ドリームインキュベータ（4310）
Contents
1. sh ared hesearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 4310 SR Research Report 2014 1 28 2014 32. Ssh ared Gear http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 4310 SR Research Report 2014 1 28
3. SR Inc SR Inc
4. 2014 3 Ssh ared Gear http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 4310 SR Research Report 2014 1 28 1 209 1 112 1 696 1 972 2 379 13 8 8 0 52 5 16 3 20 6 3 325 4 284 28 8
5. 04 3 05 3 06 3 07 3 08 3 09 3 10 3 11 3 12 3 13 3 BP 36 36 40 42 51 51 46 50 57 65 SR 2013 3 69 196 53 196 TGC
6. Shared esearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 4310 SR Research Report 2014 1 28 IDC Japan BPO 2013 4 7 8 975 3 2013 5 2012 2017 4 29 2016
7. 3 1 1 x x 3 1 4 5
8. 2014 3 SR SR
9. SR Weaknesses
10. 2013 3 55 7 58 7 2004 5 2011 2 82 1 189 919 Ssh ared Gcsearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 4310 SR Research Report 2014 1 28 2008 3 2012 3
11. 2014 3 10 SR 7 2013 1009 2013 EC EC
12. 2009 3 2010 3 2011 3 2012 3 2013 3 544 517 570 704 773 256 255 293 336 396 108 116 104 100 137 38 31 68 52 65 16 16 18 16 25 6 6 6 19 22 16 10 23 55 57 29 38 31 35 40 42 39 44 59 50 800 772 863 1 041 1 170 SR Shared
13. IPO 2014 3 M amp A Sh aredd esearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 4310 SR Research Report 2014 1 28 20 e 1009 1
14. TGC 2005 8 2 LR OO 2007 2010 12 2011 8 ASEAN
15. 23 33 20 22 17 28 SNS 16 89 13 24 11 37 10 38 SR 2013 3 TIPO 2013 9 21 2013 7 12 2011 12 1 7 2011 10 5 SR 2010 6 DI
16. LED EL IC LED GM SR 1 7203 1 6902 1 9502
17. 1 88 2012 99 9 2013 3 34 39 s Sh ared Gear http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved a 4310 SR Research Report 2014 1 28 12 3 3 283 4 287 3 281 4 285 3 281 4 285 1 2 1 2
18. SR
19. TGC SR 2013 3 30 9 50 0 Sh afedi esearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 4310 SR Research Report 2014 1 28
20. 2000 2006 2013 IR 2 Sh sfed esearch lp http Www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 4310 03 5532 3200 2000 4 20 HP http www dreamincubator co jp IR IR 55 2 10 9 9 1 90 24 8 sh ared hesearch http W
21. 478 272 2 323 53 400 39 2 3 63 2 1 038 31 7 2 421 21 7 400 39 2 3 860 1 7 TIPO 3 510 2013 3 2 653 2014 3
22. 2012 250 8715 10 61 2 13 7 2013 3 2013 3 42 9 30 6 16 8 000 4 3 071 2013 3 4 000 551
23. 3 31 12 03 5834 8787 http www sharedresearch D Email info sharedresearch D sSh afedi esearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved
24. gt gt gt 1 Sh ared esearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 4310 SR Research Report 2014 1 28
25. EC 1 600 700 50 000 30 35 4 3 3 7 2 1 2013 4 6 3 2 Web 2013 IE Yahoo
26. Shared esearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved Shared 4310 SR Research Report 2014 1 28 2013 3 100 100 Dream Incubator Vietnam Joint Stock Company 99 91 5 Dream Incubator Singapore Pte Ltd 100 1 60 09 3 10 3 11 3 12 3 13 3 1 672 378 1 385 2 918 3 711 14 4 51 5 44 7 48 2 2 386 223 702 1 100 768 26 1 16 9 10 0 EBITDA 2 375 214 720 1 279 1 011 EBITDA 26 8 19 6 13 1
