ベリテ｜9904｜ - シェアードリサーチ
Contents
1. SR 52. MG J
3. MEN STOKYO 2011 10 2011 420 2012 1 060 1 040 5 6 1 033 6 1 020 1 000 980 960 940 920 900 880 2 860 840 4 CY12 CY13 CY14 CY15 CY16 CY17 CY18 10 YoY 4 2 0 SR
4. www sharedresearch jD Shafred eSeafCh 24 54 R Shared Research Report 9904 LAST UPDATE 2015 10 07 SR 40 50 15
5. 1 5 796 MD VMD MAHARAJA MiMiKaZaRi Pierce Garden MiMiKaZaRi 2 1 2 2
6. 2016 3 2017 3 1 2 SNS 3 Shop in Shop 12 4
7. 1 1991 2012 1 135 000 1 amp 37 669 2 63 064 2 32 000 3 34 900 3 30 960 4 27 489 4 As me 27 642 5 23 240 5 21 027 6 17 748 6 20 290 7 1
8. 2014 3 2014 5 13 2014 3 9 778 7 4 240 14 7 20 72 7 152 33 9 2014 5 9 1 BEAUTY FOR EVERYONE OIREIN 8
9. 2012 3 MiMiKaZaRi 2013 6 MiMiKaZaRi 2014 11 MiMiKaZaRi www sharedresearch jD Shared eseatch 19 54 R Shared Research Report 9904 LAST UPDATE 2015 10 07
10. 1 24 655 24 655 24 655 24 655 27 231 27 231 27 231 FY03 09 FY03 10 FY03 11 FY03 12 FY03 13 FY03 14 FY03 15 FY03 16 EPS 84 7 4 4 4 5 6 58 3 0 4 EPS DPS BPS 325 4 292 6 284 9 275 7 253 2 258 9 200 9 SR 2013 3 ASTON 2006 1 1 3 www sharedresearch jD sShared eS atche 48 54 R Shared Research Report
11. Instagram Facebook Twitter SNS 2015 5 2 1 SR Shop in Shop Verite MAHARAJA DIAMOND MiMiKaZaRi 3 Shop in Shop
12. 12 3 www sharedresearch jD eshared eseatch 37 54 R Shared Research Report 9904 LAST UPDATE 2015 10 07 1 2 LE COUTURE RE BRILLER 4
13. 40 100 2 MiMiKaZaRi MiMiKaZaRi Pandora 2014 10 18
14. SR FYO03 09 7 646 1 42 7 153 1 073 26 4 204 4 164 40 968 3 139 364 79 2 695 261 2 004 430 10 786 3 130 2 248 882 151 151 3 282 3 7 72 4 423 370 325 22 7 504 3 029 1 427 FY03 10 FYO3 11 7 057 1 617 673 49 4 235 4 204 31 581 2 538 283 43 2 212 187 1 736 289 9 596 2 706 1 603 76 27 144 144 2 850 3 7 72 4 052 740 326 12 6 745 3 305 576 1 041 6 989 15591 375 25 4 507 4 459 48 541 2 602 331 23 2 248 59 1 508 581 9 592 2 654 1 276 895 483 369 200 169 3 023 3 772 4 052 910 326 19 6 568 3 606 1 095 496 FYO03 12 8 835 2 016 654 32 9 333 YA 41 864 2 252 564 22 1 665 149 1 261 255 11 077 4 503 254 2 891 1 358 407 200 207 4 911 3 7 72 4 052 E29 326 19 6 355 Ta 3 091 1 075 FYO03 13 10 324 2 288 1 652 5 300 5 268 1 084 1 636 320 13 1 302 37 1 235 30 11 960 4 778 1 324 2 600 854 289 289 5 068 3 972 3 928 1
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71. Shared eSeafch 47 54 www sharedresearch jD R Shared Research Report 9904 gt LAST UPDATE 2015 10 07 1 249 2006 12 3 750 2009 3 2014 3 7 045 FYO03 09 FYO03 10 FYO03 11 FYO03 12 FYO03 13 FYO03 14 FYO03 15 10 6 18 2 21 0 9 2 6 5 7 2 Ll 1 1 1 1 0 9 0 9 0 8 2 4 3 2 6 9 6 1 4 7 6 0 34 20 17 40 6 1 328 343 341 401 419 437 150 113 3 9 78 61 213 250 305 381 397 427 SR
