Disclosure Policy

1. Information Disclosure Standards

The Company will discloses 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 and timely disclosure rules, it is information that is thought to have a significant impact on investment decisions,
We will disclose information that we believe will be useful in deepening understanding of our Company, taking into consideration fairness and timeliness.

2. Method of Information Disclosure

When disclosing information in accordance with the timely disclosure rules, the information will be disclosed on TDnet (Timely Disclosure Information Transmission System) and then promptly posted on our website.

In addition, information that does not fall under the timely disclosure rules will also be widely disclosed by posting it on our website, etc.

3. Preventing insider trading

The Company has established internal regulations to properly manage important company information and prevent insider trading.
We are promoting thorough awareness and understanding among all Group employees.

4. 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 at the time of disclosure and do not constitute a promise or guarantee that future planned figures or measures will be realized.

Actual results may differ significantly due to various factors.

5. 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 the financial results. During this period, the Company refrains from responding to any comments or inquiries regarding financial results, with the exception of information that has already been made public.

Even during the quiet period, we will disclose information that falls under the laws and regulations or the timely disclosure rules in a timely and appropriate manner.

6. Regarding the establishment of internal systems

The Company is working to establish and improve its internal systems to properly implement its disclosure policy and to disclose information in a timely and appropriate manner in accordance with the timely disclosure rules.