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\u4f1a\u793e\u6982\u8981\u6b04<\/strong><\/h3>\n\n\n\n

\u4f01\u696d\u304c\u3069\u3093\u306a\u4e8b\u696d\u3092\u3057\u3066\u3044\u308b\u306e\u304b\u3092\u7c21\u5358\u306b\u628a\u63e1\u3067\u304d\u308b\u30a8\u30ea\u30a2\u3067\u3059\u3002\u30bb\u30b0\u30e1\u30f3\u30c8\uff08\u4e8b\u696d\u306e\u533a\u5206\uff09\u3084\u4e3b\u529b\u5546\u54c1\u306e\u5185\u5bb9\u3001\u30cb\u30c3\u30c1\u306a\u6280\u8853\u3001\u6d77\u5916\u5c55\u958b\u306a\u3069\u304c\u7c21\u6f54\u306b\u307e\u3068\u3081\u3089\u308c\u3066\u3044\u307e\u3059\u3002\u696d\u7a2e\u5206\u985e\u3082\u8a18\u8f09\u3055\u308c\u3066\u3044\u308b\u305f\u3081\u3001\u540c\u696d\u4ed6\u793e\u3068\u6bd4\u8f03\u3059\u308b\u969b\u306e\u57fa\u6e96<\/strong>\u306b\u3082\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n

\u696d\u7e3e\u6b04<\/strong><\/h3>\n\n\n\n

\u904e\u53bb2\u671f\u5206\u3068\u4eca\u671f\u30fb\u6765\u671f\u306e\u696d\u7e3e\u4e88\u60f3\uff08\u58f2\u4e0a\u9ad8\u30fb\u55b6\u696d\u5229\u76ca\u30fb\u7d4c\u5e38\u5229\u76ca\u30fb\u7d14\u5229\u76ca\uff09 \u304c\u63b2\u8f09<\/strong>\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n

\u58f2\u4e0a\u3084\u5229\u76ca\u304c\u53f3\u80a9\u4e0a\u304c\u308a\u304b\uff1f \u5229\u76ca\u7387\uff08\u55b6\u696d\u5229\u76ca\u00f7\u58f2\u4e0a\u9ad8\uff09\u306f\u4f55\uff05\u306a\u306e\u304b\uff1f\u55b6\u696d\u5229\u76ca\u738710\uff05\u4ee5\u4e0a\u306a\u3089\u9ad8\u53ce\u76ca\u4f01\u696d\u306e\u53ef\u80fd\u6027\uff08\u55b6\u696d\u5229\u76ca\u7387\uff1d\u55b6\u696d\u5229\u76ca\u00f7\u58f2\u4e0a\u9ad8\u00d7100\uff09\u3092\u30c1\u30a7\u30c3\u30af\u3002<\/p>\n\n\n\n

\u524d\u53f7\u6bd4\u6b04<\/strong><\/h3>\n\n\n\n

3\u30ab\u6708\u524d\u306b\u51fa\u305f\u524d\u53f7\u3068\u6bd4\u8f03\u3057\u3066\u3001\u696d\u7e3e\u4e88\u60f3\u304c\u3069\u3046\u5909\u5316\u3057\u305f\u304b\u3092\u30c1\u30a7\u30c3\u30af\u3067\u304d\u308b<\/strong>\u6b04\u3067\u3059\u3002\u6570\u5b57\u304c\u5f15\u304d\u4e0a\u3052\u3089\u308c\u3066\u3044\u308c\u3070\u300c\u5897\u984d\uff08\u30dd\u30b8\u30c6\u30a3\u30d6\uff09\u300d\u3001\u4e0b\u304c\u3063\u3066\u3044\u308c\u3070\u300c\u6e1b\u984d\uff08\u30cd\u30ac\u30c6\u30a3\u30d6\uff09\u300d\u3068\u3044\u3046\u8a55\u4fa1\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n

\u3053\u3053\u3067\u306f\u3001\u4f01\u696d\u304c\u201c\u4e88\u60f3\u3092\u4e0a\u56de\u308b\u6210\u9577\u3092\u3057\u3066\u3044\u308b\u306e\u304b\u3001\u305d\u308c\u3068\u3082\u898b\u8fbc\u307f\u304c\u4e0b\u304c\u3063\u3066\u3044\u308b\u306e\u304b\u201d\u3092\u4e00\u76ee\u3067\u628a\u63e1\u3067\u304d\u307e\u3059\u3002<\/p>\n\n\n\n

\u56db\u5b63\u5831\u72ec\u81ea\u30b3\u30e1\u30f3\u30c8<\/strong><\/h3>\n\n\n\n

\u56db\u5b63\u5831\u306e\u8a18\u8005\u304c\u72ec\u81ea\u306b\u53d6\u6750\u3057\u305f\u60c5\u5831\u3092\u3082\u3068\u306b\u3001\u4f01\u696d\u306e\u52d5\u5411\u3092\u4e00\u8a00\u3067\u307e\u3068\u3081\u305f\u89e3\u8aac\u6587\u304c\u66f8\u304b\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n

\u307e\u305f\u300c\u62e1\u5927\u300d\u300c\u597d\u8ee2\u300d\u300c\u65b0\u88fd\u54c1\u6295\u5165\u300d\u3068\u3044\u3063\u305f\u30dd\u30b8\u30c6\u30a3\u30d6\u306a\u30ad\u30fc\u30ef\u30fc\u30c9\u304c\u3042\u308c\u3070\u6ce8\u76ee<\/strong>\u3002<\/p>\n\n\n\n

\u672a\u6765\u3078\u306e\u30d2\u30f3\u30c8\u3068\u306a\u308b\u300c\u65b0\u5de5\u5834\u5efa\u8a2d\u300d\u300c\u6d77\u5916\u9032\u51fa\u300d\u306a\u3069\u306e\u8a18\u8ff0\u304c\u3042\u308b\u304b\u3082\u8981\u30c1\u30a7\u30c3\u30af\u3067\u3059\u3002<\/p>\n\n\n\n

\u682a\u4fa1\u6307\u6a19\u6b04<\/strong><\/h3>\n\n\n\n

PER\uff08\u682a\u4fa1\u53ce\u76ca\u7387\uff09\u3084PBR\uff08\u682a\u4fa1\u7d14\u8cc7\u7523\u500d\u7387\uff09\u3001\u914d\u5f53\u5229\u56de\u308a\u3068\u3044\u3063\u305f\u300c\u682a\u4fa1\u304c\u5272\u5b89\u304b\u3069\u3046\u304b\u300d\u3092\u898b\u308b\u305f\u3081\u306e\u6307\u6a19<\/strong>\u304c\u63b2\u8f09\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n

\u4e00\u822c\u7684\u306bPER\u304c15\u500d\u4ee5\u4e0b\u3067\u3042\u308c\u3070\u5272\u5b89\u3068\u3055\u308c\u3001PBR\u304c1\u500d\u672a\u6e80\u306a\u3089\u8cc7\u7523\u306b\u5bfe\u3057\u3066\u682a\u4fa1\u304c\u5b89\u3044\u3068\u8a55\u4fa1\u3055\u308c\u3084\u3059\u3044\u3067\u3059\u3002\u914d\u5f53\u5229\u56de\u308a\u304c5\uff05\u4ee5\u4e0a\u3042\u308b\u3068\u3001\u9ad8\u914d\u5f53\u682a\u3068\u3057\u3066\u6ce8\u76ee\u3055\u308c\u308b\u3053\u3068\u3082\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n

\uff3b\u95a2\u9023\uff3dPER(\u682a\u4fa1\u53ce\u76ca\u7387)\u3068\u306f\uff1f\u610f\u5473\u3084\u65e5\u672c\u682a\u3068\u7c73\u56fd\u682a\u306b\u304a\u3051\u308b\u76ee\u5b89\u3001\u6d3b\u7528\u65b9\u6cd5\u3092\u5fb9\u5e95\u89e3\u8aac<\/a><\/p>\n\n\n