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97. gt LAST UPDATE 2015 10 07 MiMiKaZaRi MiMiK3ZaRi SR 7 CRM LTV 20 CRM DM 9 CRM CRM LTV
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111. 5 2015 5 1 1 2015 3 2 2015 3 FY03 15 FY03 13 FY03 14 FY03 15 4 609 5 956 10 565 4 547 5 231 9 778 3 756 5 244 9 000 3756 4 844 8 600 400 YoY 4 3 1 0 2 4 1 1 326 12 2 1 71 4 17 4 0 2 8 0 17 4 7 42 12 0 2 169 2 652 4 841 2 219 2 682 4 901 1 831 1 831 2 419 3 304 5 723 2 327 2 550 4 877 1 924 1 924 YoY 2 5 7 5 3 0 3 8 22 8 14 8 17 3 17 3 52 5 55 5 54 2 51 2 48 7 49 9 51 2 51 2 2 704 2 814 5 518 2 317 2 338 4 655 2 030 2 030 58 7 47 2 52 2 51 0 44 7 47 6 54 0 54 0 284 493 209 10 230 240 105 345 240 105 27 132 372 YoY 131 5 344 7 53 3 14 8 50 0 8 3 2 0 0 2 4 4 2 5 2 8 6 6 2 7 2 8 6 0 2 7 343 417 74 67 87 20 154 254 100 154 79 233 333 YoY 197 9 79 1 1 73 0 192 0 400 0 7 0 0 7 1 7 0 2 4 1 4 8 1 1 4 1 4 8 1 1 456
112. 5 723 54 2 5 518 0 4 52 2 209 344 7 2 0 FYO03 12 FYO03 13 8 603 12 0 4 481 4 121 47 9 4 262 8 4 49 5 141 1 6 113 150 254 3 0 1 283 1 283 1 587 18 4 FY03 14 8 100 5 8 3 750 4 350 53 7 4 200 1 5 51 9 150 1 9 70 0 9 FYO3 09 5 567 48 3 548 EBIT DA 427 EBITDA 3 7 ROA ROE 3 029 244 3 79 0 CF 49 2 19 0 CF 50 6 401 SR 2007 1 4 552 49 2 660 558 6 0 6 0 10 8 90 7 111 2 328 3 305 260 6 82 8 34 5 15 4 35 3 213 276 4 878 51 2 59 0 6 162 1 7 0 0 2 5 99 3 106 4 343 3 606 263 3 73 1 4 4 7 6 3 9 250 301 2999 51 3 47 200 1 8 0 9 3 3 104 7 107 1 341 5 733 196 2 58 6 48 0 16 9 34 9 305 2 127 5 723 54 2 209 2 0 356 3 4 1 1 0 6 1 7 91 7 91 1 401 626 2
113. 569 113 74 226 152 189 229 40 169 1 341 1 530 1 570 YoY 934 5 60 3 34 5 1 3 73 7 SR 2015 3 4 1 3 4 0 4 2 736 www sharedresearch jD Shafred eSeafCh 40 54 R Shared Research Report 9904 LAST UPDATE 2015 10 07 1 189
114. 59 53 696 51 296 54 496 10 993 10 905 10 631 10 595 10 603 10 496 9 945 YoY 0 8 2 596 0 396 0 1 1 0 5 296 39 8 42 39 40 49 34 296 40 39 38 196 44 9 362 2 479 2 830 3 792 3 487 3 618 2 110 2 200 YoY 26 396 14 29 34 096 8 0 3 8 41 796 4 396 12 29 9 696 10 8 12 2 13 396 13 1 9 59 9 6 FY03 09 FY03 10 FY03 1LL FY03 12 FY03 13 FY03 14 FY03 15 FY03 16 12 045 11 451 11 118 10 022 8 557 692 8 307 10 116 YoY 4 9 2 9 9 996 14 696 10 1 8 0 21 8 8 052 7 813 7 580 6 610 5 703 4 702 5 242 YoY 3 0 3 0 12 896 13 796 1 696 11 596 66 8 68 29 68 29 66 0 66 7 61 1 63 1 7 322 564 7 088 6 936 6 366 5 381 5 060 YoY 396 6 396 2 196 8 296 15 59 6 096 60 8 66 1 63 8 69 29 74 496 70 0 60 9 730 249 491 326 662 680 182 454 YoY 65 9 97 2 149 5 6 1 2 296 4 496 396 96 8 896 2 29 4 596 SR 2014 3 As me JASDAO 7872 1 7937 JASDAO 7638
