{"id":9202,"date":"2026-04-21T22:09:02","date_gmt":"2026-04-21T13:09:02","guid":{"rendered":"https:\/\/jioinc.jp\/investleaders\/?p=9202"},"modified":"2026-04-21T22:09:02","modified_gmt":"2026-04-21T13:09:02","slug":"news_privatecredit","status":"publish","type":"post","link":"https:\/\/jioinc.jp\/investleaders\/news_privatecredit\/","title":{"rendered":"\u30a2\u30e1\u30ea\u30ab\u306e\u30d7\u30e9\u30a4\u30d9\u30fc\u30c8\u30af\u30ec\u30b8\u30c3\u30c8\u554f\u984c\u306e\u771f\u76f8\u3068\u306f\uff1f\u4f55\u304c\u8d77\u304d\u3066\u3044\u308b\u306e\u304b\u5fb9\u5e95\u89e3\u8aac"},"content":{"rendered":"\n<p>2025\u5e749\u6708\u306e\u7c73\u81ea\u52d5\u8eca\u90e8\u54c1\u5927\u624b\u30d5\u30a1\u30fc\u30b9\u30c8\u30d6\u30e9\u30f3\u30ba(First Brands)\u3001\u81ea\u52d5\u8eca\u8ca9\u58f2\u5927\u624b\u30c8\u30ea\u30b3\u30ed\u30fc\u30eb(Tricolor)\u306e\u7834\u7dbb\u304b\u3089\u534a\u5e74\u4f59\u308a\u3002<br><strong><span class=\"swl-marker mark_yellow\">\u7c73\u56fd\u30d7\u30e9\u30a4\u30d9\u30fc\u30c8\u30af\u30ec\u30b8\u30c3\u30c8\u5e02\u5834\u306f\u3001\u79c1\u306e\u898b\u7acb\u3066\u3092\u4e0a\u56de\u308b\u30b9\u30d4\u30fc\u30c9\u3067\u60aa\u5316<\/span><\/strong>\u3057\u3066\u3044\u307e\u3059\u3002<br><br>2026\u5e74Q1\u3001\u305d\u306e\u73fe\u72b6\u304c\u5f90\u3005\u306b\u660e\u3089\u304b\u306b\u306a\u3063\u3066\u304d\u307e\u3057\u305f\u3002<br>\u7c73\u56fd\u306e\u8abf\u67fb\u6a5f\u95a2\u306e\u96c6\u8a08\u3067\u306f\u3001Q1\u306b\u975e\u4e0a\u5834BDC(Business Development Company\uff1a\u4e8b\u696d\u958b\u767a\u4f1a\u793e\u3001\u4e2d\u5c0f\u30fb\u975e\u4e0a\u5834\u4f01\u696d\u3078\u306e\u878d\u8cc7\u3084\u6295\u8cc7\u3092\u884c\u3046\u30d5\u30a1\u30f3\u30c9\u306e\u4e00\u7a2e)\u5168\u4f53\u3067139\u5104\u30c9\u30eb\u306e\u89e3\u7d04\u8981\u6c42\u304c\u5165\u308a\u307e\u3057\u305f\u3002<br>\u3057\u304b\u3057\u3001\u5c65\u884c\u3067\u304d\u305f\u306e\u306f74\u5104\u30c9\u30eb\u306b\u3068\u3069\u307e\u308a\u300146\u5104\u30c9\u30eb\u8d85\u304c\u300c\u30b2\u30fc\u30c8\u6761\u9805\u300d\u306b\u3088\u3063\u3066\u5e0c\u671b\u901a\u308a\u306b\u89e3\u7d04\u3067\u304d\u307e\u305b\u3093\u3067\u3057\u305f\u3002<br>\u30b2\u30fc\u30c8\u6761\u9805\u3068\u306f\u30011\u56db\u534a\u671f\u306b\u89e3\u7d04\u3067\u304d\u308b\u91d1\u984d\u3092\u30d5\u30a1\u30f3\u30c9\u6b8b\u9ad8\u306e5%\u307e\u3067\u306b\u5236\u9650\u3059\u308b\u30eb\u30fc\u30eb\u3067\u3059\u3002<br>\u975e\u4e0a\u5834BDC\u306b\u304a\u3044\u3066\u3001<strong><span class=\"swl-marker mark_yellow\">\u8907\u6570\u306e\u5927\u624b\u30d5\u30a1\u30f3\u30c9\u304c\u540c\u3058\u56db\u534a\u671f\u306b\u30b2\u30fc\u30c8\u6761\u9805\u306e\u4e0a\u9650\u306b\u9054\u3059\u308b\u306e\u306f\u4eca\u56de\u304c\u521d\u3081\u3066<\/span><\/strong>\u3067\u3059\u3002<br><br>\u305d\u3053\u3067\u3001\u3044\u3063\u305f\u3044\u4f55\u304c\u8d77\u304d\u3066\u3044\u308b\u306e\u304b\u3001\u4eca\u56de\u306f\u3053\u306e\u7c73\u56fd\u30d7\u30e9\u30a4\u30d9\u30fc\u30c8\u30af\u30ec\u30b8\u30c3\u30c8\u554f\u984c\u306b\u3064\u3044\u3066\u66f8\u3053\u3046\u3068\u601d\u3044\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\"><strong>\u305d\u3082\u305d\u3082\u30d7\u30e9\u30a4\u30d9\u30fc\u30c8\u30af\u30ec\u30b8\u30c3\u30c8\u3068\u306f\uff1f<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"1103\" height=\"568\" src=\"https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/0f47e9fad4de7ae67794b9e32e687f27.jpg\" alt=\"\" class=\"wp-image-9221\" srcset=\"https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/0f47e9fad4de7ae67794b9e32e687f27.jpg 1103w, https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/0f47e9fad4de7ae67794b9e32e687f27-300x154.jpg 300w, https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/0f47e9fad4de7ae67794b9e32e687f27-768x395.jpg 768w\" sizes=\"(max-width: 1103px) 100vw, 1103px\" \/><\/figure>\n\n\n\n<p>2008\u5e74\u4ee5\u964d\u3001\u30d0\u30fc\u30bc\u30eb\u898f\u5236(\u9280\u884c\u306b\u4e00\u5b9a\u4ee5\u4e0a\u306e\u81ea\u5df1\u8cc7\u672c\u3092\u6c42\u3081\u308b\u56fd\u969b\u30eb\u30fc\u30eb)\u304c\u5f37\u5316\u3055\u308c\u3001\u9280\u884c\u304c\u4e2d\u5805\u4f01\u696d\u5411\u3051\u878d\u8cc7\u304b\u3089\u64a4\u9000\u3002<br>\u305d\u306e\u7a74\u3092\u3001<strong><span class=\"swl-marker