{"id":7863,"date":"2026-05-07T14:58:18","date_gmt":"2026-05-07T05:58:18","guid":{"rendered":"https:\/\/jioinc.jp\/investleaders\/?p=7863"},"modified":"2026-05-07T15:08:28","modified_gmt":"2026-05-07T06:08:28","slug":"stocindex_hidden_assets","status":"publish","type":"post","link":"https:\/\/jioinc.jp\/investleaders\/stocindex_hidden_assets\/","title":{"rendered":"\u542b\u307f\u8cc7\u7523\u3068\u306f?\u521d\u5fc3\u8005\u5411\u3051\u306b\u542b\u307f\u8cc7\u7523\u682a\u306e\u898b\u3064\u3051\u65b9\u3084\u5b9f\u8ceaPBR\u306e\u8a08\u7b97\u65b9\u6cd5\u3092\u89e3\u8aac"},"content":{"rendered":"\n<p>\u542b\u307f\u8cc7\u7523\u3068\u306f\u3001\u4f01\u696d\u304c\u5e33\u7c3f(\u6c7a\u7b97\u66f8)\u306b\u8a18\u9332\u3057\u3066\u3044\u308b\u91d1\u984d\u3088\u308a\u3082\u3001<strong><span class=\"swl-marker mark_yellow\">\u5b9f\u969b\u306e\u5e02\u5834\u4fa1\u5024(\u6642\u4fa1)\u306e\u65b9\u304c\u9ad8\u3044\u8cc7\u7523<\/span><\/strong>\u3092\u6307\u3057\u307e\u3059\u3002<br>\u300c\u8ca1\u52d9\u8af8\u8868\u306b\u306f\u8f09\u3063\u3066\u3044\u306a\u3044\u96a0\u308c\u305f\u4fa1\u5024\u300d\u3067\u3001\u6295\u8cc7\u5bb6\u306e\u9593\u3067\u306f\u300c\u542b\u307f\u76ca\u300d\u3068\u3082\u547c\u3070\u308c\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u542b\u307f\u8cc7\u7523\u306f\u3001\u571f\u5730\u3084\u4e0d\u52d5\u7523\u3092\u5927\u91cf\u306b\u4fdd\u6709\u3059\u308b\u8001\u8217\u306e\u88fd\u9020\u696d\u30fb\u5009\u5eab\u696d\u30fb\u5546\u793e\u3001\u307e\u305f\u306f\u682a\u5f0f\u3092\u9577\u671f\u4fdd\u6709\u3057\u3066\u3044\u308b\u4f01\u696d\u306b\u591a\u304f\u898b\u3089\u308c\u307e\u3059\u3002<br>\u672c\u8a18\u4e8b\u3067\u306f\u3001<strong><span class=\"swl-marker mark_yellow\">\u542b\u307f\u8cc7\u7523\u306e\u57fa\u672c\u7684\u306a\u610f\u5473\u304b\u3089\u3001\u542b\u307f\u8cc7\u7523\u682a\u306e\u898b\u3064\u3051\u65b9\u30fb\u5b9f\u8cea<a href=\"https:\/\/jioinc.jp\/investleaders\/stocindex_pbr\/\" data-type=\"post\" data-id=\"1600\">PBR(\u682a\u4fa1\u7d14\u8cc7\u7523\u500d\u7387<\/a>)\u306e\u8a08\u7b97\u65b9\u6cd5\u30fb\u6295\u8cc7\u3059\u308b\u3068\u304d\u306e\u6ce8\u610f\u70b9\u307e\u3067\u3092\u3001\u6295\u8cc7\u3092\u59cb\u3081\u305f\u3070\u304b\u308a\u306e\u65b9\u306b\u3082\u308f\u304b\u308a\u3084\u3059\u304f\u89e3\u8aac<\/span><\/strong>\u3057\u307e\u3059\u3002<\/p>\n\n\n<div class=\"p-blogParts post_content\" data-partsID=\"1140\">\n<div class=\"swell-block-button red_ is-style-btn_normal\"><a href=\"https:\/\/jioinc.jp\/investleaders\/lp01\/\" class=\"swell-block-button__link\" data-has-icon=\"1\"><svg class=\"__icon\" height=\"1em\" width=\"1em\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" viewBox=\"0 0 48 48\"><path d=\"M25.2 24.7 46 9.5V9c0-1.1-.9-2-2-2H4c-1.1 0-2 .9-2 2v.5l20.8 15.1c.7.6 1.7.6 2.4.1z\"><\/path><path d=\"M22.8 29.6 2 14.5V38c0 1.7 1.3 3 3 3h38c1.7 0 3-1.3 3-3V14.5L25.2 29.6c-.7.5-1.7.5-2.4 0z\"><\/path><\/svg><span>\u6025\u9a30\u671f\u5f85\uff13\u9298\u67c4\u3092\u7121\u6599\u3067\u53d7\u3051\u53d6\u308b<\/span><\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">\u542b\u307f\u8cc7\u7523\u3068\u306f\uff5c\u5e33\u7c3f\u306b\u8f09\u3089\u306a\u3044\u300c\u96a0\u308c\u305f\u4fa1\u5024\u300d\u3092\u308f\u304b\u308a\u3084\u3059\u304f\u89e3\u8aac<\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"1672\" height=\"941\" src=\"https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/4d21ac9d33eb816f6c0885b783a15e02.jpg\" alt=\"\" class=\"wp-image-9773\" srcset=\"https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/4d21ac9d33eb816f6c0885b783a15e02.jpg 1672w, https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/4d21ac9d33eb816f6c0885b783a15e02-300x169.jpg 300w, https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/4d21ac9d33eb816f6c0885b783a15e02-768x432.jpg 768w, https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/4d21ac9d33eb816f6c0885b783a15e02-1536x864.jpg 1536w\" sizes=\"(max-width: 1672px) 100vw, 1672px\" \/><\/figure>\n\n\n\n<p>\u542b\u307f\u8cc7\u7523\u3068\u306f\u3001<strong><span class=\"swl-marker mark_yellow\">\u4f01\u696d\u304c\u5b9f\u969b\u306b\u4fdd\u6709\u3059\u308b\u8cc7\u7523\u306e\u73fe\u5728\u4fa1\u5024\u304c\u3001\u5e33\u7c3f\u306b\u8a18\u9332\u3055\u308c\u305f\u91d1\u984d(\u7c3f\u4fa1)\u3092\u4e0a\u56de\u3063\u3066\u3044\u308b\u72b6\u614b<\/span><\/strong>\u3092\u6307\u3057\u307e\u3059\u3002\u571f\u5730\u30fb\u682a\u5f0f\u30fb\u5efa\u7269\u306a\u3069\u5e45\u5e83\u3044\u8cc7\u7523\u3067\u767a\u751f\u3057\u3001\u5e33\u7c3f\u3060\u3051\u3092\u898b\u3066\u3082\u898b\u3048\u3066\u3053\u306a\u3044\u300c\u96a0\u308c\u305f\u4f01\u696d\u4fa1\u5024\u300d\u3068\u3057\u3066\u6295\u8cc7\u5bb6\u306b\u91cd\u8996\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u4f01\u696d\u306e\u8ca1\u7523\u306f<a href=\"https:\/\/jioinc.jp\/investleaders\/funda_bs\/\" data-type=\"post\" data-id=\"2111\">\u8cb8\u501f\u5bfe\u7167\u8868(\u30d0\u30e9\u30f3\u30b9\u30b7\u30fc\u30c8)<\/a>\u306b\u8a18\u9332\u3055\u308c\u3066\u3044\u307e\u3059\u3002<br>\u8cb8\u501f\u5bfe\u7167\u8868\u3068\u306f\u3001\u4f01\u696d\u304c\u4f55\u3092\u6301\u3063\u3066\u3044\u3066\u3001\u305d\u308c\u3092\u3069\u3046\u3084\u3063\u3066\u8abf\u9054\u3057\u305f\u304b\u3092\u4e00\u89a7\u306b\u3057\u305f\u8ca1\u52d9\u66f8\u985e\u3067\u3059\u3002<br><br>\u305f\u3060\u3057<strong><span