Home
デジタルガレージ(4819)
Contents
1.
2.
3. E
4. 10 758 ADA 6 4 987 ADA E 12 49 E EC
5. SR Inc SR Inc
6. PCDA Plan Do Check Act 4 I
7. PV UU
8. DC Shared esearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved z 4819 SR Research Report 2015 5 13 DG 3 EBITDA 100 13 68 14
9. Twitter
10. a i sh ared Mesearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 4819 SR Research Report 2015 5 13
11. Share 2011 H SIPS DX Participate a i sh ared Mesearch http www sharedresearch jp X Copyright C Shared Research Inc All Rights Reserved
12. Open Network Lab a i sh ared Mesearch z http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 481
13. oos BOSTON NEWYORK y amp 4 T pnt INDIA e HONG KONG INDONESIA MONETIZATION OPTIMIZATION INNOVATION e e M amp A e e e e e e Re neo Digital G econtext RZ igital Garage ASIA R betaworks Open Network Lab MIT Media L
14. CEO CMO CTO New Context ls NCS Guardtime USA Inc Guardtime KSI Guardtime NCS
15. DIC TOKAL
16. Twitter SR Sh atrodi escar ch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 4819 SR Research Report 2015 5 13
17. BPO 1 9747 2011 7 2012 7 4 1 2012 6 2012 6 12 1 8253
18. 2013 11 2013 11 29 3328 E
19. Attention Interest Search Action RA Share Search
20. E lt 3 B to BJ Business to Business B to C Business to Consumer C to C Consumer to Consumer a
21. HighlightCam HighlightCam HighlightCam DG HighlightCam HighlightCam HighlightCam a i sh ared esearch z http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 4819 SR Research Report 2015 5 13
22. EC 16 EC 2014 3 2014 3 27 O20 020
23. No 1 ROT DICKE K T o IE AX A A z DG amp lbex 5 per DG DMP Data Management Platform DSP CRM m u
24. BIG MINING 5 475 ADA 118 2 1 646 467 6 DG PO RORE I ORFE CJ 3 86 DG717 Betaworks Studio LLC
25. CEO CMO CTO New Context 2013 10 2013 10 15 DG Moneytree MONEY TREE PTY LTD Moneytree MONEY TREE iPad Web Moneytree
26. 1 LAWSON Rer QF se a EQ visatot E 2 gm me em i i 4 Bu AS 5 Pay easy Pa thuM AF msn i e 6 ID T 75s amp e7n423 Pp e context BLOSS M reram INNER T A Om 9 WAN n BF 10 Edy DA F ber m dr 1 O ysaHeRE LAWSON 2 gpa HX ID LAWSON SR a Shared search http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 4819 SR Research Report 2015 5 13 EC e context AS 1 SR
27. 2013 6 SR 2013 6 34961800 420 020 GE 2013 http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 4819 SR Research Report 2015 5 13
28. 1 1 Chartbeat Chartbeat Inc Chartbeat 2014 2 Betaworks Studio LLC Chartbeat Betaworks Chartbeat App Works
29. a sh ared Mesearch http www sharedresearch jp X Copyright C Shared Research Inc All Rights Reserved 4819 SR Research Report 2015 5 13 1 8 000 66 79 6 33 3 2013 8 1
30. 2012 10 H1 econtext Asia Limited 2012 9 E 2012 7 2012 7 19 9cool 9cool
31. econtext Asia Limited E IPO 1 036 ADA 11 7 79 ADA 78 1 DG
32. 90 87 DG 2 2 2014 12 2014 6 2014 8 13 2014 6 2014 6 PO ROI a i sh ared Mesearch http www sharedr
33. 2013 5 2013 5 10 2013 6 2013 4 2013 4 26 econtext Asia Limited econtext Asia 3 246 Fk 2 0 439 econtext Asia 2013 6 4
34. E CASH POST 2010 4 100 2011 6 E CASH POST
35. 3 EBITDA Earnings before interest taxes depreciation and amortization EBITDA 2015 6 EBITDA 100 2012 6 50 2014 6 2015 6 EBITDA 90 100 a sh ared Mesearch http www sharedres
36. 20 2 18 20 2015 6 DPS 5 20 25 2014 11 2014 11 H 19 2014 11 19 DANIH 2012
37. Neo Innovation Inc Neo Innovation Singapore Pte Ltd BI1 Garage CGM HH Neo Innovation Inc Neo Innovation Singapore Pte Ltd 08 6 09 6 10 6 11 6 12 6 39 583 34 499 8 347 11 067 14 904 128 3 12 8 75 8 32 6 34 7 32 087 24 348 1 527 8 877 11 063 24 1 69 1 17 9 24 6 81 1 70 6 90 2 80 2 74 2
38. E 2011 E 1 1 400 1 120 000 2 GMO 990 2 41 617 3 939 3 GMO 32 000 4 SBI 400 4 22 000 5 329 5 UFJ 16 500 6 263 6 16 007 7 150 7 15 000 8 116 8 8 000 SR http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 4819 SR Research Report 2015 5 13
39. CRM SNS SNS Facebook MySpace mixi GREE a i sh ared Mesearch z http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserv
40. 2012 11 2012 11 29 New Context Neo Innovation New Context Inc Neo Innovation Inc Neo Innovation 2012 3 EdgeCase H Pivotal Labs Cubox Proof tt 80 2012 11 EdgeCase Pivotal Labs Cubox Ruby on Rails Proof Lean Startup Lean UX a i sh ared Mesearch z http www sh
41. UP O2O Online to Offline AdTechonology 1 4324 2013 8 BI GARAGE BI GARAGE A 4788 1 9747 2006
42. Weaknesses Microsoft Apple Google DNA
43. JCB http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 4819 SR Research Report 2015 5 13 DI ire nlt Q e context rz2n i43 T E kh zem HQ econtext Asia Limited le econtext ASIA NaviPlus eCUR TS i F nm ng HER Q econtext 7 veritrans FEHER PT Midtran Midtrans SR 201
44. 1 2651 EC 2012 6 UC EC 1 2 UC 2 500 HA
45. co working space Digital Garage US Inc DGUS Digital Garage Development LLC 8 1 2
46. Sh ared Mesearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 4819 SR Research Report 2015 5 13 2013 12 2013 12 H 25 Citrus econtext Asia Limited 2013 11 Citrus Citrus Payment Solutions Pvt Ltd Citrus Payment Solutions Pte Ltd XF Citrus 460 4 7400 econtext ASIA Citrus EC EC
