Stock and Bond InformationAnalyst Coverage

List of analyst of securities companies who reports of Fuji Electric.

(in alphabetical order of company names)
Company Name	Analyst Name
Citigroup Global Markets Japan Inc.	Takero Fujiwara
Daiwa Securities Co. Ltd.	Junji Okawa
Goldman Sachs Japan Co., Ltd.	Ryo Harada
Jefferies (Japan) Limited	Bolor Enkhbaatar
Macquarie Capital Securities (Japan) Limited	Hiroshi Taguchi
Marusan Securities Co., Ltd.	Yusuke Matsuura
Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.	Takeshi Ishizuka
Mizuho Securities Co., Ltd.	Takeshi Tanaka
Nomura Securities Co., Ltd.	Masaya Yamasaki
SBI Securities Co.,Ltd.	Yoshiharu Izumi
SMBC Nikko Securities Inc.	Kazutaka Yoshizumi
Tokai Tokyo Research Institute Co., Ltd.	Masahiko Ishino

The list is prepared solely for shareholders and investors to provide information on analysts in charge of Fuji Electric and is not intended as solicitation to make investments. If you actually intend to trade stock, please make such stock traded in accordance with your own judgement.
Analysts, irrespective of who are listed or not listed above, analyze Fuji Electric’s business, products and technologies, and make forecasts regularly and irregularly based on their independent judgment. Fuji Electric is not involved in any part of this process.
The list is subject to change as coverage is either added or dropped by the company. Please note that the table does not always show the most updated list of the analysts who cover Fuji Electric.