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1. 60 2013 12 2013 12 85 43 SR ARPPU Average Revenue Per Paying User 1
2. 2009 2 DeNA 1 2432 GREE 1 3632 mixi Sh ared Gcsearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved KLab 3656 Shared Research Report 2014 5 15 2121
3. Free Premium SR Weaknesses
4. SR Inc SR Inc Shared Researcn SR Inc
5. 1 Shared a esearch lp http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 22 48 KLab 3656 Shared Research Report 2014 5 15 2013 12 SR 1 20
6. KLab Global Pte Ltd KLab Cyscorpions Inc 1 KLab America Inc IP KLab China Inc KLab Ventures Pikkle a a Shared Gxcscarch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved _ KLab 3656 Shared Research Report 2014 5 15_ SW Strengths Weakness
7. sh ared hesearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved KLab 3656 Shared Research Report 2014 5 15 2013 8 free to play Kabam 2013 11 Qihoo360Technology Co Ltd 2 63 2014 2 Shanda Games Limited F
8. 30 App Store Google Play 24 1 20 6 1 1 3 2 3 309
9. 3793 1 3662 App Annie iOS GooglePlay 2013 amp iOS 10 2013 12 LINE sh ared WeseaTch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved KLab 3656 Shared Research Report 2014 5 15 MEER 2013 9 30 EE ON Google Play ON Google Play 10S Google Play 1 amp amp amp amp amp amp
10. SNS Sh aredd esearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved KLab 3656 Shared Research Report 2014 5 15 Freemium Free Premium 2 F2P Free to Play RPG Role Playing Game Shared esearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved Sh afedi KLab 3656 KLab
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12. L 2012 eMarketer 2011 18 2013 49 2014 70
13. SW Strengths Weaknesses sh ared hesearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved KLab 3656 Shared Research Report 2014 5 15 09 8 10 8 11 8 12 8 13 12 2 365 2 953 5 665 15 210 20 993 6 7 24 9 91 8 168 5 1 194 1 168 2 279 5 830 4 835 2 2 95 2 155 8 50 5 39 5 40 2 38 3 79 151 962 2 811 1 224 91 5 538 7 192 3 3 3 5 1 17 0 18 5 54 131 951 2 820 942 94 5 144 9 624 0 196 4 2 3 4 4 16 8 18 5 94 210 550 1 623 2 564 123 2 162 4 195 0 4 0 7 1 9 7 10 7 16 16 4 681 26 050 33 059 EPS 4 9 24 64 94 EPS 59 DPS 0 0 0 0 0 BPS 23 32 56 119 124 741 425 721 1 862 4 518 1 183 1 1
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18. 2013 12 2013 12 S1 11 S1 600 575 3 Shared esearch lp http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved KLab 3656 Shared Research Report 2014 5 15 2012 8 2013 12 Q3 2 917 3 899 4 100 3 642 3 437 4 852 3 709 4 599 7 411 3 581 4 060 3 983 3 584 3 546 3 573 3 772 4 598 5 475 22 8 4 1 2 9 1 6 3 2 26 4 1 7 0 0 26 1 710 1 000 900 137 162 156 461 259 173 1 000 1 105 625 79 212 668 198 152 297 40 8 10 5 30 6 42 3 41 3 710 1 000 900 140 158 154 46 7 261 275 999 1 1
19. App Store Google Play 2013 12 2 1 2012 9 12 16 5 2013 9 12 60 SR App Annie App Shared esearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved KLab 3656
