{"id":2431,"date":"2022-05-20T06:35:58","date_gmt":"2022-05-19T21:35:58","guid":{"rendered":"https:\/\/official.gfs.tokyo\/blog\/?p=2431"},"modified":"2025-01-19T12:11:41","modified_gmt":"2025-01-19T03:11:41","slug":"stock-roe","status":"publish","type":"post","link":"https:\/\/official.gfs.tokyo\/blog\/stock-roe","title":{"rendered":"\u682a\u5f0f\u6295\u8cc7\u306b\u5f79\u7acb\u3064ROE\u3068\u306f\uff1f\u521d\u5fc3\u8005\u304c\u30de\u30b9\u30bf\u30fc\u3059\u308b\u3079\u304d\u898b\u65b9\u30fb\u4f7f\u3044\u65b9\u30fb\u6ce8\u610f\u70b9\u3092\u89e3\u8aac"},"content":{"rendered":"<p><strong>\u300c\u682a\u5f0f\u6295\u8cc7\u3067ROE\u3068\u3044\u3046\u6307\u6a19\u3092\u898b\u308b\u3051\u3069\u3001ROE\u3063\u3066\u4f55\u306e\u3053\u3068\uff1f\u300d<\/strong><br \/>\n<strong>\u300cROE\u3063\u3066\u4f55\u306e\u305f\u3081\u306b\u4f7f\u3046\u306e\uff1f\u5fc5\u8981\u306a\u306e\uff1f\u300d<\/strong><\/p>\n<p>\u682a\u5f0f\u6295\u8cc7\u3092\u59cb\u3081\u305f\u3070\u304b\u308a\u3060\u3068\u3053\u3093\u306a\u7591\u554f\u3092\u62b1\u304f\u3053\u3068\u3082\u3042\u308b\u306e\u3067\u306f\u306a\u3044\u3067\u3057\u3087\u3046\u304b\u3002<\/p>\n<p>ROE\u3068\u306f\u300c\u81ea\u5df1\u8cc7\u672c\u5229\u76ca\u7387\uff08Return On Equity\uff09\u300d\u3068\u3044\u3044\u3001\u4e3b\u306b\u682a\u4e3b\u304c\u6295\u8cc7\u3057\u305f\u8cc7\u672c\u3067\u4f1a\u793e\u304c\u3069\u308c\u3060\u3051\u5229\u76ca\u3092\u4e0a\u3052\u3066\u3044\u308b\u304b\u3092\u793a\u3057\u307e\u3059\u3002\u4f1a\u793e\u306e\u7d4c\u55b6\u306e\u52b9\u7387\u6027\u3092\u793a\u3059\u6307\u6a19\u3067\u3059\u3002<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image1-3.png\" alt=\"ROE\uff08\u81ea\u5df1\u8cc7\u672c\u5229\u76ca\u7387\uff09\u3068\u306f\uff1f\" width=\"1240\" height=\"448\" class=\"aligncenter wp-image-2432 size-full\" srcset=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image1-3.png 1240w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image1-3-300x108.png 300w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image1-3-1024x370.png 1024w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image1-3-768x277.png 768w\" sizes=\"(max-width: 1240px) 100vw, 1240px\" \/><\/p>\n<p>ROE\u306f\u6570\u5024\u304c\u9ad8\u3044\u307b\u3069\u3001\u6295\u8cc7\u5bb6\u304c\u6295\u8cc7\u3057\u305f\u984d\u306b\u5bfe\u3057\u3066\u52b9\u7387\u7684\u306b\u5229\u76ca\u3092\u4e0a\u3052\u3066\u3044\u308b\u3068\u8a00\u3048\u308b\u305f\u3081\u3001\u6295\u8cc7\u5bb6\u304c\u6ce8\u76ee\u3059\u308b\u6307\u6a19\u3067\u3059\u3002<\/p>\n<p>ROE\u306f\u6295\u8cc7\u5224\u65ad\u306b\u5f79\u7acb\u3064\u305f\u3081\u3001\u898b\u65b9\u30fb\u4f7f\u3044\u65b9\u3092\u30de\u30b9\u30bf\u30fc\u3057\u3066\u305c\u3072\u6d3b\u7528\u3059\u308b\u3088\u3046\u306b\u3057\u307e\u3057\u3087\u3046\u3002<\/p>\n<p>\u7279\u306bROE\u306f\u9577\u671f\u6295\u8cc7\u306b\u6709\u52b9\u3067\u3001\u4e0b\u8a18\u306e\u3088\u3046\u306a\u4eba\u306f\u4f7f\u3046\u3053\u3068\u3092\u304a\u3059\u3059\u3081\u3057\u307e\u3059\u3002<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image2-1.png\" alt=\"\" width=\"1335\" height=\"457\" class=\"aligncenter size-full wp-image-2433\" srcset=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image2-1.png 1335w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image2-1-300x103.png 300w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image2-1-1024x351.png 1024w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image2-1-768x263.png 768w\" sizes=\"(max-width: 1335px) 100vw, 1335px\" \/><\/p>\n<p>\u305f\u3060\u3057\u3001\u5229\u7528\u306e\u969b\u306b\u306f\u3044\u304f\u3064\u304b\u306e\u6ce8\u610f\u70b9\u304c\u3042\u308b\u305f\u3081\u3001\u6b63\u3057\u3044\u5229\u7528\u65b9\u6cd5\u3092\u628a\u63e1\u3059\u308b\u3088\u3046\u306b\u3057\u307e\u3057\u3087\u3046\u3002<\/p>\n<p>\u682a\u521d\u5fc3\u8005\u306e\u65b9\u5411\u3051\u306b\u3001\u682a\u306e\u6b63\u3057\u3044\u77e5\u8b58\u3084\u6210\u529f\u3059\u308b\u30dd\u30a4\u30f3\u30c8\u3092\u89e3\u8aac\u3057\u3066\u3044\u308b\u8a18\u4e8b\u3082\u3042\u308b\u306e\u3067\u3001\u6c17\u306b\u306a\u308b\u65b9\u306f\u53c2\u8003\u306b\u3057\u3066\u307f\u3066\u304f\u3060\u3055\u3044\u3002<br \/>\n<a href=\"https:\/\/official.gfs.tokyo\/blog\/stock-investment-beginner\">\u521d\u5fc3\u8005\u3067\u3082\u3067\u304d\u308b\uff01\u682a\u5f0f\u6295\u8cc7\u3067\u6210\u679c\u3092\u3060\u305b\u308b\u3088\u3046\u306b\u306a\u308b\u305f\u3081\u306e\u738b\u9053\u306e\u65b9\u6cd5<\/a><\/p>\n<p><span style=\"font-size: 14pt;\">\u25bc\u3053\u306e\u8a18\u4e8b\u3067\u5206\u304b\u308b\u3053\u3068<\/span><\/p>\n<ul>\n<li>ROE\u3068\u306f<\/li>\n<li>ROE\u306f\u9577\u671f\u6295\u8cc7\u306e\u305f\u3081\u306b\u91cd\u8981\u306a\u6307\u6a19<\/li>\n<li>ROE\u306e\u898b\u65b9\u30fb\u4f7f\u3044\u65b9<\/li>\n<li>ROE\u3092\u4f7f\u3063\u3066\u682a\u306e\u53d6\u308a\u5f15\u304d\u3092\u3059\u308b\u3079\u304d\u4eba<\/li>\n<li>ROE\u3092\u4f7f\u3046\u4e0a\u3067\u306e\u6ce8\u610f\u70b9<\/li>\n<li>ROE\u3068\u4f75\u305b\u3066\u4f7f\u3046\u3079\u304d\u6307\u6a19<\/li>\n<\/ul>\n<p>\u6700\u5f8c\u307e\u3067\u8aad\u3080\u3053\u3068\u3067\u3001ROE\u3068\u4f75\u305b\u3066\u4f7f\u3046\u3079\u304d\u88dc\u5b8c\u7684\u306a\u6307\u6a19\u3082\u5206\u304b\u308b\u305f\u3081\u3001\u305c\u3072\u6700\u5f8c\u307e\u3067\u76ee\u3092\u901a\u3057\u3001\u9298\u67c4\u9078\u3073\u306b\u5f79\u7acb\u3066\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>\u306a\u304a\u3001\u4e0b\u8a18\u306e\u8a18\u4e8b\u3067\u306f\u300c\u4f01\u696d\u5206\u6790\u300d\u300c\u9298\u67c4\u306e\u9078\u3073\u65b9\u300d\u300c\u51fa\u53e3\u6226\u7565\u300d\u306a\u3069\u682a\u5f0f\u6295\u8cc7\u3067\u5229\u76ca\u3092\u51fa\u3059\u305f\u3081\u306b\u5fc5\u8981\u306a\u77e5\u8b58\u3092\u57fa\u790e\u304b\u3089\u5b9f\u8df5\u307e\u3067\u30b9\u30c6\u30c3\u30d7\u5f62\u5f0f\u3067\u7d39\u4ecb\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p class=\"emphasize-link\"><a href=\"https:\/\/official.gfs.tokyo\/blog\/studying-investments\">\u3010\u6295\u8cc7\u306e\u52c9\u5f37\u3011\u521d\u5fc3\u8005\u306f\u3053\u308c\u3060\u3051\u3067OK\uff01\u4f55\u304b\u3089\u3069\u3093\u306a\u65b9\u6cd5\u3067\u3059\u308b\u3079\u304d\u304b\u3092\u5b8c\u5168\u7406\u89e3<\/a><\/p>\n<div class=\"attention a-1\">\n<p style=\"text-align: left;\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/03\/yuichiro_ichikawa.jpg\" alt=\"\u76e3\u4fee\u8005\uff1a\u5e02\u5ddd\u96c4\u4e00\u90ce\" width=\"110\" height=\"110\" class=\"wp-image-2102 alignnone\" srcset=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/03\/yuichiro_ichikawa.jpg 700w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/03\/yuichiro_ichikawa-300x300.jpg 300w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/03\/yuichiro_ichikawa-150x150.jpg 150w\" sizes=\"(max-width: 110px) 100vw, 110px\" \/>\u3000<strong>\u76e3\u4fee\u8005\uff1a\u5e02\u5ddd\u96c4\u4e00\u90ce\u3000<\/strong><br \/>\n<span style=\"font-size: 10pt;\"><a href=\"https:\/\/official.gfs.tokyo\/\">GFS<\/a>\u6821\u9577\u3002CFP\u00ae\u30021\u7d1a\u30d5\u30a1\u30a4\u30ca\u30f3\u30b7\u30e3\u30eb\u30fb\u30d7\u30e9\u30f3\u30cb\u30f3\u30b0\u6280\u80fd\u58eb(\u8cc7\u7523\u8a2d\u8a08\u63d0\u6848\u696d\u52d9)\u3002<a href=\"https:\/\/www.jafp.or.jp\/\">\u65e5\u672cFP\u5354\u4f1a<\/a>\u4f1a\u54e1\u3002\u65e5\u672cFP\u5b66\u4f1a\u4f1a\u54e1\u3002\u00a0<a href=\"https:\/\/mba.globis.ac.jp\/\">\u30b0\u30ed\u30fc\u30d3\u30b9\u7d4c\u55b6\u5927\u5b66\u9662<\/a>\u4fee\u4e86(MBA\/\u7d4c\u55b6\u5b66\u4fee\u58eb)\u3002<\/span><br \/>\n<span style=\"font-size: 10pt;\">\u65e5\u672c\u306eFP\u306e\u5148\u99c6\u8005\u3068\u3057\u3066\u8cc7\u7523\u904b\u7528\u306e\u5553\u8499\u306b\u5f93\u4e8b\u3002\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u30b0\u30eb\u30fc\u30d7\u304c\u5275\u8a2d\u3057\u305f\u79c1\u7acb<a href=\"https:\/\/www.cyber-u.ac.jp\/teacher\/ichikawa_yuichiro.html\">\u30b5\u30a4\u30d0\u30fc\u5927\u5b66<\/a>\u3067\u6559\u97ad\u3092\u57f7\u308b\u307b\u304b\u3001\u8b1b\u6f14\u4f9d\u983c\u3001\u30e1\u30c7\u30a3\u30a2\u51fa\u6f14\u3082\u591a\u6570\u3002\u8457\u66f8\u306b<a href=\"https:\/\/www.amazon.co.jp\/%E6%8A%95%E8%B3%87%E3%81%A7%E5%88%A9%E7%9B%8A%E3%82%92%E5%87%BA%E3%81%97%E3%81%A6%E3%81%84%E3%82%8B%E4%BA%BA%E3%81%9F%E3%81%A1%E3%81%8C%E5%A4%A7%E4%BA%8B%E3%81%AB%E3%81%97%E3%81%A6%E3%81%84%E3%82%8B-45%E3%81%AE%E6%95%99%E3%81%88-%E5%B8%82%E5%B7%9D-%E9%9B%84%E4%B8%80%E9%83%8E\/dp\/4532358825\">\u300c\u6295\u8cc7\u3067\u5229\u76ca\u3092\u51fa\u3057\u3066\u3044\u308b\u4eba\u305f\u3061\u304c\u5927\u4e8b\u306b\u3057\u3066\u3044\u308b 45\u306e\u6559\u3048\u300d\uff08\u65e5\u672c\u7d4c\u6e08\u65b0\u805e\u51fa\u7248\uff09<\/a><\/span><\/p>\n<p style=\"text-align: left;\"><span style=\"font-size: 10pt;\">\u516c\u5f0fX \u30a2\u30ab\u30a6\u30f3\u30c8\u3000<a href=\"https:\/\/twitter.com\/ichikawa_toushi\">\u5e02\u5ddd\u96c4\u4e00\u90ce@\u304a\u91d1\u306e\u5b66\u6821 \u6821\u9577<\/a><\/span><\/p>\n<\/div>\n<h2>1. ROE\uff08\u81ea\u5df1\u8cc7\u672c\u5229\u76ca\u7387\uff09\u3068\u306f\u4f1a\u793e\u306e\u7a3c\u3050\u529b\u3092\u6e2c\u308b\u682a\u306e\u6307\u6a19<\/h2>\n<p><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image4-1.jpg\" alt=\"\" width=\"1000\" height=\"631\" class=\"aligncenter size-full wp-image-2434\" srcset=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image4-1.jpg 1000w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image4-1-300x189.jpg 300w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image4-1-768x485.jpg 768w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image4-1-767x483.jpg 767w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><\/p>\n<p>\u5192\u982d\u3067\u3082\u7d39\u4ecb\u3057\u307e\u3057\u305f\u304c\u3001ROE\u3068\u306f\u3001\u81ea\u5df1\u8cc7\u672c\u5229\u76ca\u7387\u3068\u3044\u3044\u3001\u4f1a\u793e\u304c\u81ea\u5df1\u8cc7\u672c\u3067\u3069\u308c\u304f\u3089\u3044\u306e\u5229\u76ca\u3092\u4e0a\u3052\u305f\u304b\u6e2c\u308b\u6307\u6a19\u3067\u3059\u3002<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image1-3.png\" alt=\"\" width=\"1240\" height=\"448\" class=\"aligncenter size-full wp-image-2432\" srcset=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image1-3.png 1240w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image1-3-300x108.png 300w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image1-3-1024x370.png 1024w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image1-3-768x277.png 768w\" sizes=\"(max-width: 1240px) 100vw, 1240px\" \/><\/p>\n<p>\u3053\u3053\u3067\u306f\u3001ROE\u306e\u57fa\u672c\u7684\u306a\u610f\u5473\u3092\u7d39\u4ecb\u3057\u307e\u3059\u3002<\/p>\n<p>ROE\u306f\u3001\u6295\u8cc7\u5148\u9078\u3073\u306b\u91cd\u8981\u306a\u6307\u6a19\u3067\u3082\u3042\u308b\u305f\u3081\u3001\u305c\u3072\u5185\u5bb9\u3092\u6b63\u78ba\u306b\u628a\u63e1\u3057\u3066\u304a\u304f\u3088\u3046\u306b\u3057\u307e\u3057\u3087\u3046\u3002<\/p>\n<p><span style=\"color: #ff0000;\"><strong>ROE\uff08\u81ea\u5df1\u8cc7\u672c\u5229\u76ca\u7387\uff1aReturn On Equity\uff09\u3068\u306f\u3001\u4f1a\u793e\u306e\u81ea\u5df1\u8cc7\u672c\u3067\u3069\u308c\u3060\u3051\u306e\u5229\u76ca\u3092\u3042\u3052\u305f\u304b\u3001\u305d\u306e\u5272\u5408\u3092\uff05\u3067\u8868\u3057\u305f\u3082\u306e<\/strong><\/span>\u3067\u3059\u3002<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image1-3.png\" alt=\"\" width=\"1240\" height=\"448\" class=\"aligncenter size-full wp-image-2432\" srcset=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image1-3.png 1240w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image1-3-300x108.png 300w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image1-3-1024x370.png 1024w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image1-3-768x277.png 768w\" sizes=\"(max-width: 1240px) 100vw, 