{"id":10215,"date":"2026-05-18T21:41:58","date_gmt":"2026-05-18T12:41:58","guid":{"rendered":"https:\/\/jioinc.jp\/investleaders\/?p=10215"},"modified":"2026-05-18T21:41:58","modified_gmt":"2026-05-18T12:41:58","slug":"analysis_005930","status":"publish","type":"post","link":"https:\/\/jioinc.jp\/investleaders\/analysis_005930\/","title":{"rendered":"\u30b5\u30e0\u30b9\u30f3\u96fb\u5b50\u306e\u682a\u306f\u3069\u3053\u3067\u8cb7\u3048\u308b\uff1f\u8cb7\u3044\u65b9\u30682026\u5e74\u6700\u65b0\u306e\u682a\u4fa1\u898b\u901a\u3057"},"content":{"rendered":"\n

\u97d3\u56fd\u8a3c\u5238\u53d6\u5f15\u6240(KRX)\u306b\u4e0a\u5834\u3059\u308b\u4e16\u754c\u6700\u5927\u7d1a\u306e\u534a\u5c0e\u4f53\u30fb\u96fb\u5b50\u6a5f\u5668\u30e1\u30fc\u30ab\u30fc\u3067\u3042\u308b\u30b5\u30e0\u30b9\u30f3\u96fb\u5b50(Samsung Electronics)\u306e\u6642\u4fa1\u7dcf\u984d\u304c\u30012026\u5e745\u6708\u306b1\u5146\u30c9\u30eb(\u7d04154\u5146\u5186)\u3092\u7a81\u7834<\/span><\/strong>\u3057\u307e\u3057\u305f\u3002

\u3057\u304b\u3057\u3001\u30b5\u30e0\u30b9\u30f3\u96fb\u5b50\u306e\u682a\u3092\u65e5\u672c\u306e\u500b\u4eba\u6295\u8cc7\u5bb6\u304c\u8cb7\u3044\u305f\u3044\u3068\u601d\u3063\u3066\u3082\u3001\u300c\u97d3\u56fd\u682a\u3063\u3066\u3069\u3046\u3084\u3063\u3066\u8cb7\u3046\u306e?\u300d\u300c\u3069\u306e\u8a3c\u5238\u4f1a\u793e\u3092\u4f7f\u3048\u3070\u3044\u3044\u306e?\u300d\u3068\u6238\u60d1\u3044\u304c\u3061\u3067\u3059\u3002
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\n
<\/path><\/path><\/svg>\u6025\u9a30\u671f\u5f85\uff13\u9298\u67c4\u3092\u7121\u6599\u3067\u53d7\u3051\u53d6\u308b<\/span><\/a><\/div>\n<\/div>\n\n\n\n

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\"\"<\/figure>\n\n\n\n

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\u5916\u56fd\u682a\u306e\u53e3\u5ea7\u304c\u306a\u3044\u5834\u5408\u3001NEXT \u97d3\u56fdKOSPI\u30c0\u30d6\u30eb\u30fb\u30d6\u30eb(2033)\u3068\u3044\u3063\u305fETN(Exchange Traded Note\uff1a\u4e0a\u5834\u6295\u8cc7\u8a3c\u5238)\u3078\u306e\u6295\u8cc7\u3092\u884c\u3046\u306e\u3082\u624b\u3067\u3059\u3002
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ADR(\u7c73\u56fd\u9810\u8a17\u8a3c\u5238)\u4e0a\u5834\u306e\u53ef\u80fd\u6027\u3082<\/h3>\n\n\n\n

ADR(\u7c73\u56fd\u9810\u8a17\u8a3c\u5238)\u3068\u306f\u3001\u5916\u56fd\u4f01\u696d\u306e\u682a\u5f0f\u3092\u7c73\u56fd\u5e02\u5834\u3067\u53d6\u5f15\u3067\u304d\u308b\u3088\u3046\u306b\u8a2d\u8a08\u3057\u305f\u91d1\u878d\u5546\u54c1\u3067\u3059\u3002

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ADR\u4e0a\u5834\u306b\u3088\u3063\u3066\u7c73\u56fd\u306e\u6295\u8cc7\u5bb6\u304c\u7c21\u5358\u306b\u6295\u8cc7\u3067\u304d\u308b\u3088\u3046\u306b\u306a\u308c\u3070\u3001\u682a\u4fa1\u306b\u3082\u30dd\u30b8\u30c6\u30a3\u30d6\u306a\u30a4\u30f3\u30d1\u30af\u30c8\u304c\u671f\u5f85\u3055\u308c\u3066\u3044\u307e\u3059\u3002

