{"id":19509,"date":"2026-10-08T15:00:00","date_gmt":"2026-10-08T06:00:00","guid":{"rendered":"https:\/\/jioinc.jp\/investleaders\/?p=19509"},"modified":"2026-10-08T13:06:00","modified_gmt":"2026-10-08T04:06:00","slug":"analysis_6871","status":"publish","type":"post","link":"https:\/\/jioinc.jp\/investleaders\/analysis_6871\/","title":{"rendered":"\u65e5\u672c\u30de\u30a4\u30af\u30ed\u30cb\u30af\u30b9(6871)\u306e\u682a\u4fa1\u306f\u4eca\u5f8c\u3069\u3046\u306a\u308b\uff1fHBM\u9700\u8981\u3068\u5897\u7523\u8a08\u753b\u304b\u3089\u898b\u901a\u3057\u3092\u5206\u6790"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">\u65e5\u672c\u30de\u30a4\u30af\u30ed\u30cb\u30af\u30b9(6871)\u306e\u682a\u4fa1\u306f\u30012026\u5e7410\u67087\u65e5\u306b16,760\u5186\u3067\u53d6\u5f15\u3092\u7d42\u3048\u3001\u590f\u306e\u6025\u843d\u304b\u3089\u9ad8\u5024\u306b\u8fd1\u3065\u304d\u307e\u3057\u305f\u3002\u751f\u6210AI\u5411\u3051\u306e\u9ad8\u901f\u30e1\u30e2\u30ea\u30fc\u3001HBM\u306e\u691c\u67fb\u9700\u8981\u3068\u5897\u7523\u306f\u696d\u7e3e\u62e1\u5927\u3092\u652f\u3048\u307e\u3059\u304c\u3001\u6025\u9a30\u5f8c\u306e\u65b0\u898f\u8cfc\u5165\u306f\u6b21\u306e\u6c7a\u7b97\u3092\u78ba\u304b\u3081\u3066\u304b\u3089\u3067\u3082\u3088\u3044\u3068\u8003\u3048\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u6b21\u306e\u78ba\u8a8d\u5148\u306f11\u670812\u65e5\u306e\u6c7a\u7b97\u3067\u3059\u3002\u51fa\u8377\u306e\u524d\u5012\u3057\u304c\u4e00\u5de1\u3057\u305f\u5f8c\u3082\u5229\u76ca\u3092\u4f38\u3070\u305b\u308b\u304b\u304c\u3001\u682a\u4fa1\u306e\u8a55\u4fa1\u306b\u5f71\u97ff\u3057\u307e\u3059\u3002\u672c\u8a18\u4e8b\u3067\u306f10\u67087\u65e5\u7d42\u5024\u3092\u57fa\u6e96\u306b\u3001\u4f1a\u793e\u4e88\u60f3\u3068\u5897\u7523\u8a08\u753b\u3092\u5206\u6790\u3057\u3001\u6c7a\u7b97\u3067\u7167\u3089\u3057\u5408\u308f\u305b\u308b\u6570\u5b57\u3092\u793a\u3057\u307e\u3059\u3002<\/p>\n\n\n<div class=\"p-blogParts post_content\" data-partsID=\"12044\">\n<section class=\"swell-rec-parts\" aria-labelledby=\"swell-rec-title\">\n <div class=\"swell-rec-parts__badge\">\n  <span class=\"swell-rec-parts__badge-icon\">\u2605<\/span><span>\u4eca\u62bc\u3055\u3048\u3066\u304a\u304d\u305f\u3044\u304a\u3059\u3059\u3081\u8a18\u4e8b<\/span>\n <\/div>\n <div class=\"swell-rec-parts__inner\">\n  <header class=\"swell-rec-parts__header\">\n   <p class=\"swell-rec-parts__description\">\u6ce8\u76ee\u30c6\u30fc\u30de\u3084\u6700\u65b0\u306e\u5e02\u5834\u52d5\u5411\u3092\u6df1\u6398\u308a\u3057\u305f\u3001\u7de8\u96c6\u90e8\u304a\u3059\u3059\u3081\u306e\u8a18\u4e8b\u3092\u304a\u5c4a\u3051\u3057\u307e\u3059\u3002<\/p>\n  <\/header>\n <\/div>\n\n\n<p>\t<ol class=\"swell-rec-parts__list\">\n\t\t\t\t\t<li class=\"swell-rec-parts__item\">\n\t\t\t\t<div class=\"swell-rec-parts__rank\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"swell-rec-parts__crown\">\u265b<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"swell-rec-parts__num\">01<\/span>\n\t\t\t\t<\/div>\n\t\t\t\t<a class=\"swell-rec-parts__link\" href=\"https:\/\/jioinc.jp\/investleaders\/tenbagger_toushi\/\">\n\t\t\t\t\t<span class=\"swell-rec-parts__article-title\">\u30102026\u5e74\u7248\u3011\u30c6\u30f3\u30d0\u30ac\u30fc\u306e\u6025\u9a30\u5019\u88dc\u9298\u67c4\u306810\u500d\u3092\u9054\u6210\u3059\u308b\u304a\u5b9d\u682a\u306e\u7279\u5fb4\u3092\u89e3\u8aac\uff01<\/span>\n\t\t\t\t\t<span class=\"swell-rec-parts__arrow\" aria-hidden=\"true\"><\/span>\n\t\t\t\t<\/a>\n\t\t\t<\/li>\n\t\t\t\t\t<li class=\"swell-rec-parts__item\">\n\t\t\t\t<div class=\"swell-rec-parts__rank\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"swell-rec-parts__num\">02<\/span>\n\t\t\t\t<\/div>\n\t\t\t\t<a class=\"swell-rec-parts__link\" href=\"https:\/\/jioinc.jp\/investleaders\/photonics_toushi\/\">\n\t\t\t\t\t<span class=\"swell-rec-parts__article-title\">\u5149\u96fb\u878d\u5408\u306e\u95a2\u9023\u9298\u67c4\uff5cIOWN\u672c\u547d\u306e\u5149\u534a\u5c0e\u4f53\u3092\u696d\u7e3e\u3068\u682a\u4fa1\u3067\u89e3\u8aac\u30102026\u5e74\u3011<\/span>\n\t\t\t\t\t<span class=\"swell-rec-parts__arrow\" aria-hidden=\"true\"><\/span>\n\t\t\t\t<\/a>\n\t\t\t<\/li>\n\t\t\t\t\t<li class=\"swell-rec-parts__item\">\n\t\t\t\t<div class=\"swell-rec-parts__rank\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"swell-rec-parts__num\">03<\/span>\n\t\t\t\t<\/div>\n\t\t\t\t<a class=\"swell-rec-parts__link\" href=\"https:\/\/jioinc.jp\/investleaders\/rareearth_toushi\/\">\n\t\t\t\t\t<span class=\"swell-rec-parts__article-title\">\u30ec\u30a2\u30a2\u30fc\u30b9\u95a2\u9023\u9298\u67c4\u30102026\u3011\uff5c\u5357\u9ce5\u5cf6\u306e\u63a1\u6398\u4f01\u696d\u3068\u672c\u547d\u682a\u3092\u89e3\u8aac<\/span>\n\t\t\t\t\t<span class=\"swell-rec-parts__arrow\" aria-hidden=\"true\"><\/span>\n\t\t\t\t<\/a>\n\t\t\t<\/li>\n\t\t\t<\/ol>\n\t<\/p>\n\n\n\n<a class=\"swell-rec-parts__more\" href=\"https:\/\/jioinc.jp\/investleaders\/category\/thorough\/\">\n    <span class=\"swell-rec-parts__doc-icon\" aria-hidden=\"true\"><\/span>\n    <span>\u3082\u3063\u3068\u95a2\u9023\u8a18\u4e8b\u3092\u8aad\u3080<\/span>\n    <span class=\"swell-rec-parts__more-arrow\" aria-hidden=\"true\"><\/span>\n  <\/a>\n<\/section>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n<\/div>\n\n\n<div class=\"p-blogParts post_content\" data-partsID=\"1140\"><p><div class=\"p-adBox -normal -border-off\" data-id=\"18470\" data-ad=\"normal\"><div class=\"p-adBox__body\"><div class=\"p-adBox__img\"><a href=\"https:\/\/jioinc.jp\/investleaders\/lp05\/\" class=\"swell-block-button__link track-banner\" data-has-icon=\"1\" data-banner=\"article_b\" data-link-position=\"article_01\"  style=\"text-decoration: underline; font-weight: