{"id":8409,"date":"2025-12-23T20:00:00","date_gmt":"2025-12-23T11:00:00","guid":{"rendered":"https:\/\/ir-agents.com\/media\/?p=8409"},"modified":"2025-12-23T17:56:24","modified_gmt":"2025-12-23T08:56:24","slug":"3482-20251203","status":"publish","type":"post","link":"https:\/\/ir-agents.com\/media\/2025\/12\/23\/3482-20251203\/","title":{"rendered":"3482 \u30ed\u30fc\u30c9\u30b9\u30bf\u30fc\u30ad\u30e3\u30d4\u30bf\u30eb 3Q\u5f8c\u53d6\u6750 20251203"},"content":{"rendered":"\n
\n

Disclaimer
\u3053\u306e\u53d6\u6750\u30ce\u30fc\u30c8\u306f\u6295\u8cc7\u306e\u53c2\u8003\u3068\u306a\u308b\u60c5\u5831\u63d0\u4f9b\u3092\u76ee\u7684\u3068\u3057\u305f\u3082\u306e\u3067\u3001\u63b2\u8f09\u4f01\u696d\u306e\u682a\u5f0f (\u6709\u4fa1\u8a3c\u5238) \u306b\u3064\u3044\u3066\u306e\u6295\u8cc7\u5224\u65ad\u3042\u308b\u3044\u306f\u6709\u4fa1\u8a3c\u5238\u306e\u4fa1\u683c\u3084\u30ea\u30bf\u30fc\u30f3\u306b\u5bfe\u3059\u308b\u52d5\u5411\u306b\u95a2\u3059\u308b\u52a9\u8a00\u3092\u884c\u3046\u3082\u306e\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002
\u5f53\u53d6\u6750\u30ce\u30fc\u30c8\u306b\u6295\u8cc7\u52e7\u8a98\u3092\u610f\u56f3\u3059\u308b\u3082\u306e\u306f\u306a\u304f\u3001\u6295\u8cc7\u306e\u6c7a\u5b9a\u306f\u3054\u81ea\u8eab\u306e\u5224\u65ad\u3068\u8cac\u4efb\u3067\u306a\u3055\u308c\u307e\u3059\u3088\u3046\u304a\u9858\u3044\u7533\u3057\u4e0a\u3052\u307e\u3059\u3002
\u53d6\u6750\u30ce\u30fc\u30c8\u306b\u8a18\u8f09\u3055\u308c\u305f\u5185\u5bb9\u306f\u53d6\u6750\u6642\u306e\u5185\u5bb9\u30fb\u53d6\u6750\u30ce\u30fc\u30c8\u539f\u672c\u3092\u4e00\u8a00\u534a\u53e5\u9055\u308f\u305a\u8a18\u8f09\u3057\u3066\u3044\u308b\u3082\u306e\u3067\u306f\u306a\u304f\u3001\u8a71\u306e\u6d41\u308c\u7b49\u304c\u5206\u304b\u308a\u3084\u3059\u3044\u3088\u3046\u5e7e\u3089\u304b\u52a0\u7b46\u3057\u3066\u3044\u308b\u90e8\u5206\u304c\u3054\u3056\u3044\u307e\u3059\u3002\u3054\u4e86\u627f\u304f\u3060\u3055\u3044\u3002
\u307e\u305f\u3001\u53d6\u6750\u30ce\u30fc\u30c8\u306b\u8a18\u8f09\u3055\u308c\u305f\u5185\u5bb9\u7b49\u306f\u53d6\u6750\u30fb\u4f5c\u6210\u6642\u70b9\u306e\u3082\u306e\u3067\u3042\u308a\u3001\u6b63\u78ba\u6027\u30fb\u5b8c\u5168\u6027\u3092\u4fdd\u8a3c\u3059\u308b\u3082\u306e\u3067\u306f\u306a\u304f\u3001\u4eca\u5f8c\u4e88\u544a\u306a\u304f\u4fee\u6b63\u3001\u5909\u66f4\u3055\u308c\u308b\u3053\u3068\u304c\u3042\u308a\u307e\u3059\u3002
\u5927\u304d\u3044\u5909\u66f4\u304c\u3042\u3063\u305f\u5834\u5408\u306f\u518d\u6295\u7a3f\u3068\u3044\u3046\u5f62\u3067\u65b0\u3057\u304f\u4e0a\u3052\u76f4\u3059\u3088\u3046\u52aa\u3081\u307e\u3059<\/em>\u3002<\/p>\n\n\n\n

\u203b\u3053\u3061\u3089\u306e\u53d6\u6750\u30ce\u30fc\u30c8\u306f\u3000\u4f01\u696d\u69d8\u691c\u95b2\u6e08\u307f<\/span><\/strong><\/em>\u3000\u3068\u306a\u3063\u3066\u304a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n

