Aiming｜3911
Contents
1. 1 2 PC 12. MMORPG 2015 6 App Store Google Play 5 MMORPG AVABEL ONLINE 6 1 App Store 35 Google Play 48 2D
3. VOYAGE GROUP HD
4. 1968 8 7 1991 4 1 8595 1999 10 2000 3 JASDAQ2741 2011 6 1955 11 6 1979 4 1 8387 1996 5
5. MMORPG TCP Transmission Control Protocol 1 RPC Remote Procedure Call 2 3 PC 1 TCP 1 IP Internet Protocol TCP IP
6. 7 ll WwWw sharedresearch jp Shared eseatche 20 48 R Shared Research Report Aiming 3911 Aiming LAST UPDATE 2015 08 21 Garena 1 _ A a Apple Google Aiming sea Tencent FunYours SR
7. 1 1 120 135 8 400 1 4
8. PC PC MMORPG 2015 IDC PC 6 11 PC MMORPG MMORPG SAP 6
9. www Ssharedresearch jD Shared eseatche 25 48 R Shared Research Report Aiming 3911 Aiming LAST UPDATE 2015 08 21 10 1 2
10. SR FY12 12 1 323 447 267 586 23 18 21 81 81 120 1 443 192 75 109 196 1 247 1 246 1 060 1 050 864 1 443 44 167 778 447 688 9 6 86 4 FY12 13 1 676 615 303 711 48 32 33 129 129 194 1 871 488 47 137 295 493 1 378 1 335 1 210 1 200 1 075 11 11 31 1 87 1 44 353 966 137 478 40 209 20 229 344 14 4 72 0 WwWw sharedresearch jp Shared FY12 14 FY12 15 Ql 3 541 6 314 2 004 4 621 1 247 1 489 0 0 290 203 29 35 23 24 221 253 213 8 273 311 3 814 6 625 1 393 1 372 54 47 460 400 65 376 814 550 27 15 27 15 1 419 1 388 2 394 5 237 2 388 5 231 1 460 2 476 1 450 2 466 522 289 7 7 7 7 0 0 3 814 6 625 34 864 1 193 1 443 460 400 1 544 4 221 43 75 11 108 254 460 11 4 5 9 62 8 79 1 eSseafch 8 192 6 508 1 391 11 263 61 21
11. i MMO RMT Real Money Trade www Ssharedresearch jD Shared eseatche 17 48 R Shared Research Report Aiming 3911 Aiming LAST UPDATE 2015 08 21
12. 5 1 3 1 600 2015 6 23 120 2015 3 RPG 2015 12 2 PC MMORPG A OG
13. NM 2013 12 7 2014 12 2013 12 Si www Sharedresearch jD Shared eSeafCh 42 48 R Shared Research Report Aiming 3911 Aiming gt LAST UPDATE 2015 08 21 6 Pc 635 243 350 14 21 48 153 332 817 198 33 943 542 456 106 18 28 7 33 117 530 1 158 291 702 0 1 1 1 4 8 9
14. Web Google Google Play Apple App Store 2014 12 6 528 82 1 2011 PC Web PC Windows 2014 12 80 Apple Google 7 000 6 000 5 000
15. 20 30 70 5 25 www Sharedresearch jD Shared eSeafCh 26 48 R Shared Research Report Aiming 3911 Aiming LAST UPDATE 2015 08 21
16. www Sharedresearch jD Shared eSeafCh 15 48 R Shared Research Report Aiming 3911 Aiming LAST UPDATE 2015 08 21 2014 12 6 528 2 5 2015 12 11 110 70 93 2 8 7 1 2 MMO Massively Multiplayer Online MMORPG MMO Ro
17. SR 1 2 MMORPG SR 1
18. Garena 2015 MMO SR MMO 3 3 www Sharedresearch jD Shared eseatch
19. 6 2015 12 10 11 ll 16
20. 2 1 8 1 1 CM YouTube 600 700 1 000 2 2015 www Ssharedresearch jD Shared eseatche 07 48 R Shared Research Report Aiming 3911 Aiming LAST UPDATE 2015 08 21 100
