|Company / Institution||Analyst|
|CLSA Securities Japan Co., Ltd.||Oliver Matthew|
|Daiwa Securities Co., Ltd.||Taro Ishihara|
|Goldman Sachs Japan Co., Ltd.||Masaru Sugiyama|
|Japaninvest K.K.||Hiroyuki Terada|
|JPMorgan Securities Japan Co., Ltd.||Yumi Tanaka|
|Marusan Securities Co., Ltd.||Shinichi Otokawa|
|Merrill Lynch Japan Securities Co., Ltd.||Yoshiyuki Kinoshita|
|Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.||Hirotoshi Murakami|
|Mizuho Securities Co., Ltd.||Shinsuke Iwasa|
|Morgan Stanley MUFG Securities Co., Ltd.||Tetsuro Tsusaka|
|NOMURA SECURITIES CO., LTD.||Yoshitaka Nagao|
|Okasan Securities Co., Ltd.||Masashi Morita|
|SMBC Nikko Securities Inc.||Eiji Maeda|
Note: Companies and institutions are listed in alphabetical order.
The analysts listed above are equity analysts who follow Dentsu Inc. as of March 8, 2016. There may be other analysts currently publishing research on Dentsu of which the Company is not aware who are not included in the list above.
Please note that any opinions, estimates or forecasts regarding Dentsu's performance made by these analysts are theirs alone and do not represent the opinions, forecasts or predictions of Dentsu or its management.
Dentsu does not by the inclusion of these analysts' names herein imply its endorsement of or concurrence with information, conclusions or recommendations published thereby. Your use or reliance on such information, conclusions or recommendation is at your own risk.