{"id":257,"date":"2026-09-15T12:08:28","date_gmt":"2026-09-15T03:08:28","guid":{"rendered":"https:\/\/sonokane.net\/?p=257"},"modified":"2026-09-15T12:08:30","modified_gmt":"2026-09-15T03:08:30","slug":"%e3%80%902026%e5%b9%b49%e6%9c%88%e7%99%ba%e8%a1%a8%e3%83%bb%e9%80%9a%e6%9c%9f%e6%b1%ba%e7%ae%97%e3%80%91link-u%e3%82%b0%e3%83%ab%e3%83%bc%e3%83%97%ef%bc%884446%ef%bc%89%e3%81%af%e5%96%b6%e6%a5%ad","status":"publish","type":"post","link":"https:\/\/sonokane.net\/?p=257","title":{"rendered":"\u30102026\u5e749\u6708\u767a\u8868\u30fb\u901a\u671f\u6c7a\u7b97\u3011Link-U\u30b0\u30eb\u30fc\u30d7\uff084446\uff09\u306f\u55b6\u696d\u8d64\u5b57\u3002\u305d\u308c\u3067\u3082\u56db\u534a\u671f\u30921\u3064\u305a\u3064\u5207\u308a\u51fa\u3059\u3068\u3001\u5229\u76ca\u306f4\u671f\u9023\u7d9a\u3067\u5897\u3048\u3066\u3044\u305f"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">\u672c\u8a18\u4e8b\u306f2026\u5e749\u6708\u6642\u70b9\u306e\u516c\u958b\u60c5\u5831\u306b\u57fa\u3065\u304f\u500b\u4eba\u306e\u5206\u6790\u30e1\u30e2\u3067\u3059\u3002\u57f7\u7b46\u306b\u306f\u751f\u6210AI\u3092\u5229\u7528\u3057\u3066\u3044\u307e\u3059\u304c\u3001\u6570\u5024\u306f\u7b46\u8005\u304c\u4e00\u6b21\u60c5\u5831\u3068\u7167\u5408\u3057\u3066\u3044\u307e\u3059\u3002\u7279\u5b9a\u9298\u67c4\u306e\u58f2\u8cb7\u3092\u63a8\u5968\u3059\u308b\u3082\u306e\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u6295\u8cc7\u5224\u65ad\u306f\u3054\u81ea\u8eab\u306e\u8cac\u4efb\u3067\u304a\u9858\u3044\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u3053\u306e\u8a18\u4e8b\u3067\u308f\u304b\u308b\u3053\u3068<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u901a\u671f\u3067382\u767e\u4e07\u5186\u306e\u55b6\u696d\u8d64\u5b57\u306b\u306a\u3063\u305f\u76f4\u63a5\u306e\u539f\u56e0\uff08\u5b50\u4f1a\u793e\u306e\u306e\u308c\u3093\u6e1b\u640d767\u767e\u4e07\u5186\uff09\u3068\u3001\u305d\u306e\u5185\u8a33<\/li>\n\n\n\n<li>\u7d2f\u8a08\u3057\u304b\u958b\u793a\u3055\u308c\u306a\u3044\u6c7a\u7b97\u3092\u56db\u534a\u671f\u3054\u3068\u306b\u5dee\u3057\u5f15\u304f\u3068\u3001\u7c97\u5229\u7387\u304c46.1%\u219251.6%\u219252.5%\u219253.1%\u3068\u4e00\u672c\u8abf\u5b50\u3067\u4e0a\u304c\u3063\u3066\u3044\u305f\u3053\u3068<\/li>\n\n\n\n<li>\u4f1a\u793e\u304c\u4f7f\u3046\u300c\u8abf\u6574\u5f8c\u55b6\u696d\u5229\u76ca\u300d\u3068\u3044\u3046\u6307\u6a19\u306e\u4e2d\u8eab\u3068\u3001\u4f1a\u793e\u306e\u8aac\u660e\u8cc7\u6599\u306e\u30d6\u30ea\u30c3\u30b8\u56f3\u306b\u6f5c\u3080\u57fa\u6e96\u306e\u305a\u308c<\/li>\n\n\n\n<li>\u7a0e\u5f15\u524d\u640d\u5931381\u767e\u4e07\u5186\u306b\u5bfe\u3057\u3066\u6700\u7d42\u640d\u5931\u304c555\u767e\u4e07\u5186\u307e\u3067\u81a8\u3089\u3093\u3060\u7406\u7531\uff08\u6cd5\u4eba\u6240\u5f97\u7a0e\u8cbb\u7528139\u767e\u4e07\u5186\u306e\u6b63\u4f53\uff09<\/li>\n\n\n\n<li>2027\u5e747\u6708\u671f\u4e88\u60f3\u304c\u300c16.7%\uff5e12.5%\u306e\u6e1b\u53ce\u300d\u306b\u898b\u3048\u308b\u306e\u306b\u3001\u4f1a\u793e\u304c\u300c107.3%\uff5e112.7%\u306e\u5897\u53ce\u300d\u3068\u66f8\u3044\u3066\u3044\u308b\u7406\u7531<\/li>\n\n\n\n<li>\u6c7a\u7b97\u3068\u540c\u65e5\u306b\u6c7a\u307e\u3063\u305f\u30af\u30e9\u30f3\u30c1\u30ed\u30fc\u30eb\u3078\u306e\u7b2c\u4e09\u8005\u5272\u5f53\uff087.56%\u306e\u5e0c\u8584\u5316\uff09\u3068\u30012026\u5e747\u6708\u306b\u30d7\u30e9\u30a4\u30e0\u5e02\u5834\u304b\u3089\u30b9\u30bf\u30f3\u30c0\u30fc\u30c9\u5e02\u5834\u3078\u79fb\u3063\u305f\u7d4c\u7def\u306e\u3064\u306a\u304c\u308a<\/li>\n\n\n\n<li>\u682a\u4e3b\u512a\u5f85\u30fb\u914d\u5f53\u306e\u6709\u7121\u3068\u3001\u4f1a\u793e\u304c\u305d\u308c\u3092\u3069\u3046\u660e\u8a00\u3057\u3066\u3044\u308b\u304b<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">1. \u3053\u306e\u4f1a\u793e\u3092\u4e00\u8a00\u3067\u3044\u3046\u3068<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Link-U\u30b0\u30eb\u30fc\u30d7\u3092\u4e00\u8a00\u3067\u3044\u3046\u306a\u3089\u3001**\u300c\u672c\u5c4b\u306e\u68da\u3067\u306f\u306a\u304f\u3001\u672c\u5c4b\u306e\u5009\u5eab\u3068\u914d\u9001\u3092\u5f15\u304d\u53d7\u3051\u3066\u3044\u308b\u4f1a\u793e\u300d**\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u30de\u30f3\u30ac\u30a2\u30d7\u30ea\u3092\u958b\u3044\u305f\u3068\u304d\u3001\u8aad\u8005\u304c\u898b\u3066\u3044\u308b\u306e\u306f\u51fa\u7248\u793e\u306e\u770b\u677f\u3067\u3059\u3002\u300e\u30de\u30f3\u30acUP!\u300f\u306f\u30b9\u30af\u30a6\u30a7\u30a2\u30fb\u30a8\u30cb\u30c3\u30af\u30b9\u3001\u300eMANGA Plus by SHUEISHA\u300f\u306f\u96c6\u82f1\u793e\u3002\u3068\u3053\u308d\u304c\u3001\u305d\u306e\u30a2\u30d7\u30ea\u306e\u88cf\u5074\u3067\u3001\u4f55\u767e\u4e07\u4eba\u3082\u306e\u30e6\u30fc\u30b6\u30fc\u304c\u540c\u6642\u306b\u30da\u30fc\u30b8\u3092\u3081\u304f\u3063\u3066\u3082\u843d\u3061\u306a\u3044\u30b5\u30fc\u30d0\u30fc\u3092\u8a2d\u8a08\u3057\u3001\u753b\u50cf\u3092\u9ad8\u901f\u3067\u914d\u4fe1\u3057\u3001\u30a2\u30d7\u30ea\u305d\u306e\u3082\u306e\u3092\u4f5c\u3063\u3066\u904b\u7528\u3057\u3066\u3044\u308b\u306e\u306f\u3001\u770b\u677f\u3092\u51fa\u3057\u3066\u3044\u306a\u3044\u5225\u306e\u4f1a\u793e\u3067\u3042\u308b\u3053\u3068\u304c\u591a\u3044\u3002Link-U\u306f\u305d\u306e\u300c\u5225\u306e\u4f1a\u793e\u300d\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u81ea\u793e\u8a2d\u8a08\u306e\u30aa\u30ea\u30b8\u30ca\u30eb\u30b5\u30fc\u30d0\u30fc\u306b\u3088\u308b\u30b3\u30b9\u30c8\u7af6\u4e89\u529b\u3068\u9ad8\u901f\u306a\u30c7\u30fc\u30bf\u8ee2\u9001\u3001\u305d\u3057\u3066\u5927\u624b\u51fa\u7248\u793e\u3068\u306e\u9577\u671f\u306e\u904b\u7528\u5b9f\u7e3e\u3002\u3053\u308c\u304c\u4f1a\u793e\u304c\u81ea\u3089\u6319\u3052\u308b\u5f37\u307f\u3067\u3059\uff08\u6c7a\u7b97\u77ed\u4fe1\u3088\u308a\uff09\u3002\u8981\u3059\u308b\u306b\u3001\u51fa\u7248\u793e\u304c\u81ea\u524d\u3067\u306f\u62b1\u3048\u304d\u308c\u306a\u3044\u300c\u30c7\u30b8\u30bf\u30eb\u914d\u4fe1\u306e\u88cf\u5074\u300d\u3092\u3001\u8a2d\u5099\u3054\u3068\u5f15\u304d\u53d7\u3051\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3053\u306e\u4f8b\u3048\u306f\u3001\u3053\u306e\u8a18\u4e8b\u306e\u5f8c\u534a\u3067\u3082\u30463\u56de\u4f7f\u3044\u307e\u3059\u3002\u5f31\u6c17\u6750\u6599\u306e\u3068\u3053\u308d\u3067\u3082\u3001\u8cc7\u672c\u653f\u7b56\u306e\u3068\u3053\u308d\u3067\u3082\u3001\u540c\u3058\u8ef8\u3067\u8aac\u660e\u304c\u3067\u304d\u308b\u304b\u3089\u3067\u3059\u3002\u5148\u306b\u7d50\u8ad6\u3060\u3051\u8a00\u3063\u3066\u304a\u304f\u3068\u3001<strong>\u5009\u5eab\u3068\u914d\u9001\u3092\u9810\u304b\u308b\u4f1a\u793e\u306f\u3001\u68da\u306b\u4f55\u3092\u4e26\u3079\u308b\u304b\u3092\u81ea\u5206\u3067\u306f\u6c7a\u3081\u3089\u308c\u306a\u3044<\/strong>\u3002\u4eca\u56de\u767a\u8868\u3055\u308c\u305f\u4e2d\u671f\u7d4c\u55b6\u8a08\u753b\u300c\u4e2d\u671f\u7d4c\u55b6\u8a08\u753b2030\u300d\u3067\u4f1a\u793e\u304c\u300cIP\u4fa1\u5024\u306e\u6700\u5927\u5316\u300d\u3092\u63b2\u3052\u305f\u306e\u3082\u3001\u6c7a\u7b97\u3068\u540c\u65e5\u306b\u30af\u30e9\u30f3\u30c1\u30ed\u30fc\u30eb\u3078\u682a\u3092\u5272\u308a\u5f53\u3066\u305f\u306e\u3082\u3001\u3053\u306e\u4e00\u70b9\u304b\u3089\u8aac\u660e\u3067\u304d\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u4f1a\u793e\u306e\u57fa\u672c\u60c5\u5831<\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\u9805\u76ee<\/th><th>\u5185\u5bb9<\/th><\/tr><\/thead><tbody><tr><td>\u4f1a\u793e\u540d<\/td><td>Link-U\u30b0\u30eb\u30fc\u30d7\u682a\u5f0f\u4f1a\u793e\uff08\u8a3c\u5238\u30b3\u30fc\u30c94446\uff09<\/td><\/tr><tr><td>\u4e0a\u5834\u5e02\u5834<\/td><td>\u6771\u8a3c\u30b9\u30bf\u30f3\u30c0\u30fc\u30c9\u5e02\u5834\uff082026\u5e747\u67082\u65e5\u306b\u30d7\u30e9\u30a4\u30e0\u5e02\u5834\u304b\u3089\u5909\u66f4\uff09<\/td><\/tr><tr><td>\u6c7a\u7b97\u671f<\/td><td>7\u6708\u671f\uff082025\u5e748\u67081\u65e5\uff5e2026\u5e747\u670831\u65e5\u304c\u300c2026\u5e747\u6708\u671f\u300d\uff09<\/td><\/tr><tr><td>\u4f1a\u8a08\u57fa\u6e96<\/td><td>IFRS\uff082025\u5e747\u6708\u671f\u304b\u3089\u9069\u7528\uff09<\/td><\/tr><tr><td>\u30bb\u30b0\u30e1\u30f3\u30c8<\/td><td>\u30a4\u30f3\u30bf\u30fc\u30cd\u30c3\u30c8\u30b5\u30fc\u30d3\u30b9\u4e8b\u696d\u306e\u5358\u4e00\u30bb\u30b0\u30e1\u30f3\u30c8\uff08\u77ed\u4fe1\u4e0a\u306e\u958b\u793a\uff09<\/td><\/tr><tr><td>\u5f93\u696d\u54e1\u6570<\/td><td>\u5358\u4f5322\u540d\u3001\u9023\u7d50193\u540d\uff082026\u5e747\u6708\u672b\uff09<\/td><\/tr><tr><td>\u8cc7\u672c\u91d1<\/td><td>477\u767e\u4e07\u5186<\/td><\/tr><tr><td>\u682a\u4e3b\u512a\u5f85<\/td><td><strong>\u5236\u5ea6\u306a\u3057<\/strong>\uff08\u4f1a\u793eIR\u306eFAQ\u3067\u300c\u73fe\u5728\u3054\u7528\u610f\u306f\u3054\u3056\u3044\u307e\u305b\u3093\u300d\u3068\u660e\u8a00\uff09<\/td><\/tr><tr><td>\u914d\u5f53<\/td><td><strong>\u7121\u914d<\/strong>\uff082025\u5e747\u6708\u671f\u30fb2026\u5e747\u6708\u671f\u3068\u30820\u5186\u30012027\u5e747\u6708\u671f\u4e88\u60f3\u30820\u5186\uff09<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\"><strong>\u7528\u8a9e\u30e1\u30e2\uff1a\u5358\u4e00\u30bb\u30b0\u30e1\u30f3\u30c8\u3068\u3044\u3046\u3053\u3068\u306e\u610f\u5473<\/strong> \u30bb\u30b0\u30e1\u30f3\u30c8\u60c5\u5831\u306f\u3001\u4f1a\u793e\u304c\u300c\u4e8b\u696d\u3054\u3068\u306e\u58f2\u4e0a\u3068\u5229\u76ca\u300d\u3092\u6295\u8cc7\u5bb6\u306b\u898b\u305b\u308b\u305f\u3081\u306e\u958b\u793a\u3067\u3059\u3002Link-U\u306f\u3053\u308c\u3092\u300c\u30a4\u30f3\u30bf\u30fc\u30cd\u30c3\u30c8\u30b5\u30fc\u30d3\u30b9\u4e8b\u696d\u306e\u5358\u4e00\u30bb\u30b0\u30e1\u30f3\u30c8\u300d\u3068\u3057\u3066\u3044\u308b\u305f\u3081\u3001<strong>\u77ed\u4fe1\u304b\u3089\u306f\u4e8b\u696d\u3054\u3068\u306e\u5229\u76ca\u304c\u307e\u3063\u305f\u304f\u8aad\u307f\u53d6\u308c\u307e\u305b\u3093<\/strong>\u3002\u58f2\u4e0a\u3060\u3051\u306f\u6c7a\u7b97\u8aac\u660e\u8cc7\u6599\u306e\u30b0\u30e9\u30d5\u3067\u4e8b\u696d\u5225\u306b\u958b\u793a\u3055\u308c\u3066\u3044\u307e\u3059\u304c\u3001\u5229\u76ca\u306f\u4f1a\u793e\u5168\u4f53\u306e\u6570\u5b57\u3057\u304b\u306a\u3044\u3002\u3053\u306e\u8a18\u4e8b\u3067\u56db\u534a\u671f\u306e\u5dee\u3057\u5f15\u304d\u306b\u3053\u3060\u308f\u308b\u306e\u306f\u3001\u4e8b\u696d\u5225\u304c\u898b\u3048\u306a\u3044\u4ee5\u4e0a\u3001\u6642\u9593\u8ef8\u3067\u5207\u308b\u3057\u304b\u306a\u3044\u304b\u3089\u3067\u3059\u3002<\/p>\n<\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\">\u76f4\u8fd14\u671f\u306e\u696d\u7e3e\u63a8\u79fb<\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\u6c7a\u7b97\u671f<\/th><th>\u58f2\u4e0a\u53ce\u76ca<\/th><th>\u55b6\u696d\u5229\u76ca<\/th><th>\u89aa\u4f1a\u793e\u5e30\u5c5e\u5229\u76ca<\/th><th>EPS<\/th><th>1\u682a\u5f53\u305f\u308a\u6301\u5206<\/th><th>\u914d\u5f53<\/th><\/tr><\/thead><tbody><tr><td>2024\u5e747\u6708\u671f<\/td><td>3,671\u767e\u4e07\u5186<\/td><td>312\u767e\u4e07\u5186<\/td><td>157\u767e\u4e07\u5186<\/td><td>11.10\u5186<\/td><td>182.67\u5186<\/td><td>0\u5186<\/td><\/tr><tr><td>2025\u5e747\u6708\u671f<\/td><td>4,835\u767e\u4e07\u5186<\/td><td>326\u767e\u4e07\u5186<\/td><td>147\u767e\u4e07\u5186<\/td><td>10.44\u5186<\/td><td>182.69\u5186<\/td><td>0\u5186<\/td><\/tr><tr><td>2026\u5e747\u6708\u671f<\/td><td>4,800\u767e\u4e07\u5186<\/td><td>\u25b3383\u767e\u4e07\u5186<\/td><td>\u25b3555\u767e\u4e07\u5186<\/td><td>\u25b339.18\u5186<\/td><td>161.48\u5186<\/td><td>0\u5186<\/td><\/tr><tr><td>2027\u5e747\u6708\u671f\uff08\u4e88\u60f3\uff09<\/td><td>4,000\uff5e4,200\u767e\u4e07\u5186<\/td><td>400\uff5e480\u767e\u4e07\u5186<\/td><td>241\uff5e293\u767e\u4e07\u5186<\/td><td>17.00\uff5e20.67\u5186<\/td><td>\uff0d<\/td><td>0\u5186<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\uff082024\u5e747\u6708\u671f\uff5e2026\u5e747\u6708\u671f\u306f2026\u5e749\u670814\u65e5\u300c\u7b2c\u4e09\u8005\u5272\u5f53\u306b\u3088\u308b\u65b0\u682a\u5f0f\u306e\u767a\u884c\u306b\u95a2\u3059\u308b\u304a\u77e5\u3089\u305b\u300d\u306e\u8a18\u8f09\u30012027\u5e747\u6708\u671f\u306f\u540c\u65e5\u306e\u6c7a\u7b97\u77ed\u4fe1\u3088\u308a\uff09<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3053\u306e\u8868\u3067\u307e\u305a\u6c17\u3065\u3044\u3066\u307b\u3057\u3044\u306e\u306f\u3001<strong>2024\u5e747\u6708\u671f\u304b\u30892026\u5e747\u6708\u671f\u307e\u3067\u3001\u58f2\u4e0a\u306f\u4f38\u3073\u3066\u3044\u308b\u306e\u306b\u89aa\u4f1a\u793e\u5e30\u5c5e\u306e\u5229\u76ca\u306f157\u2192147\u2192\u25b3555\u3068\u4e00\u5ea6\u3082\u5897\u3048\u3066\u3044\u306a\u3044<\/strong>\u3053\u3068\u3067\u3059\u3002\u4eca\u671f\u306e\u8d64\u5b57\u8ee2\u843d\u3060\u3051\u3092\u300c\u4e00\u6642\u7684\u306a\u6e1b\u640d\u306e\u305b\u3044\u300d\u3068\u7247\u3065\u3051\u308b\u3068\u3001\u305d\u306e\u524d\u306e2\u671f\u306e\u6a2a\u3070\u3044\u3092\u898b\u843d\u3068\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">2. 