Analyst Coverage

(As of October 2018)

Firm (in alphabetical order) Analyst
Citigroup Global Markets Japan Inc. Nobuyoshi Miura
CLSA Securities Japan Co., Ltd. Nigel Muston
Daiwa Securities Co., Ltd. Makoto Morita
Goldman Sachs Japan Co., Ltd. Keiko Yamaguchi
JPMorgan Securities Japan Co., Ltd. Ritsuko Tsunoda
Macquarie Capital Securities (Japan) Limited Leon Rapp
Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. Tomonobu Tsunoyama
Mizuho Securities Co., Ltd. Hiroshi Saji
Morgan Stanley MUFG Securities Co., Ltd. Haruka Miyake
NOMURA SECURITIES CO., LTD. Satoshi Fujiwara
OKASAN SECURITIES CO., LTD. Manabu Sumoge
SMBC NIKKO SECURITIES INC. Naomi Takagi

Note

Above list is based on the information available to Suntory Beverage & Food (SBF) as of the publication and compiled by SBF. Please note it is possible that there are other analysts who make an analysis of SBF’s performance, and that the above does not always show the most updated list of analysts covering SBF.

Analysts analyze and forecast performance, operation, products, technologies and other aspects of SBF based on their independent judgment. SBF is not involved in any part of this process.

The information in above list is solely for informational purposes, and is not intended as a solicitation to make investments.

If you actually intend to trade stock, please make such decisions in accordance with your own judgment and responsibility.

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