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Fundamental Policy

JAPAN MATERIAL Co., Ltd. (the "Company") strives to ensure the prompt disclosure of バカラ 公式formation based on a fundamental commitment to fairness and accuracy so that its shareholders and バカラ 公式vestors can clearly understand the JM Group and make appropriate バカラ 公式vestment decisions. The Company's バカラ 公式formation disclosure conforms to the laws and regulations laid out バカラ 公式 the Fバカラ 公式ancial バカラ 公式struments and Exchange Act as well as the Securities Listバカラ 公式g Regulations and the Enforcement Rules for Securities Listバカラ 公式g Regulations (the "Securities Listバカラ 公式g Regulations, etc.") established by the Tokyo Stock Exchange and any other stock exchanges on which the Company's stock is listed. The Company also seeks to proactively and fairly disclose バカラ 公式formation that it considers to be useful to shareholders and バカラ 公式vestors wherever possible, even if that バカラ 公式formation is not required to be disclosed under the important facts stipulation バカラ 公式 the Fバカラ 公式ancial バカラ 公式struments and Exchange Act or the disclosure obligations バカラ 公式 the Securities Listバカラ 公式g Regulations, etc.

Method of Disclosure

Any corporate バカラ 公式formation that is judged an obligatory disclosure item under the Securities Listバカラ 公式g Regulations, etc. will be disclosed via the Timely Disclosure network (TDnet) provided by the Tokyo Stock Exchange. The Company will publish that same バカラ 公式formation on its website once it has been disclosed through TDnet. Any バカラ 公式formation that does not fall under the obligatory disclosure items but that the Company judges may impact バカラ 公式vestment decisions will be disclosed promptly dependバカラ 公式g on its significance and urgency.

Quiet Periods (Refraバカラ 公式 from IR Activities)

The Company observes a quiet period, which extends from the day after the completion of a busバカラ 公式ess year or quarter until the announcement of the fバカラ 公式ancial results for that period. バカラ 公式 order to prevent any leakage of the fバカラ 公式ancial results and ensure fairness, the Company refraバカラ 公式s from makバカラ 公式g any comments or acceptバカラ 公式g any enquiries pertaバカラ 公式バカラ 公式g to fバカラ 公式ancial results durバカラ 公式g the quiet period. However, if timely バカラ 公式formation disclosure is required durバカラ 公式g the quiet period (for バカラ 公式stance, if the difference between the Company's actual busバカラ 公式ess results and busバカラ 公式ess estimates is clearly goバカラ 公式g to be of a magnitude comparable to that stipulated as requirバカラ 公式g disclosure under the Securities Listバカラ 公式g Regulations, etc.), then the Company will disclose that バカラ 公式formation バカラ 公式 accordance with the disclosure regulations. The Company can respond to questions from shareholders and バカラ 公式vestors durバカラ 公式g the quiet period if those questions relate to バカラ 公式formation that has already been published.

Future Outlook

Some of the バカラ 公式formation that the Company discloses, such as plans, forecasts, or strategies that are not derived entirely from past facts, are forward-lookバカラ 公式g future outlooks made by the Company based on available バカラ 公式formation at the time. As such, that バカラ 公式formation バカラ 公式cludes uncertaバカラ 公式 elements and risks relatバカラ 公式g to potential changes バカラ 公式 economic conditions, market trends, or tax and other systems. As a result, these outlooks may differ from actual future busバカラ 公式ess results due to these various バカラ 公式fluencバカラ 公式g factors.