Basic principles on the information disclosure
We disclose the corporate information in a timely and appropriate manner, carefully taking into account the requirements of the company’s stockholders and investors. In accordance with the rules for timely disclosure in Financial Instruments Exchange, we disclose the material information, such as the company’s activities, financial management and results, which affects the investment judgment.
In addition, we achieve accountability, through open and active communication with the stakeholders, by disclosing the information without partially and reluctance, unless it is applicable to the rules for timely disclosure ,but considered to be informative for the stockholders and investors.
We also take initiatives to conduct Investor Relations (IR) activities to disclose the appropriate information to analysts, thereby a variety of analysis and assessment is available in the market, which leads to the rational and effective stock price formation.
With regard to the talks with the stockholders and investors, they are chaired by President, Chief Executive Officer and Representative Director, implemented by General Manager, Head of Corporate Planning Division, and assisted by staff members of Corporate Planning Division and related divisions.
Information disclosure method
In accordance with the rules for timely disclosure in financial instruments exchanges, material information that is applicable to the rules is disclosed, by registering for the Tokyo Stock Exchange (TSE)’s Timely Disclosure network (TDnet) system. Soon after the registration, we provide the information to the press and media immediately; meanwhile updating it on our website.
In case that we disclose the information that is inapplicable to the rules for timely disclosure, we are committed to the fair information disclosure through the website or press and media just like the case of the information that is applicable. Should nonpublic information, such as material information that is applicable to the rules for timely disclosure, or interim financial information that affects the financial results of the quarter or the fiscal year, and value of securities, be accidentally unveiled before it is officially announced by the company, we disclose the information promptly, in accordance with Financial Instruments and Exchange Act of Japan.
Timely disclosure of the material information
In line with the rules for timely disclosure in Financial Instruments Exchange, material information are disclosed in a timely manner under the following three cases: (a) In case that there is information related to the corporate decisions and financial results, occurrence of material fact, , and occurrence of all the above information related with the company’s subsidies, which affects the investment judgment; (b)In case that Financial Instruments Exchange requests the explanation regarding the disclosed information or press release; (c) In case that major changes are made, or cancellation is completed on the disclosed material information.
Process of the timely disclosure
For the transparency and fairness in the financial instruments market, we disclose the corporate information to the stakeholders in a timely and appropriate manner with the internal control system, as shown in the diagram below.
With regard to the company’s information, the assigned divisions, or affiliates report it to General Manager, Head of Corporate Planning Division in Corporate Administration Divisions Group, as an information management representative. Following the deep consideration among the related divisions, it is reported to President, Chief Executive Officer and Representative Director. Once it is approved by the board of directors, we disclose the information without delay. In addition, we take initiatives to disclose not only the required corporate information, in accordance with Financial Instruments and Exchange Act of Japan, other applicable laws and regulations, and the rules stipulated by Financial Instruments Exchange, but also the unrequited one considered to be informative for the stakeholders.
Notes: Earnings forecast and the applicable documents
In addition to the earnings forecast listed in the earnings briefing, we may provide future prospects and outlook that we assess and determine under certain conditions at that time. They may be stated in the press conferences, briefing sessions, materials, or questions and answer sessions. Due to the modifications of the conditions, the prospects may be changed without a notice. In addition, actual results may vary from the prospects due to various factors. Please refer to “Disclaimers” for more details.