{"id":2108,"date":"2025-07-10T08:00:00","date_gmt":"2025-07-09T23:00:00","guid":{"rendered":"https:\/\/knowledge-art.co.jp\/invest\/?p=2108"},"modified":"2026-04-13T10:47:53","modified_gmt":"2026-04-13T01:47:53","slug":"sotfbankg-bond-not-safe","status":"publish","type":"post","link":"https:\/\/knowledge-art.co.jp\/invest\/sotfbankg-bond-not-safe\/","title":{"rendered":"\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u306f\u5371\u967a\uff1f\u8cb7\u3046\u3079\u304d\u304b\u5224\u65ad\u3059\u308b\u6700\u65b0\u30ea\u30b9\u30af\u3068\u4f4e\u30ea\u30b9\u30af\u00d7\u9ad8\u5229\u56de\u308a\u3067\u8cc7\u7523\u3092\u5897\u3084\u3059\u79d8\u8a23"},"content":{"rendered":"\n<p>\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u306b\u8208\u5473\u304c\u3042\u3063\u3066\u3082\u3001\u7279\u5fb4\u3084<strong>\u300c\u672c\u5f53\u306b\u8cb7\u3063\u3066\u5927\u4e08\u592b\u306a\u306e\u304b\u300d\u5371\u967a\u6027\u30fb\u5143\u672c\u5272\u308c\u30ea\u30b9\u30af<\/strong>\u304c\u308f\u304b\u3089\u305a\u3001\u4eca\u306e\u30bf\u30a4\u30df\u30f3\u30b0\u3067\u8cb7\u3046\u3079\u304d\u304b\u6295\u8cc7\u3092\u8ff7\u3063\u3066\u3044\u308b\u4eba\u306f\u5c11\u306a\u304f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n\n\n\n<p>\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u306f\u9280\u884c\u9810\u91d1\u3088\u308a\u9065\u304b\u306b\u9ad8\u3044\u5229\u56de\u308a\u304c\u9b45\u529b\u7684\u306a\u4e00\u65b9\u3067\u3001<strong><span class=\"swl-inline-color has-swl-deep-01-color\">\u5de8\u984d\u6295\u8cc7\u306b\u4f34\u3046\u8ca1\u52d9\u306e\u4e0d\u5b89\u5b9a\u3055\u3084\u52a3\u5f8c\u50b5\u7279\u6709\u306e\u4ed5\u7d44\u307f\u306a\u3069\u30ea\u30b9\u30af\u3082\u591a\u3044<\/span><\/strong>\u305f\u3081\u3001\u4ee3\u66ff\u6295\u8cc7\u5148\u3082\u4e0a\u624b\u306b\u6d3b\u7528\u3059\u308c\u3070\u9806\u5f53\u306a\u8cc7\u7523\u5f62\u6210\u304c\u53ef\u80fd\u3067\u3059\u3002<\/p>\n\n\n\n<p>2026\u5e744\u6708\u306b\u306f<strong><span class=\"swl-marker mark_yellow\">\u7b2c8\u56de\u30cf\u30a4\u30d6\u30ea\u30c3\u30c9\u793e\u50b5\uff08\u52a3\u5f8c\u7279\u7d04\u4ed8\u30fb4,180\u5104\u5186\u30fb\u5e744.970%\uff09<\/span><\/strong>\u306e\u52df\u96c6\u304c\u958b\u59cb\u3055\u308c\u3066\u304a\u308a\u3001\u3055\u3089\u306bS&amp;P\u304c\u683c\u4ed8\u3051\u898b\u901a\u3057\u3092\u300c\u30cd\u30ac\u30c6\u30a3\u30d6\u300d\u3078\u5f15\u304d\u4e0b\u3052\u308b\u306a\u3069\u6700\u65b0\u52d5\u5411\u3082\u76ee\u304c\u96e2\u305b\u307e\u305b\u3093\u3002<\/p>\n\n\n\n<p>\u4eca\u56de\u306f\u30012026\u5e74\u6700\u65b0\u306e\u58f2\u308c\u884c\u304d\u3084\u53e3\u30b3\u30df\u304b\u3089\u5224\u660e\u3057\u305f<strong>\u300c\u5371\u306a\u3044\u3068\u8a00\u308f\u308c\u308b6\u3064\u306e\u30ea\u30b9\u30af\u300d\u3068\u300c5\u3064\u306e\u30e1\u30ea\u30c3\u30c8\u300d\u3001\u5c02\u9580\u5bb6\u306b\u3088\u308b\u4eca\u5f8c\u306e\u4e88\u6e2c\u3092\u8a73\u3057\u304f\u89e3\u8aac<\/strong>\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u3088\u308a\u5b89\u5b9a\u3057\u3066\u304a\u5f97\u306b\u8cc7\u7523\u3092\u5897\u3084\u305b\u308b\u4eca\u6ce8\u76ee\u306e\u6295\u8cc7\u5148\uff08\u5229\u56de\u308a12\u301c17%\u4ee5\u4e0a\uff09\u3082\u7d39\u4ecb\u3002<\/p>\n\n\n\n<p class=\"has-swl-main-thin-background-color has-background\">\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u306b\u5371\u967a\u3092\u611f\u3058\u3066\u3044\u308b\u4eba\u3078\u306f\u3001<a href=\"#hedge-fund\"><strong>\u30d7\u30ed\u904b\u7528\u3067\u5b89\u5b9a&amp;\u9ad8\u5229\u56de\u308a\u306e\u6295\u8cc7\u51482\u9078<\/strong><\/a>\u3092\u3054\u89a7\u304f\u3060\u3055\u3044\u3002<strong>\u30cf\u30a4\u30af\u30a2\uff08<span class=\"swl-marker mark_yellow\">\u5e74\u522912%\u56fa\u5b9a<\/span>\uff09\u3068\u30a2\u30af\u30b7\u30e7\u30f3\uff08<span class=\"swl-marker mark_yellow\">\u5e74\u522917.35%\u5b9f\u7e3e<\/span>\uff09<\/strong>\u3092\u8a73\u3057\u304f\u7d39\u4ecb\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n<div class=\"swell-block-postLink\">\t\t\t<div class=\"p-blogCard -internal\" data-type=\"type1\" data-onclick=\"clickLink\">\n\t\t\t\t<div class=\"p-blogCard__inner\">\n\t\t\t\t\t<span class=\"p-blogCard__caption\">\u3042\u308f\u305b\u3066\u8aad\u307f\u305f\u3044<\/span>\n\t\t\t\t\t<div class=\"p-blogCard__thumb c-postThumb\"><figure class=\"c-postThumb__figure\"><img decoding=\"async\" src=\"https:\/\/knowledge-art.co.jp\/invest\/wp-content\/uploads\/individual-corporatebond-eye.webp\" alt=\"\" class=\"c-postThumb__img u-obf-cover\" width=\"320\" height=\"180\"><\/figure><\/div>\t\t\t\t\t<div class=\"p-blogCard__body\">\n\t\t\t\t\t\t<a class=\"p-blogCard__title\" href=\"https:\/\/knowledge-art.co.jp\/invest\/individual-corporatebond\/\">\u30102026\u5e744\u6708\u3011\u500b\u4eba\u5411\u3051\u793e\u50b5\u5229\u56de\u308a\u30e9\u30f3\u30ad\u30f3\u30b0\uff5c\u304a\u3059\u3059\u3081\u9ad8\u5229\u56de\u308a\u9298\u67c4\u3068\u9078\u3073\u65b9<\/a>\n\t\t\t\t\t\t<span class=\"p-blogCard__excerpt\">\u30102026\u5e744\u6708\u3011\u767a\u884c\u4e88\u5b9a\u500b\u4eba\u5411\u3051\u793e\u50b5\u306e\u6700\u65b0\u60c5\u5831 \u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u30b0\u30eb\u30fc\u30d7 \u30cf\u30a4\u30d6\u30ea\u30c3\u30c9\u793e\u50b5\uff08\u52a3\u5f8c\u7279\u7d04\u4ed8\uff09\u7533\u8fbc\u307f\u53d7\u4ed8\u671f\u9593\uff1a4\u670813\u65e5\u301c21\u65e5 \u30a2\u30a4\u30b6\u30ef\u8a3c\u5238\u30b0\u30eb\u30fc\u30d7\u682a\u5f0f\u4f1a\u793e \u7b2c1&#8230;<\/span>\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\n\n<h2 class=\"wp-block-heading\" id=\"softbank-overview\">\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u30b0\u30eb\u30fc\u30d7\u306e\u6982\u8981<\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"1379\" height=\"663\" src=\"http:\/\/knowledge-art.co.jp\/invest\/wp-content\/uploads\/softbank-group.webp\" alt=\"\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u30b0\u30eb\u30fc\u30d7\u306e\u516c\u5f0f\u30b5\u30a4\u30c8\" class=\"wp-image-2198\" srcset=\"https:\/\/knowledge-art.co.jp\/invest\/wp-content\/uploads\/softbank-group.webp 1379w, https:\/\/knowledge-art.co.jp\/invest\/wp-content\/uploads\/softbank-group-768x369.webp 768w\" sizes=\"(max-width: 1379px) 100vw, 1379px\" \/><figcaption class=\"wp-element-caption\">\u5f15\u7528\uff1a<a href=\"https:\/\/group.softbank\/\" data-type=\"link\" data-id=\"https:\/\/group.softbank\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u30b0\u30eb\u30fc\u30d7\u682a\u5f0f\u4f1a\u793e<\/a><\/figcaption><\/figure>\n\n\n\n<p>\u591a\u304f\u306e\u65b9\u304c\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u3068\u805e\u304f\u3068\u643a\u5e2f\u30ad\u30e3\u30ea\u30a2\u3092\u9023\u60f3\u3055\u308c\u308b\u304b\u3082\u3057\u308c\u307e\u305b\u3093\u3002<\/p>\n\n\n\n<p>\u3057\u304b\u3057\u3001\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u30b0\u30eb\u30fc\u30d7\u682a\u5f0f\u4f1a\u793e\u306f\u643a\u5e2f\u4e8b\u696d\u3092\u884c\u3046\u4f1a\u793e\u3068\u306f\u5225\u306e\u7d14\u7c8b\u6301\u682a\u4f1a\u793e\u3067\u3059\u3002<\/p>\n\n\n\n<p>1981\u5e74\u306b\u5b6b\u6b63\u7fa9\u6c0f\u304c\u8a2d\u7acb\u3057\u305f\u540c\u793e\u306f\u3001<strong>\u73fe\u5728965\u793e\u306e\u5b50\u4f1a\u793e\u3092\u62b1\u3048\u308b\u5de8\u5927\u6295\u8cc7\u4f01\u696d\u3078\u3068\u6210\u9577<\/strong>\u3057\u307e\u3057\u305f\uff082025\u5e743\u6708\u672b\u6642\u70b9\uff09\u3002<\/p>\n\n\n\n<p>\u4e3b\u306a\u4e8b\u696d\u306f\u3001IT\u30fbAI\u30fb\u534a\u5c0e\u4f53\u30fb\u30ed\u30dc\u30c3\u30c8\u306a\u3069\u6700\u5148\u7aef\u5206\u91ce\u306e\u4f01\u696d\u3078\u306e\u6295\u8cc7\u3067\u3059\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table is-all-centered--va has-small-font-size\"><table style=\"--swl-cell1-width:200px;\" class=\"has-fixed-layout\"><thead><tr><th>\u4e8b\u696d\u30bb\u30b0\u30e1\u30f3\u30c8<\/th><th>\u4e8b\u696d\u5185\u5bb9<\/th><\/tr><\/thead><tbody><tr><th>\u6301\u682a\u4f1a\u793e\u6295\u8cc7\u4e8b\u696d<\/th><td>\u76f4\u63a5\u307e\u305f\u306f\u5b50\u4f1a\u793e\u3092\u901a\u3058\u305f\u5e45\u5e83\u3044\u4f01\u696d\u3078\u306e\u6295\u8cc7<\/td><\/tr><tr><th>\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u30fb\u30d3\u30b8\u30e7\u30f3\u30fb<br class=\"sp_\">\u30d5\u30a1\u30f3\u30c9\u4e8b\u696d<\/th><td>\u5de8\u5927\u30d5\u30a1\u30f3\u30c9\u3092\u901a\u3058\u305f\u30c6\u30af\u30ce\u30ed\u30b8\u30fc\u5206\u91ce\u3078\u306e\u6295\u8cc7<\/td><\/tr><tr><th>\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u4e8b\u696d<\/th><td>\u643a\u5e2f\u30b5\u30fc\u30d3\u30b9\u3084ICT\u30b5\u30fc\u30d3\u30b9\u306e\u63d0\u4f9b(\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u682a\u5f0f\u4f1a\u793e\u306a\u3069)<\/td><\/tr><tr><th>\u30a2\u30fc\u30e0\u4e8b\u696d<\/th><td>\u8cb7\u53ce\u3057\u305f\u82f1\u56fd\u534a\u5c0e\u4f53\u8a2d\u8a08\u4f01\u696d\u30a2\u30fc\u30e0\u793e\u3092\u4e2d\u5fc3\u3068\u3057\u305f\u4e8b\u696d<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\">\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u306e\u4e8b\u696d\u30bb\u30b0\u30e1\u30f3\u30c8<\/figcaption><\/figure>\n\n\n\n<p>\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u3067\u306f\u3001<strong><span class=\"swl-marker mark_yellow\">\u682a\u5f0f\u306e\u53d6\u5f97\u3084\u58f2\u5374\u3001\u914d\u5f53\u91d1\u306e\u53d7\u3051\u53d6\u308a\u3067\u591a\u304f\u306e\u53ce\u76ca\u3092\u751f\u307f\u51fa\u3057\u3066<\/span><\/strong>\u304a\u308a\u3001\u8cc7\u672c\u91d1\u306f\u7d042,388\u5104\u5186\u306b\u306e\u307c\u308a\u3001\u6295\u8cc7\u4f1a\u793e\u3068\u3057\u3066\u4e16\u754c\u3067\u3082\u6709\u6570\u306e\u898f\u6a21\u3092\u8a87\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"softbank-bond-basics\">\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u306e\u57fa\u672c\u3068\u306f?<\/h2>\n\n\n\n<p>\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u306b\u306f\u3001\u643a\u5e2f\u30ad\u30e3\u30ea\u30a2\u306e\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u682a\u5f0f\u4f1a\u793e\u304c\u767a\u884c\u3059\u308b\u793e\u50b5\u3068\u3001\u6301\u682a\u4f1a\u793e\u306e\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u30b0\u30eb\u30fc\u30d7\u682a\u5f0f\u4f1a\u793e\u304c\u767a\u884c\u3059\u308b\u793e\u50b5\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u4e00\u822c\u7684\u306b<strong><span class=\"swl-marker mark_yellow\">\u300c\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u300d\u3068\u547c\u3070\u308c\u308b\u306e\u306f\u3001\u3088\u308a\u9ad8\u3044\u5229\u56de\u308a\u304c\u671f\u5f85\u3067\u304d\u308b\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u30b0\u30eb\u30fc\u30d7\u306e\u793e\u50b5<\/span><\/strong>\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"is-style-crease has-swl-gray-background-color has-background\">\u793e\u50b5\u3068\u306f\u3001\u4f01\u696d\u304c\u4e8b\u696d\u8cc7\u91d1\u3092\u8abf\u9054\u3059\u308b\u76ee\u7684\u3067\u6295\u8cc7\u5bb6\u306b\u767a\u884c\u3059\u308b\u6709\u4fa1\u8a3c\u5238\u3002<br>\u6295\u8cc7\u5bb6\u306f\u793e\u50b5\u3092\u8cfc\u5165\u3057\u3066\u6e80\u671f\u307e\u3067\u4fdd\u6709\u3059\u308c\u3070\u3001\u5b9a\u671f\u7684\u306b\u5229\u5b50\u3092\u53d7\u3051\u53d6\u308a\u3001\u6e80\u671f\u6642\u306b\u306f\u5143\u672c\u304c\u623b\u3063\u3066\u304d\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u306e\u7279\u5fb4\u3092\u4ee5\u4e0b\u306e\u9805\u76ee\u3067\u89e3\u8aac\u3057\u3066\u3044\u304d\u307e\u3059\u3002<\/p>\n\n\n\n<div class=\"swell-block-capbox cap_box is-style-small_ttl\"><div class=\"cap_box_ttl\"><span>\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u306e\u7279\u5fb4<\/span><\/div><div class=\"cap_box_content\">\n<ul class=\"wp-block-list -list-under-dashed\">\n<li><a href=\"#popular-bond\">SBG\u500b\u4eba\u5411\u3051\u793e\u50b5\u306e\u7a2e\u985e<\/a><\/li>\n\n\n\n<li><a href=\"#unique-existence\">\u500b\u4eba\u5411\u3051\u793e\u50b5\u3067\u306f\u73cd\u3057\u3044\u5b58\u5728<\/a><\/li>\n\n\n\n<li><a href=\"#high-yield\">\u9ad8\u5229\u56de\u308a\u304c\u6700\u5927\u306e\u9b45\u529b<\/a><\/li>\n\n\n\n<li><a href=\"#bond-list\">\u4e3b\u8981\u306a\u500b\u4eba\u5411\u3051\u793e\u50b5\u306e\u6982\u8981<\/a><\/li>\n<\/ul>\n<\/div><\/div>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"popular-bond\">SBG\u500b\u4eba\u5411\u3051\u793e\u50b5\u306e\u7a2e\u985e<\/h3>\n\n\n\n<p>\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\uff08SBG\uff09\u793e\u50b5\u306f\u3001\u6a5f\u95a2\u6295\u8cc7\u5bb6\u5411\u3051\u3068\u500b\u4eba\u6295\u8cc7\u5bb6\u5411\u3051\u306e2\u7a2e\u985e\u306b\u5206\u3051\u3089\u308c\u307e\u3059\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5<\/th><th>\u6700\u4f4e\u6295\u8cc7\u984d<\/th><\/tr><\/thead><tbody><tr><th>\u6a5f\u95a2\u6295\u8cc7\u5bb6\u5411\u3051<\/th><td>1\u5104\u5186<\/td><\/tr><tr><th>\u500b\u4eba\u6295\u8cc7\u5bb6\u5411\u3051<\/th><td>100\u4e07\u5186<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>\u6a5f\u95a2\u6295\u8cc7\u5bb6\u5411\u3051\u306f\u6700\u4f4e\u6295\u8cc7\u984d\u304c1\u5104\u5186\u3068\u9ad8\u984d\u306a\u4e00\u65b9\u3067\u3001\u500b\u4eba\u5411\u3051\u306f100\u4e07\u5186\u304b\u3089\u8cfc\u5165\u53ef\u80fd\u3067\u3059\u3002<\/p>\n\n\n\n<p><strong><span class=\"swl-marker mark_yellow\">\u500b\u4eba\u5411\u3051\u793e\u50b5\u306f\u4ed6\u793e\u3068\u6bd4\u3079\u3066\u76f8\u5bfe\u7684\u306b\u9ad8\u5229\u56de\u308a\u306a\u305f\u3081\u3001\u767a\u884c\u304b\u3089\u6570\u6642\u9593\u3067\u5b8c\u58f2\u3059\u308b\u4eba\u6c17\u5546\u54c1<\/span><\/strong>\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u7279\u306b\u798f\u5ca1\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u30db\u30fc\u30af\u30b9\u30dc\u30f3\u30c9\u306e\u611b\u79f0\u3067\u89aa\u3057\u307e\u308c\u3001\u591a\u304f\u306e\u500b\u4eba\u6295\u8cc7\u5bb6\u304c\u6ce8\u76ee\u3057\u3066\u3044\u308b\u5546\u54c1\u3067\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"unique-existence\">\u500b\u4eba\u5411\u3051\u793e\u50b5\u3067\u306f\u73cd\u3057\u3044\u5b58\u5728<\/h3>\n\n\n\n<p>\u65e5\u672c\u306e\u793e\u50b5\u5e02\u5834\u3067\u306f\u3001<strong><span class=\"swl-inline-color has-swl-deep-01-color\">\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u306e\u3088\u3046\u306b\u500b\u4eba\u5411\u3051\u306b\u5c0f\u53e3\u5316\u3055\u308c\u305f\u793e\u50b5\u306f\u307e\u3060\u5c11\u6570\u6d3e<\/span><\/strong>\u3067\u3059\u3002<\/p>\n\n\n\n<p>\u591a\u304f\u306e\u4f01\u696d\u306f\u6a5f\u95a2\u6295\u8cc7\u5bb6\u5411\u3051\u306e\u5927\u53e3\u793e\u50b5\u3092\u4e2d\u5fc3\u306b\u767a\u884c\u3057\u3066\u304a\u308a\u3001\u500b\u4eba\u304c\u8cfc\u5165\u3067\u304d\u308b\u6a5f\u4f1a\u306f\u9650\u3089\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u3057\u304b\u3057\u3001\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u30b0\u30eb\u30fc\u30d7\u306f<strong><span class=\"swl-marker mark_yellow\">\u7a4d\u6975\u7684\u306b\u500b\u4eba\u5411\u3051\u793e\u50b5\u3092\u767a\u884c\u3057\u3001\u4e00\u822c\u6295\u8cc7\u5bb6\u306b\u3082\u9580\u6238\u3092\u958b\u3044\u3066\u3044\u308b\u70b9\u304c\u7279\u5fb4\u7684<\/span><\/strong>\u3067\u3059\u3002<\/p>\n\n\n\n<p>\u307e\u305f\u3001100\u4e07\u5186\u306e\u6bd4\u8f03\u7684\u624b\u304c\u5c4a\u304d\u3084\u3059\u3044\u91d1\u984d\u8a2d\u5b9a\u3082\u3001\u500b\u4eba\u6295\u8cc7\u5bb6\u304b\u3089\u652f\u6301\u3055\u308c\u308b\u7406\u7531\u306e\u3072\u3068\u3064\u3067\u3057\u3087\u3046\u3002<\/p>\n\n\n\n<p><a href=\"#softbank-bond-merits\">&gt;&gt;\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u306e\u30e1\u30ea\u30c3\u30c8\u306f\u3053\u3061\u3089<\/a><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"high-yield\">\u9ad8\u5229\u56de\u308a\u304c\u6700\u5927\u306e\u9b45\u529b<\/h3>\n\n\n\n<p>\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u306e\u6700\u5927\u306e\u9b45\u529b\u306f\u3001\u306a\u3093\u3068\u3044\u3063\u3066\u3082\u9ad8\u3044\u5229\u56de\u308a\u3067\u3059\u3002<\/p>\n\n\n\n<p>\u9280\u884c\u9810\u91d1\u306e\u91d1\u5229\u304c0.2%\u7a0b\u5ea6\u306e\u6642\u4ee3\u306b\u3001\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u306f<strong><span class=\"swl-marker mark_yellow\">\u5f53\u521d5\u5e74\u56fa\u5b9a\u3067\u5e744.970%\uff08\u7b2c8\u56de\u30cf\u30a4\u30d6\u30ea\u30c3\u30c9\u793e\u50b5\u30fb\u6761\u4ef6\u78ba\u5b9a\uff09<\/span><\/strong>\u306e\u9b45\u529b\u7684\u306a\u5229\u56de\u308a\u3092\u63d0\u4f9b\u3057\u3066\u3044\u307e\u3059\u3002\u904e\u53bb\u306e\u767a\u884c\u5b9f\u7e3e\u3067\u306f\u5e74\u52291.38%\uff5e4.75%\u306e\u7bc4\u56f2\u3067\u63a8\u79fb\u3057\u3066\u304d\u307e\u3057\u305f\u304c\u3001\u4eca\u56de\u306f\u305d\u308c\u3092\u4e0a\u56de\u308b\u6c34\u6e96\u3067\u78ba\u5b9a\u3057\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<div class=\"wp-block-group has-border -border02\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<p><strong>\u3010\u52df\u96c6\u4e2d\u3011\u7b2c8\u56de\u30cf\u30a4\u30d6\u30ea\u30c3\u30c9\u793e\u50b5\u306e\u5229\u56de\u308a\uff082026\u5e744\u670810\u65e5\u6761\u4ef6\u6c7a\u5b9a\u6e08\u307f\uff09<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list is-style-check_list -list-under-dashed has-swl-main-thin-background-color has-background\">\n<li><strong>\u78ba\u5b9a\u5229\u7387\uff1a\u5f53\u521d5\u5e74\u56fa\u5b9a \u5e744.970%<\/strong>\uff08\u7a0e\u5f15\u524d\uff09<\/li>\n\n\n\n<li><strong>100\u4e07\u5186\u6295\u8cc7\u306e\u5834\u5408<\/strong><br>\u5e74\u95934.97\u4e07\u5186\uff08\u534a\u5e74\u3054\u3068\u7d042.49\u4e07\u5186\uff09\u306e\u5229\u606f\uff08\u7a0e\u5f15\u524d\uff09<\/li>\n\n\n\n<li><strong>\u6ce8\u610f\u70b9<\/strong><br>\u52a3\u5f8c\u7279\u7d04\u30fb\u5229\u6255\u7e70\u5ef6\u6761\u9805\u4ed8\u304d\uff0f\u683c\u4ed8\u3051BBB+\uff08JCR\uff09<\/li>\n\n\n\n<li><strong>\u52df\u96c6\u4e88\u5b9a<\/strong><br>2026\u5e744\u670813\u65e511:00\u301c4\u670821\u65e514:00\uff08\u5148\u7740\u9806\uff09<\/li>\n<\/ul>\n<\/div><\/div>\n\n\n\n<p>\u4ed6\u793e\u306e\u500b\u4eba\u5411\u3051\u793e\u50b5\u304c0.3%\uff5e3.15%\u7a0b\u5ea6\u3067\u3042\u308b\u5b9f\u614b\u3068\u6bd4\u8f03\u3059\u308c\u3070\u3001\u5dee\u306f\u6b74\u7136\u3068\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u4ed6\u793e\u306e\u793e\u50b5\u3092\u5727\u5012\u3059\u308b\u5229\u56de\u308a\u304c\u3042\u308b\u4e00\u65b9\u3067\u3001\u65e5\u672c\u3067\u30822\u301c3%\u53f0\u306e\u30a4\u30f3\u30d5\u30ec\u304c\u7d9a\u304f\u72b6\u6cc1\u3084\u5c06\u6765\u306e\u7269\u4fa1\u4e0a\u6607\u3092\u8003\u3048\u308b\u3068\u3001<strong>\u8cc7\u7523\u3092\u5927\u304d\u304f\u5897\u3084\u3059\u306b\u306f\u7269\u8db3\u308a\u306a\u3044\u306e\u304c\u5b9f\u60c5<\/strong>\u3067\u3059\u3002<\/p>\n\n\n\n<p>\u3082\u3057\u3001\u683c\u4ed8\u3051\u304c\u4e0d\u5b89\u5b9a\u306a\u793e\u50b5\u306b\u8cc7\u91d1\u30927\u5e74\u3082\u56fa\u5b9a\u3055\u308c\u308b\u30ea\u30b9\u30af\u3092\u53d6\u308b\u306a\u3089\u3001\u30d7\u30ed\u304c\u904b\u7528\u6226\u7565\u3092\u99c6\u4f7f\u3057\u3066\u5e74\u522910\uff05\u301c20\uff05\u3092\u76ee\u6307\u3059\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u304c\u3001\u30ea\u30bf\u30fc\u30f3\u306e\u52b9\u7387\u9762\u3067\u975e\u5e38\u306b\u512a\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<div class=\"swell-block-capbox cap_box is-style-small_ttl\"><div class=\"cap_box_ttl\"><span>\u30d7\u30ed\u904b\u7528\u3067\u5b89\u5fc3\uff01\u3055\u3089\u306b\u9ad8\u3044\u5229\u56de\u308a\u3092\u72d9\u3046\u306a\u3089<\/span><\/div><div class=\"cap_box_content\">\n<p>\u3055\u3089\u306b\u9ad8\u3044\u5229\u56de\u308a\u3092\u72d9\u3046\u306a\u3089<\/p>\n\n\n\n<ul class=\"wp-block-list -list-under-dashed\">\n<li><strong><a href=\"#haikua\">\u30cf\u30a4\u30af\u30a2\u30a4\u30f3\u30bf\u30fc\u30ca\u30b7\u30e7\u30ca\u30eb<\/a><\/strong><br><strong><span class=\"swl-marker mark_yellow\">\u5e74\u522912%\u56fa\u5b9a\u30fb\u624b\u6570\u6599\u5b8c\u5168\u7121\u6599<\/span><\/strong><\/li>\n\n\n\n<li><strong><a href=\"#action\">\u30a2\u30af\u30b7\u30e7\u30f3<\/a><\/strong><br><strong><span class=\"swl-marker mark_yellow\">\u524d\u5e74\u5ea6\u5e74\u5229+17.35%\u306e\u78ba\u304b\u306a\u5b9f\u7e3e<\/span><\/strong><\/li>\n<\/ul>\n\n\n\n<p>\u3044\u305a\u308c\u3082\u5e02\u5834\u5909\u52d5\u306b\u5de6\u53f3\u3055\u308c\u306b\u304f\u3044\u53ce\u76ca\u69cb\u9020\u3092\u5b9f\u73fe\u3057\u3066\u304a\u308a\u3001<strong>\u793e\u50b5\u306b\u306f\u306a\u3044\u300c\u9ad8\u3044\u53ce\u76ca\u6027\u300d\u3068\u300c\u30d7\u30ed\u306b\u4efb\u305b\u308b\u5b89\u5fc3\u611f\u300d\u3092\u4e21\u7acb<\/strong>\u3057\u3066\u3044\u307e\u3059 \u3002<\/p>\n\n\n\n<p>\u8a73\u7d30\u306f\u300c<a href=\"#hedge-fund\">\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u306e\u30ea\u30b9\u30af\u304c\u6c17\u306b\u306a\u308b\u306a\u3089<\/a>\u300d\u304b\u3089\u78ba\u8a8d\u3057\u3066\u307f\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n<\/div><\/div>\n\n\n\n<p>\u305f\u3060\u3057\u3001<strong><span class=\"swl-inline-color has-swl-deep-01-color\">\u9ad8\u3044\u5229\u56de\u308a\u306b\u306f\u76f8\u5fdc\u306e\u30ea\u30b9\u30af\u3082\u7406\u89e3\u3057\u3066\u304a\u304f\u5fc5\u8981\u304c\u3042\u308b<\/span><\/strong>\u3067\u3057\u3087\u3046\u3002<\/p>\n\n\n\n<p><a href=\"#softbank-bond-risks\">&gt;&gt;\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u306e\u5371\u967a\u6027\u306b\u3064\u3044\u3066\u3053\u3061\u3089<\/a><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"bond-list\">\u4e3b\u8981\u306a\u500b\u4eba\u5411\u3051\u793e\u50b5\u306e\u6982\u8981<\/h3>\n\n\n<div class=\"c-scrollHint sp_\"><span>\u30b9\u30af\u30ed\u30fc\u30eb\u3067\u304d\u307e\u3059 <i class=\"icon-more_arrow\"><\/i><\/span><\/div>\n<figure data-table-scrollable=\"sp\" data-cell1-fixed=\"sp\" class=\"wp-block-table is-all-centered--va has-small-font-size\"><table style=\"--table-width:600px;\" class=\"has-fixed-layout\"><thead><tr><th>\u9298\u67c4\u30bf\u30a4\u30d7<\/th><th>\u4ee3\u8868\u7684\u306a\u5229\u7387<\/th><th>\u671f\u9593<\/th><th>\u7279\u5fb4<\/th><\/tr><\/thead><tbody><tr><th>\u7121\u62c5\u4fdd\u666e\u901a\u793e\u50b5<\/th><td>1.38%\uff5e3.98%<\/td><td>5\uff5e7\u5e74<\/td><td>\u6700\u3082\u4e00\u822c\u7684\u306a\u30bf\u30a4\u30d7<\/td><\/tr><tr><th>\u52a3\u5f8c\u7279\u7d04\u4ed8\u793e\u50b5<\/th><td>2.40%\uff5e2.48%<\/td><td>7\u5e74<\/td><td>\u5f01\u6e08\u9806\u4f4d\u304c\u4f4e\u3044<\/td><\/tr><tr><th>\u30cf\u30a4\u30d6\u30ea\u30c3\u30c9\u793e\u50b5<br>\uff08\u5229\u6255\u7e70\u5ef6\u6761\u9805\u4ed8\uff09<\/th><td>2.75%\uff5e4.970%<\/td><td>35\u5e74<br>\uff08\u5b9f\u8cea5\u5e74\uff09<\/td><td>\u5229\u6255\u3044\u5ef6\u671f\u306e\u6050\u308c<br>\u52a3\u5f8c\u7279\u7d04\u4ed8\u304d<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\">\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u306e\u4e3b\u8981\u30bf\u30a4\u30d7\u5225\u7279\u5fb4\uff082026\u5e743\u6708\u6642\u70b9\uff09<\/figcaption><\/figure>\n\n\n\n<p>\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u3067\u306f\u3001<strong>\u666e\u901a\u793e\u50b5\u3068\u52a3\u5f8c\u50b5\u3067\u306f\u683c\u4ed8\u3051\u306b\u5dee\u304c\u3042\u308a\u3001\u52a3\u5f8c\u50b5\u306e\u307b\u3046\u304c\u30ea\u30b9\u30af\u306f\u9ad8\u3081<\/strong>\u3067\u3059\u3002<\/p>\n\n\n\n<p>\u307e\u305f\u3001\u671f\u9593\u30826\u5e74\u304b\u308935\u5e74\u307e\u3067\u5e45\u5e83\u304f\u3001\u6295\u8cc7\u5bb6\u306e\u30cb\u30fc\u30ba\u306b\u5408\u308f\u305b\u3066\u9078\u629e\u3067\u304d\u308b\u3088\u3046\u306b\u306a\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">\u683c\u4ed8\u3051\u63a8\u79fb\u3068\u6295\u8cc7\u5224\u65ad\u3078\u306e\u5f71\u97ff<\/h4>\n\n\n\n<figure class=\"wp-block-table has-small-font-size\"><table style=\"--swl-cell1-width:;\"><thead><tr><th>\u8a55\u4fa1\u6a5f\u95a2<\/th><th>\u73fe\u5728\u306e\u683c\u4ed8\u3051<\/th><th>\u898b\u901a\u3057<\/th><th>\u6295\u8cc7\u5224\u65ad\u3078\u306e\u5f71\u97ff<\/th><\/tr><\/thead><tbody><tr><th>JCR<br class=\"sp_\">\uff08\u56fd\u5185\uff09<\/th><td>A\uff5eBBB+<\/td><td>&#8211;<\/td><td>\u6295\u8cc7\u9069\u683c\u6c34\u6e96\u3092\u7dad\u6301<\/td><\/tr><tr><th>S&amp;P<br class=\"sp_\">\uff08\u6d77\u5916\uff09<\/th><td>BB+<\/td><td><strong><span class=\"swl-inline-color has-swl-deep-01-color\">\u30cd\u30ac\u30c6\u30a3\u30d6<\/span><\/strong><\/td><td>\u6295\u6a5f\u7684\u8981\u7d20\u3092\u793a\u5506\u3001\u683c\u4e0b\u3052\u30ea\u30b9\u30af<\/td><\/tr><tr><th>Moody&#8217;s<br class=\"sp_\">\uff08\u6d77\u5916\uff09<\/th><td>Ba2<\/td><td>\u5b89\u5b9a\u7684<\/td><td>\u6295\u6a5f\u7684\u8981\u7d20\u3042\u308a\uff08\u52dd\u624b\u683c\u4ed8\u3051\uff09<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\">\u683c\u4ed8\u3051\u6a5f\u95a2\u5225\u306e\u8a55\u4fa1\u3068\u6295\u8cc7\u5224\u65ad\u3078\u306e\u5f71\u97ff\uff082026\u5e743\u6708\u6642\u70b9\uff09<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"latest-bond\">\u30102026\u5e744\u6708\u6700\u65b0\u3011\u7b2c8\u56de\u30cf\u30a4\u30d6\u30ea\u30c3\u30c9\u793e\u50b5\u306e\u52df\u96c6\u6982\u8981<\/h2>\n\n\n\n<figure class=\"wp-block-image size-full is-resized is-style-shadow\"><img decoding=\"async\" width=\"1560\" height=\"400\" src=\"https:\/\/knowledge-art.co.jp\/invest\/wp-content\/uploads\/mv_bond_japan_9984hb08_01.png\" alt=\"\u7b2c8\u56de\u30cf\u30a4\u30d6\u30ea\u30c3\u30c9\u793e\u50b5\u306e\u52df\u96c6\u6982\u8981\" class=\"wp-image-14414\" style=\"width:800px\" srcset=\"https:\/\/knowledge-art.co.jp\/invest\/wp-content\/uploads\/mv_bond_japan_9984hb08_01.png 1560w, https:\/\/knowledge-art.co.jp\/invest\/wp-content\/uploads\/mv_bond_japan_9984hb08_01-768x197.png 768w, https:\/\/knowledge-art.co.jp\/invest\/wp-content\/uploads\/mv_bond_japan_9984hb08_01-1536x394.png 1536w\" sizes=\"(max-width: 1560px) 100vw, 1560px\" \/><figcaption class=\"wp-element-caption\">\u51fa\u5178\uff1a<a href=\"https:\/\/www.sbisec.co.jp\/ETGate\/?OutSide=on&amp;getFlg=on&amp;_ControlID=WPLETmgR001Control&amp;_PageID=WPLETmgR001Mdtl30&amp;_ActionID=DefaultAID&amp;_DataStoreID=DSWPLETmgR001Control&amp;burl=search_bond&amp;cat1=bond&amp;cat2=japan&amp;dir=japan&amp;file=comment\/bond_japan_9984hb08.html\" target=\"_blank\" rel=\"noreferrer noopener\">SBI\u8a3c\u5238<\/a><\/figcaption><\/figure>\n\n\n\n<p>2026\u5e743\u670830\u65e5\u3001\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u30b0\u30eb\u30fc\u30d7\u306f<strong>\u7b2c8\u56de\u5229\u6255\u7e70\u5ef6\u6761\u9805\u30fb\u671f\u9650\u524d\u511f\u9084\u6761\u9805\u4ed8\u7121\u62c5\u4fdd\u793e\u50b5\uff08\u52a3\u5f8c\u7279\u7d04\u4ed8\uff09<\/strong>\u306e\u767a\u884c\u3092\u767a\u8868\u3057\u307e\u3057\u305f\u3002\u500b\u4eba\u6295\u8cc7\u5bb6\u5411\u3051\u306e\u30cf\u30a4\u30d6\u30ea\u30c3\u30c9\u793e\u50b5\u3068\u3057\u3066\u30014\u670813\u65e5\u304b\u3089\u5148\u7740\u9806\u3067\u8ca9\u58f2\u958b\u59cb\u4e88\u5b9a\u3067\u3059\u3002<\/p>\n\n\n<div class=\"c-scrollHint sp_\"><span>\u30b9\u30af\u30ed\u30fc\u30eb\u3067\u304d\u307e\u3059 <i class=\"icon-more_arrow\"><\/i><\/span><\/div>\n<figure data-table-scrollable=\"sp\" data-cell1-fixed=\"sp\" class=\"wp-block-table is-all-centered--va has-small-font-size\"><table style=\"--table-width:600px;\"><thead><tr><th>\u9805\u76ee<\/th><th>\u5185\u5bb9<\/th><\/tr><\/thead><tbody><tr><th>\u9298\u67c4\u540d<\/th><td>\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u30b0\u30eb\u30fc\u30d7\u682a\u5f0f\u4f1a\u793e<br>\u7b2c8\u56de\u5229\u6255\u7e70\u5ef6\u6761\u9805\u30fb\u671f\u9650\u524d\u511f\u9084\u6761\u9805\u4ed8<br>\u7121\u62c5\u4fdd\u793e\u50b5\uff08\u52a3\u5f8c\u7279\u7d04\u4ed8\uff09<\/td><\/tr><tr><th>\u793e\u50b5\u30bf\u30a4\u30d7<\/th><td><strong>\u30cf\u30a4\u30d6\u30ea\u30c3\u30c9\u793e\u50b5\uff08\u52a3\u5f8c\u7279\u7d04\u4ed8\uff09<\/strong><\/td><\/tr><tr><th>\u767a\u884c\u7dcf\u984d<\/th><td><strong><span class=\"swl-marker mark_yellow\">4,180\u5104\u5186<\/span><\/strong><\/td><\/tr><tr><th>\u5229\u7387\uff08\u78ba\u5b9a\uff09<\/th><td><strong>\u5f53\u521d5\u5e74\u56fa\u5b9a\uff1a\u5e744.970%<\/strong>\uff08\u7a0e\u5f15\u524d\uff09\uff0f\u5e743.960%\uff08\u7a0e\u5f15\u5f8c\uff09<br>5\u5e74\u5f8c\u4ee5\u964d\uff1a1\u5e74\u56fd\u50b5\u91d1\u5229\uff0b3.383%\uff08\u5f53\u521d\u30b9\u30d7\u30ec\u30c3\u30c93.133%\uff0b\u4e0a\u4e57\u305b\u5e450.25%\uff09<br>20\u5e74\u5f8c\u4ee5\u964d\uff1a1\u5e74\u56fd\u50b5\u91d1\u5229\uff0b3.433%\uff08\u540c\uff0b0.30%\uff09<br>25\u5e74\u5f8c\u4ee5\u964d\uff1a1\u5e74\u56fd\u50b5\u91d1\u5229\uff0b4.133%\uff08\u540c\uff0b1.00%\uff09<\/td><\/tr><tr><th>\u6761\u4ef6\u6c7a\u5b9a\u65e5<\/th><td>2026\u5e744\u670810\u65e5\uff08\u78ba\u5b9a\u6e08\u307f\uff09<\/td><\/tr><tr><th>\u52df\u96c6\u671f\u9593\uff08\u4e88\u5b9a\uff09<\/th><td>2026\u5e744\u670813\u65e5\uff08\u6708\uff0911:00\u301c4\u670821\u65e5\uff08\u706b\uff0914:00<\/td><\/tr><tr><th>\u6255\u8fbc\u65e5\uff08\u767a\u884c\u65e5\uff09<\/th><td>2026\u5e744\u670822\u65e5<\/td><\/tr><tr><th>\u6700\u4f4e\u8cfc\u5165\u984d<\/th><td>100\u4e07\u5186\uff08100\u4e07\u5186\u5358\u4f4d\uff09<\/td><\/tr><tr><th>\u5229\u6255\u65e5<\/th><td>\u5e742\u56de\uff084\u6708\u30fb10\u6708\uff09<\/td><\/tr><tr><th>\u683c\u4ed8\u3051<\/th><td>BBB+\uff08JCR\uff09<\/td><\/tr><tr><th>\u8cc7\u91d1\u4f7f\u9014<\/th><td>2021\u5e74\u767a\u884c\u306e\u65e2\u5b58\u30cf\u30a4\u30d6\u30ea\u30c3\u30c9\u793e\u50b5\u306e\u501f\u308a\u63db\u3048<\/td><\/tr><tr><th>\u53d6\u6271\u8a3c\u5238\u4f1a\u793e<\/th><td>\u5927\u548c\u8a3c\u5238\u3001\u307f\u305a\u307b\u8a3c\u5238\u3001SBI\u8a3c\u5238\u3001<br>\u6771\u6d77\u6771\u4eac\u8a3c\u5238\u3001\u5ca1\u4e09\u8a3c\u5238\u3001\u6c34\u6238\u8a3c\u5238\u3001\u5ca9\u4e95\u30b3\u30b9\u30e2\u8a3c\u5238<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\">\u7b2c8\u56de\u30cf\u30a4\u30d6\u30ea\u30c3\u30c9\u793e\u50b5\u306e\u52df\u96c6\u6982\u8981\uff082026\u5e743\u670830\u65e5\u767a\u8868\uff09<\/figcaption><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">\u7b2c8\u56de\u30cf\u30a4\u30d6\u30ea\u30c3\u30c9\u793e\u50b5\u306e\u6ce8\u76ee\u30dd\u30a4\u30f3\u30c8<\/h3>\n\n\n\n<div class=\"swell-block-capbox cap_box is-style-small_ttl\"><div class=\"cap_box_ttl\"><span>\u6ce8\u76ee\u30dd\u30a4\u30f3\u30c8<\/span><\/div><div class=\"cap_box_content\">\n<ul class=\"wp-block-list -list-under-dashed\">\n<li><strong>\u78ba\u5b9a\u5229\u7387 \u5e744.970%<\/strong><br>\u2192SBG\u500b\u4eba\u5411\u3051\u793e\u50b5\u3068\u3057\u3066\u904e\u53bb\u6700\u9ad8\u6c34\u6e96\u3092\u66f4\u65b0<\/li>\n\n\n\n<li><strong>\u52a3\u5f8c\u7279\u7d04\uff0b\u5229\u6255\u7e70\u5ef6\u6761\u9805\u4ed8\u304d<\/strong><br>\u2192\u666e\u901a\u793e\u50b5\u3088\u308a\u5f01\u6e08\u9806\u4f4d\u304c\u4f4e\u304f\u3001\u5229\u6255\u3044\u5ef6\u671f\u3082\u3042\u308a\u5f97\u308b\u30ea\u30b9\u30af\u306e\u9ad8\u3044\u9298\u67c4<\/li>\n\n\n\n<li><strong>35\u5e74\u306e\u8d85\u9577\u671f\u3060\u304c\u5b9f\u8cea5\u5e74<\/strong><br>\u2192\u904e\u53bb\u306e\u7b2c1\u56de\u301c\u7b2c4\u56de\u306f\u3059\u3079\u3066\u521d\u56de\u4efb\u610f\u511f\u9084\u65e5\uff085\u5e74\u5f8c\uff09\u306b\u671f\u9650\u524d\u511f\u9084\u6e08\u307f<\/li>\n\n\n\n<li><strong>\u8cc7\u91d1\u4f7f\u9014\u306f\u501f\u308a\u63db\u3048<\/strong><br>\u21922021\u5e74\u767a\u884c\u306e\u65e2\u5b58\u30cf\u30a4\u30d6\u30ea\u30c3\u30c9\u793e\u50b5\u306e\u30ea\u30d7\u30ec\u30a4\u30b9\u30e1\u30f3\u30c8<\/li>\n<\/ul>\n<\/div><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">S&amp;P\u683c\u4ed8\u3051\u898b\u901a\u3057\u300c\u30cd\u30ac\u30c6\u30a3\u30d6\u300d\u5f15\u304d\u4e0b\u3052\u306e\u5f71\u97ff<\/h3>\n\n\n\n<p>2026\u5e743\u67083\u65e5\u3001S&amp;P\u30b0\u30ed\u30fc\u30d0\u30eb\u30fb\u30ec\u30fc\u30c6\u30a3\u30f3\u30b0\u306f\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u30b0\u30eb\u30fc\u30d7\u306e\u683c\u4ed8\u3051\u898b\u901a\u3057\u3092<strong><span class=\"swl-inline-color has-swl-deep-01-color\">\u300c\u5b89\u5b9a\u7684\u300d\u304b\u3089\u300c\u30cd\u30ac\u30c6\u30a3\u30d6\u300d\u306b\u5f15\u304d\u4e0b\u3052<\/span><\/strong>\u307e\u3057\u305f\u3002\u9577\u671f\u767a\u884c\u4f53\u683c\u4ed8\u3051BB+\u306f\u636e\u3048\u7f6e\u304d\u3067\u3059\u304c\u3001<strong>\u7c73OpenAI\u3078\u306e\u5de8\u984d\u51fa\u8cc7\u306b\u3088\u308a\u6295\u8cc7\u8cc7\u7523\u306e\u6d41\u52d5\u6027\u3084\u8cea\u3001\u8ca1\u52d9\u4f59\u529b\u304c\u5927\u304d\u304f\u60aa\u5316\u3059\u308b\u53ef\u80fd\u6027<\/strong>\u3092\u6307\u6458\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized is-style-shadow\"><img decoding=\"async\" width=\"1708\" height=\"1072\" src=\"https:\/\/knowledge-art.co.jp\/invest\/wp-content\/uploads\/sp-sbg-rating-outlook-negative-nikkei.png\" alt=\"S&amp;P\u304c\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u30b0\u30eb\u30fc\u30d7\u306e\u683c\u4ed8\u3051\u898b\u901a\u3057\u3092\u300c\u30cd\u30ac\u30c6\u30a3\u30d6\u300d\u306b\u5f15\u304d\u4e0b\u3052\u305f\u5831\u9053\" class=\"wp-image-14058\" style=\"width:600px\" srcset=\"https:\/\/knowledge-art.co.jp\/invest\/wp-content\/uploads\/sp-sbg-rating-outlook-negative-nikkei.png 1708w, https:\/\/knowledge-art.co.jp\/invest\/wp-content\/uploads\/sp-sbg-rating-outlook-negative-nikkei-768x482.png 768w, https:\/\/knowledge-art.co.jp\/invest\/wp-content\/uploads\/sp-sbg-rating-outlook-negative-nikkei-1536x964.png 1536w\" sizes=\"(max-width: 1708px) 100vw, 1708px\" \/><figcaption class=\"wp-element-caption\">\u51fa\u5178\uff1a<a href=\"https:\/\/jp.reuters.com\/markets\/bonds\/XZ7WAKRKPFLGVEWQMF7N7XHXG4-2026-03-03\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u30ed\u30a4\u30bf\u30fc\u300cS\uff06P\u3001\u30bd\u30d5\u30c8\u30d0\u30f3\u30afG\u306e\u683c\u4ed8\u3051\u898b\u901a\u3057\u5f15\u304d\u4e0b\u3052 \u30aa\u30fc\u30d7\u30f3AI\u8ffd\u52a0\u51fa\u8cc7\u3067\u300d<\/a><\/figcaption><\/figure>\n\n\n\n<p>\u4eca\u56de\u306e\u30cf\u30a4\u30d6\u30ea\u30c3\u30c9\u793e\u50b5\u306f\u683c\u4ed8\u3051BBB+\uff08JCR\uff09\u3068\u306f\u3044\u3048\u3001S&amp;P\u57fa\u6e96\u3067\u306f\u6295\u6a5f\u7684\u6c34\u6e96\u306eBB+\u304b\u3064\u898b\u901a\u3057\u30cd\u30ac\u30c6\u30a3\u30d6\u3067\u3059\u3002\u9ad8\u3044\u5229\u7387\u306b\u306f\u76f8\u5fdc\u306e\u7406\u7531\u304c\u3042\u308b\u70b9\u3092\u7406\u89e3\u3057\u305f\u4e0a\u3067\u3001\u6295\u8cc7\u5224\u65ad\u304c\u6c42\u3081\u3089\u308c\u307e\u3059\u3002<\/p>\n\n\n\n<div class=\"wp-block-group has-swl-main-thin-background-color has-background\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<p><strong>\u5224\u65ad\u306e\u30dd\u30a4\u30f3\u30c8<\/strong><br>\u78ba\u5b9a\u5229\u7387\u306e\u5e744.970%\u306f\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u53f2\u4e0a\u6700\u9ad8\u6c34\u6e96\u3067\u3059\u304c\u3001<strong>\u300c\u52a3\u5f8c\u7279\u7d04\u300d\u300c\u5229\u6255\u7e70\u5ef6\u300d\u300c\u683c\u4ed8\u3051\u898b\u901a\u3057\u30cd\u30ac\u30c6\u30a3\u30d6\u300d<\/strong>\u306e\u4e09\u91cd\u30ea\u30b9\u30af\u3092\u4f34\u3044\u307e\u3059\u3002\u30ea\u30b9\u30af\u3092\u6291\u3048\u3064\u3064\u9ad8\u5229\u56de\u308a\u3092\u72d9\u3046\u306a\u3089\u3001<a href=\"#hedge-fund\">\u30d7\u30ed\u904b\u7528\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9<\/a>\u3082\u4f75\u305b\u3066\u691c\u8a0e\u3057\u307e\u3057\u3087\u3046\u3002<\/p>\n<\/div><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"67th-bond\">\u3010\u5b8c\u58f2\u6e08\u307f\u3011\u7b2c67\u56de\u7121\u62c5\u4fdd\u793e\u50b5\u306e\u767a\u884c\u7d50\u679c\uff082025\u5e7412\u67088\u65e5\u767a\u884c\uff09<\/h2>\n\n\n\n<p>2025\u5e7411\u670826\u65e5\u306b\u767a\u884c\u6761\u4ef6\u304c\u6c7a\u5b9a\u3055\u308c\u305f<strong>\u7b2c67\u56de\u7121\u62c5\u4fdd\u793e\u50b5<\/strong>\u306e\u8a73\u7d30\u3092\u3054\u7d39\u4ecb\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u4eca\u56de\u306e\u58f2\u308c\u884c\u304d\u306f\u975e\u5e38\u306b\u597d\u8abf\u3067\u3001\u52df\u96c6\u958b\u59cb\u304b\u3089\u308f\u305a\u304b\u6570\u65e5\u3067\u5b8c\u58f2\u3068\u306a\u308a\u307e\u3057\u305f\u3002<\/p>\n\n\n<div class=\"c-scrollHint sp_\"><span>\u30b9\u30af\u30ed\u30fc\u30eb\u3067\u304d\u307e\u3059 <i class=\"icon-more_arrow\"><\/i><\/span><\/div>\n<figure data-table-scrollable=\"sp\" data-cell1-fixed=\"sp\" class=\"wp-block-table is-all-centered--va has-small-font-size\"><table style=\"--table-width:600px;\"><thead><tr><th>\u9805\u76ee<\/th><th>\u5185\u5bb9<\/th><\/tr><\/thead><tbody><tr><th>\u9298\u67c4\u540d<\/th><td>\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u30b0\u30eb\u30fc\u30d7\u682a\u5f0f\u4f1a\u793e<br>\u7b2c67\u56de\u7121\u62c5\u4fdd\u793e\u50b5<br>\uff08\u611b\u79f0\uff1a\u798f\u5ca1\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u30db\u30fc\u30af\u30b9\u30dc\u30f3\u30c9\uff09<\/td><\/tr><tr><th>\u793e\u50b5\u30bf\u30a4\u30d7<\/th><td><strong>\u7121\u62c5\u4fdd\u666e\u901a\u793e\u50b5<\/strong>\uff08\u52a3\u5f8c\u7279\u7d04\u306a\u3057\uff09<\/td><\/tr><tr><th>\u767a\u884c\u7dcf\u984d<\/th><td><strong><span class=\"swl-marker mark_yellow\">5,000\u5104\u5186<\/span><\/strong><\/td><\/tr><tr><th>\u5229\u7387<\/th><td><strong>\u5e743.98%<\/strong>\uff08\u7a0e\u5f15\u524d\uff09<br>\u5e743.171%\uff08\u7a0e\u5f15\u5f8c\uff09<\/td><\/tr><tr><th>\u671f\u9593<\/th><td>7\u5e74<\/td><\/tr><tr><th>\u511f\u9084\u65e5<\/th><td>2032\u5e7412\u67088\u65e5<\/td><\/tr><tr><th>\u52df\u96c6\u7d50\u679c<\/th><td>2025\u5e7411\u670827\u65e5\u301c12\u67085\u65e5\u52df\u96c6<br><strong>\u52df\u96c6\u958b\u59cb\u304b\u3089\u6570\u65e5\u3067\u5b8c\u58f2<\/strong><\/td><\/tr><tr><th>\u6255\u8fbc\u65e5<\/th><td>2025\u5e7412\u67088\u65e5<\/td><\/tr><tr><th>\u6700\u4f4e\u8cfc\u5165\u984d<\/th><td>100\u4e07\u5186\uff08100\u4e07\u5186\u5358\u4f4d\uff09<\/td><\/tr><tr><th>\u5229\u6255\u65e5<\/th><td>\u5e742\u56de\uff086\u6708\u30fb12\u6708\uff09<\/td><\/tr><tr><th>\u683c\u4ed8\u3051<\/th><td>A\uff08JCR\uff09<\/td><\/tr><tr><th>\u53d6\u6271\u8a3c\u5238\u4f1a\u793e<\/th><td>SBI\u8a3c\u5238\u3001\u91ce\u6751\u8b49\u5238\u3001SMBC\u65e5\u8208\u8a3c\u5238\u3001<br>\u5927\u548c\u8a3c\u5238\u3001\u4e09\u83f1UFJ\u30e2\u30eb\u30ac\u30f3\u30fb\u30b9\u30bf\u30f3\u30ec\u30fc\u8a3c\u5238 \u4ed6<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\">\u7b2c67\u56de\u793e\u50b5\u306e\u52df\u96c6\u8981\u9805\uff082025\u5e7411\u6708\u767a\u8868\uff09<\/figcaption><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">\u904e\u53bb\u6700\u5927\u898f\u6a21\u306e6\u5343\u5104\u5186\u304b\u30895\u5343\u5104\u5186\u3078<\/h3>\n\n\n\n<p>\u524d\u56de\u306e\u7b2c65\u56de\u793e\u50b5\uff082025\u5e745\u6708\u767a\u884c\uff09\u3067\u306f<strong>6,000\u5104\u5186\u306e\u904e\u53bb\u6700\u5927\u898f\u6a21<\/strong>\u3067\u3057\u305f\u304c\u3001\u4eca\u56de\u306f5,000\u5104\u5186\u3067\u3059\u3002<\/p>\n\n\n\n<p>\u4e00\u65b9\u3067\u3001\u5229\u7387\u306f3.34%\uff08\u7b2c65\u56de\uff09\u304b\u3089<strong><span class=\"swl-marker mark_yellow\">3.98%\uff08\u7b2c67\u56de\u30fb\u78ba\u5b9a\uff09<\/span><\/strong>\u3078\u4e0a\u6607\u3057\u3066\u304a\u308a\u3001\u6295\u8cc7\u5bb6\u306b\u3068\u3063\u3066\u306f\u9b45\u529b\u304c\u5897\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<div class=\"swell-block-capbox cap_box is-style-small_ttl\"><div class=\"cap_box_ttl\"><span>\u6ce8\u76ee\u30dd\u30a4\u30f3\u30c8<\/span><\/div><div class=\"cap_box_content\">\n<ul class=\"wp-block-list -list-under-dashed\">\n<li><strong>\u9ad8\u5229\u56de\u308a<\/strong><br>\u2192\u78ba\u5b9a\u5229\u7387 \u5e743.98%\u306f\u9280\u884c\u9810\u91d1\uff080.2%\uff09\u306e\u7d0420\u500d<\/li>\n\n\n\n<li><strong>\u52df\u96c6\u671f\u9593\u304c\u77ed\u3044<\/strong><br>\u219211\u670827\u65e5\uff5e12\u67085\u65e5\u306e\u308f\u305a\u304b9\u65e5\u9593<\/li>\n\n\n\n<li><strong>\u5b8c\u58f2\u6e08\u307f<\/strong><br>\u2192\u52df\u96c6\u958b\u59cb\u304b\u3089\u6570\u65e5\u3067\u5b8c\u58f2\uff082025\u5e7412\u6708\u4e0a\u65ec\uff09<\/li>\n\n\n\n<li><strong>\u4f7f\u9014\u306f\u501f\u5165\u91d1\u8fd4\u6e08<\/strong><br>\u2192\u65b0\u898f\u6295\u8cc7\u3067\u306f\u306a\u304f\u65e2\u5b58\u50b5\u52d9\u306e\u8fd4\u6e08\u306b\u5145\u5f53<\/li>\n<\/ul>\n<\/div><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">\u306a\u305c\u4eca5\u5343\u5104\u5186\u306e\u8abf\u9054\uff1f<\/h3>\n\n\n\n<p>\u8abf\u9054\u8cc7\u91d1\u306f<strong>\u300c\u501f\u5165\u91d1\u306e\u8fd4\u6e08\u300d<\/strong>\u306b\u5145\u3066\u308b\u3068\u660e\u8a18\u3055\u308c\u3066\u304a\u308a\u3001<strong><span class=\"swl-inline-color has-swl-deep-01-color\">\u65b0\u898f\u4e8b\u696d\u6295\u8cc7\u3067\u306f\u306a\u304f\u65e2\u5b58\u50b5\u52d9\u306e\u501f\u308a\u63db\u3048\u304c\u76ee\u7684<\/span><\/strong>\u3067\u3059\u3002<\/p>\n\n\n\n<p>\u3053\u3046\u3057\u305f<a href=\"#risk-1\">\u7d99\u7d9a\u7684\u306a\u501f\u308a\u63db\u3048\u4f9d\u5b58\u306e\u8cc7\u91d1\u8abf\u9054\u69cb\u9020<\/a>\u3092\u793a\u5506\u3057\u3066\u304a\u308a\u3001\u9577\u671f\u7684\u306a\u8ca1\u52d9\u5065\u5168\u6027\u3078\u306e\u61f8\u5ff5\u6750\u6599\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<div class=\"wp-block-group has-swl-main-thin-background-color has-background\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<p><strong>\u5224\u65ad\u306e\u30dd\u30a4\u30f3\u30c8<\/strong><br>\u9ad8\u5229\u56de\u308a\u306f\u9b45\u529b\u7684\u3067\u3059\u304c\u3001<strong>\u300c\u501f\u308a\u63db\u3048\u76ee\u7684\u300d<\/strong>\u3067\u3042\u308b\u70b9\u306f\u3001<a href=\"#hedge-fund\">\u3088\u308a\u5b89\u5b9a\u3057\u305f\u4ee3\u66ff\u6295\u8cc7\u5148<\/a>\u3092\u691c\u8a0e\u3057\u3066\u3082\u3088\u3044\u3067\u3057\u3087\u3046\u3002<\/p>\n<\/div><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"softbank-bond-risks\">\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u306f\u5371\u967a\uff1f\u7406\u7531\u3092\u89e3\u8aac<\/h2>\n\n\n\n<p>\u9ad8\u5229\u56de\u308a\u304c\u9b45\u529b\u306e\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u3067\u3059\u304c\u3001\u300c\u5371\u967a\u300d\u300c\u5371\u306a\u3044\u300d\u306e\u60aa\u3044\u53e3\u30b3\u30df\u3084\u8a55\u5224\u3001\u30c7\u30e1\u30ea\u30c3\u30c8\u3082\u5c11\u306a\u304f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n\n\n\n<p>\u306a\u305c\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u306f\u5371\u967a\u3068\u8a00\u308f\u308c\u308b\u306e\u304b\u30016\u3064\u306e\u30ea\u30b9\u30af\u3092\u8a73\u3057\u304f\u89e3\u8aac\u3057\u3066\u3044\u304d\u307e\u3059\u3002<\/p>\n\n\n\n<div class=\"swell-block-capbox cap_box is-style-small_ttl\"><div class=\"cap_box_ttl\"><span>\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u306e\u5371\u967a\u6027<\/span><\/div><div class=\"cap_box_content\">\n<ul class=\"wp-block-list -list-under-dashed\">\n<li>\u30ea\u30b9\u30af\u2460\uff1a<a href=\"#risk-1\">\u767a\u884c\u4f53\u306e\u8ca1\u52d9\u72b6\u6cc1\u304c\u4e0d\u5b89\u5b9a<\/a><\/li>\n\n\n\n<li>\u30ea\u30b9\u30af\u2461\uff1a<a href=\"#risk-2\">\u4fe1\u7528\u683c\u4ed8\u3051\u304c\u4f4e\u6c34\u6e96\u3067\u63a8\u79fb<\/a><\/li>\n\n\n\n<li>\u30ea\u30b9\u30af\u2462\uff1a<a href=\"#risk-3\">\u52a3\u5f8c\u7279\u7d04\u306a\u3069\u306b\u3088\u308b\u672a\u6255\u3044<\/a><\/li>\n\n\n\n<li>\u30ea\u30b9\u30af\u2463\uff1a<a href=\"#risk-4\">\u671f\u9650\u524d\u511f\u9084\u3055\u308c\u308b\u53ef\u80fd\u6027<\/a><\/li>\n\n\n\n<li>\u30ea\u30b9\u30af\u2464\uff1a<a href=\"#risk-5\">\u4e2d\u9014\u58f2\u5374\u306b\u3088\u308b\u5143\u672c\u5272\u308c<\/a><\/li>\n\n\n\n<li>\u30ea\u30b9\u30af\u2465\uff1a<a href=\"#risk-6\">\u30a4\u30f3\u30d5\u30ec\u8ca0\u3051\u3059\u308b\u53ef\u80fd\u6027<\/a><\/li>\n<\/ul>\n<\/div><\/div>\n\n\n<div class=\"swell-block-postLink\">\t\t\t<div class=\"p-blogCard -internal\" data-type=\"type1\" data-onclick=\"clickLink\">\n\t\t\t\t<div class=\"p-blogCard__inner\">\n\t\t\t\t\t<span class=\"p-blogCard__caption\">\u3042\u308f\u305b\u3066\u8aad\u307f\u305f\u3044<\/span>\n\t\t\t\t\t<div class=\"p-blogCard__thumb c-postThumb\"><figure class=\"c-postThumb__figure\"><img decoding=\"async\" src=\"https:\/\/knowledge-art.co.jp\/invest\/wp-content\/uploads\/rakuten-bond-risk-eyecatch.webp\" alt=\"\" class=\"c-postThumb__img u-obf-cover\" width=\"320\" height=\"180\"><\/figure><\/div>\t\t\t\t\t<div class=\"p-blogCard__body\">\n\t\t\t\t\t\t<a class=\"p-blogCard__title\" href=\"https:\/\/knowledge-art.co.jp\/invest\/rakuten-bond-risk\/\">\u697d\u5929\u306e\u793e\u50b5\u306f\u5371\u967a\uff1f\u8ca1\u52d9\u72b6\u6cc1\u30fb\u5012\u7523\u30ea\u30b9\u30af\u30fb\u683c\u4ed8\u3051\u304b\u3089\u898b\u308b\u5b89\u5168\u6027\u3068\u4ee3\u66ff\u6295\u8cc7\u5148<\/a>\n\t\t\t\t\t\t<span class=\"p-blogCard__excerpt\">\u300c\u697d\u5929\u306e\u793e\u50b5\u306f\u5371\u967a\u306a\u306e\uff1f\u300d\u300c\u697d\u5929\u30b0\u30eb\u30fc\u30d7\u304c\u6f70\u308c\u308b\u53ef\u80fd\u6027\u306f\uff1f\u300d \u697d\u5929\u30b0\u30eb\u30fc\u30d7\u306f\u3001EC\u30fb\u91d1\u878d\u30fb\u901a\u4fe1\u3068\u5e45\u5e83\u3044\u4e8b\u696d\u3092\u5c55\u958b\u3059\u308b\u4e00\u65b9\u3067\u3001\u697d\u5929\u30e2\u30d0\u30a4\u30eb\u4e8b\u696d\u3078\u306e\u5927\u898f\u6a21\u306a\u6295\u8cc7\u3084\u6709&#8230;<\/span>\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\n\n<h3 class=\"wp-block-heading\" id=\"risk-1\">\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u306e\u5371\u967a\u6027\u2460\u767a\u884c\u4f53\u306e\u8ca1\u52d9\u72b6\u6cc1\u304c\u4e0d\u5b89\u5b9a<\/h3>\n\n\n\n<p>\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u306e\u6700\u5927\u306e\u30ea\u30b9\u30af\u306f\u3001<strong>\u767a\u884c\u4f53\u3067\u3042\u308b\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u30b0\u30eb\u30fc\u30d7\u306e\u8ca1\u52d9\u72b6\u6cc1\u306e\u4e0d\u5b89\u5b9a\u3055<\/strong>\u3067\u3059\u3002<\/p>\n\n\n\n<p>\u6295\u8cc7\u4f1a\u793e\u306e\u6027\u8cea\u4e0a\u3001\u540c\u793e\u306e\u696d\u7e3e\u306f\u6295\u8cc7\u5148\u4f01\u696d\u306e\u682a\u4fa1\u5909\u52d5\u306b\u5927\u304d\u304f\u5de6\u53f3\u3055\u308c\u3001\u904e\u53bb5\u5e74\u9593\u3067\u5927\u5e45\u306a\u4e71\u9ad8\u4e0b\u3092\u7e70\u308a\u8fd4\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n<div class=\"c-scrollHint sp_\"><span>\u30b9\u30af\u30ed\u30fc\u30eb\u3067\u304d\u307e\u3059 <i class=\"icon-more_arrow\"><\/i><\/span><\/div>\n<figure data-table-scrollable=\"sp\" data-cell1-fixed=\"sp\" class=\"wp-block-table is-all-centered--va has-small-font-size\"><table style=\"--table-width:600px;--swl-cell1-width:90px;\"><thead><tr><th class=\"has-text-align-center\" data-align=\"center\">\u5e74\u5ea6<\/th><th class=\"has-text-align-right\" data-align=\"right\">\u7d14\u5229\u76ca<\/th><th class=\"has-text-align-right\" data-align=\"right\">\u81ea\u5df1\u8cc7\u672c\u6bd4\u7387<\/th><th>\u4e3b\u306a\u8981\u56e0<\/th><\/tr><\/thead><tbody><tr><th class=\"has-text-align-center\" data-align=\"center\">2019\u5e74<\/th><td class=\"has-text-align-right\" data-align=\"right\">\u25b29,616\u5104\u5186<\/td><td class=\"has-text-align-right\" data-align=\"right\">27.2%<\/td><td>Uber\u3084WeWork\u306a\u3069\u306e\u8a55\u4fa1\u640d\u5931<\/td><\/tr><tr><th class=\"has-text-align-center\" data-align=\"center\">2020\u5e74<\/th><td class=\"has-text-align-right\" data-align=\"right\">4\u51469,879\u5104\u5186<\/td><td class=\"has-text-align-right\" data-align=\"right\">18.3%<\/td><td>\u30b3\u30ed\u30ca\u30d0\u30d6\u30eb\u306b\u3088\u308b\u682a\u4fa1\u4e0a\u6607<\/td><\/tr><tr><th class=\"has-text-align-center\" data-align=\"center\">2021\u5e74<\/th><td class=\"has-text-align-right\" data-align=\"right\">\u25b21\u51467,080\u5104\u5186<\/td><td class=\"has-text-align-right\" data-align=\"right\">12.3%<\/td><td>\u30a2\u30ea\u30d0\u30d0\u682a\u5f0f\u306e\u66b4\u843d<\/td><\/tr><tr><th class=\"has-text-align-center\" data-align=\"center\">2022\u5e74<\/th><td class=\"has-text-align-right\" data-align=\"right\">\u25b29,701\u5104\u5186<\/td><td class=\"has-text-align-right\" data-align=\"right\">23.3%<\/td><td>\u7d99\u7d9a\u7684\u306a\u6295\u8cc7\u640d\u5931<\/td><\/tr><tr><th class=\"has-text-align-center\" data-align=\"center\">2023\u5e74<\/th><td class=\"has-text-align-right\" data-align=\"right\">\u25b22,276\u5104\u5186<\/td><td class=\"has-text-align-right\" data-align=\"right\">22.8%<\/td><td>\u8d64\u5b57\u5e45\u306f\u7e2e\u5c0f\u3082\u4f9d\u7136\u3068\u3057\u3066\u4e0d\u5b89\u5b9a<\/td><\/tr><tr><th class=\"has-text-align-center\" data-align=\"center\">2024\u5e74<\/th><td class=\"has-text-align-right\" data-align=\"right\"><strong><span class=\"swl-marker mark_yellow\">1\u51461,533\u5104\u5186<\/span><\/strong><\/td><td class=\"has-text-align-right\" data-align=\"right\">22.5%<\/td><td>4\u5e74\u3076\u308a\u306e\u9ed2\u5b57\u8ee2\u63db\uff08AI\u6295\u8cc7\u304c\u5bc4\u4e0e\uff09<\/td><\/tr><tr><th class=\"has-text-align-center\" data-align=\"center\">2025\u5e74<br>\uff084-12\u6708\uff09<\/th><td class=\"has-text-align-right\" data-align=\"right\"><strong><span class=\"swl-marker mark_yellow\">3\u51461,726\u5104\u5186<\/span><\/strong><\/td><td class=\"has-text-align-right\" data-align=\"right\">&#8211;<\/td><td>\u540c\u671f\u9593\u3068\u3057\u3066\u904e\u53bb\u6700\u9ad8\u76ca<br>\uff08OpenAI\u6295\u8cc7\u30672.8\u5146\u5186\u306e\u5229\u76ca\uff09<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\">\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u30b0\u30eb\u30fc\u30d7\u306e\u696d\u7e3e\u63a8\u79fb\uff082026\u5e743\u6708\u6642\u70b9\uff09<\/figcaption><\/figure>\n\n\n\n<h4 class=\"wp-block-heading\">\u30102026\u5e74\u6700\u65b0\u3011OpenAI\u3078\u306e\u5de8\u984d\u51fa\u8cc7\u3068\u8ca1\u52d9\u3078\u306e\u5f71\u97ff<\/h4>\n\n\n\n<p>\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u30b0\u30eb\u30fc\u30d7\u306f\u7c73OpenAI\u306b\u5bfe\u3057\u3001<strong><span class=\"swl-marker mark_yellow\">\u7d2f\u8a08\u51fa\u8cc7\u984d346\u5104\u30c9\u30eb\uff08\u7d045.3\u5146\u5186\uff09\u30fb\u51fa\u8cc7\u6bd4\u7387\u7d0411%<\/span><\/strong>\u306e\u5927\u682a\u4e3b\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002\u3055\u3089\u306b2026\u5e744\u6708\u306b\u306f300\u5104\u30c9\u30eb\u306e\u8ffd\u52a0\u51fa\u8cc7\u304c\u4e88\u5b9a\u3055\u308c\u3066\u304a\u308a\u3001\u5b8c\u4e86\u3059\u308c\u3070\u7d2f\u8a08646\u5104\u30c9\u30eb\u30fb\u6301\u5206\u6bd4\u7387\u7d0413%\u306b\u62e1\u5927\u3059\u308b\u898b\u8fbc\u307f\u3067\u3059\u3002<\/p>\n\n\n\n<p>2025\u5e744-12\u6708\u671f\u306e\u6c7a\u7b97\u3067\u306fOpenAI\u95a2\u9023\u3067<strong>\u7d042.8\u5146\u5186\u306e\u6295\u8cc7\u5229\u76ca<\/strong>\u3092\u8a08\u4e0a\u3057\u3001\u904e\u53bb\u6700\u9ad8\u76ca\u306b\u5927\u304d\u304f\u5bc4\u4e0e\u3057\u307e\u3057\u305f\u3002\u3057\u304b\u3057\u3001S&amp;P\u306f2026\u5e743\u67083\u65e5\u306b\u683c\u4ed8\u3051\u898b\u901a\u3057\u3092<strong><span class=\"swl-inline-color