We hereby announce the initiation of coverage of TMS Co., Ltd. by Mr. Stephen Barker and Mr. Naoya Miura of Jefferies.

 

Please contact Jefferies (Japan) Limited for inquiries regarding the report.

[Note]

  • The analysts’ forecasts of financial results, comments on business in the report are based on their own judgment, and neither the Company nor its management has any involvement in any way.
  • This announcement is not intended as a solicitation to invest.
  • Please make investment decisions at your own discretion.