Analyst Coverage

The following is a list of securities companies and research institute analysts covering Advantest.

Company Analyst
BofA Securities Japan Mikio Hirakawa
Citigroup Global Markets Japan Masahiro Shibano
CLSA Securities Japan Yu Yoshida
Credit Suisse Securities Japan Hideyuki Maekawa
Daiwa Securities Toru Sugiura
Goldman Sachs Japan Shuhei Nakamura
Jefferies (Japan) Masahiro Nakanomyo
JPMorgan Securities Japan Hisashi Moriyama
Macquarie Capital Securities (Japan) Damian Thong
Mitsubishi UFJ Morgan Stanley Securities Yoshihito Hasegawa
Mizuho Securities Yoshitsugu Yamamoto
Morgan Stanley MUFG Research Japan Kazuo Yoshikawa
Nomura Securities Tetsuya Wadaki
QUICK Corporate Valuation Research Center Masayuki Tanibayashi
SMBC Nikko Securities Takeru Hanaya
Tokai Tokyo Research Center Masahiko Ishino
UBS Securities Japan Kenji Yasui

* The above-mentioned securities analysts are those confirmed as writers of reports on Advantest. Please note the possibility that some analysts who cover Advantest may not be included on the list, and that recent changes may not be reflected in the list.

* The lists are prepared solely for investors to provide information on analysts in charge of Advantest. These should not be construed as an offer to sell or for solicitation to buy shares of Advantest.

* Please note that any opinions or forecasts regarding Advantest's financial results, businesses, products and technologies made by analysts are theirs alone. Providing the above list does not indicate that Advantest endorses or guarantees the opinions or forecasts of these analysts.

* Any investments should be made according to your own judgment and at your own responsibility.