亀田製菓株式会社(2220）
Contents
1.2. 8 6
3. 2003 2009 15 SMTC Co Ltd THAI KAMEDA CO LTD
4. 2015 3 10 oie 10 00 KAMEDA 9 0296 5 5296 4 65 3 41o 2 66 1 85 1 81 1 55
5. J MG GCA
6. EE 09 3 100 175 0 155 0 MA a 135 0 115 0 100 0 95 0 75 0 55 0 35 0 09 3 10 3 11 3 12 3 13 3 14 3 15 3 SR sSh ared 1 ch lp http www sharedresearch jp Copyright C 2014 Shared Research Inc All Rights Reserved Shared esearch lp http www sharedresearch jp Copyright C 2014 Shared Research Inc All Rights Reserved 22 20
7. 2015 3 2 44 776 3 6 789 978 0 1 247 100 4 726 12 5 47 19 46 5 18 8 2 2 24 49 13 7 22 7 20 7 Pl 2014 3 2015 3 2015 3 3 69 95 000 47 1 5 978 09
8. VOYAGE GROUP SBS DIC
9. K 1 K 2 2013 M amp A 2013 25 1 No 1 39 9 5
10. Weaknesses 2014 3 59 M amp A M amp A 2 3
11. 2015 3 1 196 0 89 10 3 11 3 12 3 13 3 14 3 15 3 859 899 758 915 1 008 1 019 1 045 16 3 4 7 15 7 20 6 10 2 1 1 2 5 94 10 11 30 33 34 33 2 296 69 596 8 1 177 5 10 0 4 49 3 5 11 09 1 196 1 496 396 3 3 496 296 1 196 1 1 1 0 1 1 1 1 1 1 1 1 2 7 0 3 0 3 0 9 1 0 0 8 0 7 SR http www sharedresearch jp Copyright C 2014 Shared Research Inc All Rights Reserved 22 20 SR Research Report 2015 7 31
12. 4 1957 32 1971 46 1976 51 1987 62 2014 3 wie 08 3
13. M amp A PB Sh ared Wesearch http www sharedresearch jp Copyright C 2014 Shared Research Inc All Ri
14. 2014 2014 0 19 1 9 1 3 2014 2014 25 000 A 23 970 4936 7 23 401 23 427 i a a a A a 11 7 7 3 14 7 3 473 3 342 3 285 12 4 15 000 se
15. HAPPY Turn s 2 2014 4 Sh ared GYcsea ch
16. SR 3 M amp A SW Strengths Weaknesses Sh ared Wesearch http www sharedresearch jp Copyright C 2014 Shared Research Inc All Rights Reserved 2220 SR Research Report 2015 7 31 06 3 07 3 08 3 09 3 10 3 11 3 12 3 13 3 14 3 15 3 16 3 71 313 72 450 74 736 77 541 79 354 79 859 78789 81 324 92 833 94 849 98
17. Sh ared Wesearch http www sharedresearch jp Copyright C 2014 Shared Research Inc All Rights Reserved 2220 SR Research Report 2015 7 31 6 2010 3 2011 3 2012 3 2013 3 2014 3 2015 3 2016 3 1 470 1 260 659 4 098 1 850 2 134 i 960 480 521 2 620 850 1 360 550 300 105i 454 965 350 150 230 279 513 258 600 392 74 5
18. 2015 3 350 555 258 117 1 514 799 SR 1 x 2 x 3 Sh ared GYcsea ch lp http www sharedresearch jp Copyright C 2014 Shared Research Inc All Rights Reserved 22 20 SR Research Report 2015 7 31 2015 3 1 22 400 3 3 381 123 8 611 33 3 346
19. 8 8 2 3 200 300 6 210g 278 120g 206 2015 3
20. TOKAI KLab SR Inc
21. 3 TH FOODS INC TH FOODS 46 89 Sh ared Wesearch http www sharedresearch jp Copyright C 2014 Shared Research Inc All Rights Reserved SR Research Report 2015 7 31 2220
22. 2015 6 18 CEO COO CEO 1945 1968 1998 2006 2015 6 CEO COO 1954 1976 HAIHA KAMEDA JOINT VENTURE Sh ared lesearch http www sharedresearch jp Copyright C 2014 Shared Research Inc All Rights Reserved 22 20 SR Resea
23. HAPPY Turn s 2 2014 4
24. 89 4 http www toyosu CO jJD OEM 99 096 http www nissin seika cO jD 10096 No 1 http www onisifoods coO jD 100 http www kameda cn