1240px\" \/><\/p>\n<p>\u81ea\u5df1\u8cc7\u672c\u3068\u306f\u3001\u8cc7\u672c\u91d1\u306a\u3069\u682a\u4e3b\u304b\u3089\u96c6\u3081\u305f\u8cc7\u91d1\u306e\u3053\u3068\u3067\u3059\u3002\u8fd4\u6e08\u7fa9\u52d9\u306e\u3042\u308b\u501f\u5165\u91d1\u3084\u793e\u50b5\u3068\u3044\u3063\u305f\u300c\u4ed6\u4eba\u8cc7\u672c\u300d\u3068\u533a\u5225\u3057\u3066\u3001\u8fd4\u6e08\u7fa9\u52d9\u304c\u306a\u3044\u305f\u3081\u300c\u81ea\u5df1\u8cc7\u672c\u300d\u3068\u547c\u3073\u307e\u3059\u3002<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image5-1.png\" alt=\"\" width=\"1305\" height=\"667\" class=\"aligncenter size-full wp-image-2435\" srcset=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image5-1.png 1305w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image5-1-300x153.png 300w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image5-1-1024x523.png 1024w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image5-1-768x393.png 768w\" sizes=\"(max-width: 1305px) 100vw, 1305px\" \/><\/p>\n<p>ROE\u306f\u3001\u682a\u5f0f\u6295\u8cc7\u306e\u8996\u70b9\u304b\u3089\u898b\u308b\u3068\u3001\u6295\u8cc7\u3057\u305f\u91d1\u984d\u306b\u5bfe\u3057\u3066\u4f01\u696d\u304c\u3069\u308c\u304f\u3089\u3044\u7a3c\u3050\u3053\u3068\u304c\u3067\u304d\u308b\u304b\u3068\u3044\u3046\u4f01\u696d\u306e\u7a3c\u3050\u529b\u3092\u6e2c\u308b\u6307\u6a19\u3068\u8a00\u3048\u307e\u3059\u3002<\/p>\n<p><span style=\"color: #ff0000;\"><strong>ROE\u304c\u9ad8\u3044\u307b\u3069\u6295\u8cc7\u3057\u305f\u8cc7\u91d1\u3092\u4f7f\u3063\u3066\u52b9\u7387\u7684\u306b\u7a3c\u3044\u3067\u3044\u308b\u3053\u3068\u3092\u793a\u3059\u305f\u3081\u3001\u7d4c\u55b6\u52b9\u7387\u304c\u9ad8\u304f\u3001\u6295\u8cc7\u4fa1\u5024\u304c\u9ad8\u3044<\/strong><\/span>\u3068\u8003\u3048\u3089\u308c\u307e\u3059\u3002<\/p>\n<h2>2. ROE\u306e\u8a08\u7b97\u65b9\u6cd5<\/h2>\n<p>ROE\u3092\u8a08\u7b97\u3059\u308b\u969b\u306b\u306f\u3001\u6b21\u306e\uff12\u30d1\u30bf\u30fc\u30f3\u3067\u8a08\u7b97\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image7.png\" alt=\"\" width=\"1258\" height=\"772\" class=\"aligncenter size-full wp-image-2436\" srcset=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image7.png 1258w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image7-300x184.png 300w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image7-1024x628.png 1024w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image7-768x471.png 768w\" sizes=\"(max-width: 1258px) 100vw, 1258px\" \/><\/p>\n<p>\u5177\u4f53\u4f8b\u306f\u4e0b\u8a18\u306e\u901a\u308a\u3067\u3059\u3002\u30a4\u30e1\u30fc\u30b8\u3092\u63b4\u3080\u305f\u3081\u306b\u78ba\u8a8d\u3057\u3066\u307f\u307e\u3057\u3087\u3046\u3002<\/p>\n<h3>2-1. ROE\u306e\u8a08\u7b97\u4f8b<\/h3>\n<p>\u4e0a\u3067\u8ff0\u3079\u305f\u901a\u308a\u3001ROE\u306f\u3001\u307e\u305a\u4e0b\u8a18\u306e\u8a08\u7b97\u5f0f\u3067\u8868\u3059\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002<\/p>\n<p>ROE\uff08\uff05\uff09\uff1d\u3000\u5f53\u671f\u7d14\u5229\u76ca\u3000\u00f7\u3000\u81ea\u5df1\u8cc7\u672c\u306e\u5408\u8a08\u3000\u00d7100<\/p>\n<p>\u3053\u306e\u8a08\u7b97\u5f0f\u306b\u5f93\u3063\u3066\u5177\u4f53\u7684\u306a\u4e8b\u4f8b\u3067\u6bd4\u3079\u3066\u307f\u308b\u3068\u4ee5\u4e0b\u306e\u3088\u3046\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n<div class=\"attention a-1\">\n<p>\uff1cROE\u306e\u4f8b\uff1e<br \/>\n\uff21\u793e\u3000\u81ea\u5df1\u8cc7\u672c100\u5104\u5186\u3000\u5f53\u671f\u7d14\u5229\u76ca5\u5104\u5186<br \/>\n\uff22\u793e\u3000\u81ea\u5df1\u8cc7\u672c100\u5104\u5186\u3000\u5f53\u671f\u7d14\u5229\u76ca10\u5104\u5186<br \/>\n\u306e\u5834\u5408\u3001ROE\u306f\u6b21\u306e\u901a\u308a\u3067\u3059\u3002<\/p>\n<p>A\u793e\u306eROE\u3000\uff1d\u3000\u5f53\u671f\u7d14\u5229\u76ca 5\u5104\u5186\u3000\u00f7\u3000\u81ea\u5df1\u8cc7\u672c100\u5104\u5186\u3000\u00d7\u3000100\u3000\uff1d\u30005\uff05<br \/>\nB\u793e\u306eROE\u3000\uff1d\u3000\u5f53\u671f\u7d14\u5229\u76ca10\u5104\u5186\u3000\u00f7\u3000\u81ea\u5df1\u8cc7\u672c100\u5104\u5186\u3000\u00d7\u3000100\u3000\uff1d\u300010\uff05<\/p>\n<\/div>\n<p>\u540c\u3058\u81ea\u5df1\u8cc7\u672c\u3067\u3082\u5229\u76ca\u5272\u5408\u306e\u5927\u304d\u3044\uff22\u793e\u306e\u65b9\u304cROE\u304c\u9ad8\u304f\u306a\u308a\u3001\u7d4c\u55b6\u52b9\u7387\u304c\u3044\u3044\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n<h3>2-2. ROE\u306fEPS\u3084BPS\u3067\u3082\u8a08\u7b97\u3067\u304d\u308b<\/h3>\n<p>ROE\u306a\u3069\u3068\u4f75\u305b\u3066\u5229\u7528\u3055\u308c\u308b\u6295\u8cc7\u6307\u6a19\u306bEPS\uff08\u4e00\u682a\u5f53\u305f\u308a\u7d14\u5229\u76ca\uff09\u3068BPS\uff08\u4e00\u682a\u5f53\u305f\u308a\u7d14\u8cc7\u7523\uff09\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<div class=\"attention a-1\">\n<p>\uff08\u7528\u8a9e\u88dc\u8db3\uff09<\/p>\n<ul>\n<li>EPS\uff08\u4e00\u682a\u5f53\u305f\u308a\u7d14\u5229\u76ca\uff09\uff1a\u4e00\u682a\u5f53\u305f\u308a\u7d14\u5229\u76ca\u304c\u3069\u308c\u304f\u3089\u3044\u3042\u308b\u304b\u3092\u793a\u3059\u3002EPS\u3000\uff1d\u3000\u5f53\u671f\u7d14\u5229\u76ca\u3000\u00f7\u3000\u767a\u884c\u6e08\u682a\u5f0f\u6570\u3002<\/li>\n<li>BPS\uff08\u4e00\u682a\u5f53\u305f\u308a\u7d14\u8cc7\u7523\uff09\uff1a\u4e00\u682a\u5f53\u305f\u308a\u7d14\u8cc7\u7523\u304c\u3069\u306e\u304f\u3089\u3044\u3042\u308b\u304b\u3092\u793a\u3059\u3002BPS\uff1d\u7d14\u8cc7\u7523 \u00f7 \u767a\u884c\u6e08\u682a\u5f0f\u7dcf\u6570<\/li>\n<\/ul>\n<\/div>\n<p><strong>ROE\u306f\u3001EPS\u3068BPS\u3092\u4f7f\u3063\u3066\u6b21\u306e\u3088\u3046\u306a\u5f0f\u3067\u3001\u7c21\u5358\u306b\u8a08\u7b97\u3059\u308b\u3053\u3068\u3082\u3067\u304d\u307e\u3059\u3002<\/strong><\/p>\n<p><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image6-1.png\" alt=\"\" width=\"1557\" height=\"690\" class=\"aligncenter size-full wp-image-2437\" srcset=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image6-1.png 1557w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image6-1-300x133.png 300w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image6-1-1024x454.png 1024w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image6-1-768x340.png 768w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image6-1-1536x681.png 1536w\" sizes=\"(max-width: 1557px) 100vw, 1557px\" \/><\/p>\n<p>EPS\u3068BPS\u304c\u5206\u304b\u3063\u3066\u3044\u308b\u5834\u5408\u306f\u3001ROE\u306f\u4e0b\u8a18\u306e\u3088\u3046\u306b\u8a08\u7b97\u3067\u304d\u307e\u3059\u3002<\/p>\n<div class=\"attention a-1\">\n<p>\uff1cROE\u306e\u4f8b\uff1e<br \/>\nA\u793e\u3000EPS\uff081\u682a\u5f53\u305f\u308a\u7d14\u5229\u76ca\uff0930\u5186\u3000BPS\uff081\u682a\u5f53\u305f\u308a\u7d14\u8cc7\u7523\uff091000\u5186<br \/>\nB\u793e\u3000EPS\uff081\u682a\u5f53\u305f\u308a\u7d14\u5229\u76ca\uff09100\u5186\u3000BPS\uff081\u682a\u5f53\u305f\u308a\u7d14\u8cc7\u7523\uff091000\u5186<br \/>\n\u306e\u5834\u5408\u3001ROE\u306f\u6b21\u306e\u901a\u308a\u3067\u3059\u3002<\/p>\n<p>A\u793e\u306eROE\u3000\uff1d\u3000EPS\u300030\u5186\u3000\u00f7\u3000BPS\u30001000\u5186\u3000\u00d7\u3000100\u3000\uff1d\u3000\uff13\uff05<br \/>\nB\u793e\u306eROE\u3000\uff1d\u3000EPS\u3000100\u5186\u3000\u00f7\u3000BPS\u30001000\u5186\u3000\u00d7\u3000100\u3000\uff1d\u300010\uff05<\/p>\n<\/div>\n<h2>3. ROE\uff08\u81ea\u5df1\u8cc7\u672c\u5229\u76ca\u7387\uff09\u306f\u9577\u671f\u6295\u8cc7\u3092\u3059\u308b\u5834\u5408\u306b\u7279\u306b\u5fc5\u8981<\/h2>\n<p><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image10-1.jpg\" alt=\"\" width=\"1000\" height=\"667\" class=\"aligncenter size-full wp-image-2438\" srcset=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image10-1.jpg 1000w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image10-1-300x200.jpg 300w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image10-1-768x512.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><\/p>\n<p>ROE\u306e\u610f\u5473\u3092\u7d39\u4ecb\u3057\u307e\u3057\u305f\u304c\u3001\u682a\u5f0f\u6295\u8cc7\u3092\u3059\u308b\u969b\u306b\u306fROE\u4ee5\u5916\u306b\u3082ROA\u3001PER\u306a\u3069\u3055\u307e\u3056\u307e\u306a\u6307\u6a19\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<p>\u305d\u306e\u306a\u304b\u3067\u3001<strong>ROE\u304c\u4f55\u306e\u305f\u3081\u306b\u5fc5\u8981\u306a\u306e\u304b\u3001\u3069\u306e\u7a0b\u5ea6\u78ba\u8a8d\u3059\u308b\u5fc5\u8981\u304c\u3042\u308b\u306e\u304b<\/strong>\u6c17\u306b\u306a\u308a\u307e\u3059\u3088\u306d\u3002<\/p>\n<p>\u7d50\u8ad6\u3092\u3044\u3046\u3068\u3001<span style=\"color: #ff0000;\"><strong>ROE\u306f\u3001\u30d5\u30a1\u30f3\u30c0\u30e1\u30f3\u30bf\u30eb\u30ba\u5206\u6790\u306b\u4f7f\u308f\u308c\u308b\u6307\u6a19\u306e\u3072\u3068\u3064\u3067\u3001\u682a\u5f0f\u6295\u8cc7\u306b\u304a\u3044\u3066\u306f\u6ce8\u76ee\u5ea6\u306e\u9ad8\u3044\u6307\u6a19<\/strong><\/span>\u3068\u8a00\u3048\u307e\u3059\u3002<\/p>\n<p><strong>\u7279\u306b<span style=\"color: #ff0000;\">\u9577\u671f\u6295\u8cc7\u3092\u884c\u3046\u5834\u5408\u306a\u3069\u306b\u306f\u6d3b\u7528\u3057\u305f\u65b9\u304c\u3088\u3044\u6307\u6a19\u3067\u3059\u3002<\/span><\/strong><\/p>\n<p>\u682a\u5f0f\u6295\u8cc7\u306e\u969b\u306b\u9298\u67c4\u3092\u63a2\u3059\u65b9\u6cd5\u3068\u3057\u3066\u306f\u3001<strong>\u682a\u4fa1\u306e\u5024\u52d5\u304d\u3092\u4e88\u6e2c\u3059\u308b\u300c\u30c6\u30af\u30cb\u30ab\u30eb\u5206\u6790\u300d\u3068\u4f01\u696d\u306e\u672c\u8cea\u7684\u306a\u4fa1\u5024\u3092\u63a2\u308b\u300c\u30d5\u30a1\u30f3\u30c0\u30e1\u30f3\u30bf\u30eb\u5206\u6790\u300d<\/strong>\u306e\uff12\u3064\u306e\u65b9\u6cd5\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<div class=\"attention a-1\">\n<p>&lt;\u7528\u8a9e\u88dc\u8db3&gt;<\/p>\n<ul>\n<li>\u30c6\u30af\u30cb\u30ab\u30eb\u5206\u6790\uff1a\u682a\u4fa1\u306e\u30c7\u30fc\u30bf\u3084\u30c1\u30e3\u30fc\u30c8\u306a\u3069\u304b\u3089\u682a\u4fa1\u3084\u76f8\u5834\u3092\u4e88\u6e2c\u3059\u308b\u65b9\u6cd5\u3002\u77ed\u671f\u7684\u306a\u5c06\u6765\u306e\u682a\u4fa1\u306e\u52d5\u304d\u3092\u4e88\u6e2c\u3057\u3066\u5229\u76ca\u3092\u5f97\u308b\u3002<\/li>\n<li>\u30d5\u30a1\u30f3\u30c0\u30e1\u30f3\u30bf\u30eb\u30ba\u5206\u6790\uff1a\u4f01\u696d\u306e\u696d\u7e3e\u3084\u8ca1\u52d9\u72b6\u6cc1\u304b\u3089\u300c\u4f01\u696d\u306e\u4fa1\u5024\u300d\u3092\u898b\u308b\u65b9\u6cd5\u3002\u4f01\u696d\u306e\u4fa1\u5024\u3088\u308a\u5272\u5b89\u306a\u682a\u304c\u3042\u308c\u3070\u3001\u6295\u8cc7\u3092\u3057\u5c06\u6765\u9069\u6027\u306a\u4fa1\u683c\u306b\u306a\u3063\u305f\u969b\u306b\u5229\u76ca\u3092\u5f97\u308b\u3002<\/li>\n<\/ul>\n<\/div>\n<p>\u30d5\u30a1\u30f3\u30c0\u30e1\u30f3\u30bf\u30eb\u30ba\u5206\u6790\u306f\u3001\u4f01\u696d\u306e\u8ca1\u52d9\u30c7\u30fc\u30bf\u3092\u4f7f\u3063\u3066\u3001\u4f01\u696d\u306e\u53ce\u76ca\u529b\u3084\u6210\u9577\u529b\u3068\u3044\u3063\u305f\u4f01\u696d\u306e\u4fa1\u5024\u3092\u6e2c\u308b\u65b9\u6cd5\u3067\u3059\u3002\u305d\u3057\u3066\u3001<strong>\u4f01\u696d\u306e\u4fa1\u5024\u304c\u73fe\u72b6\u306e\u682a\u4fa1\u306b\u6bd4\u3079\u3066\u9ad8\u3044\u3001\u3042\u308b\u3044\u306f\u4eca\u5f8c\u9ad8\u304f\u306a\u308b\u3068\u5224\u65ad\u3055\u308c\u305f\u9298\u67c4\u306b\u5bfe\u3057\u3066\u3001\u5c06\u6765\u682a\u4fa1\u304c\u3042\u304c\u308b\u3068\u898b\u8fbc\u3093\u3067\u6295\u8cc7\u3059\u308b\u624b\u6cd5<\/strong>\u3067\u3059\u3002<\/p>\n<p>\u3053\u306e\u30d5\u30a1\u30f3\u30c0\u30e1\u30f3\u30bf\u30eb\u30ba\u5206\u6790\u306b\u304a\u3044\u3066\u3001<strong>ROE\u306f\u3001\u4f01\u696d\u306e\u300c\u7d4c\u55b6\u52b9\u7387\u6027\u300d\u3042\u308b\u3044\u306f\u300c\u53ce\u76ca\u529b\u300d\u3092\u6e2c\u308b\u3053\u3068\u306e\u3067\u304d\u308b\u4ee3\u8868\u7684\u306a\u6307\u6a19<\/strong>\u3068\u8a00\u3048\u307e\u3059\u3002<\/p>\n<p>ROE\u306f\u3001\u682a\u4e3b\u306e\u6295\u8cc7\u3057\u305f\u6295\u8cc7\u984d\u306b\u5bfe\u3057\u3066\u4f01\u696d\u304c\u3069\u308c\u304f\u3089\u3044\u306e\u5229\u76ca\u3092\u3042\u3052\u308b\u304b\u3068\u3044\u3046\u3001<strong>\u6295\u8cc7\u52b9\u679c\u3092\u30c0\u30a4\u30ec\u30af\u30c8\u306b\u6e2c\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u6307\u6a19\u306e\u305f\u3081\u3001\u56fd\u5185\u5916\u306e\u6295\u8cc7\u5bb6\u304c\u6ce8\u76ee\u3057\u3066\u3044\u308b\u6307\u6a19\u3067\u3059\u3002<\/strong><\/p>\n<p>\u96e3\u70b9\u3068\u3057\u3066\u306f\u3001ROE\u306f\u77ed\u671f\u306e\u76f8\u5834\u306b\u306f\u53cd\u6620\u3055\u308c\u306b\u304f\u304f\u3001\u77ed\u671f\u6295\u8cc7\u306e\u5224\u65ad\u306b\u306f\u4f7f\u7528\u3057\u306b\u304f\u3044\u70b9\u3067\u3059\u3002\u3057\u304b\u3057\u3001\u9577\u671f\u7684\u306a\u8996\u70b9\u3067\u4fa1\u5024\u306e\u9ad8\u3044\u4f01\u696d\u306b\u6295\u8cc7\u3092\u3057\u305f\u3044\u5834\u5408\u306e\u5224\u65ad\u306b\u5411\u3044\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>ROE\u306f\u9577\u671f\u6295\u8cc7\u306b\u6d3b\u7528\u3059\u308b\u3053\u3068\u304c\u304a\u3059\u3059\u3081\u3067\u3059\u3002<\/p>\n<p><a href=\"https:\/\/official.gfs.tokyo\/blog\/stock-fundamentals\">\u30d5\u30a1\u30f3\u30c0\u30e1\u30f3\u30bf\u30eb\u30ba\u5206\u6790<\/a>\u3092\u8a73\u3057\u304f\u89e3\u8aac\u3057\u3066\u3044\u308b\u8a18\u4e8b\u3082\u3042\u308a\u307e\u3059\u306e\u3067\u3001\u3088\u308a\u5177\u4f53\u7684\u306b\u6d3b\u7528\u65b9\u6cd5\u3092\u77e5\u308a\u305f\u3044\u65b9\u306f\u3054\u89a7\u304f\u3060\u3055\u3044\u3002<\/p>\n<h2>4. ROE\u306e\u898b\u65b9\u30fb\u4f7f\u3044\u65b9<\/h2>\n<p><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image8.jpg\" alt=\"\" width=\"1000\" height=\"667\" class=\"aligncenter size-full wp-image-2439\" srcset=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image8.jpg 1000w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image8-300x200.jpg 300w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image8-768x512.