DISCO (6146.T) Investor Relations Meeting Application Terms and Conditions

DISCO Corporation (hereinafter referred to as “the Company”) conducts and responds to IR meetings primarily for the purpose of constructive dialogue based on the Stewardship Code and Corporate Governance Code. These Application Terms and Conditions (hereinafter referred to as “these Terms and Conditions”) set forth the conditions and other matters applicable when applying for a meeting.


  • ✓ The order in which applications are received does not affect priority in meeting scheduling.
  • ✓ Applications are accepted via the application form on our website.
  • ✓ By applying for a meeting, you are deemed to have reviewed and agreed to these terms and conditions.


1.Application Requirements

To apply for an individual meeting, you must meet one of the following conditions.

  • Entities registered in Japan for investment management services or similar activities, or entities registered with overseas regulatory authorities and continuously engaged in fund management (hereinafter referred to as “Institutional Investors”)
  • Corporations or institutional investors that have adopted the Stewardship Code
  • Corporations registered as Type I Financial Instruments Firms under the Financial Instruments and Exchange Act, or corporations registered with overseas regulatory authorities or having undergone equivalent procedures, and which exclusively prepare and provide research materials concerning investment information to institutional investors and others (so-called “Sell-side Analysts”)

Applications submitted on behalf of another party shall be limited to those originating from a Type I Financial Instruments Business Operator providing brokerage services to institutional investors, or a foreign brokerage firm equivalent thereto (hereinafter referred to as the “Brokerage Firm”).
The authority to coordinate meetings at specific dates and times designated by our company shall be entrusted to the securities companybrokerage firm. However, the conditions stipulated in these Terms shall apply to participants in individual meetings.
(Example: If our company allocates meeting slots to a brokerage firm, participants in individual meetings shall present their meeting code, stock holding status, etc., based on these Terms.)

Please confirm that meeting participants meet the above conditions.


2.How to Apply

  • Please apply via the request form on our website.
  • We do not accept applications via email or phone.
  • When applying, be sure to select a ‘Meeting Code’ and review ‘6. Important Notes for Meetings’.
  • To change your application details, please resubmit the form with the updated information.
  • To cancel your application, reply to the application confirmation email stating your cancellation request.
  • Applications for meetings scheduled more than three months in advance may be postponed pending scheduling adjustments.

3.Meeting Code

To conduct more constructive and efficient dialogues with institutional investors, our company has introduced the following “Meeting Code.”


Background and Purpose of Introduction

  • ✓ Compliance with the Stewardship Code / Corporate Governance Code
  • ✓ Clarification of dialogue objectives and optimal allocation of time resources
  • ✓ Ensuring thorough fair disclosure

The Meeting Code serves as a framework to connect dialogue to “capital cost and share price-conscious management,” taking into account both institutional investors' fiduciary responsibilities and stewardship, as well as our company's management responsibilities and governance.
Furthermore, by coding meeting topics (e.g., quarterly results, market outlook, long-term strategy, corporate culture), we align expectations in advance and focus limited time on high-value discussions. We also define the scope of information covered per code to comply with disclosure regulations such as Fair Disclosure Rules. This approach maintains fairness toward all investors while enhancing credibility in the capital markets through explanations delivered at the necessary depth.

To establish a shared understanding of the purpose and progress of the dialogue, a meeting code will be specified in advance at the time of application and set for each meeting.
The meeting code is as follows:


Topics Covered in the Meeting Code (★★★ = In depth / primary focus, ★★ = Covered, - = Not covered)

Introductory 1-on-1
(I-1)
Market and Earnings
Insights 1-on-1
(MEI-1)
Long-Term Value
Insights 1-on-1
(LTVI-1)
Business Model ★★★ ★★ ★★
Current Market &
Earnings
- ★★★ -
Corporate Culture &
Governance
★★ - ★★★
Recommended Attendees Analysts (first-time) /
Generalist Investors
Sector Specialists/
Cross-sector Analysts
Long-term Shareholders /
Responsible Investment Officers

We will also establish a code of conduct consistent with the above for group meetings.


Regarding the analysis of market trends and performance outlooks, responses will be based on the outlook provided at the time of the earnings announcement. We will not update our market assessments during the fiscal period, nor will we alter responses or comments based on the timing of meetings (except for matters requiring Timely Disclosure).


4.Meeting Arrangement Policy

We prioritize fairness in allocating individual meeting opportunities and will coordinate based on a comprehensive assessment of the following factors:

  • Your preferred meeting code
  • Overview of institutional investors based on publicly available information
  • Time zone differences and travel schedules
  • Whether it is an initial meeting
  • Engagement history
  • Other relevant background information or circumstances

Note: The order of applications does not affect arrangement priority. As a result of coordination, we may offer a group meeting as an alternative to an individual meeting. Furthermore, if you do not agree to these terms, we will offer opportunities such as group meetings instead of individual meetings.


For details on our proactive engagement with investors, please refer to this page.
“To Investors Considering Purchasing DISCO Shares: Action to Implement Management that is Conscious of Cost of Capital and Stock Price”
https://www.disco.co.jp/eg/ir/mginfo/msg_share.html


5.Prohibited Acts

The following actions are prohibited when applying:

  • Multiple applications submitted within a short term by multiple teams within the same corporation or group (*)
  • Inputting or registering false information or content that may cause misunderstanding
  • Any other acts violating these Terms

(*) Generally determined based on entities subject to the obligation to submit large shareholding reports (Article 27-23 of the Financial Instruments and Exchange Act), but will be judged considering operational structures, etc. Applications confirmed to violate these rules will be individually declined.