mark_yellow\">\u30d5\u30a1\u30f3\u30c9\u304c\u6295\u8cc7\u5bb6\u8cc7\u91d1\u3092\u76f4\u63a5\u8cb8\u3057\u4ed8\u3051\u308b\u5f62\u3067\u57cb\u3081\u305f\u306e\u304c\u300c\u30d7\u30e9\u30a4\u30d9\u30fc\u30c8\u30af\u30ec\u30b8\u30c3\u30c8\u300d<\/span><\/strong>\u3067\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u89e3\u7d04\u304c\u76f8\u6b21\u3044\u3067\u3044\u308b\u306e\u306fBDC(Business Development Company)<\/h3>\n\n\n\n<p>\u30d7\u30e9\u30a4\u30d9\u30fc\u30c8\u30af\u30ec\u30b8\u30c3\u30c8\u6295\u8cc7\u306b\u306f\u3044\u304f\u3064\u304b\u306e\u30bf\u30a4\u30d7\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u4e2d\u3067\u3082\u4eca\u56de\u306e\u4e3b\u5f79\u304cBDC\u3002<br>1980\u5e74\u306b\u7c73\u56fd\u8b70\u4f1a\u304c\u4e2d\u5c0f\u4f01\u696d\u3078\u306e\u8cc7\u672c\u4f9b\u7d66\u3092\u4fc3\u3059\u76ee\u7684\u3067\u4f5c\u3063\u305f\u4ed5\u7d44\u307f\u3067\u3001REIT\u306b\u4f3c\u305f\u69cb\u9020\u3067\u3059\u3002<br>BDC\u306f\u3001<strong><span class=\"swl-marker mark_yellow\">\u9280\u884c\u304b\u3089\u878d\u8cc7\u3092\u53d7\u3051\u306b\u304f\u3044\u30b9\u30bf\u30fc\u30c8\u30a2\u30c3\u30d7\u3084\u4e2d\u5c0f\u4f01\u696d\u306b\u5bfe\u3057\u3066\u3001\u878d\u8cc7\u3084\u51fa\u8cc7\u3092\u884c\u3046\u4f1a\u793e<\/span><\/strong>\u3067\u3059\u3002<br>\u901a\u5e38\u4f01\u696d\u306f\u5229\u76ca\u304c\u51fa\u308b\u3068\u6cd5\u4eba\u7a0e\u3092\u6255\u3046\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u304c\u3001BDC\u306f\u8ab2\u7a0e\u6240\u5f97\u306e90%\u4ee5\u4e0a\u3092\u6295\u8cc7\u5bb6\u306b\u5206\u914d\u3059\u308c\u3070\u6cd5\u4eba\u7a0e\u304c\u514d\u9664\u3055\u308c\u307e\u3059\u3002<br>\u305d\u306e\u5206\u3092\u6295\u8cc7\u5bb6\u306b\u5206\u914d\u3067\u304d\u308b\u305f\u3081\u3001\u914d\u5f53\u5229\u56de\u308a\u304c\u9ad8\u304f\u306a\u308a\u307e\u3059\u3002<br><br>\u4e0a\u5834BDC\u306a\u3089\u682a\u3068\u540c\u3058\u3088\u3046\u306b\u58f2\u8cb7\u3067\u304d\u307e\u3059\u304c\u3001<strong><span class=\"swl-marker mark_yellow\">\u975e\u4e0a\u5834(\u30ce\u30f3\u30c8\u30ec\u30fc\u30c7\u30c3\u30c9)BDC\u306f\u56db\u534a\u671f\u3054\u3068\u306e\u89e3\u7d04\u3057\u304b\u3067\u304d\u305a\u3001\u3057\u304b\u3082\u901a\u5e385%\u306e\u4e0a\u9650(\u30b2\u30fc\u30c8)\u304c\u3042\u308a\u307e\u3059<\/span><\/strong>\u3002<br>\u3053\u306e\u4e0a\u9650\u3092\u8d85\u3048\u305f\u89e3\u7d04\u8981\u6c42\u306f\u6309\u5206(\u30d7\u30ed\u30e9\u30bf)\u3055\u308c\u3001\u6b8b\u308a\u306f\u6b21\u306e\u56db\u534a\u671f\u4ee5\u964d\u306b\u7e70\u308a\u8d8a\u3055\u308c\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u975e\u4e0a\u5834\u30fb\u975e\u6d41\u52d5\u6027\u304c\u554f\u984c\u306b<\/h3>\n\n\n\n<p>BDC\u306e\u4ed6\u306b\u3082\u3001\u56db\u534a\u671f\u3054\u3068\u306b5\u301c7%\u306e\u89e3\u7d04\u3092\u53d7\u3051\u4ed8\u3051\u308b\u30a4\u30f3\u30bf\u30fc\u30d0\u30eb\u30d5\u30a1\u30f3\u30c9\u3084\u3001\u7121\u671f\u9650\u3067\u904b\u7528\u3057\u3064\u3064\u6295\u8cc7\u5bb6\u306e\u51fa\u5165\u308a\u306b\u67d4\u8edf\u6027\u3092\u6301\u305f\u305b\u305f\u30a8\u30d0\u30fc\u30b0\u30ea\u30fc\u30f3(\u6c38\u7d9a\u578b)\u30d5\u30a1\u30f3\u30c9\u304c\u3042\u308a\u307e\u3059\u3002<br>\u3044\u305a\u308c\u306b\u3082\u5171\u901a\u3059\u308b\u306e\u306f\u3001<strong><span class=\"swl-marker mark_yellow\">\u8cc7\u7523\u306f\u9577\u671f\u3067\u975e\u6d41\u52d5\u7684\u306a\u306e\u306b\u3001\u6295\u8cc7\u5bb6\u306b\u306f\u9650\u5b9a\u7684\u306a\u6d41\u52d5\u6027\u3092\u7d04\u675f\u3057\u3066\u3044\u308b<\/span><\/strong>\u3068\u3044\u3046\u69cb\u9020\u7684\u306a\u77db\u76fe\u3067\u3059\u3002<br><br>\u65e5\u3005\u306e\u5e02\u5834\u4fa1\u683c\u304c\u3064\u304b\u305a\u3001\u6d41\u901a\u5e02\u5834\u3082\u672a\u6210\u719f\u3002\u4eca\u56de\u306e\u554f\u984c\u3092\u7406\u89e3\u3059\u308b\u3046\u3048\u3067\u3053\u306e\u300c\u975e\u6d41\u52d5\u6027\u300d\u304c\u30dd\u30a4\u30f3\u30c8\u3067\u3059\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">BDC\u306e<strong>10%\u8d85\u306e\u5229\u56de\u308a\u306f\u306a\u305c\u5b9f\u73fe\u3067\u304d\u3066\u3044\u305f\u306e\u304b\uff1f<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"1088\" height=\"574\" src=\"https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/8d6f3f532fd5be28f6155a374b0e8af4.jpg\" alt=\"\" class=\"wp-image-9222\" srcset=\"https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/8d6f3f532fd5be28f6155a374b0e8af4.jpg 