{"id":1280,"date":"2022-03-25T06:10:35","date_gmt":"2022-03-24T21:10:35","guid":{"rendered":"https:\/\/1up-life.blog\/?p=1280"},"modified":"2022-03-25T06:10:35","modified_gmt":"2022-03-24T21:10:35","slug":"%e3%80%90%e7%bf%bb%e8%a8%b3%e3%80%91kb%e3%83%9b%e3%83%bc%e3%83%a0-nysekbh-2021%e5%b9%b4%e7%ac%ac4%e5%9b%9b%e5%8d%8a%e6%9c%9f%e6%b1%ba%e7%ae%97%e8%aa%ac%e6%98%8e%e4%bc%9a","status":"publish","type":"post","link":"https:\/\/1up-life.blog\/?p=1280","title":{"rendered":"\u3010\u7ffb\u8a33\u3011KB\u30db\u30fc\u30e0 ( NYSE:KBH )2021\u5e74\u7b2c4\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a"},"content":{"rendered":"<p>\u7c73\u56fd\u306e\u5927\u624b\u4f4f\u5b85\u5efa\u7bc9\u4f1a\u793e\u3067\u3042\u308bKB\u30db\u30fc\u30e0 ( NYSE:KBH )2021\u5e74\u7b2c4\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a\u3067\u3059\u3002<\/p>\n<p>\u30a4\u30f3\u30d5\u30ec\u306b\u3088\u308b\u30b3\u30b9\u30c8\u5897\u306e\u5f71\u97ff\u304c\u51fa\u3066\u304d\u3066\u3044\u308b\u3088\u3046\u3067\u3059\u3002\u91d1\u5229\u304c\u4e0a\u304c\u3063\u3066\u3044\u304f\u3068\u4f4f\u5b85\u30ed\u30fc\u30f3\u91d1\u5229\u304c\u4e0a\u304c\u308a\u8cfc\u5165\u8005\u304c\u6e1b\u308b\u3068\u601d\u308f\u308c\u308b\u306e\u3067\u8edf\u8abf\u306a\u682a\u4fa1\u306b\u306a\u3063\u3066\u3044\u307e\u3059\u306d\u3002<\/p>\n<p>\u30b3\u30b9\u30c8\u5897\u3084\u91d1\u5229\u306e\u5f71\u97ff\u3067\u3053\u308c\u304b\u3089\u306f\u53b3\u3057\u3044\u304b\u3082\u3057\u308c\u307e\u305b\u3093\u3002<\/p>\n<div id=\"attachment_1281\" style=\"width: 1488px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1281\" class=\"wp-image-1281 size-full\" src=\"https:\/\/1up-life.blog\/wp-content\/uploads\/2022\/03\/KBH_2022-03-25_06-08-34.png\" alt=\"KB\u30db\u30fc\u30e0 ( NYSE:KBH )\u682a\u4fa1\" width=\"1478\" height=\"747\" srcset=\"https:\/\/1up-life.blog\/wp-content\/uploads\/2022\/03\/KBH_2022-03-25_06-08-34.png 1478w, https:\/\/1up-life.blog\/wp-content\/uploads\/2022\/03\/KBH_2022-03-25_06-08-34-300x152.png 300w, https:\/\/1up-life.blog\/wp-content\/uploads\/2022\/03\/KBH_2022-03-25_06-08-34-1024x518.png 1024w, https:\/\/1up-life.blog\/wp-content\/uploads\/2022\/03\/KBH_2022-03-25_06-08-34-768x388.png 768w, https:\/\/1up-life.blog\/wp-content\/uploads\/2022\/03\/KBH_2022-03-25_06-08-34-940x475.png 940w\" sizes=\"auto, (max-width: 1478px) 100vw, 1478px\" \/><p id=\"caption-attachment-1281\" class=\"wp-caption-text\">KB\u30db\u30fc\u30e0 ( NYSE:KBH )\u682a\u4fa1<\/p><\/div>\n<p class=\"hh hh3 main-bdr\"><span class=\"big\"><strong>KB\u30db\u30fc\u30e0 ( NYSE:KBH )2021\u5e74\u7b2c4\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a<\/strong><\/span><\/p>\n<p>2022\u5e741\u670812\u65e517\u664200\u5206<\/p>\n<p>Call participants:<br \/>\nJill Peters &#8212; Senior Vice President, Investor Relations<br \/>\nJeff Mezger &#8212; Chairman, President, and Chief Executive Officer<br \/>\nJeff Kaminski &#8212; Executive Vice President and Chief Financial Officer<br \/>\nTruman Patterson &#8212; Wolfe Research &#8212; Analyst<br \/>\nRob McGibney &#8212; Executive Vice President and Co-Chief Operating Officer<br \/>\nAlan Ratner &#8212; Zelman &amp; Associates &#8212; Analyst<br \/>\nStephen Kim &#8212; Evercore ISI &#8212; Analyst<br \/>\nMatthew Bouley &#8212; Barclays &#8212; Analyst<br \/>\nSusan Maklari &#8212; Goldman Sachs &#8212; Analyst<br \/>\nMichael Rehaut &#8212; J.P. Morgan &#8212; Analyst<br \/>\nMike Dahl &#8212; RBC Capital Markets &#8212; Analyst<br \/>\nMore KBH