21. SR Inc SR J GCA
22. SR 0 Weaknesses MMORPG PC MMORPG MMORPG SR SR 2014 12
23. 3 4 5 9 6
24. a PP RMT SE s MMORPG SR 2014 12 58 1 PC
25. 60 SR MMORPG 2015 4Q RTS 2016 10 MORPG 2016 2Q MMO 2016 3Q 2 4 1 SR www Sharedresearch jD sShared eSeafCh 12 48 R Shared Research Report Aiming 3911 Aiming LAST UPDATE 2015 08 21
26. 16 29 34 SW Strengths Weaknesses 36 38 38
27. 2015 12 11 110 70 2 2 800 8 2 790 8 1 870 3 4 2015 6 5 2015 Tencent
28. KPI Key Performance Indicator RDAU RDAU Real Daily Active User RDAU DAU RDAU ml MAU NN TIN DJ I nnnnnlll MAU MAU 6 RDAU DL MAU PU 2015 6 30 1 2015 12 2 1 73
29. ON Shared Research inc 3 31 12 http www sharedresearch jDp TEL 03 5834 8787 Emali info sharedresearch jp www sharedresearch jD Shared i esearche SR Inc 48 48
30. 1000 1 4096 30 10 609 2013 12 2015 12 1 2015 1 lt 3 7 209 40 60 20 2
31. net 20 45 FunYours 2015 6 23 Perfect World MMORPG 2015 3Q FunYours MMORPG 2015 4Q Tencent RPG 2016 Net 20 45 SR 2015 6 23 FunYours RPG 2014 12
32. 1 MMORPG 2013 10 1 CIS www Sharedresearch jD Shared eSeafCh 14 48 R Shared Research Report Aiming 3911 Aiming LAST UPDATE 2015 08 21 10 000 1200 8 000 1000 800 6 000 600 4 000 400 2 000 200 0 2007 2008 2009 2010 2011 2012 2013 YoY JOGA LTE 619
33. BeeTalk Garena PC 1 700 PC 1 100 Tencent 700HK Tencent Tencent Tencent
34. 20 600 xX 4 6 X 26 X 2 3 SR MMD 2013 12 560 52 596 2014 7 565 41 79 2013 22 89 6 OS
35. IP IP TCP 2 RPC www Ssharedresearch jD Shared eseatche 19 48 R Shared Research Report Aiming 3911 Aiming LAST UPDATE 2015 08 21 3 HTTP Hyper Text Transfer P
36. 1 4 35 25 2 1 8 109 0 39 40 00 27 30 0 10 10 8 166 109 76 131 145 0 0 01 02 03 04 Q1 02 FY12 14 FY12 15 mm mw SR WwWw sharedresearch jp Shared ese atche 08 48 R Shared Research Report Aiming 3911 Aiming LAST UPDATE 2015 08 21 2015 12 2 1 118 32 1
37. SR SR SR 4 WwWw sharedresearch jp Shared eSeafCh 37 48 R Shared Research Report Aiming gt
38. SR 2014 12 58 1 2015 4 600 1 100 2014 5 309
39. MMO SR App Annie MMORPG 2 www Ssharedresearch jD Shared eSeafCh 32 48 R Shared Research Report Aiming 3911 Aiming LAST UPDATE 2015 08 21 SAP 5 20 000 9 SI 3 VO KLab 12 5 000 enish 12 0 Aiming 12 01 02 Q3 Q4 01 CY12 14 CY12 15 SR N 11 2 6 N 2015 10 2014 4 855 10 59 7 444 3
40. Aiming SBS KLab SR Ine SRIne SR Inc SR Inc SM is vi02
41. SR 1 SAP5 1 200 150 100 141 7 50 47 7 i 24 0 41 6 Aiming KLab enish FY12 14 FY12 14 FY3 15 FY9 14 FY12 14 SR SAP5 1 10 8 6 4 6 28 5 7 5 5 4 56 5 27 3 42 0 Aiming Klab enish FY12 14 FY12 14 FY3 15 FY9 14 FY12 14 SR WwWw sharedresearch jp Shared eSeafCh 35 48 R Shared Research Report Aiming 3911 Aiming LAST UPDATE 2015 08 21 SW Strengths Weaknesses Strengths MMORPG
