Disclosure Policy

1.Standards of Information Disclosure

The Valtes Group (hereinafter referred to as “The Group”) carries out its disclosure of information in accordance with the Companies Act, the Financial Instruments and Exchange Act, and other laws and regulations, in addition to the rules on timely corporate information disclosure as stipulated in the “Securities Listing Regulations” of the Tokyo Stock Exchange (hereinafter referred to as the “Timely Disclosure Rules”). For cases not covered by the Timely Disclosure Rules, the Group will proactively disclose information it recognizes as being beneficial to investment decisions.

2.Information Disclosure Methodology

The Group adheres to a policy of prompt disclosure of information subject to the Timely Disclosure Rules website upon disclosure through the Tokyo Stock Exchange’s TDnet (Timely Disclosure network). Information not subject to the Timely Disclosure Rules shall also be disclosed through posting via the Group’s website.

3.Fair information disclosure and prevention of insider trading

We have established internal rules and regulations for the purpose of appropriately managing important corporate information, preventing insider trading, and disclosing information in a fair manner, and we promote awareness and understanding of these rules throughout the company.

4.Handling of Performance Forecasts and Forward-Looking Information

All future information disclosed by the Group, including earnings forecasts, strategies, policies, and targets set forth in plans, forecasts, and decisions are based on information available to the Group at the time of disclosure and on reasonable assumptions, although actual results may differ materially owing to unforeseen risks and uncertain factors.

5.Regarding Quiet Period

To ensure fairness in information disclosure and prevent financial information leaks, the Group observes a quiet period from the day following the end of each quarter until the announcement of relevant financial results, during which the Group reserves the right to refrain from answering questions or making comments regarding financial results. The Group will, however, disclose information during the quiet period as deemed appropriate in accordance with the Timely Disclosure Rules in the likelihood of any significant deviation from earnings forecasts.

6.Regarding internal structure management

The Group continually endeavors to implement and enhance its system for the timely and appropriate disclosure of information in accordance with its disclosure policy, and the Timely Disclosure Rules.