Disclosure Policy
Basic Policy
The Company’s basic policy is to disclose information concerning its corporate activities and business conditions in a timely, appropriate, and fair manner, and it endeavors to enhance the disclosure and provision of information in both Japanese and English. In addition to complying with applicable laws, regulations, and related rules, the Company seeks to enhance management transparency, achieve sustainable growth in corporate value, and earn an appropriate valuation from the capital markets.
Disclosure Standards
The Company discloses information in compliance with the following laws and regulations:
- Companies Act
- Financial Instruments and Exchange Act, including the Fair Disclosure Rules
- Securities Listing Regulations and Timely Disclosure Rules prescribed by the Tokyo Stock Exchange
In addition to information required to be disclosed under these laws and regulations, the Company provides, in a timely and readily understandable manner, information that it considers useful for investment decisions.
Disclosure Methods
The Company discloses material corporate information subject to timely disclosure requirements through TDnet (Timely Disclosure network) operated by the Tokyo Stock Exchange.
Information disclosed through TDnet is promptly posted in the same form on the Company’s IR website.
The Company also broadly provides information that is not subject to applicable laws, regulations, or the Timely Disclosure Rules through press releases, IR materials, the Company’s website, and other appropriate means.
Fair Disclosure and Prevention of Insider Trading
The Company does not selectively disclose undisclosed material information to any specific investors, analysts, media organizations, or other parties.
Material information is, in principle, disclosed broadly and fairly.
The Company also complies with its internal regulations for the prevention of insider trading and strictly manages information relating to undisclosed material facts until such facts are officially disclosed.
Earnings Forecasts and Forward-Looking Statements
Earnings forecasts, medium- to long-term plans, forward-looking statements, and other projections disclosed by the Company are based on information available at the time of disclosure and on assumptions the Company considers reasonable.
These statements involve uncertainties, and actual results may differ materially from the forecasts due to economic conditions, raw materials prices, foreign exchange trends, changes in the business environment, and other factors.
Quiet Period
To prevent the leakage of financial results information and ensure fairness in information disclosure, the Company observes a quiet period from the day following the end of each fiscal period until the date on which the corresponding financial results are announced.
During this period, the Company responds to questions concerning previously disclosed information only to the extent of the information already disclosed. The Company refrains from responding to or commenting on questions concerning undisclosed financial results information, earnings forecasts, or other material information.
If a material fact requiring timely disclosure arises during the quiet period, including a revision to the Company’s earnings forecasts, the Company will disclose the relevant information appropriately.
Dialogue with Shareholders and Investors
The Company places importance on constructive dialogue with shareholders and investors and endeavors to promote mutual understanding through financial results briefings, individual meetings, and other opportunities.
Such dialogue is limited to information already disclosed and matters concerning the general business environment, and the Company does not refer to any undisclosed material facts.
Internal Structure
The Company discloses information through prescribed approval processes in accordance with its internal regulations for the prevention of insider trading, internal regulations concerning the dissemination of information, and other related regulations..
Through these processes, the Company endeavors to maintain and enhance a disclosure framework that ensures the accuracy, fairness, and appropriateness of disclosed information.
Revision of This Policy
The Company will review this Disclosure Policy as needed in response to changes in laws and regulations, relevant systems, the social environment, and other circumstances.
