Policy on Information Disclosure

The Company discloses information based on the principles of transparency, timeliness and fairness, in accordance with the Financial Instruments and Exchange Act, related laws and regulations, and the rules on timely disclosure set forth by Tokyo Stock Exchange Inc. We also strive to actively and fairly disclose information that is not subject to the various laws, regulations, and rules on timely disclosure, but which we consider useful to shareholders and investors, to the extent possible.

Method of Information Disclosure

The Company discloses information subject to the rules on timely disclosure by registering it on TDnet (Timely Disclosure Network), which is operated by Tokyo Stock Exchange Inc. We also post the same information on our corporate website after registering it on TDnet, in principle. In addition to this, we strive to actively and fairly disclose information that is not subject to rules on timely disclosure and other regulations, but which we consider useful to shareholders and investors, to the extent possible.

Earnings Forecasts and Other Projections

The Company sometimes discloses information concerning earnings forecasts and other forecasts and projections on the corporate website. Statements based on assumptions other than past facts are projections the Company has deemed reasonable based on information obtainable at the time of disclosure. As such, they are subject to unforeseen risks and uncertainties and actual results may differ substantially from future projections provided by the Company.

Quiet Period

In order to prevent the leakage of important information and to ensure fairness, we set a “quiet period” from just before the last day of each quarter to the day of announcement of financial results. During this period, we refrain from making comments or answering questions related to financial results.

However, this does not apply to inquiries regarding information that has already been made public.