1088w, https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/8d6f3f532fd5be28f6155a374b0e8af4-300x158.jpg 300w, https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/8d6f3f532fd5be28f6155a374b0e8af4-768x405.jpg 768w\" sizes=\"(max-width: 1088px) 100vw, 1088px\" \/><\/figure>\n\n\n\n<p>BDC\u306f\u30012022\u301c2025\u5e74\u306b10\u301c12%\u306e\u5229\u56de\u308a\u3092\u53e9\u304d\u51fa\u3057\u3066\u3044\u307e\u3057\u305f\u3002\u3053\u306e\u7406\u7531\u306f4\u3064\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p>1\u3064\u76ee\u306f\u3001<strong><span class=\"swl-marker mark_yellow\">\u975e\u6d41\u52d5\u6027\u30d7\u30ec\u30df\u30a2\u30e0<\/span><\/strong>\u3002<br>\u7c21\u5358\u306b\u58f2\u308c\u306a\u3044\u8cc7\u7523\u306b\u6295\u8cc7\u3059\u308b\u5bfe\u4fa1\u3068\u3057\u3066\u3001\u516c\u958b\u793e\u50b5\u3088\u308a2\u301c4%\u9ad8\u3044\u5229\u56de\u308a\u3092\u4e0a\u4e57\u305b\u3057\u3066\u3044\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<p>2\u3064\u76ee\u306f\u3001\u5909\u52d5\u91d1\u5229\u3067\u3059\u3002<br>BDC\u306e\u878d\u8cc7\u306e\u591a\u304f\u304c\u3001\u7c73\u56fd\u306e\u77ed\u671f\u91d1\u5229\u6307\u6a19\u300cSOFR(\u62c5\u4fdd\u4ed8\u7fcc\u65e5\u7269\u8abf\u9054\u91d1\u5229)\u300d\u306b\u9023\u52d5\u3057\u3066\u3044\u307e\u3059\u3002<br>\u305d\u306e\u305f\u3081\u3001<strong><span class=\"swl-marker mark_yellow\">FRB\u304c\u91d1\u5229\u3092\u4e0a\u3052\u308b\u3068\u3001BDC\u304c\u53d7\u3051\u53d6\u308b\u5229\u606f\u53ce\u5165\u3082\u81ea\u52d5\u7684\u306b\u5897\u3048\u307e\u3057\u305f<\/span><\/strong>\u3002<\/p>\n\n\n\n<p>3\u3064\u76ee\u306f\u3001\u501f\u308a\u305f\u304a\u91d1\u3067\u6295\u8cc7\u3092\u52a0\u901f\u3055\u305b\u308b\u30ec\u30d0\u30ec\u30c3\u30b8\u306e\u6d3b\u7528\u3067\u3059\u3002<br>BDC\u306f\u81ea\u5df1\u8cc7\u672c\u306e2\u500d\u307e\u3067\u501f\u5165\u304c\u8a8d\u3081\u3089\u308c\u3066\u3044\u307e\u3059\u3002<br>\u3055\u3089\u306b<strong><span class=\"swl-marker mark_yellow\">\u30d5\u30a1\u30f3\u30c9\u304c\u9280\u884c\u304b\u3089\u67d4\u8edf\u306b\u8cc7\u91d1\u3092\u501f\u5165\u308c\u3066\u6295\u8cc7\u898f\u6a21\u3092\u81a8\u3089\u307e\u305b\u3089\u308c\u308b\u300c\u30d0\u30c3\u30af\u30ec\u30d0\u30ec\u30c3\u30b8\u300d\u3068\u3044\u3046\u4ed5\u7d44\u307f\u3082\u4f7f\u308f\u308c\u3066\u3044\u307e\u3059<\/span><\/strong>\u3002<br><br>4\u3064\u76ee\u3068\u3057\u3066\u3001<strong><span class=\"swl-marker mark_yellow\">\u5927\u624b\u4f01\u696d\u306b\u6bd4\u3079\u3066\u5012\u7523\u30ea\u30b9\u30af\u304c\u9ad8\u3044\u4e2d\u5805\u4f01\u696d\u306b\u6295\u8cc7\u3092\u3059\u308b\u5206\u3001\u30ea\u30b9\u30af\u30d7\u30ec\u30df\u30a2\u30e0\u304c\u4e0a\u4e57\u305b<\/span><\/strong>\u3089\u308c\u3066\u3044\u308b\u3053\u3068\u304c\u6319\u3052\u3089\u308c\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u3053\u308c\u3089\u306f\u5168\u3066\u3001\u300c\u91d1\u5229\u9ad8\u6b62\u307e\u308a\u300d\u3068\u300c\u501f\u308a\u624b\u306e\u5065\u5168\u6027\u300d\u3068\u3044\u30462\u3064\u306e\u524d\u63d0\u3067\u904b\u7528\u3055\u308c\u3066\u3044\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u30d7\u30e9\u30a4\u30d9\u30fc\u30c8\u30af\u30ec\u30b8\u30c3\u30c8\u3078\u306e<strong>\u30ea\u30c6\u30fc\u30eb\u6d41\u5165\u3068\u3044\u3046\u4f0f\u7dda<\/strong><\/h2>\n\n\n\n<p>\u3053\u306e\u5e02\u5834\u3092\u652f\u914d\u3059\u308b\u306e\u306f\u30a2\u30dd\u30ed\u3001\u30d6\u30e9\u30c3\u30af\u30b9\u30c8\u30fc\u30f3\u3001\u30a2\u30ec\u30b9(Ares)\u3001\u30d6\u30eb\u30fc\u30aa\u30a6\u30eb\u3001KKR\u3002<br>\u904b\u7528\u4f1a\u793e\u306f\u904e\u53bb5\u5e74\u3001<strong><span class=\"swl-marker mark_yellow\">\u6a5f\u95a2\u6295\u8cc7\u5bb6\u5411\u3051\u3060\u3063\u305f\u3053\u306e\u5546\u54c1\u3092\u500b\u4eba\u5bcc\u88d5\u5c64\u306b\u958b\u653e\u3057<\/span><\/strong>\u3001BDC\u306e\u904b\u7528\u8cc7\u7523\u306f\u6025\u62e1\u5927\u3057\u307e\u3057\u305f\u3002<br>\u3053\u3053\u3067\u69cb\u9020\u7684\u306a\u77db\u76fe\u304c\u767a\u751f\u3057\u305f\u306e\u3067\u3059\u3002<\/p>\n\n\n\n<p>\u6a5f\u95a2\u6295\u8cc7\u5bb6\u306f7\u301c10\u5e74\u306e\u30ed\u30c3\u30af\u30a2\u30c3\u30d7(\u8cc7\u91d1\u5f15\u304d\u51fa\u3057\u5236\u9650\u671f\u9593)\u306b\u6163\u308c\u3066\u3044\u307e\u3059\u304c\u3001\u30ea\u30c6\u30fc\u30eb(\u500b\u4eba)\u306f\u9055\u3046\u3002<br>\u4e0d\u5b89\u3092\u611f\u3058\u308c\u3070\u5373\u89e3\u7d04\u3057\u3088\u3046\u3068\u3057\u307e\u3059\u3002\u8cc7\u7523\u306f\u975e\u6d41\u52d5\u7684\u306a\u307e\u307e\u3001\u6295\u8cc7\u5bb6\u306e\u884c\u52d5\u30d1\u30bf\u30fc\u30f3\u3060\u3051\u304c\u77ed\u671f\u5316\u3057\u305f\u3001\u3053\u308c\u304cQ1\u306e\u89e3\u7d04\u6bba\u5230\u306e\u7406\u7531\u3067\u3059\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u300cBad