{"id":2068,"date":"2022-10-20T21:59:29","date_gmt":"2022-10-20T12:59:29","guid":{"rendered":"https:\/\/1up-life.blog\/?p=2068"},"modified":"2022-10-20T21:59:29","modified_gmt":"2022-10-20T12:59:29","slug":"ev%e3%80%80%e7%b1%b3%e5%9b%bd%e6%a0%aa%e3%80%80%e3%82%ab%e3%83%b3%e3%83%95%e3%82%a1%e3%83%ac%e3%83%b3%e3%82%b9%e3%82%b3%e3%83%bc%e3%83%ab%e3%80%80%e3%83%86%e3%82%b9%e3%83%a9%e3%80%80%e8%87%aa%e5%8b%95","status":"publish","type":"post","link":"https:\/\/1up-life.blog\/?p=2068","title":{"rendered":"\u30c6\u30b9\u30e9 (TSLA)2022\u5e74\u7b2c3\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a"},"content":{"rendered":"<p>\u30c6\u30b9\u30e9 (TSLA)2022\u5e74\u7b2c3\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a\u306e\u65e5\u672c\u8a9e\u8a33\u3067\u3059\u3002<\/p>\n<p>\u6c7a\u7b97\u81ea\u4f53\u306f\u58f2\u308a\u4e0a\u3052\u304c\u30a2\u30ca\u30ea\u30b9\u30c8\u4e88\u60f3\u3092\u4e0b\u56de\u3063\u3066\u307e\u3059\u304c\u6210\u9577\u7387\u306a\u3069\u306f\u975e\u5e38\u306b\u826f\u304f\u4eca\u5f8c\u3082\u671f\u5f85\u51fa\u6765\u308b\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>\u77ed\u671f\u3067\u306f\u4e71\u9ad8\u4e0b\u3059\u308b\u3068\u601d\u3044\u307e\u3059\u304c\u9577\u671f\u3067\u306f\u975e\u5e38\u306b\u671f\u5f85\u51fa\u6765\u308b\u9298\u67c4\u3067\u3059\u3002\u30b5\u30a4\u30d0\u30fc\u30c8\u30e9\u30c3\u30af\u3001\u30ed\u30dc\u30bf\u30af\u30b7\u30fc\u306a\u3069\u5c06\u6765\u6027\u3082\u3042\u308b\u306e\u3067\u9b45\u529b\u7684\u3067\u3059\u306d\u3002<\/p>\n<p>PER\u306f\u9ad8\u3044\u3067\u3059\u304c\u4ee5\u524d\u306b\u6bd4\u3079\u308c\u3070\u4e0b\u304c\u3063\u3066\u304a\u308a\u6210\u9577\u7387\u306a\u3069\u3092\u8003\u3048\u308b\u3068\u554f\u984c\u306f\u306a\u3044\u3088\u3046\u306b\u601d\u3048\u307e\u3059\u3002<\/p>\n<div id=\"attachment_2069\" style=\"width: 1489px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-2069\" class=\"wp-image-2069 size-full\" src=\"https:\/\/1up-life.blog\/wp-content\/uploads\/2022\/10\/TSLA_2022-10-20_21-55-56.png\" alt=\"\u30c6\u30b9\u30e9 (TSLA)\u682a\u4fa1\" width=\"1479\" height=\"816\" srcset=\"https:\/\/1up-life.blog\/wp-content\/uploads\/2022\/10\/TSLA_2022-10-20_21-55-56.png 1479w, https:\/\/1up-life.blog\/wp-content\/uploads\/2022\/10\/TSLA_2022-10-20_21-55-56-300x166.png 300w, https:\/\/1up-life.blog\/wp-content\/uploads\/2022\/10\/TSLA_2022-10-20_21-55-56-1024x565.png 1024w, https:\/\/1up-life.blog\/wp-content\/uploads\/2022\/10\/TSLA_2022-10-20_21-55-56-768x424.png 768w, https:\/\/1up-life.blog\/wp-content\/uploads\/2022\/10\/TSLA_2022-10-20_21-55-56-940x519.png 940w\" sizes=\"auto, (max-width: 1479px) 100vw, 1479px\" \/><p id=\"caption-attachment-2069\" class=\"wp-caption-text\">\u30c6\u30b9\u30e9 (TSLA)\u682a\u4fa1<\/p><\/div>\n<p>\u524d\u56de\u306e<a href=\"https:\/\/1up-life.blog\/?p=1780\">2022\u5e74\u7b2c2\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a\u306f\u3053\u3061\u3089<\/a>\u3067\u3059\u3002<\/p>\n<p class=\"hh hh3 main-bdr\"><span class=\"big\"><strong>\u30c6\u30b9\u30e9 (TSLA)2022\u5e74\u7b2c3\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a<\/strong><\/span><\/p>\n<p>Call participants:<br \/>\nMartin Viecha<br \/>\nElon Musk &#8212; Chief Executive Officer and Product Architect<br \/>\nZachary Kirkhorn &#8212; Chief Financial Officer<br \/>\nUnknown speaker<br \/>\nAdam Jonas &#8212; Morgan Stanley &#8212; Analyst<br \/>\nColin Langan &#8212; Wells Fargo Securities &#8212; Analyst<br \/>\nColin Rusch &#8212; Oppenheimer and Company &#8212; Analyst<br \/>\nPierre Ferragu &#8212; New Street Research &#8212; Analyst<br \/>\nDrew Baglino &#8212; Senior Vice President, Powertrain and Energy Engineering<br \/>\nToni Sacconaghi &#8212; AllianceBernstein &#8212; Analyst<br \/>\nWilliam Stein &#8212; Truist Securities &#8212; Analyst<br \/>\nMore TSLA analysis<\/p>\n<p>2022\u5e7410\u670819\u65e5\u5348\u5f8c5\u664230\u5206<\/p>\n<p>\u30de\u30fc\u30c6\u30a3\u30f3\u30fb\u30d3\u30a8\u30c1\u30e3<\/p>\n<p>\u7686\u3055\u3093\u3053\u3093\u306b\u3061\u306f\u3001\u30c6\u30b9\u30e9\u306e 2022 \u5e74\u7b2c 3 \u56db\u534a\u671f Q&amp;A \u30a6\u30a7\u30d6\u30ad\u30e3\u30b9\u30c8\u306b\u3088\u3046\u3053\u305d\u3002\u79c1\u306fIR\u62c5\u5f53\u526f\u793e\u9577\u306e\u30de\u30fc\u30c6\u30a3\u30f3\u30fb\u30f4\u30a3\u30a8\u30c1\u30e3\u3068\u7533\u3057\u307e\u3059\u304c\u3001\u672c\u65e5\u306f\u30a4\u30fc\u30ed\u30f3\u30fb\u30de\u30b9\u30af\u3001\u30b6\u30c3\u30ab\u30ea\u30fc\u30fb\u30ab\u30fc\u30af\u30db\u30fc\u30f3\u3001\u305d\u306e\u4ed6\u591a\u304f\u306e\u30a8\u30b0\u30bc\u30af\u30c6\u30a3\u30d6\u304c\u53c2\u52a0\u3057\u3066\u3044\u307e\u3059\u3002\u5f53\u793e\u306e\u7b2c3\u56db\u534a\u671f\u6c7a\u7b97\u306f\u3001\u3053\u306e\u30a6\u30a7\u30d6\u30ad\u30e3\u30b9\u30c8\u3068\u540c\u3058\u30ea\u30f3\u30af\u3067\u516c\u958b\u3057\u305f\u30a2\u30c3\u30d7\u30c7\u30fc\u30c8\u3067\u3001\u7c73\u56fd\u4e2d\u90e8\u6642\u9593\u306e\u5348\u5f8c3\u6642\u9803\u306b\u767a\u8868\u3057\u307e\u3057\u305f\u3002<\/p>\n<p>\u3053\u306e\u96fb\u8a71\u4f1a\u8b70\u3067\u306f\u3001\u5f53\u793e\u306e\u4e8b\u696d\u898b\u901a\u3057\u306b\u3064\u3044\u3066\u8aac\u660e\u3057\u3001\u5c06\u6765\u306b\u3064\u3044\u3066\u306e\u898b\u901a\u3057\u3092\u8ff0\u3079\u308b\u4e88\u5b9a\u3067\u3059\u3002\u3053\u308c\u3089\u306e\u30b3\u30e1\u30f3\u30c8\u306f\u3001\u672c\u65e5\u73fe\u5728\u306b\u304a\u3051\u308b\u79c1\u305f\u3061\u306e\u4e88\u6e2c\u304a\u3088\u3073\u4e88\u60f3\u306b\u3082\u3068\u3065\u304f\u3082\u306e\u3067\u3059\u3002\u5b9f\u969b\u306e\u51fa\u6765\u4e8b\u3084\u7d50\u679c\u306f\u3001SEC\u3078\u306e\u6700\u65b0\u306e\u63d0\u51fa\u66f8\u985e\u306b\u8a18\u8f09\u3055\u308c\u3066\u3044\u308b\u3082\u306e\u3092\u542b\u3080\u3001\u69d8\u3005\u306a\u30ea\u30b9\u30af\u3084\u4e0d\u78ba\u5b9f\u6027\u306b\u3088\u308a\u3001\u5927\u304d\u304f\u7570\u306a\u308b\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u3002\u672c\u65e5\u306e\u96fb\u8a71\u4f1a\u8b70\u306b\u304a\u3051\u308b\u8cea\u7591\u5fdc\u7b54\u306f\u30011\u554f1\u7b54\u65b9\u5f0f\u3067\u304a\u9858\u3044\u3057\u307e\u3059\u3002<br \/>\n\u30a4\u30fc\u30ed\u30f3\u30fb\u30de\u30b9\u30af &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\u517c\u30d7\u30ed\u30c0\u30af\u30c8\u30a2\u30fc\u30ad\u30c6\u30af\u30c8<\/p>\n<p>\u30de\u30fc\u30c6\u30a3\u30f3\u3001\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u305d\u308c\u3067\u306f\u3001\u7b2c3\u56db\u534a\u671f\u3092\u632f\u308a\u8fd4\u3063\u3066\u307f\u305f\u3044\u3068\u601d\u3044\u307e\u3059\u3002\u7b2c3\u56db\u534a\u671f\u3082\u3001\u3055\u307e\u3056\u307e\u306a\u9762\u3067\u8a18\u9332\u7684\u306a\u56db\u534a\u671f\u3068\u306a\u308a\u307e\u3057\u305f\u3002\u55b6\u696d\u5229\u76ca\u7387\u306f\u696d\u754c\u30c8\u30c3\u30d7\u30af\u30e9\u30b9\u306e17\uff05\u306b\u9054\u3057\u307e\u3057\u305f\u3002<\/p>\n<p>\u307e\u305f\u3001\u30d5\u30ea\u30fc\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306f\u7b2c3\u56db\u534a\u671f\u306b30\u5104\u30c9\u30eb\u3092\u8d85\u3048\u3001\u904e\u53bb12\u30f6\u6708\u306790\u5104\u30c9\u30eb\u306b\u8feb\u308b\u52e2\u3044\u3067\u3059\u3002\u7b2c4\u56db\u534a\u671f\u3082\u3001\u5de5\u5834\u306e\u7a3c\u50cd\u7387\u4e0a\u6607\u306b\u4f34\u3044\u3001\u8a18\u9332\u7684\u306a\u696d\u7e3e\u3092\u9054\u6210\u3067\u304d\u308b\u3082\u306e\u3068\u671f\u5f85\u3057\u3066\u3044\u307e\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u672c\u5f53\u306b\u3001\u6728\u3092\u53e9\u3044\u3066\u3001\u58ee\u5927\u306a\u5e74\u672b\u3092\u8fce\u3048\u308b\u3053\u3068\u304c\u3067\u304d\u305d\u3046\u3067\u3059\u3002\u7b2c4\u56db\u534a\u671f\u306f\u975e\u5e38\u306b\u826f\u3044\u72b6\u6cc1\u3067\u3059\u3002<\/p>\n<p>\u751f\u7523\u4f53\u5236\u3067\u306f\u3001\u30ae\u30ac\u30fb\u30d9\u30eb\u30ea\u30f3\u304c1\u9031\u9593\u30672,000\u53f0\u3092\u751f\u7523\u3059\u308b\u3068\u3044\u3046\u65b0\u305f\u306a\u30de\u30a4\u30eb\u30b9\u30c8\u30fc\u30f3\u3092\u9054\u6210\u3057\u3001\u975e\u5e38\u306b\u826f\u3044\u54c1\u8cea\u3067\u6025\u6210\u9577\u3057\u3066\u3044\u307e\u3059\u3002\u30ae\u30ac\u30fb\u30aa\u30fc\u30b9\u30c1\u30f3\u3084\u30ae\u30ac\u30fb\u30c6\u30ad\u30b5\u30b9\u3082\u3001\u307e\u3082\u306a\u304f\u3053\u306e\u30de\u30a4\u30eb\u30b9\u30c8\u30fc\u30f3\u306b\u5230\u9054\u3059\u308b\u306f\u305a\u3067\u3059\u3002\u305d\u3057\u3066\u5b9f\u306f\u3061\u3087\u3046\u3069\u6628\u65e5\u3001\u6628\u65e5\u306e\u30db\u30fc\u30eb\u30c9\u30ec\u30fc\u30c8\u3092\u5916\u633f\u3057\u305f\u3068\u3053\u308d\u30012,000\u53f0\u306b\u306a\u308b\u306e\u3067\u3059\u30024680\u30bb\u30eb\u306e\u751f\u7523\u91cf\u306f\u3001\u7b2c3\u56db\u534a\u671f\u306f\u524d\u56db\u534a\u671f\u306e3\u500d\u306b\u306a\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>4680\u30bb\u30eb\u306b\u3064\u3044\u3066\u306f\u3001\u3088\u3046\u3084\u304f\u6025\u901f\u306a\u666e\u53ca\u304c\u9032\u307f\u3064\u3064\u3042\u308a\u307e\u3059\u3002\u305d\u3057\u3066\u305d\u306e\u751f\u7523\u91cf\u306f\u6025\u901f\u306b\u4f38\u3073\u3066\u304a\u308a\u3001\u4eca\u5f8c\u6570\u30ab\u6708\u306e\u3046\u3061\u306b\u81ea\u52d5\u8eca\u3078\u306e\u642d\u8f09\u304c\u59cb\u307e\u308a\u3001\u3053\u3053\u30c6\u30ad\u30b5\u30b9\u3067\u306e\u751f\u7523\u91cf\u306e\u304b\u306a\u308a\u306e\u90e8\u5206\u3092\u5360\u3081\u308b\u3088\u3046\u306b\u306a\u308b\u3068\u671f\u5f85\u3057\u3066\u3044\u307e\u3059\u3002\u307e\u305f\u3001\u30c6\u30ad\u30b5\u30b9\u306b\u306f4680\u30bb\u30eb\u7528\u306e\u7b2c2\u4e16\u4ee3\u306e\u88fd\u9020\u88c5\u7f6e\u304c\u3042\u308a\u3001\u30d5\u30ea\u30fc\u30e2\u30f3\u30c8\u306b\u3042\u308b\u30aa\u30ea\u30b8\u30ca\u30eb\u306e\u30d1\u30a4\u30ed\u30c3\u30c8\u30e9\u30a4\u30f3\u3068\u3068\u3082\u306b\u3001\u5927\u304d\u306a\u9032\u6b69\u3092\u7d9a\u3051\u3066\u3044\u307e\u3059\u3002\u30d5\u30ea\u30fc\u30e2\u30f3\u30c8\u306e\u5de5\u5834\u30c1\u30fc\u30e0\u306f\u3001\u7b2c3\u56db\u534a\u671f\u306b\u518d\u3073\u8a18\u9332\u7684\u306a\u751f\u7523\u91cf\u3092\u9054\u6210\u3057\u307e\u3057\u305f\u3002<\/p>\n<p>\u305d\u3057\u3066\u3001\u4eca\u5f8c\u3082\u30d5\u30ea\u30fc\u30e2\u30f3\u30c8\u306e\u751f\u7523\u91cf\u3092\u4e0a\u3052\u3066\u3044\u304f\u3064\u3082\u308a\u3067\u3059\u3002\u30aa\u30fc\u30c8\u30d1\u30a4\u30ed\u30c3\u30c8\u306b\u3064\u3044\u3066\u306f\u30019\u6708\u672b\u306b\u7b2c2\u56deAI\u30c7\u30fc\u3092\u958b\u50ac\u3057\u3001\u30aa\u30d7\u30c6\u30a3\u30de\u30b9\u30ed\u30dc\u30c3\u30c8\u306e\u6700\u521d\u306e\u30d7\u30ed\u30c8\u30bf\u30a4\u30d7\u3092\u516c\u958b\u3057\u3001\u5b66\u7fd2\u578b\u30b3\u30f3\u30d4\u30e5\u30fc\u30bf\u30fc\u306e\u30a2\u30c3\u30d7\u30c7\u30fc\u30c8\u3068\u5b8c\u5168\u81ea\u52d5\u904b\u8ee2\u30bd\u30d5\u30c8\u30a6\u30a7\u30a2\u306e\u9ad8\u5ea6\u306a\u6539\u826f\u3092\u767a\u8868\u3057\u307e\u3057\u305f\u3002\u79c1\u305f\u3061\u306e\u30af\u30eb\u30de\u306f\u3001\u30d9\u30fc\u30bf\u7248\u306e\u5b8c\u5168\u81ea\u52d5\u904b\u8ee2\u30e2\u30fc\u30c9\u306760\u30de\u30a4\u30eb\u8fd1\u304f\u3092\u8d70\u884c\u3057\u3001\u3053\u306e\u6570\u5b57\u306f\u6307\u6570\u95a2\u6570\u7684\u306b\u5897\u3048\u7d9a\u3051\u3066\u3044\u307e\u3059\u3002\u3053\u306eAI\u30c7\u30fc\u306e\u76ee\u7684\u306f\u3001\u4eba\u6750\u52df\u96c6\u3092\u884c\u3046\u3053\u3068\u3067\u3057\u305f\u304c\u3001\u4e16\u754c\u30ec\u30d9\u30eb\u306e\u4eba\u5de5\u77e5\u80fd\u30a8\u30f3\u30b8\u30cb\u30a2\u3084\u30b5\u30a4\u30a8\u30f3\u30c6\u30a3\u30b9\u30c8\u306e\u5c65\u6b74\u66f8\u304c\u5927\u91cf\u306b\u9001\u3089\u308c\u3066\u304d\u305f\u306e\u3067\u3059\u3002<\/p>\n<p>\u3064\u307e\u308a\u3001\u4e16\u754c\u3067\u6700\u3082\u512a\u79c0\u306aAI\u7814\u7a76\u8005\u305f\u3061\u304b\u3089\u3001\u591a\u5927\u306a\u95a2\u5fc3\u3092\u96c6\u3081\u305f\u306e\u3067\u3059\u3002\u30c6\u30b9\u30e9\u304c\u8d85\u4e00\u6d41\u3067\u3042\u308b\u3053\u3068\u304c\u3001\u3088\u3046\u3084\u304f\u4e16\u754c\u306e\u5c0f\u3055\u306aAI\u6280\u8853\u8005\u305f\u3061\u306b\u3082\u660e\u3089\u304b\u306b\u306a\u3063\u305f\u3068\u601d\u3046\u306e\u3067\u3001\u3053\u306e\u91cd\u8981\u6027\u306f\u3044\u304f\u3089\u5f37\u8abf\u3057\u3066\u3082\u3057\u304d\u308c\u307e\u305b\u3093\u3002\u3068\u3044\u3046\u3053\u3068\u3067\u3001\u4eca\u671f\u306f\u5317\u7c73\u3067\u30d5\u30eb\u81ea\u52d5\u904b\u8ee2\u306e\u30d9\u30fc\u30bf\u7248\u306e\u30ef\u30a4\u30c9\u30ea\u30ea\u30fc\u30b9\u306b\u8e0f\u307f\u5207\u308b\u898b\u8fbc\u307f\u3067\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u30d5\u30eb\u81ea\u52d5\u904b\u8ee2\u306e\u30d9\u30fc\u30bf\u7248\u3092\u6ce8\u6587\u3057\u305f\u4eba\u306f\u8ab0\u3067\u3082\u3001&#8211;\u30d5\u30eb\u81ea\u52d5\u904b\u8ee2\u306f\u3001\u4eca\u5e74\u3001\u304a\u305d\u3089\u304f\u4eca\u304b\u3089\u7d041\u30ab\u6708\u5f8c\u306b\u3001FSD\u30d9\u30fc\u30bf\u30d7\u30ed\u30b0\u30e9\u30e0\u306b\u30a2\u30af\u30bb\u30b9\u3067\u304d\u308b\u3088\u3046\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n<p>\u305d\u3057\u3066\u3001\u65b0\u305f\u306b\u8eca\u3092\u8cfc\u5165\u3057\u3001\u30d5\u30eb\u81ea\u52d5\u904b\u8ee2\u306e\u30aa\u30d7\u30b7\u30e7\u30f3\u3092\u8cfc\u5165\u3055\u308c\u305f\u65b9\u306f\u3001\u3059\u3050\u306b\u305d\u308c\u3092\u5229\u7528\u3067\u304d\u308b\u3088\u3046\u306b\u306a\u308a\u307e\u3059\u3002\u3067\u3059\u304b\u3089\u3001FSD\u30e2\u30fc\u30c9\u306b\u3057\u305f\u3068\u304d\u306e\u5b89\u5168\u6027\u306f\u3001\u305d\u3046\u3067\u306a\u3044\u3068\u304d\u306e\u5b89\u5168\u6027\u3088\u308a\u3082\u304b\u306a\u308a\u9ad8\u3044\u3068\u3044\u3046\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u3002\u305d\u308c\u3067\u306f\u3001\u9700\u8981\u306b\u95a2\u3057\u3066\u898b\u3066\u307f\u307e\u3057\u3087\u3046\u3002\u3053\u3053\u6570\u9031\u9593\u3001\u9700\u8981\u306b\u3064\u3044\u3066\u591a\u304f\u306e\u8cea\u554f\u304c\u5bc4\u305b\u3089\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u7b2c4\u56db\u534a\u671f\u306e\u9700\u8981\u306f\u975e\u5e38\u306b\u9ad8\u304f\u3001\u4eca\u5f8c\u3001\u751f\u7523\u3059\u308b\u3059\u3079\u3066\u306e\u8eca\u7a2e\u3092\u8ca9\u58f2\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u5de5\u5834\u306f\u30d5\u30eb\u56de\u8ee2\u3067\u7a3c\u50cd\u3057\u3001\u30ea\u30ab\u30d0\u30ea\u30fc\u30e1\u30fc\u30ab\u30fc\u3092\u63d0\u4f9b\u3057\u3001\u55b6\u696d\u5229\u76ca\u7387\u3092\u9ad8\u304f\u7dad\u6301\u3057\u3066\u3044\u307e\u3059\u3002\u79c1\u305f\u3061\u306f\u307e\u3060\u3001\u9053\u8def\u3092\u8d70\u308b\u81ea\u52d5\u8eca\u5168\u4f53\u306b\u5360\u3081\u308b\u5272\u5408\u304c\u975e\u5e38\u306b\u5c0f\u3055\u3044\u306e\u3067\u3059\u300220\u5104\u53f0\u306e\u30c8\u30e9\u30c3\u30af\u306e\u3046\u3061\u3001\u79c1\u305f\u3061\u306f\u7d04350\u4e07\u53f0\u3057\u304b\u6301\u3063\u3066\u3044\u307e\u305b\u3093\u3002<\/p>\n<p>\u3067\u3059\u304b\u3089\u3001\u4e16\u754c\u306e\u30c8\u30e9\u30c3\u30af\u306e1\uff05\u306b\u9054\u3059\u308b\u306b\u306f\u3001\u307e\u3060\u307e\u3060\u9577\u3044\u9053\u306e\u308a\u304c\u3042\u308a\u307e\u3059\u3002\u3067\u306f\u3001\u898b\u3066\u307f\u307e\u3057\u3087\u3046\u3002\u79c1\u306e&#8230;\u4eba\u3005\u306e&#8230;\u3044\u308d\u3044\u308d\u306a\u3053\u3068\u306b\u57fa\u3065\u3044\u3066\u3044\u307e\u3059\u304c\u3001\u78ba\u304b\u306bTwitter\u3067\u8cb7\u3044\u623b\u3057\u306b\u95a2\u3059\u308b\u8cea\u554f\u3092\u53d7\u3051\u308b\u3053\u3068\u304c\u3042\u308a\u307e\u3059\u3002\u53d6\u7de0\u5f79\u4f1a\u306e\u30e1\u30f3\u30d0\u30fc\u5168\u54e1\u304c\u3001\u8cb7\u3044\u623b\u3057\u306b\u3064\u3044\u3066\u306e\u8cea\u554f\u3092\u53d7\u3051\u305f\u3053\u3068\u304c\u3042\u308b\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>\u53d6\u7de0\u5f79\u4f1a\u30ec\u30d9\u30eb\u3067\u306f\u3001\u8cb7\u3044\u623b\u3057\u306e\u30a2\u30a4\u30c7\u30a2\u306b\u3064\u3044\u3066\u5e45\u5e83\u304f\u8b70\u8ad6\u3057\u3066\u304d\u307e\u3057\u305f\u3002\u53d6\u7de0\u5f79\u4f1a\u306f\u4e00\u822c\u306b\u3001\u8cb7\u3044\u623b\u3057\u3092\u884c\u3046\u3053\u3068\u306f\u7406\u306b\u304b\u306a\u3063\u3066\u3044\u308b\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u8cb7\u3044\u623b\u3057\u3092\u884c\u3046\u306b\u306f\u6b63\u3057\u3044\u30d7\u30ed\u30bb\u30b9\u3092\u8e0f\u307e\u306a\u3051\u308c\u3070\u306a\u308a\u307e\u305b\u3093\u3002\u4eee\u306b\u6765\u5e74\u304c\u975e\u5e38\u306b\u53b3\u3057\u3044\u5e74\u3067\u3042\u3063\u305f\u3068\u3057\u3066\u3082\u300150\u5104\u30c9\u30eb\u304b\u3089100\u5104\u30c9\u30eb\u306e\u81ea\u793e\u682a\u8cb7\u3044\u3092\u884c\u3046\u3053\u3068\u304c\u53ef\u80fd\u3067\u3059\u3002<\/p>\n<p>\u3053\u308c\u306f\u5f53\u7136\u3001\u53d6\u7de0\u5f79\u4f1a\u306e\u5be9\u67fb\u3068\u627f\u8a8d\u5f85\u3061\u3067\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u4f55\u3089\u304b\u306e\u610f\u5473\u306e\u3042\u308b\u81ea\u793e\u682a\u8cb7\u3044\u3092\u884c\u3046\u53ef\u80fd\u6027\u306f\u3042\u308a\u307e\u3059\u3002\u7d50\u8ad6\u3068\u3057\u3066\u3001\u5e02\u5834\u95a2\u4fc2\u8005\u306f\u77ed\u671f\u7684\u306a\u3053\u3068\u3070\u304b\u308a\u3092\u8003\u3048\u3066\u3044\u307e\u3059\u304c\u3001\u9577\u671f\u7684\u306a\u8996\u70b9\u306b\u7acb\u3064\u3053\u3068\u304c\u975e\u5e38\u306b\u91cd\u8981\u3067\u3059\u3002\u3053\u306e\u3053\u3068\u306f\u3001\u6295\u8cc7\u5bb6\u306e\u7686\u3055\u3093\u306b\u306f\u3044\u304f\u3089\u5f37\u8abf\u3057\u3066\u3082\u3057\u304d\u308c\u307e\u305b\u3093\u3057\u3001\u9577\u5e74\u306e\u6295\u8cc7\u5bb6\u306e\u7686\u3055\u3093\u306f\u3001\u660e\u3089\u304b\u306b\u30c6\u30b9\u30e9\u306b\u3064\u3044\u3066\u3053\u306e\u3053\u3068\u3092\u8a8d\u8b58\u3057\u3066\u3044\u308b\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>\u5730\u57df\u7684\u306a\u6d6e\u304d\u6c88\u307f\u306f\u3042\u308a\u307e\u3059\u304c\u3001\u9577\u671f\u7684\u306a\u30c8\u30ec\u30f3\u30c9\u306f\u975e\u5e38\u306b\u826f\u3044\u3082\u306e\u3067\u3059\u3002\u6570\u5e74\u524d\u3001\u79c1\u306f\u6c7a\u7b97\u8aac\u660e\u4f1a\u3067\u3001\u30c6\u30b9\u30e9\u306e\u4fa1\u5024\u306f\u5f53\u6642\u5e02\u5834\u3067\u6700\u3082\u6642\u4fa1\u7dcf\u984d\u306e\u5927\u304d\u3044\u4f01\u696d\u3067\u3042\u3063\u305f\u30a2\u30c3\u30d7\u30eb\u3088\u308a\u3082\u9ad8\u304f\u306a\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u3068\u8ff0\u3079\u307e\u3057\u305f\u3002\u5f53\u6642\u306f7000\u5104\u30c9\u30eb\u7a0b\u5ea6\u3060\u3063\u305f\u3068\u601d\u3044\u307e\u3059\u3002\u305d\u3057\u3066\u3001\u305d\u308c\u306b\u306f\u4fe1\u3058\u3089\u308c\u306a\u3044\u3088\u3046\u306a\u5b9f\u884c\u529b\u3068\u3001\u5c11\u306a\u304f\u3068\u3082\u904b\u304c\u5fc5\u8981\u3060\u3068\u8a00\u3044\u307e\u3057\u305f\u304c\u3001\u79c1\u305f\u3061\u306f\u305d\u308c\u3092\u9054\u6210\u3057\u305f\u3060\u3051\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n<p>\u30c6\u30b9\u30e9\u306f\u3001\u5b9f\u969b\u3001\u5f53\u6642\u306e\u30a2\u30c3\u30d7\u30eb\u306e\u6642\u4fa1\u7dcf\u984d\u3092\u8d85\u3048\u308b\u304b\u3001\u8ffd\u3044\u8d8a\u3057