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\"\"<\/figure>\n\n\n\n

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\u9805\u76ee<\/th>\u5185\u5bb9<\/th><\/tr>
\u9298\u67c4\u30b3\u30fc\u30c9(\u666e\u901a\u682a)<\/td>005930<\/td><\/tr>
\u9298\u67c4\u30b3\u30fc\u30c9(\u512a\u5148\u682a)<\/td>005935<\/td><\/tr>
\u4e0a\u5834\u53d6\u5f15\u6240<\/td>\u97d3\u56fd\u8a3c\u5238\u53d6\u5f15\u6240(KRX)<\/td><\/tr>
\u682a\u4fa1(2026\u5e745\u670818\u65e5)<\/td>28\u4e071,000\u30a6\u30a9\u30f3<\/td><\/tr>
52\u9031\u5024\u5e45<\/td>5\u4e073,700\u301c29\u4e079,500\u30a6\u30a9\u30f3<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

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\u97d3\u56fd\u30a6\u30a9\u30f3\u306f\u65e5\u672c\u5186\u306b\u6bd4\u3079\u3066\u5909\u52d5\u5e45\u304c\u5927\u304d\u304f\u3001\u7279\u306b\u7c73\u97d3\u91d1\u5229\u5dee\u3084\u5730\u653f\u5b66\u30ea\u30b9\u30af\u306b\u654f\u611f\u306b\u53cd\u5fdc\u3059\u308b\u305f\u3081\u3001\u6ce8\u610f\u304c\u5fc5\u8981\u3067\u3059\u3002<\/p>\n\n\n\n

\u97d3\u56fd\u682a\u306e\u914d\u5f53\u306e\u843d\u3068\u3057\u7a74<\/h3>\n\n\n\n

\u97d3\u56fd\u682a\u306e\u914d\u5f53\u306f\u5e742\u56de(\u4e2d\u9593\u30fb\u671f\u672b)\u304c\u57fa\u672c\u3067\u3059\u304c\u3001\u914d\u5f53\u91d1\u306f\u97d3\u56fd\u306715.4%\u306e\u6e90\u6cc9\u5fb4\u53ce\u7a0e\u304c\u5f15\u304b\u308c\u3001\u3055\u3089\u306b\u65e5\u672c\u5074\u3067\u3082\u8ab2\u7a0e\u3055\u308c\u308b\u300c\u4e8c\u91cd\u8ab2\u7a0e\u300d\u306e\u4ed5\u7d44\u307f<\/span><\/strong>\u306b\u306a\u3063\u3066\u3044\u307e\u3059\u3002
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\u60c5\u5831\u306e\u58c1(\u97d3\u56fd\u8a9e\u30fb\u30cf\u30f3\u30b0\u30eb\u4e2d\u5fc3)<\/h3>\n\n\n\n

\u97d3\u56fd\u682a\u6295\u8cc7\u3067\u6700\u521d\u306b\u3076\u3064\u304b\u308b\u58c1\u304c\u60c5\u5831\u306e\u8a00\u8a9e\u30d0\u30ea\u30a2\u3067\u3059\u3002
\u30b5\u30e0\u30b9\u30f3\u96fb\u5b50\u306e\u516c\u5f0fIR\u8cc7\u6599\u3084\u6c7a\u7b97\u8aac\u660e\u8cc7\u6599\u306e\u591a\u304f\u306f\u97d3\u56fd\u8a9e\u3067\u4f5c\u6210\u3055\u308c\u3066\u304a\u308a\u3001\u82f1\u8a9e\u7248\u3084\u65e5\u672c\u8a9e\u7248\u306e\u63d0\u4f9b\u306f\u9650\u5b9a\u7684<\/span><\/strong>\u3067\u3059\u3002<\/p>\n\n\n\n