PIK\u300d\u306e\u6025\u5897\u3082\u554f\u984c\u306b<\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"1075\" height=\"590\" src=\"https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/57d0313b2d1868fb9680ee22f06aee59-1.jpg\" alt=\"\" class=\"wp-image-9223\" srcset=\"https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/57d0313b2d1868fb9680ee22f06aee59-1.jpg 1075w, https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/57d0313b2d1868fb9680ee22f06aee59-1-300x165.jpg 300w, https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/57d0313b2d1868fb9680ee22f06aee59-1-768x422.jpg 768w\" sizes=\"(max-width: 1075px) 100vw, 1075px\" \/><\/figure>\n\n\n\n<p>2025\u5e749\u6708\u3001\u81ea\u52d5\u8eca\u90e8\u54c1\u306e\u30d5\u30a1\u30fc\u30b9\u30c8\u30d6\u30e9\u30f3\u30ba(\u8ca0\u50b5116\u5104\u30c9\u30eb)\u3068\u30b5\u30d6\u30d7\u30e9\u30a4\u30e0\u81ea\u52d5\u8eca\u30ed\u30fc\u30f3\u306e\u30c8\u30ea\u30b3\u30ed\u30fc\u30eb(\u8cb8\u3057\u624b\u306e\u878d\u8cc7\u6b8b\u9ad89\u5104\u30c9\u30eb)\u304c\u76f8\u6b21\u3044\u3067\u7834\u7dbb\u3002<br>\u4e21\u793e\u3068\u3082\u4e0d\u6b63(\u540c\u3058\u8cc7\u7523\u3092\u8907\u6570\u306e\u8cb8\u3057\u624b\u306b\u62c5\u4fdd\u3068\u3057\u3066\u5dee\u3057\u5165\u308c\u308b\u300c\u4e8c\u91cd\u8cea\u6a29\u8a2d\u5b9a\u300d\u306a\u3069)\u304c\u7d61\u3080\u500b\u5225\u4e8b\u6848\u3068\u306e\u898b\u65b9\u3082\u3042\u308a\u307e\u3059\u3002\u305f\u3060\u3001\u30e1\u30c7\u30a3\u30a2\u306e\u8ad6\u8abf\u306f\u4e00\u5909\u3057\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<p>\u305d\u306e\u5f8c\u3001\u683c\u4ed8\u3051\u6a5f\u95a2\u30d5\u30a3\u30c3\u30c1\u30fb\u30ec\u30fc\u30c6\u30a3\u30f3\u30b0\u30b9\u304c\u96c6\u8a08\u3057\u305fPCDR(\u30d7\u30e9\u30a4\u30d9\u30fc\u30c8\u30af\u30ec\u30b8\u30c3\u30c8\u30fb\u30c7\u30d5\u30a9\u30eb\u30c8\u7387)\u306f\u30012026\u5e741\u6708\u6642\u70b9\u3067TTM(Trailing Twelve Months\uff1a\u76f4\u8fd112\u30f6\u6708\u7d2f\u8a08)5.8%\u3068\u30012024\u5e748\u6708\u306e\u96c6\u8a08\u958b\u59cb\u4ee5\u964d\u306e\u6700\u9ad8\u5024\u306b\u3002<br>\u7279\u306b\u683c\u4ed8\u76e3\u8996(PMR)\u90e8\u5206\u306f9.4%\u306b\u9054\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u3055\u3089\u306b\u6df1\u523b\u306a\u306e\u304c<strong><span class=\"swl-marker mark_yellow\">\u300cBad PIK\u300d(\u60aa\u3044\u73fe\u7269\u6255\u3044)\u3068\u547c\u3070\u308c\u308b\u73fe\u91d1\u3067\u5229\u6255\u3044\u305b\u305a\u5143\u672c\u306b\u7a4d\u307f\u5897\u3059\u63aa\u7f6e\u306e\u6025\u5897<\/span><\/strong>\u3002<br>KBRA\u3068\u30d5\u30a3\u30c3\u30c1\u306b\u3088\u308c\u3070\u3001Q1 2026\u3067\u30d7\u30e9\u30a4\u30d9\u30fc\u30c8\u30c7\u30c3\u30c8\u5168\u4f53\u306e6.4%\u306b\u9054\u3057\u3066\u3044\u307e\u3059\u3002<br>\u5229\u6255\u3044\u5206\u3092\u5143\u672c\u306b\u7a4d\u307f\u5897\u3059\u3053\u3068\u3067\u3001\u8868\u9762\u7684\u306a\u30c7\u30d5\u30a9\u30eb\u30c8\u7387\u3092\u4f4e\u304f\u898b\u305b\u3066\u3044\u308b\u3060\u3051\u3001\u3068\u3044\u3046\u306e\u304c\u5b9f\u614b\u3067\u3059\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>2026Q1\u306b\u5b9f\u969b\u306b\u8d77\u304d\u305f\u3053\u3068<\/strong><\/h2>\n\n\n\n<p>2026Q1\u306b\u5b9f\u969b\u306b\u4f55\u304c\u8d77\u304d\u305f\u306e\u304b\u3092\u6539\u3081\u3066\u632f\u308a\u8fd4\u3063\u3066\u304a\u304d\u307e\u3057\u3087\u3046\u3002<br>\u4ee5\u4e0b\u306f\u5404BDC\u3067\u8d77\u304d\u305f\u3053\u3068\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>\u30d6\u30eb\u30fc\u30aa\u30a6\u30eb OTIC(Blue Owl Technology Income Corp.)