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Disclosure Policy

Basic Policy on Timely Disclosure

The "Taiyo Group Code of Conduct" requires that Group companies "always conduct business activities with respect for the viewpoints of all our stakeholders, and disclose information in a timely and appropriate manner." This statement defines the basic policy that guides the Group.

Standards for Information Disclosure

Taiyo Holdings conducts expeditious disclosure based on the principles of transparency, fairness and continuity, in line with the Japanese Corporate Law, Securities and Exchange Law and other relevant laws, as well as the Rules on Timely Disclosure of Corporate Information by Issuer of Listed Security (the Rules on Timely Disclosure) stipulated by securities exchanges.

In addition, Taiyo Holdings also discloses information not required under the Rules on Timely Disclosure, covering such matters as decisions made by the company, events related to the company and items connected to settlement of accounts, in the event that such matters are considered to have the potential to impact on investment decisions by interested parties. Such matters are disclosed as promptly and comprehensively as possible.

Disclosure Methods

In carrying out information disclosure such as that mentioned above, Taiyo Holdings makes full use of the electronic facilities provided by the Tokyo stock exchange's TDnet and also promptly disclosed via other media, including the company's Web site and direct e-mail.

Regarding the disclosure of information not required by the Rules on Timely Disclosure, Taiyo Holdings fully respects and observes the need for timely disclosure, and makes every effort to assure full disclosure to investors by appropriate methods.

Internal System for Information Disclosure

Timely Disclosure System (Flow Diagram)

Timely disclosure system (flow diagram)

For details, please refer the document below.

Report on Corporate Governance

Silent Period

To prevent unauthorized release of earnings information and ensure fairness, Taiyo Holdings observes a "silent period" from two weeks before the day after the end of the quarter until the date on which each set of financial results is announced. During the silent period, as a rule, the company refrains from responding to questions regarding its financial results and from making related comments. However, in the event that during the silent period it becomes clear to Group management that results are likely to differ substantially from forecasts previously disclosed, the company will effect an information disclosure in accordance with the Rules on Timely Disclosure in principle.

Changes to Information Disclosed and Disclosure Policy

Any information disclosed by the company and this disclosure policy are subject to change without notice.