class=\"swl-marker mark_yellow\">\u571f\u5730\u306a\u3069\u306e\u8cc7\u7523\u306f\u3001\u4fa1\u5024\u304c\u4e0a\u6607\u3057\u3066\u3044\u305f\u3068\u3057\u3066\u3082\u8cfc\u5165\u3057\u305f\u3068\u304d\u306e\u91d1\u984d(\u7c3f\u4fa1)\u306e\u307e\u307e\u8a18\u9332\u3055\u308c\u7d9a\u3051\u307e\u3059<\/span><\/strong>\u3002<br>\u5e33\u7c3f\u3092\u898b\u308b\u3060\u3051\u3067\u306f\u6c17\u3065\u304b\u306a\u3044\u96a0\u308c\u305f\u4fa1\u5024\u304c\u4f01\u696d\u306b\u306f\u3042\u308b\u308f\u3051\u3067\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u542b\u307f\u8cc7\u7523\u306e\u8a08\u7b97\u5f0f\uff5c\u8cc7\u7523\u306e\u6642\u4fa1 \u2013 \u5e33\u7c3f\u4fa1\u683c(\u7c3f\u4fa1)<\/h3>\n\n\n\n<p>\u542b\u307f\u8cc7\u7523(\u542b\u307f\u76ca)\u306f\u3001\u6b21\u306e\u30b7\u30f3\u30d7\u30eb\u306a\u5f0f\u3067\u8a08\u7b97\u3067\u304d\u307e\u3059\u3002<\/p>\n\n\n\n<p><strong><span class=\"swl-marker mark_yellow\">\u542b\u307f\u76ca = \u8cc7\u7523\u306e\u6642\u4fa1(\u73fe\u5728\u306e\u5e02\u5834\u4fa1\u683c) \u2013 \u5e33\u7c3f\u4fa1\u683c(\u7c3f\u4fa1)<\/span><\/strong><\/p>\n\n\n\n<p>\u5177\u4f53\u4f8b\u3067\u78ba\u8a8d\u3057\u307e\u3057\u3087\u3046\u3002<br>50\u5e74\u524d\u306b5\u5104\u5186\u3067\u8cfc\u5165\u3057\u305f\u571f\u5730\u304c\u3001\u73fe\u5728\u306e\u6642\u4fa1\u3067\u306f50\u5104\u5186\u306b\u306a\u3063\u3066\u3044\u308b\u3068\u3057\u307e\u3059\u3002<br>\u3053\u306e\u3068\u304d\u542b\u307f\u76ca\u306f\u300c50\u5104\u5186 \u2013 5\u5104\u5186 = 45\u5104\u5186\u300d\u3067\u3059\u3002<br>\u3053\u306e45\u5104\u5186\u306f\u8cb8\u501f\u5bfe\u7167\u8868\u306b\u306f\u8f09\u3063\u3066\u3044\u307e\u305b\u3093\u304c\u3001\u4f01\u696d\u304c\u5b9f\u969b\u306b\u6301\u3063\u3066\u3044\u308b\u96a0\u308c\u305f\u8cc7\u7523\u4fa1\u5024\u306b\u3042\u305f\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u542b\u307f\u76ca\u30fb\u542b\u307f\u640d\u30fb\u7c3f\u5916\u8cc7\u7523\u306e\u9055\u3044<\/h3>\n\n\n\n<p>\u542b\u307f\u8cc7\u7523\u30fb\u542b\u307f\u76ca\u306e\u53cd\u5bfe\u304c\u300c\u542b\u307f\u640d\u300d\u3067\u3059\u3002<br>\u542b\u307f\u76ca\u306f\u6642\u4fa1\u304c\u7c3f\u4fa1\u3092\u4e0a\u56de\u308b\u72b6\u614b\u3067\u3001\u4eca\u58f2\u308c\u3070\u5229\u76ca\u306b\u306a\u308a\u307e\u3059\u3002<br>\u542b\u307f\u640d\u306f\u6642\u4fa1\u304c\u7c3f\u4fa1\u3092\u4e0b\u56de\u308b\u72b6\u614b\u3067\u3001\u4eca\u58f2\u308c\u3070\u640d\u5931\u306b\u306a\u308a\u307e\u3059\u3002<br>\u3069\u3061\u3089\u3082\u300c\u307e\u3060\u58f2\u3063\u3066\u3044\u306a\u3044\u306e\u3067\u5229\u76ca\u3084\u640d\u5931\u304c\u78ba\u5b9a\u3057\u3066\u3044\u306a\u3044\u300d\u70b9\u306f\u5171\u901a\u3067\u3059\u3002<\/p>\n\n\n\n<p>\u65e5\u672c\u306e\u4f1a\u8a08\u30eb\u30fc\u30eb\u3067\u306f\u3001\u542b\u307f\u76ca\u306f\u8cb8\u501f\u5bfe\u7167\u8868\u306b\u8a08\u4e0a\u3055\u308c\u307e\u305b\u3093(\u4e00\u90e8\u306e\u6709\u4fa1\u8a3c\u5238\u3092\u9664\u304f)\u3002<br>\u4e00\u65b9\u3001\u542b\u307f\u640d\u304c\u4e00\u5b9a\u306e\u57fa\u6e96\u3092\u8d85\u3048\u308b\u3068\u300c\u6e1b\u640d\u51e6\u7406\u300d\u3068\u3044\u3063\u3066\u3001\u640d\u5931\u3092\u5f37\u5236\u7684\u306b\u8a08\u4e0a\u3057\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u30eb\u30fc\u30eb\u304c\u3042\u308a\u307e\u3059\u3002<br><strong><span class=\"swl-marker mark_yellow\">\u542b\u307f\u76ca\u306f\u5b9f\u969b\u306b\u8cc7\u7523\u3092\u58f2\u5374\u3059\u308b\u307e\u3067\u5229\u76ca\u3068\u3057\u3066\u8a8d\u8b58\u3055\u308c\u306a\u3044<\/span><\/strong>\u70b9\u304c\u91cd\u8981\u3067\u3059\u3002<\/p>\n\n\n\n<p>\u307e\u305f\u3001\u542b\u307f\u8cc7\u7523\u306f\u8cb8\u501f\u5bfe\u7167\u8868\u306b\u8f09\u3063\u3066\u3044\u306a\u3044(\u307e\u305f\u306f\u4f4e\u304f\u8a55\u4fa1\u3055\u308c\u3066\u3044\u308b)\u6f5c\u5728\u7684\u306a\u4fa1\u5024\u3067\u3042\u308b\u305f\u3081\u300c<strong><span class=\"swl-marker mark_yellow\">\u7c3f\u5916\u8cc7\u7523<\/span><\/strong>\u300d\u3068\u3082\u547c\u3070\u308c\u307e\u3059\u3002<br>\u6295\u8cc7\u5bb6\u304c\u4f01\u696d\u306e\u672c\u5f53\u306e\u4fa1\u5024\u3092\u898b\u6975\u3081\u308b\u306b\u306f\u3001\u5e33\u7c3f\u4e0a\u306e\u7d14\u8cc7\u7523\u3060\u3051\u3067\u306a\u304f\u542b\u307f\u8cc7\u7523\u3092\u52a0\u3048\u305f\u300c\u5b9f\u8cea\u7d14\u8cc7\u7523\u300d\u306e\u8a08\u7b97\u304c\u6b20\u304b\u305b\u307e\u305b\u3093\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u542b\u307f\u8cc7\u7523\u304c\u751f\u307e\u308c\u308b\u8cc7\u7523\u306e\u7a2e\u985e<\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"1672\" height=\"941\" src=\"https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/fb2a52f014e90cd286dd69b0dbb7b47f.jpg\" alt=\"\" class=\"wp-image-9774\" srcset=\"https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/fb2a52f014e90cd286dd69b0dbb7b47f.jpg 1672w, https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/fb2a52f014e90cd286dd69b0dbb7b47f-300x169.jpg 300w, https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/fb2a52f014e90cd286dd69b0dbb7b47f-768x432.jpg 768w, https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/fb2a52f014e90cd286dd69b0dbb7b47f-1536x864.jpg 1536w\" sizes=\"(max-width: 1672px) 100vw, 