This section explains the basic concept of our information disclosure and how we implement disclosure.
Basic Concept of Information Disclosure
Park24 fully recognizes that the timely and appropriate disclosure of corporate information to investors forms the foundation of sound financial instruments markets. Consequently, the Company takes seriously the provision of company information to investors, taking steps such as improving its internal system to ensure prompt, accurate, and impartial disclosure of company information always from the perspective of investors.
Criteria for Information Disclosure
We will disclose information in accordance with applicable laws and regulations, including the Financial Instruments and Exchange Act, and the Rules on Timely Disclosure of Corporate Information by Issuers of Listed Securities (hereinafter referred to as the "Timely Disclosure Rules") of the Tokyo Stock Exchange, on which Park24 lists its stock. We will also disclose in a timely and fair manner, and to the extent possible, information on our decisions, issues that have arisen, and operating results that may influence the investment decisions of our shareholders and investors, even if it is outside the purview of the laws and regulations and the Timely Disclosure Rules.
Information Disclosure Methods
For information that come under the disclosure standards of the Timely Disclosure Rules and information that may influence the investment decisions of our shareholders and investors, we make disclosures via the Tokyo Stock Exchange’s information disclosure system (TDnet). We will also publish the information disclosed via TDnet on our website as quickly as possible. For information other than the above, we also give serious consideration to impartial and fair disclosure to our shareholders and investors, whenever the information is deemed useful in understanding Park24.
Information Disclosure System
We have adopted a quiet period, which runs from the day starting two weeks before the announcement of our operating results until the release of the corresponding financial report. During the quiet period, we will refrain from commenting on or answering questions about our operating results. However, if material revisions to our results forecasts become likely during the quiet period, we will, in principle, disclose information in accordance with the Timely Disclosure Rules. Even during the quiet period, we will respond to inquiries about information that has already been disclosed. Please understand that the quiet period is based on our internal rules to prevent information about our operating results from leaking and to ensure fair disclosure.