Monday, February 09, 2015

A dribble of $WWE Stock Analysis



Here is the $WWE stock against their annual average (by calendar year). You can see how huge that crest & fall for 2014 was driven by the exceptional expectations around the domestic TV rights deal (which ultimately didn't deliver as high as WWE or analysts hoped) and the initial enthusiasm about the viability of the WWE Network.

I was curious what happens in the quarter after WWE announces their fiscal results, namely - what happens in the post-WM quarter?


It's a very mixed bag. Some years we're up. Some years we're down. (Keep in mind that this chart has been time changed so that we're looking at the period following the release of results. So, we're actually in Q3 CY 2014 right now because the Q4 CY 2014 results hasn't been released yet.)

I also took a quick look at what your index would look like if you bought $WWE stock and wanted to hold it less than a year. This doesn't include stock splits or dividends or the fancy jazz that a real analysis would include. It's just a quick look at the average price in a month, and how that compares for the next 12 months.


For this chart, I excluded 1999-2000 and all of 2014. I felt that those two periods had a lot of distortion going on with them.

I'm very surprised to see December up for every month. Maybe I screwed something up.

Row Labels Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec Avg
1999      24.00      22.54      16.40            20.20
2000      15.28      11.92      14.50      15.31      17.24      17.72      21.24      19.98      20.36      14.93      14.30      14.42            16.45
2001      18.91      16.03      12.75      13.30      13.21      12.61      13.76      11.74      11.61      11.35      11.95      12.74            13.32
2002      13.71      13.50      15.10      14.79      14.89      13.84      11.08        9.93        9.25        7.66        8.33        8.46            11.68
2003        8.17        8.14        7.89        8.33        9.28      10.06        9.81        9.74      10.19      10.69      11.31      12.33             9.68
2004      13.59      13.40      13.38      14.80      12.42      12.85      12.73      12.04      12.14      12.21      12.72      11.97            12.85
2005      12.31      12.37      12.30      11.59      10.53      10.41      12.00      12.29      12.94      12.68      13.06      14.61            12.25
2006      14.87      15.03      16.63      17.08      17.84      17.03      16.66      15.97      16.85      16.76      16.08      16.53            16.46
2007      16.19      16.15      15.87      16.62      17.91      17.09      16.07      14.63      14.83      15.24      15.10      14.89            15.88
2008      14.30      16.58      18.28      18.57      16.68      15.79      15.97      16.11      15.76      14.38      12.00      11.28            15.48
2009      10.46        9.47      10.55      11.31      11.62      13.02      12.94      14.24      14.16      13.81      15.34      15.69            12.76
2010      16.06      16.29      17.49      17.88      16.80      16.27      15.98      14.57      13.99      13.81      13.86      14.29            15.60
2011      13.44      12.27      12.66      11.73      10.39        9.65        9.92        9.38        9.12        9.98        9.86        9.75            10.66
2012        9.57        9.60        8.91        8.14        8.38        7.70        7.77        8.33        8.61        8.20        7.99        8.01             8.43
2013        8.19        8.53        8.66        8.91        9.29        9.87      10.82      10.10      10.04      11.37      13.66      15.04            10.38
2014      18.96      23.27      29.14      22.78      15.02      11.50      12.14      14.11      14.47      13.60      12.36      11.62            16.50
2015      11.15      12.64            11.44

It is remarkable that with the exception of 2004 and 2008, the Dec vs. Nov number was average of +4% and between -1% and +12%. 

But all of this is just someone playing with a couple numbers from Yahoo Finance with little stock financial training. I would take it with an enormous grain of salt.

Sunday, February 01, 2015

Chapter 1 - The annual report - and what underlies it (The Economist's Guide to Analysing Companies) $WWE

"The annual report- and what underlies it"

What is accounting?

As we learn (pg 10) the 1966 American Accounting Association defines accounting as, "process of identifying, measuring and communicating economic information to permit informed judgments and decision by users of the information."

We're going to be looking at the WWE Annual Report.

STEWARDSHIP & THE WWE BOARD OF DIRECTORS

There's an interesting part of page 13 in the "Ownership and management". Noting that in private companies "members of the family act as directors" while a public company is supposed to have a clear separation of the owners of the company and its shareholders. Obviously, in the WWE where the McMahon family controlled 43,797,830 Class B shares (there were six total owners as in the 2013 Annual Report) with ten votes while the 8,206 holders of 31,349,734 Class B shares only get one vote. The McMahon's control the voting rights. As noted in the Annual Report:
A substantial number of shares are eligible for sale by Mr. McMahon and members of his family or trusts established for their benefit, and the sale of those shares could lower our stock price. All of the issued and outstanding shares of Class B common stock are held by Vincent McMahon and other members of the McMahon family and trusts set up for these family members. Sales of substantial amounts of these shares, or the perception that such sales could occur, may lower the prevailing market price of our Class A common stock. If any sales or transfers of Class B common stock were to occur to persons outside of the McMahon family, the shares would automatically convert into Class A common stock.
There's a concept in the UK of "stewardship" (or "Accountability") which is the directors' relationship with their shareholders. Typically, we call a "controlling shareholder" someone who is holding more than "20% of a company's shares". In fact, WWE must disclose anyone who owns more than "3% of a company's equity shares" in the annual report.

Let's look at the current WWE Board of Directors is:
  • Vince McMahon - Chairman of the Board & CEO of WWE.
  • Stuart Goldfarb - "President of Fullbridge - provider of an accelerated, rigorous business education program" and formerly "President and CEO of - marketer of DTC subscription products/Internet search marketing agency" (which went bankrupt). According Forbes, he earned about $108k for WWE BOD work in 2013. He was an NBC VP many years ago.
  • Patricia Gottesman - She was "CEO of Crimson Hexagon- a social media monitoring and analysis company" and previous to that a 29-year executive at Cablevision. According to Forbes, she earned about $103k for being on the WWE BOD in 2013.
  • David Kenin - His claim to fame was as EVP for Crown Media where he was in charge of programming for the Hallmark Channel. He also had experience as former President of CBS Sports and EVP at USA Network. According to Forbes, he earned about $116k for being on the WWE BOD in 2013.
  • Joseph Perkins - Perkins joined the board of directors back in 1999. He was a longtime associate of the WWF/WWE dating back to the 1970s where he was a director of syndication. He's the oldest member of the WWE Board of Directors (78). According to Forbes, he earned about $108k for his work on the WWE BOD in 2013.
  • Frank Riddick - Mr. Riddick is the executive chairman of Shale-Inland and former CEO of JMC Steel Group. According to Forbes, he earned about $125k for being on the WWE BOD in 2013.
  • Jeffrey Speed - a former EVP/CFO for Six Flags, Mr. Speed also brings extensive work history from time at the Walt Disney Company and public accounting firm PWC. According to Forbes, he earned about $117k for his work on the WWE BOD in 2013. 
  • Laureen Ong - the newest member of the WWE BOD, Ms. Ong was elected to the WWE BOD in July 2014. Her background is 30 years in the Cable industry with experience as President of the Travel Channel, launching the National Geographic Channel and working as the COO for Hong Kong's STAR Group Limited which "develops, produces, and broadcasts satellite television programs and contents in nine languages and across 59 channels in Asia."
It's a very cable/satellite-heavy BOD. Pretty much everyone, except for Mr. Riddick and Mr. Speed came from the Television industry. Mr. Speed's connections to both Walt Disney and Six Flags seem cohesive with the entertainment space which WWE plays in. Riddick is the outlier, but I think there is a connection.

I'd guess that Riddick's connection to the WWE Board was probably through former BOD member Michael Solomon. Both men have served on the Geeknet board of directors.  Geeknet is owner of popular online retailer Thinkgeek. According to Bloomberg, Solomon was on the Geeknet BOD from March 2010 to March 2014 and served on the WWE BOD from August 2001 to November 2010. Meanwhile, Riddick has been on the Geeknet BOD (and continues to serve) since August 2010.

It's interesting to go back a few years, and you'll see other familiar names on the WWE Board of Directors. Back in 2005, the WWE BOD included Lowell Weicker (former US Senator 1970-1988 and former CT Governor 1991-1995), David Kenin (still on the BOD, joined in 1999), Joseph Perkins (still on the BOD, joined in 1999), Michael Solomon (joined in 2001, left in 2010) and most interestingly, Robert Bowman.

Why is Robert Bowman so interesting? He's the CEO of MLB Advanced Media. That's the company who provides the backbone for the WWE Network. I think it's interesting when you read an interview with Bowman about the WWE Network to recognize that Bowman's relationship with Vince McMahon dates back many years. He joined the WWE Board of Directors in September 2003.

What's missing? While TV rights has traditionally been the lifeblood for the WWE, in this changing media landscape, I would expect that there could be greater guidance from people who have more experience with over-the-top and digital media services. It's telling that most of the people on WWE's Board of Directors come from terrestrial television programming. It would seem that those with "internet company" are still traditional TV executives at heart.

10-K

As for the timing of when the annual report must be issued, I learned that "companies with assets over $75M must file a 10-K report within 60 days of the year end" (page 16). And that WWE must have a "detailed segment analysis by product and/or geographic area, including the naming of any customer accounting for many than 10% of revenues."

