(As of 30th April, 2019)
*In alphabetical order of company names

Company Name
Citigroup Global Markets Japan Inc. Mitsunobu Tsuruo
CLSA Securities Japan Co.,Ltd. Hideo Noda
Daiwa Securities Co. Ltd. Makoto Ueno
Goldman Sachs Japan Co., Ltd. Ikuo Matsuhashi
Jefferies Japan Limited Hiroko Sato
JPMorgan Securities Japan Co., Ltd. Jun Tanabe
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
Nomura Securities Co., Ltd. Chikai Tanaka
Okasan Securities Co., Ltd. Keisuke Iwafuchi
SMBC Nikko Securities Inc. Satoru Kikuchi

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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