() 2016 : 06889
2 4 5 6 8 10 12 P 10 16 32 34 40 P 34 52 P 40 62 DYNAM JAPAN HOLDINGS Co., Ltd.* 68 http://www.dyjh.co.jp 70 71 72 74 75 77 P 70 * 155
DYNAM DYNAM DYNAM DYNAM 02 2016
1 DYNAM 2 DYNAM 3 DYNAM 4 DYNAM 5 DYNAM 03
04 2016
2-25-1-702 116-0013 95 32 A1 www.dyjh.co.jp info@dyjh.co.jp 06889 FCIS FCS 183 17 1712 1716 (Soga Law Office) PricewaterhouseCoopers Aarata Mizuho Bank Ltd. Sumitomo Mitsui Banking Corporation 2016 05
7 Dynam Yume Corporation Japan Real Estate Cabin Plaza Dynam Business Support Shinrainomori Kanto Daido Genghis Khan P Insurance HUMAP Japan Rich-O Korea Erin International Business Partners Yume Corporation 14846 06 2016
7Dynam 442 0.5 4 5 20 1,000 2016 07
Sawa Shoji Co., Ltd.50 10 50 Sawa Shoji Co., Ltd. Dynam Dynam Dynam Dynam Dynam Union 08 2016
100 300 400 442 Dynam Japan Holdings DYNAM 39 Yume Corporation Dynam Japan Holdings 50 2016 09
844,885 58,148 826,072 53,261 922,172 929,158 908,309 (688,974) (47,417) (671,516) (43,296) (756,418) (765,197) (743,231) 155,911 10,730 154,556 9,965 165,754 163,961 165,078 (138,326) (9,520) (134,659) (8,682) (135,940) (133,904) (138,785) (5,798) (399) (5,456) (352) (4,086) (3,112) 1,754 8,184 563 6,850 442 7,139 9,250 6,572 (1,805) (124) (1,947) (126) (1,132) (1,906) (874) 18,166 1,250 19,344 1,247 31,735 34,289 30,237 311 21 2,151 139 3,660 (1,074) (74) (1,977) (127) (781) (853) (1,833) 17,403 1,198 19,518 1,258 34,614 33,436 28,404 (6,864) (472) (8,259) (532) (13,377) (12,511) (12,506) 10,539 725 11,259 726 21,237 20,925 15,898 10,544 726 11,303 729 21,255 20,925 15,898 (5) (Δ) (44) (3) (18) 10,539 725 11,259 726 21,237 20,925 15,898 13.9 1 15.2 1 28.6 29.7 25.2 EBITDA (*) 30,494 2,099 30,637 1,975 42,702 42,312 41,520 * EBITDA Δ 0.5 10 2016
145,944 10,044 132,213 8,524 135,223 117,756 119,590 43,240 2,976 48,723 3,141 50,946 50,568 36,871 30,838 2,122 31,380 2,023 34,910 31,873 33,384 12,402 854 17,343 1,118 16,036 18,695 3,487 158,346 10,898 149,556 9,643 151,259 136,451 123,077 25,727 1,771 14,503 935 9,249 11,357 29,603 132,619 9,127 135,053 8,707 142,010 125,094 93,474 1. 14.53 1.00 2. 15.51 1.00 2016 11
12 2016
Yume Corporation39 1,355 93 0.9% 155,911 10,730 2016 13
3,500 15% Yume Corporation 14Yume Corporation 39 444 200,000 14 2016
* 50 50 * 2016 15
Kohei SATO 61 (Tennessee Technological University) Dynam Dynam Dynam Dynam Dynam21 Takeda Riken Industry Co., Ltd. Advantest Corporation NYSE: ATEEastman Kodak Co. NYSE: EKKodak Co., Ltd. 16 2016
Yoji SATO 70 46 442 Dynam Holdings Co., Ltd* Dynam Holdings Dynam Holdings Dynam Holdings * 2016 17
Haruhiko MORI 63 Dynam DYNAM Shinrainomori Dynam Dynam Dynam Dynam 18 2016
Noriaki USHIJIMA 66 30 Jasdaq Securities Exchange, Inc. Jasdaq Securities Exchange, Inc. Jasdaq Securities Exchange, Inc. Noriaki USHIJIMA Office Dynam Holdings 2016 19
3.13 Ichiro TAKANO 60 TAKANO Law Offices Hikari Tsushin Inc. TSE: 9435 29 Dynam Holdings Dynam Holdings Dynam Holdings Dynam Holdings Dynam Holdings (i)(soga Law Office) Dynam Holdings (ii) 3.13(7) 20 2016
