2014 º Ø 4 ) )¼ - shiseido · ó > u j u u u > o n n u > u j t p n > o n n u > z...
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![Page 1: 2014 º Ø 4 ) )¼ - Shiseido · ó > U J U U U > O N N u > U J T P N > O N N u > z O S T > z P L O u > u P L N u > | 8 e e ¾ ¥ ã Î d % r > w Ì x O S M Q > A > z > - 0 T > Ý](https://reader033.vdocuments.site/reader033/viewer/2022060500/5f1a92d5f9089f67e04d7458/html5/thumbnails/1.jpg)
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2014
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� ROE �
9.4 105.9 8.4 140.4 8.3 17.2
8.1
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2014/3 2015/3
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3Q 4Q
1 2 3
-15
-10
-5
0
5
10
4
1
11
+10
+6
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![Page 6: 2014 º Ø 4 ) )¼ - Shiseido · ó > U J U U U > O N N u > U J T P N > O N N u > z O S T > z P L O u > u P L N u > | 8 e e ¾ ¥ ã Î d % r > w Ì x O S M Q > A > z > - 0 T > Ý](https://reader033.vdocuments.site/reader033/viewer/2022060500/5f1a92d5f9089f67e04d7458/html5/thumbnails/6.jpg)
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2015/3 2014/12 US$120.5 €146.5 19.3 2014/3 2013/12 US$105.4 €145.0 17.4
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437
14/3 11/3 12/3 13/3 15/3
321
115
437
584
54
94
△ 500
△△ 400
△ 300
△ 200
△△ 100
0
100
200
300
400
500
15/3 14/3
1,219 1,289
1,069 1,559
150 270
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2015 2017
2018 2020
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�ROE � �
2.6 115 9 130 7 18 5
10 10 20
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3 VS 3 CAGR
ROE 9 10%
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�ROE � �
2.6 115 9 130 7 18 5
10 10 20
2015 2015 12 2014 2015 3 ( 9 12 )
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1 2 15/12 3 9 15/3
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