2026\u5e747\u6708\u671f\u6c7a\u7b97\u306e\u30cf\u30a4\u30e9\u30a4\u30c8<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">\u307e\u305a\u77ed\u4fe1\u306e\u6570\u5b57\u3092\u305d\u306e\u307e\u307e\u4e26\u3079\u307e\u3059\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\u9805\u76ee<\/th><th>2026\u5e747\u6708\u671f<\/th><th>2025\u5e747\u6708\u671f<\/th><th>\u524d\u671f\u6bd4<\/th><\/tr><\/thead><tbody><tr><td>\u58f2\u4e0a\u53ce\u76ca<\/td><td>4,800,392\u5343\u5186<\/td><td>4,835,406\u5343\u5186<\/td><td>\u25b30.7%<\/td><\/tr><tr><td>\u58f2\u4e0a\u7dcf\u5229\u76ca<\/td><td>2,446,526\u5343\u5186<\/td><td>2,309,721\u5343\u5186<\/td><td>\uff0b5.9%<\/td><\/tr><tr><td>\u8ca9\u58f2\u8cbb\u53ca\u3073\u4e00\u822c\u7ba1\u7406\u8cbb<\/td><td>2,069,616\u5343\u5186<\/td><td>2,062,257\u5343\u5186<\/td><td>\uff0b0.4%<\/td><\/tr><tr><td>\u6e1b\u640d\u640d\u5931<\/td><td>767,242\u5343\u5186<\/td><td>3,371\u5343\u5186<\/td><td>\uff0d<\/td><\/tr><tr><td>\u55b6\u696d\u5229\u76ca<\/td><td>\u25b3382,566\u5343\u5186<\/td><td>326,968\u5343\u5186<\/td><td>\uff0d<\/td><\/tr><tr><td>\uff08\u53c2\u8003\uff09\u8abf\u6574\u5f8c\u55b6\u696d\u5229\u76ca<\/td><td>403,056\u5343\u5186<\/td><td>282,240\u5343\u5186<\/td><td>\uff0b42.8%<\/td><\/tr><tr><td>\u7a0e\u5f15\u524d\u5229\u76ca<\/td><td>\u25b3380,737\u5343\u5186<\/td><td>308,943\u5343\u5186<\/td><td>\uff0d<\/td><\/tr><tr><td>\u6cd5\u4eba\u6240\u5f97\u7a0e\u8cbb\u7528<\/td><td>139,473\u5343\u5186<\/td><td>84,019\u5343\u5186<\/td><td>\uff0b66.0%<\/td><\/tr><tr><td>\u5f53\u671f\u5229\u76ca<\/td><td>\u25b3520,211\u5343\u5186<\/td><td>224,924\u5343\u5186<\/td><td>\uff0d<\/td><\/tr><tr><td>\u89aa\u4f1a\u793e\u306e\u6240\u6709\u8005\u306b\u5e30\u5c5e\u3059\u308b\u5f53\u671f\u5229\u76ca<\/td><td>\u25b3554,815\u5343\u5186<\/td><td>147,986\u5343\u5186<\/td><td>\uff0d<\/td><\/tr><tr><td>\u57fa\u672c\u76841\u682a\u5f53\u305f\u308a\u5f53\u671f\u5229\u76ca<\/td><td>\u25b339.14\u5186<\/td><td>10.44\u5186<\/td><td>\uff0d<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\uff082026\u5e749\u670814\u65e5\u767a\u8868\u300c2026\u5e747\u6708\u671f \u6c7a\u7b97\u77ed\u4fe1\u3014IFRS\u3015\uff08\u9023\u7d50\uff09\u300d\u3088\u308a\u8ee2\u8a18\u3002\u524d\u671f\u306e\u8abf\u6574\u5f8c\u55b6\u696d\u5229\u76ca282\u767e\u4e07\u5186\u306f\u77ed\u4fe1\u306e\u53c2\u8003\u6b04\u306e\u8a18\u8f09\uff09<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u58f2\u4e0a\u306f\u307b\u307c\u6a2a\u3070\u3044\u3002<strong>\u3068\u3053\u308d\u304c\u58f2\u4e0a\u7dcf\u5229\u76ca\u306f5.9%\u5897\u3048\u3066\u3044\u307e\u3059<\/strong>\u3002\u539f\u4fa1\u304c2,525\u767e\u4e07\u5186\u304b\u30892,353\u767e\u4e07\u5186\u3078\u6e1b\u3063\u3066\u3044\u308b\u304b\u3089\u3067\u3059\u3002\u305d\u3057\u3066\u8ca9\u7ba1\u8cbb\u306f\u307b\u307c\u52d5\u3044\u3066\u3044\u306a\u3044\u3002\u3053\u3053\u307e\u3067\u306a\u3089\u5897\u76ca\u6c7a\u7b97\u306e\u5f62\u3092\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u305d\u308c\u3092\u5168\u90e8\u5439\u304d\u98db\u3070\u3057\u305f\u306e\u304c\u3001<strong>\u6e1b\u640d\u640d\u5931767,242\u5343\u5186<\/strong>\u3067\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u8ca1\u653f\u72b6\u614b\u3068\u30ad\u30e3\u30c3\u30b7\u30e5\u30fb\u30d5\u30ed\u30fc<\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\u9805\u76ee<\/th><th>2026\u5e747\u6708\u672b<\/th><th>2025\u5e747\u6708\u672b<\/th><th>\u5897\u6e1b<\/th><\/tr><\/thead><tbody><tr><td>\u73fe\u91d1\u53ca\u3073\u73fe\u91d1\u540c\u7b49\u7269<\/td><td>953,507\u5343\u5186<\/td><td>1,654,662\u5343\u5186<\/td><td>\u25b3701,155\u5343\u5186<\/td><\/tr><tr><td>\u306e\u308c\u3093<\/td><td>330,601\u5343\u5186<\/td><td>1,107,417\u5343\u5186<\/td><td>\u25b3776,816\u5343\u5186<\/td><\/tr><tr><td>\u6301\u5206\u6cd5\u3067\u4f1a\u8a08\u51e6\u7406\u3055\u308c\u3066\u3044\u308b\u6295\u8cc7<\/td><td>462,883\u5343\u5186<\/td><td>45,076\u5343\u5186<\/td><td>\uff0b417,807\u5343\u5186<\/td><\/tr><tr><td>\u305d\u306e\u4ed6\u306e\u91d1\u878d\u8cc7\u7523\uff08\u975e\u6d41\u52d5\uff09<\/td><td>843,728\u5343\u5186<\/td><td>432,144\u5343\u5186<\/td><td>\uff0b411,584\u5343\u5186<\/td><\/tr><tr><td>\u8cc7\u7523\u5408\u8a08<\/td><td>4,865,892\u5343\u5186<\/td><td>5,720,877\u5343\u5186<\/td><td>\u25b3854,985\u5343\u5186<\/td><\/tr><tr><td>\u501f\u5165\u91d1\uff08\u6d41\u52d5\uff0b\u975e\u6d41\u52d5\uff09<\/td><td>1,306,371\u5343\u5186<\/td><td>1,654,811\u5343\u5186<\/td><td>\u25b3348,440\u5343\u5186<\/td><\/tr><tr><td>\u89aa\u4f1a\u793e\u306e\u6240\u6709\u8005\u306b\u5e30\u5c5e\u3059\u308b\u6301\u5206<\/td><td>2,289,532\u5343\u5186<\/td><td>2,589,279\u5343\u5186<\/td><td>\u25b3299,747\u5343\u5186<\/td><\/tr><tr><td>\u89aa\u4f1a\u793e\u6240\u6709\u8005\u5e30\u5c5e\u6301\u5206\u6bd4\u7387<\/td><td>47.1%<\/td><td>45.3%<\/td><td>\uff0b1.8pt<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\u30ad\u30e3\u30c3\u30b7\u30e5\u30fb\u30d5\u30ed\u30fc<\/th><th>2026\u5e747\u6708\u671f<\/th><th>2025\u5e747\u6708\u671f<\/th><\/tr><\/thead><tbody><tr><td>\u55b6\u696d\u6d3b\u52d5<\/td><td>\uff0b677,144\u5343\u5186<\/td><td>\uff0b222,561\u5343\u5186<\/td><\/tr><tr><td>\u6295\u8cc7\u6d3b\u52d5<\/td><td>\u25b3954,019\u5343\u5186<\/td><td>\u25b3112,808\u5343\u5186<\/td><\/tr><tr><td>\u8ca1\u52d9\u6d3b\u52d5<\/td><td>\u25b3429,376\u5343\u5186<\/td><td>\u25b3362,034\u5343\u5186<\/td><\/tr><tr><td>\u73fe\u91d1\u53ca\u3073\u73fe\u91d1\u540c\u7b49\u7269 \u671f\u672b\u6b8b\u9ad8<\/td><td>953,507\u5343\u5186<\/td><td>1,654,662\u5343\u5186<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\u3053\u3053\u306b\u3082\u3001\u898b\u843d\u3068\u3059\u3068\u8aa4\u89e3\u3059\u308b\u6570\u5b57\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>1\u3064\u76ee\u3002\u6700\u7d42\u8d64\u5b57555\u767e\u4e07\u5186\u306a\u306e\u306b\u3001\u81ea\u5df1\u8cc7\u672c\u6bd4\u7387\u306f45.3%\u304b\u308947.1%\u3078\u4e0a\u304c\u3063\u3066\u3044\u307e\u3059\u3002<\/strong> \u5206\u5b50\uff08\u81ea\u5df1\u8cc7\u672c\uff09\u304c300\u767e\u4e07\u5186\u6e1b\u3063\u305f\u4ee5\u4e0a\u306b\u3001\u5206\u6bcd\uff08\u7dcf\u8cc7\u7523\uff09\u304c855\u767e\u4e07\u5186\u6e1b\u3063\u305f\u304b\u3089\u3067\u3059\u3002\u306e\u308c\u3093\u304c777\u767e\u4e07\u5186\u6d88\u3048\u305f\u3001\u305d\u306e\u5e33\u5c3b\u3067\u3059\u3002\u81ea\u5df1\u8cc7\u672c\u6bd4\u7387\u306e\u6539\u5584\u304c\u8ca1\u52d9\u306e\u6539\u5584\u3092\u610f\u5473\u3057\u306a\u3044\u30b1\u30fc\u30b9\u306e\u5178\u578b\u3067\u3001<strong>\u3053\u3053\u306f\u300c\u8d64\u5b57\u3067\u8cc7\u7523\u304c\u75e9\u305b\u305f\u7d50\u679c\u3001\u6bd4\u7387\u3060\u3051\u826f\u304f\u898b\u3048\u3066\u3044\u308b\u300d\u3068\u8aad\u3080\u306e\u304c\u6b63\u78ba<\/strong>\u3060\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>2\u3064\u76ee\u3002\u55b6\u696d\u30ad\u30e3\u30c3\u30b7\u30e5\u30fb\u30d5\u30ed\u30fc\u306f222\u767e\u4e07\u5186\u304b\u3089677\u767e\u4e07\u5186\u30783\u500d\u306b\u306a\u3063\u3066\u3044\u307e\u3059\u3002<\/strong> \u3053\u308c\u306f\u6e1b\u640d767\u767e\u4e07\u5186\u304c\u73fe\u91d1\u306e\u51fa\u3066\u3044\u304b\u306a\u3044\u8cbb\u7528\uff08\u975e\u8cc7\u91d1\u8cbb\u7528\uff09\u3068\u3057\u3066\u8db3\u3057\u623b\u3055\u308c\u3066\u3044\u308b\u305f\u3081\u3067\u3001\u77ed\u4fe1\u3082\u300c\u7a0e\u5f15\u524d\u640d\u5931380,737\u5343\u5186\u3092\u8a08\u4e0a\u3057\u305f\u4e00\u65b9\u3067\u3001\u6e1b\u640d\u640d\u5931767,242\u5343\u5186\u53ca\u3073\u6e1b\u4fa1\u511f\u5374\u8cbb\u53ca\u3073\u511f\u5374\u8cbb298,978\u5343\u5186\u3068\u3044\u3063\u305f\u975e\u8cc7\u91d1\u8cbb\u7528\u3092\u8abf\u6574\u3057\u305f\u300d\u3068\u660e\u8a18\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>3\u3064\u76ee\u3002\u55b6\u696dCF 677\u767e\u4e07\u5186\u306b\u5bfe\u3057\u3066\u6295\u8cc7CF\u304c\u25b3954\u767e\u4e07\u5186\u3067\u3001\u30d5\u30ea\u30fc\u30ad\u30e3\u30c3\u30b7\u30e5\u30fb\u30d5\u30ed\u30fc\u306f\u25b3277\u767e\u4e07\u5186\u3067\u3059\u3002<\/strong> \u73fe\u91d1\u304c701\u767e\u4e07\u5186\u6e1b\u3063\u305f\u6700\u5927\u306e\u7406\u7531\u306f\u3053\u3053\u306b\u3042\u308a\u307e\u3059\u3002\u6295\u8cc7\u306e\u4e2d\u8eab\u306f\u3001\u6301\u5206\u6cd5\u3067\u4f1a\u8a08\u51e6\u7406\u3055\u308c\u3066\u3044\u308b\u6295\u8cc7\u306e\u53d6\u5f97319\u767e\u4e07\u5186\u3001\u6709\u5f62\u56fa\u5b9a\u8cc7\u7523316\u767e\u4e07\u5186\u3001\u7121\u5f62\u8cc7\u7523168\u767e\u4e07\u5186\u3001\u9023\u7d50\u7bc4\u56f2\u306e\u5909\u66f4\u306b\u4f34\u3046\u652f\u51fa89\u767e\u4e07\u5186\uff08\u77ed\u4fe1\u3088\u308a\uff09\u3002\u30b5\u30fc\u30d0\u30fc\u3092\u81ea\u524d\u3067\u6301\u3064\u4f1a\u793e\u306a\u306e\u3067\u3001\u6709\u5f62\u56fa\u5b9a\u8cc7\u7523\u3078\u306e\u652f\u51fa\u304c\u524d\u671f\u306e72\u767e\u4e07\u5186\u304b\u3089316\u767e\u4e07\u5186\u30784\u500d\u4ee5\u4e0a\u306b\u5897\u3048\u3066\u3044\u308b\u70b9\u306f\u899a\u3048\u3066\u304a\u304f\u4fa1\u5024\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">3. \u6df1\u6398\u308a\uff1a\u7d2f\u8a08\u3057\u304b\u51fa\u306a\u3044\u6c7a\u7b97\u3092\u3001\u56db\u534a\u671f\u306b\u5272\u308a\u76f4\u3059<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">\u3053\u3053\u304b\u3089\u304c\u3053\u306e\u8a18\u4e8b\u306e\u672c\u4f53\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Link-U\u306f\u56db\u534a\u671f\u306e\u640d\u76ca\u3092\u300c\u7d2f\u8a08\u300d\u3067\u3057\u304b\u958b\u793a\u3057\u307e\u305b\u3093\u30021Q\u306f1Q\u3060\u3051\u30012Q\u306f8\u6708\uff5e1\u6708\u306e6\u304b\u6708\u5408\u8a08\u30013Q\u306f9\u304b\u6708\u5408\u8a08\u3001\u901a\u671f\u306f12\u304b\u6708\u5408\u8a08\u3002<strong>\u3064\u307e\u308a\u300c11\u6708\uff5e1\u6708\u306e3\u304b\u6708\u3060\u3051\u306e\u6210\u7e3e\u300d\u306f\u3001\u3069\u3053\u306b\u3082\u66f8\u3044\u3066\u3044\u306a\u3044<\/strong>\u3002\u81ea\u5206\u3067\u5f15\u304d\u7b97\u3059\u308b\u3057\u304b\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\"><strong>\u7528\u8a9e\u30e1\u30e2\uff1a\u306a\u305c\u5f15\u304d\u7b97\u304c\u5fc5\u8981\u306a\u306e\u304b<\/strong> \u4e0a\u5834\u4f01\u696d\u306e\u56db\u534a\u671f\u958b\u793a\u306f\u300c\u7d2f\u8a08\u65b9\u5f0f\u300d\u304c\u4e00\u822c\u7684\u3067\u3059\u30023Q\u6c7a\u7b97\u77ed\u4fe1\u306b\u8f09\u3063\u3066\u3044\u308b\u300c\u55b6\u696d\u5229\u76ca241\u767e\u4e07\u5186\u300d\u306f\u30018\u6708\u304b\u30894\u6708\u307e\u3067\u306e9\u304b\u6708\u306e\u5408\u8a08\u3067\u3042\u3063\u3066\u30012\u6708\uff5e4\u6708\u306e3\u304b\u6708\u306e\u6570\u5b57\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u30023\u304b\u6708\u5206\u3060\u3051\u3092\u53d6\u308a\u51fa\u3057\u305f\u3044\u3068\u304d\u306f\u3001<strong>\u305d\u306e\u56db\u534a\u671f\u306e\u7d2f\u8a08\u304b\u3089\u524d\u306e\u56db\u534a\u671f\u306e\u7d2f\u8a08\u3092\u5f15\u304f<\/strong>\u3002\u3053\u308c\u3060\u3051\u3067\u3059\u3002\u3053\u306e\u4f5c\u696d\u306f\u4ed6\u306e\u3069\u306e\u9298\u67c4\u3067\u3082\u540c\u3058\u3088\u3046\u306b\u4f7f\u3048\u308b\u306e\u3067\u3001\u899a\u3048\u3066\u304a\u3044\u3066\u640d\u306f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n<\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\">Link-U\u306e\u5404\u77ed\u4fe1\u304b\u3089\u7d2f\u8a08\u5024\u3092\u8ee2\u8a18\u3057\u3001\u5dee\u3057\u5f15\u3044\u30663\u304b\u6708\u3054\u3068\u306b\u4e26\u3079\u305f\u3082\u306e\u304c\u4ee5\u4e0b\u3067\u3059\u3002<strong>4\u3064\u306e\u56db\u534a\u671f\u3092\u8db3\u3057\u623b\u3059\u3068\u30019\u3064\u306e\u79d1\u76ee\u3059\u3079\u3066\u304c\u901a\u671f\u306e\u958b\u793a\u5024\u3068\u3074\u3063\u305f\u308a\u4e00\u81f4\u3059\u308b\u3053\u3068\u3092\u78ba\u8a8d\u6e08\u307f<\/strong>\u3067\u3059\uff08\u58f2\u4e0a\u53ce\u76ca\u30fb\u58f2\u4e0a\u539f\u4fa1\u30fb\u58f2\u4e0a\u7dcf\u5229\u76ca\u30fb\u8ca9\u7ba1\u8cbb\u30fb\u6e1b\u640d\u640d\u5931\u30fb\u305d\u306e\u4ed6\u306e\u53ce\u76ca\u30fb\u305d\u306e\u4ed6\u306e\u8cbb\u7528\u30fb\u6301\u5206\u6cd5\u640d\u76ca\u30fb\u55b6\u696d\u5229\u76ca\u306e9\u79d1\u76ee\uff09\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u5358\u72ec\u56db\u534a\u671f\u306e\u640d\u76ca\uff08\u7b46\u8005\u306e\u5dee\u3057\u5f15\u304d\u30fb\u5358\u4f4d\uff1a\u5343\u5186\uff09<\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\u671f\u9593<\/th><th>\u58f2\u4e0a\u53ce\u76ca<\/th><th>\u58f2\u4e0a\u7dcf\u5229\u76ca<\/th><th>\u7c97\u5229\u7387<\/th><th>\u8ca9\u7ba1\u8cbb<\/th><th>\u6e1b\u640d\u640d\u5931<\/th><th>\u55b6\u696d\u5229\u76ca<\/th><th>\u55b6\u696d\u5229\u76ca\u7387<\/th><\/tr><\/thead><tbody><tr><td>2025\u5e747\u6708\u671f 1Q\uff0824\u5e748-10\u6708\uff09<\/td><td>1,280,416<\/td><td>603,666<\/td><td>47.1%<\/td><td>499,760<\/td><td>0<\/td><td>127,930<\/td><td>10.0%<\/td><\/tr><tr><td>2025\u5e747\u6708\u671f 2Q\uff0824\u5e7411-1\u6708\uff09<\/td><td>1,344,093<\/td><td>665,089<\/td><td>49.5%<\/td><td>522,919<\/td><td>0<\/td><td>175,362<\/td><td>13.0%<\/td><\/tr><tr><td>2025\u5e747\u6708\u671f 3Q\uff0825\u5e742-4\u6708\uff09<\/td><td>1,056,880<\/td><td>513,883<\/td><td>48.6%<\/td><td>542,834<\/td><td>0<\/td><td>\u25b324,588<\/td><td>\u25b32.3%<\/td><\/tr><tr><td>2025\u5e747\u6708\u671f 4Q\uff0825\u5e745-7\u6708\uff09<\/td><td>1,154,017<\/td><td>527,083<\/td><td>45.7%<\/td><td>496,744<\/td><td>3,371<\/td><td>48,264<\/td><td>4.2%<\/td><\/tr><tr><td>2026\u5e747\u6708\u671f 1Q\uff0825\u5e748-10\u6708\uff09<\/td><td>1,089,359<\/td><td>501,908<\/td><td>46.1%<\/td><td>557,274<\/td><td>0<\/td><td>\u25b343,742<\/td><td>\u25b34.0%<\/td><\/tr><tr><td>2026\u5e747\u6708\u671f 2Q\uff0825\u5e7411-1\u6708\uff09<\/td><td>1,195,804<\/td><td>616,749<\/td><td>51.6%<\/td><td>522,874<\/td><td>0<\/td><td>100,084<\/td><td>8.4%<\/td><\/tr><tr><td>2026\u5e747\u6708\u671f 3Q\uff0826\u5e742-4\u6708\uff09<\/td><td>1,263,108<\/td><td>663,370<\/td><td>52.5%<\/td><td>484,949<\/td><td>0<\/td><td>185,064<\/td><td>14.7%<\/td><\/tr><tr><td>2026\u5e747\u6708\u671f 