{"id":27704,"date":"2026-07-21T10:30:47","date_gmt":"2026-07-21T01:30:47","guid":{"rendered":"https:\/\/official.gfs.tokyo\/blog\/?p=27704"},"modified":"2026-07-21T10:30:47","modified_gmt":"2026-07-21T01:30:47","slug":"ue-what-is-an-adr-american-depositary-receipt","status":"publish","type":"post","link":"https:\/\/official.gfs.tokyo\/blog\/ue-what-is-an-adr-american-depositary-receipt","title":{"rendered":"\u3010\u521d\u5fc3\u8005\u5411\u3051\u3011ADR\uff08\u7c73\u56fd\u9810\u8a17\u8a3c\u5238\uff09\u3068\u306f\uff1f\u4ed5\u7d44\u307f\u30fb\u304a\u3059\u3059\u3081\u9298\u67c4\u4e00\u89a7\u304b\u3089\u30a4\u30ae\u30ea\u30b9\u682a\u306e\u7a0e\u5236\u30e1\u30ea\u30c3\u30c8\u307e\u3067\u5fb9\u5e95\u89e3\u8aac"},"content":{"rendered":"<h2 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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<\/div>\n<h2 data-path-to-node=\"5\">1. 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https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/07\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-07-16-13.11.08-768x535.png 768w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/07\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-07-16-13.11.08-767x532.png 767w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/07\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-07-16-13.11.08.png 1266w\" sizes=\"(max-width: 491px) 100vw, 491px\" \/><\/p>\n<h3 data-path-to-node=\"7\">ADR\u3068\u306f\uff1f\uff08\u8d85\u30b7\u30f3\u30d7\u30eb\u306a\u4f8b\u3048\u8a71\uff09<\/h3>\n<p 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class=\"ng-star-inserted\">\u7c73\u56fd\u306e\u300c\u9810\u8a17\u9280\u884c\uff08JP\u30e2\u30eb\u30ac\u30f3\u30fb\u30c1\u30a7\u30fc\u30b9\u3084\u30d0\u30f3\u30af\u30fb\u30aa\u30d6\u30fb\u30cb\u30e5\u30fc\u30e8\u30fc\u30af\u30fb\u30e1\u30ed\u30f3\u306a\u3069\uff09\u300d\u304c\u3001\u73fe\u5730\u306e\u4fdd\u7ba1\u6a5f\u95a2\uff08\u30ab\u30b9\u30c8\u30c7\u30a3\u30a2\u30f3\uff09\u3092\u901a\u3058\u3066\u305d\u306e\u682a\u5f0f\u3092\u8cb7\u3044\u53d6\u308a\u3001\u91d1\u5eab\u306b\u9810\u304b\u308a\u307e\u3059\u3002<\/p>\n<p><\/structured-text><\/structured-node-sequence><\/div>\n<\/div>\n<\/div>\n<div class=\"sequence-event ng-star-inserted\">\n<div class=\"sequence-event-content\">\n<div class=\"sequence-event-description gds-body-l\"><span only-show-to-message-actions=\"\" data-test-id=\"sequence-export-header\" class=\"only-show-to-message-actions\"><strong>3.\u9810\u8a17\u8a3c\u5238\uff08ADR\uff09\u306e\u767a\u884c:<\/strong>\u30b9\u30c6\u30c3\u30d7 3\u3002<\/span><structured-node-sequence class=\"ng-star-inserted\"><structured-text class=\"ng-star-inserted\"><\/p>\n<p class=\"ng-star-inserted\">\u9810\u8a17\u9280\u884c\u306f\u3001\u91d1\u5eab\u306b\u9810\u304b\u3063\u305f\u539f\u682a\u5f0f\u3092\u88cf\u4ed8\u3051\uff08\u62c5\u4fdd\uff09\u3068\u3057\u3066\u3001\u30c9\u30eb\u5efa\u3066\u306e\u300cADR\uff08\u9810\u8a17\u8a3c\u5238\uff09\u300d\u3092\u767a\u884c\u3057\u307e\u3059\u3002<\/p>\n<p><\/structured-text><\/structured-node-sequence><\/div>\n<\/div>\n<\/div>\n<div class=\"sequence-event ng-star-inserted\">\n<div class=\"sequence-event-content\">\n<div class=\"sequence-event-description gds-body-l\"><span only-show-to-message-actions=\"\" data-test-id=\"sequence-export-header\" class=\"only-show-to-message-actions\"><strong>4.\u7c73\u56fd\u5e02\u5834\u3078\u306e\u4e0a\u5834\u30fb\u53d6\u5f15:<\/strong>\u30b9\u30c6\u30c3\u30d7 4\u3002<\/span><structured-node-sequence class=\"ng-star-inserted\"><structured-text class=\"ng-star-inserted\"><\/p>\n<p class=\"ng-star-inserted\">\u767a\u884c\u3055\u308c\u305fADR\u304c\u30cb\u30e5\u30fc\u30e8\u30fc\u30af\u8a3c\u5238\u53d6\u5f15\u6240\uff08NYSE\uff09\u3084NASDAQ\u306a\u3069\u306b\u4e0a\u5834\u3055\u308c\u3001\u7c73\u56fd\u306e\u4e00\u822c\u7684\u306a\u500b\u5225\u682a\uff08\u30a2\u30c3\u30d7\u30eb\u3084\u30c6\u30b9\u30e9\u306a\u3069\uff09\u3068\u5168\u304f\u540c\u3058\u3088\u3046\u306b\u7c73\u30c9\u30eb\u3067\u58f2\u8cb7\u3067\u304d\u308b\u3088\u3046\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n<p><\/structured-text><\/structured-node-sequence><\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/sequence><\/response-element><\/div>\n<h2 data-path-to-node=\"16\">2. ADR\u6295\u8cc7\u306e\u30e1\u30ea\u30c3\u30c8\uff08\u306a\u305c\u4eca\u3001ADR\u306a\u306e\u304b\uff1f\uff09<\/h2>\n<p data-path-to-node=\"17\">\u521d\u5fc3\u8005\u304c\u6d77\u5916\u6295\u8cc7\u3092\u59cb\u3081\u308b\u306b\u3042\u305f\u3063\u3066\u3001ADR\u306b\u306f\u4ed6\u306b\u306f\u4ee3\u3048\u304c\u305f\u30443\u3064\u306e\u5927\u304d\u306a\u30e1\u30ea\u30c3\u30c8\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<h3 data-path-to-node=\"18\">\u2460 \u4e16\u754c\u4e2d\u306e\u300c\u8d85\u4e00\u7d1a\u54c1\u300d\u306b\u30c9\u30eb\u3067\u6295\u8cc7\u3067\u304d\u308b<\/h3>\n<p data-path-to-node=\"19\">\u4e16\u754c\u306e\u682a\u5f0f\u5e02\u5834\u306e\u4e3b\u5f79\u306f\u3001\u4eca\u306a\u304a\u30a2\u30e1\u30ea\u30ab\u3067\u3059\u3002\u53b3\u3057\u3044\u4e0a\u5834\u57fa\u6e96\u3068\u60c5\u5831\u958b\u793a\u30eb\u30fc\u30eb\u3092\u30af\u30ea\u30a2\u3057\u305f\u3001\u53f0\u6e7e\u3001\u30a4\u30ae\u30ea\u30b9\u3001\u30aa\u30e9\u30f3\u30c0\u3001\u30d6\u30e9\u30b8\u30eb\u306a\u3069\u306e\u4e16\u754c\u7684\u306a\u30e1\u30ac\u4f01\u696d\u304c\u3001\u3053\u305e\u3063\u3066ADR\u306e\u5f62\u3067\u7c73\u56fd\u5e02\u5834\u306b\u53c2\u5165\u3057\u3066\u3044\u307e\u3059\u3002ADR\u3092\u5229\u7528\u3059\u308c\u3070\u3001\u7c73\u30c9\u30eb\u5efa\u3066\u3067\u3053\u308c\u3089\u4e16\u754c\u6700\u9ad8\u5cf0\u306e\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u3092\u69cb\u7bc9\u3067\u304d\u307e\u3059\u3002<\/p>\n<h3 data-path-to-node=\"20\">\u2461 \u70ba\u66ff\u7ba1\u7406\u3068\u53d6\u5f15\u306e\u624b\u9593\u304c\u300c\u7c73\u56fd\u682a\u300d\u306b\u4e00\u672c\u5316\u3055\u308c\u308b<\/h3>\n<p data-path-to-node=\"21\">\u901a\u5e38\u3001\u591a\u56fd\u7c4d\u306b\u5206\u6563\u6295\u8cc7\u3057\u3088\u3046\u3068\u3059\u308b\u3068\u3001\u30e6\u30fc\u30ed\u3001\u82f1\u30dd\u30f3\u30c9\u3001\u65b0\u53f0\u6e7e\u30c9\u30eb\u3001\u30d6\u30e9\u30b8\u30eb\u30ec\u30a2\u30eb\u306a\u3069\u3001\u8907\u6570\u306e\u901a\u8ca8\u306e\u70ba\u66ff\u624b\u6570\u6599\u3084\u7ba1\u7406\u306e\u624b\u9593\u304c\u767a\u751f\u3057\u307e\u3059\u3002\u3057\u304b\u3057ADR\u306a\u3089\u3001<b data-path-to-node=\"21\" data-index-in-node=\"77\">\u3059\u3079\u3066\u300c\u7c73\u30c9\u30eb\u300d\u3067\u5b8c\u7d50<\/b>\u3057\u307e\u3059\u3002\u666e\u6bb5\u7c73\u56fd\u682a\u3092\u53d6\u5f15\u3057\u3066\u3044\u308b\u65e5\u672c\u306e\u30cd\u30c3\u30c8\u8a3c\u5238\u53e3\u5ea7\u304b\u3089\u3001\u305d\u306e\u307e\u307e\u540c\u3058\u753b\u9762\u3067\u8cb7\u3044\u4ed8\u3051\u308b\u3053\u3068\u304c\u53ef\u80fd\u3067\u3059\u3002<\/p>\n<h3 