WWE has broken down their geographic distribution of revenues for several years. For instance, as I noted in my piece about the UK/Ireland launch of the WWE Network:

YearNorth AmericaUnited KingdomRemainingTotal
2007$366.4$45.1$74.2$485.7
2008$391.3$47.3$87.9$526.5
2009$348.1$36.5$90.6$475.2
2010$342.3$33.9$101.4$477.7
2011$350.5$33.2$100.2$483.9
2012$365.9$34.0$84.1$484.0
2013$391.7$36.0$80.3$508.0
2013 Q4 - 2014 Q3$406.3$38.8$75.3$520.5
(There's a clear trend where WWE has pulled back from an growing revenue in Latin America in recent years. From FY2004-2006, international tour attendance was 9000+/show. Now it has dropped in recent years to at/lower than domestic attendance - 6,000/show. Interestingly, we've seeing revenue growth from new geographies such as India, Thailand and the Middle East for new TV rights contracts.)

I do wonder about the definition of "customer". For instance, NBCU pays WWE a lot for TV rights for television programming on their channels: Total Divas (E!), Raw (USA) and SmackDown (SyFy). Between Q4 2013 and Q3 2014, domestic TV rights was about $109M which would represent over 20% of the total net revenue for WWE. The vast majority of it came from a single company (NBCUniversarl - a division of Comcast Corporation) with the remainder being Main Event revenue (ION TV, which stopped broadcasting domestically on April 2, 2014).

There's a lot more I could comment about from chapter 1, but I'd like to focus on a interesting paragraph on page 52: "Pro-Forma figures".

Vouse writes:
When faced with uncertainty, poor performance, or the need to hide incompetence or fraud, directors may be attracted to presenting "pro-forma" figures in their reports to investors... If the terms "adjusted", "normalised", or "underlying" are used in the review of a company's performance, be on your guard. Examples of such measures may be found in the use of EBITDA. A company showing a loss in its published income statement could produce a positive EBITDA figure. If the discussion of performance management choose to use a measure other than one firmly based on the reported financial figures and GAAP, a clear explanation must be provided.
This section really struck me because WWE has a nasty habit of reshuffling divisions, and changing how they like to account their profits. Today, it's "OIBDA" - operating income before depreciation and amortization. As the costs for WWE Network have mounted, WWE has been under intense pressure to demonstrate that the service is meeting their internal (ever-changing) expectations and that it's capable of turning a profit (and eventually exceeding the previous revenue stream generated by traditional pay-per-view).

Here's how WWE explains their choice of OIBDA:
The Company presents OIBDA as the primary measure of segment profit (loss). The Company believes the presentation of OIBDA is relevant and useful for investors because it allows investors to view our segment performance in the same manner as the primary method used by management to evaluate performance and make decisions about allocating resources. The Company defines OIBDA as operating income before depreciation and amortization, excluding feature film amortization and film impairments. OIBDA is a non-GAAP financial measure and may be different than similarly-titled non-GAAP financial measures used by other companies. A limitation of OIBDA is that it excludes depreciation and amortization, which represents the periodic charge for certain fixed assets and intangible assets used in generating revenues for our business. OIBDA should not be regarded as an alternative to operating income or net income as an indicator of operating performance, or to the statement of cash flows as a measure of liquidity, nor should it be considered in isolation or as a substitute for financial measures prepared in accordance with GAAP. We believe that operating income is the most directly comparable GAAP financial measure to OIBDA. See Note 18, Segment Information in the accompanying Consolidated Financial Statements for a reconciliation of OIBDA to operating income for the periods presented.
I'm not an accountant or a experienced investor. I can't speak about the decision to use OIBDA by WWE but I do think it's an important reason why there is significant differences in interpretation when it comes to establishing what WWE's new "break-even" point is for the WWE Network. It's especially interesting to see how much the Depreciation and Amortization for the "Live and Televised Entertainment" division is changing between 2013 ($6,657,000) and 2014 (where it seems to be $28,000,000 for just the WWE Network).

As WWE notes in the latest 10-Q filing:
Overall depreciation expense in the current year was higher due to depreciation expense related to the Company's recent investments in property and equipment to support our emerging content distribution efforts, including our WWE Network.
OIBDA doesn't include Depreciation and Amortization so those large costs aren't being included in the WWE Network calculations. Suddenly, Vause's  warning about pro-forma figures is ringing in my ears.

@mookieghana

Saturday, January 31, 2015

The Economist's Guide to Analysing Companies (Mookie's wrestlenomics journey to understand $WWE)

One thing I've struggled with is trying to figure out what to do with this blog.


PREAMBLE
The sort of things that I typically post here could be random whims (Mookieghana 400) or calculation metrics (WON HOF Ballot) or information that I want to archive (Buyrates 2006-2014).

I enjoy writing about pro-wrestling, pro-wrestling stats and the financials of pro-wrestling.

Recently, when I've discovered that I can get paid for my articles, I often try to do that when I can dedicate the time to write & publish a piece.

My background is in Economics, Mathematics, Microsoft Excel, Apple //e BASIC. I'm not a professional writer. But one thing I learned from improv comedy was that you become a professional when you're doing something that people are interested in, and part of that process is getting paid to do it.

That's one reason that my stuff ends up being scattered across many website - Bleacher Report, SeekingAlpha, Voices of Wrestling, WhatCulture and F4W/WON - different audiences for different subjects. Before I record a Wrestlenomics Radio podcast, I often write up talking points, facts, and conclusions. Sometimes those mini-pieces end up here.


WWE BALANCE SHEET
I've spent a lot of time examining WWE's annual reports. A lot. 

I've studied their press releases. I've dissected their balance sheet. I've studied their quaterly key performance indicators.

Still, there's a lot of questions I have. How can correlate their current (and projected future) performance to their stock price? What exactly is their break-even point for the WWE Network? How successful or unsuccessful have their various segments been? And so forth.

WWE doesn't always make it easy. They've switched from reporting on Cost of Revenues to Profits to Operating Income to OIBDA. They've reorganized segments and they've discarded projects and launched other complex investments. It's a lot of work just to produce a clean seven years of like-to-like revenues.

I've been trying to figure out how to better answer these questions.
Jason on Twitter suggested Damodaran's class at Stern which has been a great starting point.

Today my buddy Adam and I hunted around Magers & Quinn Bookstore for a good reference and came across Bob Vause's "Guide to Analysing Companies" presented by The Economist. As someone who greatly respects the Economist magazine and has often read and subscribed, it seemed like just the right thing.




Wow. What a find!

So, I'm going to see what I can learn from this book. And I think this blog might be a good place to capture what I'm processing.

QUOTES

from the INTRODUCTION
Financial analysis is as much an art as it is a science.

Never judge a company on the basis of one year's figures... Never judge a company in isolation.

Future expectations of a company's performance outweight its historical track record in determining its stock price

Importantly, Vause notes that "If you cannot understanding what the company does.. it is not a failure of your analytic ability but someone practising corporate legerdemain."
leg·er·de·main
ˌlejərdəˈmān,ˈlejərdəˌmān/
noun
skillful use of one's hands when performing conjuring tricks.
synonyms: sleight of hand, conjuring, magic, wizardry
I really like that phrase "corporate legerdemain". That's a terrific way to discuss WWE's balance sheet.

The real challenge is pinpointing what industry is appropriate to compare WWE against -- are they an Entertainment rights company? Are they a live events company? Are they are TV/Media company?

This is something I'm going to need to think a lot more about. How much show their performance be weighted against competitors who also dabble in the same areas?

Here's Google Finance's comparison companies for WWE:
  • Time Warner (media and entertainment company) 
  • 21st Century Fox (global media and entertainment company) 
  • Walt Disney Company (diversified worldwide entertainment company) 
  • Comcast (media and technology company for Cable and NBCU) 
  • Mattel (designs/manufacturers/markets toys) 
  • Manchester United (operations of professional sports team) 
  • Madison Square Garden (integrated sports, entertainment and media business company) 
  • Take-Two Interactive (developer/publisher/marketer of interactive entertainment) 
  • DirecTV (provider of digital television entertainment) 
  • SFX Entertainment (producer of live events and entertainment content focused on electronic music culture) 
It's considered a "Cyclical Consumer Goods & Services" company in the Entertainment industry.
The Cyclical Consumer Goods & Services economic sector consists of companies engaged in the production of automobiles, homebuilding, household goods, textiles and apparel, as well as hotel, casino, leisure, media and retail operations and services.
What a strange hodgepodge! Cars & Casinos! Textiles & Wrestling!

Tuesday, January 13, 2015

Stephanie McMahon & George Barrios present at the Needham Growth Conference (1/13/15)

STAMFORD, Conn., January 9, 2015 – WWE (NYSE:WWE) announced that its Chief Brand Officer, Stephanie McMahon, and Chief Strategy & Financial Officer, George A. Barrios, will participate in a presentation at the 17th Annual Needham Growth Conference for investors in New York City on Tuesday, January 13, 2015.
A live audio webcast will be available online at ir.corporate.wwe.com under Events & Presentations. Ms. McMahon’s and Mr. Barrios’ remarks are expected to begin at approximately at 5:30 p.m. ET. A replay of the presentation will be available after the actual event time and will be available for 90 days following the conference.

