ベネフィット・ワン（2412）
Contents
1. IT2. SR Inc SR Inc
3. Sh aredd esearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 2412 SR Research Report 2014 5 8 2013 3 2 2012 10 31 2013 3 2 2013 3 2
4. 2012 10 1 2 Benefit One USA Inc USA 100
5. 1 2 Sh sfed esearch lp http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 2 2412 SR Research Report 2014 5 8 335 4 060 2013 9
6. J GCA
7. 2013 3 2012 3 7 2012 3
8. N NN W 21 1 a I F 1 a gt
9. 1952 1992 1996 1 2168 1 2010 1967 1990 1995
10. Sh ared Gcsearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 2 2412 SR Research Report 2014 5 8 12 3 13 3 14 3 14 959 17 610 22 000 11 356 11 627 11 628 75 9 66 0 52 9 993 1 512 1 513 6 6 8 6 6 9 577 892 893 3 9 5 1 4 1 CRM 902 844 845 6 0 4 8 3 8 682 1 737 1 738 4 6 9 9 7 9 345 346 2 0 1 6 BTM 19 52 53 0 1 0 3 0 2 14 66 67 0 1 0 4 0 3 2 471 2 731 3 100 2 284 2 119 2 120
11. sh ared hesearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 2412 SR Research Report 2014 5 8 2005 2006 2012 5
12. 7 24 2013 3 2014 3 AR Augmented Reality
13. 2013 12 2013 10 5 sh ared hesearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved Shared esearch lt 2412 09 3 10 3 11 3 14 726 13 791 14 690 7 2 6 3 6 5 8 622 7 890 9 069 5 429 4 715 6 037 36 9 34 2 41 1 4 578 4 252 5 627 1 468 1 344 2 092
14. A A B 3
15. 20 2016 3 10 2013 3 7 79 2021 3 209 2021 3 2013 3 1 737 10 30 2013 3 134 20 50 SR 2012 3
16. 2012 3 2013 3 CRM
17. SR 1 Web Web Web 2014 3 76 096 Web Web 100 Web 2008 3 2009 3 2010 3 2011 3 2012 3 2013 3 2013
18. 3 SR JASDAQ4755 1 2371
19. http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 2412 SR Research Report 2014 5 8 2013 3 5 8 CRM CRM
20. 6 126 6 6 1 4 794 18 4 30 0 2013 9 335 2013 4 9 Web 76 09 2013 3 69 29 39 3 44 2
21. M amp A M amp A 2013 12 4 M amp A M amp A 2014 1
22. BTM Business Travel Management 2014 3 Sh aredd esearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 2412 SR Research Report 2014 5 8 2
23. 6 1 221 150 8 7 8 18 585 9 53 8 2012 5 171 5 59 4 9 31 15 7 29 8 IT
24. 2008 4 5 2014 3 2008 2012 2013 2 017 2017 70 459 2017 2008 259
25. 1 2
26. 3 1
27. TIT 2011 3 2012 3 sh ared WeseaTch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 2412 SR Research Report 2014 5 8 09 3 10 3 11 3 12 3 13 3
28. 2004 9 2005 5 1 5 2006 4 1 4 2013 10 1 200 2013 3 3 500 2013 10 1 200 46 09 ROE SR
29. 1 1 80 60 409 2013 10 2013 9 2013 9 5 2013 9 30 1 200 225 420 45 084 000 1
30. SR iR Weaknesses
31. 1 2168 1 2001 4 1996 3 1 8058 1 6501 1 8766 2002 30 2004 9 JASDAQ 2006 2 2008 2008 2
32. 309 SR 209 25 2013 3
33. 176 24 2012 3 30 2012 7 11 ASP Hi VOX qa BTM 23 197 8 11 26 56 1 12 14 2013 3 1 2012 8 7 2013 3 1 3 886
34. 2 1 2013Towers Watson 6 9 8 2013
35. SBS DIC KLab TOKAIU
36. 332 2013 4 326 81 2013 4 78 CRM
37. PASONA CS 1 2013 2001 JASDAO 2003 1 2007 12 Ssh ared Gear http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 2412 SR Research Report 2014 5 8_ SW Strengths Weaknesses Strengths