20. 2010 8 Shared gt 09 8 10 8 11 8 12 8 7 3 6 5 6 3 10 3 11 6 49 7 56 4 58 2 35 6 31 6 7 8 12 5 24 7 33 2 28 1 46 6 29 2 14 8 11 0 13 0 3 1 27 3 43 4 24 6 18 6 SR 1 2
21. DIC TOKAI
22. 2012 amp SNS App Store Google Play Es sh ared hesearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved KLab 3656 Shared Research Report 2014 5 15 ARPPU Average Revenue Per Paying User 1 iOS Apple iPhone iPod touch iPad TP Intellectual Property App Store iPhone iPod touch iPad a Android Google SNS Web mixi GREE Moba
23. 3DCG MMORPG Massively Multiplayer Online Role Playing Game RPG 2007 Facebook Facebook Platform Zynga FarmVille 8 300 Facebook 2007 GREE SNS
24. SI amp SUS SAP 2009 11 SAP DSAS Hosting for Social Sh ared Gear http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved KLab 3656 Shared Research Report 2014 5 15 09 8 10 8 11 8 12 8 13 12 2 365 2 953 5 665 15 210 20 993 6 7 24 9 91 8 168 5 1 1
25. Mobage TALES OF KIZNA
26. App Store App Store 2 3 9 40 2013 12 2013 12 114 57 SR ARPPU SR 5 000 10 000
27. SI 1 062 15 0 541 4 8 Sh ared Gear http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved a KLab 3656 Shared Research Report 2014 5 15 amp 377 55 49 12 96 7 P Pointer
28. 100 2013 12 4 e 2013 7 SI 2013 12 sh ared hesearch http www sharedresea
29. 160 5 9 12 4 6 8 Rise to the Throne Lord of the Dragons 4 5 ETERNAL UPRISING End of Days 5 5 504 3 4 128 4 4 598 296 5 9 12
30. 2013 8 iOS 2013 8 iOS Android Android iOS Apple Android Google iOS Unity IOS Android SR 2013 12
31. DSAS Hosting for Social 2011 8 5 664 91 8 961 538 7 951 624 0 549 162 4 3 566 340 4 1 380 91 S1 1 249 10 69 517 30 5 amp 844 14 1 381 12 8 GP 7
32. 2009 2012 KLab 2009 mixi 2010 DeNA mobage GREE 2011 mobage 2011 mixi 2011 8 2012 8 3
33. i S1 B2B B2C Mobage GREE mixi B2C 2009 12 Facebook Zynga mixi 2009 3 2009 12
34. 70 139 9 000 2016 442 Berg Insight 2012 84 8 400 17 2017 186 1 8 600 Sh sfed esearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved KLab 3656 Shared Research Report 2014 5 15 2012 2013 139 9 000 2016 442 2012 3 84 2017 186 Berg Insight 2013 2 Canalys 2013 1 3
35. SR 10 000 20 000 SR ARPU 20 2013 12 4 1 4 000 900 2013 11 Sh sfed esearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved KLab 3656 Shared Research Report 2014 5 15 App Store 29 Google Play 30 2013 12 2013 12 4e ke Google Play 4 0 7 0 8 0 24 7 30 4 App Store 12 0 20 0 31 0 31 1 29 3 SR 2013 12 16
36. 1 IDC 1 1 IDC http www sharedresearch jp esearch Copyright C Shared Research Inc All Rights Reserved KLab 3656 Shared Research Report 2014 5 15_ 2000 1 8 2004 11 KLab USEN 2007 2 SBI 2011 9 2012 8 12 SBI
37. 1 amp 2012 S 2010 2011 2012 2 953 5 665 15 210 20 993 60 5 59 8 61 7 77 0 39 5 40 2 38 3 23 0 34 4 23 3 19 8 28 9 5 1 17 0 18 5 9 240 9 608 25 822 163 060 29 4 32 1 36 4 32 6 70 6 67 9 63 6 67 4 50 6 55 7 27 6 11 5 20 0 12 2 36 0 55 9 1 515 2 283 5 072 16 767 30 0 44 8 49 2 70 0 55 2 50 8 45 0 25 7 14 9 25 1 29 6 34 3 R 12 9 2012 2013 9