\uff3b\u95a2\u9023\uff3dPBR(\u682a\u4fa1\u7d14\u8cc7\u7523\u500d\u7387)\u3068\u306f\uff1f\u696d\u7a2e\u5225\u306e\u76ee\u5b89\u3084\u8a08\u7b97\u5f0f\u3001\u6295\u8cc7\u3067\u306e\u6d3b\u7528\u8853\u3092\u30d7\u30ed\u304c\u89e3\u8aac\uff01<\/a><\/p>\n\n\n\n

\u682a\u4e3b\u69cb\u6210\uff0f\u8ca1\u52d9\u6307\u6a19\u6b04<\/strong><\/h3>\n\n\n\n

\u81ea\u5df1\u8cc7\u672c\u6bd4\u7387\u304c50\uff05\u4ee5\u4e0a\u3067\u3042\u308c\u3070\u3001\u501f\u91d1\u306b\u983c\u3089\u305a\u306b\u7d4c\u55b6\u3057\u3066\u3044\u308b\u5065\u5168\u306a\u4f01\u696d\u3068\u3044\u3048\u307e\u3059\u3002\u307e\u305f\u3001ROE\uff08\u81ea\u5df1\u8cc7\u672c\u5229\u76ca\u7387\uff09\u304c10\uff05\u4ee5\u4e0a\u3067\u3042\u308c\u3070\u3001\u682a\u4e3b\u304b\u3089\u9810\u304b\u3063\u305f\u304a\u91d1\u3092\u52b9\u7387\u3088\u304f\u6d3b\u7528\u3057\u3066\u3044\u308b\u4f01\u696d\u3068\u8a55\u4fa1\u3067\u304d\u307e\u3059\u3002\u5012\u7523\u30ea\u30b9\u30af\u304c\u4f4e\u304f\u3001\u5b89\u5b9a\u3057\u305f\u7d4c\u55b6\u3092\u3057\u3066\u3044\u308b\u304b\u3069\u3046\u304b\u306e\u5224\u65ad\u6750\u6599\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n

\uff3b\u95a2\u9023\uff3d\u81ea\u5df1\u8cc7\u672c\u6bd4\u7387\u306e\u76ee\u5b89\u306f\uff1f\u682a\u5f0f\u6295\u8cc7\u3067\u5012\u7523\u30ea\u30b9\u30af\u3092\u56de\u907f\u3059\u308b\u305f\u3081\u306e\u898b\u65b9\u3068\u4f7f\u3044\u65b9<\/a><\/p>\n\n\n

\uff3b\u95a2\u9023\uff3dROE(\u81ea\u5df1\u8cc7\u672c\u5229\u76ca\u7387)\u3068\u306f\uff1f\uff5c\u8a08\u7b97\u5f0f\u3084\u76ee\u5b89\u3092\u682a\u5f0f\u6295\u8cc7\u3067\u4f7f\u3048\u308b\u3088\u3046\u306b\u30d7\u30ed\u304c\u5fb9\u5e95\u89e3\u8aac<\/a><\/p>\n\n\n\n

\u300c\u696d\u7e3e\u300d\u300c\u8a55\u4fa1\u300d\u300c\u6ce8\u76ee\u30dd\u30a4\u30f3\u30c8\u300d\u306e3\u3064\u306b\u7126\u70b9\u3092\u7d5e\u308a\u307e\u3057\u3087\u3046\u3002<\/strong><\/h3>\n\n\n\n

\u3053\u306e\u3088\u3046\u306b\u56db\u5b63\u5831\u306b\u306f\u69d8\u3005\u306a\u60c5\u5831\u304c\u3042\u308a\u3001\u6700\u521d\u306f\u3069\u3053\u3092\u3069\u3046\u898b\u308b\u306e\u304b\u60a9\u3093\u3067\u3057\u307e\u3046\u65b9\u3082\u591a\u3044\u3093\u3067\u3059\u3002\u3067\u3059\u306e\u3067\u3001\u3053\u3053\u3067\u306f\u682a\u521d\u5fc3\u8005\u3067\u3082\u8aad\u3081\u308b\u300c\u6700\u5c0f\u30bb\u30c3\u30c8\u300d\u306e\u6307\u6a19\u306e\u898b\u65b9<\/strong>\u3092\u3054\u7d39\u4ecb\u3057\u307e\u3059\u3002\u307e\u305a\u306f\u3053\u308c\u3092\u53c2\u8003\u306b\u3057\u3066\u56db\u5b63\u5831\u3092\u8aad\u3093\u3067\u307f\u3066\u304f\u3060\u3055\u3044\u306d\u3002<\/p>\n\n\n\n

\u25bc\u898b\u308b\u3079\u304d\u201c\u6700\u5c0f\u30bb\u30c3\u30c8\u201d\u306e\u6307\u6a19<\/strong><\/p>\n\n\n\n

\u9805\u76ee<\/th>\u898b\u308b\u76ee\u7684<\/th>\u521d\u5fc3\u8005\u5411\u3051\u76ee\u5b89<\/th><\/tr><\/thead>
\u55b6\u696d\u5229\u76ca\u7387<\/td>\u9ad8\u53ce\u76ca\u4f01\u696d\u304b\uff1f<\/td>10\uff05\u4ee5\u4e0a<\/td><\/tr>
PER\uff08\u682a\u4fa1\u53ce\u76ca\u7387\uff09<\/td>\u5272\u5b89\u611f\u306e\u76ee\u5b89\u3044<\/td>15\u500d\u4ee5\u4e0b<\/td><\/tr>
ROE\uff08\u81ea\u5df1\u8cc7\u672c\u5229\u76ca\u7387\uff09<\/td>\u8cc7\u672c\u52b9\u7387\u306e\u9ad8\u3055<\/td>10\uff05\u4ee5\u4e0a<\/td><\/tr>
\u81ea\u5df1\u8cc7\u672c\u6bd4\u7387<\/td>\u8ca1\u52d9\u5065\u5168\u6027<\/td>50\uff05\u4ee5\u4e0a<\/td><\/tr>
\u30b3\u30e1\u30f3\u30c8\u6b04<\/td>\u696d\u7e3e\u4fee\u6b63\u30fb\u6210\u9577\u6027\u306e\u30d2\u30f3\u30c8<\/td>\u30dd\u30b8\u30c6\u30a3\u30d6\u30ef\u30fc\u30c9\u3092\u63a2\u3059<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

\u521d\u5fc3\u8005\u304c\u899a\u3048\u3066\u304a\u304d\u305f\u3044\u56db\u5b63\u5831\u3067\u4f7f\u308f\u308c\u308b\u4e3b\u306a\u30ad\u30fc\u30ef\u30fc\u30c9<\/h2>\n\n\n\n

\u56db\u5b63\u5831\u306e\u30b3\u30e1\u30f3\u30c8\u6b04\u306b\u306f\u3001\u72ec\u81ea\u306e\u8868\u73fe\u3084\u30ad\u30fc\u30ef\u30fc\u30c9\u304c\u983b\u7e41\u306b\u767b\u5834\u3057\u307e\u3059\u3002\u3088\u304f\u4f7f\u308f\u308c\u308b\u8a00\u8449\u306e\u610f\u5473\u3092\u628a\u63e1\u3057\u3066\u304a\u304f\u3068\u3001\u30b3\u30e1\u30f3\u30c8\u6b04\u3092\u3088\u308a\u7d20\u65e9\u304f\u6b63\u78ba\u306b\u8aad\u307f\u53d6\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002<\/p>\n\n\n\n