bold;\"><span>\u3009\u3009\u6025\u9a30\u671f\u5f85\uff13\u9298\u67c4\u3092\u7121\u6599\u3067\u53d7\u3051\u53d6\u308b\u3008\u3008<\/span><\/a><\/div><\/div><\/div><\/p>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">\u65e5\u672c\u30de\u30a4\u30af\u30ed\u30cb\u30af\u30b9\u306e\u682a\u4fa1\u306f\u9ad8\u5024\u306b\u63a5\u8fd1\uff5c\u4e88\u60f3PER\u306f28\u500d\u53f0<\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"1200\" height=\"675\" src=\"https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/micronics-outlook-h2-01.jpg\" alt=\"\u65e5\u672c\u30de\u30a4\u30af\u30ed\u30cb\u30af\u30b9\u306e\u682a\u4fa1\u306f\u9ad8\u5024\u306b\u63a5\u8fd1\uff5c\u4e88\u60f3PER\u306f28\u500d\u53f0\" class=\"wp-image-19514\" srcset=\"https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/micronics-outlook-h2-01.jpg 1200w, https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/micronics-outlook-h2-01-300x169.jpg 300w, https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/micronics-outlook-h2-01-768x432.jpg 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\u65e5\u672c\u30de\u30a4\u30af\u30ed\u30cb\u30af\u30b9\u306f\u9577\u671f\u3067\u682a\u4fa1\u6c34\u6e96\u3092\u5207\u308a\u4e0a\u3052\u3066\u304d\u307e\u3057\u305f\u304c\u3001\u9014\u4e2d\u306b\u306f\u6df1\u3044\u4e0b\u843d\u3082\u3042\u308a\u307e\u3057\u305f\u3002<span class=\"swl-marker mark_yellow\"><strong>\u9ad8\u5024\u304b\u3089\u306e\u8ddd\u96e2\u3060\u3051\u3067\u5272\u5b89\u3068\u306f\u5224\u65ad\u3067\u304d\u305a\u3001\u5229\u76ca\u6210\u9577\u3068\u306e\u91e3\u308a\u5408\u3044\u304c\u5927\u5207\u3067\u3059\u3002<\/strong><\/span>\u5024\u52d5\u304d\u306e\u5927\u304d\u3055\u3068\u4f1a\u793e\u4e88\u60f3\u306b\u57fa\u3065\u304f\u6307\u6a19\u3092\u4f75\u305b\u3066\u78ba\u8a8d\u3057\u307e\u3059\u3002\u540c\u3058\u534a\u5c0e\u4f53\u95a2\u9023\u9298\u67c4\u3067\u3082\u3001\u691c\u67fb\u30fb\u88c5\u7f6e\u30fb\u6750\u6599\u3067\u306f\u53ce\u76ca\u6e90\u3084\u5229\u76ca\u304c\u4f38\u3073\u308b\u6761\u4ef6\u304c\u7570\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n<p class=\"n_link\"><a href=\"https:\/\/jioinc.jp\/investleaders\/semiconductor_toushi\/\">[\u95a2\u9023]\u534a\u5c0e\u4f53\u95a2\u9023\u9298\u67c4\u306e\u672c\u547d\u682a\uff5cAI\u30fb\u30c0\u30a4\u30e4\u30e2\u30f3\u30c9\u30fb\u56fd\u7523\u5316\u30c6\u30fc\u30de\u3092\u5fb9\u5e95\u89e3\u8aac<\/a><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u904e\u53bb5\u5e74\u306f\u5927\u5e45\u9ad8\u3068\u6025\u843d\u3092\u7e70\u308a\u8fd4\u3057\u306a\u304c\u3089\u6c34\u6e96\u3092\u5207\u308a\u4e0a\u3052\u305f<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">2022\u5e7410\u67083\u65e5\u306e\u5b89\u5024\u306f1,169\u5186\u3067\u3057\u305f\u3002\u305d\u306e\u5f8c\u306f2024\u5e743\u6708\u306b8,900\u5186\u53f0\u3078\u4e0a\u6607\u3057\u30012025\u5e744\u67087\u65e5\u306b\u306f2,482\u5186\u307e\u3067\u4e0b\u843d\u3057\u3066\u3044\u307e\u3059\u3002<strong>\u9ad8\u5024\u3092\u5927\u304d\u304f\u66f4\u65b0\u3059\u308b\u4e00\u65b9\u3001\u7d047\u5272\u306e\u4e0b\u843d\u3082\u7d4c\u9a13\u3057\u305f\u9298\u67c4\u3067\u3059\u3002<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u540c\u5e7411\u67084\u65e5\u306b9,490\u5186\u3078\u4e0a\u304c\u3063\u305f\u5f8c\u3082\u300121\u65e5\u306b\u306f5,740\u5186\u307e\u3067\u4e0b\u3052\u307e\u3057\u305f\u3002\u9577\u671f\u306e\u4e0a\u6607\u3060\u3051\u3092\u898b\u3066\u3044\u308b\u3068\u3001\u3053\u306e\u9014\u4e2d\u306e\u5024\u5e45\u3092\u898b\u843d\u3068\u3057\u307e\u3059\u3002\u5bfe\u8c61\u306e5\u5e74\u9593\u306b\u682a\u5f0f\u5206\u5272\u306f\u306a\u304f\u3001\u5404\u6642\u70b9\u306e\u682a\u4fa1\u306f\u540c\u3058\u682a\u6570\u57fa\u6e96\u3067\u6bd4\u8f03\u3067\u304d\u307e\u3059\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"1600\" height=\"900\" src=\"https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/micronics-outlook-5y-weekly.jpg\" alt=\"\u65e5\u672c\u30de\u30a4\u30af\u30ed\u30cb\u30af\u30b9(6871)\u306e2021\u5e7410\u6708\u304b\u30892026\u5e7410\u67087\u65e5\u307e\u3067\u306e\u9031\u8db3\u3068\u51fa\u6765\u9ad8\u30022024\u5e743\u6708\u9ad8\u50248,940\u5186\u30012025\u5e744\u6708\u5b89\u50242,482\u5186\u30012026\u5e747\u6708\u9ad8\u502418,180\u5186\u3001\u76f4\u8fd1\u7d42\u502416,760\u5186\u3092\u8868\u793a\u3002\" class=\"wp-image-19515\" srcset=\"https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/micronics-outlook-5y-weekly.jpg 1600w, https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/micronics-outlook-5y-weekly-300x169.jpg 300w, https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/micronics-outlook-5y-weekly-768x432.jpg 768w, https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/micronics-outlook-5y-weekly-1536x864.jpg 1536w\" sizes=\"(max-width: 1600px) 100vw, 1600px\" \/><figcaption class=\"wp-element-caption\">\u51fa\u6240:\u682a\u63a2\u3092\u57fa\u306b\u5f0a\u793e\u4f5c\u6210\u3002\u6700\u7d42\u9031\u306f2026\u5e7410\u67085\u301c7\u65e5\u306e3\u55b6\u696d\u65e5\u3002<\/figcaption><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">7\u6708\u9ad8\u502418,180\u5186\u304b\u3089\u8abf\u6574\u3057\u300110\u67087\u65e5\u306f16,760\u5186\u3078\u56de\u5fa9<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">2026\u5e74\u306f1\u67089\u65e5\u306e\u5e74\u521d\u6765\u5b89\u50247,300\u5186\u304b\u3089\u4e0a\u6607\u3057\u30017\u67081\u65e5\u306b\u5834\u4e2d\u3067\u4e0a\u5834\u6765\u9ad8\u502418,180\u5186\u3092\u3064\u3051\u307e\u3057\u305f\u30027\u670829\u65e5\u306b\u306f10,820\u5186\u307e\u3067\u6025\u843d\u3057\u3066\u3044\u307e\u3059\u30028\u67085\u65e5\u306f\u7d42\u502415,920\u5186\u3078\u623b\u3057\u305f\u3082\u306e\u306e\u30019\u670815\u65e5\u306b\u306f\u518d\u3073\u5834\u4e2d\u306711,630\u5186\u307e\u3067\u4e0b\u3052\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">10\u67087\u65e5\u306e\u7d42\u5024\u306f\u524d\u65e5\u6bd48.76%\u9ad8\u306e16,760\u5186\u3067\u3059\u3002<strong>\u590f\u306e\u6025\u843d\u5f8c\u3001\u53cd\u767a\u3068\u518d\u8abf\u6574\u3092\u7d4c\u3066\u9ad8\u5024\u306e\u7d047.8%\u4e0b\u3078\u56de\u5fa9\u3057\u307e\u3057\u305f\u3002<\/strong>\u77ed\u