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1. www sharedresearch jD sSharedd eSeafch 34 63 R Shared Research Report A 7603 gt LAST UPDATE 2015 09 01 2015 2 x 600 329 79 2 000 27 1 900 50 6 4 3 792 3 926 SR
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117. 43 9 43 1 47 8 44 2 46 0 42 5 40 9 43 4 45 9 44 2 768 372 129 729 520 780 2 715 1 140 600 1 300 YoY 26 8 77 7 96 0 32 3 109 7 31 5 58 0 47 4 14 0 4 3 2 0 0 7 3 8 2 8 3 9 7 0 3 1 1 7 3 4 835 416 39 739 550 830 2 902 1 251 700 1 380 YoY 25 8 76 6 77 6 34 1 99 5 37 4 56 9 44 0 10 3 4 7 2 2 0 2 3 9 3 0 4 1 7 5 3 4 1 9 3 6 448 101 179 369 245 375 2 470 549 190 620 YoY 33 7 94 4 265 3 45 3 271 3 30 3 77 8 65 4 12 9 48 2 45 0 47 1 48 0 48 8 46 3 48 0 46 5 47 6 47 5 PB 50 1 51 7 53 1 56 7 40 0 50 9 55 0 55 0 2 2 5 9 10 4 13 5 1 3 4 1 12 0 12 0 7 815 8 150 8 303 8 366 8 465 8 534 15 830 15 965 16 669 17 000 2 884 2 821 2 859 2 911 5 687 5 705 5 770 6 012 736 917 979 783 1 647 1 653 1 762 1 945 2 338 2 343 2 301 2 350 4 803 4 681 4 651 4 740 1 857 2 069 2 164 2 322 3 693 3 926 4 486 4 303 YoY 0 2 1 5 6 2 2 7 8 3 4 7 4 8 0 9 4 4 6 5 1 4 0 7 0 9 3 2 9 3 0 3 1 1 5 4 4 0 4 2 33 0 14 6 6 7 0 4 6 6 17 7 2 3 2 8 1 6 0 3 7 8 2 5 0 6 1 3 3 6 8 8 16 5 12 2 2 3 6 3 14 3 9 6 SR
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119. 2014 2 43 4 12 7 13 09 17 59 2012 2 2014 2 Shared WSeseafcH 25 63 www sharedresearch jD R Shared Research Report gt 7603 43 4 43 5 46 2 48 0 46 5 43 7 45 0 41 1 40 9 43 4 0 3 1 5 5 1 7 0 3 1 0 1 1 1 5 2 7 5 3 4 5 9 5 0 4 7 6 4 1 5 1m 197 186 191 189 185 1 16 462 16 083 19 503 20 487 19 589 46 4 47 5 46 5 46 4 47 8 43 6 46 0 43 7 41 8 43 6 2 8 1 5 2 8 4 7 4 2 2 7 1 4 2 7
120. 2011 SR 1 400 31 35 YoY 1 300 30 1 200 25 1 100 20 1 000 15 900 10 800 5 700 0 600 5 500 10 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
121. 2015 3 5 4 2 MHSS2 5 4 10 www sharedresearch jD Shared eseatch 14 63 7603 R Shared Research Report gt LAST UPDATE 2015 09 01 2015 4 2014 4 2017 2 2015 2 2016 2 2015 4 2018 2 2014 4 2015 4 FY02 13 FYO2 14 FYO2 15 FYO2 16 FY02 15 FYO02 16 FY02 17 38 658 36 749 38 500 39 800 41 500 35 952 35 000 33 800 33 100 YoY 4 4 4 9 4 8 3 4 4 3 2 2 2 6 3 4 0
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124. 77 8 29 7 265 3 65 4 45 3 271 3 12 9 SR 2014 10 2 2015 2 2 2015 2 2 17 364 18 400 129 520 y 39 550 179 245 2015 2 36 300 38 500 600 1 300 700 1 380 190 620 www sharedresearch jD Shared eseatch 57 63 R Shared Research Report At lt 7603 gt LAST UPDATE 2015 09 01 2 1 036