\n

\u682a\u63a2<\/span><\/span><\/a>\u3000\u30d0\u30d5\u30a7\u30c3\u30c8\u30fb\u30b3\u30fc\u30c9<\/span><\/span><\/a><\/p>\n\n\n\n

\u30b9\u30d4\u30fc\u30ab\u30fc: CFO
P\/E 6.4x P\/B 1.67x (\u53d6\u6750\u8a18\u4e8b\u516c\u958b\u65e5\u73fe\u5728)<\/strong><\/p>\n\n\n\n

Q.<\/strong>\u91d1\u5229\u4e0a\u6607\u306e\u30ad\u30e3\u30c3\u30d7\u30ec\u30fc\u30c8\u3078\u306e\u5f71\u97ff\u3092\u8e0f\u307e\u3048\u305f\u3001\u4eca\u5f8c\u306e\u4ed5\u5165\u308c\u53ca\u3073\u8ca9\u58f2\u306e\u898b\u901a\u3057\u306f\u3069\u306e\u3088\u3046\u306b\u306a\u3063\u3066\u3044\u308b\u304b\uff1f<\/strong><\/p>\n\n\n\n

A.\u91d1\u5229\u306e\u4e0a\u6607\u306b\u3088\u308a\u3001PL\u3078\u306e\u30a4\u30f3\u30d1\u30af\u30c8\u306f1\u5104\u5186\u304b\u30892\u5104\u5186\u7a0b\u5ea6\u306e\u5f71\u97ff\u304c\u3042\u308b\u3002\u7269\u4ef6\u4fa1\u683c\u304c\u9ad8\u9a30\u3057\u30ad\u30e3\u30c3\u30d7\u30ec\u30fc\u30c8\u304c\u4f4e\u4e0b\u3057\u3066\u3044\u308b\u4e2d\u3067\u3001\u30a4\u30fc\u30eb\u30c9\u30ae\u30e3\u30c3\u30d7\u306f\u5727\u7e2e\u50be\u5411\u306b\u3042\u308b\u3002
\u7269\u4ef6\u306e\u53d6\u5f97\u7af6\u4e89\u306f\u3001\u4eca\u5f8c\u306e\u30a4\u30f3\u30d5\u30ec\u4e0b\u306b\u304a\u3051\u308b\u8cc3\u6599\u53ca\u3073\u7269\u4ef6\u4fa1\u683c\u306e\u4e0a\u6607\u3092\u7e54\u308a\u8fbc\u3093\u3067\u3044\u308b\u30d7\u30ec\u30a4\u30e4\u30fc\u306b\u3088\u308a\u6fc0\u5316\u3057\u3066\u3044\u308b\u3002\u8ca9\u58f2\u306b\u3064\u3044\u3066\u306f\u3001\u58f2\u5374\u3057\u3084\u3059\u3044\u74b0\u5883\u3067\u306f\u3042\u308b\u3082\u306e\u306e\u3001\u66f4\u306a\u308b\u4fa1\u683c\u4e0a\u6607\u3078\u306e\u671f\u5f85\u611f\u3082\u3042\u308a\u3001\u4fa1\u683c\u8a2d\u5b9a\u304c\u96e3\u3057\u3044\u3002\u73fe\u5728\u306f\u4e0a\u5834\u4f01\u696d\u3068\u3057\u3066\u5e74\u9593\u306e\u5229\u76ca\u76ee\u6a19\u3092\u9054\u6210\u3059\u308b\u3053\u3068\u3092\u91cd\u8996\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n

Q.<\/strong>\u73fe\u5728\u306e\u5e74\u5ea6\u3054\u3068\u306b\u3057\u3063\u304b\u308a\u3068\u6210\u9577\u3057\u305f\u696d\u7e3e\u3092\u51fa\u3057\u7d9a\u3051\u308b\u3053\u3068\u306e\u512a\u5148\u5ea6\u304c\u9ad8\u3044\u3068\u3044\u3046\u8a8d\u8b58\u3067\u826f\u3044\u304b\uff1f<\/strong><\/p>\n\n\n\n

A.\u305d\u306e\u8a8d\u8b58\u3067\u554f\u984c\u306a\u3044\u3002\u57fa\u672c\u65b9\u91dd\u3068\u3057\u3066\u5897\u53ce\u5897\u76ca\u3092\u7d9a\u3051\u3066\u3044\u304f\u3053\u3068\u3092\u91cd\u8996\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n

Q.<\/strong>\u76f4\u8fd1\u306e\u4ed5\u5165\u7269\u4ef6\u306e\u69cb\u6210\u3084\u4fa1\u683c\u5e2f\u306b\u3064\u3044\u3066\u3001\u904e\u53bb\u3068\u6bd4\u8f03\u3057\u3066\u5909\u5316\u306f\u3042\u308b\u304b\uff1f<\/strong><\/p>\n\n\n\n

