株式会社ティア（2485）
Contents
1.2. 2012 9 2013 9 http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved J
3. 1 1 115 FACHA 2014 9 E 710 250 150 960 FA 1 415
4. 8 1990 1990 2014 81 8
5. SR Shared esearch lt http www sharedresearch jp 2485 2001 8 1998 1 1998 11 1999 8 1999 10 2001 2 2001 7 2001 7 2001 12 2002 7 2002 10 2002 11 2002 12 2002 12 2003 8 2004 10 2004 10 2005 11 2006 3 2006 7 2006 7 2008 6 2007 10 2009 10 2009 10 2009 12 2010 6 2010 10 2011 4 2011 10 2012 4 2012 6 2012 9 2013 4 2013 5 2013 8 2013 10 2013 12 2013 12 20
6. pta 1 2 7 07 9 08 9 09 9 10 9 11 9 12 9 13 9 a Shared esearch
7. P Sh ared esearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved a J 2485 SR Research Report 2015 7 21 PERPE D O RRIF 2011 9 150250 50 100 100 150 50 2013
8. 1997 TOR 2 10 IPO 20 3 600 50 100 JASDAQ 4298 10 4 1997 7 1
9. 2015 4 245 130 30 RAEO 3 6
10. 1 2 1 2014 12 1 158 Weaknesses 3
11. 2 lt 3 2 1
12. SR Tnc SR Inc 3 31 12 SAS 03 5834 8787 http www sharedresearch jp Email info sharedresearch p a j Sh ared Nesearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved
13. MG VOYAGE GROUP SBS KLab
14. 200 2014 9 127 16 500 ADA 73 Sh ared escar ch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved z 2485 SR Research Report 2015 7 21 07 9 08 9 09 9 10 9 11 9 12 9 13 9 5 267 5 868 6 216 7 640 7 827 8 356 8 920 9 528 13 6 11 4 5 9 22 9 2 4 6 8 6 7 6 8 3 846 4 186 4 356 5 228 5 299 5 569 5 816 6 162 1 421 1 682 1 860 2 412 2 528 2 787 3 103 3 366 27 0 28 7 29 9 31 6 32 3 33 4 34 8
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18. 70 1 30 25 1 2 1 12 5 25 2 1 hal Sh ared sas ch http www sharedresearch jp Copyright C 2013 Shared Research Inc All
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20. P Shared l esearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved J 2485 SR Research Report 2015 7 21 18 1997 2014 1 269 20
21. Sh ared escar ch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved a J 2485 SR Research Report 2015 7 21 i 07 9 08 9 09 9 10 9 11 9 12 9 13 9 14 9 1 487 412 555 860 597 924 806 1 151 2 983 215 02 711 919 901 717 529 FCF 1 2 496 197 147 150 322 23 89 622 721 341 470 16 139 115 289 429 A 165 212 225 308 332 335 379 394 B 1 052 296 591 702 900 850 507 556 C 18 32 41 49 66 90 FCF NI A B C 22 172 130 60 280 89 299 393 SR
22. J GCA DIC TOKAI
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24. 8 2014 9 22 2005 9 2014 9 13 19 11 49 14 99 17 1 2013 9 20 2015 9 10 000 5 0 1 032 4 0 980 5 9
25. 10 3 11 3 12 3 13 3 14 3 GAMA E 1 SR 0 659 10 705 10 879 10 928 11 304 0 2 0 4 1 6 0 5 3 4 6 588 7 023 7 324 7 386 7 964 4 6 6 6 4 3 0 8 7 8 4 071 3 682 3 555 3 543 3 340 6 1 9 5 3 4 0 3 5 7 924 1 040 1 174 1 306 1 380 336 1 12 6 12 8 11 2 5 7 8 7 9 7 10 8 11 9 12 2 1 480 1 737 1 855 1 988 2 275 13 9 17 4 6 8 7 2 14 4 22 5 24 7 25 3 26 9 28 6 323 113 153 158 17 879 810 834 840 911 esearch lt http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 14 5
26. 1990 P Sh ared escar ch http Www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved a J 2485 SR Research Report 2015 7 21 220 3 680 2015 4
27. 2016 1 3 amp a j Sh ared Wesearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved F pa 2485 2015 7 21 14 9 15 9 15 9 1 20 1 3Q 1 2Q 1 3Q 1 4Q 2 422 4 874 7 112 9 528 2 548 5 244 52 4 10 000 9 3 6 996 5 8 6 8 5 2 7 6 5 0 875 1 764 2 514 3 366 958 1 997 11 9 8 4 6 6 8 4 9 6 13 2 36 1 36 2 35 4 35 3 37 6 38 1 REA 588 1 156 1 729 2 3708 628 1 260 8 2 8 7 9 6 9 7 6 8 9 0 24 3 23 7 24 3 24 9 24 7 24 0 286 609 786 992 330 737 71 4 1 032
