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Mar. 18, 2020 TSE Risk disclosures regarding the impact of Coronavirus (COVID-19) on business activities


Tokyo Stock Exchange Inc. (“TSE”) has notified listed companies about handling of timely disclosure of the effects of the novel coronavirus on business as follows.

The recent emergence and spread of the Coronavirus (COVID-19) has affected economic activity on a global scale, and TSE understands that many companies have recognized it as a significant risk in their business operations.

On the other hand, domestic and foreign shareholders and investors are closely watching the effects of the Coronavirus (COVID-19) on the business performance and business operations of listed companies, and expect listed companies to provide meaningful and substantial information proactively.

Although the outbreak is still continuing and it is difficult to forecast the outlook, we ask that you give due consideration to timely and appropriate disclosure to shareholders and investors, such as carefully considering disclosure of the risk information related to the Coronavirus (COVID-19) on the attachments to the financial report and quarterly financial report, prior to submission of securities reports.

Additionally, today TSE published the "Overview of TSE Disclosure & Listing Rule Policy in Response to the Spread of Coronavirus (COVID-19)," please refer to the below link.

DISCLAIMER: This translation may be used for reference purposes only. This English version is not an official translation of the original Japanese version. In cases where any differences occur between the English version and the original Japanese version, the Japanese version shall prevail. This translation is subject to change without notice. Tokyo Stock Exchange, Inc. shall accept no responsibility or liability for damage or loss caused by any error, inaccuracy, misunderstanding, or changes with regard to this translation.


Tokyo Stock Exchange, Inc. Corporate Disclosure Office, Listing Department