Mitsutoshi KATO 58 20 The Bank of Tokyo Ltd. The Bank of Tokyo Mitsubishi UFJ Ltd. Kincheng-Tokyo Finance Company Limited Banque Indosuez Credit Agricole Corporate and Investment Bank Credit Agricole Indosuez Credit Agricole CIB Eco-Material Corporation 2016 21
Thomas Chun Kee YIP 55 30 Touche Ross & Co. Hong Kong Price Waterhouse Sydney 3.10(2) 22 2016
Eisho KUNITOMO 65 Akebono Brake Industry Co., Ltd.Akebono TSE:7238 Akebono Akebono Akebono 60 Akebono Akebono Marubeni Corporation TSE:8002 29 Marubeni America Corporation 2016 23
Kei MURAYAMA 61 Lawson, Inc.LawsonLawson Japan, Inc. TSE: 2651 Lawson Lawson SWANY Corporation 24 2016
2016 25
61 Kohei SATO 16 63 Haruhiko MORI 18 26 2016
59 Makoto SAKAMOTO Dynam Daiei Inc. TSE: 8263 Big Boy Japan Co., Ltd.Central Services System Co., Ltd Japan Sportsvision Co., Ltd Dynam Dynam 2016 27
Yoshiyuki MIZUTANI 59 Dynam 34 Daiei Inc. Daiei Inc. Aiful Corporation TSE: 8515 Life Card Co., Ltd. 28 2016
Hisao KATSUTA 64 28 Tomakomai Paper Mill Daiwa Securities Co., Ltd. 26 Daiwa Institute of Research Daiwa Corporate Investment Asia Limited 2016 29
Shizuo OKAYASU 59 DynamDynam Dynam Dynam Dynam Holdings 24 30 2016
442 393 375 362 350 355 331 176 176 176 174 173 172 185 DYNAM 442 Yume Corporation 39 Yume Corporation 39 155 174 179 188 202 221 257 2010.3 2011.3 2012.3 2013.3 2014.3 2015.3 2016.3 DYNAM 11 Yume Corporation 2 Cabin Plaza DYNAM DYNAM 28Yume Corporation 7Cabin Plaza Co., Ltd. 14 5 9 4 Yume Corporation 39 442 185 257 58% 32 2016
69.6 54.1 % % 44.8 23.6 % % 69.6% 44.8% 100% 17,780 * 310,000 ** 1.5 17,780 * ** 2016 33
15420 34 2016
480 480 20 20 20 Yume Corporation Yume Corporation Yume Corporation Yume CorporationYume Corporation Yume Corporation3,500 (Yumeya) 39 Yume Corporation Yume Corporation 39 2016 35
ICT 16 20 30 24.1 % ICT ICT 36 2016
LED Yugiki Recycle Kyokai* LED * 2016 37
550 DYNAM DYNAM 38 2016
(Jinsei Daigaku) Dynam Nadeshiko Project 25% 2016 39
(1) (2) 539,205 37,110 554,341 35,741 2.7% 305,680 21,038 271,732 17,520 +12.5% 844,885 58,148 826,072 53,261 +2.3% 455,107 31,322 463,614 29,891 1.8% 233,866 16,095 207,903 13,404 +12.5% 688,974 47,417 671,516 43,296 +2.6% 84,097 5,788 90,727 5,850 7.3% 71,814 4,942 63,829 4,115 +12.5% 155,911 10,730 154,556 9,965 +0.9% (1) 14.53 1.00 (2) 15.51 1.00 826,072 53,261 18,813 1,295 2.3% 844,885 58,148 40 2016
39 Yume Corporation 442 49 554,341 35,741 15,136 1,042 2.7%539,205 37,110 271,732 17,520 33,948 2,336 12.5%305,680 21,038 Yume Corporation36 671,516 43,296 17,458 1,202 2.6% 688,974 47,417 463,614 29,891 8,507 585 1.8%455,107 31,322 207,903 13,404 25,963 1,787 12.5%233,866 16,095 36 154,556 9,965 155,911 10,730 2016 41
90,727 5,850 6,630 456 7.3%84,097 5,788 16.4%0.8 15.6% 63,829 4,115 7,985 550 12.5%71,814 4,942 23.5% % % % % % % 24,679 35.3% 22,693 33.2% 47,372 34.2% 24,746 34.6% 20,344 32.2% 45,090 33.5% 19,565 27.9% 16,267 23.8% 35,832 25.9% 20,186 28.2% 16,420 26.0% 36,607 27.2% 4,531 6.5% 5,922 8.7% 10,453 7.6% 4,457 6.2% 5,582 8.8% 10,040 7.5% 4,790 6.8% 7,258 10.6% 12,048 8.7% 4,692 6.6% 6,282 10.0% 10,974 8.1% 2,566 3.7% 2,251 3.3% 4,817 3.5% 2,558 3.6% 2,357 3.7% 4,915 3.6% 2,735 3.9% 3,358 4.9% 6,093 4.4% 2,684 3.8% 3,152 5.0% 5,836 4.3% 1,128 1.6% 1,273 1.9% 2,401 1.7% 1,516 2.1% 1,681 2.7% 3,197 2.4% 1,770 2.5% 1,938 2.8% 3,707 2.7% 1,703 2.4% 1,703 2.7% 3,406 2.5% 2,118 3.0% 1,558 2.3% 3,676 2.7% 2,127 3.0% 1,257 2.0% 3,384 2.5% 6,120 8.7% 5,807 8.5% 11,927 8.6% 6,887 9.6% 4,323 6.9% 11,210 8.3% 70,001 100.0% 68,325 100.0% 138,326 100.0% 71,556 100.0% 63,103 100.0% 134,659 100.0% 42 2016