<br>\u30c6\u30c3\u30af\u7279\u5316\u300162\u5104\u30c9\u30eb\u306eBDC\u3002<br>\u89e3\u7d04\u8981\u6c4240.7%\u300225\u5104\u30c9\u30eb\u8981\u6c42\u306e\u3046\u30611.79\u5104\u30c9\u30eb\u3057\u304b\u5c65\u884c\u3055\u308c\u305a\u30011\u30c9\u30eb\u3042\u305f\u308a14\u30bb\u30f3\u30c8\u3002<br>2025\u5e7411\u6708\u306b\u306f\u4e0a\u5834BDC\u3068\u306e\u5408\u4f75\u3067\u6295\u8cc7\u5bb6\u306b\u5373\u5ea7\u306b20%\u306e\u640d\u5931\u3092\u62bc\u3057\u4ed8\u3051\u308b\u8a08\u753b\u304c\u53cd\u767a\u3067\u64a4\u56de\u30012026\u5e741\u6708\u306b\u8a34\u8a1f\u3082\u63d0\u8d77\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/li>\n\n\n\n<li>\u30a2\u30dd\u30ed ADS(Apollo Debt Solutions BDC)<br>250\u5104\u30c9\u30eb\u898f\u6a21\u30022026\u5e743\u670823\u65e5\u3001\u89e3\u7d0411.2%\u306b\u5bfe\u30575%\u30b2\u30fc\u30c8\u767a\u52d5\u3002\u6295\u8cc7\u5bb6\u306f45\u30bb\u30f3\u30c8\u30aa\u30f3\u30b6\u30c9\u30eb\u3002<\/li>\n\n\n\n<li>\u30d6\u30e9\u30c3\u30af\u30b9\u30c8\u30fc\u30f3 BCRED(Blackstone Private Credit Fund)<br>\u89e3\u7d04\u4e0a\u9650\u30925%\u21927.9%\u3078\u81e8\u6642\u5f15\u304d\u4e0a\u3052\u3001\u81ea\u793e\u30d0\u30e9\u30f3\u30b9\u30b7\u30fc\u30c8\u304b\u30894\u5104\u30c9\u30eb\u6ce8\u5165\u3002<br>\u682a\u4fa1\u306f\u4e00\u66422\u5e74\u3076\u308a\u5b89\u5024\u3002<\/li>\n\n\n\n<li>\u30b4\u30fc\u30eb\u30c9\u30de\u30f3\u30b5\u30c3\u30af\u30b9 \u975e\u4e0a\u5834BDC<br>4.999%\u3067\u304e\u308a\u304e\u308a\u56de\u907f\u3002\u6a5f\u95a2\u6295\u8cc7\u5bb6\u6bd4\u738780%\u4ee5\u4e0a\u3068\u3044\u3046\u6295\u8cc7\u5bb6\u69cb\u6210\u3067\u52a9\u304b\u3063\u305f\u3002<\/li>\n<\/ul>\n<\/div><\/div>\n\n\n\n<p>\u305d\u3057\u3066JP\u30e2\u30eb\u30ac\u30f3\u304c2026\u5e743\u6708\u3001\u30bd\u30d5\u30c8\u30a6\u30a7\u30a2\u95a2\u9023\u30ed\u30fc\u30f3\u306e\u62c5\u4fdd\u8a55\u4fa1\u3092\u5f15\u304d\u4e0b\u3052\u3001\u30d7\u30e9\u30a4\u30d9\u30fc\u30c8\u30af\u30ec\u30b8\u30c3\u30c8\u30d5\u30a1\u30f3\u30c9\u3078\u306e\u30d0\u30c3\u30af\u30ec\u30d0\u30ec\u30c3\u30b8(\u30d5\u30a1\u30f3\u30c9\u304c\u9280\u884c\u304b\u3089\u501f\u308a\u3066\u6295\u8cc7\u898f\u6a21\u3092\u81a8\u3089\u307e\u305b\u308b\u878d\u8cc7)\u3092\u7d5e\u308a\u59cb\u3081\u307e\u3057\u305f\u3002<br>\u4ed6\u306e\u9280\u884c\u304c\u8ffd\u968f\u3059\u308c\u3070\u3001\u30d5\u30a1\u30f3\u30c9\u306f\u8ffd\u52a0\u62c5\u4fdd\u3092\u6c42\u3081\u3089\u308c\u5f37\u5236\u58f2\u5374\u3092\u8feb\u3089\u308c\u308b\u3068\u3044\u3046\u5371\u6a5f\u7684\u6bb5\u968e\u306b\u7247\u8db3\u3092\u7a81\u3063\u8fbc\u3093\u3067\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>2008\u5e74\u3068\u540c\u3058\u3088\u3046\u306a\u5d29\u58ca\u306b\u3064\u306a\u304c\u308b\u306e\u304b<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"1090\" height=\"551\" src=\"https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/c8fa57bf541fd92268682507c0c4d097.jpg\" alt=\"\" class=\"wp-image-9219\" srcset=\"https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/c8fa57bf541fd92268682507c0c4d097.jpg 1090w, https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/c8fa57bf541fd92268682507c0c4d097-300x152.jpg 300w, https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/c8fa57bf541fd92268682507c0c4d097-768x388.jpg 768w\" sizes=\"(max-width: 1090px) 100vw, 1090px\" \/><\/figure>\n\n\n\n<p>\u6295\u8cc7\u5bb6\u3068\u3057\u3066\u6c17\u306b\u306a\u308b\u306e\u306f\u3001\u30d7\u30e9\u30a4\u30d9\u30fc\u30c8\u30af\u30ec\u30b8\u30c3\u30c8\u306e\u5371\u6a5f\u304c\u3001\u4eca\u5f8c\u3069\u3053\u307e\u3067\u5e83\u304c\u308b\u304b\u3060\u3068\u601d\u3044\u307e\u3059\u3002<br>\u3053\u308c\u306b\u3064\u3044\u3066\u7d50\u8ad6\u304b\u3089\u8a00\u3046\u3068\u3001<strong><span class=\"swl-marker mark_yellow\">\u4e00\u591c\u3067\u91d1\u878d\u30b7\u30b9\u30c6\u30e0\u304c\u5d29\u58ca\u3059\u308b\u3088\u3046\u306a2008\u5e74\u578b\u306b\u306f\u306a\u3089\u306a\u3044\u53ef\u80fd\u6027\u304c\u9ad8\u3044<\/span><\/strong>\u3068\u307f\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u6839\u62e0\u306f3\u3064\u3042\u308a\u307e\u3059\u3002<br><br>1\u3064\u76ee\u306f\u3001\u9280\u884c\u306e\u8cc7\u672c\u304c\u5f53\u6642\u3088\u308a\u3082\u539a\u3044\u304b\u3089\u3067\u3059\u3002<br>\u30ea\u30fc\u30de\u30f3\u30fb\u30b7\u30e7\u30c3\u30af\u5f8c\u306e\u898f\u5236\u5f37\u5316\u306b\u3088\u308a\u3001\u9280\u884c\u306f\u640d\u5931\u3092\u5438\u53ce\u3067\u304d\u308b\u4f53\u529b\u3092\u5927\u5e45\u306b\u9ad8\u3081\u3066\u3044\u307e\u3059\u3002<br><br>2\u3064\u76ee\u306e\u6839\u62e0\u3068\u3057\u3066\u306f\u3001\u30d7\u30e9\u30a4\u30d9\u30fc\u30c8\u30af\u30ec\u30b8\u30c3\