Analyst Coverage

This is a list of analysts of securities companies or research institutions that analyze our performance and make recommendations and comments.

As of April 1,2025

(Company names: In Japanese syllabary order, titles omitted)

Notes

• The list is prepared based on the information available to us at the time of publication. Therefore, please note that there may be analysts who are not listed in the list and that all information may not be up to date.
• Analysts listed in the table and analysts not listed in the table regularly or irregularly analyze Shofu's performance, business, products, technologies, etc., or predict future performance based on their own judgment. Neither Shofu nor its management is involved in any of these processes.
• The list is provided solely for the purpose of introducing analysts of securities companies or research institutions who analyze or predict Shofu's performance to investors, and Shofu does not support the forecasts, opinions or recommendations of these analysts. Final investment decisions are made at your own discretion and responsibility.