analysis<\/p>\n<p>\u904b\u55b6\u62c5\u5f53\u8005<\/p>\n<p>\u3053\u3093\u306b\u3061\u306f\u3002\u672c\u65e5\u3001\u30ab\u30f3\u30d5\u30a1\u30ec\u30f3\u30b9\u30aa\u30da\u30ec\u30fc\u30bf\u30fc\u3092\u52d9\u3081\u3055\u305b\u3066\u3044\u305f\u3060\u304d\u307e\u3059\u30a2\u30ec\u30c3\u30af\u30b9\u3068\u7533\u3057\u307e\u3059\u3002\u672c\u65e5\u306fKB\u30db\u30fc\u30e0\u306e2021\u5e74\u7b2c4\u56db\u534a\u671f\u6c7a\u7b97\u306e\u30ab\u30f3\u30d5\u30a1\u30ec\u30f3\u30b9\u30b3\u30fc\u30eb\u306b\u304a\u8d8a\u3057\u3044\u305f\u3060\u304d\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u73fe\u5728\u3001\u53c2\u52a0\u8005\u306e\u7686\u69d8\u306f\u30ea\u30b9\u30cb\u30f3\u30b0\u30aa\u30f3\u30ea\u30fc\u3068\u306a\u3063\u3066\u304a\u308a\u307e\u3059\u3002<\/p>\n<p>\u4f1a\u793e\u304b\u3089\u306e\u6328\u62f6\u306b\u7d9a\u3044\u3066\u3001\u8cea\u554f\u3092\u53d7\u3051\u4ed8\u3051\u307e\u3059\u3002\u672c\u65e5\u306e\u30ab\u30f3\u30d5\u30a1\u30ec\u30f3\u30b9\u30b3\u30fc\u30eb\u306f\u9332\u97f3\u3055\u308c\u3066\u304a\u308a\u30012\u670812\u65e5\u307e\u3067\u5f53\u793e\u30a6\u30a7\u30d6\u30b5\u30a4\u30c8\uff08kbhome.com\uff09\u3067\u518d\u751f\u3059\u308b\u3053\u3068\u304c\u53ef\u80fd\u3067\u3059\u3002\u305d\u308c\u3067\u306f\u3001IR\u62c5\u5f53\u4e0a\u7d1a\u526f\u793e\u9577\u306e\u30b8\u30eb\u30fb\u30d4\u30fc\u30bf\u30fc\u30b9\u306b\u96fb\u8a71\u3092\u304a\u7e4b\u304e\u3057\u307e\u3059\u3002\u30b8\u30eb\u3001\u59cb\u3081\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>\u30b8\u30eb\u30fb\u30d4\u30fc\u30bf\u30fc\u30b9 &#8212; \u6295\u8cc7\u5bb6\u5411\u3051\u5e83\u5831\u6d3b\u52d5\u62c5\u5f53\u4e0a\u7d1a\u526f\u793e\u9577<br \/>\n\u30a2\u30ec\u30c3\u30af\u30b9\u3001\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u7686\u3055\u3093\u3053\u3093\u306b\u3061\u306f\u3001\u672c\u65e5\u306f2021\u5e74\u5ea6\u7b2c4\u56db\u534a\u671f\u6c7a\u7b97\u306e\u30ec\u30d3\u30e5\u30fc\u306b\u304a\u96c6\u307e\u308a\u3044\u305f\u3060\u304d\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u901a\u8a71\u306b\u306f\u3001\u4f1a\u9577\u30fb\u793e\u9577\u30fb\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\u306e\u30b8\u30a7\u30d5\u30fb\u30e1\u30ba\u30ac\u30fc\u3001\u57f7\u884c\u526f\u793e\u9577\u30fb\u5171\u540c\u6700\u9ad8\u57f7\u884c\u8cac\u4efb\u8005\u306e\u30de\u30c3\u30c8\u30fb\u30de\u30f3\u30c7\u30a3\u30fc\u30ce\u3068\u30ed\u30d6\u30fb\u30de\u30af\u30ae\u30d6\u30cb\u30fc\u3001\u57f7\u884c\u526f\u793e\u9577\u30fb\u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005\u306e\u30b8\u30a7\u30d5\u30fb\u30ab\u30df\u30f3\u30b9\u30ad\u30fc\u3001\u4e0a\u7d1a\u526f\u793e\u9577\u30fb\u6700\u9ad8\u4f1a\u8a08\u8cac\u4efb\u8005\u306e\u30d3\u30eb\u30fb\u30db\u30ea\u30f3\u30ac\u30fc\u3001\u4e0a\u7d1a\u526f\u793e\u9577\u30fb\u4f1a\u8a08\u8cac\u4efb\u8005\u306e\u30b5\u30c9\u30fb\u30b8\u30e7\u30f3\u30bd\u30f3\u306e5\u540d\u304c\u53c2\u52a0\u3057\u3066\u3044\u307e\u3059\u3002\u3053\u306e\u96fb\u8a71\u4f1a\u8b70\u3067\u306f\u30011995\u5e74\u7c73\u56fd\u79c1\u52df\u8a3c\u5238\u8a34\u8a1f\u6539\u9769\u6cd5\u306e\u5b9a\u7fa9\u306b\u304a\u3051\u308b\u5c06\u6765\u898b\u901a\u3057\u306b\u95a2\u3059\u308b\u8a18\u8ff0\u306b\u8a72\u5f53\u3059\u308b\u4e8b\u9805\u304c\u8a71\u3057\u5408\u308f\u308c\u308b\u4e88\u5b9a\u3067\u3059\u3002<\/p>\n<p>\u3053\u308c\u3089\u306e\u8a18\u8ff0\u306f\u5c06\u6765\u306e\u696d\u7e3e\u3092\u4fdd\u8a3c\u3059\u308b\u3082\u306e\u3067\u306f\u306a\u304f\u3001\u5f53\u793e\u306f\u3053\u308c\u3089\u8a18\u8ff0\u3092\u66f4\u65b0\u3059\u308b\u7fa9\u52d9\u3092\u8ca0\u3046\u3082\u306e\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u672c\u65e5\u306e\u30d7\u30ec\u30b9\u30ea\u30ea\u30fc\u30b9\u304a\u3088\u3073\u7c73\u56fd\u8a3c\u5238\u53d6\u5f15\u59d4\u54e1\u4f1a\u3078\u306e\u63d0\u51fa\u66f8\u985e\u306b\u8a73\u8ff0\u3055\u308c\u3066\u3044\u308b\u3082\u306e\u3092\u542b\u3080\u69d8\u3005