671f\u306e\u632f\u308c\u306f\u5927\u304d\u304f\u3001\u9ad8\u5024\u3092\u66f4\u65b0\u3057\u7d9a\u3051\u308b\u5c55\u958b\u3068\u306f\u533a\u5225\u3057\u3066\u898b\u308b\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"1600\" height=\"900\" src=\"https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/micronics-outlook-1y-daily.jpg\" alt=\"\u65e5\u672c\u30de\u30a4\u30af\u30ed\u30cb\u30af\u30b9(6871)\u306e2025\u5e7410\u67088\u65e5\u304b\u30892026\u5e7410\u67087\u65e5\u307e\u3067\u306e\u65e5\u8db3\u3068\u51fa\u6765\u9ad8\u30027\u67081\u65e5\u9ad8\u502418,180\u5186\u30017\u670829\u65e5\u5b89\u502410,820\u5186\u30019\u670815\u65e5\u5b89\u502411,630\u5186\u304b\u308910\u67087\u65e5\u7d42\u502416,760\u5186\u3078\u306e\u56de\u5fa9\u3092\u8868\u793a\u3002\" class=\"wp-image-19516\" srcset=\"https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/micronics-outlook-1y-daily.jpg 1600w, https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/micronics-outlook-1y-daily-300x169.jpg 300w, https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/micronics-outlook-1y-daily-768x432.jpg 768w, https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/micronics-outlook-1y-daily-1536x864.jpg 1536w\" sizes=\"(max-width: 1600px) 100vw, 1600px\" \/><figcaption class=\"wp-element-caption\">\u51fa\u6240:\u682a\u63a2\u3092\u57fa\u306b\u5f0a\u793e\u4f5c\u6210\u3002\u9ad8\u5b89\u306f\u5834\u4e2d\u5024\u30012026\u5e7410\u67087\u65e5\u306f\u7d42\u5024\u3002<\/figcaption><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">\u4e88\u60f3PER28.25\u500d\u306b\u898b\u5408\u3046\u5229\u76ca\u6210\u9577\u306f\u7d9a\u304f\u304b<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">10\u67087\u65e5\u7d42\u5024\u3067\u8a08\u7b97\u3057\u305f\u6307\u6a19\u306f\u6b21\u306e\u3068\u304a\u308a\u3067\u3059\u3002PER\u306b\u306f\u4f1a\u793e\u4e88\u60f3\u306e1\u682a\u5229\u76ca(EPS)593.31\u5186\u3092\u4f7f\u3063\u3066\u3044\u307e\u3059\u3002<span class=\"swl-marker mark_yellow\"><strong>\u4e88\u60f3\u3069\u304a\u308a\u5229\u76ca\u304c\u5897\u3048\u308b\u3068\u3044\u3046\u6761\u4ef6\u4ed8\u304d\u306e\u500d\u7387\u3067\u3059\u3002<\/strong><\/span><\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th>\u6307\u6a19<\/th><th>\u6570\u5024<\/th><\/tr><\/thead><tbody><tr><td>\u6642\u4fa1\u7dcf\u984d<\/td><td>\u7d046,708\u5104\u5186<\/td><\/tr><tr><td>\u4e88\u60f3PER<\/td><td>28.25\u500d<\/td><\/tr><tr><td>\u5b9f\u7e3ePBR<\/td><td>7.12\u500d<\/td><\/tr><tr><td>\u4e88\u60f3\u914d\u5f53\u5229\u56de\u308a<\/td><td>1.06%<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\">\u682a\u4fa1\u306f10\u67087\u65e5\u3001PBR\u306e\u7d14\u8cc7\u7523\u306f6\u6708\u672b\u57fa\u6e96\u3002<\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\u4e88\u60f3\u5e74\u9593\u914d\u5f53\u306f178\u5186\u3067\u3059\u3002\u7d14\u8cc7\u7523\u306b\u5bfe\u3059\u308b\u682a\u4fa1\u306e\u500d\u7387\u304cPBR\u3067\u3059\u304c\u3001\u4e0a\u671f\u306e\u7d14\u8cc7\u7523\u5897\u52a0\u306b\u306f\u4fdd\u6709\u682a\u5f0f\u306e\u8a55\u4fa1\u5dee\u984d\u91d1176.66\u5104\u5186\u306e\u5897\u52a0\u3082\u5bc4\u4e0e\u3057\u307e\u3057\u305f\u3002\u672c\u696d\u306e\u5229\u76ca\u3084\u73fe\u91d1\u53ce\u5165\u3068\u306f\u6027\u8cea\u304c\u7570\u306a\u308a\u3001PBR\u306e\u4f4e\u4e0b\u3060\u3051\u3067\u5272\u5b89\u5316\u3068\u306f\u3044\u3048\u307e\u305b\u3093\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">HBM\u306e\u5897\u7523\u304c\u65e5\u672c\u30de\u30a4\u30af\u30ed\u30cb\u30af\u30b9\u306e\u691c\u67fb\u9700\u8981\u3092\u62bc\u3057\u4e0a\u3052\u308b<\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"1200\" height=\"675\" src=\"https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/micronics-outlook-h2-02.jpg\" alt=\"HBM\u306e\u5897\u7523\u304c\u65e5\u672c\u30de\u30a4\u30af\u30ed\u30cb\u30af\u30b9\u306e\u691c\u67fb\u9700\u8981\u3092\u62bc\u3057\u4e0a\u3052\u308b\" class=\"wp-image-19517\" srcset=\"https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/micronics-outlook-h2-02.jpg 1200w, https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/micronics-outlook-h2-02-300x169.jpg 300w, https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/micronics-outlook-h2-02-768x432.jpg 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">HBM\u306f\u8907\u6570\u306e\u30e1\u30e2\u30ea\u30fc\u30c1\u30c3\u30d7\u3092\u7a4d\u307f\u91cd\u306d\u3001\u751f\u6210AI\u306e\u5927\u91cf\u306e\u30c7\u30fc\u30bf\u51e6\u7406\u3092\u652f\u3048\u307e\u3059\u3002\u65e5\u672c\u30de\u30a4\u30af\u30ed\u30cb\u30af\u30b9\u306f\u3001\u305d\u306e\u88fd\u9020\u306b\u5fc5\u8981\u306a\u691c\u67fb\u3092\u62c5\u3046\u4f01\u696d\u3067\u3059\u3002<strong>\u30e1\u30e2\u30ea\u30fc\u306e\u5897\u7523\u3068\u691c\u67fb\u306e\u9ad8\u5ea6\u5316<\/strong>\u304c\u3001\u4e3b\u529b\u88fd\u54c1\u306e\u8ca9\u58f2\u3092\u62bc\u3057\u4e0a\u3052\u3066\u3044\u307e\u3059\u3002\u534a\u5c0e\u4f53\u88fd\u9020\u88c5\u7f6e\u95a2\u9023\u682a\u3067\u306f\u3001\u691c\u67fb\u30fb\u52a0\u5de5\u306a\u3069\u306e\u5de5\u7a0b\u306b\u3088\u3063\u3066\u3001\u9700\u8981\u306e\u4f38\u3073\u65b9\u304c\u7570\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n<p class=\"n_link\"><a