data-path-to-node=\"22\">\u2462 \u53b3\u3057\u3044\u7c73\u56fd\u57fa\u6e96\u3092\u30af\u30ea\u30a2\u3057\u305f\u5b89\u5fc3\u611f<\/h3>\n<p data-path-to-node=\"23\">ADR\u3068\u3057\u3066\u7c73\u56fd\u8a3c\u5238\u53d6\u5f15\u59d4\u54e1\u4f1a\uff08SEC\uff09\u306b\u767b\u9332\u3057\u3001\u7c73\u56fd\u306e\u4e3b\u8981\u53d6\u5f15\u6240\u306b\u4e0a\u5834\u3057\u3066\u3044\u308b\u4f01\u696d\u306f\u3001\u7c73\u56fd\u306e\u53b3\u683c\u306a\u4f1a\u8a08\u57fa\u6e96\u3084\u30b3\u30fc\u30dd\u30ec\u30fc\u30c8\u30ac\u30d0\u30ca\u30f3\u30b9\uff08\u4f01\u696d\u7d71\u6cbb\uff09\u306e\u30eb\u30fc\u30eb\u3092\u9806\u5b88\u3057\u306a\u3051\u308c\u3070\u306a\u308a\u307e\u305b\u3093\u3002\u305d\u306e\u305f\u3081\u3001\u65b0\u8208\u56fd\u306e\u4e0d\u900f\u660e\u306a\u500b\u5225\u682a\u3092\u76f4\u63a5\u8cb7\u3046\u3088\u308a\u3082\u3001<b data-path-to-node=\"23\" data-index-in-node=\"115\">\u6295\u8cc7\u5bb6\u4fdd\u8b77\u306e\u89b3\u70b9\u304b\u3089\u975e\u5e38\u306b\u5b89\u5168\u6027\u304c\u9ad8\u3044<\/b>\u3068\u8a00\u3048\u307e\u3059\u3002<\/p>\n<h2 data-path-to-node=\"25\">3. \u3010\u56fd\u5225\u30fb\u30bb\u30af\u30bf\u30fc\u5225\u3011\u304a\u3059\u3059\u3081ADR\u9298\u67c4\u4e00\u89a7<\/h2>\n<p data-path-to-node=\"26\">\u3053\u3053\u304b\u3089\u306f\u3001\u4e16\u754c\u7d4c\u6e08\u3092\u727d\u5f15\u3059\u308b\u4e3b\u8981\u306aADR\u9298\u67c4\u3092\u3001\u521d\u5fc3\u8005\u5411\u3051\u306b\u30ab\u30c6\u30b4\u30ea\u5225\u3067\u6574\u7406\u3057\u3066\u3054\u7d39\u4ecb\u3057\u307e\u3059\u3002\u3044\u305a\u308c\u3082\u30b0\u30ed\u30fc\u30d0\u30eb\u30d3\u30b8\u30cd\u30b9\u306b\u304a\u3044\u3066\u5727\u5012\u7684\u306a\u30b7\u30a7\u30a2\u3084\u5730\u4f4d\u3092\u78ba\u7acb\u3057\u3066\u3044\u308b\u300c\u4e3b\u5f79\u7d1a\u300d\u306e\u4f01\u696d\u3070\u304b\u308a\u3067\u3059\u3002<\/p>\n<h3 data-path-to-node=\"27\">\u534a\u5c0e\u4f53\u30fb\u30cf\u30a4\u30c6\u30af\uff08\u4e16\u754c\u306e\u30c7\u30b8\u30bf\u30eb\u30a4\u30f3\u30d5\u30e9\uff09<\/h3>\n<table data-path-to-node=\"28\">\n<thead>\n<tr>\n<td><strong>\u30c6\u30a3\u30c3\u30ab\u30fc<\/strong><\/td>\n<td><strong>\u9298\u67c4\u540d<\/strong><\/td>\n<td><strong>\u56fd\u7c4d<\/strong><\/td>\n<td><strong>\u7279\u5fb4\u30fb\u5f37\u307f<\/strong><\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><span data-path-to-node=\"28,1,0,0\"><b data-path-to-node=\"28,1,0,0\" data-index-in-node=\"0\">TSM<\/b><\/span><\/td>\n<td><span data-path-to-node=\"28,1,1,0\"><b data-path-to-node=\"28,1,1,0\" data-index-in-node=\"0\">\u53f0\u6e7e\u30bb\u30df\u30b3\u30f3\u30c0\u30af\u30bf\u30fc\uff08TSMC\uff09<\/b><\/span><\/td>\n<td><span data-path-to-node=\"28,1,2,0\">\u53f0\u6e7e<\/span><\/td>\n<td><span data-path-to-node=\"28,1,3,0\">\u4e16\u754c\u6700\u5927\u306e\u534a\u5c0e\u4f53\u53d7\u8a17\u88fd\u9020\uff08\u30d5\u30a1\u30a6\u30f3\u30c9\u30ea\uff09\u4f01\u696d\u3002\u4e16\u754c\u306e\u6700\u5148\u7aef\u30c1\u30c3\u30d7\u306e\u7d049\u5272\u3092\u88fd\u9020\u3057\u3066\u304a\u308a\u3001\u73fe\u5728\u306eAI\u9769\u547d\u306e\u5fc3\u81d3\u90e8\u3002<\/span><\/td>\n<\/tr>\n<tr>\n<td><span data-path-to-node=\"28,2,0,0\"><b data-path-to-node=\"28,2,0,0\" data-index-in-node=\"0\">ASML<\/b><\/span><\/td>\n<td><span data-path-to-node=\"28,2,1,0\"><b data-path-to-node=\"28,2,1,0\" data-index-in-node=\"0\">ASML\u30db\u30fc\u30eb\u30c7\u30a3\u30f3\u30b0<\/b><\/span><\/td>\n<td><span data-path-to-node=\"28,2,2,0\">\u30aa\u30e9\u30f3\u30c0<\/span><\/td>\n<td><span data-path-to-node=\"28,2,3,0\">\u6700\u5148\u7aef\u534a\u5c0e\u4f53\u306e\u88fd\u9020\u306b\u7d76\u5bfe\u4e0d\u53ef\u6b20\u306a\u300cEUV\uff08\u6975\u7aef\u7d2b\u5916\u7dda\uff09\u9732\u5149\u88c5\u7f6e\u300d\u3092\u72ec\u5360\u4f9b\u7d66\u3059\u308b\u3001\u6587\u5b57\u901a\u308a\u306e\u4e16\u754c\u30aa\u30f3\u30ea\u30fc\u30ef\u30f3\u4f01\u696d\u3002<\/span><\/td>\n<\/tr>\n<tr>\n<td><span data-path-to-node=\"28,3,0,0\"><b data-path-to-node=\"28,3,0,0\" data-index-in-node=\"0\">ARM<\/b><\/span><\/td>\n<td><span data-path-to-node=\"28,3,1,0\"><b data-path-to-node=\"28,3,1,0\" data-index-in-node=\"0\">\u30a2\u30fc\u30e0\u30fb\u30db\u30fc\u30eb\u30c7\u30a3\u30f3\u30b0\u30b9<\/b><\/span><\/td>\n<td><span data-path-to-node=\"28,3,2,0\">\u30a4\u30ae\u30ea\u30b9<\/span><\/td>\n<td><span data-path-to-node=\"28,3,3,0\">\u4e16\u754c\u306e\u30b9\u30de\u30fc\u30c8\u30d5\u30a9\u30f3\u306e\u307b\u307c100%\u306b\u63a1\u7528\u3055\u308c\u3066\u3044\u308bCPU\u8a2d\u8a08\u306e\u8987\u8005\u3002\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u30b0\u30eb\u30fc\u30d7\u5098\u4e0b\u3002<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3 data-path-to-node=\"29\">\u9ad8\u914d\u5f53\u30fb\u30a8\u30cd\u30eb\u30ae\u30fc\uff08\u5b89\u5b9a\u30a4\u30f3\u30ab\u30e0\u30b2\u30a4\u30f3\uff09<\/h3>\n<table data-path-to-node=\"30\">\n<thead>\n<tr>\n<td><strong>\u30c6\u30a3\u30c3\u30ab\u30fc<\/strong><\/td>\n<td><strong>\u9298\u67c4\u540d<\/strong><\/td>\n<td><strong>\u56fd\u7c4d<\/strong><\/td>\n<td><strong>\u7279\u5fb4\u30fb\u5f37\u307f<\/strong><\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><span data-path-to-node=\"30,1,0,0\"><b data-path-to-node=\"30,1,0,0\" data-index-in-node=\"0\">SHEL<\/b><\/span><\/td>\n<td><span data-path-to-node=\"30,1,1,0\"><b data-path-to-node=\"30,1,1,0\" data-index-in-node=\"0\">\u30b7\u30a7\u30eb<\/b><\/span><\/td>\n<td><span data-path-to-node=\"30,1,2,0\">\u30a4\u30ae\u30ea\u30b9<\/span><\/td>\n<td><span data-path-to-node=\"30,1,3,0\">\u4e16\u754c\u6700\u5927\u7d1a\u306e\u56fd\u969b\u77f3\u6cb9\u8cc7\u672c\uff08\u30b9\u30fc\u30d1\u30fc\u30e1\u30b8\u30e3\u30fc\uff09\u3002\u8fd1\u5e74\u306f\u518d\u751f\u53ef\u80fd\u30a8\u30cd\u30eb\u30ae\u30fc\u3084LNG\uff08\u6db2\u5316\u5929\u7136\u30ac\u30b9\uff09\u4e8b\u696d\u3078\u306e\u30b7\u30d5\u30c8\u3082\u52a0\u901f\u3002<\/span><\/td>\n<\/tr>\n<tr>\n<td><span data-path-to-node=\"30,2,0,0\"><b data-path-to-node=\"30,2,0,0\" data-index-in-node=\"0\">BTI<\/b><\/span><\/td>\n<td><span data-path-to-node=\"30,2,1,0\"><b data-path-to-node=\"30,2,1,0\" data-index-in-node=\"0\">\u30d6\u30ea\u30c6\u30a3\u30c3\u30b7\u30e5\u30fb\u30a2\u30e1\u30ea\u30ab\u30f3\u30fb\u30bf\u30d0\u30b3<\/b><\/span><\/td>\n<td><span data-path-to-node=\"30,2,2,0\">\u30a4\u30ae\u30ea\u30b9<\/span><\/td>\n<td><span data-path-to-node=\"30,2,3,0\">\u30e9\u30c3\u30ad\u30fc\u30b9\u30c8\u30e9\u30a4\u30af\u3084\u30b1\u30f3\u30c8\u306a\u3069\u3092\u5c55\u958b\u3059\u308b\u4e16\u754c\u7684\u306a\u30bf\u30d0\u30b3\u5927\u624b\u3002\u9ad8\u3044\u30ad\u30e3\u30c3\u30b7\u30e5\u5275\u51fa\u529b\u3068\u3001\u6b74\u53f2\u7684\u306a\u8d85\u9ad8\u914d\u5f53\u5229\u56de\u308a\u304c\u9b45\u529b\u3002<\/span><\/td>\n<\/tr>\n<tr>\n<td><span