has-swl-deep-01-color\">\u300c\u5b89\u5b9a\u7684\u300d\u304b\u3089\u300c\u30cd\u30ac\u30c6\u30a3\u30d6\u300d\u306b\u5f15\u304d\u4e0b\u3052<\/span><\/strong>\u3001\u5de8\u984d\u51fa\u8cc7\u306b\u3088\u308b\u6295\u8cc7\u8cc7\u7523\u306e\u6d41\u52d5\u6027\u60aa\u5316\u3068\u8ca1\u52d9\u4f59\u529b\u306e\u4f4e\u4e0b\u3092\u61f8\u5ff5\u6750\u6599\u3068\u3057\u3066\u6307\u6458\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p>AI\u6295\u8cc7\u306b\u3088\u308b\u5c06\u6765\u306e\u6210\u9577\u671f\u5f85\u306f\u5927\u304d\u3044\u4e00\u65b9\u3067\u3001<strong>\u300c\u8cc7\u7523\u58f2\u5374\u7b49\u306e\u7de9\u548c\u7b56\u304c\u8fc5\u901f\u306b\u3068\u3089\u308c\u306a\u3044\u5834\u5408\u3001\u683c\u4ed8\u3051\u3078\u306e\u4e0b\u65b9\u5727\u529b\u304c\u5897\u3059\u300d<\/strong>\u3068S&amp;P\u306f\u8b66\u544a\u3057\u3066\u304a\u308a\u3001\u73fe\u5728\u306e\u8ca1\u52d9\u30ea\u30b9\u30af\u306e\u4e21\u9762\u3092\u614e\u91cd\u306b\u898b\u6975\u3081\u308b\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">\u7d99\u7d9a\u7684\u306a\u501f\u308a\u63db\u3048\u30ea\u30b9\u30af<\/h4>\n\n\n\n<p>\u7279\u306b\u61f8\u5ff5\u3055\u308c\u308b\u306e\u306f\u3001<strong>\u7d99\u7d9a\u7684\u306a\u793e\u50b5\u767a\u884c\u306b\u3088\u308b\u501f\u308a\u63db\u3048\u4f9d\u5b58\u306e\u8cc7\u91d1\u8abf\u9054\u69cb\u9020<\/strong>\u3067\u3059\u3002<\/p>\n\n\n\n<p>\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u30b0\u30eb\u30fc\u30d7\u306f\u65e2\u5b58\u50b5\u52d9\u306e\u501f\u308a\u63db\u3048\u306e\u305f\u3081\u306b\u6570\u5343\u5104\u5186\u898f\u6a21\u306e\u793e\u50b5\u3092\u5b9a\u671f\u7684\u306b\u767a\u884c\u3057\u3066\u304a\u308a\u3001\u4eca\u56de\u306e\u7b2c67\u56de\u3082\u8abf\u9054\u8cc7\u91d1\u306f\u300c\u501f\u5165\u91d1\u8fd4\u6e08\u300d\u306b\u5145\u5f53\u3055\u308c\u307e\u3059\u3002\u7d99\u7d9a\u7684\u306a\u501f\u308a\u63db\u3048\u4f9d\u5b58\u306e\u8cc7\u91d1\u8abf\u9054\u306f\u3044\u3064\u304b\u9650\u754c\u304c\u6765\u308b\u30ea\u30b9\u30af\u304c\u3042\u308b\u3067\u3057\u3087\u3046\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list -list-under-dashed has-swl-main-thin-background-color has-background\">\n<li>\u5e02\u5834\u74b0\u5883\u60aa\u5316\u6642\u306e\u65b0\u898f\u767a\u884c\u56f0\u96e3\u30ea\u30b9\u30af<\/li>\n\n\n\n<li>\u65e2\u5b58\u793e\u50b5\u306e\u511f\u9084\u306b\u652f\u969c\u3092\u304d\u305f\u3059\u6050\u308c<\/li>\n\n\n\n<li>\u6295\u8cc7\u5bb6\u4fe1\u983c\u5931\u589c\u306b\u3088\u308b\u9023\u9396\u7684\u60aa\u5316\u306e\u61f8\u5ff5<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">\u5de8\u984d\u6295\u8cc7\u306b\u3088\u308b\u696d\u7e3e\u3078\u306e\u5f71\u97ff<\/h4>\n\n\n\n<p>\u540c\u793e\u306e\u6295\u8cc7\u6226\u7565\u3082\u5927\u304d\u306a\u30ea\u30b9\u30af\u8981\u56e0\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u904e\u53bb\u306b\u306fWeWork\u3084Uber\u306a\u3069\u306e\u5de8\u984d\u6295\u8cc7\u3067\u5931\u6557\u3057\u3001<strong>\u30a2\u30ea\u30d0\u30d0\u682a\u306e\u4e0b\u843d\u3060\u3051\u30671\u5146\u5186\u3092\u8d85\u3048\u308b\u8a55\u4fa1\u640d\u3092\u8a08\u4e0a<\/strong>\u3057\u305f\u80cc\u666f\u3082\u3042\u308a\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<div class=\"swell-block-capbox cap_box is-style-small_ttl\"><div class=\"cap_box_ttl\"><span>\u4e3b\u8981\u306a\u6295\u8cc7\u5931\u6557\u4f8b<\/span><\/div><div class=\"cap_box_content\">\n<ul class=\"wp-block-list -list-under-dashed\">\n<li><strong>WeWork<\/strong>\uff1a2023\u5e7411\u6708\u306b\u7d4c\u55b6\u7834\u7dbb\u3001\u5de8\u984d\u306e\u6295\u8cc7\u640d\u5931<\/li>\n\n\n\n<li><strong>Uber<\/strong>\uff1aIPO\u5f8c\u306e\u682a\u4fa1\u4f4e\u8ff7\u306b\u3088\u308a\u5927\u5e45\u306a\u8a55\u4fa1\u640d<\/li>\n\n\n\n<li><strong>\u30a2\u30ea\u30d0\u30d0\u682a<\/strong>\uff1a\u4e2d\u56fd\u898f\u5236\u5f37\u5316\u306b\u3088\u308a1\u5146\u5186\u8d85\u306e\u8a55\u4fa1\u640d<\/li>\n\n\n\n<li><strong>\u70ba\u66ff\u30ea\u30b9\u30af<\/strong>\uff1a\u5186\u5b89\u306b\u3088\u308a7,031\u5104\u5186\u306e\u70ba\u66ff\u5dee\u640d\uff082023\u5e74\uff09<\/li>\n<\/ul>\n<\/div><\/div>\n\n\n\n<p>\u30cf\u30a4\u30ea\u30b9\u30af\u306a\u6295\u8cc7\u6226\u7565\u306f\u3001\u9ad8\u3044\u30ea\u30bf\u30fc\u30f3\u3092\u751f\u3080\u671f\u5f85\u3082\u3042\u308b\u53cd\u9762\u3001<strong>\u793e\u50b5\u6295\u8cc7\u5bb6\u306b\u3068\u3063\u3066\u306f\u5143\u672c\u56de\u53ce\u3078\u306e\u4e0d\u5b89\u8981\u7d20<\/strong>\u3068\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<div class=\"swell-block-capbox cap_box is-style-small_ttl\"><div class=\"cap_box_ttl\"><span>\u8ca1\u52d9\u30ea\u30b9\u30af\u306b\u5de6\u53f3\u3055\u308c\u305a\u3001\u5b89\u5b9a\u3057\u3066\u5897\u3084\u3057\u305f\u3044\u65b9\u3078<\/span><\/div><div class=\"cap_box_content\">\n<p>\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u30b0\u30eb\u30fc\u30d7\u306e\u3088\u3046\u306a\u500b\u5225\u4f01\u696d\u306e\u8ca1\u52d9\u72b6\u6cc1\u3084\u6295\u8cc7\u306e\u6210\u5426\u3092\u5fc3\u914d\u305b\u305a\u3001\u30d7\u30ed\u306e\u6226\u7565\u3067\u7740\u5b9f\u306b\u8cc7\u7523\u3092\u5897\u3084\u3057\u305f\u3044\u306a\u3089\u3001\u4ee5\u4e0b\u306e\u904b\u7528\u5148\u304c\u975e\u5e38\u306b\u6709\u52b9\u3067\u3059\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list -list-under-dashed\">\n<li><strong><a href=\"#haikua\">\u30cf\u30a4\u30af\u30a2\u30a4\u30f3\u30bf\u30fc\u30ca\u30b7\u30e7\u30ca\u30eb<\/a><\/strong><br><strong><span class=\"swl-marker mark_yellow\">\u5e74\u522912%\u56fa\u5b9a\u30fb\u624b\u6570\u6599\u5b8c\u5168\u7121\u6599<\/span><\/strong><\/li>\n\n\n\n<li><strong><a href=\"#action\">\u30a2\u30af\u30b7\u30e7\u30f3<\/a><\/strong><br><strong><span class=\"swl-marker mark_yellow\">\u524d\u5e74\u5ea6\u5e74\u5229+17.35%\u306e\u78ba\u304b\u306a\u5b9f\u7e3e<\/span><\/strong><\/li>\n<\/ul>\n\n\n\n<p>\u3044\u305a\u308c\u3082\u5e02\u5834\u306e\u4e71\u9ad8\u4e0b\u3084\u7279\u5b9a\u306e\u4f01\u696d\u306e\u7d4c\u55b6\u72b6\u614b\u306b\u4f9d\u5b58\u3057\u3059\u304e\u306a\u3044\u53ce\u76ca\u69cb\u9020\u3092\u6301\u3063\u3066\u304a\u308a\u3001\u793e\u50b5\u306b\u306f\u306a\u3044\u300c\u9ad8\u3044\u5b89\u5b9a\u6027\u300d\u3068\u300c\u52b9\u7387\u7684\u306a\u5229\u56de\u308a\u300d\u3092\u4e21\u7acb\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u8a73\u7d30\u306f\u300c<a href=\"#hedge-fund\">\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u306e\u30ea\u30b9\u30af\u304c\u6c17\u306b\u306a\u308b\u306a\u3089<\/a>\u300d\u304b\u3089\u78ba\u8a8d\u3057\u3066\u307f\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n<\/div><\/div>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"risk-2\">\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u306e\u5371\u967a\u6027\u2461\u4fe1\u7528\u683c\u4ed8\u3051\u304c\u4f4e\u6c34\u6e96\u3067\u63a8\u79fb<\/h3>\n\n\n\n<p>\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u306e\u4fe1\u7528\u683c\u4ed8\u3051\u306f\u3001\u7b2c\u4e09\u8005\u6a5f\u95a2\u306e\u683c\u4ed8\u3051\u4f1a\u793e\u306b\u3088\u308b\u8a55\u4fa1\u3092\u898b\u308b\u3068\u4fe1\u7528\u529b\u304c\u4f4e\u6c34\u6e96\u3068\u3044\u3048\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u65e5\u672c\u683c\u4ed8\u7814\u7a76\u6240(JCR)\u3067\u306e\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u306e\u683c\u4ed8\u3051\u306f\u3001\u666e\u901a\u793e\u50b5\u3067A\uff5eA-\u3001\u52a3\u5f8c\u50b5\u3067BBB\uff5eBBB+\u3067\u3059\u3002<\/p>\n\n\n\n<p>\u4e00\u65b9\u3001<strong><span class=\"swl-marker mark_yellow\">\u6d77\u5916\u683c\u4ed8\u3051\u4f1a\u793e\u306eS&amp;P\u306fBB+\u3068\u6295\u6a5f\u7684\u6c34\u6e96\u306e\u8a55\u4fa1<\/span><\/strong>\u3092\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u3055\u3089\u306b2026\u5e743\u67083\u65e5\u306b\u306f\u3001S&amp;P\u304c\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u30b0\u30eb\u30fc\u30d7\u306e\u683c\u4ed8\u3051\u898b\u901a\u3057\u3092<strong><span class=\"swl-inline-color has-swl-deep-01-color\">\u300c\u5b89\u5b9a\u7684\u300d\u304b\u3089\u300c\u30cd\u30ac\u30c6\u30a3\u30d6\u300d\u306b\u5f15\u304d\u4e0b\u3052<\/span><\/strong>\u307e\u3057\u305f\u3002OpenAI\u3078\u306e\u5de8\u984d\u8ffd\u52a0\u51fa\u8cc7\u306b\u3088\u308a\u8ca1\u52d9\u4f59\u529b\u304c\u60aa\u5316\u3059\u308b\u53ef\u80fd\u6027\u3092\u6307\u6458\u3057\u3066\u304a\u308a\u3001\u4eca\u5f8cBB+\u304b\u3089\u3055\u3089\u306b\u683c\u4e0b\u3052\u3055\u308c\u308b\u30ea\u30b9\u30af\u304c\u9ad8\u307e\u3063\u3066\u3044\u308b\u70b9\u306b\u8981\u6ce8\u610f\u3067\u3059\u3002<\/p>\n\n\n\n<p><span class=\"swl-fz u-fz-xs\">\u203b\u8a73\u7d30\u306f<a href=\"https:\/\/jp.reuters.com\/markets\/bonds\/XZ7WAKRKPFLGVEWQMF7N7XHXG4-2026-03-03\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u30ed\u30a4\u30bf\u30fc\u300cS\uff06P\u3001\u30bd\u30d5\u30c8\u30d0\u30f3\u30afG\u306e\u683c\u4ed8\u3051\u898b\u901a\u3057\u5f15\u304d\u4e0b\u3052\u300d\uff082026\u5e743\u67083\u65e5\uff09<\/a>\u3092\u53c2\u7167\u3002<\/span><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"564\" height=\"273\" src=\"http:\/\/knowledge-art.co.jp\/invest\/wp-content\/uploads\/softbank-saimu.webp\" alt=\"\u65e5\u672c\u683c\u4ed8\u7814\u7a76\u6240\uff08JCR\uff09\u306e\u683c\u4ed8\u3051\u5b9a\u7fa9\u4e00\u89a7\" class=\"wp-image-2203\"\/><figcaption class=\"wp-element-caption\">\u5f15\u7528\uff1a<a href=\"https:\/\/www.jcr.co.jp\/pdf\/dm24\/Types_of_Credit_Ratings_and_Definitions_of_Rating_Symbols20140106.pdf\" data-type=\"link\" data-id=\"https:\/\/www.jcr.co.jp\/pdf\/dm24\/Types_of_Credit_Ratings_and_Definitions_of_Rating_Symbols20140106.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">\u682a\u5f0f\u4f1a\u793e\u65e5\u672c\u683c\u4ed8\u7814\u7a76\u6240<\/a><\/figcaption><\/figure>\n\n\n\n<figure class=\"wp-block-table is-all-centered--va has-small-font-size\"><table><thead><tr><th>\u683c\u4ed8\u3051\u4f1a\u793e<\/th><th>\u683c\u4ed8\u3051<\/th><th>\u8a55\u4fa1<\/th><\/tr><\/thead><tbody><tr><th>JCR<\/th><td>A\uff5eA-<\/td><td>\u50b5\u52d9\u5c65\u884c\u306e\u78ba\u5b9f\u6027\u306f\u9ad8\u3044<\/td><\/tr><tr><th>S&amp;P<\/th><td>BB+<\/td><td>\u6295\u6a5f\u7684\u8981\u7d20\u304c\u5927\u304d\u3044<\/td><\/tr><tr><th>Moody&#8217;s<\/th><td>Ba2<\/td><td>\u6295\u6a5f\u7684\u8981\u7d20\u3042\u308a\uff08\u52dd\u624b\u683c\u4ed8\u3051\uff09<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>S&amp;P\u306e\u7d71\u8a08\u3067\u306f\u3001<strong><span class=\"swl-inline-color has-swl-deep-01-color\">BB\u683c\u4ed8\u3051\u306e\u4f01\u696d\u306e10\u5e74\u5f8c\u30c7\u30d5\u30a9\u30eb\u30c8\u7387\u306f\u7d0411%<\/span><\/strong>\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p><span class=\"swl-fz u-fz-xs\">\u203b\u683c\u4ed8\u3051\u5225\u306e\u30c7\u30d5\u30a9\u30eb\u30c8\u5b9f\u7e3e\u7387\u306f<a href=\"https:\/\/www.jcr.co.jp\/rrinfo\/default\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u65e5\u672c\u683c\u4ed8\u7814\u7a76\u6240\u300c\u7d2f\u7a4d\u30c7\u30d5\u30a9\u30eb\u30c8\u7387\u7b49\u300d<\/a>\u3067\u3082\u78ba\u8a8d\u3067\u304d\u307e\u3059\u3002<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"risk-3\">\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u306e\u5371\u967a\u6027\u2462\u52a3\u5f8c\u7279\u7d04\u3068\u5229\u6255\u7e70\u5ef6\u6761\u9805\u306b\u3088\u308b\u672a\u6255\u3044<\/h3>\n\n\n\n<p><strong>\u300c\u52a3\u5f8c\u7279\u7d04\u300d\u3084\u300c\u5229\u6255\u7e70\u5ef6\u6761\u9805\u300d\u306e\u6295\u8cc7\u5bb6\u306b\u4e0d\u5229\u306a\u6761\u4ef6\u304c\u4ed8\u3044\u3066\u3044\u308b\u9298\u67c4\u304c\u591a\u3044\u70b9<\/strong>\u304c\u3001\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u306e\u5371\u967a\u6027\u306e\u3072\u3068\u3064\u3067\u3059\u3002<\/p>\n\n\n\n<p>\u767a\u884c\u3055\u308c\u3066\u3044\u308b\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u306e\u7d04\u534a\u6570\u306f\u52a3\u5f8c\u7279\u7d04\u3084\u5229\u6255\u7e70\u5ef6\u6761\u9805\u306a\u3069\u306e\u7279\u7d04\u4ed8\u304d\u3067\u3042\u308a\u3001\u4e07\u304c\u4e00\u306e\u969b\u306b\u300c\u5143\u672c\u304c\u623b\u3089\u306a\u3044\u300d\u300c\u5229\u606f\u304c\u652f\u6255\u308f\u308c\u306a\u3044\u300d\u306e\u30ea\u30b9\u30af\u304c\u9ad8\u307e\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">\u5012\u7523\u6642\u306b\u8cc7\u91d1\u304c\u623b\u3089\u306a\u3044\u300c\u52a3\u5f8c\u7279\u7d04\u300d<\/h4>\n\n\n\n<p>\u52a3\u5f8c\u7279\u7d04\u4ed8\u304d\u306e\u793e\u50b5\u306f\u3001\u767a\u884c\u4f53\u304c\u7834\u7dbb\u3057\u305f\u5834\u5408\u306e\u50b5\u6a29\u8005\u3078\u306e\u5f01\u6e08\u9806\u4f4d\u304c\u300c\u666e\u901a\u793e\u50b5\u2192\u52a3\u5f8c\u793e\u50b5\u2192\u682a\u5f0f\u300d\u306e\u9806\u306b\u884c\u308f\u308c\u308b\u305f\u3081\u3001<strong>\u5012\u7523\u6642\u306b\u306f\u6295\u8cc7\u8cc7\u91d1\u304c\u307b\u3068\u3093\u3069\u623b\u3089\u306a\u3044\u5371\u967a\u6027\u304c\u3042\u308a\u307e\u3059<\/strong>\u3002<\/p>\n\n\n<div class=\"c-scrollHint sp_\"><span>\u30b9\u30af\u30ed\u30fc\u30eb\u3067\u304d\u307e\u3059 <i class=\"icon-more_arrow\"><\/i><\/span><\/div>\n<figure data-table-scrollable=\"sp\" data-cell1-fixed=\"sp\" class=\"wp-block-table has-small-font-size\"><table style=\"--table-width:550px;--swl-cell1-width:120px;\"><thead><tr><th>\u793e\u50b5\u30bf\u30a4\u30d7<\/th><th>\u5f01\u6e08\u9806\u4f4d<\/th><th>\u7834\u7dbb\u6642\u56de\u53ce\u7387<\/th><th>\u5229\u7387\u6c34\u6e96<\/th><\/tr><\/thead><tbody><tr><th>\u666e\u901a\u793e\u50b5<\/th><td>1\u4f4d<\/td><td>\u6bd4\u8f03\u7684\u9ad8\u3044<\/td><td>1.38%\uff5e3.15%<\/td><\/tr><tr><th>\u52a3\u5f8c\u793e\u50b5<\/th><td>2\u4f4d<\/td><td>\u6975\u3081\u3066\u4f4e\u3044<\/td><td>2.40%\uff5e4.75%<\/td><\/tr><tr><th>\u682a\u5f0f<\/th><td>3\u4f4d<\/td><td>\u307b\u307c\u30bc\u30ed<\/td><td>\u914d\u5f53\u5229\u56de\u308a<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\">\u5f01\u6e08\u9806\u4f4d\u3068\u7834\u7dbb\u6642\u306e\u56de\u53ce\u7387\u6bd4\u8f03<\/figcaption><\/figure>\n\n\n\n<h4 class=\"wp-block-heading\">\u5229\u606f\u304c\u6b62\u307e\u308b\u300c\u5229\u6255\u7e70\u5ef6\u6761\u9805\u300d<\/h4>\n\n\n\n<p>\u3055\u3089\u306b\u6ce8\u610f\u304c\u5fc5\u8981\u306a\u306e\u304c\u3001\u4e00\u90e8\u306e\u793e\u50b5\u306b\u4ed8\u3044\u3066\u3044\u308b\u300c\u5229\u6255\u7e70\u5ef6\u6761\u9805\u300d\u3067\u3059\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"780\" height=\"220\" src=\"http:\/\/knowledge-art.co.jp\/invest\/wp-content\/uploads\/softbank-siriw.webp\" alt=\"\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u306e\u5229\u6255\u7e70\u5ef6\u6761\u9805\u4ed8\u304d\u306e\u9298\u67c4\" class=\"wp-image-2202\" srcset=\"https:\/\/knowledge-art.co.jp\/invest\/wp-content\/uploads\/softbank-siriw.webp 780w, https:\/\/knowledge-art.co.jp\/invest\/wp-content\/uploads\/softbank-siriw-768x217.webp 768w\" sizes=\"(max-width: 780px) 100vw, 780px\" \/><figcaption class=\"wp-element-caption\">\u5f15\u7528\uff1a<a href=\"https:\/\/s.sbisec.co.jp\/smweb\/pr\/gaccnt.do?page=bond_japan_9984hb06_01\" data-type=\"link\" data-id=\"https:\/\/s.sbisec.co.jp\/smweb\/pr\/gaccnt.do?page=bond_japan_9984hb06_01\" target=\"_blank\" rel=\"noreferrer noopener\">SBI\u8a3c\u5238<\/a><\/figcaption><\/figure>\n\n\n\n<p>\u5229\u6255\u7e70\u5ef6\u6761\u9805\u3068\u306f<strong>\u767a\u884c\u4f53\u306e\u8ca1\u52d9\u72b6\u6cc1\u304c\u60aa\u5316\u3057\u305f\u5834\u5408\u3001\u5229\u606f\u306e\u652f\u6255\u3044\u3092\u5ef6\u671f\u3067\u304d\u308b\u6761\u9805<\/strong>\u3067\u3059\u3002<\/p>\n\n\n\n<p>\u8a08\u753b\u3069\u304a\u308a\u306b\u5229\u5b50\u3092\u53d7\u3051\u53d6\u308c\u306a\u3044\u30ea\u30b9\u30af\u304c\u3042\u308b\u3060\u3051\u3067\u306a\u304f\u3001\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u306e\u8ca1\u52d9\u60aa\u5316\u306e\u30b5\u30a4\u30f3\u3067\u3082\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p>2023\u5e744\u6708\u767a\u884c\u306e\u7b2c6\u56de\u52a3\u5f8c\u50b5\u306f\u5229\u73874.75%\u3068\u9ad8\u3081\u3067\u3059\u304c\u3001<strong><span class=\"swl-inline-color has-swl-deep-01-color\">\u6761\u9805\u4ed8\u304d(\u30ea\u30b9\u30af)\u3067\u3042\u308b\u70b9\u306b\u6ce8\u610f\u304c\u5fc5\u8981<\/span><\/strong>\u3067\u3059\u3002<\/p>\n\n\n\n<p>\u306a\u304a\u3001\u3053\u3046\u3057\u305f\u30ea\u30b9\u30af\u3092\u907f\u3051\u3064\u3064\u914d\u5f53\u3092\u78ba\u5b9f\u306b\u56de\u53ce\u3057\u305f\u3044\u65b9\u306b\u306f\u3001\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u3082\u691c\u8a0e\u3057\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n\n\n\n<p><a href=\"#hedge-fund\">&gt;&gt;\u5b89\u5b9a\u3057\u3066\u9ad8\u914d\u5f53\u3092\u53d7\u3051\u53d6\u308c\u308b\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u306f\u3053\u3061\u3089<\/a><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"risk-4\">\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u306e\u5371\u967a\u6027\u2463\u671f\u9650\u524d\u511f\u9084\u3055\u308c\u308b\u53ef\u80fd\u6027<\/h3>\n\n\n\n<p>\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u306b\u306f\u3001\u671f\u9650\u524d\u511f\u9084\u3055\u308c\u308b\u30ea\u30b9\u30af\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u671f\u9650\u524d\u511f\u9084\u6761\u9805\u4ed8\u304d\u306e\u52a3\u5f8c\u50b5\u306f\u3001<strong><span