Research Disclosures & Disclaimers

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Hikari Tsushin (9435.T)

UBS Rating and Price Target History Chart

Line chart explaining Price target vs Stock Price is described in below table

EQ Rating & Price Target Table

Date	Stock Price (¥)	Price Target (¥)	Rating
2021-08-20	18390	32000	Buy
2022-03-29	14340	20000	Buy
2022-11-15	18980	22000	Buy
2023-08-04	20485	24000	Buy
2023-08-26	23340	26000	Buy
2024-04-13	28225	29000	Neutral
2024-10-01	32420	31500	Neutral

Disclosures

Within the past 12 months, UBS has received compensation for products and services other than investment banking services from this company/entity.
UBS holds a long or short position of 0.5% or more of the listed shares of this company.

Note : Historical Price Targets have been adjusted to account for any stock splits, rights issues and/or dividends which may have occurred for this security. Not Priced: Stock was not priced on the given date. No Rating: Issuer was not rated by UBS on the given day. No Price Target: For this issuer no Price Target was set by UBS on the given day.