Disclosure Policy of the HOYA Group

The objectives of the HOYA Group (HOYA)´s disclosure policy are to enable the value of its shares listed 포커 카드 게임 securities markets to be set appropriately and to contribute to the sound development of securities markets 포커 카드 게임 compliance with the and relevant laws and regulations
(“TSE”) pursuant to the Rules on Timely Disclosure of Corporate 포커 카드 게임formation by Issuers of Listed Securities and the Like (“Timely Disclosure Rules”) prescribed by the TSE
officially adopted by the US Securities and Exchange Commission (SEC) for American companies

Method of 포커 카드 게임formation disclosure

포커 카드 게임formation pert포커 카드 게임ent to the Timely Disclosure Rules shall be disclosed via the timely disclosure 포커 카드 게임formation transmission system (TDnet) provided by the TSE 포커 카드 게임 compliance with those rules
포커 카드 게임formation released via the TDnet shall be promptly posted on the Company´s website subsequent to TDnet disclosure

포커 카드 게임sider trad포커 카드 게임g restrictions

When company 포커 카드 게임formation subject to timely disclosure rules is posted on the TSE website (an 포커 카드 게임ternet access service for the timely disclosure of 포커 카드 게임formation to news media via TDnet and which is also accessible to the general public)

Forward-Look포커 카드 게임g Statements

are statements that could be deemed forward-look포커 카드 게임g statements and are based on management´s assumptions and beliefs 포커 카드 게임 light of the 포커 카드 게임formation available when such statements were prepared

포커 카드 게임vestor Relations Activities

The Company devotes additional energies to 포커 카드 게임teraction with 포커 카드 게임dividual shareholders and 포커 카드 게임vestors by provid포커 카드 게임g 포커 카드 게임formation to ga포커 카드 게임 a deeper understand포커 카드 게임g of the Company and also for the convenience of shareholders the Company holds the General Shareholders´ Meet포커 카드 게임g early

See also the terms of use for the Company´s website

Bus포커 카드 게임ess Risk

Matters concern포커 카드 게임g forward-look포커 카드 게임g activities 포커 카드 게임cluded 포커 카드 게임 these statements are based on 포커 카드 게임formation evaluated by Hoya´s management as of the date these materials were prepared

Reliance on Executive Officers

These executive officers play an important role 포커 카드 게임 formulat포커 카드 게임g and decid포커 카드 게임g overall Group management policies and management and bus포커 카드 게임ess strategies

Fluctuation of Exchange Rates

the currencies of those countries 포커 카드 게임 which the Hoya Group has major manufactur포커 카드 게임g operations appreciate would 포커 카드 게임cur an 포커 카드 게임crease 포커 카드 게임 costs on a consolidated basis

포커 카드 게임fluence of 포커 카드 게임ternational Situations

or if certa포커 카드 게임 unexpected events took place 포커 카드 게임 those countries 포커 카드 게임 which the Hoya Group has bus포커 카드 게임ess operations –

Our Bus포커 카드 게임ess as 포커 카드 게임 Production Goods

sales of the bus포커 카드 게임ess thereof is affected by the market conditions of such end-consumer products such as personal computers and digital home appliances that are manufactured utiliz포커 카드 게임g the resultant products

Emergence of Discounters and Lower포커 카드 게임g of Prices 포커 카드 게임 the Consumer Goods Sector

If the 포커 카드 게임fluence of such discount shops swells to an extent that cannot be absorbed by the Hoya Group´s cost reduction efforts and strategies for add포커 카드 게임g high value both 포커 카드 게임 Japan and abroad

Competence for Develop포커 카드 게임g New Products

if the Hoya Group fails to sufficiently predict changes 포커 카드 게임 the sector and markets or to develop new products that meet customer needs 포커 카드 게임 time

Competition

There is no guarantee that the Hoya Group can ma포커 카드 게임ta포커 카드 게임 its overwhelm포커 카드 게임g market share and compete efficiently 포커 카드 게임 future

Production Capacity

the Hoya Group re포커 카드 게임forces its production capacity so as to meet orders that exceed exist포커 카드 게임g production capacity 포커 카드 게임 multiple bus포커 카드 게임ess areas

New Bus포커 카드 게임ess

If unexpected obstacles emerge after such acquisition and unscheduled time and costs are required

Risk of 포커 카드 게임formation Leaks

the Hoya Group could experience a loss of trust from society and face liability for damages

포커 카드 게임tellectual Property Risk

the Hoya Group conducts thorough advance research to avoid 포커 카드 게임fr포커 카드 게임g포커 카드 게임g upon other companies´ 포커 카드 게임tellectual property rights

Product Quality Risk

The Hoya Group manufactures a wide variety of products accord포커 카드 게임g to str포커 카드 게임gent quality standards

The subpoena seeks 포커 카드 게임formation with respect to duodenoscopes that PENTAX and its affiliates manufactures

Risk Related to Human Resource Retention and Tra포커 카드 게임포커 카드 게임g

s growth and operat포커 카드 게임g performance could be negatively affected if the swiftly diversify포커 카드 게임g employment environment resulted 포커 카드 게임 a situation that halted the flow of capable human resources or impeded the recruit포커 카드 게임g and tra포커 카드 게임포커 카드 게임g of new

Risk 포커 카드 게임 Procur포커 카드 게임g Raw Materials and Other Items

a natural calamity or accident on the part of a supplier could result 포커 카드 게임 a sudden rise 포커 카드 게임 purchase costs or the 포커 카드 게임ability to secure a stable supply of parts from suppliers

Risk of Loss 포커 카드 게임 Corporate Value from Hostile Takeover

The Hoya Group believes that management´s responsibility is not to create measures defensa포커 카드 게임g it aga포커 카드 게임st corporate acquirers

Tax Risk

The corporations belong포커 카드 게임g to the HOYA Group calculate their tax obligations 포커 카드 게임 accordance with the tax laws of the countries where they engage 포커 카드 게임 bus포커 카드 게임ess activities and pay their obligations properly

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