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MARUI GROUP Disclosure Policy

Established in May 2016
Revised in May 2017
Revised in May 2018
Revised in August 2019

1. Basic Policy

MARUI GROUP pursues medium-to-long-term improvements in corporate value through constructive exchanges with its stakeholders. To facilitate such exchanges, the Company engages in communication with wide-ranging members of society and seeks to conduct highly transparent corporate activities through timely and appropriate information disclosure.

2. Information Disclosure Standards

Information disclosure is conducted in accordance with the requirements described in the Companies Act, the Financial Instruments and Exchange Act, and other laws and in the regulations of the Tokyo Stock Exchange. MARUI GROUP actively discloses financial and pre-financial information (non-financial information) that has been deemed valuable to stakeholders seeking to deepen their understanding of the Company, even if not necessitated by the aforementioned requirements.

3. Information Disclosure Venues

Information that is legally mandated for disclosure is released through the venue described in the applicable law, and information that must be disclosed in accordance with the timely disclosure regulations of the Tokyo Stock Exchange is made available through the Timely Disclosure Network (TDnet). Information disclosed through these venues is also quickly uploaded to the Company’s corporate website. Other information is disclosed on the corporate website or through other venues that allow for easy access by stakeholders.

4. Enhancement of Investor Relations Activities

MARUI GROUP strives to enhance its investor relations activities in order to foster understanding with regard to its corporate philosophy, business strategies, and performance. Requests for individual meetings by shareholders and other investors are catered to as appropriate and as rationally feasible based on the details of the request and the purpose of the meeting with the Investor Relations Department serving as the primary venue for issuing such requests. The Company will periodically research the distribution of its shareholder base. The findings will be used to enhance communication with shareholders and other investors by utilizing the communication method that is most ideal for each different shareholder or investor type. In communicating with shareholders, the Company will comply with relevant laws and regulations and manage insider information in an appropriate manner. The input gained through such communication is relayed to management and other relevant individuals within the Company so that it can be utilized to pursue further improvements in corporate value.

5. Information Disclosure System

The entities responsible for information disclosure are the Corporate Planning Division, the Investor Relations Department, the General Affairs Department, and the Financial Department. Information regarding the proceedings within the Company and Group companies is reported at meetings of the Board of Directors to facilitate the sharing of information. Information that is deemed necessary for disclosure based on timely disclosure regulations is tracked through coordination between the relevant divisions and the divisions responsible for information disclosure. For decisions made by the Board of Directors that require timely disclosure, the Board of Directors will decide the details, timing, and method of disclosure and the representative responsible for information disclosure will perform the necessary procedures to ensure prompt disclosure. Furthermore, the Public Relations IR Committee, which are composition committee members of compliance promotion meetings chaired by the President and Representative Director, confirms that appropriate information disclosure activities are carried-out in a timely and appropriate manner.In order to ensure fair and consistent disclosure, MARUI GROUP designates the president and representative director, the Chief Financial Officer, the general manager of the Investor Relations Department, the chief manager of the Investor Relations Department and the general manager of the Financial Department as "spokespersons" who regularly interact and communicate with shareholders and other investors on behalf of the company. Meanwhile, to promote active disclosure of pre-financial information, officers or employees other than these spokespersons may from time to time communicate with shareholders and other investors upon approval from a spokesperson.

6. Quiet Period

To prevent the leakage of financial results information and ensure impartial disclosure, the Company observes a quiet period beginning 10 days prior to the final day of each quarter and ending with the announcement of financial results. During this quiet period, the Company refrains from holding individual meetings, answering media questions, and otherwise responding to inquiries. However, even during the quiet period, information on matters requiring disclosure based on timely disclosure regulations will be promptly made available.

7. Third-Party Performance Forecasts

In principle, the Company does not offer any comments in regard to analyst reports and other third-party opinions or performance forecasts. However, the Company may issue statements regarding reports, etc., issued by third parties that contain major factual errors or misrepresentations to identify these errors as such.

*Pre-financial information: Information that has not yet impacted financial information but is still as important as financial information