SAPPORO HOLDINGS LTD.
SAPPORO
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Analyst Coverage

December 31, 2017

Company Analyst
SMBC Nikko Securities Inc. Naomi Takagi
Okasan Securities Co., Ltd. Manabu Sumoge
Tokai Tokyo Research Institute Co., Ltd. Kenji Araki
CLSA Securities Japan Co., Ltd. Nigel Muston
JPMorgan Securities Japan Co., Ltd. Ritsuko Tsunoda
Nomura Securities Co., Ltd. Satoshi Fujiwara
Mizuho Securities Co., Ltd. Hiroshi Saji
  • *The lists above are based on the information available to Sapporo Holdings Ltd. as of the publication. Therefore, it should not be construed that the lists are complete lists of analysts, that the Company supports or sponsors any of these analysts, nor that the information is the latest.
  • *Analysts analyze and forecast performance, operation and other aspects of the Company based on their independent judgment. The Company is not involved in any part of this process.
  • *The Company does not support or guarantee any forecasts, opinions or recommendations by these analysts.