47. BI GARAGE 2013 11 2014 4 Com BIG MINING
48. 284 79 1 704 2007 6 4 862 39 0 17 339 5 3 1 613 999 2 476 2008 6 2007 6 4 22 244 ADMIS 128 3 1 600 172 435 ADA
49. 1 2008 Twitter SR a sh ared Mesearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 4819 SR Research Report 2015 5 13 amp 2015 1 2015 1 30 2015 6 2015 6 4 000 450 670 520 400 e EPS 110 63 85 11 DPS 25 00 7 00 2014 12 19
50. DGI ft DG MX 2015 4 22 DG Repro Repro a i sh ared esearch z http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 1 ua 4819 SR Research Report 2015 5 13 Repro Repro
51. A ies taion E http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 4819 SR Research Report 2015 5 13 2012 8 2015 6
52. App Works DG DG 1 10 1s 2015 6 1 2014 11 11 2015 6 1 a i sh ared Mesearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 4819 SR Research Report 2015 5 13
53. 2014 7 iOS EC Repro 2015 4 22 iOS Repro Repro 2016 2015 3 4 2015 2 19 econtext Asia Lmited E
54. NC Lean Startup 2 e Neo Innovation Singapore Pte Ltd Twitter Salesforce com Groupon Pivotal Labs 2010 e EdgeCase Ruby on Rails GAP 2006 Digital Garage Devel
55. DG aucfan com 2001 50 10 2 2012 10 3 PT MIDTRANS EC VeriTrans Indonesia 2012 9 2012 9 11 Fablic
56. EC VeriTrans Air Direct VeriTrans mPOS X a i sh ared Mesearch z http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 4819 SR Research Report 2015 5 13 14 822 ADA 34 2 855 E 80 7 ROI BI Garage
57. 2015 6 2014 11 DG
58. x x http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 4819 SR Research Report 2015 5 13 Bi GARAGE
59. MONEY TREE 2013 8 2013 8 30 2013 9 30 1 200 235 596 47 119 200 1 100 2014 6 2013 8 13 1 1 000 5 2013 8 1 1 4324
60. EC econtext Asia Limited econtext Asia Limited 2013 12 EC a i sh ared Mesearch http www sharedresearch jp X Copyright C Shared Research Inc All Rights Reserved 4819 SR Research Report 2015 5 13 SAEPE E Boc40 mHBHtTLO7277Hbilscd50 61923 EXIRET PHESSR UL MR 2015 6 3 720 ADA 18 1
61. e 2 683 E a i sh ared Mesearch z http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 4819 SR Research Report 2015 5 13 1 10 6 11 6 12 6 13 6 14 6 A FR 185 9 186 2 219 1 235 6 47 230 8 EPS 11 959 7 4 879 2 9 759 0 12 041 9 60 7 EPS 4 873 1 9 753 8 12 027 8 60 5 DPS 0 0 0 0 1 000 0 1 000 0 5 0 BPS 47 496 8 53 120 2 93 072 2 109 7
62. 7 781 17 596018 527 57 2 PC ROI 7 083 ADA 7 3 590 27 49 7 econtext Asia to IPO
63. Google PayPal Twitter SV Angel SV Angel a 500 Startups SV Angel 500 Startups http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 4819 SR Research Report 2015 5 13 Digital Garage US Inc
64. Shared Researchn SR Inc SR Inc SR Inc SR Inc SR Inc
65. 1 4307 7 3 2014 9 004 E B2C E E 2012 E B2C EC http www sharedresearch jp X Copyright C Shared Research Inc All Rights Reserved 4819 SR Research Report 2015 5 13 3 1 2 8 B to C EC 2008 2009 2010 2011 2012 EC B to C 6 089 6 696 7 788 8 459 9 513 13 9 10 0 16 3 8 6 12 5 EC 1 8 2 1 2 5 2 8 3 1
66. 3 sA UAIR 2015 6 EBITDA 100 2012 6 50 2015 6 40 000 18 5 4 500 72 5 6 700 50 8 5 200 82 6 EBITDA 90 100
67. SOA econtext Asia 2015 2 A 19
68. a i sh ared Mesearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved SR 4819 SR Research Report 2015 5 13 F 14 6 15 6 15 623 18 129 33 752 17 887 22 113 40 000 12 8 28 4 20 7 14 5 18 5 12 128 13 406 25 535 13 151 3 494 4 122 8 217 4 736 12 2 42 3 27 8 35 5 22 4 26 0 24 3 26 5 2 682 2 927 5 609 2 997 17 2 16 1 16 6 16 8 812 1 796 2 608 1 739 2 761 4 500 71 8 111 4 97 2 114 1 53 7 72 5 5 2 9 9 7 7 9 7 12 5 11 3 1 687 2 755 4 442 3 464 3 236 6 700 44 5 44 2 44 3 105 3 17 4 50 8 10 8 15 2 13 2 19 4 14 6 16 8 1 426 1 421 2 847 3 507 1 693 5 200 56 1 21 1 4 8 145 9 19 1 82 6
69. 1 2371 11 063 ADA 24 6 1 024 55 4 ik 199 49 519 45 2 210 29 1 500
70. 5 2012 6 2014 6 2012 6 8 245 A 2014 6 6 371 5 252 1995 8 _ 1996 10 infoseek infoseek Japan
71. 2013 6 2014 6 309618 BFAD 2 4 13 454 ADA 6 6 1 201 ADA 101 7 8 EC 3 31 6 30 15
72. 2013 12 Android Flesky 200 iOS8 IOS hk Flesky 25 DET App Store 1 2014 6 2014 6 27 2014 6 33 600 AJH 32 000 EL 2 450 BAH 1 800 E SEMIS 4 300 3 500 AAMA 2 750 2 100 EPS 58 59 44 74 IPO ROI
73. DG Fablic Fablic Open Network Lab Seed Accelerator 4 2012 1 3 2012 4 898 a sh ared Mesearch http www sharedresearch jp X Copyright C Shared Research Inc All Rights Reserved 4819 SR Research Report 2015 5 13 Fril Fril 8 000 2013 3 50 2012 8 2012 8 13
74. econtext Asia Limited 125 1 2 96 3 59 4 4 875 59 6 838 2013 12 19 2013 12 2 DG a i sh ared Mesearch http www sharedresearch jp X Copyright C Shared Research Inc All Rights Reserved 4819 SR Research Report 2015 5 13
75. a i sh ared Mesearch http www sharedresearch jp X Copyright C Shared Research Inc All Rights Reserved 4819 SR Research Report 2015 5 13 2013 4 4 1 9613 popinfo O2O G popinfo GPS Wi Fi NTT NTT
