フリービット（3843）
Contents
1. R amp D2. 2016 4 1 6 421 21 4 377 8 9 262 19 4
3. MG J
4. RTB Real Time Bidding 2013 7 RTB
5. IDC VDC Virtual Data Center
6. DSP Demand Side Platform DSP Sh aredd Mesearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 3843 SR Research Report 2015 9 11
7. 1 529 9 1 96 55 VDC 5 864 5 9 349 12 79
8. 1 4689 Google Yahoo Japan API Application Progra
9. 103 39 110 196 122 096 235 89 2014 4 5 135 8 7 6 3 B2C freebit mobile DTI
10. Sh ared GYcsea ch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 3843 SR Research Report 20157 9 11 2 ISP 6 5 MVNO Pack 25 89 ISP 100 829 10
11. AdMatrix 2 16 000 2Q 23 23 7 101 115 M2M PandA M2M PandAl Pa
12. 103 353 76 5 127 2016 4 27 000 25 89 1 500 20 5 1 000 1 8 200 80 59 SR
13. 2014 11 4 2014 9 4 2 80 2015 4 1 2014 4 23 freebit mobile
14. 1 1 UTM Unified Threat Management VPN Web Sh aredd Mesearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 3843 SR Research Report 20157 9 11 SDN Software Defin
15. YourNet MVNO Pack 2015 3 CCC
16. Sh aredd Mesearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 3843 SR Research Report 20157 9 11 freebit mobile 2014 8 20 10 1 10
17. VOYAGE GROUP HD
18. CCC TSUTAYA TSUTAYA T TSUTAYA MUSICO TSUTAYA 2015 7 12 SIM 30 40 2015 5 SIM 5
19. SR Inc SR Inc 3 31 12 03 5834 8787 http www sharedresearch p Email info sharedresearch p 7 ma Sh aredd Mesearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved
20. SR 09 4 2 920 2 222 57 154 2 022 7 331 241 26 53 132 452 943 16 640 161 1 760 364 4 456 30 4 850 7 063 14 395 67 2 813 3 409 6 289 1 926 889 2 815 4 739 9 104 1 854 482 2 134 2 23 793 5 290 2 212 4 739 1 819 10 4 232 7 834 2 570 4 117 829 11 4 4 095 3 501 121 971 235 1 653 10 334 486 152 522 290 1 450 1 555 70 769 510 2 904 193 6 010 38 6 241 10 595 20 929 913 6 123 4 010 11 046 2 328 905 3 233 8 451 14 280 3 043 1 671 1 920 364 5 0 371 6 649 3 559 8 451 4 356 http Www sharedresearch jD 12 4 4 873 3 298 174 295 190 2 318 10 800 369 172 474 230 1 245 1 233 22 493 408 2 156 157 4 254 76 4 487 7 890 18 690 46 3 378 4 721 8 145 3 312 468 3 780 6 690 11 926 3 045 1 673 2 026 364 6 0 376 6 764 3 547 6 690 1 817 13 4
21. freebit mobile Sh ared hesearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 40 58 3843 SR Research Report 20157 9 11 2014 8 20 10 400 PandA
22. 1 3774 ISP 2015 4 6 5 ISP 100 829 10 2016 4 14 HH B2C B2C 100 DTI DTI 1 3834
23. 1 B2C 1 180 3 4 135 45 2 DTI 467 250Kbps ServersMan SIM LTE IP ServersMan 050 MVNO 2 000 freebit mobile 2 043 7 9 273
24. freebit mobile freebit mobile PandA
25. IP 7 1 3 BI 2 8 2 6 64 5 2015 4 2 1 2 10 521 EC 4 096 2 69
26. CCC CCC CCC 2015 3 12 3 000 000 30 000 1 979 2 937 26 2 911 CCC 2 500 000 25 000 CCC 500 000 5 000 Sh ared hesearch http Awww sharedresearch jp Copyright C Shared Research Inc
27. 2 4 CCC 1 2 3 257 1 2 3 39 16 SR B2B MVNE Mobile Virtual Network Enabler YourNet MVNO Pack MVNO Mobile Virtual Network Operator