25. JAXA http www sharedresearch jp Copyright C 2014 Shared Research Inc All Rights Reserved 22 20 SR Research Report 2015 7 31 10 3 11 3 12 3 13 3 14 3 15 3 541 487 534 779 4 372 5 438 6 998 1051 1 10 0 9 7 45 9 461 2 24 4 28 7 93 127 99 42 630 647 404 0 7 0 6 0 7 1 0 5 0 6 1 7 5 2 9 3 8 1 2 1 396 21 1 17 8 8 8
26. 2015 3 350 168 258 319 1 850 1123 SR 1 x 2 x 3 2015 3 3 71 029 3 4 2 741 84 8 3 512 43 9 2 059 21 9 74 9 74 0 65 39 44 9 68 9 53 9 64 3 54 1
27. 2014 3 2010 3 2011 3 2012 3 2013 3 2014 3 2015 3 2016 3 690 300 438 454 2620 850 1360 390 630 105 640 2522 636 680 300 330 333 186 98 214 680 kDSR Shared esearch lp http www sharedresearch jp Copyright C 2014 Shared Research Inc All Rights Reserved 2220 SR Research Report 2015 7 31 4 9 21
28. 2020 4 786 6 2013 25 7 2014 26 6 1 5 2014 3 22 20 SR Research Report 2015 7 31
29. 2020 1 500 10 30 M amp A 2
30. 1963 38 1960 1970 1980 1966 41 1977 52
31. 2013 25 ITHIEN HA KAMEDA JSC THAI KAMEDA KAMEDA USA TPP
32. 06 3 07 3 08 3 09 3 10 3 11 3 12 3 13 3 14 3 Z 7 4 7 6 8 2 8 0 7 9 7 5 7 1 7 9 8 3 47 2 49 4 48 2 44 7 45 5 46 0 48 6 51 5 46 0 43 8 30 8 32 4 36 2 34 2 30 8 28 0 23 9 20 4 19 8 18 8 11 8 11 3 10 1 10 7 11 9 13 0 15 2 17 9 18 4 19 4 15 2 15 3 15 3 15 0 14 7 15 3 14 6 13 7 17 8 23 6 24 1 23 9 23 9 24 4 24 8 23 9 25 0 26 6 20 5 15 5 35 0 36 8 34 4 31 0 32 6 35 1 38 8 42 8 44 0 47 7 SR 06 3 07 3 08 3 09 3 10 3 11 3 12 3 13 3 14 3 1 5 1 5 1 5 1 6 1 6 1 5 1 4 1 4 1 4 1 4 2 4 2 4 2S 2 6 2 6 2 5 2 4 2 1 2 11 8 11 3 10 1 10 7 11 9 13 0 15 2 17 9 18 4 19 4 47 2 49 4 48 2 44 7 45 5 46 0
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34. SR Inc SR tnc http www sharedresearch jp Email info sharedresearch jp 3 31 12 03 5834 8787 Sh ared Wesearch http www sharedresearch jp Copyright C 2014 Shared Research Inc All Rights Reserved
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37. Shared esearch lp http www sharedresearch jp Copyright C 2014 Shared Research Inc All Rights Reserved 22 20 SR Research Report 2015 7 31 4 4 81 673 1 4 4 940 15 4 4 4 147 6 9 62 23 4
38. 06 3 07 3 08 3 09 3 10 3 11 3 12 3 13 3 14 3 15 3 4 605 3 937 3 301 2 783 4 286 5 870 5 035 7 603 6 710 4 919 681 1 725 2 476 3 491 3 488 804 2 483 2 020 2 541 317 SR 4 8 54 Shared esearch lp http www sharedresearch jp Copyright C 2014 Shared Research Inc All Rights Reserved 2220 SR Research Report 2015 7 31 1984 10 1993 9 SESMARK FOODS INC TH FOODS INC 1997 10 10096
39. SR Inc Shared Researcn SR Inc SR Inc SR Inc SR Inc
40. 3 2018 3 2018 3 1 080 2015 3 14 7 0 2 7pt ROE10 09 1 7pt sSh ared 1 ch lp http www sharedresearch jp Copyright C 2014 Shared Research Inc All Rights Reserved 22 20 SR Research Report 2015 7 31 Mary s Gone Crackers
41. 6 998 28 79 404 647 06 3 07 3 08 3 09 3 10 3 11 3 12 3 13 3 14 3 15 3 73 000 74 000 76 000 60 000 62 000 82 000 80 000 89 000 95 000 71 313 72 450 74 736 77 541 79 354 79 859 78 789 81 324 92 833 94 849 0 8 1 0 2 0 0 8 2 6 3 9 1 7 4 3 0 2 3 400 3 100 3 500 3 800 3 600 3 700 4 000 4 200 2 993 3 240 3 339 3 128 3 481 3 330 3 365 3 497 3 306 4 032 1 8 0 9 0 5 12 49 6 5 5 5 17 4 4 0 3 300 3 400 3 200 3 700 4 300 4 100 4 300 5 000 5 100 3 133 3 331 3 506 3 314 4 021 3 938 4 059 4 294 4 530 5 157 0 9 3 1 3 6 8 7 8 4 1 0 0 1 9 4 1 1 1 800 2
