Policy

Sumitomo Forestry aims to ensure an appropriate market evaluation of its corporate value through the timely, transparent and ongoing provision of information needed by investors for decision-making purposes. We likewise aim to improve our earnings performance by ensuring that all employees are familiar with the market opinions and trends that underpin management decision-making through establishing relations of trust with capital markets through a sincere approach and proactive public relations activities.

＜Approach to Disclosure＞

• To heighten management transparency and meet corporate social responsibility standards, we not only proactively ensure prompt and fair disclosure under laws and regulations such as Japan's Companies Act and the Financial Instruments and Exchange Law, but also release other information that we judge to be of concern to shareholders and investors as a matter of public interest.
• We are committed to raising management standards by ensuring the information and opinions we collate through stakeholder relations activities, including dialogue with capital markets, are reflected in our management decision-making.

Disclaimer

• This website has been created to deepen understanding of our corporate activities on the part of all our shareholders and investors. It is not intended to serve as a platform for purchase, sale or other transactions involving the Company's stock, or for investment solicitation.
• Targets and numerical forecasts carried on this website reflect information available at the time of compilation, and actual performance results may differ substantially from forecasts for the various reasons.
• The Company takes every possible measure to ensure the accuracy of the content of this website, but takes no responsibility whatsoever for errors in the content or problems arising from download issues. The Company likewise offers no guarantee whatsoever regarding information contained in the websites to which this website has links.

U.S. Disclaimer - Unsponsored ADR (American Depository Receipt)

U.S. Securities Exchange Act Rule 12g3-2(b) allows depository institutions or banks to establish American Depositary Receipt ("ADR") programs without the participation of a non-U.S. issuer (a so called "Unsponsored ADR"). An ADR is a negotiable receipt, similar to a stock certificate, which is issued by a U.S. bank or depository to evidence an ordinary share of a non-U.S. issuer that has been deposited with the U.S. bank or depository. ADRs permit a U.S. investor to purchase in the U.S. market an interest in a non-U.S.

issuer's securities. An ADR program which is unsponsored is set up without the non-U.S. issuer's cooperation or even its consent. Sumitomo Forestry Co., Ltd. (the "Company") does not support, encourage or otherwise consent to the creation of any Unsponsored ADR programs in respect of the Company's securities, and in any event, to the maximum extent permitted by applicable law, disclaims any liability in connection with an Unsponsored ADR representing the Company's securities. The Company does not represent to any depository institution, bank, ADR holder or any other person, nor should any such entity or individual rely on a belief, that the website of the Company includes all published information in English, currently, and on an ongoing basis, required to claim an exemption under U.S. Securities Exchange Act Rule 12g3-2(b).