115. 1 296 2 8 8 8 81 81 81 80 80 80 83 83 84 81 81 79 81 80 84 79 80 79 79 Verite 74 74 74 73 73 73 74 74 75 72 72 70 74 73 5 70 73 70 70 MAHARAJA 5 5 5 5 5 5 7 7 7 7 7 7 5 5 7 7 5 7 7 MiMiKaZaRI 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 21 8 8 6 11 19 2 39 9 7 10 696 10 79 11 7 11 6 15 8 3696 1 19 13 5 7 49 11 49 6 7 gt 10396 2 0 Z66 33 69 23 9 17 49 18 19 17 4 14 9 14 99 12 29 15 5 2 2 13 1 3 1 24 9 16 9 14 4 1 2 21 0 6 8 17 0 17 7 20 196 7 7 19 3 9 3 5 1 4 9 0 6 4 6 18 4 8 4 4 3 15 396 11 496 3 5 5 4 13 596 5 196 11 3 76 79 79 80 79 79 79 80 80 80 77 77 79 79 80 77 79 77 77 a FY03 14 a 13 4 13 5 13 6 13 7 13 8 13 9 13 10 13 11 13 12 14 1 14 2 14 3 Qi Q2 Q3 Q4 1H 2H 8 5 8 7 7 496 0 8 9 8 1 9 7 0 4 2 2 39 8 49 10 8 0 3 3 39 4 2 0 1 0 8 3 8 0 59 2 0 17 496 2 596 9 59 7 29 14 2 11 6 9 49 8 9 12 69 14 6 30 0 19 4 2 8 11 1 10 796 20 6 4 39 15 8 10 3 7 696 11 0 2 4 6 9 5 19 11 0 2 69 14 496 17 09 26 99 27 4 23 7 6 0 7 79 11 89 25 0 0 59 18 2 9 3 87 84 83 83 83 82 82 84 84 82 81 80 83 82 84 80 82 80 80 Verite 75 75 75 76 76 75 75 77 77 75 74 73 75 75 77 73 75 73 73 MAHARAJA 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 MiMiKaZaRi 2 2 2 2 2 2 2 2 2 2 2
116. 10 9 100 110 150 130 40 10 os 6S 169 na 113 152 SZ 24 7 16 9 SR Www sharedresearch jp Shared eSeafCh 14 54 R Shared Research Report 9904 gt LAST UPDATE 2015 10 07 MiMiKaZaRi CRM 9 2014 3
117. 16 1 82 5 4 0 4 5 3 7 381 105 4 877 49 9 240 2 5 288 2 9 1 6 0 2 2 2 84 7 67 1 419 6 521 240 7 72 5 15 2 16 6 16 3 397 893 12 9 13 719 Shared WeseafcH 44 54 www sharedresearch jD R Shared Research Report 9904 gt LAST UPDATE 2015 10 07 514 2006 1 232 61 59 304 241 1 199 2006 1 205 2007 10 933 116
118. 2 0106 JSJHD 100 JSJ 1 564 2 153 3 80 2015 3 JSJ JSJ 2015 4 17 2015 1 JSJ
119. 2 3 2 3 2 2 2 1 297 328 277 243 234 191 137 2 2 2 7 2 6 2 6 2 6 2 1 1 5 SR 1 2 3 10 10 10 2012 59 19 169 69
120. 4 202 354 215 58 16 69 157 164 25 30 1 428 NT 1 170 0 10 YoY 306 9 a 80 5 27 0 56 5 5 11 5 8 4 13 7 6 4 2 6 0 7 2 8 5 8 9 4 1 2 1 4 52 1 6 4 0 1 101 102 104 97 83 82 84 80 81 80 84 79 77 Verite 76 78 78 73 75 75 77 73 74 73 75 70 69 MAHARAJA 4 4 4 4 5 5 5 5 5 5 7 7 6 MiMiKaZaRi 2 1 2 2 2 2 2 2 2 2 2 2 2 21 19 20 18 1 8 3 8 5070 4 720 5 604 5 268 6 085 6 442 6 208 5 927 5 944 5 951 5 898 4 738 4 754 YoY 5 5 12 1 0 9 0 5 20 0 36 5 10 8 12 5 2 3 7 6 5 0 20 1 20 0 448 394 584 269 461 522 471 380 641 550 536 296 484 FY01 05 FYO1 06 FYO1 07 FY10 07 FYO3 08 FY03 09 FYO3 10 FYO3 11 FY03 12 FYO03 13 FY03 14 FYO3 15 FY03 16 Vr 3 16 376 15 753 13 719 8 861 5 491 11 519 9 246 9 530 10 823 10 565 9 778 8 603 8 100 503 YoY 5 8 3 8 12 9 19 7 3 1 13 6 2 4 7 4 12 0 5 8 8 198 7754 6 647 4 411 2637 5951 4 693 4 652 5 268 4 841 4 901 4 481 3 750 8 178 7 999 7072 4449 2 854 5567 4 552 4 878 5 555 5 723 4 877 4 121 4 350 229 YoY 3 9 2 2 11 6 8 5 620 7 2 13 9 3 0 14 8 15 5 5 5 49 9 50 8 51 5 50 2 52 0 48 3 49 2 51 2 51 3 54 2 49 9 47 9 53 7 7 982 8 250 7 534 5 231 2 616 6 116 5 213 4 815 5 4
