{"id":33749,"date":"2026-11-06T10:45:56","date_gmt":"2026-11-06T01:45:56","guid":{"rendered":"https:\/\/official.gfs.tokyo\/blog\/?p=33749"},"modified":"2026-11-06T10:45:56","modified_gmt":"2026-11-06T01:45:56","slug":"ue-systenas-10-billion-yen-share-buyback","status":"publish","type":"post","link":"https:\/\/official.gfs.tokyo\/blog\/ue-systenas-10-billion-yen-share-buyback","title":{"rendered":"\u30b7\u30b9\u30c6\u30ca\u306e100\u5104\u5186\u81ea\u793e\u682a\u8cb7\u3044\uff0610%\u6d88\u5374\u3092\u5fb9\u5e95\u89e3\u8aac\uff5c\u682a\u4fa1\u30fbROE\u3078\u306e\u5f71\u97ff"},"content":{"rendered":"<h2 data-path-to-node=\"0\">\u30b7\u30b9\u30c6\u30ca\u306e100\u5104\u5186\u81ea\u793e\u682a\u8cb7\u3044\uff0610%\u6d88\u5374\u3092\u5fb9\u5e95\u89e3\u8aac\uff5c\u682a\u4fa1\u30fbROE\u3078\u306e\u5f71\u97ff<\/h2>\n<h2 data-path-to-node=\"1\" class=\"\">\u8ca1\u52d9\u8af8\u8868\u306e\u8aad\u307f\u89e3\u304d\u304b\u3089\u8cc7\u672c\u52b9\u7387\uff08ROE\uff09\u3001\u9700\u7d66\u30a4\u30f3\u30d1\u30af\u30c8\u3001\u6295\u8cc7\u30ea\u30c6\u30e9\u30b7\u30fc\u306e\u771f\u9ac4\u307e\u3067<\/h2>\n<div>\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<\/div>\n<h2 data-path-to-node=\"3\" class=\"\">\u5e8f\u7ae0\uff1a\u5e02\u5834\u3092\u63fa\u308b\u304c\u3057\u305f\u96fb\u6483\u767a\u8868\u306e\u6982\u8981<\/h2>\n<p data-path-to-node=\"4\"><span class=\"\">2026\u5e7411\u6708\u3001<\/span><span>\u6771\u8a3c\u30d7\u30e9\u30a4\u30e0\u4e0a\u5834\u306e\u72ec\u7acb\u7cfb\u5927\u624b\u30b7\u30b9\u30c6\u30e0\u30a4\u30f3\u30c6\u30b0\u30ec\u30fc\u30bf\u30fc\uff08SIer\uff09\u3067\u3042\u308b\u682a\u5f0f\u4f1a\u793e\u30b7\u30b9\u30c6\u30ca\uff08\u8a3c\u5238\u30b3\u30fc\u30c9\uff1a2317\uff09\u304c\u3001<\/span><span class=\"\">\u8cc7\u672c\u5e02\u5834\u306e\u8033\u76ee\u3092\u96c6\u3081\u308b\u6975\u3081\u3066\u5927\u898f\u6a21\u306a\u8cc7\u672c\u653f\u7b56\u3092\u767a\u8868\u3057\u307e\u3057\u305f\u3002<\/span><\/p>\n<p data-path-to-node=\"5\"><span>\u767a\u8868\u3055\u308c\u305f\u9aa8\u5b50\u306f\u3001<\/span><strong>\u300c\u4e0a\u9650100\u5104\u5186\uff08\u6700\u59272,380\u4e07\u682a\uff09\u306b\u306e\u307c\u308b\u81ea\u5df1\u682a\u5f0f\u53d6\u5f97\uff08\u81ea\u793e\u682a\u8cb7\u3044\uff09\u300d\u304a\u3088\u3073<span class=\"\">\u300c\u767a\u884c\u6e08\u682a\u5f0f\u7dcf\u6570\u306e10.<\/span>00\uff05\u306b\u76f8\u5f53\u3059\u308b4,260\u4e07\u682a\u306e\u81ea\u5df1\u682a\u5f0f\u6d88\u5374\u300d\u306e<span class=\"f-marker-p\">\u540c\u6642\u6c7a\u8b70<\/span>\u3067\u3059\u3002<\/strong><\/p>\n<p data-path-to-node=\"6\"><span>\u307e\u305a\u306f\u3001<\/span><span class=\"\">\u4eca\u56de\u767a\u8868\u3055\u308c\u305f\u4e3b\u8981\u8af8\u5143\u3092\u6574\u7406\u3057\u307e\u3059\u3002<\/span><\/p>\n<table data-path-to-node=\"7\">\n<thead>\n<tr>\n<td><strong>\u9805\u76ee<\/strong><\/td>\n<td><strong>\u6c7a\u5b9a\u5185\u5bb9<\/strong><\/td>\n<td><strong>\u5099\u8003\u30fb\u5e02\u5834\u30a4\u30f3\u30d1\u30af\u30c8<\/strong><\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><span data-path-to-node=\"7,1,0,0\"><b data-path-to-node=\"7,1,0,0\" data-index-in-node=\"0\">\u81ea\u793e\u682a\u8cb7\u3044\uff08\u53d6\u5f97\u67a0\u4e0a\u9650\uff09<\/b><\/span><\/td>\n<td><span data-path-to-node=\"7,1,1,0\"><b data-path-to-node=\"7,1,1,0\" data-index-in-node=\"0\">100\u5104\u5186 \/ 2,380\u4e07\u682a<\/b><\/span><\/td>\n<td><span data-path-to-node=\"7,1,2,0\">\u767a\u884c\u6e08\u682a\u5f0f\u7dcf\u6570\u306e\u7d046.65%\uff08\u81ea\u5df1\u682a\u5f0f\u3092\u9664\u304f\u767a\u884c\u6e08\u30d9\u30fc\u30b9\u3067\u7d046.7%\uff09<\/span><\/td>\n<\/tr>\n<tr>\n<td><span data-path-to-node=\"7,2,0,0\"><b data-path-to-node=\"7,2,0,0\" data-index-in-node=\"0\">\u53d6\u5f97\u671f\u9593<\/b><\/span><\/td>\n<td><span data-path-to-node=\"7,2,1,0\"><b data-path-to-node=\"7,2,1,0\" data-index-in-node=\"0\">2026\u5e7411\u67085\u65e5 \uff5e 2027\u5e7411\u67084\u65e5<\/b><\/span><\/td>\n<td><span data-path-to-node=\"7,2,2,0\">\u4e381\u5e74\uff08\u7d04245\u55b6\u696d\u65e5\uff09\u3092\u304b\u3051\u305f\u7d99\u7d9a\u7684\u5e02\u5834\u8cb7\u4ed8<\/span><\/td>\n<\/tr>\n<tr>\n<td><span data-path-to-node=\"7,3,0,0\"><b data-path-to-node=\"7,3,0,0\" data-index-in-node=\"0\">\u53d6\u5f97\u65b9\u6cd5<\/b><\/span><\/td>\n<td><span data-path-to-node=\"7,3,1,0\"><b data-path-to-node=\"7,3,1,0\" data-index-in-node=\"0\">\u4fe1\u8a17\u65b9\u5f0f\uff08\u8a3c\u5238\u4f1a\u793e\u3078\u306e\u6295\u8cc7\u4e00\u4efb\uff09<\/b><\/span><\/td>\n<td><span data-path-to-node=\"7,3,2,0\">VWAP\u7b49\u3092\u57fa\u6e96\u306b\u30a2\u30eb\u30b4\u30ea\u30ba\u30e0\u3067\u6a5f\u68b0\u7684\u306b\u6bce\u65e5\u5e02\u5834\u304b\u3089\u8cb7\u4ed8<\/span><\/td>\n<\/tr>\n<tr>\n<td><span data-path-to-node=\"7,4,0,0\"><b data-path-to-node=\"7,4,0,0\" data-index-in-node=\"0\">\u682a\u5f0f\u6d88\u5374\u306e\u898f\u6a21<\/b><\/span><\/td>\n<td><span data-path-to-node=\"7,4,1,0\"><b data-path-to-node=\"7,4,1,0\" data-index-in-node=\"0\">4,260\u4e07\u682a\uff08\u6d88\u5374\u524d\u767a\u884c\u6e08\u306e10.00%\uff09<\/b><\/span><\/td>\n<td><span data-path-to-node=\"7,4,2,0\">\u4fdd\u6709\u3057\u3066\u3044\u305f\u91d1\u5eab\u682a\u3092\u6cd5\u7684\u306b\u5b8c\u5168\u62b9\u6d88<\/span><\/td>\n<\/tr>\n<tr>\n<td><span data-path-to-node=\"7,5,0,0\"><b data-path-to-node=\"7,5,0,0\" data-index-in-node=\"0\">\u682a\u5f0f\u6d88\u5374\u306e\u5b9f\u65bd\u65e5<\/b><\/span><\/td>\n<td><span data-path-to-node=\"7,5,1,0\"><b data-path-to-node=\"7,5,1,0\" data-index-in-node=\"0\">2026\u5e7411\u670812\u65e5<\/b><\/span><\/td>\n<td><span data-path-to-node=\"7,5,2,0\">\u767a\u884c\u6e08\u682a\u5f0f\u7dcf\u6570\u306f\u7d044\u51042,588\u4e07\u682a\u304b\u3089\u7d043\u51048,328\u4e07\u682a\u3078\u7e2e\u5c0f<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p data-path-to-node=\"8\"><span>\u682a\u5f0f\u5e02\u5834\u306b\u304a\u3044\u3066\u300c\u81ea\u793e\u682a\u8cb7\u3044\u300d\u3084\u300c\u682a\u5f0f\u6d88\u5374\u300d\u3068\u3044\u3046\u5358\u8a9e\u306f\u983b\u7e41\u306b\u767b\u5834\u3057\u307e\u3059\u304c\u3001<\/span><span>\u767a\u884c\u6e08\u682a\u5f0f\u306e6\u301c10\uff05\u3068\u3044\u3046\u898f\u6a21\u611f\u3067\u3053\u308c\u3089\u304c\u540c\u6642\u306b\u5b9f\u884c\u3055\u308c\u308b\u30b1\u30fc\u30b9\u306f\u6c7a\u3057\u3066\u591a\u304f\u3042\u308a\u307e\u305b\u3093\u3002<\/span><\/p>\n<p data-path-to-node=\"9\"><span class=\"\">\u306a\u305c\u3053\u306e\u30cb\u30e5\u30fc\u30b9\u304c\u6295\u8cc7\u5bb6\u304b\u3089\u7d76\u8cdb\u3055\u308c\u308b\u306e\u304b\u3001<\/span><span>\u305d\u3057\u3066\u306a\u305c\u30b7\u30b9\u30c6\u30ca\u306f\u3053\u308c\u307b\u3069\u5de8\u984d\u306e\u73fe\u91d1\u3092\u52d5\u304b\u3059\u3053\u3068\u304c\u3067\u304d\u305f\u306e\u304b\u3002<\/span><span class=\"\">\u672c\u7a3f\u3067\u306f\u3001<\/span><span>\u540c\u793e\u306e\u4e8b\u696d\u69cb\u9020\u3001<\/span><span class=\"\">\u5f37\u56fa\u306a\u8ca1\u52d9\u4f53\u8cea\u3001<\/span><span>\u9700\u7d66\u30e1\u30ab\u30cb\u30ba\u30e0\u3001<\/span><span class=\"\">\u305d\u3057\u3066\u30b3\u30fc\u30dd\u30ec\u30fc\u30c8\u30ac\u30d0\u30ca\u30f3\u30b9\u6539\u9769\u3068\u3044\u3046\u6642\u4ee3\u80cc\u666f\u306b\u81f3\u308b\u307e\u3067\u3001<\/span><span>\u521d\u5fc3\u8005\u306b\u3082\u5206\u304b\u308a\u3084\u3059\u304f\u4f53\u7cfb\u7684\u306b\u89e3\u304d\u660e\u304b\u3057\u3066\u3044\u304d\u307e\u3059\u3002<\/span><\/p>\n<h2 data-path-to-node=\"11\" class=\"\">\u7b2c1\u7ae0\uff1a\u57fa\u790e\u304b\u3089\u7406\u89e3\u3059\u308b\u300c\u81ea\u793e\u682a\u8cb7\u3044\u300d\u3068\u300c\u682a\u5f0f\u6d88\u5374\u300d\u306e\u30e1\u30ab\u30cb\u30ba\u30e0<\/h2>\n<p data-path-to-node=\"12\"><span class=\"\">\u682a\u5f0f\u6295\u8cc7\u3084\u4f01\u696d\u8ca1\u52d9\u3092\u5b66\u3073\u59cb\u3081\u305f\u521d\u5fc3\u8005\u304c\u6700\u521d\u306b\u3064\u307e\u305a\u304d\u3084\u3059\u3044\u306e\u304c\u3001<\/span><span>\u300c\u81ea\u793e\u682a\u8cb7\u3044\u300d\u3068\u300c\u6d88\u5374\u300d\u306e\u9055\u3044\u3001<\/span><span class=\"\">\u305d\u3057\u3066\u300c\u306a\u305c\u682a\u4fa1\u306b\u30d7\u30e9\u30b9\u306a\u306e\u304b\u300d\u3068\u3044\u3046\u56e0\u679c\u95a2\u4fc2\u3067\u3059\u3002<\/span><span>\u3053\u308c\u3089\u3092\u30b1\u30fc\u30ad\u3068\u30b9\u30e9\u30a4\u30b9\uff08\u5207\u308a\u5206\u3051\uff09\u306e\u4f8b\u3048\u3092\u4f7f\u3063\u3066\u8996\u899a\u7684\u306b\u6574\u7406\u3057\u307e\u3059\u3002<\/span><\/p>\n<h3 data-path-to-node=\"13\" class=\"\">1. \u81ea\u793e\u682a\u8cb7\u3044\uff08Share Repurchase\uff09\u3068\u306f\u4f55\u304b\uff1f<\/h3>\n<p data-path-to-node=\"14\"><span>\u81ea\u793e\u682a\u8cb7\u3044\u3068\u306f\u3001<\/span><b data-path-to-node=\"14\" data-index-in-node=\"8\">\u4f01\u696d\u304c\u624b\u5143\u306e\u4f59\u5270\u8cc7\u91d1\uff08\u30ad\u30e3\u30c3\u30b7\u30e5\uff09\u3092\u4f7f\u3063\u3066\u3001\u8a3c\u5238\u53d6\u5f15\u6240\u3092\u4ecb\u3057\u3066\u5e02\u5834\u306b\u51fa\u56de\u3063\u3066\u3044\u308b\u81ea\u793e\u306e\u682a\u5f0f\u3092\u8cb7\u3044\u623b\u3059\u3053\u3068<\/b><span>\u3067\u3059\u3002<\/span><\/p>\n<p data-path-to-node=\"15\"><span>\u4f01\u696d\u304c\u7a3c\u304e\u51fa\u3057\u305f\u5229\u76ca\u306f\u3001<\/span><span>\u672c\u6765\u682a\u4e3b\u306e\u3082\u306e\u3067\u3059\u3002<\/span><span>\u305d\u306e\u5229\u76ca\u3092\u682a\u4e3b\u306b\u9084\u5143\u3059\u308b\u624b\u6bb5\u306b\u306f\u5927\u304d\u304f\u5206\u3051\u30662\u3064\u3042\u308a\u307e\u3059\u3002<\/span><\/p>\n<ol start=\"1\" data-path-to-node=\"16\">\n<li>\n<p data-path-to-node=\"16,0,0\"><b data-path-to-node=\"16,0,0\" data-index-in-node=\"0\">\u914d\u5f53\u91d1\uff08\u30a4\u30f3\u30ab\u30e0\u30b2\u30a4\u30f3\uff09\uff1a<\/b><span> \u73fe\u91d1\u3092\u682a\u4e3b\u306e\u53e3\u5ea7\u3078\u76f4\u63a5\u632f\u308a\u8fbc\u3080\u3002<\/span><\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"16,1,0\"><b data-path-to-node=\"16,1,0\" data-index-in-node=\"0\">\u81ea\u793e\u682a\u8cb7\u3044\uff08\u30ad\u30e3\u30d4\u30bf\u30eb\u30b2\u30a4\u30f3\u4fc3\u9032\uff09\uff1a<\/b><span class=\"\"> \u5e02\u5834\u306e\u682a\u3092\u8cb7\u3044\u53d6\u3063\u3066\u682a\u5f0f\u6570\u3092\u6e1b\u3089\u3057\u3001<\/span><span class=\"\">1\u682a\u306e\u4fa1\u5024\u3092\u9ad8\u3081\u308b\u3002<\/span><\/p>\n<\/li>\n<\/ol>\n<h4 data-path-to-node=\"17\" class=\"\">\u306a\u305c1\u682a\u3042\u305f\u308a\u306e\u4fa1\u5024\u304c\u4e0a\u304c\u308b\u306e\u304b\uff1f\uff08EPS\u306e\u5411\u4e0a\uff09<\/h4>\n<p data-path-to-node=\"18\"><span>\u4f01\u696d\u306e\u7a3c\u3050\u529b\u3092\u793a\u3059\u6700\u91cd\u8981\u6307\u6a19\u306e1\u3064\u306bEPS\uff08Earnings Per Share\uff1a1\u682a\u5f53\u305f\u308a\u5f53\u671f\u7d14\u5229\u76ca\uff09\u304c\u3042\u308a\u307e\u3059\u3002<\/span><\/p>\n<div data-path-to-node=\"19\">\n<div class=\"math-block\" data-math=\"\\text{EPS} = \\frac{\\text{\u5f53\u671f\u7d14\u5229\u76ca}}{\\text{\u767a\u884c\u6e08\u682a\u5f0f\u6570\uff08\u81ea\u5df1\u682a\u5f0f\u3092\u9664\u304f\uff09}}\" style=\"text-align: center;\"><strong><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/11\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-11-05-11.41.40.png\" alt=\"\" width=\"461\" height=\"64\" class=\"aligncenter  wp-image-33801\" srcset=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/11\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-11-05-11.41.40.png 822w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/11\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-11-05-11.41.40-300x42.png 300w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/11\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-11-05-11.41.40-768x107.png 