76. 40 10 DE 150 Open Network Space VC e ANYPERK Inc Ycombunator e ADDpSocially Inc 500startups Sh ared Mesearch http www sharedresearch jp X Copyright C Shared Research Inc All Rights Reserved 4819 SR Research Report 2015 5 13 e WHILL Inc 500startups APP WORKS App Works App Works 2 1
77. E 3 2014 6 16 449 409
78. 2014 4 2014 4 28 CIWorks CIWorks 2014 5 7 a sh ared Mesearch http www sharedresearch jp X Copyright C Shared Research Inc All Rights Reserved 4819 SR Research Report 2015 5 13 CIWorks TOORELT 2014 4 24
79. econtext Asia Liited econtext Asia 2013 12 E econtext Asia E econtext Asia econtext Asia 9 E econtext Asia a i sh ared esearch z http www
80. SR 2011 6 2012 6 ED U AT Z CISESS7 AINgny51 M 2014 6 a Shared esearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 5 4819 SR Research Report 2015 5 13 2014F 6
81. 8 127 ADA 11 7 398 359 4 431 1 174 147 7 781 100 5 B ug 3E 20 3 21 5 8 8 3 39 17 5 E 10 79 19 5 E 13 790 11 19 20 8696 21 1290 20 49
82. a i sh ared esearch z http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 1 ua 4819 12 6 14 903 34 7 2 610 BI SE EE 17 596 8 558 57 4 3 734 25 196 1 621 1 632 511 549 SR Enabling Platform H 13 6 27 964 87 6 2 509 3 9 9 0 11 043 29 0 39 5 14 412 286 0 51 5 1 322 290 473 1 303 SR Research Report 14 6 33 752 20 7 5 475 118 2 16 2 14 822 34 2 43 9 13 454 6 6 39 9 2 608 1 646 854 1 201 2015 5 13 e commerce PortallSearch Site M Social Media fi iG ne E Li Ww 1995 2000 2000 2008 Advertising Payment econtext an Rc amp DG amp Slbex gt BIGARAGE ASIA
83. CEO CEO 1966 3 1994 1995 PSI Japan infoseek 2002 100 2012 6 New York Times Massachusetts Institute of Technology Media Lab http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 4819 SR Research Report 2015 5 13 2014 6 487 238 35 6 559 4 4 IR
84. e Site Streams Site Streams Twitter Site Streams API Twitter API 1 CGMM Twitter Tweetmanager Site Streams Twitter CGMM
85. 3 2015 5 669 3490 Kodansha USA Inc amp FO Kodansha Advanced Media LLC 1996 a i sh ared Mesearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 4819 SR Research Report 2015 5 13 0 5 3 amp P Shared i lesearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 4819 SR Research Report 2015 5 13 14 6 Me 3Q 7 213 8 350 8 271 9 857 8 127 9 76
86. 150 0022 3 5 7 DG 03 6367 1111 JASDAQ 1995 8 17 2000 12 14 HP http www garage co jp ja 6 H IR IR IR IR a sh ared KWeSGaT ch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 4819 SR Research Report 2015 5 13 SR
87. 2013 12 25 H 9 600 1 82 200 789 120 000 amp l 5t 2013 11 1 Digital Garage US Inc DGUS DGUS Neo Innovation Inc Neo 11 1 Neo New Context Services Inc DGUS sh ared Mesearch http www sharedresearch jp X Copyright C Shared Research Inc All Rights Reserved 4819 SR Research Report 2015 5 13
88. 1 9984 OASDAQ 2428 1 2432 1 E
89. 809 Mentos Red Bull Nissan Renault Volvo Pfizer DoubleRecall 1 910 60 DoubleRecall e DoubleRecall Y Combinator Start Fund SV Angel PRE 1 8001 Mentor Equity TEEC Ang
90. Lite 1 3098 1 300 020 2014 1 2014 1H 31 HAMOLO 3 EEA SXBHREBTOMICIE BNGBA CBMOOUREOL DG LcE1A A Iauveed PICRO HAMOLO Sh ared Mesearch http www sharedresearch jp X Copyright C Shared Research Inc All Rights Reserved
91. DoubleRecall a sh ared Mesearch http www sharedresearch jp X Copyright C Shared Research Inc All Rights Reserved 4819 SR Research Report 2015 5 13 DG DoubleRecall DoubleRecall DoubleRecall DoubleRecall 2012 3 DoubleRecall e DoubleRecall 2011 1
92. a i sh ared esearch z http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 1 ua 4819 SR Research Report 2015 5 13 SR SR SER RU CUVS http www sharedresearch jp Copyri
93. 1 Lean Startup a i sh ared Mesearch http www sharedresearch jp X Copyright C Shared Research Inc All Rights Reserved 4819 SR Research Report 2015 5 13 Lean UX Lean Startup UX Ruby on Rails Ruby Github Scribd Groupon Shopify Basecamp Ruby on Rails http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 4819 SR Research Report 2015 5 13
94. 2012 6 2014 6 HER 2012 6 http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 4819 SR Research Report 2015 5 13 28 917 2014 6 econtext Asia 2014 6 34 520 4 23 643 2011 3 2013 6 2012 6 2014 6 2012 6 8 053 2013 6 3 818
95. HighlightCam HighlightCam 1 9437 NTT NTT 2012 Android Xi 11 d 2012 4 2012 4 19 Snapette Snapette O20 DG Snapette L Snapette Snapette
96. 2 530 ADA 114 4 1 856 ADA 169 9 2012 6 21 13 34 2011 6 2012 6 IH SBI 2012 6 2013 6
97. 2011 3 6 181 1 147 721 ADA 2011 3 7 194 3 248 ADA 2012 3 12 New Context Inc Lean Startup Eric Ries New Context Inc NC Ries Lean Startup NC 2012 2 2012 2 23 DoubleRecall DoubleRecall
98. SR Inc 3 31 12 tBadtir 03 5834 8787 http www sharedresearch p Email info sharedresearch p ji sh ared Mesearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved
99. 2011 5 iPhone D Android Windows Mobile com 2010 11 E E Sh atrodi escar ch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved L 4819 SR Research Report 2015 5 13 com E