% % % % % % 133.4 35.3% 88.3 33.2% 107.2 34.2% 143.9 34.6% 92.1 32.2% 114.7 33.5% 105.8 27.9% 63.3 23.8% 81.1 25.9% 117.4 28.2% 74.3 26.0% 93.1 27.2% 24.5 6.5% 23.0 8.7% 23.6 7.6% 25.9 6.2% 25.3 8.8% 25.5 7.5% 25.9 6.8% 28.2 10.6% 27.3 8.7% 27.3 6.6% 28.4 10.0% 27.9 8.1% 13.9 3.7% 8.8 3.3% 10.9 3.5% 14.9 3.6% 10.7 3.7% 12.5 3.6% 14.8 3.9% 13.1 4.9% 13.8 4.4% 15.6 3.8% 14.3 5.0% 14.8 4.3% 6.1 1.6% 5.0 1.9% 5.4 1.7% 8.8 2.1% 7.6 2.7% 8.1 2.4% 9.6 2.5% 7.5 2.8% 8.4 2.7% 9.9 2.4% 7.7 2.7% 8.7 2.5% 11.4 3.0% 6.1 2.3% 8.3 2.7% 12.4 3.0% 5.7 2.0% 8.6 2.5% 33.1 8.7% 22.6 8.5% 27.0 8.6% 40.0 9.6% 19.6 6.9% 28.5 8.3% 378.4 100.0% 265.9 100.0% 313.0 100.0% 416.0 100.0% 285.5 100.0% 342.6 100.0% 134,659 8,682 3,667 252 2.7%138,326 9,520 Yume Corporation 71,556 4,614 1,555 107 2.2%70,001 4,8189% 9.9% 7.3% 63,103 4,069 5,222 359 8.3%68,325 4,702 36Yume Corporation 266 18 6.9% 2016 43
5,456 352 342 24 6.3%5,798 399 Yume Corporation 6,850 442 8,184 563 1,947 126 142 10 7.3%1,805 124 2,151 139 1,840 127 85.5% 311 21 1,977 127 903 62 45.7% 1,074 74 44 2016
(i) (ii) (1) (2) 24,073 1,657 13,416 865 (10,653) (733) (17,013) (1,097) (15,212) (1,047) (2,898) (187) 687 47 898 58 (1,105) (76) (5,597) (361) 29,239 2,012 34,836 2,246 28,134 1,936 29,239 1,885 2016 45
(1) (2) 30,530 2,101 31,333 2,156 (2,079) (143) (1,576) (108) 28,451 1,958 29,757 1,919 (3,489) (240) (15,316) (987) (889) (61) (1,025) (66) 24,073 1,657 13,416 865 (1) 14.53 1.00 (2) 15.51 1.00 24,073 1,657 13,416 865 17,013 1,097 10,653 733 12,613 868 46 2016
15,212 1,047 2,898 187 12,914 889 10,665 734 3,161 218 (1) (2) 3,580 246 4,493 290 459 32 486 31 2,925 189 4,916 338 4,292 277 6,151 423 7,288 470 28,134 1,936 29,239 1,885 43,240 2,976 48,723 3,141 17,786 1,224 20,468 1,320 2,369 163 3,160 204 86 6 254 16 1,731 119 1,610 104 2,497 172 719 46 6,369 438 5,169 333 30,838 2,122 31,380 2,023 12,402 854 17,343 1,118 (1) 14.53 1.00 (2) 15.51 1.00 2016 47
17,343 1,118 12,402 854 1.6 1.4 6.8% 11% 20,828 1,343 11,873 817 123 23 4,493 290 3,580 246 688 47 67 5 133 30 4,292 277 4,916 338 142 10 482 33 13331 48 2016
6,021 414 136 35 150 49 Yume Corporation 148 46 17,78016,394 50,591 3,482 2016 49
2,369 163 18,394 1,266 136 35 10,000 0.4% Dynam Dynam Dynam 15,000 0.4% Dynam30,000 0.5% Dynam 15,000 74,000 5,093 57,497 3,957 50 2016
100 104 9 2016 51
953 4 Yume Corporation 39257 442 12 15 32 33 34 39 40 51 LED 37 36 38 49 50 52 2016
70 154 6 765,985,896 4,596 316 12 1532 33 10 11 123 12423 13635 2,369 3,160 18,394 9,160 2016 53
14242 145 14644 65,430 73,592 15,669,800 14,825,600844,200 3,225,800 14.22 8.99 41,445,898 12,444,000 14.96 11.18 174,359,132 8.08(1)(a)25% 8.08(1)(d) 20.9% 54 2016
16 31 3.13 2016 55