768w\" sizes=\"(max-width: 461px) 100vw, 461px\" \/><\/strong><\/div>\n<\/div>\n<p data-path-to-node=\"20\"><span>\u305f\u3068\u3048\u3070\u3001<\/span><span class=\"\">100\u4e07\u5186\u306e\u7d14\u5229\u76ca\u3092\u7a3c\u3050\u4f1a\u793e\u304c\u3042\u308a\u3001<\/span><span class=\"\">\u5e02\u5834\u306b100\u682a\u51fa\u56de\u3063\u3066\u3044\u305f\u3068\u3057\u307e\u3059\u3002<\/span><span class=\"\">\u3053\u306e\u3068\u304d\u3001<\/span><span class=\"\">1\u682a\u3042\u305f\u308a\u306e\u53d6\u308a\u5206\uff08EPS\uff09\u306f\u300c100\u4e07\u5186 \u00f7 100\u682a \uff1d 1\u4e07\u5186\u300d\u3067\u3059\u3002<\/span><span class=\"\"> \u3053\u3053\u3067\u3001<\/span><span class=\"\">\u4f1a\u793e\u304c\u81ea\u793e\u682a\u8cb7\u3044\u3092\u5b9f\u65bd\u3057\u306610\u682a\u3092\u5e02\u5834\u304b\u3089\u8cb7\u3044\u53d6\u3063\u305f\u3068\u3057\u307e\u3059\u3002<\/span><span>\u5e02\u5834\u306b\u6b8b\u308b\u682a\u5f0f\u306f90\u682a\u306b\u6e1b\u308a\u307e\u3059\u3002<\/span><span> <\/span><span>\u7fcc\u5e74\u3082\u4f1a\u793e\u304c\u540c\u3058100\u4e07\u5186\u306e\u5229\u76ca\u3092\u7a3c\u3044\u3060\u5834\u5408\u3001<\/span><span>1\u682a\u3042\u305f\u308a\u306e\u53d6\u308a\u5206\u306f\u300c100\u4e07\u5186 \u00f7 90\u682a \uff1d \u7d041\u4e071,<\/span><span>111\u5186\u300d\u3078\u3068<\/span><b data-path-to-node=\"20\" data-index-in-node=\"198\">\u81ea\u52d5\u7684\u306b\u7d0411\uff05\u5897\u52a0<\/b><span>\u3057\u307e\u3059\u3002<\/span><\/p>\n<p data-path-to-node=\"21\"><span>\u30db\u30fc\u30eb\u30b1\u30fc\u30ad\u5168\u4f53\u306e\u30b5\u30a4\u30ba\uff08\u4f1a\u793e\u306e\u7d14\u5229\u76ca\uff09\u304c\u5909\u308f\u3089\u306a\u304f\u3066\u3082\u3001<\/span><span>\u5207\u308a\u5206\u3051\u308b\u4eba\u6570\uff08\u682a\u5f0f\u6570\uff09\u304c\u6e1b\u308c\u3070\u3001<\/span><span>1\u4eba\u304c\u98df\u3079\u3089\u308c\u308b\u30d4\u30fc\u30b9\u306e\u5927\u304d\u3055\uff081\u682a\u5f53\u305f\u308a\u4fa1\u5024\uff09\u306f\u5927\u304d\u304f\u306a\u308a\u307e\u3059\u3002<\/span><span>\u3053\u308c\u304c\u81ea\u793e\u682a\u8cb7\u3044\u304c\u682a\u4e3b\u5229\u76ca\u306b\u76f4\u7d50\u3059\u308b\u6839\u672c\u7684\u306a\u6570\u5b66\u7684\u7406\u7531\u3067\u3059\u3002<\/span><\/p>\n<h3 data-path-to-node=\"23\">2. \u682a\u5f0f\u6d88\u5374\uff08Retirement of Shares\uff09\u3068\u306f\u4f55\u304b\uff1f<\/h3>\n<p data-path-to-node=\"24\"><span>\u81ea\u793e\u682a\u8cb7\u3044\u3092\u884c\u3063\u305f\u6bb5\u968e\u3067\u306f\u3001<\/span><span>\u8cb7\u3044\u623b\u3057\u305f\u682a\u306f\u4f1a\u793e\u306e\u300c\u91d1\u5eab\u300d\u306b\u4fdd\u7ba1\u3055\u308c\u3066\u3044\u308b\u72b6\u614b\uff08\u3053\u308c\u3092<\/span><b data-path-to-node=\"24\" data-index-in-node=\"42\">\u81ea\u5df1\u682a\u5f0f\u30fb\u91d1\u5eab\u682a<\/b><span>\u3068\u547c\u3073\u307e\u3059\uff09\u306b\u904e\u304e\u307e\u305b\u3093\u3002<\/span><span>\u6cd5\u5f8b\u4e0a\u3001<\/span><span>\u91d1\u5eab\u682a\u306e\u307e\u307e\u3067\u306f\u8b70\u6c7a\u6a29\u3084\u914d\u5f53\u8acb\u6c42\u6a29\u306f\u767a\u751f\u3057\u307e\u305b\u3093\u304c\u3001<\/span><span>\u3053\u308c\u3089\u306f\u4f1a\u793e\u306e\u5224\u65ad\u6b21\u7b2c\u3067\u4ee5\u4e0b\u306e\u3088\u3046\u306b\u4f7f\u308f\u308c\u308b\u4f59\u5730\u304c\u6b8b\u3063\u3066\u3044\u307e\u3059\u3002<\/span><\/p>\n<ul data-path-to-node=\"25\">\n<li>\n<p data-path-to-node=\"25,0,0\"><span>\u4ed6\u793e\u3092\u8cb7\u53ce\u3059\u308b\u969b\u306e\u5bfe\u4fa1\u3068\u3057\u3066\u6e21\u3059<\/span><\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"25,1,0\"><span>\u8cc7\u91d1\u8abf\u9054\u306e\u305f\u3081\u306b\u518d\u3073\u5e02\u5834\u3078\u58f2\u308a\u6255\u3046\uff08\u58f2\u51fa\uff09<\/span><\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"25,2,0\"><span>\u5f79\u54e1\u3084\u5f93\u696d\u54e1\u3078\u306e\u30b9\u30c8\u30c3\u30af\u30aa\u30d7\u30b7\u30e7\u30f3\uff08\u682a\u5f0f\u5831\u916c\uff09\u3068\u3057\u3066\u914d\u308b<\/span><\/p>\n<\/li>\n<\/ul>\n<p data-path-to-node=\"26\"><span class=\"\">\u5e02\u5834\u306e\u6295\u8cc7\u5bb6\u306f\u3001<\/span><span>\u300c\u4f1a\u793e\u304c\u5c06\u6765\u3001<\/span><span>\u304a\u91d1\u306b\u56f0\u3063\u305f\u308a\u682a\u4fa1\u304c\u9ad8\u304f\u306a\u3063\u305f\u308a\u3057\u305f\u3068\u304d\u306b\u3001<\/span><span class=\"\">\u4fdd\u7ba1\u3057\u3066\u3044\u308b\u81ea\u793e\u682a\u3092\u5e02\u5834\u306b\u518d\u653e\u51fa\u3057\u3066\u682a\u4fa1\u304c\u4e0b\u843d\u3059\u308b\u306e\u3067\u306f\u306a\u3044\u304b\uff08<\/span><b data-path-to-node=\"26\" data-index-in-node=\"69\">\u6f5c\u5728\u7684\u306a\u5e0c\u8584\u5316\u30ea\u30b9\u30af<\/b><span>\uff09\u300d\u3068\u7591\u5fc3\u6697\u9b3c\u306b\u306a\u308a\u307e\u3059\u3002<\/span><\/p>\n<p data-path-to-node=\"27\"><span>\u305d\u3053\u3067\u767b\u5834\u3059\u308b\u306e\u304c\u300c\u682a\u5f0f\u6d88\u5374\u300d\u3067\u3059\u3002<\/span><span> \u682a\u5f0f\u6d88\u5374\u3068\u306f\u3001<\/span><b data-path-to-node=\"27\" data-index-in-node=\"26\">\u91d1\u5eab\u682a\u3092\u6cd5\u7684\u306b\u6d88\u6ec5\u3055\u305b\u3001\u767a\u884c\u53ef\u80fd\u30fb\u767a\u884c\u6e08\u307f\u306e\u5e33\u7c3f\u304b\u3089\u6052\u4e45\u7684\u306b\u62b9\u6d88\u3059\u308b\u3053\u3068<\/b><span>\u3067\u3059\u3002<\/span><\/p>\n<ul data-path-to-node=\"28\">\n<li>\n<p data-path-to-node=\"28,0,0\"><b data-path-to-node=\"28,0,0\" data-index-in-node=\"0\">\u6d88\u5374\u306b\u3088\u3063\u3066\u8d77\u304d\u308b\u3053\u3068\uff1a<\/b><span> \u4f1a\u793e\u306e\u624b\u7d9a\u304d\u306b\u3088\u3063\u3066\u6cd5\u7684\u306b\u682a\u5f0f\u304c\u6d88\u6ec5\u3059\u308b\u305f\u3081\u3001<\/span><span>\u767a\u884c\u6e08\u682a\u5f0f\u7dcf\u6570\u304c\u6b63\u5f0f\u306b\u6e1b\u5c11\u3057\u307e\u3059\u3002<\/span><span>\u3053\u308c\u306b\u3088\u308a\u300c\u5c06\u6765\u5e02\u5834\u3078\u58f2\u308a\u623b\u3055\u308c\u308b\u30ea\u30b9\u30af\u300d\u304c\u7269\u7406\u7684\u306b\u30bc\u30ed\u306b\u306a\u308a\u307e\u3059\u3002<\/span><\/p>\n<\/li>\n<\/ul>\n<p data-path-to-node=\"29\"><span>\u30b7\u30b9\u30c6\u30ca\u306f\u4eca\u56de\u3001<\/span><span>\u904e\u53bb\u306b\u8cb7\u3044\u6e9c\u3081\u3066\u3044\u305f\u91d1\u5eab\u682a\u306e\u4e2d\u304b\u3089<\/span><b class=\"\" data-path-to-node=\"29\" data-index-in-node=\"25\">\u767a\u884c\u6e08\u682a\u5f0f\u306e10.00\uff05\u306b\u3042\u305f\u308b4,260\u4e07\u682a\u3092\u4e00\u6483\u3067\u6d88\u5374<\/b><span>\u3059\u308b\u3053\u3068\u3092\u6c7a\u3081\u307e\u3057\u305f\u3002<\/span><span class=\"\">\u3053\u308c\u306f\u300c\u8cb7\u3044\u53d6\u3063\u305f\u682a\u3092\u5e02\u5834\u306b\u518d\u653e\u51fa\u3059\u308b\u3053\u3068\u306f\u7d76\u5bfe\u306b\u306a\u3044\u300d\u3068\u3044\u3046\u4e0d\u53ef\u9006\u306e\u5ba3\u8a00\u3067\u3042\u308a\u3001<\/span><span class=\"\">\u8cc7\u672c\u5e02\u5834\u306b\u5bfe\u3059\u308b\u6975\u3081\u3066\u5f37\u3044\u30b3\u30df\u30c3\u30c8\u30e1\u30f3\u30c8\uff08\u8aa0\u610f\uff09\u3068\u306a\u308a\u307e\u3059\u3002<\/span><\/p>\n<h2 data-path-to-node=\"31\" class=\"\">\u7b2c2\u7ae0\uff1a\u30b7\u30b9\u30c6\u30ca\u306e\u4e8b\u696d\u751f\u614b\u7cfb\u3068\u9ad8\u53ce\u76ca\u306e\u30d3\u30b8\u30cd\u30b9\u30e2\u30c7\u30eb<\/h2>\n<p data-path-to-node=\"32\"><span class=\"\">\u300c100\u5104\u5186\u306e\u81ea\u793e\u682a\u8cb7\u3044\u300d\u3068\u3044\u3046\u5927\u80c6\u306a\u610f\u601d\u6c7a\u5b9a\u306e\u88cf\u306b\u306f\u3001<\/span><span>\u305d\u308c\u3092\u5e73\u7136\u3068\u652f\u3048\u3089\u308c\u308b\u3060\u3051\u306e\u300c\u73fe\u91d1\u3092\u7a3c\u304e\u7d9a\u3051\u308b\u4e8b\u696d\u69cb\u9020\u300d\u304c\u5b58\u5728\u3057\u307e\u3059\u3002<\/span><span class=\"\">\u30b7\u30b9\u30c6\u30ca\u3068\u306f\u4e00\u4f53\u3069\u306e\u3088\u3046\u306a\u4f1a\u793e\u306a\u306e\u3067\u3057\u3087\u3046\u304b\u3002<\/span><\/p>\n<h3 data-path-to-node=\"33\">1. \u4f1a\u793e\u306e\u751f\u3044\u7acb\u3061\u3068\u4e8b\u696d\u30c9\u30e1\u30a4\u30f3<\/h3>\n<p data-path-to-node=\"34\"><span class=\"\">\u30b7\u30b9\u30c6\u30ca\u306f\u3001<\/span><span class=\"\">\u65e5\u672c\u306eIT\u7523\u696d\u9ece\u660e\u671f\u304b\u3089\u30b7\u30b9\u30c6\u30e0\u30a4\u30f3\u30c6\u30b0\u30ec\u30fc\u30b7\u30e7\u30f3\uff08SI\uff09\u3092\u624b\u639b\u3051\u3066\u304d\u305f\u72ec\u7acb\u7cfbIT\u30b5\u30fc\u30d3\u30b9\u4f01\u696d\u3067\u3059\u3002<\/span><span>\u643a\u5e2f\u96fb\u8a71\u306e\u7d44\u307f\u8fbc\u307f\u30bd\u30d5\u30c8\u958b\u767a\u304b\u3089\u59cb\u307e\u308a\u3001<\/span><span>Web\u7cfb\u30aa\u30fc\u30d7\u30f3\u30b7\u30b9\u30c6\u30e0\u3001<\/span><span>\u91d1\u878d\u6a5f\u95a2\u5411\u3051\u57fa\u5e79\u30b7\u30b9\u30c6\u30e0\u3001<\/span><span>\u305d\u3057\u3066\u73fe\u4ee3\u306e\u30af\u30e9\u30a6\u30c9\u30fb\u751f\u6210AI\u30fb\u8eca\u8f09\u30e2\u30d3\u30ea\u30c6\u30a3\u306b\u81f3\u308b\u307e\u3067\u3001<\/span><span>\u6642\u4ee3\u3054\u3068\u306e\u6700\u5148\u7aef\u30c6\u30af\u30ce\u30ed\u30b8\u30fc\u306b\u30a8\u30f3\u30b8\u30cb\u30a2\u30ea\u30bd\u30fc\u30b9\u3092\u8fc5\u901f\u306b\u30b7\u30d5\u30c8\u3055\u305b\u3066\u6210\u9577\u3057\u3066\u304d\u307e\u3057\u305f\u3002<\/span><\/p>\n<p data-path-to-node=\"35\"><span>\u58f2\u4e0a\u9ad8\u306f\u7d04980\u5104\u5186\uff082027\u5e743\u6708\u671f\u901a\u671f\u4e88\u60f3\uff09\u3001<\/span><span>\u5f93\u696d\u54e1\u6570\u306f\u9023\u7d50\u30675,<\/span><span>000\u540d\u3092\u8d85\u3048\u308b\u898f\u6a21\u3092\u8a87\u308a\u307e\u3059\u3002<\/span><\/p>\n<h3 data-path-to-node=\"36\" class=\"\">2. 6\u3064\u306e\u4e8b\u696d\u30bb\u30b0\u30e1\u30f3\u30c8\u3068\u53ce\u76ca\u69cb\u9020<\/h3>\n<p data-path-to-node=\"37\"><span class=\"\">\u30b7\u30b9\u30c6\u30ca\u306e\u4e8b\u696d\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306f\u3001<\/span><span class=\"\">\u5805\u7262\u306a\u300c\u30c7\u30a3\u30d5\u30a7\u30f3\u30b9\uff08\u5b89\u5b9a\u53ce\u76ca\u57fa\u76e4\uff09\u300d\u3068\u30a2\u30b0\u30ec\u30c3\u30b7\u30d6\u306a\u300c\u30aa\u30d5\u30a7\u30f3\u30b9\uff08\u9ad8\u6210\u9577\u30fb\u9ad8\u4ed8\u52a0\u4fa1\u5024\u9818\u57df\uff09\u300d\u304c\u7f8e\u3057\u304f\u5171\u5b58\u3057\u3066\u3044\u307e\u3059\u3002<\/span><\/p>\n<p><response-element class=\"no-md md-has-block-component\" ng-version=\"0.0.0-PLACEHOLDER\"><code-block _nghost-ng-c1952861238=\"\" class=\"ng-tns-c1952861238-175 enable-luminous-code-block ng-star-inserted\"><\/code-block><\/response-element><\/p>\n<div _ngcontent-ng-c1952861238=\"\" class=\"code-block ng-tns-c1952861238-175 ng-animate-disabled ng-trigger ng-trigger-codeBlockRevealAnimation\" jslog=\"223238;track:impression,attention;BardVeMetadataKey:W1sicl9mZTM1YmFhMWY5M2FiMmU3IiwiY181OTkwYmYxMTBhNDAyMTBiIixudWxsLCJyY19kZWFjNzY1ZjllNDFjMjQzIixudWxsLG51bGwsImphIixudWxsLDEsbnVsbCxudWxsLDAsMF1d\">\n<div _ngcontent-ng-c1952861238=\"\" class=\"formatted-code-block-internal-container ng-tns-c1952861238-175\">\n<div _ngcontent-ng-c1952861238=\"\" class=\"animated-opacity ng-tns-c1952861238-175\">\n<pre _ngcontent-ng-c1952861238=\"\" class=\"ng-tns-c1952861238-175\"><code _ngcontent-ng-c1952861238=\"\" role=\"text\" data-test-id=\"code-content\" class=\"code-container formatted ng-tns-c1952861238-175 no-decoration-radius\">\u3010\u30b7\u30b9\u30c6\u30ca\u306e\u4e8b\u696d\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u69cb\u9020\u3011\r\n\r\n[\u57fa\u76e4\u30fb\u30b9\u30c8\u30c3\u30af\u53ce\u76ca\uff08\u30c7\u30a3\u30d5\u30a7\u30f3\u30b9\uff1a\u58f2\u4e0a\u306e\u7d046\u5272\uff09]\r\n\u251c\u2500\u2500 \u30d3\u30b8\u30cd\u30b9\u30bd\u30ea\u30e5\u30fc\u30b7\u30e7\u30f3\u4e8b\u696d\uff08\u69cb\u6210\u6bd4\uff1a\u7d0438%\uff09\u2026 \u91d1\u878d\u30fb\u88fd\u9020\u306e\u57fa\u5e79\u30b7\u30b9\u30c6\u30e0\r\n\u2514\u2500\u2500 IT\uff06DX\u30b5\u30fc\u30d3\u30b9\u4e8b\u696d\uff08\u69cb\u6210\u6bd4\uff1a\u7d0423%\uff09\u2026\u2026\u2026\u2026\u2026 \u30af\u30e9\u30a6\u30c9\u904b\u7528\u4fdd\u5b88\u30fb\u30d8\u30eb\u30d7\u30c7\u30b9\u30af\r\n\r\n[\u9ad8\u4ed8\u52a0\u4fa1\u5024\u30fb\u6210\u9577\u9818\u57df\uff08\u30aa\u30d5\u30a7\u30f3\u30b9\uff1a\u58f2\u4e0a\u306e\u7d044\u5272\uff09]\r\n\u251c\u2500\u2500 \u30d7\u30ed\u30b8\u30a7\u30af\u30c8\u30de\u30cd\u30b8\u30e1\u30f3\u30c8\u30c7\u30b6\u30a4\u30f3\uff08\u7d0416%\uff09\u2026\u2026 PMO\u30fb\u7b2c\u4e09\u8005\u54c1\u8cea\u691c\u8a3c\r\n\u251c\u2500\u2500 \u30c7\u30b8\u30bf\u30eb\u30a4\u30f3\u30c6\u30b0\u30ec\u30fc\u30b7\u30e7\u30f3\u4e8b\u696d\uff08\u7d0411%\uff09\u2026\u2026\u2026 AI\u30fb\u30de\u30eb\u30c1\u30af\u30e9\u30a6\u30c9\uff08\u6025\u6210\u9577\u4e2d\uff09\r\n\u251c\u2500\u2500 \u6b21\u4e16\u4ee3\u30e2\u30d3\u30ea\u30c6\u30a3\u4e8b\u696d\uff08\u7d048%\uff09\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026 \u8eca\u8f09\u30bd\u30d5\u30c8\u30a6\u30a7\u30a2\u30fb\u81ea\u52d5\u904b\u8ee2\r\n\u2514\u2500\u2500 DX\uff06\u30b9\u30c8\u30c3\u30af\u578b\u30d3\u30b8\u30cd\u30b9\u7b49\uff08\u7d044%\uff09\u2026\u2026\u2026\u2026\u2026\u2026 \u81ea\u793eSaaS\u30fb\u30b5\u30d6\u30b9\u30af\u30ea\u30d7\u30b7\u30e7\u30f3\r\n<\/code><\/pre>\n<\/div>\n<\/div>\n<\/div>\n<p>&nbsp;<\/p>\n<p data-path-to-node=\"39\"><span class=\"\">\u5404\u4e8b\u696d\u306e\u5f79\u5272\u3068\u6210\u9577\u6027\u306e\u8a73\u7d30\u306f\u4ee5\u4e0b\u306e\u901a\u308a\u3067\u3059\u3002<\/span><\/p>\n<h4 data-path-to-node=\"40\">\u2460 \u30d3\u30b8\u30cd\u30b9\u30bd\u30ea\u30e5\u30fc\u30b7\u30e7\u30f3\u4e8b\u696d\uff08\u58f2\u4e0a\u69cb\u6210\u6bd4\uff1a\u7d0438\uff05\uff09<\/h4>\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\">\u4e8b\u696d\u5185\u5bb9\uff1a<\/b><span class=\"\"> \u9280\u884c\u3001<\/span><span class=\"\">\u751f\u640d\u4fdd\u3001<\/span><span class=\"\">\u8a3c\u5238\u3068\u3044\u3063\u305f\u91d1\u878d\u696d\u754c\u3084\u3001<\/span><span>\u5927\u624b\u901a\u4fe1\u30ad\u30e3\u30ea\u30a2\u3001<\/span><span class=\"\">\u88fd\u9020\u696d\u5411\u3051\u306e\u57fa\u5e79\u696d\u52d9\u30b7\u30b9\u30c6\u30e0\u3092\u958b\u767a\u30fb\u6539\u4fee\u3059\u308b\u4e8b\u696d\u3067\u3059\u3002<\/span><\/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\">\u7279\u5fb4\u30fb\u53ce\u76ca\u6027\uff1a<\/b><span class=\"\"> \u30b7\u30b9\u30c6\u30e0\u306e\u4e0d\u5177\u5408\u304c\u793e\u4f1a\u7684\u306a\u6df7\u4e71\u3092\u62db\u304f\u91d1\u878d\u6a5f\u95a2\u3067\u306f\u3001<\/span><span class=\"\">\u4fe1\u983c\u3068\u5b9f\u7e3e\u306e\u3042\u308bSIer\u3078\u306e\u767a\u6ce8\u304c\u56fa\u5b9a\u5316\u3057\u3084\u3059\u3044\u7279\u5fb4\u304c\u3042\u308a\u307e\u3059\u3002<\/span><span>\u666f\u6c17\u5f8c\u9000\u671f\u3067\u3082\u30b7\u30b9\u30c6\u30e0\u306e\u4fdd\u5b88\u30fb\u66f4\u65b0\u4e88\u7b97\u306f\u524a\u6e1b\u3055\u308c\u306b\u304f\u3044\u305f\u3081\u3001<\/span><span>\u540c\u793e\u306b\u304a\u3051\u308b\u6700\u5927\u306e\u30ad\u30e3\u30c3\u30b7\u30e5\u30ab\u30a6\uff08\u8cc7\u91d1\u4f9b\u7d66\u6e90\uff09\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002<\/span><\/p>\n<\/li>\n<\/ul>\n<h4 data-path-to-node=\"42\">\u2461 IT\uff06DX\u30b5\u30fc\u30d3\u30b9\u4e8b\u696d\uff08\u58f2\u4e0a\u69cb\u6210\u6bd4\uff1a\u7d0423\uff05\uff09<\/h4>\n<ul data-path-to-node=\"43\">\n<li>\n<p data-path-to-node=\"43,0,0\"><b data-path-to-node=\"43,0,0\" data-index-in-node=\"0\">\u4e8b\u696d\u5185\u5bb9\uff1a<\/b><span> \u4f01\u696d\u306eIT\u30a4\u30f3\u30d5\u30e9\uff08\u30b5\u30fc\u30d0\u30fc\u3001<\/span><span>\u30cd\u30c3\u30c8\u30ef\u30fc\u30af\u3001<\/span><span>\u30af\u30e9\u30a6\u30c9\u74b0\u5883\uff09\u306e\u8a2d\u8a08\u30fb\u69cb\u7bc9\u304b\u3089\u3001<\/span><span>\u5c0e\u5165\u5f8c\u306e\u65e5\u5e38\u7684\u306a\u904b\u7528\u76e3\u8996\u3001<\/span><span>\u793e\u5185\u30d8\u30eb\u30d7\u30c7\u30b9\u30af\u4ee3\u884c\u307e\u3067\u3092\u8acb\u3051\u8ca0\u3044\u307e\u3059\u3002<\/span><\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"43,1,0\"><b data-path-to-node=\"43,1,0\" data-index-in-node=\"0\">\u7279\u5fb4\u30fb\u53ce\u76ca\u6027\uff1a<\/b><span> \u6708\u984d\u8ab2\u91d1\u7684\u306a\u30b9\u30c8\u30c3\u30af\u53ce\u76ca\u306e\u5272\u5408\u304c\u9ad8\u304f\u3001<\/span><span>\u4e00\u5ea6\u5951\u7d04\u3092\u7d50\u3076\u3068\u89e3\u7d04\u7387\u304c\u6975\u3081\u3066\u4f4e\u3044\u6027\u8cea\u3092\u6301\u3061\u307e\u3059\u3002<\/span><span>\u5b89\u5b9a\u3057\u305f\u30d9\u30fc\u30b9\u53ce\u76ca\u3092\u652f\u3048\u3066\u3044\u307e\u3059\u3002<\/span><\/p>\n<\/li>\n<\/ul>\n<h4 data-path-to-node=\"44\">\u2462 \u30d7\u30ed\u30b8\u30a7\u30af\u30c8\u30de\u30cd\u30b8\u30e1\u30f3\u30c8\u30c7\u30b6\u30a4\u30f3\u4e8b\u696d\uff08\u58f2\u4e0a\u69cb\u6210\u6bd4\uff1a\u7d0416\uff05\uff09<\/h4>\n<ul data-path-to-node=\"45\">\n<li>\n<p data-path-to-node=\"45,0,0\"><b data-path-to-node=\"45,0,0\" data-index-in-node=\"0\">\u4e8b\u696d\u5185\u5bb9\uff1a<\/b><span class=\"\"> \u5927\u898f\u6a21\u30b7\u30b9\u30c6\u30e0\u958b\u767a\u306b\u304a\u3051\u308b\u300cPMO\uff08\u30d7\u30ed\u30b8\u30a7\u30af\u30c8\u30fb\u30de\u30cd\u30b8\u30e1\u30f3\u30c8\u30fb\u30aa\u30d5\u30a3\u30b9\uff09\u300d\u306e\u652f\u63f4\u3084\u3001<\/span><span>\u30ea\u30ea\u30fc\u30b9\u524d\u306e\u7b2c\u4e09\u8005\u54c1\u8cea\u691c\u8a3c\u3092\u884c\u3044\u307e\u3059\u3002<\/span><\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"45,1,0\"><b data-path-to-node=\"45,1,0\" data-index-in-node=\"0\">\u7279\u5fb4\u30fb\u53ce\u76ca\u6027\uff1a<\/b><span class=\"\"> \u8fd1\u5e74\u3001<\/span><span class=\"\">\u591a\u304f\u306e\u4f01\u696d\u304cIT\u5185\u88fd\u5316\u3092\u9032\u3081\u3066\u3044\u307e\u3059\u304c\u3001<\/span><span class=\"\">\u512a\u79c0\u306aIT\u30d7\u30ed\u30b8\u30a7\u30af\u30c8\u30de\u30cd\u30fc\u30b8\u30e3\u30fc\u306f\u56fd\u5185\u3067\u6c7a\u5b9a\u7684\u306b\u4e0d\u8db3\u3057\u3066\u3044\u307e\u3059\u3002<\/span><span>\u30b7\u30b9\u30c6\u30ca\u306e\u719f\u7df4\u30a8\u30f3\u30b8\u30cb\u30a2\u304c\u7d71\u62ec\u652f\u63f4\u306b\u5165\u308b\u3053\u3068\u3067\u3001<\/span><span>\u9ad8\u3044\u6642\u9593\u5358\u4fa1\uff08\u9ad8\u30de\u30fc\u30b8\u30f3\uff09\u3092\u7372\u5f97\u3057\u3066\u3044\u307e\u3059\u3002<\/span><\/p>\n<\/li>\n<\/ul>\n<h4 data-path-to-node=\"46\">\u2463 \u30c7\u30b8\u30bf\u30eb\u30a4\u30f3\u30c6\u30b0\u30ec\u30fc\u30b7\u30e7\u30f3\u4e8b\u696d\uff08\u58f2\u4e0a\u69cb\u6210\u6bd4\uff1a\u7d0411\uff05 \/ \u6700\u6ce8\u76ee\u306e\u6210\u9577\u682a\uff09<\/h4>\n<ul data-path-to-node=\"47\">\n<li>\n<p data-path-to-node=\"47,0,0\"><b data-path-to-node=\"47,0,0\" data-index-in-node=\"0\">\u4e8b\u696d\u5185\u5bb9\uff1a<\/b><span> \u751f\u6210AI\u306e\u30a8\u30f3\u30bf\u30fc\u30d7\u30e9\u30a4\u30ba\u5b9f\u88c5\u3001<\/span><span>\u30de\u30eb\u30c1\u30af\u30e9\u30a6\u30c9\u74b0\u5883\u306e\u6700\u9069\u5316\u3001<\/span><span>\u30d3\u30c3\u30b0\u30c7\u30fc\u30bf\u89e3\u6790\u306a\u3069\u3001<\/span><span>\u4f01\u696d\u306e\u7af6\u4e89\u529b\u3092\u5de6\u53f3\u3059\u308b\u5148\u7aefDX\u9818\u57df\u3067\u3059\u3002<\/span><\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"47,1,0\"><b data-path-to-node=\"47,1,0\" data-index-in-node=\"0\">\u6210\u9577\u6027\uff1a<\/b><span> \u76f4\u8fd1\u306e\u4e2d\u9593\u6c7a\u7b97\u306b\u304a\u3044\u3066\u3082\u3001<\/span><span>\u30bb\u30b0\u30e1\u30f3\u30c8\u58f2\u4e0a\u9ad8\u304c\u524d\u5e74\u540c\u671f\u6bd4+23.<\/span><span>4%\u3001<\/span><span>\u55b6\u696d\u5229\u76ca\u304c+31.<\/span><span>9%\u3068\u3044\u3046\u9a5a\u7570\u7684\u306a\u4f38\u3073\u3092\u8a18\u9332\u3057\u307e\u3057\u305f\u3002<\/span><span>\u5168\u4f53\u306e\u58f2\u4e0a\u69cb\u6210\u6bd4\u306f1\u5272\u5f37\u3067\u3059\u304c\u3001<\/span><span>\u5168\u793e\u306e\u5229\u76ca\u6210\u9577\u3092\u727d\u5f15\u3059\u308b\u30c8\u30c3\u30d7\u30e9\u30f3\u30ca\u30fc\u3067\u3059\u3002<\/span><\/p>\n<\/li>\n<\/ul>\n<h4 data-path-to-node=\"48\">\u2464 \u6b21\u4e16\u4ee3\u30e2\u30d3\u30ea\u30c6\u30a3\u4e8b\u696d\uff08\u58f2\u4e0a\u69cb\u6210\u6bd4\uff1a\u7d048\uff05\uff09<\/h4>\n<ul data-path-to-node=\"49\">\n<li>\n<p data-path-to-node=\"49,0,0\"><b data-path-to-node=\"49,0,0\" data-index-in-node=\"0\">\u4e8b\u696d\u5185\u5bb9\uff1a<\/b><span> \u81ea\u52d5\u8eca\u306eEV\u5316\u3084\u81ea\u52d5\u904b\u8ee2\u6280\u8853\u306b\u4f34\u3046\u300cSDV\uff08Software Defined Vehicle\uff1a\u30bd\u30d5\u30c8\u30a6\u30a7\u30a2\u3067\u6a5f\u80fd\u304c\u9032\u5316\u3059\u308b\u30af\u30eb\u30de\uff09\u300d\u5411\u3051\u306e\u8eca\u8f09\u30bd\u30d5\u30c8\u7d44\u307f\u8fbc\u307f\u958b\u767a\u3067\u3059\u3002<\/span><\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"49,1,0\"><b data-path-to-node=\"49,1,0\" data-index-in-node=\"0\">\u7279\u5fb4\uff1a<\/b><span> \u81ea\u52d5\u8eca\u696d\u754c\u306e\u958b\u767a\u6295\u8cc7\u30b5\u30a4\u30af\u30eb\u306b\u696d\u7e3e\u304c\u5de6\u53f3\u3055\u308c\u308b\u5074\u9762\u306f\u3042\u308b\u3082\u306e\u306e\u3001<\/span><span>\u9ad8\u3044\u6280\u8853\u7684\u53c2\u5165\u969c\u58c1\u3092\u7bc9\u3044\u3066\u3044\u307e\u3059\u3002<\/span><\/p>\n<\/li>\n<\/ul>\n<h3 data-path-to-node=\"50\">3. \u306a\u305c\u55b6\u696d\u5229\u76ca\u738716%\u3068\u3044\u3046\u9a5a\u7570\u7684\u306a\u6570\u5024\u3092\u53e9\u304d\u51fa\u305b\u308b\u306e\u304b\uff1f<\/h3>\n<p data-path-to-node=\"51\"><span>\u65e5\u672c\u306e\u4e00\u822c\u7684\u306a\u53d7\u8a17\u578bSIer\u3084IT\u4e0b\u8acb\u3051\u4f01\u696d\u306e\u55b6\u696d\u5229\u76ca\u7387\u306f\u3001<\/span><span>\u696d\u754c\u5e73\u5747\u3067\u6982\u306d<\/span><b data-path-to-node=\"51\" data-index-in-node=\"37\">7\u301c9%\u524d\u5f8c<\/b><span>\u3068\u8a00\u308f\u308c\u3066\u3044\u307e\u3059\u3002<\/span><span>\u591a\u91cd\u4e0b\u8acb\u3051\u69cb\u9020\uff08\u4e2d\u629c\u304d\uff09\u3084\u3001<\/span><span>\u30d7\u30ed\u30b8\u30a7\u30af\u30c8\u306e\u708e\u4e0a\uff08\u8d64\u5b57\u6848\u4ef6\uff09\u304c\u767a\u751f\u3057\u3084\u3059\u3044\u305f\u3081\u3067\u3059\u3002<\/span><\/p>\n<p data-path-to-node=\"52\"><span>\u3057\u304b\u3057\u3001<\/span><strong><span class=\"f-marker-p\">\u30b7\u30b9\u30c6\u30ca\u306e\u58f2\u4e0a\u9ad8\u55b6\u696d\u5229\u76ca\u7387\u306f\u7d0416.0%\u306b\u9054\u3057\u307e\u3059\u3002<\/span><\/strong><span>\u3053\u306e\u5727\u5012\u7684\u306a\u9ad8\u53ce\u76ca\u3092\u652f\u3048\u3066\u3044\u308b\u306e\u306f\u3001<\/span><span>\u4ee5\u4e0b\u306e3\u3064\u306e\u8981\u7d20\u3067\u3059\u3002<\/span><\/p>\n<ol start=\"1\" data-path-to-node=\"53\">\n<li>\n<p data-path-to-node=\"53,0,0\"><b data-path-to-node=\"53,0,0\" data-index-in-node=\"0\">\u30d7\u30e9\u30a4\u30e0\uff08\u4e00\u6b21\u8acb\u3051\uff09\u30fb\u76f4\u63a5\u53d6\u5f15\u6bd4\u7387\u306e\u9ad8\u3055\uff1a<\/b><span> \u4e0b\u8acb\u3051\u69cb\u9020\u304b\u3089\u8131\u5374\u3057\u3001<\/span><span>\u9867\u5ba2\u4f01\u696d\u3068\u76f4\u63a5\u5951\u7d04\u3092\u7d50\u3076\u3053\u3068\u3067\u9ad8\u3044\u5358\u4fa1\u3092\u78ba\u4fdd\u3002<\/span><\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"53,1,0\"><b class=\"\" data-path-to-node=\"53,1,0\" data-index-in-node=\"0\">\u5fb9\u5e95\u3057\u305f\u7a3c\u50cd\u7387\u7ba1\u7406\u3068\u30d7\u30ed\u30b8\u30a7\u30af\u30c8\u708e\u4e0a\u9632\u6b62\uff1a<\/b><span> \u81ea\u793e\u306b\u84c4\u7a4d\u3055\u308c\u305f\u30d7\u30ed\u30b8\u30a7\u30af\u30c8\u7ba1\u7406\u30ce\u30a6\u30cf\u30a6\u306b\u3088\u308a\u3001<\/span><span>\u4e0d\u63a1\u7b97\u6848\u4ef6\uff08\u8d64\u5b57\u306e\u5782\u308c\u6d41\u3057\uff09\u3092\u6975\u5c0f\u5316\u3002<\/span><\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"53,2,0\"><b