Standard for Information Disclosure

The Company discloses information in an appropriate and timely manner in accordance with the Financial Instruments and Exchange Act and other laws and ordinances and the Timely Disclosure Rules provided by the Tokyo Stock Exchange. The Company also performs fair and equitable disclosure of information that is not subject to the Timely Disclosure Rules, if the Company considers that such information would have a material impact on investment decisions by shareholders and investors.

Method of Information Disclosure

The Company discloses information subject to the Timely Disclosure Rules through its timely disclosure information communication system (TDnet) and posts it on the Company's website at the same time. Information not subject to the Timely Disclosure Rules is disclosed on the Company's website.

Future Prospects

The Company may provide information on future prospects in a document prepared for performance explanation meetings, etc. in addition to performance forecasts shown in a statement of accounts. Information on future prospects is based on the information available at the time of the preparation thereof. For this reason, actual performance, etc. may differ from future prospects information depending on the changes in economic conditions and the business environment.

Quiet Period

The Company sets a period from the day following the date of the settlement of accounts to the date of the announcement of the settlement of accounts as the silence period. Please note that during this period the Company will refrain from answering questions related to the settlement of accounts and from making comments.

However, if a certain level of discrepancy from the performance forecast is expected, the Company will disclose information as appropriate even during the silence period in accordance with the Timely Disclosure Rules. The Company responds to inquiries related to information not related to the settlement of accounts or related to information already published.