Analyst coverage

List of analysts at securities companies who make recommendations and reports of Komatsu performance, etc.

*As of Feb. 13, 2020

Firm
Analyst
Citigroup Global Markets Japan Inc.
Graeme McDonald
CLSA Securities Japan Co., Ltd.
Edward Bourlet
Daiwa Securities Co. Ltd.
Hirosuke Tai
Goldman Sachs Japan Co., Ltd.
Yuichiro Isayama
Jefferies Japan Ltd. Tokyo Branch
Sho Fukuhara
JP Morgan Securities Japan Co., Ltd.
Tomohiko Sano
Merrill Lynch Japan Securities Co., Ltd.
Kenjin Hotta
Mito Securities Co., Ltd.
Yoichiro Watanabe
Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.
Tsubasa Sasaki
Mizuho Securities Co., Ltd.
Hirokazu Miyagi
Morgan Stanley MUFG Securities Co., Ltd.
Yoshinao Ibara
Nomura Securities Co., Ltd.
Katsushi Saito
SMBC Nikko Securities Inc.
Taku Ouchi
Tokai Tokyo Research Center Co., Ltd.
Mitsuyuki Ohdaira
UBS Securities Japan Co., Ltd.
Hikaru Mizuno
*Firms are listed in alphabetical order.

The above list is prepared based on the information available to Komatsu at the time of publication. Please note that there may be analysts who are not included in the list, and the entirety of the information may not necessarily be the latest one.

The above list is provided only for the purposes of informing investors of the names of analysts and related brokerage firms that provide analyses and forecasts of Komatsu's business performance and is not intended as a solicitation to make investments. Komatsu does not support any these analyst's prospects, opinions, or recommendations and does not guarantee the consistency of any related information. Investors are requested to make their final investment decision based on their own judgment and responsibilities.

Analysts, irrespective of who are listed or not listed in this table, analyze Komatsu's performance, businesses, products and technologies, and make forecasts regularly and irregularly. Please be aware that Komatsu nor its management is not involved in any process of making them.