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IRInvestor Relations

Disclosure Policy

We seek to disclose information promptly, accurately and fairly so shareholders, investors and other stakeholders can understand our business and management and make informed investment decisions. This Disclosure Policy sets out how we put that commitment into practice.

Disclosure standards

We disclose information promptly, accurately and fairly in accordance with the Financial Instruments and Exchange Act, other applicable laws and Tokyo Stock Exchange rules. We also proactively and fairly disclose other information we consider useful or material to shareholders and investors.

Disclosure channels

Information subject to timely disclosure rules is released through the Tokyo Stock Exchange's TDnet system and then promptly posted in IR News. We also disclose other information that may affect investment decisions through appropriate channels according to its importance and urgency.

Preventing insider trading and ensuring fair disclosure

We manage material corporate information under internal rules to prevent insider trading and ensure fair disclosure. We also continue training officers and employees in the proper handling of material information.

Quiet period

To prevent leaks and ensure fair disclosure, we observe a quiet period from the day after each quarter-end until results are announced. We do not answer questions or comment on results and forecasts during that time. Matters requiring timely disclosure are disclosed promptly even during the quiet period.

Forecasts and forward-looking information

Forecasts, strategies, policies and targets that are not historical or current facts are forward-looking information. They reflect information and assumptions considered reasonable when announced. Actual results may differ materially due to changes in the business environment, risks and uncertainties.

Internal processes

We maintain internal procedures to collect material information promptly, verify its accuracy and legal compliance, and disclose it appropriately. We review these procedures and revise them when needed.