as of June, 2010

Analysts who have issued reports on Idemitsu kosan.

Firm Analyst
Citigroup Global Markets Japan Takashi Miyazaki
Cosmo Securities Kazuyoshi Saito
Credit Suisse Securities (Japan) Yuji Nishiyama
Daiwa Securities Capital Markets Satoshi Abe
Mitsubishi UFJ Securities Reiji Ogino
Mizuho Investors Securities Hirofumi Kawachi
Mizuho Securities Hidetoshi Shioda
Morgan Stanley Japan Securities Lalita Gupta
Nomura Securities Financial & Economic Research Center Shigeki Matsumoto
Okasan Securities Yoshihisa Miyamoto
UBS Securities Japan Toshinori Ito

* in alphabetical order of firm

Disclaimer

This list is made by Idemitsu based on information available to the company.
Please note that it is possible that there are other analysts making reports on Idemitsu, and that the table does not always show the most updated list of the analysts covering Idemitsu.
Analysts, irrespective of whether they are listed or not listed on this table, exercise their own judgment in their analysts of Idemitsu's performance, businesses, products and technologies, and make forecasts. Please be aware that neither Idemitsu nor its management is involved in any process of making these forecasts.Idemitsu 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 decision, any reliance on these reports is at the investor's own discretion.