|ICHIYOSHI RESEARCH INSTITUTE INC.||Yusuke Naito|
|IwaiCosmo Securities Co.,Ltd.||Norikazu Shimizu|
|Daiwa Securities Co. Ltd.||Junji Okawa|
|Marusan Securities Co., Ltd.||Kosuke Sahara|
|Nomura Securities Co.,Ltd.||Yasuhiro Narita|
* Listed in alphabetical order. Honorifics omitted.
* List of major analysts from securities covering ESPEC Corp. (As of June 1, 2020)
* The sole purpose of this list of analysts is to introduce securities company analysts who survey and analyze ESPEC and compile analyst reports to investors. ESPEC does not support or recommend any of the opinions, forecasts, evaluations, numerical information, etc. expressed in these analyst reports, etc. Also, this information is not aimed at inducing investment in any securities. Investors are requested to make final decisions on investments at their own discretion.