data-path-to-node=\"53,2,0\" data-index-in-node=\"0\">\u9ad8\u4ed8\u52a0\u4fa1\u5024\u9818\u57df\u3078\u306e\u4eba\u54e1\u30b7\u30d5\u30c8\uff1a<\/b><span class=\"\"> \u5358\u7d14\u306a\u30d7\u30ed\u30b0\u30e9\u30df\u30f3\u30b0\u304b\u3089\u3001<\/span><span>\u4e0a\u6d41\u306e\u30b3\u30f3\u30b5\u30eb\u30c6\u30a3\u30f3\u30b0\u30fbPMO\u30fbAI\u5b9f\u88c5\u3078\u3068\u30a8\u30f3\u30b8\u30cb\u30a2\u306e\u5358\u4fa1\u3092\u5f15\u304d\u4e0a\u3052\u7d9a\u3051\u3066\u3044\u308b\u3053\u3068\u3002<\/span><\/p>\n<\/li>\n<\/ol>\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?utm_source=article&amp;utm_medium=cta&amp;utm_content=ueoka\"><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=\"55\">\u7b2c3\u7ae0\uff1a\u6700\u65b0\u306e\u6c7a\u7b97\u3068\u8ca1\u52d9\u8af8\u8868\u5206\u6790\u2014\u2014100\u5104\u5186\u3092\u6255\u3048\u308b\u30ad\u30e3\u30c3\u30b7\u30e5\u306e\u6b63\u4f53<\/h2>\n<p data-path-to-node=\"56\"><span class=\"\">\u300c100\u5104\u5186\u306e\u81ea\u793e\u682a\u8cb7\u3044\u300d\u3068\u8033\u306b\u3059\u308b\u3068\u3001<\/span><span class=\"\">\u4e00\u822c\u306e\u4eba\u306f\u300c\u305d\u3093\u306a\u5927\u91d1\u3092\u4f7f\u3063\u3066\u4f1a\u793e\u306e\u8cc7\u91d1\u7e70\u308a\u306f\u5927\u4e08\u592b\u306a\u306e\u304b\uff1f\u300d\u3068\u4e0d\u5b89\u3092\u62b1\u304f\u304b\u3082\u3057\u308c\u307e\u305b\u3093\u3002<\/span><span class=\"\">\u3057\u304b\u3057\u3001<\/span><span>\u30b7\u30b9\u30c6\u30ca\u306e\u8cb8\u501f\u5bfe\u7167\u8868\uff08\u30d0\u30e9\u30f3\u30b9\u30b7\u30fc\u30c8\uff09\u3068\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u8a08\u7b97\u66f8\u3092\u7d10\u89e3\u304f\u3068\u3001<\/span><b data-path-to-node=\"56\" data-index-in-node=\"106\">\u3080\u3057\u308d100\u5104\u5186\u3092\u4f7f\u3063\u3066\u306a\u304a\u4f59\u308a\u3042\u308b\u8d85\u5065\u5168\u306a\u8ca1\u52d9\u57fa\u76e4<\/b><span>\u304c\u6d6e\u304d\u5f6b\u308a\u306b\u306a\u308a\u307e\u3059\u3002<\/span><\/p>\n<h3 data-path-to-node=\"57\">1. \u76f4\u8fd1\u306e\u640d\u76ca\u72b6\u6cc1\uff08P\/L\uff09<\/h3>\n<p data-path-to-node=\"58\"><span class=\"\">2027\u5e743\u6708\u671f\u306e\u4e2d\u9593\u671f\u5b9f\u7e3e\u304a\u3088\u3073\u901a\u671f\u4e88\u60f3\u306e\u6570\u5024\u306f\u4ee5\u4e0b\u306e\u901a\u308a\u3067\u3059\u3002<\/span><\/p>\n<table data-path-to-node=\"59\">\n<thead>\n<tr>\n<td><strong>\u6307\u6a19<\/strong><\/td>\n<td><strong>2027\u5e743\u6708\u671f \u4e2d\u9593\u671f\u5b9f\u7e3e\uff082026\u5e744\u301c9\u6708\uff09<\/strong><\/td>\n<td><strong>2027\u5e743\u6708\u671f \u901a\u671f\u4e88\u60f3<\/strong><\/td>\n<td><strong>\u901a\u671f\u524d\u671f\u6bd4<\/strong><\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><span data-path-to-node=\"59,1,0,0\"><b data-path-to-node=\"59,1,0,0\" data-index-in-node=\"0\">\u58f2\u4e0a\u9ad8<\/b><\/span><\/td>\n<td><span data-path-to-node=\"59,1,1,0\">489\u51041,300\u4e07\u5186<\/span><\/td>\n<td><span data-path-to-node=\"59,1,2,0\">980\u5104\u5186<\/span><\/td>\n<td><span data-path-to-node=\"59,1,3,0\">+3.8%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span data-path-to-node=\"59,2,0,0\"><b data-path-to-node=\"59,2,0,0\" data-index-in-node=\"0\">\u55b6\u696d\u5229\u76ca<\/b><\/span><\/td>\n<td><span data-path-to-node=\"59,2,1,0\">75\u51045,800\u4e07\u5186<\/span><\/td>\n<td><span data-path-to-node=\"59,2,2,0\">159\u51046,000\u4e07\u5186<\/span><\/td>\n<td><span data-path-to-node=\"59,2,3,0\">+3.9%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span data-path-to-node=\"59,3,0,0\"><b data-path-to-node=\"59,3,0,0\" data-index-in-node=\"0\">\u7d4c\u5e38\u5229\u76ca<\/b><\/span><\/td>\n<td><span data-path-to-node=\"59,3,1,0\">80\u51046,200\u4e07\u5186<\/span><\/td>\n<td><span data-path-to-node=\"59,3,2,0\">159\u51046,000\u4e07\u5186<\/span><\/td>\n<td><span data-path-to-node=\"59,3,3,0\">\u25b31.1%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span data-path-to-node=\"59,4,0,0\"><b data-path-to-node=\"59,4,0,0\" data-index-in-node=\"0\">\u5f53\u671f\u7d14\u5229\u76ca<\/b><\/span><\/td>\n<td><span data-path-to-node=\"59,4,1,0\">53\u51044,400\u4e07\u5186<\/span><\/td>\n<td><span data-path-to-node=\"59,4,2,0\">106\u51043,000\u4e07\u5186<\/span><\/td>\n<td><span data-path-to-node=\"59,4,3,0\">\u25b36.0%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p data-path-to-node=\"60\"><span class=\"\">\u4e2d\u9593\u671f\u306b\u304a\u3044\u3066\u306f\u3001<\/span><span class=\"\">\u5c06\u6765\u306e\u696d\u52d9\u52b9\u7387\u5316\u306b\u5411\u3051\u305f\u672c\u793e\u30aa\u30d5\u30a3\u30b9\u306e\u79fb\u8ee2\u8cbb\u7528\u3084\u3001<\/span><span class=\"\">\u512a\u79c0\u306a\u4eba\u6750\u3092\u3064\u306a\u304e\u6b62\u3081\u308b\u305f\u3081\u306e\u682a\u5f0f\u5831\u916c\u8cbb\u7528\u306a\u3069\u304c\u5148\u884c\u6295\u8cc7\u3068\u3057\u3066\u8a08\u4e0a\u3055\u308c\u305f\u305f\u3081\u3001<\/span><span class=\"\">\u7d14\u5229\u76ca\u306f\u4e00\u6642\u7684\u306b\u524d\u5e74\u540c\u671f\u6bd4\u3067\u5c0f\u5e45\u306a\u30de\u30a4\u30ca\u30b9\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002<\/span><span>\u3057\u304b\u3057\u3001<\/span><span class=\"\">\u901a\u671f\u306e\u55b6\u696d\u5229\u76ca\u306f159\u5104\u5186\u8d85\u3068\u3001<\/span><span class=\"\">\u672c\u696d\u306e\u53ce\u76ca\u529b\u306f\u4f9d\u7136\u3068\u3057\u3066\u6975\u3081\u3066\u9ad8\u3044\u6c34\u6e96\u3092\u5805\u6301\u3057\u3066\u3044\u307e\u3059\u3002<\/span><\/p>\n<h3 data-path-to-node=\"61\">2. \u8cb8\u501f\u5bfe\u7167\u8868\uff08B\/S\uff09\u306e\u69cb\u9020\u3068\u624b\u5143\u8cc7\u91d1<\/h3>\n<p data-path-to-node=\"62\"><span>\u30b7\u30b9\u30c6\u30ca\u306e\u30d0\u30e9\u30f3\u30b9\u30b7\u30fc\u30c8\uff08\u7dcf\u8cc7\u7523\uff1a\u7d04622\u5104\u5186\uff09\u306e\u6700\u5927\u306e\u7279\u5fb4\u306f\u3001<\/span><span>\u300c\u7dcf\u8cc7\u7523\u306e\u534a\u5206\u8fd1\u304f\u304c\u5373\u5ea7\u306b\u4f7f\u3048\u308b\u73fe\u91d1\u3067\u3042\u308b\u300d\u3068\u3044\u3046\u70b9\u3067\u3059\u3002<\/span><\/p>\n<ul data-path-to-node=\"63\">\n<li>\n<p data-path-to-node=\"63,0,0\"><b data-path-to-node=\"63,0,0\" data-index-in-node=\"0\">\u624b\u5143\u73fe\u9810\u91d1\uff1a\u7d04298\u5104\u5186<\/b><span>\uff082026\u5e743\u6708\u672b\u6642\u70b9\uff09<\/span><\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"63,1,0\"><b data-path-to-node=\"63,1,0\" data-index-in-node=\"0\">\u6709\u5229\u5b50\u8ca0\u50b5\uff08\u501f\u5165\u91d1\uff09\uff1a\u7d0415\u5104\u5186\u306e\u307f<\/b><\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"63,2,0\"><b data-path-to-node=\"63,2,0\" data-index-in-node=\"0\">\u7d14\u73fe\u91d1\uff08\u30cd\u30c3\u30c8\u30ad\u30e3\u30c3\u30b7\u30e5\uff09\uff1a\u7d04283\u5104\u5186<\/b><\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"63,3,0\"><b data-path-to-node=\"63,3,0\" data-index-in-node=\"0\">\u81ea\u5df1\u8cc7\u672c\u6bd4\u7387\uff1a\u7d0467.6%<\/b><\/p>\n<\/li>\n<\/ul>\n<p data-path-to-node=\"64\"><span class=\"\">\u4e00\u822c\u7684\u306a\u88fd\u9020\u696d\u3067\u306f\u3001<\/span><span class=\"\">\u5de5\u5834\u3084\u6a5f\u68b0\u8a2d\u5099\u3068\u3044\u3063\u305f\u56fa\u5b9a\u8cc7\u7523\u306b\u591a\u984d\u306e\u8cc7\u91d1\u304c\u62d8\u675f\u3055\u308c\u307e\u3059\u3002<\/span><span class=\"\">\u3057\u304b\u3057\u3001<\/span><span class=\"\">\u30b7\u30b9\u30c6\u30ca\u306e\u3088\u3046\u306aIT\u30b5\u30fc\u30d3\u30b9\u4f01\u696d\u306e\u672c\u8cea\u7684\u306a\u8cc7\u7523\u306f\u300c\u30a8\u30f3\u30b8\u30cb\u30a2\uff08\u4eba\uff09\u300d\u3067\u3042\u308a\u3001<\/span><span class=\"\">\u5de8\u5927\u306a\u751f\u7523\u8a2d\u5099\u3092\u5fc5\u8981\u3068\u3057\u307e\u305b\u3093\u3002<\/span><span> \u501f\u5165\u91d1\u304c\u308f\u305a\u304b15\u5104\u5186\u7a0b\u5ea6\u306b\u5bfe\u3057\u3066\u73fe\u9810\u91d1\u304c\u7d04300\u5104\u5186\u3042\u308b\u72b6\u614b\u306f\u3001<\/span><span>\u91d1\u878d\u30fb\u8ca1\u52d9\u306e\u4e16\u754c\u3067\u306f\u300c\u5b9f\u8cea\u7121\u501f\u91d1\u7d4c\u55b6\u300d\u3068\u547c\u3070\u308c\u3001<\/span><span>\u5012\u7523\u30ea\u30b9\u30af\u306f\u6975\u5c0f\u3068\u8a00\u3048\u307e\u3059\u3002<\/span><\/p>\n<h3 data-path-to-node=\"65\">3. \u30d5\u30ea\u30fc\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306e\u5275\u51fa\u529b<\/h3>\n<p data-path-to-node=\"66\"><span>\u3055\u3089\u306b\u91cd\u8981\u306a\u306e\u306f\u3001<\/span><span>\u6b8b\u9ad8\u3060\u3051\u3067\u306a\u304f\u300c\u6bce\u5e74\u5165\u3063\u3066\u304f\u308b\u73fe\u91d1\u306e\u91cf\u300d\u3067\u3059\u3002<\/span><\/p>\n<p data-path-to-node=\"67\"><span>\u30b7\u30b9\u30c6\u30ca\u306f\u3001<\/span><span class=\"\">\u672c\u696d\u306e\u55b6\u696d\u6d3b\u52d5\u304b\u3089\u5f97\u3089\u308c\u308b\u30ad\u30e3\u30c3\u30b7\u30e5\uff08\u55b6\u696d\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\uff09\u3068\u3057\u3066<\/span><b data-path-to-node=\"67\" data-index-in-node=\"39\">\u6bce\u5e74100\u5104\u301c130\u5104\u5186<\/b><span>\u3068\u3044\u3046\u73fe\u91d1\u3092\u7740\u5b9f\u306b\u751f\u307f\u51fa\u3057\u3066\u3044\u307e\u3059\u3002<\/span><span>\u5de5\u5834\u5efa\u8a2d\u306a\u3069\u306e\u5927\u898f\u6a21\u306a\u8a2d\u5099\u6295\u8cc7\uff08\u6295\u8cc7\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\uff09\u304c\u307b\u3068\u3093\u3069\u304b\u304b\u3089\u306a\u3044\u305f\u3081\u3001<\/span><span class=\"\">\u4f1a\u793e\u304c\u5b8c\u5168\u306b\u81ea\u7531\u306b\u4f7f\u3048\u308b\u304a\u91d1\u3067\u3042\u308b\u30d5\u30ea\u30fc\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\uff08FCF\uff09\u304c\u5e74\u9593100\u5104\u5186\u8fd1\u304f\u6b8b\u308a\u307e\u3059\u3002<\/span><\/p>\n<p data-path-to-node=\"68\"><span class=\"\">\u3064\u307e\u308a\u3001<\/span><span class=\"\">\u300c\u4eca\u56de100\u5104\u5186\u306e\u81ea\u793e\u682a\u8cb7\u3044\u3092\u884c\u3063\u3066\u73fe\u91d1\u3092\u5e02\u5834\u306b\u653e\u51fa\u3057\u3066\u3082\u3001<\/span><span>1\u5e74\u301c1\u5e74\u534a\u306e\u672c\u696d\u306e\u5229\u76ca\u3060\u3051\u3067\u624b\u5143\u306e\u73fe\u91d1\u6b8b\u9ad8\u304c\u5143\u901a\u308a\u306b\u56de\u5fa9\u3059\u308b\u300d\u8a08\u7b97\u306b\u306a\u308a\u307e\u3059\u3002<\/span><span>\u8ca1\u52d9\u5b89\u5168\u6027\u3092\u4e00\u5207\u640d\u306a\u3046\u3053\u3068\u306a\u304f\u5b9f\u884c\u3067\u304d\u308b\u3001<\/span><span>\u8a08\u7b97\u3057\u5c3d\u304f\u3055\u308c\u305f\u898f\u6a21\u611f\u306a\u306e\u3067\u3059\u3002<\/span><\/p>\n<h2 data-path-to-node=\"70\">\u7b2c4\u7ae0\uff1a\u30a4\u30f3\u30d1\u30af\u30c8\u306e\u7cbe\u5bc6\u8a66\u7b97\u2014\u2014EPS\u30fbROE\u306f\u3069\u3046\u5909\u5316\u3059\u308b\u306e\u304b<\/h2>\n<p data-path-to-node=\"71\"><span>\u305d\u308c\u3067\u306f\u3001<\/span><span>\u3053\u306e100\u5104\u5186\u306e\u81ea\u793e\u682a\u8cb7\u3044\u306810\uff05\u306e\u6d88\u5374\u306f\u3001<\/span><span>\u6295\u8cc7\u6307\u6a19\uff08EPS\u3001<\/span><span>ROE\uff09\u306b\u5177\u4f53\u7684\u306b\u3069\u308c\u307b\u3069\u306e\u30d7\u30e9\u30b9\u52b9\u679c\u3092\u3082\u305f\u3089\u3059\u306e\u3067\u3057\u3087\u3046\u304b\u3002<\/span><span>\u524d\u63d0\u6761\u4ef6\u3092\u7f6e\u3044\u3066\u53b3\u5bc6\u306b\u8a66\u7b97\u3057\u3066\u307f\u307e\u3059\u3002<\/span><\/p>\n<h3 data-path-to-node=\"72\">1. \u8a66\u7b97\u306e\u57fa\u790e\u30c7\u30fc\u30bf\uff08\u524d\u63d0\uff09<\/h3>\n<ul data-path-to-node=\"73\">\n<li>\n<p data-path-to-node=\"73,0,0\"><b data-path-to-node=\"73,0,0\" data-index-in-node=\"0\">\u6d88\u5374\u524d\u767a\u884c\u6e08\u682a\u5f0f\u7dcf\u6570\uff1a<\/b><span> 