XV XV7 8 352 (i) (1) (2) (3) 258,332,560 (3) 760 (5) 197,571,800 455,905,120 59.453% (4) 55,139,680 (5) 400,765,440 455,905,120 59.453% (6) 230,000 0.030% 838,000 0.109% 20,000 0.003% (1) (2) 766,830,096 (3) SATO AVIATION CAPITAL LIMITEDSAC162,522,560 Rich-O95,810,000 SAC79.45% 4.82% 15.73% SAC760 (4) 55,139,680 (5) 56 2016
XV 352 (ii) XV 2 3 336 (1) (2) SAC (3) 162,522,560 21.194% Rich-O (3) 95,810,000 12.494% One Asia FoundationOne Asia (4) 80,000,000 10.433% (5) 760 (5) 258,332,560 (6) 197,571,800 455,905,120 59.453% 9,900,000 (6) 446,005,120 455,905,120 59.453% 45,059,680 (6) 410,845,440 455,905,120 59.453% 46,575,680 (6) 409,329,440 455,905,120 59.453% 40,896,760 (6) 415,008,360 455,905,120 59.453% 2016 57
(1) (2) 766,830,096 (3) SAC162,522,560 Rich-O95,810,000 SAC 79.45% 4.82% 15.73% SAC 760 (4) One AsiaOne Asia One Asia One Asia (5) SAC Rich-O258,332,560 760 (6) 197,572,560 XV 2 3336 58 2016
52 20 149 2016 59
51.5% 53.0% 54.7% 55.5% 11.6% 10.3% 96.9% 98.1% 86.0% 89.6% 44.3% 41.2% 30% 5% E.1.3 E.1.3 20 A.2.1 62 67 62 60 2016
PricewaterhouseCoopers AarataPwC Aarata PwC Aarata 2016 61
E.1.3 E.1.3 20 21 20 A.2.1 A.2.1 62 2016
14 15 11 9 2 14/14 8/8 6/6 2/2 14/14 3/3 3/3 2/2 11/11 2/2 14/14 2/2 14/14 15/15 2/2 14/14 11/11 9/9 2/2 14/14 15/15 2/2 11/11 11/11 1/1 11/11 8/8 6/6 1/1 3/3 3/3 3/3 1/1 3/3 4/15 1/1 2016 63
1 (1) (2) (3) 2 (1) (2) 3.13 (i) (Soga Law Office) (ii) 3.13(7) A.6.5 100% 64 2016
100% 52B.1.5 300,001 500,000 4,359,015 7,265,000 1 500,001 1,000,000 7,265,015 14,530,000 0 1,000,001 2,000,000 14,530,015 29,060,000 3 2,000,001 3,000,000 29,060,015 43,590,000 2 100% 2016 65
PricewaterhouseCoopers Aarata 3 2 86 6 86 6 (1) Yume CorporationPricewaterhouseCoopers Aarata (2) (3) 14.53 1.00 66 2016
3% dynamjapan_ir@dyjh.co.jp 1% 300 13.51B(1) 15 3.29 2016 67
DYNAM JAPAN HOLDINGS Co., Ltd. 70 154 PricewaterhouseCoopers Aarata 8-21-1 104-0061 +81 (3) 3546 8450+81 (3) 3546 8451 www.pwc.com/jp/assurance 68 2016
PricewaterhouseCoopers Aarata 2016 69
13 155,911 154,556 14(a) (138,326) (134,659) 14(b) (5,798) (5,456) 16(a) 8,184 6,850 16(b) (1,805) (1,947) 18,166 19,344 17 311 2,151 18 (1,074) (1,977) 17,403 19,518 19 (6,864) (8,259) 10,539 11,259 10,544 11,303 (5) (44) 10,539 11,259 22 13.9 15.2 13.9 15.2 77 154 70 2016
10,539 11,259 38(a) (9) 3 (1) (4,510) 237 (4,279) (1) (494) 1,143 (8,979) 21 (494) (7,815) 45 (4,773) (7,816) 5,766 3,443 5,768 3,487 (2) (44) 5,766 3,443 77 154 2016 71
23,49 109,532 99,961 24 2,179 740 25 3,991 1,029 26 6,479 27 8,807 39 11,229 10,954 29 12,534 10,722 145,944 132,213 30 3,580 4,493 9(b) 459 486 39 28 2,925 31 4,916 4,292 32 6,151 7,288 33 28,134 29,239 43,240 48,723 189,184 180,936 34 17,786 20,468 35 2,369 3,160 36 86 254 40 1,731 1,610 2,497 719 37 6,369 5,169 30,838 31,380 12,402 17,343 158,346 149,556 72 2016
39 20 175 35 18,394 9,160 36 126 66 38 243 41 1,685 1,002 40 5,259 4,100 25,727 14,503 132,619 135,053 42 15,000 15,000 44(a) 12,883 10,129 42 (289) 44(a) 110,253 111,037 44(a) (5,202) (1,089) 132,645 135,077 (26) (24) 132,619 135,053 77 154 2016 73