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40. 09 8 10 8 11 8 12 8 13 12 1 331 86 471 2 260 1 316 2 2 159 85 1 087 2 507 FCF 1 2 329 245 386 1 173 3 823 105 72 90 32 6 363 A 15 35 53 118 687 B 4 9 9 1 22 2 199 C 173 283 621 249 171 FCF NI A B C 6 7 47 109 1 470 3 905 SR 2012 8 2 813 2012 8 118 2012 8 249 2012 8 416
41. 342 261 esearch lp http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved 39 48 Shared KLab 3656 Shared Research Report 2014 5 15 2011 9 10 3 2012 8 547 589
42. 46 2013 12 4 1 1 400 SR Mobage 209 GREE 89 mixi 6 2013 12 2012 8 70 Mobage 2013 12 209 2 500 2014 2 3 Shared esearch lp http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved KLab 3656 Shared Research Report 2014 5 15 2012 8 2013 12 2Q mixi 11 0 12 0 10 0 8 0 11 0 9 0 6 7 5 8 GREE 7 0 9 0 9 0 11 0 12 0 15 0 8 2 8 3 Mobage 68 0 60 0 59 0 52 0 40 0 31 0 23 4 20 2 14 0 19 0 13 0 11 0 10 0 6 0 5 9 6 0 SR 2013 12 16 Mobage
43. Shared esearch lp http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved KLab 3656 Shared Research Report 2014 5 15 2013 12 2011 8 2012 8 2013 12 4Q 6 re cle 283 487 646 741 796 774 0 111 128 205 208 237 283 598 774 946 1 004 1 011 SR 2013 12 16 3 1 2 KLab Cyscorpions 2013 4 237 111 2013 12 2013 12 2013 12
44. for iPhone 2 App Store for Android GooglePlay 2012 1 SNS foriPhone App Store iOS 1 App Store 1 2012 8 App Store 10 2012 7 Android 300 2012 5 foriPhone TALES OF KIZUNA
45. Sh ared Gear http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved a KLab 3656 Shared Research Report 2014 5 15 2010 8 2 953 24 9 150 91 5 131 144 9 209 123 2 809 185 3 S 1 396 7 1 amp 740 20 3 SNS 2 2 2 3 6 2010 8
46. 2013 12 16 2013 12 2012 8 2013 12 819 80 24 23 18 24 55 52 2009 8 47 19 6 2013 12 28 99 http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved KLab 3656 Shared Research Report 2014 5 15 09 8 10 8 11 8 12 8 13 12 73 83 102 125 287 306 347 528 1 803 27 22 18 27 63 158 3 3 2 10 306 78 195 221 200 155 172 290 1 175 1 831 56 55 44 78
47. 22 Apple App Store 74 2012 5 18 7 ARPPU 1
48. RPG GREE GREE iOS Android RPG GREE iOS entag mobage GREE mixi entag mobage GREE mixi entag SR Sh ared esearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved KLab 3656 Shared Research Report 2014 5 15 IP TALES OF KIZNA DSAS Ho
49. 2014 12 1 30 lt 40 600 2013 8 765 230 246 2014 3 2 4 6 2013 12 1 352 2014 12 86 78 2014 8 38 2013 12 ARPU 2014 2
50. 03 5771 1100 2000 8 1 HP http www klab com jp esearch IR TIR http www sharedresearch jp Shared Research Report 106 6122 6 10 1 1 2011 9 27 12 IR http www klab com jp ir index html IR Copyright C Shared Research Inc All Rights Reserved 2014 5 15 sSh afedi esearch KLab 3656 Shared Research Report 2014 5 15 SR
51. 60 Google Play 30 4 4 24 79 5 4 600 Qihoo 360 3 590 S 330 168 2013 12 4 511 D E 0 72 2 1 42 Qihoo 360 2 63 sh ared hesearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved KLab 3656 Shared Research Report 2014 5 15 2013 11 13 5
52. 2013 12 2014 12 2014 12 13 5 2013 4 5 10 2014 2 Lord of the Dragon Age of Empires
