インテリジェントウェイブ（4847）
Contents
1. SR ACE Plus2. E CWAT CWAT
3. 24 NET 1 NET 1 709
4. ACE Plus ACE Plus s Shared Research http Wwww sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved w 4847 SR Research Report 2014 9 26
5. SaaS 8 Shared Yesearch
6. NET 1 4 5 NET 1 2012 6 Linux NET 1 Linux NET 1
7. 31 69 700 168 110 10 Face 2014 6 Face 10 1 1 Face 200 144
8. 1 233 2 103 3 156 3 53 3 443 28 19 362 520
9. SR 2012 6 2012 8 8 2012 6 5 242 10 19 132 59 0 155 54 8 270 108 9
10. SaaS SR Saas SR
11. 3 4 228 17 9 183 50 CWAT CWAT CWAT CWAT
12. 2014 6 Face 2014 6 10 20 10 sShared 6Qesearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved J_ w Shared 4847 SR Research Report 2014 9 26
13. 2012 10 CxSuite CxSuite 2013 6 2 2013 6 2 2 680 600 10 600 15 370 10 sShared 6Qesearch http 7 www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved w
14. 1 489 20 5 56 2010 6 167 850 2010 6 1 050 639 2010 6 823 2011 6 3 2012 6 s Shared Research http Wwww sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved w
15. 1 2 sShared 6Qesearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved w 4847 SR Research Report 2014 9 26 2
16. ACE Plus 150 6 10 50 1009 ACE Plus
17. 2 044 11 09 5 96 3 ACE Plus 506 3 2 40 71 CWAT
18. 890 750 141 1 386 30 2 669 155
19. 1990 4847 SR Research Report 2014 9 26
20. SR Inc SR Tnc Shared Research SR Inc SR Inc SR Inc
21. NET 1 DNP Wallet 1 073 16 8 39 97 ACE Plus
22. s Shared Research http Wwww sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved w 4847 SR Research Report 2014 9 26 2 687 61 5 520 227
23. s Shared Research http Www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved w 4847 SR Research Report 2014 9 26 14 6 15 6 3 055 3 503 2 800 3 600 6 400 2 8 9 7 2 8 2 8 2 4 2 564 2 653 492 850 295 7 17 2 16 1 24 2 596 601 19 5 17 1 103 249 75 305 380 58 7 22 7 161 1 3 4 7 1 2 7 8 5 5 9 88 272 80 320 400 11 4 17 7 117 5 2 9 7 8 2 9 8 9 6 3 72 159 50 200 250 67 3 26 0 188 2 SR
24. 10 6 11 6 12 6 13 6 14 6 Pl 301 795 252 588 620 200 61 25 3 47 FCF A B 101 734 227 585 573 310 132 138 142 142 A 142 149 107 131 190 B 120 117 93 207 450 C 125 272 347 27 355 FCF N A B O 109 433 63 398 182 SR 2013 6
25. 2 2013 6 NET 1 50 1000 CWAT PC
26. Face 1 2013 6 1 2012 11 2 2013 6 1 2013 6 2 910 16 8 613 58 617 56 385 39 1 2
27. 1 7912 509 2015 6 1 3
28. 2001 6 2006 6 37 9 2006 6 ACE CWAT 2013 6 2014 6 1 2001 6 31 59 2012 6 2 5 2013 6
29. SR http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved w 4847 SR Research Report 2014 9 26 CWAT CxSuite 2014 6 2015 6 i 3 600 2 496 3 160 5 49 2 162 3 8 404 40 8
30. Face 2014 WindowsXP WindowsXP CWAT
31. 4847 SR Research Report 2014 9 26 PC SaaS 09 6 10 6 11 6 12 6 13
32. 1 79 2 165 VISA 1 2 1 79
33. 2012 7 2012 7 25 2012 6 5 241 5 300 131 400 154 410 270 393 3 1 59 2 3 2012 1 2012 1 25
34. 1989 NET 1 1990 2 1990 2000 2010 2001 6 JASDAQ
35. ACE Plus 1 7912 1 150 3 1 080 DNP Wallet Wallet 2013 1 s Shared Research http Wwww sharedresearch jp Copyright C 2013 Shared Research Inc
36. 2013 6 3 201 569 62 2 En 10 6 11 6 12 6 13 6 14 6 HH 1 497 1 510 1 252 1 773 2 167 83 30 71 57 78 406 400 376 409 490 41 10 2 0 0 2 026 1 950 1 703 2 241 2 738 84 2 70 5 74 1 70 0 67 1 369 814 587 916 1 326 0 0 4 43 14 12 1 0 0 0 380 815 592 960 1341 15 8 29 5 25 8 30 0 32 9 2 407 2 766 2 297 3 201 4 079 SR NET 1
