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VOYAGE GROUP｜3688

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1. ON Shared Research inc 3 31 12 http www sharedresearch jDp TEL 03 5834 8787 Emai info sharedresearch jp www sharedresearch jD Shared i esearche SR Inc 74 74
2. M amp A www sharedresearch jD Shared eseatche 69 74 R Shared Research Report VOYAGE GROUP gt LAST UPDATE 2015 10 08 2015 4 6 adingo 100 Google
3. M amp A 3 M amp A 2015 4 15 25 40 1
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179. ES 2011 8 adingo amp 2012 10
180. FY09 12 FY09 13 FY09 14 FY09 15 ma 800 20 15 10 5 0 200 33 5 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 01 02 03 04 01 02 03 04 FY09 12 FY09 13 FY09 14 FY09 15 SR 2 SSP Kauli 2 4 465 16 5 9 11 2 32 4 17 9 SSP Kauli SSP Fluct
181. LAST UPDATE 2015 10 08 VOYAGE GROUP 3688 Research Report by Shared Research Inc sr_in quiries sharedresearch jp R Shared Research Report VOYAGE GROUP 3688 LAST UPDATE 2015 10 08
182. O9 FYO9 FYO9 FYO9 FY09 700 701 702 03 04 05 05 06 07 08 09 10 11 12 13 14 15 mm SR S5SP 1999 SM IO 2014 9 41 SSP 33
183. P 3688 R Shared Research Report VOYAGE GROUP gt LAST UPDATE 2015 10 08 2015 9 FY09 12 FY09 13 FY09 14 FY09 15 FY09 15 01 28 10 30 8 139 9 858 15 046 18 000 17 600 YoY 2 7 21 1 52 6 19 6 17 0 2 536 1 881 2 300 2 200 YoY 99 6 24 423 2 250 6 22 3 17 0 0 0 5 4 12 5 12 8 12 5 4 529 1 891 2 300 2 200 YoY 13 093 5 257 3 21 7 16 4 0 0 5 4 12 6 12 8 12 5 152 310 1 114 1 350 1 300 YoY 259 8 16 7 1 9 3 1 7 4 7 5 7 4 FY09 12 FY09 13 FY09 15 FY09 15 01 28 10 30 8 139 9 858 15 046 18 000 17 600 4 356 9 99 i597 8 000 3579 4 066 7 393 9 800 9 1 018 1 177 1 200 YoY 2 7 21 1 52 6 82 6 17 0 26 2 38 2 5 3 13 6 81 8 32 6 11 0 15 5 2 0 2 536 1 881 2 300 2 200 242 413 938 860 970 223 275 987 1 470 1 280 462 52 45 30 50 0 0 5 4 12 5 12 8 12 5
184. Side Platfoem Ad Exchange SSP Fluct PC Fluct Ne1 PC PC
185. earch jp Shared ese atche 43 74 VOYAGE GROUP 3688 R Shared Research Report VOYAGE GROUP gt LAST UPDATE 2015 10 08 100 Zucks 2 1 Zucks Ad Network 2 Zucks Affiliate Zucks Ad Network Zucks Ad Network CPC Cost per Click 2014 9 1 nend 12 708 2 0
186. ge 1 2 Kauli 2015 4 Kauli 1009 1 481 2015 9 Kauli 1 SSP Ng91 2 N91 SR SSP a DSP b c
187. hared eSeafch 37 74 R Shared Research Report VOYAGE GROUP 3688 VOYAGE GROUP LAST UPDATE 2015 10 08 SSP 50 70 67 a 60 40 50 30 40 6 30 12 3 20 10 7 3 0 2013 2014 2015 2016 2017 2018 PC mmsmm YOY SR 2015 8 26 SSP
188. knesses Strengths SR 2007 20 10 SSP 2011
189. sw FY09 12 FY09 13 FY09 14 FY09 15 SR Www sharedresearch jp Shared eSeafCh 72 74 R Shared Research Report VOYAGE GROUP gt VOYAGE GROUP VOYAGE GROUP Inc 03 5459 1166 1999 10 8 HP http voyagegrouD COm IR https contact voyagegrouD COm ir IR Ir VOyagegrOuD Info www sharedresearch jD Shared LAST UPDATE 2015 10 08 8 16 8 2014 7 2 2015 9 8 1 9 IR https VOoyagegrOuD COm ir IR 03 5459 4226 esearch 73774 R Shared Research Report

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