Kirin Holdings (henceforth the "Company") endeavors to ensure transparency, fairness and continuity in disclosing information to shareholders and investors on a timely basis.
In order to ensure transparency and fairness of information disclosure, the Company will be thorough in implementing its system for managing important information (henceforth "Important Information"), will provide information in English, and will establish a "quiet period" as outlined below.
The Company discloses information in a manner and scope that complies with applicable laws and regulations, including the Financial Instruments and Exchange Act of Japan and the Securities Listing Regulations enforced by the Tokyo Stock Exchange. In addition, as necessary and upon deliberation by the Group Information Disclosure Committee, the Company makes available other information that it believes to be effective in ensuring a better understanding of the Group, and, in particular, the Company proactively and promptly provides financial and non-financial information concerning the improvement of corporate value over the medium to long term.
The Company discloses significant corporate information as specified in the rules for timely disclosure of corporate information by the Tokyo Stock Exchange via the Timely Disclosure Network (TDnet) operated by the exchange after delivering an advance briefing to it.
Immediately following the disclosure via TDnet, the Company provides the same information for the news media and post it to the Company's web site.
Statements made on the Company's web site with respect to the Group's current plans, estimates, strategies and beliefs and those of its affiliated companies that are not historical facts are forward-looking statements about the future performance of the Group. These statements are based on management's assumptions and beliefs in light of the information available at the time of the statements.
Actual results may differ materially from those discussed in the forward-looking statements due to a variety of risks and uncertainties as well as economic conditions.
The Company does not disclose information on the business performance over any undisclosed fiscal period (quarterly/full-year), regardless of the nature of the information (i.e. quantitative or qualitative) and the method of disclosure (i.e. oral, written, or electronic).
If, exceptionally, there is any information to disclose, the Company places it on the Company's web site and answers questions, etc., within the scope of the disclosed information only.
The Company has a "quiet period" that extends from the day following the end of a fiscal period to the day of an earnings announcement for that fiscal period to maintain transparency and fairness of information disclosure as well as to ensure that any information leaks on the business performance over an undisclosed fiscal period are prevented.
During this quiet period, the Company does not respond to requests for meetings, etc. from investors or any other source.
However, even during the quiet period, the Company answers questions, etc. about information which has already been disclosed and made public/known.
© 2007 Kirin Holdings Company, Limited.