28. B2C DTI 5 062 15 19 846 41 3 WiMAX SIM B2C 15 1 WIMAX 22 19 DTI 467 250Kbps ServersMan SIM LTE IP ServersMan 050 MVNO 2013 11 2 000 freebit mobile
29. CEO CCC 1SP SR
30. SEM SEO Search Engine Optimizatton SEM 3PAS 3 PAS Third Party Ad Serving 3 3PAS
31. 2014 3 4 1 10 1 1 http www patentresult co jp news 2014 12 emergingmarket02 htmI http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 3843 SR Research Report 2015 9 11 2015 4 4 DTI B2C
32. MVNE MVNo Sh aredd Mesearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 3843 SR Research Report 20157 9 11 1
33. 2015 2 TSUTAYA CCC freebit mobile CCC 499 CCC 519 CCC TSUTAYA TSUTAYA T
34. B 486 5 5 19 87 6 VDC sSh ared Pb T ch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved w 3843 SR Research Report 2015 9 11 16 4 14 4 15 4 16 4 6 Pc 5
35. YourNet ISP TSP ISP SR 300 http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 3843 SR Research Report 20157 9 11 700 Web 50 ISP ISP DTI 3830 ISP Hi Bit ISP 300 400
36. SiLK Experience MVNO Sh aredd Mesearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 3843 SR Research Report 2015 9 11 M2M SiLK VISION 2016 IT
37. IT 3 1 5 sSh ared lesearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved w 3843 SR Research Report 2015 9 11
38. 2016 4 B2C IH ISP ISP ISP ISP ISP
39. Aiming SBS KLab GCA DIC TOKAIT
40. 69 DTI 120 freebit mobile 413 227 127 119 EC DTI 110 16 398
41. Disaster Recovery 2014 4 Cloud CloudDisk 10 2016 2 810 CloudDisk Cloud Disk
42. 15 79 17 19 10 3 96 96 2012 2013 2014 2013 2014 2012 2013 2014 58 913 59 762 61 522 101 4 102 9 100 0 100 0 100 0 28 809 28 935 29 393 100 4 101 6 48 9 48 4 47 8 6 242 6 170 6 057 98 8 98 2 10 6 10 3 9 8 2 551 2 499 2 500 98 0 100 0 4 3 4 2 4 1 1 246 1 243 1 272 99 8 102 3 2 1 2 1 2 1 18 770 19 023 19 564 101 3 102 8 31 9 31 8 31 8 8 680 9 381 10 519 108 1 14 7 15 7 17 1 6 629 7 203 8 245 108 7 114 5 11 2 21 13 4 2 051 2 178 2274 106 2 104 4 3 5 3 6 37 21 424 21 446 21 610 100 1 100 8 36 4 35 9 35 1 2014 26
43. API Application Programming Interface OS RTB Real Time Bidding 1
44. 58 11 Web Web 100 100 M amp A 499 2015 3 CCC 49 CCC 519 9 shared hesearch http Wwww sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 3843 09 4 10 4 11 4 12 4 SR Research Report 2015 9 11
45. MVNE MVNO 2016 4 I I B2C MVNO MVNE 1SP YourNet MOBILE MVNO Mobile Virtual Network Operator NTT 1 9437 TISP MVNO SIM
46. B2B MVNO freebit mobile freebit mobile PandA
47. ISP Internet Service Provider ISDN ADSL FTTH ISP MVNO Mobile Virtual Network Operator MVNO