href=\"https:\/\/jioinc.jp\/investleaders\/spe_toushi\/\">[\u95a2\u9023]\u534a\u5c0e\u4f53\u88fd\u9020\u88c5\u7f6e\u95a2\u9023\u682a\u306e\u4eca\u5f8c\u306f\uff1f\u4e0b\u843d\u5c40\u9762\u306e\u672c\u547d\u9298\u67c4\u3068\u6295\u8cc7\u30dd\u30a4\u30f3\u30c8\u3092\u89e3\u8aac<\/a><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u534a\u5c0e\u4f53\u691c\u67fb\u7528\u306e\u30d7\u30ed\u30fc\u30d6\u30ab\u30fc\u30c9\u304c\u53ce\u76ca\u306e\u67f1<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u30d7\u30ed\u30fc\u30d6\u30ab\u30fc\u30c9\u306f\u3001\u30a6\u30a7\u30fc\u30cf\u4e0a\u306e\u534a\u5c0e\u4f53\u30c1\u30c3\u30d7\u306b\u91dd\u3092\u63a5\u89e6\u3055\u305b\u3001\u691c\u67fb\u88c5\u7f6e\u3068\u96fb\u6c17\u7684\u306b\u3064\u306a\u3050\u90e8\u54c1\u3067\u3059\u300226\u5e7412\u6708\u671f\u4e0a\u671f\u306e\u4e8b\u696d\u58f2\u4e0a\u306f485.42\u5104\u5186\u3067\u3001<strong>\u5168\u793e\u58f2\u4e0a\u306e\u7d0498.65%<\/strong>\u3092\u5360\u3081\u307e\u3057\u305f\u3002\u30e1\u30e2\u30ea\u30fc\u5411\u3051\u3092\u4e2d\u5fc3\u3068\u3059\u308b\u4e3b\u529b\u4e8b\u696d\u306b\u3001\u53ce\u76ca\u304c\u96c6\u4e2d\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4e00\u65b9\u3001\u691c\u67fb\u88c5\u7f6e\u306a\u3069\u3092\u6271\u3046TE\u4e8b\u696d\u306f\u58f2\u4e0a6.64\u5104\u5186\u3001\u30bb\u30b0\u30e1\u30f3\u30c8\u640d\u59317.85\u5104\u5186\u3067\u3057\u305f\u3002\u30d7\u30ed\u30fc\u30d6\u30ab\u30fc\u30c9\u306b\u306fHBM\u4ee5\u5916\u306e\u7528\u9014\u3082\u542b\u307e\u308c\u3001HBM\u5358\u72ec\u306e\u58f2\u4e0a\u91d1\u984d\u306f\u975e\u958b\u793a\u3067\u3059\u3002\u305d\u306e\u305f\u3081\u3001\u4e3b\u529b\u4e8b\u696d\u306e\u4f38\u3073\u3092HBM\u3060\u3051\u306e\u8ca9\u58f2\u5897\u3068\u8aad\u307f\u66ff\u3048\u308b\u306e\u306f\u907f\u3051\u305f\u3044\u3068\u3053\u308d\u3067\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u9ad8\u96e3\u5ea6\u306e\u30e1\u30e2\u30ea\u30fc\u691c\u67fb\u304c\u9ad8\u4ed8\u52a0\u4fa1\u5024\u54c1\u306e\u8ca9\u58f2\u306b\u3064\u306a\u304c\u308b<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u30e1\u30e2\u30ea\u30fc\u306e\u9ad8\u5bc6\u5ea6\u5316\u30fb\u9ad8\u901f\u5316\u304c\u9032\u3080\u3068\u3001\u72ed\u3044\u9593\u9694\u306e\u96fb\u6975\u306b\u6b63\u78ba\u306b\u63a5\u89e6\u3057\u3001\u5b89\u5b9a\u3057\u3066\u4fe1\u53f7\u3092\u6e2c\u308b\u6280\u8853\u304c\u5fc5\u8981\u306b\u306a\u308a\u307e\u3059\u3002\u4f1a\u793e\u306eU-Probe\u306f\u3001\u5fae\u7d30\u52a0\u5de5\u6280\u8853\u306eMEMS\u3068\u8584\u819c\u591a\u5c64\u914d\u7dda\u57fa\u677f\u3092\u4f7f\u3044\u3001\u591a\u6570\u306e\u30c1\u30c3\u30d7\u3092\u540c\u6642\u306b\u691c\u67fb\u3067\u304d\u308b\u88fd\u54c1\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">8\u670813\u65e5\u306e\u4f1a\u793e\u8aac\u660e\u4f1a\u3067\u306f\u3001\u6280\u8853\u96e3\u6613\u5ea6\u306e\u9ad8\u3044\u88fd\u54c1\u306e\u53d7\u6ce8\u304c\u5897\u3048\u3001\u5e73\u5747\u5358\u4fa1\u3084\u5229\u76ca\u7387\u306e\u6539\u5584\u306b\u3064\u306a\u304c\u3063\u305f\u3068\u8aac\u660e\u3055\u308c\u307e\u3057\u305f\u3002<strong>\u4e00\u5f8b\u306e\u5024\u4e0a\u3052\u3088\u308a\u3001\u9ad8\u4ed8\u52a0\u4fa1\u5024\u54c1\u306e\u8ca9\u58f2\u69cb\u6210\u304c\u63a1\u7b97\u3092\u62bc\u3057\u4e0a\u3052\u305f\u5f62\u3067\u3059\u3002<\/strong>\u7cbe\u5ea6\u306e\u9ad8\u3044\u88fd\u54c1\u3092\u4f9b\u7d66\u3067\u304d\u308c\u3070\u3001\u691c\u67fb\u306e\u9ad8\u5ea6\u5316\u3092\u5229\u76ca\u306b\u7d50\u3073\u3064\u3051\u3089\u308c\u307e\u3059\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u4e0a\u671f\u306f\u55b6\u696d\u5229\u76ca\u304c\u500d\u5897\uff5c\u51fa\u8377\u524d\u5012\u3057\u306e\u5f71\u97ff\u3082\u78ba\u304b\u3081\u305f\u3044<\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"1200\" height=\"675\" src=\"https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/micronics-outlook-h2-03.jpg\" alt=\"\u4e0a\u671f\u306f\u55b6\u696d\u5229\u76ca\u304c\u500d\u5897\uff5c\u51fa\u8377\u524d\u5012\u3057\u306e\u5f71\u97ff\u3082\u78ba\u304b\u3081\u305f\u3044\" class=\"wp-image-19518\" srcset=\"https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/micronics-outlook-h2-03.jpg 1200w, https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/micronics-outlook-h2-03-300x169.jpg 300w, https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/micronics-outlook-h2-03-768x432.jpg 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">8\u670812\u65e5\u516c\u8868\u306e\u4e0a\u671f\u6c7a\u7b97\u3067\u306f\u3001\u58f2\u4e0a\u3092\u4e0a\u56de\u308b\u901f\u3055\u3067\u5229\u76ca\u304c\u4f38\u3073\u307e\u3057\u305f\u3002\u305f\u3060\u3001\u56db\u534a\u671f\u306e\u53ce\u76ca\u306b\u306f\u88fd\u54c1\u306e\u69cb\u6210\u3060\u3051\u3067\u306a\u304f\u3001\u51fa\u8377\u306e\u6642\u671f\u3082\u5f71\u97ff\u3057\u307e\u3059\u3002<span class=\"swl-marker mark_yellow\"><strong>\u6301\u7d9a\u3059\u308b\u63a1\u7b97\u6539\u5584\u3068\u4e00\u6642\u7684\u306a\u51fa\u8377\u5897\u3092\u5206\u3051\u308b<\/strong><\/span>\u3068\u3001\u6b21\u306e\u6c7a\u7b97\u3068\u6bd4\u3079\u308b\u57fa\u6e96\u304c\u660e\u78ba\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u4e0a\u671f\u58f2\u4e0a\u9ad8492\u5104\u5186\u3001\u55b6\u696d\u5229\u76ca155\u5104\u5186\u306b\u62e1\u5927<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">26\u5e7412\u6708\u671f\u4e0a\u671f(1\u301c6\u6708)\u306f\u3001<strong>\u55b6\u696d\u5229\u76ca\u306e\u4f38\u3073\u304c\u58f2\u4e0a\u306e\u4f38\u3073\u3092\u5927\u304d\u304f\u4e0a\u56de\u308a\u307e\u3057\u305f\u3002<\/strong>\u4e3b\u529b\u4e8b\u696d\u306e\u62e1\u5927\u3067\u3001\u58f2\u4e0a\u304c\u5897\u3048\u308b\u3068\u3068\u3082\u306b\u63a1\u7b97\u3082\u6539\u5584\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th>\u9023\u7d50\u5b9f\u7e3e<\/th><th>\u5104\u5186<\/th><th>\u524d\u5e74\u540c\u671f\u6bd4<\/th><\/tr><\/thead><tbody><tr><td>\u58f2\u4e0a\u9ad8<\/td><td>492.06<\/td><td>+48.6%<\/td><\/tr><tr><td>\u55b6\u696d\u5229\u76ca<\/td><td>155.57<\/td><td>+105.5%<\/td><\/tr><tr><td>\u7d4c\u5e38\u5229\u76ca<\/td><td>162.60<\/td><td>+119.9%<\/td><\/tr><tr><td>\u89aa\u4f1a\u793e\u7d14\u5229\u76ca<\/td><td>114.61<\/td><td>+140.0%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\u901a\u671f\u4e88\u60f3\u3078\u306e\u9032\u6357\u7387\u306f\u58f2\u4e0a\u3067\u7d0447.4%\u3001\u55b6\u696d\u5229\u76ca\u3067\u7d0449.5%\u3067\u3059\u3002\u4e0a\u671f\u3060\u3051\u3067\u5e74\u9593\u306e\u307b\u307c\u534a\u5206\u3092\u7a3c\u3044\u3060\u8a08\u7b97\u3067\u3059\u304c\u3001\u51fa\u8377\u304c\u7279\u5b9a\u306e\u56db\u534a\u671f\u306b\u96c6\u4e2d\u3057\u305f\u5f71\u97ff\u3082\u3001\u4ee5\u4e0b\u306e\u5185\u8a33\u304b\u3089\u78ba\u304b\u3081\u3089\u308c\