37. SR ROI Weaknesses
38. 2 3 3 1 812 35 5 85 21 79 86 79 72 39 55 49 38 0 4 CWAT 4
39. SR SR 2 SW Strengths Weaknesses 4847 SR Research Report 2014 9 26 10 6 11 6 12 6 13 6 14 6 15 6 Plg 4 957 4 763 5 242 5 871 6 558 6 400 10 3 3 9 10 1 12 0 11 7 2 4 1 837 1 642 1 374 473 1 342 9 1 10 6 16 3 65 6 183 4 37 1 34 5 26 2 8 1 20 5 358 321 132 678 146 380 56 6 10 3 59 0 161 1
40. 1 7912 1 150 DNP Wallet Wallet 2013 1 sShared 6Qesearch http 7 www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 8 w s Shared Research http Wwww sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved w 4847 SR Research Report 2014 9 26 169
41. VISA 1 79 2 2 Shared Yesearch http Wwww sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved e 4847 SR Research Report 2014 9 26 1 295 10 4 39 64
42. 2 SR 2014 6 6296 309 6 2014 6 929 89 2015 6 I eSsearch http Wwww sha
43. 10 30 CxSuite 20 1 233 350 500 SR s Shared Research http Wwww sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved w 4847 SR Research Report 2014 9 26 2
44. PC 1 CxSuite WEB s Shared Research http Wwww sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved w 4847 SR Research Report 2014 9 26 2014 6
45. CWAT CWAT CWAT IT 42 11 6 110 72 Face CxSuite Face
46. s Shared Research http Wwww sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved w 4847 SR Research Report 2014 9 26 2014 6 3 2014 5 8 2014 6 3 2014 4 23 2014 6 3 5 038 12 2 53 750 74 742 20 741
47. 1 Sun Solaris RIX LBM Latency Busters Messaging
48. 5 003 4 957 0 9 150 358 138 7 163 388 137 9 176 212 20 4 SR 5 330 4 763 10 6 230 32 1 39 6 250 342 36 8 120 129 7 9 5 300 5 242 1 1 400 132 67 1 410 155 62 3 220 270 23 0 5 500 5 871 6 7 200 678 220 587 140 349 2014 6 3 2014 4 7
49. 50 ACE Plus ACE Plus 1 s Shared Research http Wwww sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved w 4847 SR Research Report 2014 9 26 2013 6 506
50. 2014 1 2014 1 29 2014 6 2 2014 6 2 3 055 2 600 103 20 88 20 72 12 2 455 1 270 2 2013 8 2013 8 28
51. 20 8601 Sun Solaris Sun Solaris TCP IP SR 2
52. 2 10 4 321 1 2 3 2 766 14 9 695 15 2 2 440
53. ACE Plus for Bank 2010 9 10 ACE Plus for Bank 4847 SR Research Report 2014 9 26 3 10 2010 8 2010 8 30 DECIDE 2010 8 12 2010 8 4 2010 6 2010 4 2010 4 3 2010 2
54. 1 946 4 8 72 4 1 380 16 29 209 54 8 rt o s Shared Research http Wwww sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved w 4847 SR Research Report 2014 9 26 417 17 5 144 40 CWAT Version5 0
55. 2013 12 31 1 100 263 400 26 340 000 1 100 2014 6 2013 8 7 1 500 5 sShared 6Qesearch http 7 www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved amp w 4847 SR Research Report 2014 9 26 2013 7 2013 7 31 80
56. 70 7 6 165 113 Face CxSuite Face 2013 2013 12
57. CxSuite 385 7 2 19 3 1 233 140 93 2 1 1 110 1 011 495 347
58. s Shared Research http Wwww sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved w 4847 SR Research Report 2014 9 26 IT 1 3626 UNIX 1 8316
59. 2008 6 2009 6 2001 6 2014 6 2 2007 6 2008 6 2007 6 466 146 114 156 2008 6 398 145 137 Shared esearch http Wwww sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 4847 10 6 11 6 12 6 SR Research Report 13 6 2014 9 26 14 6
60. 4 079 27 49 405 569 2 167 22 29 1 326 44 7 1 233 405 2
