Disclosure Policy

1． Criteria for Information Disclosure

We disclose information in accordance with the Financial Instruments and Exchange Act and other laws and regulations, as well as the rules on timely disclosure, etc. established by the Tokyo Stock Exchange ("Timely Disclosure Rules"). In addition, we will disclose information that is not required by laws and regulations and the Timely Disclosure Rules, but that is considered to have a substantive impact on investment decisions or to be useful in deepening understanding of our company, in consideration of fairness and timeliness.

2． Methods of Information Disclosure

Information disclosed in accordance with laws and regulations and the Timely Disclosure Rules is disclosed on TDnet (Timely Disclosure network: a system for the timely disclosure of information) and EDINET (Electronic Disclosure for Investors' NETwork (Electronic Disclosure for Investors' NETwork: an electronic disclosure system for securities reports and other disclosure documents based on the Financial Instruments and Exchange Act), and then post the information on our website.
Even for information that does not fall under the above categories, we will make every effort to ensure that such information is communicated as fairly and widely as possible by posting such information on our website.

3． Future Prospects

Plans, estimates, forecasts, projections, and other future information disclosed by our group are based on our judgment or assumptions at the time of disclosure, and are not guarantees or assurances that future planned figures or measures will be realized. Actual results may differ materially depending on various factors.

4． Period of Silence

In order to prevent leaks of financial information and ensure fairness, the Company observes a quiet period from the day following the last day of each quarter until the announcement of the relevant financial results. During this period, the Company refrains from commenting on or responding to inquiries regarding financial results, except those related to information that has already been made public.
Even during the quiet period, we will disclose information in a timely and appropriate manner as required by laws and regulations or the Rules on Timely Disclosure of Corporate Information.