Disclosure Policy

IR Basic Policy

The Company conducts IR activities in line with its basic policy of disclosing information about the Company to its shareholders, investors and other stakeholders in a fair, timely and appropriate manner.
Through communication with its shareholders and investors, the Company aims to increase management transparency and maximize its corporate value.

Information Disclosure Standard and Method

The Company considers the following information to be material information that must be disclosed.

  1. Information disclosed periodically and extraordinarily as part of disclosure required by law (securities reports, quarterly reports, and extraordinary reports)
  2. Information disclosed periodically under the Rules on Timely Disclosure stipulated by the Tokyo Stock Exchange (financial summaries, quarterly financial summaries)
  3. Material information that falls under the Rules on Timely Disclosure stipulated by the Tokyo Stock Exchange
  4. Information that does not fall under laws or regulations or the Rules on Timely Disclosure but that may affect the investment decisions of shareholders and investors

Such information disclosed via TDnet (Timely Disclosure network: a system for timely disclosure) and EDINET (Electronic Disclosure for Investors' NETwork: the electronic disclosure system for disclosure documents such as securities reports under the Financial Instruments and Exchange Act) will then immediately be published on the Company's website as well.

Internal Structure for Timely Disclosure

The Company has established its Rules on Disclosure Controls and Detailed Rules on Disclosure as internal rules for ensuring fair, timely and appropriate corporate disclosure.

  1. Business unit in charge of disclosure
    The Managing Director of the Finance Division (CFO) is the person responsible for handling information at the Company, and the Planning & IR Group of the CEO Office is the business unit mainly responsible for disclosure at the Company.
  2. Disclosure Committee
    The Company has established a Disclosure Committee chaired by the CEO and comprised of relevant company members to ensure the comprehensiveness, appropriateness and timeliness of its disclosure and to ensure the comprehensiveness, appropriateness and timeliness of the gathering of information from its affiliated companies. The Disclosure Committee is in charge of ensuring the appropriateness of information gathering and disclosure.

Quiet Period

In order to ensure fairness and to prevent premature divulgence of information related to financial results the Company observes a quiet period beginning the next day of the final day of each quarter and ending with the announcement of financial results. During the quiet period, the Company refrains from providing any new information related to the upcoming financial results, either in response to specific inquiries thereto or as part of any other statement or comment.
However, even during the quiet period, information which falls under the Rules on Timely Disclosure stipulated by the Tokyo Stock Exchange is disclosed in a timely and appropriate manner.The quiet period does not apply to inquiries about information which has already been made public or information which was made public during the quiet period.


Information disclosed by the Company is intended to provide information about the Company and will not constitute an offer to sell or a solicitation of an offer to buy shares of the Company's common stock or any other securities issued by it. Any information related to market trends or industries mentioned in this document is based on information available at present, and the Company does not guarantee that this information is accurate or complete. The Company disclaims any obligation to update any information contained herein.
Any plan, estimation, calculation, quotation, evaluation, prediction, expectation or other forward-looking information in this document is based on the current assumptions and beliefs of the Company in light of the information currently available to it, and involves known and unknown risks, uncertainties, and other factors. Such risks, uncertainties and other factors include, without limitation: economic conditions, trends in the market for food industry, shifts in customer preferences and fluctuations in the price of raw materials.