{"id":1295,"date":"2022-03-30T22:02:21","date_gmt":"2022-03-30T13:02:21","guid":{"rendered":"https:\/\/1up-life.blog\/?p=1295"},"modified":"2022-03-30T22:06:31","modified_gmt":"2022-03-30T13:06:31","slug":"%e3%80%90%e7%bf%bb%e8%a8%b3%e3%80%91%e3%83%81%e3%83%a5%e3%83%bc%e3%82%a4%e3%83%bc-nyse-chwy-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","status":"publish","type":"post","link":"https:\/\/1up-life.blog\/?p=1295","title":{"rendered":"\u3010\u7ffb\u8a33\u3011\u30c1\u30e5\u30fc\u30a4\u30fc ( NYSE\u00a0:CHWY\u00a0)2021\u5e74\u7b2c4\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a"},"content":{"rendered":"

\u30c1\u30e5\u30fc\u30a4\u30fc ( NYSE :CHWY )2021\u5e74\u7b2c4\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a\u306e\u65e5\u672c\u8a9e\u8a33\u3067\u3059\u3002<\/p>\n

\u58f2\u308a\u4e0a\u3052\u30fbEPS\u30fb\u30ac\u30a4\u30c0\u30f3\u30b9\u3059\u3079\u3066\u60aa\u304f\u682a\u4fa1\u3082\u66b4\u843d\u3057\u3066\u307e\u3059\u306d\u3002\u30da\u30c3\u30c8\u95a2\u9023\u3067\u6ce8\u76ee\u306f\u3057\u3066\u3044\u307e\u3057\u305f\u304c\u3053\u308c\u3067\u306f\u53b3\u3057\u3044\u3067\u3059\u3002<\/p>\n

\u826f\u3044\u3068\u3053\u308d\u304c\u4f55\u3082\u7121\u304b\u3063\u305f\u306e\u3067\u3057\u3070\u3089\u304f\u306f\u58f2\u3089\u308c\u7d9a\u3051\u305d\u3046\u3067\u3059\u306d\u3002\u30da\u30c3\u30c8\u901a\u8ca9\u30b5\u30a4\u30c8\u3044\u3044\u3068\u601d\u3063\u3066\u3044\u307e\u3057\u305f\u3051\u3069\u7d50\u69cb\u53b3\u3057\u3044\u3067\u3059\u306d\u3001\u3088\u304f\u77e5\u3089\u306a\u304b\u3063\u305f\u306e\u3067\u53cd\u7701\u3067\u3059\u3002<\/p>\n

\"\u30c1\u30e5\u30fc\u30a4\u30fc

\u30c1\u30e5\u30fc\u30a4\u30fc ( NYSE :CHWY )\u682a\u4fa1<\/p><\/div>\n

\u30c1\u30e5\u30fc\u30a4\u30fc ( NYSE :CHWY  )2021\u5e74\u7b2c4\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a<\/strong><\/span><\/p>\n

2022\u5e743\u670829\u65e517\u664200\u5206<\/p>\n

Call participants:
\nRobert LaFleur — Vice President, Investor Relations
\nSumit Singh — Chief Executive Officer
\nMario Marte — Chief Financial Officer
\nDoug Anmuth — J.P. Morgan — Analyst
\nBrian Fitzgerald — Well Fargo Securities — Analyst
\nStephanie Wissink — Jefferies — Analyst
\nMark Mahaney — Evercore ISI — Analyst
\nDeepak Mathivanan — Wolfe Research — Analyst
\nLauren Schenk — Morgan Stanley — Analyst
\nMatt Norton — Guggenheim Securities — Analyst
\nMore CHWY analysis<\/p>\n

\u904b\u55b6\u62c5\u5f53\u8005<\/p>\n

\u3053\u3093\u306b\u3061\u306f\u3002\u672c\u65e5\u306f\u3001Chewy\u306e2021\u5e74\u5ea6\u7b2c4\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a\u306b\u3054\u53c2\u52a0\u3044\u305f\u3060\u304d\u3001\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u672c\u65e5\u306e\u901a\u8a71\u3067\u53f8\u4f1a\u3092\u52d9\u3081\u3055\u305b\u3066\u3044\u305f\u3060\u304d\u307e\u3059\u30d9\u30b5\u30cb\u30fc\u3068\u7533\u3057\u307e\u3059\u3002[\u53f8\u4f1a\u306e\u30ed\u30d0\u30fc\u30c8\u30fb\u30e9\u30d5\u30eb\u30fc\u30eb\uff08Chewy\u793eIR\u62c5\u5f53\u526f\u793e\u9577\uff09\u306b\u304a\u9858\u3044\u3057\u307e\u3059\u3002<\/p>\n

\u3069\u3046\u305e\u3088\u308d\u3057\u304f\u304a\u9858\u3044\u3057\u307e\u3059\u3002<\/p>\n

\u30ed\u30d0\u30fc\u30c8\u30fb\u30e9\u30d5\u30eb\u30fc\u30eb — \u6295\u8cc7\u5bb6\u5411\u3051\u5e83\u5831\u6d3b\u52d5\u62c5\u5f53\u526f\u793e\u9577
\n\u672c\u65e5\u306f\u30012021\u5e74\u5ea6\u7b2c4\u56db\u534a\u671f\u304a\u3088\u3073\u901a\u671f\u306e\u696d\u7e3e\u306b\u3064\u3044\u3066\u3001\u304a\u96fb\u8a71\u306b\u3054\u53c2\u52a0\u3044\u305f\u3060\u304d\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u672c\u65e5\u306f\u3001\u30c1\u30e5\u30fc\u30a4\u30fc\u306eCEO\u3067\u3042\u308b\u30b9\u30df\u30c3\u30c8\u30fb\u30b7\u30f3\u3001CFO\u306e\u30de\u30ea\u30aa\u30fb\u30de\u30eb\u30c6\u304c\u53c2\u52a0\u3057\u3066\u3044\u307e\u3059\u3002\u672c\u65e5\u672a\u660e\u306bSEC\u306bForm 8-K\u3067\u63d0\u51fa\u3057\u305f\u5f53\u793e\u306e\u696d\u7e3e\u767a\u8868\u3068\u682a\u4e3b\u3078\u306e\u624b\u7d19\u306f\u3001\u5f53\u793e\u30a6\u30a7\u30d6\u30b5\u30a4\u30c8investor.chewy.com\u306eIR\u30bb\u30af\u30b7\u30e7\u30f3\u306b\u63b2\u8f09\u3055\u308c\u3066\u3044\u307e\u3059\u3002\u307e\u305f\u3001\u672c\u65e5\u306e\u30b3\u30f3\u30d5\u30a1\u30ec\u30f3\u30b9\u30fb\u30b3\u30fc\u30eb\u306e\u30a6\u30a7\u30d6\u30ad\u30e3\u30b9\u30c8\u3078\u306e\u30ea\u30f3\u30af\u3082\u5f53\u30b5\u30a4\u30c8\u306b\u63b2\u8f09\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n

\u672c\u65e5\u306e\u96fb\u8a71\u4f1a\u8b70\u3067\u306f\u3001\u30c1\u30e5\u30fc\u30a4\u793e\u306e\u5c06\u6765\u306e\u898b\u901a\u3057\u3001\u8ca1\u52d9\u7d50\u679c\u3001\u4e8b\u696d\u6226\u7565\u3001\u696d\u754c\u52d5\u5411\u3001\u304a\u3088\u3073COVID-19\u306e\u62e1\u6563\u306b\u95a2\u9023\u3059\u308b\u4e8b\u696d\u30ea\u30b9\u30af\uff08\u5f53\u793e\u306e\u30b5\u30d7\u30e9\u30a4\u30c1\u30a7\u30fc\u30f3\u3001\u52b4\u50cd\u529b\u3001\u30d5\u30eb\u30d5\u30a3\u30eb\u30e1\u30f3\u30c8\u30bb\u30f3\u30bf\u30fc\u3001\u305d\u306e\u4ed6\u306e\u65bd\u8a2d\u3001\u9867\u5ba2\u30b5\u30fc\u30d3\u30b9\u696d\u52d9\u3001\u4e8b\u696d\u62e1\u5927\u8a08\u753b\u3078\u306e\u60aa\u5f71\u97ff\u3092\u542b\u3080\uff09\u306b\u3046\u307e\u304f\u5bfe\u5fdc\u3059\u308b\u5f53\u793e\u306e\u80fd\u529b\u306b\u95a2\u3059\u308b\u8a18\u8ff0\u3092\u542b\u3080\u5c06\u6765\u306e\u898b\u901a\u3057\u306b\u3064\u3044\u3066\u8aac\u660e\u3059\u308b\u4e88\u5b9a\u3067\u3059\u3002\u3053\u306e\u3088\u3046\u306a\u8a18\u8ff0\u306f\u30011995\u5e74\u7c73\u56fd\u6c11\u4e8b\u8a3c\u5238\u8a34\u8a1f\u6539\u9769\u6cd5\u306e\u4e0b\u3067\u5c06\u6765\u4e88\u60f3\u306b\u95a2\u3059\u308b\u8a18\u8ff0\u3068\u307f\u306a\u3055\u308c\u3001\u4e00\u5b9a\u306e\u30ea\u30b9\u30af\u3068\u4e0d\u78ba\u5b9f\u6027\u3092\u4f34\u3046\u305f\u3081\u3001\u5b9f\u969b\u306e\u7d50\u679c\u306f\u5f53\u793e\u306e\u5c06\u6765\u4e88\u60f3\u306b\u95a2\u3059\u308b\u8a18\u8ff0\u3067\u610f\u56f3\u3055\u308c\u305f\u3082\u306e\u3068\u306f\u5927\u304d\u304f\u7570\u306a\u308b\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u3002\u5831\u544a\u3055\u308c\u305f\u696d\u7e3e\u304c\u5c06\u6765\u306e\u696d\u7e3e\u3092\u793a\u3059\u3082\u306e\u3067\u3042\u308b\u3068\u307f\u306a\u3055\u308c\u308b\u3079\u304d\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u307e\u305f\u3001\u3053\u306e\u96fb\u8a71\u4f1a\u8b70\u306b\u304a\u3051\u308b\u898b\u901a\u3057\u306e\u8aac\u660e\u306f\u3001\u672c\u65e5\u73fe\u5728\u306b\u304a\u3044\u3066\u5165\u624b\u53ef\u80fd\u306a\u60c5\u5831\u306b\u3082\u3068\u3065\u304f\u3082\u306e\u3067\u3042\u308b\u3053\u3068\u306b\u3054\u7559\u610f\u304f\u3060\u3055\u3044\u3002
\n\u5f53\u793e\u306f\u3001\u6cd5\u5f8b\u3067\u7fa9\u52d9\u3065\u3051\u3089\u308c\u3066\u3044\u308b\u5834\u5408\u3092\u9664\u304d\u3001\u3044\u304b\u306a\u308b\u5c06\u6765\u4e88\u60f3\u306b\u95a2\u3059\u308b\u8a18\u8ff0\u3082\u66f4\u65b0\u3059\u308b\u7fa9\u52d9\u3092\u8ca0\u3046\u3082\u306e\u3067\u306f\u3042\u308a\u307e \u305b\u3093\u3002\u8a73\u7d30\u306b\u3064\u3044\u3066\u306f\u3001\u672c\u65e5\u672a\u660e\u306b\u63d0\u51fa\u3057\u305fChewy\u793e\u306e10-K\u304a\u3088\u30738-K\u3001\u306a\u3089\u3073\u306bSEC\u3078\u306e\u305d\u306e\u4ed6\u306e\u63d0\u51fa\u66f8\u985e\u306b\u8a18\u8f09\u3055\u308c\u3066\u3044\u308b\u30ea\u30b9\u30af\u8981\u56e0\u304a\u3088\u3073\u305d\u306e\u4ed6\u306e\u60c5\u5831\u3092\u53c2\u7167\u3057\u3066\u304f\u3060\u3055\u3044\u3002\u307e\u305f\u3001\u3053\u306e\u96fb\u8a71\u4f1a\u8b70\u3067\u306f\u3001\u7279\u5b9a\u306e\u975eGAAP\u8ca1\u52d9\u6307\u6a19\u306b\u3064\u3044\u3066\u8aac\u660e\u3057\u307e\u3059\u3002\u3053\u308c\u3089\u306e\u975eGAAP\u9805\u76ee\u306e\u6700\u3082\u76f4\u63a5\u7684\u306b\u6bd4\u8f03\u3067\u304d\u308bGAAP\u8ca1\u52d9\u6307\u6a19\u3078\u306e\u63db\u7b97\u306f\u3001\u5f53\u793e\u306e\u6295\u8cc7\u5bb6\u5411\u3051\u30a6\u30a7\u30d6\u30b5\u30a4\u30c8\u3001\u672c\u65e5\u672a\u660e\u306bSEC\u306b\u63d0\u51fa\u3057\u305fForm 8-K\u304a\u3088\u3073\u5f53\u793e\u306e10-K\u306b\u8a18\u8f09\u3055\u308c\u3066\u3044\u308b\u6c7a\u7b97\u5831\u544a\u304a\u3088\u3073\u682a\u4e3b\u5411\u3051\u66f8\u7c21\u306b\u8a18\u8f09\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n

\u3053\u308c\u3089\u306e\u975eGAAP\u30d9\u30fc\u30b9\u306e\u6307\u6a19\u306f\u3001GAAP\u30d9\u30fc\u30b9\u306e\u696d\u7e3e\u306e\u4ee3\u66ff\u3068\u306a\u308b\u3082\u306e\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u6700\u5f8c\u306b\u3001\u3053\u306e\u96fb\u8a71\u4f1a\u8b70\u306e\u6a21\u69d8\u306f\u5f53\u793e\u306e\u6295\u8cc7\u5bb6\u5411\u3051\u30a6\u30a7\u30d6\u30b5\u30a4\u30c8\u306b\u3066\u5168\u7de8\u30a6\u30a7\u30d6\u30ad\u30e3\u30b9\u30c8\u3055\u308c\u307e\u3059\u3002\u307e\u305f\u3001\u672c\u901a\u8a71\u306e\u518d\u653e\u9001\u306f\u8fd1\u65e5\u4e2d\u306b\u5f53\u793e\u306eIR\u30b5\u30a4\u30c8\u306b\u3066\u516c\u958b\u3055\u308c\u308b\u4e88\u5b9a\u3067\u3059\u3002\u305d\u308c\u3067\u306f\u3001\u30b9\u30df\u30c3\u30c8\u306b\u96fb\u8a71\u3092\u304a\u7e4b\u304e\u3057\u307e\u3059\u3002<\/p>\n

Sumit Singh — \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n

\u3042\u308a\u304c\u3068\u3046\u3001\u30dc\u30d6\u3002\u305d\u3057\u3066\u3001\u3053\u306e\u901a\u8a71\u306b\u53c2\u52a0\u3057\u3066\u304f\u308c\u305f\u7686\u3055\u3093\u3001\u3042\u308a\u304c\u3068\u3046\u3002\u307e\u305a\u30012021\u5e74\u306b\u3064\u3044\u3066\u3001\u305d\u3057\u3066\u30da\u30c3\u30c8\u696d\u754c\u5168\u4f53\u306b\u3064\u3044\u3066\u3001\u306a\u305c\u79c1\u305f\u3061\u304c\u3053\u306e\u5206\u91ce\u3068\u305d\u306e\u4e2d\u3067\u306e\u30c1\u30e5\u30fc\u30a4\u30fc\u306e\u4f4d\u7f6e\u3065\u3051\u306b\u3064\u3044\u3066\u697d\u89b3\u7684\u3067\u3042\u308a\u7d9a\u3051\u308b\u306e\u304b\u306b\u3064\u3044\u3066\u3001\u304a\u8a71\u3057\u3055\u305b\u3066\u304f\u3060\u3055\u3044\u30022021\u5e74\u306f\u3001\u5f53\u793e\u306e\u6b74\u53f2\u306e\u4e2d\u3067\u6700\u3082\u76ee\u899a\u307e\u3057\u30442\u5e74\u9593\u306e\u5e55\u958b\u3051\u3068\u306a\u308a\u307e\u3057\u305f\u3002\u30d1\u30f3\u30c7\u30df\u30c3\u30af\uff08\u4e16\u754c\u7684\u5927\u6d41\u884c\uff09\u304c\u8d77\u304d\u305f\u3053\u3068\u3067\u3001\u30c1\u30e5\u30fc\u30a4\u306f\u9577\u5e74\u306b\u308f\u305f\u3063\u3066\u5f53\u793e\u306e\u30d3\u30b8\u30cd\u30b9\u3092\u727d\u5f15\u3057\u3066\u304d\u305f\u30c8\u30ec\u30f3\u30c9\u306e\u52a0\u901f\u3068\u3044\u3046\u6069\u6075\u3092\u53d7\u3051\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3057\u305f\u3002<\/p>\n

\u30da\u30c3\u30c8\u306e\u98fc\u80b2\u982d\u6570\u304c\u5897\u3048\u3001\u4e00\u4e16\u5e2f\u3042\u305f\u308a\u306e\u5e73\u5747\u6d88\u8cbb\u984d\u304c\u5897\u52a0\u3057\u3001\u305d\u306e\u6d88\u8cbb\u984d\u306e\u591a\u304f\u304c\u30aa\u30f3\u30e9\u30a4\u30f3\u30fb\u30c1\u30e3\u30cd\u30eb\u306b\u5411\u3051\u3089\u308c\u308b\u3088\u3046\u306b\u306a\u308a\u307e\u3057\u305f\u3002\u4f55\u767e\u4e07\u3082\u306e\u65b0\u3057\u3044\u30da\u30c3\u30c8\u30d5\u30a1\u30df\u30ea\u30fc\u304c\u8a95\u751f\u3057\u3001\u305d\u306e\u7d50\u679c\u3001\u30da\u30c3\u30c8\u7528\u54c1\u3084\u30b5\u30fc\u30d3\u30b9\u306b\u5bfe\u3059\u308b\u9700\u8981\u304c\u6025\u5897\u3057\u307e\u3057\u305f\u3002\u5f53\u793e\u306e\u30c1\u30fc\u30e0\u306f\u6025\u901f\u306b\u898f\u6a21\u3092\u62e1\u5927\u3057\u3001\u4e8b\u696d\u306f\u307b\u307c\u500d\u5897\u3001\u904e\u53bb 2 \u5e74\u9593\u3067 40 \u5104\u30c9\u30eb\uff0883\uff05\uff09\u306e\u7d14\u58f2\u4e0a\u9ad8\u3092\u9054\u6210\u3057\u307e\u3057\u305f\u3002\u540c\u3058\u671f\u9593\u306b\u3001\u30a2\u30af\u30c6\u30a3\u30d6\u306a\u9867\u5ba2\u57fa\u76e4\u306f 720 \u4e07\u4eba\uff0854%\uff09\u62e1\u5927\u3057\u307e\u3057\u305f\u3002<\/p>\n

\u3055\u3089\u306b\u91cd\u8981\u306a\u3053\u3068\u306f\u3001\u3053\u308c\u3089\u306e\u5229\u76ca\u304c\u9577\u671f\u7684\u306b\u6301\u7d9a\u53ef\u80fd\u3067\u3042\u308b \u3068\u8003\u3048\u3066\u3044\u308b\u3053\u3068\u3067\u3059\u3002\u30da\u30c3\u30c8\u306f\u9577\u5e74\u306b\u308f\u305f\u308a\u5bb6\u65cf\u306e\u4e00\u54e1\u3067\u3042\u308a\u3001\u30d1\u30f3\u30c7\u30df\u30c3\u30af\u6642\u306b\u4fdd\u8b77\u3055\u308c\u305f\u5b50\u72ac\u3084\u5b50\u732b\u306f\u3001\u305d\u308c\u3089\u306e\u30da\u30c3\u30c8\u3068\u305d\u306e\u4e21\u89aa\u3068\u306e 10 \u5e74\u304b\u3089 15 \u5e74\u306b\u308f\u305f\u308b\u9577\u3044\u95a2\u4fc2\u306e\u59cb\u307e\u308a\u3068\u306a\u308a\u307e\u3057\u305f\u3002\u305d\u3057\u3066\u3001\u591a\u304f\u306e\u30da\u30c3\u30c8\u306e\u3054\u5bb6\u65cf\u306b\u3068\u3063\u3066\u3001\u30c1\u30e5\u30fc\u30a4\u3068\u306e\u9577\u304f\u5b9f\u308a\u3042\u308b\u95a2\u4fc2\u306e\u59cb\u307e\u308a\u3067\u3082\u3042\u308a\u307e\u3057\u305f\u3002\u3053\u306e\u3088\u3046\u306a\u95a2\u4fc2\u306f\u4e88\u6e2c\u53ef\u80fd\u3067\u3001\u7e70\u308a\u8fd4\u3057\u8a2a\u308c\u308b\u3082\u306e\u3067\u3042\u308b\u305f\u3081\u3001\u5f53\u793e\u304c\u7372\u5f97\u3057\u305f\u9867\u5ba2\u3068\u53ce\u76ca\u306e\u5897\u52a0\u306f\u6c38\u7d9a\u7684\u3067\u3042\u308a\u3001\u5c06\u6765\u306e\u6210\u9577\u306e\u305f\u3081\u306e\u6301\u7d9a\u7684\u306a\u57fa\u76e4\u3068\u306a\u308b\u3082\u306e\u3067\u3042\u308b\u3068\u78ba\u4fe1\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n

\u591a\u304f\u306e\u70b9\u3067\u3001\u79c1\u305f\u3061\u306f\u307e\u3060\u59cb\u307e\u3063\u305f\u3070\u304b\u308a\u306a\u306e\u3067\u3059\u3002\u79c1\u305f\u3061\u306f\u73fe\u5728\u30011200\u5104\u30c9\u30eb\u306e\u30da\u30c3\u30c8\u95a2\u9023\u5e02\u5834\u3067\u7af6\u4e89\u3057\u3066\u3044\u307e\u3059\u304c\u3001\u4eca\u5f8c5\u5e74\u9593\u3067\u6025\u901f\u306b\u6210\u9577\u3059\u308b\u3053\u3068\u304c\u4e88\u60f3\u3055\u308c\u307e\u3059\u3002\u305d\u306e\u4e2d\u3067\u3001E\u30b3\u30de\u30fc\u30b9\u306e\u58f2\u4e0a\u306f\u3055\u3089\u306b\u6025\u6210\u9577\u3059\u308b\u3068\u4e88\u60f3\u3055\u308c\u3066\u3044\u307e\u3059\u3002\u30c1\u30e5\u30fc\u30a4\u30fc\u304c\u3001\u4e16\u754c\u4e2d\u306e\u30da\u30c3\u30c8\u30da\u30a2\u30ec\u30f3\u30c4\u3068\u30d1\u30fc\u30c8\u30ca\u30fc\u306b\u3068\u3063\u3066\u6700\u3082\u4fe1\u983c\u3067\u304d\u308b\u4fbf\u5229\u306a\u30c7\u30b9\u30c6\u30a3\u30cd\u30fc\u30b7\u30e7\u30f3\u3068\u3057\u3066\u512a\u308c\u305f\u9867\u5ba2\u4f53\u9a13\u3092\u63d0\u4f9b\u3057\u7d9a\u3051\u308b\u3053\u3068\u3067\u3001\u3053\u3046\u3057\u305f\u4e16\u4fd7\u7684\u306a\u8ffd\u3044\u98a8\u306e\u6069\u6075\u3092\u5f37\u304f\u53d7\u3051\u7d9a\u3051\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u3068\u4fe1\u3058\u3066\u3044\u307e\u3059\u3002<\/p>\n

\u904b\u55b6\u9762\u3067\u306f\u30012021\u5e74\u306f\u9032\u5316\u3057\u7d9a\u3051\u308b\u30d1\u30f3\u30c7\u30df\u30c3\u30af\u306e\u4e2d\u3067\u3001\u30b5\u30d7\u30e9\u30a4\u30c1\u30a7\u30fc\u30f3\u306b\u5f71\u97ff\u3092\u4e0e\u3048\u7d9a\u3051\u3001\u6d88\u8cbb\u8005\u884c\u52d5\u3084\u4e8b\u696d\u9042\u884c\u306e\u81ea\u7136\u306a\u6d41\u308c\u304c\u4e71\u3055\u308c\u305f\u53b3\u3057\u3044\u5e74\u3067\u3057\u305f\u30022021\u5e74\u3092\u7d42\u3048\u30012022\u5e74\u306b\u5411\u3051\u3066\u9032\u3080\u4e2d\u3001\u5728\u5eab\u5207\u308c\u3084\u51fa\u8377\u30b3\u30b9\u30c8\u304c\u9ad8\u6b62\u307e\u308a\u3057\u3066\u3044\u308b\u4e00\u65b9\u3067\u3001\u52b4\u50cd\u529b\u306e\u78ba\u4fdd\u3001\u5165\u8377\u30b3\u30b9\u30c8\u3001\u4fa1\u683c\u8a2d\u5b9a\u306b\u306f\u3059\u3067\u306b\u6539\u5584\u304c\u898b\u3089\u308c\u307e\u3059\u3002\u6700\u7d42\u7684\u306b\u306f\u3001\u3053\u308c\u3089\u306e\u8ab2\u984c\u306e\u307b\u3068\u3093\u3069\u306f\u6c38\u4e45\u7684\u306a\u3082\u306e\u3067\u306f\u306a\u3044\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002\u9577\u671f\u7684\u306a\u8996\u70b9\u306b\u7acb\u3061\u3001\u9867\u5ba2\u3068\u306e\u5f37\u3044\u7d50\u3073\u3064\u304d\u3068\u30a4\u30ce\u30d9\u30fc\u30b7\u30e7\u30f3\u3092\u57fa\u672c\u306b\u636e\u3048\u308bChewy\u306e\u3088\u3046\u306a\u4f01\u696d\u306f\u3001\u6301\u7d9a\u7684\u304b\u3064\u6301\u7d9a\u7684\u306a\u7af6\u4e89\u512a\u4f4d\u6027\u3092\u4eab\u53d7\u3057\u7d9a\u3051\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u3067\u3057\u3087\u3046\u3002<\/p>\n

\u3064\u307e\u308a\u3001\u79c1\u305f\u3061\u306f\u672a\u6765\u306b\u5bfe\u3057\u3066\u697d\u89b3\u7684\u3067\u3042\u308a\u3001\u304a\u5ba2\u69d8\u306e\u4fe1\u983c\u3092\u7372\u5f97\u3057\u3001\u5e02\u5834\u30b7\u30a7\u30a2\u3092\u62e1\u5927\u3057\u3001\u682a\u4e3b\u4fa1\u5024\u3092\u5275\u9020\u3059\u308b\u305f\u3081\u306e\u5b9f\u884c\u529b\u3092\u6301\u3061\u7d9a\u3051\u3066\u3044\u308b\u306e\u3067\u3059\u3002\u305d\u308c\u3067\u306f\u30012021 \u5e74\u7b2c 4 \u56db\u534a\u671f\u304a\u3088\u3073\u901a\u671f\u306e\u696d\u7e3e\u306e\u30ec\u30d3\u30e5\u30fc\u3068\u3001\u6700\u65b0\u306e\u30a4\u30ce\u30d9\u30fc\u30b7\u30e7\u30f3\u306e\u7d39\u4ecb\u306b\u79fb\u308a\u307e \u3059\u3002\u305d\u306e\u5f8c\u3001\u30de\u30ea\u30aa\u304c\u696d\u7e3e\u306e\u8a73\u7d30\u306b\u3064\u3044\u3066\u8aac\u660e\u3057\u3001\u30ac\u30a4\u30c0\u30f3\u30b9\u3092\u304a\u4f1d\u3048\u3057\u307e\u3059\u3002\u7b2c4\u56db\u534a\u671f\u306e\u58f2\u4e0a\u9ad8\u306f\u524d\u5e74\u540c\u671f\u6bd417%\u5897\u306e23.9\u5104\u30c9\u30eb\u30012021\u5e74\u901a\u671f\u306e\u58f2\u4e0a\u9ad8\u306f88.9\u5104\u30c9\u30eb\u3001\u5e74\u738724%\u5897\u3068\u306a\u308a\u307e\u3057\u305f\u3002<\/p>\n

\u6628\u5e74\u306e\u5927\u5e45\u306a\u6210\u9577\u306b\u52a0\u3048\u3066\u30012021\u5e74\u306b24%\u306e\u58f2\u4e0a\u9ad8\u6210\u9577\u3092\u5b9f\u73fe\u3067\u304d\u308b\u306e\u306f\u3001\u30d1\u30f3\u30c7\u30df\u30c3\u30af\u306b\u3088\u308b\u77ed\u671f\u7684\u306a\u5229\u76ca\u3060\u3051\u3067\u306a\u304f\u3001\u5f53\u793e\u306e\u4e8b\u696d\u306e\u8010\u4e45\u6027\u3092\u53cd\u6620\u3057\u305f\u3082\u306e\u3067\u3059\u30022021\u5e74\u7b2c4\u56db\u534a\u671f\u306b\u898b\u3089\u308c\u305f\u306e\u306f\u3001\u5f53\u793e\u306e\u30d3\u30b8\u30cd\u30b9\u3092\u652f\u3048\u308b\u57fa\u672c\u7684\u306b\u5f37\u3044\u6d88\u8cbb\u8005\u9700\u8981\u3068\u3001\u975e\u5e38\u306b\u53b3\u3057\u3044\u4e8b\u696d\u74b0\u5883\u3068\u306e\u9593\u306e\u7db1\u5f15\u304d\u3067\u3057\u305f\u3002\u30b5\u30a4\u30c8\u306e\u30c8\u30e9\u30d5\u30a3\u30c3\u30af\u3001\u30b3\u30f3\u30d0\u30fc\u30b8\u30e7\u30f3\u3001\u6ce8\u6587\u91cf\u3001\u30d0\u30b9\u30b1\u30c3\u30c8\u30b5\u30a4\u30ba\u306a\u3069\u3001\u9700\u8981\u3084\u9867\u5ba2\u30a8\u30f3\u30b2\u30fc\u30b8\u30e1\u30f3\u30c8\u3092\u6e2c\u308b\u6307\u6a19\u306f\u3059\u3079\u3066\u7b2c4\u56db\u534a\u671f\u306b\u30d7\u30e9\u30b9\u306e\u50be\u5411\u3092\u793a\u3057\u3001\u305d\u308c\u3089\u304c\u76f8\u307e\u3063\u3066\u3001\u6709\u52b9\u9867\u5ba2\u4e00\u4eba\u5f53\u305f\u308a\u306e\u58f2\u4e0a\u9ad8\uff08NSPAC\uff09\u306f16\uff05\u5897\u306e430\u30c9\u30eb\u3068\u306a\u308a\u3001\u904e\u53bb\u6700\u9ad8\u3068\u306a\u308a\u307e\u3057\u305f\u3002\u3082\u3046\u3072\u3068\u3064\u306e\u7279\u7b46\u3059\u3079\u304d\u30a8\u30f3\u30b2\u30fc\u30b8\u30e1\u30f3\u30c8\u6307\u6a19\u306f\u3001\u30aa\u30fc\u30c8\u30b7\u30c3\u30d7\u30d7\u30ed\u30b0\u30e9\u30e0\u304c\u5f15\u304d\u7d9a\u304d\u597d\u8abf\u3067\u3042\u308b\u3053\u3068\u3067\u30012021\u5e74\u58f2\u4e0a\u9ad8\u306e70.2\uff05\u3092\u5360\u3081\u3001\u524d\u5e74\u540c\u671f\u6bd4180\u30d9\u30fc\u30b7\u30b9\u30dd\u30a4\u30f3\u30c8\u5897\u52a0\u3057\u307e\u3057\u305f\u3002<\/p>\n

