1. Basic approach to disclosure
In conducting our business, we uphold the principles of fairness, propriety, integrity, and transparency, and we disclose our business activities to stakeholders in a forthright manner. We fully comply with disclosure requirements such as those listed in the Tokyo Stock Exchange (TSE)’s timely disclosure rules and in the Companies Act and Financial Instruments and Exchange Act. Even if the information in question is not subject to such disclosure requirements, we will nonetheless disclose it in a forthright, timely, and fair manner if doing so would help ensure an accurate understanding of our business.
2. Material Information and Disclosure Method
- Information subject to timely disclosure requirements
In accordance with timely disclosure requirements, we publish material information on TSE’s Timely Disclosure Network (TDnet) and then immediately post the same information on our website.
- Information subject to fair disclosure requirements
Fair disclosure requirements apply to material nonpublic information, meaning unpublished information about our corporate management, businesses, or assets that may be considered important in making an investment decision. We will observe fair disclosure requirements when sharing such information with selected groups of shareholders, institutional/individual investors, securities analysts, or other interested parties.
- Mandatory disclosure
In accordance with our legal obligations, we will disclose material information that is subject to disclosure under the Financial Instruments and Exchange Act.
- Other material information
If we believe that disclosing certain information is essential to ensuring an accurate understanding of our business, we will disclose the information in a timely manner by issuing a press release or posting the information on our website.
3. Stakeholder dialogue
With the aim of improving our corporate value in the medium to long term, we engage in constructive dialogue with stakeholders (such as shareholders, investors, and securities analysts). We strive for fair dialogue, which helps us avoid disclosing material information to only a selected group of interested parties. Additionally, we share the stakeholders’ feedback (such as their opinions, desires, or the management issues they may raise) with our management team so we can incorporatethe feedback and thus improve our business management and corporate value.
4. Quiet period
To prevent unauthorized disclosure in the run-up to an earnings announcement, which may affect our share price, we observe a 1-month quiet period prior to the announcement. During the quiet period, we refrain from commenting on our financial results. However, if we find that our financial results deviate markedly from the forecasts we had previously announced, we will disclose the information in compliance with timely disclosure requirements.
5. Forward-looking statements
Some of the information we disclose on our website or elsewhere contains forward-looking statements. These forward-looking statements (excluding any historical facts they may refer to) are speculative and based on information available at the time. We offer no guarantee that they will prove to be accurate. Actual results or events could differ substantially from those forecasted in such statements due to a number of risk factors and variables.