1672px\" \/><\/figure>\n\n\n\n<p>\u542b\u307f\u8cc7\u7523\u306f\u4e0d\u52d5\u7523\u30fb\u6709\u4fa1\u8a3c\u5238\u30fb\u305d\u306e\u4ed6\u306e\u8cc7\u7523\u3068\u5e45\u5e83\u3044\u7a2e\u985e\u3067\u767a\u751f\u3057\u307e\u3059\u3002<br>\u305d\u308c\u305e\u308c\u306e\u7279\u5fb4\u3068\u6295\u8cc7\u5bb6\u304c\u78ba\u8a8d\u3059\u3079\u304d\u30dd\u30a4\u30f3\u30c8\u3092\u89e3\u8aac\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u4e0d\u52d5\u7523(\u571f\u5730\u30fb\u5efa\u7269)\uff5c\u6700\u3082\u898f\u6a21\u304c\u5927\u304d\u304f\u306a\u308a\u3084\u3059\u3044\u542b\u307f\u8cc7\u7523<\/h3>\n\n\n\n<p><strong><span class=\"swl-marker mark_yellow\">\u542b\u307f\u8cc7\u7523\u304c\u6700\u3082\u5927\u304d\u304f\u306a\u308a\u3084\u3059\u3044\u306e\u306f\u4e0d\u52d5\u7523(\u7279\u306b\u571f\u5730)<\/span><\/strong>\u3067\u3059\u3002<br>\u65e5\u672c\u306e\u4f1a\u8a08\u57fa\u6e96\u3067\u306f\u571f\u5730\u306f\u539f\u5247\u3068\u3057\u3066\u53d6\u5f97\u539f\u4fa1(\u8cb7\u3063\u305f\u3068\u304d\u306e\u5024\u6bb5)\u3067\u8a18\u9332\u3057\u3001\u4fa1\u5024\u304c\u4e0a\u304c\u3063\u3066\u3082\u8a55\u4fa1\u3092\u5909\u3048\u307e\u305b\u3093\u3002<br>\u6226\u5f8c\u3084\u9ad8\u5ea6\u6210\u9577\u671f\u306b\u5b89\u304f\u53d6\u5f97\u3057\u305f\u571f\u5730\u304c\u3001\u73fe\u5728\u3067\u306f\u6570\u5341\u500d\u30fb\u6570\u767e\u500d\u306e\u4fa1\u5024\u306b\u306a\u3063\u3066\u3044\u308b\u30b1\u30fc\u30b9\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u4e0d\u52d5\u7523\u306e\u542b\u307f\u76ca\u306f\u3001\u6c7a\u7b97\u66f8\u306e\u300c\u6ce8\u8a18\u300d(\u88dc\u8db3\u8aac\u660e\u306e\u30da\u30fc\u30b8)\u306b\u300c\u571f\u5730\u306e\u6642\u4fa1\u60c5\u5831\u300d\u3068\u3057\u3066\u958b\u793a\u3055\u308c\u308b\u30b1\u30fc\u30b9\u304c\u3042\u308a\u307e\u3059\u3002<br>\u305f\u3060\u3057\u5168\u3066\u306e\u4f01\u696d\u304c\u958b\u793a\u3057\u3066\u3044\u308b\u308f\u3051\u3067\u306f\u306a\u304f\u3001\u8def\u7dda\u4fa1\u30fb\u516c\u793a\u5730\u4fa1\u30fb\u4e0d\u52d5\u7523\u9451\u5b9a\u306a\u3069\u3092\u4f7f\u3063\u3066\u6295\u8cc7\u5bb6\u304c\u81ea\u5206\u3067\u6982\u7b97\u3092\u8a08\u7b97\u3057\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u30b1\u30fc\u30b9\u3082\u591a\u3044\u3067\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u6709\u4fa1\u8a3c\u5238(\u682a\u5f0f\u30fb\u50b5\u5238)\uff5c\u9577\u671f\u4fdd\u6709\u682a\u306e\u5024\u4e0a\u304c\u308a\u76ca<\/h3>\n\n\n\n<p>\u9577\u5e74\u6301\u3061\u7d9a\u3051\u3066\u3044\u308b\u682a\u5f0f(\u653f\u7b56\u4fdd\u6709\u682a\u30fb\u6301\u5408\u3044\u682a)\u306e\u5024\u4e0a\u304c\u308a\u306b\u3088\u308b\u542b\u307f\u76ca\u3082\u3001\u65e5\u672c\u4f01\u696d\u306b\u591a\u304f\u898b\u3089\u308c\u308b\u542b\u307f\u8cc7\u7523\u3067\u3059\u3002<br>\u300c\u305d\u306e\u4ed6\u6709\u4fa1\u8a3c\u5238(\u58f2\u8cb7\u76ee\u7684\u3067\u3082\u6e80\u671f\u4fdd\u6709\u76ee\u7684\u3067\u3082\u306a\u3044\u6709\u4fa1\u8a3c\u5238)\u300d\u306f\u6642\u4fa1\u8a55\u4fa1\u304c\u7fa9\u52d9\u3065\u3051\u3089\u308c\u3066\u304a\u308a\u3001\u542b\u307f\u76ca\u306f\u300c<strong><span class=\"swl-marker 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class=\"wp-block-heading\">\u542b\u307f\u8cc7\u7523\u682a\u3068\u306f\uff5c\u30d0\u30ea\u30e5\u30fc\u6295\u8cc7\u5bb6\u304c\u6ce8\u76ee\u3059\u308b\u7406\u7531<\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"1672\" height=\"941\" src=\"https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/7fd15c5a48ff10d64d49e390318e262d.jpg\" alt=\"\" class=\"wp-image-9775\" srcset=\"https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/7fd15c5a48ff10d64d49e390318e262d.jpg 1672w, https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/7fd15c5a48ff10d64d49e390318e262d-300x169.jpg 300w, https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/7fd15c5a48ff10d64d49e390318e262d-768x432.jpg 768w, https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/7fd15c5a48ff10d64d49e390318e262d-1536x864.jpg 1536w\" sizes=\"(max-width: 1672px) 100vw, 1672px\" 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href=\"https:\/\/jioinc.jp\/investleaders\/method_netnet\/\">\uff3b\u95a2\u9023\uff3d\u30cd\u30c3\u30c8\u30cd\u30c3\u30c8\u682a\u306e\u30b9\u30af\u30ea\u30fc\u30cb\u30f3\u30b0\u65b9\u6cd5\u3092\u7d39\u4ecb\uff01\u8d85\u5272\u5b89\u682a\u306b\u6295\u8cc7\u3059\u308b\u969b\u306e\u6ce8\u610f\u70b9\u3068\u306f\uff1f<\/a><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u542b\u307f\u8cc7\u7523\u682a\u304c\u591a\u3044\u696d\u7a2e\uff5c\u88fd\u9020\u696d\u30fb\u4e0d\u52d5\u7523\u696d\u30fb\u5546\u793e\u30fb\u91d1\u878d<\/h3>\n\n\n\n<p><strong><span class=\"swl-marker 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class=\"wp-block-heading\">\u542b\u307f\u76ca\u306e\u7b97\u51fa\u65b9\u6cd5\uff5c\u6709\u4fa1\u8a3c\u5238\u5831\u544a\u66f8\u306e\u6ce8\u8a18\u304b\u3089\u6570\u5b57\u3092\u62fe\u3046<\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"1672\" height=\"941\" src=\"https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/49ba6cb8915e10f8ac652cc5d5c89bf7.jpg\" alt=\"\" class=\"wp-image-9776\" srcset=\"https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/49ba6cb8915e10f8ac652cc5d5c89bf7.jpg 1672w, https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/49ba6cb8915e10f8ac652cc5d5c89bf7-300x169.jpg 300w, https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/49ba6cb8915e10f8ac652cc5d5c89bf7-768x432.jpg 768w, https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/49ba6cb8915e10f8ac652cc5d5c89bf7-1536x864.jpg 1536w\" sizes=\"(max-width: 