Link to the webcast (you've got to sign up): http://wsw.com/webcast/needham69/wwe
Link to the January 2015 version of the Investor's Presentation: http://www.snl.com/irweblinkx/file.aspx?iid=4121687&fid=1500066827



Needham is also home to Laura Martin who famously predicted that WWE would be trading at $30+ "over the next year" (it's been below $15 since May) and published a crazy optimistic analysis of the WWE Network which I dissected in depth.


Things that I would wonder about:

- What about the new Home Entertainment deal with Warner Bros? The relationship with Cinedigm got pretty ugly towards the end. Are there some new opportunities here - particularly with print-on-demand?
- What about rumors of the merchandise licensing deal with Tapout? This has the potential for a large infusion of sponsorship money for both the wrestlers and the company.
- What exactly is the strategy for penetrating the Chinese market? It's a fun thing to wave out there for investors, but realistically, what is WWE doing?
- Can they elaborate on the growth expectations for India and timing for the return to live event tour in that country? The media rights in that company are surprisingly lucrative, and what's the next step in WWE's plans? Does it include having any Superstars of Indian-background since both Great Khali and Jinder Mahal left the company last year?
- How are they going to "monetize" their social media presence?
- We've been promised a turn-around for the WWE film business since 2012. How is that going? Is it really worth supporting this initiative along with the WWE Network costs? How does the new deal with WB play into this?
- Will there be a revamping of the international business model - particularly among WWE Live Events which have had stagnant attendance trends for years despite running less & less int'l events? Will there be a New Live Events strategy now that Talty has left WWE?

Thursday, December 25, 2014

Mookieghana Japan 400 for 2014

Inspired by the Dr. Keith Christmas Puroresu Draft project with ELEGANT ELOCUTIONIST OF CATCH-AS-CATCH-CAN SHENANIGANS Alan4L, PREMIERE PONTIFICATE OF PROFESSIONAL WRESTLING Joe Gagne, RHETORICIAN OF WRESTLING RECONNAISSANCE Rich Kraetsch and THE GURU OF GRAPPLING Joe Lanza, I took a look at 2014 Japanese Stats.

I looked at results covering Dragon Gate, New Japan Pro Wrestling, Big Japan Pro-Wrestling, Pro Wrestling NOAH, Dramatic Dream Team, All Japan Pro Wrestling, Osaka Pro Wrestling, Kaientai Dojo, WRESTLE-1, Pro Wrestling ZERO1, Pro Wrestling FREEDOMS and Michinoku Pro Wrestling results.

I calculated ELO results for the matches using a base of 1600 and a k-factor of 32 for each match (equally weighted).  The ranking was based on total matches, highest peak ELO, final ELO ranking, winning percentage, number of overall wins, median rankings and lowest standard deviation among the ranking factors.

Here is the MOOKIEGHANA JAPAN RANKINGS FOR 2014.

Clearly, these rankings are completely infallible.  