data-path-to-node=\"30,3,0,0\"><b data-path-to-node=\"30,3,0,0\" data-index-in-node=\"0\">PBR<\/b><\/span><\/td>\n<td><span data-path-to-node=\"30,3,1,0\"><b data-path-to-node=\"30,3,1,0\" data-index-in-node=\"0\">\u30da\u30c8\u30ed\u30ec\u30aa\u30fb\u30d6\u30e9\u30b8\u30ec\u30a4\u30ed\uff08\u30da\u30c8\u30ed\u30d6\u30e9\u30b9\uff09<\/b><\/span><\/td>\n<td><span data-path-to-node=\"30,3,2,0\">\u30d6\u30e9\u30b8\u30eb<\/span><\/td>\n<td><span data-path-to-node=\"30,3,3,0\">\u30d6\u30e9\u30b8\u30eb\u306e\u534a\u5b98\u534a\u6c11\u306e\u8d85\u5de8\u5927\u30a8\u30cd\u30eb\u30ae\u30fc\u4f01\u696d\u3002\u6df1\u6d77\u6cb9\u7530\u958b\u767a\u306b\u5f37\u307f\u3092\u6301\u3061\u3001\u914d\u5f53\u91d1\u306e\u652f\u6255\u984d\u304c\u975e\u5e38\u306b\u5927\u304d\u3044\u3053\u3068\u3067\u6709\u540d\u3002<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3 data-path-to-node=\"31\">\u30b3\u30f3\u30b7\u30e5\u30fc\u30de\u30fc\u30fb\u6d88\u8cbb\u8ca1\uff08\u751f\u6d3b\u306b\u5bc6\u7740\u3057\u305f\u5de8\u5927\u30d6\u30e9\u30f3\u30c9\uff09<\/h3>\n<table data-path-to-node=\"32\">\n<thead>\n<tr>\n<td><strong>\u30c6\u30a3\u30c3\u30ab\u30fc<\/strong><\/td>\n<td><strong>\u9298\u67c4\u540d<\/strong><\/td>\n<td><strong>\u56fd\u7c4d<\/strong><\/td>\n<td><strong>\u7279\u5fb4\u30fb\u5f37\u307f<\/strong><\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><span data-path-to-node=\"32,1,0,0\"><b data-path-to-node=\"32,1,0,0\" data-index-in-node=\"0\">UL<\/b><\/span><\/td>\n<td><span data-path-to-node=\"32,1,1,0\"><b data-path-to-node=\"32,1,1,0\" data-index-in-node=\"0\">\u30e6\u30cb\u30ea\u30fc\u30d0<\/b><\/span><\/td>\n<td><span data-path-to-node=\"32,1,2,0\">\u30a4\u30ae\u30ea\u30b9<\/span><\/td>\n<td><span data-path-to-node=\"32,1,3,0\">\u30c0\u30f4\u3084\u30ea\u30d7\u30c8\u30f3\u3001\u30e9\u30c3\u30af\u30b9\u306a\u3069\u3001\u4e16\u754c190\u30ab\u56fd\u4ee5\u4e0a\u3067\u6bce\u65e525\u5104\u4eba\u304c\u540c\u793e\u88fd\u54c1\u3092\u4f7f\u7528\u3059\u308b\u6d88\u8cbb\u8ca1\u306e\u30e1\u30ac\u30b8\u30e3\u30a4\u30a2\u30f3\u30c8\u3002\u666f\u6c17\u306b\u5de6\u53f3\u3055\u308c\u306b\u304f\u3044\u30c7\u30a3\u30d5\u30a7\u30f3\u30b7\u30d6\u682a\u3002<\/span><\/td>\n<\/tr>\n<tr>\n<td><span data-path-to-node=\"32,2,0,0\"><b data-path-to-node=\"32,2,0,0\" data-index-in-node=\"0\">NVO<\/b><\/span><\/td>\n<td><span data-path-to-node=\"32,2,1,0\"><b data-path-to-node=\"32,2,1,0\" data-index-in-node=\"0\">\u30ce\u30dc\u30fb\u30ce\u30eb\u30c7\u30a3\u30b9\u30af<\/b><\/span><\/td>\n<td><span data-path-to-node=\"32,2,2,0\">\u30c7\u30f3\u30de\u30fc\u30af<\/span><\/td>\n<td><span data-path-to-node=\"32,2,3,0\">\u7cd6\u5c3f\u75c5\u6cbb\u7642\u85ac\u3084\u3001\u4e16\u754c\u7684\u306a\u30e1\u30ac\u30d2\u30c3\u30c8\u3068\u306a\u3063\u305f\u80a5\u6e80\u75c7\u6cbb\u7642\u85ac\u300c\u30a6\u30b4\u30fc\u30d3\u300d\u3092\u958b\u767a\u3002\u30e8\u30fc\u30ed\u30c3\u30d1\u3067\u6700\u3082\u6642\u4fa1\u7dcf\u984d\u304c\u5927\u304d\u3044\u30d8\u30eb\u30b9\u30b1\u30a2\u4f01\u696d\u306e\u4e00\u3064\u3002<\/span><\/td>\n<\/tr>\n<tr>\n<td><span data-path-to-node=\"32,3,0,0\"><b data-path-to-node=\"32,3,0,0\" data-index-in-node=\"0\">BABA<\/b><\/span><\/td>\n<td><span data-path-to-node=\"32,3,1,0\"><b data-path-to-node=\"32,3,1,0\" data-index-in-node=\"0\">\u30a2\u30ea\u30d0\u30d0\u30fb\u30b0\u30eb\u30fc\u30d7<\/b><\/span><\/td>\n<td><span data-path-to-node=\"32,3,2,0\">\u4e2d\u56fd<\/span><\/td>\n<td><span data-path-to-node=\"32,3,3,0\">\u4e2d\u56fd\u6700\u5927\u306eEC\u3001\u30af\u30e9\u30a6\u30c9\u3001\u30d5\u30a3\u30f3\u30c6\u30c3\u30af\u3092\u5c55\u958b\u3059\u308b\u30c7\u30b8\u30bf\u30eb\u8907\u5408\u4f53\u3002\u65b0\u8208\u56fd\u5e02\u5834\u306e\u30c0\u30a4\u30ca\u30df\u30ba\u30e0\u3092\u53cd\u6620\u3057\u3084\u3059\u3044\u9298\u67c4\u3002<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<div class=\"xcd-attention-6 xcd-col5 xcd-ripple\">\n<div class=\"xcd-title-wrap\">\n<div class=\"xcd-title\"><span>\u3042\u306a\u305f\u306b\u672c\u5f53\u306b\u9069\u3057\u305f\u6295\u8cc7\u306f\u3069\u308c\uff1f<\/span><\/div>\n<\/div>\n<div class=\"xcd-content\">\n<p><span style=\"font-size: 12pt;\"><strong>\u30fb\u6295\u8cc7\u3067\u53ce\u5165\u3092\u5f97\u305f\u3044\u3001\u8cc7\u7523\u3092\u5897\u3084\u3057\u305f\u3044\u3000YES or NO<\/strong><\/span><br \/>\n<span style=\"font-size: 12pt;\"><strong>\u30fb\u30ea\u30b9\u30af\u306f\u3067\u304d\u308b\u3060\u3051\u6291\u3048\u305f\u3044\u3000YES or NO<\/strong><\/span><br \/>\n<span style=\"font-size: 12pt;\"><strong>\u30fb\u6295\u8cc7\u5148\u306e\u898b\u6975\u3081\u65b9\u3092\u77e5\u308a\u305f\u3044\u3000YES or NO<\/strong><\/span><br \/>\n<span style=\"font-size: 12pt;\"><strong>\u30fb\u6210\u529f\u3057\u3066\u3044\u308b\u6295\u8cc7\u5bb6\u3068\u63a5\u70b9\u304c\u6b32\u3057\u3044\u3000YES or NO<\/strong><\/span><br \/>\n<span style=\"font-size: 12pt;\"><strong>\u30fb\u7269\u4fa1\u4e0a\u6607\u3078\u306e\u5bfe\u7b56\u306b\u306f\u6295\u8cc7\u304c\u5fc5\u8981\u3068\u8003\u3048\u3066\u3044\u308b\u3000YES or NO<\/strong><\/span><\/p>\n<p><span style=\"font-size: 14pt;\"><a href=\"https:\/\/toushi-up.com\/ow\/05.html?argument=XJhet6w1&amp;dmai=a64e31f9ee75a0\"><strong>\u2192\u3000YES\u304c\uff13\u3064\u4ee5\u4e0a\u3060\u3063\u305f\u65b9\u306f\u3001\u3053\u3061\u3089\u3092\u30af\u30ea\u30c3\u30af<\/strong><\/a><\/span><\/p>\n<\/div>\n<\/div>\n<h2 data-path-to-node=\"34\">4. ADR\u6295\u8cc7\u306e\u6ce8\u610f\u70b9\uff08\u77e5\u3089\u305a\u306b\u8cb7\u3046\u3068\u640d\u3092\u3059\u308b\u7f60\uff09<\/h2>\n<p data-path-to-node=\"35\">ADR\u306f\u975e\u5e38\u306b\u4fbf\u5229\u3067\u3059\u304c\u3001\u7c73\u56fd\u500b\u5225\u682a\u3068\u306f\u7570\u306a\u308b\u72ec\u81ea\u306e\u30eb\u30fc\u30eb\u3084\u30b3\u30b9\u30c8\u304c\u5b58\u5728\u3057\u307e\u3059\u3002\u521d\u5fc3\u8005\u304c\u5f8c\u6094\u3057\u306a\u3044\u305f\u3081\u306b\u3001\u4ee5\u4e0b\u306e\u6ce8\u610f\u70b9\u3092\u5fc5\u305a\u78ba\u8a8d\u3057\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n<h3 data-path-to-node=\"36\">\u2460 ADR\u7ba1\u7406\u624b\u6570\u6599\uff08\u9810\u8a17\u9280\u884c\u624b\u6570\u6599\uff09\u304c\u767a\u751f\u3059\u308b<\/h3>\n<p data-path-to-node=\"37\">ADR\u3092\u4fdd\u6709\u3057\u3066\u3044\u308b\u3068\u3001\u88cf\u3067\u7ba1\u7406\u3092\u884c\u3063\u3066\u3044\u308b\u7c73\u56fd\u306e\u9810\u8a17\u9280\u884c\u304b\u3089\u3001\u300cADR\u7ba1\u7406\u624b\u6570\u6599\uff08Custody Fee \/ Depositary Service Fee\uff09\u300d\u304c\u5b9a\u671f\u7684\u306b\u5dee\u3057\u5f15\u304b\u308c\u307e\u3059\u3002<\/p>\n<ul