38. Shared esearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 2412 SR Research Report 2014 5 8 2008 9 315 18 22
39. 1 5 SR 1 5 38billion 3 8 1 100 September 2012 MATRIX USA Employee Incentive Outsourcing Services in the U S 1 4 400 2013 IMF 2 3 1 5 1 2 3 4 000 3 8
40. 2005 4 2006 4 2007 4 2008 4 2009 4 2010 4 2011 4 2012 4 2013 4 126 148 205 244 259 262 279 284 326 CRM 13 45 57 101 148 199 232 239 243 12 38 58 78 139 193 263 345 407 473 549 582 647 SR CRM Customer Relationship Management BTM Business Travel Management 77 8 6 3 4
41. 1 esearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved Shared 2412 SR Research Report 2014 5 8 1 2013 3 4
42. ChungHwa Benefit One Co Ltd 2014 2 50 30 35 90 80 1 000 3 5
43. 80 2013 12 sh ared hesearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 2412 SR Research Report 2014 5 8 2013 12 6 000 MATRIX USA Employee Incentive Outsourcing Services in the U S 38billion 50
44. 400 24 2013 3 SR 2013
45. 3 10 12 CRM 2 3 3 4
46. Shared WeseaTch http Wwww sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 2 2412 SR Research Report 2014 5 8 I 1 LL 1
47. 5 6 2014 2013 2013 11 Benefit One Asia Pte Ltd 2013 11 2014 2 2014 3 3 68 5 65 2 sh ared hesearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 2412 SR Research Report 2014 5 8 68 0 65 0 69 1 65 4
48. 400 CRM 1 000 SR 10 5 2018 80 2014 3
49. Sh aredd esearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 2412 SR Research Report 2014 5 8 USA NA
50. 89 80 2013 9 1 130 2013 3 58 80 CRM SR BB 1 9984 Yahoo BB BB 525
51. 2013 4 326 2012 4 42 Sh aredd esearch http Www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 2412 SR Research Report 2014 5 8 56 20 4 8 2012 4 15 2 21 8 29 7 2 6 2012 4 27 1 1 512 52 3 0 2 173 38 8 12 0
52. JV 2002 PayEasy Fesco 3 Fesco Thanks com OC Tanner Workflow One 8 Sh aredd esearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 2412 SR Research Report 2014 5 8 Abenity Next Jump Anyperk Club Benefit Shared
53. Benefit One Asia Pte Ltd ChungHwa Benefit One Co Ltd 2014 2 2013 10 50 2 1 2013Towers Watson 2013 10 2013 10 8 1 8001 Benefit One
54. Sh ared Gcsearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 2412 SR Research Report 2014 5 8_ 2012 10 1 2 Benefit One USA Inc USA 100 2013 10 1 8001 Benefit One Asia Pte Ltd 11 Benefit One Asia Pte Ltd ChungHwa Benefit One Co Ltd 2014 2 amp 2013 11 2013 11 1
55. sh ared hesearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 2412 SR Research Report 2014 5 8 2013 11 2014 4
56. BTM 34 51 6 15 69 6 3 11 42 1 7 21 63 1 46 2 2 12 10 2013 10 2013 11
57. 2014 3 2014 5 8 2014 3 20 356 15 6 3 169 16 0 3 145 15 99 1 892 16 5 sSh sfed esearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 2 2412 SR Research Report 2014 5 8 2015 3 23 500 15 4
58. Shared Researcn SR Inc SR Inc SR Inc SR Inc SR Inc
59. Sh aredd esearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 2412 SR Research Report 2014 5 8 2013 12
