Disclosure Policy

Information Disclosure Standards

Jowa Holdings Company, Limited, (the Company) discloses information in compliance with Japan's Financial Instrument and Exchange Act, other applicable laws, and the Tokyo Stock Exchange's Rules of Timely Disclosure of Corporate Information by Issuers of Listed Securities (the “Timely Disclosure Rules”). The Company endeavors to proactively, fairly, and expeditiously disclose even information outside of the purview of the Timely Disclosure Rules when it deems disclosure of such information to be in the interests of shareholders and investors.

Information Disclosure Methods

When disclosing information pursuant to the Timely Disclosure Rules, the Company publishes the information via the Tokyo Stock Exchange's Timely Disclosure System (TDnet) in accord with the Timely Disclosure Rules. After doing so, the Company promptly publishes the information on the “IR Information” page of its website (the “Company Website”).

Quiet Periods

To prevent leaks of financial results and ensure financial results' fair disclosure, the Company observes a “quiet period” from the last day of each accounting period until the date it publicly reports its financial results for that accounting period. During quiet periods, the Company refrains from commenting on and answering questions about its financial results. However, if during a quiet period the Company learns that its financial results likely deviated from its initial forecast by a materially larger margin than previously disclosed, the Company will, as appropriate, make a disclosure to that effect in accord with the Timely Disclosure Rules.

* Users who obtain information from the Company Website are advised to read not only Disclosure Policy but also the disclaimers and other advisories posted elsewhere on the site.