Analyst Coverage

(As of 31st October, 2017)
*In alphabetical order of company names

Company Name
Citigroup Global Markets Japan Inc. Mitsunobu Tsuruo
CLSA Securities Japan Co.,Ltd. Hideo Noda
Daiwa Securities Co. Ltd. Makoto Ueno
Goldman Sachs Japan Co., Ltd. Ikuo Matsuhashi
Jefferies Japan Limited Hiroko Sato
JPMorgan Securities Japan Co., Ltd. Jun Tanabe
Marusan Securities Co., Ltd. Toru Kobori
Merrill Lynch Japan Securities Co., Ltd. Hiroyasu Eguchi
Mitsubishi UFJ Morgan Stanley Securities Co., Ltd Hideaki Tanaka
Mizuho Securities Co., Ltd. Yusuke Hori
Nomura Securities Co., Ltd. Chikai Tanaka
Okasan Securities Co., Ltd. Keisuke Iwafuchi
SMBC Nikko Securities Inc. Satoru Kikuchi

The above list has been published solely for the purposes of providing investors with information on the analysts who carry out analysis and forecasting related to NRI's performance and the institutions with which they are affiliated.
NRI does not endorse or recommend the opinions, forecasts, evaluations, numerical and other information that these analysts express in their reports. Neither is the information intended as solicitation for investment in securities.
The list has been prepared on information available to NRI as of the date of record. Consequently, there may be analysts who have not been included in the list.
When making actual investments, investors are requested to make investment decisions based on their own judgement and responsibility.

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