\u306a\u8981\u56e0\u306b\u3088\u308b\u3082\u306e\u3067\u3059\u3002\u5b9f\u969b\u306e\u7d50\u679c\u306f\u3001\u3053\u308c\u3089\u306e\u5c06\u6765\u4e88\u60f3\u306b\u95a2\u3059\u308b\u8a18\u8ff0\u306b\u660e\u793a\u7684\u307e\u305f\u306f\u9ed9\u793a\u7684\u306b\u793a\u3055\u308c\u305f\u3082\u306e\u3068\u5927\u304d\u304f\u7570\u306a\u308b\u5834\u5408\u304c\u3042\u308a\u307e\u3059\u3002\u307e\u305f\u3001\u672c\u65e5\u306e\u8aac\u660e\u3067\u8a00\u53ca\u3057\u305f\u975eGAAP\u6307\u6a19\u3068\u6700\u3082\u76f4\u63a5\u7684\u306b\u6bd4\u8f03\u3067\u304d\u308bGAAP\u6307\u6a19\u3068\u306e\u8abf\u6574\u8868\u306f\u3001\u672c\u65e5\u306e\u30d7\u30ec\u30b9\u30ea\u30ea\u30fc\u30b9\u304a\u3088\u3073\/\u307e\u305f\u306f\u5f53\u793e\u30a6\u30a7\u30d6\u30b5\u30a4\u30c8\uff08kbhome.com\uff09\u306e\u6295\u8cc7\u5bb6\u5411\u3051\u30da\u30fc\u30b8\u3067\u3054\u89a7\u3044\u305f\u3060\u3051\u307e\u3059\u3002<\/p>\n<p>\u30b8\u30a7\u30d5\u30fb\u30e1\u30ba\u30ac\u30fc 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STAR Partner of the Year\u8cde\u3001\u904e\u53bb\u6700\u591a\u306eENERGY STAR Market Leader\u8cde\u3067\u696d\u754c\u3092\u30ea\u30fc\u30c9\u3057\u3001\u30a6\u30a9\u30fc\u30bf\u30fc\u30bb\u30f3\u30b9Sustained Excellence\u8cde\u3092\u518d\u3073\u53d7\u8cde\u3057\u305f\u552f\u4e00\u306e\u4f4f\u5b85\u5efa\u8a2d\u696d\u8005\u3068\u306a\u308a\u307e\u3057\u305f\u3002\u5f53\u793e\u306e\u74b0\u5883\u30d7\u30ed\u30b0\u30e9\u30e0\u306f\u5f37\u56fa\u3067\u3042\u308a\u3001\u5f53\u793e\u306e\u4f4f\u5b85\u306f\u751f\u7523\u578b\u30d3\u30eb\u30c0\u30fc\u306e\u4e2d\u3067\u5168\u7c73\u5e73\u5747\u306eHERS\u30b9\u30b3\u30a2\u304c\u6700\u3082\u4f4e\u304f\u3001\u3053\u306e\u91cd\u8981\u306a\u6307\u6a19\u306b\u304a\u3044\u3066\u6bce\u5e74\u6539\u5584\u3055\u308c\u3066\u3044\u308b\u3068\u3044\u3046\u9577\u3044\u5b9f\u7e3e\u3092\u8a87\u3063\u3066\u304a\u308a\u3001\u3053\u308c\u306f2022\u5e74\u3082\u7d99\u7d9a\u3059\u308b\u3068\u4e88\u60f3\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u5f53\u793e\u306eESG\u30ea\u30fc\u30c0\u30fc\u30b7\u30c3\u30d7\u306f\u3001KB\u30db\u30fc\u30e0\u304c2\u5e74\u9023\u7d9a\u3067\u30cb\u30e5\u30fc\u30ba\u30a6\u30a3\u30fc\u30af\u8a8c\u306e\u300c\u30a2\u30e1\u30ea\u30ab\u3067\u6700\u3082\u8cac\u4efb\u3042\u308b\u4f01\u696d\u300d\u306e\u30ea\u30b9\u30c8\u306b\u9078\u3070\u308c\u305f\u552f\u4e00\u306e\u5168\u7c73\u30d3\u30eb\u30c0\u30fc\u3067\u3042\u308b\u3053\u3068\u304b\u3089\u3082\u8a8d\u3081\u3089\u308c\u3066\u3044\u307e\u3059\u3002\u6700\u5f8c\u306b\u3001\u7d20\u6674\u3089\u3057\u30441\u5e74\u3092\u904e\u3054\u3057\u305f\u5168\u793e\u54e1\u3092\u79f0\u3048\u3001\u611f\u8b1d\u306e\u610f\u3092\u8868\u3057\u305f\u3044\u3068\u601d\u3044\u307e\u3059\u3002\u79c1\u306e\u30db\u30fc\u30e0\u30d3\u30eb\u30c0\u30fc\u30ad\u30e3\u30ea\u30a2\u306e\u4e2d\u3067\u6700\u3082\u56f0\u96e3\u3067\u6d41\u52d5\u7684\u306a\u7d4c\u55b6\u72b6\u6cc1\u306e\u4e2d\u30012021\u5e74\u306b\u8ca9\u58f2\u53f0\u6570\u3092\u5927\u5e45\u306b\u4f38\u3070\u3057\u307e\u3057\u305f\u3002\u3053\u306e\u3088\u3046\u306a\u7d50\u679c\u306f\u3001\u79c1\u305f\u3061\u306e\u30c1\u30fc\u30e0\u5168\u54e1\u306e\u6c7a\u610f\u306e\u3053\u3082\u3063\u305f\u7d76\u3048\u9593\u306a\u3044\u52aa\u529b\u306b\u3088\u3063\u3066\u3082\u305f\u3089\u3055\u308c\u305f\u3082\u306e\u3067\u3059\u3002<\/p>\n<p>\u6700\u5f8c\u306b\u30012021\u5e74\u306fKB\u30db\u30fc\u30e0\u306b\u3068\u3063\u3066\u5b9f\u308a\u591a\u30441\u5e74\u3067\u3057\u305f\u3002\u5927\u5e45\u306a\u5897\u53ce\u5897\u76ca\u306b\u52a0\u3048\u30011\u682a\u5f53\u305f\u308a\u7d14\u8cc7\u7523\u3068\u81ea\u5df1\u8cc7\u672c\u5229\u76ca\u7387\u3082\u5927\u5e45\u306b\u5411\u4e0a\u3055\u305b\