61. 8253 IC CWAT e CWAT CWAT IT 2004 CWAT PC CWAT
62. s Shared Research http Wwww sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved w 4847 SR Research Report 2014 9 26 2 3 SR 2014 6 1 2013 11 6 2014 6 1 1 278 40 4 270 613 268 617 245 Face
63. NET 1 NET 1 ACE Plus
64. 1 7912 50 2015 6 1 2 2014 6 909 6 109
65. 133 306 2010 4 9 50 61 2010 6 2010 3 2010 3 8 2010 2 2010 2 10 1 26 100 3 78 1 2010 2 10 4 2 w es a T sShared Wesearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 4847 SR Rese
66. CxSuite CHECKMARK s Shared Research http Wwww sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved w 4847 SR Research Report 2014 9 26 2014 6 2 2014 2 5 2014 6 2 2014 1 29 2014 6 2 2 3 055 14 2 103 834 88 831 72
67. WebLogic Server Tuxedo IHBEA ASDAQ 1 Shared esearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 4847 SR Research Report 2014 9 26 QUICK
68. 2 1 2 3 4 77 77 sShared 6Qesearch http 7
69. oO s Shared Research http Wwww sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved w s Shared 6Qesearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved w 4847 SR Research Report 2014 9 26 0 2 3 2012 6 Face 2012 6
70. 1 PC1 1 19 800 EUCSecure PC EUCSecure EUCSecure 30 50 EUCSecure
71. EUCSecure 2005 Shared Security Formats Cooperation SSFC SSFC CVAT SSFC 2010 2 2010 4 9 50 619
72. MG SBS
73. VeTracer 114 3 0 188 153 Face 1 9202 CxSuite
74. SR 2012 6
75. 187 530 349 2013 6 5 870 5 800 677 550 587 530 349 530 2013 2 2013 2 1 2013 6 2 2013 6 2 2 676 2 680 834 600 831 600 834 370 2013 6 5 800 5 500 550 200 530 220 530 140 2
76. DIC TOKAIT KLab
77. http Www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 4847 10 6 11 6 12 6 SR Research Report 13 6 2014 9 26 SR 2 090 1 098 12 133 142 3 450 499 154 3 3 268 210 403 1 470 112 17 128 2 002 5 451 104 0 484 587 0 221 221 0 808 844 560 3
78. 2013 2013 12 1NTELLIGENT WAVE KOREA INC INTELLIGENT WAVE KOREA INC Face 2013 12 CxSuite CHECKMARK 1 1 1
79. 31 8 5 0 Face 257 1 103 162 19 3 496 8 5 437 690 19 1 15 1 21 8 203 10 100 123 89 2 3 14 39 337 395 780 9 2 SR 5 49 5 700 274 19 1 260 202
80. 2013 6 2 296 54 2 133 2011 6 56 1 7912 728 2011 6 639 2011 6 1 568 2011 6 8
81. 2 82 11 7 40 70 CWAT 25 415 4 31 54 CxSuite CxSuite CHECKMARK
82. 834 2 103 20 1 233 2 167 2 058 48 5 165 669
83. NET 4847 SR Research Report 2014 9 26 1 NET 1 709 NET 1 POS
84. SR Inc SR Tnc SR Inc http www sharedresearch jp Email info sharedresearch jp 3 31 12 03 5834 8787 s Shared GYesearch http Wwww sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved
85. s Shared Research http Wwww sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved w 4847 SR Research Report 2014 9 26 2 296 16 9 228 67 29 562 2011 6 1 119 557 300 160 100
86. 1990 1 Shared esearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 4847 SR Research Report 2014 9 26 E CWAT
87. 118 6 09 153 158 CxSuite s Shared Research http Wwww sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved w 4847 SR Research Report 2014 9 26 Face 2013 6 2 1 980 3 1 150 4 4 6 2014 6 1 4 4 6 1 955 22 1 974 2 1
88. 2 407 2 259 6 89 17 6 9 19 1 873 1 740 5 49 23 69 267 s Shared Research
89. 2014 6 6 558 11 79 145 677 183 587 86 349 2015 6 6 400 2 4 380 161 1 400 117 5 250 188 2 2014 6
