Disclosure Policy
Basic disclosure policy
FREUND positions the transparency of management as an important responsibility in order to be a company that can be a trusted member of society. To maintain this transparency, we always disclose information about the company in a manner that is fair and timely from the standpoint of all stakeholders.
Standard for disclosure
FREUND discloses information in compliance with the Companies Act, Financial Instruments and Exchange Act, and other applicable laws and regulations. Disclosure also complies with the timely disclosure rules of securities exchanges where the company’s stock is traded.
In addition, FREUND discloses information that is not covered by these laws and regulations and exchange rules in cases where the information is believed to be necessary for investment decisions.
Disclosure methods
FREUND discloses information by using the Timely Disclosure network (TDnet) of the Tokyo Stock Exchange. To ensure the timeliness and fairness of information announced using TDnet, this information is posted promptly on FREUND’s website.
In addition, press releases and other information are promptly posted on FREUND’s website and made available in other ways to ensure disclosure fairness and speed. Furthermore, information in Japanese is supplied in English as much as possible to make information available to a large number of stakeholders.
Prevention of insider trading
For the prevention of insider trading, FREUND’s internal rules include provisions concerning basic items that must be observed regarding the proper management of internal information, FREUND stock transactions and other matters. There are also activities for ensuring that FREUND personnel understand insider trading restrictions and for overseeing stock and other transactions.
Silent period
To prevent leaks of information about earnings announcements, as well as to comply with laws and regulations and ensure the fairness of these announcements, FREUND has a “silent period” that begins on the day following the end of each fiscal year quarter and ends on the day of the earnings announcement for that quarter. FREUND will not reply to any questions concerning results of operations during this period. However, in the event of the possibility that results of operations will differ significantly from the forecast, FREUND may disclose this information in accordance with timely disclosure rules.
Forward-looking statements
Information disclosed by FREUND may contain information about the future other than sales and earnings forecasts, such as information about strategies and business plans. This information is based on the decisions of management by using information that was available at that time. As a result, actual performance may differ significantly from forward-looking statements due to changes in the economy and market conditions and other reasons.