Disclosure Policy

October 1st, 2005

  1. 1Basic Policy:

    The Company places the utmost importance on winning the confidence of customers and is doing its very best to achieve this objective. In line with this perspective, the Company shall disclose information in a timely manner, in compliance with the Securities Exchange Law and other related laws and regulations, as well as the timely disclosure rule and various other regulations prescribed by the listing stock exchange, and shall strive for transparent, fair and consistent information disclosure to all stakeholders.

  2. 2Method of Information Disclosure:

    The Company releases information regarding its activities, which falls under the information for timely disclosure, as stipulated in the Tokyo Stock Exchange's Timely Disclosure Rule, after it has been explained to the Exchange in advance, by means of TDnet (Timely Disclosure network) which is provided by the Exchange. The same information is also released to the news media promptly after the public release on TDnet and is published on the Company's website. The publishing of this information on the Company's website, however, could possibly be delayed to some extent, depending on the state of the Company's computer system.

  3. 3Forecast of Business Performance and Outlook for Future:

    The Company's future plans, outlook for the future, future strategies, and the like, are established based on the information available at the present time. It should be noted that business performance in the future could vary depending on various uncertain factors, such as a changes in economic conditions, and therefore the accomplishment thereof cannot be guaranteed.

  4. 4Divulging Prevention of Account Settlement Information:

    The Company is taking appropriate care to prevent account settlement information being divulged, and, in order to ensure fairness to all stakeholders, is refraining to respond or comment on questions relating to account settlement during the period from each account closing date, including the quarterly and semi-annual account closings, until each account settlement result is publicly released. However, even during such period, when a situation which is deemed to significantly affect the performance of the Company arises, the Company will disclose it in a timely manner, in compliance with the Securities Exchange Law and other related laws and regulations, as well as the Timely Disclosure Rule and various other regulations of the Tokyo Stock Exchange. When questions and inquiries arise regarding information which has already been publicly disclosed, the Company will properly respond, making judgments on a case-by-case basis.

  5. 5Compliance with Disclosure Policy:

    The Company shall abide by this Disclosure Policy as a part of its "Corporate Social Responsibility (CSR)" and shall ensure that all officers and employees of the Company comply with this policy.