42. 2006 PC MMORPG MMO MMO MMO Massively Multiplayer Online MMO MM
43. 41 43 44 44 44
44. AVABEL ONLINE 3D Web 3 400 600 2015 4 18 amp 3 500 2015 3 amp 6 1 App Store Apple 0 10 13 15 20 5 24 5 31 6 7 6 14 6 21 6 26 7 5 7 12 7 19 7 26 6 2 SR www Sharedresearch jD sShared ese atche 30 48 R Shared Research Report Aiming 3911 Aiming LAST UPDATE 2015 08 21 oe leezt am 5
45. MMORPG PC MMORPG MMORPG 100 100 61 1 65 0 50 41 2 42 4 34 6 6 3 7 6 0 2G 3G LTE 2
46. PC 0 MM 2015 3 549 6 1 400 1 200 SNS 1 000 SNS 800 PC SNS 600 PC 4 i M PC 200 _ 0
47. NASDAQ www Ssharedresearch jD sShared eS atche 13 48 R Shared Research Report Aiming 3911 Aiming LAST UPDATE 2015 08 21 Garena Online Private Limited Garena 2015 Garena
48. 2013 App Store 8 2015 7 28 SR MMORPG 2 1 2 1 3 000 5 000 1
49. 12 A Kong Inc 2015 3 SR 2012 2013 MM WOO RW MN OO ON UU 2014 5 2 1 3 2 3 1 a Um
50. 30 MMORPG PC MMORPG 30 60 SR WwWw sharedresearch jp eShat eseatrche 24 48 R Shared Research Report Aiming 3911 Aiming LAST UPDATE 2015 08 21 2015 4 600 2013 12 17 MMORPG 2015 4 500 Lord of Knights 2012 2 7 RPG a 2015 2 200 IVALIANT LEGION 2013 12 10 MORPG 0 2011
51. 788 0 3 7 2013 4 3 WwWw sharedresearch jp eShat eseatrche 31 48 R Shared Research Report Aiming 3911 Aiming LAST UPDATE 2015 08 21 2 000 100 06 80 1 500 0 70 60 mw 5 1 000 _ 50 500 0 i 20 10 2012 2013 2014 2015 2016 CyberZ SR MMORPG 1990 PC PC
52. JOGA 2013 550 1 2012 128 5 4 3 App Store Google Play 2013 191 0 3 8 SNS Web 359 1 4 6 2015 2014 18 715 4 18 3376 10 59 7 444 45
53. PC Lord of Knights Aiming Korea Inc 24 12 A Kong Inc Aiming Global Service Inc Aiming High Inc Tencent SHENZHEN TENCENT COMPUTER SYSTEMS COMPANY LIMITED
54. amp 2013 2 25 82 19 App Store Google Play 30 2014 12 28 2015 12 1 29 2014 12 199 2015 12 1 100
55. 3 10 60 30 es MMORPG
56. OS 12 ijOS Android MMORPG 10 Cocos2dx 11 Unity Unity Technologies 12 OS Operating System 2014 12 93
57. 120 2015 3 FunYours 1993 2012 2013 2015 3QO Perfect World MMORPG 3D Loong Entertainment Co Ltd 3D MMORPG 2014 1 1 500 PC 3D 5 oo Perfect World 2004
58. 45 2015 6 45 2015 6 46 2015 2 46 47 www Sharedresearch jD Shared Gcseareh 02 48 R Shared Research Report Aiming 3911 Aiming gt LAST UPDATE 2015 08 21 PP
59. 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 CESA2014 JOGA SR Web Web 2012 LTE amp CPU SNS www Ssharedresearch jD Shared eseatche 29 48 R Shared R
60. PC MMORPG MMORPG PC Blade Chronicle 2009 5 PC 2011 10 PC 6 4 www Ssharedresearch jD Shared eseatche 11 48 R Shared Research Report Aiming 3911 Aiming LAST UPDATE 2015 08 21 8 1 1 CM YouTube 600 700 1 000 4 1 50