27. Sh aredd WeseaTch http Www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 4310 SR Research Report 2014 1 28 SR 12 1 5 4 27 7 12 7 2013 3 4 285 15 781 34 3 63 7 46 8 28 5 9 1 5 2 88 88 511 1 390
28. 4 8 1 5 2014 3 UAE 12 5 2013 9 Sh aredd esearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 4310 SR Research Report 2014 1 28
29. M amp A 3 732 20 0 347 11 5 Shared esearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 4310 SR Research Report 2014 1 28 570 241 1 379 73 3
30. 5 460 604 46 8 18 94 3 1 324 32 1 3 732 20 0 604 46 8 5 660 3 4 3 IPO 8 393 2013 3 2 653 3 364 5 2 406 36 2014 3 2 2014 3 2 4 385 15 0 519 6 3 537
31. 1 7011 28 17 2013 9 1 2 3 4 5 000 3 1 000 5 000 4 2 1 1 500 1000 2 1 100 lt 500 1 5 2 4 100 2 10 7 3 8 SR 1 2 3 4 5 6
32. TGC e 1 3 IPO 2013 9 2 6075 3187 11 29 1 6081 2013 3 1 2 100 2014 3 30 Sh ared Gear http Www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 4310
33. 4310 SR Research Report 2014 1 28 09 3 10 3 11 3 12 3 1 402 2 818 3 145 3 012 4 869 223 1 020 20 180 263 735 642 927 3 855 2 946 2 855 2 841 2 653 104 202 440 221 205 15 17 33 36 61 53 237 249 341 27 11 5 2 3 165 28 57 200 400 5 647 5 962 6 853 7 570 9 012 28 18 9 93 99 8 6 4 2 8 5 12 64 96 38 32 29 162 198 628 531 55 42 19 3 61 61 80 79 108 92 367 347 270 230 6 1 6 1 60 59 509 624 423 410 309 995 1 089 966 3 2 57 531 472 3 2 1 052 1 620 1 438 55 1 658 1 505 2 193 1 947 6 198 6 620 8 358 10 551 12 056 9 39 3 4 46 48 94 152 92 927 1 381 1 895 19 15 32 45 89 1 34 2
34. 1 625 2 818 3 145 4 032 4 889 5 647 5 962 6 853 7 570 9 012 38 32 29 162 198 509 624 423 410 309 3 2 1 052 1 620 1 438 6 198 6 620 8 358 10 551 12 056 9 39 105 102 1 244 1 833 2 420 10 13 105 102 1 244 1 844 2 434 6 092 6 518 7 114 8 707 9 622 _ 583 1 090 902 2 322 1 504 307 421 551 4 058 610 901 1 2 1 ROA 3 9 5 6 8 8 5 9 ROE 4 0 6 3 11 3 8 2 97 3 98 3 82 8 74 4 71 6 SR Shared esearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 4310 SR R
35. 4 509 2012 19 3 113 1 5 10 2013 3 2013 3 5 113
36. 50 10 1 37 19 2 31 1 1 2013 3 IRR 50 esearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved Shared 4310 SR Research Report 2014 1 28 I ee a rE rT LP DI EE 50 2 8 1
37. i SR GP LP 2013 3 7 7 3 1 ReVALUE 1 TGC 2010 7 100 2010 7
38. 1 583 1 090 902 2 322 1 504 2 307 421 551 4 058 610 FCF 1 2 890 1 511 351 1 736 2 114 901 0 1 2 1 A 11 9 18 179 243 B 0 16 5 155 133 C 9 83 508 77 247 FCF Ni A B O 2 976 159 73 934 534 SR Shared esearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 4310 SR Research Report 2014 1 28 2000 4 5 2002 2005 2007 Dream Incubator Joint Stock Company 2010
39. 137 188 446 414 3 071 5 349 SR 2013 3 5 59 8 79 32 8 2013 9 2013 9 IT 1 580
