Disclosure Policy

Basic policy

Doing fair information disclosure to all the investors is the fundamental policy of our company. Therefore, we do not disclose the information, unless it is disclosed to the general investors with an applicable method. The details regarding the information disclosure are as follows.

How information disclosure

1.Information regarding the settlement

(1) We adopt 4 semiannual settlements and announce the settlement note and disclose stockholder communication, business report, sales report (attached to the notice of general meeting of stockholders) to the stockholders.

1st quarter
Apr.–Jun.
2nd quarter
Apr.-Sep.
3rd quarter
Apr.-Dec.
4th quarter
Apr.-Mar.
Settlement
note
early Aug. early Nov. early Feb. mid-May
Stockholder
communication
--- --- --- late Jun.
Business
report
--- --- --- mid-Jun.

We are afraid that there may be a little difference in the timing of information disclosure.

(2) We distribute the settlement note to each media in the press club inside the Tokyo Stock Exchange after submission to the Japanese security business organization.

(3) The settlement note is registered to Tdnet after submission to the Japanese security business organization, so every shareholder can find it on the Internet from 12 hours disclosure.

Tolyo Stok Exchange

http://www.jpx.co.jp/listing/disclosure/index.html

(4) We publish it in the homepage of our company from 12 hours after disclosure.

(5) We carry "Financial Data Book" as auxiliary data about settlement of accounts.

2.Information regarding important facts

(1) We disclose the information regarding the important fact on our business such as issue of the stocks, modification of achievement, damage that originates form the disaster, organization modification, and personnel change etc. at the right time.

(2) We distribute the information regarding important facts to each media in the press club inside the Tokyo Stock Exchange after submission to the Japanese security business organization.

(3) The information regarding important facts is registered to Tdnet after submission to the Japanese security business organization, so every shareholder can find it on the Internet from 12 hours disclosure.

Tokyo Stok Exchange

http://www.jpx.co.jp/listing/disclosure/index.html

(4) We publish it in the homepage of our company from 12 hours after disclosure.

3.Press release such as products

(1) We are doing the press release to the information media at any time about the new products and business results.

(2) We publish the contents of the press release in the homepage of our company at any time.

(3) We publish the outline in stockholder communication and also business report and report to the stockholders.

Please understand that above information is not necessarily published to the paper etc. though we submit the data of our company to each information media.

4.Information regarding the analyst explanation meeting

(1) We carry out the analyst explanation meeting in early May and December. The main contents are the explanation with regard to the outline and future development of the settlement note.

(2) We publish the contents and distribution data of the explanation meeting in the homepage of our company after the next morning.