We will strive to build and maintain a relationship of trust with our shareholders and other stakeholders by
disclosing information in a timely, appropriate, fair, and easy-to-understand manner to earn credibility and
cultivate a correct understanding about our management and business activities.
In addition to the information in compliance with the Financial Instruments and Exchange Act, the Timely
Disclosure Rules adopted by the Tokyo Stock Exchange, and other laws, regulations, rules, etc. (hereafter
referred to as “relevant laws, regulations, rules, etc.), we will proactively disclose beneficial corporate
information to our shareholders and investors, even if such information is not required to be disclosed, per
the purpose of the “Fair Disclosure Rules” stipulated in the Financial Instruments and Exchange Act.
Information required to disclose under the Timely Disclosure Rules will be released on the Timely Disclosure
network provided by the Tokyo Stock Exchange (TDnet), while securities reports and other mandatory
reports will be published through the Electronic Disclosure for Investors' NETwork (EDINET) offered by
the Financial Services Agency; in either case, the information and reports will also be available on our
3．Internal processes for information disclosure
We have streamlined and improved internal structure and procedures to ensure that the information of our
Group is promptly consolidated in the Corporate Planning Department, and that information is appropriately
disclosed in a prompt, accurate, fair, and easy-to understand manner.
4．Dialogue Policy with our Shareholders and Investors
(1) Information Control, Insider and Silent Period
We have established Basic Rules on Prevention of Insider Trading for all officers, employees and so forth at
the PHC Group companies to ensure strict management of insider information. In addition, when engaging
in dialogue with investors, the CEO and other members of the management team and those in charge of
investor relations take the utmost care in handling insider information and other material information, comply
with the Fair Disclosure Rules stipulated in Financial Instruments and Exchange Act, and are committed to
engaging in fair dialogue. Specifically, we set a "silent period" from the day after the end of each quarter to
the day of the financial results announcement. During this period, we refrain from commenting on or
answering questions regarding our financial results, and do not engage in dialogues regarding undisclosed
financial outlook. However, if we anticipate a significant change in our financial outlook during the silent
period, or if any other circumstances that falls under the criteria for the timely disclosure arise, we will
disclose information in accordance with the Timely Disclosure Rules.
(2) Measures for appropriate and effective feedback
Evaluations and opinions acquired through meetings with shareholders, investors, and analysts are
compiled on a regular basis and shared with the management team.
(3) Handling of forward-looking information
Among information we disclose, financial outlook and future prospects are based on our
assumptions and judgements in light of the limited information available to us at the time
of disclosure, and include potential risks and uncertainties. Therefore, please be aware
that various factors may cause actual results to differ from these forecasts. Important
factors that may affect actual results include, but are not limited to, economic conditions
surrounding our business domain, fluctuations in exchange rates, and competitive