A.\u3053\u30531\u5e74\u306f\u30aa\u30d5\u30a3\u30b9\u306b\u6ce8\u529b\u3057\u3066\u304a\u308a\u3001\u7279\u306b2025\u5e74\u4e0a\u671f\u306e\u4ed5\u5165\u308c\u306f\u307b\u3068\u3093\u3069\u30aa\u30d5\u30a3\u30b9\u3092\u8cfc\u5165\u3057\u305f\u3002\u30aa\u30d5\u30a3\u30b9\u56de\u5e30\u306f\u4e88\u60f3\u901a\u308a\u3067\u3042\u308a\u3001\u90fd\u5fc3\u306e\u4e2d\u898f\u6a21\u4e0d\u52d5\u7523\u306f\u65b0\u7bc9\u4f9b\u7d66\u304c\u306a\u304f\u9700\u7d66\u304c\u30bf\u30a4\u30c8\u3067\u8cc3\u6599\u3082\u4e0a\u6607\u3057\u3066\u3044\u308b\u3002\u306a\u304a\u3001\u30db\u30c6\u30eb\u3084\u4f4f\u5b85\u7b49\u3082\u3044\u3044\u7269\u4ef6\u304c\u3042\u308c\u3070\u3001\u4ed5\u5165\u308c\u306e\u691c\u8a0e\u5bfe\u8c61\u3068\u3057\u3066\u3044\u308b\u3002
\u306a\u304a\u3001\u6628\u4eca\u306e\u50be\u5411\u3068\u3057\u3066\u6700\u3082\u5909\u5316\u3057\u305f\u306e\u306f\u3001\u518d\u958b\u767a\u7d20\u5730\u306e\u53d6\u6271\u3044\u3067\u3042\u308b\u3002\u5efa\u7bc9\u8cbb\u9ad8\u9a30\u306b\u3088\u308a\u30c7\u30d9\u30ed\u30c3\u30d1\u30fc\u304c\u3059\u3050\u306b\u7740\u5de5\u3067\u304d\u306a\u3044\u4e2d\u3001\u30c7\u30d9\u30ed\u30c3\u30d1\u30fc\u304c\u6570\u5e74\u5f8c\u306b\u53d6\u308a\u58ca\u3059\u524d\u63d0\u3067\u306e\u4ed5\u5165\u308c\u3092\u884c\u3063\u3066\u3044\u308b\u306e\u3067\u3001\u5f53\u793e\u3082\u5148\u56de\u308a\u3057\u3066\u4ed5\u5165\u308c\u308b\u3053\u3068\u304c\u3042\u308b\u3002<\/p>\n\n\n\n

Q.<\/strong>\u518d\u958b\u767a\u7d20\u5730\u306e\u3088\u3046\u306a\u7bc9\u53e4\u7269\u4ef6\u306e\u5834\u5408\u3001\u518d\u958b\u767a\u304c\u884c\u308f\u308c\u308b\u307e\u3067\u306f\u3069\u306e\u3088\u3046\u306b\u7269\u4ef6\u3092\u7ba1\u7406\u3059\u308b\u306e\u304b\u304b\uff1f<\/strong><\/p>\n\n\n\n

A.\u518d\u958b\u767a\u7d20\u5730\u306e\u5834\u5408\u3001\u5f93\u6765\u306e\u3088\u3046\u306b\u30a8\u30ec\u30d9\u30fc\u30bf\u30fc\u30db\u30fc\u30eb\u3084\u5916\u58c1\u3092\u6539\u4fee\u3059\u308b\u3068\u3044\u3063\u305f\u672c\u683c\u7684\u306a\u30d0\u30ea\u30e5\u30fc\u30a2\u30c3\u30d7\u306f\u884c\u308f\u306a\u3044\u3053\u3068\u304c\u591a\u3044\u3002\u666e\u901a\u501f\u5bb6\u5951\u7d04\u3067\u306f\u306a\u304f\u5b9a\u671f\u501f\u5bb6\u5951\u7d04\u3067\u5dfb\u304d\u76f4\u3059\u306a\u3069\u3057\u3066\u7269\u4ef6\u3092\u7ba1\u7406\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n

Q.<\/strong>\u6c7a\u7b97\u8aac\u660e\u8cc7\u6599P.18\u306b\u8a18\u8f09\u306e3Q\u672b\u6642\u70b9\u306e\u7269\u4ef6\u6570\u3068\u30012Q\u306eFACTBOOK\u7269\u4ef6\u4e00\u89a7\u3092\u6570\u3048\u4e0a\u3052\u305f\u5834\u5408\u306b1\u4ef6\u5dee\u7570\u304c\u3042\u308b\u304c\u3001\u305d\u306e\u7406\u7531\u306f\u4f55\u304b\uff1f<\/strong><\/p>\n\n\n\n

