Analyst Coverage

（Alphabetical order , as of May 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
Phillip Securities Japan	Satsuki Kawasaki
SMBC Nikko Securities	Tsukasa Furuta and 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 May 2025.

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