TOP 400

1 Yuko Miyamoto: 117 matches (84-31-2) = 73% win; peak: 1851 on 12/21/14 -- 1835 end ELO
2 Kenou: 104 matches (75-24-5) = 76% win; peak: 1853 on 12/11/14 -- 1826 end ELO
3 Daisuke Sekimoto: 129 matches (84-41-4) = 67% win; peak: 1850 on 10/26/14 -- 1721 end ELO
4 Kohei Sato: 115 matches (80-31-4) = 72% win; peak: 1832 on 12/20/14 -- 1816 end ELO
5 Shigehiro Irie: 114 matches (74-37-3) = 67% win; peak: 1958 on 12/23/14 -- 1958 end ELO
6 Satoshi Kojima: 101 matches (74-26-1) = 74% win; peak: 1932 on 12/20/14 -- 1905 end ELO
7 Flamita: 98 matches (66-32) = 67% win; peak: 1786 on 11/16/14 -- 1700 end ELO
8 Jun Akiyama: 102 matches (69-32-1) = 68% win; peak: 1743 on 12/9/14 -- 1708 end ELO
9 Yuji Hino: 93 matches (63-26-4) = 71% win; peak: 1634 on 1/27/14 -- 1592 end ELO
10 Cyber Kong: 127 matches (76-50-1) = 60% win; peak: 1701 on 11/16/14 -- 1542 end ELO
11 Masakatsu Funaki: 86 matches (62-21-3) = 75% win; peak: 1817 on 9/5/14 -- 1739 end ELO
12 Takashi Sugiura: 99 matches (62-36-1) = 63% win; peak: 1719 on 7/19/14 -- 1682 end ELO
13 El Desperado: 98 matches (65-33) = 66% win; peak: 1746 on 10/27/14 -- 1714 end ELO
14 Hiroyoshi Tenzan: 91 matches (65-26) = 71% win; peak: 1806 on 7/19/14 -- 1747 end ELO
15 Takoyakida: 79 matches (50-29) = 63% win; peak: 1840 on 5/25/14 -- 1534 end ELO
16 Takeshi Morishima: 86 matches (53-29-4) = 65% win; peak: 1966 on 11/2/14 -- 1856 end ELO
17 Kazuaki Mihara: 74 matches (57-17) = 77% win; peak: 1616 on 1/25/14 -- 1492 end ELO
18 Kota Ibushi: 93 matches (62-29-2) = 68% win; peak: 1657 on 12/24/14 -- 1657 end ELO
19 Isami Kodaka: 116 matches (83-30-3) = 73% win; peak: 1884 on 12/21/14 -- 1868 end ELO
20 Ultimo Dragon: 77 matches (49-26-2) = 65% win; peak: 1774 on 12/14/14 -- 1763 end ELO
21 Masato Tanaka: 97 matches (62-30-5) = 67% win; peak: 1710 on 2/2/14 -- 1566 end ELO
22 Shingo Takagi: 156 matches (116-40) = 74% win; peak: 1842 on 11/4/14 -- 1667 end ELO
23 Keisuke Ishii: 115 matches (69-44-2) = 61% win; peak: 1874 on 12/24/14 -- 1874 end ELO
24 Ryuji Ito: 108 matches (63-44-1) = 59% win; peak: 1677 on 9/23/14 -- 1628 end ELO
25 HARASHIMA: 86 matches (54-31-1) = 64% win; peak: 1682 on 12/23/14 -- 1666 end ELO
26 Tsutomu Oosugi: 73 matches (49-24) = 67% win; peak: 1883 on 12/23/14 -- 1883 end ELO
27 Kento Miyahara: 95 matches (54-37-4) = 59% win; peak: 1789 on 10/19/14 -- 1688 end ELO
28 Saburo Inematsu: 85 matches (56-28-1) = 67% win; peak: 1951 on 12/21/14 -- 1933 end ELO
29 KUDO: 80 matches (54-26) = 68% win; peak: 1869 on 8/2/14 -- 1768 end ELO
30 Mikey Nicholls: 89 matches (54-35) = 61% win; peak: 1692 on 4/22/14 -- 1557 end ELO
31 Eita: 114 matches (70-39-5) = 64% win; peak: 1870 on 10/27/14 -- 1694 end ELO
32 Masashi Takeda: 81 matches (50-30-1) = 63% win; peak: 1774 on 4/28/14 -- 1621 end ELO
33 Karl Anderson: 100 matches (66-34) = 66% win; peak: 1814 on 9/23/14 -- 1759 end ELO
34 Kotaro Suzuki: 97 matches (57-38-2) = 60% win; peak: 1826 on 12/19/14 -- 1806 end ELO
35 Doc Gallows: 99 matches (64-35) = 65% win; peak: 1584 on 1/11/14 -- 1219 end ELO
36 Uhaa Nation: 69 matches (46-23) = 67% win; peak: 1675 on 3/10/14 -- 1581 end ELO
37 Ryota Hama: 78 matches (50-28) = 64% win; peak: 1740 on 6/16/14 -- 1612 end ELO
38 Hercules Senga: 73 matches (48-25) = 66% win; peak: 1808 on 7/28/14 -- 1677 end ELO
39 MIKAMI: 72 matches (40-29-3) = 58% win; peak: 1807 on 3/20/14 -- 1558 end ELO
40 Minoru Tanaka: 80 matches (51-29) = 64% win; peak: 1830 on 12/23/14 -- 1819 end ELO
41 Ricochet: 53 matches (45-8) = 85% win; peak: 1735 on 12/16/14 -- 1711 end ELO
42 Masato Yoshino: 159 matches (107-51-1) = 68% win; peak: 1711 on 6/7/14 -- 1609 end ELO
43 Takashi Sasaki: 40 matches (18-18-4) = 50% win; peak: 1616 on 1/2/14 -- 1475 end ELO
44 Go Shiozaki: 66 matches (43-20-3) = 68% win; peak: 1703 on 10/4/14 -- 1663 end ELO
45 Akebono: 67 matches (43-24) = 64% win; peak: 1666 on 3/9/14 -- 1632 end ELO
46 Yoshinari Ogawa: 90 matches (57-32-1) = 64% win; peak: 1646 on 8/26/14 -- 1554 end ELO
47 Alex Shelley: 50 matches (28-22) = 56% win; peak: 1584 on 1/2/14 -- 1065 end ELO
48 Shuji Ishikawa: 50 matches (42-7-1) = 86% win; peak: 1724 on 11/29/14 -- 1597 end ELO
49 Atsushi Aoki: 100 matches (62-34-4) = 65% win; peak: 1925 on 12/13/14 -- 1919 end ELO
50 Taiji Ishimori: 97 matches (58-36-3) = 62% win; peak: 1738 on 9/23/14 -- 1659 end ELO
51 Akira Tozawa: 160 matches (112-48) = 70% win; peak: 1674 on 2/11/14 -- 1499 end ELO
52 YAMATO: 161 matches (80-78-3) = 51% win; peak: 1710 on 12/15/14 -- 1696 end ELO
53 BxB Hulk: 158 matches (102-55-1) = 65% win; peak: 1630 on 1/12/14 -- 1168 end ELO
54 Katsuyori Shibata: 63 matches (44-19) = 70% win; peak: 1666 on 12/20/14 -- 1666 end ELO
55 Ikuto Hidaka: 68 matches (39-26-3) = 60% win; peak: 1644 on 2/3/14 -- 1421 end ELO
56 Dragon Kid: 125 matches (72-53) = 58% win; peak: 1875 on 9/13/14 -- 1839 end ELO
57 Gorgeous Matsuno: 15 matches (6-8-1) = 43% win; peak: 1706 on 6/29/14 -- 1688 end ELO
58 Suwama: 95 matches (52-43) = 55% win; peak: 1679 on 4/19/14 -- 1573 end ELO
59 Hiroshi Tanahashi: 120 matches (63-57) = 53% win; peak: 1868 on 7/21/14 -- 1795 end ELO
60 HIROKI: 46 matches (25-17-4) = 60% win; peak: 1760 on 9/7/14 -- 1670 end ELO
61 Kenny Omega: 57 matches (41-14-2) = 75% win; peak: 1685 on 11/16/14 -- 1648 end ELO
62 Konosuke Takeshita: 68 matches (37-29-2) = 56% win; peak: 1709 on 12/3/14 -- 1699 end ELO
63 Joe Doering: 71 matches (39-30-2) = 57% win; peak: 1850 on 6/25/14 -- 1707 end ELO
64 Yoshihiro Takayama: 59 matches (29-29-1) = 50% win; peak: 1790 on 12/23/14 -- 1790 end ELO
65 Seiki Yoshioka: 67 matches (36-30-1) = 55% win; peak: 1823 on 11/30/14 -- 1801 end ELO
66 Jun Kasai: 53 matches (34-18-1) = 65% win; peak: 1715 on 12/21/14 -- 1715 end ELO
67 Maximo: 18 matches (7-11) = 39% win; peak: 1831 on 12/14/14 -- 1831 end ELO
68 Shinjiro Otani: 66 matches (37-28-1) = 57% win; peak: 1817 on 9/11/14 -- 1806 end ELO
69 Ayumu Honda: 19 matches (9-10) = 47% win; peak: 1745 on 11/23/14 -- 1711 end ELO
70 Sanshiro Takagi: 73 matches (38-33-2) = 54% win; peak: 1745 on 4/28/14 -- 1691 end ELO
71 Hideki Suzuki: 48 matches (31-15-2) = 67% win; peak: 1584 on 1/3/14 -- 1026 end ELO
72 Maybach Taniguchi: 101 matches (55-45-1) = 55% win; peak: 1641 on 3/2/14 -- 1456 end ELO
73 Taro Nohashi: 26 matches (12-14) = 46% win; peak: 1802 on 6/6/14 -- 1768 end ELO
74 Hirooki Goto: 102 matches (58-44) = 57% win; peak: 1878 on 12/7/14 -- 1853 end ELO
75 Manabu Soya: 96 matches (58-36-2) = 62% win; peak: 1697 on 3/23/14 -- 1684 end ELO
76 Takeshi Minamino: 63 matches (38-25) = 60% win; peak: 1588 on 1/5/14 -- 1509 end ELO
77 Abdullah Kobayashi: 39 matches (20-19) = 51% win; peak: 1809 on 4/2/14 -- 1752 end ELO
78 Bad Luck Fale: 98 matches (55-43) = 56% win; peak: 1832 on 12/9/14 -- 1803 end ELO
79 Koji Kanemoto: 45 matches (32-13) = 71% win; peak: 1784 on 11/30/14 -- 1712 end ELO