A.\u5275\u696d\u5f53\u521d\u306b\u8cfc\u5165\u3057\u305f\u30de\u30f3\u30b7\u30e7\u30f3\u306e1\u5ba4\u304c\u7269\u4ef6\u3068\u3057\u3066\u542b\u307e\u308c\u3066\u304a\u308a\u3001\u500b\u4eba\u60c5\u5831\u7b49\u306e\u89b3\u70b9\u304b\u3089FACTBOOK\u306eSegment\u306e\u7269\u4ef6\u4e00\u89a7\u306b\u306f\u63b2\u8f09\u3057\u3066\u3044\u306a\u3044\u304c\u3001\u5408\u8a08\u6570\u306b\u306f\u542b\u307e\u308c\u3066\u304a\u308a\u3001\u5408\u8a08\u306f28\u4ef6\u3067\u4e00\u81f4\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n

Q.2Q<\/strong>\u30013Q\u306e\u5229\u76ca\u7387\u304c\u6bd4\u8f03\u7684\u4f4e\u3044\u7406\u7531\u306f\u30011Q\u306b\u5229\u76ca\u7387\u306e\u9ad8\u3044\u7269\u4ef6\u3092\u58f2\u5374\u3057\u305f\u305f\u3081\u3001\u8cc7\u7523\u69cb\u6210\u3092\u8abf\u6574\u3057\u305f\u3068\u3044\u3046\u8a8d\u8b58\u3067\u826f\u3044\u304b\uff1f<\/strong><\/p>\n\n\n\n

A.\u305d\u306e\u8a8d\u8b58\u3067\u554f\u984c\u306a\u3044\u30022025\u5e7412\u6708\u671f\u306f1Q\u306b\u5229\u76ca\u738760%\u8d85\u306e\u7269\u4ef6\u3092\u58f2\u5374\u3067\u304d\u305f\u305f\u3081\u30012Q\u30013Q\u306f\u3042\u308b\u7a0b\u5ea6\u5229\u76ca\u7387\u306e\u4f4e\u3044\u7269\u4ef6\u3092\u58f2\u5374\u3057\u3066\u3082\u554f\u984c\u306a\u3044\u3068\u3044\u3046\u5224\u65ad\u304c\u3042\u3063\u305f\u3002<\/p>\n\n\n\n

Q.10<\/strong>\u6708\u672b\u306b\u5b9f\u65bd\u3057\u305f\u30a8\u30af\u30a4\u30c6\u30a3\u578b\u30af\u30e9\u30a6\u30c9\u30d5\u30a1\u30f3\u30c7\u30a3\u30f3\u30b0\u306e\u52df\u96c6\u3068\u4eca\u5f8c\u306e\u52df\u96c6\u306e\u898b\u901a\u3057\u306f\u3069\u306e\u3088\u3046\u306b\u306a\u3063\u3066\u3044\u308b\u304b\uff1f<\/strong><\/p>\n\n\n\n

A.2024\u5e74\u306f5\u30016\u4ef6\u306e\u6848\u4ef6\u3092\u691c\u8a0e\u3057\u305f\u304c\u6c7a\u6e08\u306b\u81f3\u3089\u306a\u304b\u3063\u305f\u3053\u3068\u3082\u3042\u308a\u30012025\u5e74\u306f\u5fc5\u305a1\u4ef6\u5b9f\u65bd\u3059\u308b\u3068\u3044\u3046\u76ee\u6a19\u306e\u3082\u3068\u5b9f\u884c\u3057\u305f\u3002
\u52df\u96c6\u80cc\u666f\u3068\u3057\u3066\u3001\u4e0d\u52d5\u7523\u6295\u8cc7\u306e\u88fe\u91ce\u3092\u5e83\u3052\u308b\u3068\u3044\u3046\u30af\u30e9\u30a6\u30c9\u30d5\u30a1\u30f3\u30c7\u30a3\u30f3\u30b0\u4e8b\u696d\u306e\u5f53\u521d\u306e\u76ee\u7684\u304c\u3042\u308a\u3001\u4e0d\u52d5\u7523\u306e\u9b45\u529b\u306f\u30a8\u30af\u30a4\u30c6\u30a3\u578b\u306b\u3042\u308b\u3068\u8003\u3048\u3066\u3044\u308b\u305f\u3081\u3067\u3042\u308b\u3002\u307e\u305f\u3001STO(=Security Token Offering)\u6848\u4ef6\u304c\u7d44\u6210\u3067\u304d\u3066\u3044\u306a\u3044\u4e2d\u3067\u3001STO\u3068\u8fd1\u3044\u30b9\u30ad\u30fc\u30e0\u3067\u3042\u308b\u30a8\u30af\u30a4\u30c6\u30a3\u578b\u306e\u30b9\u30ad\u30fc\u30e0\u306b\u3064\u3044\u3066\u77e5\u898b\u3092\u84c4\u7a4d\u3059\u308b\u3068\u3044\u3046\u610f\u56f3\u3082\u3042\u308a\u3001\u4eca\u5f8c\u3082STO\u6848\u4ef6\u306e\u7d44\u6210\u306b\u5411\u3051\u305f\u8db3\u639b\u304b\u308a\u3068\u3057\u3066\u9032\u3081\u3066\u3044\u304f\u65b9\u91dd\u3067\u3042\u308b\u3002<\/p>\n\n\n\n

