1. Basic policy on information disclosure
The Company discloses to shareholders and investors critical information on any resolution, fact or financial results that may influence investment judgment in accordance with the Financial Instruments and Exchange Law, other laws and regulations as well as with the Timely Disclosure Rules set out by the Tokyo Stock Exchange. The Company also discloses information outside the scope of material facts defined by the law and regulations including the Timely Disclosure Rules, and that are deemed helpful to shareholders and investors, in a timely and fair manner to the extent possible.
2. Methods of information disclosure
Information subject to the Timely Disclosure Rules is disclosed through the Timely Disclosure Network (TDnet) operated by the Tokyo Stock Exchange in compliance with the Rules. As soon as it is registered on the TDnet, the same material is made public on this website. For the purpose of preventing insider trading, information that is not subject to the Timely Disclosure Rules or other provisions, and that the Company believes will influence investment judgment, is disclosed in the fairest possible manner by appropriate methods according to the level of importance and urgency, for example by making such information available on the TDnet and disclosing it on this website immediately thereafter.
3. Quiet period
To prevent any leak of information on financial results, including interim and quarterly results, or any other information that may influence the share price, and to ensure fairness, the Company observes a quiet period from the business day after the closure of a fiscal period until the day of the announcement of the financial results. During this period, the Company refrains from responding to inquiries or commenting on financial results or projections. However, in the event that the financial results confirmed during the quiet period differ so substantially from previously announced financial forecasts that the disparity is likely to be subject to the Timely Disclosure Rules, the Company discloses the information in an appropriate manner in accordance with the Rules.
4. Information disclosure to third parties and financial forecasts made by third parties
In individual meetings with institutional investors, analysts and suchlike, and in newsgathering operations of the media, the Company refers solely to limited information such as already disclosed facts, known facts or general market trends. The Company endorses no comment, financial projections or suchlike with regard to the Company made by any third party.
5. Notes on financial forecasts and future projections
Any information disclosed that is not a past or present fact is a future projection reflecting the Company's judgment and assumptions based on currently available information. Actual results may differ significantly from forecasts because of changes in economic and social circumstances, market trends and other external factors.
Please note that actual performance may vary as a result of these factors.
6. Spokespersons for investor relations activities
To ensure the accuracy of information and fairness of disclosure, the Company designates its president and COO, the director responsible for IR, and IR personnel, as the spokespersons for the Company’s principal IR activities. In principle, no employee or officer who is not a spokesperson independently offers information relating to the Company to any party associated with the securities market or with the media. Where necessary, spokespersons may appoint any other employee or officer to act as a proxy.