Analyst Coverage

As of November, 2022

Company (in alphabetical order)

Analyst

BofA Securities Japan Co., Ltd.

Yuri Nishizaki

Citigroup Global Markets Japan Inc.

Nobuyoshi Miura

Daiwa Securities Co., Ltd.

Katsuro Hirozumi

Goldman Sachs Japan Co., Ltd.

Keiko Yamaguchi

Haitong International Japaninvest KK

Aya Hara

Ichiyoshi Research Institute Inc.

Masatoshi Nagata

Jefferies (Japan) Limited

Mitsuko Miyasako

JPMorgan Securities Japan Co., Ltd.

Akiko Kuwahara

Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.

Wakako Sato

Mizuho Securities Co., Ltd.

Hiroshi Saji

Okasan Securities Co., Ltd.

Yuji Ohana

SMBC Nikko Securities Inc.

Shima Yamanaka

UBS Securities Japan Co., Ltd.

Hisae Kawamoto

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.