data-path-to-node=\"38\">\n<li>\n<p data-path-to-node=\"38,0,0\"><b data-path-to-node=\"38,0,0\" data-index-in-node=\"0\">\u76ee\u5b89\uff1a<\/b> 1\u682a\u3042\u305f\u308a\u5e74\u9593 <b data-path-to-node=\"38,0,0\" data-index-in-node=\"12\">0.02\u30c9\u30eb \u301c 0.05\u30c9\u30eb\uff082\u301c5\u30bb\u30f3\u30c8\uff09<\/b> \u7a0b\u5ea6\u3002<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"38,1,0\"><b data-path-to-node=\"38,1,0\" data-index-in-node=\"0\">\u5f15\u843d\u65b9\u6cd5\uff1a<\/b> \u4fdd\u6709\u3057\u3066\u3044\u308bADR\u304b\u3089\u914d\u5f53\u91d1\u304c\u652f\u6255\u308f\u308c\u308b\u969b\u3001\u81ea\u52d5\u7684\u306b\u305d\u306e\u4e2d\u304b\u3089\u5929\u5f15\u304d\u3055\u308c\u307e\u3059\u3002\u7121\u914d\u5f53\u306e\u9298\u67c4\uff08\u30a2\u30ea\u30d0\u30d0\u306a\u3069\uff09\u306e\u5834\u5408\u306f\u3001\u8a3c\u5238\u53e3\u5ea7\u306e\u7c73\u30c9\u30eb\u6b8b\u9ad8\u304b\u3089\u76f4\u63a5\u5f15\u304d\u843d\u3068\u3055\u308c\u308b\u305f\u3081\u3001\u53e3\u5ea7\u306e\u30c9\u30eb\u6b8b\u9ad8\u304c\u300c\u30de\u30a4\u30ca\u30b9\u300d\u306b\u306a\u3089\u306a\u3044\u3088\u3046\u914d\u616e\u3059\u308b\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<\/li>\n<\/ul>\n<h3 data-path-to-node=\"39\">\u2461 \u73fe\u5730\u56fd\uff08\u672c\u56fd\uff09\u306e\u6e90\u6cc9\u5fb4\u53ce\u7a0e\u7387\u304c\u9069\u7528\u3055\u308c\u308b<\/h3>\n<p data-path-to-node=\"40\">\u7c73\u56fd\u682a\u306b\u6295\u8cc7\u3059\u308b\u5834\u5408\u3001\u914d\u5f53\u91d1\u306b\u5bfe\u3057\u3066\u7c73\u56fd\u73fe\u5730\u306710%\u306e\u7a0e\u91d1\u304c\u5f15\u304b\u308c\u3001\u3055\u3089\u306b\u65e5\u672c\u56fd\u5185\u3067\u7d0420.315%\u304c\u8ab2\u7a0e\u3055\u308c\u307e\u3059\u3002<\/p>\n<p data-path-to-node=\"40\">\u3057\u304b\u3057ADR\u306e\u5834\u5408\u3001<b data-path-to-node=\"40\" data-index-in-node=\"69\">\u300c\u767a\u884c\u4f01\u696d\u306e\u56fd\u7c4d\uff08\u672c\u56fd\uff09\u300d\u306e\u7a0e\u5236\u304c\u9069\u7528\u3055\u308c\u308b<\/b>\u305f\u3081\u3001\u9298\u67c4\u306b\u3088\u3063\u3066\u7a0e\u7387\u304c\u5927\u304d\u304f\u7570\u306a\u308a\u307e\u3059\u3002<\/p>\n<ul data-path-to-node=\"41\">\n<li>\n<p data-path-to-node=\"41,0,0\"><b data-path-to-node=\"41,0,0\" data-index-in-node=\"0\">\u30a4\u30ae\u30ea\u30b9\u7c4d\uff08SHEL\u3001BTI\u306a\u3069\uff09\uff1a<\/b> \u30a4\u30ae\u30ea\u30b9\u306f\u539f\u5247\u3068\u3057\u3066\u914d\u5f53\u91d1\u306b\u5bfe\u3059\u308b\u73fe\u5730\u6e90\u6cc9\u7a0e\u304c\u300c0%\u300d\u3067\u3059\u3002\u305d\u306e\u305f\u3081\u3001\u7c73\u56fd\u682a\u306e10%\u3055\u3048\u5f15\u304b\u308c\u305a\u3001\u65e5\u672c\u56fd\u5185\u306e\u7a0e\u91d1\uff08\u7d0420.315%\uff09\u3060\u3051\u3067\u6e08\u3080\u305f\u3081\u3001\u9ad8\u914d\u5f53\u6295\u8cc7\u5bb6\u306b\u3068\u3063\u3066\u975e\u5e38\u306b\u6709\u5229\u306a\u56fd\u3067\u3059\uff08\u8a73\u7d30\u306f\u5f8c\u8ff0\uff09\u3002<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"41,1,0\"><b data-path-to-node=\"41,1,0\" data-index-in-node=\"0\">\u30aa\u30fc\u30b9\u30c8\u30e9\u30ea\u30a2\u7c4d\uff08BHP\u306a\u3069\uff09\uff1a<\/b> \u6761\u4ef6\u306b\u3088\u308a\u73fe\u5730\u6e90\u6cc9\u7a0e\u304c0%\uff08Franching credit\uff09\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"41,2,0\"><b data-path-to-node=\"41,2,0\" data-index-in-node=\"0\">\u305d\u306e\u4ed6\u306e\u56fd\uff1a<\/b> \u4f8b\u3048\u3070\u30b9\u30a4\u30b9\uff0835%\uff09\u3001\u30d5\u30e9\u30f3\u30b9\uff0825%\u5f37\uff09\u306a\u3069\u3001\u975e\u5e38\u306b\u9ad8\u3044\u7a0e\u7387\u304c\u73fe\u5730\u3067\u5f15\u304b\u308c\u3066\u3057\u307e\u3046\u56fd\u3082\u3042\u308a\u307e\u3059\u3002\u78ba\u5b9a\u7533\u544a\u6642\u306e\u300c\u5916\u56fd\u7a0e\u984d\u63a7\u9664\u300d\u3067\u4e00\u90e8\u53d6\u308a\u623b\u305b\u308b\u5834\u5408\u3082\u3042\u308a\u307e\u3059\u304c\u3001\u4e8c\u91cd\u8ab2\u7a0e\u306e\u624b\u9593\u3092\u8003\u616e\u3059\u308b\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<\/li>\n<\/ul>\n<h3 data-path-to-node=\"42\">\u2462 \u4e8c\u91cd\u306e\u70ba\u66ff\u30ea\u30b9\u30af\uff08\u30c9\u30eb\u3068\u73fe\u5730\u901a\u8ca8\uff09<\/h3>\n<p data-path-to-node=\"43\">ADR\u306f\u7c73\u30c9\u30eb\u3067\u53d6\u5f15\u3055\u308c\u307e\u3059\u304c\u3001\u305d\u306e\u4f01\u696d\u306e\u696d\u7e3e\u3084\u914d\u5f53\u91d1\u306e\u6e90\u6cc9\u306f\u300c\u73fe\u5730\u901a\u8ca8\uff08\u30e6\u30fc\u30ed\u3084\u65b0\u53f0\u6e7e\u30c9\u30eb\u306a\u3069\uff09\u300d\u3067\u3059\u3002\u305d\u306e\u305f\u3081\u3001\u300c\u7c73\u30c9\u30eb\u3068\u65e5\u672c\u5186\u300d\u306e\u52d5\u304d\u3060\u3051\u3067\u306a\u304f\u3001<b data-path-to-node=\"43\" data-index-in-node=\"76\">\u300c\u73fe\u5730\u901a\u8ca8\u3068\u7c73\u30c9\u30eb\u300d\u306e\u70ba\u66ff\u5909\u52d5<\/b>\u3082\u9593\u63a5\u7684\u306b\u4fa1\u683c\u3084\u914d\u5f53\u91d1\u306b\u5f71\u97ff\u3092\u4e0e\u3048\u307e\u3059\u3002<\/p>\n<h3 data-path-to-node=\"44\">\u2463 \u6d41\u52d5\u6027\u30ea\u30b9\u30af\uff08\u53d6\u5f15\u304c\u6210\u7acb\u3057\u3084\u3059\u3044\u304b\uff09<\/h3>\n<p data-path-to-node=\"45\">\u30a2\u30c3\u30d7\u30eb\u3084\u30c6\u30b9\u30e9\u306e\u3088\u3046\u306b\u30011\u65e5\u306b\u4f55\u5343\u4e07\u682a\u3082\u53d6\u5f15\u3055\u308c\u308b\u7c73\u56fd\u682a\u306b\u6bd4\u3079\u308b\u3068\u3001\u4e00\u90e8\u306eADR\u9298\u67c4\u306f\u53d6\u5f15\u9ad8\uff08\u51fa\u6765\u9ad8\uff09\u304c\u975e\u5e38\u306b\u5c11\u306a\u3044\u3082\u306e\u304c\u3042\u308a\u307e\u3059\u3002\u58f2\u308a\u305f\u3044\u6642\u306b\u5e0c\u671b\u306e\u4fa1\u683c\u3067\u58f2\u308c\u306a\u3044\u300c\u30b9\u30d7\u30ec\u30c3\u30c9\uff08\u8cb7\u3044\u5024\u3068\u58f2\u308a\u5024\u306e\u5dee\uff09\u300d\u306e\u62e1\u5927\u306b\u6ce8\u610f\u3057\u3066\u304f\u3060\u3055\u3044\u3002\u306a\u308b\u3079\u304f\u4e0a\u8a18\u3067\u7d39\u4ecb\u3057\u305f\u3088\u3046\u306a\u3001\u51fa\u6765\u9ad8\u306e\u591a\u3044\u4e3b\u8981\u9298\u67c4\u304b\u3089\u9078\u3076\u306e\u304c\u5b89\u5168\u3067\u3059\u3002<\/p>\n<h2 data-path-to-node=\"47\">5. \u3010\u5fb9\u5e95\u89e3\u8aac\u3011\u306a\u305c\u30a4\u30ae\u30ea\u30b9\u7c4dADR\u306f\u300c\u73fe\u5730\u6e90\u6cc9\u7a0e0%\u300d\u306a\u306e\u304b\uff1f<\/h2>\n<p data-path-to-node=\"48\">ADR\u6295\u8cc7\u5bb6\u3001\u7279\u306b\u30a4\u30f3\u30ab\u30e0\u30b2\u30a4\u30f3\uff08\u914d\u5f53\uff09\u3092\u91cd\u8996\u3059\u308b\u6295\u8cc7\u5bb6\u306b\u3068\u3063\u3066\u3001\u30a4\u30ae\u30ea\u30b9\u7c4d\u306e\u9298\u67c4\uff08BTI\u3001SHEL\u3001UL\u3001ARM\u306a\u3069\uff09\u306f\u300c\u8056\u57df\u300d\u3068\u3082\u547c\u3079\u308b\u5b58\u5728\u3067\u3059\u3002\u305d\u306e\u6700\u5927\u306e\u7406\u7531\u3067\u3042\u308b\u300c\u73fe\u5730\u6e90\u6cc9\u7a0e0%\u300d\u306e\u4ed5\u7d44\u307f\u3092\u6df1\u6398\u308a\u3057\u307e\u3059\u3002<\/p>\n<h3 