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Analyst Coverage

As of December, 2011
Crédit Agricole Securities Asia B.V. PAUL WAN
Credit Suisse Securities Japan Ltd. TOMOFUMI NOGUCHI
Daiwa Securities Capital Markets Co. Ltd. HAJIME HITOTSUYANAGI
Deutsche Securities Inc. SEIGO ANDO
J.P. Morgan Securities Japan Co. Ltd. HITOSHI HOSOYA
Macquarie Capital Securities (Japan) Limited JANET LEWIS
Merrill Lynch Japan Securities Co. Ltd. YASUHITO TSUCHIYA
Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. RYOTA HIMENO
Mizuho Investors Securities Co. Ltd. TAKAHIKO KISHI
Mizuho Securities Co. Ltd. SATORU KUNIEDA
Morgan Stanley MUFG Securities Co. Ltd. TAKUYA OSAKA
Nomura Securities Co. Ltd. MASAHARU HIROKANE
Okasan Securities Co. Ltd. SHINICHI YAMAZAKI
SMBC Nikko Securities Inc. OSUKE ITAZAKI
UBS Securities Japan Ltd. JUN HARADA
(Alphabetical order / Titles omitted)

This table is made by NYK LINE based on information available to the company. Please note that other analysts would make reports on NYK LINE, and that the table does not always show the most updated one.

This table is just for investors' reference and not solicitation for investing.

Analysts, irrespective of whether they are listed or not listed in this table, analyze NYK Line's performance, businesses and technologies, and make regular forecasts. Please be aware that neither NYK Line nor its management is involved in any process of making these forecasts. NYK Line does not endorse or support the estimates, opinions and recommendations of the analysts listed here, nor does the company guarantee their accuracy.

When making investment decisions, any reliance on these reports is at the investor's own discretion.