1. Basic Policy
In order to achieve continuous growth and an increase in corporate value over the medium- to long-term, the Company shall appropriately make information disclosure in compliance with laws and regulations, provide information beyond the laws and regulations as necessary in an appropriate manner, and offer explanation to and dialogue with its shareholders directly or indirectly. This information includes both financial information, such as financial standing and operating results, and non-financial information, such as business strategies and issues, business activities risk and corporate governance of the Company.
The Company has established systems to ensure that all market participants have equal access to information that has a significant effect on investment decisions by disclosing such information in accordance with rules for timely disclosure in addition to publishing information on the corporate website and announcing it in the news media as necessary.
The Company will strive to further raise its reliability and to obtain a proper assessment of corporate value in capital markets through the timely, appropriate, and impartial disclosure of information to all stakeholders, particularly shareholders and investors.
2. Significant Information and Methods of Disclosure
The Company provides for the handling of significant information relating to the Takara Group and the methods of disclosure in Rules for Management of Significant Information, and operates the rules appropriately.
(1) Information requiring timely Disclosure
The Company carries out disclosure procedures in accordance with the rules for timely disclosure stipulated by the stock exchange for the important information relating to a company’s business, operations or performance, etc. that has a significant effect on securities investment decisions and is required to be disclosed under rules for timely disclosure stipulated by the stock exchange (information on decisions relating to a listed company and its subsidiaries, information on facts which occurred for a listed company and its subsidiaries, and listed company and subsidiary earnings information). In addition, the Company publishes such information on the corporate website and announces it in the news media as necessary.
(2) Significant Information Subject to Fair Disclosure Rules
The Company is committed to appropriate information management for significant non-public information relating to a company’s operations, performance, and assets that has a significant effect on the investment decisions of investors. However, should such information be communicated to some transacting parties, the Company will disclose it in accordance with Fair Disclosure Rules (Article 27-36, Financial Instruments and Exchange Act and Cabinet Office Ordinance on Disclosure of Important Information).
(3) Statutory Disclosure
The Company discloses significant information which requires statutory disclosure under the Financial Instruments and Exchange Act appropriately in accordance with laws and regulations.
3. Dialogue with Shareholders and Inventors
The Company recognizes that, in order to achieve continuous growth and an increase in corporate value over the medium- to long-term, reflecting opinions from its shareholders in the management appropriately is one of the significant management issues. Therefore, for the better understanding of the Company’s business strategies and management plan by shareholders, the Company shall offer dialogue with shareholders and investors, with the director in charge of public relations and investor relations being in charge of institutional investors and individual investors. Furthermore, by reporting opinions obtained from the dialogue to the Board of Directors and other bodies as necessary, the Company shall endeavor to understand various standpoints of stakeholders in a balanced way and respond thereto appropriately based on such understanding.
4. Quiet Period
The Company establishes a quiet period that extends from the day following the closing date of a fiscal quarter until the date of the financial results announcement in order to prevent the leak of information on financial results. During this quiet period, the Company refrains from making new comments relating to financial results. However, should the possibility that financial results will diverge significantly from previous performance forecasts emerge during the quiet period, the Company will disclose this information in accordance with the rules on timely disclosure. The Company will respond to inquiries relating to information that has already been disclosed during the quiet period.
5. Forward-Looking Statements
Statements, other than those based on historical fact, concerning the current plans, prospects, strategies and expectations of the Company and its Group represent forecasts of future results. While such statements are based on the conclusions of management according to information available at the time of writing, they reflect many assumptions and opinions derived from information that includes major risks and uncertainties. The Company discloses such statements with a caution that actual results may vary significantly from these forecasts due to various factors.