Information Disclosure Policy

1. Basic Stance

The Company aims to disclose information to our shareholders and investors in a fair, timely and prompt manner. In disclosing information, the company shall comply with the relevant laws and regulations and distribute various information including investor relations information to give a good understanding of our business activities.

2. Information Disclosure Standards

The company conducts disclosure activities based on, and in conformity with, the Financial Instruments and Exchange Act and "Rules on Timely Disclosure of Corporate Information by Issuers of Listed Securities" (hereinafter "Timely Disclosure Rules"), as stipulated by the Tokyo Stock Exchange. The Company also actively discloses information that it believes to be useful in fostering a deeper understanding of the investors in an appropriate manner, even where disclosure standards specified by the laws and regulations and the Timely Disclosure Rules do not apply.

3. Method for Information Disclosure

The company shall disclose information, as required by the Timely Disclosure Rules of the Tokyo Stock Exchange, will be disclosed through the Timely Disclosure network (TDnet) of the Tokyo Stock Exchange in general. The information posted through TDnet shall quickly be posted on the Company's IR website. Please note that due to the preparation of tools and systems, the posting of this information on this website could be delayed significantly from the time of publication on TDnet. We also proactively disclose other information that we deem useful for deepening understanding of our company by publishing IR materials and posting them on our IR website. Therefore, if you wish to confirm the information disclosed by the Company, please refer to this website as well as other information such as TDnet.

4. Accuracy of Information

Please note that, although the Company makes every effort to ensure the accuracy of the information and the content of this website, the Company does not guarantee the accuracy of the information or assume any responsibility for it. The company encourages you to also refer to the annual securities reports and other disclosed information for material facts in particular.

5. Future Outlook

The Company's plans, future outlooks, strategies, and other information contained in the Company's website, other than those relating to past or present facts, are forward-looking statements about future performance and are based on judgments and assumptions made in light of the information currently available to the Company. Please note that actual results may differ significantly from the prospects due to changes in various risks and uncertainties, as well as changes in economic conditions and other factors.

6. Quiet Period

In order to prevent the leakage of financial information and to ensure fairness, the Company designates a certain period of time from the day after the closing date to the day of the release of financial results as the "quiet period". During the quiet period the Company refrains from making comments or disclosures on account settlements and does not respond to any related inquiries. However, if the earnings forecast is likely to change significantly during the quiet period, the company shall make necessary announcements in accordance with the Timely Disclosure Rules. Even during the quiet period, we will respond to any questions regarding information that has already been made public.