80 Ryo Jimmy Saito: 50 matches (31-19) = 62% win; peak: 1585 on 1/18/14 -- 1496 end ELO
81 Black Buffalo: 62 matches (35-27) = 56% win; peak: 1601 on 1/3/14 -- 1290 end ELO
82 Tigers Mask: 44 matches (21-23) = 48% win; peak: 1788 on 7/23/14 -- 1723 end ELO
83 Fujita Hayato: 45 matches (28-15-2) = 65% win; peak: 1682 on 7/26/14 -- 1630 end ELO
84 Junji Tanaka: 12 matches (3-9) = 25% win; peak: 1745 on 8/17/14 -- 1674 end ELO
85 Bodyguard: 59 matches (31-28) = 53% win; peak: 1894 on 12/24/14 -- 1894 end ELO
86 Johnel Sanders: 16 matches (7-9) = 44% win; peak: 1818 on 11/21/14 -- 1780 end ELO
87 Marines Mask: 30 matches (17-13) = 57% win; peak: 1584 on 1/18/14 -- 1407 end ELO
88 Kenji Fukimoto: 31 matches (12-17-2) = 41% win; peak: 1644 on 6/3/14 -- 1366 end ELO
89 TAKA Michinoku: 137 matches (82-52-3) = 61% win; peak: 1818 on 11/22/14 -- 1797 end ELO
90 Davey Boy Smith Jr: 40 matches (20-20) = 50% win; peak: 1775 on 11/22/14 -- 1740 end ELO
91 Yukio Sakaguchi: 76 matches (43-32-1) = 57% win; peak: 1696 on 10/21/14 -- 1614 end ELO
92 Matt Jackson: 44 matches (27-17) = 61% win; peak: 1655 on 1/19/14 -- 1622 end ELO
93 Lance Archer: 39 matches (18-21) = 46% win; peak: 1690 on 4/27/14 -- 1577 end ELO
94 Naruki Doi: 133 matches (69-64) = 52% win; peak: 1792 on 9/7/14 -- 1688 end ELO
95 Zack Sabre Jr: 65 matches (36-22-7) = 62% win; peak: 1831 on 11/8/14 -- 1820 end ELO
96 Atsushi Maruyama: 42 matches (25-17) = 60% win; peak: 1614 on 1/14/14 -- 1233 end ELO
97 AKIRA: 39 matches (26-12-1) = 68% win; peak: 1847 on 10/26/14 -- 1807 end ELO
98 Ultimate Spider Jr: 39 matches (27-12) = 69% win; peak: 1667 on 9/20/14 -- 1572 end ELO
99 Kamui: 28 matches (11-16-1) = 41% win; peak: 1873 on 10/8/14 -- 1767 end ELO
100 Shiori Asahi: 99 matches (54-44-1) = 55% win; peak: 1812 on 7/21/14 -- 1719 end ELO
101 Tetsuya Naito: 109 matches (61-47-1) = 56% win; peak: 1663 on 2/2/14 -- 1127 end ELO
102 Minoru Fujita: 23 matches (11-11-1) = 50% win; peak: 1723 on 11/7/14 -- 1639 end ELO
103 Great Sasuke: 28 matches (24-3-1) = 89% win; peak: 1720 on 12/20/14 -- 1720 end ELO
104 Shoichi Uchida: 16 matches (6-10) = 38% win; peak: 1849 on 9/21/14 -- 1764 end ELO
105 Tatsuhito Takaiwa: 28 matches (15-12-1) = 56% win; peak: 1611 on 1/20/14 -- 1275 end ELO
106 Winger: 42 matches (25-14-3) = 64% win; peak: 1832 on 9/20/14 -- 1753 end ELO
107 Shuji Kondo: 83 matches (55-27-1) = 67% win; peak: 1647 on 11/29/14 -- 1500 end ELO
108 YASSHI: 47 matches (22-24-1) = 48% win; peak: 1795 on 9/15/14 -- 1781 end ELO
109 Hi69: 19 matches (6-12-1) = 33% win; peak: 1616 on 1/2/14 -- 1255 end ELO
110 Shelton Benjamin: 31 matches (17-14) = 55% win; peak: 1869 on 7/21/14 -- 1814 end ELO
111 Touru Owashi: 42 matches (22-19-1) = 54% win; peak: 1874 on 12/10/14 -- 1848 end ELO
112 TARU: 23 matches (12-11) = 52% win; peak: 1836 on 12/14/14 -- 1820 end ELO
113 Billy Ken Kid: 35 matches (24-11) = 69% win; peak: 1620 on 12/23/14 -- 1620 end ELO
114 AJ Styles: 32 matches (23-9) = 72% win; peak: 1724 on 8/16/14 -- 1637 end ELO
115 KAI: 91 matches (57-29-5) = 66% win; peak: 1857 on 12/7/14 -- 1856 end ELO
116 KENTA: 36 matches (25-10-1) = 71% win; peak: 1682 on 5/31/14 -- 1613 end ELO
117 Katsuhiko Nakajima: 99 matches (50-48-1) = 51% win; peak: 1814 on 8/17/14 -- 1786 end ELO
118 Kaz Hayashi: 80 matches (54-24-2) = 69% win; peak: 1696 on 6/29/14 -- 1580 end ELO
119 Jonah Rock: 21 matches (9-12) = 43% win; peak: 1859 on 12/8/14 -- 1788 end ELO
120 Manjimaru: 29 matches (25-4) = 86% win; peak: 1757 on 7/21/14 -- 1666 end ELO
121 Kenichiro Arai: 39 matches (22-15-2) = 59% win; peak: 1870 on 12/7/14 -- 1870 end ELO
122 Zeus: 83 matches (42-40-1) = 51% win; peak: 1775 on 10/21/14 -- 1751 end ELO
123 KUSHIDA: 88 matches (54-34) = 61% win; peak: 1584 on 1/12/14 -- 1458 end ELO
124 Tsubasa: 25 matches (14-11) = 56% win; peak: 1616 on 1/12/14 -- 1551 end ELO
125 Great Kojika: 31 matches (21-9-1) = 70% win; peak: 1680 on 9/13/14 -- 1569 end ELO
126 Yusuke Kodama: 43 matches (26-16-1) = 62% win; peak: 1584 on 1/12/14 -- 1335 end ELO
127 Brahman Shu: 132 matches (68-59-5) = 54% win; peak: 1763 on 8/26/14 -- 1660 end ELO
128 Shinsuke Nakamura: 112 matches (59-53) = 53% win; peak: 1655 on 4/20/14 -- 1362 end ELO
129 Nick Jackson: 44 matches (26-18) = 59% win; peak: 1695 on 8/20/14 -- 1511 end ELO
130 Toru Owashi: 24 matches (13-10-1) = 57% win; peak: 1796 on 4/13/14 -- 1759 end ELO
131 Saki Akai: 18 matches (9-8-1) = 53% win; peak: 1716 on 9/21/14 -- 1651 end ELO
132 Daisuke Harada: 104 matches (57-47) = 55% win; peak: 1583 on 1/5/14 -- 1151 end ELO
133 Seiya Sanada: 36 matches (20-14-2) = 59% win; peak: 1722 on 12/14/14 -- 1700 end ELO
134 Rob Conway: 18 matches (7-11) = 39% win; peak: 1586 on 1/24/14 -- 1410 end ELO
135 Shane Haste: 94 matches (47-47) = 50% win; peak: 1697 on 12/14/14 -- 1677 end ELO
136 HAYATA: 14 matches (4-10) = 29% win; peak: 1636 on 7/20/14 -- 1553 end ELO
137 MEN's Teioh: 25 matches (14-11) = 56% win; peak: 1774 on 7/16/14 -- 1708 end ELO
138 Gran Haniwa: 13 matches (4-9) = 31% win; peak: 1616 on 1/12/14 -- 1314 end ELO
139 Shinya Ishikawa: 75 matches (41-34) = 55% win; peak: 1673 on 2/22/14 -- 1571 end ELO
140 Mohammed Yone: 97 matches (53-42-2) = 56% win; peak: 1874 on 3/29/14 -- 1780 end ELO
141 Akitoshi Saito: 69 matches (31-38) = 45% win; peak: 1616 on 1/3/14 -- 1209 end ELO
142 TAJIRI: 41 matches (22-19) = 54% win; peak: 1608 on 4/28/14 -- 1492 end ELO
143 Kengo: 24 matches (14-10) = 58% win; peak: 1654 on 5/9/14 -- 1566 end ELO
144 Daigoro Kashiwa: 64 matches (36-28) = 56% win; peak: 1631 on 1/11/14 -- 1486 end ELO
145 Jinsei Shinzaki: 23 matches (13-9-1) = 59% win; peak: 1664 on 2/23/14 -- 1482 end ELO
146 Ryusuke Taguchi: 93 matches (52-41) = 56% win; peak: 1788 on 5/11/14 -- 1696 end ELO
147 Mr 450: 10 matches (2-8) = 20% win; peak: 1724 on 4/18/14 -- 1636 end ELO
148 T-Hawk: 159 matches (90-66-3) = 58% win; peak: 1679 on 12/23/14 -- 1679 end ELO
149 Ryouji Sai: 98 matches (53-42-3) = 56% win; peak: 1788 on 5/11/14 -- 1664 end ELO
150 Shinobu: 42 matches (19-23) = 45% win; peak: 1708 on 5/18/14 -- 1568 end ELO
151 Osamu Nishimura: 37 matches (17-20) = 46% win; peak: 1632 on 1/11/14 -- 1512 end ELO
152 Super Sasadango Machine: 13 matches (5-7-1) = 42% win; peak: 1615 on 1/3/14 -- 1361 end ELO
153 Takao Omori: 100 matches (59-40-1) = 60% win; peak: 1691 on 3/9/14 -- 1654 end ELO
154 Heddi French: 13 matches (6-7) = 46% win; peak: 1583 on 1/12/14 -- 1322 end ELO
155 Daichi Hashimoto: 21 matches (10-11) = 48% win; peak: 1821 on 11/22/14 -- 1768 end ELO
156 Prince Devitt: 21 matches (12-9) = 57% win; peak: 1681 on 3/10/14 -- 1558 end ELO
157 Masato Shibata: 13 matches (4-9) = 31% win; peak: 1584 on 1/12/14 -- 1435 end ELO
158 Kazuchika Okada: 111 matches (54-57) = 49% win; peak: 1584 on 1/14/14 -- 1141 end ELO
159 Kazushi Sakuraba: 25 matches (15-9-1) = 63% win; peak: 1713 on 5/4/14 -- 1682 end ELO
