Disclosure Policy

1. Basic Policy for Information Disclosure

PIALA Group discloses information based on laws and regulations related to disclosures in the Companies Act, the Financial Instruments and Exchange Act, and the Securities Listing Regulations of the Tokyo Stock Exchange. In addition, even if it does not fall under any of these categories, we also disclose important or valuable information to deepen people’s understanding of PIALA.

2. Method of Information Disclosure

Information disclosure under the Securities Listing Regulations is made through the Timely Information Disclosure System (TDnet) provided by the TSE, and the information will also be posted on our website promptly after disclosure. Information other than the above will be disclosed by press release distribution or posting on our website as appropriate, depending on its importance.

3. Silent Period

To prevent the leakage of accounting information and ensure fairness, PIALA Group sets the period between the day following the closing date of each quarter and the time of the announcement of financial results as the silent period, during which we do not provide comment or answer any questions regarding the financial results except for information related to information that has already been made public. However, if it is found that the financial results will differ greatly from performance forecasts that have been made public, we will disclose information as appropriate on laws and regulations related to disclosures even during the silent period.

4. Future Outlook

Among the disclosed information, information related to future outlook including performance forecast is determined based on obtainable information at the time of disclosure and includes risks and uncertain factors. Actual results may differ considerably due to various factors.