1672px) 100vw, 1672px\" 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mark_yellow\">\u6709\u4fa1\u8a3c\u5238\u5831\u544a\u66f8(\u307e\u305f\u306f\u6c7a\u7b97\u77ed\u4fe1)\u306e\u300c\u6ce8\u8a18\u300d<\/span><\/strong>\u3067\u3059\u3002<br>\u6ce8\u8a18\u3068\u306f\u8ca1\u52d9\u8af8\u8868\u306e\u88dc\u8db3\u8aac\u660e\u30da\u30fc\u30b8\u3067\u3001\u672c\u6587\u306e\u6570\u5b57\u3060\u3051\u3067\u306f\u8aad\u307f\u53d6\u308c\u306a\u3044\u8a73\u7d30\u60c5\u5831\u304c\u8a18\u3055\u308c\u3066\u3044\u307e\u3059\u3002<br><br>\u91d1\u878d\u5e81\u306e\u300cEDINET\u300d(<a href=\"https:\/\/disclosure2.edinet-fsa.go.jp\/\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/disclosure2.edinet-fsa.go.jp\/<\/a>)\u3067\u4f01\u696d\u540d\u3092\u691c\u7d22\u3059\u308c\u3070\u8ab0\u3067\u3082\u7121\u6599\u3067\u95b2\u89a7\u3067\u304d\u307e\u3059\u3002<br><strong><span class=\"swl-marker mark_yellow\">\u6709\u4fa1\u8a3c\u5238\u5831\u544a\u66f8\u306ePDF\u3092\u958b\u304d\u3001\u300c\u6642\u4fa1\u60c5\u5831\u300d\u300c\u571f\u5730\u306e\u518d\u8a55\u4fa1\u300d\u300c\u305d\u306e\u4ed6\u6709\u4fa1\u8a3c\u5238\u300d\u3068\u3044\u3063\u305f\u30ad\u30fc\u30ef\u30fc\u30c9\u3067\u691c\u7d22<\/span><\/strong>\u3059\u308b\u3068\u8a72\u5f53\u7b87\u6240\u306b\u3059\u3050\u305f\u3069\u308a\u7740\u3051\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u4e0d\u52d5\u7523\u306e\u542b\u307f\u76ca\u7b97\u51fa\uff5c\u8def\u7dda\u4fa1\u30fb\u516c\u793a\u5730\u4fa1\u3092\u4f7f\u3063\u305f3\u30b9\u30c6\u30c3\u30d7<\/h3>\n\n\n\n<p>\u4e0d\u52d5\u7523\u306e\u542b\u307f\u76ca\u306f\u3001\u4f01\u696d\u304c\u81ea\u4e3b\u958b\u793a\u3057\u3066\u3044\u306a\u3044\u30b1\u30fc\u30b9\u3082\u591a\u304f\u3001\u6295\u8cc7\u5bb6\u304c\u81ea\u5206\u3067\u6982\u7b97\u3092\u51fa\u3059\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002<br>\u624b\u9806\u306f\u6b21\u306e3\u30b9\u30c6\u30c3\u30d7\u3067\u3059\u3002<\/p>\n\n\n\n<div class=\"wp-block-group is-style-big_icon_good\"><div class=\"wp-block-group__inner-container\">\n<ul class=\"wp-block-list\">\n<li><strong>STEP1\uff5c\u5e33\u7c3f\u4e0a\u306e\u571f\u5730\u7c3f\u4fa1\u3092\u78ba\u8a8d\u3059\u308b<\/strong><br>\u6709\u4fa1\u8a3c\u5238\u5831\u544a\u66f8\u306e\u8cb8\u501f\u5bfe\u7167\u8868(\u307e\u305f\u306f\u56fa\u5b9a\u8cc7\u7523\u306e\u6ce8\u8a18)\u3092\u958b\u304d\u3001\u300c\u571f\u5730\u300d\u306e\u91d1\u984d\u3092\u78ba\u8a8d\u3057\u307e\u3059\u3002<br>\u3053\u308c\u304c\u7c3f\u4fa1\u3067\u3059\u3002\u4f01\u696d\u306b\u3088\u3063\u3066\u306f\u30bb\u30b0\u30e1\u30f3\u30c8\u3084\u7528\u9014\u5225\u306b\u5206\u3051\u3066\u8a18\u8f09\u3057\u3066\u3044\u308b\u30b1\u30fc\u30b9\u3082\u3042\u308a\u307e\u3059\u3002<br><\/li>\n\n\n\n<li><strong>STEP2\uff5c\u571f\u5730\u306e\u6642\u4fa1\u3092\u63a8\u8a08\u3059\u308b<\/strong><br>\u6642\u4fa1\u306e\u63a8\u8a08\u306b\u306f\u4e3b\u306b2\u3064\u306e\u65b9\u6cd5\u304c\u3042\u308a\u307e\u3059\u3002<br>\u2460\u4f01\u696d\u304c\u300c\u571f\u5730\u306e\u6642\u4fa1\u60c5\u5831\u300d\u3092\u6ce8\u8a18\u306b\u81ea\u4e3b\u958b\u793a\u3057\u3066\u3044\u308b\u5834\u5408\u306f\u305d\u306e\u6570\u5024\u3092\u305d\u306e\u307e\u307e\u4f7f\u3044\u307e\u3059\u3002<br>\u2461\u958b\u793a\u304c\u306a\u3044\u5834\u5408\u306f\u3001\u56fd\u571f\u4ea4\u901a\u7701\u304c\u6bce\u5e74\u767a\u8868\u3059\u308b<strong><span class=\"swl-marker mark_yellow\">\u516c\u793a\u5730\u4fa1\u3084\u8def\u7dda\u4fa1(\u56fd\u7a0e\u5e81\u3001\u516c\u793a\u5730\u4fa1\u306e\u7d0480%)\u3092\u4f7f\u3063\u3066\u6982\u7b97<\/span><\/strong>\u3057\u307e\u3059\u3002<br>\u6240\u5728\u5730\u30fb\u9762\u7a4d\u304c\u6709\u4fa1\u8a3c\u5238\u5831\u544a\u66f8\u306e\u300c\u4e3b\u8981\u306a\u8a2d\u5099\u306e\u72b6\u6cc1\u300d\u306b\u8a18\u8f09\u3055\u308c\u3066\u3044\u308b\u5834\u5408\u304c\u591a\u3044\u305f\u3081\u3001\u9762\u7a4d\u00d7\u516c\u793a\u5730\u4fa1\u3067\u6642\u4fa1\u306e\u76ee\u5b89\u3092\u7b97\u51fa\u3067\u304d\u307e\u3059\u3002<br><\/li>\n\n\n\n<li><strong>STEP3\uff5c\u542b\u307f\u76ca\u3092\u8a08\u7b97\u3059\u308b<\/strong><br>\u6642\u4fa1\u304b\u3089\u7c3f\u4fa1\u3092\u5f15\u3044\u305f\u91d1\u984d\u304c\u4e0d\u52d5\u7523\u306e\u542b\u307f\u76ca\u3067\u3059\u3002<br><strong><span class=\"swl-marker mark_yellow\">\u4e0d\u52d5\u7523\u542b\u307f\u76ca = \u571f\u5730\u306e\u6642\u4fa1(\u63a8\u8a08) \u2013 \u571f\u5730\u306e\u5e33\u7c3f\u4fa1\u683c(\u7c3f\u4fa1)<\/span><\/strong><br>\u3042\u304f\u307e\u3067\u6982\u7b97\u3067\u3059\u304c\u3001\u5272\u5b89\u5ea6\u3092\u5224\u65ad\u3059\u308b\u306b\u306f\u5341\u5206\u3067\u3059\u3002<\/li>\n<\/ul>\n<\/div><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">\u6709\u4fa1\u8a3c\u5238\u306e\u542b\u307f\u76ca\u7b97\u51fa\uff5c\u8cb8\u501f\u5bfe\u7167\u8868\u304b\u3089\u76f4\u63a5\u8aad\u307f\u53d6\u308b<\/h3>\n\n\n\n<p>\u6709\u4fa1\u8a3c\u5238(\u682a\u5f0f)\u306e\u542b\u307f\u76ca\u306f\u3001\u4e0d\u52d5\u7523\u3088\u308a\u7c21\u5358\u306b\u78ba\u8a8d\u3067\u304d\u307e\u3059\u3002<br>\u300c\u305d\u306e\u4ed6\u6709\u4fa1\u8a3c\u5238(\u58f2\u8cb7\u76ee\u7684\u3067\u3082\u6e80\u671f\u4fdd\u6709\u76ee\u7684\u3067\u3082\u306a\u3044\u682a\u5f0f)\u300d\u306b\u3064\u3044\u3066\u306f\u6642\u4fa1\u8a55\u4fa1\u304c\u7fa9\u52d9\u3065\u3051\u3089\u308c\u3066\u304a\u308a\u3001<strong><span class=\"swl-marker