48. 13 4 7 615 2 896 2 290 15 496 157 8 196 4 398 2 696 7 473 3 9 446 13 296 150 62 396 1 872 20 660 1 696 13 153 7 507 8 696 36 396 6 571 31 896 936 12 696 4 596 45 500 481 48 896 2 896 44 789 186 SR Research Report 14 4 7 766 2 39 2 217 4 296 36 396 5 062 15 196 439 0 596 238 60 0 2 092 20 665 0 0 12 667 7 998 6 5 38 7 6 678 32 3 1 321 41 1 6 4 60 161 1 220 153 8 5 9 16 326 236 1 1 2015 9 11 15 4 8 883 14 496 2 036 8 2 33 6 1 4 53 10 496 8 071 8 596 150 3 196 2 241 21 469 996 13 909 7 560 5 596 35 296 6 316 29 496 1 245 5 896 5 896 56 318 982 19 596 4 696 613 77 1 026 335 1 4 896 09 4 10 4 11 4 12 4 13 4 14 4 15 4 p 1 2 294 1 303 1 091 1 972 1 689 1 690 2 207 2 18 1 067 1 053 248 832 235 524 FCF 1 2 1 576 236 38 1
49. 103 353 76 5 127 http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 3843 SR Research Report 2015 9 11 23 89 25 19 26 29 63 6 1 1 a ii
50. 2011 3 NTT MVNO YourNet MOBILE 4 aigo IPv6 aigoo 2013 11 freebit mobile 2015 3 freebit mobile ccc freebit mobile amp Sh ared hesearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved a sSh afedt Pb T ch lp http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 3843 SR Research Report 2015 9 11 2015 4
51. SiLK SiLK VISION 2010 DTI ISP ISiLK VISION 2013 Smart Infra M amp A MVNO 2 2013 3 SiLK VISION 2016 3 MCI Multi Layer Component Integration SiLK VISION 2013 3
52. ISP B2C B2C ServersManQVPS ServersManGDisk Sh aredd Mesearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 3843 SR Research Report 2015 9 11 2014 4 100 ISP MVNO 56 88 58 11 Web Web 100
53. MVNO 1 5 2 9 4 29 MVNO 42 3 17 5 2 99 MVNO docomo L2 20 ISP ISP
54. 3 984 1 6 232 20 6 Ad Technology amp Marketing Company B RTB AdMatrix EC 274 75
55. 2015 3 1 DTI 2015 2 18 CCC 100 49 2015 3 1 Tone mobile
56. AliKE SIM 2016 3 SiLK VISION Web
57. DNA ServersMan SIM LTE Weaknesses M amp A 2015 4 CCC 30 50 99 180 496
58. DTI 1 89 39 69 39 6 18 8 ServersMan050 VPS Sh aredd Mesearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 3843 e g
59. 2015 4 2 2015 4 2 2014 5 10 10 522 1 2 600 2 6 511 Sh aredd Mesearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 3843 SR Research Report 2015 9711 4 79 2014 5 1 DTI 2 718 1323 0
60. 94 32 freebit mobile 156 134 54 74 EC 24 DTI 35 1 freebit mobile B2B MVNO
61. 400 PandA 2 B2C 2 338 3 1 129 73 2 freebit mobile ServersMan SIM LTE MVNO freebit mobile 3 19 73 2
62. LTE BWA 2014 9 FTTH ADSL CATV 34 79 LTE BWA 65 39 MM LTE Advanced WiMAX AXGP BWA 5 2015 3 8 246 2015 1 2019 3 79 89 1 Oh WE kimisi me FT TH PE ge HH Fb 1S Oo Eh nn SG T T T T T 1 DE Y 3 a 1 TE FF n19 020 MM http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved
63. LTE Long Term Evolution 3 3G 4 4G 3 9G 3 9 4G Sh aredd Mesearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 3843 SR Research Report 20157 9 11 IPv6 IP IPv4 VPN Virtual Private Network
64. B2C 3 476 7 9 146 78 2 freebit mobile ServersMan SIM LTE MVNO freebit mobile 6 458 12 59 858 59 6 Sh aredd Mesearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 3843 SR Research Report 20157 9 11 YourNet MVNO Pack
