Analyst Coverage

Firm Analyst
Daiwa Securities Co. Ltd. Jiro Kojima
Ichiyoshi Research Institute Inc. Masanori Minami
Nomura Securities Co., Ltd.
Equity Research Dept.
Naruhito Miki
Tokai Tokyo Research Center Co., Ltd. Tatsuo Majima

JAFCO Co., Ltd. is followed by the analysts listed above. Please note that any opinions, estimates or forecasts regarding JAFCO Co., Ltd.’s performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of JAFCO Co., Ltd. or its management. JAFCO Co., Ltd. does not necessarily endorse or concur with such information, conclusions or recommendations.