15,000 10,129 110,136 5,829 894 2 6,725 141,990 20 142,010 11,303 11,303 (44) 11,259 (8,958) 1,143 (1) (7,816) (7,816) 1 (7,815) (2) 2 2 11,301 (8,958) 1,143 1 (7,814) 3,487 (44) 3,443 (10,400) (10,400) (10,400) 901 (8,958) 1,143 1 (7,814) (6,913) (44) (6,957) 15,000 10,129 111,037 (3,129) 2,037 3 (1,089) 135,077 (24) 135,053 15,000 10,129 111,037 (3,129) 2,037 3 (1,089) 135,077 (24) 135,053 (868) 3,129 (2,201) (60) 868 10,544 10,544 (5) 10,539 (4,273) (497) (6) (4,776) (4,776) 3 (4,773) 205 (211) 6 (205) 10,749 (4,484) (497) (4,981) 5,768 (2) 5,766 5,775 (149) 5,626 5,626 (3,161) (3,161) (3,161) (3,021) 3,021 (10,665) (10,665) (10,665) 2,754 (289) 84 (4,484) (497) (4,981) (2,432) (2) (2,434) 15,000 12,883 (289) 110,253 (6,685) 1,480 3 (5,202) 132,645 (26) 132,619 74 2016
17,403 19,518 1,074 1,977 (311) (2,151) 11,597 10,340 420 584 301 168 189 872 (79) 5 (64) 20 30,530 31,333 (352) 32 568 (2,545) 32 92 (223) 62 1,633 (1,709) (3,635) 1,018 395 2,089 (526) (543) 1 (63) 28 (9) 28,451 29,757 (3,489) (15,316) (889) (1,025) 24,073 13,416 2016 75
(12,613) (16,008) (582) (362) 192 1,733 (818) (239) 474 177 133 207 (2) 42 (10,653) (17,013) 11,788 17,600 (12,914) (9,218) (260) (880) (3,161) 21 (10,665) (10,400) (15,212) (2,898) 687 898 (1,105) (5,597) 29,239 34,836 33 28,134 29,239 28,134 29,239 76 152 76 2016
1. 2-25-1-702116-0013 95 32 A1 2. 3. 4. 2016 77
5. 19 9 9 9.7.2.15 9 39 9 7 (a) 39 111,037 (*) (**) (868) 9 110,169 * ** 78 2016
5. (a) 9 9 9 39 9 9 (i) 2,925 (2,925) 2,925 (2,925) 39 (ii) 8,807 8,807 39 (i) 2,925 2,925 8,807 2,925 11,732 2016 79
5. (a) (*) 39 (3,129) 2,037 111,037 (ii) 3,129 (3,129) (i) 928 (60) (868) 3,129 (2,201) (60) (868) 9 (2,201) 1,977 110,169 * (i) 9 2,925 928 60 91,936 989 80 2016
5. (a) (ii) 8,807 3,129 212 70 (iii) 9 39 9 8,807 8,807 10 10 5,510 5,510 486 486 2,925 2,925 29,239 29,239 1,522 1,522 11,100 11,100 12,320 12,320 2016 81
5. (b) 9 (c) 939 9 6. 15 16 622 9 82 2016
7. 8 (a) 2016 83
7. (a) (b) DYNAM HOLDINGS Co., Ltd.Dynam Holdings Dynam Holdings 84 2016
7. (c) 2016 85
7. (d) (e) (i) (ii) 86 2016
7. (e) (iii) (f) (g) 2016 87
7. (g) 2 50 4 20 5 (h) 88 2016
7. (i) (i) (ii) 10 5 2016 89
7. (j) (i) (ii) (k) (i) (ii) 90 2016
7. (l) (m) (i) (ii) 2016 91
7. (m) (ii) (1) (2) 92 2016
7. (m) (ii) (3) (1) (2) (iii) 12 12 (iv) (v) 2016 93
7. (n) (m) (i) (o) (p) (i) 94 2016
7. (p) (ii) ICIC (iii) (q) (i) 2016 95
7. (q) (ii) (1) (2) (r) 96 2016
7. (r) (s) (i) (ii) 2016 97
7. (t) (u) 8. 98 2016
8. (a) (b) (c) (d) 12 12 (e) 2016 99
8. (f) 9. (a) (i) 10% 21 76 10% 77 197 100 2016
9. (a) (ii) 5% 5% 122 (5%) (122) 5% (5%) 5% 240 357 (5%) (240) (357) 5% 17 22 (5%) (17) (22) 2016 101
9. (a) (iii) 25 25 (28) (15) (25) 28 15 (b) 102 2016
9. (b) 30 1 30 459 486 1 30 432 437 31 60 23 22 60 4 27 459 486 2016 103
9. (c) 1 1 2 2 5 5 17,786 17,786 6,369 6,369 2,371 3,871 11,224 3,646 21,112 89 43 88 220 596 537 552 1,685 26,615 4,510 11,849 4,198 47,172 1 1 2 2 5 5 20,468 20,468 5,169 5,169 3,160 160 5,827 3,600 12,747 260 52 16 328 511 119 372 1,002 29,057 723 5,962 3,972 39,714 104 2016
10. 25% 8.08(1)(d) 20.9% 56,565 45,883 (28,134) (29,239) 28,431 16,644 189,184 180,936 2016 105
11. 26 6,479 6,479 (*) 27 8,807 8,807 39 (*) 28 2,925 2,925 10 10 10 10 30,353 30,353 31,247 31,247 6,882 7,517 5,510 6,019 43,724 44,359 48,499 49,008 9,532 9,532 11,100 11,100 35 20,763 20,763 12,320 12,320 36 212 212 320 320 30,507 30,507 23,740 23,740 17 161 17 41 (*) 17 24 161 65 106 2016