Q.AUM<\/strong>\u304c\u4f38\u3073\u60a9\u3093\u3067\u3044\u308b\u3088\u3046\u306b\u898b\u3048\u308b\u304c\u3001\u30a2\u30bb\u30c3\u30c8\u30de\u30cd\u30b8\u30e1\u30f3\u30c8\u4e8b\u696d\u306e\u73fe\u72b6\u3068AUM\u5897\u52a0\u306b\u5411\u3051\u305f\u30a2\u30af\u30b7\u30e7\u30f3\u306f\u3069\u306e\u3088\u3046\u306b\u306a\u3063\u3066\u3044\u308b\u304b\uff1f<\/strong><\/p>\n\n\n\n

A.AUM\u304c\u6e1b\u5c11\u3057\u305f\u7406\u7531\u306f2\u70b9\u3042\u308a\u30011\u70b9\u76ee\u306f\u904e\u53bb\u306b\u53d7\u8a17\u3057\u305f\u6848\u4ef6\u306b\u3064\u3044\u3066\u3001\u5f53\u793e\u306e\u512a\u79c0\u306a\u30a2\u30bb\u30c3\u30c8\u30de\u30cd\u30b8\u30e1\u30f3\u30c8\u90e8\u9580\u304c\u30d0\u30ea\u30e5\u30fc\u30a2\u30c3\u30d7\u3092\u5b8c\u4e86\u3057\u305f\u7d50\u679c\u3001\u610f\u56f3\u305b\u305a\u65e9\u671f\u306b\u58f2\u5374\u3067\u304d\u3066\u3057\u307e\u3063\u305f\u3053\u3068\u304c\u8981\u56e0\u3067\u3042\u308b\u3002
2\u70b9\u76ee\u306f\u3001\u30a2\u30bb\u30c3\u30c8\u30de\u30cd\u30b8\u30e1\u30f3\u30c8\u3067\u6271\u3046\u6570\u767e\u5104\u5186\u898f\u6a21\u306e\u7269\u4ef6\u306b\u304a\u3044\u3066\u3001\u30d5\u30a1\u30f3\u30c9\u7b49\u3068\u306e\u53d6\u5f97\u7af6\u4e89\u304c\u6fc0\u5316\u3057\u3066\u304a\u308a\u3001\u5165\u672d\u3067\u7af6\u308a\u8ca0\u3051\u305f\u3053\u3068\u304c\u6319\u3052\u3089\u308c\u308b\u3002
\u306a\u304a\u3001\u8db3\u5143\u3067\u306f\u6295\u8cc7\u5bb6\u3068\u306e\u76ee\u7dda\u306e\u64e6\u308a\u5408\u308f\u305b\u3082\u9032\u307f\u3001\u30d1\u30a4\u30d7\u30e9\u30a4\u30f3\u306f\u5897\u3048\u3066\u304d\u3066\u3044\u308b\u3002AUM\u3068\u30d5\u30a3\u30fc\u30d3\u30b8\u30cd\u30b9\u3092\u5897\u3084\u3059\u3068\u3044\u3046\u65b9\u91dd\u306b\u5909\u308f\u308a\u306f\u306a\u3044\u305f\u3081\u3001\u7d4c\u9a13\u306e\u84c4\u7a4d\u306b\u52a0\u3048\u5e02\u5834\u3067\u306e\u8a8d\u77e5\u62e1\u5927\u3092\u56f3\u308b\u3053\u3068\u304c\u809d\u8981\u3068\u8003\u3048\u3066\u3044\u308b\u3002<\/p>\n\n\n\n

Q.<\/strong>\u6a5f\u95a2\u6295\u8cc7\u5bb6\u3068\u306e1on1\u30df\u30fc\u30c6\u30a3\u30f3\u30b0\u306e\u4ef6\u6570\u3084\u3001\u30b9\u30dd\u30f3\u30b5\u30fc\u30c9\u30ec\u30dd\u30fc\u30c8\u306e\u52b9\u679c\u306f\u3069\u306e\u3088\u3046\u306b\u306a\u3063\u3066\u3044\u308b\u304b\uff1f<\/strong><\/p>\n\n\n\n

