1. Basic policies

The Company discloses information in compliance with the Financial Instruments and Exchange Law of Japan and applicable laws, regulations and rules promulgated by the securities exchange to all stakeholders on a fair, timely, regular and continuous basis.

2. Standards for information disclosure

The Company considers the following information as important information subject to disclosure.

• a. Information which is required to be disclosed by various laws, regulations and rules including the Financial Instruments and Exchange Law of Japan and other laws, regulations and rules such as Timely Disclosure Rules stipulated by the securities exchange.
• b. Information which is deemed to affect investment decisions made by investors that does not fall under the category above.

3. Information disclosure method

Information subject to the Timely Disclosure Rules is disclosed through the Timely Disclosure Network System (TDnet) provided by the Tokyo Stock Exchange. The information then becomes available on the Company's website immediately after release.
However, initial system preparation may cause delayed disclosure of the information on our website.
As for information which is not subject to Timely Disclosure Rules, the Company's policy is to communicate the information to shareholders and investors using appropriate methods, on an accurate and fair basis, and taking into account the purpose of timely disclosure.

4. Spokesperson

The Company's spokespersons on IR matters are the President, Director responsible for accounting, the person in charge of information disclosure, and the IR staff. No IR information is provided by directors or employees with the exception of the spokespersons.

5. Quiet period

In order to prevent business result leaks and ensure fairness, the Company, which has established the period commencing on the day following the balance sheet date and ending on the date of the announcement of financial results for each fiscal quarter as the quiet period, does not comment or answer questions regarding business results during the quiet period. However, even during the quiet period, the Company will disclose information as necessary if any significant divergence from earnings forecasts is expected.

6. Compliance with disclosure policy

The Company ensures that not only the spokesperson but also all employees fully understand and comply with this disclosure policy. This disclosure policy is also applicable to the Company's consolidated subsidiaries, thus ensuring that the entire group is fully involved in and compliant with the policy.