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VALQUA has established its Disclosure Policy described
below. VALQUA makes efforts to infiltrate the policy into the entire
group and to provide the stockholders and investors with accurate
information in a fair and timely manner. |
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When disclosing information, VALQUA complies with
Securities Exchange Law and "Rules on Timely Disclosure of
Company Information by Issuers of Listed Securities" (referred
to as "Disclosure Rules") laid down by Tokyo Stock Exchange.
VALQUA may disclose such information that is not defined by the
Disclosure Rules as information to be timely disclosed, provided
that VALQUA deems that the information should be disclosed. Disclosure
of the information is made in a fair manner on the Web site or by
any other suitable means. |
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When disclosing information to which the Disclosure
Rules apply, VALQUA publishes such information on the Timely Disclosure
network (TDnet) provided by Tokyo Stock Exchange, in compliance
with the provisions of the Disclosure Rules. Although information
published on the TDnet is posted also on the VALQUA's Web site promptly,
this can be significantly later than the publication on the TDnet
for a reason of the system. It should also be noted that not all
information published on the TDnet is posted on the VALQUA's Web
site. |
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VALQUA makes efforts to increase the accuracy of forecasting
business results and, whenever any change in forecast arises, the
change will be promptly disclosed. It should be noted, however,
that disclosed information is worked out on the basis of data available
at that time, and actual results may differ from the disclosed information,
affected by various factors. VALQUA is not liable for any damages
that may occur on the basis of disclosed information. |
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Although VALQUA defines the period from the date of quarterly, interim or annual settlement to
the date of its announcement as the "quiet period" (self-restraint IR period), VALQUA restrains itself
from making comments or response about the content of settlement, results or forecast of business to particular
stockholders, investors or the press. However, in case any discrepancies exist between the disclosed forecast
of settlement and updated forecast of settlement is found during the mentioned period, VALQUA according to the
Disclosure Rules, discloses the information as revised settlement forecast. |
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