A.10\u6708\u306b\u30a2\u30b9\u30c8\u30ea\u30b9\u30fb\u30a2\u30c9\u30d0\u30a4\u30b6\u30ea\u30fc\u30fb\u30b8\u30e3\u30d1\u30f3\u306b\u3088\u308b\u30b9\u30dd\u30f3\u30b5\u30fc\u30c9\u30ec\u30dd\u30fc\u30c8\u3092\u767a\u884c\u3057\u3066\u304b\u3089\u306f\u65b0\u898f\u306e\u9762\u8ac7\u3082\u5165\u308b\u3088\u3046\u306b\u306a\u3063\u305f\u304c\u3001\u6570\u4ef6\u7a0b\u5ea6\u3067\u3042\u308b\u3002\u30a2\u30b9\u30c8\u30ea\u30b9\u30fb\u30a2\u30c9\u30d0\u30a4\u30b6\u30ea\u30fc\u30fb\u30b8\u30e3\u30d1\u30f3\u306f\u6d77\u5916\u306b\u5f37\u3044\u3068\u8a55\u5224\u3067\u3042\u308a\u3001\u30cd\u30a4\u30c6\u30a3\u30d6\u304c\u57f7\u7b46\u3057\u305f\u30ec\u30dd\u30fc\u30c8\u3092\u548c\u8a33\u3057\u305f\u3082\u306e\u3067\u3042\u308b\u305f\u3081\u3001\u65e5\u672c\u306e\u30b9\u30dd\u30f3\u30b5\u30fc\u30c9\u30ec\u30dd\u30fc\u30c8\u306b\u5bfe\u3057\u3066\u306e\u611f\u899a\u3068\u306f\u5c11\u3057\u7570\u306a\u308b\u3068\u611f\u3058\u3064\u3064\u3082\u3001\u73fe\u5728\u306f\u305d\u306e\u52b9\u679c\u306b\u671f\u5f85\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n

Q.<\/strong>\u76f4\u8fd1\u306e\u6295\u8cc7\u5bb6\u3068\u306e\u30b3\u30df\u30e5\u30cb\u30b1\u30fc\u30b7\u30e7\u30f3\u306e\u4e2d\u3067\u8a71\u984c\u306b\u306a\u308b\u30c6\u30fc\u30de\u306b\u306f\u3069\u306e\u3088\u3046\u306a\u3082\u306e\u304c\u3042\u308b\u304b\uff1f<\/strong><\/p>\n\n\n\n

A.\u4e3b\u306b3\u70b9\u3042\u308b\u30021\u70b9\u76ee\u306f\u4ed5\u5165\u74b0\u5883\u306b\u3064\u3044\u3066\u3067\u3042\u308a\u3001\u4ed5\u5165\u74b0\u5883\u306f\u3072\u3063\u8feb\u3057\u3066\u3044\u308b\u304c\u3001\u53d6\u5f97\u3059\u3079\u304d\u7269\u4ef6\u306f\u53d6\u5f97\u3067\u304d\u3066\u3044\u308b\u3002
2\u70b9\u76ee\u306f\u5b50\u4f1a\u793e\u306e\u3072\u3089\u307e\u3064\u306b\u3064\u3044\u3066\u3067\u3042\u308a\u30012Q\u306b\u5f15\u304d\u7d9a\u304d3Q\u3082\u8d64\u5b57\u3067\u3042\u3063\u305f\u3002\u53bb\u5e74\u306e7\u6708\u306e\u53d6\u5f97\u304b\u30891\u5e74\u304c\u7d4c\u904e\u3057\u30011\u5e74\u76ee\u306f\u9759\u89b3\u3057\u3066\u3044\u305f\u304c\u30012\u5e74\u76ee\u304b\u3089\u5f53\u793e\u306e\u8981\u671b\u3092\u4f1d\u3048\u305f\u4e0a\u3067\u3001\u6539\u5584\u3092\u4fc3\u3057\u3066\u3044\u308b\u3002
\u305f\u3060\u3057\u3001\u30db\u30c6\u30eb\u306e\u5efa\u8a2d\u30e9\u30c3\u30b7\u30e5\u3084\u4eba\u4ef6\u8cbb\u306e\u9ad8\u9a30\u7b49\u3001\u7af6\u4e89\u74b0\u5883\u304c\u53b3\u3057\u304f\u30012026\u5e7412\u6708\u671f\u3082\u640d\u76ca\u306f\u5747\u8861\u3059\u308b\u3068\u898b\u3066\u3044\u308b\u3002
3\u70b9\u76ee\u306f4Q\u306e\u696d\u7e3e\u898b\u901a\u3057\u306b\u95a2\u3059\u308b\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\u306e\u9ad8\u3055\u306b\u3064\u3044\u3066\u3067\u3042\u308a\u30012025\u5e7412\u6708\u671f\u306e3Q\u306b\u5951\u7d04\u3057\u30664Q\u306b\u58f2\u5374\u4e88\u5b9a\u3067\u3042\u3063\u305f\u7269\u4ef6\u304c\u6d41\u308c\u305f\u5f71\u97ff\u3067\u3001\u4f8b\u5e74\u3088\u308a\u3082\u6c7a\u7b97\u6570\u5024\u306e\u5909\u52d5\u5e45\u304c\u5927\u304d\u304f\u306a\u3063\u305f\u3002<\/p>\n\n\n\n

