Disclosure Policy

Cloud Works Co., Ltd. (hereinafter referred to as “The Company") will strive to continually provide prompt information to shareholders and investors with transparency and fairness. In addition to disclosing information as required by the Financial Instruments and Exchange Act and the Timely Disclosure Rules established by the Tokyo Stock Exchange, The Company will also strive to disclose information deemed useful in understanding its activities in a timely and proactive manner.

Disclosure Methods

Information that falls under the timely disclosure rules will be disclosed through the Timely Disclosure Network (TDnet) provided by the Tokyo Stock Exchange, as required by said rules. Information disclosed will generally be promptly posted on The Company's IR website. In addition, in keeping with the purpose of the Timely Disclosure Rules, The Company will strive to ensure that information that is not covered by the aforementioned regulations is also accurately and fairly distributed and disclosed to investors through the IR web page. Please be aware that there are occasional delays in the online IR disclosure process due to problems in the system or the preparations for the postings.

About Quiet Periods

For the purpose of preventing financial information (including quarterly financial information) leaks, and to ensure fairness in the information disclosure process, The Company has designated a quiet period prior to the announcement of each financial statement. The quiet periods for each quarter will be announced on The Company's IR web page by the end of each fiscal year. During this period, we will refrain from responding to questions or commenting on our financial results and forecasts. However, in the event that, during this period, there is a significant change in the our revenue forecasts, The Company will conduct appropriate announcements in accordance with the Timely Disclosure Rules.

Regarding the Spread of Rumors

The Company will not response to inquiries regarding rumors. However, if is deemed that there is a risk of serious damage to The Company due to said rumors, The Company will take expedient action to identify the cause and take appropriate countermeasures as necessary.