1. Disclosure framework
The Corporate Strategy Department is responsible for timely disclosure and it endeavours to thoroughly publicize the importance of companywide timely disclosure. Any developments and decisions, which may influence investment decisions should be reported by all internal divisions and departments to the Corporate Strategy Department for its advice. After it has been reported to the IR director what information is to be disclosed by the Corporate Strategy Department, the said information will be publicly disclosed with the approval of the board.
2. Disclosure criteria
The company bases its swift disclosure on the principles of “transparency”, “fairness”, “continuity” and “timeliness” set out in rules such as those related to the trading of financial products and the “Securities Listing Regulations” stipulated by the Tokyo Stock Exchange (hereafter referred to as the “Regulations”). Furthermore, the company will disclose information not covered by the Regulations for Timely Disclosure wherever possible as long as it is judged to be useful to understand the company.
3. Forms of disclosure
Disclosure of information covered by the Regulations is disclosed through the Timely Disclosure Network (TDnet) utilized and operated by national stock exchanges. Furthermore, documents such as securities reports and mid-term securities reports are disclosed through the Financial Service Agency’s Electronic Disclosure for Investors' NETwork (EDINET). For information to which the rules do not apply, where the information is judged to be necessary for investment decisions, it will be promptly disclosed through means such as the media or the company homepage.
4. Disclosure to third parties and performance predictions by third parties
The company only discloses limited information concerning historical facts, which have been made public, and the general business environment in closed meetings with institutional investors and securities analysts. Furthermore it does not support comments or performance predictions made by third parties.
5. Response to the spreading of rumors
The company will not make any comments on inquiries regarding the dissemination of rumors. However if it is judged that neglecting a rumor would have a significant influence on the company, the source will be quickly identified and if necessary countermeasures will be taken.
6. Quiet period
To ensure fairness as well as to prevent information leaks, the company has implemented a quiet period of two weeks before the scheduled date of results announcements and will refrain from making comments and responding to questions related to financial performance. However in cases of significant changes in performance during the quiet period, the information will be announced according to the Rules. Furthermore, during the quiet period, the company will respond to questions regarding information which has already been made public.
7. Forward-looking statements
Apart from historical facts, the information which appears on this website, such as the medium term business plan, performance forecasts, and business strategies, consists of company forecasts based on management decisions. Accordingly there is no guarantee for such information based on the company’s forecasts and expectations. Since this website is not designed to solicit investors, users are expected to take responsibility themselves for their own investment decisions.