髙島屋（8233） - シェアードリサーチ
Contents
1. SR Inc2. DIC TOKAP
3. 5 ROI SR
4. SR 10 2 56 011 3 000 102 200 497 43 218 7 281 28 599 239 816 162 591 8 990 201 608 986 7 766 381 943 79 394 17 840 42 760 8 741 4 816 143 921 11 354 859 7 203 19 416 545 282 785 098 85 684 24 593 125 3 202 77 020 59 489 22 309 3 742 26 275 302 444 95 962 860 55 383 67 9 838 29 301 191 411 493 855 56 025 45 085 174 741 514 12 060 3 842 291 239 59 734 120 555 64 544 11 2 55 503 15 000 121 263 562 38 566 5 160 30 944 265 878 160 020 8 814 208 772 2 456 1 856 381 920 79 528 16 655 43 613 7 830 4 790 142 838 11 354 764 14 332 26 451 551 209 817 088 87 248 14 083 500 3 035 76 871
5. SC SC
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7. 25 099 25 109 3 32 22 4 4 7 259 14 5 5 6 6 3 8 4 73 11
8. 2013 2 100 0 74 6 9 0 3 6 2 0 1 1 3 2 09 0 5 1 9 3 9 1 7 1 1 SR 2006 2007 2008 2009 2010 2011 2012 2 39 2 75 1 60 0 50 1 10 0 95 1 14 2 60 2 80 1 66 1 30 0 12 1 41 0 13 480 50 340 251 2 29 15 1 77 2 34 4 42 4 01 2 31 1 21 2 23 2 77 2 20 1 50
9. SS ee 8233 SR Research Report 2014 4 10 368 2 9 17 30 8 2019 2 9 200 2014 2 9 042 480 291 ROE 6 3 5 4 49 4 39 7 1 400 1 675 3 000 354
10. Weaknesses ROI
11. 2014 2 9 042 338 2009 2 5 9 000 291 36 334 35 187 22 es sShared Wesearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved Shared 6Qesearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All
12. s Shared 6Qesearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 34 68 8233 SR Research Report 2014 4 10 SC SC 2014 2 S C S C
13. 100 2 500 0 7 17 5 2 500 SR 10 000 000 9 000 000 8 000 000 7 000 000 6 000 000 5 000 000 4 000 000 3 000 000 2 000 000 1 000 000 0 Sa ap pg Wk PP DWo rp PE PB Sw PR
14. 250 30 170 1 600 190 3S9 ee s Shared Research http Wwww sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 8233 SR Research Report 2014 4 10 ASEAN 950 80 2015 2 9 000 0 5 310 6 5 340 1 9 205 9 5 SC
15. 380 360 26 25 8 26 29 2013 2 255 20 7 s Shared Research http Wwww sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 8233 SR Research Report 2014 4 10 7 701 1 09 1 8 119 19 9
16. MD S5 C S M S C 100 S C 4 Ss C http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 8233 SR Research
17. 19 281 26 160 573 74 A 13 902 70 B 1 000 2012 12 2012 12 14 1 1 68 63 68 8233 SR Research Report 2014 4 10 33 4 22 79 1 1996
18. 1999 2003 2004 1996 2000 2006 2009 2008 2010 2011 180 2012 61 68
19. T Shared Wesearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 8233 SR Research Report 2014 4710 4755 E 1 7606 1 9831 1 7453 1 8011 1 8802
20. http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 24 68 Shared 8233 SR Research Report 2014 4 10 2013 2 1 97 2 25 2016 2 IFRS
21. 26 329 27 06 0 74 8 1 1 1 8 2 19 6 24 1 835 5 6 25 2 18 100 14 5 12 3 9 5 9 2
22. 2014 2 420 2013 2 360 400 2012 33 2013 5 89 a Shared leSearch http Wwww sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 36 68 Shared 8233 SR Research Report 2014 4 10
23. 2018 2 9 000 2013 2 300 400 150 SR 4 Shared 6Qesearch http 7 www sharedresearchjp Copyright C 2013 Shared Research Inc All Rights Reserved 49 68 we 8233 SR Research Report 2014 4710 2013 2 3 2012 12 27 2013 2 3 2013 2 3 6 292 2 3
24. 8 25 469 0 12 26 02 0 3 10 18 2012 12 2 5 9 27
25. 1 8267 2007 9 1 3086 10 1 8242 2008 4 1 3099 09 10 6 2008 2010 3
26. 10 2014 2 131 337 25 28 25 419 6 70 4 44 68 8233 SR Research Report 2014 4 10 2012 12 80
27. 190 11 2 8 7 300 1 339 5 0 78 8 0 117 1 29 36 12 3
28. SR GCA
29. s Shared 6Qesearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved lt 9 68 8233 SR Research Report 2014 4710 GMS 1 9831 1 9843
30. 2013 3 1 9020 20 1 6 14 1925 2016
31. 100 6 SR 8233 SR Research Report 2014 4 10 SR 1900 1933 1952 1965 1963 2009 1 50 508 m 2013 2 1 261 03 2 04 2 05 2 06 2 07 2 08 2 09 2 10 2 11 2 12 2 13 2
32. 7 2013 9 7 830 5 173 44 4 6 400 2013 2 542 8510 5 1 5 1 1949 5 16 2 IR http www takashimaya co jp corp ir index html h eader IR 03 3668 7253 330 827 2013 2 56 025 UFJ UFJ 2013 2 67 68 8233 SR Research Report 2014 4 10
33. a Shared Research http 7 www sharedresearchjp Copyright C 2013 Shared Research Inc All Rights Reserved 45768 we s Shared Research http Wwww sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 8233 SR Research Report 2014 4710 2014 2 1 2013 6 28 2014 2 1 2014 2 1 2 140 3 2 61 3 6 1 891 3 19 49 2 3 0 02
