Disclosure Policy

1.Information
Disclosure Standards

We disclose information in accordance with the Financial Instruments and Exchange Act and other laws and regulations, as well as the rules regarding timely disclosure, etc., established by the Tokyo Stock Exchange (hereinafter referred to as the "Timely Disclosure Rules"). In addition, even if information does not fall under the laws and regulations or the Timely Disclosure Rules, we will disclose information that is deemed to have a substantial impact on investment decisions or that is deemed useful in deepening understanding of our company, taking into consideration fairness and timeliness.

2.Method of
Information Disclosure

When disclosing information in accordance with various laws and regulations and timely disclosure rules, we will disclose the information on TDnet (Timely Disclosure network: a timely disclosure information transmission system) or EDINET (Electronic Disclosure for Investors' NETwork: an electronic disclosure system for securities reports and other disclosure documents pursuant to the Financial Instruments and Exchange Act), and then post it on our website.
Similarly, even for information that does not fall under the above, we will endeavor to communicate such information as fairly and widely as possible by posting it on our website, etc.

3.Future Outlook

The plans, estimates, forecasts, predictions and other future information of the Group disclosed by the Company are based on the Company's judgment or assumptions at the time of disclosure and do not constitute a commitment or guarantee that the future planned figures or measures will be realized. Actual results may differ significantly due to various factors.

4.Quiet Period

In order to prevent leaks of financial information and ensure fairness, the Company observes a quiet period from the day after the end of each quarterly fiscal year until the announcement of said financial results, during which time the Company will refrain from responding to comments or inquiries regarding financial results, with the exception of information that has already been made public. However, even during the quiet period, information that falls under the laws and regulations or the timely disclosure rules will be disclosed in a timely and appropriate manner.