{"id":1542,"date":"2022-05-18T06:11:54","date_gmt":"2022-05-17T21:11:54","guid":{"rendered":"https:\/\/1up-life.blog\/?p=1542"},"modified":"2022-05-18T06:13:42","modified_gmt":"2022-05-17T21:13:42","slug":"%e3%83%9b%e3%83%bc%e3%83%a0%e3%83%87%e3%83%9d-nysehd2022%e5%b9%b4%e7%ac%ac1%e5%9b%9b%e5%8d%8a%e6%9c%9f%e6%b1%ba%e7%ae%97%e8%aa%ac%e6%98%8e%e4%bc%9a","status":"publish","type":"post","link":"https:\/\/1up-life.blog\/?p=1542","title":{"rendered":"\u30db\u30fc\u30e0\u30c7\u30dd (NYSE:HD)2022\u5e74\u7b2c1\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a"},"content":{"rendered":"<p>\u30db\u30fc\u30e0\u30c7\u30dd (NYSE:HD)2022\u5e74\u7b2c1\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a\u306e\u65e5\u672c\u8a9e\u8a33\u3067\u3059\u3002<\/p>\n<p>\u682a\u4fa1\u306f\u8abf\u6574\u4e2d\u3067\u3059\u304c\u6c7a\u7b97\u304c\u3088\u304f\u53cd\u767a\u3057\u307e\u3057\u305f\u306d\u3002\u901a\u671f\u898b\u901a\u3057\u3082\u4e0a\u65b9\u4fee\u6b63\u3057\u9700\u8981\u306f\u5f37\u3044\u3088\u3046\u3067\u3059\u3002<\/p>\n<p>\u30a4\u30f3\u30d5\u30ec\u3084\u30b3\u30b9\u30c8\u5897\u3082\u3042\u308a\u53b3\u3057\u3044\u3068\u601d\u3063\u3066\u3044\u307e\u3057\u305f\u306e\u3067\u9a5a\u304d\u3067\u3059\u3002<\/p>\n<div id=\"attachment_1543\" style=\"width: 1488px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1543\" class=\"wp-image-1543 size-full\" src=\"https:\/\/1up-life.blog\/wp-content\/uploads\/2022\/05\/HD_2022-05-18_06-07-37.png\" alt=\"\u30db\u30fc\u30e0\u30c7\u30dd (NYSE:HD)\u682a\u4fa1\" width=\"1478\" height=\"816\" srcset=\"https:\/\/1up-life.blog\/wp-content\/uploads\/2022\/05\/HD_2022-05-18_06-07-37.png 1478w, https:\/\/1up-life.blog\/wp-content\/uploads\/2022\/05\/HD_2022-05-18_06-07-37-300x166.png 300w, https:\/\/1up-life.blog\/wp-content\/uploads\/2022\/05\/HD_2022-05-18_06-07-37-1024x565.png 1024w, https:\/\/1up-life.blog\/wp-content\/uploads\/2022\/05\/HD_2022-05-18_06-07-37-768x424.png 768w, https:\/\/1up-life.blog\/wp-content\/uploads\/2022\/05\/HD_2022-05-18_06-07-37-940x519.png 940w\" sizes=\"auto, (max-width: 1478px) 100vw, 1478px\" \/><p id=\"caption-attachment-1543\" class=\"wp-caption-text\">\u30db\u30fc\u30e0\u30c7\u30dd (NYSE:HD)\u682a\u4fa1<\/p><\/div>\n<p class=\"hh hh3 main-bdr\"><span class=\"big\"><strong>\u30db\u30fc\u30e0\u30c7\u30dd (NYSE:HD)2022\u5e74\u7b2c1\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a<\/strong><\/span><\/p>\n<p>Call participants:<br \/>\nIsabel Janci &#8212; Vice President, Investor Relations<br \/>\nTed Decker &#8212; Chief Operating Officer<br \/>\nJeff Kinnaird &#8212; Executive Vice President, Merchandising<br \/>\nRichard McPhail &#8212; Executive Vice President and Chief Financial Officer<br \/>\nMichael Lasser &#8212; UBS &#8212; Analyst<br \/>\nSimeon Gutman &#8212; Morgan Stanley &#8212; Analyst<br \/>\nMichael Baker &#8212; D.A. Davidson &#8212; Analyst<br \/>\nChris Horvers &#8212; J.P. Morgan &#8212; Analyst<br \/>\nScot Ciccarelli &#8212; Truist Securities &#8212; Analyst<br \/>\nHector Padilla &#8212; Executive Vice President, Outside Sales and Service<br \/>\nKaren Short &#8212; Barclays &#8212; Analyst<br \/>\nZach Fadem &#8212; Wells Fargo Securities &#8212; Analyst<br \/>\nSteven Zaccone &#8212; Citi &#8212; Analyst<br \/>\nChuck Grom &#8212; Gordon Haskett Research Advisors &#8212; Analyst<br \/>\nMore HD analysis<\/p>\n<p>2022\u5e745\u670817\u65e5\u5348\u524d9\u664200\u5206<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u30db\u30fc\u30e0\u30fb\u30c7\u30dd\u306e2022\u5e74\u7b2c1\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a\u306b\u3088\u3046\u3053\u305d\u3002[\u3053\u306e\u4f1a\u8b70\u306f\u9332\u97f3\u3055\u308c\u3066\u3044\u307e\u3059\u3002\u305d\u308c\u3067\u306f\u3001\u53f8\u4f1a\u306e\u30a4\u30b6\u30d9\u30eb\u30fb\u30b8\u30e3\u30f3\u30c1\u3092\u3054\u7d39\u4ecb\u3057\u307e\u3059\u3002\u3069\u3046\u305e\u3088\u308d\u3057\u304f\u304a\u9858\u3044\u3057\u307e\u3059\u3002<\/p>\n<p>\u30a4\u30b6\u30d9\u30eb\u30fb\u30e4\u30f3\u30c1\u30fc &#8212; \u30a4\u30f3\u30d9\u30b9\u30bf\u30fc\u30fb\u30ea\u30ec\u30fc\u30b7\u30e7\u30f3\u30ba\u62c5\u5f53\u526f\u793e\u9577<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u30af\u30ea\u30b9\u30c6\u30a3\u30fc\u30f3 \u305d\u3057\u3066\u7686\u3055\u3093\u304a\u306f\u3088\u3046\u3054\u3056\u3044\u307e\u3059 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\/>\n\u3054\u8cea\u554f\u306f\u3001\u30a2\u30ca\u30ea\u30b9\u30c8\u304a\u3088\u3073\u6295\u8cc7\u5bb6\u306e\u7686\u69d8\u306b\u9650\u3089\u305b\u3066\u3044\u305f\u3060\u304d\u307e\u3059\u3002[\u3054\u8cea\u554f\u306e\u3042\u308b\u65b9\u306f\u3001\u6295\u8cc7\u5bb6\u5411\u3051\u96fb\u8a71\u756a\u53f7(770) 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\/>\n\u3053\u308c\u3089\u306e\u30ea\u30b9\u30af\u304a\u3088\u3073\u4e0d\u78ba\u5b9f\u6027\u306b\u306f\u3001\u30d7\u30ec\u30b9\u30ea\u30ea\u30fc\u30b9\u304a\u3088\u3073\u7c73\u56fd\u8a3c\u5238\u53d6\u5f15\u59d4\u54e1\u4f1a\u3078\u306e\u63d0\u51fa\u66f8\u985e\u306b\u8a18\u8f09\u3055\u308c\u3066\u3044\u308b\u3082\u306e\u304c\u542b\u307e\u308c\u307e\u3059\u304c\u3001\u3053\u308c\u3089\u306b\u9650\u5b9a\u3055\u308c\u308b\u3082\u306e\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u672c\u65e5\u306e\u30d7\u30ec\u30bc\u30f3\u30c6\u30fc\u30b7\u30e7\u30f3\u3067\u306f\u3001\u7279\u5b9a\u306e\u975eGAAP\u6307\u6a19\u3082\u4f7f\u7528\u3055\u308c\u307e\u3059\u3002\u3053\u308c\u3089\u306e\u6307\u6a19\u306e\u8abf\u6574\u8868\u306f\u5f53\u793e\u30a6\u30a7\u30d6\u30b5\u30a4\u30c8\u306b\u63b2\u8f09\u3055\u308c\u3066\u3044\u307e\u3059\u3002\u3067\u306f\u3001\u30c6\u30c3\u30c9\u306b\u96fb\u8a71\u3092\u3064\u306a\u304e\u307e\u3059\u3002<\/p>\n<p>\u30c6\u30c3\u30c9\u30fb\u30c7\u30c3\u30ab\u30fc &#8212; 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1 \u56db\u534a\u671f\u306b 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Speed High \u30b7\u30ea\u30fc\u30ba\u3092\u8ffd\u52a0\u3057\u307e\u3057\u305f\u3002\u3053\u306e\u30d7\u30ed\u4ed5\u69d8\u306e\u5857\u6599\u306f\u3001\u30de\u30eb\u30c1\u30cf\u30a6\u30b8\u30f3\u30b0\u3084\u5927\u578b\u5546\u696d\u65bd\u8a2d\u306e\u5927\u534a\u3067\u4f7f\u7528\u3055\u308c\u3066\u304a\u308a\u3001\u5927\u898f\u6a21\u306a\u30d7\u30ed\u30b8\u30a7\u30af\u30c8\u306b\u30d7\u30ed\u30da\u30a4\u30f3\u30bf\u30fc\u304c\u53c2\u5165\u3059\u308b\u304d\u3063\u304b\u3051\u3092\u4e0e\u3048\u3066\u304f\u308c\u307e\u3059\u3002\u3053\u306e\u5857\u6599\u306f\u3001\u73fe\u5728\u3001\u5927\u578b\u5e97\u8217\u5411\u3051\u306b\u306f\u3001\u30db\u30fc\u30e0\u30fb\u30c7\u30dd\u306e\u72ec\u5360\u8ca9\u58f2\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002\u30b9\u30d7\u30ec\u30fc\u5857\u6599\u3067\u306f\u3001PPG \u306e GlitonMaxFlex \u30b9\u30d7\u30ec\u30fc\u5857\u6599\u3092\u767a\u58f2\u3057\u307e\u3057\u305f\u3002<\/p>\n<p>PPG \u72ec\u81ea\u306e\u5de5\u696d\u7528\u30d9\u30fc\u30b9\u6280\u8853\u306f\u3001\u76ae\u9769\u3084\u5e03\u5730\u306a\u3069\u5e45\u5e83\u3044\u30b5\u30fc\u30d3\u30b9\u3092\u30ab\u30d0\u30fc\u3057\u3001\u305d\u306e\u672c\u6765\u306e\u98a8\u5408\u3044\u3092\u4fdd\u3064\u3001\u4ed6\u306b\u985e\u3092\u898b\u306a\u3044\u67d4\u8edf\u6027\u3092\u5099\u3048\u3066\u3044\u307e\u3059\u3002\u3055\u3089\u306b\u30de\u30b9\u30b3\u3067\u306f\u3001\u30b9\u30d7\u30ec\u30fc\u5857\u6599\u3001\u30b3\u30fc\u30ad\u30f3\u30b0\u5264\u3001\u30b7\u30fc\u30ea\u30f3\u30b0\u5264\u3001\u305d\u3057\u3066\u30a4\u30f3\u30c6\u30ea\u30a2\u30b9\u30c6\u30a4\u30f3\u306b\u81f3\u308b\u307e\u3067\u3001\u305d\u306e\u72ec\u5360\u7684\u306a\u63d0\u4f9b\u3092\u62e1\u5927\u3057\u307e\u3057\u305f\u3002\u3055\u3066\u3001\u6b21\u306f\u6625\u306b\u76ee\u3092\u5411\u3051\u3066\u3001\u304a\u5ba2\u69d8\u306b\u3068\u3063\u3066\u30a8\u30ad\u30b5\u30a4\u30c6\u30a3\u30f3\u30b0\u306a\u88fd\u54c1\u30e9\u30a4\u30f3\u30a2\u30c3\u30d7\u3092\u3054\u7d39\u4ecb\u3057\u307e\u3059\u3002\u4eca\u56de\u306f\u3001\u5b63\u7bc0\u306b\u5fdc\u3058\u305f\u30ab\u30c6\u30b4\u30ea\u30fc\u3067\u65b0\u88fd\u54c1\u3092\u3054\u7d39\u4ecb\u3057\u307e\u3059\u3002<\/p>\n<p>\u696d\u754c\u3067\u306f\u3001\u30ac\u30b9\u5f0f\u304b\u3089\u30d0\u30c3\u30c6\u30ea\u30fc\u5f0f\u3078\u306e\u79fb\u884c\u304c\u9032\u3093\u3067\u3044\u307e\u3059\u3002\u