{"id":271,"date":"2026-09-21T12:00:11","date_gmt":"2026-09-21T03:00:11","guid":{"rendered":"https:\/\/sonokane.net\/?p=271"},"modified":"2026-09-21T12:00:13","modified_gmt":"2026-09-21T03:00:13","slug":"%e3%80%902026%e5%b9%b48%e6%9c%88%e7%99%ba%e8%a1%a8%e3%83%bb%e7%ac%ac1%e5%9b%9b%e5%8d%8a%e6%9c%9f%e6%b1%ba%e7%ae%97%e3%80%91%e5%86%85%e5%a4%96%e3%83%86%e3%83%83%e3%82%af%ef%bc%883374%ef%bc%89%e3%81%ae","status":"publish","type":"post","link":"https:\/\/sonokane.net\/?p=271","title":{"rendered":"\u30102026\u5e748\u6708\u767a\u8868\u30fb\u7b2c1\u56db\u534a\u671f\u6c7a\u7b97\u3011\u5185\u5916\u30c6\u30c3\u30af\uff083374\uff09\u306e\u58f2\u4e0a\u306f2030\u5e74\u306e\u76ee\u6a19\u3092\u521d\u5e74\u5ea6\u3067\u8d85\u3048\u305f\u2500\u2500\u305d\u308c\u3067\u3082\u55b6\u696d\u5229\u76ca\u7387\u304c5%\u3067\u6b62\u307e\u308b\u306e\u306f\u306a\u305c\u304b"},"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\">1. \u3053\u306e\u8a18\u4e8b\u3067\u308f\u304b\u308b\u3053\u3068<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u58f2\u4e0a\u9ad8\u304c\u524d\u5e74\u540c\u671f\u6bd459.9%\u5897\u3001\u55b6\u696d\u5229\u76ca\u304c7.1\u500d\u306b\u306a\u3063\u305f\u6c7a\u7b97\u306e\u300c7.1\u500d\u300d\u304c\u3001\u3069\u3053\u307e\u3067\u5b9f\u529b\u3067\u3069\u3053\u304b\u3089\u304c\u524d\u5e74\u306e\u53cd\u52d5\u306a\u306e\u304b<\/li>\n\n\n\n<li>2026\u5e745\u6708\u306b\u767a\u8868\u3057\u305f\u3070\u304b\u308a\u306e\u4e2d\u671f\u7d4c\u55b6\u8a08\u753b\u300cMIRAI 2030\u300d\u306e\u58f2\u4e0a\u76ee\u6a19500\u5104\u5186\u3092\u3001\u521d\u5e74\u5ea6\u306e\u4eca\u671f\u4e88\u60f3509\u5104\u5186\u304c\u8ffd\u3044\u8d8a\u3057\u3066\u3057\u307e\u3063\u305f\u7d4c\u7def\u3068\u3001\u305d\u308c\u3067\u3082\u55b6\u696d\u5229\u76ca\u7387\u3060\u3051\u304c\u76ee\u6a19\u306b\u9060\u3044\u7406\u7531<\/li>\n\n\n\n<li>9\u56db\u534a\u671f\u5206\u3092\u5dee\u3057\u5f15\u3044\u3066\u4e26\u3079\u305f\u3001\u5358\u72ec\u56db\u534a\u671f\u306e\u58f2\u4e0a\u30fb\u7c97\u5229\u7387\u30fb\u8ca9\u7ba1\u8cbb\u30fb\u55b6\u696d\u5229\u76ca\u306e\u63a8\u79fb\uff08\u4f1a\u793e\u306e\u8aac\u660e\u8cc7\u6599\u3068\u4e00\u81f4\u3059\u308b\u3053\u3068\u3092\u78ba\u8a8d\u6e08\u307f\uff09<\/li>\n\n\n\n<li>\u58f2\u4e0a\u306e69.4%\u304c\u6771\u4eac\u30a8\u30ec\u30af\u30c8\u30ed\u30f3\u30b0\u30eb\u30fc\u30d7\u3068\u3044\u3046\u4f9d\u5b58\u69cb\u9020\u304c\u3001\u5f37\u307f\u3068\u5f31\u307f\u306e\u4e21\u65b9\u3092\u3069\u3046\u8aac\u660e\u3059\u308b\u304b<\/li>\n\n\n\n<li>\u671f\u672b\u914d\u5f53\u3092110\u5186\u304b\u3089144\u5186\u3078\u5f15\u304d\u4e0a\u3052\u306a\u304c\u3089\u3001\u914d\u5f53\u6027\u5411\u306f38.5%\u304b\u308930.0%\u3078\u300c\u4e0b\u304c\u3063\u305f\u300d\u3068\u3044\u3046\u4e00\u898b\u306d\u3058\u308c\u305f\u4e8b\u5b9f\u306e\u8aad\u307f\u65b9<\/li>\n\n\n\n<li>\u682a\u4e3b\u512a\u5f85\u5236\u5ea6\u306e\u6709\u7121\u3068\u3001\u8cc7\u672c\u653f\u7b56\u307e\u308f\u308a\u3067\u898b\u308b\u3079\u304d\u6570\u5b57<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">2. \u3053\u306e\u4f1a\u793e\u3092\u4e00\u8a00\u3067\u8a00\u3046\u3068\u4f55\u3092\u3057\u3066\u3044\u308b\u306e\u304b<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">\u5185\u5916\u30c6\u30c3\u30af\u306f\u3001**\u300c\u6771\u4eac\u30a8\u30ec\u30af\u30c8\u30ed\u30f3\u3068\u3044\u3046\u4e00\u793e\u306e\u8cfc\u8cb7\u90e8\u3068\u7d44\u7acb\u5de5\u5834\u3092\u3001\u5916\u304b\u3089\u4e38\u3054\u3068\u5f15\u304d\u53d7\u3051\u3066\u3044\u308b\u4f1a\u793e\u300d**\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u5177\u4f53\u7684\u306a\u98a8\u666f\u3067\u8a00\u3046\u3068\u3053\u3046\u306a\u308a\u307e\u3059\u3002\u534a\u5c0e\u4f53\u3092\u3064\u304f\u308b\u6a5f\u68b0\uff08\u534a\u5c0e\u4f53\u88fd\u9020\u88c5\u7f6e\uff09\u306f\u30011\u53f0\u306b\u771f\u7a7a\u30d0\u30eb\u30d6\u3001\u7d99\u624b\u3001\u914d\u7ba1\u3001\u30bb\u30f3\u30b5\u30fc\u3001\u96fb\u6e90\u3001\u5236\u5fa1\u90e8\u54c1\u3068\u3044\u3063\u305f\u90e8\u54c1\u304c\u6570\u4e07\u70b9\u4f7f\u308f\u308c\u307e\u3059\u3002\u88c5\u7f6e\u30e1\u30fc\u30ab\u30fc\u304c\u305d\u308c\u3092\u81ea\u524d\u30671\u70b9\u305a\u3064\u767a\u6ce8\u3057\u3001\u691c\u54c1\u3057\u3001\u5728\u5eab\u3092\u6301\u3061\u3001\u30e9\u30a4\u30f3\u306e\u6a2a\u307e\u3067\u904b\u3076\u306e\u306f\u5927\u5909\u306a\u624b\u9593\u3067\u3059\u3002\u5185\u5916\u30c6\u30c3\u30af\u306f\u3001\u305d\u306e\u90e8\u54c1\u3092\u7d041,500\u793e\u306e\u4ed5\u5165\u5148\u304b\u3089\u96c6\u3081\u3066\u88c5\u7f6e\u30e1\u30fc\u30ab\u30fc\u306e\u751f\u7523\u30e9\u30a4\u30f3\u3078\u5c4a\u3051\u307e\u3059\uff08\u8ca9\u58f2\u4e8b\u696d\uff09\u3002\u3055\u3089\u306b\u3001\u88c5\u7f6e\u305d\u306e\u3082\u306e\u306e\u7d44\u307f\u7acb\u3066\u3092\u8acb\u3051\u8ca0\u3044\uff08\u53d7\u8a17\u88fd\u9020\u4e8b\u696d\uff09\u3001\u534a\u5c0e\u4f53\u5de5\u5834\u306b\u636e\u3048\u4ed8\u3051\u3089\u308c\u305f\u5f8c\u306e\u4fdd\u5b88\u30fb\u30e1\u30f3\u30c6\u30ca\u30f3\u30b9\u307e\u3067\u5f15\u304d\u53d7\u3051\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3053\u306e\u300c\u8ab0\u306e\u4ed5\u4e8b\u3092\u4ee3\u308f\u308a\u306b\u3084\u3063\u3066\u3044\u308b\u306e\u304b\u300d\u3068\u3044\u3046\u8996\u70b9\u3092\u6301\u3063\u3066\u304a\u304f\u3068\u3001\u3053\u306e\u6c7a\u7b97\u306e\u6570\u5b57\u306f\u304b\u306a\u308a\u8aad\u307f\u3084\u3059\u304f\u306a\u308a\u307e\u3059\u3002\u4ee5\u964d\u3001\u5f37\u6c17\u6750\u6599\u306e\u3068\u3053\u308d\u3067\u3082\u5f31\u6c17\u6750\u6599\u306e\u3068\u3053\u308d\u3067\u3082\u3001\u3053\u306e\u8ef8\u306b\u623b\u3063\u3066\u304d\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\u534a\u5c0e\u4f53\u88fd\u9020\u88c5\u7f6e\u3068\u30b3\u30f3\u30dd\u30fc\u30cd\u30f3\u30c4<\/strong> \u534a\u5c0e\u4f53\u306f\u3001\u30b7\u30ea\u30b3\u30f3\u30a6\u30a7\u30cf\u30fc\u306b\u56de\u8def\u3092\u713c\u304d\u4ed8\u3051\u3001\u524a\u308a\u3001\u6d17\u3044\u3001\u7a4d\u307f\u4e0a\u3052\u308b\u5de5\u7a0b\u3092\u4f55\u767e\u56de\u3082\u7e70\u308a\u8fd4\u3057\u3066\u3064\u304f\u3089\u308c\u307e\u3059\u3002\u305d\u306e\u5404\u5de5\u7a0b\u3067\u4f7f\u3046\u6a5f\u68b0\u304c\u300c\u534a\u5c0e\u4f53\u88fd\u9020\u88c5\u7f6e\u300d\u3067\u3059\u3002\u88c5\u7f6e\u30e1\u30fc\u30ab\u30fc\uff08\u6771\u4eac\u30a8\u30ec\u30af\u30c8\u30ed\u30f3\u3001\u30a2\u30d7\u30e9\u30a4\u30c9\u30de\u30c6\u30ea\u30a2\u30eb\u30ba\u306a\u3069\uff09\u306f\u88c5\u7f6e\u3092\u8a2d\u8a08\u30fb\u8ca9\u58f2\u3057\u307e\u3059\u304c\u3001\u4e2d\u8eab\u306e\u90e8\u54c1\uff08\u30b3\u30f3\u30dd\u30fc\u30cd\u30f3\u30c4\uff09\u306e\u591a\u304f\u306f\u5916\u90e8\u304b\u3089\u8abf\u9054\u3057\u307e\u3059\u3002\u5185\u5916\u30c6\u30c3\u30af\u306e\u3088\u3046\u306a\u5c02\u9580\u5546\u793e\u306f\u3001\u305d\u306e\u8abf\u9054\u3092\u4ee3\u884c\u3059\u308b\u7acb\u5834\u306b\u3042\u308a\u307e\u3059\u3002<\/p>\n<\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\">2-1. \u76f4\u8fd15\u671f\u306e\u696d\u7e3e\u63a8\u79fb<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u307e\u305a\u300c\u3069\u3046\u3044\u3046\u30da\u30fc\u30b9\u3067\u52d5\u3044\u3066\u304d\u305f\u4f1a\u793e\u304b\u300d\u3092\u5148\u306b\u6e21\u3057\u3066\u304a\u304d\u307e\u3059\u3002\u6709\u4fa1\u8a3c\u5238\u5831\u544a\u66f8\u306e\u300c\u4e3b\u8981\u306a\u7d4c\u55b6\u6307\u6a19\u7b49\u306e\u63a8\u79fb\u300d\u304b\u3089\u306e\u8ee2\u8a18\u3067\u3059\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\u6c7a\u7b97\u671f<\/th><th>\u58f2\u4e0a\u9ad8<\/th><th>\u7d4c\u5e38\u5229\u76ca<\/th><th>\u7d14\u5229\u76ca<\/th><th>EPS<\/th><th>\u81ea\u5df1\u8cc7\u672c\u6bd4\u7387<\/th><th>ROE<\/th><th>\u55b6\u696dCF<\/th><\/tr><\/thead><tbody><tr><td>2022\u5e743\u6708\u671f<\/td><td>375\u510451\u767e\u4e07\u5186<\/td><td>21\u510407\u767e\u4e07\u5186<\/td><td>15\u510441\u767e\u4e07\u5186<\/td><td>442.17\u5186<\/td><td>37.6%<\/td><td>17.5%<\/td><td>23\u510445\u767e\u4e07\u5186<\/td><\/tr><tr><td>2023\u5e743\u6708\u671f<\/td><td>452\u510481\u767e\u4e07\u5186<\/td><td>23\u510436\u767e\u4e07\u5186<\/td><td>16\u510438\u767e\u4e07\u5186<\/td><td>469.41\u5186<\/td><td>35.7%<\/td><td>16.2%<\/td><td>10\u510428\u767e\u4e07\u5186<\/td><\/tr><tr><td>2024\u5e743\u6708\u671f<\/td><td>390\u510413\u767e\u4e07\u5186<\/td><td>11\u510489\u767e\u4e07\u5186<\/td><td>8\u510448\u767e\u4e07\u5186<\/td><td>242.66\u5186<\/td><td>42.1%<\/td><td>7.7%<\/td><td>11\u510485\u767e\u4e07\u5186<\/td><\/tr><tr><td>2025\u5e743\u6708\u671f<\/td><td>353\u510437\u767e\u4e07\u5186<\/td><td>15\u510425\u767e\u4e07\u5186<\/td><td>10\u510449\u767e\u4e07\u5186<\/td><td>299.93\u5186<\/td><td>48.5%<\/td><td>9.0%<\/td><td>\u25b32\u510477\u767e\u4e07\u5186<\/td><\/tr><tr><td>2026\u5e743\u6708\u671f<\/td><td>326\u510414\u767e\u4e07\u5186<\/td><td>13\u510489\u767e\u4e07\u5186<\/td><td>9\u510471\u767e\u4e07\u5186<\/td><td>277.74\u5186<\/td><td>50.9%<\/td><td>7.9%<\/td><td>14\u510401\u767e\u4e07\u5186<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\u3053\u306e\u8868\u306e\u30dd\u30a4\u30f3\u30c8\u306f2\u3064\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3072\u3068\u3064\u3081\u306f\u3001<strong>\u3053\u306e\u4f1a\u793e\u306f\u4e00\u672c\u8abf\u5b50\u3067\u4f38\u3073\u3066\u304d\u305f\u308f\u3051\u3067\u306f\u306a\u3044<\/strong>\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u30022023\u5e743\u6708\u671f\u306e452\u5104\u5186\u304c\u3053\u308c\u307e\u3067\u306e\u30d4\u30fc\u30af\u3067\u3001\u305d\u3053\u304b\u30893\u671f\u9023\u7d9a\u3067\u6e1b\u53ce\u3057\u30012026\u5e743\u6708\u671f\u306f326\u5104\u5186\u307e\u3067\u7e2e\u307f\u307e\u3057\u305f\u3002\u30d4\u30fc\u30af\u6bd4\u306728.0%\u306e\u6e1b\u53ce\u3067\u3059\u3002\u534a\u5c0e\u4f53\u88fd\u9020\u88c5\u7f6e\u5e02\u5834\u306e\u5faa\u74b0\uff08\u30b7\u30ea\u30b3\u30f3\u30b5\u30a4\u30af\u30eb\uff09\u3092\u305d\u306e\u307e\u307e\u53d7\u3051\u6b62\u3081\u308b\u4f4d\u7f6e\u306b\u3044\u308b\u3053\u3068\u304c\u3001\u3053\u306e5\u884c\u306b\u51fa\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3075\u305f\u3064\u3081\u306f\u3001<strong>2025\u5e743\u6708\u671f\u306e\u55b6\u696d\u30ad\u30e3\u30c3\u30b7\u30e5\u30fb\u30d5\u30ed\u30fc\u304c\u30de\u30a4\u30ca\u30b9<\/strong>\u3067\u3042\u308b\u3053\u3068\u3067\u3059\u3002\u7d4c\u5e38\u5229\u76ca\u306f15\u510425\u767e\u4e07\u5186\u306e\u9ed2\u5b57\u306a\u306e\u306b\u3001\u55b6\u696dCF\u306f\u25b32\u510477\u767e\u4e07\u5186\u3002\u5546\u793e\u578b\u306e\u30d3\u30b8\u30cd\u30b9\u3067\u306f\u3001\u4ed5\u5165\u308c\u3068\u8ca9\u58f2\u306e\u30bf\u30a4\u30df\u30f3\u30b0\u306e\u305a\u308c\uff08\u904b\u8ee2\u8cc7\u91d1\uff09\u304c\u640d\u76ca\u3068\u73fe\u91d1\u3092\u4e56\u96e2\u3055\u305b\u307e\u3059\u3002\u3053\u306e\u8ad6\u70b9\u306f\u4eca\u671f\u306e\u7b2c1\u56db\u534a\u671f\u3067\u3082\u5f62\u3092\u5909\u3048\u3066\u51fa\u3066\u304d\u307e\u3059\u306e\u3067\u3001\u899a\u3048\u3066\u304a\u3044\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u305d\u3057\u3066\u4eca\u671f\uff082027\u5e743\u6708\u671f\uff09\u306e\u4f1a\u793e\u4e88\u60f3\u306f\u3001<strong>\u58f2\u4e0a\u9ad8509\u5104\u5186<\/strong>\u3067\u3059\u30022023\u5e743\u6708\u671f\u306e\u904e\u53bb\u6700\u9ad8452\u5104\u5186\u309212.4%\u4e0a\u56de\u308a\u307e\u3059\u3002EPS\u4e88\u60f3479.71\u5186\u3082\u3001\u904e\u53bb\u6700\u9ad8\u306e469.41\u5186\uff082023\u5e743\u6708\u671f\uff09\u3092\u4e0a\u56de\u308b\u6c34\u6e96\u3067\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">2-2. 2\u3064\u306e\u5831\u544a\u30bb\u30b0\u30e1\u30f3\u30c8\u3068\u30015\u3064\u306e\u4e8b\u696d<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f1a\u793e\u306f\u5831\u544a\u30bb\u30b0\u30e1\u30f3\u30c8\u30922\u3064\u306b\u5206\u3051\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\u30bb\u30b0\u30e1\u30f3\u30c8<\/th><th>\u4e2d\u8eab<\/th><th>2026\u5e743\u6708\u671f\u306e\u58f2\u4e0a\uff08\u9023\u7d50\u8abf\u6574\u524d\uff09<\/th><th>\u540c \u30bb\u30b0\u30e1\u30f3\u30c8\u5229\u76ca<\/th><th>\u5229\u76ca\u7387<\/th><\/tr><\/thead><tbody><tr><td>\u8ca9\u58f2\u4e8b\u696d<\/td><td>\u534a\u5c0e\u4f53\u30fbFPD\u88fd\u9020\u88c5\u7f6e\u5411\u3051\u306e\u5404\u7a2e\u30b3\u30f3\u30dd\u30fc\u30cd\u30f3\u30c4\uff08\u90e8\u54c1\uff09\u304a\u3088\u3073\u88c5\u7f6e\u7b49\u306e\u8ca9\u58f2<\/td><td>284\u510436\u767e\u4e07\u5186<\/td><td>6\u510489\u767e\u4e07\u5186<\/td><td>2.42%<\/td><\/tr><tr><td>\u53d7\u8a17\u88fd\u9020\u4e8b\u696d<\/td><td>\u534a\u5c0e\u4f53\u30fbFPD\u88fd\u9020\u88c5\u7f6e\u306a\u3069\u306e\u7d44\u7acb\u3001\u4fdd\u5b88\u30e1\u30f3\u30c6\u30ca\u30f3\u30b9\u7b49<\/td><td>65\u510427\u767e\u4e07\u5186<\/td><td>5\u510455\u767e\u4e07\u5186<\/td><td>8.50%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\u58f2\u4e0a\u306f\u8ca9\u58f2\u4e8b\u696d\u304c\u5727\u5012\u7684\u306b\u5927\u304d\u304f\u3001\u5229\u76ca\u7387\u306f\u53d7\u8a17\u88fd\u9020\u4e8b\u696d\u306e\u307b\u3046\u304c3.5\u500d\u307b\u3069\u9ad8\u3044\u3001\u3068\u3044\u3046\u69cb\u9020\u3067\u3059\u3002<strong>\u300c\u90e8\u54c1\u3092\u96c6\u3081\u3066\u5c4a\u3051\u308b\u4ed5\u4e8b\u300d\u306f\u58f2\u4e0a\u304c\u5927\u304d\u304f\u7c97\u5229\u304c\u8584\u304f\u3001\u300c\u7d44\u3093\u3067\u76f4\u3059\u4ed5\u4e8b\u300d\u306f\u58f2\u4e0a\u304c\u5c0f\u3055\u304f\u7c97\u5229\u304c\u539a\u3044<\/strong>\u3002\u3053\u306e\u975e\u5bfe\u79f0\u304c\u3001\u3053\u306e\u8a18\u4e8b\u306e\u5f8c\u534a\u306e\u6df1\u6398\u308a\u30d1\u30fc\u30c8\u306b\u3064\u306a\u304c\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f1a\u793e\u306f\u793e\u5185\u306e\u7ba1\u7406\u5358\u4f4d\u3068\u3057\u3066\u3001\u3055\u3089\u306b5\u3064\u306e\u4e8b\u696d\u306b\u5206\u3051\u3066\u58f2\u4e0a\u3092\u958b\u793a\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\u4e8b\u696d<\/th><th>\u5185\u5bb9<\/th><th>2026\u5e743\u6708\u671f \u58f2\u4e0a<\/th><th>\u69cb\u6210\u6bd4<\/th><th>2027\u5e743\u6708\u671f1Q<\/th><th>\u69cb\u6210\u6bd4<\/th><\/tr><\/thead><tbody><tr><td>SS\u4e8b\u696d\uff08\u30b5\u30d7\u30e9\u30a4\u30c1\u30a7\u30fc\u30f3\u30fb\u30bd\u30ea\u30e5\u30fc\u30b7\u30e7\u30f3\uff09<\/td><td>\u90e8\u54c1\u306e\u4ed5\u5165\u8ca9\u58f2<\/td><td>199\u510436\u767e\u4e07\u5186<\/td><td>61.1%<\/td><td>76\u510428\u767e\u4e07\u5186<\/td><td>66.1%<\/td><\/tr><tr><td>MS\u4e8b\u696d\uff08\u30de\u30cb\u30e5\u30d5\u30a1\u30af\u30c1\u30e3\u30ea\u30f3\u30b0\u30fb\u30bd\u30ea\u30e5\u30fc\u30b7\u30e7\u30f3\uff09<\/td><td>\u88c5\u7f6e\u306e\u53d7\u8a17\u7d44\u7acb<\/td><td>70\u510414\u767e\u4e07\u5186<\/td><td>21.5%<\/td><td>23\u510410\u767e\u4e07\u5186<\/td><td>20.0%<\/td><\/tr><tr><td>FS\u4e8b\u696d\uff08\u30d5\u30a3\u30fc\u30eb\u30c9\u30fb\u30bd\u30ea\u30e5\u30fc\u30b7\u30e7\u30f3\uff09<\/td><td>\u4fdd\u5b88\u30e1\u30f3\u30c6\u30ca\u30f3\u30b9<\/td><td>29\u510438\u767e\u4e07\u5186<\/td><td>9.0%<\/td><td>9\u510402\u767e\u4e07\u5186<\/td><td>7.8%<\/td><\/tr><tr><td>PS\u4e8b\u696d\uff08\u30d7\u30ec\u30b7\u30b8\u30e7\u30f3\u30de\u30b7\u30cb\u30f3\u30b0\u30fb\u30bd\u30ea\u30e5\u30fc\u30b7\u30e7\u30f3\uff09<\/td><td>\u7cbe\u5bc6\u52a0\u5de5<\/td><td>19\u510411\u767e\u4e07\u5186<\/td><td>5.9%<\/td><td>4\u510489\u767e\u4e07\u5186<\/td><td>4.2%<\/td><\/tr><tr><td>TS\u4e8b\u696d\uff08\u30c6\u30af\u30cb\u30ab\u30eb\u30fb\u30bd\u30ea\u30e5\u30fc\u30b7\u30e7\u30f3\uff09<\/td><td>\u88fd\u54c1\u30fb\u6280\u8853\u958b\u767a<\/td><td>8\u510407\u767e\u4e07\u5186<\/td><td>2.5%<\/td><td>2\u510405\u767e\u4e07\u5186<\/td><td>1.8%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\u3053\u306e\u4e8b\u696d\u5225\u58f2\u4e0a\u306f\u6c7a\u7b97\u8aac\u660e\u8cc7\u6599\u306e\u30b0\u30e9\u30d5\u304b\u3089\u7b46\u8005\u304c\u8aad\u307f\u53d6\u3063\u305f\u5024\u3067\u3059\u304c\u30015\u4e8b\u696d\u306e\u5408\u8a08\u306f2026\u5e743\u6708\u671f\u304c326\u510406\u767e\u4e07\u5186\uff08\u6c7a\u7b97\u77ed\u4fe1\u306e\u58f2\u4e0a\u9ad8326\u510414\u767e\u4e07\u5186\u3068\u306e\u5dee8\u767e\u4e07\u5186\uff09\u30012027\u5e743\u6708\u671f\u7b2c1\u56db\u534a\u671f\u304c115\u510434\u767e\u4e07\u5186\uff08\u540c115\u510436\u767e\u4e07\u5186\u3068\u306e\u5dee2\u767e\u4e07\u5186\uff09\u3068\u306a\u308a\u3001\u77ed\u4fe1\u306e\u958b\u793a\u5024\u3068\u307b\u307c\u4e00\u81f4\u3057\u307e\u3059\u3002\u8868\u306e\u8aad\u307f\u65b9\u306f\u5f8c\u8ff0\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">2-3. \u4e2d\u671f\u7d4c\u55b6\u8a08\u753b\u300cMIRAI 