mark_yellow\">\u542b\u307f\u76ca\u306f\u8cb8\u501f\u5bfe\u7167\u8868\u306e\u7d14\u8cc7\u7523\u306e\u90e8\u306b\u300c\u305d\u306e\u4ed6\u6709\u4fa1\u8a3c\u5238\u8a55\u4fa1\u5dee\u984d\u91d1\u300d\u3068\u3057\u3066\u8a18\u8f09<\/span><\/strong>\u3055\u308c\u3066\u3044\u307e\u3059\u3002<br>\u3053\u306e\u91d1\u984d\u3092\u305d\u306e\u307e\u307e\u542b\u307f\u76ca\u3068\u3057\u3066\u4f7f\u3048\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u3055\u3089\u306b\u8a73\u3057\u304f\u78ba\u8a8d\u3057\u305f\u3044\u5834\u5408\u306f\u3001\u6ce8\u8a18\u306e\u300c\u91d1\u878d\u5546\u54c1\u306b\u95a2\u3059\u308b\u6ce8\u8a18\u300d\u307e\u305f\u306f\u300c\u6709\u4fa1\u8a3c\u5238\u306e\u6642\u4fa1\u60c5\u5831\u300d\u3092\u53c2\u7167\u3057\u307e\u3059\u3002<br>\u9298\u67c4\u5225\u306e\u7c3f\u4fa1\u30fb\u6642\u4fa1\u30fb\u5dee\u984d\u304c\u4e00\u89a7\u3067\u8a18\u8f09\u3055\u308c\u3066\u304a\u308a\u3001\u3069\u306e\u9298\u67c4\u3067\u3069\u308c\u3060\u3051\u542b\u307f\u76ca\u304c\u751f\u3058\u3066\u3044\u308b\u304b\u307e\u3067\u78ba\u8a8d\u3067\u304d\u307e\u3059\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u542b\u307f\u8cc7\u7523\u682a\u306e\u898b\u3064\u3051\u65b9\uff5c\u5b9f\u8ceaPBR\u3067\u5272\u5b89\u5ea6\u3092\u5224\u65ad\u3059\u308b<\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"1672\" height=\"941\" src=\"https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/5642f0aa80ffa0a096a0146d07185018.jpg\" alt=\"\" class=\"wp-image-9777\" srcset=\"https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/5642f0aa80ffa0a096a0146d07185018.jpg 1672w, https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/5642f0aa80ffa0a096a0146d07185018-300x169.jpg 300w, https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/5642f0aa80ffa0a096a0146d07185018-768x432.jpg 768w, https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/5642f0aa80ffa0a096a0146d07185018-1536x864.jpg 1536w\" sizes=\"(max-width: 1672px) 100vw, 1672px\" \/><\/figure>\n\n\n\n<p>\u7b97\u51fa\u3057\u305f\u542b\u307f\u76ca\u3092\u3082\u3068\u306b\u300c\u5b9f\u8ceaPBR\u300d\u3092\u8a08\u7b97\u3059\u308c\u3070\u3001\u542b\u307f\u8cc7\u7523\u682a\u306e\u5272\u5b89\u5ea6\u3092\u6570\u5024\u3067\u5224\u65ad\u3067\u304d\u307e\u3059\u3002<br>\u8a08\u7b97\u5f0f\u3068\u5b9f\u8df5\u7684\u306a\u6d3b\u7528\u6cd5\u3092\u89e3\u8aac\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u5b9f\u8ceaPBR(\u4fee\u6b63PBR)\u3068\u306f\uff5c\u8a08\u7b97\u5f0f\u3068\u898b\u65b9<\/h3>\n\n\n\n<p><strong><a href=\"https:\/\/jioinc.jp\/investleaders\/stocindex_pbr\/\" data-type=\"post\" data-id=\"1600\">PBR(\u682a\u4fa1\u7d14\u8cc7\u7523\u500d\u7387)<\/a><\/strong>\u3068\u306f\u300c\u682a\u4fa1 \u00f7 1\u682a\u3042\u305f\u308a\u7d14\u8cc7\u7523(BPS)\u300d\u3067\u8a08\u7b97\u3059\u308b\u5272\u5b89\u6307\u6a19\u3067\u3059\u3002<br>PBR\u304c\u4f4e\u3044\u307b\u3069\u300c\u7d14\u8cc7\u7523\u306b\u5bfe\u3057\u3066\u682a\u4fa1\u304c\u5b89\u3044\u300d\u3068\u8a00\u3048\u307e\u3059\u3002<br>\u305f\u3060\u3057\u5e33\u7c3f\u4e0a\u306e\u7d14\u8cc7\u7523\u306b\u306f\u542b\u307f\u76ca\u304c\u53cd\u6620\u3055\u308c\u3066\u3044\u306a\u3044\u305f\u3081\u3001<strong><span class=\"swl-marker mark_yellow\">\u542b\u307f\u76ca\u3092\u52a0\u3048\u305f\u300c\u5b9f\u8cea\u7d14\u8cc7\u7523\u300d\u3092\u4f7f\u3063\u3066\u8a08\u7b97\u3057\u76f4\u3057\u305f\u3082\u306e\u304c\u5b9f\u8ceaPBR(\u4fee\u6b63PBR)<\/span><\/strong>\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"is-style-icon_info\"><strong>\u5b9f\u8ceaPBR = \u6642\u4fa1\u7dcf\u984d \u00f7(\u7d14\u8cc7\u7523 + \u542b\u307f\u76ca)<\/strong><\/p>\n\n\n\n<p>\u5177\u4f53\u4f8b\u3067\u8003\u3048\u3066\u307f\u307e\u3057\u3087\u3046\u3002<br>\u6642\u4fa1\u7dcf\u984d300\u5104\u5186\u30fb\u7d14\u8cc7\u7523200\u5104\u5186\u30fb\u542b\u307f\u76ca(\u4e0d\u52d5\u7523\u30fb\u6709\u4fa1\u8a3c\u5238\u306e\u5408\u8a08)300\u5104\u5186\u306e\u4f01\u696d\u306e\u5834\u5408\u3001\u5b9f\u8ceaPBR\u306f0.6\u500d\u3068\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"is-style-icon_pen\"><strong>\u5b9f\u8ceaPBR = 300 \u00f7(200 + 300) = 0.6\u500d<\/strong><\/p>\n\n\n\n<p>\u6642\u4fa1\u7dcf\u984d\u306f\u5b9f\u8cea\u7d14\u8cc7\u7523\u306e60%\u3057\u304b\u8a55\u4fa1\u3055\u308c\u3066\u304a\u3089\u305a\u3001\u672c\u5f53\u306e\u8cc7\u7523\u4fa1\u5024\u3088\u308a4\u5272\u5b89\u304f\u8cb7\u3048\u308b\u72b6\u614b\u3067\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u5b9f\u8ceaPBR1\u500d\u5272\u308c\uff5c\u89e3\u6563\u4fa1\u5024\u3088\u308a\u5b89\u304f\u8cb7\u3048\u308b\u53ef\u80fd\u6027<\/h3>\n\n\n\n<p>\u5b9f\u8ceaPBR\u304c1\u500d\u3092\u4e0b\u56de\u308b\u4f01\u696d\u306f\u3001\u542b\u307f\u8cc7\u7523\u3092\u8003\u616e\u3057\u305f\u5b9f\u614b\u4fa1\u5024\u306b\u5bfe\u3057\u3066\u3001\u682a\u4fa1\u304c\u5272\u5b89\u306b\u653e\u7f6e\u3055\u308c\u3066\u3044\u307e\u3059\u3002<br>\u7406\u8ad6\u4e0a\u306f\u3001\u4f1a\u793e\u3092\u89e3\u6563\u3057\u3066\u5168\u8cc7\u7523\u3092\u58f2\u5374\u3059\u308c\u3070\u73fe\u5728\u306e\u682a\u4fa1\u3088\u308a\u591a\u304f\u306e\u73fe\u91d1\u304c\u5f97\u3089\u308c\u308b\u72b6\u614b\u3067\u3042\u308a\u3001\u30a2\u30af\u30c6\u30a3\u30d3\u30b9\u30c8\u6295\u8cc7\u5bb6\u304c\u6ce8\u76ee\u3059\u308b\u5178\u578b\u7684\u306a\u9298\u67c4\u306e\u7279\u5fb4\u3067\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u5b9f\u8ceaPBR\u306e\u901a\u3057\u8a08\u7b97\u4f8b\uff5c\u6570\u5b57\u3092\u62fe\u3063\u3066\u5b9f\u969b\u306b\u8a08\u7b97\u3057\u3066\u307f\u308b<\/h3>\n\n\n\n<p>\u3053\u3053\u307e\u3067\u306e\u624b\u9806\u3092\u307e\u3068\u3081\u3001\u5b9f\u8ceaPBR\u3092\u5b9f\u969b\u306b\u8a08\u7b97\u3059\u308b\u6d41\u308c\u3092\u78ba\u8a8d\u3057\u307e\u3057\u3087\u3046\u3002<br>\u4ee5\u4e0b\u306f\u67b6\u7a7a\u306e\u4f01\u696dA\u3092\u4f8b\u306b\u3057\u305f\u901a\u3057\u8a08\u7b97\u3067\u3059\u3002<\/p>\n\n\n\n<p><strong>\u3010\u4f01\u696dA\u306e\u524d\u63d0\u30c7\u30fc\u30bf\u3011<\/strong><br> \u30fb\u6642\u4fa1\u7dcf\u984d: 