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3057\u305f\u3002\u3053\u3046\u3057\u305f\u6709\u610f\u7fa9\u306a\u696d\u7e3e\u3068\u3068\u3082\u306b\u3001\u5f53\u793e\u306f\u5927\u898f\u6a21\u306a\u751f\u7523\u578b\u4f4f\u5b85\u30e1\u30fc\u30ab\u30fc\u306e\u4e2d\u3067\u6700\u9ad8\u306e\u9867\u5ba2\u6e80\u8db3\u5ea6\u3092\u63d0\u4f9b\u3059\u308b\u3068\u3044\u3046\u30ea\u30fc\u30c0\u30fc\u30b7\u30c3\u30d7\u3092\u7dad\u6301\u3057\u3001\u30a8\u30cd\u30eb\u30ae\u30fc\u52b9\u7387\u306e\u9ad8\u3044\u3001\u3088\u308a\u5065\u5eb7\u7684\u306a\u4f4f\u5b85\u6a5f\u80fd\u306e\u5c0e\u5165\u3092\u901a\u3058\u3066\u30a4\u30ce\u30d9\u30fc\u30b7\u30e7\u30f3\u3092\u63a8\u9032\u3057\u7d9a\u3051\u307e\u3057\u305f\u3002\u3053\u308c\u3089\u306e\u7d50\u679c\u3001KB\u30db\u30fc\u30e0\u306f\u3001\u30c9\u30e9\u30c3\u30ab\u30fc\u7814\u7a76\u6240\u304c\u30a6\u30a9\u30fc\u30eb\u30b9\u30c8\u30ea\u30fc\u30c8\u30b8\u30e3\u30fc\u30ca\u30eb\u7d19\u3068\u5171\u540c\u3067\u4f5c\u6210\u3057\u305f\u300c\u7c73\u56fd\u3067\u6700\u3082\u52b9\u7387\u7684\u306b\u7d4c\u55b6\u3055\u308c\u3066\u3044\u308b\u4f01\u696d250\u793e\u300d\u306e\u30ea\u30b9\u30c8\u306b\u9078\u3070\u308c\u307e\u3057\u305f\u3002<\/p>\n<p>\u5275\u7acb65\u5468\u5e74\u3092\u8fce\u3048\u308b\u4eca\u5e74\u3082\u76ee\u899a\u307e\u3057\u3044\u6210\u9577\u3092\u9042\u3052\u3001\u6700\u7d42\u7684\u306b\u306f26\uff05\u4ee5\u4e0a\u306eROE\u3092\u9054\u6210\u3067\u304d\u308b\u3082\u306e\u3068\u671f\u5f85\u3057\u3066\u3044\u307e\u3059\u3002\u79c1\u305f\u3061\u306f\u30012022\u5e74\u306b\u5411\u3051\u3066\u3001\u79c1\u305f\u3061\u306e\u6b69\u307f\u3092\u7686\u3055\u307e\u3068\u5206\u304b\u3061\u5408\u3048\u308b\u3053\u3068\u3092\u697d\u3057\u307f\u306b\u3057\u3066\u3044\u307e\u3059\u3002\u305d\u308c\u3067\u306f\u3001\u8ca1\u52d9\u30ec\u30d3\u30e5\u30fc\u306e\u305f\u3081\u306b\u30b8\u30a7\u30d5\u306b\u96fb\u8a71\u3092\u304b\u3051\u307e\u3059\u3002\u30b8\u30a7\u30d5\uff1f<\/p>\n<p>\u30b8\u30a7\u30d5\u30fb\u30ab\u30df\u30f3\u30b9\u30ad\u30fc 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Bouley &#8212; \u30d0\u30fc\u30af\u30ec\u30a4\u30ba &#8212; 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Maklari &#8212; Goldman Sachs &#8212; 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\u30a8\u30b0\u30bc\u30af\u30c6\u30a3\u30d6\u30fb\u30d0\u30a4\u30b9\u30d7\u30ec\u30b8\u30c7\u30f3\u30c8\u517c\u6700\u9ad8\u57f7\u884c\u8cac\u4efb\u8005\uff08COO<\/p>\n<p>\u3048\u3048\u3001\u305d\u306e\u901a\u308a\u3060\u3068\u601d\u3044\u307e\u3059\u3002\u3064\u307e\u308a\u3001\u30b5\u30d7\u30e9\u30a4\u30c1\u30a7\u30fc\u30f3\u306e\u554f\u984c\u304b\u3089\u3001\u4eca\u306f\u307b\u3068\u3093\u3069\u5fc5\u8981\u306a\u3053\u3068\u3067\u3042\u308a\u3001\u79c1\u305f\u3061\u306f\u30b5\u30d7\u30e9\u30a4\u30c1\u30a7\u30fc\u30f3\u3067\u6700\u3082\u5165\u624b\u3057\u3084\u3059\u3044SKU\u3092\u7dad\u6301\u3059\u308b\u3053\u3068\u306b\u6ce8\u529b\u3057\u3066\u3044\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u30b5\u30d7\u30e9\u30a4\u30c1\u30a7\u30fc\u30f3\u3068\u30b5\u30a4\u30af\u30eb\u30bf\u30a4\u30e0\u306e\u554f\u984c\u304c\u89e3\u6c7a\u3055\u308c\u308c\u3070\u3001\u3088\u308a\u52b9\u7387\u7684\u306a\u30aa\u30da\u30ec\u30fc\u30b7\u30e7\u30f3\u304c\u53ef\u80fd\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n<p>\u3064\u307e\u308a\u3001\u304a\u5ba2\u69d8\u304c\u6c42\u3081\u308b\u3082\u306e\u3001\u30d1\u30fc\u30bd\u30ca\u30e9\u30a4\u30bc\u30fc\u30b7\u30e7\u30f3\u3001\u305d\u3057\u3066\u79c1\u305f\u3061\u306e\u30d3\u30b8\u30cd\u30b9\u306b\u3068\u3063\u3066\u52b9\u7387\u7684\u306a\u3082\u306e\u3001\u3053\u306e3\u3064\u306e\u30d0\u30e9\u30f3\u30b9\u3092\u3046\u307e\u304f\u53d6\u308b\u3053\u3068\u304c\u91cd\u8981\u306a\u306e\u3067\u3059\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002\u6b21\u306e\u8cea\u554f\u306fJP\u30e2\u30eb\u30ac\u30f3\u306e\u30de\u30a4\u30b1\u30eb\u30fb\u30ea\u30cf\u30a6\u30c8\u304b\u3089\u3067\u3059\u3002\u7d9a\u3051\u3066\u3054\u8cea\u554f\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>Michael Rehaut &#8212; J.P.