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123. 6 286 7 18 400 8 14 075 8 TASAKI 14 023 9 13 239 9 QVC 13 000 10 12 813 10 11 860 SR 1991 2009 M amp A As me
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125. 97 5 518 4 655 4 262 4 200 62 YoY 4 7 3 4 8 7 3 14 8 7 6 14 2 0 4 15 6 8 4 1 5 48 7 52 4 54 9 59 0 47 6 53 1 56 4 50 5 50 8 52 2 47 6 49 5 51 8 195 251 462 781 237 548 660 59 47 209 240 141 150 291 YoY 45 5 20 3 344 7 14 8 1 2 1 6 3 4 8 8 4 3 4 8 7 1 0 6 0 4 2 0 2 5 1 6 1 9 245 232 514 933 272 694 611 4 90 74 20 254 70 324 YoY 100 8 8 a a 73 0 1 5 1 5 3 7 10 5 5 0 6 0 6 6 0 0 0 8 0 7 0 2 3 0 0 9 391 205 1 199 1 545 215 1 935 768 169 212 113 152 1 587 10 1 597 YoY 8 8 8 8 8 8 34 5 8 Dh OO T7206 3 9 16 8 8 3 1 8 2 0 1 1 1 6 18 4 0 1 112 105 102 94 89 100 97 80 79 79 VErite 81 77 73 73 70 71 1 MAHARAJA 3 4 4 5 7 6 1 MiMiKaZaRi a 2 2 2 2 5 19 18 s 5015 5 210 4 571 3 891 4101 4204 4 235 4 507 5 333 5 300 5 958 4 760 YoY 3 3 3 9 12 3 0 7 6 4 18 3 0 6 12 4 20 1 220 241 269 255 328 343 341 401 419 437 421 16 SR 2016 3 1 2015 8 13 2016 3 1 Q1
126. 99 47 9 53 796 6 116 5 213 4 815 5 497 5 518 4 655 4 262 4 200 YOY 14 89 696 14 296 0 4 15 6 8 496 1 596 53 196 56 496 50 59 50 89 52 296 47 696 49 59 51 996 548 660 59 47 209 240 141 150 YOY 20 3 344 7 14 8 4 896 196 0 6 0 4 2 0 2 5 1 696 1 996 As me FY03 09 FY03 10 FY03 1LL FY03 12 FY03 13 FY03 14 FY03 15 FY03 16 29 733 27 630 27 068 29 177 29 809 34 421 33 778 34 370 YoY 196 2 096 896 2 296 15 59 1 9 1 8 17 766 16 852 16 681 17 976 18 286 21 282 20 777 YoY 5 196 1 096 896 1 7 16 496 2 496 59 896 61 0 61 6 61 6 61 3 61 8 61 5 17 355 15 931 15 377 15 462 15 958 19 026 19 739 YoY 8 2 3 59 0 6 3 2 19 2 3 7 58 496 57 7 56 8 53 0 53 596 55 396 58 496 410 921 1 304 2 513 2 328 2 255 1 037 1 585 YoY 124 696 41 696 92 796 496 3 196 54 09 52 896 1 496 396 4 896 8 696 7 8 6 69 3 1 4 696 Eee 40E740 FY03 10 FY03 11 FY03 12 FY03 13 FY03 14 FY03 15 FY03 16 27 637 25 789 26 296 30 960 26 298 27 549 22 148 23 000 YoY 6 796 2 09 17 796 15 1 4 8 19 6 3 8 14 356 13 384 13 462 14 388 14 091 14 115 12 056 YoY 6 896 0 6 6 9 2 1 0 29 14 69 51 996 51 996 51 29 46
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128. LAST UPDATE 2015 10 07 9904 Research Report by Shared Research Inc sr_inquiries sharedresearch jp R Shared Research Report 9904 LAST UPDATE 2015 10 07
129. haredresearch jD Shafred eSeafCh 50 54 R Shared Research Report 9904 gt LAST UPDATE 2015 10 07 gt gt gt 2008 5 2010 3 1 2011 3 2 1 0 Mu 52 019 15 29 4 46 3 3796 2 8296 0 91 0 84 SBI 0 81 0 69 0 59 0 59 SR 2015 3
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