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List of analysts who make recommendations and reports based on analysis of TEPCO's business performance.

(April 12,2018 Update)

Company Name
Daiwa Securities Co. Ltd. Shusaku Nishikawa
Goldman Sachs Japan Co., Ltd. Takashi Miyazaki
J.P.Morgan Hideshiro Kagita
Macquarie Capital Securities (Japan) Limited Hiroyuki Sakaida
Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. Reiji Ogino
Mizuho Securities Co., Ltd. Norimasa Shinya
Nomura Securities Co., Ltd. Shigeki Matsumoto
Okasan Securities Co., Ltd. Shinichi Yamazaki
SMBC Nikko Securities Inc. Koji Kamichika

Companies are listed in alphabetical order

Note:
The above list is created based on the most recent information received by TEPCO. Some analysts who have reported on TEPCO may not be included, and all the information may not be completely up to date.

TEPCO does not support or guarantee the above analysts'forecasts, opinions or recommendations. In addition, TEPCO is not involved in any of the analysts'processes, including their analysis of the Company's results, business, technologies or operating environment or their forecasts of results, which are based on their independent judgment.

Invest at your own risk.

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