4Q\uff0826\u5e745-7\u6708\uff09<\/td><td>1,252,121<\/td><td>664,499<\/td><td>53.1%<\/td><td>504,519<\/td><td>767,242<\/td><td>\u25b3623,972<\/td><td>\u25b349.8%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\u3053\u306e\u8868\u306e\u30dd\u30a4\u30f3\u30c8\u306f3\u3064\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u30dd\u30a4\u30f3\u30c81\uff1a\u7c97\u5229\u7387\u304c4\u56db\u534a\u671f\u9023\u7d9a\u3067\u4e0a\u304c\u3063\u3066\u3044\u308b\u3002<\/strong> 46.1% \u2192 51.6% \u2192 52.5% \u2192 53.1%\u3002\u524d\u671f\u306e\u540c\u30584\u56db\u534a\u671f\u306f47.1% \u2192 49.5% \u2192 48.6% \u2192 45.7%\u3067\u3001\u671f\u672b\u306b\u5411\u3051\u3066\u4e0b\u304c\u3063\u3066\u3044\u307e\u3057\u305f\u3002\u65b9\u5411\u304c\u771f\u9006\u3067\u3059\u3002\u58f2\u4e0a\u304c\u307b\u307c\u6a2a\u3070\u3044\u3067\u3082\u58f2\u4e0a\u7dcf\u5229\u76ca\u304c5.9%\u5897\u3048\u305f\u306e\u306f\u3001\u3053\u306e\u7c97\u5229\u7387\u306e\u6539\u5584\u304c\u307e\u308b\u3054\u3068\u52b9\u3044\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u30dd\u30a4\u30f3\u30c82\uff1a\u8ca9\u7ba1\u8cbb\u306f1Q\u306e557\u767e\u4e07\u5186\u304c\u30d4\u30fc\u30af\u3067\u3001\u305d\u306e\u5f8c\u306f485\uff5e505\u767e\u4e07\u5186\u306b\u843d\u3061\u3066\u3044\u308b\u3002<\/strong> \u4f1a\u793e\u306f\u8aac\u660e\u8cc7\u6599\u3067\u300c\u5e83\u544a\u5ba3\u4f1d\u8cbb\u300d\u306e\u6e1b\u5c11\u3092\u5229\u76ca\u306e\u62bc\u3057\u4e0a\u3052\u8981\u56e0\uff08\uff0b147\u767e\u4e07\u5186\uff09\u3068\u3057\u3066\u6319\u3052\u3066\u304a\u308a\u3001\u56db\u534a\u671f\u306e\u52d5\u304d\u3068\u6574\u5408\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u30dd\u30a4\u30f3\u30c83\uff1a4Q\u306e\u55b6\u696d\u640d\u5931624\u767e\u4e07\u5186\u306f\u3001\u6e1b\u640d767\u767e\u4e07\u5186\u3092\u542b\u3093\u3060\u6570\u5b57\u3067\u3042\u308b\u3002<\/strong> \u6e1b\u640d\u3092\u9664\u3044\u3066\u8003\u3048\u308b\u3068\u30014Q\u306e\u5b9f\u529b\u30d9\u30fc\u30b9\u306e\u5229\u76ca\u306f\u5f8c\u8ff0\u306e\u3068\u304a\u308a\u30d7\u30e9\u30b9\u3067\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u524d\u671f\u306e3Q\u306f\u3001\u5b9f\u306f\u8d64\u5b57\u3060\u3063\u305f<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u3082\u3046\u3072\u3068\u3064\u3001\u7d2f\u8a08\u3060\u3051\u898b\u3066\u3044\u305f\u3089\u7d76\u5bfe\u306b\u6c17\u3065\u304b\u306a\u3044\u4e8b\u5b9f\u304c\u3042\u308a\u307e\u3059\u3002<strong>2025\u5e747\u6708\u671f\u306e3Q\uff082025\u5e742\u6708\uff5e4\u6708\uff09\u306f\u3001\u5358\u72ec\u3067\u306f\u55b6\u696d\u640d\u593124,588\u5343\u5186\u306e\u8d64\u5b57\u3067\u3057\u305f<\/strong>\u3002\u3053\u306e\u671f\u306f\u901a\u671f\u3067\u55b6\u696d\u5229\u76ca327\u767e\u4e07\u5186\u3092\u8a08\u4e0a\u3057\u3066\u304a\u308a\u3001\u7d2f\u8a08\u306e\u958b\u793a\u3067\u306f3Q\u6642\u70b9\u3067\u3082278\u767e\u4e07\u5186\u306e\u9ed2\u5b57\u3067\u3059\u3002\u8d64\u5b57\u306e3\u304b\u6708\u306f\u3001\u7d2f\u8a08\u306e\u4e2d\u306b\u5b8c\u5168\u306b\u57cb\u307e\u3063\u3066\u3044\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3053\u308c\u306f\u300c\u7d2f\u8a08\u3057\u304b\u958b\u793a\u3057\u306a\u3044\u4f1a\u793e\u3067\u306f\u3001\u597d\u8abf\u306b\u898b\u3048\u308b\u671f\u306e\u4e2d\u306b\u8d64\u5b57\u306e\u56db\u534a\u671f\u304c\u57cb\u307e\u3063\u3066\u3044\u308b\u3053\u3068\u304c\u3042\u308b\u300d\u3068\u3044\u3046\u4e00\u822c\u8ad6\u306e\u5b9f\u4f8b\u3067\u3059\u3002\u305d\u3057\u3066\u4eca\u671f\u3092\u8a55\u4fa1\u3059\u308b\u306b\u306f\u3001\u3053\u306e\u7269\u5dee\u3057\u304c\u8981\u308a\u307e\u3059\u3002\u524d\u671f\u306e3Q\u304c\u8d64\u5b57\u3060\u3063\u305f\u304b\u3089\u3053\u305d\u3001\u4eca\u671f3Q\u306e185\u767e\u4e07\u5186\u3068\u3044\u3046\u6570\u5b57\u306e\u610f\u5473\u304c\u5206\u304b\u308b\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u8abf\u6574\u5f8c\u55b6\u696d\u5229\u76ca\u3068\u306f\u4f55\u304b<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f1a\u793e\u306f\u4eca\u671f\u304b\u3089\u300c\u8abf\u6574\u5f8c\u55b6\u696d\u5229\u76ca\u300d\u3092\u524d\u9762\u306b\u51fa\u3057\u3066\u3044\u307e\u3059\u3002\u5b9a\u7fa9\u306f\u77ed\u4fe1\u306e\u6ce8\u8a18\u306b\u660e\u8a18\u3055\u308c\u3066\u3044\u3066\u3001<strong>\u55b6\u696d\u5229\u76ca\u304b\u3089\u6e1b\u640d\u640d\u5931\u30fb\u305d\u306e\u4ed6\u306e\u53ce\u76ca\u30fb\u305d\u306e\u4ed6\u306e\u8cbb\u7528\u3092\u8abf\u6574\u3057\u3066\u7b97\u51fa<\/strong>\u3057\u305f\u3082\u306e\u3067\u3059\u3002\u5b9f\u969b\u306b\u77ed\u4fe1\u306e\u640d\u76ca\u8a08\u7b97\u66f8\u306e\u6570\u5b57\u3092\u5f53\u3066\u306f\u3081\u308b\u3068\u3001\u3053\u3046\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<pre class=\"wp-block-code\"><code>\u8abf\u6574\u5f8c\u55b6\u696d\u5229\u76ca \uff1d \u55b6\u696d\u5229\u76ca \uff0b \u6e1b\u640d\u640d\u5931 \uff0d \u305d\u306e\u4ed6\u306e\u53ce\u76ca \uff0b \u305d\u306e\u4ed6\u306e\u8cbb\u7528\n\n2026\u5e747\u6708\u671f\uff1a \u25b3382,566 \uff0b 767,242 \uff0d 10,241 \uff0b 28,622 \uff1d 403,057\u5343\u5186\n2025\u5e747\u6708\u671f\uff1a  326,968 \uff0b   3,371 \uff0d  51,125 \uff0b  3,026 \uff1d 282,240\u5343\u5186<\/code><\/pre>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f1a\u793e\u306e\u958b\u793a\u306f403,056\u5343\u5186\u30fb282,240\u5343\u5186\u306a\u306e\u3067\u3001\u5f53\u671f\u306f\u7b46\u8005\u306e\u8a08\u7b97\u30681\u5343\u5186\u3060\u3051\u5dee\u304c\u51fa\u307e\u3059\u3002\u640d\u76ca\u8a08\u7b97\u66f8\u306e\u5404\u79d1\u76ee\u304c\u5343\u5186\u672a\u6e80\u3092\u5207\u308a\u6368\u3066\u3066\u8868\u793a\u3055\u308c\u3066\u3044\u308b\u305f\u3081\u3067\u3001\u5b9f\u52d9\u4e0a\u306f\u4e00\u81f4\u3068\u898b\u3066\u5dee\u3057\u652f\u3048\u3042\u308a\u307e\u305b\u3093\u3002\u524d\u671f\u6bd4\u306f403,056 \u00f7 282,240 \uff1d <strong>142.8%<\/strong>\u3002\u4f1a\u793e\u304c\u8a00\u3046\u300c\u8abf\u6574\u5f8c\u55b6\u696d\u5229\u76ca\u306f142.8%\u300d\u306f\u3053\u308c\u3067\u88cf\u304c\u53d6\u308c\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u540c\u3058\u8a08\u7b97\u30924Q\u5358\u72ec\u306b\u5f53\u3066\u306f\u3081\u308b\u3068\u3001<\/p>\n\n\n\n<pre class=\"wp-block-code\"><code>2026\u5e747\u6708\u671f 4Q\u5358\u72ec\uff1a \u25b3623,972 \uff0b 767,242 \uff0d (\u25b3465) \uff0b 16,847 \uff1d 160,582\u5343\u5186\n2025\u5e747\u6708\u671f 4Q\u5358\u72ec\uff1a    48,264 \uff0b   3,371 \uff0d  12,734 \uff0b    424 \uff1d  39,325\u5343\u5186\n\u524d\u671f\u6bd4 \uff1d 160,582 \u00f7 39,325 \uff1d 408.3%<\/code><\/pre>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f1a\u793e\u304c\u8aac\u660e\u8cc7\u6599\u3067\u63b2\u3052\u308b\u300c4Q\u5358\u4f53\u306e\u8abf\u6574\u5f8c\u55b6\u696d\u5229\u76ca161\u767e\u4e07\u5186\u3001\u524d\u5e74\u6bd4408%\u300d\u3068\u4e00\u81f4\u3057\u307e\u3059\u3002\u3053\u3053\u307e\u3067\u306f\u3001\u4f1a\u793e\u306e\u8aac\u660e\u306f\u6570\u5b57\u306e\u4e0a\u3067\u6b63\u78ba\u3067\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u305f\u3060\u3057\u3001\u8aac\u660e\u8cc7\u6599\u306e\u30d6\u30ea\u30c3\u30b8\u56f3\u306b\u306f\u57fa\u6e96\u306e\u305a\u308c\u304c\u3042\u308b<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f1a\u793e\u306e\u6c7a\u7b97\u8aac\u660e\u8cc7\u659913\u30da\u30fc\u30b8\u306b\u306f\u3001\u524d\u671f\u306e\u55b6\u696d\u5229\u76ca\u304b\u3089\u4eca\u671f\u306e\u55b6\u696d\u5229\u76ca\u307e\u3067\u3092\u8981\u56e0\u5225\u306b\u6a4b\u6e21\u3057\u3059\u308b\u30b0\u30e9\u30d5\uff08\u30d6\u30ea\u30c3\u30b8\u56f3\uff09\u304c\u8f09\u3063\u3066\u3044\u307e\u3059\u3002\u56f3\u304b\u3089\u8aad\u307f\u53d6\u3063\u305f\u6570\u5024\u306f\u6b21\u306e\u3068\u304a\u308a\u3067\u3059\uff08\u5358\u4f4d\uff1a\u767e\u4e07\u5186\u3001\u7b46\u8005\u304c\u56f3\u304b\u3089\u8aad\u307f\u53d6\u3063\u305f\u3082\u306e\uff09\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\u8981\u56e0<\/th><th>\u91d1\u984d<\/th><\/tr><\/thead><tbody><tr><td>2025\u5e747\u6708\u671f \u55b6\u696d\u5229\u76ca<\/td><td>327<\/td><\/tr><tr><td>\u58f2\u4e0a<\/td><td>\u25b335<\/td><\/tr><tr><td>\u58f2\u4e0a\u9023\u52d5\u8cbb\u7528<\/td><td>\uff0b275<\/td><\/tr><tr><td>\u5e83\u544a\u5ba3\u4f1d\u8cbb<\/td><td>\uff0b147<\/td><\/tr><tr><td>\u4eba\u4ef6\u8cbb\u30fb\u696d\u52d9\u59d4\u8a17\u7b49<\/td><td>\u25b3232<\/td><\/tr><tr><td>\u6e1b\u4fa1\u511f\u5374\u7b49<\/td><td>\u25b341<\/td><\/tr><tr><td>\u305d\u306e\u4ed6<\/td><td>\u25b337<\/td><\/tr><tr><td><strong>2026\u5e747\u6708\u671f \u55b6\u696d\u5229\u76ca\uff08\u8abf\u6574\u5f8c\uff09<\/strong><\/td><td><strong>403<\/strong><\/td><\/tr><tr><td>\u6e1b\u640d\u640d\u5931\u7b49<\/td><td>\u25b3786<\/td><\/tr><tr><td><strong>2026\u5e747\u6708\u671f \u55b6\u696d\u5229\u76ca\uff08\u8abf\u6574\u524d\uff09<\/strong><\/td><td><strong>\u25b3383<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\u7a4d\u307f\u4e0a\u3052\u3092\u691c\u7b97\u3059\u308b\u3068327\uff0d35\uff0b275\uff0b147\uff0d232\uff0d41\uff0d37\uff1d404\u3068\u306a\u308a\u3001\u56f3\u306e403\u3068\u306f1\u767e\u4e07\u5186\u305a\u308c\u307e\u3059\u3002\u3053\u308c\u306f\u767e\u4e07\u5186\u672a\u6e80\u5207\u6368\u3066\u306e\u7d2f\u7a4d\u8aa4\u5dee\u306e\u7bc4\u56f2\u3067\u3059\u3002\u307e\u305f\u300c\u6e1b\u640d\u640d\u5931\u7b49786\u300d\u306f\u3001\u77ed\u4fe1\u306e\u6e1b\u640d767.2\uff0b\u305d\u306e\u4ed6\u306e\u8cbb\u752828.6\uff0d\u305d\u306e\u4ed6\u306e\u53ce\u76ca10.2\uff1d785.6\u3067\u8aac\u660e\u3067\u304d\u3001\u3053\u3053\u3082\u6574\u5408\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u6c17\u306b\u306a\u308b\u306e\u306f\u3001\u6a4b\u306e\u5de6\u7aef\u3068\u53f3\u7aef\u3067\u57fa\u6e96\u304c\u9055\u3046\u3053\u3068\u3067\u3059\u3002<\/strong> \u5de6\u7aef\u306e\u300c327\u300d\u306f\u524d\u671f\u306e<strong>\u8abf\u6574\u524d<\/strong>\u306e\u55b6\u696d\u5229\u76ca\u3067\u3001\u53f3\u7aef\u306e\u300c403\u300d\u306f\u4eca\u671f\u306e<strong>\u8abf\u6574\u5f8c<\/strong>\u306e\u55b6\u696d\u5229\u76ca\u3067\u3059\u3002\u4f1a\u793e\u81ea\u8eab\u304c\u300c\u8abf\u6574\u5f8c\u55b6\u696d\u5229\u76ca\u306f\u524d\u671f\u6bd4142.8%\u300d\u3068\u66f8\u3044\u3066\u3044\u308b\u3068\u304d\u3001\u305d\u306e\u5206\u6bcd\u306f\u524d\u671f\u306e<strong>\u8abf\u6574\u5f8c<\/strong>282\u767e\u4e07\u5186\u306e\u307b\u3046\u3067\u3059\u3002\u540c\u3058\u8cc7\u6599\u306e\u4e2d\u306b\u3001282\u3092\u5206\u6bcd\u306b\u3057\u305f\u300c143%\u300d\u3068\u3001327\u3092\u8d77\u70b9\u306b\u3057\u305f\u6a4b\u304c\u4f75\u5b58\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u540c\u3058\u57fa\u6e96\u3067\u4e26\u3079\u76f4\u3059\u3068\u3001\u3053\u3046\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\u6bd4\u8f03\u306e\u4ed5\u65b9<\/th><th>2025\u5e747\u6708\u671f<\/th><th>2026\u5e747\u6708\u671f<\/th><th>\u524d\u671f\u6bd4<\/th><\/tr><\/thead><tbody><tr><td>\u8abf\u6574\u524d\u3069\u3046\u3057\uff08\uff1dIFRS\u306e\u55b6\u696d\u5229\u76ca\uff09<\/td><td>326.9\u767e\u4e07\u5186<\/td><td>\u25b3382.5\u767e\u4e07\u5186<\/td><td>\u8d64\u5b57\u8ee2\u843d<\/td><\/tr><tr><td>\u8abf\u6574\u5f8c\u3069\u3046\u3057<\/td><td>282.2\u767e\u4e07\u5186<\/td><td>403.0\u767e\u4e07\u5186<\/td><td>\uff0b42.8%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\u3069\u3061\u3089\u3082\u4e8b\u5b9f\u3067\u3059\u3002<strong>\u300c\u55b6\u696d\u8d64\u5b57\u300d\u3082\u300c\u5b9f\u529b\u30d9\u30fc\u30b9\u30674\u5272\u5f37\u306e\u5897\u76ca\u300d\u3082\u3001\u4e21\u65b9\u3068\u3082\u672c\u5f53<\/strong>\u3067\u3042\u308b\u3001\u3068\u3044\u3046\u72b6\u614b\u304c\u3053\u306e\u6c7a\u7b97\u306e\u6b63\u4f53\u3060\u3068\u601d\u3044\u307e\u3059\u3002\u30d6\u30ea\u30c3\u30b8\u56f3\u3092\u898b\u308b\u3068\u304d\u306b\u3001\u5de6\u7aef\u304c\u4f55\u306e\u6570\u5b57\u306a\u306e\u304b\u3092\u78ba\u8a8d\u3059\u308b\u7656\u306f\u3064\u3051\u3066\u304a\u3044\u305f\u307b\u3046\u304c\u3044\u3044\u3001\u3068\u3044\u3046\u306e\u304c\u500b\u4eba\u7684\u306a\u611f\u60f3\u3067\u3059\u3002<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">4. \u6e1b\u640d767\u767e\u4e07\u5186\u306e\u4e2d\u8eab\u3068\u3001\u7a0e\u91d1\u306e\u8a71<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">\u6e1b\u640d\u306e\u4e2d\u8eab<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u6e1b\u640d\u640d\u5931767,242\u5343\u5186\u306e\u3046\u3061\u3001<strong>745\u767e\u4e07\u5186\u306f\u9023\u7d50\u5b50\u4f1a\u793e\u3067\u3042\u308b\u682a\u5f0f\u4f1a\u793eRomanz\u306b\u4fc2\u308b\u306e\u308c\u3093<\/strong>\u3067\u3059\u3002\u540c\u65e5\u958b\u793a\u306e\u300c\u6e1b\u640d\u640d\u5931\u306e\u8a08\u4e0a\u53ca\u3073\u901a\u671f\u9023\u7d50\u696d\u7e3e\u4e88\u60f3\u3068\u5b9f\u7e3e\u5024\u3068\u306e\u5dee\u7570\u306b\u95a2\u3059\u308b\u304a\u77e5\u3089\u305b\u300d\u306b\u3001\u7406\u7531\u304c\u3053\u3046\u66f8\u304b\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\">\u540c\u793e\u304c\u5c55\u958b\u3059\u308b\u30de\u30fc\u30b1\u30c6\u30a3\u30f3\u30b0\u4e8b\u696d\u306b\u304a\u3044\u3066\u3001\u4e3b\u8981\u9867\u5ba2\u3068\u306e\u53d6\u5f15\u7e2e\u5c0f\u7b49\u306b\u3088\u308a\u3001\u8cb7\u53ce\u6642\u306b\u60f3\u5b9a\u3057\u3066\u3044\u305f\u53ce\u76ca\u304c\u78ba\u4fdd\u3067\u304d\u305a\u3001\u4e8b\u696d\u8a08\u753b\u3092\u898b\u76f4\u3057\u305f\u3053\u3068\u306b\u3088\u308b\u3082\u306e\u3067\u3059\u3002<\/p>\n<\/blockquote>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\"><strong>\u7528\u8a9e\u30