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Disclosure Policy

Basic Policies

JAIC will endeavor to disclose information promptly and fairly to all shareholders and investors.

JAIC will disclose information in accordance with the timely disclosure regulations of the Securities Exchange Law and of stock exchanges.

JAIC will disclose as actively and fairly as possible information not covered by the timely disclosure regulations whenever we determine that such information will help the understanding of shareholders and investors.

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Financial Forecasts

For the convenience of shareholders and investors, JAIC will regularly disclose financial results and timely information.

The financial forecasts that JAIC announces are based on plans at the time of announcement and are determined according to information available at the time. Because of subsequent changes in economic conditions and markets, there is no guarantee that business results will match forecasts. Therefore, when seeking to forecast JAIC’s business results, you should not wholly rely on our financial forecasts.

JAIC does not support in any way forecasts of our business results made by third parties according to their own judgment, and we do not comment on the forecasts made by other companies or on public speculation.

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Individual Meetings and Small Group Meeting

At individual meetings and small group meetings with institutional investors or securities analysts, JAIC will limit the disclosure and discussion of information to that already disclosed in financial statements or already widely known or concerning the general business environment.

Whether significant or not, we do not comment in any way on significant matters that have not been made public.

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IR Quiet Periods

JAIC institutes IR quiet periods. During such periods, we do not comment on business outlooks or results.

Our IR quiet period is from the 15th of each month of account settlement (including quarterly accounts) to the earnings announcement date.

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