Disclosure PolicyDisclosure Policy

Basic policy on disclosure
We strongly recognize that information disclosure in an appropriate and timely manner is the basis of sound capitalism. Our basic policy on disclosure is to provide our shareholders and investors with our corporate information in a timely, fair and clear manner. We are working to promote much understanding of us and obtain fairly evaluation.
Disclosure standards
We disclose our corporate information in a timely and proper manner according to legal disclosure requirements based on the Financial Instruments and Exchange Law and other laws and according to timely disclosure requirements based on the Securities Listing Regulations of the Tokyo Stock Exchange. We also fairly and promptly disclose significant information that may be considered as influential to investment judgment even in cases where the information is out of the scope of the legal and timely disclosure requirements.
Methods of disclosure
We disclose information required by the timely disclosure regulations through TDnet (Timely Disclosure network) provided by the Tokyo Stock Exchange and also release information to the press immediately. Information that is disclosed on TDnet or by other means is also promptly posted on our website.
Quiet Period
In order to ensure fairness to every investor and prevent leakage of account information, we have defined the quiet period as the time starting from the day after the final day of each corresponding quarter until the day of our earnings announcement. During this period, we will refrain from responding to or making comments on questions related to our account settlement and earnings forecast. However, if a large discrepancy from the earnings forecast is found in the quiet period, information will be appropriately disclosed following the Timely Disclosure Rules.
Forward-looking statements
Our disclosed information includes forward-looking statements. The forward-looking statements reflect information available at the time it was disclosed. Actual results and future developments may differ materially due to a wide range of possible reasons.

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