e1\u30e2\uff1a\u306e\u308c\u3093\u306e\u6e1b\u640d<\/strong> \u4f1a\u793e\u3092\u8cb7\u53ce\u3059\u308b\u3068\u304d\u3001\u76f8\u624b\u306e\u7d14\u8cc7\u7523\u3088\u308a\u9ad8\u3044\u5024\u6bb5\u3092\u6255\u3046\u3053\u3068\u304c\u3042\u308a\u307e\u3059\u3002\u305d\u306e\u5dee\u984d\u304c\u300c\u306e\u308c\u3093\u300d\u3067\u3001\u8cb7\u53ce\u5148\u304c\u5c06\u6765\u7a3c\u3050\u3068\u898b\u8fbc\u3093\u3060\u5206\u306e\u5024\u672d\u3067\u3059\u3002\u305d\u306e\u898b\u8fbc\u307f\u304c\u5d29\u308c\u305f\u3068\u304d\u3001\u5024\u672d\u3092\u66f8\u304d\u63db\u3048\u308b\u4f1a\u8a08\u51e6\u7406\u304c\u6e1b\u640d\u3067\u3059\u3002\u73fe\u91d1\u306f\u51fa\u3066\u3044\u304d\u307e\u305b\u3093\u304c\u3001\u305d\u306e\u5206\u3060\u3051\u5229\u76ca\u3068\u81ea\u5df1\u8cc7\u672c\u304c\u6e1b\u308a\u307e\u3059\u3002IFRS\u3067\u306f\u306e\u308c\u3093\u3092\u6bce\u5e74\u511f\u5374\u305b\u305a\u3001\u4ee3\u308f\u308a\u306b\u6bce\u5e74\u6e1b\u640d\u30c6\u30b9\u30c8\u3092\u884c\u3046\u305f\u3081\u3001<strong>\u5e73\u5e38\u6642\u306f\u30bc\u30ed\u3001\u5d29\u308c\u305f\u5e74\u306b\u4e00\u5ea6\u3067\u5927\u304d\u304f\u8a08\u4e0a\u3055\u308c\u308b<\/strong>\u3068\u3044\u3046\u51fa\u65b9\u3092\u3057\u307e\u3059\u3002<\/p>\n<\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\">\u306e\u308c\u3093\u306f1,107\u767e\u4e07\u5186\u304b\u3089331\u767e\u4e07\u5186\u3078777\u767e\u4e07\u5186\u6e1b\u308a\u307e\u3057\u305f\u3002\u6e1b\u640d745\u767e\u4e07\u5186\u3068\u306e\u5dee32\u767e\u4e07\u5186\u306f\u30012026\u5e747\u670831\u65e5\u4ed8\u3067\u30b0\u30eb\u30fc\u30d7\u304b\u3089\u5916\u308c\u305fBrightech\u30fb\u30d0\u30ea\u30e5\u30fc\u30b3\u30f3\u30b5\u30eb\u30c6\u30a3\u30f3\u30b0\u5206\u3068\u8003\u3048\u308b\u306e\u304c\u81ea\u7136\u3067\u3059\uff08\u4f1a\u793e\u306f\u5185\u8a33\u3092\u958b\u793a\u3057\u3066\u3044\u306a\u3044\u305f\u3081\u3001\u3053\u3053\u306f\u7b46\u8005\u306e\u63a8\u6e2c\u3067\u3059\uff09\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u696d\u7e3e\u4e88\u60f3\u3068\u306e\u5dee\u7570<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">2026\u5e743\u670816\u65e5\u306b\u516c\u8868\u3055\u308c\u3066\u3044\u305f\u524d\u56de\u4e88\u60f3\u3068\u3001\u5b9f\u7e3e\u306e\u5dee\u306f\u6b21\u306e\u3068\u304a\u308a\u3067\u3059\uff08\u540c\u65e5\u306e\u5dee\u7570\u958b\u793a\u3088\u308a\uff09\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\u9805\u76ee<\/th><th>\u524d\u56de\u4e88\u60f3<\/th><th>\u5b9f\u7e3e<\/th><th>\u5dee<\/th><\/tr><\/thead><tbody><tr><td>\u58f2\u4e0a\u53ce\u76ca<\/td><td>4,900\uff5e5,100\u767e\u4e07\u5186<\/td><td>4,800\u767e\u4e07\u5186<\/td><td>\u25b3100\uff5e\u25b3300\u767e\u4e07\u5186<\/td><\/tr><tr><td>\u55b6\u696d\u5229\u76ca<\/td><td>320\uff5e400\u767e\u4e07\u5186<\/td><td>\u25b3383\u767e\u4e07\u5186<\/td><td>\u25b3703\uff5e\u25b3783\u767e\u4e07\u5186<\/td><\/tr><tr><td>\u7a0e\u5f15\u524d\u5229\u76ca<\/td><td>300\uff5e380\u767e\u4e07\u5186<\/td><td>\u25b3381\u767e\u4e07\u5186<\/td><td>\u25b3681\uff5e\u25b3761\u767e\u4e07\u5186<\/td><\/tr><tr><td>\u89aa\u4f1a\u793e\u5e30\u5c5e\u5f53\u671f\u5229\u76ca<\/td><td>150\uff5e200\u767e\u4e07\u5186<\/td><td>\u25b3555\u767e\u4e07\u5186<\/td><td>\u25b3705\uff5e\u25b3755\u767e\u4e07\u5186<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\u6ce8\u610f\u70b9\u3092\u3072\u3068\u3064\u3002<strong>\u3053\u306e\u5dee\u7570\u958b\u793a\u3067\u306fEPS\u304c\u300c\u25b339.18\u5186\u300d\u3068\u66f8\u304b\u308c\u3066\u3044\u307e\u3059\u304c\u3001\u6c7a\u7b97\u77ed\u4fe1\u3067\u306f\u300c\u25b339.14\u5186\u300d\u3067\u3059\u3002<\/strong> \u5dee\u7570\u958b\u793a\u306f\u767e\u4e07\u5186\u306b\u4e38\u3081\u305f555\u767e\u4e07\u5186\u3092\u4f7f\u3063\u3066\u304a\u308a\u3001\u77ed\u4fe1\u306f554,815\u5343\u5186\u3068\u3044\u3046\u5b9f\u984d\u3092\u4f7f\u3063\u3066\u3044\u308b\u305f\u3081\u3001\u5c0f\u6570\u7b2c2\u4f4d\u304c\u305a\u308c\u307e\u3059\u3002\u6b63\u78ba\u306a\u306e\u306f\u77ed\u4fe1\u306e\u25b339.14\u5186\u3067\u3059\u3002\u540c\u3058\u65e5\u306b\u51fa\u305f2\u3064\u306e\u66f8\u985e\u30671\u682a\u5229\u76ca\u304c\u9055\u3063\u3066\u898b\u3048\u308b\u3001\u3068\u3044\u3046\u306e\u306f\u610f\u5916\u3068\u3088\u304f\u3042\u308b\u3053\u3068\u3067\u3001<strong>\u6570\u5b57\u3092\u5f15\u304f\u3068\u304d\u306f\u3069\u306e\u66f8\u985e\u304b\u3089\u5f15\u3044\u305f\u304b\u3092\u81ea\u5206\u3067\u899a\u3048\u3066\u304a\u304f\u5fc5\u8981\u304c\u3042\u308b<\/strong>\u3068\u3044\u3046\u5b9f\u4f8b\u3067\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u7a0e\u5f15\u524d\u640d\u5931\u306a\u306e\u306b\u3001\u7a0e\u91d1\u304c139\u767e\u4e07\u5186\u304b\u304b\u3063\u3066\u3044\u308b<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u3053\u306e\u6c7a\u7b97\u3067\u4e00\u756a\u5730\u5473\u306b\u52b9\u3044\u3066\u3044\u308b\u306e\u304c\u3053\u3053\u3067\u3059\u3002<\/p>\n\n\n\n<pre class=\"wp-block-code\"><code>\u7a0e\u5f15\u524d\u640d\u5931   \u25b3380,737\u5343\u5186\n\u6cd5\u4eba\u6240\u5f97\u7a0e\u8cbb\u7528  139,473\u5343\u5186  \u2190 \u8d64\u5b57\u306a\u306e\u306b\u8cbb\u7528\u304c\u51fa\u308b\n\u5f53\u671f\u640d\u5931     \u25b3520,211\u5343\u5186<\/code><\/pre>\n\n\n\n<p class=\"wp-block-paragraph\">\u8d64\u5b57\u306a\u3089\u7a0e\u91d1\u306f\u623b\u3063\u3066\u304f\u308b\u306e\u3067\u306f\u3001\u3068\u601d\u3046\u3068\u3053\u308d\u3067\u3059\u304c\u3001\u5b9f\u969b\u306b\u306f139\u767e\u4e07\u5186\u306e\u8cbb\u7528\u304c\u8a08\u4e0a\u3055\u308c\u3066\u3044\u307e\u3059\u3002\u8cb8\u501f\u5bfe\u7167\u8868\u3092\u898b\u308b\u3068\u3001<strong>\u7e70\u5ef6\u7a0e\u91d1\u8cc7\u7523\u304c\u524d\u671f\u672b\u306e85,492\u5343\u5186\u304b\u3089\u5f53\u671f\u672b\u306f\u30bc\u30ed\u306b\u306a\u308a\u3001\u4ee3\u308f\u308a\u306b\u7e70\u5ef6\u7a0e\u91d1\u8ca0\u50b5\u304c110,982\u5343\u5186\u7acb\u3063\u3066\u3044\u307e\u3059<\/strong>\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\"><strong>\u7528\u8a9e\u30e1\u30e2\uff1a\u7e70\u5ef6\u7a0e\u91d1\u8cc7\u7523<\/strong> \u5c06\u6765\u306e\u7a0e\u91d1\u3092\u6e1b\u3089\u305b\u308b\u898b\u8fbc\u307f\u3092\u3001\u8cc7\u7523\u3068\u3057\u3066\u5148\u306b\u8a08\u4e0a\u3057\u305f\u3082\u306e\u3067\u3059\u3002\u305f\u3060\u3057\u300c\u5c06\u6765\u3061\u3083\u3093\u3068\u9ed2\u5b57\u304c\u51fa\u3066\u3001\u305d\u306e\u7a0e\u91d1\u3092\u5b9f\u969b\u306b\u6e1b\u3089\u305b\u308b\u300d\u898b\u8fbc\u307f\u304c\u3042\u308b\u3053\u3068\u304c\u6761\u4ef6\u306b\u306a\u308a\u307e\u3059\u3002\u8d64\u5b57\u304c\u51fa\u3066\u898b\u901a\u3057\u304c\u60aa\u304f\u306a\u308b\u3068\u3001\u3053\u306e\u8cc7\u7523\u306f\u53d6\u308a\u5d29\u3055\u308c\u3001<strong>\u53d6\u308a\u5d29\u3057\u305f\u5206\u304c\u305d\u306e\u307e\u307e\u7a0e\u91d1\u8cbb\u7528\u3068\u3057\u3066\u640d\u76ca\u8a08\u7b97\u66f8\u306b\u4e57\u308a\u307e\u3059<\/strong>\u3002\u8d64\u5b57\u306e\u5e74\u306b\u7a0e\u8ca0\u62c5\u304c\u5897\u3048\u3066\u898b\u3048\u308b\u306e\u306f\u3001\u305f\u3044\u3066\u3044\u3053\u308c\u304c\u539f\u56e0\u3067\u3059\u3002<\/p>\n<\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\">\u3082\u3046\u3072\u3068\u3064\u3001<strong>\u5f53\u671f\u640d\u5931520\u767e\u4e07\u5186\u306b\u5bfe\u3057\u3066\u89aa\u4f1a\u793e\u5e30\u5c5e\u306e\u640d\u5931\u304c555\u767e\u4e07\u5186\u3068\u3001\u89aa\u4f1a\u793e\u306e\u307b\u3046\u304c\u5927\u304d\u3044<\/strong>\u70b9\u3082\u62bc\u3055\u3048\u3066\u304a\u304d\u305f\u3044\u3068\u3053\u308d\u3067\u3059\u3002\u5dee\u306e34.6\u767e\u4e07\u5186\u306f\u975e\u652f\u914d\u6301\u5206\uff08\uff1d\u5b50\u4f1a\u793e\u306e\u5916\u90e8\u682a\u4e3b\uff09\u306b\u5e30\u5c5e\u3059\u308b\u5229\u76ca\u3067\u3059\u3002\u6e1b\u640d\u3092\u51fa\u3057\u305fRomanz\u306f100%\u5b50\u4f1a\u793e\u306a\u306e\u3067\u640d\u5931\u306f\u5168\u984d\u304c\u89aa\u4f1a\u793e\u5074\u306b\u4e57\u308a\u3001\u4e00\u65b9\u3067\u30b3\u30f3\u30d1\u30b9\u306a\u3069\u5916\u90e8\u682a\u4e3b\u306e\u3044\u308b\u5b50\u4f1a\u793e\u306f\u5229\u76ca\u3092\u51fa\u3057\u3066\u3044\u305f\u3002<strong>\u30b0\u30eb\u30fc\u30d7\u306e\u4e2d\u3067\u3001\u7a3c\u3044\u3067\u3044\u308b\u4f1a\u793e\u3068\u640d\u3092\u51fa\u3057\u305f\u4f1a\u793e\u304c\u5225\u3060\u3063\u305f<\/strong>\u3068\u3044\u3046\u3053\u3068\u304c\u3001\u3053\u306e1\u884c\u304b\u3089\u8aad\u3081\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u5305\u62ec\u5229\u76ca\u3067\u898b\u308b\u3068\u3001\u50b7\u306f\u3082\u3046\u5c11\u3057\u6d45\u3044<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u6700\u5f8c\u306b\u3001\u640d\u76ca\u8a08\u7b97\u66f8\u306e\u4e0b\u306b\u3042\u308b\u5305\u62ec\u5229\u76ca\u8a08\u7b97\u66f8\u3082\u898b\u3066\u304a\u304d\u307e\u3059\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\u9805\u76ee<\/th><th>2026\u5e747\u6708\u671f<\/th><\/tr><\/thead><tbody><tr><td>\u5f53\u671f\u640d\u5931<\/td><td>\u25b3520,211\u5343\u5186<\/td><\/tr><tr><td>\u305d\u306e\u4ed6\u306e\u5305\u62ec\u5229\u76ca\uff08\u516c\u6b63\u4fa1\u5024\u6e2c\u5b9a\u306e\u91d1\u878d\u8cc7\u7523\uff09<\/td><td>\uff0b285,904\u5343\u5186<\/td><\/tr><tr><td>\u5f53\u671f\u5305\u62ec\u5229\u76ca<\/td><td>\u25b3234,306\u5343\u5186<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\u4fdd\u6709\u3057\u3066\u3044\u308b\u91d1\u878d\u8cc7\u7523\u306e\u542b\u307f\u76ca\u304c286\u767e\u4e07\u5186\u5897\u3048\u3066\u304a\u308a\u3001\u89aa\u4f1a\u793e\u6301\u5206\u306e\u6e1b\u5c11\u306f300\u767e\u4e07\u5186\u306b\u3068\u3069\u307e\u308a\u307e\u3057\u305f\u3002\u5b9f\u969b\u3001\u975e\u6d41\u52d5\u306e\u300c\u305d\u306e\u4ed6\u306e\u91d1\u878d\u8cc7\u7523\u300d\u306f432\u767e\u4e07\u5186\u304b\u3089844\u767e\u4e07\u5186\u3078412\u767e\u4e07\u5186\u5897\u3048\u3066\u3044\u307e\u3059\u3002<strong>\u640d\u76ca\u8a08\u7b97\u66f8\u3060\u3051\u898b\u308b\u3068555\u767e\u4e07\u5186\u306e\u8d64\u5b57\u3067\u3059\u304c\u3001\u8cc7\u672c\u306e\u76ee\u6e1b\u308a\u306f300\u767e\u4e07\u5186<\/strong>\u3002\u3053\u306e\u5dee\u3092\u4f5c\u3063\u3066\u3044\u308b\u306e\u304c\u3001\u640d\u76ca\u3092\u901a\u3055\u306a\u3044\u542b\u307f\u76ca\u3067\u3059\u3002\u305f\u3060\u3057\u4f1a\u793e\u306f\u3053\u306e\u91d1\u878d\u8cc7\u7523\u306e\u4e2d\u8eab\u3092\u958b\u793a\u3057\u3066\u3044\u306a\u3044\u305f\u3081\u3001\u4f55\u306e\u542b\u307f\u76ca\u306a\u306e\u304b\u306f\u6709\u4fa1\u8a3c\u5238\u5831\u544a\u66f8\uff082026\u5e7410\u670828\u65e5\u63d0\u51fa\u4e88\u5b9a\uff09\u3092\u5f85\u3064\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">5. \u4e8b\u696d\u5225\u306b\u4f55\u304c\u8d77\u304d\u305f\u306e\u304b<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">\u77ed\u4fe1\u3067\u306f\u5358\u4e00\u30bb\u30b0\u30e1\u30f3\u30c8\u306a\u306e\u3067\u3001\u4e8b\u696d\u5225\u306e\u6570\u5b57\u306f\u6c7a\u7b97\u8aac\u660e\u8cc7\u6599\u306e\u30b0\u30e9\u30d5\u304b\u3089\u8aad\u3080\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u3002\u4ee5\u4e0b\u306f<strong>\u7b46\u8005\u304c\u8aac\u660e\u8cc7\u6599\u306e\u68d2\u30b0\u30e9\u30d5\u304b\u3089\u8aad\u307f\u53d6\u3063\u305f\u5024<\/strong>\u3067\u3059\uff08\u5358\u4f4d\uff1a\u767e\u4e07\u5186\uff09\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\u4e8b\u696d<\/th><th>2025\u5e747\u6708\u671f<\/th><th>2026\u5e747\u6708\u671f<\/th><th>\u524d\u671f\u6bd4<\/th><\/tr><\/thead><tbody><tr><td>\u30de\u30f3\u30ac\u30b5\u30fc\u30d3\u30b9<\/td><td>2,465<\/td><td>2,807<\/td><td>113.9%<\/td><\/tr><tr><td>\u5236\u4f5c<\/td><td>1,270<\/td><td>1,477<\/td><td>116.3%<\/td><\/tr><tr><td>\u3000\u3046\u3061\u6280\u8853\u958b\u767a<\/td><td>824<\/td><td>952<\/td><td>115.5%<\/td><\/tr><tr><td>\u3000\u3046\u3061\u30b3\u30f3\u30c6\u30f3\u30c4<\/td><td>445<\/td><td>525<\/td><td>118.0%<\/td><\/tr><tr><td>\u30de\u30fc\u30b1\u30c6\u30a3\u30f3\u30b0<\/td><td>1,090<\/td><td>514<\/td><td>47.2%<\/td><\/tr><tr><td><strong>3\u4e8b\u696d\u5408\u8a08<\/strong><\/td><td><strong>4,825<\/strong><\/td><td><strong>4,798<\/strong><\/td><td>99.4%<\/td><\/tr><tr><td>\uff08\u53c2\u8003\uff09\u77ed\u4fe1\u306e\u58f2\u4e0a\u53ce\u76ca<\/td><td>4,835<\/td><td>4,800<\/td><td>99.3%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\u691c\u7b97\u3068\u3057\u3066\u30013\u4e8b\u696d\u306e\u5408\u8a08\u3068\u77ed\u4fe1\u306e\u58f2\u4e0a\u53ce\u76ca\u3092\u7a81\u304d\u5408\u308f\u305b\u308b\u3068\u30012026\u5e747\u6708\u671f\u306f\u5dee\u304c2\u767e\u4e07\u5186\u30012025\u5e747\u6708\u671f\u306f\u5dee\u304c10\u767e\u4e07\u5186\u306b\u3068\u3069\u307e\u308a\u307e\u3057\u305f\u3002\u30b0\u30e9\u30d5\u306e\u8aad\u307f\u53d6\u308a\u7cbe\u5ea6\u3068\u767e\u4e07\u5186\u672a\u6e80\u306e\u4e38\u3081\u3092\u8003\u3048\u308c\u3070\u3001<strong>\u3053\u306e3\u4e8b\u696d\u3067\u307b\u307c\u5168\u793e\u306e\u58f2\u4e0a\u3092\u8aac\u660e\u3067\u304d\u3066\u3044\u308b<\/strong>\u3068\u5224\u65ad\u3057\u3066\u3088\u3055\u305d\u3046\u3067\u3059\u3002\u5236\u4f5c\u4e8b\u696d\u306e\u5185\u8a33\uff08\u6280\u8853\u958b\u767a\uff0b\u30b3\u30f3\u30c6\u30f3\u30c4\uff09\u3082\u3001\u5404\u56db\u534a\u671f\u3067\u5408\u8a08\u304c\u4e00\u81f4\u3059\u308b\u3053\u3068\u3092\u78ba\u8a8d\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8aad\u307f\u65b9\u306f\u30b7\u30f3\u30d7\u30eb\u3067\u3059\u3002<strong>\u4f38\u3073\u305f2\u3064\uff08\u30de\u30f3\u30ac\uff0b342\u767e\u4e07\u5186\u3001\u5236\u4f5c\uff0b207\u767e\u4e07\u5186\uff09\u3092\u3001\u7e2e\u3093\u30601\u3064\uff08\u30de\u30fc\u30b1\u30c6\u30a3\u30f3\u30b0\u25b3576\u767e\u4e07\u5186\uff09\u304c\u3061\u3087\u3046\u3069\u98df\u3044\u6f70\u3057\u305f<\/strong>\u3002\u3060\u304b\u3089\u5168\u793e\u306f0.7%\u306e\u6e1b\u53ce\u306b\u306a\u3063\u305f\u3002\u305d\u3057\u3066\u305d\u306e\u7e2e\u3093\u3060\u4e8b\u696d\u306e\u306e\u308c\u3093\u304c\u3001\u671f\u672b\u306b745\u767e\u4e07\u5186\u5439\u304d\u98db\u3093\u3060\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u6d77\u5916\u6bd4\u7387\u306e\u4e0a\u6607<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u30de\u30f3\u30ac\u30b5\u30fc\u30d3\u30b9\u4e8b\u696d\u306e\u56db\u534a\u671f\u58f2\u4e0a\uff08\u8aac\u660e\u8cc7\u6599\u306e\u68d2\u30b0\u30e9\u30d5\u3088\u308a\uff09\u306f\u30012026\u5e747\u6708\u671f\u304c1Q 