40. Liquidity Service Inc NASDAQ LQDT 13 475 EBITDA 96 EBITDA 2 2012 1 300 e TOKYO GIRLS COLLECTION by amp irlswalkercom 2012 2 TGC 60 TGC TGC TGC F1 TGC 2013
41. GCA TOKAI
42. 2 1 2 665 3 896 2 017 2 502 1 053 1 361 55 110 420 517 34 41 454 473 1 235 1 487 360 424 0 0 0 15 113 356 408 3 1 113 946 517 618 392 SR 0 780 3 1 020 0 1 030 3 1 480 Web 10 11 534 9 748 2012 10
43. 13 2 441 37 9 1 084 23 0 256 57 3 M amp A Sh aredd esearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 4310 SR Research Report 2014 1 28 2 421 21 79 173 22 49
44. DI Asian Industrial Fund L P 2011 82 11 DREAM INCUBATOR SINGAPORE PTE LTD 2012 1 TGC 60 Sh ared Gear http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 4310 SR Research Report 2014 1 28 a 2013 3 10 18 09 7 52
45. 1 416 1 508 899 979 426 160 3 6 5 40 4 8 9 56 5 8 594 2 625 2 620 2 690 6 526 7 693 34 9 0 2 2 7 142 6 17 9 4 297 2 242 1 305 3 609 3 981 1 672 378 1 385 2 918 3 711 266 4 110 7 27 2 14 4 51 5 44 7 48 2 714 601 683 1 817 2 942 27 2 22 9 25 4 27 8 38 2 2 386 223 702 1 100 768 56 7 30 2 26 1 16 9 10 0 72 56 19 15 33 23 26 22 10 42 2 336 193 698 1 104 759 58 2 31 3 25 9 16 9 9 9 3 46 1 3 652 19 271 7 10 1 4 7 39 0 3 0 4 0 9 0 6 5 1 2 996 249 422 833 671 69 5 97 4 19 4 9 5 15 7 12 8 8 7 SR esearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved
46. 9 5 15 7 12 8 8 7 ROA 3 9 5 6 8 8 5 9 ROE 4 0 6 3 11 3 8 2 32 2 40 9 35 9 69 0 68 1 73 74 70 5 5 5 180 263 771 694 941 5378 1 5845 1 550 9 413 0 372 4 5221 0 5817 6 543 4 398 7 353 7 CF 1 02 10 53 1 34 1 51 0 71 23 0 43 2 44 2 34 6 50 6 CF 5 6 10 7 0 7 1 3 0 6 25 7 30 9 72 7 43 0 40 2 9 83 508 77 247 SR 2012 3 esearch lp http Www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 4310 SR Research Report 2014 1 28 2009
47. Sh sfed esearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 4310 SR Research Report 2014 1 28 2013 7 HP 7 6 IUp or Out
48. Santedo DIAIF 2013 11 19 2014 3 31 1 100 96 825 9 682 500 1 100 sh ared hesearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 4310 SR Research Report 2014 1 28 13 3 14 3 1Q 2Q cle Le 1Q 2Q Kie 1 687 2 126 1 774 2 106 1 889 2 496 2 120 29 7 33 9 726 27 720 174 195 890 1 032 831 958 912 1 209 1 102 299 44 1 2 660 25 4 7Z2 2326 52 8 48 5 46 8 45 5 48 3 48 4 52 0 725
49. 1 2017 1 516 12 000 10 000 BU tm 6 000 OD 2 HU 12 13 iE 15 15 17 PO BEO FGO FGO IDC Japan 2013 2013 5 4 2 856 IDC Japan 2006 2007 2005 122 2011
50. 6 33 5 55 4 86 3 27 3 16 1 99 1 14 0 89 SR 1945 1969 1972 1980 1981 2000 2006 1965 1991 1995
51. 90 Sh aredd esearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 4310 SR Research Report 2014 1 28 250 2012 1 600 2 100 2012 10 2 800 2012
52. SR Research Report 2014 1 28 4310 sr_inquiriesQsharedresearch jDp 0 4310 SR Research Report 2014 1 28 4 ii 4 i 5 oo 9 EE kE k 5 9 EEEERuREINTQ 7 Y T TKTT