\u65e5\u672c\u8a9e\u306e\u500b\u4eba\u6295\u8cc7\u5bb6\u5411\u3051\u30c4\u30fc\u30eb\u3067\u306f\u97d3\u56fd\u682a\u306e\u60c5\u5831\u53d6\u5f97\u306b\u5236\u9650\u304c\u3042\u308a\u3001\u30cb\u30e5\u30fc\u30b9\u3082\u30ea\u30a2\u30eb\u30bf\u30a4\u30e0\u3067\u8ffd\u3044\u304b\u3051\u306b\u304f\u3044\u5074\u9762\u304c\u3042\u308a\u307e\u3059\u3002
Google\u7ffb\u8a33\u306a\u3069\u3092\u6d3b\u7528\u3057\u306a\u304c\u3089\u539f\u6587\u306b\u5f53\u305f\u308b\u7fd2\u6163\u3092\u3064\u3051\u308b\u304b\u3001\u82f1\u8a9e\u7248\u306eBloomberg\u3084\u30ed\u30a4\u30bf\u30fc\u3067\u60c5\u5831\u53ce\u96c6\u3059\u308b\u4f53\u5236\u3092\u4f5c\u3063\u3066\u304a\u304f\u3053\u3068\u3092\u304a\u3059\u3059\u3081\u3057\u307e\u3059\u3002<\/p>\n\n\n\n

2026\u5e74\u6700\u65b0\u696d\u7e3e\uff5c\u55b6\u696d\u5229\u76ca756%\u5897\u30fb\u6642\u4fa1\u7dcf\u984d1\u5146\u30c9\u30eb\u7a81\u7834<\/h2>\n\n\n\n
\"\"<\/figure>\n\n\n\n

\u30b5\u30e0\u30b9\u30f3\u96fb\u5b50\u306f2026\u5e74\u306b\u5165\u308a\u3001\u696d\u7e3e\u304c\u6025\u6fc0\u306b\u62e1\u5927\u3057\u3066\u3044\u307e\u3059\u3002
26\u5e74\u7b2c1\u56db\u534a\u671f(1-3\u6708)\u306e\u55b6\u696d\u5229\u76ca\u306f\u524d\u5e74\u540c\u671f\u6bd4756%\u5897\u306e57.2\u5146\u30a6\u30a9\u30f3\u306b\u6025\u5897\u3057\u3001\u56db\u534a\u671f\u5358\u4f53\u30672025\u5e74\u901a\u5e74\u306e\u55b6\u696d\u5229\u76ca\u3092\u3059\u3067\u306b\u4e0a\u56de\u308a\u307e\u3057\u305f<\/span><\/strong>\u3002
\u3053\u306e\u696d\u7e3e\u56de\u5fa9\u3092\u53d7\u3051\u30012026\u5e745\u67086\u65e5\u306b\u306f\u682a\u4fa1\u304c\u524d\u65e5\u6bd414%\u4ee5\u4e0a\u306e\u6025\u9a30\u3092\u8a18\u9332\u3057\u3001\u6642\u4fa1\u7dcf\u984d\u304c\u97d3\u56fd\u4f01\u696d\u3068\u3057\u3066\u521d\u3081\u30661\u5146\u30c9\u30eb(\u7d04154\u5146\u5186)\u3092\u7a81\u7834\u3057\u307e\u3057\u305f\u3002
\u30a2\u30b8\u30a2\u4f01\u696d\u3067\u6642\u4fa1\u7dcf\u984d1\u5146\u30c9\u30eb\u3092\u9054\u6210\u3057\u305f\u306e\u306f\u53f0\u6e7e\u306eTSMC\u306b\u6b21\u3044\u30672\u793e\u76ee\u306e\u5feb\u6319\u3067\u3059\u3002<\/p>\n\n\n\n

26\u5e74\u7b2c1\u56db\u534a\u671f\uff5c\u534a\u5c0e\u4f53\u90e8\u9580\u304c\u5229\u76ca\u306e94%\u3092\u5360\u3081\u308b\u6025\u56de\u5fa9<\/h3>\n\n\n\n

26\u5e74\u7b2c1\u56db\u534a\u671f\u306e\u6c7a\u7b97\u3067\u306f\u3001\u534a\u5c0e\u4f53\u90e8\u9580(Device Solutions\u90e8\u9580)\u306e\u55b6\u696d\u5229\u76ca\u304c53.7\u5146\u30a6\u30a9\u30f3\u3068\u3001\u5168\u793e\u5229\u76ca\u306e94%\u3092\u5360\u3081\u307e\u3057\u305f<\/span><\/strong>\u3002
\u524d\u5e74\u540c\u671f\u6bd4\u3067\u306f\u7d0448\u500d\u3068\u3044\u3046\u4f38\u3073\u3067\u3001\u30e1\u30e2\u30ea\u534a\u5c0e\u4f53\u306e\u4fa1\u683c\u4e0a\u6607\u3068\u51fa\u8377\u5897\u304c\u4e3b\u56e0\u3067\u3059\u3002