61. SR www sharedresearch jD Sharedd eSeafch 44 48 R Shared Research Report Aiming 3911 Aiming gt LAST UPDATE 2015 08 21 CEO 1973 12 30 1997 2003 2006 12 IPO 2008 3 2008 6 ONE UP 2011 5 ONE UP CEO FreeToPlay MMORPG REDSTONE ONE UP KA
62. Marvelous Inc Aiming le eeewew eee leesss ee ee App Annie SR 1 4751 CyberZ 2013 916 8 1 9 CyberZ 2016 1 884 8 2013 2 RPG CyberZ 2016 2015 81 0 2013 3 44 0 2 3 Tencent
63. SR NR 1 3 000 5 000 NUM TVCM 2014 12 500 2015 4 600 App Store 1 2015 3 25 Google Play 3 2015 3 16 MMORPG DL 10 OP MN WU PR UO oo OO Feb 14 Mar 14 Apr 14 May 14 Jun 14 Jul 14 Aug 14 Sep 14 Oct 14 Nov 14 Dec 14 Jan 15 Feb 15 Mar 15 Apr 15 SR
64. a EE II SR _ App Store ia review 2 SR 2015 6 5 51 SR www Sharedresearch jD sShared eSeafCh 27 48 R Shared Research Report Aiming 3911 Aiming LAST UPDATE 2015 08 21 600 500 400 300 200 100 0 FY2014 FY2015 SR www Sharedresearch jD 28 48 R Shared Research Report Aiming 3911 Aiming LAST UPDATE 2015 08 21
65. 3 000 RPG1 Tencent 2012 App Store Google Play Tencent WeChat MAU 4 2013 Tencent
66. Apple 10 Google 40 2014 12 817 2013 12 332 2014 12 www Sharedresearch jD Shared eseatch 43 48 R Shared Research Report Aiming 3911 Aiming gt LAST UPDATE 2015 08 21 Aiming 8 755 ONE UP
67. 2011 10 2013 12 MMORPG PC PC www Sharedresearch jD Shared eSeafch 18 48 R Shared Research Report Aiming 3911 Aiming LAST UPDATE 2015 08 21
68. YoY YoY YoY YoY YoY 4 Pl SR Pl Google Apple DeNA Google Apple DeNA 4 PjcD SR FY12 12 1 578 1 327 84 1 251 15 9 878 55 6 626 8 6 6 0 6 633 40 1 642 40 7 FY12 12 1 578 43 239 185 350 761 FY12 12 100 3 15 12 22
69. SAP5 169 219 SAP5 0 40 30 20 o 21 219 10 6 6 16 0 9 0 i Aiming KLab enish FY12 14 FY12 14 FY3 15 FY9 14 FY12 14 SR WwWw sharedresearch jp eshared eseatch 34 48 R Shared Research Report Aiming 3911 Aiming LAST UPDATE 2015 08 21 SAP4 1 2014 64 2014 12 17 17 2013 12 2015 12 1 26
70. 1 162 298 692 24 31 20 3 22 47 158 36 90 202 2 598 298 498 g 137 323 0 116 0 0 0 598 551 821 1 1 7 656 50 1 508 1 102 446 496 446 496 2 004 SR 2014 12 692
71. 351 y 340 553 2013 12 2014 9 TVCM 500 VALIENT LEGION 2012 2 Lord of Knights 3 5 2014 12 14 2013 12 2 626 66 4 278
72. 2014 2014 12 4 260 13 4 1 3 FY12 14 IFY12 15 a Q1 6 528 100 3 243 100 254 100 8 131 52 4 69 27 2 54 21 2 2 989 92 1 729 100 53 254 15 8 326 19 10 48 3 1 929 54 29 172 10 5 1 260 39 SR
73. enish 1 3667 KLab 1 3656 JASDAQ2138 1 3668 2014 287 9 2015 2014 715 4 40 2014 12 6 5 6 287 9 29 2015 1 4 2015 1 3 3 2015 1 3 3 6 34 KLab 27 11 13 enish 14
74. PC XA ONE UP ONE UP 2011 5 ONE UP MMO Massively Multiplayer Online RPG MMORPG
75. 2015 12 8 2015 12 11 110 70 2 2 800 8 2790 8 1 870 3 4 2015 6 5 2015 Tencent 2015 12 2015 12 2 2015 2 5 890
