The status of the company system for the timely disclosure of corporate information of the Kyorin Group is as follows:

Company System for Timely Disclosure of Corporate Information

The Kyorin Group established the “Basic Policy and Principles of Conduct for Information Disclosure” as a basic stance toward the disclosure of corporate information, and strives to achieve the correct, prompt and fair disclosure of the necessary corporate information such as the important corporate information required to ensure timely disclosure in accordance with the Timely Disclosure Rule stipulated in the Financial Instruments and Exchange Act and by the Tokyo Stock Exchange (hereafter, the “Timely Disclosure Rule”) among the decisions determined by the Board of Directors and the Management Committee, events occurring in all divisions and companies of the Kyorin Group and information related to the settlement of accounts.

1. Basic Policy and Principles of Conduct

<Basic Policy>

Based on its corporate philosophy “to cherish life and benefit society by contributing to better health,” we communicate widely with medical professionals, customers, shareholders, investors, employees, business partners and local communities, and we disclose our corporate information actively and fairly.

<Principles of Conduct>

2. Disclosure Information Flow and Information Related to the Company

<Information related to decisions made at meetings of the Board of Directors and management meetings, etc.>

Important matters are decided at regular meetings of the Board of Directors held once a month and Management Committee meetings held twice a month, in principle. In addition, we make decisions more promptly by holding extraordinary meetings of the Board of Directors. We strive to make prompt disclosure, in accordance with the Timely Disclosure Rule, with regard to important matters, after a Corporate Communication director summarizes the plans for disclosure, makes adjustments with the relevant departments, proposes the plans to the president and the president approves them. In addition, with regard to important matters, the internal information is managed by a General Affairs & Human Resources director who is in charge of information handling, and we strive to prevent insider trading.

<Information related to events recognized by each department>

If material events occur, a report is made to the Board of Directors and the executive officers as soon as possible by the department that has recognized that the events have occurred. In accordance with the Timely Disclosure Rule, the following information disclosure is discussed with a Corporate Communication director, who plays a central role, as to whether or not disclosure is required. In addition, if disclosure is required, we strive to disclose the information promptly after a Corporate Communication director summarizes the plans for disclosure, coordinates with the relevant departments, proposes the plans to the president and the president approves them.

<Information related to financial statements>

After the executive officers of Finance & Accounting sanction the financial statements, etc. that form the basis of the disclosure of information about account settlements, they are submitted to the president and a decision is made based on the approval of the Board of Directors. With regard to the disclosure of information, we strive to disclose it promptly after a Corporate Communication director summarizes the plans for disclosure, and the president and board of directors approve them.