\u4e00\u65b9\u3067\u30e2\u30d0\u30a4\u30eb\u304a\u3088\u3073\u5bb6\u96fb\u90e8\u9580\u306e\u5229\u76ca\u306f\u3001\u90e8\u54c1\u30b3\u30b9\u30c8\u306e\u4e0a\u6607\u306a\u3069\u306b\u3088\u308a\u524d\u5e74\u540c\u671f\u6bd4\u306740%\u8fd1\u304f\u7e2e\u5c0f\u3057\u307e\u3057\u305f\u3002
\u56db\u534a\u671fEPS(1\u682a\u3042\u305f\u308a\u7d14\u5229\u76ca)\u306f7,123\u30a6\u30a9\u30f3\u3067\u3001\u5e02\u5834\u4e88\u60f3(5,906\u30a6\u30a9\u30f3)\u3092\u5927\u304d\u304f\u4e0a\u56de\u3063\u3066\u3044\u307e\u3059\u3002

\u8a2d\u5099\u6295\u8cc7\u306f\u904e\u53bb\u6700\u9ad8\u6c34\u6e96\u306b\u7a4d\u307f\u4e0a\u304c\u3063\u3066\u304a\u308a\u3001\u4eca\u5f8c\u306e\u6e1b\u4fa1\u511f\u5374\u8cbb\u306e\u5897\u52a0\u304c\u5229\u76ca\u3092\u5727\u8feb\u3059\u308b\u30ea\u30b9\u30af\u3082\u540c\u6642\u306b\u9855\u5728\u5316\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n

HBM(\u9ad8\u5e2f\u57df\u5e45\u30e1\u30e2\u30ea)\u9700\u8981\u306e\u7206\u767a\u7684\u62e1\u5927\u304c\u727d\u5f15<\/h3>\n\n\n\n

\u4eca\u56de\u306e\u696d\u7e3e\u6025\u56de\u5fa9\u306e\u6838\u5fc3\u306b\u3042\u308b\u306e\u304c\u3001HBM(\u9ad8\u5e2f\u57df\u5e45\u30e1\u30e2\u30ea\u3001High Bandwidth Memory)\u306e\u9700\u8981\u7206\u767a<\/span><\/strong>\u3067\u3059\u3002
HBM\u3068\u306f\u3001AI\u30b5\u30fc\u30d0\u30fc\u3084\u9ad8\u6027\u80fdGPU\u306b\u642d\u8f09\u3055\u308c\u308b\u7279\u6b8a\u306a\u30e1\u30e2\u30ea\u3067\u3001\u901a\u5e38\u306eDRAM\u3088\u308a\u6570\u500d\u301c\u5341\u6570\u500d\u306e\u901f\u5ea6\u3067\u30c7\u30fc\u30bf\u3092\u51e6\u7406\u3067\u304d\u307e\u3059\u3002

ChatGPT\u3084Gemini\u306a\u3069\u306e\u751f\u6210AI\u3092\u652f\u3048\u308b\u30c7\u30fc\u30bf\u30bb\u30f3\u30bf\u30fc\u306b\u306f\u5927\u91cf\u306eHBM\u304c\u5fc5\u8981\u3067\u3001\u4e16\u754c\u4e2d\u306eAI\u6295\u8cc7\u30d6\u30fc\u30e0\u304c\u9700\u8981\u3092\u6025\u5897\u3055\u305b\u3066\u3044\u307e\u3059\u3002
\u30b5\u30e0\u30b9\u30f3\u96fb\u5b50\u306fDRAM\u30fb\u30d5\u30a1\u30a6\u30f3\u30c9\u30ea\u30fb\u5148\u7aef\u30d1\u30c3\u30b1\u30fc\u30b8\u30f3\u30b0\u3092\u81ea\u793e\u5185\u3067\u4e00\u8cab\u751f\u7523\u3067\u304d\u308b\u300c\u5782\u76f4\u7d71\u5408\u300d\u4f53\u5236\u3092\u6301\u3064\u552f\u4e00\u306e\u30e1\u30fc\u30ab\u30fc\u3067\u3001\u3053\u306e\u5f37\u307f\u304c\u7af6\u5408\u3068\u306e\u5dee\u5225\u5316\u306b\u3064\u306a\u304c\u3063\u3066\u3044\u307e\u3059\u3002