2030\u300d\u2500\u2500\u305f\u3060\u3057\u904e\u53bb\u306e\u76ee\u6a19\u306f2\u56de\u5916\u3057\u3066\u3044\u308b<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">2026\u5e745\u670815\u65e5\u3001\u4f1a\u793e\u306f\u4e2d\u671f\u7d4c\u55b6\u8a08\u753b\u300cMIRAI 2030\u300d\u3092\u767a\u8868\u3057\u307e\u3057\u305f\u30022030\u5e74\u5ea6\uff082031\u5e743\u6708\u671f\uff09\u306e\u76ee\u6a19\u306f\u6b21\u306e\u3068\u304a\u308a\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>2030\u5e74\u5ea6\u76ee\u6a19<\/th><\/tr><\/thead><tbody><tr><td>\u58f2\u4e0a\u9ad8<\/td><td>500\u5104\u5186\u4ee5\u4e0a\uff08\u3046\u3061AI\u95a2\u9023100\u5104\u5186\uff09<\/td><\/tr><tr><td>\u55b6\u696d\u5229\u76ca\u7387<\/td><td>7.0%<\/td><\/tr><tr><td>ROE<\/td><td>12.5%<\/td><\/tr><tr><td>PBR<\/td><td>1.0\u500d\u4ee5\u4e0a<\/td><\/tr><tr><td>\u914d\u5f53\u6027\u5411<\/td><td>30%\u4ee5\u4e0a<\/td><\/tr><tr><td>DOE\uff08\u682a\u4e3b\u8cc7\u672c\u914d\u5f53\u7387\uff09<\/td><td>3%\u4ee5\u4e0a<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\u3053\u3053\u3067\u5927\u4e8b\u306a\u306e\u306f\u3001<strong>\u4f1a\u793e\u81ea\u8eab\u304c\u524d\u306e\u4e2d\u8a08\u3092\u5916\u3057\u305f\u3053\u3068\u3092\u8cc7\u6599\u306b\u660e\u8a18\u3057\u3066\u3044\u308b<\/strong>\u70b9\u3067\u3059\u3002\u4e2d\u8a08\u8cc7\u6599\u306b\u306f\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\">\u534a\u5c0e\u4f53\u5e02\u5834\u306f\u5e74\u959320\uff5e30%\u306e\u5909\u52d5\u304c\u5e38\u614b\u3067\u3042\u308a\u3001\u524d\u4e2d\u8a08\u3067\u306f\u56fa\u5b9a\u7684\u306a\u4e2d\u9593\u5e74\u5ea6\u76ee\u6a19\u304c\u5e02\u5834\u74b0\u5883\u3068\u4e56\u96e2\u3057\u3001\u8a08\u753b\u306e\u4fe1\u983c\u6027\u3092\u640d\u306a\u3046\u7d50\u679c\u3068\u306a\u308a\u307e\u3057\u305f\u3002<\/p>\n<\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\">\u5b9f\u969b\u306e\u63a8\u79fb\u3092\u4e26\u3079\u308b\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>\u6307\u6a19<\/th><th>MIRAI 2026\uff082024\u5e745\u6708\u7b56\u5b9a\uff09\u306e2026\u5e74\u5ea6\u76ee\u6a19<\/th><th>\u540c \u4fee\u6b63\uff082025\u5e745\u6708\uff09<\/th><th>2026\u5e743\u6708\u671f \u5b9f\u7e3e<\/th><th>2027\u5e743\u6708\u671f \u671f\u521d\u4e88\u60f3\uff082026\u5e745\u6708\uff09<\/th><th>MIRAI 2030\uff082030\u5e74\u5ea6\u76ee\u6a19\uff09<\/th><\/tr><\/thead><tbody><tr><td>\u58f2\u4e0a\u9ad8<\/td><td>600\u5104\u5186<\/td><td>448\u5104\u5186<\/td><td>326\u5104\u5186<\/td><td>406\u5104\u5186<\/td><td>500\u5104\u5186\u4ee5\u4e0a<\/td><\/tr><tr><td>\u55b6\u696d\u5229\u76ca\u7387<\/td><td>5.0%<\/td><td>2.7%<\/td><td>4.3%<\/td><td>3.7%<\/td><td>7.0%<\/td><\/tr><tr><td>ROE<\/td><td>14.0%<\/td><td>6.3%<\/td><td>7.9%<\/td><td>7.6%<\/td><td>12.5%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\u524d\u4e2d\u8a08\u306f2026\u5e74\u5ea6\u306b\u58f2\u4e0a600\u5104\u5186\u3092\u63b2\u3052\u30011\u5e74\u5f8c\u306b448\u5104\u5186\u3078\u4e0b\u65b9\u4fee\u6b63\u3057\u3001\u5b9f\u7e3e\u306f326\u5104\u5186\u3067\u3057\u305f\u3002\u5f53\u521d\u76ee\u6a19\u306b\u5bfe\u3057\u306645.6%\u306e\u672a\u9054\u3067\u3059\u3002\u4f1a\u793e\u306f\u3053\u308c\u3092\u53d7\u3051\u3066\u300c2030\u5e74\u5ea6\u306e\u76ee\u6a19\u3092\u5b9a\u3081\u3064\u3064\u3001\u5f53\u8a72\u5e74\u5ea6\u306e\u4e88\u60f3\u3092\u958b\u793a\u3057\u3001\u4e2d\u9593\u5e74\u5ea6\u306e\u6570\u5024\u306f\u5404\u5e74\u5ea6\u306e\u696d\u7e3e\u4e88\u60f3\u767a\u8868\u6642\u306b\u958b\u793a\u3059\u308b\u300d\u3068\u3044\u3046\u65b9\u5f0f\u306b\u5207\u308a\u66ff\u3048\u307e\u3057\u305f\u3002\u4e2d\u9593\u5e74\u5ea6\u306e\u56fa\u5b9a\u76ee\u6a19\u3092\u7f6e\u304f\u306e\u3092\u3084\u3081\u305f\u3001\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u305d\u3057\u3066\u2500\u2500\u3053\u3053\u304c\u672c\u8a18\u4e8b\u306e\u51fa\u767a\u70b9\u3067\u3059\u304c\u2500\u2500<strong>\u305d\u306e\u4e2d\u8a08\u3092\u767a\u8868\u3057\u3066\u304b\u3089\u308f\u305a\u304b3\u304b\u6708\u5f8c\u306e2026\u5e748\u67087\u65e5\u3001\u4f1a\u793e\u306f\u4eca\u671f\u306e\u58f2\u4e0a\u4e88\u60f3\u3092509\u5104\u5186\u306b\u5f15\u304d\u4e0a\u3052\u307e\u3057\u305f\u30022030\u5e74\u5ea6\u76ee\u6a19\u306e500\u5104\u5186\u3092\u3001\u521d\u5e74\u5ea6\u3067\u8d85\u3048\u3066\u3057\u307e\u3063\u305f\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u3002<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">3. 2027\u5e743\u6708\u671f \u7b2c1\u56db\u534a\u671f\uff082026\u5e744\u301c6\u6708\uff09\u306e\u6c7a\u7b97\u30cf\u30a4\u30e9\u30a4\u30c8<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">2026\u5e748\u67087\u65e5\u767a\u8868\u306e\u7b2c1\u56db\u534a\u671f\u6c7a\u7b97\u77ed\u4fe1\u304b\u3089\u306e\u8ee2\u8a18\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\u5e743\u6708\u671f1Q<\/th><th>2026\u5e743\u6708\u671f1Q<\/th><th>\u5897\u6e1b\u7387<\/th><\/tr><\/thead><tbody><tr><td>\u58f2\u4e0a\u9ad8<\/td><td>115\u510436\u767e\u4e07\u5186<\/td><td>72\u510412\u767e\u4e07\u5186<\/td><td>+59.9%<\/td><\/tr><tr><td>\u58f2\u4e0a\u7dcf\u5229\u76ca<\/td><td>14\u510457\u767e\u4e07\u5186<\/td><td>8\u510430\u767e\u4e07\u5186<\/td><td>+75.5%<\/td><\/tr><tr><td>\u58f2\u4e0a\u7dcf\u5229\u76ca\u7387<\/td><td>12.63%<\/td><td>11.51%<\/td><td>+1.12pt<\/td><\/tr><tr><td>\u8ca9\u58f2\u8cbb\u53ca\u3073\u4e00\u822c\u7ba1\u7406\u8cbb<\/td><td>8\u510466\u767e\u4e07\u5186<\/td><td>7\u510447\u767e\u4e07\u5186<\/td><td>+15.9%<\/td><\/tr><tr><td>\u55b6\u696d\u5229\u76ca<\/td><td>5\u510490\u767e\u4e07\u5186<\/td><td>0\u510482\u767e\u4e07\u5186<\/td><td>+612.5%<\/td><\/tr><tr><td>\u7d4c\u5e38\u5229\u76ca<\/td><td>5\u510497\u767e\u4e07\u5186<\/td><td>0\u510483\u767e\u4e07\u5186<\/td><td>+612.9%<\/td><\/tr><tr><td>\u89aa\u4f1a\u793e\u682a\u4e3b\u306b\u5e30\u5c5e\u3059\u308b\u56db\u534a\u671f\u7d14\u5229\u76ca<\/td><td>3\u510463\u767e\u4e07\u5186<\/td><td>0\u510446\u767e\u4e07\u5186<\/td><td>+673.4%<\/td><\/tr><tr><td>1\u682a\u5f53\u305f\u308a\u56db\u534a\u671f\u7d14\u5229\u76ca<\/td><td>103.80\u5186<\/td><td>13.42\u5186<\/td><td>\u2014<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\u898b\u51fa\u3057\u306b\u306a\u308b\u306e\u306f\u300c\u55b6\u696d\u5229\u76ca7.1\u500d\u300d\u3067\u3059\u304c\u3001\u3053\u306e\u500d\u7387\u306b\u306f<strong>\u5206\u6bcd\u306e\u4e8b\u60c5<\/strong>\u304c\u5f37\u304f\u52b9\u3044\u3066\u3044\u307e\u3059\u3002\u524d\u5e74\u540c\u671f\uff082025\u5e744\u301c6\u6708\uff09\u306f\u55b6\u696d\u5229\u76ca82\u767e\u4e07\u5186\u3001\u55b6\u696d\u5229\u76ca\u73871.1%\u3067\u3001\u5f8c\u3067\u898b\u308b\u3068\u304a\u308a\u76f4\u8fd19\u56db\u534a\u671f\u3067\u3044\u3061\u3070\u3093\u5229\u76ca\u304c\u8584\u3044\u56db\u534a\u671f\u3067\u3057\u305f\u3002\u8c37\u3068\u6bd4\u3079\u305f\u500d\u7387\u306a\u306e\u3067\u5927\u304d\u304f\u51fa\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8ca1\u653f\u72b6\u614b\u3068\u30ad\u30e3\u30c3\u30b7\u30e5\u306e\u72b6\u6cc1\u306f\u6b21\u306e\u3068\u304a\u308a\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>2026\u5e746\u6708\u672b<\/th><th>2026\u5e743\u6708\u672b<\/th><th>\u5897\u6e1b<\/th><\/tr><\/thead><tbody><tr><td>\u7dcf\u8cc7\u7523<\/td><td>283\u510412\u767e\u4e07\u5186<\/td><td>250\u510481\u767e\u4e07\u5186<\/td><td>+32\u510431\u767e\u4e07\u5186<\/td><\/tr><tr><td>\u73fe\u91d1\u53ca\u3073\u9810\u91d1<\/td><td>107\u510421\u767e\u4e07\u5186<\/td><td>90\u510459\u767e\u4e07\u5186<\/td><td>+16\u510462\u767e\u4e07\u5186<\/td><\/tr><tr><td>\u5546\u54c1\u53ca\u3073\u88fd\u54c1<\/td><td>21\u510483\u767e\u4e07\u5186<\/td><td>14\u510406\u767e\u4e07\u5186<\/td><td>+7\u510476\u767e\u4e07\u5186<\/td><\/tr><tr><td>\u652f\u6255\u624b\u5f62\u53ca\u3073\u8cb7\u639b\u91d1<\/td><td>45\u510426\u767e\u4e07\u5186<\/td><td>36\u510428\u767e\u4e07\u5186<\/td><td>+8\u510497\u767e\u4e07\u5186<\/td><\/tr><tr><td>\u96fb\u5b50\u8a18\u9332\u50b5\u52d9<\/td><td>51\u510476\u767e\u4e07\u5186<\/td><td>32\u510421\u767e\u4e07\u5186<\/td><td>+19\u510455\u767e\u4e07\u5186<\/td><\/tr><tr><td>\u6709\u5229\u5b50\u8ca0\u50b5<\/td><td>29\u510422\u767e\u4e07\u5186<\/td><td>31\u510459\u767e\u4e07\u5186<\/td><td>\u25b32\u510437\u767e\u4e07\u5186<\/td><\/tr><tr><td>\u7d14\u8cc7\u7523<\/td><td>131\u510465\u767e\u4e07\u5186<\/td><td>127\u510461\u767e\u4e07\u5186<\/td><td>+4\u510404\u767e\u4e07\u5186<\/td><\/tr><tr><td>\u81ea\u5df1\u8cc7\u672c\u6bd4\u7387<\/td><td>46.5%<\/td><td>50.9%<\/td><td>\u25b34.4pt<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\u81ea\u5df1\u8cc7\u672c\u6bd4\u7387\u304c4.4\u30dd\u30a4\u30f3\u30c8\u4e0b\u304c\u3063\u3066\u3044\u307e\u3059\u304c\u3001<strong>\u501f\u91d1\u304c\u5897\u3048\u305f\u308f\u3051\u3067\u306f\u3042\u308a\u307e\u305b\u3093<\/strong>\u3002\u6709\u5229\u5b50\u8ca0\u50b5\u306f\u3080\u3057\u308d2\u510437\u767e\u4e07\u5186\u6e1b\u3063\u3066\u3044\u307e\u3059\u3002\u4e0b\u304c\u3063\u305f\u7406\u7531\u306f\u3001\u8cb7\u5165\u50b5\u52d9\uff08\u652f\u6255\u624b\u5f62\u30fb\u8cb7\u639b\u91d1\uff0b\u96fb\u5b50\u8a18\u9332\u50b5\u52d9\uff09\u304c\u5408\u8a0828\u510452\u767e\u4e07\u5186\u5897\u3048\u3066\u5206\u6bcd\u306e\u7dcf\u8cc7\u7523\u304c\u81a8\u3089\u3093\u3060\u305f\u3081\u3067\u3059\u3002\u58f2\u4e0a\u304c6\u5272\u5897\u3048\u308c\u3070\u3001\u305d\u306e\u5206\u306e\u4ed5\u5165\u308c\u3082\u5897\u3048\u3001\u4ed5\u5165\u4ee3\u91d1\u306e\u672a\u6255\u3044\u6b8b\u9ad8\u3082\u5897\u3048\u307e\u3059\u3002\u3053\u308c\u306f\u300c\u8cfc\u8cb7\u90e8\u3092\u9810\u304b\u3063\u3066\u3044\u308b\u4f1a\u793e\u300d\u306e\u5bbf\u547d\u306e\u3088\u3046\u306a\u3082\u306e\u3067\u3001\u5546\u58f2\u304c\u4f38\u3073\u308b\u307b\u3069\u81ea\u5df1\u8cc7\u672c\u6bd4\u7387\u306f\u4e0b\u304c\u308a\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\u7b2c1\u56db\u534a\u671f\u306b\u30ad\u30e3\u30c3\u30b7\u30e5\u30fb\u30d5\u30ed\u30fc\u8a08\u7b97\u66f8\u306f\u306a\u3044<\/strong> \u65e5\u672c\u57fa\u6e96\u3067\u306f\u3001\u7b2c1\u56db\u534a\u671f\u3068\u7b2c3\u56db\u534a\u671f\u306f\u56db\u534a\u671f\u9023\u7d50\u30ad\u30e3\u30c3\u30b7\u30e5\u30fb\u30d5\u30ed\u30fc\u8a08\u7b97\u66f8\u3092\u4f5c\u6210\u3057\u306a\u3044\u4f1a\u793e\u304c\u591a\u304f\u3001\u5185\u5916\u30c6\u30c3\u30af\u3082\u4f5c\u6210\u3057\u3066\u3044\u307e\u305b\u3093\u3002\u77ed\u4fe1\u306b\u306f\u6e1b\u4fa1\u511f\u5374\u8cbb\u3060\u3051\u304c\u6ce8\u8a18\u3055\u308c\u3066\u304a\u308a\u3001\u5f53\u7b2c1\u56db\u534a\u671f\u306f97\u767e\u4e07\u5186\uff08\u524d\u5e74\u540c\u671f96\u767e\u4e07\u5186\uff09\u3067\u3059\u3002\u3057\u305f\u304c\u3063\u3066\u300c\u58f2\u4e0a\u304c6\u5272\u5897\u3048\u305f\u56db\u534a\u671f\u306b\u73fe\u91d1\u304c\u3069\u3046\u52d5\u3044\u305f\u304b\u300d\u306f\u3001\u3053\u306e\u6642\u70b9\u3067\u306f\u8cb8\u501f\u5bfe\u7167\u8868\u306e\u5897\u6e1b\u304b\u3089\u63a8\u6e2c\u3059\u308b\u3057\u304b\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n<\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\">\u306a\u304a\u3001\u73fe\u91d1\u53ca\u3073\u9810\u91d1\u304c16\u510462\u767e\u4e07\u5186\u5897\u3048\u3066107\u510421\u767e\u4e07\u5186\u306b\u306a\u3063\u3066\u304a\u308a\u3001\u6709\u5229\u5b50\u8ca0\u50b529\u510422\u767e\u4e07\u5186\u3092\u5dee\u3057\u5f15\u3044\u305f\u30cd\u30c3\u30c8\u30ad\u30e3\u30c3\u30b7\u30e5\u306f\u7d0478\u5104\u5186\u3067\u3059\u3002\u6642\u4fa1\u7dcf\u984d\uff082026\u5e749\u670818\u65e5\u7d42\u5024\u30d9\u30fc\u30b9\u3067\u7d04145\u5104\u5186\uff09\u306e\u534a\u5206\u5f37\u304c\u624b\u5143\u8cc7\u91d1\u3068\u3044\u3046\u8a08\u7b97\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">4. 9\u56db\u534a\u671f\u3092\u5dee\u3057\u5f15\u3044\u3066\u4e26\u3079\u308b\u2500\u2500\u300c7.1\u500d\u300d\u306e\u4e2d\u8eab<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">\u3053\u306e\u4f1a\u793e\u306e\u56db\u534a\u671f\u6c7a\u7b97\u77ed\u4fe1\u306f<strong>\u7d2f\u8a08\uff08\u671f\u521d\u304b\u3089\u306e\u5408\u8a08\uff09\u3067\u3057\u304b\u640d\u76ca\u3092\u958b\u793a\u3057\u307e\u305b\u3093<\/strong>\u3002\u305d\u306e\u305f\u3081\u300c\u305d\u306e3\u304b\u6708\u3060\u3051\u3067\u3044\u304f\u3089\u7a3c\u3044\u3060\u304b\u300d\u306f\u3001\u81ea\u5206\u3067\u5f15\u304d\u7b97\u3057\u306a\u3044\u3068\u51fa\u3066\u304d\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\u7d2f\u8a08\u958b\u793a\u3068\u300c\u5dee\u3057\u5f15\u304d\u300d<\/strong> \u7b2c2\u56db\u534a\u671f\u306e\u77ed\u4fe1\u306b\u8f09\u3063\u3066\u3044\u308b\u300c\u58f2\u4e0a\u9ad8\u300d\u306f4\u301c9\u6708\u306e6\u304b\u6708\u5408\u8a08\u3001\u7b2c3\u56db\u534a\u671f\u306f4\u301c12\u6708\u306e9\u304b\u6708\u5408\u8a08\u3067\u3059\u30027\u301c9\u6708\u3060\u3051\u306e\u6570\u5b57\u304c\u77e5\u308a\u305f\u3051\u308c\u3070\u3001\u7b2c2\u56db\u534a\u671f\u7d2f\u8a08\u304b\u3089\u7b2c1\u56db\u534a\u671f\u7d2f\u8a08\u3092\u5f15\u304d\u307e\u3059\u3002\u3053\u306e\u5f15\u304d\u7b97\u306f\u4ed6\u306e\u9298\u67c4\u3067\u3082\u305d\u306e\u307e\u307e\u4f7f\u3048\u308b\u306e\u3067\u3001\u899a\u3048\u3066\u304a\u304f\u3068\u6c7a\u7b97\u306e\u8aad\u307f\u65b9\u304c\u4e00\u6bb5\u6df1\u304f\u306a\u308a\u307e\u3059\u3002\u691c\u7b97\u306e\u65b9\u6cd5\u3082\u7c21\u5358\u3067\u3001<strong>4\u3064\u306e\u56db\u534a\u671f\u3092\u8db3\u3057\u3066\u901a\u671f\u306e\u958b\u793a\u5024\u3068\u4e00\u81f4\u3059\u308c\u3070\u3001\u5dee\u3057\u5f15\u304d\u306f\u6b63\u3057\u304f\u3067\u304d\u3066\u3044\u307e\u3059<\/strong>\u3002<\/p>\n<\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\">\u4ee5\u4e0b\u306f\u7b46\u8005\u304c\u5404\u56db\u534a\u671f\u306e\u77ed\u4fe1\u304b\u3089\u5dee\u3057\u5f15\u3044\u3066\u7b97\u51fa\u3057\u305f\u3001\u5358\u72ec\u56db\u534a\u671f\u30d9\u30fc\u30b9\u306e\u640d\u76ca\u3067\u3059\u30022025\u5e743\u6708\u671f\u30fb2026\u5e743\u6708\u671f\u3068\u3082\u30014\u56db\u534a\u671f\u306e\u5408\u8a08\u304c\u901a\u671f\u306e\u958b\u793a\u5024\u3068\u4e00\u81f4\u3059\u308b\u3053\u3068\u3092\u78ba\u8a8d\u3057\u3066\u3044\u307e\u3059\uff08\u58f2\u4e0a\u9ad8\u30fb\u58f2\u4e0a\u539f\u4fa1\u30fb\u58f2\u4e0a\u7dcf\u5229\u76ca\u30fb\u8ca9\u7ba1\u8cbb\u30fb\u55b6\u696d\u5229\u76ca\u306e\u5168\u79d1\u76ee\u3067\u4e00\u81f4\uff09\u3002\u307e\u305f\u3001\u4f1a\u793e\u304c\u7b2c1\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u8cc7\u6599\u306b\u63b2\u8f09\u3057\u3066\u3044\u308b\u56db\u534a\u671f\u5225\u306e\u68d2\u30b0\u30e9\u30d5\u306e\u6570\u5024\u3068\u3082\u4e00\u81f4\u3057\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\u56db\u534a\u671f<\/th><th>\u58f2\u4e0a\u9ad8<\/th><th>\u58f2\u4e0a\u7dcf\u5229\u76ca<\/th><th>\u58f2\u4e0a\u7dcf\u5229\u76ca\u7387<\/th><th>\u8ca9\u7ba1\u8cbb<\/th><th>\u8ca9\u7ba1\u8cbb\u7387<\/th><th>\u55b6\u696d\u5229\u76ca<\/th><th>\u55b6\u696d\u5229\u76ca\u7387<\/th><\/tr><\/thead><tbody><tr><td>2025\/3\u671f 1Q\uff0824\u5e744\u301c6\u6708\uff09<\/td><td>81\u510415\u767e\u4e07\u5186<\/td><td>9\u510443\u767e\u4e07\u5186<\/td><td>11.6%<\/td><td>7\u510433\u767e\u4e07\u5186<\/td><td>9.0%<\/td><td>2\u510410\u767e\u4e07\u5186<\/td><td>2.6%<\/td><\/tr><tr><td>2025\/3\u671f 2Q\uff0824\u5e747\u301c9\u6708\uff09<\/td><td>80\u510446\u767e\u4e07\u5186<\/td><td>9\u510489\u767e\u4e07\u5186<\/td><td>12.3%<\/td><td>7\u510477\u767e\u4e07\u5186<\/td><td>9.7%<\/td><td>2\u510412\u767e\u4e07\u5186<\/td><td>2.6%<\/td><\/tr><tr><td>2025\/3\u671f 3Q\uff0824\u5e7410\u301c12\u6708\uff09<\/td><td>100\u510469\u767e\u4e07\u5186<\/td><td>13\u510459\u767e\u4e07\u5186<\/td><td>13.5%<\/td><td>7\u510480\u767e\u4e07\u5186<\/td><td>7.7%<\/td><td>5\u510479\u767e\u4e07\u5186<\/td><td>5.8%<\/td><\/tr><tr><td>2025\/3\u671f 4Q\uff0825\u5e741\u301c3\u6708\uff09<\/td><td>91\u510406\u767e\u4e07\u5186<\/td><td>13\u510427\u767e\u4e07\u5186<\/td><td>14.6%<\/td><td>7\u510478\u767e\u4e07\u5186<\/td><td>8.5%<\/td><td>5\u510449\u767e\u4e07\u5186<\/td><td>6.0%<\/td><\/tr><tr><td>2026\/3\u671f 