Analyst Coverage

(As of July 2026)

Company names (in Japanese syllabary order) Analysts (titles omitted)
SMBC Nikko Securities Inc. Tsukasa Furuta
JP Morgan Securities Japan Co., Ltd. Satoshi Fujiwara
Daiwa Securities Co., Ltd. Shun Igarashi
Nomura Securities Co., Ltd. Makoto Morita
BofA Securities Japan Co., Ltd. Manabu Sumoge
Mizuho Securities Co., Ltd. Hiroshi Saji
Morgan Stanley MUFG Securities Co., Ltd. Tomonobu Tsunoyama
UBS Securities Japan Co., Ltd. Rei Ihara

*This list is compiled according to our standards based on information available to us at the time of publication.
Therefore, please note that there may be analysts not included in this list, and that not all information may be up-to-date.

The analysts listed in this table, as well as those not listed here, periodically or irregularly analyze or forecast our performance, business, products, technologies, etc., based on their own judgment.
Neither our company nor our management team is involved in any of those processes.
Furthermore, we do not endorse or guarantee the predictions, opinions, or recommendations of these analysts.

This list is provided to shareholders and investors with information about analysts who analyze and forecast our company's performance, as well as the organizations they belong to.
Therefore, this does not constitute an invitation to buy, sell, or otherwise invest in our company's stock.

Please make your investment decisions based on your own judgment.

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