\u30b5\u30e0\u30b9\u30f3\u96fb\u5b50\u81ea\u8eab\u306e\u9700\u7d66\u4e88\u6e2c\u3067\u306f\u3001\u30e1\u30e2\u30ea\u306e\u4f9b\u7d66\u4e0d\u8db3\u306f2027\u5e74\u307e\u3067\u7d9a\u304f\u3068\u3055\u308c\u3066\u304a\u308a\u3001\u9ad8\u53ce\u76ca\u304c\u7d9a\u304f\u300c\u30b9\u30fc\u30d1\u30fc\u30b5\u30a4\u30af\u30eb\u300d\u3078\u306e\u7a81\u5165\u3092\u5e02\u5834\u304c\u78ba\u4fe1\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n

\u30a2\u30ca\u30ea\u30b9\u30c8\u304c\u898b\u308b\u30b5\u30e0\u30b9\u30f3\u96fb\u5b50\u306e\u4eca\u5f8c\uff5c\u5f37\u6c17\u4e88\u60f3\u306e\u6839\u62e0\u3068\u6ce8\u610f\u70b9<\/h2>\n\n\n\n
\"\"<\/figure>\n\n\n\n

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\u305f\u3060\u3057\u3001\u5f37\u6c17\u6750\u6599\u3070\u304b\u308a\u3067\u306a\u304f\u3001\u6ce8\u8996\u3059\u3079\u304d\u30ea\u30b9\u30af\u3082\u8907\u6570\u5b58\u5728\u3057\u307e\u3059\u3002
\u6295\u8cc7\u5224\u65ad\u3092\u3059\u308b\u524d\u306b\u3001\u5f37\u6c17\u306e\u6839\u62e0\u3068\u30ea\u30b9\u30af\u306e\u4e21\u9762\u3092\u78ba\u8a8d\u3057\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n\n\n\n

\u5e73\u5747\u76ee\u6a19\u682a\u4fa132\u4e07\u30a6\u30a9\u30f3\u8d85\u30fb37\u4eba\u4e2d36\u4eba\u304c\u300c\u8cb7\u3044\u300d<\/h3>\n\n\n\n

Investing.com\u306e\u30c7\u30fc\u30bf(2026\u5e745\u670813\u65e5\u6642\u70b9)\u306b\u3088\u308b\u3068\u3001\u30b5\u30e0\u30b9\u30f3\u96fb\u5b50\u3092\u30ab\u30d0\u30fc\u3059\u308b37\u4eba\u306e\u30a2\u30ca\u30ea\u30b9\u30c8\u306e\u3046\u306136\u4eba\u304c\u300c\u8cb7\u3044\u300d\u307e\u305f\u306f\u300c\u5f37\u3044\u8cb7\u3044\u300d<\/span><\/strong>\u3068\u5224\u65ad\u3057\u3066\u304a\u308a\u3001\u300c\u58f2\u308a\u300d\u5224\u65ad\u306f0\u4eba\u3067\u3059\u3002
12\u30ab\u6708\u5148\u306e\u5e73\u5747\u76ee\u6a19\u682a\u4fa1\u306f32\u4e071,576\u30a6\u30a9\u30f3\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002

\u30b4\u30fc\u30eb\u30c9\u30de\u30f3\u30fb\u30b5\u30c3\u30af\u30b9\u306f2026\u5e743\u6708\u306b\u76ee\u6a19\u682a\u4fa1\u309220\u4e075,000\u30a6\u30a9\u30f3\u304b\u308926\u4e07\u30a6\u30a9\u30f3\u306b\u5f15\u304d\u4e0a\u3052\u3066\u304a\u308a\u3001SK\u8a3c\u5238\u306f5\u67087\u65e5\u4ed8\u306e\u30ec\u30dd\u30fc\u30c8\u3067\u76ee\u6a19\u682a\u4fa1\u309250\u4e07\u30a6\u30a9\u30f3\u306b\u5927\u5e45\u4e0a\u65b9\u4fee\u6b63\u3057\u307e\u3057\u305f\u3002
SK\u8a3c\u5238\u306e\u30ec\u30dd\u30fc\u30c8\u3067\u306f\u30012026\u5e74\u306e\u55b6\u696d\u5229\u76ca\u898b\u901a\u3057\u3092338\u5146\u30a6\u30a9\u30f3\u30012027\u5e74\u306f494\u5146\u30a6\u30a9\u30f3\u3068\u5f37\u304f\u306e\u4e88\u6e2c\u304c\u3055\u308c\u3066\u304a\u308a\u3001\u30e1\u30e2\u30ea\u5e02\u5834\u306e\u69cb\u9020\u7684\u306a\u5229\u76ca\u5411\u4e0a\u3078\u306e\u4fe1\u983c\u3092\u6839\u62e0\u306b\u6319\u3052\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n

