Basic Policy on Information Disclosure
Wacoal fully understands that timely and appropriate information disclosure forms the foundation of a trusting relationship between us and all our stakeholders and a prerequisite for a fair and appropriate appraisal of our corporate value; and takes a proactive approach to disclosure while meeting all requirements in the relevant laws.
Basic Policy on Information Disclosure
1. Information subject to disclosure
- Information that must be published and disclosed on the basis of the Companies Act and the Financial Instruments and Exchange Act (i.e. statutory disclosure)
- Information concerning matters of importance for disclosure in accordance with the rules for timely disclosure of the Tokyo Stock Exchange
- Information to be disclosed as derived from statutory disclosure (i.e. Integrated Reports, etc.)
- Information that stakeholders can be expected to find useful in making judgments on investments, transactions, and other such matters.
2. Basic principles for disclosing information
- Important information shall be disclosed in a timely and appropriate manner in line with the facts regardless of whether the information is positive or negative from the perspective of Wacoal.
- The content for disclosure shall be presented in a way that is easy to understand for a variety of stakeholders, and different disclosure methods that ensure fairness and ease of access are to be used.
- In the period until its timely and appropriate disclosure, organizational, human, physical and technological measures shall be taken to prevent the leakage of important information.
3. Information disclosure methods
The information that must be disclosed in accordance with the rules for timely disclosure shall be disclosed via the Tokyo Stock Exchange’s TDnet as per these rules. Information published on TDnet shall also be swiftly published on Wacoal’s website. Any information that is not subject to disclosure under the rules for timely disclosure but can be considered useful in terms of helping stakeholders gain an understanding of the disclosed information and for which disclosure is thus preferable shall be disclosed as fairly and broadly as possible via the Wacoal website and other media. To the extent required, information shall also be disclosed in English.
4. Quiet period
In order to prevent the leakage of unpublished accounting information and ensure fairness, Wacoal shall deem the period from the day after the end of an accounting period until completion of the announcement of financial results to be a quiet period. In this period, Wacoal shall refrain from making comments or answering questions about its accounts and results predictions. However, if, during this period, it is expected that the accounts in question will diverge greatly from the published results forecast, this shall be announced as necessary in accordance with the rules for timely disclosure or Wacoal standards.
5. Protection of personal information
In the disclosure of information, personal information shall be handled in accordance with separately defined internal rules, and efforts shall be made to protect personal information.
6. Results forecasts and future predictions
When disclosing future predictions pertaining to results forecasts and business strategy, Wacoal shall make such disclosures having first given consideration to and alert the fact that such predictions are based on currently available information and certain preconditions deemed to be reasonable, and that the actual results may differ greatly from such future predictions as they entail known and unknown risks and elements of uncertainty.
7. Results forecasts by third parties
As a general rule, Wacoal shall not comment on results forecasts, opinions, or recommendations regarding Wacoal from third parties. However, if such forecasts, opinions, or recommendations entail an obvious misunderstanding, Wacoal may in some cases make an announcement regarding the matter.
8. Handling of unclear information
As a general rule, Wacoal shall not comment on information of unknown origin that is in circulation regarding Wacoal. However, if such information entails an obvious misunderstanding and if it is deemed that there is a significant risk of damage to trust in capital markets, Wacoal shall disclose information as appropriate through TDnet and/or other media.