400\u5104\u5186<br> \u30fb\u8cb8\u501f\u5bfe\u7167\u8868\u4e0a\u306e\u7d14\u8cc7\u7523: 300\u5104\u5186<br> \u30fb\u571f\u5730\u306e\u7c3f\u4fa1(\u6709\u4fa1\u8a3c\u5238\u5831\u544a\u66f8\u300c\u4e3b\u8981\u306a\u8a2d\u5099\u300d\u3088\u308a): 20\u5104\u5186<br> \u30fb\u571f\u5730\u306e\u6642\u4fa1\u63a8\u8a08(\u516c\u793a\u5730\u4fa1\u00d7\u9762\u7a4d): 120\u5104\u5186 \u2192 \u4e0d\u52d5\u7523\u542b\u307f\u76ca = 100\u5104\u5186<br> \u30fb\u305d\u306e\u4ed6\u6709\u4fa1\u8a3c\u5238\u8a55\u4fa1\u5dee\u984d\u91d1(\u8cb8\u501f\u5bfe\u7167\u8868\u3088\u308a): 80\u5104\u5186 \u2192 \u6709\u4fa1\u8a3c\u5238\u542b\u307f\u76ca = 80\u5104\u5186<\/p>\n\n\n\n<p><strong>\u3010\u5b9f\u8cea\u7d14\u8cc7\u7523\u306e\u8a08\u7b97\u3011<\/strong><br>\u5b9f\u8cea\u7d14\u8cc7\u7523 = \u7d14\u8cc7\u7523 + \u4e0d\u52d5\u7523\u542b\u307f\u76ca + \u6709\u4fa1\u8a3c\u5238\u542b\u307f\u76ca = 300\u5104\u5186 + 100\u5104\u5186 + 80\u5104\u5186 = <strong>480\u5104\u5186<\/strong><\/p>\n\n\n\n<p><strong>\u3010\u5b9f\u8ceaPBR\u306e\u8a08\u7b97\u3011<\/strong><br>\u5b9f\u8ceaPBR = \u6642\u4fa1\u7dcf\u984d \u00f7 \u5b9f\u8cea\u7d14\u8cc7\u7523 = 400\u5104\u5186 \u00f7 480\u5104\u5186 = <strong>\u7d040.83\u500d<\/strong><\/p>\n\n\n\n<p>\u5e33\u7c3f\u4e0a\u306ePBR\u306f\u300c400\u5104\u5186 \u00f7 300\u5104\u5186 = 1.33\u500d\u300d\u3067\u5272\u9ad8\u306b\u898b\u3048\u307e\u3059\u304c\u3001\u542b\u307f\u8cc7\u7523\u3092\u52a0\u5473\u3057\u305f\u5b9f\u8ceaPBR\u306f0.83\u500d\u30681\u500d\u5272\u308c\u306b\u306a\u308a\u307e\u3059\u3002<br>\u682a\u4fa1\u30b9\u30af\u30ea\u30fc\u30cb\u30f3\u30b0\u30c4\u30fc\u30eb\u3067\u8868\u793a\u3055\u308c\u308b\u901a\u5e38\u306ePBR\u3060\u3051\u3092\u898b\u3066\u3044\u308b\u3068\u3001\u3053\u3046\u3057\u305f\u5272\u5b89\u9298\u67c4\u3092\u898b\u843d\u3068\u3057\u3066\u3057\u307e\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u542b\u307f\u8cc7\u7523\u682a\u3068\u30a2\u30af\u30c6\u30a3\u30d3\u30b9\u30c8\u6295\u8cc7\u30fbTOB\u306e\u95a2\u4fc2<\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"1672\" height=\"941\" src=\"https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/c3c2897def7f8fcad24fd30a4034588f.jpg\" alt=\"\" class=\"wp-image-9778\" srcset=\"https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/c3c2897def7f8fcad24fd30a4034588f.jpg 1672w, https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/c3c2897def7f8fcad24fd30a4034588f-300x169.jpg 300w, https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/c3c2897def7f8fcad24fd30a4034588f-768x432.jpg 768w, https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/c3c2897def7f8fcad24fd30a4034588f-1536x864.jpg 1536w\" sizes=\"(max-width: 1672px) 100vw, 1672px\" \/><\/figure>\n\n\n\n<p>\u542b\u307f\u8cc7\u7523\u682a\u306f\u30a2\u30af\u30c6\u30a3\u30d3\u30b9\u30c8\u6295\u8cc7\u5bb6\u306e\u6a19\u7684\u306b\u306a\u308a\u3084\u3059\u304f\u3001<a href=\"https:\/\/jioinc.jp\/investleaders\/basic_tob\/\" data-type=\"post\" data-id=\"792\">TOB(\u682a\u5f0f\u516c\u958b\u8cb7\u4ed8\u3051<\/a>)\u3084\u7d4c\u55b6\u6539\u9769\u306e\u5f15\u304d\u91d1\u306b\u306a\u308b\u30b1\u30fc\u30b9\u304c\u5897\u3048\u3066\u3044\u307e\u3059\u3002<br>\u305d\u306e\u80cc\u666f\u3068\u300c\u542b\u307f\u8cc7\u7523\u306e\u89e3\u653e\u300d\u306e\u5177\u4f53\u7684\u306a\u624b\u6bb5\u3092\u89e3\u8aac\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u542b\u307f\u8cc7\u7523\u304c\u5927\u304d\u3044\u4f01\u696d\u306f\u30a2\u30af\u30c6\u30a3\u30d3\u30b9\u30c8\u306e\u30bf\u30fc\u30b2\u30c3\u30c8\u306b\u306a\u308a\u3084\u3059\u3044<\/h3>\n\n\n\n<p>\u300c\u96a0\u308c\u305f\u8cc7\u7523\u4fa1\u5024\u304c\u3042\u308b\u306e\u306b\u682a\u4fa1\u304c\u4f4e\u3044\u300d\u72b6\u6cc1\u306f\u3001<strong><span class=\"swl-marker mark_yellow\">\u30a2\u30af\u30c6\u30a3\u30d3\u30b9\u30c8\u6295\u8cc7\u5bb6(\u7269\u8a00\u3046\u682a\u4e3b)<\/span><\/strong>\u306b\u3068\u3063\u3066\u683c\u597d\u306e\u30bf\u30fc\u30b2\u30c3\u30c8\u3067\u3059\u3002<br>\u30a2\u30af\u30c6\u30a3\u30d3\u30b9\u30c8\u3068\u306f\u3001\u682a\u5f0f\u3092\u5927\u91cf\u306b\u53d6\u5f97\u3057\u305f\u3046\u3048\u3067\u7d4c\u55b6\u9663\u306b\u6539\u5584\u3092\u8981\u6c42\u3059\u308b\u6295\u8cc7\u5bb6\u3002<br>\u542b\u307f\u8cc7\u7523\u682a\u306b\u6295\u8cc7\u3057\u3001\u7d4c\u55b6\u9663\u306b\u542b\u307f\u8cc7\u7523\u306e\u300c\u89e3\u653e(Unlocking