666 \u2192 2Q 683 \u2192 3Q 719 \u2192 4Q 739\u767e\u4e07\u5186\u30684\u56db\u534a\u671f\u9023\u7d9a\u3067\u6700\u9ad8\u3092\u66f4\u65b0\u3057\u3066\u3044\u307e\u3059\u3002\u540c\u4e8b\u696d\u306b\u5360\u3081\u308b\u6d77\u5916\u58f2\u4e0a\u6bd4\u7387\u306e\u30b0\u30e9\u30d5\u306f\u30012025\u5e747\u6708\u671f1Q\u306e7.9%\u304b\u3089\u3001Crunchyroll Manga\u3092\u30ea\u30ea\u30fc\u30b9\u3057\u305f2025\u5e7410\u6708\u4ee5\u964d\u306b\u50be\u304d\u304c\u5909\u308f\u308a\u3001\u76f4\u8fd1\u306f17.5%\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u305f\u3060\u3057<strong>\u3053\u3053\u306b1\u3064\u3001\u6570\u5b57\u306e\u98df\u3044\u9055\u3044\u304c\u3042\u308a\u307e\u3059<\/strong>\u3002\u6c7a\u7b97\u77ed\u4fe1\u306e\u672c\u6587\u306f\u300c\u30de\u30f3\u30ac\u30b5\u30fc\u30d3\u30b9\u4e8b\u696d\u306b\u304a\u3051\u308b\u6d77\u5916\u58f2\u4e0a\u6bd4\u7387\u306f17.2\uff05\uff08\u524d\u5e74\u540c\u671f10.3\uff05\uff09\u307e\u3067\u4e0a\u6607\u300d\u3068\u66f8\u3044\u3066\u304a\u308a\u3001\u8aac\u660e\u8cc7\u6599\u306e\u30b0\u30e9\u30d5\u306f\u76f4\u8fd1\u309217.5%\u3068\u8868\u793a\u3057\u3066\u3044\u307e\u3059\u3002\u524d\u5e74\u540c\u671f\u306e10.3%\u306f\u30b0\u30e9\u30d5\u306e2025\u5e747\u6708\u671f4Q\u3068\u4e00\u81f4\u3059\u308b\u306e\u3067\u300117.2%\u30824Q\u306e\u6570\u5b57\u3092\u6307\u3057\u3066\u3044\u308b\u306f\u305a\u3067\u3059\u304c\u30010.3pt\u5408\u3044\u307e\u305b\u3093\u3002\u3069\u3061\u3089\u304c\u6b63\u306a\u306e\u304b\u306f\u958b\u793a\u304b\u3089\u306f\u5224\u65ad\u3067\u304d\u306a\u3044\u305f\u3081\u3001<strong>\u3053\u306e\u8a18\u4e8b\u3067\u306f\u300c17%\u53f0\u524d\u534a\u304b\u3089\u534a\u3070\u300d\u3068\u3044\u3046\u7c92\u5ea6\u3067\u6271\u3044\u3001\u7cbe\u7dfb\u306a\u6bd4\u8f03\u306b\u306f\u4f7f\u3044\u307e\u305b\u3093<\/strong>\u3002\u4f1a\u793e\u304c\u4f75\u305b\u3066\u958b\u793a\u3057\u3066\u3044\u308b\u300c\u6d77\u5916\u30de\u30f3\u30ac\u30b5\u30fc\u30d3\u30b9\u306e\u58f2\u4e0a\u9ad8\u304c\u524d\u5e74\u6bd4182\uff05\u300d\u306f\u77ed\u4fe1\u672c\u6587\u306e\u8a18\u8f09\u3067\u3059\u3002<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">6. 2027\u5e747\u6708\u671f\u4e88\u60f3\u306e\u8aad\u307f\u65b9<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">\u77ed\u4fe1\u306b\u8f09\u3063\u3066\u3044\u308b\u4e88\u60f3\u306f\u3053\u3046\u3067\u3059\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\u9805\u76ee<\/th><th>2027\u5e747\u6708\u671f\u4e88\u60f3<\/th><th>2026\u5e747\u6708\u671f\u5b9f\u7e3e\u6bd4<\/th><\/tr><\/thead><tbody><tr><td>\u58f2\u4e0a\u53ce\u76ca<\/td><td>4,000\uff5e4,200\u767e\u4e07\u5186<\/td><td>\u25b316.7%\uff5e\u25b312.5%<\/td><\/tr><tr><td>\u55b6\u696d\u5229\u76ca<\/td><td>400\uff5e480\u767e\u4e07\u5186<\/td><td>\u9ed2\u5b57\u8ee2\u63db<\/td><\/tr><tr><td>\u7a0e\u5f15\u524d\u5229\u76ca<\/td><td>370\uff5e450\u767e\u4e07\u5186<\/td><td>\u9ed2\u5b57\u8ee2\u63db<\/td><\/tr><tr><td>\u89aa\u4f1a\u793e\u5e30\u5c5e\u5f53\u671f\u5229\u76ca<\/td><td>241\uff5e293\u767e\u4e07\u5186<\/td><td>\u9ed2\u5b57\u8ee2\u63db<\/td><\/tr><tr><td>\u57fa\u672c\u76841\u682a\u5f53\u305f\u308a\u5f53\u671f\u5229\u76ca<\/td><td>17.00\uff5e20.67\u5186<\/td><td>\uff0d<\/td><\/tr><tr><td>\u914d\u5f53<\/td><td>0\u5186<\/td><td>\u7121\u914d\u7d99\u7d9a<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u3053\u308c\u306f\u300c1\u5272\u4ee5\u4e0a\u306e\u6e1b\u53ce\u4e88\u60f3\u300d\u306b\u898b\u3048\u307e\u3059\u3002\u3067\u3059\u304c\u3001\u4f1a\u793e\u306f\u540c\u3058\u77ed\u4fe1\u306e\u4e2d\u3067\u300c\u524d\u671f\u6bd4107.3\uff05\uff5e112.7\uff05\u300d\u3068\u66f8\u3044\u3066\u3044\u307e\u3059\u3002<\/strong> \u77db\u76fe\u3057\u3066\u3044\u308b\u308f\u3051\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u5206\u6bcd\u304c\u9055\u3046\u3060\u3051\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">2026\u5e747\u670831\u65e5\u4ed8\u3067Brightech\u30fb\u30d0\u30ea\u30e5\u30fc\u30b3\u30f3\u30b5\u30eb\u30c6\u30a3\u30f3\u30b0\u3092\u30b0\u30eb\u30fc\u30d7\u304b\u3089\u5916\u3057\u3001\u30b3\u30f3\u30d1\u30b9\u3092\u6301\u5206\u6cd5\u9069\u7528\u95a2\u9023\u4f1a\u793e\u306b\u7570\u52d5\u3055\u305b\u305f\u305f\u3081\u3001<strong>\u305d\u306e3\u793e\u5206\u306e\u58f2\u4e0a\u306f2027\u5e747\u6708\u671f\u306e\u9023\u7d50\u306b\u5165\u308a\u307e\u305b\u3093<\/strong>\u3002\u4f1a\u793e\u304c\u793a\u3057\u3066\u3044\u308b\u7d99\u7d9a\u4e8b\u696d\u30d9\u30fc\u30b9\u306e2026\u5e747\u6708\u671f\u58f2\u4e0a\u306f3,727,746\u5343\u5186\u3002\u5dee\u3057\u5f15\u304f\u3068\u3001<\/p>\n\n\n\n<pre class=\"wp-block-code\"><code>\u9023\u7d50\u304b\u3089\u5916\u308c\u308b\u5206 \uff1d 4,800,392 \uff0d 3,727,746 \uff1d 1,072,646\u5343\u5186\uff08\u5168\u4f53\u306e22.3%\uff09\n4,000,000 \u00f7 3,727,746 \uff1d 107.3%\n4,200,000 \u00f7 3,727,746 \uff1d 112.7%   \u2190 \u77ed\u4fe1\u306e\u8a18\u8f09\u3068\u4e00\u81f4<\/code><\/pre>\n\n\n\n<p class=\"wp-block-paragraph\">\u3064\u307e\u308a\u3001<strong>\u58f2\u4e0a\u306e2\u5272\u5f37\u304c\u4f1a\u8a08\u4e0a\u3044\u306a\u304f\u306a\u3063\u305f\u3046\u3048\u3067\u3001\u6b8b\u3063\u305f\u4e8b\u696d\u306f7\uff5e13%\u4f38\u3073\u308b\u3001\u3068\u3044\u3046\u306e\u304c\u4f1a\u793e\u306e\u7d75<\/strong>\u3067\u3059\u3002\u3053\u308c\u3092\u300c\u6e1b\u53ce\u4e88\u60f3\u300d\u3068\u8aad\u3080\u304b\u300c\u5b9f\u8cea\u5897\u53ce\u4e88\u60f3\u300d\u3068\u8aad\u3080\u304b\u3067\u3001\u3053\u306e\u9298\u67c4\u306e\u898b\u3048\u65b9\u306f\u304b\u306a\u308a\u5909\u308f\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u5229\u76ca\u7387\u3082\u8a08\u7b97\u3057\u3066\u304a\u304d\u307e\u3059\u3002\u4e88\u60f3\u306e\u4e2d\u592e\u5024\uff08\u58f2\u4e0a4,100\u767e\u4e07\u5186\u30fb\u55b6\u696d\u5229\u76ca440\u767e\u4e07\u5186\uff09\u3067\u55b6\u696d\u5229\u76ca\u7387\u306f<strong>10.7%<\/strong>\u30022026\u5e747\u6708\u671f\u306e\u8abf\u6574\u5f8c\u55b6\u696d\u5229\u76ca\u73878.4%\u3001\u7d99\u7d9a\u4e8b\u696d\u30d9\u30fc\u30b9\u306e8.7%\uff08\u8aac\u660e\u8cc7\u6599\uff09\u304b\u3089\u306e\u6539\u5584\u3092\u898b\u8fbc\u3093\u3067\u3044\u308b\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f1a\u793e\u306e\u4e88\u60f3EPS 17.00\uff5e20.67\u5186\u306f\u3001\u5f8c\u8ff0\u3059\u308b\u7b2c\u4e09\u8005\u5272\u5f53\u306b\u3088\u308b\u65b0\u682a1,071,900\u682a\u3092\u7e54\u308a\u8fbc\u3093\u3067\u3044\u308b\u306e\u304b\u3069\u3046\u304b\u304c\u77ed\u4fe1\u304b\u3089\u306f\u8aad\u307f\u53d6\u308c\u307e\u305b\u3093\u3002\u73fe\u5728\u306e\u767a\u884c\u6e08\u682a\u5f0f\u657014,175,300\u682a\u3067\u5358\u7d14\u306b\u5272\u308b\u3068\u3001<\/p>\n\n\n\n<pre class=\"wp-block-code\"><code>241,000\u5343\u5186 \u00f7 14,175,300\u682a \uff1d 17.00\u5186\n293,000\u5343\u5186 \u00f7 14,175,300\u682a \uff1d 20.67\u5186<\/code><\/pre>\n\n\n\n<p class=\"wp-block-paragraph\">\u3068\u3001\u958b\u793a\u3055\u308c\u305f\u30ec\u30f3\u30b8\u306b\u3074\u3063\u305f\u308a\u4e00\u81f4\u3057\u307e\u3059\u3002<strong>\u3057\u305f\u304c\u3063\u3066\u4e88\u60f3EPS\u306f\u5897\u8cc7\u524d\u306e\u682a\u5f0f\u6570\u30d9\u30fc\u30b9\u3067\u3042\u308a\u3001\u65b0\u682a\u767a\u884c\u5f8c\u306e\u671f\u4e2d\u5e73\u5747\u682a\u5f0f\u6570\u3067\u8a08\u7b97\u3059\u308b\u3068\u3001\u3053\u306e\u6570\u5b57\u3088\u308a\u4e0b\u304c\u308b\u53ef\u80fd\u6027\u304c\u9ad8\u3044<\/strong>\u3068\u8003\u3048\u3089\u308c\u307e\u3059\uff08\u7b46\u8005\u306e\u8a08\u7b97\u3002\u4f1a\u793e\u304c\u524d\u63d0\u3092\u660e\u793a\u3057\u3066\u3044\u308b\u308f\u3051\u3067\u306f\u3042\u308a\u307e\u305b\u3093\uff09\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u4e2d\u671f\u7d4c\u55b6\u8a08\u753b2030\u306b\u5fc5\u8981\u306a\u6210\u9577\u7387<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u6c7a\u7b97\u3068\u540c\u65e5\u306b\u516c\u8868\u3055\u308c\u305f\u300c\u4e2d\u671f\u7d4c\u55b6\u8a08\u753b2030\uff082027\u5e747\u6708\u671f\uff5e2030\u5e747\u6708\u671f\uff09\u300d\u306e\u6570\u5024\u76ee\u6a19\u306f\u3001<strong>2030\u5e747\u6708\u671f\u306b\u58f2\u4e0a\u53ce\u76ca80\u5104\u5186\u3001\u55b6\u696d\u5229\u76ca16\u5104\u5186\u3001\u55b6\u696d\u5229\u76ca\u738720%\u8d85<\/strong>\u3067\u3059\u3002\u8aac\u660e\u8cc7\u6599\u3067\u306f\u8d77\u70b9\u3092\u300cFY2026 \u58f2\u4e0a48\u5104\u5186\u30fb\u55b6\u696d\u5229\u76ca4\u5104\u5186\u30fb\u55b6\u696d\u5229\u76ca\u73878.4%\u300d\u3068\u3057\u3066\u304a\u308a\u3001\u3053\u306e\u55b6\u696d\u5229\u76ca4\u5104\u5186\u306f\u8abf\u6574\u5f8c\u30d9\u30fc\u30b9\u3067\u3042\u308b\u65e8\u304c\u6ce8\u8a18\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3053\u3053\u304b\u3089\u9006\u7b97\u3059\u308b\u3068\u3001\u5fc5\u8981\u306a\u5e74\u7387\u6210\u9577\u7387\u306f\u3053\u3046\u306a\u308a\u307e\u3059\uff08\u7b46\u8005\u306e\u8a66\u7b97\uff09\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\u6307\u6a19<\/th><th>\u8d77\u70b9<\/th><th>2030\u5e747\u6708\u671f\u76ee\u6a19<\/th><th>\u5fc5\u8981\u306a\u5e74\u7387\u6210\u9577\u7387<\/th><\/tr><\/thead><tbody><tr><td>\u58f2\u4e0a\u53ce\u76ca\uff08\u5b9f\u7e3e48.0\u5104\u5186\u8d77\u70b9\u30fb4\u5e74\uff09<\/td><td>4,800\u767e\u4e07\u5186<\/td><td>8,000\u767e\u4e07\u5186<\/td><td>13.6%<\/td><\/tr><tr><td>\u58f2\u4e0a\u53ce\u76ca\uff08\u7d99\u7d9a\u4e8b\u696d37.3\u5104\u5186\u8d77\u70b9\u30fb4\u5e74\uff09<\/td><td>3,728\u767e\u4e07\u5186<\/td><td>8,000\u767e\u4e07\u5186<\/td><td>21.0%<\/td><\/tr><tr><td>\u55b6\u696d\u5229\u76ca\uff08\u8abf\u6574\u5f8c4.03\u5104\u5186\u8d77\u70b9\u30fb4\u5e74\uff09<\/td><td>403\u767e\u4e07\u5186<\/td><td>1,600\u767e\u4e07\u5186<\/td><td>41.2%<\/td><\/tr><tr><td>\u55b6\u696d\u5229\u76ca\uff082027\u5e747\u6708\u671f\u4e88\u60f3\u306e\u4e2d\u592e\u5024\u8d77\u70b9\u30fb3\u5e74\uff09<\/td><td>440\u767e\u4e07\u5186<\/td><td>1,600\u767e\u4e07\u5186<\/td><td>53.8%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u58f2\u4e0a\u306e13.6%\u306f\u3001\u76f4\u8fd1\u306e\u30de\u30f3\u30ac\uff0813.9%\u5897\uff09\u30fb\u5236\u4f5c\uff0816.3%\u5897\uff09\u306e\u4f38\u3073\u3068\u540c\u3058\u6c34\u6e96\u3067\u3059\u3002<\/strong> \u305d\u3053\u306f\u624b\u304c\u5c4a\u304f\u7bc4\u56f2\u306b\u898b\u3048\u307e\u3059\u3002\u4e00\u65b9\u3067<strong>\u55b6\u696d\u5229\u76ca\u306e\u5e74\u738741%\u306f\u3001\u76f4\u8fd1\u306e\u5b9f\u7e3e\uff08\u8abf\u6574\u5f8c\u306742.8%\u5897\uff09\u30924\u5e74\u7d9a\u3051\u308b\u5fc5\u8981\u304c\u3042\u308b\u3068\u3044\u3046\u3053\u3068<\/strong>\u3067\u3001\u3053\u3061\u3089\u306f\u76f8\u5f53\u306b\u5f37\u3044\u524d\u63d0\u3067\u3059\u3002\u3057\u304b\u3082\u7d99\u7d9a\u4e8b\u696d\u30d9\u30fc\u30b9\u3092\u8d77\u70b9\u306b\u7f6e\u304f\u3068\u3001\u58f2\u4e0a\u306e\u307b\u3046\u3082\u5e74\u738721%\u304c\u5fc5\u8981\u306b\u306a\u308b\u3002\u4e2d\u8a08\u3092\u8a55\u4fa1\u3059\u308b\u3068\u304d\u306f\u3001<strong>\u3069\u306e\u6570\u5b57\u3092\u8d77\u70b9\u306b\u3057\u305f\u5e74\u7387\u306a\u306e\u304b\u3092\u81ea\u5206\u3067\u7f6e\u304d\u76f4\u3057\u3066\u307f\u308b<\/strong>\u306e\u304c\u3001\u3044\u3061\u3070\u3093\u8aa4\u89e3\u304c\u5c11\u306a\u3044\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">2027\u5e747\u6708\u671f\u304b\u3089\u306f\u4e8b\u696d\u533a\u5206\u3082\u300cMANGA PLATFORM\uff08\u56fd\u5185\u30fb\u6d77\u5916\u30de\u30f3\u30ac\u30b5\u30fc\u30d3\u30b9\uff09\u300d\u300cCONTENT SOLUTION\uff08IP\u65b0\u9818\u57df\u30fb\u30b7\u30b9\u30c6\u30e0\u958b\u767a\uff09\u300d\u300cLIFE STYLE\uff08\u81ea\u793e\u30d7\u30ed\u30c0\u30af\u30c8\u30fb\u8aad\u307f\u653e\u984c\u30b5\u30fc\u30d3\u30b9\uff09\u300d\u306e3\u533a\u5206\u306b\u518d\u7de8\u3055\u308c\u307e\u3059\u3002\u8aac\u660e\u8cc7\u6599\u306b\u8f09\u3063\u3066\u3044\u308b\u65b0\u533a\u5206\u30d9\u30fc\u30b9\u306e\u58f2\u4e0a\u306f\u6b21\u306e\u3068\u304a\u308a\u3067\u3059\uff08\u30b0\u30e9\u30d5\u304b\u3089\u306e\u8aad\u307f\u53d6\u308a\uff09\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\u65b0\u533a\u5206<\/th><th>2026\u5e747\u6708\u671f<\/th><th>2027\u5e747\u6708\u671f\u4e88\u7b97<\/th><\/tr><\/thead><tbody><tr><td>MANGA PLATFORM<\/td><td>16.1\u5104\u5186<\/td><td>18.8\u5104\u5186<\/td><\/tr><tr><td>CONTENT SOLUTION<\/td><td>6.6\u5104\u5186<\/td><td>8.3\u5104\u5186<\/td><\/tr><tr><td>LIFE STYLE<\/td><td>14.3\u5104\u5186<\/td><td>13.9\u5104\u5186<\/td><\/tr><tr><td>\u5408\u8a08<\/td><td>37.0\u5104\u5186<\/td><td>41.0\u5104\u5186<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u6ce8\u610f\u3059\u3079\u304d\u306f\u3001\u3053\u306e\u65b0\u533a\u5206\u306e\u6570\u5b57\u306f\u5f93\u6765\u306e\u4e8b\u696d\u533a\u5206\u3068\u307e\u3063\u305f\u304f\u6bd4\u3079\u3089\u308c\u306a\u3044\u3053\u3068\u3067\u3059\u3002<\/strong> \u5f93\u6765\u533a\u5206\u306e\u300c\u30de\u30f3\u30ac\u30b5\u30fc\u30d3\u30b9\u4e8b\u696d\u300d\u306f2026\u5e747\u6708\u671f\u306b28.1\u5104\u5186\u3042\u308a\u307e\u3057\u305f\u304c\u3001\u65b0\u533a\u5206\u306e\u300cMANGA