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">2Q\u5229\u76ca\u738735.1%\u3092\u62bc\u3057\u4e0a\u3052\u305f\u9ad8\u4ed8\u52a0\u4fa1\u5024\u54c1\u3068\u51fa\u8377\u524d\u5012\u3057<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">1Q\u306e\u55b6\u696d\u5229\u76ca\u738727.0%\u306b\u5bfe\u3057\u30012Q\u306f35.1%\u3078\u4e0a\u304c\u308a\u307e\u3057\u305f\u30022Q\u5358\u72ec\u306e\u58f2\u4e0a\u9ad8\u306f282.61\u5104\u5186\u3001\u55b6\u696d\u5229\u76ca\u306f99.09\u5104\u5186\u3067\u3059\u3002\u4f1a\u793e\u306f1Q\u304b\u3089\u306e\u51fa\u8377\u30b7\u30d5\u30c8\u3001\u5897\u7523\u306b\u3088\u308b3Q\u5206\u306e\u524d\u5012\u3057\u3001DRAM\u5411\u3051\u9ad8\u4ed8\u52a0\u4fa1\u5024\u54c1\u306e\u69cb\u6210\u5897\u52a0\u3092\u8aac\u660e\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3053\u306e\u3046\u3061\u3001<strong>\u51fa\u8377\u6642\u671f\u306e\u79fb\u52d5\u306f\u56db\u534a\u671f\u540c\u58eb\u306e\u6bd4\u8f03\u3092\u3086\u304c\u3081\u308b\u8981\u56e0\u3067\u3059\u3002<\/strong>\u88fd\u54c1\u69cb\u6210\u306e\u6539\u5584\u306b\u3088\u308b\u62bc\u3057\u4e0a\u3052\u3068\u5206\u3051\u3066\u8003\u3048\u308b\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002\u5404\u8981\u56e0\u306e\u5bc4\u4e0e\u984d\u306f\u975e\u958b\u793a\u306e\u305f\u3081\u3001\u6b21\u306e\u6c7a\u7b97\u3067\u306f\u524d\u5012\u3057\u5f8c\u306e\u58f2\u4e0a\u3068\u63a1\u7b97\u3092\u5408\u308f\u305b\u3066\u8ffd\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">26\u5e7412\u6708\u671f\u306f\u58f2\u4e0a\u9ad81,038\u5104\u5186\u3001\u55b6\u696d\u5229\u76ca314\u5104\u5186\u3092\u8a08\u753b<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f1a\u793e\u306f8\u6708\u300126\u5e7412\u6708\u671f\u306e\u901a\u671f\u4e88\u60f3\u3092\u521d\u3081\u3066\u958b\u793a\u3057\u307e\u3057\u305f\u3002<strong>\u58f2\u4e0a\u9ad8\u306f\u524d\u5e74\u6bd447.9%\u5897\u3001\u55b6\u696d\u5229\u76ca\u306f89.8%\u5897<\/strong>\u3092\u898b\u8fbc\u3093\u3067\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th>\u901a\u671f\u4f1a\u793e\u4e88\u60f3<\/th><th>\u5104\u5186<\/th><\/tr><\/thead><tbody><tr><td>\u58f2\u4e0a\u9ad8<\/td><td>1,038<\/td><\/tr><tr><td>\u55b6\u696d\u5229\u76ca<\/td><td>314<\/td><\/tr><tr><td>\u7d4c\u5e38\u5229\u76ca<\/td><td>320<\/td><\/tr><tr><td>\u89aa\u4f1a\u793e\u7d14\u5229\u76ca<\/td><td>230<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\u58f2\u4e0a\u3068\u55b6\u696d\u5229\u76ca\u304b\u3089\u8a08\u7b97\u3057\u305f\u901a\u671f\u5229\u76ca\u7387\u306f\u7d0430.25%\u3067\u3059\u3002\u540c\u6642\u306b\u4e0a\u65b9\u4fee\u6b63\u3057\u305f\u306e\u306f3Q\u7d2f\u8a08\u4e88\u60f3\u3067\u3001\u58f2\u4e0a\u9ad8\u3092716\u5104\u5186\u304b\u3089742\u5104\u5186\u3001\u55b6\u696d\u5229\u76ca\u3092219\u5104\u5186\u304b\u3089224\u5104\u5186\u3078\u5f15\u304d\u4e0a\u3052\u307e\u3057\u305f\u3002\u901a\u671f\u304b\u3089\u4e0a\u671f\u5b9f\u7e3e\u3092\u5dee\u3057\u5f15\u304f\u3068\u3001\u4e0b\u671f\u306b\u5fc5\u8981\u306a\u55b6\u696d\u5229\u76ca\u306f158.43\u5104\u5186\u3068\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u5897\u7523\u6295\u8cc7\u304c\u6210\u9577\u3092\u652f\u3048\u308b\u4e00\u65b9\u3001\u8cc7\u91d1\u56de\u53ce\u306b\u306f\u6642\u9593\u304c\u304b\u304b\u308b<\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"1200\" height=\"675\" src=\"https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/micronics-outlook-h2-04.jpg\" alt=\"\u5897\u7523\u6295\u8cc7\u304c\u6210\u9577\u3092\u652f\u3048\u308b\u4e00\u65b9\u3001\u8cc7\u91d1\u56de\u53ce\u306b\u306f\u6642\u9593\u304c\u304b\u304b\u308b\" class=\"wp-image-19519\" srcset=\"https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/micronics-outlook-h2-04.jpg 1200w, https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/micronics-outlook-h2-04-300x169.jpg 300w, https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/micronics-outlook-h2-04-768x432.jpg 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\u65e5\u672c\u30de\u30a4\u30af\u30ed\u30cb\u30af\u30b9\u306f\u9752\u68ee\u3067\u306e\u5897\u7523\u6295\u8cc7\u3092\u524d\u5012\u3057\u3067\u9032\u3081\u3066\u3044\u307e\u3059\u3002<strong>\u751f\u7523\u80fd\u529b\u306e\u62e1\u5927\u306b\u4f34\u3063\u3066\u3001\u8a2d\u5099\u3092\u4f7f\u3046\u671f\u9593\u306b\u914d\u5206\u3059\u308b\u6e1b\u4fa1\u511f\u5374\u8cbb\u3082\u5897\u3048\u307e\u3059\u3002<\/strong>\u5897\u7523\u3067\u5f97\u308b\u58f2\u4e0a\u3068\u8cbb\u7528\u306e\u91e3\u308a\u5408\u3044\u306b\u52a0\u3048\u3001\u6295\u8cc7\u3092\u652f\u3048\u308b\u73fe\u91d1\u306e\u6d41\u308c\u3082\u78ba\u8a8d\u3057\u305f\u3044\u3068\u3053\u308d\u3067\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">26\u5e74210\u5104\u5186\u306827\uff5e28\u5e74241\u5104\u5186\u306e\u8a2d\u5099\u6295\u8cc7\u3092\u5206\u3051\u3066\u78ba\u8a8d<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">2026\u5e74\u306e\u8a2d\u5099\u6295\u8cc7\u8a08\u753b\u306f210\u5104\u5186\u3067\u3001\u9752\u68ee\u65b0\u68df\u3078\u306e\u8a2d\u5099\u5c0e\u5165\u3092\u524d\u5012\u3057\u3057\u3066\u3044\u307e\u3059\u3002\u3053\u308c\u3068\u306f\u5225\u306b3\u670826\u65e5\u3001<strong>2027\u301c2028\u5e74\u306b\u5b9f\u65bd\u3059\u308b241\u5104\u5186\u306e\u8ffd\u52a0\u6295\u8cc7<\/strong>\u3092\u6c7a\u8b70\u3057\u307e\u3057\u305f\u3002\u5bfe\u8c61\u306f\u9752\u68ee\u65b0\u68df\u306e\u6a5f\u68b0\u8a2d\u5099\u3068\u3001\u9752\u68ee\u5de5\u5834\u30fb\u9752\u68ee\u677e\u5d0e\u5de5\u5834\u306e\u6539\u4fee\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8ffd\u52a0\u6295\u8cc7\u306f\u81ea\u5df1\u8cc7\u91d1\u30fb\u501f\u5165\u91d1\u7b49\u3067\u8cc4\u3046\u4e88\u5b9a\u3067\u3001\u4f1a\u793e\u306f26\u5e7412\u6708\u671f\u306e\u696d\u7e3e\u3078\u306e\u5f71\u97ff\u306f\u306a\u3044\u3068\u8aac\u660e\u3057\u3066\u3044\u307e\u3059\u30027\u670831\u65e5\u306b\u306f\u3001\u5c06\u6765\u306e\u4e8b\u696d\u62e1\u5927\u306b\u5099\u3048\u308b\u305f\u3081\u3001\u5927\u5206\u62e0\u70b9\u306e\u96a3\u63a5\u5730\u53d6\u5f97\u3082\u767a\u8868\u3057\u307e\u3057\u305f\u3002\u53d6\u5f97\u4fa1\u683c\u306f\u975e\u958b\u793a\u3067\u3059\u3002\u4eca\u671f\u306e\u80fd\u529b\u5897\u5f37\u3068\u3001\u305d\u306e\u5148\u306e\u4e8b\u696d\u62e1\u5927\u306f\u6642\u671f\u3092\u5206\u3051\u3066\u898b\u308b\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u8a2d\u5099\u6295\u8cc7\u3068\u6e1b\u4fa1\u511f\u5374\u304c\u4eca\u5f8c\u306e\u5229\u76ca\u7387\u3092\u5de6\u53f3\u3059\u308b<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">26\u5e74\u306e\u6e1b\u4fa1\u511f\u5374\u8cbb\u8a08\u753b\u306f\u524d\u5e74\u5b9f\u7e3e\u3092\u5927\u304d\u304f\u4e0a\u56de\u308a\u307e\u3059\u3002\u8a2d\u5099\u304c\u5897\u3048\u308b\u3068\u3001\u7a3c\u50cd\u5f8c\u3082\u511f\u5374\u8cbb\u304c\u7d9a\u304f\u305f\u3081\u3001<span