\u307e\u3057\u305f\u3002\u305d\u3057\u3066\u4eca\u3001\u79c1\u305f\u3061\u306f\u3001\u30a2\u30c3\u30d7\u30eb\u306e\u73fe\u5728\u306e\u6642\u4fa1\u7dcf\u984d\u3092\u306f\u308b\u304b\u306b\u8d85\u3048\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u3068\u3044\u3046\u610f\u898b\u3092\u6301\u3063\u3066\u3044\u307e\u3059\u3002\u5b9f\u969b\u3001\u79c1\u306f\u30c6\u30b9\u30e9\u304c\u30a2\u30c3\u30d7\u30eb\u3068\u30b5\u30a6\u30b8\u30a2\u30e9\u30e0\u30b3\u3092\u5408\u308f\u305b\u305f\u4ee5\u4e0a\u306e\u4fa1\u5024\u3092\u6301\u3064\u3068\u3044\u3046\u6f5c\u5728\u7684\u306a\u9053\u7b4b\u3092\u8003\u3048\u3066\u3044\u307e\u3059\u3002\u3060\u304b\u3089\u3068\u3044\u3063\u3066\u3001\u305d\u308c\u304c\u5b9f\u73fe\u3059\u308b\u308f\u3051\u3067\u3082\u3001\u7c21\u5358\u306b\u5b9f\u73fe\u3059\u308b\u308f\u3051\u3067\u3082\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n<p>\u5b9f\u969b\u3001\u975e\u5e38\u306b\u96e3\u3057\u3044\u3053\u3068\u3060\u3068\u601d\u3044\u307e\u3059\u3002\u591a\u304f\u306e\u4ed5\u4e8b\u3068\u3001\u975e\u5e38\u306b\u30af\u30ea\u30a8\u30a4\u30c6\u30a3\u30d6\u306a\u65b0\u88fd\u54c1\u3001\u4e8b\u696d\u62e1\u5927\u306e\u7ba1\u7406\u3001\u305d\u3057\u3066\u5e38\u306b\u904b\u304c\u5fc5\u8981\u3067\u3057\u3087\u3046\u3002\u3057\u304b\u3057\u3001\u79c1\u306f\u521d\u3081\u3066\u3001\u30c6\u30b9\u30e9\u304c\u30b5\u30a6\u30b8\u30a2\u30e9\u30e0\u30b3\u306e\u304a\u3088\u305d2\u500d\u306e\u4fa1\u5024\u3092\u6301\u3064\u3088\u3046\u306b\u306a\u308b\u9053\u7b4b\u3092\u898b\u305f\u306e\u3067\u3059\u3002\u3053\u308c\u306f&#8230;\u79c1\u306f\u307e\u3060\u898b\u3066\u3044\u306a\u3044\u306e\u3067\u3059\u304c\u3002<\/p>\n<p>\u3064\u307e\u308a\u3001\u305d\u306e\u3088\u3046\u306a\u53ef\u80fd\u6027\u3092\u898b\u305f\u306e\u306f\u3053\u308c\u304c\u521d\u3081\u3066\u306a\u306e\u3067\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u79c1\u305f\u3061\u306f\u7d20\u6674\u3089\u3057\u3044\u88fd\u54c1\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u3092\u6709\u3057\u3066\u3044\u307e\u3059\u3002\u5730\u7403\u4e0a\u306e\u3069\u306e\u4f01\u696d\u3088\u308a\u3082\u30a8\u30ad\u30b5\u30a4\u30c6\u30a3\u30f3\u30b0\u306a\u88fd\u54c1\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u3092\u6301\u3063\u3066\u3044\u308b\u3068\u601d\u3044\u307e\u3059\u3057\u3001\u3054\u5b58\u77e5\u306e\u3082\u306e\u3082\u3042\u308c\u3070\u3001\u305d\u3046\u3067\u306a\u3044\u3082\u306e\u3082\u3042\u308a\u307e\u3059\u3002\u30b5\u30a4\u30d0\u30fc\u30c8\u30e9\u30c3\u30af\u306f\u6700\u7d42\u6bb5\u968e\u306b\u5165\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u30ae\u30ac\u30fb\u30c6\u30ad\u30b5\u30b9\u3067\u30b5\u30a4\u30d0\u30fc\u30c8\u30e9\u30c3\u30af\u306e\u88fd\u9020\u30e9\u30a4\u30f3\u3092\u7acb\u3061\u4e0a\u3052\u3001\u30ed\u30dc\u30c3\u30c8\u30bf\u30af\u30b7\u30fc\u306e\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u8a2d\u8a08\u3092\u5927\u304d\u304f\u524d\u9032\u3055\u305b\u3066\u3044\u307e\u3059\u3002\u305d\u3057\u3066\u30d0\u30c3\u30c6\u30ea\u30fc\u306b\u95a2\u3057\u3066\u306f\u3001\u7c73\u56fd\u5185\u3067\u5e74\u95931,000\u30ae\u30ac\u30ef\u30c3\u30c8\u6642\u306e\u751f\u7523\u80fd\u529b\u3092\u5782\u76f4\u7d71\u5408\u3059\u308b\u3053\u3068\u3092\u76ee\u6a19\u306b\u3001\u53ef\u80fd\u306a\u9650\u308a\u901f\u304f\u52d5\u3044\u3066\u3044\u307e\u3059\u3002\u6b63\u6975\u30c6\u30b9\u30e9\u306e\u7cbe\u88fd\u3082\u3001\u305d\u306e\u305f\u3081\u306b\u731b\u70c8\u306a\u30b9\u30d4\u30fc\u30c9\u3067\u9032\u3081\u3066\u3044\u307e\u3059\u3002\u3053\u308c\u306f\u975e\u5e38\u306b\u30a8\u30ad\u30b5\u30a4\u30c6\u30a3\u30f3\u30b0\u306a\u672a\u6765\u3067\u3042\u308a\u3001\u524d\u4f8b\u306e\u306a\u3044\u672a\u6765\u3060\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>\u3053\u308c\u306f\u3001\u30c6\u30b9\u30e9\u306b\u3044\u308b\u7d20\u6674\u3089\u3057\u3044\u30c1\u30fc\u30e0\u306a\u3057\u306b\u306f\u4e0d\u53ef\u80fd\u306a\u3053\u3068\u3067\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u5de5\u5834\u306e\u5f93\u696d\u54e1\u3001\u30a8\u30f3\u30b8\u30cb\u30a2\u3001\u7d4c\u55b6\u9663\u3001\u305d\u3057\u3066\u30c6\u30b9\u30e9\u306e\u5168\u30c1\u30fc\u30e0\u306b\u3001\u5927\u304d\u306a\u62cd\u624b\u3092\u9001\u308a\u305f\u3044\u3068\u601d\u3044\u307e\u3059\u3002\u3042\u306a\u305f\u65b9\u306f\u7d20\u6674\u3089\u3057\u3044\u3002\u3042\u306a\u305f\u65b9\u306e\u304a\u304b\u3052\u3067\u5b9f\u73fe\u3067\u304d\u305f\u306e\u3067\u3059\u3002<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002\u7686\u3055\u3093\u3001\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>\u30de\u30fc\u30c6\u30a3\u30f3\u30fb\u30f4\u30a3\u30a8\u30c1\u30e3<\/p>\n<p>\u3069\u3046\u3082\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002\u305d\u3057\u3066\u3001\u30b6\u30c3\u30af\u304b\u3089\u3082\u958b\u4f1a\u306e\u6328\u62f6\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<p>\u30b6\u30ab\u30ea\u30fc\u30fb\u30ab\u30fc\u30af\u30db\u30fc\u30f3 &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u306f\u3044\u3002\u3042\u308a\u304c\u3068\u3046\u3001\u30de\u30fc\u30c6\u30a3\u30f3\u3002\u30a4\u30fc\u30ed\u30f3\u306e\u30c6\u30fc\u30de\u306e\u7d9a\u304d\u3067\u3059\u304c\u3001\u7b2c3\u56db\u534a\u671f\u306b\u8a18\u9332\u7684\u306a\u7d0d\u8eca\u53f0\u6570\u3001\u751f\u7523\u53f0\u6570\u3001\u30b9\u30c8\u30ec\u30fc\u30b8\u306e\u5c55\u958b\u3092\u9054\u6210\u3057\u305f\u30c6\u30b9\u30e9\u30c1\u30fc\u30e0\u306b\u611f\u8b1d\u3057\u3001\u304a\u795d\u3044\u3092\u7533\u3057\u4e0a\u3052\u305f\u3044\u306e\u3067\u3059\u3002\u81ea\u52d5\u8eca\u306e\u53ce\u76ca\u6027\u306b\u3064\u3044\u3066\u306f\u3001GAAP\u30d9\u30fc\u30b9\u306e\u55b6\u696d\u5229\u76ca\u7387\u304c17.2\uff05\u3001\u81ea\u52d5\u8eca\u7528\u7c97\u5229\u7387\u304c27.9\uff05\u3067\u3057\u305f\u3002<\/p>\n<p>\u55b6\u696d\u30ec\u30d0\u30ec\u30c3\u30b8\u306e\u6539\u5584\u306b\u3088\u308a\u3001\u55b6\u696d\u5229\u76ca\u7387\u306f\u904e\u53bb\u6700\u9ad8\u306e\u6c34\u6e96\u3068\u306a\u308a\u307e\u3057\u305f\u3002\u3057\u304b\u3057\u3001\u7279\u306b\u7b2c1\u56db\u534a\u671f\u3068\u6bd4\u8f03\u3057\u305f\u5834\u5408\u3001Austin\u3068Berlin\u306e\u7acb\u3061\u4e0a\u3052\u30b3\u30b9\u30c8\u304c\u30de\u30fc\u30b8\u30f3\u306e\u91cd\u8377\u3068\u306a\u308a\u307e\u3057\u305f\u3002\u898f\u5236\u5f53\u5c40\u306b\u3088\u308b\u30af\u30ec\u30b8\u30c3\u30c8\u3092\u9664\u3051\u3070\u3001\u55b6\u696d\u5229\u76ca\u7387\u306f\u904e\u53bb\u6700\u9ad8\u3068\u306a\u308a\u3001\u81ea\u52d5\u8eca\u90e8\u9580\u306e\u58f2\u4e0a\u7dcf\u5229\u76ca\u7387\u306f30%\u8fd1\u304f\u306b\u306a\u3063\u305f\u306f\u305a\u3067\u3059\u3002\u306a\u304a\u3001\u30aa\u30fc\u30b9\u30c6\u30a3\u30f3\u3068\u30d9\u30eb\u30ea\u30f3\u3067\u751f\u7523\u3057\u3066\u3044\u308b\u81ea\u52d5\u8eca\u306f\u3001\u898f\u6a21\u306f\u5c0f\u3055\u3044\u306a\u304c\u3089\u3082\u3001\u53ce\u76ca\u6027\u306b\u30d7\u30e9\u30b9\u306b\u5bc4\u4e0e\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u307e\u305f\u3001\u4ee5\u524d\u306e\u96fb\u8a71\u4f1a\u8b70\u3067\u8a73\u3057\u304f\u3054\u8aac\u660e\u3057\u305f\u3088\u3046\u306b\u3001\u30de\u30af\u30ed\u7d4c\u6e08\u72b6\u6cc1\u306b\u95a2\u9023\u3057\u305f\u30de\u30fc\u30b8\u30f3\u306e\u9006\u98a8\u304c\u7d9a\u3044\u3066\u3044\u307e\u3059\u3002\u7279\u306b\u3001\u539f\u6750\u6599\u3001\u7269\u6d41\u3001\u70ba\u66ff\u306f\u3053\u306e\u56db\u534a\u671f\u306b\u5927\u304d\u306a\u5f71\u97ff\u3092\u4e0e\u3048\u307e\u3057\u305f\u3002\u30a8\u30cd\u30eb\u30ae\u30fc\u306e\u53ce\u76ca\u6027\u306b\u95a2\u3057\u3066\u306f\u3001\u4e3b\u306b\u30e1\u30ac\u30d1\u30c3\u30af\u3068\u30d1\u30ef\u30fc\u30a6\u30a9\u30fc\u30eb\u88fd\u54c1\u306e\u8a18\u9332\u7684\u306a\u6570\u91cf\u306b\u727d\u5f15\u3055\u308c\u3001\u3053\u306e\u4e8b\u696d\u3067\u3053\u308c\u307e\u3067\u3067\u6700\u3082\u5f37\u529b\u306a\u58f2\u4e0a\u7dcf\u5229\u76ca\u3092\u9054\u6210\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3057\u305f\u3002\u904b\u8ee2\u8cc7\u672c\u306b\u30de\u30a4\u30ca\u30b9\u306e\u5f71\u97ff\u3092\u4e0e\u3048\u308b\u8f38\u9001\u4e2d\u306e\u8eca\u4e21\u304c\u5f53\u56db\u534a\u671f\u672b\u306b\u5897\u52a0\u3057\u305f\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u3001\u30d5\u30ea\u30fc\u30fb\u30ad\u30e3\u30c3\u30b7\u30e5\u30fb\u30d5\u30ed\u30fc\u3082\u904e\u53bb\u6700\u9ad8\u3068\u306a\u308a\u307e\u3057\u305f\u3002<\/p>\n<p>\u7279\u306b\u8f38\u9001\u4e2d\u306e\u8eca\u306b\u3064\u3044\u3066\u306f\u300110\u67082\u65e5\u306e\u30d7\u30ec\u30b9\u30ea\u30ea\u30fc\u30b9\u306b\u8a18\u8f09\u3057\u305f\u3068\u304a\u308a\u3001\u5f53\u793e\u304c\u60f3\u5b9a\u3057\u3066\u3044\u306a\u304b\u3063\u305f\u51fa\u5eab\u306e\u7269\u6d41\u80fd\u529b\u306b\u9650\u754c\u304c\u51fa\u59cb\u3081\u3066\u3044\u307e\u3059\u3002\u3053\u306e\u554f\u984c\u306f\u3001\u7279\u306b\u4e0a\u6d77\u304b\u3089\u6b27\u5dde\u3078\u306e\u8239\u4fbf\u3068\u3001\u7c73\u56fd\u3068\u6b27\u5dde\u306e\u4e00\u90e8\u306e\u5730\u57df\u5185\u306e\u30c8\u30e9\u30c3\u30af\u8f38\u9001\u3067\u767a\u751f\u3057\u3066\u3044\u307e\u3059\u3002\u5f53\u793e\u306e\u6b74\u53f2\u7684\u306a\u55b6\u696d\u5f62\u614b\u3067\u3042\u308b\u914d\u9001\u5730\u57df\u3054\u3068\u306e\u4e00\u62ec\u69cb\u7bc9\u306b\u3088\u308a\u3001\u5404\u56db\u534a\u671f\u306e\u6700\u7d42\u9031\u306b\u30a2\u30a6\u30c8\u30d0\u30a6\u30f3\u30c9\u7269\u6d41\u30cb\u30fc\u30ba\u304c\u6975\u7aef\u306b\u96c6\u4e2d\u3059\u308b\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n<p>\u3061\u306a\u307f\u306b\u3001\u7b2c3\u56db\u534a\u671f\u306e\u914d\u9001\u306e\u7d043\u5206\u306e2\u306f9\u6708\u306b\u30013\u5206\u306e1\u306f\u6700\u5f8c\u306e2\u9031\u9593\u306b\u767a\u751f\u3057\u3066\u3044\u307e\u3059\u3002\u305d\u306e\u305f\u3081\u3001\u5730\u57df\u3054\u3068\u306e\u914d\u9001\u3092\u56db\u534a\u671f\u3092\u901a\u3057\u3066\u5e73\u6e96\u5316\u3057\u3001\u51fa\u8377\u7269\u6d41\u306e\u30d4\u30fc\u30af\u3092\u6291\u3048\u308b\u3088\u3046\u306b\u3057\u307e\u3057\u305f\u3002\u3053\u308c\u306b\u3088\u308a\u3001\u30aa\u30da\u30ec\u30fc\u30b7\u30e7\u30f3\u3092\u7c21\u7d20\u5316\u3057\u3001\u30b3\u30b9\u30c8\u3092\u524a\u6e1b\u3057\u3001\u304a\u5ba2\u69d8\u306e\u4f53\u9a13\u3092\u5411\u4e0a\u3055\u305b\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002\u4eca\u5f8c\u306e\u898b\u901a\u3057\u3068\u3057\u3066\u3001\u79c1\u305f\u3061\u306e\u30b3\u30f3\u30c8\u30ed\u30fc\u30eb\u304c\u53ca\u3070\u306a\u3044\u30b5\u30d7\u30e9\u30a4\u30c1\u30a7\u30fc\u30f3\u306e\u30ea\u30b9\u30af\u3092\u8ffd\u8de1\u3057\u3066\u3044\u308b\u3082\u306e\u306e\u3001\u4eca\u5e74\u306e\u751f\u7523\u306f\u5e74\u738750\uff05\u306e\u6210\u9577\u306b\u5411\u3051\u3066\u9806\u8abf\u306b\u63a8\u79fb\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u7d0d\u671f\u9762\u3067\u306f\u3001\u524d\u8ff0\u306e\u901a\u308a\u3001\u5e74\u672b\u306b\u8f38\u9001\u4e2d\u306e\u8eca\u4e21\u304c\u5897\u52a0\u3059\u308b\u305f\u3081\u300150\uff05\u5f31\u306e\u4f38\u3073\u3068\u306a\u308b\u898b\u8fbc\u307f\u3067\u3059\u3002\u3064\u307e\u308a\u3001\u7b2c4\u56db\u534a\u671f\u306f\u751f\u7523\u3068\u7d0d\u5165\u306e\u9593\u306b\u30ae\u30e3\u30c3\u30d7\u304c\u751f\u3058\u307e\u3059\u304c\u3001\u7b2c1\u56db\u534a\u671f\u306b\u76ee\u7684\u5730\u306b\u5230\u7740\u3057\u305f\u8f38\u9001\u4e2d\u306e\u8eca\u4e21\u306f\u9593\u3082\u306a\u304f\u304a\u5ba2\u69d8\u306b\u7d0d\u5165\u3055\u308c\u308b\u4e88\u5b9a\u3067\u3059\u3002\u30dc\u30b9\u30c8\u30f3\u3068\u30d9\u30eb\u30ea\u30f3\u306e\u30e9\u30f3\u30d7\u30b3\u30b9\u30c8\u306f\u5f15\u304d\u7d9a\u304d\u30de\u30fc\u30b8\u30f3\u306e\u5727\u8feb\u8981\u56e0\u306b\u306a\u308a\u307e\u3059\u304c\u3001\u305d\u306e\u5f71\u97ff\u306f\u7b2c3\u56db\u534a\u671f\u306b\u6bd4\u3079\u308c\u3070\u5c11\u306a\u3044\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002\u307e\u305f\u3001\u30a4\u30fc\u30ed\u30f3\u306e\u8ff0\u3079\u305f\u3088\u3046\u306b\u3001\u79c1\u305f\u3061\u306f\u53ef\u80fd\u306a\u9650\u308a\u591a\u304f\u306e\u8eca\u3092\u88fd\u9020\u3057\u306a\u304c\u3089\u3001\u5f37\u529b\u306a\u55b6\u696d\u5229\u76ca\u7387\u3092\u7dad\u6301\u3057\u7d9a\u3051\u3066\u3044\u308b\u306e\u3067\u3059\u3002<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n<p class=\"hh hh6 main-c main-bdr\"><span class=\"big\"><strong>\u8cea\u7591\u5fdc\u7b54<\/strong><\/span><\/p>\n<p>\u30de\u30fc\u30c6\u30a3\u30f3\u30fb\u30f4\u30a3\u30a8\u30c1\u30e3<\/p>\n<p>\u3069\u3046\u3082\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002\u305d\u3057\u3066\u3001\u307e\u305a\u682a\u4e3b\u306e\u7686\u69d8\u304b\u3089\u306e\u8cea\u554f\u306b\u884c\u304d\u307e\u3057\u3087\u3046\u3002\u6700\u521d\u306e\u682a\u4e3b\u8cea\u554f\u306f\u3001\u30a4\u30f3\u30d5\u30ec\u6291\u5236\u6cd5\u306b\u57fa\u3065\u304f\u6d88\u8cbb\u8005\u7a0e\u63a7\u9664\u306e\u9069\u7528\u3092\u53d7\u3051\u308b\u305f\u3081\u306e\u53b3\u3057\u3044\u30d0\u30c3\u30c6\u30ea\u30fc\u542b\u6709\u91cf\u3068\u7d44\u307f\u7acb\u3066\u8981\u4ef6\u3092\u8003\u3048\u308b\u3068\u3001\u30c6\u30b9\u30e9\u304c\u65e2\u5b58\u304a\u3088\u3073\u8a08\u753b\u4e2d\u306e\u30b5\u30d7\u30e9\u30a4\u30c1\u30a7\u30fc\u30f3\u3092\u901a\u3058\u30662023\u30012024\u30012025\u5e74\u306e\u305d\u308c\u305e\u308c\u3067\u3053\u308c\u3089\u306e\u57fa\u6e96\u3092\u6e80\u305f\u3059\u3053\u3068\u304c\u3067\u304d\u308b\u306e\u304b\u3001\u304a\u8a71\u3044\u305f\u3060\u3051\u307e\u3059\u304b\uff1f<\/p>\n<p>\u30a4\u30fc\u30ed\u30f3\u30fb\u30de\u30b9\u30af &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\u517c\u30d7\u30ed\u30c0\u30af\u30c8\u30a2\u30fc\u30ad\u30c6\u30af\u30c8<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3001\u9ad8\u3044\u30ec\u30d9\u30eb\u3067\u8a00\u3046\u3068\u3001IRA\u306e\u8981\u4ef6\u3092\u5b8c\u5168\u306b\u6e80\u305f\u3059\u3053\u3068\u304c\u3067\u304d\u308b\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002\u8ffd\u52a0\u3057\u307e\u3059\u304b\uff1f<\/p>\n<p>\u30b6\u30ab\u30ea\u30fc\u30fb\u30ab\u30fc\u30af\u30db\u30fc\u30f3 &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3002\u30a4\u30f3\u30d5\u30ec\u6291\u5236\u6cd5\u304c\u6210\u7acb\u3057\u305f\u3053\u3068\u3067\u3001\u81ea\u52d5\u5316\u3092\u52a0\u901f\u3055\u305b\u308b\u3068\u3068\u3082\u306b\u3001\u7c73\u56fd\u5185\u306e\u30d0\u30c3\u30c6\u30ea\u30fc\u30b5\u30d7\u30e9\u30a4\u30c1\u30a7\u30fc\u30f3\u3092\u5927\u898f\u6a21\u306b\u62e1\u5f35\u3059\u308b\u305f\u3081\u306e\u5927\u304d\u306a\u5f8c\u62bc\u3057\u306b\u306a\u308b\u3068\u898b\u3066\u3044\u307e\u3059\u3002\u5e74\u672b\u306b\u306f\u3001\u8ca1\u52d9\u7701\u304b\u3089\u8a73\u7d30\u306a\u30ac\u30a4\u30c0\u30f3\u30b9\u304c\u767a\u8868\u3055\u308c\u308b\u4e88\u5b9a\u3067\u3059\u3002\u305d\u306e\u6642\u307e\u3067\u3001\u9069\u7528\u57fa\u6e96\u3092\u5b8c\u5168\u306b\u6c7a\u5b9a\u3059\u308b\u3053\u3068\u306f\u56f0\u96e3\u3067\u3059\u304c\u3001\u30c6\u30b9\u30e9\u306f\u3001\u30bd\u30fc\u30e9\u30fc\u30fb\u30b9\u30c8\u30ec\u30fc\u30b8\u3084\u96fb\u6c17\u81ea\u52d5\u8eca\u306e\u305f\u3081\u306b\u3001\u305d\u306e\u5927\u304d\u306a\u30b7\u30a7\u30a2\u3092\u7372\u5f97\u3059\u308b\u306e\u306b\u975e\u5e38\u306b\u6709\u5229\u306a\u7acb\u5834\u306b\u3042\u308b\u3068\u4fe1\u3058\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u30a4\u30fc\u30ed\u30f3\u30fb\u30de\u30b9\u30af &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\u517c\u30d7\u30ed\u30c0\u30af\u30c8\u30a2\u30fc\u30ad\u30c6\u30af\u30c8<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3001\u79c1\u305f\u3061\u306f&#8230;\u5148\u307b\u3069\u3082\u8a00\u3044\u307e\u3057\u305f\u304c\u3001\u57fa\u672c\u7684\u306b\u306f\u3001\u30a2\u30e1\u30ea\u30ab\u3067\u5782\u76f4\u7d71\u5408\u3055\u308c\u305f\u5e74\u9593\u751f\u7523\u91cf1,000\u30ae\u30ac\u30ef\u30c3\u30c8\u6642\u3092\u9054\u6210\u3059\u308b\u305f\u3081\u306b\u3001\u4eba\u9593\u304c\u53ef\u80fd\u306a\u9650\u308a\u901f\u304f\u30da\u30c0\u30eb\u3092\u8e0f\u307f\u8fbc\u3093\u3067\u3044\u304f\u3064\u3082\u308a\u3067\u3059\u3002<\/p>\n<p>\u30de\u30fc\u30c6\u30a3\u30f3\u30fb\u30f4\u30a3\u30a8\u30c1\u30e3<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002\u3067\u306f\u3001\u6b21\u306e\u8cea\u554f\u306b\u884c\u304d\u307e\u3057\u3087\u3046\u3002\u6b21\u306e\u8cea\u554f\u306f\u3001\u53d7\u6ce8\u6b8b\u3068\u6700\u8fd1\u306e\u53d7\u6ce8\u52d5\u5411\u3001\u7279\u306b\u7c73\u56fd\u5916\u3001\u7279\u306b\u4e2d\u56fd\u3067\u306e\u53d7\u6ce8\u52d5\u5411\u306b\u3064\u3044\u3066\u3001\u3069\u306e\u3088\u3046\u306a\u30a2\u30c3\u30d7\u30c7\u30fc\u30c8\u304c\u53ef\u80fd\u3067\u3057\u3087\u3046\u304b\uff1f<\/p>\n<p>\u30a4\u30fc\u30ed\u30f3\u30fb\u30de\u30b9\u30af &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\u517c\u30d7\u30ed\u30c0\u30af\u30c8\u30a2\u30fc\u30ad\u30c6\u30af\u30c8<\/p>\n<p>\u4e2d\u56fd\u306f\u4e0d\u6cc1\u306e\u9006\u623b\u308a\u3092\u7d4c\u9a13\u3057\u3066\u304a\u308a\u3001\u305d\u308c\u306f\u4e0d\u52d5\u7523\u5e02\u5834\u3067\u3059\u3002\u30e8\u30fc\u30ed\u30c3\u30d1\u306f\u3001\u30a8\u30cd\u30eb\u30ae\u30fc\u306b\u727d\u5f15\u3055\u308c\u305f\u4e0d\u6cc1\u3067\u3059\u3002\u7c73\u56fd\u306f\u3001\u5317\u7c73\u306f\u304b\u306a\u308a\u5065\u5168\u306a\u72b6\u614b\u3067\u3059\u3002<\/p>\n<p>FRB\u306f\u91d1\u5229\u3092\u5fc5\u8981\u4ee5\u4e0a\u306b\u5f15\u304d\u4e0a\u3052\u3066\u3044\u307e\u3059\u304c\u3001\u3044\u305a\u308c\u306f\u305d\u308c\u306b\u6c17\u3065\u3044\u3066\u307e\u305f\u4e0b\u3052\u308b\u3068\u601d\u3044\u307e\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u9700\u8981\u306f\u4ed6\u306e\u5834\u5408\u3088\u308a\u3082\u5c11\u3057\u9ad8\u304f\u306a\u3063\u3066\u3044\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u5148\u307b\u3069\u7533\u3057\u4e0a\u3052\u305f\u3088\u3046\u306b\u3001\u79c1\u305f\u3061\u306f\u7d20\u6674\u3089\u3057\u3044\u7b2c4\u56db\u534a\u671f\u3092\u8fce\u3048\u3089\u308c\u308b\u3068\u78ba\u4fe1\u3057\u3066\u3044\u307e\u3059\u3057\u3001\u81ea\u52d5\u8eca\u751f\u7523\u8ca9\u58f2\u53f0\u6570\u3082\u3001\u79c1\u305f\u3061\u304c\u898b\u308b\u9650\u308a\u3001\u5c06\u6765\u306b\u308f\u305f\u3063\u3066\u5e74\u5e73\u574750\uff05\u306e\u6210\u9577\u3092\u7d9a\u3051\u3089\u308c\u308b\u3068\u4e88\u60f3\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u30de\u30fc\u30c6\u30a3\u30f3\u30fb\u30f4\u30a3\u30a8\u30c1\u30e3<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>\u30a4\u30fc\u30ed\u30f3\u30fb\u30de\u30b9\u30af &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\u517c\u30d7\u30ed\u30c0\u30af\u30c8\u30a2\u30fc\u30ad\u30c6\u30af\u30c8<\/p>\n<p>\u5b9f\u306f\u3001\u6ce8\u610f\u3057\u305f\u3044\u306e\u306f\u3001\u6bce\u5e7430\uff05\u305a\u3064\u751f\u7523\u53f0\u6570\u3092\u5897\u3084\u3057\u3066\u3044\u304f\u3068\u3044\u3046\u306e\u306f\u3001\u7d0d\u671f\u3092 &#8212; \u7d0d\u671f\u3092\u5e73\u6e96\u5316\u3057\u3001\u6bce\u56db\u534a\u671f\u672b\u306b\u3053\u306e\u3088\u3046\u306a\u7570\u5e38\u306a\u7d0d\u671f\u3092\u8fce\u3048\u306a\u3044\u3088\u3046\u306b\u3057\u3088\u3046\u3068\u3057\u3066\u3044\u308b\u304b\u3089\u3067\u3059\u3002\u8239\u3082\u5217\u8eca\u3082\u81ea\u52d5\u8eca\u904b\u642c\u8239\u3082\u3001\u6ce2\u304c\u5927\u304d\u304f\u306a\u308a\u3059\u304e\u3066\u8db3\u308a\u306a\u304f\u306a\u3063\u305f\u306e\u3067\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u597d\u3080\u3068\u597d\u307e\u3056\u308b\u3068\u306b\u304b\u304b\u308f\u3089\u305a\u3001\u56db\u534a\u671f\u3054\u3068\u306e\u7d0d\u8eca\u3092\u30b9\u30e0\u30fc\u30ba\u306b\u3057\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u306e\u3067\u3059\u3002<\/p>\n<p>\u30de\u30fc\u30c6\u30a3\u30f3\u30fb\u30f4\u30a3\u30a8\u30c1\u30e3<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u6b21\u306e\u8cea\u554f\u3067\u3059\u304c\u3001\u5f53\u9762\u306f\u5e74\u738750\uff05\u306e\u6210\u9577\u3092\u898b\u8fbc\u3093\u3067\u3044\u3089\u3063\u3057\u3083\u3044\u307e\u3059\u304b\uff1f\u3053\u308c\u306f\u3001\u7279\u306b\u4e2d\u56fd\u306e\u56fd\u5185\u5e02\u5834\u306b\u3064\u3044\u3066\u3082\u8a00\u3048\u308b\u3053\u3068\u3067\u3057\u3087\u3046\u304b\u3002\u307e\u305f\u3001\u9700\u8981\u3092\u7dad\u6301\u3059\u308b\u305f\u3081\u306b\u3001\u3069\u306e\u5e02\u5834\u3067\u3082\u8eca\u4e21\u4fa1\u683c\u306e\u5f15\u304d\u4e0b\u3052\u3084\u30a4\u30f3\u30bb\u30f3\u30c6\u30a3\u30d6\u304c\u5fc5\u8981\u306b\u306a\u308b\u3068\u304a\u8003\u3048\u3067\u3059\u304b\uff1f\u305d\u308c\u3068\u3082\u3001\u9700\u8981\u306f\u5b89\u5b9a\u3057\u3066\u3044\u308b\u306e\u3067\u3057\u3087\u3046\u304b\uff1f\u3042\u308b\u3044\u306f\u9ad8\u307e\u3063\u3066\u3044\u308b\u306e\u3067\u3057\u3087\u3046\u304b\uff1f\u305d\u3053\u306b\u306f3\u3064\u306e\u8cea\u554f\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<p>\u30a4\u30fc\u30ed\u30f3\u30fb\u30de\u30b9\u30af &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\u517c\u30d7\u30ed\u30c0\u30af\u30c8\u30a2\u30fc\u30ad\u30c6\u30af\u30c8<\/p>\n<p>\u3055\u3066\u3001\u5148\u307b\u3069\u7533\u3057\u4e0a\u3052\u305f\u3088\u3046\u306b\u3001\u79c1\u305f\u3061\u306f\u3053\u3053\u3067\u53ef\u80fd\u3060\u3068\u601d\u308f\u308c\u308b\u3053\u3068\u306b\u9ad8\u3044\u30ec\u30d9\u30eb\u3067\u7126\u70b9\u3092\u5f53\u3066\u305f\u3044\u3068\u601d\u3044\u307e\u3059\u3002\u79c1\u305f\u3061\u306f&#8230;&#8230;\u79c1\u305f\u3061\u306e\u77e5\u308b\u9650\u308a\u3001\u30c6\u30b9\u30e9\u306f\u5f15\u304d\u7d9a\u304d\u3001\u5e74\u9593\u8907\u5408\u6210\u9577\u738750\uff05\u4ee5\u4e0a\u3067\u7d0d\u8eca\u53f0\u6570\u3068\u58f2\u4e0a\u9ad8\u3092\u4f38\u3070\u3057\u3066\u3044\u304f\u3068\u4fe1\u3058\u3066\u3044\u307e\u3059\u3002\u6642\u6298\u3001\u3082\u3046\u5c11\u3057\u4f4e\u3044\u5e74\u3082\u3042\u308b\u304b\u3082\u3057\u308c\u307e\u305b\u3093\u3057\u3001\u3082\u3046\u5c11\u3057\u9ad8\u3044\u5e74\u3001\u3042\u308b\u3044\u306f\u3082\u3063\u3068\u9ad8\u3044\u5e74\u3082\u3042\u308b\u304b\u3082\u3057\u308c\u307e\u305b\u3093\u3002\u5f53\u793e\u306e\u3044\u304f\u3064\u304b\u306e\u8a08\u753b\u3067\u306f\u3001\u5e74\u9593\u6210\u9577\u7387\u304c50\uff05\u3092\u8d85\u3048\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u3068\u898b\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>Martin Viecha<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u6b21\u306e\u8cea\u554f\u3067\u3059\u304c\u3001\u65b0\u578b\u8eca\u3084FSD\u4ee5\u5916\u306e\u88fd\u54c1\u6a5f\u80fd\u30ed\u30fc\u30c9\u30de\u30c3\u30d7\u3001\u7279\u306b\u65e2\u5b58\u8eca\u7a2e\u306e\u5185\u88c5\u3084\u30d1\u30ef\u30fc\u30c8\u30ec\u30a4\u30f3\u306b\u3064\u3044\u3066\u3001\u3082\u3046\u5c11\u3057\u8a73\u3057\u304f\u6559\u3048\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>\u30a4\u30fc\u30ed\u30f3\u30fb\u30de\u30b9\u30af &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\u517c\u30d7\u30ed\u30c0\u30af\u30c8\u30a2\u30fc\u30ad\u30c6\u30af\u30c8<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3002\u3067\u3082\u3001\u8ab0\u304c\u805e\u304d\u305f\u3044\u306e\uff1f\u7533\u3057\u8a33\u3042\u308a\u307e\u305b\u3093\u304c\u3001\u79c1\u305f\u3061\u306f\u5c06\u6765\u306e\u88fd\u54c1\u767a\u8868\u306b\u98db\u3073\u3064\u304f\u3088\u3046\u306a\u3053\u3068\u306f\u3067\u304d\u307e\u305b\u3093\u3002<\/p>\n<p>\u30b6\u30c3\u30ab\u30ea\u30fc\u30fb\u30ab\u30fc\u30af\u30db\u30fc\u30f3 &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005\uff08CFO<\/p>\n<p>\u7d99\u7d9a\u7684\u306a\u6539\u5584\u3092\u7d04\u675f\u3057\u307e\u3059\u3002<\/p>\n<p>\u30a4\u30fc\u30ed\u30f3\u30fb\u30de\u30b9\u30af &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\u517c\u30d7\u30ed\u30c0\u30af\u30c8\u30a2\u30fc\u30ad\u30c6\u30af\u30c8<\/p>\n<p>\u3048\u3048\u3001\u79c1\u305f\u3061\u306f\u660e\u3089\u304b\u306b&#8230;&#8230;\u3048\u3048\u3002[\u3067\u3082\u3001\u79c1\u305f\u3061\u306f\u7d99\u7d9a\u7684\u306a\u6210\u9577\u306b\u3082\u30b3\u30df\u30c3\u30c8\u3057\u307e\u3059\u3002\u305d\u3046\u3067\u3059\u3002\u30c6\u30b9\u30e9\u3067\u306f\u3001\u5e38\u306b\u7d99\u7d9a\u7684\u306a\u6539\u5584\u306b\u30b3\u30df\u30c3\u30c8\u3057\u3066\u304d\u307e\u3057\u305f\u3002<\/p>\n<p>\u3060\u304b\u3089\u3001\u5f7c\u306e\u53cb\u4eba\u304b\u3089\u3001\u3044\u3064\u8eca\u3092\u8cb7\u3048\u3070\u3044\u3044\u306e\u304b\u3068\u805e\u304b\u308c\u305f\u304b\u3082\u3057\u308c\u307e\u305b\u3093\u304c\u3001\u79c1\u305f\u3061\u306f\u8eca\u3092\u6539\u826f\u3057\u7d9a\u3051\u3066\u3044\u308b\u306e\u3067\u3001\u300c\u4eca\u3060\u300d\u3068\u7b54\u3048\u3066\u3044\u307e\u3059\u3002\u5e38\u306b\u6700\u65b0\u306e\u30c6\u30b9\u30e9\u3092\u3002\u3048\u3048\u3001\u4eca\u3067\u3082\u6700\u65b0\u306e\u30c6\u30b9\u30e9\u304c\u3042\u308a\u307e\u3059\u3088\u3002\u3060\u304b\u3089\u3001\u79c1\u306f\u3042\u307e\u308a&#8230;&#8230;\u305d\u3046\u3067\u3059\u306d\u3001\u30b2\u30a4\u30f3\u306b\u3064\u3044\u3066\u306f\u3001\u30d7\u30ec\u30a4\u30c9\u306e\u3088\u3046\u306a\u5927\u304d\u306a\u6280\u8853\u7684\u30a2\u30c3\u30d7\u30b0\u30ec\u30fc\u30c9\u3082\u3042\u308a\u307e\u3059\u3057\u3002<\/p>\n<p>\u3068\u3053\u308d\u3067\u3001\u30d7\u30ec\u30a4\u30c9\u306e\u30e2\u30c7\u30ebS\u3068X\u306f\u3001\u5730\u7403\u4e0a\u3067\u6700\u9ad8\u306e\u30af\u30eb\u30de\u3060\u3068\u601d\u3044\u307e\u3059\u3002\u79c1\u306e\u610f\u898b\u3067\u306f\u3001\u305d\u308c\u306b\u8fd1\u3044\u3082\u306e\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u4e00\u5ea6\u8a66\u3057\u3066\u307f\u3066\u304f\u3060\u3055\u3044\u3002Epic.<\/p>\n<p>\u30de\u30fc\u30c6\u30a3\u30f3\u30fb\u30d3\u30a8\u30c1\u30e3<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002\u6b21\u306e\u8cea\u554f\u3067\u3059\u304c\u3001\u3053\u306e\u51ac\u3001\u30c9\u30a4\u30c4\u3067\u306f\u60b2\u60e8\u306a\u30a8\u30cd\u30eb\u30ae\u30fc\u5371\u6a5f\u304c\u7d9a\u3044\u3066\u3044\u308b\u3068\u805e\u304d\u307e\u3059\u3002\u30c6\u30b9\u30e9\u306e\u505c\u96fb\u5bfe\u7b56\u306f\u3069\u3046\u306a\u3063\u3066\u3044\u308b\u306e\u3067\u3057\u3087\u3046\u304b\uff1f\u307e\u305f\u3001\u3053\u306e\u305f\u3081\u306b\u30ae\u30ac\u30fb\u30d9\u30eb\u30ea\u30f3\u306e\u751f\u7523\u5897\u5f37\u306b\u9045\u308c\u304c\u51fa\u308b\u3053\u3068\u306f\u306a\u3044\u306e\u3067\u3057\u3087\u3046\u304b\uff1f<\/p>\n<p>\u30b6\u30c3\u30ab\u30ea\u30fc\u30fb\u30ab\u30fc\u30af\u30db\u30fc\u30f3 &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005\uff08CFO<\/p>\n<p>\u3048\u3048\u3001\u627f\u308a\u307e\u3057\u305f\u3002\u3053\u306e\u8cea\u554f\u306b\u3064\u3044\u3066\u306f\u30012\u3064\u306e\u30dd\u30a4\u30f3\u30c8\u304c\u3042\u308b\u3068\u601d\u3044\u307e\u3059\u30021\u3064\u76ee\u306f\u3001\u79c1\u305f\u3061\u304c\u77e5\u3063\u3066\u3044\u308b\u3059\u3079\u3066\u306e\u3053\u3068\u306b\u57fa\u3065\u3044\u3066\u3001\u3053\u308c\u3092\u4f1a\u793e\u306b\u3068\u3063\u3066\u5927\u304d\u306a\u30ea\u30b9\u30af\u3068\u306f\u898b\u306a\u3055\u306a\u3044\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002\u4eee\u306b\u4e00\u5b9a\u671f\u9593\u751f\u7523\u304c\u843d\u3061\u8fbc\u3093\u3060\u3068\u3057\u3066\u3082\u3001\u3053\u308c\u306f\u8fd1\u3044\u5c06\u6765\u306e\u3053\u3068\u3067\u3042\u308a\u3001\u4f1a\u793e\u306e\u9577\u671f\u7684\u306a\u7d4c\u55b6\u306b\u306f\u4f55\u306e\u5f71\u97ff\u3082\u53ca\u307c\u3055\u306a\u3044\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002<\/p>\n<p>\u30a4\u30fc\u30ed\u30f3\u30fb\u30de\u30b9\u30af &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\u517c\u30d7\u30ed\u30c0\u30af\u30c8\u30a2\u30fc\u30ad\u30c6\u30af\u30c8<\/p>\n<p>\u3057\u304b\u3057\u3001\u79c1\u305f\u3061\u306f&#8230;&#8230;\u30c9\u30a4\u30c4\u3067\u306e\u751f\u7523\u3092\u524a\u6e1b\u3057\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u3068\u3044\u3046\u5146\u5019\u306f\u307e\u3063\u305f\u304f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n<p>\u30b6\u30c3\u30ab\u30ea\u30fc\u30fb\u30ab\u30fc\u30af\u30db\u30fc\u30f3 &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3002\u30d0\u30c3\u30af\u30a2\u30c3\u30d7\u306e\u8a08\u753b\u3082\u7acb\u3066\u3066\u3044\u307e\u3059\u3057\u3001\u30b5\u30d7\u30e9\u30a4\u30c1\u30a7\u30fc\u30f3\u306b\u3082\u50cd\u304d\u304b\u3051\u3066\u3044\u307e\u3059\u3002\u307b\u307c\u3059\u3079\u3066\u306e\u30b5\u30d7\u30e9\u30a4\u30e4\u30fc\u304c\u3001\u540c\u69d8\u306b\u6e96\u5099\u3092\u6574\u3048\u3066\u3044\u307e\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u3053\u306e\u4e8b\u614b\u304c\u3069\u3046\u306a\u308b\u304b\u306f\u308f\u304b\u308a\u307e\u305b\u3093\u304c\u3001\u305d\u308c\u307b\u3069\u5fc3\u914d\u3059\u308b\u3088\u3046\u306a\u3053\u3068\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n<p>\u30de\u30fc\u30c6\u30a3\u30f3\u30fb\u30d3\u30a8\u30c1\u30e3<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u6b21\u306e\u8cea\u554f\u3067\u3059\u304c\u3001\u30b5\u30a4\u30d0\u30fc\u30c8\u30e9\u30c3\u30af\u306e\u751f\u7523\u8a08\u753b\u306f\u3069\u3046\u306a\u3063\u3066\u3044\u308b\u306e\u3067\u3057\u3087\u3046\u304b\uff1f\u6700\u521d\u306e\u30d5\u30a7\u30fc\u30ba1\u306e\u751f\u7523\u76ee\u6a19\u306f\u3069\u306e\u304f\u3089\u3044\u3067\u3057\u3087\u3046\u304b\u3002\u307e\u305f\u3001\u4fa1\u683c\u3068\u6700\u7d42\u30c7\u30b6\u30a4\u30f3\u306b\u3064\u3044\u3066\u306f\u3001\u3044\u3064\u3054\u308d\u306e\u30a2\u30c3\u30d7\u30c7\u30fc\u30c8\u304c\u671f\u5f85\u3067\u304d\u307e\u3059\u304b\uff1f<\/p>\n<p>\u767a\u8a00\u8005\u4e0d\u660e<\/p>\n<p>\u5148\u307b\u3069\u30a4\u30fc\u30ed\u30f3\u306f\u3001\u300c\u30b5\u30a4\u30d0\u30fc\u30c8\u30e9\u30c3\u30af\u300d\u306e\u305f\u3081\u306b\u3001\u3053\u3053\u30ae\u30ac\u30c6\u30ad\u30b5\u30b9\u3067\u8a2d\u5099\u6e96\u5099\u3092\u9032\u3081\u3066\u3044\u308b\u3068\u8a00\u3044\u307e\u3057\u305f\u3002\u6765\u5e74\u534a\u3070\u306b\u306f\u521d\u671f\u751f\u7523\u306b\u5165\u308b\u4e88\u5b9a\u3067\u3059\u3002\u79c1\u305f\u3061\u306f\u3001\u65e2\u5b58\u306e\u3059\u3079\u3066\u306e\u30d0\u30c3\u30c6\u30ea\u30fc\u30dc\u30c7\u30a3\u306e\u30c7\u30fc\u30bf\u69cb\u7bc9\u3092\u958b\u59cb\u3057\u307e\u3057\u305f\u3002<\/p>\n<p>\u30a4\u30fc\u30ed\u30f3\u30fb\u30de\u30b9\u30af &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\u517c\u30d7\u30ed\u30c0\u30af\u30c8\u30a2\u30fc\u30ad\u30c6\u30af\u30c8<\/p>\n<p>\u3044\u3064\u30d9\u30fc\u30bf\u7248\u3092\u843d\u3068\u305b\u3070\u3044\u3044\u306e\u304b\uff1f<\/p>\n<p>\u30b9\u30d4\u30fc\u30ab\u30fc\u4e0d\u660e<\/p>\n<p>\u6570\u9031\u9593\u5f8c\u3067\u3059\u3002\u305d\u308c\u306f\u9806\u8abf\u306b\u9032\u3093\u3067\u304a\u308a\u3001\u6765\u5e74\u672b\u304b\u30892023\u5e74\u306b\u304b\u3051\u3066\u3082\u5897\u5f37\u3057\u7d9a\u3051\u307e\u3059\u3002<\/p>\n<p>\u30a4\u30fc\u30ed\u30f3\u30fb\u30de\u30b9\u30af &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\u517c\u30d7\u30ed\u30c0\u30af\u30c8\u30a2\u30fc\u30ad\u30c6\u30af\u30c8<\/p>\n<p>\u7d20\u6674\u3089\u3057\u3044\u3002\u3048\u3048\u3001\u8eca\u306f\u75c5\u307f\u3064\u304d\u306b\u306a\u308a\u305d\u3046\u3067\u3059\u3002\u6b21\u306e\u30ec\u30d9\u30eb\u3067\u306f\u6bbf\u5802\u5165\u308a\u306b\u306a\u308a\u305d\u3046\u3067\u3059\u306d\u3002\u3059\u307f\u307e\u305b\u3093\u3001\u4e88\u60f3\u4ee5\u4e0a\u306b\u9577\u304f\u306a\u3063\u3066\u3057\u307e\u3044\u307e\u3057\u305f\u304c\u3001\u3044\u304f\u3064\u304b\u90aa\u9b54\u304c\u5165\u308a\u307e\u3057\u305f\u3002FedEx\u306e\u3088\u3046\u306a\u975e\u5e38\u8b58\u306a\u30b0\u30ed\u30fc\u30d0\u30eb\u30b5\u30d7\u30e9\u30a4\u30c1\u30a7\u30fc\u30f3\u306e\u4e0d\u8db3\u306a\u3069\u3067\u3059\u3002[Inaudible] 1\u3064\u306a\u3089\u4e0d\u53ef\u6297\u529b\u3067\u3059\u3002<\/p>\n<p>\u30de\u30fc\u30c6\u30a3\u30f3\u30fb\u30d3\u30a8\u30c1\u30e3<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002<\/p>\n<p>\u30a4\u30fc\u30ed\u30f3\u30fb\u30de\u30b9\u30af &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\u517c\u30d7\u30ed\u30c0\u30af\u30c8\u30a2\u30fc\u30ad\u30c6\u30af\u30c8<\/p>\n<p>\u3082\u3061\u308d\u3093\u3067\u3059\u3002\u30c6\u30b9\u30e9\u30fb\u30bb\u30df\u304c\u3042\u308a\u307e\u3059\u306d\u3001\u3082\u3061\u308d\u3093\u300212\u67081\u65e5\u306b\u6700\u521d\u306e\u751f\u7523\u8eca\u30c6\u30b9\u30e9\u30fb\u30bb\u30df\u3092\u30da\u30d7\u30b7\u306b\u5f15\u304d\u6e21\u3057\u307e\u3059\u306d\u3002\u79c1\u306f\u305d\u3053\u306b\u76f4\u63a5\u884c\u304f\u4e88\u5b9a\u3067\u3059\u3002<\/p>\n<p>\u305d\u3057\u3066\u3001\u79c1\u305f\u3061\u306f\u30c6\u30b9\u30e9\u30fb\u30bb\u30df\u306e\u751f\u7523\u3092\u5897\u5f37\u3057\u59cb\u3081\u307e\u3059\u304c\u3001\u3053\u308c\u306f\u6700\u5927\u7d1a\u306e\u4f4e\u91cd\u91cf &#8212; \u5927\u578b\u30c8\u30e9\u30c3\u30af\u3067\u3059\u3002\u30af\u30e9\u30b9A\u30c8\u30e9\u30c3\u30af\u3067\u3059\u3001\u30af\u30e9\u30b9A\u30c8\u30e9\u30c3\u30af\u3002<\/p>\n<p>\u30b6\u30c3\u30ab\u30ea\u30fc\u30fb\u30ab\u30fc\u30af\u30db\u30fc\u30f3 &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u8377\u7269\u306e\u7a4d\u8f09\u91cf\u3092\u72a0\u7272\u306b\u3057\u306a\u3044<\/p>\n<p>\u30a4\u30fc\u30ed\u30f3\u30fb\u30de\u30b9\u30af &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\u517c\u30d7\u30ed\u30c0\u30af\u30c8\u30a2\u30fc\u30ad\u30c6\u30af\u30c8<\/p>\n<p>\u3048\u3048\u3001\u305d\u306e\u901a\u308a\u3067\u3059\u3002\u975e\u5e38\u306b\u91cd\u8981\u306a\u3053\u3068\u3067\u3059\u304c\u3001\u8377\u7269\u306e\u7a4d\u8f09\u91cf\u3092\u72a0\u7272\u306b\u305b\u305a\u3001\u822a\u7d9a\u8ddd\u96e2\u306f500\u30de\u30a4\u30eb\u3067\u3059\u3002<\/p>\n<p>\u30b6\u30c3\u30ab\u30ea\u30fc\u30fb\u30ab\u30fc\u30af\u30db\u30fc\u30f3 &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005\uff08CFO<\/p>\n<p>\u306f\u3063\u304d\u308a\u3055\u305b\u3066\u304a\u304d\u307e\u3059\u304c\u3001\u8ca8\u7269\u3092\u542b\u3081\u3066500\u30de\u30a4\u30eb\u3067\u3059\u3002<\/p>\n<p>\u30a4\u30fc\u30ed\u30f3\u30fb\u30de\u30b9\u30af &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\u517c\u30d7\u30ed\u30c0\u30af\u30c8\u30a2\u30fc\u30ad\u30c6\u30af\u30c8<\/p>\n<p>\u5e73\u5730\u3067\u8ca8\u7269\u3092\u7a4d\u3093\u3067500\u30de\u30a4\u30eb\u3067\u3059\u306d\u3002\u3048\u3048\u3001\u3082\u3061\u308d\u3093\u3067\u3059\u3002\u4e0a\u7a7a\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u305d\u308c\u306f\u7d20\u6674\u3089\u3057\u3044\u3053\u3068\u3067\u3059\u3002<\/p>\n<p>\u3057\u304b\u3057\u91cd\u8981\u306a\u306e\u306f\u3001\u9577\u8ddd\u96e2\u30c8\u30e9\u30c3\u30af\u3067\u3042\u308a\u3001\u91cd\u3044\u8377\u7269\u3092\u7a4d\u3093\u3067\u3082\u5927\u4e08\u592b\u3060\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002\u9577\u8ddd\u96e2\u8d70\u884c\u306e\u5927\u578b\u30af\u30e9\u30b9A\u30c8\u30e9\u30c3\u30af\u3092\u4f5c\u308b\u306e\u306f\u7121\u7406\u3060\u3001\u3068\u3044\u3046\u8a71\u3092\u4f55\u5ea6\u3082\u805e\u304b\u3055\u308c\u307e\u3057\u305f\u3002\u305d\u3057\u3066\u3001\u300c1\u30ad\u30ed\u30b0\u30e9\u30e0\u3042\u305f\u308a\u306e\u30ef\u30c3\u30c8\u6642\u30841\u30de\u30a4\u30eb\u3042\u305f\u308a\u306e\u30ef\u30c3\u30c8\u6642\u306b\u3064\u3044\u3066\u3001\u3042\u306a\u305f\u306e\u60f3\u5b9a\u306f\u3069\u3046\u306a\u3063\u3066\u3044\u307e\u3059\u304b\uff1f\u79c1\u306f\u300c\u3044\u3084\u3001\u305d\u308c\u306f\u7b54\u3048\u306b\u306a\u3063\u3066\u306a\u3044\u300d\u3068\u601d\u3046\u306e\u3067\u3059\u304c\u3001\u6587\u5b57\u901a\u308a\u6570\u5b57\u3092\u63a2\u3057\u3066\u3044\u305f\u3093\u3067\u3059\u3002<\/p>\n<p>\u6570\u5b57\u3058\u3083\u306a\u3044\u3093\u3067\u3059\u3002\u3053\u308c\u306f\u6570\u5b57\u3067\u306f\u306a\u304f\u3001\u8868\u306a\u306e\u3067\u3059\u3002\u5927\u578b\u30c8\u30e9\u30c3\u30af\u8f38\u9001\u306b\u6c34\u7d20\u304c\u5fc5\u8981\u306a\u3044\u306e\u306f\u660e\u3089\u304b\u3067\u3059[\u805e\u304d\u53d6\u308c\u305a]\u3002\u305d\u3057\u3066\u3001\u6765\u5e74\u306b\u304b\u3051\u3066\u30bb\u30df\u306e\u751f\u7523\u91cf\u3092\u5897\u3084\u3057\u3066\u3044\u304f\u4e88\u5b9a\u3067\u3059\u3002<\/p>\n<p>\u3053\u306e\u6642\u70b9\u3067\u7686\u3055\u3093\u3054\u5b58\u3058\u3060\u3068\u601d\u3044\u307e\u3059\u304c\u3001\u751f\u7523\u306e\u5897\u5f37\u306b\u306f\u7d041\u5e74\u304b\u304b\u308a\u307e\u3059\u30022024\u5e74\u306b\u5317\u7c73\u30675\u4e07\u53f0\u306e\u30c6\u30b9\u30e9\u30bb\u30df\u3092\u751f\u7523\u3059\u308b\u3053\u3068\u3092\u66ab\u5b9a\u7684\u306b\u76ee\u6307\u3057\u3066\u3044\u307e\u3059\u3002\u305d\u3057\u3066\u3082\u3061\u308d\u3093\u3001\u5317\u7c73\u4ee5\u5916\u3067\u3082\u62e1\u5927\u3057\u3066\u3044\u304d\u307e\u3059\u3002\u305d\u3057\u3066\u3001\u3053\u308c\u3089\u306e\u8eca\u306f\u3001\u6b63\u78ba\u306a\u4fa1\u683c\u306f\u7533\u3057\u4e0a\u3052\u307e\u305b\u3093\u304c\u3001\u4e57\u7528\u8eca\u3088\u308a\u3082\u306f\u308b\u304b\u306b\u9ad8\u3044\u5024\u6bb5\u3067\u8ca9\u58f2\u3055\u308c\u308b\u3067\u3057\u3087\u3046\u3002<\/p>\n<p>\u3067\u3059\u304b\u3089\u3001\u3053\u306e\u7a2e\u306e\u5927\u578b\u30c8\u30e9\u30c3\u30af\u304c\u6570\u5343\u53f0\u3042\u308c\u3070\u3001\u30e2\u30c7\u30ebY\u6570\u53f0\u306e\u4fa1\u5024\u304c\u3042\u308b\u306e\u3067\u3059\u3002<\/p>\n<p>\u30de\u30fc\u30c6\u30a3\u30f3\u30fb\u30f4\u30a3\u30a8\u30c1\u30e3<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u6b21\u306e\u8cea\u554f\u3067\u3059\u304c\u30014680\u30bb\u30eb\u306e\u30e9\u30f3\u30d7\u306e\u9032\u6357\u72b6\u6cc1\u306f\u3069\u3046\u3067\u3057\u3087\u3046\u304b\u3002\u307e\u305f\u30012170\u30684680\u306e\u3069\u3061\u3089\u306e\u30bb\u30eb\u3092\u642d\u8f09\u3059\u308b\u304b\u306f\u3001\u3069\u306e\u3088\u3046\u306a\u8981\u56e0\u3067\u6c7a\u307e\u308b\u306e\u3067\u3057\u3087\u3046\u304b\u3002\u307e\u305f\u3001\u6765\u5e74\u306f\u3069\u306e\u3088\u3046\u306b\u5909\u5316\u3059\u308b\u306e\u3067\u3057\u3087\u3046\u304b\uff1f<\/p>\n<p>\u30b6\u30ab\u30ea\u30fc\u30fb\u30ab\u30fc\u30af\u30db\u30fc\u30f3 &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005\uff08CFO<\/p>\n<p>Elon\u304c\u8a00\u3063\u305f\u3088\u3046\u306b\u3001\u751f\u7523\u306f\u9806\u8abf\u306b\u9032\u3093\u3067\u3044\u307e\u3059\u3002\u7dcf\u751f\u7523\u91cf\u306f\u524d\u56db\u534a\u671f\u6bd43\u500d\u5897\u3067\u3001\u524d\u56db\u534a\u671f\u306b\u7533\u3057\u4e0a\u3052\u305f\u3088\u3046\u306b\u3001\u4eca\u56db\u534a\u671f\u306f\u9031\u5f53\u305f\u308a1,000\u53f0\u306e\u30bb\u30eb\u3092\u8d85\u3048\u308b\u751f\u7523\u91cf\u306b\u306a\u308a\u305d\u3046\u3067\u3059\u3002\u73fe\u5728\u3001\u79c1\u305f\u3061\u306e\u7126\u70b9\u306f\u3001\u30a4\u30fc\u30ed\u30f3\u306e\u8a00\u8449\u306b\u3082\u3042\u308b\u3088\u3046\u306b\u3001100%\u306e\u7acb\u3061\u4e0a\u3052\u304b\u3089\u30b3\u30b9\u30c8\u3068\u5317\u7c73\u306e\u751f\u7523\u80fd\u529b\u306e\u3055\u3089\u306a\u308b\u62e1\u5927\u3078\u3068\u79fb\u3063\u3066\u3044\u307e\u3059\u30022170\u30684680\u306e\u6bd4\u8f03\u306b\u3064\u3044\u3066\u3067\u3059\u304c\u3001\u79c1\u305f\u3061\u306e\u5de5\u5834\u3067\u306f\u3001\u5de5\u5834\u306e\u8907\u96d1\u3055\u3068\u88fd\u54c1\u306e\u5207\u308a\u66ff\u3048\u3092\u6700\u5c0f\u9650\u306b\u6291\u3048\u306a\u304c\u3089\u3001\u5341\u5206\u306a\u91cf\u306e\u65b0\u88fd\u54c1\u3092\u5e02\u5834\u306b\u6295\u5165\u3057\u3001\u305d\u306e\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u3092\u78ba\u8a8d\u3067\u304d\u308b\u3088\u3046\u306b\u52aa\u3081\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>4680\u306e\u898f\u6a21\u304c\u62e1\u5927\u3057\u3001\u30c6\u30ad\u30b5\u30b9\u5de5\u5834\u306e\u5168\u4f53\u7684\u306a\u5897\u5f37\u304c\u9032\u3080\u306b\u3064\u308c\u3066\u3001\u3053\u306e\u3088\u3046\u306a\u69cb\u6210\u304c\u5909\u5316\u3057\u3066\u3044\u304f\u3067\u3057\u3087\u3046\u3002<\/p>\n<p>\u30a4\u30fc\u30ed\u30f3\u30fb\u30de\u30b9\u30af &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\u517c\u30d7\u30ed\u30c0\u30af\u30c8\u30a2\u30fc\u30ad\u30c6\u30af\u30c8<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3002\u57fa\u672c\u7684\u306b\u30014680\u306e\u751f\u7523\u306f\u6307\u6570\u95a2\u6570\u7684\u306b\u4f38\u3073\u3066\u3044\u307e\u3059\u3002\u305d\u3057\u3066\u3001\u3048\u3048\u3001\u9806\u8abf\u306b\u9032\u3093\u3067\u3044\u307e\u3059\u3002\u79c1\u305f\u3061\u306f\u3001\u3053\u306e&#8230;\u3061\u3087\u3046\u3069\u672a\u6765\u3078\u306e\u5927\u304d\u306a\u80cc\u4e2d\u3092\u898b\u305b\u308b\u3053\u3068\u306b\u306a\u308b\u3068\u898b\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>Zachary Kirkhorn &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005\uff08CFO<\/p>\n[\u805e\u304d\u53d6\u308c\u305a]\n<p>\u30a4\u30fc\u30ed\u30f3\u30fb\u30de\u30b9\u30af &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\u517c\u30d7\u30ed\u30c0\u30af\u30c8\u30a2\u30fc\u30ad\u30c6\u30af\u30c8<\/p>\n<p>\u305d\u3046\u3067\u3059\u3002\u5148\u307b\u3069\u7533\u3057\u4e0a\u3052\u305f\u3088\u3046\u306b\u3001\u79c1\u305f\u3061\u306e\u76ee\u6a19\u306f\u3001\u30c6\u30b9\u30e9\u304c\u7c73\u56fd\u3060\u3051\u3067\u5e74\u95931,000\u30ae\u30ac\u30ef\u30c3\u30c8\u6642\u3092\u751f\u7523\u3067\u304d\u308b\u3088\u3046\u306b\u52aa\u529b\u3059\u308b\u3053\u3068\u3067\u3059\u3002<\/p>\n<p>\u30b9\u30d4\u30fc\u30ab\u30fc\u4e0d\u660e<\/p>\n<p>\u76ee\u6a19\u3092\u9054\u6210\u3059\u308b\u305f\u3081\u306b\u306f\u3001300\u304b\u3089400\u30c6\u30e9\u30ef\u30c3\u30c8\u6642\u5fc5\u8981\u3067\u3059\u3002<\/p>\n<p>\u30a4\u30fc\u30ed\u30f3\u30fb\u30de\u30b9\u30af &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\u517c\u30d7\u30ed\u30c0\u30af\u30c8\u30a2\u30fc\u30ad\u30c6\u30af\u30c8<\/p>\n<p>\u306f\u3044\u3001\u5927\u4f53 &#8212; \u6301\u7d9a\u53ef\u80fd\u306a\u30a8\u30cd\u30eb\u30ae\u30fc\u306b\u79fb\u884c\u3059\u308b\u305f\u3081\u306b\u3001\u79c1\u305f\u3061\u306e\u8a08\u7b97\u3067\u306f\u3001\u5b9a\u7f6e\u3068\u81ea\u52d5\u8eca\u306e\u4e21\u65b9\u3067\u300130\u4e07\u304b\u308940\u4e07\u30ae\u30ac\u30ef\u30c3\u30c8\u6642\u9593\u3001\u307e\u305f\u306f300\u304b\u3089400\u30c6\u30e9\u30ef\u30c3\u30c8\u6642\u9593\u3067\u3059\u3002<\/p>\n<p>\u767a\u8a00\u8005\u4e0d\u660e<\/p>\n<p>\u3064\u307e\u308a\u30011\u3064\u306e\u30bf\u30ef\u30fc\u304c\u305f\u304f\u3055\u3093\u306e\u3082\u306e\u3092\u7d44\u307f\u7acb\u3066\u308b\u3088\u3046\u306a\u5834\u5408\u3001\u307e\u3042\u305f\u304f\u3055\u3093\u306e\u30c6\u30e9\u30ef\u30c3\u30c8\u30a2\u30ef\u30fc\u3092\u5f97\u308b\u3053\u3068\u306b\u306a\u308b\u308f\u3051\u3067\u3059\u3002<\/p>\n<p>\u30a4\u30fc\u30ed\u30f3\u30fb\u30de\u30b9\u30af &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\u517c\u30d7\u30ed\u30c0\u30af\u30c8\u30a2\u30fc\u30ad\u30c6\u30af\u30c8<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3002\u9244\u306f\u975e\u5e38\u306b\u9ad8\u3044\u30c8\u30f3\u6570\u307e\u3067\u30b9\u30b1\u30fc\u30eb\u30a2\u30c3\u30d7\u3067\u304d\u307e\u3059\u3057\u3001\u30cb\u30c3\u30b1\u30eb\u3082\u82e5\u5e72\u542b\u307e\u308c\u307e\u3059\u3002\u6b63\u78ba\u306a\u6bd4\u7387\u306f\u5206\u304b\u308a\u307e\u305b\u3093\u304c\u3001\u304a\u305d\u3089\u304f\u9244\u306e\u30ab\u30bd\u30fc\u30c9\u306e\u65b9\u304c2\u500d\u304f\u3089\u3044\u306b\u306a\u308b\u3068\u601d\u3044\u307e\u3059\u3002\u305d\u3057\u3066\u3001\u30de\u30f3\u30ac\u30f3\u3082\u30ef\u30a4\u30eb\u30c9\u30ab\u30fc\u30c9\u3067\u3059\u3002<\/p>\n<p>\u30b6\u30c3\u30ab\u30ea\u30fc\u30fb\u30ab\u30fc\u30af\u30db\u30fc\u30f3 &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005\uff08CFO<\/p>\n<p>\u305d\u306e\u70b9\u3001\u79c1\u305f\u3061\u306f\u5317\u7c73\u306e\u9244\u30ab\u30bd\u30fc\u30c9\u306e\u4f9b\u7d66\u3092\u7a4d\u6975\u7684\u306b\u8ffd\u6c42\u3057\u3066\u3044\u307e\u3059\u3002\u305d\u306e\u65b9\u6cd5\u306b\u3064\u3044\u3066\u306f&#8230;&#8230;\u305d\u3046\u3067\u3059\u306d\u3001\u5f8c\u65e5\u3001\u8a73\u3057\u304f\u304a\u8a71\u3057\u3057\u307e\u3057\u3087\u3046\u3002<\/p>\n<p>Martin Viecha<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002\u6b21\u306e\u8cea\u554f\u306f\u30bb\u30df\u30c8\u30e9\u30c3\u30af\u306b\u3064\u3044\u3066\u3067\u3059\u304c\u3001\u3053\u308c\u306f\u3082\u3046\u3059\u3067\u306b\u53d6\u308a\u4e0a\u3052\u307e\u3057\u305f\u3002\u3067\u3059\u304b\u3089\u3001\u6b21\u306e\u8cea\u554f\u306b\u306f\u98db\u3070\u3057\u307e\u3059\u3002<\/p>\n<p>\u65b0\u88fd\u54c1\u306e\u512a\u5148\u9806\u4f4d\u3001\u6295\u8cc7\u306e\u67d4\u8edf\u6027\u3001\u65b0\u5de5\u5834\u3068\u5de5\u5834\u62e1\u5f35\u3001\u30b5\u30fc\u30d3\u30b9\u30b5\u30dd\u30fc\u30c8\u30a4\u30f3\u30d5\u30e9\u3001\u751f\u7523\u6027\u30b3\u30b9\u30c8\u5bfe\u7b56\u3001\u9700\u8981\u559a\u8d77\u306e\u4ee3\u66ff\u7b56\u306a\u3069\u3001\u9577\u5f15\u304f\u4e0d\u6cc1\u306b\u7a81\u5165\u3057\u305f\u5834\u5408\u306e\u30c6\u30b9\u30e9\u306e\u8abf\u6574\u65b9\u6cd5\u306b\u3064\u3044\u3066\u304a\u805e\u304b\u305b\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>\u30a4\u30fc\u30ed\u30f3\u30fb\u30de\u30b9\u30af &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\u517c\u30d7\u30ed\u30c0\u30af\u30c8\u30a2\u30fc\u30ad\u30c6\u30af\u30c8<\/p>\n<p>\u7387\u76f4\u306b\u7533\u3057\u4e0a\u3052\u3066\u3001\u79c1\u305f\u3061\u306f\u96e8\u306e\u65e5\u3082\u6674\u308c\u306e\u65e5\u3082\u91d1\u5c5e\u306b\u30da\u30c0\u30eb\u3092\u8e0f\u307f\u8fbc\u3093\u3067\u3044\u307e\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u4e0d\u6cc1\u3067\u3042\u308d\u3046\u3068\u306a\u304b\u308d\u3046\u3068\u3001\u610f\u5473\u306e\u3042\u308b\u65b9\u6cd5\u3067\u751f\u7523\u3092\u6e1b\u3089\u3059\u3053\u3068\u306f\u3057\u3066\u3044\u307e\u305b\u3093\u3002<\/p>\n<p>\u30b6\u30c3\u30ab\u30ea\u30fc\u30fb\u30ab\u30fc\u30af\u30db\u30fc\u30f3 &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005\uff08CFO<\/p>\n<p>1%\u306e\u30dd\u30a4\u30f3\u30c8\u3067\u3059\u306d\u3002<\/p>\n<p>\u30a4\u30fc\u30ed\u30f3\u30fb\u30de\u30b9\u30af &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\u517c\u30d7\u30ed\u30c0\u30af\u30c8\u30a2\u30fc\u30ad\u30c6\u30af\u30c8<\/p>\n<p>\u3048\u3048\u3001\u305d\u306e\u901a\u308a\u3067\u3059\u3002\u4e16\u754c\u306f\u96fb\u6c17\u81ea\u52d5\u8eca\u306b\u79fb\u884c\u3057\u3066\u304a\u308a\u3001\u30ac\u30bd\u30ea\u30f3\u8eca\u306e\u6b8b\u5b58\u4fa1\u5024\u306f\u975e\u5e38\u306b\u4f4e\u304f\u306a\u308b\u305f\u3081\u3001\u73fe\u6642\u70b9\u3067\u65b0\u3057\u3044\u30ac\u30bd\u30ea\u30f3\u8eca\u3092\u8cfc\u5165\u3059\u308b\u306e\u306f\u611a\u304b\u306a\u3053\u3068\u3060\u3068\u3001\u4e00\u822c\u306e\u4eba\u3005\u306f\u8a8d\u8b58\u3057\u3066\u3044\u308b\u3068\u601d\u3044\u307e\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u79c1\u305f\u3061\u306f\u975e\u5e38\u306b\u826f\u3044\u4f4d\u7f6e\u306b\u3044\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u3068\u601d\u3044\u307e\u3059\u3002\u306a\u305c\u306a\u3089\u3001\u57fa\u672c\u7684\u306b\u3001\u4eba\u3005\u306f\u30ac\u30bd\u30ea\u30f3\u8eca\u304b\u3089\u96fb\u6c17\u81ea\u52d5\u8eca\u306b\u79fb\u884c\u3059\u308b\u3068\u3044\u3046\u6c7a\u65ad\u3092\u3057\u305f\u306e\u3067\u3059\u304b\u3089\u3002<\/p>\n<p>\u305d\u3057\u3066\u3001\u767a\u96fb\u3092\u6301\u7d9a\u53ef\u80fd\u306a\u3082\u306e\u306b\u3059\u308b\u305f\u3081\u306b\u306f\u3001\u592a\u967d\u5149\u767a\u96fb\u3068\u98a8\u529b\u767a\u96fb\u3001\u305d\u3057\u3066\u96fb\u529b\u3092\u30d0\u30c3\u30d5\u30a1\u30ea\u30f3\u30b0\u3059\u308b\u305f\u3081\u306e\u5b9a\u7f6e\u7528\u30d0\u30c3\u30c6\u30ea\u30fc\u30d1\u30c3\u30af\u304c\u5fc5\u8981\u3060\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002\u98a8\u529b\u306f\u79fb\u52d5\u6642\u9593\u304c\u77ed\u3044\u306e\u3067\u300124\u6642\u9593365\u65e5\u96fb\u529b\u3092\u4f9b\u7d66\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002\u30a8\u30cd\u30eb\u30ae\u30fc\u8caf\u8535\u30d3\u30b8\u30cd\u30b9\u3001\u3064\u307e\u308a\u5b9a\u7f6e\u578b\u30b9\u30c8\u30ec\u30fc\u30b8\u306f\u3001\u81ea\u52d5\u8eca\u3088\u308a\u3082\u306f\u308b\u304b\u306b\u901f\u3044\u30b9\u30d4\u30fc\u30c9\u3067\u3001\u5e74\u9593150\uff05\u304b\u3089200\uff05\u6210\u9577\u3057\u3066\u3044\u308b\u3068\u898b\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>Zachary Kirkhorn &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005\uff08CFO<\/p>\n<p>\u3059\u307f\u307e\u305b\u3093\u3001\u30de\u30fc\u30c6\u30a3\u30f3\u304c\u767a\u8a00\u3059\u308b\u524d\u306b\u88dc\u8db3\u3057\u3066\u304a\u304d\u307e\u3059\u3002\u30a4\u30fc\u30ed\u30f3\u306e\u6307\u6458\u3092\u88cf\u4ed8\u3051\u308b\u3088\u3046\u306b\u3001\u79c1\u305f\u3061\u306e\u30ad\u30e3\u30c3\u30b7\u30e5\u30d0\u30e9\u30f3\u30b9\u3001\u4e88\u60f3\u3055\u308c\u308b\u30ad\u30e3\u30c3\u30b7\u30e5\u751f\u6210\u91cf\u3001\u4f1a\u793e\u3068\u3057\u3066\u306e\u30de\u30fc\u30b8\u30f3\u306f\u3001\u8cc7\u672c\u8a08\u753b\u3001\u30b9\u30fc\u30d1\u30fc\u30c1\u30e3\u30fc\u30b8\u30e3\u30fc\u62e1\u5f35\u3001\u88fd\u54c1\u30e9\u30a4\u30f3\u30a2\u30c3\u30d7\u3092\u6398\u308a\u4e0b\u3052\u308b\u524d\u306b\u3001\u304b\u306a\u308a\u306e\u4e0b\u964d\u306b\u8010\u3048\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u3068\u601d\u3044\u307e\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u3053\u3053\u6570\u56db\u534a\u671f\u306f\u975e\u5e38\u306b\u597d\u8abf\u306b\u63a8\u79fb\u3057\u3066\u3044\u307e\u3059\u3002\u305d\u3057\u3066\u3053\u308c\u306f\u3001\u30a4\u30fc\u30ed\u30f3\u306e\u8a00\u3046\u3088\u3046\u306b\u3001\u4f1a\u793e\u306b\u3068\u3063\u3066\u6700\u3082\u7a4d\u6975\u7684\u306b\u524d\u9032\u3059\u308b\u771f\u306e\u30c1\u30e3\u30f3\u30b9\u3060\u3068\u79c1\u306f\u601d\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u30a4\u30fc\u30ed\u30f3\u30fb\u30de\u30b9\u30af &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\u517c\u30d7\u30ed\u30c0\u30af\u30c8\u30a2\u30fc\u30ad\u30c6\u30af\u30c8<\/p>\n<p>\u3048\u3048\u3001\u79c1\u305f\u3061\u306f\u3001\u4f8b\u3048\u30702023\u5e74\u304c\u6b8b\u9177\u306a\u4e0d\u6cc1\u306e\u5e74\u3067\u3042\u308b\u3088\u3046\u306a\u30e2\u30c7\u30eb\u3092\u8003\u3048\u3066\u3044\u307e\u3059\u3002\u305d\u306e\u5834\u5408\u3067\u3082\u3001\u79c1\u305f\u3061\u306f\u6709\u610f\u7fa9\u306a\u30ad\u30e3\u30c3\u30b7\u30e5\u3092\u751f\u307f\u51fa\u3057\u307e\u3059\u3002\u305d\u3053\u304b\u3089\u629c\u3051\u51fa\u305b\u3070\u3001[\u805e\u304d\u53d6\u308c\u305a]\u3067\u3059\u3002<\/p>\n<p>Martin Viecha<\/p>\n<p>\u7d20\u6674\u3089\u3057\u3044\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002\u6700\u5f8c\u306e\u6295\u8cc7\u5bb6\u3078\u306e\u8cea\u554f\u3067\u3059\u304c\u3001\u30c6\u30b9\u30e9\u306eSMX\u306b\u3088\u308b\u6700\u521d\u306e\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u304b\u3089\u30013\u3001Y\u306b\u3088\u308b2\u756a\u76ee\u306e\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u3078\u306e\u79fb\u884c\u306b\u3088\u308a\u3001\u58f2\u4e0a\u539f\u4fa1\u304c50\uff05\u524a\u6e1b\u3055\u308c\u307e\u3057\u305f\u3002\u30c6\u30b9\u30e9\u306e\u7b2c3\u306e\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u306f\u3044\u3064\u9803\u30ea\u30ea\u30fc\u30b9\u3055\u308c\u308b\u306e\u3067\u3057\u3087\u3046\u304b\uff1f\u307e\u305f\u3001\u3069\u306e\u7a0b\u5ea6\u306e\u58f2\u4e0a\u539f\u4fa1\u306e\u524a\u6e1b\u3092\u9054\u6210\u3067\u304d\u308b\u3067\u3057\u3087\u3046\u304b\u3002<\/p>\n<p>\u30a4\u30fc\u30ed\u30f3\u30fb\u30de\u30b9\u30af\u6c0f &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\u517c\u30d7\u30ed\u30c0\u30af\u30c8\u30a2\u30fc\u30ad\u30c6\u30af\u30c8<\/p>\n<p>\u6b63\u78ba\u306a\u65e5\u4ed8\u306f\u8a71\u3057\u305f\u304f\u306a\u3044\u306e\u3067\u3059\u304c\u3001\u3053\u308c\u306f&#8230;&#8230;\u3064\u307e\u308a\u3001\u6211\u3005\u306e\u65b0\u8eca\u958b\u767a\u30c1\u30fc\u30e0\u306e\u4e3b\u8981\u306a\u7126\u70b9\u3067\u3042\u308b\u3053\u3068\u306f\u660e\u3089\u304b\u3067\u3059\u3002\u3057\u304b\u3057\u3001\u73fe\u6642\u70b9\u3067\u306f\u3001\u30b5\u30a4\u30d0\u30fc\u30c8\u30e9\u30c3\u30af\u3068\u30bb\u30df\u306e\u30a8\u30f3\u30b8\u30cb\u30a2\u30ea\u30f3\u30b0\u306f\u5b8c\u4e86\u3057\u3066\u3044\u307e\u3059\u3002\u3064\u307e\u308a\u3001\u79c1\u305f\u3061\u304c\u53d6\u308a\u7d44\u3093\u3067\u3044\u308b\u6b21\u4e16\u4ee3\u8eca\u4e21\u306f\u3001\u304a\u305d\u3089\u304f\u300c3\u300d\u3068\u300cY\u300d\u306e\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u3068\u540c\u7a0b\u5ea6\u306e\u30b3\u30b9\u30c8\u306b\u306a\u308b\u3060\u308d\u3046\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002\u306f\u3063\u304d\u308a\u8a00\u3063\u3066\u3001\u3088\u308a\u5c0f\u3055\u304f\u306a\u308b\u3067\u3057\u3087\u3046\u3002<\/p>\n<p>\u3057\u304b\u3057\u3001\u3053\u308c\u306f\u78ba\u5b9f\u306b\u3001\u79c1\u305f\u3061\u306e\u4ed6\u306e\u3059\u3079\u3066\u306e\u8eca\u4e21\u3092\u5408\u308f\u305b\u305f\u751f\u7523\u91cf\u3092\u8d85\u3048\u308b\u3082\u306e\u306b\u306a\u308b\u3068\u601d\u3044\u307e\u3059\u3002\u3064\u307e\u308a\u3001S\u3001X\u30013\u3001Y\u3001\u30b5\u30a4\u30d0\u30fc\u30c8\u30e9\u30c3\u30af\u3001\u30bb\u30df\u304b\u3089\u5b66\u3093\u3060\u3053\u3068\u3092\u3059\u3079\u3066\u3053\u306e\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u306b\u53d6\u308a\u5165\u308c\u308b\u3064\u3082\u308a\u3067\u3059\u3002\u3057\u304b\u3057\u3001\u3042\u306a\u305f\u304c\u4f55\u5ea6\u3082\u304a\u3063\u3057\u3083\u3063\u3066\u3044\u308b\u3088\u3046\u306b\u3001\u79c1\u305f\u3061\u306f2\u5bfe1\u306e\u76ee\u6a19\u3092\u63b2\u3052\u3066\u3044\u307e\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u3082\u3046\u4e00\u5ea650%\u3068\u3044\u3046\u6570\u5b57\u3092\u9054\u6210\u3057\u3088\u3046\u3068\u3057\u3066\u3044\u308b\u306e\u3067\u3059\u3002<\/p>\n<p>2\u3092\u53d6\u308b\u3068\u3044\u3046\u611f\u3058\u3067\u3059\u3002\u3082\u3057\u305d\u308c\u304c\u307e\u3055\u306b[Inaudible]\u3060\u3068\u3057\u305f\u3089\u3001\u73fe\u5728\u30e2\u30c7\u30eb3\u30921\u53f0\u4f5c\u308b\u306e\u306b\u304b\u304b\u308b\u52b4\u529b\u3067\u3001\u3069\u3046\u3084\u3063\u30662\u53f0\u4f5c\u3063\u3066\u3044\u308b\u306e\u3067\u3057\u3087\u3046\u3002<\/p>\n<p>\u30b6\u30c3\u30ab\u30ea\u30fc\u30fb\u30ab\u30fc\u30af\u30db\u30fc\u30f3 &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3002\u52aa\u529b\u306e\u30b3\u30b9\u30c8\u3001\u52b9\u7387\u3002<\/p>\n<p>\u30a4\u30fc\u30ed\u30f3\u30fb\u30de\u30b9\u30af &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\u517c\u30d7\u30ed\u30c0\u30af\u30c8\u30a2\u30fc\u30ad\u30c6\u30af\u30c8<\/p>\n<p>\u8003\u616e\u3059\u308b\u5fc5\u8981\u304c\u3042\u308b\u3002<\/p>\n<p>\u30b6\u30c3\u30ab\u30ea\u30fc\u30fb\u30ab\u30fc\u30af\u30db\u30fc\u30f3\uff08Zachary Kirkhorn\uff09 &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u305d\u3046\u3060\u306d\u3002\u305d\u308c\u3089\u3059\u3079\u3066\u3092\u3002\u640d\u5931\u304c\u534a\u5206\u3001\u904e\u53bb\u304c\u534a\u5206\u3001\u5de5\u5834\u306e\u5e8a\u9762\u7a4d\u304c\u534a\u5206\u3002<\/p>\n<p>\u30a4\u30fc\u30ed\u30f3\u30fb\u30de\u30b9\u30af &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\u517c\u30d7\u30ed\u30c0\u30af\u30c8\u30a2\u30fc\u30ad\u30c6\u30af\u30c8<\/p>\n<p>\u79c1\u305f\u3061\u306f2\u500d\u306e\u751f\u7523\u91cf\u3067\u3059\u3002\u305d\u3057\u3066\u3001\u79c1\u305f\u3061\u306f\u3053\u308c\u304c\u5b9f\u73fe\u3067\u304d\u308b\u3068\u4fe1\u3058\u3066\u3044\u307e\u3059\u3002\u3068\u3053\u308d\u3067\u3001\u79c1\u304c\u3001\u304a\u305d\u3089\u304f\u4eca\u3001\u6975\u3081\u3066\u975e\u5e38\u306b\u56f0\u96e3\u306a\u9053\u3001\u4fe1\u3058\u3089\u308c\u306a\u3044\u307b\u3069\u306e\u5b9f\u884c\u529b\u304c\u5fc5\u8981\u306a\u9053\u3001\u81a8\u5927\u306a\u91cf\u306e\u30cf\u30fc\u30c9\u30ef\u30fc\u30af\u3001\u305d\u3057\u3066\u3001\u30a2\u30c3\u30d7\u30eb\u3068\u30b5\u30a6\u30b8\u30a2\u30e9\u30e0\u30b3\u3092\u5408\u308f\u305b\u305f\u306e\u3068\u540c\u3058\u304f\u3089\u3044\u306b\u30c6\u30b9\u30e9\u304c\u5230\u9054\u3059\u308b\u305f\u3081\u306e\u904b\u3092\u898b\u305f\u3068\u304d\u3001\u79c1\u306f\u30aa\u30d7\u30c6\u30a3\u30de\u30b9\u3092\u542b\u3081\u3066\u3044\u306a\u304b\u3063\u305f\u3068\u3044\u3046\u3053\u3068\u3092\u8ff0\u3079\u3066\u304a\u304b\u306a\u3051\u308c\u3070\u306a\u308a\u307e\u305b\u3093\u3002<\/p>\n<p>\u30de\u30fc\u30c6\u30a3\u30f3\u30fb\u30f4\u30a3\u30a8\u30c1\u30e3<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002\u6b21\u306f\u3001\u30a2\u30ca\u30ea\u30b9\u30c8\u306e\u8cea\u554f\u306b\u884c\u304d\u307e\u3057\u3087\u3046\u3002\u6700\u521d\u306e\u8cea\u554f\u306f\u3001\u30e2\u30eb\u30ac\u30f3\u30fb\u30b9\u30bf\u30f3\u30ec\u30fc\u306e\u30a2\u30c0\u30e0\u30fb\u30b8\u30e7\u30ca\u30b9\u3055\u3093\u304b\u3089\u3067\u3059\u3002\u30a2\u30c0\u30e0\u3001\u30df\u30e5\u30fc\u30c8\u3092\u89e3\u9664\u3057\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>Adam Jonas &#8212; Morgan Stanley &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u7d20\u6674\u3089\u3057\u3044 \u79c1\u306e\u58f0\u304c\u805e\u3053\u3048\u307e\u3059\u304b\uff1f<\/p>\n<p>\u30de\u30fc\u30c6\u30a3\u30f3\u30fb\u30d3\u30a8\u30c1\u30e3<\/p>\n<p>\u306f\u3044\u3002<\/p>\n<p>\u30a4\u30fc\u30ed\u30f3\u30fb\u30de\u30b9\u30af &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\u517c\u30d7\u30ed\u30c0\u30af\u30c8\u30a2\u30fc\u30ad\u30c6\u30af\u30c8<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3002<\/p>\n<p>\u30a2\u30c0\u30e0\u30fb\u30b8\u30e7\u30ca\u30b9 &#8212; \u30e2\u30eb\u30ac\u30f3\u30b9\u30bf\u30f3\u30ec\u30fc &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u3067\u306f\u3001\u30a4\u30ed\u30f3\u3055\u3093\u3001\u9271\u696d\u306b\u5782\u76f4\u7d71\u5408\u3059\u308b\u3053\u3068\u3092\u304a\u8003\u3048\u3067\u3059\u304b\uff1f\u305d\u308c\u304c\u6700\u521d\u306e\u8cea\u554f\u3067\u3059\u3002<\/p>\n<p>\u30a4\u30fc\u30ed\u30f3\u30fb\u30de\u30b9\u30af &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\u517c\u30d7\u30ed\u30c0\u30af\u30c8\u30fb\u30a2\u30fc\u30ad\u30c6\u30af\u30c8<\/p>\n<p>\u5fc5\u8981\u306a\u3053\u3068\u306f\u4f55\u3067\u3082\u3084\u308a\u307e\u3059\u3002\u9650\u5b9a\u7684\u306a\u8981\u7d20\u304c\u306a\u3051\u308c\u3070\u3001\u3084\u308a\u307e\u3059\u3002\u79c1\u305f\u3061\u306f\u3001\u500b\u4eba\u7684\u306b\u5236\u7d04\u3059\u308b\u3053\u3068\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u79c1\u305f\u3061\u306f\u7279\u306b\u3001\u305f\u3060\u5358\u306b\u7d71\u5408\u3059\u308b\u3068\u3044\u3046\u5730\u7344\u306e\u305f\u3081\u306b\u7d71\u5408\u3059\u308b\u3053\u3068\u306f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n<p>\u4f8b\u3048\u3070\u3001\u79c1\u305f\u3061\u3088\u308a\u3082\u512a\u308c\u305f\u30b5\u30d7\u30e9\u30a4\u30e4\u30fc\u304c\u3044\u305f\u5834\u5408\u3001\u3042\u308b\u3044\u306f\u79c1\u305f\u3061\u304c\u7a4d\u6975\u7684\u306b\u975e\u5e38\u306b\u512a\u308c\u3066\u3044\u308b\u3068\u8003\u3048\u308b\u5834\u5408\u3001\u3042\u308b\u3044\u306f\u6bd4\u8f03\u512a\u4f4d\u306e\u7d4c\u6e08\u5b66\u304b\u3089\u3001\u305f\u3068\u3048\u305d\u306e\u30b5\u30d7\u30e9\u30a4\u30e4\u30fc\u306b\u52dd\u3066\u305f\u3068\u3057\u3066\u3082\u3001\u79c1\u305f\u3061\u306e\u30ea\u30bd\u30fc\u30b9\u3092\u4f7f\u3063\u3066\u3088\u308a\u751f\u7523\u6027\u306e\u9ad8\u3044\u5225\u306e\u3053\u3068\u3092\u3057\u305f\u307b\u3046\u304c\u3044\u3044\u3068\u8003\u3048\u308b\u5834\u5408\u3001\u305d\u306e\u5834\u5408\u306f\u30bd\u30fc\u30b9\u3092\u63d0\u4f9b\u3059\u308b\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u3082\u3057\u63a1\u6398\u3057\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u306e\u3067\u3042\u308c\u3070\u3001\u63a1\u6398\u3059\u308b\u3053\u3068\u306b\u306a\u308b\u3067\u3057\u3087\u3046\u3002<\/p>\n<p>Adam Jonas &#8212; Morgan Stanley &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u308f\u304b\u308a\u307e\u3057\u305f\u3002\u3042\u308a\u304c\u3068\u3046\u3001\u30a4\u30ed\u30f3\u3002\u79c1\u306e\u30d5\u30a9\u30ed\u30fc\u30a2\u30c3\u30d7\u306f\u3001\u5782\u76f4\u7d71\u5408\u3055\u308c\u305f\u7c73\u56fd\u3067\u306e1\u30c6\u30e9\u30ef\u30c3\u30c8\u6642\u898f\u6a21\u306e\u88fd\u9020\u3067\u3059\u3002\u79c1\u306e\u8cea\u554f\u306f\u3001\u305d\u308c\u3092\u53ef\u80fd\u306b\u3059\u308b\u305f\u3081\u306b\u3001\u7c73\u56fd\u306e\u8a31\u8a8d\u53ef\u306e\u6cd5\u5f8b\u3067\u4f55\u3092\u5909\u3048\u308b\u5fc5\u8981\u304c\u3042\u308b\u304b\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002<\/p>\n<p>\u305d\u306e\u305f\u3081\u306b\u306f\u3001\u7c73\u56fd\u306e\u8a31\u8a8d\u53ef\u306b\u95a2\u3059\u308b\u6cd5\u5f8b\u3092\u5909\u3048\u308b\u5fc5\u8981\u304c\u3042\u308b\u306e\u3067\u3057\u3087\u3046\u304b\uff1f\u307e\u305f\u3001\u73fe\u653f\u6a29\u3084\u6b21\u671f\u653f\u6a29\u3078\u306e\u30e1\u30c3\u30bb\u30fc\u30b8\u306f\u4f55\u3067\u3057\u3087\u3046\u304b\uff1f\u307e\u305f\u30011\u30c6\u30e9\u30ef\u30c3\u30c8\u30a2\u30ef\u30fc\u3092\u5b9f\u73fe\u3067\u304d\u308b\u3068\u304a\u8003\u3048\u3067\u3059\u304b\uff1f\u305d\u306e\u5834\u5408\u306e\u4fa1\u683c\u306f\uff1f\u7c73\u56fd\u3067\u306f1000\u5104\u30c9\u30eb\u4ee5\u4e0b\u3067\u5b9f\u73fe\u3067\u304d\u308b\u306e\u3067\u3057\u3087\u3046\u304b\uff1f\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>\u30a4\u30fc\u30ed\u30f3\u30fb\u30de\u30b9\u30af &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\u517c\u30d7\u30ed\u30c0\u30af\u30c8\u30a2\u30fc\u30ad\u30c6\u30af\u30c8<\/p>\n<p>\u653f\u5e9c\u306b\u5bfe\u3059\u308b\u30e1\u30c3\u30bb\u30fc\u30b8\u3068\u3057\u3066\u306f\u3001\u30db\u30ef\u30a4\u30c8\u30cf\u30a6\u30b9\u3084\u8b70\u4f1a\u306a\u3069\u3001\u591a\u304f\u306e\u653f\u5e9c\u9ad8\u5b98\u3068\u8a71\u3092\u3057\u305f\u3053\u3068\u304c\u3042\u308a\u307e\u3059\u3002\u305d\u3053\u3067\u63d0\u6848\u3057\u305f\u3044\u306e\u306f\u3001\u6301\u7d9a\u53ef\u80fd\u306a\u30a8\u30cd\u30eb\u30ae\u30fc\u306e\u672a\u6765\u306b\u3068\u3063\u3066\u91cd\u8981\u306a\u3082\u306e\u306b\u3064\u3044\u3066\u306f\u3001\u8fc5\u901f\u306a\u8a31\u8a8d\u53ef\u30d7\u30ed\u30bb\u30b9\u3092\u5c0e\u5165\u3059\u3079\u304d\u3060\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002\u3064\u307e\u308a\u3001\u70ad\u9271\u3068\u30ea\u30c1\u30a6\u30e0\u9271\u5c71\u306e\u3088\u3046\u306a\u6301\u7d9a\u53ef\u80fd\u306a\u30a8\u30cd\u30eb\u30ae\u30fc\u96fb\u6c60\u3092\u540c\u3058\u30ab\u30c6\u30b4\u30ea\u30fc\u306b\u5165\u308c\u308b\u306e\u306f\u610f\u5473\u304c\u306a\u3044\u306e\u3067\u3059\u3002\u77f3\u70ad\u306f\u672a\u6765\u3067\u306f\u306a\u304f\u3001\u30ea\u30c1\u30a6\u30e0\u304c\u672a\u6765\u306a\u306e\u3067\u3059\u3002<\/p>\n<p>\u3061\u306a\u307f\u306b\u3001\u30ea\u30c1\u30a6\u30e0\u306f\u5730\u57df\u74b0\u5883\u3092\u307b\u3068\u3093\u3069\u4e71\u3059\u3053\u3068\u306a\u304f\u62bd\u51fa\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u30ea\u30c1\u30a6\u30e0\u9271\u5c71\u306f\u6c7a\u3057\u3066\u919c\u3044\u3082\u306e\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u3067\u3059\u304b\u3089\u3001\u79c1\u306f\u3001\u8fc5\u901f\u306a\u8a31\u8a8d\u53ef\u3092\u304a\u52e7\u3081\u3057\u307e\u3059\u3002\u57fa\u672c\u7684\u306b\u3001\u74b0\u5883\u3068\u5730\u57df\u793e\u4f1a\u306b\u3068\u3063\u3066\u91cd\u8981\u306a\u3053\u3068\u306f\u3001\u74b0\u5883\u7684\u306b\u65e9\u304f\u9032\u3081\u308b\u3079\u304d\u3060\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>\u305d\u308c\u306f\u8ad6\u7406\u7684\u3060\u3068\u601d\u3044\u307e\u3059\u3002\u305d\u3057\u3066\u3001\u305d\u306e\u8a55\u4fa1\u306f\u30dd\u30b8\u30c6\u30a3\u30d6\u306a\u3082\u306e\u3067\u3057\u305f\u3002\u305d\u308c\u3067\u4f55\u304b\u8d77\u3053\u308b\u304b\u3069\u3046\u304b\u3001\u898b\u3066\u307f\u305f\u3044\u3068\u601d\u3044\u307e\u3059\u3002\u4eca\u56de\u306e\u6c7a\u7b97\u8aac\u660e\u4f1a\u3067\u306f\u3001\u305d\u306e\u305f\u3081\u306b\u5fc5\u8981\u306a\u8ca1\u52d9\u7684\u306a\u8a73\u7d30\u306b\u3064\u3044\u3066\u306f\u307e\u3060\u304a\u8a71\u3067\u304d\u306a\u3044\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>\u3057\u304b\u3057\u3001\u30b5\u30d7\u30e9\u30a4\u30c1\u30a7\u30fc\u30f3\u5168\u4f53\u3068\u30d0\u30c3\u30c6\u30ea\u30fc\u30bb\u30eb\u306b\u542b\u307e\u308c\u308b\u3059\u3079\u3066\u306e\u8981\u7d20\u3092\u518d\u8a2d\u8a08\u3059\u308b\u3053\u3068\u3067\u3001\u73fe\u5b9f\u7684\u306a\u6539\u5584\u304c\u898b\u3089\u308c\u308b\u3088\u3046\u306b\u306a\u308a\u307e\u3057\u305f\u3002\u79c1\u305f\u3061\u306f\u5287\u7684\u306a\u52b9\u7387\u6027\u3092\u898b\u51fa\u3057\u3066\u3044\u307e\u3059\u3002\u305d\u306e\u7d50\u679c\u3001\u305d\u306e\u30ec\u30d9\u30eb\u306e\u751f\u7523\u91cf\u3092\u9054\u6210\u3059\u308b\u305f\u3081\u306b\u5fc5\u8981\u306a\u8cc7\u672c\u306f\u3001\u4eba\u3005\u304c\u8003\u3048\u3066\u3044\u308b\u3088\u308a\u3082\u305a\u3063\u3068\u5c11\u306a\u304f\u3066\u6e08\u3080\u3088\u3046\u306b\u306a\u308b\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>\u30de\u30fc\u30c6\u30a3\u30f3\u30fb\u30d3\u30a8\u30c1\u30e3<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002\u3067\u306f\u3001\u6b21\u306f\u30a6\u30a7\u30eb\u30ba\u30fb\u30d5\u30a1\u30fc\u30b4\u306e\u30b3\u30ea\u30f3\u30fb\u30e9\u30f3\u30ac\u30f3\u3055\u3093\u304b\u3089\u306e\u8cea\u554f\u3067\u3059\u3002\u30b3\u30ea\u30f3\u3055\u3093\u3001\u3069\u3046\u305e\u30a2\u30f3\u30df\u30e5\u30fc\u30c8\u3057\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>Colin Langan &#8212; Wells Fargo Securities &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u4eca\u3001\u79c1\u306e\u58f0\u304c\u805e\u3053\u3048\u307e\u3059\u304b\uff1f<\/p>\n<p>Martin Viecha<\/p>\n<p>\u3048\u3048\u3001\u805e\u3053\u3048\u307e\u3059\u3088<\/p>\n<p>Colin Langan &#8212; Wells Fargo Securities &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>OK\u3067\u3059\u3002\u7533\u3057\u8a33\u3042\u308a\u307e\u305b\u3093\u3002\u5b8c\u5168\u306a\u81ea\u52d5\u904b\u8ee2\u306b\u3064\u3044\u3066\u4f55\u304b\u66f4\u65b0\u306f\u3042\u308a\u307e\u3059\u304b\uff1f\u6570\u56db\u534a\u671f\u524d\u3001\u3042\u306a\u305f\u306f\u5e74\u672b\u307e\u3067\u306b\u5229\u7528\u53ef\u80fd\u306b\u306a\u308b\u3060\u308d\u3046\u3068\u8a00\u3063\u305f\u3068\u601d\u3044\u307e\u3059\u3002\u305d\u308c\u306f\u307e\u3060\u53ef\u80fd\u306a\u306e\u3067\u3057\u3087\u3046\u304b\uff1f\u305d\u308c\u306f&#8230;&#8230;\u3084\u306f\u308a\u30ec\u30d9\u30eb4\u3084\u30ec\u30d9\u30eb5\u306e\u3088\u3046\u306a\u3082\u306e\u306a\u306e\u3067\u3057\u3087\u3046\u304b\uff1f\u307e\u305f\u3001\u898f\u5236\u4e0a\u306e\u30cf\u30fc\u30c9\u30eb\u306f\u3042\u308a\u307e\u3059\u304b\uff1f<\/p>\n<p>\u30a4\u30fc\u30ed\u30f3\u30fb\u30de\u30b9\u30af &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\u517c\u30d7\u30ed\u30c0\u30af\u30c8\u30a2\u30fc\u30ad\u30c6\u30af\u30c8<\/p>\n<p>\u5148\u307b\u3069\u7533\u3057\u4e0a\u3052\u305f\u3088\u3046\u306b\u3001\u4eca\u5e74\u672b\u307e\u3067\u306b\u306f\u3001\u30d1\u30c3\u30b1\u30fc\u30b8\u3092\u6ce8\u6587\u3055\u308c\u305f\u65b9\u5168\u54e1\u306b\u5b8c\u5168\u306a\u81ea\u52d5\u904b\u8ee2\u30bd\u30d5\u30c8\u30a6\u30a7\u30a2\u3092\u30ea\u30ea\u30fc\u30b9\u3059\u308b\u4e88\u5b9a\u3067\u3059\u3002\u305d\u306e\u305f\u3081\u3001\u898f\u5236\u5f53\u5c40\u306e\u627f\u8a8d\u304c\u5f97\u3089\u308c\u308b\u304b\u3069\u3046\u304b\u306b\u3064\u3044\u3066\u306f\u3001\u5225\u306e\u554f\u984c\u3067\u3059\u3002\u305d\u306e\u6642\u70b9\u3067\u306f\u3001\u898f\u5236\u5f53\u5c40\u306e\u627f\u8a8d\u306f\u5f97\u3089\u308c\u307e\u305b\u3093\u3002\u3057\u304b\u3057\u3001\u3053\u306e\u30af\u30eb\u30de\u306f\u81ea\u5b85\u304b\u3089\u8077\u5834\u3001\u53cb\u4eba\u306e\u5bb6\u3001\u30b9\u30fc\u30d1\u30fc\u307e\u3067\u3001\u30cf\u30f3\u30c9\u30eb\u306b\u89e6\u308c\u308b\u3053\u3068\u306a\u304f\u79fb\u52d5\u3067\u304d\u308b\u3088\u3046\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n<p>\u3060\u304b\u3089\u3001\u3068\u3066\u3082\u3044\u3044\u611f\u3058\u3067\u3059\u3002<\/p>\n<p>Colin Langan &#8212; \u30a6\u30a7\u30eb\u30ba\u30fb\u30d5\u30a1\u30fc\u30b4\u8a3c\u5238 &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u305d\u308c\u306f\u3001\u30ec\u30d9\u30eb4\u3084\u30ec\u30d9\u30eb5\u306e\u3088\u3046\u306a\u4f1d\u7d71\u7684\u306a\u5b9a\u7fa9\u3092\u610f\u5473\u3059\u308b\u306e\u3067\u3057\u3087\u3046\u304b\uff1f<\/p>\n<p>\u30a4\u30fc\u30ed\u30f3\u30fb\u30de\u30b9\u30af &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\u517c\u30d7\u30ed\u30c0\u30af\u30c8\u30a2\u30fc\u30ad\u30c6\u30af\u30c8<\/p>\n<p>\u3055\u3066\u3001\u3053\u306e\u8b70\u8ad6\u306f\u30011\u30de\u30a4\u30eb\u3042\u305f\u308a\u306e\u4ecb\u5165\u306f\u4f55\u304b\u30011\u30de\u30a4\u30eb\u3042\u305f\u308a\u306e\u5b89\u5168\u4ecb\u5165\u306f\u4f55\u304b\u3068\u3044\u3046\u3088\u3046\u306a\u3082\u306e\u3067\u3059\u3002\u79c1\u305f\u3061\u306f\u3001\u8ab0\u3082\u30cf\u30f3\u30c9\u30eb\u3092\u63e1\u3089\u306a\u304f\u306a\u308b\u6e96\u5099\u304c\u3067\u304d\u3066\u3044\u308b\u3068\u306f\u8a00\u3063\u3066\u3044\u307e\u305b\u3093\u3002\u305f\u3060\u3001\u5236\u5fa1\u88c5\u7f6e\u3001\u8eca\u4e21\u30b3\u30f3\u30c8\u30ed\u30fc\u30e9\u30fc\u306b\u307b\u3068\u3093\u3069\u89e6\u308c\u308b\u5fc5\u8981\u304c\u306a\u304f\u306a\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u79c1\u304c\u30d6\u30ec\u30f3\u30c8\u306e\u5bb6\u304b\u3089\u30ae\u30ac\u30fb\u30c6\u30ad\u30b5\u30b9\u306b\u6765\u305f\u3068\u304d\u3082\u3001\u3059\u3067\u306b\u3053\u3053\u306b\u3042\u308b\u5236\u5fa1\u88c5\u7f6e\u306b\u306f\u4e00\u5207\u89e6\u308c\u307e\u305b\u3093\u3067\u3057\u305f\u3002<\/p>\n<p>\u3055\u3089\u306b\u3001\u300c9\u306e\u30de\u30fc\u30c1\u300d\u3068\u547c\u3070\u308c\u308b\u9577\u3044\u30d7\u30ed\u30bb\u30b9\u304c\u3042\u308a\u307e\u3059\u3002\u300c\u8ab0\u3082\u4e57\u3063\u3066\u3044\u306a\u3044\u72b6\u614b\u3067\u3082\u904b\u8ee2\u3067\u304d\u308b\u300d\u3068\u78ba\u4fe1\u3067\u304d\u308b\u307e\u3067\u306b\u3001\u3069\u308c\u3060\u3051\u306e9\u306e\u4fe1\u983c\u6027\u304c\u5fc5\u8981\u306a\u306e\u304b\u3002\u3044\u304f\u3064\u306e9\u304c\u5fc5\u8981\u304b\u306b\u3064\u3044\u3066\u306f\u3001\u4e3b\u89b3\u7684\u306a\u90e8\u5206\u3082\u3042\u308a\u307e\u3059\u3002\u3067\u3082\u3001\u4eca\u5e74\u306e\u7d42\u308f\u308a\u306b\u306f\u3001\u8ab0\u3082\u4e57\u3089\u306a\u304f\u3066\u3082\u5927\u4e08\u592b\u306a\u304f\u3089\u3044\u306e9\u79d2\u53f0\u306b\u8fd1\u3065\u3044\u3066\u3044\u308b\u3068\u601d\u3044\u307e\u3059\u3002\u305d\u3057\u3066\u3001\u6765\u5e74\u306f\u9593\u9055\u3044\u306a\u304f\u3001\u3053\u306e\u3053\u3068\u3092\u5ff5\u982d\u306b\u7f6e\u3044\u3066\u3044\u308b\u3002<\/p>\n<p>\u307e\u305f\u3001\u6765\u5e74\u306b\u306f\u3001\u81ea\u52d5\u8eca\u304c\u5e73\u5747\u7684\u306a\u4eba\u9593\u3088\u308a\u3082\u306f\u308b\u304b\u306b\u5b89\u5168\u3067\u3042\u308b\u3053\u3068\u3092\u898f\u5236\u5f53\u5c40\u306b\u793a\u3059\u3053\u3068\u304c\u3067\u304d\u308b\u3088\u3046\u3001\u30a2\u30c3\u30d7\u30c7\u30fc\u30c8\u3092\u884c\u3046\u3053\u3068\u306b\u306a\u308b\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>Colin Langan &#8212; Wells Fargo Securities &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u4e86\u89e3\u3057\u307e\u3057\u305f\u3002\u305d\u3057\u3066\u30d5\u30a9\u30ed\u30fc\u30a2\u30c3\u30d7\u3068\u3057\u3066\u3002\u524d\u306e\u8cea\u554f\u3067IRA\u306b\u3064\u3044\u3066\u89e6\u308c\u3066\u3044\u307e\u3057\u305f\u306d\u3002\u3064\u307e\u308a\u3001\u3042\u306a\u305f\u306f\u305d\u306e\u3059\u3079\u3066\u3092\u624b\u306b\u5165\u308c\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u3068\u8003\u3048\u3066\u3044\u308b\u3088\u3046\u306b\u805e\u3053\u3048\u307e\u3057\u305f\u3002\u3064\u307e\u308a\u3001\u79c1\u306e\u89e3\u91c8\u3067\u306f\u3001\u30d0\u30a4\u30e4\u30fc\u306b\u5bfe\u3059\u308b\u751f\u7523\u30af\u30ec\u30b8\u30c3\u30c8\u3084\u96fb\u6c60\u90e8\u54c1\u30af\u30ec\u30b8\u30c3\u30c8\u306f\u3001\u3042\u306a\u305f\u65b9\u306b\u3068\u3063\u3066\u975e\u5e38\u306b\u53ef\u80fd\u6027\u304c\u9ad8\u3044\u3068\u601d\u308f\u308c\u308b\u304b\u3089\u3067\u3059\u3002<\/p>\n<p>\u8abf\u9054\u306e\u90e8\u5206\u306f\u53ef\u80fd\u306a\u306e\u3067\u3057\u3087\u3046\u304b\uff1f\u7c73\u56fd\u304b\u3089\u8abf\u9054\u3059\u308b\u3053\u3068\u3092\u8003\u3048\u308b\u3068\u3001\u304b\u306a\u308a\u30cf\u30fc\u30c9\u30eb\u304c\u9ad8\u305d\u3046\u3067\u3059\u304c\uff1f<\/p>\n<p>\u30b9\u30d4\u30fc\u30ab\u30fc\u4e0d\u660e<\/p>\n<p>\u305d\u3046\u3067\u3059\u3002\u305d\u3053\u3067\u3001\u6a5f\u80fd\u6a2a\u65ad\u7684\u306a\u30c1\u30fc\u30e0\u3092\u7de8\u6210\u3057\u3001\u975e\u5e38\u306b\u7dbf\u5bc6\u306b\u8abf\u67fb\u3057\u3066\u3044\u307e\u3059\u3002\u304a\u3063\u3057\u3083\u308b\u3068\u304a\u308a\u3001\u8abf\u9054\u306e\u3057\u304d\u3044\u5024\u306f\u5e74\u3054\u3068\u306b\u4e0a\u6607\u3057\u307e\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u3042\u3089\u3086\u308b\u9078\u629e\u80a2\u3092\u691c\u8a0e\u3057\u3001\u307e\u305f\u8ca1\u52d9\u7701\u304b\u3089\u3044\u304f\u3064\u304b\u306e\u8aac\u660e\u3092\u53d7\u3051\u3066\u3044\u308b\u3068\u3053\u308d\u3067\u3059\u3002<\/p>\n<p>\u3053\u308c\u306f\u3001\u4ed6\u306e\u30af\u30ec\u30b8\u30c3\u30c8\u306e\u307b\u3093\u306e\u4e00\u90e8\u306b\u904e\u304e\u306a\u3044\u3068\u3044\u3046\u3053\u3068\u306f\u91cd\u8981\u306a\u3053\u3068\u3067\u3059\u3002\u79c1\u305f\u3061\u306f\u7c73\u56fd\u3067\u81ea\u793e\u88fd\u9020\u3057\u3066\u3044\u307e\u3059\u3057\u3001\u30e2\u30b8\u30e5\u30fc\u30eb\u3082\u7c73\u56fd\u3067\u88fd\u9020\u3057\u3066\u3044\u307e\u3059\u304b\u3089\u3001\u304b\u306a\u308a\u8584\u3044\u3082\u306e\u3067\u3059\u3002<\/p>\n<p>\u3067\u3059\u304b\u3089\u3001\u3053\u3046\u3057\u305f\u30a4\u30f3\u30bb\u30f3\u30c6\u30a3\u30d6\u304c&#8230;&#8230;\u57fa\u6e96\u5024\u304c\u5e74\u3005\u4e0a\u304c\u3063\u3066\u3044\u304f\u306b\u3064\u308c\u3066\u3001\u79c1\u305f\u3061\u306f\u9053\u3092\u5207\u308a\u958b\u304f\u3053\u3068\u304c\u3067\u304d\u308b\u3068\u78ba\u4fe1\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u30a4\u30fc\u30ed\u30f3\u30fb\u30de\u30b9\u30af &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\u517c\u30d7\u30ed\u30c0\u30af\u30c8\u30a2\u30fc\u30ad\u30c6\u30af\u30c8<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3002\u79c1\u305f\u3061\u306f\u305d\u306e\u95be\u5024\u3092\u6e80\u305f\u3059\u3067\u3057\u3087\u3046&#8211;\u3002<\/p>\n<p>\u30de\u30fc\u30c6\u30a3\u30f3\u30fb\u30f4\u30a3\u30a8\u30c1\u30e3<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002\u6b21\u306e\u8cea\u554f\u306f\u3001Oppenheimer\u306eColin Rusch\u3055\u3093\u3067\u3059\u3002\u30b3\u30ea\u30f3\u3001\u3069\u3046\u305e\u30a2\u30f3\u30df\u30e5\u30fc\u30c8\u3057\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>Colin Rusch &#8212; Oppenheimer and Company &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30c6\u30a3\u30f3\u30b0\u30fb\u30ec\u30d0\u30ec\u30c3\u30b8\u306f\u3001\u304b\u306a\u308a\u5370\u8c61\u7684\u3067\u3057\u305f\u3002\u307e\u305f\u3001\u7814\u7a76\u958b\u767a\u9762\u3084\u8ca9\u58f2\u9762\u3067\u3001\u6210\u9577\u52a0\u901f\u3084\u30b3\u30b9\u30c8\u524a\u6e1b\u306e\u305f\u3081\u306b\u8ffd\u52a0\u6295\u8cc7\u304c\u53ef\u80fd\u306a\u5206\u91ce\u306f\u3042\u308b\u3067\u3057\u3087\u3046\u304b\uff1f\u305d\u308c\u3068\u3082\u3001\u3053\u306e\u30ec\u30d9\u30eb\u306e\u6295\u8cc7\u3092\u5c06\u6765\u306b\u308f\u305f\u3063\u3066\u884c\u3044\u3001\u3053\u3053\u304b\u3089\u898f\u6a21\u3092\u62e1\u5927\u3059\u308b\u969b\u306b\u5927\u304d\u306a\u55b6\u696d\u30ec\u30d0\u30ec\u30c3\u30b8\u3092\u304b\u3051\u308b\u3053\u3068\u3092\u8003\u3048\u308b\u3079\u304d\u3067\u3057\u3087\u3046\u304b\uff1f<\/p>\n<p>\u30b6\u30ab\u30ea\u30fc\u30fb\u30ab\u30fc\u30af\u30db\u30fc\u30f3 &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005\uff08CFO<\/p>\n<p>\u55b6\u696d\u30ec\u30d0\u30ec\u30c3\u30b8\u306f\u304b\u306a\u308a\u6539\u5584\u3055\u308c\u307e\u3057\u305f\u3002\u4eca\u671f\u306f\u904e\u53bb\u6700\u4f4e\u3067\u3001\u58f2\u4e0a\u9ad8\u306b\u5bfe\u3059\u308bOPEX\u306e\u6bd4\u7387\u3082\u305d\u308c\u306a\u308a\u306b\u9ad8\u304f\u306a\u308a\u307e\u3057\u305f\u3002\u79c1\u305f\u3061\u306e\u4e88\u60f3\u3067\u306f\u3001\u4eca\u5f8c\u3082\u4e0b\u304c\u308a\u7d9a\u3051\u308b\u3067\u3057\u3087\u3046\u3002<\/p>\n<p>\u3064\u307e\u308a\u3001\u4f1a\u793e\u304c\u6210\u9577\u3059\u308b\u306b\u3064\u308c\u3066\u3001\u55b6\u696d\u8cbb\u7528\u306e\u7dcf\u984d\u306f\u5f90\u3005\u306b\u5897\u52a0\u3057\u3066\u3044\u304f\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002\u4f1a\u793e\u306e\u6025\u6210\u9577\u306b\u4f34\u3044\u3001\u305d\u308c\u3092\u6a2a\u3070\u3044\u306b\u4fdd\u3064\u306e\u306f\u975e\u5e38\u306b\u96e3\u3057\u3044\u306e\u3067\u3059\u304c\u3001\u6210\u9577\u30b9\u30d4\u30fc\u30c9\u306f\u304b\u306a\u308a\u7de9\u3084\u304b\u306b\u306a\u3063\u3066\u3044\u307e\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u3042\u308b\u7a0b\u5ea6\u306f\u6210\u9577\u3057\u3066\u3044\u307e\u3059\u304c\u3001\u30d3\u30b8\u30cd\u30b9\u306e\u30c8\u30c3\u30d7\u30e9\u30a4\u30f3\u306f\u975e\u5e38\u306b\u901f\u304f\u6210\u9577\u3057\u3066\u3044\u307e\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u4e8b\u696d\u306e\u9593\u63a5\u8cbb\u3092\u52b9\u7387\u5316\u3059\u308b\u6a5f\u4f1a\u306f\u4eca\u5f8c\u3082\u5927\u3044\u306b\u3042\u308b\u3068\u601d\u3044\u307e\u3059\u3057\u3001\u79c1\u305f\u3061\u306f\u305d\u308c\u3092\u76ee\u306e\u5f53\u305f\u308a\u306b\u3057\u3066\u3044\u308b\u306e\u3067\u3059\u3002<\/p>\n<p>Colin Rusch &#8212; Oppenheimer and Company &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u308f\u304b\u308a\u307e\u3057\u305f\u3002\u7d20\u6674\u3089\u3057\u3044\u3001\u307f\u3093\u306a\u3002\u3053\u306e\u7d9a\u304d\u306f\u30aa\u30d5\u30e9\u30a4\u30f3\u3067\u884c\u3044\u307e\u3059\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>\u30a4\u30fc\u30ed\u30f3\u30fb\u30de\u30b9\u30af &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\u517c\u30d7\u30ed\u30c0\u30af\u30c8\u30a2\u30fc\u30ad\u30c6\u30af\u30c8<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3002\u5c11\u306a\u304f\u3068\u3082\u4eca\u306e\u3068\u3053\u308d\u3001\u79c1\u305f\u3061\u306f\u3001\u601d\u3044\u3064\u304f\u9650\u308a\u306e\u3042\u3089\u3086\u308b\u3082\u306e\u306b\u6295\u8cc7\u3057\u3066\u3044\u307e\u3059\u3057\u3001\u307e\u3060\u73fe\u91d1\u3082\u5f97\u3089\u308c\u3066\u3044\u307e\u3059\u3002\u3060\u304b\u3089\u3001\u304b\u306a\u308a\u3044\u3044\u72b6\u614b\u306b\u306a\u3063\u305f\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>\u30b6\u30c3\u30ab\u30ea\u30fc\u30fb\u30ab\u30fc\u30af\u30db\u30fc\u30f3 &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005\uff08CFO<\/p>\n<p>\u3064\u307e\u308a\u3001\u79c1\u305f\u3061\u306f\u4eca\u3001\u3044\u304f\u3064\u306e\u7814\u7a76\u958b\u767a\u30d7\u30ed\u30b0\u30e9\u30e0\u3092\u4e26\u884c\u3057\u3066\u9032\u3081\u3066\u3044\u308b\u306e\u3067\u3057\u3087\u3046\u304b\uff1f<\/p>\n<p>\u30a4\u30fc\u30ed\u30f3\u30fb\u30de\u30b9\u30af &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\u517c\u30d7\u30ed\u30c0\u30af\u30c8\u30a2\u30fc\u30ad\u30c6\u30af\u30c8<\/p>\n<p>\u307f\u3093\u306a\u53e4\u3044R&amp;D\u3092\u77e5\u3089\u306a\u3044\u304b\u3089\u30011\u65e5\u3042\u305f\u308a\u3002\u4e00\u90e8\u3067\u306f\u3042\u308a\u307e\u3059\u304c\u3001\u305f\u304f\u3055\u3093\u3042\u308a\u307e\u3059\u3002<\/p>\n<p>\u30b6\u30c3\u30ab\u30ea\u30fc\u30fb\u30ab\u30fc\u30af\u30db\u30fc\u30f3 &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u307e\u305f\u3001\u73fe\u91d1\u306f\u7814\u7a76\u958b\u767a\u306e\u91cf\u3092\u6e2c\u308b\u306e\u306b\u9069\u3057\u3066\u3044\u306a\u3044\u3068\u601d\u3046\u3002<\/p>\n<p>\u30a4\u30fc\u30ed\u30f3\u30fb\u30de\u30b9\u30af &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\u517c\u30d7\u30ed\u30c0\u30af\u30c8\u30a2\u30fc\u30ad\u30c6\u30af\u30c8<\/p>\n<p>\u3044\u3044\u3048\u3001\u305d\u3046\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u306a\u305c\u306a\u3089\u3001\u30a8\u30f3\u30b8\u30cb\u30a2\u306f\u4e00\u822c\u7684\u306a\u5b58\u5728\u3067\u306f\u306a\u3044\u304b\u3089\u3067\u3059\u3002\u3060\u304b\u3089\u300150\u5104\u30c9\u30eb\u3084100\u5104\u30c9\u30eb\u3092\u8cbb\u3084\u305b\u3070\u3001\u5b9f\u969b\u306e\u7814\u7a76\u958b\u767a\u304c\u6709\u7528\u306a\u88fd\u54c1\u306b\u306a\u308b\u306e\u306f\u305d\u308c\u306b\u6bd4\u4f8b\u3059\u308b\u3088\u3046\u306a\u3082\u306e\u306a\u306e\u3067\u3059\u3002\u305d\u3093\u306a\u3053\u3068\u306f\u306a\u3044\u3093\u3067\u3059\u3002<\/p>\n<p>\u30a8\u30f3\u30b8\u30cb\u30a2\u306f\u3001\u30af\u30c3\u30ad\u30fc\u304b\u4f55\u304b\u306e\u3088\u3046\u306a\u7d44\u307f\u7acb\u3066\u30e9\u30a4\u30f3\u3092\u4f5c\u3063\u3066\u3044\u308b\u306e\u3067\u3059\u3002<\/p>\n<p>Zachary Kirkhorn &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005\uff08CFO<\/p>\n<p>\u697d\u89b3\u7684\u306b\u306a\u308b\u307e\u3067\u306f\u3002<\/p>\n<p>\u30a4\u30fc\u30ed\u30f3\u30fb\u30de\u30b9\u30af &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\u517c\u30d7\u30ed\u30c0\u30af\u30c8\u30a2\u30fc\u30ad\u30c6\u30af\u30c8<\/p>\n<p>\u697d\u89b3\u7684\u306b\u306a\u308c\u3002\u7269\u4e8b\u3092\u5909\u3048\u3066\u306f\u3044\u3051\u306a\u3044\u3002\u91cd\u8981\u306a\u306e\u306f\u3001\u6700\u3082\u512a\u79c0\u306a\u4eba\u6750\u304c\u3069\u3053\u3067\u50cd\u3044\u3066\u3044\u308b\u304b\u3068\u3044\u3046\u3053\u3068\u3060\u3002\u30c6\u30b9\u30e9\u306f\u4eca\u3067\u3082&#8230;\u30c6\u30b9\u30e9\u3068\u30b9\u30da\u30fc\u30b9X\u306f\u3001\u6700\u3082\u8ce2\u3044\u30a8\u30f3\u30b8\u30cb\u30a2\u304c\u50cd\u304d\u305f\u304c\u308b2\u3064\u306e\u4f1a\u793e\u3067\u3059\u3002<\/p>\n<p>\u30b6\u30c3\u30ab\u30ea\u30fc\u30fb\u30ab\u30fc\u30af\u30db\u30fc\u30f3\uff08Zachary Kirkhorn\uff09\uff1a\u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u3064\u307e\u308a\u3001\u672a\u6765\u3078\u306e\u6295\u8cc7\u3084\u672a\u6765\u306e\u767a\u660e\u306e\u305f\u3081\u306b\u4f55\u5341\u5104\u30c9\u30eb\u3082\u8cbb\u3084\u3059\u5fc5\u8981\u306f\u306a\u3044\u3001\u3068\u3044\u3046\u3088\u3046\u306a\u3053\u3068\u3067\u3059\u3002\u30a8\u30f3\u30b8\u30cb\u30a2\u306f\u30b3\u30b9\u30c8\u610f\u8b58\u3082\u6301\u3063\u3066\u3044\u307e\u3059\u3002\u7814\u7a76\u958b\u767a\u3092\u884c\u3046\u969b\u306b\u3001\u304a\u91d1\u3092\u7a93\u304b\u3089\u71c3\u3084\u3059\u3088\u3046\u306a\u3053\u3068\u306f\u3057\u306a\u3044\u306e\u3067\u3059\u3002\u7814\u7a76\u958b\u767a\u306e\u3088\u3046\u306a\u3082\u306e\u3092\u73fe\u91d1\u6295\u8cc7\u3068\u3057\u3066\u898b\u308b\u306e\u306f\u3001[\u805e\u304d\u53d6\u308c\u305a]\u3084\u3081\u3088\u3046\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>\u30a4\u30fc\u30ed\u30f3\u30fb\u30de\u30b9\u30af &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\u517c\u30d7\u30ed\u30c0\u30af\u30c8\u30a2\u30fc\u30ad\u30c6\u30af\u30c8<\/p>\n<p>\u30c6\u30b9\u30e9\u306e5\u30bb\u30f3\u30c8\u786c\u8ca81\u500b\u306f\u3001\u6b63\u76f4\u306a\u3068\u3053\u308d\u3001\u7121\u9650\u306e\u4fa1\u5024\u304c\u3042\u308b\u3068\u601d\u3044\u307e\u3059\u3002\u540c\u3058\u6570\u306e\u682a\u5f0f\u3092\u4fdd\u6709\u3057\u3066\u3082\u3001\u30c6\u30b9\u30e9\u306e1\u30cb\u30c3\u30b1\u30eb\u5206\u306e\u4ed5\u4e8b\u3092\u3059\u308b\u3053\u3068\u306f\u3067\u304d\u306a\u3044\u3067\u3057\u3087\u3046\u3002\u91cf\u7684\u306b\u88dc\u3046\u3053\u3068\u306f\u3067\u304d\u306a\u3044\u306e\u3067\u3059\u3002<\/p>\n<p>Martin Viecha<\/p>\n<p>OK\u3067\u3059\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002\u3067\u306f\u3001\u6b21\u306e\u8cea\u554f\u306f\u30ab\u30ca\u30b3\u30fc\u30c9\u306e\u30b8\u30e7\u30fc\u30b8\u304b\u3089\u3067\u3059\u3002\u30b8\u30e7\u30fc\u30b8\u3001\u30a2\u30f3\u30df\u30e5\u30fc\u30c8\u3092\u304a\u9858\u3044\u3057\u307e\u3059\u3002<\/p>\n<p>\u767a\u8a00\u8005\u4e0d\u660e<\/p>\n<p>\u3053\u3093\u306b\u3061\u306f\u3001\u3053\u3093\u306b\u3061\u306f\u3001\u79c1\u306e\u8cea\u554f\u3092\u805e\u3044\u3066\u304f\u3060\u3055\u3063\u3066\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u682a\u4e3b\u7dcf\u4f1a\u3067\u3001\u30a4\u30fc\u30ed\u30f3\u306f\u3001\u5fa1\u793e\u306e\u751f\u7523\u306b\u4f7f\u308f\u308c\u308b\u591a\u304f\u306e\u6750\u6599\u306e\u4fa1\u683c\u304c\u4e0a\u6607\u3057\u59cb\u3081\u305f\u3068\u8ff0\u3079\u307e\u3057\u305f\u306d\u3002\u3053\u306e\u72b6\u614b\u304c\u7d9a\u3051\u3070\u3001\u4f55\u5ea6\u304b\u5024\u4e0a\u3052\u3092\u3057\u305f\u5f8c\u306b\u4e16\u754c\u7684\u306b\u4fa1\u683c\u3092\u8abf\u6574\u3059\u308b\u6a5f\u4f1a\u306b\u306a\u308b\u306e\u3067\u3057\u3087\u3046\u304b\uff1f\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002<\/p>\n<p>\u30a4\u30fc\u30ed\u30f3\u30fb\u30de\u30b9\u30af &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\u517c\u30d7\u30ed\u30c0\u30af\u30c8\u30a2\u30fc\u30ad\u30c6\u30af\u30c8<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3001\u79c1\u305f\u3061\u306f &#8212; [\u805e\u304d\u53d6\u308c\u305a] \u4fa1\u683c\u3092\u3088\u304f\u898b\u3066\u3044\u307e\u3059\u3002\u3064\u307e\u308a\u3001\u660e\u3089\u304b\u306b\u3001\u8ab0\u3067\u3082\u3001\u9285\u3084\u9244\u306e\u5c06\u6765\u306e\u4fa1\u683c\u304c\u3069\u3046\u306a\u308b\u304b\u3092\u30b0\u30fc\u30b0\u30eb\u691c\u7d22\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002Google\u3067\u691c\u7d22\u3059\u308c\u3070\u3059\u3050\u306b\u308f\u304b\u308a\u307e\u3059\u3002\u305d\u306e\u7d50\u679c\u3001\u5c06\u6765\u306b\u308f\u305f\u3063\u3066\u4fa1\u683c\u304c\u5927\u304d\u304f\u4e0b\u843d\u3057\u3066\u3044\u308b\u3053\u3068\u304c\u308f\u304b\u308a\u307e\u3059\u3002<\/p>\n<p>\u3057\u304b\u3057\u96fb\u6c17\u81ea\u52d5\u8eca\u3067\u306f\u3001\u30d0\u30c3\u30c6\u30ea\u30fc\u7528\u30ea\u30c1\u30a6\u30e0\u306e\u3088\u3046\u306a\u3082\u306e\u304c\u307e\u3060\u975e\u5e38\u306b\u9ad8\u4fa1\u3067\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u4fa1\u683c\u304c\u4e0b\u304c\u3063\u3066\u3044\u308b\u3082\u306e\u3068\u4e0a\u304c\u3063\u3066\u3044\u308b\u3082\u306e\u304c\u6df7\u5728\u3057\u3066\u3044\u308b\u306e\u3067\u3059\u3002<\/p>\n<p>\u30b9\u30d4\u30fc\u30ab\u30fc\u4e0d\u660e<\/p>\n<p>\u9244\u92fc\u3068\u30a2\u30eb\u30df\u30cb\u30a6\u30e0\u306e\u4fa1\u683c\u306f\u3001\u524d\u56db\u534a\u671f\u6bd4\u306717%\u304b\u308920%\u4f4e\u4e0b\u3057\u3066\u3044\u307e\u3059\u306d\u3002<\/p>\n<p>\u30b6\u30c3\u30ab\u30ea\u30fc\u30fb\u30ab\u30fc\u30af\u30db\u30fc\u30f3 &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005\uff08CFO<\/p>\n<p>\u307e\u305f\u3001\u8f38\u9001\u30b3\u30b9\u30c8\u3082\u5927\u5e45\u306b\u4e0b\u304c\u308a\u307e\u3057\u305f\u3002\u6628\u5e74\u306f\u3001\u4e0a\u6d77\u304b\u3089\u306e\u30b3\u30f3\u30c6\u30ca\u306e\u30b9\u30dd\u30c3\u30c8\u4fa1\u683c\u304c2\u4e07\u30c9\u30eb\u306b\u3082\u306a\u308a\u307e\u3057\u305f\u3002\u305d\u308c\u304c\u4eca\u3067\u306f3,500\u30c9\u30eb\u30013,600\u30c9\u30eb\u3067\u3059\u3002\u305d\u3046\u3044\u3046\u73fe\u5b9f\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<p>\u30a4\u30fc\u30ed\u30f3\u306e\u8a00\u3063\u305f\u30d0\u30c3\u30c6\u30ea\u30fc\u306e\u3088\u3046\u306a\u4f8b\u5916\u3092\u9664\u3044\u3066\u3001\u591a\u304f\u306e\u5546\u54c1\u3067\u30c7\u30d5\u30ec\u304c\u8d77\u304d\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u30a4\u30fc\u30ed\u30f3\u30fb\u30de\u30b9\u30af &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\u517c\u30d7\u30ed\u30c0\u30af\u30c8\u30a2\u30fc\u30ad\u30c6\u30af\u30c8<\/p>\n<p>\u30a4\u30f3\u30d5\u30ec\u3088\u308a\u3082\u30c7\u30d5\u30ec\u306e\u65b9\u304c\u591a\u3044\u3067\u3059\u306d\u3002<\/p>\n<p>\u30b6\u30c3\u30ab\u30ea\u30fc\u30fb\u30ab\u30fc\u30af\u30db\u30fc\u30f3 &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005\uff08CFO<\/p>\n<p>\u9593\u9055\u3044\u306a\u304f\u3002<\/p>\n<p>\u30a4\u30fc\u30ed\u30f3\u30fb\u30de\u30b9\u30af &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\u517c\u30d7\u30ed\u30c0\u30af\u30c8\u30fb\u30a2\u30fc\u30ad\u30c6\u30af\u30c8<\/p>\n<p>\u7e70\u308a\u8fd4\u3057\u306b\u306a\u308a\u307e\u3059\u304c\u3001\u3053\u308c\u306f\u4e00\u822c\u306b\u516c\u958b\u3055\u308c\u3066\u3044\u308b\u60c5\u5831\u3067\u3059\u3002\u8ab0\u3067\u3082\u30b0\u30b0\u308c\u3070\u308f\u304b\u308b\u3053\u3068\u3067\u3059\u3002Ark Invest\u306eCathie Wood\u306f\u3001FRB\u306b\u5bfe\u3057\u3066\u3053\u306e\u70b9\u3092\u4f55\u5ea6\u3082\u6307\u6458\u3057\u307e\u3059\u304c\u3001FRB\u306f\u30d5\u30ed\u30f3\u30c8\u30ac\u30e9\u30b9\u306e\u5916\u3092\u898b\u305a\u306b\u30d0\u30c3\u30af\u30df\u30e9\u30fc\u3092\u898b\u3066\u3044\u308b\u305f\u3081\u3001\u8033\u3092\u50be\u3051\u3088\u3046\u3068\u3057\u307e\u305b\u3093\u3002<\/p>\n<p>\u30b6\u30c3\u30ab\u30ea\u30fc\u30fb\u30ab\u30fc\u30af\u30db\u30fc\u30f3 &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3002\u3082\u3046\u5c11\u3057\u72b6\u6cc1\u3092\u88dc\u8db3\u3057\u307e\u3059\u3002\u7b2c3\u56db\u534a\u671f\u306e\u30b3\u30e2\u30c7\u30a3\u30c6\u30a3\u306e\u4e0a\u6607\u5e45\u306f\u3001\u904e\u53bb2\u5e74\u9593\u3067\u6700\u9ad8\u3068\u306a\u308a\u307e\u3057\u305f\u3002\u3053\u306e\u3088\u3046\u306b\u3001\u6307\u6a19\u3092\u5909\u66f4\u3057\u305f\u5834\u5408\u3001\u305d\u308c\u304c\u5b8c\u5168\u306b\u53cd\u6620\u3055\u308c\u308b\u307e\u3067\u306b\u306f\u6642\u9593\u304c\u304b\u304b\u308b\u306e\u3067\u3059\u3002<\/p>\n<p>\u30a4\u30fc\u30ed\u30f3\u30fb\u30de\u30b9\u30af &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\u517c\u30d7\u30ed\u30c0\u30af\u30c8\u30a2\u30fc\u30ad\u30c6\u30af\u30c8<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3001\u5f85\u3061\u6642\u9593\u304c\u3042\u308a\u307e\u3059\u306d\u3002<\/p>\n<p>\u30b6\u30c3\u30ab\u30ea\u30fc\u30fb\u30ab\u30fc\u30af\u30db\u30fc\u30f3\uff08Zachary Kirkhorn\uff09\uff1a\u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005\uff08CFO<\/p>\n<p>\u3048\u3048\u3001\u30ec\u30a4\u30c6\u30f3\u30b7\u30fc\u304c\u3042\u308a\u307e\u3059\u306d\u3002<\/p>\n<p>\u30a4\u30fc\u30ed\u30f3\u30fb\u30de\u30b9\u30af &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\u517c\u30d7\u30ed\u30c0\u30af\u30c8\u30a2\u30fc\u30ad\u30c6\u30af\u30c8<\/p>\n<p>\u3060\u304b\u3089\u79c1\u306f\u3001\u6700\u9ad8\u306e\u6c7a\u65ad\u306f\u30d0\u30c3\u30af\u30df\u30e9\u30fc\u8d8a\u3057\u306a\u3089\u610f\u5473\u3092\u306a\u3059\u304c\u3001\u30d5\u30ed\u30f3\u30c8\u30ac\u30e9\u30b9\u8d8a\u3057\u3067\u306f\u610f\u5473\u3092\u306a\u3055\u306a\u3044\u3068\u8a00\u3046\u306e\u3067\u3059\u3002\u305d\u3057\u3066\u3001\u30d5\u30ed\u30f3\u30c8\u30ac\u30e9\u30b9\u306f\u30d5\u30ed\u30f3\u30c8\u30ac\u30e9\u30b9\u3092\u624b\u306b\u5165\u308c\u305f\u306e\u3067\u3059\u3002<\/p>\n<p>\u30b6\u30c3\u30ab\u30ea\u30fc\u30fb\u30ab\u30fc\u30af\u30db\u30fc\u30f3\uff08Zachary Kirkhorn\uff09 &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3002\u305d\u308c\u3067\u3001\u5c11\u306a\u304f\u3068\u3082\u3053\u308c\u307e\u3067\u308f\u304b\u3063\u3066\u3044\u308b\u3053\u3068\u306f\u3001\u7b2c3\u56db\u534a\u671f\u306e\u5546\u54c1\u30b5\u30a4\u30c9\u306e\u30d4\u30fc\u30af\u304c\u3001\u79c1\u306f\u30d4\u30fc\u30af\u3068\u8a00\u3044\u307e\u3057\u305f\u304c\u3001\u3067\u304d\u308c\u3070\u30d4\u30fc\u30af\u306e\u307e\u307e\u3067\u3042\u3063\u3066\u307b\u3057\u3044\u3057\u3001\u3067\u304d\u308c\u3070\u4e0b\u304c\u308a\u59cb\u3081\u3066\u307b\u3057\u3044\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002\u7b2c4\u56db\u534a\u671f\u306e\u30b3\u30b9\u30c8\u69cb\u9020\u306b\u306f\u3001\u4e3b\u306b\u9244\u92fc\u3068\u30a2\u30eb\u30df\u304b\u3089\u5c11\u91cf\u306e\u751f\u7523\u304c\u898b\u8fbc\u307e\u308c\u3066\u3044\u307e\u3059\u304c\u3001\u3053\u308c\u307e\u3067\u306e\u4e0a\u6607\u5e45\u306e10%\u672a\u6e80\u3067\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u3044\u304f\u3064\u304b\u306e\u30b3\u30b9\u30c8\u69cb\u9020\u306e\u6307\u6a19\u3092\u898b\u308b\u9650\u308a\u3067\u306f\u3001\u79c1\u305f\u3061\u306f\u697d\u89b3\u7684\u3067\u3059\u3002<\/p>\n<p>\u3067\u3059\u304b\u3089\u3001\u3053\u308c\u306f\u6642\u9593\u306e\u7d4c\u904e\u3068\u3068\u3082\u306b\u5165\u3063\u3066\u304f\u308b\u3067\u3057\u3087\u3046\u3002\u305f\u3060\u3001\u7b2c4\u56db\u534a\u671f\u306b\u3053\u306e\u5206\u91ce\u306e\u30b3\u30b9\u30c8\u524a\u6e1b\u304c\u4e00\u6c17\u306b\u9032\u3080\u3068\u3044\u3046\u3053\u3068\u306f\u306a\u3044\u3060\u308d\u3046\u3068\u3001\u79c1\u306f\u671f\u5f85\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u30a4\u30fc\u30ed\u30f3\u30fb\u30de\u30b9\u30af &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\u517c\u30d7\u30ed\u30c0\u30af\u30c8\u30a2\u30fc\u30ad\u30c6\u30af\u30c8<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u30022023\u5e74\u306b\u306f\u3001\u304a\u305d\u3089\u304f\u4f55\u3089\u304b\u306e\u30b3\u30b9\u30c8\u524a\u6e1b\u304c\u898b\u3089\u308c\u308b\u3067\u3057\u3087\u3046\u3002\u305d\u3046\u3067\u306a\u3051\u308c\u3070\u3001\u79c1\u306f\u9a5a\u304d\u307e\u3059\u3002<\/p>\n<p>\u8b1b\u6f14\u8005\u4e0d\u660e<\/p>\n<p>\u7d9a\u3044\u3066\u3001\u30a4\u30fc\u30ed\u30f3\u3055\u3093\u3078\u3002Twitter\u306e\u8cb7\u53ce\u3001SpaceX\u3084Neuralink\u3001Tesla\u3078\u306e\u51fa\u8cc7\u3092\u63a7\u3048\u3066\u3044\u307e\u3059\u304c\u3001Google Alphabet\u306e\u3088\u3046\u306a\u5358\u4e00\u306e\u4e0a\u90e8\u7d44\u7e54\u3067\u904b\u55b6\u3059\u308b\u3053\u3068\u3067\u3001\u7d71\u5408\u5f8c\u306e\u4f01\u696d\u306f\u3069\u306e\u7a0b\u5ea6\u306e\u5229\u76ca\u3092\u5f97\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u3067\u3057\u3087\u3046\u304b\uff1f<\/p>\n<p>\u30a4\u30fc\u30ed\u30f3\u30fb\u30de\u30b9\u30af &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\u517c\u30d7\u30ed\u30c0\u30af\u30c8\u30a2\u30fc\u30ad\u30c6\u30af\u30c8<\/p>\n<p>\u91cd\u306a\u308a\u5177\u5408\u306f\u3001\u79c1\u306b\u306f\u3088\u304f\u308f\u304b\u308a\u307e\u305b\u3093\u3002\u30bc\u30ed\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u304c\u3001\u305d\u308c\u306f&#8230;&#8230;\u5230\u9054\u3057\u3066\u3044\u308b\u3068\u601d\u3044\u307e\u3059\u3002\u5fc3\u914d\u3057\u3066\u3044\u308b\u308f\u3051\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u79c1\u306f\u6295\u8cc7\u5bb6\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n<p>\u79c1\u306f\u30a8\u30f3\u30b8\u30cb\u30a2\u3067\u3042\u308a\u3001\u88fd\u9020\u696d\u3067\u3042\u308a\u3001\u6280\u8853\u8005\u3067\u3059\u3002\u3060\u304b\u3089\u3001\u5b9f\u969b\u306b\u50cd\u3044\u3066\u3001\u88fd\u54c1\u3092\u8a2d\u8a08\u3057\u3001\u958b\u767a\u3059\u308b\u3002\u305d\u308c\u304c\u79c1\u306e\u4ed5\u4e8b\u3067\u3059\u3002\u3060\u304b\u3089\u3001\u3053\u306e\u88fd\u54c1\u306b\u6295\u8cc7\u3059\u308b\u3088\u3046\u306a\u3053\u3068\u306f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n<p>\u3067\u3059\u304b\u3089\u3001\u3069\u3046\u3067\u3057\u3087\u3046\u3002\u5c11\u306a\u304f\u3068\u3082\u4eca\u306e\u3068\u3053\u308d\u306f\u3001\u660e\u3089\u304b\u306b\u4f55\u3089\u304b\u306e&#8230;&#8230;\u5098\u4e0b\u306b\u5165\u308b\u3068\u3044\u3046\u3053\u3068\u306f\u306a\u3044\u3067\u3057\u3087\u3046\u3002\u3068\u3044\u3046\u306e\u3082\u3001\u660e\u3089\u304b\u306b\u5225\u306e\u90e8\u5206\u304c\u4fe1\u3058\u3089\u308c\u306a\u3044\u307b\u3069\u3046\u307e\u304f\u3044\u3063\u3066\u3044\u308b\u304b\u3089\u3067\u3059\u3002\u305d\u3057\u3066\u3001\u3053\u306e\u7a2e\u306e\u3082\u306e\u304c\u9577\u3044\u9593\u4f4e\u8ff7\u3057\u3066\u3044\u305f\u306e\u306f\u5927\u898f\u6a21\u306a\u3053\u3068\u3060\u3068\u601d\u3044\u307e\u3059\u304c\u3001\u4fe1\u3058\u3089\u308c\u306a\u3044\u307b\u3069\u306e\u53ef\u80fd\u6027\u3092\u79d8\u3081\u3066\u3044\u308b\u306e\u3067\u3059\u3002<\/p>\n<p>\u660e\u3089\u304b\u306b\u3001\u79c1\u3084\u4ed6\u306e\u6295\u8cc7\u5bb6\u306fTwitter\u306b\u904e\u5270\u306b\u6295\u8cc7\u3057\u3066\u3044\u307e\u3059\u304c\u3001\u79c1\u306e\u8003\u3048\u3067\u306f\u3001Twitter\u306e\u9577\u671f\u7684\u306a\u53ef\u80fd\u6027\u306f\u3001\u73fe\u5728\u306e\u4fa1\u5024\u3088\u308a\u3082\u6841\u9055\u3044\u306b\u5927\u304d\u3044\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>\u30de\u30fc\u30c6\u30a3\u30f3\u30fb\u30d3\u30a8\u30c1\u30e3<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002\u6b21\u306f\u3001New