60. QASDAQ 8889 2012 4 525 L 525 9 Shared esearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 2412 SR Research Report 2014 5 8_ 2013 3 EE 10 39 1 2
61. 509 2014 3 413 2013 9 1 500 2013 3 350 6 2014 4
62. 2013 12 2017 70 459 2017 2008 25 CRM 2014 3 2021 3 159
63. CRM 406 0 2 54 92 8 Sh aredd esearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 2412 SR Research Report 2014 5 8 241 2012 3 4 7 39 469 115 0 11 17 2012 5 31 2012 7 230 2012 9 6
64. 1 469 5496 1 340 2013 3 284 Web
65. I 4 1 a W
66. 38billion MATRIX USA Ssh med csearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 2 2412 SR Research Report 2014 5 8 1 2168 54 43 2013 9 1 1996 3 CRM Customer Relationship Management
67. CRM NN 2014 3 RN
68. Benefit Station 1 Benefit Station 11 1 2 Sh ared Gear http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 2412 SR Research Report 2014 5 8 Web 7
69. 2 3 3 429 22 9 2011 3 0 1 9 0 2 471 7 3 2 512 7 2 1 447 Sh aredd esearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 2412 SR Research Report 2014 5 8 15 652 693 1 023 2013 3 2 657 2012 4 582 2011 4 33 284 5 CRM 239 7
70. SR 2021 3 8 2013 3 20 30 50 2013 3 173 6 119 4 134 59 2013 3 30 CRM 15 10 2014 3 1 8001 2013 3 2 119 5 6 15 SR
71. 1 2440 1 3289 JTB 2013 CRM
72. Sh aredd esearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 2412 SR Research Report 2014 5 8 2014 2 5 2018 80 2014 3 2014 3 1 2013 7 31 2014 3 1 4 552 17 1 549 17 2 530 12 6 302 7 6
73. amp amp OA amp net
74. 2012 3 1 2011 7 29 2012 3 1 2012 3 2 0 7 3 428 19 0 367 19 8 371 27 5 213 Ssh ared Gear http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 2 2412 SR Research Report 2014 5 8 09 3 10 3 11 3 12 3 13 3 14 3 15 3 p 14 726 13 791 14 690 14 959 17 610 20 356 23 500 7 2 6 3 17 7 15 6 15 4 8 622 7 890 9 069 9 058 10 922 12 818 6 103 5 901 5 620 5 900 6 688 7 538 8 3 3 3 13 4 12 7 41 4 42 8 38 3 39 4 38 0 37 0 3 769 3 555 3 353 3 429 3 956 4 368 25 6 25 8 22 8 22 9 22 5 21 5 2 334 2 345 2 267 2 471 2
75. 9 9 646 91 4 73 98 19 25 9 38 0 1 130 340 160 410 59 4 101 8 69 2012 3 14 13 4 2 19
76. esearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved Shared 2412 SR Research Report 2014 5 8 09 3 10 3 11 3 12 3 13 3 14 3 3 820 4 189 5 579 7 705 3 917 3 863 202 202 202 203 203 203 2 080 2 165 2 301 2 467 3 269 3 508 14 13 17 20 25 242 242 231 287 312 468 2 542 2 548 386 504 404 467 428 547 262 248 267 680 1 024 1 257 i 6 992 7 536 8 971 11 792 11 675 12 369 602 602 602 602 715 775 1 158 1 021 952 985 1 241 1 573 1 760 1 623 1 554 1 587 1 956 2 348 1 332 1 161 823 860 895 1 306 205 134 63 123 323 264 8 8 165 10 17 18 1 546 1 304 1 051 993 1 236 1 589 128 124 111 136 602 1 151 169 126 134 123 147 180 816 588 587 649 699 841 1 113 838 832 908 1 448 2 172 4 420 3 767 3 437 3 490 4 641 6 110 11 412 11 304 12 409 15 283
77. 4 000 1 350 300 892 54 6 22 2 222 183 9 36 9 78 2012 4 20 CRM 844 6 49 14 19 119 52 1 25 596 1 1 737 154 59 5 4 134 18 7 2012 5 31 345