4\u51042,<\/span><span>588\u4e07\u682a<\/span><\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"73,1,0\"><b data-path-to-node=\"73,1,0\" data-index-in-node=\"0\">\u682a\u5f0f\u6d88\u5374\uff1a<\/b><span> 4,<\/span><span>260\u4e07\u682a\uff08\u6d88\u5374\u5f8c\uff1a\u7d043\u51048,<\/span><span>328\u4e07\u682a\uff09<\/span><\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"73,2,0\"><b data-path-to-node=\"73,2,0\" data-index-in-node=\"0\">\u81ea\u793e\u682a\u8cb7\u3044\u67a0\uff1a<\/b><span> \u6700\u59272,<\/span><span>380\u4e07\u682a \/ 100\u5104\u5186\uff08\u53d6\u5f97\u671f\u95931\u5e74\uff09<\/span><\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"73,3,0\"><b data-path-to-node=\"73,3,0\" data-index-in-node=\"0\">\u6d41\u901a\u682a\u5f0f\u6570\uff08\u81ea\u5df1\u682a\u5f0f\u63a7\u9664\u5f8c\uff09\uff1a<\/b><\/p>\n<ul data-path-to-node=\"73,3,1\">\n<li>\n<p data-path-to-node=\"73,3,1,0,0\"><span>\u5b9f\u65bd\u524d\uff1a\u7d043\u51045,<\/span><span>700\u4e07\u682a<\/span><\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"73,3,1,1,0\"><span>\u81ea\u793e\u682a\u8cb7\u3044\u5b8c\u4e86\u5f8c\uff1a\u7d043\u51043,<\/span><span>320\u4e07\u682a\uff08<\/span><b data-path-to-node=\"73,3,1,1,0\" data-index-in-node=\"20\">\u7d046.7%\u6e1b\u5c11<\/b><span>\uff09<\/span><\/p>\n<\/li>\n<\/ul>\n<\/li>\n<li>\n<p data-path-to-node=\"73,4,0\"><b data-path-to-node=\"73,4,0\" data-index-in-node=\"0\">\u5f53\u671f\u7d14\u5229\u76ca\uff08\u4f1a\u793e\u4e88\u60f3\uff09\uff1a<\/b><span> \u7d04106\u5104\u5186<\/span><\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"73,5,0\"><b data-path-to-node=\"73,5,0\" data-index-in-node=\"0\">\u81ea\u5df1\u8cc7\u672c\uff08\u7d14\u8cc7\u7523\uff09\uff1a<\/b><span class=\"\"> \u7d04420\u5104\u5186<\/span><\/p>\n<\/li>\n<\/ul>\n<h3 data-path-to-node=\"75\">2. EPS\uff081\u682a\u5f53\u305f\u308a\u7d14\u5229\u76ca\uff09\u3078\u306e\u5f71\u97ff\uff1a\u7d04 +7.1% \u306e\u5411\u4e0a<\/h3>\n<p data-path-to-node=\"76\"><span>\u682a\u5f0f\u5e02\u5834\u306b\u304a\u3044\u3066\u3001<\/span><span>EPS\u306e\u4e0a\u6607\u306f\u682a\u4fa1\u306e\u4e0a\u6607\u306b\u76f4\u7d50\u3057\u307e\u3059\u3002<\/span><\/p>\n<div data-path-to-node=\"77\">\n<div class=\"math-block\" data-math=\"\\text{\u73fe\u5728\u306eEPS} = \\frac{106\u5104\u5186}{3\u51045,700\u4e07\u682a} \\fallingdotseq 29.69\u5186\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/11\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-11-05-11.42.19.png\" alt=\"\" width=\"421\" height=\"106\" class=\"aligncenter  wp-image-33802\" srcset=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/11\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-11-05-11.42.19.png 786w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/11\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-11-05-11.42.19-300x76.png 300w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/11\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-11-05-11.42.19-768x193.png 768w\" sizes=\"(max-width: 421px) 100vw, 421px\" \/><\/div>\n<\/div>\n<p data-path-to-node=\"78\"><span class=\"\">\u3053\u3053\u3067\u81ea\u793e\u682a\u8cb7\u3044\u304c\u6e80\u984d\u5b9f\u884c\u3055\u308c\u3001<\/span><span>2,<\/span><span>380\u4e07\u682a\u304c\u5e02\u5834\u304b\u3089\u8cb7\u3044\u53d6\u3089\u308c\u3066\u6d41\u901a\u682a\u6570\u304c3\u51043,<\/span><span>320\u4e07\u682a\u306b\u7e2e\u5c0f\u3057\u305f\u3068\u3057\u307e\u3059\u3002<\/span><\/p>\n<div data-path-to-node=\"79\">\n<div class=\"math-block\" data-math=\"\\text{\u81ea\u793e\u682a\u8cb7\u3044\u5b8c\u4e86\u5f8c\u306e\u4e88\u60f3EPS} = \\frac{106\u5104\u5186}{3\u51043,320\u4e07\u682a} \\fallingdotseq 31.81\u5186\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/11\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-11-05-11.42.40-1024x128.png\" alt=\"\" width=\"525\" height=\"66\" class=\"aligncenter  wp-image-33803\" srcset=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/11\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-11-05-11.42.40-1024x128.png 1024w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/11\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-11-05-11.42.40-300x37.png 300w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/11\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-11-05-11.42.40-768x96.png 768w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/11\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-11-05-11.42.40.png 1058w\" sizes=\"(max-width: 525px) 100vw, 525px\" \/><\/div>\n<\/div>\n<div data-path-to-node=\"80\">\n<div class=\"math-block\" data-math=\"\\text{\u5909\u5316\u7387} = \\frac{31.81 - 29.69}{29.69} \\times 100 \\fallingdotseq \\mathbf{+7.14\\%}\">\n<img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/11\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-11-05-11.43.03.png\" alt=\"\" width=\"360\" height=\"65\" class=\"aligncenter  wp-image-33804\" srcset=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/11\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-11-05-11.43.03.png 774w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/11\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-11-05-11.43.03-300x54.png 300w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/11\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-11-05-11.43.03-768x139.png 768w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/11\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-11-05-11.43.03-767x140.png 767w\" sizes=\"(max-width: 360px) 100vw, 360px\" \/><\/div>\n<\/div>\n<p data-path-to-node=\"81\"><b data-path-to-node=\"81\" data-index-in-node=\"0\">\u3010\u89e3\u8aac\u3011<\/b><\/p>\n<p data-path-to-node=\"82\"><span>\u7d14\u5229\u76ca\u304c1\u5186\u3082\u5897\u3048\u306a\u304b\u3063\u305f\u3068\u3057\u3066\u3082\u3001<\/span><b data-path-to-node=\"82\" data-index-in-node=\"18\">1\u682a\u3042\u305f\u308a\u306e\u5229\u76ca\u306f\u81ea\u52d5\u7684\u306b\u7d047.1\uff05\u8df3\u306d\u4e0a\u304c\u308a\u307e\u3059<\/b><span>\u3002<\/span><span>\u682a\u5f0f\u5e02\u5834\u306e\u682a\u4fa1\u306f\u57fa\u672c\u7684\u306b\u300cEPS \u00d7 PER\uff08\u682a\u4fa1\u53ce\u76ca\u7387\uff09\u300d\u3067\u6c7a\u307e\u308b\u305f\u3081\u3001<\/span><span>\u5e02\u5834\u306e\u8a55\u4fa1\u500d\u7387\uff08PER\uff09\u304c\u4e00\u5b9a\u3067\u3042\u308c\u3070\u3001<\/span><b data-path-to-node=\"82\" data-index-in-node=\"101\">\u682a\u4fa1\u306e\u7406\u8ad6\u5024\u306f\u3053\u308c\u3060\u3051\u3067\u7d047%\u4e0a\u6607\u3059\u308b<\/b><span>\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u3002<\/span><\/p>\n<h3 data-path-to-node=\"84\">3. ROE\uff08\u81ea\u5df1\u8cc7\u672c\u5229\u76ca\u7387\uff09\u3078\u306e\u5f71\u97ff\uff1a\u7d04 +7.9\u30dd\u30a4\u30f3\u30c8\u306e\u5927\u5e45\u8df3\u306d\u4e0a\u304c\u308a<\/h3>\n<p data-path-to-node=\"85\"><span>ROE\u306f\u3001<\/span><span>\u30a6\u30a9\u30fc\u30ec\u30f3\u30fb\u30d0\u30d5\u30a7\u30c3\u30c8\u3092\u306f\u3058\u3081\u3068\u3059\u308b\u4e16\u754c\u4e2d\u306e\u6a5f\u95a2\u6295\u8cc7\u5bb6\u304c\u6700\u3082\u91cd\u8996\u3059\u308b\u300c\u4f01\u696d\u306e\u8cc7\u672c\u52b9\u7387\u6027\u300d\u3092\u793a\u3059\u6307\u6a19\u3067\u3059\u3002<\/span><span>\u300c\u682a\u4e3b\u304b\u3089\u9810\u304b\u3063\u305f\u304a\u91d1\u3092\u4f7f\u3063\u3066\u3001<\/span><span>\u3069\u308c\u3060\u3051\u52b9\u7387\u3088\u304f\u5229\u76ca\u3092\u751f\u307f\u51fa\u3057\u305f\u304b\u300d\u3092\u8868\u3057\u307e\u3059\u3002<\/span><\/p>\n<div data-path-to-node=\"86\">\n<div class=\"math-block\" data-math=\"\\text{ROE} = \\frac{\\text{\u5f53\u671f\u7d14\u5229\u76ca}}{\\text{\u81ea\u5df1\u8cc7\u672c\uff08\u7d14\u8cc7\u7523\uff09}} \\times 100\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/11\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-11-05-11.43.31.png\" alt=\"\" width=\"372\" height=\"74\" class=\"aligncenter  wp-image-33805\" srcset=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/11\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-11-05-11.43.31.png 704w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/11\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-11-05-11.43.31-300x60.png 300w\" sizes=\"(max-width: 372px) 100vw, 372px\" \/><\/div>\n<\/div>\n<ul data-path-to-node=\"87\">\n<li>\n<p data-path-to-node=\"87,0,0\"><b data-path-to-node=\"87,0,0\" data-index-in-node=\"0\">\u81ea\u793e\u682a\u8cb7\u3044\u524d\u306eROE\uff1a<\/b><\/p>\n<div data-path-to-node=\"87,0,1\">\n<div class=\"math-block\" data-math=\"\\text{ROE} = \\frac{106\u5104\u5186}{420\u5104\u5186} \\times 100 \\fallingdotseq \\mathbf{25.2\\%}\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/11\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-11-05-11.43.49.png\" alt=\"\" width=\"354\" height=\"71\" class=\"aligncenter  wp-image-33806\" srcset=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/11\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-11-05-11.43.49.png 638w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/11\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-11-05-11.43.49-300x60.png 300w\" sizes=\"(max-width: 354px) 100vw, 354px\" \/><\/div>\n<\/div>\n<p data-path-to-node=\"87,0,2\"><span>\uff08\u203b\u5143\u300525%\u3068\u3044\u3046\u6570\u5024\u81ea\u4f53\u3001<\/span><span>\u65e5\u672c\u4f01\u696d\u306e\u5e73\u57478\u301c9%\u306b\u6bd4\u3079\u3066\u6975\u3081\u3066\u512a\u79c0\u3067\u3059\uff09<\/span><\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"87,1,0\"><b data-path-to-node=\"87,1,0\" data-index-in-node=\"0\">\u81ea\u793e\u682a\u8cb7\u3044\u5b8c\u4e86\u5f8c\u306eROE\uff08\u81ea\u5df1\u8cc7\u672c\u304c100\u5104\u5186\u6e1b\u5c11\uff09\uff1a<\/b><span class=\"\"> \u81ea\u793e\u682a\u8cb7\u3044\u3092100\u5104\u5186\u5206\u884c\u3046\u3068\u3001<\/span><span>\u8cb8\u501f\u5bfe\u7167\u8868\u306e\u8cc7\u7523\u306e\u90e8\u304b\u3089\u300c\u73fe\u9810\u91d1100\u5104\u5186\u300d\u304c\u6e1b\u308a\u3001<\/span><span>\u7d14\u8cc7\u7523\u306e\u90e8\u304b\u3089\u300c\u81ea\u5df1\u682a\u5f0f100\u5104\u5186\u300d\u304c\u63a7\u9664\u3055\u308c\u308b\u305f\u3081\u3001<\/span><span>\u5206\u6bcd\u3067\u3042\u308b\u81ea\u5df1\u8cc7\u672c\u304c320\u5104\u5186\u306b\u5f15\u304d\u7de0\u307e\u308a\u307e\u3059\u3002<\/span><\/p>\n<div data-path-to-node=\"87,1,1\">\n<div class=\"math-block\" data-math=\"\\text{\u65b0ROE} = \\frac{106\u5104\u5186}{320\u5104\u5186} \\times 100 \\fallingdotseq \\mathbf{33.1\\%}\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/11\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-11-05-11.44.17.png\" alt=\"\" width=\"352\" height=\"80\" class=\"aligncenter  wp-image-33807\" srcset=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/11\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-11-05-11.44.17.png 678w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/11\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-11-05-11.44.17-300x68.png 300w\" sizes=\"(max-width: 352px) 100vw, 352px\" \/><\/div>\n<\/div>\n<\/li>\n<\/ul>\n<div data-path-to-node=\"88\">\n<div class=\"math-block\" data-math=\"\\text{\u6539\u5584\u5e45} = 33.1\\% - 25.2\\% = \\mathbf{+7.9\\%\u30dd\u30a4\u30f3\u30c8}\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/11\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-11-05-11.44.36.png\" alt=\"\" width=\"406\" height=\"46\" class=\"aligncenter  