\u4e00\u65b9\u3001\u30aa\u30df\u30af\u30ed\u30f3\u304c\u56db\u534a\u671f\u534a\u3070\u306b\u767b\u5834\u3057\u305f\u3053\u3068\u3067\u3001\u3059\u3067\u306b\u5f31\u4f53\u5316\u3057\u3066\u3044\u305f\u696d\u754c\u5168\u4f53\u306e\u30b5\u30d7\u30e9\u30a4\u30c1\u30a7\u30fc\u30f3\u304c\u3055\u3089\u306b\u6df7\u4e71\u3059\u308b\u306a\u3069\u3001\u5f53\u56db\u534a\u671f\u306b\u5165\u308a\u4e00\u90e8\u306e\u5206\u91ce\u3067\u7d4c\u55b6\u72b6\u6cc1\u306e\u60aa\u5316\u304c\u898b\u3089\u308c\u307e\u3057\u305f\u3002\u3053\u306e\u305f\u3081\u3001\u5728\u5eab\u5207\u308c\u304c\u767a\u751f\u3057\u3001\u5f53\u56db\u534a\u671f\u306e\u58f2\u4e0a\u6e1b\u5c11\u306e\u5f71\u97ff\u306f\u4e88\u60f3\u306e2\u500d\u3068\u306a\u308a\u307e\u3057\u305f\u3002\u3053\u306e\u5f71\u97ff\u304c\u306a\u3051\u308c\u3070\u3001\u7b2c4\u56db\u534a\u671f\u306e\u58f2\u4e0a\u9ad8\u306f\u30ac\u30a4\u30c0\u30f3\u30b9\u30ec\u30f3\u30b8\u306e\u4e0a\u9650\u4ed8\u8fd1\u306b\u306a\u3063\u305f\u3068\u63a8\u5b9a\u3055\u308c\u307e\u3059\u3002\u9867\u5ba2\u306b\u8a71\u3092\u79fb\u3057\u307e\u3059\u3002<\/p>\n

2021\u5e74\u306b150\u4e07\u4eba\u306e\u30a2\u30af\u30c6\u30a3\u30d6\u9867\u5ba2\u3092\u8ffd\u52a0\u3057\u30018\uff05\u5897\u306e2,070\u4e07\u4eba\u306e\u30a2\u30af\u30c6\u30a3\u30d6\u9867\u5ba2\u3067\u5e74\u5ea6\u672b\u3092\u8fce\u3048\u307e\u3057\u305f\u3002\u3053\u306e\u9867\u5ba2\u57fa\u76e4\u306e\u62e1\u5927\u3068NSPAC\u306e16\uff05\u5897\u304c\u30012021\u5e74\u306e\u58f2\u4e0a\u5897\u306e\u4e3b\u8981\u306a\u8981\u7d20\u3067\u3057\u305f\u3002NSPAC\u306e\u6301\u7d9a\u7684\u306a\u6210\u9577\u306f\u3001\u76f4\u8fd1\u306e\u30b3\u30db\u30fc\u30c8\u306b\u3088\u308b\u529b\u5f37\u3044\u8ca2\u732e\u3068\u3001\u6642\u9593\u3092\u304b\u3051\u3066\u9867\u5ba2\u3092\u958b\u62d3\u3057\u3001\u5f90\u3005\u306b\u5927\u304d\u306a\u30a6\u30a9\u30ec\u30c3\u30c8\u30b7\u30a7\u30a2\u3092\u7372\u5f97\u3059\u308b\u305f\u3081\u306e\u7d99\u7d9a\u7684\u306a\u53d6\u308a\u7d44\u307f\u3092\u53cd\u6620\u3057\u3066\u3044\u307e\u3059\u3002\u5b9f\u969b\u30012021\u5e74\u306e\u30b3\u30fc\u30db\u30fc\u30c8\u306f\u30012017\u5e74\u4ee5\u964d\u3067\u6700\u3082\u9ad8\u3044\u521d\u5e74\u5ea6NSPAC\u3092\u8a18\u9332\u3057\u307e\u3057\u305f\u3002<\/p>\n

\u540c\u69d8\u306b\u30012020\u5e74\u306e\u30b3\u30db\u30fc\u30c8\u3067\u306f\u30012017\u5e74\u4ee5\u964d\u3067\u6700\u3082\u9ad8\u30442\u5e74\u76ee\u306eNSPAC\u3092\u8a18\u9332\u3057\u307e\u3057\u305f\u3002\u6700\u8fd1\u5165\u4f1a\u3055\u308c\u305f\u304a\u5ba2\u69d8\u3082\u3001\u3053\u308c\u307e\u3067\u3068\u540c\u3058\u30d1\u30bf\u30fc\u30f3\u306eNSPAC\u306e\u4f38\u3073\u3092\u793a\u3057\u3001\u597d\u8abf\u306a\u6ed1\u308a\u51fa\u3057\u3092\u898b\u305b\u3066\u3044\u307e\u3059\u3002NSPAC\u306e\u6210\u9577\u306e\u6301\u7d9a\u6027\u3092\u8a3c\u660e\u3059\u308b\u30dd\u30a4\u30f3\u30c8\u3068\u3057\u3066\u3001\u5f53\u793e\u306e\u6700\u3082\u53e4\u3044\u30b3\u30db\u30fc\u30c8\u306f\u73fe\u5728\u3001\u5f53\u793e\u3067\u5e74\u9593\u7d041,000\u30c9\u30eb\u3092\u8cbb\u3084\u3057\u3066\u3044\u307e\u3059\u3002\u7b2c4\u56db\u534a\u671f\u306f\u30012021\u5e74\u306e\u7b2c4\u56db\u534a\u671f\u3068\u3057\u3066\u6700\u3082\u597d\u8abf\u306a\u7dcf\u9867\u5ba2\u6570\u3067\u3057\u305f\u304c\u3001\u7d14\u5897\u6570\u306f30\u4e07\u3068\u4e88\u60f3\u3092\u4e0b\u56de\u308a\u307e\u3057\u305f\u3002<\/p>\n

\u3064\u307e\u308a\u30012020\u5e74\u7b2c4\u56db\u534a\u671f\u306e\u30b3\u30fc\u30db\u30fc\u30c8\u306e1\u5e74\u76ee\u306e\u7dad\u6301\u7387\u306f\u3001\u901a\u5e38\u89b3\u6e2c\u3055\u308c\u308b\u5024\u3088\u308a\u3082\u4f4e\u304b\u3063\u305f\u306e\u3067\u3059\u3002\u3053\u306e\u8981\u56e0\u306f\u3001\u30b7\u30b9\u30c6\u30e0\u7684\u306a\u3082\u306e\u3067\u306f\u306a\u304f\u3001COVID\u611f\u67d3\u306e\u7b2c\u4e8c\u6ce2\u3068\u523a\u6fc0\u7684\u306a\u5c0f\u5207\u624b\u306e\u767b\u5834\u304c\u91cd\u306a\u3063\u305f\u3001\u3053\u308c\u3089\u306e\u304a\u5ba2\u69d8\u304c\u7372\u5f97\u3055\u308c\u305f\u6642\u671f\u306e\u6a5f\u80fd\u3067\u3042\u308b\u3068\u601d\u308f\u308c\u307e\u3059\u3002\u305d\u306e\u7d50\u679c\u30012020\u5e74\u306e\u6700\u521d\u306e3\u56db\u534a\u671f\u306e\u30b3\u30db\u30fc\u30c8\u306b\u304a\u3051\u308b1\u5e74\u76ee\u306e\u7d99\u7d9a\u7387\u306f\u5178\u578b\u7684\u306a\u7bc4\u56f2\u5185\u306b\u3042\u308a\u30012020\u5e74\u7b2c4\u56db\u534a\u671f\u306e\u30b3\u30db\u30fc\u30c8\u3067\u89b3\u5bdf\u3055\u308c\u305f\u50be\u5411\u304c\u975e\u5178\u578b\u7684\u3067\u3042\u308b\u3068\u3044\u3046\u6211\u3005\u306e\u8003\u3048\u3092\u3055\u3089\u306b\u88cf\u4ed8\u3051\u308b\u3082\u306e\u3068\u306a\u308a\u307e\u3057\u305f\u3002\u307e\u305f\u3001\u5f53\u793e\u306e\u30e2\u30c7\u30eb\u306e\u53cd\u5fa9\u6027\u306b\u3088\u308a\u3001\u6d88\u8cbb\u8005\u5411\u3051E\u30b3\u30de\u30fc\u30b9\u4e8b\u696d\u3067\u4e00\u822c\u7684\u306b\u898b\u3089\u308c\u308b\u7387\u3092\u306f\u308b\u304b\u306b\u4e0a\u56de\u308b\u5b9a\u7740\u7387\u304c\u5f97\u3089\u308c\u3066\u3044\u308b\u3053\u3068\u3001\u6b74\u53f2\u7684\u306b\u898b\u3089\u308c\u308b\u6e1b\u5c11\u304c1\u5e74\u76ee\u304b\u30892\u5e74\u76ee\u3078\u306e\u79fb\u884c\u671f\u306b\u975e\u5e38\u306b\u96c6\u4e2d\u3057\u3001\u305d\u306e\u5f8c\u306e\u3059\u3079\u3066\u306e\u5e74\u3067\u306f\u5927\u5e45\u306b\u7de9\u548c\u3055\u308c\u308b\u3053\u3068\u3082\u3001\u6539\u3081\u3066\u5f37\u8abf\u3057\u3066\u304a\u304f\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n

\u6b21\u306b\u3001\u58f2\u4e0a\u7dcf\u5229\u76ca\u7387\u3067\u3059\u30022021 \u5e74\u7b2c 4 \u56db\u534a\u671f\u306e\u58f2\u4e0a\u7dcf\u5229\u76ca\u7387\u306f 170bp \u4f4e\u4e0b\u3057\u300125.4%\u3068\u306a\u308a\u307e\u3057\u305f\u3002\u3053\u306e\u4e3b\u306a\u8981\u56e0\u306f\u3001\u7b2c4\u56db\u534a\u671f\u306e\u4fa1\u683c\u8a2d\u5b9a\u304c\u307e\u3060\u30b3\u30b9\u30c8\u30a4\u30f3\u30d5\u30ec\u3092\u53cd\u6620\u3057\u3066\u3044\u306a\u3044\u3053\u3068\u3068\u3001\u30a4\u30f3\u30d0\u30a6\u30f3\u30c9\u306e\u904b\u8cc3\u304c\u4e0a\u6607\u3057\u305f\u3053\u3068\u3067\u3059\u3002\u3053\u3046\u3057\u305f\u58f2\u4e0a\u7dcf\u5229\u76ca\u7387\u306b\u5bfe\u3059\u308b\u77ed\u671f\u7684\u306a\u5727\u529b\u306f\u7b2c4\u56db\u534a\u671f\u306b\u30d4\u30fc\u30af\u3092\u8fce\u3048\u305f\u53ef\u80fd\u6027\u304c\u9ad8\u304f\u3001\u73fe\u5728\u306e\u7b2c1\u56db\u534a\u671f\u306b\u306f\u3059\u3067\u306b\u56de\u5fa9\u306e\u5146\u3057\u304c\u898b\u3048\u3066\u3044\u308b\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002<\/p>\n

\u4f8b\u3048\u3070\u3001\u7b2c1\u56db\u534a\u671f\u306e\u6700\u521d\u306e\u6708\u3067\u3042\u308b2022\u5e742\u6708\u306b\u306f\u3001\u58f2\u4e0a\u7dcf\u5229\u76ca\u7387\u304c\u524d\u56db\u534a\u671f\u6bd4\u3067\u6539\u5584\u3057\u307e\u3057\u305f\u30022021\u5e74\u901a\u671f\u306e\u58f2\u4e0a\u7dcf\u5229\u76ca\u7387\u306f\u524d\u5e74\u6bd4120\u30d9\u30fc\u30b7\u30b9\u30dd\u30a4\u30f3\u30c8\u62e1\u5927\u305726.7\uff05\u3068\u306a\u308a\u3001\u4e0b\u671f\u306b\u767a\u751f\u3057\u305f\u30a4\u30f3\u30d5\u30ec\u3084\u904b\u8cc3\u306e\u9006\u98a8\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u3001\u5168\u793e\u6700\u9ad8\u3092\u66f4\u65b0\u3057\u307e\u3057\u305f\u3002\u3055\u3066\u30012022\u5e74\u901a\u671f\u306e\u58f2\u4e0a\u7dcf\u5229\u76ca\u7387\u306b\u3064\u3044\u3066\u3082\u3001\u3082\u3046\u5c11\u3057\u8a73\u3057\u304f\u8aac\u660e\u3055\u305b\u3066\u304f\u3060\u3055\u3044\u3002\u524d\u56de\u306e\u6c7a\u7b97\u8aac\u660e\u4f1a\u3067\u3082\u304a\u4f1d\u3048\u3057\u307e\u3057\u305f\u304c\u3001\u30d5\u30a7\u30c7\u30c3\u30af\u30b9\u3068\u306e\u65b0\u3057\u3044\u30a2\u30a6\u30c8\u30d0\u30a6\u30f3\u30c9\u8f38\u9001\u5951\u7d04\u304c2021\u5e74\u7b2c4\u56db\u534a\u671f\u306e\u6700\u7d42\u6708\u3067\u3042\u308b1\u6708\u306b\u767a\u52b9\u3057\u307e\u3057\u305f\u304c\u3001\u305d\u306e\u30bf\u30a4\u30df\u30f3\u30b0\u304b\u3089\u3059\u308b\u3068\u3001\u7b2c4\u56db\u534a\u671f\u306e\u7c97\u5229\u76ca\u7387\u306b\u306f\u308f\u305a\u304b\u306a\u5f71\u97ff\u3057\u304b\u4e0e\u3048\u307e\u305b\u3093\u3067\u3057\u305f\u3002<\/p>\n

2022\u5e74\u901a\u671f\u3067\u306f\u3001\u71c3\u6599\u4fa1\u683c\u306e\u4e0a\u6607\u3092\u542b\u3081\u3001\u30a2\u30a6\u30c8\u30d0\u30a6\u30f3\u30c9\u8ca8\u7269\u306e\u58f2\u4e0a\u7dcf\u5229\u76ca\u7387\u3078\u306e\u5f71\u97ff\u306f100\uff5e150bp\u306b\u306a\u308b\u3068\u63a8\u5b9a\u3057\u3066\u3044\u307e\u3059\u30022022 \u5e74\u306e\u904b\u8cc3\u6539\u5b9a\u3092\u63a7\u3048\u3001\u307e\u305f\u5f53\u793e\u306e\u4f01\u696d\u6587\u5316\u306b\u6839\u4ed8\u3044\u3066\u3044\u308b\u7d99\u7d9a\u7684\u6539\u5584\u306e\u7cbe\u795e\u306b\u57fa\u3065\u304d\u3001\u5f53\u793e\u306e\u30c1\u30fc\u30e0\u306f\u3059\u3067\u306b \u904b\u8cc3\u30b3\u30b9\u30c8\u524a\u6e1b\u306e\u305f\u3081\u306e\u3044\u304f\u3064\u304b\u306e\u7269\u6d41\u30fb\u30b5\u30d7\u30e9\u30a4\u30c1\u30a7\u30fc\u30f3\u6226\u7565\u3092\u691c\u8a0e\u3057\u3066\u3044\u307e\u3059\u3002\u3053\u308c\u3089\u306e\u3046\u3061\u3001\u3044\u304f\u3064\u304b\u306f\u4eca\u56db\u534a\u671f\u306b\u7740\u624b\u3057\u3001\u305d\u306e\u4ed6\u306e\u3082\u306e\u306f\u7b2c 2 \u56db\u534a\u671f\u4ee5\u964d\u306b\u7740\u624b\u3059\u308b\u4e88\u5b9a\u3067\u3059\u3002\u3053\u308c\u3089\u306e\u53d6\u308a\u7d44\u307f\u306b\u3088\u308a\u3001\u4eca\u5e74\u4e2d\u306b\u3053\u306e\u65b0\u5951\u7d04\u306b\u3088\u308b\u5f71\u97ff\u306e\u4e00\u90e8\u3092\u8efd\u6e1b\u3057\u30012\u5e74\u4ee5\u5185\u306b\u5f71\u97ff\u306e\u5927\u90e8\u5206\u3092\u8efd\u6e1b\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002<\/p>\n

2022 \u5e74\u901a\u671f\u3092\u5168\u4f53\u3068\u3057\u3066\u307f\u308b\u3068\u3001\u73fe\u5728\u306e\u30de\u30af\u30ed\u74b0\u5883\u306f\u591a\u304f\u306e\u53ef\u52d5\u8981\u7d20\u3092\u542b\u3093\u3067\u3044\u307e\u3059\u3002\u3059\u3079\u3066\u3092\u8003\u616e\u3057\u305f\u4e0a\u3067\u30012022\u5e74\u901a\u671f\u306e\u58f2\u4e0a\u7dcf\u5229\u76ca\u7387\u306f\u30012021\u5e74\u901a\u671f\u3068\u307b\u307c\u540c\u6c34\u6e96\u306b\u306a\u308b\u3068\u4e88\u60f3\u3057\u3066\u3044\u307e\u3059\u3002\u305f\u3060\u3057\u3001\u5f53\u793e\u306e\u4e3b\u529b\u4e8b\u696d\u5206\u91ce\u306e\u5f37\u3055\u3068\u9867\u5ba2\u3068\u306e\u5f37\u3044\u7d50\u3073\u3064\u304d\u304c\u3001\u524d\u8ff0\u306e\u30b3\u30b9\u30c8\u4e0a\u6607\u5727\u529b\u3092\u5438\u53ce\u3057\u3001\u58f2\u4e0a\u7dcf\u5229\u76ca\u7387\u3092\u3055\u3089\u306b\u62e1\u5927\u3055\u305b\u308b\u3082\u306e\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002\u3053\u306e\u3053\u3068\u306f\u3001\u5f53\u793e\u304c\u5e38\u306b\u4fe1\u3058\u3001\u7686\u69d8\u306b\u304a\u4f1d\u3048\u3057\u3066\u304d\u305f\u3053\u3068\u3001\u3059\u306a\u308f\u3061\u3001\u5f53\u793e\u306e\u7dcf\u5408\u7684\u306a\u4fa1\u5024\u63d0\u6848\u3068\u3001\u30a4\u30ce\u30d9\u30fc\u30b7\u30e7\u30f3\u304a\u3088\u3073\u9867\u5ba2\u7d4c\u9a13\u3078\u306e\u7d76\u3048\u9593\u306a\u3044\u6ce8\u529b\u306b\u3088\u308b\u30ed\u30a4\u30e4\u30eb\u30c6\u30a3\u306e\u5411\u4e0a\u304c\u3001\u6301\u7d9a\u7684\u306a\u512a\u4f4d\u6027\u3092\u751f\u307f\u51fa\u3057\u3001\u5f53\u793e\u304c\u9577\u671f\u7684\u306b\u76ee\u6a19\u3068\u3059\u308b\u58f2\u4e0a\u7dcf\u5229\u76ca\u738725\uff05\u304b\u308928\uff05\u306e\u7bc4\u56f2\u306e\u4e0a\u9650\u3092\u9054\u6210\u3059\u308b\u8ecc\u9053\u3092\u7dad\u6301\u3057\u3066\u3044\u308b\u3053\u3068\u3092\u793a\u3059\u3082\u306e\u3067\u3042\u308b\u3068\u8a00\u3048\u307e\u3059\u3002<\/p>\n

\u30de\u30fc\u30b1\u30c6\u30a3\u30f3\u30b0\u306b\u79fb\u308a\u307e\u3059\u3002\u7b2c4\u56db\u534a\u671f\u306e\u5e83\u544a\u30fb\u30de\u30fc\u30b1\u30c6\u30a3\u30f3\u30b0\u8cbb\u7528\u306f\u3001\u58f2\u4e0a\u9ad8\u306e6.4%\u306b\u7e2e\u5c0f\u3057\u307e\u3057\u305f\u3002\u3053\u308c\u306f\u3001\u7b2c2\u56db\u534a\u671f\u306b\u6025\u5897\u3057\u305f\u5e83\u544a\u8cbb\u304c\u5f15\u304d\u7d9a\u304d\u6b63\u5e38\u5316\u3057\u30012\u56db\u534a\u671f\u9023\u7d9a\u306e\u6539\u5584\u3068\u306a\u308a\u307e\u3057\u305f\u3002\u4ee5\u524d\u304b\u3089\u7533\u3057\u4e0a\u3052\u3066\u3044\u308b\u3088\u3046\u306b\u3001\u9650\u754cCPA\u3068LTV\u306e\u6c34\u6e96\u3092\u6ce8\u8996\u3057\u306a\u304c\u3089\u3001\u6700\u9069\u306a\u30ea\u30bf\u30fc\u30f3\u304c\u5f97\u3089\u308c\u308b\u30ec\u30d9\u30eb\u307e\u3067\u8cbb\u7528\u3092\u6295\u5165\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n

\u7b2c4\u56db\u534a\u671f\u306f\u3001\u7b2c3\u56db\u534a\u671f\u306b\u958b\u59cb\u3057\u305f\u65b0\u3057\u3044\u30bf\u30fc\u30b2\u30c6\u30a3\u30f3\u30b0\u3068\u30b5\u30a4\u30c8\u52b9\u7387\u5316\u6307\u6a19\u306e\u904b\u7528\u3092\u7d99\u7d9a\u3057\u307e\u3057\u305f\u3002\u307e\u305f\u3001\u7b2c4\u56db\u534a\u671f\u306b\u306f\u3001\u30de\u30eb\u30c1\u30c1\u30e3\u30cd\u30eb\u306e\u30d5\u30eb\u30d5\u30a1\u30cd\u30eb\u30fb\u30de\u30fc\u30b1\u30c6\u30a3\u30f3\u30b0\u30fb\u30ad\u30e3\u30f3\u30da\u30fc\u30f3\u306b\u6ce8\u529b\u3057\u3001\u300cChatty Pets\u300d\u30ad\u30e3\u30f3\u30da\u30fc\u30f3\u3092\u958b\u59cb\u3057\u307e\u3057\u305f\u3002\u3053\u306e\u30ad\u30e3\u30f3\u30da\u30fc\u30f3\u306f\u3001\u30ed\u30fc\u30ef\u30fc\u30d5\u30a1\u30cd\u30eb\u30fb\u30ad\u30e3\u30f3\u30da\u30fc\u30f3\u3068\u540c\u3058ROI\u57fa\u6e96\u3067\u6e2c\u5b9a\u3055\u308c\u307e\u3059\u304c\u3001\u65b0\u898f\u9867\u5ba2\u3092\u76f4\u63a5Chewy\u306b\u8a98\u5c0e\u3057\u3001\u540c\u6642\u306b\u65e2\u5b58\u9867\u5ba2\u306eChewy\u3078\u306e\u95a2\u5fc3\u3092\u9ad8\u3081\u7d9a\u3051\u308b\u3068\u3044\u3046\u5229\u70b9\u304c\u3042\u308a\u307e\u3059\u3002\u3053\u308c\u3089\u306e\u53d6\u308a\u7d44\u307f\u306b\u3088\u308a\u3001\u7b2c4\u56db\u534a\u671f\u306eCPA\u304c\u9806\u6b21\u6539\u5584\u3055\u308c\u308b\u306a\u3069\u3001\u5f15\u304d\u7d9a\u304d\u597d\u7d50\u679c\u3092\u751f\u307f\u51fa\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n

\u7b2c4\u56db\u534a\u671f\u306e\u8ca9\u58f2\u7ba1\u7406\u8cbb\u306f\u4eba\u4ef6\u8cbb\u306e\u4e0a\u6607\u3092\u53cd\u6620\u3057\u3066\u304a\u308a\u3001\u5148\u307b\u3069\u8aac\u660e\u3057\u305f\u58f2\u4e0a\u7dcf\u5229\u76ca\u7387\u306e\u5727\u8feb\u3068\u5408\u308f\u305b\u308b\u3068\u3001\u7b2c4\u56db\u534a\u671f\u306e\u8abf\u6574\u5f8cEBITDA\u30de\u30fc\u30b8\u30f3\u306f420bps\u6e1b\u5c11\u3057\u307e\u3057\u305f\u3002\u56db\u534a\u671f\u3054\u3068\u306e\u5909\u52d5\u306f\u3055\u3066\u304a\u304d\u3001\u904e\u53bb2\u5e74\u9593\u306b\u30dc\u30c8\u30e0\u30e9\u30a4\u30f3\u306e\u6539\u5584\u306b\u5411\u3051\u3066\u5927\u304d\u306a\u524d\u9032\u304c\u3042\u3063\u305f\u3053\u3068\u306f\u6ce8\u76ee\u306b\u5024\u3057\u307e\u3059\u3002\u3053\u306e\u9593\u3001\u975e\u5e38\u306b\u8907\u96d1\u306a\u74b0\u5883\u3067\u4e8b\u696d\u3092\u5c55\u958b\u3057\u306a\u304c\u3089\u30011\u5104\u30c9\u30eb\u306e\u30d1\u30f3\u30c7\u30df\u30c3\u30af\u95a2\u9023\u306e\u4eba\u4ef6\u8cbb\u5897\u52a0\u3001\u30d5\u30eb\u30d5\u30a3\u30eb\u30e1\u30f3\u30c8\u30bb\u30f3\u30bf\u30fc\u3068\u85ac\u5c40\u306e\u62e1\u5927\u3078\u306e1\u51046\u5343\u4e07\u30c9\u30eb\u306e\u6295\u8cc7\u3001\u6210\u9577\u5fd7\u5411\u306e\u30de\u30fc\u30b1\u30c6\u30a3\u30f3\u30b0\u8cbb\u7528\u306e1\u51049\u5343\u4e07\u30c9\u30eb\u306e\u8ffd\u52a0\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u3001\u5f53\u793e\u306f\u8abf\u6574\u5f8cEBITDA\u3092\u6700\u7d42\u640d\u76ca\u306b\u8ffd\u52a0\u3057\u30012019\u5e74\u306e\u30de\u30a4\u30ca\u30b91.7%\u304b\u30892021\u5e74\u306b\u306f\u8abf\u6574\u5f8cEBITDA\u30de\u30fc\u30b8\u30f3\u3092\u30d7\u30e9\u30b90.9\uff05\u306b\u62e1\u5927\u3055\u305b\u308b\u3053\u3068\u306b\u6210\u529f\u3057\u307e\u3057\u305f\u3002\u540c\u6642\u306b\u3001\u9577\u671f\u7684\u306a\u76ee\u6a19\u3067\u3042\u308b\u8abf\u6574\u5f8cEBITDA\u30de\u30fc\u30b8\u30f35\uff05\uff5e10\uff05\u306e\u9054\u6210\u306b\u5411\u3051\u3066\u3001\u5f15\u304d\u7d9a\u304d\u63fa\u308b\u304e\u306a\u3044\u96c6\u4e2d\u529b\u3092\u767a\u63ee\u3057\u3066\u3044\u304d\u307e\u3059\u3002<\/p>\n

\u6b21\u306b\u3001Chewy\u793e\u306b\u304a\u3051\u308b\u3044\u304f\u3064\u304b\u306e\u91cd\u8981\u306a\u30a4\u30ce\u30d9\u30fc\u30b7\u30e7\u30f3\u306e\u9032\u6357\u72b6\u6cc1\u306b\u3064\u3044\u3066\u304a\u77e5\u3089\u305b\u3057\u30012\u3064\u306e\u30a8\u30ad\u30b5\u30a4\u30c6\u30a3\u30f3\u30b0\u306a\u65b0\u30d7\u30ed\u30b0\u30e9\u30e0\u306b\u3064\u3044\u3066\u3054\u7d39\u4ecb\u3057\u307e\u3059\u3002\u58f2\u4e0a\u7dcf\u5229\u76ca\u7387\u306e\u3068\u3053\u308d\u3067\u304a\u8a71\u3057\u3057\u305f\u7269\u6d41\u3068\u30b5\u30d7\u30e9\u30a4\u30c1\u30a7\u30fc\u30f3\u306e\u9769\u65b0\u306b\u52a0\u3048\u3001\u300cChewy\u300d\u793e\u3067\u306f\u3001\u300cChewy\u300d\u793e\u3067\u884c\u3063\u3066\u3044\u308b\u65b0\u3057\u3044\u53d6\u308a\u7d44\u307f\u306b\u3064\u3044\u3066\u3054\u7d39\u4ecb\u3057\u307e\u3059\u3002\u30c1\u30e5\u30fc\u30a4\u30fc\u793e\u306f\u3001\u751f\u9bae\u98df\u54c1\u3068\u8abf\u7406\u6e08\u307f\u98df\u54c1\u306e\u30ab\u30c6\u30b4\u30ea\u30fc\u3067\u30ea\u30fc\u30c0\u30fc\u3068\u3057\u3066\u306e\u5730\u4f4d\u3092\u78ba\u7acb\u3059\u308b\u3053\u3068\u306b\u5f15\u304d\u7d9a\u304d\u6ce8\u529b\u3057\u3066\u3044\u307e\u3059\u3002\u30d7\u30ec\u30df\u30a2\u30e0\u30fb\u30d5\u30ec\u30c3\u30b7\u30e5\u30d5\u30fc\u30c9\u3092\u6c42\u3081\u308b\u30da\u30c3\u30c8\u30da\u30a2\u30ec\u30f3\u30c4\u304c\u5897\u3048\u308b\u4e2d\u3001TAM\u306f\u73fe\u5728\u306e\u7d0410\u5104\u30c9\u30eb\u304b\u30892025\u5e74\u306b\u306f\u7d0430\u5104\u30c9\u30eb\u306b\u6210\u9577\u3059\u308b\u3068\u4e88\u60f3\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n

\u3053\u306e\u3088\u3046\u306a\u80cc\u666f\u306e\u3082\u3068\u3001\u5f53\u793e\u306f\u751f\u9bae\u30fb\u8abf\u7406\u98df\u54c1\u306e\u54c1\u63c3\u3048\u3092\u62e1\u5145\u3057\u3001\u540c\u30ab\u30c6\u30b4\u30ea\u30fc\u306e\u30ea\u30fc\u30c7\u30a3\u30f3\u30b0\u30b5\u30d7\u30e9\u30a4\u30e4\u30fc\u3067\u3042\u308bJustFoodForDogs\u793e\u306e\u4eba\u9593\u7528\u751f\u9bae\u98df\u54c1\u306e\u30d5\u30eb\u30e9\u30a4\u30f3\u30ca\u30c3\u30d7\u3092\u63d0\u4f9b\u3059\u308b\u3053\u3068\u3068\u306a\u308a\u307e\u3057\u305f\u3002JustFoodForDogs\u304c\u52a0\u308f\u3063\u305f\u3053\u3068\u3067\u3001\u5f53\u793e\u306e\u65e2\u5b58\u306eFreshpet\u3068\u306e\u95a2\u4fc2\u3084Tylee’s\u30d6\u30e9\u30f3\u30c9\u3068\u5408\u308f\u305b\u3066\u3001\u65b0\u9bae\u306a\u30ab\u30c6\u30b4\u30ea\u30fc\u306e\u98df\u4e8b\u3001\u30df\u30ad\u30b5\u30fc\u3001\u304a\u3084\u3064\u306a\u3069\u5e45\u5e83\u3044\u54c1\u63c3\u3048\u3092\u63d0\u4f9b\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u3088\u3046\u306b\u306a\u308a\u307e\u3057\u305f\u3002\u3053\u306e\u5e45\u5e83\u3044\u54c1\u63c3\u3048\u3068\u3001\u304a\u5ba2\u69d8\u304b\u3089\u306e\u4fe1\u983c\u3001\u5dee\u5225\u5316\u3055\u308c\u305f\u30ab\u30b9\u30bf\u30de\u30fc\u30b5\u30fc\u30d3\u30b9\u306b\u3088\u308b\u6559\u80b2\u3001\u4e16\u754c\u30af\u30e9\u30b9\u306e\u30d5\u30eb\u30d5\u30a3\u30eb\u30e1\u30f3\u30c8\u30cd\u30c3\u30c8\u30ef\u30fc\u30af\u306b\u3088\u308b\u78ba\u5b9f\u306a\u914d\u9001\u306f\u3001\u5f53\u793e\u304c\u751f\u9bae\u98df\u54c1\u3068\u8abf\u7406\u6e08\u307f\u98df\u54c1\u306eNo.1\u8ca9\u58f2\u5e97\u306b\u306a\u308b\u305f\u3081\u306b\u6709\u5229\u306b\u50cd\u304f\u3068\u78ba\u4fe1\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n