u30c8\u304c\u57fa\u672c\u7684\u306b\u30a8\u30af\u30a4\u30c6\u30a3\u306b\u88cf\u4ed8\u3051\u3089\u308c\u3066\u3044\u308b\u3053\u3068\u304c\u6319\u3052\u3089\u308c\u307e\u3059\u3002<br>\u501f\u308a\u624b(\u878d\u8cc7\u3092\u53d7\u3051\u308b\u4f01\u696d)\u5074\u304c\u30a8\u30af\u30a4\u30c6\u30a3(\u682a\u4e3b\u304c\u51fa\u3057\u305f\u8cc7\u91d1\u30fb\u81ea\u5df1\u8cc7\u672c)\u3092\u7a4d\u3093\u3067\u3044\u308b\u305f\u3081\u3001\u4eee\u306b\u878d\u8cc7\u304c\u7126\u3052\u4ed8\u3044\u3066\u3082\u3001\u307e\u305a\u305d\u306e\u30a8\u30af\u30a4\u30c6\u30a3\u3067\u640d\u5931\u304c\u5438\u53ce\u3055\u308c\u307e\u3059\u3002<br>\u30af\u30ec\u30b8\u30c3\u30c8\u6295\u8cc7\u5bb6\u3078\u306e\u5f71\u97ff\u306f\u3001\u305d\u306e\u5f8c\u306b\u6765\u307e\u3059\u3002<br><br>3\u3064\u76ee\u306f\u3001<strong><span class=\"swl-marker mark_yellow\">FAS 157(\u4fdd\u6709\u8cc7\u7523\u3092\u6642\u4fa1\u3067\u8a55\u4fa1\u3057\u76f4\u3059\u3053\u3068\u3092\u5f37\u5236\u3059\u308b\u30eb\u30fc\u30eb)\u304c\u5f53\u6642\u307b\u3069\u6a5f\u68b0\u7684\u306b\u50cd\u304b\u306a\u3044<\/span><\/strong>\u304b\u3089\u3067\u3059\u3002<br>2008\u5e74\u5f53\u6642\u306b\u306f\u3001FAS157\u306e\u5b58\u5728\u304c\u3001\u300c\u8a55\u4fa1\u640d\u2192\u81ea\u5df1\u8cc7\u672c\u6bc0\u640d\u2192\u3055\u3089\u306a\u308b\u58f2\u308a\u300d\u3068\u3044\u3046\u9023\u9396\u3092\u52a0\u901f\u3055\u305b\u307e\u3057\u305f\u3002<br>\u73fe\u5728\u306e\u30d7\u30e9\u30a4\u30d9\u30fc\u30c8\u30af\u30ec\u30b8\u30c3\u30c8\u306f\u5e02\u5834\u3067\u65e5\u3005\u53d6\u5f15\u3055\u308c\u308b\u8cc7\u7523\u3067\u306f\u306a\u3044\u305f\u3081\u3001\u3053\u306e\u5f37\u5236\u8a55\u4fa1\u304c\u6a5f\u68b0\u7684\u306b\u767a\u52d5\u3057\u306b\u304f\u3044\u69cb\u9020\u3067\u3059\u3002<\/p>\n\n\n\n<p>\u3064\u307e\u308a\u554f\u984c\u304c\u8d77\u304d\u305f\u6642\u5373\u6642\u4e0b\u65b9\u30b9\u30d1\u30a4\u30e9\u30eb\u304c\u767a\u751f\u3059\u308b\u30e1\u30ab\u30cb\u30ba\u30e0\u304c\u306a\u3044\u306e\u3067\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u3086\u3063\u304f\u308a\u3068\u3057\u305f\u4fe1\u7528\u53ce\u7e2e\u304c\u9032\u884c\u4e2d<\/h3>\n\n\n\n<p>\u305f\u3060\u3057\u3001\u3086\u3063\u304f\u308a\u3068\u3057\u305f\u4fe1\u7528\u53ce\u7e2e\u306f\u3001\u3059\u3067\u306b\u9032\u884c\u4e2d\u3060\u3068\u8003\u3048\u308b\u306e\u304c\u59a5\u5f53\u3067\u3059\u3002<\/p>\n\n\n\n<p>JP\u30e2\u30eb\u30ac\u30f3CEO\u306e\u30b8\u30a7\u30fc\u30e0\u30ba\u30fb\u30c0\u30a4\u30e2\u30f3\u306f2026\u5e744\u6708\u306e\u682a\u4e3b\u5e74\u6b21\u30ec\u30bf\u30fc\u3067\u300c<strong><span class=\"swl-marker mark_yellow\">\u30af\u30ec\u30b8\u30c3\u30c8\u30b5\u30a4\u30af\u30eb\u304c\u6765\u308c\u3070\u3001\u30ec\u30d0\u30ec\u30c3\u30b8\u30c9\u30ec\u30f3\u30c7\u30a3\u30f3\u30b0\u5168\u4f53\u306e\u640d\u5931\u306f\u74b0\u5883\u5bfe\u6bd4\u3067\u4e88\u60f3\u3092\u4e0a\u56de\u308b<\/span><\/strong>\u300d\u3068\u660e\u8a00\u3002<br>\u30d5\u30a1\u30fc\u30b9\u30c8\u30d6\u30e9\u30f3\u30ba\u7834\u7dbb\u6642\u306e\u300c\u30b4\u30ad\u30d6\u30ea\u30921\u5339\u898b\u305f\u3089\u3001\u4ed6\u306b\u3082\u3044\u308b\u300d\u767a\u8a00\u304c\u3001\u4eca\u3084\u73fe\u5b9f\u5473\u3092\u5e2f\u3073\u3066\u304d\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u89e3\u7d04\u306f<strong><span class=\"swl-marker mark_yellow\">\u56db\u534a\u671f\u3054\u3068\u306e\u89e3\u7d04\u30a6\u30a4\u30f3\u30c9\u30a6\u3092\u523b\u307f\u306a\u304c\u3089\u3001\u6b21\u306e\u89e3\u7d04\u306e\u6ce2\u304c\u3084\u3063\u3066\u304f\u308b<\/span><\/strong>\u3002<br>\u3053\u308c\u304c2\u301c3\u5e74\u7d9a\u3051\u3070\u3001\u4e2d\u5805\u4f01\u696d\u306e\u8cc7\u91d1\u8abf\u9054\u306f\u53ce\u7e2e\u3057\u3001\u96c7\u7528\u3068\u8a2d\u5099\u6295\u8cc7\u306b\u78ba\u5b9f\u306b\u6ce2\u53ca\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>\u500b\u4eba\u6295\u8cc7\u5bb6\u304c\u77e5\u3063\u3066\u304a\u304f\u3079\u304d\u3053\u3068<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"1075\" height=\"590\" src=\"https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/57d0313b2d1868fb9680ee22f06aee59.jpg\" alt=\"\" class=\"wp-image-9220\" srcset=\"https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/57d0313b2d1868fb9680ee22f06aee59.jpg 1075w, https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/57d0313b2d1868fb9680ee22f06aee59-300x165.jpg 