125. LAST UPDATE 2015 09 01 166 0011 1 7 7 1999 2 10 2 IR http www mac house CO jD ir IR eSeafch 62 63 R Shared Research Report SR MG
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131. 4 7 4 1 0 8 0 5 2 2 2 2 2 0 1 m 340 290 277 299 304 1 21 928 21 364 21 006 20 727 19 544 43 9 44 6 48 9 47 3 43 5 51 0 52 5 50 7 48 8 50 4 7 2 7 9 1 8 1 5 6 9 6 9 7 6 1 5 1 0 6 4 8 2 20 7 10 0 2 7 7 6 1 m 534 413 373 371 1 16 492 14 521 14 388 14 674 SR LAST UPDATE 2015 09 01 8 2012 8 2012 1m 2 2014 2
132. 7 3 2 2 3 A SO SU 4 7 6 49 1 5 0 3 0 3 SR 10 2 11 2 12 2 13 2 14 2 54 360 44 790 37 000 38 900 39 000 48 942 42 411 40 449 38 658 36 749 10 0 5 3 9 3 0 6 5 8 1 440 120 326 2 300 2 900 132 633 2 064 2 715 1 140 533 1 18 0 60 7 1 650 250 470 2 440 3 030 40 466 2 112 2 902 1 251 97 6 349 4 18 9 58 7 35 760 650 1 260 1 550 2 895 2 102 1 895 2 470 549 96 0 64 6 SR 2012 2 1 5
133. 7 5 0 8 1 5 2 4 1 1 2 8 2 2 1 4 2 8 1 3 1 7 3 1 0 6 1 7 747 88 140 276 164 203 229 157 290 126 1 230 46 8 620 1 251 347 620 YoY 12 9 67 2 84 1 69 1 78 0 63 6 43 1 76 8 78 7 56 9 72 3 78 7 8 0 1 0 1 6 2 7 1 8 2 4 2 5 1 7 3 2 1 3 1 8 3 4 1 0 1 8 428 20 32 69 45 224 66 10 48 960 0 5 48 0 100 549 123 100 YoY 19 0 86 5 93 6 94 7 89 5 106 3 6 7 77 8 4 6 0 2 0 4 0 7 0 5 2 7 0 7 0 1 0 5 0 0 0 3 1 5 0 3 0 3 486 481 486 482 486 480 482 480 470 450 482 480 450 12 5 12 2 18 5 13 7 5 50 0 10 31 43 10 2 10 6 14 9 15 37 5 40 25 45 40 4 618 4 295 4 197 5 203 4 339 4 242 4 309 4 771 4 308 18 313 17 661 2 844 2 397 2 687 3 306 2 599 2 269 2 768 3 067 2 606 11 234 10 703 1 774 1898 1 510 1897 1740 1973 1 541 1704 1 702 7 079 6 958 2 698 2 296 2 638 2 366 2 429 1 994 2 422 2 087 2 263 9 998 8 932 1 450 1 172 1 453 1 184 1 280 982 1 267 1 037 1 136 5 259 4 566 1 247 1 124 1 185 1 183 1 149 1 012 1 155 1 050 1 127 4 739 4 366 2 066 1 846 2 043 2 482 2 284 2 073 2 352 2 646 2 542 8 437 9 355 985 662 1 092 904 1 016 711 1 180 885 1 005 3 643 3 792 1 081 1 183 952 1 579 1 268 1 362 1 172 1 761 1 537 4 795 5 563 YoY
134. 790 YoY 5 1 3 8 6 7 10 79 12 9 4 896 0 9 6 5 4 4 3 0 2 6 6 2 996 2 096 8 2 8 8 15 69 9 396 0 3 5 496 1 196 0 4 9 496 1 796 6 796 13 39 27 596 6 79 0 4 17 7 6 6 5 9 5 2 4 3 3 8 10 29 9 2 7 8 2 5 1 3 0 6 1 6 28 3 8 1 36 6 55 8 6 8 8 5 25 9 69 89 75 9 12 7 3 096 4 9 14 89 35 8 14 1 10 8 23 3 30 2 36 3 6 496 5 6 8 4 8 7 5 3 2 1 6 8 8 0 10 8 6 8 38 5 40 5 43 7 45 0 41 1 40 9 43 4 44 