\u6b21\u306b\u3001\u30c1\u30e5\u30fc\u30a4\u30fc\u30d8\u30eb\u30b9\u793e\u3078\u306e\u79fb\u884c\u306b\u3064\u3044\u3066\u3067\u3059\u3002Chewy Health\u300d\u30d6\u30e9\u30f3\u30c9\u306e\u4e8b\u696d\u306f\u3001\u5f15\u304d\u7d9a\u304d\u5e02\u5834\u30b7\u30a7\u30a2\u3092\u62e1\u5927\u3057\u3066\u3044\u307e\u3059\u3002\u7b2c4\u56db\u534a\u671f\u306eChewy Pharmacy\u306e\u58f2\u4e0a\u306f75\uff05\u5897\u52a0\u3057\u3001\u3053\u306e\u6210\u9577\u306e\u307b\u307c\u3059\u3079\u3066\u304c\u3001\u5f53\u793e\u304c\u6240\u6709\u30fb\u904b\u55b6\u3059\u308b3\u3064\u306e\u85ac\u5c40\u3067\u884c\u308f\u308c\u3066\u3044\u307e\u3059\u30022\u5e74\u9593\u306e\u7d2f\u8a08\u3067\u306f\u3001Chewy Pharmacy\u306e\u58f2\u4e0a\u306f3\u500d\u4ee5\u4e0a\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n

\u30c1\u30e5\u30fc\u30a4\u30fc\u30d8\u30eb\u30b9\u793e\u306f\u3001\u85ac\u5c40\u4e8b\u696d\u3067\u78ba\u7acb\u3057\u305f\u52e2\u3044\u306b\u52a0\u3048\u3001\u30da\u30c3\u30c8\u306e\u5065\u5eb7\u3068\u30a6\u30a7\u30eb\u30cd\u30b9\u306e\u9818\u57df\u3067\u65b0\u88fd\u54c1\u3084\u30b5\u30fc\u30d3\u30b9\u3092\u767a\u58f2\u3057\u3001350\u5104\u30c9\u30eb\u898f\u6a21\u306e\u30da\u30c3\u30c8\u30d8\u30eb\u30b9\u30b1\u30a2\u5e02\u5834\u3078\u306e\u6d78\u900f\u3092\u56f3\u308b\u3053\u3068\u306b\u5f15\u304d\u7d9a\u304d\u6ce8\u529b\u3057\u3066\u3044\u307e\u3059\u30021 \u6708\u306b\u306f\u3001Practice Hub \u306e\u5c55\u958b\u3092\u62e1\u5927\u3057\u3001\u73fe\u5728\u3067\u306f\u5168\u56fd\u306e\u8a3a\u7642\u6240\u3067\u5229\u7528\u3067\u304d\u308b\u3088\u3046\u306b\u306a\u308a\u307e\u3057\u305f\u3002\u3061\u306a\u307f\u306b\u3001Practice Hub\u306f\u5f53\u793e\u306e\u7363\u533b\u5e2b\u5411\u3051B2B\u30bd\u30ea\u30e5\u30fc\u30b7\u30e7\u30f3\u3067\u3001Chewy.com\u306e\u30de\u30fc\u30b1\u30c3\u30c8\u30d7\u30ec\u30a4\u30b9\u8ca9\u58f2\u8005\u3068\u3057\u3066\u3001Chewy\u306e\u304a\u5ba2\u69d8\u304c\u4fe1\u983c\u3057\u3001\u6c17\u306b\u5165\u3063\u3066\u3044\u308b\u6bd4\u985e\u306e\u306a\u3044\u5229\u4fbf\u6027\u3068\u30ab\u30b9\u30bf\u30de\u30fc\u30b1\u30a2\u3092\u9867\u5ba2\u306b\u63d0\u4f9b\u3057\u3001\u53ce\u76ca\u3092\u4e0a\u3052\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002\u6570\u30f6\u6708\u524d\u306e2021\u5e74\u306b\u6700\u521d\u306e\u62db\u5f85\u306b\u53c2\u52a0\u3057\u305f50\u306e\u30af\u30ea\u30cb\u30c3\u30af\u304b\u3089\u3001\u72ec\u7acb\u3057\u305f\u8a3a\u7642\u6240\u3001\u5927\u898f\u6a21\u75c5\u9662\u3001\u8907\u6570\u30e6\u30cb\u30c3\u30c8\u306e\u52d5\u7269\u75c5\u9662\u30b0\u30eb\u30fc\u30d7\u3092\u542b\u3080300\u4ee5\u4e0a\u306e\u30af\u30ea\u30cb\u30c3\u30af\u306b\u62e1\u5927\u3057\u307e\u3057\u305f\u3002<\/p>\n

\u307e\u305f\u3001\u7363\u533b\u5e2b\u4f1a\u304b\u3089\u306e\u30d5\u30a3\u30fc\u30c9\u30d0\u30c3\u30af\u3082\u7a4d\u6975\u7684\u3067\u5b9f\u308a\u3042\u308b\u3082\u306e\u3067\u3057\u305f\u3002\u3055\u3089\u306b\u5b09\u3057\u3044\u3053\u3068\u306b\u3001\u6700\u8fd1\u3001Practice Hub\u3067\u5229\u7528\u3067\u304d\u308b\u88fd\u54c1\u306b\u8abf\u5264\u85ac\u5c40\u304c\u52a0\u308f\u308a\u307e\u3057\u305f\u3002\u3053\u308c\u306f\u3001\u8abf\u5264\u85ac\u5c40\u3092B2B\u3068\u3057\u3066\u63d0\u4f9b\u3059\u308b\u3053\u3068\u3067\u3001\u5f53\u521d\u306eB2C\u306e\u4f4d\u7f6e\u4ed8\u3051\u304b\u3089\u62e1\u5927\u3057\u3001\u7363\u533b\u306e\u30d1\u30fc\u30c8\u30ca\u30fc\u306bChewy\u3067\u53ce\u76ca\u3092\u5f97\u308b\u65b0\u305f\u306a\u6a5f\u4f1a\u3092\u63d0\u4f9b\u3059\u308b\u3053\u3068\u3092\u610f\u5473\u3057\u307e\u3059\u3002\u6700\u5f8c\u306b\u3001Chewy Health\u306e\u6700\u65b0\u60c5\u5831\u3068\u3057\u3066\u3001\u30da\u30c3\u30c8\u4fdd\u967a\u30d7\u30e9\u30f3\u3001\u30a6\u30a7\u30eb\u30cd\u30b9\u30fb\u4e88\u9632\u30d7\u30e9\u30f3\u306e\u63d0\u4f9b\u958b\u59cb\u304c\u8fd1\u3065\u3044\u3066\u3044\u308b\u3053\u3068\u3092\u304a\u77e5\u3089\u305b\u3057\u307e\u3059\u3002<\/p>\n

\u6bb5\u968e\u7684\u306a\u5c55\u958b\u304c\u9593\u3082\u306a\u304f\u59cb\u307e\u308a\u307e\u3059\u306e\u3067\u3001\u305d\u306e\u6642\u306b\u307e\u305f\u304a\u77e5\u3089\u305b\u3057\u305f\u3044\u3068\u601d\u3044\u307e\u3059\u3002\u3053\u308c\u3089\u306e\u30d7\u30e9\u30f3\u306f\u3001\u30da\u30c3\u30c8\u533b\u7642\u3092\u3088\u308a\u624b\u9803\u306a\u4fa1\u683c\u3067\u8ab0\u3082\u304c\u5229\u7528\u3067\u304d\u308b\u3088\u3046\u306b\u3059\u308b\u3068\u3044\u3046\u30c1\u30e5\u30fc\u30a4\u30fc\u30d8\u30eb\u30b9\u306e\u30df\u30c3\u30b7\u30e7\u30f3\u306b\u3068\u3063\u3066\u3001\u65b0\u305f\u306a\u4e00\u6b69\u3068\u306a\u308b\u3067\u3057\u3087\u3046\u3002Chewy Health\u306e\u5148\u306b\u306f\u30012023\u5e74\u306e\u30ed\u30fc\u30f3\u30c1\u306b\u5411\u3051\u3066\u6e96\u5099\u3092\u9032\u3081\u3066\u3044\u308b2\u3064\u306e\u65b0\u30d3\u30b8\u30cd\u30b9\u304c\u3042\u308a\u307e\u3059\u306e\u3067\u3001\u305c\u3072\u7686\u3055\u3093\u3068\u5171\u6709\u3057\u305f\u3044\u3068\u601d\u3044\u307e\u3059\u30021\u3064\u76ee\u306f\u3001\u30ab\u30b9\u30bf\u30de\u30fc\u30fb\u30e1\u30f3\u30d0\u30fc\u30b7\u30c3\u30d7\u30fb\u30d7\u30ed\u30b0\u30e9\u30e0\u306eChewy Loyalty\u3067\u3059\u3002\u3053\u306e\u30d7\u30ed\u30b0\u30e9\u30e0\u3092\u901a\u3058\u3066\u3001\u304a\u5ba2\u69d8\u3078\u306e\u4fa1\u5024\u3092\u3055\u3089\u306b\u9ad8\u3081\u3001\u5897\u3048\u7d9a\u3051\u308b\u304a\u5ba2\u69d8\u306e\u30a8\u30f3\u30b2\u30fc\u30b8\u30e1\u30f3\u30c8\u3092\u5411\u4e0a\u3055\u305b\u3001\u30ab\u30c6\u30b4\u30ea\u30fc\u3084\u30b5\u30fc\u30d3\u30b9\u9593\u3067\u306e\u304a\u5ba2\u69d8\u306e\u30b7\u30a7\u30a2\u30fb\u30aa\u30d6\u30fb\u30a6\u30a9\u30ec\u30c3\u30c8\u306e\u7d71\u5408\u3092\u52a0\u901f\u3055\u305b\u308b\u4e88\u5b9a\u3067\u3059\u3002<\/p>\n

2023\u5e74\u306b\u958b\u59cb\u3059\u308b\u7b2c\u4e8c\u5f3e\u306f\u3001Chewy.com\u306e\u30b9\u30dd\u30f3\u30b5\u30fc\u5e83\u544a\u3067\u3059\u3002\u3053\u308c\u306b\u3088\u308a\u3001\u30b5\u30d7\u30e9\u30a4\u30e4\u30fc\u306f\u3001\u5f53\u793e\u306e\u3059\u3079\u3066\u306e\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u306b\u304a\u3044\u3066\u30012100\u4e07\u4eba\u306e\u30a2\u30af\u30c6\u30a3\u30d6\u306a\u9867\u5ba2\u306b\u5bfe\u3057\u3066\u30b7\u30fc\u30e0\u30ec\u30b9\u306b\u5e83\u544a\u3092\u51fa\u3059\u3053\u3068\u304c\u3067\u304d\u308b\u3088\u3046\u306b\u306a\u308a\u307e\u3059\u3002\u5f53\u793e\u306f\u9577\u5e74\u306b\u308f\u305f\u308a\u30aa\u30fc\u30c0\u30fc\u30e1\u30a4\u30c9\u306e\u5e83\u544a\u3092\u4f5c\u6210\u3057\u3066\u304d\u307e\u3057\u305f\u304c\u3001Chewy\u306e\u30b9\u30dd\u30f3\u30b5\u30fc\u4ed8\u304d\u5e83\u544a\u306b\u3088\u308a\u3001\u3053\u308c\u3089\u306e\u53d6\u308a\u7d44\u307f\u3092\u6587\u8108\u306b\u6cbf\u3063\u305f\u5e83\u544a\u306b\u62e1\u5927\u3057\u3001\u304a\u5ba2\u69d8\u306b\u95a2\u9023\u6027\u306e\u9ad8\u3044\u88fd\u54c1\u3092\u63d0\u4f9b\u3059\u308b\u3068\u3068\u3082\u306b\u3001\u5f53\u793e\u306e\u30d3\u30b8\u30cd\u30b9\u306b\u5229\u76ca\u7387\u306e\u9ad8\u3044\u53ce\u76ca\u3092\u3082\u305f\u3089\u3059\u3053\u3068\u304c\u3067\u304d\u308b\u3088\u3046\u306b\u306a\u308a\u307e\u3059\u3002\u30b5\u30d7\u30e9\u30a4\u30e4\u30fc\u306f\u3001\u7c73\u56fd\u6700\u5927\u306e\u30da\u30c3\u30c8e\u30b3\u30de\u30fc\u30b9\u691c\u7d22\u30a8\u30f3\u30b8\u30f3\u306e1\u3064\u3067\u3042\u308bChewy.com\u306b\u304a\u3044\u3066\u3001\u8010\u4e45\u6027\u306e\u3042\u308b\u30d7\u30e9\u30a4\u30d0\u30b7\u30fc\u30bb\u30fc\u30d5\u306e\u74b0\u5883\u3067\u5e83\u544a\u3092\u51fa\u3059\u65b9\u6cd5\u3092\u6c42\u3081\u3066\u3044\u307e\u3059\u3002\u6700\u5f8c\u306b\u3001\u300c\u4e16\u754c\u4e2d\u306e\u30da\u30c3\u30c8\u30da\u30a2\u30ec\u30f3\u30c4\u3068\u30d1\u30fc\u30c8\u30ca\u30fc\u306b\u3068\u3063\u3066\u3001\u6700\u3082\u4fe1\u983c\u3067\u304d\u3001\u4fbf\u5229\u306a\u30c7\u30b9\u30c6\u30a3\u30cd\u30fc\u30b7\u30e7\u30f3\u306b\u306a\u308b\u300d\u3068\u3044\u3046\u30df\u30c3\u30b7\u30e7\u30f3\u306e\u9054\u6210\u306b\u5c3d\u529b\u3057\u3066\u3044\u308b\u30c1\u30e5\u30fc \u30c8\u30d4\u30a2\u30f3\u4e00\u4eba\u3072\u3068\u308a\u306e\u5fc3\u69cb\u3048\u3092\u7d39\u4ecb\u3055\u305b\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n

\u79c1\u305f\u3061\u4e00\u4eba\u3072\u3068\u308a\u304c\u3001\u73fe\u5728\u306e\u4e0d\u5b89\u5b9a\u306a\u72b6\u6cc1\u3092\u4e57\u308a\u8d8a\u3048\u3001\u5c06\u6765\u3092\u898b\u636e\u3048\u3066\u3044\u307e\u3059\u3002\u305d\u308c\u306f\u3001\u30da\u30c3\u30c8\u306e\u98fc\u80b2\u982d\u6570\u306e\u5897\u52a0\u3084\u30aa\u30f3\u30e9\u30a4\u30f3\u3067\u306e\u666e\u53ca\u7387\u306e\u5411\u4e0a\u3068\u3044\u3046\u9577\u671f\u7684\u306a\u30c8\u30ec\u30f3\u30c9\u304c\u3001\u30d1\u30f3\u30c7\u30df\u30c3\u30af\u3084\u305d\u306e\u4f59\u6ce2\u306b\u3088\u308b\u6df7\u4e71\u3088\u308a\u3082\u9577\u7d9a\u304d\u3059\u308b\u3068\u3044\u3046\u78ba\u4fe1\u304c\u3042\u308b\u304b\u3089\u3067\u3059\u3002Chewy\u306e\u30d0\u30ea\u30e5\u30fc\u30fb\u30d7\u30ed\u30dd\u30b8\u30b7\u30e7\u30f3\u306f\u3001\u3053\u308c\u307e\u3067\u3068\u540c\u69d8\u306b\u9b45\u529b\u7684\u3067\u3059\u3002\u3055\u3089\u306b\u3001\u5f53\u793e\u306e\u9577\u671f\u7684\u306a\u6226\u7565\u3068\u3001\u304a\u5ba2\u69d8\u3092\u60f9\u304d\u3064\u3051\u3001\u30ed\u30a4\u30e4\u30ea\u30c6\u30a3\u3092\u9ad8\u3081\u3001\u30a8\u30f3\u30b2\u30fc\u30b8\u30e1\u30f3\u30c8\u3092\u4fc3\u9032\u3057\u3001\u3088\u308a\u5927\u304d\u306a\u30b7\u30a7\u30a2\u30fb\u30aa\u30d6\u30fb\u30a6\u30a9\u30ec\u30c3\u30c8\u3092\u7372\u5f97\u3059\u308b\u80fd\u529b\u3082\u3001\u5f15\u304d\u7d9a\u304d\u7dad\u6301\u3055\u308c\u3066\u3044\u307e\u3059\u30022022\u5e74\u306e\u5b9f\u884c\u30682023\u5e74\u4ee5\u964d\u306e\u8a08\u753b\u3092\u7acb\u3066\u308b\u306b\u3042\u305f\u308a\u3001\u79c1\u305f\u3061\u306f\u76ee\u306e\u524d\u306b\u3042\u308b\u9577\u671f\u7684\u306a\u6210\u9577\u6a5f\u4f1a\u306b\u3064\u3044\u3066\u3001\u3053\u308c\u307e\u3067\u3068\u540c\u69d8\u3001\u697d\u89b3\u7684\u306b\u8003\u3048\u3066\u3044\u307e\u3059\u3002<\/p>\n

\u305d\u308c\u3067\u306f\u3001\u30de\u30ea\u30aa\u306b\u96fb\u8a71\u3092\u304a\u5207\u308a\u3057\u307e\u3059\u3002<\/p>\n

\u30de\u30ea\u30aa\u30fb\u30de\u30eb\u30c6 — \u30c1\u30fc\u30d5\u30fb\u30d5\u30a1\u30a4\u30ca\u30f3\u30b7\u30e3\u30eb\u30fb\u30aa\u30d5\u30a3\u30b5\u30fc<\/p>\n

\u30b9\u30df\u30c3\u3055\u3093\u3001\u672c\u65e5\u306f\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u7b2c4\u56db\u534a\u671f\u306e\u58f2\u4e0a\u9ad8\u306f23\u51049,000\u4e07\u30c9\u30eb\u3067\u3001\u524d\u5e74\u540c\u671f\u6bd416.9\uff05\u306e\u5897\u52a0\u3068\u306a\u308a\u307e\u3057\u305f\u30022\u5e74\u9593\u306e\u7d2f\u8a08\u3067\u306f\u3001\u7b2c4\u56db\u534a\u671f\u306e\u58f2\u4e0a\u9ad8\u306f10\u5104\u30c9\u30eb\u4ee5\u4e0a\u5897\u52a0\u3057\u30012021\u5e74\u5ea6\u306e\u3069\u306e\u56db\u534a\u671f\u3088\u308a\u30822\u5e74\u9593\u306e\u5897\u52a0\u5e45\u304c\u5927\u304d\u304f\u306a\u308a\u307e\u3057\u305f\u3002\u901a\u671f\u3067\u306f\u3001\u58f2\u4e0a\u9ad8\u306f24.4\uff05\u5897\u306e88\u51049,000\u4e07\u30c9\u30eb\u3068\u306a\u308a\u307e\u3057\u305f\u3002<\/p>\n

2\u5e74\u9593\u306e\u30b9\u30bf\u30c3\u30af\u30d9\u30fc\u30b9\u3067\u306f\u3001\u901a\u5e74\u306e\u7d14\u58f2\u4e0a\u9ad8\u306f40\u5104\u30c9\u30eb\u4ee5\u4e0a\u300183\uff05\u5897\u52a0\u3057\u307e\u3057\u305f\u3002\u30aa\u30fc\u30c8\u30b7\u30c3\u30d7\u306f\u3001\u30d7\u30ed\u30b0\u30e9\u30e0\u306e\u4fa1\u5024\u63d0\u6848\u304c\u5f15\u304d\u7d9a\u304d\u304a\u5ba2\u69d8\u306b\u5171\u611f\u3055\u308c\u30012021\u5e74\u5ea6\u3092\u597d\u8abf\u306b\u7d42\u3048\u307e\u3057\u305f\u3002\u7b2c4\u56db\u534a\u671f\u306e\u30aa\u30fc\u30c8\u30b7\u30c3\u30d7\u306e\u9867\u5ba2\u58f2\u4e0a\u9ad8\u306f21.2\uff05\u5897\u306e16\u51049000\u4e07\u30c9\u30eb\u3067\u3001\u5168\u4f53\u306e\u58f2\u4e0a\u9ad8\u306e\u5897\u52a0\u30da\u30fc\u30b9\u3092\u4e0a\u56de\u308a\u307e\u3057\u305f\u30022\u5e74\u9593\u306e\u7d2f\u8a08\u3067\u306f\u3001\u7b2c4\u56db\u534a\u671f\u306e\u30aa\u30fc\u30c8\u30b7\u30c3\u30d7\u9867\u5ba2\u58f2\u4e0a\u9ad8\u306f77\uff05\u5897\u3068\u306a\u308a\u307e\u3057\u305f\u3002<\/p>\n

\u58f2\u4e0a\u9ad8\u306b\u5360\u3081\u308b\u30aa\u30fc\u30c8\u30b7\u30c3\u30d7\u9867\u5ba2\u58f2\u4e0a\u9ad8\u306e\u5272\u5408\u306f\u3001\u7b2c4\u56db\u534a\u671f\u306b70.7%\u3068\u904e\u53bb\u6700\u9ad8\u3092\u8a18\u9332\u3057\u3001\u30aa\u30fc\u30c8\u30b7\u30c3\u30d7\u9867\u5ba2\u58f2\u4e0a\u9ad8\u306f\u5e74\u738768\u5104\u30c9\u30eb\u306e\u30da\u30fc\u30b9\u3067\u7b2c4\u56db\u534a\u671f\u3092\u7d42\u3048\u3001\u3053\u308c\u306f2020\u5e74\u306b\u5831\u544a\u3057\u305f\u7dcf\u58f2\u4e0a\u9ad8\u306e\u6c34\u6e96\u3068\u307b\u307c\u7b49\u3057\u3044\u3082\u306e\u3067\u3059\u3002\u7b2c4\u56db\u534a\u671f\u306eNSPAC\u306f15.6\uff05\u5897\u306e430\u30c9\u30eb\u3068\u306a\u308a\u3001\u304a\u5ba2\u69d8\u306e\u652f\u51fa\u306f\u597d\u8abf\u3092\u7dad\u6301\u3057\u307e\u3057\u305f\u3002\u3053\u308c\u306f\u30012\u5e74\u524d\u306eNSPAC\u304c360\u30c9\u30eb\u3067\u3042\u3063\u305f\u3068\u304d\u306b\u6bd4\u3079\u306670\u30c9\u30eb\u306e\u5897\u52a0\u3067\u3042\u308a\u3001\u30c1\u30e5\u30fc\u30a4\u30fc\u3068\u306e\u95a2\u4fc2\u304c\u9577\u671f\u306b\u308f\u305f\u3063\u3066\u6210\u719f\u3059\u308b\u306b\u3064\u308c\u3066\u3001\u304a\u5ba2\u69d8\u304b\u3089\u3088\u308a\u591a\u304f\u306e\u8ca1\u5e03\u30b7\u30a7\u30a2\u3092\u7372\u5f97\u3059\u308b\u80fd\u529b\u304c\u7d99\u7d9a\u3057\u3066\u3044\u308b\u3053\u3068\u3092\u793a\u3059\u3082\u306e\u3067\u3059\u3002\u5f53\u5e74\u5ea6\u306e\u6709\u52b9\u9867\u5ba2\u6570\u306f 2,070 \u4e07\u4eba\u3067\u3001\u524d\u5e74\u5ea6\u6bd4 150 \u4e07\u4eba\uff087.6%\uff09\u306e\u5897\u52a0\u3068\u306a\u308a\u307e\u3057\u305f\u3002<\/p>\n

\u307e\u305f\u3001\u9867\u5ba2\u57fa\u76e4\u306f\u5f15\u304d\u7d9a\u304d\u62e1\u5927\u3057\u307e\u3057\u305f\u304c\u30012020\u5e74\u7b2c4\u56db\u534a\u671f\u306e\u30b3\u30db\u30fc\u30c8\u306e\u7d99\u7d9a\u7387\u304c\u4f4e\u4e0b\u3057\u305f\u305f\u3081\u3001\u6b63\u5473\u306e\u6709\u52b9\u9867\u5ba2\u6570\u306f\u5f53\u793e\u306e\u4e88\u60f3\u3092\u4e0b\u56de\u308a\u307e\u3057\u305f\u3002\u3053\u306e\u3088\u3046\u306a\u7d99\u7d9a\u7387\u306e\u4f4e\u4e0b\u306f\u3001\u3044\u304f\u3064\u304b\u306e\u8981\u56e0\u3092\u53cd\u6620\u3057\u3066\u3044\u308b\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u30021\u3064\u76ee\u306f\u3001COVID\u611f\u67d3\u306e\u7b2c2\u5927\u6ce2\u3068\u7b2c2\u6b21\u523a\u6fc0\u306e\u5230\u6765\u304c\u3068\u3082\u306b2020\u5e74\u7b2c4\u56db\u534a\u671f\u306b\u767a\u751f\u3057\u305f\u305f\u3081\u3001\u30bf\u30a4\u30df\u30f3\u30b0\u306b\u95a2\u9023\u3057\u305f\u3082\u306e\u3067\u3059\u3002\u3053\u308c\u306b\u3088\u308a\u3001\u4e00\u56de\u9650\u308a\u306e\u53d6\u5f15\u304c\u591a\u304f\u306a\u308a\u3001\u30cf\u30fc\u30c9\u30b0\u30c3\u30ba\u306e\u3088\u3046\u306a\u6b74\u53f2\u7684\u306b\u5b9a\u7740\u7387\u306e\u4f4e\u4e0b\u3068\u76f8\u95a2\u304c\u3042\u308b\u5206\u91ce\u3067\u306f\u3001\u3088\u308a\u88c1\u91cf\u7684\u306a\u521d\u56de\u8cfc\u5165\u304c\u591a\u304f\u306a\u308a\u307e\u3057\u305f\u3002<\/p>\n

\u3053\u308c\u3089\u306e\u30bf\u30a4\u30df\u30f3\u30b0\u8981\u56e0\u306e\u5f71\u97ff\u306f\u30012020\u5e74\u7b2c4\u56db\u534a\u671f\u306e\u30b3\u30db\u30fc\u30c8\u306e\u7d76\u5bfe\u7684\u306a\u898f\u6a21\u304c\u3001\u4eca\u5e741\uff5e3\u56db\u534a\u671f\u306e\u5e73\u5747\u30b3\u30db\u30fc\u30c8\u898f\u6a21\u3088\u308a5\uff05\u5927\u304d\u304f\u30012019\u5e74\u7b2c4\u56db\u534a\u671f\u306e\u30b3\u30db\u30fc\u30c8\u3088\u308a40\uff05\u8fd1\u304f\u5927\u304d\u3044\u3053\u3068\u306b\u3088\u3063\u3066\u3001\u3055\u3089\u306b\u5927\u304d\u304f\u306a\u3063\u305f\u3002\u8ca1\u52d9\u306e\u4e0b\u306b\u79fb\u52d5\u3057\u307e\u3059\u3002\u7b2c4\u56db\u534a\u671f\u306e\u58f2\u4e0a\u7dcf\u5229\u76ca\u7387\u306f170\u30d9\u30fc\u30b7\u30b9\u30dd\u30a4\u30f3\u30c8\u6e1b\u5c11\u3057\u300125.4\uff05\u3068\u306a\u308a\u307e\u3057\u305f\u3002\u524d\u5e74\u540c\u671f\u6bd4\u306e\u5909\u52d5\u306f\u3001\u4e3b\u306b\u4fa1\u683c\u3001\u30a4\u30f3\u30d5\u30ec\u3001\u30a4\u30f3\u30d0\u30a6\u30f3\u30c9\u8ca8\u7269\u306b\u8d77\u56e0\u3059\u308b\u3082\u306e\u3067\u3059\u304c\u3001\u3053\u308c\u306b\u3064\u3044\u3066\u306f\u5c11\u3057\u8a73\u3057\u304f\u8aac\u660e\u3057\u307e\u3059\u3002<\/p>\n

2021\u5e74\u901a\u671f\u306e\u58f2\u4e0a\u7dcf\u5229\u76ca\u7387\u306f120\u30d9\u30fc\u30b7\u30b9\u30dd\u30a4\u30f3\u30c8\u5897\u306e26.7\uff05\u3068\u306a\u308a\u3001\u901a\u671f\u3067\u904e\u53bb\u6700\u9ad8\u3092\u66f4\u65b0\u3057\u307e\u3057\u305f\u3002\u4e0b\u671f\u306e\u30a4\u30f3\u30d5\u30ec\u3068\u904b\u8cc3\u306e\u9006\u98a8\u304c\u901a\u5e74\u306e\u30de\u30fc\u30b8\u30f3\u62e1\u5927\u3092\u6291\u5236\u3057\u307e\u3057\u305f\u304c\u30012021\u5e74\u306b\u5897\u5206\u304b\u3064\u7de9\u3084\u304b\u306a\u30de\u30fc\u30b8\u30f3\u62e1\u5927\u3092\u5b9f\u73fe\u3059\u308b\u3068\u3044\u3046\u8868\u660e\u3057\u305f\u76ee\u6a19\u306e\u9054\u6210\u3092\u59a8\u3052\u308b\u3082\u306e\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u305d\u308c\u3067\u306f\u3001\u7b2c4\u56db\u534a\u671f\u306e\u58f2\u4e0a\u7dcf\u5229\u76ca\u7387\u306b\u5f71\u97ff\u3092\u4e0e\u3048\u305f\u69d8\u3005\u306a\u8981\u56e0\u306b\u3064\u3044\u3066\u8a73\u3057\u304f\u8aac\u660e\u3057\u3001\u3053\u308c\u3089\u306e\u8981\u56e0\u304c2022\u5e74\u306e\u58f2\u4e0a\u7dcf\u5229\u76ca\u7387\u306b\u3069\u306e\u3088\u3046\u306b\u5f71\u97ff\u3059\u308b\u3068\u8003\u3048\u3066\u3044\u308b\u304b\u3001\u3088\u308a\u5177\u4f53\u7684\u306b\u8aac\u660e\u3057\u307e\u3059\u3002\u88fd\u54c1\u30b3\u30b9\u30c8\u306e\u30a4\u30f3\u30d5\u30ec\u306f\u3001\u7b2c4\u56db\u534a\u671f\u306e\u58f2\u4e0a\u7dcf\u5229\u76ca\u7387\u306e\u6700\u5927\u306e\u9006\u98a8\u3068\u306a\u308a\u307e\u3057\u305f\u3002<\/p>\n

12\u6708\u306e\u96fb\u8a71\u4f1a\u8b70\u3067\u304a\u4f1d\u3048\u3057\u305f\u3088\u3046\u306b\u3001\u88fd\u54c1\u30b3\u30b9\u30c8\u306e\u4e0a\u6607\u3092\u53cd\u6620\u3057\u305f\u5e02\u5834\u4fa1\u683c\u306e\u8abf\u6574\u304c\u9045\u308c\u3066\u304a\u308a\u3001\u3053\u306e\u72b6\u6cc1\u306f\u7b2c4\u56db\u534a\u671f\u306e\u5927\u534a\u3067\u7d9a\u304d\u307e\u3057\u305f\u3002\u3053\u306e\u30ae\u30e3\u30c3\u30d7\u3092\u89e3\u6d88\u3059\u308b\u305f\u3081\u3001\u9700\u8981\u306e\u5f3e\u529b\u6027\u3092\u8003\u616e\u3057\u3064\u3064\u3001\u7a4d\u6975\u7684\u306b\u4fa1\u683c\u8abf\u6574\u3092\u884c\u3046\u8ffd\u52a0\u65bd\u7b56\u3092\u5404\u6240\u3067\u5b9f\u65bd\u3057\u307e\u3057\u305f\u3002\u3053\u308c\u3089\u306e\u65bd\u7b56\u306f\u7b2c 4 \u56db\u534a\u671f\u306e\u7d42\u308f\u308a\u9803\u304b\u3089\u6210\u679c\u3092\u3042\u3052\u59cb\u3081\u3001\u7b2c 1 \u56db\u534a\u671f\u306b\u5165\u3063\u3066\u3082\u7740\u5b9f \u306b\u9032\u5c55\u3057\u3066\u3044\u307e\u3059\u3002\u91cd\u8981\u306a\u3053\u3068\u306f\u3001\u5e02\u5834\u306b\u304a\u3051\u308b\u5f53\u793e\u306e\u7af6\u4e89\u529b\u3092\u7dad\u6301\u3057\u3001\u304a\u5ba2\u69d8\u304c\u30c1\u30e5\u30fc\u30a4\u30fc\u306b\u671f\u5f85\u3059\u308b\u5f37\u529b\u306a\u4fa1\u5024\u63d0\u6848\u3092\u7dad\u6301\u3057\u306a\u304c\u3089\u3001\u3053\u308c\u3089\u306e\u65bd\u7b56\u3092\u5b9f\u884c\u3067\u304d\u305f\u3053\u3068\u3067\u3059\u3002<\/p>\n

