|Daiwa Securities Co., Ltd.||Hirosuke Tai|
|Japaninvest KK||Tony Moyer|
|Macquarie Capital Securities (Japan) Limited||William Montgomery|
|Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.||Mie Yamazaki|
|Mizuho Securities Co., Ltd.||Takeshi Tanaka|
|Morgan Stanley MUFG Securities Co., Ltd.||Jin Sup Park|
|Nomura Securities Co., Ltd.||Ryo Tazaki|
|QUICK Business Research Institute||Hiroyuki Toyoda|
|SMBC Nikko Securities, Inc.||Yukihiko Shimada|
|Toward the Infinite World, Inc.||Takao Hattori|
|UBS Securities Japan Co., Ltd.||Mariko Watanabe|
* This is the list of analysts at securities and research companies who make recommendations and report on azbil's performance, etc. The list may not be complete and is subject to change.
* Any opinions, estimates or forecasts regarding azbil's performance made by the analysts are theirs alone and not those of azbil or its management. Azbil does not imply its endorsement of or concurrence with any information, estimates, opinions and recommendations.