78. 1 8876 1 5261 JTB 5 1 469 JTB Sh aredd esearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 2412 SR Research Report 2014 5 8 549 JTB 2 1 2013 4
79. M amp A 20 6 2012 3 0 4 2012 3 89 13 7696 17 910 2 800 CRM 11 627 2 4 1 6 2 119 7 2 1 2
80. 499 99 201 3 12 100 1009 Benefit One Asia Pte Ltd 60 Sh aredd esearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 2412 SR Research Report 2014 5 8 Benefit One Shanghai Inc 100 Benefit One USA Inc 1009 40 1 2168
81. 509 309 2013 11 12 000 2012 11 2013 3 9 LE 6 2006 5 38billion
82. SR tnc 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
83. 1 150 7 000 7 000 B A A 1 10 20 000 10 500 4 500 8 500 11 100 100 000 1 050 1 400 1 850 1 SR Sh sfed esearch lp http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 2412 SR Research Report 2014 5 8 A B 7 000 3 000 10 000 SR 1 7 000
84. 11 19 1 620 10 4 1 620 8 9 927 2012 3 2 2011 10 31 2012 3 2 2012 3 2 285 2011 3 15 CRM 236 4 54 18 575 38 2012 3 2 Sh aredd esearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 2412 SR Research Report 2014 8 7 067 36 2 2011 3 2
85. 8 176 880 876 521 2012 3 4 15 79 18 8 685 28 59 5 740 1 5 670 11 3
86. A 1 2 000 B 1 Ssh ared Gear http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 2 2412 SR Research Report 2014 5 8 150 0002 3 12 18 03 6892 5200 2 1996 3 15 2004 9 17 HP http www benefit one co jD 3 IR IR https bs benefit one co jp BE ONE official to_sha reholders index html IR a Sh aredd esearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 2412 SR Research Report 2014 5 8 SR
87. 150 2013 4 243 2012 5 M amp A Sh aredd esearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 2412 SR Research Report 2014 5 8
88. SR sh ared hesearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 2 2412 SR Research Report 2014 5 8
89. 1 6 2 0 3 078 3 49 1 430 2 0 1 799 25 5 25 0 0 5 11 9 759 10 2 757 10 2 435 611 7 123 4 607 4 508 1 903 1 799
90. 15 624 16 145 15 792 15 652 17 910 14 726 13 791 14 690 14 959 17 610 5 7 14 6 7 0 4 4 1 7 2 021 2 431 2 440 2 657 2 800 2 334 2 345 2 267 2 471 2 731 15 5 3 5 7 1 7 0 2 5 2 100 2 500 2 500 2 650 2 796 2 398 2 444 2 342 2 512 2 714 14 2 2 2 6 3 5 2 2 9 1 209 1 471 1 475 1 564 1 702 1 301 1 490 1 350 1 447 1 623 7 6 1 3 8 5 7 5 4 6 SR SR Web
91. 782 21 2 26 2 53 26 8 58 0 Sh aredd esearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 2412 SR Research Report 2014 5 8 546 33 3 0 1 154 52 7 29 19 89 2013 4 11 CRM 318 24 0 10 6 27 51 0 684 5 94
92. 469 470 281 2012 3 4 13 4 27 8 2013 3 2 68 506 2012 3 1 2012 3 2 48 49 Sh aredd esearch http Www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 2412 SR Research Report 2014 5 8 CRM
93. C amp C 926 905 813 851 463 410 3 193 3 175 3 031 21 7 23 0 20 6 1 624 1 693 1 648 1 569 1 482 1 382 6 103 5 901 5 620 8 3 3 3 4 8 41 4 42 8 38 3 3 769 3 555 3 353 25 6 25 8 22 8 1 610 1 716 1 644 2 158 1 839 1 709 2 334 2 345 2 267 19 8 0 5 3 3 15 8 17 0 15 4 SR 5 12 3 1 4 959 1 8 9 058 6 034 40 3 5 586 2 970 672 448 3 024 20 2 1 580 1 443 5 900 5 0 39 4 3 429 22 9 1 717 1 711 2 471 9 0 16 5 SR Research Report 13 3 17 610 17 7 10 922 6 963 39 5 6 347 3 285 624 616 3 958 22 5 2 157 1 800 6 688 13 4 38 0 3 956 22 5 2 023 1 932 2 731 10 5 15 5