6.Points to Note During Meetings

  • We cannot answer questions that could infer specific companies' production secrets, such as manufacturing processes, production capacity, inquiries/investment trends, equipment specifications, or throughput.
  • Our market outlook is based on forecasts provided at earnings announcements. We do not update market outlooks during the fiscal period, nor do we change answers or comments based on meeting timing (except for Timely Disclosure points).
  • Please refrain from unauthorized recording, audio recording, or using AI note-takers. If you plan to use such tools, please confirm your environment and settings beforehand. If automatic recording occurs, you must submit a written request in advance clearly stating the scope of use, the person responsible for information handling, and contact details.

7.Regarding the information you provide during meetings

In the Third Revised Edition of the Stewardship Code published by the Financial Services Agency on June 26, 2025, Guideline 4-2 clarifies that “institutional investors shall explain their holdings of shares in investee companies upon request from those companies and shall disclose their policy for responding to such requests in advance.”
Source: Financial Services Agency website “Confirmation of the Stewardship Code (Third Revised Edition)”
https://www.fsa.go.jp/en/refer/councils/stewardship/20250626.html


Based on the revised Stewardship Code, we are inquiring about your holdings of DISCO shares during individual meetings. Please provide the following information:

  1. A) Current number of shares held and balance (*)
  2. B) Trend in the number of shares held and balance over the past 3 to 5 years
  3. C) Contact information for inquiries regarding your response (department, name, contact details) or the URL of the website where your policy based on the Stewardship Code is published
  4. D) If you do not accept the Stewardship Code, please be sure to provide information on your voting practices.

(*) If you have submitted a Large Shareholding Report (including if you submitted a Change Report within the last 6 months), “A) Current number of shares held and balance” is not required.


Information provided regarding your holdings of DISCO shares will be used solely within our company and will not be shared with any parties outside DISCO.


If you have not adopted the Stewardship Code, please provide your investment policy, voting policy, engagement policy, etc., during individual meetings.


The information received will be utilized for future communications related to voting rights, understanding shareholder and investor trends, and assessing the situation, aiming to enhance the quality of dialogue.


8.Handling of Personal Information

Information provided in meeting requests will be handled in accordance with our company's privacy policy. For requests originating within the EU, we comply with the GDPR. For requests from other overseas regions, we also take into account the applicable personal information protection laws and regulations of each country or region.


9.Revision of Terms and Conditions and Language

These Terms may be revised without prior notice at our discretion.
Where an English translation is provided, the Japanese text (original text) shall prevail. The latest version will be posted on our website.




Supplementary FAQ Regarding Meeting Application Terms


Q1. If we do not accept the Stewardship Code, can we still apply for an individual meeting?

A1. No, applications are possible.
While the terms cite “institutional investors who accept the Stewardship Code” as an example condition, applications are possible even if you do not accept it. Please present your voting policy and track record during the individual meeting.


Q2. Can only brokerage firms submit proxy applications?

A2. As a general rule, proxy applications are limited to brokerage firms (Type I Financial Instruments Firms or equivalent foreign brokerage firms) to verify the affiliation of meeting participants. Even if a quota is deposited with a brokerage firm, the actual participating investor must meet the conditions set forth in these terms, and we will verify the investor's information.


Q3. Will we receive no updates on market outlook during the fiscal period?

A3. As stated in the regulations, our market outlook is based on the forecast at the time of earnings announcements. This is to ensure fair disclosure; we do not provide updated market outlooks during the period.
However, we will disclose any material information as it arises.


Q4. Why does application order not affect priority?

A4. To allocate individual meeting opportunities constructively and fairly, we consider factors such as your preferred meeting code, investor attributes, meeting history, and stay schedule comprehensively, rather than application order.
We state that order does not affect allocation to clarify that we do not operate on a first-come, first-served basis.


Q5. What timeframe does “prohibition of multiple applications from the same corporation/group” refer to?

A5. We do not mechanically define specific days or months for “short-term.” The intent is to prevent excessive individual attention to the same corporation/group in practice and ensure fairness in meeting opportunities. Regular quarterly applications, for example, are acceptable. Even when we deposit quotas with brokerage firms, we may withhold responses if multiple applications are confirmed. Decisions are made flexibly, considering operational systems and application status.


Q6. Is it mandatory to provide stock holding history for the past 3 to 5 years?

A6. No, it is not mandatory.
The “shareholding trends for the most recent 3 to 5 years” mentioned in the regulations is reference information we request you provide to the extent possible. If providing this is difficult, it is sufficient to present your current investment and shareholding policies, based on your most recent balance and the URL of your publicly disclosed policy under the Stewardship Code.
If you have recently submitted a Large Shareholder Report, some information may be unnecessary.


Q7. Are recording, video recording, and AI note-takers completely prohibited?

A7. Unauthorized recording or video recording is generally prohibited. However, if automated recording functions must operate for unavoidable business reasons, adjustments are possible by clearly specifying the scope of use and the responsible party in advance.
This does not mean “permission is granted upon declaration.” The principle remains prohibition, but it allows for compliant, transparent handling.



DISCO CORPORATION
September 2025


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