Analyst Coverage

As of August 2016

Company Name Analyst Name
Citigroup Global Markets Inc. Takashi Hashimoto
Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. Kouki Ozawa
Mizuho Securities Co., Ltd. Yoshihiro Hashimoto
SMBC Nikko Securities Inc. Yoshikazu Funakubo
STORM RESEARCH Rhiannon Ewart-White

*The list above is based on the information available to Leopalace21 as of the date of publication. Therefore, it should not be construed that the list is a complete list of analysts, that Leopalace21 supports or sponsors any of these analysts, nor that the information is the latest.

*Analysts analyze and forecast performance, operation, products and other aspects of Leopalace21 based on their independent judgment. Leopalace21 is not involved in any part of this process.

*The list is prepared solely for investors to provide information on analysts and their affiliation which analyze and forecast the business performance of Leopalace21. These should not be construed as an offer to sell or for solicitation to buy shares of Leopalace21. The information expressed here does not constitute investment advice and independent advice should be sought where appropriate.

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