Disclosure Policy
Our Group’s disclosure policy is presented below.
1. Standards for Information Disclosure
In addition to disclosing information in compliance with the Financial Instruments and Exchange Act and the timely disclosure rules established by the Tokyo Stock Exchange, we also provide timely and proactive disclosure of information deemed useful for understanding our company, based on the principles of transparency, fairness, and continuity.
2. Information Disclosure
In accordance with timely disclosure rules, we disclose relevant information through the Timely Disclosure network (TDnet) provided by the Tokyo Stock Exchange after prior explanation to the exchange. This information is also posted on our website as promptly as possible. Other information that does not fall under timely disclosure requirements is also disclosed as proactively, accurately, and fairly as possible in keeping with the spirit of timely disclosure.
3. Prevention of Insider Trading
We have established Insider Trading Prevention Regulations and an Insider Trading Prevention Manual as operational guidelines for the publication of material facts and management standards for internal information, and we ensure thorough management of insider information.
4. Earnings Forecasts and Forward-Looking Statements
In addition to earnings forecasts submitted to the Tokyo Stock Exchange, we may provide outlook-related materials during earnings presentations to institutional investors, securities analysts, and others. News releases, Q&A sessions, documents issued by us, and content on our website may also contain current plans, outlooks, and strategies. Among these plans, outlooks, and strategies, any information other than those related to past or present facts are forward-looking statements regarding future performance, and these are based on judgments and assumptions derived from information currently available. Accordingly, actual results may differ from these statements due to fluctuations in various risks and uncertainties, as well as changes in economic conditions.
5. Quiet Period
To prevent the leakage of financial information and ensure fairness, we designate a set period from the day following the end of each accounting period through the date of our earnings announcement as a “quiet period.” During this period, we refrain from responding to or commenting on questions related to financial results. However, if it becomes apparent during the quiet period that results are expected to deviate significantly from earnings forecasts, we will make appropriate disclosures in accordance with disclosure rules.
6. Information Disclosure to Third Parties and Comments on Stock Price and Third-Party Investment Decisions
During individual meetings with institutional investors, analysts, and others, we limit our comments to already-published facts, publicly known facts, or general business conditions and other limited information. Please also note that we do not comment on the appropriateness of the current stock price, predictions of future stock prices, or the appropriateness of investment decisions made by analysts or other third parties.
