1. Basic Policy

We will strive to disclose appropriate information in a fair, impartial and timely manner in order to continue being a trusted company.


We will promote active communication with our stakeholders including shareholders and investors to enhance corporate value. We shall pay particular attention to:

a. Information disclosure as social responsibility (accountability)

b. Communication to prevent impairment to corporate value


2. Disclosure Standards

We will disclose information in accordance with laws and regulations including the Companies Act and the Financial Instruments and Exchange Act (hereinafter “laws and regulations”), and the rules on timely disclosure of the Tokyo Stock Exchange (hereinafter “disclosure rules”).


In addition to information disclosure based on laws and regulations and disclosure rules, we will also actively disclose information deemed useful for deeper understanding of the Group and information on matters that could affect stakeholders.

3. Disclosure Methods

We will disclose the disclosure documents pursuant to the Financial Instruments and Exchange Act using EDINET, provided by the Financial Services Agency, and we will disclose information pursuant to disclosure rules using TDnet, provided by the Tokyo Stock Exchange. Both kinds of information will be then promptly posted on the Toyobo website.


Moreover, for other information, we will, as much as possible, conduct impartial and broad-ranging information disclosure by posting such information on the Toyobo website, staying true to the intent of fair disclosure rules.

4. Quiet Period

To prevent leakage of information on the settlements of accounts (including quarterly settlements) and ensure impartiality, we shall employ a quiet period beginning on the day following the final day of the fiscal term until the day that the operating results of the fiscal term are announced. During this time we will refrain from providing answers to comments or questions concerning the settlement of accounts and the operating results forecasts.


However, the restriction of the quiet period does not apply to any information that was already disclosed prior to the quiet period.

5. Prevention of Insider Trading

When handling information defined as material information under the disclosure rules, we will treat such information as insider information until it is disclosed using TDnet. After disclosing by TDnet, we will then promptly post this information on the Toyobo website.