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Analyst Coverage

As of Jan. 17, 2024

The following is a list of analysts covering API

Company Analyst
Daiwa Securities Co. Ltd. Takumi Akiyama
Nomura Securities Co., Ltd. Kohei Omura
Mizuho Securities Co., Ltd. Yosuke Ohata
SMBC Nikko Securities Inc. Hiroshi Torii
Citigroup Global Markets Japan Inc. Masashi Miki

This table is comprised of available information to API and the asset management company of API (hereafter "the Asset Manager") at the time of its publication. Therefore, there is the possibility of other analysts that are not listed on, and there is also the possibility that all of the information may not be the latest one.

The analysts listed and not listed on this table regularly or irregularly analyze API’s performance and business or forecast API’s result based on their own judgments. API and the Asset Manager are never involved in any processes related to the analysis and forecasts. And also, API and the Asset Manager do not support or guarantee these forecasts, opinions, recommendations or information.

The purpose of this table is to provide our unitholders with information concerning the analysts and the organization they belong to. It is never intended to be solicitation of investment in API.

Any decisions making on investment absolutely rest on your own judgment and on your own responsibility.

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