53. http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved KLab 3656 Shared Research Report 2014 5 15 2013 12 60 40 20 0 ARPPU SR 1 2 5 1 SR 10 15 2 4 1 4 1 lt 3 3 8 SR ARPU ARPU DAU Dally ActiVe User
54. 2013 9 App Store Google Play 2013 11 Qihoo360Technology Co Ltd OQihoo 360 Mobile Assistant 360 Mobile Assistant Qihoo Qihoo 918 500 2 63 2 56 MOG
55. 33 9 35 6 32 8 29 4 28 9 212 881 1 079 927 1 224 96 154 727 851 725 942 106 160 598 771 720 2 564 51 SR 2013 12 16 2014 5 13 2013 12 3 2014 12 Shared esearch lp http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved KLab 3656 Shared Research Report 2014 5 15_ 2014 12 1
56. 10096 609 6 409 6 2013 12 2013 12 5 9 12 5 475 296 217 1 844 2013 12 20 993 1 223 941 2 563 2013 12 16 2014 12 SR 3
57. 2013 2013 12 S1 11 SI 2013 8 free to play Kabam 2013 11 Qihoo360Technology Co Ltd sh ared hesearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved KLab 3656 Shared Research Report 2014 5 15 2013 6 10
58. 8 12 Qihoo 3 79 500 241 600 918 500 2013 12 30 373 600 8 562 9 11 3 9 750 10 850 11 1 100 2013 12 16 9 340 10 340
59. 2013 12 OS 2013 12 3 Unity iOS Android Unity Unity3D Unity 3D Unity esearch http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved KLab 3656 Shared Research Report 2014 5 15 Unity iOS Android
60. Sh ared Gear http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved KLab 3656 Shared Research Report 2014 5 15 JOGA 2013 JOGA 2012 7 056 2011 4 200 PC 1 420 19 4 351 56 1 285 2011 4 200 2012 689 5 656 8
61. 2012 8 15 209 168 5 2 810 192 3 2 819 196 4 1 622 195 0 13 769 286 1 5 280 282 4 2012 8 16 3 non rP Golfking 4 3 TALES OF KIZUNA BASARA 100 10096 Mobage GREE mixi
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63. 209 297 254 698 2 224 1 115 1 017 1 317 3 019 6 058 SR 2013 12 16 2013 12 2012 8 2013 12 59 MOG Mobile Online Game IP 2013 8 free to play Kabam Kabam Apple Store Google Play Facebook Kabam com Eternal Uprising Kabam Kabam
64. KIZNA gloops LINE 9 HNE WIND rumer PRIDE LINE King 10 HNEPLAY Supercell LINE Supercell App Annie SR http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved KLab 3656 Shared Research Report 2014 5 15_ MOG 2012
65. 2014 12 1 4 050 90 86 86 2014 12 1 2014 12 1 350 509 2013 3 22 7 2013 8 10 2013 12 78
66. 12 96 140016 9980 MSIP CLIENT SECURITIES 3 23 2 78 SBI 2 60 2 46 2 24 2 10 613 1 69 35 74 SR 1964 1986 1987
67. 4 66 20 46 2013 2 8 Shared Gxcscarch lp http www sharedresearch jp Copyright C Shared Research Inc All Rights Reserved KLab 3656 Shared Research Report 2014 5 15 2013 12 RISE TO THE THRONE iOS LORD OF THE DRAGON RPG iOS Android NPB 3D iOS Android ETENAL UPRISING RPG iOS Android RPG iOS Flyshot Golf 3D iOS amp iOS Android
68. Crystal Casters Age of Empires 2014 12 iOS Android 1 5 6 2014 12 8 2 3 8 1 5 2 3 1 2014 12 sh ared hesearch http www sharedresearch jp
69. Mobage PC Yahoo Mobage 2 PC PC SI 2011 5 Android Artist Box amp DSASHosting For Social
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92. es Strengths SR Sj DSAS Hosting for Social 2009 11
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