65. 3 SW Strengths Weaknesses Sh aredd Mesearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 3843 SR Research Report 2015 9 11 09 4 10 4 11 4 12 4 13 4 14 4 15 4 16 4 10 767 14 709 23 180 21 004 20 660 20 665 21 469 27 000 33 4 36 6 57 6 9 4 1 6 0 0 3 9 25 8 4 517 5 253 8 442 6 915 7 507 7 998 7 560 56 4 16 3 60 7 18 1 8 6 6 5 OO 42 0 35 7 36 4 32 9 36 3 38 7 35 2 1 575 407 155 831 936 1 321 1 245 1 500 84 5 74 1 61 8 433 3 12 6 41 1 5 8 20 5 14 6 2 8 0 7 4 0 4 5 6 4 5 8 5 6 1 522 804 185 939 481 1 220 982 1 000 116 6 47 2 76 9 406 4 48 8 153 8 19 5 1 8 14 1 5 5 0 8
66. BtoC MVNO DTI ServersMan SIM LTE Sh ared GYcsea ch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 3843 SR Research Report 20157 9 11 freebit mobile freebit mobile DTI 2015 1 16 2015
67. 2016 4 14 2 036 8 2 120 16 VDC VDC 3 2 VPN 2016 4 8 071 8 5 584 7 0 pe
68. IMVNO 2002 6 MVNO L2 2 2 iP MVNO 3 2 ISO OSI Open Systems Interconnection 7 2 3 Xi NTT LTE
69. NW 2 MVNO Pack NW 2 BB MVNO Pack NW ISP 2 39 MVNO Pack 110 MVNO Pack MVNO Pack 1 7 ISP 20 906 82 197 10 1 014 11
70. Ad Technology amp Marketing Company B RTB AdMatrix EC EC 13 2 33 6 1 221
71. 850 407 freebit mobile 2 3 180 2 16 3 BI 2 69
72. IoT Internet of Things 2 3 2016 4 MVNE amp MVNO MVNO DTI ToT 0 CCC 0
73. 2 294 1 303 1 091 1 972 1 689 1 690 2 207 718 1 067 1 053 248 832 235 524 849 690 900 971 98 1 492 585 ROA 13 0 5 3 1 0 4 7 2 6 7 1 5 4 ROE 47 1 16 9 3 2 3 9 12 9 31 1 47 4 30 0 34 2 33 2 36 1 50 9 SR 2013 4 1 400 http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 3843 SR Research Report 2015 9711 2015 9 11 2016 4 1 2016 4 1
74. 99 3 124 79 121 79 478 79 45 7 40 09 37 99 119 7 Sh aredd Mesearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 3843 SR Research Report 20157 9 11 2 1 DTI freebit mobile 2 3
75. 64 5 1 013 freebit mobile ATELIER ATELIER TVCM 1 MVNO Pack SIM VDC Sh aredd Mesearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 3843 SR Research Report 20157 9 11 2Q 4 796 511 DTI 14 718
76. 803 87 0 52 142 MVNO freebit MVNO Pack SIM DTI SIM ServersMan SIM LTE http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 3843 SR Research Report 2015 9 11 2 748 33 9 190 56 2 cf NN AdMatrix
77. Web SIM Sh aredd Mesearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 3843 SR Research Report 20157 9 11 SEO 2016 4 2159 SEM Search Engine Marketing Web
78. SR Inc SR Inc Shared Researchn SR Inc SR Inc SR Inc SR Inc
79. SSP Suply Side Platform Web WEB Flash ICT Information and Communication Technology Shared Pb T ch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved w 3843 SR Research Report 2015 9 11 150 0044
80. 2000 2015 2 1967 1991 1995 DTTI 2000 2015 2 IR 2 3843 SR Research Report 20157 9 11 EN Intel Gordon Moore 1965 18 24
81. 69 DTI 120 freebit mobile 413 227 127 119 EC DTI 110 16 398 457 861 324
82. SR http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 3843 SR Research Report 2015 9711 SW Strengths Weaknesses Strengths SR 9
