Disclosure Policy

(1) Standards for Information Disclosure

First-corporation promptly discloses information in a transparent, fair and ongoing manner in accordance with the Financial Instruments and Exchange Act and other laws and regulations, as well as rules for the timely disclosures of corporate information set by the Tokyo Stock Exchange for listed marketable securities. Even if not applicable to these laws, regulations and timely disclosure rules, management proactively and fairly discloses information it deems important or beneficial for furthering understanding of First-corporation by shareholders and investors.
First-corporation does not disclose personal information, customer information or information that damages the interests of related parties.

(2) Information Disclosure Methods

Information subject to timely disclosure rules is disclosed via TDnet (Timely Disclosure Network), a system maintained by the Tokyo Stock Exchange, in accordance with said rules. After disclosing information on TDnet, it is also promptly published on our website. Information not subject to timely disclosure rules that management deems important or beneficial is also published on our website.

(3) Prevention of Insider Trading

First-corporation seeks to prevent insider trading through information management procedures and insider trading management rules. First-corporation holds annual study sessions about insider trading regulations for executives and employees, distributes materials explaining insider trading and takes other steps to raise awareness and deepen understanding. First-corporation also periodically warns executives and employees about insider trading through internal communications.

(4) Handling of Earnings Estimates and Forward-Looking Statements

The earnings estimates, future projections, strategies and targets disclosed by us are forward-looking statements, except those based on historical fact or current conditions. These forward-looking statements are based on plans, expectations and judgements using certain assumptions that are deemed rational based on obtainable information at that time. Accordingly, actual results may differ significantly from our disclosed earnings estimates or other forward-looking statements, owing to changes in uncertain variables, such as the strength of the economy.

(5) Quiet Period

First-corporation has designated the day following the end of a fiscal period (quarterly results) until the date results are released as a quiet period for preventing the leak of earnings information (including quarterly results data) in order to ensure fairness in information disclosure. During this quiet period, management refrains from making comments or answering questions about results or earnings forecasts. However, in the event that results are found likely to differ significantly from earnings estimates during the quiet period, management intends to make a timely disclosure in accordance with timely disclosure rules.

(6) Updating of Internal Systems

In accordance with this disclosure policy, First-corporation updates and enhances its internal systems in order to properly disclose information in accordance with laws, regulations and timely disclosure rules.

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