160 Colt Cabana: 20 matches (10-10) = 50% win; peak: 1703 on 7/24/14 -- 1599 end ELO
161 HUB: 28 matches (16-12) = 57% win; peak: 1764 on 12/13/14 -- 1759 end ELO
162 Minoru Suzuki: 104 matches (62-41-1) = 60% win; peak: 1774 on 6/1/14 -- 1676 end ELO
163 Ken45: 28 matches (19-9) = 68% win; peak: 1685 on 3/30/14 -- 1592 end ELO
164 Mammoth Sasaki: 28 matches (18-8-2) = 69% win; peak: 1684 on 5/3/14 -- 1654 end ELO
165 Yapper Man 3: 15 matches (8-7) = 53% win; peak: 1655 on 12/5/14 -- 1639 end ELO
166 Daisuke Ikeda: 30 matches (19-11) = 63% win; peak: 1836 on 12/5/14 -- 1806 end ELO
167 Kesen Numajiro: 21 matches (7-14) = 33% win; peak: 1719 on 12/24/14 -- 1712 end ELO
168 Caramel Boy: 10 matches (3-7) = 30% win; peak: 1584 on 1/2/14 -- 1305 end ELO
169 Kaiju New World: 9 matches (3-6) = 33% win; peak: 1869 on 11/23/14 -- 1859 end ELO
170 Masayuki Mitomi: 10 matches (2-8) = 20% win; peak: 1616 on 1/1/14 -- 1486 end ELO
171 Bobby Fish: 24 matches (15-9) = 63% win; peak: 1672 on 10/25/14 -- 1609 end ELO
172 Yasu Urano: 74 matches (37-37) = 50% win; peak: 1597 on 2/23/14 -- 1586 end ELO
173 Toru Sugiura: 32 matches (13-18-1) = 42% win; peak: 1645 on 8/3/14 -- 1578 end ELO
174 Kotaro Nasu: 24 matches (10-12-2) = 45% win; peak: 1670 on 7/20/14 -- 1474 end ELO
175 Mitsuya Nagai: 58 matches (25-33) = 43% win; peak: 1739 on 10/15/14 -- 1706 end ELO
176 Masaaki Mochizuki: 147 matches (82-64-1) = 56% win; peak: 1616 on 1/3/14 -- 1208 end ELO
177 Hide Kubota: 10 matches (5-5) = 50% win; peak: 1834 on 12/20/14 -- 1834 end ELO
178 Yuji Nagata: 113 matches (51-61-1) = 46% win; peak: 1593 on 7/5/14 -- 1420 end ELO
179 Daisuke Sasaki: 81 matches (44-35-2) = 56% win; peak: 1623 on 12/15/14 -- 1602 end ELO
180 Ricky Fuji: 72 matches (36-34-2) = 51% win; peak: 1584 on 1/3/14 -- 1218 end ELO
181 Masa Takanashi: 74 matches (37-34-3) = 52% win; peak: 1730 on 4/19/14 -- 1689 end ELO
182 Yuichi Taniguchi: 67 matches (38-29) = 57% win; peak: 1584 on 1/14/14 -- 1478 end ELO
183 Antonio Honda: 79 matches (41-37-1) = 53% win; peak: 1712 on 4/26/14 -- 1626 end ELO
184 Yutaka Yoshie: 67 matches (33-33-1) = 50% win; peak: 1646 on 1/12/14 -- 1543 end ELO
185 Tama Williams: 18 matches (10-8) = 56% win; peak: 1599 on 1/18/14 -- 1340 end ELO
186 Taichi: 89 matches (54-34-1) = 61% win; peak: 1730 on 6/29/14 -- 1655 end ELO
187 Big R Shimizu: 21 matches (13-6-2) = 68% win; peak: 1585 on 1/12/14 -- 1452 end ELO
188 Fuego: 23 matches (8-15) = 35% win; peak: 1637 on 7/26/14 -- 1596 end ELO
189 Pesadilla: 22 matches (6-16) = 27% win; peak: 1584 on 1/1/14 -- 1492 end ELO
190 Taiyo Kea: 18 matches (11-7) = 61% win; peak: 1805 on 9/23/14 -- 1788 end ELO
191 Chris Hero: 20 matches (12-8) = 60% win; peak: 1631 on 7/4/14 -- 1539 end ELO
192 Kenbai: 24 matches (7-17) = 29% win; peak: 1584 on 4/6/14 -- 1254 end ELO
193 Yoshinobu Kanemaru: 93 matches (49-43-1) = 53% win; peak: 1584 on 1/2/14 -- 1179 end ELO
194 Masanobu Fuchi: 22 matches (13-8-1) = 62% win; peak: 1624 on 3/21/14 -- 1566 end ELO
195 Mad Man Pondo: 12 matches (3-9) = 25% win; peak: 1631 on 4/23/14 -- 1456 end ELO
196 Naomichi Marufuji: 100 matches (50-49-1) = 51% win; peak: 1601 on 1/3/14 -- 1427 end ELO
197 Rui Hiugaji: 18 matches (6-12) = 33% win; peak: 1885 on 7/20/14 -- 1885 end ELO
198 Yapper Man 1: 26 matches (8-18) = 31% win; peak: 1639 on 2/7/14 -- 1457 end ELO
199 Don Fujii: 108 matches (53-53-2) = 50% win; peak: 1615 on 1/3/14 -- 1432 end ELO
200 Toshiyuki Sakuda: 16 matches (2-12-2) = 14% win; peak: 1586 on 1/13/14 -- 1397 end ELO
201 Jiro Kuroshio: 50 matches (29-21) = 58% win; peak: 1823 on 10/29/14 -- 1754 end ELO
202 La Sombra: 17 matches (10-6-1) = 63% win; peak: 1601 on 1/3/14 -- 1319 end ELO
203 Kendo Kashin: 13 matches (6-6-1) = 50% win; peak: 1791 on 12/6/14 -- 1741 end ELO
204 Tama Tonga: 82 matches (45-37) = 55% win; peak: 1909 on 12/21/14 -- 1909 end ELO
205 Kanjyouro Matsuyama: 70 matches (33-37) = 47% win; peak: 1593 on 7/21/14 -- 1313 end ELO
206 Tomohiro Ishii: 104 matches (48-56) = 46% win; peak: 1642 on 3/9/14 -- 1513 end ELO
207 Hiroshi Fukuda: 28 matches (13-15) = 46% win; peak: 1699 on 10/13/14 -- 1665 end ELO
208 Yapper Man 2: 26 matches (8-18) = 31% win; peak: 1617 on 1/3/14 -- 1460 end ELO
209 K-ness: 49 matches (25-22-2) = 53% win; peak: 1658 on 10/13/14 -- 1542 end ELO
210 Yoshihiro Horaguchi: 26 matches (10-16) = 38% win; peak: 1586 on 4/29/14 -- 1218 end ELO
211 Daemon Ueda: 63 matches (24-36-3) = 40% win; peak: 1734 on 3/1/14 -- 1560 end ELO
212 Ryuichi Kawakami: 116 matches (57-59) = 49% win; peak: 1593 on 7/20/14 -- 1530 end ELO
213 Kengo Mashimo: 110 matches (48-60-2) = 44% win; peak: 1615 on 1/5/14 -- 1306 end ELO
214 Tadasuke: 16 matches (13-3) = 81% win; peak: 1629 on 1/8/14 -- 1530 end ELO
215 Yoshitatsu: 8 matches (0-8) = 0% win; peak: 1795 on 11/13/14 -- 1763 end ELO
216 Kenta Hattori: 15 matches (2-12-1) = 14% win; peak: 1703 on 9/21/14 -- 1614 end ELO
217 Kaji Tomato: 100 matches (55-44-1) = 56% win; peak: 1664 on 3/8/14 -- 1643 end ELO
218 CIMA: 108 matches (51-56-1) = 48% win; peak: 1617 on 1/24/14 -- 1498 end ELO
219 Aoi Ishibashi: 12 matches (3-7-2) = 30% win; peak: 1758 on 10/31/14 -- 1747 end ELO
220 Keiji Muto: 13 matches (12-1) = 92% win; peak: 1729 on 5/6/14 -- 1661 end ELO
221 Hajime Ohara: 101 matches (55-42-4) = 57% win; peak: 1629 on 5/24/14 -- 1398 end ELO
222 Super Crazy: 55 matches (25-27-3) = 48% win; peak: 1631 on 2/3/14 -- 1595 end ELO
223 Rob Terry: 14 matches (13-1) = 93% win; peak: 1748 on 11/8/14 -- 1748 end ELO
224 Atsushi Onita: 14 matches (11-3) = 79% win; peak: 1732 on 11/8/14 -- 1732 end ELO
225 GENTARO: 27 matches (10-15-2) = 40% win; peak: 1605 on 4/26/14 -- 1462 end ELO
226 Kyle O'Reilly: 14 matches (11-3) = 79% win; peak: 1697 on 11/13/14 -- 1598 end ELO
227 Ryuji Hijikata: 48 matches (19-29) = 40% win; peak: 1600 on 1/5/14 -- 1439 end ELO
228 Madoka: 17 matches (7-10) = 41% win; peak: 1593 on 3/14/14 -- 1360 end ELO
229 Matt Taven: 14 matches (8-6) = 57% win; peak: 1746 on 9/4/14 -- 1657 end ELO
230 Rocky Romero: 56 matches (21-35) = 38% win; peak: 1610 on 11/29/14 -- 1602 end ELO
231 Dyna Mido: 10 matches (1-9) = 10% win; peak: 1631 on 8/31/14 -- 1545 end ELO
232 Jax Dane: 16 matches (8-8) = 50% win; peak: 1679 on 3/30/14 -- 1607 end ELO
233 Ricky Marvin: 9 matches (2-7) = 22% win; peak: 1713 on 5/31/14 -- 1680 end ELO
234 Magnitude Kishiwada: 15 matches (10-5) = 67% win; peak: 1750 on 12/14/14 -- 1729 end ELO
235 Masashi Aoyagi: 13 matches (6-6-1) = 50% win; peak: 1616 on 1/11/14 -- 1446 end ELO
236 Gokiburi Mask #1: 12 matches (6-6) = 50% win; peak: 1584 on 1/1/14 -- 1382 end ELO
237 Hoshitango: 17 matches (8-7-2) = 53% win; peak: 1669 on 10/19/14 -- 1620 end ELO
238 Mototsugu Shimizu: 14 matches (1-13) = 7% win; peak: 1636 on 8/24/14 -- 1512 end ELO