wp-image-33808\" srcset=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/11\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-11-05-11.44.36.png 884w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/11\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-11-05-11.44.36-300x34.png 300w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/11\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-11-05-11.44.36-768x87.png 768w\" sizes=\"(max-width: 406px) 100vw, 406px\" \/><\/div>\n<div data-math=\"\\text{\u6539\u5584\u5e45} = 33.1\\% - 25.2\\% = \\mathbf{+7.9\\%\u30dd\u30a4\u30f3\u30c8}\"><\/div>\n<\/div>\n<table data-path-to-node=\"89\">\n<thead>\n<tr>\n<td><strong>\u6307\u6a19<\/strong><\/td>\n<td><strong>\u65bd\u7b56\u524d<\/strong><\/td>\n<td><strong>\u6e80\u984d\u5b9f\u65bd\u5f8c<\/strong><\/td>\n<td><strong>\u6539\u5584\u52b9\u679c<\/strong><\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><span data-path-to-node=\"89,1,0,0\"><b data-path-to-node=\"89,1,0,0\" data-index-in-node=\"0\">\u767a\u884c\u6e08\u682a\u5f0f\u6570\uff08\u9664\u304f\u81ea\u5df1\u682a\uff09<\/b><\/span><\/td>\n<td><span data-path-to-node=\"89,1,1,0\">\u7d043\u51045,700\u4e07\u682a<\/span><\/td>\n<td><span data-path-to-node=\"89,1,2,0\">\u7d043\u51043,320\u4e07\u682a<\/span><\/td>\n<td><span data-path-to-node=\"89,1,3,0\"><b data-path-to-node=\"89,1,3,0\" data-index-in-node=\"0\">\u25b36.7%<\/b>\uff08\u682a\u6570\u7e2e\u5c0f\uff09<\/span><\/td>\n<\/tr>\n<tr>\n<td><span data-path-to-node=\"89,2,0,0\"><b data-path-to-node=\"89,2,0,0\" data-index-in-node=\"0\">EPS\uff081\u682a\u5f53\u305f\u308a\u7d14\u5229\u76ca\uff09<\/b><\/span><\/td>\n<td><span data-path-to-node=\"89,2,1,0\">\u7d0429.7\u5186<\/span><\/td>\n<td><span data-path-to-node=\"89,2,2,0\"><b data-path-to-node=\"89,2,2,0\" data-index-in-node=\"0\">\u7d0431.8\u5186<\/b><\/span><\/td>\n<td><span data-path-to-node=\"89,2,3,0\"><b data-path-to-node=\"89,2,3,0\" data-index-in-node=\"0\">+7.1%<\/b><\/span><\/td>\n<\/tr>\n<tr>\n<td><span data-path-to-node=\"89,3,0,0\"><b data-path-to-node=\"89,3,0,0\" data-index-in-node=\"0\">\u81ea\u5df1\u8cc7\u672c\uff08\u7d14\u8cc7\u7523\uff09<\/b><\/span><\/td>\n<td><span data-path-to-node=\"89,3,1,0\">\u7d04420\u5104\u5186<\/span><\/td>\n<td><span data-path-to-node=\"89,3,2,0\"><b data-path-to-node=\"89,3,2,0\" data-index-in-node=\"0\">\u7d04320\u5104\u5186<\/b><\/span><\/td>\n<td><span data-path-to-node=\"89,3,3,0\">\u25b3100\u5104\u5186\uff08\u30b9\u30ea\u30e0\u5316\uff09<\/span><\/td>\n<\/tr>\n<tr>\n<td><span data-path-to-node=\"89,4,0,0\"><b data-path-to-node=\"89,4,0,0\" data-index-in-node=\"0\">ROE\uff08\u81ea\u5df1\u8cc7\u672c\u5229\u76ca\u7387\uff09<\/b><\/span><\/td>\n<td><span data-path-to-node=\"89,4,1,0\">\u7d0425.2%<\/span><\/td>\n<td><span data-path-to-node=\"89,4,2,0\"><b data-path-to-node=\"89,4,2,0\" data-index-in-node=\"0\">\u7d0433.1%<\/b><\/span><\/td>\n<td><span data-path-to-node=\"89,4,3,0\"><b data-path-to-node=\"89,4,3,0\" data-index-in-node=\"0\">+7.9%pt<\/b><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p data-path-to-node=\"90\"><b class=\"\" data-path-to-node=\"90\" data-index-in-node=\"0\">\u3010\u89e3\u8aac\u3011<\/b><\/p>\n<p data-path-to-node=\"91\"><span>\u65e5\u672c\u4f01\u696d\u306f\u9577\u5e74\u300c\u73fe\u91d1\u3092\u5185\u90e8\u7559\u4fdd\u3068\u3057\u3066\u6e9c\u3081\u8fbc\u307f\u3059\u304e\u3001<\/span><span class=\"\">\u81ea\u5df1\u8cc7\u672c\u304c\u80a5\u5927\u5316\u3057\u3066ROE\u304c\u4f4e\u4e0b\u3057\u3066\u3044\u308b\u300d\u3068\u6d77\u5916\u6295\u8cc7\u5bb6\u304b\u3089\u6279\u5224\u3055\u308c\u3066\u304d\u307e\u3057\u305f\u3002<\/span><span class=\"\">\u30b7\u30b9\u30c6\u30ca\u306f\u4eca\u56de\u306e\u81ea\u793e\u682a\u8cb7\u3044\u306b\u3088\u3063\u3066\u4f59\u5270\u8cc7\u672c\u3092\u9069\u6b63\u5316\u3057\u3001<\/span><b data-path-to-node=\"91\" data-index-in-node=\"91\">ROE\u309233%\u3068\u3044\u3046\u6b27\u7c73\u306e\u30e1\u30ac\u30c6\u30c3\u30af\u4f01\u696d\u4e26\u307f\u306e\u6c34\u6e96\u3078\u62bc\u3057\u4e0a\u3052\u308b<\/b><span>\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u3002<\/span><\/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=article&amp;utm_medium=cta&amp;utm_content=ueoka\" 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=\"93\">\u7b2c5\u7ae0\uff1a\u65e5\u3005\u306e\u5e02\u5834\u53d6\u5f15\u3078\u306e\u5f71\u97ff\u2014\u2014\u9700\u7d66\u306e\u30e1\u30ab\u30cb\u30ba\u30e0\u3068\u4e0b\u5024\u62b5\u6297\u529b<\/h2>\n<p data-path-to-node=\"94\"><span>\u682a\u5f0f\u306e\u4fa1\u683c\u306f\u3001<\/span><span>\u6700\u7d42\u7684\u306b\u306f\u300c\u8cb7\u3044\u305f\u3044\u4eba\u306e\u6570\u300d\u3068\u300c\u58f2\u308a\u305f\u3044\u4eba\u306e\u6570\u300d\u306e\u9700\u7d66\u95a2\u4fc2\u3067\u6c7a\u307e\u308a\u307e\u3059\u3002<\/span><span>1\u5e74\u9593\u306b\u308f\u305f\u308b100\u5104\u5186\u306e\u81ea\u793e\u682a\u8cb7\u3044\u304c\u3001<\/span><span>\u53d6\u5f15\u6240\u306e\u677f\uff08\u6c17\u914d\u5024\uff09\u306b\u3069\u306e\u3088\u3046\u306a\u7269\u7406\u7684\u5f71\u97ff\u3092\u4e0e\u3048\u308b\u306e\u304b\u3092\u691c\u8a3c\u3057\u307e\u3059\u3002<\/span><\/p>\n<h3 data-path-to-node=\"95\">1. 1\u55b6\u696d\u65e5\u3042\u305f\u308a\u306e\u8cb7\u3044\u4ed8\u3051\u30dc\u30ea\u30e5\u30fc\u30e0<\/h3>\n<p data-path-to-node=\"96\"><span>\u81ea\u793e\u682a\u8cb7\u3044\u306f\u3001<\/span><span>1\u65e5\u3067\u4e00\u6c17\u306b100\u5104\u5186\u5206\u3092\u8cb7\u3046\u308f\u3051\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002<\/span><span>\u5e02\u5834\u306b\u6df7\u4e71\u3092\u4e0e\u3048\u306a\u3044\u3088\u3046\u3001<\/span><span>1\u5e74\u9593\u306e\u55b6\u696d\u65e5\uff08\u7d04245\u65e5\uff09\u306b\u308f\u305f\u3063\u3066\u5c11\u3057\u305a\u3064\u8cb7\u3044\u9032\u3081\u3089\u308c\u307e\u3059\u3002<\/span><\/p>\n<ul data-path-to-node=\"97\">\n<li>\n<p data-path-to-node=\"97,0,0\"><b data-path-to-node=\"97,0,0\" data-index-in-node=\"0\">1\u65e5\u3042\u305f\u308a\u306e\u5e73\u5747\u53d6\u5f97\u682a\u6570\uff1a<\/b><\/p>\n<div data-path-to-node=\"97,0,1\">\n<div class=\"math-block\" data-math=\"2,380\u4e07\u682a \\div 245\u55b6\u696d\u65e5 \\fallingdotseq \\mathbf{\u7d049.7\u4e07\u682a \/ \u65e5}\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/11\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-11-05-11.45.03.png\" alt=\"\" width=\"448\" height=\"64\" class=\"aligncenter  wp-image-33809\" srcset=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/11\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-11-05-11.45.03.png 784w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/11\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-11-05-11.45.03-300x43.png 300w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/11\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-11-05-11.45.03-768x110.png 768w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/11\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-11-05-11.45.03-767x112.png 767w\" sizes=\"(max-width: 448px) 100vw, 448px\" \/><\/div>\n<\/div>\n<\/li>\n<li>\n<p data-path-to-node=\"97,1,0\"><b data-path-to-node=\"97,1,0\" data-index-in-node=\"0\">1\u65e5\u3042\u305f\u308a\u306e\u5e73\u5747\u53d6\u5f97\u91d1\u984d\uff1a<\/b><\/p>\n<div data-path-to-node=\"97,1,1\">\n<div class=\"math-block\" data-math=\"100\u5104\u5186 \\div 245\u55b6\u696d\u65e5 \\fallingdotseq \\mathbf{\u7d044,080\u4e07\u5186 \/ \u65e5}\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/11\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-11-05-11.45.19.png\" alt=\"\" width=\"432\" height=\"48\" class=\"aligncenter  wp-image-33810\" srcset=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/11\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-11-05-11.45.19.png 756w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/11\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-11-05-11.45.19-300x33.png 300w\" sizes=\"(max-width: 432px) 100vw, 432px\" \/><\/div>\n<\/div>\n<\/li>\n<\/ul>\n<h3 data-path-to-node=\"98\">2. \u901a\u5e38\u306e\u51fa\u6765\u9ad8\u3068\u306e\u6bd4\u8f03<\/h3>\n<p data-path-to-node=\"99\"><span>\u30b7\u30b9\u30c6\u30ca\u306e\u5e73\u6642\u306e1\u65e5\u3042\u305f\u308a\u51fa\u6765\u9ad8\uff08\u58f2\u8cb7\u9ad8\uff09\u306f\u3001<\/span><span class=\"\">\u6982\u306d<\/span><b data-path-to-node=\"99\" data-index-in-node=\"25\">110\u4e07\u682a\u301c140\u4e07\u682a\u524d\u5f8c<\/b><span>\uff08\u58f2\u8cb7\u4ee3\u91d1\u306b\u3057\u3066\u7d044.<\/span><span>5\u5104\u5186\u301c5.<\/span><span>5\u5104\u5186\uff09\u3067\u3059\u3002<\/span><\/p>\n<p data-path-to-node=\"100\"><span>\u3053\u3053\u306b\u6bce\u65e5\u6a5f\u68b0\u7684\u306a\u81ea\u793e\u682a\u8cb7\u3044\u304c\u4e57\u3063\u304b\u3063\u3066\u304d\u307e\u3059\u3002<\/span><\/p>\n<div data-path-to-node=\"101\">\n<div class=\"math-block\" data-math=\"\\text{\u51fa\u6765\u9ad8\u306b\u5360\u3081\u308b\u81ea\u793e\u682a\u8cb7\u3044\u306e\u30b7\u30a7\u30a2} = \\frac{9.7\u4e07\u682a}{110\u4e07 \\sim 140\u4e07\u682a} \\fallingdotseq \\mathbf{7.0\\% \\sim 8.8\\%}\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/11\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-11-05-11.45.46-1024x100.png\" alt=\"\" width=\"663\" height=\"65\" class=\"aligncenter  wp-image-33811\" srcset=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/11\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-11-05-11.45.46-1024x100.png 1024w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/11\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-11-05-11.45.46-300x29.png 300w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/11\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-11-05-11.45.46-768x75.png 768w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/11\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-11-05-11.45.46.png 1376w\" sizes=\"(max-width: 663px) 100vw, 663px\" \/><\/div>\n<\/div>\n<p data-path-to-node=\"102\"><span>\u5e02\u5834\u3067\u6210\u7acb\u3059\u308b\u3059\u3079\u3066\u306e\u53d6\u5f15\u306e\u3046\u3061\u3001<\/span><b data-path-to-node=\"102\" data-index-in-node=\"17\">\u304a\u3088\u305d12\u682a\u301c14\u682a\u306b1\u682a\u304c\u300c\u30b7\u30b9\u30c6\u30ca\u81ea\u8eab\u306e\u8cb7\u3044\u6ce8\u6587\u300d\u306b\u306a\u308b<\/b><span>\u8a08\u7b97\u3067\u3059\u3002<\/span><\/p>\n<h3 data-path-to-node=\"103\">3. \u306a\u305c\u682a\u4fa1\u304c\u4e0b\u304c\u308a\u306b\u304f\u304f\u306a\u308b\u306e\u304b\uff1f\uff08\u4e0b\u5024\u62b5\u6297\u529b\uff09<\/h3>\n<p data-path-to-node=\"104\"><span>\u4eca\u56de\u306e\u8cb7\u4ed8\u624b\u6cd5\u306f\u300c\u4fe1\u8a17\u65b9\u5f0f\uff08\u8a3c\u5238\u4f1a\u793e\u3078\u306e\u6295\u8cc7\u4e00\u4efb\uff09\u300d\u3067\u3059\u3002<\/span><span>\u3042\u3089\u304b\u3058\u3081\u8a2d\u5b9a\u3055\u308c\u305f\u30a2\u30eb\u30b4\u30ea\u30ba\u30e0\u306b\u57fa\u3065\u304d\u3001<\/span><span>\u8a3c\u5238\u4f1a\u793e\u306e\u30b3\u30f3\u30d4\u30e5\u30fc\u30bf\u30fc\u304c\u65e5\u4e2d\u306e\u51fa\u6765\u9ad8\u52a0\u91cd\u5e73\u5747\u4fa1\u683c\uff08VWAP\uff09\u3092\u610f\u8b58\u3057\u306a\u304c\u3089\u6de1\u3005\u3068\u8cb7\u3044\u6ce8\u6587\u3092\u5165\u308c\u307e\u3059\u3002<\/span><\/p>\n<ol start=\"1\" data-path-to-node=\"105\">\n<li>\n<p data-path-to-node=\"105,0,0\"><b data-path-to-node=\"105,0,0\" data-index-in-node=\"0\">\u66b4\u843d\u6642\u306e\u30b7\u30e7\u30c3\u30af\u30a2\u30d6\u30bd\u30fc\u30d0\u30fc\uff08\u7de9\u885d\u6750\uff09\uff1a<\/b><\/p>\n<p