class=\"swl-marker mark_yellow\">\u6e80\u671f\u524d\u306b\u4f1a\u793e\u5074\u306e\u90fd\u5408\u3067\u511f\u9084\u3055\u308c\u308b\u53ef\u80fd\u6027\u304c\u9ad8\u3044<\/span><\/strong>\u306e\u304c\u5b9f\u60c5\u3067\u3059\u3002<\/p>\n\n\n\n<p>\u521d\u56de\u511f\u9084\u53ef\u80fd\u65e5\u3092\u904e\u304e\u308b\u3068\u5229\u7387\u304c\u4e0a\u6607\u3059\u308b\u4ed5\u7d44\u307f\u306e\u305f\u3081\u3001\u767a\u884c\u4f53\u306f\u65e9\u671f\u511f\u9084\u3092\u9078\u3076\u30b1\u30fc\u30b9\u304c\u307b\u3068\u3093\u3069\u3002<\/p>\n\n\n\n<p>\u5b9f\u969b\u3001<strong><span class=\"swl-inline-color has-swl-deep-01-color\">2016\u5e74\u767a\u884c\u306e3\u3064\u306e\u52a3\u5f8c\u50b5\u306f\u3059\u3079\u30665\uff5e7\u5e74\u3067\u7e70\u308a\u4e0a\u3052\u511f\u9084\u3055\u308c\u307e\u3057\u305f<\/span><\/strong>\u3002<\/p>\n\n\n\n<p>\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u306e\u3088\u3046\u306b\u767a\u884c\u4f53\u306e\u4e8b\u60c5\u306b\u632f\u308a\u56de\u3055\u308c\u305a\u3001<strong>\u30d7\u30ed\u306e\u6226\u7565\u3067\u5b89\u5b9a\u7684\u306a\u30ea\u30bf\u30fc\u30f3\u3092\u7a4d\u307f\u4e0a\u3052\u305f\u3044\u65b9<\/strong>\u306f\u3001\u4ee5\u4e0b\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u3092\u691c\u8a0e\u3057\u3066\u307f\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n\n\n\n<div class=\"swell-block-capbox cap_box is-style-small_ttl\"><div class=\"cap_box_ttl\"><span>\u4f1a\u793e\u90fd\u5408\u306e\u904b\u7528\u7d42\u4e86\u306b\u5de6\u53f3\u3055\u308c\u305f\u304f\u306a\u3044\u65b9\u3078<\/span><\/div><div class=\"cap_box_content\">\n<p>\u81ea\u5206\u306e\u8a08\u753b\u901a\u308a\u306b\u8cc7\u7523\u3092\u5897\u3084\u3057\u305f\u3044\u306a\u3089\u3001\u30d7\u30ed\u306b\u904b\u7528\u3092\u4efb\u305b\u308b\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u304c\u6709\u52b9\u3067\u3059 \u3002<\/p>\n\n\n\n<ul class=\"wp-block-list -list-under-dashed\">\n<li><strong><a href=\"#haikua\">\u30cf\u30a4\u30af\u30a2\u30a4\u30f3\u30bf\u30fc\u30ca\u30b7\u30e7\u30ca\u30eb<\/a><\/strong><br><strong><span class=\"swl-marker mark_yellow\">\u5e74\u522912%\u306e\u56fa\u5b9a\u914d\u5f53\u30fb\u3044\u3064\u3067\u3082\u89e3\u7d04\u53ef\u80fd\u306a\u67d4\u8edf\u6027<\/span><\/strong><\/li>\n\n\n\n<li><strong><a href=\"#action\">\u30a2\u30af\u30b7\u30e7\u30f3<\/a><\/strong><br><strong><span class=\"swl-marker mark_yellow\">\u524d\u5e74\u5ea6\u5e74\u5229+17.35%\u306e\u78ba\u304b\u306a\u5b9f\u7e3e<\/span><\/strong><\/li>\n<\/ul>\n\n\n\n<p>\u3044\u305a\u308c\u3082\u5e02\u5834\u306e\u6025\u5909\u3084\u4f1a\u793e\u90fd\u5408\u306b\u632f\u308a\u56de\u3055\u308c\u306b\u304f\u3044\u53ce\u76ca\u69cb\u9020\u3092\u6301\u3063\u3066\u304a\u308a\u3001<strong>\u9577\u671f\u306b\u308f\u305f\u3063\u3066\u30d7\u30ed\u304c\u5b89\u5b9a\u7684\u306b\u30ea\u30bf\u30fc\u30f3\u3092\u8ffd\u6c42<\/strong>\u3057\u3066\u304f\u308c\u307e\u3059 \u3002<\/p>\n\n\n\n<p>\u8a73\u7d30\u306f\u300c<a href=\"#hedge-fund\">\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u306e\u30ea\u30b9\u30af\u304c\u6c17\u306b\u306a\u308b\u306a\u3089<\/a>\u300d\u304b\u3089\u78ba\u8a8d\u3057\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n<\/div><\/div>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"risk-5\">\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u306e\u5371\u967a\u6027\u2464\u4e2d\u9014\u58f2\u5374\u306b\u3088\u308b\u5143\u672c\u5272\u308c<\/h3>\n\n\n\n<p>\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u306f\u6e80\u671f\u524d\u3067\u3082\u8a3c\u5238\u4f1a\u793e\u3067\u58f2\u5374\u3067\u304d\u307e\u3059\u304c\u3001<strong><span class=\"swl-marker mark_yellow\">\u5e02\u5834\u4fa1\u683c\u3067\u306e\u58f2\u5374\u3068\u306a\u308b\u305f\u3081\u5143\u672c\u5272\u308c\u306e\u30ea\u30b9\u30af<\/span><\/strong>\u304c\u4f34\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u793e\u50b5\u4fa1\u683c\u306f\u91d1\u5229\u52d5\u5411\u3084\u767a\u884c\u4f53\u306e\u4fe1\u7528\u529b\u306b\u3088\u3063\u3066\u65e5\u3005\u5909\u52d5\u3057\u3001\u7279\u306b\u6700\u8fd1\u306f<strong>\u91d1\u5229\u4e0a\u6607\u5c40\u9762\u306b\u3042\u308b\u305f\u3081\u3001\u65e2\u767a\u50b5\u5238\u306e\u4fa1\u683c\u306f\u4e0b\u843d\u3057\u3084\u3059\u3044\u74b0\u5883<\/strong>\u3068\u3044\u3048\u308b\u3067\u3057\u3087\u3046\u3002<\/p>\n\n\n\n<p>\u5e02\u5834\u74b0\u5883\u306e\u5909\u5316\u306b\u304a\u3051\u308b\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u306e\u60f3\u5b9a\u3059\u308b\u5f71\u97ff\u306f\u4ee5\u4e0b\u306b\u307e\u3068\u3081\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table is-all-centered--va has-small-font-size\"><table class=\"has-fixed-layout\"><thead><tr><th>\u5e02\u5834\u74b0\u5883<\/th><th>\u793e\u50b5\u4fa1\u683c\u3078\u306e\u5f71\u97ff<\/th><\/tr><\/thead><tbody><tr><th>\u91d1\u5229\u4e0a\u6607\u6642<\/th><td>\u793e\u50b5\u4fa1\u683c\u306f\u4e0b\u843d<\/td><\/tr><tr><th>\u91d1\u5229\u4f4e\u4e0b\u6642<\/th><td>\u793e\u50b5\u4fa1\u683c\u306f\u4e0a\u6607<\/td><\/tr><tr><th>\u4fe1\u7528\u4e0d\u5b89\u6642<\/th><td>\u58f2\u5374\u56f0\u96e3\u306b\u306a\u308b\u6050\u308c<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>\u6e80\u671f\u307e\u30676\u5e74\uff5e35\u5e74\u3068\u9577\u671f\u904b\u7528\u304c\u524d\u63d0\u306e\u9298\u67c4\u3082\u591a\u3044\u305f\u3081\u3001<strong><span class=\"swl-inline-color has-swl-deep-01-color\">\u9014\u4e2d\u3067\u8cc7\u91d1\u304c\u5fc5\u8981\u306b\u306a\u3063\u305f\u5834\u5408\u306f\u6ce8\u610f\u304c\u5fc5\u8981<\/span><\/strong>\u3067\u3059\u3002<\/p>\n\n\n\n<p>\u306a\u304a\u3001\u4fa1\u683c\u306e\u4e0a\u4e0b\u304c\u6fc0\u3057\u3044\u5e02\u5834\u74b0\u5883\u3067\u3082\u4e00\u5b9a\u306e\u5229\u76ca\u3092\u72d9\u3044\u305f\u3044\u65b9\u306f\u3001\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u3092\u691c\u8a0e\u3057\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n\n\n\n<p><a href=\"#hedge-fund\">&gt;&gt;\u5b89\u5b9a\u3057\u305f\u5229\u76ca\u304c\u898b\u8fbc\u3081\u308b\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u306f\u3053\u3061\u3089<\/a><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"risk-6\">\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u306e\u5371\u967a\u6027\u2465\u30a4\u30f3\u30d5\u30ec\u8ca0\u3051\u3059\u308b\u53ef\u80fd\u6027<\/h3>\n\n\n\n<p>\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u306f\u30a4\u30f3\u30d5\u30ec\u306b\u8ca0\u3051\u308b\u6050\u308c\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"600\" height=\"360\" src=\"http:\/\/knowledge-art.co.jp\/invest\/wp-content\/uploads\/softbank-inful.webp\" alt=\"\u65e5\u672c\u306e\u30a4\u30f3\u30d5\u30ec\u7387\u306f\u4eca\u5f8c2%\u53f0\u304c\u7d9a\u304f\u3053\u3068\u304c\u4e88\u60f3\u3055\u308c\u308b\" class=\"wp-image-2129\"\/><figcaption class=\"wp-element-caption\">\u51fa\u5178\uff1a<a href=\"https:\/\/ecodb.net\/exec\/trans_country.php?type=WEO&amp;d=PCPIPCH&amp;c1=JP&amp;s=&amp;e=\" data-type=\"link\" data-id=\"https:\/\/ecodb.net\/exec\/trans_country.php?type=WEO&amp;d=PCPIPCH&amp;c1=JP&amp;s=&amp;e=\" target=\"_blank\" rel=\"noreferrer noopener\">\u4e16\u754c\u7d4c\u6e08\u306e\u30cd\u30bf\u5e33<\/a><\/figcaption><\/figure>\n\n\n\n<p>\u65e5\u672c\u306e\u30a4\u30f3\u30d5\u30ec\u7387\u306f2023\u5e74\u306b3%\u3092\u8d85\u3048\u3001\u4eca\u5f8c\u30822%\u53f0\u304c\u7d9a\u304f\u3068\u4e88\u60f3\u3055\u308c\u308b\u4e2d\u3001\u5229\u73872.75%\u306e\u793e\u50b5\u3067\u306f\u30a4\u30f3\u30d5\u30ec\u73872%\u3092\u5dee\u3057\u5f15\u304f\u3068<strong><span class=\"swl-marker mark_yellow\">\u5b9f\u8cea\u7684\u306a\u904b\u7528\u52b9\u679c\u306f\u5e740.75%\u7a0b\u5ea6<\/span><\/strong>\u306b\u3057\u304b\u306a\u308a\u307e\u305b\u3093\u3002<\/p>\n\n\n\n<p><strong><span class=\"swl-inline-color has-swl-deep-01-color\">\u52a3\u5f8c\u7279\u7d04\u4ed8\u304d\u3067\u30ea\u30b9\u30af\u304c\u9ad8\u3044\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u3001\u5b9f\u8cea\u30ea\u30bf\u30fc\u30f3\u304c\u308f\u305a\u304b\u3067\u306f\u5272\u306b\u5408\u308f\u306a\u3044<\/span><\/strong>\u3067\u3057\u3087\u3046\u3002<\/p>\n\n\n\n<p>\u8cc7\u7523\u3092\u672c\u5f53\u306b\u5897\u3084\u3057\u305f\u3044\u306a\u3089\u3001\u30a4\u30f3\u30d5\u30ec\u3092\u4e0a\u56de\u308b\u904b\u7528\u5148\u3092\u691c\u8a0e\u3059\u308b\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u306a\u304a\u3001<strong>\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u306f\u300110~20%\u3068\u9ad8\u3044\u5229\u56de\u308a\u304c\u671f\u5f85<\/strong>\u3067\u304d\u308b\u5546\u54c1\u3067\u3059\u3002<\/p>\n\n\n\n<p>\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u306b\u3064\u3044\u3066\u306f\u3001\u5f8c\u8ff0\u3059\u308b\u300c<a href=\"#hedge-fund\" data-type=\"internal\" data-id=\"#hedge-fund\"><\/a><a href=\"#hedge-fund\" data-type=\"internal\" data-id=\"#hedge-fund\">\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u306e\u30ea\u30b9\u30af\u304c\u6c17\u306b\u306a\u308b\u306a\u3089\u9ad8\u5229\u56de\u308a\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u304c\u304a\u3059\u3059\u3081<\/a>\u300d\u3092\u3054\u89a7\u304f\u3060\u3055\u3044\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"softbank-bond-reality\">\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u306e\u5b9f\u614b\u3068\u3088\u304f\u3042\u308b\u8aa4\u89e3<\/h2>\n\n\n\n<p>\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u306f\u5371\u967a\u3068\u4e0d\u5b89\u306e\u58f0\u304c\u3042\u308b\u4e00\u65b9\u3067\u3001\u8aa4\u89e3\u3084\u904e\u5ea6\u306a\u5fc3\u914d\u3082\u5c11\u306a\u304f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n\n\n\n<p>\u3053\u3053\u3067\u306f\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u306e\u6295\u8cc7\u5224\u65ad\u304c\u5927\u4e08\u592b\u3068\u8a00\u3048\u308b\u6839\u62e0\u3084\u5b9f\u614b\u3092\u898b\u3066\u3044\u304d\u307e\u3057\u3087\u3046\u3002<\/p>\n\n\n\n<div class=\"swell-block-capbox cap_box is-style-small_ttl\"><div class=\"cap_box_ttl\"><span>\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u306e\u5b9f\u614b\u3068\u8aa4\u89e3\u306e\u30dd\u30a4\u30f3\u30c8<\/span><\/div><div class=\"cap_box_content\">\n<ul class=\"wp-block-list -list-under-dashed\">\n<li><a href=\"#risk-difference\">\u793e\u50b5\u3068\u682a\u5f0f\u306e\u30ea\u30b9\u30af\u306e\u9055\u3044\u3092\u7406\u89e3\u3059\u308b<\/a><\/li>\n\n\n\n<li><a href=\"#credit-rating\">\u683c\u4ed8\u3051\u304b\u3089\u898b\u308b\u5b9f\u969b\u306e\u4fe1\u7528\u529b<\/a><\/li>\n\n\n\n<li><a href=\"#subordinated-bond\">\u52a3\u5f8c\u50b5\u3078\u306e\u6295\u8cc7\u5224\u65ad\u306e\u8003\u3048\u65b9<\/a><\/li>\n\n\n\n<li><a href=\"#sell-remaining\">\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u306f\u58f2\u308c\u6b8b\u308b\uff1f\u5b9f\u969b\u306e\u58f2\u308c\u884c\u304d<\/a><\/li>\n\n\n\n<li><a href=\"#financial-improvement\">\u8ca1\u52d9\u72b6\u6cc1\u306e\u6539\u5584\u8981\u56e0\u306b\u3064\u3044\u3066<\/a><\/li>\n<\/ul>\n<\/div><\/div>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"risk-difference\">\u793e\u50b5\u3068\u682a\u5f0f\u306e\u30ea\u30b9\u30af\u306e\u9055\u3044\u3092\u7406\u89e3\u3059\u308b<\/h3>\n\n\n\n<p>\u793e\u50b5\u3068\u682a\u5f0f\u3067\u306f\u3001\u30ea\u30b9\u30af\u306e\u6027\u8cea\u304c\u6839\u672c\u7684\u306b\u7570\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u682a\u5f0f\u306f\u4f01\u696d\u696d\u7e3e\u306b\u3088\u3063\u3066\u4fa1\u683c\u304c\u5927\u304d\u304f\u5909\u52d5\u3057\u307e\u3059\u304c\u3001<strong><span class=\"swl-marker mark_yellow\">\u793e\u50b5\u306f\u6e80\u671f\u307e\u3067\u4fdd\u6709\u3059\u308c\u3070\u5143\u672c\u304c\u623b\u3063\u3066\u304f\u308b<\/span><\/strong>\u306e\u304c\u57fa\u672c\u3067\u3059\u3002<\/p>\n\n\n\n<p>\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u30b0\u30eb\u30fc\u30d7\u304c\u6295\u8cc7\u3067\u640d\u5931\u3092\u51fa\u3057\u3066\u3082\u3001<strong>\u793e\u50b5\u306e\u5143\u672c\u3084\u5229\u606f\u306e\u652f\u6255\u3044\u80fd\u529b\u304c\u3059\u3050\u306b\u5931\u308f\u308c\u308b\u308f\u3051\u3067\u306f\u3042\u308a\u307e\u305b\u3093<\/strong>\u3002<\/p>\n\n\n\n<p>\u904e\u53bb\u306e\u5927\u4f01\u696d\u306e\u7834\u7dbb\u4f8b\u3092\u898b\u3066\u3082\u3001\u793e\u50b5\u304c\u30c7\u30d5\u30a9\u30eb\u30c8\u3059\u308b\u307e\u3067\u306b\u306f\u76f8\u5fdc\u306e\u6642\u9593\u304c\u3042\u308b\u30b1\u30fc\u30b9\u304c\u591a\u3044\u306e\u3082\u4e8b\u5b9f\u3067\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"credit-rating\">\u683c\u4ed8\u3051\u304b\u3089\u898b\u308b\u5b9f\u969b\u306e\u4fe1\u7528\u529b<\/h3>\n\n\n\n<p>\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u306e\u683c\u4ed8\u3051\u304cBB\u3084BBB\u3060\u304b\u3089\u3068\u3044\u3063\u3066\u3001\u3059\u3050\u306b\u5371\u967a\u306a\u306e\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n\n\n\n<p>JCR\u306e\u683c\u4ed8\u3051\u3067\u306fA-\u3084BBB+\u3068\u306a\u3063\u3066\u304a\u308a\u3001<strong><span class=\"swl-marker mark_yellow\">\u6295\u8cc7\u9069\u683c\u306e\u6c34\u6e96\u306f\u7dad\u6301<\/span><\/strong>\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u6d77\u5916\u683c\u4ed8\u3051\u4f1a\u793e\u306e\u8a55\u4fa1\u304c\u53b3\u3057\u3081\u306a\u306e\u306f\u3001\u56fd\u969b\u57fa\u6e96\u3067\u306e\u6bd4\u8f03\u306b\u8d77\u56e0\u3059\u308b\u3068\u3044\u3048\u308b\u3067\u3057\u3087\u3046\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table is-all-centered--va has-small-font-size\"><table class=\"has-fixed-layout\"><thead><tr><th>\u683c\u4ed8\u3051\u6c34\u6e96<\/th><th>\u610f\u5473<\/th><th>\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u306e\u4f4d\u7f6e<\/th><\/tr><\/thead><tbody><tr><th>AAA\uff5eAA<\/th><td>\u6700\u4e0a\u7d1a\u306e\u4fe1\u7528\u529b<\/td><td>&#8211;<\/td><\/tr><tr><th>A\uff5eBBB<\/th><td>\u6295\u8cc7\u9069\u683c<\/td><td>JCR\u306e\u8a55\u4fa1<\/td><\/tr><tr><th>BB\u4ee5\u4e0b<\/th><td>\u6295\u6a5f\u7684\u6c34\u6e96<\/td><td>S&amp;P\u306e\u8a55\u4fa1<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>\u65e5\u672c\u4f01\u696d\u306e\u591a\u304f\u304cBBB\u683c\u4ed8\u3051\u3067\u554f\u984c\u306a\u304f\u4e8b\u696d\u3092\u7d99\u7d9a\u3057\u3066\u3044\u308b\u70b9\u3082\u8003\u616e\u3059\u3079\u304d\u3067\u3057\u3087\u3046\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"subordinated-bond\">\u52a3\u5f8c\u50b5\u3078\u306e\u6295\u8cc7\u5224\u65ad\u306e\u8003\u3048\u65b9<\/h3>\n\n\n\n<p>\u52a3\u5f8c\u50b5\u306f\u78ba\u304b\u306b\u30ea\u30b9\u30af\u304c\u9ad8\u3081\u306a\u4e00\u65b9\u3067\u3001\u30ea\u30b9\u30af\u306b\u898b\u5408\u3063\u305f\u5229\u56de\u308a\u304c\u8a2d\u5b9a\u3055\u308c\u3066\u304a\u308a\u3001\u56fd\u5185\u5927\u4f01\u696d\u306e\u30c7\u30d5\u30a9\u30eb\u30c8\u4f8b\u306f\u6975\u3081\u3066\u5c11\u306a\u3044\u305f\u3081<strong><span class=\"swl-marker mark_yellow\">\u904e\u5ea6\u306b\u6050\u308c\u308b\u5fc5\u8981\u306f\u306a\u3044<\/span><\/strong>\u898b\u65b9\u3082\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u5927\u5207\u306a\u306e\u306f\u30ea\u30b9\u30af\u3068\u30ea\u30bf\u30fc\u30f3\u306e\u30d0\u30e9\u30f3\u30b9\u3092\u7406\u89e3\u3057\u305f\u4e0a\u3067\u3001\u3042\u304f\u307e\u3067\u5206\u6563\u6295\u8cc7\u306e\u4e00\u74b0\u3068\u3057\u3066\u81ea\u5206\u306e\u6295\u8cc7\u65b9\u91dd\u306b\u5408\u3046\u304b\u5224\u65ad\u3059\u308b\u59ff\u52e2\u3067\u3059\u3002<\/p>\n\n\n\n<p>\u3082\u3057\u30ea\u30b9\u30af\u3092\u6291\u3048\u3064\u3064\u7740\u5b9f\u306b\u8cc7\u7523\u3092\u5897\u3084\u3057\u305f\u3044\u306a\u3089\u3001\u914d\u5f53\u306e\u56de\u53ce\u7387\u304c\u9ad8\u304f\u898b\u8fbc\u3081\u308b\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u3078\u306e\u51fa\u8cc7\u3082\u691c\u8a0e\u3057\u3066\u307f\u307e\u3057\u3087\u3046\u3002<\/p>\n\n\n\n<p><a href=\"#hedge-fund\">&gt;&gt;\u5b89\u5b9a\u3057\u3066\u9ad8\u914d\u5f53\u3092\u53d7\u3051\u53d6\u308c\u308b\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u306f\u3053\u3061\u3089<\/a><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"sell-remaining\">\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u306f\u58f2\u308c\u6b8b\u308b\uff1f\u5b9f\u969b\u306e\u58f2\u308c\u884c\u304d<\/h3>\n\n\n\n<p>\u300c\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u306f\u58f2\u308c\u6b8b\u308a\u304c\u3042\u308b\u300d\u3068\u3044\u3046\u58f0\u304c\u30cd\u30c3\u30c8\u4e0a\u306b\u3042\u308a\u307e\u3059\u304c\u3001<strong><span class=\"swl-marker