\u30dd\u30b8\u30c6\u30a3\u30d6\u306a\u30ad\u30fc\u30ef\u30fc\u30c9<\/h3>\n\n\n\n
\u30ad\u30fc\u30ef\u30fc\u30c9<\/th>\u610f\u5473<\/th><\/tr><\/thead>
\u3010\u6700\u9ad8\u76ca\u3011\u3010\u9023\u7d9a\u6700\u9ad8\u76ca\u3011<\/td>\u904e\u53bb\u6700\u9ad8\u6c34\u6e96\u306e\u5229\u76ca\u3092\u9054\u6210\u3001\u307e\u305f\u306f\u66f4\u65b0\u898b\u8fbc\u307f<\/td><\/tr>
\u3010\u597d\u8abf\u3011\u3010\u7d76\u597d\u8abf\u3011<\/td>\u696d\u7e3e\u304c\u529b\u5f37\u304f\u4f38\u3073\u3066\u3044\u308b\u3002\u3010\u597d\u8abf\u3011\u3088\u308a\u3010\u7d76\u597d\u8abf\u3011\u306e\u65b9\u304c\u52e2\u3044\u304c\u5f37\u3044<\/td><\/tr>
\u3010\u5805\u8abf\u3011<\/td>\u5b89\u5b9a\u7684\u306b\u63a8\u79fb\u3057\u3001\u524d\u671f\u3088\u308a\u591a\u5c11\u826f\u3044\u6c34\u6e96<\/td><\/tr>
\u3010\u7d9a\u4f38\u3011\u3010\u5897\u76ca\u7d9a\u304f\u3011<\/td>\u5229\u76ca\u306e\u5897\u52a0\u304c\u7d99\u7d9a\u3057\u3066\u3044\u308b\u72b6\u614b<\/td><\/tr>
\u3010\u56de\u5fa9\u3011\u3010\u597d\u8ee2\u3011\u3010\u53cd\u767a\u3011<\/td>\u3044\u305a\u308c\u3082\u524d\u671f\u304c\u6e1b\u76ca\u3067\u4eca\u671f\u304c\u5897\u76ca\u306e\u4f01\u696d\u306b\u4ed8\u304f\u3002\u3010\u597d\u8ee2\u3011\u3010\u53cd\u767a\u3011\u306f\u6539\u5584\u5ea6\u5408\u3044\u304c\u5f37\u304f\u3001\u3010\u56de\u5fa9\u3011\u306f\u4ee5\u524d\u306e\u5229\u76ca\u6c34\u6e96\u306b\u8fd1\u3065\u304f\u5834\u5408\u306b\u4f7f\u308f\u308c\u308b<\/td><\/tr>
\u3010\u4e0a\u5411\u304f\u3011\u3010\u6539\u5584\u3011<\/td>\u524d\u671f\u6bd4\u3067\u5229\u76ca\u304c\u5897\u3048\u308b\u304c\u3001\u6539\u5584\u5ea6\u5408\u3044\u306f\u5c0f\u3055\u3081<\/td><\/tr>
\u3010\u9ed2\u5b57\u5316\u3011\u3010\u9ed2\u5b57\u5fa9\u5e30\u3011<\/td>\u8d64\u5b57\u304b\u3089\u9ed2\u5b57\u306b\u8ee2\u63db\u3057\u305f\u3001\u307e\u305f\u306f\u8ee2\u63db\u898b\u8fbc\u307f<\/td><\/tr>
\u3010\u5897\u914d\u3011\u3010\u9023\u7d9a\u5897\u914d\u3011<\/td>\u914d\u5f53\u304c\u5897\u52a0\u3001\u307e\u305f\u306f\u5897\u52a0\u304c\u7d9a\u3044\u3066\u3044\u308b<\/td><\/tr>
\u3010\u5897\u984d\u3011\u3010\u72ec\u81ea\u5897\u984d\u3011<\/td>\u524d\u53f7\u4e88\u60f3\u3088\u308a\u696d\u7e3e\u3092\u4e0a\u65b9\u4fee\u6b63\u3002\u3010\u72ec\u81ea\u5897\u984d\u3011\u306f\u4f1a\u793e\u5074\u306f\u6570\u5b57\u3092\u5909\u3048\u3066\u3044\u306a\u3044\u304c\u56db\u5b63\u5831\u304c\u72ec\u81ea\u306b\u4e0a\u65b9\u4fee\u6b63\u3057\u305f\u5834\u5408<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

\u3053\u308c\u3089\u306e\u30ad\u30fc\u30ef\u30fc\u30c9\u304c\u4e26\u3093\u3067\u3044\u308b\u4f01\u696d\u306f\u696d\u7e3e\u597d\u8abf\u306e\u30b5\u30a4\u30f3\u3067\u3059\u3002\u7279\u306b\u300c\u6700\u9ad8\u76ca\u300d\u3084\u300c\u5897\u984d\u300d\u306f\u5e02\u5834\u3067\u306e\u518d\u8a55\u4fa1\u306b\u3064\u306a\u304c\u308a\u3084\u3059\u3044\u305f\u3081\u3001\u898b\u3064\u3051\u305f\u3089\u8a73\u3057\u304f\u8abf\u3079\u308b\u4fa1\u5024\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n

\u30cd\u30ac\u30c6\u30a3\u30d6\u306a\u30ad\u30fc\u30ef\u30fc\u30c9<\/h3>\n\n\n\n
\u30ad\u30fc\u30ef\u30fc\u30c9<\/th>\u610f\u5473<\/th><\/tr><\/thead>
\u3010\u8d64\u5b57\u7d9a\u304f\u3011\u3010\u9023\u7d9a\u8d64\u5b57\u3011<\/td>\u8d64\u5b57\u304c\u7d99\u7d9a\u3057\u3066\u3044\u308b\u72b6\u614b<\/td><\/tr>
\u3010\u5927\u5e45\u6e1b\u76ca\u3011\u3010\u6e1b\u76ca\u7d9a\u304f\u3011<\/td>\u5229\u76ca\u304c\u5927\u304d\u304f\u6e1b\u5c11\u3001\u307e\u305f\u306f\u6e1b\u5c11\u304c\u7d9a\u3044\u3066\u3044\u308b<\/td><\/tr>
\u3010\u53cd\u843d\u3011\u3010\u5f8c\u9000\u3011<\/td>\u696d\u7e3e\u304c\u524d\u671f\u3088\u308a\u60aa\u5316\u3057\u3066\u3044\u308b<\/td><\/tr>
\u3010\u6a2a\u3070\u3044\u3011\u3010\u8db3\u8e0f\u307f\u3011\u3010\u8e0a\u308a\u5834\u3011<\/td>\u524d\u671f\u3068\u3042\u307e\u308a\u5909\u5316\u304c\u306a\u3044\u3001\u307e\u305f\u306f\u6210\u9577\u304c\u4e00\u6642\u7684\u306b\u6b62\u307e\u3063\u3066\u3044\u308b\u72b6\u614b\u3002\u524d\u671f\u304c\u6700\u9ad8\u76ca\u306a\u3069\u9ad8\u6c34\u6e96\u3067\u3042\u308c\u3070\u5fc5\u305a\u3057\u3082\u30cd\u30ac\u30c6\u30a3\u30d6\u3068\u306f\u9650\u3089\u306a\u3044<\/td><\/tr>
\u3010\u6e1b\u914d\u3011\u3010\u7121\u914d\u3011<\/td>\u914d\u5f53\u304c\u6e1b\u5c11\u3001\u307e\u305f\u306f\u914d\u5f53\u306a\u3057<\/td><\/tr>
\u3010\u6e1b\u984d\u3011\u3010\u4e0b\u632f\u308c\u3011<\/td>\u3010\u6e1b\u984d\u3011\u306f\u524d\u53f7\u4e88\u60f3\u3088\u308a\u696d\u7e3e\u3092\u4e0b\u65b9\u4fee\u6b63\u3002\u3010\u4e0b\u632f\u308c\u3011\u306f\u4f1a\u793e\u5074\u306e\u671f\u521d\u4e88\u60f3\u3088\u308a\u5b9f\u969b\u306e\u696d\u7e3e\u3084\u56db\u5b63\u5831\u72ec\u81ea\u4e88\u60f3\u304c\u4f4e\u304f\u306a\u308b\u3053\u3068\u3002<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