data-path-to-node=\"105,0,1\"><span>\u65e5\u7d4c\u5e73\u5747\u682a\u4fa1\u304c\u4f55\u767e\u5186\u3082\u6025\u843d\u3059\u308b\u3088\u3046\u306a\u5730\u5408\u3044\u306e\u60aa\u3044\u65e5\u3067\u3082\u3001<\/span><span>\u30b7\u30b9\u30c6\u30ca\u682a\u306b\u306f\u300c\u7d044,<\/span><span>000\u4e07\u5186\u30fb\u7d0410\u4e07\u682a\u306e\u78ba\u5b9f\u306a\u8cb7\u3044\u9700\u8981\u300d\u304c\u5e02\u5834\u306b\u5c45\u5ea7\u308a\u7d9a\u3051\u307e\u3059\u3002<\/span><span>\u305d\u306e\u305f\u3081\u3001<\/span><span>\u540c\u696d\u4ed6\u793e\u306b\u6bd4\u3079\u3066\u682a\u4fa1\u306e\u4e0b\u843d\u5e45\u304c\u5c0f\u3055\u304f\u306a\u308a\u3084\u3059\u3044\uff08\u30c7\u30a3\u30d5\u30a7\u30f3\u30b7\u30d6\u6027\u304c\u9ad8\u307e\u308b\uff09\u3068\u3044\u3046\u7279\u5fb4\u304c\u751f\u307e\u308c\u307e\u3059\u3002<\/span><\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"105,1,0\"><b data-path-to-node=\"105,1,0\" data-index-in-node=\"0\">\u7a7a\u58f2\u308a\u7b4b\u3078\u306e\u727d\u5236\uff1a<\/b><\/p>\n<p data-path-to-node=\"105,1,1\"><span>\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u306a\u3069\u304c\u682a\u4fa1\u306e\u4e0b\u843d\u3092\u898b\u8fbc\u3093\u3067\u300c\u7a7a\u58f2\u308a\uff08\u4fe1\u7528\u58f2\u308a\uff09\u300d\u3092\u4ed5\u639b\u3051\u3088\u3046\u3068\u3057\u3066\u3082\u3001<\/span><span>\u6bce\u65e5\u6c7a\u307e\u3063\u305f\u8cb7\u3044\u624b\u304c\u78ba\u5b9f\u306b\u682a\u3092\u5438\u3044\u4e0a\u3052\u3066\u3044\u304f\u305f\u3081\u3001<\/span><span>\u58f2\u308a\u5d29\u3059\u3053\u3068\u304c\u6975\u3081\u3066\u96e3\u3057\u304f\u306a\u308a\u307e\u3059\u3002<\/span><span>\u8cb7\u3044\u623b\u3057\u3092\u8feb\u3089\u308c\u308b\u30ea\u30b9\u30af\u304c\u9ad8\u307e\u308b\u305f\u3081\u3001<\/span><span>\u30b7\u30e7\u30fc\u30c8\uff08\u58f2\u308a\u4ed5\u639b\u3051\uff09\u304c\u5165\u308a\u306b\u304f\u304f\u306a\u308a\u307e\u3059\u3002<\/span><\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"105,2,0\"><b data-path-to-node=\"105,2,0\" data-index-in-node=\"0\">\u6cd5\u5f8b\u4e0a\u306e\u4e0a\u9650\uff0825%\u30eb\u30fc\u30eb\uff09\u306e\u30af\u30ea\u30a2\uff1a<\/b><\/p>\n<p data-path-to-node=\"105,2,1\"><span>\u65e5\u672c\u306e\u91d1\u878d\u5546\u54c1\u53d6\u5f15\u6cd5\u3067\u306f\u3001<\/span><span>\u76f8\u5834\u64cd\u7e26\u3092\u9632\u3050\u305f\u3081\u300c\u81ea\u793e\u682a\u8cb7\u3044\u306e1\u65e5\u306e\u8cb7\u4ed8\u6570\u91cf\u306f\u3001<\/span><span>\u76f4\u8fd14\u9031\u9593\u306e1\u65e5\u5e73\u5747\u51fa\u6765\u9ad8\u306e25%\u307e\u3067\u300d\u3068\u3044\u3046\u53b3\u3057\u3044\u898f\u5236\u304c\u3042\u308a\u307e\u3059\u3002<\/span><span>\u4eca\u56de\u306e\u30da\u30fc\u30b9\uff08\u7d047\u301c9%\uff09\u306f\u6cd5\u898f\u5236\u306e\u67a0\u5185\u306b\u3086\u3063\u305f\u308a\u3068\u53ce\u307e\u3063\u3066\u304a\u308a\u3001<\/span><span>\u9014\u4e2d\u3067\u8cb7\u3044\u4ed8\u3051\u304c\u30b9\u30c8\u30c3\u30d7\u3059\u308b\u3053\u3068\u306a\u304f1\u5e74\u9593\u30b9\u30e0\u30fc\u30ba\u306b\u57f7\u884c\u3067\u304d\u308b\u73fe\u5b9f\u7684\u306a\u8a2d\u8a08\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002<\/span><\/p>\n<\/li>\n<\/ol>\n<h2 data-path-to-node=\"107\">\u7b2c6\u7ae0\uff1a\u540c\u696d\u4ed6\u793e\uff08SIer\u5927\u624b\uff09\u3068\u306e\u6307\u6a19\u6bd4\u8f03<\/h2>\n<p data-path-to-node=\"108\"><span>\u6295\u8cc7\u5bb6\u304c\u6295\u8cc7\u5224\u65ad\u3092\u4e0b\u3059\u969b\u3001<\/span><span>\u5358\u4f53\u4f01\u696d\u306e\u6570\u5024\u3060\u3051\u3067\u306a\u304f\u300c\u540c\u696d\u4ed6\u793e\u3068\u6bd4\u8f03\u3057\u3066\u5272\u5b89\u304b\u30fb\u512a\u308c\u3066\u3044\u308b\u304b\u300d\u3068\u3044\u3046\u76f8\u5bfe\u6bd4\u8f03\u304c\u4e0d\u53ef\u6b20\u3067\u3059\u3002<\/span><span>\u72ec\u7acb\u7cfbSIer\u306e\u4ee3\u8868\u683c\u3067\u3042\u308bTIS\u3001<\/span><span>BIPROGY\uff08\u65e7\u65e5\u672c\u30e6\u30cb\u30b7\u30b9\uff09\u3068\u6bd4\u8f03\u3057\u3066\u307f\u307e\u3057\u3087\u3046\u3002<\/span><\/p>\n<table data-path-to-node=\"109\">\n<thead>\n<tr>\n<td><strong>\u4f01\u696d\u540d<\/strong><\/td>\n<td><strong>\u55b6\u696d\u5229\u76ca\u7387<\/strong><\/td>\n<td><strong>ROE\uff08\u81ea\u5df1\u8cc7\u672c\u5229\u76ca\u7387\uff09<\/strong><\/td>\n<td><strong>\u914d\u5f53\u5229\u56de\u308a<\/strong><\/td>\n<td><strong>\u81ea\u5df1\u8cc7\u672c\u6bd4\u7387<\/strong><\/td>\n<td><strong>\u4eca\u56de\u306e\u81ea\u793e\u682a\u8cb7\u3044\u898f\u6a21<\/strong><\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><span data-path-to-node=\"109,1,0,0\"><b data-path-to-node=\"109,1,0,0\" data-index-in-node=\"0\">\u30b7\u30b9\u30c6\u30ca\uff082317\uff09<\/b><\/span><\/td>\n<td><span data-path-to-node=\"109,1,1,0\"><b data-path-to-node=\"109,1,1,0\" data-index-in-node=\"0\">\u7d04 16.0%<\/b><\/span><\/td>\n<td><span data-path-to-node=\"109,1,2,0\"><b data-path-to-node=\"109,1,2,0\" data-index-in-node=\"0\">\u7d04 25.2%\uff08\u65bd\u7b56\u5f8c\uff1a\u7d0433%\uff09<\/b><\/span><\/td>\n<td><span data-path-to-node=\"109,1,3,0\"><b data-path-to-node=\"109,1,3,0\" data-index-in-node=\"0\">\u7d04 4.0%<\/b><\/span><\/td>\n<td><span data-path-to-node=\"109,1,4,0\"><b data-path-to-node=\"109,1,4,0\" data-index-in-node=\"0\">\u7d04 67.6%<\/b><\/span><\/td>\n<td><span data-path-to-node=\"109,1,5,0\"><b data-path-to-node=\"109,1,5,0\" data-index-in-node=\"0\">\u767a\u884c\u6e08\u306e\u7d046.65%<\/b><\/span><\/td>\n<\/tr>\n<tr>\n<td><span data-path-to-node=\"109,2,0,0\"><b data-path-to-node=\"109,2,0,0\" data-index-in-node=\"0\">TIS\uff089613\uff09<\/b><\/span><\/td>\n<td><span data-path-to-node=\"109,2,1,0\">\u7d04 12.5%<\/span><\/td>\n<td><span data-path-to-node=\"109,2,2,0\">\u7d04 14.5%<\/span><\/td>\n<td><span data-path-to-node=\"109,2,3,0\">\u7d04 2.5%<\/span><\/td>\n<td><span data-path-to-node=\"109,2,4,0\">\u7d04 62.0%<\/span><\/td>\n<td><span data-path-to-node=\"109,2,5,0\">\u5e74\u9593 1\u301c2% \u7a0b\u5ea6<\/span><\/td>\n<\/tr>\n<tr>\n<td><span data-path-to-node=\"109,3,0,0\"><b data-path-to-node=\"109,3,0,0\" data-index-in-node=\"0\">BIPROGY\uff088056\uff09<\/b><\/span><\/td>\n<td><span data-path-to-node=\"109,3,1,0\">\u7d04 10.5%<\/span><\/td>\n<td><span data-path-to-node=\"109,3,2,0\">\u7d04 13.0%<\/span><\/td>\n<td><span data-path-to-node=\"109,3,3,0\">\u7d04 2.7%<\/span><\/td>\n<td><span data-path-to-node=\"109,3,4,0\">\u7d04 55.0%<\/span><\/td>\n<td><span data-path-to-node=\"109,3,5,0\">\u5e74\u9593 1\u301c2% \u7a0b\u5ea6<\/span><\/td>\n<\/tr>\n<tr>\n<td><span data-path-to-node=\"109,4,0,0\"><b data-path-to-node=\"109,4,0,0\" data-index-in-node=\"0\">\u6771\u8a3c\u30d7\u30e9\u30a4\u30e0\u5e73\u5747<\/b><\/span><\/td>\n<td><span data-path-to-node=\"109,4,1,0\"><i data-path-to-node=\"109,4,1,0\" data-index-in-node=\"0\">\u7d04 6\u301c8%<\/i><\/span><\/td>\n<td><span data-path-to-node=\"109,4,2,0\"><i data-path-to-node=\"109,4,2,0\" data-index-in-node=\"0\">\u7d04 8\u301c9%<\/i><\/span><\/td>\n<td><span data-path-to-node=\"109,4,3,0\"><i data-path-to-node=\"109,4,3,0\" data-index-in-node=\"0\">\u7d04 2.3%<\/i><\/span><\/td>\n<td><span data-path-to-node=\"109,4,4,0\"><i data-path-to-node=\"109,4,4,0\" data-index-in-node=\"0\">\u7d04 40\u301c45%<\/i><\/span><\/td>\n<td><span data-path-to-node=\"109,4,5,0\"><i data-path-to-node=\"109,4,5,0\" data-index-in-node=\"0\">\u2014<\/i><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p data-path-to-node=\"110\"><span>\u3053\u306e\u6bd4\u8f03\u8868\u304b\u3089\u6d6e\u304d\u5f6b\u308a\u306b\u306a\u308b\u30b7\u30b9\u30c6\u30ca\u306e\u969b\u7acb\u3063\u305f\u7279\u5fb4\u306f\u4ee5\u4e0b\u306e3\u70b9\u3067\u3059\u3002<\/span><\/p>\n<ol start=\"1\" data-path-to-node=\"111\">\n<li>\n<p data-path-to-node=\"111,0,0\"><b data-path-to-node=\"111,0,0\" data-index-in-node=\"0\">\u5229\u76ca\u7387\u306e\u9ad8\u3055\uff1a<\/b><span> \u55b6\u696d\u5229\u76ca\u738716%\u306f\u3001<\/span><span>\u696d\u754c\u5927\u624b2\u793e\u3092\u5927\u304d\u304f\u4e0a\u56de\u308b\u53ce\u76ca\u6027\u306e\u9ad8\u3055\u3092\u793a\u3057\u3066\u3044\u307e\u3059\u3002<\/span><\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"111,1,0\"><b data-path-to-node=\"111,1,0\" data-index-in-node=\"0\">\u5727\u5012\u7684\u306a\u8cc7\u672c\u52b9\u7387\uff08ROE\uff09\uff1a<\/b><span> \u901a\u5e38\u6642\u3067\u308225%\u8d85\u3068\u982d\u4e00\u3064\u629c\u3051\u3066\u3044\u307e\u3059\u304c\u3001<\/span><span>\u81ea\u793e\u682a\u8cb7\u3044\u5f8c\u306f33%\u306b\u9054\u3057\u3001<\/span><span>\u56fd\u5185\u5168\u4e0a\u5834\u4f01\u696d\u306e\u4e2d\u3067\u3082\u6700\u4e0a\u4f4d\u30af\u30e9\u30b9\u306e\u8cc7\u672c\u52b9\u7387\u3068\u306a\u308a\u307e\u3059\u3002<\/span><\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"111,2,0\"><b data-path-to-node=\"111,2,0\" data-index-in-node=\"0\">\u7dcf\u5408\u9084\u5143\u5229\u56de\u308a\u306e\u9a5a\u7570\u7684\u306a\u9ad8\u3055\uff1a<\/b><\/p>\n<p data-path-to-node=\"111,2,1\"><span>\u914d\u5f53\u5229\u56de\u308a\u5358\u4f53\u3067\u7d044.<\/span><span>0%\u3068\u3044\u3046\u9ad8\u914d\u5f53\u6c34\u6e96\u306b\u52a0\u3048\u3001<\/span><span>\u81ea\u793e\u682a\u8cb7\u3044\u5229\u56de\u308a\uff08\u8cb7\u4ed8\u67a0100\u5104\u5186 \u00f7 \u6642\u4fa1\u7dcf\u984d\uff09\u304c\u7d046.<\/span><span>6%\u4e57\u3063\u304b\u308a\u307e\u3059\u3002<\/span><span>\u3053\u308c\u3089\u3092\u5408\u7b97\u3057\u305f\u300c\u7dcf\u9084\u5143\u5229\u56de\u308a\u300d\u306f\u5358\u5e74\u5ea6\u3067\u7d0410%\u8d85\u306b\u9054\u3059\u308b\u3053\u3068\u306b\u306a\u308a\u3001<\/span><span>\u30a4\u30f3\u30ab\u30e0\u30b2\u30a4\u30f3\u30fb\u30ad\u30e3\u30d4\u30bf\u30eb\u30b2\u30a4\u30f3\u53cc\u65b9\u306e\u89b3\u70b9\u304b\u3089\u5e02\u5834\u5e73\u5747\u3092\u5727\u5012\u3057\u3066\u3044\u307e\u3059\u3002<\/span><\/p>\n<\/li>\n<\/ol>\n<h2 data-path-to-node=\"113\">\u7b2c7\u7ae0\uff1a\u6771\u8a3c\u6539\u9769\u306e\u6f6e\u6d41\u3068\u30b3\u30fc\u30dd\u30ec\u30fc\u30c8\u30ac\u30d0\u30ca\u30f3\u30b9<\/h2>\n<p data-path-to-node=\"114\"><span>\u30b7\u30b9\u30c6\u30ca\u306e\u4eca\u56de\u306e\u6c7a\u65ad\u306f\u3001<\/span><span>\u5358\u306a\u308b\u4e00\u4f01\u696d\u306e\u6c17\u307e\u3050\u308c\u3067\u306f\u306a\u304f\u3001<\/span><b data-path-to-node=\"114\" data-index-in-node=\"28\">\u65e5\u672c\u7d4c\u6e08\u30fb\u6771\u4eac\u8a3c\u5238\u53d6\u5f15\u6240\uff08\u6771\u8a3c\uff09\u5168\u4f53\u3067\u9032\u3080\u300c\u8cc7\u672c\u52b9\u7387\u9769\u547d\u300d\u306e\u6587\u8108<\/b><span>\u306e\u4e2d\u306b\u4f4d\u7f6e\u3065\u3051\u3089\u308c\u307e\u3059\u3002<\/span><\/p>\n<h3 data-path-to-node=\"115\">1. \u6771\u8a3c\u306b\u3088\u308b\u300cPBR1\u500d\u5272\u308c\u662f\u6b63\u8981\u8acb\u300d\u3068\u8cc7\u672c\u30b3\u30b9\u30c8\u7d4c\u55b6<\/h3>\n<p data-path-to-node=\"116\"><span>2023\u5e74\u4ee5\u964d\u3001<\/span><span>\u6771\u4eac\u8a3c\u5238\u53d6\u5f15\u6240\u306f\u4e0a\u5834\u4f01\u696d\u306b\u5bfe\u3057\u300c\u8cc7\u672c\u30b3\u30b9\u30c8\u3084\u682a\u4fa1\u3092\u610f\u8b58\u3057\u305f\u7d4c\u55b6\u306e\u5b9f\u73fe\u306b\u5411\u3051\u305f\u5bfe\u5fdc\u300d\u3092\u5f37\u304f\u8981\u8acb\u3057\u3066\u304d\u307e\u3057\u305f\u3002<\/span><span>\u9577\u5e74\u3001<\/span><span>\u65e5\u672c\u4f01\u696d\u306f\u4ee5\u4e0b\u306e\u3088\u3046\u306a\u60aa\u7fd2\u306b\u9665\u3063\u3066\u3044\u307e\u3057\u305f\u3002<\/span><\/p>\n<ul data-path-to-node=\"117\">\n<li>\n<p data-path-to-node=\"117,0,0\"><span>\u300c\u7a3c\u3044\u3060\u73fe\u91d1\u3092\u5c06\u6765\u306e\u4e0d\u5b89\u306e\u305f\u3081\u306b\u3072\u305f\u3059\u3089\u5185\u90e8\u7559\u4fdd\uff08\u73fe\u9810\u91d1\uff09\u3068\u3057\u3066\u6e9c\u3081\u8fbc\u3080\u300d<\/span><\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"117,1,0\"><span>\u300c\u682a\u4fa1\u3084PBR\uff08\u682a\u4fa1\u7d14\u8cc7\u7523\u500d\u7387\uff09\u3001<\/span><span>ROE\u3092\u610f\u8b58\u305b\u305a\u3001<\/span><span>\u8cc7\u672c\u3092\u975e\u52b9\u7387\u306b\u653e\u7f6e\u3059\u308b\u300d<\/span><\/p>\n<\/li>\n<\/ul>\n<p