data-path-to-node=\"49\">\u4ed5\u7d44\u307f\u306e\u7406\u7531\u2460\uff1a\u30a4\u30ae\u30ea\u30b9\u56fd\u5185\u6cd5\u306b\u3088\u308b\u300c\u975e\u5c45\u4f4f\u8005\u3078\u306e\u914d\u5f53\u975e\u8ab2\u7a0e\u300d<\/h3>\n<p data-path-to-node=\"50\">\u901a\u5e38\u30012\u3064\u306e\u56fd\u3092\u307e\u305f\u3044\u3067\u6295\u8cc7\u3092\u884c\u3046\u5834\u5408\u3001\u304a\u4e92\u3044\u306e\u56fd\u3067\u4e8c\u91cd\u306b\u7a0e\u91d1\u304c\u304b\u304b\u308b\u306e\u3092\u9632\u3050\u305f\u3081\u306b\u300c\u79df\u7a0e\u6761\u7d04\u300d\u3092\u7d50\u3073\u3001\u7a0e\u7387\u3092\u8efd\u6e1b\u3055\u305b\u308b\u3053\u3068\u304c\u4e00\u822c\u7684\u3067\u3059\u3002<\/p>\n<p data-path-to-node=\"51\">\u3057\u304b\u3057\u30a4\u30ae\u30ea\u30b9\u306e\u5834\u5408\u3001\u6761\u7d04\u4ee5\u524d\u306e\u30eb\u30fc\u30eb\u3068\u3057\u3066\u3001\u56fd\u5185\u306e\u7a0e\u6cd5\u305d\u306e\u3082\u306e\u3067\u300c\u30a4\u30ae\u30ea\u30b9\u4f01\u696d\u304c\u6d77\u5916\uff08\u975e\u5c45\u4f4f\u8005\uff09\u306e\u682a\u4e3b\u306b\u914d\u5f53\u3092\u652f\u6255\u3046\u969b\u3001\u6e90\u6cc9\u5fb4\u53ce\u3092\u3057\u3066\u306f\u306a\u3089\u306a\u3044\uff08\u7a0e\u73870%\uff09\u300d\u3068\u5b9a\u3081\u3066\u3044\u307e\u3059\u3002<\/p>\n<p data-path-to-node=\"52\">\u305d\u306e\u305f\u3081\u3001\u65e5\u672c\u3084\u7c73\u56fd\u3001\u305d\u306e\u4ed6\u306e\u3069\u306e\u56fd\u306b\u4f4f\u3093\u3067\u3044\u308b\u6295\u8cc7\u5bb6\u3067\u3042\u3063\u3066\u3082\u3001\u30a4\u30ae\u30ea\u30b9\u4f01\u696d\u304b\u3089\u76f4\u63a5\u30fb\u9593\u63a5\u7684\u306b\u914d\u5f53\u3092\u53d7\u3051\u53d6\u308b\u969b\u306f\u3001\u30a4\u30ae\u30ea\u30b9\u56fd\u5185\u30671\u5186\u3082\u8ab2\u7a0e\u3055\u308c\u308b\u3053\u3068\u306f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n<h3 data-path-to-node=\"53\">\u4ed5\u7d44\u307f\u306e\u7406\u7531\u2461\uff1a\u56fd\u969b\u91d1\u878d\u30bb\u30f3\u30bf\u30fc\u3068\u3057\u3066\u306e\u56fd\u7b56<\/h3>\n<p data-path-to-node=\"54\">\u30a4\u30ae\u30ea\u30b9\uff08\u30ed\u30f3\u30c9\u30f3\uff09\u306f\u6b74\u53f2\u7684\u306b\u300c\u4e16\u754c\u306e\u91d1\u878d\u30cf\u30d6\u300d\u3068\u3057\u3066\u767a\u5c55\u3057\u3066\u304d\u307e\u3057\u305f\u3002\u4e16\u754c\u4e2d\u304b\u3089\u6295\u8cc7\u30de\u30cd\u30fc\u3092\u547c\u3073\u8fbc\u3080\u305f\u3081\u306b\u3001\u300c\u914d\u5f53\u306b\u5bfe\u3059\u308b\u8ab2\u7a0e\u30b3\u30b9\u30c8\u3092\u53d6\u308a\u9664\u304d\u3001\u5916\u56fd\u4eba\u304c\u6295\u8cc7\u3057\u3084\u3059\u3044\u74b0\u5883\u3092\u6574\u3048\u308b\u300d\u3068\u3044\u3046\u56fd\u7b56\u7684\u306a\u65b9\u91dd\u304c\u6839\u5e95\u306b\u3042\u308a\u307e\u3059\u3002<\/p>\n<div class=\"xcd-attention-1 xcd-col2 xcd-ripple\">\n<div class=\"xcd-title\"><strong>\u8cc7\u7523\u904b\u7528\u3067\u5931\u6557\u3057\u305f\u304f\u306a\u3044\u65b9\u3078<\/strong><\/div>\n<div class=\"xcd-content\"><strong>\u79c1\u305f\u3061GFS\u3067\u306f\u3001\u5b66\u6821\u3067\u306f\u6559\u3048\u3066\u3082\u3089\u3048\u306a\u304b\u3063\u305f\u304a\u91d1\u306e\u3053\u3068\u304c\u308f\u304b\u308b\u7121\u6599\u30b3\u30f3\u30c6\u30f3\u30c4\u3092\u3054\u7528\u610f\u3057\u3066\u3044\u307e\u3059\u3002<\/strong><br \/>\n<strong><span style=\"color: #0066c0;\"><a href=\"https:\/\/toushi-up.com\/ow\/05.html?utm_source=om&amp;utm_medium=om&amp;utm_content=14519\" style=\"color: #0066c0;\">\u226b \u7121\u6599\u8b1b\u5ea7\uff1a\u304a\u91d1\u306e\u30d7\u30ed\u304c\u6559\u3048\u308b\u300c\u521d\u5fc3\u8005\u304c\u6bce\u6708\u53ce\u5165\u3092\u5f97\u308b\u6295\u8cc7\u306e\u59cb\u3081\u65b9\u300d<\/a><\/span><\/strong><\/div>\n<\/div>\n<h2 data-path-to-node=\"56\">6. \u30a4\u30ae\u30ea\u30b9\u7c4dADR\u306e\u78ba\u5b9a\u7533\u544a\u306b\u304a\u3051\u308b\u30e1\u30ea\u30c3\u30c8<\/h2>\n<p 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class=\"animated-opacity ng-tns-c3241222747-32\">\n<pre _ngcontent-ng-c3241222747=\"\" class=\"ng-tns-c3241222747-32\"><code _ngcontent-ng-c3241222747=\"\" role=\"text\" data-test-id=\"code-content\" class=\"code-container formatted ng-tns-c3241222747-32 no-decoration-radius\">\u3010\u30a4\u30ae\u30ea\u30b9\u73fe\u5730\uff080%\uff09\u3011 \u2192 \u3010\u7c73\u56fd\uff080% \u203b\u975e\u8ab2\u7a0e\uff09\u3011 \u2192 \u3010\u65e5\u672c\u56fd\u5185\uff08\u7d0420.315%\uff09\u3011\r\n<\/code><\/pre>\n<\/div>\n<\/div>\n<\/div>\n<p>&nbsp;<\/p>\n<p data-path-to-node=\"59\">\u3053\u306e\u30b7\u30f3\u30d7\u30eb\u306a\u8ab2\u7a0e\u30eb\u30fc\u30c8\u306b\u3088\u308a\u3001\u78ba\u5b9a\u7533\u544a\u306b\u304a\u3044\u30662\u3064\u306e\u6c7a\u5b9a\u7684\u306a\u30e1\u30ea\u30c3\u30c8\u304c\u5f97\u3089\u308c\u307e\u3059\u3002<\/p>\n<h3 data-path-to-node=\"60\">\u30e1\u30ea\u30c3\u30c8\u2460\uff1a\u5916\u56fd\u7a0e\u984d\u63a7\u9664\u306e\u300c\u7533\u8acb\u67a0\u300d\u3092\u5727\u8feb\u3057\u306a\u3044<\/h3>\n<p data-path-to-node=\"61\">\u901a\u5e38\u3001\u7c73\u56fd\u682a\uff08\u30a2\u30c3\u30d7\u30eb\u306a\u3069\uff09\u306e\u914d\u5f53\u91d1\u3092\u53d7\u3051\u53d6\u308b\u3068\u3001\u307e\u305a\u7c73\u56fd\u306710%\u304c\u5f15\u304b\u308c\u3001\u3055\u3089\u306b\u65e5\u672c\u3067\u7d0420.315%\u304c\u5f15\u304b\u308c\u307e\u3059\uff08\u4e8c\u91cd\u8ab2\u7a0e\uff09\u3002\u3053\u306e\u7c73\u56fd\u3067\u5f15\u304b\u308c\u305f10%\u3092\u53d6\u308a\u623b\u3059\u305f\u3081\u306b\u78ba\u5b9a\u7533\u544a\u3067\u300c\u5916\u56fd\u7a0e\u984d\u63a7\u9664\u300d\u3092\u7533\u8acb\u3059\u308b\u306e\u304c\u4e00\u822c\u7684\u3067\u3059\u3002<\/p>\n<p data-path-to-node=\"62\">\u3057\u304b\u3057\u3001\u30a4\u30ae\u30ea\u30b9ADR\u306f<b data-path-to-node=\"62\" data-index-in-node=\"12\">\u305d\u3082\u305d\u3082\u73fe\u5730\u306710%\uff08\u7c73\u56fd\u5206\uff09\u3082\u30a4\u30ae\u30ea\u30b9\u5206\uff080%\uff09\u3082\u5f15\u304b\u308c\u3066\u3044\u307e\u305b\u3093<\/b>\u3002\u305d\u306e\u305f\u3081\u3001\u78ba\u5b9a\u7533\u544a\u3067\u300c\u5916\u56fd\u7a0e\u984d\u63a7\u9664\u300d\u306e\u9762\u5012\u306a\u8a08\u7b97\u3092\u3057\u305f\u308a\u3001\u81ea\u8eab\u306e\u6240\u5f97\u67a0\u306e\u5236\u9650\u3092\u6c17\u306b\u3057\u3066\u300c\u5168\u984d\u53d6\u308a\u623b\u305b\u306a\u3044\u304b\u3082\u3057\u308c\u306a\u3044\u300d\u3068\u60a9\u3093\u3060\u308a\u3059\u308b\u5fc5\u8981\u304c\u4e00\u5207\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n<h3 data-path-to-node=\"63\">\u30e1\u30ea\u30c3\u30c8\u2461\uff1aNISA\uff08\u975e\u8ab2\u7a0e\u53e3\u5ea7\uff09\u3068\u306e\u76f8\u6027\u304c\u300c\u6700\u5f37\u300d<\/h3>\n<p 