DISCLOSURE POLICY

1. Basic Policy

Our company conducts timely, appropriate, and fair information disclosure to all stakeholders. Our company complies with the Companies Act, the Financial Instruments and Exchange Act, and other laws as well as rules set forth by the Tokyo Stock Exchange to conduct the rapid disclosure of information applicable to marketable securities listing regulations. Furthermore, we aggressively disclose information relevant to promoting a better understanding of our company.

2. Method of information disclosure

The disclosure of information applicable to Timely Disclosure Rules is disclosed via the timely disclosure information communications system (TDnet) provided by the Tokyo Stock Exchange in accordance with said rules. Furthermore, following disclosure we immediately publish said information to our IR website. Information not subject to Time Disclosure Rules is also published fairly to our website in the spirit of timely disclosure.

3. Forward-looking statements

Of the information we disclose, forecasts, plans, projections, etc. concerning performance for the current fiscal year and future performance are reasonable assumptions based on available information at the time of disclosure. These forward-looking statements include risks and uncertainties, and may differ from actual results or performance.

4. Silent period

To prevent earnings information leaks and to ensure fairness, our company establishes a silent period, which lasts from the day after the closing day for each quarter as well as the closing day for the fiscal year until the day of each earnings release. During this period, we refrain from making any comments or responding to any inquiries regarding earnings or performance forecasts. However, in the event that during this period we come to expect a major fluctuation in our earnings forecast, we will provide appropriate disclosure in accordance with Timely Disclosure Rules.

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