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 JapanYu Yoshida
Daiwa SecuritiesToru Sugiura
Goldman Sachs JapanShuhei Nakamura
IwaiCosmo SecuritiesKazuyoshi Saito
Jefferies Japan LimitedMasahiro Nakanomyo
JP Morgan Securities JapanJunya Ayada
Macquarie Capital Securities (Japan)Damian Thong
BofA Securities Japan Co., Ltd.Mikio Hirakawa
Mitsubishi UFJ Morgan Stanley SecuritiesTetsuya Wadaki
Mizuho SecuritiesYoshitsugu Yamamoto
Morgan Stanley MUFG Research JapanKazuo Yoshikawa
Okasan Securities Co., Ltd.Takashi Shimamoto
QUICK Corporate Valuation Research CenterMasayuki Tanibayashi
Rakuten SecuritiesYasuo Imanaka
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.