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data-index-in-node=\"43\">\u7c73\u56fd\u306e\u6e90\u6cc9\u7a0e10%\u306f\u5f15\u304b\u308c\u305f\u307e\u307e<\/b>\u306b\u306a\u308a\u307e\u3059\uff08NISA\u53e3\u5ea7\u5185\u306e\u8cc7\u7523\u306f\u5916\u56fd\u7a0e\u984d\u63a7\u9664\u306e\u5bfe\u8c61\u5916\u3068\u306a\u308b\u305f\u3081\u3001\u3053\u306e10%\u306f\u53d6\u308a\u623b\u305b\u307e\u305b\u3093\uff09\u3002<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"65,1,0\"><b data-path-to-node=\"65,1,0\" data-index-in-node=\"0\">\u30a4\u30ae\u30ea\u30b9ADR\u3092NISA\u3067\u8cb7\u3046\u5834\u5408\uff1a<\/b><\/p>\n<p data-path-to-node=\"65,1,0\">\u30a4\u30ae\u30ea\u30b9\u73fe\u5730\u7a0e\u304c0% \uff0b NISA\u3067\u65e5\u672c\u56fd\u5185\u7a0e\u30820% \uff1d <b data-path-to-node=\"65,1,0\" data-index-in-node=\"48\">\u914d\u5f53\u91d1\u304c\u300c100%\u4e38\u3054\u3068\u300d\u624b\u5143\u306b\u6b8b\u308a\u307e\u3059\u3002<\/b><\/p>\n<\/li>\n<\/ul>\n<p data-path-to-node=\"66\">\u7a0e\u91d1\u30921\u5186\u3082\u5f15\u304b\u308c\u308b\u3053\u3068\u306a\u304f\u3001\u4f01\u696d\u304c\u63d0\u793a\u3057\u305f\u914d\u5f53\u5229\u56de\u308a\u3092\u30d5\u30eb\u3067\u4eab\u53d7\u3067\u304d\u308b\u305f\u3081\u3001NISA\u53e3\u5ea7\u3067\u306e\u30a4\u30f3\u30ab\u30e0\u30b2\u30a4\u30f3\u6295\u8cc7\u3068\u3057\u3066\u306f\u5b9f\u8cea\u7684\u306b\u6700\u5f37\u306e\u9078\u629e\u80a2\u306e\u4e00\u3064\u3068\u306a\u308a\u307e\u3059\u3002<\/p>\n<h2 data-path-to-node=\"68\">7. \u30a4\u30ae\u30ea\u30b9ADR\u6295\u8cc7\u6642\u30fb\u78ba\u5b9a\u7533\u544a\u6642\u306e\u6ce8\u610f\u70b9<\/h2>\n<p data-path-to-node=\"69\">\u975e\u8ab2\u7a0e\u30e1\u30ea\u30c3\u30c8\u306f\u6975\u3081\u3066\u5927\u304d\u3044\u3067\u3059\u304c\u3001\u5b9f\u52d9\u3084\u30b3\u30b9\u30c8\u9762\u3067\u77e5\u3063\u3066\u304a\u304f\u3079\u304d\u30ea\u30a2\u30eb\u306a\u6ce8\u610f\u70b9\u304c3\u3064\u3042\u308a\u307e\u3059\u3002<\/p>\n<h3 data-path-to-node=\"70\">\u6ce8\u610f\u70b9\u2460\uff1a\u914d\u5f53\u63a7\u9664\u306e\u9069\u7528\u3092\u72d9\u3046\u969b\u306e\u7f60<\/h3>\n<p data-path-to-node=\"71\">\u65e5\u672c\u306e\u78ba\u5b9a\u7533\u544a\u3067\u300c\u7dcf\u5408\u8ab2\u7a0e\u300d\u3092\u9078\u629e\u3059\u308b\u3068\u3001\u56fd\u5185\u682a\u5f0f\u3067\u3042\u308c\u3070\u300c\u914d\u5f53\u63a7\u9664\u300d\u304c\u9069\u7528\u3055\u308c\u3066\u7a0e\u91d1\u304c\u623b\u3063\u3066\u304f\u308b\u3053\u3068\u304c\u3042\u308a\u307e\u3059\u3002\u3057\u304b\u3057\u3001ADR\uff08\u5916\u56fd\u682a\u5f0f\uff09\u306f\u65e5\u672c\u306e\u914d\u5f53\u63a7\u9664\u306e\u300c\u5bfe\u8c61\u5916\u300d\u3067\u3059\u3002<\/p>\n<p data-path-to-node=\"72\">\u7dcf\u5408\u8ab2\u7a0e\u3092\u9078\u629e\u3059\u308b\u3068\u3001\u672c\u4eba\u306e\u6240\u5f97\u306b\u3088\u3063\u3066\u306f\u6240\u5f97\u7a0e\u7387\u304c\u8df3\u306d\u4e0a\u304c\u308a\u3001\u304b\u3048\u3063\u3066\u7a0e\u8ca0\u62c5\u304c\u91cd\u304f\u306a\u3063\u3066\u3057\u307e\u3046\uff08\u4f4f\u6c11\u7a0e\u3068\u5408\u308f\u305b\u3066\u6700\u592755%\uff09\u305f\u3081\u6ce8\u610f\u3057\u3066\u304f\u3060\u3055\u3044\u3002\u57fa\u672c\u7684\u306b\u306f\u300c\u6e90\u6cc9\u5fb4\u53ce\u3042\u308a\u306e\u7279\u5b9a\u53e3\u5ea7\u300d\u3067\u8ab2\u7a0e\u3092\u5b8c\u7d50\u3055\u305b\u308b\u304b\u3001\u4ed6\u306e\u682a\u306e\u8b72\u6e21\u640d\u5931\u3068\u76f8\u6bba\uff08\u640d\u76ca\u901a\u7b97\uff09\u3059\u308b\u305f\u3081\u306b\u300c\u7533\u544a\u5206\u96e2\u8ab2\u7a0e\u300d\u3092\u9078\u629e\u3059\u308b\u306e\u304c\u7121\u96e3\u3067\u3059\u3002<\/p>\n<h3 data-path-to-node=\"73\">\u6ce8\u610f\u70b9\u2461\uff1a\u7a0e\u91d1\u304c0%\u3067\u3082\u300cADR\u7ba1\u7406\u624b\u6570\u6599\u300d\u306f\u5f15\u304b\u308c\u308b<\/h3>\n<p data-path-to-node=\"74\">\u30a4\u30ae\u30ea\u30b9\u73fe\u5730\u7a0e\u304c0%\u3067\u3042\u3063\u3066\u3082\u3001\u7c73\u56fd\u9810\u8a17\u9280\u884c\u306b\u5bfe\u3059\u308b\u300cADR\u7ba1\u7406\u624b\u6570\u6599\uff08\u5e74\u95931\u682a\u3042\u305f\u308a\u6570\u30bb\u30f3\u30c8\uff09\u300d\u306f\u5909\u308f\u3089\u305a\u767a\u751f\u3057\u307e\u3059\u3002<\/p>\n<p data-path-to-node=\"75\">\u3053\u306e\u624b\u6570\u6599\u306f\u914d\u5f53\u91d1\u304b\u3089\u81ea\u52d5\u7684\u306b\u5f15\u304d\u843d\u3068\u3055\u308c\u308b\u305f\u3081\u3001\u300c\u624b\u5143\u306b\u5165\u3063\u3066\u304d\u305f\u91d1\u984d\u304c\u3001\u914d\u5f53\u91d1\u767a\u8868\u984d\u3088\u308a\u308f\u305a\u304b\u306b\u5c11\u306a\u3044\u300d\u3068\u611f\u3058\u308b\u3053\u3068\u304c\u3042\u308a\u307e\u3059\u304c\u3001\u3053\u308c\u306f\u7a0e\u91d1\u3067\u306f\u306a\u304f\u300c\u9280\u884c\u306e\u624b\u6570\u6599\u300d\u3067\u3059\u3002<\/p>\n<h3 data-path-to-node=\"76\">\u6ce8\u610f\u70b9\u2462\uff1a\u9298\u67c4\u306e\u300c\u56fd\u7c4d\u300d\u306e\u5909\u66f4\uff08\u672c\u793e\u79fb\u8ee2\u30ea\u30b9\u30af\uff09<\/h3>\n<p data-path-to-node=\"77\">\u4f01\u696d\u306e\u300c\u56fd\u7c4d\u300d\u306f\u6c38\u9060\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n<p data-path-to-node=\"77\">\u4f8b\u3048\u3070\u3001\u304b\u3064\u3066\u8d85\u9ad8\u914d\u5f53ADR\u3068\u3057\u3066\u4eba\u6c17\u3060\u3063\u305f\u30ed\u30a4\u30e4\u30eb\u30fb\u30c0\u30c3\u30c1\u30fb\u30b7\u30a7\u30eb\uff08\u73fe\u30b7\u30a7\u30eb\uff1aSHEL\uff09\u3084\u30e6\u30cb\u30ea\u30fc\u30d0\uff08UL\uff09\u306f\u3001\u304b\u3064\u3066\u300c\u30a4\u30ae\u30ea\u30b9\u300d\u3068\u300c\u30aa\u30e9\u30f3\u30c0\u300d\u306e\u4e8c\u91cd\u7c4d\u4f01\u696d\u3067\u3057\u305f\u3002\u5f53\u6642\u3001\u30aa\u30e9\u30f3\u30c0\u5074\u304b\u3089\u914d\u5f53\u3092\u53d7\u3051\u53d6\u308b\u306815%\u306e\u30aa\u30e9\u30f3\u30c0\u6e90\u6cc9\u7a0e\u304c\u5f15\u304b\u308c\u3066\u3044\u307e\u3057\u305f\u304c\u3001\u73fe\u5728\u306f\u4e21\u793e\u3068\u3082\u306b\u672c\u793e\u3092\u300c\u30a4\u30ae\u30ea\u30b9\u306b\u4e00\u672c\u5316\u300d\u3057\u305f\u305f\u3081\u3001\u914d\u5f53\u6e90\u6cc9\u7a0e\u306f0%\u306b\u306a\u308a\u307e\u3057\u305f\u3002<\/p>\n<p data-path-to-node=\"78\">\u9006\u306b\u3001\u5c06\u6765\u7684\u306b\u4f01\u696d\u304c\u5229\u4fbf\u6027\u3084\u898f\u5236\u3092\u7406\u7531\u306b\u3001\u672c\u793e\u3092\u30a4\u30ae\u30ea\u30b9\u304b\u3089\u300c\u6e90\u6cc9\u7a0e\u306e\u3042\u308b\u4ed6\u56fd\u300d\u306b\u79fb\u8ee2\u3057\u305f\u5834\u5408\u3001<b data-path-to-node=\"78\" data-index-in-node=\"48\">\u7a81\u7136\u914d\u5f53\u91d1\u304b\u3089\u73fe\u5730\u7a0e\u304c\u5f15\u304b\u308c\u308b\u3088\u3046\u306b\u306a\u308b\u30ea\u30b9\u30af<\/b>\u304c\u3042\u308a\u307e\u3059\u3002\u4fdd\u6709\u9298\u67c4\u306e\u91cd\u5927\u306a\u30b3\u30fc\u30dd\u30ec\u30fc\u30c8\u30a2\u30af\u30b7\u30e7\u30f3\uff08\u672c\u793e\u79fb\u8ee2\u306a\u3069\uff09\u306f\u5b9a\u671f\u7684\u306b\u30cb\u30e5\u30fc\u30b9\u7b49\u3067\u30c1\u30a7\u30c3\u30af\u3057\u3066\u304a\u304d\u307e\u3057\u3087\u3046\u3002<\/p>\n<h2 data-path-to-node=\"80\">8. \u901a\u5e38\u306e\u7c73\u56fd\u682a\u3068\u30a4\u30ae\u30ea\u30b9ADR\u306e\u6bd4\u8f03\u307e\u3068\u3081<\/h2>\n<p