Value)\u300d\u3092\u6c42\u3081\u308b\u30b1\u30fc\u30b9\u304c\u5897\u3048\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u542b\u307f\u8cc7\u7523\u306e\u300c\u89e3\u653e\u300d\u3068\u306f\uff5c\u5177\u4f53\u7684\u306a\u624b\u6bb5<\/h3>\n\n\n\n<p>\u542b\u307f\u8cc7\u7523\u3092\u73fe\u91d1\u5316\u30fb\u682a\u4e3b\u306b\u9084\u5143\u3059\u308b\u305f\u3081\u306e\u4e3b\u306a\u624b\u6bb5\u3068\u3057\u3066\u3001\u653f\u7b56\u4fdd\u6709\u682a(\u6301\u5408\u3044\u682a)\u306e\u89e3\u6d88\u30fb\u58f2\u5374\u306b\u3088\u308b\u5897\u914d\u30fb\u81ea\u793e\u682a\u8cb7\u3044\u3078\u306e\u6d3b\u7528\u304c\u3042\u308a\u307e\u3059\u3002<br>\u4e0d\u52d5\u7523\u306e\u58f2\u5374\u30fb\u8cc3\u8cb8\u5316\u306b\u3088\u308b\u914d\u5f53\u539f\u8cc7\u306e\u78ba\u4fdd\u3001\u542b\u307f\u76ca\u306e\u3042\u308b\u4e8b\u696d\u3084\u5b50\u4f1a\u793e\u306e\u58f2\u5374\u3001\u5b50\u4f1a\u793e\u306e\u4e0a\u5834\u306a\u3069\u3082\u4ee3\u8868\u7684\u306a\u65b9\u6cd5\u3067\u3059\u3002<br>\u307e\u305f\u3001<strong><span class=\"swl-marker mark_yellow\">MBO(\u7d4c\u55b6\u9663\u306b\u3088\u308b\u8cb7\u53ce)\u3084TOB\u3092\u901a\u3058\u305f\u975e\u516c\u958b\u5316\u306b\u3088\u3063\u3066\u542b\u307f\u76ca\u3092\u9855\u5728\u5316\u3055\u305b\u308b\u624b\u6cd5<\/span><\/strong>\u3082\u8fd1\u5e74\u5897\u3048\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u542b\u307f\u8cc7\u7523\u682a\u6295\u8cc7\u306e\u6ce8\u610f\u70b9<\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"1672\" height=\"941\" src=\"https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/a64660d104b20612a9d6e1b3fd3aff5c.jpg\" alt=\"\" class=\"wp-image-9779\" srcset=\"https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/a64660d104b20612a9d6e1b3fd3aff5c.jpg 1672w, https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/a64660d104b20612a9d6e1b3fd3aff5c-300x169.jpg 300w, https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/a64660d104b20612a9d6e1b3fd3aff5c-768x432.jpg 768w, https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/a64660d104b20612a9d6e1b3fd3aff5c-1536x864.jpg 1536w\" sizes=\"(max-width: 1672px) 100vw, 1672px\" \/><\/figure>\n\n\n\n<p>\u542b\u307f\u8cc7\u7523\u682a\u3078\u306e\u6295\u8cc7\u306b\u306f\u72ec\u81ea\u306e\u30ea\u30b9\u30af\u304c\u3042\u308a\u307e\u3059\u3002<br>\u300c\u8cc7\u7523\u304c\u8c4a\u5bcc\u306a\u306e\u306b\u682a\u4fa1\u304c\u4e0a\u304c\u3089\u306a\u3044\u300d\u72b6\u6cc1\u306b\u9665\u308a\u3084\u3059\u3044\u7406\u7531\u3092\u7406\u89e3\u3057\u3066\u304a\u304d\u307e\u3057\u3087\u3046\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u542b\u307f\u76ca\u306f\u300c\u58f2\u308b\u307e\u3067\u5229\u76ca\u306b\u306a\u3089\u306a\u3044\u300d<\/h3>\n\n\n\n<p>\u542b\u307f\u76ca\u306f\u3042\u304f\u307e\u3067\u300c\u6f5c\u5728\u7684\u306a\u5229\u76ca\u300d\u3067\u3042\u308a\u3001\u8cc7\u7523\u3092\u5b9f\u969b\u306b\u58f2\u5374\u3057\u3066\u521d\u3081\u3066\u300c\u5b9f\u73fe\u5229\u76ca\u300d\u3068\u306a\u308a\u307e\u3059\u3002<br>\u58f2\u5374\u3059\u308b\u304b\u3069\u3046\u304b\u306f\u7d4c\u55b6\u9663\u306e\u5224\u65ad\u6b21\u7b2c\u3067\u3001<strong><span class=\"swl-marker mark_yellow\">\u542b\u307f\u76ca\u304c\u3044\u3064\u30fb\u3069\u306e\u3088\u3046\u306a\u5f62\u3067\u73fe\u91d1\u5316\u3055\u308c\u308b\u304b\u306f\u4e0d\u78ba\u5b9f<\/span><\/strong>\u3067\u3059\u3002<br>\u542b\u307f\u8cc7\u7523\u304c\u5927\u304d\u304f\u3066\u3082\u9577\u5e74\u6d3b\u7528\u3055\u308c\u306a\u3051\u308c\u3070\u3001\u682a\u4fa1\u3078\u306e\u8ca2\u732e\u306f\u9650\u5b9a\u7684\u306b\u3068\u3069\u307e\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u6d41\u52d5\u6027\u30ea\u30b9\u30af\uff5c\u4e0d\u52d5\u7523\u3084\u975e\u4e0a\u5834\u682a\u306f\u3059\u3050\u58f2\u308c\u306a\u3044<\/h3>\n\n\n\n<p>\u6d41\u52d5\u6027\u3068\u306f\u300c\u8cc7\u7523\u3092\u3059\u3050\u306b\u73fe\u91d1\u306b\u63db\u3048\u3089\u308c\u308b\u304b\u3069\u3046\u304b\u300d\u3092\u8868\u3059\u6982\u5ff5\u3067\u3059\u3002<br>\u4e0d\u52d5\u7523\u30fb\u975e\u4e0a\u5834\u682a\u5f0f\u306a\u3069\u306f\u682a\u5f0f\u5e02\u5834\u306e\u3088\u3046\u306b\u3059\u3050\u58f2\u308c\u307e\u305b\u3093(\u6d41\u52d5\u6027\u304c\u4f4e\u3044)\u3002<br>\u6025\u3044\u3067\u73fe\u91d1\u5316\u304c\u5fc5\u8981\u306a\u5834\u9762\u3067\u306f\u3001\u5e0c\u671b\u3059\u308b\u4fa1\u683c\u3067\u58f2\u308c\u306a\u3044\u30ea\u30b9\u30af\u304c\u3042\u308a\u307e\u3059\u3002<br>\u305d\u306e\u305f\u3081\u3001<strong><span class=\"swl-marker mark_yellow\">\u542b\u307f\u76ca\u306e\u5b9f\u8cea\u7684\u306a\u4fa1\u5024\u306f\u3001\u6d41\u52d5\u6027\u3092\u8003\u616e\u3057\u305f\u5272\u5f15\u5f8c\u306e\u4fa1\u5024\u3068\u3057\u3066\u8a55\u4fa1\u3059\u308b<\/span><\/strong>\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u542b\u307f\u8cc7\u7523\u3060\u3051\u3067\u306f\u306a\u304f\u3001\u53ce\u76ca\u529b\u30fb\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u3082\u78ba\u8a8d<\/h3>\n\n\n\n<p>\u542b\u307f\u8cc7\u7523\u682a\u6295\u8cc7\u3067\u3088\u304f\u3042\u308b\u5931\u6557\u306f\u3001\u300c\u8cc7\u7523\u306f\u8c4a\u5bcc\u3060\u304c\u672c\u696d\u306e\u53ce\u76ca\u529b\u304c\u4f4e\u3044\u4f01\u696d\u300d\u306b\u9577\u671f\u6295\u8cc7\u3057\u3066\u3057\u307e\u3046\u30d1\u30bf\u30fc\u30f3\u3067\u3059\u3002<br>\u542b\u307f\u8cc7\u7523\u304c\u3044\u3064\u307e\u3067\u3082\u89e3\u653e\u3055\u308c\u306a\u3051\u308c\u3070\u3001\u8d64\u5b57\u304c\u7d9a\u304f\u4f01\u696d\u3078\u306e\u9577\u671f\u6295\u8cc7\u306f\u542b\u307f\u8cc7\u7523\u3092\u98df\u3044\u3064\u3076\u3059\u30ea\u30b9\u30af\u304c\u3042\u308a\u307e\u3059\u3002<br>\u542b\u307f\u8cc7\u7523\u306e\u8a55\u4fa1\u306b\u52a0\u3048\u3066\u3001<strong><span class=\"swl-marker mark_yellow\">\u672c\u696d\u306e<a