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Investor Relations

Disclosure Policy

1. Principles in Information Disclosure

Our basic stance of IR activity is the timely disclosure of useful and credible information in an attempt to increase transparency of management for shareholders and investors. Our disclosure activity follows the Stock Exchange Law and the rules by Tokyo Stock Exchange Inc., called "Rules on Appropriate Time Disclosure of Corporate Information by Issuer of Listed Security"( hereafter called Appropriate Time Disclosure Rules ).
Our disclosure activity also covers information outside such rules, which we find necessary or useful for shareholders and investors to get to know our company better.

2. Procedure of Information Disclosure

Information disclosure within Appropriate Time Disclosure Rules goes public through TDnet( Appropriate Time Disclosure Information Transmission System) operated by Tokyo Stock Exchange.
Also, information disclosure documentation addressed to several media is posted through the press club within Tokyo Stock Exchange.

3. Publication in Our Home Page

Publication of TDnet registered information will appear in our home page as soon as possible.
In order to secure impartiality of information disclosure, also to be published in our home page are the materials from the settlement conferences held for institutional investors and economic analysts.

4. Period of Silence

In order to prevent leakage of settlement information and to secure impartiality of it, a period of silence has been designated from the end of each quarter term to the announcement day of the prospect of business results of that quarter term. During this period no inquiry about settlement of account will be answered nor responded with commentary.
However, even in a period of silence if any discrepancy were expected to occur, some revised prospect of performance may come out suitably.

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