2 45 9 45 8 45 8 A 15 2 15 7 16 6 17 5 15 5 14 7 15 5 15 6 15 9 15 9 4 5 4 7 5 0 5 0 3 8 4 3 4 5 5 1 4 9 4 9 11 1 11 7 13 1 13 5 12 9 12 4 12 7 12 3 12 8 12 8 1 0 1 3 1 4 1 0 0 5 0 5 0 4 0 5 0 8 0 8 0 6 0 6 0 696 0 6 0 4 0 5 0 6 0 7 0 8 0 8 6 1 6 5 6 9 7 3 8 0 8 6 9 7 10 0 10 8 10 5 SR PB Navy 360 Navy RUN DENIM www sharedresearch jD Shared eseatche 36 63 R Shared Research Re
135. 9 11 0 3 4 0 9 6 9 5 6 9 4 YS 0 1 11 9 3S 8 9 3 1 DO 2 6 3 3 7 3 9 6 6 9 12 4 6 3 9 2 15 9 5 97 8 3 10 5 2 5 05 63 R Shared Research Report gt 7603 LAST UPDATE 2015 09 01 FYO2 14 15 8 16 FYO02 16 FYO02 16 FY02 14 FY02 15 FY02 16 9 383 PE Tp 10 rh 9 056 Er rr rm 9 115 52 9 17 220 26 0 35 000 36 749 35 952 35 000 YoY 3 6 3 4 10 3 2 4 3 5 1 5 2 3 5 4 0 7 0 8 2 6 4 9 2 2 2 6 4 643 3 941 4 242 4 279 4 381 3 792 4 290 4 190 4 361 52 6 8 285 26 2 16 630 17 105 16 653 16 630 YoY 2 8 3 1 14 6 9 6 5 6 3 8 1 1 2 1 0 5 1 4 0 1 7 8 2 6 0 1 49 5 46 7 47 8 42 6 48 4 45 6 47 2 44 1 47 8 48 1 47 5 46 5 46 3 47 5 3 938 3 877 4 110 4 040 4 277 4 026 4 089 4 059 4 109 50 9 8 065 25 6 16 030 15 965 16 451 16 030 YoY 0 7 1 1 0 4 3 4 8 6 3 8 0 5 0 5 3 9 2 9 2 6 0 9 3 0 2 6 42 0 45 9 46 3 40 2 47 2 48 5 45 0 42 7 45 1 46 8 45 8 43 4 45 8 45 8 704 64 132 240 103 232 199 132 252 114 5 220 42 0 600 1 140 202 600 YoY 13 3 73 0 84 3 71 0 85 4 50 8 45 0 144 7 197 0 58 0 82 3 197 0
136. HEAT 2013 2 120 600 100 500 80 400 60 300 40 200 20 6 27 31 00 20 100 2 200 300 FY02 00 FY02 01 FY02702 FY02703 FY02704 FY02 05 FY02 06 FY02 07 FY02708 FY02 09 FY02 10 FY02 11 FY02 12 FY02 13 FY02714 FY02 15 e www sharedresearch jD Shared eseatch 19 63 R Shared Research Report AA 7603 gt LAST UPDATE 2015 09 01 20 486 20 482 0 568 RE 486 486 15 10 9 542 479 480 10 526 498 481 480 5 563 542 33 516 477 5 519 510 0 i SN YA 5 gt 5 10 10 lt 0 15 gt 15 20 20 25 25 02 0 Q4 02 0 Q4 02 0Q3 Q4 0 0 004 QQ Q2 QQ 0Q4 Ql Q2 Q3 Q4 FY02 10 FY02 11 FY02 12 FY02 13 FY02 14 FY02 15
137. Q3 Q4 Q1 Q2 Q3 Q4 FY02 10 FY02 11 FY02 12 FY02 13 FY02 14 FY02 15 L__ FEG SR 20 26 21 55
138. 0 12 215 12 264 12 102 11 526 10 824 10 410 10 027 9 772 9 626 YoY 2 3 0 4 1 3 4 8 6 1 3 8 3 7 2 5 1 5 SR 2014 2 1 80 www sharedresearch jD Shared eseatche 20 63 R Shared Research Report AA 7603 gt LAST UPDATE 2015 09 01 100 2013 2 100 10 15 3 6 3 J 2015 2
