SHOWA CORPORATION

Exemptions

This website provides settlement of accounts and other information for the purpose of timely and appropriate disclosure of information for our stockholders and investors. Along with other types of information, earnings estimates are made by the management based on information available at the time of the announcement and therefore involve risks and uncertainty. It is strongly advisable not to make investment decisions based solely on these forecasts. Please be advised that actual earnings may largely differ from forecasts depending on various important factors surrounding the operations of the company, including economy, market trends, and exchange rates of the Japanese yen, the US dollar, the Euro, and other currencies.

Please also be advised that the company will bear no responsibilities for errors in the listed information, falsification of data by third parties, or impediments and losses caused by data downloading, and so on, although the company makes every effort to pay due attention to the content of this website.