94. 4 SR 2015 3 2014 4 402 2013 4 326 2016 3 100 2014 2 15 2 85 2014 3 2 2013 10 30 2014 3 2 9 436 15 4 1 025 16 5 986 12 6 565 8 5 900 13 99
95. 139 2 000 400 409 2008 SR
96. CRM 147 160 2013 9 1 30 2013 3 239 CRM 2013 6
97. MATRIX USA Shared esearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 2412 SR Research Report 2014 5 8
98. 2 2012 7 1 2013 12
99. 2013 10 Benefit One Asia Pte Ltd 60 2014 6 9 8 2013
100. 2010 4 11 2012 3 7 9 2012 2012 5 Benefit One Shanghai Inc
101. 2014 5 8 10 3 11 3 12 3 09 3 1 102 536 171 7 1 960 3 769 SR http Wwww sharedresearch jD 1 185 522 115 232 1 501 3 555 1 091 419 174 144 234 1 291 3 353 13 3 1 131 1 220 402 442 183 210 174 204 208 177 6 13 9 1 325 1 681 3 429 3 956 Copyright C 2013 Shared Research Inc All Rights Reserved 2 2412 SR Research Report 2014 5 8
102. BTM 2014 3 2 61 09 2013 3 1 2013 3 2 53 39 2 1 SR 2013 3 2013 5 8 2013 3 17 610 17 7 2 731 10 5 2 714 8 0 1 623 12 2 M amp A
103. ei 6 oe 8 Eo 8 SW Strengths Weaknesses 25 26 EE 28 ooo 32 34 5 46 6G 48 07 p im 50 1 0 51 eo 1 CE A NN NE 52 EN EO 54 Li 54 55 5 HP 55 so 56 Sh ared esearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 2412 SR Research Report 2014 5 8 09 3 10 3 11 3 12 3 13 3 14 3 15 3 14 726 13 791 14 690 14 959 17 610 20 356 23 500 296 6 396 17 79 15 696 15 496 6 103 5 901 5 620 5 900 6 688 7 538 8 3 3 3 13 4 12 7 41 4 42 8 38 3 39 4 38 0 37 0 2 334 2 345 2 267 2 471 2 731 3 169 3 620 19 8 0 5 10 5 16 0 14 2 15 8 17 0 15 4 16 5 15 5 15 6 15 4 2 398 2 444 2 342
104. M amp A 2009 3 Shared esearch lp http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 2 2412 SR Research Report 2014 5 8 09 3 10 3 11 3 12 3 13 3 7 0 6 5 6 6 6 3 6 1 6 0 52 1 56 2 55 5 58 2 59 4 60 8 26 4 32 6 38 3 35 0 36 5 32 9 13 8 11 2 9 5 10 4 10 0 11 1 5 2 5 1 5 8 5 2 5 5 5 9 70 7 71 5 62 6 70 8 66 8 61 4 4 9 4 1 2 4 2 2 2 6 10 5 SR 1 7912
105. 3 000 2012 4 1 1 5 000 2 140 e i
106. 9 9 4 1 2013 4 1 1 2168
107. 92 4 77 6 68 4 125 173 174 5 1 6 3 5 6 78 222 223 3 2 8 1 7 2 CRM 78 119 120 3 2 4 4 3 9 1 134 135 0 0 4 9 4 4 68 69 2 5 2 2 BTM 50 15 14 2 0 0 5 0 5 25 19 18 1 0 0 7 0 6 SR 2012 3 2013 3 66 6 77
108. A 2013 9 SR Sh aredd esearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 2412 SR Research Report 2014 5 8_ 2014 3 3 2014 1 29 2013 3 3 2014 3 3 14 719 15 9 2 122 19 1 2 088 18 4 1 257 18 3 3 20 10 5 3 2 3
109. 1996 1 2168 1 2000 a Shared esearch lp http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 2 2412 SR Research Report 2014 5 8 2013 3 621 320 549 225 2013 3 30 3 4 4 5 334 DOE 5 40 2014 3 100 2 000
110. 2013 3 2 600 65 2013 9 1 34 2013 3 44 Shared esearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 2412 SR Research Report 2014 5 8 CRM Customer Relationship Management 2013 3 596 496 CRM Customer Relationship Management