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><\/p>\n<p>ROE\u304c\u9577\u671f\u6295\u8cc7\u306b\u6709\u52b9\u306a\u6307\u6a19\u3067\u3042\u308b\u3053\u3068\u304c\u628a\u63e1\u3067\u304d\u305f\u3053\u3068\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>\u3053\u3053\u3067\u306f\u3001\u5b9f\u969b\u306bROE\u3092\u4f7f\u3046\u969b\u306e\u898b\u65b9\u30fb\u4f7f\u3044\u65b9\u306b\u3064\u3044\u3066\u89e3\u8aac\u3057\u307e\u3059\u3002ROE\u7279\u6709\u306e\u6570\u5024\u306e\u76ee\u5b89\u3084\u4f7f\u3044\u65b9\u304c\u3042\u308b\u305f\u3081\u3001\u6b63\u78ba\u306b\u628a\u63e1\u3057\u3066\u304a\u304f\u3088\u3046\u306b\u3057\u307e\u3057\u3087\u3046\u3002<\/p>\n<p>ROE\u306e\u898b\u65b9\u30fb\u4f7f\u3044\u65b9\u306e\u4e3b\u306a\u30dd\u30a4\u30f3\u30c8\u306f\u4e0b\u8a18\u306e\u901a\u308a\u3067\u3059\u3002<\/p>\n<ul>\n<li>ROE\u306f\u8a3c\u5238\u4f1a\u793e\u306e\u9298\u67c4\u7d39\u4ecb\u306e\u30b5\u30a4\u30c8\u3084\u6295\u8cc7\u60c5\u5831\u30b5\u30a4\u30c8\u3067\u7c21\u5358\u306b\u898b\u308b\u3053\u3068\u304c\u3067\u304d\u308b<\/li>\n<li>ROE\u306e\u6570\u5024\u306e\u76ee\u5b89\u306f8\uff5e10\uff05<\/li>\n<li>ROE\u306f\u696d\u754c\u3054\u3068\u306b\u6c34\u6e96\u304c\u7570\u306a\u308b\u305f\u3081\u540c\u696d\u4ed6\u793e\u3067\u6bd4\u8f03\u3059\u308b<\/li>\n<li>ROE\u304c\u5909\u52d5\u3057\u305f\u5834\u5408\u3001\u7406\u7531\uff08\u7d14\u5229\u76ca\u3068\u81ea\u5df1\u8cc7\u672c\u306e\u5909\u52d5\uff09\u3092\u78ba\u8a8d\u3059\u308b<\/li>\n<li>ROE\u306e\u5177\u4f53\u4f8b<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">\u305d\u308c\u3067\u306f\u5177\u4f53\u7684\u306b\u898b\u3066\u3044\u304d\u307e\u3057\u3087\u3046\u3002<\/span><\/p>\n<h3>4-1. ROE\u306f\u8a3c\u5238\u4f1a\u793e\u306e\u9298\u67c4\u7d39\u4ecb\u306e\u30b5\u30a4\u30c8\u3084\u6295\u8cc7\u60c5\u5831\u30b5\u30a4\u30c8\u3067\u7c21\u5358\u306b\u898b\u308b\u3053\u3068\u304c\u3067\u304d\u308b<\/h3>\n<p><strong><span style=\"color: #ff0000;\">ROE\u306f\u8a3c\u5238\u4f1a\u793e\u306e\u9298\u67c4\u691c\u7d22\u753b\u9762\u3001\u682a\u5f0f\u30fb\u6295\u8cc7\u60c5\u5831\u30b5\u30a4\u30c8\u3067\u95b2\u89a7\u30fb\u691c\u7d22\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002<\/span><\/strong><\/p>\n<p>ROE\u3092\u8a08\u7b97\u3059\u308b\u305f\u3081\u306e\u81ea\u5df1\u8cc7\u672c\u30fb\u7d14\u5229\u76ca\u306e\u30c7\u30fc\u30bf\u306f\u3001\u4f01\u696d\u306e\u8ca1\u52d9\u8af8\u8868\u306e\u6570\u5024\u304c\u304a\u304a\u3082\u3068\u306e\u30c7\u30fc\u30bf\u3067\u3059\u304c\u3001\u5404\u8a3c\u5238\u4f1a\u793e\u3084\u60c5\u5831\u30b5\u30a4\u30c8\u3067\u307e\u3068\u3081\u3066\u78ba\u8a8d\u304c\u3067\u304d\u308b\u305f\u3081\u3001\u3053\u308c\u3089\u306e\u30b5\u30a4\u30c8\u3092\u6d3b\u7528\u3059\u308b\u3088\u3046\u306b\u3057\u307e\u3057\u3087\u3046\u3002<\/p>\n<p>\u500b\u5225\u9298\u67c4\u3054\u3068\u306e\u7d39\u4ecb\u30da\u30fc\u30b8\u3067\u78ba\u8a8d\u3067\u304d\u305f\u308a\u3001\u9ad8ROE\u30e9\u30f3\u30ad\u30f3\u30b0\u30fb\u4f4eROE\u30e9\u30f3\u30ad\u30f3\u30b0\u3068\u3044\u3063\u305f\u3088\u3046\u306a\u30e9\u30f3\u30ad\u30f3\u30b0\u5f62\u5f0f\u306e\u4e00\u89a7\u3067\u78ba\u8a8d\u3067\u304d\u305f\u308a\u3057\u307e\u3059\u3002<\/p>\n<p>&lt;ROE\u304c\u95b2\u89a7\u3067\u304d\u308b\u30b5\u30a4\u30c8\u306e\u4f8b&gt;<\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/www.nikkei.com\/markets\/ranking\/page\/?bd=roe\"><span style=\"font-weight: 400;\">\u65e5\u672c\u7d4c\u6e08\u65b0\u805e<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/finance.yahoo.co.jp\/stocks\/ranking\/roe?market=all&amp;term=daily\"><span style=\"font-weight: 400;\">Yahoo\uff01\u30d5\u30a1\u30a4\u30ca\u30f3\u30b9<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/minkabu.jp\/financial_item_ranking\/roe\"><span style=\"font-weight: 400;\">MINKABU<\/span><\/a><\/li>\n<\/ul>\n<p>\u696d\u7a2e\u5225\u306e\u6bd4\u8f03\u3084\u4ed6\u306e\u6307\u6a19\u3068\u7d44\u307f\u5408\u308f\u305b\u3066\u306e\u6bd4\u8f03\u304c\u3057\u3084\u3059\u3044\u30b5\u30a4\u30c8\u3082\u591a\u3044\u305f\u3081\u3001\u81ea\u5206\u306e\u5229\u7528\u3057\u3084\u3059\u3044\u30b5\u30a4\u30c8\u3092\u9078\u3093\u3067\u6d3b\u7528\u3059\u308b\u3088\u3046\u306b\u3057\u307e\u3057\u3087\u3046\u3002<\/p>\n<h3>4-2. ROE\u306e\u6570\u5024\u306e\u76ee\u5b89\u306f8\uff5e10\uff05<\/h3>\n<p><strong><span style=\"color: #ff0000;\">ROE\u306e\u6570\u5024\u306e\u76ee\u5b89\u306f8\uff5e10\uff05\u3068\u8a00\u308f\u308c\u3066\u3044\u308b\u305f\u3081\u3001\u3053\u306e\u6570\u5024\u3092\u57fa\u6e96\u3068\u3059\u308b\u3088\u3046\u306b\u3057\u307e\u3057\u3087\u3046\u3002<\/span><\/strong><\/p>\n<p>\u5b9f\u969b\u306e\u3068\u3053\u308d\u3001\u4e00\u822c\u793e\u56e3\u6cd5\u4eba\u751f\u547d\u4fdd\u967a\u5354\u4f1a\u304c\u6295\u8cc7\u5bb6\u306b\u884c\u3063\u305f\u8abf\u67fb\u306b\u304a\u3044\u3066\u3082\u3001\u300c\u9577\u671f\u7684\u306b\u671b\u307e\u3057\u3044\u3068\u601d\u3046ROE\u306e\u6c34\u6e96\u300d\u3068\u3057\u3066\u56de\u7b54\u304c\u591a\u304b\u3063\u305f\u306e\u306f\uff18\uff05\u3082\u3057\u304f\u306f10\uff05\u3067\u3057\u305f\u3002<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image9.png\" alt=\"\" width=\"1141\" height=\"637\" class=\"aligncenter size-full wp-image-2440\" srcset=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image9.png 1141w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image9-300x167.png 300w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image9-1024x572.png 1024w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image9-768x429.png 768w\" sizes=\"(max-width: 1141px) 100vw, 1141px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">\u53c2\u8003\uff1a<\/span><a href=\"https:\/\/www.seiho.or.jp\/info\/news\/2021\/pdf\/20210416_4-all.pdf\"><span style=\"font-weight: 400;\">\u4e00\u822c\u793e\u56e3\u6cd5\u4eba\u751f\u547d\u4fdd\u967a\u5354\u4f1a\u300c\u751f\u547d\u4fdd\u967a\u4f1a\u793e\u306e\u8cc7\u7523\u904b\u7528\u3092\u901a\u3058\u305f\u300c\u682a\u5f0f\u5e02\u5834\u306e\u6d3b\u6027\u5316\u300d\u3068\u300c\u6301\u7d9a\u53ef\u80fd\u306a\u793e\u4f1a\u306e\u5b9f\u73fe\u300d\u306b\u5411\u3051\u305f\u53d6\u7d44\u306b\u3064\u3044\u3066\u300d<\/span><\/a><\/p>\n<p><strong>\u300cROE10\uff05\u4ee5\u4e0a\u304c\u671b\u307e\u3057\u3044\u300d\u3068\u3059\u308b\u6295\u8cc7\u5bb6\u304c48\uff05\u3068\u6700\u591a\u3067\u3001\u6b21\u3044\u3067\u300cROE\uff18\uff05\u4ee5\u4e0a\u3092\u671b\u307e\u3057\u3044\u300d\u3068\u3059\u308b\u6295\u8cc7\u5bb6\u304c22\uff05\u3068\u591a\u304f\u306a\u3063\u3066\u3044\u307e\u3059\u3002ROE\u306e\u6c34\u6e96\u3068\u3057\u3066\u3001\uff18\uff05\u308410\uff05\u304c\u76ee\u5b89\u3068\u3055\u308c\u3066\u3044\u308b\u3053\u3068\u304c\u5206\u304b\u308a\u307e\u3059\u3002<\/strong><\/p>\n<p>\u3053\u306e\u76ee\u5b89\u3092\u8e0f\u307e\u3048\u3066\u3001\u65e5\u672c\u4f01\u696d\u306e\u5834\u5408\u3001<\/p>\n<ul>\n<li>ROE\u304c10\uff05\u4ee5\u4e0a\u3067\u3042\u308b\u3068\u512a\u826f<\/li>\n<li>ROE20\uff05\u4ee5\u4e0a\u3067\u3042\u308b\u3068\u304b\u306a\u308a\u512a\u826f<\/li>\n<\/ul>\n<p>\u3068\u5224\u65ad\u3055\u308c\u307e\u3059\u3002<\/p>\n<p>ROE\u3092\u898b\u308b\u969b\u306b\u306f8\uff5e10\uff05\u3092\u57fa\u6e96\u3068\u3059\u308b\u3088\u3046\u306b\u3057\u307e\u3057\u3087\u3046\u3002<\/p>\n<h3>4-3. ROE\u306f\u696d\u754c\u3054\u3068\u306b\u6c34\u6e96\u304c\u7570\u306a\u308b\u305f\u3081\u540c\u696d\u4ed6\u793e\u3067\u6bd4\u8f03\u3059\u308b<\/h3>\n<p>ROE\u306f\u3001\u696d\u754c\u3054\u3068\u306b\u6c34\u6e96\u304c\u7570\u306a\u308b\u305f\u3081\u3001ROE\u3092\u898b\u308b\u6642\u306f\u540c\u696d\u4ed6\u793e\u3067\u6bd4\u8f03\u3059\u308b\u3088\u3046\u306b\u3057\u307e\u3057\u3087\u3046\u3002<\/p>\n<p>\u696d\u754c\u3054\u3068\u306eROE\u306e\u6c34\u6e96\u306f\u4e0b\u8a18\u306e\u901a\u308a\u3067\u3059\u3002<\/p>\n<table style=\"width: 100%; height: 2420px;\">\n<tbody>\n<tr style=\"height: 73px;\">\n<td colspan=\"3\" style=\"background-color: #d9d9d9; text-align: center; width: 99.865%; height: 73px;\">\n<p><span style=\"font-size: 14pt; color: #000000;\"><b>\u3010\u696d\u7a2e\u5225ROE\uff08\u81ea\u5df1\u8cc7\u672c\u5229\u76ca\u7387\uff09\u3011<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 69px;\">\n<td style=\"text-align: center; background-color: #0e5ac8; width: 36.1673%; height: 69px;\"><\/td>\n<td style=\"text-align: center; background-color: #0e5ac8; width: 33.1984%; height: 69px;\">\n<p><span style=\"font-size: 12pt; color: #ffffff;\"><b>2022\u5e74<\/b><\/span><\/p>\n<\/td>\n<td style=\"text-align: center; background-color: #0e5ac8; width: 30.4993%; height: 69px;\">\n<p><span style=\"font-size: 12pt; color: #ffffff;\"><b>2021\u5e74<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"background-color: #c9dbf6; width: 36.1673%; height: 67px; text-align: center;\">\n<p><b>\uff08\u5168\u7523\u696d\uff09<\/b><\/p>\n<\/td>\n<td style=\"width: 33.1984%; height: 67px; text-align: center;\">\n<p><b>9.10<\/b><\/p>\n<\/td>\n<td style=\"width: 30.4993%; height: 67px; text-align: center;\">\n<p><b>9.36<\/b><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"background-color: #c9dbf6; width: 36.1673%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">\u6c34\u7523\u30fb\u8fb2\u6797\u696d<\/span><\/p>\n<\/td>\n<td style=\"width: 33.1984%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">9.40<\/span><\/p>\n<\/td>\n<td style=\"width: 30.4993%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">9.66<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"background-color: #c9dbf6; width: 36.1673%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">\u9271\u696d<\/span><\/p>\n<\/td>\n<td style=\"width: 33.1984%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">13.28<\/span><\/p>\n<\/td>\n<td style=\"width: 30.4993%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">5.96<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"background-color: #c9dbf6; width: 36.1673%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">\u5efa\u8a2d\u696d<\/span><\/p>\n<\/td>\n<td style=\"width: 33.1984%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">8.83<\/span><\/p>\n<\/td>\n<td style=\"width: 30.4993%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">8.22<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"background-color: #c9dbf6; width: 36.1673%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">\u98df\u6599\u54c1<\/span><\/p>\n<\/td>\n<td