Analyst Coverage

List of analysts at securities companies who make recommendations and reports of Komatsu performance, etc. (As of September 1, 2017)

Firm Analyst
Citigroup Global Markets Japan Inc. Graeme McDonald
CLSA Securities Japan Co., Ltd. Edward Bourlet
Credit Suisse Securities (Japan) Ltd. Shinji Kuroda
Daiwa Securities Co. Ltd. Hirosuke Tai
Deutsche Securities Inc. Takeshi Kitaura
Goldman Sachs Japan Co., Ltd. Yuichiro Isayama
Jefferies Japan Ltd. Tokyo Branch Sho Fukuhara
JP Morgan Securities Japan Co., Ltd. Tomohiko Sano
Macquarie Capital Securities (Japan) Ltd. Kunio Sakaida
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 Friend Research Center Ltd. Toru Kitani
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 Komatsuís business performance and is not intended as a solicitation to make investments. Komatsu does not support any these analystís 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 Komatsuís 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.