\u30cd\u30ac\u30c6\u30a3\u30d6\u306a\u30ad\u30fc\u30ef\u30fc\u30c9\u304c\u76ee\u7acb\u3064\u5834\u5408\u306f\u6ce8\u610f\u304c\u5fc5\u8981\u3067\u3059\u3002<\/p>\n\n\n\n

\u305f\u3060\u3057\u300c\u8cbb\u7528\u5148\u884c\u300d\u300c\u5148\u884c\u6295\u8cc7\u300d\u306f\u5c06\u6765\u306e\u6210\u9577\u306b\u5411\u3051\u305f\u6295\u8cc7\u306b\u3088\u308b\u3082\u306e\u3067\u3001\u4e00\u6642\u7684\u306a\u696d\u7e3e\u60aa\u5316\u306e\u53ef\u80fd\u6027\u3082\u3042\u308b\u305f\u3081\u3001\u5185\u5bb9\u3092\u3088\u304f\u78ba\u8a8d\u3059\u308b\u3088\u3046\u306b\u3057\u307e\u3057\u3087\u3046\u3002<\/p>\n\n\n\n

\u56db\u5b63\u5831\u3092<\/strong>\u8aad\u3080\u3068\u304d\u306e\u6ce8\u610f\u70b9<\/strong><\/h2>\n\n\n\n
\"\"<\/figure>\n\n\n\n

\u56db\u5b63\u5831\u306f\u4e07\u80fd\u306a\u300c\u6b63\u89e3\u300d\u3067\u306f\u306a\u3044<\/h3>\n\n\n\n

\u56db\u5b63\u5831\u306f\u60c5\u5831\u306e\u5b9d\u5eab\u3067\u3059\u304c\u3001\u4e07\u80fd\u306a\u6295\u8cc7\u5224\u65ad\u30c4\u30fc\u30eb\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n\n\n\n

\u63b2\u8f09\u3055\u308c\u3066\u3044\u308b\u696d\u7e3e\u4e88\u60f3\uff08\u58f2\u4e0a\u30fb\u5229\u76ca\u306a\u3069\uff09\u306f\u3001\u4f01\u696d\u304c\u516c\u5f0f\u306b\u767a\u8868\u3057\u305f\u6570\u5024\u3067\u306f\u306a\u304f\u3001\u6771\u6d0b\u7d4c\u6e08\u306e\u8a18\u8005\u30fb\u7de8\u96c6\u90e8\u304c\u53d6\u6750\u3084\u5206\u6790\u3092\u3082\u3068\u306b\u4f5c\u6210\u3057\u305f\u72ec\u81ea\u4e88\u60f3\u3067\u3059\u3002<\/p>\n\n\n\n

\u305d\u306e\u305f\u3081\u3001\u4f01\u696d\u306eIR\u8cc7\u6599\u3084\u6c7a\u7b97\u8aac\u660e\u4f1a\u306e\u5185\u5bb9\u3068\u306f\u7570\u306a\u308b\u300c\u4e88\u6e2c\u30d9\u30fc\u30b9\u300d\u306e\u60c5\u5831\u3067\u3042\u308a\u3001\u72b6\u6cc1\u306e\u5909\u5316\u306b\u3088\u3063\u3066\u306f\u4f01\u696d\u767a\u8868\u3068\u4e56\u96e2\u3059\u308b\u30b1\u30fc\u30b9\u3082\u3042\u308a\u307e\u3059\u3002\u3042\u304f\u307e\u3067\u3072\u3068\u3064\u306e\u30b7\u30ca\u30ea\u30aa\u3068\u3057\u3066\u6349\u3048\u308b\u8996\u70b9\u304c\u91cd\u8981\u3067\u3059\u3002<\/p>\n\n\n\n

\u521d\u5fc3\u8005\u306f\u8208\u5473\u306e\u3042\u308b\u5206\u91ce\u304b\u3089<\/strong>\u8aad\u3080<\/h3>\n\n\n\n

\u4f1a\u793e\u56db\u5b63\u5831\u306f3,800\u793e\u8d85\u306e\u4f01\u696d\u60c5\u5831\u304c\u8a70\u307e\u3063\u305f\u5206\u539a\u3044\u4e00\u518a\u3067\u3059\u3002<\/p>\n\n\n\n

\u6700\u521d\u304b\u3089\u5168\u90e8\u8aad\u3082\u3046\u3068\u3059\u308b\u3068\u60c5\u5831\u91cf\u306e\u591a\u3055\u306b\u5727\u5012\u3055\u308c\u3001\u9014\u4e2d\u3067\u632b\u6298\u3057\u3066\u3057\u307e\u3044\u304c\u3061\u3067\u3059\u3002<\/p>\n\n\n\n

\u3053\u308c\u304b\u3089\u56db\u5b63\u5831\u3092\u8aad\u3080\u65b9\u306f\u3001\u81ea\u5206\u304c\u3088\u304f\u77e5\u3063\u3066\u3044\u308b\u4f01\u696d\u3084\u3001\u666e\u6bb5\u4f7f\u3063\u3066\u3044\u308b\u30b5\u30fc\u30d3\u30b9\u306e\u4f1a\u793e\u3001\u6c17\u306b\u306a\u308b\u696d\u754c\u306a\u3069\u300c\u8208\u5473\u306e\u6301\u3066\u308b\u3068\u3053\u308d\u300d\u304b\u3089\u8aad\u307f\u59cb\u3081\u308b\u306e\u304c\u304a\u3059\u3059\u3081\u3067\u3059\u3002<\/p>\n\n\n\n

\u6700\u5927\u3067\u6570\u30ab\u6708\u306e\u60c5\u5831\u9045\u308c\u304c\u3042\u308b<\/h3>\n\n\n\n

\u56db\u5b63\u5831\u306f\u5e744\u56de\u306e\u767a\u884c\uff08\u6625\u30fb\u590f\u30fb\u79cb\u30fb\u65b0\u6625\uff09\u3067\u3001\u63b2\u8f09\u3055\u308c\u308b\u60c5\u5831\u306f\u539f\u7a3f\u7de0\u5207\u6642\u70b9\u306e\u3082\u306e\u3067\u3042\u308a\u3001\u6700\u5927\u30672\u30ab\u6708\u7a0b\u5ea6\u60c5\u5831\u306e\u9045\u308c\u304c\u751f\u3058\u3066\u3044\u308b\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n

\u6642\u671f\u306b\u3088\u3063\u3066\u306f\u3001\u6c7a\u7b97\u767a\u8868\u3084IR\u8aac\u660e\u4f1a\u306e\u5185\u5bb9\u304c\u6700\u65b0\u53f7\u306b\u53cd\u6620\u3055\u308c\u3066\u3044\u306a\u3044\u3053\u3068\u3082\u3042\u308b\u305f\u3081\u3001\u6ce8\u610f\u3057\u3066\u304a\u304d\u307e\u3057\u3087\u3046\u3002<\/p>\n\n\n\n

\u65b0\u6625\u53f7\u3060\u3051\u3067\u5224\u65ad\u3057\u306a\u3044<\/h3>\n\n\n\n

\u56db\u5b63\u5831\u306e\u4e2d\u3067\u3082\u7279\u306b\u60c5\u5831\u91cf\u306e\u591a\u3044\u65b0\u6625\u53f7\u306f\u3001\u591a\u304f\u306e\u6295\u8cc7\u5bb6\u304c\u6ce8\u76ee\u3057\u304c\u3061\u3067\u3059\u304c\u3001\u3053\u306e1\u53f7\u3060\u3051\u3092\u8aad\u3093\u3067\u6295\u8cc7\u5224\u65ad\u3092\u4e0b\u3059\u306e\u306f\u5371\u967a\u3067\u3059\u3002<\/p>\n\n\n\n