76. 600 1 1 200 400 4 MMORPG MMORPG
77. 53 56 29 496 31 946 34 104 EPS 27 8 19 58 EPS DPS BPS 48 48 81 163 9 197 5 1 323 1 676 3 541 3 541 6 314 8 192 44 615 2 004 2 004 4 621 6 508 26 303 1 247 1 247 1 489 1 391 586 711 0 0 0 11 23 48 290 290 203 283 18 32 29 29 35 81 21 33 23 23 24 21 81 129 221 221 253 225 1 443 1 871 3 814 3 814 6 625 8 520 192 488 1 393 1 393 1 372 1 776 75 47 54 54 47 83 g 137 460 460 400 330 8 9 65 65 376 755 109 295 814 814 550 608 3 5 27 27 15 10 3 5 27 27 15 10 1247 1 378 2 394 2394 5 237 6 734 1 246 1 335 2 388 2 388 5 231 6 727 2 11 7 7 7 7 0 31 0 0 0 0 1 443 1 871 3 814 3 814 6 625 8 520 CF 1 162 298 692 CF 90 202 2 CF 598 551 821 137 460 460 400 330 447 478 1 544 1 544
78. 90 SR SR www sharedresearch jD Shared eseatch 36 48 R Shared Research Report Aiming 3911 Aiming LAST UPDATE 2015 08 21 2013 12
79. LAST UPDATE 2015 08 21 PC SR 4 5 XA 7 ONE UP 2011 5 SA ONE UP 3 4 Aiming 4 0 7 2004
80. SR WwWw sharedresearch jp Shared eseatch 10 48 R Shared Research Report Aiming 3911 Aiming LAST UPDATE 2015 08 21 SR NNW 5 1 2 4 3 4 ct Fr
81. gt 284 www sharedresearch jD Shared eseatche 39 48 R Shared Research Report Aiming 3911 Aiming gt LAST UPDATE 2015 08 21 211 PC Lord of Knights www Sharedresearch jD Shared eSeafCh 40 48 R Shared Research Report Aiming gt PlcD 1
82. 1 800 1 790 1 180 2015 12 2 2015 2016 2Q 3Q 4Q 1Q 2Q 3Q 4Q ii hyRpo EN Ei 3 MMoRpe L___2 EEE oneo gt 3 lt S MMORPG i ee EE EE 59 sm ee Es 7 MORPG 2 1 CE EE EE STEERER Ts a MORPG WW WW MMO hi
83. 2015 12 2 108 6 124 36 4 000 50 40 3 000 30 2 000 20 1 000 10 0 0 _ r490 a 10 1 000 20 01 02 03 04 Q1 Q2 FY12 14 FY12 15 SR 4 6 1 3 6 SR 5 20
84. 2014 12 2015 1 CM 2014 12 520 2015 4 13 600 3 Lord of Knights 1 VALIANT LEGION 1 9 541 11 110 1 569 16 4 1 979 2 800 821 41 59 2014 12 6 528 2 5
85. 6 Ruby 7 Web 8 C C ANSI IS0 JIS 9 Cf ISO JIS Cocos2d3 E10 Uniby 0
86. 107 29 2 1 53 599 2 000 72 80 i 68 68 1 500 60 1 000 40 221 262 254 254 263 0 1 0 Q1 Q2 Q3 Q4 Q1 Q2 FY12 14 FY12 15 mm mw a SR www Sharedresearch jD Shared eSeafCh 09 48 R Shared Research Report Aiming 3911 Aiming LAST UPDATE 2015 08 21 2015 12 FY12 12 FY12 13 FY12 14 FY12 15 FY12 15 PE 2H 4 30 3 25 39 7 10 69 20 7 633 284 1 949 YoY 473 09 6 40 1 10 8 20 49 642 211 1 154 YoY 108 89 6 SR
87. 10 5 MMORPG PC Blade Chronicle 2009 5 21 MMORPG PC 2014 12 140 2013 6 27 MORPG 2015 1 100 2014 4 14 0 2015 8 100 2015 6 23 0 RPG SR ARPPU ARPPU Average revenue per paying user 1 SR SR 4 5 2 3 SR ARPPU