\u30e2\u30eb\u30ac\u30f3 &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u7686\u3055\u3093\u3001\u3053\u3093\u306b\u3061\u306f\u3002\u6c7a\u7b97\u304a\u3081\u3067\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u6700\u521d\u306e\u8cea\u554f\u3067\u3059\u304c\u3001\u58f2\u4e0a\u7dcf\u5229\u76ca\u7387\u306e\u63a8\u79fb\u306b\u5c11\u3057\u623b\u308a\u305f\u3044\u3068\u601d\u3044\u307e\u3059\u3002\u3053\u306e\u6570\u5e74\u9593\u306b\u3042\u306a\u305f\u65b9\u304c\u884c\u3063\u305f\u591a\u304f\u306e\u30cf\u30fc\u30c9\u30ef\u30fc\u30af\u3068\u306f\u5225\u306b\u3001\u30bf\u30a4\u30df\u30f3\u30b0\u306e\u89b3\u70b9\u304b\u3089\u4f1a\u793e\u3092\u518d\u30dd\u30b8\u30b7\u30e7\u30cb\u30f3\u30b0\u3057\u3001\u7b2c1\u56db\u534a\u671f\uff08\u5931\u793c\u3001\u7b2c2\u56db\u534a\u671f\uff09\u304b\u3089\u58f2\u4e0a\u7dcf\u5229\u76ca\u7387\u306e\u62e1\u5927\u3092\u76ee\u6307\u3059\u3053\u3068\u306f\u3001\u975e\u5e38\u306b\u7406\u306b\u304b\u306a\u3063\u3066\u3044\u308b\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>\u3053\u308c\u306f\u3001\u5c11\u306a\u304f\u3068\u3082\u6728\u6750\u4fa1\u683c\u306e\u4e0b\u843d\u304c\u898b\u8fbc\u307e\u308c\u308b\u6642\u671f\u3068\u4e00\u81f4\u3055\u305b\u308b\u3053\u3068\u304c\u91cd\u8981\u3060\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u300222\u5e74\u7b2c2\u56db\u534a\u671f\u3068\u7b2c3\u56db\u534a\u671f\u306b\u3064\u3044\u3066\u3001\u7c97\u5229\u7387\u306b\u5f71\u97ff\u3092\u4e0e\u3048\u308b\u7279\u5b9a\u306e\u8981\u56e0\u3092\u5207\u308a\u5206\u3051\u308b\u3053\u3068\u306f\u53ef\u80fd\u3067\u3057\u3087\u3046\u304b\uff1f\u307e\u305f\u3001\u30b8\u30a7\u30d5\u30fbK.\u3055\u3093\u304b\u3089\u3001\u91d1\u5229\u511f\u5374\u8cbb\u306e\u6e1b\u5c11\u306e\u304a\u8a71\u304c\u3042\u308a\u307e\u3057\u305f\u304c\u3001\u30d9\u30fc\u30b7\u30b9\u30fb\u30dd\u30a4\u30f3\u30c8\u3067\u898b\u305f\u5834\u5408\u300122\u5e74\u306b\u306f\u3069\u306e\u3088\u3046\u306a\u5dee\u7570\u304c\u751f\u3058\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u306e\u3067\u3057\u3087\u3046\u304b\uff1f<\/p>\n<p>\u30b8\u30a7\u30d5\u30fb\u30ab\u30df\u30f3\u30b9\u30ad\u30fc &#8212; \u30a8\u30b0\u30bc\u30af\u30c6\u30a3\u30d6\u30fb\u30d0\u30a4\u30b9\u30d7\u30ec\u30b8\u30c7\u30f3\u30c8\u517c\u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u3082\u3061\u308d\u3093\u3001\u30de\u30a4\u30af\u3002\u305d\u306e\u3042\u305f\u308a\u306f\u3001\u79c1\u304c\u304a\u624b\u4f1d\u3044\u3057\u307e\u3059\u3002\u91d1\u5229\u306e\u511f\u5374\u8cbb\u306b\u3064\u3044\u3066\u306f\u3001\u901a\u671f\u306750\u30d9\u30fc\u30b7\u30b9\u30dd\u30a4\u30f3\u30c8\u7a0b\u5ea6\u306e\u30de\u30fc\u30b8\u30f3\u6539\u5584\u304c\u898b\u8fbc\u307e\u308c\u308b\u3068\u601d\u3044\u307e\u3059\u3002\u7b2c2\u56db\u534a\u671f\u306e\u53d7\u6ce8\u6b8b\u306f\u3001\u30df\u30c3\u30af\u30b9\u3084\u7b2c1\u56db\u534a\u671f\u306e\u7d0d\u54c1\u7269\u306b\u3088\u3063\u3066\u5e38\u306b\u5909\u52d5\u3057\u307e\u3059\u304c\u3001\u4eca\u73fe\u5728\u3001\u30de\u30fc\u30b8\u30f3\u306f\u304b\u306a\u308a\u5411\u4e0a\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u307e\u305f\u3001\u30b5\u30d7\u30e9\u30a4\u30c1\u30a7\u30fc\u30f3\u3084\u5efa\u8a2d\u30b5\u30a4\u30af\u30eb\u30bf\u30a4\u30e0\u306a\u3069\u3001\u3042\u3089\u3086\u308b\u8981\u7d20\u306b\u3088\u3063\u3066\u5909\u5316\u3057