4428 M-シノプス 2019-02-14 15:00:00
2018年12月期 決算説明資料 [pdf]

2018      12


   2019      2


                      4428




   © 2019 Link Inc.
1.
2.
3. 2018   12
4. 2019   12
5.




               © 2019 Link Inc.   2
Chapter01




© 2019 Link Inc.
I                          T
                       0




                 1




    © 2019 Link Inc.           4
© 2019 Link Inc.   5
                                           ))                                     2.5
    6%                                                                                              1.8
                                                                                                    1.6
    5%
                                                                                                    1.4
    4%                                                                                              1.2
(




                                                                                                    1.0
    3%
                                                                                                    0.8
    2%                                                                                              0.6
                                                                                                    0.4
    1%
                                                                                                    0.2
    0%                                                                                              0.0
       8       9       0       1       2       3        4             5       6         7       8
    200    20
              0
                   20
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                           20
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                                   20
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                                           20
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                                                    20
                                                       1
                                                                20
                                                                   1
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                                                                                    20
                                                                                       1
                                                                                            20
                                                                                               1


                                                   © 2019 Link Inc.                                       6
          1

sinops        1        90


     1



                       1
                           0




 sinops       sinops

                            © 2019 Link Inc.   7
        1                                         (      )             14
5,000                                                                                                  6,000
4,500
                                                                                                       5,000
4,000
3,500
                                                                                                       4,000
3,000
2,500                                                                                                  3,000
2,000
                                                                                                       2,000
1,500
1,000
                                                                                                       1,000
 500
   0                                                                                                   0
           96      98      00      02      04      06       08            10      12      14      16
        19      19      20      20      20      20       20            20      20      20      20

                                                    © 2019 Link Inc.                                           8
     1.2%
      1.7%                                            10   30
             3.8%
                                              10.7%
                    6.2%
                           8.3%
             3.5%

30

                           © 2019 Link Inc.                     9
GMS




      © 2019 Link Inc.   10
                                                        sinops


                     3% 2%
            6%


      7%                      28%

10%
                 6    4,158


      14%                      15%



                        15%



                                     © 2019 Link Inc.            11
Chapter02




© 2019 Link Inc.
sinops

sinops




         © 2019 Link Inc.   13
    400

                                                       3%


                                                  5%        2%


                                             7%                    24%



    74                                  8%             57.7
                                                             400
          1000
                                        9%                  300
                                                                     18%


                                              11%            GMS
                                                             13%


0                1

                     © 2019 Link Inc.                                      14
%

            %       65%%                           5
             %


           3%
      6%
                          35%



    26%

                                                       6
           20%    10%


                 2018 9

                                © 2019 Link Inc.           15
sinops-R

sinops


                              90%
                              53.6%
                              9.4%
                              15.2%

           © 2019 Link Inc.           16
    2018   12                      68




                                         68
H




                                        4,890
D




                                        2.1

                © 2019 Link Inc.                17
4




    ü                            ü
    ü                            ü
    ü   15%                      ü

    ü




              © 2019 Link Inc.       18
        Chapter03

2018   12




        © 2019 Link Inc.
2018   12

                                            1.5                  25%
                                                                     (
            2017          2018                        %                  )

                   838            914                +9.1%     +76            51
                    390               325              16.6%    64             -
                    96                177             +83.0%    80             -
                    153               189             +23.5%    36             -
                    197               221             +12.2%    24             -


                   150            231               +53.9%     +80           +31
                          (       25.3%)


                   150            214               +42.9%     +64           +14
                          (       23.5%)


                   108            129               +19.7%     +21             1
                          (       14.2%)



                                 © 2019 Link Inc.                                  20
2018   12

                                                                  1.8

                                                                          (     )


            17   12         18   12                       1.7
                      1.8
                 96              177
                 22              24                                     7,394

                                                          4,408
            4,408           7,394


                                                          2017          2018
                                       © 2019 Link Inc.                             21
2018   12

                    1.5



                      1.5
                                         4,890
            3,028     3,316


             2016         2017            2018


                      © 2019 Link Inc.           22
2018   12




                   1,000

        411         800

                    600

                    400

       42%    45    200

                      0
                                        2016   2017   2018




                           © 2019 Link Inc.                  23
2018   12




 2018

                                           38


            38                      65

                                           27

                                    2017   2018


                 © 2019 Link Inc.                 24
2018   12




                17 12         18 12
                 (    )        (    )                 (%)    (         )

                  838           914                  +9.1        +76
       B          184           196                  +7.0%       +12
                  117           117                  +0.2%       +0
  I               301           313                  +4.3%       +13

  B         E             E
                                            E

                                  © 2019 Link Inc.                         25
2018   12          P21   P25

                                                       80
300
                               250            76   1
               1
250

200

150

100

 50

  0

        ’17+        3           80                          ’18+
                           © 2019 Link Inc.                        26
2018    12




(   )        17/12        18/12                             (         )   17/12         18/12
                 456        1,077      +620                      CF               92            147
                 210          810      +599                                       147           215
                 187          225      +37                                        21            25
                     57           41     16                                       76            93
                 145          169      +23                       CF               54            52
                     20           13      6                                       10             1
                     42           72   +30                                        34            47
                     83           84    +0                                         9             3
                 602        1,246      +644                      CF               17            504
                 282          266        16                                       210           810
                 319          980      +660

                                              © 2019 Link Inc.                                        27
        Chapter04

2019   12




        © 2019 Link Inc.
2019   12

            30                                       3
                                                                       (
                 2018            2019                     )%

                        914              1,200            +31.2%       +285
                          325                       560     +72.3%         +235
                          177                       153        13.5%         23
                          189                       218     +15.3%         +29
                          221                       266     +20.3%         +45

                        231                  300          +53.8%       +69
                   (    25.3%)      (        25.1%)

                        214                  300          +42.7%       +85
                   (    23.5%)      (        25.1%)

                        129                  199          +19.1%       +69
                   (    14.2%)      (        16.6%)



                                 © 2019 Link Inc.                                 29
2019   12

                                                          70
600             8


500

400

300

200                                               /   2
              2 16   35   41
100           +      0     0
                1
  0

        ’18                         70                         ’19
                               © 2019 Link Inc.                      30
                                                25


300                                                          30%
                                        25.3%        25.1%
250                                                          25%

200                   17.9%                                  20%
             14.9%
150                                                   300    15%
                                        231
100                                                          10%
      4.2%              150
50           110                                             5%
       22
 0                                                           0%
      2015    2016      2017             2018        2019



                     © 2019 Link Inc.                              31
Chapter05




© 2019 Link Inc.
2                      3




    © 2019 Link Inc.       33
                                                  40
                          %
                        400

0%     20%        40%   60%   80%         100%

            53%
      34%
     30%
   19%
 10%
 9%
  7%
  5%
 0%
 0%


                               © 2019 Link Inc.        34
© 2019 Link Inc.   35
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