Maintaining and Screening Partner-Site Quality

「AccessTrade conducts pre-registration and ongoing reviews of partner sites, and has introduced a placement inventory management system and tools to combat ad fraud, among other measures, to ensure the quality of advertising placements.」

「During the second quarter of the current consolidated cumulative period, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」

「During the first quarter of the current consolidated fiscal year, there were no new business or other risks, and no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」

「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」

「During the second quarter of the current consolidated cumulative period, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」

「During the cumulative first quarter of the current consolidated fiscal year, there were no new business or other risks, nor any material changes to the business and other risks described in the securities report for the previous fiscal year.」

「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」

「During the cumulative first quarter of the current consolidated fiscal year, there were no new business or other risks, nor any material changes to the business and other risks described in the securities report for the previous fiscal year.」

「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」

「The Group also works to maintain partner-site quality by regularly monitoring compliance with the partner terms and site operations after registration.」

「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」

「During the second quarter of the current consolidated cumulative period, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」

「During the cumulative first quarter of the current consolidated fiscal year, there were no new business or other risks, nor any material changes to the business and other risks described in the securities report for the previous fiscal year.」

「For the Group’s affiliate services, merchants review partner sites in advance when entering into partnerships. When a partner site registers for the affiliate service, the Group conducts a screening to determine whether the site violates public order and morality or may contravene laws such as the Act on Securing Quality, Efficacy and Safety of Products Including Pharmaceuticals and Medical Devices, the Act against Unjustifiable Premiums and Misleading Representations, the Health Promotion Act and the Medical Care Act, or related guidelines. After registration, the Group works to maintain partner-site quality by regularly monitoring compliance with the partner terms and the operation of the sites.」

「During the second quarter of the current consolidated cumulative period, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」

「During the cumulative first quarter of the current consolidated fiscal year, there were no new business or other risks, nor any material changes to the business and other risks described in the securities report for the previous fiscal year.」

「In the Group's affiliate services, merchants check partner sites before entering into partnerships. When partner sites register for the affiliate services, the Group screens their registration to determine whether they violate public order and morals or may contravene laws such as the Act on Securing Quality, Efficacy and Safety of Products Including Pharmaceuticals and Medical Devices, the Act against Unjustifiable Premiums and Misleading Representations, and the Health Promotion Act. After registration, the Group works to maintain partner-site quality by regularly monitoring compliance with partner terms and site operations.」

「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」

「During the second quarter of the current consolidated cumulative period, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」

「During the cumulative first quarter of the current consolidated fiscal year, there were no new business or other risks, nor any material changes to the business and other risks described in the securities report for the previous fiscal year.」

「However, if the credibility of the affiliate services is damaged by complaints from merchants or other factors resulting from violations of partner terms or other misconduct on partner sites, the Group's operating performance may be materially affected.」