1Q\uff0825\u5e744\u301c6\u6708\uff09<\/td><td>72\u510412\u767e\u4e07\u5186<\/td><td>8\u510430\u767e\u4e07\u5186<\/td><td>11.5%<\/td><td>7\u510447\u767e\u4e07\u5186<\/td><td>10.4%<\/td><td>0\u510482\u767e\u4e07\u5186<\/td><td>1.1%<\/td><\/tr><tr><td>2026\/3\u671f 2Q\uff0825\u5e747\u301c9\u6708\uff09<\/td><td>80\u510427\u767e\u4e07\u5186<\/td><td>11\u510410\u767e\u4e07\u5186<\/td><td>13.8%<\/td><td>7\u510406\u767e\u4e07\u5186<\/td><td>8.8%<\/td><td>4\u510404\u767e\u4e07\u5186<\/td><td>5.0%<\/td><\/tr><tr><td>2026\/3\u671f 3Q\uff0825\u5e7410\u301c12\u6708\uff09<\/td><td>77\u510473\u767e\u4e07\u5186<\/td><td>10\u510426\u767e\u4e07\u5186<\/td><td>13.2%<\/td><td>7\u510429\u767e\u4e07\u5186<\/td><td>9.4%<\/td><td>2\u510497\u767e\u4e07\u5186<\/td><td>3.8%<\/td><\/tr><tr><td>2026\/3\u671f 4Q\uff0826\u5e741\u301c3\u6708\uff09<\/td><td>96\u510400\u767e\u4e07\u5186<\/td><td>14\u510473\u767e\u4e07\u5186<\/td><td>15.3%<\/td><td>8\u510455\u767e\u4e07\u5186<\/td><td>8.9%<\/td><td>6\u510417\u767e\u4e07\u5186<\/td><td>6.4%<\/td><\/tr><tr><td>2027\/3\u671f 1Q\uff0826\u5e744\u301c6\u6708\uff09<\/td><td>115\u510436\u767e\u4e07\u5186<\/td><td>14\u510457\u767e\u4e07\u5186<\/td><td>12.6%<\/td><td>8\u510466\u767e\u4e07\u5186<\/td><td>7.5%<\/td><td>5\u510490\u767e\u4e07\u5186<\/td><td>5.1%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\u3053\u306e\u8868\u304b\u3089\u306f\u3001\u898b\u51fa\u3057\u3060\u3051\u3067\u306f\u7d76\u5bfe\u306b\u898b\u3048\u306a\u3044\u4e8b\u5b9f\u304c3\u3064\u51fa\u3066\u304d\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>(1) \u76f4\u524d\u306e\u56db\u534a\u671f\uff082026\u5e741\u301c3\u6708\uff09\u3068\u6bd4\u3079\u308b\u3068\u3001\u55b6\u696d\u5229\u76ca\u306f\u6e1b\u3063\u3066\u3044\u308b\u3002<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">2026\u5e741\u301c3\u6708\u306e\u55b6\u696d\u5229\u76ca\u306f6\u510417\u767e\u4e07\u5186\u3001\u4eca\u56de\u306e4\u301c6\u6708\u306f5\u510490\u767e\u4e07\u5186\u3067\u3059\u3002\u58f2\u4e0a\u306f96\u510400\u767e\u4e07\u5186\u304b\u3089115\u510436\u767e\u4e07\u5186\u307820.2%\u5897\u3048\u3066\u3044\u308b\u306e\u306b\u3001\u55b6\u696d\u5229\u76ca\u306f4.3%\u6e1b\u308a\u307e\u3057\u305f\u3002\u300c\u524d\u5e74\u540c\u671f\u6bd47.1\u500d\u300d\u3068\u300c\u524d\u56db\u534a\u671f\u6bd44.3%\u6e1b\u300d\u306f\u3001\u540c\u3058\u56db\u534a\u671f\u306b\u3064\u3044\u3066\u306e\u3001\u3069\u3061\u3089\u3082\u6b63\u3057\u3044\u8a18\u8ff0\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>(2) \u7406\u7531\u306f\u7c97\u5229\u7387\u306b\u3042\u308b\u3002<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u58f2\u4e0a\u7dcf\u5229\u76ca\u7387\u304c15.3%\u304b\u308912.6%\u30782.71\u30dd\u30a4\u30f3\u30c8\u843d\u3061\u3066\u3044\u307e\u3059\u3002\u58f2\u4e0a\u304c19\u510435\u767e\u4e07\u5186\u5897\u3048\u305f\u306e\u306b\u3001\u58f2\u4e0a\u7dcf\u5229\u76ca\u306f14\u510473\u767e\u4e07\u5186\u304b\u308914\u510457\u767e\u4e07\u5186\u307816\u767e\u4e07\u5186\u300c\u6e1b\u3063\u305f\u300d\u3002\u3053\u306e\u4e0d\u601d\u8b70\u306a\u52d5\u304d\u306f\u3001\u6b21\u306e\u3088\u3046\u306b\u5206\u89e3\u3067\u304d\u307e\u3059\u3002<\/p>\n\n\n\n<pre class=\"wp-block-code\"><code>\u6570\u91cf\u52b9\u679c \uff1d \u58f2\u4e0a\u5897\u52a0\u984d 19\u510435\u767e\u4e07\u5186 \u00d7 \u524d\u56db\u534a\u671f\u306e\u7c97\u5229\u7387 15.35%  \uff1d \uff0b2\u510497\u767e\u4e07\u5186\n\u7387\u52b9\u679c   \uff1d \u5f53\u56db\u534a\u671f\u306e\u58f2\u4e0a 115\u510436\u767e\u4e07\u5186 \u00d7 \u7c97\u5229\u7387\u306e\u5dee \u25b32.71pt \uff1d \u25b33\u510413\u767e\u4e07\u5186\n\u5408\u8a08     \uff1d \u25b316\u767e\u4e07\u5186\uff08\u5b9f\u969b\u306e\u58f2\u4e0a\u7dcf\u5229\u76ca\u306e\u6e1b\u5c11\u984d\u3068\u4e00\u81f4\uff09<\/code><\/pre>\n\n\n\n<p class=\"wp-block-paragraph\">\u3064\u307e\u308a\u3001<strong>\u58f2\u4e0a\u304c2\u5272\u5897\u3048\u3066\u7a3c\u3044\u3060\u7c97\u52293\u5104\u5186\u5f31\u3092\u3001\u7c97\u5229\u7387\u306e2.7\u30dd\u30a4\u30f3\u30c8\u4f4e\u4e0b\u304c\u5168\u90e8\u98df\u3044\u6f70\u3057\u305f<\/strong>\u3068\u3044\u3046\u69cb\u56f3\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u306a\u304a\u3001\u3053\u306e\u7c97\u5229\u7387\u4f4e\u4e0b\u306b\u306f\u4f1a\u793e\u81ea\u8eab\u306e\u8aac\u660e\u304c\u3042\u308a\u307e\u3059\u3002\u6c7a\u7b97\u8aac\u660e\u8cc7\u6599\u306b\u306f\u300c\u524d4Q\u306b\u8a08\u4e0a\u3055\u308c\u305f\u8ca9\u58f2\u5831\u5968\u91d1\u304b\u3089\u524d4Q\u3068\u6bd4\u3079\u6e1b\u76ca\u306b\u306a\u308b\u3082\u3001\u524d1Q\u6bd4\u3067\u5927\u5e45\u306b\u5897\u76ca\u300d\u300c\u58f2\u4e0a\u7dcf\u5229\u76ca\u7387\u306f\u30014Q\u306e\u7279\u5225\u8981\u56e0\uff08\u8ca9\u58f2\u5831\u5968\u91d1\uff09\u3092\u9664\u304d\u3001\u4e00\u5b9a\u306e\u6c34\u6e96\u3067\u63a8\u79fb\u300d\u3068\u3042\u308a\u307e\u3059\u3002\u8ca9\u58f2\u5831\u5968\u91d1\uff08\u4ed5\u5165\u5148\u304b\u3089\u4e00\u5b9a\u306e\u8ca9\u58f2\u91cf\u3092\u9054\u6210\u3057\u305f\u3068\u304d\u306b\u53d7\u3051\u53d6\u308b\u30ea\u30d9\u30fc\u30c8\uff09\u304c1\u301c3\u6708\u306b\u96c6\u4e2d\u3057\u305f\u305f\u3081\u3001\u305d\u306e\u56db\u534a\u671f\u306e\u7c97\u5229\u738715.3%\u306f\u9ad8\u3081\u306b\u51fa\u3066\u3044\u305f\u3001\u3068\u3044\u3046\u8aac\u660e\u3067\u3059\u3002\u3053\u308c\u306f\u958b\u793a\u306b\u66f8\u304b\u308c\u3066\u3044\u308b\u4e8b\u5b9f\u306a\u306e\u3067\u3001\u305d\u306e\u307e\u307e\u53d7\u3051\u53d6\u3063\u3066\u3088\u3044\u3068\u601d\u3044\u307e\u3059\u3002\u305f\u3060\u3057\u3001<strong>\u300c\u4e00\u5b9a\u306e\u6c34\u6e96\u300d\u3068\u3055\u308c\u308b11.5\u301c13.8%\u306e\u30ec\u30f3\u30b8\u306e\u306a\u304b\u3067\u3082\u3001\u4eca\u56de\u306e12.6%\u306f\u771f\u3093\u4e2d\u3088\u308a\u3084\u3084\u4e0b<\/strong>\u3067\u3042\u308b\u3053\u3068\u306f\u3001\u8868\u3092\u898b\u308c\u3070\u5206\u304b\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>(3) \u55b6\u696d\u5229\u76ca\u3092\u62bc\u3057\u4e0a\u3052\u305f\u306e\u306f\u8ca9\u7ba1\u8cbb\u7387\u306e\u4f4e\u4e0b\u3002<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8ca9\u7ba1\u8cbb\u306f8\u510455\u767e\u4e07\u5186\u304b\u30898\u510466\u767e\u4e07\u5186\u30781.2%\u3057\u304b\u5897\u3048\u3066\u3044\u307e\u305b\u3093\u3002\u58f2\u4e0a\u304c20.2%\u5897\u3048\u305f\u306e\u3067\u3001\u8ca9\u7ba1\u8cbb\u7387\u306f8.9%\u304b\u30897.5%\u30781.4\u30dd\u30a4\u30f3\u30c8\u4e0b\u304c\u308a\u307e\u3057\u305f\u3002\u3053\u306e7.5%\u306f\u8868\u306e9\u56db\u534a\u671f\u306e\u306a\u304b\u3067\u6700\u3082\u4f4e\u3044\u6c34\u6e96\u3067\u3059\u3002\u4eba\u4ef6\u8cbb\u4e2d\u5fc3\u306e\u56fa\u5b9a\u8cbb\u306f\u56db\u534a\u671f\u5358\u4f4d\u3067\u306f\u7c21\u5358\u306b\u306f\u52d5\u304b\u306a\u3044\u306e\u3067\u3001\u58f2\u4e0a\u304c\u5897\u3048\u305f\u5206\u3060\u3051\u307e\u308b\u3054\u3068\u5229\u76ca\u306b\u306a\u308a\u307e\u3059\u3002<strong>\u4eca\u56de\u306e\u55b6\u696d\u5229\u76ca\u73875.1%\u306f\u3001\u7c97\u5229\u7387\u306e\u4f4e\u4e0b\u3092\u8ca9\u7ba1\u8cbb\u7387\u306e\u4f4e\u4e0b\u304c\u4e0a\u56de\u3063\u305f\u7d50\u679c<\/strong>\u3001\u3068\u3044\u3046\u8aad\u307f\u65b9\u304c\u6210\u308a\u7acb\u3061\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\u56db\u534a\u671f\u306e\u55b6\u696d\u5229\u76ca\u3092\u300c4\u500d\u300d\u3057\u3066\u306f\u3044\u3051\u306a\u3044<\/strong> \u4e0a\u306e\u8868\u3092\u898b\u308c\u3070\u5206\u304b\u308b\u3068\u304a\u308a\u3001\u3053\u306e\u4f1a\u793e\u306e\u5358\u72ec\u56db\u534a\u671f\u306e\u55b6\u696d\u5229\u76ca\u306f0\u510482\u767e\u4e07\u5186\u304b\u30896\u510417\u767e\u4e07\u5186\u307e\u30677\u500d\u4ee5\u4e0a\u306e\u30ec\u30f3\u30b8\u3067\u52d5\u304d\u307e\u3059\u3002\u7b2c1\u56db\u534a\u671f\u306e5\u510490\u767e\u4e07\u5186\u30924\u500d\u3057\u3066\u300c\u5e74\u959324\u5104\u5186\u30da\u30fc\u30b9\u300d\u3068\u8aad\u3080\u306e\u306f\u3001\u524d\u5e74\u306e\u7b2c1\u56db\u534a\u671f0\u510482\u767e\u4e07\u5186\u30924\u500d\u3057\u3066\u300c\u5e74\u95933\u5104\u5186\u306e\u4f1a\u793e\u300d\u3068\u8aad\u3080\u306e\u3068\u540c\u3058\u304f\u3089\u3044\u7684\u5916\u308c\u3067\u3059\u3002\u5b63\u7bc0\u6027\u3068\u53d7\u6ce8\u30bf\u30a4\u30df\u30f3\u30b0\u306e\u4e21\u65b9\u304c\u52b9\u304f\u305f\u3081\u3001\u901a\u671f\u306f\u4f1a\u793e\u4e88\u60f3\u3068\u53d7\u6ce8\u6b8b\u9ad8\u304b\u3089\u8003\u3048\u308b\u307b\u3046\u304c\u7d20\u76f4\u3067\u3059\u3002<\/p>\n<\/blockquote>\n\n\n\n<h2 class=\"wp-block-heading\">5. \u30bb\u30b0\u30e1\u30f3\u30c8\u5225\u306b\u898b\u308b\u3068\u4f55\u304c\u8d77\u304d\u3066\u3044\u308b\u304b<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">5-1. \u7b2c1\u56db\u534a\u671f\u306e\u30bb\u30b0\u30e1\u30f3\u30c8\u5b9f\u7e3e<\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\u30bb\u30b0\u30e1\u30f3\u30c8<\/th><th>\u58f2\u4e0a\u9ad8\uff08\u9023\u7d50\u8abf\u6574\u524d\uff09<\/th><th>\u524d\u5e74\u540c\u671f\u6bd4<\/th><th>\u30bb\u30b0\u30e1\u30f3\u30c8\u5229\u76ca<\/th><th>\u524d\u5e74\u540c\u671f<\/th><th>\u5229\u76ca\u7387<\/th><\/tr><\/thead><tbody><tr><td>\u8ca9\u58f2\u4e8b\u696d<\/td><td>102\u510499\u767e\u4e07\u5186<\/td><td>+65.1%<\/td><td>3\u510468\u767e\u4e07\u5186<\/td><td>\u25b30\u510426\u767e\u4e07\u5186\uff08\u640d\u5931\uff09<\/td><td>3.58%<\/td><\/tr><tr><td>\u53d7\u8a17\u88fd\u9020\u4e8b\u696d<\/td><td>19\u510467\u767e\u4e07\u5186<\/td><td>+33.7%<\/td><td>1\u510479\u767e\u4e07\u5186<\/td><td>+167.7%<\/td><td>9.10%<\/td><\/tr><tr><td>\u8abf\u6574\u984d<\/td><td>\u25b37\u510430\u767e\u4e07\u5186<\/td><td>\u2014<\/td><td>\uff0b0\u510443\u767e\u4e07\u5186<\/td><td>\u2014<\/td><td>\u2014<\/td><\/tr><tr><td>\u9023\u7d50<\/td><td>115\u510436\u767e\u4e07\u5186<\/td><td>+59.9%<\/td><td>5\u510490\u767e\u4e07\u5186<\/td><td>+612.5%<\/td><td>5.12%<\/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\u30bb\u30b0\u30e1\u30f3\u30c8\u9593\u306e\u5185\u90e8\u58f2\u4e0a\u3068\u8abf\u6574\u984d<\/strong> \u8ca9\u58f2\u4e8b\u696d\u3068\u53d7\u8a17\u88fd\u9020\u4e8b\u696d\u306e\u3042\u3044\u3060\u3067\u306f\u3001\u30b0\u30eb\u30fc\u30d7\u5185\u306e\u53d6\u5f15\uff08\u305f\u3068\u3048\u3070\u8ca9\u58f2\u4e8b\u696d\u304c\u4ed5\u5165\u308c\u305f\u90e8\u54c1\u3092\u53d7\u8a17\u88fd\u9020\u4e8b\u696d\u304c\u7d44\u7acb\u306b\u4f7f\u3046\uff09\u304c\u767a\u751f\u3057\u307e\u3059\u3002\u30bb\u30b0\u30e1\u30f3\u30c8\u3054\u3068\u306e\u58f2\u4e0a\u306b\u306f\u3053\u308c\u304c\u542b\u307e\u308c\u3066\u3044\u308b\u305f\u3081\u3001\u9023\u7d50\u5168\u4f53\u306e\u58f2\u4e0a\u3092\u3064\u304f\u308b\u3068\u304d\u306b\u76f8\u6bba\u6d88\u53bb\u3057\u307e\u3059\u3002\u5f53\u7b2c1\u56db\u534a\u671f\u306e\u6d88\u53bb\u984d\u306f7\u510430\u767e\u4e07\u5186\u3067\u3001\u30bb\u30b0\u30e1\u30f3\u30c8\u58f2\u4e0a\u5408\u8a08\u306e6.0%\u306b\u3042\u305f\u308a\u307e\u3059\u3002\u30bb\u30b0\u30e1\u30f3\u30c8\u5229\u76ca\u306e\u8abf\u6574\u984d\uff0b0\u510443\u767e\u4e07\u5186\u306f\u3001\u5404\u30bb\u30b0\u30e1\u30f3\u30c8\u304c\u8ca0\u62c5\u3059\u308b\u55b6\u696d\u8cbb\u7528\u304a\u3088\u3073\u55b6\u696d\u5916\u53ce\u76ca\u306e\u6d88\u53bb\u5dee\u7570\u7b49\u3067\u3042\u308b\u65e8\u304c\u77ed\u4fe1\u306b\u6ce8\u8a18\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n<\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\">\u8ca9\u58f2\u4e8b\u696d\u304c\u524d\u5e74\u540c\u671f\u306e\u30bb\u30b0\u30e1\u30f3\u30c8\u640d\u593126\u767e\u4e07\u5186\u304b\u30893\u510468\u767e\u4e07\u5186\u306e\u9ed2\u5b57\u3078\u8ee2\u3058\u305f\u306e\u304c\u3001\u9023\u7d50\u306e\u55b6\u696d\u5229\u76ca\u304c7.1\u500d\u306b\u306a\u3063\u305f\u6700\u5927\u306e\u8981\u56e0\u3067\u3059\u3002\u4e00\u65b9\u3001<strong>\u5229\u76ca\u7387\u3067\u898b\u308b\u3068\u53d7\u8a17\u88fd\u9020\u4e8b\u696d\uff089.10%\uff09\u304c\u8ca9\u58f2\u4e8b\u696d\uff083.58%\uff09\u306e2.5\u500d<\/strong>\u3067\u3042\u308b\u3053\u3068\u306f\u5909\u308f\u308a\u307e\u305b\u3093\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f1a\u793e\u306e\u8aac\u660e\u8cc7\u6599\u306b\u3088\u308c\u3070\u3001\u30bb\u30b0\u30e1\u30f3\u30c8\u5229\u76ca\u7387\u306f\u76f4\u524d\u306e\u56db\u534a\u671f\u3068\u6bd4\u3079\u308b\u3068\u4e21\u65b9\u3068\u3082\u4e0b\u304c\u3063\u3066\u3044\u307e\u3059\uff08\u8ca9\u58f2\u4e8b\u696d4.5%\u21923.6%\u3001\u53d7\u8a17\u88fd\u9020\u4e8b\u696d11.0%\u21929.1%\uff09\u3002\u53d7\u8a17\u88fd\u9020\u4e8b\u696d\u306b\u3064\u3044\u3066\u306f\u300c\u4eca\u5f8c\u306e\u5897\u7523\u306b\u5411\u3051\u305f\u30ad\u30e3\u30d1\u30b7\u30c6\u30a3\u78ba\u4fdd\u306e\u5148\u884c\u6295\u8cc7\u306b\u3088\u308a\u3001\u524d4Q\u306b\u6bd4\u3079\u6e1b\u76ca\u300d\u3068\u8aac\u660e\u3055\u308c\u3066\u3044\u307e\u3059\u30025\u6708\u306b\u4ed9\u53f0\u7b2c\u4e8c\u5de5\u5834\u3092\u65b0\u8a2d\u3057\u3066\u751f\u7523\u30a8\u30ea\u30a2\u30922\u500d\u306b\u3057\u3001\u5bae\u57ce\u7269\u6d41\u30bb\u30f3\u30bf\u30fc\u3092\u79fb\u8ee2\u3057\u30661.5\u500d\u306b\u5897\u5e8a\u3057\u3066\u3044\u308b\u306e\u3067\u3001\u305d\u306e\u8cbb\u7528\u304c\u5148\u306b\u51fa\u3066\u3044\u308b\u5f62\u3067\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">5-2. \u53d7\u6ce8\u9ad8\u3068\u53d7\u6ce8\u6b8b\u9ad8\u2500\u2500\u901a\u671f\u4e88\u60f3\u3092\u652f\u3048\u3066\u3044\u308b\u6570\u5b57<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u3053\u306e\u4f1a\u793e\u306f\u6c7a\u7b97\u77ed\u4fe1\u306e\u300c\u88dc\u8db3\u60c5\u5831\u300d\u306b\u53d7\u6ce8\u5b9f\u7e3e\u3092\u958b\u793a\u3057\u3066\u3044\u307e\u3059\u3002\u5546\u793e\u30fb\u53d7\u8a17\u88fd\u9020\u306e\u4f1a\u793e\u3067\u306f\u3001\u3053\u3053\u304c\u58f2\u4e0a\u306e\u5148\u884c\u6307\u6a19\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\u533a\u5206<\/th><th>\u524d\u671f\u672b \u53d7\u6ce8\u6b8b\u9ad8<\/th><th>\u5f531Q \u53d7\u6ce8\u9ad8<\/th><th>\u5f531Q\u672b \u53d7\u6ce8\u6b8b\u9ad8<\/th><\/tr><\/thead><tbody><tr><td>\u8ca9\u58f2\u4e8b\u696d<\/td><td>90\u510425\u767e\u4e07\u5186<\/td><td>126\u510487\u767e\u4e07\u5186<\/td><td>115\u510461\u767e\u4e07\u5186<\/td><\/tr><tr><td>\u53d7\u8a17\u88fd\u9020\u4e8b\u696d<\/td><td>2\u510476\u767e\u4e07\u5186<\/td><td>14\u510497\u767e\u4e07\u5186<\/td><td>3\u510487\u767e\u4e07\u5186<\/td><\/tr><tr><td>\u5408\u8a08<\/td><td>93\u510401\u767e\u4e07\u5186<\/td><td>141\u510484\u767e\u4e07\u5186<\/td><td>119\u510449\u767e\u4e07\u5186<\/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\u53d7\u6ce8\u9ad8\u30fb\u53d7\u6ce8\u6b8b\u9ad8\u30fb\u30d6\u30c3\u30af\u30c8\u30a5\u30d3\u30eb<\/strong> \u300c\u53d7\u6ce8\u9ad8\u300d\u306f\u305d\u306e\u671f\u9593\u306b\u65b0\u3057\u304f\u53d7\u3051\u305f\u6ce8\u6587\u306e\u91d1\u984d\u3001\u300c\u53d7\u6ce8\u6b8b\u9ad8\u300d\u306f\u307e\u3060\u58f2\u4e0a\u306b\u306a\u3063\u3066\u3044\u306a\u3044\u6ce8\u6587\u306e\u6b8b\u308a\u3067\u3059\u3002\u95a2\u4fc2\u306f\u3008\u671f\u9996\u53d7\u6ce8\u6b8b\u9ad8\uff0b\u53d7\u6ce8\u9ad8\u2212\u58f2\u4e0a\u9ad8\uff1d\u671f\u672b\u53d7\u6ce8\u6b8b\u9ad8\u3009\u3067\u3001\u3053\u306e\u4f1a\u793e\u306e\u5834\u5408\u3082\u691c\u7b97\u304c\u5408\u3044\u307e\u3059\u3002\u8ca9\u58f2\u4e8b\u696d\u306a\u3089 90\u510425\u767e\u4e07\u5186\uff0b126\u510487\u767e\u4e07\u5186\u2212115\u510461\u767e\u4e07\u5186\uff1d101\u510450\u767e\u4e07\u5186\u3068\u306a\u308a\u3001\u77ed\u4fe1\u306e\u30bb\u30b0\u30e1\u30f3\u30c8\u5916\u90e8\u58f2\u4e0a\u9ad8101\u510450\u767e\u4e07\u5186\u3068\u4e00\u81f4\u3057\u307e\u3059\uff08\u5343\u5186\u5358\u4f4d\u30671\u5343\u5186\u5dee\u3002\u767e\u4e07\u5186\u672a\u6e80\u5207\u6368\u3066\u306e\u4e38\u3081\u306b\u3088\u308b\u3082\u306e\u3067\u3059\uff09\u3002\u53d7\u6ce8\u9ad8\u00f7\u58f2\u4e0a\u9ad8\u3092\u300c\u30d6\u30c3\u30af\u30c8\u30a5\u30d3\u30eb\u30fb\u30ec\u30b7\u30aa\u300d\u3068\u547c\u3073\u30011\u3092\u8d85\u3048\u3066\u3044\u308c\u3070\u53d7\u6ce8\u6b8b\u304c\u7a4d\u307f\u4e0a\u304c\u3063\u3066\u3044\u308b\u3053\u3068\u3092\u610f\u5473\u3057\u307e\u3059\u3002<\/p>\n<\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\">\u5f53\u7b2c1\u56db\u534a\u671f\u306e\u30d6\u30c3\u30af\u30c8\u30a5\u30d3\u30eb\u306f 141\u510484\u767e\u4e07\u5186 \u00f7 115\u510436\u767e\u4e07\u5186 \uff1d <strong>1.23\u500d<\/strong>\u3002\u524d\u671f\uff082026\u5e743\u6708\u671f\uff09\u901a\u671f\u306f354\u510478\u767e\u4e07\u5186 \u00f7 326\u510414\u767e\u4e07\u5186 \uff1d 1.09\u500d\u3067\u3057\u305f\u304b\u3089\u3001\u53d7\u6ce8\u306e\u7a4d\u307f\u4e0a\u304c\u308a\u304c\u52a0\u901f\u3057\u3066\u3044\u307e\u3059\u3002\u53d7\u6ce8\u6b8b\u9ad8\u306f\u524d\u671f\u672b93\u510401\u767e\u4e07\u5186\u304b\u3089119\u510449\u767e\u4e07\u5186\u3078\u30013\u304b\u6708\u306728.5%\u5897\u3048\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f1a\u793e\u306e\u8aac\u660e\u8cc7\u6599\u306b\u8f09\u3063\u3066\u3044\u308b\u56db\u534a\u671f\u3054\u3068\u306e\u53d7\u6ce8\u9ad8\uff08\u8ca9\u58f2\u4e8b\u696d\uff09\u3092\u4e26\u3079\u308b\u3068\u3001\u56de\u5fa9\u306e\u89d2\u5ea6\u304c\u3088\u304f\u5206\u304b\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\u671f\u9593<\/th><th>\u8ca9\u58f2\u4e8b\u696d\u306e\u53d7\u6ce8\u9ad8<\/th><\/tr><\/thead><tbody><tr><td>2026\u5e743\u6708\u671f 1Q<\/td><td>53\u510450\u767e\u4e07\u5186<\/td><\/tr><tr><td>2026\u5e743\u6708\u671f 2Q<\/td><td>63\u510401\u767e\u4e07\u5186<\/td><\/tr><tr><td>2026\u5e743\u6708\u671f 3Q<\/td><td>84\u510431\u767e\u4e07\u5186<\/td><\/tr><tr><td>2026\u5e743\u6708\u671f 4Q<\/td><td>107\u510430\u767e\u4e07\u5186<\/td><\/tr><tr><td>2027\u5e743\u6708\u671f 1Q<\/td><td>126\u510487\u767e\u4e07\u5186<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">5\u56db\u534a\u671f\u9023\u7d9a\u3067\u5897\u3048\u3066\u3044\u307e\u3059\u3002\u76f4\u8fd1\u306e126\u510487\u767e\u4e07\u5186\u3092\u5358\u7d14\u306b4\u500d\u3059\u308c\u3070507\u5104\u5186\u3067\u3001\u8ca9\u58f2\u4e8b\u696d\u306e\u901a\u671f\u4e88\u60f3445\u510450\u767e\u4e07\u5186\uff08\u5f8c\u8ff0\uff09\u3092\u4e0a\u56de\u308a\u307e\u3059\u3002<strong>\u901a\u671f\u4e88\u60f3\u306e\u4e0a\u65b9\u4fee\u6b63\u306f\u3001\u3053\u306e\u53d7\u6ce8\u306e\u5b9f\u6e2c\u5024\u306b\u88cf\u6253\u3061\u3055\u308c\u3066\u3044\u308b<\/strong>\u3068\u8aad\u3080\u306e\u304c\u81ea\u7136\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4e00\u65b9\u3067\u3001\u901a\u671f\u4e88\u60f3\u3068\u306e\u8ddd\u96e2\u3082\u6e2c\u3063\u3066\u304a\u304d\u307e\u3059\u3002<\/p>\n\n\n\n<pre class=\"wp-block-code\"><code>\u901a\u671f\u58f2\u4e0a\u4e88\u60f3 509\u510400\u767e\u4e07\u5186 \u2212 1Q\u5b9f\u7e3e 115\u510436\u767e\u4e07\u5186 \uff1d \u6b8b\u308a 393\u510464\u767e\u4e07\u5186\n1Q\u672b\u306e\u53d7\u6ce8\u6b8b\u9ad8 119\u510449\u767e\u4e07\u5186 \u00f7 393\u510464\u767e\u4e07\u5186 \uff1d 30.4%<\/code><\/pre>\n\n\n\n<p class=\"wp-block-paragraph\">\u3064\u307e\u308a\u3001<strong>\u6b8b\u308a9\u304b\u6708\u306b\u5fc5\u8981\u306a\u58f2\u4e0a\u306e\u7d043\u5272\u306f\u3059\u3067\u306b\u53d7\u6ce8\u6e08\u307f\u3067\u3001\u6b8b\u308b7\u5272\u306f\u3053\u308c\u304b\u3089\u53d7\u6ce8\u3059\u308b\u3082\u306e<\/strong>\u3067\u3059\u3002\u3053\u306e\u6bd4\u7387\u3092\u3069\u3046\u898b\u308b\u304b\u306f\u3001\u5f8c\u8ff0\u3059\u308b\u300c\u682a\u4fa1\u306e\u898b\u65b9\u300d\u3067\u4e21\u8ad6\u4f75\u8a18\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">6. \u6df1\u6398\u308a\uff1a2030\u5e74\u306e\u58f2\u4e0a\u76ee\u6a19\u3092\u521d\u5e74\u5ea6\u3067\u8d85\u3048\u305f\u306e\u306b\u3001\u55b6\u696d\u5229\u76ca\u7387\u304c5%\u3067\u6b62\u307e\u308b\u7406\u7531<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">\u3053\u3053\u304c\u4eca\u56de\u306e\u6c7a\u7b97\u3067\u3044\u3061\u3070\u3093\u5206\u304b\u308a\u306b\u304f\u304f\u3001\u3044\u3061\u3070\u3093\u5927\u4e8b\u306a\u8ad6\u70b9\u3060\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">6-1. \u4f55\u304c\u8d77\u304d\u305f\u304b<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">2026\u5e745\u670815\u65e5\u3001\u4f1a\u793e\u306f\u4e2d\u671f\u7d4c\u55b6\u8a08\u753b\u300cMIRAI 2030\u300d\u30672030\u5e74\u5ea6\u306e\u58f2\u4e0a\u9ad8\u76ee\u6a19\u3092500\u5104\u5186\u4ee5\u4e0a\u3068\u5b9a\u3081\u307e\u3057\u305f\u3002\u540c\u3058\u65e5\u306b\u767a\u8868\u3057\u305f\u4eca\u671f\uff082027\u5e743\u6708\u671f\uff09\u306e\u4e88\u60f3\u306f406\u5104\u5186\u3067\u3057\u305f\u30025\u5e74\u304b\u3051\u3066406\u5104\u5186\u304b\u3089500\u5104\u5186\u3078\u3001\u3068\u3044\u3046\u7d75\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3068\u3053\u308d\u304c2026\u5e748\u67087\u65e5\u3001\u4f1a\u793e\u306f\u4eca\u671f\u4e88\u60f3\u3092<strong>509\u5104\u5186<\/strong>\u3078\u5f15\u304d\u4e0a\u3052\u307e\u3057\u305f\u3002\u4e2d\u8a08\u767a\u8868\u304b\u308984\u65e5\u5f8c\u306b\u30015\u5e74\u5f8c\u306e\u76ee\u6a19\u58f2\u4e0a\u3092\u8ffd\u3044\u8d8a\u3057\u305f\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\u6307\u6a19<\/th><th>2026\u5e743\u6708\u671f \u5b9f\u7e3e<\/th><th>2027\u5e743\u6708\u671f \u671f\u521d\u4e88\u60f3\uff085\u670815\u65e5\uff09<\/th><th>2027\u5e743\u6708\u671f \u4fee\u6b63\u4e88\u60f3\uff088\u67087\u65e5\uff09<\/th><th>MIRAI 2030 \u76ee\u6a19\uff082030\u5e74\u5ea6\uff09<\/th><\/tr><\/thead><tbody><tr><td>\u58f2\u4e0a\u9ad8<\/td><td>326\u510414\u767e\u4e07\u5186<\/td><td>406\u510400\u767e\u4e07\u5186<\/td><td>509\u510400\u767e\u4e07\u5186<\/td><td>500\u5104\u5186\u4ee5\u4e0a<\/td><\/tr><tr><td>\u55b6\u696d\u5229\u76ca<\/td><td>14\u510402\u767e\u4e07\u5186<\/td><td>15\u510400\u767e\u4e07\u5186<\/td><td>25\u510460\u767e\u4e07\u5186<\/td><td>35\u5104\u5186\uff08\u58f2\u4e0a500\u5104\u00d77%\uff09<\/td><\/tr><tr><td>\u55b6\u696d\u5229\u76ca\u7387<\/td><td>4.30%<\/td><td>3.69%<\/td><td>5.03%<\/td><td>7.0%<\/td><\/tr><tr><td>ROE<\/td><td>7.9%<\/td><td>7.6%<\/td><td>\u7d0412.3%\uff08\u7b46\u8005\u306e\u6982\u7b97\uff09<\/td><td>12.5%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\u8868\u306e\u53f32\u5217\u3092\u898b\u6bd4\u3079\u3066\u304f\u3060\u3055\u3044\u3002<strong>\u58f2\u4e0a\u9ad8\u306f101.8%\u3001ROE\u306f98%\u3042\u307e\u308a\u3068\u30012030\u5e74\u5ea6\u306e\u76ee\u6a19\u6c34\u6e96\u306b\u3059\u3067\u306b\u5c4a\u304f\u8a08\u7b97\u306b\u306a\u308a\u307e\u3059\u3002\u5c4a\u3044\u3066\u3044\u306a\u3044\u306e\u306f\u55b6\u696d\u5229\u76ca\u7387\u3060\u3051<\/strong>\u3067\u3059\u30025.03%\u5bfe7.0%\u3001\u5dee\u306f1.97\u30dd\u30a4\u30f3\u30c8\u3002\u91d1\u984d\u306b\u3059\u308b\u3068\u3001\u58f2\u4e0a509\u5104\u5186\u3067\u55b6\u696d\u5229\u76ca\u73877.0%\u306a\u308935\u510463\u767e\u4e07\u5186\u3067\u3059\u304b\u3089\u3001\u4e88\u60f3\u306e25\u510460\u767e\u4e07\u5186\u3068\u306e\u5dee\u306f\u7d0410\u5104\u5186\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">ROE\u306e\u6982\u7b97\u6839\u62e0\u3082\u66f8\u3044\u3066\u304a\u304d\u307e\u3059\u3002\u4f1a\u793e\u306f8\u67087\u65e5\u306e\u958b\u793a\u3067\u3001\u4eca\u671f\u306e\u914d\u5f53\u3092144\u5186\u3068\u3057\u305f\u3046\u3048\u3067\u300c\u9023\u7d50\u914d\u5f53\u6027\u541130.0\uff05 \u9023\u7d50\u682a\u4e3b\u8cc7\u672c\u914d\u5f53\u73873.7\uff05\u300d\u3068\u3057\u3066\u3044\u307e\u3059\u30021\u682a144\u5186\u00d7\u671f\u672b\u682a\u6570\uff08\u81ea\u5df1\u682a\u63a7\u9664\u5f8c3,503,887\u682a\uff09\uff1d\u7d045\u510404\u767e\u4e07\u5186\u304c\u914d\u5f53\u7dcf\u984d\u3067\u3001\u3053\u308c\u304cDOE3.7%\u306b\u76f8\u5f53\u3059\u308b\u306a\u3089\u5206\u6bcd\u306e\u682a\u4e3b\u8cc7\u672c\u306f\u7d04136\u5104\u5186\u3002\u7d14\u5229\u76ca\u4e88\u60f316\u510480\u767e\u4e07\u5186\u3092\u3053\u308c\u3067\u5272\u308b\u306812.3%\u3067\u3059\u3002\u76ee\u6a19\u306e12.5%\u3068\u307b\u307c\u540c\u3058\u6c34\u6e96\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">6-2. \u306a\u305c\u55b6\u696d\u5229\u76ca\u7387\u3060\u3051\u304c\u52d5\u304b\u306a\u3044\u306e\u304b<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f1a\u793e\u306f\u4e2d\u8a08\u8cc7\u6599\u306e\u306a\u304b\u3067\u3001\u8ab2\u984c\u3068\u3057\u3066\u3053\u3046\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\">\u65e2\u5b58\u30e2\u30c7\u30eb\u3067\u306f\u55b6\u696d\u5229\u76ca\u73875%\u304c\u9650\u754c<\/p>\n<\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\">\u305d\u3057\u3066\u4eca\u671f\u306e\u4fee\u6b63\u4e88\u60f3\u306e\u55b6\u696d\u5229\u76ca\u7387\u306f<strong>5.03%<\/strong>\u3002\u4f1a\u793e\u304c\u81ea\u5206\u3067\u300c\u9650\u754c\u300d\u3068\u540d\u6307\u3057\u3057\u305f\u6570\u5b57\u306b\u3001\u3074\u305f\u308a\u3068\u5f35\u308a\u4ed8\u3044\u3066\u3044\u307e\u3059\u3002\u5076\u7136\u306e\u4e00\u81f4\u304b\u3082\u3057\u308c\u307e\u305b\u3093\u304c\u3001\u69cb\u9020\u3092\u898b\u308b\u3068\u5076\u7136\u3068\u3082\u8a00\u3044\u5207\u308c\u307e\u305b\u3093\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u7406\u7531\u306f\u3001<strong>\u5897\u53ce\u304c\u300c\u4f4e\u63a1\u7b97\u306e\u4e8b\u696d\u300d\u306b\u504f\u3063\u3066\u3044\u308b\u304b\u3089<\/strong>\u3067\u3059\u3002\u524d\u63b2\u306e5\u4e8b\u696d\u5225\u306e\u69cb\u6210\u6bd4\u3092\u3082\u3046\u4e00\u5ea6\u30012030\u5e74\u5ea6\u76ee\u6a19\u3068\u4e26\u3079\u3066\u307f\u307e\u3059\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\u4e8b\u696d<\/th><th>2026\u5e743\u6708\u671f \u69cb\u6210\u6bd4<\/th><th>2027\u5e743\u6708\u671f1Q \u69cb\u6210\u6bd4<\/th><th>MIRAI 2030\u306e\u76ee\u6a19\u69cb\u6210\u6bd4<\/th><\/tr><\/thead><tbody><tr><td>SS\u4e8b\u696d\uff08\u90e8\u54c1\u306e\u4ed5\u5165\u8ca9\u58f2\uff09<\/td><td>61.1%<\/td><td>66.1%<\/td><td>60%\uff08300\u5104\u5186\uff09<\/td><\/tr><tr><td>MS\u4e8b\u696d\uff08\u53d7\u8a17\u7d44\u7acb\uff09<\/td><td>21.5%<\/td><td>20.0%<\/td><td>20%\uff08100\u5104\u5186\uff09<\/td><\/tr><tr><td>FS\u4e8b\u696d\uff08\u4fdd\u5b88\u30e1\u30f3\u30c6\u30ca\u30f3\u30b9\uff09<\/td><td>9.0%<\/td><td>7.8%<\/td><td>10%\uff0850\u5104\u5186\uff09<\/td><\/tr><tr><td>PS\u4e8b\u696d\uff08\u7cbe\u5bc6\u52a0\u5de5\uff09<\/td><td>5.9%<\/td><td>4.2%<\/td><td>5%\uff0825\u5104\u5186\uff09<\/td><\/tr><tr><td>TS\u4e8b\u696d\uff08\u88fd\u54c1\u30fb\u6280\u8853\u958b\u767a\uff09<\/td><td>2.5%<\/td><td>1.8%<\/td><td>5%\uff0825\u5104\u5186\uff09<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\u4e2d\u8a08\u306f\u300c\u9ad8\u7c97\u5229\u4e8b\u696d\uff08\u6280\u8853\u958b\u767a\u3001\u30d5\u30a3\u30fc\u30eb\u30c9\u30bd\u30ea\u30e5\u30fc\u30b7\u30e7\u30f3\uff09\u306e\u6bd4\u7387\u62e1\u5927\u300d\u3092\u63b2\u3052\u3066\u3044\u307e\u3059\u3002\u3068\u3053\u308d\u304c\u7b2c1\u56db\u534a\u671f\u306e\u5b9f\u7e3e\u3092\u898b\u308b\u3068\u3001<strong>\u6bd4\u7387\u304c\u4e0a\u304c\u3063\u305f\u306e\u306fSS\u4e8b\u696d\uff08\u90e8\u54c1\u306e\u4ed5\u5165\u8ca9\u58f2\uff09\u3060\u3051\u3067\u3001FS\u4e8b\u696d\u3082TS\u4e8b\u696d\u3082\u6bd4\u7387\u3092\u4e0b\u3052\u3066\u3044\u307e\u3059<\/strong>\u3002\u4f1a\u793e\u304c\u76ee\u6307\u3059\u65b9\u5411\u3068\u3001\u8db3\u5143\u306e\u58f2\u4e0a\u69cb\u6210\u306e\u52d5\u304d\u304c\u9006\u3092\u5411\u3044\u3066\u3044\u308b\u3001\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3053\u308c\u306f\u5831\u544a\u30bb\u30b0\u30e1\u30f3\u30c8\u5358\u4f4d\u306e\u901a\u671f\u4e88\u60f3\u3067\u3082\u540c\u3058\u5f62\u3067\u51fa\u307e\u3059\u3002\u4f1a\u793e\u304c\u6c7a\u7b97\u8aac\u660e\u8cc7\u6599\u306b\u63b2\u8f09\u3057\u305f\u30bb\u30b0\u30e1\u30f3\u30c8\u5225\u4e88\u60f3\u306f\u6b21\u306e\u3068\u304a\u308a\u3067\u3059\uff08\u30b0\u30e9\u30d5\u304b\u3089\u7b46\u8005\u304c\u8aad\u307f\u53d6\u3063\u305f\u5024\u3067\u3059\u304c\u3001\u30bb\u30b0\u30e1\u30f3\u30c8\u5229\u76ca\u306e\u5408\u8a08\u306b\u8abf\u6574\u984d\u3092\u8db3\u3059\u3068\u9023\u7d50\u306e\u55b6\u696d\u5229\u76ca\u4e88\u60f3\u3068\u6574\u5408\u3059\u308b\u3053\u3068\u3092\u78ba\u8a8d\u3057\u3066\u3044\u307e\u3059\uff09\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\u30bb\u30b0\u30e1\u30f3\u30c8<\/th><th>2026\u5e743\u6708\u671f \u5b9f\u7e3e<\/th><th>2027\u5e743\u6708\u671f \u4fee\u6b63\u4e88\u60f3<\/th><th>\u5897\u6e1b\u7387<\/th><\/tr><\/thead><tbody><tr><td>\u8ca9\u58f2\u4e8b\u696d \u58f2\u4e0a\u9ad8<\/td><td>284\u510436\u767e\u4e07\u5186<\/td><td>445\u510450\u767e\u4e07\u5186<\/td><td>+56.7%<\/td><\/tr><tr><td>\u8ca9\u58f2\u4e8b\u696d \u30bb\u30b0\u30e1\u30f3\u30c8\u5229\u76ca<\/td><td>6\u510489\u767e\u4e07\u5186<\/td><td>16\u510423\u767e\u4e07\u5186<\/td><td>+135.6%<\/td><\/tr><tr><td>\u8ca9\u58f2\u4e8b\u696d \u5229\u76ca\u7387<\/td><td>2.42%<\/td><td>3.64%<\/td><td>+1.22pt<\/td><\/tr><tr><td>\u53d7\u8a17\u88fd\u9020\u4e8b\u696d \u58f2\u4e0a\u9ad8<\/td><td>65\u510427\u767e\u4e07\u5186<\/td><td>93\u510420\u767e\u4e07\u5186<\/td><td>+42.8%<\/td><\/tr><tr><td>\u53d7\u8a17\u88fd\u9020\u4e8b\u696d \u30bb\u30b0\u30e1\u30f3\u30c8\u5229\u76ca<\/td><td>5\u510455\u767e\u4e07\u5186<\/td><td>7\u510481\u767e\u4e07\u5186<\/td><td>+40.7%<\/td><\/tr><tr><td>\u53d7\u8a17\u88fd\u9020\u4e8b\u696d \u5229\u76ca\u7387<\/td><td>8.50%<\/td><td>8.38%<\/td><td>\u25b30.12pt<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\u691c\u7b97\uff1a\u30bb\u30b0\u30e1\u30f3\u30c8\u5229\u76ca\u306e\u5408\u8a08 16\u510423\u767e\u4e07\u5186\uff0b7\u510481\u767e\u4e07\u5186\uff1d24\u510404\u767e\u4e07\u5186\u3068\u3001\u9023\u7d50\u306e\u55b6\u696d\u5229\u76ca\u4e88\u60f325\u510460\u767e\u4e07\u5186\u3068\u306e\u5dee\u306f1\u510456\u767e\u4e07\u5186\u3067\u3059\u3002\u671f\u521d\u4e88\u60f3\u3067\u3082 9\u510471\u767e\u4e07\u5186\uff0b3\u510476\u767e\u4e07\u5186\uff1d13\u510447\u767e\u4e07\u5186\u3067\u3001\u9023\u7d50\u4e88\u60f315\u510400\u767e\u4e07\u5186\u3068\u306e\u5dee\u306f1\u510453\u767e\u4e07\u5186\u3002\u3069\u3061\u3089\u3082\u7b2c1\u56db\u534a\u671f\u306e\u8abf\u6574\u984d0\u510443\u767e\u4e07\u5186\u306e4\u56db\u534a\u671f\u5206\uff081\u510474\u767e\u4e07\u5186\uff09\u306b\u8fd1\u3044\u6c34\u6e96\u3067\u3001\u30b0\u30e9\u30d5\u304b\u3089\u8aad\u307f\u53d6\u3063\u305f\u5024\u3069\u3046\u3057\u306e\u6574\u5408\u304c\u53d6\u308c\u3066\u3044\u307e\u3059\u3002\u58f2\u4e0a\u5074\u3082\u3001445\u510450\u767e\u4e07\u5186\uff0b93\u510420\u767e\u4e07\u5186\uff1d538\u510470\u767e\u4e07\u5186\u306b\u5bfe\u3057\u3066\u9023\u7d50\u4e88\u60f3509\u510400\u767e\u4e07\u5186\u3067\u3059\u304b\u3089\u3001\u6d88\u53bb\u984d\u306f29\u510470\u767e\u4e07\u5186\uff085.5%\uff09\u3002\u7b2c1\u56db\u534a\u671f\u306e\u6d88\u53bb\u73876.0%\u3068\u8fd1\u3044\u6c34\u6e96\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3053\u306e\u8868\u306e\u30dd\u30a4\u30f3\u30c8\u306f2\u3064\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3072\u3068\u3064\u306f\u3001<strong>\u5229\u76ca\u306e\u51fa\u3069\u3053\u308d\u304c\u4f4e\u63a1\u7b97\u306e\u8ca9\u58f2\u4e8b\u696d\u306b\u79fb\u3063\u3066\u3044\u308b<\/strong>\u3053\u3068\u3067\u3059\u30022026\u5e743\u6708\u671f\u306f\u30bb\u30b0\u30e1\u30f3\u30c8\u5229\u76ca\u306e55.4%\u304c\u8ca9\u58f2\u4e8b\u696d\u300144.6%\u304c\u53d7\u8a17\u88fd\u9020\u4e8b\u696d\u3067\u3057\u305f\u3002\u4eca\u671f\u306e\u4fee\u6b63\u4e88\u60f3\u3067\u306f67.5%\u5bfe32.5%\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3082\u3046\u3072\u3068\u3064\u306f\u3001<strong>\u9ad8\u63a1\u7b97\u306e\u53d7\u8a17\u88fd\u9020\u4e8b\u696d\u306f\u5897\u53ce\u3057\u3066\u3082\u5229\u76ca\u7387\u304c\u4e0b\u304c\u308b\u4e88\u60f3\u306b\u306a\u3063\u3066\u3044\u308b<\/strong>\u3053\u3068\u3067\u3059\u3002\u58f2\u4e0a\u306f42.8%\u5897\u3048\u308b\u306e\u306b\u5229\u76ca\u7387\u306f8.50%\u304b\u30898.38%\u3078\u308f\u305a\u304b\u306b\u4f4e\u4e0b\u3057\u307e\u3059\u3002\u4f1a\u793e\u306e\u8aac\u660e\u306f\u300c\u30ad\u30e3\u30d1\u30b7\u30c6\u30a3\u78ba\u4fdd\u306e\u5148\u884c\u6295\u8cc7\u306b\u3088\u308a\u5229\u76ca\u5897\u52a0\u5e45\u306f\u9650\u5b9a\u7684\u300d\u3002\u4ed9\u53f0\u7b2c\u4e8c\u5de5\u5834\u306e\u65b0\u8a2d\u3001\u5bae\u57ce\u7269\u6d41\u30bb\u30f3\u30bf\u30fc\u306e\u5897\u5e8a\u3001\u4ed9\u53f0\u958b\u767a\u30bb\u30f3\u30bf\u30fc\uff082026\u5e7411\u6708\u64cd\u696d\u958b\u59cb\u4e88\u5b9a\uff09\u3068\u3044\u3063\u305f\u6295\u8cc7\u304c\u3001\u5229\u76ca\u7387\u306e\u6539\u5584\u3092\u5148\u9001\u308a\u3057\u3066\u3044\u308b\u5f62\u3067\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">6-3. \u3053\u3053\u3067\u6700\u521d\u306e\u4f8b\u3048\u306b\u623b\u308b<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u5192\u982d\u3067\u3001\u3053\u306e\u4f1a\u793e\u3092\u300c\u6771\u4eac\u30a8\u30ec