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DISCLOSURE POLICY

In addition to complying with the Financial Instruments and Exchange Act and related laws and regulations, we will disclose accurate company information to all stakeholders, including shareholders and investors, in a timely, appropriate and fair manner to the extent possible. , We will also proactively disclose information that is effective for promoting understanding of our company and for proper evaluation.

Information disclosure standards

The Company shall be accurate in accordance with relevant laws and regulations such as the Securities and Exchange Law and the "Rules for Timely Disclosure of Company Information of Issuers of Listed Securities" (hereinafter referred to as "Timely Disclosure Rules") established by the stock exchanges on which the Company is listed. We will disclose information in a timely and fair manner. Our policy is to disclose information that does not fall under the timely disclosure rules, even if it is judged to help investors make decisions, in a fair, proactive and timely manner through our website.

Information disclosure method

In accordance with the Financial Instruments and Exchange Act, submit "securities report," "quarterly report," "extraordinary report," etc. to the Director of the Kanto Finance Bureau, and disclose information that falls under the timely disclosure rules in accordance with the rules. , Timely Disclosure Information will be disclosed to the media and others through the Information Transmission System (TD net). In addition, we will maintain fairness by disclosing information on our website on the Internet. (However, information disclosure on our website will be uploaded promptly after information disclosure on TD net, but please note that the disclosure time may be delayed.)

IR self-restraint period (quiet period)

In order to prevent leakage of information that affects the stock price, we will set an "IR self-restraint period" for a certain period before the announcement of financial results, and refrain from responding to comments and inquiries regarding financial results, business results and outlook. It is supposed to be. However, if it is expected that the financial results will deviate significantly from the previously announced earnings forecast during this silent period, information will be disclosed as appropriate.

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