Under the Hitz Value (our corporate philosophy, management attitude and code of conduct), we disclose information in a timely and appropriate manner in accordance with laws, regulations and rules. The disclosure policy is set out below, with the aim of contributing to the enhancement of the Company's value over the long term by striving for transparency in its business activities and fulfilling its accountability to shareholders, investors and other stakeholders.
Methods of Information Disclosure
1.Disclosure of material information
The Company discloses material information in a timely and appropriate manner in accordance with the Financial Instruments and Exchange Act and other laws, regulations and rules of the financial instruments exchanges, using the respective prescribed methods (EDINET, TDnet, etc.) and promptly posting such information on the Company's website so that it can be widely disseminated.
Material information refers to information subject to the application of insider trading regulations (insider information) and financial closing information of a precise nature which has not been disclosed, as stipulated in the Fair Disclosure Rule Guidelines, which are notes regarding the provisions of Article 27-36 of the Financial Instruments and Exchange Act.
Information that does not fall under the category of material information, but is considered to have a substantial impact on the investment decisions of shareholders and investors, is disclosed as promptly and fairly as possible, for example by posting it on the Company's website.
In order to prevent information relating to financial results from being leaked prior to their announcement, the company has set a “silent period” of approximately one month prior to the announcement of quarterly and annual results and refrains from responding to enquiries relating to financial results.
However, if, during the silent period, a matter arises that falls under the timely disclosure criteria, such as the prospect of a significant change in the earnings forecast, the information will be disclosed in accordance with the Timely Disclosure Rules.
Response to Earnings Forecasts and Rumours by Third Parties
As a rule, we do not comment on third-party forecasts, assessments or rumours.
However, if we determine that the Company may be seriously affected by leaving them unchecked, we will take appropriate action.
Prospects for the future
Forward-looking information, including forecasts of the performance of the Company and its subsidiaries and affiliates, is based on information available at the time of disclosure and certain assumptions that the Company considers to be reasonable. Therefore, actual results may differ from the forecasts due to changes in various factors.