\u307e\u305f\u30012021\u5e74\u5f8c\u534a\u306b\u306f\u3001\u6df7\u96d1\u4e0d\u826f\u3084\u30b9\u30dd\u30c3\u30c8\u904b\u8cc3\u306e\u4e0a\u6607\u306b\u95a2\u9023\u3057\u305f\u30a4\u30f3\u30d0\u30a6\u30f3\u30c9\u306e\u904b\u8cc3\u30b3\u30b9\u30c8\u304c\u3001\u7c97\u5229\u76ca\u7387\u306e\u5727\u8feb\u8981\u56e0\u3068\u3057\u3066\u6d6e\u4e0a\u3057\u307e\u3057\u305f\u3002\u3053\u306e\u72b6\u6cc1\u306f\u7b2c3\u56db\u534a\u671f\u3068\u6bd4\u8f03\u3057\u3066\u7b2c4\u56db\u534a\u671f\u306b\u6539\u5584\u3055\u308c\u3001\u73fe\u5728\u3067\u306f\u3001\u3053\u308c\u306b\u3088\u308b\u30b3\u30b9\u30c8\u4e0a\u306e\u60aa\u5f71\u97ff\u306e\u307b\u3068\u3093\u3069\u306f\u3059\u3067\u306b\u5f53\u793e\u306e\u696d\u7e3e\u3092\u901a\u3058\u3066\u6d41\u308c\u3066\u3044\u308b\u3068\u8003\u3048\u3066\u304a\u308a\u3001\u7b2c1\u56db\u534a\u671f\u304a\u3088\u30732022\u5e74\u306e\u6b8b\u308a\u306e\u671f\u9593\u306b\u306f\u3001\u30a4\u30f3\u30d0\u30a6\u30f3\u30c9\u8ca8\u7269\u306b\u3088\u308b\u610f\u5473\u306e\u3042\u308b\u30de\u30fc\u30b8\u30f3\u5727\u529b\u306f\u767a\u751f\u3057\u306a\u3044\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002\u8f38\u9001\u9762\u3067\u306f\u3001\u30d5\u30a7\u30c7\u30c3\u30af\u30b9\u3068\u306e\u65b0\u305f\u306a\u8ca8\u7269\u8f38\u9001\u5951\u7d04\u304c\u7b2c4\u56db\u534a\u671f\u306e\u58f2\u4e0a\u7dcf\u5229\u76ca\u7387\u306b\u308f\u305a\u304b\u306a\u5f71\u97ff\u3092\u53ca\u307c\u3057\u305f\u3060\u3051\u3067\u3057\u305f\u3002\u30b9\u30df\u30c3\u30c8\u304c\u8b1b\u6f14\u3067\u8a73\u3057\u304f\u8aac\u660e\u3057\u305f\u3088\u3046\u306b\u3001\u7c97\u5229\u76ca\u7387\u306b\u5bfe\u3059\u308b\u77ed\u671f\u7684\u306a\u5727\u529b\u306f2021\u5e74\u7b2c4\u56db\u534a\u671f\u306b\u30d4\u30fc\u30af\u3092\u8fce\u3048\u305f\u3068\u601d\u308f\u308c\u30012022\u5e74\u7b2c1\u56db\u534a\u671f\u306b\u306f\u9806\u6b21\u6539\u5584\u304c\u898b\u3089\u308c\u308b\u3068\u601d\u308f\u308c\u307e\u3059\u3002<\/p>\n

\u4fa1\u683c\u3068\u30a4\u30f3\u30d5\u30ec\u306b\u3064\u3044\u3066\u306f\u9032\u5c55\u3057\u3066\u304a\u308a\u3001\u30a4\u30f3\u30d0\u30a6\u30f3\u30c9\u306e\u904b\u8cc3\u306f\u7de9\u3084\u304b\u306b\u306a\u308a\u3001\u30a2\u30a6\u30c8\u30d0\u30a6\u30f3\u30c9\u306e\u904b\u8cc3\u4e0a\u6607\u3092\u7de9\u548c\u3059\u308b\u305f\u3081\u306e\u3055\u307e\u3056\u307e\u306a\u53d6\u308a\u7d44\u307f\u304c\u884c\u308f\u308c\u3066\u3044\u307e\u3059\u3002\u3053\u308c\u3089\u306e\u5206\u91ce\u3067\u306e\u7d99\u7d9a\u7684\u306a\u9032\u5c55\u3068\u30c8\u30c3\u30d7\u30e9\u30a4\u30f3\u306e\u5805\u8abf\u306a\u6210\u9577\u306b\u3088\u308a\u30012022\u5e74\u306e\u58f2\u4e0a\u7dcf\u5229\u76ca\u7387\u306f2021\u5e74\u3068\u6bd4\u8f03\u3057\u3066\u307b\u307c\u6a2a\u3070\u3044\u306b\u306a\u308b\u3068\u4e88\u60f3\u3057\u3066\u3044\u307e\u3059\u3002\u8ca9\u58f2\u7ba1\u7406\u8cbb\u3068\u5e83\u544a\u30fb\u30de\u30fc\u30b1\u30c6\u30a3\u30f3\u30b0\u3092\u542b\u3080\u7b2c4\u56db\u534a\u671f\u306e\u55b6\u696d\u8cbb\u7528\u306f\u30012020\u5e74\u7b2c4\u56db\u534a\u671f\u306e26.1\uff05\u306b\u5bfe\u3057\u30016\u51046870\u4e07\u30c9\u30eb\u3001\u58f2\u4e0a\u9ad8\u6bd428\uff05\u3067\u3057\u305f\u3002190\u30d9\u30fc\u30b7\u30b9\u30dd\u30a4\u30f3\u30c8\u306e\u5897\u52a0\u306f\u3001\u8ca9\u58f2\u7ba1\u7406\u8cbb\u306b\u304a\u3051\u308b\u7d99\u7d9a\u7684\u306a\u52b4\u50cd\u5727\u529b\u306b\u3088\u308b\u3082\u306e\u3067\u3059\u304c\u3001\u5e83\u544a\u304a\u3088\u3073\u30de\u30fc\u30b1\u30c6\u30a3\u30f3\u30b0\u8cbb\u306b\u304a\u3051\u308b\u30d7\u30e9\u30b9\u306e\u55b6\u696d\u30ec\u30d0\u30ec\u30c3\u30b8\u3067\u76f8\u6bba\u3055\u308c\u307e\u3057\u305f\u3002<\/p>\n

2021\u5e74\u901a\u5e74\u3067\u306f\u3001\u55b6\u696d\u8cbb\u7528\u306f24\u51045000\u4e07\u30c9\u30eb\u3001\u58f2\u4e0a\u9ad8\u6bd427.5\uff05\u3068\u306a\u308a\u30012020\u5e74\u306e\u58f2\u4e0a\u9ad8\u6bd426.7\uff05\u304b\u308980\u30d9\u30fc\u30b7\u30b9\u30dd\u30a4\u30f3\u30c8\u5897\u52a0\u3057\u307e\u3057\u305f\u3002\u7b2c4\u56db\u534a\u671f\u306e\u8ca9\u7ba1\u8cbb\u306b\u3064\u3044\u3066\u3001\u3088\u308a\u8a73\u3057\u304f\u78ba\u8a8d\u3057\u307e\u3057\u3087\u3046\u3002\u5ff5\u306e\u305f\u3081\u7533\u3057\u4e0a\u3052\u307e\u3059\u304c\u3001\u5f53\u793e\u306eSG&A\u306b\u306f\u3001\u3059\u3079\u3066\u306e\u30d5\u30eb\u30d5\u30a3\u30eb\u30e1\u30f3\u30c8\u3001\u9867\u5ba2\u30b5\u30fc\u30d3\u30b9\u8cbb\u3001\u30af\u30ec\u30b8\u30c3\u30c8\u30ab\u30fc\u30c9\u51e6\u7406\u624b\u6570\u6599\u3001\u4f1a\u793e\u9593\u63a5\u8cbb\u3001\u682a\u5f0f\u5831\u916c\u304c\u542b\u307e\u308c\u3066\u3044\u307e\u3059\u3002\u7b2c4\u56db\u534a\u671f\u306eSG&A\u8cbb\u306f5\u51041650\u4e07\u30c9\u30eb\u3001\u58f2\u4e0a\u9ad8\u6bd421.6\uff05\u3067\u30012020\u5e74\u7b2c4\u56db\u534a\u671f\u306e18.7\uff05\u3068\u6bd4\u8f03\u3059\u308b\u3068\u3001\u305d\u306e\u5dee\u306f\u6b74\u7136\u3068\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n

2020 \u5e74\u7b2c 4 \u56db\u534a\u671f\u306e 1600 \u4e07\u30c9\u30eb\u306e\u7d0d\u7a0e\u6e96\u5099\u91d1\u89e3\u9664\u3067\u6b63\u5e38\u5316\u3057\u305f 210 \u30d9\u30fc\u30b7\u30b9\u30fb\u30dd\u30a4\u30f3\u30c8\u306e\u5897\u52a0\u306b\u306f\u3001\u4e3b\u306b 3 \u3064\u306e\u8981\u56e0\u304c\u5bc4\u4e0e\u3057\u3066\u3044\u307e\u3059\u3002\u3053\u306e\u3046\u3061\u6700\u5927\u306e\u3082\u306e\u306f\u30012021\u5e74\u3092\u901a\u3058\u3066\u8aac\u660e\u3057\u3066\u304d\u305f\u56db\u534a\u671f\u8cc3\u91d1\u7d66\u4ed8\u3068\u63a1\u7528\u8cbb\u7528\u306e\u5897\u52a03,000\u4e07\u30c9\u30eb\u3067\u3059\u3002\u307e\u305f\u3001\u30aa\u30df\u30af\u30ed\u30f3\u306e\u6025\u5897\u3067\u75c5\u6b20\u3059\u308b\u30d5\u30eb\u30d5\u30a3\u30eb\u30e1\u30f3\u30c8\u30bb\u30f3\u30bf\u30fc\u30e1\u30f3\u30d0\u30fc\u304c\u304b\u306a\u308a\u5897\u3048\u305f\u3053\u3068\u306b\u3088\u308b\u4eba\u4ef6\u8cbb\u306e\u5897\u984d\u3082\u767a\u751f\u3057\u307e\u3057\u305f\u3002\u3053\u308c\u3089\u3092\u5408\u308f\u305b\u308b\u3068\u3001\u5897\u52a0\u5206\u306e\u7d04140\u30d9\u30fc\u30b7\u30b9\u30dd\u30a4\u30f3\u30c8\u3092\u5360\u3081\u3066\u3044\u307e\u3059\u3002<\/p>\n

\u6b8b\u308a\u306f\u3001\u65b0\u898f\u4e8b\u696d\u3084\u6210\u9577\u6226\u7565\u306b\u5bfe\u3059\u308b\u5148\u884c\u6295\u8cc7\u306b\u3088\u308b\u3082\u306e\u3067\u3059\u3002\u3053\u308c\u3089\u306e\u6295\u8cc7\u306f\u30012022\u5e74\u306e\u51fa\u53e3\u306b\u5411\u3051\u3066\u898f\u6a21\u3092\u62e1\u5927\u3057\u59cb\u3081\u308b\u3068\u898b\u8fbc\u3093\u3067\u3044\u307e\u3059\u3002\u901a\u671f\u3067\u306f\u3001\u8ca9\u58f2\u7ba1\u7406\u8cbb\u306f 18.3 \u5104\u30c9\u30eb\u3001\u58f2\u4e0a\u9ad8\u306e 20.5\uff05\u3068\u306a\u308a\u3001\u524d\u5e74\u540c\u671f\u6bd4\u3067 90 \u30d9\u30fc\u30b7\u30b9\u30fb\u30dd\u30a4\u30f3\u30c8\u306e\u30c7\u30ec\u30d0\u30ec\u30c3\u30b8\u3068\u306a\u308a\u307e\u3057\u305f\u3002FC\u4eba\u4ef6\u8cbb\u306e\u4e0a\u6607\u30682020\u5e74\u306e\u6709\u5229\u306a\u7a0e\u9805\u76ee\u3092\u8abf\u6574\u3059\u308b\u3068\u30012021\u5e74\u306e\u8ca9\u58f2\u7ba1\u7406\u8cbb\u306f50\u30d9\u30fc\u30b7\u30b9\u30dd\u30a4\u30f3\u30c8\u306e\u30ec\u30d0\u30ec\u30c3\u30b8\u3092\u304b\u3051\u305f\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n

\u3053\u308c\u306f\u30012020\u5e74\u5f8c\u534a\u4ee5\u964d\u30013\u3064\u306e\u30d5\u30eb\u30d5\u30a3\u30eb\u30e1\u30f3\u30c8\u30bb\u30f3\u30bf\u30fc\u30011\u3064\u306e\u85ac\u5c40\u306e\u958b\u8a2d\u3001\u30b7\u30a2\u30c8\u30eb\u306e\u6700\u65b0\u30aa\u30d5\u30a3\u30b9\u3092\u542b\u3080\u672c\u793e\u30aa\u30d5\u30a3\u30b9\u306e\u62e1\u5927\u306a\u3069\u3001\u6210\u9577\u306b\u5411\u3051\u305f\u30a4\u30f3\u30d5\u30e9\u3078\u306e\u591a\u984d\u306e\u6295\u8cc7\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u3001\u9054\u6210\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3057\u305f\u3002\u3084\u304c\u3066\u30c8\u30c3\u30d7\u30e9\u30a4\u30f3\u306e\u6210\u9577\u304c\u3001\u30d5\u30eb\u30d5\u30a3\u30eb\u30e1\u30f3\u30c8\u3084\u30b3\u30fc\u30dd\u30ec\u30fc\u30c8\u30fb\u30a4\u30f3\u30d5\u30e9\u3001\u8ca9\u7ba1\u8cbb\u306e\u30ec\u30d0\u30ec\u30c3\u30b8\u306b\u81ea\u7136\u306b\u3064\u306a\u304c\u3063\u3066\u3044\u304f\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002\u6b21\u306b\u3001\u30de\u30fc\u30b1\u30c6\u30a3\u30f3\u30b0\u3067\u3059\u3002\u7b2c 4 \u56db\u534a\u671f\u306e\u5e83\u544a\u5ba3\u4f1d\u8cbb\u306f 1 \u5104 5,220 \u4e07\u30c9\u30eb\u3067\u3001\u58f2\u4e0a\u9ad8\u306e 6.4\uff05\u3092\u5360\u3081\u3001\u524d\u5e74\u540c\u671f\u6bd4\u3067 90 \u30d9\u30fc\u30b7\u30b9\u30fb\u30dd\u30a4\u30f3\u30c8\u5897\u52a0\u3057\u307e\u3057\u305f\u3002<\/p>\n

\u901a\u671f\u3067\u306f\u3001\u58f2\u4e0a\u9ad8\u306e7\uff05\u3092\u5360\u3081\u3001\u524d\u5e74\u6bd420\u30d9\u30fc\u30b7\u30b9\u30dd\u30a4\u30f3\u30c8\u306e\u5897\u52a0\u3068\u306a\u308a\u307e\u3057\u305f\u3002\u640d\u76ca\u8a08\u7b97\u66f8\u3092\u307e\u3068\u3081\u308b\u3068\u3001\u7b2c4\u56db\u534a\u671f\u306e\u7d14\u640d\u5931\u306f6360\u4e07\u30c9\u30eb\u3001\u7d14\u5229\u76ca\u7387\u306f\u30de\u30a4\u30ca\u30b92.7\uff05\u3068\u306a\u308a\u3001\u524d\u5e74\u540c\u671f\u6bd4\u3067370\u30d9\u30fc\u30b7\u30b9\u30dd\u30a4\u30f3\u30c8\u306e\u6e1b\u5c11\u3068\u306a\u308a\u307e\u3057\u305f\u30022021\u5e74\u901a\u671f\u306e\u7d14\u640d\u5931\u306f\u30012020\u5e74\u306e9,250\u4e07\u30c9\u30eb\u304b\u30897,380\u4e07\u30c9\u30eb\u306b\u6539\u5584\u3057\u3001\u30cd\u30c3\u30c8\u30de\u30fc\u30b8\u30f3\u306f\u30de\u30a4\u30ca\u30b90.8\uff05\u306850\u30d9\u30fc\u30b7\u30b9\u30dd\u30a4\u30f3\u30c8\u6539\u5584\u3057\u307e\u3057\u305f\u3002\u682a\u5f0f\u5831\u916c\u3092\u9664\u3044\u305f\u901a\u5e74\u306e\u7d14\u5229\u76ca\u306f\u3001\u6628\u5e74\u306e3,670\u4e07\u30c9\u30eb\u304b\u30891,150\u4e07\u30c9\u30eb\u3068\u306a\u308a\u3001\u682a\u5f0f\u5831\u916c\u3092\u9664\u3044\u305f\u30cd\u30c3\u30c8\u30de\u30fc\u30b8\u30f3\u306f40\u30d9\u30fc\u30b7\u30b9\u30dd\u30a4\u30f3\u30c8\u6e1b\u306e0.1%\u3068\u306a\u308a\u307e\u3057\u305f\u3002<\/p>\n

\u7b2c4\u56db\u534a\u671f\u306e\u8abf\u6574\u5f8cEBITDA\u306f\u30de\u30a4\u30ca\u30b92,810\u4e07\u30c9\u30eb\u3001\u8abf\u6574\u5f8cEBITDA\u30de\u30fc\u30b8\u30f3\u306f\u3001\u4e3b\u306b\u58f2\u4e0a\u7dcf\u5229\u76ca\u7387\u306e\u5727\u8feb\u3068\u4eba\u4ef6\u8cbb\u306e\u4e0a\u6607\u3092\u53cd\u6620\u3057\u3066420\u30d9\u30fc\u30b7\u30b9\u30dd\u30a4\u30f3\u30c8\u6e1b\u5c11\u3057\u3066\u30de\u30a4\u30ca\u30b91.2%\u3068\u306a\u308a\u307e\u3057\u305f\u3002\u901a\u671f\u306e\u8abf\u6574\u5f8cEBITDA\u306f2\u5e74\u9023\u7d9a\u306e\u30d7\u30e9\u30b9\u3092\u7dad\u6301\u3057\u30017,860\u4e07\u30c9\u30eb\u306b\u9054\u3057\u307e\u3057\u305f\u3002\u8abf\u6574\u5f8cEBITDA\u30de\u30fc\u30b8\u30f3\u306f\u524d\u5e74\u540c\u671f\u6bd430\u30d9\u30fc\u30b7\u30b9\u30dd\u30a4\u30f3\u30c8\u6e1b\u5c11\u3057\u30010.9\uff05\u3068\u306a\u308a\u307e\u3057\u305f\u3002\u9577\u3044\u76ee\u3067\u898b\u308b\u3068\u3001\u56db\u534a\u671f\u3054\u3068\u306b\u5909\u52d5\u306f\u3042\u308b\u3082\u306e\u306e\u3001\u904e\u53bb2\u5e74\u9593\u3067\u8abf\u6574\u5f8cEBITDA\u30de\u30fc\u30b8\u30f3\u306f260\u30d9\u30fc\u30b7\u30b9\u30dd\u30a4\u30f3\u30c8\u62e1\u5927\u3057\u3001\u8abf\u6574\u5f8cEBITDA\u306f\u30de\u30a4\u30ca\u30b9\u304b\u3089\u30d7\u30e9\u30b9\u306b\u8ee2\u3058\u307e\u3057\u305f\u3002<\/p>\n

\u6b21\u306b\u3001\u30d5\u30ea\u30fc\u30fb\u30ad\u30e3\u30c3\u30b7\u30e5\u30fb\u30d5\u30ed\u30fc\u306b\u3064\u3044\u3066\u3067\u3059\u3002\u7b2c4\u56db\u534a\u671f\u306e\u30d5\u30ea\u30fc\u30fb\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306f\u3001\u55b6\u696d\u6d3b\u52d5\u306b6,600\u4e07\u30c9\u30eb\u3001\u8cc7\u672c\u652f\u51fa\u306b4,750\u4e07\u30c9\u30eb\u4f7f\u7528\u3057\u305f\u7d50\u679c\u30011\u51041,340\u4e07\u30c9\u30eb\u306e\u30de\u30a4\u30ca\u30b9\u3068\u306a\u308a\u307e\u3057\u305f\u3002\u7b2c4\u56db\u534a\u671f\u306e\u55b6\u696d\u30ad\u30e3\u30c3\u30b7\u30e5\u304c\u30de\u30a4\u30ca\u30b9\u306b\u306a\u3063\u305f\u4e3b\u306a\u8981\u56e0\u306f\u3001\u7d14\u640d\u5931\u3068\u3001\u4f11\u6687\u306b\u5099\u3048\u3001\u30b5\u30d7\u30e9\u30a4\u30c1\u30a7\u30fc\u30f3\u306e\u6df7\u4e71\u304b\u3089\u4fdd\u8b77\u3059\u308b\u305f\u3081\u306b\u5e74\u9593\u3092\u901a\u3058\u3066\u7d041\u5104\u30c9\u30eb\u306e\u5728\u5eab\u3092\u5897\u3084\u3057\u305f\u3053\u3068\u306b\u95a2\u9023\u3059\u308b\u904b\u8ee2\u8cc7\u672c\u306e\u30de\u30a4\u30ca\u30b9\u5faa\u74b0\u3067\u3059\u3002\u5f53\u56db\u534a\u671f\u306e\u8a2d\u5099\u6295\u8cc7\u306f\u5f15\u304d\u7d9a\u304d\u6210\u9577\u5fd7\u5411\u3067\u3001\u30ab\u30f3\u30b6\u30b9\u30b7\u30c6\u30a3\u306b\u30aa\u30fc\u30d7\u30f3\u3057\u305f\u3070\u304b\u308a\u306e FC\u3001\u30da\u30f3\u30b7\u30eb\u30d0\u30cb\u30a2\u306b\u30aa\u30fc\u30d7\u30f3\u3057\u305f\u3070\u304b\u308a\u306e\u85ac\u5c40\u3001\u30ea\u30ce\u306b\u30aa\u30fc\u30d7\u30f3\u4e88\u5b9a\u306e FC\u3001IT \u30a4\u30f3\u30d5\u30e9\u3078\u306e\u7d99\u7d9a\u7684\u306a\u6295\u8cc7\u306a\u3069\u304c\u542b\u307e\u308c\u307e\u3059\u3002<\/p>\n

\u901a\u5e74\u3067\u306f\u3001\u7d04900\u4e07\u30c9\u30eb\u306e\u30d7\u30e9\u30b9\u306e\u30d5\u30ea\u30fc\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u3092\u751f\u307f\u51fa\u3057\u307e\u3057\u305f\u30022018\u5e74\u672b\u4ee5\u964d\u3001\u79c1\u305f\u3061\u306e\u63b2\u3052\u308b\u6210\u9577\u6226\u7565\u306b\u6cbf\u3063\u3066\u3001\u57fa\u672c\u7684\u306b\u30d5\u30ea\u30fc\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306f\u4e2d\u7acb\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002\u540c\u30583\u5e74\u9593\u3067\u3001\u7d14\u58f2\u4e0a\u9ad8\u3092150\uff05\u5897\u3084\u3057\u30015\u3064\u306e\u65b0\u3057\u3044FC\u3092\u7acb\u3061\u4e0a\u3052\u3001\u65b0\u3057\u3044\u85ac\u5c40\u3092\u958b\u8a2d\u3057\u3001\u4eba\u6750\u304c\u5bc6\u96c6\u3059\u308b2\u90fd\u5e02\u3067\u4f01\u696d\u306e\u524d\u4f8b\u3092\u62e1\u5927\u3057\u3001Chewy Health\u3084\u305d\u306e\u4ed6\u306e\u6210\u9577\u30a4\u30cb\u30b7\u30a2\u30c1\u30d6\u306b\u6709\u610f\u7fa9\u306a\u6295\u8cc7\u3092\u884c\u3044\u3001\u305d\u308c\u3067\u3082\u8abf\u6574\u5f8cEBITDA\u30de\u30fc\u30b8\u30f3\u3092740bp\u62e1\u5927\u3055\u305b\u307e\u3057\u305f\u3002\u7e70\u308a\u8fd4\u3057\u306b\u306a\u308a\u307e\u3059\u304c\u3001\u79c1\u305f\u3061\u306f\u7121\u501f\u91d1\u3067\u73fe\u91d1\u3092\u6d88\u8cbb\u3059\u308b\u3053\u3068\u306a\u304f\u3001\u3053\u308c\u3089\u3059\u3079\u3066\u3092\u6210\u3057\u9042\u3052\u307e\u3057\u305f\u3002<\/p>\n

\u30d0\u30e9\u30f3\u30b9\u30b7\u30fc\u30c8\u4e0a\u306e\u73fe\u91d1\u304a\u3088\u3073\u73fe\u91d1\u540c\u7b49\u7269\u306f6\u5104300\u4e07\u30c9\u30eb\u3067\u3001\u73fe\u91d1\u3068ABL\u306e\u5229\u7528\u53ef\u80fd\u984d\u3092\u5408\u308f\u305b\u308b\u3068\u3001\u5e74\u672b\u306e\u6d41\u52d5\u6027\u306f\u7d0411\u5104\u30c9\u30eb\u3068\u306a\u308a\u307e\u3057\u305f\u3002\u4ee5\u4e0a\u3067\u7b2c4\u56db\u534a\u671f\u304a\u3088\u30732021\u5e74\u306e\u7dcf\u62ec\u3092\u7d42\u308f\u308a\u307e\u3059\u3002\u305d\u308c\u3067\u306f\u6b21\u306b\u30012022\u5e74\u7b2c1\u56db\u534a\u671f\u304a\u3088\u3073\u901a\u5e74\u306e\u898b\u901a\u3057\u306b\u3064\u3044\u3066\u3054\u8aac\u660e\u3057\u307e\u3059\u3002\u5f53\u793e\u306e\u30d3\u30b8\u30cd\u30b9\u306e\u4e2d\u6838\u3068\u306a\u308b\u30d5\u30a1\u30f3\u30c0\u30e1\u30f3\u30bf\u30eb\u30ba\u306f\u4f9d\u7136\u3068\u3057\u3066\u5b89\u5b9a\u3057\u3066\u3044\u307e\u3059\u304c\u3001\u672c\u65e5\u3054\u8aac\u660e\u3057\u305f\u3088\u3046\u306a\u4e8b\u696d\u904b\u55b6\u3084\u30de\u30af\u30ed\u306e\u30af\u30ed\u30b9\u30ab\u30ec\u30f3\u30c8\u306b\u3088\u308a\u3001\u6b63\u78ba\u306a\u4e88\u6e2c\u306f\u3088\u308a\u56f0\u96e3\u306a\u3082\u306e\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n

\u3057\u304b\u3057\u3001\u4eca\u65e5\u3054\u8aac\u660e\u3057\u305f\u3088\u3046\u306a\u4e8b\u696d\u904b\u55b6\u3084\u30de\u30af\u30ed\u306e\u6f6e\u6d41\u306b\u3088\u3063\u3066\u3001\u6b63\u78ba\u306a\u898b\u901a\u3057\u3092\u7acb\u3066\u308b\u3053\u3068\u304c\u96e3\u3057\u304f\u306a\u3063\u3066\u3044\u307e\u3059\u3002\u7b2c1\u56db\u534a\u671f\u306e\u58f2\u4e0a\u9ad8\u306f\u3001\u524d\u5e74\u540c\u671f\u6bd412\uff05\uff5e14\uff05\u5897\u306e24\u5104\u7c73\u30c9\u30eb\uff5e24\u51043,000\u4e07\u7c73\u30c9\u30eb\u3068\u306a\u308b\u898b\u8fbc\u307f\u3067\u3059\u30022022\u5e74\u901a\u671f\u306e\u58f2\u4e0a\u9ad8\u306f102\u5104\u30c9\u30eb\u304b\u3089104\u5104\u30c9\u30eb\u3001\u524d\u5e74\u6bd4\u6210\u9577\u7387\u306f15%\u304b\u308917%\u3067\u3059\u3002\u305d\u3057\u3066\u30012022\u5e74\u901a\u5e74\u306e\u8abf\u6574\u5f8cEBITDA\u30de\u30fc\u30b8\u30f3\u306f\u30d6\u30ec\u30fc\u30af\u30a4\u30fc\u30d6\u30f3\u304b\u3089\u30d7\u30e9\u30b91\uff05\u306b\u306a\u308b\u3068\u4e88\u60f3\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n

2022\u5e74\u306b\u5411\u3051\u3066\u30e2\u30c7\u30eb\u3092\u66f4\u65b0\u3059\u308b\u969b\u306b\u3001\u4ed6\u306b\u7559\u610f\u3059\u3079\u304d\u70b9\u3092\u3044\u304f\u3064\u304b\u6319\u3052\u3066\u304a\u304d\u307e\u3059\u30022022\u5e74\u901a\u5e74\u306e\u8a2d\u5099\u6295\u8cc7\u984d\u306f\u58f2\u4e0a\u9ad8\u306e\u7d042.5%\u3068\u306a\u308a\u3001\u904e\u53bb\u306e\u76ee\u6a19\u5024\u3067\u3042\u308b1.5%\u304b\u30892%\u3092\u82e5\u5e72\u4e0a\u56de\u308a\u307e\u3059\u3002\u30d7\u30ed\u30b8\u30a7\u30af\u30c8\u306e\u30ea\u30fc\u30c9\u30bf\u30a4\u30e0\u304c\u9577\u3044\u305f\u3081\u3001\u4eca\u5f8c2\u5e74\u9593\u306eFC\u65b0\u898f\u8a2d\u5099\u6295\u8cc7\u984d\u306f2022\u5e74\u306b\u524d\u5012\u3057\u3067\u8a08\u4e0a\u3055\u308c\u307e\u3059\u3002\u3053\u308c\u306f\u30bf\u30a4\u30df\u30f3\u30b0\u306e\u554f\u984c\u3067\u3042\u308a\u30012022\u5e74\u30012023\u5e74\u306e\u8a2d\u5099\u6295\u8cc7\u984d\u306f\u58f2\u4e0a\u9ad8\u306e1.5%\u304b\u30892%\u3068\u3044\u3046\u901a\u5e38\u306e\u7bc4\u56f2\u306b\u53ce\u307e\u308b\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002<\/p>\n