53. T T 1 0 25 oo 26 i 27 lt lt 27 eo 28 29 30 7 720 020 30 ES 31 EE ee 31 EEE 31 1 32 Sh afedi esearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 4310 SR Research Report 2014 1 28 10 3 11 3 12 3 13 3 2 625 2 620 2 690 6 526 7 693 34 9 0 2 2 7 142 6 17 9 1 672 378 1 385 2 918 3 711 266 4 110 7 27 2 14 4 51 5 44 7 48 2 2 386 223 702 1 100 768 56 7 30 2 26 1 16 9 10 0 2 336 193 698 1 104 759 58 2 31 3 25 9 16 9 9 9 2 996 249 422 833 671 69 5 97 4 19 4 9 5 15 7 12 8 8 7 95 95 96 96 96 EPS 31 421 2 616 4 414 8 698 7 002 EPS 2 605 4 412 8 696 6 767 DPS 2 100 BPS 63 264 68 229 72 274 81 895 89 573
54. 3 2010 3 2011 3 2012 3 2013 3 82 83 101 187 182 201 142 132 530 746 72 55 47 111 146 67 93 82 214 347 419 516 33 27 6 8 0 1 113 946 516 113 157 209 SR 2009 3 2010 3 2011 3 2012 3 2013 3 1 209 1 112 1 696 1 894 2 163 1 383 1 508 853 875 317 799 772 855 1 017 1 202 3 484 1 470 352 730 236 33 9 30 6 49 6 46 3 44 4 2 5 58 7 16 6 25 6 SR
55. SR Research Report 2014 1 28 2000 4 2014 3 3 2014 3
56. Shared Researcn SR Inc SR Inc SR Inc SR Inc SR Inc SR tnc
57. esearch lp http www sharedresearch jpD Copyright C 2013 Shared Research Inc All Rights Reserved 4310 SR Research Report 2014 1 28 113 Shared Gcsearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 4310 SR Research Report 201471 28_ SW Strengths Weaknesses Strengths 100 2008 3 2009 3 2007 3 130 2009 3 60 SR
58. 10 238 3 91 3 172 1 200 2 Sh ared Gcsearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 4310 SR Research Report 2014 1 28
59. 2 33 30 6 13 39 39 157 182 258 105 102 1 244 1 833 2 420 10 13 10 13 105 102 1 244 1 844 2 434 4 613 4 613 4 615 4 615 4 638 4 796 4 796 4 796 4 796 4 819 2 762 2 513 2 090 1 257 585 551 294 276 192 146 60 94 119 116 98 56 8 56 125 167 2 1 132 736 827 6 092 6 518 7 114 8 707 9 622 180 263 771 694 941 1 402 2 818 3 145 3 012 4 869 SR Shared esearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 4310 SR Research Report 2014 1 28 09 3 10 3 11 3 12 3 13 3
60. 708 719 790 780 821 888 692 692 708 52 5 4 76 160 222 43 0 33 3 40 5 37 5 41 3 32 9 41 9 164 325 112 167 132 387 214 36 9 182 927 1879 797 727 97 7 9 7 15 3 6 3 7 9 70 15 5 10 1 155 319 112 173 154 383 228 35 8 769 926 1944 9 227 7926 9 2 15 0 6 3 8 2 8 2 15 3 10 8 80 240 48 303 86 355 160 29 7 97 7 Z9 ZZ9 2229 4 7 11 3 2 7 14 4 4 6 14 2 7 5 SR 2014 3 3 2014 3 3 6 505 16 4 733 22 1 765 30 5 601 63 1 1 598 15 8 382 45 3
61. esearch Report 2014 1 28_ 2014 1 28 2014 3 3 201 4 3 3 2013 12 20 DI DIAIF Santedo Corporation DIAIF Santedo 25 Santedo Duy Tan TEVA Pha No 22
62. www sharedresearch jpD Copyright C 2013 Shared Research Inc All Rights Reserved 2013 9 2013 9 267 95 34 0 10 706 2013 9 SR Research Report 2014 1 28 100 0013 3 2 6 4F 1 2002 5 10 3 TIR httD www drearmincubatorcO D ir news IR 96 4 656 2013 9 2013 9 UFJ 4310 SR Research Report 2014 1 28
Download Pdf Manuals
Related Search