Disclosure Policy

Basic Policy on Information Disclosure

We strive to promptly provide information to shareholders and investors based on the principles of transparency, fairness, and continuity and to disclose information according to the Financial the Instruments and Exchange Act and Timely Disclosure Rules established by the Tokyo Stock Exchange.
Even if information does not fall under laws and the Timely Disclosure Rules, we disclose it positively and fairly if we judge that the information will help shareholders and investors better understand our company and potentially profit as a result.

Method of Information Disclosure

We disclose information falling under the Timely Disclosure Rules by publishing it on the Timely Disclosure network (TDnet) provided by the Tokyo Stock Exchange as prescribed by the Timely Disclosure Rules.
As a matter of policy, published information is promptly placed on our IR site.
Regarding information not falling under the Timely Disclosure Rules, we take care to disclose any facts or details that may affect the profits and losses of general investors, and do so as accurately, fairly, and appropriately as possible.

Future Prospects

We provide shareholders with the earnings forecast that we submit to the Tokyo Stock Exchange (the exchange where we are listed) and sometimes provide additional information on earnings forecasts in other ways.
We sometimes include information on planning, forecasts, strategies, and other matters in news releases, in question-and-answer materials for our briefings on financial results, and in other materials and venues. All forecast information of this type is based on our rational judgment and the facts available at the time the information is prepared, and is subject to both risk and uncertainty. Please note that actual results may differ from forecasts due to various factors.

Quiet Period

We set a quiet period spanning the interval from each settlement date (including settlement of quarterly results) to the date of the announcement of results, in order to ensure fairness and prevent the leakage of important company information. We answer no questions about settlement-related information during a quiet period, except when important facts that may significantly affect the investment decisions of investors occur or come to light during such a period.