\u6700\u5f8c\u306b\u30012022\u5e74\u901a\u5e74\u306e\u682a\u5f0f\u30d9\u30fc\u30b9\u306e\u5831\u916c\u306f\u7d041\u51047,000\u4e07\u30c9\u30eb\u3068\u306a\u308b\u898b\u8fbc\u307f\u3067\u3059\u3002\u30c1\u30e5\u30fc\u30a4\u30fc\u304c2020\u5e74\u306b\u7d4c\u9a13\u3057\u305f\u672a\u66fe\u6709\u306e\u6210\u9577\u306b\u52a0\u3048\u30012021\u5e74\u306b\u30c8\u30c3\u30d7\u30e9\u30a4\u30f3\u306e\u5927\u5e45\u306a\u6210\u9577\u3092\u5b9f\u73fe\u3057\u3001\u901a\u5e74\u306e\u7c97\u5229\u76ca\u7387\u3092\u62e1\u5927\u3057\u3001\u8abf\u6574\u5f8cEBITDA\u3092\u6210\u9577\u3055\u305b\u308b\u3053\u3068\u304c\u3067\u304d\u305f\u3053\u3068\u306f\u3001\u30da\u30c3\u30c8\u30ab\u30c6\u30b4\u30ea\u30fc\u306e\u8010\u4e45\u6027\u3068\u6025\u901f\u306b\u9032\u5316\u3059\u308b\u30de\u30af\u30ed\u6761\u4ef6\u306b\u76f4\u9762\u3057\u305f\u30c1\u30e5\u30fc\u30a4\u30fc\u306e\u5b9f\u884c\u80fd\u529b\u3092\u5f37\u304f\u8a3c\u660e\u3059\u308b\u3082\u306e\u3067\u3059\u3002\u4eca\u5f8c\u3001\u5f53\u793e\u306f\u9577\u671f\u7684\u306a\u6295\u8cc7\u3068\u3001\u9867\u5ba2\u57fa\u76e4\u306e\u62e1\u5927\u3001\u9867\u5ba2\u30b7\u30a7\u30a2\u306e\u62e1\u5927\u3001\u5e02\u5834\u30b7\u30a7\u30a2\u306e\u62e1\u5927\u3068\u3044\u3046\u6226\u7565\u7684\u8a08\u753b\u306e\u5b9f\u884c\u306b\u5f15\u304d\u7d9a\u304d\u6ce8\u529b\u3057\u3066\u3044\u304d\u307e\u3059\u3002TAM\u306e\u62e1\u5927\u3001\u30aa\u30f3\u30e9\u30a4\u30f3\u5e02\u5834\u306e\u5b89\u5b9a\u7684\u306a\u6210\u9577\u3001\u305d\u3057\u3066\u5e02\u5834\u306b\u304a\u3051\u308b\u30c1\u30e5\u30fc\u30a4\u30fc\u306e\u30ea\u30fc\u30c0\u30fc\u3068\u3057\u3066\u306e\u5730\u4f4d\u3092\u8003\u3048\u308b\u3068\u3001\u79c1\u305f\u3061\u306e\u672a\u6765\u306b\u306f\u7d99\u7d9a\u7684\u306a\u6210\u9577\u304c\u5f85\u3063\u3066\u3044\u308b\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n

\u305d\u308c\u3067\u306f\u3001\u30aa\u30da\u30ec\u30fc\u30bf\u30fc\u306e\u65b9\u306b\u304a\u96fb\u8a71\u3092\u304a\u7e4b\u304e\u3057\u307e\u3059\u3002\u30aa\u30da\u30ec\u30fc\u30bf\u30fc\u306f\uff1f<\/p>\n

\u8cea\u7591\u5fdc\u7b54<\/strong><\/span><\/p>\n

\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n[\u6700\u521d\u306e\u8cea\u554f\u306fJP\u30e2\u30eb\u30ac\u30f3\u306e\u30c0\u30b0\u30fb\u30a2\u30f3\u30de\u30b9\u304b\u3089\u3067\u3059\u3002\u3069\u3046\u305e\u3088\u308d\u3057\u304f\u304a\u9858\u3044\u3057\u307e\u3059\u3002<\/p>\n

Doug Anmuth — J.P. Morgan — \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n

\u8cea\u554f\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u307e\u305a\u300122\u5e74\u306e\u30a2\u30af\u30c6\u30a3\u30d6\u9867\u5ba2\u3068NSPAC\u306e\u6210\u9577\u306e\u7d44\u307f\u5408\u308f\u305b\u306b\u3064\u3044\u3066\u3001\u3069\u306e\u3088\u3046\u306b\u304a\u8003\u3048\u304b\u6559\u3048\u3066\u3044\u305f\u3060\u3051\u308c\u3070\u3068\u601d\u3044\u307e\u3059\u3002\u307e\u305f\u3001\u6d77\u904b\u304a\u3088\u3073\u30ed\u30b8\u30b9\u30c6\u30a3\u30af\u30b9\u306b\u304a\u3051\u308b\u58f2\u4e0a\u7dcf\u5229\u76ca\u7387\u306e\u9006\u98a8\u3092\u7de9\u548c\u3059\u308b\u53d6\u308a\u7d44\u307f\u306b\u3064\u3044\u3066\u304a\u805e\u304b\u305b\u304f\u3060\u3055\u3044\u3002<\/p>\n

\u3053\u308c\u306f\u3001\u6570\u56db\u534a\u671f\u524d\u306b\u304a\u8a71\u3055\u308c\u305f\u3001\u30bd\u30d5\u30c8\u30a6\u30a7\u30a2\u3084\u30d5\u30eb\u30d5\u30a3\u30eb\u30e1\u30f3\u30c8\u306e\u52b9\u7387\u5316\u306b\u95a2\u3059\u308b\u53d6\u308a\u7d44\u307f\u3068\u540c\u3058\u3082\u306e\u3067\u3057\u3087\u3046\u304b\uff1f\u307e\u305f\u3001\u305d\u306e\u6642\u671f\u306b\u3064\u3044\u3066\u3082\u3046\u5c11\u3057\u8a73\u3057\u304f\u6559\u3048\u3066\u304f\u3060\u3055\u3044\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002<\/p>\n

\u30de\u30ea\u30aa\u30fb\u30de\u30eb\u30c6 — \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n

\u30c0\u30b0\u3001\u30de\u30ea\u30aa\u3067\u3059\u3002\u307e\u305a\u79c1\u304b\u3089\u3001\u305d\u3057\u3066Sumit\u304c\u8cea\u554f\u306e\u5f8c\u534a\u306b\u304a\u7b54\u3048\u3057\u307e\u3059\u3002\u305d\u3057\u3066\u300122\u5e74\u306b\u3064\u3044\u3066\u3054\u8aac\u660e\u3059\u308b\u524d\u306b\u3001\u7b2c4\u56db\u534a\u671f\u306b\u3064\u3044\u3066\u5c11\u3057\u3054\u8aac\u660e\u3055\u305b\u3066\u304f\u3060\u3055\u3044\u3002\u307e\u305a\u3001\u4e8b\u5b9f\u95a2\u4fc2\u304b\u3089\u304a\u8a71\u3057\u3057\u307e\u3059\u3002<\/p>\n

2021\u5e74\u672b\u306e\u6709\u52b9\u9867\u5ba2\u6570\u306f2,070\u4e07\u4eba\u3067\u3057\u305f\u30022\u5e74\u9593\u3067720\u4e07\u4eba\u300154\uff05\u306e\u5897\u52a0\u3067\u3059\u3002\u7b2c4\u56db\u534a\u671f\u306f\u3001\u30a2\u30af\u30c6\u30a3\u30d6\u306e\u7d14\u5897\u6570\u304c\u4e88\u60f3\u3088\u308a\u5c11\u306a\u304f\u306a\u308a\u307e\u3057\u305f\u3002\u7b2c4\u56db\u534a\u671f\u306f\u3001\u30a2\u30af\u30c6\u30a3\u30d6\u9867\u5ba2\u6570\u304c\u4e88\u60f3\u3088\u308a\u3082\u5c11\u306a\u304f\u306a\u308a\u307e\u3057\u305f\u3002<\/p>\n

\u305d\u306e\u7406\u7531\u306f\u4ee5\u4e0b\u306e\u901a\u308a\u3067\u3059\u30022020\u5e74\u306e\u6700\u521d\u306e3\u56db\u534a\u671f\u306b\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u306b\u53c2\u52a0\u3055\u308c\u305f\u304a\u5ba2\u69d8\u306e1\u5e74\u76ee\u306e\u4fdd\u6301\u7387\u3092\u898b\u308b\u3068\u3001\u305d\u306e\u7387\u306f\u3059\u3079\u3066\u904e\u53bb\u306e\u7bc4\u56f2\u5185\u3067\u3042\u308a\u3001\u3053\u306e\u3053\u3068\u306f\u4ee5\u524d\u306e\u96fb\u8a71\u4f1a\u8b70\u3067\u3082\u304a\u4f1d\u3048\u3057\u307e\u3057\u305f\u30022020\u5e74\u7b2c4\u56db\u534a\u671f\u306e\u30b3\u30db\u30fc\u30c8\u3092\u898b\u308b\u3068\u3001\u9ad8\u3044\u3068\u8a00\u3063\u3066\u3044\u305f\u7dad\u6301\u7387\u304c\u3001\u904e\u53bb\u306e\u30c8\u30ec\u30f3\u30c9\u306b\u5bfe\u3057\u30661\u6841\u53f0\u524d\u534a\u3067\u4f4e\u4e0b\u3057\u3066\u3044\u307e\u3059\u3002\u305d\u306e\u305f\u3081\u3001\u7b2c4\u56db\u534a\u671f\u306e\u9867\u5ba2\u7dcf\u6570\u306e\u5897\u52a0\u3092\u76f8\u6bba\u3059\u308b\u307b\u3069\u306e\u6e1b\u5c11\u304c\u3042\u308a\u307e\u3057\u305f\u3002<\/p>\n

\u305d\u3057\u3066\u3001\u305d\u306e\u7d50\u679c\u3001\u7b2c4\u56db\u534a\u671f\u306f\u524d\u671f\u306e\u30a2\u30af\u30c6\u30a3\u30d6\u6210\u9577\u3001\u3064\u307e\u308a\u30a2\u30af\u30c6\u30a3\u30d6\u306a\u9867\u5ba2\u6570\u306e\u5897\u52a0\u304c\u5f31\u304f\u306a\u308a\u307e\u3057\u305f\u3002\u305d\u306e\u7406\u7531\u306b\u3064\u3044\u3066\u306f\u3001Sumit\u306e\u8aac\u660e\u3092\u805e\u3044\u3066\u3044\u305f\u3060\u3051\u305f\u3068\u601d\u3044\u307e\u3059\u3002\u78ba\u304b\u306b\u3001\u5b8c\u74a7\u306a\u30c7\u30fc\u30bf\u304c\u3042\u308b\u308f\u3051\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u3057\u304b\u3057\u30012020\u5e74\u306e\u30de\u30af\u30ed\u74b0\u5883\u3001\u3064\u307e\u308aCOVID\u306e\u7b2c2\u6ce2\u3001\u305d\u3057\u30662020\u5e74\u7b2c4\u56db\u534a\u671f\u306b\u5230\u6765\u3059\u308b\u666f\u6c17\u523a\u6fc0\u7b56\u306e\u7b2c2\u30e9\u30a6\u30f3\u30c9\u304c\u5f71\u97ff\u3057\u3066\u3044\u308b\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002<\/p>\n

\u3055\u3066\u3001\u3053\u3053\u307e\u3067\u8a00\u3063\u3066\u304a\u3044\u3066\u306a\u3093\u3067\u3059\u304c\u300122\u5e74\u306e\u5c55\u671b\u3092\u304a\u4f1d\u3048\u3057\u307e\u3059\u30022022\u5e74\u3092\u898b\u308b\u3068\u3001\u307e\u3060\u975e\u5e38\u306b\u6d41\u52d5\u7684\u306a\u74b0\u5883\u306b\u3042\u308a\u307e\u3059\u3002\u666f\u6c17\u306f\u56de\u5fa9\u57fa\u8abf\u306b\u3042\u308a\u307e\u3059\u3002\u30b5\u30d7\u30e9\u30a4\u30c1\u30a7\u30fc\u30f3\u306f\u307e\u3060\u5236\u7d04\u304c\u3042\u308a\u3001\u5728\u5eab\u5207\u308c\u3082\u901a\u5e38\u3088\u308a\u591a\u3044\u72b6\u614b\u304c\u7d9a\u3044\u3066\u3044\u307e\u3059\u3002<\/p>\n

\u3053\u308c\u3089\u306e\u3053\u3068\u304c\u3001\u30aa\u30f3\u30e9\u30a4\u30f3\u3068\u30aa\u30d5\u30e9\u30a4\u30f3\u3092\u884c\u304d\u6765\u3057\u3066\u8cb7\u3044\u7269\u3092\u3059\u308b\u304a\u5ba2\u3055\u307e\u3092\u5897\u3084\u3057\u3066\u3044\u308b\u306e\u3060\u3068\u601d\u3044\u307e\u3059\u3002\u3053\u308c\u3089\u306e\u8981\u56e0\u306b\u3088\u308a\u30012020\u5e74\u30012021\u5e74\u306b\u7372\u5f97\u3057\u305f\u304a\u5ba2\u69d8\u306e\u77ed\u671f\u7684\u306a\u7d99\u7d9a\u7387\u306f\u4e00\u6841\u53f0\u524d\u534a\u306e\u5f71\u97ff\u306b\u306a\u308b\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002\u305d\u3057\u3066\u3001\u3053\u308c\u3089\u306f\u975e\u5e38\u306b\u5927\u304d\u306a\u30b3\u30db\u30fc\u30c8\u3067\u3042\u308b\u3053\u3068\u3092\u5fd8\u308c\u306a\u3044\u3067\u304f\u3060\u3055\u3044\u3002\u305d\u306e\u7d50\u679c\u30012022\u5e74\u306e\u7d14\u5897\u6570\u306f2021\u5e74\u3092\u4e0b\u56de\u308a\u3001\u5c11\u306a\u304f\u3068\u30822022\u5e74\u524d\u534a\u307e\u3067\u306f\u4f4e\u8abf\u306b\u63a8\u79fb\u3059\u308b\u3068\u4e88\u60f3\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n

\u4e00\u65b9\u3001\u3054\u8cea\u554f\u306e\u4ef6\u3067\u3059\u304c\u3001NSPAC\u306f\u5065\u5168\u306a\u30da\u30fc\u30b9\u3067\u6210\u9577\u3059\u308b\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002\u307e\u305f\u3001\u58f2\u4e0a\u9ad8\u30ac\u30a4\u30c0\u30f3\u30b9\u3067\u306f\u3001NSPAC\u3068\u30a2\u30af\u30c6\u30a3\u30d6\u30fb\u30ab\u30b9\u30bf\u30de\u30fc\u306e\u4e21\u65b9\u304c\u4eca\u5e74\u6210\u9577\u3057\u3001\u58f2\u4e0a\u9ad8\u3092\u5897\u52a0\u3055\u305b\u308b\u3053\u3068\u3092\u60f3\u5b9a\u3057\u3066\u3044\u307e\u3059\u3002\u3082\u30461\u3064\u8aac\u660e\u3057\u3066\u304f\u3060\u3055\u3044\u3002\u5c11\u3057\u9577\u304f\u306a\u308a\u307e\u3059\u304c\u3001\u30b9\u30df\u30c3\u30c8\u304c\u3054\u8cea\u554f\u306e\u5f8c\u534a\u90e8\u5206\u306b\u3064\u3044\u3066\u8a71\u3059\u524d\u306b\u3001\u6b63\u5473\u6709\u52b9\u5951\u7d04\u6570\u3068\u58f2\u4e0a\u9ad8\u6210\u9577\u7387\u306b\u3064\u3044\u3066\u8003\u3048\u308b\u3068\u304d\u306e\u821e\u53f0\u88c5\u7f6e\u3092\u4f5c\u3063\u3066\u304a\u304f\u5fc5\u8981\u304c\u3042\u308b\u304b\u3089\u3067\u3059\u3002<\/p>\n

2019\u5e74\u30682021\u5e74\u3092\u6bd4\u8f03\u3059\u308b\u3068\u30012019\u5e74\u306e\u7d14\u58f2\u4e0a\u9ad8\u306e\u4f38\u3073\u306f — \u7d14\u58f2\u4e0a\u9ad8\u306f\u7d0413\u5104\u30c9\u30eb\u6210\u9577\u3057\u3001\u305d\u306e\u5e74\u306b290\u4e07\u4eba\u306e\u30a2\u30af\u30c6\u30a3\u30d6\u306a\u304a\u5ba2\u69d8\u3092\u5897\u3084\u3057\u307e\u3057\u305f\u3002\u305d\u306e\u5e74\u306eNSPAC\u306f6\uff05\u5897\u52a0\u3057\u307e\u3057\u305f\u3002\u6b21\u306b2021\u5e74\u3068\u6bd4\u8f03\u3059\u308b\u3068\u3001\u6628\u5e74\u306f\u7d14\u58f2\u4e0a\u9ad8\u304c17\u5104\u30c9\u30eb\u6210\u9577\u3057\u305f\u308f\u3051\u3067\u3059\u3002\u3064\u307e\u308a\u3001\u6628\u5e74\u306f150\u4e07\u4eba\u306e\u30a2\u30af\u30c6\u30a3\u30d6\u306a\u304a\u5ba2\u69d8\u3092\u5897\u3084\u3057\u305f\u3060\u3051\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u30012021\u5e74\u3088\u308a4\u5104\u30c9\u30eb\u3082\u591a\u304f\u306a\u3063\u3066\u3044\u308b\u306e\u3067\u3059\u3002<\/p>\n

\u306a\u305c\u304b\uff1fNSPAC\u304c16\uff05\u4f38\u3073\u305f\u304b\u3089\u3067\u3059\u3002\u3053\u306e\u3088\u3046\u306b\u3001\u6210\u9577\u306e\u30ec\u30d0\u30fc\u3092\u898b\u308b\u3068\u3001\u9867\u5ba2\u57fa\u76e4\u3092\u62e1\u5927\u3057\u7d9a\u3051\u308b\u3053\u3068\u3068\u3001\u8ca1\u5e03\u306e\u30b7\u30a7\u30a2\u3092\u3088\u308a\u591a\u304f\u7372\u5f97\u3059\u308b\u3053\u3068\u306e\u4e21\u65b9\u304c\u3042\u308a\u307e\u3059\u3002NSPAC\u306e\u58f2\u4e0a\u304c430\u30c9\u30eb\u3067\u3042\u308b\u306e\u306b\u5bfe\u3057\u3001\u7c73\u56fd\u306e\u30da\u30c3\u30c8\u4e16\u5e2f\u306e\u5e73\u5747\u6d88\u8cbb\u984d\u306f1,200\u30c9\u30eb\u3067\u3059\u304b\u3089\u3001\u65e2\u5b58\u306e\u304a\u5ba2\u3055\u307e\u304b\u3089\u7372\u5f97\u3067\u304d\u308b\u8ca1\u5e03\u306e\u30b7\u30a7\u30a2\u306f\u307e\u3060\u305f\u304f\u3055\u3093\u3042\u308b\u306e\u3067\u3059\u3002<\/p>\n

\u5c11\u3057\u9577\u304f\u306a\u308a\u307e\u3057\u305f\u304c\u3001\u5f8c\u7de8\u306fSumit\u306b\u304a\u9858\u3044\u3057\u307e\u3059\u3002<\/p>\n

Sumit Singh — CEO\uff08\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n

\u30de\u30ea\u30aa\u3055\u3093\u3001\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u30c0\u30b0\u30012,100\u4e07\u4eba\u306e\u30a2\u30af\u30c6\u30a3\u30d6\u306a\u304a\u5ba2\u69d8\u306e\u3046\u3061\u30013\u5206\u306e2\u306f2\uff5e3\u5e74\u672a\u6e80\u3067Chewy\u3068\u304a\u4ed8\u304d\u5408\u3044\u3044\u305f\u3060\u3044\u3066\u3044\u308b\u3053\u3068\u3092\u601d\u3044\u51fa\u3057\u3066\u304f\u3060\u3055\u3044\u3002\u30de\u30ea\u30aa\u304c\u8a00\u3063\u3066\u3044\u308b\u300c\u5065\u5168\u306a\u6d88\u8cbb\u300d\u3068\u3044\u3046\u306e\u306f\u3001\u3053\u306e\u3053\u3068\u3067\u3059\u3002\u6b21\u306b\u3001\u3054\u8cea\u554f\u306e2\u3064\u76ee\u3001\u58f2\u4e0a\u7dcf\u5229\u76ca\u7387\u6539\u5584\u3078\u306e\u53d6\u308a\u7d44\u307f\u306b\u3064\u3044\u3066\u3067\u3059\u3002<\/p>\n

\u307e\u305a\u3001\u3053\u308c\u3089\u306e\u65bd\u7b56\u306f\u3001\u3053\u308c\u307e\u3067\u304a\u8a71\u3057\u3057\u3066\u304d\u305f\u65bd\u7b56\u306e\u8ffd\u52a0\u7684\u306a\u3082\u306e\u3067\u3059\u30022\u3064\u76ee\u306f\u3001\u79c1\u305f\u3061\u304c\u4f55\u3092\u76ee\u6307\u3057\u3066\u3044\u308b\u306e\u304b\u3001\u305d\u306e\u8a73\u7d30\u3092\u8aac\u660e\u3055\u305b\u3066\u304f\u3060\u3055\u3044\u300222\u5e74\u5ea6\u306e\u5f71\u97ff\u306b\u5bfe\u51e6\u3059\u308b\u305f\u3081\u306b\u3001\u5148\u307b\u3069\u7533\u3057\u4e0a\u3052\u305f\u3088\u3046\u306b\u3001\u30ed\u30b8\u30b9\u30c6\u30a3\u30af\u30b9\u3068\u30b5\u30d7\u30e9\u30a4\u30c1\u30a7\u30fc\u30f3\u306e\u5728\u5eab\u30fb\u30d5\u30ed\u30a2\u95a2\u9023\u306e\u65b0\u3057\u3044\u53d6\u308a\u7d44\u307f\u3092\u3044\u304f\u3064\u304b\u7acb\u3061\u4e0a\u3052\u3066\u3044\u307e\u3059\u30021\u6708\u306b\u306f\u3001\u30cd\u30c3\u30c8\u30ef\u30fc\u30af\u5168\u4f53\u306e\u5728\u5eab\u3092\u6700\u9069\u306b\u8ca0\u8377\u5206\u6563\u3059\u308b\u305f\u3081\u306e\u79fb\u7ba1\u30a4\u30cb\u30b7\u30a2\u30c6\u30a3\u30d6\u3092\u958b\u59cb\u3057\u307e\u3057\u305f\u3002<\/p>\n

\u3053\u308c\u306b\u3088\u308a\u3001\u9577\u8ddd\u96e2\u8f38\u9001\u306b\u5bfe\u5fdc\u3057\u3001\u304a\u5ba2\u69d8\u306e\u8fd1\u304f\u306b\u5546\u54c1\u3092\u914d\u7f6e\u3059\u308b\u3053\u3068\u3067\u3001\u305d\u306e\u5f71\u97ff\u306e\u4e00\u90e8\u3092\u8efd\u6e1b\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002\u6b21\u306b\u3001\u7b2c1\u56db\u534a\u671f\u304a\u3088\u3073\u7b2c2\u56db\u534a\u671f\u524d\u534a\u306b\u3001\u30c8\u30e9\u30f3\u30b9\u30ed\u30fc\u30c9\u6d77\u5916\u767a\u9001\u30a4\u30cb\u30b7\u30a2\u30c1\u30d6\u3068\u547c\u3076\u3079\u304d\u3082\u306e\u3092\u958b\u59cb\u3057\u307e\u3059\u3002\u3053\u308c\u306f\u3001\u56fd\u969b\u7684\u306a\u5728\u5eab\u3092\u30cd\u30c3\u30c8\u30ef\u30fc\u30af\u4e0a\u3067\u3088\u308a\u6700\u9069\u306b\u914d\u5206\u3057\u3001\u30d5\u30eb\u30d5\u30a3\u30eb\u30e1\u30f3\u30c8\u30bb\u30f3\u30bf\u30fc\u306e\u524d\u306b\u3088\u308a\u7406\u60f3\u7684\u306a\u4f4d\u7f6e\u306b\u914d\u7f6e\u3059\u308b\u3082\u306e\u3067\u3059\u3002<\/p>\n

3\u3064\u76ee\u306f\u3001\u3053\u308c\u3082\u79c1\u305f\u3061\u304c\u8a87\u308a\u306b\u601d\u3063\u3066\u3044\u308b\u3053\u3068\u3067\u3059\u3002\u30c1\u30e5\u30fc\u30a4\u30fc \u30d5\u30ec\u30fc\u30c8 \u30b5\u30fc\u30d3\u30b9\uff08CFS\uff09\u3068\u547c\u3093\u3067\u3044\u308b\u3082\u306e\u3067\u3001\u5f53\u521d\u306f\u30e9\u30a4\u30f3\u8f38\u9001\u306e\u53d6\u308a\u7d44\u307f\u3068\u3057\u3066\u3001\u81ea\u793e\u3067\u30df\u30c9\u30eb\u30de\u30a4\u30eb\u306e\u8eca\u4e21\u3068\u30cd\u30c3\u30c8\u30ef\u30fc\u30af\u306e\u4e00\u90e8\u3092\u904b\u7528\u3059\u308b\u4e88\u5b9a\u3067\u3059\u30022022\u5e74\u7b2c1\u56db\u534a\u671f\u306b\u30d5\u30a7\u30cb\u30c3\u30af\u30b9\u5e02\u5834\u3067\u3053\u308c\u3092\u958b\u59cb\u3057\u30012022\u5e74\u306b\u306f\u3053\u308c\u3092\u62e1\u5927\u3059\u308b\u3053\u3068\u3092\u8996\u91ce\u306b\u5165\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n

\u3053\u308c\u306b\u3088\u308a\u3001\u8f38\u9001\u4f1a\u793e\u306e\u30cd\u30c3\u30c8\u30ef\u30fc\u30af\u306b\u6df1\u304f\u5165\u308a\u8fbc\u3080\u3053\u3068\u304c\u3067\u304d\u3001\u7279\u306b\u73fe\u5728\u306e\u3088\u3046\u306a\u30de\u30af\u30ed\u7d4c\u6e08\u74b0\u5883\u4e0b\u3067\u306f\u3001\u30b3\u30b9\u30c8\u3068\u9867\u5ba2\u4f53\u9a13\u306e\u4e21\u65b9\u306b\u5f79\u7acb\u3064\u3001\u3088\u308a\u30b9\u30e0\u30fc\u30ba\u306a\u8377\u7269\u306e\u6d41\u308c\u3092\u5b9f\u73fe\u3059\u308b\u3053\u3068\u304c\u53ef\u80fd\u306b\u306a\u308a\u307e\u3059\u3002\u3053\u308c\u3089\u306e\u30ed\u30b8\u30b9\u30c6\u30a3\u30af\u30b9\u30fb\u30a4\u30cb\u30b7\u30a2\u30c1\u30d6\u306b\u52a0\u3048\u3001\u65b0\u305f\u306b\u8a2d\u7acb\u3057\u305f\u30b5\u30d7\u30e9\u30a4\u30c1\u30a7\u30fc\u30f3\u306e\u7814\u7a76\u30fb\u8a08\u753b\u90e8\u9580\u306f\u3001\u80fd\u529b\u306e\u69cb\u7bc9\u3068\u5411\u4e0a\u306b\u91cd\u70b9\u3092\u7f6e\u3044\u3066\u3044\u307e\u3059\u3002\u3053\u306e\u6a5f\u80fd\u306b\u3088\u308a\u3001\u30c8\u30dd\u30ed\u30b8\u30fc\u306e\u6539\u5584\u3001\u5728\u5eab\u306e\u8cb7\u3044\u4ed8\u3051\u3068\u914d\u7f6e\u304c\u53ef\u80fd\u306b\u306a\u308a\u3001\u5730\u7406\u7684\u306b\u96e2\u308c\u305f\u5834\u6240\u306b\u3042\u308b\u5728\u5eab\u306e\u767a\u898b\u3082\u53ef\u80fd\u306b\u306a\u308a\u307e\u3059\u3002\u4eca\u304a\u8a71\u306b\u51fa\u305f\u30aa\u30fc\u30c0\u30fc\u30fb\u30eb\u30fc\u30c6\u30a3\u30f3\u30b0\u306f\u3001\u3053\u306e\u30c1\u30fc\u30e0\u306e\u4e00\u54e1\u3068\u3057\u3066\u751f\u304d\u3066\u3044\u308b\u4f8b\u3067\u3059\u304c\u3001\u79c1\u304c\u304a\u8a71\u3059\u308b\u3053\u308c\u3089\u306e\u30a4\u30cb\u30b7\u30a2\u30c1\u30d6\u306f\u3001\u305d\u308c\u306b\u5bfe\u3059\u308b\u8ffd\u52a0\u7684\u306a\u3082\u306e\u3067\u3059\u3002<\/p>\n

\u3053\u306e\u30aa\u30fc\u30c0\u30fc\u30eb\u30fc\u30c6\u30a3\u30f3\u30b0\u6280\u8853\u306f\u3001\u5728\u5eab\u72b6\u6cc1\u3092\u30ea\u30a2\u30eb\u30bf\u30a4\u30e0\u3067\u5206\u6790\u3057\u3001\u6ce8\u6587\u3092\u9069\u5207\u306a\u30d5\u30eb\u30d5\u30a3\u30eb\u30e1\u30f3\u30c8\u30bb\u30f3\u30bf\u30fc\u306b\u52b9\u7387\u7684\u306b\u8ee2\u9001\u3057\u3066\u3001\u5206\u5272\u6ce8\u6587\u3084\u9577\u8ddd\u96e2\u914d\u9001\u306e\u767a\u751f\u3092\u6700\u5c0f\u9650\u306b\u6291\u3048\u308b\u3001\u72ec\u81ea\u306e\u30db\u30fc\u30e0\u30b0\u30ed\u30a6\u30f3\u30fb\u30b7\u30b9\u30c6\u30e0\u3067\u3057\u305f\u306d\u3002\u3053\u308c\u3089\u306f\u3001\u5148\u307b\u3069\u304a\u8a71\u3057\u305f\u30ed\u30b8\u30b9\u30c6\u30a3\u30af\u30b9\u3078\u306e\u53d6\u308a\u7d44\u307f\u3092\u3055\u3089\u306b\u88dc\u5b8c\u3057\u3001\u904b\u8cc3\u30ab\u30fc\u30c9\u306b\u3088\u308b\u4e0a\u6607\u306e\u5927\u90e8\u5206\u3092\u8efd\u6e1b\u3059\u308b\u306e\u306b\u5f79\u7acb\u3064\u3068\u601d\u3044\u307e\u3059\u3002\u3054\u53c2\u8003\u306b\u306a\u308c\u3070\u5e78\u3044\u3067\u3059\u3002<\/p>\n

Doug Anmuth — J.P. Morgan — \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n

\u304a\u4e8c\u4eba\u3068\u3082\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u8a73\u3057\u3044\u304a\u8a71\u3092\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n

Sumit Singh — \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n

\u3042\u308a\u304c\u3068\u3046\u3001\u30c0\u30b0\u3002<\/p>\n

\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n

\u30a2\u30f3\u30e0\u30b9\u3055\u3093\u3001\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002\u6b21\u306e\u8cea\u554f\u306f\u30a6\u30a7\u30eb\u30ba\u30fb\u30d5\u30a1\u30fc\u30b4\u306e \u30d6\u30e9\u30a4\u30a2\u30f3\u30fb\u30d5\u30a3\u30c3\u30c4\u30b8\u30a7\u30e9\u30eb\u30c9\u3055\u3093\u304b\u3089\u3067\u3059\u3002\u3069\u3046\u305e\u3088\u308d\u3057\u304f\u304a\u9858\u3044\u3057\u307e\u3059\u3002<\/p>\n

\u30d6\u30e9\u30a4\u30a2\u30f3\u30fb\u30d5\u30a3\u30c3\u30c4\u30b8\u30a7\u30e9\u30eb\u30c9 — \u30a6\u30a7\u30eb\u30fb\u30d5\u30a1\u30fc\u30b4\u8a3c\u5238 — \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n

\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u30b9\u30dd\u30f3\u30b5\u30fc\u5e83\u544a\u306e\u7acb\u3061\u4e0a\u3052\u306b\u3064\u3044\u3066\u3001\u3044\u304f\u3064\u304b\u8cea\u554f\u304c\u3042\u308a\u307e\u3059\u3002\u307e\u305a\u3001\u98df\u6599\u54c1\u3084\u5b9f\u5e97\u8217\u306e\u5c0f\u58f2\u696d\u3067\u306f\u3001\u30c8\u30ec\u30fc\u30c9\u30d7\u30ed\u30e2\u30fc\u30b7\u30e7\u30f3\u3084\u30b9\u30ed\u30c3\u30c6\u30a3\u30f3\u30b0\u30d5\u30a3\u30fc\u306e\u9762\u3067\u3001\u30d9\u30f3\u30c0\u30fc\u304c\u591a\u984d\u306e\u652f\u51fa\u3092\u884c\u3063\u3066\u3044\u307e\u3059\u3002\u3044\u3044\u3048\u3002<\/p>\n

