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     < Title of title >
                               Chapter 1 Technology and Market Overview
                    Section 1    Technical Overview           ------------------------------      1
                    Section 2    Market Overview              ------------------------------      4
                                           Chapter 2 Sales Estimation
                    Section 1    Number domain sales          ------------------------------      7
                    Section 2    O2O sales                    ------------------------------     12
                    Section 3    Multi-business sales  ------------------------------            17
                    Section 4    Sales estimation results     ------------------------------     24
                                   Chapter 3 Income Statement Estimation
                    Section 1    Preparation of income statement  ------------------------------  25
                    Section 2    Cash flow estimation         ------------------------------     27
                                     Chapter 4 Business Value Evaluation
                    Section 1    Calculation of discount rate  ------------------------------    32
                    Section 2    Calculation of business value  ------------------------------   33
                    Section 3    Evaluation of technology value  ------------------------------  34
                                              Chapter 5 Conclusion
                    Section 1    Valuation Results            ------------------------------     36
                    Section 2    future direction             ------------------------------     37
                       references                ---------------------------------------         39
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