Disclosure Policy

From a perspective of enhanced management transparency through disclosure, TIS provides to shareholders and investors pertinent information that could influence investment decisions about the Company, including information conforming to Timely Disclosure Rules set by the Tokyo Stock Exchange. The Company channels this information expeditiously through stock exchanges and makes it available for viewing on its own website.

  1. Methods of Disclosure

    In accordance with the Securities and Exchange Law and Timely Disclosure Rules set by the Tokyo Stock Exchange, TIS quickly enters other pertinent information into the Timely Disclosure Network (TDnet) of the Tokyo Stock Exchange.
    The Company quickly posts disclosed information on its website, as well, to ensure timely and fair disclosure, and vigorously complements disclosed information with data that is not necessarily required but that which may facilitate a greater understanding of the Company's activities and its strategies.
    However, it is possible that information might become available to shareholders and investors viewing the Company's website before such information appears on TDnet. If shareholders or investors become aware of information ahead of its availability through TDnet and trade the Company's shares within 12 hours of the information becoming available on that system, they may be regarded as "primary information receivers" having violated the 12-hour rule for public announcements governed by insider trading regulations under the Securities and Exchange Law of Japan. The Company therefore includes an explicitly worded noted to alert website users of the material information risk.

  2. Quiet Period

    The Company maintains a quiet period immediately preceding the announcement of financial statements. Please understand that the Company refrains from commenting on or answering questions about the settlement of accounts during this period so as to prevent improper disclosure of information that might affect stock price while materials for announcement of financial statements are being prepared.
    However, if, during the quiet period, the Company realizes that fiscal results may deviate significantly from the performance estimates already announced, then the Company will disclose information in an appropriate manner.