Investor Relations

Management Policy

Corporate Governance

IR Activities

COLOPL's Approach to Investor Relations

To COLOPL, shareholders and investors are essential partners and key stakeholders. Investor relations (IR) activities support and ensure the building of good relations between the Company, a stock issuer, and its shareholders and investors. Although IR activities are generally considered to be the provision of information from issuers to shareholders and investors, COLOPL considers the active solicitation of opinions and questions from shareholders and investors and their application in management and business activities are another form of IR activities. The foundation of what COLOPL considers ideal investor relations is described in the definition offered by the Japan Investor Relations Association and the National Investor Relations Institute of the U.S.

Investor relations is a strategic management responsibility that integrates finance, communication, marketing and securities law compliance to enable the most effective two-way communication between a company, the financial community, and other constituencies, which ultimately contributes to a company's securities achieving fair valuation.
National Investor Relations Institute (NIRI)

In other words, the objective of IR activities at COLOPL is "achieving fair valuation of a company's securities." To achieve fair valuation, investors must make appropriate investment decisions. This means that investors forecast a company's business performance and form an impression of what figures for the P/E ratio and other investment indicators are appropriate: that is, investors themselves perform stock valuation. The fundamental principle of equity investment is simple: investors compare their own impression of a stock's value with the market price. In order to give significance to this simple principle, COLOPL intends to continuously provide shareholders and investors sufficient, easy-to-understand information through IR activities. We intend to continue to work diligently to build good relations with our shareholders and investors through IR activities in order to contribute to fair valuation.

Basic Policy on Information Disclosure

The Company discloses information in an accurate, fair, and timely manner in accordance with the Financial Instruments and Exchange Act and other laws and regulations and the Timely Disclosure Rules stipulated by the Tokyo Stock Exchange. The Company endeavors to proactively and fairly disclose information that it deems valuable to shareholders and investors, even if it does not constitute a material fact as stipulated in the Timely Disclosure Rules, through the corporate website and other media.

Information Disclosure Methods

The Company endeavors to expeditiously and fairly disclose information via the Timely Disclosure Network (TDnet) in accordance with the Financial Instruments and Exchange Act and the Timely Disclosure Rules stipulated by the Tokyo Stock Exchange. The Company also promptly posts information disclosed via TDnet in the Investor Relations section of the Company's website. The Company has a policy of proactively disclosing to the extent possible even information not subject to the Timely Disclosure Rules to meet the requests of investors. Please be advised that disclosure of information in the Investor Relations section of the Company's website may be delayed due to technical problems, preparation, or other reasons.

Forward-Looking Statements

The Company may from time to time provide disclosure information and other information concerning business performance forecasts. This information constitutes forward-looking statements reflecting the Company's judgment based on currently available information and includes risks and uncertainties related to economic conditions, market trends, and changes in the tax system or regulatory systems. Accordingly, be advised that business performance publically announced in the future may differ from those in forward-looking statements as a result of these factors. The Company does not endorse any projections regarding the Company's future performance that may be made by third parties.

Information Disclosure Systems

The Company will endeavor to ensure timely, appropriate information disclosure to stakeholders in compliance with laws, regulations, and internal rules with the objective of "Achieving fair valuation of a company's securities" and has developed internal systems to accomplish this. The Company's systems relating to timely disclosure are as described below.

1. System for Timely Disclosure of Decisions and Events (see diagram below)
When a decision or event that may require timely information disclosure occurs, a report is made to the Corporate Department by the department involved with such information. After receiving a report, the Corporate Department judges whether timely disclosure is required. In cases where the Corporate Department deems that timely disclosure is required, it prepares disclosure documents and seeks a decision by the Board of Directors. After a decision to disclose has been made by the Board of Directors, the director in charge of the Corporate Department ensures the timely disclosure of the information in the capacity of officer responsible for information handling.

In addition, when a material decision or event pertaining to a subsidiary that may require timely information disclosure occurs, the subsidiary promptly reports the matter to the Company for timely disclosure.


2. System for Timely Disclosure of Financial Information (see diagram below)
The Corporate Department plays a central role in collecting financial information such as settlement of accounts and dividend information and business performance forecasts (including information pertaining to subsidiaries). When there is financial information that may require timely disclosure, organizations in the Corporate Department (Accounting Department, President's Office, and Administration Department) cooperate in judging whether timely disclosure is required and preparing disclosure documents. After a decision to disclose has been made by the Board of Directors, the director in charge of the Corporate Department ensures the timely disclosure of the information in the capacity of officer responsible for information handling.

In principle, the Company makes its best effort to announce quarterly financial results within one month of the end of each quarter and full-year financial results announcements within 45 days of the end of the fiscal year.


3. System for Managing Timely Disclosure Information
In managing timely disclosure information, the Corporate Department endeavors to prevent insider trading by controlling such information and minimizing the number of people who come in contact with the information. The Company endeavors to ensure that due care is exercised in the handling of important information companywide through routine compliance education.

Information Disclosure Materials

The Company posts the following investor relations materials on the corporate website, of which (b), (c), and (h) are provided in both Japanese and English.
(a)Summary Financial Results
(b)Results briefing presentation materials
(c)Financial data sheets
(d)Important news releases containing timely disclosure information
(e)Report on Corporate Governance
(f)Notice of Convocation of the Annual General Meeting of Shareholders
(g)Annual Securities Report and Quarterly Securities Reports
(h)Shareholder newsletter

Quiet Period

To prevent leaks of financial information and other material information that may affect the Company's share price and ensure fairness, the Company establishes as a "quiet period" a fixed period before each results announcement date during which it refrains from conducting IR activities. (Once the quiet period has been decided, it is posted on the corporate website.) Sales of game applications account for a large portion of the Company's financial results, and the sales ranking of game applications are updated daily as published information at stores. For this reason, the Company frequently receives questions about business performance based on the sales rankings even before and after the end of accounting periods. It is the Company's view that answering such questions, which would enable consideration of quarterly financial results, would be unfair even at the last moment before the end of a financial period. Accordingly, the Company sets a date approximately two weeks before the end of the financial period as the quiet period starting date. This is the reason for the early start of the quiet period compared to other companies. In principle, the company refrains from responding to questions or inquiries or granting interviews during the quiet period. However, the Company discloses in a timely and appropriate manner any event occurring during the quiet period that is subject to timely disclosure.

Status of Investor Relations Activities

The Company endeavors to enhance communication with shareholders and investors through briefings held from time to time and responses to daily inquiries.
・General Meeting of Shareholders
・Acceptance of opinions and questions from shareholders and investors by e-mail
・Regular briefings for analysts and institutional investors
・Earnings conference calls for overseas investors
・Overseas investor relations