11. (*) 39 (a) (i) (ii) (iii) (iv) (v) 2016 107
11. (b) 1 2 1 3 1 1 2 33 108 2016
11. (c) 1 2 3 4,804 4,804 514 514 1,161 1,161 5,318 1,161 6,479 1 2 3 39 2,925 2,925 7,132 7,132 647 647 1,028 1,028 7,779 1,028 8,807 10,704 1,028 11,732 1 2 3 2016 109
11. (d) 3 (e) 3 3 1,028 60 0 119 (46) 3 1,161 110 2016
11. (f) 3 3 1,161 1,028 (g) 2 3 (h) 1 2 3 7,517 7,517 7,517 7,517 2016 111
11. (h) 1 2 3 6,019 6,019 6,019 6,019 (i) (i) *1 2 2,653 7,026 IGG Inc*1 3 1,936 2,925 1,890 1,781 6,479 11,732 *1 *2 5(a) *3 5(a) 112 2016
11. (i) (i) 5(a) 7(m) (n) (ii) Imperial Pac IGG 470 212 12. Yume Corporation Yume Corporation Yume Corporation Yume Corporation 38,805,336 Yume Corporation 2796kan i kabushiki-koukan (a) Yume Corporation (b) 2016 113
12. (c) Yume Corporation 38,805,336 5,775 10,958 422 142 284 7 2,559 1,756 1,820 17,948 2,095 9,491 242 951 2,071 14,850 3,098 2,677 5,775 5,775 Yume Corporation 114 2016
12. (d) Yume Corporation1,756 Yume Corporation (e) 23 (f) 5,704 20 (g) 13. 164,277 9,930 10% 2016 115
13. 844,885 826,072 (688,974) (671,516) 155,911 154,556 14. (a) 4,817 4,915 3,707 3,406 10,453 10,040 2,401 3,197 47,372 45,090 35,832 36,607 12,048 10,974 3,676 3,384 6,093 5,836 11,927 11,210 138,326 134,659 116 2016
14. (b) 3,219 3,141 113 86 2,466 2,229 5,798 5,456 15. 54,281 51,771 20 7 839 803 55,140 52,581 16. (a) 4,240 4,053 254 265 514 407 858 423 378 694 543 1,201 1,204 8,184 6,850 2016 117
16. (b) 321 181 189 878 440 322 205 533 683 1,805 1,947 17. 16 54 161 65 1,782 134 250 311 2,151 18. 299 68 322 370 368 1,258 85 281 1,074 1,977 118 2016
19. 5,197 7,023 9 11 5,206 7,034 28 13 39 1,630 1,212 6,864 8,259 33% 32% 33% 31% 16% 2016 119
19. 17,403 19,518 33% 36% 5,743 7,026 (281) (206) 674 498 (4) 70 305 197 9 11 (29) (187) 251 674 196 176 6,864 8,259 20. 52 69 90 8 22 77 112 120 2016
20. 1,500,001 2,000,000 21,795,015 29,060,000 23,265,016 31,020,000 3 4 2,000,001 2,500,000 29,060,015 36,325,000 31,020,016 38,775,000 2,500,001 3,000,000 36,325,015 43,590,000 38,775,016 46,530,000 3,000,001 3,500,000 43,590,015 50,855,000 46,530,016 54,285,000 21. 7.00 5,465 7.00 5,200 6.00 4,596 7.00 5,200 10,061 10,400 6.00 765,985,896 2016 121
22. 10,544 11,303 757,341,412 742,850,360 13.9 15.2 122 2016
23. 28,962 127,101 80,480 139 451 237,133 20,828 20,828 385 7,245 8,054 54 (19,803) (4,065) (156) (1,168) (27) (44) (1,395) 4 9 26 2 41 29,351 134,199 87,392 168 1,432 252,542 12 3,372 6,052 1,534 0 10,958 311 369 2 11,191 11,873 678 4,969 5,553 10 (11,210) 24 (813) (1,167) (1,980) (202) (981) (16,872) (1) (18,056) (4) (12) (48) (8) (72) 32,382 143,371 77,928 171 1,413 255,265 2,072 77,667 62,732 57 142,528 5,347 4,967 26 10,340 479 247 146 872 (102) (1,031) (35) (1,168) 1 8 9 2,551 83,160 66,822 48 152,581 5,847 5,716 34 11,597 76 55 58 189 24 (1,042) (1,042) (860) (16,702) (1) (17,563) (3) (23) (3) (29) 2,627 87,157 55,871 78 145,733 29,755 56,214 22,057 93 1,413 109,532 26,800 51,039 20,570 120 1,432 99,961 2016 123
23. (a) 29,719 26,760 36 40 29,755 26,800 (b) (c) (d) 1,064 1,257 6,021 2,913 Cushman & Wakefield K.K.CW % % 8.0 7.0 189 872 124 2016