111. 3 620 14 2 3 600 14 4 2 250 18 9 2013 3 13 3 15 3 64 Pl 8 176 9 434 9 436 10 920 10 500 13 000 23 500 15 4 15 8 1 11 39 19 0 15 4 5 286 5 636 6 142 6 676 2 889 3 799 3 294 4 244 14 0 11 7 35 396 40 3 34 9 38 9 2 009 1 947 2 268 2 100 24 6 20 6 12 9 7 9 880 1 851 1 025 2
112. SR Research Report 2014 5 8 2412 sr_inquiriesQsharedresearch jDp 0 2 2412 SR Research Report 2014 5 8 iii 3 4 1 4 oe 4 EE 4 5
113. 12 8 68 5 6 BTM 52 170 4 18 296 15 2012 3 50 2013 3 7 66 387 6 66 9 19 2012 3 25 2013 3 16 2013 3 3 2013 1 30 2013 3 3 Sh aredd esearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 2412 SR Research Report 2014 5 8 2013 3 3 12 702 1 781 1 764 1 062 2012 3 4 17 2
114. 26 24 4 3 1 26 86 8 000 20 000 68ft
115. 64 2013 3 5 7 2013 3 409 80 510 160 200 M amp A 2013 3 660 1 405
116. 2012 5 9 2012 3 1 8 14 959 5 0 9 374 131 1 585 21 7 656 76 6 994 0 19 9 058 60 6 2011 3 1 1 0 1 6 034 0 2 3 024 Web 2011 3 53 69 65 59
117. 9 34 90 34 50 40 30 53 60 65 50 69 20 76 0 SR sSh sfed esearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 2412 SR Research Report 2014 5 8_ 1990 1997 6 297 2013 3 800
118. 100 2014 3 2013 5 8 1 3 500 17 5 Sh ared Gear http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 2 2412 SR Research Report 2014 5 8 2013 9 30 10 54 43 STATE STREET BANK AND TRUST COMPANY 5 28 3 30 THE CHASE MANHATTAN BANK N A LONDON SECS LENDING OMNIBUS ACCOUNT STATE STREET BANK AND TRUST COMPANY 505224 1 95 MELLON BANK N A TREATY CLIENT OMNIBUS 1 72 1 50 1 25 1 19 1 13 BBH FOR MATTHEWS ASIA GROWTH FUND SR 4 167 600 2013 9
119. 54 439 2013 9 1976 1979 1993 1999 1 2181 2 2012
120. 58 20 316 2013 3 123 CRM 247 1 894 1 366 2012 3 3 2012 1 31 2012 3 3 2012 3 3 0 8 10 840
121. esearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 2412 SR Research Report 2014 5 8_ 2
122. 16 316 18 480 1 568 1 523 1 586 1 926 2 074 2 237 g 2 2 936 1 782 1 955 3 501 4 683 5 112 4 506 3 305 3 541 5 427 6 757 7 349 4 68 72 86 156 237 331 486 4 578 3 392 3 698 5 664 7 088 7 836 1 505 1 514 1 516 1 516 1 522 1 527 1 445 1 454 1 456 1 456 1 462 1 467 4 213 5 265 6 065 6 961 7 924 9 101 330 330 330 330 1 730 1 730 6 834 7 912 8 711 9 618 9 227 10 366 754 884 946 828 1 507 1 739 6 3 814 4 189 5 579 7 705 6 459 6 411 SR y esearch lp http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 24 0 2412 SR Research Report 2014 5 8
123. 2 512 2 714 3 145 3 600 20 8 1 9 8 0 15 9 14 5 16 3 17 79 15 9 16 8 15 49 15 496 15 396 1 301 1 490 1 350 1 447 1 623 1 892 2 250 21 0 14 5 12 2 16 6 18 9 8 8 10 8 9 2 9 7 9 2 9 3 9 6 224 225 225 225 225 45 144 EPS 5 973 6 6 791 4 6 132 8 6 569 8 7 611 5 46 2 54 9 EPS 5 832 7 6 761 2 6 122 4 6 562 8 7 602 2 46 2 DPS 2 000 0 2 500 0 2 500 0 3 000 0 3 500 0 21 0 21 0 BPS 31 207 3 35 940 8 39 546 1 43 664 4 45 103 7 255 5 4 022 4 391 5 781 7 908 4 120 4 066 6 992 7 536 8 971 11 792 11 675 12 369 1 760 1 623 1 554 1 587 1 956 2 348 1 113 838 832 908 1 448 2 172 1 546 1 304 1 051 993 1 236 1 589 11 412 11 304 12 409 15 283 16 316 18 480 1 568 1 523 1 586 1 926 2 074 2 237 2 4 506 3 305 3 541 5 427 6 757 7 349 4 72 86 156 237 331 486 4 578 3 392 3 698 5 664 7 088 7 836 6 834 7 912 8 711 9 618 9 227 10 366 6 2 355 777
