{"id":1381,"date":"2022-04-24T20:57:32","date_gmt":"2022-04-24T11:57:32","guid":{"rendered":"https:\/\/1up-life.blog\/?p=1381"},"modified":"2022-04-24T20:57:32","modified_gmt":"2022-04-24T11:57:32","slug":"%e3%80%90%e7%bf%bb%e8%a8%b3%e3%80%91%e3%82%a2%e3%83%a1%e3%83%aa%e3%82%ab%e3%83%b3%e3%83%bb%e3%82%a8%e3%82%ad%e3%82%b9%e3%83%97%e3%83%ac%e3%82%b9-nyseaxp2022%e5%b9%b4%e7%ac%ac1%e5%9b%9b%e5%8d%8a","status":"publish","type":"post","link":"https:\/\/1up-life.blog\/?p=1381","title":{"rendered":"\u3010\u7ffb\u8a33\u3011\u30a2\u30e1\u30ea\u30ab\u30f3\u30fb\u30a8\u30ad\u30b9\u30d7\u30ec\u30b9 ( NYSE:AXP)2022\u5e74\u7b2c1\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a"},"content":{"rendered":"<p>\u30a2\u30e1\u30ea\u30ab\u30f3\u30fb\u30a8\u30ad\u30b9\u30d7\u30ec\u30b9 ( NYSE:AXP)2022\u5e74\u7b2c1\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a\u306e\u65e5\u672c\u8a9e\u8a33\u3067\u3059\u3002<\/p>\n<p>\u58f2\u4e0a\u9ad8\u30fbEPS\u3068\u3082\u306b\u30af\u30ea\u30a2\u3067\u826f\u304b\u3063\u305f\u3067\u3059\u304c\u30ac\u30a4\u30c0\u30f3\u30b9\u306f\u5f31\u3081\u3067\u3057\u305f\u306d\u3002\u65c5\u884c\u9700\u8981\u306e\u9ad8\u307e\u308a\u7b49\u3067\u671f\u5f85\u306f\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u3057\u304b\u3057\u3001\u30a4\u30f3\u30d5\u30ec\u304c\u9032\u3059\u3080\u3053\u3068\u3067\u6d88\u8cbb\u304c\u6291\u5236\u3055\u308c\u308b\u4e8b\u3082\u8003\u3048\u3089\u308c\u308b\u306e\u3067\u4eca\u5f8c\u306f\u6ce8\u610f\u304c\u5fc5\u8981\u304b\u3082\u3057\u308c\u306a\u3044\u3067\u3059\u3002<\/p>\n<div id=\"attachment_1382\" style=\"width: 1488px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1382\" class=\"wp-image-1382 size-full\" src=\"https:\/\/1up-life.blog\/wp-content\/uploads\/2022\/04\/AXP_2022-04-24_20-49-48.png\" alt=\"\u30a2\u30e1\u30ea\u30ab\u30f3\u30fb\u30a8\u30ad\u30b9\u30d7\u30ec\u30b9 ( NYSE:AXP)\u682a\u4fa1\" width=\"1478\" height=\"743\" srcset=\"https:\/\/1up-life.blog\/wp-content\/uploads\/2022\/04\/AXP_2022-04-24_20-49-48.png 1478w, https:\/\/1up-life.blog\/wp-content\/uploads\/2022\/04\/AXP_2022-04-24_20-49-48-300x151.png 300w, https:\/\/1up-life.blog\/wp-content\/uploads\/2022\/04\/AXP_2022-04-24_20-49-48-1024x515.png 1024w, https:\/\/1up-life.blog\/wp-content\/uploads\/2022\/04\/AXP_2022-04-24_20-49-48-768x386.png 768w, https:\/\/1up-life.blog\/wp-content\/uploads\/2022\/04\/AXP_2022-04-24_20-49-48-940x473.png 940w\" sizes=\"auto, (max-width: 1478px) 100vw, 1478px\" \/><p id=\"caption-attachment-1382\" class=\"wp-caption-text\">\u30a2\u30e1\u30ea\u30ab\u30f3\u30fb\u30a8\u30ad\u30b9\u30d7\u30ec\u30b9 ( NYSE:AXP)\u682a\u4fa1<\/p><\/div>\n<p class=\"hh hh3 main-bdr\"><span class=\"big\"><strong>\u30a2\u30e1\u30ea\u30ab\u30f3\u30fb\u30a8\u30ad\u30b9\u30d7\u30ec\u30b9 ( NYSE:AXP)2022\u5e74\u7b2c1\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a<\/strong><\/span><\/p>\n<p>Call participants:<br \/>\nVivian Zhou &#8212; Head of Investor Relations<br \/>\nSteve Squeri &#8212; Chairman and Chief Executive Officer<br \/>\nJeff Campbell &#8212; Chief Financial Officer<br \/>\nSanjay Sakhrani &#8212; Keefe, Bruyette and Woods &#8212; Analyst<br \/>\nMihir Bhatia &#8212; Bank of America Merrill Lynch &#8212; Analyst<br \/>\nJohn Pancari &#8212; Evercore ISI &#8212; Analyst<br \/>\nBetsy Graseck &#8212; Morgan Stanley &#8212; Analyst<br \/>\nBill Carcache &#8212; Wolfe Research &#8212; Analyst<br \/>\nMark DeVries &#8212; Barclays &#8212; Analyst<br \/>\nRyan Nash &#8212; Goldman Sachs &#8212; Analyst<br \/>\nMeng Jiao &#8212; Deutsche Bank &#8212; Analyst<br \/>\nChris Donat &#8212; Piper Sandler &#8212; Analyst<br \/>\nRick Shane &#8212; J.P. Morgan &#8212; Analyst<br \/>\nLisa Ellis &#8212; MoffettNathanson &#8212; Analyst<br \/>\nDon Fandetti &#8212; Wells Fargo Securities &#8212; Analyst<br \/>\nMore AXP analysis<\/p>\n<p>2022\u5e744\u670822\u65e5\u5348\u524d8\u664230\u5206\uff08\u7c73\u56fd\u6771\u90e8\u6642\u9593\uff09<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u7686\u69d8\u3001\u304a\u5f85\u305f\u305b\u3044\u305f\u3057\u307e\u3057\u305f\u3002\u30a2\u30e1\u30ea\u30ab\u30f3\u30fb\u30a8\u30ad\u30b9\u30d7\u30ec\u30b9\u306e2022\u5e74\u7b2c1\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a\u306b\u3088\u3046\u3053\u305d\u3002[\u672c\u65e5\u306e\u304a\u96fb\u8a71\u306f\u9332\u97f3\u3055\u308c\u3066\u304a\u308a\u307e\u3059\u3002\u305d\u308c\u3067\u306f\u3001\u53f8\u4f1a\u306e\u6295\u8cc7\u5bb6\u5411\u3051\u5e83\u5831\u62c5\u5f53\u306e\u30d3\u30d3\u30a2\u30f3\u30fb\u30ba\u30fc\u306b\u4f1a\u8b70\u3092\u5f15\u304d\u7d99\u304e\u305f\u3044\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>\u30d3\u30d3\u30a2\u30f3\u30fb\u30c4\u30a9\u30a6\u3067\u3059\u3002\u3069\u3046\u305e\u3088\u308d\u3057\u304f\u304a\u9858\u3044\u3057\u307e\u3059\u3002<\/p>\n<p>\u30d3\u30d3\u30a2\u30f3\u30fb\u30ba\u30fc &#8212; \u30a4\u30f3\u30d9\u30b9\u30bf\u30fc\u30fb\u30ea\u30ec\u30fc\u30b7\u30e7\u30f3\u30ba\u306e\u8cac\u4efb\u8005<br \/>\n\u30a2\u30e9\u30f3\u3001\u307f\u306a\u3055\u3093\u3001\u672c\u65e5\u306e\u96fb\u8a71\u4f1a\u8b70\u306b\u3054\u53c2\u52a0\u3044\u305f\u3060\u304d\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u672c\u65e5\u306e\u8b1b\u6f14\u306b\u306f\u3001\u5f53\u793e\u306e\u5c06\u6765\u306e\u4e8b\u696d\u3084\u696d\u7e3e\u306b\u95a2\u3059\u308b\u898b\u901a\u3057\u304c\u542b\u307e\u308c\u3066\u3044\u307e\u3059\u3002\u3053\u308c\u3089\u306f\u3001\u7d4c\u55b6\u9663\u306e\u73fe\u5728\u306e\u4e88\u6e2c\u306b\u3082\u3068\u3065\u304f\u3082\u306e\u3067\u3042\u308a\u3001\u30ea\u30b9\u30af\u3084\u4e0d\u78ba\u5b9f\u6027\u3092\u542b\u3093\u3067\u3044\u307e\u3059\u3002\u5b9f\u969b\u306e\u7d50\u679c\u304c\u3053\u308c\u3089\u306e\u8a18\u8ff0\u3068\u5927\u304d\u304f\u7570\u306a\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u8981\u56e0\u306b\u3064\u3044\u3066\u306f\u3001\u672c\u65e5\u306e\u30d7\u30ec\u30bc\u30f3\u30c6\u30fc\u30b7\u30e7\u30f3\u306e\u30b9\u30e9\u30a4\u30c9\u304a\u3088\u3073SEC\u306b\u63d0\u51fa\u3057\u305f\u5831\u544a\u66f8\u306b\u8a18\u8f09\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u307e\u305f\u3001\u672c\u65e5\u306e\u8aac\u660e\u306b\u306f\u3001\u975eGAAP\u30d9\u30fc\u30b9\u306e\u8ca1\u52d9\u6307\u6a19\u304c\u542b\u307e\u308c\u3066\u3044\u307e\u3059\u3002\u6bd4\u8f03\u53ef\u80fd\u306aGAAP\u30d9\u30fc\u30b9\u306e\u8ca1\u52d9\u6307\u6a19\u306f\u3001\u5f53\u56db\u534a\u671f\u306e\u6c7a\u7b97\u8aac\u660e\u8cc7\u6599\u3001\u304a\u3088\u3073 \u3053\u308c\u307e\u3067\u306b\u8aac\u660e\u3057\u305f\u904e\u53bb\u306e\u671f\u9593\u306e\u6c7a\u7b97\u8aac\u660e\u8cc7\u6599\u306b\u542b\u307e\u308c\u3066\u3044\u307e\u3059\u3002\u3053\u308c\u3089\u306f\u3059\u3079\u3066\u3001\u5f53\u793e\u306e\u30a6\u30a7\u30d6\u30b5\u30a4\u30c8ir.americanexpress.com\u306b\u63b2\u8f09\u3055\u308c\u3066\u3044\u307e\u3059\u3002\u672c\u65e5\u306f\u3001\u307e\u305a\u3001\u4f1a\u9577\u517cCEO\u306e\u30b9\u30c6\u30a3\u30fc\u30d6\u30fb\u30b9\u30af\u30a8\u30ea\u304b\u3089\u4f1a\u793e\u306e\u9032\u6357\u72b6\u6cc1\u3068\u696d\u7e3e\u306b\u3064\u3044\u3066\u3001\u305d\u3057\u3066\u3001\u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005\u306e\u30b8\u30a7\u30d5\u30fb\u30ad\u30e3\u30f3\u30d9\u30eb\u304b\u3089\u3001\u3088\u308a\u8a73\u7d30\u306a\u696d\u7e3e\u306b\u3064\u3044\u3066\u306e\u8aac\u660e\u3092\u3055\u305b\u3066\u3044\u305f\u3060\u304d\u307e\u3059\u3002\u305d\u306e\u5f8c\u3001\u30b9\u30c6\u30a3\u30fc\u30d6\u3068\u30b8\u30a7\u30d5\u306e\u4e21\u540d\u304b\u3089\u696d\u7e3e\u306b\u95a2\u3059\u308b\u8cea\u7591\u5fdc\u7b54\u3092\u3055\u305b\u3066\u3044\u305f\u3060\u304d\u307e\u3059\u3002\u305d\u308c\u3067\u306f\u3001\u30b9\u30c6\u30a3\u30fc\u30d6\u306b\u304a\u9858\u3044\u3057\u307e\u3059\u3002<\/p>\n<p>\u30b9\u30c6\u30a3\u30fc\u30d6\u30fb\u30b9\u30af\u30a8\u30ea &#8212; \u4f1a\u9577\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u30d3\u30d3\u30a2\u30f3\u3055\u3093\u3001\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u7b2c1\u56db\u534a\u671f\u306e\u6c7a\u7b97\u8aac\u660e\u4f1a\u306b\u3088\u3046\u3053\u305d\u3002\u5148\u6708\u958b\u50ac\u3057\u305f\u6295\u8cc7\u5bb6\u8aac\u660e\u4f1a\u3067\u306f\u3001\u5f53\u793e\u306e\u4e8b\u696d\u5168\u4f53\u3067\u6301\u7d9a\u7684\u6210\u9577\u3092\u5b9f\u73fe\u3059\u308b\u305f\u3081\u306e\u6226\u7565\u3092\u8a73\u7d30\u306b\u8aac\u660e\u3057\u3001\u306a\u305c\u5f53\u793e\u304c2024\u5e74\u4ee5\u964d\u306e\u6210\u9577\u8a08\u753b\u306e\u76ee\u6a19\u3092\u9054\u6210\u3067\u304d\u308b\u3068\u78ba\u4fe1\u3057\u3066\u3044\u308b\u306e\u304b\u3092\u8aac\u660e\u3057\u307e\u3057\u305f\u3002\u305d\u308c\u306f\u3001\u30d6\u30e9\u30f3\u30c9\u3001\u9867\u5ba2\u3001\u4fa1\u5024\u63d0\u6848\u3001\u30ab\u30d0\u30ec\u30c3\u30b8\u3001\u30c6\u30af\u30ce\u30ed\u30b8\u30fc\u3001\u4eba\u6750\u3078\u306e\u6295\u8cc7\u306b\u91cd\u70b9\u3092\u7f6e\u304d\u3001\u30b7\u30a7\u30a2\u3001\u898f\u6a21\u3001\u95a2\u9023\u6027\u3092\u9ad8\u3081\u308b\u3068\u3044\u3046\u904e\u53bb\u6570\u5e74\u9593\u8ffd\u6c42\u3057\u3066\u304d\u305f\u6226\u7565\u306e\u6210\u529f\u3001\u305d\u306e\u6226\u7565\u3092\u52b9\u679c\u7684\u306b\u5b9f\u884c\u3059\u308b\u3053\u3068\u3067\u751f\u307f\u51fa\u3057\u3066\u304d\u305f\u52e2\u3044\u3001\u305d\u3057\u3066\u5f53\u793e\u306e\u52e2\u3044\u306b\u8ca2\u732e\u3057\u3066\u3044\u308b\u6c7a\u6e08\u696d\u754c\u306e\u591a\u304f\u306e\u69cb\u9020\u7684\u5909\u5316\u3067\u3059\u3002<\/p>\n<p>\u672c\u65e5\u767a\u8868\u3057\u305f\u7b2c 1 \u56db\u534a\u671f\u306e\u597d\u8abf\u306a\u696d\u7e3e\u306f\u3001\u4e0d\u900f\u660e\u306a\u30de\u30af\u30ed\u74b0\u5883\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u3001\u5f53\u793e\u306e\u901a\u671f\u4e88\u60f3\u306b \u6cbf\u3063\u305f\u3082\u306e\u3067\u3042\u308a\u3001\u5f53\u793e\u306e\u9577\u671f\u7684\u306a\u76ee\u6a19\u3092\u9054\u6210\u3059\u308b\u80fd\u529b\u306b\u5bfe\u3059\u308b\u81ea\u4fe1\u3092\u6df1\u3081\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3057\u305f\u3002\u5f53\u56db\u534a\u671f\u306e\u58f2\u4e0a\u9ad8\u306f\u524d\u5e74\u540c\u671f\u6bd429\uff05\u5897\u306e117\u5104\u5186\u30011\u682a\u5f53\u308a\u5229\u76ca\u306f2.73\u30c9\u30eb\u3068\u306a\u308a\u307e\u3057\u305f\u3002\u3053\u308c\u3089\u306e\u696d\u7e3e\u306f\u3001\u9867\u5ba2\u306e\u7372\u5f97\u3001\u95a2\u4e0e\u3001\u7dad\u6301\u3001\u304a\u3088\u3073\u5353\u8d8a\u3057\u305f\u4fe1\u7528\u5b9f\u7e3e\u306a\u3069\u3001\u9577\u671f\u7684\u306a\u6301\u7d9a\u7684\u6210\u9577\u306b\u4e0d\u53ef\u6b20\u306a\u5206 \u91ce\u3067\u4e2d\u6838\u4e8b\u696d\u304c\u5f15\u304d\u7d9a\u304d\u597d\u8abf\u3067\u3042\u308b\u3053\u3068\u3092\u53cd\u6620\u3057\u3066\u3044\u307e\u3059\u3002\u72ec\u81ea\u30ab\u30fc\u30c9\u306e\u65b0\u898f\u7372\u5f97\u306f\u5f15\u304d\u7d9a\u304d\u597d\u8abf\u3067\u3001\u4eca\u671f\u306f300\u4e07\u679a\u306b\u9054\u3057\u307e\u3057\u305f\u3002\u3053\u308c\u306f\u3001\u7279\u306b\u30df\u30ec\u30cb\u30a2\u30eb\u4e16\u4ee3\u3084Z\u4e16\u4ee3\u306e\u6d88\u8cbb\u8005\u3001\u7c73\u56fd\u306e\u4e2d\u5c0f\u4f01\u696d\u306e\u9593\u3067\u3001\u5f53\u793e\u306e\u30d7\u30ec\u30df\u30a2\u30e0\u624b\u6570\u6599\u4ed8\u304d\u5546\u54c1\u3078\u306e\u5f37\u3044\u9700\u8981\u304c\u3042\u308b\u3053\u3068\u306b\u3088\u308a\u307e\u3059\u3002<\/p>\n<p>\u5f53\u56db\u534a\u671f\u306f\u3001\u7c73\u56fd\u6d88\u8cbb\u8005\u5411\u3051\u30d7\u30e9\u30c1\u30ca\u30ab\u30fc\u30c9\u3001\u30b4\u30fc\u30eb\u30c9\u30ab\u30fc\u30c9\u3001\u304a\u3088\u3073\u7c73\u56fd\u30d3\u30b8\u30cd\u30b9\u5411\u3051\u30d7\u30e9\u30c1\u30ca\u30ab\u30fc\u30c9\u306e\u7372\u5f97\u6570\u304c\u904e\u53bb\u6700\u9ad8\u3068\u306a\u308a\u307e\u3057\u305f\u3002\u30c7\u30eb\u30bf\u30ab\u30fc\u30c9\u306e\u7372\u5f97\u679a\u6570\u306f3\u6708\u306b\u6708\u9593\u3067\u904e\u53bb\u6700\u9ad8\u3068\u306a\u308a\u3001\u65c5\u884c\u95a2\u9023\u5546\u54c1\u30fb\u30b5\u30fc\u30d3\u30b9\u306b\u5bfe\u3059\u308b\u9700\u8981\u306e\u9ad8\u307e\u308a\u304c\u3046\u304b\u304c\u3048\u307e\u3059\u3002<\/p>\n<p>\u30ab\u30b9\u30bf\u30de\u30fc\u30fb\u30a8\u30f3\u30b2\u30fc\u30b8\u30e1\u30f3\u30c8\u306b\u3064\u3044\u3066\u306f\u3001\u69d8\u3005\u306a\u6307\u6a19\u3067\u9032\u6357\u3092\u78ba\u8a8d\u3057\u3066\u3044\u307e\u3059\u3002\u4f8b\u3048\u3070\u3001\u30ab\u30fc\u30c9\u4f1a\u54e1\u304c\u5f53\u793e\u306e\u30c7\u30b8\u30bf\u30eb\u6a5f\u80fd\u3092\u5229\u7528\u3059\u308b\u6a5f\u4f1a\u306f\u5897\u3048\u7d9a\u3051\u3001\u30a6\u30a7\u30d6\u3068\u30e2\u30d0\u30a4\u30eb\u306e1\u65e5\u306e\u30a2\u30af\u30c6\u30a3\u30d6\u30e6\u30fc\u30b6\u30fc\u6570\u306f\u524d\u5e74\u6bd42\u6841\u5897\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002\u307e\u305f\u3001\u6700\u8fd1\u30ea\u30cb\u30e5\u30fc\u30a2\u30eb\u3057\u305f\u30b3\u30f3\u30b7\u30e5\u30fc\u30de\u30fc\u30fb\u30d7\u30e9\u30c1\u30ca\u30ab\u30fc\u30c9\u306b\u8ffd\u52a0\u3057\u305f\u65b0\u3057\u3044\u7279\u5178\u306b\u3064\u3044\u3066\u3082\u3001\u7279\u306b\u30df\u30ec\u30cb\u30a2\u30eb\u4e16\u4ee3\u3068Z\u4e16\u4ee3\u306e\u30ab\u30fc\u30c9\u4f1a\u54e1\u306b\u5f37\u3044\u95a2\u5fc3\u3092\u793a\u3057\u3066\u304a\u308a\u3001\u7d04\u534a\u6570\u304c\u3053\u308c\u307e\u3067\u306b\u65b0\u3057\u3044\u30c8\u30e9\u30d9\u30eb\uff06\u30e9\u30a4\u30d5\u30b9\u30bf\u30a4\u30eb\u7279\u5178\u3092\u5c11\u306a\u304f\u3068\u30821\u3064\u306f\u5229\u7528\u3057\u3066\u3044\u307e\u3059\u3002\u307e\u305f\u3001Resy\u30c0\u30a4\u30cb\u30f3\u30b0\u30fb\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u306b\u5bfe\u3059\u308b\u9867\u5ba2\u30a8\u30f3\u30b2\u30fc\u30b8\u30e1\u30f3\u30c8\u304c\u5f15\u304d\u7d9a\u304d\u52a0\u901f\u3057\u3066\u304a\u308a\u3001\u30a2\u30e1\u30c3\u30af\u30b9\u30ab\u30fc\u30c9\u306e\u767b\u9332\u679a\u6570\u3084\u30b0\u30ed\u30fc\u30d0\u30eb\u30fb\u30c0\u30a4\u30cb\u30f3\u30b0\u30fb\u30a2\u30af\u30bb\u30b9\u30fb\u30d7\u30ed\u30b0\u30e9\u30e0\u306b\u53c2\u52a0\u3057\u3066\u3044\u308b\u30ec\u30b9\u30c8\u30e9\u30f3\u306e\u6570\u306f\u524d\u56db\u534a\u671f\u6bd4\u30672\u6841\u306e\u5927\u5e45\u306a\u4f38\u3073\u3092\u793a\u3057\u307e\u3057\u305f\u3002<\/p>\n<p>3\u6708\u306fResy\u306e\u4e88\u7d04\u72b6\u6cc1\u3068\u3057\u3066\u306f\u904e\u53bb\u6700\u9ad8\u306e\u6708\u3067\u30012\u6708\u306b\u6bd4\u3079\u3066\u7d0416%\u5897\u52a0\u3057\u307e\u3057\u305f\u3002\u6700\u7d42\u7684\u306b\u3001\u9867\u5ba2\u30a8\u30f3\u30b2\u30fc\u30b8\u30e1\u30f3\u30c8\u3092\u6e2c\u308b\u91cd\u8981\u306a\u6307\u6a19\u306f\u3001\u652f\u51fa\u306e\u4f38\u3073\u3067\u3059\u3002\u7b2c1\u56db\u534a\u671f\u306e\u30b0\u30ed\u30fc\u30d0\u30eb\u3067\u306e\u30d3\u30eb\u30d3\u30b8\u30cd\u30b9\u5168\u4f53\u306f\u3001\u70ba\u66ff\u8abf\u6574\u5f8c\u30d9\u30fc\u30b9\u3067\u524d\u5e74\u540c\u671f\u6bd435%\u5897\u3068\u306a\u308a\u30013\u6708\u306b\u306f\u3053\u308c\u307e\u3067\u306e\u6700\u9ad8\u5024\u3067\u3042\u3063\u305f2021\u5e7412\u6708\u3092\u4e0a\u56de\u308b\u904e\u53bb\u6700\u9ad8\u306e\u30dc\u30ea\u30e5\u30fc\u30e0\u3092\u8a18\u9332\u3057\u307e\u3057\u305f\u3002\u6d88\u8cbb\u306e\u4f38\u3073\u306f\u3001\u30df\u30ec\u30cb\u30a2\u30eb\u4e16\u4ee3\u3068Z\u4e16\u4ee3\u306e\u6d88\u8cbb\u8005\u306b\u3088\u308b\u30dc\u30ea\u30e5\u30fc\u30e0\u306e\u52a0\u901f\u304c\u727d\u5f15\u3057\u300156%\u5897\u3001SME\u306f\u70ba\u66ff\u8abf\u6574\u5f8c\u30d9\u30fc\u30b9\u3067\u524d\u5e74\u6bd430%\u5897\u3068\u306a\u308a\u307e\u3057\u305f\u3002<\/p>\n<p>\u7269\u54c1\u304a\u3088\u3073\u30b5\u30fc\u30d3\u30b9\u652f\u51fa\u306f\u5f53\u56db\u534a\u671f\u3082\u52a0\u901f\u3057\u3001\u70ba\u66ff\u8abf\u6574\u5f8c\u30d9\u30fc\u30b9\u3067\u524d\u5e74\u6bd421\uff05\u5897\u3068\u306a\u308a\u307e\u3057\u305f\u3002\u65c5\u884c\u30fb\u30a8\u30f3\u30bf\u30c6\u30a4\u30f3\u30e1\u30f3\u30c8\u652f\u51fa\u306f\u3001\u6d88\u8cbb\u8005\u65c5\u884c\u652f\u51fa\u306e\u529b\u5f37\u3044\u4f38\u3073\u306b\u3088\u308a\u3001\u5168\u4e16\u754c\u3067\u524d\u5e74\u540c\u671f\u6bd4121\uff05\u5897\u3068\u306a\u308a\u307e\u3057\u305f\u3002\u9867\u5ba2\u7dad\u6301\u7387\u306f\u6295\u8cc7\u5bb6\u5411\u3051\u8aac\u660e\u4f1a\u3067\u8ff0\u3079\u305f\u3088\u3046\u306b\u975e\u5e38\u306b\u9ad8\u3044\u30ec\u30d9\u30eb\u3092\u7dad\u6301\u3057\u3066\u304a\u308a\u3001\u3053\u308c\u306f\u304a\u5ba2\u69d8\u304c\u30a2\u30e1\u30c3\u30af\u30b9\u306e\u4f1a\u54e1\u8cc7\u683c\u306b\u5f15\u304d\u7d9a\u304d\u4fa1\u5024\u3092\u7f6e\u3044\u3066\u3044\u308b\u3053\u3068\u306e\u8868\u308c\u3067\u3059\u3002\u3053\u308c\u3089\u3059\u3079\u3066\u306e\u5206\u91ce\u3067\u306e\u6210\u529f\u306e\u5927\u304d\u306a\u8981\u56e0\u306f\u3001\u30c7\u30eb\u30bf\u822a\u7a7a\u3001\u30d2\u30eb\u30c8\u30f3\u3001\u30a2\u30de\u30be\u30f3\u306a\u3069\u306e\u5927\u898f\u6a21\u306a\u6226\u7565\u7684\u30d1\u30fc\u30c8\u30ca\u30fc\u306b\u3068\u3069\u307e\u3089\u305a\u3001\u591a\u304f\u306e\u30d1\u30fc\u30c8\u30ca\u30fc\u30b7\u30c3\u30d7\u3092\u7d99\u7d9a\u7684\u306b\u62e1\u5927\u3057\u3066\u3044\u308b\u3053\u3068\u3067\u3059\u3002<\/p>\n<p>\u79c1\u305f\u3061\u306f\u3001\u30e1\u30f3\u30d0\u30fc\u30b7\u30c3\u30d7\u30fb\u30e2\u30c7\u30eb\u306b\u5dee\u5225\u5316\u3055\u308c\u305f\u4fa1\u5024\u3092\u4ed8\u52a0\u3057\u3066\u3044\u308b\u3055\u307e\u3056\u307e\u306a\u4f01\u696d\u3068\u306e\u95a2\u4fc2\u3092\u62e1\u5927\u3057\u7d9a\u3051\u3066\u3044\u307e\u3059\u3002\u4f8b\u3048\u3070\u3001\u5148\u9031\u306f\u30d0\u30f3\u30ac\u30fc\u30c9\u793e\u3068\u306e\u63d0\u643a\u306b\u3088\u308a\u3001\u30d0\u30f3\u30ac\u30fc\u30c9\u793e\u306e\u30c7\u30b8\u30bf\u30eb\u30fb\u30d5\u30a1\u30a4\u30ca\u30f3\u30b7\u30e3\u30eb\u30fb\u30d7\u30e9\u30f3\u30cb\u30f3\u30b0\u3068\u6295\u8cc7\u7ba1\u7406\u306e\u5c02\u9580\u77e5\u8b58\u3068\u3001\u5f53\u793e\u306e\u696d\u754c\u6700\u9ad8\u6c34\u6e96\u306e\u4f1a\u54e1\u7279\u5178\u3092\u7d44\u307f\u5408\u308f\u305b\u305f\u3001\u7c73\u56fd\u306e\u6d88\u8cbb\u8005\u30ab\u30fc\u30c9\u4f1a\u54e1\u9650\u5b9a\u306e\u65b0\u3057\u3044\u30d5\u30a1\u30a4\u30ca\u30f3\u30b7\u30e3\u30eb\u30fb\u30a2\u30c9\u30d0\u30a4\u30b9\u30fb\u30b5\u30fc\u30d3\u30b9\u3092\u767a\u8868\u3057\u307e\u3057\u305f\u3002\u3053\u306e\u30b5\u30fc\u30d3\u30b9\u306f\u3001\u30d0\u30f3\u30ac\u30fc\u30c9\u306e\u30c7\u30b8\u30bf\u30eb\u30fb\u30d5\u30a1\u30a4\u30ca\u30f3\u30b7\u30e3\u30eb\u30fb\u30d7\u30e9\u30f3\u30cb\u30f3\u30b0\u304a\u3088\u3073\u6295\u8cc7\u7ba1\u7406\u306e\u5c02\u9580\u77e5\u8b58\u3068\u3001\u5f53\u793e\u306e\u696d\u754c\u30c8\u30c3\u30d7\u30af\u30e9\u30b9\u306e\u30e1\u30f3\u30d0\u30fc\u30b7\u30c3\u30d7\u30fb\u30ea\u30ef\u30fc\u30c9\u3092\u7d44\u307f\u5408\u308f\u305b\u305f\u3082\u306e\u3067\u3059\u3002\u3053\u308c\u306f\u3001\u5f53\u793e\u304c\u5f93\u6765\u306e\u30ab\u30fc\u30c9\u63d0\u4f9b\u306e\u67a0\u3092\u8d85\u3048\u3066\u4fa1\u5024\u63d0\u6848\u3092\u62e1\u5927\u3057\u3001\u304a\u5ba2\u69d8\u306e\u8ca1\u52d9\u304a\u3088\u3073\u30e9\u30a4\u30d5\u30b9\u30bf\u30a4\u30eb\u306e\u30cb\u30fc\u30ba\u306b\u3088\u308a\u591a\u304f\u5bfe\u5fdc\u3057\u3066\u3044\u308b\u6700\u65b0\u306e\u4e00\u4f8b\u306b\u904e\u304e\u307e\u305b\u3093\u3002<\/p>\n<p>\u3055\u3089\u306b\u3001i2c\u3068\u306e\u65b0\u305f\u306a\u30d1\u30fc\u30c8\u30ca\u30fc\u30b7\u30c3\u30d7\u306b\u3088\u308a\u3001\u30d5\u30a3\u30f3\u30c6\u30c3\u30af\u4f01\u696d\u304c\u30a2\u30e1\u30ea\u30ab\u30f3\u30fb\u30a8\u30ad\u30b9\u30d7\u30ec\u30b9\u306e\u30cd\u30c3\u30c8\u30ef\u30fc\u30af\u4e0a\u3067\u3088\u308a\u30b7\u30fc\u30e0\u30ec\u30b9\u304b\u3064\u8fc5\u901f\u306b\u65b0\u5546\u54c1\u3092\u767a\u884c\u3067\u304d\u308b\u3088\u3046\u306b\u3059\u308b\u306a\u3069\u3001\u3055\u3089\u306a\u308b\u30a4\u30ce\u30d9\u30fc\u30b7\u30e7\u30f3\u306e\u63a8\u9032\u306b\u5411\u3051\u3066\u30d5\u30a3\u30f3\u30c6\u30c3\u30af\u4f01\u696d\u3078\u306e\u6ce8\u529b\u3092\u52a0\u901f\u3057\u3066\u3044\u307e\u3059\u3002\u307e\u305f\u3001ESG \u306e\u53d6\u308a\u7d44\u307f\u3082\u5f15\u304d\u7d9a\u304d\u9032\u3081\u3066\u3044\u307e\u3059\u3002ESG \u306e\u53d6\u308a\u7d44\u307f\u306f\u3001\u304a\u5ba2\u69d8\u3084\u5730\u57df\u793e\u4f1a\u3001\u793e\u54e1\u304c\u7e41\u6804\u3059\u308c\u3070\u3001\u5f53\u793e\u3082\u7e41\u6804\u3059\u308b\u3068\u3044\u3046\u8a8d\u8b58\u304b\u3089\u3001\u5f53\u793e\u306e\u4e8b\u696d\u6226\u7565\u5168\u822c\u306e\u91cd\u8981\u306a\u69cb\u6210\u8981\u7d20\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002\u591a\u69d8\u6027\u3068\u516c\u5e73\u6027\u306e\u78ba\u4fdd\u306b\u95a2\u3057\u3066\u306f\u30012024\u5e74\u307e\u3067\u306b\u591a\u69d8\u306a\u30b5\u30d7\u30e9\u30a4\u30e4\u30fc\u3068\u306e\u53d6\u5f15\u3092\u62e1\u5927\u3057\u3001\u7c73\u56fd\u5185\u306e\u5c11\u6570\u6c11\u65cf\u304c\u7d4c\u55b6\u3059\u308b\u4e2d\u5c0f\u4f01\u696d\u306b\u8cc7\u6e90\u3068\u8cc7\u91d1\u63f4\u52a9\u3092\u63d0\u4f9b\u3057\u3001\u7c73\u56fd\u5185\u306e\u6027\u5225\u3084\u6c11\u65cf\u3092\u554f\u308f\u305a\u7d66\u4e0e\u306e\u516c\u5e73\u6027\u3092\u7dad\u6301\u3059\u308b\u306a\u3069\u3001\u3055\u307e\u3056\u307e\u306a\u30a2\u30af\u30b7\u30e7\u30f3\u306b10\u5104\u30c9\u30eb\u3092\u6295\u8cc7\u3059\u308b\u3068\u3044\u3046\u76ee\u6a19\u306b\u5411\u3051\u30664\u5206\u306e3\u4ee5\u4e0a\u304c\u7d4c\u904e\u3057\u305f\u3068\u3053\u308d\u3067\u3059\u3002<\/p>\n<p>\u306a\u3069\u306b\u53d6\u308a\u7d44\u3093\u3067\u3044\u307e\u3059\u3002\u5148\u9031\u767a\u8868\u3055\u308c\u305f\u30d5\u30a9\u30fc\u30c1\u30e5\u30f3\u8a8c\u306e2022\u5e74\u7248\u300c\u6700\u3082\u50cd\u304d\u305f\u3044\u7c73\u56fd\u4f01\u696d\u300d\u306e\u7b2c8\u4f4d\u306b\u306f\u3001\u5f53\u793e\u306eDEI\u306e\u9032\u5c55\u304c\u3001\u5f53\u793e\u306e\u67d4\u8edf\u306a\u52b4\u50cd\u653f\u7b56\u3068\u3068\u3082\u306b\u91cd\u8981\u306a\u7406\u7531\u306e\u4e00\u3064\u3068\u3057\u3066\u6319\u3052\u3089\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u3053\u308c\u30673\u5e74\u9023\u7d9a\u306e\u30c8\u30c3\u30d710\u5165\u308a\u3068\u306a\u308a\u3001\u4eba\u6750\u306e\u78ba\u4fdd\u3068\u7dad\u6301\u306b\u8ca2\u732e\u3057\u3066\u3044\u307e\u3059\u3002\u307e\u305f\u3001\u300c\u5730\u7403\u6708\u9593\u300d\u306b\u3042\u308f\u305b\u3066\u3001\u30ab\u30fc\u30c9\u88fd\u54c1\u3078\u306e\u518d\u751f\u30d7\u30e9\u30b9\u30c1\u30c3\u30af\u306e\u4f7f\u7528\u3092\u5927\u5e45\u306b\u62e1\u5927\u3059\u308b\u76ee\u6a19\u306a\u3069\u3001\u304a\u5ba2\u69d8\u3084\u5730\u57df\u306e\u30d1\u30fc\u30c8\u30ca\u30fc\u3001\u540c\u50da\u306b\u5f53\u793e\u306e\u6c17\u5019\u5909\u52d5\u3078\u306e\u53d6\u308a\u7d44\u307f\u306b\u53c2\u52a0\u3057\u3066\u3082\u3089\u3046\u305f\u3081\u306e\u4e00\u9023\u306e\u53d6\u308a\u7d44\u307f\u3092\u6700\u8fd1\u767a\u8868\u3057\u307e\u3057\u305f\u3002\u3053\u308c\u3089\u306e\u53d6\u308a\u7d44\u307f\u306f\u3001\u79c1\u305f\u3061\u304c\u3059\u3067\u306b\u884c\u3063\u3066\u304d\u305f\u6d3b\u52d5\u3092\u571f\u53f0\u3068\u3057\u30012035\u5e74\u307e\u3067\u306b\u70ad\u7d20\u6392\u51fa\u3092\u5b8c\u5168\u306b\u30bc\u30ed\u306b\u3059\u308b\u3068\u3044\u3046\u7d04\u675f\u3092\u542b\u3081\u3001\u79c1\u305f\u3061\u81ea\u8eab\u306e\u4e8c\u9178\u5316\u70ad\u7d20\u6392\u51fa\u91cf\u3092\u524a\u6e1b\u3059\u308b\u305f\u3081\u306e\u52aa\u529b\u3092\u7d99\u7d9a\u3059\u308b\u3082\u306e\u3067\u3059\u3002\u8981\u7d04\u3059\u308b\u3068\u3001\u3053\u306e\u3088\u3046\u306b\u5805\u8abf\u306a\u5e74\u660e\u3051\u3068\u306a\u3063\u305f\u3053\u3068\u306b\u52a0\u3048\u3001\u30d1\u30f3\u30c7\u30df\u30c3\u30af\u304b\u3089\u306e\u7d99\u7d9a\u7684\u306a\u56de\u5fa9\u306b\u3088\u308b\u8ffd\u3044\u98a8\u3092\u671f\u5f85\u3057\u300118\uff05\u304b\u308920\uff05\u306e\u58f2\u4e0a\u6210\u9577\u7387\u30689.25\u30c9\u30eb\u304b\u30899.65\u30c9\u30eb\u306e1\u682a\u5f53\u305f\u308a\u5229\u76ca\u3068\u3044\u3046\u901a\u671f\u30ac\u30a4\u30c0\u30f3\u30b9\u3092\u518d\u78ba\u8a8d\u3057\u307e\u3059\u3002<\/p>\n<p>\u3055\u3089\u306b\u30012024\u5e74\u4ee5\u964d\u306b10\uff05\u8d85\u306e\u58f2\u4e0a\u6210\u9577\u304a\u3088\u307310\uff05\u53f0\u534a\u3070\u306eEPS\u6210\u9577\u3092\u76ee\u6307\u3059\u3068\u3044\u3046\u9577\u671f\u6210\u9577\u8a08\u753b\u306e\u9054\u6210\u306b\u5411\u3051\u3001\u5f53\u793e\u306e\u6226\u7565\u3092\u6210\u529f\u88cf\u306b\u9032\u3081\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u3068\u78ba\u4fe1\u3057\u3066\u3044\u307e\u3059\u3002\u6b21\u306b\u3001\u30b8\u30a7\u30d5\u304b\u3089\u5f53\u56db\u534a\u671f\u306e\u8a73\u7d30\u306b\u3064\u3044\u3066\u3054\u8aac\u660e\u3057\u307e\u3059\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>\u30b8\u30a7\u30d5\u30fb\u30ad\u30e3\u30f3\u30d9\u30eb &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u30b9\u30c6\u30a3\u30fc\u30d6\u3001\u7686\u3055\u3093\u3001\u304a\u306f\u3088\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u7b2c1\u56db\u534a\u671f\u306e\u696d\u7e3e\u306f\u30012022\u5e74\u306b\u5411\u3051\u305f\u5805\u5b9f\u306a\u30b9\u30bf\u30fc\u30c8\u3092\u53cd\u6620\u3057\u3066\u304a\u308a\u3001\u901a\u671f\u306e\u30ac\u30a4\u30c0\u30f3\u30b9\u3068\u30012022\u5e74\u4ee5\u964d\u306b\u6210\u9577\u306e\u52e2\u3044\u3092\u3064\u3051\u308b\u3068\u3044\u3046\u6211\u3005\u306e\u9858\u671b\u306b\u6cbf\u3063\u305f\u3082\u306e\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002\u307e\u305a\u3001\u30b9\u30e9\u30a4\u30c92\u306e\u8ca1\u52d9\u6982\u8981\u304b\u3089\u3054\u8aac\u660e\u3057\u307e\u3059\u3002\u6700\u3082\u91cd\u8981\u306a\u306e\u306f\u3001\u7b2c1\u56db\u534a\u671f\u306e\u58f2\u4e0a\u9ad8\u304c117\u5104\u30c9\u30eb\u3067\u3001\u70ba\u66ff\u30ec\u30fc\u30c8\u306e\u5909\u52d5\u306b\u3088\u308b\u5f71\u97ff\u3092\u9664\u3044\u305f\u5834\u5408\u300131\uff05\u5897\u52a0\u3057 \u305f\u3053\u3068\u3067\u3059\u3002\u3053\u308c\u306f\u3001\u5f53\u793e\u304c\u3053\u308c\u307e\u3067\u7bc9\u3044\u3066\u304d\u305f\u30e2\u30e1\u30f3\u30bf\u30e0\u3068\u9577\u671f\u7684\u306a\u6210\u9577\u76ee\u6a19\u306b\u6cbf\u3063\u305f\u3082\u306e\u3067\u3059\u3002<\/p>\n<p>\u7b2c1\u56db\u534a\u671f\u306e\u7d14\u5229\u76ca\u306f21\u5104\u30c9\u30eb\u30011\u682a\u5f53\u308a\u5229\u76ca\u306f2.73\u30c9\u30eb\u3068\u5831\u544a\u3055\u308c\u3066\u3044\u307e\u3059\u3002\u3054\u5b58\u77e5\u306e\u3068\u304a\u308a\u3001\u904e\u53bb2\u5e74\u9593\u3001\u696d\u754c\u3067\u306f\u3001\u30d1\u30f3\u30c7\u30df\u30c3\u30af\u306b\u8d77\u56e0\u3059\u308b\u4fe1\u7528\u4fdd\u967a\u306e\u5f15\u5f53\u91d1\u8abf\u6574\u984d\u306e\u5909\u52d5\u306b\u3088\u308a\u3001\u7d14\u5229\u76ca\u306e\u524d\u5e74\u540c\u671f\u6bd4\u306f\u53b3\u3057\u3044\u3082\u306e\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002\u3053\u306e\u305f\u3081\u3001\u5f53\u56db\u534a\u671f\u306f\u3001\u7a0e\u5f15\u524d\u5229\u76ca\u306b\u3064\u3044\u3066\u88dc\u8db3\u7684\u306b\u958b\u793a\u3059\u308b\u3053\u3068\u304c\u6709\u76ca\u3067\u3042\u308b\u3068\u8003\u3048\u307e \u3057\u305f\u3002\u3053\u306e\u6570\u5b57\u306f\u7b2c1\u56db\u534a\u671f\u306b27\u5104\u30c9\u30eb\u3067\u30012021\u5e74\u306e\u6bd4\u8f03\u53ef\u80fd\u306a\u6570\u5b57\u306b\u5bfe\u3057\u306616\uff05\u5897\u52a0\u3057\u3066\u304a\u308a\u3001\u4e2d\u6838\u53ce\u76ca\u306e\u4f38\u3073\u3092\u53cd\u6620\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u305d\u308c\u3067\u306f\u3001\u3082\u3046\u5c11\u3057\u8a73\u7d30\u306a\u696d\u7e3e\u306b\u3064\u3044\u3066\u3001\u307e\u305a\u6570\u91cf\u304b\u3089\u898b\u3066\u3044\u304d\u307e\u3057\u3087\u3046\u3002\u30b9\u30e9\u30a4\u30c9\u306b\u3042\u308b\u3088\u3046\u306b\u3001\u3053\u3053\u6570\u56db\u534a\u671f\u3067\u884c\u3063\u3066\u3044\u305f2019\u5e74\u3068\u306e\u6bd4\u8f03\u304b\u3089\u3001\u307b\u307c\u524d\u5e74\u540c\u671f\u6bd4\u3067\u306e\u6570\u91cf\u5831\u544a\u306b\u623b\u3057\u307e\u3057\u305f\u3002\u524d\u5e74\u540c\u671f\u6bd4\u3092\u91cd\u8996\u3057\u305f\u5831\u544a\u306b\u623b\u3059\u3053\u3068\u3067\u3001\u9577\u671f\u7684\u306a\u6210\u9577\u76ee\u6a19\u306b\u5411\u3051\u3066\u3001\u79c1\u305f\u3061\u304c\u7bc9\u3044\u3066\u304d\u305f\u30e2\u30e1\u30f3\u30bf\u30e0\u3068\u3001\u305d\u306e\u7dad\u6301\u3092\u76ee\u6307\u3057\u3066\u3044\u308b\u30e2\u30e1\u30f3\u30bf\u30e0\u3092\u3088\u308a\u3088\u304f\u3054\u7406\u89e3\u3044\u305f\u3060\u3051\u308b\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002\u30b9\u30e9\u30a4\u30c93\u3088\u308a\u3001\u7b2c1\u56db\u534a\u671f\u306e\u30cd\u30c3\u30c8\u30ef\u30fc\u30af\u7dcf\u91cf\u304a\u3088\u3073\u8acb\u6c42\u91d1\u984d\u306f\u70ba\u66ff\u8abf\u6574\u5f8c\u30d9\u30fc\u30b9\u3067\u3068\u3082\u306b\u524d\u5e74\u540c\u671f\u6bd430%\u4ee5\u4e0a\u5897\u52a0\u3057\u3001\u904e\u53bb\u6570\u56db\u534a\u671f\u306b\u898b\u3089\u308c\u305f\u9ad8\u3044\u6210\u9577\u7387\u304b\u3089\u3055\u3089\u306b\u5f37\u5316\u3055\u308c\u307e\u3057\u305f\u3002<\/p>\n<p>\u307e\u305f\u3001\u30b9\u30c6\u30a3\u30fc\u30d6\u304c\u5f37\u8abf\u3057\u305f\u3088\u3046\u306b\u3001\u56db\u534a\u671f\u5185\u3067\u306f\u30011\u6708\u30682\u6708\u521d\u65ec\u306b\u30aa\u30df\u30af\u30ed\u30f3\u306e\u6210\u9577\u304c\u920d\u5316\u3057\u307e\u3057\u305f\u304c\u30013\u6708\u306b\u5165\u308b\u3068\u529b\u5f37\u304f\u52a0\u901f\u3057\u3001\u540c\u6708\u306b\u904e\u53bb\u6700\u9ad8\u306e\u6708\u9593\u8ab2\u91d1\u984d\u3092\u9054\u6210\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3057\u305f\u3002\u3053\u306e\u9ad8\u6c34\u6e96\u306e\u6210\u9577\u306e\u5927\u90e8\u5206\u306f\u3001\u3053\u308c\u307e\u3067\u7bc9\u3044\u3066\u304d\u305f\u52e2\u3044\u3068\u3001\u30a4\u30f3\u30d5\u30ec\u306b\u3088\u308b\u308f\u305a\u304b\u306a\u5f71\u97ff\u3092\u53d7\u3051\u305f\u3060\u3051\u3067\u3001\u5f53\u793e\u306e\u30cd\u30c3\u30c8\u30ef\u30fc\u30af\u3092\u6d41\u308c\u308b\u53d6\u5f15\u6570\u306b\u3088\u3063\u3066\u3082\u305f\u3089\u3055\u308c\u305f\u3082\u306e\u3067\u3042\u308b\u3053\u3068\u3092\u6307\u6458\u3057\u3066\u304a\u304d\u305f\u3044\u3068\u601d\u3044\u307e\u3059\u3002\u3055\u3066\u3001\u5148\u6708\u306e\u6295\u8cc7\u5bb6\u5411\u3051\u8aac\u660e\u4f1a\u3067\u3082\u304a\u8a71\u3057\u3057\u305f\u3068\u304a\u308a\u3001\u307e\u305f\u30b9\u30e9\u30a4\u30c94\u306b\u3082\u7e70\u308a\u8fd4\u3057\u8a18\u8f09\u3057\u3066\u3044\u307e\u3059\u304c\u3001\u5f53\u793e\u306e\u8ab2\u91d1\u30d3\u30b8\u30cd\u30b9\u306e\u5927\u534a\u306f\u3001\u6d88\u8cbb\u8005\u3068\u4e2d\u5c0f\u4f01\u696d\u306e\u304a\u5ba2\u69d8\u306b\u3088\u308b\u5546\u54c1\u3084\u30b5\u30fc\u30d3\u30b9\u3078\u306e\u652f\u51fa\u3067\u3059\u3002\u307e\u305f\u3001\u30b9\u30e9\u30a4\u30c95\u3067\u3054\u89a7\u3044\u305f\u3060\u3051\u308b\u3088\u3046\u306b\u3001\u7b2c1\u56db\u534a\u671f\u306e\u30d3\u30b8\u30cd\u30b9\u30b5\u30fc\u30d3\u30b9\u652f\u51fa\u306f\u5805\u8abf\u306b\u63a8\u79fb\u3057\u3001\u524d\u5e74\u540c\u671f\u6bd4\u306721%\u306b\u9054\u3057\u30012021\u5e74\u306e\u51fa\u53e3\u7387\u3092\u308f\u305a\u304b\u306b\u4e0a\u56de\u308a\u307e\u3057\u305f\u3002<\/p>\n<p>\u3053\u306e\u52e2\u3044\u306f\u3001\u30aa\u30d5\u30e9\u30a4\u30f3\u652f\u51fa\u306e\u4f38\u3073\u304c\u5f37\u307e\u308b\u4e2d\u3067\u3082\u7b2c1\u56db\u534a\u671f\u306b\u7d9a\u3044\u305f\u30aa\u30f3\u30e9\u30a4\u30f3\u3068\u30ab\u30fc\u30c9\u30ec\u30b9\u652f\u51fa\u306e\u529b\u5f37\u3044\u4f38\u3073\u306b\u3088\u308b\u3082\u306e\u3067\u3001\u30d1\u30f3\u30c7\u30df\u30c3\u30af\u306b\u3088\u3063\u3066\u52a0\u901f\u3057\u305f\u30aa\u30f3\u30e9\u30a4\u30f3\u30b3\u30de\u30fc\u30b9\u306e\u69cb\u9020\u8ee2\u63db\u306e\u52b9\u679c\u3092\u5b9f\u8a3c\u3057\u3066\u3044\u307e\u3059\u3002T&amp;E\u8cbb\u306f\u58f2\u4e0a\u9ad8\u5168\u4f53\u306b\u5360\u3081\u308b\u5272\u5408\u306f\u5c0f\u3055\u3044\u3067\u3059\u304c\u3001\u30b9\u30e9\u30a4\u30c96\u306b\u793a\u3059\u3088\u3046\u306b\u3001T&amp;E\u8cbb\u5168\u4f53\u304c\u524d\u5e74\u540c\u671f\u6bd4121%\u5897\u3068\u306a\u308a\u3001\u5f53\u793e\u306e\u6210\u9577\u306e\u52e2\u3044\u3092\u5f37\u529b\u306b\u652f\u3048\u3066\u3044\u307e\u3059\u3002T&amp;E\u652f\u51fa\u306f\u30011\u6708\u30682\u6708\u4e0a\u65ec\u306b\u30aa\u30df\u30af\u30ed\u30f3\u306e\u5f71\u97ff\u3067\u843d\u3061\u8fbc\u307f\u307e\u3057\u305f\u304c\u3001\u305d\u306e\u5f8c\u3001\u65c5\u884c\u9700\u8981\u306e\u9ad8\u307e\u308a\u3092\u53cd\u6620\u3057\u3066\u5927\u304d\u304f\u56de\u5fa9\u3057\u30013\u6708\u306b\u306f\u30d1\u30f3\u30c7\u30df\u30c3\u30af\u958b\u59cb\u4ee5\u6765\u521d\u3081\u30662019\u5e74\u306e\u6c34\u6e96\u306b\u9054\u3057\u307e\u3057\u305f\u3002\u305d\u3057\u3066\u3001\u3053\u306e\u3088\u3046\u306aT&amp;E\u652f\u51fa\u306e\u4f38\u3073\u306f\u30014\u6708\u4e0a\u65ec\u307e\u3067\u7d9a\u3044\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u30b9\u30e9\u30a4\u30c97\u306b\u3042\u308b\u3088\u3046\u306b\u3001\u3053\u308c\u3089\u306e\u652f\u51fa\u50be\u5411\u3092\u6d88\u8cbb\u8005\u5411\u3051\u4e8b\u696d\u3068\u5546\u696d\u5411\u3051\u4e8b\u696d\u3067\u5206\u3051\u3066\u307f\u308b\u3068\u3001\u4ed6\u306b\u3082\u3044\u304f\u3064\u304b\u306e\u91cd\u8981\u306a\u30dd\u30a4\u30f3\u30c8\u304c\u3042\u308a\u307e\u3059\u306e\u3067\u3001\u5341\u5206\u306b\u3054\u7406\u89e3\u3044\u305f\u3060\u304f\u3053\u3068\u3092\u304a\u52e7\u3081\u3057\u307e\u3059\u3002\u307e\u305a\u3001\u30df\u30ec\u30cb\u30a2\u30eb\u4e16\u4ee3\u3068 Z \u4e16\u4ee3\u306e\u304a\u5ba2\u3055\u307e\u306f\u3001\u5f15\u304d\u7d9a\u304d\u5f53\u793e\u3067\u6700\u3082\u9ad8\u3044\u6d88\u8cbb\u6210\u9577\u3092\u727d\u5f15\u3057\u3066\u304a\u308a\u3001\u5f7c\u3089\u306e\u6d88\u8cbb\u306f\u524d\u5e74\u540c\u671f\u6bd4 56\uff05\u5897\u3001 \u305d\u306e\u4ed6\u306e\u5e74\u9f62\u5c64\u306e\u6d88\u8cbb\u3082\u5f53\u56db\u534a\u671f\u306b\u5897\u52a0\u3057\u307e\u3057\u305f\u3002\u7b2c\u4e8c\u306b\u3001\u4e2d\u5c0f\u4f01\u696d\u9867\u5ba2\u306e\u4e8b\u696d\u904b\u55b6\u3092\u652f\u63f4\u3059\u308b\u3068\u3044\u3046\u5f53\u793e\u306e\u30b3\u30de\u30fc\u30b7\u30e3\u30eb\u30fb\u30d3\u30b8\u30cd\u30b9\u306e\u6226\u7565\u7684\u91cd\u70b9\u304c\u3001\u4e2d\u5c0f\u4f01\u696d\u652f\u51fa\u5168\u4f53\u306e\u529b\u5f37\u3044\u6210\u9577\u3092\u5f15\u304d\u7d9a\u304d\u727d\u5f15\u3057\u3066\u304a\u308a\u3001\u7b2c1\u56db\u534a\u671f\u306b\u306f\u7c73\u56fd\u3068\u30ab\u30ca\u30c0\u3067\u6210\u9577\u304c\u52a0\u901f\u3057\u300130%\u5897\u3068\u306a\u308a\u307e\u3057\u305f\u3002<\/p>\n<p>\u3068\u56fd\u969b\u7dda\u3002\u3053\u306e\u30bb\u30b0\u30e1\u30f3\u30c8\u306e\u6210\u9577\u7387\u306f\u4f4e\u3044\u3082\u306e\u306e\u3001\u5927\u4f01\u696d\u3084\u30b0\u30ed\u30fc\u30d0\u30eb\u4f01\u696d\u306e\u9867\u5ba2\u306f\u51fa\u5f35\u56de\u5fa9\u306e\u5146\u3057\u3092\u898b\u305b\u59cb\u3081\u3066\u304a\u308a\u3001\u7279\u306b\u5f53\u56db\u534a\u671f\u306e\u5f8c\u534a\u306b\u306f\u524d\u5e74\u540c\u671f\u6bd442%\u306e\u4f38\u3073\u3092\u793a\u3057\u307e\u3057\u305f\u3002\u3053\u306e\u3088\u3046\u306b\u3001\u5168\u4f53\u3068\u3057\u3066\u652f\u51fa\u984d\u306e\u5897\u52a0\u306e\u52e2\u3044\u304c\u3042\u308a\u3001\u4eca\u5e74\u5ea6\u304a\u3088\u3073\u9577\u671f\u7684\u306a\u671f\u5f85\u5024\u306b\u6cbf\u3063\u3066\u63a8\u79fb\u3057\u3066\u3044\u308b\u3053\u3068\u306b\u6e80\u8db3\u3057\u3066\u3044\u307e\u3059\u3002\u30b9\u30e9\u30a4\u30c99\u306e\u50b5\u6a29\u30fb\u878d\u8cc7\u6b8b\u9ad8\u3092\u3054\u89a7\u3044\u305f\u3060\u304f\u3068\u3001\u6210\u9577\u306e\u52e2\u3044\u306b\u3088\u308a\u3001\u5f53\u56db\u534a\u671f\u306e\u878d\u8cc7\u6b8b\u9ad8\u306f\u5927\u6d41\u884c\u524d\u306e\u6c34\u6e96\u306b\u307b\u307c\u623b\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u6295\u8cc7\u5bb6\u5411\u3051\u8aac\u660e\u4f1a\u3067\u7533\u3057\u4e0a\u3052\u305f\u901a\u308a\u3001\u878d\u8cc7\u6b8b\u9ad8\u306e\u6709\u5229\u5b50\u8ca0\u50b5\u3082\u524d\u56db\u534a\u671f\u6bd4\u3067\u5897\u52a0\u3057\u7d9a\u3051\u3066\u3044\u307e\u3059\u304c\u3001\u9867\u5ba2\u57fa\u76e4\u306e\u6d41\u52d5\u6027\u3068\u529b\u5f37\u3055\u306b\u3088\u308a\u8fd4\u6e08\u7387\u304c\u9ad8\u6b62\u307e\u308a\u3057\u3066\u3044\u308b\u305f\u3081\u30012019\u5e74\u306e\u30ec\u30d9\u30eb\u3092\u4e0b\u56de\u3063\u3066\u3044\u308b\u72b6\u6cc1\u3067\u3059\u3002\u3053\u306e\u6d41\u52d5\u6027\u3068\u529b\u5f37\u3055\u306f\u3001\u3082\u3061\u308d\u3093\u3001\u30b9\u30e9\u30a4\u30c910\uff5e12\u306e\u4e0e\u4fe1\u3068\u5f15\u5f53\u91d1\u306b\u76ee\u3092\u5411\u3051\u308b\u3068\u3001\u6975\u3081\u3066\u5f37\u3044\u4e0e\u4fe1\u5b9f\u7e3e\u304c\u7d9a\u3044\u3066\u3044\u308b\u3053\u3068\u304b\u3089\u3082\u660e\u3089\u304b\u3067\u3059\u3002\u30ab\u30fc\u30c9\u4f1a\u54e1\u5411\u3051\u8cb8\u4ed8\u91d1\u304a\u3088\u3073\u50b5\u6a29\u306e\u511f\u5374\u7387\u3084\u5ef6\u6ede\u7387\u306f\u3001\u5927\u6d41\u884c\u524d\u306e\u6c34\u6e96\u3092\u5927\u5e45\u306b\u4e0b\u56de\u308a\u3001\u5f53\u793e\u306e\u4e88\u60f3\u901a\u308a\u3067\u3059\u304c\u3001\u4eca\u671f\u306f\u5c11\u3057\u4e0a\u6607\u3057\u307e\u3057\u305f\u3002\u6b21\u306b\u3001\u3053\u306e\u30af\u30ec\u30b8\u30c3\u30c8\u30fb\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u306e\u4f1a\u8a08\u51e6\u7406\u306b\u3064\u3044\u3066\u3054\u8aac\u660e\u3057\u307e\u3059\u3068\u3001\u524d\u4f8b\u304c\u306a\u3044\u30d1\u30f3\u30c7\u30df\u30c3\u30af\u3068\u3044\u3046\u5927\u304d\u306a\u4e0d\u78ba\u5b9f\u6027\u306b\u5bfe\u51e6\u3059\u308b\u305f\u3081\u306b\u7a4d\u307f\u7acb\u3066\u305f\u4fe1\u7528\u6e96\u5099\u91d1\u306e\u5927\u90e8\u5206\u3092\u4eca\u671f\u306b\u53d6\u308a\u5d29\u3057\u305f\u3053\u3068\u304c\u304a\u5206\u304b\u308a\u3044\u305f\u3060\u3051\u308b\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>\u30d1\u30f3\u30c7\u30df\u30c3\u30af\u306b\u8d77\u56e0\u3059\u308b\u7d4c\u6e08\u6d3b\u52d5\u306e\u505c\u6b62\u304b\u3089\u6301\u7d9a\u7684\u306b\u56de\u5fa9\u3057\u3066\u3044\u308b\u3053\u3068\u304b\u3089\u3001\u30d1\u30f3\u30c7\u30df\u30c3\u30af\u306b\u8d77\u56e0\u3059\u308b\u5f15\u5f53\u91d1\u3092\u6e1b\u984d\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3057\u305f\u3002\u73fe\u5728\u306e\u5730\u653f\u5b66\u7684\u30fb\u30a4\u30f3\u30d5\u30ec\u7684\u74b0\u5883\u306b\u306f\u307e\u3060\u591a\u304f\u306e\u4e0d\u78ba\u5b9f\u6027\u304c\u5b58\u5728\u3057\u307e\u3059\u304c\u3001CECL\u30e2\u30c7\u30eb\u306f\u3053\u308c\u3089\u306e\u4e0d\u78ba\u5b9f\u6027\u306b\u95a2\u9023\u3057\u305f\u4e88\u60f3\u4fe1\u7528\u30ea\u30b9\u30af\u3092\u3088\u308a\u9069\u5207\u306b\u6355\u6349\u3057\u3001\u5fc5\u8981\u306a\u5f15\u5f53\u91d1\u306e\u9069\u5207\u306a\u6c34\u6e96\u3092\u6c7a\u5b9a\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002\u7b2c1\u56db\u534a\u671f\u306e\u5805\u8abf\u306a\u4fe1\u7528\u5b9f\u7e3e\u3068\u5f15\u5f53\u91d1\u306e\u8abf\u6574\u306b\u3088\u308a\u30013,300\u4e07\u30c9\u30eb\u306e\u5f15\u5f53\u91d1\u7e70\u5165\u984d\u304c\u751f\u3058\u307e\u3057\u305f\u3002\u3053\u308c\u306f\u3001\u30b9\u30e9\u30a4\u30c911\u306b\u793a\u3057\u305f\u3088\u3046\u306b\u3001\u4f4e\u6c34\u6e96\u306e\u8a55\u4fa1\u640d\u304c\u7d14\u7e70\u5165\u984d\u3068\u5b8c\u5168\u306b\u76f8\u6bba\u3055\u308c\u305f\u305f\u3081\u3067\u3059\u3002\u30b9\u30e9\u30