General Policies

The Company is committed to providing information to shareholders and other investors in a timely accurate and fair manner. To this end, we shall quickly disclose information conforming to regulations concerning timely disclosure stipulated by the Jasdaq Securities Exchange, as well as other important information. In addition, we shall proactively disclose information that will help people better understand the Company.

Disclosure Methods

Information pertaining to regulations on timely disclosure is first supplied to the Jasdaq Securities Exchange, then to TDnet, the information service used by the Tokyo Stock Exchange. Information provided to TDnet is uploaded to our company's website as soon as possible. However, disclosure through our company's website might be late by the situation not anticipated. Information that does not require timely disclosure is disclosed via appropriate means, based on our assessment of its timeliness, with an emphasis on accuracy and fairness.

Forward-Looking Statements

The Company provides revenue and earnings forecasts to the Japan Securities Dealers Association. We also issue printed documents and provide on our website information on current plans and future forecasts that enable shareholders and other investors to form independent evaluations of the Company's future financial performance. In either case, information other than historical data is forward-looking in nature and reflects forecasts the Company has made based on information currently available. Such forward-looking statements involve a number of risks, uncertainties, and other factors that may cause actual results to differ from those projected. For this reason, we urge readers not to rely solely on such information when making investment decisions.

Quiet Period

In order to prevent information leaks and ensure fairness, the Company imposes an "quiet period" extending from the day following closure of accounts until the flash report announcement. During this period, the Company shall not make comments or respond to questions regarding its account settlement.
However, it may transpire that, even during a quiet period, the Company needs to announce more accurate financial projections that differ from those previously announced. If such projections differ sufficiently so as to require timely disclosure, the Company shall disclose revised financial projections via the procedures outlined above.