(As of 28th July, 2021)
*In alphabetical order of company names

Company Name
Citigroup Global Markets Japan Inc. Mitsunobu Tsuruo
CLSA Securities Japan Co.,Ltd. Hideo Noda
Credit Suisse Securities (Japan)Co.,Ltd Hiroyasu Eguchi
Daiwa Securities Co. Ltd. Makoto Ueno
Goldman Sachs Japan Co., Ltd. Chikai Tanaka
Jefferies Japan Limited Hiroko Sato
JPMorgan Securities Japan Co., Ltd. Kaori Chiba
Macquarie Capital Securities (Japan), LTD Hiroshi Yamashina
Marusan Securities Co., Ltd. Toru Kobori
Merrill Lynch Japan Securities Co., Ltd. Yuki Kaneko
Mitsubishi UFJ Morgan Stanley Securities Co., Ltd Hideaki Tanaka
Mizuho Securities Co., Ltd. Yusuke Hori
Morgan Stanley MUFG Securities Co., Ltd. Hiroto Segawa
Nomura Securities Co., Ltd. Jumpei Yoshida
Okasan Securities Co., Ltd. Keisuke Iwafuchi
SBI Securities Co.,Ltd. Makoto Hatada
SMBC Nikko Securities Inc. Satoru Kikuchi
Tokai Tokyo Research Institute Co., Ltd. Takuma Yoshibayashi
UBS Securities Japan Co., Ltd. Jun Tanabe

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.
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