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The following is a list of the analysts covering KDX Realty Investment Corporation.

As of April 30, 2024

Company Analyst
SMBC Nikko Securities Inc. Hiroshi Torii
Citigroup Global Markets Japan Inc. Masashi Miki
Daiwa Securities Co., Ltd. Noritaka Hobo
Nomura Securities Co.,Ltd. Kohei Omura
Mizuho Securities Co., Ltd. Yosuke Ohata
Morgan Stanley MUFG Securities Co., Ltd. Atsuro Takemura
UBS Securities Japan Co., Ltd. Kazufumi Takeuchi
CLSA Securities Japan Co., Ltd. Masahiro Mochizuki

This list (listed in order of Japanese syllabary) is based on information available to KDXR and the Asset Management Company at the time of publication, and is prepared according to the criteria of KDXR and the Asset Management Company. Consequently, the list may not be comprehensive or the information may be outdated.

The analysts included in this list and others not listed are engaged in providing analysis relating to the business and financial results of KDXR, and/or projecting the future financial results of KDXR, based on judgments made independently by the analysts either periodically or on ad hoc basis. Neither KDXR nor the Asset Management Company, or their respective management teams, have had any part whatsoever in the process by which the analysts form their analysis or projections. KDXR and the Asset Management Company do not in any way endorse or provide assurances concerning analysis, projections, opinions, recommendations, etc. made by the analysts.

This list is provided solely for the purpose of providing investors with information concerning companies and analysts who provide analysis or projections relating to the financial results of KDXR. It does not constitute a solicitation to invest in KDXR.

Any investment decisions shall be made by each investor solely based on their own judgment and at their own risk.

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