Q.2026<\/strong>\u5e7412\u6708\u671f\u306e\u7d4c\u55b6\u30c6\u30fc\u30de\u3084\u6ce8\u529b\u3057\u305f\u3044\u30dd\u30a4\u30f3\u30c8\u306f\u3069\u306e\u3088\u3046\u306b\u306a\u3063\u3066\u3044\u308b\u304b\uff1f<\/strong><\/p>\n\n\n\n

A.2025\u5e7412\u6708\u671f4Q\u306f\u8a08\u753b\u306e\u9054\u6210\u306b\u5411\u3051\u3066\u30d0\u30bf\u30d0\u30bf\u3057\u3066\u3044\u308b\u305f\u3081\u3001\u6765\u671f\u306f1Q\u30012Q\u306b\u5927\u578b\u6848\u4ef6\u3092\u78ba\u5b9f\u306b\u8a08\u4e0a\u3057\u3001\u696d\u7e3e\u3092\u9054\u6210\u3057\u305f\u3044\u3068\u8003\u3048\u3066\u3044\u308b\u3002
\u30a8\u30af\u30a4\u30c6\u30a3\u578b\u30af\u30e9\u30a6\u30c9\u30d5\u30a1\u30f3\u30c7\u30a3\u30f3\u30b0\u30921\u30012\u4ef6\u5b9f\u65bd\u3057\u305f\u3044\u3068\u8003\u3048\u3066\u3044\u308b\u3002
\u30a2\u30bb\u30c3\u30c8\u30de\u30cd\u30b8\u30e1\u30f3\u30c8\u4e8b\u696d\u306b\u3064\u3044\u3066\u3082\u5951\u7d04\u306e\u898b\u901a\u3057\u304c\u7acb\u3063\u3066\u3044\u308b\u6848\u4ef6\u304c\u3044\u304f\u3064\u304b\u3042\u308b\u305f\u3081\u3001\u9806\u8abf\u306b\u7a4d\u307f\u4e0a\u3052\u3066\u3044\u304d\u305f\u3044\u3068\u8003\u3048\u3066\u3044\u308b\u3002<\/p>\n\n\n\n

Q.<\/strong>\u682a\u4fa1\u304c\u6025\u6fc0\u306b\u4e0a\u6607\u3059\u308b\u3088\u3046\u306a\u30a4\u30f3\u30d1\u30af\u30c8\u306e\u3042\u308b\u901a\u671f\u8a08\u753b\u306e\u4f5c\u6210\u3068\u305d\u306e\u9054\u6210\u306f\u96e3\u3057\u3044\u72b6\u6cc1\u304b\uff1f<\/strong><\/p>\n\n\n\n

A.\u6765\u671f\u306f\u4e2d\u671f\u7d4c\u55b6\u8a08\u753b\u306e2\u5e74\u76ee\u3067\u3042\u308a\u30012025\u5e7412\u6708\u671f\u306e\u7740\u5730\u30682027\u5e74\u306e\u76ee\u6a19\u5024\u306e\u9593\u3067\u5b9f\u7e3e\u3092\u7a4d\u307f\u4e0a\u3052\u3066\u3044\u304f\u671f\u9593\u3067\u3042\u308b\u305f\u3081\u3001\u4f8b\u5e74\u901a\u308a\u306e\u8a08\u753b\u3092\u73fe\u6642\u70b9\u3067\u306f\u4e88\u5b9a\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n

Q.<\/strong>\u682a\u4fa1\u306e\u30d0\u30ea\u30e5\u30a8\u30fc\u30b7\u30e7\u30f3\u304c\u4f4e\u3044\u70b9\u306b\u3064\u3044\u3066\u3069\u306e\u3088\u3046\u306b\u8003\u3048\u3066\u3044\u308b\u304b\uff1f<\/strong><\/p>\n\n\n\n