300w, https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/57d0313b2d1868fb9680ee22f06aee59-768x422.jpg 768w\" sizes=\"(max-width: 1075px) 100vw, 1075px\" \/><\/figure>\n\n\n\n<p>\u4eca\u56de\u306e\u554f\u984c\u3067\u300c\u30bb\u30df\u30ea\u30af\u30a4\u30c9(\u534a\u6d41\u52d5\u7684)\u300d\u3068\u30de\u30fc\u30b1\u30c6\u30a3\u30f3\u30b0\u3055\u308c\u305f\u5546\u54c1\u304c\u3001\u5b9f\u306f\u300c\u6761\u4ef6\u4ed8\u304d\u30ea\u30af\u30a4\u30c9\u300d\u3060\u3063\u305f\u3053\u3068\u304c\u660e\u3089\u304b\u306b\u306a\u308a\u307e\u3057\u305f\u3002<br><strong><span class=\"swl-marker mark_yellow\">\u300c\u51fa\u3057\u305f\u3044\u6642\u306b\u51fa\u305b\u308b\u300d\u3068\u300c\u51fa\u305b\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u300d\u306f\u5168\u304f\u9055\u3044\u307e\u3059<\/span><\/strong>\u3002<\/p>\n\n\n\n<p>\u6ce8\u76ee\u3059\u3079\u304d\u306f\u3001\u30dc\u30a2\u30ba\u30fb\u30ef\u30a4\u30f3\u30b9\u30bf\u30a4\u30f3\u7387\u3044\u308b\u30b5\u30d0\u30fb\u30ad\u30e3\u30d4\u30bf\u30eb\u306e\u3088\u3046\u306a\u30a2\u30af\u30c6\u30a3\u30d3\u30b9\u30c8\u30fb\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u304c\u3001\u30d6\u30eb\u30fc\u30aa\u30a6\u30eb OBDC II\u306a\u3069\u306b\u5bfe\u3057\u3066NAV(\u7d14\u8cc7\u7523\u4fa1\u5024)\u5bfe\u6bd433%\u306e\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\u3067\u516c\u958b\u8cb7\u4ed8\u3092\u4ed5\u639b\u3051\u3066\u3044\u308b\u70b9\u3067\u3059\u3002<br>\u51fa\u53e3\u3092\u6c42\u3081\u308b\u6295\u8cc7\u5bb6\u306b\u6d41\u52d5\u6027\u3092\u63d0\u4f9b\u3057\u3064\u3064\u3001\u30d7\u30ed\u304c\u898b\u308b\u300c\u672c\u5f53\u306e\u5024\u6bb5\u300d\u3092\u5e02\u5834\u306b\u793a\u3057\u3066\u3044\u308b\u3002<br>\u30bb\u30ab\u30f3\u30c0\u30ea\u30fc\u5e02\u5834\u306e\u672a\u6210\u719f\u3055\u304c\u4e00\u6c17\u306b\u300c\u767a\u898b\u300d\u3055\u308c\u308b\u30d7\u30ed\u30bb\u30b9\u3067\u3059\u3002<\/p>\n\n\n\n<p>\u91d1\u5229\u4f4e\u4e0b\u5c40\u9762\u306b\u5165\u3063\u3066\u3082\u3001\u904e\u53bb\u306e10%\u53f0\u5229\u56de\u308a\u306f\u3082\u3046\u623b\u3063\u3066\u3053\u306a\u3044\u3068\u898b\u308b\u306e\u304c\u5408\u7406\u7684\u3002<br><strong><span class=\"swl-marker mark_yellow\">\u9ad8\u91d1\u5229\u304c\u652f\u3048\u3066\u3044\u305f\u69cb\u9020\u3060\u304b\u3089\u3053\u305d\u3001\u305d\u306e\u7d42\u7109\u3068\u3068\u3082\u306b\u5229\u56de\u308a\u306e\u6e90\u6cc9\u3092\u69cb\u9020\u7684\u306b\u554f\u3044\u76f4\u3059\u5c40\u9762<\/span><\/strong>\u306b\u5165\u3063\u3066\u3044\u308b\u306e\u3067\u306f\u306a\u3044\u3067\u3057\u3087\u3046\u304b\uff1f<\/p>\n\n\n<div 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 class=\"cta_text01_02\">\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   <p class=\"cta_text02\">\u25bc\u30d7\u30ed\u304c\u9078\u3093\u30603\u9298\u67c4\u3092\u7121\u6599\u3067\u3054\u63d0\u6848\u25bc<\/p>\n  <\/div>\n\n  <form method=\"POST\" action=\"https:\/\/report.calltree-system.com\/jio\/register.php\">\n  <input type=\"hidden\" name=\"success-page\" value=\"https:\/\/trend-scouter.jp\/jio\/pages\/thanks.html\"> <!-- value\u306b\u306f \u767b\u9332\u6210\u529f\u6642\u306e\u9077\u79fb\u5148\u3092 https:\/\/ \u304b\u3089\u30d5\u30eb\u30d1\u30b9\u3067\u6307\u5b9a\u3059\u308b -->\n  <input type=\"hidden\" name=\"error-page\" value=\"https:\/\/trend-scouter.jp\/jio\/pages\/error.html\"> <!-- value\u306b\u306f \u767b\u9332\u5931\u6557\u6642\u306e\u9077\u79fb\u5148\u3092 https:\/\/ \u304b\u3089\u30d5\u30eb\u30d1\u30b9\u3067\u6307\u5b9a\u3059\u308b -->\n  <input type=\"hidden\" name=\"check-email-duplication\" value=\"1\"><!-- \u91cd\u8907\u767b\u9332\u6642\u30a8\u30e9\u30fc\u7528 -->\n    <!