data-path-to-node=\"118\"><span>\u3053\u306e\u7d50\u679c\u3001<\/span><span>\u65e5\u672c\u4f01\u696d\u306e\u534a\u6570\u8fd1\u304f\u304cPBR1\u500d\u5272\u308c\uff08\u89e3\u6563\u4fa1\u5024\u3092\u4e0b\u56de\u308b\u8a55\u4fa1\uff09\u306b\u653e\u7f6e\u3055\u308c\u3001<\/span><span>\u6d77\u5916\u306e\u6a5f\u95a2\u6295\u8cc7\u5bb6\u304b\u3089\u898b\u653e\u3055\u308c\u3066\u3044\u307e\u3057\u305f\u3002<\/span><\/p>\n<h3 data-path-to-node=\"119\">2. \u300c\u30ad\u30e3\u30c3\u30b7\u30e5\u30ea\u30c3\u30c1\u4f01\u696d\u300d\u304b\u3089\u300c\u771f\u306e\u8cc7\u672c\u52b9\u7387\u4f01\u696d\u300d\u3078\u306e\u8131\u76ae<\/h3>\n<p data-path-to-node=\"120\"><span>\u30b7\u30b9\u30c6\u30ca\u306f\u7121\u501f\u91d1\u3067\u73fe\u9810\u91d1\u3092300\u5104\u5186\u8fd1\u304f\u62b1\u3048\u308b\u8d85\u512a\u826f\u4f01\u696d\u3067\u3057\u305f\u304c\u3001<\/span><span>\u898b\u65b9\u3092\u5909\u3048\u308c\u3070\u300c\u73fe\u91d1\u3092\u6e9c\u3081\u8fbc\u307f\u3059\u304e\u3066\u304a\u308a\u3001<\/span><span>\u8cc7\u672c\u3092\u904a\u3070\u305b\u3066\u3044\u308b\uff08\u8cc7\u672c\u30b3\u30b9\u30c8\u306b\u898b\u5408\u3046\u6d3b\u7528\u304c\u3067\u304d\u3066\u3044\u306a\u3044\uff09\u300d\u3068\u3044\u3046\u6279\u5224\u306e\u5bfe\u8c61\u306b\u306a\u308a\u5f97\u308b\u72b6\u614b\u3067\u3057\u305f\u3002<\/span><\/p>\n<p data-path-to-node=\"121\"><span>\u4eca\u56de\u306e100\u5104\u5186\u306e\u81ea\u793e\u682a\u8cb7\u3044\u306810%\u6d88\u5374\u306f\u3001<\/span><span>\u3053\u3046\u3057\u305f\u6771\u8a3c\u306e\u8981\u8acb\u3084\u30b0\u30ed\u30fc\u30d0\u30eb\u6295\u8cc7\u5bb6\u306e\u8996\u7dda\u306b\u5bfe\u3059\u308b\u3001<\/span><span>\u30b7\u30b9\u30c6\u30ca\u7d4c\u55b6\u9663\u306e\u660e\u78ba\u306a\u300c\u56de\u7b54\u300d\u3067\u3059\u3002<\/span><span> \u300c\u4f59\u5270\u3068\u306a\u3063\u305f\u73fe\u91d1\u306f\u7121\u99c4\u306b\u62b1\u3048\u8fbc\u307e\u305a\u3001<\/span><span>\u5e02\u5834\u306b\u9084\u5143\u3057\u3066\u767a\u884c\u682a\u5f0f\u3092\u6e1b\u3089\u3057\u3001<\/span><span>ROE\u3092\u5f15\u304d\u4e0a\u3052\u308b\u300d\u3002<\/span><span>\u307e\u3055\u306b\u73fe\u4ee3\u306e\u65e5\u672c\u4f01\u696d\u304c\u76ee\u6307\u3059\u3079\u304d\u8cc7\u672c\u653f\u7b56\u306e\u6559\u79d1\u66f8\u901a\u308a\u306e\u30a2\u30af\u30b7\u30e7\u30f3\u3068\u8a00\u3048\u307e\u3059\u3002<\/span><\/p>\n<h2 data-path-to-node=\"123\">\u7d50\u3073\uff1a\u306a\u305c\u79c1\u305f\u3061\u306f\u91d1\u878d\u3084\u6295\u8cc7\u306e\u77e5\u8b58\u3092\u5b66\u3076\u3079\u304d\u306a\u306e\u304b<\/h2>\n<p data-path-to-node=\"124\"><span>\u30b7\u30b9\u30c6\u30ca\u3068\u3044\u30461\u3064\u306e\u4f01\u696d\u306e\u30cb\u30e5\u30fc\u30b9\u3092\u5165\u308a\u53e3\u306b\u3001<\/span><span>\u640d\u76ca\u8a08\u7b97\u66f8\u3001<\/span><span>\u8cb8\u501f\u5bfe\u7167\u8868\u3001<\/span><span>EPS\u3001<\/span><span>ROE\u3001<\/span><span>\u5e02\u5834\u306e\u9700\u7d66\u3001<\/span><span>\u6771\u8a3c\u6539\u9769\u306b\u81f3\u308b\u307e\u3067\u591a\u89d2\u7684\u306b\u89e3\u8aac\u3057\u3066\u304d\u307e\u3057\u305f\u3002<\/span><\/p>\n<p data-path-to-node=\"125\"><span>\u6700\u5f8c\u306b\u3001<\/span><span>\u306a\u305c\u30d3\u30b8\u30cd\u30b9\u30d1\u30fc\u30bd\u30f3\u3084\u500b\u4eba\u304c\u3001<\/span><span>\u3053\u3046\u3057\u305f\u300c\u91d1\u878d\u3084\u6295\u8cc7\u306e\u77e5\u8b58\uff08\u30d5\u30a1\u30a4\u30ca\u30f3\u30b7\u30e3\u30eb\u30fb\u30ea\u30c6\u30e9\u30b7\u30fc\uff09\u300d\u3092\u4f53\u7cfb\u7684\u306b\u5b66\u3076\u5fc5\u8981\u304c\u3042\u308b\u306e\u304b\u3001<\/span><span>\u305d\u306e\u672c\u8cea\u7684\u306a\u91cd\u8981\u6027\u306b\u3064\u3044\u3066\u304a\u4f1d\u3048\u3057\u307e\u3059\u3002<\/span><\/p>\n<h3 data-path-to-node=\"127\">1. \u30cb\u30e5\u30fc\u30b9\u306e\u300c\u898b\u51fa\u3057\u300d\u306b\u60d1\u308f\u3055\u308c\u305a\u3001\u672c\u8cea\u3092\u81ea\u3089\u898b\u629c\u304f\u529b<\/h3>\n<p data-path-to-node=\"128\"><span>\u91d1\u878d\u77e5\u8b58\u3092\u6301\u305f\u306a\u3044\u4eba\u306f\u3001<\/span><span>\u30cb\u30e5\u30fc\u30b9\u306e\u898b\u51fa\u3057\u3092\u898b\u3066\u300c100\u5104\u5186\u4f7f\u3046\u306e\u304b\u3001<\/span><span>\u5927\u4e08\u592b\u304b\u306a\uff1f\u300d\u300c10%\u6d88\u5374\u3063\u3066\u4f55\u304c\u6d88\u3048\u308b\u306e\uff1f\u300d\u3068\u3044\u3063\u305f\u8868\u9762\u7684\u306a\u5370\u8c61\u3067\u7d42\u308f\u3063\u3066\u3057\u307e\u3044\u307e\u3059\u3002<\/span><\/p>\n<p data-path-to-node=\"129\"><span>\u3057\u304b\u3057\u3001<\/span><span>\u8ca1\u52d9\u3084\u8cc7\u672c\u653f\u7b56\u306e\u30e1\u30ab\u30cb\u30ba\u30e0\u3092\u6b63\u3057\u304f\u7406\u89e3\u3057\u3066\u3044\u308b\u4eba\u306f\u3001<\/span><span>\u540c\u3058\u30cb\u30e5\u30fc\u30b9\u304b\u3089\u5168\u304f\u7570\u306a\u308b\u666f\u8272\u3092\u898b\u3066\u3044\u307e\u3059\u3002<\/span><\/p>\n<ul data-path-to-node=\"130\">\n<li>\n<p data-path-to-node=\"130,0,0\"><span>\u300c\u624b\u5143\u306e\u73fe\u9810\u91d1298\u5104\u5186\u306b\u5bfe\u3057\u3066100\u5104\u5186\u306a\u3089\u3001<\/span><span>\u8ca1\u52d9\u5b89\u5168\u6027\u306f\u5168\u304f\u63fa\u3089\u304c\u306a\u3044\u300d<\/span><\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"130,1,0\"><span>\u300c\u672c\u696d\u306e\u55b6\u696d\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u304c\u5e74100\u5104\u5186\u4ee5\u4e0a\u3042\u308b\u304b\u3089\u3001<\/span><span>\u5b9f\u8cea1\u5e74\u3067\u8cc7\u91d1\u306f\u56de\u53ce\u3067\u304d\u308b\u300d<\/span><\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"130,2,0\"><span>\u300c\u767a\u884c\u6e08\u307f\u306e10%\u6d88\u5374\u3068\u3044\u3046\u3053\u3068\u306f\u3001<\/span><span>EPS\u304c\u7d047%\u5e95\u4e0a\u3052\u3055\u308c\u3001<\/span><span>\u5e0c\u8584\u5316\u30ea\u30b9\u30af\u3082\u5b8c\u5168\u306b\u6d88\u3048\u308b\u300d<\/span><\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"130,3,0\"><span>\u300c\u65e5\u3005\u306e\u51fa\u6765\u9ad8\u306e7\u301c9%\u306e\u8cb7\u3044\u9700\u8981\u304c\u5165\u308b\u304b\u3089\u3001<\/span><span>\u5411\u3053\u30461\u5e74\u9593\u306f\u9700\u7d66\u304c\u6975\u3081\u3066\u5f37\u3044\u300d<\/span><\/p>\n<\/li>\n<\/ul>\n<p data-path-to-node=\"131\"><span>\u540c\u3058\u60c5\u5831\u306b\u89e6\u308c\u3066\u3044\u3066\u3082\u3001<\/span><b data-path-to-node=\"131\" data-index-in-node=\"12\">\u77e5\u8b58\u306e\u6709\u7121\u306b\u3088\u3063\u3066\u5f97\u3089\u308c\u308b\u89e3\u50cf\u5ea6\u3068\u610f\u601d\u6c7a\u5b9a\u306e\u7cbe\u5ea6\u306f\u5929\u3068\u5730\u307b\u3069\u5909\u308f\u308a\u307e\u3059<\/b><span>\u3002<\/span><span>\u3053\u308c\u306f\u682a\u5f0f\u6295\u8cc7\u3067\u5229\u76ca\u3092\u4e0a\u3052\u308b\u305f\u3081\u3060\u3051\u3067\u306a\u304f\u3001<\/span><span>\u53d6\u5f15\u5148\u306e\u7d4c\u55b6\u72b6\u614b\u3092\u898b\u6975\u3081\u308b\u30d3\u30b8\u30cd\u30b9\u306e\u73fe\u5834\u3084\u3001<\/span><span>\u81ea\u793e\u306e\u4e8b\u696d\u8a08\u753b\u3092\u8a55\u4fa1\u3059\u308b\u4e0a\u3067\u3082\u6700\u5f37\u306e\u6b66\u5668\u306b\u306a\u308a\u307e\u3059\u3002<\/span><\/p>\n<h3 data-path-to-node=\"132\" class=\"\">2. \u30a4\u30f3\u30d5\u30ec\u3068\u8cc7\u672c\u4e3b\u7fa9\u306e\u30eb\u30fc\u30eb\u3092\u7406\u89e3\u3059\u308b<\/h3>\n<p data-path-to-node=\"133\"><span>\u73fe\u4ee3\u306e\u65e5\u672c\u306f\u3001<\/span><span>\u9577\u5e74\u7d9a\u3044\u305f\u30c7\u30d5\u30ec\u304c\u7d42\u308f\u308a\u3001<\/span><span>\u30e2\u30ce\u3084\u30b5\u30fc\u30d3\u30b9\u306e\u5024\u6bb5\u304c\u4e0a\u304c\u308a\u7d9a\u3051\u308b\u300c\u30a4\u30f3\u30d5\u30ec\u306e\u6642\u4ee3\u300d\u3078\u3068\u5b8c\u5168\u306b\u7a81\u5165\u3057\u307e\u3057\u305f\u3002<\/span><\/p>\n<p data-path-to-node=\"134\"><span>\u30a4\u30f3\u30d5\u30ec\u306e\u6642\u4ee3\u306b\u304a\u3044\u3066\u3001<\/span><b class=\"\" data-path-to-node=\"134\" data-index-in-node=\"12\">\u9280\u884c\u53e3\u5ea7\u306b\u73fe\u91d1\u3092\u305d\u306e\u307e\u307e\u7720\u3089\u305b\u3066\u304a\u304f\u3053\u3068\u306f\u3001\u5b9f\u8cea\u7684\u306a\u8cc7\u7523\u306e\u76ee\u6e1b\u308a\uff08\u8cfc\u8cb7\u529b\u306e\u4f4e\u4e0b\uff09<b data-path-to-node=\"134\" data-index-in-node=\"52\">\u3092\u610f\u5473\u3057\u307e\u3059\u3002 \u8cc7\u672c\u4e3b\u7fa9\u793e\u4f1a\u306b\u306f\u660e\u78ba\u306a\u539f\u5247\u304c\u3042\u308a\u307e\u3059\u3002\u7d4c\u6e08\u5b66\u8005\u30c8\u30de\u30fb\u30d4\u30b1\u30c6\u30a3\u304c\u63d0\u5531\u3057\u305f\u6709\u540d\u306a\u4e0d\u7b49\u5f0f<\/b>\u300c<span class=\"math-inline\" data-math=\"r &gt; g\" data-index-in-node=\"102\">r &gt; g<\/span>\u300d<b data-path-to-node=\"134\" data-index-in-node=\"108\">\u304c\u793a\u3059\u901a\u308a\u3001<\/b>\u300c\u8cc7\u672c\u306e\u53ce\u76ca\u7387\uff08<span class=\"math-inline\" data-math=\"r\" data-index-in-node=\"122\">r<\/span>\uff1a\u682a\u5f0f\u3084\u4e0d\u52d5\u7523\u304b\u3089\u5f97\u3089\u308c\u308b\u30ea\u30bf\u30fc\u30f3\uff09\u300d\u306f\u3001\u5e38\u306b\u300c\u7d4c\u6e08\u6210\u9577\u7387\u30fb\u52b4\u50cd\u8cc3\u91d1\u306e\u4f38\u3073\u7387\uff08<span class=\"math-inline\" data-math=\"g\" data-index-in-node=\"162\">g<\/span>\uff09\u300d\u3092\u4e0a\u56de\u308a\u307e\u3059<\/b><span class=\"\">\u3002<\/span><\/p>\n<p data-path-to-node=\"135\"><span class=\"\">\u5bcc\u3092\u751f\u307f\u51fa\u3059\u306e\u306f\u300c\u73fe\u91d1\u306e\u5c71\u300d\u3067\u306f\u306a\u304f\u3001<\/span><span>\u300c\u9ad8\u3044\u5229\u76ca\u7387\u3068\u512a\u308c\u305f\u30d3\u30b8\u30cd\u30b9\u30e2\u30c7\u30eb\u3092\u6301\u3061\u3001<\/span><span>\u8cc7\u672c\u3092\u52b9\u7387\u7684\u306b\u56de\u8ee2\u3055\u305b\u3066\u4fa1\u5024\u3092\u5897\u6b96\u3055\u305b\u308b\u4f01\u696d\uff08\u8cc7\u672c\uff09\u300d\u3067\u3059\u3002<\/span><span>\u30b7\u30b9\u30c6\u30ca\u304c\u4f59\u5270\u73fe\u91d1\u3092\u62b1\u3048\u8fbc\u307e\u305a\u306b\u81ea\u793e\u682a\u8cb7\u3044\u3092\u884c\u3063\u3066ROE\u3092\u9ad8\u3081\u3088\u3046\u3068\u3057\u305f\u306e\u3068\u540c\u69d8\u306b\u3001<\/span><span>\u500b\u4eba\u3082\u307e\u305f\u3001<\/span><span>\u81ea\u5206\u81ea\u8eab\u306e\u8cc7\u7523\u3092\u9069\u5207\u306b\u30b3\u30f3\u30c8\u30ed\u30fc\u30eb\u3057\u3001<\/span><span>\u6210\u9577\u3059\u308b\u8cc7\u672c\u306b\u6295\u8cc7\u3057\u3066\u3044\u304f\u59ff\u52e2\u304c\u6c42\u3081\u3089\u308c\u3066\u3044\u307e\u3059\u3002<\/span><\/p>\n<h3 data-path-to-node=\"136\">3. \u30ea\u30c6\u30e9\u30b7\u30fc\u306f\u81ea\u5206\u3068\u5bb6\u65cf\u3092\u5b88\u308b\u300c\u76fe\u300d\u3067\u3042\u308a\u300c\u7ffc\u300d\u3067\u3042\u308b<\/h3>\n<p data-path-to-node=\"137\"><span>\u91d1\u878d\u77e5\u8b58\u3092\u5b66\u3076\u3053\u3068\u306f\u3001<\/span><span>\u4e00\u652b\u5343\u91d1\u3092\u72d9\u3046\u30ae\u30e3\u30f3\u30d6\u30eb\u306e\u6280\u8853\u3092\u8eab\u306b\u3064\u3051\u308b\u3053\u3068\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002<\/span><\/p>\n<ul data-path-to-node=\"138\">\n<li>\n<p data-path-to-node=\"138,0,0\"><span>\u4f01\u696d\u306e\u30d3\u30b8\u30cd\u30b9\u30e2\u30c7\u30eb\u3092\u6b63\u3057\u304f\u8a55\u4fa1\u3059\u308b\u773c\u3092\u990a\u3046\u3053\u3068<\/span><\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"138,1,0\"><span>\u8907\u5229\u306e\u529b\u3092\u5473\u65b9\u306b\u3064\u3051\u3066\u9577\u671f\u7684\u306a\u8cc7\u7523\u5f62\u6210\u3092\u884c\u3046\u3053\u3068<\/span><\/p>\n<\/li>\n<li>\n<p 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