\u4f01\u696d\u306e\u696d\u7e3e\u3084\u5e02\u5834\u74b0\u5883\u306f\u5e38\u306b\u5909\u5316\u3057\u3066\u304a\u308a\u3001\u56db\u5b63\u5831\u306f\u5e744\u56de\u3092\u901a\u3058\u3066\u696d\u7e3e\u4e88\u60f3\u3084\u30b3\u30e1\u30f3\u30c8\u304c\u3069\u306e\u3088\u3046\u306b\u4fee\u6b63\u3055\u308c\u3066\u3044\u308b\u304b\u3092\u8ffd\u3046\u3053\u3068\u3067\u771f\u4fa1\u3092\u767a\u63ee\u3057\u307e\u3059\u3002<\/p>\n\n\n\n

\u6570\u5b57\u305d\u306e\u3082\u306e\u3060\u3051\u3067\u306a\u304f\u3001\u524d\u53f7\u304b\u3089\u306e\u5909\u5316\u3084\u30c8\u30fc\u30f3\u306e\u9055\u3044\u306b\u6ce8\u76ee\u3059\u308b\u3053\u3068\u3067\u3001\u4f01\u696d\u3092\u53d6\u308a\u5dfb\u304f\u74b0\u5883\u306e\u5909\u5316\u3084\u8a55\u4fa1\u306e\u65b9\u5411\u6027\u3092\u3088\u308a\u6df1\u304f\u8aad\u307f\u53d6\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002<\/p>\n\n\n\n

\u56db\u5b63\u5831\u30b9\u30af\u30ea\u30fc\u30cb\u30f3\u30b0\u306e\u4f7f\u3044\u65b9\u3068\u6d3b\u7528\u4e8b\u4f8b<\/strong><\/h2>\n\n\n\n
\"\"<\/figure>\n\n\n\n

\u30b9\u30af\u30ea\u30fc\u30cb\u30f3\u30b0\u3068\u306f\u4e00\u5b9a\u306e\u6761\u4ef6\u3092\u8a2d\u5b9a\u3057\u3066\u3001\u6570\u5343\u793e\u3042\u308b\u4e0a\u5834\u4f01\u696d\u306e\u4e2d\u304b\u3089\u3001\u81ea\u5206\u306e\u6295\u8cc7\u76ee\u7684\u306b\u5408\u3063\u305f\u4f01\u696d\u3092\u3075\u308b\u3044\u5206\u3051\u308b\u3053\u3068\u3067\u3059\u3002<\/p>\n\n\n\n

\u4f1a\u793e\u56db\u5b63\u5831\u30aa\u30f3\u30e9\u30a4\u30f3\u306a\u3069\u306eWeb\u30b5\u30fc\u30d3\u30b9\u3092\u4f7f\u3048\u3070\u3001\u8907\u6570\u306e\u6761\u4ef6\u3092\u7d44\u307f\u5408\u308f\u305b\u3066\u3001\u81ea\u5206\u306b\u5408\u3063\u305f\u9298\u67c4\u3092\u52b9\u7387\u3088\u304f\u63a2\u3057\u51fa\u305b\u307e\u3059\u3002<\/p>\n\n\n\n

STEP\u2460\uff1a\u6295\u8cc7\u76ee\u7684\u3092\u6c7a\u3081\u308b<\/strong><\/h3>\n\n\n\n

\u307e\u305a\u6700\u521d\u306b\u884c\u3046\u3079\u304d\u306f\u3001\u81ea\u5206\u304c\u3069\u3093\u306a\u6295\u8cc7\u3092\u76ee\u6307\u3057\u3066\u3044\u308b\u306e\u304b<\/strong>\u3092\u660e\u78ba\u306b\u3059\u308b\u3053\u3068\u3067\u3059\u3002\u300c\u5c06\u6765\u306e\u6210\u9577\u3092\u72d9\u3044\u305f\u3044\u304b\u3089\u6210\u9577\u682a\u3092\u63a2\u3059\u306e\u304b\u300d\u300c\u5272\u5b89\u306a\u30bf\u30a4\u30df\u30f3\u30b0\u3092\u72d9\u3046\u306e\u304b\u300d\u300c\u5b89\u5b9a\u3057\u305f\u914d\u5f53\u53ce\u5165\u304c\u76ee\u7684\u306a\u306e\u304b\u300d\u306a\u3069\u3001\u6295\u8cc7\u30b9\u30bf\u30a4\u30eb\u306b\u3088\u3063\u3066\u63a2\u3059\u9298\u67c4\u306e\u57fa\u6e96\u306f\u5927\u304d\u304f\u5909\u308f\u308a\u307e\u3059\u3002<\/p>\n\n\n\n

\u307e\u305f\u3001\u300c\u8a71\u984c\u306e\u30c6\u30fc\u30de\u306b\u4e57\u308a\u305f\u3044\u300d\u3068\u3044\u3046\u7406\u7531\u3067\u30c6\u30fc\u30de\u682a\u3092\u63a2\u3059\u306e\u3082\u6709\u52b9\u3067\u3059\u304c\u3001\u305d\u306e\u5834\u5408\u3082\u201c\u3069\u306e\u30c6\u30fc\u30de\u306b\u6ce8\u76ee\u3059\u308b\u304b\u201d\u3092\u660e\u78ba\u306b\u3057\u3066\u304a\u304f\u3053\u3068\u304c\u5927\u5207\u3067\u3059\u3002\u76ee\u7684\u304c\u66d6\u6627\u306a\u307e\u307e\u3067\u306f\u3001\u6761\u4ef6\u8a2d\u5b9a\u306b\u30d6\u30ec\u304c\u51fa\u3066\u3057\u307e\u3044\u3001\u7684\u78ba\u306a\u9298\u67c4\u9078\u5b9a\u306b\u3064\u306a\u304c\u308a\u307e\u305b\u3093\u3002<\/p>\n\n\n\n

STEP\u2461\uff1a\u6761\u4ef6\u30922\u301c4\u3064\u306b\u7d5e\u3063\u3066\u8a2d\u5b9a<\/strong><\/h3>\n\n\n\n

\u30b9\u30af\u30ea\u30fc\u30cb\u30f3\u30b0\u6a5f\u80fd\u3092\u4f7f\u3046\u3068\u304d\u3001\u6761\u4ef6\u3092\u305f\u304f\u3055\u3093\u5165\u308c\u3059\u304e\u308b\u3068\u7d5e\u308a\u8fbc\u307f\u3059\u304e\u3066\u3057\u307e\u3044\u3001\u5bfe\u8c61\u3068\u306a\u308b\u9298\u67c4\u304c\u30bc\u30ed\u306b\u306a\u3063\u3066\u3057\u307e\u3046\u3053\u3068\u3082\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n

\u306f\u3058\u3081\u306e\u3046\u3061\u306f\u300c\u58f2\u4e0a\u9ad8\u6210\u9577\u7387<\/a>\u304c\u30d7\u30e9\u30b9\u3067\u3001\u81ea\u5df1\u8cc7\u672c\u6bd4\u7387\u304c50\uff05\u4ee5\u4e0a\u300d\u300c\u914d\u5f53\u5229\u56de\u308a\u304c\u9ad8\u304f\u3001\u6642\u4fa1\u7dcf\u984d\u304c300\u5104\u5186\u4ee5\u4e0a\u300d\u306a\u3069\u30012\uff5e4\u500b\u7a0b\u5ea6\u306e\u30b7\u30f3\u30d7\u30eb\u306a\u6761\u4ef6\u304b\u3089\u59cb\u3081\u308b<\/strong>\u306e\u304c\u30dd\u30a4\u30f3\u30c8\u3067\u3059\u3002<\/p>\n\n\n\n

\u305f\u3068\u3048\u3070\u3001\u6210\u9577\u6027\u306b\u6ce8\u76ee\u3057\u305f\u3044\u5834\u5408\u306f\u300c\u58f2\u4e0a\u9ad8\u306e\u4f38\u3073\u7387\u300d\u3068\u300c\u55b6\u696d\u5229\u76ca\u7387\u300d\u3001\u8ca1\u52d9\u306e\u5065\u5168\u6027\u3092\u91cd\u8996\u3057\u305f\u3044\u5834\u5408\u306f\u300c\u81ea\u5df1\u8cc7\u672c\u6bd4\u7387\u300d\u3084\u300cROE\u300d\u306a\u3069\u306e\u6761\u4ef6\u3092\u4f7f\u3046\u3068\u3001\u6bd4\u8f03\u7684\u308f\u304b\u308a\u3084\u3059\u304f\u7d5e\u308a\u8fbc\u3081\u307e\u3059\u3002<\/p>\n\n\n\n

