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Disclosure
policy

1. Basic Policy on Information Disclosure-Appropriate and Fair Information Disclosure-

The Group will disclose financial information such as the Group's financial condition and Results of Operations, and non-financial information such as information related to management strategies / issues, risks and governance in a timely, appropriate and fair manner in accordance with laws and regulations. At the same time, we will take the initiative in providing information other than disclosure based on laws and regulations.
In disclosing information, we will comply with the so-called "Fair Disclosure Rules" (hereinafter referred to as "Fair Disclosure Rules") stipulated in the Financial Instruments and Exchange Act, and will not disclose information selectively.

2. Information disclosure method

The Group will disclose information disclosed under the Financial Instruments Transaction Law in accordance with the requirements and procedures of that law. In addition, TDnet (Tokyo Stock Exchange provides information that is required to be disclosed based on the securities listing rules (hereinafter referred to as "listing rules") established by the stock exchanges on which the Company's shares are listed. Timely Disclosure Information Transmission System) will be disclosed.
In addition, when disclosing important information in the Fair Disclosure Rules of the Group, we will disclose it by posting it on our website.

3. Silent period

The Group has a so-called silent period from two weeks before the settlement date (meaning each quarter settlement date and year settlement date) to the settlement announcement date, and does not respond to comments or inquiries regarding settlement information. However, if it is found during this period that the financial results for the relevant fiscal year deviate from the announced business forecast and meet the timely disclosure standards prescribed in the listing regulations, the information will be disclosed in a timely manner in accordance with the regulations. increase.

4. Future information

When the Group discloses forecasts regarding business results, it is prepared under the preconditions that can be expected at the time of disclosure, so there is a possibility that the forecast values and actual business results may differ.

5. Correspondence to analyst reports, etc.

In principle, the Group will not comment on the information contained in the analyst report, etc. However, if it is recognized that there is a serious misunderstanding of facts, such as the information being clearly different from the information already disclosed. May be pointed out to that effect.