239 Kesen Numagirolamo: 8 matches (0-8) = 0% win; peak: 1584 on 1/12/14 -- 1311 end ELO
240 Hiro Tonai: 94 matches (46-44-4) = 51% win; peak: 1674 on 12/3/14 -- 1670 end ELO
241 Jinzo: 23 matches (7-16) = 30% win; peak: 1773 on 4/20/14 -- 1760 end ELO
242 KENSO: 97 matches (44-53) = 45% win; peak: 1585 on 2/2/14 -- 1542 end ELO
243 Yuki Tanaka: 10 matches (4-6) = 40% win; peak: 1701 on 10/29/14 -- 1682 end ELO
244 Ichiro Yaguchi: 10 matches (5-5) = 50% win; peak: 1627 on 12/3/14 -- 1623 end ELO
245 Jimmy Susumu: 155 matches (72-82-1) = 47% win; peak: 1694 on 11/21/14 -- 1647 end ELO
246 Yuji Okabayashi: 14 matches (9-5) = 64% win; peak: 1770 on 11/30/14 -- 1736 end ELO
247 Koji Doi: 40 matches (20-19-1) = 51% win; peak: 1631 on 2/11/14 -- 1557 end ELO
248 Ogyu Yoriaki: 9 matches (0-9) = 0% win; peak: 1739 on 8/26/14 -- 1698 end ELO
249 Brahman Kei: 134 matches (67-61-6) = 52% win; peak: 1614 on 3/30/14 -- 1387 end ELO
250 Eisa8: 11 matches (5-6) = 45% win; peak: 1774 on 5/17/14 -- 1774 end ELO
251 Sakigake: 15 matches (10-5) = 67% win; peak: 1578 on 7/22/14 -- 1419 end ELO
252 Golden Dragon: 8 matches (2-6) = 25% win; peak: 1585 on 8/16/14 -- 1378 end ELO
253 Jason Lee: 50 matches (19-28-3) = 40% win; peak: 1584 on 1/1/14 -- 1552 end ELO
254 Akito: 76 matches (37-39) = 49% win; peak: 1746 on 12/6/14 -- 1746 end ELO
255 Masayuki Kono: 76 matches (29-46-1) = 39% win; peak: 1600 on 1/30/14 -- 1423 end ELO
256 Tyson Dux: 8 matches (1-7) = 13% win; peak: 1613 on 4/29/14 -- 1575 end ELO
257 Shun Miyatake: 13 matches (2-9-2) = 18% win; peak: 1584 on 1/11/14 -- 1510 end ELO
258 Jushin Thunder Liger: 109 matches (54-53-2) = 50% win; peak: 1787 on 12/3/14 -- 1778 end ELO
259 Yuki Sato: 42 matches (19-21-2) = 48% win; peak: 1670 on 3/22/14 -- 1583 end ELO
260 Quiet Storm: 130 matches (77-53) = 59% win; peak: 1586 on 3/30/14 -- 1259 end ELO
261 Shawn Guinness: 9 matches (2-7) = 22% win; peak: 1616 on 1/8/14 -- 1575 end ELO
262 Michael Bennett: 15 matches (9-6) = 60% win; peak: 1769 on 5/28/14 -- 1694 end ELO
263 Guanchulo: 19 matches (2-17) = 11% win; peak: 1587 on 1/8/14 -- 1336 end ELO
264 La Panda: 8 matches (2-6) = 25% win; peak: 1663 on 8/6/14 -- 1594 end ELO
265 Rocky Lobo: 23 matches (5-18) = 22% win; peak: 1584 on 1/11/14 -- 1352 end ELO
266 Tiger Mask: 92 matches (44-48) = 48% win; peak: 1722 on 7/21/14 -- 1637 end ELO
267 Jon Bolen: 8 matches (1-7) = 13% win; peak: 1789 on 12/12/14 -- 1789 end ELO
268 Meirii: 7 matches (1-6) = 14% win; peak: 1687 on 9/23/14 -- 1646 end ELO
269 Tetsuya Endo: 73 matches (35-37-1) = 49% win; peak: 1617 on 4/19/14 -- 1447 end ELO
270 Hideki Shiota: 7 matches (0-7) = 0% win; peak: 1616 on 1/8/14 -- 1553 end ELO
271 Shinya Ishida: 8 matches (3-5) = 38% win; peak: 1734 on 12/10/14 -- 1734 end ELO
272 Yujiro Takahashi: 100 matches (50-50) = 50% win; peak: 1708 on 10/13/14 -- 1648 end ELO
273 Togi Makabe: 101 matches (46-55) = 46% win; peak: 1850 on 12/12/14 -- 1850 end ELO
274 Rasse: 28 matches (7-21) = 25% win; peak: 1618 on 9/20/14 -- 1610 end ELO
275 Yun Gang Chul: 12 matches (9-3) = 75% win; peak: 1683 on 7/12/14 -- 1652 end ELO
276 NASU Banderas: 13 matches (8-5) = 62% win; peak: 1662 on 8/3/14 -- 1501 end ELO
277 Risa Sera: 9 matches (4-5) = 44% win; peak: 1602 on 2/15/14 -- 1500 end ELO
278 Gabaiji-chan: 8 matches (1-7) = 13% win; peak: 1604 on 3/22/14 -- 1503 end ELO
279 Okonomiyakida: 10 matches (4-6) = 40% win; peak: 1616 on 1/11/14 -- 1586 end ELO
280 Night Scooper Hiroshi: 7 matches (1-6) = 14% win; peak: 1609 on 8/17/14 -- 1491 end ELO
281 Kinya Oyanagi: 23 matches (7-15-1) = 32% win; peak: 1576 on 8/24/14 -- 1361 end ELO
282 Kazushi Miyamoto: 11 matches (8-3) = 73% win; peak: 1675 on 10/17/14 -- 1648 end ELO
283 Bull Armor TAKUYA: 9 matches (2-7) = 22% win; peak: 1587 on 1/8/14 -- 1433 end ELO
284 Masato Inaba: 105 matches (48-57) = 46% win; peak: 1732 on 12/19/14 -- 1720 end ELO
285 Rionne Fujiwara: 23 matches (5-18) = 22% win; peak: 1660 on 11/21/14 -- 1660 end ELO
286 SUSUMU: 39 matches (15-23-1) = 39% win; peak: 1656 on 11/9/14 -- 1649 end ELO
287 TEPPEI: 9 matches (5-4) = 56% win; peak: 1599 on 2/1/14 -- 1565 end ELO
288 Takeshi Irei: 25 matches (3-22) = 12% win; peak: 1700 on 11/24/14 -- 1636 end ELO
289 Atsushi Kotoge: 103 matches (47-54-2) = 47% win; peak: 1607 on 3/23/14 -- 1512 end ELO
290 Yuhi: 7 matches (1-6) = 14% win; peak: 1676 on 11/8/14 -- 1676 end ELO
291 Gurukun Mask: 10 matches (8-2) = 80% win; peak: 1591 on 6/21/14 -- 1430 end ELO
292 Koharu Hinata: 5 matches (0-5) = 0% win; peak: 1611 on 7/21/14 -- 1363 end ELO
293 Antonio De Luca: 5 matches (0-5) = 0% win; peak: 1660 on 12/11/14 -- 1621 end ELO
294 Buffalo: 10 matches (4-6) = 40% win; peak: 1624 on 10/29/14 -- 1617 end ELO
295 Yuji Yoshida: 6 matches (0-6) = 0% win; peak: 1583 on 1/11/14 -- 1526 end ELO
296 Makoto Oishi: 85 matches (36-46-3) = 44% win; peak: 1654 on 4/27/14 -- 1643 end ELO
297 Danshoku Dino: 76 matches (31-42-3) = 42% win; peak: 1617 on 1/17/14 -- 1479 end ELO
298 Kazuki Hashimoto: 127 matches (61-65-1) = 48% win; peak: 1603 on 6/21/14 -- 1438 end ELO
299 Tatsumi Fujinami: 9 matches (7-1-1) = 88% win; peak: 1584 on 1/15/14 -- 1376 end ELO
300 Rene Dupree: 45 matches (12-33) = 27% win; peak: 1609 on 10/12/14 -- 1465 end ELO
301 Shuu Shibutani: 9 matches (5-4) = 56% win; peak: 1669 on 4/27/14 -- 1620 end ELO
302 Matt Striker: 9 matches (5-4) = 56% win; peak: 1632 on 4/29/14 -- 1524 end ELO
303 Moonshine Mantel: 12 matches (6-5-1) = 55% win; peak: 1689 on 3/19/14 -- 1629 end ELO
304 Daichi Sasaki: 32 matches (10-21-1) = 32% win; peak: 1618 on 1/20/14 -- 1558 end ELO
305 KAMIKAZE: 59 matches (19-36-4) = 35% win; peak: 1687 on 12/21/14 -- 1687 end ELO
306 Bear Fukuda: 10 matches (3-7) = 30% win; peak: 1617 on 3/2/14 -- 1597 end ELO
307 Tiger Ali: 10 matches (5-5) = 50% win; peak: 1680 on 11/4/14 -- 1675 end ELO
308 Super Tiger: 7 matches (7-0) = 100% win; peak: 1633 on 11/8/14 -- 1633 end ELO
309 Toru Yano: 102 matches (39-62-1) = 39% win; peak: 1610 on 10/16/14 -- 1512 end ELO
310 Don Fuji: 8 matches (2-6) = 25% win; peak: 1628 on 10/19/14 -- 1599 end ELO
311 Hideki Hosaka: 9 matches (6-3) = 67% win; peak: 1602 on 1/3/14 -- 1414 end ELO
312 Kuishinbo Kamen: 35 matches (13-21-1) = 38% win; peak: 1601 on 1/5/14 -- 1567 end ELO
313 Super Shisa: 41 matches (13-27-1) = 33% win; peak: 1630 on 10/26/14 -- 1600 end ELO
314 Koji Iwamoto: 7 matches (2-4-1) = 33% win; peak: 1660 on 6/1/14 -- 1637 end ELO
315 Xtra Large: 22 matches (0-22) = 0% win; peak: 1693 on 8/26/14 -- 1640 end ELO
316 Green Ant: 7 matches (6-1) = 86% win; peak: 1624 on 8/30/14 -- 1568 end ELO
317 Ryuichi Sekine: 110 matches (57-50-3) = 53% win; peak: 1616 on 1/14/14 -- 1548 end ELO
318 Jimmy Kagetora: 117 matches (52-64-1) = 45% win; peak: 1630 on 1/16/14 -- 1402 end ELO
319 AK: 6 matches (0-6) = 0% win; peak: 1678 on 1/26/14 -- 1573 end ELO
