Disclosure
policy

1. Disclosure Standards

We disclose information in accordance with the Timely Disclosure Rules stipulated by the Tokyo Stock Exchange Standard. It is our policy to proactively and fairly disclose information that we believe is useful for investors to understand our company, including information related to decisions, events, and financial results that may affect investment decisions, as well as information that does not fall under the Timely Disclosure Rules.

2. Method of Information Disclosure

Information subject to the Timely Disclosure Rules is disclosed on TD-net (Timely Disclosure Network) in accordance with the Rules, and is also posted on the Company's website as soon as it is announced. However, there may be a delay in the posting of such information on our website due to system preparation. With regard to information that does not fall under the scope of the Timely Disclosure Rules, we will accurately and fairly communicate such information to our shareholders and investors in an appropriate manner, based on the purpose of timely disclosure.

3. Future Prospects

In addition to the earnings forecasts submitted to the Tokyo Stock Exchange Standard, where the Company's shares are listed, the Company may provide information regarding earnings forecasts by other means. In addition, news releases, documents issued by the Company, contents on the Company's website, and questions and answers at financial results briefings, etc. may include plans, forecasts, strategies, and other information. Such information is based on our reasonable judgment based on information available at the time of preparation, but it contains risks and uncertainties. Please be aware that a variety of factors could cause actual results to differ materially from those discussed in the forward-looking statements.

4. Positioning of this Website

This website is intended for those who wish to view our company's information on the Internet. The Company considers the disclosure of information via the Internet, e-mail, and other information tools to be only a supplement to the Company's information disclosure. Please be aware that not all of the information disclosed by the Company may be posted on this website, and that some of the information may be presented in a manner different from that disclosed by other means.

5. IR Self-Restraint Period

In order to prevent the leakage of information that may affect the stock price during the preparation period of financial information materials, we have established a "IR self-restraint period" of about 3 to 4 weeks prior to the announcement of financial results, during which time we refrain from making comments or answering questions regarding financial results. However, even during the period of self-restraint, if the Company anticipates a significant deviation from its forecasts, it will make an appropriate public announcement in accordance with the disclosure rules.

6. Compliance with the Disclosure Policy

The Company will ensure that all of its employees comply with this Disclosure Policy. In addition, the Company's consolidated subsidiaries shall also apply this Disclosure Policy, and the entire group as a whole shall ensure thorough compliance with the Policy.