Disclosure Policy

Nissha Printing Co., Ltd (the "Company" below) discloses corporate information in order to promote understanding of the Company among shareholders and investors and have people evaluate the corporate value of the Company appropriately. The disclosure of corporate information is carried out on a timely basis and promptly, and in consideration of accuracy, fairness and continuity. In addition, disclosure serves to increase corporate value through the return of shareholder and investor assessments of the information disclosed.

The Company discloses information in accordance with related laws such as the Securities and Transaction Law and the "Rules on Timely Disclosure of Corporate Information by Issuer of Listed Security and the Like" ("Rules on Timely Disclosure" below) stipulated by the Tokyo Stock Exchange. In addition, if the Company judges that information the company is not duty bound to disclose in light of the criteria found in the Rules on Timely Disclosure will be beneficial to shareholders and investors, the Company will disclose the information voluntarily and positively.

The disclosure of information subject to the Rules on Timely Disclosure will be conducted through the Timely Disclosure Network (TDnet) provided by the Tokyo Stock Exchange and through media organizations. The information in question will be published on the Company's website promptly after disclosures. Also, the Company will provide any information that is considered to be useful in the promotion of understanding of the Company in a timely fashion through media organizations and the Company's website.

The performance targets, plans, outlooks, strategies and other information that is not constituted of actual facts of the past and that the company discloses, is information that has been judged reasonable by the managers of the Company based on the information available at the time of its creation and contains elements of risk and uncertainty. Actual business results may differ greatly depending on various factors such as economic trends, market demand, and fluctuations in exchange rates.

The Company makes the period from the day following the closure of the settlement period to the day of announcement of the settlement a period of silence in order to prevent the leakage of settlement (interim and full-term) information and to ensure fairness. During this period, the Company refrains from comments and answers to inquiries concerning settlement and results forecasts. During this period, the Company will respond to inquiries concerning information, etc, that has already been disclosed.