style=\"width: 33.1984%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">8.30<\/span><\/p>\n<\/td>\n<td style=\"width: 30.4993%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">8.93<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"background-color: #c9dbf6; width: 36.1673%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">\u7e4a\u7dad\u88fd\u54c1<\/span><\/p>\n<\/td>\n<td style=\"width: 33.1984%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">4.11<\/span><\/p>\n<\/td>\n<td style=\"width: 30.4993%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">5.52<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"background-color: #c9dbf6; width: 36.1673%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">\u30d1\u30eb\u30d7\u30fb\u7d19<\/span><\/p>\n<\/td>\n<td style=\"width: 33.1984%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">1.09<\/span><\/p>\n<\/td>\n<td style=\"width: 30.4993%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">7.50<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"background-color: #c9dbf6; width: 36.1673%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">\u5316\u5b66<\/span><\/p>\n<\/td>\n<td style=\"width: 33.1984%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">8.38<\/span><\/p>\n<\/td>\n<td style=\"width: 30.4993%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">10.19<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"background-color: #c9dbf6; width: 36.1673%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">\u533b\u85ac\u54c1<\/span><\/p>\n<\/td>\n<td style=\"width: 33.1984%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">7.52<\/span><\/p>\n<\/td>\n<td style=\"width: 30.4993%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">7.33<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"background-color: #c9dbf6; width: 36.1673%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">\u77f3\u6cb9\u30fb\u77f3\u70ad\u88fd\u54c1<\/span><\/p>\n<\/td>\n<td style=\"width: 33.1984%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">9.24<\/span><\/p>\n<\/td>\n<td style=\"width: 30.4993%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">21.94<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"background-color: #c9dbf6; width: 36.1673%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">\u30b4\u30e0\u88fd\u54c1<\/span><\/p>\n<\/td>\n<td style=\"width: 33.1984%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">9.20<\/span><\/p>\n<\/td>\n<td style=\"width: 30.4993%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">13.13<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"background-color: #c9dbf6; width: 36.1673%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">\u30ac\u30e9\u30b9\u30fb\u571f\u77f3\u88fd\u54c1<\/span><\/p>\n<\/td>\n<td style=\"width: 33.1984%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">4.38<\/span><\/p>\n<\/td>\n<td style=\"width: 30.4993%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">8.96<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"background-color: #c9dbf6; width: 36.1673%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">\u9244\u92fc<\/span><\/p>\n<\/td>\n<td style=\"width: 33.1984%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">12.40<\/span><\/p>\n<\/td>\n<td style=\"width: 30.4993%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">14.11<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"background-color: #c9dbf6; width: 36.1673%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">\u975e\u9244\u91d1\u5c5e<\/span><\/p>\n<\/td>\n<td style=\"width: 33.1984%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">7.28<\/span><\/p>\n<\/td>\n<td style=\"width: 30.4993%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">12.04<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"background-color: #c9dbf6; width: 36.1673%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">\u91d1\u5c5e\u88fd\u54c1<\/span><\/p>\n<\/td>\n<td style=\"width: 33.1984%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">5.72<\/span><\/p>\n<\/td>\n<td style=\"width: 30.4993%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">6.98<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"background-color: #c9dbf6; width: 36.1673%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">\u6a5f\u68b0<\/span><\/p>\n<\/td>\n<td style=\"width: 33.1984%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">9.49<\/span><\/p>\n<\/td>\n<td style=\"width: 30.4993%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">8.92<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"background-color: #c9dbf6; width: 36.1673%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">\u96fb\u6c17\u6a5f\u5668<\/span><\/p>\n<\/td>\n<td style=\"width: 33.1984%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">10.02<\/span><\/p>\n<\/td>\n<td style=\"width: 30.4993%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">11.39<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"background-color: #c9dbf6; width: 36.1673%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">\u8f38\u9001\u7528\u6a5f\u5668<\/span><\/p>\n<\/td>\n<td style=\"width: 33.1984%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">7.60<\/span><\/p>\n<\/td>\n<td style=\"width: 30.4993%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">8.49<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"background-color: #c9dbf6; width: 36.1673%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">\u7cbe\u5bc6\u6a5f\u5668<\/span><\/p>\n<\/td>\n<td style=\"width: 33.1984%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">14.01<\/span><\/p>\n<\/td>\n<td style=\"width: 30.4993%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">12.70<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"background-color: #c9dbf6; width: 36.1673%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">\u305d\u306e\u4ed6\u88fd\u54c1<\/span><\/p>\n<\/td>\n<td style=\"width: 33.1984%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">10.98<\/span><\/p>\n<\/td>\n<td style=\"width: 30.4993%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">12.93<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"background-color: #c9dbf6; width: 36.1673%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">\u96fb\u6c17\u30fb\u30ac\u30b9\u696d<\/span><\/p>\n<\/td>\n<td style=\"width: 33.1984%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">-0.39<\/span><\/p>\n<\/td>\n<td style=\"width: 30.4993%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">1.83<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"background-color: #c9dbf6; width: 36.1673%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">\u9678\u904b\u696d<\/span><\/p>\n<\/td>\n<td style=\"width: 33.1984%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">7.35<\/span><\/p>\n<\/td>\n<td style=\"width: 30.4993%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">1.55<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"background-color: #c9dbf6; width: 36.1673%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">\u6d77\u904b\u696d<\/span><\/p>\n<\/td>\n<td style=\"width: 33.1984%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">49.17<\/span><\/p>\n<\/td>\n<td style=\"width: 30.4993%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">82.39<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"background-color: #c9dbf6; width: 36.1673%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">\u7a7a\u904b\u696d<\/span><\/p>\n<\/td>\n<td style=\"width: 33.1984%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">7.75<\/span><\/p>\n<\/td>\n<td style=\"width: 30.4993%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">-17.79<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"background-color: #c9dbf6; width: 36.1673%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">\u5009\u5eab\u30fb\u904b\u8f38\u95a2\u9023\u696d<\/span><\/p>\n<\/td>\n<td style=\"width: 33.1984%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">8.54<\/span><\/p>\n<\/td>\n<td style=\"width: 30.4993%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">7.51<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"background-color: #c9dbf6; width: 36.1673%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">\u60c5\u5831\u30fb\u901a\u4fe1\u696d<\/span><\/p>\n<\/td>\n<td style=\"width: 33.1984%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">7.39<\/span><\/p>\n<\/td>\n<td style=\"width: 30.4993%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">5.76<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"background-color: #c9dbf6; width: 36.1673%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">\u5378\u58f2\u696d<\/span><\/p>\n<\/td>\n<td style=\"width: 33.1984%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">14.8<\/span><\/p>\n<\/td>\n<td style=\"width: 30.4993%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">14.27<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"background-color: #c9dbf6; width: 36.1673%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">\u5c0f\u58f2\u696d<\/span><\/p>\n<\/td>\n<td style=\"width: 33.1984%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">8.46<\/span><\/p>\n<\/td>\n<td style=\"width: 30.4993%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">8.15<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"background-color: #c9dbf6; width: 36.1673%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">\u4e0d\u52d5\u7523\u696d<\/span><\/p>\n<\/td>\n<td style=\"width: 33.1984%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">9.26<\/span><\/p>\n<\/td>\n<td style=\"width: 30.4993%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">8.95<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"background-color: #c9dbf6; width: 36.1673%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">\u30b5\u30fc\u30d3\u30b9\u696d<\/span><\/p>\n<\/td>\n<td style=\"width: 33.1984%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">6.05<\/span><\/p>\n<\/td>\n<td style=\"width: 30.4993%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">6.71<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"background-color: #c9dbf6; width: 36.1673%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">\u9280\u884c\u696d<\/span><\/p>\n<\/td>\n<td style=\"width: 33.1984%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">5.26<\/span><\/p>\n<\/td>\n<td style=\"width: 30.4993%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">5.04<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"background-color: #c9dbf6; width: 36.1673%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">\u8a3c\u5238\u3001\u5546\u54c1\u5148\u7269\u53d6\u5f15\u696d<\/span><\/p>\n<\/td>\n<td style=\"width: 33.1984%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">4.26<\/span><\/p>\n<\/td>\n<td style=\"width: 30.4993%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">11.40<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"background-color: #c9dbf6; width: 36.1673%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">\u4fdd\u967a\u696d<\/span><\/p>\n<\/td>\n<td style=\"width: 33.1984%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">4.85<\/span><\/p>\n<\/td>\n<td style=\"width: 30.4993%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">8.36<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"background-color: #c9dbf6; width: 36.1673%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">\u305d\u306e\u4ed6\u91d1\u878d\u696d<\/span><\/p>\n<\/td>\n<td style=\"width: 33.1984%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">8.35<\/span><\/p>\n<\/td>\n<td style=\"width: 30.4993%; height: 67px; text-align: center;\">\n<p><span style=\"font-weight: 400;\">9.37<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"font-weight: 