\u30e1\u30e2\u30ea\u4f9b\u7d66\u4e0d\u8db3\u306f2027\u5e74\u307e\u3067\u7d9a\u304f\u3068\u306e\u898b\u65b9<\/h3>\n\n\n\n

\u30a2\u30ca\u30ea\u30b9\u30c8\u304c\u5f37\u6c17\u306a\u6700\u5927\u306e\u6839\u62e0\u306f\u3001\u30e1\u30e2\u30ea\u306e\u9700\u7d66\u903c\u8feb\u304c\u4e2d\u671f\u7684\u306b\u7d9a\u304f\u3068\u306e\u898b\u901a\u3057<\/span><\/strong>\u3067\u3059\u3002
DRAM\u306e\u4fa1\u683c\u306f2026\u5e74\u4e2d\u306b\u524d\u5e74\u6bd42\u500d\u4ee5\u4e0a\u306b\u4e0a\u6607\u3059\u308b\u3068\u4e88\u6e2c\u3059\u308b\u30a2\u30ca\u30ea\u30b9\u30c8\u3082\u304a\u308a\u3001\u4fa1\u683c\u4e0a\u6607\u30c8\u30ec\u30f3\u30c9\u306e\u53ce\u675f\u306f2027\u5e74\u5f8c\u534a\u4ee5\u964d\u3068\u898b\u3089\u308c\u3066\u3044\u307e\u3059\u3002

AI\u306e\u9032\u5316\u306b\u4f34\u3044\u3001GPU\u3084\u30b5\u30fc\u30d0\u30fc1\u53f0\u3042\u305f\u308a\u306e\u30e1\u30e2\u30ea\u642d\u8f09\u91cf\u304c\u69cb\u9020\u7684\u306b\u5897\u3048\u7d9a\u3051\u3066\u3044\u308b\u305f\u3081\u3067\u3059\u3002
\u6b21\u4e16\u4ee3\u898f\u683c\u300cHBM4\u300d\u306e\u672c\u683c\u666e\u53ca\u3082\u63a7\u3048\u3066\u304a\u308a\u3001\u30b5\u30e0\u30b9\u30f3\u96fb\u5b50\u306fHBM4\u306e\u6700\u4e0b\u5c64\u30c1\u30c3\u30d7\u306b\u81ea\u793e\u6700\u5148\u7aef\u306e4nm\u30d7\u30ed\u30bb\u30b9\u3092\u63a1\u7528\u3059\u308b\u8a08\u753b\u3092\u9032\u3081\u3066\u3044\u307e\u3059\u3002
DRAM\u4fa1\u683c\u306e\u4e0a\u6607\u7387\u304c\u524d\u5e74\u6bd420%\u3092\u4e0b\u56de\u308b\u304b\u3001HBM\u9700\u8981\u306e\u4f38\u3073\u7387\u304c30%\u672a\u6e80\u306b\u843d\u3061\u305f\u5834\u5408\u306f\u5229\u76ca\u30d4\u30fc\u30af\u304c\u8fd1\u3065\u3044\u3066\u3044\u308b\u30b5\u30a4\u30f3\u3068\u3082\u8a00\u308f\u308c\u3066\u304a\u308a\u3001\u3053\u306e\u6307\u6a19\u3092\u5b9a\u671f\u7684\u306b\u78ba\u8a8d\u3059\u308b\u3053\u3068\u304c\u91cd\u8981\u3067\u3059\u3002<\/p>\n\n\n\n

\u30e2\u30d0\u30a4\u30eb\u4e8b\u696d\u306e\u6e1b\u76ca\u30fb\u52b4\u4f7f\u5bfe\u7acb\u304c\u4e0b\u843d\u30ea\u30b9\u30af<\/h3>\n\n\n\n

