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            Corporate InformationInvestor Relations

            List of securities companies' analysts who make recommendations and provide regular research reports on the Hitachi's businesses, performance, etc.

            As of July 1, 2021
            In alphabetical order of company names

            Company Name Analyst Name
            BofA Securities Japan Mikio Hirakawa
            Citigroup Global Markets Japan Kota Ezawa
            CLSA Securities Japan Leonne Chen
            Credit Suisse Securities (Japan) Hideyuki Maekawa
            Daiwa Securities Junji Okawa
            Goldman Sachs (Japan) Yuichiro Isayama, Ryo Harada
            IwaiCosmo Securities Hiroyasu Nishikawa
            Jefferies (Japan) Bolor Enkhbaatar
            JPMorgan Securities Japan Junya Ayada
            Macquarie Capital Securities (Japan) Damian Thong
            Mitsubishi UFJ Morgan Stanley Securities Takeshi Ishizuka
            Mizuho Securities Takeshi Tanaka
            Morgan Stanley MUFG Securities Yoshinao Ibara
            Nomura Securities Masaya Yamasaki
            SMBC Nikko Securities Kazutaka Yoshizumi
            Tokai Tokyo Research Institute Masahiko Ishino
            UBS Securities Japan Kenji Yasui
            The lists above are based on the information available to Hitachi as of the publication and include only the information of those who have consented to being listed. Therefore, please note it is possible that there are other analysts who make an analysis on Hitachi, and that the table does not always show the most updated list of the analysts who cover Hitachi.
            Analysts analyze and forecast performance, strategies and other aspects of Hitachi based on their independent judgment. Hitachi is not involved in any part of this process.
            The lists are prepared solely for investors to provide information on analysts in charge of Hitachi. These should not be construed as an offer to sell or for solicitation to buy shares of Hitachi.
            Hitachi does not support or guarantee any forecasts, opinions or recommendations by these analysts.
            If you actually intend to trade stock, please make such stock traded in accordance with your own judgment.