42. 2000 3 2000 2006 2011 3 3
43. OO NO EE TH FDDDS 1INC THA KAMEDA CO LTD KAMEDA US INC http www sharedresearch jp Copyright C 2014 Shared Research Inc All Rights Reserved Shared esearch 22 20 SR Research Report 2015 7 31 2015 3 4 2 8 996 10 3 11 3 12 3 13 3 14 3 15 3 18 2 827 2 898 S28 3 724 3 958 4 135 0 290 12 5 2 5 12 2 14 5 6 3 4 596 197 4 182 245 285 360 367 16 290 98 096 4450 096 34 6 16 3 26 3 1 9 7 8 0 1 6 3 7 5 7 7 9 1 8 9 3 290 3 5 3 7 4 0 4 0 4 296 4 296 5 7 0 1 5 49 7 0 8 6 8 9 7 3 SR 1974 49
44. HAPPY Turn s 5 Sh ared GYcsea ch http www sharedresearch jp Copyright C 2014 Shared Research Inc All Rights Reserved 22 20 SR Research Report 2015 7 31 M Kameda Crisps
45. KAMEDA OKOME 2012 12 Mary s Gone Crackers Inc 2013 1 2 2014 3
46. 5 4 THAI KAMEDA CO LTD KAMEDA STC CO LTD Pr
47. 2 http www sharedresearch jp Copyright C 2014 Shared Research Inc All Rights Reserved 2220 SR Research Report 201577 31 1 4 Km 36 15 2015 3 L 8 8 2 8
48. TH FOODS TH FOODS TH FOODS 06 3 07 3 08 3 09 3 10 3 11 3 12 3 13 3 14 3 15 3 ED 2 993 14 2 350 210 3 133 17 5 3 240 8 3 206 115 3 331 6 3 3 339 3 0 283 115 3 506 5 3 3 128 6 3 305 119 3 314 5 5 3 481 11 3 647 107 4 021 21 3 3 330 4 3 812 204 3 938 2 1 3 365 1 0 906 212 4 059 3 1 3 497 3 9 998 201 4 294 5 8 3 306 5 596 1 346 122 4 530 5 5 4 032 22 0 1 241 116 5 157 13 9 SR
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50. 2016 3 2016 3 98 000 3 3 5 000 24 0 6 100 18 3 4 000 18 7 2016 3 150 680 600 86 2 134 1 166 SR 1 x 2 x 3 4 1 120
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59. 1960 1966 41 ha TT 52 6 1976 51
60. THAI KAMEDA CO LTD KAMEDA STC CO LTD THIEN HA KAMEDA JSC 1989 Sesmark Foods Inc TH FOODS TH FOODS 2008 20 22 20 SR Research Report 2015 7 31 KAMEDA USA INC Kameda Crisps 2012 24 12 amp Mary s Gone Crackers Inc 70 2 28
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62. 11 1 2 Sh ared Wesearch http www sharedresearch jp Copyright C 2014 Shared Research Inc All Rights Reserved
63. 2015 3 Mary s Gone Crackers Inc KAMEDA USA INC Sh ared GYcsea ch http www sharedresearch jp Copyright C 2014 Shared Research Inc All Rights Reserved 22 20 SR Research Report 2015 7 31 sSh ared 1 ch http www sharedresearch jp Copyright C 2014 Shared Research Inc All Rights Reserved 22 20 SR Research Report 2015 7 31 Ya
64. http www sharedresearch jp Copyright C 2014 Shared Research Inc All Rights Reserved 22 20 SR Research Report 2015 7 31 2 2208 1924 13 11 1 Shared Ch http www sharedresearch jp Copyright C 2014 Shared Research Inc All Rights Reserved 2220 SR Research Report 201577 31 SW Strengths Weaknesses Strengths
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66. 16 3 Shared esearch lp http www sharedresearch jp Copyright C 2014 Shared Research Inc All Rights Reserved 22 20 SR Research Report 2015 7 31 2016 3 1 22 453 0 2 501 31 4 775 27 0 466 34 8 TH FOODS INC THIEN HA KAMEDA JSC 22 9 23 6 10 096 9 1 12 796 12 096 11 69 10 896 ge
