|Nomura Securities Co., Ltd.||Daisuke Fukushima|
|Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.||Kouki Ozawa|
|SMBC Nikko Securities Inc.||Junichi Tazawa|
|Tachibana Securities Co., LTD.||Hisayuki Shimokawa|
The list of analysts was created in accordance with the Daikyo Group’s objective standards based on the information available at the time of posting. Therefore, please note that there may be analysts not included in this list and that this list may not completely reflect the latest information or changes. In addition, the Daikyo Group does not support or endorse any analyst’s prospect. The list is intended solely for the purpose of providing investors with the names of analysts and their associated brokerage firms, which provide analyses and forecasts of the Company’s performance. It is not intended as an inducement or recommendation for the purchase or sale of the Company’s shares. The analysts are independent of the Daikyo Group and exercise their own judgment when analyzing the Company’s business performance and activities and forecasting its future performance. The Daikyo Group has no involvement with any of such processes. Furthermore, the Company does not support or endorse the forecasts, opinions or recommendations provided by these analysts. We advise that decisions regarding investment be based solely on the investor’s own judgment and responsibility.