\u5f37\u6c17\u6750\u6599\u304c\u591a\u3044\u4e00\u65b9\u3067\u3001\u7121\u8996\u3067\u304d\u306a\u3044\u30ea\u30b9\u30af\u3082\u8907\u6570\u3042\u308a\u307e\u3059\u3002

\u7b2c1\u306b\u3001\u30e2\u30d0\u30a4\u30eb\u304a\u3088\u3073\u5bb6\u96fb\u90e8\u9580\u306e\u5229\u76ca\u304c26\u5e74\u7b2c1\u56db\u534a\u671f\u3067\u524d\u5e74\u540c\u671f\u6bd440%\u8fd1\u304f\u7e2e\u5c0f\u3057\u3066\u304a\u308a\u3001\u30b9\u30de\u30fc\u30c8\u30d5\u30a9\u30f3\u4e8b\u696d\u306e\u53ce\u76ca\u56de\u5fa9\u304c\u898b\u901a\u3057\u306b\u304f\u3044\u72b6\u614b\u3067\u3059\u3002
\u534a\u5c0e\u4f53\u90e8\u9580\u3078\u306e\u96c6\u4e2d\u4f9d\u5b58\u306f\u3001\u30e1\u30e2\u30ea\u4fa1\u683c\u304c\u6025\u843d\u3057\u305f\u5834\u5408\u306e\u5168\u793e\u696d\u7e3e\u3078\u306e\u6253\u6483\u3082\u5927\u304d\u304f\u3057\u307e\u3059<\/span><\/strong>\u3002

\u7b2c2\u306b\u30012026\u5e745\u6708\u6642\u70b9\u3067\u30b5\u30e0\u30b9\u30f3\u96fb\u5b50\u3068\u6700\u5927\u306e\u52b4\u50cd\u7d44\u5408\u3068\u306e\u8cc3\u91d1\u4ea4\u6e09\u304c\u6c7a\u88c2\u3057\u3001\u5927\u898f\u6a21\u30b9\u30c8\u30e9\u30a4\u30ad\u306e\u30ea\u30b9\u30af\u304c\u9ad8\u307e\u3063\u3066\u3044\u307e\u3059<\/span><\/strong>\u3002
\u904e\u53bb\u306e\u4e8b\u4f8b\u3067\u306f\u3001\u30b9\u30c8\u30e9\u30a4\u30ad\u9577\u671f\u5316\u304c\u5de5\u5834\u7a3c\u50cd\u7387\u306b\u5f71\u97ff\u3057\u682a\u4fa1\u3092\u5927\u304d\u304f\u4e0b\u62bc\u3057\u3057\u305f\u7d4c\u7def\u304c\u3042\u308a\u307e\u3059\u3002

\u7b2c3\u306b\u3001\u682a\u4fa1\u304c1\u5e74\u30674\u500d\u8d85\u306b\u6025\u9a30\u3057\u305f\u305f\u3081\u3001\u77ed\u671f\u7684\u306a\u5229\u76ca\u78ba\u5b9a\u58f2\u308a\u304c\u51fa\u3084\u3059\u3044\u6c34\u6e96\u306b\u3042\u308b\u70b9\u306b\u3082\u6ce8\u610f\u304c\u5fc5\u8981\u3067\u3059\u3002<\/p>\n\n\n\n

\u307e\u3068\u3081\uff5c\u30b5\u30e0\u30b9\u30f3\u96fb\u5b50\u306e\u682a\u306e\u8cb7\u3044\u65b9\u3068\u4eca\u5f8c\u306e\u898b\u901a\u3057<\/h2>\n\n\n\n
\"\"<\/figure>\n\n\n\n

\u30b5\u30e0\u30b9\u30f3\u96fb\u5b50\u306e\u682a\u3092\u65e5\u672c\u306e\u500b\u4eba\u6295\u8cc7\u5bb6\u304c\u8cb7\u3046\u5834\u5408\u3001SBI\u8a3c\u5238\u3067\u306e\u500b\u5225\u682a\u8cfc\u5165\u304c\u3082\u3063\u3068\u3082\u6709\u529b<\/span><\/strong>\u3067\u3059\u3002
\u5916\u56fd\u682a\u53e3\u5ea7\u304c\u306a\u3044\u5834\u5408\u306f\u3001ETN\u3078\u306e\u6295\u8cc7\u3082\u4ee3\u66ff\u624b\u6bb5\u306b\u306a\u308a\u307e\u3059\u304c\u3001ETN\u7279\u6709\u306e\u30ea\u30b9\u30af\u3082\u3042\u308a\u3001\u9577\u671f\u6295\u8cc7\u306b\u306f\u3042\u307e\u308a\u5411\u3044\u3066\u3044\u307e\u305b\u3093\u3002
\u70ba\u66ff\u30ea\u30b9\u30af\u3092\u8003\u616e\u3057\u305f\u4e0a\u3067\u3001\u6295\u8cc7\u3092\u884c\u3046\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002

