Capital Markets Seminar “Aggressive and Conservative Disclosure”

Part 1: Panel Discussion
“Aggressive Disclosure – Practical Tips Based on Recent Trends on the Corporate Governance Code”
Panelists:
Mr. Masaki Shizuka (Executive Officer, Tokyo Stock Exchange)
Mr. Scott Callon (Chief Executive Officer,Ichigo Asset Management, Ltd.)
Miyuki Ishiguro, Hiroyuki Ishizuka
Moderator: Atsushi Yamashita

Part 2: Panel Discussion
“Conservative Disclosure – Action Plans for Arising Issues”
Panelists: Takayoshi Tao, Masatsura Kadota
Moderator: Shinichi Araki

Japanese