\u30af\u30c8\u30ed\u30f3\u3068\u3044\u3046\u4e00\u793e\u306e\u8cfc\u8cb7\u90e8\u3068\u7d44\u7acb\u5de5\u5834\u3092\u3001\u5916\u304b\u3089\u4e38\u3054\u3068\u5f15\u304d\u53d7\u3051\u3066\u3044\u308b\u4f1a\u793e\u300d\u3068\u8868\u73fe\u3057\u307e\u3057\u305f\u3002\u55b6\u696d\u5229\u76ca\u7387\u304c5%\u3067\u6b62\u307e\u308b\u7406\u7531\u306f\u3001\u3053\u306e\u8868\u73fe\u306e\u306a\u304b\u306b\u3059\u3067\u306b\u5165\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u8cfc\u8cb7\u90e8\u306e\u4ee3\u884c\u306f\u3001\u58f2\u4e0a\u3092\u5927\u304d\u304f\u3059\u308b\u4ed5\u4e8b\u3067\u3042\u3063\u3066\u3001\u5229\u76ca\u7387\u3092\u9ad8\u304f\u3059\u308b\u4ed5\u4e8b\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002<\/strong> \u90e8\u54c1\u3092\u4ed5\u5165\u308c\u3066\u5c4a\u3051\u308b\u4ed5\u4e8b\u306e\u7c97\u5229\u7387\u306f12\u301c15%\u3001\u305d\u3053\u304b\u3089\u8ca9\u7ba1\u8cbb\u3092\u5f15\u304f\u3068\u55b6\u696d\u5229\u76ca\u7387\u306f2\u301c4%\u3067\u3059\u3002\u88c5\u7f6e\u30e1\u30fc\u30ab\u30fc\u306e\u6295\u8cc7\u304c\u5897\u3048\u308c\u3070\u58f2\u4e0a\u306f\u7d20\u76f4\u306b\u5897\u3048\u307e\u3059\u304c\u3001\u5897\u3048\u305f\u5206\u306e\u5229\u76ca\u7387\u306f\u4f4e\u3044\u307b\u3046\u306b\u5bc4\u308a\u307e\u3059\u3002\u3060\u304b\u3089\u300c\u58f2\u4e0a\u304c2030\u5e74\u76ee\u6a19\u3092\u8d85\u3048\u3066\u3082\u3001\u55b6\u696d\u5229\u76ca\u7387\u306f\u76ee\u6a19\u306e7%\u306b\u5c4a\u304b\u306a\u3044\u300d\u3068\u3044\u3046\u3001\u4e00\u898b\u306d\u3058\u308c\u305f\u72b6\u614b\u304c\u751f\u307e\u308c\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f1a\u793e\u304c\u55b6\u696d\u5229\u76ca\u73877%\u3078\u306e\u9053\u7b4b\u3068\u3057\u3066\u793a\u3057\u3066\u3044\u308b\u306e\u306f\u3001\u6b21\u306e3\u3064\u3067\u3059\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\u65bd\u7b56<\/th><th>\u4e2d\u8a08\u3067\u306e\u8aac\u660e<\/th><\/tr><\/thead><tbody><tr><td>\u8abf\u9054\u30b3\u30b9\u30c8\u524a\u6e1b<\/td><td>AI\u30a8\u30fc\u30b8\u30a7\u30f3\u30c8\u3067\u8abf\u9054\u30b3\u30b9\u30c830%\u524a\u6e1b\uff082030\u5e74\uff09<\/td><\/tr><tr><td>\u8ca9\u7ba1\u8cbb\u9069\u6b63\u5316<\/td><td>AI\u6d3b\u7528\u3067\u9593\u63a5\u30b3\u30b9\u30c8\u524a\u6e1b<\/td><\/tr><tr><td>M&amp;A\u30b7\u30ca\u30b8\u30fc<\/td><td>\u65b0\u898f\u4e8b\u696d\u306e\u5229\u76ca\u8ca2\u732e<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\u3053\u306e\u3046\u3061\u3001\u4eca\u56de\u306e\u7b2c1\u56db\u534a\u671f\u3067\u5b9f\u969b\u306b\u52d5\u3044\u305f\u306e\u306f3\u756a\u76ee\u306eM&amp;A\uff08\u5f8c\u8ff0\u306eOMT\u793e\u53d6\u5f97\uff09\u3060\u3051\u3067\u3059\u3002\u305d\u3057\u3066\u3001\u305d\u306eOMT\u793e\u306e\u58f2\u4e0a\u306f4\u510414\u767e\u4e07\u5186\u3002\u4eca\u671f\u306e\u9023\u7d50\u58f2\u4e0a\u4e88\u60f3509\u5104\u5186\u306b\u5bfe\u3057\u30660.8%\u3067\u3059\u3002\u4f1a\u793e\u81ea\u8eab\u3082\u300c2027\u5e743\u6708\u671f\u306e\u9023\u7d50\u696d\u7e3e\u306b\u4e0e\u3048\u308b\u5f71\u97ff\u306f\u8efd\u5fae\u300d\u3068\u958b\u793a\u306b\u660e\u8a18\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u5f37\u6c17\u306b\u8aad\u3080\u306a\u3089\u3001\u300c\u55b6\u696d\u5229\u76ca\u7387\u306e\u6539\u5584\u306f\u3053\u308c\u304b\u3089\u52b9\u3044\u3066\u304f\u308b\u65bd\u7b56\u3067\u3001\u4eca\u671f\u306f\u307e\u305a\u58f2\u4e0a\u304c\u5148\u884c\u3057\u3066\u3044\u308b\u6bb5\u968e\u300d\u3068\u306a\u308a\u307e\u3059\u3002\u5f31\u6c17\u306b\u8aad\u3080\u306a\u3089\u3001\u300c\u58f2\u4e0a\u3060\u3051\u304c5\u5e74\u3076\u3093\u30b8\u30e3\u30f3\u30d7\u3057\u3066\u3001\u5229\u76ca\u7387\u306e\u69cb\u9020\u306f\u5909\u308f\u3063\u3066\u3044\u306a\u3044\u300d\u3068\u306a\u308a\u307e\u3059\u3002\u3069\u3061\u3089\u306e\u8aad\u307f\u65b9\u3082\u3001\u3044\u307e\u306e\u958b\u793a\u304b\u3089\u306f\u7b49\u3057\u304f\u6210\u308a\u7acb\u3064\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">7. \u696d\u7e3e\u4e88\u60f3\u306e\u4fee\u6b63\u3068\u3001\u3053\u306e\u4f1a\u793e\u306e\u4e88\u60f3\u306e\u300c\u632f\u308c\u5e45\u300d<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">7-1. \u4eca\u56de\u306e\u4fee\u6b63\u306e\u5185\u5bb9<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">2026\u5e748\u67087\u65e5\u3001\u7b2c1\u56db\u534a\u671f\u6c7a\u7b97\u3068\u540c\u6642\u306b\u696d\u7e3e\u4e88\u60f3\u3068\u914d\u5f53\u4e88\u60f3\u304c\u4fee\u6b63\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>\u524d\u56de\u4e88\u60f3\uff085\u670815\u65e5\uff09<\/th><th>\u4eca\u56de\u4fee\u6b63\uff088\u67087\u65e5\uff09<\/th><th>\u5897\u6e1b\u984d<\/th><th>\u5897\u6e1b\u7387<\/th><\/tr><\/thead><tbody><tr><td>\u901a\u671f \u58f2\u4e0a\u9ad8<\/td><td>406\u510400\u767e\u4e07\u5186<\/td><td>509\u510400\u767e\u4e07\u5186<\/td><td>+103\u510400\u767e\u4e07\u5186<\/td><td>+25.4%<\/td><\/tr><tr><td>\u901a\u671f \u55b6\u696d\u5229\u76ca<\/td><td>15\u510400\u767e\u4e07\u5186<\/td><td>25\u510460\u767e\u4e07\u5186<\/td><td>+10\u510460\u767e\u4e07\u5186<\/td><td>+70.7%<\/td><\/tr><tr><td>\u901a\u671f \u7d4c\u5e38\u5229\u76ca<\/td><td>14\u510460\u767e\u4e07\u5186<\/td><td>25\u510440\u767e\u4e07\u5186<\/td><td>+10\u510480\u767e\u4e07\u5186<\/td><td>+74.0%<\/td><\/tr><tr><td>\u901a\u671f \u7d14\u5229\u76ca<\/td><td>10\u510400\u767e\u4e07\u5186<\/td><td>16\u510480\u767e\u4e07\u5186<\/td><td>+6\u510480\u767e\u4e07\u5186<\/td><td>+68.0%<\/td><\/tr><tr><td>\u901a\u671f EPS<\/td><td>285.83\u5186<\/td><td>479.71\u5186<\/td><td>\u2014<\/td><td>\u2014<\/td><\/tr><tr><td>\u4e0a\u671f \u58f2\u4e0a\u9ad8<\/td><td>190\u510400\u767e\u4e07\u5186<\/td><td>245\u510400\u767e\u4e07\u5186<\/td><td>+55\u510400\u767e\u4e07\u5186<\/td><td>+28.9%<\/td><\/tr><tr><td>\u4e0a\u671f \u55b6\u696d\u5229\u76ca<\/td><td>5\u510452\u767e\u4e07\u5186<\/td><td>11\u510485\u767e\u4e07\u5186<\/td><td>+6\u510433\u767e\u4e07\u5186<\/td><td>+114.7%<\/td><\/tr><tr><td>\u671f\u672b\u914d\u5f53<\/td><td>110\u5186<\/td><td>144\u5186<\/td><td>+34\u5186<\/td><td>+30.9%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\u4fee\u6b63\u306e\u7406\u7531\u306f\u3001\u539f\u6587\u3067\u3053\u3046\u8aac\u660e\u3055\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\">\u7b2c\uff11\u56db\u534a\u671f\u306b\u304a\u3044\u3066\u3001\uff21\uff29\u30fb\u30c7\u30fc\u30bf\u30bb\u30f3\u30bf\u30fc\u6295\u8cc7\u306e\u6025\u62e1\u5927\u3092\u80cc\u666f\u3068\u3057\u305f\u534a\u5c0e\u4f53\u30e1\u30fc\u30ab\u30fc\u306e\u7a4d\u6975\u7684\u306a\u8a2d\u5099\u6295\u8cc7\u304c\u7d99\u7d9a\u3057\u3001\u5f53\u793e\u30b0\u30eb\u30fc\u30d7\u306e\u8ca9\u58f2\u4e8b\u696d\u30fb\u53d7\u8a17\u88fd\u9020\u4e8b\u696d\u304c\u5171\u306b\u5f53\u521d\u8a08\u753b\u3092\u4e0a\u56de\u308b\u6c34\u6e96\u3067\u63a8\u79fb\u3057\u305f\u3053\u3068\u3001\u304a\u3088\u3073\u7b2c\uff12\u56db\u534a\u671f\u4ee5\u964d\u306b\u304a\u304d\u307e\u3057\u3066\u3082\u3001\u539f\u6750\u6599\u4fa1\u683c\u3084\u4eba\u4ef6\u8cbb\u306e\u4e0a\u6607\u3068\u3044\u3063\u305f\u30b3\u30b9\u30c8\u9762\u306e\u4e0d\u5b89\u5b9a\u8981\u7d20\u306f\u3042\u308b\u3082\u306e\u306e\u3001\uff21\uff29\u95a2\u9023\u3092\u4e2d\u5fc3\u3068\u3057\u305f\u534a\u5c0e\u4f53\u9700\u8981\u306e\u62e1\u5927\u57fa\u8abf\u306f\u7d99\u7d9a\u3057\u3066\u304a\u308a\u3001\u5f53\u793e\u30b0\u30eb\u30fc\u30d7\u306e\u53d7\u6ce8\u9ad8\u3082\u5805\u8abf\u306b\u63a8\u79fb\u3057\u3066\u3044\u308b\u3053\u3068\u304b\u3089<\/p>\n<\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\">\u3053\u3053\u304b\u3089\u8aad\u307f\u53d6\u308c\u308b\u3001\u4fee\u6b63\u5f8c\u4e88\u60f3\u306e\u300c\u5f62\u300d\u3092\u5206\u89e3\u3057\u3066\u304a\u304d\u307e\u3059\u3002<\/p>\n\n\n\n<pre class=\"wp-block-code\"><code>\u4e0a\u671f\u4e88\u60f3 \u55b6\u696d\u5229\u76ca 11\u510485\u767e\u4e07\u5186 \u2212 1Q\u5b9f\u7e3e 5\u510490\u767e\u4e07\u5186 \uff1d 2Q\u5358\u72ec 5\u510495\u767e\u4e07\u5186\n\u901a\u671f\u4e88\u60f3 \u55b6\u696d\u5229\u76ca 25\u510460\u767e\u4e07\u5186 \u2212 \u4e0a\u671f\u4e88\u60f3 11\u510485\u767e\u4e07\u5186 \uff1d \u4e0b\u671f 13\u510475\u767e\u4e07\u5186\n\u4e0b\u671f\u306e\u6bd4\u7387 \uff1d 13\u510475\u767e\u4e07\u5186 \u00f7 25\u510460\u767e\u4e07\u5186 \uff1d 53.7%<\/code><\/pre>\n\n\n\n<p class=\"wp-block-paragraph\">\u4e0b\u671f\u504f\u91cd\u306e\u5ea6\u5408\u3044\u306f53.7%\u3067\u3001\u6975\u7aef\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u30021\u56db\u534a\u671f\u3042\u305f\u308a\u306b\u5747\u3059\u3068\u3001\u7b2c2\u56db\u534a\u671f\u304c5\u510495\u767e\u4e07\u5186\u3001\u4e0b\u671f\u304c\u5e73\u57476\u510488\u767e\u4e07\u5186\u3002<strong>\u76f4\u8fd1\u5b9f\u7e3e\u306e5\u510490\u767e\u4e07\u5186\uff081Q\uff09\u30fb6\u510417\u767e\u4e07\u5186\uff08\u524d4Q\uff09\u3068\u307b\u307c\u540c\u3058\u6c34\u6e96\u3092\u7dad\u6301\u3057\u7d9a\u3051\u308b\u3001\u3068\u3044\u3046\u4e88\u60f3<\/strong>\u3067\u3059\u3002\u6025\u6fc0\u306a\u52a0\u901f\u3092\u898b\u8fbc\u3093\u3067\u3044\u308b\u308f\u3051\u3067\u306f\u306a\u3044\u3001\u3068\u3044\u3046\u70b9\u306f\u62bc\u3055\u3048\u3066\u304a\u3044\u3066\u3088\u3044\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">7-2. \u9032\u6357\u7387\u306f\u3001\u5206\u6bcd\u30923\u3064\u4e26\u3079\u306a\u3044\u3068\u610f\u5473\u304c\u306a\u3044<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u7b2c1\u56db\u534a\u671f\u306e\u9032\u6357\u7387\u3092\u51fa\u3059\u3068\u304d\u306f\u3001\u6bd4\u3079\u308b\u76f8\u624b\u304c\u5fc5\u8981\u3067\u3059\u3002\u3068\u3053\u308d\u304c\u3053\u306e\u4f1a\u793e\u306f\u524d\u671f\u306e\u4e88\u60f3\u3092\u671f\u4e2d\u306b2\u56de\u5909\u3048\u3066\u3044\u308b\u306e\u3067\u3001\u300c\u524d\u5e74\u540c\u671f\u306e\u9032\u6357\u7387\u300d\u304c\u5206\u6bcd\u6b21\u7b2c\u3067\u5927\u304d\u304f\u5909\u308f\u308a\u307e\u3059\u30023\u3064\u3068\u3082\u4e26\u3079\u307e\u3059\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\u671f\u30fb\u5206\u6bcd<\/th><th>\u5206\u6bcd<\/th><th>1Q\u55b6\u696d\u5229\u76ca<\/th><th>\u9032\u6357\u7387<\/th><\/tr><\/thead><tbody><tr><td>2026\u5e743\u6708\u671f\uff0f\u671f\u521d\u4e88\u60f3\uff0825\u5e745\u670814\u65e5\uff09<\/td><td>12\u510430\u767e\u4e07\u5186<\/td><td>0\u510482\u767e\u4e07\u5186<\/td><td>6.7%<\/td><\/tr><tr><td>2026\u5e743\u6708\u671f\uff0f11\u6708\u4fee\u6b63\u5f8c<\/td><td>8\u510410\u767e\u4e07\u5186<\/td><td>0\u510482\u767e\u4e07\u5186<\/td><td>10.2%<\/td><\/tr><tr><td>2026\u5e743\u6708\u671f\uff0f\u901a\u671f\u5b9f\u7e3e<\/td><td>14\u510402\u767e\u4e07\u5186<\/td><td>0\u510482\u767e\u4e07\u5186<\/td><td>5.9%<\/td><\/tr><tr><td>2027\u5e743\u6708\u671f\uff0f\u671f\u521d\u4e88\u60f3\uff0826\u5e745\u670815\u65e5\uff09<\/td><td>15\u510400\u767e\u4e07\u5186<\/td><td>5\u510490\u767e\u4e07\u5186<\/td><td>39.4%<\/td><\/tr><tr><td>2027\u5e743\u6708\u671f\uff0f8\u6708\u4fee\u6b63\u5f8c<\/td><td>25\u510460\u767e\u4e07\u5186<\/td><td>5\u510490\u767e\u4e07\u5186<\/td><td>23.1%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\u58f2\u4e0a\u9ad8\u3067\u3082\u540c\u3058\u3053\u3068\u3092\u3057\u3066\u304a\u304d\u307e\u3059\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\u671f\u30fb\u5206\u6bcd<\/th><th>\u5206\u6bcd<\/th><th>1Q\u58f2\u4e0a\u9ad8<\/th><th>\u9032\u6357\u7387<\/th><\/tr><\/thead><tbody><tr><td>2026\u5e743\u6708\u671f\uff0f\u671f\u521d\u4e88\u60f3<\/td><td>355\u510400\u767e\u4e07\u5186<\/td><td>72\u510412\u767e\u4e07\u5186<\/td><td>20.3%<\/td><\/tr><tr><td>2026\u5e743\u6708\u671f\uff0f11\u6708\u4fee\u6b63\u5f8c<\/td><td>295\u510400\u767e\u4e07\u5186<\/td><td>72\u510412\u767e\u4e07\u5186<\/td><td>24.4%<\/td><\/tr><tr><td>2026\u5e743\u6708\u671f\uff0f\u901a\u671f\u5b9f\u7e3e<\/td><td>326\u510414\u767e\u4e07\u5186<\/td><td>72\u510412\u767e\u4e07\u5186<\/td><td>22.1%<\/td><\/tr><tr><td>2027\u5e743\u6708\u671f\uff0f\u671f\u521d\u4e88\u60f3<\/td><td>406\u510400\u767e\u4e07\u5186<\/td><td>115\u510436\u767e\u4e07\u5186<\/td><td>28.4%<\/td><\/tr><tr><td>2027\u5e743\u6708\u671f\uff0f8\u6708\u4fee\u6b63\u5f8c<\/td><td>509\u510400\u767e\u4e07\u5186<\/td><td>115\u510436\u767e\u4e07\u5186<\/td><td>22.7%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u58f2\u4e0a\u306e\u9032\u6357\u7387\u306f22.7%\u3067\u3001\u524d\u5e74\u306e\u5b9f\u7e3e\u30d9\u30fc\u30b922.1%\u3068\u307b\u3068\u3093\u3069\u540c\u3058<\/strong>\u3067\u3059\u3002\u3064\u307e\u308a\u4fee\u6b63\u5f8c\u306e\u901a\u671f\u4e88\u60f3509\u5104\u5186\u306f\u3001\u300c\u7b2c1\u56db\u534a\u671f\u306e\u30da\u30fc\u30b9\u3092\u524d\u5e74\u3068\u540c\u3058\u5b63\u7bc0\u6027\u3067\u4f38\u3070\u3057\u305f\u3089\u3053\u3046\u306a\u308b\u300d\u3068\u3044\u3046\u6c34\u6e96\u306b\u7f6e\u304b\u308c\u3066\u3044\u308b\u3001\u3068\u8aad\u3081\u307e\u3059\u3002\u55b6\u696d\u5229\u76ca\u306e\u9032\u635723.1%\u3082\u3001\u4e0b\u671f\u504f\u91cd\u3092\u3075\u307e\u3048\u308c\u3070\u304a\u304a\u3080\u306d\u5747\u3055\u308c\u305f\u4f4d\u7f6e\u3067\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">7-3. \u3053\u306e\u4f1a\u793e\u306e\u4e88\u60f3\u306f\u3001\u3088\u304f\u52d5\u304f<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u6295\u8cc7\u5224\u65ad\u306e\u524d\u63d0\u3068\u3057\u3066\u3001\u4f1a\u793e\u4e88\u60f3\u306e\u300c\u4fe1\u983c\u533a\u9593\u300d\u3092\u77e5\u3063\u3066\u304a\u304f\u4fa1\u5024\u304c\u3042\u308a\u307e\u3059\u3002\u524d\u671f\uff082026\u5e743\u6708\u671f\uff09\u306e\u63a8\u79fb\u3067\u3059\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\u958b\u793a\u65e5<\/th><th>\u58f2\u4e0a\u9ad8<\/th><th>\u55b6\u696d\u5229\u76ca<\/th><th>\u7d14\u5229\u76ca<\/th><th>\u671f\u672b\u914d\u5f53<\/th><\/tr><\/thead><tbody><tr><td>2025\u5e745\u670814\u65e5\uff08\u671f\u521d\u4e88\u60f3\uff09<\/td><td>355\u510400\u767e\u4e07\u5186<\/td><td>12\u510430\u767e\u4e07\u5186<\/td><td>6\u510440\u767e\u4e07\u5186<\/td><td>102\u5186<\/td><\/tr><tr><td>2025\u5e7411\u670812\u65e5\uff08\u4e0b\u65b9\u4fee\u6b63\uff09<\/td><td>295\u510400\u767e\u4e07\u5186<\/td><td>8\u510410\u767e\u4e07\u5186<\/td><td>3\u510480\u767e\u4e07\u5186<\/td><td>100\u5186<\/td><\/tr><tr><td>2026\u5e744\u670828\u65e5\uff08\u4e0a\u65b9\u4fee\u6b63\uff09<\/td><td>326\u510414\u767e\u4e07\u5186<\/td><td>14\u510402\u767e\u4e07\u5186<\/td><td>9\u510445\u767e\u4e07\u5186<\/td><td>105\u5186<\/td><\/tr><tr><td>\u5b9f\u7e3e<\/td><td>326\u510414\u767e\u4e07\u5186<\/td><td>14\u510402\u767e\u4e07\u5186<\/td><td>9\u510471\u767e\u4e07\u5186<\/td><td>105\u5186<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\u671f\u521d\u304b\u308911\u6708\u306b\u304b\u3051\u3066\u55b6\u696d\u5229\u76ca\u309234.1%\u5207\u308a\u4e0b\u3052\u3001\u305d\u306e5\u304b\u6708\u534a\u5f8c\u306b73.2%\u5f15\u304d\u4e0a\u3052\u3066\u3044\u307e\u3059\u3002\u7d14\u5229\u76ca\u306b\u3044\u305f\u3063\u3066\u306f3\u510480\u767e\u4e07\u5186\u304b\u30899\u510445\u767e\u4e07\u5186\u30782.5\u500d\u306e\u4e0a\u65b9\u4fee\u6b63\u3067\u3059\u3002\u7d50\u679c\u3068\u3057\u3066\u671f\u521d\u4e88\u60f3\u306b\u5bfe\u3059\u308b\u7740\u5730\u306f\u3001\u58f2\u4e0a\u25b38.1%\u30fb\u55b6\u696d\u5229\u76ca+14.1%\u30fb\u7d14\u5229\u76ca+51.8%\u3067\u3057\u305f\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u305d\u3057\u3066\u4eca\u671f\u306f\u3001\u671f\u521d\u304b\u30893\u304b\u6708\u3067\u55b6\u696d\u5229\u76ca\u309270.7%\u5f15\u304d\u4e0a\u3052\u3066\u3044\u307e\u3059\u3002<strong>\u4e0a\u306b\u3082\u4e0b\u306b\u3082\u5927\u304d\u304f\u52d5\u304f\u4f1a\u793e\u306e\u4e88\u60f3\u3067\u3042\u308b<\/strong>\u3068\u3044\u3046\u524d\u63d0\u306f\u3001\u6301\u3063\u3066\u304a\u3044\u305f\u307b\u3046\u304c\u3088\u3044\u3068\u601d\u3044\u307e\u3059\u3002\u4f1a\u793e\u81ea\u8eab\u3082\u4e2d\u8a08\u3067\u300c\u534a\u5c0e\u4f53\u5e02\u5834\u306f\u5e74\u959320\uff5e30%\u306e\u5909\u52d5\u304c\u5e38\u614b\u300d\u300c\u524d\u4e2d\u8a08\u3067\u306f\u56fa\u5b9a\u7684\u306a\u4e2d\u9593\u5e74\u5ea6\u76ee\u6a19\u304c\u5e02\u5834\u74b0\u5883\u3068\u4e56\u96e2\u3057\u3001\u8a08\u753b\u306e\u4fe1\u983c\u6027\u3092\u640d\u306a\u3046\u7d50\u679c\u3068\u306a\u308a\u307e\u3057\u305f\u300d\u3068\u66f8\u3044\u3066\u304a\u308a\u3001\u4e2d\u9593\u5e74\u5ea6\u306e\u76ee\u6a19\u3092\u7f6e\u304f\u65b9\u5f0f\u3092\u3084\u3081\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">8. \u7b2c1\u56db\u534a\u671f\u4ee5\u964d\u306b\u8d77\u304d\u305f\u3053\u3068\u2500\u2500OMT\u793e\u306e\u5b50\u4f1a\u793e\u5316\u3068\u718a\u672c\u5730\u9707<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">8-1. \u682a\u5f0f\u4f1a\u793eOMT\u306e\u5b8c\u5168\u5b50\u4f1a\u793e\u5316<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">2026\u5e747\u670815\u65e5\u306b\u53d6\u7de0\u5f79\u4f1a\u6c7a\u8b70\u30018\u67081\u65e5\u306b\u682a\u5f0f\u8b72\u6e21\u304c\u5b9f\u884c\u3055\u308c\u307e\u3057\u305f\u3002\u7b2c1\u56db\u534a\u671f\uff086\u6708\u672b\uff09\u306e\u9023\u7d50\u7bc4\u56f2\u306b\u306f\u542b\u307e\u308c\u3066\u3044\u307e\u305b\u3093\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>\u4f1a\u793e\u540d<\/td><td>\u682a\u5f0f\u4f1a\u793eOMT\uff08\u5bae\u57ce\u770c\u9ed2\u5ddd\u90e1\u5927\u8861\u6751\uff09<\/td><\/tr><tr><td>\u4e8b\u696d\u5185\u5bb9<\/td><td>\u534a\u5c0e\u4f53\u88fd\u9020\u8a2d\u5099\u306e\u30e1\u30f3\u30c6\u30ca\u30f3\u30b9\u30fb\u30aa\u30fc\u30d0\u30fc\u30db\u30fc\u30eb<\/td><\/tr><tr><td>\u8a2d\u7acb<\/td><td>2003\u5e749\u670812\u65e5<\/td><\/tr><tr><td>\u58f2\u4e3b<\/td><td>\u30e9\u30d4\u30b9\u30bb\u30df\u30b3\u30f3\u30c0\u30af\u30bf\u682a\u5f0f\u4f1a\u793e\uff08\u6301\u682a\u6bd4\u7387100%\uff09<\/td><\/tr><tr><td>\u53d6\u5f97\u682a\u6570<\/td><td>200\u682a\uff08\u8b70\u6c7a\u6a29\u6bd4\u7387100%\uff09<\/td><\/tr><tr><td>\u53d6\u5f97\u4fa1\u984d<\/td><td>\u975e\u958b\u793a\uff08\u9023\u7d50\u7d14\u8cc7\u7523\u984d\u306e15%\u672a\u6e80\u306e\u305f\u3081\u958b\u793a\u57fa\u6e96\u306b\u8a72\u5f53\u305b\u305a\uff09<\/td><\/tr><tr><td>\u53d6\u5f97\u8cc7\u91d1<\/td><td>\u81ea\u5df1\u8cc7\u91d1<\/td><\/tr><tr><td>\u76f4\u524d\u671f\uff082026\u5e743\u6708\u671f\uff09\u58f2\u4e0a\u9ad8<\/td><td>4\u510414\u767e\u4e07\u5186<\/td><\/tr><tr><td>\u540c \u55b6\u696d\u5229\u76ca<\/td><td>0\u510417\u767e\u4e07\u5186<\/td><\/tr><tr><td>\u540c \u7d14\u8cc7\u7523<\/td><td>0\u510463\u767e\u4e07\u5186<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f1a\u793e\u306f\u53d6\u5f97\u7406\u7531\u3092\u300c\u4e2d\u671f\u7d4c\u55b6\u65b9\u91dd\u306b\u63b2\u3052\u308b\u300e\u30e1\u30f3\u30c6\u30ca\u30f3\u30b9\u30b5\u30dd\u30fc\u30c8\uff08\uff26\uff33\u4e8b\u696d\uff09\u306e\u5f37\u5316\u300f\u306e\u5b9f\u73fe\u3092\u52a0\u901f\u3059\u308b\u3082\u306e\u300d\u3068\u8aac\u660e\u3057\u3066\u3044\u307e\u3059\u3002\u307e\u305f\u7b2c1\u56db\u534a\u671f\u77ed\u4fe1\u3067\u306f\u300c\u5bfe\u5fdc\u88c5\u7f6e\u6a5f\u7a2e\u306e\u62e1\u5145\u3001\u6280\u8853\u8005\u306e\u5897\u5f37\u3001\u5bfe\u5fdc\u30a8\u30ea\u30a2\u306e\u62e1\u5927\u7b49\u3001\uff26\uff33\u4e8b\u696d\u306e\u62e1\u5145\u30fb\u767a\u5c55\u306e\u307b\u304b\u3001\u696d\u52d9\u306e\u52b9\u7387\u5316\u306b\u3088\u308b\u55b6\u696d\u5229\u76ca\u7387\u306e\u5411\u4e0a\u304c\u56f3\u3089\u308c\u308b\u3082\u306e\u3068\u898b\u8fbc\u3093\u3067\u304a\u308a\u307e\u3059\u300d\u3068\u66f8\u304b\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u898f\u6a21\u3092\u78ba\u8a8d\u3057\u3066\u304a\u304d\u307e\u3059\u3002OMT\u793e\u306e\u58f2\u4e0a4\u510414\u767e\u4e07\u5186\u306f\u3001<strong>\u4eca\u671f\u306e\u9023\u7d50\u58f2\u4e0a\u4e88\u60f3509\u5104\u5186\u306b\u5bfe\u3057\u30660.8%<\/strong>\u3001FS\u4e8b\u696d\u306e\u524d\u671f\u58f2\u4e0a29\u510438\u767e\u4e07\u5186\u306b\u5bfe\u3057\u3066\u306f14.1%\u3067\u3059\u3002\u4f1a\u793e\u3082\u300c\u5f53\u793e\u306e2027\u5e743\u6708\u671f\u306e\u9023\u7d50\u696d\u7e3e\u306b\u4e0e\u3048\u308b\u5f71\u97ff\u306f\u8efd\u5fae\u300d\u3068\u660e\u8a18\u3057\u3066\u3044\u307e\u3059\u3002FS\u4e8b\u696d\u306e2030\u5e74\u5ea6\u76ee\u6a19\u306f50\u5104\u5186\u3067\u3059\u304b\u3089\u3001\u524d\u671f\u5b9f\u7e3e29\u510438\u767e\u4e07\u5186\uff0bOMT\u793e4\u510414\u767e\u4e07\u5186\u306733\u5104\u5186\u3042\u307e\u308a\u3002\u6b8b\u308a17\u5104\u5186\u30924\u5e74\u3067\u7a4d\u3080\u5fc5\u8981\u304c\u3042\u308a\u3001<strong>\u3053\u306e1\u4ef6\u3067\u76ee\u6a19\u306b\u5c4a\u304f\u898f\u6a21\u3067\u306f\u306a\u3044<\/strong>\u3068\u3044\u3046\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u3002M&amp;A\u3092\u4e2d\u8a08\u306e\u67f1\u306b\u636e\u3048\u3066\u3044\u308b\u4ee5\u4e0a\u3001\u7d9a\u304d\u304c\u3042\u308b\u304b\u3069\u3046\u304b\u304cKPI\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u306a\u304a\u3001\u6709\u4fa1\u8a3c\u5238\u5831\u544a\u66f8\u306e\u300c\u4e8b\u696d\u7b49\u306e\u30ea\u30b9\u30af\u300d\u306b\u306f\u3001M&amp;A\u306b\u3064\u3044\u3066\u300c\u8cb7\u53ce\u3057\u305f\u4f01\u696d\u306e\u53ce\u76ca\u529b\u304c\u5f53\u521d\u306e\u898b\u8fbc\u307f\u3092\u4e0b\u56de\u3063\u305f\u5834\u5408\u306f\u306e\u308c\u3093\u306e\u6e1b\u640d\u7b49\u306b\u3088\u308a\u3001\u5f53\u793e\u30b0\u30eb\u30fc\u30d7\u306e\u696d\u7e3e\u306b\u5f71\u97ff\u3092\u53ca\u307c\u3059\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u300d\u3068\u3044\u3046\u8a18\u8f09\u304c\u3042\u308a\u307e\u3059\u3002\u53d6\u5f97\u4fa1\u984d\u304c\u975e\u958b\u793a\u306e\u305f\u3081\u3001\u306e\u308c\u3093\u306e\u91d1\u984d\u306f\u73fe\u6642\u70b9\u3067\u306f\u5206\u304b\u308a\u307e\u305b\u3093\u3002\u7b2c2\u56db\u534a\u671f\uff08\u4e2d\u9593\u671f\uff09\u306e\u6c7a\u7b97\u3067\u8cb8\u501f\u5bfe\u7167\u8868\u306b\u7121\u5f62\u56fa\u5b9a\u8cc7\u7523\u30fb\u306e\u308c\u3093\u3068\u3057\u3066\u51fa\u3066\u304f\u308b\u306f\u305a\u3067\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">8-2. \u718a\u672c\u5730\u9707\u306e\u5f71\u97ff<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">2026\u5e747\u670828\u65e5\u306b\u718a\u672c\u770c\u718a\u672c\u5730\u65b9\u3067\u767a\u751f\u3057\u305f\u5730\u9707\u306b\u3064\u3044\u3066\u3001\u4f1a\u793e\u306f2\u56de\u306e\u958b\u793a\u3092\u51fa\u3057\u3066\u3044\u307e\u3059\u3002\u718a\u672c\u55b6\u696d\u6240\u3001\u4e5d\u5dde\u7269\u6d41\u30bb\u30f3\u30bf\u30fc\u3001\u5b50\u4f1a\u793e\u306e\u5185\u5916\u30a8\u30ec\u30af\u30c8\u30ed\u30cb\u30af\u30b9\u718a\u672c\u30b5\u30fc\u30d3\u30b9\u30bb\u30f3\u30bf\u30fc\u304c\u6240\u5728\u5730\u306b\u3042\u305f\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\u958b\u793a\u65e5<\/th><th>\u5185\u5bb9<\/th><\/tr><\/thead><tbody><tr><td>2026\u5e747\u670829\u65e5\uff08\u7b2c1\u5831\uff09<\/td><td>\u4eba\u7684\u88ab\u5bb3\u306a\u3057\u3002\u4e00\u90e8\u306e\u68da\u304b\u3089\u5099\u54c1\u7b49\u306e\u843d\u4e0b\u3001\u5929\u4e95\u306e\u4e00\u90e8\u7834\u640d\u30027\u670829\u65e5\u3088\u308a\u4e00\u90e8\u5f93\u696d\u54e1\u304c\u51fa\u793e\u3057\u5fa9\u65e7\u4f5c\u696d\u3002\u696d\u7e3e\u3078\u306e\u5f71\u97ff\u306f\u300c\u73fe\u6642\u70b9\u3067\u306f\u4e0d\u660e\u300d<\/td><\/tr><tr><td>2026\u5e748\u67085\u65e5\uff08\u7b2c2\u5831\uff09<\/td><td>8\u67085\u65e5\u3088\u308a3\u62e0\u70b9\u3059\u3079\u3066\u304c\u901a\u5e38\u696d\u52d9\u3092\u518d\u958b\u3002\u696d\u7e3e\u3078\u306e\u5f71\u97ff\u306f\u300c\u8efd\u5fae\u3067\u3042\u308b\u3068\u601d\u308f\u308c\u307e\u3059\u300d<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\u718a\u672c\u306f\u56fd\u5185\u306e\u534a\u5c0e\u4f53\u751f\u7523\u62e0\u70b9\u306e\u65b0\u5897\u8a2d\u304c\u96c6\u4e2d\u3057\u3066\u3044\u308b\u5730\u57df\u3067\u3082\u3042\u308a\u3001\u3053\u306e\u4f1a\u793e\u306f\u718a\u672c\u55b6\u696d\u6240\u30fb\u4e5d\u5dde\u7269\u6d41\u30bb\u30f3\u30bf\u30fc\u30fb\u718a\u672c\u30b5\u30fc\u30d3\u30b9\u30bb\u30f3\u30bf\u30fc\u30fb\u5408\u5fd7\u30b5\u30fc\u30d3\u30b9\u30bb\u30f3\u30bf\u30fc\u3068\u8907\u6570\u306e\u62e0\u70b9\u3092\u7f6e\u3044\u3066\u3044\u307e\u3059\u3002\u4eca\u56de\u306f1\u9031\u9593\u7a0b\u5ea6\u3067\u5fa9\u65e7\u3057\u3066\u3044\u307e\u3059\u304c\u3001<strong>\u62e0\u70b9\u306e\u5730\u7406\u7684\u306a\u96c6\u4e2d\u304c\u30ea\u30b9\u30af\u8981\u56e0\u3068\u3057\u3066\u9855\u5728\u5316\u3057\u305f\u4e8b\u4f8b<\/strong>\u3068\u3057\u3066\u8a18\u9332\u3057\u3066\u304a\u304f\u4fa1\u5024\u306f\u3042\u308b\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">9. \u8cc7\u672c\u653f\u7b56\u3068\u682a\u4e3b\u9084\u5143<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u5185\u5916\u30c6\u30c3\u30af\u306b\u682a\u4e3b\u512a\u5f85\u5236\u5ea6\u306f\u3042\u308a\u307e\u305b\u3093\u3002<\/strong> 2026\u5e746\u670823\u65e5\u63d0\u51fa\u306e\u6709\u4fa1\u8a3c\u5238\u5831\u544a\u66f8\u300c\u7b2c6 \u63d0\u51fa\u4f1a\u793e\u306e\u682a\u5f0f\u4e8b\u52d9\u306e\u6982\u8981\u300d\u306e\u300c\u682a\u4e3b\u306b\u5bfe\u3059\u308b\u7279\u5178\u300d\u6b04\u306b\u306f\u300c\u8a72\u5f53\u4e8b\u9805\u306f\u3042\u308a\u307e\u305b\u3093\u300d\u3068\u8a18\u8f09\u3055\u308c\u3066\u3044\u307e\u3059\u3002\u3053\u308c\u306f\u300c\u8abf\u3079\u305f\u304c\u898b\u3064\u304b\u3089\u306a\u304b\u3063\u305f\u300d\u3067\u306f\u306a\u304f\u3001\u4f1a\u793e\u304c\u66f8\u985e\u3067\u660e\u8a00\u3057\u3066\u3044\u308b\u4e8b\u5b9f\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u512a\u5f85\u304c\u306a\u3044\u9298\u67c4\u306a\u306e\u3067\u3001\u3053\u3053\u3067\u306f\u914d\u5f53\u3068\u8cc7\u672c\u653f\u7b56\u3092\u307e\u3068\u3081\u3066\u898b\u3066\u3044\u304d\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">9-1. \u914d\u5f53\u65b9\u91dd\u3068\u914d\u5f53\u306e\u5c65\u6b74<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f1a\u793e\u306e\u914d\u5f53\u65b9\u91dd\u306f\u6b21\u306e\u3068\u304a\u308a\u3067\u3059\uff08\u6709\u4fa1\u8a3c\u5238\u5831\u544a\u66f8\u300c\u914d\u5f53\u653f\u7b56\u300d\u3088\u308a\uff09\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\">\u7d4c\u55b6\u6210\u7e3e\u3001\u8ca1\u52d9\u72b6\u6cc1\u53ca\u3073\u4eca\u5f8c\u306e\u4e8b\u696d\u5c55\u958b\u3092\u52d8\u6848\u3057\u3001\u5fc5\u8981\u306a\u5185\u90e8\u7559\u4fdd\u3092\u78ba\u4fdd\u3057\u3064\u3064\u3001\u9023\u7d50\u914d\u5f53\u6027\u541130\uff05\u4ee5\u4e0a\u304b\u3064\u9023\u7d50\u682a\u4e3b\u8cc7\u672c\u914d\u5f53\u7387\uff08\uff24\uff2f\uff25\uff09\uff13\uff05\u4ee5\u4e0a\u3092\u76ee\u6a19\u3068\u3057\u3001\u696d\u7e3e\u306b\u5fdc\u3058\u305f\u914d\u5f53\u3092\u7d99\u7d9a\u3057\u3066\u3044\u304f<\/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\uff1aDOE\uff08\u682a\u4e3b\u8cc7\u672c\u914d\u5f53\u7387\uff09<\/strong> \u914d\u5f53\u7dcf\u984d\u00f7\u682a\u4e3b\u8cc7\u672c\u3002\u5229\u76ca\u306b\u5bfe\u3059\u308b\u5272\u5408\u3067\u3042\u308b\u914d\u5f53\u6027\u5411\u3068\u9055\u3044\u3001\u84c4\u7a4d\u3057\u305f\u8cc7\u672c\u306b\u5bfe\u3059\u308b\u5272\u5408\u306a\u306e\u3067\u3001<strong>\u8d64\u5b57\u3084\u6e1b\u76ca\u306e\u5e74\u3067\u3082\u914d\u5f53\u306e\u4e0b\u9650\u3092\u3064\u304f\u308b\u50cd\u304d<\/strong>\u304c\u3042\u308a\u307e\u3059\u3002\u3053\u306e\u4f1a\u793e\u306e\u65b9\u91dd\u306f\u300c\u914d\u5f53\u6027\u541130%\u4ee5\u4e0a\u300d\u3068\u300cDOE3%\u4ee5\u4e0a\u300d\u306e\u4e21\u65b9\uff08\u304b\u3064\uff09\u3092\u6e80\u305f\u3059\u3053\u3068\u3092\u76ee\u6a19\u3068\u3057\u3066\u3044\u308b\u306e\u3067\u3001\u6bce\u671f\u3001\u9ad8\u3044\u307b\u3046\u304c\u5b9f\u969b\u306e\u914d\u5f53\u984d\u3092\u6c7a\u3081\u308b\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n<\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\">\u914d\u5f53\u306e\u5c65\u6b74\u3068\u4eca\u671f\u4e88\u60f3\u3067\u3059\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\u6c7a\u7b97\u671f<\/th><th>\u5e74\u9593\u914d\u5f53\uff08\u3059\u3079\u3066\u671f\u672b\uff09<\/th><th>\u914d\u5f53\u6027\u5411<\/th><th>DOE<\/th><\/tr><\/thead><tbody><tr><td>2024\u5e743\u6708\u671f<\/td><td>93\u5186<\/td><td>38.3%<\/td><td>\u2014<\/td><\/tr><tr><td>2025\u5e743\u6708\u671f<\/td><td>100\u5186<\/td><td>33.3%<\/td><td>3.0%<\/td><\/tr><tr><td>2026\u5e743\u6708\u671f<\/td><td>105\u5186<\/td><td>37.8%<\/td><td>3.0%<\/td><\/tr><tr><td>2027\u5e743\u6708\u671f \u671f\u521d\u4e88\u60f3\uff085\u670815\u65e5\uff09<\/td><td>110\u5186<\/td><td>38.5%<\/td><td>3.0%<\/td><\/tr><tr><td>2027\u5e743\u6708\u671f \u4fee\u6b63\u4e88\u60f3\uff088\u67087\u65e5\uff09<\/td><td>144\u5186<\/td><td>30.0%<\/td><td>3.7%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u3053\u3053\u306b\u300c\u898b\u3048\u65b9\u304c\u8aa4\u89e3\u3092\u751f\u3080\u6570\u5b57\u300d\u304c\u3072\u3068\u3064\u3042\u308a\u307e\u3059\u3002<\/strong> \u914d\u5f53\u306f110\u5186\u304b\u3089144\u5186\u307830.9%\u306e\u5897\u914d\u3067\u3059\u304c\u3001\u914d\u5f53\u6027\u5411\u306f38.5%\u304b\u308930.0%\u3078\u300c\u4e0b\u304c\u3063\u3066\u300d\u3044\u307e\u3059\u3002\u7406\u7531\u306f\u5358\u7d14\u3067\u3001EPS\u4e88\u60f3\u304c285.83\u5186\u304b\u3089479.71\u5186\u307867.8%\u5897\u3048\u305f\u304b\u3089\u3067\u3059\u3002\u5897\u914d\u7387\uff0830.9%\uff09\u3088\u308a\u5229\u76ca\u306e\u4f38\u3073\uff0867.8%\uff09\u306e\u307b\u3046\u304c\u5927\u304d\u3051\u308c\u3070\u3001\u5897\u914d\u3057\u3066\u3082\u914d\u5f53\u6027\u5411\u306f\u4e0b\u304c\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u305d\u3057\u3066\u4fee\u6b63\u5f8c\u306e\u914d\u5f53\u6027\u541130.0%\u306f\u3001<strong>\u4f1a\u793e\u306e\u65b9\u91dd\u306e\u4e0b\u9650\u3061\u3087\u3046\u3069<\/strong>\u3067\u3059\u3002\u65b9\u91dd\u306e\u3082\u3046\u4e00\u65b9\u306e\u8ef8\u3067\u3042\u308bDOE3%\u3092\u5f53\u3066\u306f\u3081\u308b\u3068\u3001\u914d\u5f53\u306e\u4e0b\u9650\u306f\u6b21\u306e\u3088\u3046\u306b\u9006\u7b97\u3067\u304d\u307e\u3059\u3002<\/p>\n\n\n\n<pre class=\"wp-block-code\"><code>DOE3.7%\u306b\u76f8\u5f53\u3059\u308b\u682a\u4e3b\u8cc7\u672c \uff1d 1\u682a144\u5186 \u00d7 3,503,887\u682a \u00f7 0.037 \uff1d \u7d04136\u510437\u767e\u4e07\u5186\nDOE3%\u3067\u306e\u914d\u5f53\u7dcf\u984d \uff1d 136\u510437\u767e\u4e07\u5186 \u00d7 3% \uff1d \u7d044\u510409\u767e\u4e07\u5186\n1\u682a\u5f53\u305f\u308a \uff1d 4\u510409\u767e\u4e07\u5186 \u00f7 3,503,887\u682a \uff1d \u7d04116.76\u5186<\/code><\/pre>\n\n\n\n<p