400;\">\u53c2\u8003\uff1a<\/span><a href=\"https:\/\/www.jpx.co.jp\/markets\/statistics-equities\/examination\/index.html\"><span style=\"font-weight: 400;\">\u65e5\u672c\u53d6\u5f15\u6240\u30b0\u30eb\u30fc\u30d7\u300c\u6c7a\u7b97\u77ed\u4fe1\u96c6\u8a08\u300d2022\u5e74\u5ea6<\/span><\/a><br \/>\n\u203b\u30c7\u30fc\u30bf\u306f\u30012022\u5e74\u5ea6\uff082022\u5e744\u6708\uff5e2023\u5e743\u6708\uff09\u6c7a\u7b97\u77ed\u4fe1\u96c6\u8a08\u306e\u9023\u7d50\u30d9\u30fc\u30b9<\/p>\n<p>\u4f8b\u3048\u3070\u3001\u5efa\u8a2d\u696d\u306e\u5834\u5408\u306fROE\u306f9\uff05\u524d\u5f8c\u3067\u3059\u304c\u3001\u9280\u884c\u696d\u306e\u5834\u5408\u306eROE\u306f5\uff05\u53f0\u3067\u3059\u3002<\/p>\n<p>ROE\uff15\uff05\u306e\u5efa\u8a2d\u696d\u306e\u4f1a\u793e\u306e\u5834\u5408\u306f\u540c\u696d\u7a2e\u5185\u3067\u6bd4\u8f03\u3059\u308b\u3068ROE\u306e\u6c34\u6e96\u306f\u4f4e\u3044\uff08\u7d4c\u55b6\u52b9\u7387\u306f\u60aa\u3044\uff09\u3068\u8a00\u3048\u307e\u3059\u3002\u4e00\u65b9\u3067\u3001ROE\uff16\uff05\u306e\u9280\u884c\u696d\u306e\u5834\u5408\u306f\u3001\u540c\u696d\u7a2e\u5185\u3067\u306eROE\u306e\u6c34\u6e96\u306f\u9ad8\u304f\u3001\u7d4c\u55b6\u52b9\u7387\u306f\u3088\u3044\u3068\u8a00\u3048\u307e\u3059\u3002<\/p>\n<p><strong>\u3053\u306e\u3088\u3046\u306b\u3001\u540c\u3058ROE5\uff05\u3067\u3082\u3001\u696d\u754c\u306b\u3088\u3063\u3066\u5224\u65ad\u304c\u7570\u306a\u3063\u3066\u3057\u307e\u3046\u305f\u3081\u3001\u540c\u696d\u7a2e\u5185\u3067\u6bd4\u8f03\u3059\u308b\u3088\u3046\u306b\u3057\u307e\u3057\u3087\u3046\u3002<\/strong><\/p>\n<p>\u307e\u305f\u3001ROE\u306f\u3001\u5e74\u5ea6\u3054\u3068\u306e\u7d14\u5229\u76ca\u306e\u6c34\u6e96\u3067\u591a\u5c11\u524d\u5f8c\u3059\u308b\u3053\u3068\u304c\u3042\u308a\u307e\u3059\u3002<span style=\"color: #ff0000;\"><strong>\u6bd4\u8f03\u3059\u308b\u969b\u306b\u306f\u3001\u540c\u3058\u6642\u671f\u306e\u540c\u696d\u7a2e\u306eROE\u3068\u6bd4\u8f03\u3059\u308b\u3088\u3046\u306b\u3057\u307e\u3057\u3087\u3046\u3002<\/strong><\/span><\/p>\n<h3>4-3. ROE\u304c\u5927\u304d\u304f\u5909\u52d5\u3057\u305f\u5834\u5408\u306f\u7406\u7531\uff08\u7d14\u5229\u76ca\u3068\u81ea\u5df1\u8cc7\u672c\u306e\u5909\u52d5\uff09\u3092\u78ba\u8a8d\u3059\u308b<\/h3>\n<p>ROE\u306e\u6c34\u6e96\u304c\u6025\u6fc0\u306b\u4e0a\u304c\u3063\u305f\u308a\u4e0b\u304c\u3063\u305f\u308a\u3057\u305f\u5834\u5408\u306f\u3001\u305d\u306e\u7406\u7531\u3092\u78ba\u8a8d\u3059\u308b\u3088\u3046\u306b\u3057\u307e\u3057\u3087\u3046\u3002<\/p>\n<p>ROE\u306f\u3001\u7d14\u5229\u76ca\u3068\u81ea\u5df1\u8cc7\u672c\u3068\u306e\u5272\u5408\u3067\u8a08\u7b97\u3055\u308c\u308b\u305f\u3081\u3001ROE\u304c\u9ad8\u304f\u306a\u308b\u7406\u7531\u306b\u306f\u3001<\/p>\n<ul>\n<li>\u7d14\u5229\u76ca\u304c\u9ad8\u304f\u306a\u3063\u305f\u5834\u5408<\/li>\n<li>\u81ea\u5df1\u8cc7\u672c\u304c\u6e1b\u3063\u305f\u5834\u5408<\/li>\n<\/ul>\n<p>\u3068\u304c\u8003\u3048\u3089\u308c\u307e\u3059\u3002<\/p>\n<p>\u81ea\u5df1\u8cc7\u672c\u304c\u6e1b\u3063\u3066\u3044\u3066\u3082\u3001\u4f8b\u3048\u3070\u501f\u5165\u91d1\u306a\u3069\u4ed6\u4eba\u8cc7\u672c\u3092\u5897\u3084\u3057\u3066\u6210\u679c\u3092\u3042\u3052\u305f\u5834\u5408\u306b\u306f\u3001\u5fc5\u305a\u3057\u3082\u7d4c\u55b6\u52b9\u7387\u304c\u826f\u3044\u3068\u306f\u8a00\u3048\u307e\u305b\u3093\u3002<\/p>\n<p>\u3053\u3046\u3057\u305f\u30b1\u30fc\u30b9\u304c\u3042\u308b\u305f\u3081\u3001ROE\u306e\u6570\u5024\u304c\u4e00\u6642\u7684\u306b\u9ad8\u304f\u306a\u3063\u3066\u3044\u308b\u5834\u5408\u306b\u306f\u3001\u7d14\u8cc7\u7523\u306e\u5909\u52d5\u306b\u3088\u308b\u3082\u306e\u304b\u3001\u81ea\u5df1\u8cc7\u672c\u306e\u5909\u52d5\u306b\u3088\u308b\u3082\u306e\u304b\u78ba\u8a8d\u3057\u3066\u5224\u65ad\u3059\u308b\u3088\u3046\u306b\u3057\u307e\u3057\u3087\u3046\u3002<\/p>\n<h3>4-4. \u3010\u5b9f\u4f8b\u3011\u81ea\u52d5\u8eca\u696d\u754c\u306eROE\u6bd4\u8f03<\/h3>\n<p>\u5b9f\u969b\u306eROE\u306e\u30c7\u30fc\u30bf\u3092\u898b\u3066\u307f\u307e\u3057\u3087\u3046\u3002<\/p>\n<p>\u4f8b\u3048\u3070\u81ea\u52d5\u8eca\u30e1\u30fc\u30ab\u30fc\u306eROE\u3092\u898b\u3066\u307f\u308b\u3068\u4e0b\u8a18\u306e\u901a\u308a\u3067\u3059\u3002<\/p>\n<p><b>\u3010\u81ea\u52d5\u8eca\u30e1\u30fc\u30ab\u30fc\u306eROE\u6bd4\u8f03\u3011<\/b><\/p>\n<table style=\"width: 100%;\">\n<tbody>\n<tr>\n<td style=\"text-align: center; background-color: #0e5ac8; width: 7.55735%;\">\n<p><span style=\"color: #ffffff;\"><b>\u9806\u4f4d<\/b><\/span><\/p>\n<\/td>\n<td style=\"text-align: center; background-color: #0e5ac8; width: 17.6788%;\">\n<p><span style=\"color: #ffffff;\"><b>\u8a3c\u5238\u30b3\u30fc\u30c9<\/b><\/span><\/p>\n<\/td>\n<td style=\"text-align: center; background-color: #0e5ac8; width: 21.1876%;\">\n<p><span style=\"color: #ffffff;\"><b>\u540d\u79f0<\/b><\/span><\/p>\n<\/td>\n<td style=\"text-align: center; background-color: #0e5ac8; width: 22.4022%;\">\n<p><span style=\"color: #ffffff;\"><b>\u76f4\u8fd1<br \/>\n<\/b><b>\uff082020\u5e74\u5ea6\uff09<\/b><\/span><\/p>\n<\/td>\n<td style=\"text-align: center; background-color: #0e5ac8; width: 15.5196%;\">\n<p><span style=\"color: #ffffff;\"><b>2019\u5e74\u5ea6<\/b><\/span><\/p>\n<\/td>\n<td style=\"text-align: center; background-color: #0e5ac8; width: 15.5196%;\">\n<p><span style=\"color: #ffffff;\"><b>2018\u5e74\u5ea6<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center; width: 7.55735%;\">\n<p><span style=\"font-weight: 400;\">1<\/span><\/p>\n<\/td>\n<td style=\"text-align: center; width: 17.6788%;\">\n<p><span style=\"font-weight: 400;\">7203<\/span><\/p>\n<\/td>\n<td style=\"text-align: center; width: 21.1876%;\">\n<p><b>\u30c8\u30e8\u30bf\u81ea\u52d5\u8eca<\/b><\/p>\n<\/td>\n<td style=\"text-align: center; width: 22.4022%;\">\n<p><b>10.21<\/b><\/p>\n<\/td>\n<td style=\"text-align: center; width: 15.5196%;\">\n<p><b>10.28<\/b><\/p>\n<\/td>\n<td style=\"text-align: center; width: 15.5196%;\">\n<p><b>9.64<\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center; width: 7.55735%; background-color: #efefef;\">\n<p><span style=\"font-weight: 400;\">\uff12<\/span><\/p>\n<\/td>\n<td style=\"text-align: center; width: 17.6788%; background-color: #efefef;\">\n<p><span style=\"font-weight: 400;\">7269<\/span><\/p>\n<\/td>\n<td style=\"text-align: center; width: 21.1876%; background-color: #efefef;\">\n<p><b>\u30b9\u30ba\u30ad<\/b><\/p>\n<\/td>\n<td style=\"text-align: center; width: 22.4022%; background-color: #efefef;\">\n<p><b>9.22<\/b><\/p>\n<\/td>\n<td style=\"text-align: center; width: 15.5196%; background-color: #efefef;\">\n<p><b>9.32<\/b><\/p>\n<\/td>\n<td style=\"text-align: center; width: 15.5196%; background-color: #efefef;\">\n<p><b>13.29<\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center; width: 7.55735%;\">\n<p><span style=\"font-weight: 400;\">\uff13<\/span><\/p>\n<\/td>\n<td style=\"text-align: center; width: 17.6788%;\">\n<p><span style=\"font-weight: 400;\">7267<\/span><\/p>\n<\/td>\n<td style=\"text-align: center; width: 21.1876%;\">\n<p><b>\u30db\u30f3\u30c0<\/b><\/p>\n<\/td>\n<td style=\"text-align: center; width: 22.4022%;\">\n<p><b>7.69<\/b><\/p>\n<\/td>\n<td style=\"text-align: center; width: 15.5196%;\">\n<p><b>5.6<\/b><\/p>\n<\/td>\n<td style=\"text-align: center; width: 15.5196%;\">\n<p><b>7.53<\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center; width: 7.55735%; background-color: #efefef;\">\n<p><span style=\"font-weight: 400;\">\uff14<\/span><\/p>\n<\/td>\n<td style=\"text-align: center; width: 17.6788%; background-color: #efefef;\">\n<p><span style=\"font-weight: 400;\">7270<\/span><\/p>\n<\/td>\n<td style=\"text-align: center; width: 21.1876%; background-color: #efefef;\">\n<p><b>\uff33\uff35\uff22\uff21\uff32\uff35<\/b><\/p>\n<\/td>\n<td style=\"text-align: center; width: 22.4022%; background-color: #efefef;\">\n<p><b>4.38<\/b><\/p>\n<\/td>\n<td style=\"text-align: center; width: 15.5196%; background-color: #efefef;\">\n<p><b>9.2<\/b><\/p>\n<\/td>\n<td style=\"text-align: center; width: 15.5196%; background-color: #efefef;\">\n<p><b>9.36<\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center; width: 7.55735%;\">\n<p><span style=\"font-weight: 400;\">5<\/span><\/p>\n<\/td>\n<td style=\"text-align: center; width: 17.6788%;\">\n<p><span style=\"font-weight: 400;\">7261<\/span><\/p>\n<\/td>\n<td style=\"text-align: center; width: 21.1876%;\">\n<p><b>\u30de\u30c4\u30c0<\/b><\/p>\n<\/td>\n<td style=\"text-align: center; width: 22.4022%;\">\n<p><b>-2.69<\/b><\/p>\n<\/td>\n<td style=\"text-align: center; width: 15.5196%;\">\n<p><b>1.01<\/b><\/p>\n<\/td>\n<td style=\"text-align: center; width: 15.5196%;\">\n<p><b>5.26<\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center; width: 7.55735%; background-color: #efefef;\">\n<p><span style=\"font-weight: 400;\">\uff16<\/span><\/p>\n<\/td>\n<td style=\"text-align: center; width: 17.6788%; background-color: #efefef;\">\n<p><span style=\"font-weight: 400;\">7201<\/span><\/p>\n<\/td>\n<td style=\"text-align: center; width: 21.1876%; background-color: #efefef;\">\n<p><b>\u65e5\u7523\u81ea\u52d5\u8eca<\/b><\/p>\n<\/td>\n<td style=\"text-align: center; width: 22.4022%; background-color: #efefef;\">\n<p><b>-11.2<\/b><\/p>\n<\/td>\n<td style=\"text-align: center; width: 15.5196%; background-color: #efefef;\">\n<p><b>-14.33<\/b><\/p>\n<\/td>\n<td style=\"text-align: center; width: 15.5196%; background-color: #efefef;\">\n<p><b>5.97<\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center; width: 7.55735%;\">\n<p><span style=\"font-weight: 400;\">7<\/span><\/p>\n<\/td>\n<td style=\"text-align: center; width: 17.6788%;\">\n<p><span style=\"font-weight: 400;\">7211<\/span><\/p>\n<\/td>\n<td style=\"text-align: center; width: 21.1876%;\">\n<p><b>\u4e09\u83f1\u81ea\u52d5\u8eca<\/b><\/p>\n<\/td>\n<td style=\"text-align: center; width: 22.4022%;\">\n<p><b>-48.78<\/b><\/p>\n<\/td>\n<td style=\"text-align: center; width: 15.5196%;\">\n<p><b>-3.14<\/b><\/p>\n<\/td>\n<td style=\"text-align: center; width: 15.5196%;\">\n<p><b>16.08<\/b><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>2022\u5e744\u6708\u6642\u70b9\u3067\u78ba\u8a8d\u3067\u304d\u308b\u6700\u65b0\u671f\uff082020\u5e74\u5ea6\uff09\u306eROE\u306e\u9ad8\u3044\u9806\u306b\u4e26\u3079\u3066\u307f\u307e\u3057\u305f\u3002<\/p>\n<p>\u81ea\u52d5\u8eca\u30e1\u30fc\u30ab\u30fc\u306f\u3001\u300c<a href=\"#3-3\">3-3. ROE\u306f\u696d\u754c\u3054\u3068\u306b\u6c34\u6e96\u304c\u7570\u306a\u308b\u305f\u3081\u540c\u696d\u4ed6\u793e\u3067\u6bd4\u8f03\u3059\u308b<\/a>\u300d\u3067\u306f\u8f38\u9001\u7528\u6a5f\u5668\u306b\u8a72\u5f53\u3057\u307e\u3059\u3002\u8f38\u9001\u7528\u6a5f\u5668\u306eROE\u306e\u5e73\u5747\u6c34\u6e96\u306f\u30012022\u5e74\u5ea6\u306f7.60\u30012021\u5e74\u5ea6\u306f8.49\u3067\u3057\u305f\u3002<\/p>\n<p>\u30c8\u30e8\u30bf\u81ea\u52d5\u8eca\u306a\u3069\u306f\u3001\u8f38\u9001\u7528\u6a5f\u5668\u306e\u5e73\u5747\u6c34\u6e96\u3088\u308a\u9ad8\u304410\uff05\u524d\u5f8c\u3067\u3059\u3002\u9ad8\u6c34\u6e96\u3067\u5b89\u5b9a\u7684\u306b\u63a8\u79fb\u3057\u3066\u3044\u308b\u305f\u3081\u3001\u7d4c\u55b6\u52b9\u7387\u304c\u9ad8\u3044\u3068\u8a00\u3048\u307e\u3059\u3002\u4e00\u65b9\u306e\u3001\u4e09\u83f1\u81ea\u52d5\u8eca\u306f\u30013\u671f\u9023\u7d9a\u3067\u3001ROE\u304c\u4f4e\u4e0b\u306e\u4e00\u9014\u3092\u305f\u3069\u3063\u3066\u3044\u308b\u305f\u3081\u6ce8\u610f\u304c\u5fc5\u8981\u3068\u3044\u3048\u307e\u3059\u3002<\/p>\n<h2>5. ROE\u3092\u4f7f\u3063\u3066\u682a\u306e\u53d6\u5f15\u3092\u3059\u308b\u3079\u304d\u4eba<\/h2>\n<p><img