139. 21 146 350 150 000 107 542 a 91 662 75 058 59 671 3 47 013 50 000 39 791 39 263 21 723 18 640 14 629 36 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 8 000 7 360 7 000 6 000 5 000 4 000 3 000 2 000 ire i 1 067 903 801 RE 1 000 in 0 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 SR 12 000 10 276 10 285 9 828 10 000 971 957 W 9 061 8 923 9 050 BMN 3 054 890 895 896 316 921 8 000 3 6 000 4 000 2 000 2 810 2 814 2 2 492 2 423 2 470 2 519 2 548 2 448 0 2006 2007 2008 2009 2010 2011 2012 2013 2014 SR Www sharedresearch jp eshat eSeafch 28 63 R Shared Research Report A 7603 gt LAST UPDATE 2015 09 01 2010 2011
140. 24 2 3 6 17 0 9 0 7 4 4 9 2 5 2 4 3 3 0 8 25 8 10 3 1 7 www sharedresearch jp 7 6 0 9 6 6 17 3 13 3 4 5 1 4 4 2 5 9 1 4 5 4 4 2 11 8 12 9 1 3 5 8 1 4 4 5 8 3 7 8 0 4 5 0 5 8 10 2 14 6 10 8 4 2 11 3 16 7 6 5 6 2 0 3 3 2 5 2 9 0 5 1 4 0 3 1 7 2 6 1 2 1 4 16 4 9 7 2 2 1l 7 14 5 8 2 10 7 12 2 8 2 8 9 2 7 3 7 2 5 5 9 12 8 12 9 11 9 8 0 0 8 8 10 4 12 3 3 8 4 0 2 9 8 8 2 1 7 5 0 8 1 3 1 8 2 6 0 79 1 9 1 0 7 15 4 1 6 16 8 2 9 1 6 4 7 s Shared 11 6 16 2 5 3 3 8 6 7 12 9 14 2 19 2 11 2 13 1 3 49 1 5 7 3 1 11 4 8 9 6 5 13 2 3 2 11 7 4 2 12 4 1 0 0 8 3 9 6 0 6 5 7 9 2 9 2 1 0 2 8 6 0 1 9 4 0 3 0 7 11 6 8 8 2 6 eSeafch 15 2 8 5 7 4 5 1 1 526 6 4 4 8 15 5 12 6 12 6 14 6 2 3 14 2 11 6 3 0 2 8 0 5 2 3 25 9 16 2 11 6 12 0 9 6 5 3 1 11 8 9 8 4 9 2 5 1 7 r9 120 ED 5760 1 4 59 4 8 12 6 2 3 10 5 17 5 16 6 1 1 3 6 0 9 4 5 5 3 90 4 0 8 2 6 5 1 8 1 5 66 0 3 11 9 1 0 11 0 10 9 12 0 1 3 6 1 10 5 4 9 7
141. 414 281 602 904 706 A 366 336 327 311 265 167 194 215 317 B 369 333 L79 34 38 78 426 564 574 C i 332 1 415 1 072 795 576 954 806 2 152 FCF NI A B C 7 053 790 479 3 690 2 671 2 560 1 284 606 2 532 SR
142. 49 179 56 123 5 95 100 YoY 33 70 94 4 77 8 44 6 69 6 SR 2016 2 i a MD We p
143. 50 10 000 47 0 ee 4 6 7 48 8 000 _ 43 458 55 x 2 KN 46 A M y 8 44 1 6000 8 V 5 NN 44 00 ME A v 5 3 1 2 000 785 812 839 827 40 275 279 416 616 240 0 1 I 9 2 000 802 762 Sa 36 Q1 Q2 0Q3 Q4 Q1 0Q2 Q3 0Q4 Q1 Q2 Q3 Q4 Q1 0Q2 Q3 Q4 Q1 Q2 0Q3 Q4 Q1 Q2 03 Q4 FY02 10 FY02 11 FY02 12 FY02 13 FY02 14 FY02 15 SR 2015 2 2015 2 2 2
144. 653 YoY 00 WOOO WEI26V6 195090 0 UIO00 20O00 25696 42 6 43 596 44 296 43 4 43 9 43 496 43 596 46 296 48 0 46 5 46 3 14 916 _ 18 035 21 012 22 075 22 916 21 371 19 085 16 632 15 830 15 965 16 451 36 696 38 5 40 5 43 796 45 096 41 1 40 996 43 496 45 8 2 955 3 698 4 304 2 831 1 958 133 634 2 064 2 715 1 140 202 600 YoY 18 5 25 1 16 4 34 2 30 8 31 5 58 0 82 3 197 0 7 0 496 7 5 4 9 UO UNO SM 5 1 7 0 3 1 0 6 1 7 66 14 103 176 239 173 167 49 187 111 146 43 22 