The following is a list of securities firms, other companies and research institutions making recommendations and comments on our financial results.

As of October 2020
(Firm names in the order of alphabet / titles omitted)

Firm	Analyst
ICHIYOSHI RESEARCH INSTITUTE INC.	Hiroshi Naya
SMBC Nikko Securities Inc.	Eiji Maeda
Daiwa Securities Co. Ltd.	Taro Ishihara
Tokai Tokyo Research Institute Co., Ltd.	Yukari Housui
Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.	Masato Araki
IwaiCosmo Securities Co.,Ltd.	Norikazu Shimizu

[Note]

• This list has been prepared on the basis of information available to the Company at the time of publication in accordance with our standards. Not all the information may be the latest. For example, there may be analysts that are not included in the list. This list is published for the purpose of offering information on analysts and their organizations who are analyzing and forecasting our performance, and it is not intended to encourage or recommend any transactions of our stock.
• The analysts analyze and forecast our performance at their own discretion, and the Company is not involved at all in any such process. Investors are requested to make decisions on actual investments at their own discretion and risk.