A n a l y s t C o v e r a g e

Research Reports

Notes:

The above lists are shared for the sole purpose of providing our investors with information on the analysts who analyze and forecast our company's business results, and the organizations they belong to. We do not endorse or recommend the opinions, forecasts, evaluations, numerical information, or any other statements expressed by these analysts in their reports or elsewhere. Furthermore, this is not intended as a solicitation for investment in any valuable securities. This list is based on information obtained by our company as of the reference date. Therefore, there is a possibility that analysts not listed here may exist. We kindly ask investors to make their investment decisions at their own judgment and responsibility when considering actual investments.

Dentsu Group: Corporate Governance