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The following is a list of analysts at securities firms and research institutions who analyze the business performance of the Group and provide recommendations, comments, and reports regarding the Company’s shares. (As of May 31, 2026)

Company Analyst
IwaiCosmo Securities Co., Ltd. Shoichi Arisawa
Mizuho Securities Co., Ltd. Kennosuke Fujishiro
Phillip Securities Japan, Ltd. Toshiyuki Tateno
SBI SECURITIES Co., Ltd. Koji Endo

Disclaimer

  • The above list has been prepared based on information available to the Company at the time of publication and according to the Company’s own criteria. Therefore, please note that there may be analysts not included in this list and that some information may not be up to date.
  • This list is provided solely for the purpose of informing investors about analysts and their affiliated institutions that analyze and forecast the Company’s business performance. It is not intended as a solicitation or recommendation to buy or sell the Company’s shares. Analysts make analyses and forecasts regarding the Company’s performance, business, products, and technologies based on their own judgment. Neither the Company nor its management is involved in any part of such analyses or forecasts. Furthermore, the Company does not endorse or guarantee any forecasts, opinions, or recommendations made by these analysts.
  • Investors are advised to make investment decisions at their own discretion and responsibility.