A.\u5f53\u793e\u306f\u3001\u904e\u53bb\u306e\u30c8\u30e9\u30c3\u30af\u30ec\u30b3\u30fc\u30c9\u304b\u3089\u898b\u3066\u53d6\u308c\u308b\u3088\u3046\u306b\u30b3\u30f3\u30b9\u30bf\u30f3\u30c8\u306a\u6210\u9577\u3092\u5fd7\u5411\u3057\u3066\u3044\u308b\u305f\u3081\u3001\u6210\u9577\u6027\u3092\u3082\u3063\u3068\u8a55\u4fa1\u3057\u3066\u3082\u3089\u3044\u305f\u3044\u3068\u8003\u3048\u3066\u3044\u308b\u3002\u53ce\u76ca\u6027\u306e\u9ad8\u3055\u306f\u6295\u8cc7\u5bb6\u304b\u3089\u4e00\u5b9a\u8a55\u4fa1\u3092\u3082\u3089\u3063\u3066\u3044\u308b\u3082\u306e\u306e\u3001\u5e02\u5834\u304b\u3089\u306f\u4e0d\u52d5\u7523\u30bb\u30af\u30bf\u30fc\u5168\u4f53\u306e\u30ea\u30b9\u30af\u8996\u70b9\u3067\u898b\u3089\u308c\u3066\u304a\u308a\u3001\u4f4e\u3044\u8a55\u4fa1\u306b\u7559\u307e\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n

Q.<\/strong>\u30a2\u30ca\u30ea\u30b9\u30c8\u306e\u30ab\u30d0\u30ec\u30c3\u30b8\u72b6\u6cc1\u306b\u5909\u5316\u306f\u3042\u308b\u304b\uff1f<\/strong><\/p>\n\n\n\n

A.\u5927\u304d\u306a\u5909\u5316\u306f\u306a\u3044\u304c\u3001\u65b0\u898f\u306e\u6295\u8cc7\u5bb6\u304b\u3089\u306e\u9762\u8ac7\u4f9d\u983c\u304c\u5165\u3063\u3066\u304d\u3066\u3044\u308b\u3002\u5927\u624b\u8a3c\u5238\u306e\u30a2\u30ca\u30ea\u30b9\u30c8\u3082\u3001\u30b8\u30e5\u30cb\u30a2\u30af\u30e9\u30b9\u306e\u30a2\u30ca\u30ea\u30b9\u30c8\u304c\u62c5\u5f53\u3059\u308b\u3053\u3068\u304c\u591a\u3044\u3002\u6d77\u5916\u6295\u8cc7\u5bb6\u306b\u3064\u3044\u3066\u306f\u3001\u30b7\u30f3\u30ac\u30dd\u30fc\u30eb\u3084\u9999\u6e2f\u7cfb\u306e\u30d5\u30a1\u30f3\u30c9\u304b\u3089\u306f\u95a2\u5fc3\u3092\u6301\u305f\u308c\u3066\u3044\u308b\u304c\u3001\u6b27\u7c73\u7cfb\u304b\u3089\u306f\u63a5\u89e6\u304c\u5c11\u306a\u3044\u305f\u3081\u3001\u30a2\u30b9\u30c8\u30ea\u30b9\u30fb\u30a2\u30c9\u30d0\u30a4\u30b6\u30ea\u30fc\u30fb\u30b8\u30e3\u30d1\u30f3\u306e\u30ec\u30dd\u30fc\u30c8\u3092\u304d\u3063\u304b\u3051\u306b\u9762\u8ac7\u304c\u5897\u3048\u308b\u3053\u3068\u3092\u671f\u5f85\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n

\n

\u4e0b\u306e\u6295\u7a3f\u30bf\u30b0\u304b\u3089\u904e\u53bb\u306e\u30ce\u30fc\u30c8\u304c\u53c2\u7167\u3067\u304d\u307e\u3059\u3002<\/strong><\/p>\n\n\n

3482<\/a>, <\/span>\u4e0d\u52d5\u7523\u30af\u30e9\u30a6\u30c9\u30d5\u30a1\u30f3\u30c7\u30a3\u30f3\u30b0<\/a>, <\/span>\u4e0d\u52d5\u7523\u6295\u8cc7<\/a>, <\/span>\u4e0d\u52d5\u7523\u696d<\/a>, <\/span>\u5b8c\u5168\u516c\u958b\u8a18\u4e8b<\/a><\/div>\n\n\n

\u3000<\/p>\n\n\n\n

\u8ffd\u52a0\u306e\u8cea\u554f\u3084\u3001\u300c\u3053\u308c\u9055\u308f\u306a\u3044\uff1f\u300d\u3068\u3044\u3046\u6307\u6458\u306a\u3069\u3042\u308c\u3070\u30b3\u30e1\u30f3\u30c8\u6b04\u3088\u308a\u304a\u9858\u3044\u3057\u307e\u3059\u3002
\u4f01\u696d\u69d8\u5b9b\u306e\u30b3\u30e1\u30f3\u30c8\u3084\u8cea\u554f\u3001\u8981\u671b\u306a\u3069\u3082\u53d7\u3051\u4ed8\u3051\u3066\u304a\u308a\u307e\u3059\u3002
\u3053\u306e\u8fba\u308a\u306f\u516c\u958b\u3055\u308c\u307e\u305b\u3093\u306e\u3067\u3054\u5b89\u5fc3\u304f\u3060\u3055\u3044\u3002<\/span><\/span><\/strong><\/p>\n<\/div><\/div>\n<\/div><\/div>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"

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