Analyst Coverage

As of March 2017

Firm Analyst
ICHIYOSHI RESEARCH INSTITUTE INC. Yoko Mizoguchi
Ace Research Institute Co., Ltd. Masunori Ishitobi
STORM RESEARCH Team Coverage
Daiwa Securities Co., Ltd. Jiro Kojima

*This list was created based on the information that was available to the Company as of the date of posting. Accordingly, please note that there may be an analyst(s) who is not listed here, that the Company does not endorse or support the analysts listed here, and that some of the information contained herein may not be timely.

*Analysts analyze the business performance, businesses, products, and others of the Company or make future projections of the Company’s business performance based on their own judgments. The Company is not involved in any of these processes at all.

*This list is posted to provide information about analysts who analyze or predict the business performance, etc. of the Company for its shareholders, and the organizations to which such analysts belong, but not to solicit or recommend any sale or purchase of the Company’s stock. Investors should make final decisions on investments at their own discretion and responsibility.

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