a4\u30c912\u306b\u3042\u308b\u3088\u3046\u306b\u3001\u7b2c1\u56db\u534a\u671f\u672b\u306e\u5f15\u5f53\u91d1\u306f31\u5104\u30c9\u30eb\u3067\u3001\u305d\u308c\u305e\u308c\u30ed\u30fc\u30f3\u6b8b\u9ad8\u306e3.3%\u3001\u30ab\u30fc\u30c9\u4f1a\u54e1\u5411\u3051\u50b5\u6a29\u6b8b\u9ad8\u306e0.1%\u306b\u76f8\u5f53\u3057\u307e\u3059\u3002<\/p>\n<p>\u3053\u308c\u306f\u3001\u3053\u308c\u307e\u3067\u306e\u597d\u8abf\u306a\u30af\u30ec\u30b8\u30c3\u30c8\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u3092\u8003\u3048\u308b\u3068\u3001\u30d1\u30f3\u30c7\u30df\u30c3\u30af\u524d\u306e\u5f15\u5f53\u91d1\u306e\u6c34\u6e96\u3092\u5927\u304d\u304f\u4e0b\u56de\u3063\u3066\u3044\u307e\u3059\u3002\u4eca\u5f8c\u3001\u30ed\u30fc\u30f3\u6b8b\u9ad8\u3001\u7279\u306b\u6709\u5229\u5b50\u8ca0\u50b5\u6b8b\u9ad8\u304c\u3088\u308a\u6709\u610f\u7fa9\u306b\u7a4d\u307f\u4e0a\u304c\u308b\u306b\u3064\u308c\u3066\u3001\u5ef6\u6ede\u7387\u3068\u640d\u5931\u7387\u306f\u6642\u9593\u3092\u304b\u3051\u3066\u3086\u3063\u304f\u308a\u3068\u4e0a\u6607\u3092\u7d9a\u3051\u308b\u3082\u306e\u306e\u3001\u4eca\u5e74\u5ea6\u306f\u30d1\u30f3\u30c7\u30df\u30c3\u30af\u524d\u306e\u6c34\u6e96\u3092\u4e0b\u56de\u308b\u3068\u4e88\u60f3\u3057\u3066\u3044\u307e\u3059\u3002\u307e\u305f\u3001\u5e74\u9593\u3092\u901a\u3058\u3066\u56db\u534a\u671f\u3054\u3068\u306b\u5f15\u5f53\u91d1\u306e\u8abf\u6574\u984d\u304c\u5909\u52d5\u3059\u308b\u53ef\u80fd\u6027\u306f\u3042\u308a\u307e\u3059\u304c\u3001\u30d0\u30e9\u30f3\u30b9\u30b7\u30fc\u30c8\u4e0a\u306e\u5f15\u5f53\u91d1\u306e\u6c34\u6e96\u306f\u4eca\u671f\u672b\u3088\u308a\u9ad8\u304f\u306a\u308b\u3068\u4e88\u60f3\u3057\u3066\u3044\u307e\u3059\u3002\u30b9\u30e9\u30a4\u30c913\u306e\u53ce\u76ca\u306b\u79fb\u308a\u307e\u3059\u304c\u3001\u6c7a\u7b97\u306b\u79fb\u308b\u524d\u306b\u3001\u53ce\u76ca\u5831\u544a\u306b\u95a2\u3057\u3066\u884c\u3063\u305f\u3044\u304f\u3064\u304b\u306e\u5909\u66f4\u306b\u3064\u3044\u3066\u8aac\u660e\u3059\u308b\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<p>\u307e\u305a\u3001\u6628\u5e74\u306e\u7b2c1\u56db\u534a\u671f\u304b\u3089\u3001\u5f53\u793e\u304c\u767a\u884c\u3059\u308b\u30ab\u30fc\u30c9\u3068\u30cd\u30c3\u30c8\u30ef\u30fc\u30af\u306e\u5f79\u5272\u3092\u679c\u305f\u3059\u30ab\u30fc\u30c9\u3068\u306e\u533a\u5225\u3092\u3088\u308a\u660e\u78ba\u306b\u3059\u308b\u305f\u3081\u306b\u3001\u51e6\u7406\u6e08\u307f\u6570\u91cf\u3092\u5831\u544a\u3059\u308b\u3088\u3046\u306b\u306a\u308a\u307e\u3057\u305f\u3002\u900f\u660e\u6027\u3092\u9ad8\u3081\u308b\u305f\u3081\u3001\u3053\u308c\u3089\u306e\u6570\u91cf\u306b\u95a2\u9023\u3059\u308b\u53ce\u5165\u3092\u3001\u5272\u5f15\u53ce\u5165\u3001\u305d\u306e\u4ed6\u306e\u624b\u6570\u6599\u53ce\u5165\u3001\u305d\u306e\u4ed6\u306e\u53ce\u5165\u304b\u3089\u79fb\u3057\u3001\u51e6\u7406\u53ce\u5165\u3068\u3044\u3046\u65b0\u3057\u3044\u9805\u76ee\u306b\u7d71\u5408\u3057\u3001\u51e6\u7406\u6570\u91cf\u3068\u7167\u5408\u3067\u304d\u308b\u3088\u3046\u306b\u3057\u307e\u3057\u305f\u3002\u307e\u305f\u3001\u305d\u306e\u4ed6\u306e\u624b\u6570\u6599\u53ce\u5165\u3068\u305d\u306e\u4ed6\u306e\u53ce\u5165\u306e\u6b8b\u984d\u3092\u3001\u30b5\u30fc\u30d3\u30b9\u624b\u6570\u6599\u53ce\u5165\u3068\u305d\u306e\u4ed6\u306e\u53ce\u5165\u306b\u7d71\u5408\u3057\u307e\u3057\u305f\u3002\u3053\u306e\u9805\u76ee\u306e\u6700\u5927\u306e\u69cb\u6210\u8981\u7d20\u306f\u3001\u30ed\u30a4\u30e4\u30ea\u30c6\u30a3\u9023\u5408\u4e8b\u696d\u304b\u3089\u751f\u3058\u308b\u3088\u3046\u306a\u52a0\u76df\u5e97\u304b\u3089\u306e\u30b5\u30fc\u30d3\u30b9\u624b\u6570\u6599\u3068\u3001\u70ba\u66ff\u63db\u7b97\u624b\u6570\u6599\u306a\u3069\u306e\u5916\u8ca8\u95a2\u9023\u53ce\u5165\u3067\u3059\u3002\u3053\u306e\u53ce\u76ca\u9805\u76ee\u306f\u3001\u6b21\u306e\u30b9\u30e9\u30a4\u30c9\u306b\u793a\u3059\u3088\u3046\u306b\u3001\u7b2c1\u56db\u534a\u671f\u306b\u304a\u3044\u3066\u524d\u5e74\u540c\u671f\u6bd442\uff05\u5897\u3068\u597d\u8abf\u306b\u63a8\u79fb\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u3053\u306e\u6210\u9577\u306f\u3001\u4e3b\u306b\u65c5\u884c\u95a2\u9023\u53ce\u5165\u306e\u5897\u52a0\u306b\u3088\u308b\u3082\u306e\u3067\u3059\u3002\u307e\u305f\u3001\u6295\u8cc7\u5bb6\u5411\u3051\u8aac\u660e\u4f1a\u3067\u7533\u3057\u4e0a\u3052\u305f\u3068\u304a\u308a\u3001\u4eca\u5e74\u5ea6\u3092\u901a\u3058\u3066\u30d1\u30f3\u30c7\u30df\u30c3\u30af\u56de\u5fa9\u306e\u8ffd\u3044\u98a8\u3068\u306a\u308b\u3053\u3068\u3092\u671f\u5f85\u3057\u3066\u3044\u307e\u3059\u3002\u306a\u304a\u3001\u6c7a\u7b97\u77ed\u4fe1\u306b\u8a18\u8f09\u3055\u308c\u3066\u3044\u308b\u904e\u53bb\u306e\u8ca1\u52d9\u8af8\u8868\u306f\u3001\u7c73\u56fd\u4f1a\u8a08\u539f\u5247\u306b\u3082\u3068\u3065\u3044\u3066\u4f5c\u6210\u3057\u3066\u3044\u307e\u3059\u3002\u307e\u305f\u3001\u3053\u308c\u3089\u306e\u5831\u544a\u4e0a\u306e\u5909\u66f4\u304a\u3088\u3073\u4e3b\u8981\u306a\u7528\u8a9e\u306e\u5b9a\u7fa9\u306b\u3064\u3044\u3066\u306f\u3001Form 10-Q\u306b\u8a18\u8f09\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u3053\u308c\u3089\u306e\u5909\u66f4\u3092\u8e0f\u307e\u3048\u3001\u30b9\u30e9\u30a4\u30c914\u3088\u308a\u3001\u5b9f\u969b\u306e\u53ce\u76ca\u72b6\u6cc1\u306b\u3064\u3044\u3066\u3054\u8aac\u660e\u3057\u307e\u3059\u3002\u5f53\u56db\u534a\u671f\u306e\u58f2\u4e0a\u9ad8\u306f\u3001\u3059\u3079\u3066\u306e\u88fd\u54c1\u30e9\u30a4\u30f3\u306b\u304a\u3044\u3066\u5e45\u5e83\u3044\u53ce\u76ca\u6210\u9577\u3092\u5b9f\u73fe\u3057\u3001\u524d\u5e74\u540c\u671f\u6bd429\uff05\u5897\u3068\u306a\u308a \u307e\u3057\u305f\u3002\u6700\u5927\u306e\u53ce\u76ca\u9805\u76ee\u3067\u3042\u308b\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\u53ce\u5165\u306f\u3001\u30b9\u30e9\u30a4\u30c915\u306b\u8a18\u8f09\u306e\u3068\u304a\u308a\u3001\u70ba\u66ff\u8abf\u6574\u5f8c\u30d9\u30fc\u30b9\u3067\u7b2c1\u56db\u534a\u671f\u306b\u524d\u5e74\u540c\u671f\u6bd438\uff05\u306e\u4f38\u3073\u3092\u793a\u3057\u307e\u3057\u305f\u3002\u3053\u306e\u6210\u9577\u306f\u3001\u5546\u54c1\u30fb\u30b5\u30fc\u30d3\u30b9\u6d88\u8cbb\u306e\u6301\u7d9a\u7684\u306a\u4f38\u3073\u3068\u3001T&amp;E\u652f\u51fa\u306e\u7d99\u7d9a\u7684\u306a\u56de\u5fa9\u306e\u4e21\u65b9\u306b\u3088\u3063\u3066\u3082\u305f\u3089\u3055\u308c\u307e\u3057\u305f\u3002<\/p>\n<p>\u30ab\u30fc\u30c9\u624b\u6570\u6599\u53ce\u5165\u306f\u3001\u30b9\u30e9\u30a4\u30c916\u306b\u3042\u308b\u3088\u3046\u306b\u30012021\u5e74\u306e10%\u304b\u308911%\u306e\u6210\u9577\u7387\u304b\u3089\u518d\u52a0\u901f\u3057\u3001\u70ba\u66ff\u8abf\u6574\u5f8c\u30d9\u30fc\u30b9\u3067\u7b2c1\u56db\u534a\u671f\u306b\u524d\u5e74\u540c\u671f\u6bd416%\u5897\u3068\u306a\u308a\u307e\u3057\u305f\u3002\u6295\u8cc7\u5bb6\u5411\u3051\u8aac\u660e\u4f1a\u3067\u7533\u3057\u4e0a\u3052\u305f\u3068\u304a\u308a\u3001\u3053\u306e\u6210\u9577\u306f\u3001\u30d7\u30ec\u30df\u30a2\u30e0\u30fb\u30d0\u30ea\u30e5\u30fc\u30fb\u30d7\u30ed\u30dd\u30b8\u30b7\u30e7\u30f3\u3078\u306e\u6295\u8cc7\u306e\u7d50\u679c\u3001\u65b0\u898f\u53e3\u5ea7\u304c\u6709\u6599\u5546\u54c1\u306b\u79fb\u884c\u3057\u3001\u898b\u8fbc\u307f\u9867\u5ba2\u3068\u65e2\u5b58\u9867\u5ba2\u306e\u4e21\u65b9\u306b\u3068\u3063\u3066\u305d\u308c\u3089\u306e\u30d0\u30ea\u30e5\u30fc\u30fb\u30d7\u30ed\u30dd\u30b8\u30b7\u30e7\u30f3\u304c\u5f15\u304d\u7d9a\u304d\u9b45\u529b\u7684\u3067\u3042\u308b\u3053\u3068\u304c\u4e3b\u306a\u8981\u56e0\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002\u5f53\u56db\u534a\u671f\u306f\u3001\u7c73\u56fd\u30b3\u30f3\u30b7\u30e5\u30fc\u30de\u30fc\u304a\u3088\u3073\u7c73\u56fd\u30d3\u30b8\u30cd\u30b9\u306e\u30d7\u30e9\u30c1\u30ca\u30ab\u30fc\u30c9\u4f1a\u54e1\u3092\u7372\u5f97\u3057\u3001300\u4e07\u679a\u306e\u65b0\u898f\u30ab\u30fc\u30c9\u3092\u7372\u5f97\u3057\u307e\u3057\u305f\u3002<\/p>\n<p>\u3053\u308c\u306f\u3001\u5f53\u793e\u306e\u5546\u54c1\u3001\u7279\u306b\u30d7\u30ec\u30df\u30a2\u30e0\u624b\u6570\u6599\u4ed8\u304d\u5546\u54c1\u306b\u5bfe\u3059\u308b\u5927\u304d\u306a\u9700\u8981\u3092\u793a\u3057\u3066\u3044\u307e\u3059\u3002\u6b21\u306b\u3001\u7d14\u91d1\u5229\u53ce\u5165\u306b\u3064\u3044\u3066\u3067\u3059\u3002\u30b9\u30e9\u30a4\u30c917\u3092\u3054\u89a7\u3044\u305f\u3060\u304f\u3068\u3001\u5f53\u56db\u534a\u671f\u306f\u521d\u3081\u30662019\u5e74\u306e\u6c34\u6e96\u3092\u4e0a\u56de\u308a\u307e\u3057\u305f\u3002\u3053\u308c\u306f\u4e3b\u306b\u652f\u6255\u5229\u606f\u306e\u6e1b\u5c11\u306b\u3088\u308b\u3082\u306e\u3067\u3001\u7279\u306b\u4eca\u65e5\u306e\u91d1\u5229\u4e0a\u6607\u74b0\u5883\u306b\u304a\u3044\u3066\u3001\u4e00\u822c\u7684\u306b\u6700\u3082\u30b3\u30b9\u30c8\u306e\u4f4e\u3044\u8cc7\u91d1\u8abf\u9054\u6e90\u3067\u3042\u308b\u9810\u91d1\u306e\u69cb\u6210\u304c\u5897\u52a0\u3057\u305f\u3053\u3068\u304c\u4e00\u56e0\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002\u5f53\u56db\u534a\u671f\u306e\u7d14\u5229\u606f\u53ce\u76ca\u306f\u524d\u5e74\u540c\u671f\u6bd4 20\uff05\u5897\u3068\u975e\u5e38\u306b\u597d\u8abf\u3067\u3057\u305f\u304c\u3001\u30ea\u30dc\u30eb\u30d3\u30f3\u30b0\u30ed\u30fc\u30f3\u6b8b\u9ad8\u306e\u56de\u5fa9\u304c \u7d9a\u3044\u3066\u3044\u308b\u305f\u3081\u3001AR \u8cb8\u51fa\u306e\u4f38\u3073\u3092\u4e0b\u56de\u308b\u6c34\u6e96\u306b\u3068\u3069\u307e\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u305d\u306e\u305f\u3081\u30012022\u5e74\u306e\u53ce\u76ca\u6210\u9577\u306b\u306f\u3001\u7d14\u5229\u606f\u304c\u30d1\u30f3\u30c7\u30df\u30c3\u30af\u56de\u5fa9\u306e\u8ffd\u3044\u98a8\u306b\u306a\u308b\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002\u307e\u3068\u3081\u308b\u3068\u3001\u30b9\u30e9\u30a4\u30c918\u306e\u53ce\u76ca\u306b\u3064\u3044\u3066\u306f\u3001\u4e88\u60f3\u306b\u5bfe\u3057\u3066\u9806\u8abf\u306b\u63a8\u79fb\u3057\u3066\u3044\u307e\u3059\u3002\u307e\u305f\u30012022\u5e74\u901a\u5e74\u3067\u308218%\u304b\u308920%\u306e\u53ce\u76ca\u6210\u9577\u3092\u898b\u8fbc\u3093\u3067\u3044\u307e\u3059\u3002\u4eca\u304a\u8a71\u3057\u305f\u53ce\u76ca\u306e\u30e2\u30e1\u30f3\u30bf\u30e0\u306f\u3001\u30de\u30fc\u30b1\u30c6\u30a3\u30f3\u30b0\u3001\u30d0\u30ea\u30e5\u30fc\u30d7\u30ed\u30dd\u30b8\u30b7\u30e7\u30f3\u3001\u30ab\u30d0\u30ec\u30c3\u30b8\u3001\u30c6\u30af\u30ce\u30ed\u30b8\u30fc\u3001\u4eba\u6750\u3078\u306e\u6295\u8cc7\u306b\u3088\u3063\u3066\u3082\u305f\u3089\u3055\u308c\u305f\u3082\u306e\u3067\u3059\u3002<\/p>\n<p>\u3053\u308c\u3089\u306e\u6295\u8cc7\u306f\u3001\u30b9\u30e9\u30a4\u30c919\u306b\u8a18\u8f09\u3055\u308c\u3066\u3044\u308b\u8cbb\u7528\u9805\u76ee\u5168\u4f53\u306b\u53cd\u6620\u3055\u308c\u3066\u3044\u307e\u3059\u3002\u307e\u305a\u3001\u30ab\u30b9\u30bf\u30de\u30fc\u30fb\u30a8\u30f3\u30b2\u30fc\u30b8\u30e1\u30f3\u30c8\u306e\u5909\u52d5\u8cbb\u3067\u3059\u304c\u3001\u5148\u307b\u3069\u30b9\u30c6\u30a3\u30fc\u30d6\u304c\u8aac\u660e\u3057\u305f\u3088\u3046\u306b\u3001\u30ab\u30b9\u30bf\u30de\u30fc\u30fb\u30a8\u30f3\u30b2\u30fc\u30b8\u30e1\u30f3\u30c8\u306e\u597d\u8abf\u306a\u4f38\u3073\u306b\u3088\u308a\u3001\u3053\u308c\u3089\u306e\u7d4c\u8cbb\u304c\u4f38\u3073\u3066\u3044\u307e\u3059\u3002\u3053\u306e\u8cbb\u7528\u306e\u5408\u8a08\u306f\u3001\u7b2c1\u56db\u534a\u671f\u3067\u306f\u7dcf\u53ce\u5165\u306e41\uff05\u3068\u306a\u308a\u3001\u901a\u671f\u3067\u306f\u7dcf\u53ce\u5165\u306e42\uff05\u7a0b\u5ea6\u306b\u306a\u308b\u3068\u4e88\u60f3\u3057\u3066\u3044\u307e\u3059\u3002\u30de\u30fc\u30b1\u30c6\u30a3\u30f3\u30b0\u5206\u91ce\u3067\u306f\u3001\u7b2c1\u56db\u534a\u671f\u306b12\u5104\u30c9\u30eb\u3092\u6295\u8cc7\u3057\u30012022\u5e74\u306b\u7d0450\u5104\u30c9\u30eb\u3092\u6295\u8cc7\u3059\u308b\u3068\u3044\u3046\u4e88\u60f3\u306b\u6cbf\u3046\u5f62\u3067\u63a8\u79fb\u3057\u307e\u3057\u305f\u3002<\/p>\n<p>\u5148\u307b\u3069\u304a\u8a71\u3057\u305f\u3088\u3046\u306b\u3001\u65b0\u3057\u3044\u30ab\u30fc\u30c9\u306e\u8cb7\u53ce\u306e\u52e2\u3044\u304c\u5f37\u304f\u3001\u3055\u3089\u306b\u91cd\u8981\u306a\u306e\u306f\u3001\u305d\u308c\u3089\u306e\u8cb7\u53ce\u306b\u3088\u308b\u53ce\u76ca\u304c\u3001\u30d1\u30f3\u30c7\u30df\u30c3\u30af\u524d\u3088\u308a\u3082\u5927\u5e45\u306b\u5897\u52a0\u3059\u308b\u50be\u5411\u306b\u3042\u308b\u3053\u3068\u3067\u3059\u3002\u73fe\u5728\u8cc7\u91d1\u8abf\u9054\u3057\u3066\u3044\u308b\u6848\u4ef6\u4ee5\u5916\u306b\u3082\u3001\u9b45\u529b\u7684\u306a\u6295\u8cc7\u6848\u4ef6\u304c\u591a\u6570\u3042\u308a\u3001\u5f53\u793e\u88fd\u54c1\u306b\u5bfe\u3059\u308b\u9700\u8981\u306f\u5f15\u304d\u7d9a\u304d\u9ad8\u3044\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002\u30b9\u30e9\u30a4\u30c919\u306e\u4e0b\u306b\u79fb\u308a\u307e\u3059\u304c\u3001\u7b2c1\u56db\u534a\u671f\u306e\u55b6\u696d\u8cbb\u7528\u306f31\u5104\u30c9\u30eb\u3067\u3001\u901a\u5e74\u3067\u306f120\u5104\u30c9\u30eb\u5f37\u306e\u652f\u51fa\u3092\u898b\u8fbc\u3093\u3067\u3044\u307e\u3059\u3002\u5f53\u56db\u534a\u671f\u306e\u55b6\u696d\u8cbb\u7528\u306f\u524d\u5e74\u540c\u671f\u6bd426%\u5897\u3067\u3057\u305f\u304c\u3001\u30a2\u30e1\u30c3\u30af\u30b9\u30fb\u30d9\u30f3\u30c1\u30e3\u30fc\u30ba\u306e\u6226\u7565\u7684\u6295\u8cc7\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306e\u6642\u4fa1\u8a55\u4fa1\u76ca3\u51048400\u4e07\u30c9\u30eb\u304c\u3001\u55b6\u696d\u8cbb\u7528\u306b\u542b\u307e\u308c\u3066\u304a\u308a\u3001\u524d\u5e74\u540c\u671f\u6bd4\u3067\u5897\u52a0\u3057\u3066\u3044\u308b\u3053\u3068\u306f\u91cd\u8981\u306a\u70b9\u3067\u3059\u3002<\/p>\n<p>\u5148\u307b\u3069\u3001\u30a4\u30f3\u30d5\u30ec\u304c\u6570\u91cf\u306b\u82e5\u5e72\u306e\u30d7\u30e9\u30b9\u306e\u5f71\u97ff\u3092\u3082\u305f\u3089\u3057\u3066\u3044\u308b\u3068\u7533\u3057\u4e0a\u3052\u307e\u3057\u305f\u304c\u3001\u55b6\u696d\u8cbb\u7528\u306b\u3082\u82e5\u5e72\u306e\u30d7\u30ec\u30c3\u30b7\u30e3\u30fc\u304c\u304b\u304b\u3063\u3066\u3044\u307e\u3059\u3002\u3044\u305a\u308c\u306b\u305b\u3088\u3001\u79c1\u306f\u58f2\u4e0a\u9ad8\u306b\u6bd4\u3079\u3001\u7d4c\u8cbb\u306e\u4f38\u3073\u306f\u306f\u308b\u304b\u306b\u5c0f\u3055\u3044\u3068\u4e88\u60f3\u3057\u3066\u304a\u308a\u3001\u3053\u308c\u3089\u306e\u7d4c\u8cbb\u306f\u30ec\u30d0\u30ec\u30c3\u30b8\u306e\u91cd\u8981\u306a\u6e90\u6cc9\u3067\u3042\u308b\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002\u30b9\u30e9\u30a4\u30c920\u306b\u3042\u308b\u3088\u3046\u306b\u3001\u7b2c1\u56db\u534a\u671f\u306b\u306f\u3001\u529b\u5f37\u3044\u53ce\u76ca\u529b\u3092\u80cc\u666f\u306b\u3001\u666e\u901a\u682a\u5f0f\u306e\u8cb7\u623b\u305715\u5104\u30c9\u30eb\u3001\u666e\u901a\u682a\u5f0f\u306e\u914d\u5f533\u51049,400\u4e07\u30c9\u30eb\u3092\u542b\u3081\u300119\u5104\u30c9\u30eb\u306e\u8cc7\u672c\u3092\u682a\u4e3b\u306b\u8fd4\u9084\u3057\u307e\u3057\u305f\u3002\u7b2c1\u56db\u534a\u671f\u672b\u306eCET1\u6bd4\u7387\u306f10.4\uff05\u3068\u306a\u308a\u3001\u76ee\u6a19\u5024\u3067\u3042\u308b10\uff05\u304b\u308911\uff05\u306e\u7bc4\u56f2\u5185\u3068\u306a\u308a\u307e\u3057\u305f\u3002<\/p>\n<p>\u79c1\u305f\u3061\u306f\u3001\u30d0\u30e9\u30f3\u30b9\u30b7\u30fc\u30c8\u306e\u6210\u9577\u3092\u652f\u3048\u306a\u304c\u3089\u3001\u5275\u51fa\u3057\u305f\u4f59\u5270\u8cc7\u672c\u3092\u5f15\u304d\u7d9a\u304d\u682a\u4e3b\u306b\u9084\u5143\u3057\u3066\u3044\u304f\u4e88\u5b9a\u3067\u3059\u3002\u305d\u308c\u3067\u306f\u3001\u30b9\u30e9\u30a4\u30c921\u306e\u6210\u9577\u8a08\u753b\u306b\u3064\u3044\u3066\u3054\u8aac\u660e\u3057\u3001\u8cea\u554f\u3092\u304a\u53d7\u3051\u3057\u307e\u3059\u30022022 \u5e74\u901a\u671f\u306b\u3064\u3044\u3066\u306f\u300118\uff05\u304b\u3089 20\uff05\u306e\u58f2\u4e0a\u6210\u9577\u7387\u3068 9.25 \u30c9\u30eb\u304b\u3089 9.65 \u30c9\u30eb\u306e\u4e00\u682a\u5f53\u305f\u308a\u5229\u76ca\u3068\u3044\u3046\u30ac\u30a4\u30c0\u30f3\u30b9\u3092\u518d\u78ba\u8a8d\u3057 \u3066\u3044\u307e\u3059\u3002\u30d1\u30f3\u30c7\u30df\u30c3\u30af\u56de\u5fa9\u306e\u8ffd\u3044\u98a8\u3082\u3042\u308a\u3001\u5e74\u9593\u3092\u901a\u3058\u3066\u6570\u91cf\u3001\u58f2\u4e0a\u9ad8\u3001\u4e2d\u6838\u53ce\u76ca\u304c\u9806\u6b21\u5f37\u5316\u3055\u308c\u308b\u3053\u3068\u3092\u5f15\u304d\u7d9a\u304d\u898b\u8fbc\u3093\u3067\u3044\u307e\u3059\u3002<\/p>\n<p>\u5148\u307b\u3069\u7533\u3057\u4e0a\u3052\u305f\u3068\u304a\u308a\u3001\u73fe\u5728\u306e\u5730\u653f\u5b66\u7684\u30fb\u30a4\u30f3\u30d5\u30ec\u7684\u74b0\u5883\u306b\u306f\u660e\u3089\u304b\u306b\u4e0d\u78ba\u5b9f\u6027\u304c\u5b58\u5728\u3057\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u305d\u306e\u3088\u3046\u306a\u4e0d\u78ba\u5b9f\u6027\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u3001\u6295\u8cc7\u3001\u6226\u7565\u306e\u6210\u529f\u3001\u304a\u3088\u3073\u3044\u304f\u3064\u304b\u306e\u69cb\u9020\u7684\u306a\u5909\u5316 \u304c\u91cd\u306a\u308a\u3001\u7b2c1\u56db\u534a\u671f\u306e\u597d\u696d\u7e3e\u3068\u6210\u9577\u306e\u30e2\u30e1\u30f3\u30bf\u30e0\u304c\u751f\u307e\u308c\u307e\u3057\u305f\u3002\u79c1\u305f\u3061\u306f\u30012024\u5e74\u4ee5\u964d\u3082\u6301\u7d9a\u7684\u306b10\uff05\u8d85\u306e\u58f2\u4e0a\u6210\u9577\u306810\uff05\u53f0\u534a\u3070\u306eEPS\u6210\u9577\u3092\u5b9f\u73fe\u3059\u308b\u3068\u3044\u3046\u76ee\u6a19\u9054\u6210\u306b\u5411\u3051\u3001\u65b0\u305f\u306a\u6210\u9577\u8a08\u753b\u3092\u5b9f\u884c\u3057\u3001\u4f1a\u793e\u904b\u55b6\u306b\u5c02\u5ff5\u3057\u3066\u307e\u3044\u308a\u307e\u3059\u3002\u305d\u308c\u3067\u306f\u3001\u30f4\u30a3\u30f4\u30a3\u30a2\u30f3\u306b\u96fb\u8a71\u3092\u623b\u3057\u307e\u3059\u3002<\/p>\n<p>Vivian Zhou &#8212; \u30a4\u30f3\u30d9\u30b9\u30bf\u30fc\u30fb\u30ea\u30ec\u30fc\u30b7\u30e7\u30f3\u30ba\u306e\u8cac\u4efb\u8005<\/p>\n<p>\u30b8\u30a7\u30d5\u3001\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u8cea\u7591\u5fdc\u7b54\u306e\u6642\u9593\u3092\u8a2d\u3051\u308b\u524d\u306b\u3001\u5217\u306b\u4e26\u3093\u3067\u3044\u308b\u65b9\u304b\u3089\u306e\u8cea\u554f\u30921\u3064\u3060\u3051\u306b\u7d5e\u3063\u3066\u3044\u305f\u3060\u304f\u3088\u3046\u304a\u9858\u3044\u3057\u307e\u3059\u3002\u3054\u5354\u529b\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002\u305d\u308c\u3067\u306f\u3001\u30aa\u30da\u30ec\u30fc\u30bf\u30fc\u304c\u8cea\u554f\u3092\u304a\u53d7\u3051\u3057\u307e\u3059\u3002<\/p>\n<p>\u30a2\u30e9\u30f3\uff1f<\/p>\n<p class=\"hh hh6 main-c main-bdr\"><span class=\"big\"><strong>\u8cea\u7591\u5fdc\u7b54<\/strong><\/span><\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n[\u6700\u521d\u306e\u8cea\u554f\u306fKBW\u306eSanjay Sakhrani\u304b\u3089\u3067\u3059\u3002\u3069\u3046\u305e\u3001\u3088\u308d\u3057\u304f\u304a\u9858\u3044\u3057\u307e\u3059\u3002<\/p>\n<p>\u30b5\u30f3\u30b8\u30e3\u30a4\u30fb\u30b5\u30af\u30e9\u30cb &#8212; \u30ad\u30fc\u30d5\u30fb\u30d6\u30eb\u30a4\u30a8\u30c3\u30c8\u30fb\u30a2\u30f3\u30c9\u30fb\u30a6\u30c3\u30ba &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u304a\u306f\u3088\u3046\u3054\u3056\u3044\u307e\u3059\u3002COVID\u4e8b\u4ef6\u3084\u666f\u6c17\u4f4e\u8ff7\u306e\u61f8\u5ff5\u304c\u6b8b\u308b\u4e2d\u3001T&amp;E\u306e\u56de\u5fa9\u304c\u52e2\u3044\u3088\u304f\u9032\u3093\u3067\u3044\u308b\u306e\u306f\u660e\u3089\u304b\u3067\u3059\u3002\u30b8\u30a7\u30d5\u3001\u3042\u306a\u305f\u306f\u6700\u8fd1\u3001\u5927\u4f01\u696d\u304c\u5f37\u3044\u53cd\u767a\u3092\u898b\u305b\u305f\u3068\u8a00\u3044\u307e\u3057\u305f\u306d\u3002<\/p>\n<p>\u30a4\u30f3\u30d5\u30ec\u5727\u529b\u3068\u6bd4\u8f03\u3057\u3066\u3001\u53f0\u6570\u306e\u56de\u5fa9\u304c\u3069\u306e\u7a0b\u5ea6\u3001\u30e6\u30cb\u30c3\u30c8\u9700\u8981\u306b\u3088\u3063\u3066\u3082\u305f\u3089\u3055\u308c\u3066\u3044\u308b\u306e\u304b\u3001\u304a\u805e\u304b\u305b\u304f\u3060\u3055\u3044\u3002\u307e\u305f\u3001\u30b5\u30d7\u30e9\u30a4\u30c1\u30a7\u30fc\u30f3\u306e\u5236\u7d04\u3084\u7d4c\u6e08\u7684\u306a\u61f8\u5ff5\u306a\u3069\u3001\u3053\u308c\u3089\u306e\u554f\u984c\u306b\u3064\u3044\u3066\u3001\u5fa1\u793e\u3084\u5fa1\u793e\u306e\u30af\u30e9\u30a4\u30a2\u30f3\u30c8\u306f\u3069\u306e\u7a0b\u5ea6\u61f8\u5ff5\u3057\u3066\u3044\u308b\u306e\u3067\u3057\u3087\u3046\u304b\uff1f\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>\u30b9\u30c6\u30a3\u30fc\u30d6\u30fb\u30b9\u30af\u30a8\u30ea &#8212; \u4f1a\u9577\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\uff08CEO<\/p>\n<p>\u307e\u305a\u79c1\u304b\u3089\u304a\u8a71\u3057\u3057\u3066\u3001\u30b8\u30a7\u30d5\u304b\u3089\u3082\u5c11\u3057\u88dc\u8db3\u3092\u3055\u305b\u3066\u3044\u305f\u3060\u304d\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u3053\u308c\u306f\u30a4\u30f3\u30d5\u30ec\u306b\u8d77\u56e0\u3059\u308b\u3082\u306e\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u98db\u884c\u6a5f\u3092\u4e88\u7d04\u3057\u3066\u307f\u3066\u304f\u3060\u3055\u3044\u3002\u3064\u307e\u308a\u3001\u3053\u308c\u306f\u30a4\u30f3\u30d5\u30ec\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n<p>\u3057\u304b\u3057\u3001\u3060\u304b\u3089\u3068\u3044\u3063\u3066\u822a\u7a7a\u4f1a\u793e\u306e\u6599\u91d1\u304c\u5c11\u3057\u3070\u304b\u308a\u9ad8\u304f\u306a\u3063\u305f\u308f\u3051\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u3057\u304b\u3057\u3001T&amp;E\u3060\u3051\u3067\u306a\u304f\u3001\u30d3\u30b8\u30cd\u30b9\u5168\u4f53\u3068\u3057\u3066\u306f\u3001\u53d6\u5f15\u306f\u5897\u52a0\u3057\u3066\u3044\u307e\u3059\u3002\u8acb\u6c42\u984d\u306f35\uff05\u5897\u52a0\u3057\u307e\u3057\u305f\u3002\u3053\u308c\u306f\u30a4\u30f3\u30d5\u30ec\u306b\u3088\u308b\u3082\u306e\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n<p>35\uff05\u3082\u306e\u30a4\u30f3\u30d5\u30ec\u306f\u306a\u3044\u306e\u3067\u3059\u3002\u3057\u304b\u3057\u3001\u65c5\u884c\u306b\u95a2\u3057\u3066\u306f\u3001\u4eba\u3005\u306f\u304a\u305d\u3089\u304f2\u5e74\u9593\u306f\u65c5\u884c\u3092\u3057\u3066\u3044\u306a\u3044\u3053\u3068\u3092\u8a8d\u8b58\u3059\u308b\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002\u65c5\u884c\u306b\u5bfe\u3059\u308b\u9700\u8981\u306f\u975e\u5e38\u306b\u9ad8\u307e\u3063\u3066\u3044\u308b\u306e\u3067\u3059\u3002\u6d88\u8cbb\u8005\u306e\u8996\u70b9\u306b\u7acb\u3064\u3068\u3001\u4e16\u754c\u5168\u4f53\u3067\u7d0438\uff05\u300137\uff05\u306e\u4e88\u7d04\u5897\u3068\u306a\u308a\u307e\u3057\u305f\u3002<\/p>\n<p>\u30a2\u30e1\u30ea\u30ab\u3067\u306f48%\u5897\u3067\u3057\u305f\u3002\u3053\u308c\u306f\u6628\u5e74\u6bd4\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u30022019\u5e74\u3092\u8d85\u3048\u308b\u6570\u5b57\u3067\u3059\u3002\u3064\u307e\u308a\u3001\u4eba\u3005\u306f\u5916\u306b\u51fa\u3066\u65c5\u884c\u3059\u308b\u3053\u3068\u3092\u6c42\u3081\u3066\u3044\u308b\u306e\u3067\u3059\u3002<\/p>\n<p>\u305d\u308c\u304c\u79c1\u305f\u3061\u3092\u52d5\u304b\u3057\u3066\u3044\u308b\u306e\u3060\u3068\u601d\u3044\u307e\u3059\u3002\u3053\u308c\u306f&#8230;&#8230;T&amp;E\u306e\u6570\u5b57\u3092\u898b\u308b\u9650\u308a\u3001\u30a4\u30f3\u30d5\u30ec\u306b\u5de6\u53f3\u3055\u308c\u308b\u3082\u306e\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u3082\u3046\u3072\u3068\u3064\u3001T&amp;E\u306e\u6570\u5b57\u3067\u91cd\u8981\u3060\u3068\u601d\u3046\u306e\u306f\u3001121%\u3068\u3044\u3046\u306e\u306f\u7d20\u6674\u3089\u3057\u3044\u6570\u5b57\u3067\u3059\u304c\u3001\u305d\u306e\u80cc\u666f\u3092\u8003\u3048\u3066\u307f\u308b\u3053\u3068\u3067\u3059\u3002\u6628\u5e74\u6bd4121\uff05\u3067\u3059\u3002<\/p>\n<p>2019\u5e74\u306e121\uff05\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u3064\u307e\u308a\u3001\u5b8c\u5168\u306b\u623b\u3063\u3066\u3044\u308b\u308f\u3051\u3067\u306f\u306a\u3044\u306e\u3067\u3059\u3002\u30b3\u30f3\u30b7\u30e5\u30fc\u30de\u30fc\u306f\u623b\u3063\u3066\u304d\u307e\u3057\u305f\u304c\u3001\u3059\u3079\u3066\u623b\u3063\u3066\u3044\u308b\u308f\u3051\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u5927\u4f01\u696d\u306b\u95a2\u3057\u3066\u306f\u3001\u79c1\u305f\u3061\u306e\u4f1a\u793e\u3067\u3082\u305d\u3046\u3067\u3059\u304c\u3001\u4eba\u3005\u306f\u5916\u306b\u51fa\u3066\u3001\u81ea\u5206\u306e\u540c\u50da\u3068\u96c6\u307e\u308b\u3060\u3051\u3067\u306a\u304f\u3001\u5916\u306b\u51fa\u3066\u3001\u304a\u5ba2\u3055\u3093\u3068\u4f1a\u3046\u3053\u3068\u3092\u6c42\u3081\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u4f1a\u8b70\u304c\u5fa9\u6d3b\u3057\u305f\u308a\u3082\u3057\u307e\u3059\u3002\u79c1\u305f\u3061\u306e\u4f1a\u793e\u3067\u3082\u3001\u7d4c\u55b6\u5e79\u90e8\u3001\u3064\u307e\u308a\u4e0a\u4f4d100\u540d\u304b\u3089150\u540d\u306e\u793e\u54e1\u304c\u96c6\u307e\u3063\u3066\u3044\u307e\u3059\u3002\u307e\u305f\u3001\u304a\u5ba2\u3055\u307e\u304c\u30aa\u30d5\u30a3\u30b9\u3092\u69cb\u3048\u308b\u3053\u3068\u3082\u3042\u308a\u307e\u3059\u3002COVID\u306e\u5f71\u97ff\u306b\u95a2\u3057\u3066\u306f\u3001\u79c1\u305f\u3061\u306f\u3053\u306e\u3053\u3068\u3092\u53d7\u3051\u5165\u308c\u308b\u3053\u3068\u3092\u5b66\u3073\u59cb\u3081\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>COVID\u304c\u306a\u304f\u306a\u308b\u3068\u3044\u3046\u3053\u3068\u306f\u306a\u3044\u306e\u3067\u3059\u3002\u30a4\u30f3\u30d5\u30eb\u30a8\u30f3\u30b6\u3084\u6eb6\u9023\u83cc\u3001\u4ed6\u306e\u30a6\u30a4\u30eb\u30b9\u3068\u540c\u3058\u3088\u3046\u306b\u3001\u30b3\u30d3\u30c9\u3068\u3082\u4ed8\u304d\u5408\u3063\u3066\u3044\u304b\u306a\u3051\u308c\u3070\u306a\u308a\u307e\u305b\u3093\u3002\u98a8\u90aa\u3092\u3072\u3044\u3066\u4f53\u8abf\u3092\u5d29\u3059\u4eba\u306f\u3053\u308c\u304b\u3089\u3082\u51fa\u3066\u304f\u308b\u3067\u3057\u3087\u3046\u3002\u3057\u304b\u3057\u3001\u79c1\u306f\u3001\u3053\u306e\u6642\u70b9\u3067\u306f\u3001\u4e16\u754c\u306f\u518d\u3073\u958b\u304b\u308c\u3066\u3044\u308b\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>\u30d3\u30b8\u30cd\u30b9\u306e\u89b3\u70b9\u304b\u3089\u3082\u3001\u6d88\u8cbb\u8005\u306e\u89b3\u70b9\u304b\u3089\u3082\u3001\u4eba\u3005\u306f\u5916\u306b\u51fa\u3066\u4e16\u754c\u3092\u898b\u308b\u3053\u3068\u306b\u8208\u596e\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u30b8\u30a7\u30d5\u30fb\u30ad\u30e3\u30f3\u30d9\u30eb &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u65c5\u884c\u3084\u30a8\u30f3\u30bf\u30fc\u30c6\u30a4\u30f3\u30e1\u30f3\u30c8\u306b\u304b\u304b\u308b\u8cbb\u7528\u306e\u5897\u52a0\u306b\u3064\u3044\u3066\u306f\u3001\u30a4\u30f3\u30d5\u30ec\u3068\u3044\u3046\u3088\u308a\u3082\u3001\u98db\u884c\u6a5f\u306e\u524d\u3084\u9ad8\u7d1a\u30db\u30c6\u30eb\u3001\u9ad8\u7d1a\u30ec\u30b9\u30c8\u30e9\u30f3\u3092\u5229\u7528\u3059\u308b\u4eba\u304c\u5897\u3048\u3066\u3044\u308b\u3053\u3068\u304c\u8981\u56e0\u3068\u3057\u3066\u6319\u3052\u3089\u308c\u307e\u3059\u3002\u307e\u305f\u3001\u30d3\u30b8\u30cd\u30b9\u30fb\u30c8\u30e9\u30d9\u30eb\u306e\u56de\u5fa9\u3082\u3042\u308a\u3001\u30d3\u30b8\u30cd\u30b9\u30fb\u30c8\u30e9\u30d9\u30eb\u306e\u5e73\u5747\u8cfc\u5165\u984d\u306f\u6d88\u8cbb\u8005\u306e\u5e73\u5747\u8cfc\u5165\u984d\u3088\u308a\u306f\u308b\u304b\u306b\u9ad8\u304f\u306a\u3063\u3066\u3044\u307e\u3059\u3002\u3082\u3046\u3072\u3068\u3064\u3001\u4eca\u5f8c\u306e\u898b\u901a\u3057\u306b\u3064\u3044\u3066\u7533\u3057\u4e0a\u3052\u307e\u3059\u3068\u3001\u78ba\u304b\u306b\u4e16\u754c\u306b\u306f\u591a\u304f\u306e\u4e0d\u78ba\u5b9f\u6027\u304c\u5b58\u5728\u3057\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u5b9f\u969b\u306e\u696d\u7e3e\u3084\u30d3\u30b8\u30cd\u30b9\u3092\u898b\u308b\u3068\u3001\u4eca\u65e5\u73fe\u5728\u3001\u305d\u308c\u304c\u539f\u56e0\u3068\u306a\u308b\u3088\u3046\u306a\u5f31\u3044\u5146\u5019\u306f\u898b\u5f53\u305f\u308a\u307e\u305b\u3093\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u6b21\u306e\u8cea\u554f\u306fBank of America\u306eMihir Bhatia\u304b\u3089\u3067\u3059\u3002\u3069\u3046\u305e\u3088\u308d\u3057\u304f\u304a\u9858\u3044\u3057\u307e\u3059\u3002<\/p>\n<p>Mihir Bhatia &#8212; \u30d0\u30f3\u30af\u30aa\u30d6\u30a2\u30e1\u30ea\u30ab\u30fb\u30e1\u30ea\u30eb\u30ea\u30f3\u30c1 &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u30b9\u30c6\u30a3\u30fc\u30d6\u3001\u30b8\u30a7\u30d5\u3001\u304a\u306f\u3088\u3046\u3054\u3056\u3044\u307e\u3059\u3002<\/p>\n<p>\u30b9\u30c6\u30a3\u30fc\u30d6\u30fb\u30b9\u30af\u30a8\u30ea &#8212; \u4f1a\u9577\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u304a\u306f\u3088\u3046\u3054\u3056\u3044\u307e\u3059\u3001\u30df\u30d2\u30a2\u3002<\/p>\n<p>\u30b8\u30a7\u30d5\u30fb\u30ad\u30e3\u30f3\u30d9\u30eb &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u304a\u306f\u3088\u3046\u3054\u3056\u3044\u307e\u3059\u3002<\/p>\n<p>Mihir Bhatia &#8212; \u30d0\u30f3\u30af\u30aa\u30d6\u30a2\u30e1\u30ea\u30ab\u30fb\u30e1\u30ea\u30eb\u30ea\u30f3\u30c1 &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u79c1\u306e\u8cea\u554f\u3092\u805e\u3044\u3066\u304f\u3060\u3055\u3063\u3066\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u6700\u521d\u306b\u30ac\u30a4\u30c0\u30f3\u30b9\u3092\u8a2d\u5b9a\u3057\u3066\u4ee5\u6765\u3001\u591a\u304f\u306e\u3053\u3068\u304c\u5909\u5316\u3057\u3066\u3044\u307e\u3059\u3002\u305d\u3053\u3067\u3001\u4eca\u5e74\u306e\u8a08\u753b\u304c\u7b56\u5b9a\u3055\u308c\u3066\u304b\u3089\u3069\u306e\u3088\u3046\u306b\u5909\u5316\u3057\u3066\u304d\u305f\u306e\u304b\u3001\u304a\u8a71\u3057\u3044\u305f\u3060\u3051\u308c\u3070\u3068\u601d\u3044\u307e\u3059\u3002\u4eca\u5e74\u306b\u5165\u308b\u524d\u306b\u8003\u3048\u3066\u3044\u305f\u3053\u3068\u3068\u6bd4\u3079\u3066\u3001\u4eca\u50be\u6ce8\u3059\u308b\u3053\u3068\u306b\u610f\u5473\u304c\u3042\u308b\u5206\u91ce\u3001\u3042\u308b\u3044\u306f\u4ed6\u306e\u5206\u91ce\u3067\u624b\u3092\u5f15\u3044\u3066\u3044\u308b\u5206\u91ce\u304c\u3042\u308b\u306e\u3067\u3057\u3087\u3046\u304b\uff1f\u307e\u305f\u3001\u7279\u306b\u8cbb\u7528\u9762\u3067\u306f\u3001\u72b6\u6cc1\u306e\u5909\u5316\u306b\u5fdc\u3058\u3066\u67d4\u8edf\u306b\u5bfe\u5fdc\u3067\u304d\u308b\u3088\u3046\u306a\u30e2\u30c7\u30eb\u306b\u306a\u3063\u3066\u3044\u308b\u306e\u304b\u3001\u7406\u89e3\u3057\u305f\u3044\u3068\u601d\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u30ac\u30a4\u30c0\u30f3\u30b9\u3092\u7dad\u6301\u3057\u306a\u304c\u3089\u3082\u3001\u305d\u306e\u4e2d\u8eab\u306f\u3069\u3046\u5909\u308f\u3063\u3066\u3044\u308b\u306e\u3067\u3057\u3087\u3046\u304b\uff1f\u305d\u306e\u3042\u305f\u308a\u3092\u304a\u805e\u304b\u305b\u304f\u3060\u3055\u3044\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>\u30b9\u30c6\u30a3\u30fc\u30d6\u30fb\u30b9\u30af\u30a8\u30ea &#8212; \u4f1a\u9577\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u67d4\u8edf\u6027\u306b\u3064\u3044\u3066\u306f\u3001\u30d1\u30f3\u30c7\u30df\u30c3\u30af\u306e\u969b\u306b\u3001\u7279\u306b\u30de\u30fc\u30b1\u30c6\u30a3\u30f3\u30b0\u8cbb\u7528\u306b\u95a2\u3057\u3066\u3001\u975e\u5e38\u306b\u5927\u304d\u306a\u67d4\u8edf\u6027\u304c\u3042\u308b\u3053\u3068\u3092\u5b9f\u8a3c\u3057\u307e\u3057\u305f\u3002\u307e\u305f\u3001\u6d88\u8cbb\u8005\u3084\u51fa\u5f35\u8005\u304c\u30ab\u30fc\u30c9\u4f1a\u54e1\u30b5\u30fc\u30d3\u30b9\u3092\u4f7f\u308f\u306a\u304b\u3063\u305f\u3053\u3068\u3067\u3001\u67d4\u8edf\u6027\u304c\u767a\u63ee\u3055\u308c\u307e\u3057\u305f\u3002\u3053\u306e\u3088\u3046\u306b\u3001\u79c1\u305f\u3061\u306f\u3042\u308b\u7a0b\u5ea6\u30b3\u30f3\u30c8\u30ed\u30fc\u30eb\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002<\/p>\n<p>\u3057\u304b\u3057\u3001\u79c1\u305f\u3061\u306e\u8a08\u753b\u3084\u6307\u91dd\u3092\u898b\u308b\u9650\u308a\u30019.25\u30c9\u30eb\u304b\u30899.65\u30c9\u30eb\u3068\u3044\u3046\u6c34\u6e96\u306f\u672c\u5f53\u306b\u5b89\u5fc3\u3067\u304d\u308b\u3082\u306e\u3067\u3059\u3002\u3057\u304b\u3057\u3001\u305d\u308c\u4ee5\u4e0a\u306b\u91cd\u8981\u306a\u306e\u306f\u30012024\u5e74\u306e\u6210\u9577\u76ee\u6a19\u3092\u9054\u6210\u3059\u308b\u305f\u3081\u306b\u3001\u65e5\u3005\u4f55\u3092\u3059\u3079\u304d\u304b\u3092\u8003\u3048\u3066\u3044\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002\u3053\u308c\u304c\u79c1\u305f\u3061\u306e\u7d4c\u55b6\u65b9\u91dd\u3067\u3059\u3002\u305d\u306e\u7d50\u679c\u3001\u30b8\u30a7\u30d5\u304c\u8ff0\u3079\u305f\u3088\u3046\u306b\u3001\u3055\u307e\u3056\u307e\u306a\u6295\u8cc7\u6a5f\u4f1a\u304c\u3042\u308b\u3053\u3068\u304c\u308f\u304b\u308a\u307e\u3057\u305f\u3002<\/p>\n<p>\u3057\u304b\u3057\u3001\u30ab\u30fc\u30c9\u8cb7\u53ce\u306e\u89b3\u70b9\u304b\u3089\u6295\u8cc7\u6a5f\u4f1a\u3092\u898b\u305f\u5834\u5408\u3001\u305d\u308c\u3089\u306f\u4eca\u65e5\u3053\u3053\u306b\u5b58\u5728\u3057\u3001\u660e\u65e5\u306b\u306f\u6d88\u6ec5\u3057\u3066\u3057\u307e\u3046\u3068\u3044\u3046\u3053\u3068\u3092\u7406\u89e3\u3057\u3066\u304a\u304b\u306a\u3051\u308c\u3070\u306a\u308a\u307e\u305b\u3093\u3002\u3067\u3059\u304b\u3089\u3001\u305d\u306e\u6a5f\u4f1a\u3092\u9003\u3059\u3068\u3001\u624b\u306b\u5165\u308c\u308b\u3053\u3068\u306f\u3067\u304d\u307e\u305b\u3093\u3002\u3067\u3059\u304b\u3089\u3001\u79c1\u305f\u3061\u306f\u3001\u4e8b\u696d\u3078\u306e\u6295\u8cc7\u3092\u7d9a\u3051\u3001\u4e2d\u9577\u671f\u7684\u306b\u4e8b\u696d\u3092\u6210\u9577\u3055\u305b\u308b\u3053\u3068\u3067\u3001\u4fa1\u5024\u3001\u682a\u4e3b\u4fa1\u5024\u3092\u9ad8\u3081\u3066\u3044\u304d\u307e\u3059\u3002\u305d\u3057\u3066\u3001\u3053\u306e\u6226\u7565\u306f\u79c1\u305f\u3061\u306b\u3068\u3063\u3066\u52b9\u679c\u7684\u3067\u3042\u308a\u3001\u4eca\u5f8c\u3082\u3053\u306e\u65b9\u6cd5\u3067\u7d4c\u55b6\u3057\u3066\u3044\u304d\u307e\u3059\u3002<\/p>\n<p>\u3057\u304b\u3057\u3001\u4eca\u3001\u5e74\u521d\u3068\u73fe\u5728\u3092\u6bd4\u8f03\u3059\u308b\u3068\u3001\u304a\u305d\u3089\u304f\u8a08\u753b\u6642\u3088\u308a\u4eca\u65e5\u306e\u65b9\u304c\u3088\u308a\u826f\u3044\u6295\u8cc7\u6a5f\u4f1a\u304c\u3042\u308b\u3068\u601d\u3044\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u3054\u5b58\u77e5\u306e\u3088\u3046\u306b\u3001\u3053\u3046\u3057\u305f\u6295\u8cc7\u6a5f\u4f1a\u306f\u3001\u6642\u9593\u304c\u7d4c\u3066\u3070\u56de\u53ce\u3055\u308c\u307e\u3059\u3002\u305d\u3057\u3066\u30012023\u5e74\u30012024\u5e74\u306b\u5411\u3051\u3066\u3001\u3088\u308a\u826f\u3044\u6e96\u5099\u304c\u3067\u304d\u308b\u306e\u3067\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u79c1\u305f\u3061\u306f\u3053\u306e\u30ac\u30a4\u30c0\u30f3\u30b9\u306b\u3068\u3066\u3082\u6e80\u8db3\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u73fe\u5728\u884c\u3063\u3066\u3044\u308b\u3001\u305d\u3057\u3066\u4eca\u5f8c\u3082\u884c\u3063\u3066\u3044\u304f\u57fa\u672c\u7684\u306a\u6295\u8cc7\u306b\u3064\u3044\u3066\u306f\u3001\u672c\u5f53\u306b\u826f\u3044\u611f\u89e6\u3092\u5f97\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u30b8\u30a7\u30d5\u30fb\u30ad\u30e3\u30f3\u30d9\u30eb &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u30df\u30d2\u30a2\u3001\u79c1\u305f\u3061\u304c\u53ce\u76ca\u76ee\u6a19\u3092\u304b\u306a\u308a\u91ce\u5fc3\u7684\u306a\u3082\u306e\u3060\u3068\u30ac\u30a4\u30c0\u30f3\u30b9\u3092\u51fa\u3057\u305f\u3068\u304d\u3001\u79c1\u305f\u3061\u306f\u81ea\u5206\u305f\u3061\u304c\u7bc9\u3044\u305f\u52e2\u3044\u3092\u3068\u3066\u3082\u826f\u304f\u611f\u3058\u3066\u3044\u307e\u3057\u305f\u3002\u3057\u304b\u3057\u3001\u79c1\u304c\u7533\u3057\u4e0a\u3052\u305f\u3088\u3046\u306b\u3001\u4e88\u60f3\u4ee5\u4e0a\u306b\u591a\u304f\u306e\u6295\u8cc7\u6a5f\u4f1a\u304c\u3042\u308a\u3001\u307e\u305f\u3001\u30a4\u30f3\u30d5\u30ec\u306b\u3088\u308b\u30b3\u30b9\u30c8\u3078\u306e\u5727\u529b\u3082\u5c11\u3057\u3042\u308b\u304b\u3082\u3057\u308c\u307e\u305b\u3093\u3002\u3053\u306e\u3088\u3046\u306b\u3001\u9577\u671f\u7684\u306a\u76ee\u6a19\u3067\u3042\u308b10%\u4ee5\u4e0a\u306e\u6301\u7d9a\u7684\u306a\u53ce\u76ca\u6210\u9577\u306b\u5411\u3051\u3066\u52e2\u3044\u3092\u3064\u3051\u308b\u306b\u306f\u3001\u3053\u308c\u3089\u306e\u8981\u7d20\u304c\u3059\u3079\u3066\u3046\u307e\u304f\u4f5c\u7528\u3057\u3066\u3044\u308b\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u6b21\u306e\u8cea\u554f\u306f\u3001Evercore ISI\u306e\u30b8\u30e7\u30f3\u30fb\u30d1\u30f3\u30ab\u30ea\u304b\u3089\u304a\u9858\u3044\u3057\u307e\u3059\u3002\u3069\u3046\u305e\u3002<\/p>\n<p>\u30b8\u30e7\u30f3\u30fb\u30d1\u30f3\u30ab\u30ea &#8212; Evercore ISI &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u304a\u306f\u3088\u3046\u3054\u3056\u3044\u307e\u3059\u3002<\/p>\n<p>\u30b9\u30c6\u30a3\u30fc\u30d6\u30fb\u30b9\u30af\u30a8\u30ea &#8212; \u4f1a\u9577\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u304a\u306f\u3088\u3046\u3054\u3056\u3044\u307e\u3059\u3002<\/p>\n<p>\u30b8\u30a7\u30d5\u30fb\u30ad\u30e3\u30f3\u30d9\u30eb &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u304a\u306f\u3088\u3046\u3054\u3056\u3044\u307e\u3059\u3001\u30b8\u30e7\u30f3\u3002<\/p>\n<p>John Pancari &#8212; Evercore ISI &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>FRB\u304c\u666f\u6c17\u3092\u51b7\u3084\u3057\u3001\u30c1\u30fc\u30e0\u30fb\u30a4\u30f3\u30d5\u30ec\u3092\u8d77\u3053\u3059\u3068\u4e88\u60f3\u3055\u308c\u3066\u3044\u307e\u3059\u304c\u3001\u30cd\u30c3\u30c8\u30ef\u30fc\u30af\u30fb\u30dc\u30ea\u30e5\u30fc\u30e0\u3084\u8acb\u6c42\u30d3\u30b8\u30cd\u30b9\u30fb\u30dc\u30ea\u30e5\u30fc\u30e0\u306f\u3069\u306e\u7a0b\u5ea6\u6e1b\u901f\u3059\u308b\u306e\u3067\u3057\u3087\u3046\u304b\u3002\u307e\u305f\u3001T&amp;E\u306b\u3064\u3044\u3066\u306f\u30014\u6708\u3082\u597d\u8abf\u306b\u63a8\u79fb\u3057\u3066\u3044\u308b\u3068\u304a\u805e\u304d\u3057\u3066\u3044\u307e\u3059\u3002FRB\u304c\u5f15\u304d\u7de0\u3081\u3001\u7d4c\u6e08\u304c\u51b7\u3048\u8fbc\u3080\u4e2d\u3001\u3053\u306e\u50be\u5411\u306f\u3069\u306e\u3088\u3046\u306b\u304a\u8003\u3048\u3067\u3057\u3087\u3046\u304b\u3002<\/p>\n<p>\u30b8\u30a7\u30d5\u30fb\u30ad\u30e3\u30f3\u30d9\u30eb &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u4e00\u822c\u7684\u306a\u30b3\u30e1\u30f3\u30c8\u3067\u3059\u304c\u3001\u3054\u5b58\u77e5\u306e\u3088\u3046\u306b\u3001\u79c1\u305f\u3061\u306f\u793e\u5185\u306b\u30a8\u30b3\u30ce\u30df\u30b9\u30c8\u3092\u64c1\u3057\u3066\u3044\u307e\u305b\u3093\u3002\u3067\u3059\u304b\u3089\u3001\u30de\u30af\u30ed\u7d4c\u6e08\u7684\u306a\u30b3\u30f3\u30bb\u30f3\u30b5\u30b9\u3001\u3064\u307e\u308a\u666f\u6c17\u5f8c\u9000\u306f\u306a\u3044\u3060\u308d\u3046\u3068\u3044\u3046\u3053\u3068\u306b\u57fa\u3065\u3044\u3066\u3001\u7d4c\u6e08\u3092\u52d5\u304b\u3057\u3001\u30d3\u30b8\u30cd\u30b9\u3092\u52d5\u304b\u3057\u3001\u30ac\u30a4\u30c0\u30f3\u30b9\u3092\u51fa\u3059\u3079\u304d\u3060\u3001\u3068\u8a00\u3046\u50be\u5411\u304c\u3042\u308a\u307e\u3059\u3002\u305d\u3057\u3066FRB\u306f\u3001\u4e0d\u6cc1\u3092\u5f15\u304d\u8d77\u3053\u3059\u3053\u3068\u306a\u304f\u30a4\u30f3\u30d5\u30ec\u3092\u4f4e\u4e0b\u3055\u305b\u308b\u3053\u3068\u306b\u91cd\u70b9\u3092\u7f6e\u3044\u3066\u3044\u308b\u3053\u3068\u306f\u78ba\u304b\u3060\u3068\u8a00\u3046\u3067\u3057\u3087\u3046\u3002\u3067\u3059\u304b\u3089\u3001\u79c1\u305f\u3061\u306e\u30ac\u30a4\u30c0\u30f3\u30b9\u306b\u306f\u305d\u308c\u304c\u7d44\u307f\u8fbc\u307e\u308c\u3066\u304a\u308a\u3001\u305d\u308c\u304c\u79c1\u305f\u3061\u306e\u4f1a\u793e\u904b\u55b6\u306e\u65b9\u6cd5\u306a\u306e\u3067\u3059\u3002<\/p>\n<p>\u5148\u307b\u3069\u30b9\u30c6\u30a3\u30fc\u30d6\u304c\u6307\u6458\u3057\u305f\u3088\u3046\u306b\u3001\u79c1\u305f\u3061\u306f\u3053\u3053\u6570\u5e74\u3001\u975e\u5e38\u306b\u6a5f\u654f\u306a\u65b9\u6cd5\u3067\u4f1a\u793e\u3092\u7ba1\u7406\u3057\u3001\u4eca\u8aac\u660e\u3057\u305f\u306e\u3068\u306f\u7570\u306a\u308b\u30b7\u30ca\u30ea\u30aa\u306b\u5bfe\u5fdc\u3059\u308b\u80fd\u529b\u3092\u306f\u3063\u304d\u308a\u3068\u793a\u3057\u3066\u304d\u307e\u3057\u305f\u3002\u3057\u304b\u3057\u3001\u57fa\u672c\u7684\u306a\u8a08\u753b\u3068\u3044\u3046\u70b9\u3067\u306f\u3001\u30de\u30af\u30ed\u7d4c\u6e08\u306e\u4e00\u822c\u7684\u306a\u30b3\u30f3\u30bb\u30f3\u30b5\u30b9\u3092\u63a8\u6e2c\u3059\u308b\u306e\u306f\u79c1\u305f\u3061\u306e\u5f79\u5272\u3067\u306f\u306a\u3044\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u6b21\u306e\u8cea\u554f\u306f\u30e2\u30eb\u30ac\u30f3\u30fb\u30b9\u30bf\u30f3\u30ec\u30fc\u306e\u30d9\u30c3\u30c4\u30a3\u30fc\u30fb\u30b0\u30e9\u30bb\u30c3\u30af\u304b\u3089\u304a\u9858\u3044\u3057\u307e\u3059\u3002\u3069\u3046\u305e\u3002<\/p>\n<p>Betsy Graseck &#8212; Morgan Stanley &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u3053\u3093\u306b\u3061\u306f\u3001\u304a\u306f\u3088\u3046\u3054\u3056\u3044\u307e\u3059\u3002<\/p>\n<p>\u30b9\u30c6\u30a3\u30fc\u30d6\u30fb\u30b9\u30af\u30a8\u30ea &#8212; \u4f1a\u9577\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u3053\u3093\u306b\u3061\u306f\u3001\u30d9\u30c3\u30c4\u30a3\u30fc\u3002<\/p>\n<p>\u30b8\u30a7\u30d5\u30fb\u30ad\u30e3\u30f3\u30d9\u30eb &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u3053\u3093\u306b\u3061\u306f\u3001\u30d9\u30c3\u30c4\u30a3\u30fc\u3002<\/p>\n<p>Betsy Graseck &#8212; \u30e2\u30eb\u30ac\u30f3\u30b9\u30bf\u30f3\u30ec\u30fc &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u30ed\u30fc\u30f3\u306e\u4f38\u3073\u3068\u30ab\u30fc\u30c9\u624b\u6570\u6599\u306e\u4f38\u3073\u306b\u3064\u3044\u3066\u3001\u5c11\u3057\u6398\u308a\u4e0b\u3052\u3066\u307f\u305f\u3044\u3068\u601d\u3063\u3066\u3044\u307e\u3059\u3002\u3054\u6307\u6458\u306e\u3068\u304a\u308a\u3001\u30ed\u30fc\u30f3\u306e\u4f38\u3073\u306f\u307e\u3060\u4f38\u3073\u3057\u308d\u304c\u3042\u308a\u307e\u3059\u3002\u305d\u308c\u3067\u3001\u304a\u305d\u3089\u304f &#8212; \u540c\u69d8\u306b\u3001NII\u3078\u306e\u5f71\u97ff\u3082\u3042\u308b\u306e\u3067\u3057\u3087\u3046\u3002\u3067\u306f\u3001\u305d\u306e\u70b9\u306b\u3064\u3044\u3066\u6559\u3048\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>NII\u306f\u52a0\u901f\u3057\u305d\u3046\u3067\u3059\u304c\u3001\u30ed\u30fc\u30f3\u306e\u4f38\u3073\u306f\u5b89\u5b9a\u3059\u308b\u306e\u3067\u3057\u3087\u3046\u304b\u3001\u305d\u308c\u3068\u3082\u3069\u3046\u8003\u3048\u3066\u3044\u308b\u306e\u3067\u3057\u3087\u3046\u304b\u3002\u307e\u305f\u3001\u30ab\u30fc\u30c9\u624b\u6570\u6599\u306b\u3064\u3044\u3066\u306f\u3001\u5f53\u56db\u534a\u671f\u306f\u597d\u8abf\u306b\u63a8\u79fb\u3057\u3066\u3044\u308b\u3088\u3046\u3067\u3059\u304c\u3001\u3069\u306e\u3088\u3046\u306b\u95a2\u4fc2\u3057\u3066\u304f\u308b\u306e\u3067\u3057\u3087\u3046\u304b\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>\u30b9\u30c6\u30a3\u30fc\u30d6\u30fb\u30b9\u30af\u30a8\u30ea &#8212; \u4f1a\u9577\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u30ab\u30fc\u30c9\u624b\u6570\u6599\u304c\u4e0a\u304c\u3063\u3066\u3044\u308b\u306e\u306f\u3001\u30ab\u30fc\u30c9\u306e\u7372\u5f97\u679a\u6570\u304c\u5897\u3048\u7d9a\u3051\u3066\u3044\u308b\u304b\u3089\u3067\u3059\u3002\u79c1\u305f\u3061\u304c\u7372\u5f97\u3057\u305f\u6d88\u8cbb\u8005\u30ab\u30fc\u30c9\u306e68%\u306f\u624b\u6570\u6599\u30d9\u30fc\u30b9\u306e\u30ab\u30fc\u30c9\u3067\u3001\u3053\u308c\u306f\u30d1\u30f3\u30c7\u30df\u30c3\u30af\u4ee5\u524d\u306e\u6c34\u6e96\u3088\u308a\u3082\u308f\u305a\u304b\u306b\u4f4e\u3044\u3082\u306e\u3060\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002\u3064\u307e\u308a\u3001\u30ab\u30fc\u30c9\u624b\u6570\u6599\u306e\u6210\u9577\u306e\u5927\u90e8\u5206\u306f\u3001\u65b0\u898f\u306b\u7372\u5f97\u3057\u305f\u30ab\u30fc\u30c9\u306b\u3088\u308b\u3082\u306e\u3060\u3068\u3044\u3046\u3053\u3068\u3092\u7406\u89e3\u3057\u3066\u304a\u304f\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002\u3064\u307e\u308a\u3001\u624b\u6570\u6599\u306e\u5897\u52a0\u3060\u3051\u3067\u306a\u304f\u3001\u624b\u6570\u6599\u306e\u5897\u52a0\u3082\u3042\u308a\u3001\u3053\u308c\u306f\u6642\u9593\u306e\u7d4c\u904e\u3068\u3068\u3082\u306b\u3084\u3063\u3066\u304f\u308b\u3082\u306e\u3067\u3059\u3002<\/p>\n<p>\u3067\u3059\u304b\u3089\u3001\u30ab\u30fc\u30c9\u624b\u6570\u6599\u306e\u89b3\u70b9\u304b\u3089\u306f\u3001\u73fe\u72b6\u306f\u975e\u5e38\u306b\u826f\u3044\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002\u30ed\u30fc\u30f3\u5168\u4f53\u306e\u4f38\u3073\u306b\u3064\u3044\u30661\u3064\u3060\u3051\u30b3\u30e1\u30f3\u30c8\u3055\u305b\u3066\u304f\u3060\u3055\u3044\u3002\u3057\u304b\u3057\u3001\u5b9f\u969b\u306e\u3068\u3053\u308d\u3001\u30d1\u30f3\u30c7\u30df\u30c3\u30af\u4ee5\u524d\u306f\u3001\u696d\u754c\u3088\u308a\u3082\u82e5\u5e72\u901f\u3044\u30da\u30fc\u30b9\u3067\u6210\u9577\u3057\u3066\u3044\u307e\u3057\u305f\u3002\u79c1\u305f\u3061\u306f\u3001\u30ab\u30fc\u30c9\u4f1a\u54e1\u306e\u8ca1\u5e03\u306b\u5360\u3081\u308b\u30ed\u30fc\u30f3\u306e\u5272\u5408\u304c\u3001\u6d88\u8cbb\u8005\u306e\u8ca1\u5e03\u306b\u5360\u3081\u308b\u5272\u5408\u3088\u308a\u3082\u4f4e\u3044\u50be\u5411\u306b\u3042\u308a\u3001\u614e\u91cd\u306b\u6210\u9577\u3059\u308b\u3053\u3068\u3092\u610f\u56f3\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u3057\u304b\u3057\u3001\u79c1\u305f\u3061\u306f\u304a\u305d\u3089\u304f\u3001\u6210\u9577\u3092\u53d6\u308a\u623b\u3057\u3001 &#8212; \u79c1\u305f\u3061\u306f\u696d\u754c\u3088\u308a\u3082\u901f\u3044\u30da\u30fc\u30b9\u3067\u6210\u9577\u3057\u3066\u3044\u307e\u3059\u304c\u3001\u6b8b\u9ad8\u3092\u56de\u5fa9\u3055\u305b\u308b\u3053\u3068\u3092\u671b\u3093\u3067\u3044\u307e\u3059\u3002\u305d\u308c\u4ee5\u5916\u306e\u3053\u3068\u306f\u30b8\u30a7\u30d5\u306b\u30b3\u30e1\u30f3\u30c8\u3057\u3066\u3082\u3089\u3044\u307e\u3057\u3087\u3046\u3002<\/p>\n<p>\u30b8\u30a7\u30d5\u30fb\u30ad\u30e3\u30f3\u30d9\u30eb &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u4eca\u3001\u30d9\u30c3\u30c4\u30a3\u30fc\u3055\u3093\u304c\u304a\u3063\u3057\u3083\u3063\u305f\u3053\u3068\u306f\u3001\u79c1\u305f\u3061\u304c\u696d\u754c\u3088\u308a\u3082\u901f\u304f\u8cb8\u4ed8\u6b8b\u9ad8\u3092\u5897\u3084\u3057\u3066\u3044\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002\u305d\u3057\u3066\u3001\u305d\u308c\u306f\u4eca\u5f8c\u3082\u7d9a\u304f\u3068\u78ba\u4fe1\u3057\u3066\u3044\u307e\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u8cb8\u51fa\u6b8b\u9ad8\u306e\u4f38\u3073\u3057\u308d\u306f\u304b\u306a\u308a\u3042\u308a\u307e\u3059\u3002\u307e\u305f\u3001\u7c73\u56fd\u306e\u30d7\u30e9\u30c1\u30ca\u30ab\u30fc\u30c9\u3084\u30b4\u30fc\u30eb\u30c9\u30ab\u30fc\u30c9\u306e\u65b0\u898f\u767a\u884c\u679a\u6570\u304c\u8a18\u9332\u7684\u306a\u6c34\u6e96\u306b\u9054\u3057\u3066\u3044\u308b\u305f\u3081\u3001\u8cb8\u51fa\u5074\u306b\u306f\u591a\u304f\u306e\u4f38\u3073\u4ee3\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<p>\u3053\u306e\u305f\u3081\u3001\u7d14\u8eca\u4e21\u624b\u6570\u6599\u306e\u4f38\u3073\u306f\u3001\u73fe\u5728\u306e\u6c34\u6e96\u304b\u3089\u3055\u3089\u306b\u52a0\u901f\u3059\u308b\u3068\u601d\u308f\u308c\u307e\u3059\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u6b21\u306e\u8cea\u554f\u306f\u3001\u30a6\u30a9\u30eb\u30d5\u30fb\u30ea\u30b5\u30fc\u30c1\u306e\u30d3\u30eb\u30fb\u30ab\u30fc\u30ad\u30e3\u30c3\u30b7\u30e5\u304b\u3089\u3067\u3059\u3002\u3069\u3046\u305e\u3002<\/p>\n<p>Bill Carcache &#8212; Wolfe Research &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u9867\u5ba2\u7372\u5f97\u6570\u306e\u4f38\u3073\u304b\u3089\u3082\u660e\u3089\u304b\u306a\u3088\u3046\u306b\u3001\u6295\u8cc7\u652f\u51fa\u306e\u52a0\u901f\u306f\u3053\u308c\u4ee5\u4e0a\u306a\u3044\u30bf\u30a4\u30df\u30f3\u30b0\u3060\u3063\u305f\u3068\u601d\u3044\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u4eca\u5f8c\u306e\u5c55\u671b\u3068\u3057\u3066\u3001\u5148\u307b\u3069\u306e\u30b3\u30e1\u30f3\u30c8\u306e\u30d5\u30a9\u30ed\u30fc\u30a2\u30c3\u30d7\u3092\u3057\u305f\u3044\u3068\u601d\u3044\u307e\u3059\u3002FRB\u304c\u30a4\u30f3\u30d5\u30ec\u6291\u5236\u306e\u305f\u3081\u306b\u666f\u6c17\u3092\u5f8c\u9000\u3055\u305b\u3056\u308b\u3092\u5f97\u306a\u304f\u306a\u308b\u30ea\u30b9\u30af\u306b\u3064\u3044\u3066\u3001\u61f8\u5ff5\u306f\u3042\u308a\u307e\u305b\u3093\u304b\uff1f\u305d\u306e\u305f\u3081\u306b\u7a4d\u6975\u7684\u306b\u6210\u9577\u3059\u308b\u3053\u3068\u306b\u305f\u3081\u3089\u3044\u306f\u306a\u3044\u306e\u3067\u3057\u3087\u3046\u304b\u3002\u3064\u307e\u308a\u3001\u4eca\u306f\u3059\u3079\u3066\u304c\u7d20\u6674\u3089\u3057\u304f\u898b\u3048\u307e\u3059\u304c\u3001\u305d\u306e\u30ea\u30b9\u30af\u306b\u3064\u3044\u3066\u3069\u3046\u304a\u8003\u3048\u304b\u3001\u3082\u3046\u5c11\u3057\u304a\u805e\u304b\u305b\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>\u307e\u305f\u3001\u305d\u306e\u3088\u3046\u306a\u74b0\u5883\u4e0b\u3067\u30a2\u30e1\u30c3\u30af\u30b9\u306e\u9867\u5ba2\u57fa\u76e4\u304c\u3069\u306e\u3088\u3046\u306b\u6a5f\u80fd\u3059\u308b\u3068\u304a\u8003\u3048\u304b\u3001\u304a\u805e\u304b\u305b\u3044\u305f\u3060\u3051\u307e\u3059\u3067\u3057\u3087\u3046\u304b\u3002<\/p>\n<p>\u30b8\u30a7\u30d5\u30fb\u30ad\u30e3\u30f3\u30d9\u30eb &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u5148\u307b\u3069\u7533\u3057\u4e0a\u3052\u305f\u3088\u3046\u306b\u3001\u79c1\u305f\u3061\u306f\u5e38\u306b\u30ac\u30a4\u30c0\u30f3\u30b9\u306e\u4e2d\u3067\u3001\u30de\u30af\u30ed\u7d4c\u6e08\u7684\u306a\u30b3\u30f3\u30bb\u30f3\u30b5\u30b9\u306b\u3064\u3044\u3066\u8a08\u753b\u3092\u7acb\u3066\u308b\u3068\u540c\u6642\u306b\u3001\u4ed6\u306e\u53ef\u80fd\u6027\u306b\u3064\u3044\u3066\u3082\u8003\u3048\u3066\u3044\u307e\u3059\u3002\u30d3\u30eb\u3001\u3053\u308c\u306f\u307b\u3093\u306e\u4e00\u4f8b\u3067\u3059\u3002\u73fe\u5728\u306e\u3088\u3046\u306a\u30a4\u30f3\u30d5\u30ec\u304c\u6301\u7d9a\u3057\u305f\u5834\u5408\u3001\u5f53\u793e\u306e\u9867\u5ba2\u57fa\u76e4\u306e\u3055\u307e\u3056\u307e\u306a\u5074\u9762\u306b\u3069\u306e\u3088\u3046\u306a\u5f71\u97ff\u304c\u53ca\u3076\u304b\u3092\u8003\u3048\u3001\u30ea\u30b9\u30af\u30de\u30cd\u30b8\u30e1\u30f3\u30c8\u306e\u89b3\u70b9\u304b\u3089\u4eca\u65e5\u3082\u8abf\u6574\u3092\u7d9a\u3051\u3066\u3044\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u3053\u308c\u306f\u30de\u30af\u30ed\u7d4c\u6e08\u4e0a\u306e\u30b3\u30f3\u30bb\u30f3\u30b5\u30b9\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n<p>\u307e\u305f\u3001\u4e07\u304c\u4e00\u3001\u666f\u6c17\u5f8c\u9000\u304c\u8d77\u3053\u3063\u305f\u5834\u5408\u306b\u3082\u3001\u6a5f\u654f\u306b\u5bfe\u5fdc\u3067\u304d\u308b\u3088\u3046\u306a\u4f53\u5236\u3092\u6574\u3048\u305f\u3044\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002\u4eca\u3001\u79c1\u305f\u3061\u306f\u540c\u3058\u3088\u3046\u306a\u30d0\u30e9\u30f3\u30b9\u3092\u4fdd\u3068\u3046\u3068\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u6b21\u306f\u30d0\u30fc\u30af\u30ec\u30a4\u30ba\u306e\u30de\u30fc\u30af\u30fb\u30c7\u30d6\u30ea\u30fc\u30ba\u304b\u3089\u3067\u3059\u3002\u3069\u3046\u305e\u3001\u3088\u308d\u3057\u304f\u304a\u9858\u3044\u3057\u307e\u3059\u3002<\/p>\n<p>\u30de\u30fc\u30af\u30fb\u30c7\u30d6\u30ea\u30fc\u30ba &#8212; \u30d0\u30fc\u30af\u30ec\u30a4\u30ba &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u306f\u3044\u3001\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u30b9\u30c6\u30a3\u30fc\u30d6\u3001\u6e96\u5099\u3057\u305f\u30b3\u30e1\u30f3\u30c8\u306e\u4e2d\u3067\u3001\u3042\u306a\u305f\u306f Vanguard \u3068\u306e\u65b0\u3057\u3044\u30d1\u30fc\u30c8\u30ca\u30fc\u30b7\u30c3\u30d7\u3068\u3001Resy \u306e\u975e\u5e38\u306b\u5f37\u529b\u306a\u6d3b\u52d5\u306e\u4e21\u65b9\u306b\u3064\u3044\u3066\u8a00\u53ca\u3057\u305f\u3068\u601d\u3044\u307e\u3059\u3002\u3053\u306e2\u3064\u306e\u53d6\u308a\u7d44\u307f\u304c\u30c8\u30c3\u30d7\u30e9\u30a4\u30f3\u306b\u3069\u306e\u3088\u3046\u306a\u5f71\u97ff\u3092\u4e0e\u3048\u308b\u304b\u3001\u6559\u3048\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>Steve Squeri &#8212; \u4f1a\u9577\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\uff08CEO<\/p>\n<p>\u3053\u306e2\u3064\u306b\u3064\u3044\u3066\u8003\u3048\u3066\u3044\u305f\u3060\u304d\u305f\u3044\u306e\u306f\u3001\u79c1\u305f\u3061\u306f\u5e38\u306b\u7d99\u7d9a\u7684\u306b\u3001\u30ab\u30fc\u30c9\u306b\u3055\u3089\u306a\u308b\u7279\u5178\u3068\u30b5\u30fc\u30d3\u30b9\u3092\u8ffd\u52a0\u3057\u3066\u3044\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002\u3053\u306e2\u3064\u306e\u30d1\u30fc\u30c8\u30ca\u30fc\u30b7\u30c3\u30d7\u3092\u898b\u308b\u3068\u3001\u305d\u308c\u81ea\u4f53\u306b\u306f\u30c8\u30c3\u30d7\u30e9\u30a4\u30f3\u306e\u6210\u9577\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u3057\u304b\u3057\u3001\u3053\u306e2\u3064\u306e\u30d1\u30fc\u30c8\u30ca\u30fc\u30b7\u30c3\u30d7\u306f\u3001\u79c1\u305f\u3061\u306e\u8003\u3048\u308b\u3068\u3053\u308d\u3067\u306f\u3001\u30a8\u30f3\u30b2\u30fc\u30b8\u30e1\u30f3\u30c8\u3092\u9ad8\u3081\u3001\u30ea\u30c6\u30f3\u30b7\u30e7\u30f3\u3092\u5411\u4e0a\u3055\u305b\u3001\u30ab\u30fc\u30c9\u3092\u6301\u3063\u3066\u3044\u305f\u3044\u3068\u3044\u3046\u6c17\u6301\u3061\u3092\u3088\u308a\u5f37\u304f\u3055\u305b\u308b\u3082\u306e\u306a\u306e\u3067\u3059\u3002\u3055\u3066\u3001Resy\u306b\u3064\u3044\u3066\u5c11\u3057\u304a\u8a71\u3057\u307e\u3059\u3002<\/p>\n<p>Resy\u306f\u3001\u30ab\u30fc\u30c9\u4f1a\u54e1\u304c\u30ec\u30b9\u30c8\u30e9\u30f3\u306e\u4e88\u7d04\u306b\u30a2\u30af\u30bb\u30b9\u3067\u304d\u308b\u3088\u3046\u306b\u3059\u308b\u3060\u3051\u3067\u306a\u304f\u3001\u30ab\u30fc\u30c9\u4f1a\u54e1\u304c\u30b0\u30ed\u30fc\u30d0\u30eb\u30fb\u30c0\u30a4\u30cb\u30f3\u30b0\u30fb\u30d7\u30ed\u30b0\u30e9\u30e0\u306b\u30a2\u30af\u30bb\u30b9\u3067\u304d\u308b\u3088\u3046\u306b\u3059\u308b\u3060\u3051\u3067\u306a\u304f\u3001Resy\u306f\u30aa\u30fc\u30d7\u30f3\u30fb\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u306a\u306e\u3067\u3001\u30ab\u30fc\u30c9\u7372\u5f97\u624b\u6bb5\u306b\u3082\u306a\u308a\u307e\u3059\u3002\u30ab\u30fc\u30c9\u4f1a\u54e1\u304c\u3069\u3053\u3067\u304a\u91d1\u3092\u4f7f\u3046\u304b\u3001\u30ec\u30b9\u30c8\u30e9\u30f3\u3068\u3082\u3063\u3068\u9023\u643a\u3057\u3066\u30ab\u30fc\u30c9\u4f1a\u54e1\u3092\u3064\u306a\u3052\u3001\u6c7a\u6e08\u3060\u3051\u3067\u306a\u304f\u4e88\u7d04\u3084\u6c7a\u6e08\u306b\u3064\u306a\u304c\u308b\u30af\u30ed\u30fc\u30ba\u30c9\u30eb\u30fc\u30d7\u3092\u5225\u306e\u5f62\u3067\u6d3b\u7528\u3059\u308b\u306b\u306f\u3069\u3046\u3057\u305f\u3089\u3044\u3044\u304b\u3001\u305d\u308c\u304cResy\u306e\u3059\u3079\u3066\u3067\u3057\u305f\u3002\u3053\u306e\u3088\u3046\u306b\u3001\u30ab\u30fc\u30c9\u306e\u30b3\u30a2\u3068\u306a\u308b\u90e8\u5206\u3092\u4e2d\u5fc3\u306b\u3001\u3055\u307e\u3056\u307e\u306a\u30d1\u30fc\u30c8\u30ca\u30fc\u30b7\u30c3\u30d7\u3092\u69cb\u7bc9\u3057\u3066\u3044\u307e\u3059\u3002\u30c7\u30eb\u30bf\u822a\u7a7a\u306e\u5171\u540c\u30d6\u30e9\u30f3\u30c9\u30fb\u30d1\u30fc\u30c8\u30ca\u30fc\u30b7\u30c3\u30d7\u306a\u3069\u306e\u3053\u3068\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n<p>\u3057\u304b\u3057\u3001\u79c1\u305f\u3061\u306f\u5e38\u306b\u3001\u3088\u308a\u591a\u304f\u306e\u30b5\u30fc\u30d3\u30b9\u3001\u3088\u308a\u826f\u3044\u30a2\u30af\u30bb\u30b9\u3001\u3088\u308a\u591a\u304f\u306e\u7d4c\u9a13\u306a\u3069\u3092\u5546\u54c1\u306b\u8ffd\u52a0\u3057\u3001\u3088\u308a\u6301\u7d9a\u53ef\u80fd\u306a\u65b9\u6cd5\u3067\u4fa1\u5024\u63d0\u6848\u3092\u69cb\u7bc9\u3057\u7d9a\u3051\u3066\u3044\u307e\u3059\u3002\u30d0\u30f3\u30ac\u30fc\u30c9\u306e\u4f8b\u3067\u306f\u3001\u30d0\u30f3\u30ac\u30fc\u30c9\u306e\u30c7\u30b8\u30bf\u30eb\u30fb\u30a2\u30c9\u30d0\u30a4\u30b6\u30fc\u30fb\u30b5\u30fc\u30d3\u30b9\u3068\u30d1\u30fc\u30bd\u30ca\u30eb\u30fb\u30a2\u30c9\u30d0\u30a4\u30b6\u30fc\u30fb\u30b5\u30fc\u30d3\u30b9\u3092\u7d44\u307f\u5408\u308f\u305b\u3066\u3001\u30ab\u30fc\u30c9\u4f1a\u54e1\u306b\u6295\u8cc7\u30b5\u30fc\u30d3\u30b9\u306e\u6a5f\u4f1a\u3092\u63d0\u4f9b\u3057\u3001\u3055\u3089\u306bMR\u306e\u8981\u7d20\u3082\u52a0\u3048\u3066\u3044\u307e\u3059\u3002\u3053\u306e\u4ed6\u306b\u3082\u3001\u30e9\u30a4\u30d5\u30b9\u30bf\u30a4\u30eb\u3001\u91d1\u878d\u3001\u65c5\u884c\u3001\u30a8\u30f3\u30bf\u30fc\u30c6\u30a4\u30e1\u30f3\u30c8\u306a\u3069\u3001\u30ab\u30fc\u30c9\u5546\u54c1\u306e\u4fa1\u5024\u3092\u9ad8\u3081\u308b\u3088\u3046\u306a\u30b5\u30fc\u30d3\u30b9\u3092\u5f15\u304d\u7d9a\u304d\u691c\u8a0e\u3057\u3066\u3044\u304d\u307e\u3059\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u6b21\u306f\u30b4\u30fc\u30eb\u30c9\u30de\u30f3\u30fb\u30b5\u30c3\u30af\u30b9\u306e\u30e9\u30a4\u30a2\u30f3\u30fb\u30ca\u30c3\u30b7\u30e5\u304b\u3089\u3067\u3059\u3002\u3069\u3046\u305e\u3002<\/p>\n<p>Ryan Nash &#8212; Goldman Sachs &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u304a\u306f\u3088\u3046\u3054\u3056\u3044\u307e\u3059\u3001\u30b9\u30c6\u30a3\u30fc\u30d6\u3002\u304a\u306f\u3088\u3046\u3054\u3056\u3044\u307e\u3059\u3001\u30b8\u30a7\u30d5<\/p>\n<p>\u30b9\u30c6\u30a3\u30fc\u30d6\u30fb\u30b9\u30af\u30a8\u30ea &#8212; \u4f1a\u9577\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u304a\u306f\u3088\u3046\u3054\u3056\u3044\u307e\u3059\u3001\u30e9\u30a4\u30a2\u30f3\u3002<\/p>\n<p>\u30b8\u30a7\u30d5\u30fb\u30ad\u30e3\u30f3\u30d9\u30eb &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u3084\u3042\u3001\u30e9\u30a4\u30a2\u30f3\u3002<\/p>\n<p>Ryan Nash &#8212; Goldman Sachs &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u3067\u306f\u3001Steve &#8212; \u304a\u4e8c\u4eba\u306b\u8cea\u554f\u3067\u3059\u3002Steve\u306f\u6295\u8cc7\u6a5f\u4f1a\u304c\u5897\u3048\u308b\u3068\u304a\u3063\u3057\u3083\u3044\u307e\u3057\u305f\u304c\u3001Jeff\u306f\u57cb\u8535\u91cf\u3092\u5897\u3084\u3059\u53ef\u80fd\u6027\u306b\u3064\u3044\u3066\u304a\u3063\u3057\u3083\u3044\u307e\u3057\u305f\u306d\u3002\u3064\u307e\u308a\u3001\u6e96\u5099\u91d1\u306e\u3053\u3068\u3067\u3059\u306d\u3002\u6e96\u5099\u91d1\u306e\u6c34\u6e96\u306f\u3082\u3046\u5e95\u3092\u3064\u3044\u305f\u3068\u304a\u8003\u3048\u3067\u3059\u304b\uff1f\u307e\u305f\u3001\u666f\u6c17\u5f8c\u9000\u306e\u61f8\u5ff5\u304c\u3042\u308b\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u3001\u4fe1\u7528\u306f\u4e88\u60f3\u3092\u4e0a\u56de\u308a\u7d9a\u3051\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u3053\u306e\u307e\u307e\u4fe1\u7528\u529b\u304c\u5411\u4e0a\u3057\u3066\u3044\u3051\u3070\u3001\u30ab\u30fc\u30c9\u306e\u7372\u5f97\u304c\u9032\u307f\u30012024\u5e74\u306e\u76ee\u6a19\u9054\u6210\u306b\u8fd1\u3065\u304f\u3068\u601d\u3044\u307e\u3059\u304c\u3001\u305d\u306e\u53ef\u80fd\u6027\u306b\u3064\u3044\u3066\u3069\u306e\u3088\u3046\u306b\u304a\u8003\u3048\u3067\u3057\u3087\u3046\u304b\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>\u30b9\u30c6\u30a3\u30fc\u30d6\u30fb\u30b9\u30af\u30a8\u30ea &#8212; \u4f1a\u9577\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\uff08CEO<\/p>\n<p>1\u30683\u306b\u3064\u3044\u3066\u306f\u79c1\u304c\u56de\u7b54\u3057\u30012\u306b\u3064\u3044\u3066\u306f\u30b8\u30a7\u30d5\u304c\u56de\u7b54\u3057\u307e\u3059\u30021\u30683\u306f\u79c1\u304c\u899a\u3048\u3066\u3044\u308c\u3070\u3044\u3044\u306e\u3067\u3059\u304c\u3002\u3057\u304b\u3057\u3001\u73fe\u5b9f\u306b\u306f\u3001\u79c1\u305f\u3061\u306f\u5f15\u304d\u7d9a\u304d\u826f\u3044\u6a5f\u4f1a\u3092\u898b\u51fa\u3057\u3066\u3044\u307e\u3059\u3002\u305d\u3057\u3066\u305d\u306e\u3088\u3046\u306a\u6a5f\u4f1a\u304c\u3042\u308c\u3070\u3001\u5f15\u304d\u7d9a\u304d\u6295\u8cc7\u3057\u3066\u3044\u304f\u3064\u3082\u308a\u3067\u3059\u3002<\/p>\n<p>\u91cd\u8981\u306a\u306e\u306f\u3001\u79c1\u305f\u3061\u304c\u6295\u8cc7\u3092\u884c\u3046\u5834\u5408\u3001\u305d\u306e\u6295\u8cc7\u30b5\u30a4\u30af\u30eb\u3092\u901a\u3058\u3066\u884c\u3046\u3053\u3068\u3067\u3059\u3002\u3067\u3059\u304b\u3089\u3001ROI\u3092\u5f15\u304d\u53d7\u3051\u306a\u304c\u3089&#8230;&#8230;\u5f15\u304d\u53d7\u3051\u306a\u304c\u3089\u3001ROI\u3092\u898b\u306a\u304c\u3089\u3001\u79c1\u305f\u3061\u306f\u81ea\u5206\u306e\u76ee\u3067\u898b\u305f\u3082\u306e\u306b\u6e80\u8db3\u611f\u3092\u899a\u3048\u3066\u3044\u308b\u306e\u3067\u3059\u3002\u3067\u306f\u3001\u306a\u305c\u3053\u306e\u3088\u3046\u306a\u6a5f\u4f1a\u304c\u3042\u308b\u306e\u3067\u3057\u3087\u3046\u304b\uff1f\u305d\u308c\u306b\u306f2\u3064\u306e\u7406\u7531\u304c\u3042\u308b\u3068\u601d\u3044\u307e\u3059\u3002\u307e\u305a\u3001\u30d7\u30ec\u30df\u30a2\u30e0\u30fb\u30ab\u30fc\u30c9\u306e\u9818\u57df\u304c\u62e1\u5927\u3057\u3066\u3044\u308b\u3053\u3068\u3067\u3059\u3002<\/p>\n<p>\u7279\u306b\u3001Z\u4e16\u4ee3\u304c\u52b4\u50cd\u529b\u3068\u3057\u3066\u50cd\u304f\u3088\u3046\u306b\u306a\u308a\u3001\u30df\u30ec\u30cb\u30a2\u30eb\u4e16\u4ee3\u304c\u52b4\u50cd\u529b\u3068\u3057\u3066\u50cd\u304f\u3088\u3046\u306b\u306a\u3063\u305f\u304b\u3089\u3067\u3059\u3002\u30df\u30ec\u30cb\u30a2\u30eb\u4e16\u4ee3\u306f\u3001\u4eca\u306f\u5c11\u3057\u5e74\u3092\u53d6\u3063\u3066\u3044\u307e\u3059\u304c\u3001\u305d\u308c\u3067\u3082\u3053\u306e\u5546\u54c1\u306b\u60f9\u304b\u308c\u308b\u306e\u3067\u3059\u3002\u3053\u306e\u3088\u3046\u306b\u3001\u79c1\u305f\u3061\u306e\u88fd\u54c1\u306b\u60f9\u304b\u308c\u308b\u5c64\u304c\u3069\u3093\u3069\u3093\u5897\u3048\u3066\u3044\u308b\u3053\u3068\u304c\u3001\u30c1\u30e3\u30f3\u30b9\u3092\u751f\u3093\u3067\u3044\u308b\u306e\u3060\u3068\u601d\u3044\u307e\u3059\u3002\u4ee5\u524d\u306b\u3082\u304a\u8a71\u3057\u305f\u3053\u3068\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<p>\u4ee5\u524d\u3001\u79c1\u305f\u3061\u306f\u3001\u30d5\u30e9\u30f3\u30c1\u30e3\u30a4\u30ba\u306b\u53c2\u52a0\u3059\u308b\u4eba\u305f\u3061\u3092\u3088\u304f\u898b\u3066\u3044\u307e\u3057\u305f\u3002\u6700\u521d\u306f\u624b\u6570\u6599\u7121\u6599\u306e\u30ab\u30fc\u30c9\u3067\u30b9\u30bf\u30fc\u30c8\u3055\u305b\u308b\u3093\u3067\u3059\u3002\u3057\u304b\u3057\u3001\u624b\u6570\u6599\u7121\u6599\u306e\u30ab\u30fc\u30c9\u306e\u591a\u304f\u306f\u3001\u304a\u305d\u3089\u304f\u4ed6\u306e\u30ab\u30fc\u30c9\u307b\u3069\u5dee\u5225\u5316\u3055\u308c\u3066\u3044\u306a\u3044\u3067\u3057\u3087\u3046\u3002\u307e\u305f\u3001\u5f53\u793e\u306e\u65b9\u304c\u30b5\u30fc\u30d3\u30b9\u3082\u5145\u5b9f\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u3057\u304b\u3057\u3001\u79c1\u305f\u3061\u304c\u63d0\u4f9b\u3057\u3066\u3044\u308b\u5546\u54c1\u3084\u624b\u6570\u6599\u5546\u54c1\u306e\u4fa1\u5024\u3092\u8003\u3048\u308b\u3068\u3001\u8ce2\u3044\u6d88\u8cbb\u8005\u3084\u8ce2\u3044\u4e2d\u5c0f\u4f01\u696d\u306e\u4eba\u305f\u3061\u306f\u3001\u30ab\u30fc\u30c9\u306b\u652f\u6255\u3046\u304a\u91d1\u3088\u308a\u3082\u3001\u305d\u308c\u3089\u306e\u5546\u54c1\u304b\u3089\u591a\u304f\u306e\u4fa1\u5024\u3092\u751f\u307f\u51fa\u3059\u3053\u3068\u304c\u3067\u304d\u308b\u306e\u3067\u3059\u3002\u305d\u3057\u3066\u3001\u3054\u5b58\u77e5\u306e\u3088\u3046\u306b\u3001\u79c1\u305f\u3061\u306e\u30d0\u30ea\u30e5\u30fc\u30fb\u30d7\u30ed\u30dd\u30b8\u30b7\u30e7\u30f3\u306f\u3001\u30d1\u30fc\u30c8\u30ca\u30fc\u30fb\u30cd\u30c3\u30c8\u30ef\u30fc\u30af\u306b\u3088\u3063\u3066\u3001\u30ab\u30fc\u30c9\u4f1a\u54e1\u306b\u4fa1\u5024\u3092\u63d0\u4f9b\u3059\u308b\u305f\u3081\u306b\u30d1\u30fc\u30c8\u30ca\u30fc\u3068\u5354\u529b\u3059\u308b\u3082\u306e\u3067\u3059\u3002\u30ab\u30fc\u30c9\u4f1a\u54e1\u3001\u30d1\u30fc\u30c8\u30ca\u30fc\u3001\u305d\u3057\u3066\u79c1\u305f\u3061\u306e3\u8005\u306b\u3068\u3063\u3066\u3001\u3059\u3079\u3066\u304c\u3046\u307e\u304f\u3044\u304f\u306e\u3067\u3059\u3002\u3082\u30461\u3064\u91cd\u8981\u306a\u3053\u3068\u306f\u3001\u4e2d\u5c0f\u4f01\u696d\u306e\u8cb7\u53ce\u304c\u5897\u52a0\u3057\u3066\u3044\u308b\u3053\u3068\u3067\u3059\u3002<\/p>\n<p>\u3053\u308c\u306f\u69cb\u9020\u7684\u306a\u5909\u5316\u306e\u3072\u3068\u3064\u3067\u3001\u79c1\u305f\u3061\u3082\u305d\u308c\u3092\u5229\u7528\u3057\u3066\u3044\u307e\u3059\u30023\u3064\u76ee\u306e\u8cea\u554f\u3067\u3059\u304c\u30012\u3064\u76ee\u306e\u8cea\u554f\u306b\u3064\u3044\u3066\u306f\u30b8\u30a7\u30d5\u304c\u899a\u3048\u3066\u3044\u308b\u304b\u3068\u601d\u3044\u307e\u3059\u304c\u30013\u3064\u76ee\u306e\u8cea\u554f\u306b\u3064\u3044\u3066\u306f\u3001\u30af\u30ec\u30b8\u30c3\u30c8\u306e\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u304c\u5411\u4e0a\u3059\u308c\u3070\u3001\u5f15\u5f53\u91d1\u3092\u3055\u3089\u306b\u53d6\u308a\u5d29\u3057\u3066\u3001\u30c1\u30e3\u30f3\u30b9\u3092\u751f\u304b\u3059\u3053\u3068\u306b\u306a\u308b\u3067\u3057\u3087\u3046\u3002\u305d\u306e\u3088\u3046\u306a\u6a5f\u4f1a\u304c\u3042\u308c\u3070\u3001\u305d\u308c\u3092\u5229\u7528\u3057\u7d9a\u3051\u308b\u3064\u3082\u308a\u3067\u3059\u3002\u5148\u307b\u3069\u7533\u3057\u4e0a\u3052\u305f\u3088\u3046\u306b\u3001\u79c1\u305f\u3061\u306f\u4e2d\u9577\u671f\u7684\u306a\u8996\u70b9\u3067\u7d4c\u55b6\u3092\u884c\u3063\u3066\u3044\u307e\u3059\u3002\u9577\u671f\u7684\u306b\u5229\u76ca\u3092\u3082\u305f\u3089\u3059\u3088\u3046\u306a\u3001\u672c\u5f53\u306b\u826f\u3044\u6295\u8cc7\u6a5f\u4f1a\u3092\u898b\u904e\u3054\u3059\u3053\u3068\u306f\u3001\u79c1\u3068\u3057\u3066\u306f\u672c\u5f53\u306b\u7121\u8cac\u4efb\u3060\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>\u4eca\u5e74\u3054\u89a7\u3044\u305f\u3060\u3044\u305f\u3088\u3046\u306b\u3001\u79c1\u305f\u3061\u306f2019\u5e74\u306e\u53ce\u76ca\u30d9\u30fc\u30b9\u306718%\u304b\u308920%\u306e\u53ce\u76ca\u6210\u9577\u3092\u30b3\u30df\u30c3\u30c8\u3057\u3066\u3044\u307e\u3059\u3002\u3053\u306e\u3088\u3046\u306a\u3053\u3068\u306f\u3001\u3053\u308c\u307e\u3067\u4e00\u5ea6\u3082\u306a\u304b\u3063\u305f\u3053\u3068\u3067\u3059\u3002\u3053\u308c\u306f\u3001\u30ab\u30fc\u30c9\u4f1a\u54e1\u3078\u306e\u6295\u8cc7\u3001\u30d6\u30e9\u30f3\u30c9\u3078\u306e\u6295\u8cc7\u3001\u305d\u3057\u3066\u826f\u3044\u6295\u8cc7\u6a5f\u4f1a\u304b\u3089\u9003\u3052\u306a\u3044\u3053\u3068\u306e\u76f4\u63a5\u7684\u306a\u7d50\u679c\u306a\u306e\u3067\u3059\u3002<\/p>\n<p>\u30b8\u30a7\u30d5\u30fb\u30ad\u30e3\u30f3\u30d9\u30eb &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u30e9\u30a4\u30a2\u30f3\u3001\u30af\u30ec\u30b8\u30c3\u30c8\u306e\u8a71\u306b\u623b\u308a\u307e\u3059\u304c\u3001\u79c1\u306e\u767a\u8a00\u3092\u660e\u78ba\u306b\u3057\u3066\u304a\u304d\u305f\u3044\u3068\u601d\u3044\u307e\u3059\u3002\u7b2c1\u56db\u534a\u671f\u3092\u7d42\u3048\u305f\u6642\u70b9\u3067\u306f\u3001AR\u6b8b\u9ad8\u304c\u5897\u52a0\u3059\u308b\u3053\u3068\u304c\u4e88\u60f3\u3055\u308c\u308b\u305f\u3081\u3001\u5e74\u672b\u307e\u3067\u306b\u30c9\u30eb\u5efa\u3066\u306e\u5f15\u5f53\u91d1\u304c\u5897\u52a0\u3059\u308b\u3082\u306e\u3068\u601d\u308f\u308c\u307e\u3059\u3002\u30ea\u30b6\u30fc\u30d6\u30ec\u30fc\u30c8\u304c\u4e0a\u6607\u3059\u308b\u304b\u3069\u3046\u304b\u306f\u3042\u307e\u308a\u660e\u78ba\u3067\u306f\u306a\u304f\u3001\u304a\u305d\u3089\u304f\u7d4c\u6e08\u898b\u901a\u3057\u304c\u3069\u3046\u306a\u308b\u304b\u306b\u3088\u308b\u3067\u3057\u3087\u3046\u3002\u30ea\u30b6\u30fc\u30d6\u30ec\u30fc\u30c8\u304c\u4e0b\u304c\u308b\u53ef\u80fd\u6027\u306f\uff1f\u305d\u3046\u3067\u3059\u306d\u3001\u5ef6\u6ede\u3084\u511f\u5374\u304c\u6e1b\u308b\u3068\u306f\u601d\u3048\u307e\u305b\u3093\u3002<\/p>\n<p>\u3067\u3059\u304b\u3089\u3001\u6a5f\u68b0\u7684\u306b\u30ea\u30b6\u30fc\u30d6\u30ec\u30fc\u30c8\u304c\u4e0b\u304c\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u306e\u306f\u3001\u30d0\u30e9\u30f3\u30b9\u306e\u3068\u308c\u305f\u7d4c\u6e08\u898b\u901a\u3057\u304c\u5287\u7684\u306b\u6539\u5584\u3055\u308c\u308b\u3053\u3068\u3060\u3051\u3067\u3001\u305d\u308c\u306f\u304a\u305d\u3089\u304f\u4e16\u754c\u4e2d\u306e\u3042\u3089\u3086\u308b\u4e0d\u78ba\u5b9f\u6027\u304c\u306a\u304f\u306a\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3057\u3087\u3046\u3002\u3060\u304b\u3089\u3001\u3082\u3057\u9b54\u6cd5\u306e\u3088\u3046\u306b\u305d\u3046\u306a\u3063\u305f\u3089\u3001\u6a5f\u68b0\u7684\u306b\u30ea\u30b6\u30fc\u30d6\u30fb\u30ec\u30fc\u30c8\u3092\u4e0b\u3052\u308b\u3053\u3068\u306f\u53ef\u80fd\u3067\u3057\u3087\u3046\u3002\u3057\u304b\u3057\u3001\u3053\u3053\u306b\u5ea7\u3063\u3066\u3044\u308b\u9650\u308a\u3067\u306f\u3001\u305d\u306e\u53ef\u80fd\u6027\u306f\u304b\u306a\u308a\u4f4e\u3044\u3068\u8a00\u308f\u3056\u308b\u3092\u5f97\u307e\u305b\u3093\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u6b21\u306f\u30c9\u30a4\u30c4\u9280\u884c\u306e\u5b5f\u81a0\u304b\u3089\u3067\u3059\u3002\u3069\u3046\u305e\u3002<\/p>\n<p>Meng Jiao &#8212; \u30c9\u30a4\u30c4\u9280\u884c &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u304a\u306f\u3088\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u79c1\u306e\u8cea\u554f\u306b\u7b54\u3048\u3066\u304f\u308c\u3066\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002<\/p>\n<p>\u30b9\u30c6\u30a3\u30fc\u30d6\u30fb\u30b9\u30af\u30a8\u30ea &#8212; \u4f1a\u9577\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u304a\u306f\u3088\u3046\u3054\u3056\u3044\u307e\u3059\u3002<\/p>\n<p>\u30b8\u30a7\u30d5\u30fb\u30ad\u30e3\u30f3\u30d9\u30eb &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u304a\u306f\u3088\u3046\u3054\u3056\u3044\u307e\u3059\u3002<\/p>\n<p>Meng Jiao &#8212; Deutsche Bank &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u7af6\u4e89\u74b0\u5883\u306b\u3064\u3044\u3066\u3067\u3059\u304c\u3001\u65b0\u3057\u3044\u30d5\u30a1\u30d6\u3092\u63d0\u4f9b\u3059\u308b\u7af6\u5408\u4ed6\u793e\u304c\u73fe\u308c\u307e\u3057\u305f\u3057\u3001\u30d7\u30ec\u30df\u30a2\u30e0\u30fb\u30c8\u30e9\u30d9\u30eb\u306e\u5206\u91ce\u306f\u5e38\u306b\u30c8\u30c3\u30d7\u3067\u3059\u3002\u3057\u304b\u3057\u3001\u305d\u308c\u304c\u3042\u306a\u305f\u65b9\u306e\u8db3\u3092\u5f15\u3063\u5f35\u308b\u3053\u3068\u306f\u306a\u3044\u3088\u3046\u3067\u3059\u3002\u305d\u3053\u3067\u8cea\u554f\u3067\u3059\u304c\u3001\u5fa1\u793e\u304c\u7372\u5f97\u3057\u305f\u5e02\u5834\u30b7\u30a7\u30a2\u306e\u3088\u3046\u306a\u3082\u306e\u3092\u6570\u5024\u5316\u3057\u3001\u307e\u305f\u73fe\u5728\u306e\u72b6\u6cc1\u306b\u304a\u3051\u308b\u6f5c\u5728\u7684\u306a\u9006\u98a8\u306b\u3064\u3044\u3066\u304a\u805e\u304b\u305b\u3044\u305f\u3060\u3051\u306a\u3044\u3067\u3057\u3087\u3046\u304b\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>\u30b9\u30c6\u30a3\u30fc\u30d6\u30fb\u30b9\u30af\u30a8\u30ea &#8212; \u4f1a\u9577\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u3055\u3066\u3001\u79c1\u305f\u3061\u306f&#8230;\u3053\u308c\u306f\u7af6\u4e89\u306e\u6fc0\u3057\u3044\u5206\u91ce\u3067\u3059\u3002\u7c73\u56fd\u306e\u6d88\u8cbb\u8005\u306b\u3064\u3044\u3066\u8a9e\u308b\u3068\u304d\u3001\u305d\u308c\u306f\u7af6\u4e89\u306e\u6fc0\u3057\u3044\u5206\u91ce\u3067\u3059\u3002\u3053\u308c\u307e\u3067\u3082\u305a\u3063\u3068\u7af6\u4e89\u306e\u6fc0\u3057\u3044\u5206\u91ce\u3067\u3057\u305f\u3002<\/p>\n<p>\u305d\u3057\u3066\u3001\u3053\u308c\u304b\u3089\u3082\u7af6\u4e89\u306f\u7d9a\u304f\u3067\u3057\u3087\u3046\u3002Capital One\u306e\u65b0\u88fd\u54c1\u3084J.P.\u30e2\u30eb\u30ac\u30f3\u306a\u3069\u3001\u30d7\u30ec\u30df\u30a2\u30e0\u5546\u54c1\u3092\u3055\u3089\u306b\u5145\u5b9f\u3055\u305b\u3088\u3046\u3068\u3059\u308b\u7d20\u6674\u3089\u3057\u3044\u4f01\u696d\u304c\u3042\u308a\u307e\u3059\u3002\u79c1\u305f\u3061\u306f\u3053\u308c\u304b\u3089\u3082 &#8212; \u3082\u3046\u4e00\u5ea6\u8a00\u3044\u307e\u3059\u304c\u3001Resy\u3084Vanguard\u306a\u3069\u306b\u3064\u3044\u3066\u8cea\u554f\u3055\u308c\u305f\u3068\u304d\u306b\u7533\u3057\u4e0a\u3052\u305f\u3053\u3068\u306b\u623b\u308a\u3001\u79c1\u305f\u3061\u306f\u3053\u308c\u304b\u3089\u3082\u5546\u54c1\u306e\u4fa1\u5024\u3092\u9ad8\u3081\u3066\u3044\u304d\u3001\u79c1\u305f\u3061\u304c\u5e38\u306b\u30c8\u30c3\u30d7\u30aa\u30d6\u30de\u30a4\u30f3\u30c9\u3001\u30c8\u30c3\u30d7\u30aa\u30d6\u30a6\u30a9\u30ec\u30c3\u30c8\u3067\u3042\u308b\u3088\u3046\u306b\u52aa\u3081\u3066\u3044\u304d\u307e\u3059\u3002<\/p>\n<p>\u305d\u3057\u3066\u3001\u904e\u53bb\u6700\u9ad8\u306e\u8cb7\u53ce\u984d\u3092\u8a18\u9332\u3057\u307e\u3057\u305f\u3002\u3057\u304b\u3057\u3001\u4f9d\u7136\u3068\u3057\u3066\u7af6\u4e89\u306e\u6fc0\u3057\u3044\u5206\u91ce\u3067\u3042\u308b\u3053\u3068\u306b\u5909\u308f\u308a\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u7af6\u4e89\u306b\u3064\u3044\u3066\u8003\u3048\u308b\u3068\u304d\u3001\u79c1\u305f\u3061\u306f\u7c73\u56fd\u306e\u6d88\u8cbb\u8005\u5e02\u5834\u3067\u306e\u7af6\u4e89\u306b\u3064\u3044\u3066\u8003\u3048\u308b\u3060\u3051\u3067\u306a\u304f\u3001\u7c73\u56fd\u306e\u4e2d\u5c0f\u4f01\u696d\u3067\u306e\u7af6\u4e89\u306b\u3064\u3044\u3066\u3082\u8003\u3048\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u307e\u305f\u3001\u4e2d\u5c0f\u4f01\u696d\u3082\u540c\u69d8\u306b\u7af6\u4e89\u7684\u3067\u3059\u3002\u4e2d\u5c0f\u4f01\u696d\u306e\u89b3\u70b9\u304b\u3089\u3082\u3001\u5e02\u5834\u3054\u3068\u306b\u898b\u3066\u3044\u304f\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002\u305d\u3057\u3066\u3001\u4e2d\u5c0f\u4f01\u696d\u306e\u89b3\u70b9\u304b\u3089\u3082\u3001\u5e02\u5834\u3054\u3068\u306b\u898b\u3066\u3044\u304f\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u4e16\u306e\u4e2d\u306b\u306f\u305f\u304f\u3055\u3093\u306e\u7af6\u4e89\u304c\u3042\u308a\u307e\u3059\u3002\u79c1\u305f\u3061\u306f\u5e38\u306b\u7af6\u5408\u4ed6\u793e\u3092\u6ce8\u8996\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u305d\u3057\u3066\u3001\u79c1\u305f\u3061\u306e\u76ee\u6a19\u306f\u3001\u304a\u5ba2\u69d8\u306e\u30cb\u30fc\u30ba\u3092\u7406\u89e3\u3057\u3001\u304a\u5ba2\u69d8\u306e\u30cb\u30fc\u30ba\u306e\u65b9\u5411\u6027\u3092\u7406\u89e3\u3057\u3001\u88fd\u54c1\u3068\u30b5\u30fc\u30d3\u30b9\u3092\u958b\u767a\u3057\u7d9a\u3051\u308b\u3053\u3068\u3067\u3059\u3002\u305d\u3057\u3066\u3001\u73fe\u5b9f\u306b\u306f\u3001\u88fd\u54c1\u3092\u767a\u58f2\u3057\u3066\u6570\u5e74\u9593\u7720\u308a\u3001\u300c\u3088\u3057\u30013\u5e74\u5f8c\u306b\u65b0\u3057\u3044\u3082\u306e\u3092\u51fa\u305d\u3046\u300d\u3068\u306f\u306a\u3089\u306a\u3044\u306e\u3067\u3059\u3002\u79c1\u305f\u3061\u306f\u5e38\u306b\u4fa1\u5024\u3092\u9ad8\u3081\u3066\u3044\u308b\u306e\u3067\u3059\u3002\u30d7\u30e9\u30c1\u30ca\u30fb\u30ab\u30fc\u30c9\u306b\u30a6\u30a9\u30eb\u30de\u30fc\u30c8\u30fb\u30d7\u30e9\u30b9\u3068\u3044\u3046\u7279\u5178\u3092\u8ffd\u52a0\u3057\u3001\u30ea\u30cb\u30e5\u30fc\u30a2\u30eb\u3057\u305f\u5f8c\u3082\u3001\u3055\u3089\u306b\u4fa1\u5024\u3092\u9ad8\u3081\u3066\u3044\u308b\u306e\u306f\u3054\u5b58\u3058\u306e\u3068\u304a\u308a\u3067\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u79c1\u305f\u3061\u306f\u5e38\u306b\u9ad8\u3044\u7af6\u4e89\u7387\u3092\u60f3\u5b9a\u3057\u3066\u3044\u307e\u3059\u3057\u3001\u7af6\u4e89\u76f8\u624b\u304c\u672c\u5f53\u306b\u512a\u79c0\u3067\u3042\u308b\u3053\u3068\u3082\u60f3\u5b9a\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u3053\u306e\u3088\u3046\u306a\u8003\u3048\u65b9\u3092\u6301\u3061\u306a\u304c\u3089\u4e8b\u696d\u3092\u904b\u55b6\u3059\u308b\u3053\u3068\u306f\u3001\u79c1\u305f\u3061\u306b\u3068\u3063\u3066\u975e\u5e38\u306b\u6709\u76ca\u3067\u3059\u3002<\/p>\n<p>Jeff Campbell &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u3064\u307e\u308a\u3001\u30d7\u30ec\u30df\u30a2\u30e0\u9867\u5ba2\u30d9\u30fc\u30b9\u3092\u3088\u308a\u901f\u304f\u6210\u9577\u3055\u305b\u7d9a\u3051\u308b\u3053\u3068\u304c\u3067\u304d\u308c\u3070\u3001\u305d\u306e\u30d9\u30fc\u30b9\u306b\u30a2\u30af\u30bb\u30b9\u3057\u3001\u30d0\u30ea\u30e5\u30fc\u30fb\u30d7\u30ed\u30dd\u30b8\u30b7\u30e7\u30f3\u306e\u3055\u3089\u306a\u308b\u5411\u4e0a\u3092\u652f\u63f4\u3059\u308b\u30d1\u30fc\u30c8\u30ca\u30fc\u3092\u5f15\u304d\u5bc4\u305b\u308b\u3053\u3068\u306b\u6210\u529f\u3059\u308b\u3001\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002\u3053\u308c\u306f\u3001\u975e\u5e38\u306b\u7af6\u4e89\u306e\u6fc0\u3057\u3044\u5206\u91ce\u3067\u5f53\u793e\u304c\u4e8b\u696d\u3092\u5c55\u958b\u3059\u308b\u4e0a\u3067\u3001\u6700\u3082\u91cd\u8981\u306a\u65b9\u6cd5\u306e\u4e00\u3064\u3067\u3059\u3002<\/p>\n<p>\u30b9\u30c6\u30a3\u30fc\u30d6\u30fb\u30b9\u30af\u30a8\u30ea &#8212; \u4f1a\u9577\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u305d\u306e\u901a\u308a\u3067\u3059\u3002\u3053\u306e\u597d\u5faa\u74b0\u306f\u3001\u5b9f\u969b\u306e\u30cd\u30c3\u30c8\u30ef\u30fc\u30af\u306e\u4e0a\u306b\u6210\u308a\u7acb\u3063\u3066\u3044\u308b\u306e\u3067\u3059\u306d\u3002\u306a\u305c\u306a\u3089\u3001\u30d1\u30fc\u30c8\u30ca\u30fc\u306f\u79c1\u305f\u3061\u306e\u30cd\u30c3\u30c8\u30ef\u30fc\u30af\u3001\u3064\u307e\u308a\u30de\u30fc\u30c1\u30e3\u30f3\u30c8\u30fb\u30cd\u30c3\u30c8\u30ef\u30fc\u30af\u304b\u3089\u5f97\u3066\u3044\u308b\u304b\u3089\u3067\u3059\u3002\u30b8\u30a7\u30d5\u304c\u8a00\u3063\u305f\u3088\u3046\u306b\u3001\u30d7\u30ec\u30df\u30a2\u30e0\u30ab\u30fc\u30c9\u4f1a\u54e1\u304c\u5897\u3048\u308c\u3070\u5897\u3048\u308b\u307b\u3069\u3001\u305d\u3057\u3066\u304a\u5ba2\u69d8\u304c\u4fa1\u5024\u3092\u5f97\u308c\u3070\u5f97\u308b\u307b\u3069\u3001\u304a\u5ba2\u69d8\u306f\u305d\u306e\u57fa\u76e4\u306b\u6295\u8cc7\u3057\u305f\u3044\u3068\u601d\u3046\u3088\u3046\u306b\u306a\u308b\u306e\u3067\u3059\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u6b21\u306e\u8cea\u554f\u306f\u3001Piper Sandler\u306eChris Donat\u304b\u3089\u3067\u3059\u3002\u3069\u3046\u305e\u3002<\/p>\n<p>Chris Donat &#8212; Piper Sandler &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u304a\u306f\u3088\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u79c1\u306e\u8cea\u554f\u306b\u304a\u7b54\u3048\u3044\u305f\u3060\u304d\u3001\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002<\/p>\n<p>\u30b9\u30c6\u30a3\u30fc\u30d6\u30fb\u30b9\u30af\u30a8\u30ea &#8212; \u4f1a\u9577\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u304a\u306f\u3088\u3046\u3054\u3056\u3044\u307e\u3059\u3001\u30af\u30ea\u30b9\u3002<\/p>\n<p>\u30b8\u30a7\u30d5\u30fb\u30ad\u30e3\u30f3\u30d9\u30eb &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u304a\u306f\u3088\u3046\u3054\u3056\u3044\u307e\u3059\u3001Chris\u3055\u3093\u3002<\/p>\n<p>Chris Donat &#8212; Piper Sandler &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u79c1\u306f\u305f\u3060&#8230;\u3042\u3042\u3001\u3053\u3093\u306b\u3061\u306f\u3002\u30ab\u30fc\u30c9\u624b\u6570\u6599\u306e\u7d14\u984d\u3068\u524d\u5e74\u6bd4\u306e\u4f38\u3073\u3001\u305d\u3057\u3066\u4f38\u3073\u306e\u52a0\u901f\u306b\u3064\u3044\u3066\u3001\u3082\u3046\u4e00\u5ea6\u78ba\u8a8d\u3057\u305f\u3044\u306e\u3067\u3059\u3002\u3053\u308c\u306f\u65b0\u898f\u52a0\u5165\u3068\u624b\u6570\u6599\u306e\u5909\u66f4\u306b\u3088\u308b\u3082\u306e\u3067\u3059\u304c\u3001\u4eca\u5f8c4\u56db\u534a\u671f\u3082\u540c\u69d8\u306e\u524d\u5e74\u540c\u671f\u6bd4\u306e\u63a8\u79fb\u3092\u671f\u5f85\u3057\u3066\u3088\u3044\u306e\u3067\u3057\u3087\u3046\u304b\u3002\u305d\u308c\u3068\u3082\u3001\u30c9\u30eb\u30d9\u30fc\u30b9\u3067\u306f\u4e00\u904e\u6027\u306e\u3082\u306e\u306a\u306e\u3067\u3057\u3087\u3046\u304b\u3002<\/p>\n<p>\u30b8\u30a7\u30d5\u30fb\u30ad\u30e3\u30f3\u30d9\u30eb &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005\uff08CFO<\/p>\n<p>\u3044\u3044\u8cea\u554f\u3067\u3059\u306d\u3001Chris\u3002\u5148\u307b\u3069\u3082\u7533\u3057\u4e0a\u3052\u307e\u3057\u305f\u304c\u3001\u30ab\u30fc\u30c9\u624b\u6570\u6599\u306e\u4f38\u3073\u306e\u5927\u90e8\u5206\u306f\u3001\u624b\u6570\u6599\u306e\u9ad8\u3044\u5546\u54c1\u306b\u591a\u304f\u306e\u304a\u5ba2\u3055\u307e\u3092\u53d6\u308a\u8fbc\u3093\u3060\u3053\u3068\u306b\u3088\u308b\u3082\u306e\u3067\u3001\u7279\u306b\u5024\u4e0a\u3052\u3092\u3057\u305f\u308f\u3051\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u30d7\u30ec\u30df\u30a2\u30e0\u30fb\u30ab\u30fc\u30c9\u4f1a\u54e1\u3092\u65b0\u898f\u306b\u7372\u5f97\u3057\u3066\u304d\u305f\u3053\u3068\u3092\u8003\u3048\u308b\u3068\u3001\u7c73\u56fd\u306e\u7b2c1\u56db\u534a\u671f\u306f\u8a18\u9332\u7684\u3067\u3057\u305f\u3002<\/p>\n<p>\u3053\u306e\u3053\u3068\u306f\u3001\u4eca\u5f8c\u6570\u56db\u534a\u671f\u306b\u308f\u305f\u3063\u3066\u3001\u3053\u306e16%\u306f\u3055\u3089\u306b\u52a0\u901f\u3055\u308c\u308b\u3068\u78ba\u4fe1\u3057\u3066\u3044\u307e\u3059\u3002\u3068\u3044\u3046\u306e\u3082\u3001\u624b\u6570\u6599\u306e\u4f1a\u8a08\u51e6\u7406\u3092\u601d\u3044\u51fa\u3057\u3066\u3044\u305f\u3060\u304d\u305f\u3044\u306e\u3067\u3059\u304c\u3001\u624b\u6570\u6599\u306f\u652f\u6255\u3063\u305f\u6642\u70b9\u304b\u308912\u30f5\u6708\u306b\u308f\u305f\u3063\u3066\u511f\u5374\u3055\u308c\u307e\u3059\u3002\u3053\u306e\u3088\u3046\u306b\u3001\u304b\u306a\u308a\u4e88\u6e2c\u53ef\u80fd\u306a\u52b9\u679c\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u6b21\u306e\u8cea\u554f\u306fJP\u30e2\u30eb\u30ac\u30f3\u306e\u30ea\u30c3\u30af\u30fb\u30b7\u30a7\u30fc\u30f3\u304b\u3089\u3067\u3059\u3002<\/p>\n<p>Rick Shane &#8212; J.P. Morgan &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u3084\u3042\u3001\u307f\u3093\u306a\u3002\u79c1\u306e\u8cea\u554f\u306b\u7b54\u3048\u3066\u304f\u308c\u3066\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u7b2c1\u56db\u534a\u671f\u306e\u975e\u5e38\u306b\u597d\u8abf\u306a\u696d\u7e3e\u306b\u3064\u3044\u3066\u3001\u5e74\u9593\u3092\u901a\u3058\u3066\u9806\u6b21\u62e1\u5927\u3059\u308b\u3068\u3044\u3046\u524d\u56de\u306e\u30b3\u30e1\u30f3\u30c8\u3067\u793a\u3055\u308c\u305f2022\u5e74\u306e\u30ac\u30a4\u30c0\u30f3\u30b9\u3092\u7dad\u6301\u3059\u308b\u3068\u3044\u3046\u89b3\u70b9\u304b\u3089\u7406\u89e3\u3057\u305f\u3044\u306e\u3067\u3059\u304c\u3001\u3044\u304b\u304c\u3067\u3057\u3087\u3046\u304b\u3002\u3082\u3061\u308d\u3093\u3001\u5f15\u5f53\u91d1\u7e70\u5165\u984d\u306f\u3042\u308b\u7a0b\u5ea6\u5e73\u6e96\u5316\u3055\u308c\u308b\u3067\u3057\u3087\u3046\u304c\u3001\u30c8\u30c3\u30d7\u30e9\u30a4\u30f3\u304c\u52a0\u901f\u3057\u3066\u3044\u308b\u4e2d\u3067\u3001\u55b6\u696d\u30ec\u30d0\u30ec\u30c3\u30b8\u3084\u52b9\u7387\u6027\u306b\u3064\u3044\u3066\u3069\u3046\u8003\u3048\u3066\u3044\u308b\u306e\u3067\u3057\u3087\u3046\u304b\u3002<\/p>\n<p>\u30b8\u30a7\u30d5\u30fb\u30ad\u30e3\u30f3\u30d9\u30eb &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3001\u30ea\u30c3\u30af\u3001\u79c1\u304c\u633f\u5165\u3057\u305f\u975e\u5e38\u306b\u614e\u91cd\u306a\u8a00\u8449\u306f\u3001\u30b7\u30fc\u30b1\u30f3\u30b7\u30e3\u30eb\u306a\u6210\u9577\u306b\u3064\u3044\u3066\u8a71\u3057\u305f\u3068\u304d\u306b\u3001\u79c1\u305f\u3061\u304c\u30b3\u30a2\u53ce\u76ca\u3068\u547c\u3093\u3067\u3044\u308b\u3082\u306e\u3067\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u6700\u521d\u306e\u30da\u30fc\u30b8\u306b\u3042\u308b\u7a0e\u5f15\u304d\u524d\u4e88\u9632\u63aa\u7f6e\u524d\u7d14\u5229\u76ca\u306e\u6570\u5b57\u3092\u5165\u308c\u305f\u308f\u3051\u3067\u3059\u3002\u30c9\u30eb\u30d9\u30fc\u30b9\u3067\u306f\u3042\u308a\u307e\u3059\u304c\u3001AR\u304c\u4e88\u60f3\u901a\u308a\u6210\u9577\u3057\u7d9a\u3051\u308b\u3068\u4eee\u5b9a\u3059\u308c\u3070\u3001\u5e74\u672b\u306e\u5f15\u5f53\u91d1\u306f\u3082\u3046\u5c11\u3057\u9ad8\u304f\u306a\u308b\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u5e74\u5ea6\u304c\u9032\u3080\u306b\u3064\u308c\u3066\u3001\u7a0e\u5f15\u524d\u5f53\u671f\u7d14\u5229\u76ca\u306f\u56db\u534a\u671f\u3054\u3068\u306b\u5c11\u3057\u305a\u3064\u5f37\u304f\u306a\u3063\u3066\u3044\u304f\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002\u3068\u3044\u3046\u306e\u3082\u3001\u7b2c1\u56db\u534a\u671f\u306b\u304b\u306a\u308a\u306e\u898f\u6a21\u306e\u652f\u6255\u5099\u91d1\u3092\u53d6\u308a\u5d29\u3057\u305f\u305f\u3081\u3001GAAP\u30d9\u30fc\u30b9\u306eEPS\u304c270\u30c9\u30eb\u306b\u4e0a\u6607\u3057\u307e\u3057\u305f\u3002<\/p>\n<p>\u660e\u3089\u304b\u306b\u3001\u5358\u7d14\u306b\u8a08\u7b97\u3059\u308c\u3070\u3001\u3053\u306e\u6570\u5b57\u304c\u9023\u7d9a\u3057\u3066\u4f38\u3073\u308b\u3068\u306f\u601d\u3063\u3066\u3044\u307e\u305b\u3093\u3002\u5f53\u793e\u306eEPS\u30ac\u30a4\u30c0\u30f3\u30b9\u3092\u8003\u3048\u308c\u3070\u3001\u305d\u308c\u306f\u660e\u3089\u304b\u3067\u3059\u3002\u3082\u30461\u3064\u306f\u3001\u53ce\u76ca\u306e\u30e2\u30e1\u30f3\u30bf\u30e0\u306b\u3064\u3044\u3066\u306f\u975e\u5e38\u306b\u6e80\u8db3\u3057\u3066\u3044\u307e\u3059\u304c\u3001\u30b9\u30c6\u30a3\u30fc\u30d6\u306f\u3001\u826f\u3044\u6295\u8cc7\u6a5f\u4f1a\u304c\u3042\u308c\u3070\u305d\u308c\u3092\u8ffd\u6c42\u3059\u308b\u3053\u3068\u306b\u91cd\u70b9\u3092\u7f6e\u3044\u3066\u3044\u308b\u3053\u3068\u3092\u975e\u5e38\u306b\u660e\u78ba\u306b\u8ff0\u3079\u3066\u3044\u307e\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u79c1\u305f\u3061\u306f\u5e74\u9593\u306eEPS\u30ac\u30a4\u30c0\u30f3\u30b9\u306b\u975e\u5e38\u306b\u6e80\u8db3\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u6b21\u306e\u8cea\u554f\u306f\u3001MoffettNathanson\u306eLisa Ellis\u304b\u3089\u3067\u3059\u3002\u3069\u3046\u305e\u3088\u308d\u3057\u304f\u304a\u9858\u3044\u3057\u307e\u3059\u3002<\/p>\n<p>\u30ea\u30b5\u30fb\u30a8\u30ea\u30b9 &#8212; MoffettNathanson &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u304a\u306f\u3088\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u79c1\u306e\u8cea\u554f\u306b\u7b54\u3048\u3066\u304f\u308c\u3066\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002<\/p>\n<p>\u30b8\u30a7\u30d5\u30fb\u30ad\u30e3\u30f3\u30d9\u30eb &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u3053\u3093\u306b\u3061\u306f\u3001\u30ea\u30b5\u3002<\/p>\n<p>Lisa Ellis &#8212; MoffettNathanson &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u65b0\u898f\u30ab\u30fc\u30c9\u306e\u7372\u5f97\u306b\u3064\u3044\u3066\u5c11\u3057\u304a\u4f3a\u3044\u3057\u305f\u3044\u306e\u3067\u3059\u304c\u3001\u30d7\u30ed\u30d1\u30fc\u30ab\u30fc\u30c9\u306e\u4fdd\u6709\u679a\u6570\u306f7,280\u4e07\u30c9\u30eb\u3067\u3057\u305f\u3002\u524d\u5e74\u540c\u671f\u6bd4\u3067\u306f6\uff05\u5897\u3067\u3057\u305f\u3002\u79c1\u306f\u3061\u3087\u3046\u3069\u30e2\u30c7\u30eb\u3092\u632f\u308a\u8fd4\u3063\u3066\u3044\u305f\u3068\u3053\u308d\u3067\u3059\u3002<\/p>\n<p>2018\u5e74\u306b\u623b\u3063\u3066\u304b\u3089\u30016\uff05\u30a2\u30c3\u30d7\u306e\u56db\u534a\u671f\u306f\u898b\u3066\u3044\u306a\u3044\u3093\u3067\u3059\u3002\u3067\u306f\u3001\u305d\u306e\u30ab\u30fc\u30c9\u7372\u5f97\u52a0\u901f\u306e\u539f\u52d5\u529b\u306b\u3064\u3044\u3066\u3001\u5c11\u3057\u304a\u8a71\u3044\u305f\u3060\u3051\u307e\u3059\u304b\uff1f\u5177\u4f53\u7684\u306b\u306f\u3001\u30c7\u30eb\u30bf\u822a\u7a7a\u306e\u5171\u540c\u30d6\u30e9\u30f3\u30c9\u306e\u6210\u9577\u304c\u623b\u3063\u3066\u304d\u305f\u3088\u3046\u306a\u3001\u4e00\u6642\u7684\u306a\u3082\u306e\u306a\u306e\u3067\u3057\u3087\u3046\u304b\uff1f\u305d\u308c\u3068\u3082\u3001\u30ab\u30fc\u30c9\u8ffd\u52a0\u30de\u30fc\u30b1\u30c6\u30a3\u30f3\u30b0\u8cbb\u7528\u306e\u4e00\u90e8\u306b\u3064\u3044\u3066\u3001\u3088\u308a\u9ad8\u3044ROI\u304c\u5f97\u3089\u308c\u3066\u3044\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3057\u3087\u3046\u304b\u3002<\/p>\n<p>Jeff Campbell &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u306f\u3044\u3002<\/p>\n<p>\u30b9\u30c6\u30a3\u30fc\u30d6\u30fb\u30b9\u30af\u30a8\u30ea &#8212; \u4f1a\u9577\u517cCEO<\/p>\n<p>\u30ab\u30fc\u30c9\u8ffd\u52a0\u30de\u30fc\u30b1\u30c6\u30a3\u30f3\u30b0\u8cbb\u7528\u306eROI\u304c\u5c11\u3057\u9ad8\u304f\u306a\u3063\u3066\u3044\u308b\u3088\u3046\u3067\u3059\u3002\u305d\u3057\u3066\u3001\u5148\u307b\u3069\u3082\u7533\u3057\u4e0a\u3052\u305f\u3088\u3046\u306b\u3001\u30ab\u30fc\u30c9\u30d7\u30fc\u30eb\u306f\u62e1\u5927\u3057\u3066\u3044\u307e\u3059\u3002\u6d88\u8cbb\u8005\u30d9\u30fc\u30b9\u3060\u3051\u3067\u306a\u304f\u3001\u4e2d\u5c0f\u4f01\u696d\u30d9\u30fc\u30b9\u306b\u3082\u5e83\u304c\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u5148\u307b\u3069\u306e\u30b3\u30e1\u30f3\u30c8\u306b\u623b\u308a\u307e\u3059\u3002\u30df\u30ec\u30cb\u30a2\u30eb\u4e16\u4ee3\u3068Z\u4e16\u4ee3\u306f\u62e1\u5927\u3057\u3066\u3044\u307e\u3059\u3002\u4e2d\u5c0f\u4f01\u696d\u306e\u6570\u3082\u5897\u3048\u3066\u3044\u307e\u3059\u3002\u7b2c1\u56db\u534a\u671f\u306b\u306f\u3001\u79c1\u305f\u3061\u304c\u8003\u3048\u3066\u3044\u305f\u3088\u308a\u3082\u591a\u304f\u306e\u30ab\u30fc\u30c9\u3092\u5c0e\u5165\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u305f\u306e\u3067\u3001\u30c1\u30e3\u30f3\u30b9\u306f\u3042\u308b\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u3053\u306e\u5148\u3082\u30c1\u30e3\u30f3\u30b9\u306f\u3042\u308a\u307e\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u30ab\u30fc\u30c9\u57fa\u76e4\u3092\u62e1\u5927\u3059\u308b\u305f\u3081\u306e\u6295\u8cc7\u306f\u7d9a\u3051\u3066\u3044\u304d\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u79c1\u305f\u3061\u304c\u8003\u3048\u3066\u3044\u308b\u306e\u306f\u3001\u30ab\u30fc\u30c9\u3092\u5897\u3084\u305d\u3046\u3068\u3044\u3046\u3053\u3068\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u3064\u307e\u308a\u3001\u3053\u308c\u3089\u306e\u30ab\u30fc\u30c9\u306f\u79c1\u305f\u3061\u306e\u30ea\u30bf\u30fc\u30f3\u3092\u5727\u8feb\u3057\u3066\u3044\u308b\u306e\u3067\u3059\u3002<\/p>\n<p>\u3053\u308c\u3089\u306e\u30ab\u30fc\u30c9\u306e\u5927\u90e8\u5206\u306f\u6709\u6599\u30ab\u30fc\u30c9\u3067\u3059\u3002\u3057\u304b\u3057\u3001\u79c1\u306e\u30b3\u30e1\u30f3\u30c8\u304bJeff\u306e\u539f\u7a3f\u306b\u3042\u308b\u3088\u3046\u306b\u3001\u6d88\u8cbb\u8005\u306e\u89b3\u70b9\u304b\u3089\u7372\u5f97\u3057\u305f\u30ab\u30fc\u30c9\u306e60%\u306f\u30df\u30ec\u30cb\u30a2\u30eb\u4e16\u4ee3\u306e\u30ab\u30fc\u30c9\u3067\u3001\u3053\u308c\u306f50%\u5897\u52a0\u3057\u3066\u3044\u307e\u3059\u3002\u3064\u307e\u308a\u3001\u30df\u30ec\u30cb\u30a2\u30eb\u4e16\u4ee3\u3068\u30b8\u30a7\u30cd\u30ec\u30fc\u30b7\u30e7\u30f3\u30baZ\u306e\u89b3\u70b9\u3067\u3001\u3088\u308a\u591a\u304f\u306e\u30ab\u30fc\u30c9\u3092\u7372\u5f97\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3057\u3001\u4e2d\u5c0f\u4f01\u696d\u306e\u30ab\u30fc\u30c9\u3082\u3042\u308a\u307e\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u4eca\u3001\u79c1\u305f\u3061\u306f\u30ab\u30fc\u30c9\u306e\u6210\u9577\u306b\u306f\u624b\u3054\u305f\u3048\u3092\u611f\u3058\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u6765\u671f\u306f\u3069\u3046\u306a\u308b\u304b\u3068\u3044\u3046\u3068\u3001\u3053\u3053\u6570\u56db\u534a\u671f\u306f\u56db\u534a\u671f\u3054\u3068\u306b\u30ab\u30fc\u30c9\u304c\u4f38\u3073\u3066\u3044\u307e\u3059\u3002\u6628\u5e74\u306b\u5f15\u304d\u7d9a\u304d\u3001\u7b2c1\u56db\u534a\u671f\u306f\u76f8\u5bfe\u7684\u306b\u3001\u3042\u308b\u3044\u306f\u6bd4\u8f03\u5bfe\u8c61\u3068\u3057\u3066\u3001\u30ab\u30fc\u30c9\u306e\u4f38\u3073\u306f\u305d\u308c\u307b\u3069\u5927\u304d\u304f\u3042\u308a\u307e\u305b\u3093\u3067\u3057\u305f\u304c\u3001\u56db\u534a\u671f\u3054\u3068\u306b\u4e0a\u6607\u3092\u7d9a\u3051\u3066\u3044\u307e\u3059\u3002\u3053\u306e\u56db\u534a\u671f\u306b\u8d77\u3053\u3063\u305f\u3053\u3068\u306b\u3064\u3044\u3066\u306f\u3001\u79c1\u305f\u3061\u306f\u3068\u3066\u3082\u826f\u3044\u611f\u89e6\u3092\u5f97\u3066\u3044\u307e\u3059\u3002\u6765\u671f\u30826%\u306b\u306a\u308b\u306e\u3067\u3057\u3087\u3046\u304b\uff1f\u672c\u5f53\u306b\u308f\u304b\u308a\u307e\u305b\u3093\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u6700\u5f8c\u306e\u8cea\u554f\u306f\u3001\u30a6\u30a7\u30eb\u30ba\u30fb\u30d5\u30a1\u30fc\u30b4\u306e\u30c9\u30f3\u30fb\u30d5\u30a1\u30f3\u30c7\u30c3\u30c6\u30a3\u3055\u3093\u304b\u3089\u304a\u9858\u3044\u3057\u307e\u3059\u3002\u3069\u3046\u305e\u3002<\/p>\n<p>Don Fandetti &#8212; Wells Fargo Securities &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u4e09\u4e95\u4f4f\u53cb\u306e\u5834\u5408\u3001Capital One\u304c\u9650\u5ea6\u984d\u306a\u3057\u306e\u30b9\u30e2\u30fc\u30eb\u30d3\u30b8\u30cd\u30b9\u30ab\u30fc\u30c9\u3092\u8ca9\u58f2\u3057\u3066\u3044\u308b\u3053\u3068\u306b\u6c17\u3065\u304d\u307e\u3057\u305f\u3002\u3053\u308c\u306f\u3042\u306a\u305f\u306e\u79d8\u5bc6\u306e\u30bd\u30fc\u30b9\u3060\u3068\u601d\u3044\u307e\u3059\u304c\u3001\u3082\u3057\u305d\u308c\u304c\u91cd\u8981\u3060\u3068\u304a\u8003\u3048\u3067\u3057\u305f\u3089\u3001\u304a\u805e\u304b\u305b\u304f\u3060\u3055\u3044\u3002\u6700\u5f8c\u306b\u3001\u30d5\u30a3\u30f3\u30c6\u30c3\u30af\u306b\u3064\u3044\u3066\u3067\u3059\u304c\u3001Bill.com\u3084Coupa\u3068\u30d1\u30fc\u30c8\u30ca\u30fc\u30b7\u30c3\u30d7\u3092\u7d50\u3093\u3067\u3044\u308b\u306e\u306f\u77e5\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u3057\u304b\u3057\u3001\u3053\u308c\u3089\u306f\u5fa1\u793e\u306e\u30d3\u30b8\u30cd\u30b9\u306b\u3068\u3063\u3066\u4f55\u3089\u304b\u306e\u8105\u5a01\u3068\u306a\u308b\u306e\u3067\u3057\u3087\u3046\u304b\uff1f<\/p>\n<p>\u30b9\u30c6\u30a3\u30fc\u30d6\u30fb\u30b9\u30af\u30a8\u30ea &#8212; \u4f1a\u9577\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u3067\u306f\u3001\u3082\u30461\u70b9\u3060\u3051\u3001Lisa\u306b\u304a\u9858\u3044\u3057\u307e\u3059\u3002\u30ea\u30c6\u30f3\u30b7\u30e7\u30f3\u306f\u975e\u5e38\u306b\u6709\u52b9\u3067\u3059\u3002\u3053\u3053\u6570\u5e74\u3001\u5f53\u793e\u306e\u30ea\u30c6\u30f3\u30b7\u30e7\u30f3\u306f\u5927\u5e45\u306b\u5411\u4e0a\u3057\u3066\u3044\u307e\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u3082\u3057\u3042\u306a\u305f\u306e\u30d9\u30fc\u30b9\u306b\u6f0f\u308c\u304c\u3042\u308b\u3068\u3057\u305f\u3089\u3001\u305d\u306e\u6f0f\u308c\u306f\u304b\u306a\u308a\u5c0f\u3055\u304f\u306a\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u3053\u308c\u306f\u91cd\u8981\u306a\u3053\u3068\u3060\u3068\u601d\u3044\u307e\u3059\u3002\u30c9\u30f3\u3001\u30d5\u30a3\u30f3\u30c6\u30c3\u30af\u306b\u95a2\u3057\u3066\u306f\u3001\u79c1\u305f\u3061\u306b\u3082\u30c1\u30e3\u30f3\u30b9\u304c\u3042\u308b\u3068\u601d\u3044\u307e\u3059\u3002i2c\u3068\u306e\u30d1\u30fc\u30c8\u30ca\u30fc\u30b7\u30c3\u30d7\u306f\u3001\u3059\u3067\u306b\u30e9\u30c6\u30f3\u30a2\u30e1\u30ea\u30ab\u3067\u7d50\u3070\u308c\u3066\u3044\u307e\u3059\u3002\u3053\u308c\u306f\u3001\u30a2\u30e1\u30ea\u30ab\u30f3\u30fb\u30a8\u30ad\u30b9\u30d7\u30ec\u30b9\u3068\u63d0\u643a\u3057\u305f\u3044\u30d5\u30a3\u30f3\u30c6\u30c3\u30af\u4f01\u696d\u3092\u53d6\u308a\u8fbc\u3080\u3053\u3068\u3092\u5bb9\u6613\u306b\u3059\u308b\u3082\u306e\u3060\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>\u305d\u306e\u305f\u3081\u3001i2c\u3092\u5c0e\u5165\u3057\u3066\u3001\u4ed6\u306e\u4f01\u696d\u3068\u63d0\u643a\u3059\u308b\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u3002i2c\u3092\u5c0e\u5165\u3057\u3066\u30b0\u30ed\u30fc\u30d0\u30eb\u306b\u5c55\u958b\u3067\u304d\u308b\u3088\u3046\u306b\u306a\u3063\u305f\u3053\u3068\u3067\u3001\u79c1\u305f\u3061\u306e\u30a2\u30d7\u30ed\u30fc\u30c1\u3082\u53ef\u80fd\u306b\u306a\u308a\u307e\u3057\u305f\u3002\u3067\u3059\u304b\u3089\u3001\u79c1\u306f\u3053\u308c\u3092\u5fc5\u305a\u3057\u3082\u8105\u5a01\u3068\u306f\u8003\u3048\u3066\u3044\u307e\u305b\u3093\u3002\u3053\u308c\u306f\u79c1\u305f\u3061\u306b\u3068\u3063\u3066\u30c1\u30e3\u30f3\u30b9\u3060\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u8cea\u554f\u306e\u6700\u521d\u306e\u90e8\u5206\u306f\u4f55\u3067\u3059\u304b\u3001\u30c9\u30f3\uff1f\u30ad\u30e3\u30c3\u30d71\u3001\u7121\u5236\u9650\u3002\u30ce\u30fc\u30ea\u30df\u30c3\u30c8\u304c\u4f55\u306a\u306e\u304b&#8230;&#8230;\u672c\u5f53\u306b\u77e5\u3089\u306a\u3044\u3093\u3067\u3059\u3002\u3060\u304b\u3089\u3001\u5f7c\u3089\u304c\u3084\u3063\u305f\u3053\u3068\u306f\u3001\u3042\u3089\u304b\u3058\u3081\u652f\u51fa\u5236\u9650\u3092\u8a2d\u3051\u306a\u3044\u3068\u3044\u3046\u3053\u3068\u3060\u3068\u601d\u3044\u307e\u3059\u304c\u3001&#8211;\u3053\u3053\u3067\u8efd\u53e3\u3092\u53e9\u3044\u3066\u3044\u308b\u308f\u3051\u3067\u306f\u306a\u3044\u306e\u3067\u3059\u304c\u3001\u3042\u3089\u304b\u3058\u3081\u652f\u51fa\u5236\u9650\u3092\u8a2d\u3051\u306a\u3044\u3068\u3044\u3046\u306e\u304c\u3069\u3046\u3044\u3046\u3053\u3068\u306a\u306e\u304b\u3001\u79c1\u306b\u306f\u308f\u304b\u3089\u306a\u3044\u3093\u3067\u3059\u3002\u3060\u304b\u3089\u3001\u305d\u308c\u304c\u3069\u3046\u306a\u308b\u304b\u306f\u3053\u308c\u304b\u3089\u3067\u3059\u3002<\/p>\n<p>\u7e70\u308a\u8fd4\u3057\u306b\u306a\u308a\u307e\u3059\u304c\u3001\u3053\u306e\u4f1a\u793e\u306f\u672c\u5f53\u306b\u3044\u3044\u4f1a\u793e\u3067\u3059\u3002\u305f\u304f\u3055\u3093\u306e\u6210\u529f\u3092\u53ce\u3081\u3001\u975e\u5e38\u306b\u624b\u3054\u308f\u3044\u7af6\u4e89\u76f8\u624b\u3067\u3059\u3002\u3053\u306e\u3088\u3046\u306a\u9053\u3092\u6b69\u3080\u306e\u306f\u540c\u793e\u304c\u521d\u3081\u3066\u3067\u3001\u4eca\u5f8c\u3069\u306e\u3088\u3046\u306a\u5c55\u958b\u306b\u306a\u308b\u306e\u304b\u3001\u898b\u5b88\u308a\u305f\u3044\u3068\u601d\u3044\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u4ed6\u306e\u4f01\u696d\u3068\u540c\u3058\u3088\u3046\u306b\u3001\u79c1\u305f\u3061\u3082\u5f7c\u3089\u306e\u3053\u3068\u3092\u3068\u3066\u3082\u5927\u5207\u306b\u601d\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u305d\u3046\u3001\u3053\u308c\u306f\u79c1\u305f\u3061\u306e\u79d8\u4f1d\u306e\u30bf\u30ec\u306e\u4e00\u90e8\u3067\u3042\u308a\u3001\u3044\u305a\u308c\u308f\u304b\u308b\u3053\u3068\u3067\u3059\u3002\u7b2c1\u56db\u534a\u671f\u306e\u7d50\u679c\u3092\u898b\u308b\u3068\u3001\u4e2d\u5c0f\u4f01\u696d\u306e\u89b3\u70b9\u304b\u308930%\u306e\u4f38\u3073\u3092\u793a\u3057\u3066\u3044\u307e\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u73fe\u6642\u70b9\u3067\u306f\u3001\u30b9\u30e2\u30fc\u30eb\u30d3\u30b8\u30cd\u30b9\u306b\u3064\u3044\u3066\u306f\u304b\u306a\u308a\u826f\u3044\u611f\u89e6\u3092\u5f97\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u30b8\u30a7\u30d5\u30fb\u30ad\u30e3\u30f3\u30d9\u30eb &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u30d3\u30b8\u30cd\u30b9\u30fb\u30d7\u30e9\u30c1\u30ca\u306e\u56db\u534a\u671f\u696d\u7e3e\u306f\u8a18\u9332\u7684\u3067\u3057\u305f\u3002<\/p>\n<p>Steve Squeri &#8212; \u4f1a\u9577\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\uff08CEO<\/p>\n<p>\u8cb7\u53ce\u3067\u3059\u306d\u3002<\/p>\n<p>Jeff Campbell &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005\uff08CFO<\/p>\n<p>\u306f\u3044\u3002<\/p>\n<p>Vivian Zhou &#8212; \u30a4\u30f3\u30d9\u30b9\u30bf\u30fc\u30fb\u30ea\u30ec\u30fc\u30b7\u30e7\u30f3\u30ba\u306e\u8cac\u4efb\u8005<\/p>\n<p>\u7d20\u6674\u3089\u3057\u3044\u3002\u3053\u308c\u3092\u3082\u3061\u307e\u3057\u3066\u3001\u901a\u8a71\u3092\u7d42\u4e86\u3055\u305b\u3066\u3044\u305f\u3060\u304d\u307e\u3059\u3002\u672c\u65e5\u306e\u96fb\u8a71\u4f1a\u8b70\u306b\u3054\u53c2\u52a0\u3044\u305f\u3060\u304d\u3001\u307e\u305f\u3001\u30a2\u30e1\u30ea\u30ab\u30f3\u30fb\u30a8\u30ad\u30b9\u30d7\u30ec\u30b9\u306b\u5f15\u304d\u7d9a\u304d\u3054\u95a2\u5fc3\u3092\u304a\u5bc4\u305b\u3044\u305f\u3060\u304d\u3001\u8aa0\u306b\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u5f15\u304d\u7d9a\u304d\u3001\u3054\u8cea\u554f\u7b49\u3054\u3056\u3044\u307e\u3057\u305f\u3089\u3001IR\u30c1\u30fc\u30e0\u304c\u627f\u308a\u307e\u3059\u3002<\/p>\n<p>\u30a2\u30e9\u30f3\u3001\u305d\u308c\u3067\u306f\u307e\u305f\u3002<\/p>\n<p>&nbsp;<\/p>\n<p>\u4ee5\u4e0a\u3067\u3059\u3002\u4ed6\u306e\u7ffb\u8a33\u5e0c\u671b\u304c\u3042\u308c\u3070\u3054\u9023\u7d61\u3044\u305f\u3060\u3051\u308c\u3070\u691c\u8a0e\u3044\u305f\u3057\u307e\u3059\u3002<\/p>\n<p>\uff0a\u8aa4\u8a33\u306a\u3069\u304c\u3042\u308b\u304b\u3082\u3057\u308c\u307e\u305b\u3093\u3067\u306e\u53c2\u8003\u7a0b\u5ea6\u306b\u3057\u3066\u3044\u305f\u3060\u304d\u6295\u8cc7\u306f\u81ea\u5df1\u5224\u65ad\u3067\u304a\u9858\u3044\u3057\u307e\u3059\u3002<\/p>\n<p>\u30d6\u30ed\u30b0\u904b\u55b6\u306e\u52b1\u307f\u306b\u306a\u308a\u307e\u3059\u306e\u3067\u3001\u304a\u624b\u6570\u3067\u3059\u304c\u3001\u5fdc\u63f4\u306e\uff11\u65e5\uff11\u30af\u30ea\u30c3\u30af\u3092\u3088\u308d\u3057\u304f\u304a\u9858\u3044\u81f4\u3057\u307e\u3059\u3002<\/p>\n<p>\u2193\u2193\uff1c\u5fdc\u63f4\u30af\u30ea\u30c3\u30af\u304a\u9858\u3044\u3057\u307e\u3059\uff1e<\/p>\n<p><a href=\"https:\/\/stock.blogmura.com\/ranking\/in?p_cid=11122923\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/b.blogmura.com\/stock\/88_31.gif\" alt=\"\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751 \u682a\u30d6\u30ed\u30b0\u3078\" width=\"88\" height=\"31\" border=\"0\"><\/a><br \/>\n<a href=\"https:\/\/stock.blogmura.com\/ranking\/in?p_cid=11122923\" target=\"_blank\" rel=\"noopener\">\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751<\/a><\/p>\n<p><a href=\"https:\/\/stock.blogmura.com\/stockinfo\/ranking\/in?p_cid=11122923\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/b.blogmura.com\/stock\/stockinfo\/88_31.gif\" alt=\"\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751 \u682a\u30d6\u30ed\u30b0 \u682a\u5f0f\u6295\u8cc7\u60c5\u5831\u3078\" width=\"88\" height=\"31\" border=\"0\"><\/a><br \/>\n<a href=\"https:\/\/stock.blogmura.com\/stockinfo\/ranking\/in?p_cid=11122923\" target=\"_blank\" rel=\"noopener\">\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751<\/a><\/p>\n<p><a href=\"https:\/\/stock.blogmura.com\/americastock\/ranking\/in?p_cid=11122923\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/b.blogmura.com\/stock\/americastock\/88_31.gif\" alt=\"\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751 \u682a\u30d6\u30ed\u30b0 \u7c73\u56fd\u682a\u3078\" width=\"88\" height=\"31\" border=\"0\"><\/a><br \/>\n<a href=\"https:\/\/stock.blogmura.com\/americastock\/ranking\/in?p_cid=11122923\" target=\"_blank\" rel=\"noopener\">\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751<\/a><\/p>\n<p><a href=\"https:\/\/stock.blogmura.com\/tenbagger\/ranking\/in?p_cid=11122923\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/b.blogmura.com\/stock\/tenbagger\/88_31.gif\" alt=\"\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751 \u682a\u30d6\u30ed\u30b0 \u30c6\u30f3\u30d0\u30ac\u30fc\u3078\" width=\"88\" height=\"31\" border=\"0\"><\/a><br \/>\n<a href=\"https:\/\/stock.blogmura.com\/tenbagger\/ranking\/in?p_cid=11122923\" target=\"_blank\" rel=\"noopener\">\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u30a2\u30e1\u30ea\u30ab\u30f3\u30fb\u30a8\u30ad\u30b9\u30d7\u30ec\u30b9 ( NYSE:AXP)2022\u5e74\u7b2c1\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a\u306e\u65e5\u672c\u8a9e\u8a33\u3067\u3059\u3002 \u58f2\u4e0a\u9ad8\u30fbEPS\u3068\u3082\u306b\u30af\u30ea\u30a2\u3067\u826f\u304b\u3063\u305f\u3067\u3059\u304c\u30ac\u30a4\u30c0\u30f3\u30b9\u306f\u5f31\u3081\u3067\u3057\u305f\u306d\u3002\u65c5\u884c\u9700\u8981\u306e\u9ad8\u307e\u308a\u7b49\u3067\u671f\u5f85\u306f\u3057\u3066\u3044\u307e\u3059\u3002 \u3057\u304b\u3057\u3001\u30a4\u30f3\u30d5\u30ec &#8230; <\/p>\n","protected":false},"author":1,"featured_media":486,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[221,218,603,76,105,83],"class_list":{"0":"post-1381","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-72","8":"tag-axp","9":"tag-218","10":"tag-603","11":"tag-76","12":"tag-105","13":"tag-83"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>\u3010\u7ffb\u8a33\u3011\u30a2\u30e1\u30ea\u30ab\u30f3\u30fb\u30a8\u30ad\u30b9\u30d7\u30ec\u30b9 ( NYSE:AXP)2022\u5e74\u7b2c1\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a &#8211; \u682a\u5f0f\u6295\u8cc7\u30921up\u3059\u308b\u30d6\u30ed\u30b0<\/title>\n<meta name=\"description\" content=\"\u30a2\u30e1\u30ea\u30ab\u30f3\u30fb\u30a8\u30ad\u30b9\u30d7\u30ec\u30b9 ( NYSE:AXP)2022\u5e74\u7b2c1\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a\u306e\u65e5\u672c\u8a9e\u8a33\u3067\u3059\u3002\" \/>\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=1381\" \/>\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\u30a2\u30e1\u30ea\u30ab\u30f3\u30fb\u30a8\u30ad\u30b9\u30d7\u30ec\u30b9 ( NYSE:AXP)2022\u5e74\u7b2c1\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a &#8211; \u682a\u5f0f\u6295\u8cc7\u30921up\u3059\u308b\u30d6\u30ed\u30b0\" \/>\n<meta property=\"og:description\" content=\"\u30a2\u30e1\u30ea\u30ab\u30f3\u30fb\u30a8\u30ad\u30b9\u30d7\u30ec\u30b9 ( NYSE:AXP)2022\u5e74\u7b2c1\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a\u306e\u65e5\u672c\u8a9e\u8a33\u3067\u3059\u3002\" \/>\n<meta property=\"og:url\" content=\"https:\/\/1up-life.blog\/?p=1381\" \/>\n<meta property=\"og:site_name\" content=\"\u682a\u5f0f\u6295\u8cc7\u30921up\u3059\u308b\u30d6\u30ed\u30b0\" \/>\n<meta property=\"article:published_time\" content=\"2022-04-24T11:57:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/1up-life.blog\/wp-content\/uploads\/2021\/10\/AXP.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"1198\" \/>\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=\"2\u5206\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/1up-life.blog\\\/?p=1381#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/1up-life.blog\\\/?p=1381\"},\"author\":{\"name\":\"\u3059\u3051\u307d\u3093\",\"@id\":\"https:\\\/\\\/1up-life.blog\\\/#\\\/schema\\\/person\\\/1706c8f6d05b86f64e59045d776dc7b9\"},\"headline\":\"\u3010\u7ffb\u8a33\u3011\u30a2\u30e1\u30ea\u30ab\u30f3\u30fb\u30a8\u30ad\u30b9\u30d7\u30ec\u30b9 ( NYSE:AXP)2022\u5e74\u7b2c1\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a\",\"datePublished\":\"2022-04-24T11:57:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/1up-life.blog\\\/?p=1381\"},\"wordCount\":420,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/1up-life.blog\\\/#\\\/schema\\\/person\\\/1706c8f6d05b86f64e59045d776dc7b9\"},\"image\":{\"@id\":\"https:\\\/\\\/1up-life.blog\\\/?p=1381#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/1up-life.blog\\\/wp-content\\\/uploads\\\/2021\\\/10\\\/AXP.png\",\"keywords\":[\"AXP\",\"\u30a2\u30e1\u30c3\u30af\u30b9\",\"\u30a2\u30e1\u30ea\u30ab\u30f3\u30fb\u30a8\u30ad\u30b9\u30d7\u30ec\u30b9\",\"\u30ab\u30f3\u30d5\u30a1\u30ec\u30f3\u30b9\u30b3\u30fc\u30eb\",\"\u6c7a\u7b97\",\"\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=1381#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/1up-life.blog\\\/?p=1381\",\"url\":\"https:\\\/\\\/1up-life.blog\\\/?p=1381\",\"name\":\"\u3010\u7ffb\u8a33\u3011\u30a2\u30e1\u30ea\u30ab\u30f3\u30fb\u30a8\u30ad\u30b9\u30d7\u30ec\u30b9 ( NYSE:AXP)2022\u5e74\u7b2c1\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a &#8211; \u682a\u5f0f\u6295\u8cc7\u30921up\u3059\u308b\u30d6\u30ed\u30b0\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/1up-life.blog\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/1up-life.blog\\\/?p=1381#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/1up-life.blog\\\/?p=1381#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/1up-life.blog\\\/wp-content\\\/uploads\\\/2021\\\/10\\\/AXP.png\",\"datePublished\":\"2022-04-24T11:57:32+00:00\",\"description\":\"\u30a2\u30e1\u30ea\u30ab\u30f3\u30fb\u30a8\u30ad\u30b9\u30d7\u30ec\u30b9 ( NYSE:AXP)2022\u5e74\u7b2c1\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a\u306e\u65e5\u672c\u8a9e\u8a33\u3067\u3059\u3002\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/1up-life.blog\\\/?p=1381#breadcrumb\"},\"inLanguage\":\"ja\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/1up-life.blog\\\/?p=1381\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"ja\",\"@id\":\"https:\\\/\\\/1up-life.blog\\\/?p=1381#primaryimage\",\"url\":\"https:\\\/\\\/1up-life.blog\\\/wp-content\\\/uploads\\\/2021\\\/10\\\/AXP.png\",\"contentUrl\":\"https:\\\/\\\/1up-life.blog\\\/wp-content\\\/uploads\\\/2021\\\/10\\\/AXP.png\",\"width\":1200,\"height\":1198},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/1up-life.blog\\\/?p=1381#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"\u30db\u30fc\u30e0\",\"item\":\"https:\\\/\\\/1up-life.blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"\u3010\u7ffb\u8a33\u3011\u30a2\u30e1\u30ea\u30ab\u30f3\u30fb\u30a8\u30ad\u30b9\u30d7\u30ec\u30b9 ( NYSE:AXP)2022\u5e74\u7b2c1\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/1up-life.blog\\\/#website\",\"url\":\"https:\\\/\\\/1up-life.blog\\\/\",\"name\":\"\u7c73\u56fd\u682a\u30921up\u3059\u308b\u30d6\u30ed\u30b0\",\"description\":\"\u4e3b\u306b\u7c73\u56fd\u682a\u306e\u6c7a\u7b97\u60c5\u5831\u3084\u6295\u8cc7\u306b\u3064\u3044\u3066\u7d39\u4ecb\u3057\u3066\u3044\u304d\u307e\u3059\u3002\u305f\u307e\u306b\u65e5\u672c\u682a\u3067\u3082\u8208\u5473\u304c\u3042\u308b\u3053\u3068\u3092\u66f8\u3044\u3066\u3044\u304d\u307e\u3059\u3002\",\"publisher\":{\"@id\":\"https:\\\/\\\/1up-life.blog\\\/#\\\/schema\\\/person\\\/1706c8f6d05b86f64e59045d776dc7b9\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/1up-life.blog\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"ja\"},{\"@type\":[\"Person\",\"Organization\"],\"@id\":\"https:\\\/\\\/1up-life.blog\\\/#\\\/schema\\\/person\\\/1706c8f6d05b86f64e59045d776dc7b9\",\"name\":\"\u3059\u3051\u307d\u3093\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"ja\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/12c497be8a6e2d3e908d0bd22f4fec4ba47c4da19b8458040d8040e22dd0ef49?s=96&d=monsterid&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/12c497be8a6e2d3e908d0bd22f4fec4ba47c4da19b8458040d8040e22dd0ef49?s=96&d=monsterid&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/12c497be8a6e2d3e908d0bd22f4fec4ba47c4da19b8458040d8040e22dd0ef49?s=96&d=monsterid&r=g\",\"caption\":\"\u3059\u3051\u307d\u3093\"},\"logo\":{\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/12c497be8a6e2d3e908d0bd22f4fec4ba47c4da19b8458040d8040e22dd0ef49?s=96&d=monsterid&r=g\"},\"sameAs\":[\"https:\\\/\\\/1up-life.blog\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"\u3010\u7ffb\u8a33\u3011\u30a2\u30e1\u30ea\u30ab\u30f3\u30fb\u30a8\u30ad\u30b9\u30d7\u30ec\u30b9 ( NYSE:AXP)2022\u5e74\u7b2c1\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a &#8211; \u682a\u5f0f\u6295\u8cc7\u30921up\u3059\u308b\u30d6\u30ed\u30b0","description":"\u30a2\u30e1\u30ea\u30ab\u30f3\u30fb\u30a8\u30ad\u30b9\u30d7\u30ec\u30b9 ( NYSE:AXP)2022\u5e74\u7b2c1\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a\u306e\u65e5\u672c\u8a9e\u8a33\u3067\u3059\u3002","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=1381","og_locale":"ja_JP","og_type":"article","og_title":"\u3010\u7ffb\u8a33\u3011\u30a2\u30e1\u30ea\u30ab\u30f3\u30fb\u30a8\u30ad\u30b9\u30d7\u30ec\u30b9 ( NYSE:AXP)2022\u5e74\u7b2c1\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a &#8211; \u682a\u5f0f\u6295\u8cc7\u30921up\u3059\u308b\u30d6\u30ed\u30b0","og_description":"\u30a2\u30e1\u30ea\u30ab\u30f3\u30fb\u30a8\u30ad\u30b9\u30d7\u30ec\u30b9 ( NYSE:AXP)2022\u5e74\u7b2c1\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a\u306e\u65e5\u672c\u8a9e\u8a33\u3067\u3059\u3002","og_url":"https:\/\/1up-life.blog\/?p=1381","og_site_name":"\u682a\u5f0f\u6295\u8cc7\u30921up\u3059\u308b\u30d6\u30ed\u30b0","article_published_time":"2022-04-24T11:57:32+00:00","og_image":[{"width":1200,"height":1198,"url":"https:\/\/1up-life.blog\/wp-content\/uploads\/2021\/10\/AXP.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":"2\u5206"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/1up-life.blog\/?p=1381#article","isPartOf":{"@id":"https:\/\/1up-life.blog\/?p=1381"},"author":{"name":"\u3059\u3051\u307d\u3093","@id":"https:\/\/1up-life.blog\/#\/schema\/person\/1706c8f6d05b86f64e59045d776dc7b9"},"headline":"\u3010\u7ffb\u8a33\u3011\u30a2\u30e1\u30ea\u30ab\u30f3\u30fb\u30a8\u30ad\u30b9\u30d7\u30ec\u30b9 ( NYSE:AXP)2022\u5e74\u7b2c1\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a","datePublished":"2022-04-24T11:57:32+00:00","mainEntityOfPage":{"@id":"https:\/\/1up-life.blog\/?p=1381"},"wordCount":420,"commentCount":0,"publisher":{"@id":"https:\/\/1up-life.blog\/#\/schema\/person\/1706c8f6d05b86f64e59045d776dc7b9"},"image":{"@id":"https:\/\/1up-life.blog\/?p=1381#primaryimage"},"thumbnailUrl":"https:\/\/1up-life.blog\/wp-content\/uploads\/2021\/10\/AXP.png","keywords":["AXP","\u30a2\u30e1\u30c3\u30af\u30b9","\u30a2\u30e1\u30ea\u30ab\u30f3\u30fb\u30a8\u30ad\u30b9\u30d7\u30ec\u30b9","\u30ab\u30f3\u30d5\u30a1\u30ec\u30f3\u30b9\u30b3\u30fc\u30eb","\u6c7a\u7b97","\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=1381#respond"]}]},{"@type":"WebPage","@id":"https:\/\/1up-life.blog\/?p=1381","url":"https:\/\/1up-life.blog\/?p=1381","name":"\u3010\u7ffb\u8a33\u3011\u30a2\u30e1\u30ea\u30ab\u30f3\u30fb\u30a8\u30ad\u30b9\u30d7\u30ec\u30b9 ( NYSE:AXP)2022\u5e74\u7b2c1\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a &#8211; \u682a\u5f0f\u6295\u8cc7\u30921up\u3059\u308b\u30d6\u30ed\u30b0","isPartOf":{"@id":"https:\/\/1up-life.blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/1up-life.blog\/?p=1381#primaryimage"},"image":{"@id":"https:\/\/1up-life.blog\/?p=1381#primaryimage"},"thumbnailUrl":"https:\/\/1up-life.blog\/wp-content\/uploads\/2021\/10\/AXP.png","datePublished":"2022-04-24T11:57:32+00:00","description":"\u30a2\u30e1\u30ea\u30ab\u30f3\u30fb\u30a8\u30ad\u30b9\u30d7\u30ec\u30b9 ( NYSE:AXP)2022\u5e74\u7b2c1\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a\u306e\u65e5\u672c\u8a9e\u8a33\u3067\u3059\u3002","breadcrumb":{"@id":"https:\/\/1up-life.blog\/?p=1381#breadcrumb"},"inLanguage":"ja","potentialAction":[{"@type":"ReadAction","target":["https:\/\/1up-life.blog\/?p=1381"]}]},{"@type":"ImageObject","inLanguage":"ja","@id":"https:\/\/1up-life.blog\/?p=1381#primaryimage","url":"https:\/\/1up-life.blog\/wp-content\/uploads\/2021\/10\/AXP.png","contentUrl":"https:\/\/1up-life.blog\/wp-content\/uploads\/2021\/10\/AXP.png","width":1200,"height":1198},{"@type":"BreadcrumbList","@id":"https:\/\/1up-life.blog\/?p=1381#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"\u30db\u30fc\u30e0","item":"https:\/\/1up-life.blog\/"},{"@type":"ListItem","position":2,"name":"\u3010\u7ffb\u8a33\u3011\u30a2\u30e1\u30ea\u30ab\u30f3\u30fb\u30a8\u30ad\u30b9\u30d7\u30ec\u30b9 ( NYSE:AXP)2022\u5e74\u7b2c1\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a"}]},{"@type":"WebSite","@id":"https:\/\/1up-life.blog\/#website","url":"https:\/\/1up-life.blog\/","name":"\u7c73\u56fd\u682a\u30921up\u3059\u308b\u30d6\u30ed\u30b0","description":"\u4e3b\u306b\u7c73\u56fd\u682a\u306e\u6c7a\u7b97\u60c5\u5831\u3084\u6295\u8cc7\u306b\u3064\u3044\u3066\u7d39\u4ecb\u3057\u3066\u3044\u304d\u307e\u3059\u3002\u305f\u307e\u306b\u65e5\u672c\u682a\u3067\u3082\u8208\u5473\u304c\u3042\u308b\u3053\u3068\u3092\u66f8\u3044\u3066\u3044\u304d\u307e\u3059\u3002","publisher":{"@id":"https:\/\/1up-life.blog\/#\/schema\/person\/1706c8f6d05b86f64e59045d776dc7b9"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/1up-life.blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"ja"},{"@type":["Person","Organization"],"@id":"https:\/\/1up-life.blog\/#\/schema\/person\/1706c8f6d05b86f64e59045d776dc7b9","name":"\u3059\u3051\u307d\u3093","image":{"@type":"ImageObject","inLanguage":"ja","@id":"https:\/\/secure.gravatar.com\/avatar\/12c497be8a6e2d3e908d0bd22f4fec4ba47c4da19b8458040d8040e22dd0ef49?s=96&d=monsterid&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/12c497be8a6e2d3e908d0bd22f4fec4ba47c4da19b8458040d8040e22dd0ef49?s=96&d=monsterid&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/12c497be8a6e2d3e908d0bd22f4fec4ba47c4da19b8458040d8040e22dd0ef49?s=96&d=monsterid&r=g","caption":"\u3059\u3051\u307d\u3093"},"logo":{"@id":"https:\/\/secure.gravatar.com\/avatar\/12c497be8a6e2d3e908d0bd22f4fec4ba47c4da19b8458040d8040e22dd0ef49?s=96&d=monsterid&r=g"},"sameAs":["https:\/\/1up-life.blog"]}]}},"_links":{"self":[{"href":"https:\/\/1up-life.blog\/index.php?rest_route=\/wp\/v2\/posts\/1381","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=1381"}],"version-history":[{"count":1,"href":"https:\/\/1up-life.blog\/index.php?rest_route=\/wp\/v2\/posts\/1381\/revisions"}],"predecessor-version":[{"id":1383,"href":"https:\/\/1up-life.blog\/index.php?rest_route=\/wp\/v2\/posts\/1381\/revisions\/1383"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/1up-life.blog\/index.php?rest_route=\/wp\/v2\/media\/486"}],"wp:attachment":[{"href":"https:\/\/1up-life.blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1381"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1up-life.blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1381"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1up-life.blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1381"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}