class=\"swl-marker mark_yellow\"><strong>\u5897\u7523\u3057\u305f\u8a2d\u5099\u304b\u3089\u3069\u308c\u3060\u3051\u58f2\u4e0a\u3092\u5f97\u3089\u308c\u308b\u304b\u304c\u63a1\u7b97\u3092\u5de6\u53f3\u3057\u307e\u3059\u3002<\/strong><\/span><\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th>\u8cbb\u7528(\u5104\u5186)<\/th><th>25\u5e74\u5b9f\u7e3e<\/th><th>26\u5e74\u8a08\u753b<\/th><\/tr><\/thead><tbody><tr><td>\u6e1b\u4fa1\u511f\u5374\u8cbb<\/td><td>54.94<\/td><td>94<\/td><\/tr><tr><td>\u7814\u7a76\u958b\u767a\u8cbb<\/td><td>66.19<\/td><td>89<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\u7814\u7a76\u958b\u767a\u8cbb\u3082\u5897\u3048\u308b\u8a08\u753b\u3067\u3001\u6b21\u306e\u88fd\u54c1\u306b\u5411\u3051\u305f\u8cbb\u7528\u3092\u62b1\u3048\u306a\u304c\u3089\u751f\u7523\u3092\u62e1\u5927\u3059\u308b\u5f62\u3067\u3059\u3002\u8ca9\u58f2\u304c\u9806\u8abf\u306b\u5897\u3048\u308c\u3070\u58f2\u4e0a\u306b\u5bfe\u3059\u308b\u56fa\u5b9a\u8cbb\u306e\u8ca0\u62c5\u306f\u8584\u307e\u308a\u307e\u3059\u304c\u3001\u8a2d\u5099\u306e\u7a3c\u50cd\u304c\u920d\u308b\u3068\u8ca0\u62c5\u304c\u6b8b\u308a\u307e\u3059\u3002\u6295\u8cc7\u984d\u306e\u5927\u304d\u3055\u3088\u308a\u3001\u7a3c\u50cd\u5f8c\u306e\u58f2\u4e0a\u3068\u5229\u76ca\u7387\u306e\u7d44\u307f\u5408\u308f\u305b\u304c\u91cd\u8981\u3067\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u55b6\u696dCF\u3068\u624b\u5143\u8cc7\u91d1\u304b\u3089\u5897\u7523\u6295\u8cc7\u306e\u8ca0\u62c5\u3092\u8abf\u3079\u308b<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u4e0a\u671f\u306e\u55b6\u696d\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc(CF)\u306f\u3001\u8a2d\u5099\u306a\u3069\u3092\u8cb7\u3046\u6295\u8cc7CF\u306e\u652f\u51fa\u3092\u4e0a\u56de\u308a\u307e\u3057\u305f\u3002<strong>\u55b6\u696dCF\u3068\u6295\u8cc7CF\u306e\u5408\u8a08\u3082\u30d7\u30e9\u30b9\u3067\u3059\u3002<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th>26\u5e74\u4e0a\u671f<\/th><th>\u5104\u5186<\/th><\/tr><\/thead><tbody><tr><td>\u55b6\u696dCF<\/td><td>121.65<\/td><\/tr><tr><td>\u6295\u8cc7CF<\/td><td>-75.05<\/td><\/tr><tr><td>\u4e21\u8005\u306e\u5408\u8a08<\/td><td>46.60<\/td><\/tr><tr><td>\u671f\u672b\u73fe\u91d1\u540c\u7b49\u7269<\/td><td>179.50<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\u6709\u5f62\u56fa\u5b9a\u8cc7\u7523\u306e\u53d6\u5f97\u652f\u51fa\u306f76.51\u5104\u5186\u3067\u3057\u305f\u3002\u5e74\u9593\u8a2d\u5099\u6295\u8cc7\u8a08\u753b\u306f\u4f1a\u8a08\u4e0a\u306e\u6295\u8cc7\u984d\u306a\u306e\u3067\u3001\u4e0a\u671f\u306e\u73fe\u91d1\u652f\u51fa\u3068\u76f4\u63a5\u306f\u6bd4\u3079\u3089\u308c\u307e\u305b\u3093\u3002\u4eca\u5f8c\u3082\u55b6\u696dCF\u3067\u6295\u8cc7\u3092\u652f\u3048\u3089\u308c\u308b\u304b\u304c\u8cc7\u91d1\u9762\u306e\u78ba\u8a8d\u70b9\u3067\u3059\u30023Q\u306bCF\u306e\u958b\u793a\u304c\u306a\u3051\u308c\u3070\u3001\u58f2\u4e0a\u50b5\u6a29\u30fb\u5728\u5eab\u30fb\u73fe\u91d1\u30fb\u501f\u5165\u91d1\u306e\u52d5\u304d\u3067\u88dc\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u4eca\u5f8c\u306e\u682a\u4fa1\u306f11\u6708\u6c7a\u7b97\u3068\u5897\u7523\u52b9\u679c\u306e\u6301\u7d9a\u304c\u7126\u70b9<\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"1200\" height=\"675\" src=\"https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/micronics-outlook-h2-05.jpg\" alt=\"\u4eca\u5f8c\u306e\u682a\u4fa1\u306f11\u6708\u6c7a\u7b97\u3068\u5897\u7523\u52b9\u679c\u306e\u6301\u7d9a\u304c\u7126\u70b9\" class=\"wp-image-19520\" srcset=\"https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/micronics-outlook-h2-05.jpg 1200w, https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/micronics-outlook-h2-05-300x169.jpg 300w, https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/micronics-outlook-h2-05-768x432.jpg 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\u6b21\u306e3Q\u6c7a\u7b97\u306f11\u670812\u65e515\u664230\u5206\u306e\u767a\u8868\u4e88\u5b9a\u3067\u3059\u3002<span class=\"swl-marker mark_yellow\"><strong>\u4f1a\u793e\u8a08\u753b\u3078\u306e\u5230\u9054\u5ea6\u3068\u3001\u524d\u5012\u3057\u5f8c\u306e\u51fa\u8377\u30fb\u63a1\u7b97\u3092\u4f75\u305b\u3066\u78ba\u304b\u3081\u307e\u3059\u3002<\/strong><\/span>\u7d2f\u8a08\u306e\u5b9f\u7e3e\u3060\u3051\u3067\u306f\u56db\u534a\u671f\u306e\u5909\u5316\u304c\u96a0\u308c\u308b\u305f\u3081\u30017\u301c9\u6708\u671f\u3092\u5207\u308a\u51fa\u3057\u305f\u6bd4\u8f03\u3082\u5f79\u7acb\u3061\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">11\u670812\u65e5\u306f3Q\u7d2f\u8a08\u55b6\u696d\u5229\u76ca224\u5104\u5186\u306e\u9054\u6210\u5ea6\u3092\u78ba\u8a8d<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">11\u670812\u65e5\u306e3Q\u6c7a\u7b97\u3067\u306f\u30011\u301c9\u6708\u306e\u7d2f\u8a08\u5b9f\u7e3e\u3092\u4f1a\u793e\u4e88\u60f3\u306e\u58f2\u4e0a\u9ad8742\u5104\u5186\u3001\u55b6\u696d\u5229\u76ca224\u5104\u5186\u3068\u6bd4\u3079\u307e\u3059\u3002<span class=\"swl-marker