decoding=\"async\" src=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image11.jpg\" \/><\/p>\n<p>ROE\u306e\u898b\u65b9\u30fb\u4f7f\u3044\u65b9\u3092\u628a\u63e1\u3067\u304d\u305f\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>ROE\u306b\u3064\u3044\u3066\u306f\u3001\u9577\u671f\u6295\u8cc7\u306b\u6d3b\u7528\u3059\u3079\u304d\u3053\u3068\u306f\u5148\u306b\u3082\u8ff0\u3079\u307e\u3057\u305f\u304c\u3001\u7279\u306b\u4e0b\u8a18\u306b\u5f53\u3066\u306f\u307e\u308b\u4eba\u306f\u3001ROE\u3092\u4f7f\u3063\u3066\u682a\u306e\u53d6\u308a\u5f15\u304d\u3092\u3059\u308b\u3053\u3068\u3092\u304a\u3059\u3059\u3081\u3057\u307e\u3059\u3002<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image2-1.png\" alt=\"\" width=\"1335\" height=\"457\" class=\"aligncenter size-full wp-image-2433\" srcset=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image2-1.png 1335w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image2-1-300x103.png 300w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image2-1-1024x351.png 1024w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image2-1-768x263.png 768w\" sizes=\"(max-width: 1335px) 100vw, 1335px\" \/><\/p>\n<p>\u7406\u7531\u3092\u5177\u4f53\u7684\u306b\u898b\u3066\u3044\u304d\u307e\u3057\u3087\u3046\u3002<\/p>\n<h3>5-1. \u4e00\u6642\u7684\u306a\u682a\u4fa1\u306e\u52d5\u5411\u306b\u632f\u308a\u56de\u3055\u308c\u305a\u9577\u671f\u7684\u8996\u70b9\u3067\u5229\u76ca\u3092\u4e0a\u3052\u305f\u3044\u4eba<\/h3>\n<p><strong>\u4e00\u6642\u7684\u306a\u682a\u4fa1\u306e\u52d5\u5411\u306b\u632f\u308a\u56de\u3055\u308c\u305a\u306b\u9577\u671f\u7684\u306a\u8996\u70b9\u3067\u5229\u76ca\u3092\u4e0a\u3052\u305f\u3044\u4eba\u306f\u3001ROE\u3092\u4f7f\u3063\u3066\u9298\u67c4\u5206\u6790\u3092\u3059\u308b\u3053\u3068\u3092\u304a\u3059\u3059\u3081\u3057\u307e\u3059\u3002<\/strong><\/p>\n<p>ROE\u304c\u5b89\u5b9a\u7684\u306b\u696d\u754c\u5e73\u5747\u4ee5\u4e0a\u306e\u9ad8\u3044\u6c34\u6e96\u3067\u63a8\u79fb\u3057\u3066\u3044\u308b\u3088\u3046\u306a\u9298\u67c4\u306f\u3001\u7d4c\u55b6\u52b9\u7387\u304c\u3088\u3044\u305f\u3081\u9577\u671f\u6295\u8cc7\u306b\u5411\u3044\u3066\u3044\u308b\u9298\u67c4\u3068\u8a00\u3048\u307e\u3059\u3002\u53cd\u5bfe\u306bROE\u304c\u696d\u754c\u6c34\u6e96\u3092\u4e0b\u56de\u3063\u3066\u3044\u305f\u308a\u3001ROE\u306e\u5909\u52d5\u304c\u6fc0\u3057\u304b\u3063\u305f\u308a\u3059\u308b\u9298\u67c4\u306e\u5834\u5408\u306f\u3001\u6295\u8cc7\u8cc7\u672c\u306b\u5bfe\u3057\u3066\u5b89\u5b9a\u7684\u306b\u7a3c\u3050\u4f01\u696d\u3068\u306f\u8a00\u3048\u306a\u3044\u305f\u3081\u3001\u9577\u671f\u6295\u8cc7\u3067\u306f\u907f\u3051\u305f\u65b9\u304c\u3088\u3044\u3068\u8a00\u3048\u307e\u3059\u3002<\/p>\n<p><span style=\"color: #ff0000;\"><strong>\u9577\u671f\u6295\u8cc7\u306b\u9069\u3057\u305f\u9298\u67c4\u304b\u3069\u3046\u304b\u3092\u5224\u65ad\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u305f\u3081\u3001\u9577\u671f\u6295\u8cc7\u306b\u306fROE\u3092\u6d3b\u7528\u3059\u308b\u3068\u3088\u3044\u3067\u3057\u3087\u3046\u3002<\/strong><\/span><\/p>\n<h3>5-2. \u6839\u62e0\u3092\u3082\u3063\u3066\u5805\u5b9f\u306b\u6295\u8cc7\u5148\u3092\u9078\u3073\u305f\u3044\u4eba<\/h3>\n<p><strong>\u76f4\u611f\u3084\u6d41\u884c\u306b\u57fa\u3065\u304f\u306e\u3067\u306a\u304f\u3001\u6839\u62e0\u3092\u6301\u3063\u3066\u5805\u5b9f\u306b\u6295\u8cc7\u5148\u3092\u9078\u3073\u305f\u3044\u4eba\u3082ROE\u3092\u6d3b\u7528\u3059\u308b\u3053\u3068\u3092\u304a\u3059\u3059\u3081\u3057\u307e\u3059\u3002<\/strong><\/p>\n<p>ROE\u306e\u6d3b\u7528\u3092\u542b\u3081\u305f\u300c\u30d5\u30a1\u30f3\u30c0\u30e1\u30f3\u30bf\u30eb\u30ba\u5206\u6790\u300d\u306f\u3001\u4f01\u696d\u306e\u5b9f\u7e3e\u30c7\u30fc\u30bf\u306b\u57fa\u3065\u304d\u4f01\u696d\u306e\u4fa1\u5024\u3092\u6e2c\u3063\u3066\u6295\u8cc7\u3092\u3059\u308b\u65b9\u6cd5\u3067\u3059\u3002<\/p>\n<p><span style=\"color: #ff0000;\"><strong>\u3080\u3084\u307f\u306b\u6295\u8cc7\u3059\u308b\u3088\u308a\u3082\u904e\u53bb\u306e\u30c7\u30fc\u30bf\u306b\u57fa\u3065\u3044\u305f\u63a8\u8a08\u3067\u52dd\u7387\u3092\u4e0a\u3052\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u305f\u3081\u3001\u5805\u5b9f\u306a\u6295\u8cc7\u3092\u3057\u305f\u3044\u4eba\u306f\u3001ROE\u3092\u6d3b\u7528\u3059\u308b\u3088\u3046\u306b\u3057\u307e\u3057\u3087\u3046\u3002<\/strong><\/span><\/p>\n<h3>5-3. \u96a0\u308c\u305f\u512a\u826f\u9298\u67c4\u3092\u898b\u3064\u3051\u305f\u3044\u4eba<\/h3>\n<p><strong>\u96a0\u308c\u305f\u512a\u826f\u9298\u67c4\u3092\u898b\u3064\u3051\u305f\u3044\u4eba\u3082\u3001ROE\u3092\u4f7f\u3063\u3066\u9298\u67c4\u63a2\u3057\u3092\u3059\u308b\u3053\u3068\u3092\u304a\u3059\u3059\u3081\u3057\u307e\u3059\u3002<\/strong><\/p>\n<p>ROE\u3092\u3001\u682a\u4fa1\u304c\u5272\u5b89\u3067\u3042\u308b\u304b\u3069\u3046\u304b\u3092\u5224\u65ad\u3059\u308b\u6307\u6a19\uff08PER\u306a\u3069\uff09\u3068\u4f75\u305b\u3066\u4f7f\u3046\u3053\u3068\u3067\u3001\u7d4c\u55b6\u52b9\u7387\u304c\u3088\u3044\u306e\u306b\u307e\u3060\u5e02\u5834\u304b\u3089\u8a55\u4fa1\u3055\u308c\u3066\u3044\u306a\u3044\u9298\u67c4\uff08\u682a\u4fa1\u304c\u5272\u5b89\u306a\u9298\u67c4\uff09\u3092\u898b\u3064\u3051\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002<\/p>\n<p><span style=\"color: #ff0000;\"><strong>ROE\u306f\u512a\u826f\u306a\u6295\u8cc7\u5148\u3092\u63a2\u3059\u969b\u306b\u5f79\u7acb\u3064\u6307\u6a19\u306e\u305f\u3081\u3001\u305c\u3072\u6d3b\u7528\u3059\u308b\u3088\u3046\u306b\u3057\u307e\u3057\u3087\u3046\u3002<\/strong><\/span><\/p>\n<h2>6. ROE\u3092\u4f7f\u3046\u4e0a\u3067\u306e\u6ce8\u610f\u70b9<\/h2>\n<p><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image12.jpg\" alt=\"\" width=\"1000\" height=\"667\" class=\"aligncenter size-full wp-image-2442\" srcset=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image12.jpg 1000w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image12-300x200.jpg 300w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image12-768x512.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><\/p>\n<p>ROE\u3092\u6d3b\u7528\u3059\u3079\u304d\u4eba\u306b\u3064\u3044\u3066\u7d39\u4ecb\u3057\u307e\u3057\u305f\u3002\u3057\u304b\u3057\u3001ROE\u3092\u6d3b\u7528\u3059\u308b\u969b\u306b\u306f\u6ce8\u610f\u3057\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u70b9\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<p>\u305d\u308c\u306f\u6b21\u306e3\u70b9\u3067\u3059\u3002<\/p>\n<p>\u3010ROE\u3092\u4f7f\u3046\u4e0a\u3067\u306e\u6ce8\u610f\u70b9\u3011<\/p>\n<ul>\n<li>ROE\u306f\u73fe\u5728\u3088\u308a\u3082\u4eca\u5f8c\u9ad8\u304f\u306a\u308b\u53ef\u80fd\u6027\u306e\u3042\u308b\u3082\u306e\u3092\u9078\u3076<\/li>\n<li>\u73fe\u5728\u306e\u682a\u4fa1\u3082\u78ba\u8a8d\u3059\u308b<\/li>\n<li>ROA\u3068\u4f75\u305b\u3066\u4f7f\u3046<\/li>\n<\/ul>\n<p>\u8a73\u3057\u3044\u5185\u5bb9\u306f\u6b21\u306e\u901a\u308a\u3067\u3059\u3002<\/p>\n<h3>6-1. ROE\u306f\u73fe\u5728\u3088\u308a\u3082\u5c06\u6765\u7684\u306b\u9ad8\u304f\u306a\u308b\u53ef\u80fd\u6027\u306e\u3042\u308b\u3082\u306e\u3092\u9078\u3076<\/h3>\n<p><strong><span style=\"color: #ff0000;\">ROE\u3092\u4f7f\u3046\u969b\u306b\u306f\u3001\u6570\u5024\u3060\u3051\u3092\u898b\u3066\u5224\u65ad\u3059\u308b\u306e\u3067\u306a\u304f\u3001\u4e0b\u8a18\u306e\u60c5\u5831\u6e90\u306a\u3069\u3092\u78ba\u8a8d\u3057\u3066\u3001\u4eca\u5f8c\u9ad8\u304f\u306a\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u304b\u3069\u3046\u304b\u3092\u8003\u3048\u3066\u9078\u3076\u3088\u3046\u306b\u3057\u307e\u3057\u3087\u3046\u3002<\/span><\/strong><\/p>\n<p><strong>\u3008\u78ba\u8a8d\u3057\u305f\u3044\u60c5\u5831\u6e90\uff1e<\/strong><\/p>\n<ul>\n<li>\u4f01\u696d\u306e\u30cb\u30e5\u30fc\u30b9\u30ea\u30ea\u30fc\u30b9<br \/>\n\u3000\u3000\u3000\u65b0\u88fd\u54c1\u306e\u30ea\u30ea\u30fc\u30b9\u60c5\u5831\u3001\u88fd\u54c1\u306e\u30de\u30a4\u30ca\u30fc\u30c1\u30a7\u30f3\u30b8\u60c5\u5831\u3001\u4f01\u696d\u518d\u7de8\u306e\u60c5\u5831\u306a\u3069\u3092\u78ba\u8a8d\u3059\u308b\u3002<\/li>\n<li>\u6295\u8cc7\u30fb\u4f01\u696d\u60c5\u5831\u30b5\u30a4\u30c8\u306e\u30cb\u30e5\u30fc\u30b9<br \/>\n\u3000\u3000\u3000\u4f01\u696d\u306e\u8d77\u3053\u3057\u305f\u4e8b\u6545\u30fb\u30c8\u30e9\u30d6\u30eb\u306b\u3064\u3044\u3066\u306e\u30cb\u30e5\u30fc\u30b9\u3001\u696d\u754c\u306e\u666f\u6c17\u306a\u3069\u3092\u78ba\u8a8d\u3059\u308b\u3002<\/li>\n<\/ul>\n<p>ROE\u306f\u3001\u81ea\u5df1\u8cc7\u672c\u3068\u7d14\u5229\u76ca\u3068\u3044\u3046\u904e\u53bb\u306e\u5b9f\u7e3e\u30c7\u30fc\u30bf\u306b\u57fa\u3065\u3044\u3066\u8a08\u7b97\u3059\u308b\u3082\u306e\u3067\u3059\u3002\u6295\u8cc7\u306b\u306f\u3001\u3067\u304d\u308b\u3060\u3051\u5148\u306e\u72b6\u6cc1\u3092\u77e5\u308b\u5fc5\u8981\u304c\u3042\u308b\u305f\u3081\u3001\u4f01\u696d\u306e\u5c06\u6765\u306e\u696d\u7e3e\u306b\u95a2\u4fc2\u3057\u305d\u3046\u306a\u30cb\u30e5\u30fc\u30b9\u3092\u4e0a\u8a18\u306e\u60c5\u5831\u6e90\u304b\u3089\u628a\u63e1\u3057\u5c06\u6765\u7684\u306b\u9ad8\u3044\u5229\u76ca\u304c\u898b\u8fbc\u3081\u308b\u304b\u3069\u3046\u304b\u5224\u65ad\u3059\u308b\u3088\u3046\u306b\u3057\u307e\u3057\u3087\u3046\u3002\u4e00\u65b9\u3067\u3001\u4e8b\u6545\u3084\u30c8\u30e9\u30d6\u30eb\u306a\u3069\u306e\u8d64\u5b57\u306b\u306a\u308a\u305d\u3046\u306a\u4e8b\u60c5\u3092\u62b1\u3048\u3066\u3044\u308b\u4f01\u696d\u306f\u907f\u3051\u308b\u3053\u3068\u304c\u8ce2\u660e\u3067\u3059\u3002<\/p>\n<h3>6-2. \u73fe\u5728\u306e\u682a\u4fa1\u3082\u78ba\u8a8d\u3059\u308b<\/h3>\n<p><span style=\"color: #ff0000;\"><strong>ROE\u3092\u4f7f\u3046\u969b\u306b\u306f\u3001\u73fe\u5728\u306e\u682a\u4fa1\u3082\u4f75\u305b\u3066\u78ba\u8a8d\u3059\u308b\u3088\u3046\u306b\u3057\u307e\u3057\u3087\u3046\u3002<\/strong><\/span><\/p>\n<p>\u306a\u305c\u306a\u3089\u3001ROE\u306f\u682a\u4fa1\u3068\u306f\u95a2\u4fc2\u306a\u304f\u8a08\u7b97\u3055\u308c\u308b\u6307\u6a19\u306e\u305f\u3081\u3001ROE\u306e\u6570\u5024\u304c\u3088\u304f\u3066\u3082\u3059\u3067\u306b\u682a\u4fa1\u304c\u9ad8\u5024\u570f\u306b\u306a\u3063\u3066\u3044\u308b\u30b1\u30fc\u30b9\u304c\u3042\u308b\u304b\u3089\u3067\u3059\u3002<\/p>\n<p>\u3059\u3067\u306b\u682a\u4fa1\u304c\u5272\u9ad8\u306b\u306a\u3063\u3066\u3044\u308b\u5834\u5408\u3001ROE\u304c\u9ad8\u304f\u3066\u3082\u4eca\u5f8c\u3055\u3089\u306b\u682a\u4fa1\u304c\u4e0a\u304c\u308b\u53ef\u80fd\u6027\u306f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n<p>\u6295\u8cc7\u5224\u65ad\u3092\u3059\u308b\u969b\u306b\u306f\u3001ROE\u3060\u3051\u3067\u5224\u65ad\u3059\u308b\u306e\u3067\u306a\u304f\u3001\u73fe\u5728\u306e\u682a\u4fa1\u3092\u78ba\u8a8d\u3057\u682a\u4fa1\u304c\u9ad8\u6b62\u307e\u308a\u3057\u3066\u3044\u306a\u3044\u304b\u3069\u3046\u304b\u3001\u5272\u9ad8\u306b\u306a\u3063\u3066\u3044\u306a\u3044\u304b\u306a\u3069\u78ba\u8a8d\u3059\u308b\u3088\u3046\u306b\u3057\u307e\u3057\u3087\u3046\u3002<\/p>\n<h3>6-3. ROA\u3068\u4f75\u305b\u3066\u4f7f\u3046<\/h3>\n<p><strong><span style=\"color: #ff0000;\">\u7d4c\u55b6\u306e\u52b9\u7387\u6027\u3092\u898b\u308b\u6642\u306f\u3001ROE\u3068\u4f75\u305b\u3066ROA\u3082\u898b\u308b\u3088\u3046\u306b\u3057\u307e\u3057\u3087\u3046\u3002<\/span><\/strong><\/p>\n<p><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image13.png\" alt=\"\" width=\"1195\" height=\"361\" class=\"aligncenter size-full wp-image-2443\" srcset=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image13.png 1195w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image13-300x91.png 300w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image13-1024x309.png 1024w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image13-768x232.png 768w\" sizes=\"(max-width: 1195px) 100vw, 