We think that a mission of a corporation whose stocks are publicly offered is to respond to expectation of stockholders and investors through continuous increase in profit, to make efforts to gain public understanding of a company through IR activities, and to build trusting relations with stockholders and investors.
Based on such thought, we promote IR activities by reporting to stockholders and investors our correct state of our financial results and future prospect in a comprehensible and timely manner.


1. Positive promotion of IR activities
  In order to implement the IR policy as above, the top management will convey personally to institutional investors, analysts, etc. to information about our achievements and future prospect, and provide more opportunities to gain their understandings. 

2. Disclosure of information in a fair and timely manner
  We present our important company information in conformity with the Securities and Exchange Act and rules of disclosure by the Tokyo Stock Exchange promptly to the public and then to the parties related to investment.
In addition, in order not to discriminate quality and quantity of information among parties concerned, we try to secure fairness. We never mention our undisclosed information or important facts in a briefing with institutional investors and analysts or other individual meeting with them.
We will expand dispatch of prompt and homogeneous information via Internet to make it available to as many stockholders and investors as possible.

3. The matters related to achievement expectation and future prediction
  In some cases, the achievement expectation we have announced and other various documents ( including our home page ) which stockholders / investors use to judge their own predictions on our performance contain our plans, prospects or strategies formulated at the time of releases of the information.
The materials other than historical facts were prepared on the basis of certain presumptions and also were results of the judgement of the management based on information available at that time.
Our actual achievements may not always be as predicted due to various factors. Therefore, when you make a forecast for our performance, we kindly request you not to depend entirely on our estimation.

4. About your use of this home page
  Please refer to the separate escape clauses in addition to this IR policy on the occasion of your use of our information on this home page.