|SMBC Nikko Securities Inc.||Naomi Takagi|
|Okasan Securities Co., Ltd.||Manabu Sumoge|
|Crédit Agricole Coporate and Investment Bank, Tokyo Branch||Nigel Muston|
|Goldman Sachs Japan Co., Ltd.||Keiko Yamaguchi|
|JPMorgan Securities Japan Co., Ltd.||Ritsuko Tsunoda|
|Citigroup Global Markets Japan Inc.||Nobuyoshi Miura|
|Daiwa Securities Co. Ltd.||Makoto Morita|
|Tachibana Securities Co. Ltd.||Hisayuki Shimokawa|
|Nomura Securities Co., Ltd.||Satoshi Fujiwara|
|Macquarie Capital Securities (Japan) Limited||Leon Rapp|
|Mizuho Securities Co., Ltd.||Hiroshi Saji|
|Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.||Tomonobu Tsunoyama|
|Mito Securities Co., Ltd.||Yuka Yanagiha|
|Merrill Lynch Japan Securities Co., Ltd.||Young-Ah Han|
|Morgan Stanley MUFG Securities Co., Ltd.||Haruka Miyake|
|Sanford C. Bernstein (Hong Kong) Limited||Euan McLeish|
|UBS Securities Japan Ltd.||Satsuki Kawasaki|
The information in this table is solely for informational purposes, and is not intended as a solicitation to make investments. Estimates, opinions, and forecasts regarding Asahi Group's performance made by these analysts are theirs alone and not those of Asahi Group's or its management's.
Asahi Group does not imply its endorsement of or concurrence with such estimates, opinions, recommendations and information.
Analysts, irrespective of whether they are listed or not listed in this table, exercise their own judgment in their analysis of Asahi Group's information, performance, businesses, and make forecasts. Please be aware that Asahi Group nor its management is not involved in any process of making them.
Therefore, it should not be construed that the lists are complete lists of analysts, that Asahi Group. supports or sponsors any of these analysts, nor that the information is the latest.
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