We disclose our information to the public on this website according to our disclosure policy.

1. Disclosure standards

Our disclosure is made in conformity with the Financial Instruments and Exchange Act and other such laws and ordinances and the regulations relating to timely disclosure (the "Timely Disclosure Regulations") laid down by the Tokyo Stock Exchange ("TSE"). Even with regard to information that does not fall into the category of information required to be disclosed under laws and ordinances or the Timely Disclosure Regulations it is our policy to disclose information positively and fairly when we judge that its disclosure would be useful for the making of investment decisions by investors.

2. Information disclosure method

Disclosure of information required to be disclosed under the Timely Disclosure Regulations and of other information whose disclosure would in our judgment be useful for the making of investment decisions by investors is made through the timely-disclosed information dissemination system ("TDnet") provided by the TSE, and the aforesaid disclosed information and certain analogous information is posted promptly on our website. In addition, if information is required to be disclosed under the Financial Instruments and Exchange Act or other such laws and ordinances, the required disclosure is made in accordance with the provisions thereof. When disclosing other information we endeavor to ensure that timely and accurate information is disclosed fairly through our website and through the media and other such channels.

3. Quiet period

In order to prevent any information affecting our stock price from being divulged during the preparation period for our earnings announcements, thereby ensuring the fairness of our information disclosure, we designate the period from the day immediately following the final day of each accounting period to the day of the relevant earnings announcement as a "quiet period" during which we refrain from making comments on the financial results or responding to related inquiries. However, in the event that information that falls into the category of information required to be disclosed under laws and ordinances or the Timely Disclosure Regulations emerges during a quiet period, for example if a forecast projects that our results will differ substantially from the forecasts that we have already announced, we will make an appropriate announcement based on the said laws and ordinances or the Timely Disclosure Regulations.

4. Other

When searching this website for information on our company, please read carefully not only this "Disclosure Policy" but also the "Disclaimer".