Analyst Coverage

As of December,2023

Company (in alphabetical order)

Analyst

BofA Securities Japan Co., Ltd.

Yuri Nishizaki

Daiwa Securities Co., Ltd.

Katsuro Hirozumi

JPMorgan Securities Japan Co., Ltd.

Akiko Kuwahara

Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.

Wakako Sato

Mizuho Securities Co., Ltd.

Hiroshi Saji

Nomura Securities Co., Ltd.

Yuji Ohana

SMBC Nikko Securities Inc.

Shima Yamanaka

The lists above are based on the information available to FANCL.
Analysts review FANCL and forecast performance, opinions, and recommendations from independent perspectives. The Company is not involved in any part of this process.
Investors should always use their own judgment when making any investment decisions and be prepared to take responsibility for such decisions.