mark_yellow\"><strong>\u7d2f\u8a08\u8a08\u753b\u3078\u306e\u5230\u9054\u5ea6\u306b\u52a0\u3048\u3001\u901a\u671f\u4e88\u60f3\u304c\u7dad\u6301\u30fb\u6539\u5584\u3055\u308c\u308b\u304b<\/strong><\/span>\u304c\u682a\u4fa1\u8a55\u4fa1\u3092\u652f\u3048\u308b\u6761\u4ef6\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u55b6\u696d\u5229\u76ca\u304c\u8a08\u753b\u3092\u4e0a\u56de\u3063\u3066\u3082\u3001\u8ca9\u58f2\u6570\u91cf\u306e\u5897\u52a0\u3060\u3051\u304c\u7406\u7531\u3068\u306f\u9650\u308a\u307e\u305b\u3093\u3002\u9ad8\u4ed8\u52a0\u4fa1\u5024\u54c1\u306e\u6bd4\u7387\u3084\u8cbb\u7528\u306e\u5909\u5316\u307e\u3067\u78ba\u8a8d\u3059\u308b\u3068\u3001\u5897\u76ca\u306e\u6301\u7d9a\u6027\u3092\u8aad\u307f\u53d6\u308a\u3084\u3059\u304f\u306a\u308a\u307e\u3059\u3002\u672a\u9054\u306e\u539f\u56e0\u304c\u51fa\u8377\u6642\u671f\u306e\u305a\u308c\u306b\u3068\u3069\u307e\u308b\u5834\u5408\u306b\u6bd4\u3079\u3001\u9700\u8981\u6e1b\u901f\u3092\u7406\u7531\u3068\u3059\u308b\u901a\u671f\u4e0b\u65b9\u4fee\u6b63\u306f\u3001\u6210\u9577\u3078\u306e\u671f\u5f85\u3092\u4e0b\u3052\u308b\u6750\u6599\u3067\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u4f1a\u793e\u4e88\u60f3\u304b\u3089\u9006\u7b97\u3057\u305f7\uff5e9\u6708\u671f\u306e\u5229\u76ca\u7387\u306f\u7d0427.4%<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">3Q\u7d2f\u8a08\u4e88\u60f3\u304b\u3089\u4e0a\u671f\u5b9f\u7e3e\u3092\u5dee\u3057\u5f15\u304f\u3068\u30017\u301c9\u6708\u671f\u306e\u8a08\u753b\u76f8\u5f53\u984d\u306f\u4ee5\u4e0b\u306b\u306a\u308a\u307e\u3059\u3002<strong>\u4f1a\u793e\u304c\u5358\u72ec\u56db\u534a\u671f\u306e\u4e88\u60f3\u3068\u3057\u3066\u516c\u8868\u3057\u305f\u6570\u5024\u3067\u306f\u306a\u304f\u3001\u516c\u958b\u5024\u304b\u3089\u306e\u9006\u7b97\u3067\u3059\u3002<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th>7\u301c9\u6708\u671f\u306e\u8a08\u753b\u76f8\u5f53<\/th><th>\u6570\u5024<\/th><\/tr><\/thead><tbody><tr><td>\u58f2\u4e0a\u9ad8<\/td><td>249.94\u5104\u5186<\/td><\/tr><tr><td>\u55b6\u696d\u5229\u76ca<\/td><td>68.43\u5104\u5186<\/td><\/tr><tr><td>\u55b6\u696d\u5229\u76ca\u7387<\/td><td>\u7d0427.4%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">2Q\u304b\u3089\u5229\u76ca\u7387\u304c\u4e0b\u304c\u3063\u3066\u3082\u3001\u58f2\u4e0a\u30fb\u55b6\u696d\u5229\u76ca\u304c\u3053\u306e\u6c34\u6e96\u306b\u5c4a\u3051\u3070\u3001\u7d2f\u8a08\u8a08\u753b\u306b\u6cbf\u3063\u305f\u63a8\u79fb\u3067\u3059\u3002\u4e00\u65b9\u3001\u58f2\u4e0a\u304c\u8a08\u753b\u76f8\u5f53\u3092\u4e0b\u56de\u308c\u3070\u3001\u540c\u3058\u5229\u76ca\u7387\u3067\u3082\u55b6\u696d\u5229\u76ca\u984d\u306f\u4e0d\u8db3\u3057\u307e\u3059\u3002\u540c\u3058\u65b9\u6cd5\u306710\u301c12\u6708\u671f\u3092\u9006\u7b97\u3059\u308b\u3068\u58f2\u4e0a296\u5104\u5186\u3001\u55b6\u696d\u5229\u76ca90\u5104\u5186\u3001\u5229\u76ca\u7387\u306f\u7d0430.4%\u3067\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u5897\u7523\u5f8c\u3082\u30e1\u30e2\u30ea\u30fc\u5411\u3051\u306e\u9700\u8981\u304c\u7d9a\u304f\u304b<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u53d7\u6ce8\u9ad8\u30fb\u53d7\u6ce8\u6b8b\u9ad8\u306e\u6570\u5024\u516c\u8868\u306f2025\u5e74\u5ea6\u3067\u7d42\u4e86\u3057\u307e\u3057\u305f\u30028\u6708\u306b\u306f\u53d7\u6ce8\u304c\u524d\u56db\u534a\u671f\u6bd4\u3067\u5897\u3048\u305f\u3068\u5b9a\u6027\u7684\u306b\u8aac\u660e\u3055\u308c\u3066\u3044\u307e\u3059\u3002\u4eca\u5f8c\u306f<strong>\u30e1\u30e2\u30ea\u30fc\u5411\u3051\u58f2\u4e0a\u3001\u4f1a\u793e\u306e\u9700\u8981\u8aac\u660e\u3001\u8a2d\u5099\u306e\u7a3c\u50cd\u72b6\u6cc1<\/strong>\u3092\u7d44\u307f\u5408\u308f\u305b\u3066\u3001\u5897\u7523\u52b9\u679c\u306e\u6301\u7d9a\u3092\u78ba\u304b\u3081\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u9867\u5ba2\u5074\u3067\u306fMicron\u304c9\u670830\u65e5\u30012026\u5e74\u5ea64Q\u58f2\u4e0a542.29\u5104\u30c9\u30eb\u3001\u6b21\u56db\u534a\u671f\u4e88\u60f3615\u5104\u30c9\u30eb\u00b115\u5104\u30c9\u30eb\u3092\u516c\u8868\u3057\u307e\u3057\u305f\u3002\u3053\u306e\u9867\u5ba2\u6c7a\u7b97\u306f\u30e1\u30e2\u30ea\u30fc\u9700\u8981\u306e\u5f37\u3055\u3092\u78ba\u304b\u3081\u308b\u8cc7\u6599\u3068\u3057\u3066\u4f7f\u3044\u3001\u65e5\u672c\u30de\u30a4\u30af\u30ed\u30cb\u30af\u30b9\u3078\u306e\u6ce2\u53ca\u306f\u81ea\u793e\u306e\u51fa\u8377\u5b9f\u7e3e\u3067\u8ffd\u3044\u307e\u3059\u3002\u9867\u5ba2\u306e\u5897\u53ce\u898b\u901a\u3057\u306b\u3001\u81ea\u793e\u306e\u8ca9\u58f2\u5897\u304c\u4f34\u3046\u304b\u304c\u6b21\u306e\u78ba\u8a8d\u70b9\u3067\u3059\u3002<\/p>\n\n\n<p class=\"n_link\"><a href=\"https:\/\/jioinc.jp\/investleaders\/analysis_mu\/\">[\u95a2\u9023]\u30de\u30a4\u30af\u30ed\u30f3\u3001\u904e\u53bb\u6700\u9ad8\u6c7a\u7b97\u3068\u5f37\u6c17\u898b\u901a\u3057\uff5c\u682a\u4fa1\u306e\u4eca\u5f8c\u3092\u30e1\u30e2\u30ea\u30fc\u4e0d\u8db3\u3068\u5897\u7523\u6295\u8cc7\u304b\u3089\u8aad\u3080<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u9867\u5ba2\u96c6\u4e2d\u3068\u9700\u8981\u6e1b\u901f\u304c\u682a\u4fa1\u306e\u4e0a\u6607\u3092\u920d\u3089\u305b\u308b\u30ea\u30b9\u30af<\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"1200\" height=\"675\" src=\"https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/micronics-outlook-h2-06.jpg\" alt=\"\u9867\u5ba2\u96c6\u4e2d\u3068\u9700\u8981\u6e1b\u901f\u304c\u682a\u4fa1\u306e\u4e0a\u6607\u3092\u920d\u3089\u305b\u308b\u30ea\u30b9\u30af\" class=\"wp-image-19521\" srcset=\"https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/micronics-outlook-h2-06.jpg 1200w, https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/micronics-outlook-h2-06-300x169.jpg 300w, https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/micronics-outlook-h2-06-768x432.jpg 