PLATFORM\u300d\u306f16.1\u5104\u5186\u3002\u30d3\u30e5\u30fc\u30f3\u306e\u8aad\u307f\u653e\u984c\u306a\u3069\u304c\u300cLIFE STYLE\u300d\u3078\u79fb\u3063\u305f\u305f\u3081\u3068\u8003\u3048\u3089\u308c\u307e\u3059\uff08\u4f1a\u793e\u306f\u5bfe\u5fdc\u95a2\u4fc2\u3092\u660e\u793a\u3057\u3066\u3044\u306a\u3044\u305f\u3081\u3001\u3053\u3053\u306f\u7b46\u8005\u306e\u63a8\u6e2c\u3067\u3059\uff09\u3002\u6765\u671f\u4ee5\u964d\u306e\u6c7a\u7b97\u3067\u300c\u30de\u30f3\u30ac\u304c\u6e1b\u3063\u305f\u300d\u3068\u8aad\u307f\u9055\u3048\u306a\u3044\u3088\u3046\u306b\u3001\u533a\u5206\u304c\u5909\u308f\u3063\u305f\u5e74\u3067\u3042\u308b\u3053\u3068\u3092\u899a\u3048\u3066\u304a\u304f\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">7. \u8cc7\u672c\u653f\u7b56\u3068\u682a\u4e3b\u9084\u5143<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">\u3053\u306e\u4f1a\u793e\u306f<strong>\u914d\u5f53\u3082\u682a\u4e3b\u512a\u5f85\u3082\u51fa\u3057\u3066\u3044\u307e\u305b\u3093<\/strong>\u3002\u3067\u3059\u304b\u3089\u672c\u6765\u306a\u3089\u300c\u682a\u4e3b\u9084\u5143\u300d\u306e\u9805\u76ee\u306f\u6570\u884c\u3067\u7d42\u308f\u308b\u306e\u3067\u3059\u304c\u3001\u4eca\u671f\u306b\u9650\u3063\u3066\u306f\u3001\u8cc7\u672c\u653f\u7b56\u306e\u307b\u3046\u304c\u6c7a\u7b97\u3088\u308a\u3082\u5927\u304d\u306a\u51fa\u6765\u4e8b\u306b\u306a\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">7-1. \u914d\u5f53\u3068\u512a\u5f85\u306e\u73fe\u72b6<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u914d\u5f53<\/strong>\uff1a2025\u5e747\u6708\u671f\u30fb2026\u5e747\u6708\u671f\u3068\u3082\u5e74\u95930\u5186\u30022027\u5e747\u6708\u671f\u306e\u4e88\u60f3\u30820\u5186\u3002\u4f1a\u793eIR\u306e\u300c\u682a\u4e3b\u9084\u5143\u306b\u95a2\u3059\u308b\u57fa\u672c\u65b9\u91dd\u300d\u306b\u306f\u3001\u5229\u76ca\u9084\u5143\u3092\u91cd\u8981\u306a\u7d4c\u55b6\u8ab2\u984c\u3068\u3057\u3064\u3064\u300c<strong>\u5f53\u9762\u306f\u5b9f\u65bd\u3059\u308b\u898b\u8fbc\u307f\u306f\u306a\u304f\u3001\u5f53\u8a72\u65b9\u91dd\u304c\u6295\u8cc7\u5bb6\u306e\u652f\u6301\u3092\u5f97\u3089\u308c\u306a\u304b\u3063\u305f\u5834\u5408\u3001\u5f53\u793e\u682a\u4fa1\u306e\u5f62\u6210\u306b\u5f71\u97ff\u3092\u53ca\u307c\u3059\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059<\/strong>\u300d\u3068\u660e\u8a18\u3055\u308c\u3066\u3044\u307e\u3059\u3002\u65b9\u91dd\u3068\u3057\u3066\u7121\u914d\u3092\u9078\u3093\u3067\u3044\u308b\u3053\u3068\u3092\u3001\u4f1a\u793e\u81ea\u8eab\u304c\u8a00\u8449\u306b\u3057\u3066\u3044\u308b\u5f62\u3067\u3059\u3002<\/li>\n\n\n\n<li><strong>\u682a\u4e3b\u512a\u5f85<\/strong>\uff1a\u4f1a\u793eIR\u306eFAQ\u306b\u300cQ6. \u682a\u4e3b\u512a\u5f85\u5236\u5ea6\u306f\u3042\u308a\u307e\u3059\u304b\uff1f\u300d\u2192\u300c<strong>\u73fe\u5728\u3054\u7528\u610f\u306f\u3054\u3056\u3044\u307e\u305b\u3093<\/strong>\u300d\u3002\u3053\u308c\u306f\u300c\u63a2\u3057\u305f\u304c\u898b\u3064\u304b\u3089\u306a\u304b\u3063\u305f\u300d\u3067\u306f\u306a\u304f\u3001\u4f1a\u793e\u304c\u660e\u8a00\u3057\u3066\u3044\u308b\u4e00\u6b21\u60c5\u5831\u3067\u3059\u3002<\/li>\n\n\n\n<li><strong>\u57fa\u6e96\u65e5<\/strong>\uff1a\u4f1a\u793eIR\u306eFAQ\u306b\u3088\u308b\u3068\u3001\u671f\u672b\u914d\u5f53\u91d1\u306e\u682a\u4e3b\u78ba\u5b9a\u65e5\u306f7\u6708\u672b\u65e5\u3001\u4e2d\u9593\u914d\u5f53\u3092\u884c\u3046\u3068\u304d\u306e\u682a\u4e3b\u78ba\u5b9a\u65e5\u306f1\u6708\u672b\u65e5\u3002\u305f\u3060\u3057\u5b9f\u969b\u306b\u306f\u914d\u5f53\u3092\u5b9f\u65bd\u3057\u3066\u3044\u306a\u3044\u305f\u3081\u3001<strong>\u5236\u5ea6\u3068\u3057\u3066\u57fa\u6e96\u65e5\u304c\u5b9a\u3081\u3089\u308c\u3066\u3044\u308b\u3060\u3051<\/strong>\u3068\u3044\u3046\u72b6\u614b\u3067\u3059\u3002<\/li>\n\n\n\n<li><strong>\u6a29\u5229\u4ed8\u304d\u6700\u7d42\u65e5<\/strong>\uff1a\u7121\u914d\u306e\u305f\u3081\u30017\u670831\u65e5\u306e\u57fa\u6e96\u65e5\u3067\u5f97\u3089\u308c\u308b\u306e\u306f\u5b9a\u6642\u682a\u4e3b\u7dcf\u4f1a\u306e\u8b70\u6c7a\u6a29\u3060\u3051\u3067\u3059\u3002\u56fd\u5185\u682a\u5f0f\u306e\u6c7a\u6e08\u306fT+2\u306a\u306e\u3067\u3001\u6a29\u5229\u4ed8\u304d\u6700\u7d42\u65e5\u306f\u57fa\u6e96\u65e5\u306e2\u55b6\u696d\u65e5\u524d\u30022026\u5e747\u670831\u65e5\u306f\u91d1\u66dc\u65e5\u3060\u3063\u305f\u305f\u3081\u3001\u9006\u7b97\u3059\u308b\u3068**2026\u5e747\u670829\u65e5\uff08\u6c34\uff09**\u3067\u3057\u305f\uff08\u7b46\u8005\u306e\u8a08\u7b97\u3002\u53d6\u5f15\u6240\u306e\u4f11\u696d\u65e5\u6b21\u7b2c\u3067\u524d\u5f8c\u3057\u307e\u3059\uff09\u3002<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">7-2. \u30af\u30e9\u30f3\u30c1\u30ed\u30fc\u30eb\u3078\u306e\u7b2c\u4e09\u8005\u5272\u5f53\uff082026\u5e749\u670814\u65e5\u6c7a\u8b70\uff09<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u6c7a\u7b97\u3068\u540c\u3058\u65e5\u306b\u3001\u8cc7\u672c\u63d0\u643a\u304c\u6c7a\u8b70\u3055\u308c\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\u9805\u76ee<\/th><th>\u5185\u5bb9<\/th><\/tr><\/thead><tbody><tr><td>\u5272\u5f53\u4e88\u5b9a\u5148<\/td><td>\u30af\u30e9\u30f3\u30c1\u30ed\u30fc\u30eb\u682a\u5f0f\u4f1a\u793e\uff08\u89aa\u4f1a\u793e\uff1aCrunchyroll, LLC\u3001\u6301\u682a\u6bd4\u7387100%\uff09<\/td><\/tr><tr><td>\u767a\u884c\u65b0\u682a\u5f0f\u6570<\/td><td>1,071,900\u682a<\/td><\/tr><tr><td>\u767a\u884c\u4fa1\u984d<\/td><td>1\u682a856\u5186<\/td><\/tr><tr><td>\u6255\u8fbc\u91d1\u984d\u306e\u7dcf\u984d<\/td><td>917,546,400\u5186<\/td><\/tr><tr><td>\u5dee\u5f15\u624b\u53d6\u6982\u7b97\u984d<\/td><td>912,546,400\u5186<\/td><\/tr><tr><td>\u5897\u52a0\u3059\u308b\u8cc7\u672c\u91d1\uff0f\u8cc7\u672c\u6e96\u5099\u91d1<\/td><td>\u5404458,773,200\u5186<\/td><\/tr><tr><td>\u6255\u8fbc\u671f\u65e5<\/td><td>2026\u5e749\u670830\u65e5\uff5e2026\u5e7411\u670830\u65e5\uff08\u4e88\u5b9a\uff09<\/td><\/tr><tr><td>\u6761\u4ef6<\/td><td>\u6709\u4fa1\u8a3c\u5238\u5c4a\u51fa\u66f8\u306e\u52b9\u529b\u767a\u751f\u3001\u304a\u3088\u3073\u5916\u70ba\u6cd5\u306b\u57fa\u3065\u304f\u5bfe\u5185\u76f4\u63a5\u6295\u8cc7\u7b49\u306e\u4e8b\u524d\u5c4a\u51fa\u624b\u7d9a\u306e\u5b8c\u4e86<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u4fa1\u683c\u306e\u6c7a\u3081\u65b9<\/strong>\uff1a\u53d6\u7de0\u5f79\u4f1a\u6c7a\u8b70\u65e5\uff089\u670814\u65e5\uff09\u306e\u76f4\u524d\u55b6\u696d\u65e5\u3067\u3042\u308b9\u670811\u65e5\u306e\u7d42\u5024920\u5186\u306b0.93\u3092\u4e57\u3058\u30011\u5186\u672a\u6e80\u3092\u5207\u308a\u4e0a\u3052\u3066856\u5186\u3002\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\u7387\u306f**6.96%**\u3067\u3001\u65e5\u672c\u8a3c\u5238\u696d\u5354\u4f1a\u306e\u6307\u91dd\u304c\u5b9a\u3081\u308b10%\u4ee5\u5185\u306b\u53ce\u307e\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u5e0c\u8584\u5316<\/strong>\uff1a1,071,900\u682a\u306f\u5c4a\u51fa\u66f8\u63d0\u51fa\u65e5\u73fe\u5728\u306e\u767a\u884c\u6e08\u682a\u5f0f\u7dcf\u657014,176,500\u682a\u306b\u5bfe\u3057\u3066<strong>7.56%<\/strong>\uff08\u8b70\u6c7a\u6a29\u30d9\u30fc\u30b9\u3067\u306f7.57%\uff09\u3002\u767a\u884c\u5f8c\u306e\u682a\u5f0f\u6570\u306f15,247,200\u682a\u306b\u306a\u308a\u307e\u3059\u3002\u6771\u8a3c\u306e\u4f01\u696d\u884c\u52d5\u898f\u7bc4\u4e0a\u3001\u5e0c\u8584\u5316\u738725%\u672a\u6e80\u304b\u3064\u652f\u914d\u682a\u4e3b\u306e\u7570\u52d5\u3092\u4f34\u308f\u306a\u3044\u305f\u3081\u3001\u7b2c\u4e09\u8005\u304b\u3089\u306e\u610f\u898b\u5165\u624b\u3084\u682a\u4e3b\u306e\u610f\u601d\u78ba\u8a8d\u624b\u7d9a\u304d\u306f\u4e0d\u8981\u3068\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u8cc7\u91d1\u4f7f\u9014<\/strong>\uff08913\u767e\u4e07\u5186\uff09\uff1a\u6d77\u5916\u30de\u30f3\u30ac\u914d\u4fe1\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u4e8b\u696d\u306e\u62e1\u5927365\u767e\u4e07\u5186\u3001\u6d77\u5916\u30c7\u30b8\u30bf\u30eb\u30de\u30f3\u30ac\u914d\u4fe1\u3092\u652f\u3048\u308b\u30ea\u30bd\u30fc\u30b9\u30fb\u80fd\u529b\u306e\u5f37\u5316290\u767e\u4e07\u5186\u3001IP\u95a2\u9023\u30b3\u30f3\u30c6\u30f3\u30c4\u30fb\u30b5\u30fc\u30d3\u30b9\u306e\u6d77\u5916\u5c55\u958b257\u767e\u4e07\u5186\u3002\u652f\u51fa\u4e88\u5b9a\u6642\u671f\u306f\u3044\u305a\u308c\u30822026\u5e7410\u6708\uff5e2030\u5e747\u6708\u3067\u3001<strong>\u4e2d\u671f\u7d4c\u55b6\u8a08\u753b\u306e\u671f\u9593\u3068\u3074\u3063\u305f\u308a\u91cd\u306a\u308a\u307e\u3059<\/strong>\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u682a\u4e3b\u69cb\u6210\u306e\u5909\u5316<\/strong>\uff08\u958b\u793a\u3088\u308a\u30012026\u5e747\u670831\u65e5\u6642\u70b9\u306e\u682a\u4e3b\u540d\u7c3f\u306b\u65b0\u682a\u3092\u52a0\u7b97\u3057\u305f\u4f1a\u793e\u306e\u6982\u7b97\uff09\uff1a<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\u682a\u4e3b<\/th><th>\u52df\u96c6\u524d<\/th><th>\u52df\u96c6\u5f8c<\/th><\/tr><\/thead><tbody><tr><td>\u677e\u539f \u88d5\u6a39\uff08\u4ee3\u8868\u53d6\u7de0\u5f79\u30b0\u30eb\u30fc\u30d7CEO\uff09<\/td><td>31.31%<\/td><td>29.11%<\/td><\/tr><tr><td>\u5c71\u7530 \u525b\u53f2<\/td><td>20.70%<\/td><td>19.24%<\/td><\/tr><tr><td>\u682a\u5f0f\u4f1a\u793e\u30a2\u30dd\u30ed\u30fb\u30ad\u30e3\u30d4\u30bf\u30eb<\/td><td>8.62%<\/td><td>8.01%<\/td><\/tr><tr><td>\u682a\u5f0f\u4f1a\u793e\u30e1\u30c7\u30a3\u30a2\u30b7\u30fc\u30af<\/td><td>7.86%<\/td><td>7.30%<\/td><\/tr><tr><td><strong>\u30af\u30e9\u30f3\u30c1\u30ed\u30fc\u30eb\u682a\u5f0f\u4f1a\u793e<\/strong><\/td><td>\uff0d<\/td><td><strong>7.03%<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\u5275\u696d\u7d4c\u55b6\u96632\u540d\u3067\u7d0448%\u3092\u63e1\u308b\u69cb\u9020\u306f\u5909\u308f\u308a\u307e\u305b\u3093\u3002\u30af\u30e9\u30f3\u30c1\u30ed\u30fc\u30eb\u306f\u4e00\u6c17\u306b\u7b2c5\u4f4d\u682a\u4e3b\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3053\u3053\u3067\u5192\u982d\u306e\u4f8b\u3048\u306b\u623b\u308a\u307e\u3059\u3002<strong>\u5009\u5eab\u3068\u914d\u9001\u3092\u9810\u304b\u308b\u4f1a\u793e\u306f\u3001\u68da\u306b\u4f55\u3092\u4e26\u3079\u308b\u304b\u3092\u81ea\u5206\u3067\u306f\u6c7a\u3081\u3089\u308c\u306a\u3044\u3002<\/strong> Link-U\u304c\u6d77\u5916\u3067\u58f2\u308b\u306b\u306f\u3001\u6d77\u5916\u306b\u68da\u3092\u6301\u3063\u3066\u3044\u308b\u76f8\u624b\u304c\u8981\u308b\u3002Crunchyroll, LLC\u306f2026\u5e745\u6708\u6642\u70b9\u3067\u6709\u6599\u4f1a\u54e1\u65702,100\u4e07\u4eba\u8d85\uff08\u958b\u793a\u3088\u308a\uff09\u306e\u30a2\u30cb\u30e1\u30d6\u30e9\u30f3\u30c9\u3067\u3059\u30022024\u5e749\u6708\u306eMOU\u30012025\u5e749\u6708\u306e\u5171\u540c\u958b\u767a\u5951\u7d04\u30012025\u5e7410\u6708\u306eCrunchyroll Manga\u63d0\u4f9b\u958b\u59cb\u3068\u6bb5\u968e\u3092\u8e0f\u3093\u3067\u304d\u3066\u3001\u4eca\u56de\u305d\u3053\u3078\u8cc7\u672c\u95a2\u4fc2\u3092\u8db3\u3057\u305f\u3002<strong>7%\u306e\u5e0c\u8584\u5316\u3068\u5f15\u304d\u63db\u3048\u306b\u3001\u68da\u3092\u6301\u3064\u76f8\u624b\u3068\u306e\u95a2\u4fc2\u3092\u56fa\u5b9a\u3057\u305f\u53d6\u5f15<\/strong>\u3001\u3068\u6574\u7406\u3059\u308b\u306e\u304c\u7d20\u76f4\u3060\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">7-3. \u30d7\u30e9\u30a4\u30e0\u5e02\u5834\u304b\u3089\u30b9\u30bf\u30f3\u30c0\u30fc\u30c9\u5e02\u5834\u3078\uff082026\u5e747\u67082\u65e5\uff09<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u4eca\u671f\u306e\u3082\u3046\u4e00\u3064\u306e\u5927\u304d\u306a\u51fa\u6765\u4e8b\u304c\u3001\u5e02\u5834\u533a\u5206\u306e\u5909\u66f4\u3067\u3059\u3002\u6642\u7cfb\u5217\u3067\u4e26\u3079\u307e\u3059\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\u6642\u671f<\/th><th>\u51fa\u6765\u4e8b<\/th><\/tr><\/thead><tbody><tr><td>2021\u5e7412\u670822\u65e5<\/td><td>\u30d7\u30e9\u30a4\u30e0\u5e02\u5834\u306e\u4e0a\u5834\u7dad\u6301\u57fa\u6e96\u9069\u5408\u306b\u5411\u3051\u305f\u8a08\u753b\u66f8\u3092\u63d0\u51fa<\/td><\/tr><tr><td>2022\u5e74\uff5e2026\u5e744\u6708<\/td><td>\u9069\u5408\u72b6\u6cc1\u306e\u958b\u793a\u3092\u8a087\u56de\u5b9f\u65bd<\/td><\/tr><tr><td>2026\u5e744\u67083\u65e5<\/td><td>1\u65e5\u5e73\u5747\u58f2\u8cb7\u4ee3\u91d1\u57fa\u6e96\u3078\u306e\u9069\u5408\u3092\u958b\u793a\u3002\u305f\u3060\u3057<strong>\u6d41\u901a\u682a\u5f0f\u6642\u4fa1\u7dcf\u984d\u57fa\u6e96\u306f\u4e0d\u9069\u5408\u304c\u7d99\u7d9a<\/strong><\/td><\/tr><tr><td>2026\u5e746\u670812\u65e5<\/td><td>\u30b9\u30bf\u30f3\u30c0\u30fc\u30c9\u5e02\u5834\u3078\u306e\u5e02\u5834\u533a\u5206\u5909\u66f4\u3092\u7533\u8acb<\/td><\/tr><tr><td>2026\u5e746\u670825\u65e5<\/td><td>\u6771\u8a3c\u304c\u5909\u66f4\u3092\u627f\u8a8d\u3002\u30d7\u30e9\u30a4\u30e0\u9069\u5408\u8a08\u753b\u306f\u64a4\u56de<\/td><\/tr><tr><td><strong>2026\u5e747\u67082\u65e5<\/strong><\/td><td><strong>\u6771\u8a3c\u30d7\u30e9\u30a4\u30e0\u5e02\u5834 \u2192 \u6771\u8a3c\u30b9\u30bf\u30f3\u30c0\u30fc\u30c9\u5e02\u5834\u3078\u5909\u66f4<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">2026\u5e744\u67083\u65e5\u306e\u958b\u793a\u306b\u306f\u3001\u9069\u5408\u72b6\u6cc1\u306e\u5b9f\u6570\u304c\u8f09\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\u57fa\u6e96<\/th><th>2024\u5e747\u6708\u672b<\/th><th>2025\u5e747\u6708\u672b<\/th><th>\u4e0a\u5834\u7dad\u6301\u57fa\u6e96<\/th><th>\u5224\u5b9a<\/th><\/tr><\/thead><tbody><tr><td>\u682a\u4e3b\u6570<\/td><td>3,599\u4eba<\/td><td>3,422\u4eba<\/td><td>800\u4eba<\/td><td>\u9069\u5408<\/td><\/tr><tr><td>\u6d41\u901a\u682a\u5f0f\u6570<\/td><td>49,554\u5358\u4f4d<\/td><td>53,500\u5358\u4f4d<\/td><td>20,000\u5358\u4f4d<\/td><td>\u9069\u5408<\/td><\/tr><tr><td><strong>\u6d41\u901a\u682a\u5f0f\u6642\u4fa1\u7dcf\u984d<\/strong><\/td><td><strong>30.0\u5104\u5186<\/strong><\/td><td><strong>19.2\u5104\u5186<\/strong><\/td><td><strong>100\u5104\u5186<\/strong><\/td><td><strong>\u4e0d\u9069\u5408<\/strong><\/td><\/tr><tr><td>\u6d41\u901a\u682a\u5f0f\u6bd4\u7387<\/td><td>34.9%<\/td><td>37.7%<\/td><td>35.0%<\/td><td>\u9069\u5408<\/td><\/tr><tr><td>1\u65e5\u5e73\u5747\u58f2\u8cb7\u4ee3\u91d1<\/td><td>0.13\u5104\u5186<\/td><td>5.25\u5104\u5186<\/td><td>0.2\u5104\u5186<\/td><td>\u9069\u5408<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\u540c\u3058\u958b\u793a\u306b\u3001<strong>\u6539\u5584\u671f\u9593\u5185\u306b\u9069\u5408\u304c\u78ba\u8a8d\u3067\u304d\u306a\u3051\u308c\u3070\u76e3\u7406\u9298\u67c4\u306b\u6307\u5b9a\u3055\u308c\u3001\u305d\u306e\u5f8c\u306e\u5be9\u67fb\u6b21\u7b2c\u3067\u306f2027\u5e742\u67081\u65e5\u306b\u4e0a\u5834\u5ec3\u6b62\u3068\u306a\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b<\/strong>\u3068\u66f8\u304b\u308c\u3066\u3044\u307e\u3059\u3002\u6d41\u901a\u682a\u5f0f\u6642\u4fa1\u7dcf\u984d100\u5104\u5186\u3068\u3044\u3046\u57fa\u6e96\u306b\u5bfe\u3057\u306619.2\u5104\u5186\u3068\u3044\u3046\u8ddd\u96e2\u306f\u3001\u4e8b\u696d\u306e\u6210\u9577\u3067\u57cb\u3081\u3089\u308c\u308b\u5e45\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3067\u3057\u305f\u3002\u30b9\u30bf\u30f3\u30c0\u30fc\u30c9\u3078\u306e\u5909\u66f4\u306f\u3001\u3053\u306e\u671f\u9650\u306b\u5bfe\u3059\u308b\u73fe\u5b9f\u7684\u306a\u7b54\u3048\u3060\u3063\u305f\u3068\u8aad\u3081\u307e\u3059\u3002\u4f1a\u793e\u306f6\u670825\u65e5\u306e\u958b\u793a\u3067\u300c\u4e2d\u9577\u671f\u7684\u306a\u30d7\u30e9\u30a4\u30e0\u5e02\u5834\u3078\u306e\u518d\u9069\u5408\u3092\u76ee\u6307\u3057\u3066\u307e\u3044\u308a\u307e\u3059\u300d\u3068\u3082\u66f8\u3044\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\"><strong>\u7528\u8a9e\u30e1\u30e2\uff1a\u6d41\u901a\u682a\u5f0f\u3068\u306f<\/strong> \u6771\u8a3c\u306e\u4e0a\u5834\u7dad\u6301\u57fa\u6e96\u3067\u3044\u3046\u300c\u6d41\u901a\u682a\u5f0f\u300d\u306f\u3001\u767a\u884c\u6e08\u682a\u5f0f\u304b\u3089\u300110%\u4ee5\u4e0a\u3092\u6301\u3064\u5927\u682a\u4e3b\u3001\u5f79\u54e1\u3001\u81ea\u5df1\u682a\u5f0f\u3001\u305d\u3057\u3066<strong>\u56fd\u5185\u306e\u9280\u884c\u30fb\u4fdd\u967a\u4f1a\u793e\u30fb\u4e8b\u696d\u6cd5\u4eba\u7b49\u304c\u4fdd\u6709\u3059\u308b\u682a\u5f0f<\/strong>\u306a\u3069\u3092\u9664\u3044\u305f\u3082\u306e\u3067\u3059\u3002\u5e02\u5834\u3067\u5b9f\u969b\u306b\u58f2\u308a\u8cb7\u3044\u3055\u308c\u3046\u308b\u682a\u5f0f\u3060\u3051\u3092\u6570\u3048\u3088\u3046\u3001\u3068\u3044\u3046\u8003\u3048\u65b9\u306b\u3088\u308a\u307e\u3059\u3002<\/p>\n<\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\">\u3053\u3053\u304c\u3001\u4eca\u56de\u306e\u7b2c\u4e09\u8005\u5272\u5f53\u3068\u4ea4\u5dee\u3057\u307e\u3059\u3002<strong>\u30af\u30e9\u30f3\u30c1\u30ed\u30fc\u30eb\u682a\u5f0f\u4f1a\u793e\u306f\u4e8b\u696d\u6cd5\u4eba\u3067\u3059\u3002<\/strong> \u6771\u8a3c\u306e\u5b9a\u7fa9\u306b\u6cbf\u3063\u3066\u8003\u3048\u308b\u3068\u3001\u540c\u793e\u304c\u53d6\u5f97\u3059\u308b7.03%\u306f\u6d41\u901a\u682a\u5f0f\u304b\u3089\u9664\u5916\u3055\u308c\u308b\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u3002\u305d\u3046\u306a\u308b\u3068\u3001\u5897\u8cc7\u306b\u3088\u3063\u3066\u767a\u884c\u6e08\u682a\u5f0f\u6570\u306f7.56%\u5897\u3048\u308b\u306e\u306b\u3001\u6d41\u901a\u682a\u5f0f\u306e\u6570\u306f\u5897\u3048\u305a\u3001<strong>\u6d41\u901a\u682a\u5f0f\u6bd4\u7387\u306f\u4e0b\u304c\u308b<\/strong>\u3068\u3044\u3046\u8a08\u7b97\u306b\u306a\u308a\u307e\u3059\u30022025\u5e747\u6708\u672b\u306e\u6d41\u901a\u682a\u5f0f\u6bd4\u7387\u306f37.7%\u3067\u3001\u57fa\u6e96\u306e35.0%\u307e\u30672.7pt\u3057\u304b\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u305f\u3060\u3057\u3053\u308c\u306f<strong>\u4f1a\u793e\u304c\u958b\u793a\u3057\u3066\u3044\u306a\u3044\u4e8b\u9805\u306b\u3064\u3044\u3066\u306e\u7b46\u8005\u306e\u63a8\u6e2c<\/strong>\u3067\u3059\u3002\u4fdd\u6709\u76ee\u7684\u304c\u7d14\u6295\u8cc7\u3068\u8a8d\u3081\u3089\u308c\u308b\u5834\u5408\u306a\u3069\u3001\u6271\u3044\u304c\u5909\u308f\u308b\u4f59\u5730\u3082\u3042\u308a\u307e\u3059\u3002<strong>\u6b21\u306b\u6771\u8a3c\u3078\u63d0\u51fa\u3055\u308c\u308b\u5206\u5e03\u72b6\u6cc1\u8868\u3068\u3001\u4f1a\u793e\u306e\u30b3\u30fc\u30dd\u30ec\u30fc\u30c8\u30fb\u30ac\u30d0\u30ca\u30f3\u30b9\u5831\u544a\u66f8\u3067\u78ba\u8a8d\u3059\u3079\u304d\u300c\u8981\u78ba\u8a8d\u7b87\u6240\u300d\u306e\u7b46\u982d<\/strong>\u3068\u3057\u3066\u6319\u3052\u3066\u304a\u304d\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">7-4. \u682a\u6570\u3068\u6f5c\u5728\u682a\u5f0f<\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\u9805\u76ee<\/th><th>\u682a\u6570<\/th><th>\u767a\u884c\u6e08\u306b\u5bfe\u3059\u308b\u6bd4\u7387<\/th><\/tr><\/thead><tbody><tr><td>\u671f\u672b\u767a\u884c\u6e08\u682a\u5f0f\u6570\uff082026\u5e747\u670831\u65e5\uff09<\/td><td>14,175,300\u682a<\/td><td>100.00%<\/td><\/tr><tr><td>\u671f\u672b\u81ea\u5df1\u682a\u5f0f\u6570<\/td><td>68\u682a<\/td><td>\u307b\u307c\u30bc\u30ed<\/td><\/tr><tr><td>\u6f5c\u5728\u682a\u5f0f\u6570\uff08\u30b9\u30c8\u30c3\u30af\u30fb\u30aa\u30d7\u30b7\u30e7\u30f3\uff09<\/td><td>65,100\u682a<\/td><td>0.46%<\/td><\/tr><tr><td>\u7b2c\u4e09\u8005\u5272\u5f53\u306b\u3088\u308b\u65b0\u682a<\/td><td>1,071,900\u682a<\/td><td>7.56%<\/td><\/tr><tr><td>\u767a\u884c\u5f8c\uff08\u6f5c\u5728\u682a\u5f0f\u542b\u3080\uff09<\/td><td>15,312,300\u682a<\/td><td>108.02%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\u524d\u671f\u304b\u3089\u306e\u682a\u6570\u306e\u5897\u52a0\u306f\u308f\u305a\u304b2,400\u682a\uff08\u65b0\u682a\u4e88\u7d04\u6a29\u306e\u884c\u4f7f\u5206\uff09\u3067\u3001<strong>\u4eca\u671f\u306e1\u682a\u5f53\u305f\u308a\u5229\u76ca\u306e\u60aa\u5316\u306f\u5e0c\u8584\u5316\u306b\u3088\u308b\u3082\u306e\u3067\u306f\u3042\u308a\u307e\u305b\u3093<\/strong>\u3002EPS\u304c10.44\u5186\u304b\u3089\u25b339.14\u5186\u306b\u306a\u3063\u305f\u306e\u306f\u3001\u7d14\u7c8b\u306b\u5206\u5b50\uff08\u5229\u76ca\uff09\u304c\u52d5\u3044\u305f\u304b\u3089\u3067\u3059\u3002\u3053\u306e\u70b9\u306f\u5f0f\u3067\u78ba\u8a8d\u3067\u304d\u307e\u3059\u3002<\/p>\n\n\n\n<pre class=\"wp-block-code\"><code>\u524d\u671f\uff1a147,986\u5343\u5186 \u00f7 14,172,832\u682a \uff1d 10.44\u5186  \u2192 \u77ed\u4fe1\u3068\u4e00\u81f4\n\u5f53\u671f\uff1a\u25b3554,815\u5343\u5186 \u00f7 14,173,631\u682a \uff1d \u25b339.14\u5186 \u2192 \u77ed\u4fe1\u3068\u4e00\u81f4<\/code><\/pre>\n\n\n\n<p class=\"wp-block-paragraph\">\u306a\u304a\u77ed\u4fe1\u306e1\u682a\u5f53\u305f\u308a\u60c5\u5831\u306b\u306f\u3001\u7b2c2\u56de\u65b0\u682a\u4e88\u7d04\u6a29\uff081,085\u500b\u30fb65,100\u682a\uff09\u304c<strong>\u9006\u5e0c\u8584\u5316\u52b9\u679c\u3092\u6709\u3059\u308b\u305f\u3081\u5e0c\u8584\u5316\u5f8cEPS\u306e\u7b97\u5b9a\u306b\u542b\u3081\u3066\u3044\u306a\u3044<\/strong>\u65e8\u306e\u6ce8\u8a18\u304c\u3042\u308a\u307e\u3059\u3002\u640d\u5931\u306e\u671f\u306b\u306f\u6f5c\u5728\u682a\u5f0f\u3092\u52a0\u3048\u308b\u30681\u682a\u5f53\u305f\u308a\u640d\u5931\u304c\u5c0f\u3055\u304f\u898b\u3048\u3066\u3057\u307e\u3046\u305f\u3081\u3001\u542b\u3081\u306a\u3044\u3068\u3044\u3046\u51e6\u7406\u3067\u3059\u3002\u6765\u671f\u306b\u9ed2\u5b57\u5316\u3059\u308c\u3070\u3001\u3053\u306e65,100\u682a\u306f\u5e0c\u8584\u5316\u5f8cEPS\u306b\u52b9\u3044\u3066\u304d\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">7-5. \u501f\u5165\u3068\u624b\u5143\u8cc7\u91d1<\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\u9805\u76ee<\/th><th>2026\u5e747\u6708\u672b<\/th><th>2025\u5e747\u6708\u672b<\/th><\/tr><\/thead><tbody><tr><td>\u73fe\u91d1\u53ca\u3073\u73fe\u91d1\u540c\u7b49\u7269<\/td><td>953,507\u5343\u5186<\/td><td>1,654,662\u5343\u5186<\/td><\/tr><tr><td>\u501f\u5165\u91d1\uff08\u6d41\u52d5\uff09<\/td><td>331,980\u5343\u5186<\/td><td>839,607\u5343\u5186<\/td><\/tr><tr><td>\u501f\u5165\u91d1\uff08\u975e\u6d41\u52d5\uff09<\/td><td>974,391\u5343\u5186<\/td><td>815,204\u5343\u5186<\/td><\/tr><tr><td>\u501f\u5165\u91d1\u5408\u8a08<\/td><td>1,306,371\u5343\u5186<\/td><td>1,654,811\u5343\u5186<\/td><\/tr><tr><td>\u30cd\u30c3\u30c8\u30ad\u30e3\u30c3\u30b7\u30e5\uff08\u73fe\u91d1\uff0d\u501f\u5165\u91d1\uff09<\/td><td><strong>\u25b3352,864\u5343\u5186<\/strong><\/td><td><strong>\u25b3149\u5343\u5186<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\u671f\u4e2d\u306b\u9577\u671f\u501f\u5165662\u767e\u4e07\u5186\u3092\u5b9f\u884c\u3057\u3001925\u767e\u4e07\u5186\u3092\u8fd4\u6e08\u3057\u3066\u3044\u307e\u3059\uff08\u30ad\u30e3\u30c3\u30b7\u30e5\u30fb\u30d5\u30ed\u30fc\u8a08\u7b97\u66f8\u3088\u308a\uff09\u3002\u77ed\u671f\u306e\u501f\u5165\u3092\u9577\u671f\u306b\u7d44\u307f\u66ff\u3048\u3064\u3064\u3001\u5168\u4f53\u3067\u306f348\u767e\u4e07\u5186\u5727\u7e2e\u3057\u305f\u5f62\u3067\u3059\u3002\u4e00\u65b9\u3067\u624b\u5143\u73fe\u91d1\u304c701\u767e\u4e07\u5186\u6e1b\u3063\u305f\u305f\u3081\u3001<strong>\u30cd\u30c3\u30c8\u30ad\u30e3\u30c3\u30b7\u30e5\u306f\u5b9f\u8cea\u30bc\u30ed\u304b\u3089\u25b3353\u767e\u4e07\u5186\u3078\u632f\u308c\u307e\u3057\u305f<\/strong>\u3002\u3053\u3053\u306b\u7b2c\u4e09\u8005\u5272\u5f53\u306e913\u767e\u4e07\u5186\u304c\u5165\u308c\u3070\u3001\u30cd\u30c3\u30c8\u30ad\u30e3\u30c3\u30b7\u30e5\u306f\u518d\u3073\u30d7\u30e9\u30b9\u306b\u623b\u308b\u8a08\u7b97\u306b\u306a\u308a\u307e\u3059\uff08\u7b46\u8005\u306e\u8a66\u7b97\u3002\u6255\u8fbc\u671f\u65e5\u306f2026\u5e749\u670830\u65e5\uff5e11\u670830\u65e5\u306e\u4e88\u5b9a\u3067\u3001\u78ba\u5b9a\u3057\u3066\u3044\u307e\u305b\u3093\uff09\u3002<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">8. \u682a\u4fa1\u306e\u898b\u65b9<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u203b\u3053\u306e\u7ae0\u306e\u6570\u5024\u306f\u682a\u4fa1\u306b\u4f9d\u5b58\u3057\u307e\u3059\u3002\u682a\u4fa1\u306f2026\u5e749\u670815\u65e511\u664230\u5206\uff08\u524d\u5834\u5f15\u3051\uff09\u6642\u70b9\u306e792\u5186\u3092\u57fa\u6e96\u306b\u3057\u3066\u3044\u307e\u3059\u3002\u8a18\u4e8b\u3092\u8aad\u3080\u6642\u70b9\u306e\u682a\u4fa1\u3067\u5fc5\u305a\u53d6\u308a\u76f4\u3057\u3066\u304f\u3060\u3055\u3044\u3002<\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u76f4\u8fd1\u306e\u682a\u4fa1<\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\u65e5\u4ed8<\/th><th>\u7d42\u5024<\/th><th>\u51fa\u6765\u9ad8<\/th><th>\u5099\u8003<\/th><\/tr><\/thead><tbody><tr><td>2026\u5e749\u670811\u65e5\uff08\u91d1\uff09<\/td><td>920\u5186<\/td><td>144,800\u682a<\/td><td>\u7b2c\u4e09\u8005\u5272\u5f53\u306e\u4fa1\u683c\u7b97\u5b9a\u57fa\u6e96\u65e5<\/td><\/tr><tr><td>2026\u5e749\u670814\u65e5\uff08\u6708\uff09<\/td><td>908\u5186<\/td><td>119,100\u682a<\/td><td>\u6c7a\u7b97\u767a\u8868\u65e5\uff08\u8aac\u660e\u4f1a\u306f17:30\u304b\u3089\uff09<\/td><\/tr><tr><td>2026\u5e749\u670815\u65e5\uff08\u706b\uff09\u524d\u5834\u5f15\u3051<\/td><td><strong>792\u5186<\/strong><\/td><td>\uff0d<\/td><td><strong>\u524d\u65e5\u6bd4\u25b3116\u5186\u3001\u25b312.78%<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\uff08Yahoo!