class=\"wp-block-paragraph\">\u3064\u307e\u308a\u65b9\u91dd\u306e2\u3064\u306e\u4e0b\u9650\u3092\u5f53\u3066\u306f\u3081\u308b\u3068\u3001\u914d\u5f53\u6027\u541130%\u57fa\u6e96\u306e144\u5186\u306e\u307b\u3046\u304c\u3001DOE3%\u57fa\u6e96\u306e\u7d04117\u5186\u3088\u308a\u9ad8\u304f\u306a\u308a\u307e\u3059\u3002\u4eca\u671f\u306e144\u5186\u306f\u3001<strong>\u300c\u914d\u5f53\u6027\u541130%\u4ee5\u4e0a\u300d\u3068\u3044\u3046\u6761\u4ef6\u304c\u52b9\u3044\u3066\u6c7a\u307e\u3063\u305f\u91d1\u984d<\/strong>\u3067\u3001\u65b9\u91dd\u306e\u4e0b\u9650\u305d\u306e\u3082\u306e\u3067\u3059\u3002\u4eca\u5f8c\u3055\u3089\u306b\u5229\u76ca\u304c\u4e0a\u632f\u308c\u308c\u3070\u914d\u5f53\u3082\u9023\u52d5\u3057\u3066\u5897\u3048\u308b\u8a2d\u8a08\u3067\u3059\u304c\u3001\u9006\u306b\u8a00\u3048\u3070\u3001\u3044\u307e\u306e144\u5186\u306f\u7d4c\u55b6\u5224\u65ad\u3067\u65b9\u91dd\u3088\u308a\u4e0a\u4e57\u305b\u3055\u308c\u305f\u91d1\u984d\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u914d\u5f53\u306f<strong>\u5e741\u56de\u30fb\u671f\u672b\u306e\u307f<\/strong>\u3067\u3059\u3002\u4e2d\u9593\u914d\u5f53\u306f\u5b9f\u65bd\u3057\u3066\u3044\u307e\u305b\u3093\u3002\u305f\u3060\u3057\u5b9a\u6b3e\u4e0a\u306f\u5270\u4f59\u91d1\u306e\u914d\u5f53\u306e\u57fa\u6e96\u65e5\u3068\u3057\u30669\u670830\u65e5\u30683\u670831\u65e5\u306e\u4e21\u65b9\u304c\u5b9a\u3081\u3089\u308c\u3066\u304a\u308a\uff08\u6709\u4fa1\u8a3c\u5238\u5831\u544a\u66f8\u300c\u682a\u5f0f\u4e8b\u52d9\u306e\u6982\u8981\u300d\uff09\u3001\u5236\u5ea6\u3068\u3057\u3066\u306f\u4e2d\u9593\u914d\u5f53\u3092\u884c\u3046\u4f59\u5730\u304c\u3042\u308a\u307e\u3059\u3002<strong>\u5b9a\u6b3e\u4e0a\u306e\u5236\u5ea6\u3068\u3001\u5b9f\u969b\u306e\u5b9f\u65bd\u5b9f\u7e3e\u306f\u5225\u7269<\/strong>\u3067\u3042\u308b\u70b9\u306b\u6ce8\u610f\u3057\u3066\u304f\u3060\u3055\u3044\u3002\u307e\u305f\u3001\u5270\u4f59\u91d1\u306e\u914d\u5f53\u306f\u4f1a\u793e\u6cd5\u7b2c459\u6761\u7b2c1\u9805\u306e\u898f\u5b9a\u306b\u3088\u308a\u53d6\u7de0\u5f79\u4f1a\u6c7a\u8b70\u3067\u884c\u3046\u65e8\u304c\u5b9a\u6b3e\u306b\u5b9a\u3081\u3089\u308c\u3066\u3044\u307e\u3059\uff082026\u5e743\u6708\u671f\u306e\u671f\u672b\u914d\u5f53\u30822026\u5e745\u670815\u65e5\u306e\u53d6\u7de0\u5f79\u4f1a\u6c7a\u8b70\u3067\u3059\uff09\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\u6a29\u5229\u4ed8\u304d\u6700\u7d42\u65e5<\/strong> \u914d\u5f53\u3092\u3082\u3089\u3046\u306b\u306f\u3001\u57fa\u6e96\u65e5\u306e\u6642\u70b9\u3067\u682a\u4e3b\u540d\u7c3f\u306b\u8f09\u3063\u3066\u3044\u308b\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002\u56fd\u5185\u682a\u5f0f\u306e\u53d7\u3051\u6e21\u3057\u306f\u7d04\u5b9a\u65e5\u304b\u30892\u55b6\u696d\u65e5\u5f8c\uff08T+2\uff09\u306a\u306e\u3067\u3001<strong>\u57fa\u6e96\u65e5\u306e2\u55b6\u696d\u65e5\u524d\u307e\u3067\u306b\u8cb7\u3046<\/strong>\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u30022027\u5e743\u6708\u671f\u306e\u671f\u672b\u914d\u5f53\u306e\u57fa\u6e96\u65e5\u306f2027\u5e743\u670831\u65e5\uff08\u6c34\u66dc\u65e5\uff09\u306a\u306e\u3067\u3001\u6a29\u5229\u4ed8\u304d\u6700\u7d42\u65e5\u306f**2027\u5e743\u670829\u65e5\uff08\u6708\u66dc\u65e5\uff09**\u3068\u306a\u308a\u307e\u3059\uff08\u7b46\u8005\u306e\u8a08\u7b97\u3002\u53d6\u5f15\u6240\u306e\u4f11\u696d\u65e5\u306e\u8a2d\u5b9a\u306b\u3088\u3063\u3066\u5909\u308f\u308b\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\uff09\u3002\u524d\u671f\u306e\u914d\u5f53\u306e\u52b9\u529b\u767a\u751f\u65e5\u306f2026\u5e746\u670810\u65e5\u3067\u3057\u305f\u3002<\/p>\n<\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\">9-2. \u682a\u6570\u306e\u5897\u6e1b\u3068\u5e0c\u8584\u5316<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u3053\u306e\u4f1a\u793e\u306f<strong>\u6f5c\u5728\u682a\u5f0f\u304c\u3042\u308a\u307e\u305b\u3093<\/strong>\u3002\u6709\u4fa1\u8a3c\u5238\u5831\u544a\u66f8\u306e\u300c\u65b0\u682a\u4e88\u7d04\u6a29\u7b49\u306e\u72b6\u6cc1\u300d\u3067\u306f\u3001\u30b9\u30c8\u30c3\u30af\u30aa\u30d7\u30b7\u30e7\u30f3\u5236\u5ea6\u30fb\u30e9\u30a4\u30c4\u30d7\u30e9\u30f3\u30fb\u305d\u306e\u4ed6\u306e\u65b0\u682a\u4e88\u7d04\u6a29\u7b49\u306e\u3044\u305a\u308c\u3082\u300c\u8a72\u5f53\u4e8b\u9805\u306f\u3042\u308a\u307e\u305b\u3093\u300d\u3002\u6c7a\u7b97\u77ed\u4fe1\u306e\u6f5c\u5728\u682a\u5f0f\u8abf\u6574\u5f8c1\u682a\u5f53\u305f\u308a\u56db\u534a\u671f\u7d14\u5229\u76ca\u3082\u300c\uff0d\u300d\uff08\u6f5c\u5728\u682a\u5f0f\u304c\u5b58\u5728\u3057\u306a\u3044\u305f\u3081\u8a18\u8f09\u306a\u3057\uff09\u3067\u3059\u30022\u3064\u306e\u66f8\u985e\u3067\u88cf\u304c\u53d6\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3053\u308c\u306f\u8aad\u8005\u306b\u3068\u3063\u3066\u5b9f\u52d9\u4e0a\u306e\u610f\u5473\u304c\u3042\u308a\u307e\u3059\u3002<strong>\u682a\u4fa1\u60c5\u5831\u30b5\u30a4\u30c8\u306b\u8868\u793a\u3055\u308c\u308bEPS\u3084PER\u3092\u3001\u5e0c\u8584\u5316\u306e\u8abf\u6574\u306a\u3057\u306b\u305d\u306e\u307e\u307e\u4f7f\u3048\u308b\u6570\u5c11\u306a\u3044\u30bf\u30a4\u30d7\u306e\u9298\u67c4<\/strong>\u3060\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u682a\u6570\u304c\u52d5\u304f\u552f\u4e00\u306e\u8981\u56e0\u306f\u3001\u5f79\u54e1\u5411\u3051\u306e\u8b72\u6e21\u5236\u9650\u4ed8\u682a\u5f0f\u5831\u916c\u3067\u3059\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\u767a\u884c\u65e5<\/th><th>\u767a\u884c\u682a\u6570<\/th><th>\u767a\u884c\u5f8c\u306e\u767a\u884c\u6e08\u682a\u5f0f\u7dcf\u6570<\/th><\/tr><\/thead><tbody><tr><td>2021\u5e747\u670830\u65e5<\/td><td>3,743\u682a<\/td><td>3,541,286\u682a<\/td><\/tr><tr><td>2022\u5e747\u670830\u65e5<\/td><td>5,635\u682a<\/td><td>3,546,921\u682a<\/td><\/tr><tr><td>2023\u5e747\u670831\u65e5<\/td><td>6,177\u682a<\/td><td>3,553,098\u682a<\/td><\/tr><tr><td>2024\u5e74\u30fb2025\u5e74<\/td><td>\u767a\u884c\u306a\u3057<\/td><td>3,553,098\u682a<\/td><\/tr><tr><td>2026\u5e747\u670831\u65e5<\/td><td>5,316\u682a<\/td><td>3,558,414\u682a<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">2026\u5e747\u670814\u65e5\u306e\u53d6\u7de0\u5f79\u4f1a\u3067\u6c7a\u8b70\u3055\u308c\u305f\u4eca\u56de\u306e\u767a\u884c\u306f\u3001\u5f53\u793e\u53d6\u7de0\u5f795\u540d\u306b4,397\u682a\u3001\u5b50\u4f1a\u793e\uff08\u5185\u5916\u30a8\u30ec\u30af\u30c8\u30ed\u30cb\u30af\u30b9\uff09\u53d6\u7de0\u5f793\u540d\u306b919\u682a\u3002\u767a\u884c\u4fa1\u984d\u306f1\u682a3,325\u5186\u3067\u3001<strong>\u53d6\u7de0\u5f79\u4f1a\u6c7a\u8b70\u65e5\u306e\u76f4\u524d\u55b6\u696d\u65e5\uff082026\u5e747\u670813\u65e5\uff09\u306e\u6771\u4eac\u8a3c\u5238\u53d6\u5f15\u6240\u306b\u304a\u3051\u308b\u7d42\u5024<\/strong>\u304c\u305d\u306e\u307e\u307e\u4f7f\u308f\u308c\u3066\u3044\u307e\u3059\u3002\u8b72\u6e21\u5236\u9650\u671f\u9593\u306f2026\u5e747\u670831\u65e5\u304b\u30892029\u5e747\u670830\u65e5\u307e\u3067\u306e3\u5e74\u9593\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u5e0c\u8584\u5316\u306e\u898f\u6a21\u306f 5,316\u682a \u00f7 3,553,098\u682a \uff1d <strong>0.15%<\/strong>\u3002\u901a\u671f\u4e88\u60f3EPS479.71\u5186\u306e\u5206\u6bcd\u3092\u9006\u7b97\u3059\u308b\u3068 16\u510480\u767e\u4e07\u5186 \u00f7 479.71\u5186 \uff1d \u7d043,502,116\u682a\u3067\u3001\u7b2c1\u56db\u534a\u671f\u306e\u671f\u4e2d\u5e73\u57473,498,589\u682a\u306b7\u670831\u65e5\u767a\u884c\u5206\u306e\u671f\u9593\u6309\u5206\uff085,316\u682a\u00d78\/12\uff1d\u7d043,544\u682a\uff09\u3092\u8db3\u3057\u305f\u6c34\u6e96\u3068\u6574\u5408\u3057\u307e\u3059\u3002EPS\u4e88\u60f3\u306f\u3053\u306e\u767a\u884c\u3092\u7e54\u308a\u8fbc\u3093\u3067\u3044\u308b\u3001\u3068\u8aad\u3081\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u81ea\u5df1\u682a\u5f0f\u306f2026\u5e746\u6708\u672b\u306754,527\u682a\uff08\u767a\u884c\u6e08\u682a\u5f0f\u7dcf\u6570\u306e1.53%\uff09\u3002\u524d\u671f\u672b54,482\u682a\u304b\u3089\u306e45\u682a\u306e\u5897\u52a0\u306f\u5358\u5143\u672a\u6e80\u682a\u306e\u8cb7\u53d6\u308a\u306b\u3088\u308b\u3082\u306e\u3067\u3001<strong>\u76f4\u8fd1\u306b\u81ea\u5df1\u682a\u5f0f\u53d6\u5f97\u306e\u5b9f\u65bd\u306f\u3042\u308a\u307e\u305b\u3093<\/strong>\u3002\u4e2d\u8a08\u306e\u682a\u4e3b\u9084\u5143\u65b9\u91dd\u306b\u306f\u300c\u5e02\u5834\u74b0\u5883\u3092\u8e0f\u307e\u3048\u591a\u69d8\u306a\u9084\u5143\u624b\u6bb5\u3092\u691c\u8a0e\u300d\u3068\u66f8\u304b\u308c\u3066\u3044\u307e\u3059\u304c\u3001\u5177\u4f53\u7684\u306a\u81ea\u5df1\u682a\u5f0f\u53d6\u5f97\u306e\u67a0\u306f\u73fe\u6642\u70b9\u3067\u516c\u8868\u3055\u308c\u3066\u3044\u307e\u305b\u3093\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u306a\u304a\u3001\u4e2d\u8a08\u306e\u682a\u4e3b\u9084\u5143\u65b9\u91dd\u306b\u306f\u300c\u3088\u308a\u591a\u304f\u306e\u6295\u8cc7\u5bb6\u306e\u7686\u69d8\u306b\u3054\u53c2\u52a0\u3044\u305f\u3060\u3051\u308b\u3088\u3046\u3001\u6295\u8cc7\u5358\u4f4d\u306e\u5f15\u4e0b\u3052\u3092\u691c\u8a0e\u300d\u3068\u3044\u3046\u4e00\u6587\u304c\u3042\u308a\u307e\u3059\u3002\u5358\u5143\u682a\u5f0f\u6570\u306f100\u682a\u3067\u3001\u682a\u4fa14,000\u5186\u53f0\u306a\u3089\u6700\u4f4e\u6295\u8cc7\u91d1\u984d\u306f40\u4e07\u5186\u524d\u5f8c\u3067\u3059\u3002\u682a\u5f0f\u5206\u5272\u306e\u53ef\u80fd\u6027\u3092\u793a\u5506\u3059\u308b\u8a18\u8ff0\u3068\u3057\u3066\u3001\u4e8b\u5b9f\u3060\u3051\u8a18\u9332\u3057\u3066\u304a\u304d\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">9-3. \u58f2\u4e0a\u306e69.4%\u304c1\u30b0\u30eb\u30fc\u30d7\u2500\u2500\u4f9d\u5b58\u69cb\u9020\u306e\u6570\u5b57<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u6709\u4fa1\u8a3c\u5238\u5831\u544a\u66f8\u306e\u300c\u4e8b\u696d\u7b49\u306e\u30ea\u30b9\u30af\u300d\u306b\u306f\u3001\u53d6\u5f15\u5148\u3068\u4ed5\u5165\u5148\u306e\u4f9d\u5b58\u5ea6\u304c\u5b9f\u6570\u3067\u66f8\u304b\u308c\u3066\u3044\u307e\u3059\u3002\u3053\u308c\u306f\u6295\u8cc7\u5224\u65ad\u306b\u76f4\u7d50\u3059\u308b\u60c5\u5831\u306a\u306e\u3067\u3001\u305d\u306e\u307e\u307e\u5f15\u304d\u307e\u3059\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\u533a\u5206<\/th><th>\u76f8\u624b\u5148<\/th><th>2024\u5e743\u6708\u671f<\/th><th>2025\u5e743\u6708\u671f<\/th><th>2026\u5e743\u6708\u671f<\/th><\/tr><\/thead><tbody><tr><td>\u58f2\u4e0a\u4f9d\u5b58\u5ea6<\/td><td>\u6771\u4eac\u30a8\u30ec\u30af\u30c8\u30ed\u30f3\u30b0\u30eb\u30fc\u30d7<\/td><td>75.3%<\/td><td>72.5%<\/td><td>69.4%<\/td><\/tr><tr><td>\u4ed5\u5165\u4f9d\u5b58\u5ea6<\/td><td>SMC\u682a\u5f0f\u4f1a\u793e<\/td><td>40.6%<\/td><td>40.8%<\/td><td>36.6%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f1a\u793e\u306e\u8a18\u8f09\u306f\u3053\u3046\u3067\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\">\u53d6\u5f15\u306e\u30d1\u30a4\u30d7\u304c\u592a\u3044\u3053\u3068\u306f\u30d3\u30b8\u30cd\u30b9\u30c1\u30e3\u30f3\u30b9\u3067\u3082\u3042\u308a\u307e\u3059\u306e\u3067\u3001\u30cb\u30fc\u30ba\u306e\u5148\u53d6\u308a\u306b\u52aa\u3081\u3001\u5e45\u5e83\u3044\u4e8b\u696d\u5c55\u958b\u306b\u3088\u308a\u4eca\u5f8c\u3082\u53d6\u5f15\u306e\u7dad\u6301\u30fb\u62e1\u5927\u306b\u52aa\u3081\u308b\u6240\u5b58\u3067\u3059\u304c\u3001\u540c\u793e\u30b0\u30eb\u30fc\u30d7\u5404\u793e\u3078\u306e\u4f9d\u5b58\u5ea6\u304c\u9ad8\u3044\u3053\u3068\u304b\u3089\u540c\u793e\u30b0\u30eb\u30fc\u30d7\u5404\u793e\u3068\u306e\u53d6\u5f15\u304c\u5927\u5e45\u306b\u6e1b\u5c11\u3057\u305f\u5834\u5408\u306e\u5f53\u793e\u30b0\u30eb\u30fc\u30d7\u58f2\u4e0a\u9ad8\u3078\u306e\u5f71\u97ff\u306e\u307b\u304b\u3001\u540c\u793e\u30b0\u30eb\u30fc\u30d7\u5404\u793e\u304c\u751f\u7523\u8a08\u753b\u3092\u5909\u66f4\u3057\u305f\u5834\u5408\u3084\u4e3b\u8981\u53d6\u6271\u5546\u54c1\u3092\u5909\u66f4\u3057\u305f\u5834\u5408\u306e\u5f53\u793e\u5728\u5eab\u5546\u54c1\u306e\u8a55\u4fa1\u3078\u306e\u5f71\u97ff\u304c\u8003\u3048\u3089\u308c\u307e\u3059\u3002<\/p>\n<\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\">SMC\u682a\u5f0f\u4f1a\u793e\u3068\u306f1965\u5e7411\u6708\u304b\u3089\u7a7a\u6c17\u5727\u6a5f\u5668\u306e\u4ee3\u7406\u5e97\u5951\u7d04\u3092\u7de0\u7d50\u3057\u3066\u3044\u307e\u3059\u300260\u5e74\u4ee5\u4e0a\u306e\u95a2\u4fc2\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u5192\u982d\u306e\u4f8b\u3048\u306b\u623b\u308b\u3068\u3001\u3053\u306e\u4f1a\u793e\u306f\u300c\u6771\u4eac\u30a8\u30ec\u30af\u30c8\u30ed\u30f3\u3068\u3044\u3046\u4e00\u793e\u306e\u8cfc\u8cb7\u90e8\u3068\u7d44\u7acb\u5de5\u5834\u3092\u5916\u304b\u3089\u5f15\u304d\u53d7\u3051\u3066\u3044\u308b\u4f1a\u793e\u300d\u3067\u3057\u305f\u3002<strong>\u5f15\u304d\u53d7\u3051\u3066\u3044\u308b\u76f8\u624b\u304c1\u793e\u3067\u3042\u308b\u3053\u3068\u306f\u3001\u5f37\u307f\u3068\u5f31\u307f\u306e\u4e21\u65b9\u3092\u540c\u6642\u306b\u8aac\u660e\u3057\u307e\u3059\u3002<\/strong> \u76f8\u624b\u306e\u8a2d\u5099\u6295\u8cc7\u304c\u7acb\u3061\u4e0a\u304c\u308c\u3070\u53d7\u6ce8\u306f\u771f\u3063\u5148\u306b\u6765\u308b\uff08\u7b2c1\u56db\u534a\u671f\u306e\u53d7\u6ce8\u9ad8\u306f\u524d\u5e74\u540c\u671f\u306e2.2\u500d\uff09\u3002\u76f8\u624b\u304c\u6b62\u307e\u308c\u3070\u81ea\u5206\u3082\u6b62\u307e\u308b\uff082023\u5e743\u6708\u671f\u304b\u30893\u671f\u3067\u58f2\u4e0a28%\u6e1b\uff09\u3002\u4f9d\u5b58\u5ea6\u306f75.3%\u219272.5%\u219269.4%\u30683\u5e74\u30675.9\u30dd\u30a4\u30f3\u30c8\u4e0b\u304c\u3063\u3066\u306f\u3044\u307e\u3059\u304c\u3001\u3053\u308c\u306f\u5206\u6bcd\u3067\u3042\u308b\u81ea\u793e\u58f2\u4e0a\u304c\u6e1b\u308b\u306a\u304b\u3067\u8d77\u304d\u305f\u4f4e\u4e0b\u3067\u3082\u3042\u308a\u3001<strong>\u4eca\u671f\u306e\u3088\u3046\u306b\u6771\u4eac\u30a8\u30ec\u30af\u30c8\u30ed\u30f3\u5411\u3051\u304c\u6025\u5897\u3059\u308b\u5c40\u9762\u3067\u306f\u6bd4\u7387\u304c\u518d\u3073\u4e0a\u304c\u308b\u53ef\u80fd\u6027\u3082\u3042\u308a\u307e\u3059<\/strong>\u3002\u6b21\u306e\u6709\u4fa1\u8a3c\u5238\u5831\u544a\u66f8\uff082027\u5e746\u6708\u9803\uff09\u306e\u6570\u5b57\u306f\u898b\u3066\u304a\u304d\u305f\u3044\u3068\u3053\u308d\u3067\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">9-4. \u653f\u7b56\u4fdd\u6709\u682a\u5f0f\u3068\u3001\u6295\u8cc7\u6709\u4fa1\u8a3c\u5238\u306e\u5897\u52a0<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">2026\u5e746\u6708\u672b\u306e\u6295\u8cc7\u6709\u4fa1\u8a3c\u5238\u306f15\u510438\u767e\u4e07\u5186\u3067\u3001\u524d\u671f\u672b9\u510443\u767e\u4e07\u5186\u304b\u30895\u510495\u767e\u4e07\u5186\u5897\u3048\u3066\u3044\u307e\u3059\u3002\u4e2d\u8eab\u306f\u653f\u7b56\u4fdd\u6709\u682a\u5f0f\u3067\u3001\u6709\u4fa1\u8a3c\u5238\u5831\u544a\u66f8\u306b\u9298\u67c4\u5225\u306e\u5185\u8a33\u304c\u958b\u793a\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\u9298\u67c4<\/th><th>\u682a\u5f0f\u6570<\/th><th>2026\u5e743\u6708\u671f\u672b \u7c3f\u4fa1<\/th><th>2025\u5e743\u6708\u671f\u672b \u7c3f\u4fa1<\/th><th>\u4fdd\u6709\u76ee\u7684\uff08\u4f1a\u793e\u8a18\u8f09\u306e\u8981\u65e8\uff09<\/th><\/tr><\/thead><tbody><tr><td>\u6771\u4eac\u30a8\u30ec\u30af\u30c8\u30ed\u30f3\u682a\u5f0f\u4f1a\u793e<\/td><td>12,900\u682a<\/td><td>4\u510480\u767e\u4e07\u5186<\/td><td>2\u510459\u767e\u4e07\u5186<\/td><td>\u91cd\u8981\u53d6\u5f15\u5148\u3002\u53d6\u5f15\u95a2\u4fc2\u306e\u7dad\u6301\u3001\u767a\u5c55<\/td><\/tr><tr><td>SMC\u682a\u5f0f\u4f1a\u793e<\/td><td>3,213\u682a<\/td><td>1\u510492\u767e\u4e07\u5186<\/td><td>1\u510469\u767e\u4e07\u5186<\/td><td>\u91cd\u8981\u4ed5\u5165\u5148\u3002\u4ee3\u7406\u5e97\u5951\u7d04<\/td><\/tr><tr><td>\u682a\u5f0f\u4f1a\u793e\u5c71\u5584<\/td><td>64,204\u682a<\/td><td>0\u510492\u767e\u4e07\u5186<\/td><td>0\u510483\u767e\u4e07\u5186<\/td><td>\u91cd\u8981\u4ed5\u5165\u5148\u3002\u7279\u7d04\u5e97\u5951\u7d04<\/td><\/tr><tr><td>\u682a\u5f0f\u4f1a\u793e\u6771\u4eac\u304d\u3089\u307c\u3057\u30d5\u30a3\u30ca\u30f3\u30b7\u30e3\u30eb\u30b0\u30eb\u30fc\u30d7<\/td><td>7,400\u682a<\/td><td>0\u510481\u767e\u4e07\u5186<\/td><td>0\u510443\u767e\u4e07\u5186<\/td><td>\u4e3b\u8981\u53d6\u5f15\u91d1\u878d\u6a5f\u95a2<\/td><\/tr><tr><td>\u682a\u5f0f\u4f1a\u793e\u4e09\u83f1UFJ\u30d5\u30a3\u30ca\u30f3\u30b7\u30e3\u30eb\u30fb\u30b0\u30eb\u30fc\u30d7<\/td><td>3,000\u682a<\/td><td>0\u510407\u767e\u4e07\u5186<\/td><td>0\u510406\u767e\u4e07\u5186<\/td><td>\u4e3b\u8981\u53d6\u5f15\u91d1\u878d\u6a5f\u95a2<\/td><\/tr><tr><td>\u4e0a\u5834\u682a\u5f0f \u5408\u8a08\uff085\u9298\u67c4\uff09<\/td><td>\u2014<\/td><td>8\u510454\u767e\u4e07\u5186<\/td><td>5\u510460\u767e\u4e07\u5186<\/td><td>\u2014<\/td><\/tr><tr><td>\u975e\u4e0a\u5834\u682a\u5f0f\uff083\u9298\u67c4\uff09<\/td><td>\u2014<\/td><td>0\u510489\u767e\u4e07\u5186<\/td><td>\u2014<\/td><td>\u2014<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u3053\u306e\u5897\u52a0\u306f\u300c\u8cb7\u3063\u305f\u300d\u306e\u3067\u306f\u306a\u304f\u300c\u5024\u4e0a\u304c\u308a\u3057\u305f\u300d\u3082\u306e\u3067\u3059\u3002<\/strong> \u691c\u7b97\u3057\u3066\u307f\u307e\u3059\u3002\u7b2c1\u56db\u534a\u671f\u306e\u305d\u306e\u4ed6\u6709\u4fa1\u8a3c\u5238\u8a55\u4fa1\u5dee\u984d\u91d1\u306f5\u510432\u767e\u4e07\u5186\u304b\u30899\u510440\u767e\u4e07\u5186\u30784\u510407\u767e\u4e07\u5186\u5897\u3048\u307e\u3057\u305f\u3002\u3053\u308c\u306f\u7a0e\u52b9\u679c\u63a7\u9664\u5f8c\u306e\u91d1\u984d\u306a\u306e\u3067\u3001\u5b9f\u52b9\u7a0e\u738730%\u3068\u4eee\u5b9a\u3057\u3066\u7a0e\u5f15\u524d\u306b\u623b\u3059\u3068 4\u510407\u767e\u4e07\u5186 \u00f7 0.7 \uff1d 