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IR Policy and Disclaimer

IR Basic Policy

We will disclose information, especially information about our management strategies and financial condition, fairly, accurately, and in a timely manner to ensure that our corporate activities are understood and thereby to build long-term relations of trust with all market participants, especially our shareholders and investors, and to receive an appropriate evaluation from them.

Disclosure Standards

We disclose information in accordance with applicable laws and regulations, including the Financial Instruments and Exchange Act, and the Timely Disclosure Rules of the Tokyo Stock Exchange, and other rules. We will disclose, as far as possible, information that is considered useful to have us understood, including information that is not prescribed in the Timely Disclosure Rules and other rules.

Method of Disclosure

We disclose information that is to be disclosed under the Timely Disclosure Rules through TDnet, a system for timely disclosure provided by the Tokyo Stock Exchange. We announce disclosure documents, including financial reports, through the EDINET (Electronic Disclosure for Investors' NETwork) of the Financial Services Agency. We post the information disclosed through TDnet and other means on our website immediately. We will disclose through our website and the media information that is not prescribed in the Timely Disclosure Rules and other rules that we consider useful to understanding our company.

Silent Period

We make the period from the day following the quarterly closing date to the earnings announcement for the quarter a silent period in our IR activities during which period we do not answer inquiries about our results to prevent leaks of information that would affect the stock price during the preparation period for the earnings announcement and to ensure the fairness of disclosure. If we expect that our earnings forecast will change significantly during the silent period, we will disclose the change under the Timely Disclosure Rules.


The plans, forecasts, and other forward-looking statements posted on our website are based on information available to us at the time of the posting and include risks and uncertainties. Actual results may differ significantly from our forward-looking statements because of changes in economic conditions, market trends, and other factors, and we do not guarantee the certainty of the statements.
We post Investor Relations on our website with meticulous care, but we do not guarantee that the information is accurate, updated, or useful, and we has not disclosed in English all information specified under Rule 12g3-2(b) of the U.S. Securities Exchange Act of 1934, as amended. We accept not responsibility for any errors in the information, falsifications by third parties, or failures caused by the downloading of data, irrespective of reason. We do not post information on our website for the purposes of soliciting investment. We ask you to make investments on your own judgment.