\u30d5\u30a1\u30a4\u30ca\u30f3\u30b9\u306e\u6642\u7cfb\u5217\u30fb\u30ea\u30a2\u30eb\u30bf\u30a4\u30e0\u8868\u793a\u3088\u308a\u30029\u670811\u65e5\u306e\u7d42\u5024920\u5186\u306f\u7b2c\u4e09\u8005\u5272\u5f53\u958b\u793a\u306b\u3082\u8a18\u8f09\u3055\u308c\u3066\u304a\u308a\u3001\u4e00\u6b21\u60c5\u5831\u3067\u88cf\u304c\u53d6\u308c\u307e\u3059\uff09<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u6c7a\u7b97\u77ed\u4fe1\u30fb\u4e2d\u671f\u7d4c\u55b6\u8a08\u753b\u30fb\u7b2c\u4e09\u8005\u5272\u5f53\u306f\u3044\u305a\u308c\u30829\u670814\u65e5\u306e\u53d6\u5f15\u7d42\u4e86\u5f8c\u306b\u958b\u793a\u3055\u308c\u3001\u6c7a\u7b97\u8aac\u660e\u4f1a\u306f\u540c\u65e517\u664230\u5206\u304b\u3089\u958b\u50ac\u3055\u308c\u3066\u3044\u307e\u3059\u3002\u3057\u305f\u304c\u3063\u3066<strong>\u5e02\u5834\u306e\u53cd\u5fdc\u306f9\u670815\u65e5\u306b\u51fa\u3066\u304a\u308a\u3001\u524d\u5834\u3060\u3051\u306712.78%\u4e0b\u3052\u3066\u3044\u307e\u3059<\/strong>\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u5e74\u521d\u6765\u9ad8\u5024\u306f1,375\u5186\uff082026\u5e742\u670819\u65e5\uff09\u3001\u5e74\u521d\u6765\u5b89\u5024\u306f544\u5186\uff082026\u5e746\u67083\u65e5\uff09\u3002\u306a\u304a\u7b2c\u4e09\u8005\u5272\u5f53\u306e\u958b\u793a\u306b\u8f09\u3063\u3066\u3044\u308b\u300c2026\u5e747\u6708\u671f\u300d\u306e\u9ad8\u50241,814\u5186\u30fb\u5b89\u5024333\u5186\u306f2025\u5e748\u6708\uff5e2026\u5e747\u6708\u306e\u4f1a\u8a08\u5e74\u5ea6\u30d9\u30fc\u30b9\u3067\u3001\u66a6\u5e74\u30d9\u30fc\u30b9\u306e\u5e74\u521d\u6765\u30ec\u30f3\u30b8\u3068\u306f\u96c6\u8a08\u671f\u9593\u304c\u9055\u3044\u307e\u3059\u3002<strong>\u540c\u3058\u4f1a\u793e\u306e\u9ad8\u5024\u304c1,375\u5186\u3068\u30821,814\u5186\u3068\u3082\u66f8\u304b\u308c\u3066\u3044\u308b\u306e\u306f\u3001\u671f\u9593\u306e\u53d6\u308a\u65b9\u304c\u9055\u3046\u3060\u3051<\/strong>\u3067\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u6307\u6a19\uff08\u7b46\u8005\u306e\u8a66\u7b97\uff09<\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\u6307\u6a19<\/th><th>792\u5186\uff089\/15\u524d\u5f15\u3051\uff09<\/th><th>908\u5186\uff089\/14\u7d42\u5024\uff09<\/th><\/tr><\/thead><tbody><tr><td>\u6642\u4fa1\u7dcf\u984d\uff08\u73fe\u72b6\u682a\u6570\uff09<\/td><td>112.3\u5104\u5186<\/td><td>128.7\u5104\u5186<\/td><\/tr><tr><td>\u6642\u4fa1\u7dcf\u984d\uff08\u5897\u8cc7\u5f8c15,247,200\u682a\uff09<\/td><td>120.8\u5104\u5186<\/td><td>138.4\u5104\u5186<\/td><\/tr><tr><td>\u4e88\u60f3PER\uff08EPS 17.00\uff5e20.67\u5186\uff09<\/td><td>38.3\u500d\uff5e46.6\u500d<\/td><td>43.9\u500d\uff5e53.4\u500d<\/td><\/tr><tr><td>\u5b9f\u7e3ePBR\uff08BPS 161.52\u5186\uff09<\/td><td>4.90\u500d<\/td><td>5.62\u500d<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u3053\u3053\u3067\u6ce8\u610f\u70b9\u304c\u3072\u3068\u3064\u3042\u308a\u307e\u3059\u3002<\/strong> 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class=\"wp-block-paragraph\">\u306a\u304a\u5897\u8cc7\u5f8c\u306e1\u682a\u5f53\u305f\u308a\u89aa\u4f1a\u793e\u6240\u6709\u8005\u5e30\u5c5e\u6301\u5206\u306f\u30012026\u5e747\u6708\u672b\u306e\u6301\u52062,289\u767e\u4e07\u5186\u306b\u5dee\u5f15\u624b\u53d6\u6982\u7b97\u984d913\u767e\u4e07\u5186\u3092\u8db3\u3057\u3066\u767a\u884c\u5f8c\u682a\u5f0f\u6570\u3067\u5272\u308b\u3068<strong>210.01\u5186<\/strong>\uff08\u7b46\u8005\u306e\u6982\u7b97\u30022027\u5e747\u6708\u671f\u306e\u640d\u76ca\u306f\u8003\u616e\u3057\u3066\u3044\u307e\u305b\u3093\uff09\u3002BPS\u30d9\u30fc\u30b9\u3067\u306f\u5897\u8cc7\u306f\u5e0c\u8584\u5316\u3067\u306f\u306a\u304f\u3001\u3080\u3057\u308d\u539a\u304f\u306a\u308b\u65b9\u5411\u306b\u50cd\u304d\u307e\u3059\u3002\u767a\u884c\u4fa1\u984d856\u5186\u304cBPS161.52\u5186\u3092\u5927\u304d\u304f\u4e0a\u56de\u3063\u3066\u3044\u308b\u305f\u3081\u3067\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u5f37\u6c17\u306b\u898b\u308b\u6750\u6599<\/h3>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>\u8abf\u6574\u5f8c\u55b6\u696d\u5229\u76ca\u306f\u524d\u671f\u6bd442.8%\u5897\u30014Q\u5358\u72ec\u3067\u306f4.1\u500d\u3002<\/strong> \u7c97\u5229\u7387\u306f4\u56db\u534a\u671f\u9023\u7d9a\u3067\u4e0a\u6607\u3057\u3001\u8ca9\u7ba1\u8cbb\u306f\u6291\u3048\u3089\u308c\u3066\u3044\u308b\u3002\u6e1b\u640d\u3092\u5225\u306b\u7f6e\u3051\u3070\u3001\u672c\u696d\u306e\u53ce\u76ca\u6027\u306f\u660e\u78ba\u306b\u6539\u5584\u3057\u3066\u3044\u308b\u3002<\/li>\n\n\n\n<li><strong>\u30de\u30f3\u30ac\u30b5\u30fc\u30d3\u30b9\u4e8b\u696d\u306f4\u56db\u534a\u671f\u9023\u7d9a\u3067\u904e\u53bb\u6700\u9ad8\u3092\u66f4\u65b0\u3057\u3001\u6d77\u5916\u6bd4\u7387\u304c10%\u53f0\u524d\u534a\u304b\u308917%\u53f0\u3078\u3002<\/strong> 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913\u767e\u4e07\u5186\u306e\u8cc7\u91d1\u4f7f\u9014\u306f\u3059\u3079\u3066\u6d77\u5916\u95a2\u9023\u3067\u3001\u4e2d\u8a08\u306e\u671f\u9593\u3068\u4e00\u81f4\u3057\u3066\u3044\u308b\u3002\u767a\u884c\u4fa1\u984d856\u5186\u306f\u76f4\u524d\u7d42\u5024\u304b\u3089\u308f\u305a\u304b7%\u306e\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\u3067\u3001\u8db3\u5143\u3092\u307f\u3089\u308c\u305f\u6761\u4ef6\u3067\u306f\u306a\u3044\u3002<\/li>\n\n\n\n<li><strong>\u4e0d\u63a1\u7b97\u3060\u3063\u305f\u30de\u30fc\u30b1\u30c6\u30a3\u30f3\u30b0\u4e8b\u696d\u3092\u6574\u7406\u3057\u7d42\u3048\u305f\u3002<\/strong> 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2027\u5e747\u6708\u671f\u306e\u9023\u7d50\u58f2\u4e0a\u306f\u8868\u9762\u4e0a1\u5272\u4ee5\u4e0a\u6e1b\u308b\u3002\u4f1a\u793e\u304c\u8a00\u3046\u300c\u5b9f\u8cea107.3\uff5e112.7%\u300d\u306f\u3001\u3042\u304f\u307e\u3067\u5206\u6bcd\u3092\u5165\u308c\u66ff\u3048\u305f\u3046\u3048\u3067\u306e\u8a71\u3067\u3001<strong>\u30b0\u30eb\u30fc\u30d7\u5168\u4f53\u306e\u4e8b\u696d\u898f\u6a21\u305d\u306e\u3082\u306e\u306f\u7e2e\u3093\u3067\u3044\u308b<\/strong>\u3002<\/li>\n\n\n\n<li><strong>\u5229\u76ca\u306f3\u671f\u9023\u7d9a\u3067\u4f38\u3073\u3066\u3044\u306a\u3044\u3002<\/strong> 157\u767e\u4e07\u5186\uff082024\u5e747\u6708\u671f\uff09\u2192147\u767e\u4e07\u5186\uff082025\u5e747\u6708\u671f\uff09\u2192\u25b3555\u767e\u4e07\u5186\u3002\u58f2\u4e0a\u306f3,671\u21924,835\u21924,800\u3068\u5897\u3048\u305f\u306e\u306b\u3001\u6700\u7d42\u5229\u76ca\u306f\u4e00\u5ea6\u3082\u5897\u3048\u3066\u3044\u306a\u3044\u3002M&amp;A\u3067\u58f2\u4e0a\u3092\u7a4d\u307f\u3001\u305d\u306eM&amp;A\u306e\u306e\u308c\u3093\u3092\u6e1b\u640d\u3057\u305f\u3001\u3068\u3044\u3046\u5faa\u74b0\u304c\u4e00\u5de1\u3057\u305f\u5f62\u3002<\/li>\n\n\n\n<li><strong>\u4e2d\u8a08\u306e\u55b6\u696d\u5229\u76ca\u306f\u5e74\u738741%\u6210\u9577\u304c\u5fc5\u8981\u3002<\/strong> 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class=\"wp-block-paragraph\">\u3069\u3061\u3089\u306e\u898b\u65b9\u306b\u3082\u6839\u62e0\u304c\u3042\u308a\u307e\u3059\u3002\u500b\u4eba\u7684\u306b\u306f\u3001<strong>\u3053\u306e\u6c7a\u7b97\u3092\u300c\u8d64\u5b57\u6c7a\u7b97\u300d\u3068\u8aad\u3080\u304b\u300c\u69cb\u9020\u8ee2\u63db\u306e\u5e74\u300d\u3068\u8aad\u3080\u304b\u306f\u3001\u56db\u534a\u671f\u306e\u5dee\u3057\u5f15\u304d\u8868\u3092\u81ea\u5206\u3067\u4f5c\u3063\u305f\u304b\u3069\u3046\u304b\u3067\u6c7a\u307e\u308b<\/strong>\u3068\u601d\u3063\u3066\u3044\u307e\u3059\u3002\u4f5c\u3089\u306a\u3051\u308c\u3070\u3001\u55b6\u696d\u8d64\u5b57382\u767e\u4e07\u5186\u3068\u3044\u30461\u884c\u3057\u304b\u6b8b\u308a\u307e\u305b\u3093\u3002<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">9. \u4eca\u5f8c\u306e\u30ab\u30ec\u30f3\u30c0\u30fc\u3068\u3001\u898b\u308b\u3079\u304dKPI<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">\u30ab\u30ec\u30f3\u30c0\u30fc<\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\u6642\u671f<\/th><th>\u5185\u5bb9<\/th><\/tr><\/thead><tbody><tr><td>2026\u5e749\u670830\u65e5\uff5e11\u670830\u65e5<\/td><td>\u7b2c\u4e09\u8005\u5272\u5f53\u306e\u6255\u8fbc\u671f\u65e5\uff08\u4e88\u5b9a\uff09\u3002\u5916\u70ba\u6cd5\u306e\u4e8b\u524d\u5c4a\u51fa\u624b\u7d9a\u306e\u5b8c\u4e86\u304c\u524d\u63d0<\/td><\/tr><tr><td>2026\u5e7410\u670828\u65e5<\/td><td>\u5b9a\u6642\u682a\u4e3b\u7dcf\u4f1a\uff08\u8b70\u6c7a\u6a29\u57fa\u6e96\u65e5\u306f2026\u5e747\u670831\u65e5\uff09<\/td><\/tr><tr><td>2026\u5e7410\u670828\u65e5<\/td><td>\u6709\u4fa1\u8a3c\u5238\u5831\u544a\u66f8 \u63d0\u51fa\u4e88\u5b9a<\/td><\/tr><tr><td>2026\u5e7411\u67081\u65e5<\/td><td>\u9023\u7d50\u5b50\u4f1a\u793e \u682a\u5f0f\u4f1a\u793eLink-U Marketing\u3092\u5408\u4f75\u306b\u3088\u308a\u6d88\u6ec5\uff08\u4e88\u5b9a\uff09<\/td><\/tr><tr><td>2026\u5e7412\u6708\u4e2d\u65ec\uff08\u904e\u53bb\u5b9f\u7e3e\u304b\u3089\u63a8\u5b9a\uff09<\/td><td>2027\u5e747\u6708\u671f \u7b2c1\u56db\u534a\u671f\u6c7a\u7b97\u767a\u8868<\/td><\/tr><tr><td>2030\u5e747\u6708\u671f<\/td><td>\u4e2d\u671f\u7d4c\u55b6\u8a08\u753b2030\u306e\u6700\u7d42\u5e74\u5ea6\uff08\u58f2\u4e0a80\u5104\u5186\u30fb\u55b6\u696d\u5229\u76ca16\u5104\u5186\uff09<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">\u898b\u308b\u3079\u304dKPI<\/h3>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>\u5358\u72ec\u56db\u534a\u671f\u306e\u7c97\u5229\u7387\u3002<\/strong> 46.1%\u219253.1%\u3068\u3044\u3046\u4e0a\u6607\u304c\u7d9a\u304f\u306e\u304b\u3001\u6b62\u307e\u308b\u306e\u304b\u3002\u65b0\u3057\u3044\u56db\u534a\u671f\u304c\u51fa\u305f\u3089\u7d2f\u8a08\u304b\u3089\u5f15\u304d\u7b97\u3057\u3066\u78ba\u8a8d\u3059\u308b\u3002\u3053\u308c\u304c\u6b62\u307e\u3063\u305f\u3068\u304d\u3001\u4e2d\u8a08\u306e\u55b6\u696d\u5229\u76ca\u738720%\u306f\u9060\u306e\u304d\u307e\u3059\u3002<\/li>\n\n\n\n<li><strong>\u30de\u30f3\u30ac\u30b5\u30fc\u30d3\u30b9\uff08\u65b0\u533a\u5206\u3067\u306fMANGA PLATFORM\uff09\u306e\u6d77\u5916\u6bd4\u7387\u3002<\/strong> 17%\u53f0\u304b\u3089\u3069\u3053\u307e\u3067\u884c\u304f\u304b\u3002\u3053\u3053\u304c\u4f38\u3073\u308b\u307b\u3069\u3001Crunchyroll Manga\u306e\u7d4c\u6e08\u6027\u304c\u898b\u3048\u3066\u304d\u307e\u3059\u3002<\/li>\n\n\n\n<li><strong>\u7b2c\u4e09\u8005\u5272\u5f53\u306e\u6255\u8fbc\u5b8c\u4e86\u3002<\/strong> \u5916\u70ba\u6cd5\u306e\u4e8b\u524d\u5c4a\u51fa\u304c\u524d\u63d0\u6761\u4ef6\u306b\u306a\u3063\u3066\u3044\u308b\u305f\u3081\u3001<strong>\u6255\u8fbc\u304c\u5b9f\u969b\u306b\u884c\u308f\u308c\u305f\u304b\u3069\u3046\u304b\u306e\u958b\u793a<\/strong>\u3092\u78ba\u8a8d\u3059\u308b\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002\u5b8c\u4e86\u6642\u671f\u304c\u78ba\u5b9a\u3057\u3066\u3044\u306a\u3044\u3053\u3068\u306f\u4f1a\u793e\u3082\u6ce8\u8a18\u3057\u3066\u3044\u307e\u3059\u3002<\/li>\n\n\n\n<li><strong>\u6d41\u901a\u682a\u5f0f\u6bd4\u7387\u3068\u6d41\u901a\u682a\u5f0f\u6642\u4fa1\u7dcf\u984d\u3002<\/strong> \u5897\u8cc7\u5f8c\u306e\u5206\u5e03\u72b6\u6cc1\u3068\u3001\u30b9\u30bf\u30f3\u30c0\u30fc\u30c9\u5e02\u5834\u306e\u4e0a\u5834\u7dad\u6301\u57fa\u6e96\uff08\u6d41\u901a\u682a\u5f0f\u6642\u4fa1\u7dcf\u984d10\u5104\u5186\u30fb\u6d41\u901a\u682a\u5f0f\u6bd4\u738725%\uff09\u306b\u5bfe\u3059\u308b\u4f59\u88d5\u5ea6\u3002<\/li>\n\n\n\n<li><strong>\u7e70\u5ef6\u7a0e\u91d1\u8cc7\u7523\u306e\u518d\u8a08\u4e0a\u3002<\/strong> \u9ed2\u5b57\u5316\u304c\u78ba\u5b9f\u8996\u3055\u308c\u308c\u3070\u8cc7\u7523\u304c\u623b\u308a\u3001\u305d\u306e\u671f\u306e\u7a0e\u8ca0\u62c5\u304c\u8efd\u304f\u306a\u308a\u307e\u3059\u3002\u9006\u306b\u623b\u3089\u306a\u3051\u308c\u3070\u3001\u9ed2\u5b57\u3067\u3082\u5b9f\u52b9\u7a0e\u7387\u304c\u9ad8\u6b62\u307e\u308a\u3057\u307e\u3059\u3002<\/li>\n\n\n\n<li><strong>\u91d1\u878d\u8cc7\u7523\u306e\u542b\u307f\u76ca\u306e\u4e2d\u8eab\u3002<\/strong> \u975e\u6d41\u52d5\u306e\u305d\u306e\u4ed6\u306e\u91d1\u878d\u8cc7\u7523\u304c412\u767e\u4e07\u5186\u5897\u3048\u3001\u5305\u62ec\u5229\u76ca\u306b286\u767e\u4e07\u5186\u306e\u8a55\u4fa1\u76ca\u304c\u4e57\u3063\u3066\u3044\u307e\u3059\u3002\u6709\u4fa1\u8a3c\u5238\u5831\u544a\u66f8\u3067\u5185\u8a33\u3092\u78ba\u8a8d\u3057\u305f\u3044\u3068\u3053\u308d\u3067\u3059\u3002<\/li>\n\n\n\n<li><strong>\u65b03\u533a\u5206\u306e\u5b9f\u7e3e\u958b\u793a\u3002<\/strong> 2027\u5e747\u6708\u671f\u304b\u3089MANGA PLATFORM\uff0fCONTENT SOLUTION\uff0fLIFE STYLE\u306e\u533a\u5206\u306b\u306a\u308a\u307e\u3059\u3002\u65e7\u533a\u5206\u3068\u306e\u63a5\u7d9a\u304c\u793a\u3055\u308c\u308b\u304b\u3069\u3046\u304b\u3002<\/li>\n<\/ol>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">10. 3\u884c\u307e\u3068\u3081<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u901a\u671f\u306e\u55b6\u696d\u8d64\u5b57382\u767e\u4e07\u5186\u306f\u3001\u5b50\u4f1a\u793eRomanz\u306e\u306e\u308c\u3093\u6e1b\u640d767\u767e\u4e07\u5186\u306b\u3088\u308b\u3082\u306e\u3002<\/strong> \u6e1b\u640d\u3092\u9664\u3044\u305f\u8abf\u6574\u5f8c\u55b6\u696d\u5229\u76ca\u306f403\u767e\u4e07\u5186\u3067\u524d\u671f\u6bd442.8%\u5897\u30014Q\u5358\u72ec\u3067\u306f\u524d\u5e74\u306e4.1\u500d\u3067\u3057\u305f\u3002<\/li>\n\n\n\n<li><strong>\u7d2f\u8a08\u3057\u304b\u51fa\u306a\u3044\u56db\u534a\u671f\u3092\u81ea\u5206\u3067\u5f15\u304d\u7b97\u3059\u308b\u3068\u3001\u7c97\u5229\u7387\u306f46.1%\u219251.6%\u219252.5%\u219253.1%\u30684\u671f\u9023\u7d9a\u3067\u4e0a\u6607\u3057\u3066\u304a\u308a\u3001\u6c7a\u7b97\u66f8\u306e\u898b\u51fa\u3057\u3068\u306f\u9006\u306e\u65b9\u5411\u3092\u5411\u3044\u3066\u3044\u307e\u3059\u3002<\/strong> \u305f\u3060\u3057\u524d\u671f\u306e3Q\u304c\u5358\u72ec\u3067\u306f\u8d64\u5b57\u3060\u3063\u305f\u4e8b\u5b9f\u3082\u3001\u540c\u3058\u5f15\u304d\u7b97\u3067\u51fa\u3066\u304d\u307e\u3059\u3002<\/li>\n\n\n\n<li><strong>2027\u5e747\u6708\u671f\u306f\u8868\u9762\u4e0a1\u5272\u4ee5\u4e0a\u306e\u6e1b\u53ce\u4e88\u60f3\u3067\u3059\u304c\u3001\u3053\u308c\u306f\u30b0\u30eb\u30fc\u30d7\u4f1a\u793e3\u793e\u304c\u9023\u7d50\u304b\u3089\u5916\u308c\u305f\u305f\u3081\u3067\u3001\u6b8b\u3063\u305f\u4e8b\u696d\u3067\u306f7\uff5e13%\u306e\u5897\u53ce\u3092\u898b\u8fbc\u3093\u3067\u3044\u307e\u3059\u3002<\/strong> \u540c\u65e5\u306b\u6c7a\u307e\u3063\u305f\u30af\u30e9\u30f3\u30c1\u30ed\u30fc\u30eb\u3078\u306e7.56%\u306e\u7b2c\u4e09\u8005\u5272\u5f53\u3068\u30012026\u5e747\u6708\u306e\u30b9\u30bf\u30f3\u30c0\u30fc\u30c9\u5e02\u5834\u3078\u306e\u533a\u5206\u5909\u66f4\u3092\u5408\u308f\u305b\u3066\u8aad\u3080\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">\u514d\u8cac\u4e8b\u9805<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">\u672c\u8a18\u4e8b\u306f\u3001\u6c7a\u7b97\u77ed\u4fe1\u7b49\u306e\u516c\u958b\u60c5\u5831\u3092\u3082\u3068\u306b\u3001\u751f\u6210AI\u3092\u57f7\u7b46\u88dc\u52a9\u3068\u3057\u3066\u7528\u3044\u3066\u4f5c\u6210\u3057\u3066\u3044\u307e\u3059\u3002\u8ad6\u70b9\u306e\u9078\u5b9a\u30fb\u69cb\u6210\u306e\u5224\u65ad\u3001\u304a\u3088\u3073\u8a18\u8f09\u3057\u305f\u6570\u5024\u3068\u4e00\u6b21\u60c5\u5831\u3068\u306e\u7167\u5408\u306f\u7b46\u8005\u304c\u884c\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p 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