Tokki continuously discloses to stockholders and investors information regarding its business activities, important operations, and decisions that may affect considerations of investment value in a timely, accurate, and impartial manner, based on a strong recognition of the fact that ensuring that the current state of the company is understood properly is an obligation of any publicly listed company. Tokki's basic policy is to proactively disclose information other than that which cannot be disclosed due to nondisclosure agreements or other legal or regulatory compliance requirements.

Based on the regulations of the JASDAQ Securities Exchange on which the company is listed, Tokki first gives prior explanation to this securities exchange before publishing information in a timely fashion using the TDNet system for information disclosure, and also publishes this information on the Tokki Web site after the amount of time required by law.
Please note, however, that there may be a slight delay before disclosed information is translated into English, or English translations of information may have to be omitted.
Tokki also uses appropriate methods to accurately, impartially, and proactively disclose other information that does not meet the criteria of legal requirements for disclosure as well, based on the basic policy for information disclosure and in a timely fashion.

In order to prevent the leaking of accounting information (including quarterly results), and to ensure impartiality, Tokki maintains a period of silence from the day after the end of the accounting term until the accounting report date.
Please note that we cannot comment on or answer any questions regarding accounting whatsoever during this period.
Of course, if it becomes evident that a discrepancy exists between earnings forecasts revealed during the period of silence and previously announced forecasts, and if this discrepancy exceeds the range that would require timely disclosure, then this fact will be disclosed in a timely manner.

Although Tokki works to improve the accuracy of its predictions and earnings forecasts as much as possible, these predictions are created according to assumptions that are based on the information available at the time.
Please note that these predictions include factors such as risk and uncertainties, and that actual results may differ from predictions.