Basic Policy

The Company’s basic policy is to disclose corporate information promptly, accurately, and fairly in accordance with the Financial Instruments and Exchange Act and other applicable laws and regulations, as well as the Rules on Timely Disclosure of Corporate Information by Issuers of Listed Securities established by the Tokyo Stock Exchange (the “Timely Disclosure Rules”). The Company also endeavors to disclose information that does not fall under the Timely Disclosure Rules but is nonetheless useful for investors' investment decisions, as promptly and fairly as possible.

Method of Information Disclosure

For information subject to the Timely Disclosure Rules, the Company discloses such information through the Timely Disclosure Network (TDnet), a system provided by the Tokyo Stock Exchange.

In addition, to ensure fair disclosure, the Company posts disclosure materials and other useful information for investors in making investment decisions on its website to the extent possible.

Quiet Period

The Company designates the period from the day following each quarterly closing date through the date of the earnings announcement as a silent period. During this period, the Company refrains from commenting on or responding to questions regarding its financial results. However, if any matter arising during the silent period falls under the Timely Disclosure Rules, or if the Company otherwise determines that disclosure is necessary, the Company discloses such information promptly.

“Allocation Agreement”