Analyst Coverage

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List of analysts from securities companies and research firms who make recommendations and reports concerning NEC's business performance, etc. (in alphabetical order)

(As of April 2025)
Company Name	Analyst
Citigroup Global Markets Japan Inc.	Kota Ezawa
CLSA Securities Japan Co., Ltd.	Hideo Noda
Daiwa Securities Co. Ltd.	Makoto Ueno
Goldman Sachs (Japan) Ltd.	Chikai Tanaka
Jefferies Japan Limited	Hiroko Sato
JPMorgan Securities Japan Co., Ltd	Junya Ayada
Macquarie Capital Securities (Japan) Limited	Hiroshi Yamashina
Morgan Stanley MUFG Securities Co., Ltd.	Hideaki Tanaka
Mizuho Securities Co., Ltd.	Yusuke Hori
Nomura Securities Co., Ltd. Financial & Economic Research Center	Masaya Yamasaki
SMBC NIKKO Securities Inc.	Kazutaka Yoshizumi
UBS Securities Japan Co., Ltd.	Kenji Yasui

The above-mentioned analysts are those who we confirmed as writers of reports on NEC. This list is subject to change as firms add or delete coverage of NEC. Please note it is possible that there are other analysts who perform analyses of NEC, and that the table does not always show the most updated list of such analysts.
The information in this 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 NEC's historical or predicted performance made by the analysts at these firms are theirs alone and do not represent opinions, forecasts or predictions of NEC or its management. NEC does not by listing these firms imply its endorsement of or concurrence with such forecasts, opinions or recommendations.
Analysts examine NEC's performance, businesses, products and technologies, and make forecasts based on their independent judgments. Please be aware that neither NEC nor its management is in any way involved in this process.
If you actually intend to trade stock, please make such decisions in accordance with your own judgment and responsibility.