STEP\u2462\uff1a\u7d50\u679c\u30ea\u30b9\u30c8\u3092\u78ba\u8a8d<\/strong><\/h3>\n\n\n\n

\u6761\u4ef6\u306b\u5408\u81f4\u3057\u305f\u9298\u67c4\u304c\u4e00\u89a7\u3067\u8868\u793a\u3055\u308c\u305f\u3089\u3001\u305d\u308c\u305e\u308c\u306e\u4f01\u696d\u306b\u3064\u3044\u3066\u3082\u3046\u5c11\u3057\u8a73\u3057\u304f\u898b\u3066\u3044\u304d\u307e\u3057\u3087\u3046\u3002\u4f1a\u793e\u540d\u3060\u3051\u3067\u5224\u65ad\u305b\u305a\u3001\u300c\u3069\u3093\u306a\u4e8b\u696d\u3092\u3057\u3066\u3044\u308b\u304b\u300d\u300c\u696d\u7e3e\u306f\u3069\u3046\u63a8\u79fb\u3057\u3066\u3044\u308b\u304b\u300d\u3068\u3044\u3063\u305f\u57fa\u672c\u60c5\u5831\u3092\u78ba\u8a8d<\/strong>\u3057\u307e\u3059\u3002<\/p>\n\n\n\n

\u4f1a\u793e\u56db\u5b63\u5831\u306e\u30b3\u30e1\u30f3\u30c8\u6b04\u306b\u306f\u3001\u305d\u306e\u4f01\u696d\u306e\u6700\u8fd1\u306e\u52d5\u5411\u3084\u6ce8\u76ee\u30dd\u30a4\u30f3\u30c8\u304c\u7c21\u6f54\u306b\u307e\u3068\u3081\u3089\u308c\u3066\u3044\u308b\u305f\u3081\u3001\u521d\u5fc3\u8005\u3067\u3082\u7406\u89e3\u3057\u3084\u3059\u304f\u3001\u5224\u65ad\u6750\u6599\u3068\u3057\u3066\u975e\u5e38\u306b\u5f79\u7acb\u3061\u307e\u3059\u3002\u3067\u304d\u308c\u3070\u58f2\u4e0a\u3084\u5229\u76ca\u306e\u63a8\u79fb\u3001\u30c1\u30e3\u30fc\u30c8\u306e\u52d5\u304d\u306a\u3069\u3082\u5408\u308f\u305b\u3066\u898b\u3066\u304a\u304f\u3068\u3001\u3088\u308a\u7acb\u4f53\u7684\u306a\u9298\u67c4\u8a55\u4fa1\u304c\u53ef\u80fd\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n

STEP\u2463\uff1a<\/strong>\u6c17\u306b\u306a\u308b\u9298\u67c4\u306f\u30a6\u30a9\u30c3\u30c1\u30ea\u30b9\u30c8\u3067\u7ba1\u7406\u3059\u308b<\/h3>\n\n\n\n

\u30ea\u30b9\u30c8\u306e\u4e2d\u3067\u6c17\u306b\u306a\u308b\u9298\u67c4\u304c\u898b\u3064\u304b\u3063\u305f\u3089\u3001\u3059\u3050\u306b\u8cfc\u5165\u3092\u6c7a\u3081\u308b\u306e\u3067\u306f\u306a\u304f\u3001\u8a3c\u5238\u53e3\u5ea7\u306e\u30de\u30a4\u30da\u30fc\u30b8\u3084\u56db\u5b63\u5831\u30aa\u30f3\u30e9\u30a4\u30f3\u306e\u30a6\u30a9\u30c3\u30c1\u30ea\u30b9\u30c8\u6a5f\u80fd\u306b\u767b\u9332\u3057\u3066\u3001\u7d99\u7d9a\u7684\u306b\u60c5\u5831\u3092\u8ffd\u3063\u3066\u3044\u304f\u306e\u304c\u304a\u3059\u3059\u3081<\/strong>\u3067\u3059\u3002<\/p>\n\n\n\n

\u682a\u4fa1\u306e\u52d5\u304d\u3084\u51fa\u6765\u9ad8\u3001\u6c7a\u7b97\u60c5\u5831\u306a\u3069\u3092\u5b9a\u671f\u7684\u306b\u30c1\u30a7\u30c3\u30af\u3057\u306a\u304c\u3089\u3001\u8cb7\u3044\u6642\u3092\u3058\u3063\u304f\u308a\u898b\u6975\u3081\u3066\u3044\u304f\u59ff\u52e2\u304c\u5927\u5207\u3067\u3059\u3002\u307e\u305f\u3001\u56db\u5b63\u5831\u306e\u6b21\u53f7\u304c\u51fa\u305f\u3068\u304d\u306b\u540c\u3058\u4f01\u696d\u304c\u3069\u3046\u8a55\u4fa1\u3055\u308c\u3066\u3044\u308b\u304b\u3092\u8ffd\u3046\u3053\u3068\u3067\u3001\u4e2d\u9577\u671f\u3067\u306e\u898b\u901a\u3057\u306e\u5909\u5316\u3084\u696d\u7e3e\u306e\u9032\u6357\u3092\u78ba\u8a8d\u3067\u304d\u307e\u3059\u3002<\/p>\n\n\n\n

\u7126\u3089\u305a\u3001\u5ba2\u89b3\u7684\u306a\u8996\u70b9\u3067\u60c5\u5831\u3092\u96c6\u3081\u306a\u304c\u3089\u6295\u8cc7\u5224\u65ad\u3092\u9032\u3081\u307e\u3057\u3087\u3046\u3002<\/p>\n\n\n

\uff3b\u95a2\u9023\uff3d\u8a3c\u5238\u53e3\u5ea7\u3068\u306f\uff1f\u521d\u5fc3\u8005\u3067\u3082\u308f\u304b\u308b\u4ed5\u7d44\u307f\u3001\u682a\u53d6\u5f15\u306b\u5fc5\u9808\u3068\u306a\u308b\u8a3c\u5238\u53e3\u5ea7\u306e\u958b\u8a2d\u65b9\u6cd5\u3084\u9078\u3073\u65b9\u3092\u89e3\u8aac<\/a><\/p>\n\n\n\n

\u5177\u4f53\u7684\u306a\u6d3b\u7528\u4e8b\u4f8b<\/strong><\/h3>\n\n\n\n

\u3053\u308c\u307e\u3067\u304a\u4f1d\u3048\u3057\u305f\u3053\u3068\u3092\u8e0f\u307e\u3048\u3066\u4e00\u3064\u3001\u9ad8\u53ce\u76ca\u30b0\u30ed\u30fc\u30b9\u682a\u3092\u63a2\u3059\u5834\u5408\u306e\u30b9\u30af\u30ea\u30fc\u30cb\u30f3\u30b0\u3092\u3054\u7d39\u4ecb\u3057\u307e\u3059\u3002<\/p>\n\n\n\n

\u58f2\u4e0a\u9ad8\u6210\u9577\u7387\uff08\u524d\u671f\u2192\u4eca\u671f\uff09\u306710%\u4ee5\u4e0a\u3001\u55b6\u696d\u5229\u76ca\u7387\u306f10%\u4ee5\u4e0a\u3001ROE15%\u4ee5\u4e0a\u3001\u6642\u4fa1\u7dcf\u984d\u306f500\u5104\u5186\u672a\u6e80\u306e\u4e2d\u5c0f\u578b\u682a\u3002<\/strong><\/p>\n\n\n\n