83. IaaS SaaS VPN 2016 4 IH B2C HH VDC Virtual Data Center Sh aredd Mesearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 3843 SR Research Report 20157 9 11 1 1 VDC 1 1 250 1 2 0 1
84. NE SR 2 451 4 6 409 24 8 DTI
85. iPhone 767 Android iPhone http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 3843 SR Research Report 2015 9711 1995 8 CFO ISP DTTI DTTI DTI 2000 5
86. 4 380 7 194 64 2 SI 666 514 22 896 4 974 398 92 0 1 875 1 733 10 767 14 709 23 180 21 004 33 4 36 6 57 6 9 4 6 249 9 456 14 738 14 088 4 517 5 253 8 442 6 915 56 496 16 396 60 796 18 196 42 096 35 796 36 496 32 9 2 942 4 846 8 287 6 085 27 396 32 996 35 796 29 0 1 575 407 155 831 84 5 74 1 61 896 433 396 14 696 2 8 0 7 4 0 9 510 467 420 62 113 438 312 1 522 804 185 939 116 696 47 296 76 996 406 496 14 196 5 596 0 8 4 596 34 257 51 50 8 42 1 005 407 1 674 1 022 947 204 164 896 38 996 15 596 6 9 1 0 SR 2010 4 2014 4
87. SR http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 3843 SR Research Report 2015 9 11 2 NW 5 370 210 DSP 5
88. 1 4 2013 Sh aredd Mesearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 3843 SR Research Report 2015 9 11 2015 4 2015 4 21 469 3 9 1
89. MVNO Pack U NEXT 2 217 4 2 74 39 VDC 29 4 I Sh aredd Mesearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved
90. 10 395 10 270 20 665 10 522 10 948 27 000 0 396 0 496 0 096 1 296 6 696 25 896 6 462 6 205 12 66 6 659 250 932 4 066 7 998 3 862 3 698 396 5 9 6 696 1 696 926 896 39 696 36 96 36 7 33 8 16 62 6 6 8 263 3 053 31 996 0 32 396 31 096 0 615 706 1 321 600 645 1 500 68 0 24 096 41 396 526 8 7 20 596 5 996 6 996 6 496 5 7 5 996 5 696 536 684 1 220 511 471 1 000 117 9 192 3 154 2 4 6 31 1 1 8 5 296 6 796 5 996 4 996 4 396 96 50 186 236 718 307 200 a 133796 65 596 860 596 SR 2016 4 27 000 25 8 1 500 20 5 1 000 1 8 200 80 5
91. 5 000 1 500 250 VDC VCPU OFF UTM Unified Threat Management
92. ISP ISP ISP s ISP 2001 12 1 6758 2002 12 2005 6 Emotion Link JSAT 1 9412 1 4733 2007 3 M amp A 8 DTI 2009 3 DTI 2010 8
93. 482 309 2014 4 1 320 254 NW 105 DTI 13s 5 i 265 lt 482 2015 4 1 244 SR http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 3843 SR Research Report 2015 9 11 93 3 83 09 72 8 171 09 CCC
94. Sh aredd Mesearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 3843 SR Research Report 20157 9 11 2013 7 MVNO YourNet MOBILE NTT L2 Xi LTE YourNet MVNO Pack YourNet MVNO Pack ISP U NEXT ISP YourNet MVNO Pack U mobile d 680 2013 11 freebit mobile 2 000
95. EBITDA EBITDA RO A R 0E CF CF SR 4 517 42 0 1 575 14 6 2 459 22 8 15 596 13 0 47 1 0 9 132 3 2 8 2 212 116 6 83 5 0 45 34 4 0 3 62 1 779 253 35 7 407 2 8 1 157 7 9 6 9 5 3 16 9 1 0 41 5 8 8 2 570 155 3 131 1 0 22 10 6 UN2 60 9 358 8 442 36 4 155 0 7 1 447 6 2 1 0 1 3 21 5 17 0 3 559 93 6 69 8 0 13 65 5 0 1 49 6 989 http Www sharedresearch jD 6 915 32 9 831 4 0 1 856 8 8 1 0 4 7 3 2 1 1 22 3 16 4 3 547 132 6 100 5 0 21 26 9 0 2 63 1 12 Copyright C Shared Research Inc All Rights Reserved 13 4 14 4 7 507 7 998 7 560 36 3 38 7 35 2 936 1 321 1 245 4 5 6 4 5 8 2 307 2 667 2 524 11 2 12 9 11 8 1 1 4 8 2 6 7 1 5 4
