Disclosure Policy

Basic Policy on Information Disclosure

We emphasize fairness and continuity in disclosure of information, in accordance with the Financial Instruments and Exchange Act and other laws and regulations, as well as the rules of the exchange on which our shares are listed. Moreover, our policy is to disclose, in a timely and appropriate manner, any information that we judge to be effective for helping shareholders, investors, and other stakeholders to deepen their understanding of our company, even if such disclosure is not required by laws, regulations, or other rules.

Methods of Information Disclosure

We use prescribed information disclosure methods (TDnet, EDINET, etc.) to disclose information which is required to be disclosed by law or regulation. Following disclosure, materials containing the disclosed information may be made available on the Company’s website if deemed necessary. The Company may also disclose information which is not required to be disclosed by law or regulation. In these cases, the Company will disclose the information as necessary, using an appropriate method of disclosure (press release, The Company may also disclose information which is not required to be disclosed by law or regulation. In these cases, the Company will disclose the information as necessary, using an appropriate method of disclosure (press release, website disclosure, etc.) based on the contents.

Forward-Looking Statements

Forward-looking statements included in disclosed information are based on management’s views and assumptions at the time the information was disclosed. A variety of changes in the internal and external business environment may cause actual results to differ materially from those expressed or implied in such statements. In cases where its outlook changes, the Company discloses the change as necessary using an appropriate disclosure method.

Silent Period

The Company institutes a silent period beginning the day after its quarterly financial settlement date until the day of the financial results announcement as a way to prevent financial information from being disclosed prior to the formal announcement. During the silent period, the Company does not respond to inquiries regarding its financial results. If the possibility arises that the Company’s financial results will differ significantly from previous forecasts, however, the Company will disclose the change appropriately during the silent period.

Others

Information received from our website should be used in conjunction with reference to both this disclosure policy document and other disclaimer documents on the website.