Disclosure Policy

Basic policy on disclosure

ONO's basic policy in IR (investor relations) is to provide our shareholders, investors, community and other stakeholders with information on its management policies, business strategies, and information about its earnings and financing in a clear, fair, and accurate manner. Also, ONO is committed to communicating with them through briefings held as appropriate (presentation of business results to institutional investors and business analysts, R&D meeting and presentation to individual investors), telephone conference or responding to daily inquiries, etc.

Applicable information

ONO discloses corporate information in a timely and proper manner according to legal disclosure requirements based on the Financial Instruments and Exchange Law and other laws and according to timely disclosure requirements based on the Securities Listing Regulations of the Tokyo Stock Exchange. Also, ONO fairly and promptly discloses significant information that may be considered as influential to investment judgment even in cases the information is out of the scope of the legal and timely disclosure requirements.

Methods of disclosure

ONO discloses corporate information required by the timely disclosure regulations through TDnet (Timely Disclosure network) provided by the Tokyo Stock Exchange and also releases the information to the press immediately. The Information that is disclosed through TDnet or by other means is also promptly posted on the Company's website. In addition, ONO discloses other information according to the contents.

Internal system related to disclosure

Regarding the development of timely disclosure system, ONO takes into account our scale, characteristics and risks around us from the point of view of timely disclosure.

1.Determined fact

Regarding the important information, the necessity of disclosure is discussed and resolved at the Board of Directors and the management meeting which is the decision-making body next to this, and after the confirmation and approval of Representative Director, Corporate Communications Department discloses the information quickly and fairly.

2.Occurred fact

Regarding the urgent or voluntarily disclosed information, Corporate Communications Department cooperatively discusses the necessity of disclosure with relevant departments and discloses timely and appropriately after obtaining the approval of Representative Director. In addition, the urgent or voluntarily disclosed information is reported to the other members of the Board of Directors at a later date.

3.Financial Information

Corporate Communications Department is in charge of the disclosure of financial information which is required by the timely disclosure rules in stock exchange.
After discussed and resolved by the Board of Directors and approved by Representative Director, the information is disclosed. Meanwhile, Finance & Accounting Department is in charge of legal disclosure under the Financial Instruments and Exchange Law, and the information is disclosed after the approval of the Representative Director.

Quiet period

ONO observes a quiet period of four weeks prior to a business results announcement date to prevent divulging earnings information and to ensure fairness. During a quiet period, ONO cannot comment on or answer any inquiries about earnings results. However, if any event that arises during a quiet period is subject to timely disclosure and business forecasts have to be revised materially, ONO promptly discloses the information as appropriate. ONO may answer questions on the information that has already been made public even in a quiet period.

Handling of forward-looking information

When ONO discloses business forecasts and future prospects related to business strategies, research and development, etc., ONO discloses them with cautionary statements, giving due consideration to the facts that they are based on the currently available information and certain assumptions judged as rational, which include known or unknown risks and uncertainties, and a number of factors could cause actual results to differ materially from those described in such forward-looking statements.