Management Policy

This website ( is operated by SAIL (Less than or equal to “our association”). Please understand and use the following items.

About the original article

our association will create and publish its own content, such as independent interviews, investor commentaries, and Insight reports, as independent as possible. In principle, we will exclude articles that cannot maintain neutrality and independence. As a result, once it is mutually confirmed that neutrality and independence cannot be maintained through interviews and the like, all data related to the articles will be returned, removed from all storage managed by our association, and the continuation will be terminated.

Links to articles on other companies sites

We may introduce useful information and news through links on this site. In such cases, we will clearly describe the source, do not touch on the specific content, only express it abstractly, and provide a link to the relevant site as a basic policy to guide readers to useful articles.
If the originator of the linked site asks us to delete a claim or link, we will delete it immediately. In that case, please understand that you will not be able to access the relevant introduction page.

About free contents

We may outsource all or part of the provision of free services to third parties.

About Other Content

When we publish our website reports, research materials, analysis materials, and other original materials, we give due consideration to copyright and portrait rights. However, in the event that any information that we consider is published, please contact us immediately.

Matching Service

Companies require paid user registration to use the paid matching service. Investors can use the service by signing a user registration for our service.

Information provided in the service

Data and information provided to companies and investors through our matching services and other services are shared on a confidential basis, but such corporate and investor information is part of our company’s intellectual property and is also an asset managed by our association. Unauthorized reproduction or provision is strictly prohibited.

About Accessibility

We take care of accessibility very seriously. we set a goal is “AA” in compliance with WCAG 2.0 ( and is designed to comply with “A” at a minimum. we inserted alternative text for Text-to-Speech in order to care for the visually-impaired persons as much as possible. Please let us know if you find during your browsing that you are under excessive stress in readability and visibility or that you are unable to read or see. We will promptly take measures to resolve issues.

About copyright

our association takes copyright concerns into consideration. We take a careful approach in producing the contents of the website, but if we receive a complaint, we will take prompt action such as ending the listing. our association, the original authors, and other rights holders have the copyright and other rights to the Website and to any text, graphics, designs, trademarks, logos, and other materials appearing on the Website (hereinafter referred to as “Website data, etc.”.). In principle, the company logo and materials provided by the company on this website are licensed on the website of the company concerned, and the copyright belongs to the company concerned.
Copying, transmitting, distributing, modifying or cutting the data on the website without the permission of our association, the original author or other rights holders is a violation of the Copyright Law, unless the printing or storage is for personal use or otherwise permitted by the Copyright Law. Therefore, please contact our association in advance and obtain their permission. However, please note that the use of the service may be refused in the following cases.
When using the data on the website in accordance with the above, do not change or delete the copyright notice, etc.

Links to our association website

In principle, our association is free to link to a website or to write an outline of an article and link to it. You do not need to contact us unless you copy or reprint most of the content or articles on this page. However, please note that our association may decline the link if it determines that the content or method of the link on the website of the person who wishes to or has already linked to the site falls under any of the following conditions.

(1)anything contrary to public order or morality.
(2)Damage to third parties
(3)Cause damage to our association or cause a loss of confidence in our association

our association makes no warranty of any kind with respect to the contents of the website data or any links made to our association website. our association will not be responsible for any damage caused by the use of data on our association website.
our association makes no warranties or warranties with respect to the content of the linked websites in connection with the links provided on our association ‘s websites.
Prior notice and permission to our association are required to link using our association logotypes and banners.


Information and structure of the website may be changed or discontinued without prior notice. Thank you for your understanding. We may also change or discontinue our website without notice if it becomes difficult to operate due to social, environmental, economic, business or other unforeseen circumstances. However, if it becomes difficult to continue the operation from the managerial point of view, we may cancel it after giving prior notice.

Applicable laws and competent courts

Our association shall comply with the laws of Japan with regard to the use of the Website. our association has exclusive first instance jurisdiction over all disputes arising with its website in the Tokyo District Court in Japan.