href=\"https:\/\/jioinc.jp\/investleaders\/funda_roe\/\" data-type=\"post\" data-id=\"1654\">ROE(\u81ea\u5df1\u8cc7\u672c\u5229\u76ca\u7387)<\/a>\u30fb\u55b6\u696d\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u30fb\u914d\u5f53\u653f\u7b56\u30fb\u30b3\u30fc\u30dd\u30ec\u30fc\u30c8\u30ac\u30d0\u30ca\u30f3\u30b9(\u682a\u4e3b\u3068\u306e\u5bfe\u8a71\u59ff\u52e2)\u306e\u7dcf\u5408\u7684\u306a\u78ba\u8a8d<\/span><\/strong>\u304c\u3001\u542b\u307f\u8cc7\u7523\u682a\u6295\u8cc7\u3092\u6210\u529f\u3055\u305b\u308b\u91cd\u8981\u306a\u30dd\u30a4\u30f3\u30c8\u3067\u3059\u3002<\/p>\n\n\n<p class=\"n_link\"><a href=\"https:\/\/jioinc.jp\/investleaders\/stocindex_dpr\/\">\uff3b\u95a2\u9023\uff3d\u914d\u5f53\u6027\u5411\u3068\u306f\uff1f\u914d\u5f53\u5229\u56de\u308a\u3068\u306e\u9055\u3044\u3084\u76ee\u5b89\u3001\u9ad8\u3059\u304e\u308b\u5834\u5408\u306e\u6ce8\u610f\u70b9\u3092\u89e3\u8aac<\/a><\/p>\n\n\n\r\n<p class=\"n_link\"><a href=\"https:\/\/jioinc.jp\/investleaders\/funda_fcf\/\">\uff3b\u95a2\u9023\uff3d\u30d5\u30ea\u30fc\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u3068\u306f\u4f55\u304b\uff1f\u5229\u76ca\u3060\u3051\u3058\u3083\u5206\u304b\u3089\u306a\u3044\u4f01\u696d\u306e\u201c\u672c\u5f53\u306e\u5b9f\u529b\u201d\u3092\u898b\u308b\u65b9\u6cd5<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u307e\u3068\u3081\uff5c\u542b\u307f\u8cc7\u7523\u682a\u6295\u8cc7\u306e\u30dd\u30a4\u30f3\u30c8<\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"1672\" height=\"941\" src=\"https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/7b55edd2f6dc416d5e6931887b86761e.jpg\" alt=\"\" class=\"wp-image-9780\" srcset=\"https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/7b55edd2f6dc416d5e6931887b86761e.jpg 1672w, https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/7b55edd2f6dc416d5e6931887b86761e-300x169.jpg 300w, https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/7b55edd2f6dc416d5e6931887b86761e-768x432.jpg 768w, https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/7b55edd2f6dc416d5e6931887b86761e-1536x864.jpg 1536w\" sizes=\"(max-width: 1672px) 100vw, 1672px\" \/><\/figure>\n\n\n\n<p>\u542b\u307f\u8cc7\u7523\u3068\u306f\u3001\u4f01\u696d\u304c\u4fdd\u6709\u3059\u308b\u8cc7\u7523\u306e\u6642\u4fa1\u304c\u7c3f\u4fa1\u3092\u4e0a\u56de\u308b\u5dee\u984d\u90e8\u5206\u3067\u3001\u8ca1\u52d9\u8af8\u8868\u306b\u306f\u8868\u308c\u306a\u3044\u6f5c\u5728\u7684\u306a\u4fa1\u5024\u3092\u793a\u3057\u307e\u3059\u3002<br>\u7279\u306b\u4e0d\u52d5\u7523\u30fb\u6709\u4fa1\u8a3c\u5238\u306b\u591a\u304f\u898b\u3089\u308c\u3001<strong><span class=\"swl-marker 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class=\"p-blogParts post_content\" data-partsID=\"1144\">\n<div class=\"ctacontent01\">\n  <div class=\"toptext\">\n   <p class=\"heading-21\"><img decoding=\"async\" src=\"https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/kijishitactaimg01.png\" \/><\/p>\n   <p class=\"cta_text01_03\">\u4eca\u306a\u3089\u6025\u9a30\u671f\u5f85\u306e\u201c\u6709\u529b3\u9298\u67c4\u201d\u3092<br class=\"sp_\">\u7121\u6599\u3067\u914d\u4fe1\u3044\u305f\u3057\u307e\u3059<\/p>\n   <p class=\"cta_text01_02\">\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<br>\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   <p 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target=\"_blank\">\u500b\u4eba\u60c5\u5831\u4fdd\u8b77\u306b\u95a2\u3059\u308b\u4e8b\u9805<\/a>\u306b\u540c\u610f\u3059\u308b<\/label>\n\t\t\t<label><input type=\"checkbox\" class=\"checkbox1\" name=\"email-check\" value=\"1\" checked \/>\u30e1\u30fc\u30eb\u914d\u4fe1\u306b\u540c\u610f\u3057\u3001\u65e5\u672c\u6295\u8cc7\u6a5f\u69cb\u682a\u5f0f\u4f1a\u793e\u304b\u3089\u306e\u30e1\u30fc\u30eb\u3092\u53d7\u3051\u53d6\u308b<\/label>\n      <label><input type=\"checkbox\" class=\"checkbox1\" name=\"hansya\" value=\"1\" checked \/>\u5f53\u30b5\u30a4\u30c8\u306e<a href=\"https:\/\/trend-scouter.jp\/\u53cd\u793e\u4f1a\u7684\u52e2\u529b\u3068\u306e\u95a2\u4fc2\u906e\u65ad\u306b\u5bfe\u3059\u308b\u57fa\u672c\u65b9\u91dd.pdf\" target=\"_blank\">\u53cd\u793e\u4f1a\u7684\u52e2\u529b\u3068\u306e\u95a2\u4fc2\u906e\u65ad\u306b\u5bfe\u3059\u308b\u57fa\u672c\u65b9\u91dd<\/a>\u306b\u540c\u610f\u3059\u308b<\/label>\n\n<br>\n<\/div>\n\t\t<\/div>\n\t\t<div class=\"right_box\">\n\t\t\t<input type=\"image\" src=\"https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/btn.png\" id=\"btn1\" name=\"send\">\n    <\/div>\n  <div class=\"cvtxt\">\n    <p>\u9298\u67c4\u60c5\u5831\u3092\u542b\u3080\u671d\u520a\u30fb\u5915\u520a\u306e\u5e02\u6cc1\u914d\u4fe1\u306e\u4ed6\u3001\u5f53\u793e\u3067\u63d0\u4f9b\u3057\u3066\u3044\u308b\u5546\u54c1\u3082\u5225\u9014\u3054\u6848\u5185\u3055\u305b\u3066\u3044\u305f\u3060\u304d\u307e\u3059\u3002\u307e\u305f\u3001\u6700\u7d42\u7684\u306a\u6295\u8cc7\u5224\u65ad\u306f\u304a\u5ba2\u69d8\u3054\u81ea\u8eab\u3067\u884c\u3063\u3066\u3044\u305f\u3060\u3051\u307e\u3059\u69d8\u304a\u9858\u3044\u3044\u305f\u3057\u307e\u3059\u3002<\/p>\n  <\/div>\n  <\/div>\n\n\t<\/form>\n<\/div>\n<\/div>\n\n\n<div class=\"writerbox\">\n\t\t  <p class=\"writerbox_title\">\u57f7\u7b46\u8005\u60c5\u5831<\/p>\n\t\t    <div class=\"weiter-flexbox\">\n\t\t    <p class=\"w_img\"><a href=\"https:\/\/jioinc.jp\/investleaders\/editorial_department\/yunaishizuka\/\"><img decoding=\"async\" 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