96. Full Speed 41 39 31 59 Sh aredd Mesearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 3843 SR Research Report 20157 9 11 3 freebit mobile 4 5 2014 4 21 0 2 900 41 99 1 318 7 766 2 3 811 13 6 ISP MVNO
97. MVNO freebit mobile CCC CCC 4 9 44 2 5 59 NW ServersMan050 VPS 2015 4
98. 10 Me 14 9596 11 1196 10 6 96 CCC 2 1396 1 9296 1 2396 1 0496 0 89 0 88 0 859 SR 1972 ISP DTI DTTI
99. Ad Technology amp Marketing Company B RTB AdMatrix 33 35 7 158 183 M2M PandA M2M PandAl
100. 4 685 3 159 263 136 224 2 595 10 536 424 334 598 221 1 577 1 047 133 445 54 1 679 298 3 670 108 4 076 7 333 17 869 80 3 489 4 175 7 744 2 730 1 153 3 883 6 219 11 627 3 045 1 673 1 691 488 18 3 299 6 242 3 215 6 219 1 534 SR Research Report 14 4 4 762 2 948 159 92 220 2 169 10 031 597 334 784 223 1 938 967 43 376 61 1 448 247 2 900 168 3 316 6 702 16 733 50 3 449 4 416 7 915 1 622 709 2 331 5 071 10 246 3 046 1 674 1 782 489 29 443 6 487 2 989 5 071 309 Copyright C Shared Research Inc All Rights Reserved 2015 9 11 6 983 3 200 225 120 248 2 270 12 597 589 334 687 179 1 790 1 479 336 357 50 2 222 334 2 242 139 2 715 6 727 19 324 60 2 119 4 804 6 983 1 078 608 1 686 3 197 8 669 4 514 3 142 2 671 489 3 13 799 10 654 3 261 3 197 3 786 3843 09 4 10 4 11 4 12 4 7 086 7 410 4 696 1 945 1 984 2 0 1 936 718 62 9 B2C 4 065 4 515 11 1
101. 59 9 MVNO 513 5 2 13 51 IP VDC Sh aredd KMesearch http www sharedresearch jpD Copyright C Shared Research Inc All Rights Reserved 3843 SR Research Report 20157 9 11
102. freebit mobile 3 500 60 45 1 510 Sh ared Mesearch http 7 www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 49 58 3843 SR Research Report 2015 9 11 50 150Kbps 200Kbps 250Kbps 300Kbps PandA Soft 2 0 Cloud freebit mobile 020 ATELIER 5 2014 4 16 S1M DTI DTI SIM ServersMan SIM LTE
103. 3843 SR Research Report 2015 9 11 7 439 0 5 566 31 5 EC 36 77 3 230 296 MCI M2M Cloud SD
104. CCC CCC CCC CCC CCC B2B MVNE B2C freebit mobile CCC TSUTAYA T T SITE CCC
105. SR 2016 4 5 SI 2016 4 2 10305 950 ET ae SR Sh aredd 1 ch http Www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 3843 SR Research Report 2015 9 11
106. 350 000 1 55 300 2015 9 14 2015 12 31 2015 7 9 2015 6 12 2015 4 3 amp Sh ared hesearch http Www sharedresearch jp Cop
107. 105 DTI 195 freebit mobile 516 277 201 143 EC DTI 120 72 444 68 59 74 49 55 8 68 8 53 9 68 5 132 99 71 0 4
108. 12 7 ServersMan SIM LTE freebit mobile 12 79 freebit mobile 3 19 freebit mobile DTI 4 59 57 10 19 ServersMan050 VPS
109. 3843 SR Research Report 2015 9 11 1 4234 2015 2 2014 26 2014 1 12 6 1 522 102 99 3 21 14 98 29 100 0 102 39 102 8 101 696 112 1 1 100 8 3