28. 59 196 1 150 F 680 aaa 2014 9 2 378 HAAHR 1 63 a Shared escar ch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved a J 2485 SR Research Report 2015 7 21
29. 2 SR a Sh ared Nesearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved F pa J 2485 SR Research Report 2015 7 21 2014 1 269 FAT 20 1 696 2015 2040 1 669 FA 2014 1 3 2015 2040 1 196 2013 80 2 86 6 2040
30. 2 163 12 4 32 ADA 38 4 9 2 2015 3 2 3 2015 9 1 1 2 548 ADA 5 2 1 5 0 4
31. Shared 1 esearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved a F741 PUSE 74 TES T41 TIL TA TRE
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34. SR SR http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved J 2485 SR Research Report 2015 7 21 MESO MEF O LARDA 30 1 2014 9 27 6 2014 3 27 3 2014 3 MARE ARERO TAM AGRA BA ELTDI O 2 SR 22 3 2014 9 61 0 2014 3 54 1 2014 3 w o A 2 14 9 14 3 14 3
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43. g 1 SR 07 9 840 104 12 61 56 1 074 1 875 1 037 28 2 943 148 796 945 209 10 220 4 107 5 181 217 940 176 236 1 569 2 559 2 559 4 129 580 214 258 1 052 1 052 101 3 499 2 659 08 9 696 79 20 75 71 941 2 021 883 39 2 945 135 805 940 184 11 196 4 080 5 022 232 912 162 199 1 505 2 285 2 285 3 790 580 214 437 1 231 1 231 133 3 197 2 501 09 9 1 019 123 21 90 72 1 324 1 946 883 506 53 3 389 149 896 16 1 062 159 124 283 4 734 6 058 236 1 124 240 273 1 873 2 630 28 2 734 4 607 581 214 657 1 452 1 452 93 3 754 2 735 10 9 1 185 108 35 90 59 1 476 2 651 946 141 185 3 924 153
44. 295 1 032 6 2 10 3 278 980 5 8 9 8 201 630 SR 2015 9 10 000 ADA 5 0 473 62 ADA 350 FC 59 SS MA 1 032 ADA 4 0 40 166 18 47 63 34 2015 9 91 2015 9 8
45. 1 975 7 2 3 3 2015 9 oo 67 ADMA 3 1 11 5 8 1 2 2014 9 9 527 ADA 6 8 73 156
46. 07 9 08 9 09 9 10 9 11 9 12 9 13 9 14 9 GEJA 63 66 70 78 85 80 78 76 2 0 2 0 2 0 2 0 2 1 1 9 1 8 1 9 SR O O 409 2014 9 37 7 Shared esearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 2485
47. JASDAQ 2344 JASDAQ 4656 1 9628 24 10 3 11 3 12 3 13 3 14 3 Ele 8 464 9 164 9 445 9 669 9 560 5 4 8 3 3 1 2 4 1 1 6 862 7 603 7 866 8 146 8 040 4 8 10 8 3 5 3 6 1 3 1 602 1 561 1 579 1 523 1 521 8 0 2 5 1 2 3 5 0 2 1 117 1 554 1 696 1 815 1 733 10 4 39 2 9 1 7 0 4 5 EEES 13 2 17 0 18 0 18 8 18 1 1 639 2 101 2 265 2 373 2 328 9 796 28 2 7 8 4 8 1 9 EEES 23 9 27 6 28 8 29 1 29 0 284 267 245 251 261 807 814 814 809 857 SR
48. http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved SR Research Report J 2485 SR Research Report 2015 7 21 a 14 9 15 9 E50 1 2Q 1 3Q 1 2Q 2 422 4 874 7 112 9528 2 5548 5 244 9 3 6 9 5 8 6 8 5 2 7 6 2 357 4729 6 907 9 259 2 481 5 081 7 8 6 0 5 3 6 6 5 3 7 4 65 145 205 269 67 163 115 1 45 3 27 2 151 3 1 12 4 286 609 786 992 330 737 20 3 7 9 0 7 5 6 15 3 21 0 435 8 5 4 0 0 1 4 5 8 0 12 9 11 23 36 43 11 32 297 5 53 6 34 1 4 4 5 8 38 4 159 301 458 625 151 295 14 9 15 9 EA 2Q 3Q 2Q 3Q 2 422 2 452 2 238 2 416 2 5548 2 696 9 3 4 6 3 4 10 0 5 2 9 9 2 357 2 372 21178 2 351 2 481 2 600 7 8 4 3 3 6 10 7 5 3 9 6 65 80 60 64 67 96 115 1 14 9 2 4 11 7 3 1 20 0 286 322 177 207 330 407 20 3 1 2 18 1 29 6 15 3 26 1 435 45