24. 740 745 12 422 79 (5) 938 2,179 740 1,658 380 521 360 2,179 740 694 543 (322) (205) 79 (5) 451 333 2016 125
24. (a) (b) 11 (c) CW 1 2 3 1,658 1,658 521 521 2,179 2,179 1 2 3 380 380 360 360 740 740 1 2 3 126 2016
24. (d) 2 3 CW 3 (e) 3 3 745 (5) 740 12 422 938 79 2,179 * 79 (5) 2016 127
24. (f) 3 6.5% 12.0% 6.5 18.6 12.0% 2,671 806 665 14,216 21,775 80,879 * 65.0% 107.0% 170 75 21,000 108,000 165,000 178,000 30.0% 100.0% 1,203 2,179 740 (*) 128 2016
24. (g) 25. 11 23 4,356 4,379 1 219 220 (26) (26) 24 4,549 4,573 575 575 12 2,677 13 129 2,819 (12) (12) 2,677 37 5,241 7,955 9 2,962 2,971 2 582 584 (12) (12) 1 1 11 3,533 3,544 4 416 420 15 3,949 3,964 2,677 22 1,292 3,991 13 1,016 1,029 2016 129
25. (a) Yume Corporation (b) (*1) 0% 253 599 8% (*1) 130 2016
25. (b) (c) (d) Yume Corporation 12,271 6,589 4 2016 131
26. 4,804 514 1,161 6,479 27. 7,132 647 1,028 8,807 28. 39 2,925 132 2016
29. 4,104 4,096 6,723 5,510 200 271 496 398 390 621 447 30. 12,534 10,722 1,056 1,744 2,088 2,155 436 594 3,580 4,493 31. 3,836 3,354 1,080 938 4,916 4,292 2016 133
32. 2,028 1,872 2,235 3,901 167 234 276 336 337 29 1,108 916 6,151 7,288 33. 5,550 4,787 22,584 24,452 28,134 29,239 21 37 26,335 24,923 480 1,382 1,063 2,840 256 94 28,134 29,239 134 2016
34. 1,432 1,287 2,438 4,000 2,492 3,801 2,340 2,922 8,102 7,734 982 724 17,786 20,468 1 30 1,372 1,211 31 60 11 60 60 49 16 1,432 1,287 2016 135
35. 20,763 12,320 2,369 3,160 3,839 159 11,013 5,622 3,542 3,379 20,763 12,320 12 (2,369) (3,160) 12 18,394 9,160 (i) % % 0.7 0.6 (ii) 6,021 2,913 (iii) 136 2016
36. 89 260 86 254 131 68 126 66 220 328 212 320 (8) (8) 212 320 212 320 12 (86) (254) 12 126 66 2.4% 3.6% 37. IC 5,093 4,103 1,276 1,066 6,369 5,169 2016 137
38. Yume Corporation 5%1,250 (a) 502 (260) 242 19 19 1 (1) 0 20 (1) 19 5 5 (0) (0) 4 4 4 5 9 (16) (16) (15) 6 (9) (2) (2) 509 (266) 243 (b) SUMITOMO LIFE INSURANCE COMPANY 138 2016
38. (c) % 0.366 0.25% (16) 12 (d) 14.8% 2 2 1 1 10 10 27 27 85.2% 45 45 180 180 1 1 266 266 100.0% (e) 2016 139
39. (668) 2,727 210 1,287 6,941 35 1,462 11,994 (1) (2) (3) 18 597 (459) 107 133 (138) 39 (810) (531) (32) (142) (18) (20) (427) (19) (23) (681) (103) 2,125 299 1,400 6,376 55 627 10,779 12 193 203 (32) (11) 1,019 (10) 458 1,820 3 236 239 1 1 19 365 (169) (10) 229 (1,134) (399) (257) (1,375) 142 (75) (11) (69) (225) 6 (23) (255) 597 2,087 246 1,549 6,036 (348) 1,042 11,209 1,488 692 140 2016
40. (i) (ii) 3,787 1,619 5,406 233 (9) 224 80 80 4,100 1,610 5,710 12 858 93 951 217 28 245 84 84 5,259 1,731 6,990 1,731 1,610 5,259 4,100 6,990 5,710 (i) (ii) 2016 141
41. 330 713 369 152 742 244 137 1,685 1,002 42. 2,520,000,000 2,520,000,000 742,850,360 15,000 (i) 38,805,336 (ii) (14,825,600) 766,830,096 15,000 (i) 38,805,336Yume Corporation (ii) 14,825,600178 142 2016
42. (iii) 16,669,800 3,310 (iv) 14,825,600 3,021 1,844,200 289 (iii) 16,669,800 156 165 15,669,800 Yume Corporation 1,000,000 78,165,569 (iv) 14,825,600178 10.06(5) 2016 143