100. e SR 3 SW Strengths Weaknesses a i sh ared Mesearch z http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 1 ua 4819 SR Research Report 2015 5 13 40 000 18 5 4 500 72 5 11 3 6 700 50 8 16 8 5 200 82 6 13 0 110 6 25 0 8 347 11 067 14 904 27 965 33 752 75 8 32 6 34 7 87 6 20 7 1 717 2 785 4 259 6 432 8 217 86 2 62 2 52 9 51 0 27 8 20 6 25 2 28 6 23 0 24 3 960 135 1 622 1 322 2 608 1097 0 18 5 97 2 1 2 10 9 4 7 7 7 457 973 2 709 3 079 4 442 178 5 13 6 44 3 8 8 18 2 11 0 13 2 2 208 901 2 106 2 716 2 847 133 8 28 9 4 8
101. DG DG DG DG DG 1 4756 20 3 DG IT 1 3626 C DG DG I Twitter Twitter
102. 2013 2 4 2013 6 2 2013 6 HHS 2 13 840 13 800 470 350 1 150 850 900 650 2013 6 27 000 25 000 1 650 2 800 1 700 2 1 2012 E 2 3 A83 S2 ESXEESEEODRT 1
103. 1 8316 1 2 econtext Asia 16 232 10 2 199 econtext Asia 2013 6 3 a i sh ared esearch z http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 4819 SR Research Report 2015 5 13
104. IR IR a sh ared KWeSGaT ch z http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 4819 SR Research Report 2015 5 13 API 5
105. IT Information Technology MT Marketing Technology FT Financial Technology 3 e 2013 6 AX 3 2014 6 1696 4496 400 2012 8 2015 6
106. 10 447 2011 6 9 824 2012 6 20 271 SSPR 2011 6 2011 8 11 2011 6 2011 8 2011 6 32 6 11 067 135 ADA 2010 6 960 973 ADA 457 901 A 2 208 1 2371 c 9 253
107. 2012 5 2012 5 16 Twitter Site Streams API a sh ared Mesearch http www sharedresearch jp X Copyright C Shared Research Inc All Rights Reserved 4819 SR Research Report 2015 5 13 BI GARAGE CGMM Twitter Twitter API Application Programming Interface Site Streams Twitter Site Streams CGMM Twitter Twitter Twitter
108. EC 600 8 2013 6 a i sh ared Mesearch z http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 4819 SR Research Report 2015 5 13 NaviPlus EE M 1 p E i SEM EE i Ze BIG DATA ESSE SR 12 6 13 6 14 6 3 734 14 412 13 454 25 1906 51 5906 39 9 1 303 1 201 BRAE 14 7
109. WEB infoseek infoseek 1999 The Walt Disney 2000 2000 JASDAQ 2002 2 2005 1 2007 4 GR DG
110. MG VOYAGE GROUP SBS KLab J GCA
111. 1 2 3 1 159 004 ASDAO 3 4 939 6 7 439 16 500 2 624 2013 1 11 1 200 2013 4 2014 6 2 2 411 2013 4 2015 6 e TIGE UK 7 53 2012 12 20 219 087 7 000 2
112. AdTechonology 3 2014 6 140 3 40 322 9 4 356 28 A 2 3 7 4751
113. 1 5 1 2 3 URL 4 CASH POST 5 CASH POST 1 1 100 2 RDS CASH POST E EC VeriTrans3G E
114. 2 15 E 2012 12 2012 12 21 1 4324 2012 12 21 a i sh ared Mesearch http www sharedresearch jp X Copyright C Shared Research Inc All Rights Reserved 4819 SR Research Report 2015 5 13
115. a i sh ared esearch z http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 4819 EA Ir nx M SR Research Report 2015 5 13 1 180 2010 6 7 688 2010 6 144 11 6 exea 12 6 13 6 10 6 8 347 75 8 6 630 1 717 20 6 2 677 32 1 960 617 548 113 E 457 49 1 775 21 0 9
116. 4 7000 SR http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 4819 SR Research Report 2015 5 13 2000 1 2651 GR TIS 1 3626 1 8058 2008 10 2012 10 E
117. Shared r esearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved L 4819 SR Research Report 2015 5 13 2009 2010 2011 2012 2013 5 922 2 5 842 7 5 709 6 5 891 3 5 976 2 11 5 1 3 2 3 3 2 1 4 TLE 1 713 9 1 732 1 1 723 7 1775 7 1 791 3 10 2 1 1 0 5 3 0 0 9 28 9 29 6 30 2 30 1 30 0 673 9 639 6 599 0 624 2 617 0 18 696 5 1 6 3 4 290 1 2 11 490 10 996 10 596 10 696 10 390 303 4 273 3 254 2 255 1 249 9 25 696 9 996 7 0 0 4 2 0 5 1 4 7 4 5 4 3 4 290 137 0 129 9 124 7 124 6 124 3 11 696 5 2 4 0 0 1 0 2 2 3 2 2 2 2 2 1 2 1 706 9 774 7 806 2 868 0 938 1 1 290 9 6 4 1 7 7 8 1 11 990 13 390 14 190 14 790 15 7 321 8 309 5 288 5 299 5 307 1 13 296 3 8 6 8 3 8 2 5 5 4 5 3 5 1 5 1 5 1 204 5 192 2 190 0 197 5 200 4 18 096 6 096 1 196 3 996 1 5 3 5 3 3 3 3 3 4 3 4 544 4 527 9 506 1 516 5 510 3 11 696 3 096 4 190 2 196 1 2 9 2 9 0 8 9 8 8 8 5
118. com Pay 30 3 670
119. 27 7 980 209 27 6 297 2013 6 1 310 ADA 29 7 158 a i sh ared Mesearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 4819 SR Research Report 2015 5 13 ADA 2011 6 243 ADM Twitter Twitter Twitter New Context Inc
120. 2012 3 2012 3 29 SBI 1 8473 SBI BA SBI SBI SBI SBI 100 SBI
121. NextDG SNS LinkedIn SV 4819 SR Research Report 2015 5 13 2011 11H Memolane 2012 4 SBI 2012 9 EC econtext Asia Limited 2012 10 1990 1983 1993 1995 1996 infoseek
122. Yahoo Infoseek Google Google 2008 Facebook Facebook SNS facebook 2010 3 Twitter C T
123. com com PC EC com a sh ared Mesearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 4819 SR Research Report 2015 5 13 33 3 3499 e 2012 6 201
124. Lean StartuD Neo Innovation Singapore Pte Ltd IH Pivotal Labs Singapore Pte Ltd EdgeCase LLC 2013 DG717 http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 4819 SR Research Report 2015 5 13
125. SR 2012 4 IH SBI 2012 9 E http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 4819 SR Research Report 2015 5 13 econtext Asia Limite
126. Digital Garage US Inc Open Network Lab 2 DG Open Network Lab 2012 6 lt Digital Garage US Inc Z amp FOX Neo Innovation Inc