data-path-to-node=\"81\">\u3053\u3053\u307e\u3067\u306e\u89e3\u8aac\u3092\u6574\u7406\u3057\u3001\u901a\u5e38\u306e\u7c73\u56fd\u682a\u3068\u30a4\u30ae\u30ea\u30b9ADR\u306e\u6c7a\u5b9a\u7684\u306a\u9055\u3044\u3092\u6bd4\u8f03\u8868\u306b\u307e\u3068\u3081\u307e\u3057\u305f\u3002<\/p>\n<table data-path-to-node=\"82\">\n<thead>\n<tr>\n<td><strong>\u9805\u76ee<\/strong><\/td>\n<td><strong>\u30a4\u30ae\u30ea\u30b9\u7c4dADR\uff08BTI\u3001SHEL\u306a\u3069\uff09<\/strong><\/td>\n<td><strong>\u4e00\u822c\u7684\u306a\u7c73\u56fd\u682a\uff08AAPL\u3001MSFT\u306a\u3069\uff09<\/strong><\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><span data-path-to-node=\"82,1,0,0\"><b data-path-to-node=\"82,1,0,0\" data-index-in-node=\"0\">\u53d6\u5f15\u901a\u8ca8<\/b><\/span><\/td>\n<td><span data-path-to-node=\"82,1,1,0\"><b data-path-to-node=\"82,1,1,0\" data-index-in-node=\"0\">\u7c73\u30c9\u30eb<\/b><\/span><\/td>\n<td><span data-path-to-node=\"82,1,2,0\"><b data-path-to-node=\"82,1,2,0\" data-index-in-node=\"0\">\u7c73\u30c9\u30eb<\/b><\/span><\/td>\n<\/tr>\n<tr>\n<td><span data-path-to-node=\"82,2,0,0\"><b data-path-to-node=\"82,2,0,0\" data-index-in-node=\"0\">\u53d6\u5f15\u5e02\u5834<\/b><\/span><\/td>\n<td><span data-path-to-node=\"82,2,1,0\">\u7c73\u56fd\u5e02\u5834\uff08NYSE\u3001NASDAQ\u306a\u3069\uff09<\/span><\/td>\n<td><span data-path-to-node=\"82,2,2,0\">\u7c73\u56fd\u5e02\u5834\uff08NYSE\u3001NASDAQ\u306a\u3069\uff09<\/span><\/td>\n<\/tr>\n<tr>\n<td><span data-path-to-node=\"82,3,0,0\"><b data-path-to-node=\"82,3,0,0\" data-index-in-node=\"0\">\u73fe\u5730\uff08\u672c\u56fd\uff09\u6e90\u6cc9\u7a0e<\/b><\/span><\/td>\n<td><span data-path-to-node=\"82,3,1,0\"><b data-path-to-node=\"82,3,1,0\" data-index-in-node=\"0\">0%<\/b> (\u30a4\u30ae\u30ea\u30b9\u56fd\u5185\u6cd5)<\/span><\/td>\n<td><span data-path-to-node=\"82,3,2,0\">10% (\u65e5\u7c73\u79df\u7a0e\u6761\u7d04)<\/span><\/td>\n<\/tr>\n<tr>\n<td><span data-path-to-node=\"82,4,0,0\"><b data-path-to-node=\"82,4,0,0\" data-index-in-node=\"0\">\u65e5\u672c\u56fd\u5185\u306e\u8ab2\u7a0e<\/b><\/span><\/td>\n<td><span data-path-to-node=\"82,4,1,0\">\u7d0420.315%<\/span><\/td>\n<td><span data-path-to-node=\"82,4,2,0\">\u7d0420.315%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span data-path-to-node=\"82,5,0,0\"><b data-path-to-node=\"82,5,0,0\" data-index-in-node=\"0\">NISA\u3067\u306e\u914d\u5f53\u53d7\u3051\u53d6\u308a<\/b><\/span><\/td>\n<td><span data-path-to-node=\"82,5,1,0\"><b data-path-to-node=\"82,5,1,0\" data-index-in-node=\"0\">\u5b8c\u5168\u975e\u8ab2\u7a0e (100%\u53d7\u3051\u53d6\u308a)<\/b><\/span><\/td>\n<td><span data-path-to-node=\"82,5,2,0\">\u5b9f\u8cea10%\u8ab2\u7a0e (\u7c73\u56fd\u5206\u304c\u5f15\u304b\u308c\u308b)<\/span><\/td>\n<\/tr>\n<tr>\n<td><span data-path-to-node=\"82,6,0,0\"><b data-path-to-node=\"82,6,0,0\" data-index-in-node=\"0\">\u5916\u56fd\u7a0e\u984d\u63a7\u9664\u306e\u7533\u8acb<\/b><\/span><\/td>\n<td><span data-path-to-node=\"82,6,1,0\"><b data-path-to-node=\"82,6,1,0\" data-index-in-node=\"0\">\u4e0d\u8981<\/b> (\u4e8c\u91cd\u8ab2\u7a0e\u304c\u767a\u751f\u3057\u306a\u3044\u305f\u3081)<\/span><\/td>\n<td><span data-path-to-node=\"82,6,2,0\">\u5fc5\u8981 (\u7c73\u56fd\u520610%\u306e\u9084\u4ed8\u8acb\u6c42\u306e\u305f\u3081)<\/span><\/td>\n<\/tr>\n<tr>\n<td><span data-path-to-node=\"82,7,0,0\"><b data-path-to-node=\"82,7,0,0\" data-index-in-node=\"0\">ADR\u7ba1\u7406\u624b\u6570\u6599<\/b><\/span><\/td>\n<td><span data-path-to-node=\"82,7,1,0\"><b data-path-to-node=\"82,7,1,0\" data-index-in-node=\"0\">\u767a\u751f\u3059\u308b<\/b><\/span><\/td>\n<td><span data-path-to-node=\"82,7,2,0\">\u767a\u751f\u3057\u306a\u3044 (\u901a\u5e38\u306e\u500b\u5225\u682a\u306e\u305f\u3081)<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2 data-path-to-node=\"84\">9. \u521d\u5fc3\u8005\u304cADR\u6295\u8cc7\u3092\u59cb\u3081\u308b\u305f\u3081\u306e\u5b9f\u52d9\u30b9\u30c6\u30c3\u30d7<\/h2>\n<p data-path-to-node=\"85\">\u5b9f\u969b\u306bADR\u306b\u6295\u8cc7\u3059\u308b\u6d41\u308c\u306f\u3001\u62cd\u5b50\u629c\u3051\u3059\u308b\u307b\u3069\u7c21\u5358\u3067\u3059\u3002\u65e5\u672c\u306e\u4e3b\u8981\u306a\u30cd\u30c3\u30c8\u8a3c\u5238\uff08SBI\u8a3c\u5238\u3001\u697d\u5929\u8a3c\u5238\u3001\u30de\u30cd\u30c3\u30af\u30b9\u8a3c\u5238\u306a\u3069\uff09\u306e\u53e3\u5ea7\u304c\u3042\u308c\u3070\u3001\u901a\u5e38\u306e\u7c73\u56fd\u500b\u5225\u682a\u3092\u8cb7\u3046\u624b\u9806\u30681\u30df\u30ea\u3082\u5909\u308f\u308a\u307e\u305b\u3093\u3002<\/p>\n<p><response-element class=\"\" ng-version=\"0.0.0-PLACEHOLDER\"><code-block _nghost-ng-c3241222747=\"\" class=\"ng-tns-c3241222747-33 enable-luminous-code-block ng-star-inserted\"><\/code-block><\/response-element><\/p>\n<div _ngcontent-ng-c3241222747=\"\" class=\"code-block ng-tns-c3241222747-33 ng-animate-disabled ng-trigger ng-trigger-codeBlockRevealAnimation\" jslog=\"223238;track:impression,attention;BardVeMetadataKey:[[&quot;r_21960e22a64c63fa&quot;,&quot;c_92d623a0dd818c63&quot;,null,&quot;rc_ba93b133b80d1ebe&quot;,null,null,&quot;ja&quot;,null,1,null,null,1,0]]\">\n<div _ngcontent-ng-c3241222747=\"\" class=\"formatted-code-block-internal-container ng-tns-c3241222747-33\">\n<div _ngcontent-ng-c3241222747=\"\" class=\"animated-opacity ng-tns-c3241222747-33\">\n<pre _ngcontent-ng-c3241222747=\"\" class=\"ng-tns-c3241222747-33\"><code _ngcontent-ng-c3241222747=\"\" role=\"text\" data-test-id=\"code-content\" class=\"code-container formatted ng-tns-c3241222747-33 no-decoration-radius\">\u3010\u30b9\u30c6\u30c3\u30d7 1\u3011 \u65e5\u672c\u306e\u8a3c\u5238\u53e3\u5ea7\u3092\u958b\u8a2d\u30fb\u30ed\u30b0\u30a4\u30f3\u3059\u308b\r\n     \u2193\r\n\u3010\u30b9\u30c6\u30c3\u30d7 2\u3011 \u5916\u56fd\u682a\u53d6\u5f15\u5c02\u7528\u306e\u30da\u30fc\u30b8\uff08\u307e\u305f\u306f\u30a2\u30d7\u30ea\uff09\u306b\u30a2\u30af\u30bb\u30b9\u3059\u308b\r\n     \u2193\r\n\u3010\u30b9\u30c6\u30c3\u30d7 3\u3011 \u691c\u7d22\u7a93\u306b\u3001ADR\u9298\u67c4\u306e\u300c\u30c6\u30a3\u30c3\u30ab\u30fc\uff08TSM\u3001BTI\u3001SHEL\u306a\u3069\uff09\u300d\u3092\u5165\u529b\u3059\u308b\r\n     \u2193\r\n\u3010\u30b9\u30c6\u30c3\u30d7 4\u3011 \u901a\u5e38\u306e\u7c73\u56fd\u682a\u3068\u540c\u69d8\u306b\u300c\u7c73\u30c9\u30eb\u5efa\u3066\u300d\u3067\u6570\u91cf\u3092\u6307\u5b9a\u3057\u3001\u8cb7\u3044\u6ce8\u6587\u3092\u767a\u6ce8\u3059\u308b\r\n<\/code><\/pre>\n<\/div>\n<\/div>\n<\/div>\n<p>&nbsp;<\/p>\n<blockquote data-path-to-node=\"87\">\n<p data-path-to-node=\"87,0\"><b data-path-to-node=\"87,0\" data-index-in-node=\"0\">NISA\u53e3\u5ea7\u3067\u8cb7\u3046\u969b\u306e\u30dd\u30a4\u30f3\u30c8\uff1a<\/b><\/p>\n<p