90. 745 44 9 2 288 2 8 1 009 10 5 1 235 10 89 4 758 935 327 490 352 769 2013 6 3 2013 5 8 2013 6 3 3 4 488 16 19 750 99 742 102 741 228
91. 2014 6 2010 6 213 300 100 2011 6 2013 6 368 3 2014 3 215 200 gt SadQeweami http 7 www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 4847 SR Research Report 2014 9 26 5 2010 6
92. le pe Ele Te 1Q pie kie Pe 911 1 766 1 812 1 382 1 279 1 776 1 983 1 521 16 89 23 1 35 5 0 4 40 4 0 6 9 4 10 0 314 62 353 372 28 465 453 397 3 5 19 5 26 9 2 2 26 2 22 8 26 1 300 283 268 301 298 297 297 304 10 2 9 1 9 0 0 9 0 59 4 9 10 9 1 1 613 221 85 72 270 167 156 93 21 7 119 2 83 5 29 2 67 3 12 5 4 7 5 2 21 1 9 4 7 9 6 1 617 215 89 155 268 180 162 110 28 9 197 5 82 8 29 4 385 450 94 392 246 174 92 67 75 9 827 0 1 59 83 0 FE 2Q 3Q 40 911 2 677 4 488 5 871 1 279 3 055 5 038 6 558 100 9 6 500 16 8 5 8 16 1 12 0 40 4 14 1 12 2 11 7 10 7 314 252 101 473 28 492 945 1 342 34 4 9 4 2 3 8 1 2 2 16 1 18 8 20 5 300 583 851 1 151 298 595 892 1 196 10 2 9 6 9 4 7 4 0 5 2 1 4 9 3 9 613 834 750 678 270 103 53 146 85 6 170 1 1 2 6 617 831 742 587 268 88 74 184 96 8 190 385 835 741 349 246 72 20 87 96 4 90
93. 1 338 31 99 449 63 4847 SR Research Report 2014 9 26 464 10 4 91 4 ACE Plus
94. 26 89 gt SadQeweami http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved Shared Yesearch http Wwww sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved e 4847 SR Research Report 2014 9 26 SW Strengths Weaknesses Strengths 70
95. SR 2014 6 2014 8 6 2014 6 6 558 11 7 145 677 183 587 86 349 822
96. SR CHECKMARK Cx Suite 2006 2007 Shar ed Gesear ch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved s Shared Research http Wwww sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved w 4847 SR Research Report 2014 9 26 2008 2008 8 2008 11 2009
97. 2 244 832 22 5 488 39 s Shared Research http Wwww sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved w 4847 SR Research Report 2014 9 26 660 122 27 6 158 53 CWAT
98. 1 4307 IBM IT 27 3 IT
99. CWAT CWAT 26 3 3 55 31 34 09 45 69 Face CxSuite Face 1
100. 2012 7 25 4
101. 4847 SR Research Report 2014 9 26 SR GCA
102. Mi 13 ii 24 SW Strengths Weaknesses 25 NSRSSRI2EAEe3ZGNZSE2SRea 26 28 29 46 48 ei 49 51 a 51 amp 4 51 58 1 58 PP 5 0 58 59 TRI EQRRROEOTKQK NNQNRK KO NR KR KA 59 60 a T sShared Wesearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved w es Shared Yesearch http Wwww sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved e 4847 SR Research Report 2014 9 26
103. amp amp 2014 4 2014 4 2 3 2014 6 2014 6 6 500 6 000 170 400 190 400 lt Shared Yesearch http Wwww sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved e 4847 SR Research Report 2014 9 26 90 250 6 000 6 500
104. 2015 6 6 400 2 4 380 161 1 400 117 5 250 188 2 2015 6 1 2
105. 4847 SR Research Report 2014 9 26 2012 6 2013 6 2013 6 2 2012 11 1 2 2012 2013 6 3
106. 565 2014 6 2 3 2013 9 2014 3 2015 6 55 49 52 09 Shared esearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 4847 SR Research Report 2014 9 26 800 500
107. 40 6 4 10 6 11 6 12 6 13 6 14 6 32 49 36 56 66 152 52 48 105 58 396 351 355 313 265 7 2 0 0 0 588 454 440 475 389 87 0 89 5 84 3 93 9 93 4 0 0 0 0 0 87 53 82 30 27 0 0 0 0 0 87 52 82 30 27 12 9 10 3 15 7 5 9 6 5 676 507 522 506 417 SR CWAT EUCSecure
