Code of Conduct for Investor Relations Officers (IROs)

  • IROs are required to professionally and honestly perform their duties in accordance with the relevant regulations, and are not permitted to use the Company's interests for personal gain.
  • IROs are required to maintain the confidentiality of the company's proprietary information and are forbidden from disclosing data to anyone else until it has been made available to the general public.
  • IROs must disclose accurate, adequate, and fair information to shareholders, investors, securities analysts, financial institutions, government authorities, media, company personnel, and all stakeholders in a timely manner, except for the needs of the business (i.e., providing information to credit rating agencies and auditors, etc.). However, the communication activities and modes may vary on an appropriate occasion. Additionally, IROs must not provide negative views or defamatory information regarding peers or stakeholders.
  • Executives or IROs are prohibited from trading the company and subsidiaries' stocks directly or indirectly (i.e., nominee etc.) during the period of one month before the quarterly and annual announcement date.
  • IROs must not disclose information related to financial performance during the period of one month (Quiet Period) before the quarterly and annual announcement date. This also includes no meeting appointments or answering any questions related to the financial performance to shareholders, investors, securities analysts, financial institutions, government authorities, the media, and all stakeholders.
  • IROs must obtain expertise to better their work compatible with good corporate governance.