The Company has established and implemented the following disclosure policies to ensure timely and appropriate disclosure of information to stakeholders including its shareholders and investors, while maintaining transparency, fairness and continuity:

The Company discloses information promptly based on the principles of transparency, fairness and continuity, in accordance with the Companies Act, the Financial Instruments and Exchange Act, and other laws and regulations as well as the “Timely Disclosure of Corporate Information, etc.” of the Securities Listing Regulations (hereafter, “Timely Disclosure Rules”)　stipulated by the Tokyo Stock Exchange.
The Company actively and fairly discloses information that it deems material or useful for shareholders and investors to comprehend the Company, even with the information outside the scope of laws and regulations or the Timely Disclosure Rules.
The Company discloses no personal information, customer information, or information that infringes on the rights of those involved.

Information Disclosures, as stipulated in the Timely Disclosure Rules, are carried out via the Timely Disclosure network (TDnet) provided by the Tokyo Stock Exchange following the Rules, and then promptly posted on the Company’s website once disclosed via TDnet.
The Company also ensures that information not covered by the Timely Disclosure Rules but deemed material or useful is widely disclosed via the Company’s website and other means.

The Company has established the Insider Trading Prevention Regulations and is working to enforce these measures. The Company conducts annual training sessions on insider trading regulations for directors and employees to ensure that the purpose and importance of these regulations are well understood and adhered to.

The forecasts for the earnings, future outlooks, strategies, targets, etc. disclosed by the Company, except for those related to past or present facts, are forward-looking statements. These statements are based on plans, expectations, and judgments derived from information currently available to the Company and certain assumptions deemed reasonable. Please note that actual results may differ from the disclosed earnings forecasts due to various fluctuating factors, such as economic conditions and other uncertainties.

The Company has established a “quiet period” from the 15th day of the month in which each quarter-end and fiscal year-end falls until the day of each financial results announcement to prevent the leakage of financial information (including quarterly financial one) and to ensure fairness in information disclosure. During the quiet period, the Company refrains from answering or commenting on questions related to earnings, financial forecasts, and other aspects of financial results. However, if any facts requiring timely disclosure arise during this period, the Company will disclose the information promptly and appropriately in accordance with the Timely Disclosure Rules.

In individual meetings with institutional investors, analysts, and others, the Company strives to engage in constructive dialogue aimed at enhancing its corporate value from a medium- to long-term perspective. During these dialogues, the Company provides explanations based on already disclosed facts, well-known information, or general business environment details, ensuring that no unpublished material information is communicated exclusively to specific individuals.

Additionally, the Company does not comment on or evaluate earnings forecasts or other information provided by third parties.