The following table provides a list of analysts of securities companies and research agencies

   who provide recommendation and comment on the Toyobo’s performance, etc.

 

As of July 1, 2020

Company (Alphabetical order)

Analyst

 IwaiCosmo Securities Co.,Ltd.

 Kazuyoshi Saito

 Macquarie Capital Securities (Japan) Limited

 Yasuhiro Nakada

 Mizuho Securities Co., Ltd.

 Mikiya Yamada

 Nomura Securities Co.,Ltd.

 Takaomi Kono

 Shigeki Okazaki

 Okasan Securities Co., Ltd.

 Takashi Nishihira

 Tokai Tokyo Research Center Co., Ltd.

 Shuuichi Nakahara

 

*  Cautionary Statement

    This table is presented here for the purpose of introducing those analysts who cover Toyobo.

    This information has not been provided for the purpose of soliciting or recommending the buying and

    selling of Toyobo’s shares. Toyobo urges that the final decision regarding investment

    should be based on the judgment and responsibility of the individual investor.