DISCLOSURE POLICY

The JIA Group discloses information timely and appropriately in accordance with related laws and regulations, such as Financial Instruments and Exchange Act, and the timely disclosure regulations set by Tokyo Stock Exchange, and makes efforts to allow all stakeholders to equally obtain important information that would influence their judgments on investment.
When disclosing information, we consider the following items in each process.
・[Information gathering process] Swiftness, completeness, and timeliness
・[Analysis and judgment processes] Legality, accuracy, and being official
・[Announcement process] Fairness and proactiveness

The JIA Group discloses information on our decisions, events, accounting, etc. that would influence the investment judgments of shareholders and investors in accordance with related laws and regulations, such as Financial Instruments and Exchange Act, and the timely disclosure regulations set by Tokyo Stock Exchange (hereinafter referred to as "the timely disclosure regulations").
We also make efforts to proactively disclose helpful information for shareholders and investors, even if the information is not subject to the timely disclosure regulations.

The information disclosure of the JIA Group is managed by the head of the Corporate Administration Division of JIA, and the PR and IR Group of JIA (hereinafter referred to as "the section in charge of information disclosure") serves as a dedicated section. The section in charge of information disclosure gathers and discloses information based on the system described below. Even if a report or an inquiry to the section in charge of information disclosure omitted, we will prevent the omission by closely cooperating with the Corporate Administration Division of JIA, which handles approval procedures before making decisions.

(1) System for collecting information on decisions and events regarding business activities
Each department reports decisions and events regarding business activities to the section in charge of information disclosure.
(2) System for collecting accounting information
The Accounting Department of JIA reports accounting information to the section in charge of information disclosure.
(3) System for collecting information on important items, including decisions and events regarding business activities and accounting of subsidiaries
Subsidiaries report important items, including decisions and events regarding business activities and accounting to the section in charge of information disclosure via the Governance Department of JIA, while following the procedures specified in the regulations for management of affiliated companies.

The JIA Group makes efforts to disclose information swiftly and fairly via the timely disclosure network (TD net), in accordance with the Financial Instruments and Exchange Act and the timely disclosure regulations set by Tokyo Stock Exchange. The information disclosed via TD net will be swiftly uploaded to the page for IR and investor information in the website of JIA.

The JIA Group refrains from answering inquiries about false information, groundless rumors, etc.
If it is judged that the spread of rumors or the like would seriously affect the JIA Group, we will identify the cause as soon as possible and take appropriate measures if necessary.

In order to ensure fair and timely disclosure from the perspective of fair disclosure, the JIA Group shall set the period from the day following the date of the quarterly settlement of accounts to the date of the announcement of the settlement of accounts as a silent period, during which the JIA Group shall refrain from responding to any comments or questions related to the settlement of accounts. However, if there emerges a possibility that actual results will be significantly different from the earnings forecast during the quiet period, we will immediately disclose information as long as it satisfies the criteria for timely disclosure. During the silent period, we will continue to respond to questions regarding information that has already been made public.

Among the disclosed information, statements regarding business forecasts and future projections are based on judgments made in accordance with information available at the time, and include potential risks and uncertainties. Accordingly, actual results may differ from these forecasts due to a variety of factors.
The disclosed information is intended to deepen your understanding of our company and is not intended as a solicitation for investment. Investors are requested to make investment decisions at their own discretion.