\u4e2d\u5c0f\u578b\u3067\u9ad8\u53ce\u76ca\u306a\u6210\u9577\u682a\u3092\u63a2\u3057\u3001\u898b\u3064\u304b\u3063\u305f\u9298\u67c4\u306f\u3001\u56db\u5b63\u5831\u30b3\u30e1\u30f3\u30c8\u3067\u300c\u65b0\u898f\u5206\u91ce\u62e1\u5927\u300d\u300c\u6d77\u5916\u5f37\u5316\u300d\u306a\u3069\u306e\u6587\u8a00\u3092\u63a2\u3057\u3066\u5c06\u6765\u6027\u3092\u78ba\u8a8d\u3057\u307e\u3057\u3087\u3046\u3002<\/p>\n\n\n\n

\u56db\u5b63\u5831\u79cb\u53f7\u306b\u6ce8\u76ee\u30dd\u30a4\u30f3\u30c8\u3042\u308a<\/strong><\/h2>\n\n\n\n
\"\"<\/figure>\n\n\n\n

\u79cb\u53f7\u306f\u300110\u6708\uff5e11\u6708\u306b\u63a7\u3048\u308b\u300c\u4e2d\u9593\u6c7a\u7b97\u300d\u306e\u76f4\u524d\u306b\u767a\u884c\u3055\u308c\u308b\u305f\u3081\u3001\u4f01\u696d\u306e\u6700\u65b0\u306e\u696d\u7e3e\u52d5\u5411\u3084\u3001\u4e0b\u534a\u671f\uff0810\u6708\u4ee5\u964d\uff09\u306e\u898b\u901a\u3057\u304c\u53cd\u6620\u3055\u308c\u59cb\u3081\u308b\u30bf\u30a4\u30df\u30f3\u30b0\u306b\u306a\u308a\u307e\u3059\u3002\u305d\u306e\u305f\u3081\u3001\u682a\u4fa1\u306b\u3068\u3063\u3066\u91cd\u8981\u306a\u201c\u6b21\u306e\u6750\u6599\u201d\u3092\u5148\u56de\u308a\u3057\u3066\u898b\u3064\u3051\u308b\u30d2\u30f3\u30c8\u304c\u591a\u304f\u542b\u307e\u308c\u3066\u3044\u308b\u306e\u304c\u7279\u5fb4<\/strong>\u3067\u3059\u3002<\/p>\n\n\n\n

\u696d\u7e3e\u306e\u4e0a\u65b9\u4fee\u6b63\u304c\u7e54\u308a\u8fbc\u307e\u308c\u305f\u9298\u67c4\u3084\u5186\u5b89\u30fb\u539f\u6750\u6599\u5b89\u306a\u3069\u5916\u90e8\u74b0\u5883\u5909\u5316\u3092\u53d7\u3051\u305f\u4fee\u6b63\u4f01\u696d\u3001\u6765\u671f\u306e\u5909\u5316\u306b\u542b\u307f\u3092\u6301\u305f\u305b\u308b\u72ec\u81ea\u30b3\u30e1\u30f3\u30c8\u306a\u3069\u306b\u6ce8\u76ee\u3059\u308b\u3068\u826f\u3044\u3067\u3057\u3087\u3046\u3002<\/p>\n\n\n\n

\u6210\u9577\u682a\u30fb\u5272\u5b89\u682a\u30fb\u9ad8\u914d\u5f53\u682a\u2026\u898b\u3064\u3051\u65b9\u306e\u9055\u3044\u3068\u30b3\u30c4<\/strong><\/h2>\n\n\n\n
\"\"<\/figure>\n\n\n\n

\u300c\u306a\u3093\u3068\u306a\u304f\u300d\u3067\u9298\u67c4\u3092\u9078\u3076\u3088\u308a\u3082\u3001\u81ea\u5206\u304c\u4f55\u3092\u6c42\u3081\u3066\u3044\u308b\u304b\u3092\u660e\u78ba\u306b\u3057\u3001\u305d\u308c\u306b\u5408\u3063\u305f\u6307\u6a19\u30fb\u30b3\u30e1\u30f3\u30c8\u3092\u898b\u308b\u3053\u3068\u304c\u3001\u56db\u5b63\u5831\u6d3b\u7528\u306e\u672c\u8cea\u3068\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n

\u9298\u67c4\u306e\u898b\u3064\u3051\u65b9\u306e\u9055\u3044\u3068\u30b3\u30c4\u306b\u3064\u3044\u3066\u3001\u76ee\u7684\u5225\u306b\u898b\u308b\u3079\u304d\u6307\u6a19\u3084\u30c1\u30a7\u30c3\u30af\u30dd\u30a4\u30f3\u30c8\u3001\u56db\u5b63\u5831\u3067\u6ce8\u76ee\u3059\u3079\u304d\u6587\u8a00\u3084\u4e8b\u4f8b\u3092\u4ea4\u3048\u3066\u89e3\u8aac\u3057\u307e\u3059\u3002<\/p>\n\n\n\n

\u6210\u9577\u682a\uff08\u30b0\u30ed\u30fc\u30b9\u682a\uff09\u3092\u898b\u3064\u3051\u308b\u30b3\u30c4<\/strong><\/h3>\n\n\n\n

\u3053\u3093\u306a\u4eba\u306b\u5411\u3044\u3066\u3044\u308b<\/strong>
\u5c06\u6765\u306e\u682a\u4fa1\u4e0a\u6607\uff08\u30ad\u30e3\u30d4\u30bf\u30eb\u30b2\u30a4\u30f3\uff09\u3092\u72d9\u3044\u305f\u3044\u3001\u300c\u4eca\u306f\u5272\u9ad8\u3067\u3082\u3001\u5c06\u6765\u306b\u671f\u5f85\u3057\u305f\u3044\u300d\u30bf\u30a4\u30d7\u3001\u5e02\u5834\u306e\u6ce8\u76ee\u3092\u5148\u53d6\u308a\u3057\u3066\u5148\u56de\u308a\u3057\u305f\u3044\u4eba\u306a\u3069\u3002<\/p>\n\n\n\n

\u898b\u308b\u3079\u304d\u56db\u5b63\u5831\u9805\u76ee<\/strong><\/th>\u6307\u6a19<\/strong><\/th><\/tr><\/thead>
\u58f2\u4e0a\u9ad8\u306e\u6210\u9577\u7387<\/strong><\/td>\u30d3\u30b8\u30cd\u30b9\u304c\u62e1\u5927\u3057\u3066\u3044\u308b\u304b\uff1f\u5e7410\uff05\u4ee5\u4e0a\u306e\u6210\u9577\u6027\u304c\u3042\u308b\u304b\uff1f<\/td><\/tr>
\u55b6\u696d\u5229\u76ca\u30fb\u7d14\u5229\u76ca\u306e\u6210\u9577\u7387<\/strong><\/td>\u5229\u76ca\u4f53\u8cea\u304b\uff1f\u7406\u60f3\u306f\u53f3\u80a9\u4e0a\u304c\u308a\u3002<\/td><\/tr>
ROE\uff08\u81ea\u5df1\u8cc7\u672c\u5229\u76ca\u7387\uff09<\/strong><\/td>\u8cc7\u672c\u52b9\u7387\u306e\u826f\u3055\u3092\u78ba\u8a8d\u300215\uff05\u4ee5\u4e0a\u3092\u610f\u8b58\u3002<\/td><\/tr>
\u55b6\u696d\u5229\u76ca\u7387<\/strong><\/td>\u9ad8\u53ce\u76ca\u306e\u8a3c\u3068\u306a\u308a\u300110\uff05\u4ee5\u4e0a\u306f\u8981\u30c1\u30a7\u30c3\u30af<\/td><\/tr>
\u30b3\u30e1\u30f3\u30c8\u6b04<\/strong><\/td>\u300c\u4f38\u9577\u300d\u3001\u300c\u62e1\u5927\u300d\u3001\u300c\u65b0\u898f\u53c2\u5165\u300d\u306a\u3069\u6210\u9577\u30b9\u30c8\u30fc\u30ea\u30fc\u306e\u88cf\u4ed8\u3051\u3068\u306a\u308b\u3088\u3046\u306a\u6587\u8a00\u306b\u6ce8\u76ee<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

