{"id":1277,"date":"2022-03-23T06:31:39","date_gmt":"2022-03-22T21:31:39","guid":{"rendered":"https:\/\/1up-life.blog\/?p=1277"},"modified":"2022-03-23T06:31:39","modified_gmt":"2022-03-22T21:31:39","slug":"%e3%80%90%e7%bf%bb%e8%a8%b3%e3%80%91%e3%82%ab%e3%83%bc%e3%83%8b%e3%83%90%e3%83%ab%e3%83%bb%e3%82%b3%e3%83%bc%e3%83%9d%e3%83%ac%e3%83%bc%e3%82%b7%e3%83%a7%e3%83%b3-nyseccl-2022%e5%b9%b4%e7%ac%ac1","status":"publish","type":"post","link":"https:\/\/1up-life.blog\/?p=1277","title":{"rendered":"\u3010\u7ffb\u8a33\u3011\u30ab\u30fc\u30cb\u30d0\u30eb\u30fb\u30b3\u30fc\u30dd\u30ec\u30fc\u30b7\u30e7\u30f3 ( NYSE:CCL )2022\u5e74\u7b2c1\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a"},"content":{"rendered":"<p>\u30ab\u30fc\u30cb\u30d0\u30eb\u30fb\u30b3\u30fc\u30dd\u30ec\u30fc\u30b7\u30e7\u30f3 ( NYSE:CCL )2022\u5e74\u7b2c1\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a\u306e\u65e5\u672c\u8a9e\u8a33\u3067\u3059\u3002<\/p>\n<p>\u30aa\u30df\u30af\u30ed\u30f3\u682a\u3084\u30a6\u30af\u30e9\u30a4\u30ca\u6226\u4e89\u3001\u539f\u6cb9\u9ad8\u3001\u4eba\u4ef6\u8cbb\u9ad8\u9a30\u306a\u3069\u30de\u30a4\u30ca\u30b9\u8981\u56e0\u3082\u591a\u304f\u3042\u308a\u307e\u3057\u305f\u304c\u4eca\u5f8c\u306e\u9700\u8981\u304c\u3069\u306e\u3088\u3046\u306b\u306a\u3063\u3066\u3044\u308b\u304b\u3060\u3068\u601d\u3063\u3066\u307e\u3059\u3002<\/p>\n<p>\u30ed\u30b7\u30a2\u306b\u5bc4\u6e2f\u3059\u308b\u4e88\u5b9a\u306f4.6%\u3057\u304b\u306a\u304f\u3059\u3067\u306b\u5b8c\u5168\u64a4\u9000\u3092\u6c7a\u3081\u4ee3\u66ff\u5bc4\u6e2f\u5148\u3082\u898b\u3064\u3051\u3066\u3044\u308b\u3088\u3046\u306a\u306e\u3067\u5b89\u5fc3\u3067\u3059\u3002\u4e88\u7d04\u3082\u597d\u8abf\u306e\u69d8\u306a\u306e\u3067\u6c17\u9577\u306b\u682a\u4fa1\u304c\u4e0a\u304c\u3063\u3066\u3044\u304f\u306e\u3092\u5f85\u3064\u65b9\u91dd\u3067\u3059\u3002<\/p>\n<div id=\"attachment_1278\" style=\"width: 1488px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1278\" class=\"wp-image-1278 size-full\" src=\"https:\/\/1up-life.blog\/wp-content\/uploads\/2022\/03\/CCL_2022-03-23_06-30-12.png\" alt=\"\u30ab\u30fc\u30cb\u30d0\u30eb\u30fb\u30b3\u30fc\u30dd\u30ec\u30fc\u30b7\u30e7\u30f3 ( NYSE:CCL )\u682a\u4fa1\" width=\"1478\" height=\"820\" srcset=\"https:\/\/1up-life.blog\/wp-content\/uploads\/2022\/03\/CCL_2022-03-23_06-30-12.png 1478w, https:\/\/1up-life.blog\/wp-content\/uploads\/2022\/03\/CCL_2022-03-23_06-30-12-300x166.png 300w, https:\/\/1up-life.blog\/wp-content\/uploads\/2022\/03\/CCL_2022-03-23_06-30-12-1024x568.png 1024w, https:\/\/1up-life.blog\/wp-content\/uploads\/2022\/03\/CCL_2022-03-23_06-30-12-768x426.png 768w, https:\/\/1up-life.blog\/wp-content\/uploads\/2022\/03\/CCL_2022-03-23_06-30-12-940x522.png 940w\" sizes=\"auto, (max-width: 1478px) 100vw, 1478px\" \/><p id=\"caption-attachment-1278\" class=\"wp-caption-text\">\u30ab\u30fc\u30cb\u30d0\u30eb\u30fb\u30b3\u30fc\u30dd\u30ec\u30fc\u30b7\u30e7\u30f3 ( NYSE:CCL )\u682a\u4fa1<\/p><\/div>\n<p>\u524d\u56de\u306e<a href=\"https:\/\/1up-life.blog\/?p=967\">2021\u5e74\u7b2c4\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a\u306f\u3053\u3061\u3089<\/a>\u3067\u3059\u3002<\/p>\n<p class=\"hh hh3 main-bdr\"><span class=\"big\"><strong>\u30ab\u30fc\u30cb\u30d0\u30eb\u30fb\u30b3\u30fc\u30dd\u30ec\u30fc\u30b7\u30e7\u30f3 ( NYSE:CCL )2022\u5e74\u7b2c1\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a<\/strong><\/span><\/p>\n<p>2022\u5e743\u670822\u65e5\u5348\u524d10\u664200\u5206<\/p>\n<p>Call participants:<br \/>\nArnoldDonald<br \/>\nDavid Bernstein &#8212; Chief Financial Officer<br \/>\nRobin Farley &#8212; UBS &#8212; Analyst<br \/>\nDavidBernstein &#8212; Chief Financial Officer<br \/>\nRobinFarley &#8212; UBS &#8212; Analyst<br \/>\nSteve Wieczynski &#8212; Stifel Financial Corp. &#8212; Analyst<br \/>\nJames Hardiman &#8212; Citi &#8212; Analyst<br \/>\nAssia Georgieva &#8212; Infinity Research &#8212; Analyst<br \/>\nStuart Gordon &#8212; Berenberg Capital Markets &#8212; Analyst<br \/>\nFred Wightman &#8212; Wolfe Research &#8212; Analyst<br \/>\nMore CCL analysis<\/p>\n<p>\u30a2\u30fc\u30ce\u30eb\u30c9\u30c9\u30ca\u30eb\u30c9<\/p>\n<p>\u304a\u306f\u3088\u3046\u3054\u3056\u3044\u307e\u3059\u3001\u30d3\u30b8\u30cd\u30b9\u30fb\u30a2\u30c3\u30d7\u30c7\u30fc\u30c8\u30fb\u30ab\u30f3\u30d5\u30a1\u30ec\u30f3\u30b9\u30fb\u30b3\u30fc\u30eb\u3078\u3088\u3046\u3053\u305d\u3002\u79c1\u306f\u30ab\u30fc\u30cb\u30d0\u30eb\u30fb\u30b3\u30fc\u30dd\u30ec\u30fc\u30b7\u30e7\u30f3\uff06plc\u306e\u793e\u9577\u517cCEO\u306e\u30a2\u30fc\u30ce\u30eb\u30c9\u30fb\u30c9\u30ca\u30eb\u30c9\u3067\u3059\u3002\u672c\u65e5\u306f\u3001\u4f1a\u9577\u306e\u30df\u30c3\u30ad\u30fc\u30fb\u30a2\u30ea\u30bd\u30f3\u3001\u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005\u306e\u30c7\u30fc\u30d3\u30c3\u30c9\u30fb\u30d0\u30fc\u30f3\u30b9\u30bf\u30a4\u30f3\u3001\u305d\u3057\u3066IR\u62c5\u5f53\u4e0a\u7d1a\u526f\u793e\u9577\u306e\u30d9\u30b9\u30fb\u30ed\u30d0\u30fc\u30c4\u3068\u4e00\u7dd2\u306b\u304a\u96fb\u8a71\u3067\u304a\u8a71\u3055\u305b\u3066\u3044\u305f\u3060\u304d\u307e\u3059\u3002\u4eca\u671d\u306f\u304a\u96c6\u307e\u308a\u3044\u305f\u3060\u304d\u3001\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002<\/p>\n<p>\u3053\u306e\u96fb\u8a71\u4f1a\u8b70\u3067\u306e\u767a\u8a00\u306f\u3001\u5c06\u6765\u306b\u5bfe\u3059\u308b\u898b\u901a\u3057\u3067\u3042\u308b\u3053\u3068\u306b\u3054\u7559\u610f\u304f\u3060\u3055\u3044\u3002\u3053\u306e\u305f\u3081\u3001\u672c\u65e5\u306e\u30d7\u30ec\u30b9\u30ea\u30ea\u30fc\u30b9\u306b\u8a18\u8f09\u3055\u308c\u3066\u3044\u308b\u6ce8\u610f\u4e8b\u9805\u3092\u3054\u53c2\u7167\u304f\u3060\u3055\u3044\u3002\u30a2\u30c3\u30d7\u30c7\u30fc\u30c8\u306e\u8a73\u7d30\u306b\u5165\u308b\u524d\u306b\u3001\u307e\u305a\u3001\u30a6\u30af\u30e9\u30a4\u30ca\u4fb5\u653b\u306e\u5f71\u97ff\u3092\u53d7\u3051\u305f\u3059\u3079\u3066\u306e\u4eba\u3005\u306b\u5fc3\u3092\u5bc4\u305b\u3066\u3044\u308b\u3053\u3068\u3092\u304a\u4f1d\u3048\u3057\u305f\u3044\u3068\u601d\u3044\u307e\u3059\u3002\u79c1\u305f\u3061\u30ab\u30fc\u30cb\u30d0\u30eb\u30fb\u30d5\u30a1\u30df\u30ea\u30fc\u306e\u4f55\u5343\u4eba\u3082\u306e\u30e1\u30f3\u30d0\u30fc\u304c\u76f4\u63a5\u5f71\u97ff\u3092\u53d7\u3051\u3001\u73fe\u5730\u306b\u611b\u3059\u308b\u4eba\u304c\u3044\u308b\u3053\u3068\u3092\u79c1\u306f\u77e5\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u79c1\u305f\u3061\u306f\u3001\u4e16\u754c\u4e2d\u306e\u4eba\u3005\u3068\u3068\u3082\u306b\u3001\u5e73\u548c\u7684\u89e3\u6c7a\u3092\u7948\u3063\u3066\u3044\u307e\u3059\u3002\u3055\u3066\u3001\u79c1\u305f\u3061\u306e\u30d3\u30b8\u30cd\u30b9\u306b\u3064\u3044\u3066\u3067\u3059\u3002\u30af\u30eb\u30fc\u30ba\u306e\u30d5\u30eb\u30aa\u30da\u30ec\u30fc\u30b7\u30e7\u30f3\u3078\u306e\u5fa9\u5e30\u306f\u9806\u8abf\u306b\u9032\u3093\u3067\u304a\u308a\u3001\u5b9a\u54e1\u306e4\u5206\u306e3\u304c\u30b2\u30b9\u30c8\u30aa\u30da\u30ec\u30fc\u30b7\u30e7\u30f3\u3092\u518d\u958b\u3057\u3001\u590f\u671f\u306b\u306f\u6b8b\u308a\u306e\u8239\u968a\u3082\u5fa9\u5e30\u3055\u305b\u308b\u4e88\u5b9a\u3067\u3059\u3002COVID-19\u306e\u8a71\u984c\u306f\u3060\u3044\u3076\u6e1b\u308a\u307e\u3057\u305f\u304c\u3001\u307e\u3060\u307e\u3060\u7a4d\u6975\u7684\u306b\u904b\u55b6\u3057\u306a\u3051\u308c\u3070\u306a\u308a\u307e\u305b\u3093\u3057\u3001\u6210\u529f\u3055\u305b\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u30d7\u30ed\u30c8\u30b3\u30eb\u3092\u5f37\u5316\u3057\u305f\u3053\u3068\u3067\u3001\u9678\u4e0a\u3088\u308a\u3082\u306f\u308b\u304b\u306b\u4f4e\u3044\u4e8b\u6545\u7387\u3067\u3001\u6700\u3082\u5b89\u5168\u306a\u793e\u4ea4\u30fb\u65c5\u884c\u30d5\u30a1\u30fc\u30e0\u306e\u3072\u3068\u3064\u306b\u306a\u308a\u307e\u3057\u305f\u3002\u5b9f\u969b\u3001\u30ac\u30b9\u64cd\u696d\u3092\u518d\u958b\u3057\u3066\u4ee5\u6765\u3001200\u4e07\u4eba\u4ee5\u4e0a\u3092\u904b\u3093\u3067\u3044\u307e\u3059\u3002\u30b2\u30b9\u30c8\u306f\u7d20\u6674\u3089\u3057\u3044\u4f11\u6687\u3092\u697d\u3057\u3093\u3067\u304a\u308a\u3001\u79c1\u305f\u3061\u306f\u6b74\u53f2\u7684\u306b\u9ad8\u3044\u30b2\u30b9\u30c8\u6e80\u8db3\u5ea6\u3092\u4eab\u53d7\u3057\u3066\u3044\u307e\u3059\u3002\u3082\u3061\u308d\u3093\u3001\u79c1\u305f\u3061\u306e\u6700\u5927\u306e\u8cac\u4efb\u3001\u3057\u305f\u304c\u3063\u3066\u6700\u512a\u5148\u4e8b\u9805\u306f\u3001\u30b3\u30f3\u30d7\u30e9\u30a4\u30a2\u30f3\u30b9\u3001\u74b0\u5883\u4fdd\u8b77\u3001\u305d\u3057\u3066\u3059\u3079\u3066\u306e\u4eba\u306e\u5065\u5eb7\u3001\u5b89\u5168\u3001\u5e78\u798f\u3001\u304a\u5ba2\u69d8\u3001\u79c1\u305f\u3061\u304c\u95a2\u308f\u308b\u4eba\u3005\u3084\u5730\u57df\u793e\u4f1a\u3001\u305d\u3057\u3066\u3082\u3061\u308d\u3093\u30ab\u30fc\u30cb\u30d0\u30eb\u30fb\u30d5\u30a1\u30df\u30ea\u30fc\u3001\u8239\u4e0a\u3068\u9678\u4e0a\u306e\u30c1\u30fc\u30e0\u30e1\u30f3\u30d0\u30fc\u3067\u3042\u308b\u3053\u3068\u3092\u898b\u5931\u308f\u306a\u3044\u3053\u3068\u3067\u3059\u3002<\/p>\n<p>\u79c1\u306f\u307e\u305a\u3001\u30ab\u30fc\u30cb\u30d0\u30eb\u30fb\u30c1\u30fc\u30e0\u306e\u30e1\u30f3\u30d0\u30fc\u306e\u591a\u5927\u306a\u8ca2\u732e\u306b\u3088\u308a\u3001\u591a\u304f\u306e\u56f0\u96e3\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u4eca\u65e5\u306b\u81f3\u3063\u3066\u3044\u308b\u3053\u3068\u306b\u5fc3\u304b\u3089\u611f\u8b1d\u3057\u305f\u3044\u3068\u601d\u3044\u307e\u3059\u3002\u305d\u306e\u7d50\u679c\u3001\u3053\u308c\u307e\u3067\u306b64\u96bb\u306e\u8239\u3092\u30b2\u30b9\u30c8\u306b\u904b\u822a\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u30017\u4e07\u4eba\u4ee5\u4e0a\u306e\u30af\u30eb\u30fc\u304c\u5065\u5eb7\u3067\u5e78\u305b\u306b\u4ed5\u4e8b\u306b\u5fa9\u5e30\u3057\u3001\u30ef\u30af\u30c1\u30f3\u306e\u78ba\u4fdd\u3068\u914d\u5e03\u306b\u591a\u5927\u306a\u52aa\u529b\u3092\u6255\u3063\u305f\u3053\u3068\u3001\u904b\u822a\u518d\u958b\u5f8c\u306b\u7d04\u534a\u6570\u306e\u30b2\u30b9\u30c8\u304c\u4f53\u9a13\u3057\u305f\u30018\u3064\u306e\u81ea\u793e\u904b\u822a\u30c7\u30b9\u30c6\u30a3\u30cd\u30fc\u30b7\u30e7\u30f3\u3068\u6e2f\u6e7e\u65bd\u8a2d\u306e\u518d\u958b\uff08\u30d7\u30ea\u30f3\u30bb\u30b9\u30b1\u30a4\u3001\u30cf\u30fc\u30d5\u30e0\u30fc\u30f3\u30b1\u30a4\u3001\u30b0\u30e9\u30f3\u30c9\u30bf\u30fc\u30af\u3001\u30de\u30db\u30ac\u30cb\u30fc\u30d9\u30a4\u3001\u30a2\u30f3\u30d0\u30fc\u30b3\u30fc\u30d6\u3001\u30b3\u30ba\u30e1\u30eb\u3001\u30b5\u30f3\u30bf\u30af\u30eb\u30b9\u30c7\u30c6\u30cd\u30ea\u30d5\u30a7\u3001\u304a\u3088\u3073\u30d0\u30eb\u30bb\u30ed\u30ca\uff09\u304c\u53ef\u80fd\u306b\u306a\u308a\u3001\u6700\u3082\u91cd\u8981\u3067\u3042\u308b2\uff0e \u307e\u305f\u3001\u91cd\u8981\u306a\u3053\u3068\u3068\u3057\u3066\u3001200\u4e07\u4ef6\u306e\u697d\u3057\u3044\u30d0\u30b1\u30fc\u30b7\u30e7\u30f3\u3092\u63d0\u4f9b\u3057\u3001\u305d\u306e\u6570\u306f\u4eca\u3082\u7d9a\u3044\u3066\u3044\u307e\u3059\u3002\u540c\u6642\u306b\u3001\u55b6\u696d\u30b3\u30b9\u30c8\u3092\u524a\u6e1b\u3057\u30012020\u5e74\u534a\u3070\u304b\u3089\u6bce\u6708\u306e\u8abf\u6574\u5f8cEBITDA\u640d\u5931\u309240\uff05\u524a\u6e1b\u3057\u3001\u7d99\u7d9a\u7684\u306b290\u5104\u30c9\u30eb\u3092\u8d85\u3048\u308b\u8cc7\u91d1\u8abf\u9054\u3092\u5b8c\u4e86\u3057\u300190\u5104\u30c9\u30eb\u4ee5\u4e0a\u306e\u8ca0\u50b5\u3092\u501f\u308a\u63db\u3048\u3001\u91d1\u5229\u3092\u6539\u5584\u3057\u3001100\u4ee5\u4e0a\u306e\u7570\u306a\u308b\u8cb8\u3057\u624b\u5951\u7d04\u3092\u4fee\u6b63\u3057\u30012024\u5e74\u307e\u3067\u306e\u6e80\u671f\u30bf\u30ef\u30fc\u306b\u3046\u307e\u304f\u5bfe\u51e6\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3057\u305f\u3002\u3053\u308c\u3089\u306e\u7d50\u679c\u3001\u6d41\u52d5\u6027\u306f70\u5104\u30c9\u30eb\u3092\u8d85\u3048\u3001\u30b9\u30c6\u30fc\u30af\u30db\u30eb\u30c0\u30fc\u306e\u4fe1\u983c\u5f37\u5316\u306b\u4e0d\u53ef\u6b20\u306a\u3082\u306e\u3068\u306a\u308a\u307e\u3057\u305f\u3002<\/p>\n<p>\u79c1\u305f\u3061\u306e\u898f\u6a21\u304b\u3089\u3059\u308b\u3068\u3001\u3053\u308c\u3089\u306e\u6210\u679c\u306f\u6c7a\u3057\u3066\u5c0f\u3055\u306a\u3053\u3068\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u3057\u304b\u3057\u3001\u30c7\u30eb\u30bf\u3001\u30aa\u30df\u30af\u30ed\u30f3\u3001\u8907\u96d1\u3067\u5236\u7d04\u304c\u591a\u304f\u3001\u7d76\u3048\u305a\u5909\u5316\u3059\u308b\u898f\u5236\u3084\u30d7\u30ed\u30c8\u30b3\u30eb\u3001\u3055\u3089\u306b\u6700\u8fd1\u3067\u306f\u975e\u5e38\u306b\u5384\u4ecb\u306a\u30a6\u30af\u30e9\u30a4\u30ca\u306e\u4fb5\u7565\u306a\u3069\u3001\u5f37\u3044\u9006\u98a8\u306b\u3055\u3089\u3055\u308c\u306a\u304c\u3089\u3082\u3001\u3053\u308c\u3089\u306e\u56f0\u96e3\u306a\u7d4c\u55b6\u8ab2\u984c\u3092\u9054\u6210\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u305f\u306e\u3067\u3059\u3002\u3053\u308c\u3089\u306f\u3059\u3079\u3066\u3001\u6d88\u8cbb\u8005\u306e\u4fe1\u983c\u3092\u640d\u306a\u3044\u3001\u56fd\u5883\u3092\u8d8a\u3048\u305f\u65c5\u884c\u3001\u52b4\u50cd\u3001\u30b5\u30d7\u30e9\u30a4\u30c1\u30a7\u30fc\u30f3\u3001\u65c5\u7a0b\u306e\u8a08\u753b\u306a\u3069\u306b\u5927\u304d\u306a\u6469\u64e6\u3092\u751f\u3058\u3055\u305b\u308b\u3082\u306e\u3067\u3059\u3002\u3055\u3066\u3001\u30a6\u30af\u30e9\u30a4\u30ca\u3078\u306e\u4fb5\u653b\u306b\u3064\u3044\u3066\u3067\u3059\u3002<\/p>\n<p>\u4eca\u5e74\u4e2d\u306b\u30ed\u30b7\u30a2\u306b\u5bc4\u6e2f\u3059\u308b\u4e88\u5b9a\u3060\u3063\u305f4.6%\u306e\u30ad\u30e3\u30d1\u30b7\u30c6\u30a3\u306b\u3064\u3044\u3066\u306f\u3001\u30ed\u30b7\u30a2\u304b\u3089\u306e\u5b8c\u5168\u64a4\u9000\u3092\u6c7a\u5b9a\u3057\u3001\u9b45\u529b\u7684\u306a\u4ee3\u66ff\u6848\u3092\u898b\u3064\u3051\u307e\u3057\u305f\u3002\u3068\u306f\u3044\u3048\u3001\u30b5\u30f3\u30af\u30c8\u30da\u30c6\u30eb\u30d6\u30eb\u30af\u306f\u5f53\u793e\u306b\u3068\u3063\u3066\u91cd\u8981\u306a\u6e2f\u3067\u3057\u305f\u3002\u3053\u308c\u307e\u3067\u3082\u7279\u5b9a\u306e\u65c5\u7a0b\u3092\u63d0\u4f9b\u3067\u304d\u306a\u3044\u3053\u3068\u306f\u3042\u308a\u307e\u3057\u305f\u304c\u3001\u4eca\u56de\u306f\u5bc4\u6e2f\u5730\u304c\u8fd1\u3044\u3053\u3068\u3082\u3042\u308a\u3001\u6700\u8fd1\u306e\u4e88\u7d04\u30d1\u30bf\u30fc\u30f3\u306b\u82e5\u5e72\u306e\u4e71\u308c\u304c\u751f\u3058\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u3057\u304b\u3057\u3001\u79c1\u305f\u3061\u306f50\u5e74\u9593\u3001\u71c3\u6599\u4fa1\u683c\u306e\u9ad8\u9a30\u3001\u6e7e\u5cb8\u6226\u4e89\u3001\u30a2\u30e9\u30d6\u306e\u6625\u30019\u670811\u65e5\u3001\u30a8\u30dc\u30e9\u51fa\u8840\u71b1\u3001\u30b8\u30ab\u71b1\u3001SARS\u3001MERS\u306a\u3069\u3001\u3055\u307e\u3056\u307e\u306a\u9006\u98a8\u3092\u3046\u307e\u304f\u5207\u308a\u629c\u3051\u3001\u4e8b\u696d\u3092\u5c55\u958b\u3057\u3066\u304d\u307e\u3057\u305f\u3002\u305d\u3057\u3066\u4eca\u56de\u3082\u307e\u305f\u3001\u8239\u8236\u306e\u6a5f\u52d5\u6027\u306f\u8cc7\u7523\u3067\u3042\u308a\u7d9a\u3051\u3066\u3044\u307e\u3059\u3002\u4f55\u5ea6\u3082\u4f55\u5ea6\u3082\u3001\u304a\u5ba2\u69d8\u304c\u56f0\u96e3\u3092\u4e57\u308a\u8d8a\u3048\u3066\u65c5\u884c\u3055\u308c\u308b\u59ff\u3092\u76ee\u306e\u5f53\u305f\u308a\u306b\u3057\u3066\u304d\u307e\u3057\u305f\u3002\u5b9f\u969b\u3001\u30ab\u30fc\u30cb\u30d0\u30eb\u30fb\u30af\u30eb\u30fc\u30ba\u30fb\u30e9\u30a4\u30f3\u306f\u4eca\u670850\u6b73\u3092\u8fce\u3048\u3001\u6700\u8fd1\u3001\u904b\u822a\u518d\u958b\u4ee5\u6765\u6700\u9ad8\u306e3\u9031\u9593\u306e\u4e88\u7d04\u6570\u3092\u8a18\u9332\u3057\u307e\u3057\u305f\u3002<\/p>\n<p>\u4ee5\u524d\u958b\u793a\u3057\u305f\u3088\u3046\u306b\u3001\u5e74\u5ea6\u521d\u3081\u306b\u306f\u30aa\u30df\u30af\u30ed\u30f3\u306e\u5909\u7a2e\u306b\u3088\u308a\u3001\u3088\u308a\u5e83\u7bc4\u306a\u4e88\u7d04\u30d1\u30bf\u30fc\u30f3\u306b\u5f71\u97ff\u3092\u53ca\u307c\u3057\u305f\u3053\u3068\u304c\u3042\u308a\u307e\u3057\u305f\u3002\u30aa\u30df\u30af\u30ed\u30f3\u306e\u5f71\u97ff\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u3001\u7b2c1\u56db\u534a\u671f\u306e\u642d\u4e57\u8005\u6570\u306f20\uff05\u8fd1\u304f\u5897\u52a0\u3057\u307e\u3057\u305f\u3002\u3082\u3061\u308d\u3093\u3001\u65c5\u884c\u524d\u306eCOVID\u691c\u67fb\u306e\u967d\u6027\u7387\u304c\u9ad8\u304f\u3001\u591a\u304f\u306e\u65c5\u884c\u8005\u304c\u9069\u6642\u306b\u691c\u67fb\u3092\u53d7\u3051\u308b\u3053\u3068\u304c\u56f0\u96e3\u3060\u3063\u305f\u3053\u3068\u3082\u3042\u308a\u3001\u30ad\u30e3\u30f3\u30bb\u30eb\u304c\u5897\u3048\u306a\u3051\u308c\u3070\u9054\u6210\u3067\u304d\u305f\u3067\u3042\u308d\u3046\u6570\u5b57\u3088\u308a\u3082\u4f4e\u3044\u3082\u306e\u3067\u3057\u305f\u3002\u3055\u3089\u306b\u3001\u7b2c1\u56db\u534a\u671f\u3092\u901a\u3058\u3066\u3001\u30aa\u30df\u30af\u30ed\u30f3\u793e\u304c\u793e\u4f1a\u306b\u4e0e\u3048\u305f\u5f71\u97ff\u3082\u3042\u308a\u307e\u3057\u305f\u3002<\/p>\n<p>\u3057\u304b\u3057\u3001\u4fa1\u683c\u306f\u4e88\u5b9a\u901a\u308a\u7dad\u6301\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3057\u305f\u3002\u6ce2\u306e\u30b7\u30fc\u30ba\u30f3\u304c\u9577\u304f\u7d9a\u304f\u3053\u3068\u306f\u5341\u5206\u306b\u4e88\u60f3\u3055\u308c\u307e\u3059\u3002\u5b9f\u969b\u30013 \u6708\u306f\u3059\u3067\u306b 70\uff05\u306b\u8fd1\u3044\u7a3c\u50cd\u7387\u3092\u9054\u6210\u3057\u3001100\uff05\u3092\u8d85\u3048\u308b\u822a\u6d77\u3082 40 \u672c\u4ee5\u4e0a\u3042\u308a\u3001\u4e57\u7d44\u54e1\u306b\u5bfe\u3059\u308b\u6839\u5f37\u3044\u9700\u8981\u3068\u4e88\u7d04\u30d1\u30bf\u30fc\u30f3\u306e\u8fd1\u3055\u3092\u8a3c\u660e\u3057\u3066\u3044\u307e\u3059\u3002\u6700\u8fd1\u306e\u71c3\u6599\u6cb9\u4fa1\u683c\u306b\u3064\u3044\u3066\u3002<\/p>\n<p>\u71c3\u6599\u6cb9\u4fa1\u683c\u306e\u9ad8\u9a30\u306f\u4eca\u306b\u59cb\u307e\u3063\u305f\u3053\u3068\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u305d\u306e\u305f\u3081\u3001\u79c1\u305f\u3061\u306f\u7a4d\u6975\u7684\u306b\u6d88\u8cbb\u91cf\u3092\u7ba1\u7406\u3057\u3066\u3044\u307e\u3059\u3002\u307e\u305f\u3001\u3055\u3089\u306a\u308b\u4f7f\u7528\u91cf\u524a\u6e1b\u306e\u305f\u3081\u306e\u53d6\u308a\u7d44\u307f\u3092\u5f37\u5316\u3057\u3066\u3044\u307e\u3059\u3002\u73fe\u5728\u3001\u79c1\u305f\u3061\u306f\u6b74\u53f2\u7684\u306b\u71c3\u6599\u30c7\u30ea\u30d0\u30c6\u30a3\u30d6\u3092\u4f7f\u7528\u3057\u3066\u3044\u307e\u305b\u3093\u3002<\/p>\n<p>\u305d\u3057\u3066\u3001\u53ce\u76ca\u3092\u5e73\u6e96\u5316\u3059\u308b\u3068\u3044\u3046\u5149\u5b66\u7684\u306a\u5229\u70b9\u304c\u3042\u308b\u4e00\u65b9\u3067\u3001\u6642\u9593\u304c\u7d4c\u3064\u306b\u3064\u308c\u3066\u3001\u4fa1\u683c\u306f\u4e0a\u6607\u3057\u3001\u307e\u305f\u3001\u4e0b\u843d\u3057\u307e\u3057\u305f\u3002\u3057\u304b\u3057\u3001\u30c7\u30ea\u30d0\u30c6\u30a3\u30d6\u306b\u306f\u7d4c\u6e08\u7684\u306a\u30b3\u30b9\u30c8\u304c\u3042\u308a\u307e\u3059\u3002\u904e\u53bb\u6570\u5e74\u9593\u3001\u73fe\u91d1\u3092\u3055\u3089\u306b\u6d6a\u8cbb\u3059\u308b\u3053\u3068\u306b\u306a\u308b\u305f\u3081\u3001\u30c7\u30ea\u30d0\u30c6\u30a3\u30d6\u3092\u307b\u3068\u3093\u3069\u4f7f\u7528\u3057\u306a\u304b\u3063\u305f\u3053\u3068\u3092\u975e\u5e38\u306b\u5b09\u3057\u304f\u601d\u3063\u3066\u3044\u307e\u3059\u30022007\u5e74\u4ee5\u6765\u3001\u30d5\u30c3\u30c8\u30d7\u30ea\u30f3\u30c8\u306e\u524a\u6e1b\u306b\u7a4d\u6975\u7684\u306b\u53d6\u308a\u7d44\u3093\u3067\u304d\u305f\u7d50\u679c\u30012019\u5e74\u307e\u3067\u306b\u5358\u4f4d\u71c3\u6599\u6d88\u8cbb\u91cf\u3092\u7d0430\uff05\u3001\u70ad\u7d20\u539f\u5358\u4f4d\u3092\u7d0425\uff05\u524a\u6e1b\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3057\u305f\u3002<\/p>\n<p>\u305d\u3057\u3066\u3001\u5168\u793e\u7684\u306a\u53d6\u308a\u7d44\u307f\u306e\u52a0\u901f\u306b\u3088\u308a\u3001\u30d5\u30ea\u30fc\u30c8\u30d5\u30eb\u7a3c\u50cd\u6642\u306b\u306f\u30012019\u5e74\u6bd4\u3067\u5358\u4f4d\u71c3\u6599\u6d88\u8cbb\u91cf\u3092\u3055\u3089\u306b10\uff05\u3001\u70ad\u7d20\u539f\u5358\u4f4d\u30929\uff05\u524a\u6e1b\u3067\u304d\u308b\u3068\u898b\u8fbc\u3093\u3067\u3044\u307e\u3059\u3002\u5b9f\u969b\u3001\u79c1\u305f\u3061\u306f\u3001\u5f37\u3044\u4e8b\u696d\u4f1a\u793e\u3060\u3051\u3067\u306a\u304f\u3001\u3088\u308a\u6301\u7d9a\u53ef\u80fd\u306a\u3001\u3088\u308a\u512a\u308c\u305f\u7dcf\u5408\u7684\u306a\u4f1a\u793e\u3068\u3057\u3066\u4e8b\u696d\u3092\u518d\u958b\u3059\u308b\u305f\u3081\u306b\u3001\u61f8\u547d\u306b\u53d6\u308a\u7d44\u3093\u3067\u304d\u307e\u3057\u305f\u3002\u4eca\u671f\u3082\u307e\u305f\u3001\u305d\u3046\u3057\u305f\u53d6\u308a\u7d44\u307f\u306b\u5411\u3051\u3066\u3055\u3089\u306a\u308b\u524d\u9032\u3092\u9042\u3052\u307e\u3057\u305f\u3002\u5f53\u56db\u534a\u671f\u306f\u3001\u8239\u968a\u6700\u9069\u5316\u306e\u53d6\u308a\u7d44\u307f\u3092\u5f37\u5316\u3057\u30013\u96bb\u306e\u65b0\u9020\u8239\u3092\u7ae3\u5de5\u3055\u305b\u307e\u3057\u305f\u3002\u30b3\u30b9\u30bf\u30fb\u30c8\u30b9\u30ab\u30fc\u30ca\u3001\u30a2\u30a4\u30c0\u30fb\u30b3\u30b9\u30de\u3001\u30c7\u30a3\u30b9\u30ab\u30d0\u30ea\u30fc\u30fb\u30d7\u30ea\u30f3\u30bb\u30b9\u3067\u30012019\u5e74\u4ee5\u964d\u306b\u5f15\u304d\u6e21\u3057\u305f\u5927\u578b\u3067\u52b9\u7387\u7684\u306a\u8239\u306f\u5408\u8a089\u96bb\u3068\u306a\u308a\u307e\u3057\u305f\u3002<\/p>\n<p>\u3055\u3089\u306b\u3001\u5c0f\u578b\u3067\u52b9\u7387\u306e\u60aa\u3044\u82393\u96bb\u3092\u8ffd\u52a0\u3067\u64a4\u53bb\u3059\u308b\u3053\u3068\u3092\u767a\u8868\u3057\u3001\u540c\u3058\u304f2019\u5e74\u4ee5\u964d\u306b\u64a4\u53bb\u3059\u308b\u8239\u306f\u5408\u8a0822\u96bb\u3068\u306a\u308a\u307e\u3057\u305f\u3002\u3053\u308c\u3089\u306e\u4f4e\u52b9\u7387\u8239\u306e\u64a4\u53bb\u3092\u52a0\u901f\u3055\u305b\u308b\u3053\u3068\u3067\u30012025\u5e74\u307e\u3067\u306e\u8239\u8179\u5897\u52a0\u7387\u3092\u5f93\u6765\u306e\u5e74\u8907\u52294.5\uff05\u304b\u30892.2\uff05\u306b\u5f15\u304d\u4e0b\u3052\u3001\u610f\u56f3\u7684\u306b\u5236\u7d04\u3055\u308c\u305f\u8239\u8179\u306b\u5bfe\u3059\u308b\u65fa\u76db\u306a\u9700\u8981\u3092\u751f\u304b\u3059\u3053\u3068\u304c\u53ef\u80fd\u306b\u306a\u308b\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002\u307e\u305f\u3001\u8239\u968a\u306e\u6700\u9069\u5316\u306b\u3088\u308a\u3001\u30d7\u30ec\u30df\u30a2\u30e0\u4fa1\u683c\u306e\u30d0\u30eb\u30b3\u30cb\u30fc\u30fb\u30ad\u30e3\u30d3\u30f3\u304c7\uff05\u5897\u52a0\u3057\u3001\u8239\u5185\u53ce\u76ca\u6a5f\u4f1a\u306e\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u304c\u3055\u3089\u306b\u6539\u5584\u3055\u308c\u308b\u3068\u3068\u3082\u306b\u3001\u71c3\u6599\u8cbb\u3092\u9664\u304f\u8239\u8236\u30ec\u30d9\u30eb\u306e\u30e6\u30cb\u30c3\u30c8\u30b3\u30b9\u30c8\u3092\u4eca\u5f8c5\uff05\u524a\u6e1b\u3057\u3001\u3088\u308a\u591a\u304f\u306e\u53ce\u76ca\u3092\u30dc\u30c8\u30e0\u30e9\u30a4\u30f3\u306b\u3082\u305f\u3089\u3059\u3053\u3068\u304c\u3067\u304d\u308b\u3088\u3046\u306b\u306a\u308a\u307e\u3059\u3002\u30d5\u30eb\u64cd\u696d\u306b\u623b\u308c\u3070\u3001\u5f53\u793e\u306e\u8239\u8179\u306e\u7d04 4 \u5206\u306e 1 \u304c\u65b0\u9020\u8239\u3068\u306a\u308a\u3001\u53ce\u76ca\u6027\u306e\u56de\u5fa9\u3068\u6295\u4e0b\u8cc7\u672c\u5229\u76ca\u7387\u306e\u5411 \u4e0a\u304c\u671f\u5f85\u3067\u304d\u307e\u3059\u3002<\/p>\n<p>\u307e\u305f\u300110 \u5e74\u4ee5\u4e0a\u524d\u306b\u70ad\u7d20\u6392\u51fa\u91cf\u306e\u30d4\u30fc\u30af\u3092\u8fce\u3048\u3066\u4ee5\u6765\u3001\u4e8c\u9178\u5316\u70ad\u7d20\u6392\u51fa\u91cf\u306e\u524a\u6e1b\u306e\u91cd\u8981\u6027\u3092\u8a8d\u8b58\u3057 \u3066\u3044\u307e\u3059\u3002\u305d\u3057\u3066\u3001\u79c1\u305f\u3061\u306f\u5909\u5316\u3092\u3082\u305f\u3089\u3059\u305f\u3081\u306b\u9769\u65b0\u3092\u7d9a\u3051\u3066\u3044\u307e\u3059\u3002AIDA \u30d7\u30ea\u30de\u306f\u3001\u5f53\u793e\u521d\u306e\u30d0\u30c3\u30c6\u30ea\u30fc\u99c6\u52d5\u306e\u8239\u8236\u3068\u306a\u308a\u3001\u822a\u884c\u4e2d\u306e\u30a8\u30f3\u30b8\u30f3\u306e\u52b9\u7387\u3092\u6700\u9069\u5316\u3057\u3001\u6392\u51fa\u91cf\u3092\u524a\u6e1b\u3059\u308b\u3053\u3068\u304c\u53ef\u80fd\u306b\u306a\u308a\u307e\u3059\u3002\u307e\u305f\u3001\u5b50\u4f1a\u793e\u306e\u30a8\u30b3\u30b9\u30d7\u30ec\u30fc\u3092\u901a\u3058\u3066\u3001\u5ec3\u68c4\u7269\u304b\u3089\u751f\u6210\u3055\u308c\u308b\u30b0\u30ea\u30fc\u30f3\u30d0\u30a4\u30aaLNG\u306e\u88fd\u9020\u306b\u304a\u3051\u308b\u30d1\u30fc\u30c8\u30ca\u30fc\u3068\u3057\u3066\u3001\u753b\u671f\u7684\u306a\u5951\u7d04\u3092\u7de0\u7d50\u3057\u307e\u3057\u305f\u3002<\/p>\n<p>\u3055\u3089\u306b\u3001\u30a8\u30cd\u30eb\u30ae\u30fc\u52b9\u7387\u3092\u9ad8\u3081\u308b\u305f\u3081\u306e\u6295\u8cc7\u3092\u7d9a\u3051\u3001\u904b\u642c\u6642\u306e\u62b5\u6297\u3092\u6e1b\u3089\u3057\u3001\u4e8c\u9178\u5316\u70ad\u7d20\u6392\u51fa\u91cf\u30925\uff05\u8fd1\u304f\u524a\u6e1b\u3059\u308b\u9769\u65b0\u7684\u306a\u7a7a\u6c17\u6f64\u6ed1\u30b7\u30b9\u30c6\u30e0\u3092\u5099\u3048\u305f23\u96bb\u306e\u8239\u306e\u3046\u3061\u30014\u96bb\u76ee\u3092\u30ed\u30fc\u30eb\u30a2\u30a6\u30c8\u3057\u307e\u3057\u305f\u3002\u307e\u305f\u3001\u6c17\u5019\u5909\u52d5\u3078\u306e\u5f71\u97ff\u3092\u4f4e\u6e1b\u3057\u3001\u4e8b\u696d\u306b\u304a\u3051\u308b\u6c17\u5019\u5909\u52d5\u30ea\u30b9\u30af\u3092\u8efd\u6e1b\u3059\u308b\u305f\u3081\u306e\u53d6\u308a\u7d44\u307f\u3082\u9032\u3081\u3066\u3044\u307e\u3059\u3002\u79c1\u305f\u3061\u306f\u3001\u300c\u6c17\u5019\u95a2\u9023\u8ca1\u52d9\u60c5\u5831\u958b\u793a\u30bf\u30b9\u30af\u30d5\u30a9\u30fc\u30b9\u300d\uff08TCFD\uff09\u306e\u52e7\u544a\u306e\u5b8c\u5168\u306a\u63a1\u7528\u306b\u5411\u3051\u3066\u53d6\u308a\u7d44\u3093\u3067\u304a\u308a\u3001\u79c1\u304c\u30c1\u30fc\u30d5\u30fb\u30af\u30e9\u30a4\u30e1\u30fc\u30c8\u30fb\u30aa\u30d5\u30a3\u30b5\u30fc\u306b\u5c31\u4efb\u3057\u3001\u6c17\u5019\u95a2\u9023\u306e\u6226\u7565\u7684\u610f\u601d\u6c7a\u5b9a\u3068\u30ea\u30b9\u30af\u7ba1\u7406\u30d7\u30ed\u30bb\u30b9\u3092\u3055\u3089\u306b\u30b5\u30dd\u30fc\u30c8\u3059\u308b\u305f\u3081\u306b\u6226\u7565\u30ea\u30b9\u30af\u8a55\u4fa1\u59d4\u54e1\u4f1a\u3092\u8a2d\u7f6e\u3059\u308b\u306a\u3069\u3001\u5f37\u529b\u306a\u30ac\u30d0\u30ca\u30f3\u30b9\u4f53\u5236\u306e\u5f37\u5316\u306b\u7740\u624b\u3057\u3066\u3044\u307e\u3059\u30022030\u5e74\u306e\u6301\u7d9a\u53ef\u80fd\u6027\u76ee\u6a19\u30682050\u5e74\u306e\u62b1\u8ca0\u306e\u5c0e\u5165\u306b\u3088\u308aESG\u3078\u306e\u30b3\u30df\u30c3\u30c8\u30e1\u30f3\u30c8\u3092\u62e1\u5927\u3057\u3001\u91cd\u8981\u306a\u98df\u54c1\u5ec3\u68c4\u7269\u3068\u4f7f\u3044\u6368\u3066\u30d7\u30e9\u30b9\u30c1\u30c3\u30af\u306e\u524a\u6e1b\u306e\u53d6\u308a\u7d44\u307f\u3092\u524d\u9032\u3055\u305b\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u307e\u305f\u3001\u3053\u306e\u7a2e\u306e\u6700\u5148\u7aef\u306e\u6280\u8853\u3067\u3042\u308b600\u53f0\u4ee5\u4e0a\u306e\u751f\u3054\u307f\u30d0\u30a4\u30aa\u30c7\u30a3\u30b8\u30a7\u30b9\u30bf\u30fc\u306e\u5c0e\u5165\u3082\u5b8c\u4e86\u9593\u8fd1\u3067\u3059\u3002\u79c1\u305f\u3061\u306f\u3001\u30b5\u30fc\u30d3\u30b9\u3078\u306e\u5fa9\u5e30\u3092\u660e\u3089\u304b\u306b\u6700\u5927\u5316\u3057\u3001\u9ed2\u5b57\u5316\u3078\u306e\u9053\u7b4b\u3067\u5909\u52d5\u306b\u8010\u3048\u3089\u308c\u308b\u3088\u3046\u306a\u4f53\u5236\u3092\u6574\u3048\u305f\u3068\u78ba\u4fe1\u3057\u3066\u3044\u307e\u3059\u3002\u4f11\u6b62\u671f\u9593\u4e2d\u3082\u3001\u3088\u308a\u5f37\u529b\u3067\u52b9\u7387\u7684\u306a\u4e8b\u696d\u4f1a\u793e\u3068\u3057\u3066\u64cd\u696d\u3092\u518d\u958b\u3057\u3001\u30ad\u30e3\u30c3\u30b7\u30e5\u5275\u51fa\u529b\u3092\u6700\u5927\u5316\u3057\u3001\u9577\u671f\u7684\u306b2\u6841\u306e\u6295\u4e0b\u8cc7\u672c\u5229\u76ca\u7387\u3092\u5b9f\u73fe\u3059\u308b\u305f\u3081\u306b\u3001\u7a4d\u6975\u7684\u306a\u7d4c\u55b6\u3092\u884c\u3063\u3066\u3044\u307e\u3059\u3002\u7e70\u308a\u8fd4\u3057\u306b\u306a\u308a\u307e\u3059\u304c\u3001\u5f53\u793e\u306e\u30ad\u30e3\u30c3\u30b7\u30e5\u30fb\u30d5\u30ed\u30fc\u306f\u3001\u9577\u671f\u7684\u306b\u6295\u8cc7\u9069\u683c\u50b5\u306b\u5fa9\u5e30\u3057\u3001\u3088\u308a\u5927\u304d\u306a\u682a\u4e3b\u4fa1\u5024\u3092\u5275\u51fa\u3059\u308b\u305f\u3081\u306e\u4e3b\u8981\u306a\u63a8\u9032\u529b\u3068\u306a\u308b\u3067\u3057\u3087\u3046\u3002<\/p>\n<p>\u4eba\u9593\u306e\u7cbe\u795e\u306e\u56de\u5fa9\u529b\u3001\u305d\u3057\u3066\u79c1\u305f\u3061\u306e\u30d3\u30b8\u30cd\u30b9\u306e\u56de\u5fa9\u529b\u3092\u4f55\u5ea6\u3082\u5b9f\u8a3c\u3057\u3066\u304d\u307e\u3057\u305f\u3002\u79c1\u305f\u3061\u306e\u4f1a\u793e\u304c\u3001\u30d1\u30f3\u30c7\u30df\u30c3\u30af\u306b\u3088\u3063\u3066\u5931\u308f\u308c\u305f\u3001\u5bb6\u65cf\u3084\u53cb\u4eba\u3068\u904e\u3054\u3059\u793e\u4f1a\u7684\u306a\u697d\u3057\u307f\u3084\u3001\u65b0\u3057\u3044\u76ee\u7684\u5730\u3084\u6587\u5316\u3092\u4f53\u9a13\u3059\u308b\u8208\u596e\u3092\u304a\u5ba2\u69d8\u306b\u63d0\u4f9b\u3059\u308b\u4e00\u52a9\u3068\u306a\u308c\u308b\u3053\u3068\u306f\u3001\u3068\u3066\u3082\u5fc3\u5f37\u3044\u3053\u3068\u3067\u3059\u3002\u30ab\u30fc\u30cb\u30d0\u30eb\u30fb\u30af\u30eb\u30fc\u30ba\u30fb\u30e9\u30a4\u30f3\u304c50\u5468\u5e74\u3092\u8fce\u3048\u305f\u3053\u3068\u3092\u7d39\u4ecb\u3057\u307e\u3057\u305f\u3002\u30bf\u30c3\u30c9\u30fb\u30a2\u30ea\u30bd\u30f3\u304c\u30ab\u30fc\u30cb\u30d0\u30eb\u30fb\u30af\u30eb\u30fc\u30ba\u30fb\u30e9\u30a4\u30f3\u3092\u8a2d\u7acb\u3057\u3001\u30df\u30c3\u30ad\u30fc\u3068\u5171\u306b\u73fe\u4ee3\u306e\u30af\u30eb\u30fc\u30ba\u7523\u696d\u3092\u7bc9\u304d\u4e0a\u3052\u3001\u4f55\u767e\u4e07\u4eba\u3082\u306e\u304a\u5ba2\u69d8\u306b\u559c\u3073\u3092\u4e0e\u3048\u3001\u4f55\u5341\u4e07\u3082\u306e\u96c7\u7528\u3092\u5275\u51fa\u3057\u3001\u4e16\u754c\u4e2d\u3067\u3088\u308a\u826f\u3044\u751f\u6d3b\u306e\u8cea\u3092\u4f5c\u308a\u51fa\u3057\u305f50\u5e74\u306f\u3001\u6b63\u76f4\u8a00\u3063\u3066\u3001\u3068\u3066\u3082\u77ed\u3044\u6642\u9593\u306e\u3088\u3046\u306b\u601d\u3048\u307e\u3059\u3002<\/p>\n<p>\u3082\u3061\u308d\u3093\u3001\u7686\u3055\u307e\u304b\u3089\u306e\u5727\u5012\u7684\u306a\u652f\u6301\u306a\u3057\u306b\u306f\u5b9f\u73fe\u3067\u304d\u306a\u304b\u3063\u305f\u3053\u3068\u3067\u3059\u3002\u6539\u3081\u3066\u3001\u5927\u5207\u306a\u304a\u5ba2\u3055\u307e\u306b\u611f\u8b1d\u3044\u305f\u3057\u307e\u3059\u3002\u65c5\u884c\u4f1a\u793e\u306e\u7686\u69d8\u3001\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002\u6bcd\u6e2f\u3068\u76ee\u7684\u5730\u306e\u30b3\u30df\u30e5\u30cb\u30c6\u30a3\u306e\u7686\u69d8\u3001\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>\u30b5\u30d7\u30e9\u30a4\u30e4\u30fc\u3084\u305d\u306e\u4ed6\u591a\u304f\u306e\u30b9\u30c6\u30fc\u30af\u30db\u30eb\u30c0\u30fc\u306b\u611f\u8b1d\u3057\u307e\u3059\u3002\u305d\u3057\u3066\u3082\u3061\u308d\u3093\u3001\u682a\u4e3b\u3001\u793e\u50b5\u6a29\u8005\u3001\u9280\u884c\u3001\u8f38\u51fa\u4fe1\u7528\u6a5f\u95a2\u306e\u7686\u3055\u307e\u3001\u79c1\u305f\u3061\u3092\u4fe1\u983c\u3057\u3001\u7d99\u7d9a\u7684\u306b\u652f\u63f4\u3057\u3066\u304f\u3060\u3055\u3063\u3066\u3044\u308b\u7686\u3055\u307e\u306b\u611f\u8b1d\u3057\u307e\u3059\u3002\u305d\u3057\u3066\u6539\u3081\u3066\u3001\u30c1\u30fc\u30e0\u306e\u30e1\u30f3\u30d0\u30fc\u306e\u732e\u8eab\u7684\u306a\u52aa\u529b\u3068\u732e\u8eab\u3001\u5353\u8d8a\u3057\u305f\u5b9f\u884c\u529b\u306b\u611f\u8b1d\u3057\u307e\u3059\u3002\u79c1\u305f\u3061\u306f\u3001\u5168\u54e1\u3092\u518d\u3073\u8fce\u3048\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u3053\u3068\u3092\u3046\u308c\u3057\u304f\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>\u305d\u308c\u3067\u306f\u3001\u30c7\u30d3\u30c3\u30c9\u306b\u96fb\u8a71\u3092\u3064\u306a\u304e\u307e\u3059\u3002<\/p>\n<p>\u30c7\u30fc\u30d3\u30c3\u30c9\u30fb\u30d0\u30fc\u30f3\u30b9\u30bf\u30a4\u30f3 &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u30a2\u30fc\u30ce\u30eb\u30c9 \u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u672c\u65e5\u306f\u307e\u305a\u3001\u30b2\u30b9\u30c8\u30af\u30eb\u30fc\u30ba\u306e\u30aa\u30da\u30ec\u30fc\u30b7\u30e7\u30f3\u3092\u632f\u308a\u8fd4\u308a\u3001\u7b2c1\u56db\u534a\u671f\u306e\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306e\u6982\u8981\u306b\u3064\u3044\u3066\u3054\u8aac\u660e\u3057\u307e\u3059\u3002\u305d\u3057\u3066\u3001\u4e88\u7d04\u52d5\u5411\u306e\u30a2\u30c3\u30d7\u30c7\u30fc\u30c8\u3001\u6700\u5f8c\u306b\u8abf\u6574\u5f8cEBITDA\u3068\u7d14\u5229\u76ca\u306e\u4e88\u60f3\u306b\u3064\u3044\u3066\u3054\u8aac\u660e\u3057\u307e\u3059\u3002\u5ba2\u8239\u4e8b\u696d\u306b\u3064\u3044\u3066\u8aac\u660e\u3057\u307e\u3059\u3002<\/p>\n<p>2022\u5e74\u7b2c1\u56db\u534a\u671f\u306f10\u96bb\u306e\u8239\u3092\u8ffd\u52a0\u3067\u518d\u7a3c\u50cd\u3055\u305b\u305f\u7d50\u679c\u3001\u7b2c1\u56db\u534a\u671f\u5168\u4f53\u3067\u306f\u8239\u968a\u306e60\uff05\u304c\u30b2\u30b9\u30c8\u30af\u30eb\u30fc\u30ba\u4e8b\u696d\u3067\u7a3c\u50cd\u3059\u308b\u3053\u3068\u306b\u306a\u308a\u307e\u3057\u305f\u3002\u3053\u308c\u306f2021\u5e74\u7b2c4\u56db\u534a\u671f\u4e2d\u306e47\uff05\u304b\u3089\u5927\u5e45\u306b\u5897\u52a0\u3057\u307e\u3057\u305f\u3002\u672c\u65e5\u73fe\u5728\u3001\u5f53\u793e\u30d5\u30ea\u30fc\u30c8\u30ad\u30e3\u30d1\u30b7\u30c6\u30a3\u306e75\uff05\u304c\u30b2\u30b9\u30c8\u30af\u30eb\u30fc\u30ba\u904b\u822a\u3092\u518d\u958b\u3057\u3066\u3044\u307e\u3059\u3002\u5e38\u306b\u5909\u5316\u3059\u308b\u72b6\u6cc1\u306b\u7d99\u7d9a\u7684\u306b\u9069\u5fdc\u3059\u308b\u654f\u6377\u6027\u306f\u3001\u30d1\u30f3\u30c7\u30df\u30c3\u30af\u6642\u306e\u5f53\u793e\u306e\u6700\u5927\u306e\u5f37\u307f\u306e\u4e00\u3064\u3067\u3059\u3002<\/p>\n<p>\u7b2c1\u56db\u534a\u671f\u306b\u304a\u3044\u3066\u3082\u3001\u30b2\u30b9\u30c8\u30af\u30eb\u30fc\u30ba\u306e\u904b\u822a\u3092\u6700\u9069\u5316\u3059\u308b\u305f\u3081\u306b\u518d\u958b\u65e5\u3092\u8abf\u6574\u3057\u3001\u3053\u306e\u30b9\u30b1\u30fc\u30eb\u306e\u5927\u304d\u3055\u3092\u5b9f\u8a3c\u3057\u3066\u3044\u307e\u3059\u3002\u305d\u3057\u3066\u73fe\u5728\u3001\u5404\u30d6\u30e9\u30f3\u30c9\u306e\u5ba2\u8239\u306f\u3001\u55b6\u696d\u5229\u76ca\u306e\u6700\u5927\u306e\u5272\u5408\u3092\u5360\u3081\u308b\u590f\u671f\u30b7\u30fc\u30ba\u30f3\u306b\u5411\u3051\u3066\u30d5\u30eb\u7a3c\u50cd\u3059\u308b\u898b\u8fbc\u307f\u3067\u3059\u3002\u307e\u305f\u30014\u6708\u304b\u3089\u30af\u30eb\u30fc\u30ba\u3092\u8a31\u53ef\u3059\u308b\u3068\u306e\u653f\u5e9c\u304b\u3089\u306e\u901a\u9054\u3092\u53d7\u3051\u3001\u5148\u9031\u30015\u6708\u672b\u304b\u3089\u30aa\u30fc\u30b9\u30c8\u30e9\u30ea\u30a2\u3067\u518d\u958b\u3059\u308b\u8a08\u753b\u3092\u767a\u8868\u3057\u307e\u3057\u305f\u306e\u3067\u3054\u5831\u544a\u3044\u305f\u3057\u307e\u3059\u3002\u7b2c1\u56db\u534a\u671f\u306e\u4e57\u8239\u7387\u306f\u3001\u5c31\u822a\u8239\u5168\u4f53\u306754\uff05\u3067\u3057\u305f\u3002<\/p>\n<p>\u3053\u308c\u306f\u3001\u591a\u304f\u306e\u8239\u8236\u304c\u51fa\u822a\u306e\u6570\u30f6\u6708\u524d\u306b\u78ba\u5b9a\u3057\u3001\u901a\u5e38\u306e\u4e88\u7d04\u671f\u9593\u3088\u308a\u77ed\u304b\u3063\u305f\u305f\u3081\u3067\u3059\u3002\u3057\u304b\u3057\u3001\u7b2c1\u56db\u534a\u671f\u306e\u7a3c\u50cd\u7387\u306f\u30012021\u5e74\u7b2c4\u56db\u534a\u671f\u306b\u9054\u6210\u3057\u305f58\uff05\u3092\u8d85\u3048\u308b\u3068\u4e88\u60f3\u3057\u3066\u3044\u307e\u3057\u305f\u3002\u7b2c1\u56db\u534a\u671f\u306e\u5ba2\u5ba4\u7a3c\u50cd\u7387\u306f55\uff05\u4ee5\u4e0a\u306e\u4e88\u7d04\u3067\u30b9\u30bf\u30fc\u30c8\u3057\u3001\u56db\u534a\u671f\u4e2d\u306b\u3055\u3089\u306b\u5411\u4e0a\u3059\u308b\u898b\u8fbc\u307f\u3067\u3059\u3002\u3057\u304b\u3057\u30012022\u5e74\u7b2c1\u56db\u534a\u671f\u306b\u306f\u3001\u30aa\u30df\u30af\u30ed\u30f3\u30fb\u30d0\u30ea\u30a2\u30f3\u30c8\u306e\u7d50\u679c\u3001\u65c5\u884c\u524d\u306e\u967d\u6027\u53cd\u5fdc\u306e\u5897\u52a0\u306b\u3088\u308b\u30ad\u30e3\u30f3\u30bb\u30eb\u306e\u5897\u52a0\u3001\u30bf\u30a4\u30e0\u30ea\u30fc\u306a\u65c5\u884c\u524d\u306e\u691c\u67fb\u306e\u5165\u624b\u306e\u96e3\u3057\u3055\u3001\u30aa\u30df\u30af\u30ed\u30f3\u304c\u3053\u306e\u6642\u671f\u306b\u793e\u4f1a\u306b\u3082\u305f\u3089\u3057\u305f\u6df7\u4e71\u306a\u3069\u3001\u8fd1\u3044\u5c06\u6765\u306e\u822a\u6d77\u306e\u4e88\u7d04\u306b\u5f71\u97ff\u3092\u4e0e\u3048\u308b\u3053\u3068\u304c\u308f\u304b\u308a\u307e\u3057\u305f\u3002<\/p>\n<p>\u3053\u306e\u305f\u3081\u30012022\u5e74\u7b2c1\u56db\u534a\u671f\u306e\u5ba2\u5ba4\u7a3c\u50cd\u7387\u306f54\uff05\u3068\u306a\u308a\u30012021\u5e74\u7b2c4\u56db\u534a\u671f\u306b\u9054\u6210\u3057\u305f58\uff05\u3092\u4e0b\u56de\u308b\u7d50\u679c\u3068\u306a\u308a\u307e\u3057\u305f\u3002\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u3001\u7b2c1\u56db\u534a\u671f\u306b\u306f100\u4e07\u4eba\u3092\u8d85\u3048\u308b\u304a\u5ba2\u69d8\u3092\u304a\u904b\u3073\u3057\u30012021\u5e74\u7b2c4\u56db\u534a\u671f\u304b\u308920\uff05\u8fd1\u304f\u5897\u52a0\u3057\u307e\u3057\u305f\u3002Net Promoter