2\u3001Autoship\u306b\u767b\u9332\u3055\u308c\u305f\u304a\u5ba2\u3055\u307e\u306f\u3001\u3069\u306e\u304f\u3089\u3044\u306e\u983b\u5ea6\u3067\u30b5\u30a4\u30c8\u306b\u3044\u3089\u3063\u3057\u3083\u308b\u306e\u3067\u3057\u3087\u3046\u304b\uff1f\u307e\u305f\u3001\u5e83\u544a\u30e1\u30c3\u30bb\u30fc\u30b8\u3092\u53d7\u4fe1\u3059\u308b\u53ef\u80fd\u6027\u306e\u3042\u308b\u9867\u5ba2\u306f\u3001\u3069\u308c\u304f\u3089\u3044\u306e\u983b\u5ea6\u3067\u30b5\u30a4\u30c8\u306b\u3044\u308b\u306e\u3067\u3057\u3087\u3046\u304b\uff1f\u6700\u5f8c\u306b\u3001\u793e\u5185\u30c7\u30fc\u30bf\u3092\u6d3b\u7528\u3057\u305f\u30b5\u30a4\u30c8\u5916\u5e83\u544a\u306e\u5c55\u958b\u306b\u3064\u3044\u3066\u3001\u4f55\u304b\u304a\u8003\u3048\u304c\u3042\u308c\u3070\u304a\u805e\u304b\u305b\u304f\u3060\u3055\u3044\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n

Sumit Singh — \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n

\u30d6\u30e9\u30a4\u30a2\u30f3\u3001\u30b9\u30df\u30c8\u3067\u3059\u3002\u3088\u308d\u3057\u304f\u304a\u9858\u3044\u3057\u307e\u3059\u3002\u672c\u65e5\u306f\u3001\u6e96\u5099\u6bb5\u968e\u3067\u7533\u3057\u4e0a\u3052\u305f\u4ee5\u4e0a\u306e\u3053\u3068\u306f\u7533\u3057\u4e0a\u3052\u3089\u308c\u307e\u305b\u3093\u3002\u30b5\u30d7\u30e9\u30a4\u30e4\u30fc\u306f\u3001\u79c1\u304c\u8a00\u3048\u308b\u3053\u3068\u306f\u3001\u6a5f\u4f1a\u306e\u898f\u6a21\u304c\u5927\u304d\u3044\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002<\/p>\n

\u79c1\u305f\u3061\u306e\u610f\u898b\u3067\u306f\u3001\u3053\u306e\u8cc7\u91d1\u306f\u8cbf\u6613\u30d5\u30a1\u30f3\u30c9\u306e\u5916\u306b\u3042\u308b\u30e6\u30cb\u30fc\u30af\u306a\u4f4d\u7f6e\u306b\u3042\u308a\u307e\u3059\u3002\u305d\u3057\u3066\u3001\u30b5\u30d7\u30e9\u30a4\u30e4\u30fc\u306f\u3001\u79c1\u305f\u3061\u304c\u63d0\u4f9b\u3059\u308b\u9867\u5ba2\u30d9\u30fc\u30b9\u3068\u7d4c\u9a13\u306b\u5bfe\u3059\u308b\u5e83\u544a\u3092\u7372\u5f97\u3059\u308b\u3053\u3068\u306b\u5927\u304d\u306a\u4fa1\u5024\u3092\u898b\u51fa\u3059\u306e\u3067\u3059\u3002\u3053\u306e\u3088\u3046\u306b\u3001\u5c06\u6765\u7684\u306b\u9ad8\u53ce\u76ca\u3092\u3082\u305f\u3089\u3059\u53ef\u80fd\u6027\u306e\u3042\u308b\u6a5f\u4f1a\u3067\u3042\u308b\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002\u6b21\u306b\u3001\u30aa\u30fc\u30c8\u30b7\u30c3\u30d7\u306e\u304a\u5ba2\u69d8\u306b\u3064\u3044\u3066\u3067\u3059\u304c\u3001\u30aa\u30fc\u30c8\u30b7\u30c3\u30d7\u306e\u304a\u5ba2\u69d8\u306f\u3001\u30b5\u30fc\u30d3\u30b9\u306b\u52a0\u5165\u3057\u3066\u3044\u308b\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u3001\u8cfc\u8cb7\u884c\u52d5\u3084\u8cb7\u3044\u7269\u884c\u52d5\u304c\u975e\u5e38\u306b\u6d3b\u767a\u3067\u5b9a\u671f\u7684\u3067\u3059\u3002<\/p>\n

\u3064\u307e\u308a\u3001\u5f53\u793e\u306e\u9867\u5ba2\u57fa\u76e4\u306e3\u5206\u306e2\u306f\u3001\u5b9a\u671f\u7684\u3001\u53cd\u5fa9\u7684\u3001\u5b9a\u756a\u7684\u306a\u9867\u5ba2\u3067\u3042\u308a\u3001\u30d9\u30fc\u30b9\u30ed\u30fc\u30c9\u3068\u547c\u3070\u308c\u308b\u9867\u5ba2\u3067\u3059\u3002\u305d\u3057\u3066\u3001\u6b8b\u308a\u306f\u975e\u5e38\u306b\u5b9f\u9a13\u7684\u3067\u3059\u3002\u540c\u6642\u306b\u8907\u6570\u306eAutoship\u3092\u30aa\u30fc\u30d7\u30f3\u306b\u3057\u3066\u3044\u308b\u304a\u5ba2\u3055\u307e\u3082\u3044\u3089\u3063\u3057\u3083\u3044\u307e\u3059\u3002\u305d\u3057\u3066\u3001\u305d\u306e\u3088\u3046\u306a\u304a\u5ba2\u3055\u307e\u306f\u4f55\u5ea6\u3082\u6765\u5e97\u3055\u308c\u3001\u307e\u305f\u6765\u5e97\u3055\u308c\u308b\u3002<\/p>\n

\u305d\u306e\u3088\u3046\u306a\u304a\u5ba2\u3055\u307e\u306f\u3001\u30d7\u30ed\u30e2\u30fb\u30ad\u30e3\u30f3\u30da\u30fc\u30f3\u306b\u53c2\u52a0\u3055\u305b\u308b\u306a\u3069\u3057\u3066\u3001\u9ad8\u3044\u30a8\u30f3\u30b2\u30fc\u30b8\u30e1\u30f3\u30c8\u3092\u7dad\u6301\u3057\u3066\u3044\u307e\u3059\u3002\u30aa\u30fc\u30c8\u30b7\u30c3\u30d7\u306e\u304a\u5ba2\u3055\u307e\u3082\u3001\u7a4d\u6975\u7684\u306b\u767a\u58f2\u30ad\u30e3\u30f3\u30da\u30fc\u30f3\u3084\u30a4\u30ce\u30d9\u30fc\u30b7\u30e7\u30f3\u30fb\u30ad\u30e3\u30f3\u30da\u30fc\u30f3\u306b\u53c2\u52a0\u3057\u3001\u975e\u5e38\u306b\u7a4d\u6975\u7684\u306b\u53c2\u52a0\u3057\u3066\u304f\u308c\u3066\u3044\u307e\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u305d\u306e\u3088\u3046\u306a\u304a\u5ba2\u3055\u307e\u306b\u3068\u3063\u3066\u3082\u3001\u30aa\u30fc\u30d7\u30f3\u3067\u3042\u308a\u3001\u30c1\u30e3\u30f3\u30b9\u3067\u3042\u308b\u3068\u4fe1\u3058\u3066\u3044\u307e\u3059\u3002\u6700\u5f8c\u306b\u30013\u3064\u76ee\u306e\u8cea\u554f\u3067\u3059\u304c\u3001\u793e\u5185\u30c7\u30fc\u30bf\u3092\u5229\u7528\u3057\u305f\u30aa\u30d5\u30b5\u30a4\u30c8\u5e83\u544a\u306e\u30e9\u30a4\u30f3\u30a2\u30c3\u30d7\u306b\u3064\u3044\u3066\u3067\u3059\u3002<\/p>\n

\u3053\u306e\u70b9\u306b\u3064\u3044\u3066\u306f\u3001\u3054\u8cea\u554f\u306e\u610f\u5473\u304c\u3088\u304f\u308f\u304b\u308a\u307e\u305b\u3093\u306e\u3067\u3001\u5c11\u3057\u8aac\u660e\u3057\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n

Brian Fitzgerald — Well Fargo Securities — \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n

\u3057\u304b\u3057\u3001\u30a2\u30c9\u30cd\u30c3\u30c8\u30ef\u30fc\u30af\u306e\u62e1\u5f35\u6027\u306e\u3088\u3046\u306a\u3082\u306e\u3067\u3059\u3002<\/p>\n

Sumit Singh — \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n

\u306a\u308b\u307b\u3069\u3001\u305d\u3046\u306a\u3093\u3067\u3059\u306d\u3002\u79c1\u305f\u3061\u306e\u30ec\u30fc\u30c0\u30fc\u306b\u306f\u6620\u3063\u3066\u3044\u307e\u3059\u304c\u3001\u4eca\u65e5\u306f\u7279\u306b\u304a\u4f1d\u3048\u3059\u308b\u3053\u3068\u306f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n

Brian Fitzgerald — \u30a6\u30a7\u30eb\u30fb\u30d5\u30a1\u30fc\u30b4\u8a3c\u5238 — \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n

OK\u3067\u3059\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002<\/p>\n

\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n

\u30d5\u30a3\u30c3\u30c4\u30b8\u30a7\u30e9\u30eb\u30c9\u3055\u3093\u3001\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002\u6b21\u306e\u8cea\u554f\u306f \u30b8\u30a7\u30d5\u30ea\u30fc\u30ba\u306e \u30b9\u30c6\u30d5\u30a1\u30cb\u30fc\u30fb\u30a6\u30a3\u30fc\u30b7\u30f3\u30af\u304b\u3089\u3067\u3059 \u3069\u3046\u305e<\/p>\n

Stephanie Wissink — Jefferies — \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n

\u7686\u3055\u3093\u3001\u3053\u3093\u306b\u3061\u306f\u3002\u30b8\u30a7\u30d5\u30ea\u30fc\u30ba\u306e\u30b9\u30c6\u30d5\u30fb\u30a6\u30a3\u30fc\u30b7\u30f3\u30af\u3067\u3059\u3002\u8cea\u554f\u306f2\u3064\u306b\u5206\u304b\u308c\u3066\u3044\u307e\u3059\u30021\u3064\u76ee\u306f\u3001\u5728\u5eab\u6c34\u6e96\u306b\u3064\u3044\u3066\u3067\u3059\u3002<\/p>\n

\u30d0\u30e9\u30f3\u30b9\u30b7\u30fc\u30c8\u306e\u5728\u5eab\u304c\u304b\u306a\u308a\u6e1b\u3063\u305f\u3088\u3046\u3067\u3059\u306d\u3002\u7b2c1\u56db\u534a\u671f\u306b\u304a\u3051\u308b\u5728\u5eab\u306e\u53ef\u7528\u6027\u3068\u5236\u7d04\u306b\u3064\u3044\u3066\u3001\u5728\u5eab\u304c\u6539\u5584\u3055\u308c\u308b\u306b\u3064\u308c\u3066\u3001\u4eca\u5e74\u5ea6\u672b\u306b\u304b\u3051\u3066\u3069\u306e\u3088\u3046\u306a\u3053\u3068\u304c\u4e88\u60f3\u3055\u308c\u307e\u3059\u304b\uff1f\u305d\u308c\u304b\u3089\u3001\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306b\u3064\u3044\u3066\u3001\u30de\u30ea\u30aa\u306b\u8cea\u554f\u3057\u307e\u3059\u3002\u7b2c4\u56db\u534a\u671f\u306e\u30ad\u30e3\u30c3\u30b7\u30e5\u30fb\u30d5\u30ed\u30fc\u3092\u3069\u306e\u3088\u3046\u306b\u8003\u3048\u308b\u3079\u304d\u3067\u3057\u3087\u3046\u304b\u3002\u307e\u305f\u30012022\u5e74\u306e\u8a2d\u5099\u6295\u8cc7\u984d\u306f\u82e5\u5e72\u5897\u52a0\u3059\u308b\u3068\u601d\u3044\u307e\u3059\u304c\u3001\u4e8b\u696d\u8cc7\u91d1\u3068\u3057\u3066\u5229\u7528\u53ef\u80fd\u306a\u30ad\u30e3\u30c3\u30b7\u30e5\u306f\u3069\u306e\u7a0b\u5ea6\u3067\u3057\u3087\u3046\u304b\u3002\u6d41\u52d5\u6027\u306e\u72b6\u6cc1\u306f\u3044\u304b\u304c\u3067\u3057\u3087\u3046\u304b\uff1f\u307e\u305f\u3001\u4eca\u671f\u4e2d\u306b\u73fe\u91d1\u306e\u8abf\u9054\u304c\u5fc5\u8981\u306b\u306a\u308b\u3068\u304a\u8003\u3048\u3067\u3059\u304b\uff1f\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002<\/p>\n

\u30de\u30ea\u30aa\u30fb\u30de\u30eb\u30c6 — \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n

\u30b9\u30c6\u30d5\u3001\u4e21\u65b9\u306e\u8cea\u554f\u3092\u304a\u53d7\u3051\u3057\u307e\u3059\u3002\u30b9\u30df\u30c3\u30c8\u306f\u3001\u79c1\u304c\u4f55\u304b\u898b\u9003\u3057\u3066\u3044\u305f\u3089\u3001\u5728\u5eab\u306b\u3064\u3044\u3066\u88dc\u8db3\u3057\u3066\u304f\u3060\u3055\u3044\u3002\u5728\u5eab\u6c34\u6e96\u3067\u3059\u304c\u3001\u56db\u534a\u671f\u534a\u3070\u306b\u30aa\u30df\u30af\u30ed\u30f3\u306e\u5f71\u97ff\u3092\u53d7\u3051\u3066\u3001\u5728\u5eab\u5207\u308c\u306e\u6c34\u6e96\u304c\u4e0a\u6607\u3057\u305f\u3068\u304a\u805e\u304d\u3057\u307e\u3057\u305f\u3002\u305d\u306e\u305f\u3081\u3001\u8cfc\u5165\u3059\u308b\u306f\u305a\u306e\u5728\u5eab\u3092\u305d\u308c\u307b\u3069\u591a\u304f\u78ba\u4fdd\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u305b\u3093\u3067\u3057\u305f\u3002\u3064\u307e\u308a\u3001\u5728\u5eab\u6c34\u6e96\u306b\u3064\u3044\u3066\u7c21\u5358\u306b\u8aac\u660e\u3059\u308b\u3068\u3001\u5e74\u9593\u3092\u901a\u3058\u3066\u9ad8\u3044\u6c34\u6e96\u306e\u5728\u5eab\u3092\u62b1\u3048\u305f\u307e\u307e\u3060\u3063\u305f\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002<\/p>\n

\u305d\u3057\u3066\u3001\u7b2c4\u56db\u534a\u671f\u306b\u305d\u306e\u4e00\u90e8\u3092\u4f7f\u3044\u5207\u308a\u307e\u3057\u305f\u3002\u3057\u304b\u3057\u3001\u30b9\u30c6\u30d5\u30a1\u30f3\u3001\u306f\u3063\u304d\u308a\u7533\u3057\u4e0a\u3052\u3066\u304a\u304d\u307e\u3059\u304c\u3001\u3082\u3061\u308d\u3093\u3001\u79c1\u305f\u3061\u306f\u5728\u5eab\u3092\u8cfc\u5165\u3057\u305f\u307b\u3046\u304c\u3088\u304b\u3063\u305f\u306e\u3067\u3059\u3002\u305d\u306e\u7406\u7531\u306f\u3001\u5148\u307b\u3069\u3082\u7533\u3057\u4e0a\u3052\u305f\u3088\u3046\u306b\u30012022\u5e74\u306e\u5728\u5eab\u5207\u308c\u306b\u3088\u308b\u58f2\u4e0a\u640d\u5931\u30922\u5104\u30c9\u30eb\u304b\u30893\u5104\u30c9\u30eb\u306e\u7bc4\u56f2\u5185\u3067\u30ac\u30a4\u30c0\u30f3\u30b9\u306b\u7e54\u308a\u8fbc\u3093\u3067\u3044\u308b\u304b\u3089\u3067\u3059\u3002\u3053\u306e\u3088\u3046\u306b\u3001\u5728\u5eab\u306b\u3064\u3044\u3066\u3069\u306e\u3088\u3046\u306b\u8003\u3048\u3066\u3044\u308b\u304b\u3001\u307e\u305f\u5728\u5eab\u304c\u58f2\u4e0a\u9ad8\u306b\u4e0e\u3048\u308b\u5f71\u97ff\u306b\u3064\u3044\u3066\u3054\u7406\u89e3\u3044\u305f\u3060\u3051\u308b\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n

\u7b2c4\u56db\u534a\u671f\u306e\u73fe\u91d1\u652f\u51fa\u306b\u3064\u3044\u3066\u306f\u3001\u7b2c4\u56db\u534a\u671f\u306b\u73fe\u91d1\u3092\u4f7f\u7528\u3059\u308b\u3053\u3068\u306f\u73cd\u3057\u3044\u3053\u3068\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u7b2c2\u306b\u3001\u3053\u308c\u306f\u5e74\u9593\u3092\u901a\u3058\u3066\u5728\u5eab\u3092\u7a4d\u307f\u5897\u3057\u305f\u7d50\u679c\u3067\u3059\u3002\u5f53\u793e\u306f\u3001\u5728\u5eab\u3092\u8cfc\u5165\u3057\u3001\u305d\u308c\u3092\u8ca9\u58f2\u3057\u3001\u5f8c\u3067\u4ee3\u91d1\u3092\u652f\u6255\u3046\u3068\u3044\u3046\u3001\u975e\u5e38\u306b\u6709\u5229\u306a\u30ad\u30e3\u30c3\u30b7\u30e5\u30b3\u30f3\u30d0\u30fc\u30b8\u30e7\u30f3\u30b5\u30a4\u30af\u30eb\u3092\u6301\u3063\u3066\u3044\u307e\u3059\u3002\u3053\u306e\u5834\u5408\u3001\u7b2c4\u56db\u534a\u671f\u304c\u305d\u306e\u652f\u6255\u3044\u306e\u30bf\u30a4\u30df\u30f3\u30b0\u3068\u306a\u308a\u307e\u3057\u305f\u3002<\/p>\n

\u305d\u308c\u304b\u3089\u3001\u3054\u8cea\u554f\u306e\u6700\u5f8c\u306b\u30012022\u5e74\u306e\u30ad\u30e3\u30c3\u30b7\u30e5\u3092\u3069\u3046\u8003\u3048\u308b\u304b\u3068\u3044\u3046\u3053\u3068\u304c\u3042\u3063\u305f\u3068\u601d\u3044\u307e\u3059\u3002\u307e\u305a\u3001\u30d0\u30e9\u30f3\u30b9\u30b7\u30fc\u30c8\u306b\u3042\u308b6\u5104\u30c9\u30eb\u306e\u73fe\u91d1\u304a\u3088\u3073\u73fe\u91d1\u540c\u7b49\u7269\u304b\u3089\u30b9\u30bf\u30fc\u30c8\u3057\u307e\u3059\u3002\u6b21\u306b\u3001\u4eca\u5e74\u306e\u8a2d\u5099\u6295\u8cc7\u3067\u3059\u304c\u3001\u58f2\u4e0a\u9ad8\u304c\u7d040.5\u30dd\u30a4\u30f3\u30c8\u5897\u3048\u307e\u3059\u306e\u3067\u3001\u82e5\u5e72\u306e\u5897\u984d\u3092\u8003\u3048\u3066\u3044\u307e\u3059\u3002\u3064\u307e\u308a\u3001100\u5104\u30c9\u30eb\u7a0b\u5ea6\u306e\u901a\u671f\u898b\u901a\u3057\u3067\u3042\u308c\u3070\u30011,500\u4e07\u30c9\u30eb\u3068\u3044\u3046\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n

\u3064\u307e\u308a\u3001\u8a2d\u5099\u6295\u8cc7\u306b\u95a2\u3057\u3066\u306f\u3001\u305d\u308c\u307b\u3069\u591a\u304f\u306e\u30ad\u30e3\u30c3\u30b7\u30e5\u30d0\u30fc\u30f3\u304c\u3042\u308b\u308f\u3051\u3067\u306f\u306a\u3044\u3053\u3068\u304c\u304a\u308f\u304b\u308a\u3044\u305f\u3060\u3051\u308b\u3068\u601d\u3044\u307e\u3059\u3002\u6700\u5f8c\u306b\u3001\u30b9\u30c6\u30d5\u30a1\u30f3\u3001\u79c1\u305f\u3061\u306e\u6b74\u53f2\u3092\u632f\u308a\u8fd4\u3063\u3066\u304f\u3060\u3055\u3044\u3002\u79c1\u305f\u3061\u306f\u3053\u308c\u307e\u3067\u3001\u73fe\u91d1\u3092\u6295\u5165\u3059\u308b\u65b9\u6cd5\u306b\u3064\u3044\u3066\u3001\u975e\u5e38\u306b\u52e4\u52c9\u3067\u52b9\u7387\u7684\u3067\u3042\u3063\u305f\u3068\u3044\u3046\u6b74\u53f2\u304c\u3042\u308a\u307e\u3059\u3002\u4eca\u5e74\u3082\u305d\u3046\u3067\u3042\u308b\u3068\u671f\u5f85\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n

Stephanie Wissink — Jefferies — \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n

\u308f\u304b\u308a\u307e\u3057\u305f\u3002\u305d\u308c\u306f\u52a9\u304b\u308a\u307e\u3059\u3002\u3082\u3046\u5c11\u3057\u306f\u3063\u304d\u308a\u3055\u305b\u305f\u3044\u3053\u3068\u304c\u3042\u308a\u307e\u3059\u3002\u7b2c1\u56db\u534a\u671f\u3068\u901a\u671f\u306e\u30ac\u30a4\u30c0\u30f3\u30b9\u306b\u3064\u3044\u3066\u3067\u3059\u304c\u3001\u5728\u5eab\u304c\u6539\u5584\u3055\u308c\u305f\u3068\u4eee\u5b9a\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n

\u3067\u306f\u3001\u7b2c1\u56db\u534a\u671f\u306e2\u5104\u30c9\u30eb\u304b\u30893\u5104\u30c9\u30eb\u306e\u5728\u5eab\u5207\u308c\u306e\u8ca0\u62c5\u306f\u3001\u30aa\u30fc\u30d0\u30fc\u30a6\u30a8\u30a4\u30c8\u3059\u3079\u304d\u306a\u306e\u3067\u3057\u3087\u3046\u304b\uff1f\u305d\u308c\u304b\u3089\u3001\u30d9\u30f3\u30c0\u30fc\u5404\u793e\u304c\u3001\u5e74\u304c\u660e\u3051\u305f\u3089\u5728\u5eab\u306e\u72b6\u6cc1\u3092\u6539\u5584\u3059\u308b\u3053\u3068\u3092\u78ba\u7d04\u3057\u3066\u304f\u308c\u308b\u3088\u3046\u306a\u3001\u5b89\u5fc3\u6750\u6599\u3092\u6559\u3048\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n

Sumit Singh — CEO\uff08\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n

\u30b9\u30c6\u30d5\u3001\u30b9\u30df\u30c8\u3067\u3059\u3002\u305d\u306e\u901a\u308a\u3067\u3059\u3002\u307e\u305f\u3001\u4e0a\u534a\u671f\u306f\u4e0b\u534a\u671f\u3088\u308a\u3082\u5927\u304d\u306a\u5f71\u97ff\u3092\u53d7\u3051\u308b\u3068\u60f3\u5b9a\u3057\u3066\u3044\u307e\u3059\u3002\u3053\u308c\u306f\u30012021\u5e74\u5f8c\u534a\u306b\u30b5\u30d7\u30e9\u30a4\u30c1\u30a7\u30fc\u30f3\u304c\u7b2c3\u56db\u534a\u671f\u306b\u60aa\u5316\u3057\u3001\u7b2c4\u56db\u534a\u671f\u306b\u3082\u60aa\u5316\u3057\u305f\u3053\u3068\u306b\u8d77\u56e0\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n

\u30a6\u30af\u30e9\u30a4\u30ca\u306e\u6226\u4e89\u306b\u3088\u3063\u3066\u3001\u77ed\u671f\u7684\u306b\u3044\u304f\u3089\u304b\u306e\u4f9b\u7d66\u4e0d\u8db3\u304c\u767a\u751f\u3057\u3001\u3053\u308c\u304c2022\u5e74\u307e\u3067\u7d9a\u304d\u30012023\u5e74\u306b\u56de\u5fa9\u306e\u5146\u3057\u304c\u898b\u3048\u308b\u3068\u3044\u3046\u306e\u304c\u3001\u4eca\u3001\u5f53\u793e\u306e\u30b5\u30d7\u30e9\u30a4\u30e4\u30fc\u304b\u3089\u805e\u3053\u3048\u3066\u304f\u308b\u30b3\u30e1\u30f3\u30c8\u3067\u3059\u3002\u3057\u304b\u3057\u30012022\u5e74\u5185\u306f\u3001\u524d\u534a\u304c\u5f8c\u534a\u3088\u308a\u3082\u60aa\u304f\u306a\u308a\u305d\u3046\u3067\u3059\u3002<\/p>\n

Stephanie Wissink — Jefferies — \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n

\u308f\u304b\u308a\u307e\u3057\u305f\u3002\u3068\u3066\u3082\u53c2\u8003\u306b\u306a\u308a\u307e\u3057\u305f\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n

Sumit Singh — \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n

\u3042\u308a\u304c\u3068\u3046\u3001\u30b9\u30c6\u30d5\u3002<\/p>\n

\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n

\u30a6\u30a3\u30fc\u30b7\u30f3\u30af\u3055\u3093\u3001\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002\u6b21\u306e\u8cea\u554f\u306fISI\u306e\u30de\u30fc\u30af\u30fb\u30de\u30cf\u30cb\u30fc\u304b\u3089\u3067\u3059\u3002\u3069\u3046\u305e\u3088\u308d\u3057\u304f\u304a\u9858\u3044\u3057\u307e\u3059\u3002<\/p>\n

Sumit Singh — \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n

\u3084\u3042\u3001\u30de\u30fc\u30af\u3002<\/p>\n

Mark Mahaney — Evercore ISI — \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n

\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u79c1\u306e\u58f0\u304c\u805e\u3053\u3048\u307e\u3059\u304b\uff1f\u3053\u3093\u306b\u3061\u306f\u3002\u7533\u3057\u8a33\u3042\u308a\u307e\u305b\u3093\u304c\u3001\u3059\u3067\u306b\u304a\u8a71\u304c\u3042\u3063\u305f\u304b\u3082\u3057\u308c\u307e\u305b\u3093\u304c\u3001\u6d77\u5916\u306b\u3064\u3044\u3066\u3001\u6d77\u5916\u5c55\u958b\u306e\u691c\u8a0e\u72b6\u6cc1\u306f\u3044\u304b\u304c\u3067\u3057\u3087\u3046\u304b\uff1f\u305d\u308c\u304b\u3089\u3001\u305d\u308c\u304c\u30aa\u30fc\u30ac\u30cb\u30c3\u30af\u304b\u3069\u3046\u304b\u306b\u3064\u3044\u3066\u3082\u6559\u3048\u3066\u304f\u3060\u3055\u3044\u3002\u305d\u308c\u304b\u3089\u3001Trupanion\u3068\u306e\u63d0\u643a\u306b\u3064\u3044\u3066\u306e\u6700\u65b0\u60c5\u5831\u3068\u305d\u306e\u30bf\u30a4\u30df\u30f3\u30b0\u306b\u3064\u3044\u3066\u3001\u5c11\u3057\u304a\u6642\u9593\u3092\u3044\u305f\u3060\u3051\u306a\u3044\u3067\u3057\u3087\u3046\u304b\u3002\u3053\u308c\u306f\u8a08\u753b\u901a\u308a\u306b\u9032\u3093\u3067\u3044\u308b\u306e\u3067\u3057\u3087\u3046\u304b\uff1f\u307e\u305f\u3001\u305d\u306e\u7acb\u3061\u4e0a\u3052\u306e\u6e96\u5099\u3092\u9032\u3081\u308b\u4e2d\u3067\u3001\u4f55\u304b\u65b0\u3057\u3044\u77e5\u898b\u304c\u3042\u308c\u3070\u6559\u3048\u3066\u304f\u3060\u3055\u3044\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002<\/p>\n

Sumit Singh — \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n

\u3053\u3093\u306b\u3061\u306f\u3001\u30de\u30fc\u30af\u3001\u30b9\u30df\u30c8\u3067\u3059\u30022\u3064\u76ee\u304b\u3089\u304a\u8a71\u3057\u3057\u307e\u3059\u3002\u30d1\u30fc\u30c8\u30ca\u30fc\u3067\u3042\u308bTrupanion\u3068\u3068\u3082\u306b\u3001\u6700\u521d\u306e\u4fdd\u967a\u5546\u54c1\u7fa4\u3092\u8fd1\u3044\u3046\u3061\u306b\u3001\u3064\u307e\u308a30\u65e5\u304b\u308990\u65e5\u4ee5\u5185\u306b\u767a\u58f2\u3059\u308b\u4e88\u5b9a\u3067\u3059\u3002\u3053\u308c\u306f\u4e88\u5b9a\u901a\u308a\u3067\u3042\u308a\u3001\u79c1\u305f\u3061\u306f\u305d\u306e\u3053\u3068\u306b\u8208\u596e\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n

\u6d77\u5916\u306b\u95a2\u3057\u3066\u306f\u3001\u4eca\u65e5\u8ffd\u52a0\u3059\u308b\u3053\u3068\u306f\u3042\u307e\u308a\u3042\u308a\u307e\u305b\u3093\u3002\u79c1\u305f\u3061\u306f\u3001\u6d77\u5916\u3092\u3001\u73fe\u5728\u53c2\u5165\u3057\u3066\u3044\u308b\u7c73\u56fd\u5e02\u58341,200\u5104\u30c9\u30eb\u3092\u8d85\u3048\u308b\u65b0\u305f\u306aTAM\u62e1\u5927\u6a5f\u4f1a\u3068\u3057\u3066\u8a8d\u8b58\u3057\u3066\u3044\u307e\u3059\u3002\u305d\u3057\u3066\u3001\u305d\u308c\u306f\u5f53\u793e\u306b\u3068\u3063\u3066\u4fe1\u983c\u3067\u304d\u308b\u6210\u9577\u306e\u6e90\u6cc9\u3067\u3059\u3002<\/p>\n

\u30aa\u30fc\u30ac\u30cb\u30c3\u30af\u3067\u3042\u308c\u30a4\u30f3\u30aa\u30fc\u30ac\u30cb\u30c3\u30af\u3067\u3042\u308c\u3001\u79c1\u305f\u3061\u306f\u3069\u3061\u3089\u306e\u9053\u3082\u8003\u3048\u3001\u5e02\u5834\u3084e\u30b3\u30de\u30fc\u30b9\u306e\u666e\u53ca\u72b6\u6cc1\u3001\u7269\u6d41\u3001\u30aa\u30da\u30ec\u30fc\u30b7\u30e7\u30f3\u3001\u30a4\u30f3\u30d5\u30e9\u3001Go-to-Market\u306b\u95a2\u9023\u3057\u3066\u771f\u646f\u306b\u53d6\u308a\u7d44\u307f\u3001\u6b63\u3057\u3044\u7d50\u679c\u3092\u51fa\u305b\u308b\u3088\u3046\u9069\u5207\u306b\u5224\u65ad\u3057\u3066\u3044\u304f\u3064\u3082\u308a\u3067\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u300c\u3082\u3057\u300d\u3067\u306f\u306a\u304f\u300c\u3044\u3064\u300d\u306e\u554f\u984c\u306a\u306e\u3067\u3059\u3002<\/p>\n

Mark Mahaney — Evercore ISI — \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n