108. 433 s Shar ed 6Qesearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved w 4847 SR Research Report 2014 9 26 1984 NTT NET 1 1980 UC
109. 7 2 6 7 2 5 11 5 2 2 5 9 388 342 155 587 184 400 64 9 11 8 54 8 117 5 7 8 7 2 2 9 10 0 2 8 6 3 212 129 270 349 87 250 12 6 38 9 108 9 188 2 4 3 2 7 5 2 5 9 1 3 3 9 263 263 263 263 26 340 EPS 846 0 491 5 1 026 9 1 325 3 3 3 9 5 DPS 500 0 500 0 500 0 500 0 5 0 5 0 BPS 17 626 17 866 18 680 16 884 169 p 2 090 2 783 2 808 2 085 2 420 3 450 3 822 4 335 3 560 3 524 403 388 327 307 290 1 470 1 375 1 495 1 573 1 459 128 132 206 315 367 2 002 1 895 2 028 2 195 2 116 5 451 5 717 6 363 5 755 5 640 104 249 617 377 192 0 0 0 0 0 587 765 1 147 1 007 881 0 0 0 0 0 221 246 296 301 307 808 1 011 1 443 1 308 1 188 4 643 4 706 4 920 4 447 4 451 0 0 0 0 0 WP 301 795 252 588 620 200 61 25 3 47 310 132 138
110. CITRIX XenAPP PC VeTracer 76 24 79 113 98 CxSuite Face 2013 7 2013 6 2 2013 2 6 2013 6 2 2013 2 1 2013 6
111. Face 2014 6 FAQ BtoC 1 2 000 3 000 200 lt 300 SR Research Report 2014 9 26 4847 7 a Face of
112. 1 874 1 490 2 296 2 044 1 946 SR ACE Plus 2012 6 RIX WebSequencer RIX Latency Buster Messaging LBM 29West
113. 12 8 53 127 CWAT 2012 10 EXPO PC CWAT 2013 VeTracer 47 95 6 72 96 CxSuite
114. 2012 6 2 2 528 2 400 29 10 33 12 174 5 2012 6 5 300 400 410 393 220 sShared 6Qesearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 8 w 4847 SR Research Report 2014 9 26 2012 6 2 2 1 1 7912 2
115. 572 419 785 132 1 79 449 5 8 30 8 VISA 2 s Shared Research http Wwww sharedresearch jp Copyright C 201
116. 2014 6 2014 1 1 1 100 2014 6 1 5 IR IR http wwwr iwi co jp ir index htm we Shared Gewearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved amp 4847 SR Research Report 2014 9 26 03 6222 7111 1984 12 27 HP http www iwi co jp IR IR ir_info iwi co jp 104 0033 1 21 2 JASDAQ 2001 6 15 6 IR http www iwi co jp ir IR 03 6222 7015 lt Shared esearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved w
117. 61 330 67 210 1 2 2010 9 2010 9 28 DTS 9682 CWAT SaaS EAGISCORP 10 1 2010 9 17 Intelligent Wave Korea Inc Shinsegae Shinsegae I amp C Co Ltd 9 15 ACE Plus 2010 9 9
118. 2012 6 Intelligent Wave USA Inc 497 2012 6 2 173 2011 8 2011 8 3 2011 6 2011 6 4 762 5 330 321 230 341 250 129 120 1
119. http Wwww sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved e 4847 SR Research Report 2014 9 26 100 1 Intelligent Wave Korea Inc CWAT IT 14 25 1 9613
120. 4847 SR Research Report 2014 9 26 507 24 9 318 2010 6 413 2011 6 2012 6 2010 6 2010 8 11 2010 6 4 957 10 39 358 56 69 388 64 9 212 12 6 2010 8 4 2010 6
121. http Wwww sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved w 4847 SR Research Report 2014 9 26 10 6 11 6 12 6 13 6 14 6 15 6 4 957 4 763 5 242 5 871 6 558 6 400 10 3 3 9 10 1 120 11 7 2 4 3 120 3 121 3 867 5 397 5 217 1 837 1 642 1 374 473 1 342 37 1 34 5 26 2 8 1 20 5 1 479 1 321 1 243 1 151 1 196 29 8 27 7 23 7 19 6 18 2 358 321 132 678 146 380 56 6 10 3 59 0 161 1 7 2 6 7 2 5 2 2 5 9 36 31 29 96 44 6 10 6 5 5 388 342 155 587 184 400 649 11 8 54 8 117 5 7 8 7 2 2 9 2 8 6 3 139 37 20 67 1 102 119 20 16 0 212 131 115 187 86 212 129 270 349 87 250 12 6 38 9 108 9 188 2 4 3 2 7 5 2 13 3 9 SR
