Analyst Coverage

The following is a list of securities company and research institute analysts covering Tokyo Electron.

CompanyAnalyst
Citigroup Global Markets JapanMasahiro Shibano
CLSA Securities JapanClaudio Aritomi
Credit Suisse Securities JapanHideyuki Maekawa
Daiwa SecuritiesToru Sugiura
Deutsche SecuritiesYu Yoshida
Goldman Sachs JapanSatoru Ogawa
IwaiCosmo SecuritiesKazuyoshi Saito
Jefferies Japan LimitedMasahiro Nakanomyo
JP Morgan Securities JapanHisashi Moriyama
Macquarie Capital Securities (Japan)Damian Thong
Merrill Lynch Japan SecuritiesMikio Hirakawa
Mitsubishi UFJ Morgan Stanley SecuritiesTakeo Miyamoto
Mizuho SecuritiesYoshitsugu Yamamoto
Morgan Stanley MUFG Research JapanKazuo Yoshikawa
Nomura Securities, Financial & Economic Research CenterTetsuya Wadaki
QUICK Corporate Valuation Research CenterMasayuki Tanibayashi
Sanford C. Bernstein (Hong Kong) LimitedMark Li
SMBC Nikko SecuritiesTakeru Hanaya
Tokai Tokyo Research CenterMasahiko Ishino
UBS Securities JapanKenji Yasui

* The purpose of this list is to introduce to investors the analysts covering Tokyo Electron. It is not intended as a solicitation to purchase our stock.

* Opinions and forecasts by analysts with respect to our financial results, etc., are based on the independent judgment of the analysts, and Tokyo Electron does not support or endorse any of these forecasts, opinions or recommendations.