30b3\u30fc\u30c9\u30ec\u30b9\u829d\u5208\u308a\u6a5f\u306e\u9700\u8981\u306f\u304b\u3064\u3066\u306a\u3044\u307b\u3069\u9ad8\u307e\u3063\u3066\u3044\u307e\u3059\u3002\u30ea\u30e7\u30fc\u30d3\u306e80V\u30bc\u30ed\u30bf\u30fc\u30f3\u4e57\u7528\u829d\u5208\u6a5f\u3001\u30df\u30eb\u30a6\u30a9\u30fc\u30ad\u30fc\u306e\u65b0\u578bMAT\u71c3\u6599\u30a6\u30a9\u30fc\u30af\u30e2\u30a2\u3001\u30c7\u30a6\u30a9\u30eb\u30c8\u306eFlexVolt\u30a6\u30a9\u30fc\u30af\u30e2\u30a2\u3001\u30de\u30ad\u30bf\u306eLXT\u30a6\u30a9\u30fc\u30af\u30e2\u30a2\u306a\u3069\u3001\u5f53\u793e\u306e\u30d0\u30c3\u30c6\u30ea\u30fc\u5f0f\u829d\u5208\u6a5f\u306e\u30e9\u30a4\u30f3\u30a2\u30c3\u30d7\u306f\u4ed6\u306b\u985e\u3092\u898b\u306a\u3044\u307b\u3069\u5145\u5b9f\u3057\u3066\u3044\u307e\u3059\u3002\u3053\u306e\u30e9\u30a4\u30f3\u30ca\u30c3\u30d7\u306f\u3001\u540c\u3058\u30d0\u30c3\u30c6\u30ea\u30fc\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u3092\u642d\u8f09\u3057\u305f\u9769\u65b0\u7684\u306a\u30c4\u30fc\u30eb\u306e\u30a8\u30b3\u30b7\u30b9\u30c6\u30e0\u3092\u69cb\u7bc9\u3059\u308b\u3053\u3068\u3067\u3001\u3059\u3079\u3066\u306e\u4eba\u306b\u4f55\u304b\u3092\u63d0\u4f9b\u3057\u307e\u3059\u3002<\/p>\n<p>\u30d1\u30c6\u30a3\u30aa\u3067\u306f\u3001\u30aa\u30d7\u30b7\u30e7\u30f3\u306e\u8ffd\u52a0\u3092\u7d9a\u3051\u3066\u304d\u307e\u3057\u305f\u3002\u305d\u3057\u3066\u4eca\u65e5\u3001\u304a\u5ba2\u69d8\u306f\u5f37\u5316\u3055\u308c\u305f\u30aa\u30f3\u30e9\u30a4\u30f3\u4f53\u9a13\u3092\u901a\u3058\u3066\u3001\u30a2\u30a6\u30c8\u30c9\u30a2\u30fb\u30ea\u30d3\u30f3\u30b0\u30fb\u30b9\u30da\u30fc\u30b9\u3092\u4e00\u5909\u3055\u305b\u308b\u5b8c\u74a7\u306a\u30d1\u30c6\u30a3\u30aa\u30fb\u30bb\u30c3\u30c8\u3092\u4f5c\u6210\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002\u307e\u305f\u3001\u30b0\u30ea\u30eb\u306e\u54c1\u63c3\u3048\u3092\u62e1\u5145\u3057\u307e\u3057\u305f\u3002\u7279\u306b\u3001\u65b0\u3057\u3044Traeger Timberline XL\u306f\u3001\u8abf\u7406\u9762\u304c\u5e83\u304f\u3001\u30e1\u30f3\u30c6\u30ca\u30f3\u30b9\u304c\u7c21\u5358\u3067\u3001\u30b5\u30a4\u30c9\u30d0\u30fc\u30ca\u30fc\u3082\u4ed8\u3044\u3066\u3044\u308b\u306e\u3067\u3001\u8abf\u7406\u30cb\u30fc\u30ba\u304c\u9ad8\u307e\u308a\u307e\u3059\u3002<\/p>\n<p>\u65b0\u3057\u3044Nivo Next Grill\u306f\u3001\u30a2\u30d7\u30ea\u3084\u30e2\u30d0\u30a4\u30eb\u30c7\u30d0\u30a4\u30b9\u3092\u4ecb\u3057\u3066\u5236\u5fa1\u3055\u308c\u308b\u521d\u306e\u30d7\u30ed\u30d1\u30f3\u5f0f\u30b0\u30ea\u30eb\u3067\u3059\u3002\u30a2\u30d7\u30ea\u306f\u30bf\u30a4\u30de\u30fc\u3001\u30b0\u30ea\u30eb\u306e\u6e29\u5ea6\u3001\u98df\u6750\u306e\u5185\u90e8\u6e29\u5ea6\u3092\u8868\u793a\u3057\u3001\u4f55\u6642\u9593\u3067\u3082\u5b89\u5b9a\u3057\u305f\u8abf\u7406\u4f53\u9a13\u3092\u63d0\u4f9b\u3057\u307e\u3059\u3002\u307e\u305f\u3001\u30e9\u30a4\u30d5\u30d0\u30b9\u30fb\u30d7\u30ed\u30b0\u30e9\u30e0\u306b\u3082\u671f\u5f85\u3057\u3066\u3044\u307e\u3059\u3002\u6bce\u5e74\u3001\u5f53\u793e\u306e\u30de\u30fc\u30c1\u30e3\u30f3\u30c8\u30d7\u30ed\u30d0\u30a4\u30c0\u30fc\u304c\u304a\u5ba2\u69d8\u306b\u65b0\u3057\u3044\u54c1\u7a2e\u3084\u6539\u826f\u3055\u308c\u305f\u54c1\u7a2e\u3092\u63d0\u4f9b\u3057\u3001\u30ac\u30fc\u30c7\u30f3\u4f53\u9a13\u5168\u4f53\u3092\u5411\u4e0a\u3055\u305b\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u79c1\u305f\u3061\u306f\u3001\u512a\u308c\u305f\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u3092\u63d0\u4f9b\u3059\u308b\u8010\u75c5\u6027\u30fb\u8010\u4e7e\u71e5\u6027\u88fd\u54c1\u3092\u62e1\u5145\u3057\u3066\u304d\u307e\u3057\u305f\u3002\u4f8b\u3048\u3070\u3001Beacon in patients\u306f\u75c5\u6c17\u306b\u5f37\u304f\u3001\u30a4\u30fc\u30b8\u30fc\u30a6\u30a7\u30a4\u30fb\u30da\u30c1\u30e5\u30cb\u30a2\u306f\u65e5\u7167\u6642\u9593\u304c\u77ed\u304f\u306a\u308a\u30016\u9031\u9593\u3082\u9577\u6301\u3061\u3059\u308b\u3088\u3046\u306b\u306a\u308a\u307e\u3057\u305f\u3002\u3053\u306e\u3088\u3046\u306b\u3001\u3088\u308a\u4e08\u592b\u306a\u690d\u7269\u3092\u65b0\u305f\u306b\u52a0\u3048\u308b\u3053\u3068\u3067\u3001\u304a\u5ba2\u69d8\u306f\u3088\u308a\u9577\u304f\u3001\u751f\u304d\u751f\u304d\u3068\u3057\u305f\u5065\u5eb7\u7684\u306a\u5ead\u3092\u624b\u306b\u5165\u308c\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002Live Good Cabo\u306e\u5916\u89b3\u306f\u7d20\u6674\u3089\u3057\u3044\u3067\u3059\u3002<\/p>\n<p>\u4f4e\u6728\u304b\u3089\u3055\u307e\u3056\u307e\u306a\u82b1\u3001\u98df\u7528\u690d\u7269\u307e\u3067\u3001\u3042\u3089\u3086\u308b\u30bf\u30a4\u30d7\u306e\u30ac\u30fc\u30c7\u30ca\u30fc\u306b\u5bfe\u5fdc\u3067\u304d\u308b\u3088\u3046\u3001\u6625\u306b\u5411\u3051\u3066\u6e96\u5099\u3092\u9032\u3081\u3066\u3044\u307e\u3059\u3002\u305d\u308c\u3067\u306f\u3001\u30ea\u30c1\u30e3\u30fc\u30c9\u306b\u96fb\u8a71\u3092\u3064\u306a\u304e\u307e\u3059\u3002<\/p>\n<p>\u30ea\u30c1\u30e3\u30fc\u30c9\u30fb\u30de\u30af\u30d5\u30a1\u30a4\u30eb &#8212; \u30a8\u30b0\u30bc\u30af\u30c6\u30a3\u30d6\u30fb\u30d0\u30a4\u30b9\u30d7\u30ec\u30b8\u30c7\u30f3\u30c8\u517c\u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u30b8\u30a7\u30d5\u3001\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u7686\u3055\u3093\u3001\u304a\u306f\u3088\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u7b2c1\u56db\u534a\u671f\u306e\u58f2\u4e0a\u9ad8\u306f389\u5104\u30c9\u30eb\u3067\u3001\u524d\u5e74\u540c\u671f\u6bd414\u5104\u30c9\u30eb\uff083.8%\uff09\u306e\u5897\u53ce\u3068\u306a\u308a\u307e\u3057\u305f\u3002\u7b2c1\u56db\u534a\u671f\u306e\u5168\u793e\u30b3\u30f3\u30d7\u306f\u30012\u6708\u304c12.9\uff05\u306e\u30d7\u30e9\u30b9\u30013\u6708\u306f\u307b\u307c\u6a2a\u3070\u3044\u30014\u6708\u306f\u30de\u30a4\u30ca\u30b92\uff05\u3068\u306a\u308a\u3001\u30d7\u30e9\u30b92.2\uff05\u3068\u306a\u308a 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\u56db\u534a\u671f\u306f1.7\uff05\u306e\u30d7\u30e9\u30b9\u3068\u306a\u308a\u307e\u3057\u305f\u30023\u6708\u306f\u666f\u6c17\u523a\u6fc0\u7b56\u306e\u5b9f\u65bd\u8a18\u5ff5\u65e5\u3092\u53cd\u6620\u3057\u30014\u6708\u306f\u4eca\u5e74\u306e\u6625\u306e\u9045\u308c\u304c\u5f71\u97ff\u3057\u305f\u3053\u3068\u3092\u60f3\u8d77\u3057\u3066\u304f\u3060\u3055\u3044\u3002\u5f53\u56db\u534a\u671f\u306e\u696d\u7e3e\u306f\u3001\u5f15\u304d\u7d9a\u304d\u4e8b\u696d\u5168\u4f53\u304c\u5805\u8abf\u306b\u63a8\u79fb\u3057\u305f\u3053\u3068\u306b\u3088\u308a\u3001\u518d\u3073\u727d\u5f15\u3055\u308c\u307e\u3057\u305f\u3002\u6625\u306e\u6c17\u6e29\u306e\u4e0a\u6607\u306f\u3059\u3079\u3066\u306e\u5730\u57df\u3067\u9045\u304b\u3063\u305f\u3082\u306e\u306e\u3001\u7279\u306b\u5317\u90e8\u5730\u57df\u306e\u4e00\u90e8\u3067\u5f71\u97ff\u304c\u3042\u308a\u307e\u3057\u305f\u3002<\/p>\n<p>\u73fe\u5730\u901a\u8ca8\u30d9\u30fc\u30b9\u3067\u306f\u3001\u30e1\u30ad\u30b7\u30b3\u3001\u30ab\u30ca\u30c0\u3068\u3082\u306b\u4f1a\u793e\u5e73\u5747\u3092\u4e0a\u56de\u308b\u58f2\u4e0a\u9ad8\u3092\u8a08\u4e0a\u3057\u307e\u3057\u305f\u3002\u5f53\u56db\u534a\u671f\u306e\u58f2\u4e0a\u7dcf\u5229\u76ca\u7387\u306f 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3057\u3001\u3053\u306e\u30a4\u30f3\u30d5\u30ec\u7387\u3067\u306f\u3001\u975e\u5e38\u306b\u7279\u6b8a\u306a\u30a4\u30f3\u30d5\u30ec\u306e\u5e74\u3067\u3042\u308a\u3001\u30c1\u30b1\u30c3\u30c8\u306f\u78ba\u304b\u306b\u6a19\u6e96\u3088\u308a\u9ad8\u304f\u306a\u3063\u3066\u3044\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u3084\u306f\u308a\u6d88\u8cbb\u8005\u306f\u305d\u3053\u306b\u3057\u304c\u307f\u3064\u3044\u3066\u3044\u308b\u306e\u3067\u3059\u3002\u305d\u308c\u304b\u3089\u3001\u30ea\u30c1\u30e3\u30fc\u30c9\u3001\u91d1\u5229\u306e\u8a71\u3082\u805e\u304b\u305b\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>\u30ea\u30c1\u30e3\u30fc\u30c9\u30fb\u30de\u30af\u30d5\u30a7\u30a4\u30eb &#8212; \u30a8\u30b0\u30bc\u30af\u30c6\u30a3\u30d6\u30fb\u30d0\u30a4\u30b9\u30d7\u30ec\u30b8\u30c7\u30f3\u30c8\u517c\u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u307e\u305a\u3001\u79c1\u305f\u3061\u306e\u9867\u5ba2\u304c\u3069\u306e\u3088\u3046\u306a\u4eba\u305f\u3061\u306a\u306e\u304b\u306b\u3064\u3044\u3066\u3067\u3059\u304c\u3001\u79c1\u305f\u3061\u306e\u9867\u5ba2\u306f\u4f4f\u5b85\u6240\u6709\u8005\u3067\u3042\u308b\u3053\u3068\u3092\u5ff5\u982d\u306b\u7f6e\u3044\u3066\u304a\u304f\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002\u30d7\u30ed\u5411\u3051\u306e\u8ca9\u58f2\u306f\u307b\u307c\u3059\u3079\u3066\u4f4f\u5b85\u6240\u6709\u8005\u306e\u4ee3\u7406\u3067\u884c\u308f\u308c\u3001DIY\u5411\u3051\u306e\u8ca9\u58f2\u308290%\u4ee5\u4e0a\u304c\u4f4f\u5b85\u6240\u6709\u8005\u3067\u3059\u3002\u3067\u306f\u3001\u30db\u30fc\u30e0\u30bb\u30f3\u30bf\u30fc\u306e\u9700\u8981\u3068\u305d\u306e\u539f\u52d5\u529b\u306b\u3064\u3044\u3066\u8aac\u660e\u3057\u307e\u3057\u3087\u3046\u3002<\/p>\n<p>\u79c1\u305f\u3061\u306f\u3001\u30db\u30fc\u30e0\u30bb\u30f3\u30bf\u30fc\u306e\u9700\u8981\u306e\u539f\u52d5\u529b\u306f\u3001\u4f4f\u5b85\u4fa1\u683c\u306e\u4e0a\u6607\u3067\u3042\u308b\u3068\u898b\u3066\u3044\u307e\u3059\u3002\u5bb6\u306e\u4fa1\u5024\u304c\u4e0a\u304c\u308c\u3070\u3001\u8ce2\u3044\u6295\u8cc7\u3068\u898b\u306a\u3055\u308c\u3001\u3088\u308a\u591a\u304f\u306e\u8cbb\u7528\u3092\u304b\u3051\u308b\u3088\u3046\u306b\u306a\u308a\u307e\u3059\u3002\u305d\u3053\u3067\u3001\u4f4f\u5b85\u4fa1\u683c\u306e\u63a8\u79fb\u3092\u898b\u3066\u307f\u307e\u3057\u3087\u3046\u3002\u3053\u306e2\u5e74\u9593\u306730\uff05\u4ee5\u4e0a\u306e\u4e0a\u6607\u304c\u898b\u3089\u308c\u307e\u3057\u305f\u3002<\/p>\n<p>\u5b9f\u969b\u3001\u904e\u53bb2\u5e74\u9593\u306e\u30db\u30fc\u30e0\u30a8\u30af\u30a4\u30c6\u30a3\u306e\u4fa1\u5024\u306f40\uff05\u3001\u3064\u307e\u308a70\u5104\u30c9\u30eb\u4ee5\u4e0a\u3001\u3053\u306e2\u5e74\u9593\u3060\u3051\u3067\u5897\u52a0\u3057\u3066\u3044\u307e\u3059\u3002\u3064\u307e\u308a\u3001\u4f4f\u5b85\u6240\u6709\u8005\u306f\u3001\u3053\u306e\u3088\u3046\u306a\u30d0\u30e9\u30f3\u30b9\u30b7\u30fc\u30c8\u3092\u6301\u3063\u305f\u3053\u3068\u304c\u306a\u3044\u306e\u3067\u3059\u3002\u4fa1\u683c\u4e0a\u6607\u3092\u76ee\u306e\u5f53\u305f\u308a\u306b\u3057\u3001\u6d88\u8cbb\u3059\u308b\u624b\u6bb5\u3092\u624b\u306b\u5165\u308c\u305f\u306e\u3067\u3059\u3002\u30a2\u30f3\u30b1\u30fc\u30c8\u8abf\u67fb\u3067\u3082\u3001\u300c\u5bb6\u304c\u3053\u308c\u307b\u3069\u91cd\u8981\u8996\u3055\u308c\u305f\u3053\u3068\u306f\u306a\u3044\u300d\u300c\u3042\u3089\u3086\u308b\u898f\u6a21\u306e\u30d7\u30ed\u30b8\u30a7\u30af\u30c8\u306b\u53d6\u308a\u7d44\u3080\u610f\u6b32\u304c\u3053\u308c\u307b\u3069\u9ad8\u307e\u3063\u305f\u3053\u3068\u306f\u306a\u3044\u300d\u3068\u3001\u304a\u5ba2\u3055\u307e\u304b\u3089\u9ad8\u3044\u8a55\u4fa1\u3092\u3044\u305f\u3060\u3044\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u305d\u3057\u3066\u3001\u5f53\u793e\u306e\u30d7\u30ed\u30d5\u30a7\u30c3\u30b7\u30e7\u30ca\u30eb\u3082\u3001\u30d0\u30c3\u30af\u30ed\u30b0\u306b\u3064\u3044\u3066\u540c\u3058\u3053\u3068\u3092\u8ff0\u3079\u3066\u3044\u307e\u3059\u3002\u3067\u306f\u3001\u91d1\u5229\u306e\u8a71\u3092\u3057\u307e\u3057\u3087\u3046\u3002\u79c1\u305f\u3061\u304c\u5bfe\u51e6\u53ef\u80fd\u306a\u5e02\u5834\u306f\u3001\u7c73\u56fd\u5185\u306e1\u51043,000\u4e07\u6238\u306e\u4f4f\u5b85\u306b\u52a0\u3048\u3001\u30ab\u30ca\u30c0\u3068\u30e1\u30ad\u30b7\u30b3\u306e4,000\u4e07\u6238\u304b\u30895,000\u4e07\u6238\u306e\u4f4f\u5b85\u3067\u3059\u3002<\/p>\n<p>1\u51043,000\u4e07\u6238\u306e\u4f4f\u5b85\u306e\u3046\u3061\u3001\u58f2\u308c\u308b\u306e\u306f\u4f8b\u5e744\u301c5\uff05\u7a0b\u5ea6\u3067\u3059\u3002\u3064\u307e\u308a\u300195\uff05\u4ee5\u4e0a\u306e\u304a\u5ba2\u3055\u307e\u304c\u305d\u306e\u307e\u307e\u304a\u4f4f\u307e\u3044\u306b\u306a\u3063\u3066\u3044\u308b\u306e\u3067\u3059\u3002\u4f4f\u5b85\u30ed\u30fc\u30f3\u3092\u7d44\u3080\u3053\u3068\u3082\u3042\u308a\u307e\u305b\u3093\u3002\u305d\u306e\u3046\u3061\u306e40\uff05\u8fd1\u304f\u304c\u6301\u3061\u5bb6\u3067\u3059\u3002<\/p>\n<p>\u4f4f\u5b85\u30ed\u30fc\u30f3\u3092\u304a\u6301\u3061\u306e\u65b9\u306e\u3046\u3061\u3001\u7d0493\uff05\u306f\u56fa\u5b9a\u91d1\u5229\u3067\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u79c1\u305f\u3061\u304c\u5bfe\u5fdc\u53ef\u80fd\u306a\u5e02\u5834\u306b\u3064\u3044\u3066\u8003\u3048\u3066\u307f\u308b\u3068\u3001\u305d\u306e\u5927\u534a\u306f\u4f4f\u5b85\u30ed\u30fc\u30f3\u306e\u91d1\u5229\u306b\u6ce8\u610f\u3092\u6255\u3063\u3066\u3044\u306a\u3044\u3053\u3068\u304c\u308f\u304b\u308a\u307e\u3059\u3002\u305d\u3057\u3066\u3001\u8208\u5473\u6df1\u3044\u306e\u306f\u3001\u5f7c\u3089\u304c\u5f15\u3063\u8d8a\u3057\u3092\u8003\u3048\u305f\u3068\u304d\u3001\u5b9f\u306f\u4f4e\u3044\u56fa\u5b9a\u91d1\u5229\u306e\u4f4f\u5b85\u30ed\u30fc\u30f3\u306e\u307e\u307e\u3067\u3001\u4ee3\u308f\u308a\u306b\u5bb6\u3092\u30ea\u30d5\u30a9\u30fc\u30e0\u3057\u305f\u3044\u3068\u3044\u3046\u8a98\u60d1\u304c\u307e\u3059\u307e\u3059\u5f37\u304f\u306a\u3063\u3066\u3044\u308b\u3001\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002\u3064\u307e\u308a\u3001\u3053\u3046\u3057\u305f\u4f4e\u3044\u56fa\u5b9a\u91d1\u5229\u306e\u4f4f\u5b85\u30ed\u30fc\u30f3\u306f\u3001\u304a\u305d\u3089\u304f\u6539\u5584\u3059\u308b\u305f\u3081\u306e\u30e1\u30ea\u30c3\u30c8\u306a\u306e\u3067\u3059\u3002<\/p>\n<p>Michael Lasser &#8212; UBS &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u975e\u5e38\u306b\u6709\u76ca\u306a\u60c5\u5831\u3070\u304b\u308a\u3067\u3059\u306d\u3002\u305d\u308c\u3092\u8e0f\u307e\u3048\u3066\u3001\u30cd\u30ac\u30c6\u30a3\u30d6\u306a\u8cea\u554f\u3067\u30d5\u30a9\u30ed\u30fc\u30a2\u30c3\u30d7\u3059\u308b\u306e\u306f\u5acc\u306a\u306e\u3067\u3059\u304c\u3001\u4fdd\u5b88\u7684\u306a\u8003\u3048\u304b\u3089\u8cea\u554f\u3055\u305b\u3066\u304f\u3060\u3055\u3044\u3002\u30db\u30fc\u30e0\u30c7\u30dd\u306f\u3053\u308c\u307e\u3067\u3001\u65e2\u5b58\u5e97\u58f2\u4e0a\u9ad8\u304c1\uff05\u5897\u52a0\u307e\u305f\u306f\u6e1b\u5c11\u3059\u308b\u3054\u3068\u306b\u300120\u30d9\u30fc\u30b7\u30b9\u30dd\u30a4\u30f3\u30c8\u306e\u30de\u30fc\u30b8\u30f3\u5909\u52d5\u304c\u3042\u308b\u3068\u8a00\u308f\u308c\u3066\u304d\u307e\u3057\u305f\u3002\u74b0\u5883\u306f\u5fc5\u305a\u3057\u3082\u9577\u3044\u9593\u3001\u901a\u5e38\u901a\u308a\u3067\u306f\u306a\u304b\u3063\u305f\u3068\u3044\u3046\u3053\u3068\u3092\u8a8d\u8b58\u3057\u305f\u4e0a\u3067\u3001\u5168\u4f53\u7684\u306a\u30de\u30af\u30ed\u306b\u3064\u3044\u3066\u4fdd\u5b88\u7684\u306b\u4e88\u60f3\u3059\u308b\u306a\u3089\u3070\u3001\u4eee\u306b\u30b3\u30f3\u30d7\u304c1%\u6e1b\u5c11\u3057\u305f\u5834\u5408\u3001\u55b6\u696d\u5229\u76ca\u7387\u304c20bp\u6e1b\u5c11\u3059\u308b\u3068\u8003\u3048\u308b\u306e\u306f\u59a5\u5f53\u3067\u3057\u3087\u3046\u304b? \u305d\u308c\u3068\u3082\u3001\u3053\u3053\u6570\u5e74\u306e\u9593\u306b\u3001\u30c6\u30af\u30ce\u30ed\u30b8\u30fc\u306e\u5c0e\u5165\u3084\u30b5\u30d7\u30e9\u30a4\u30c1\u30a7\u30fc\u30f3\u306e\u9ad8\u5ea6\u5316\u306a\u3069\u3092\u901a\u3058\u3066\u4e8b\u696d\u304c\u5927\u304d\u304f\u767a\u5c55\u3057\u3001\u304a\u305d\u3089\u304f\u30ec\u30d0\u30ec\u30c3\u30b8\u306e\u4f4e\u4e0b\u306f\u904e\u53bb\u306b\u6bd4\u3079\u308c\u3070\u305d\u308c\u307b\u3069\u5927\u304d\u304f\u306f\u306a\u3044\u306e\u3067\u3057\u3087\u3046\u304b\uff1f<\/p>\n<p>\u30ea\u30c1\u30e3\u30fc\u30c9\u30fb\u30de\u30af\u30d5\u30a1\u30a4\u30eb &#8212; \u30a8\u30b0\u30bc\u30af\u30c6\u30a3\u30d6\u30fb\u30d0\u30a4\u30b9\u30d7\u30ec\u30b8\u30c7\u30f3\u30c8\u517c\u30c1\u30fc\u30d5\u30fb\u30d5\u30a1\u30a4\u30ca\u30f3\u30b7\u30e3\u30eb\u30fb\u30aa\u30d5\u30a3\u30b5\u30fc<\/p>\n<p>\u30de\u30a4\u30b1\u30eb\uff1a\u307e\u305a\u3001\u79c1\u305f\u3061\u306f\u6700\u5927\u306e\u55b6\u696d\u8cbb\u7528\u3067\u3042\u308b\u4eba\u4ef6\u8cbb\u306b\u95a2\u3057\u3066\u3001\u6d3b\u52d5\u30d9\u30fc\u30b9\u30e2\u30c7\u30eb\u3092\u63a1\u7528\u3057\u3066\u3044\u307e\u3059\u3002\u3053\u308c\u306f\u6700\u5927\u306e\u55b6\u696d\u30b3\u30b9\u30c8\u3067\u3059\u304c\u3001\u6570\u91cf\u304c\u6e1b\u5c11\u3059\u308c\u3070\u5f53\u7136\u306a\u304c\u3089\u6e1b\u5c11\u3057\u307e\u3059\u3002\u3055\u3089\u306b\u91cd\u8981\u306a\u306e\u306f\u3001\u640d\u76ca\u8a08\u7b97\u66f8\u306b\u3042\u308b\u7a0b\u5ea6\u306e\u8ca1\u52d9\u7684\u67d4\u8edf\u6027\u3092\u6301\u305f\u305b\u3066\u3044\u308b\u3053\u3068\u3067\u3059\u3002\u3053\u306e\u8ca1\u52d9\u7684\u67d4\u8edf\u6027\u306b\u3088\u3063\u3066\u3001\u3069\u306e\u3088\u3046\u306a\u74b0\u5883\u3067\u3082\u9069\u5207\u3068\u601d\u308f\u308c\u308b\u7ba1\u7406\u3092\u884c\u3046\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u79c1\u305f\u3061\u306b\u306f\u7d4c\u55b6\u306e\u4f59\u5730\u304c\u3042\u308a\u3001\u3069\u306e\u3088\u3046\u306a\u74b0\u5883\u3067\u3082\u30b7\u30a7\u30a2\u3092\u7372\u5f97\u3057\u3001\u74b0\u5883\u306b\u5fdc\u3058\u3066\u3053\u306e\u640d\u76ca\u8a08\u7b97\u66f8\u3092\u8ce2\u304f\u7ba1\u7406\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u3068\u78ba\u4fe1\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u79c1\u305f\u3061\u304c\u4ee5\u524d\u793a\u3057\u305f\u304b\u3082\u3057\u308c\u306a\u3044\u30d9\u30f3\u30c1\u30de\u30fc\u30af\u306b\u3064\u3044\u3066\u306f\u3001\u3082\u3046\u305d\u308c\u3092\u8d85\u3048\u3066\u3044\u307e\u3059\u3002\u79c1\u305f\u3061\u306e\u30e2\u30c7\u30eb\u306b\u306f\u8ca1\u52d9\u7684\u306a\u67d4\u8edf\u6027\u304c\u3042\u308a\u307e\u3059\u3002\u305d\u3057\u3066\u307e\u305f\u3001\u79c1\u305f\u3061\u304c\u898b\u308b\u3067\u3042\u308d\u3046\u72b6\u6cc1\u306b\u5fdc\u3058\u3066\u3001\u67d4\u8edf\u306b\u5bfe\u5fdc\u3057\u3066\u3044\u304f\u3064\u3082\u308a\u3067\u3059\u3002<\/p>\n<p>Michael