\u308f\u304b\u308a\u307e\u3057\u305f\u3002\u3042\u308a\u304c\u3068\u3046\u3001Sumit\u3002<\/p>\n

Sumit Singh — \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n

\u3042\u308a\u304c\u3068\u3046\u3001\u30de\u30fc\u30af\u3002<\/p>\n

\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n

\u30de\u30db\u30cb\u30fc\u3055\u3093\u3001\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002\u6b21\u306e\u8cea\u554f\u306f\u3001Wolfe Research\u306eDeepak Mathivanan\u304b\u3089\u3067\u3059\u3002\u3069\u3046\u305e\u3088\u308d\u3057\u304f\u304a\u9858\u3044\u3057\u307e\u3059\u3002<\/p>\n

Deepak Mathivanan — Wolfe Research — \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n

\u3084\u3042\u3001\u307f\u3093\u306a\u3002\u8cea\u554f\u3092\u304a\u53d7\u3051\u3044\u305f\u3060\u304d\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u30022\u3064\u307b\u3069\u8cea\u554f\u3092\u3055\u305b\u3066\u304f\u3060\u3055\u3044\u3002\u307e\u305a\u3001\u4fa1\u683c\u6c34\u6e96\u306b\u3064\u3044\u3066\u304a\u805e\u304b\u305b\u304f\u3060\u3055\u3044\u3002<\/p>\n

\u30a4\u30f3\u30d5\u30ec\u306b\u3088\u308b\u58f2\u4e0a\u7dcf\u5229\u76ca\u3078\u306e\u5f71\u97ff\u304c\u7de9\u548c\u3055\u308c\u3066\u3044\u308b\u3053\u3068\u306f\u3054\u5b58\u77e5\u3060\u3068\u601d\u3044\u307e\u3059\u3002\u3053\u308c\u306f\u7af6\u5408\u4ed6\u793e\u304c\u8ffd\u3044\u3064\u3044\u3066\u304d\u3066\u3001\u3088\u308a\u6709\u5229\u306b\u306a\u3063\u305f\u3068\u3044\u3046\u3053\u3068\u3067\u3057\u3087\u3046\u304b\uff1f\u307e\u305f\u3001\u4fa1\u683c\u4e0a\u6607\u306b\u3088\u3063\u3066\u9700\u8981\u306b\u4f55\u304c\u8d77\u304d\u3066\u3044\u308b\u306e\u3067\u3057\u3087\u3046\u304b\uff1f2\u3064\u76ee\u306e\u8cea\u554f\u3067\u3059\u304c\u3001\u30de\u30ea\u30aa\u3055\u3093\u300122\u5e74\u5ea6\u306e\u6709\u52b9\u9867\u5ba2\u7dad\u6301\u7387\u306b\u3064\u3044\u3066\u3082\u3046\u5c11\u3057\u8a73\u3057\u304f\u6559\u3048\u3066\u304f\u3060\u3055\u3044\u300222\u5e74\u306b\u4e88\u60f3\u3055\u308c\u308b\u30ea\u30c6\u30f3\u30b7\u30e7\u30f3\u306e\u8edf\u5316\u306f\u30012020\u5e74\u306e\u30b3\u30db\u30fc\u30c8\u306b\u3088\u308b\u3082\u306e\u306a\u306e\u3067\u3057\u3087\u3046\u304b\u3001\u305d\u308c\u3068\u30822021\u5e74\u306e\u30b3\u30db\u30fc\u30c8\u306b\u3088\u308b\u3082\u306e\u306a\u306e\u3067\u3057\u3087\u3046\u304b\u3002\u57fa\u672c\u7684\u306b\u306f\u30012\u5e74\u76ee\u306e\u30ea\u30c6\u30f3\u30b7\u30e7\u30f3\u304c\u7570\u306a\u308b\u306e\u304b\u3001\u305d\u308c\u3068\u30821\u5e74\u76ee\u306e\u30ea\u30c6\u30f3\u30b7\u30e7\u30f3\u304c\u904e\u53bb\u306e\u6c34\u6e96\u3068\u6bd4\u8f03\u3055\u308c\u3066\u3044\u308b\u306e\u304b\u3001\u7406\u89e3\u3057\u305f\u3044\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002\u307e\u305f\u3001\u4eca\u5e74\u306e\u30de\u30fc\u30b1\u30c6\u30a3\u30f3\u30b0\u5bfe\u30b0\u30ed\u30b9\u5e83\u544a\u306b\u3064\u3044\u3066\u3082\u6559\u3048\u3066\u3044\u305f\u3060\u3051\u308c\u3070\u5e78\u3044\u3067\u3059\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n

Sumit Singh — \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n

\u30c7\u30a3\u30fc\u30d1\u30c3\u30af\u3001\u30b9\u30df\u30c8\u3067\u3059\u3002\u79c1\u306f\u4e21\u65b9\u3092\u62c5\u5f53\u3057\u3001\u30de\u30ea\u30aa\u306f\u9069\u5f53\u306b\u898b\u3066\u98db\u3073\u5165\u308a\u3067\u53c2\u52a0\u3057\u307e\u3059\u3002\u305d\u308c\u3067\u306f\u6700\u521d\u306b\u3001\u30a4\u30f3\u30d5\u30ec\u306b\u3064\u3044\u3066\u304a\u8a71\u3057\u307e\u3059\u3002SKU\u30ec\u30d9\u30eb\u3067\u8d77\u304d\u3066\u3044\u308b\u30b3\u30b9\u30c8\u30fb\u30a4\u30f3\u30d5\u30ec\u3092\u3082\u3068\u306b\u3001\u54c1\u63c3\u3048\u3068\u4fa1\u683c\u8a2d\u5b9a\u3092\u8a73\u7d30\u306b\u898b\u3066\u3044\u307e\u3059\u3002<\/p>\n

\u5168\u4f53\u3068\u3057\u3066\u3001\u3053\u306e\u30ab\u30c6\u30b4\u30ea\u30fc\u3067\u306f1\u6841\u53f0\u306e\u30b3\u30b9\u30c8\u30fb\u30a4\u30f3\u30d5\u30ec\u3092\u9054\u6210\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002\u3053\u308c\u306f\u307e\u305f\u3001\u3054\u6307\u6458\u306e\u901a\u308a\u3001\u30c8\u30c3\u30d7\u30e9\u30a4\u30f3\u3068\u30de\u30fc\u30b8\u30f3\u306b\u5f71\u97ff\u3092\u4e0e\u3048\u308b\u3082\u306e\u3067\u3059\u3002\u91cd\u8981\u306a\u306e\u306f\u3001\u79c1\u305f\u3061\u306f\u4fa1\u683c\u6226\u7565\u306b\u3064\u3044\u3066\u614e\u91cd\u306b\u53d6\u308a\u7d44\u3093\u3067\u3044\u308b\u3053\u3068\u3067\u3059\u3002\u6210\u9577\u306b\u5f71\u97ff\u3092\u4e0e\u3048\u306a\u3044\u3088\u3046\u3001\u9700\u8981\u306e\u5f3e\u529b\u6027\u306e\u30d0\u30e9\u30f3\u30b9\u3092\u3068\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n

\u305d\u3057\u3066\u3001\u304a\u5ba2\u69d8\u304cChewy\u306b\u671f\u5f85\u3059\u308b\u5f37\u529b\u306a\u4fa1\u5024\u89b3\u3092\u7dad\u6301\u3057\u306a\u304c\u3089\u3001\u5e02\u5834\u306b\u304a\u3044\u3066\u4fa1\u683c\u3092\u6700\u9069\u5316\u3059\u308b\u5177\u4f53\u7684\u306a\u6a5f\u4f1a\u3092\u898b\u51fa\u3057\u3066\u3044\u307e\u3059\u3002\u4e00\u822c\u7684\u306b\u8a00\u3063\u3066\u3001\u73fe\u5728\u306e\u30de\u30af\u30ed\u74b0\u5883\u4e0b\u3067\u4eca\u5e74\u304c\u3069\u306e\u3088\u3046\u306b\u5c55\u958b\u3055\u308c\u308b\u304b\u306b\u3064\u3044\u3066\u306f\u3001\u3044\u304f\u3064\u304b\u306e\u52d5\u304f\u30d4\u30fc\u30b9\u304c\u3042\u308b\u30c6\u30fc\u30de\u3067\u3059\u3002\u79c1\u305f\u3061\u306f\u3001\u3067\u304d\u308b\u9650\u308a\u30c7\u30fc\u30bf\u306b\u57fa\u3065\u3044\u3066\u3001\u771f\u646f\u306b\u53d6\u308a\u7d44\u307f\u305f\u3044\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002\u7b2c1\u56db\u534a\u671f\u3092\u898b\u308b\u3068\u3001\u4fa1\u683c\u306f1\u6841\u53f0\u524d\u534a\u3067\u30b3\u30b9\u30c8\u3092\u30ea\u30fc\u30c9\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n

\u7b2c1\u56db\u534a\u671f\u3092\u898b\u308b\u3068\u3001\u4fa1\u683c\u304c\u539f\u4fa1\u30921\u6841\u53f0\u524d\u534a\u3067\u30ea\u30fc\u30c9\u3057\u3066\u304a\u308a\u3001\u3053\u308c\u304c\u3072\u3068\u3064\u306e\u76ee\u5b89\u306b\u306a\u308b\u3068\u601d\u3044\u307e\u3059\u30022\u756a\u76ee\u306e\u8cea\u554f\u306b\u95a2\u3057\u3066\u306f\u3001\u4e21\u65b9\u3067\u3059\u3002\u30de\u30ea\u30aa\u304c\u8a00\u53ca\u3057\u305f\u3088\u3046\u306b\u30012020\u5e74\u306821\u5e74\u3067\u3059\u30022020\u5e74\u306f\u5927\u578b\u306e\u30b3\u30db\u30fc\u30c8\u3067\u3059\u3002<\/p>\n

\u305d\u306e\u305f\u3081\u30012\u5e74\u76ee\u304b\u30893\u5e74\u76ee\u306b\u304b\u3051\u3066\u306e\u6d88\u8017\u306f\u5c11\u306a\u3044\u306e\u3067\u3059\u304c\u3001\u305d\u308c\u4ee5\u964d\u3082\u6d88\u8017\u304c\u7d9a\u304f\u3053\u3068\u304c\u3042\u308b\u306e\u3067\u3059\u3002\u305d\u3057\u3066\u300121\u5e74\u3001\u5f7c\u306e\u898b\u89e3\u306f\u3001\u79c1\u305f\u3061\u3082\u5171\u6709\u3057\u3066\u3044\u308b\u3082\u306e\u3067\u3042\u308a\u3001\u7d4c\u6e08\u304c\u5e83\u304f\u958b\u653e\u3055\u308c\u308b\u306b\u3064\u308c\u3066\u3001\u5e83\u304f\u89b3\u5bdf\u3057\u3066\u3044\u308b\u3082\u306e\u3067\u3059\u3002\u305d\u3053\u3067\u3001\u3053\u306e\u56de\u7b54\u3068\u3001\u3054\u8cea\u554f\u306e\u3042\u3063\u305f\u30de\u30fc\u30b1\u30c6\u30a3\u30f3\u30b0\u306b\u95a2\u3059\u308b\u8cea\u554f\u3092\u7d44\u307f\u5408\u308f\u305b\u3066\u3001\u3053\u306e\u3088\u3046\u306b\u56de\u7b54\u3055\u305b\u3066\u3044\u305f\u3060\u304d\u307e\u3059\u306d\u300222\u5e74\u306e\u30de\u30fc\u30b1\u30c6\u30a3\u30f3\u30b0\u306f\u3001\u3044\u304f\u3064\u304b\u306e\u8981\u56e0\u306b\u3088\u3063\u3066\u5f71\u97ff\u3092\u53d7\u3051\u308b\u3068\u601d\u3044\u307e\u3059\u30021\u3064\u306f\u3001\u7d4c\u6e08\u304c\u56de\u5fa9\u3059\u308b\u306b\u3064\u308c\u3066\u3001\u304a\u5ba2\u69d8\u304c\u81ea\u5b85\u3092\u51fa\u3066\u76f4\u63a5\u8cb7\u3044\u7269\u3092\u3057\u305f\u308a\u3001\u76f4\u63a5\u30b5\u30fc\u30d3\u30b9\u3092\u53d7\u3051\u305f\u308a\u3059\u308b\u3053\u3068\u304c\u591a\u304f\u306a\u308b\u3053\u3068\u3067\u3059\u3002<\/p>\n

2\u3064\u76ee\u306f\u3001\u30de\u30ea\u30aa\u304c\u8a00\u53ca\u3057\u305f\u696d\u754c\u30ec\u30d9\u30eb\u306e\u5728\u5eab\u5207\u308c\u304c\u3001\u304a\u5ba2\u69d8\u306b\u3068\u3063\u3066\u6700\u9069\u3068\u306f\u3044\u3048\u306a\u3044\u8cfc\u8cb7\u4f53\u9a13\u306b\u3064\u306a\u304c\u308a\u3001\u8907\u6570\u306e\u5c0f\u58f2\u696d\u8005\u3068\u306e\u30af\u30ed\u30b9\u30b7\u30e7\u30c3\u30d4\u30f3\u30b0\u3092\u4fc3\u9032\u3057\u3066\u3044\u308b\u3053\u3068\u3067\u3059\u3002\u79c1\u305f\u3061\u306f\u3001\u3053\u306e\u3088\u3046\u306a\u72b6\u6cc1\u306b\u3088\u308a\u3001\u9867\u5ba2\u7372\u5f97\u3068\u9867\u5ba2\u7dad\u6301\u306e\u30d0\u30e9\u30f3\u30b9\u3092\u4fdd\u3064\u3053\u3068\u304c\u3067\u304d\u308b\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002\u307e\u305f\u3001\u3053\u308c\u306f2022\u5e74\u306e\u30da\u30c3\u30c8\u30ab\u30c6\u30b4\u30ea\u30fc\u306e\u3059\u3079\u3066\u306e\u30d7\u30ec\u30fc\u30e4\u30fc\u306b\u5f71\u97ff\u3092\u4e0e\u3048\u308b\u3068\u601d\u308f\u308c\u307e\u3059\u3002<\/p>\n

\u3057\u304b\u3057\u3001\u3053\u308c\u306f\u4e00\u904e\u6027\u306e\u5f71\u97ff\u3067\u3042\u308a\u3001\u9577\u671f\u7684\u306a\u3082\u306e\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u30023\u3064\u76ee\u306f\u3001\u73fe\u5728\u3001\u9ad8\u3044\u30a4\u30f3\u30d5\u30ec\u304c\u88c1\u91cf\u7684\u306a\u30ab\u30c6\u30b4\u30ea\u30fc\u306b\u5727\u7e2e\u3092\u4e0e\u3048\u3066\u3044\u308b\u3053\u3068\u3067\u3059\u3002\u4f8b\u3048\u3070\u3001\u30da\u30c3\u30c8\u3060\u3051\u3067\u306a\u304f\u3001\u5e83\u304f\u30a2\u30e1\u30ea\u30ab\u306e\u5c0f\u58f2\u696d\u3092\u898b\u308b\u3068\u3001\u73fe\u5728<\/p>\n

\u30da\u30c3\u30c8\u3060\u3051\u3067\u306a\u304f\u3001\u5e83\u304f\u7c73\u56fd\u306e\u5c0f\u58f2\u696d\u3067\u306f\u3001\u30cf\u30fc\u30c9\u30e9\u30a4\u30f3\u30fb\u30ab\u30c6\u30b4\u30ea\u30fc\u306f\u4eca\u5e74\u4e00\u6841\u524d\u534a\u304b\u3089\u534a\u3070\u306e\u6210\u9577\u304c\u898b\u8fbc\u307e\u308c\u3066\u3044\u307e\u3059\u3002\u3053\u306e\u3053\u3068\u306f\u3001\u5404\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u306e\u691c\u7d22\u30c7\u30fc\u30bf\u304b\u3089\u3082\u78ba\u8a8d\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002\u5b9f\u969b\u30012\u6708\u306e\u30cf\u30fc\u30c9\u30e9\u30a4\u30f3\u306e\u691c\u7d22\u30af\u30a8\u30ea\u30fc\u306f\u3001\u524d\u5e74\u6bd4\u306715\uff05\u6e1b\u3067\u3057\u305f\u30022022\u5e74\u306b\u306f\u3001\u3053\u306e\u3088\u3046\u306a\u8981\u56e0\u306b\u3088\u3063\u3066\u3001\u5c0f\u58f2\u696d\u8005\u3084\u96fb\u5b50\u5546\u53d6\u5f15\u696d\u8005\u306f\u3001\u3053\u306e\u3088\u3046\u306a\u666f\u6c17\u5909\u52d5\u306e\u4e2d\u3067\u3001\u9069\u5207\u306a\u30b9\u30c8\u30ec\u30b9\u3092\u53d7\u3051\u3001\u30de\u30a4\u30f3\u30c9\u30b7\u30a7\u30a2\u3092\u4e8c\u5206\u3057\u3066\u3044\u308b\u9867\u5ba2\u306e\u53d6\u308a\u5408\u3044\u3092\u3059\u308b\u3088\u3046\u306b\u306a\u308b\u3060\u308d\u3046\u3068\u79c1\u305f\u3061\u306f\u8003\u3048\u3066\u3044\u307e\u3059\u3002<\/p>\n

\u305d\u306e\u7d50\u679c\u3001\u5e83\u544a\u5e02\u5834\u306e\u9700\u8981\u3068\u4f9b\u7d66\u306e\u30d0\u30e9\u30f3\u30b9\u304c\u4e0d\u5b89\u5b9a\u306b\u306a\u308a\u3001\u30de\u30fc\u30b1\u30c6\u30a3\u30f3\u30b0\u30b3\u30b9\u30c8\u3001\u30b0\u30ed\u30b9\u30a2\u30c9\u3001\u30cd\u30c3\u30c8\u30a2\u30c9\u304c\u5909\u52d5\u3059\u308b\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u3002\u306a\u304a\u3001\u30de\u30fc\u30b1\u30c6\u30a3\u30f3\u30b0\u30fb\u30bb\u30af\u30b7\u30e7\u30f3\u3067\u306f\u3001\u3053\u306e\u5206\u91ce\u306e\u5177\u4f53\u7684\u306a\u652f\u51fa\u984d\u306b\u3064\u3044\u3066\u306f\u3054\u6848\u5185\u3057\u3066\u3044\u307e\u305b\u3093\u3002\u3057\u304b\u3057\u3001\u58f2\u4e0a\u9ad8\u306e6%\u304b\u30897%\u3068\u3044\u3046\u9577\u671f\u7684\u306a\u7bc4\u56f2\u5185\u3067\u63a8\u79fb\u3057\u3066\u3044\u307e\u3059\u3002\u3053\u306e\u6c34\u6e96\u306f\u3001\u3042\u308b\u56db\u534a\u671f\u306f\u9ad8\u304f\u3001\u3042\u308b\u56db\u534a\u671f\u306f\u4f4e\u304f\u306a\u308b\u3068\u601d\u3044\u307e\u3059\u304c\u3001\u5168\u4f53\u3068\u3057\u3066\u306f\u7dad\u6301\u3055\u308c\u308b\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002<\/p>\n

\u3054\u53c2\u8003\u306b\u306a\u308c\u3070\u5e78\u3044\u3067\u3059\u3002<\/p>\n

Deepak Mathivanan — Wolfe Research — \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n

\u306f\u3044\u3002\u3044\u3084\u3001\u3068\u3066\u3082\u53c2\u8003\u306b\u306a\u308a\u307e\u3059\u3002\u30b9\u30df\u30c8\u3055\u3093\u3001\u4e01\u5be7\u306a\u56de\u7b54\u3092\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n

Sumit Singh — \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n

\u3042\u308a\u304c\u3068\u3046\u3001Deep\u3002<\/p>\n

\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n

\u30de\u30c6\u30a3\u30d0\u30ca\u30f3\u3055\u3093\u3001\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002\u6b21\u306e\u8cea\u554f\u306f\u3001\u30e2\u30eb\u30ac\u30f3\u30fb\u30b9\u30bf\u30f3\u30ec\u30fc\u306e\u30ed\u30fc\u30ec\u30f3\u30fb\u30b7\u30a7\u30f3\u30af\u304b\u3089\u3067\u3059\u3002\u3069\u3046\u305e\u3088\u308d\u3057\u304f\u304a\u9858\u3044\u3057\u307e\u3059\u3002<\/p>\n

Lauren Schenk — Morgan Stanley — \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n

\u79c1\u306e\u8cea\u554f\u306b\u7b54\u3048\u3066\u304f\u308c\u3066\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u3042\u306a\u305f\u304c\u898b\u3066\u3044\u308b\u591a\u304f\u306e\u9006\u98a8\u306f\u3001\u3042\u306a\u305f\u56fa\u6709\u306e\u3082\u306e\u3067\u306f\u306a\u304f\u3001\u3088\u308a\u5e83\u7bc4\u306a\u30b5\u30d7\u30e9\u30a4\u30c1\u30a7\u30fc\u30f3\u306e\u30a4\u30f3\u30d5\u30ec\u306a\u3069\u306e\u3088\u3046\u306a\u3082\u306e\u3060\u3068\u7406\u89e3\u3057\u3066\u3044\u307e\u3059\u3002\u3057\u304b\u3057\u30015%\u304b\u308910%\u306e\u30de\u30fc\u30b8\u30f3\u3092\u9577\u671f\u7684\u306b\u78ba\u4fdd\u3067\u304d\u308b\u3068\u78ba\u4fe1\u3057\u3066\u3044\u308b\u7406\u7531\u306f\u4f55\u3067\u3057\u3087\u3046\u304b\uff1f\u4e00\u904e\u6027\u306e\u9006\u98a8\u3068\u601d\u308f\u308c\u308b\u3082\u306e\u3092\u9664\u3044\u3066\u3001\u30de\u30fc\u30b8\u30f3\u306e\u5897\u52a0\u3084\u30d3\u30b8\u30cd\u30b9\u306e\u30d5\u30ed\u30fc\u30b9\u30eb\u30fc\u3092\u8003\u3048\u308b\u4e0a\u3067\u3001\u4f55\u304b\u53c2\u8003\u306b\u306a\u308b\u3088\u3046\u306a\u3053\u3068\u306f\u306a\u3044\u3067\u3057\u3087\u3046\u304b\uff1f\u305d\u306e\u8fba\u308a\u306e\u60c5\u5831\u304c\u3042\u308c\u3070\u3001\u672c\u5f53\u306b\u52a9\u304b\u308a\u307e\u3059\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002<\/p>\n

Sumit Singh — \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n

\u306f\u3044\u3001\u30b7\u30a7\u30f3\u30af\u3001\u30b9\u30df\u30c8\u3067\u3059\u3002\u9577\u3044\u7b54\u3048\u306b\u306a\u308b\u304b\u3082\u3057\u308c\u307e\u305b\u3093\u3002\u305d\u3053\u3067\u3001\u3044\u304f\u3064\u304b\u306e\u90e8\u5206\u306b\u5206\u3051\u3066\u3001\u30d5\u30ec\u30fc\u30e0\u3067\u8aac\u660e\u3059\u308b\u3053\u3068\u306b\u3057\u307e\u3059\u3002<\/p>\n

\u601d\u3044\u8d77\u3053\u305b\u3070\u3001EBITDA\u30de\u30fc\u30b8\u30f35%\u304b\u308910%\u3092\u69cb\u6210\u3059\u308b\u8981\u7d20\u306f\u3001\u307e\u305a\u58f2\u4e0a\u7dcf\u5229\u76ca\u7387\u309225%\u304b\u308928%\u306b\u62e1\u5927\u3059\u308b\u3053\u3068\u3067\u3059\u3002\u672c\u65e5\u306e\u767a\u8868\u8cc7\u6599\u3067\u3082\u7e70\u308a\u8fd4\u3057\u8ff0\u3079\u3066\u3044\u307e\u3059\u304c\u3001\u79c1\u305f\u3061\u306f\u3053\u308c\u3089\u306e\u9006\u98a8\u3092\u514b\u670d\u3059\u308b\u80fd\u529b\u306b\u81ea\u4fe1\u3092\u6301\u3063\u3066\u3044\u307e\u3059\u3002\u307e\u305f\u3001\u5f53\u793e\u306e\u30d3\u30b8\u30cd\u30b9\u306e\u4e2d\u6838\u3068\u306a\u308b\u5f37\u307f\u3001\u30a8\u30f3\u30b2\u30fc\u30b8\u30e1\u30f3\u30c8\u3001\u30ed\u30a4\u30e4\u30eb\u30c6\u30a3\u3001\u305d\u3057\u3066\u4eca\u5f8c\u958b\u59cb\u3059\u308b\u30d7\u30ed\u30b0\u30e9\u30e0\uff08\u73fe\u5728\u306e\u30d7\u30ed\u30b0\u30e9\u30e0\u3082\u542b\u3081\u3066\uff09\u306f\u3001\u307e\u3060\u5341\u5206\u306b\u30b9\u30b1\u30fc\u30eb\u30a2\u30c3\u30d7\u3057\u3066\u304a\u3089\u305a\u3001\u58f2\u4e0a\u7dcf\u5229\u76ca\u7387\u306e\u4e0a\u9650\u3092\u9054\u6210\u3067\u304d\u308b\u53ef\u80fd\u6027\u3092\u6b8b\u3057\u3066\u3044\u308b\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002\u6b21\u306b\u3001\u8ca9\u58f2\u8cbb\u304a\u3088\u3073\u4e00\u822c\u7ba1\u7406\u8cbb\u3067\u3059\u3002<\/p>\n

3\u3064\u76ee\u306f\u3001\u30de\u30fc\u30b1\u30c6\u30a3\u30f3\u30b0\u3067\u3059\u3002\u307e\u305a\u30de\u30fc\u30b1\u30c6\u30a3\u30f3\u30b0\u306b\u3064\u3044\u3066\u8aac\u660e\u3057\u3001\u6b21\u306b\u8ca9\u58f2\u7ba1\u7406\u8cbb\u306b\u3064\u3044\u3066\u8a73\u3057\u304f\u8aac\u660e\u3057\u307e\u3059\u3002\u30de\u30fc\u30b1\u30c6\u30a3\u30f3\u30b0\u306f\u3001\u5148\u307b\u3069\u7533\u3057\u4e0a\u3052\u305f\u3088\u3046\u306b\u30016%\u304b\u30897%\u306e\u9593\u3067\u63a8\u79fb\u3057\u3066\u304a\u308a\u3001\u3053\u306e\u6c34\u6e96\u304c\u9069\u6b63\u3067\u3042\u308b\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u305d\u308c\u304c\u3069\u306e\u7a0b\u5ea6\u306e\u30ec\u30d0\u30ec\u30c3\u30b8\u306b\u306a\u308b\u304b\u306f\u3001\u5c06\u6765\u7684\u306b\u5224\u65ad\u3059\u308b\u3053\u3068\u306b\u306a\u308b\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n

\u6b21\u306b\u3001\u8ca9\u58f2\u7ba1\u7406\u8cbb\u306b\u3064\u3044\u3066\u3067\u3059\u3002\u3053\u306e\u9805\u76ee\u306e\u898b\u65b9\u3092\u3088\u308a\u3088\u304f\u7406\u89e3\u3057\u3066\u3044\u305f\u3060\u304f\u305f\u3081\u306b\u3001\u3054\u8aac\u660e\u3057\u307e\u3059\u3002\u8ca9\u58f2\u8cbb\u304a\u3088\u3073\u4e00\u822c\u7ba1\u7406\u8cbb\u306b\u306f3\u3064\u306e\u8981\u7d20\u304c\u3042\u308a\u307e\u3059\u3002\u307e\u305a\u3001\u8ca9\u58f2\u7ba1\u7406\u8cbb\u306e\u5927\u90e8\u5206\u3092\u5360\u3081\u308b\u5909\u52d5\u8cbb\u90e8\u9580\u3067\u3059\u304c\u3001\u3053\u308c\u306f\u30c8\u30c3\u30d7\u30e9\u30a4\u30f3\u3068\u3068\u3082\u306b\u5897\u52a0\u3057\u307e\u3059\u3002\u3053\u308c\u306f\u30012021\u5e74\u306b\u304a\u8a71\u3057\u305f\u8cc3\u91d1\u30fb\u798f\u5229\u539a\u751f\u306e\u5411\u4e0a\u306b\u7d041\u5104\u30c9\u30eb\u306e\u6295\u8cc7\u3092\u884c\u3063\u305f\u3068\u3053\u308d\u3067\u3059\u3002<\/p>\n

\u305d\u306e\u5927\u90e8\u5206\u306f\u6052\u4e45\u7684\u306a\u3082\u306e\u3060\u3068\u601d\u308f\u308c\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u8cc3\u91d1\u3092\u6b63\u898f\u5316\u3059\u308b\u3068\u3001\u30d5\u30eb\u30d5\u30a3\u30eb\u30e1\u30f3\u30c8\u30bb\u30f3\u30bf\u30fc\u306e\u751f\u7523\u6027\u3001\u3064\u307e\u308a2021\u5e74\u306e\u57fa\u672c\u5909\u52d5\u8cbb\u306f\u3001\u540c\u6642\u671f\u306e17\uff05\u306e\u8cc3\u91d1\u30a4\u30f3\u30d5\u30ec\u3092\u80cc\u666f\u306b\u3001\u7d048\uff05\u30b9\u30b1\u30fc\u30eb\u30a2\u30c3\u30d7\u3057\u3066\u3044\u308b\u3053\u3068\u304c\u304a\u308f\u304b\u308a\u3044\u305f\u3060\u3051\u308b\u3068\u601d\u3044\u307e\u3059\u3002\u30d5\u30eb\u30d5\u30a3\u30eb\u30e1\u30f3\u30c8\u30bb\u30f3\u30bf\u30fc\u306e\u81ea\u52d5\u5316\u3068\u3001FC\u30aa\u30da\u30ec\u30fc\u30b7\u30e7\u30f3\u30c1\u30fc\u30e0\u3068\u30b5\u30dd\u30fc\u30c8\u30c1\u30fc\u30e0\u306b\u3088\u308b\u793e\u5185\u751f\u7523\u6027\u5411\u4e0a\u304c\u3001\u3053\u306e\u30ec\u30d0\u30ec\u30c3\u30b8\u306e\u539f\u52d5\u529b\u3067\u3042\u308a\u3001\u4eca\u5f8c\u3082\u305d\u3046\u3057\u3066\u3044\u304d\u307e\u3059\u3002\u81ea\u52d5\u5316\u3055\u308c\u305f3\u3064\u306e\u30d5\u30eb\u30d5\u30a3\u30eb\u30e1\u30f3\u30c8\u30bb\u30f3\u30bf\u30fc\u306f\u3001\u4eca\u5f8c2\u5e74\u9593\u306740\uff5e60\u30d9\u30fc\u30b7\u30b9\u30dd\u30a4\u30f3\u30c8\u306e\u30ec\u30d0\u30ec\u30c3\u30b8\u3092\u5897\u52a0\u3055\u305b\u308b\u898b\u8fbc\u307f\u3067\u3059\u3002<\/p>\n

\u307e\u305f\u3001\u81ea\u52d5\u5316\u3055\u308c\u305fFC\u306e\u6570\u3092\u5897\u3084\u3057\u3001\u751f\u7523\u6027\u3092\u5411\u4e0a\u3055\u305b\u308b\u3053\u3068\u3067\u300140\uff5e60\u30d9\u30fc\u30b7\u30b9\u30dd\u30a4\u30f3\u30c8\u4ee5\u4e0a\u306e\u30ec\u30d0\u30ec\u30c3\u30b8\u304c\u671f\u5f85\u3067\u304d\u307e\u3059\u3002\u3053\u308c\u304c1\u3064\u76ee\u306e\u30dd\u30a4\u30f3\u30c8\u3067\u3059\u3002\u3053\u306eOPEX\u306e\u30b5\u30d6\u30dd\u30a4\u30f3\u30c8\u3067\u3042\u308b\u5909\u52d5OPEX\u306f\u3001\u30b5\u30d7\u30e9\u30a4\u30c1\u30a7\u30fc\u30f3\u306e\u30a2\u30f3\u30d0\u30e9\u30f3\u30b9\u3068\u6df7\u4e71\u304cFC\u306e\u6700\u9069\u306a\u30aa\u30da\u30ec\u30fc\u30b7\u30e7\u30f3\u30d5\u30ed\u30fc\u3092\u59a8\u3052\u3066\u3044\u308b\u73fe\u72b6\u304c\u3042\u308a\u30012022\u5e74\u306b\u306f20\uff5e30bp\u306e\u30ec\u30d0\u30ec\u30c3\u30b8\u304c\u304b\u304b\u308b\u3068\u898b\u3066\u3044\u307e\u3059\u3002<\/p>\n