1195px\" \/><\/p>\n<p>ROE\u304c\u81ea\u5df1\u8cc7\u672c\u306b\u5bfe\u3059\u308b\u5229\u76ca\u306e\u5272\u5408\u3092\u793a\u3059\u306e\u306b\u5bfe\u3057\u3066\u3001ROA\u306f\u81ea\u5df1\u8cc7\u672c\u306b\u52a0\u3048\u3066\u501f\u5165\u91d1\u306a\u3069\u306e\u4ed6\u4eba\u8cc7\u672c\u3092\u542b\u3081\u305f\u7dcf\u8cc7\u7523\u306b\u5bfe\u3057\u3066\u306e\u5229\u76ca\u306e\u5272\u5408\u3092\u793a\u3057\u307e\u3059\u3002<\/p>\n<p>ROA\u3092\u898b\u308b\u7406\u7531\u306f\u3001ROE\u304c\u9ad8\u304f\u3066\u3082\u5fc5\u305a\u3057\u3082\u53ce\u76ca\u6027\u304c\u9ad8\u3044\u3068\u306f\u8a00\u3048\u306a\u3044\u5834\u5408\u304c\u3042\u308b\u304b\u3089\u3067\u3059\u3002\u4f8b\u3048\u3070\u3001\u3082\u3068\u3082\u3068\u501f\u5165\u91d1\u304c\u591a\u304f\u3066\u81ea\u5df1\u8cc7\u672c\u306e\u5c0f\u3055\u3044\u4f1a\u793e\u306a\u3069\u306e\u30b1\u30fc\u30b9\u3067\u3059\u3002<\/p>\n<p>\u305d\u3046\u3057\u305f\u5834\u5408\u306f\u3001ROE\u3068ROA\u3068\u6bd4\u3079\u3066\u307f\u3066\u3001ROA\u3068ROE\u306e\u5927\u304d\u3055\u306b\u9694\u305f\u308a\u304c\u306a\u3044\u304b\u3069\u3046\u304b\u78ba\u8a8d\u3057\u307e\u3057\u3087\u3046\u3002\u304b\u306a\u308a\u5024\u304c\u9055\u3046\u5834\u5408\u306b\u306f\u3001\u4ed6\u4eba\u8cc7\u672c\uff08\u501f\u5165\u91d1\u306a\u3069\uff09\u304c\u591a\u3044\u3053\u3068\u304c\u5206\u304b\u308a\u307e\u3059\u3002<\/p>\n<p>\u4f8b\u3048\u3070\u4e0b\u8a18\u306e\u4f8b\u3092\u898b\u6bd4\u3079\u3066\u307f\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n<div class=\"attention a-1\">\n<p>\u3010\u4f8b\u3011<br \/>\nA\u793e\u3000\u5f53\u671f\u7d14\u5229\u76ca\u3000100\u4e07\u5186\u3000\u81ea\u5df1\u8cc7\u672c20\u4e07\u5186\u3000\u4ed6\u4eba\u8cc7\u672c80\u4e07\u5186\u3000\u7dcf\u8cc7\u7523100\u4e07\u5186<br \/>\nB\u793e\u3000\u5f53\u671f\u7d14\u5229\u76ca\u3000100\u4e07\u5186\u3000\u81ea\u5df1\u8cc7\u672c80\u4e07\u5186\u3000\u4ed6\u4eba\u8cc7\u672c20\u4e07\u5186\u3000\u7dcf\u8cc7\u7523100\u4e07\u5186<br \/>\n\u306e\u30b1\u30fc\u30b9\u3002<\/p>\n<p>A\u793e\u3000ROE\u3000\uff1d\u3000100\u4e07\u5186\u3000\u00f7\u300020\u4e07\u5186\u3000\uff1d\u30005<br \/>\n\u3000\u3000\u3000ROA\u3000\uff1d\u3000100\u4e07\u5186\u3000\u00f7\u3000100\u4e07\u5186\u3000\uff1d\u3000\uff11<br \/>\nB\u793e\u3000ROE\u3000\uff1d\u3000100\u4e07\u5186\u3000\u00f7\u300080\u4e07\u5186\u3000\uff1d\u30001.25<br \/>\n\u3000\u3000\u3000ROA\u3000\uff1d\u3000100\u4e07\u5186\u3000\u00f7\u3000100\u4e07\u5186\u3000\uff1d\u3000\uff11<\/p>\n<p>\u81ea\u5df1\u8cc7\u672c\u304c\u5c0f\u3055\u304f\u4ed6\u4eba\u8cc7\u672c\u306e\u5927\u304d\u3044A\u793e\u306e\u5834\u5408\u306f\u3001ROE\u3068ROA\u306f5\u5bfe1\u3082\u306e\u5dee\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<\/div>\n<p>ROE\u3067\u9298\u67c4\u3092\u9078\u3076\u969b\u306b\u306f\u3001ROA\u3092\u4f75\u305b\u3066\u4f7f\u3046\u3088\u3046\u306b\u3057\u307e\u3057\u3087\u3046\u3002\u3000<\/p>\n<h2>7. \u6b20\u70b9\u3092\u88dc\u3046\u305f\u3081\u306b\u3082\u4ed6\u306e\u4e3b\u8981\u6307\u6a19\u3068\u5408\u308f\u305b\u3066\u4f7f\u3046<\/h2>\n<p><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image14-1.jpg\" alt=\"\" width=\"1000\" height=\"667\" class=\"aligncenter size-full wp-image-2444\" srcset=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image14-1.jpg 1000w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image14-1-300x200.jpg 300w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image14-1-768x512.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><\/p>\n<p>ROE\u306f\u3001\u9577\u671f\u6295\u8cc7\u3092\u3057\u305f\u3044\u5834\u5408\u3084\u5805\u5b9f\u306a\u9298\u67c4\u9078\u3073\u3092\u3057\u305f\u3044\u5834\u5408\u306b\u5f79\u7acb\u3064\u3068\u304a\u4f1d\u3048\u3057\u307e\u3057\u305f\u3002\u3057\u304b\u3057\u3001ROE\u306f\u3001\u4e07\u80fd\u306a\u6307\u6a19\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n<p>\u9577\u671f\u6295\u8cc7\u306b\u304a\u3044\u3066\u682a\u3092\u9078\u3076\u969b\u306b\u691c\u8a0e\u3057\u305f\u3044\u70b9\u306f\u3001\u7d4c\u55b6\u306e\u52b9\u7387\u6027\u3060\u3051\u3067\u306f\u306a\u3044\u304b\u3089\u3067\u3059\u3002<\/p>\n<p>\u6295\u8cc7\u5148\u3092\u9078\u3076\u969b\u306b\u306f\u3001\u7d4c\u55b6\u306e\u52b9\u7387\u6027\u4ee5\u5916\u306b\u3082\u53ce\u76ca\u6027\u3084\u5b89\u5168\u6027\u306a\u3069\u3068\u3044\u3063\u305f\u70b9\u3092\u8003\u616e\u3057\u306a\u3051\u308c\u3070\u306a\u308a\u307e\u305b\u3093\u3002\u3057\u304b\u3057\u3001ROE\u3067\u306f\u305d\u3046\u3057\u305f\u5224\u65ad\u306f\u3067\u304d\u306a\u3044\u305f\u3081\u3001\u88dc\u5b8c\u7684\u306b\u4ed6\u306e\u6307\u6a19\u3068\u7d44\u307f\u5408\u308f\u305b\u3066\u4f7f\u3046\u3088\u3046\u306b\u3057\u307e\u3057\u3087\u3046\u3002<\/p>\n<p>\u4f8b\u3048\u3070\u3001\u4e0b\u8a18\u306e\u3088\u3046\u306a\u6307\u6a19\u3092\u4f75\u7528\u3059\u308b\u3053\u3068\u304c\u304a\u3059\u3059\u3081\u3067\u3059\u3002<\/p>\n<p>\u25a0\u682a\u4fa1\u306e\u5272\u5b89\u30fb\u5272\u9ad8\u611f\u3092\u898b\u308b\u6307\u6a19<\/p>\n<table style=\"width: 100%; height: 201px;\">\n<tbody>\n<tr style=\"height: 67px;\">\n<td style=\"height: 67px; text-align: center; background-color: #0e5ac8;\">\n<p><span style=\"color: #ffffff;\"><b>\u6307\u6a19\u540d<\/b><\/span><\/p>\n<\/td>\n<td style=\"height: 67px; text-align: center; background-color: #0e5ac8;\">\n<p><span style=\"color: #ffffff;\"><b>\u5185\u5bb9\u30fb\u898b\u65b9<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"height: 67px; text-align: center;\">\n<p><b>PER\uff08\u682a\u4fa1\u53ce\u76ca\u7387\uff09<\/b><\/p>\n<\/td>\n<td style=\"height: 67px;\">\n<p><span style=\"font-weight: 400;\">\u300c\u4f01\u696d\u306e\u53ce\u76ca\u300d\u306b\u5bfe\u3059\u308b\u682a\u4fa1\u306e\u5272\u5b89\u30fb\u5272\u9ad8\u611f\u3092\u793a\u3059\u6307\u6a19\u3002\u4f4e\u3044\u65b9\u304c\u5272\u5b89\u3002<\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 67px;\">\n<td style=\"height: 67px; text-align: center;\">\n<p><b>PBR\uff08\u682a\u4fa1\u7d14\u8cc7\u7523\u500d\u7387\uff09<\/b><\/p>\n<\/td>\n<td style=\"height: 67px;\">\n<p><span style=\"font-weight: 400;\">\u300c\u4f01\u696d\u306e\u7d14\u8cc7\u7523\u300d\u306b\u5bfe\u3059\u308b\u682a\u4fa1\u306e\u5272\u5b89\u30fb\u5272\u9ad8\u611f\u3092\u793a\u3059\u6307\u6a19\u3002<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>\u300c<a href=\"https:\/\/official.gfs.tokyo\/blog\/stock-per-pbr\">\u682a\u306e\u5272\u9ad8\u30fb\u5272\u5b89\u306fPER\u3068PBR\u3067\u5206\u304b\u308b\uff01\u6307\u6a19\u306e\u4f7f\u3044\u65b9\u3068\u6ce8\u610f\u70b9<\/a>\u300d\u3067\u306f\u3001\u3053\u306e\u6307\u6a19\u306e\u4f7f\u3044\u65b9\u3092\u3088\u308a\u8a73\u3057\u304f\u89e3\u8aac\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u25a0\u4f01\u696d\u306e\u5c06\u6765\u6027\u30fb\u6210\u9577\u6027\u3092\u898b\u308b\u6307\u6a19<\/p>\n<table style=\"width: 100%; height: 157px;\">\n<tbody>\n<tr style=\"height: 67px;\">\n<td style=\"text-align: center; background-color: #0e5ac8; height: 67px;\">\n<p><span style=\"color: #ffffff;\"><b>\u6307\u6a19\u540d<\/b><\/span><\/p>\n<\/td>\n<td style=\"text-align: center; background-color: #0e5ac8; height: 67px;\">\n<p><span style=\"color: #ffffff;\"><b>\u5185\u5bb9\u30fb\u898b\u65b9<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 90px;\">\n<td style=\"height: 90px;\">\n<p style=\"text-align: center;\"><b>EPS\uff08\u4e00\u682a\u3042\u305f\u308a\u7d14\u5229\u76ca\uff09<\/b><\/p>\n<\/td>\n<td style=\"height: 90px;\">\n<p><span style=\"font-weight: 400;\">1\u682a\u306b\u5bfe\u3057\u3066\u4f1a\u793e\u306e\u7d14\u5229\u76ca\u304c\u3069\u306e\u304f\u3089\u3044\u51fa\u3066\u3044\u308b\u304b\u3092\u8868\u3059\u3002\u6570\u5e74\u9593\u306e\u63a8\u79fb\u3092\u898b\u3066\u4e0a\u6607\u3057\u3066\u3044\u308c\u3070\u3001\u6210\u9577\u4f01\u696d\u3068\u5224\u65ad\u3067\u304d\u308b\u3002<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>\u25a0\u4f01\u696d\u306e\u5b89\u5168\u6027\u3092\u898b\u308b\u6307\u6a19<\/p>\n<table>\n<tbody>\n<tr>\n<td style=\"text-align: center; background-color: #0e5ac8;\">\n<p><span style=\"color: #ffffff;\"><b>\u6307\u6a19\u540d<\/b><\/span><\/p>\n<\/td>\n<td style=\"text-align: center; background-color: #0e5ac8;\">\n<p><span style=\"color: #ffffff;\"><b>\u5185\u5bb9\u30fb\u898b\u65b9<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p style=\"text-align: center;\"><b>BPS\uff08\u4e00\u682a\u5f53\u305f\u308a\u7d14\u8cc7\u7523\uff09<\/b><\/p>\n<\/td>\n<td>\n<p><span style=\"font-weight: 400;\">1\u682a\u306b\u5bfe\u3057\u3066\u4f1a\u793e\u306e\u7d14\u8cc7\u7523\u304c\u3044\u304f\u3089\u3042\u308b\u304b\u3092\u8868\u3059\u3002\u4e00\u682a\u5f53\u305f\u308a\u7d14\u8cc7\u7523\u306f\u3001\u4f1a\u793e\u304c\u89e3\u6563\u3057\u305f\u5834\u5408\u3001\u682a\u4e3b\u306e\u3082\u3068\u306b\u6b8b\u308b\u4fa1\u5024\u306b\u306a\u308b\u305f\u3081\u300c1\u682a\u5f53\u305f\u308a\u89e3\u6563\u4fa1\u5024\u300d\u3068\u3082\u547c\u3070\u308c\u308b\u3002\u9ad8\u3044\u307b\u3069\u7d14\u8cc7\u7523\u304c\u591a\u304f\u8ca0\u50b5\u304c\u5c11\u306a\u3044\u305f\u3081\u3001\u5b89\u5168\u6027\u304c\u9ad8\u3044\u3068\u5224\u65ad\u3055\u308c\u308b\u3002<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>\u6295\u8cc7\u5148\u3092\u9078\u3076\u969b\u306b\u306f\u3001\u4e00\u3064\u306e\u6307\u6a19\u306b\u983c\u3089\u305a\u3001\u3055\u307e\u3056\u307e\u306a\u6307\u6a19\u3092\u898b\u6bd4\u3079\u3066\u300c\u5c06\u6765\u6027\u300d\u300c\u5b89\u5168\u6027\u300d\u300c\u5272\u5b89\u611f\u300d\u306a\u3069\u306e\u70b9\u306b\u3064\u3044\u3066\u591a\u9762\u7684\u306b\u8003\u3048\u308b\u3053\u3068\u304c\u5927\u5207\u3067\u3059\u3002<\/p>\n<p>\u6295\u8cc7\u3092\u6210\u529f\u3055\u305b\u308b\u305f\u3081\u306b\u306f\u3001\u3053\u3046\u3057\u305f\u9298\u67c4\u9078\u3073\u306e\u5206\u6790\u529b\u3092\u990a\u3046\u3053\u3068\u3082\u5927\u5207\u3067\u3059\u3002\u3055\u3089\u306b\u6295\u8cc7\u306b\u3064\u3044\u3066\u5b66\u3073\u305f\u3044\u5834\u5408\u306b\u306f\u3001\u6295\u8cc7\u306e\u30d7\u30ed\u304b\u3089\u5b66\u3076\u6a5f\u4f1a\u3092\u6301\u3064\u3068\u3088\u3044\u3067\u3057\u3087\u3046\u3002<\/p>\n<p>\u4f8b\u3048\u3070\u3001\u5f0a\u793eGFS\u76e3\u4fee\u300c\u6295\u8cc7\u306e\u9054\u4eba\u8b1b\u5ea7\u300d\u304c\u304a\u3059\u3059\u3081\u3067\u3059\u3002<\/p>\n<div class=\"xcd-btn-5 xcd-col5 xcd-ripple\">\n<p style=\"text-align: left;\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2021\/11\/tatuzin-1024x589.jpg\" alt=\"tatuzin\" width=\"868\" height=\"499\" class=\"aligncenter wp-image-16852 size-large\" srcset=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2021\/11\/tatuzin-1024x589.jpg 1024w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2021\/11\/tatuzin-300x172.jpg 300w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2021\/11\/tatuzin-768x442.jpg 768w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2021\/11\/tatuzin-1536x883.jpg 1536w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2021\/11\/tatuzin-2048x1177.jpg 2048w\" sizes=\"(max-width: 868px) 100vw, 868px\" \/>\u300c\u6295\u8cc7\u306e\u9054\u4eba\u8b1b\u5ea7\u300d\u3067\u306f\u3001<br \/>\n<span style=\"color: #339966; font-size: 14pt;\">\u3053\u308c\u304b\u3089\u3001\u6295\u8cc7\u3092\u59cb\u3081\u308b\u65b9\u306b\u304a\u5f97\u306a\u5185\u5bb9\u304c\u76db\u308a\u3060\u304f\u3055\u3093\uff01<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400; text-align: left;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u6295\u8cc7\u306e\u8003\u3048\u65b9\u3001\u6295\u8cc7\u306e\u52c9\u5f37\u65b9\u6cd5<\/span><\/li>\n<li style=\"font-weight: 400; text-align: left;\" aria-level=\"1\"><span style=\"font-weight: 400;\">NISA\u30fbiDeCo\u306e\u6d3b\u7528\u65b9\u6cd5<\/span><\/li>\n<li style=\"font-weight: 400; text-align: left;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u4e0a\u304c\u308a\u7d9a\u3051\u308b\u5132\u304b\u308b\u6295\u8cc7\u4fe1\u8a17\u306e\u898b\u3064\u3051\u65b9<\/span><\/li>\n<li style=\"font-weight: 400; text-align: left;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u4e16\u754c\u7d4c\u6e08\u306e\u8aad\u307f\u65b9<\/span><\/li>\n<li style=\"font-weight: 400; text-align: left;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u5132\u304b\u308b\u4e0d\u52d5\u7523\u306e\u898b\u3064\u3051\u65b9<\/span><\/li>\n<li style=\"font-weight: 400; text-align: left;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u6295\u8cc7\u3067\u9a19\u3055\u308c\u306a\u3044\u65b9\u6cd5<br \/>\n<\/span>\u307b\u304b<\/li>\n<\/ul>\n<p style=\"text-align: left;\">\u300c\u6295\u8cc7\u306e\u9054\u4eba\u8b1b\u5ea7\u300d\u306f\u3053\u308c\u307e\u306772\u4e07\u4eba\u4ee5\u4e0a\u304c\u53c2\u52a0\uff01<br \/>\n\u6771\u4eac\u5546\u5de5\u30ea\u30b5\u30fc\u30c1\u306e\u8abf\u67fb\u3067<span style=\"color: #ff0000;\">\u53d7\u8b1b\u6e80\u8db3\u5ea693.9%<\/span>\u3068\u5927\u5909\u9ad8\u3044\u8a55\u4fa1\u3092\u53d7\u3051\u3066\u3044\u308b\u8b1b\u5ea7\u3067\u3059\u3002<\/p>\n<p style=\"text-align: left;\">\u30aa\u30f3\u30e9\u30a4\u30f3\u3067\u5834\u6240\u3068\u6642\u9593\u3092\u554f\u308f\u305a\u306b\u5b66\u7fd2\u304c\u3067\u304d\u308b\u306e\u3067\u3069\u3093\u306a\u65b9\u3067\u3082\u6c17\u8efd\u306b\u53d7\u8b1b\u3067\u304d\u307e\u3059\uff01\u3000<br \/>\n\u6c17\u306b\u306a\u308b\u4eba\u306f\u305c\u3072\u7121\u6599\u8b1b\u5ea7\u304b\u3089\u304a\u8a66\u3057\u304f\u3060\u3055\u3044\uff01<\/p>\n<div><a class=\"xcd-btn-title\" href=\"https:\/\/toushi-up.com\/ow\/05.html?argument=XJhet6w1&amp;dmai=a61fa3c06f5c63\">\u7121\u6599\u8b1b\u5ea7\u3092\u8996\u8074\u3057\u3066\u307f\u308b<\/a><\/div>\n<\/div>\n<h2>\u682a\u306eROE\u306b\u95a2\u3059\u308bQ&amp;A<\/h2>\n<p>\u3053\u3053\u3067\u306f\u682a\u306eROE\u306b\u95a2\u3059\u308b\u7591\u554f\u306b\u3064\u3044\u3066\u304a\u7b54\u3048\u3057\u307e\u3059\u3002<\/p>\n<ul>\n<li>ROE\u304c10\u30d1\u30fc\u30bb\u30f3\u30c8\u306e\u4f01\u696d\u306f\u826f\u3044\u3067\u3059\u304b\uff1f<\/li>\n<li>ROE\u304c\u9ad8\u3044\u3068\u4f55\u304c\u3044\u3044\u3067\u3059\u304b\uff1f<\/li>\n<li>ROE\u304c\u9ad8\u3044\u304b\u4f4e\u3044 \u3069\u3063\u3061\u304c\u3044\u3044\uff1f<\/li>\n<\/ul>\n<h3>ROE\u304c10\u30d1\u30fc\u30bb\u30f3\u30c8\u306e\u4f01\u696d\u306f\u826f\u3044\u3067\u3059\u304b\uff1f<\/h3>\n<p>ROE\u306e\u76ee\u5b89\u306f8\uff05\u301c10\uff05\u3068\u8a00\u308f\u308c\u3066\u3044\u307e\u3059\u300210\uff05\u4ee5\u4e0a\u3067\u3042\u308b\u3068\u512a\u826f\u300120\uff05\u4ee5\u4e0a\u3042\u308b\u3068\u304b\u306a\u308a\u512a\u826f\u3067\u3042\u308b\u3068\u3055\u308c\u3066\u3044\u307e\u3059\u3002\u3057\u304b\u3057\u305d\u306e\u8a55\u4fa1\u306f\u696d\u754c\u7279\u6027\u3001\u8cc7\u672c\u69cb\u9020\u3001\u6301\u7d9a\u53ef\u80fd\u6027\u3001\u6210\u9577\u7387\u306a\u3069\u3092\u7dcf\u5408\u7684\u306b\u8003\u616e\u3059\u308b\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<h3>ROE\u304c\u9ad8\u3044\u3068\u4f55\u304c\u3044\u3044\u3067\u3059\u304b?\u00a0<\/h3>\n<p>\nROE\u304c\u9ad8\u3044\u3068\u826f\u3044\u3053\u3068\u306f\u4e0b\u8a185\u3064\u3068\u306a\u308a\u307e\u3059\u3002<\/p>\n<p>1. \u52b9\u7387\u7684\u306a\u8cc7\u672c\u5229\u7528<br \/>\n\u9ad8\u3044ROE\u306f\u3001\u4f01\u696d\u304c\u682a\u4e3b\u304b\u3089\u63d0\u4f9b\u3055\u308c\u305f\u8cc7\u672c\u3092\u52b9\u7387\u7684\u306b\u5229\u7528\u3057\u3066\u5229\u76ca\u3092\u4e0a\u3052\u3066\u3044\u308b\u3053\u3068\u3092\u793a\u3057\u307e\u3059\u3002\u3053\u308c\u306f\u3001\u4f01\u696d\u304c\u5c11\u306a\u3044\u8cc7\u672c\u3067\u591a\u304f\u306e\u5229\u76ca\u3092\u751f\u307f\u51fa\u3057\u3066\u3044\u308b\u3053\u3068\u3092\u610f\u5473\u3057\u3001\u8cc7\u672c\u52b9\u7387\u306e\u9ad8\u3055\u3092\u793a\u3057\u307e\u3059 \u3002<br \/>\n2. \u6295\u8cc7\u5bb6\u306b\u3068\u3063\u3066\u306e\u9b45\u529b<br \/>\n\u9ad8\u3044ROE\u306f\u4f01\u696d\u306e\u53ce\u76ca\u6027\u304c\u9ad8\u3044\u3053\u3068\u3092\u793a\u3057\u3001\u6295\u8cc7\u5bb6\u306b\u3068\u3063\u3066\u9b45\u529b\u7684\u3067\u3059\u3002\u53ce\u76ca\u6027\u306e\u9ad8\u3044\u4f01\u696d\u306f\u3001\u682a\u4e3b\u3078\u306e\u914d\u5f53\u91d1\u3084\u682a\u4fa1\u306e\u4e0a\u6607\u3092\u901a\u3058\u3066\u30ea\u30bf\u30fc\u30f3\u3092\u63d0\u4f9b\u3059\u308b\u53ef\u80fd\u6027\u304c\u9ad8\u3044\u305f\u3081\u3001\u6295\u8cc7\u5bb6\u306e\u6ce8\u76ee\u3092\u96c6\u3081\u3084\u3059\u3044\u3067\u3059 \u3002<br \/>\n3. \u4f01\u696d\u306e\u7af6\u4e89\u529b<br \/>\n\u9ad8\u3044ROE\u306f\u3001\u4f01\u696d\u304c\u7af6\u4e89\u529b\u3092\u6301\u3063\u3066\u3044\u308b\u3053\u3068\u3092\u793a\u3059\u5834\u5408\u304c\u3042\u308a\u307e\u3059\u3002\u8cc7\u672c\u3092\u52b9\u7387\u7684\u306b\u6d3b\u7528\u3057\u3001\u9ad8\u3044\u5229\u76ca\u3092\u4e0a\u3052\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u4f01\u696d\u306f\u3001\u5e02\u5834\u3067\u306e\u7af6\u4e89\u306b\u304a\u3044\u3066\u512a\u4f4d\u306b\u7acb\u3064\u3053\u3068\u304c\u3067\u304d\u307e\u3059 \u3002<br \/>\n4. \u6210\u9577\u306e\u6301\u7d9a\u53ef\u80fd\u6027<br \/>\n\u9ad8\u3044ROE\u3092\u7dad\u6301\u3067\u304d\u308b\u4f01\u696d\u306f\u3001\u6301\u7d9a\u7684\u306a\u6210\u9577\u3092\u5b9f\u73fe\u3057\u3084\u3059\u3044\u3067\u3059\u3002\u4f01\u696d\u304c\u7a3c\u3044\u3060\u5229\u76ca\u3092\u518d\u6295\u8cc7\u3059\u308b\u3053\u3068\u3067\u3001\u3055\u3089\u306b\u9ad8\u3044\u53ce\u76ca\u3092\u751f\u307f\u51fa\u3057\u3001\u6210\u9577\u3092\u7d9a\u3051\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059 \u3002<br \/>\n5. \u8ca1\u52d9\u306e\u5065\u5168\u6027<br \/>\n\u9ad8\u3044ROE\u306f\u4f01\u696d\u306e\u8ca1\u52d9\u5065\u5168\u6027\u3092\u793a\u3059\u3053\u3068\u3082\u3042\u308a\u307e\u3059\u3002\u4f01\u696d\u304c\u81ea\u5df1\u8cc7\u672c\u3092\u52b9\u7387\u7684\u306b\u6d3b\u7528\u3057\u3066\u3044\u308b\u3053\u3068\u304b\u3089\u3001\u5065\u5168\u306a\u8ca1\u52d9\u7ba1\u7406\u304c\u884c\u308f\u308c\u3066\u3044\u308b\u3068\u8003\u3048\u3089\u308c\u307e\u3059\u3002\u305f\u3060\u3057\u3001\u904e\u5270\u306a\u8ca0\u50b5\u306b\u4f9d\u5b58\u3057\u3066\u3044\u308b\u5834\u5408\u306f\u6ce8\u610f\u304c\u5fc5\u8981\u3067\u3059 \u3002<\/p>\n<h3>ROE\u306f\u9ad8\u3044\u304b\u4f4e\u3044\u3069\u3063\u3061\u304c\u3044\u3044\uff1f<\/h3>\n<p>ROE\uff08\u81ea\u5df1\u8cc7\u672c\u5229\u76ca\u7387\uff09\u304c\u9ad8\u3044\u304b\u4f4e\u3044\u304b\u306f\u3001\u4f01\u696d\u306e\u52b9\u7387\u6027\u3084\u53ce\u76ca\u6027\u3092\u8a55\u4fa1\u3059\u308b\u91cd\u8981\u306a\u6307\u6a19\u3067\u3059\u304c\u3001\u305d\u306e\u8a55\u4fa1\u306b\u306f\u6587\u8108\u304c\u91cd\u8981\u3067\u3059\u3002\u4e00\u822c\u7684\u306b\u306f\u3001ROE\u306f\u9ad8\u3044\u65b9\u304c\u826f\u3044\u3068\u3055\u308c\u3066\u3044\u307e\u3059\u304c\u3001\u5fc5\u305a\u3057\u3082\u4e00\u6982\u306b\u306f\u8a00\u3048\u306a\u3044\u5834\u5408\u3082\u3042\u308a\u307e\u3059\u3002<\/p>\n<p>\u9ad8\u3044ROE\u306f\u3001\u4f01\u696d\u304c\u52b9\u7387\u7684\u306b\u9ad8\u3044\u5229\u76ca\u3092\u51fa\u3057\u3066\u3044\u308b\u3053\u3068\u3092\u793a\u3057\u307e\u3059\u304c\u3001\u904e\u5270\u306a\u8ca0\u50b5\u304c\u3042\u308b\u5834\u5408\u306b\u3082\u751f\u3058\u307e\u3059\u3002\u7d4c\u74b0\u5883\u306e\u5909\u52d5\u306b\u5bfe\u3059\u308b\u8010\u6027\u304c\u4f4e\u304f\u306a\u308b\u3053\u3068\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<p>\u4f4e\u3044ROE\u306f\u4f01\u696d\u304c\u4fdd\u5b88\u7684\u306a\u8ca1\u52d9\u5236\u653f\u7b56\u3092\u3057\u3066\u3044\u3066\u3001\u4f4e\u3044\u8ca0\u50b5\u7387\u3092\u7dad\u6301\u3057\u3066\u3044\u308b\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u3002\u3053\u308c\u306b\u3088\u308a\u5b89\u5b9a\u3057\u305f\u7d4c\u55b6\u3092\u671f\u5f85\u3067\u304d\u307e\u3059\u3002\u3057\u304b\u3057\u53ce\u76ca\u6027\u304c\u4f4e\u3044\u53ef\u80fd\u6027\u3082\u3042\u308b\u306e\u3067\u3001\u305d\u308c\u3060\u3051\u3067\u5224\u65ad\u306f\u3057\u306a\u3044\u307b\u3046\u304c\u826f\u3044\u3067\u3057\u3087\u3046\u3002<\/p>\n<h2>\u307e\u3068\u3081<\/h2>\n<p>ROE\uff08\u81ea\u5df1\u8cc7\u672c\u5229\u76ca\u7387\uff09\u3068\u306f\u3001\u4f1a\u793e\u304c\u81ea\u5df1\u8cc7\u672c\u3067\u3069\u308c\u304f\u3089\u3044\u306e\u5229\u76ca\u3092\u4e0a\u3052\u305f\u304b\u6e2c\u308b\u6307\u6a19\u3067\u3059\u3002<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image1-3.png\" alt=\"\" width=\"1240\" height=\"448\" class=\"aligncenter size-full wp-image-2432\" srcset=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image1-3.png 1240w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image1-3-300x108.png 300w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image1-3-1024x370.png 1024w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image1-3-768x277.png 768w\" sizes=\"(max-width: 1240px) 100vw, 1240px\" \/><\/p>\n<p><strong><span style=\"color: #ff0000;\">ROE\u306f\u3001\u30d5\u30a1\u30f3\u30c0\u30e1\u30f3\u30bf\u30eb\u30ba\u5206\u6790\u306b\u4f7f\u308f\u308c\u308b\u6307\u6a19\u306e\u3072\u3068\u3064\u3067\u3001<\/span>\u7279\u306b<span style=\"color: #ff0000;\">\u9577\u671f\u6295\u8cc7\u3092\u884c\u3046\u5834\u5408\u306a\u3069\u306b\u306f\u6d3b\u7528\u3057\u305f\u65b9\u304c\u3088\u3044\u6307\u6a19\u3067\u3059\u3002<\/span><\/strong><\/p>\n<p>ROE\u306f\u7279\u306b\u6b21\u306e\u3088\u3046\u306a\u30bf\u30a4\u30d7\u306e\u4eba\u306f\u7a4d\u6975\u7684\u306b\u4f7f\u3046\u3053\u3068\u304c\u304a\u3059\u3059\u3081\u3067\u3059\u3002<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image2-1.png\" alt=\"\" width=\"1335\" height=\"457\" class=\"aligncenter size-full wp-image-2433\" srcset=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image2-1.png 1335w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image2-1-300x103.png 300w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image2-1-1024x351.png 1024w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/05\/image2-1-768x263.png 768w\" sizes=\"(max-width: 1335px) 100vw, 1335px\" \/><\/p>\n<p>\u3055\u3089\u306b\u3001ROE\u3092\u4f7f\u3046\u969b\u306e\u30dd\u30a4\u30f3\u30c8\u306f\u4e0b\u8a18\u306e\u901a\u308a\u3067\u3059\u3002<\/p>\n<ul>\n<li>ROE\u306e\u6570\u5024\u306e\u76ee\u5b89\u306f8\uff5e10\uff05<\/li>\n<li>ROE\u306f\u696d\u754c\u3054\u3068\u306b\u6c34\u6e96\u304c\u7570\u306a\u308b\u305f\u3081\u540c\u696d\u4ed6\u793e\u3067\u6bd4\u8f03\u3059\u308b<\/li>\n<li>ROE\u304c\u5909\u52d5\u3057\u305f\u5834\u5408\u3001\u7406\u7531\uff08\u7d14\u5229\u76ca\u3068\u81ea\u5df1\u8cc7\u672c\u306e\u5909\u52d5\uff09\u3092\u78ba\u8a8d\u3059\u308b<\/li>\n<\/ul>\n<p>ROE\u3092\u5229\u7528\u3059\u308b\u969b\u306b\u306f\u3001\u682a\u4fa1\u3084ROA\u3084PER\u30fbPBR\u306a\u3069\u4ed6\u306e\u30bb\u30b0\u30e1\u30f3\u30c8\u6307\u6a19\u3068\u4f75\u305b\u3066\u5229\u7528\u3059\u308b\u3088\u3046\u306b\u3057\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>\u3053\u308c\u3089\u306e\u60c5\u5831\u3092\u305c\u3072\u5c06\u6765\u306b\u5411\u3051\u3066\u306e\u5805\u5b9f\u306a\u8cc7\u7523\u5f62\u6210\u306e\u305f\u3081\u306b\u5f79\u7acb\u3066\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u300c\u682a\u5f0f\u6295\u8cc7\u3067ROE\u3068\u3044\u3046\u6307\u6a19\u3092\u898b\u308b\u3051\u3069\u3001ROE\u3063\u3066\u4f55\u306e\u3053\u3068\uff1f\u300d \u300cROE\u3063\u3066\u4f55\u306e\u305f\u3081\u306b\u4f7f\u3046\u306e\uff1f\u5fc5\u8981\u306a\u306e\uff1f\u300d \u682a\u5f0f\u6295\u8cc7\u3092\u59cb\u3081\u305f\u3070\u304b\u308a\u3060\u3068\u3053\u3093\u306a\u7591\u554f\u3092\u62b1\u304f\u3053\u3068\u3082\u3042\u308b\u306e\u3067\u306f\u306a\u3044\u3067\u3057\u3087\u3046\u304b\u3002 ROE\u3068\u306f\u300c\u81ea\u5df1\u8cc7\u672c\u5229\u76ca\u7387\uff08Retu [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":2447,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[10],"acf":[],"_links":{"self":[{"href":"https:\/\/official.gfs.tokyo\/blog\/wp-json\/wp\/v2\/posts\/2431"}],"collection":[{"href":"https:\/\/official.gfs.tokyo\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/official.gfs.tokyo\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/official.gfs.tokyo\/blog\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/official.gfs.tokyo\/blog\/wp-json\/wp\/v2\/comments?post=2431"}],"version-history":[{"count":22,"href":"https:\/\/official.gfs.tokyo\/blog\/wp-json\/wp\/v2\/posts\/2431\/revisions"}],"predecessor-version":[{"id":16859,"href":"https:\/\/official.gfs.tokyo\/blog\/wp-json\/wp\/v2\/posts\/2431\/revisions\/16859"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/official.gfs.tokyo\/blog\/wp-json\/wp\/v2\/media\/2447"}],"wp:attachment":[{"href":"https:\/\/official.gfs.tokyo\/blog\/wp-json\/wp\/v2\/media?parent=2431"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/official.gfs.tokyo\/blog\/wp-json\/wp\/v2\/categories?post=2431"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}