Analyst Coverage
| Firm | Analyst |
| Barclays Securities Japan Limited | Mitsuko Miyasako |
| Citigroup Global Markets Japan Inc. | Nobuyoshi Miura |
| Credit Agricole Securities Asia B.V. | Jeanie Chen |
| Credit Suisse Securities (Japan) Limited | Satsuki Kawasaki |
| Daiwa Securities Co. Ltd. | Katsuro Hirozumi |
| Goldman Sachs Japan Co., Ltd. | Keiko Yamaguchi |
| JPMorgan Securities Japan Co., Ltd. | Ritsuko Tsunoda |
| Merrill Lynch Japan Securities Co., Ltd. | Masaaki Kitami |
| Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. | Hisae Kawamoto |
| Mizuho Securities Co., Ltd. | Wakako Sato |
| Morgan Stanley MUFG Securities Co., Ltd. | Taizo Demura |
| SMBC Nikko Securities Inc. | Yoshiyasu Okihira |
In alphabetical order
The analysts listed above have authored reports on Kao Corporation ("Kao") during the past one year period and appear on the analyst reports reference system in use by Kao and that covers Kao as of April 25, 2013.