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Analysts

List of analysts at securities and research companies who make recommendations and reports on JGC's performance, etc.

Firm ( In alphabetical order)	Analyst (Omitting titles from names)
Barclays Capital Japan Ltd.	Kunio Sakaida
Credit Agricole Securities Asia B.V., Tokyo Branch	Cenk Simsek
Daiwa Securities Co. Ltd.	Hirosuke Tai
Merrill Lynch Japan Securities Co., Ltd.	Takahiro Mori
Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.	Takeshi Ishizuka
Mizuho Securities Co., Ltd.	Masanori Wakae
Morgan Stanley MUFG Securities Co., Ltd.	Jin Sup Park, Yuka Matayoshi
Okasan Securities Co., Ltd.	Yoshihiko Ukita, Noritsugu Hirakawa
SMBC Nikko Securities Inc.	Taku Ouchi
The Nomura Securities Co., Ltd. Financial & Economic Research Center	Ryo Tazaki
UBS Securities Japan Ltd.	Hidehiko Hoshino

This list is subject to change as coverage is either added or dropped by a firm.
Please note it is possible that there are other analysts who cover JGC, and that the table does not always show the most updated list.

The information in this list is solely for informational purposes, and is not intended as a solicitation for investments. Estimates, opinions, and forecasts regarding JGC's performance made by these analysts are theirs alone and not those of JGC or its management. JGC does not imply its endorsement of or concurrence with such estimates, opinions, recommendations and information.

Analysts, irrespective of who is listed or not listed in this table, analyze JGC's performance, businesses and technologies, and make forecasts regularly and irregularly. Please be aware that neither JGC nor its management is involved in any process of making such forecasts.

If you actually intend to trade stock, please do so in accordance with your own judgment.

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