Lasser &#8212; UBS &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u305d\u308c\u306f\u53c2\u8003\u306b\u306a\u308a\u307e\u3059\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002\u6b21\u306e\u8cea\u554f\u306f\u30e2\u30eb\u30ac\u30f3\u30fb\u30b9\u30bf\u30f3\u30ec\u30fc\u306e\u30b7\u30e1\u30aa\u30f3\u30fb\u30b0\u30c3\u30c8\u30de\u30f3\u304b\u3089\u3067\u3059\u3002\u8cea\u554f\u3092\u304a\u9032\u3081\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>\u30b7\u30e1\u30aa\u30f3\u30fb\u30b0\u30c3\u30c8\u30de\u30f3 &#8212; \u30e2\u30eb\u30ac\u30f3\u30b9\u30bf\u30f3\u30ec\u30fc &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u7686\u3055\u3093\u3001\u3053\u3093\u306b\u3061\u306f\u3002\u6700\u521d\u306e\u8cea\u554f\u306f\u3001\u5148\u307b\u3069\u306e\u610f\u56f3\u3068\u30d0\u30c3\u30af\u30ed\u30b0\u306b\u3064\u3044\u3066\u3001\u3082\u3046\u5c11\u3057\u8a73\u3057\u304f\u304a\u805e\u304d\u3057\u305f\u3044\u306e\u3067\u3059\u304c\u3002\u4f9b\u7d66\u304c\u5236\u9650\u3055\u308c\u305f\u305f\u3081\u306b\u9700\u8981\u304c\u767a\u751f\u3057\u3001\u30d7\u30ed\u30b8\u30a7\u30af\u30c8\u304c\u6ede\u7559\u3057\u3066\u3044\u308b\u306e\u304b\u3001\u305d\u308c\u3068\u3082\u30d0\u30c3\u30af\u30ed\u30b0\u3084\u30d1\u30a4\u30d7\u30e9\u30a4\u30f3\u304c\u69cb\u7bc9\u3055\u308c\u7d9a\u3051\u3066\u3044\u308b\u306e\u304b\u3001\u6c17\u306b\u306a\u308b\u3068\u3053\u308d\u3067\u3059\u3002<\/p>\n<p>\u30ea\u30c1\u30e3\u30fc\u30c9\u30fb\u30de\u30af\u30d5\u30a1\u30a4\u30eb &#8212; \u53d6\u7de0\u5f79\u526f\u793e\u9577\u517c\u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005\uff08CFO<\/p>\n<p>\u307e\u305a\u3001\u8abf\u67fb\u7d50\u679c\u306b\u3064\u3044\u3066\u304a\u8a71\u3057\u307e\u3059\u3002\u3053\u308c\u306f\u5168\u7c73\u30db\u30fc\u30e0\u30d3\u30eb\u30c0\u30fc\u5354\u4f1a\u304c\u516c\u8868\u3057\u3066\u3044\u308b\u3082\u306e\u3067\u3059\u3002\u3053\u308c\u306f2001\u5e74\u307e\u3067\u3055\u304b\u306e\u307c\u3063\u305f\u8abf\u67fb\u3067\u3059\u3002\u3053\u306e\u8abf\u67fb\u306f\u3001\u72b6\u6cc1\u306f\u697d\u89b3\u7684\u304b\u60b2\u89b3\u7684\u304b\u3068\u3044\u3046\u3082\u306e\u3067\u300150\u304c\u4e2d\u4f4d\u3068\u3044\u3046\u3068\u3053\u308d\u3067\u3059\u3002<\/p>\n<p>2020\u5e74\u307e\u3067\u306e20\u5e74\u9593\u3001\u3053\u306e\u697d\u89b3\u7684\u306a\u6307\u6570\u306f58\u3092\u8d85\u3048\u308b\u3053\u3068\u306f\u3042\u308a\u307e\u305b\u3093\u3067\u3057\u305f\u3002\u73fe\u5728\u3067\u306f86\u3067\u3059\u3002\u3053\u308c\u304c\u30ea\u30e2\u30c7\u30e9\u30fc\u306e\u5fc3\u60c5\u3067\u3059\u3002\u307e\u305f\u3001\u53d7\u6ce8\u6b8b\u306b\u95a2\u3057\u3066\u3082\u3001\u904e\u53bb20\u5e74\u9593\u306764\u3092\u8d85\u3048\u305f\u3053\u3068\u306f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n<p>\u73fe\u5728\u300184\u70b9\u3067\u3059\u3002\u3053\u308c\u3089\u306e\u30bb\u30f3\u30c1\u30e1\u30f3\u30c8\u306f\u3044\u305a\u308c\u3082\u904e\u53bb\u6700\u9ad8\u5024\u3067\u3059\u3002<\/p>\n<p>Simeon Gutman &#8212; Morgan Stanley &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u306a\u308b\u307b\u3069\u3002\u30d5\u30a9\u30ed\u30fc\u30a2\u30c3\u30d7\u3092\u304a\u9858\u3044\u3057\u307e\u3059\u3002\u3042\u306a\u305f\u306f\u3001\u4f4f\u5b85\u4fa1\u683c\u306e\u4e0a\u6607\u304c\u6700\u3082\u91cd\u8981\u306a\u30ec\u30d0\u30ec\u30c3\u30b8\u3067\u3042\u308b\u3068\u8ff0\u3079\u307e\u3057\u305f\u3002\u30ab\u30ca\u30c0\u306e\u4f4f\u5b85\u4fa1\u683c\u306f\u5c11\u3057\u4e0a\u6607\u3057\u59cb\u3081\u3066\u3044\u308b\u3088\u3046\u3067\u3059\u304c\u3001\u4e8b\u696d\u306f\u3046\u307e\u304f\u6301\u3061\u3053\u305f\u3048\u3066\u3044\u308b\u3088\u3046\u3067\u3059\u3002<\/p>\n<p>\u3053\u306e\u95a2\u4fc2\u304c\u7dad\u6301\u3055\u308c\u3066\u3044\u308b\u306e\u304b\u3001\u305d\u308c\u3068\u3082\u540c\u3058\u3088\u3046\u306a\u529b\u5b66\u3001\u3064\u307e\u308a\u9867\u5ba2\u306e\u30de\u30af\u30ed\u6761\u4ef6\u304c\u5b58\u5728\u3057\u3001\u305d\u306e\u305f\u3081\u306b\u30d3\u30b8\u30cd\u30b9\u304c\u305d\u306e\u30c8\u30ec\u30f3\u30c9\u304b\u3089\u5916\u308c\u3066\u3044\u308b\u306e\u304b\u3001\u304a\u8a71\u3057\u3044\u305f\u3060\u3051\u307e\u3059\u304b\uff1f<\/p>\n<p>\u30c6\u30c3\u30c9\u30fb\u30c7\u30c3\u30ab\u30fc &#8212; \u6700\u9ad8\u57f7\u884c\u8cac\u4efb\u8005<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3001\u30ab\u30ca\u30c0\u306e\u4e8b\u696d\u3067\u3059\u3002\u30ea\u30c1\u30e3\u30fc\u30c9\u304c\u7c73\u56fd\u3067\u884c\u3063\u305f\u3088\u3046\u306a\u30ab\u30ca\u30c0\u306e\u7d71\u8a08\u306b\u3064\u3044\u3066\u306f\u3001\u30b7\u30e1\u30aa\u30f3\u3001\u79c1\u306f\u305d\u308c\u307b\u3069\u8a73\u3057\u304f\u306f\u306a\u3044\u306e\u3067\u3059\u304c\u3001\u30ab\u30ca\u30c0\u306e\u30d3\u30b8\u30cd\u30b9\u306f\u975e\u5e38\u306b\u597d\u8abf\u3067\u3059\u3002\u6628\u5e74\u306f\u3082\u3063\u3068\u5927\u304d\u306a\u30ed\u30c3\u30af\u30c0\u30a6\u30f3\u3092\u7d4c\u9a13\u3057\u307e\u3057\u305f\u3002<\/p>\n<p>\u7279\u306b\u30aa\u30f3\u30bf\u30ea\u30aa\u5dde\u3067\u306f\u3001\u7b2c1\u56db\u534a\u671f\u306b\u5e97\u8217\u3092\u9589\u9396\u3057\u3001\u30ab\u30fc\u30d6\u30b5\u30a4\u30c9\u30d4\u30c3\u30af\u30a2\u30c3\u30d7\u306e\u307f\u3068\u3057\u307e\u3057\u305f\u3002\u3067\u3059\u304b\u3089\u3001\u30d3\u30b8\u30cd\u30b9\u306f\u975e\u5e38\u306b\u597d\u8abf\u3067\u3059\u3002\u4f4f\u5b85\u4fa1\u683c\u3068\u306e\u95a2\u4fc2\u306b\u3064\u3044\u3066\u306f\u3001\u305d\u308c\u307b\u3069\u8a73\u3057\u3044\u3053\u3068\u306f\u308f\u304b\u308a\u307e\u305b\u3093\u3002<\/p>\n<p>Richard McPhail &#8212; \u30a8\u30b0\u30bc\u30af\u30c6\u30a3\u30d6\u30fb\u30d0\u30a4\u30b9\u30d7\u30ec\u30b8\u30c7\u30f3\u30c8\u517c\u30c1\u30fc\u30d5\u30fb\u30d5\u30a1\u30a4\u30ca\u30f3\u30b7\u30e3\u30eb\u30fb\u30aa\u30d5\u30a3\u30b5\u30fc<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d&#8230;\u305f\u3060\u3001\u3061\u3087\u3063\u3068\u632f\u308a\u8fd4\u3063\u3066\u307f\u305f\u3044\u3068\u601d\u3044\u307e\u3059\u3002\u6628\u5e74\u306e\u7b2c1\u56db\u534a\u671f\u306f\u3001\u4f1a\u793e\u3068\u3057\u306631\uff05\u306e\u30b3\u30f3\u30d7\u3092\u8a08\u4e0a\u3057\u305f\u308f\u3051\u3067\u3059\u304c\u3001\u30ab\u30ca\u30c0\u306f\u305d\u308c\u3092\u4e0a\u56de\u308a\u307e\u3057\u305f\u3002\u30ab\u30ca\u30c0\u306f\u305d\u308c\u3088\u308a\u3082\u9ad8\u3044\u6570\u5b57\u3067\u3057\u305f\u3002\u3064\u307e\u308a\u3001\u30ab\u30ca\u30c0\u3067\u306e\u30b3\u30f3\u30d7\u306f\u3088\u308a\u53b3\u3057\u3044\u3082\u306e\u3060\u3063\u305f\u306e\u3067\u3059\u3002<\/p>\n<p>\u305d\u3057\u3066\u4eca\u671f\u306f\u3001\u30ab\u30ca\u30c0\u306e\u30b3\u30f3\u30d7\u304c\u4f1a\u793e\u5e73\u5747\u3092\u4e0a\u56de\u308a\u307e\u3057\u305f\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u6b21\u306e\u8cea\u554f\u306fD.A.\u30c7\u30d3\u30c3\u30c9\u30bd\u30f3\u306e\u30de\u30a4\u30b1\u30eb\u30fb\u30d9\u30fc\u30ab\u30fc\u304b\u3089\u3067\u3059\u3002\u3054\u8cea\u554f\u3092\u304a\u805e\u304b\u305b\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>\u30de\u30a4\u30b1\u30eb\u30fb\u30d9\u30a4\u30ab\u30fc &#8212; D.A.