mark_yellow\">\u904e\u53bb\u306e\u500b\u4eba\u5411\u3051\u666e\u901a\u793e\u50b5\u306f\u307b\u307c\u5168\u3066\u6570\u6642\u9593\u301c\u6570\u65e5\u3067\u5b8c\u58f2<\/span><\/strong>\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u76f4\u8fd1\u306e\u7b2c67\u56de\uff085,000\u5104\u5186\uff09\u3082\u6570\u65e5\u3067\u5b8c\u58f2\u3001\u7b2c65\u56de\uff086,000\u5104\u5186\u30fb\u904e\u53bb\u6700\u5927\uff09\u3082\u5b8c\u58f2\u3068\u306a\u308a\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<p>\u305f\u3060\u3057\u3001\u30cf\u30a4\u30d6\u30ea\u30c3\u30c9\u793e\u50b5\uff08\u52a3\u5f8c\u7279\u7d04\u4ed8\uff09\u306f\u666e\u901a\u793e\u50b5\u3088\u308a\u30ea\u30b9\u30af\u304c\u9ad8\u3044\u305f\u3081\u3001\u6295\u8cc7\u5bb6\u306e\u614e\u91cd\u59ff\u52e2\u304b\u3089<strong>\u666e\u901a\u793e\u50b5\u307b\u3069\u306e\u5373\u65e5\u5b8c\u58f2\u306b\u306f\u306a\u3089\u306a\u3044\u53ef\u80fd\u6027<\/strong>\u3082\u3042\u308a\u307e\u3059\u3002\u3044\u305a\u308c\u306b\u305b\u3088\u3001<strong>\u300c\u58f2\u308c\u6b8b\u308a\uff1d\u5371\u967a\u306a\u5546\u54c1\u300d\u3067\u306f\u306a\u304f\u3001\u6295\u8cc7\u5bb6\u304c\u6761\u4ef6\u3092\u541f\u5473\u3057\u3066\u3044\u308b<\/strong>\u3068\u6349\u3048\u308b\u306e\u304c\u6b63\u78ba\u3067\u3057\u3087\u3046\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"financial-improvement\">\u8ca1\u52d9\u72b6\u6cc1\u306e\u6539\u5584\u8981\u56e0\u306b\u3064\u3044\u3066<\/h3>\n\n\n\n<p>\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u30b0\u30eb\u30fc\u30d7\u306e\u8ca1\u52d9\u72b6\u6cc1\u306b\u306f\u5927\u5e45\u306a\u6539\u5584\u304c\u898b\u3089\u308c\u30012025\u5e744-12\u6708\u671f\u306e\u7d14\u5229\u76ca\u306f<strong><span class=\"swl-marker mark_yellow\">\u524d\u5e74\u540c\u671f\u6bd45\u500d\u306e3\u51461,726\u5104\u5186<\/span><\/strong>\u3068\u540c\u671f\u9593\u3068\u3057\u3066\u904e\u53bb\u6700\u9ad8\u3092\u8a18\u9332\u3057\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<p><span class=\"swl-fz u-fz-xs\">\u203b\u6c7a\u7b97\u306e\u8a73\u7d30\u306f<a href=\"https:\/\/group.softbank\/event\/earnings_2025q3\" target=\"_blank\" rel=\"noreferrer noopener\">\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u30b0\u30eb\u30fc\u30d7\u300c2026\u5e743\u6708\u671f \u7b2c3\u56db\u534a\u671f \u6c7a\u7b97\u300d<\/a>\u3067\u516c\u958b\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/span><\/p>\n\n\n\n<p>OpenAI\u95a2\u9023\u3067\u7d042.8\u5146\u5186\u306e\u6295\u8cc7\u5229\u76ca\u3092\u8a08\u4e0a\u3057\u3001\u30a2\u30fc\u30e0\u793e\u306e\u30ca\u30b9\u30c0\u30c3\u30af\u4e0a\u5834\u6210\u529f\u306b\u3088\u308b\u53ce\u76ca\u57fa\u76e4\u306e\u5f37\u5316\u3082\u9032\u3093\u3067\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u4e00\u65b9\u3067\u3001S&amp;P\u304c\u683c\u4ed8\u3051\u898b\u901a\u3057\u3092\u300c\u30cd\u30ac\u30c6\u30a3\u30d6\u300d\u306b\u5f15\u304d\u4e0b\u3052\u305f\u901a\u308a\u3001<strong><span class=\"swl-inline-color has-swl-deep-01-color\">\u597d\u696d\u7e3e\u306fOpenAI\u7b49\u306e\u8a55\u4fa1\u76ca\u306b\u5927\u304d\u304f\u4f9d\u5b58\u3057\u3066\u304a\u308a\u3001\u6295\u8cc7\u74b0\u5883\u304c\u60aa\u5316\u3059\u308c\u3070\u4e00\u8ee2\u3057\u3066\u5de8\u984d\u640d\u5931\u306b\u8ee2\u3058\u308b\u30ea\u30b9\u30af<\/span><\/strong>\u3082\u5185\u5305\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u306f\u3001\u6295\u8cc7\u4f1a\u793e\u306e\u6027\u8cea\u4e0a\u3001\u5e02\u5834\u74b0\u5883\u306e\u597d\u8ee2\u3067\u4e00\u6c17\u306b\u696d\u7e3e\u304c\u6539\u5584\u3059\u308b\u671f\u5f85\u3092\u79d8\u3081\u308b\u53cd\u9762\u3001\u305d\u306e\u9006\u3082\u307e\u305f\u7136\u308a\u3067\u3059\u3002<\/p>\n\n\n\n<div class=\"wp-block-group has-swl-main-thin-background-color has-background\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<p><strong>\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u306e\u30e1\u30ea\u30c3\u30c8\u306b\u9b45\u529b\u3092\u611f\u3058\u305f\u65b9\u3078<\/strong><br>\u793e\u50b5\u306e\u5229\u56de\u308a\uff08\u5e743\u301c5%\uff09\u306b\u6e80\u8db3\u3067\u304d\u308b\u306a\u3089\u5341\u5206\u9078\u629e\u80a2\u306b\u306a\u308a\u307e\u3059\u304c\u3001<strong>\u540c\u3058\u5143\u672c\u3067\u3055\u3089\u306b\u52b9\u7387\u3088\u304f\u5897\u3084\u3057\u305f\u3044<\/strong>\u306a\u3089\u3001\u5e74\u522912%\u56fa\u5b9a\u306e<a href=\"#haikua\"><strong>\u30cf\u30a4\u30af\u30a2\u30a4\u30f3\u30bf\u30fc\u30ca\u30b7\u30e7\u30ca\u30eb<\/strong><\/a>\u3084\u5e74\u522917.35%\u5b9f\u7e3e\u306e<a href=\"#action\"><strong>\u30a2\u30af\u30b7\u30e7\u30f3<\/strong><\/a>\u3082\u6bd4\u8f03\u691c\u8a0e\u3057\u3066\u307f\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n<\/div><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"softbank-bond-merits\">\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u6295\u8cc7\u306e\u30e1\u30ea\u30c3\u30c8\u3068\u306f\uff1f<\/h2>\n\n\n\n<p>\u30ea\u30b9\u30af\u3070\u304b\u308a\u304c\u6ce8\u76ee\u3055\u308c\u304c\u3061\u306a\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u3067\u3059\u304c\u3001\u6295\u8cc7\u30e1\u30ea\u30c3\u30c8\u3082\u6570\u591a\u304f\u5b58\u5728\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u5b9f\u969b\u3001\u6295\u8cc7\u5bb6\u305f\u3061\u306e\u53e3\u30b3\u30df\u304b\u3089\u3001\u300c\u9810\u91d1\u3088\u308a\u52b9\u7387\u3088\u304f\u5897\u3084\u305b\u308b\u300d\u3068\u591a\u304f\u306e\u500b\u4eba\u6295\u8cc7\u5bb6\u304c\u8cfc\u5165\u3092\u5e0c\u671b\u3057\u3066\u3044\u308b\u7406\u7531\u3092\u898b\u3066\u3044\u304d\u307e\u3057\u3087\u3046\u3002<\/p>\n\n\n\n<div class=\"swell-block-capbox cap_box is-style-small_ttl\"><div class=\"cap_box_ttl\"><span>\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u306e5\u3064\u306e\u30e1\u30ea\u30c3\u30c8<\/span><\/div><div class=\"cap_box_content\">\n<ul class=\"wp-block-list -list-under-dashed\">\n<li><a href=\"#merit-1\">\u5143\u672c\u306f\u57fa\u672c\u7684\u306b\u5909\u52d5\u3057\u306a\u3044<\/a><\/li>\n\n\n\n<li><a href=\"#merit-2\">\u9ad8\u6c34\u6e96\u306a\u5229\u56de\u308a\u3067\u5b89\u5b9a\u53ce\u76ca\u304c\u671f\u5f85\u3067\u304d\u308b<\/a><\/li>\n\n\n\n<li><a href=\"#merit-3\">\u5c11\u984d\u6295\u8cc7\u304c\u53ef\u80fd\u3067\u8cfc\u5165\u74b0\u5883\u3082\u5145\u5b9f<\/a><\/li>\n\n\n\n<li><a href=\"#merit-4\">\u5c06\u6765\u306e\u30ea\u30bf\u30fc\u30f3\u304c\u4e88\u6e2c\u3057\u3084\u3059\u3044<\/a><\/li>\n\n\n\n<li><a href=\"#merit-5\">\u767a\u884c\u4f01\u696d\u306e\u4e8b\u696d\u57fa\u76e4\u304c\u5b89\u5b9a\u3057\u3066\u3044\u308b<\/a><\/li>\n<\/ul>\n<\/div><\/div>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"merit-1\">\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u306e\u30e1\u30ea\u30c3\u30c8\u2460\u5143\u672c\u306f\u57fa\u672c\u7684\u306b\u5909\u52d5\u3057\u306a\u3044<\/h3>\n\n\n\n<p>\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u306f\u3001\u767a\u884c\u4f53\u304c\u5012\u7523\u3057\u306a\u3044\u9650\u308a\u6e80\u671f\u6642\u306b\u5143\u672c\u304c\u5168\u984d\u623b\u3063\u3066\u304f\u308b\u305f\u3081\u3001\u682a\u5f0f\u306e\u3088\u3046\u306b\u65e5\u3005\u306e\u5024\u52d5\u304d\u3092\u6c17\u306b\u3059\u308b\u5fc5\u8981\u304c\u306a\u304f\u7cbe\u795e\u7684\u306a\u8ca0\u62c5\u304c\u5c11\u306a\u3044\u6295\u8cc7\u65b9\u6cd5\u3067\u3059\u3002<\/p>\n\n\n\n<p>\u6e80\u671f\u307e\u3067\u4fdd\u6709\u3059\u308c\u3070\u7740\u5b9f\u306b\u8cc7\u91d1\u304c\u8fd4\u308b\u6027\u8cea\u304b\u3089\u3001\u9577\u671f\u7684\u306a\u8cc7\u7523\u904b\u7528\u8a08\u753b\u3082\u975e\u5e38\u306b\u7acb\u3066\u3084\u3059\u3044\u3068\u3044\u3048\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u6e80\u671f\u307e\u3067\u4fdd\u6709\u3059\u308c\u3070\u5143\u672c\u304c\u623b\u3063\u3066\u304f\u308b\u70b9\u306f\u3001\u793e\u50b5\u306e\u5927\u304d\u306a\u5b89\u5fc3\u6750\u6599\u3067\u3059\u3002\u3057\u304b\u3057\u30012026\u5e74\u73fe\u5728\u306e\u7269\u4fa1\u4e0a\u6607\u5c40\u9762\u3067\u306f\u3001\u5143\u672c\u306f\u5b88\u308c\u3066\u3082<strong><span class=\"swl-inline-color has-swl-deep-01-color\">\u304a\u91d1\u306e\u5b9f\u8cea\u7684\u306a\u4fa1\u5024\u304c\u76ee\u6e1b\u308a\u3057\u3066\u3057\u307e\u3046\u30ea\u30b9\u30af<\/span><\/strong><strong><span class=\"swl-inline-color has-swl-deep-01-color\">\u306b\u3082\u6ce8\u610f<\/span><\/strong>\u304c\u6b20\u304b\u305b\u307e\u305b\u3093\u3002<\/p>\n\n\n\n<p>\u3082\u3057\u5b89\u5168\u6027\u3092\u5927\u5207\u306b\u3057\u306a\u304c\u3089\u3082\u3001\u6570\u5e74\u9593\u306e\u8cc7\u91d1\u30ed\u30c3\u30af\u306e\u4e0d\u81ea\u7531\u3055\u3092\u89e3\u6d88\u3057\u3001<strong><span class=\"swl-marker mark_yellow\">\u3055\u3089\u306b\u5727\u5012\u7684\u306a\u30ea\u30bf\u30fc\u30f3\u3092\u8ffd\u6c42\u3057\u305f\u3044<\/span><\/strong>\u306a\u3089\u3001\u30d7\u30ed\u304c\u5e02\u5834\u74b0\u5883\u306b\u5408\u308f\u305b\u3066\u53ce\u76ca\u3092\u7a4d\u307f\u4e0a\u3052\u308b\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u304c\u975e\u5e38\u306b\u6709\u52b9\u3067\u3059\u3002<\/p>\n\n\n\n<p><strong><a href=\"#hedge-fund\">&gt;&gt;\u30d7\u30ed\u306b\u904b\u7528\u3092\u4e38\u6295\u3052\u3057\u3066\u5229\u56de\u308a12%\u4ee5\u4e0a\u3092\u72d9\u3046\u65b9\u6cd5<\/a><\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"merit-2\">\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u306e\u30e1\u30ea\u30c3\u30c8\u2461\u9ad8\u6c34\u6e96\u306a\u5229\u56de\u308a\u3067\u5b89\u5b9a\u53ce\u76ca\u304c\u671f\u5f85\u3067\u304d\u308b<\/h3>\n\n\n\n<p>\u9280\u884c\u9810\u91d1\u3092\u5927\u304d\u304f\u4e0a\u56de\u308b<strong><span class=\"swl-marker mark_yellow\">\u5e74\u52291.38%\uff5e4.75%\u306e\u9ad8\u3044\u5229\u56de\u308a<\/span><\/strong>\u306b\u52a0\u3048\u3001\u534a\u5e74\u3054\u3068\u306b\u6c7a\u307e\u3063\u305f\u5229\u606f\u53ce\u5165\u304c\u5f97\u3089\u308c\u308b\u70b9\u306f\u5927\u304d\u306a\u30e1\u30ea\u30c3\u30c8\u3068\u3044\u3048\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u5e02\u5834\u74b0\u5883\u304c\u3069\u3046\u5909\u5316\u3057\u3066\u3082\u7d04\u675f\u3055\u308c\u305f\u91d1\u5229\u304c\u652f\u6255\u308f\u308c\u308b\u305f\u3081\u3001\u5b9a\u671f\u7684\u306a\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u3092\u8a08\u7b97\u3067\u304d\u308b\u306e\u304c\u5f37\u307f\u3067\u3059\u3002<\/p>\n\n\n\n<p>\u7279\u306b\u5e74\u91d1\u751f\u6d3b\u306e\u65b9\u3084\u3001\u7d66\u4e0e\u4ee5\u5916\u306e\u5b89\u5b9a\u3057\u305f\u526f\u53ce\u5165\u6e90\u3092\u4f5c\u308a\u305f\u3044\u65b9\u306b\u3068\u3063\u3066\u3001\u300c\u78ba\u5b9a\u5229\u56de\u308a\u300d\u306f\u975e\u5e38\u306b\u9b45\u529b\u7684\u306a\u9078\u629e\u80a2\u3068\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u4e00\u822c\u7684\u306a\u793e\u50b5\u3068\u6bd4\u3079\u3066\u3082\u5229\u7387\u304c\u9ad8\u304f\u8a2d\u5b9a\u3055\u308c\u3066\u304a\u308a\u3001\u5c11\u3057\u306e\u30ea\u30b9\u30af\u3067\u5927\u304d\u306a\u30ea\u30bf\u30fc\u30f3\u3092\u72d9\u3048\u3066\u52b9\u7387\u304c\u826f\u3044\u3067\u3059\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table has-small-font-size\"><table class=\"has-fixed-layout\"><thead><tr><th>\u904b\u7528\u5546\u54c1<\/th><th>\u671f\u5f85\u5229\u56de\u308a<\/th><\/tr><\/thead><tbody><tr><th>\u9280\u884c\u9810\u91d1<\/th><td>0.2%\u7a0b\u5ea6<\/td><\/tr><tr><th>\u56fd\u50b5(10\u5e74)<\/th><td>0.8%\u7a0b\u5ea6<\/td><\/tr><tr><th>\u4e00\u822c\u7684\u306a\u793e\u50b5<\/th><td>0.3%\uff5e3.15%<\/td><\/tr><tr><th>\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5<\/th><td><strong>1.38%\uff5e4.75%<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><a href=\"#hedge-fund\">&gt;&gt;\u3055\u3089\u306b\u9ad8\u3044\u5229\u56de\u308a\u3092\u72d9\u3048\u308b\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u306f\u3053\u3061\u3089<\/a><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"merit-3\">\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u306e\u30e1\u30ea\u30c3\u30c8\u2462\u5c11\u984d\u6295\u8cc7\u304c\u53ef\u80fd\u3067\u8cfc\u5165\u74b0\u5883\u3082\u5145\u5b9f<\/h3>\n\n\n\n<p>\u6a5f\u95a2\u6295\u8cc7\u5bb6\u5411\u3051\u306e1\u5104\u5186\u3068\u306f\u7570\u306a\u308a\u3001\u500b\u4eba\u3067\u3082100\u4e07\u5186\u304b\u3089\u306e\u6bd4\u8f03\u7684\u624b\u9803\u306a\u91d1\u984d\u3067\u53c2\u52a0\u3067\u304d\u308b\u70b9\u306f\u5927\u304d\u306a\u30e1\u30ea\u30c3\u30c8\u3068\u3044\u3048\u307e\u3059\u3002<\/p>\n\n\n\n<p>SBI\u8a3c\u5238\u3084\u91ce\u6751\u8b49\u5238\u306a\u3069\u591a\u304f\u306e\u4e3b\u8981\u8a3c\u5238\u4f1a\u793e\u3067\u53d6\u308a\u6271\u308f\u308c\u3066\u3044\u308b\u305f\u3081\u3001<strong><span class=\"swl-marker mark_yellow\">\u666e\u6bb5\u4f7f\u3063\u3066\u3044\u308b\u53e3\u5ea7\u304b\u3089\u7533\u3057\u8fbc\u307f\u304c\u53ef\u80fd<\/span><\/strong>\u3067\u3042\u308b\u5229\u4fbf\u6027\u306e\u9ad8\u3055\u3082\u7279\u5fb4\u3067\u3059\u3002<\/p>\n\n\n\n<p>\u9000\u8077\u91d1\u306e\u4e00\u90e8\u3084\u307e\u3068\u307e\u3063\u305f\u8caf\u84c4\u3092\u904b\u7528\u306b\u56de\u3057\u305f\u3044\u5834\u5408\u3001\u7279\u5225\u306a\u624b\u7d9a\u304d\u306a\u3057\u3067\u30b9\u30e0\u30fc\u30ba\u306b\u6295\u8cc7\u3092\u59cb\u3081\u3089\u308c\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u51c4\u307e\u3058\u3044\u58f2\u308c\u884c\u304d\u3067\u65e9\u671f\u5b8c\u58f2\u3057\u3084\u3059\u3044\u50be\u5411\u306f\u3042\u308a\u307e\u3059\u304c\u3001\u500b\u4eba\u6295\u8cc7\u5bb6\u306b\u5bfe\u3057\u3066\u5e83\u304f\u9580\u6238\u304c\u958b\u304b\u308c\u3066\u3044\u308b\u70b9\u306f\u5927\u304d\u306a\u30e1\u30ea\u30c3\u30c8\u3067\u3057\u3087\u3046\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"merit-4\">\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u306e\u30e1\u30ea\u30c3\u30c8\u2463\u5c06\u6765\u306e\u30ea\u30bf\u30fc\u30f3\u304c\u4e88\u6e2c\u3057\u3084\u3059\u3044<\/h3>\n\n\n\n<p>\u56fa\u5b9a\u91d1\u5229\u306e\u793e\u50b5\u306f\u3001\u6e80\u671f\u307e\u3067\u306b\u53d7\u3051\u53d6\u308b\u5229\u606f\u306e\u7dcf\u984d\u3092\u3042\u3089\u304b\u3058\u3081\u628a\u63e1\u3067\u304d\u308b\u70b9\u304c\u5927\u304d\u306a\u7279\u5fb4\u3067\u3059\u3002<\/p>\n\n\n\n<p>\u4f8b\u3048\u3070100\u4e07\u5186\u3092\u5e74\u52293%\u30677\u5e74\u9593\u904b\u7528\u3059\u308c\u3070\u3001<strong><span class=\"swl-marker mark_yellow\">\u7a0e\u5f15\u524d\u306721\u4e07\u5186\u306e\u5229\u606f\u53ce\u5165<\/span><\/strong>\u304c\u78ba\u5b9a\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u5c06\u6765\u306e\u8cc7\u91d1\u8a08\u753b\u304c\u7acb\u3066\u3084\u3059\u304f\u3001\u8001\u5f8c\u8cc7\u91d1\u306e\u6e96\u5099\u306a\u3069\u306b\u3082\u6d3b\u7528\u3067\u304d\u308b\u3067\u3057\u3087\u3046\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"merit-5\">\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u306e\u30e1\u30ea\u30c3\u30c8\u2464\u767a\u884c\u4f01\u696d\u306e\u4e8b\u696d\u57fa\u76e4\u304c\u5b89\u5b9a\u3057\u3066\u3044\u308b<\/h3>\n\n\n\n<p>\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u30b0\u30eb\u30fc\u30d7\u306f\u6642\u4fa1\u7dcf\u984d10\u5146\u5186\u3092\u8d85\u3048\u3001\u30a2\u30fc\u30e0\u793e\u306a\u3069<strong><span class=\"swl-marker mark_yellow\">\u53ce\u76ca\u57fa\u76e4\u3068\u306a\u308b\u512a\u826f\u5b50\u4f1a\u793e\u3092\u591a\u6570\u4fdd\u6709<\/span><\/strong>\u3059\u308b\u5de8\u5927\u4f01\u696d\u3067\u3059\u3002<\/p>\n\n\n\n<p>\u300c\u5927\u304d\u3059\u304e\u3066\u3064\u3076\u305b\u306a\u3044\u300d\u898b\u65b9\u304b\u3089\u653f\u5e9c\u3084\u91d1\u878d\u6a5f\u95a2\u306e\u652f\u63f4\u3082\u671f\u5f85\u3055\u308c\u3066\u304a\u308a\u3001\u6295\u8cc7\u640d\u5931\u306f\u3042\u3063\u3066\u3082\u30b0\u30eb\u30fc\u30d7\u5168\u4f53\u306e\u5b58\u7d9a\u529b\u306f\u9ad8\u3044\u3068\u8a55\u4fa1\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u5de8\u5927\u306a\u8cc7\u7523\u80cc\u666f\u304c\u3042\u308b\u304b\u3089\u3053\u305d\u3001\u300c\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u306a\u3089\u5927\u4e08\u592b\u300d\u3067\u3042\u308b\u4fe1\u983c\u611f\u306f\u4ed6\u793e\u50b5\u306b\u306f\u306a\u3044\u5927\u304d\u306a\u5f37\u307f\u3067\u3059\u3002<\/p>\n\n\n\n<p>\u3053\u3046\u3057\u305f\u5f37\u56fa\u306a\u4e8b\u696d\u57fa\u76e4\u304c\u3001\u591a\u304f\u306e\u500b\u4eba\u6295\u8cc7\u5bb6\u3092\u60f9\u304d\u3064\u3051\u308b\u5b89\u5fc3\u6750\u6599\u3068\u3044\u3048\u308b\u3067\u3057\u3087\u3046\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"how-to-buy\">\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u3092\u8cfc\u5165\u3059\u308b\u65b9\u6cd5<\/h2>\n\n\n\n<p>\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u3092\u8cfc\u5165\u3059\u308b\u306b\u306f\u3001\u307e\u305a\u53d6\u308a\u6271\u3044\u306e\u3042\u308b\u8a3c\u5238\u4f1a\u793e\u3067\u53e3\u5ea7\u3092\u958b\u8a2d\u3059\u308b\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u306a\u304a\u3001\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u306e\u53d6\u308a\u6271\u3044\u304c\u3042\u308b\u4e3b\u306a\u8a3c\u5238\u4f1a\u793e\u306f\u3001\u4ee5\u4e0b\u306e\u3068\u304a\u308a\u3067\u3059\u3002<\/p>\n\n\n\n<div class=\"swell-block-capbox cap_box is-style-small_ttl\"><div class=\"cap_box_ttl\"><span>\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u306e\u53d6\u6271\u304c\u3042\u308b\u8a3c\u5238\u4f1a\u793e<\/span><\/div><div