(As of 19th December 2023)

Firm (in alphabetical order)

Analyst

Daiwa Securities Co., Ltd.

Makoto Morita

Goldman Sachs Japan Co., Ltd.

Takashi Miyazaki

JPMorgan Securities Japan Co., Ltd.

Ami Yoshida

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

UBS Securities Japan Co., Ltd.

Rei Ihara

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.