110. 3 6 E 13F 03 5459 0522 2000 5 1 2007 3 20 HP http www freebit com index html 4 IR IR http www freebit com irindex html IR IR Sh aredd KWeSGaT ch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 3843 SR Research Report 2015 9 11 SR
111. 6 2015 6 2016 4 5 3 B2C B2C ISP ISP 4 IN
112. TSUTAYA MUSICO TSUTAYA 2015 7 12 B2C 2013 4 WiMAX ServersMan SIM LTE 2013 8 ServersMan SIM LTE MVNO YourNet MVNO Pack 1 NTT FOMA 3G Xi LTE 150kbps 467 3 000 DTTI NTT
113. freebit mobile 1 248 freebit mobile CCC 400 23 117 23 000 1 804 1 500 freebit mobile 1 248 160ICCC
114. 100 lt SR CCC freebit mobile TSUTAYA CCC 2016 4 CCC 30 50 9 36 1 100 8 883 14 4 1 162 50 2 NW Fa YourNet MVNO Pack
115. 2 MVNE Web op WeD 2 6 2 A 1 SR http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 3843 SR Research Report 20157911 16 17 4 1574 17 17
116. SR Research Report 2015 9 11 3843 sr_inquiries sharedresearch jp 3843 SR Research Report 2015 9 11 1 7 3 4 5 5 6 uci 6 oo 9 3 12 Fn 14 DEEKKK KK KKNERUERRUNERRWCONEE EEEIUD 14 1 23 24 SW Strengths
117. 2 053 2 5 120 24 2 AdMatrix DSP Demand SidePlatform EC 11 14 3 49 39 M2M Plug in Cloud PandA 2014 4 2014 4 20 665 0 03 1 321 41 1 1 220 153 8 236 186
118. 230 Sh aredd Mesearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 3843 SR Research Report 2015 9 11 M2M MVNO TONE PandA B2C 4 537 10 4 205 75 8 ServersMan SIM LTE freebit mobile
119. 3 1 2015 3 1 Ad Technology amp Marketing Company 3
120. 3 9 12 9 1 1 1 2 1 2 61 0 111 1 131 0 6 0 33 2 8 35215 2 989 3 261 136 1 126 7 180 4 100 8 98 2 146 2 0 21 0 22 0 30 24 6 4 8 35 5 0 1 0 2 0 3 61 3 55 3 53 6 332 226 271 3843 SR Research Report 2015 9 11 MM 2014 11 2014 9 FTTH ADSL CATV LTE BWA 1 214 1 FTTH 2014 3 71 3 3 2 609 75 7 NTT FTTH
121. 4 205 10 0 586 71 3 Sh aredd Mesearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 3843 SR Research Report 20157 9 11 YourNet MVNO Pack MVNO Pack
122. CCC http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 3843 SR Research Report 2015 9711 2015 3 12 10 200 1 104 705 1 068 CCC 2015 1 27 SiLK VISION 2016 2015 4 1 freebit mobile
123. 2014 10 80 90 ATELIER 80 90 ATELIER 8 20 10 1 10 11 1 313 12 1 417 6 11 17 1 152 8
124. Weaknesses 26 1 N Dao LAL Issbnateseresstne tia tta 27 1 PS 27 5 555 5 45 oo 46 46 I TR 47 51 me mee 51 2 52 2 5 5 5 5 5 5 ms 52 1 2 oe 3 ooo 57 Sh aredd CCA ch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 3843 SR Research Report 2015 9711 Smart Infra
125. 245 5 8 982 19 5 DTI 4 freebit mobile 1 026 335 1 NW
126. 29 48 62 VDC VDC 11 29 CC 110 VDC 5 4 VDC a Sh ared hesearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 38 58 3843 SR Research Report 2015 9 11 VDC
127. 3 2015 4 3 15 764 2 5 837 7 9 728 12 9 2014 5 1 DTI 2 797 Sh aredd Mesearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 3843 SR Research Report 2015 9 11 376 2