88. 03 48 R Shared Research Report Aiming gt LAST UPDATE 2015 08 21 FY12 12 FY12 13 FY12 14 FY12 15 FY12 14 FY12 15 Q1 Q2 Q3 Q4 Q1 Q2 1 578 2 626 6 528 11 110 897 1 297 1 885 2 447 3 243 3 151 YoY 66 4 148 6 70 2 261 596 142 9 251 1 492 4 799 549 946 1 390 1 914 2 989 2 824 15 9 56 89 6 73 59 61 2 72 9 73 7 78 2 92 2 89 6 878 1 771 4 448 581 935 1 276 1 654 1 729 1 847 YoY 101 8 151 2 197 6 97 5 55 696 67 496 68 19 64 896 72 19 6 67 79 67 69 6 53 39 58 69 626 278 351 2 800 33 10 113 259 1 260 977 YoY 698 896 39 796 10 69 5 4 25 2 3 796 0 8 6 0 10 6 38 9 31 0 6 5 10 10 1 5 2 1 10 13 0 0 2 1 1 6 6 9 1 1 1 0 1 8 11 633 284 340 2 790 34 5 111 258 1 251 965 YOY 720 396 40 196 10 89 5 2 25 1 3 896 0 4 5 9 10 5 38 6 30 6 3 40 10 2 49 796 35 196 36 19 0 40 29 642 211 553 1 870 24 6 93 478 812 616 YoY 238 39 40 796 8 0 8 5 16 89 2 796 0 5 4 9 19 5 25 0 19 5
89. 225 327 8 520 1 776 83 330 755 608 10 10 1 786 6 734 6 727 2 916 2 906 905 8 520 1 319 330 6 178 461 4 9 79 0 Aiming 3911 LAST UPDATE 2015 08 21 41 48 R Shared Research Report Aiming 3911 Aiming gt LAST UPDATE 2015 08 21 20 2015 3 709 4 7 MMO 2015 12 12 2016 12 4 CM 2015 12 11
90. 48 FY12 12 1 884 643 822 153 37 83 67 79 171 1 309 FY12 13 2 626 66 4 1 134 43 2 1 492 56 8 1 771 101 8 67 4 278 10 6 5 0 6 284 10 8 40 40 211 8 0 FY12 13 2 626 506 733 413 394 580 FY12 13 100 19 28 16 15 22 FY12 13 1 572 598 431 332 22 11 85 93 642 1 115 FY12 14 6 528 148 6 1 729 26 5 4 799 73 5 4 448 151 2 68 1 351 5 4 10 2 9 1 340 5 2 10 174 49 7 29 553 8 5 FY12 14 1 729 448 371 908 4 448 872 1 220 175 1 836 343 FY12 14 6 528 2 757 2 603 458 284 426 FY12 14 100 42 40 7 4 7 FY12 14 1 813 450 372 817 9 4 60 102 378 1 708 FY12 15 11 110 70 2 1 320 11 9 9 790 88 1 6 990 57 1 62 9 2 800 698 8 25 2 10 2 790 720 3 25 1 1 870 238 3 16 8 FY12 15 FY12 15 FY12 15 Q1 Q2 Q3 Q4 FY12 15 Q1 6 4 1 297 1 885 2 447 3 243 3 151 www sharedresearch jD Shared 897 348 351 495 33 38 8 27 1 26 3 21 8 549 946 1 390 1 914 61 2 72 9 73 7 78 2 581 935 1 276 1 654 64 8
91. DIC TOKAL LL Shared Research SR Inc
92. 1 9684 6 2008 6 AQO 1 7844 2012 3 2015 6 8 155 23 896 1 4 934 14 4 Image Technology Investment Limited Tencent Japan 2 921 8 5 State Street Bank And Trust Company 1 942 5 7 5 1 579 4 6 V3 858 2 59 YJ1 6
93. 72 1 67 7 67 6 33 10 113 259 3 7 0 8 6 0 10 6 1 5 2 1 34 5 111 258 3 8 0 4 5 9 10 5 24 6 93 478 2 7 0 5 490 19 5 FY12 14 Ql Q2 Q3 Q4 348 351 495 533 166 109 76 97 101 99 102 69 81 143 317 367 581 935 1 276 1 654 135 221 262 254 103 241 357 519 49 42 44 40 245 360 530 701 49 71 83 140 esearch 261 5 254 7 8 2 989 92 2 1 729 197 6 53 3 1 260 38 9 10 1 1 1 251 38 6 439 29626 812 25 0 FY12 15 Ql 254 131 69 54 1 729 254 326 48 929 172 142 9 327 10 4 2 824 89 6 1 847 97 5 58 6 977 31 0 13 1 1 11 965 30 6 2 348 36 1 616 19 5 6 4 327 145 105 77 1 847 283 433 51 897 183 FY12 15 57 6 44 0 59 4 51 2 79 9 79 4 76 3 LAST UPDATE 2015 08 21 11 110 70 2 1 320 11 9 9 790 88 1 6 990 57 1 62 9 2 800 698 8 25 2 10 2 790 720 3 25 1 1 870 238 3 16 8 R Shared Research Report Aiming 3911 Aiming gt LAST UPDATE 2015 08 21 2015 12 1 2015 4 30 3 243 3 6 1 260 gt 1 250 gt 811
