Disclosure Policy

Disclosure Standards

Our basic policy is to proactively disclose information with the aim of "realizing highly transparent management. In order to meet the high level of information disclosure needs of our shareholders and other stakeholders, we will not only comply with the timely disclosure rules set forth by the Tokyo Stock Exchange (the "Disclosure Rules"), but also actively disclose information to enhance the trust and understanding of our company.

Method of Information Disclosure

Information subject to the Disclosure Rules will be disclosed on the Tokyo Stock Exchange's website (the "Exchange's Website") through the Timely Disclosure Network (the "TDnet"). We will also actively disclose information not covered by the disclosure rules that we believe is necessary for shareholders and investors.
We will strive to disclose information in a fair and timely manner, avoiding selective disclosure of undisclosed material information to specific organizations or individuals. In the event that important corporate information arises, we will report it to the stock exchange without delay and disclose it to the public in a timely manner.
Depending on the nature of the information, we disclose information appropriately via TDnet, our website, press releases, information meetings, printed materials, and other means. Different expressions may be used depending on the method of information disclosure.

Prevention of Insider Trading

When company information that falls under the disclosure rules is disclosed on the Exchange's website via TDnet, the public disclosure measures under the insider trading regulations are completed. We will promptly post on this website any company information that falls under the disclosure rules and any important company information that we judge to have an impact on investment decisions after it is disclosed on the Exchange's website.

Quiet Period

In order to prevent the leakage of information on financial results (including quarterly financial results) and to ensure fairness, we observe a quiet period from the day following the last day of the fiscal year to the day of the announcement of financial results. During this period, we refrain from answering questions or commenting on financial results and forecasts. However, if during this quiet period, we anticipate a significant deviation from our earnings forecast, we will make an appropriate public announcement in accordance with our disclosure rules and our own information disclosure standards.

Disclosure of Information to Third Parties and Performance Forecasts by Third Parties

In individual meetings with institutional investors, analysts, and others, we only refer to information that has already been disclosed to the public, is well known, or is related to the general business environment. We assume no responsibility for any forecasts or comments made by third parties regarding our company.


When searching for information about our company on this website, please refer not only to this disclosure policy, but also to our disclaimer, which is posted separately.