Analyst Coverage

（Alphabetical order , as of March 2025）

Company Name	Analyst
J.P. Morgan Securities Japan	Satoshi Fujiwara
Mizuho Securities	Hiroshi Saji
Morgan Stanley MUFG Securities	Haruka Miyake
Nomura Securities	Makoto Morita
Okasan Securities	Manabu Sumoge
Phillip Securities Japan	Satsuki Kawasaki
SMBC Nikko Securities	Naomi Takagi
Tokai Tokyo Intelligence Laboratory	Kenji Araki
UBS Securities Japan	Rei Ihara

This list is based on reports we have obtained that were published during the six months prior to March 2025.

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