Disclosure Policy

Link and Motivation Inc. (“the Company”) conducts investor relations (IR) according to a fundamental policy of providing fair, accurate and easily comprehensible information on management policies, operating strategies and financial information to shareholders, investors and all stakeholders. The Company also proactively discloses information regarding its motivational level.

1. Fundamental Policy for Disclosing Information

The Company discloses information in a timely, appropriate manner as prescribed by relevant regulations including the Financial Instruments and Exchange Act and Tokyo Stock Exchange, Inc.’s timely disclosure rules. In addition, the Company works to give all market participants equal access to critical information that may affect investment decisions.

The Company also works to meet the demands of shareholders, investors and securities analysts for information not subject to timely disclosure rules under a basic policy of broadly, fairly and quickly disseminating information.

2. Information Disclosure Methods

The Company disseminates important information subject to Tokyo Stock Exchange, Inc.’s timely disclosure rules through information media and the Tokyo Stock Exchange’sTimely Disclosure Network (TDnet).The Company also promptly disseminates information via its website.

In addition, the Company uses its website and other media channels to disseminate information not subject to timely disclosure rules to ensure fair, accurate and timely disclosure of information.

3. Voluntarily Disclosed Information

The Company presents earnings forecasts when it discloses financial results, and also provides projections of future performance. Moreover, the Company widely and promptly disseminates important information that may influence the investment decisions of shareholders and investors. Moreover, within regulatory limits, the Company answers questions from outside regarding the information it discloses in a fair and timely manner. The Company also proactively discloses information it deems useful for investment decisions but that is not subject to timely disclosure rules.

4. Expanded Communication

The Company holds explanatory meetings when appropriate and answers questions it receives on a daily basis in proactively enhancing direct communication with shareholders and investors.

The Company uses shareholder and investor requests and feedback internally as reference for management and widely disseminates that information through the Group, which serves to support improvement in services and performance.

5. Quiet Period

The Company works to prevent leakage of performance data and secure fairness by observing a quiet period of approximately three weeks prior to announcements of results. During this period, the Company does not comment on or respond to questions about its results, and refrains from holding individual or group meetings. However, the Company does make timely public announcements as per timely disclosure rules should material events occur during this quiet period.

Management Policies and Strategies