data-path-to-node=\"87,0\">\u6ce8\u6587\u6642\u306b\u3001\u9810\u304b\u308a\u533a\u5206\u3092\u300c\u7279\u5b9a\u9810\u304b\u308a\u300d\u3084\u300c\u4e00\u822c\u9810\u304b\u308a\u300d\u3067\u306f\u306a\u304f\u3001\u5fc5\u305a**\u300cNISA\u6210\u9577\u6295\u8cc7\u67a0\u300d**\u306b\u9078\u629e\u3057\u3066\u767a\u6ce8\u3057\u3066\u304f\u3060\u3055\u3044\u3002\u3053\u308c\u306b\u3088\u308a\u3001\u524d\u8ff0\u3057\u305f\u300c\u30a4\u30ae\u30ea\u30b9\u7c4d\u9298\u67c4\u306e\u5b8c\u5168\u975e\u8ab2\u7a0e\uff08100%\u53d7\u3051\u53d6\u308a\uff09\u300d\u306e\u30e1\u30ea\u30c3\u30c8\u3092\u4eab\u53d7\u3067\u304d\u307e\u3059\u3002<\/p>\n<\/blockquote>\n<h2 data-path-to-node=\"89\">10. \u7d50\u3073\uff1a\u300c\u91d1\u878d\u306e\u77e5\u8b58\u300d\u3068\u3044\u3046\u4e16\u754c\u6700\u5927\u306e\u30b3\u30f3\u30d1\u30b9\u3092\u6301\u3064\u91cd\u8981\u6027<\/h2>\n<p data-path-to-node=\"90\">\u3053\u3053\u307e\u3067\u3001ADR\u306e\u4ed5\u7d44\u307f\u304b\u3089\u5177\u4f53\u7684\u306a\u9298\u67c4\u3001\u904b\u7528\u4e0a\u306e\u30ea\u30b9\u30af\u3001\u305d\u3057\u3066\u7a0e\u52d9\u4e0a\u306e\u6709\u5229\u306a\u70b9\u307e\u3067\u3001\u30b9\u30c6\u30c3\u30d7\u30d0\u30a4\u30b9\u30c6\u30c3\u30d7\u3067\u89e3\u8aac\u3057\u3066\u304d\u307e\u3057\u305f\u3002<\/p>\n<p data-path-to-node=\"91\">\u6295\u8cc7\u306e\u4e16\u754c\u306b\u304a\u3044\u3066\u3001\u6700\u3082\u5927\u304d\u306a\u30ea\u30b9\u30af\u306f\u300c\u76f8\u5834\u306e\u66b4\u843d\u300d\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u6700\u3082\u5927\u304d\u306a\u30ea\u30b9\u30af\u306f\u300c\u81ea\u5206\u304c\u7406\u89e3\u3057\u3066\u3044\u306a\u3044\u3082\u306e\u306b\u3001\u4eba\u304b\u3089\u52e7\u3081\u3089\u308c\u308b\u304c\u307e\u307e\u306b\u304a\u91d1\u3092\u6295\u3058\u308b\u3053\u3068\u300d<b data-path-to-node=\"91\" data-index-in-node=\"79\">\u3001\u3059\u306a\u308f\u3061<\/b>\u300c\u7121\u77e5\u300d\u3067\u3059\u3002<\/p>\n<p data-path-to-node=\"92\">\u4eca\u56de\u5b66\u3093\u3060\u300cADR\u300d\u3068\u3044\u3046\u4ed5\u7d44\u307f\u306f\u3001\u5358\u306a\u308b\u300c\u4fbf\u5229\u306a\u6295\u8cc7\u65b9\u6cd5\u300d\u306e\u4e00\u3064\u306b\u3068\u3069\u307e\u308a\u307e\u305b\u3093\u3002\u305d\u308c\u306f\u3001\u300c\u65e5\u672c\u3068\u3044\u3046\u67a0\u7d44\u307f\u3001\u3055\u3089\u306b\u306f\u7c73\u56fd\u3068\u3044\u3046\u67a0\u7d44\u307f\u3055\u3048\u3082\u8d85\u3048\u3066\u3001\u5730\u7403\u5100\u3092\u4fef\u77b0\u3057\u306a\u304c\u3089\u30d9\u30b9\u30c8\u306a\u6295\u8cc7\u5148\u3092\u9078\u629e\u3059\u308b\u81ea\u7531\u300d\u3092\u3042\u306a\u305f\u306b\u4e0e\u3048\u3066\u304f\u308c\u308b\u5f37\u529b\u306a\u30b3\u30f3\u30d1\u30b9\u3067\u3059\u3002<\/p>\n<h3 data-path-to-node=\"93\">\u77e5\u8b58\u304c\u3042\u308b\u4eba\u3068\u306a\u3044\u4eba\u306e\u6c7a\u5b9a\u7684\u306a\u300c\u5dee\u300d<\/h3>\n<p data-path-to-node=\"94\">\u65e5\u672c\u306e\u5c06\u6765\u7684\u306a\u5186\u5b89\u3084\u30a4\u30f3\u30d5\u30ec\u306e\u30ea\u30b9\u30af\u306b\u5bfe\u3057\u3066\u3001\u591a\u304f\u306e\u4eba\u304c\u6f20\u7136\u3068\u3057\u305f\u4e0d\u5b89\u3092\u62b1\u3048\u3066\u3044\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u77e5\u8b58\u304c\u306a\u3044\u4eba\u306f\u300c\u305f\u3060\u9280\u884c\u306b\u304a\u91d1\u3092\u7720\u3089\u305b\u3066\u304a\u304f\u300d\u304b\u3001\u300cSNS\u3067\u6d41\u884c\u3057\u3066\u3044\u308b\u30a4\u30f3\u30c7\u30c3\u30af\u30b9\u6295\u8cc7\u3092\u306a\u3093\u3068\u306a\u304f\u8cb7\u3063\u3066\u653e\u7f6e\u3059\u308b\u300d\u3060\u3051\u3067\u3001\u601d\u8003\u3092\u6b62\u3081\u3066\u3057\u307e\u3044\u304c\u3061\u3067\u3059\u3002<\/p>\n<p data-path-to-node=\"95\">\u4e00\u65b9\u3067\u3001ADR\u306e\u4ed5\u7d44\u307f\u3092\u77e5\u308a\u3001\u4e16\u754c\u306e\u7523\u696d\u69cb\u9020\u3092\u5b66\u3093\u3060\u3042\u306a\u305f\u306f\u9055\u3044\u307e\u3059\u3002<\/p>\n<ul data-path-to-node=\"96\">\n<li>\n<p data-path-to-node=\"96,0,0\">\u300c\u3053\u308c\u304b\u3089AI\u306e\u6642\u4ee3\u304c\u6570\u5341\u5e74\u7d9a\u304f\u306a\u3089\u3001\u30a2\u30e1\u30ea\u30ab\u306e\u30c6\u30c3\u30af\u30b8\u30e3\u30a4\u30a2\u30f3\u30c8\u3060\u3051\u3067\u306a\u304f\u3001\u305d\u306e\u5fc3\u81d3\u90e8\u306e\u30c1\u30c3\u30d7\u3092\u4f5c\u308b\u53f0\u6e7e\u306eTSMC\uff08TSM\uff09\u3084\u30aa\u30e9\u30f3\u30c0\u306eASML\u3092\u76f4\u63a5\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306b\u7d44\u307f\u8fbc\u3082\u3046\u300d<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"96,1,0\">\u300c\u5186\u5b89\u306b\u5bfe\u6297\u3059\u308b\u305f\u3081\u306b\u3001\u73fe\u5730\u6e90\u6cc9\u7a0e0%\u306e\u30a4\u30ae\u30ea\u30b9\u9ad8\u914d\u5f53\u682a\uff08BTI\uff09\u3092NISA\u3067\u4fdd\u6709\u3057\u3001\u7a0e\u91d1\u3092\u5f15\u304b\u308c\u306a\u3044\u6700\u5f37\u306e\u914d\u5f53\u91d1\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u3092\u4f5c\u308d\u3046\u300d<\/p>\n<\/li>\n<\/ul>\n<p data-path-to-node=\"97\">\u3053\u306e\u3088\u3046\u306b\u3001\u81ea\u5206\u306e\u982d\u3067\u8003\u3048\u3001\u8ad6\u7406\u7684\u306b\u30ea\u30b9\u30af\u3092\u5206\u6563\u3057\u3001\u4e3b\u4f53\u7684\u306b\u30ea\u30bf\u30fc\u30f3\u3092\u72d9\u3044\u306b\u3044\u304f\u3053\u3068\u304c\u3067\u304d\u308b\u3088\u3046\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n<blockquote data-path-to-node=\"98\">\n<p data-path-to-node=\"98,0\"><b data-path-to-node=\"98,0\" data-index-in-node=\"0\">\u300c\u6295\u8cc7\u306b\u304a\u3051\u308b\u6700\u5927\u306e\u8cc7\u7523\u306f\u3001\u3042\u306a\u305f\u306e\u8a3c\u5238\u53e3\u5ea7\u306e\u6b8b\u9ad8\u3067\u306f\u306a\u304f\u3001\u3042\u306a\u305f\u306e\u8133\u7d30\u80de\u306b\u84c4\u7a4d\u3055\u308c\u305f\u91d1\u878d\u30ea\u30c6\u30e9\u30b7\u30fc\u3067\u3042\u308b\u3002\u300d<\/b><\/p>\n<\/blockquote>\n<p data-path-to-node=\"99\">\u3053\u308c\u306f\u4e16\u754c\u6700\u9ad8\u5cf0\u306e\u6295\u8cc7\u5bb6\u305f\u3061\u304c\u5171\u901a\u3057\u3066\u8a9e\u308b\u771f\u7406\u3067\u3059\u3002<\/p>\n<p data-path-to-node=\"99\">\u77e5\u8b58\u3068\u3044\u3046\u6700\u9ad8\u306e\u6b66\u5668\u3092\u624b\u306b\u3001\u4e16\u754c\u4e2d\u306e\u512a\u826f\u4f01\u696d\u3092\u3042\u306a\u305f\u306e\u30d3\u30b8\u30cd\u30b9\u30d1\u30fc\u30c8\u30ca\u30fc\u306b\u3057\u3066\u3001\u3088\u308a\u8c4a\u304b\u3067\u81ea\u7531\u306a\u672a\u6765\u3092\u5207\u308a\u62d3\u3044\u3066\u3044\u304d\u307e\u3057\u3087\u3046\uff01<\/p>\n<div><\/div>\n<div class=\"xcd-attention-8 xcd-col5 xcd-ripple\">\n<div class=\"xcd-title\"><span style=\"font-size: 18pt;\">\u30d7\u30ed\u306e\u77e5\u8b58\u304c\u7121\u6599\u3067\u5b66\u3079\u307e\u3059<\/span><\/div>\n<div class=\"xcd-content\">\n<p><span style=\"font-size: 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