122. jesearch http Wwww sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 4847 SR Research Report 2014 9 26 982 2014 6 1 233 980 2013 6 2012 3 2014 6 2014 2 PMO
123. 2 2 2 677 5 8 834 29 831 33 835 175 2012 6 2013 6 1 sShared 6Qesearch http 7 www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved amp w 4847 SR Research Report 2014 9 26 2
124. Linux OS NET 1 NET 1 s Shared Research http Wwww sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved w 4847 SR Research Report 2014 9 26 2013 6 2 044 5 29 796 10 6 11 6 12 6 13 6 14 6 1 116 828 1 220 1 188 1 380 179 58 52 78 52 298 313 304 297 286 15 6 9 17 17 1 608 1 205 1 587 1 582 1 737 85 8 80 9 69 1 77 4 89 3 100 163 464 170 58 165 122 244 292 150 0 0 0 0 0 265 284 709 462 209 14 1 19 1 30 9 22 6 10 7
125. sShared Search lt SR Research Report 2014 9 26 4847 sr_inquiries Gsharedresearch jp 4847 SR Research Report 2014 9 26 3 4 Gi 5 6 5 6 i 6 13
126. 142 142 ROA 4 1 2 3 4 5 1 5 ROE 4 8 2 8 5 6 1 9 85 2 82 3 77 3 77 3 78 9 SR 2014 1 1 1 100 Shared esearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 4847 SR Research Report 2014 9 26 2014 8 25 2014 6 2014 6 2014 8 6 2014 6 3 amp lt Shared esearch http Www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved w Shared1 4847 SR Research Report 2014 9 26
127. 6 2 020 1 837 1 642 1 374 473 37 37 34 26 8 229 358 321 132 678 4 1 7 2 6 7 2 5 EBITDA 328 500 470 238 547 EBITDA 5 9 10 1 9 9 4 5 ROA 3 7 4 1 2 3 4 5 ROE 4 6 4 8 2 8 5 6 1 1 0 9 0 9 0 9 1 0 13 4 18 3 24 5 12 9 10 2 21 8 15 5 14 2 45 3 39 0 1 093 1 218 947 1 293 1 266 448 6 587 3 499 6 377 9 353 4 368 7 540 6 471 5 315 6 275 4 CF 53 9 46 9 117 5 26 3 40 9 45 0 59 1 57 1 46 9 CF 48 3 37 2 78 6 17 4 51 84 48 44 56 321 125 272 347 27 SR 2001 6 2011 6 2012 6 2013 6
128. 6 279 286 38 3 10 9 690 2014 6 30 50 61 10 37 1 77 1 14 0 86 0 79 UFJ 0 76 0 73 0 51 0 51 SR e SadQeweami http 7 www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 8 4847 SR Research Report 2014 9 26 9 2014 6 30 46 8 1 7 51 3 0 2 100 0 SR 2006 6 500
129. www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 8 w s Shared Research http Wwww sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved w 4847 SR Research Report 2014 9 26 2011 2 2011 2 21 Saltlux 2011 2 10 Saltlux 400 Salutlux 2011 1 2011 1 28 2011 6 2011 6 2 070 1 720 61 330
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132. 3 Shared Research Inc All Rights Reserved w 4847 SR Research Report 2014 9 26 421 9 3 38 91 28 5 1 9 45 44 4 97 40 22 99 27 4
133. 50 2012 6 2012 BPO Business Process Outsourcing 522 3 0 71 2011 6 318 CWAT sShared 6Qesearch http 7 www sharedresearch jp Copyright C 2013 Shar
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135. All Rights Reserved w 4847 SR Research Report 2014 9 26 2012 277 5 7 50 127 CWAT CWAT 5 0 CWAT 5 0 2013 6 10 1 000
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137. ed Research Inc All Rights Reserved J w 4847 SR Research Report 2014 9 26 125 158 Face CxSuite 2011 6 2011 8 10 2011 6 2011 8 3 2011 6 3 99 4 763 1
138. redresearchjp Copyright C 2013 Shared Research Inc All Rights Reserved W gt SadQeweami http 7 www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 4847 SR Research Report 2014 9 26 NET H ACErus CWAT CxSuite ATM dy ss m nm lg 4 365
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