PASSION FOR THE BEST
Analyst Coverage
(In Alphabetical Order)
Company Name Name
Citigroup Global Markets Japan Inc. Koichi Niwa
Deutsche Securities Inc. Masao Muraki
Goldman Sachs Japan Co., Ltd. Katsunori Tanaka
JPMorgan Securities Japan Co., Ltd. Wataru Otsuka
Merrill Lynch Japan Securities Co., Ltd. Futoshi Sasaki
Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. Natsumu Tsujino
Nomura Securities Co., Ltd. Naruhiko Sakamaki
Morgan Stanley MUFG Securities Co., Ltd. Mia Nagasaka
SMBC Nikko Securities Inc. Shinichiro Nakamura
Tokai Tokyo Research Center Co., Ltd. Tatsuo Majima
UBS Securities Japan Co., Ltd. Shinichi Ina

The Daiwa Securities Group is followed by the analysts listed above. Please note that any opinions, estimates or forecasts made by these analysts regarding The Daiwa Securities Group's performance are theirs alone and do not represent opinions, forecasts or predictions of The Daiwa Securities Group or its management. The Daiwa Securities Group does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.

Daiwa Securities Group Inc. does not guarantee the accuracy of the information in this Home Page herein, and is not liable for any loss or damage, arising from the use of the information.
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