-- \u30ea\u30d5\u30a1\u30e9\u30fc -->\n<input type=\"hidden\" name=\"referer\" value=\"\">\n<input type=\"hidden\" name=\"code\" value=\"\">\n<input type=\"hidden\" name=\"utm_source\" value=\"\">\n<input type=\"hidden\" name=\"utm_medium\" value=\"\">\n<input type=\"hidden\" name=\"utm_campaign\" value=\"\">\n\t<div class=\"kijishitacv\">\n\t\t<div class=\"left_box\">\n\t\t\t<input name=\"email\" placeholder=\"\u3053\u3053\u306b\u30e1\u30fc\u30eb\u30a2\u30c9\u30ec\u30b9\u3092\u5165\u529b\" id=\"Usermail\" value=\"\" class=\"form_input_input\" type=\"email\" required\/>\n\t\t\t<div>\n\t\t\t<label><input type=\"checkbox\" class=\"checkbox1\" name=\"privacy\" value=\"1\" checked \/><a href=\"https:\/\/trend-scouter.jp\/jio\/pages\/privacy.html\" 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\/kaerusan\/\"><img decoding=\"async\" src=\"https:\/\/jioinc.jp\/investleaders\/wp-content\/uploads\/cropped-kaeru-96x96-1.png\" alt=\"nari\" width=\"309\" height=\"310\" class=\"photo\"><\/a><\/p><div class=\"weiter-text\">\n\t\t    <p class=\"weiter-name\"><a href=\"https:\/\/jioinc.jp\/investleaders\/editorial_department\/kaerusan\/\">\u304b\u3048\u308b\u3055\u3093<\/a><\/p><p class=\"weiter-prof01\">\u5143\u5916\u8cc7\u7cfb\u8a3c\u5238\u682a\u5f0f\u672c\u90e8\u9577\u30de\u30cd\u30b8\u30f3\u30b0\u30c7\u30a3\u30ec\u30af\u30bf\u30fc<\/p>\n\t\t<\/div><div class=\"weiter-profbox\">\n\t\t    <div class=\"weiter-prof02\">\n\t\t      <p class=\"weiter-proftext\">\u65e5\u7cfb\u8a3c\u5238\u500b\u4eba\u55b6\u696d\u304b\u3089\u8a3c\u5238\u4eba\u751f\u3092\u30b9\u30bf\u30fc\u30c8\u3002\u305d\u306e\u5f8c\u30ed\u30f3\u30c9\u30f3\u3068\u6771\u4eac\u3092\u62e0\u70b9\u306b20\u5e74\u4ee5\u4e0a\u306b\u6e21\u3063\u3066\u5916\u8cc7\u7cfb\u8a3c\u5238\u4f1a\u793e\u306e\u4e3b\u306b\u30c8\u30ec\u30fc\u30c7\u30a3\u30f3\u30b0\u30c7\u30b9\u30af\u53ca\u3073\u5404\u30de\u30cd\u30b8\u30e1\u30f3\u30c8\u8077\u3092\u6b74\u4efb\u30022019\u5e74\u9000\u8077\u3002\u5f97\u610f\u5206\u91ce\u306f\u30d5\u30ed\u30fc\u306e\u88cf\u5074\u5206\u6790\u53ca\u3073\u5e02\u5834\u69cb\u9020\u5206\u6790\u3002\u73fe\u5728\u306fX\u3084note\u306a\u3069\u3067\u500b\u4eba\u6295\u8cc7\u5bb6\u5411\u3051\u682a\u5f0f\u6295\u8cc7\u306e\u77e5\u8b58\u63d0\u4f9b\u4e2d\u5fc3\u306b\u60a0\u3005\u81ea\u9069\u751f\u6d3b\u3092\u9001\u308b\u3002\u8da3\u5473\u306f\u98df\u3068\u30af\u30eb\u30de\u3002<\/p>\n\t\t    <\/div>\n\t\t  <\/div><div class=\"snsbox\">\n\t\t            <ul><li><a href=\"https:\/\/x.com\/stock_love8603\" target=\"_blank\"><i class=\"fa-brands fa-x-twitter\"><\/i><\/a><\/li><\/ul>\n\t\t   <\/div><div><a href=\"https:\/\/jioinc.jp\/investleaders\/editorial_department\/kaerusan\/\" class=\"btn btn-kijiall\">\u3053\u306e\u8457\u8005\u306e\u8a18\u4e8b\u4e00\u89a7\u3078\u3000\uff1e<\/a><\/div>\n\t <\/div>\n\t <\/div>\n","protected":false},"excerpt":{"rendered":"<p>2025\u5e749\u6708\u306e\u7c73\u81ea\u52d5\u8eca\u90e8\u54c1\u5927\u624b\u30d5\u30a1\u30fc\u30b9\u30c8\u30d6\u30e9\u30f3\u30ba(First Brands)\u3001\u81ea\u52d5\u8eca\u8ca9\u58f2\u5927\u624b\u30c8\u30ea\u30b3\u30ed\u30fc\u30eb(Tricolor)\u306e\u7834\u7dbb\u304b\u3089\u534a\u5e74\u4f59\u308a\u3002\u7c73\u56fd\u30d7\u30e9\u30a4\u30d9\u30fc\u30c8\u30af\u30ec\u30b8\u30c3\u30c8\u5e02\u5834\u306f\u3001\u79c1\u306e\u898b\u7acb\u3066\u3092\u4e0a\u56de\u308b\u30b9\u30d4\u30fc\u30c9\u3067\u60aa\u5316\u3057\u3066\u3044\u307e [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":9225,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"swell_btn_cv_data":"","footnotes":""},"categories":[34],"tags":[47],"class_list":["post-9202","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-marketnews","tag-kaerusan"],"acf":[],"_links":{"self":[{"href":"https:\/\/jioinc.jp\/investleaders\/wp-json\/wp\/v2\/posts\/9202","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jioinc.jp\/investleaders\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jioinc.jp\/investleaders\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jioinc.jp\/investleaders\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/jioinc.jp\/investleaders\/wp-json\/wp\/v2\/comments?post=9202"}],"version-history":[{"count":5,"href":"https:\/\/jioinc.jp\/investleaders\/wp-json\/wp\/v2\/posts\/9202\/revisions"}],"predecessor-version":[{"id":9240,"href":"https:\/\/jioinc.jp\/investleaders\/wp-json\/wp\/v2\/posts\/9202\/revisions\/9240"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/jioinc.jp\/investleaders\/wp-json\/wp\/v2\/media\/9225"}],"wp:attachment":[{"href":"https:\/\/jioinc.jp\/investleaders\/wp-json\/wp\/v2\/media?parent=9202"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jioinc.jp\/investleaders\/wp-json\/wp\/v2\/categories?post=9202"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jioinc.jp\/investleaders\/wp-json\/wp\/v2\/tags?post=9202"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}