94. 03 5333 8424 2011 5 12 HP https aiming inc com ja IR https ir aiming inc com inquiry IR Ir almIng Inc com www sharedresearch jD Shared Aiming 3911 LAST UPDATE 2015 08 21 2 1 1 9F 2015 3 25 12 IR http ir aiming Inc COm IR 47 48 R Shared Research Report MG
95. 376 2 612 1 749 2 147 4596 3596 23 29 2014 _ _ PC 1 1 925 7 154 60 4 039 34 732 6 2013 CESA JOGA 5 501 1 613 4 095 1 132 1 2 341 IDC JOGA SR WwWw sharedresearch jp Shared ese atche 33 48 R Shared Research Report Aiming 3911 Aiming LAST UPDATE 2015 08 21 1 2 4 1 909
96. 4 221 6 178 ROA 17 196 12 0 ROE 16 096 29 3 687 5 343 596 254 3 254 396 460 196 461 39 9 696 14 496 11 49 11 49 5 996 4 996 86 496 72 0 62 8 62 8 79 1 79 0 SR www Ssharedresearch jD Shared eseatch 04 48 R Shared Research Report Aiming 3911 Aiming gt LAST UPDATE 2015 08 21 Aiming www Sharedresearch jD Shared eseatch 05 48 R Shared Research Report Aiming gt LAST UPDATE 2015 08 21 FY12 12 FY12 13 FY12 14 FY12 15 FY12 14 FY12 15 FY12 15 PalwD Ql Q2 Q3 Q4 ojl Q2 1 578 2 626 6 528 11 110 897 1 297 1 885 2 447 3 243 3 151 57 6 11 110 YoY 66 4 148 6 70 2 261 5 142 9 70 2 1 327 1 134 1 729 1 320 348 351 495 533 254 327 44 0 1 320 84 1 43 2 26 5 11 9 38 8 27 1 26 3 21 8 7 8 10 4 11 9 251 1 492
97. 4 799 9 790 549 946 1 390 1 914 2 989 2 824 59 4 9 790 15 9 56 8 73 5 88 1 61 2 72 9 73 7 78 2 92 2 89 6 88 1 878 1 771 4 448 6 990 581 935 1 276 1 654 1 729 1 847 51 2 6 990 YoY 101 8 151 2 57 1 197 6 97 5 57 1 55 6 67 4 68 1 62 9 64 8 72 1 67 7 67 6 53 3 58 6 62 9 626 278 351 2 800 33 10 113 259 1 260 977 79 9 2 800 YoY 698 8 698 8 39 7 10 6 5 4 25 2 3 7 0 8 6 0 10 6 38 9 31 0 25 2 6 5 10 10 1 5 1 10 13 10 0 0 2 5 6 6 9 l ll 0 1 8 633 284 340 2 790 34 5 111 258 1 251 965 79 4 2 790 YoY 720 3 720 3 40 1 10 8 5 2 25 1 3 8 0 4 5 9 10 5 38 6 30 6 25 1 3 40 10 2 6 174 439 348 49 7 35 1 36 1 0 40 29 642 211 553 1 870 24 6 93 478 812 616 76 3 1 870 YoY 238 3 238 3 40 7 8 0 8 5 16 8 2 7 0 5 4 9 19 5 25 0 19 5 16 8 FY12 14 FY12 14 FY12 15 6 PlcD Ql 74 Q3 Q4 el Q2 1 729 348 351 495 533 254 327 448 166 109 76 97 131 145 371 101 99 102 69 69 105 908 81 143 317 367 54 77 4 448 581 935 1 276 1 654 1 729 1 847 872 135 22