127. KSI Open Network Lab 3328 1 2371 3 2010 4 2011 9 70 0 3 3 3 2013 8
128. 960 1 435 2 207 2011 6 a i sh ared Mesearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved Shared i 4819 SR Research Report 2015 5 13 10 6 11 6 12 6 13 6 14 6 SR 11 000 10 600 13 800 25 000 8 347 11 067 14 904 27 965 24 1 4 4 8 0 11 9 300 250 1 350 1 650 960 135 1 622 1 322 20 1 19 9 800 500 2 500 2 800 457 973 2 709 3 079 94 5 8 4 10 0 500 310 2 100 1 700 2 208 901 2 106 2 716 190 7 0 3
129. pm Qecontext veritrans r3 i ib I E h Enabling Platform 2 SR http www sharedresearch jp X Copyright C Shared Research Inc All Rights Reserved 4819 SR Research Report 2015 5 13 3 2013 6 2012 4 2012 6 E
130. 2013 3 12 Neo Innovation Inc Lean Startup Neo Innovation Lean Startup Neo Lean Fund Lean Startup Neo Innovation Eric Ries Neo Innovation 80 Neo Lean Fund 2013 2 2013 2 27 econtext Asia Limited
131. 2005 3 2012 3 349 2012 3 7 444 1 300 2013 6 BI GARAGE 74 096 DG 10090 e Digital Garage US Inc 10096 2011 7 e Neo Innovation Inc 100 e econtext Asia Ltd 80 5 10096 10090 EC econtext Asia E 20 83
132. SR 5 2010 6 2014 6 2010 6 2014 6 Shared esearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 4819 SR Research Report 2015 5 13 5 2012 6 2014 6 2012 6 5 678 2 549 ADA 2014 6 4 189 512 2010 6 2013 6
133. App Works Chartbeat Betaworks 12 6 13 6 ARJ 14 6 8 558 11 043 14 822 57 4 39 5 43 9 SRTA SRH SR a Sh ared GYcsea ch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 4819 SR Research Report 2015 5 13_ PDCA
134. 2012 12 13 Kip BI GARAGE Kiip Inc Kiip 2012 12 Ponta 5 000 Kiip Kiip Ponta 2012 12 6 2013 6 2 a i sh ared esearch z http www sharedresearch jp Copyright C Shared Research
135. 7 524 2011 6 4 785 2012 6 12 308 3 227 2011 6 4 351 2012 6 7 578 992 2011 6 912 2012 6 1 904 2 677 2011 6 0 2012 6 2 677 10 336 2011 6 1 769 2012 6 12 105 8 787 2011 6 6 169 2012 6 14 956 8 053 2011 6 2 870 2012 6 10 923 sh ared esearch z http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 4819 SR Research Report 2015 5 13
136. econtext Asia Limited 3 2 2014 1 7 EC Bina DG fb EC Bilha E http www bilna com PT Bilna CEO Ferry Tenka Bilna 2012 12 P amp G Nestle Danone 500 10 000 500
137. 3 023 26 3 1 139 ADA 141 6 100 2 DG 2 Wikipedia Jimmy Wales Wikia Wikia Inc Wikia
138. 19 6 245 80 2 a i sh ared Mesearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 4819 SR Research Report 2015 5 13 6 790 4 496 3 421 4 4 316 ADA 55 2 E EC
139. 7 DG INCUBATION Media Lab Fund Lean Global v ej Open Network Lab http onlab jp SR DG DG DG
140. VAUNU XE SR 2013 econtext Asia 1 8253 EC O020 A
141. aos a i sh ared esearch z http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 4819 SR Research Report 2015 5 13 0 0 0 161 741 100 0 13 000 SBI 1997
142. 8 1 14 1 9 7 8 4 186 186 219 236 47 231 EPS 11 959 7 4 879 2 9 759 0 12 041 9 60 7 EPS 4 873 1 9 753 8 12 027 8 60 5 DPS 0 0 0 0 1 000 0 1 000 0 5 0 BPS 47 496 8 53 120 2 93 072 2 109 707 2 648 1 4 800 4 785 12 308 15 329 24 295 324 912 1 904 2 641 8 064 3 413 4 351 7 578 9 037 8 597 14 208 14 345 28 005 33 837 45 455 430 377 913 2 039 2 159 2 819 3 596 7 341 9 041 14 808 2 249 2 103 13 080 11 094 8 588 19 706 20 421 49 339 56 011 71 010 1 021 541 1 141 1 232 1 630 2 809 2 519 10 740 305 3 691 5 743 6 169 14 956 18 230 16 434 9 941 9 933 28 506 21 802 25 461 670 351 183 6 800 8 841 936 592 356 6 950 9 059 10 877 10 526 28 862 28 752 34 520 8 830 9 896 20 477 27 259 36 490 3 480 2 870 10 923 7 105 12 532 5 163 132 2 542 3 212 35 1 234 165 9 411 1 515 5 155
143. DGUS EdgeCase LLC New Context Inc 2012 2 9 2012 6 2 2012 6 1 1 000 2012 1 2012 1 27 Intercom Inc DG CRM Customer Relationship Management Intercom Twitter 500 Startups Intercom 100
144. TIS EC econtext Asia Limited IT TIS EC TIS IT econtext ASIA EC EC 2013 12 6
145. a i sh ared Mesearch http www sharedresearch jp X Copyright C Shared Research Inc All Rights Reserved 1 ua 4819 SR Research Report 2015 5 13 IPO 020 Online to Offline
146. 1 130 ADA 167 2 DG App Works Betaworks Studio Chartbeat App Works Chartbeat Betaworks Studio
147. 44 7 46 390 38 79 31 1 51 796 38 090 67 5 E 50 1906 a i sh ared Mesearch http www sharedresearch jp X Copyright C Shared Research Inc All Rights Reserved 4819 SR Research Report 2015 5 13 2015 6 EBITDA 90 2015 6 EBITDA 100 100 2015 6 20 2 20 25 5 20 8 29 22 69
148. 4819 SR Research Report 2015 5 13 Share s Spread LT dp E GMO 1 3769
149. 2014 6 5 427 2014 6 12 532 2010 3 9 052 2014 6 36 490 4 27 660 E 4 2012 6 2012 6 4 145 4 145 2013 6 1 313 2014 6 econtext Asia 4 438
150. 87 812 1 187 2 608 398 1 739 2 201 48 9 4 500 71 8 90 2 97 2 359 4 114 1 85 5 72 5 1 2 5 2 5 0 7 7 4 9 9 7 8 4 11 3 474 1 687 2 498 4442 1 174 3 464 4 394 E 65 6 6 700 183 4 44 5 32 4 44 3 147 7 105 3 75 9 50 8 6 5 10 8 10 5 1328 14 4 19 4 16 7 16 8 389 1 426 1 873 2 847 781 3 507 4 079 E 78 4 5 200 82 3 56 1 15 2 4 8 100 5 145 9 117 8 82 6 5 4 9 1 7 8 8 4 9 6 19 6 15 5 13 0 SR 2015 6 3 3 26 265 ADA 9 9 2 201 ADA 85 5 1 522 wA 689 4 39