124. 20 0 2013 3 29 3 2013 3 2013 3 1 526 2012 3 854 2006 3 2013 3 2 0 ROE 17 2 2013 3 ROE 2012 3 1 2013 3 56 6
125. Asia Pte Ltd 2014 sh ared hesearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 2 2412 SR Research Report 2014 5 8 2012 5 12
126. 1 4 4 12 2 0 0 7 3 2014 2016 3 2017 3 2021 3 2012 5 Benefit One Shanghai Inc
127. 144 1 120 2 500 3 620 16 5 15 8 i 9 3 16 6 14 2 10 89 19 69 10 9 19 6 6 10 79 19 296 15 4 876 1 838 986 2 159 1 100 2 500 3 600 12 6 17 59 0 11 69 15 8 14 5 10 7 19 5 10 4 19 8 10 5 19 2 15 3 521 1 102 565 1 327 680 1 570 2 250 8 4 20 4 6 20 4 18 3 18 9 SR sSh sfed esearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 2412 SR Research Report 2014 5 8_ SR 20 2016 3 2013 3 259 2021 3 5 309
128. 2 192 2 533 2 631 2 211 1 815 22 43 167 1 821 1 717 491 431 558 574 2 095 555 ROA 11 9 13 1 11 4 10 5 10 3 10 9 ROE 20 3 20 2 16 2 15 8 17 2 19 3 59 99 70 0 70 2 62 9 56 6 56 1 SR 2013 10 1 200 Shared esearch lp http Www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 2 2412 SR Research Report 2014 5 8 2014 5 8 2014 3 2014 3 3 amp 14 3 6 6 3 3 886 4 290 4 526 4 908 4 552 4 884 5
129. 283 5 637 92 596 22 000 19 2 17 1 13 8 16 7 14 9 24 9 1 544 1 345 1 855 1 944 1 768 1 526 2 102 2 142 39 796 31 496 _ 41 096 39 69 38 89 6 31 2 39 89 38 0 1 075 934 953 994 1 218 1 050 1 005 1 095 21 1 13 3 12 4 5 596 10 2 469 411 901 950 549 476 1 097 1 047 102 296 3 100 11 6 17 2 15 8 21 8 10 2 13 5 12 1 9 6 19 9 19 4 12 1 9 796 20 8 18 6 14 1 470 406 888 950 530 456 1 102 1 057 102 496o 3 070 6 5 12 69 12 3 24 1 11 3 13 1 12 1 9 596 19 696 19 49 11 6 9 396 20 99 18 8 14 0 281 240 541 561 302 263 692 635 104 0 1 820 7 9 7 6 9 696 27 9 13 2 12 1 7 2 5 696 12 096 11 4 6 69 5 496 13 196 11 3 8 396 SR
130. 731 3 169 3 620 19 8 0 5 10 5 16 0 14 2 15 8 17 0 15 4 16 5 15 5 15 69 15 4 98 113 78 52 33 49 33 14 3 11 49 73 2 398 2 444 2 342 2 512 2 714 3 145 3 600 20 8 1 9 8 0 15 9 14 5 16 3 17 7 15 9 16 8 15 4 15 4 15 3 25 5 186 4 31 8 936 949 961 1 056 1 090 1 257 41 8 38 9 41 6 42 2 40 2 40 0 1 301 1 490 1 350 1 447 1 623 1 892 2 250 21 0 14 5 12 2 16 6 18 9 8 8 10 8 9 2 9 7 9 2 9 3 9 6 SR 2006 3 2013 3 2 8 CAGR16 2010 3 2014 3 159 179
131. Sh aredd esearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 2 2412 SR Research Report 2014 5 8 09 3 10 3 11 3 12 3 13 3 Pzjgb 1 2 355 777 2 192 2 533 2 631 2 211 2 8615 22 43 167 L821 L717 FCF 1 2 540 799 2 149 2 700 810 494 91 31 558 a Ff 2 095 32359 A 508 644 620 586 575 81 B a 264 248 314 814 UZ C 3 130 62 118 679 232 FCF NI A B C 71 1 740 1 660 1 837 705 1 139 SR 2013 3 2 714 2013 3 511
Download Pdf Manuals
Related Search