\u56db\u5b63\u5831\u3067\u306e\u898b\u3064\u3051\u65b9\u306e\u30b3\u30c4<\/strong>
\u30b3\u30e1\u30f3\u30c8\u6b04\u306b\u300c\u597d\u8abf\u300d\u300c\u53d7\u6ce8\u62e1\u5927\u300d\u300c\u30b7\u30a7\u30a2\u62e1\u5927\u300d\u300c\u9700\u8981\u8ffd\u3044\u98a8\u300d\u306a\u3069\u306e\u30ef\u30fc\u30c9\u304c\u3042\u308c\u3070\u6ce8\u76ee\u3057\u3066\u30c1\u30a7\u30c3\u30af\u3057\u307e\u3057\u3087\u3046\u3002\u307e\u305f\u3001\u904e\u53bb3\u5e74\u306e\u58f2\u4e0a\u30fb\u5229\u76ca\u304c\u9014\u5207\u308c\u306a\u304f\u6210\u9577\u3057\u3066\u3044\u308b\u4f01\u696d\u3084\u3001\u6642\u4fa1\u7dcf\u984d\u304c\u4f4e\u3044\uff08100\u5104\u5186\u672a\u6e80\u306a\u3069\uff09\u4f01\u696d\u306f\u72d9\u3044\u76ee\u3068\u306a\u308a\u3084\u3059\u3044\u3067\u3059\u3002<\/p>\n\n\n\n

\u5272\u5b89\u682a\uff08\u30d0\u30ea\u30e5\u30fc\u682a\uff09\u3092\u898b\u3064\u3051\u308b\u30b3\u30c4<\/strong><\/h3>\n\n\n\n

\u3053\u3093\u306a\u4eba\u306b\u5411\u3044\u3066\u3044\u308b
<\/strong>\u5b89\u304f\u8cb7\u3063\u3066\u5e02\u5834\u8a55\u4fa1\u306e\u898b\u76f4\u3057\u3092\u72d9\u3044\u305f\u3044\u3001\u696d\u7e3e\u5b89\u5b9a\u30fb\u914d\u5f53\u3082\u8996\u91ce\u306b\u5165\u308c\u305f\u3044\u3001\u30ea\u30b9\u30af\u3092\u6291\u3048\u305f\u6295\u8cc7\u3092\u597d\u3080\u4eba\u306a\u3069\u3002<\/p>\n\n\n\n

\u898b\u308b\u3079\u304d\u56db\u5b63\u5831\u9805\u76ee<\/strong><\/th>\u6307\u6a19<\/strong><\/th><\/tr><\/thead>
PER\uff08\u682a\u4fa1\u53ce\u76ca\u7387\uff09\u3001PBR\uff08\u682a\u4fa1\u7d14\u8cc7\u7523\u500d\u7387\uff09<\/strong><\/td>\u5229\u76ca\u306b\u5bfe\u3057\u3066\u682a\u4fa1\u304c\u5272\u5b89\u304b\uff1f<\/td><\/tr>
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\u81ea\u5df1\u8cc7\u672c\u6bd4\u7387<\/strong><\/td>50\uff05\u4ee5\u4e0a\u3042\u308c\u3070\u5012\u7523\u30ea\u30b9\u30af\u3092\u6bd4\u8f03\u7684\u306b\u56de\u907f\u3067\u304d\u308b\u3002<\/td><\/tr>
\u30b3\u30e1\u30f3\u30c8\u6b04<\/strong><\/td>\u300c\u518d\u8a55\u4fa1\u300d\u300c\u8cc7\u7523\u6d3b\u7528\u300d\u300c\u898b\u76f4\u3057\u300d\u306a\u3069\u306f\u682a\u4fa1\u4e0a\u6607\u4f59\u5730\u306e\u30b5\u30a4\u30f3\u304b\u3082\u3002<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

\u56db\u5b63\u5831\u3067\u306e\u898b\u3064\u3051\u65b9\u306e\u30b3\u30c4<\/strong>
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\u9ad8\u914d\u5f53\u682a\uff08\u30a4\u30f3\u30ab\u30e0\u682a\uff09\u3092\u898b\u3064\u3051\u308b\u30b3\u30c4<\/strong><\/h3>\n\n\n\n

\u3053\u3093\u306a\u4eba\u306b\u5411\u3044\u3066\u3044\u308b
<\/strong>\u5b89\u5b9a\u7684\u306b\u914d\u5f53\u3092\u53d7\u3051\u53d6\u308a\u305f\u3044\u3001\u682a\u4fa1\u4e0b\u843d\u30ea\u30b9\u30af\u3092\u3042\u308b\u7a0b\u5ea6\u907f\u3051\u305f\u3044\u3001\u9577\u671f\u4fdd\u6709\u3067\u8cc7\u7523\u5f62\u6210\u3057\u305f\u3044\u4eba\u306a\u3069\u3002<\/p>\n\n\n\n

\u898b\u308b\u3079\u304d\u56db\u5b63\u5831\u9805\u76ee<\/strong><\/th>\u6307\u6a19<\/strong><\/th><\/tr><\/thead>
\u914d\u5f53\u5229\u56de\u308a<\/strong><\/strong><\/td>\u5e74\u9593\u306e\u914d\u5f53\u53ce\u5165\u306e\u5927\u304d\u3055\u3092\u78ba\u8a8d\u3002<\/td><\/tr>
1\u682a\u914d\u5f53\u984d<\/strong><\/strong><\/td>\u5b9f\u969b\u306e\u914d\u5f53\u984d\u3067\u3042\u308a\u3001\u7d99\u7d9a\u3057\u3066\u5897\u914d\u3055\u308c\u3066\u3044\u308b\u304b\uff1f<\/td><\/tr>
\u55b6\u696d\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc<\/strong><\/strong><\/td>\u914d\u5f53\u306e\u539f\u8cc7\u306b\u306a\u308b\u305f\u3081\u3001\u5b89\u5b9a\u9ed2\u5b57\u3067\u3042\u308b\u3053\u3068\u304c\u91cd\u8981\u3002<\/td><\/tr>
\u30b3\u30e1\u30f3\u30c8\u6b04<\/strong><\/td>\u300c\u914d\u5f53\u7dad\u6301\u300d\u300c\u682a\u4e3b\u9084\u5143\u65b9\u91dd\u300d\u306a\u3069\u306f\u3001\u914d\u5f53\u91cd\u8996\u306e\u6295\u8cc7\u306b\u304a\u3044\u3066\u9577\u671f\u7684\u306a\u5b89\u5fc3\u611f\u304c\u3042\u308a\u307e\u3059\u3002<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

\u56db\u5b63\u5831\u3067\u306e\u898b\u3064\u3051\u65b9\u306e\u30b3\u30c4<\/strong>
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\n
\u4f1a\u793e\u56db\u5b63\u5831\u3068\u306f\u4f55\u3067\u3059\u304b\uff1f<\/dt>
\n

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\u4f1a\u793e\u56db\u5b63\u5831\u306f\u3044\u3064\u767a\u884c\u3055\u308c\u307e\u3059\u304b\uff1f<\/dt>
\n

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\u521d\u5fc3\u8005\u306f\u4f1a\u793e\u56db\u5b63\u5831\u306e\u3069\u3053\u3092\u898b\u308c\u3070\u3044\u3044\u3067\u3059\u304b\uff1f<\/dt>
\n

\u307e\u305a\u306f\u6b21\u306e3\u3064\u3092\u898b\u308b\u306e\u304c\u304a\u3059\u3059\u3081\u3067\u3059\u3002<\/p>\n\n\n\n

\u30fb\u696d\u7e3e\uff08\u58f2\u4e0a\u30fb\u5229\u76ca\u306e\u6210\u9577\uff09<\/p>\n\n\n\n

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\n
\n
\n

<\/p>\n

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\u7121\u6599\u3067\u914d\u4fe1\u3044\u305f\u3057\u307e\u3059<\/p>\n

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