\u8ca9\u7ba1\u8cbb\u306e\u3046\u3061\u3001\u5909\u52d5\u8cbb\u4ee5\u5916\u306e2\u3064\u76ee\u306e\u69cb\u6210\u8981\u7d20\u306f\u3001\u30d3\u30eb\u3092\u904b\u55b6\u3059\u308b\u305f\u3081\u306e\u56fa\u5b9a\u7684\u306a\u30d5\u30eb\u30d5\u30a3\u30eb\u30e1\u30f3\u30c8\u8cbb\u7528\u3067\u3059\u3002\u3053\u308c\u306f\u3001\u5728\u5eab\u3068\u52b4\u50cd\u529b\u306e\u4e21\u65b9\u306b\u3088\u3063\u3066\u5f15\u304d\u8d77\u3053\u3055\u308c\u308b\u30ad\u30e3\u30d1\u30b7\u30c6\u30a3\u306e\u30a2\u30f3\u30d0\u30e9\u30f3\u30b9\u304c\u3001\u73fe\u6642\u70b9\u3067\u306e\u30d5\u30eb\u30d5\u30a3\u30eb\u30e1\u30f3\u30c8\u30bb\u30f3\u30bf\u30fc\u306e\u7a3c\u50cd\u7387\u3092\u4f4e\u4e0b\u3055\u305b\u3066\u3044\u308b\u3053\u3068\u304c\u539f\u56e0\u3067\u3059\u3002\u3053\u306e\u305f\u3081\u300130\uff5e50\u30d9\u30fc\u30b7\u30b9\u30dd\u30a4\u30f3\u30c8\u306e\u30ec\u30d0\u30ec\u30c3\u30b8\u304c\u4e00\u6642\u7684\u306b\u6291\u5236\u3055\u308c\u3066\u3044\u307e\u3059\u304c\u3001\u4eca\u5f8c12\uff5e18\u30f5\u6708\u3067\u6b63\u5e38\u5316\u3059\u308b\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u30023\u3064\u3081\u306e\u69cb\u6210\u8981\u7d20\u306f\u3001\u4e3b\u306b\u30bd\u30d5\u30c8\u30a6\u30a7\u30a2\u3001\u30c6\u30af\u30ce\u30ed\u30b8\u30fc\u3001\u6210\u9577\u3092\u4fc3\u9032\u3059\u308b\u305f\u3081\u306e\u30c1\u30fc\u30e0\u3084\u80fd\u529b\u306b\u5bfe\u3059\u308b\u6295\u8cc7\u3067\u69cb\u6210\u3055\u308c\u308bG&A\u3067\u3059\u3002<\/p>\n

\u3053\u3053\u3067\u306f\u3001\u9577\u671f\u7684\u306b\u6210\u9577\u304a\u3088\u3073\u5229\u76ca\u5897\u306b\u3064\u306a\u304c\u308b\u65b0\u3057\u3044\u30a4\u30cb\u30b7\u30a2\u30c6\u30a3\u30d6\u306e\u305f\u3081\u306e\u6295\u8cc7\u3092\u884c\u3063\u3066\u3044\u307e\u3059\u3002\u4eca\u65e5\u306e\u96fb\u8a71\u4f1a\u8b70\u3067\u3082\u3044\u304f\u3064\u304b\u304a\u8a71\u3057\u307e\u3057\u305f\u304c\u3001\u30b5\u30d7\u30e9\u30a4\u30c1\u30a7\u30fc\u30f3\u304b\u3089\u30ed\u30b8\u30b9\u30c6\u30a3\u30af\u30b9\u3001\u305d\u3057\u306622\u5e74\u306823\u5e74\u306e\u65b0\u898f\u4e8b\u696d\u306e\u7acb\u3061\u4e0a\u3052\u306b\u81f3\u308b\u307e\u3067\u3001\u3055\u307e\u3056\u307e\u306a\u3082\u306e\u304c\u3042\u308a\u307e\u3059\u3002\u30d8\u30eb\u30b9\u30b1\u30a2\u306f\u305d\u306e\u6700\u305f\u308b\u4f8b\u3067\u3001\u5148\u884c\u6295\u8cc7\u304c\u5fc5\u8981\u3067\u3059\u304c\u3001\u73fe\u5728\u3067\u306f\u4fe1\u983c\u3067\u304d\u308b\u6025\u6210\u9577\u4e2d\u306e\u5229\u76ca\u7387\u5411\u4e0a\u30d3\u30b8\u30cd\u30b9\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002\u5168\u4f53\u3068\u3057\u3066\u3001\u3053\u306eG&A\u30d0\u30b1\u30c3\u30c8\u306f\u30012022\u5e74\u306e\u51fa\u53e3\u306b\u5411\u3051\u3066\u898f\u6a21\u3092\u62e1\u5927\u3057\u59cb\u3081\u308b\u3067\u3057\u3087\u3046\u3002<\/p>\n

\u4ee5\u4e0a\u3001\u8ca9\u58f2\u7ba1\u7406\u8cbb\u306e\u898b\u901a\u3057\u306b\u3064\u3044\u3066\u3054\u8aac\u660e\u3057\u307e\u3057\u305f\u3002\u79c1\u305f\u3061\u306f\u898f\u5f8b\u3092\u5b88\u308a\u3001\u719f\u8003\u3057\u3001\u96c6\u4e2d\u3057\u3001\u3053\u308c\u3089\u306e\u640d\u76ca\u9805\u76ee\u3092\u7d04\u675f\u3057\u305f5%\u304b\u308910%\u306e\u7bc4\u56f2\u5185\u306b\u53ce\u3081\u308b\u3053\u3068\u3092\u6c7a\u610f\u3057\u3066\u3044\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002<\/p>\n

Lauren Schenk — \u30e2\u30eb\u30ac\u30f3\u30b9\u30bf\u30f3\u30ec\u30fc — \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n

\u3068\u3066\u3082\u53c2\u8003\u306b\u306a\u308a\u307e\u3057\u305f\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n

\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n

\u30b7\u30a7\u30f3\u30af\u3055\u3093\u3001\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002\u6b21\u306e\u8cea\u554f\u306f\u30b0\u30c3\u30b2\u30f3\u30cf\u30a4\u30e0\u8a3c\u5238\u306e\u30b9\u30c6\u30a3\u30fc\u30d6\u30fb\u30d5\u30a9\u30fc\u30d6\u30b9\u3055\u3093\u304b\u3089\u3067\u3059\u3002\u3069\u3046\u305e\u3088\u308d\u3057\u304f\u304a\u9858\u3044\u3057\u307e\u3059\u3002<\/p>\n

Matt Norton — Guggenheim Securities — \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n

\u30de\u30c3\u30c8\u30fb\u30ce\u30fc\u30c8\u30f3\u3001\u30b9\u30c6\u30a3\u30fc\u30d6\u30fb\u30d5\u30a9\u30fc\u30d6\u30b9\u306e\u4ee3\u7406\u3067\u3059\u3002\u305d\u306e\u4ed6\u306e\u58f2\u4e0a\u306b\u3064\u3044\u3066\u89e6\u308c\u305f\u3044\u3068\u601d\u3044\u307e\u3059\u3002\u3068\u3044\u3046\u306e\u3082\u3001\u305d\u306e\u4ed6\u306e\u58f2\u4e0a\u306f\u5f15\u304d\u7d9a\u304d\u597d\u8abf\u3067\u3001\u58f2\u4e0a\u9ad8\u306b\u5360\u3081\u308b\u5272\u5408\u3082\u4f38\u3073\u3066\u3044\u307e\u3059\u3002\u305d\u306e\u4e2d\u306e\u9805\u76ee\u306b\u3064\u3044\u3066\u306e\u6700\u65b0\u60c5\u5831\u304c\u5f97\u3089\u308c\u308c\u3070\u3068\u601d\u3044\u307e\u3059\u3002\u30d7\u30e9\u30a4\u30d9\u30fc\u30c8\u30d6\u30e9\u30f3\u30c9\u306f\u3069\u306e\u3088\u3046\u306a\u50be\u5411\u3067\u3059\u304b\uff1f\u30d7\u30e9\u30a4\u30d9\u30fc\u30c8\u30d6\u30e9\u30f3\u30c9\u306e\u666e\u53ca\u7387\u3084\u30b3\u30fc\u30db\u30fc\u30c8\u5225\u306e\u5dee\u7570\u306b\u3064\u3044\u3066\u3001\u6700\u65b0\u60c5\u5831\u3092\u5165\u624b\u3067\u304d\u3066\u3044\u306a\u3044\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n

\u307e\u305f\u3001\u6d88\u8cbb\u8005\u304c\u4fa1\u683c\u5f3e\u529b\u6027\u3092\u793a\u3057\u59cb\u3081\u308b\u74b0\u5883\u4e0b\u3067\u3001\u7279\u306b\u30cf\u30fc\u30c9\u30b0\u30c3\u30ba\u30ab\u30c6\u30b4\u30ea\u30fc\u3067\u30b7\u30a7\u30a2\u3092\u7372\u5f97\u3059\u308b\u305f\u3081\u306e\u6f5c\u5728\u7684\u306a\u624b\u6bb5\u3068\u3057\u3066\u3001\u30d7\u30e9\u30a4\u30d9\u30fc\u30c8\u30d6\u30e9\u30f3\u30c9\u306f\u3069\u306e\u3088\u3046\u306b\u304a\u8003\u3048\u3067\u3057\u3087\u3046\u304b\u3002\u305d\u308c\u304b\u3089\u3001\u85ac\u5c40\u4e8b\u696d\u306b\u3064\u3044\u3066\u3001\u58f2\u4e0a\u304c\u3069\u306e\u7a0b\u5ea6\u4f38\u3073\u3066\u3044\u308b\u306e\u304b\u3001\u30b3\u30fc\u30db\u30fc\u30c8\u5225\u306e\u9055\u3044\u306f\u3042\u308b\u306e\u304b\u306a\u3069\u3001\u6700\u65b0\u60c5\u5831\u3092\u6559\u3048\u3066\u3044\u305f\u3060\u3051\u308c\u3070\u3068\u601d\u3044\u307e\u3059\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002<\/p>\n

Sumit Singh — \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n

\u30de\u30c3\u30c8\u3055\u3093\u3001\u8cea\u554f\u306e\u5f8c\u534a\u3092\u3082\u3046\u4e00\u5ea6\u304a\u9858\u3044\u3057\u307e\u3059\u3002\u30d7\u30e9\u30a4\u30d9\u30fc\u30c8\u30d6\u30e9\u30f3\u30c9\u306f\u3001\u6226\u7565\u7684\u306a\u5206\u91ce\u3060\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002\u58f2\u4e0a\u9ad8\u306e15%\u304b\u308930%\u3092\u5360\u3081\u308b\u3088\u3046\u306b\u3057\u305f\u3044\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002\u30d7\u30e9\u30a4\u30d9\u30fc\u30c8\u30d6\u30e9\u30f3\u30c9\u306f\u3001\u30ab\u30c6\u30b4\u30ea\u30fc\u5225\u306e\u6210\u9577\u7387\u3088\u308a\u3082\u9ad8\u3044\u6c34\u6e96\u3067\u6210\u9577\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n

\u30cf\u30fc\u30c9\u30ab\u30d0\u30fc\u306e\u666e\u53ca\u7387\u306f20%\u4ee5\u4e0a\u306b\u9054\u3057\u3001\u6d88\u8017\u54c1\u306f\u4e00\u6841\u53f0\u524d\u534a\u304b\u3089\u534a\u3070\u306b\u306a\u3063\u3066\u3044\u307e\u3059\u3002\u30cf\u30fc\u30c9\u306f\u30b3\u30e2\u30c7\u30a3\u30c6\u30a3\u5316\u304c\u9032\u3093\u3067\u304a\u308a\u3001\u6d88\u8017\u54c1\u306e\u30d6\u30e9\u30f3\u30c9\u306f\u9867\u5ba2\u30ed\u30a4\u30e4\u30ea\u30c6\u30a3\u304c\u9ad8\u3044\u306e\u3067\u3001\u30cf\u30fc\u30c9\u304c15%\u304b\u308930%\u3092\u727d\u5f15\u3057\u3066\u3044\u304f\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u5168\u4f53\u3068\u3057\u3066\u3001\u79c1\u305f\u3061\u306f\u3053\u306e\u9032\u6357\u306b\u6e80\u8db3\u3057\u3066\u3044\u307e\u3059\u3002\u5148\u307b\u3069\u7533\u3057\u4e0a\u3052\u305f\u3088\u3046\u306b\u3001\u6d88\u8cbb\u8005\u306f\u4fa1\u5024\u3092\u6c42\u3081\u3001\u8a55\u4fa1\u306e\u9ad8\u3044\u6d88\u8cbb\u8ca1\u3092\u6c42\u3081\u3066\u3044\u307e\u3059\u3002<\/p>\n

\u30b3\u30f3\u30d0\u30fc\u30b8\u30e7\u30f3\u306f\u3001\u30b3\u30f3\u30d0\u30fc\u30b8\u30e7\u30f3\u306e\u6a5f\u4f1a\u306b\u3088\u3063\u3066\u3082\u305f\u3089\u3055\u308c\u308b\u3082\u306e\u3067\u3001\u30d6\u30e9\u30f3\u30c9\u30b3\u30f3\u30d0\u30fc\u30b8\u30e7\u30f3\u3084\u30d6\u30e9\u30f3\u30c9\u30b3\u30f3\u30b5\u30d9\u30fc\u30b7\u30e7\u30f3\u306e\u3088\u3046\u306a\u3082\u306e\u306f\u3042\u307e\u308a\u3042\u308a\u307e\u305b\u3093\u3002\u3067\u3059\u304b\u3089\u3001\u3053\u308c\u306f\u79c1\u305f\u3061\u306b\u3068\u3063\u3066\u30c1\u30e3\u30f3\u30b9\u306a\u306e\u3067\u3059\u3002\u85ac\u5c40\u306b\u3064\u3044\u3066\u306f\u3001\u8cea\u554f\u3092\u3082\u3046\u4e00\u5ea6\u304a\u9858\u3044\u3057\u307e\u3059\u3002\u3088\u304f\u805e\u304d\u53d6\u308c\u307e\u305b\u3093\u3067\u3057\u305f\u3002<\/p>\n

Matt Norton — Guggenheim Securities — \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n

\u305d\u3046\u3067\u3059\u306d\u3002\u540c\u3058\u3088\u3046\u306a\u8cea\u554f\u3067\u3059\u306d\u3002\u524d\u56de\u306e\u66f4\u65b0\u3067\u306f\u3001\u6628\u5e74\u672b\u306e\u58f2\u4e0a\u304c5\u5104\u30c9\u30eb\u4ee5\u4e0a\u3060\u3063\u305f\u3068\u601d\u3044\u307e\u3059\u3002\u305d\u306e\u52d5\u5411\u306f\u3069\u3046\u306a\u3063\u3066\u3044\u308b\u306e\u3067\u3057\u3087\u3046\u304b\u3001\u3082\u3057\u6700\u65b0\u60c5\u5831\u304c\u3042\u308c\u3070\u6559\u3048\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n

\u307e\u305f\u3001\u30b3\u30fc\u30db\u30fc\u30c8\u5225\u306e\u63a1\u7528\u72b6\u6cc1\u306b\u9055\u3044\u304c\u3042\u308c\u3070\u6559\u3048\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n

Sumit Singh — CEO\uff08\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n

\u3082\u3061\u308d\u3093\u3067\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u3053\u306e\u6570\u5b57\u306f\u66f4\u65b0\u3057\u3066\u3044\u307e\u305b\u3093\u3002\u4eca\u5f8c\u3001\u3069\u3053\u304b\u306e\u30bf\u30a4\u30df\u30f3\u30b0\u3067\u66f4\u65b0\u3059\u308b\u4e88\u5b9a\u3067\u3059\u3002\u3057\u304b\u3057\u3001\u30c1\u30e5\u30fc\u30a4\u30fc\u85ac\u5c40\u306e\u6210\u9577\u7387\u306f75\uff05\u3067\u3001\u3053\u306e2\uff5e3\u5e74\u30673\u500d\u306b\u306a\u3063\u305f\u3068\u3044\u3046\u4e8b\u5b9f\u3092\u53c2\u8003\u306b\u3057\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n

\u3053\u306e\u3053\u3068\u306f\u3001\u3053\u306e\u30d3\u30b8\u30cd\u30b9\u304c\u3069\u306e\u3088\u3046\u306a\u72b6\u614b\u306b\u3042\u308b\u306e\u304b\u3001\u5927\u307e\u304b\u306a\u76ee\u5b89\u306b\u306a\u308b\u306f\u305a\u3067\u3059\u3002\u30b3\u30fc\u30db\u30fc\u30c8\u306b\u3064\u3044\u3066\u306f\u3001\u65e2\u5b58\u306e\u304a\u5ba2\u3055\u307e\u304b\u3089\u5f15\u304d\u7d9a\u304d\u9ad8\u3044\u8a55\u4fa1\u3092\u3044\u305f\u3060\u3044\u3066\u304a\u308a\u3001\u65b0\u898f\u306e\u304a\u5ba2\u3055\u307e\u3092\u7372\u5f97\u3059\u308b\u6e90\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u79c1\u305f\u3061\u306f\u3053\u306e\u7d50\u679c\u306b\u6e80\u8db3\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n

Matt Norton — \u30b0\u30c3\u30b2\u30f3\u30cf\u30a4\u30e0\u8a3c\u5238 — \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n

\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n

Sumit Singh — \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n

\u3042\u308a\u304c\u3068\u3046\u3001\u30de\u30c3\u30c8\u3002<\/p>\n

\u904b\u55b6\u62c5\u5f53\u8005<\/p>\n

\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002\u3067\u306f\u3001\u6700\u5f8c\u306bSumit Singh\u304b\u3089\u3054\u6328\u62f6\u3092\u3055\u305b\u3066\u3044\u305f\u3060\u304d\u307e\u3059\u3002<\/p>\n

Sumit Singh — \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n

\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u3054\u53c2\u52a0\u3044\u305f\u3060\u304d\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u7d20\u6674\u3089\u3057\u3044\u591c\u3092\u304a\u904e\u3054\u3057\u304f\u3060\u3055\u3044\u3002<\/p>\n

 <\/p>\n

\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

\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

\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

\u2193\u2193\uff1c\u5fdc\u63f4\u30af\u30ea\u30c3\u30af\u304a\u9858\u3044\u3057\u307e\u3059\uff1e<\/p>\n

\"\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751<\/a>
\n\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751<\/a><\/p>\n

\"\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751<\/a>
\n\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751<\/a><\/p>\n

\"\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751<\/a>
\n\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751<\/a><\/p>\n

\"\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751<\/a>
\n\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u30c1\u30e5\u30fc\u30a4\u30fc ( NYSE :CHWY )2021\u5e74\u7b2c4\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a\u306e\u65e5\u672c\u8a9e\u8a33\u3067\u3059\u3002 \u58f2\u308a\u4e0a\u3052\u30fbEPS\u30fb\u30ac\u30a4\u30c0\u30f3\u30b9\u3059\u3079\u3066\u60aa\u304f\u682a\u4fa1\u3082\u66b4\u843d\u3057\u3066\u307e\u3059\u306d\u3002\u30da\u30c3\u30c8\u95a2\u9023\u3067\u6ce8\u76ee\u306f\u3057\u3066\u3044\u307e\u3057\u305f\u304c\u3053\u308c\u3067\u306f\u53b3\u3057\u3044\u3067\u3059\u3002 \u826f\u3044\u3068\u3053\u308d\u304c\u4f55\u3082\u7121 … <\/p>\n","protected":false},"author":1,"featured_media":1296,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[584,76,583,585,582,586,320,83],"class_list":{"0":"post-1295","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-72","8":"tag-chewy","9":"tag-76","10":"tag-583","11":"tag-585","12":"tag-582","13":"tag-586","14":"tag-320","15":"tag-83"},"yoast_head":"\n\u3010\u7ffb\u8a33\u3011\u30c1\u30e5\u30fc\u30a4\u30fc ( NYSE\u00a0:CHWY\u00a0)2021\u5e74\u7b2c4\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a – \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=1295\" \/>\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\u30c1\u30e5\u30fc\u30a4\u30fc ( NYSE\u00a0:CHWY\u00a0)2021\u5e74\u7b2c4\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a – \u682a\u5f0f\u6295\u8cc7\u30921up\u3059\u308b\u30d6\u30ed\u30b0\" \/>\n<meta property=\"og:description\" content=\"\u30c1\u30e5\u30fc\u30a4\u30fc ( NYSE :CHWY )2021\u5e74\u7b2c4\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a\u306e\u65e5\u672c\u8a9e\u8a33\u3067\u3059\u3002 \u58f2\u308a\u4e0a\u3052\u30fbEPS\u30fb\u30ac\u30a4\u30c0\u30f3\u30b9\u3059\u3079\u3066\u60aa\u304f\u682a\u4fa1\u3082\u66b4\u843d\u3057\u3066\u307e\u3059\u306d\u3002\u30da\u30c3\u30c8\u95a2\u9023\u3067\u6ce8\u76ee\u306f\u3057\u3066\u3044\u307e\u3057\u305f\u304c\u3053\u308c\u3067\u306f\u53b3\u3057\u3044\u3067\u3059\u3002 \u826f\u3044\u3068\u3053\u308d\u304c\u4f55\u3082\u7121 ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/1up-life.blog\/?p=1295\" \/>\n<meta property=\"og:site_name\" content=\"\u682a\u5f0f\u6295\u8cc7\u30921up\u3059\u308b\u30d6\u30ed\u30b0\" \/>\n<meta property=\"article:published_time\" content=\"2022-03-30T13:02:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-30T13:06:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/1up-life.blog\/wp-content\/uploads\/2022\/03\/CHWY.png\" \/>\n\t<meta property=\"og:image:width\" content=\"418\" \/>\n\t<meta property=\"og:image:height\" content=\"418\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\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=\"71\u5206\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/1up-life.blog\\\/?p=1295#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/1up-life.blog\\\/?p=1295\"},\"author\":{\"name\":\"\u3059\u3051\u307d\u3093\",\"@id\":\"https:\\\/\\\/1up-life.blog\\\/#\\\/schema\\\/person\\\/1706c8f6d05b86f64e59045d776dc7b9\"},\"headline\":\"\u3010\u7ffb\u8a33\u3011\u30c1\u30e5\u30fc\u30a4\u30fc ( NYSE\u00a0:CHWY\u00a0)2021\u5e74\u7b2c4\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a\",\"datePublished\":\"2022-03-30T13:02:21+00:00\",\"dateModified\":\"2022-03-30T13:06:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/1up-life.blog\\\/?p=1295\"},\"wordCount\":413,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/1up-life.blog\\\/#\\\/schema\\\/person\\\/1706c8f6d05b86f64e59045d776dc7b9\"},\"image\":{\"@id\":\"https:\\\/\\\/1up-life.blog\\\/?p=1295#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/1up-life.blog\\\/wp-content\\\/uploads\\\/2022\\\/03\\\/CHWY.png\",\"keywords\":[\"Chewy\",\"\u30ab\u30f3\u30d5\u30a1\u30ec\u30f3\u30b9\u30b3\u30fc\u30eb\",\"\u30c1\u30e5\u30fc\u30a4\u30fc\",\"\u30da\u30c3\u30c8\",\"\u30da\u30c3\u30c8\u30d5\u30fc\u30c9\",\"\u30da\u30c3\u30c8\u30d8\u30eb\u30b9\u30b1\u30a2\",\"\u30da\u30c3\u30c8\u95a2\u9023\",\"\u7c73\u56fd\u682a\"],\"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=1295#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/1up-life.blog\\\/?p=1295\",\"url\":\"https:\\\/\\\/1up-life.blog\\\/?p=1295\",\"name\":\"\u3010\u7ffb\u8a33\u3011\u30c1\u30e5\u30fc\u30a4\u30fc ( NYSE\u00a0:CHWY\u00a0)2021\u5e74\u7b2c4\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a – \u682a\u5f0f\u6295\u8cc7\u30921up\u3059\u308b\u30d6\u30ed\u30b0\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/1up-life.blog\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/1up-life.blog\\\/?p=1295#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/1up-life.blog\\\/?p=1295#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/1up-life.blog\\\/wp-content\\\/uploads\\\/2022\\\/03\\\/CHWY.png\",\"datePublished\":\"2022-03-30T13:02:21+00:00\",\"dateModified\":\"2022-03-30T13:06:31+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/1up-life.blog\\\/?p=1295#breadcrumb\"},\"inLanguage\":\"ja\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/1up-life.blog\\\/?p=1295\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"ja\",\"@id\":\"https:\\\/\\\/1up-life.blog\\\/?p=1295#primaryimage\",\"url\":\"https:\\\/\\\/1up-life.blog\\\/wp-content\\\/uploads\\\/2022\\\/03\\\/CHWY.png\",\"contentUrl\":\"https:\\\/\\\/1up-life.blog\\\/wp-content\\\/uploads\\\/2022\\\/03\\\/CHWY.png\",\"width\":418,\"height\":418},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/1up-life.blog\\\/?p=1295#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"\u30db\u30fc\u30e0\",\"item\":\"https:\\\/\\\/1up-life.blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"\u3010\u7ffb\u8a33\u3011\u30c1\u30e5\u30fc\u30a4\u30fc ( NYSE\u00a0:CHWY\u00a0)2021\u5e74\u7b2c4\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\u30c1\u30e5\u30fc\u30a4\u30fc ( NYSE\u00a0:CHWY\u00a0)2021\u5e74\u7b2c4\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a – \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=1295","og_locale":"ja_JP","og_type":"article","og_title":"\u3010\u7ffb\u8a33\u3011\u30c1\u30e5\u30fc\u30a4\u30fc ( NYSE\u00a0:CHWY\u00a0)2021\u5e74\u7b2c4\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a – \u682a\u5f0f\u6295\u8cc7\u30921up\u3059\u308b\u30d6\u30ed\u30b0","og_description":"\u30c1\u30e5\u30fc\u30a4\u30fc ( NYSE :CHWY )2021\u5e74\u7b2c4\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a\u306e\u65e5\u672c\u8a9e\u8a33\u3067\u3059\u3002 \u58f2\u308a\u4e0a\u3052\u30fbEPS\u30fb\u30ac\u30a4\u30c0\u30f3\u30b9\u3059\u3079\u3066\u60aa\u304f\u682a\u4fa1\u3082\u66b4\u843d\u3057\u3066\u307e\u3059\u306d\u3002\u30da\u30c3\u30c8\u95a2\u9023\u3067\u6ce8\u76ee\u306f\u3057\u3066\u3044\u307e\u3057\u305f\u304c\u3053\u308c\u3067\u306f\u53b3\u3057\u3044\u3067\u3059\u3002 \u826f\u3044\u3068\u3053\u308d\u304c\u4f55\u3082\u7121 ...","og_url":"https:\/\/1up-life.blog\/?p=1295","og_site_name":"\u682a\u5f0f\u6295\u8cc7\u30921up\u3059\u308b\u30d6\u30ed\u30b0","article_published_time":"2022-03-30T13:02:21+00:00","article_modified_time":"2022-03-30T13:06:31+00:00","og_image":[{"width":418,"height":418,"url":"https:\/\/1up-life.blog\/wp-content\/uploads\/2022\/03\/CHWY.png","type":"image\/png"}],"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":"71\u5206"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/1up-life.blog\/?p=1295#article","isPartOf":{"@id":"https:\/\/1up-life.blog\/?p=1295"},"author":{"name":"\u3059\u3051\u307d\u3093","@id":"https:\/\/1up-life.blog\/#\/schema\/person\/1706c8f6d05b86f64e59045d776dc7b9"},"headline":"\u3010\u7ffb\u8a33\u3011\u30c1\u30e5\u30fc\u30a4\u30fc ( NYSE\u00a0:CHWY\u00a0)2021\u5e74\u7b2c4\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a","datePublished":"2022-03-30T13:02:21+00:00","dateModified":"2022-03-30T13:06:31+00:00","mainEntityOfPage":{"@id":"https:\/\/1up-life.blog\/?p=1295"},"wordCount":413,"commentCount":0,"publisher":{"@id":"https:\/\/1up-life.blog\/#\/schema\/person\/1706c8f6d05b86f64e59045d776dc7b9"},"image":{"@id":"https:\/\/1up-life.blog\/?p=1295#primaryimage"},"thumbnailUrl":"https:\/\/1up-life.blog\/wp-content\/uploads\/2022\/03\/CHWY.png","keywords":["Chewy","\u30ab\u30f3\u30d5\u30a1\u30ec\u30f3\u30b9\u30b3\u30fc\u30eb","\u30c1\u30e5\u30fc\u30a4\u30fc","\u30da\u30c3\u30c8","\u30da\u30c3\u30c8\u30d5\u30fc\u30c9","\u30da\u30c3\u30c8\u30d8\u30eb\u30b9\u30b1\u30a2","\u30da\u30c3\u30c8\u95a2\u9023","\u7c73\u56fd\u682a"],"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=1295#respond"]}]},{"@type":"WebPage","@id":"https:\/\/1up-life.blog\/?p=1295","url":"https:\/\/1up-life.blog\/?p=1295","name":"\u3010\u7ffb\u8a33\u3011\u30c1\u30e5\u30fc\u30a4\u30fc ( NYSE\u00a0:CHWY\u00a0)2021\u5e74\u7b2c4\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a – \u682a\u5f0f\u6295\u8cc7\u30921up\u3059\u308b\u30d6\u30ed\u30b0","isPartOf":{"@id":"https:\/\/1up-life.blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/1up-life.blog\/?p=1295#primaryimage"},"image":{"@id":"https:\/\/1up-life.blog\/?p=1295#primaryimage"},"thumbnailUrl":"https:\/\/1up-life.blog\/wp-content\/uploads\/2022\/03\/CHWY.png","datePublished":"2022-03-30T13:02:21+00:00","dateModified":"2022-03-30T13:06:31+00:00","breadcrumb":{"@id":"https:\/\/1up-life.blog\/?p=1295#breadcrumb"},"inLanguage":"ja","potentialAction":[{"@type":"ReadAction","target":["https:\/\/1up-life.blog\/?p=1295"]}]},{"@type":"ImageObject","inLanguage":"ja","@id":"https:\/\/1up-life.blog\/?p=1295#primaryimage","url":"https:\/\/1up-life.blog\/wp-content\/uploads\/2022\/03\/CHWY.png","contentUrl":"https:\/\/1up-life.blog\/wp-content\/uploads\/2022\/03\/CHWY.png","width":418,"height":418},{"@type":"BreadcrumbList","@id":"https:\/\/1up-life.blog\/?p=1295#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"\u30db\u30fc\u30e0","item":"https:\/\/1up-life.blog\/"},{"@type":"ListItem","position":2,"name":"\u3010\u7ffb\u8a33\u3011\u30c1\u30e5\u30fc\u30a4\u30fc ( NYSE\u00a0:CHWY\u00a0)2021\u5e74\u7b2c4\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\/1295","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=1295"}],"version-history":[{"count":3,"href":"https:\/\/1up-life.blog\/index.php?rest_route=\/wp\/v2\/posts\/1295\/revisions"}],"predecessor-version":[{"id":1300,"href":"https:\/\/1up-life.blog\/index.php?rest_route=\/wp\/v2\/posts\/1295\/revisions\/1300"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/1up-life.blog\/index.php?rest_route=\/wp\/v2\/media\/1296"}],"wp:attachment":[{"href":"https:\/\/1up-life.blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1295"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1up-life.blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1295"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1up-life.blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1295"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}