As of Mar. 8, 2019
*Order of the Japanese syllabary

InstitutionAnalysts name
ICHIYOSHI RESEARCH INSTITUTE INC.Yoko Mizoguchi
SMBC Nikko Securities Inc.Junichi Tazawa
OKASAN SECURITIES Co., Ltd.Tomotaka Oshio
Goldman Sachs Japan Co., Ltd.Sachiko Okada
Citigroup Global Markets Japan Inc.Takashi Hashimoto
Daiwa Securities Co., Ltd.Mamoru Masumiya
Nomura Securities Co., Ltd.Daisuke Fukushima
Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.Kouki Ozawa
Mizuho Securities Co., Ltd.Yoshihiro Hashimoto
CLSA Securities Japan Co.,Ltd.William Montgomery

Note:
The list of analysts was created in accordance with Nomura Real Estate Holding (NREH)'s objective standards based on the information available at the time of posting. Therefore, please note that other analysts may not have been included in this list and that this list may not completely reflect the latest information or changes. In addition, NREH does not support or endorse any analyst's prospect.
The list is provided solely for the purpose of informing investors of the names of analysts and related brokerage firms that provide analyses and forecasts of NREH performance. It is not intended to induce or recommend the purchase or sale of NREH shares. Analysts are independent of NREH, exercise their own judgment in the analysis of NREH's business performance and activities, and independently forecast NREH's future performance. NREH is not involved in any of such processes.
Furthermore, NREH does not support or endorse the forecasts, opinions, or recommendations provided by these analysts.
Decisions regarding investment should be based solely on the investor's own judgment and responsibility.