128. 4 5 2 3 5 9 4 6 3 7 1 674 1 022 947 204 186 236 1 026 200 164 8 38 9 335 80 5 15 5 6 9 1 0 1 1 4 8 0 7 46 51 51 51 20 412 20 414 23 414 EPS 90 98 1 41 47 52 10 31 9 44 12 06 51 40 8 87 EPS 88 69 50 26 10 18 11 99 51 29 DPS 3 000 00 3 600 00 1 600 00 3000 00 7 00 7 00 7 00 7 00 BPS 241 78 375 49 316 23 321 66 303 96 309 15 436 56 2 920 4 946 4 095 4 873 4 685 4 762 6 983 7 331 8 788 10 334 10 800 10 536 10 031 12 597 452 805 1 450 1 245 1 577 1 938 1 790 1 760 2 051 2 904 2 156 1 679 1 448 2 222 4 850 4 376 6 241 4 487 4 076 3 316 2 715 14 395 16 022 20 929 18 690 17 869 16 733 19 324 67 162 913 46 80 50 60 2 813 2 639 6 123 3 378 3 489 3 449 2 119 6 289 5 657 11 046 8 145 7 744 7 915 6 983 1 926 1 478 2 328 3 312 2 730 1 622 1 078 2 815 2 530 3 233 3 780 3 883 2 331 1 686 9 104 8 187 14 280 11 926 11 627 10 246 8 669 5 290 7 834 6 649 6 764 6 242 6 487 10 654 4 739 4 117 8 451 6 690 6 219 5 071 3 197
129. 724 857 1 455 1 683 849 690 900 971 987 1 492 585 A 884 750 1 292 1 025 1 371 1 346 1 280 B 890 221 2 1 265 68 536 436 C 779 358 989 12 332 226 271 FCF NI A B C 889 1 193 915 976 749 1 272 1 599 SR Shared esearch lp http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 3843 SR Research Report 2015 9711 amp 2015 2 18
130. 46 600 837 1245 377 25 196 1 500 12 7 2 69 Z99 58 89 20 5 6 5 5 79 5 3 5 8 5 9 5 6 325 511 728 982 262 26 2 1 000 17 6 4 7 72 996 79 596 79 296 1 8 6 1 4 99 4 69 4 69 4 1 3 7 540 718 797 1 026 127 5 63 6 200 376 2 335 1 Z6 5 80 596 10 2 6 8 5 1 4 8 2 0 0 7 SR ESearch 2016 4 1 2016 4 1 6 421 21 4 377 8 9 262 19 4
131. All Rights Reserved a 3843 SR Research Report 2015 9 11 2015 3 2015 4 2018 4 MVNE 2015 5 2019 4 711 1 200 2015 5 2018 4 2015 2 18 2015 1 27 SiLK VISION 2016 2015 2 18
132. ed Network SEO Search Engine Optimization SEM Search Engine Marketing SEO
133. mming Interface ASDAQ 2461 PC B 30 Web SEO SEM 4751 GMO 1 9449 Sh aredd Mesearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 3843 SR Research Report 20157 9 11
134. ndA PandA B2C SIl 83 39 79 13 13 Sh aredd Mesearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 3843 SR Research Report 20157 9 11 2015 4 1 2015 4 1 2014 5 7 5 291 0 7 346 12 7 325 17 6 2014 5 1 DTI 540 64
135. yright C Shared Research Inc All Rights Reserved a Shared 1 3843 SR Research Report 2015 9 11 15 4 2Q 3Q 16 4 5 291 5231 5243 5 705 6 421 0 7 1 7 5 1 8 0 21 4 1960 1 902 1 806 1 892 1 953 0 5 4 0 70 39 Z99 049 37 1 36 49 34 4 33 2 30 4 1614 1 648 1 569 1 484 1 577 1 8 1 5 8896 9 6 2 39 30 5 31 5 29 9 26 0 24 6 346 254 237 408 377 12 7 7Z996 79 7 7 79 89 6 5 49 4 5 7 19 5 9 325 186 217 254 262 17 6 28 396 2ZZ96 _ 33 7 79 296 6 1 3 6 4 19 4 59 4 1 540 178 79 228 127 54 8 32 596 234 4 Z6 596 10 2 3 49 1 59 2 0 4 096 21 469 5291 10 522 15 764 6 421 23 8 27 000 07 1 2 2 5 3 9 21 4 25 8 1960 3 862 5 668 7560 1 953 0 5 1 8 4 7 559 0496 37 19 36 79 36 0 35 2 30 4 1614 3 263 4831 6316 1 577 1 8 1 6 4 1 5496 2 3 30 5 31 0 30 6 29 4 24 6 3
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