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\u9700\u8981\u304c\u62e1\u5927\u3057\u3066\u3044\u3066\u3082\u3001\u9867\u5ba2\u306e\u6295\u8cc7\u65b9\u91dd\u3084\u88fd\u54c1\u9078\u5b9a\u304c\u5909\u308f\u308c\u3070\u3001\u65e5\u672c\u30de\u30a4\u30af\u30ed\u30cb\u30af\u30b9\u306e\u6210\u9577\u306b\u5f71\u97ff\u3057\u307e\u3059\u3002<strong>\u9867\u5ba2\u306e\u504f\u308a\u3068\u6280\u8853\u7af6\u4e89\u306f\u5229\u76ca\u3092\u63fa\u3089\u3057\u3001\u6210\u9577\u671f\u5f85\u306e\u5909\u5316\u306fPER\u306b\u3082\u97ff\u304d\u307e\u3059\u3002<\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">25\u5e74\u306f\u4e0a\u4f4d2\u793e\u3067\u58f2\u4e0a\u306e71.3%\u3092\u5360\u3081\u3001\u767a\u6ce8\u306e\u5909\u5316\u304c\u97ff\u304f<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">25\u5e7412\u6708\u671f\u306e\u58f2\u4e0a\u9ad8\u306b\u5360\u3081\u308b\u5272\u5408\u306f\u3001Samsung Electronics\u5411\u3051\u304c49.9%\u3001Micron Memory Taiwan\u5411\u3051\u304c21.4%\u3067\u3057\u305f\u3002\u6709\u4fa1\u8a3c\u5238\u5831\u544a\u66f8\u3067\u78ba\u8a8d\u3067\u304d\u308b<strong>\u4e0a\u4f4d2\u793e\u306e\u5408\u8a08\u306f71.3%<\/strong>\u3067\u3001\u5f53\u6642\u306e\u58f2\u4e0a\u306e7\u5272\u8d85\u304c2\u793e\u306b\u96c6\u4e2d\u3057\u3066\u3044\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u9867\u5ba2\u304c\u8a2d\u5099\u6295\u8cc7\u3092\u5897\u3084\u3059\u5834\u5408\u3067\u3082\u3001\u3069\u306e\u88fd\u54c1\u3092\u63a1\u7528\u3057\u3001\u3044\u3064\u767a\u6ce8\u3059\u308b\u304b\u306f\u500b\u5225\u306e\u8a08\u753b\u306b\u5de6\u53f3\u3055\u308c\u307e\u3059\u3002\u6700\u7d42\u9700\u8981\u304c\u5f37\u3044\u307e\u307e\u3067\u3082\u3001\u767a\u6ce8\u306e\u9045\u308c\u306b\u3088\u3063\u3066\u691c\u67fb\u88fd\u54c1\u306e\u51fa\u8377\u304c\u305a\u308c\u308c\u3070\u3001\u305d\u306e\u56db\u534a\u671f\u306e\u58f2\u4e0a\u3092\u62bc\u3057\u4e0b\u3052\u308b\u8981\u56e0\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u6280\u8853\u7af6\u4e89\u3068\u30b3\u30b9\u30c8\u4e0a\u6607\u304c\u30d7\u30ed\u30fc\u30d6\u30ab\u30fc\u30c9\u306e\u63a1\u7b97\u3092\u5727\u8feb\u3059\u308b<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u9ad8\u96e3\u5ea6\u306e\u691c\u67fb\u306b\u5bfe\u5fdc\u3059\u308b\u6280\u8853\u529b\u306f\u3001\u540c\u793e\u304c\u9ad8\u3044\u63a1\u7b97\u3092\u4fdd\u3064\u6761\u4ef6\u306e\u4e00\u3064\u3067\u3059\u3002\u7c73FormFactor\u3082HBM\u30fb\u6c4e\u7528DRAM\u5411\u3051\u306e\u30d7\u30ed\u30fc\u30d6\u30ab\u30fc\u30c9\u3092\u63d0\u4f9b\u3057\u3066\u304a\u308a\u3001<strong>\u6b21\u4e16\u4ee3\u306e\u7cbe\u5ea6\u3084\u7d0d\u671f\u3067\u5f8c\u308c\u3092\u53d6\u308c\u3070\u3001\u63a1\u7528\u3092\u5931\u3046\u304a\u305d\u308c\u304c\u3042\u308a\u307e\u3059\u3002<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u6709\u4fa1\u8a3c\u5238\u5831\u544a\u66f8\u304c\u6319\u3052\u308b\u30ea\u30b9\u30af\u306f\u3001\u7af6\u5408\u6280\u8853\u306e\u5148\u884c\u306b\u52a0\u3048\u3001\u4ee3\u66ff\u3057\u306b\u304f\u3044\u90e8\u6750\u3084\u5916\u6ce8\u52a0\u5de5\u306e\u4f9b\u7d66\u9045\u5ef6\u30fb\u54c1\u8cea\u554f\u984c\u3067\u3059\u3002\u9700\u8981\u304c\u3042\u3063\u3066\u3082\u88fd\u54c1\u3092\u7d0d\u3081\u3089\u308c\u306a\u3051\u308c\u3070\u58f2\u4e0a\u306e\u6a5f\u4f1a\u3092\u5931\u3044\u3001\u6280\u8853\u5bfe\u5fdc\u306e\u9045\u308c\u3067\u9ad8\u4ed8\u52a0\u4fa1\u5024\u54c1\u306e\u6bd4\u7387\u304c\u4e0b\u304c\u308b\u3068\u63a1\u7b97\u3082\u60aa\u5316\u3057\u307e\u3059\u3002\u958b\u767a\u30fb\u8abf\u9054\u8cbb\u7528\u304c\u81a8\u3089\u3081\u3070\u3001\u51fa\u8377\u3092\u78ba\u4fdd\u3057\u3066\u3082\u5229\u76ca\u304c\u4f38\u3073\u306b\u304f\u304f\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u597d\u696d\u7e3e\u3067\u3082\u6210\u9577\u7387\u304c\u920d\u308c\u3070PER\u304c\u4e0b\u304c\u308b\u5834\u5408\u304c\u3042\u308b<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u5229\u76ca\u304c\u5897\u3048\u3066\u3082\u3001\u6295\u8cc7\u5bb6\u306e\u671f\u5f85\u307b\u3069\u4f38\u3073\u306a\u3051\u308c\u3070PER\u304c\u4e0b\u304c\u308a\u3001\u682a\u4fa1\u304c\u4e0b\u843d\u3059\u308b\u5834\u5408\u304c\u3042\u308a\u307e\u3059\u3002<span class=\"swl-marker mark_yellow\"><strong>\u4eca\u671f\u306e\u597d\u696d\u7e3e\u3068\u3001\u4eca\u306e\u682a\u4fa1\u3067\u8cb7\u3044\u3084\u3059\u3044\u304b\u306f\u5225\u306e\u554f\u984c\u3067\u3059\u3002<\/strong><\/span>\u6765\u671f\u4ee5\u964d\u306e\u6210\u9577\u304c\u4fa1\u683c\u3092\u652f\u3048\u3089\u308c\u308b\u304b\u307e\u3067\u8003\u3048\u308b\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u696d\u7e3e\u306b\u3082\u6ce2\u304c\u3042\u308a\u300123\u5e7412\u6708\u671f\u306e\u55b6\u696d\u5229\u76ca\u306f53.12\u5104\u5186\u3068\u3001\u524d\u5e74\u306e92.25\u5104\u5186\u304b\u3089\u6e1b\u308a\u307e\u3057\u305f\u3002\u73fe\u5728\u306e\u5897\u76ca\u7387\u3092\u305d\u306e\u307e\u307e\u5148\u3078\u5ef6\u3070\u3059\u306b\u306f\u614e\u91cd\u3055\u304c\u5fc5\u8981\u3067\u3059\u300227\u5e7412\u6708\u671f\u306e\u4f1a\u793e\u4e88\u60f3\u306f\u307e\u3060\u516c\u8868\u3055\u308c\u3066\u304a\u3089\u305a\u3001\u4eca\u5f8c\u793a\u3055\u308c\u308b\u5229\u76ca\u8a08\u753b\u3068\u5897\u7523\u8a2d\u5099\u306e\u7a3c\u50cd\u304c\u3001\u6210\u9577\u671f\u5f85\u3092\u88cf\u4ed8\u3051\u308b\u304b\u3092\u78ba\u8a8d\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u307e\u3068\u3081\uff5c\u65e5\u672c\u30de\u30a4\u30af\u30ed\u30cb\u30af\u30b9\u306e\u4eca\u5f8c\u306f\u5897\u76ca\u306e\u6301\u7d9a\u3068\u682a\u4fa1\u6c34\u6e96\u3092\u7167\u3089\u3059<\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"1200\" height=\"675\" src=\"https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/micronics-outlook-h2-07.jpg\" alt=\"\u307e\u3068\u3081\uff5c\u65e5\u672c\u30de\u30a4\u30af\u30ed\u30cb\u30af\u30b9\u306e\u4eca\u5f8c\u306f\u5897\u76ca\u306e\u6301\u7d9a\u3068\u682a\u4fa1\u6c34\u6e96\u3092\u7167\u3089\u3059\" class=\"wp-image-19522\" srcset=\"https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/micronics-outlook-h2-07.jpg 1200w, https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/micronics-outlook-h2-07-300x169.jpg 300w, https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/micronics-outlook-h2-07-768x432.jpg 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" 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