\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u7b2c2\u56db\u534a\u671f\u304b\u3089\u306f\u3001\u3053\u306e\u7d20\u6674\u3089\u3057\u3044\u30b9\u30c6\u30c3\u30d7\u30a2\u30c3\u30d7\u3092\u898b\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u306f\u305a\u3067\u3059\u3002\u7b2c2\u56db\u534a\u671f\u3001\u7b2c3\u56db\u534a\u671f\u306b\u58f2\u4e0a\u304c\u8a08\u4e0a\u3055\u308c\u3001\u4f4f\u5b85\u5efa\u8a2d\u304c\u958b\u59cb\u3055\u308c\u308b\u3068\u3001\u6728\u6750\u306f\u6bd4\u8f03\u7684\u4f4e\u3044\u6c34\u6e96\u306b\u3042\u308a\u307e\u3057\u305f\u304c\u3001\u73fe\u5728\u306f\u518d\u3073\u4e0a\u6607\u306b\u8ee2\u3058\u3066\u3044\u307e\u3059\u3002\u305d\u306e\u305f\u3081\u3001\u7b2c4\u56db\u534a\u671f\u306e\u6728\u6750\u306e\u52d5\u304d\u306f\u3001\u5e74\u521d\u306b\u6bd4\u3079\u308b\u3068\u30ea\u30b9\u30af\u304c\u5927\u304d\u3044\u3068\u8a00\u3048\u307e\u3059\u304c\u3001\u5e74\u3092\u8ffd\u3046\u3054\u3068\u306b\u9806\u6b21\u6539\u5584\u3057\u3066\u3044\u304f\u3082\u306e\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u305d\u3057\u3066\u975e\u5e38\u306b\u91cd\u8981\u306a\u306e\u306f\u3001\u65b0\u3057\u3044\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u3067\u3001\u6bce\u5e74\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306e\u534a\u5206\u304c\u591a\u304b\u308c\u5c11\u306a\u304b\u308c\u65b0\u3057\u304f\u306a\u3063\u3066\u3044\u307e\u3059\u3002\u4eca\u5e74\u306e\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u3068\u65b0\u3057\u3044\u30b3\u30df\u30e5\u30cb\u30c6\u30a3\u306e\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u304c\u826f\u3051\u308c\u3070\u30012023\u5e74\u306e\u5229\u76ca\u7387\u306e\u9ad8\u3055\u3092\u793a\u3059\u6307\u6a19\u306b\u306a\u308b\u3068\u601d\u3044\u307e\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u73fe\u6642\u70b9\u3067\u306f\u307e\u3060\u305d\u3053\u307e\u3067\u306e\u898b\u901a\u3057\u3092\u7acb\u3066\u3066\u3044\u308b\u308f\u3051\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u4eca\u3068\u5e74\u672b\u306e\u9593\u306b\u306f\u3001\u691c\u8a0e\u3059\u3079\u304d\u3053\u3068\u304c\u305f\u304f\u3055\u3093\u3042\u308a\u307e\u3059\u3002<\/p>\n<p>\u3057\u304b\u3057\u3001\u5e74\u3092\u8ffd\u3046\u3054\u3068\u306b\u9806\u6b21\u6539\u5584\u3055\u308c\u3066\u3044\u304f\u306e\u306f\u672c\u5f53\u306b\u559c\u3070\u3057\u3044\u3053\u3068\u3067\u3059\u3002\u3068\u3044\u3046\u3053\u3068\u3067\u3001\u4eca\u306e\u3068\u3053\u308d\u3001\u3053\u306e\u3088\u3046\u306a\u72b6\u6cc1\u3067\u3059\u3002<\/p>\n<p>Michael Rehaut &#8212; J.P.\u30e2\u30eb\u30ac\u30f3 &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3002\u305d\u3046\u3067\u3059\u306d\u3002\u3067\u306f\u3001\u30b8\u30a7\u30d5\u3001\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002\u306f\u3063\u304d\u308a\u3055\u305b\u3066\u304a\u304d\u305f\u3044\u306e\u3067\u3059\u304c\u3001\u3042\u306a\u305f\u304c\u8a00\u3044\u305f\u3044\u3053\u3068\u3001\u305d\u3057\u3066\u6570\u5b66\u7684\u306a\u89b3\u70b9\u304b\u3089\u3059\u308c\u3070\u3001\u660e\u3089\u304b\u306b4\u56db\u534a\u671f\u306e\u7c97\u5229\u76ca\u7387\u304c\u901a\u671f\u5e73\u5747\u3088\u308a\u3082\u9ad8\u304f\u306a\u308b\u3068\u3044\u3046\u306e\u306f\u7406\u306b\u304b\u306a\u3063\u3066\u3044\u307e\u3059\u306d\u3002<\/p>\n<p>2\u3064\u76ee\u306e\u8cea\u554f\u3067\u3059\u304c\u3001\u9593\u9055\u3063\u3066\u3044\u305f\u3089\u8a02\u6b63\u3057\u307e\u3059\u3002\u58f2\u4e0a\u30da\u30fc\u30b9\u306b\u8a71\u3092\u623b\u3057\u307e\u3059\u304c\u300121\u5e74\u901a\u671f\u3067\u7d046%\u3042\u308b\u3044\u306f6.5%\u3068\u3044\u3046\u306e\u306f\u975e\u5e38\u306b\u7d20\u6674\u3089\u3057\u3044\u6570\u5b57\u3067\u3059\u3002\u5148\u307b\u3069Jeff