98. DeNA 4 000 3 000 2 000 Apple li Google FY12 12 FY12 13 FY12 14 SR www Ssharedresearch jD Shared eSeafCh 22 48 R Shared Research Report Aiming 3911 Aiming LAST UPDATE 2015 08 21 App Store Google Play Yahoo 7 Google Mobage Lord of Knights VALIANT LEGION Blade Chronicle SR 1 300 MMORPG JASDAQ3765
99. SAP 6 80 12 60 9 40 i 3 KLab 12 20 enish 12 0 Aiming 12 20 Q1 os aa a oz 03 GA Q1 CY12 13 CY12 14 Y12 1 SR 2015 1 399 4 SR 2015 5 4 KLab 10 20
100. gt gt 1 SR 600 59 30 269 30 39 JOGA 5 387 4 6 25 000 20 www Ssharedresearch jD Shared eSeafch 21 48 R Shared Research Report Aiming 3911 Aiming LAST UPDATE 2015 08 21 20 600 4 6 269
101. 014 12 4 4006 10 50 www Ssharedresearch jD Shared seareh 23 48 R Shared Research Report Aiming 3911 Aiming LAST UPDATE 2015 08 21 40 2013
102. 1 262 254 254 283 1 220 103 241 357 519 326 433 175 49 42 44 40 48 51 1 836 245 360 530 701 929 897 343 49 71 83 140 172 183 SR FY12 12 FY12 13 FY12 14 FY12 15 a 1 578 2 626 6 528 Google 43 506 5 Apple 239 733 2 603 185 413 458 DeNA 350 394 284 761 580 426 FY12 12 FY12 13 FY12 14 FY12 15 100 100 100 Google 3 19 42 Apple 15 28 40 12 16 7 DeNA 22 15 4 48 22 7 FY12 12 FY12 13 FY12 14 FY12 15 a 1 884 1 572 1 813 643 598 450 822 431 372 153 332 817 37 22 9 83 11 4 67 85 60 79 93 102 171 642 378 1 309 1 115 1 708 SR www Sharedresearch jD eshare
103. 67 1 996 SBI 654 1 996 34 329 100 0 Bloomberg SR www Sharedresearch jD Shared eseatche 45 48 R Shared Research Report Aiming 3911 Aiming gt LAST UPDATE 2015 08 21 2015 6 Aiming Global Service Inc 99 996 2012 4 SR 2015 2 FY2014 FY2015 02 67 73 74 77 78 82 194 209 213 219 246 273 10 10 13 14 16 19 2 76 96 29 32 7 0 368 397 401 415 452 502 SR Aiming High Inc 27 4 30 www Sharedresearch jD Shared eSeafch 46 48 R Shared Research Report Aiming gt Aiming Aiming Inc
104. LAST UPDATE 2015 08 21 Aiming 3911 Research Report by Shared Research Inc sr_inquiries sharedresearch jp R Shared Research Report Aiming 3911 LAST UPDATE 2015 08 21
105. O MMORPG RPG Role Playing Game MMO 90 PC PC PC MMORPG MMORPG 5 MMORPG
106. d eseatch 06 48 R Shared Research Report Aiming 3911 Aiming LAST UPDATE 2015 08 21 3 151 2 4 977 97 965 192 616 102 2015 12 2 2 4 97 1 2 8 22 5 92 80 7 5 12 1
107. esearch Report Aiming 3911 Aiming LAST UPDATE 2015 08 21 Web JOGA 2013 SNS 53 161 3 SNS Web 2012 6 2012 6
108. le Playing Game 300 70 80 2014 12 3 800 2015 1 3 SR 3 000 1 7844 15 000 200 149 150 10 000 70 100 5 000 6 6 528 0 0 1 578 a 0 FY12 12 FY12 13 FY12 14 FY12 15 YoY SR 2014 12 a SR WwWw sharedresearch jp Shared eseatch 16 48 R Shared Research Report Aiming 3911 Aiming
109. rotocol 2 Web PHP 5 Ruby 6 7 HTTP MMO Web MMO C 8 C 9 4 HTTP Web HTML Hyper Text Markup Language Web 5 PHP Web
Download Pdf Manuals
Related Search