5\u510482\u767e\u4e07\u5186\u3002\u6295\u8cc7\u6709\u4fa1\u8a3c\u5238\u306e\u5897\u52a0\u984d5\u510495\u767e\u4e07\u5186\u3068\u307b\u307c\u4e00\u81f4\u3057\u307e\u3059\uff08\u5dee13\u767e\u4e07\u5186\u306f\u3001\u6709\u4fa1\u8a3c\u5238\u5831\u544a\u66f8\u306b\u8a18\u8f09\u306e\u3042\u308b\u6301\u682a\u4f1a\u306b\u3088\u308b\u5b9a\u671f\u8cfc\u5165\u5206\u306a\u3069\u3068\u8003\u3048\u3089\u308c\u307e\u3059\uff09\u3002\u682a\u6570\u306f\u307b\u3068\u3093\u3069\u52d5\u3044\u3066\u3044\u306a\u3044\u306e\u306b\u7c3f\u4fa1\u304c\u5897\u3048\u3066\u3044\u308b\u306e\u306f\u3001\u6642\u4fa1\u306e\u4e0a\u6607\u306b\u3088\u308b\u3082\u306e\u3060\u3068\u8aad\u3081\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f1a\u793e\u306f\u7e2e\u6e1b\u76ee\u6a19\u3092\u6570\u5024\u3067\u63b2\u3052\u3066\u306f\u304a\u3089\u305a\u3001\u300c\u6bce\u5e74\u3001\u53d6\u7de0\u5f79\u4f1a\u306b\u304a\u3044\u3066\u3001\u9298\u67c4\u6bce\u306b\u4fdd\u6709\u76ee\u7684\u3001\u542b\u307f\u640d\u76ca\u3001\u53d6\u5f15\u9ad8\u7b49\u3092\u8a55\u4fa1\u3057\u3001\u4fdd\u6709\u7d99\u7d9a\u306e\u5408\u7406\u6027\u53ca\u3073\u682a\u5f0f\u6570\u306e\u898b\u76f4\u3057\u7b49\u3092\u78ba\u8a8d\u300d\u3057\u305f\u3046\u3048\u3067\u30012026\u5e744\u6708\u306e\u53d6\u7de0\u5f79\u4f1a\u3067\u300c5\u9298\u67c4\u3059\u3079\u3066\u3092\u4fdd\u6709\u7d99\u7d9a\u3059\u308b\u3053\u3068\u3068\u3044\u305f\u3057\u307e\u3057\u305f\u300d\u3068\u8a18\u8f09\u3057\u3066\u3044\u307e\u3059\u3002\u7d14\u8cc7\u7523\u306b\u5bfe\u3059\u308b\u6295\u8cc7\u6709\u4fa1\u8a3c\u5238\u306e\u6bd4\u7387\u306f11.7%\uff082026\u5e746\u6708\u672b\uff09\u3067\u3001\u653f\u7b56\u4fdd\u6709\u682a\u5f0f\u306e\u58f2\u5374\u304c\u4e3b\u984c\u306b\u306a\u308b\u898f\u6a21\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u304c\u3001<strong>\u6700\u5927\u306e\u58f2\u4e0a\u5148\u3067\u3042\u308b\u6771\u4eac\u30a8\u30ec\u30af\u30c8\u30ed\u30f3\u306e\u682a\u3092\u4fdd\u6709\u3057\u3066\u3044\u308b\u3053\u3068\u306f\u3001\u696d\u7e3e\u3068\u542b\u307f\u76ca\u304c\u540c\u3058\u65b9\u5411\u306b\u52d5\u304f\uff08\uff1d\u4e0b\u843d\u5c40\u9762\u3067\u306f\u4e21\u65b9\u304c\u540c\u6642\u306b\u7e2e\u3080\uff09\u3068\u3044\u3046\u610f\u5473\u3092\u6301\u3061\u307e\u3059<\/strong>\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">9-5. \u501f\u5165\u3068\u682a\u4e3b\u69cb\u6210<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u4e3b\u8981\u306a\u501f\u5165\u5148\u306f\u62db\u96c6\u901a\u77e5\u306e\u4e8b\u696d\u5831\u544a\u306b\u958b\u793a\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\u501f\u5165\u5148<\/th><th>\u501f\u5165\u984d\uff082026\u5e743\u670831\u65e5\u73fe\u5728\uff09<\/th><\/tr><\/thead><tbody><tr><td>\u682a\u5f0f\u4f1a\u793e\u304d\u3089\u307c\u3057\u9280\u884c<\/td><td>13\u510455\u767e\u4e07\u5186<\/td><\/tr><tr><td>\u682a\u5f0f\u4f1a\u793e\u65e5\u672c\u653f\u7b56\u91d1\u878d\u516c\u5eab<\/td><td>5\u510408\u767e\u4e07\u5186<\/td><\/tr><tr><td>\u682a\u5f0f\u4f1a\u793e\u4e09\u4e95\u4f4f\u53cb\u9280\u884c<\/td><td>3\u510489\u767e\u4e07\u5186<\/td><\/tr><tr><td>\u682a\u5f0f\u4f1a\u793e\u5546\u5de5\u7d44\u5408\u4e2d\u592e\u91d1\u5eab<\/td><td>3\u510451\u767e\u4e07\u5186<\/td><\/tr><tr><td>\u682a\u5f0f\u4f1a\u793e\u4e09\u83f1UFJ\u9280\u884c<\/td><td>3\u510411\u767e\u4e07\u5186<\/td><\/tr><tr><td>\u682a\u5f0f\u4f1a\u793e\u4e03\u5341\u4e03\u9280\u884c<\/td><td>2\u510442\u767e\u4e07\u5186<\/td><\/tr><tr><td>\u5408\u8a08<\/td><td>31\u510459\u767e\u4e07\u5186<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\u3053\u306e\u5408\u8a08\u306f\u3001\u6c7a\u7b97\u77ed\u4fe1\u306e\u6709\u5229\u5b50\u8ca0\u50b5\uff081\u5e74\u5185\u8fd4\u6e08\u4e88\u5b9a\u306e\u9577\u671f\u501f\u5165\u91d18\u510474\u767e\u4e07\u5186\uff0b\u9577\u671f\u501f\u5165\u91d122\u510484\u767e\u4e07\u5186\uff1d31\u510459\u767e\u4e07\u5186\uff09\u3068\u4e00\u81f4\u3057\u307e\u3059\u3002\u7b2c1\u56db\u534a\u671f\u672b\u306b\u306f29\u510422\u767e\u4e07\u5186\u307e\u3067\u6e1b\u3063\u3066\u3044\u307e\u3059\u3002\u73fe\u91d1\u53ca\u3073\u9810\u91d1107\u510421\u767e\u4e07\u5186\u306b\u5bfe\u3057\u3066\u6709\u5229\u5b50\u8ca0\u50b529\u510422\u767e\u4e07\u5186\u3067\u3059\u304b\u3089\u3001<strong>\u5b9f\u8cea\u7121\u501f\u91d1\u306b\u8fd1\u3044\u8ca1\u52d9<\/strong>\u3067\u3059\u3002\u8ca1\u52d9\u5236\u9650\u6761\u9805\u306b\u95a2\u3059\u308b\u8a18\u8f09\u306f\u3001\u78ba\u8a8d\u3067\u304d\u305f\u958b\u793a\u306e\u306a\u304b\u306b\u306f\u898b\u5f53\u305f\u308a\u307e\u305b\u3093\u3067\u3057\u305f\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u682a\u4e3b\u69cb\u6210\u3067\u3059\uff082026\u5e743\u670831\u65e5\u73fe\u5728\uff09\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\u533a\u5206<\/th><th>\u6240\u6709\u682a\u5f0f\u306e\u5272\u5408<\/th><\/tr><\/thead><tbody><tr><td>\u500b\u4eba\u305d\u306e\u4ed6<\/td><td>76.20%<\/td><\/tr><tr><td>\u305d\u306e\u4ed6\u306e\u6cd5\u4eba<\/td><td>8.05%<\/td><\/tr><tr><td>\u5916\u56fd\u6cd5\u4eba\u7b49<\/td><td>6.86%<\/td><\/tr><tr><td>\u91d1\u878d\u6a5f\u95a2<\/td><td>5.64%<\/td><\/tr><tr><td>\u91d1\u878d\u5546\u54c1\u53d6\u5f15\u696d\u8005<\/td><td>2.89%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\u5927\u682a\u4e3b\uff08\u4e0a\u4f4d5\u540d\uff09<\/th><th>\u6301\u682a\u6570<\/th><th>\u6301\u682a\u6bd4\u7387<\/th><\/tr><\/thead><tbody><tr><td>\u6a29\u7530 \u6d69\u4e00\uff08\u53d6\u7de0\u5f79\u4f1a\u9577\uff09<\/td><td>351\u5343\u682a<\/td><td>10.04%<\/td><\/tr><tr><td>\u6a29\u7530 \u96c4\u5927<\/td><td>160\u5343\u682a<\/td><td>4.57%<\/td><\/tr><tr><td>\u6a29\u7530 \u76ca\u7f8e<\/td><td>144\u5343\u682a<\/td><td>4.13%<\/td><\/tr><tr><td>\u9ad8\u6a4b \u7950\u5b9f<\/td><td>109\u5343\u682a<\/td><td>3.11%<\/td><\/tr><tr><td>\u4e2d\u5cf6 \u79c0\u6a39<\/td><td>105\u5343\u682a<\/td><td>3.00%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\u682a\u4e3b\u6570\u306f3,557\u540d\u3002<strong>\u500b\u4eba\u682a\u4e3b\u306e\u6bd4\u7387\u304c76.20%\u3068\u9ad8\u304f\u3001\u4e0a\u4f4d10\u540d\u3092\u5408\u8a08\u3057\u3066\u308237.15%<\/strong>\uff08\u7b46\u8005\u306e\u5408\u7b97\uff09\u3067\u3001\u8b70\u6c7a\u6a29\u306e3\u5206\u306e1\u306b\u308f\u305a\u304b\u306b\u5c4a\u304d\u307e\u305b\u3093\u3002\u6a29\u7530\u59d3\u306e\u4e0a\u4f4d3\u540d\u3092\u5408\u308f\u305b\u308b\u306818.74%\u3067\u3059\u3002\u5275\u696d\u5bb6\u304c\u904e\u534a\u3092\u63e1\u308b\u30bf\u30a4\u30d7\u306e\u4f1a\u793e\u3067\u306f\u306a\u304f\u3001\u4e00\u65b9\u3067\u6d41\u901a\u682a\u5f0f\u304c\u5c11\u306a\u3044\u308f\u3051\u3067\u3082\u3042\u308a\u307e\u305b\u3093\u304c\u3001\u682a\u4e3b\u65703,557\u540d\u30fb1\u65e5\u306e\u51fa\u6765\u9ad8\u304c\u6570\u4e07\u682a\u3068\u3044\u3046\u898f\u6a21\u3067\u306f\u3001<strong>\u6750\u6599\u304c\u51fa\u305f\u3068\u304d\u306e\u5024\u52d5\u304d\u306f\u8352\u304f\u306a\u308a\u3084\u3059\u3044<\/strong>\u3068\u3044\u3046\u70b9\u306f\u62bc\u3055\u3048\u3066\u304a\u304f\u5fc5\u8981\u304c\u3042\u308a\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\u8b70\u6c7a\u6a29\u6bd4\u7387\u306e\u610f\u5473<\/strong> \u682a\u4e3b\u7dcf\u4f1a\u306e\u666e\u901a\u6c7a\u8b70\uff08\u53d6\u7de0\u5f79\u306e\u9078\u4efb\u3001\u914d\u5f53\u306e\u6c7a\u5b9a\u306a\u3069\uff09\u306f\u904e\u534a\u6570\u3001\u7279\u5225\u6c7a\u8b70\uff08\u5b9a\u6b3e\u5909\u66f4\u3001\u5408\u4f75\u306a\u3069\uff09\u306f3\u5206\u306e2\u4ee5\u4e0a\u306e\u8cdb\u6210\u304c\u5fc5\u8981\u3067\u3059\u3002\u3057\u305f\u304c\u3063\u30663\u5206\u306e1\u8d85\u3092\u6301\u3064\u682a\u4e3b\u306f\u7279\u5225\u6c7a\u8b70\u3092\u5358\u72ec\u3067\u5426\u6c7a\u3067\u304d\u3001\u904e\u534a\u6570\u3092\u6301\u3064\u682a\u4e3b\u306f\u666e\u901a\u6c7a\u8b70\u3092\u5358\u72ec\u3067\u53ef\u6c7a\u3067\u304d\u307e\u3059\u3002\u3053\u306e\u4f1a\u793e\u306e\u5834\u5408\u3001\u5358\u72ec\u3067\u3053\u308c\u3089\u306e\u6c34\u6e96\u306b\u9054\u3057\u3066\u3044\u308b\u682a\u4e3b\u306f\u3044\u307e\u305b\u3093\u3002<\/p>\n<\/blockquote>\n\n\n\n<h2 class=\"wp-block-heading\">10. \u682a\u4fa1\u306e\u898b\u65b9<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u4ee5\u4e0b\u306e\u682a\u4fa1\u306b\u4f9d\u5b58\u3059\u308b\u6570\u5024\u306f\u3001\u3059\u3079\u30662026\u5e749\u670818\u65e5\u7d42\u50244,080\u5186\u3092\u57fa\u6e96\u3068\u3057\u3066\u3044\u307e\u3059\uff08\u682a\u4fa1\u60c5\u5831\u30b5\u30a4\u30c8\u7531\u6765\u306e\u305f\u3081\u5831\u9053\u30d9\u30fc\u30b9\uff09\u3002\u3054\u89a7\u306b\u306a\u308b\u6642\u70b9\u3067\u306f\u5909\u308f\u3063\u3066\u3044\u308b\u53ef\u80fd\u6027\u304c\u9ad8\u3044\u306e\u3067\u3001\u5fc5\u305a\u3054\u81ea\u8eab\u306e\u8a3c\u5238\u30c4\u30fc\u30eb\u3067\u3054\u78ba\u8a8d\u304f\u3060\u3055\u3044\u3002<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\u6307\u6a19<\/th><th>\u6570\u5024<\/th><th>\u7b97\u51fa\u6839\u62e0<\/th><\/tr><\/thead><tbody><tr><td>\u682a\u4fa1<\/td><td>4,080\u5186\uff082026\u5e749\u670818\u65e5\u7d42\u5024\uff09<\/td><td>\u682a\u4fa1\u60c5\u5831\u30b5\u30a4\u30c8<\/td><\/tr><tr><td>\u6642\u4fa1\u7dcf\u984d<\/td><td>\u7d04145\u5104\u5186<\/td><td>4,080\u5186 \u00d7 3,558,414\u682a<\/td><\/tr><tr><td>PER\uff08\u4f1a\u793e\u4e88\u60f3\uff09<\/td><td>8.51\u500d<\/td><td>4,080\u5186 \u00f7 479.71\u5186<\/td><\/tr><tr><td>PBR<\/td><td>1.08\u500d<\/td><td>4,080\u5186 \u00f7 1\u682a\u7d14\u8cc7\u75233,763.22\u5186\uff082026\u5e746\u6708\u672b\u3001\u7b46\u8005\u306e\u7b97\u51fa\uff09<\/td><\/tr><tr><td>\u914d\u5f53\u5229\u56de\u308a\uff08\u4f1a\u793e\u4e88\u60f3\uff09<\/td><td>3.53%<\/td><td>144\u5186 \u00f7 4,080\u5186<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\u53c2\u8003\u307e\u3067\u306b\u3001\u4e00\u6b21\u60c5\u5831\u304b\u3089\u62fe\u3048\u308b\u682a\u4fa1\u306e\u57fa\u6e96\u70b9\u3068\u3001\u682a\u4fa1\u60c5\u5831\u30b5\u30a4\u30c8\u7531\u6765\u306e\u30ec\u30f3\u30b8\u3092\u4e26\u3079\u307e\u3059\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\u65e5\u4ed8<\/th><th>\u682a\u4fa1<\/th><th>\u51fa\u6240<\/th><\/tr><\/thead><tbody><tr><td>2026\u5e743\u670830\u65e5<\/td><td>2,202\u5186\uff08\u5e74\u521d\u6765\u5b89\u5024\uff09<\/td><td>\u682a\u4fa1\u60c5\u5831\u30b5\u30a4\u30c8\uff08\u5831\u9053\u30d9\u30fc\u30b9\uff09<\/td><\/tr><tr><td>2026\u5e743\u6708\u672b<\/td><td>\u7d042,280\u301c2,300\u5186<\/td><td>\u4e2d\u8a08\u8cc7\u6599\u8a18\u8f09\u306ePER8.2\u500d\u30fbPBR0.63\u500d\u304b\u3089\u7b46\u8005\u304c\u9006\u7b97<\/td><\/tr><tr><td>2026\u5e747\u670813\u65e5<\/td><td>3,325\u5186<\/td><td>\u8b72\u6e21\u5236\u9650\u4ed8\u682a\u5f0f\u5831\u916c\u306e\u958b\u793a\u306b\u8a18\u8f09\u3055\u308c\u305f\u7d42\u5024\uff08\u4e00\u6b21\u60c5\u5831\uff09<\/td><\/tr><tr><td>2026\u5e748\u670814\u65e5<\/td><td>4,650\u5186\uff08\u5e74\u521d\u6765\u9ad8\u5024\uff09<\/td><td>\u682a\u4fa1\u60c5\u5831\u30b5\u30a4\u30c8\uff08\u5831\u9053\u30d9\u30fc\u30b9\uff09<\/td><\/tr><tr><td>2026\u5e749\u670818\u65e5<\/td><td>4,080\u5186<\/td><td>\u682a\u4fa1\u60c5\u5831\u30b5\u30a4\u30c8\uff08\u5831\u9053\u30d9\u30fc\u30b9\uff09<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\u5e74\u521d\u6765\u5b89\u50242,202\u5186\u304b\u3089\u9ad8\u50244,650\u5186\u307e\u30672.11\u500d\u30028\u67087\u65e5\u306e\u4e0a\u65b9\u4fee\u6b63\u306e\u524d\u5f8c\u306b\u3042\u305f\u308b\u65e5\u3005\u306e\u5024\u52d5\u304d\u306f\u3001\u4eca\u56de\u53d6\u5f97\u3067\u304d\u305f\u7bc4\u56f2\u306e\u30c7\u30fc\u30bf\u306b\u306f\u542b\u307e\u308c\u3066\u3044\u306a\u304b\u3063\u305f\u305f\u3081\u8a18\u8f09\u3057\u307e\u305b\u3093\u3002\u4e2d\u8a08\u8cc7\u6599\u306b\u8a18\u8f09\u3055\u308c\u305fPBR0.63\u500d\uff082026\u5e743\u6708\u672b\uff09\u306f\u3001\u534a\u5e74\u30671.08\u500d\u306b\u306a\u308a\u307e\u3057\u305f\u3002<strong>\u4e2d\u8a08\u306e\u300cPBR1.0\u500d\u4ee5\u4e0a\u300d\u3068\u3044\u3046\u76ee\u6a19\u306f\u3001\u8a08\u753b\u767a\u8868\u304b\u30894\u304b\u6708\u3067\u9054\u6210\u3055\u308c\u305f<\/strong>\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u5f37\u6c17\u306b\u8aad\u3080\u6750\u6599<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u53d7\u6ce8\u6b8b\u9ad8\u304c3\u304b\u6708\u306728.5%\u5897\u3048\u3001\u30d6\u30c3\u30af\u30c8\u30a5\u30d3\u30eb\u306f1.23\u500d\u3002\u8ca9\u58f2\u4e8b\u696d\u306e\u53d7\u6ce8\u9ad8\u306f5\u56db\u534a\u671f\u9023\u7d9a\u3067\u5897\u52a0\u3057\u3066\u304a\u308a\u3001\u76f4\u8fd1\u306e126\u510487\u767e\u4e07\u5186\u306f\u5e74\u63db\u7b97\u3067507\u5104\u5186\u306b\u306a\u308b\u3002<strong>\u901a\u671f\u4e88\u60f3\u306f\u300c\u671f\u5f85\u300d\u3067\u306f\u306a\u304f\u53d7\u6ce8\u306e\u5b9f\u6e2c\u5024\u306e\u5ef6\u9577\u7dda\u4e0a\u306b\u3042\u308b<\/strong><\/li>\n\n\n\n<li>\u58f2\u4e0a\u306e\u9032\u6357\u738722.7%\u306f\u524d\u5e74\u5b9f\u7e3e\u30d9\u30fc\u30b9\u306e22.1%\u3068\u307b\u307c\u540c\u3058\u3067\u3001\u4fee\u6b63\u5f8c\u4e88\u60f3\u304c\u6975\u7aef\u306b\u5f37\u6c17\u306a\u7f6e\u304d\u65b9\u306b\u306a\u3063\u3066\u3044\u306a\u3044<\/li>\n\n\n\n<li>\u8ca9\u7ba1\u8cbb\u73877.5%\u306f\u76f4\u8fd19\u56db\u534a\u671f\u3067\u6700\u4f4e\u3002\u56fa\u5b9a\u8cbb\u304c\u52d5\u304b\u306a\u3044\u307e\u307e\u58f2\u4e0a\u304c\u4f38\u3073\u308c\u3070\u3001\u5897\u53ce\u5206\u306e\u591a\u304f\u304c\u5229\u76ca\u306b\u306a\u308b\u69cb\u9020\u306f\u5f53\u9762\u7d9a\u304f<\/li>\n\n\n\n<li>\u4eca\u671f\u4e88\u60f3\u306eROE\u306f\u7d0412.3%\u3067\u30012030\u5e74\u5ea6\u306e\u76ee\u6a1912.5%\u306b\u3059\u3067\u306b\u8fd1\u3044\u3002PBR\u30821\u500d\u3092\u56de\u5fa9\u3057\u3066\u304a\u308a\u3001\u4e2d\u8a08\u306e\u8cc7\u672c\u5e02\u5834\u5411\u3051\u306e\u76ee\u6a19\u306e\u3046\u30612\u3064\u306f\u524d\u5012\u3057\u3067\u8996\u91ce\u306b\u5165\u3063\u3066\u3044\u308b<\/li>\n\n\n\n<li>\u5b9f\u8cea\u7121\u501f\u91d1\uff08\u73fe\u91d1107\u5104\u5186\u3001\u6709\u5229\u5b50\u8ca0\u50b529\u5104\u5186\uff09\u3067\u3001M&amp;A\u3084\u5de5\u5834\u6295\u8cc7\u306e\u4f59\u529b\u306f\u3042\u308b<\/li>\n\n\n\n<li>\u914d\u5f53\u306f144\u5186\u30fb\u5229\u56de\u308a3.53%\u3067\u3001\u65b9\u91dd\u4e0a\u306f\u300c\u914d\u5f53\u6027\u541130%\u4ee5\u4e0a\u300d\u306b\u9023\u52d5\u3059\u308b\u305f\u3081\u3001\u696d\u7e3e\u306e\u4e0a\u632f\u308c\u304c\u914d\u5f53\u306b\u76f4\u7d50\u3059\u308b\u8a2d\u8a08<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">\u5f31\u6c17\u306b\u8aad\u3080\u6750\u6599<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u58f2\u4e0a\u304c2030\u5e74\u5ea6\u76ee\u6a19\u3092\u8d85\u3048\u3066\u3082\u3001\u55b6\u696d\u5229\u76ca\u7387\u306f\u4f1a\u793e\u81ea\u8eab\u304c\u300c\u9650\u754c\u300d\u3068\u66f8\u3044\u305f5%\u3067\u6b62\u307e\u3063\u3066\u3044\u308b\u3002<\/strong> 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class=\"wp-block-heading\">11. \u4eca\u5f8c\u306e\u30ab\u30ec\u30f3\u30c0\u30fc\u3068\u898b\u308b\u3079\u304dKPI<\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\u6642\u671f<\/th><th>\u30a4\u30d9\u30f3\u30c8<\/th><th>\u6ce8\u76ee\u70b9<\/th><\/tr><\/thead><tbody><tr><td>2026\u5e7411\u6708\u9803\uff08\u524d\u671f\u306f11\u670812\u65e5\uff09<\/td><td>2027\u5e743\u6708\u671f \u4e2d\u9593\u6c7a\u7b97<\/td><td>\u4e0a\u671f\u4e88\u60f3\uff08\u58f2\u4e0a245\u5104\u5186\u30fb\u55b6\u696d\u5229\u76ca11\u510485\u767e\u4e07\u5186\uff09\u306b\u5bfe\u3059\u308b\u7740\u5730\u3002\u7b2c2\u56db\u534a\u671f\u5358\u72ec\u306e\u7c97\u5229\u7387\u304c12\u301c13%\u53f0\u3092\u7dad\u6301\u3067\u304d\u305f\u304b\u3002OMT\u793e\u306e\u9023\u7d50\u958b\u59cb\u306b\u4f34\u3046\u306e\u308c\u3093\u306e\u91d1\u984d<\/td><\/tr><tr><td>2026\u5e7411\u6708<\/td><td>\u4ed9\u53f0\u958b\u767a\u30bb\u30f3\u30bf\u30fc 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2030\u306e\u4e2d\u9593\u5e74\u5ea6\u76ee\u6a19\u306e\u958b\u793a<\/td><\/tr><tr><td>2027\u5e746\u6708\u9803<\/td><td>\u6709\u4fa1\u8a3c\u5238\u5831\u544a\u66f8<\/td><td>\u6771\u4eac\u30a8\u30ec\u30af\u30c8\u30ed\u30f3\u30b0\u30eb\u30fc\u30d7\u3078\u306e\u58f2\u4e0a\u4f9d\u5b58\u5ea6\uff08\u524d\u671f69.4%\uff09\u306e\u66f4\u65b0\u5024<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\u898b\u308b\u3079\u304dKPI\u30925\u3064\u306b\u7d5e\u308b\u3068\u3001\u6b21\u306e\u3088\u3046\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>\u56db\u534a\u671f\u306e\u58f2\u4e0a\u7dcf\u5229\u76ca\u7387<\/strong>\u300212\u301c15%\u306e\u30ec\u30f3\u30b8\u306e\u3069\u3053\u306b\u3044\u308b\u304b\u3002\u8ca9\u58f2\u4e8b\u696d\u306e\u6bd4\u91cd\u304c\u4e0a\u304c\u308c\u3070\u4e0b\u306b\u632f\u308c\u308b<\/li>\n\n\n\n<li><strong>\u8ca9\u58f2\u4e8b\u696d\u306e\u53d7\u6ce8\u9ad8\u3068\u53d7\u6ce8\u6b8b\u9ad8<\/strong>\u30025\u56db\u534a\u671f\u9023\u7d9a\u5897\u306e\u6d41\u308c\u304c\u7d9a\u304f\u304b\u3001\u53cd\u8ee2\u3059\u308b\u304b<\/li>\n\n\n\n<li><strong>FS\u4e8b\u696d\u3068TS\u4e8b\u696d\u306e\u58f2\u4e0a\u69cb\u6210\u6bd4<\/strong>\u3002\u4e2d\u8a08\u306e\u300c\u9ad8\u7c97\u5229\u4e8b\u696d\u306e\u6bd4\u7387\u62e1\u5927\u300d\u304c\u6570\u5b57\u3068\u3057\u3066\u73fe\u308c\u308b\u304b\uff08\u524d\u671fFS 9.0%\u30fbTS 2.5%\u3001\u7b2c1\u56db\u534a\u671fFS 7.8%\u30fbTS 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