151. NTT O2O0 NTT NTT EC xt 020 Online to Offline 2013 3 2013 3 29 econtext Asia Limited 1 825
152. 44 688 000 19 9790 DSI ORNA 2 000 000 0 8990 2014 11 20 2014 12 18H 2015 1 16 a 698 Shared KMesearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved f a 4819 SR Research Report 2015 5 13 2014 10 2014 10 29 DG 9 Fleksy Fleksy Fleksy
153. 2 Lean Startup O Lean Startup Pivotal Twitter Salesforce com Groupon Pivotal Labs 2010 10 EdgeCase tt Ruby on Rails GAP 2006 20 a sh ared Mesearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 4819 SR Researc
154. twitter Media Do 2013 11 NYSE 2013 11 TSEM 19 4 4 755 DHaseesran 63 4 843 HHA 2014 12 TSEM 2014 12 TSEM 5 455 s 87 10 053 Note Iw 35 CN AdStaqe Inc 6 U i w pxy Pa Rid DU JuKIGEe A 0 7 24 496 O2O EH ta AnyPerk Inc idu m TY Iji Goocpatch ANO 18 396 R anvesnk Fo T ye 14 6 2014 12 1 59 SR
155. 2 208 SR 11 067 32 6 8 282 2 785 25 2 2 650 23 9 135 1 2 926 866 88 973 8 8 58 72 48 5 0 901 8 1 14 904 34 7 10 645 4 259 28 6 2 637 17 7 1 622 1097 0 10 9 1 216 1 004 128 2 709 178 5 18 2 63 237 410 16 2 2 106 133 8 14 1 27 965 87 6 21 533 6 432 23 0 5 110 18 3 1 322 18 5 4 1 2 180 1 361 423 3 079 13 6 11 0 1 305 168 1 510 35 8 2 716 28 9 9 7 2006 6 http www sharedresearch jD KEVF ALORS 2006 6 ze Copyright C Shared Research Inc All Rights Reserved lt 4819 SR Research Report 2015 5 13 4 630 59 0 12 476 ADA
156. a i sh ared Mesearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 4819 SR Research Report 2015 5 13 XU C IcdsO Aside Uc E EO E econtext Asia Limited 20 30 Sendo Sendo Technology JSC
157. 1 2 3 3 1 EC EC EC
158. SR E 2014 12 PC IT SR E 2 AIDMA AISAS Twitter Facebook mixi SIPS amp BK Desire Memory Action Search Action Share 3ER AI
159. Neo Innovation Inc Neo Innovation 2012 1 Neo Innovation Singapore Pte Ltd IH Pivotal Labs Singapore Pte Ltd EdgeCase LLC EdgeCase Neo Innovation DG 2 1 2
160. 22 9 635 321 1 e Sk fc 634 21 9 219 2010 6 108 Twitter 2011 5 Twitter 2011 6 1 452
161. gt gt lt gt gt lt gt New Context Service Inc Neo Innovation Inc Digital Garage US Inc Digital Garage Development LCC H gt y I mm SUA LL San Francisco Singapore SR Digital Garage US Inc DGUS 2011 7 Gi 2013 11 DGUS Neo Innovation Inc IH New Context Inc Digital Garage Development LLC Neo Innovation New Context Services Inc DGUS DGUS 2011 8 1 Pivotal Labs
162. 1 946 1 769 12 105 9 968 7 355 2 249 2 103 13 080 11 094 8 588 5 498 6 076 21 333 22 173 25 554 19 706 20 421 49 339 56 011 71 010 1 021 541 1 141 1 232 1 630 2 809 2 519 10 740 305 3 691 5 743 6 169 14 956 18 230 16 434 367 705 1 669 2 035 3 706 9 941 9 933 28 506 21 802 25 461 670 351 183 6 800 8 841 265 241 173 150 218 936 592 356 6 950 9 059 10 877 10 526 28 862 28 752 34 520 1 836 1 872 6 017 7 330 7 399 5 522 5 558 9 703 11 016 10 817 1 498 2 399 4 505 7 003 9 616 8 830 9 896 20 477 27 259 36 490 1 297 996 1 375 1 474 2 050 ATI SR 3 480 2 870 10 923 7 105 12 532 1 320 1 914 1 385 8 224 11 763 SR 2014 6 71 010 4 51 303 4
163. 170 117 ADARE 2 430 2009 6 DG PAIE 5 084 AA 12 8 DG 981 DG 4 425 15 854 5 451 2010 6 2009 6 DG 26 152 75 89
164. SR Research Report 2015 5 13 4819 sr_inquiriesQ sharedresearch jDp 4819 SR Research Report 2015 5 13 EE EEEE A EEEE E EE E EI ERRE AEE E EE EERE 3 aE E 10 2 4 hu 5 o MHH 5
165. 1999 6 infoseek infoseek 2000 12 1996 12 1 2433 I amp S I amp SBBDO uL 1997 5 2000 5 E a i sh ared Mesearch http www sharedresearch jp X Copyright C Shared Research Inc All Rights Reserved 1 ua 4819 SR Research Report 2000 12 2002 6 2003 1 2003 2 2004 12 2005 1 2005 7 2006 1 2006 1 2006 8 H 2007 4 2007 4 2008 10 2009 5 2009 6 2009 6 2009 8 2010 5 2010 6 2011 5 2011 6 2011 7 a i sh ared Mesearch http www sharedresearch jp X Copyright C Shared Research Inc All Right
166. 7 110 9 970 812 1 010 1 310 40 2 91 9 24 4 29 7 180 28 9 9 7 9 1 88 386 180 7 1 180 2 531 53 3 96 0 16333 3 114 4 10 05 0 1 10 7 17 0 172 981 960 135 1 622 1 147 527 151 659 1024 1 422 3 542 108 243 159 1 595 884 144 688 1 857 SR http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 4819 SR Research Report 2015 5 13 2012 6 100 CGM 74 Neo Innovation 100 Neo Innovat
167. DGI MX Technologies Inc MX MX PFM 2010 6 MX FinTech Finovate 5 MX 500 USAA MX tt DGI MX FinTech MX
168. Intercom CRM Web a i sh ared Mesearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 4819 SR Research Report 2015 5 13 2012 1 18 1 Digital Garage US Inc New Context Inc fb NC 2 1 NC Pivotal Lab
169. 2015 6 2 2 17 887 14 5 1 739 114 1 906 708 3 464 ADA 105 3 2 234 3 507 ADA E 145 9
170. DM 419 8 407 5 391 0 396 0 389 3 5 2 2 9 4 0 1 3 1 7 7 1 7 0 6 8 6 7 6 5 288 1 264 0 255 0 236 7 228 9 18 796 8 4 3 4 7 2 3 3 4 9 4 5 4 5 4 0 3 8 608 5 592 0 571 2 597 5 619 6 8 0 2 7 3 5 4 690 3 7 SR Shared esearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 4819 SR Research Report 2015 5 13 4 2010 2011 2012 1 347 9 350 0 351 4 353 1 7 4 0 6 0 4 0 5 172 8 161 4 161 4 151 5 5 7 6 6 0 0 6 1 49 7 46 1 45 9 42 9 28 7 33 0 31 9 35 2 7 7 15 0 3 3 10 3 8 290 9 4