49. 330 ADA 15 3 305 ADA 11 09 189 ADA 14 09 40 34 74 2 481 EDA 5 3 469 8 0 Sh ared Wesearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved J 2485 SR Research Report 2015 7 21 1
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51. 21 24 SR 4 854 10 3 270 67 4 2001 2004 2006 2009 2012 Kag 3 803 3 980 4 108 4 876 4 854 10 2 413 2 558 2 654 3 281 3 270 63 496 64 3 64 6 67 3 67 4 10 1 390 1 422 1 454 1 595 1 584 36 6 35 7 35 4 32 7 32 6 13 16 18 21 24 SR aN Shared esearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved Shared 2485 SR Research Report 2015 7 21
52. 443 317 126 2015 9 120 14 9 15 9 3 1 0 4 1 0 2 6 2 1 22 SR 0 4 2 2 6 2 2 2015 9 4 7 8 7 2 1 4 7 2 5 3 6
53. 50 lt 150 1F 16 20 50 80 40 70 2F 100 1F 30 2F 120 Copyright C 2013 Shared Research Inc All Rights Reserved J 2485 SR Research Report 2015 7 21 1990 1990
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57. 1997 2015 4 23 1990 TWEL 8 SR
58. 81 82 2005 11 132 235 370 2006 3 56 91 147 2006 7 2015 7 41 142 184 2006 7 139 140 2008 6 148 185 2 336 2007 10 TA Ema 225 226 2009 10 94 72 167 2009 10 154 63 216 2009 12 145 146 2010 6 147 148 2010 10 123 125 2011 4 156 161 319 2011 10 127 131 2012 4 165 168 2012 6 282 291 2012 9 71 113 190 2013 4 26 142 175 2013 5 73 79 2013 8 81 88 2013 10 54 PIE 178 187 2013 12
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60. Sh ared escar ch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved a 2485 052 918 8200 1997 7 HP http www tearcO jD IR IR ir informationOtear co jp http www sharedresearch jp SR Research Report 2015 7 21 462 0641 3 35 1 1 1 2014 6 23 9 IR http www tear co jp company IR 052 918 8254 Copyright C 2013 Shared Research Inc All Rights Reserved 2485 SR Research Report 2015 7 21 SR
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65. J 2485 SR Research Report 2015 7 21 SW Strengths Weaknesses Strengths 10 27 6 24 79 10 10 5 2014 9 24 2014 9 7 301 30 FASES ONDOZHA
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69. J 2485 SR Research Report 2015 7 21 OTZARA 1714 7 HMB361 INEIRAARABE RA FAEH 39 34 73 2X I pu 9 258 ADA 6 6 1 574 ADA 4 5 o Jolt ch I rt 238 632 20 186 AIS 9 2 7 301 439 6 4 67 372 1 115 F
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73. 630 15 0 AD 200 2014 9 73 16 500 ADA 9 528 4 5 SR 10 SR SW Strengths amp Weaknesses DIAS a Sh ared Nesearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved F pa J 2485 SR Research Report 2015 7 21 07 9
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80. http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved EOD 18 3 C HR D 69 4 15 09 2485 SR Research Report 2015 7 21 2012 E 9 2014 9 8 8 07 9 08 9 09 9 10 9 11 9 12 9 13 9 14 9 61 8 64 0 61 5 66 3 64 3 53 4 45 8 41 7 59 Sal 59 5 5 Sal 6 8 8 0 8 8 SR 2014 9 65 0
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84. 1947 1959 2013 10 54 67 25 2013 2 1 a O A TY O 0 O N Y 0 O O N YT O O O N YT O O O N Y O O O N YT WW MO Q OC A 6 0 O O O O0 O A A A A A N N N N A M M M M M Y Y Y Y A A A O O O O O O O O O O O O O O O O O O O O O O O QO O OQO nn A A NA N N N N N NA N N N NNN dd dd NN NN dd dd dd Odd dd dd dd dd y SR 2013 10 2 500 Ha AOH 25 10 1 SR Shared esearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved a J 2485 SR Resea
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