NANKAI(9044) 1Q決算：通期計画上ぶれず予想に対してin-lineのスタート

Research evidence excerpt

NANKAI(9044) 1Q決算：通期計画上ぶれず予想に対してin-lineのスタート

articipant of the Philippine Stock Exchange and a member of the Securities

Clearing Corporation of the Philippines and the Securities Investor Protection Fund. It is regulated by the Securities and Exchange Commission.

Singapore: This material is issued and distributed in Singapore by or through J.P. Morgan Securities Singapore Private Limited (JPMSS) [MDDI (P)

057/08/2025 and Co. Reg. No.: 199405335R], which is a member of the Singapore Exchange Securities Trading Limited, and/or JPMorgan Chase

Bank, N.A., Singapore branch (JPMCB Singapore), both of which are regulated by the Monetary Authority of Singapore. This material is issued and

distributed in Singapore only to accredited investors, expert investors and institutional investors, as defined in Section 4A of the Securities and Futures

Act, Cap. 289 (SFA). This material is not intended to be issued or distributed to any retail investors or any other investors that do not fall into the classes

of ˘accredited investors,˙ ˘expert investors˙ or ˘institutional investors,˙ as defined under Section 4A of the SFA. Recipients of this material in

Singapore are to contact JPMSS or JPMCB Singapore in respect of any matters arising from, or in connection with, the material.

South Africa: J.P. Morgan Equities South Africa Proprietary Limited and JPMorgan Chase Bank, N.A., Johannesburg Branch are members of the

Johannesburg Securities Exchange and are regulated by the Financial Services Conduct Authority (FSCA).

Taiwan: J.P. Morgan Securities (Taiwan) Limited is a participant of the Taiwan Stock Exchange (company-type) and regulated by the Taiwan

Securities and Futures Bureau. Material relating to equity securities is issued and distributed in Taiwan by J.P.