Investor Relations

Analyst Coverage

Names of institutions and analysts

(Alphabetical Order of Company Names)

Affiliated organization Analyst name
CLSA Securities Japan Co., Ltd. Morten C. Paulsen
Credit Suisse Securities Japan Ltd Shinji Kuroda
Citigroup Global Markets Japan Inc. Graem McDonald
Daiwa Securities Co., Ltd. Hirosuke Tai
IwaiCosmo Securities Co., Ltd. Nishikawa Hiroyasu
Jefferies Japan Limited Tokyo Branch Sho Fukuhara
Macquarie Capital Securities (Japan) Limited Kunio Sakaida
Merrill Lynch Japan Securities Co., Ltd. Kenjin Hotta
Mito Securities Co., Ltd. Youichirou Watanabe
Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. Tsubasa Sasaki
Mizuho Securities Co., Ltd. Hirokazu Miyagi
MorganStanley MUFG Securities Co., Ltd. Lisa Jiang
Morningstar Research Jason Shoichiro Kondo
NOMURA SECURITIES Co., Ltd. Kentaro Maekawa
SBI SECURITIES Co., Ltd. Toshiharu Morota
SMBC Nikko Securities Asuka Sasao
Tachibana Securities Co., Ltd. Yoshikazu Shimada
Tokai Tokyo Research Center Co., Ltd. Mitsuyuki Oodaira

This list is intended to provide information about analysts who have conducted analysis and forecasts on the business performance of Nabtesco, and information about the institutions to which these analysts belong. Hence, this list is not intended to solicit investors or recommend them to buy the stock of the company. The list does not indicate that our company supports forecasts, views and recommendations made by the listed analysts, or guarantees the consistency of such information.

Both analysts listed above and non-listed analysts analyze the business performance, operations, products and technologies of Nabtesco, or forecast its business results on a regular or irregular basis based on their own judgment. Neither our company, nor the company’s top management, has been involved in any way in the process of making such analyses or forecasts.

We request shareholders and investors to make final trading decisions on their own responsibility when they invest in our company.