171. I ANTON 5 cumaripn M Lean Startup NEO NEW CONTEXT II mec MARKETING Web R DG amp lbex 3 BIGARAGE gt Web gt NaviPlus gt O20 PAYMENT e econtext Qecontext Dveritrans gt SR http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 4819 SR Research Report 2015 5 13 12 6 13 6 14 6 ARJ 290 SEFE SR DG
172. 3 295 568 15 273 1 817 11 261 ROA 4 5 6 0 5 2 4 5 ROE 9 7 14 0 11 8 10 1 44 5 48 1 41 1 45 9 42 9 SR 2013 10 1 1 200 http www sharedresearch jp FH o Copyright C Shared Research Inc All Rights Reserved 4819 SR Research Report 2015 5 13 2015 5 13 2015 6 3 2015 6 3 2015 5 12 2015 5 1 DG
173. 9 1 10 0 27 8 23 3 24 0 27 1 6 9906 16 2 3 0 12 9 8 090 6 790 6 8 7 7 16 0 18 6 16 6 16 0 9 1 16 3 10 8 3 6 4 6 5 3 4 7 4 5 102 6 113 7 117 5 123 4 19 796 10 896 3 396 5 0 29 5 32 5 33 4 34 9 PC 77 4 81 7 7 1 72 8 14 5 5 6 5 6 5 6 22 290 23 390 21 9906 20 690 25 2 32 0 40 4 50 6 39 2 27 0 26 3 25 2 296 9 190 11 590 14 390 DY SR SR
174. CK Google Twitter DGUS http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 4819 SR Research Report 2015 5 13 Pivotal Labs
175. 2015 6 40 000 ADA 18 596018 4 500 72 5 6 700 ADA 50 8 5 200 82 6 2014 20 2015 6 5 Boi 20 1 25 E 7 500 ADA 37 0 3 600 2 2 17 000 AAA 14 79 1 100 28 8 15 500 ADA E 15 2 1 450 ADA 20 79 2015 6
176. 5 4819 SR Research Report 2015 5 13 2012 9 PICRO 2014 1 5 000 10 HAMOLO 2014 1 H 20 2014 6 2 3281 2014 6 HHS 2 15 600 15 000 750 ADA 300 1 600 AJA 350 1 300 ADA E 100 AAM 1 2
177. 9 ual E e 9 E a E E E E 9 22 ui AO E AE E A 22 SW Strengths Weaknesses 4M mme 45 2 47 1 54 a OA aA EEE S NE 56 SBER IDE r e E E 56 1 60 Irure 63 2c MP HEU NC 65 xe DIE NER TETTE TETTE TO TE DTE 66 p c HO 66 A ET E E E E E E 69 PL E EEE EPA EEEE OE E E EEEE E 91 1 Pe 91 jl E 92 lel 92 uo o nn 93 o 93 2 E 97 i sh ared CSCar ch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 4819 SR Research Report 2015 5 13_ 1995
178. 995 4 6 13 5 10 3 11 8 S 8 1 14 1 9 7 8 4 z 4 5 6 0 5 2 4 5 9 7 14 0 11 8 10 1 0 33 0 55 0 43 0 53 0 53 1 297 996 1 375 1 474 2 050 142 9 144 4 98 2 155 2 178 5 139 9 141 1 97 1 153 5 178 7 0 38 0 01 0 13 0 13 0 00 15 0 19 3 6 8 30 2 32 2 0 5 0 0 0 1 0 1 0 0 53 6 30 0 21 3 14 1 14 1 401 301 379 100 576 SR esearch lt http www sharedresearch jD Copyright C Shared Research Inc All Rights Reserved 4819 SR Research Report 2015 5 13 10 6 11 6 12 6 13 6 14 6 4 800 4 785 12 308 15 329 24 295 8 3 155 2 501 3 405 3 768 889 324 912 1 904 2 641 8 064 2 239 1 466 2 480 2 689 3 659 79 70 36 18 21 3 413 4 351 7 578 9 037 8 597 220 259 294 355 69 14 208 14 345 28 005 33 837 45 455 430 377 913 2 039 2 159 2 504 3 306 4 300 5 521 10 644 2 677 3 103 3 619 2 819 3 596 7 341 9 041 14 808
179. ADA 98 9 14 412 ADA 285 9 1 303 ADA 137 19018 E 2012 9 E econtext Asia Limited E 3 31 6 30 2012 4 1 2013 6
180. Inc All Rights Reserved 4819 SR Research Report 2015 5 13 2013 6 2 VU ERBSRSTRRBISITCEE AR 13 800 11 000 350 150 850 700 650 350 2013 6 2 3 6 2013 6 2012 4 1 2013 6 30 15 2 9 2013 6 2
181. sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 4819 SR Research Report 2015 5 13 econtext Asia econtext Asia Scheme of Arrangement AUF SOA SOA econtext Asia 75
182. 0 8 377 37 0 2 2 27 6 29 1 11 7 16 9 1 3 1 393 2 102 1 725 2 997 1 873 2 863 1 837 32 6 1 9 28 6 51 6 34 5 36 2 6 5 19 1 25 2 20 9 304 23 0 29 3 21 9 REE 1 306 1 376 1 351 1 576 1 475 1 522 1 375 18 6 10 6 13 5 23 3 12 9 10 6 1 8 18 0 16 5 16 3 16 0 18 2 15 6 16 4 87 726 374 1 421 398 1 341 462 38 5 147 4 103 6 359 4 84 8 23 3 1 2 8 7 4 5 14 4 4 9 13 7 5 5 474 1 214 811 1 944 1 174 2 291 929 a 183 4 21 3 12 7 63 1 147 7 88 7 14 6 6 5 14 5 9 8 1 9 7 14 4 23 5 11 1 389 1 037 447 974 781 2 727 572 82 3 48 0 65 5 92 0 100 5 163 0 28 0 5 4 12 4 5 4 9 9 9 6 27 9 6 8 4Q 1Q 4Q 7 213 15 623 23 804 33 752 8 127 17 887 26 265 65 7 40 000 37 0 12 8 17 5 20 7 11 7 14 5 9 9 18 5 1 393 3 494 5 220 8 217 1 873 4 136 6 573 32 6 12 2 17 2 27 8 34 5 35 5 25 9 19 1 22 4 21 8 24 3 23 0 26 5 25 0 1 306 2 682 4 033 5 609 1 475 2 997 4 372 18 6 1 6 5 3 9 8 12 9 11 7 8 4 18 0 172 16 9 16 6 182 16 8 16 6
183. 07 2 648 1 SR 2007 1 1 2 2009 6 2012 6 2013 6 2013 10 1 1 200 10 6 11 6 12 6 13 6 14 6 1 5 163 132 2 542 3 212 35 2 1 234 165 9 411 1 515 5 155 FCF 1 2 3 930 33 6 869 4 726 5 190 3 295 568 15 273 1 817 11 261 CA 423 370 396 1 557 1 387 B 357 32 829 1 936 816 C 401 301 379 100 576 FCF NI A B C 1 740 1 540 1 295 2 238 2 842
184. 3 Neo Innovation Inc 2 2013 6 3 HO HO HO 3 DG Lean Gl bal 3 opHo ms RT LE EESTI m HQ HQ HQ econtext E Digital Garage Z SR http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 4819 SR Research Report 2015 5 19 SW Strengths Weaknesses Strengths
185. 3 1 FEDRE CHEE 2 3 econtext Asia 12 174 7 5 1 649 a i sh ared esearch z http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 4819 SR Research Report 2015 5 13 econtext Asia 2013 6 3