\u30b5\u30e0\u30b9\u30f3\u96fb\u5b50\u306f\u300137\u4eba\u4e2d36\u4eba\u306e\u30a2\u30ca\u30ea\u30b9\u30c8\u304c\u300c\u8cb7\u3044\u300d\u3068\u3057\u3066\u304a\u308a\u3001\u5e73\u5747\u76ee\u6a19\u682a\u4fa1\u306f32\u4e071,576\u30a6\u30a9\u30f3\u3067\u3059\u3002
HBM\u9700\u8981\u306e\u7206\u767a\u3068\u4f9b\u7d66\u4e0d\u8db3\u304c2027\u5e74\u307e\u3067\u7d9a\u304f\u3068\u306e\u4e88\u6e2c\u3092\u6839\u62e0\u306b\u3001\u4e16\u754c\u7684\u306b\u6ce8\u76ee\u3092\u96c6\u3081\u3066\u3044\u308b<\/span><\/strong>\u72b6\u6cc1\u3067\u3059\u3002
\u4e00\u65b9\u3067\u30e2\u30d0\u30a4\u30eb\u4e8b\u696d\u306e\u6e1b\u76ca\u3001\u52b4\u4f7f\u554f\u984c\u3001\u6025\u9a30\u5f8c\u306e\u5229\u76ca\u78ba\u5b9a\u58f2\u308a\u30ea\u30b9\u30af\u306f\u6ce8\u8996\u304c\u5fc5\u8981\u3002
\u696d\u7e3e\u3001\u70ba\u66ff\u3001\u30e1\u30e2\u30ea\u5e02\u6cc1\u3001\u52b4\u4f7f\u4ea4\u6e09\u306e\u9032\u5c55\u3092\u78ba\u8a8d\u3057\u306a\u304c\u3089\u3001\u81ea\u5206\u306e\u30ea\u30b9\u30af\u8a31\u5bb9\u5ea6\u306b\u5408\u3063\u305f\u65b9\u6cd5\u3067\u6295\u8cc7\u3092\u691c\u8a0e\u3057\u3066\u307f\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n\n\n

\n
\n
\n

<\/p>\n

\u4eca\u306a\u3089\u6025\u9a30\u671f\u5f85\u306e\u201c\u6709\u529b3\u9298\u67c4\u201d\u3092
\u7121\u6599\u3067\u914d\u4fe1\u3044\u305f\u3057\u307e\u3059<\/p>\n

\u8cb7\u3044\u3068\u58f2\u308a\u306e\u30bf\u30a4\u30df\u30f3\u30b0\u304b\u3089\u9298\u67c4\u9078\u3073\u307e\u3067\u5168\u3066\u5f0a\u793e\u306b\u304a\u4efb\u305b\u304f\u3060\u3055\u3044\u3002
\u6295\u8cc7\u306b\u7cbe\u901a\u3057\u305f\u30a2\u30ca\u30ea\u30b9\u30c8\u306e\u624b\u8155\u3092\u60dc\u3057\u3052\u3082\u306a\u304f\u304a\u4f1d\u3048\u3057\u307e\u3059\u3002<\/p>\n

\u5f0a\u793e\u304c\u3054\u63d0\u4f9b\u3059\u308b\u9298\u67c4\u306e\u826f\u3055\u3092\u307e\u305a\u306f\u3054\u5b9f\u611f\u304f\u3060\u3055\u3044\u3002<\/p>\n

\u25bc\u30d7\u30ed\u304c\u9078\u3093\u30603\u9298\u67c4\u3092\u7121\u6599\u3067\u3054\u63d0\u6848\u25bc<\/p>\n <\/div>\n\n

\n \n \n \n \n\n\n\n\n\n\t
\n\t\t
\n\t\t\t\n\t\t\t
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