Mezger\u304c\u3001\u73fe\u5728\u306e\u9700\u8981\u80cc\u666f\u3092\u8003\u616e\u3059\u308b\u3068\u3001\u3053\u306e\u30da\u30fc\u30b9\u306f\u6765\u5e74\u3082\u4e8b\u5b9f\u4e0a\u6301\u7d9a\u53ef\u80fd\u3060\u3068\u601d\u3046\u3068\u304a\u3063\u3057\u3083\u3063\u3066\u3044\u307e\u3057\u305f\u306d\u3002\u76f4\u8fd1\u306e\u56db\u534a\u671f\u3067\u3001\u751f\u7523\u80fd\u529b\u3084\u30b3\u30b9\u30c8\u3068\u306e\u30de\u30c3\u30c1\u30f3\u30b0\u3092\u9ad8\u3081\u308b\u305f\u3081\u306b\u8ca9\u58f2\u3092\u5236\u9650\u3057\u3066\u3044\u308b\u5730\u57df\u306f\u3001\u5168\u4f53\u306e\u3069\u306e\u7a0b\u5ea6\u306b\u306a\u308b\u306e\u3067\u3057\u3087\u3046\u304b\uff1f\u3068\u3044\u3046\u306e\u3082\u300121\u5e74\u306b\u884c\u3063\u305f\u3088\u3046\u306a\u8ca9\u58f2\u898f\u5236\u304c\u3042\u308c\u3070\u3001\u3082\u3063\u3068\u3044\u3044\u30ec\u30fc\u30c8\u3067\u8ca9\u58f2\u3067\u304d\u305f\u306f\u305a\u3060\u3068\u3044\u3046\u78ba\u4fe1\u306b\u3064\u306a\u304c\u308a\u3001\u4eca\u5f8c1\u5e74\u9593\u306f6\uff5e6.5\uff05\u304c\u9069\u6b63\u306a\u6570\u5b57\u306a\u306e\u3067\u306f\u306a\u3044\u304b\u3068\u3044\u3046\u898b\u65b9\u306b\u3082\u3064\u306a\u304c\u308a\u307e\u3059\u3088\u306d\u3002<\/p>\n<p>\u30b8\u30a7\u30d5\u30fb\u30e1\u30c3\u30c4\u30ac\u30fc &#8212; 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Dahl\u3055\u3093\u304b\u3089\u3067\u3059\u3002\u8cea\u554f\u3092\u7d9a\u3051\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>Mike Dahl &#8212; RBC Capital Markets &#8212; 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&#8212; 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Dahl &#8212; RBC Capital Markets &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u305d\u306e\u4e2d\u3067\u3001\u7d14\u30a4\u30f3\u30d5\u30ec\u306e\u60f3\u5b9a\u306f\u3069\u306e\u3088\u3046\u306a\u3082\u306e\u3067\u3059\u304b\uff1f<\/p>\n<p>\u30b8\u30a7\u30d5\u30fb\u30ab\u30df\u30f3\u30b9\u30ad\u30fc &#8212; 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Dahl &#8212; RBC Capital Markets &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3002\u305d\u308c\u306a\u3089\u7d0d\u5f97\u3067\u3059\u3002\u3042\u308a\u304c\u3068\u3046\u3001\u30b8\u30a7\u30d5\u3002\u7d9a\u3044\u3066\u306e\u8cea\u554f\u3067\u3059\u304c\u3001\u30a2\u30d5\u30a9\u30fc\u30c0\u30d3\u30ea\u30c6\u30a3\u306e\u89b3\u70b9\u304b\u3089\u898b\u3066\u3001\u30b9\u30c8\u30ec\u30b9\u306e\u5146\u5019\u3092\u793a\u3055\u306a\u3044\u3082\u306e\u306b\u95a2\u3057\u3066\u3001\u53c2\u8003\u306b\u306a\u308b\u30b3\u30e1\u30f3\u30c8\u304c\u3042\u308a\u307e\u3057\u305f\u306d\u3002<\/p>\n<p>\u30b8\u30a7\u30d5\u3001\u3042\u306a\u305f\u306e\u5192\u982d\u306e\u30b3\u30e1\u30f3\u30c8\u3067\u3082\u3001\u30a2\u30d5\u30a9\u30fc\u30c0\u30d3\u30ea\u30c6\u30a3\u306b\u3064\u3044\u3066\u306f\u307e\u3060\u6ce8\u610f\u6df1\u304f\u3042\u308a\u305f\u3044\u3068\u8a00\u3063\u3066\u3044\u305f\u3068\u601d\u3044\u307e\u3059\u3002\u305d\u3053\u3067\u8cea\u554f\u306a\u306e\u3067\u3059\u304c\u3001\u3042\u306a\u305f\u306f\u73fe\u5728\u660e\u3089\u304b\u306b\u4fa1\u683c\u6c7a\u5b9a\u529b\u3092\u6301\u3063\u3066\u3044\u307e\u3059\u304c\u3001\u6625\u304b\u3089\u5e74\u3092\u901a\u3057\u3066\u3069\u306e\u3088\u3046\u306b\u4fa1\u683c\u6c7a\u5b9a\u306b\u53d6\u308a\u7d44\u307f\u3001\u305d\u308c\u3092\u898b\u5b88\u3063\u3066\u3044\u304f\u306e\u3067\u3057\u3087\u3046\u304b\uff1f\u307e\u305f\u3001\u6700\u7d42\u7684\u306a\u91d1\u5229\u306e\u52d5\u5411\u306b\u3088\u3063\u3066\u3001\u3069\u306e\u7a0b\u5ea6\u5de6\u53f3\u3055\u308c\u308b\u306e\u3067\u3057\u3087\u3046\u304b\u3002<\/p>\n<p>\u30b8\u30a7\u30d5\u30fb\u30e1\u30ba\u30ac\u30fc &#8212; \u4f1a\u9577\u3001\u793e\u9577\u3001\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u3069\u306e\u30b3\u30df\u30e5\u30cb\u30c6\u30a3\u3067\u3082\u3001\u3044\u3064\u3082\u305d\u3046\u3057\u3066\u3044\u308b\u3088\u3046\u306b\u3001\u30de\u30a4\u30af\u3001\u79c1\u305f\u3061\u306f\u3053\u306e\u30b3\u30df\u30e5\u30cb\u30c6\u30a3\u3067\u3001\u3053\u306e\u30de\u30fc\u30b8\u30f3\u3067\u3001\u6b8b\u308a\u306e\u533a\u753b\u6570\u3068\u305d\u306e\u5f8c\u308d\u306b\u6765\u308b\u533a\u753b\u6570\u304b\u3089\u6700\u9ad8\u306e\u30ea\u30bf\u30fc\u30f3\u3092\u5f97\u308b\u305f\u3081\u306b\u3001\u9069\u5207\u306a\u30e9\u30f3\u30ec\u30fc\u30c8\u306f\u4f55\u304b\u3068\u3044\u3046\u3053\u3068\u3092\u8003\u3048\u629c\u304d\u307e\u3059\u3002\u6587\u5b57\u901a\u308a\u3001\u6bce\u9031\u3001\u3053\u306e\u30d7\u30ed\u30bb\u30b9\u3092\u7e70\u308a\u8fd4\u3057\u3066\u3044\u307e\u3059\u3002\u4eca\u65e5\u306e\u74b0\u5883\u3067\u306f\u3001\u30da\u30fc\u30b9\u3092\u4e0a\u3052\u306a\u304c\u3089\u30de\u30fc\u30b8\u30f3\u3082\u4e0a\u3052\u308b\u3068\u3044\u3046\u3001\u3044\u3044\u7d44\u307f\u5408\u308f\u305b\u306b\u306a\u3063\u3066\u3044\u307e\u3059\u3002\u3082\u3057\u30ec\u30fc\u30c8\u304c\u4e0a\u304c\u308c\u3070\u3001\u305d\u308c\u304c\u4f55\u3092\u610f\u5473\u3059\u308b\u306e\u304b\u3001\u3082\u3057\u4f55\u304b\u3042\u308c\u3070\u3001\u3053\u306e\u304a\u5ba2\u3055\u307e\u306b\u5bfe\u3057\u3066\u30ea\u30a2\u30eb\u30bf\u30a4\u30e0\u3067\u30d5\u30a3\u30fc\u30c9\u30d0\u30c3\u30af\u304c\u5f97\u3089\u308c\u307e\u3059\u3002<\/p>\n<p>\u307e\u305f\u3001\u79c1\u304c\u8a00\u3044\u305f\u304b\u3063\u305f\u306e\u306f\u3001\u3053\u306e\u30d0\u30a4\u30e4\u30fc\u306e\u30d7\u30ed\u30d5\u30a3\u30fc\u30eb\u306b\u3064\u3044\u3066\u3067\u3059\u3002\u3057\u304b\u3057\u3001\u5f53\u793e\u306e\u30d0\u30a4\u30e4\u30fc\u304c\u5bb6\u306b\u3064\u304e\u8fbc\u3093\u3067\u3044\u308b\u8cc7\u7523\u306e\u91cf\u3001\u9ad8\u3044\u4fe1\u7528\u5ea6\u306eFICO\u30b9\u30b3\u30a2\u3001\u305d\u3057\u3066\u5bb6\u3092\u6301\u3061\u305f\u3044\u3068\u3044\u3046\u9858\u671b\u3092\u8003\u3048\u308b\u3068\u3001\u305d\u308c\u306f\u7d76\u5bfe\u306b\u5f53\u3066\u306f\u307e\u3089\u306a\u3044\u306e\u3067\u3059\u3002\u3053\u308c\u306f&#8230;&#8230;\u4eca\u65e5\u306e\u30b9\u30c8\u30ec\u30b9\u30d0\u30a4\u30e4\u30fc\u306b\u306f\u5230\u5e95\u53ca\u3070\u306a\u3044\u3082\u306e\u3067\u3059\u3002\u5f7c\u3089\u306f\u79c1\u305f\u3061\u3068\u4e00\u7dd2\u306b\u3053\u306e\u4e8b\u614b\u3092\u4e57\u308a\u5207\u308b\u305f\u3081\u306b\u591a\u304f\u306e\u67d4\u8edf\u6027\u3092\u6301\u3063\u3066\u3044\u307e\u3059\u3057\u3001\u79c1\u305f\u3061\u306f\u305d\u306e\u9053\u7b4b\u3092\u793a\u3059\u3053\u3068\u304c\u3067\u304d\u308b\u3067\u3057\u3087\u3046\u3002<\/p>\n<p>\u4f55\u5ea6\u304b\u7533\u3057\u4e0a\u3052\u3066\u3044\u308b\u3088\u3046\u306b\u3001\u6625\u306e\u8ca9\u58f2\u30b7\u30fc\u30ba\u30f3\u306f\u672c\u5f53\u306b\u597d\u8abf\u306b\u63a8\u79fb\u3059\u308b\u3068\u601d\u308f\u308c\u307e\u3059\u3002\u9700\u8981\u306f\u975e\u5e38\u306b\u65fa\u76db\u3067\u3059\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>\u7c73\u56fd\u306e\u5927\u624b\u4f4f\u5b85\u5efa\u7bc9\u4f1a\u793e\u3067\u3042\u308bKB\u30db\u30fc\u30e0 ( NYSE:KBH )2021\u5e74\u7b2c4\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a\u3067\u3059\u3002 \u30a4\u30f3\u30d5\u30ec\u306b\u3088\u308b\u30b3\u30b9\u30c8\u5897\u306e\u5f71\u97ff\u304c\u51fa\u3066\u304d\u3066\u3044\u308b\u3088\u3046\u3067\u3059\u3002\u91d1\u5229\u304c\u4e0a\u304c\u3063\u3066\u3044\u304f\u3068\u4f4f\u5b85\u30ed\u30fc\u30f3\u91d1\u5229\u304c\u4e0a\u304c\u308a\u8cfc\u5165\u8005\u304c\u6e1b\u308b\u3068\u601d\u308f\u308c\u308b\u306e &#8230; 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