Score\u306fCOVID\u5c0e\u5165\u524d\u3068\u6bd4\u8f03\u3057\u3066\u9ad8\u3044\u30ec\u30d9\u30eb\u3092\u7dad\u6301\u3057\u3001\u5f53\u793e\u306e\u30d6\u30e9\u30f3\u30c9\u306f\u4eca\u56de\u3082\u6975\u3081\u3066\u826f\u597d\u306a\u7d50\u679c\u3092\u6b8b\u3057\u307e\u3057\u305f\u30022022\u5e74\u7b2c1\u56db\u534a\u671f\u306e\u65c5\u5ba21\u65e5\u3042\u305f\u308a\u306e\u53ce\u76ca\u306f\u3001\u53ce\u76ca\u6027\u306e\u9ad8\u3044\u30ef\u30fc\u30eb\u30c9\u30af\u30eb\u30fc\u30ba\u3084\u30a8\u30ad\u30be\u30c1\u30c3\u30af\u306a\u822a\u6d77\u304c\u4eca\u5e74\u68da\u4e0a\u3052\u306b\u306a\u3063\u305f\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u3001\u597d\u8abf\u3060\u3063\u305f2019\u5e74\u3068\u6bd4\u8f03\u3057\u3066\u7d047.5%\u5897\u52a0\u3057\u307e\u3057\u305f\u3002<\/p>\n<p>\u5f53\u793e\u306e\u53ce\u76ca\u7ba1\u7406\u30c1\u30fc\u30e0\u306f\u3001\u77ed\u671f\u9593\u306e\u822a\u6d77\u306e\u4e88\u7d04\u306b\u5f71\u97ff\u304c\u51fa\u305f\u969b\u306b\u4fa1\u683c\u3092\u7dad\u6301\u3057\u3001\u5c06\u6765\u306e\u53ce\u76ca\u3068\u4fa1\u683c\u306b\u95a2\u3059\u308b\u9577\u671f\u7684\u306a\u898b\u901a\u3057\u3092\u6700\u9069\u5316\u3057\u307e\u3057\u305f\u30022022\u5e74\u7b2c1\u56db\u534a\u671f\u3082\u3001\u30d0\u30f3\u30c9\u30eb\u30d1\u30c3\u30b1\u30fc\u30b8\u3084\u3001\u4f11\u6b62\u671f\u9593\u4e2d\u306b\u30ad\u30e3\u30f3\u30bb\u30eb\u3055\u308c\u305f\u30af\u30eb\u30fc\u30ba\u306e\u30b2\u30b9\u30c8\u304c\u5229\u7528\u3057\u305f\u30aa\u30f3\u30dc\u30fc\u30c9\u30af\u30ec\u30b8\u30c3\u30c8\u306a\u3069\u306b\u3088\u308a\u3001\u8239\u5185\u304a\u3088\u3073\u305d\u306e\u4ed6\u306e\u53ce\u5165\u306e\u65e5\u5f53\u306f2019\u5e74\u7b2c1\u56db\u534a\u671f\u306b\u6bd4\u3079\u3066\u5927\u5e45\u306b\u5897\u52a0\u3057\u307e\u3057\u305f\u3002\u8239\u5185\u304a\u3088\u3073\u305d\u306e\u4ed6\u306e\u65e5\u5f53\u306f\u3001\u5927\u897f\u6d0b\u306e\u4e21\u5cb8\u3067\u5927\u304d\u306a\u4f38\u3073\u3092\u793a\u3057\u307e\u3057\u305f\u3002\u8239\u5185\u3067\u306f\u3001\u30d0\u30fc\u3001\u30ab\u30b8\u30ce\u3001\u30b7\u30e7\u30c3\u30d7\u3001\u30b9\u30d1\u3001\u30a4\u30f3\u30bf\u30fc\u30cd\u30c3\u30c8\u304c\u5897\u52a0\u3057\u3001\u30ea\u30fc\u30c9\u3057\u307e\u3057\u305f\u3002<\/p>\n<p>\u904e\u53bb2\u5e74\u534a\u306e\u9593\u306b\u3001\u79c1\u305f\u3061\u306f\u3088\u308a\u591a\u304f\u306e\u30d0\u30f3\u30c9\u30eb\u30d1\u30c3\u30b1\u30fc\u30b8\u3092\u63d0\u4f9b\u3057\u3001\u304a\u5ba2\u69d8\u3082\u305d\u308c\u3092\u9078\u3076\u3088\u3046\u306b\u306a\u308a\u307e\u3057\u305f\u3002\u6700\u7d42\u7684\u306b\u3001\u3053\u308c\u3089\u306e\u30d0\u30f3\u30c9\u30eb\u30d1\u30c3\u30b1\u30fc\u30b8\u306e\u52b9\u679c\u306f\u3001\u8239\u5185\u304a\u3088\u3073\u305d\u306e\u4ed6\u306e\u53ce\u76ca\u306b\u73fe\u308c\u3066\u3044\u307e\u3059\u3002\u3053\u308c\u3089\u306e\u30d0\u30f3\u30c9\u30eb\u30d1\u30c3\u30b1\u30fc\u30b8\u306e\u7d50\u679c\u3001\u65c5\u5ba2\u904b\u8cc3\u53ce\u5165\u3068\u8239\u5185\u8ca9\u58f2\u53ce\u5165\u306e\u5883\u754c\u7dda\u306f\u66d6\u6627\u306b\u306a\u3063\u3066\u3044\u307e\u3059\u3002\u4f1a\u8a08\u4e0a\u3001\u304a\u5ba2\u3055\u307e\u304c\u652f\u6255\u3063\u305f\u6599\u91d1\u306e\u7dcf\u984d\u3092\u3053\u306e2\u3064\u306e\u30ab\u30c6\u30b4\u30ea\u30fc\u306b\u914d\u5206\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u5f93\u3063\u3066\u3001\u5f53\u793e\u306e\u696d\u7e3e\u3092\u5224\u65ad\u3059\u308b\u4e0a\u3067\u6700\u3082\u9069\u5207\u306a\u65b9\u6cd5\u306f\u3001\u30af\u30eb\u30fc\u30ba\u53ce\u5165\u306b\u95a2\u3059\u308b\u6307\u6a19\u3092\u53c2\u7167\u3059\u308b\u3053\u3068\u3067\u3059\u3002\u30b3\u30b9\u30c8\u9762\u3067\u306f\u30012022\u5e74\u7b2c1\u56db\u534a\u671f\u306eALBD\uff08available lower berth day\uff09\u3042\u305f\u308a\u306e\u71c3\u6599\u8cbb\u306a\u3057\u306e\u8abf\u6574\u30af\u30eb\u30fc\u30ba\u30fb\u30b3\u30b9\u30c8\u306f25%\u5897\u3068\u306a\u308a\u307e\u3057\u305f\u3002\u79c1\u306f\u3001\u3053\u308c\u307e\u3067\u4f7f\u3063\u3066\u3044\u305f\u7d14\u30af\u30eb\u30fc\u30ba\u30b3\u30b9\u30c8\u3067\u306f\u306a\u304f\u3001\u8abf\u6574\u5f8c\u30af\u30eb\u30fc\u30ba\u30b3\u30b9\u30c8\u3068\u8a00\u3044\u307e\u3057\u305f\u3002\u8abf\u6574\u5f8c\u30af\u30eb\u30fc\u30ba\u30b3\u30b9\u30c8\u3068\u7d14\u30af\u30eb\u30fc\u30ba\u30b3\u30b9\u30c8\u306e\u8a08\u7b97\u306f\u540c\u3058\u3067\u3059\u3002<\/p>\n<p>\u3057\u304b\u3057\u3001\u3053\u306e\u65b0\u3057\u3044\u540d\u79f0\u306f\u3001\u4eca\u671d\u65b9\u767a\u8868\u3057\u305f\u5f53\u793e\u306e\u30d3\u30b8\u30cd\u30b9\u30fb\u30a2\u30c3\u30d7\u30c7\u30fc\u30c8\u30fb\u30d7\u30ec\u30b9\u30ea\u30ea\u30fc\u30b9\u3067\u3082\u8a00\u53ca\u3057\u3066\u3044\u308b\u3001\u5f53\u793e\u306e\u4ed6\u306e\u975eGAAP\u6307\u6a19\u3067\u3042\u308b\u8abf\u6574\u5f8c\u7d14\u5229\u76ca\u3068\u8abf\u6574\u5f8cEBITDA\u306b\u3088\u308a\u9069\u5207\u306b\u6cbf\u3046\u3082\u306e\u3067\u3042\u308b\u3068\u611f\u3058\u307e\u3057\u305f\u3002ALBD\u3042\u305f\u308a\u306e\u71c3\u6599\u3092\u542b\u307e\u306a\u3044\u8abf\u6574\u6e08\u307f\u30af\u30eb\u30fc\u30ba\u30b3\u30b9\u30c8\u306e\u5897\u52a0\u306f\u3001\u57fa\u672c\u7684\u306b5\u3064\u306e\u8981\u56e0\u306b\u3088\u3063\u3066\u3082\u305f\u3089\u3055\u308c\u307e\u3059\uff1a\u7b2c1\u306b\u3001\u8239\u968a\u306e\u4e00\u90e8\u304c\u4f11\u6b62\u72b6\u614b\u3067\u3042\u308b\u3053\u3068\u306b\u3088\u308b\u30b3\u30b9\u30c8\u3001\u7b2c2\u306b\u3001\u518d\u7a3c\u50cd\u95a2\u9023\u8cbb\u7528\u3001\u7b2c3\u306b\u3001\u5f53\u56db\u534a\u671f\u4e2d\u306b15\u306e\u8239\u304c\u4e7e\u30c9\u30c3\u30af\u306b\u5165\u3063\u3066\u3044\u305f\u305f\u3081\u3001\u7b2c1\u56db\u534a\u671f\u4e2d\u306e\u4e7e\u30c9\u30c3\u30af\u65e5\u6570\u304c2019\u5e74\u7b2c1\u56db\u534a\u671f\u306e\u7d042\u500d\u3068\u306a\u308a\u3001\u7b2c4\u306b\u3001\u5065\u5eb7\u304a\u3088\u3073\u5b89\u5168\u30d7\u30ed\u30c8\u30b3\u30eb\u5f37\u5316\u7dad\u6301\u8cbb\u7528\u3001\u6700\u5f8c\u306b\u30a4\u30f3\u30d5\u30ec\u3067\u3059\u3002\u7b2c1\u56db\u534a\u671f\u306b\u8239\u968a\u306e\u4e00\u90e8\u304c\u4f11\u6b62\u72b6\u614b\u306b\u3042\u308a\u3001\u4e7e\u30c9\u30c3\u30af\u65e5\u6570\u304c\u591a\u304b\u3063\u305f\u305f\u3081\u3001\u3088\u308a\u5c11\u306a\u3044ALBD\u306b\u30b3\u30b9\u30c8\u3092\u5206\u6563\u3055\u305b\u305f\u3053\u3068\u3092\u601d\u3044\u51fa\u3057\u3066\u304f\u3060\u3055\u3044\u30022022\u5e74\u7b2c2\u56db\u534a\u671f\u306b\u306f\u3001\u30af\u30eb\u30fc\u30b8\u30f3\u30b0\u518d\u958b\u306b\u4f34\u3044\u3001\u3055\u3089\u306b24\u96bb\u306e\u8239\u304c\u4e7e\u30c9\u30c3\u30af\u306b\u5165\u308b\u4e88\u5b9a\u3067\u3042\u308a\u3001\u8239\u304c\u904b\u822a\u3057\u3066\u3044\u306a\u3044\u9593\u306e\u4e7e\u30c9\u30c3\u30af\u30b9\u30b1\u30b8\u30e5\u30fc\u30eb\u3092\u6700\u9069\u5316\u3057\u3001\u6700\u521d\u306e\u30b2\u30b9\u30c8\u3092\u8fce\u3048\u308b\u6642\u306b\u8239\u304c\u7f8e\u3057\u304f\u898b\u3048\u308b\u3088\u3046\u306b\u3059\u308b\u3053\u3068\u3092\u6307\u6458\u3057\u3066\u304a\u304d\u305f\u3044\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>\u3053\u308c\u306b\u3088\u308a\u3001\u5f53\u56db\u534a\u671f\u4e2d\u306e\u4e7e\u30c9\u30c3\u30af\u65e5\u6570\u306f2019\u5e74\u306b\u6bd4\u3079\u3066\u518d\u3073\u500d\u5897\u3057\u3001\u7b2c2\u56db\u534a\u671f\u306eALBD\u3042\u305f\u308a\u306e\u71c3\u6599\u3092\u9664\u3044\u305f\u8abf\u6574\u30af\u30eb\u30fc\u30ba\u30b3\u30b9\u30c8\u306b\u5f71\u97ff\u3092\u4e0e\u3048\u307e\u3059\u3002ALBD\u3042\u305f\u308a\u306e\u71c3\u6599\u306a\u3057\u306e\u8abf\u6574\u30af\u30eb\u30fc\u30ba\u30b3\u30b9\u30c8\u3092\u4e0a\u6607\u3055\u305b\u308b\u3053\u308c\u3089\u306e\u8cbb\u7528\u3084\u7d4c\u8cbb\u306e\u591a\u304f\u306f\u30012022\u5e74\u4e2d\u306b\u7d42\u4e86\u3057\u30012023\u5e74\u306b\u306f\u518d\u767a\u3057\u3066\u3044\u306a\u3044\u3068\u4e88\u60f3\u3057\u3066\u3044\u307e\u3059\u3002\u4e0a\u8a18\u306e\u3059\u3079\u3066\u306e\u7d50\u679c\u3068\u3057\u3066\u30012022\u5e74\u4e0a\u534a\u671f\u304b\u30892022\u5e74\u4e0b\u534a\u671f\u306b\u304b\u3051\u3066\u3001ALBD\u3042\u305f\u308a\u306e\u71c3\u6599\u3092\u9664\u3044\u305f\u8abf\u6574\u30af\u30eb\u30fc\u30ba\u30b3\u30b9\u30c8\u306f\u5927\u5e45\u306b\u6539\u5584\u3057\u30012022\u5e74\u901a\u5e74\u3067\u306f2019\u5e74\u3068\u6bd4\u8f03\u3057\u30662\u6841\u53f0\u524d\u534a\u306e\u5897\u52a0\u304c\u898b\u8fbc\u307e\u308c\u307e\u3059\u3002\u6b21\u306b\u3001\u7b2c1\u56db\u534a\u671f\u306e\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306e\u6982\u8981\u306b\u3064\u3044\u3066\u3054\u8aac\u660e\u3057\u307e\u3059\u3002<\/p>\n<p>2022\u5e74\u7b2c1\u56db\u534a\u671f\u306e\u6d41\u52d5\u6027\u306f\u3001\u7b2c4\u56db\u534a\u671f\u672b\u306e940\u4e07\u30c9\u30eb\u306b\u5bfe\u3057\u300172\u5104\u30c9\u30eb\u3067\u7d42\u4e86\u3057\u307e\u3057\u305f\u3002\u4eca\u5f8c\u3001\u6d41\u52d5\u6027\u3092\u8003\u616e\u3059\u308b\u3068\u3001\u5f53\u793e\u306f\u5f15\u304d\u7d9a\u304d\u826f\u3044\u30dd\u30b8\u30b7\u30e7\u30f3\u306b\u3044\u308b\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002\u5f53\u56db\u534a\u671f\u306e\u6d41\u52d5\u6027\u306e\u5909\u5316\u306f\u3001\u57fa\u672c\u7684\u306b4\u3064\u306e\u8981\u56e0\u306b\u3088\u3063\u3066\u3082\u305f\u3089\u3055\u308c\u307e\u3057\u305f\u3002\u307e\u305a\u3001\u30aa\u30df\u30af\u30ed\u30f3\u30fb\u30d0\u30ea\u30a2\u30f3\u30c8\u306e\u5f71\u97ff\u304c\u3042\u3063\u305f\u3082\u306e\u306e\u3001\u5ba2\u8239\u4e8b\u696d\u306e\u7d99\u7d9a\u7684\u306a\u518d\u958b\u306b\u3088\u308a\u3001\u30de\u30a4\u30ca\u30b9\u306e\u8abf\u6574\u5f8cEBITDA\u304c10\u5104\u30c9\u30eb\u306b\u6539\u5584\u3057\u305f\u3053\u3068\u3067\u3059\u3002\u79c1\u305f\u3061\u306f\u8abf\u6574\u5f8cEBITDA\u304c\u3082\u3063\u3068\u6539\u5584\u3059\u308b\u3068\u8003\u3048\u3066\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>\u3057\u304b\u3057\u3001\u5148\u307b\u3069\u7533\u3057\u4e0a\u3052\u305f\u3068\u304a\u308a\u3001\u30aa\u30df\u30af\u30ed\u30f3\u30fb\u30d0\u30ea\u30a2\u30f3\u30c8\u304c\u5f53\u56db\u534a\u671f\u306e\u7a3c\u50cd\u7387\u306e\u4f38\u3073\u3092\u6291\u5236\u3057\u3001\u8abf\u6574\u5f8cEBITDA\u306e\u6539\u5584\u306f\u9650\u5b9a\u7684\u3067\u3057\u305f\u3002\u6b21\u306b\u3001\u8f38\u51fa\u30af\u30ec\u30b8\u30c3\u30c8\u63a7\u9664\u5f8c\u306e\u8cc7\u672c\u652f\u51fa\u3068\u3057\u30664\u5104\u30c9\u30eb\u3092\u6295\u3058\u307e\u3057\u305f\u3002\u7b2c3\u306b\u30015\u5104\u7c73\u30c9\u30eb\u306e\u501f\u5165\u91d1\u5143\u672c\u8fd4\u6e08\u3002\u305d\u3057\u30664\u3064\u76ee\u306f\u3001\u5f53\u56db\u534a\u671f\u306e\u652f\u6255\u5229\u606f\u304c4\u5104\u30c9\u30eb\u3068\u306a\u3063\u305f\u3053\u3068\u3067\u3059\u3002<\/p>\n<p>\u6b21\u306b\u3001\u4e88\u7d04\u72b6\u6cc1\u3067\u3059\u3002\u6708\u4e2d\u65ec\u4ee5\u964d\u3001\u4eca\u5f8c\u306e\u51fa\u822a\u306b\u5411\u3051\u305f\u4e88\u7d04\u6570\u91cf\u306f\u6539\u5584\u50be\u5411\u306b\u3042\u308a\u307e\u3059\u3002\u6700\u8fd1\u306e\u9031\u9593\u4e88\u7d04\u6570\u306f\u3001\u5ba2\u8239\u4e8b\u696d\u518d\u958b\u4ee5\u6765\u306e\u6700\u9ad8\u5024\u3092\u66f4\u65b0\u3057\u3066\u3044\u307e\u3059\u3002\u7b2c1\u56db\u534a\u671f\u306f\u3001\u30aa\u30df\u30af\u30ed\u30f3\u30d0\u30ea\u30a8\u30fc\u30b7\u30e7\u30f3\u306e\u5f71\u97ff\u3067\u3001\u901a\u5e38\u306e\u6ce2\u4e57\u308a\u30b7\u30fc\u30ba\u30f3\u307b\u3069\u306e\u30da\u30fc\u30b9\u3067\u306f\u306a\u3044\u3082\u306e\u306e\u30012022\u5e74\u5f8c\u534a\u306e\u4e88\u7d04\u5360\u6709\u7387\u306e\u30dd\u30b8\u30b7\u30e7\u30f3\u3092\u9ad8\u3081\u307e\u3057\u305f\u3002<\/p>\n<p>\u305d\u306e\u7d50\u679c\u30012022\u5e74\u4e0b\u534a\u671f\u306e\u7d2f\u7a4d\u5148\u884c\u4e88\u7d04\u30dd\u30b8\u30b7\u30e7\u30f3\u306f\u3001\u904e\u53bb\u306e\u30ec\u30f3\u30b8\u306e\u4e0b\u9650\u3068\u306a\u308a\u307e\u3057\u305f\u3002\u3057\u304b\u3057\u3001\u6700\u8fd1\u306e\u4e88\u7d04\u91cf\u306e\u6539\u5584\u3001\u4e88\u7d04\u30d1\u30bf\u30fc\u30f3\u306e\u8fd1\u3055\u3001\u6ce2\u6d6a\u30b7\u30fc\u30ba\u30f3\u306e\u5ef6\u9577\u306e\u4e88\u60f3\u304b\u3089\u3001\u73fe\u5728\u306e2022\u5e74\u4e0b\u671f\u306e\u30d6\u30c3\u30af\u30dd\u30b8\u30b7\u30e7\u30f3\u306f\u5341\u5206\u306a\u72b6\u6cc1\u306b\u3042\u308b\u3068\u8003\u3048\u307e\u3059\u30022022\u5e74\u3092\u901a\u3057\u3066\u7a3c\u50cd\u7387\u306f\u4e0a\u6607\u3057\u30012023\u5e74\u306b\u306f\u904e\u53bb\u306e\u6c34\u6e96\u306b\u623b\u308b\u3068\u5f15\u304d\u7d9a\u304d\u4e88\u60f3\u3057\u3066\u3044\u307e\u3059\u3002\u305d\u3057\u3066\u91cd\u8981\u306a\u3053\u3068\u306f\u30012022\u5e74\u5f8c\u534a\u306e\u3053\u308c\u3089\u306e\u4e88\u7d04\u306e\u4fa1\u683c\u304c\u30012019\u5e74\u306e\u822a\u6d77\u3068\u6bd4\u8f03\u3057\u3066\u3001\u30d0\u30f3\u30c9\u30eb\u30d1\u30c3\u30b1\u30fc\u30b8\u3067\u6b63\u898f\u5316\u3055\u308c\u305f\u30d5\u30e5\u30fc\u30c1\u30e3\u30fc\u30af\u30eb\u30fc\u30ba\u30af\u30ec\u30b8\u30c3\u30c8\u3001\u3088\u308a\u4e00\u822c\u7684\u306b\u306fFCC\u3068\u547c\u3070\u308c\u308b\u3082\u306e\u306e\u6709\u7121\u306b\u304b\u304b\u308f\u3089\u305a\u3001\u5f15\u304d\u7d9a\u304d\u9ad8\u3044\u3053\u3068\u3092\u5831\u544a\u3067\u304d\u308b\u3053\u3068\u3092\u5b09\u3057\u304f\u601d\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>2023\u5e74\u4e0a\u534a\u671f\u306e\u5148\u884c\u4e88\u7d04\u306e\u7d2f\u7a4d\u30dd\u30b8\u30b7\u30e7\u30f3\u306f\u3001\u904e\u53bb\u306e\u30ec\u30f3\u30b8\u306e\u4e0a\u9650\u306b\u3042\u308a\u3001\u30d0\u30f3\u30c9\u30eb\u30d1\u30c3\u30b1\u30fc\u30b8\u3067\u6b63\u898f\u5316\u3055\u308c\u305fFCC\u306e\u6709\u7121\u306b\u304b\u304b\u308f\u3089\u305a\u30012019\u5e74\u306e\u51fa\u822a\u3068\u6bd4\u8f03\u3057\u3066\u9ad8\u3044\u4fa1\u683c\u3067\u63a8\u79fb\u3057\u3066\u3044\u307e\u3059\u3002\u3053\u308c\u306f\u30012019\u5e74\u306e\u822a\u6d77\u306e\u4e88\u7d04\u306e\u4fa1\u683c\u8a2d\u5b9a\u306f\u3001\u904e\u53bb\u306e\u5229\u56de\u308a\u306e\u9ad8\u3044\u57fa\u6e96\u3067\u3042\u3063\u305f\u305f\u3081\u3001\u6bd4\u8f03\u3059\u308b\u306e\u304c\u96e3\u3057\u3044\u3053\u3068\u3092\u8003\u3048\u308b\u3068\u3001\u5927\u304d\u306a\u6210\u679c\u3067\u3059\u3002\u6700\u5f8c\u306b\u3001\u8abf\u6574\u5f8cEBITDA\u3068\u7d14\u5229\u76ca\u306e\u4e88\u60f3\u306b\u3064\u3044\u3066\u3054\u8aac\u660e\u3057\u307e\u3059\u3002\u79c1\u305f\u3061\u306f\u7686\u3001\u4e88\u7d04\u52d5\u5411\u304c\u4e8b\u696d\u306e\u5065\u5168\u6027\u3092\u793a\u3059\u5148\u884c\u6307\u6a19\u3067\u3042\u308b\u3053\u3068\u3092\u77e5\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u6700\u8fd1\u306e\u4e88\u7d04\u52d5\u5411\u306e\u6539\u5584\u306b\u3088\u308a\u3001\u9867\u5ba2\u9810\u91d1\u304c\u5897\u52a0\u3057\u3001\u8abf\u6574\u5f8cEBITDA\u306e\u9ed2\u5b57\u5316\u306f\u660e\u3089\u304b\u306b\u8996\u91ce\u306b\u5165\u3063\u3066\u3044\u307e\u3059\u3002\u4eca\u5f8c\u6570\u30f6\u6708\u306e\u9593\u306b\u3001\u3088\u308a\u591a\u304f\u306e\u8239\u304c\u904b\u822a\u3092\u518d\u958b\u3057\u3001\u7a3c\u50cd\u7387\u304c\u5411\u4e0a\u3059\u308b\u306b\u3064\u308c\u3066\u3001\u8239\u8236\u30ec\u30d9\u30eb\u306e\u73fe\u91d1\u53ce\u652f\u304c\u5897\u52a0\u3059\u308b\u3082\u306e\u3068\u601d\u308f\u308c\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u3059\u3067\u306b\u7533\u3057\u4e0a\u3052\u305f\u3088\u3046\u306b\u30012022\u5e74\u5ea6\u4e0a\u534a\u671f\u306e\u8abf\u6574\u5f8cEBITDA\u306f\u3001\u518d\u7a3c\u50cd\u95a2\u9023\u306e\u652f\u51fa\u3084\u4e7e\u30c9\u30c3\u30af\u8cbb\u7528\u306e\u5f71\u97ff\u3092\u53d7\u3051\u3066\u304a\u308a\u3001\u307e\u305f2022\u5e74\u5ea6\u4e0a\u534a\u671f\u306b\u5f53\u793e\u30d5\u30ea\u30fc\u30c8\u306e40%\u4ee5\u4e0a\u306b\u3042\u305f\u308b39\u96bb\u304c\u4e7e\u30c9\u30c3\u30af\u5165\u308a\u3057\u3066\u3044\u308b\u305f\u3081\u3001\u5f71\u97ff\u3092\u53d7\u3051\u308b\u3068\u601d\u308f\u308c\u307e\u3059\u3002\u3053\u308c\u3089\u306e\u8981\u56e0\u3092\u3059\u3079\u3066\u5408\u308f\u305b\u308b\u3068\u3001\u6708\u6b21\u306e\u8abf\u6574\u5f8cEBITDA\u306f\u6539\u5584\u3092\u7d9a\u3051\u3001\u590f\u5834\u306e\u30b7\u30fc\u30ba\u30f3\u958b\u59cb\u6642\u306b\u306f\u4e00\u8cab\u3057\u3066\u30d7\u30e9\u30b9\u306b\u8ee2\u3058\u308b\u3068\u4e88\u60f3\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>2022\u5e74\u5ea6\u7b2c2\u56db\u534a\u671f\u306f\u3001\u7c73\u56fd\u4f1a\u8a08\u57fa\u6e96\u304a\u3088\u3073\u8abf\u6574\u5f8c\u30d9\u30fc\u30b9\u3067\u5f15\u304d\u7d9a\u304d\u5f53\u671f\u7d14\u640d\u5931\u3092\u898b\u8fbc\u3093\u3067\u3044\u307e\u3059\u3002\u3057\u304b\u3057\u30012022 \u5e74\u7b2c 3 \u56db\u534a\u671f\u306f\u9ed2\u5b57\u3092\u898b\u8fbc\u3093\u3067\u3044\u307e\u3059\u3002\u901a\u671f\u3067\u306f\u3001\u7d14\u640d\u5931\u3092\u898b\u8fbc\u3093\u3067\u3044\u307e\u3059\u3002<\/p>\n<p>2023\u5e74\u306e\u660e\u308b\u3044\u672a\u6765\u306b\u76ee\u3092\u5411\u3051\u308b\u3068\u3001\u5168\u30d5\u30ea\u30fc\u30c8\u304c\u901a\u5e74\u3067\u904b\u822a\u3092\u518d\u958b\u3057\u30012019\u5e74\u3088\u308a8%\u5897\u306e\u30ad\u30e3\u30d1\u30b7\u30c6\u30a3\u3068\u3001\u30ad\u30e3\u30d1\u30b7\u30c6\u30a3\u306e\u7d044\u5206\u306e1\u304c\u65b0\u9020\u8239\u3067\u69cb\u6210\u3055\u308c\u3066\u3044\u308b\u30d5\u30ea\u30fc\u30c8\u30d7\u30ed\u30d5\u30a1\u30a4\u30eb\u306e\u6539\u5584\u3001\u5091\u51fa\u3057\u305f\u30cd\u30c3\u30c8\u30d7\u30ed\u30e2\u30fc\u30bf\u30fc\u30b9\u30b3\u30a2\u306e\u52e2\u3044\u306e\u7d99\u7d9a\u3001\u904e\u53bb\u306e\u30ec\u30d9\u30eb\u306b\u623b\u3063\u305f\u7a3c\u50cd\u7387\u306b\u3088\u308a\u3001\u7d041400\u4e07\u306e\u30b2\u30b9\u30c8\u306b\u601d\u3044\u51fa\u306e\u30d0\u30b1\u30fc\u30b7\u30e7\u30f3\u4f53\u9a13\u3092\u63d0\u4f9b\u3057\u30012019\u5e74\u3088\u308a\u5927\u304d\u306a\u8abf\u6574\u6e08\u307fEBITDA\u3092\u751f\u307f\u51fa\u3059\u53ef\u80fd\u6027\u304c\u3042\u308b\u3082\u306e\u3068\u671f\u5f85\u3057\u3066\u3044\u307e\u3059\u3002\u305d\u308c\u3067\u306f\u3001\u30a2\u30fc\u30ce\u30eb\u30c9\u306b\u96fb\u8a71\u3092\u623b\u3057\u307e\u3059\u3002<\/p>\n<p>\u30a2\u30fc\u30ce\u30eb\u30c9\u30fb\u30c9\u30ca\u30eb\u30c9<\/p>\n<p>\u30c7\u30a4\u30d3\u30c3\u30c9\u3055\u3093\u3001\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u30aa\u30da\u30ec\u30fc\u30bf\u30fc\u3001\u8cea\u554f\u3092\u53d7\u3051\u4ed8\u3051\u307e\u3059\u3002<\/p>\n<p class=\"hh hh6 main-c main-bdr\"><span class=\"big\"><strong>\u8cea\u7591\u5fdc\u7b54<\/strong><\/span><\/p>\n<p>\u904b\u55b6\u8005<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002[\u305d\u308c\u3067\u306f\u6700\u521d\u306e\u8cea\u554f\u3092UBS\u306e\u30ed\u30d3\u30f3\u30fb\u30d5\u30a1\u30fc\u30ec\u30a4\u3055\u3093\u304b\u3089\u304a\u9858\u3044\u3057\u307e\u3059\u3002\u3069\u3046\u305e\u3002<\/p>\n<p>Robin Farley &#8212; UBS &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u7d20\u6674\u3089\u3057\u3044\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u304a\u306f\u3088\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u53ce\u76ca\u3068\u8cbb\u7528\u306b\u3064\u3044\u30661\u3064\u305a\u3064\u8cea\u554f\u3055\u305b\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>\u7d4c\u8cbb\u306b\u3064\u3044\u3066\u306f\u3001\u7b2c1\u56db\u534a\u671f\u306f20%\u5897\u3001\u3053\u308c\u306f\u975e\u71c3\u6599\u8cbb\u3067\u3059\u304c\u300125%\u5897\u3067\u3001\u5e74\u9593\u3067\u306f2\u6841\u524d\u534a\u306e\u5897\u52a0\u3068\u3044\u3046\u3053\u3068\u3067\u3057\u305f\u306d\u3002\u3067\u3059\u304b\u3089\u3001\u3053\u308c\u304c\u5e74\u959311\uff05\u3068\u304b12\uff05\u3068\u304b\u4e0a\u304c\u3063\u3066\u3044\u308b\u3068\u3059\u308b\u3068\u3001\u4eca\u5e74\u672b\u306b\u306f2019\u5e74\u3068\u307b\u307c\u6a2a\u3070\u3044\u306b\u306a\u308b\u3088\u3046\u306a\u6c17\u304c\u3059\u308b\u306e\u3067\u3059\u304c\u3001\u3044\u304b\u304c\u3067\u3057\u3087\u3046\u304b\u3002\u3060\u304b\u3089\u3001\u3053\u306e\u6570\u5b57\u306b\u3064\u3044\u3066\u6b63\u3057\u304f\u8003\u3048\u3066\u3044\u308b\u304b\u3069\u3046\u304b\u3092\u78ba\u8a8d\u3057\u305f\u304b\u3063\u305f\u3093\u3067\u3059\u3002\u305d\u3057\u3066\u3001\u3042\u306a\u305f\u306e\u30b3\u30e1\u30f3\u30c8\u306b\u306f\u3001\u8239\u8236\u306e\u8ca9\u58f2\u306b\u3088\u308a\u30012023\u5e74\u306e\u71c3\u6599\u8cbb\u4ee5\u5916\u306e\u55b6\u696d\u8cbb\u7528\u304c19\u5e74\u306b\u5bfe\u3057\u30665\uff05\u524a\u6e1b\u3055\u308c\u308b\u3068\u3044\u3046\u8003\u3048\u65b9\u304c\u3042\u308a\u307e\u3057\u305f\u3002<\/p>\n<p>\u3067\u3059\u304b\u3089\u300123\u5e74\u306b\u3064\u3044\u3066\u306f\u5b8c\u5168\u306a\u30ac\u30a4\u30c0\u30f3\u30b9\u3092\u793a\u3057\u3066\u3044\u308b\u308f\u3051\u3067\u306f\u306a\u3044\u306e\u3067\u3057\u3087\u3046\u3002\u3057\u304b\u3057\u3001\u71c3\u6599\u8cbb\u4ee5\u5916\u306e\u7d4c\u8cbb\u306f\u4eca\u5e74\u672b\u306b\u306f\u6a2a\u3070\u3044\u306b\u306a\u308a\u3001\u6765\u5e74\u306f5%\u6e1b\u306b\u306a\u308b\u3068\u3044\u3046\u8003\u3048\u65b9\u306f\u6b63\u3057\u3044\u3067\u3057\u3087\u3046\u304b\uff1f\u305d\u308c\u304c\u7d4c\u8cbb\u306e\u554f\u984c\u3067\u3059\u3002\u305d\u308c\u304b\u3089\u53ce\u76ca\u9762\u3067\u306f\u3001\u660e\u3089\u304b\u306b\u6570\u91cf\u5897\u3068\u3044\u3046\u30dd\u30b8\u30c6\u30a3\u30d6\u306a\u30cb\u30e5\u30fc\u30b9\u304c\u305f\u304f\u3055\u3093\u3042\u308a\u307e\u3059\u3002\u30e8\u30fc\u30ed\u30c3\u30d1\u4ee5\u5916\u306e\u5730\u57df\u3067\u306f\u4fa1\u683c\u304c\u3069\u306e\u3088\u3046\u306b\u7dad\u6301\u3055\u308c\u3066\u3044\u308b\u306e\u304b\u3001\u307e\u305f\u3001\u30e8\u30fc\u30ed\u30c3\u30d1\u306e\u30af\u30eb\u30fc\u30ba\u304c\u3069\u306e\u3088\u3046\u306b\u5897\u52a0\u3057\u3066\u3044\u308b\u306e\u304b\u3001\u904e\u53bb12\u30f6\u6708\u306e\u9593\u3001\u4fa1\u683c\u304c\u9ad8\u304b\u3063\u305f\u30af\u30eb\u30fc\u30ba\u304c\u590f\u306b\u5411\u3051\u3066\u30b7\u30d5\u30c8\u3057\u3066\u3044\u308b\u306e\u304b\u3082\u3057\u308c\u307e\u305b\u3093\u304c\u3001\u4fa1\u683c\u306e\u5f71\u97ff\u3068\u3044\u3046\u70b9\u3067\u306f\u30e8\u30fc\u30ed\u30c3\u30d1\u306e\u9700\u8981\u306e\u5897\u52a0\u304c\u3069\u306e\u3088\u3046\u306b\u898b\u3048\u308b\u306e\u304b\u3001\u3082\u3046\u5c11\u3057\u5177\u4f53\u7684\u306b\u6559\u3048\u3066\u3044\u305f\u3060\u3051\u306a\u3044\u304b\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>\u30a2\u30fc\u30ce\u30eb\u30c9\u30fb\u30c9\u30ca\u30eb\u30c9<\/p>\n<p>\u30ed\u30d6\u3055\u3093\u3001\u304a\u306f\u3088\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u4e21\u65b9\u306b\u3064\u3044\u3066\u3001\u30c7\u30d3\u30c3\u30c9\u306b\u5c11\u3057\u30b3\u30e1\u30f3\u30c8\u3055\u305b\u307e\u3059\u3002\u3057\u304b\u3057\u65b9\u5411\u6027\u3068\u3057\u3066\u306f\u3001\u30b3\u30b9\u30c8\u306e\u554f\u984c\u3067\u306f\u3001\u5f7c\u304c\u660e\u78ba\u306b\u8ff0\u3079\u305f\u3088\u3046\u306b\u3001\u79c1\u305f\u3061\u306f\u591a\u304f\u306e\u751f\u7523\u80fd\u529b\u3092\u4e7e\u71e5\u30c9\u30c3\u30af\u306a\u3069\u306b\u51fa\u3057\u3066\u3044\u307e\u3057\u305f\u3002\u305d\u306e\u305f\u3081\u3001\u30b3\u30b9\u30c8\u5897\u3092\u8003\u616e\u3059\u308b\u3068\u3001\u3088\u308a\u5c11\u306a\u3044\u53f0\u6570\u3067\u3044\u308d\u3044\u308d\u306a\u3053\u3068\u3092\u884c\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u307e\u305f\u3001\u4e00\u6642\u7684\u306a\u30b3\u30b9\u30c8\u306a\u3069\u3082\u591a\u304f\u3042\u308a\u307e\u3057\u305f\u3002\u305d\u306e\u305f\u3081\u3001\u6765\u5e74\u306e\u30ac\u30a4\u30c0\u30f3\u30b9\u306f\u51fa\u3057\u3066\u3044\u307e\u305b\u3093\u3002\u3057\u304b\u3057\u3001\u3054\u6307\u6458\u306e\u3068\u304a\u308a\u3001\u4e0b\u534a\u671f\u3092\u898b\u901a\u305b\u3070\u3001\u30b3\u30b9\u30c8\u4e0a\u6607\u304c\u3069\u306e\u3088\u3046\u306b\u6291\u3048\u3089\u308c\u308b\u304b\u3001\u6b63\u3057\u3044\u65b9\u5411\u6027\u3092\u793a\u3057\u3066\u3044\u308b\u3068\u601d\u3044\u307e\u3059\u3002\u307e\u305f\u3001\u8239\u968a\u306e\u5165\u308c\u66ff\u3048\u3092\u542b\u3081\u3001\u591a\u304f\u306e\u3053\u3068\u3092\u884c\u3063\u3066\u304d\u307e\u3057\u305f\u3002\u8239\u8179\u306e25\uff05\u306f\u65b0\u9020\u8239\u3067\u3001\u672c\u6765\u306f\u3088\u308a\u52b9\u7387\u7684\u306a\u8239\u3067\u3059\u3002<\/p>\n<p>\u307e\u305f\u3001\u65e2\u5b58\u306e\u8239\u968a\u306b\u5bfe\u3057\u3066\u884c\u3063\u305f\u7a4d\u6975\u7684\u306a\u7ba1\u7406\u3001\u52b9\u7387\u306e\u60aa\u3044\u8239\u304b\u3089\u306e\u64a4\u9000\u3001\u305d\u3057\u3066\u9678\u4e0a\u3067\u306e\u7ba1\u7406\u3082\u884c\u3063\u3066\u3044\u307e\u3059\u3002\u30a4\u30f3\u30d5\u30ec\u3092\u76f8\u6bba\u3057\u3001\u30b3\u30b9\u30c8\u30fb\u30a4\u30f3\u30d5\u30e9\u30b9\u30c8\u30e9\u30af\u30c1\u30e3\u30fc\u306e\u89b3\u70b9\u304b\u3089\u4f01\u696d\u3068\u3057\u3066\u306e\u5730\u4f4d\u3092\u78ba\u7acb\u3059\u308b\u305f\u3081\u306b\u3001\u69d8\u3005\u306a\u3053\u3068\u3092\u884c\u3063\u3066\u3044\u307e\u3059\u3002\u305d\u308c\u3067\u306f\u3001David\u3001\u3042\u306a\u305f\u304c\u30b3\u30b9\u30c8\u306b\u3064\u3044\u3066\u30b3\u30e1\u30f3\u30c8\u3057\u3001\u79c1\u305f\u3061\u306f\u53ce\u76ca\u306b\u623b\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002\u30c7\u30a4\u30d3\u30c3\u30c9\u3001\u3069\u3046\u305e\u3002<\/p>\n<p>David Bernstein &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3002\u65b9\u5411\u6027\u3068\u3057\u3066\u306f\u3001\u30ed\u30d3\u30f3\u3001\u3042\u306a\u305f\u306e\u8a08\u7b97\u306f\u6b63\u3057\u3044\u3067\u3059\u3002\u901a\u671f\u30672\u6841\u524d\u534a\u306b\u623b\u3059\u306b\u306f\u3001\u5e74\u672b\u307e\u3067\u306b\u5e73\u5766\u306a\u9818\u57df\u306b\u5411\u304b\u3046\u3088\u3046\u306a\u65b9\u5411\u6027\u306b\u6301\u3063\u3066\u3044\u304f\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002\u305f\u3060\u3001\u4f55\u5ea6\u3082\u7533\u3057\u4e0a\u3052\u3066\u3044\u308b\u3053\u3068\u3067\u3059\u304c\u30011\u3064\u6ce8\u610f\u3057\u3066\u3044\u305f\u3060\u304d\u305f\u3044\u3053\u3068\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<p>\u30c9\u30e9\u30a4\u30c9\u30c3\u30af\u3084\u5e83\u544a\u306a\u3069\u3001\u3055\u307e\u3056\u307e\u306a\u8981\u56e0\u3067\u30b3\u30b9\u30c8\u306f\u56db\u534a\u671f\u3054\u3068\u306b\u5909\u52d5\u3057\u307e\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u30a2\u30fc\u30ce\u30eb\u30c9\u304c\u8a00\u3063\u305f\u3088\u3046\u306b\u30012023\u5e74\u306b\u3064\u3044\u3066\u306f\u30ac\u30a4\u30c0\u30f3\u30b9\u3092\u51fa\u3057\u3066\u3044\u307e\u305b\u3093\u3002\u305d\u3057\u3066\u30012023\u5e74\u306e\u55b6\u696d\u30b3\u30b9\u30c8\u3068\u8abf\u6574\u5f8c\u30af\u30eb\u30fc\u30ba\u30b3\u30b9\u30c8\u306e\u6539\u5584\u3092\u9054\u6210\u3059\u308b\u305f\u3081\u306e\u8ffd\u3044\u98a8\u3068\u306a\u308b\u3088\u3046\u306a\u3001\u5168\u4f53\u7684\u306a\u3053\u3068\u3092\u8ff0\u3079\u3066\u3044\u307e\u3059\u3002\u307e\u305f\u3001\u30ad\u30e3\u30d1\u30b7\u30c6\u30a3\u304c8\uff05\u5897\u3048\u307e\u3059\u306e\u3067\u30012019\u5e74\u306b\u5bfe\u3057\u3066\u30ec\u30d0\u30ec\u30c3\u30b8\u304c\u52b9\u304f\u3068\u3044\u3046\u3053\u3068\u3082\u7533\u3057\u4e0a\u3052\u3066\u304a\u304d\u307e\u3059\u3002<\/p>\n<p>\u307e\u305f\u3001\u30b7\u30e7\u30a2\u30b5\u30a4\u30c9\u306e\u8ca9\u7ba1\u8cbb\u306e\u30ec\u30d0\u30ec\u30c3\u30b8\u3082\u3042\u308a\u307e\u3059\u3002\u3057\u304b\u3057\u30014 \u5e74\u9593\u306e\u30a4\u30f3\u30d5\u30ec\u304c\u9006\u98a8\u306b\u306a\u3063\u3066\u3044\u308b\u3053\u3068\u3092\u304a\u65ad\u308a\u3057\u3066\u304a\u304d\u307e\u3059\u3002\u3053\u308c\u304c\u8ab2\u984c\u3067\u3059\u3002\u3067\u3059\u304b\u3089\u30012023\u5e74\u306e\u30b3\u30b9\u30c8\u7ba1\u7406\u3092\u304d\u3061\u3093\u3068\u884c\u3046\u305f\u3081\u306b\u3001\u3067\u304d\u308b\u3053\u3068\u306f\u3059\u3079\u3066\u884c\u3044\u307e\u3059\u3002<\/p>\n<p>\u3057\u304b\u3057\u3001\u73fe\u6642\u70b9\u3067\u306f\u30ac\u30a4\u30c0\u30f3\u30b9\u3092\u51fa\u3059\u306e\u306f\u5c11\u3057\u6642\u671f\u5c1a\u65e9\u3067\u3059\u3002<\/p>\n<p>\u30a2\u30fc\u30ce\u30eb\u30c9\u30fb\u30c9\u30ca\u30eb\u30c9<\/p>\n<p>\u30c7\u30a4\u30d3\u30c3\u30c9\u3055\u3093\u3001\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u307e\u305a\u306f\u53ce\u76ca\u304b\u3089\u3067\u3059\u304b\u3001David\uff1f\u305d\u3057\u3066\u3001\u79c1\u304c\u307e\u3068\u3081\u307e\u3059\u3002\u3069\u3046\u305e\u3002<\/p>\n<p>David Bernstein &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u53ce\u76ca\u9762\u3067\u8208\u5473\u6df1\u3044\u306e\u306f\u3001\u3059\u3079\u3066\u306e\u65c5\u7a0b\u3092\u898b\u305f\u3068\u304d\u306b\u3001\u6700\u8fd1\u306e\u4e88\u7d04\u6570\u304c\u5897\u52a0\u3057\u3066\u3044\u308b\u3053\u3068\u3092\u7533\u3057\u4e0a\u3052\u307e\u3057\u305f\u3002\u30ab\u30ea\u30d6\u6d77\u3001\u5730\u4e2d\u6d77\u3001\u305d\u3057\u3066\u5317\u6b27\u306e\u4e00\u90e8\u3067\u3082\u3001\u3059\u3079\u3066\u306e\u65c5\u7a0b\u3067\u305d\u306e\u3088\u3046\u306a\u4e0a\u6607\u50be\u5411\u304c\u898b\u3089\u308c\u307e\u3059\u3002\u3082\u3061\u308d\u3093\u3001\u30a2\u30fc\u30ce\u30eb\u30c9\u304c\u30e1\u30e2\u3067\u8a00\u3063\u3066\u3044\u305f\u3088\u3046\u306b\u3001\u4eca\u5e74\u306e\u6b8b\u308a\u306f4.6%\u306e\u30ad\u30e3\u30d1\u30b7\u30c6\u30a3\u306e\u78ba\u4fdd\u304c\u5fc5\u8981\u3067\u3059\u3002<\/p>\n<p>\u30b5\u30f3\u30af\u30c8\u30da\u30c6\u30eb\u30d6\u30eb\u30af\u306b\u884c\u3063\u305f\u306e\u306f\u3001\u5b9f\u969b\u306b\u306f\u901a\u5e74\u30673.8%\u3067\u3059\u3002\u305d\u3057\u3066\u3001\u304a\u305d\u3089\u304f\u3067\u3059\u304c\u30012\u96bb\u306e\u8239\u3092\u79fb\u52d5\u3055\u305b\u307e\u3057\u305f\u3002\u30d0\u30eb\u30c8\u6d77\u306b\u505c\u6cca\u3057\u3066\u3044\u308b\u6b8b\u308a\u306e\u8239\u306f\u3001\u4ed6\u306e\u6e2f\u306b\u884c\u304f\u3088\u3046\u9b45\u529b\u7684\u306a\u65c5\u7a0b\u306b\u5909\u66f4\u3057\u307e\u3057\u305f\u3002<\/p>\n<p>\u305d\u306e\u305f\u3081\u3001\u3053\u308c\u3089\u306e\u8239\u306e\u4e88\u7d04\u306b\u5f71\u97ff\u304c\u51fa\u3066\u3044\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u307e\u3060\u59cb\u307e\u3063\u305f\u3070\u304b\u308a\u3067\u3001\u65c5\u7a0b\u3092\u5909\u66f4\u3057\u305f\u3070\u304b\u308a\u3067\u3042\u308b\u3053\u3068\u3092\u5fd8\u308c\u306a\u3044\u3067\u304f\u3060\u3055\u3044\u3002\u3067\u3059\u304b\u3089\u3001\u30e1\u30c3\u30bb\u30fc\u30b8\u3092\u767a\u4fe1\u3057\u3066\u3044\u304b\u306a\u3051\u308c\u3070\u306a\u308a\u307e\u305b\u3093\u3002\u3057\u304b\u3057\u3001\u305d\u306e\u4ed6\u306e\u65c5\u7a0b\u306b\u3064\u3044\u3066\u306f\u3001\u5730\u4e2d\u6d77\u3001\u6771\u6b27\u3001\u897f\u6b27\u3001\u30ab\u30ea\u30d6\u6d77\u3001\u305d\u306e\u4ed6\u306e\u5730\u57df\u306a\u3069\u3001\u5168\u4f53\u7684\u306b\u5805\u8abf\u306a\u4e88\u7d04\u52d5\u5411\u3068\u5805\u8abf\u306a\u4fa1\u683c\u8a2d\u5b9a\u304c\u78ba\u8a8d\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u53ce\u76ca\u7ba1\u7406\u30c1\u30fc\u30e0\u304c\u4fa1\u683c\u8a2d\u5b9a\u3092\u7dad\u6301\u3057\u3066\u3044\u308b\u3053\u3068\u306f\u7533\u3057\u4e0a\u3052\u307e\u3057\u305f\u3002\u305d\u3057\u3066\u3001\u826f\u3044\u30dc\u30ea\u30e5\u30fc\u30e0\u304c\u898b\u3089\u308c\u3066\u3044\u307e\u3059\u3002\u7b2c2\u56db\u534a\u671f\u306e\u4e88\u7d04\u306f\u30012019\u5e74\u306e\u30ec\u30d9\u30eb\u3092\u8d85\u3048\u308b\u30dc\u30ea\u30e5\u30fc\u30e0\u304c\u3042\u3063\u305f\u3053\u3068\u3092\u6307\u6458\u3057\u3066\u304a\u304d\u307e\u3059\u304c\u3001\u3053\u308c\u306f\u3001\u7b2c2\u56db\u534a\u671f\u306b\u8ca9\u58f2\u3059\u308b\u5728\u5eab\u304c2019\u5e74\u3088\u308a\u3082\u591a\u3044\u3068\u3044\u3046\u89b3\u70b9\u304b\u3089\u3059\u308b\u3068\u3001\u9a5a\u304f\u3053\u3068\u3067\u306f\u306a\u3044\u3068\u601d\u3044\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u9700\u8981\u304c\u3042\u308a\u3001\u6570\u91cf\u304c\u51fa\u3066\u3044\u308b\u306e\u306f\u7d20\u6674\u3089\u3057\u3044\u3053\u3068\u3067\u3059\u3002<\/p>\n<p>\u307e\u305f\u3001\u30a2\u30fc\u30ce\u30eb\u30c9\u304c\u30e1\u30e2\u3067\u793a\u3057\u305f\u3088\u3046\u306b\u30013\u6708\u306f\u7a3c\u50cd\u7387\u304c70%\u306b\u8fd1\u3065\u3044\u3066\u304d\u3066\u3044\u307e\u3059\u3002\u3055\u3089\u306b\u3001\u5f7c\u304c\u8a00\u3063\u305f\u3068\u601d\u3044\u307e\u3059\u304c\u3001\u7a3c\u50cd\u7387\u304c100\uff05\u3092\u8d85\u3048\u305f\u3001\u3042\u308b\u3044\u306f100\uff05\u3092\u8d85\u3048\u308b\u898b\u8fbc\u307f\u306e\u822a\u6d77\u304c40\u56de\u3042\u308a\u307e\u3057\u305f\u3002\u3067\u3059\u304b\u3089\u3001\u79c1\u305f\u3061\u306f\u4e16\u754c\u5404\u5730\u3067\u826f\u3044\u30dd\u30b8\u30b7\u30e7\u30f3\u306b\u3064\u3051\u3066\u3044\u308b\u3068\u601d\u3044\u307e\u3059\u3002\u307e\u305f\u3001\u4ed6\u306e\u9b45\u529b\u7684\u306a\u6e2f\u3067\u518d\u8abf\u6574\u3092\u884c\u3063\u305f\u306e\u3067\u3001\u6b8b\u308a\u306e\u65c5\u7a0b\u3092\u518d\u3073\u4e88\u7d04\u3057\u3066\u3044\u305f\u3060\u3051\u308b\u3088\u3046\u3001\u61f8\u547d\u306b\u52aa\u529b\u3057\u307e\u3059\u3002<\/p>\n<p>Robin Farley &#8212; UBS &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u3042\u3042\u3001\u305d\u308c\u306f\u7d20\u6674\u3089\u3057\u3044\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u3053\u306e\u30b3\u30e1\u30f3\u30c8\u306f\u3001\u6295\u8cc7\u5bb6\u304c\u61f8\u5ff5\u3057\u3066\u3044\u305f\u3053\u3068\u306e\u591a\u304f\u306b\u5bfe\u5fdc\u3057\u3066\u3044\u308b\u3068\u601d\u3044\u307e\u3059\u3002\u305d\u308c\u304b\u3089\u3001\u71c3\u6599\u8cbb\u3092\u9664\u304f\u55b6\u696d\u7d4c\u8cbb\u30922023\u5e74\u307e\u3067\u306b19\u5e74\u6bd4\u30675\uff05\u524a\u6e1b\u3059\u308b\u3068\u3044\u3046\u304a\u8a71\u3067\u3059\u304c\u3001\u805e\u304d\u9055\u3044\u3067\u3057\u3087\u3046\u304b\uff1f<\/p>\n<p>\u305d\u308c\u306f5\uff05\u3067\u3059\u304b\uff1f<\/p>\n<p>\u30c7\u30fc\u30d3\u30c3\u30c9\u30fb\u30d0\u30fc\u30f3\u30b9\u30bf\u30a4\u30f3 &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u30a2\u30fc\u30ce\u30eb\u30c9\u306f\u30015%\u306f\u8239\u8236\u306e\u55b6\u696d\u8cbb\u7528\u3060\u3068\u8a00\u3063\u3066\u3044\u307e\u3057\u305f\u306d\u3002\u305d\u3057\u3066\u305d\u308c\u306f\u3001\u8239\u968a\u306e\u6700\u9069\u5316\u306e\u7d50\u679c\u3068\u3057\u3066\u3001\u4ed6\u306e\u3059\u3079\u3066\u3092\u7f6e\u3044\u3066\u3001\u305f\u30602019\u5e74\u3068\u306e\u6bd4\u8f03\u3092\u898b\u3066\u3001\u30ea\u30f3\u30b4\u306b\u63db\u7b97\u3057\u305f\u3082\u306e\u3067\u3059\u3002\u3082\u3061\u308d\u3093\u3001\u65c5\u7a0b\u306e\u5909\u66f4\u3082\u3042\u308a\u307e\u3059\u3057\u3001\u305d\u308c\u306b\u5f71\u97ff\u3059\u308b\u3082\u306e\u3082\u3042\u308a\u307e\u3059\u3002<\/p>\n<p>\u30a4\u30f3\u30d5\u30ec\u3082\u5f71\u97ff\u3057\u307e\u3059\u3002\u305d\u306e\u4ed6\u306b\u3082\u30b3\u30b9\u30c8\u524a\u6e1b\u306e\u305f\u3081\u306b\u52aa\u529b\u3057\u3066\u3044\u307e\u3059\u3002\u4ee5\u4e0a\u304c\u6a5f\u4f53\u6700\u9069\u5316\u306e\u90e8\u5206\u3067\u3059\u3002\u3053\u308c\u306f2023\u5e74\u306b\u5411\u3051\u3066\u306e\u30b3\u30b9\u30c8\u524a\u6e1b\u306e\u305f\u3081\u306e\u5927\u304d\u306a\u8ffd\u3044\u98a8\u3068\u306a\u308a\u307e\u3057\u305f\u3002<\/p>\n<p>Robin Farley &#8212; UBS &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>David Bernstein &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u30ed\u30d3\u30f3\u3055\u3093\u3001\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u30aa\u30da\u30ec\u30fc\u30bf\u30fc\u306e\u65b9\uff1f<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u6b21\u306b\u9032\u307f\u307e\u3059\u3002\u6b21\u306e\u8cea\u554f\u306f\u30b9\u30c6\u30a3\u30d5\u30a7\u30eb\u306e\u30b9\u30c6\u30a3\u30fc\u30d6\u30fb\u30a6\u30a3\u30c1\u30f3\u30b9\u30ad\u30fc\u304b\u3089\u3067\u3059\u3002\u3069\u3046\u305e<\/p>\n<p>\u30b9\u30c6\u30a3\u30fc\u30d6\u30fb\u30a6\u30a3\u30c4\u30f3\u30b9\u30ad\u30fc &#8212; \u30b9\u30c6\u30a3\u30d5\u30a7\u30eb\u30fb\u30d5\u30a1\u30a4\u30ca\u30f3\u30b7\u30e3\u30eb\u30fb\u30b3\u30fc\u30dd\u30ec\u30fc\u30b7\u30e7\u30f3 &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u3042\u3042\u3001\u307f\u3093\u306a\u3002\u304a\u306f\u3088\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u30aa\u30f3\u30dc\u30fc\u30c9\u306e\u53ce\u76ca\u306b\u3064\u3044\u3066\u304a\u805e\u304d\u3057\u305f\u3044\u306e\u3067\u3059\u304c\u3002<\/p>\n<p>\u71c3\u6599\u4fa1\u683c\u306e\u9ad8\u9a30\u3084\u305d\u306e\u4ed6\u306e\u7d4c\u6e08\u7684\u306a\u9006\u98a8\u3092\u8003\u3048\u308b\u3068\u3001\u6d88\u8cbb\u8005\u304c\u652f\u51fa\u3092\u63a7\u3048\u308b\u306e\u3067\u306f\u306a\u3044\u304b\u3068\u3044\u3046\u61f8\u5ff5\u304c\u3042\u308b\u3068\u601d\u3044\u307e\u3059\u3002\u8239\u5185\u6d88\u8cbb\u306b\u95a2\u3059\u308b\u30ea\u30a2\u30eb\u30bf\u30a4\u30e0\u306e\u30c7\u30fc\u30bf\u3092\u304a\u6301\u3061\u306e\u3088\u3046\u3067\u3059\u304c\u3001\u3053\u3053\u6570\u9031\u9593\u3067\u3001\u6d88\u8cbb\u8005\u304c\u8239\u5185\u306b\u5165\u308b\u3068\u30da\u30fc\u30b9\u3092\u843d\u3068\u3057\u59cb\u3081\u308b\u3068\u601d\u308f\u305b\u308b\u3088\u3046\u306a\u3053\u3068\u306f\u3042\u308a\u307e\u3057\u305f\u304b\uff1f\u307e\u305f\u3001\u5730\u57df\u306b\u3088\u3063\u3066\u6d88\u8cbb\u30d1\u30bf\u30fc\u30f3\u306b\u9055\u3044\u306f\u3042\u308a\u307e\u3059\u304b\uff1f<\/p>\n<p>ArnoldDonald<\/p>\n<p>\u6a5f\u5185\u6d88\u8cbb\u306b\u95a2\u3057\u3066\u306f\u3001\u7279\u306b\u6e1b\u901f\u3057\u3066\u3044\u308b\u3068\u3044\u3046\u5370\u8c61\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u6a5f\u5185\u8ca9\u58f2\u306f\u975e\u5e38\u306b\u597d\u8abf\u3067\u3001\u4e16\u754c\u4e2d\u3067\u597d\u8abf\u3092\u7dad\u6301\u3057\u3066\u304a\u308a\u3001\u3069\u3053\u3082\u4e0a\u6607\u3057\u3066\u3044\u307e\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u5730\u57df\u306b\u3088\u308b\u5927\u304d\u306a\u9055\u3044\u306f\u898b\u3089\u308c\u307e\u305b\u3093\u3002\u6e80\u5e2d\u306b\u306a\u308a\u3001\u590f\u306b\u306f\u304a\u5b50\u69d8\u9023\u308c\u304c\u5897\u3048\u308b\u306e\u3067\u3001\u65e5\u5f53\u306f\u5c11\u3057\u5909\u308f\u308b\u304b\u3082\u3057\u308c\u307e\u305b\u3093\u3002<\/p>\n<p>\u3057\u304b\u3057\u3001\u5168\u4f53\u3068\u3057\u3066\u306f\u3001\u652f\u51fa\u306f\u5927\u5e45\u306b\u5897\u52a0\u3057\u3066\u304a\u308a\u3001\u3053\u308c\u307e\u3067\u306e\u3068\u3053\u308d\u3001\u305d\u306e\u50be\u5411\u306f\u7d9a\u3044\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>Steve Wieczynski &#8212; Stifel Financial Corp.