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Disclosure Policy

1. Standards for Information Disclosure

The Company discloses information in accordance with the Financial Instruments and Exchange Act and other related laws and regulations, as well as the Rules on Timely Disclosure of Corporate Information by Issuer of Listed Securities stipulated by the Tokyo Stock Exchange. In addition, we will actively and fairly disclose information that does not fall under the scope of the Timely Disclosure Rules, etc., if it is judged to be useful for understanding our company.

2. Methods of Information Disclosure

When disclosing information in accordance with laws and regulations and the Timely Disclosure Rules, we will post information on our website after disclosing it on TDnet (Timely Disclosure Network: Timely Disclosure Information Communication System) and EDINET (Electronic Disclosure for Investors' NETwork: Electronic Disclosure System for Disclosure Documents such as Annual Securities Reports based on the Financial Instruments and Exchange Law).

Even if the information does not fall under the above categories, we will disclose it as accurately and fairly as possible by posting it on our website.

3. Earnings Forecast and Other Forward-Looking Statements

The Company's plans, estimates, forecasts, projections and other future information disclosed by the Company are based on the Company's judgments and assumptions at the time of disclosure and do not constitute a commitment or guarantee that the planned figures or measures will occur in the future. Actual results may differ materially due to a variety of factors.

4. Quiet Period

In order to prevent the leakage of financial information and ensure fairness, the Company has designated a period of four weeks prior to the announcement of quarterly financial results to the announcement of financial results as a quiet period, during which the Company refrains from responding to comments and inquiries regarding financial results, except for those with regards to information that has already been disclosed.

However, during the quiet period, we will disclose information that is required by laws and regulations or the Timely Disclosure Rules in a timely and appropriate manner.