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2. 35 45 SR 5 15 259 Shared Gxcscarch http Www sharedresearch jp Copyright C Shar
3. 1 3 48 9 Sh aredd Mesearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 9982 SR Research Report 2015 5 22 ma ee
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5. 2014 3 60 Shared Gxcscarch http Awww sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 9982 SR Research Report 2015 5 22 2015 Premiere ViSiON PARIS
6. SR SR Research Report 2015 5 22 10 2 11 2 12 2 13 2 14 2 76 000 68 865 9 4 1 700 699 58 9 1 800 1 196 33 6 1 000 573 42 7 70 300 67 199 4 4 1 280 395 69 1 1 660 1 150 30 7 1 000 592 40 8 68 000 69 297 1 9 950 2 090 120 0 1 550 2 168 39 9 710 19 0 72 000 74 547 3 5 2 300 2 744 19 3 2 370 2 875 21 3 1 400 1 444 3 1 76 500 79 370 3 8 2 750 1 921 30 1 2 900 2 010 30 7 1 700 1 152 32 2
7. 2006 Shared 1 Ch http Www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved ET 9982 SR Research Report 2015 5 22 100 100 2008 OEM
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10. SR Inc SR Inc Shared Researchn SR Inc SR Inc SR Inc
11. 2000 1 1 MD
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21. 2012 2 ZOY 2013 BERARD1I 30 2013 6 183 0 16 9 Sh aredd Mesearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 9982 SR Research Report 2015 5 22 24 6 22 6 PB 21 9 104 5 27 7
22. 38 6 120 2014 10 ZERO GATE 2007 81
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29. Sh aredd Mesearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 9982 SR Research Report 2015 5 22 1 900 2 900 25 2000 1 7545
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44. 2000 2006 Disney Disney Baby Disney Disney HANG TEN HANG TEN HANG TEN sSh ared 1 ch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved w 9982 SR Research Report 2015 5 22 hiromichi nakano children 10
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53. 5 4 OEM 30 40 20 Sh ared GYcsea ch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 9982 SR Research Report 2015 5 22 90 2 5 1
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57. 6 9 82 000 2010 2014 3 2013 2 31 2014 2 41 22 2015 2 24 2014 10
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60. 183 0 1 0 3 Sh aredd Mesearch http www sharedresearch jpD Copyright C Shared Research Inc All Rights Reserved 9982 SR Research Report 2015 5 22 1 2 3
61. QC SR 2015 2 94 2018 2 ASEAN 30 ASEAN SR 2016 2 2017 2
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63. 100 000 1 2 3 4 5 SR a b SR 3 SW Strengths amp Weaknesses Sh aredd Mesearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 9982 SR Research Report 2015 5 22 gt FY02 08 FYO02 09 FYO2 10 FYO2 11 FYO2 12 FYO2 13 FYO2 14 FYO2 15 FYO2 16
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66. M amp G M amp G 340 3 40 000 30 000 20 000 10 000 28 047 15 0 16 1 58 2 1H FY02 11 34 474 15 4 19 5 55 9 2H SR 29 372 34 899 15 7 6 18 5 16 4 56 6 56 1 1H 2H FY02 12 36 116 34 041 32 063 N11 7 a 14 1 59 5 28 1 59 2 1H 2H 1H FY02 13 FY02 14 38 475 15 9 17 9 55 4 2H SR Research Report 32 701 16 0 16 1 56 7 1H FY02 15 2015 5 22 38 095 15 8 17 9 56 7 2H 30 20 10 0 10 YA Aa AT 20 30 Ql Q2 Q3 Q4 01 02 03 Q4 Ql Q2 Q3 Q4 Ql Q2 Q3 Q4 FY02 12 FY02 13 FY02 1 4 FY02 15 x 5 000 40 4 000 30 24 22 2396 2396 3 000 20 2 000
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68. 2012 12 32 7 1 3 200 2012 3 ZOY
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72. 1 500 Zoy SR http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 9982 SR Research Report 2015 5 22 25 000 10 21 319 20 341 20 000 8 15 784 15 655 5 3 10 000 4 5 000 2 0 0 FY02 06 FY02 07 FY02 08 FY02 09 FY02 10 FY02 11 FY02 12 FY02 13 FY02 14 FY02 15 SR OEM
73. 2016 2 2016 2 SR 0 100 914 934 0 sg8 90 8 5 90 95 6 82 9 82 4 83 4 83 4 90 74 5 4 70 60 3 2 8 2 9 ow 30 7 17 20 13 Pp 1 1 1 8 18 1 io 8 18 12 22 2 29 28 1o 18 12 1 22 79 20 2 4 FY02 96 FY02 98 FY02 00 FY02 02 FY02 04 FY02 06 FY02 08 FY02 10 FY02 12 FY02 14 m SR FYO2 98 http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 9982 SR Research Report 2015 5 22
74. 2014 2 924 26 30 100 sSh ared Pb T ch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved w 9982 SR Research Report 2015 5 22 2015 2 1 2014 6 26 19 384 1 3 555 48 9 605 33 7 429 58 19 2015 2 50 19 92 5 SR 2015
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79. FY02 08 FYO02 09 FYO2 10 FYO2 11 FYO2 12 FYO2 13 1 1 468 1 705 2 675 1 357 3 497 3 554 837 3 507 2 1 548 3 488 3 368 1 885 4 572 579 446 1 986 FCF 1 2 3 016 1 783 693 3 242 1 075 4 133 391 1 521 1 168 700 34 2 053 1 723 3 540 123 1 324 A 241 268 250 263 267 335 339 380 B 1 260 5 741 4 419 2 225 4 334 330 407 2 953 C 454 1 111 1 833 1 952 1 502 730 1 613 265 FCF NI A B C 328 3 366 1 763 3 322 1 720 2 179 529 1 778 SR 5 10 10 20
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81. 1 2015 2 19 2 2016 2 17 5 2017 2 15 5 6 2015 2 8 2016 2 859 2 3 5 Sh ared Gcsearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 9982 SR Research Report 2015 5 22 7 0 28 6 0 24 0 20 4 0 16 3 0 12 2 0 8 1 0 4 0 0 0 FYO02 04 FYOZ05 FTO2 06 FY02 07 FYO02 08 FY02 09 FYO2 10 FYO02 11 FYO2 12 FYO2713 FYO2 14 FYO2 15 FYO2 16 FY02 17 Est Est 1 SR
82. 2013 7 ASEAN 2014 2 96 2015 2 949 3 709 http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 9982 SR Research Report 2015 5 22 1 2 3
83. 3 066 55 m 2013 3 2013 3 1 2013 3 1 1 2 3 AKNY BERARDI BERARDI 2015 2 10 25 00 4 38 UFJ
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105. 4000 100 000 3 500 3000 80000 2 500 60 000 2 000 1 500 40 000 1 000 20 000 500 0 0 1991 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 SR http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 9982 SR Research Report 2015 5 22 120 000 100 000 80 000 60 000 40 000 20 000 0 0 1980 1982 1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 SR 90
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