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                    Analyst Coverage Analyst Coverage

                    Analyst Coverage

                    As of Jan. 31, 2020
                      Name Firm
                    Equity Analysts Koichi Niwa Citigroup Global Markets Japan Inc.
                    Makoto Kuroda Credit Suisse Securities (Japan) Limited
                    Akira Takai Daiwa Securities Co. Ltd.
                    Shinichiro Nakamura Goldman Sachs (Japan) Ltd.
                    Hideyasu Ban  Jefferies (Japan) Ltd. 
                    Rie Nishihara JPMorgan Securities Japan Co., Ltd.
                    Raymond Spencer Merrill Lynch Japan Securities Co., Ltd.
                    Maoki Matsuno Mizuho Securities Co., Ltd.
                    Ken Takamiya Nomura Securities Co., Ltd.
                    Toyoki Sameshima SBI Securities Co., Ltd.
                    Masahiko Sato SMBC Nikko Securities Inc.
                    Credit Analysts Mana Nakazora BNP Paribas Securities (Japan) Ltd.
                    Yutaka Ban SMBC Nikko Securities Inc.
                    The analysts listed above are equity,credit analysts who follow MUFG.
                    Please note that any opinions, estimates or forecasts regarding MUFG's performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of MUFG or its management.
                    MUFG does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.