The following is a list of the main analysts covering Toray Industries, Inc.

Company (Alphabetical order)

Company	Analyst
Calyon Capital Markets Asia B.V., Tokyo Branch	Mr. Makoto Kurosawa
COSMO SECURITIES CO., LTD.	Mr. Kazuyoshi Saito
CREDIT SUISSE SECURITIES (JAPAN) LIMITED	Mr. Masami Sawato
Daiwa Institute of Research Ltd.	Mr. Yusuke Ando
Deutsche Securities Inc.	Mr. Takato Watabe
Goldman Sachs Japan Co., Ltd.	Mr. Hisaaki Yokoo
KBC Securities Japan	Mr. Joel Scheiman
LEHMAN BROTHERS JAPAN INC.	Mr. Mikiya Yamada
Mitsubishi UFJ Securities Co., Ltd.	Mr. Hiroyuki Okaseri
Mizuho Investors Securities Co., Ltd.	Mr. Morio Ohshima
Mizuho Securities Co., Ltd.	Ms. Wakako Sato
Morgan Stanley Japan Securities Co., Ltd.	Ms. Akiko Kuwahara
Nikko Citigroup Limited	Mr. Takao Kanai
NOMURA SECURITIES CO., LTD.	Mr. Shuichi Nishimura
OKASAN SECURITIES CO., LTD.	Mr. Masao Yoshida
Shinko Securities Co., Ltd.	Mr. Kazuto Takami
UBS Securities Japan Ltd.	Mr. Takaaki Muramatsu

As of March 31, 2008

* The above is a list of analysts confirmed by Toray Industries to publish reports of Toray Industries.

This list is made by Toray solely based on its own criteria. Please note it is possible there are other analysts who cover Toray and that the list may not be complete or updated. Furthermore, Toray does not back up nor support those analysts on the list. The information in this table is solely for informational purposes, and is not intended as a solicitation to make investments.
Estimates and forecasts regarding Toray's performance made by these analysts are theirs alone and not those of Toray's. Toray does not imply its endorsement of or concurrence with such estimates, opinions, and recommendation.
If you actually intend to trade stock, please make such stock traded in accordance with your own judgment.