| Analyst | Company |
|---|---|
| Toyoki Sameshima | BNP Paribas Securities (Japan) Limited |
| Mana Nakazora | BNP Paribas Securities (Japan) Limited |
| Hironari Nozaki | Citigroup Global Markets Japan Inc. |
| Toshiyasu Ohashi | Daiwa Securities Co. Ltd. |
| Maoki Matsuno | Daiwa Securities Co. Ltd. |
| Katsunori Tanaka | Goldman Sachs Japan Co., Ltd. |
| Shiro Yoshioka | Japaninvest KK (Ji Asia) |
| David Threadgold | KEEFE, BRUYETTE & WOODS |
| Tatsuo Majima | Tokai Tokyo Research Center Co., Ltd. |
| Shinichi Ina | UBS Securities Japan, Ltd. |
As of April 1, 2012
[Note]
- This list was compiled based on information as of the date shown above. Please note that there may be other analysts following the Bank who are not listed above and that the information listed may not represent the most recent analyst coverage.
- The information in this list is intended solely for corporations or research institution analysts who conduct analysis or create outlooks based on the Bank's financial results for presentation to shareholders. It constitutes neither an offer nor a solicitation to purchase or sell Aozora stock.
- Analysis of results and services, etc. and predictions by analysts are based on analysts' personal opinions and are in no way contributed to by Aozora Bank. The Bank does not endorse or offer any guarantees with regard to outlooks, opinions or recommendations made by analysts.
- Please be aware that investment decisions are based on personal judgment and are the responsibility of the individual investor.