43. (i) 62,484 61,141 911 666 (ii) 29,727 27,008 12,292 15,375 105,414 104,190 (iii) (11,397) (4,722) (4) (214) (142) (3,194) (338) (168) (11,881) (8,298) (15,000) (15,000) (78,533) (80,892) (93,533) (95,892) (105,414) (104,190) (i) Yume Corporation 5,775 (4,810) 378 1,343 144 2016
43. (ii) (a) 29,718 27,001 0.6% (b) (iii) (a) 11,375 4,702 Sumitomo Mitsui Banking Corporation (b) 44. (a) (b) 44(c) 54,748 14,900 69,648 21,644 21,644 (10,400) (10,400) 54,748 26,144 80,892 5,779 (80) 5,699 5,775 5,775 (3,161) (3,161) (3,021) 3,021 (10,672) (10,672) 57,502 (140) 21,251 (80) 78,533 2016 145
44. (c) (i) (ii) 10% 25% (d) 146 2016
45. (9) (9) 3 (6) (4,510) (4,510) 237 (4,273) (494) (494) (494) (5,013) (5,013) 240 (4,773) (1) (1) (8,979) (8,979) 21 (8,958) 1,143 1,143 1,143 (7,836) (7,836) 20 (7,816) 2016 147
46. Dynam Cabin Plaza Yume Corporation (i)(ii) Pattes (i)(ii) Japan Real Estate (i) Dynam Business Support Shinrainomori Association (iii) 5,000,000,000 100% 100% 10,000,000 100% 100% 50,000,000 100% 3,000,000 100% 10,000,000 100% 1,020,000,000 100% 100% 100% 100% Shinrainomori 500,000,000 100% 100% Humap Business Partners 100,000,000 100% 100% 30,000,000 100% 100% 148 2016
46. Kanto Daido Shinrainomori Rich-O Korea 50,000,000 100% 100% 10,000,000 100% 100% 675,000,000 100% 100% Erin Int l 3,254,222,125 87.61% 87.61% 32,050,300 100% 100% Genghis Khan P Insurance 47,000,000 100% 100% 10,000,000 100% 100% (i) Yume Corporation Yume Corporation Pattes Japan Real Estate (ii) Yume Corporation Pattes (iii) Shinrainomori AssociationGIA/GIFGIA/GIF 2016 149
47. (i) 5,775 (i) Yume Corporation 48. 49. 204 870 4,219 13,982 4,423 14,852 150 2016
50. (a) 769 783 1,896 1,781 763 1,018 3,428 3,582 2020 10,094 9,731 51. 2016 151
52. (a) 42.0 5.5 47.5 7.4 2.3 9.7 32.9 3.6 36.5 6.0 6.0 6.0 6.0 6.0 6.0 6.0 6.0 5.0 5.0 5.0 5.0 116.3 11.4 127.7 152 2016
52. (a) 12.6 8.5 21.1 42.0 8.5 50.5 6.0 6.0 6.0 6.0 6.0 6.0 6.0 6.0 5.8 5.8 5.8 5.8 90.2 17.0 107.2 (i) (ii) (iii) (b) 2016 153
52. (c) (d) 53. 154 2016
100% 110000410209201 Business Partners Business Partners Co., Ltd.* 0115 01 017394 100% Cabin Plaza Cabin Plaza Co., Ltd.* 3800-01-019664 *86 Dynam Japan Holdings DYNAM JAPAN HOLDINGS Co., Ltd.* 0115-01-017114 Dynam DYNAM Co., Ltd.* 0115-01-007357 2016 155
Dynam Business Support Dynam Business Support Co., Ltd.* 0115-01-010575 DYNAM 1848306 Erin International Erin International Co., Ltd. 9019015133 Erin International 87.61% Genghis Khan Genghis Khan Travel Co., Ltd.* 0115-01-010593HUMAP Japan100% GIA/GIF * 48 156 2016
DYNAM Yume CorporationCabin Plaza 420 HUMAP Japan HUMAP Japan Co., Ltd.* 0115-01- 008097 ICT (information and communication technology) IGG IGG Inc IGG799 Japan Real Estate Japan Real Estate Co., Ltd.* Yume Corporation100% 2016 157
Kanto Daido Kanto Daido Selling Co., Ltd.* 0105-01-002705HUMAP Japan100% Yume CorporationCabin Plaza 4 20 One Asia One Asia Foundation* GIA/GIF 0115-05-01395One Asia 80,000,000 10.77% 3.13 158 2016
P Insurance P Insurance Co., Ltd.* 0115-01-013256HUMAP Japan100% P-World Rich-O Rich-O Co., Ltd.* 0115-01-011944 Rich-O Korea Rich-O Korea Co., Ltd.* 110111-3408732 100% 571 2016 159
Shinrainomori Shinrainomori Co., Ltd.* Yume Corporation Yume Corporation Co., Ltd.* * 160 2016