List of Analysts Apr. 7, 2022

1. Goldman Sachs Japan Co., Ltd.
2. Norihiro Miyazaki
1. Daiwa Securities Co. Ltd.
2. Jiro Kojima
1. SBI SECURITIES Co.,Ltd.
2. Makoto Hatada
1. Marusan Securities Co.,Ltd.
2. Ryo Kawauchi

・The list above is prepared based on the information available to giftee Inc. (hereinafter, “the Company”) at the date of the update. Please note that there may be analysts who are not included in the list, and the information may not necessarily be the newest.

・Please note that any opinions, estimates or forecasts regarding our performance made by these analysts are theirs alone and do not represent the opinions, forecasts or predictions of our management or the Company. We do not imply any endorsement or concurrence with information, conclusions or recommendations published by them.