Policy on IR Activities

Regarding our stakeholders, including shareholders and investors, our policy is to conduct correct, fair and timely information disclosure in accordance with the Financial Instruments and Exchange Act and other relevant laws, and the rules for the timely disclosure of issuers of listed securities as defined by the Tokyo Stock Exchange (hereafter “timely disclosure rules”). Also, even if the information does not fall under these guidelines and rules, our policy is to proactively disclose such information as will be important in understanding the Company and its activities.

Methods of information disclosure

The disclosure of information for which the Timely Disclosure Rules of the Tokyo Stock Exchange apply will be disclosed on the Timely Disclosure network (TDnet) operated by the Exchange, and in principle will be posted promptly on our IR site. Other information which does not fall under the Timely Disclosure Rules but which is important will be actively disclosed through the IR site.

Quiet period

The company is dedicated to preventing the leakage of financial information. To secure the fairness of information disclosure, a quiet period of IR activity will be held during the period from the day after the closing date (quarterly closing) to the date of the announcement of financial results. During this period, we will refrain from answering or commenting on questions regarding our financial results or performance forecasts. However, even during the quiet period, if there are important facts which are judged to have an important influence on the investment decisions of investors, or if disclosure is required by laws, regulations or the Timely Disclosure Rules, we will disclose such information in a timely and appropriate manner.