34. 25 50 25 77 26 23 26 409 8 19 22 2013 2 3 144 16 19
35. 2011 3 72 712 m 2013 2 1 200 3 UF TE CITY 2013 2 03 2 04 2 05 2 06 2 07 2 08 2 09 2 10 2 11 2 12 2 13 2 154 976 172 251 163 558 162 967 142 543 139 535 124 371 107 898 114 907 117 890 119 997 5 3 3 1 5 0 0 4 1 0 2 1 10 9 13 2
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38. 2002
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41. SC 2011 3 S C 10 26 7 4 4 11 1 3 s S
42. 1 9983 1 8227 SR 1 8263 1990 2000 19
43. 1945 1968 1995 2003 1950 1974 2005 2008 2012 1951 UFJ 2006 2010 2012 2 7 858 9 651 5 192 5 718 2012 2
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46. 330 827 330 827 330 827 330 827 330 827 EPS 35 6 23 4 42 0 33 0 50 1 EPS 34 5 22 1 39 1 30 7 46 6 DPS 10 0 10 0 10 0 10 0 10 0 BPS 843 8 871 1 897 9 915 9 998 6 28 1 42 8 23 8 30 3 19 9 SR IR 2 4 10 http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 66 68 lt Shared Wesearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved lt 8233 SR Research Report 2014 4 10 06 6631 1101 1919 8 20 HP http www takashimaya co jD corp index html a Itop IR IR 88 5 3 9 2 2 1 3 9 4 1 2013 2
47. 650 370 98 2007 2 2013 2 397 6 0 36 4 2 2014 2 445 11 9 37 2 3 Shared Wesearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved e 8233 SR Research Report 2014 4 10 SR 100 1963 SC
48. S C SC 2012 2 2013 2 321 2 2 66 9 7 2014 2 340 5 9 67 2 19 20 SC
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50. 2000 3 33 49 1 100 2012 56 246m2z 2017 87 000 m 5 6 S C a Shared Yesearch http Www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved lt 0 68 es 8233 SR Research Report 2014 4710 2019 3 1 2 000 SC
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52. SC 2019 2 12 000 m SC 150 2013 2 2014 2 2015 2 2016 2 2017 2 2018 2 2019 2 20 gt 0 SR s Shared Besearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 8233 SR Research Report 2014 4 10
53. 109 2009 290 2013 2 245 2010 1 2010 3 2010 3 2010 8 2010 5 2010 9 2010 8 2011 10 MEN S TOKYO 2010 8 2012 4 2010 12 2012 10 2011 3 2012 11 2012 1 2013 4 2012 2 2013 6 2012 3 2012 3 2013 3 2011 3 2011 5 JR 2012 4 ShinQs 2012 5 SR s Shared 6Qesearch http www sharedresearch jp Copyright C 2013 Shared Researc
54. SR Tnc SR Inc http www sharedresearch jp Email info sharedresearch jp 3 31 12 03 5834 8787 Shared Besearch http Www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 68 68
55. 10 4 10 2 MD 1 SD 76 98 67 8 2016 190
56. SC 2012 12 7 40 000 m 40 2 1 7 2 1 5 000 10 15
57. 2013 80 2015 2012 12 40 185 180 130 1 22 000m 120 000m 60 000m 60 000m 960 SR 2015 1009 6 ASEAN 2 22 7
58. PPV VP VV PP PPP PY YY VY PY SR 1 10 000 000 6 4 175 342 SR w a Shared esearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 8233 SR Research Report 2014 4 10 2011 13 196 000 60 3 8 861 000 26 1 2 632 000 24 0 9 058 000 17 8 24 689 000 110 4 SR 1 4 1 4 6 2010 2011 2012 2010 2011 2012 5 885 5 875 6 127 22 940 8 611 6 218 8 368 127 799
59. 86 0 4 27 20 8 s Shared Research http Wwww sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 8233 SR Research Report 2014 4710 252 3 7 2 9 4 4 1 2012 12 19
60. 1989 1 18 18 100 100 50 2 130 m 57 400 1993 100 0 38 000 1994 50 0 40 000 2012 100 0 25 50 25
61. 357 3 79 12 6 407 0 12 37 53 165 51 8 0 5 1 9 8 69 22 59 2013 2 42 5
62. 1959 1956 Shared esearch http www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 60 68 1 Shared esearch http Www sharedresearch jp Copyright C 2013 Shared Research Inc All Rights Reserved 8233 SR Research Report 2014 4 10 1963 6 1969 Ss C 1970 1989 1988 1 1993 1 1994 1995
63. 6 000 m 3 000 m 18 SC 6 109 5 109 20 259 70 2
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66. 5 556 1 7 2012 10 48 0 7 146 26 8 5 7 1 0 251 3 5 59 4 2
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72. 55 8233 SR Research Report 2014 4710 2014 2 10 3 5 3 MD 420 360 20 25 28 25 419 22 10
73. 2011 9 11 30 2012 2011 37 1 2010 1 29 3 350 50 6 7 2005 2006 2007 2008 2009 2010 2011 2012 1 747 171 2 117 325 2 600 694 2 382 397 1 586 772 2 439 816 1 658 073 2 044 249 2 3 1 274 612 1 385 225 1 390 228 1 268 278 993 974 1 466 688 298 810 432 042 55 508 691 364 865 04 7 1 120 238 89 532 82 177 214 881 144 969 260 859 11 7 94 161 167 481 191 881 180 960 111 354 142 255 6 1 78 173 151 860 167 894 114 519 81 516 130 288 7 6 58 97
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