\u30c7\u30d3\u30c3\u30c9\u30bd\u30f3 &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u308f\u304b\u308a\u307e\u3057\u305f\u30022\u3064\u3042\u308a\u307e\u3059\u30021\u3064\u306f\u3001\u6625\u306e\u7d42\u308f\u308a\u306e\u5929\u5019\u306e\u5f71\u97ff\u306b\u3064\u3044\u3066\u3001\u6570\u5024\u5316\u3067\u304d\u308b\u3082\u306e\u304c\u3042\u308c\u3070\u6559\u3048\u3066\u304f\u3060\u3055\u3044\u30024\u6708\u306f\u3069\u306e\u7a0b\u5ea6\u306e\u5f71\u97ff\u3092\u53d7\u3051\u305f\u306e\u3067\u3057\u3087\u3046\u304b\uff1f\u307e\u305f\u3001\u305d\u306e\u5f71\u97ff\u306f5\u6708\u306b\u3069\u306e\u3088\u3046\u306b\u53cd\u6620\u3055\u308c\u308b\u3068\u4e88\u60f3\u3055\u308c\u307e\u3059\u304b\uff1f\u7d9a\u3044\u3066\u306e\u8cea\u554f\u3067\u3059\u3002<\/p>\n<p>\u30c6\u30c3\u30c9\u30fb\u30c7\u30c3\u30ab\u30fc &#8212; \u6700\u9ad8\u57f7\u884c\u8cac\u4efb\u8005<\/p>\n<p>\u7b2c1\u56db\u534a\u671f\u306e\u58f2\u4e0a\u9ad8\u306b\u5bfe\u3059\u308b\u30de\u30a4\u30ca\u30b9\u306e\u5f71\u97ff\u306f\u7d041\uff05\u3060\u3063\u305f\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>\u30de\u30a4\u30b1\u30eb\u30fb\u30d9\u30a4\u30ab\u30fc &#8212; D.A.\u30c7\u30d3\u30c3\u30c9\u30bd\u30f3 &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u304a\u305d\u3089\u304f\u3001\u305d\u306e\u307b\u3068\u3093\u3069\u306f4\u6708\u306b\u767a\u751f\u3059\u308b\u3068\u601d\u308f\u308c\u307e\u3059\u3002\u305d\u3046\u8a00\u3063\u3066\u3044\u3044\u306e\u3067\u3057\u3087\u3046\u304b\uff1f<\/p>\n<p>\u30c6\u30c3\u30c9\u30fb\u30c7\u30c3\u30ab\u30fc &#8212; \u6700\u9ad8\u57f7\u884c\u8cac\u4efb\u8005\uff08COO<\/p>\n<p>2\u6708\u306f\u3069\u3053\u3082\u304b\u3057\u3053\u3082\u6625\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3057\u3001\u79c1\u305f\u3061\u306b\u3068\u3063\u3066\u6700\u3082\u30dc\u30ea\u30e5\u30fc\u30e0\u306e\u5c11\u306a\u3044\u6708\u3067\u3059\u3002\u3067\u3059\u304b\u3089\u30014\u6708\u304c\u4e3b\u4f53\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002\u30ea\u30c1\u30e3\u30fc\u30c9\u304c\u30e1\u30e2\u3067\u8ff0\u3079\u3066\u3044\u308b\u3088\u3046\u306b\u30013\u6708\u306f\u5357\u90e8\u3067\u6625\u304c\u5f31\u304f\u3001\u666f\u6c17\u523a\u6fc0\u7b56\u306e\u5f71\u97ff\u304c\u3088\u308a\u5f37\u304b\u3063\u305f\u306e\u3067\u3059\u3002<\/p>\n<p>\u305d\u3057\u3066\u3001\u5317\u90e8\u306e\u5e02\u5834\u306b\u5411\u304b\u3044\u59cb\u3081\u308b\u3068\u30014\u6708\u306f\u7279\u306b\u5bd2\u3055\u304c\u53b3\u3057\u304f\u306a\u308a\u3001\u56db\u534a\u671f\u3067\u306f1\uff05\u6e1b\u3068\u306a\u308a\u307e\u3057\u305f\u3002<\/p>\n<p>\u30de\u30a4\u30b1\u30eb\u30fb\u30d9\u30a4\u30ab\u30fc &#8212; D.A.\u30c7\u30d3\u30c3\u30c9\u30bd\u30f3 &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3002\u5317\u6771\u90e8\u306e\u5bd2\u3055\u306f\u3001\u4eca\u306f\u826f\u304f\u306a\u3063\u3066\u304d\u3066\u3044\u307e\u3059\u304c\u3001\u79c1\u305f\u3061\u306f\u7686\u611f\u3058\u3066\u3044\u307e\u3059\u3002\u307e\u305f\u3001\u4f4f\u5b85\u4fa1\u683c\u4e0a\u6607\u306e\u8cea\u554f\u306b\u3064\u3044\u3066\u30d5\u30a9\u30ed\u30fc\u3057\u305f\u3044\u3068\u601d\u3044\u307e\u3059\u3002\u79c1\u305f\u3061\u306f\u7686\u3001\u9577\u5e74\u3053\u306e\u554f\u984c\u306b\u53d6\u308a\u7d44\u3093\u3067\u304d\u3066\u304a\u308a\u3001\u307b\u3068\u3093\u3069\u306e\u4eba\u304c\u4f4f\u5b85\u4fa1\u683c\u306e\u4e0a\u6607\u304c\u305d\u308c\u307b\u3069\u91cd\u8981\u3067\u3042\u308b\u3053\u3068\u3092\u7406\u89e3\u3057\u3066\u3044\u308b\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>\u91d1\u5229\u306e\u4e0a\u6607\u306f\u3001\u6700\u7d42\u7684\u306b\u4e2d\u53e4\u4f4f\u5b85\u8ca9\u58f2\u3092\u6e1b\u901f\u3055\u305b\u308b\u3053\u3068\u306b\u306a\u308b\u3068\u601d\u3044\u307e\u3059\u304c\u3001\u3069\u306e\u7a0b\u5ea6\u61f8\u5ff5\u3057\u3066\u3044\u307e\u3059\u304b\uff1f\u7279\u306bFRB\u304c\u5229\u4e0a\u3052\u3092\u7d9a\u3051\u308b\u4e2d\u3001\u8a18\u9332\u7684\u306a\u4f4f\u5b85\u4fa1\u683c\u306e\u4e0a\u6607\u3082\u3044\u305a\u308c\u306f\u920d\u5316\u305b\u3056\u308b\u3092\u5f97\u306a\u3044\u3067\u3057\u3087\u3046\u304b\u3089\u3002\u4eca\u5e74\u306e\u6b8b\u308a\u3092\u8003\u3048\u308b\u4e0a\u3067\u3001\u3053\u306e\u70b9\u306f\u3069\u306e\u7a0b\u5ea6\u61f8\u5ff5\u3055\u308c\u308b\u306e\u3067\u3057\u3087\u3046\u304b\uff1f<\/p>\n<p>\u30ea\u30c1\u30e3\u30fc\u30c9\u30fb\u30de\u30af\u30d5\u30a1\u30a4\u30eb &#8212; \u53d6\u7de0\u5f79\u526f\u793e\u9577\u517c\u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u3053\u306e10\u5e74\u9593\u3001\u7c73\u56fd\u3067\u306f\u6162\u6027\u7684\u306a\u4f4f\u5b85\u4e0d\u8db3\u304c\u4e00\u8cab\u3057\u3066\u7d9a\u3044\u3066\u304a\u308a\u3001\u6700\u8fd1\u306e\u4f4f\u5b85\u53f2\u306e\u4e2d\u3067\u3082\u30e6\u30cb\u30fc\u30af\u306a\u72b6\u6cc1\u306b\u3042\u308b\u3068\u601d\u3044\u307e\u3059\u3002\u30a8\u30b3\u30ce\u30df\u30b9\u30c8\u306e\u4e2d\u306b\u306f\u3001\u305d\u306e\u4e0d\u8db3\u5206\u3092200\u4e07\u6238\u5f31\u3068\u60f3\u5b9a\u3057\u3066\u3044\u308b\u4eba\u3082\u3044\u307e\u3059\u3002400\u4e07\u6238\u3068\u3044\u3046\u6570\u5b57\u3082\u805e\u3044\u305f\u3053\u3068\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<p>\u3082\u3057\u3001\u4ed6\u306e\u63a8\u8a08\u5024\u3092\u53c2\u8003\u306b\u3059\u308c\u3070\u30017\u301c8\u5e74\u3068\u306f\u8a00\u308f\u306a\u3044\u307e\u3067\u3082\u3001\u5c11\u306a\u304f\u3068\u30825\u5e74\u5f8c\u306b\u306f\u5747\u8861\u304c\u4fdd\u305f\u308c\u308b\u3068\u898b\u3066\u3044\u307e\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u4f4f\u5b85\u4fa1\u683c\u306e\u4e0a\u6607\u3092\u652f\u3048\u308b\u306e\u306f\u9700\u8981\u3068\u4f9b\u7d66\u3067\u3042\u308a\u3001\u6162\u6027\u7684\u306a\u4f9b\u7d66\u4e0d\u8db3\u306f\u3057\u3070\u3089\u304f\u7d9a\u304f\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>\u30de\u30a4\u30b1\u30eb\u30fb\u30d9\u30a4\u30ab\u30fc &#8212; D.A.\u30c7\u30d3\u30c3\u30c9\u30bd\u30f3 &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u305d\u3046\u3067\u3059\u304b\u3002\u305d\u3046\u3067\u3059\u306d\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u30b3\u30e1\u30f3\u30c8\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u6b21\u306e\u8cea\u554f\u306fJP\u30e2\u30eb\u30ac\u30f3\u306eChris Horvers\u304b\u3089\u3067\u3059\u3002\u8cea\u554f\u3092\u304a\u9032\u3081\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>Chris Horvers &#8212; J.P.\u30e2\u30eb\u30ac\u30f3 &#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\u3002\u5b63\u7bc0\u6027\u306b\u3064\u3044\u3066\u3067\u3059\u304c\u3001\u7b2c2\u56db\u534a\u671f\u306b\u30d0\u30b9\u30bf\u30d6\u30a8\u30d5\u30a7\u30af\u30c8\u304c\u767a\u751f\u3059\u308b\u3068\u306e\u3053\u3068\u3067\u3057\u305f\u3002\u3053\u306e\u30ac\u30a4\u30c9\u3067\u306f\u3001\u6625\u306e\u8a2a\u308c\u304c\u9045\u304b\u3063\u305f\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u7b2c1\u56db\u534a\u671f\u306b\u898b\u3089\u308c\u305f\u3088\u3046\u306a\u5e73\u5747\u4ee5\u4e0a\u306e\u5b63\u7bc0\u6027\u306f\u60f3\u5b9a\u3057\u3066\u3044\u306a\u3044\u3088\u3046\u3067\u3059\u3002<\/p>\n<p>\u5b9f\u969b\u3001\u5b63\u7bc0\u6027\u306f\u4eca\u5f8c\u4f4e\u4e0b\u3057\u3066\u3044\u304f\u3067\u3057\u3087\u3046\u3002\u3067\u306f\u3001\u6700\u521d\u306e\u8cea\u554f\u3067\u3059\u304c\u3001\u7b2c2\u56db\u534a\u671f\u3082\u30d0\u30b9\u30bf\u30d6\u52b9\u679c\u304c\u7d9a\u304f\u3068\u304a\u8003\u3048\u3067\u3059\u304b\uff1f\u305d\u308c\u304b\u3089\u3001\u901a\u5e38\u306e\u5b63\u7bc0\u6027\u304c\u4e0b\u534a\u671f\u307e\u3067\u4fdd\u305f\u308c\u306a\u3044\u3068\u8003\u3048\u308b\u7406\u7531\u306f\u4f55\u3067\u3059\u304b\uff1f<\/p>\n<p>\u30c6\u30c3\u30c9\u30fb\u30c7\u30c3\u30ab\u30fc &#8212; \u6700\u9ad8\u57f7\u884c\u8cac\u4efb\u8005<\/p>\n<p>Chris\u3001\u306f\u3044\u3002\u3082\u3061\u308d\u3093\u3001\u5b63\u7bc0\u6027\u304c\u4f4e\u4e0b\u3059\u308b\u3068\u306f\u8003\u3048\u3066\u3044\u307e\u305b\u3093\u3002\u6625\u306f\u975e\u5e38\u306b\u5bd2\u304f\u3001\u96e8\u3082\u591a\u304b\u3063\u305f\u306e\u3067\u3059\u304c\u3001\u4e88\u60f3\u3092\u4e0a\u56de\u308b\u7d50\u679c\u3092\u51fa\u3059\u3053\u3068\u304c\u3067\u304d\u307e\u3057\u305f\u3002\u5148\u307b\u3069\u3082\u7533\u3057\u4e0a\u3052\u305f\u3088\u3046\u306b\u3001\u79c1\u305f\u3061\u306f\u901a\u5e38\u3001\u6625\u5148\u4ee5\u964d\u306b\u30ac\u30a4\u30c0\u30f3\u30b9\u3092\u5f15\u304d\u4e0a\u3052\u308b\u3053\u3068\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u3053\u306e\u96fb\u8a71\u4f1a\u8b70\u306e\u6642\u70b9\u3067\u306f\u3001\u7b2c2\u56db\u534a\u671f\u306b\u5165\u308b\u306e\u304c\u65e9\u3059\u304e\u3066\u5224\u65ad\u304c\u3064\u304d\u307e\u305b\u3093\u3002<\/p>\n<p>\u3057\u304b\u3057\u3001\u7b2c1\u56db\u534a\u671f\u306f\u3001\u5929\u5019\u304c\u60aa\u304b\u3063\u305f\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u3001\u4e88\u60f3\u3092\u5927\u304d\u304f\u4e0a\u56de\u3063\u305f\u305f\u3081\u3001\u901a\u671f\u30673\uff05\u306e\u5f15\u304d\u4e0a\u3052\u304c\u5fc5\u8981\u3060\u3068\u8003\u3048\u307e\u3057\u305f\u3002\u7b2c2\u56db\u534a\u671f\u306b\u3064\u3044\u3066\u306f\u3001\u307e\u3060\u5177\u4f53\u7684\u306a\u898b\u901a\u3057\u3092\u7acb\u3066\u3066\u3044\u307e\u305b\u3093\u3002\u5c11\u306a\u304f\u3068\u30821%\u306f\u7b2c2\u56db\u534a\u671f\u306b\u6d41\u5165\u3059\u308b\u3053\u3068\u306f\u5206\u304b\u3063\u3066\u3044\u307e\u3059\u3002\u79c1\u304c\u30db\u30fc\u30e0\u30c7\u30dd\u306b\u5165\u793e\u3057\u3066\u4ee5\u6765\u3001\u6625\u5148\u306e\u58f2\u4e0a\u306f2\u30013\u56de\u3042\u3063\u305f\u306e\u3067\u3059\u304c\u3001\u7b2c2\u56db\u534a\u671f\u3067\u3059\u3079\u3066\u53d6\u308a\u623b\u3059\u3053\u3068\u304c\u3067\u304d\u307e\u3057\u305f\u3002<\/p>\n<p>\u3057\u304b\u3057\u3001\u307e\u3060\u6642\u671f\u304c\u65e9\u3044\u3060\u3051\u3067\u3001\u6700\u5927\u306e\u9031\u306f\u3053\u308c\u304b\u3089\u3067\u3059\u3002\u3057\u304b\u3057\u3001\u307e\u3060\u6642\u671f\u304c\u65e9\u3044\u3060\u3051\u3067\u3001\u6700\u5927\u306e\u9031\u306f\u3053\u308c\u304b\u3089\u3067\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u3042\u307e\u308a\u904e\u4fe1\u306f\u3067\u304d\u307e\u305b\u3093\u304c\u3001\u901a\u5e38\u306e\u30d0\u30b9\u30bf\u30d6\u52b9\u679c\u306e\u4f4e\u4e0b\u3092\u4e88\u60f3\u3057\u3066\u3044\u306a\u3044\u3053\u3068\u306f\u78ba\u304b\u3067\u3059\u3002<\/p>\n<p>Chris Horvers &#8212; J.P. Morgan &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u4e86\u89e3\u3057\u307e\u3057\u305f\u3002\u7d9a\u3044\u3066\u306e\u8cea\u554f\u3067\u3059\u304c\u3001\u591a\u304f\u306e\u30d9\u30f3\u30c0\u30fc\u304c\u3055\u3089\u306a\u308b\u5024\u4e0a\u3052\u306e\u53ef\u80fd\u6027\u3092\u793a\u5506\u3057\u3066\u3044\u307e\u3059\u3002\u30c1\u30b1\u30c3\u30c8\u306e\u5024\u4e0a\u3052\u306e\u3046\u3061\u3001\u3069\u306e\u7a0b\u5ea6\u304c\u30a4\u30f3\u30d5\u30ec\u306b\u3088\u308b\u3082\u306e\u306a\u306e\u304b\u3001\u6559\u3048\u3066\u304f\u3060\u3055\u3044\u3002\u307e\u305f\u3001\u30a4\u30f3\u30d5\u30ec\u7387\u306f\u5e74\u9593\u3092\u901a\u3058\u3066\u3069\u306e\u3088\u3046\u306b\u63a8\u79fb\u3059\u308b\u3068\u304a\u8003\u3048\u3067\u3059\u304b\u3002\u6765\u5e74\u4ee5\u964d\u3001\u5024\u4e0a\u3052\u304c\u9032\u3080\u306b\u3064\u308c\u3066\u3001\u30a4\u30f3\u30d5\u30ec\u7387\u306f\u6a2a\u3070\u3044\u306b\u306a\u3063\u3066\u3044\u304f\u306e\u3067\u3057\u3087\u3046\u304b\u3002\u307e\u305f\u3001\u5e74\u9593\u3092\u901a\u3058\u3066\u8ca9\u58f2\u53f0\u6570\u306f\u30d7\u30e9\u30b9\u306b\u8ee2\u3058\u308b\u3068\u304a\u8003\u3048\u3067\u3057\u3087\u3046\u304b\uff1f<\/p>\n<p>\u30c6\u30c3\u30c9\u30fb\u30c7\u30c3\u30ab\u30fc &#8212; 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Kinnaird &#8212; 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Ciccarelli\u304b\u3089\u3067\u3059\u3002\u3054\u8cea\u554f\u3092\u304a\u805e\u304b\u305b\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>Scot Ciccarelli &#8212; Truist Securities &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u7686\u3055\u3093\u3001\u304a\u306f\u3088\u3046\u3054\u3056\u3044\u307e\u3059\u3002One Home Depot\u306e\u30b5\u30d7\u30e9\u30a4\u30c1\u30a7\u30fc\u30f3\u6226\u7565\u3067\u3001\u3042\u306a\u305f\u65b9\u306f\u4e8b\u5b9f\u4e0a\u3001\u3044\u304f\u3064\u304b\u306e\u65b0\u3057\u3044\u5e02\u5834\u306b\u9032\u51fa\u3057\u3001\u7279\u5b9a\u306e\u5782\u76f4\u5e02\u5834\u306b\u304a\u3051\u308b\u30d7\u30ec\u30bc\u30f3\u30b9\u3092\u62e1\u5927\u3057\u3001TAM\u3092\u62e1\u5927\u3059\u308b\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u3002\u3053\u308c\u3089\u306e\u65b0\u5e02\u5834\u304c\u696d\u7e3e\u306b\u4e0e\u3048\u308b\u5f71\u97ff\u306b\u3064\u3044\u3066\u3001\u305d\u308c\u304cMRO\u3084\u5927\u578b\u30d7\u30ed\u5411\u3051\u306a\u3069\u3001\u6570\u5e74\u524d\u307e\u3067\u306f\u305d\u308c\u307b\u3069\u7af6\u4e89\u529b\u304c\u306a\u304b\u3063\u305f\u5834\u6240\u3067\u3042\u3063\u3066\u3082\u3001\u6f5c\u5728\u7684\u306b\u628a\u63e1\u3059\u308b\u65b9\u6cd5\u306f\u3042\u308b\u306e\u3067\u3057\u3087\u3046\u304b\uff1f<\/p>\n<p>Richard McPhail &#8212; \u30a8\u30b0\u30bc\u30af\u30c6\u30a3\u30d6\u30fb\u30d0\u30a4\u30b9\u30d7\u30ec\u30b8\u30c7\u30f3\u30c8\u517c\u30c1\u30fc\u30d5\u30fb\u30d5\u30a1\u30a4\u30ca\u30f3\u30b7\u30e3\u30eb\u30fb\u30aa\u30d5\u30a3\u30b5\u30fc<\/p>\n<p>\u4e00\u822c\u7684\u306b\u8a00\u3048\u3070\u3001\u904e\u53bb\u306b\u306f\u5fc5\u305a\u3057\u3082\u3067\u304d\u306a\u304b\u3063\u305f\u4fee\u7406\u696d\u8005\u3084\u30ea\u30e2\u30c7\u30e9\u30fc\u306e\u8a08\u753b\u7684\u306a\u8cfc\u5165\u6a5f\u4f1a\u3092\u72d9\u3046\u3053\u3068\u304c\u3067\u304d\u308b\u3068\u3044\u3046\u70b9\u3067\u3001\u79c1\u305f\u3061\u306f\u80fd\u529b\u3092\u9ad8\u3081\u3064\u3064\u3042\u308b\u3053\u3068\u306b\u6e80\u8db3\u3057\u3066\u3044\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u696d\u7e3e\u3078\u306e\u8ca2\u732e\u3068\u3044\u3046\u89b3\u70b9\u304b\u3089\u8003\u3048\u308b\u3068\u3001\u79c1\u305f\u3061\u306fPro\u306e\u305f\u3081\u306b\u30a8\u30b3\u30b7\u30b9\u30c6\u30e0\u3092\u69cb\u7bc9\u3057\u3066\u3044\u308b\u306e\u3067\u3059\u3002\u30d5\u30eb\u30d5\u30a3\u30eb\u30e1\u30f3\u30c8\u3084\u30c7\u30ea\u30d0\u30ea\u30fc\u3060\u3051\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u4ed6\u306e\u8ffd\u968f\u3092\u8a31\u3055\u306a\u3044\u30aa\u30f3\u30e9\u30a4\u30f3\u4f53\u9a13\u304c\u3001\u77ed\u671f\u9593\u3067\u9a5a\u7570\u7684\u306a\u652f\u6301\u3092\u96c6\u3081\u3066\u3044\u308b\u306e\u3067\u3059\u3002<\/p>\n<p>\u307e\u305f\u3001\u5e97\u982d\u3067\u306e\u30d7\u30ed\u30d5\u30a7\u30c3\u30b7\u30e7\u30ca\u30eb\u3068\u306e\u95a2\u4fc2\u3082\u3001\u4ed6\u306e\u8ffd\u968f\u3092\u8a31\u3055\u306a\u3044\u3068\u601d\u3044\u307e\u3059\u3002\u30d8\u30af\u30bf\u30fc\u3001\u3082\u3046\u5c11\u3057\u8a73\u3057\u304f\u8aac\u660e\u3057\u307e\u3057\u3087\u3046\u3002\u3057\u304b\u3057\u3001\u696d\u7e3e\u306b\u95a2\u3057\u3066\u306f\u3001\u904e\u53bb2\u5e74\u9593\u3067400\u5104\u30c9\u30eb\u306e\u6210\u9577\u3092\u9042\u3052\u305f\u3053\u3068\u306b\u975e\u5e38\u306b\u6e80\u8db3\u3057\u3066\u3044\u307e\u3059\u3002\u307e\u305f\u3001\u7b2c2\u56db\u534a\u671f\u306b\u5165\u308a\u30012\u9031\u9593\u306b\u308f\u305f\u3063\u3066\u597d\u8abf\u306a\u30b3\u30f3\u30d7\u3092\u9054\u6210\u3067\u304d\u305f\u3053\u3068\u3092\u5927\u5909\u559c\u3070\u3057\u304f\u601d\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u4eca\u5f8c\u6570\u5e74\u9593\u306f\u3001\u5f53\u793e\u306e\u30e2\u30c7\u30eb\u306e\u3042\u3089\u3086\u308b\u8981\u7d20\u304c\u3001\u3069\u306e\u3088\u3046\u306a\u74b0\u5883\u306b\u304a\u3044\u3066\u3082\u5e02\u5834\u30b7\u30a7\u30a2\u3092\u7372\u5f97\u3059\u308b\u80fd\u529b\u306b\u3064\u306a\u304c\u308b\u3082\u306e\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002\u3067\u3082\u3001\u30d8\u30af\u30bf\u30fc\u3001\u30d7\u30ed\u306b\u3064\u3044\u3066\u5c11\u3057\u8a71\u3057\u3066\u304f\u308c\u308b\u304b\u306a\u3002<\/p>\n<p>\u30d8\u30af\u30c8\u30fc\u30eb\u30fb\u30d1\u30c7\u30a3\u30e9 &#8212; \u30a2\u30a6\u30c8\u30b5\u30a4\u30c9\u30bb\u30fc\u30eb\u30b9\uff06\u30b5\u30fc\u30d3\u30b9\u62c5\u5f53\u4e0a\u7d1a\u526f\u793e\u9577<\/p>\n<p>\u306f\u3044\u3002\u30ea\u30c1\u30e3\u30fc\u30c9\u3068\u30b9\u30b3\u30c3\u30c8\u3001\u79c1\u305f\u3061\u306fPro\u306e\u8a08\u753b\u8cfc\u5165\u3092\u3088\u308a\u591a\u304f\u8a98\u81f4\u3059\u308b\u305f\u3081\u306e\u6a5f\u80fd\u3092\u69cb\u7bc9\u3057\u3066\u3044\u307e\u3059\u3002Pro\u3092\u8a08\u753b\u7684\u306b\u8cfc\u5165\u3059\u308b\u3053\u3068\u3067\u3001\u4ed6\u306e\u591a\u304f\u306e\u6a5f\u4f1a\u3092\u5e97\u8217\u304b\u3089\u5f15\u304d\u96e2\u3059\u3053\u3068\u304c\u3067\u304d\u308b\u306e\u3067\u3059\u3002Richard\u304c\u30a8\u30b3\u30b7\u30b9\u30c6\u30e0\u306b\u3064\u3044\u3066\u8a9e\u308b\u3068\u304d\u3001\u305d\u308c\u306f\u3001\u3042\u3089\u3086\u308b\u30c1\u30e3\u30cd\u30eb\u306b\u304a\u3044\u3066\u3001\u53d6\u5f15\u3068\u30d7\u30ed\u30d5\u30a7\u30c3\u30b7\u30e7\u30ca\u30eb\u4f53\u9a13\u304b\u3089\u6469\u64e6\u3092\u53d6\u308a\u9664\u304f\u305f\u3081\u306e\u6a5f\u80fd\u3092\u5b9f\u73fe\u3059\u308b\u3053\u3068\u3067\u3059\u3002<\/p>\n<p>\u79c1\u305f\u3061\u304c\u884c\u3063\u3066\u3044\u308b\u30b5\u30d7\u30e9\u30a4\u30c1\u30a7\u30fc\u30f3\u3078\u306e\u6295\u8cc7\u306e\u5546\u696d\u5316\u306e\u521d\u671f\u6bb5\u968e\u3067\u306e\u5146\u5019\u3092\u898b\u308b\u3068\u3001\u975e\u5e38\u306b\u52c7\u6c17\u3065\u3051\u3089\u308c\u307e\u3059\u3002\u305d\u3057\u3066\u3001\u30c1\u30fc\u30e0\u3082\u5927\u3044\u306b\u52b1\u307e\u3055\u308c\u3001\u95a2\u308f\u308a\u3001\u5f93\u4e8b\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u30c6\u30c3\u30c9\u30fb\u30c7\u30c3\u30ab\u30fc &#8212; \u6700\u9ad8\u57f7\u884c\u8cac\u4efb\u8005<\/p>\n<p>\u305d\u308c\u304b\u3089\u30b9\u30b3\u30c3\u30c8\u3001TAM\u306eMRO\u90e8\u9580\u306b\u3064\u3044\u3066\u88dc\u8db3\u3059\u308b\u3068\u3001Interline HD Pro\u306e\u30ec\u30ac\u30b7\u30fc\u4e8b\u696d\u3068Home Depot Supply\u306e\u7d44\u307f\u5408\u308f\u305b\u306f\u3001\u3053\u308c\u4ee5\u4e0a\u306a\u3044\u307b\u3069\u7d20\u6674\u3089\u3057\u3044\u3082\u306e\u3067\u3057\u305f\u3002\u3053\u306e\u696d\u754c\u3067\u306fNo.1\u3068No.2\u306e\u30d7\u30ec\u30a4\u30e4\u30fc\u3092\u7d71\u5408\u3057\u305f\u3060\u3051\u3067\u306a\u304f\u3001Home Depot Supply\u306b\u306f\u5f53\u793e\u306e\u4e8b\u696d\u304c\u53c2\u5165\u3057\u3066\u3044\u306a\u3044\u696d\u7a2e\u304c\u3042\u308a\u307e\u3059\u3002\u305d\u306e\u7d50\u679c\u3001MRO\u5e02\u5834\u306eTAM\u306f\u5b9f\u8cea\u7684\u306b2\u500d\u306e\u7d041,000\u5104\u30c9\u30eb\u306b\u62e1\u5927\u3057\u307e\u3057\u305f\u304c\u3001\u5f53\u793e\u306e\u30b7\u30a7\u30a2\u306f\u307e\u306010%\u672a\u6e80\u306b\u3068\u3069\u307e\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u3053\u306e2\u3064\u306e\u4e8b\u696d\u3092\u7d71\u5408\u3059\u308b\u3053\u3068\u3067\u3001\u55b6\u696d\u529b\u3092\u7d71\u5408\u3057\u3001\u304a\u5ba2\u3055\u307e\u3092\u5f93\u6765\u306e\u55b6\u696d\u30c1\u30fc\u30e0\u304b\u3082\u3046\u4e00\u65b9\u306e\u30c1\u30fc\u30e0\u306b\u8a98\u5c0e\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002\u307e\u305f\u3001\u30b5\u30d7\u30e9\u30a4\u30c1\u30a7\u30fc\u30f3\u306e\u7d71\u5408\u3082\u59cb\u3081\u3066\u3044\u307e\u3059\u3002\u96c6\u5408\u4f4f\u5b85\u306f\u975e\u5e38\u306b\u597d\u8abf\u3067\u3001\u65b0\u3057\u3044\u5206\u91ce\u3001\u7279\u306b\u30db\u30b9\u30d4\u30bf\u30ea\u30c6\u30a3\u5206\u91ce\u3067\u306f\u3001\u65c5\u884c\u304c\u56de\u5fa9\u3057\u3066\u304d\u307e\u3057\u305f\u306e\u3067\u3001\u3053\u306e\u5206\u91ce\u3067\u306e\u4e8b\u696d\u5c55\u958b\u304c\u53ef\u80fd\u306b\u306a\u308a\u307e\u3057\u305f\u3002\u30db\u30b9\u30d4\u30bf\u30ea\u30c6\u30a3\u5206\u91ce\u3067\u306f\u3001\u5ba2\u5ba4\u7a3c\u50cd\u7387\u304c\u4e0a\u6607\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u30db\u30b9\u30d4\u30bf\u30ea\u30c6\u30a3\u5206\u91ce\u3067\u306f\u7a3c\u50cd\u7387\u304c\u4e0a\u304c\u308a\u3001\u30d3\u30b8\u30cd\u30b9\u304c\u6d3b\u6cc1\u3092\u5448\u3057\u3066\u3044\u307e\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u79c1\u305f\u3061\u306f\u3001\u3053\u306e\u3088\u3046\u306a\u5782\u76f4\u7d71\u5408\u578b\u7523\u696d\u306b\u304a\u3051\u308bMRO\u306e\u30dd\u30b8\u30b7\u30e7\u30f3\u3092\u3068\u3066\u3082\u6c17\u306b\u5165\u3063\u3066\u3044\u307e\u3059\u3002Shane O&#8217;Kelly\u3068\u5f7c\u306e\u30c1\u30fc\u30e0\u306f\u3001\u3053\u306e\u30d3\u30b8\u30cd\u30b9\u3067\u7d20\u6674\u3089\u3057\u3044\u4ed5\u4e8b\u3092\u3057\u3066\u304f\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>Richard McPhail &#8212; \u30a8\u30b0\u30bc\u30af\u30c6\u30a3\u30d6\u30fb\u30d0\u30a4\u30b9\u30d7\u30ec\u30b8\u30c7\u30f3\u30c8\u517c\u30c1\u30fc\u30d5\u30fb\u30d5\u30a1\u30a4\u30ca\u30f3\u30b7\u30e3\u30eb\u30fb\u30aa\u30d5\u30a3\u30b5\u30fc<\/p>\n<p>TAM\u306e\u8a71\u3067\u3059\u304c\u3001\u7c73\u56fd\u3067\u306f1\u51043,000\u4e07\u4e16\u5e2f\u306e\u3046\u3061\u3001\u7d043,000\u4e07\u4e16\u5e2f\u304c\u96c6\u5408\u4f4f\u5b85\u306b\u4f4f\u3093\u3067\u3044\u308b\u3068\u8a00\u308f\u308c\u3066\u3044\u307e\u3059\u304c\u3001HD Supply\u306e\u8cb7\u53ce\u306b\u3088\u308a\u3001\u96c6\u5408\u4f4f\u5b85\u306b\u3082\u5bfe\u5fdc\u3067\u304d\u308b\u3088\u3046\u306b\u306a\u308a\u307e\u3057\u305f\u3002HD Supply\u306e\u8cb7\u53ce\u306b\u3088\u308a\u3001\u3053\u306eTAM\u304c\u62e1\u5927\u3057\u3001\u30db\u30fc\u30e0\u30fb\u30c7\u30dd\u306e\u30e6\u30cb\u30fc\u30af\u306a\u7279\u8cea\u3068\u306a\u308a\u307e\u3057\u305f\u3002<\/p>\n<p>Scot Ciccarelli &#8212; Truist Securities &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u7d20\u6674\u3089\u3057\u3044\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u6b21\u306e\u8cea\u554f\u306f\u3001\u30d0\u30fc\u30af\u30ec\u30a4\u30ba\u306e\u30ab\u30ec\u30f3\u30fb\u30b7\u30e7\u30fc\u30c8\u3055\u3093\u304b\u3089\u3067\u3059\u3002\u8cea\u554f\u3092\u7d9a\u3051\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>\u30ab\u30ec\u30f3\u30fb\u30b7\u30e7\u30fc\u30c8 &#8212; \u30d0\u30fc\u30af\u30ec\u30a4\u30ba &#8212; 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&#8212; \u30b7\u30c6\u30a3 &#8212; 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&#8212; 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Zaccone &#8212; Citi &#8212; 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McPhail &#8212; 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&#8212; \u6700\u9ad8\u57f7\u884c\u8cac\u4efb\u8005<\/p>\n<p>M&amp;A\u306b\u95a2\u3057\u3066\u306f\u3001\u5f53\u793e\u306f\u5e38\u306b\u7a4d\u6975\u7684\u306a\u6226\u7565\u7684\u4e8b\u696d\u958b\u767a\u30b0\u30eb\u30fc\u30d7\u3092\u7dad\u6301\u3057\u3066\u304a\u308a\u3001\u5f7c\u3089\u306f\u898f\u6a21\u306b\u95a2\u4fc2\u306a\u304f\u3001\u901a\u5e38\u306f\u5c0f\u898f\u6a21\u3067\u3082\u3001\u6a5f\u80fd\u3092\u8ffd\u52a0\u3067\u304d\u308b\u4f01\u696d\u3092\u5e38\u306b\u63a2\u3057\u3066\u3044\u307e\u3059\u3002\u3053\u308c\u307e\u3067\u306b\u3082\u3001\u3055\u307e\u3056\u307e\u306a\u30c7\u30fc\u30bf\u30b7\u30e7\u30c3\u30d7\u3092\u8cb7\u53ce\u3057\u3066\u304d\u305f\u3068\u3044\u3046\u8a71\u3092\u805e\u3044\u305f\u3053\u3068\u304c\u3042\u308b\u3068\u601d\u3044\u307e\u3059\u3002\u3053\u308c\u306f\u73fe\u5728\u9032\u884c\u4e2d\u306e\u30ec\u30d3\u30e5\u30fc\u3067\u3001\u8cb7\u53ce\u306b\u3088\u3063\u3066\u305d\u306e\u5206\u91ce\u3067\u306e\u5f53\u793e\u306e\u958b\u767a\u3092\u52a0\u901f\u3055\u305b\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u3088\u3046\u306a\u80fd\u529b\u3084\u5e02\u5834\u7a7a\u9593\u3092\u7a4d\u6975\u7684\u306b\u63a2\u3057\u3066\u3044\u308b\u3068\u3053\u308d\u3067\u3059\u3002<\/p>\n<p>Steven Zaccone &#8212; Citi &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u308f\u304b\u308a\u307e\u3057\u305f\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>\u53f8\u4f1a<\/p>\n<p>\u6700\u5f8c\u306e\u8cea\u554f\u306f\u3001\u30b4\u30fc\u30c9\u30f3\u30fb\u30cf\u30b9\u30b1\u30c3\u30c8\u306e\u30c1\u30e3\u30c3\u30af\u30fb\u30b0\u30ed\u30e0\u3055\u3093\u304b\u3089\u3067\u3059\u3002\u8cea\u554f\u3092\u304a\u9032\u3081\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>Chuck Grom &#8212; Gordon Haskett Research Advisors &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u304a\u306f\u3088\u3046\u3054\u3056\u3044\u307e\u3059 \u7d20\u6674\u3089\u3057\u3044\u7d50\u679c\u3067\u3059\u306d\u3001\u304a\u3081\u3067\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u30a4\u30f3\u30d5\u30ec\u306b\u3064\u3044\u3066\u3067\u3059\u304c\u3001\u5c0f\u58f2\u4fa1\u683c\u3092\u5f15\u304d\u4e0a\u3052\u305f\u3053\u3068\u3067\u3001\u30e6\u30cb\u30c3\u30c8\u9700\u8981\u304c\u6e1b\u5c11\u3057\u3066\u3044\u308b\u306e\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u304b\uff1f<\/p>\n<p>\u3042\u308b\u3044\u306f\u3001\u30d0\u30b9\u30b1\u30c3\u30c8\u306e\u4e2d\u306b\u30c8\u30ec\u30fc\u30c9\u30c0\u30a6\u30f3\u306e\u5146\u5019\u304c\u3042\u308b\u306e\u3067\u3057\u3087\u3046\u304b\uff1f\u4eca\u671d\u3001\u30a6\u30a9\u30eb\u30de\u30fc\u30c8\u304c\u305d\u306e\u3088\u3046\u306a\u3053\u3068\u3092\u8a00\u3044\u307e\u3057\u305f\u304c\u3001\u3042\u306a\u305f\u306e\u30d0\u30b9\u30b1\u30c3\u30c8\u3068\u5f7c\u3089\u306e\u30d0\u30b9\u30b1\u30c3\u30c8\u306f\u660e\u3089\u304b\u306b\u7570\u306a\u3063\u3066\u3044\u308b\u3053\u3068\u306f\u5206\u304b\u3063\u3066\u3044\u307e\u3059\u3002\u305d\u306e\u70b9\u306b\u3064\u3044\u3066\u306f\u3069\u3046\u3067\u3057\u3087\u3046\u304b\u3002<\/p>\n<p>\u30c6\u30c3\u30c9\u30fb\u30c7\u30c3\u30ab\u30fc &#8212; \u6700\u9ad8\u57f7\u884c\u8cac\u4efb\u8005<\/p>\n<p>Chuck\u3001\u79c1\u305f\u3061\u306f\u74b0\u5883\u306b\u304a\u3051\u308b\u30c8\u30ec\u30fc\u30c9\u30c0\u30a6\u30f3\u3092\u898b\u3066\u3044\u307e\u305b\u3093\u3057\u3001\u304a\u5ba2\u69d8\u306b\u63d0\u4f9b\u3057\u3066\u3044\u308b\u30a4\u30ce\u30d9\u30fc\u30b7\u30e7\u30f3\u306b\u8208\u596e\u3057\u3066\u3044\u307e\u3059\u3002\u30c6\u30c3\u30c9\u306e\u30b3\u30e1\u30f3\u30c8\u3067\u3059\u304c\u3001\u5148\u307b\u3069\u3082\u7533\u3057\u4e0a\u3052\u305f\u3088\u3046\u306b\u3001\u30a4\u30ce\u30d9\u30fc\u30b7\u30e7\u30f3\u306e\u305f\u3081\u306e\u30c8\u30ec\u30fc\u30c9\u30a2\u30c3\u30d7\u304c\u8d77\u3053\u3063\u3066\u3044\u307e\u3059\u3002\u6d88\u8cbb\u8005\u304c\u81ea\u5b85\u3092\u6539\u5584\u3057\u3001\u65b0\u3057\u3044\u30a4\u30ce\u30d9\u30fc\u30b7\u30e7\u30f3\u3092\u53d6\u308a\u5165\u308c\u3088\u3046\u3068\u3059\u308b\u52d5\u304d\u304c\u6d3b\u767a\u306b\u306a\u3063\u3066\u3044\u307e\u3059\u3002\u5148\u307b\u3069\u3001\u96fb\u52d5\u829d\u5208\u308a\u6a5f\u30d3\u30b8\u30cd\u30b9\u3068\u305d\u306e\u6a5f\u4f1a\u306b\u3064\u3044\u3066\u304a\u8a71\u3057\u307e\u3057\u305f\u3002<\/p>\n<p>\u3053\u308c\u306f\u3001\u30c8\u30ec\u30fc\u30c9\u30a2\u30c3\u30d7\u306e\u591a\u304f\u306e\u4f8b\u306e\u4e2d\u306e\u4e00\u4f8b\u306b\u904e\u304e\u307e\u305b\u3093\u3002\u305d\u3057\u3066\u3001\u30d7\u30ed\u30b8\u30a7\u30af\u30c8\u30fb\u30d3\u30b8\u30cd\u30b9\u306b\u3064\u3044\u3066\u306f\u3001\u5148\u307b\u3069\u30b3\u30e1\u30f3\u30c8\u3057\u305f\u3088\u3046\u306b\u3001Pro\u3068\u6d88\u8cbb\u8005\u306e\u4e21\u65b9\u306b\u5bfe\u3057\u3066\u5927\u304d\u306a\u9700\u8981\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<p>Chuck Grom &#8212; Gordon Haskett Research Advisors &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u305d\u3046\u3067\u3059\u304b\u3002\u305d\u308c\u306f\u3088\u304b\u3063\u305f\u3067\u3059\u3002\u6b21\u306bRichard\u3067\u3059\u3002\u4e0a\u534a\u671f\u306e\u30b3\u30f3\u30d7\u304c\u4e0b\u534a\u671f\u3088\u308a\u826f\u3044\u3068\u3044\u3046\u4e88\u60f3\u306b\u3064\u3044\u3066\u3001\u5177\u4f53\u7684\u306b\u6559\u3048\u3066\u304f\u3060\u3055\u3044\u30023\u5e74\u9593\u306e\u30b8\u30aa\u30b9\u30bf\u30c3\u30af\u3067\u306e\u6bd4\u8f03\u3067\u306f\u3001\u304b\u306a\u308a\u4e00\u8cab\u3057\u3066\u3044\u307e\u3059\u306d\u3002<\/p>\n<p>\u305d\u308c\u3068\u3082\u3001\u5f8c\u534a6\u30ab\u6708\u306f\u30c8\u30ec\u30f3\u30c9\u304c\u5c11\u3057\u920d\u5316\u3059\u308b\u3068\u3044\u3046\u4e88\u60f3\u306a\u306e\u3067\u3057\u3087\u3046\u304b\u3002<\/p>\n<p>\u30ea\u30c1\u30e3\u30fc\u30c9\u30fb\u30de\u30af\u30d5\u30a1\u30a4\u30eb &#8212; \u57f7\u884c\u526f\u793e\u9577\u517c\u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u307e\u3060\u65e9\u3044\u3067\u3059\u3002\u7b2c2\u56db\u534a\u671f\u306f\u4eca\u5e74\u6700\u3082\u58f2\u4e0a\u9ad8\u306e\u591a\u3044\u56db\u534a\u671f\u306b\u306a\u308b\u3068\u4e88\u60f3\u3057\u3066\u3044\u307e\u3059\u3002\u307e\u305f\u3001\u4e0a\u534a\u671f\u306f\u4e0b\u534a\u671f\u3088\u308a\u9ad8\u304f\u306a\u308b\u3068\u601d\u3044\u307e\u3059\u304c\u3001\u5e74\u9593\u3092\u901a\u3058\u3066\u30d7\u30e9\u30b9\u306e\u30b3\u30f3\u30d7\u3092\u898b\u8fbc\u3093\u3067\u3044\u307e\u3059\u3002<\/p>\n<p>Chuck Grom &#8212; Gordon Haskett Research Advisors &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u4e0b\u671f\u3067\u3059\u304b\u3002\u305d\u3046\u3067\u3059\u304b\u3002\u3088\u304b\u3063\u305f\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002<\/p>\n<p>\u904b\u55b6\u8005<\/p>\n<p>\u30e4\u30f3\u30c1\u3055\u3093\u3001\u3067\u306f\u6700\u5f8c\u306b\u30b3\u30e1\u30f3\u30c8\u3092\u304a\u9858\u3044\u3057\u307e\u3059\u3002<\/p>\n<p>\u30a4\u30b6\u30d9\u30eb\u30fb\u30e4\u30f3\u30c1\u30fc &#8212; \u30a4\u30f3\u30d9\u30b9\u30bf\u30fc\u30fb\u30ea\u30ec\u30fc\u30b7\u30e7\u30f3\u30ba\u62c5\u5f53\u526f\u793e\u9577<\/p>\n<p>\u30af\u30ea\u30b9\u30c6\u30a3\u30fc\u30f3\u3001\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u30028\u6708\u306e\u7b2c2\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a\u3067\u304a\u8a71\u3067\u304d\u308b\u3053\u3068\u3092\u697d\u3057\u307f\u306b\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>&nbsp;<\/p>\n<p>\u4ee5\u4e0a\u3067\u3059\u3002\u4ed6\u306e\u7ffb\u8a33\u5e0c\u671b\u304c\u3042\u308c\u3070\u3054\u9023\u7d61\u3044\u305f\u3060\u3051\u308c\u3070\u691c\u8a0e\u3044\u305f\u3057\u307e\u3059\u3002<\/p>\n<p>\uff0a\u8aa4\u8a33\u306a\u3069\u304c\u3042\u308b\u304b\u3082\u3057\u308c\u307e\u305b\u3093\u3067\u306e\u53c2\u8003\u7a0b\u5ea6\u306b\u3057\u3066\u3044\u305f\u3060\u304d\u6295\u8cc7\u306f\u81ea\u5df1\u5224\u65ad\u3067\u304a\u9858\u3044\u3057\u307e\u3059\u3002<\/p>\n<p>\u30d6\u30ed\u30b0\u904b\u55b6\u306e\u52b1\u307f\u306b\u306a\u308a\u307e\u3059\u306e\u3067\u3001\u304a\u624b\u6570\u3067\u3059\u304c\u3001\u5fdc\u63f4\u306e\uff11\u65e5\uff11\u30af\u30ea\u30c3\u30af\u3092\u3088\u308d\u3057\u304f\u304a\u9858\u3044\u81f4\u3057\u307e\u3059\u3002<\/p>\n<p>\u2193\u2193\uff1c\u5fdc\u63f4\u30af\u30ea\u30c3\u30af\u304a\u9858\u3044\u3057\u307e\u3059\uff1e<\/p>\n<p><a href=\"https:\/\/stock.blogmura.com\/ranking\/in?p_cid=11122923\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/b.blogmura.com\/stock\/88_31.gif\" alt=\"\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751 \u682a\u30d6\u30ed\u30b0\u3078\" width=\"88\" height=\"31\" border=\"0\"><\/a><br \/>\n<a href=\"https:\/\/stock.blogmura.com\/ranking\/in?p_cid=11122923\" target=\"_blank\" rel=\"noopener\">\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751<\/a><\/p>\n<p><a href=\"https:\/\/stock.blogmura.com\/stockinfo\/ranking\/in?p_cid=11122923\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/b.blogmura.com\/stock\/stockinfo\/88_31.gif\" alt=\"\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751 \u682a\u30d6\u30ed\u30b0 \u682a\u5f0f\u6295\u8cc7\u60c5\u5831\u3078\" width=\"88\" height=\"31\" border=\"0\"><\/a><br \/>\n<a href=\"https:\/\/stock.blogmura.com\/stockinfo\/ranking\/in?p_cid=11122923\" target=\"_blank\" rel=\"noopener\">\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751<\/a><\/p>\n<p><a href=\"https:\/\/stock.blogmura.com\/americastock\/ranking\/in?p_cid=11122923\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/b.blogmura.com\/stock\/americastock\/88_31.gif\" alt=\"\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751 \u682a\u30d6\u30ed\u30b0 \u7c73\u56fd\u682a\u3078\" width=\"88\" height=\"31\" border=\"0\"><\/a><br \/>\n<a href=\"https:\/\/stock.blogmura.com\/americastock\/ranking\/in?p_cid=11122923\" target=\"_blank\" rel=\"noopener\">\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751<\/a><\/p>\n<p><a href=\"https:\/\/stock.blogmura.com\/tenbagger\/ranking\/in?p_cid=11122923\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/b.blogmura.com\/stock\/tenbagger\/88_31.gif\" alt=\"\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751 \u682a\u30d6\u30ed\u30b0 \u30c6\u30f3\u30d0\u30ac\u30fc\u3078\" width=\"88\" height=\"31\" border=\"0\"><\/a><br \/>\n<a href=\"https:\/\/stock.blogmura.com\/tenbagger\/ranking\/in?p_cid=11122923\" target=\"_blank\" rel=\"noopener\">\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u30db\u30fc\u30e0\u30c7\u30dd (NYSE:HD)2022\u5e74\u7b2c1\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a\u306e\u65e5\u672c\u8a9e\u8a33\u3067\u3059\u3002 \u682a\u4fa1\u306f\u8abf\u6574\u4e2d\u3067\u3059\u304c\u6c7a\u7b97\u304c\u3088\u304f\u53cd\u767a\u3057\u307e\u3057\u305f\u306d\u3002\u901a\u671f\u898b\u901a\u3057\u3082\u4e0a\u65b9\u4fee\u6b63\u3057\u9700\u8981\u306f\u5f37\u3044\u3088\u3046\u3067\u3059\u3002 \u30a4\u30f3\u30d5\u30ec\u3084\u30b3\u30b9\u30c8\u5897\u3082\u3042\u308a\u53b3\u3057\u3044\u3068\u601d\u3063\u3066\u3044\u307e\u3057\u305f\u306e\u3067\u9a5a\u304d &#8230; 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