Analyst Coverage

Company Name (Alphabetical Order of Company Names) Analyst
Citigroup Global Markets Japan Inc. Mitsunobu Tsuruo
Credit Agricole Securities Asia B.V. Oliver Matthew
Credit Suisse Securities (Japan) Limited Keiichi Yoneshima
Daiwa Securities Co. Ltd. Taro Ishihara
Goldman Sachs Japan Co., Ltd. Masaru Sugiyama
Haitong International Japaninvest KK Yushi Kawamoto
Ichiyoshi Research Institute Inc. Hiroshi Naya
Jefferies Japan Limited Hiroko Sato
JP.Morgan Securities Japan Co., Ltd. Haruka Mori
Merrill Lynch Japan Securities Co., Ltd. Jason Mitchell
Mizuho Securities Co., Ltd. Shinsuke Iwasa
Morgan Stanley MUFG Securities Co., Ltd. Tetsuro Tsusaka
Nomura Securities Co.,Ltd. Yoshitaka Nagao
SMBC Nikko Securities Inc. Kuni Kanamori
UBS Securities Japan Ltd Sumito Takeda

The above list is subject to change as coverage is either added or dropped by a firm. Please note it is possible that there are other analysts who make an analysis of Rakuten's performance and services, and that the table does not always show the most updated list of the analysts covering Rakuten.

The information in above table is solely for informational purposes, and is not intended as a solicitation to make investments.

Please note that any opinions, estimates or forecasts regarding Rakuten's performance and services made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of Rakuten or its management.

If you actually intend to trade stock, please make such decisions in accordance with your own judgment and responsibility.

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