Street Research\u306e\u30d4\u30a8\u30fc\u30eb\u30fb\u30d5\u30a7\u30e9\u30fc\u30b0\u3055\u3093\u304b\u3089\u306e\u8cea\u554f\u3067\u3059\u3002\u30d4\u30a8\u30fc\u30eb\u3001\u3069\u3046\u305e\u3001\u30df\u30e5\u30fc\u30c8\u3092\u89e3\u9664\u3057\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>Pierre Ferragu &#8212; New Street Research &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u3053\u3093\u306b\u3061\u306f\u3002\u805e\u3053\u3048\u307e\u3059\u304b\u3001\u7686\u3055\u3093\uff1f<\/p>\n<p>Martin Viecha<\/p>\n<p>\u306f\u3044\u3001\u805e\u3053\u3048\u307e\u3059\u3002<\/p>\n<p>Pierre Ferragu &#8212; New Street Research &#8212; Analyst<\/p>\n<p>\u7d20\u6674\u3089\u3057\u3044 4680\u306e\u6700\u65b0\u60c5\u5831\u3092\u307e\u305f\u6559\u3048\u3066\u304f\u3060\u3055\u3044\u3001Drew\u3002\u524d\u56de\u3053\u306e\u8a71\u3092\u3057\u305f\u3068\u304d\u306f\u3001\u88fd\u9020\u306e\u30b9\u30b1\u30fc\u30eb\u30a2\u30c3\u30d7\u306b\u3064\u3044\u3066\u8cea\u554f\u3055\u308c\u307e\u3057\u305f\u304c\u3001\u307e\u3060\u3044\u304f\u3064\u304b\u306e\u8ab2\u984c\u304c\u6b8b\u3063\u3066\u3044\u307e\u3057\u305f\u3002\u73fe\u5728\u306f\u898f\u6a21\u304c\u6c7a\u307e\u3063\u3066\u3044\u3066\u3001\u3042\u3068\u306f\u3088\u308a\u5927\u304d\u304f\u3059\u308b\u305f\u3081\u306e\u30ed\u30b8\u30b9\u30c6\u30a3\u30c3\u30af\u30b9\u306e\u554f\u984c\u3060\u3068\u8a00\u3063\u3066\u3044\u3044\u306e\u3067\u3057\u3087\u3046\u304b\uff1f\u3053\u308c\u304c1\u3064\u76ee\u306e\u8cea\u554f\u3067\u3059\u3002<\/p>\n<p>2\u3064\u76ee\u306e\u8cea\u554f\u3067\u3059\u304c\u3001\u30d0\u30c3\u30c6\u30ea\u30fc\u30c7\u30fc\u3067\u3042\u306a\u305f\u304c\u8aac\u660e\u3057\u305f\u30a4\u30ce\u30d9\u30fc\u30b7\u30e7\u30f3\u3068\u30b3\u30b9\u30c8\u524a\u6e1b\u3001\u52b9\u7387\u5316\u306e\u9053\u7b4b\u306b\u3064\u3044\u3066\u3001\u73fe\u5728\u306e\u72b6\u6cc1\u306f\u3069\u3046\u3067\u3057\u3087\u3046\u304b\uff1f\u307e\u305f\u3001\u305d\u306e\u3068\u304d\u306b\u8aac\u660e\u3055\u308c\u305f\u3059\u3079\u3066\u306e\u53ef\u80fd\u6027\u3092\u5b9f\u73fe\u3059\u308b\u306b\u306f\u3001\u3069\u308c\u304f\u3089\u3044\u306e\u6642\u9593\u304c\u304b\u304b\u308b\u306e\u3067\u3057\u3087\u3046\u304b\uff1f<\/p>\n<p>Drew Baglino &#8212; \u30d1\u30ef\u30fc\u30c8\u30ec\u30a4\u30f3\u304a\u3088\u3073\u30a8\u30cd\u30eb\u30ae\u30fc\u30a8\u30f3\u30b8\u30cb\u30a2\u30ea\u30f3\u30b0\u62c5\u5f53\u4e0a\u7d1a\u526f\u793e\u9577<\/p>\n<p>\u307e\u305a\u30012\u3064\u76ee\u306e\u8cea\u554f\u3092\u3055\u305b\u3066\u3044\u305f\u3060\u304d\u307e\u3059\u3002\u30d0\u30c3\u30c6\u30ea\u30fc\u30c7\u30fc\u3067\u306f\u3001\u79c1\u305f\u3061\u304c\u63d0\u6848\u3057\u3001\u307f\u3093\u306a\u3068\u5171\u6709\u3057\u3066\u304d\u305f\u3059\u3079\u3066\u306e\u30a2\u30a4\u30c7\u30a2\u306b\u3064\u3044\u3066\u30012026\u5e74\u307e\u3067\u306e\u30bf\u30a4\u30e0\u30e9\u30a4\u30f3\u3092\u793a\u3057\u307e\u3057\u305f\u3002<\/p>\n<p>\u30a4\u30fc\u30ed\u30f3\u30fb\u30de\u30b9\u30af &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\u517c\u30d7\u30ed\u30c0\u30af\u30c8\u30a2\u30fc\u30ad\u30c6\u30af\u30c8<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3001\u9a5a\u304d\u307e\u3057\u305f\u3002\u79c1\u305f\u3061\u306f\u305d\u308c\u4ee5\u4e0a\u306e\u6210\u679c\u3092\u3042\u3052\u308b\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>\u30c9\u30ea\u30e5\u30fc\u30fb\u30d0\u30b0\u30ea\u30fc\u30ce\uff08Drew Baglino\uff09\uff1a\u30d1\u30ef\u30fc\u30c8\u30ec\u30a4\u30f3\uff06\u30a8\u30cd\u30eb\u30ae\u30fc\u30a8\u30f3\u30b8\u30cb\u30a2\u30ea\u30f3\u30b0\u62c5\u5f53\u4e0a\u7d1a\u526f\u793e\u9577<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3001\u305f\u3060\u3001\u5927\u307e\u304b\u306b\u306f&#8230;&#8230;\u3059\u3079\u3066\u3042\u3052\u3066\u307f\u3066\u304f\u3060\u3055\u3044\u3001\u3053\u306e\u9806\u756a\u3067\u3059\u30021\u30ab\u6708\u3068\u3044\u3046\u308f\u3051\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u30026\u30ab\u6708\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n<p>6\u5e74\u3067\u3059\u3002\u305d\u3057\u3066\u79c1\u305f\u3061\u306f\u3001\u3053\u308c\u3089\u306e\u3055\u307e\u3056\u307e\u306a\u30a2\u30a4\u30c7\u30a2\u3092\u3001\u5fc5\u8981\u7d4c\u8cbb\u3068\u4e26\u884c\u3057\u3066\u304b\u306a\u308a\u7a4d\u6975\u7684\u306b\u5b9f\u884c\u306b\u79fb\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u30a4\u30fc\u30ed\u30f3\u30fb\u30de\u30b9\u30af &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\u517c\u30d7\u30ed\u30c0\u30af\u30c8\u30a2\u30fc\u30ad\u30c6\u30af\u30c8<\/p>\n<p>\u3064\u307e\u308a\u3001\u79c1\u306fPO\u3092\u65ad\u3063\u3066\u3044\u306a\u3044\u306e\u3067\u3059\u3002<\/p>\n<p>\u30c9\u30ea\u30e5\u30fc\u30fb\u30d0\u30b0\u30ea\u30fc\u30ce\uff08Drew Baglino\uff09\u6c0f &#8212; \u30d1\u30ef\u30fc\u30c8\u30ec\u30a4\u30f3\u304a\u3088\u3073\u30a8\u30cd\u30eb\u30ae\u30fc\u30a8\u30f3\u30b8\u30cb\u30a2\u30ea\u30f3\u30b0\u62c5\u5f53\u4e0a\u7d1a\u526f\u793e\u9577<\/p>\n<p>\u3048\u3048\u3001\u3048\u3048\u3001\u305d\u3046\u3067\u3059\u3002\u79c1\u305f\u3061\u306f\u7d20\u6674\u3089\u3057\u3044\u4eba\u6750\u3092\u898b\u3064\u3051\u3001\u4f1a\u793e\u306b\u8fce\u3048\u5165\u308c\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002\u305d\u3057\u3066\u3001\u79c1\u305f\u3061\u304c\u4eba\u3092\u9060\u3056\u3051\u3066\u3044\u308b\u306a\u3093\u3066\u3001\u307f\u3093\u306a\u4fe1\u3058\u306a\u3044\u65b9\u304c\u3044\u3044\u3002<\/p>\n<p>\u30a4\u30fc\u30ed\u30f3\u30fb\u30de\u30b9\u30af &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\u517c\u30d7\u30ed\u30c0\u30af\u30c8\u30a2\u30fc\u30ad\u30c6\u30af\u30c8<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3001\u3053\u306e\u554f\u984c\u306f\u30db\u30c3\u30c8\u30dd\u30f3\u30c9\u3067\u3059\u304c\u3001\u79c1\u305f\u3061\u306f\u305d\u308c\u3092\u89e3\u6c7a\u3057\u3066\u3044\u307e\u3059\u3002\u305d\u3057\u3066\u30014680\u304c\u4e16\u754c\u3067\u6700\u3082\u7af6\u4e89\u529b\u306e\u3042\u308b\u30d0\u30c3\u30c6\u30ea\u30fc\u30bb\u30eb\u306b\u306a\u308b\u3053\u3068\u306b\u3001\u79c1\u305f\u3061\u306f\u4eca\u3067\u3082\u81ea\u4fe1\u3092\u6301\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>Drew Baglino &#8212; \u30d1\u30ef\u30fc\u30c8\u30ec\u30a4\u30f3\uff06\u30a8\u30cd\u30eb\u30ae\u30fc\u30a8\u30f3\u30b8\u30cb\u30a2\u30ea\u30f3\u30b0\u62c5\u5f53\u4e0a\u7d1a\u526f\u793e\u9577<\/p>\n<p>\u305d\u3057\u3066\u3001\u305d\u308c\u3092\u53d6\u308a\u5dfb\u304f\u30b7\u30b9\u30c6\u30e0\u5168\u4f53\u306e\u3053\u3068\u3067\u3059\u306d\u3002\u5fc5\u305a\u3057\u3082\u7279\u5b9a\u306e\u30d5\u30a9\u30fc\u30e0\u30d5\u30a1\u30af\u30bf\u30fc\u304c\u5fc5\u8981\u306a\u308f\u3051\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u88fd\u9020\u30d7\u30ed\u30bb\u30b9\u304b\u3089\u3044\u304b\u306b\u30b3\u30b9\u30c8\u3092\u5f15\u304d\u51fa\u305b\u308b\u304b\u3001\u3042\u308b\u3044\u306f\u51e6\u7406\u5de5\u7a0b\u3092\u7701\u3051\u308b\u304b\u3001\u3068\u3044\u3063\u305f\u7d30\u90e8\u3078\u306e\u914d\u616e\u3067\u3059\u3002<\/p>\n<p>\u30a4\u30fc\u30ed\u30f3\u30fb\u30de\u30b9\u30af\uff08\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\u517c\u30d7\u30ed\u30c0\u30af\u30c8\u30a2\u30fc\u30ad\u30c6\u30af\u30c8<\/p>\n<p>\u305d\u3057\u3066\u3001\u9271\u5c71\u304b\u3089\u96fb\u6c60\u306b\u81f3\u308b\u307e\u3067\u3001\u3059\u3079\u3066\u306e\u5de5\u7a0b\u3067\u3002<\/p>\n<p>\u30c9\u30ea\u30e5\u30fc\u30fb\u30d0\u30b0\u30ea\u30fc\u30ce\uff08Drew Baglino\uff09\uff1a\u30d1\u30ef\u30fc\u30c8\u30ec\u30a4\u30f3\uff06\u30a8\u30cd\u30eb\u30ae\u30fc\u30a8\u30f3\u30b8\u30cb\u30a2\u30ea\u30f3\u30b0\u62c5\u5f53\u4e0a\u7d1a\u526f\u793e\u9577<\/p>\n<p>\u3048\u3048\u3001\u305d\u306e\u3068\u304a\u308a\u3067\u3059\u3002<\/p>\n<p>\u30a4\u30fc\u30ed\u30f3\u30fb\u30de\u30b9\u30af &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\u517c\u30d7\u30ed\u30c0\u30af\u30c8\u30a2\u30fc\u30ad\u30c6\u30af\u30c8<\/p>\n<p>\u9014\u4e2d\u306e\u591a\u304f\u306e\u30b9\u30c6\u30c3\u30d7\u3002<\/p>\n<p>\u30c9\u30ea\u30e5\u30fc\u30fb\u30d0\u30b0\u30ea\u30fc\u30ce\uff08Drew Baglino\uff09\u6c0f &#8212; \u30d1\u30ef\u30fc\u30c8\u30ec\u30a4\u30f3\u304a\u3088\u3073\u30a8\u30cd\u30eb\u30ae\u30fc\u30a8\u30f3\u30b8\u30cb\u30a2\u30ea\u30f3\u30b0\u62c5\u5f53\u4e0a\u7d1a\u526f\u793e\u9577<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3002YouTube\u306e\u30d3\u30c7\u30aa\u3092\u3054\u89a7\u306b\u306a\u3063\u305f\u65b9\u306b\u306f\u3001\u30aa\u30f3\u30b5\u30a4\u30c8\u306e\u6b63\u6975\u65bd\u8a2d\u304c\u5b8c\u6210\u3057\u305f\u3053\u3068\u3092\u304a\u4f1d\u3048\u3057\u307e\u3057\u305f\u304c\u3001\u3053\u308c\u306f\u300c\u30d0\u30c3\u30c6\u30ea\u30fc\u30c7\u30fc\u300d\u3067\u304a\u8a71\u3057\u3057\u305f\u8a08\u753b\u306e\u4e00\u90e8\u3067\u3042\u308a\u3001\u3068\u3066\u3082\u697d\u3057\u307f\u306b\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u30a4\u30fc\u30ed\u30f3\u30fb\u30de\u30b9\u30af &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\u517c\u30d7\u30ed\u30c0\u30af\u30c8\u30a2\u30fc\u30ad\u30c6\u30af\u30c8<\/p>\n<p>\u79c1\u305f\u3061\u306f\u3001\u304a\u305d\u3089\u304f\u30ea\u30c1\u30a6\u30e0\u306e\u7cbe\u88fd\u5de5\u5834\u3067\u3059\u3002<\/p>\n<p>\u30c9\u30ea\u30e5\u30fc\u30fb\u30d0\u30b0\u30ea\u30fc\u30ce\uff08Drew Baglino\uff09\u6c0f &#8212; \u30d1\u30ef\u30fc\u30c8\u30ec\u30a4\u30f3\uff06\u30a8\u30cd\u30eb\u30ae\u30fc\u30a8\u30f3\u30b8\u30cb\u30a2\u30ea\u30f3\u30b0\u62c5\u5f53\u4e0a\u7d1a\u526f\u793e\u9577<\/p>\n<p>\u30b3\u30fc\u30d1\u30b9\u30af\u30ea\u30b9\u30c6\u30a3\u306b\u3042\u308a\u307e\u3059\u3002\u79c1\u305f\u3061\u306f\u3001\u30d0\u30c3\u30c6\u30ea\u30fc\u30fb\u30c7\u30fc\u3067\u304a\u8a71\u3057\u3057\u305f\u3088\u3046\u306a\u3055\u307e\u3056\u307e\u306a\u53d6\u308a\u7d44\u307f\u306b\u304a\u91d1\u3092\u304b\u3051\u3066\u3044\u307e\u3059\u3002\u6280\u8853\u7684\u306a\u8ab2\u984c\u3068\u30014680\u306e\u6700\u521d\u306e\u8cea\u554f\u3067\u3042\u308b\u30e9\u30f3\u30d7\u306e\u8cea\u554f\u306b\u3064\u3044\u3066\u3067\u3059\u304c\u3001\u30e9\u30f3\u30d7\u306f\u6c7a\u3057\u3066\u7c21\u5358\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u307e\u305f\u3001\u6b69\u7559\u307e\u308a\u3084\u76ee\u6a19\u9054\u6210\u307e\u3067\u306e\u6700\u7d42\u7684\u306a\u30b5\u30a4\u30af\u30eb\u30bf\u30a4\u30e0\u306b\u3064\u3044\u3066\u3082\u3001\u30ed\u30b8\u30b9\u30c6\u30a3\u30af\u30b9\u306e\u304a\u8a71\u304c\u3042\u308a\u307e\u3057\u305f\u3002<\/p>\n<p>\u79c1\u305f\u3061\u304c\u7279\u306b\u91cd\u8996\u3057\u3066\u3044\u308b\u3053\u3068\u3067\u306f\u306a\u3044\u3068\u601d\u3044\u307e\u3059\u304c\u3001\u5168\u7c73\u306e\u3055\u307e\u3056\u307e\u306a\u62e0\u70b9\u3067\u4f55\u767e\u30ae\u30ac\u30ef\u30c3\u30c8\u3082\u306e\u6642\u9593\u3092\u304b\u3051\u3066\u751f\u7523\u3057\u3066\u3044\u308b\u4ee5\u4e0a\u3001\u3044\u305a\u308c\u306f\u554f\u984c\u306b\u306a\u308a\u5f97\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u3053\u3053\u306b\u5ea7\u3063\u3066\u8ab2\u984c\u304c\u6b8b\u3063\u3066\u3044\u306a\u3044\u3068\u8a00\u3046\u3064\u3082\u308a\u306f\u3042\u308a\u307e\u305b\u3093\u304c\u3001\u79c1\u305f\u3061\u306f\u591a\u304f\u306e\u5206\u91ce\u3067\u6280\u8853\u7684\u30ea\u30b9\u30af\u306e\u4f4e\u6e1b\u3092\u9032\u3081\u3066\u304d\u307e\u3057\u305f\u3002\u30b5\u30a4\u30af\u30eb\u30bf\u30a4\u30e0\u306f\u5287\u7684\u306b\u6539\u5584\u3055\u308c\u307e\u3057\u305f\u3002\u6b69\u7559\u307e\u308a\u3082\u5287\u7684\u306b\u6539\u5584\u3055\u308c\u307e\u3057\u305f\u3002<\/p>\n<p>\u305d\u3057\u3066\u3001\u6628\u65e5\u30de\u30fc\u30c6\u30a3\u30f3\u304c\u6b69\u3044\u3066\u3044\u305f\u3088\u3046\u306b\u3001\u3053\u3053\u30c6\u30ad\u30b5\u30b9\u3067\u30e9\u30a4\u30f3\u3092\u6b69\u304f\u3060\u3051\u3067\u3001\u3044\u304f\u3064\u304b\u306e\u30b3\u30e1\u30f3\u30c8\u3092\u3082\u3089\u3044\u307e\u3057\u305f\u3002\u52a0\u901f\u3057\u3066\u3044\u308b\u306e\u304c\u3088\u304f\u308f\u304b\u308a\u307e\u3059\u3002\u30d5\u30ea\u30fc\u30e2\u30f3\u30c8\u306e\u5de5\u5834\u304b\u3089\u30c6\u30ad\u30b5\u30b9\u306b\u79fb\u3063\u3066\u3001\u305f\u304f\u3055\u3093\u306e\u7c21\u7d20\u5316\u3092\u884c\u3044\u307e\u3057\u305f\u304c\u3001\u305d\u308c\u304c\u3053\u3053\u3067\u306e\u7acb\u3061\u4e0a\u3052\u306e\u30b9\u30d4\u30fc\u30c9\u306b\u53cd\u6620\u3055\u308c\u3066\u3044\u307e\u3059\u3002\u3082\u3061\u308d\u3093\u3001\u3053\u308c\u306f\u30c6\u30ad\u30b5\u30b9\u306e\u591a\u304f\u306e\u30e9\u30a4\u30f3\u306e\u3046\u3061\u306e1\u3064\u3067\u3059\u3002<\/p>\n<p>\u3067\u3059\u304b\u3089\u3001\u5de5\u5834\u304b\u3089\u5de5\u5834\u3078\u3068\u3044\u3046\u3053\u3068\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u30b7\u30f3\u30d7\u30eb\u3055\u3068\u30b9\u30b1\u30fc\u30eb\u306e\u5927\u304d\u3055\u306e\u4e21\u65b9\u3092\u517c\u306d\u5099\u3048\u3066\u3044\u308b\u306e\u3067\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u79c1\u305f\u3061\u306f\u3053\u306e\u65b9\u5411\u6027\u306b\u3068\u3066\u3082\u671f\u5f85\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u30a4\u30fc\u30ed\u30f3\u30fb\u30de\u30b9\u30af &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\u517c\u30d7\u30ed\u30c0\u30af\u30c8\u30a2\u30fc\u30ad\u30c6\u30af\u30c8<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3002\u305d\u3057\u3066\u3001\u79c1\u305f\u3061\u304c\u5b8c\u5168\u306b\u7d71\u5408\u3055\u308c\u308c\u3070\u3001\u304a\u3088\u305d70\u30ad\u30ed\u30ef\u30c3\u30c8\u6642\u306e\u96fb\u6c60\u3092\u4fdd\u6301\u3059\u308b\u9053\u7b4b\u304c\u898b\u3048\u3066\u304f\u308b\u3068\u601d\u3044\u307e\u3059 &#8212; \u30a4\u30f3\u30bb\u30f3\u30c6\u30a3\u30d6\u306e\u524d\u306b1\u30ad\u30ed\u30ef\u30c3\u30c8\u6642\u306e\u96fb\u6c60\u3042\u305f\u308a70\u30c9\u30eb\u3067\u3059\u3002<\/p>\n<p>Drew Baglino &#8212; \u30b7\u30cb\u30a2\u30fb\u30f4\u30a1\u30a4\u30b9\u30fb\u30d7\u30ec\u30b8\u30c7\u30f3\u30c8\u3001\u30d1\u30ef\u30fc\u30c8\u30ec\u30a4\u30f3\uff06\u30a8\u30cd\u30eb\u30ae\u30fc\u30fb\u30a8\u30f3\u30b8\u30cb\u30a2\u30ea\u30f3\u30b0\u62c5\u5f53<\/p>\n<p>\u30a4\u30f3\u30bb\u30f3\u30c6\u30a3\u30d6\u524d<\/p>\n<p>\u30a4\u30fc\u30ed\u30f3\u30fb\u30de\u30b9\u30af &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\uff08CEO\uff09\u517c\u30d7\u30ed\u30c0\u30af\u30c8\u30a2\u30fc\u30ad\u30c6\u30af\u30c8<\/p>\n<p>\u30a4\u30f3\u30bb\u30f3\u30c6\u30a3\u30d6\u524d\u3002\u306f\u3044\u3002<\/p>\n<p>\u30de\u30fc\u30c6\u30a3\u30f3\u30fb\u30d3\u30a8\u30c1\u30e3<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002\u6b21\u306e\u8cea\u554f\u306f\u3001Bernstein\u306eToni Sacconaghi\u3067\u3059\u3002\u30c8\u30cb\u3001\u30df\u30e5\u30fc\u30c8\u3092\u5916\u3057\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>Toni Sacconaghi &#8212; AllianceBernstein &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u306f\u3044\u3001\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u30024680\u500b\u306e\u30bb\u30eb\u306b\u3064\u3044\u3066\u3001\u73fe\u5728\u3069\u3053\u306b\u914d\u7f6e\u3055\u308c\u3066\u3044\u308b\u306e\u304b\u3092\u78ba\u8a8d\u3057\u305f\u3044\u306e\u3067\u3059\u304c\u300212\u67081\u65e5\u306b\u7d0d\u8eca\u3055\u308c\u308b\u30bb\u30df\u306b\u642d\u8f09\u3055\u308c\u3066\u3044\u308b\u306e\u3067\u3057\u3087\u3046\u304b\uff1f\u305d\u308c\u3068\u3082\u30aa\u30fc\u30b9\u30c6\u30a3\u30f3\u3067\u751f\u7523\u3055\u308c\u308bY\u30e2\u30c7\u30eb\u306b\u642d\u8f09\u3055\u308c\u308b\u306e\u3067\u3057\u3087\u3046\u304b\uff1f\u307e\u305f\u30014680\u306f\u4eca\u5e74\u5f8c\u534a\u306b\u30b5\u30a4\u30d0\u30fc\u30c8\u30e9\u30c3\u30af\u3092\u5897\u7523\u3059\u308b\u305f\u3081\u306e\u30b2\u30fc\u30c8\u30d5\u30a1\u30af\u30bf\u30fc\u306b\u306a\u308b\u3068\u4e88\u60f3\u3055\u308c\u307e\u3059\u304b? \u307e\u305f\u3001\u30bb\u30df\u3001\u30b5\u30a4\u30d0\u30fc\u30c8\u30e9\u30c3\u30af\u3001\u305d\u3057\u30662023\u5e74\u306eModel Y\u306b\u81f3\u308b\u307e\u3067\u306e4680\u306e\u5fc5\u8981\u6027\u306b\u3064\u3044\u3066\u3001\u3069\u306e\u3088\u3046\u306b\u30d0\u30e9\u30f3\u30b9\u3092\u53d6\u3063\u3066\u3044\u308b\u306e\u3067\u3057\u3087\u3046\u304b? \u307e\u305f\u3001\u30d5\u30a9\u30ed\u30fc\u30a2\u30c3\u30d7\u3092\u304a\u9858\u3044\u3057\u307e\u3059\u3002<\/p>\n<p>\u30a4\u30fc\u30ed\u30f3\u30fb\u30de\u30b9\u30af &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\u517c\u30d7\u30ed\u30c0\u30af\u30c8\u30a2\u30fc\u30ad\u30c6\u30af\u30c8<\/p>\n<p>\u308f\u3042\u3002OK\u3067\u3059\u3002Semi\u306f4680\u3092\u4f7f\u308f\u306a\u3044\u3093\u3067\u3059\u306d\u3002\u305d\u3046\u3067\u3059<\/p>\n<p>\u6211\u3005\u306f\u30e2\u30c7\u30ebY\u3092\u4f5c\u3063\u3066\u3044\u307e\u3059\u3002\u30ae\u30ac\u30fb\u30c6\u30ad\u30b5\u30b9\u304b\u3089\u51fa\u8377\u3055\u308c\u308b Y\u578b\u306f4680\u3060 \u30c9\u30ea\u30e5\u30fc\u304c\u4e57\u3063\u3066\u3044\u308b\u8eca\u306f 4680\u30e2\u30c7\u30ebY\uff1f<\/p>\n<p>\u30c9\u30ea\u30e5\u30fc\u30fb\u30d0\u30b0\u30ea\u30fc\u30ce &#8212; \u30d1\u30ef\u30fc\u30c8\u30ec\u30a4\u30f3\uff06\u30a8\u30cd\u30eb\u30ae\u30fc\u30a8\u30f3\u30b8\u30cb\u30a2\u30ea\u30f3\u30b0\u62c5\u5f53\u4e0a\u7d1a\u526f\u793e\u9577<\/p>\n<p>\u306f\u3044\u300110,000\u30de\u30a4\u30eb\u3067\u3059\u3002<\/p>\n<p>\u30a4\u30fc\u30ed\u30f3\u30fb\u30de\u30b9\u30af &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\u517c\u30d7\u30ed\u30c0\u30af\u30c8\u30a2\u30fc\u30ad\u30c6\u30af\u30c8<\/p>\n<p>1\u4e07\u30de\u30a4\u30eb\u3067\u3059\u304b\u3002\u304b\u306a\u308a\u3044\u3044\u3067\u3059\u306d\u3002<\/p>\n<p>Drew Baglino &#8212; \u30d1\u30ef\u30fc\u30c8\u30ec\u30a4\u30f3\u304a\u3088\u3073\u30a8\u30cd\u30eb\u30ae\u30fc\u30a8\u30f3\u30b8\u30cb\u30a2\u30ea\u30f3\u30b0\u62c5\u5f53\u4e0a\u7d1a\u526f\u793e\u9577<\/p>\n<p>\u307e\u3060\u554f\u984c\u306f\u306a\u3044\u3002\u305d\u3046\u3067\u3059\u306d\u3002\u69cb\u9020\u7684\u306a\u80cc\u9762\u3001\u69cb\u9020\u7684\u306a\u30d1\u30c3\u30af\u3002<\/p>\n<p>\u30a4\u30fc\u30ed\u30f3\u30fb\u30de\u30b9\u30af &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\u517c\u30d7\u30ed\u30c0\u30af\u30c8\u30a2\u30fc\u30ad\u30c6\u30af\u30c8<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3002\u79c1\u305f\u3061\u306e4680\u306e\u751f\u7523\u91cf\u306f\u6307\u6570\u95a2\u6570\u7684\u306b\u5897\u52a0\u3057\u3066\u3044\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u30d0\u30c3\u30c6\u30ea\u30fc\u30bb\u30eb\u3057\u304b\u4f5c\u3089\u306a\u3044\u3088\u3046\u306a\u3001\u975e\u5e38\u306b\u8ce2\u3044\u7af6\u4e89\u529b\u306e\u3042\u308b\u4f01\u696d\u5168\u4f53\u304c\u3042\u308b\u3053\u3068\u3092\u5fc3\u306b\u7559\u3081\u3066\u304a\u304f\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002\u3053\u308c\u306f\u5358\u306b\u30c6\u30b9\u30e9\u306e1\u30bb\u30b0\u30e1\u30f3\u30c8\u306b\u904e\u304e\u307e\u305b\u3093\u3002<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3002\u3067\u3059\u304b\u3089\u3001\u5168\u4f53\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n<p>Drew Baglino &#8212; \u30d1\u30ef\u30fc\u30c8\u30ec\u30a4\u30f3\u304a\u3088\u3073\u30a8\u30cd\u30eb\u30ae\u30fc\u30a8\u30f3\u30b8\u30cb\u30a2\u30ea\u30f3\u30b0\u62c5\u5f53\u4e0a\u7d1a\u526f\u793e\u9577<\/p>\n<p>\u3044\u3044\u3048\u3001\u307e\u3060&#8230;&#8230;\u307e\u3060\u8d85\u3048\u3066\u3044\u306a\u3044\u8ab2\u984c\u304c\u6b8b\u3063\u3066\u3044\u307e\u3059\u3002\u9593\u9055\u3044\u306a\u304f\u306d\u3002<\/p>\n<p>\u30a4\u30fc\u30ed\u30f3\u30fb\u30de\u30b9\u30af &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\u517c\u30d7\u30ed\u30c0\u30af\u30c8\u30a2\u30fc\u30ad\u30c6\u30af\u30c8<\/p>\n<p>Cybertruck\u306a\u3069\u306e\u3088\u3046\u306a\u3053\u3068\u306f\u60f3\u5b9a\u3057\u3066\u3044\u307e\u305b\u3093\u3002<\/p>\n<p>\u30de\u30fc\u30c6\u30a3\u30f3\u30fb\u30f4\u30a3\u30a8\u30c1\u30e3<\/p>\n<p>OK\u3067\u3059\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002\u6700\u5f8c\u306e\u8cea\u554f\u306f\u3001Truist\u306eWilliam Stein\u3055\u3093\u3067\u3059\u3002\u3069\u3046\u305e\u3001\u30df\u30e5\u30fc\u30c8\u3092\u89e3\u9664\u3057\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>William Stein &#8212; Truist Securities &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u7d20\u6674\u3089\u3057\u3044 \u79c1\u306e\u8cea\u554f\u3092\u53d7\u3051\u3066\u304f\u3060\u3055\u3063\u3066\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u524d\u56de\u3082\u8cea\u554f\u3057\u305f\u3053\u3068\u3067\u3059\u304c\u3001\u30a4\u30fc\u30ed\u30f3\u306f\u30013\u3064\u306e\u4e3b\u8981\u306aAI\u306e\u8a66\u307f\u306b\u3064\u3044\u3066\u3001\u305d\u308c\u305e\u308c\u5546\u696d\u7684\u6210\u529f\u306e\u53ef\u80fd\u6027\u306b\u3064\u3044\u3066\u3001\u3069\u306e\u3088\u3046\u306b\u4e88\u60f3\u3057\u3066\u3044\u307e\u3059\u304b\uff1fFSD\u306f\u30c9\u30e9\u30a4\u30d0\u30fc\u306a\u3057\u3001\u30c8\u30ec\u30fc\u30cb\u30f3\u30b0\u30b3\u30f3\u30d4\u30e5\u30fc\u30bf\u3001\u305d\u3057\u3066\u3082\u3061\u308d\u3093Optimus\u306e\u3088\u3046\u306a\u30a4\u30e1\u30fc\u30b8\u3067\u3057\u3087\u3046\u304b\uff1f<\/p>\n<p>\u30a4\u30fc\u30ed\u30f3\u30fb\u30de\u30b9\u30af &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\u517c\u30d7\u30ed\u30c0\u30af\u30c8\u30a2\u30fc\u30ad\u30c6\u30af\u30c8<\/p>\n<p>\u5b8c\u5168\u306a\u81ea\u52d5\u904b\u8ee2\u3092\u30d5\u30eb\u30bf\u30a4\u30e0\u3067\u9054\u6210\u3059\u308b &#8212; \u305d\u306e\u5b9f\u73fe\u306f100\uff05\u3067\u3059\u3002\u305d\u3057\u3066\u3001\u79c1\u305f\u3061\u306f&#8230;\u3082\u3046\u5c11\u3057\u3067\u305d\u3053\u306b\u5230\u9054\u3059\u308b\u3068\u601d\u3044\u307e\u3059\u3002\u305d\u3057\u3066\u3082\u3061\u308d\u3093\u3001\u898f\u5236\u5f53\u5c40\u306b\u305d\u308c\u3092\u8a3c\u660e\u3057\u3001\u898f\u5236\u5f53\u5c40\u306e\u627f\u8a8d\u3092\u5f97\u306a\u3051\u308c\u3070\u306a\u308a\u307e\u305b\u3093\u304c\u3001\u3053\u308c\u306f\u79c1\u305f\u3061\u306e\u30b3\u30f3\u30c8\u30ed\u30fc\u30eb\u306e\u53ca\u3070\u306a\u3044\u3068\u3053\u308d\u3067\u3059\u3002\u3057\u304b\u3057\u3001\u5b8c\u5168\u306a\u81ea\u52d5\u904b\u8ee2\u8eca\u3001\u5b8c\u5168\u306a\u81ea\u52d5\u904b\u8ee2\u306e\u30d9\u30fc\u30bf\u7248\u3092\u904b\u8ee2\u3057\u3066\u3044\u308b\u4eba\u306a\u3089\u8ab0\u3067\u3082\u3001\u305d\u306e\u9032\u6b69\u306e\u901f\u3055\u3092\u5b9f\u611f\u3067\u304d\u308b\u306f\u305a\u3067\u3059\u3002<\/p>\n<p>\u79c1\u305f\u3061\u304c\u5b9f\u969b\u306b\u305d\u3053\u306b\u5230\u9054\u3057\u3066\u3044\u308b\u3053\u3068\u3092\u3001\u3054\u81ea\u8eab\u3067\u4f53\u9a13\u3057\u3066\u304f\u3060\u3055\u3044\u3002\u5b9f\u969b\u3001\u79c1\u305f\u3061\u306f\u307b\u3068\u3093\u3069\u305d\u3053\u306b\u5230\u9054\u3057\u3066\u3044\u307e\u3059\u3002\u305d\u3057\u3066\u3001\u304a\u305d\u3089\u304f100\uff05\u9054\u6210\u3067\u304d\u3066\u3044\u308b\u306f\u305a\u3067\u3059\u3002Optimus\u306f\u3001\u5341\u5206\u306a\u6642\u9593\u304c\u3042\u308c\u3070\u3001\u304a\u305d\u3089\u304f100\uff05\u6210\u529f\u3059\u308b\u88fd\u54c1\u306b\u306a\u308b\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>Dojo\u306b\u3064\u3044\u3066\u306f\u3001\u3082\u3046\u5c11\u3057\u8cea\u554f\u3055\u305b\u3066\u304f\u3060\u3055\u3044\u3002NVIDIA\u306eGPU\u304c\u3069\u3093\u3069\u3093\u9032\u5316\u3057\u3066\u3044\u304f\u4e2d\u3067\u3001\u79c1\u305f\u3061\u306fNVIDIA\u306eGPU\u3068\u7af6\u4e89\u3057\u3066\u3044\u3051\u308b\u306e\u304b\uff1fDojo\u306b\u3064\u3044\u3066\u306f\u3001\u307e\u3060\u5224\u65ad\u304c\u3064\u304b\u306a\u3044\u3068\u3053\u308d\u3067\u3059\u3002Dojo\u30c1\u30fc\u30e0\u306f\u3001\u30cb\u30e5\u30fc\u30e9\u30eb\u30fb\u30c8\u30ec\u30fc\u30cb\u30f3\u30b0\u3067NVIDIA\u3092\u51cc\u99d5\u3067\u304d\u308b\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002Dojo\u306f\u3082\u3046\u7d42\u308f\u308a\u3067\u3059\u3002<\/p>\n<p>\u305d\u308c\u304c\u672c\u5f53\u304b\u3069\u3046\u304b\u3001\u6765\u5e74\u306b\u306f\u308f\u304b\u308b\u3068\u601d\u3044\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u79c1\u305f\u3061\u306f\u304a\u305d\u3089\u304f&#8230;&#8230;Dojo\u306e\u30a2\u30fc\u30ad\u30c6\u30af\u30c1\u30e3\u306f\u3001\u52dd\u3064\u305f\u3081\u306e\u6b63\u3057\u3044\u30a2\u30fc\u30ad\u30c6\u30af\u30c1\u30e3\u3060\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002\u305d\u306e\u30a2\u30fc\u30ad\u30c6\u30af\u30c1\u30e3\u306e\u4e2d\u3067\u3001\u3069\u308c\u3060\u3051\u3046\u307e\u304f\u5b9f\u884c\u3067\u304d\u308b\u304b\u306b\u304b\u304b\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u30de\u30fc\u30c6\u30a3\u30f3\u30fb\u30f4\u30a3\u30a8\u30c1\u30e3<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002\u6b8b\u5ff5\u306a\u304c\u3089\u3001\u4eca\u65e5\u306e\u6642\u9593\u306f\u3053\u308c\u3067\u5168\u90e8\u3060\u3068\u601d\u3044\u307e\u3059\u3002\u307e\u305f\u30013\u30f5\u6708\u5f8c\u306b\u304a\u8a71\u3067\u304d\u308b\u3053\u3068\u3092\u697d\u3057\u307f\u306b\u3057\u3066\u3044\u307e\u3059\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002\u305d\u3057\u3066\u3001\u826f\u3044\u4e00\u65e5\u3092\u304a\u904e\u3054\u3057\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>\u30a4\u30fc\u30ed\u30f3\u30fb\u30de\u30b9\u30af &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\u517c\u30d7\u30ed\u30c0\u30af\u30c8\u30a2\u30fc\u30ad\u30c6\u30af\u30c8<\/p>\n<p>\u7686\u3055\u3093\u3001\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>&nbsp;<\/p>\n<p>\u4ee5\u4e0a\u3067\u3059\u3002\u4ed6\u306e\u7ffb\u8a33\u5e0c\u671b\u3084\u3054\u611f\u60f3\u3092\u3044\u305f\u3060\u3051\u308b\u3068\u5b09\u3057\u3044\u3067\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>\u30c6\u30b9\u30e9 (TSLA)2022\u5e74\u7b2c3\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a\u306e\u65e5\u672c\u8a9e\u8a33\u3067\u3059\u3002 \u6c7a\u7b97\u81ea\u4f53\u306f\u58f2\u308a\u4e0a\u3052\u304c\u30a2\u30ca\u30ea\u30b9\u30c8\u4e88\u60f3\u3092\u4e0b\u56de\u3063\u3066\u307e\u3059\u304c\u6210\u9577\u7387\u306a\u3069\u306f\u975e\u5e38\u306b\u826f\u304f\u4eca\u5f8c\u3082\u671f\u5f85\u51fa\u6765\u308b\u3068\u601d\u3044\u307e\u3059\u3002 \u77ed\u671f\u3067\u306f\u4e71\u9ad8\u4e0b\u3059\u308b\u3068\u601d\u3044\u307e\u3059\u304c\u9577\u671f\u3067\u306f\u975e\u5e38\u306b\u671f\u5f85\u51fa &#8230; <\/p>\n","protected":false},"author":1,"featured_media":483,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[217,216,215,83],"class_list":{"0":"post-2068","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-72","8":"tag-ev","9":"tag-tsla","10":"tag-215","11":"tag-83"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>\u30c6\u30b9\u30e9 (TSLA)2022\u5e74\u7b2c3\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=\"\u30c6\u30b9\u30e9 (TSLA)2022\u5e74\u7b2c3\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a\u306e\u65e5\u672c\u8a9e\u8a33\u3067\u3059\u3002\u6c7a\u7b97\u81ea\u4f53\u306f\u58f2\u308a\u4e0a\u3052\u304c\u30a2\u30ca\u30ea\u30b9\u30c8\u4e88\u60f3\u3092\u4e0b\u56de\u3063\u3066\u307e\u3059\u304c\u6210\u9577\u7387\u306a\u3069\u306f\u975e\u5e38\u306b\u826f\u304f\u4eca\u5f8c\u3082\u671f\u5f85\u51fa\u6765\u308b\u3068\u601d\u3044\u307e\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=2068\" \/>\n<meta property=\"og:locale\" content=\"ja_JP\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u30c6\u30b9\u30e9 (TSLA)2022\u5e74\u7b2c3\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=\"\u30c6\u30b9\u30e9 (TSLA)2022\u5e74\u7b2c3\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a\u306e\u65e5\u672c\u8a9e\u8a33\u3067\u3059\u3002\u6c7a\u7b97\u81ea\u4f53\u306f\u58f2\u308a\u4e0a\u3052\u304c\u30a2\u30ca\u30ea\u30b9\u30c8\u4e88\u60f3\u3092\u4e0b\u56de\u3063\u3066\u307e\u3059\u304c\u6210\u9577\u7387\u306a\u3069\u306f\u975e\u5e38\u306b\u826f\u304f\u4eca\u5f8c\u3082\u671f\u5f85\u51fa\u6765\u308b\u3068\u601d\u3044\u307e\u3059\u3002\" \/>\n<meta property=\"og:url\" content=\"https:\/\/1up-life.blog\/?p=2068\" \/>\n<meta property=\"og:site_name\" content=\"\u682a\u5f0f\u6295\u8cc7\u30921up\u3059\u308b\u30d6\u30ed\u30b0\" \/>\n<meta property=\"article:published_time\" content=\"2022-10-20T12:59:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/1up-life.blog\/wp-content\/uploads\/2021\/10\/tesla.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"683\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"\u3059\u3051\u307d\u3093\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"\u57f7\u7b46\u8005\" \/>\n\t<meta name=\"twitter:data1\" content=\"\u3059\u3051\u307d\u3093\" \/>\n\t<meta name=\"twitter:label2\" content=\"\u63a8\u5b9a\u8aad\u307f\u53d6\u308a\u6642\u9593\" \/>\n\t<meta name=\"twitter:data2\" content=\"63\u5206\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/1up-life.blog\\\/?p=2068#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/1up-life.blog\\\/?p=2068\"},\"author\":{\"name\":\"\u3059\u3051\u307d\u3093\",\"@id\":\"https:\\\/\\\/1up-life.blog\\\/#\\\/schema\\\/person\\\/1706c8f6d05b86f64e59045d776dc7b9\"},\"headline\":\"\u30c6\u30b9\u30e9 (TSLA)2022\u5e74\u7b2c3\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a\",\"datePublished\":\"2022-10-20T12:59:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/1up-life.blog\\\/?p=2068\"},\"wordCount\":422,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/1up-life.blog\\\/#\\\/schema\\\/person\\\/1706c8f6d05b86f64e59045d776dc7b9\"},\"image\":{\"@id\":\"https:\\\/\\\/1up-life.blog\\\/?p=2068#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/1up-life.blog\\\/wp-content\\\/uploads\\\/2021\\\/10\\\/tesla.jpg\",\"keywords\":[\"EV\",\"TSLA\",\"\u30c6\u30b9\u30e9\",\"\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=2068#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/1up-life.blog\\\/?p=2068\",\"url\":\"https:\\\/\\\/1up-life.blog\\\/?p=2068\",\"name\":\"\u30c6\u30b9\u30e9 (TSLA)2022\u5e74\u7b2c3\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=2068#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/1up-life.blog\\\/?p=2068#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/1up-life.blog\\\/wp-content\\\/uploads\\\/2021\\\/10\\\/tesla.jpg\",\"datePublished\":\"2022-10-20T12:59:29+00:00\",\"description\":\"\u30c6\u30b9\u30e9 (TSLA)2022\u5e74\u7b2c3\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a\u306e\u65e5\u672c\u8a9e\u8a33\u3067\u3059\u3002\u6c7a\u7b97\u81ea\u4f53\u306f\u58f2\u308a\u4e0a\u3052\u304c\u30a2\u30ca\u30ea\u30b9\u30c8\u4e88\u60f3\u3092\u4e0b\u56de\u3063\u3066\u307e\u3059\u304c\u6210\u9577\u7387\u306a\u3069\u306f\u975e\u5e38\u306b\u826f\u304f\u4eca\u5f8c\u3082\u671f\u5f85\u51fa\u6765\u308b\u3068\u601d\u3044\u307e\u3059\u3002\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/1up-life.blog\\\/?p=2068#breadcrumb\"},\"inLanguage\":\"ja\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/1up-life.blog\\\/?p=2068\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"ja\",\"@id\":\"https:\\\/\\\/1up-life.blog\\\/?p=2068#primaryimage\",\"url\":\"https:\\\/\\\/1up-life.blog\\\/wp-content\\\/uploads\\\/2021\\\/10\\\/tesla.jpg\",\"contentUrl\":\"https:\\\/\\\/1up-life.blog\\\/wp-content\\\/uploads\\\/2021\\\/10\\\/tesla.jpg\",\"width\":1024,\"height\":683},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/1up-life.blog\\\/?p=2068#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"\u30db\u30fc\u30e0\",\"item\":\"https:\\\/\\\/1up-life.blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"\u30c6\u30b9\u30e9 (TSLA)2022\u5e74\u7b2c3\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":"\u30c6\u30b9\u30e9 (TSLA)2022\u5e74\u7b2c3\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a &#8211; \u682a\u5f0f\u6295\u8cc7\u30921up\u3059\u308b\u30d6\u30ed\u30b0","description":"\u30c6\u30b9\u30e9 (TSLA)2022\u5e74\u7b2c3\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a\u306e\u65e5\u672c\u8a9e\u8a33\u3067\u3059\u3002\u6c7a\u7b97\u81ea\u4f53\u306f\u58f2\u308a\u4e0a\u3052\u304c\u30a2\u30ca\u30ea\u30b9\u30c8\u4e88\u60f3\u3092\u4e0b\u56de\u3063\u3066\u307e\u3059\u304c\u6210\u9577\u7387\u306a\u3069\u306f\u975e\u5e38\u306b\u826f\u304f\u4eca\u5f8c\u3082\u671f\u5f85\u51fa\u6765\u308b\u3068\u601d\u3044\u307e\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=2068","og_locale":"ja_JP","og_type":"article","og_title":"\u30c6\u30b9\u30e9 (TSLA)2022\u5e74\u7b2c3\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a &#8211; \u682a\u5f0f\u6295\u8cc7\u30921up\u3059\u308b\u30d6\u30ed\u30b0","og_description":"\u30c6\u30b9\u30e9 (TSLA)2022\u5e74\u7b2c3\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a\u306e\u65e5\u672c\u8a9e\u8a33\u3067\u3059\u3002\u6c7a\u7b97\u81ea\u4f53\u306f\u58f2\u308a\u4e0a\u3052\u304c\u30a2\u30ca\u30ea\u30b9\u30c8\u4e88\u60f3\u3092\u4e0b\u56de\u3063\u3066\u307e\u3059\u304c\u6210\u9577\u7387\u306a\u3069\u306f\u975e\u5e38\u306b\u826f\u304f\u4eca\u5f8c\u3082\u671f\u5f85\u51fa\u6765\u308b\u3068\u601d\u3044\u307e\u3059\u3002","og_url":"https:\/\/1up-life.blog\/?p=2068","og_site_name":"\u682a\u5f0f\u6295\u8cc7\u30921up\u3059\u308b\u30d6\u30ed\u30b0","article_published_time":"2022-10-20T12:59:29+00:00","og_image":[{"width":1024,"height":683,"url":"https:\/\/1up-life.blog\/wp-content\/uploads\/2021\/10\/tesla.jpg","type":"image\/jpeg"}],"author":"\u3059\u3051\u307d\u3093","twitter_card":"summary_large_image","twitter_misc":{"\u57f7\u7b46\u8005":"\u3059\u3051\u307d\u3093","\u63a8\u5b9a\u8aad\u307f\u53d6\u308a\u6642\u9593":"63\u5206"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/1up-life.blog\/?p=2068#article","isPartOf":{"@id":"https:\/\/1up-life.blog\/?p=2068"},"author":{"name":"\u3059\u3051\u307d\u3093","@id":"https:\/\/1up-life.blog\/#\/schema\/person\/1706c8f6d05b86f64e59045d776dc7b9"},"headline":"\u30c6\u30b9\u30e9 (TSLA)2022\u5e74\u7b2c3\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a","datePublished":"2022-10-20T12:59:29+00:00","mainEntityOfPage":{"@id":"https:\/\/1up-life.blog\/?p=2068"},"wordCount":422,"commentCount":0,"publisher":{"@id":"https:\/\/1up-life.blog\/#\/schema\/person\/1706c8f6d05b86f64e59045d776dc7b9"},"image":{"@id":"https:\/\/1up-life.blog\/?p=2068#primaryimage"},"thumbnailUrl":"https:\/\/1up-life.blog\/wp-content\/uploads\/2021\/10\/tesla.jpg","keywords":["EV","TSLA","\u30c6\u30b9\u30e9","\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=2068#respond"]}]},{"@type":"WebPage","@id":"https:\/\/1up-life.blog\/?p=2068","url":"https:\/\/1up-life.blog\/?p=2068","name":"\u30c6\u30b9\u30e9 (TSLA)2022\u5e74\u7b2c3\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=2068#primaryimage"},"image":{"@id":"https:\/\/1up-life.blog\/?p=2068#primaryimage"},"thumbnailUrl":"https:\/\/1up-life.blog\/wp-content\/uploads\/2021\/10\/tesla.jpg","datePublished":"2022-10-20T12:59:29+00:00","description":"\u30c6\u30b9\u30e9 (TSLA)2022\u5e74\u7b2c3\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a\u306e\u65e5\u672c\u8a9e\u8a33\u3067\u3059\u3002\u6c7a\u7b97\u81ea\u4f53\u306f\u58f2\u308a\u4e0a\u3052\u304c\u30a2\u30ca\u30ea\u30b9\u30c8\u4e88\u60f3\u3092\u4e0b\u56de\u3063\u3066\u307e\u3059\u304c\u6210\u9577\u7387\u306a\u3069\u306f\u975e\u5e38\u306b\u826f\u304f\u4eca\u5f8c\u3082\u671f\u5f85\u51fa\u6765\u308b\u3068\u601d\u3044\u307e\u3059\u3002","breadcrumb":{"@id":"https:\/\/1up-life.blog\/?p=2068#breadcrumb"},"inLanguage":"ja","potentialAction":[{"@type":"ReadAction","target":["https:\/\/1up-life.blog\/?p=2068"]}]},{"@type":"ImageObject","inLanguage":"ja","@id":"https:\/\/1up-life.blog\/?p=2068#primaryimage","url":"https:\/\/1up-life.blog\/wp-content\/uploads\/2021\/10\/tesla.jpg","contentUrl":"https:\/\/1up-life.blog\/wp-content\/uploads\/2021\/10\/tesla.jpg","width":1024,"height":683},{"@type":"BreadcrumbList","@id":"https:\/\/1up-life.blog\/?p=2068#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"\u30db\u30fc\u30e0","item":"https:\/\/1up-life.blog\/"},{"@type":"ListItem","position":2,"name":"\u30c6\u30b9\u30e9 (TSLA)2022\u5e74\u7b2c3\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\/2068","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=2068"}],"version-history":[{"count":1,"href":"https:\/\/1up-life.blog\/index.php?rest_route=\/wp\/v2\/posts\/2068\/revisions"}],"predecessor-version":[{"id":2070,"href":"https:\/\/1up-life.blog\/index.php?rest_route=\/wp\/v2\/posts\/2068\/revisions\/2070"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/1up-life.blog\/index.php?rest_route=\/wp\/v2\/media\/483"}],"wp:attachment":[{"href":"https:\/\/1up-life.blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2068"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1up-life.blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2068"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1up-life.blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2068"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}