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79. 1946 21 a 1957 32 Sh ared GYcsea ch http www sharedresearch jp Copyright C 2014 Shared Research Inc All Rights Reserved 22 20 SR Research Report 2015 7 31 1960 35
80. 96 96 5 0 100 60 0 SQ 45 0 60 40 30 0 20 15 0 O O EE PP IE S gt Pa lt EE 1 2014 6 SR sSh ared lesearch http www sharedresearch jp Copyright C 2014 Shared Research Inc All Rights Reserved 2220 SR Research Report 2015 7 31 1950 25 1961 36 1966 41 x 1967 42 x 1976 51 1977 52 1986 61 x x 1989 1993 5 1996 8
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102. 34 SW Strengths Weaknesses 37 38 38 ooo 45 oo 46 0 48 49 49 49 50 50 oe 51 Es 51 52 i 53 sSh ared lesearch http www sharedresearch jp Copyright C 2014 Shared Research Inc All Rights Reserved wa 2220 SR Research Report 201577 31 30 3 18 1975 50 40 9
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105. 22 20 SR Research Report 2015 7 31 KAMEDA SEIKA CO LTD 3 1 1 025 382 2111 1 1957 8 1984 10 31 HP httD www kamedaseika CO D 3 IR IR httD www kamedaseika CO D COmDany ir irIndex html IR 025 368 7210 Sh aredd KWeSGaT ch http www sharedresearch jp Copyright C 2014 Shared Research Inc All Rights Reserved 22 20 SR Research Report 2015 7 31 SR
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112. http www sharedresearch jp Copyright C 2014 Shared Research Inc All Rights Reserved 22 20 SR Research Report 2015 7 31 2014 3 92 833 14 2 3 306 5 5 4 530 5 5 3 121 9 8 104 3 83 6 90 69 104 09
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119. 5 113 64 664 66 840 68 046 4570 4905 4889 5476 5325 5139 5636 6226 4186 3 858 2 145 2 084 2569 2536 2491 2372 2816 2735 2800 3757 4354 2319 588 890 535 392 1101 562 621 630 845 624 1233 1306 1306 1234 1248 1092 1077 1052 1151 1248 4103 5145 4589 5158 5202 5084 5543 6395 6378 6 874 13 062 14 781 13 809 14 632 15 692 14613 15 677 18 060 19059 17 008 2037 1 401 810 411 1470 3135 2235 3846 2356 2600 66 88 149 177 259 474 614 63 52 35 35 37 41 42 2070 2122 2079 7111 6961 6717 6653 6650 6415 6174 5818 4158 1623 610 554 468 572 451 537 5 282 2 235 9821 8 968 8 030 7736 8 696 10277 8850 12276 9338 7 151 4605 3937 3 301 2783 4286 5870 5035 7 603 6710 4919 22 883 23 749 21 840 22 369 24 388 24 889 24527 30 336 28 396 24159 1946 1946 1946 1946 1946 1946 1946 1946 1946 1946 1 565 487 487 487 487 487 487 487 487 487 21 285 22517 23828 25307 26 968 28581 30 391 32727 35321 37442 a7 0 8 343 923 1414 1884 1885 1887 1890 23 379 24 949 26 257 27397 28478 29600 30940 33274 35866 37985 471 636 17 4
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121. ghts Reserved 2220 SR Research Report 2015 7 31 2015 3 94 849 2 2 4 032 22 0 5 156 13 9 3 368 7 9 99 8 96 09 101 19 105 39 2014 3 _2015 3 _2015 3 92 833 94 849 2 2 95 000 99 8 3 306 4 032 4 200 6 0 4 530 5 157 13 9 5 100 101 1 3 121 3 369 7 9 3 200 105 3 SR
122. rch Report 2015 7 31 M 2012 2015 6 COO 7 4 4 2
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