As of April, 2023

BofA Securities Japan Co., Ltd.

NATHAN GEE

Daiwa Securities Co. Ltd.

HAJIME HITOTSUYANAGI

Jefferies Securities

THANH HA PHAM

JPMorgan Securities Japan Co., Ltd.

RYOTA HIMENO

Mito Securities Co.,Ltd.

TAKESHI HORI

Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.

YASUHITO TSUCHIYA

Mizuho Securities Co., Ltd.

KATSUHIKO SUZUKI

Morgan Stanley MUFG Securities Co. Ltd.

TAKUYA OSAKA

Nomura Securities Co. Ltd.

MASAHARU HIROKANE

Tokai Tokyo Research Institute Co., Ltd.

KENJI KANAI

(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.