\u793e &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u308f\u304b\u308a\u307e\u3057\u305f\u3002\u4e86\u89e3\u3067\u3059\u3002\u30a2\u30fc\u30ce\u30eb\u30c9\u3001\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002\u305d\u308c\u304b\u30892\u3064\u76ee\u306e\u8cea\u554f\u306f\u3001\u6d41\u52d5\u6027\u306b\u95a2\u3057\u3066\u3067\u3059\u3002<\/p>\n<p>\u7b2c1\u56db\u534a\u671f\u306f\u6708700\u30c9\u30eb\u306e\u8cc7\u91d1\u304c\u6d41\u51fa\u3057\u305f\u3088\u3046\u3067\u3059\u304c\u3002\u30aa\u30df\u30af\u30ed\u30f3\u3084\u6226\u4e89\u3001\u71c3\u6599\u306e\u554f\u984c\u3067\u6df7\u4e71\u304c\u7d9a\u3044\u3066\u3044\u308b\u3088\u3046\u3067\u3059\u304c\u3001\u3069\u306e\u7a0b\u5ea6\u306e\u6d41\u52d5\u6027\u304c\u3042\u308c\u3070\u3001\u4e0d\u5b89\u306b\u306a\u3063\u3066\u304f\u308b\u306e\u3067\u3057\u3087\u3046\u304b\u3002\u3053\u306e\u8cea\u554f\u306b\u5bfe\u3057\u3066\u306f\u3001\u300c\u4eca\u5f8c\u3001\u6d41\u52d5\u6027\u3092\u9ad8\u3081\u308b\u5fc5\u8981\u304c\u3042\u308b\u3068\u601d\u308f\u305b\u308b\u3088\u3046\u306a\u3053\u3068\u304c\u3042\u308a\u307e\u3059\u304b\u300d\u3068\u3044\u3046\u306e\u304c\u3088\u308a\u9069\u5207\u306a\u7b54\u3048\u306b\u306a\u308b\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>\u30a2\u30fc\u30ce\u30eb\u30c9\u30fb\u30c9\u30ca\u30eb\u30c9<\/p>\n<p>\u3053\u306e\u9593\u3001\u6d41\u52d5\u6027\u306f\u826f\u597d\u3067\u3057\u305f\u3002\u3082\u3061\u308d\u3093\u3001\u4eca\u5f8c\u3082\u76e3\u8996\u3092\u7d9a\u3051\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u5f53\u793e\u304c\u524d\u9032\u3057\u3001\u3088\u308a\u591a\u304f\u306e\u8239\u304c\u822a\u884c\u3057\u3001\u3088\u308a\u591a\u304f\u306e\u53ce\u76ca\u3068\u9867\u5ba2\u304b\u3089\u306e\u9810\u91d1\u306a\u3069\u3092\u660e\u3089\u304b\u306b\u751f\u307f\u51fa\u3059\u3053\u3068\u304c\u3067\u304d\u308b\u3088\u3046\u306b\u306a\u308c\u3070\u3001\u305d\u306e\u5206\u3001\u6d41\u52d5\u6027\u306f\u5411\u4e0a\u3057\u307e\u3059\u3002\u73fe\u6bb5\u968e\u3067\u306f\u3001\u6d41\u52d5\u6027\u306f\u826f\u597d\u306a\u72b6\u614b\u306b\u3042\u308a\u3001\u4eca\u5f8c\u3082\u305d\u306e\u72b6\u614b\u3092\u7dad\u6301\u3067\u304d\u308b\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u3082\u3061\u308d\u3093\u3001\u4f55\u304b\u5909\u5316\u304c\u3042\u308c\u3070\u3001\u305d\u306e\u6642\u70b9\u3067\u5831\u544a\u3057\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u4eca\u306e\u3068\u3053\u308d\u3001\u5f53\u793e\u306e\u6d41\u52d5\u6027\u30dd\u30b8\u30b7\u30e7\u30f3\u306f\u826f\u597d\u3060\u3068\u611f\u3058\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>Steve Wieczynski &#8212; \u30b9\u30c6\u30a3\u30d5\u30a7\u30eb\u30fb\u30d5\u30a1\u30a4\u30ca\u30f3\u30b7\u30e3\u30eb\u30fb\u30b3\u30fc\u30dd\u30ec\u30fc\u30b7\u30e7\u30f3 &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u308f\u304b\u308a\u307e\u3057\u305f\u3002\u4e86\u89e3\u3067\u3059\u3002<\/p>\n<p>ArnoldDonald<\/p>\n<p>\u30c7\u30d3\u30c3\u30c9\uff1f\u3069\u3046\u305e\u3001\u30c7\u30d3\u30c3\u30c9\u3002<\/p>\n<p>\u30c7\u30f4\u30a3\u30c3\u30c9\u30fb\u30d0\u30fc\u30f3\u30b9\u30bf\u30a4\u30f3 &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u307e\u305a\u3001\u8239\u5185\u8ca9\u58f2\u306b\u3064\u3044\u3066\u3067\u3059\u304c\u3001\u30a2\u30fc\u30ce\u30eb\u30c9\u304c\u8a00\u53ca\u3057\u306a\u304b\u3063\u305f\u3053\u3068\u3092\u3072\u3068\u3064\u3060\u3051\u4ed8\u3051\u52a0\u3048\u308b\u3068\u3001\u8239\u5185\u8ca9\u58f2\u4fa1\u683c\u3092\u5f15\u304d\u4e0a\u3052\u3066\u3044\u308b\u306e\u3067\u3059\u3002\u65fa\u76db\u306a\u9700\u8981\u304c\u3042\u308a\u307e\u3059\u3002\u3053\u306e\u3088\u3046\u306a\u74b0\u5883\u3067\u3059\u304b\u3089\u3001\u5024\u4e0a\u3052\u306e\u30c1\u30e3\u30f3\u30b9\u306f\u3042\u308a\u307e\u3059\u3057\u3001\u305d\u306e\u6a5f\u4f1a\u3092\u3068\u3089\u3048\u3066\u3044\u307e\u3059\u3002\u6d41\u52d5\u6027\u306b\u95a2\u3057\u3066\u306f\u3001Arnold\u304c\u8a00\u3063\u305f\u3053\u3068\u306b\u52a0\u3048\u3066\u30012L\u30ce\u30fc\u30c8\u306e\u30ea\u30d5\u30a1\u30a4\u30ca\u30f3\u30b9\u3092\u8003\u3048\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u3082\u3061\u308d\u3093\u30012023\u5e74\u306b30\u5104\u30c9\u30eb\u306e\u6e80\u671f\u304c\u3042\u308a\u307e\u3059\u306e\u3067\u3001\u305d\u306e\u501f\u308a\u63db\u3048\u3092\u884c\u3046\u6700\u9069\u306a\u30bf\u30a4\u30df\u30f3\u30b0\u3092\u8003\u3048\u3066\u3044\u307e\u3059\u3002\u305d\u308c\u4ee5\u5916\u306f\u3001\u4eca\u5f8c\u6570\u30ab\u6708\u3001\u6570\u56db\u534a\u671f\u306b\u308f\u305f\u3063\u3066\u8003\u3048\u3066\u3044\u304f\u4e2d\u3067\u3001\u3053\u308c\u3089\u306e\u30b3\u30f3\u30bb\u30d7\u30c8\u3092\u8ffd\u52a0\u3057\u3066\u3044\u304d\u305f\u3044\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>Steve Wieczynski &#8212; Stifel Financial Corp.&#8211;\u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u308f\u304b\u308a\u307e\u3057\u305f\u3002\u4e86\u89e3\u3067\u3059\u3002\u3042\u308a\u304c\u3068\u3046\u3001\u307f\u3093\u306a\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>ArnoldDonald<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3001\u30b9\u30c6\u30a3\u30fc\u30d6\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u6b21\u306e\u8cea\u554f\u306f\u3001\u30b7\u30c6\u30a3\u306e\u30b8\u30a7\u30fc\u30e0\u30ba\u30fb\u30cf\u30fc\u30c7\u30a3\u30de\u30f3\u3055\u3093\u304b\u3089\u304a\u9858\u3044\u3057\u307e\u3059\u3002\u3069\u3046\u305e\u3088\u308d\u3057\u304f\u304a\u9858\u3044\u3057\u307e\u3059\u3002<\/p>\n<p>\u30b8\u30a7\u30fc\u30e0\u30ba\u30fb\u30cf\u30fc\u30c7\u30a3\u30de\u30f3 &#8212; \u30b7\u30c6\u30a3 &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u304a\u306f\u3088\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u4fa1\u683c\u306b\u95a2\u3059\u308b\u79c1\u306e\u8cea\u554f\u306b\u3044\u304f\u3064\u304b\u304a\u7b54\u3048\u3044\u305f\u3060\u304d\u3001\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u30af\u30eb\u30fc\u30ba1\u65e5\u3042\u305f\u308a\u306e\u5ba2\u5358\u4fa1\u304c7.5\uff05\u4e0a\u6607\u3057\u305f\u3068\u304a\u3063\u3057\u3083\u3044\u307e\u3057\u305f\u304c\u3001\u3053\u308c\u306f\u3069\u3046\u3044\u3046\u3053\u3068\u3067\u3057\u3087\u3046\u304b\uff1f<\/p>\n<p>11\u6708\u671f\u306e\u6570\u5b57\u306f\u30d7\u30e9\u30b94\uff05\u3060\u3063\u305f\u3068\u601d\u3044\u307e\u3059\u304c\u3001\u3053\u308c\u306f\u660e\u3089\u304b\u306b\u5fc3\u5f37\u3044\u3067\u3059\u3088\u306d\uff1f\u61f8\u5ff5\u3055\u308c\u308b\u306e\u306f\u3001\u30af\u30eb\u30fc\u30ba\u8239\u304c\u6e80\u5ba4\u3067\u306a\u304b\u3063\u305f\u305f\u3081\u306b\u3001\u6700\u5f8c\u306e20\uff05\u304b\u308930\uff05\u306e\u5ba2\u5ba4\u304c\u5272\u5f15\u4fa1\u683c\u3067\u63d0\u4f9b\u3055\u308c\u3001\u4fa1\u683c\u8a2d\u5b9a\u306b\u6709\u5229\u306b\u50cd\u3044\u305f\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002\u305d\u306e\u305f\u3081\u3001\u4fa1\u683c\u8a2d\u5b9a\u306e\u5f37\u307f\u3092\u751f\u304b\u3059\u3053\u3068\u304c\u3067\u304d\u306a\u304b\u3063\u305f\u306e\u3067\u3059\u3002\u3057\u304b\u3057\u3001\u3053\u308c\u306f\u660e\u3089\u304b\u306b2\u3064\u306e\u30b5\u30f3\u30d7\u30eb\u3067\u3059\u30024Q\u304b\u30891Q\u306b\u304b\u3051\u3066\u3001\u8239\u304c\u6e80\u5ba4\u306b\u306a\u308b\u306b\u3064\u308c\u3066\u3001\u4fa1\u683c\u8a2d\u5b9a\u306f\u5b9f\u969b\u306b\u52a0\u901f\u3057\u307e\u3057\u305f\u3002<\/p>\n<p>\u3067\u3059\u304b\u3089\u3001\u3053\u306e\u4fa1\u683c\u8a2d\u5b9a\u306e\u6570\u5b57\u3092\u3069\u306e\u3088\u3046\u306b\u89e3\u91c8\u3059\u3079\u304d\u304b\u3092\u304a\u8a71\u3057\u305f\u3044\u3068\u601d\u3044\u307e\u3059\u3002\u6700\u5f8c\u306e30%\u306e\u7a3c\u50cd\u7387\u304c\u4e0a\u304c\u308b\u3068\u3001\u4fa1\u683c\u3082\u5c11\u3057\u4e0a\u304c\u3063\u3066\u304f\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3057\u3087\u3046\u304b\u3002\u305d\u308c\u3068\u3082\u3001\u3053\u306e\u307e\u307e\u52a0\u901f\u3059\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u306e\u3067\u3057\u3087\u3046\u304b\u3002<\/p>\n<p>\u30a2\u30fc\u30ce\u30eb\u30c9\u30fb\u30c9\u30ca\u30eb\u30c9<\/p>\n<p>\u307e\u305a\u3001\u3054\u8cea\u554f\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u79c1\u305f\u3061\u306f\u3001\u4fa1\u683c\u306e\u7dad\u6301\u3068\u52a0\u901f\u3092\u78ba\u5b9f\u306b\u3059\u308b\u305f\u3081\u306b\u3001\u3053\u308c\u304b\u3089\u3082\u52aa\u529b\u3092\u7d9a\u3051\u308b\u3064\u3082\u308a\u3067\u3059\u3002\u305d\u3057\u3066\u3001\u6700\u7d42\u7684\u306b\u5229\u56de\u308a\u3092\u3069\u306e\u3088\u3046\u306b\u7ba1\u7406\u3057\u3066\u3044\u308b\u304b\u3092\u78ba\u8a8d\u3059\u308b\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002\u305d\u3057\u3066\u3001\u7a3c\u50cd\u7387\u3068\u4fa1\u683c\u3092\u6700\u9069\u5316\u3057\u305f\u3044\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u4eca\u3001\u9700\u8981\u306f\u305f\u304f\u3055\u3093\u3042\u308a\u307e\u3059\u3002\u4eca\u5f8c\u3001\u5e83\u544a\u3084\u30d7\u30ed\u30e2\u30fc\u30b7\u30e7\u30f3\u3092\u5f37\u5316\u3059\u308b\u4e88\u5b9a\u3067\u3059\u3002\u3059\u3067\u306b\u5897\u3084\u3057\u3066\u3044\u307e\u3059\u304c\u3001\u305d\u308c\u3067\u30822019\u5e74\u306e\u6642\u70b9\u3088\u308a\u304b\u306a\u308a\u4e0b\u56de\u3063\u3066\u3044\u307e\u3059\u3002\u79c1\u305f\u3061\u306f\u3001\u305d\u306e\u65b9\u6cd5\u3092\u3088\u308a\u8ce2\u304f\u3001\u3088\u308a\u52b9\u7387\u7684\u306b\u884c\u3063\u3066\u304d\u307e\u3057\u305f\u3002<\/p>\n<p>\u305d\u308c\u3067\u3001\u3088\u308a\u591a\u304f\u306e\u9700\u8981\u3092\u751f\u307f\u51fa\u3057\u3001\u305d\u308c\u3092\u7d99\u7d9a\u3055\u305b\u305f\u3044\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u3053\u308c\u307e\u3067\u306e\u5831\u544a\u304b\u3089\u304a\u5206\u304b\u308a\u306e\u3088\u3046\u306b\u3001\u4fa1\u683c\u8a2d\u5b9a\u306f\u597d\u8abf\u3067\u3042\u308a\u3001\u4fa1\u683c\u3092\u7dad\u6301\u3067\u304d\u3066\u3044\u307e\u3059\u3002\u30c7\u30a4\u30d3\u30c3\u30c9\u3001\u3082\u3046\u4e00\u58f0\u304a\u9858\u3044\u3057\u307e\u3059\u3002<\/p>\n<p>David Bernstein &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u30a2\u30fc\u30ce\u30eb\u30c9\u304c\u8a00\u3063\u305f\u3053\u3068\u306b\u4ed8\u3051\u52a0\u3048\u305f\u3044\u306e\u306f\u3001\u30b8\u30a7\u30fc\u30e0\u30b9\u3001\u3042\u306a\u305f\u306f\u5c11\u3057\u9055\u3046\u8003\u3048\u65b9\u3092\u3059\u308b\u5fc5\u8981\u304c\u3042\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002\u3053\u3053\u6570\u56db\u534a\u671f\u306f\u3001\u4e88\u7d04\u306e\u7a93\u53e3\u304c\u304b\u306a\u308a\u77ed\u304f\u306a\u3063\u3066\u3044\u308b\u3053\u3068\u3092\u899a\u3048\u3066\u304a\u3044\u3066\u304f\u3060\u3055\u3044\u3002\u3067\u3059\u304b\u3089\u3001\u5c06\u6765\u306b\u3064\u3044\u3066\u8003\u3048\u308b\u3068\u304d\u30012023\u5e74\u307e\u3067\u306f\u904e\u53bb\u306e\u7a3c\u50cd\u7387\u30ec\u30d9\u30eb\u306b\u9054\u3059\u308b\u3053\u3068\u306f\u306a\u3044\u3068\u7533\u3057\u4e0a\u3052\u307e\u3057\u305f\u3002<\/p>\n<p>\u3057\u304b\u3057\u3001\u4eca\u5f8c\u3001\u56db\u534a\u671f\u3054\u3068\u306b\u7a3c\u50cd\u7387\u304c\u5411\u4e0a\u3057\u3066\u3044\u304f\u3053\u3068\u3092\u671f\u5f85\u3057\u3066\u3044\u307e\u3059\u3002\u305d\u306e\u7406\u7531\u306e\u3072\u3068\u3064\u306f\u30012023\u5e74\u306e\u6642\u70b9\u3067\u3001\u30d6\u30c3\u30ad\u30f3\u30b0\u30ab\u30fc\u30d6\u304c\u3088\u308a\u5145\u5b9f\u3057\u3066\u3044\u308b\u304b\u3089\u3067\u3059\u3002\u305d\u306e\u4e88\u7d04\u66f2\u7dda\u306b\u6cbf\u3063\u3066\u3001\u30a2\u30fc\u30ce\u30eb\u30c9\u304c\u8ff0\u3079\u305f\u3088\u3046\u306a\u4fa1\u683c\u8a2d\u5b9a\u3092\u884c\u3044\u3001\u904e\u53bb\u306e\u7a3c\u50cd\u7387\u306b\u8fd1\u3065\u3051\u3066\u3044\u304f\u4e88\u5b9a\u3067\u3059\u3002\u307e\u305f\u3001\u77ed\u671f\u7684\u306b\u306f\u4e88\u7d04\u30ab\u30fc\u30d6\u304c\u77ed\u304f\u306a\u308b\u305f\u3081\u3001\u305d\u308c\u3092\u9069\u5207\u306b\u7ba1\u7406\u3059\u308b\u3053\u3068\u306b\u975e\u5e38\u306b\u6ce8\u610f\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u30a2\u30fc\u30ce\u30eb\u30c9\u304c\u8a00\u3063\u305f\u3088\u3046\u306b\u3001\u79c1\u305f\u3061\u306f\u5e83\u544a\u3067\u9700\u8981\u3092\u559a\u8d77\u3057\u3066\u3044\u307e\u3059\u3002\u6700\u8fd1\u306e\u5e83\u544a\u306f&#8230;&#8230;\u5e83\u544a\u306e\u30df\u30c3\u30af\u30b9\u306f\u975e\u5e38\u306b\u5909\u308f\u3063\u3066\u304d\u3066\u304a\u308a\u3001\u4eca\u5f8c\u3082\u9032\u5316\u3057\u3066\u3044\u304f\u3067\u3057\u3087\u3046\u3002\u3067\u3059\u304b\u3089\u3001\u30d6\u30c3\u30ad\u30f3\u30b0\u30ab\u30fc\u30d6\u3068\u3044\u3046\u89b3\u70b9\u3067\u8003\u3048\u3066\u307f\u3066\u304f\u3060\u3055\u3044\u3002\u6765\u5e74\u306b\u5411\u3051\u3066\u4e88\u7d04\u66f2\u7dda\u304c\u9577\u304f\u306a\u308c\u3070\u3001\u9700\u8981\u304c\u305f\u304f\u3055\u3093\u3042\u308b\u306e\u3067\u3001\u7a3c\u50cd\u7387\u3092\u4e0a\u3052\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002<\/p>\n<p>\u4eba\u3005\u306f\u30af\u30eb\u30fc\u30ba\u3092\u3057\u305f\u3044\u306e\u3067\u3059\u3002\u79c1\u305f\u3061\u306f\u7d20\u6674\u3089\u3057\u3044\u5546\u54c1\u3092\u6301\u3063\u3066\u3044\u307e\u3059\u3002\u30a2\u30fc\u30ce\u30eb\u30c9\u304c\u6307\u6458\u3057\u305f\u3088\u3046\u306b\u3001\u4eca\u5f8c\u3001\u4fa1\u683c\u3092\u4e0a\u3052\u3066\u3044\u304f\u3053\u3068\u3067\u3001\u3082\u3046\u5c11\u3057\u4fa1\u5024\u3092\u4e0b\u3052\u3088\u3046\u3068\u601d\u3063\u3066\u3044\u307e\u3059\u304c\u3001\u9678\u4e0a\u306e\u4ee3\u66ff\u6848\u3068\u6bd4\u8f03\u3059\u308b\u3068\u3001\u307e\u3060\u826f\u3044\u5024\u6253\u3061\u304c\u3042\u308b\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>James Hardiman &#8212; Citi &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u305d\u308c\u306f\u672c\u5f53\u306b\u52a9\u304b\u308a\u307e\u3059\u3002\u307e\u305f\u3001\u540c\u3058\u3088\u3046\u306b\u30012019\u5e74\u306b\u5411\u3051\u3066\u3001\u7af6\u5408\u4ed6\u793e\u306b\u5bfe\u3059\u308b\u4fa1\u683c\u7af6\u4e89\u529b\u306e\u3088\u3046\u306a\u3082\u306e\u3092\u8ab0\u3082\u304c\u6bd4\u8f03\u3057\u305f\u304c\u308a\u307e\u3059\u3002\u3053\u306e\u3088\u3046\u306a\u6bd4\u8f03\u3092\u3059\u308b\u969b\u306b\u3001\u4f55\u304b\u5927\u304d\u306a\u9055\u3044\u304c\u3042\u308a\u307e\u3059\u304b\uff1f\u660e\u3089\u304b\u306b\u3001\u3042\u306a\u305f\u306f\u3001\u3088\u308a\u30b0\u30ed\u30fc\u30d0\u30eb\u306a\u6d88\u8cbb\u8005\u57fa\u76e4\u3092\u304a\u6301\u3061\u3067\u3059\u3088\u306d\uff1f\u7c73\u56fd\u306e\u9867\u5ba2\u3068\u5168\u4e16\u754c\u306e\u9867\u5ba2\u3068\u306e\u9593\u306b\u5927\u304d\u306a\u9055\u3044\u304c\u3042\u308b\u304b\u3069\u3046\u304b\u306f\u308f\u304b\u308a\u307e\u305b\u3093\u3002<\/p>\n<p>\u3082\u3046\u3072\u3068\u3064\u306f\u3001\u3088\u308a\u5927\u8846\u7684\u306a\u6d88\u8cbb\u8005\u3067\u3059\u3002\u3053\u308c\u3089\u306e\u9867\u5ba2\u5c64\u304b\u3089\u306e\u6210\u9577\u306e\u53ef\u80fd\u6027\u3092\u3069\u306e\u3088\u3046\u306b\u8003\u3048\u3066\u3044\u307e\u3059\u304b\uff1f<\/p>\n<p>\u30a2\u30fc\u30ce\u30eb\u30c9\u30fb\u30c9\u30ca\u30eb\u30c9<\/p>\n<p>\u307e\u305a\u3001\u3042\u306a\u305f\u306e\u7406\u89e3\u306f\u6b63\u3057\u3044\u3067\u3059\u3002\u30ea\u30f3\u30b4\u3068\u30aa\u30ec\u30f3\u30b8\u3067\u3059\u3002\u7279\u306b\u3001\u79c1\u305f\u3061\u306f\u4f1a\u8a08\u5e74\u5ea6\u304c\u7570\u306a\u308b\u306e\u3067\u3001\u30bf\u30a4\u30df\u30f3\u30b0\u3082\u7570\u306a\u308a\u307e\u3059\u3002\u305d\u308c\u306b\u52a0\u3048\u3066\u3001\u30ad\u30e3\u30d3\u30f3\u30df\u30c3\u30af\u30b9\u3082\u3042\u308a\u307e\u3059\u3002<\/p>\n<p>\u30e8\u30fc\u30ed\u30c3\u30d1\u306e\u65c5\u7a0b\u306e\u69cb\u6210\u306f\u3001\u304a\u3063\u3057\u3083\u308b\u3068\u304a\u308a\u3067\u3059\u3002\u4eca\u3001\u5927\u304d\u306a\u65c5\u7a0b\u306e\u5909\u66f4\u3092\u884c\u3063\u3066\u3044\u307e\u3059\u304c\u3001\u305d\u308c\u306f\u79c1\u305f\u3061\u306e\u6709\u5229\u306a\u65c5\u7a0b\u306e\u591a\u304f\u304c\u3001\u304a\u305d\u3089\u304f\u4ed6\u306e\u3044\u304f\u3064\u304b\u306e\u4f1a\u793e\u3067\u3082\u540c\u69d8\u3067\u3057\u3087\u3046\u304c\u3001\u30ef\u30fc\u30eb\u30c9\u30af\u30eb\u30fc\u30ba\u3084\u3088\u308a\u30a8\u30ad\u30be\u30c1\u30c3\u30af\u306a\u30af\u30eb\u30fc\u30ba\u306a\u3069\u306e\u70b9\u3067\u3088\u308a\u591a\u304f\u306a\u3063\u3066\u3044\u308b\u304b\u3082\u3057\u308c\u307e\u305b\u3093\u3002\u3057\u304b\u3057\u3001\u3044\u305a\u308c\u306b\u305b\u3088\u3001\u305d\u308c\u3089\u306f\u3059\u3079\u3066\u7570\u306a\u308b\u3082\u306e\u306a\u306e\u3067\u3059\u3002\u3057\u304b\u3057\u3001\u6708\u3054\u3068\u306b\u6bd4\u8f03\u3059\u308b\u306e\u306f\u975e\u5e38\u306b\u96e3\u3057\u3044\u3053\u3068\u3067\u3059\u304c\u3001\u305d\u308c\u3092\u3084\u3063\u3066\u307f\u308b\u3068\u3001\u79c1\u305f\u3061\u306f\u4ed6\u306e\u4f1a\u793e\u3068\u540c\u3058\u304f\u3089\u3044\u3001\u5834\u5408\u306b\u3088\u3063\u3066\u306f\u3001\u4ed6\u306e\u4f1a\u793e\u3088\u308a\u3082\u826f\u3044\u7d50\u679c\u3092\u51fa\u3057\u3066\u3044\u308b\u3053\u3068\u304c\u308f\u304b\u308a\u307e\u3059\u3002<\/p>\n<p>\u6700\u8fd1\u306e\u50be\u5411\u3068\u3057\u3066\u306f\u3001\u4fa1\u683c\u9762\u3067\u4ed6\u793e\u3088\u308a\u512a\u308c\u3066\u3044\u308b\u3002\u3057\u304b\u3057\u3001\u540c\u6642\u306b\u7a3c\u50cd\u7387\u3082\u305d\u308c\u307b\u3069\u826f\u304f\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u3060\u304b\u3089\u3001\u7d50\u5c40\u306e\u3068\u3053\u308d\u3001\u79c1\u305f\u3061\u304c\u6bd4\u8f03\u3057\u3088\u3046\u3068\u3059\u308b\u3068\u3001\u5927\u304d\u306a\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u306e\u5dee\u306f\u898b\u3089\u308c\u306a\u3044\u306e\u3067\u3059\u3002\u3057\u304b\u3057\u3001\u3053\u308c\u306f\u30ea\u30f3\u30b4\u3068\u30aa\u30ec\u30f3\u30b8\u306e\u9055\u3044\u3067\u3059\u3002<\/p>\n<p>\u30c7\u30a4\u30d3\u30c3\u30c9\u3001\u4ed6\u306b\u4f55\u304b\u4ed8\u3051\u52a0\u3048\u308b\u3053\u3068\u306f\u3042\u308a\u307e\u3059\u304b\uff1f<\/p>\n<p>David Bernstein &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u5c11\u3057\u5206\u304b\u308a\u3084\u3059\u304f\u88dc\u8db3\u3057\u3066\u304a\u304d\u307e\u3059\u3002\u7af6\u5408\u4ed6\u793e\u306e\u7b2c4\u56db\u534a\u671f\u306e\u7a3c\u50cd\u7387\u306f\u5f53\u793e\u3088\u308a\u304b\u306a\u308a\u4f4e\u304f\u3001\u305d\u306e\u305f\u3081\u30d0\u30eb\u30b3\u30cb\u30fc\u3084\u30ad\u30e3\u30d3\u30f3\u304c\u591a\u304f\u3001\u5168\u4f53\u7684\u306a\u30df\u30c3\u30af\u30b9\u306e\u4e00\u90e8\u3068\u3057\u3066\u4fa1\u683c\u304c\u9ad8\u304f\u306a\u3063\u305f\u3068\u601d\u308f\u308c\u307e\u3059\u3002\u307e\u305f\u3001\u7af6\u5408\u4ed6\u793e\u306e\u4e2d\u306b\u306f\u3001\u30ef\u30af\u30c1\u30f3\u63a5\u7a2e\u306e\u95a2\u4fc2\u3067\u5b50\u4f9b\u3092\u4e57\u305b\u3066\u3044\u306a\u3044\u4f1a\u793e\u3082\u3042\u308a\u3001\u5b50\u4f9b\u306f\u4f4e\u4fa1\u683c\u3067\u63d0\u4f9b\u3057\u3066\u3044\u307e\u3059\u3002\u305d\u306e\u7d50\u679c\u3001\u5168\u4f53\u7684\u306a\u30dd\u30b8\u30b7\u30e7\u30f3\u306b\u5f71\u97ff\u3092\u53ca\u307c\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u30a2\u30fc\u30ce\u30eb\u30c9\u306f\u3001\u65c5\u7a0b\u306e\u9055\u3044\u306b\u3064\u3044\u3066\u89e6\u308c\u307e\u3057\u305f\u3002\u3057\u304b\u3057\u3001\u79c1\u305f\u3061\u304c\u884c\u3063\u305f\u306e\u306f\u300110\u6708\u300111\u6708\u300112\u6708\u3068\u3044\u3046\u6708\u3092\u4e26\u3079\u305f\u3053\u3068\u3067\u3059\u3002\u305d\u3057\u3066\u3001\u7af6\u5408\u4ed6\u793e\u3068\u6bd4\u8f03\u3057\u3066\u3001\u81ea\u5206\u305f\u3061\u306e\u305f\u3081\u306b\u305d\u308c\u3092\u884c\u3046\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002\u305d\u3057\u3066\u3001\u30d0\u30e9\u30f3\u30b9\u3092\u3068\u308b\u3088\u3046\u306b\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u5ba2\u5ba4\u7a3c\u50cd\u7387\u306f\u3001\u4fa1\u683c\u3068\u5ba2\u5ba4\u7a3c\u50cd\u7387\u306e2\u3064\u306e\u5074\u9762\u304c\u3042\u308b\u3053\u3068\u3092\u5fd8\u308c\u306a\u3044\u3067\u304f\u3060\u3055\u3044\u3002\u305d\u306e\u30d0\u30e9\u30f3\u30b9\u3092\u53d6\u308b\u306b\u306f\u3001PCD\u3042\u305f\u308a\u306e\u7c97\u5229\u76ca\u3067\u306f\u306a\u304f\u3001ALBD\u3042\u305f\u308a\u306e\u7c97\u5229\u76ca\u3092\u898b\u308b\u306e\u304c\u4e00\u756a\u3067\u3059\u3002\u306a\u305c\u306a\u3089\u3001\u3082\u3057\u79c1\u304c1\u96bb\u306e\u8239\u306e\u30da\u30f3\u30c8\u30cf\u30a6\u30b9\u30fb\u30b9\u30a4\u30fc\u30c8\u3092\u58f2\u308b\u3060\u3051\u3067\u3001\u4ed6\u306f\u4f55\u3082\u58f2\u3089\u306a\u304b\u3063\u305f\u3068\u3057\u305f\u3089\u3001PCD\u5f53\u305f\u308a\u306e\u58f2\u4e0a\u306f\u4fe1\u3058\u3089\u308c\u306a\u3044\u307b\u3069\u9ad8\u304f\u306a\u308b\u3067\u3057\u3087\u3046\u3002\u3057\u304b\u3057\u3001\u3059\u3079\u3066\u3092\u30d0\u30e9\u30f3\u30b9\u3055\u305b\u308b\u3068\u3001ALBD\u3042\u305f\u308a\u306e\u53ce\u76ca\u306e\u6e1b\u5c11\u306f\u3001\u3082\u3061\u308d\u3093\u30013\u793e\u3068\u3082\u5ba2\u5ba4\u7a3c\u50cd\u7387\u304c\u4f4e\u4e0b\u3057\u305f\u305f\u3081\u3067\u3059\u304c\u3001\u79c1\u305f\u3061\u306f\u540c\u3058\u30012\uff05\u30dd\u30a4\u30f3\u30c8\u4ee5\u5185\u3067\u3059\u3002<\/p>\n<p>\u3064\u307e\u308a\u3001ALBD\u3042\u305f\u308a\u306e\u58f2\u4e0a\u9ad8\u306e\u6e1b\u5c11\u306f\u30013\u793e\u3068\u30822\u30dd\u30a4\u30f3\u30c8\u306e\u5dee\u3067\u3057\u305f\u3002\u3067\u3059\u304b\u3089\u3001\u30a2\u30fc\u30ce\u30eb\u30c9\u304c\u8a00\u3063\u305f\u3088\u3046\u306b\u3001\u79c1\u305f\u3061\u306f\u3044\u304f\u3064\u304b\u306e\u70b9\u3067\u3088\u308a\u826f\u304f\u306a\u3063\u3066\u3044\u308b\u3068\u601d\u3044\u307e\u3059\u3002\u305d\u3057\u3066\u30012023\u5e74\u3001\u4e16\u754c\u4e2d\u306e\u4eba\u3005\u306b1400\u4e07\u56de\u306e\u601d\u3044\u51fa\u306b\u6b8b\u308b\u30d0\u30b1\u30fc\u30b7\u30e7\u30f3\u4f53\u9a13\u3092\u63d0\u4f9b\u3067\u304d\u308b\u3088\u3046\u3001\u3057\u3063\u304b\u308a\u3068\u6e96\u5099\u3092\u6574\u3048\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>James Hardiman &#8212; Citi &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u672c\u5f53\u306b\u826f\u3044\u8272\u3067\u3059\u306d\u3002\u30c7\u30fc\u30d3\u30c3\u30c9\u3001\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002<\/p>\n<p>\u30c7\u30fc\u30d3\u30c3\u30c9\u30fb\u30d0\u30fc\u30f3\u30b9\u30bf\u30a4\u30f3 &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u6b21\u306e\u8cea\u554f\u306f\u3001\u30a4\u30f3\u30d5\u30a3\u30cb\u30c6\u30a3\u30fb\u30ea\u30b5\u30fc\u30c1\u306e\u30a2\u30b7\u30a2\u30fb\u30b8\u30e7\u30fc\u30b8\u30a8\u30f4\u30a1\u3055\u3093\u304b\u3089\u3067\u3059\u3002\u3069\u3046\u305e<\/p>\n<p>Assia Georgieva &#8212; Infinity Research &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u304a\u306f\u3088\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u30ea\u30d5\u30a1\u30a4\u30ca\u30f3\u30b9\u306e\u591a\u3055\u306b\u306f\u982d\u304c\u4e0b\u304c\u308a\u307e\u3059\u3002\u305d\u3053\u3067\u30c7\u30fc\u30d3\u30c3\u30c9\u3001\u3042\u306a\u305f\u306b\u8cea\u554f\u3067\u3059\u3002\u4eca\u5f8c\u306e\u652f\u6255\u5229\u606f\u306f\u3069\u306e\u3088\u3046\u306b\u30e2\u30c7\u30eb\u5316\u3059\u308c\u3070\u3088\u3044\u306e\u3067\u3057\u3087\u3046\u304b\uff1f\u73fe\u6642\u70b9\u3067\u306f\u3001\u304a\u305d\u3089\u304f\u6700\u3082\u4f4e\u3044\u6c34\u6e96\u306b\u9054\u3057\u3066\u3044\u308b\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>\u4e0b\u534a\u671f\u30842023\u5e74\u306b\u5411\u3051\u3066\u3001\u3055\u3089\u306b\u5927\u5e45\u306a\u652f\u6255\u5229\u606f\u306e\u524a\u6e1b\u304c\u53ef\u80fd\u306b\u306a\u308b\u3068\u304a\u8003\u3048\u3067\u3059\u304b\uff1f<\/p>\n<p>David Bernstein &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u652f\u6255\u5229\u606f\u306b\u3064\u3044\u3066\u306f\u3001\u30d3\u30b8\u30cd\u30b9\u30fb\u30a2\u30c3\u30d7\u30c7\u30fc\u30c8\u306e\u4e2d\u306715\u5104\u30c9\u30eb\u3068\u3044\u3046\u898b\u901a\u3057\u3092\u793a\u3057\u307e\u3057\u305f\u3002\u3053\u308c\u306f12\u6708\u306b\u767a\u8868\u3057\u305f\u652f\u6255\u5229\u606f\u306e\u898b\u901a\u3057\u3068\u540c\u3058\u3067\u3059\u3002\u3053\u308c\u306f2022\u5e74\u901a\u5e74\u306e\u4e88\u60f3\u3067\u3059\u3002<\/p>\n<p>\u5148\u307b\u3069\u7533\u3057\u4e0a\u3052\u305f\u3088\u3046\u306b\u3001\u5c06\u6765\u7684\u306b2L\u30ce\u30fc\u30c8\u3092\u30ea\u30d5\u30a1\u30a4\u30ca\u30f3\u30b9\u3059\u308b\u6a5f\u4f1a\u304c\u3042\u308a\u307e\u3059\u3002\u3053\u306e\u6a5f\u4f1a\u3092\u614e\u91cd\u306b\u691c\u8a0e\u3057\u3001\u9577\u671f\u7684\u306b\u5229\u606f\u3092\u7bc0\u7d04\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u304b\u3082\u3057\u308c\u307e\u305b\u3093\u3002\u3057\u304b\u3057\u3001\u305d\u306e\u4e00\u65b9\u3067\u3001\u79c1\u305f\u3061\u306f\u7686FRB\u3092\u6ce8\u8996\u3057\u3066\u304a\u308a\u3001\u91d1\u5229\u304c\u4e0a\u6607\u3059\u308b\u53ef\u80fd\u6027\u3082\u3042\u308b\u306e\u3067\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u73fe\u6642\u70b9\u3067\u306f\u30012023\u5e74\u3092\u4e88\u6e2c\u3059\u308b\u306e\u306f\u5c11\u3057\u6642\u671f\u5c1a\u65e9\u3067\u3059\u3002<\/p>\n<p>\u3082\u3057FRB\u304c\u4f55\u3092\u3059\u308b\u306e\u304b\u3001\u3059\u3079\u3066\u6b63\u78ba\u306b\u77e5\u3063\u3066\u3044\u308b\u306e\u306a\u3089\u3001\u6559\u3048\u3066\u304f\u3060\u3055\u3044\u3002\u3057\u304b\u3057\u3001\u305d\u308c\u306f\u96e3\u3057\u3044\u3002\u3067\u3082\u30012023\u5e74\u306b\u8003\u3048\u629c\u304f\u3068\u3001\u30d7\u30e9\u30b9\u30de\u30a4\u30ca\u30b9\u3001\u305d\u306e\u8fba\u306b\u306a\u308a\u305d\u3046\u3067\u3059\u3002<\/p>\n<p>Assia Georgieva &#8212; Infinity Research &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u4eca\u65e5\u306fFRB\u304b\u3089\u96fb\u8a71\u304c\u306a\u3044\u3002\u3067\u3059\u304b\u3089\u3001\u6700\u65b0\u306e\u8003\u3048\u65b9\u306f\u308f\u304b\u308a\u307e\u305b\u3093\u3002\u3044\u304f\u3064\u304b &#8212; \u53ce\u76ca\u3068\u65c5\u7a0b\u306b\u95a2\u9023\u3057\u305f\u8cea\u554f\u3092\u3072\u3068\u3064\u3055\u305b\u3066\u304f\u3060\u3055\u3044\u3002\u30aa\u30fc\u30b9\u30c8\u30e9\u30ea\u30a2\u304c\u958b\u653e\u3055\u308c\u308b\u306e\u306f\u7d20\u6674\u3089\u3057\u3044\u30cb\u30e5\u30fc\u30b9\u3067\u3059\u3002<\/p>\n<p>\u305d\u3057\u3066\u660e\u3089\u304b\u306b\u30012022\u5e74\u30012023\u5e74\u306e\u51ac\u306e\u30b7\u30fc\u30ba\u30f3\u306b\u306f\u3001\u3088\u308a\u5f79\u7acb\u3064\u3053\u3068\u3067\u3057\u3087\u3046\u3002\u30b9\u30d4\u30ea\u30c3\u30c8\u304c\u7c73\u56fd\u306b\u5e38\u99d0\u3059\u308b\u3053\u3068\u3092\u8003\u3048\u308b\u3068\u3001\u30ab\u30fc\u30cb\u30d0\u30eb\u306e\u8239\u3092\u3082\u30461\u96bb\u8ffd\u52a0\u3057\u3066\u30011\u96bb\u306e\u8239\u3068\u306f\u5bfe\u7167\u7684\u306b\u3082\u3046\u5c11\u3057\u898f\u6a21\u3092\u5927\u304d\u304f\u3059\u308b\u3053\u3068\u306f\u8003\u3048\u3066\u3044\u3089\u3063\u3057\u3083\u308b\u306e\u3067\u3057\u3087\u3046\u304b\uff1f\u307e\u305f\u3001\u4eca\u5e74\u5ea6\u4e2d\u306b\u4e2d\u56fd\u304c\u30aa\u30f3\u30e9\u30a4\u30f3\u306b\u306a\u308b\u53ef\u80fd\u6027\u306f\u3042\u308a\u307e\u3059\u304b\uff1f<\/p>\n<p>\u30a2\u30fc\u30ce\u30eb\u30c9\u30fb\u30c9\u30ca\u30eb\u30c9<\/p>\n<p>\u307e\u305a\u3001\u30aa\u30fc\u30b9\u30c8\u30e9\u30ea\u30a2\u653f\u5e9c\u304c4\u670817\u65e5\u4ee5\u964d\u306e\u7981\u6b62\u30af\u30eb\u30fc\u30ba\u3092\u5ef6\u9577\u3057\u306a\u3044\u3053\u3068\u3092\u78ba\u8a8d\u3067\u304d\u305f\u306e\u306f\u559c\u3070\u3057\u3044\u3053\u3068\u3067\u3059\u3002\u305d\u3057\u3066\u3001\u3059\u3067\u306b\u767a\u8868\u3057\u3066\u3044\u307e\u3059\u304c\u3001\u3054\u5b58\u77e5\u306e\u3088\u3046\u306bP&amp;O\u30aa\u30fc\u30b9\u30c8\u30e9\u30ea\u30a2\u304c\u30aa\u30fc\u30b9\u30c8\u30e9\u30ea\u30a2\u30675\u6708\u4e0b\u65ec\u304b\u3089\u8ca9\u58f2\u3092\u958b\u59cb\u3059\u308b\u4e88\u5b9a\u3067\u3059\u3002\u305d\u308c\u3067\u3001\u30aa\u30fc\u30b9\u30c8\u30e9\u30ea\u30a2\u306e\u65b9\u3005\u306b\u518d\u3073\u30af\u30eb\u30fc\u30ba\u30fb\u30d0\u30b1\u30fc\u30b7\u30e7\u30f3\u306e\u559c\u3073\u3092\u304a\u5c4a\u3051\u3057\u3001\u30aa\u30fc\u30b9\u30c8\u30e9\u30ea\u30a2\u3067\u30af\u30eb\u30fc\u30ba\u3092\u3057\u305f\u3044\u65b9\u3005\u306b\u305d\u306e\u6a5f\u4f1a\u3092\u63d0\u4f9b\u3067\u304d\u308b\u3053\u3068\u3092\u5b09\u3057\u304f\u601d\u3063\u3066\u3044\u307e\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u79c1\u305f\u3061\u306f\u305d\u306e\u3053\u3068\u306b\u8208\u596e\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u4e2d\u56fd\u306b\u3064\u3044\u3066\u306f\u3001\u4eca\u5f8c\u3069\u3046\u306a\u3063\u3066\u3044\u304f\u304b\u3092\u898b\u3066\u3044\u304b\u306a\u3051\u308c\u3070\u306a\u308a\u307e\u305b\u3093\u3002\u4eca\u306e\u3068\u3053\u308d\u3001\u307e\u3060\u73fe\u5b9f\u7684\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u4e2d\u56fd\u306b\u3064\u3044\u3066\u306f\u3001\u3044\u3064\u3082\u8a00\u3063\u3066\u3044\u308b\u3088\u3046\u306b\u3001\u63a1\u7b97\u304c\u53d6\u308c\u308b\u3088\u3046\u306b\u306a\u3063\u305f\u3089\u3084\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002\u305d\u3057\u3066\u3001\u3067\u304d\u306a\u3044\u3068\u304d\u306f\u3001\u3057\u306a\u3044\u3002<\/p>\n<p>\u3067\u3059\u304b\u3089\u3001\u79c1\u305f\u3061\u306f\u3001\u4e2d\u56fd\u5f53\u5c40\u3084\u307e\u3060\u30aa\u30fc\u30d7\u30f3\u306b\u306a\u3063\u3066\u3044\u306a\u3044\u4ed6\u306e\u56fd\u3005\u3068\u5354\u529b\u3057\u3001\u6700\u7d42\u7684\u306b\u8ab0\u3082\u304c\u7d0d\u5f97\u3067\u304d\u308b\u5f62\u3067\u30af\u30eb\u30fc\u30ba\u3092\u53ef\u80fd\u306b\u3059\u308b\u305f\u3081\u306b\u52aa\u529b\u3092\u7d9a\u3051\u3066\u3044\u307e\u3059\u3002\u3068\u3044\u3046\u308f\u3051\u3067\u3001\u4ee5\u4e0a\u3067\u3059\u3002\u3068\u3053\u308d\u3067\u3001\u4eca\u65e5\u3082FRB\u304b\u3089\u96fb\u8a71\u304c\u304b\u304b\u3063\u3066\u304d\u307e\u305b\u3093\u3002\u3067\u3082\u3001\u5168\u4f53\u3068\u3057\u3066\u306f\u3001\u672c\u5f53\u306b\u3044\u3044\u611f\u3058\u3060\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>\u3064\u307e\u308a\u3001\u79c1\u305f\u3061\u306f&#8230;&#8230;75%\u306e\u8239\u304c\u51fa\u822a\u3057\u307e\u3057\u305f\u3002\u30ab\u30fc\u30cb\u30d0\u30eb\u30fb\u30d6\u30e9\u30f3\u30c9\u3067\u3082\u30461\u96bb\u30aa\u30fc\u30b9\u30c8\u30e9\u30ea\u30a2\u306b\u8239\u3092\u51fa\u3059\u304b\u3069\u3046\u304b\u3001\u305d\u308c\u306f\u6642\u9593\u3092\u304b\u3051\u3066\u6c7a\u5b9a\u3055\u308c\u308b\u3053\u3068\u3067\u3059\u3002\u3057\u304b\u3057\u3001\u6b74\u53f2\u7684\u306b\u898b\u3066\u3082\u3001\u30aa\u30fc\u30b9\u30c8\u30e9\u30ea\u30a2\u306b\u304a\u3051\u308b\u30ab\u30fc\u30cb\u30d0\u30eb\u30fb\u30d6\u30e9\u30f3\u30c9\u306e\u9700\u8981\u3092\u8003\u3048\u308b\u3068\u3001\u3044\u305a\u308c\u307e\u305f\u8ecc\u9053\u306b\u4e57\u308c\u3070\u3001\u30ab\u30fc\u30cb\u30d0\u30eb\u306e\u5b58\u5728\u611f\u306f\u3055\u3089\u306b\u5897\u3059\u3068\u8003\u3048\u308b\u306e\u306f\u975e\u8ad6\u7406\u7684\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u3067\u3059\u304b\u3089\u3001\u73fe\u6642\u70b9\u3067\u306f\u5177\u4f53\u7684\u306a\u8a08\u753b\u306f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n<p>\u4eca\u306f\u307e\u3060\u3001\u69d8\u5b50\u3092\u898b\u308b\u3057\u304b\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n<p>Assia Georgieva &#8212; Infinity Research &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u30a2\u30fc\u30ce\u30eb\u30c9\u3001\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u305d\u3046\u3067\u3059\u306d \u30c7\u30a4\u30d3\u30c3\u30c9\u3001\u3054\u3081\u3093\u306a\u3055\u3044\u3002<\/p>\n<p>\u30c7\u30d3\u30c3\u30c9\u30fb\u30d0\u30fc\u30f3\u30b9\u30bf\u30a4\u30f3 &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u305f\u3060\u3072\u3068\u3064\u7686\u3055\u3093\u306b\u304a\u4f1d\u3048\u3057\u305f\u3044\u306e\u306f\u3001\u30ab\u30fc\u30cb\u30d0\u30eb\u30fb\u30af\u30eb\u30fc\u30ba\u304c\u30b2\u30b9\u30c8\u30fb\u30af\u30eb\u30fc\u30ba\u306e\u904b\u822a\u3092\u4e00\u6642\u505c\u6b62\u3057\u3066\u3044\u308b\u9593\u306b\u30016\u96bb\u306e\u8239\u3092\u79fb\u52d5\u3055\u305b\u305f\u3053\u3068\u3092\u601d\u3044\u51fa\u3057\u3066\u3044\u305f\u3060\u304d\u305f\u3044\u306e\u3067\u3059\u304c&#8230;\u3002\u305d\u306e\u7d50\u679c\u3001\u30a2\u30fc\u30ce\u30eb\u30c9\u304c\u8a00\u3063\u305f\u3088\u3046\u306b\u3001\u6211\u3005\u306f\u518d\u691c\u8a0e\u3059\u308b\u3053\u3068\u306b\u306a\u308a\u307e\u3057\u305f\u3002\u3057\u304b\u3057\u3001\u30ab\u30fc\u30cb\u30d0\u30eb\u30fb\u30af\u30eb\u30fc\u30ba\u306e\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u3068\u53ce\u76ca\u6027\u3092\u6700\u9069\u5316\u3059\u308b\u305f\u3081\u306b\u306f\u3001\u3059\u3079\u3066\u3092\u518d\u691c\u8a0e\u3059\u308b\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<p>\u30a2\u30fc\u30ce\u30eb\u30c9\u30fb\u30c9\u30ca\u30eb\u30c9<\/p>\n<p>\u3068\u3053\u308d\u3067&#8230;<\/p>\n<p>Assia Georgieva &#8212; Infinity Research &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u30b7\u30fc\u30ba\u30f3\u307e\u3067\u5c11\u3057\u6642\u9593\u304c\u3042\u308a\u307e\u3059\u3088\u306d\uff1f\u307e\u3060\u6570\u30f6\u6708\u3042\u308b\u3093\u3067\u3059\u306d\uff1f<\/p>\n<p>ArnoldDonald<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3002\u305d\u3057\u3066\u3001\u30ab\u30fc\u30cb\u30d0\u30eb\u306f\u3068\u3066\u3082\u597d\u8abf\u3067\u3059\u3002\u7a3c\u50cd\u7387\u3082\u9ad8\u304f\u3001\u5229\u56de\u308a\u3082\u9ad8\u3044\u3002\u3053\u3053\u6570\u9031\u9593\u3001\u30ab\u30fc\u30cb\u30d0\u30eb\u30fb\u30d6\u30e9\u30f3\u30c9\u3067\u306f\u4fe1\u3058\u3089\u308c\u306a\u3044\u3088\u3046\u306a\u4e88\u7d04\u304c\u5165\u308a\u3001\u6ce2\u306e\u3088\u3046\u306a\u4e88\u7d04\u304c\u5165\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>Assia Georgieva &#8212; Infinity Research &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u78ba\u304b\u306b\u3001\u6ce2\u306e\u30b7\u30fc\u30ba\u30f3\u304c\u5ef6\u3073\u3066\u3044\u308b\u3088\u3046\u306b\u601d\u3044\u307e\u3059\u3002\u30aa\u30df\u30af\u30ed\u30f3\u306e\u305b\u3044\u3060\u3051\u3067\u306a\u304f\u30012\u5e74\u9593\u3082\u9589\u3058\u3053\u3082\u3063\u3066\u3044\u305f\u305b\u3044\u3082\u3042\u308b\u306e\u3067\u3057\u3087\u3046\u3002\u307e\u305f\u3001COVID\u3084\u5730\u653f\u5b66\u7684\u306a\u4e0d\u78ba\u5b9f\u6027\u3092\u8003\u616e\u3059\u308b\u3068\u3001\u305d\u306e\u6c7a\u65ad\u306b\u5c11\u3057\u6642\u9593\u304c\u304b\u304b\u308b\u304b\u3082\u3057\u308c\u307e\u305b\u3093\u3002\u3068\u3044\u3046\u308f\u3051\u3067\u3001\u4eca\u5f8c\u6570\u9031\u9593\u3001\u7d20\u6674\u3089\u3057\u3044\u30d6\u30c3\u30ad\u30f3\u30b0\u30dc\u30ea\u30e5\u30fc\u30e0\u304c\u7d9a\u304f\u3053\u3068\u3092\u671f\u5f85\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>ArnoldDonald<\/p>\n<p>\u3082\u3061\u308d\u3093\u3067\u3059\u3002\u6d88\u8cbb\u8005\u4fe1\u983c\u611f\u3084\u3001COVID\u3001\u30a6\u30af\u30e9\u30a4\u30ca\u4fb5\u653b\u306a\u3069\u3001\u3055\u307e\u3056\u307e\u306a\u529b\u5b66\u306b\u3088\u308b\u4e0d\u78ba\u5b9f\u6027\u304c\u3042\u308b\u3053\u3068\u306f\u9593\u9055\u3044\u306a\u3044\u3067\u3057\u3087\u3046\u3002\u3057\u304b\u3057\u3001\u660e\u3089\u304b\u306b\u52e2\u3044\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<p>Assia Georgieva &#8212; Infinity Research &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u7d20\u6674\u3089\u3057\u3044\u3002\u672c\u5f53\u306b\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002\u304a\u4e8c\u4eba\u3068\u3082\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u6b21\u306e\u8cea\u554f\u306f\u3001\u30d9\u30ec\u30f3\u30d0\u30fc\u30b0\u306e\u30b9\u30c1\u30e5\u30a2\u30fc\u30c8\u30fb\u30b4\u30fc\u30c9\u30f3\u3055\u3093\u304b\u3089\u3067\u3059\u3002\u3069\u3046\u305e\u3001\u3054\u8cea\u554f\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>Stuart Gordon &#8212; Berenberg Capital Markets &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u30022\u30013\u70b9\u3060\u3051\u6c17\u306b\u306a\u308b\u3053\u3068\u304c\u3042\u308a\u307e\u3059\u3002\u307e\u305a1\u3064\u76ee\u306f\u3001\u4e7e\u30c9\u30c3\u30af\u306e\u65e5\u6570\u306b\u3064\u3044\u3066\u3067\u3059\u300222\u5e74\u4e0a\u534a\u671f\u306e\u30c9\u30c3\u30af\u5165\u308a\u65e5\u6570\u309219\u5e74\u4e0b\u534a\u671f\u3068\u6bd4\u8f03\u3057\u305f\u5834\u5408\u3001\u307e\u305f\u901a\u5e74\u3067\u898b\u305f\u5834\u5408\u3001\u3069\u306e\u7a0b\u5ea6\u306e\u65e5\u6570\u3092\u60f3\u5b9a\u3057\u3066\u3044\u308b\u304b\u6559\u3048\u3066\u304f\u3060\u3055\u3044\u3002\u307e\u305f\u300123\u5e74\u306b\u306f\u3069\u306e\u3088\u3046\u306a\u5f62\u306b\u306a\u308b\u306e\u3067\u3057\u3087\u3046\u304b\u3002<\/p>\n<p>\u6765\u5e74\u306f\u4e0d\u8981\u3068\u306a\u308b\u30c9\u30e9\u30a4\u30c9\u30c3\u30af\u65e5\u6570\u3092\u591a\u304f\u898b\u8fbc\u3093\u3067\u3044\u308b\u306e\u3067\u3057\u3087\u3046\u304b\u30022\u3064\u76ee\u306f\u3001\u30aa\u30df\u30af\u30ed\u30f3\u306e\u5f71\u97ff\u306b\u3064\u3044\u3066\u3067\u3059\u3002\u30aa\u30df\u30af\u30ed\u30f3\u306b\u3088\u308b\u30ad\u30e3\u30f3\u30bb\u30eb\u3067\u3001\u7a3c\u50cd\u7387\u306b\u3069\u306e\u3088\u3046\u306a\u30c0\u30e1\u30fc\u30b8\u304c\u3042\u3063\u305f\u306e\u3067\u3057\u3087\u3046\u304b\u3002<\/p>\n<p>\u30a2\u30fc\u30ce\u30eb\u30c9\u30fb\u30c9\u30ca\u30eb\u30c9<\/p>\n<p>\u30c9\u30e9\u30a4\u30c9\u30c3\u30af\u306e\u65e5\u6570\u306b\u3064\u3044\u3066\u306f\u3001\u79c1\u304c\u5f8c\u3092\u62c5\u5f53\u3057\u3001\u30c7\u30fc\u30d3\u30c3\u30c9\u304b\u3089\u304a\u8a71\u3057\u307e\u3059\u3002\u30aa\u30df\u30af\u30ed\u30f3\u306b\u3064\u3044\u3066\u306f\u3001\u5192\u982d\u306e\u30b3\u30e1\u30f3\u30c8\u3067\u7533\u3057\u4e0a\u3052\u305f\u3088\u3046\u306b\u3001\u660e\u3089\u304b\u306b\u6d88\u8cbb\u8005\u5fc3\u7406\u306b\u5f71\u97ff\u3092\u4e0e\u3048\u3001\u6df7\u4e71\u3092\u62db\u304d\u307e\u3057\u305f\u3002\u691c\u67fb\u3067\u967d\u6027\u53cd\u5fdc\u304c\u51fa\u305f\u305f\u3081\u306b\u30af\u30eb\u30fc\u30b8\u30f3\u30b0\u304c\u3067\u304d\u306a\u304b\u3063\u305f\u308a\u3001\u30bf\u30a4\u30e0\u30ea\u30fc\u306a\u691c\u67fb\u304c\u53d7\u3051\u3089\u308c\u306a\u304b\u3063\u305f\u308a\u3057\u305f\u306e\u3067\u3059\u3002<\/p>\n<p>\u305d\u3057\u3066\u3001\u30aa\u30df\u30af\u30ed\u30f3\u304c\u5f15\u304d\u8d77\u3053\u3057\u305f\u793e\u4f1a\u5168\u4f53\u3078\u306e\u5f71\u97ff\u3001\u4e0d\u78ba\u5b9f\u6027\u3001\u4e0d\u5b89\u611f\u3082\u3042\u308a\u307e\u3057\u305f\u3002\u30aa\u30df\u30af\u30ed\u30f3\u306e\u5f71\u97ff\u3068\u305d\u308c\u4ee5\u5916\u306e\u5f71\u97ff\u3068\u3092\u5206\u3051\u3066\u5b9a\u91cf\u5316\u3059\u308b\u306e\u306f\u96e3\u3057\u3044\u306e\u3067\u3059\u304c\u3001\u30aa\u30df\u30af\u30ed\u30f3\u306e\u5f71\u97ff\u3068\u305d\u308c\u4ee5\u5916\u306e\u5f71\u97ff\u3068\u3092\u5206\u3051\u3066\u5b9a\u91cf\u5316\u3059\u308b\u306e\u306f\u96e3\u3057\u3044\u306e\u3067\u3059\u3002\u3060\u304b\u3089\u3053\u305d\u3001\u79c1\u305f\u3061\u306f\u6ce2\u306e\u5b63\u7bc0\u304c\u9577\u304f\u306a\u308a\u3001\u305d\u306e\u53cd\u52d5\u304c\u73fe\u308c\u3066\u3044\u308b\u3068\u611f\u3058\u3066\u3044\u308b\u306e\u3067\u3059\u3002\u3057\u304b\u3057\u3001\u79c1\u305f\u3061\u306f\u305d\u308c\u3092\u4e57\u308a\u8d8a\u3048\u307e\u3057\u305f\u3002<\/p>\n<p>\u30c7\u30eb\u30bf\u3092\u4e57\u308a\u8d8a\u3048\u305f\u3088\u3046\u306b\u3001\u79c1\u305f\u3061\u306f\u305d\u308c\u3092\u4e57\u308a\u8d8a\u3048\u307e\u3057\u305f\u3002\u305d\u3057\u3066\u4eca\u3001\u52e2\u3044\u304c\u3042\u308a\u3001\u7269\u4e8b\u306f\u660e\u3089\u304b\u306b\u6b63\u3057\u3044\u65b9\u5411\u306b\u5411\u3044\u3066\u3044\u307e\u3059\u3002\u3067\u306f\u3001David\u3001\u4e7e\u30c9\u30c3\u30af\u306e\u65e5\u306b\u3064\u3044\u3066\u8a71\u3057\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>David