6 34 36 29 19 16 17 17 15 64 sil6 ll 38 41 33 32 27 9 25 24 21 41 109 59 101 170 112 121 24 145 70 110 2 889 3 685 4 406 3 006 2 197 40 466 2 113 2 902 1 251 347 620 YoY 18 2 27 6 19 6 31 8 26 9 98 2 37 4 56 9 72 3 78 7 6 9 7 4 7 7 5 2 3 9 6 5 2 7 5 3 49 1 0 1 8 19 232 54 387 506 1 461 1 43 596 47 125 284 2 770 3 452 3 652 2 619 1 691 1 421 1 902 1 516 2 949 1 126 63 47 6 46 29 49 1 48 8 53 4 103 7 10 5 25 0 16 2 51 2 296 8 1 450 1 857 1 858 1 339 788 2 895 2 103 1 895 2 470 549 123 100 YoY 14 5 28 1 0 1 27 9 41 296 30 3 77 8 3 5 3
145. 9 63 R Shared Research Report At lt 7603 gt LAST UPDATE 2015 09 01 7 000 5 5 6 YoY 2 6 600 1 2 6 400 0 6 200 2 6 000 4 5 800 6 5 600 8 5 400 10 5 200 12 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 SR 2011 1 1 480 1 0 3 990
146. 926 13 846 12 026 10 927 13 603 14 322 12 246 9 218 SR 449 18 2014 2 PB 50 2596 2014 2 16 6496 2014 2 15 Www sharedresearch jp sSharedd eSeafch 53 63 R Shared Research Report At lt 7603 gt LAST UPDATE 2015 09 01
147. 96 8 896 15 69 9 396 0 3 0 4 9 496 1 796 6 796 13 39 27 5 6 796 0 49 5 99 5 296 4 396 896 10 2 9 296 896 2 596 1 696 28 396 G 196 36 696 55 896 6 896 G 596 75 9 12 7 3 0 4 996 14 8 35 8 14 1 10 8 36 3 6 496 5 696 8 49 8 796 5 396 2 196 6 896 6 896 38 596 40 596 43 796 45 096 41 196 40 996 43 496 45 896 15 296 15 796 16 696 17 596 15 59 14 796 15 596 15 996 4 596 4 796 5 096 5 096 3 8 4 396 4 596 4 996 11 19 11 796 13 196 13 596 12 996 12 496 12 796 12 896 1 096 1 396 1 49 1 0 0 59 0 5 0 4 0 8 0 6 0 6 0 6 0 6 0 4 0 59 0 6 0 8 6 196 6 596 6 996 7 3 8 0 8 6 9 796 10 596 SR 2011 2 2010 1 7445 1 7448 PB NPB 2014 2 46 59 47 8
148. LAST UPDATE 2015 09 01 7603 Research Report by Shared Research Inc sr_inquiries sharedresearch jp R Shared Research Report At lt 7603 LAST UPDATE 2015 09 01
149. eport At lt 7603 gt LAST UPDATE 2015 09 01 Old New
150. port A 7603 gt LAST UPDATE 2015 09 01 27 16 000 piD 160 165 6 180 149 9 147 4 148 8 160 00 ga rs 137 1 137 7 135 1 19 2 12 000 3 9 118 0 122 8 122 4 120 5 121 0 140 10 000 8 a Ey 120 a 2 a 100 8 000 8 8 o 3 8 3 80 9 i ER i Ci ES ER IM ER EN i RR 8 S 60 4 000 g G N 2 000 20 0 0 2 0 4 0Q1 Q2 03 Q4 01 Q2 03 Q4 QQ2 03 0Q4 Ql QQ2 03 Q4 Ql Q2 Q3 Q4 FY02 10 FY02 11 FY02 12 FY02 13 FY02 14 FY02 15
151. t LAST UPDATE 2015 09 01 17 15 2 2016 2 2014 6 SHOE PLAZA 400 150 2014 9 2015 2 1 2014 7 8 9 056 3 5 4 381 5 69 48 4 4 277 8 6 103 85 3

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