320 Makoto Renka: 8 matches (4-4) = 50% win; peak: 1668 on 12/2/14 -- 1647 end ELO
321 Tsukasa Fujimoto: 7 matches (6-1) = 86% win; peak: 1649 on 8/31/14 -- 1615 end ELO
322 Tomoya Kawamura: 5 matches (0-5) = 0% win; peak: 1624 on 4/13/14 -- 1533 end ELO
323 Isamu Oshita: 49 matches (20-24-5) = 45% win; peak: 1600 on 7/20/14 -- 1436 end ELO
324 Naoki Setoguchi: 65 matches (27-38) = 42% win; peak: 1711 on 2/23/14 -- 1711 end ELO
325 Masao Ando: 6 matches (1-5) = 17% win; peak: 1641 on 11/30/14 -- 1623 end ELO
326 Kota Umeda: 5 matches (1-4) = 20% win; peak: 1626 on 1/17/14 -- 1577 end ELO
327 Yasufumi Nakanoue: 77 matches (34-43) = 44% win; peak: 1643 on 10/13/14 -- 1619 end ELO
328 Chihiro Tominaga: 18 matches (2-14-2) = 13% win; peak: 1666 on 9/15/14 -- 1660 end ELO
329 Keizo Matsuda: 7 matches (6-1) = 86% win; peak: 1664 on 10/21/14 -- 1649 end ELO
330 Mr Kyu Kyu Naoki Tanizaki Toyonaka Dolphin: 124 matches (52-69-3) = 43% win; peak: 1655 on 11/28/14 -- 1630 end ELO
331 Daisuke: 6 matches (3-3) = 50% win; peak: 1584 on 2/28/14 -- 1481 end ELO
332 LEONA: 10 matches (7-3) = 70% win; peak: 1616 on 1/3/14 -- 1552 end ELO
333 Mascara Dorada: 44 matches (16-28) = 36% win; peak: 1738 on 3/22/14 -- 1738 end ELO
334 Ophidian: 7 matches (5-2) = 71% win; peak: 1676 on 1/18/14 -- 1662 end ELO
335 Kenichi Fujii: 6 matches (0-6) = 0% win; peak: 1642 on 11/28/14 -- 1618 end ELO
336 Tatsuhiko Yoshino: 7 matches (4-3) = 57% win; peak: 1584 on 1/2/14 -- 1422 end ELO
337 Genki Horiguchi HAGeeMee: 140 matches (62-77-1) = 45% win; peak: 1701 on 11/8/14 -- 1701 end ELO
338 Daisuke Masaoka: 33 matches (6-25-2) = 19% win; peak: 1702 on 12/6/14 -- 1696 end ELO
339 Ebessan: 50 matches (18-32) = 36% win; peak: 1601 on 2/2/14 -- 1522 end ELO
340 Shiro Koshinaka: 7 matches (6-1) = 86% win; peak: 1583 on 3/21/14 -- 1516 end ELO
341 Tadanobu Fujisawa: 7 matches (4-3) = 57% win; peak: 1608 on 7/27/14 -- 1580 end ELO
342 Takumi Tsukamoto: 53 matches (20-32-1) = 38% win; peak: 1624 on 4/12/14 -- 1536 end ELO
343 Shunma Katsumata: 36 matches (6-26-4) = 19% win; peak: 1651 on 5/3/14 -- 1616 end ELO
344 Aja Kong: 9 matches (5-3-1) = 63% win; peak: 1601 on 12/11/14 -- 1580 end ELO
345 HANZO: 7 matches (6-1) = 86% win; peak: 1631 on 4/23/14 -- 1607 end ELO
346 Yasu Kubota: 8 matches (6-2) = 75% win; peak: 1737 on 12/22/14 -- 1737 end ELO
347 Alex Koslov: 55 matches (17-38) = 31% win; peak: 1617 on 10/13/14 -- 1574 end ELO
348 Karate Brahman: 8 matches (2-3-3) = 40% win; peak: 1618 on 1/9/14 -- 1532 end ELO
349 Takuya Sugawara: 65 matches (21-40-4) = 34% win; peak: 1690 on 3/28/14 -- 1676 end ELO
350 Rey Paloma: 7 matches (5-2) = 71% win; peak: 1608 on 7/21/14 -- 1498 end ELO
351 Miss Mongol: 5 matches (2-3) = 40% win; peak: 1665 on 6/16/14 -- 1619 end ELO
352 Yoshikazu Yokoyama: 72 matches (27-42-3) = 39% win; peak: 1585 on 4/10/14 -- 1528 end ELO
353 Hiroshi Yamato: 79 matches (34-43-2) = 44% win; peak: 1584 on 1/19/14 -- 1527 end ELO
354 Titan: 5 matches (2-3) = 40% win; peak: 1615 on 2/20/14 -- 1593 end ELO
355 Takashi Iizuka: 87 matches (42-44-1) = 49% win; peak: 1698 on 3/2/14 -- 1658 end ELO
356 Rey Escorpion: 5 matches (2-3) = 40% win; peak: 1619 on 3/22/14 -- 1583 end ELO
357 Kengo Takai: 6 matches (2-4) = 33% win; peak: 1601 on 7/12/14 -- 1561 end ELO
358 Tsuyoshi Kikuchi: 5 matches (1-4) = 20% win; peak: 1625 on 5/5/14 -- 1608 end ELO
359 Tida Heat: 5 matches (2-3) = 40% win; peak: 1592 on 7/26/14 -- 1579 end ELO
360 Ayumu Gunji: 30 matches (3-26-1) = 10% win; peak: 1621 on 11/2/14 -- 1621 end ELO
361 Tank Nagai: 104 matches (42-58-4) = 42% win; peak: 1615 on 1/16/14 -- 1507 end ELO
362 Yusaku Obata: 63 matches (28-34-1) = 45% win; peak: 1587 on 3/4/14 -- 1515 end ELO
363 Great Muta: 5 matches (5-0) = 100% win; peak: 1629 on 5/11/14 -- 1595 end ELO
364 Kaori Yoneyama: 8 matches (4-3-1) = 57% win; peak: 1612 on 9/25/14 -- 1581 end ELO
365 Yuto Aijima: 7 matches (5-2) = 71% win; peak: 1627 on 2/27/14 -- 1574 end ELO
366 Tiran Shisa: 26 matches (3-23) = 12% win; peak: 1576 on 4/14/14 -- 1570 end ELO
367 Mephisto: 5 matches (2-3) = 40% win; peak: 1678 on 10/19/14 -- 1678 end ELO
368 Jado: 43 matches (11-32) = 26% win; peak: 1586 on 4/29/14 -- 1554 end ELO
369 MIYAWAKI: 6 matches (5-1) = 83% win; peak: 1584 on 2/2/14 -- 1480 end ELO
370 YOSHIHIKO: 7 matches (3-3-1) = 50% win; peak: 1585 on 1/15/14 -- 1530 end ELO
371 Mikey Broderick: 7 matches (5-2) = 71% win; peak: 1594 on 10/19/14 -- 1594 end ELO
372 Fairy Nihonbashi: 7 matches (5-2) = 71% win; peak: 1680 on 12/1/14 -- 1680 end ELO
373 Yohei Nakajima: 35 matches (9-26) = 26% win; peak: 1658 on 2/23/14 -- 1603 end ELO
374 YO-HEY: 6 matches (1-5) = 17% win; peak: 1623 on 5/18/14 -- 1621 end ELO
375 Bambikiller: 7 matches (4-3) = 57% win; peak: 1582 on 3/30/14 -- 1528 end ELO
376 Andy Wu: 74 matches (37-37) = 50% win; peak: 1614 on 4/29/14 -- 1554 end ELO
377 Pan'nyan: 7 matches (5-1-1) = 83% win; peak: 1616 on 7/19/14 -- 1613 end ELO
378 Yumemaru-kun: 30 matches (1-29) = 3% win; peak: 1588 on 1/10/14 -- 1495 end ELO
379 El Hijo del Pantera: 45 matches (17-28) = 38% win; peak: 1586 on 1/5/14 -- 1544 end ELO
380 Kana: 5 matches (5-0) = 100% win; peak: 1653 on 9/28/14 -- 1636 end ELO
381 Leon van Gasteren: 7 matches (5-2) = 71% win; peak: 1631 on 7/25/14 -- 1628 end ELO
382 Kazusada Higuchi: 5 matches (5-0) = 100% win; peak: 1588 on 11/8/14 -- 1482 end ELO
383 Ryota Nakatsu: 5 matches (2-3) = 40% win; peak: 1600 on 1/3/14 -- 1520 end ELO
384 Hikaru Shida: 5 matches (2-3) = 40% win; peak: 1640 on 12/11/14 -- 1640 end ELO
385 Misaki Ohata: 5 matches (2-3) = 40% win; peak: 1610 on 1/19/14 -- 1562 end ELO
386 OKUMURA: 5 matches (2-3) = 40% win; peak: 1624 on 8/16/14 -- 1592 end ELO
387 Kankuro Hoshino: 114 matches (48-66) = 42% win; peak: 1616 on 2/28/14 -- 1545 end ELO
388 Bambi: 74 matches (29-42-3) = 41% win; peak: 1583 on 1/11/14 -- 1478 end ELO
389 Kameshi: 6 matches (1-5) = 17% win; peak: 1616 on 1/8/14 -- 1583 end ELO
390 Tsukushi: 6 matches (3-3) = 50% win; peak: 1636 on 7/26/14 -- 1584 end ELO
391 Kazuki Hirata: 53 matches (17-35-1) = 33% win; peak: 1584 on 1/2/14 -- 1517 end ELO
392 Gamma: 140 matches (63-76-1) = 45% win; peak: 1597 on 6/21/14 -- 1573 end ELO
393 Hamuko Hoshi: 5 matches (3-2) = 60% win; peak: 1583 on 1/19/14 -- 1522 end ELO
394 DJ Hyde: 5 matches (3-2) = 60% win; peak: 1601 on 5/19/14 -- 1542 end ELO
395 Daniel Gracie: 5 matches (3-2) = 60% win; peak: 1584 on 3/9/14 -- 1531 end ELO
396 DJ Nira: 54 matches (14-35-5) = 29% win; peak: 1615 on 1/8/14 -- 1602 end ELO
397 Rolles Gracie: 5 matches (3-2) = 60% win; peak: 1699 on 6/21/14 -- 1699 end ELO
398 Toshiyuki Sakuta: 35 matches (9-25-1) = 26% win; peak: 1619 on 12/23/14 -- 1619 end ELO
399 Katsumi Oribe: 41 matches (4-37) = 10% win; peak: 1634 on 9/14/14 -- 1597 end ELO
400 Toby Blunt: 5 matches (1-4) = 20% win; peak: 1665 on 12/24/14 -- 1665 end ELO