186. 30 15 a i sh ared esearch z http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 1 ua 4819 SR Research Report 2015 5 13 11 043 29 0 472 7 59 2 509 3 9 290 ADA 82 296 Neo Innovation Inc 2012 6 2012 fF 8 H 13 2012 6 14 904 ADA 34 7 1 622 ADA E 1 097 0 2 709 ADA 178 5 2 106 ADA E 133 8
187. 4 ADA 75 9 2 301 4 079 117 8 http www sharedresearch jp X Copyright C Shared Research Inc All Rights Reserved 4819 SR Research Report 2015 5 13 3 M RTARTA AARE SEXT UJI 65 79 70 8 48 99 45 59 65 696 56 29 78 496 65 890 11 784 10 896 843 Ei 31 096018
188. 59 8 2006 6 2010 6 2009 6 2011 6 2012 6 EIE EBITDA EBITDA ROA ROE CF CF 10 6 11 6 12 6 13 6 14 6 1 717 2 785 4 259 6 432 8 217 20 6 25 2 28 6 23 0 24 3 960 135 1 622 1 322 2 608 1 2 10 9 4 7 7 7 537 506 2 017 2 880 3
189. 60 15 6HN EIA 7 53492048 P3RIALL A 74 UAR BHRMURIS 10OIBEHRE C his 29 86 1 100 gr vrinam BF IJA 7 PAF Himmet EBISA AC RE XH Il0OMPIE CELA RENE 19 56 D 95 D 48 BEER enans onanie D d 7 355 5 8 173 3 471 714 7n 27 c Hm E LB AG RADZIPERIL EE HAIA RD BNRIBER 12 68 13 68 LLL EHI EM HE m 4 616 5 661 6 369 SR http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 4819 SR Research Report 2015 5 19 1995 TIT Information Technology MT Marketing Technology FT Financial Technology 3
190. 7 2012 1 5 66 12 9 DC E C Eram yE TORE Pay 12 JKA 77 PAY DG 9
191. 9 SR Research Report 2015 5 13 2013 6 2013 8 13 2013 6 2013 6 27 964 ANA 87 6 1 322 ADA 18 59 1 361 499 3 078 ADA E 13 6 1 131 2 715 ADA 28 99 Ei ONAE iE 940 ADA 398 2 EBITDA 5 900
192. A Im gt f BILGARAGE NaviPlus 71 text com Q 25 5 SR DG amp Ibex BL GARAGE a Shared esearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 1 ua 4819 SR Research Report 2015 5 13 x 774 72783x0mlz 3 DG amp Ibex O20 Web BT Garage ft EC SR 3 2008 DG
193. C 4 98 sh ared Mesearch http www sharedresearch jp X Copyright C Shared Research Inc All Rights Reserved 4819 SR Research Report 2015 5 13 TAA OZXUEEAGRU UAJ5 DPsRH y Ri PayPal EC 2013 11
194. DMA 1920 Attention Interest AISAS 2004 Attention Interest SIPS 2011 Sympathy Identify Participate Share amp Spread amp SR AIDMA TV CM Shared esearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 4819 SR Research Report 2015 5 13
195. ab m SR http www sharedresearch jp X Copyright C Shared Research Inc All Rights Reserved 4819 SR Research Report 2015 5 13 2 3 Twitter
196. aredresearch jp Copyright C Shared Research Inc All Rights Reserved 4819 SR Research Report 2015 5 13 2012 11 19 DG iPhone Android SnapDish 2011 5 1 81 60 150 d cs 2012 10 2012 10 15
197. d 2012 12 econtext Asia IPO O20 ys Japan OX Asia e e EC e EC gt M amp A e amp gt e EC i e EC e EC gt JW N e VAUVA apro EC 209 Qe ac RAaL2a2 mmDpDu
198. earch jp Copyright C Shared Research Inc All Rights Reserved 4819 SR Research Report 2015 5 13 2015 6 14 6 15 6 i nbi 2012 8 40 000 ES 33 751 5 475 7 500 RU UE a 14 822 12 500 13 454 20 000 2 608 6 500 1 645 3 500 854 1 500 1 201 3 000 4 442 9 000 2 847 6 200 EBITDA 6 607 10 000 SR 2015 6
199. ed 4819 SR Research Report 2015 5 13 WEB WEB SNS Q amp A
200. el 2012 2 10 2012 1 2 Lean Startup Open a i sh ared esearch z http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 4819 SR Research Report 2015 5 13 Network Lab 3
201. esearch jp X Copyright C Shared Research Inc All Rights Reserved 4819 SR Research Report 2015 5 13 33 752 ADA 20 7 2 608 E373 FH E 97 290 1 741 4 442 ADA 44 3 3 econtext Asia Limited 374 2 847 ADA 4 89 s 2014 6 2014 6 27 105 5 144 9 126 99 135 6
202. ght C Shared Research Inc All Rights Reserved 4819 SR Research Report 2015 5 13 X27 MAE O 1 FTA RE al kk kk ab ab b ab ab be be ab a oO c9 o c9 SN 9 Q e d OQ cQ QU CN SN N SS O O O S P S OQ POP em SR 2013 PC 83 2013 9 381 7 203 2 178 2004 2006 2009 15 7 4
203. h Report 2015 5 13 F 10 AR 14 31 6 99 3 84 3 33 THE BANK OF NEW YORK MELLON SA NV BNY GCM CLIENT ACCT JP RD LMGC 3 22 TIS 3 14 133524 3 02 MSIP CLIENT SECURITIES 2 17 1 81 505041 1 49 2014 6 CEO 1959 1983 1994 Ao 1995
204. ion Singapore 100 DG 100 Open Network Lab 70 2013 6 DG 100 Open Network Lab 70 Neo Innovation 100 Neo Innovation Singapore 100 CGM 74 econtext Asia 100 100 100 SR DG Neo Innovation Inc Neo Innovation Singapore Pte Ltd
205. opment LLC 8 1 2 2013 DGUS Neo Innovation Lean Startup Sh ared Mesearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 4819 SR Research Report 2015 5 13 New Context Services TNCS 2013 11 DGUS
206. s Singapore Pte Ltd Pivotal EdgeCase LLC EdgeCase NC NC DG NC Do
207. s Reserved 2015 5 13 GR TIS JASDAQ 459 3 Ivi DG GR ITI DG BI GARAGE
Download Pdf Manuals
Related Search
Related Contents
HiPath 3000 Gigaset SL2 professional in HiPath MANUEL D’ENTRETIEN Samsung T24C350AH Pleasant Hearth L-20W Installation Guide PRS-350 Betriebsanleitung Operating Instructions Instrucciones de Uso Mode d`emploi Chapter 2 - Security cameras 1.Getting Started 1.1 Basic Operations 1.1.1 Power On/ Off and Sleep compact filtration unit -eco equipement de filtración a dos Copyright © All rights reserved.
Failed to retrieve file