1. Basic policy on information disclosure

In order to provide accurate and fair information to our shareholders and investors in a timely manner, in accordance with related laws, such as the Financial Instruments and Exchange Act and the Timely Disclosure Rules of the Tokyo Stock Exchange, we will disclose important information rapidly. Regarding information not covered by the related laws and Timely Disclosure Rules, we will strive to actively and fairly disclose information which is deemed to have an influence on the investment decisions of shareholders and investors, and information which we consider to be useful to further deepen understanding of our company.

2. Information disclosure method

Regarding information covered by the related laws and the Timely Disclosure Rules, after disclosure on the Timely Disclosure Network (TDnet) provided by the Tokyo Stock Exchange, we will rapidly post the information on our website. Regarding information not covered by the related laws and Timely Disclosure Rules, we will widely disclose information which we judge to be important or beneficial on our website, etc.

3. Insider trading prevention

To ensure our insider trading prevention measures are well-known, we will enact and operate related in-house regulations, and hold insider trading prevention seminars for executives and staff of each group company. We conduct thorough dissemination and understanding of this issue.

4. Handling of business forecasts and future information

Of the disclosed business forecasts, strategies, policies and aims, etc., those that are not historical facts are descriptions of future outlooks, and are based on the information available to us at that time, and that which is deemed rational based on planning, expectations and judgment under certain assumptions. Actual business performance is liable to differ greatly due to varied risks and uncertain factors.

5. Quiet period

In order to ensure fairness to our shareholders and investors, we have a quiet period from the day after the last day of the settlement (each quarter), to the day of financial result announcement. We do not answer questions or comment in relation to the settlement or business outlook. However, even during this period, if it becomes apparent that there is the potential for a large divergence from the usual business outlook, we will disclose the appropriate information in accordance with the Timely Disclosure Rules.

6. Maintenance of the internal system

We will operate the disclosure policy properly, and construct and maintain a system in which information is disclosed in a timely manner and appropriately based on related laws and the Timely Disclosure Rules.