Bernstein &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u306f\u3044\u3001\u30c9\u30e9\u30a4\u30c9\u30c3\u30af\u65e5\u6570\u3067\u3059\u304c\u30012019\u5e74\u306e141\u65e5\u306b\u5bfe\u3057\u3066\u3001\u7b2c1\u56db\u534a\u671f\u306f273\u65e5\u3067\u3059\u3002\u7b2c2\u56db\u534a\u671f\u306f\u30012019\u5e74\u306e184\u65e5\u306b\u5bfe\u3057\u3066399\u65e5\u3067\u3059\u3002\u901a\u5e74\u3067\u306f\u3001\u4eca\u5e74\u306f\u4eca\u3001802\u65e5\u306e\u4e7e\u30c9\u30c3\u30af\u65e5\u6570\u8a08\u753b\u3067\u3059\u3002<\/p>\n<p>\u7b2c4\u56db\u534a\u671f\u306b\u8ffd\u52a0\u306e\u30c9\u30e9\u30a4\u30c9\u30c3\u30af\u304c\u3042\u308a\u307e\u3059\u3002\u4eca\u306e\u3068\u3053\u308d2023\u5e74\u306e\u524d\u534a\u3057\u304b\u3042\u308a\u307e\u305b\u3093\u3002\u3068\u3053\u308d\u3067\u3001\u30c9\u30e9\u30a4\u30c9\u30c3\u30af\u306e\u591a\u304f\u306f\u3001\u901a\u5e38\u3001\u4e0a\u534a\u671f\u304b\u7b2c4\u56db\u534a\u671f\u306e\u3069\u3061\u3089\u304b\u3067\u3059\u3002\u3057\u304b\u3057\u30012023\u5e74\u306e\u4e0a\u534a\u671f\u306f272\u65e5\u306b\u307e\u3067\u6e1b\u5c11\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u7b2c4\u56db\u534a\u671f\u306f\u3082\u3046\u5c11\u3057\u5897\u3048\u308b\u3067\u3057\u3087\u3046\u3002\u3057\u304b\u3057\u3001\u30c9\u30e9\u30a4\u30c9\u30c3\u30af\u306e\u65e5\u6570\u306f\u304b\u306a\u308a\u5c11\u306a\u304f\u306a\u308b\u3053\u3068\u304c\u304a\u308f\u304b\u308a\u3044\u305f\u3060\u3051\u308b\u3068\u601d\u3044\u307e\u3059\u3002802\u65e5\u3068\u3044\u3046\u306e\u306f\u7570\u5e38\u306b\u591a\u3044\u6570\u5b57\u3067\u3059\u3002\u3053\u308c\u307e\u3067\u8d85\u3048\u305f\u3053\u3068\u306f\u306a\u3044\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>\u304a\u305d\u3089\u304f550\u65e5\u3068\u3044\u3046\u6570\u5b57\u304c\u3053\u308c\u307e\u3067\u3067\u6700\u5927\u3060\u3063\u305f\u3068\u601d\u3044\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u79c1\u306e\u30e1\u30e2\u306b\u3082\u66f8\u304d\u307e\u3057\u305f\u304c\u3001\u79c1\u305f\u3061\u306f\u8239\u3092\u623b\u3057\u3066\u3044\u308b\u306e\u3067\u3059\u3002\u6700\u9069\u5316\u3057\u3066\u3044\u308b\u306e\u3067\u3059\u3002\u3057\u304b\u3057\u3001\u79c1\u306e\u30e1\u30e2\u306b\u3042\u308b\u3088\u3046\u306b\u3001\u79c1\u305f\u3061\u306f\u8239\u3092\u623b\u3057\u3001\u6700\u9069\u5316\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u305d\u3057\u3066\u3001\u304a\u5ba2\u3055\u307e\u304c\u518d\u3073\u4e57\u8239\u3055\u308c\u305f\u3068\u304d\u306b\u3001\u8239\u304c\u7f8e\u3057\u304f\u898b\u3048\u308b\u3088\u3046\u306b\u3057\u305f\u3044\u306e\u3067\u3059\u3002\u3082\u3061\u308d\u3093\u3001\u8239\u4f53\u306e\u6d17\u6d44\u3082\u884c\u3063\u3066\u3044\u307e\u3059\u3002\u306a\u305c\u306a\u3089\u3001\u8239\u4f53\u3092\u304d\u308c\u3044\u306b\u3059\u308b\u3053\u3068\u3067\u3001\u71c3\u6599\u306e\u89b3\u70b9\u304b\u3089\u898b\u3066\u4fe1\u3058\u3089\u308c\u306a\u3044\u307b\u3069\u52b9\u7387\u304c\u826f\u304f\u306a\u308b\u304b\u3089\u3067\u3059\u3002\u3060\u304b\u3089\u3001\u72b6\u6cc1\u3092\u6700\u9069\u5316\u3057\u3066\u3044\u308b\u306e\u3067\u3059\u3002<\/p>\n<p>2019\u5e74\u901a\u671f\u306f\u624b\u5143\u306b\u306a\u3044\u306e\u3067\u3059\u304c\u3002\u7533\u3057\u8a33\u3042\u308a\u307e\u305b\u3093\u3002\u3057\u304b\u3057\u3001\u304a\u305d\u3089\u304f\u30d9\u30b9\u306f\u305d\u306e\u3053\u3068\u306b\u3064\u3044\u3066\u3042\u306a\u305f\u306b\u623b\u3063\u3066\u304f\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002<\/p>\n<p>\u30b9\u30c1\u30e5\u30a2\u30fc\u30c8\u30fb\u30b4\u30fc\u30c9\u30f3 &#8212; \u30d9\u30ec\u30f3\u30d9\u30eb\u30b0\u30fb\u30ad\u30e3\u30d4\u30bf\u30eb\u30fb\u30de\u30fc\u30b1\u30c3\u30c4 &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u3044\u3044\u3048\u3001\u3068\u3066\u3082\u53c2\u8003\u306b\u306a\u308a\u307e\u3057\u305f\u3002\u6700\u521d\u306e\u8cea\u554f\u306b\u623b\u3063\u3066\u3088\u308d\u3057\u3044\u3067\u3057\u3087\u3046\u304b\u3002\u3064\u307e\u308a\u3001\u3082\u3057\u5225\u306e\u30d0\u30ea\u30a8\u30fc\u30b7\u30e7\u30f3\u3001\u30c7\u30eb\u30bf\u3001\u30aa\u30df\u30af\u30ed\u30f3\u306e\u5404\u53cd\u5fa9\u3092\u898b\u308b\u3053\u3068\u306b\u306a\u3063\u305f\u5834\u5408\u3001a\u306f\u56de\u5fa9\u304c\u65e9\u304f\u3001b\u306f\u4eba\u9593\u306e\u6027\u8cea\u4e0a\u3001\u305d\u308c\u306b\u6163\u308c\u308b\u305f\u3081\u5f71\u97ff\u304c\u5c11\u306a\u304f\u306a\u308b\u3001\u3068\u8a00\u3063\u3066\u3082\u3088\u3044\u3067\u3057\u3087\u3046\u304b\u3002\u5c11\u306a\u304f\u3068\u3082\u3001\u3053\u308c\u306f\u516c\u5e73\u306a\u89b3\u5bdf\u3067\u3057\u3087\u3046\u304b\uff1f<\/p>\n<p>\u30a2\u30fc\u30ce\u30eb\u30c9\u30c9\u30ca\u30eb\u30c9<\/p>\n<p>\u4e9c\u7a2e\u304c\u3069\u3046\u306a\u308b\u304b\u306f\u3001\u3053\u308c\u304b\u3089\u3060\u3068\u601d\u3044\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u660e\u3089\u304b\u306b\u793e\u4f1a\u306e\u5099\u3048\u306f\u6574\u3063\u3066\u3044\u307e\u3059\u3002\u611f\u67d3\u75c7\u3084\u75ab\u5b66\u306a\u3069\u3001\u3042\u3089\u3086\u308b\u3053\u3068\u304c\u3088\u308a\u3088\u304f\u7406\u89e3\u3055\u308c\u3066\u3044\u307e\u3059\u3002\u3088\u308a\u591a\u304f\u306e\u4eba\u304c\u4e88\u9632\u63a5\u7a2e\u3092\u53d7\u3051\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u3082\u3061\u308d\u3093\u3001\u3053\u308c\u306f\u5927\u304d\u306a\u3053\u3068\u3067\u3059\u3002\u305d\u3057\u3066\u3001\u30aa\u30df\u30af\u30ed\u30f3\u3084\u30aa\u30df\u30af\u30ed\u30f3\u306eB\u578b\u306a\u3069\u3001\u3055\u307e\u3056\u307e\u306a\u7a2e\u985e\u306e\u30a6\u30a4\u30eb\u30b9\u3067\u672c\u5f53\u306b\u75c5\u6c17\u306b\u306a\u308b\u4eba\u306f\u5c11\u306a\u304f\u306a\u3063\u3066\u304d\u3066\u3044\u307e\u3059\u3002\u305d\u306e\u305f\u3081\u3001\u5165\u9662\u3084\u9577\u671f\u7684\u306a\u5f71\u97ff\u306e\u60aa\u5316\u306a\u3069\u3001\u672c\u6765\u3042\u308b\u3079\u304d\u59ff\u306b\u7126\u70b9\u304c\u79fb\u3063\u3066\u304d\u3066\u3044\u307e\u3059\u3002\u9577\u671f\u7684\u306a\u5f71\u97ff\u306f\u3088\u308a\u6df1\u523b\u3067\u3059\u3002\u793e\u4f1a\u304c\u3001\u3042\u308b\u7a2e\u306e\u5909\u7570\u4f53\u306b\u3088\u308b\u5f71\u97ff\u3092\u5927\u304d\u304f\u53d7\u3051\u306a\u3044\u9650\u308a\u3001\u3042\u306a\u305f\u306e\u8a00\u3046\u3068\u304a\u308a\u3001\u4eba\u3005\u306f\u3053\u306e\u75c5\u6c17\u3068\u4e0a\u624b\u306b\u4ed8\u304d\u5408\u3044\u3001\u5b89\u5168\u3067\u5feb\u9069\u306a\u751f\u6d3b\u3092\u9001\u308b\u65b9\u6cd5\u3092\u5b66\u3093\u3067\u3044\u307e\u3059\u3002<\/p>\n<p>\u3082\u3061\u308d\u3093\u3001\u79c1\u305f\u3061\u306e\u30d7\u30ed\u30c8\u30b3\u30eb\u306f\u3068\u3066\u3082\u5f79\u306b\u7acb\u3063\u3066\u3044\u307e\u3059\u3002\u8a66\u9a13\u3084\u4e88\u9632\u63a5\u7a2e\u3001\u305d\u306e\u4ed6\u3059\u3079\u3066\u306e\u30d7\u30ed\u30c8\u30b3\u30eb\u306e\u304a\u304b\u3052\u3067\u3001\u8239\u4e0a\u3067\u306f\u9678\u4e0a\u3068\u540c\u7b49\u306e\u4e8b\u6545\u3088\u308a\u3082\u306f\u308b\u304b\u306b\u826f\u597d\u306a\u7d50\u679c\u304c\u5f97\u3089\u308c\u3066\u3044\u307e\u3059\u3002\u305d\u306e\u305f\u3081\u3001\u79c1\u305f\u3061\u306f\u6700\u3082\u5b89\u5168\u306a\u793e\u4f1a\u5316\u306e\u5f62\u3092\u3068\u3063\u3066\u3044\u307e\u3059\u3057\u3001\u7ba1\u7406\u65b9\u6cd5\u306b\u3064\u3044\u3066\u3082\u591a\u304f\u3092\u5b66\u3073\u307e\u3057\u305f\u3002\u30c7\u30eb\u30bf\u3001\u30aa\u30df\u30af\u30ed\u30f3\u3001\u305d\u306e\u3059\u3079\u3066\u3092\u901a\u3058\u3066\u3001\u9678\u4e0a\u3067\u8d77\u3053\u308b\u3088\u308a\u3082\u306f\u308b\u304b\u306b\u4f4e\u3044\u767a\u751f\u7387\u3067\u3001\u516c\u8846\u885b\u751f\u306e\u6700\u5584\u306e\u5229\u76ca\u306e\u305f\u3081\u306b\u5bfe\u51e6\u3059\u308b\u3053\u3068\u306b\u304b\u306a\u308a\u719f\u9054\u3057\u3066\u304d\u307e\u3057\u305f\u3002<\/p>\n<p>\u3057\u304b\u3057\u3001\u5168\u4f53\u3068\u3057\u3066\u306f\u3001\u793e\u4f1a\u304c\u305d\u308c\u306b\u6163\u308c\u3066\u304d\u3066\u3044\u308b\u306e\u3067\u3059\u3002\u5165\u9662\u60a3\u8005\u6570\u304c\u5897\u52a0\u3057\u305f\u308a\u3001\u60aa\u5316\u3057\u305f\u308a\u3057\u306a\u3044\u9650\u308a\u3001\u73fe\u5728\u306e\u3088\u3046\u306a\u50be\u5411\u304c\u7d9a\u304f\u3068\u601d\u308f\u308c\u307e\u3059\u3002<\/p>\n<p>Stuart Gordon &#8212; Berenberg Capital Markets &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>\u30c7\u30d3\u30c3\u30c9\u30fb\u30d0\u30fc\u30f3\u30b9\u30bf\u30a4\u30f3 &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u307e\u305f\u3001\u30c6\u30b9\u30c8\u306f\u3088\u308a\u591a\u304f\u5229\u7528\u3067\u304d\u308b\u3053\u3068\u3092\u5fd8\u308c\u306a\u3044\u3067\u304f\u3060\u3055\u3044\u3002\u3053\u308c\u3082\u975e\u5e38\u306b\u52a9\u304b\u308a\u307e\u3059\u3002\u7b2c1\u56db\u534a\u671f\u306f\u3001\u30c6\u30b9\u30c8\u306e\u9762\u3067\u5927\u304d\u306a\u554f\u984c\u304c\u3042\u308a\u307e\u3057\u305f\u304b\u3089\u3002<\/p>\n<p>Stuart Gordon &#8212; Berenberg Capital Markets &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u306f\u3044\u3002\u4e86\u89e3\u3057\u307e\u3057\u305f\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u6b21\u306e\u8cea\u554f\u306b\u79fb\u308a\u307e\u3059&#8230;<\/p>\n<p>ArnoldDonald<\/p>\n<p>\u304a\u305d\u3089\u304f\u3053\u308c\u304c\u6700\u5f8c\u306e\u8cea\u554f\u306b\u306a\u308b\u3068\u601d\u3044\u307e\u3059\u3002\u3044\u3044\u3067\u3059\u3088\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u305d\u308c\u3067\u306f\u3001\u6700\u5f8c\u306bWolfe Research\u306eFred Wightman\u304b\u3089\u8cea\u554f\u3092\u3055\u305b\u3066\u3044\u305f\u3060\u304d\u307e\u3059\u3002\u3069\u3046\u305e\u3088\u308d\u3057\u304f\u304a\u9858\u3044\u3057\u307e\u3059\u3002<\/p>\n<p>Fred Wightman &#8212; Wolfe Research &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u3084\u3042\u3001\u307f\u3093\u306a\u3002\u304a\u306f\u3088\u3046\u3054\u3056\u3044\u307e\u3059\u3002100\uff05\u4ee5\u4e0a\u306e\u7a3c\u50cd\u7387\u3092\u793a\u3057\u3066\u3044\u308b\u822a\u8def\u306b\u3064\u3044\u3066\u3001\u3082\u3046\u5c11\u3057\u8a73\u3057\u304f\u6559\u3048\u3066\u3044\u305f\u3060\u3051\u308c\u3070\u3068\u601d\u3044\u307e\u3059\u3002\u305d\u308c\u306f\u30ab\u30fc\u30cb\u30d0\u30eb\u30fb\u30d6\u30e9\u30f3\u30c9\u306b\u96c6\u4e2d\u3057\u3066\u3044\u308b\u3088\u3046\u306a\u6c17\u304c\u3059\u308b\u306e\u3067\u3059\u304c\u3002<\/p>\n<p>\u305d\u308c\u306f\u4e3b\u306b\u5357\u30d5\u30ed\u30ea\u30c0\u304b\u3089\u306e\u51fa\u767a\u306a\u306e\u3067\u3057\u3087\u3046\u304b\uff1f\u307e\u305f\u3001\u305d\u306e\u3088\u3046\u306a\u5ba2\u8239\u304c\u3042\u308b\u5834\u6240\u3084\u30db\u30fc\u30e0\u30dd\u30fc\u30c6\u30a3\u30f3\u30b0\u306a\u3069\u3001\u304b\u306a\u308a\u5e83\u7bc4\u56f2\u306b\u6e21\u3063\u3066\u597d\u8abf\u306a\u306e\u304b\u3001\u4f55\u304b\u88dc\u8db3\u304c\u3042\u308c\u3070\u5e78\u3044\u3067\u3059\u3002<\/p>\n<p>ArnoldDonald<\/p>\n<p>\u30ab\u30fc\u30cb\u30d0\u30eb\u30d6\u30e9\u30f3\u30c9\u306b\u9650\u3089\u305a\u3001\u9593\u9055\u3044\u306a\u304f\u5317\u7c73\u5fd7\u5411\u304c\u5f37\u3044\u3002\u305d\u306e\u7279\u5fb4\u306f\u3001\u4eba\u3005\u304c\u6163\u308c\u89aa\u3057\u3093\u3067\u304d\u305f\u4f1d\u7d71\u7684\u306a\u65c5\u7a0b\u306e\u3088\u3046\u306a\u3082\u306e\u3060\u3068\u601d\u3044\u307e\u3059\u3002\u3082\u3061\u308d\u3093\u3001\u76ee\u7684\u5730\u306b\u7a7a\u304d\u304c\u306a\u304b\u3063\u305f\u308a\u3001\u898f\u7d04\u306e\u95a2\u4fc2\u3067\u304a\u5ba2\u69d8\u3092\u304a\u9023\u308c\u3059\u308b\u3053\u3068\u304c\u96e3\u3057\u304b\u3063\u305f\u308a\u3057\u3066\u3001\u8d85\u8c6a\u83ef\u306a\u65c5\u7a0b\u3092\u7d44\u3080\u3053\u3068\u3082\u3042\u308a\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u5168\u4f53\u7684\u306b\u898b\u308c\u3070\u3001100\uff05\u51fa\u822a\u304c\u591a\u3044\u3068\u3044\u3046\u3053\u3068\u306f\u3001\u78ba\u5b9f\u306b\u72b6\u6cc1\u304c\u623b\u3063\u3066\u304d\u305f\u3068\u3044\u3046\u3053\u3068\u3060\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>\u305d\u3057\u3066\u3001\u30d7\u30ed\u30c8\u30b3\u30eb\u306b\u5247\u3063\u3066100%\u3067\u8ca9\u58f2\u3059\u308b\u80fd\u529b\u304c\u3042\u308a\u3001\u304b\u3064\u516c\u8846\u885b\u751f\u306e\u89b3\u70b9\u304b\u3089\u3082\u3001\u5065\u5eb7\u3068\u5b89\u5168\u306e\u89b3\u70b9\u304b\u3089\u672c\u5f53\u306b\u826f\u3044\u7d50\u679c\u3092\u3082\u305f\u3089\u3059\u3053\u3068\u304c\u3067\u304d\u308b\u306e\u3067\u3059\u3002\u3064\u307e\u308a\u3001\u4ed6\u306e\u5730\u57df\u306b\u306f\u307e\u3060\u591a\u304f\u306e\u898f\u5236\u304c\u3042\u308a\u307e\u3059\u3002\u8ffd\u52a0\u306e\u30d7\u30ed\u30c8\u30b3\u30eb\u304c\u3042\u308a\u307e\u3059\u3002\u805e\u304d\u53d6\u308a\u306b\u304f\u3044\u304b\u3082\u3057\u308c\u307e\u305b\u3093\u304c\u3001\u4e16\u754c\u4e2d\u306b9\u3064\u306e\u30d6\u30e9\u30f3\u30c9\u3092\u5c55\u958b\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u81ea\u56fd\u306e\u5e02\u5834\u3060\u3051\u3067\u306a\u304f\u3001\u9032\u51fa\u5148\u306e\u5e02\u5834\u306b\u3082\u3055\u307e\u3056\u307e\u306a\u898f\u5236\u3084\u30d7\u30ed\u30c8\u30b3\u30eb\u304c\u3042\u308a\u3001\u305d\u308c\u306b\u5bfe\u51e6\u3057\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u306e\u3067\u3059\u3002\u305d\u306e\u305f\u3081\u3001\u3055\u307e\u3056\u307e\u306a\u554f\u984c\u304c\u767a\u751f\u3057\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u305d\u308c\u306f\u5c11\u306a\u304f\u306a\u3063\u3066\u304d\u3066\u3044\u307e\u3059\u3002\u305d\u3057\u3066\u3001\u6642\u9593\u3092\u304b\u3051\u3066\u6e80\u5ba4\u306b\u3057\u3001\u3059\u3079\u3066\u306e\u8239\u304c\u51fa\u6e2f\u3067\u304d\u308b\u3088\u3046\u306b\u3059\u308b\u65b9\u5411\u306b\u5411\u304b\u3063\u3066\u3044\u308b\u306e\u3067\u3059\u3002<\/p>\n<p>Fred Wightman &#8212; Wolfe Research &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u306a\u308b\u307b\u3069\u306d\u3002\u305d\u308c\u304b\u3089\u3001\u5bb6\u4e8b\u306e\u3088\u3046\u306a\u8cea\u554f\u3067\u3059\u3002\u4eca\u5e74\u5f8c\u534a\u304b\u308923\u5e74\u306b\u304b\u3051\u3066\u306e\u53ce\u76ca\u898b\u901a\u3057\u306b\u3064\u3044\u3066\u30b3\u30e1\u30f3\u30c8\u3055\u308c\u3066\u3044\u307e\u3059\u304c\u3001\u3053\u308c\u306f\u73fe\u5728\u306e\u30b9\u30dd\u30c3\u30c8\u71c3\u6599\u4fa1\u683c\u3092\u524d\u63d0\u306b\u3057\u3066\u3044\u308b\u306e\u3067\u3057\u3087\u3046\u304b\uff1f\u305d\u308c\u3068\u3082\u30d5\u30a9\u30ef\u30fc\u30c9\u30ab\u30fc\u30d6\u3092\u898b\u3066\u3044\u308b\u306e\u3067\u3057\u3087\u3046\u304b\uff1f\u79c1\u306f\u305d\u308c\u3092\u60f3\u5b9a\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>David Bernstein &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u3067\u3059\u304b\u3089\u3001\u79c1\u305f\u3061\u306e\u30b3\u30e1\u30f3\u30c8\u306f\u975e\u5e38\u306b\u5e45\u5e83\u3044\u3082\u306e\u3067\u3057\u305f\u3002\u79c1\u306f\u3001\u71c3\u6599\u304c\u73fe\u5728\u306e\u30b9\u30dd\u30c3\u30c8\u4fa1\u683c\u3088\u308a\u826f\u304f\u306a\u308b\u3053\u3068\u3092\u60f3\u5b9a\u3057\u3066\u3044\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u30b3\u30e1\u30f3\u30c8\u306f\u304b\u306a\u308a\u5927\u96d1\u628a\u306a\u3082\u306e\u3067\u3059\u3002<\/p>\n<p>\u307e\u305f\u3001\u5177\u4f53\u7684\u306a\u30ac\u30a4\u30c0\u30f3\u30b9\u306f\u793a\u3057\u3066\u3044\u307e\u305b\u3093\u3002\u3067\u3059\u304b\u3089\u3001\u71c3\u6599\u4fa1\u683c\u306f\u30dc\u30c8\u30e0\u30e9\u30a4\u30f3\u306b\u3068\u3063\u3066\u91cd\u8981\u3067\u3059\u304c\u3001\u4fa1\u683c\u306b\u3088\u3063\u3066\u306f\u3001\u79c1\u305f\u3061\u304c\u63d0\u793a\u3057\u305f\u640d\u76ca\u306e\u30ac\u30a4\u30c0\u30f3\u30b9\u306e\u7bc4\u56f2\u5185\u306b\u53ce\u307e\u308b\u3088\u3046\u306a\u3001\u5e45\u5e83\u3044\u30ec\u30f3\u30b8\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<p>Fred Wightman &#8212; Wolfe Research &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>ArnoldDonald<\/p>\n<p>\u7686\u3055\u3093\u3001\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u30aa\u30da\u30ec\u30fc\u30bf\u30fc\u3001\u3069\u3046\u3082\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002\u3057\u304b\u3057\u3001\u7686\u3055\u3093\u3001\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u79c1\u305f\u3061\u306b\u95a2\u5fc3\u3092\u6301\u3063\u3066\u3044\u305f\u3060\u304d\u3001\u611f\u8b1d\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u79c1\u305f\u3061\u306f\u3001\u518d\u3073\u4eba\u3005\u3092\u8fce\u3048\u5165\u308c\u308b\u3053\u3068\u3092\u3068\u3066\u3082\u697d\u3057\u307f\u306b\u3057\u3066\u3044\u307e\u3059\u3002\u30a6\u30af\u30e9\u30a4\u30ca\u4fb5\u653b\u306e\u88ab\u5bb3\u306b\u906d\u308f\u308c\u305f\u65b9\u3005\u306b\u306f \u5fc3\u3088\u308a\u304a\u898b\u821e\u3044\u7533\u3057\u4e0a\u3052\u307e\u3059 \u3057\u304b\u3057\u3001\u79c1\u305f\u3061\u306f\u305d\u3053\u306b\u5e73\u548c\u3068\u660e\u308b\u3044\u65e5\u3005\u3092\u671f\u5f85\u3057\u3066\u3044\u307e\u3059\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>&nbsp;<\/p>\n<p>\u4ee5\u4e0a\u3067\u3059\u3002\u4ed6\u306e\u7ffb\u8a33\u5e0c\u671b\u304c\u3042\u308c\u3070\u3054\u9023\u7d61\u3044\u305f\u3060\u3051\u308c\u3070\u691c\u8a0e\u3044\u305f\u3057\u307e\u3059\u3002<\/p>\n<p>\uff0a\u8aa4\u8a33\u306a\u3069\u304c\u3042\u308b\u304b\u3082\u3057\u308c\u307e\u305b\u3093\u3067\u306e\u53c2\u8003\u7a0b\u5ea6\u306b\u3057\u3066\u3044\u305f\u3060\u304d\u6295\u8cc7\u306f\u81ea\u5df1\u5224\u65ad\u3067\u304a\u9858\u3044\u3057\u307e\u3059\u3002<\/p>\n<p>\u30d6\u30ed\u30b0\u904b\u55b6\u306e\u52b1\u307f\u306b\u306a\u308a\u307e\u3059\u306e\u3067\u3001\u304a\u624b\u6570\u3067\u3059\u304c\u3001\u5fdc\u63f4\u306e\uff11\u65e5\uff11\u30af\u30ea\u30c3\u30af\u3092\u3088\u308d\u3057\u304f\u304a\u9858\u3044\u81f4\u3057\u307e\u3059\u3002<\/p>\n<p>\u2193\u2193\uff1c\u5fdc\u63f4\u30af\u30ea\u30c3\u30af\u304a\u9858\u3044\u3057\u307e\u3059\uff1e<\/p>\n<p><a href=\"https:\/\/stock.blogmura.com\/ranking\/in?p_cid=11122923\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/b.blogmura.com\/stock\/88_31.gif\" alt=\"\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751 \u682a\u30d6\u30ed\u30b0\u3078\" width=\"88\" height=\"31\" border=\"0\"><\/a><br \/>\n<a href=\"https:\/\/stock.blogmura.com\/ranking\/in?p_cid=11122923\" target=\"_blank\" rel=\"noopener\">\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751<\/a><\/p>\n<p><a href=\"https:\/\/stock.blogmura.com\/stockinfo\/ranking\/in?p_cid=11122923\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/b.blogmura.com\/stock\/stockinfo\/88_31.gif\" alt=\"\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751 \u682a\u30d6\u30ed\u30b0 \u682a\u5f0f\u6295\u8cc7\u60c5\u5831\u3078\" width=\"88\" height=\"31\" border=\"0\"><\/a><br \/>\n<a href=\"https:\/\/stock.blogmura.com\/stockinfo\/ranking\/in?p_cid=11122923\" target=\"_blank\" rel=\"noopener\">\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751<\/a><\/p>\n<p><a href=\"https:\/\/stock.blogmura.com\/americastock\/ranking\/in?p_cid=11122923\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/b.blogmura.com\/stock\/americastock\/88_31.gif\" alt=\"\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751 \u682a\u30d6\u30ed\u30b0 \u7c73\u56fd\u682a\u3078\" width=\"88\" height=\"31\" border=\"0\"><\/a><br \/>\n<a href=\"https:\/\/stock.blogmura.com\/americastock\/ranking\/in?p_cid=11122923\" target=\"_blank\" rel=\"noopener\">\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751<\/a><\/p>\n<p><a href=\"https:\/\/stock.blogmura.com\/tenbagger\/ranking\/in?p_cid=11122923\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/b.blogmura.com\/stock\/tenbagger\/88_31.gif\" alt=\"\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751 \u682a\u30d6\u30ed\u30b0 \u30c6\u30f3\u30d0\u30ac\u30fc\u3078\" width=\"88\" height=\"31\" border=\"0\"><\/a><br \/>\n<a href=\"https:\/\/stock.blogmura.com\/tenbagger\/ranking\/in?p_cid=11122923\" target=\"_blank\" rel=\"noopener\">\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u30ab\u30fc\u30cb\u30d0\u30eb\u30fb\u30b3\u30fc\u30dd\u30ec\u30fc\u30b7\u30e7\u30f3 ( NYSE:CCL )2022\u5e74\u7b2c1\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a\u306e\u65e5\u672c\u8a9e\u8a33\u3067\u3059\u3002 \u30aa\u30df\u30af\u30ed\u30f3\u682a\u3084\u30a6\u30af\u30e9\u30a4\u30ca\u6226\u4e89\u3001\u539f\u6cb9\u9ad8\u3001\u4eba\u4ef6\u8cbb\u9ad8\u9a30\u306a\u3069\u30de\u30a4\u30ca\u30b9\u8981\u56e0\u3082\u591a\u304f\u3042\u308a\u307e\u3057\u305f\u304c\u4eca\u5f8c\u306e\u9700\u8981\u304c\u3069\u306e\u3088\u3046\u306b\u306a\u3063\u3066\u3044\u308b\u304b\u3060 &#8230; <\/p>\n","protected":false},"author":1,"featured_media":335,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[159,160,575,76,274,105,83,161],"class_list":{"0":"post-1277","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-72","8":"tag-ccl","9":"tag-160","10":"tag-575","11":"tag-76","12":"tag-274","13":"tag-105","14":"tag-83","15":"tag-161"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>\u3010\u7ffb\u8a33\u3011\u30ab\u30fc\u30cb\u30d0\u30eb\u30fb\u30b3\u30fc\u30dd\u30ec\u30fc\u30b7\u30e7\u30f3 ( NYSE:CCL )2022\u5e74\u7b2c1\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a &#8211; \u682a\u5f0f\u6295\u8cc7\u30921up\u3059\u308b\u30d6\u30ed\u30b0<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/1up-life.blog\/?p=1277\" \/>\n<meta property=\"og:locale\" content=\"ja_JP\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u3010\u7ffb\u8a33\u3011\u30ab\u30fc\u30cb\u30d0\u30eb\u30fb\u30b3\u30fc\u30dd\u30ec\u30fc\u30b7\u30e7\u30f3 ( NYSE:CCL )2022\u5e74\u7b2c1\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a &#8211; \u682a\u5f0f\u6295\u8cc7\u30921up\u3059\u308b\u30d6\u30ed\u30b0\" \/>\n<meta property=\"og:description\" content=\"\u30ab\u30fc\u30cb\u30d0\u30eb\u30fb\u30b3\u30fc\u30dd\u30ec\u30fc\u30b7\u30e7\u30f3 ( NYSE:CCL )2022\u5e74\u7b2c1\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a\u306e\u65e5\u672c\u8a9e\u8a33\u3067\u3059\u3002 \u30aa\u30df\u30af\u30ed\u30f3\u682a\u3084\u30a6\u30af\u30e9\u30a4\u30ca\u6226\u4e89\u3001\u539f\u6cb9\u9ad8\u3001\u4eba\u4ef6\u8cbb\u9ad8\u9a30\u306a\u3069\u30de\u30a4\u30ca\u30b9\u8981\u56e0\u3082\u591a\u304f\u3042\u308a\u307e\u3057\u305f\u304c\u4eca\u5f8c\u306e\u9700\u8981\u304c\u3069\u306e\u3088\u3046\u306b\u306a\u3063\u3066\u3044\u308b\u304b\u3060 ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/1up-life.blog\/?p=1277\" \/>\n<meta property=\"og:site_name\" content=\"\u682a\u5f0f\u6295\u8cc7\u30921up\u3059\u308b\u30d6\u30ed\u30b0\" \/>\n<meta property=\"article:published_time\" content=\"2022-03-22T21:31:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/1up-life.blog\/wp-content\/uploads\/2021\/09\/CCL.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"960\" \/>\n\t<meta property=\"og:image:height\" content=\"315\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"\u3059\u3051\u307d\u3093\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"\u57f7\u7b46\u8005\" \/>\n\t<meta name=\"twitter:data1\" content=\"\u3059\u3051\u307d\u3093\" \/>\n\t<meta name=\"twitter:label2\" content=\"\u63a8\u5b9a\u8aad\u307f\u53d6\u308a\u6642\u9593\" \/>\n\t<meta name=\"twitter:data2\" content=\"2\u5206\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/1up-life.blog\\\/?p=1277#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/1up-life.blog\\\/?p=1277\"},\"author\":{\"name\":\"\u3059\u3051\u307d\u3093\",\"@id\":\"https:\\\/\\\/1up-life.blog\\\/#\\\/schema\\\/person\\\/1706c8f6d05b86f64e59045d776dc7b9\"},\"headline\":\"\u3010\u7ffb\u8a33\u3011\u30ab\u30fc\u30cb\u30d0\u30eb\u30fb\u30b3\u30fc\u30dd\u30ec\u30fc\u30b7\u30e7\u30f3 ( NYSE:CCL )2022\u5e74\u7b2c1\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a\",\"datePublished\":\"2022-03-22T21:31:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/1up-life.blog\\\/?p=1277\"},\"wordCount\":312,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/1up-life.blog\\\/#\\\/schema\\\/person\\\/1706c8f6d05b86f64e59045d776dc7b9\"},\"image\":{\"@id\":\"https:\\\/\\\/1up-life.blog\\\/?p=1277#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/1up-life.blog\\\/wp-content\\\/uploads\\\/2021\\\/09\\\/CCL.jpg\",\"keywords\":[\"CCL\",\"\u30ab\u30fc\u30cb\u30d0\u30eb\",\"\u30ab\u30fc\u30cb\u30d0\u30eb\u30b3\u30fc\u30dd\u30ec\u30fc\u30b7\u30e7\u30f3\",\"\u30ab\u30f3\u30d5\u30a1\u30ec\u30f3\u30b9\u30b3\u30fc\u30eb\",\"\u30af\u30eb\u30fc\u30ba\",\"\u6c7a\u7b97\",\"\u7c73\u56fd\u682a\",\"\u89b3\u5149\"],\"articleSection\":[\"\u30ab\u30f3\u30d5\u30a1\u30ec\u30f3\u30b9\u30b3\u30fc\u30eb\u65e5\u672c\u8a9e\u8a33\"],\"inLanguage\":\"ja\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/1up-life.blog\\\/?p=1277#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/1up-life.blog\\\/?p=1277\",\"url\":\"https:\\\/\\\/1up-life.blog\\\/?p=1277\",\"name\":\"\u3010\u7ffb\u8a33\u3011\u30ab\u30fc\u30cb\u30d0\u30eb\u30fb\u30b3\u30fc\u30dd\u30ec\u30fc\u30b7\u30e7\u30f3 ( NYSE:CCL )2022\u5e74\u7b2c1\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a &#8211; \u682a\u5f0f\u6295\u8cc7\u30921up\u3059\u308b\u30d6\u30ed\u30b0\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/1up-life.blog\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/1up-life.blog\\\/?p=1277#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/1up-life.blog\\\/?p=1277#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/1up-life.blog\\\/wp-content\\\/uploads\\\/2021\\\/09\\\/CCL.jpg\",\"datePublished\":\"2022-03-22T21:31:39+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/1up-life.blog\\\/?p=1277#breadcrumb\"},\"inLanguage\":\"ja\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/1up-life.blog\\\/?p=1277\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"ja\",\"@id\":\"https:\\\/\\\/1up-life.blog\\\/?p=1277#primaryimage\",\"url\":\"https:\\\/\\\/1up-life.blog\\\/wp-content\\\/uploads\\\/2021\\\/09\\\/CCL.jpg\",\"contentUrl\":\"https:\\\/\\\/1up-life.blog\\\/wp-content\\\/uploads\\\/2021\\\/09\\\/CCL.jpg\",\"width\":960,\"height\":315},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/1up-life.blog\\\/?p=1277#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"\u30db\u30fc\u30e0\",\"item\":\"https:\\\/\\\/1up-life.blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"\u3010\u7ffb\u8a33\u3011\u30ab\u30fc\u30cb\u30d0\u30eb\u30fb\u30b3\u30fc\u30dd\u30ec\u30fc\u30b7\u30e7\u30f3 ( NYSE:CCL )2022\u5e74\u7b2c1\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/1up-life.blog\\\/#website\",\"url\":\"https:\\\/\\\/1up-life.blog\\\/\",\"name\":\"\u7c73\u56fd\u682a\u30921up\u3059\u308b\u30d6\u30ed\u30b0\",\"description\":\"\u4e3b\u306b\u7c73\u56fd\u682a\u306e\u6c7a\u7b97\u60c5\u5831\u3084\u6295\u8cc7\u306b\u3064\u3044\u3066\u7d39\u4ecb\u3057\u3066\u3044\u304d\u307e\u3059\u3002\u305f\u307e\u306b\u65e5\u672c\u682a\u3067\u3082\u8208\u5473\u304c\u3042\u308b\u3053\u3068\u3092\u66f8\u3044\u3066\u3044\u304d\u307e\u3059\u3002\",\"publisher\":{\"@id\":\"https:\\\/\\\/1up-life.blog\\\/#\\\/schema\\\/person\\\/1706c8f6d05b86f64e59045d776dc7b9\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/1up-life.blog\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"ja\"},{\"@type\":[\"Person\",\"Organization\"],\"@id\":\"https:\\\/\\\/1up-life.blog\\\/#\\\/schema\\\/person\\\/1706c8f6d05b86f64e59045d776dc7b9\",\"name\":\"\u3059\u3051\u307d\u3093\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"ja\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/12c497be8a6e2d3e908d0bd22f4fec4ba47c4da19b8458040d8040e22dd0ef49?s=96&d=monsterid&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/12c497be8a6e2d3e908d0bd22f4fec4ba47c4da19b8458040d8040e22dd0ef49?s=96&d=monsterid&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/12c497be8a6e2d3e908d0bd22f4fec4ba47c4da19b8458040d8040e22dd0ef49?s=96&d=monsterid&r=g\",\"caption\":\"\u3059\u3051\u307d\u3093\"},\"logo\":{\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/12c497be8a6e2d3e908d0bd22f4fec4ba47c4da19b8458040d8040e22dd0ef49?s=96&d=monsterid&r=g\"},\"sameAs\":[\"https:\\\/\\\/1up-life.blog\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"\u3010\u7ffb\u8a33\u3011\u30ab\u30fc\u30cb\u30d0\u30eb\u30fb\u30b3\u30fc\u30dd\u30ec\u30fc\u30b7\u30e7\u30f3 ( NYSE:CCL )2022\u5e74\u7b2c1\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a &#8211; \u682a\u5f0f\u6295\u8cc7\u30921up\u3059\u308b\u30d6\u30ed\u30b0","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/1up-life.blog\/?p=1277","og_locale":"ja_JP","og_type":"article","og_title":"\u3010\u7ffb\u8a33\u3011\u30ab\u30fc\u30cb\u30d0\u30eb\u30fb\u30b3\u30fc\u30dd\u30ec\u30fc\u30b7\u30e7\u30f3 ( NYSE:CCL )2022\u5e74\u7b2c1\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a &#8211; \u682a\u5f0f\u6295\u8cc7\u30921up\u3059\u308b\u30d6\u30ed\u30b0","og_description":"\u30ab\u30fc\u30cb\u30d0\u30eb\u30fb\u30b3\u30fc\u30dd\u30ec\u30fc\u30b7\u30e7\u30f3 ( NYSE:CCL )2022\u5e74\u7b2c1\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a\u306e\u65e5\u672c\u8a9e\u8a33\u3067\u3059\u3002 \u30aa\u30df\u30af\u30ed\u30f3\u682a\u3084\u30a6\u30af\u30e9\u30a4\u30ca\u6226\u4e89\u3001\u539f\u6cb9\u9ad8\u3001\u4eba\u4ef6\u8cbb\u9ad8\u9a30\u306a\u3069\u30de\u30a4\u30ca\u30b9\u8981\u56e0\u3082\u591a\u304f\u3042\u308a\u307e\u3057\u305f\u304c\u4eca\u5f8c\u306e\u9700\u8981\u304c\u3069\u306e\u3088\u3046\u306b\u306a\u3063\u3066\u3044\u308b\u304b\u3060 ...","og_url":"https:\/\/1up-life.blog\/?p=1277","og_site_name":"\u682a\u5f0f\u6295\u8cc7\u30921up\u3059\u308b\u30d6\u30ed\u30b0","article_published_time":"2022-03-22T21:31:39+00:00","og_image":[{"width":960,"height":315,"url":"https:\/\/1up-life.blog\/wp-content\/uploads\/2021\/09\/CCL.jpg","type":"image\/jpeg"}],"author":"\u3059\u3051\u307d\u3093","twitter_card":"summary_large_image","twitter_misc":{"\u57f7\u7b46\u8005":"\u3059\u3051\u307d\u3093","\u63a8\u5b9a\u8aad\u307f\u53d6\u308a\u6642\u9593":"2\u5206"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/1up-life.blog\/?p=1277#article","isPartOf":{"@id":"https:\/\/1up-life.blog\/?p=1277"},"author":{"name":"\u3059\u3051\u307d\u3093","@id":"https:\/\/1up-life.blog\/#\/schema\/person\/1706c8f6d05b86f64e59045d776dc7b9"},"headline":"\u3010\u7ffb\u8a33\u3011\u30ab\u30fc\u30cb\u30d0\u30eb\u30fb\u30b3\u30fc\u30dd\u30ec\u30fc\u30b7\u30e7\u30f3 ( NYSE:CCL )2022\u5e74\u7b2c1\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a","datePublished":"2022-03-22T21:31:39+00:00","mainEntityOfPage":{"@id":"https:\/\/1up-life.blog\/?p=1277"},"wordCount":312,"commentCount":0,"publisher":{"@id":"https:\/\/1up-life.blog\/#\/schema\/person\/1706c8f6d05b86f64e59045d776dc7b9"},"image":{"@id":"https:\/\/1up-life.blog\/?p=1277#primaryimage"},"thumbnailUrl":"https:\/\/1up-life.blog\/wp-content\/uploads\/2021\/09\/CCL.jpg","keywords":["CCL","\u30ab\u30fc\u30cb\u30d0\u30eb","\u30ab\u30fc\u30cb\u30d0\u30eb\u30b3\u30fc\u30dd\u30ec\u30fc\u30b7\u30e7\u30f3","\u30ab\u30f3\u30d5\u30a1\u30ec\u30f3\u30b9\u30b3\u30fc\u30eb","\u30af\u30eb\u30fc\u30ba","\u6c7a\u7b97","\u7c73\u56fd\u682a","\u89b3\u5149"],"articleSection":["\u30ab\u30f3\u30d5\u30a1\u30ec\u30f3\u30b9\u30b3\u30fc\u30eb\u65e5\u672c\u8a9e\u8a33"],"inLanguage":"ja","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/1up-life.blog\/?p=1277#respond"]}]},{"@type":"WebPage","@id":"https:\/\/1up-life.blog\/?p=1277","url":"https:\/\/1up-life.blog\/?p=1277","name":"\u3010\u7ffb\u8a33\u3011\u30ab\u30fc\u30cb\u30d0\u30eb\u30fb\u30b3\u30fc\u30dd\u30ec\u30fc\u30b7\u30e7\u30f3 ( NYSE:CCL )2022\u5e74\u7b2c1\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a &#8211; \u682a\u5f0f\u6295\u8cc7\u30921up\u3059\u308b\u30d6\u30ed\u30b0","isPartOf":{"@id":"https:\/\/1up-life.blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/1up-life.blog\/?p=1277#primaryimage"},"image":{"@id":"https:\/\/1up-life.blog\/?p=1277#primaryimage"},"thumbnailUrl":"https:\/\/1up-life.blog\/wp-content\/uploads\/2021\/09\/CCL.jpg","datePublished":"2022-03-22T21:31:39+00:00","breadcrumb":{"@id":"https:\/\/1up-life.blog\/?p=1277#breadcrumb"},"inLanguage":"ja","potentialAction":[{"@type":"ReadAction","target":["https:\/\/1up-life.blog\/?p=1277"]}]},{"@type":"ImageObject","inLanguage":"ja","@id":"https:\/\/1up-life.blog\/?p=1277#primaryimage","url":"https:\/\/1up-life.blog\/wp-content\/uploads\/2021\/09\/CCL.jpg","contentUrl":"https:\/\/1up-life.blog\/wp-content\/uploads\/2021\/09\/CCL.jpg","width":960,"height":315},{"@type":"BreadcrumbList","@id":"https:\/\/1up-life.blog\/?p=1277#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"\u30db\u30fc\u30e0","item":"https:\/\/1up-life.blog\/"},{"@type":"ListItem","position":2,"name":"\u3010\u7ffb\u8a33\u3011\u30ab\u30fc\u30cb\u30d0\u30eb\u30fb\u30b3\u30fc\u30dd\u30ec\u30fc\u30b7\u30e7\u30f3 ( NYSE:CCL )2022\u5e74\u7b2c1\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a"}]},{"@type":"WebSite","@id":"https:\/\/1up-life.blog\/#website","url":"https:\/\/1up-life.blog\/","name":"\u7c73\u56fd\u682a\u30921up\u3059\u308b\u30d6\u30ed\u30b0","description":"\u4e3b\u306b\u7c73\u56fd\u682a\u306e\u6c7a\u7b97\u60c5\u5831\u3084\u6295\u8cc7\u306b\u3064\u3044\u3066\u7d39\u4ecb\u3057\u3066\u3044\u304d\u307e\u3059\u3002\u305f\u307e\u306b\u65e5\u672c\u682a\u3067\u3082\u8208\u5473\u304c\u3042\u308b\u3053\u3068\u3092\u66f8\u3044\u3066\u3044\u304d\u307e\u3059\u3002","publisher":{"@id":"https:\/\/1up-life.blog\/#\/schema\/person\/1706c8f6d05b86f64e59045d776dc7b9"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/1up-life.blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"ja"},{"@type":["Person","Organization"],"@id":"https:\/\/1up-life.blog\/#\/schema\/person\/1706c8f6d05b86f64e59045d776dc7b9","name":"\u3059\u3051\u307d\u3093","image":{"@type":"ImageObject","inLanguage":"ja","@id":"https:\/\/secure.gravatar.com\/avatar\/12c497be8a6e2d3e908d0bd22f4fec4ba47c4da19b8458040d8040e22dd0ef49?s=96&d=monsterid&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/12c497be8a6e2d3e908d0bd22f4fec4ba47c4da19b8458040d8040e22dd0ef49?s=96&d=monsterid&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/12c497be8a6e2d3e908d0bd22f4fec4ba47c4da19b8458040d8040e22dd0ef49?s=96&d=monsterid&r=g","caption":"\u3059\u3051\u307d\u3093"},"logo":{"@id":"https:\/\/secure.gravatar.com\/avatar\/12c497be8a6e2d3e908d0bd22f4fec4ba47c4da19b8458040d8040e22dd0ef49?s=96&d=monsterid&r=g"},"sameAs":["https:\/\/1up-life.blog"]}]}},"_links":{"self":[{"href":"https:\/\/1up-life.blog\/index.php?rest_route=\/wp\/v2\/posts\/1277","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/1up-life.blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/1up-life.blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/1up-life.blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/1up-life.blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1277"}],"version-history":[{"count":1,"href":"https:\/\/1up-life.blog\/index.php?rest_route=\/wp\/v2\/posts\/1277\/revisions"}],"predecessor-version":[{"id":1279,"href":"https:\/\/1up-life.blog\/index.php?rest_route=\/wp\/v2\/posts\/1277\/revisions\/1279"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/1up-life.blog\/index.php?rest_route=\/wp\/v2\/media\/335"}],"wp:attachment":[{"href":"https:\/\/1up-life.blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1277"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1up-life.blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1277"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1up-life.blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1277"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}