Disclosure Policy

The company is committed to the accurate, timely, and fair disclosure of information to our shareholders, customers, and other stakeholders to deepen their understanding of and trust in our operations and activities and to help them properly measure our corporate value.

• The company releases statutory disclosure documents and timely disclosure information in accordance with the market’s Timely Disclosure Rules and other relevant laws, regulations, and rules governing information disclosure. As a public company bound by the Fair Disclosure Rules stipulated in Article 27-36 of the Financial Instruments and Exchange Act, we appropriately manage unpublished material facts, and ensure fair information disclosure.
• For information not required to be disclosed by laws or the Timely Disclosure Rules, we will actively disclose such information as we deem necessary or useful for stakeholders in understanding our company.

• Important information will be disclosed in accordance with the Rules on Timely Disclosure of Corporate Information by Issuers of Listed Securities established by the Tokyo Stock Exchange by way of said Exchange’s Timely Disclosure Information Transmission System (TDnet). We will then promptly announce such information to the media and take other disclosure actions under applicable laws and regulations. Statutory disclosures and voluntary disclosures will be made in accordance with applicable laws and regulations.
• Voluntary disclosure information will be disclosed in a timely, fair, and appropriate manner through the posting on TDnet, the corporate website, or other means. Additionally, we will make efforts to disclose information through such appropriate channels as media outlets, press conferences, or briefings as we deem necessary.

To ensure the fairness and soundness of the stock market and fulfill our responsibilities as a listed company, we strive to prevent insider trading by our officers and employees in accordance with insider trading prevention rules and regulations.

To prevent the leakage of financial information and ensure fair disclosure to all stakeholders, we designate the period from the day following the fiscal year-end to the day of the financial results announcement as a quiet period. For this duration, we will generally refrain from responding to questions regarding financial results or performance forecasts or otherwise commenting on same. However, if any material facts arise requiring disclosure by law and regulation or in accordance with timely disclosure policy, we will promptly disclose such information and appropriately respond to inquiries regarding previously disclosed information.

When disclosing earnings forecasts and projections related to such matters as management strategy and R&D, we will publicize such information with the caveat that they are based on information available at the time of disclosure and on certain assumptions deemed reasonable and also that actual results may differ significantly from the forward-looking statements due to various risk factors and uncertainties.

We will refrain from commenting on unclear information pertaining to the company—including evaluations or performance forecasts—issued by third parties. However, if we determine that it is inappropriate to leave such unclear information unaddressed, we will consider appropriate measures and respond accordingly.