Analyst Coverage

(as of July 30, 2019)

List of analysts of securities companies and research companies who make recommendations and reports of Terumo' performance, etc.

(in alphabetical order of firm)

Firm Analyst
Citigroup Global Markets Japan Inc. Hidemaru Yamaguchi
Credit Suisse Securities (Japan) Limited Fumiyoshi Sakai
Daiwa Securities Co. Ltd. Tomoko Yoshihara
Goldman Sachs Japan Co., Ltd. Akinori Ueda
Jefferies Japan Limited Mitsuko Miyasako
JPMorgan Securities Japan Co., Ltd. Naomi Kumagai
Merrill Lynch Japan Securities Co., Ltd. Ritsuo Watanabe
Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. Seiji Wakao
Mizuho Securities Co., Ltd. Hidekatsu Watanabe
Morgan Stanley MUFG Securities Co., Ltd. Ryotaro Hayashi
Nomura Securities Co., Ltd. Motoya Kohtani
Tokai Tokyo Research Center CO.,LTD. Takashi Akahane
UBS Securities Japan Co., Ltd. Yukihiro Koike

Note: This list is based on the currently available information regarding coverage for Terumo by the securities analysts/researchers and is not intended to recommend them. The list may not be complete and is subject to change.

Please note that any opinions, estimates or forecasts regarding Terumo' performance, businesses, products, and technologies made by the analysts at listed above or the analysts not listed above, are theirs alone and not those of Terumo or its management. Terumo does not imply its endorsement of or concurrence with any information, estimates, opinions and recommendations by these analysts/researchers.

Terumo provides this information solely for the purpose of introducing the analysts/researchers to the investors. If you actually intend to trade stock, please make such stock traded in accordance with your own judgment.

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