class=\"cap_box_content\">\n<ul class=\"wp-block-list -list-under-dashed\">\n<li>SBI\u8a3c\u5238<\/li>\n\n\n\n<li>\u30de\u30cd\u30c3\u30af\u30b9\u8a3c\u5238<\/li>\n\n\n\n<li>\u5927\u548c\u8a3c\u5238<\/li>\n\n\n\n<li>\u91ce\u6751\u8a3c\u5238<\/li>\n\n\n\n<li>\u4e09\u83f1UFJ\u30e2\u30eb\u30ac\u30f3\u30fb\u30b9\u30bf\u30f3\u30ec\u30fc\u8a3c\u5238<\/li>\n\n\n\n<li>\u307f\u305a\u307b\u8a3c\u5238<\/li>\n\n\n\n<li>\u6771\u6d77\u6771\u4eac\u8a3c\u5238 \u7b49<\/li>\n<\/ul>\n<\/div><\/div>\n\n\n\n<p class=\"has-swl-main-thin-background-color has-background\"><strong>\u30102026\u5e744\u6708\u6700\u65b0\u3011<\/strong>\u7b2c8\u56de\u30cf\u30a4\u30d6\u30ea\u30c3\u30c9\u793e\u50b5\u306f<strong>2026\u5e744\u670813\u65e5\uff08\u6708\uff0911:00\u301c4\u670821\u65e5\uff08\u706b\uff0914:00<\/strong>\u306b\u5148\u7740\u9806\u3067\u8ca9\u58f2\u4e2d\u3067\u3059\u3002\u78ba\u5b9a\u5229\u7387\u306f<strong>\u5e744.970%\uff08\u7a0e\u5f15\u524d\uff09<\/strong>\u3067\u3059\u3002\u5b8c\u58f2\u6b21\u7b2c\u7d42\u4e86\u306e\u305f\u3081\u3001\u304a\u65e9\u3081\u306b\u304a\u7533\u3057\u8fbc\u307f\u304f\u3060\u3055\u3044\u3002<\/p>\n\n\n\n<p>\u65b0\u898f\u767a\u884c\u306e\u60c5\u5831\u306b\u3064\u3044\u3066\u306f\u3001\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u30b0\u30eb\u30fc\u30d7\u306e\u516c\u5f0f\u30b5\u30a4\u30c8\u3084\u5404\u8a3c\u5238\u4f1a\u793e\u306e\u30db\u30fc\u30e0\u30da\u30fc\u30b8\u3067\u306e\u78ba\u8a8d\u304c\u4fbf\u5229\u3067\u3059\u3002<\/p>\n\n\n\n<p>\u7533\u3057\u8fbc\u307f\u306b\u3064\u3044\u3066\u3082\u3001<strong><span class=\"swl-marker mark_yellow\">\u8a3c\u5238\u4f1a\u793e\u306e\u5e97\u982d\u7a93\u53e3\u3084\u96fb\u8a71\u3001\u3042\u308b\u3044\u306f\u624b\u8efd\u306a\u30aa\u30f3\u30e9\u30a4\u30f3\u624b\u7d9a\u304d<\/span><\/strong>\u306a\u3069\u3001\u3054\u81ea\u8eab\u306e\u30b9\u30bf\u30a4\u30eb\u306b\u5408\u308f\u305b\u3066\u9078\u3079\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u4e8b\u524d\u306b\u8a3c\u5238\u53e3\u5ea7\u3078\u306e\u5165\u91d1\u3092\u6e08\u307e\u305b\u3001\u52df\u96c6\u8981\u9805\u3092\u3088\u304f\u78ba\u8a8d\u3057\u3066\u304b\u3089\u7533\u3057\u8fbc\u307f\u307e\u3057\u3087\u3046\u3002<\/p>\n\n\n\n<p>\u305f\u3060\u3001<strong><span class=\"swl-inline-color has-swl-deep-01-color\">\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u306f\u4eba\u6c17\u5546\u54c1\u306e\u305f\u3081\u3001\u52df\u96c6\u958b\u59cb\u304b\u3089\u6570\u6642\u9593\u3067\u306e\u5b8c\u58f2\u3082\u73cd\u3057\u304f\u3042\u308a\u307e\u305b\u3093<\/span><\/strong>\u3002<\/p>\n\n\n\n<p>\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u306e\u65b0\u898f\u767a\u884c\u306f\u4e0d\u5b9a\u671f\u306a\u306e\u3067\u3001\u8cfc\u5165\u3092\u691c\u8a0e\u3057\u3066\u3044\u308b\u65b9\u306f\u65e5\u9803\u304b\u3089\u60c5\u5831\u53ce\u96c6\u3092\u5fc3\u304c\u3051\u307e\u3057\u3087\u3046\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"expert-opinion\">\u5c02\u9580\u5bb6\u306e\u898b\u89e3\u3068\u4eca\u5f8c\u306e\u4e88\u6e2c<\/h2>\n\n\n\n<p>\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u306b\u3064\u3044\u3066\u3001\u5e02\u5834\u95a2\u4fc2\u8005\u306f\u3069\u306e\u3088\u3046\u306a\u898b\u65b9\u3092\u3057\u3066\u3044\u308b\u306e\u3067\u3057\u3087\u3046\u304b\u3002<\/p>\n\n\n\n<p>\u5c02\u9580\u5bb6\u306e\u610f\u898b\u3084\u4eca\u5f8c\u306e\u5c55\u671b\u3092\u307e\u3068\u3081\u3066\u307f\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<div class=\"swell-block-capbox cap_box is-style-small_ttl\"><div class=\"cap_box_ttl\"><span>\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u306e\u5c02\u9580\u5bb6\u306e\u898b\u89e3\u3068\u4e88\u6e2c<\/span><\/div><div class=\"cap_box_content\">\n<ul class=\"wp-block-list -list-under-dashed\">\n<li><a href=\"#prediction-1\">\u6295\u8cc7\u5bb6\u3068\u767a\u884c\u4f53\u306e\u300cwin-win\u300d\u306e\u95a2\u4fc2\u6027<\/a><\/li>\n\n\n\n<li><a href=\"#prediction-2\">\u6295\u8cc7\u5224\u65ad\u306b\u304a\u3051\u308b\u91cd\u8981\u306a\u30dd\u30a4\u30f3\u30c8<\/a><\/li>\n\n\n\n<li><a href=\"#prediction-3\">\u672c\u5f53\u306b\u5927\u304d\u3059\u304e\u3066\u3064\u3076\u305b\u306a\u3044\u4f01\u696d\uff1f<\/a><\/li>\n<\/ul>\n<\/div><\/div>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"prediction-1\">\u6295\u8cc7\u5bb6\u3068\u767a\u884c\u4f53\u306e\u300cwin-win\u300d\u306e\u95a2\u4fc2\u6027<\/h3>\n\n\n\n<p>\u8a3c\u5238\u30a2\u30ca\u30ea\u30b9\u30c8\u306e\u591a\u304f\u306f\u3001\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u306f<strong><span class=\"swl-marker mark_yellow\">\u9ad8\u5229\u56de\u308a\u3092\u6c42\u3081\u308b\u6295\u8cc7\u5bb6\u3068\u30ea\u30b9\u30af\u8cc7\u672c\u3092\u5fc5\u8981\u3068\u3059\u308b\u767a\u884c\u4f53\u306e\u5229\u5bb3\u304c\u4e00\u81f4\u3057\u3066\u3044\u308b<\/span><\/strong>\u3068\u8ff0\u3079\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u30b0\u30eb\u30fc\u30d7\u306f\u52a3\u5f8c\u50b5\u3067\u81ea\u5df1\u8cc7\u672c\u6bd4\u7387\u3092\u6539\u5584\u3067\u304d\u3001\u6295\u8cc7\u5bb6\u306f\u9ad8\u3044\u5229\u56de\u308a\u3092\u4eab\u53d7\u3067\u304d\u307e\u3059\u3002<\/p>\n\n\n\n<p>win-win\u306a\u95a2\u4fc2\u304c\u7d9a\u304f\u9650\u308a\u3001<strong>\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u306e\u767a\u884c\u306f\u7d99\u7d9a\u3055\u308c\u308b\u3060\u308d\u3046\u3068\u306e\u898b\u65b9\u304c\u5927\u534a<\/strong>\u3067\u3059\u3002<\/p>\n\n\n\n<p>\u305f\u3060\u3057\u3001<strong><span class=\"swl-inline-color has-swl-deep-01-color\">\u5e02\u5834\u74b0\u5883\u306e\u6025\u5909\u3084\u4fe1\u7528\u4e0d\u5b89\u304c\u8d77\u304d\u308c\u3070\u3001\u5747\u8861\u306f\u5d29\u308c\u308b\u6050\u308c\u3082\u3042\u308a\u307e\u3059<\/span><\/strong>\u3002<\/p>\n\n\n\n<p>\u5e02\u5834\u6025\u5909\u6642\u306b\u8cc7\u7523\u3092\u5b88\u308a\u3001\u3055\u3089\u306b\u9ad8\u3044\u30ea\u30bf\u30fc\u30f3\u3092\u76ee\u6307\u3059\u306a\u3089\u3001\u30d7\u30ed\u304c\u4e0b\u843d\u5c40\u9762\u3055\u3048\u3082\u5229\u76ca\u306b\u5909\u3048\u308b<a href=\"#hedge-fund\"><strong>\u5229\u56de\u308a12%\u4ee5\u4e0a\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9<\/strong><\/a>\u304c\u3001<strong>\u793e\u50b5\u306e\u4e0d\u5b89\u3092\u89e3\u6d88\u3059\u308b\u7406\u60f3\u7684\u306a\u88dc\u5b8c\u7b56<\/strong>\u3068\u306a\u308b\u3067\u3057\u3087\u3046 \u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"prediction-2\">\u6295\u8cc7\u5224\u65ad\u306b\u304a\u3051\u308b\u91cd\u8981\u306a\u30dd\u30a4\u30f3\u30c8<\/h3>\n\n\n\n<p>\u91d1\u878d\u306e\u5c02\u9580\u5bb6\u306f\u3001\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u3078\u306e\u6295\u8cc7\u5224\u65ad\u3067\u91cd\u8996\u3059\u3079\u304d\u70b9\u3092\u4ee5\u4e0b\u306e\u3088\u3046\u306b\u6319\u3052\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<div class=\"swell-block-capbox cap_box is-style-small_ttl\"><div class=\"cap_box_ttl\"><span>\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u306e\u6ce8\u610f\u70b9<\/span><\/div><div class=\"cap_box_content\">\n<ul class=\"wp-block-list -list-under-dashed\">\n<li>\u6295\u8cc7\u5148\u4f01\u696d\u306e\u696d\u7e3e\u52d5\u5411<br>(\u7279\u306b\u30a2\u30fc\u30e0\u793e\u306e\u6210\u9577\u6027)<\/li>\n\n\n\n<li>\u81ea\u5df1\u8cc7\u672c\u6bd4\u7387\u306e\u63a8\u79fb\u3068\u8ca1\u52d9\u5065\u5168\u6027<\/li>\n\n\n\n<li>\u65b0\u898f\u793e\u50b5\u767a\u884c\u306e\u983b\u5ea6\u3068\u898f\u6a21<\/li>\n\n\n\n<li>\u683c\u4ed8\u3051\u6a5f\u95a2\u306e\u8a55\u4fa1\u5909\u66f4<\/li>\n<\/ul>\n<\/div><\/div>\n\n\n\n<p><strong><span class=\"swl-marker mark_yellow\">\u6307\u6a19\u3092\u5b9a\u671f\u7684\u306b\u30c1\u30a7\u30c3\u30af\u3057\u3001\u30ea\u30b9\u30af\u306e\u5909\u5316\u3092\u898b\u9003\u3055\u306a\u3044<\/span><\/strong>\u306e\u304c\u91cd\u8981\u3067\u3059\u3002<\/p>\n\n\n\n<p>\u5206\u6563\u6295\u8cc7\u306e\u4e00\u74b0\u3068\u3057\u3066\u7d44\u307f\u5165\u308c\u308b\u306a\u3089\u3001\u5168\u4f53\u306e10%\u7a0b\u5ea6\u306b\u6291\u3048\u308b\u3079\u304d\u3068\u306e\u610f\u898b\u3082\u591a\u304f\u805e\u304b\u308c\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"prediction-3\">\u672c\u5f53\u306b\u5927\u304d\u3059\u304e\u3066\u3064\u3076\u305b\u306a\u3044\u4f01\u696d\uff1f<\/h3>\n\n\n\n<p>\u6295\u8cc7\u696d\u754c\u3067\u8a00\u308f\u308c\u3066\u3044\u308b\u300cToo Big To Fail\uff08\u5927\u304d\u3059\u304e\u3066\u3064\u3076\u305b\u306a\u3044\uff09\u300d\u3068\u306e\u8003\u3048\u306b\u306f\u3001\u8cdb\u5426\u4e21\u8ad6\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u78ba\u304b\u306b\u6642\u4fa1\u7dcf\u984d10\u5146\u5186\u898f\u6a21\u306e\u4f01\u696d\u304c\u7834\u7dbb\u3059\u308c\u3070\u3001<strong><span class=\"swl-marker mark_yellow\">\u65e5\u672c\u7d4c\u6e08\u3078\u306e\u5f71\u97ff\u306f\u8a08\u308a\u77e5\u308c\u307e\u305b\u3093<\/span><\/strong>\u3002<\/p>\n\n\n\n<p>\u3057\u304b\u3057\u904e\u53bb\u306b\u306f\u3001<strong><span class=\"swl-inline-color has-swl-deep-01-color\">\u8ab0\u3082\u304c\u5b89\u5168\u3068\u4fe1\u3058\u3066\u3044\u305f\u5927\u4f01\u696d\u304c\u7834\u7dbb\u3057\u305f\u4f8b\u3082\u3042\u308b\u306e\u3067\u3001\u7d76\u5bfe\u7684\u306a\u5b89\u5168\u306f\u306a\u3044\u3068\u306e\u8a8d\u8b58\u3082\u5fc5\u8981<\/span><\/strong>\u3067\u3057\u3087\u3046\u3002<\/p>\n\n\n\n<p>\u6700\u7d42\u7684\u306b\u306f\u3001\u5404\u6295\u8cc7\u5bb6\u304c\u81ea\u8eab\u306e\u30ea\u30b9\u30af\u8a31\u5bb9\u5ea6\u3068\u7167\u3089\u3057\u5408\u308f\u305b\u3066\u3001\u300c\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u3092\u4eca\u8cb7\u3046\u3079\u304d\u304b\u300d\u3092\u5224\u65ad\u3059\u308b\u59ff\u52e2\u304c\u6c42\u3081\u3089\u308c\u307e\u3059\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"hedge-fund\">\u793e\u50b5\u304c\u4e0d\u5b89\u306a\u3089\u9ad8\u5229\u56de\u308a\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9<\/h2>\n\n\n\n<p>\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u306f\u9280\u884c\u9810\u91d1\u3088\u308a\u9ad8\u3044\u5229\u56de\u308a\u304c\u9b45\u529b\u7684\u306a\u4e00\u65b9\u3067\u3001\u52a3\u5f8c\u50b5\u7279\u6709\u306e\u30ea\u30b9\u30af\u3084\u8ca1\u52d9\u306e\u4e0d\u5b89\u5b9a\u3055\u3092\u8003\u3048\u308b\u3068\u3001<strong><span class=\"swl-inline-color has-swl-deep-01-color\">\u5168\u8cc7\u7523\u3092\u96c6\u4e2d\u3055\u305b\u308b\u306e\u306f\u5371\u967a<\/span><\/strong>\u3002<\/p>\n\n\n\n<p>\u7279\u306b500\u4e07\u5186\u4ee5\u4e0a\u306e\u4f59\u5270\u8cc7\u91d1\u304c\u3042\u308b\u306a\u3089\u3001\u30ea\u30b9\u30af\u3092\u5206\u6563\u3057\u3064\u3064\u52b9\u7387\u3088\u304f\u5897\u3084\u305b\u308b\u300c\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u300d\u3092\u691c\u8a0e\u3059\u3079\u304d\u3067\u3059\u3002<\/p>\n\n\n\n<p>\u30d7\u30ed\u304c\u5e02\u5834\u74b0\u5883\u306b\u5de6\u53f3\u3055\u308c\u306b\u304f\u3044\u6226\u7565\u3067\u904b\u7528\u3059\u308b\u305f\u3081\u3001<strong><span class=\"swl-marker mark_yellow\">\u793e\u50b5\u3067\u306f\u5c4a\u304b\u306a\u3044\u5e74\u522910\u301c20%\u898f\u6a21\u306e\u9ad8\u30ea\u30bf\u30fc\u30f3\u3092\u72d9\u3048\u308b\u3067\u3057\u3087\u3046<\/span><\/strong>\u3002<\/p>\n\n\n\n<p>\u4eca\u56de\u306f\u3001\u793e\u50b5\u306e\u5f31\u70b9\u3092\u88dc\u3046\u300c\u653b\u3081\u300d\u3068\u300c\u5b88\u308a\u300d\u306e\u30d0\u30e9\u30f3\u30b9\u306b\u512a\u308c\u305f2\u3064\u306e\u30d5\u30a1\u30f3\u30c9\u3092\u53b3\u9078\u3057\u3066\u3054\u7d39\u4ecb\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<div class=\"swell-block-capbox cap_box is-style-small_ttl\"><div class=\"cap_box_ttl\"><span>\u304a\u3059\u3059\u3081\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9<\/span><\/div><div class=\"cap_box_content\">\n<ul class=\"wp-block-list -list-under-dashed\">\n<li><a href=\"#haikua\">\u30cf\u30a4\u30af\u30a2\uff5c\u5e74\u522912%\u56fa\u5b9a<\/a><\/li>\n\n\n\n<li><a href=\"#action\">\u30a2\u30af\u30b7\u30e7\u30f3\u5408\u540c\u4f1a\u793e\uff5c\u5e74\u522917.35%\u5b9f\u7e3e<\/a><\/li>\n<\/ul>\n<\/div><\/div>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"haikua\">\u30cf\u30a4\u30af\u30a2\uff5c\u5e74\u522912%\u56fa\u5b9a<\/h3>\n\n\n\n<figure class=\"wp-block-image size-full is-resized is-style-default\"><a href=\"https:\/\/hayqua-international.co.jp\/lp\/vietnam00\/\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" src=\"http:\/\/knowledge-art.co.jp\/invest\/wp-content\/uploads\/new-hayqua.webp\" alt=\"\u30cf\u30a4\u30af\u30a2\u30fb\u30a4\u30f3\u30bf\u30fc\u30ca\u30b7\u30e7\u30ca\u30eb\u306e\u516c\u5f0f\u30b5\u30a4\u30c8\" class=\"wp-image-1212\" style=\"width:600px\"\/><\/a><figcaption class=\"wp-element-caption\">\u5f15\u7528\uff1a<a href=\"https:\/\/hayqua-international.co.jp\/lp\/vietnam00\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u30cf\u30a4\u30af\u30a2\u30fb\u30a4\u30f3\u30bf\u30fc\u30ca\u30b7\u30e7\u30ca\u30eb<\/a><\/figcaption><\/figure>\n\n\n\n<p>\u30cf\u30a4\u30af\u30a2\u30a4\u30f3\u30bf\u30fc\u30ca\u30b7\u30e7\u30ca\u30eb\u306f\u30012023\u5e74\u306b\u8a2d\u7acb\u3055\u308c\u305f\u65e5\u672c\u306e\u904b\u7528\u4f1a\u793e\u3067\u3001<strong><span class=\"swl-marker mark_yellow\">\u5e74\u522912%\u306e\u56fa\u5b9a\u30ea\u30bf\u30fc\u30f3<\/span><\/strong>\u3092\u5b9f\u73fe\u3057\u3066\u3044\u308b\u70b9\u304c\u6700\u5927\u306e\u7279\u5fb4\u3067\u3059\u3002<\/p>\n\n\n\n<p>\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u304c\u5e02\u5834\u306e\u5909\u52d5\u306b\u5de6\u53f3\u3055\u308c\u308b\u306e\u306b\u5bfe\u3057\u3001\u30cf\u30a4\u30af\u30a2\u30a4\u30f3\u30bf\u30fc\u30ca\u30b7\u30e7\u30ca\u30eb\u306f\u30d9\u30c8\u30ca\u30e0\u4f01\u696d\u300cSAKUKO Vietnam\u300d\u3078\u306e\u4e8b\u696d\u878d\u8cc7\u306b\u3088\u308a\u5b89\u5b9a\u3057\u305f\u53ce\u76ca\u3092\u5b9f\u73fe\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<p><strong>\u5951\u7d04\u6642\u70b9\u3067\u5e7412%\u306e\u914d\u5f53\u3092\u7d04\u675f<\/strong>\u3059\u308b\u4ed5\u7d44\u307f\u3067\u3001\u76f8\u5834\u5909\u52d5\u306b\u5de6\u53f3\u3055\u308c\u306a\u3044\u78ba\u5b9f\u306a\u53ce\u76ca\u304c\u9b45\u529b\u3067\u3059\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">500\u4e07\u5186\u6295\u8cc7\u3067\u5e74\u959360\u4e07\u5186\u306e\u5b89\u5b9a\u914d\u5f53\u3092\u5b9f\u73fe<\/h4>\n\n\n\n<p>\u30cf\u30a4\u30af\u30a2\u30a4\u30f3\u30bf\u30fc\u30ca\u30b7\u30e7\u30ca\u30eb\u306e\u6700\u5927\u306e\u9b45\u529b\u306f\u3001<strong><span class=\"swl-marker mark_yellow\">\u6bce\u5e74\u78ba\u5b9f\u306b12%\u306e\u914d\u5f53\u3092\u53d7\u3051\u53d6\u308c\u307e\u3059<\/span><\/strong>\u3002<\/p>\n\n\n\n<div class=\"swell-block-capbox cap_box is-style-small_ttl\"><div class=\"cap_box_ttl\"><span>500\u4e07\u5186\u3092\u6295\u8cc7\u3057\u305f\u5834\u5408\u306e\u914d\u5f53\u30b7\u30df\u30e5\u30ec\u30fc\u30b7\u30e7\u30f3<\/span><\/div><div class=\"cap_box_content\">\n<figure class=\"wp-block-table is-all-centered--va has-small-font-size\"><table class=\"has-fixed-layout\"><thead><tr><th>\u5e74\u6570<\/th><th class=\"has-text-align-right\" data-align=\"right\">\u5e74\u9593\u914d\u5f53\u984d<\/th><th class=\"has-text-align-right\" data-align=\"right\">\u7d2f\u8a08\u914d\u5f53\u984d<\/th><\/tr><\/thead><tbody><tr><th>1\u5e74\u5f8c<\/th><td class=\"has-text-align-right\" data-align=\"right\">60\u4e07\u5186<\/td><td class=\"has-text-align-right\" data-align=\"right\">60\u4e07\u5186<\/td><\/tr><tr><th>3\u5e74\u5f8c<\/th><td class=\"has-text-align-right\" data-align=\"right\">60\u4e07\u5186<\/td><td class=\"has-text-align-right\" data-align=\"right\">180\u4e07\u5186<\/td><\/tr><tr><th>5\u5e74\u5f8c<\/th><td class=\"has-text-align-right\" data-align=\"right\">60\u4e07\u5186<\/td><td class=\"has-text-align-right\" data-align=\"right\">300\u4e07\u5186<\/td><\/tr><tr><th>10\u5e74\u5f8c<\/th><td class=\"has-text-align-right\" data-align=\"right\">60\u4e07\u5186<\/td><td class=\"has-text-align-right\" data-align=\"right\"><strong><span class=\"swl-marker mark_yellow\">600\u4e07\u5186<\/span><\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n<\/div><\/div>\n\n\n\n<p><strong>\u5143\u672c500\u4e07\u5186\u306f\u7dad\u6301\u3057\u306a\u304c\u3089\u3001\u6bce\u5e7460\u4e07\u5186\uff083\u30f6\u6708\u6bce\u306b15\u4e07\u5186\uff09\u306e\u914d\u5f53<\/strong>\u3092\u53d7\u3051\u53d6\u308c\u307e\u3059\u3002<strong><span class=\"swl-marker mark_yellow\">\u5b89\u5b9a\u3057\u305f\u914d\u5f53\u53ce\u5165<\/span><\/strong>\u3068\u3057\u3066\u6d3b\u7528\u3057\u3066\u3044\u308b\u6295\u8cc7\u5bb6\u3082\u5c11\u306a\u304f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n\n\n\n<div class=\"swell-block-capbox cap_box is-style-onborder_ttl\"><div class=\"cap_box_ttl\"><span>\u3053\u3093\u306a\u65b9\u304c\u5b9f\u969b\u306b\u51fa\u8cc7\u3057\u3066\u3044\u307e\u3059<\/span><\/div><div class=\"cap_box_content\">\n<ul class=\"wp-block-list is-style-check_list -list-under-dashed\">\n<li><strong>\u9000\u8077\u91d1\u306e\u904b\u7528\u5148\u3092\u63a2\u3057\u3066\u3044\u308b60\u4ee3<\/strong><br>\u5e74\u91d1\u306e\u88dc\u5b8c\u3068\u3057\u3066\u67085\u4e07\u5186\u306e\u914d\u5f53\u3092\u6d3b\u7528<\/li>\n\n\n\n<li><strong>\u5b50\u80b2\u3066\u4e16\u4ee3\u306e40\u4ee3<\/strong><br>\u6559\u80b2\u8cbb\u306e\u8db3\u3057\u306b\u5e7460\u4e07\u5186\u306e\u914d\u5f53\u3092\u5145\u5f53<\/li>\n\n\n\n<li><strong>\u8cc7\u7523\u5f62\u6210\u4e2d\u306e30\u4ee3<\/strong><br>\u914d\u5f53\u3092\u518d\u6295\u8cc7\u3057\u306610\u5e74\u3067\u8cc7\u7523\u3092\u5927\u304d\u304f\u5897\u3084\u3059<\/li>\n<\/ul>\n<\/div><\/div>\n\n\n\n<h4 class=\"wp-block-heading\">\u306a\u305c\u5b89\u5b9a\u3057\u305f12%\u914d\u5f53\u304c\u53ef\u80fd\u306a\u306e\u304b\uff1f<\/h4>\n\n\n\n<p>\u30cf\u30a4\u30af\u30a2\u30a4\u30f3\u30bf\u30fc\u30ca\u30b7\u30e7\u30ca\u30eb\u306f\u3001\u30d9\u30c8\u30ca\u30e0\u3067\u8907\u6570\u306e\u4e8b\u696d\u3092\u5c55\u958b\u3059\u308b<strong>SAKUKO Vietnam\uff08\u65e5\u672c\u88fd\u54c1\u5c02\u9580\u306e\u5c0f\u58f2\u30c1\u30a7\u30fc\u30f3\uff09<\/strong>\u3078\u306e\u878d\u8cc7\u3067\u53ce\u76ca\u3092\u7372\u5f97\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p><strong><span class=\"swl-marker mark_yellow\">\u5b9f\u5e97\u8217\u304b\u3089\u306e\u5b89\u5b9a\u53ce\u76ca\u304c\u914d\u5f53\u306e\u6e90\u6cc9<\/span><\/strong>\u3068\u306a\u3063\u3066\u304a\u308a\u3001\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u306e\u3088\u3046\u306a\u76f8\u5834\u5909\u52d5\u306e\u5f71\u97ff\u3092\u53d7\u3051\u306b\u304f\u3044\u4ed5\u7d44\u307f\u3092\u78ba\u7acb\u3057\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table is-all-centered--va has-small-font-size\"><table><thead><tr><th>\u4e8b\u696d\u90e8\u9580<\/th><th class=\"has-text-align-right\" data-align=\"right\">\u5c55\u958b\u898f\u6a21<\/th><th class=\"has-text-align-right\" data-align=\"right\">\u6708\u9593\u58f2\u4e0a\u9ad8<\/th><\/tr><\/thead><tbody><tr><th>SAKUKO STORE<\/th><td class=\"has-text-align-right\" data-align=\"right\">35\u5e97\u8217<\/td><td class=\"has-text-align-right\" data-align=\"right\">\u7d041.5\u5104\u5186<\/td><\/tr><tr><th>BEARD PAPA<\/th><td class=\"has-text-align-right\" data-align=\"right\">11\u5e97\u8217<\/td><td class=\"has-text-align-right\" data-align=\"right\">\u7d045,000\u4e07\u5186<\/td><\/tr><tr><th>SAKURA HOTEL<\/th><td class=\"has-text-align-right\" data-align=\"right\">2\u5e97\u8217<\/td><td class=\"has-text-align-right\" data-align=\"right\">\u7d043,000\u4e07\u5186<\/td><\/tr><tr><th colspan=\"2\">\u30b0\u30eb\u30fc\u30d7\u5408\u8a08\u5e74\u5546<\/th><td class=\"has-text-align-right\" data-align=\"right\"><strong>25\u5104\u5186<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>SAKUKO Vietnam\u306f\u3001\u30b0\u30eb\u30fc\u30d7\u5168\u4f53\u306725\u5104\u5186\u306e\u58f2\u4e0a\u3092\u9054\u6210\u3057\u3066\u304a\u308a\u3001<strong>2026\u5e74\u306b\u306f\u30d9\u30c8\u30ca\u30e0UPCoM\u5e02\u5834\u3078\u306e\u4e0a\u5834\u7533\u8acb\u4e2d<\/strong>\u3067\u3059\u3002\u4e0a\u5834\u304c\u5b9f\u73fe\u3059\u308c\u3070\u3001\u3055\u3089\u306a\u308b\u4e8b\u696d\u62e1\u5927\u3068\u914d\u5f53\u306e\u5b89\u5b9a\u6027\u5411\u4e0a\u304c\u671f\u5f85\u3067\u304d\u307e\u3059\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u3068\u30cf\u30a4\u30af\u30a2\u306e\u6295\u8cc7\u52b9\u679c\u3092\u6bd4\u8f03<\/h4>\n\n\n\n<p>\u5b9f\u969b\u306e\u6295\u8cc7\u52b9\u679c\u3092\u5177\u4f53\u7684\u306a\u6570\u5b57\u3067\u6bd4\u8f03\u3057\u3066\u307f\u307e\u3057\u3087\u3046\u3002500\u4e07\u5186\u309210\u5e74\u9593\u904b\u7528\u3057\u305f\u5834\u5408\u306e\u9055\u3044\u306f\u4ee5\u4e0b\u306e\u901a\u308a\u3067\u3059\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table is-all-centered--va has-small-font-size\"><table><thead><tr><th>\u6295\u8cc7\u5148<\/th><th class=\"has-text-align-right\" data-align=\"right\">\u521d\u671f\u6295\u8cc7\u984d<\/th><th class=\"has-text-align-right\" data-align=\"right\">\u5e74\u5229<\/th><th class=\"has-text-align-right\" data-align=\"right\">10\u5e74\u5f8c\u306e\u5229\u76ca<\/th><\/tr><\/thead><tbody><tr><th>\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5<\/th><td class=\"has-text-align-right\" data-align=\"right\">500\u4e07\u5186<\/td><td class=\"has-text-align-right\" data-align=\"right\">3%<\/td><td class=\"has-text-align-right\" data-align=\"right\">\u7d04150\u4e07\u5186<\/td><\/tr><tr><th>\u30cf\u30a4\u30af\u30a2<\/th><td class=\"has-text-align-right\" data-align=\"right\">500\u4e07\u5186<\/td><td class=\"has-text-align-right\" data-align=\"right\">12%<\/td><td class=\"has-text-align-right\" data-align=\"right\"><strong><span class=\"swl-marker mark_yellow\">600\u4e07\u5186<\/span><\/strong><\/td><\/tr><tr><th colspan=\"3\">\u5dee\u984d<\/th><td class=\"has-text-align-right\" data-align=\"right\"><strong>+450\u4e07\u5186<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>\u540c\u3058500\u4e07\u5186\u306e\u6295\u8cc7\u3067\u3082<strong><span class=\"swl-marker mark_yellow\">10\u5e74\u9593\u3067450\u4e07\u5186\u306e\u5dee<\/span><\/strong>\u304c\u78ba\u8a8d\u3067\u304d\u307e\u3059\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5 vs \u30cf\u30a4\u30af\u30a2 \u5fb9\u5e95\u6bd4\u8f03\uff082026\u5e74\u6700\u65b0\uff09<\/h4>\n\n\n\n<figure class=\"wp-block-table is-all-centered--va has-small-font-size\"><table><thead><tr><th>\u6bd4\u8f03\u9805\u76ee<\/th><th>\u7b2c8\u56de\u30cf\u30a4\u30d6\u30ea\u30c3\u30c9\u793e\u50b5<\/th><th>\u30cf\u30a4\u30af\u30a2<\/th><\/tr><\/thead><tbody><tr><th>\u5229\u56de\u308a<\/th><td>4.970%\uff08\u78ba\u5b9a\uff09<\/td><td><strong><span class=\"swl-marker mark_yellow\">12%\u56fa\u5b9a<\/span><\/strong><\/td><\/tr><tr><th>\u6700\u4f4e\u6295\u8cc7\u984d<\/th><td>100\u4e07\u5186<\/td><td>500\u4e07\u5186<\/td><\/tr><tr><th>\u8cfc\u5165\u96e3\u6613\u5ea6<\/th><td>\u5148\u7740\u9806\u30fb\u5b8c\u58f2\u306e\u6050\u308c<\/td><td>\u76f8\u8ac7\u5f8c\u3059\u3050\u51fa\u8cc7\u53ef\u80fd<\/td><\/tr><tr><th>\u914d\u5f53\u983b\u5ea6<\/th><td>\u5e742\u56de<\/td><td>\u5e744\u56de\uff08\u56db\u534a\u671f\u6bce\uff09<\/td><\/tr><tr><th>\u767a\u884c\u4f53\u30ea\u30b9\u30af<\/th><td>\u52a3\u5f8c\u7279\u7d04\u30fb\u5229\u6255\u7e70\u5ef6\u6761\u9805<br>S&amp;P\u898b\u901a\u3057\u30cd\u30ac\u30c6\u30a3\u30d6<\/td><td>\u5b9f\u5e97\u8217\u53ce\u76ca<br>\u5b89\u5b9a\u6027\u9ad8<\/td><\/tr><tr><th>500\u4e07\u5186<br>5\u5e74\u904b\u7528<\/th><td>\u5229\u606f\u8a08<strong>\u7d04124.25\u4e07\u5186<\/strong>\uff08\u7a0e\u5f15\u524d\uff09<\/td><td><strong>\u5229\u606f\u8a08300\u4e07\u5186<\/strong><\/td><\/tr><tr><th>\u5dee\u984d<\/th><td colspan=\"2\"><strong class=\"u-fz-l\">+\u7d04175.75\u4e07\u5186<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h4 class=\"wp-block-heading\">\u30cf\u30a4\u30af\u30a2\u30a4\u30f3\u30bf\u30fc\u30ca\u30b7\u30e7\u30ca\u30eb\u306e3\u3064\u306e\u5f37\u307f<\/h4>\n\n\n\n<div class=\"swell-block-capbox cap_box is-style-small_ttl\"><div class=\"cap_box_ttl\"><span>\u6295\u8cc7\u5bb6\u306b\u3068\u3063\u3066\u306e\u30e1\u30ea\u30c3\u30c8<\/span><\/div><div class=\"cap_box_content\">\n<ul class=\"wp-block-list -list-under-dashed\">\n<li><strong>\u56fa\u5b9a12%\u914d\u5f53<\/strong><br>\u5e744\u56de\uff081\u6708\u30fb4\u6708\u30fb7\u6708\u30fb10\u6708\uff09\u54043%\u305a\u3064\u78ba\u5b9f\u306b\u914d\u5f53<\/li>\n\n\n\n<li><strong>\u624b\u6570\u6599\u306a\u3057<\/strong><br>\u4fe1\u8a17\u5831\u916c\u306a\u3069\u306e\u4fdd\u6709\u624b\u6570\u6599\u304c\u4e00\u5207\u4e0d\u8981<\/li>\n\n\n\n<li><strong>\u9078\u3079\u308b\u904b\u7528\u65b9\u6cd5<\/strong><br>\u914d\u5f53\u53d7\u53d6\uff08\u5358\u5229\uff09\u3092\u9078\u629e\u53ef\u80fd<\/li>\n\n\n\n<li><strong>\u30ed\u30c3\u30af\u30a2\u30c3\u30d7\u306a\u3057<\/strong><br>\u5fc5\u8981\u306b\u5fdc\u3058\u3066\u3044\u3064\u3067\u3082\u89e3\u7d04\u53ef\u80fd\u306a\u67d4\u8edf\u6027<\/li>\n<\/ul>\n<\/div><\/div>\n\n\n\n<p>\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u306f\u5143\u672c\u306e\u5b89\u5b9a\u6027\u3092\u91cd\u8996\u3059\u308b\u4e00\u65b9\u3067\u3001\u3088\u308a\u7a4d\u6975\u7684\u306a\u30ea\u30bf\u30fc\u30f3\u3092\u8ffd\u6c42\u3057\u305f\u3044\u65b9\u306b\u306f\u3001\u30cf\u30a4\u30af\u30a2\u30a4\u30f3\u30bf\u30fc\u30ca\u30b7\u30e7\u30ca\u30eb\u306e\u3088\u3046\u306a<strong>\u78ba\u5b9f\u6027\u306e\u9ad8\u3044\u56fa\u5b9a\u914d\u5f53\u578b\u30d5\u30a1\u30f3\u30c9<\/strong>\u304c\u304a\u3059\u3059\u3081\u3067\u3059\u3002<\/p>\n\n\n\n<p>\u6700\u4f4e\u6295\u8cc7\u984d\u306f500\u4e07\u5186\u304b\u3089\u3068\u3001\u4ed6\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u3068\u6bd4\u8f03\u3057\u3066\u6295\u8cc7\u3057\u3084\u3059\u3044\u91d1\u984d\u8a2d\u5b9a\u306b\u306a\u3063\u3066\u3044\u307e\u3059\u3002\u307e\u305a\u306f\u7121\u6599\u306e\u500b\u5225\u76f8\u8ac7\u3067\u3001\u8a73\u3057\u3044\u4e8b\u696d\u5185\u5bb9\u3084\u914d\u5f53\u306e\u4ed5\u7d44\u307f\u3092\u78ba\u8a8d\u3057\u3066\u307f\u3066\u306f\u3044\u304b\u304c\u3067\u3057\u3087\u3046\u304b\u3002<\/p>\n\n\n\n<p class=\"has-text-align-center u-mb-ctrl u-mb-0\"><span class=\"swl-fz u-fz-s\"><strong>\uff3c\u624b\u6570\u65990\u5186\u3067\u5e7412%\u306e\u56fa\u5b9a\u914d\u5f53\uff0f<\/strong><\/span><\/p>\n\n\n\n<div class=\"swell-block-button green_ -size-l is-style-btn_solid\"><a href=\"https:\/\/hayqua-international.co.jp\/lp\/vietnam00\/\" target=\"_blank\" rel=\"noopener noreferrer\" class=\"swell-block-button__link\" data-has-icon=\"1\"><span>\u30cf\u30a4\u30af\u30a2\u30a4\u30f3\u30bf\u30fc\u30ca\u30b7\u30e7\u30ca\u30eb \u516c\u5f0f<span class=\"swl-fz u-fz-s\">\u30b5\u30a4\u30c8<\/span><\/span><svg class=\"__icon -right\" height=\"1em\" width=\"1em\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" viewBox=\"0 0 48 48\"><path d=\"M24 45C12.4 45 3 35.6 3 24S12.4 3 24 3s21 9.4 21 21-9.4 21-21 21zm0-39C14.1 6 6 14.1 6 24s8.1 18 18 18 18-8.1 18-18S33.9 6 24 6z\"><\/path><path d=\"m34.3 22.9-8.8-8.8c-.6-.6-1.5-.6-2.1 0s-.6 1.5 0 2.1l6.3 6.3H14.8c-.8 0-1.5.7-1.5 1.5s.7 1.5 1.5 1.5h14.8l-6.3 6.3c-.6.6-.6 1.5 0 2.1s1.5.6 2.1 0l8.8-8.8c.7-.6.7-1.6.1-2.2z\"><\/path><\/svg><\/a><\/div>\n\n\n\n<p>\u30cf\u30a4\u30af\u30a2\u30fb\u30a4\u30f3\u30bf\u30fc\u30ca\u30b7\u30e7\u30ca\u30eb\u306b\u3064\u3044\u3066\u8a73\u3057\u304f\u77e5\u308a\u305f\u3044\u65b9\u306f\u3001\u4ee5\u4e0b\u306e\u8a18\u4e8b\u3092\u3054\u89a7\u304f\u3060\u3055\u3044\u3002<\/p>\n\n\n<div class=\"swell-block-postLink\">\t\t\t<div class=\"p-blogCard -internal\" data-type=\"type1\" data-onclick=\"clickLink\">\n\t\t\t\t<div class=\"p-blogCard__inner\">\n\t\t\t\t\t<span class=\"p-blogCard__caption\">\u3042\u308f\u305b\u3066\u8aad\u307f\u305f\u3044<\/span>\n\t\t\t\t\t<div class=\"p-blogCard__thumb c-postThumb\"><figure class=\"c-postThumb__figure\"><img decoding=\"async\" src=\"https:\/\/knowledge-art.co.jp\/invest\/wp-content\/uploads\/hayquainternational-eye-1.webp\" alt=\"\" class=\"c-postThumb__img u-obf-cover\" width=\"320\" height=\"180\"><\/figure><\/div>\t\t\t\t\t<div class=\"p-blogCard__body\">\n\t\t\t\t\t\t<a class=\"p-blogCard__title\" href=\"https:\/\/knowledge-art.co.jp\/invest\/hayquainternational\/\">\u30cf\u30a4\u30af\u30a2\u30a4\u30f3\u30bf\u30fc\u30ca\u30b7\u30e7\u30ca\u30eb\u306e\u8a55\u5224\u30fb\u53e3\u30b3\u30df\u306f\uff1f\u5e74\u522912%\u56fa\u5b9a\u3067\u8cc7\u7523\u3092\u500d\u5897\u3055\u305b\u308b\u6295\u8cc7\u624b\u6cd5\u3092\u5fb9\u5e95\u89e3\u8aac<\/a>\n\t\t\t\t\t\t<span class=\"p-blogCard__excerpt\">\u300c\u30cf\u30a4\u30af\u30a2\u30a4\u30f3\u30bf\u30fc\u30ca\u30b7\u30e7\u30ca\u30eb\u3063\u3066\u602a\u3057\u3044\uff1f\u8a55\u5224\u3084\u53e3\u30b3\u30df\u304c\u5c11\u306a\u304f\u3066\u5224\u65ad\u3067\u304d\u306a\u3044\u2026\u300d \u5e74\u522912%\u56fa\u5b9a\u3068\u3044\u3046\u9ad8\u5229\u56de\u308a\u306b\u60f9\u304b\u308c\u3064\u3064\u3082\u30012023\u5e74\u8a2d\u7acb\u306e\u65b0\u3057\u3044\u4f1a\u793e\u3060\u3051\u306b\u300c\u672c\u5f53\u306b\u5927&#8230;<\/span>\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\n\n<h3 class=\"wp-block-heading\" id=\"action\">\u30a2\u30af\u30b7\u30e7\u30f3\u5408\u540c\u4f1a\u793e\uff5c\u5e74\u522917.35%\u5b9f\u7e3e<\/h3>\n\n\n\n<figure class=\"wp-block-image size-full is-style-default\"><a href=\"https:\/\/action-goudou.co.jp\/\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" src=\"http:\/\/knowledge-art.co.jp\/invest\/wp-content\/uploads\/new-action.webp\" alt=\"\u30a2\u30af\u30b7\u30e7\u30f3\u5408\u540c\u4f1a\u793e\u306e\u516c\u5f0f\u30b5\u30a4\u30c8\" class=\"wp-image-1119\"\/><\/a><figcaption class=\"wp-element-caption\">\u5f15\u7528\uff1a<a href=\"https:\/\/action-goudou.co.jp\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u30a2\u30af\u30b7\u30e7\u30f3\u5408\u540c\u4f1a\u793e<\/a><\/figcaption><\/figure>\n\n\n\n<p><strong>\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5<\/strong>\u306f\u300c\u5012\u7523\u3057\u306a\u3044\u9650\u308a\u5143\u672c\u304c\u5b88\u3089\u308c\u308b\u300d\u5b89\u5fc3\u611f\u304c\u3042\u308b\u4e00\u65b9\u3001<strong><span class=\"swl-inline-color has-swl-deep-01-color\">\u300c\u5229\u56de\u308a\u306e\u4f4e\u3055\uff08\u5e743\u301c4%\uff09\u300d\u3084\u300c\u5e02\u5834\u66b4\u843d\u6642\u306e\u7121\u9632\u5099\u3055\u300d\u3068\u306e\u5f31\u70b9<\/span><\/strong>\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u305d\u3053\u3067\u3001\u8ce2\u3044\u6295\u8cc7\u5bb6\u304c\u5b9f\u8df5\u3057\u3066\u3044\u308b\u306e\u304c\u3001\u793e\u50b5\u3067\u30d9\u30fc\u30b9\u3092\u56fa\u3081\u3064\u3064\u3001\u76f8\u5834\u74b0\u5883\u306b\u5de6\u53f3\u3055\u308c\u305a\u9ad8\u3044\u5229\u76ca\u3092\u72d9\u3046\u300c\u30a2\u30af\u30b7\u30e7\u30f3\u5408\u540c\u4f1a\u793e\u300d\u3092\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306b\u7d44\u307f\u5165\u308c\u308b\u6226\u7565\u3067\u3059\u3002<\/p>\n\n\n\n<p>\u30a2\u30af\u30b7\u30e7\u30f3\u5408\u540c\u4f1a\u793e\u306f2023\u5e74\u8a2d\u7acb\u306e\u65b0\u9032\u6c17\u92ed\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u3067\u3001<strong><span class=\"swl-marker mark_yellow\">\u524d\u5e74\u5ea6\u306f\u5e74\u522917.35%\u306e\u9a5a\u7570\u7684\u306a\u5b9f\u7e3e<\/span><\/strong>\u3092\u8a18\u9332\u3057\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<p>\u4ee3\u8868\u306e\u53e4\u6a4b\u5f18\u5149\u6c0f\u306f\u3001\u30c8\u30ec\u30fc\u30c0\u30fc\u30ba\u30db\u30fc\u30eb\u30c7\u30a3\u30f3\u30b0\u30b9\u682a\u5f0f\u4f1a\u793e\u306e\u5143\u53d6\u7de0\u5f79\u3067\u300130\u5e74\u4ee5\u4e0a\u91d1\u878d\u696d\u754c\u306b\u643a\u308f\u3063\u3066\u304d\u305f\u7d4c\u9a13\u8c4a\u5bcc\u306a\u4eba\u7269\u3067\u3059\u3002\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u306e\u5e74\u52293-4%\u3068\u6bd4\u8f03\u3059\u308b\u3068\u3001<strong>\u7d046\u500d\u4ee5\u4e0a\u306e\u30ea\u30bf\u30fc\u30f3<\/strong>\u3092\u5b9f\u73fe\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u3068\u30a2\u30af\u30b7\u30e7\u30f3\u306e\u300c\u4f75\u7528\u300d\u304c\u304a\u3059\u3059\u3081\u306a\u7406\u7531<\/h4>\n\n\n\n<p>\u306a\u305c\u793e\u50b5\u4e00\u672c\u3067\u306f\u306a\u304f\u3001\u30a2\u30af\u30b7\u30e7\u30f3\u3092\u7d44\u307f\u5408\u308f\u305b\u308b\u3079\u304d\u306a\u306e\u304b\uff1f<\/p>\n\n\n\n<p>\u6c7a\u5b9a\u7684\u306a\u7406\u7531\u306f\u3001<strong>\u53ce\u76ca\u306e\u6027\u8cea\u304c\u300c\u771f\u9006\u300d\u3060\u304b\u3089<\/strong>\u3067\u3059\u3002<\/p>\n\n\n<div class=\"c-scrollHint sp_\"><span>\u30b9\u30af\u30ed\u30fc\u30eb\u3067\u304d\u307e\u3059 <i class=\"icon-more_arrow\"><\/i><\/span><\/div>\n<figure data-table-scrollable=\"sp\" data-cell1-fixed=\"sp\" class=\"wp-block-table has-small-font-size\"><table style=\"--table-width:600px;--swl-cell1-width:150px;\" class=\"has-fixed-layout\"><thead><tr><th>\u6bd4\u8f03\u9805\u76ee<\/th><th>\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5<\/th><th>\u30a2\u30af\u30b7\u30e7\u30f3\uff08\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\uff09<\/th><\/tr><\/thead><tbody><tr><th>\u304a\u91d1\u304c\u5897\u3048\u308b\u7406\u7531<\/th><td>\u4f1a\u793e\u304c\u300c\u5012\u7523\u3057\u306a\u3044\u3053\u3068\u300d<\/td><td><strong>\u30d7\u30ed\u306e\u300c\u904b\u7528\u30b9\u30ad\u30eb\u300d<\/strong><\/td><\/tr><tr><th>\u76f8\u5834\u304c\u4e0b\u304c\u3063\u305f\u6642<\/th><td>\u5012\u7523\u30ea\u30b9\u30af\u304c\u9ad8\u307e\u308a\u4e0d\u5b89<\/td><td><strong>\u300c\u66b4\u843d\u300d\u3055\u3048\u3082\u5229\u76ca\u306b\u5909\u3048\u308b<\/strong><\/td><\/tr><tr><th>\u7269\u4fa1\u304c\u4e0a\u304c\u3063\u305f\u6642<\/th><td>\u5229\u76ca\u304c\u76f8\u6bba\u3055\u308c\u3066\u3057\u307e\u3046<\/td><td><strong>\u9ad8\u3044\u5229\u56de\u308a\u3067\u8cc7\u7523\u3092\u5b88\u308a\u629c\u304f<\/strong><\/td><\/tr><tr><th>\u6295\u8cc7\u306e\u5f79\u5272<\/th><td>\u5b88\u308a\u306e\u300c\u8caf\u91d1\u300d\u306b\u8fd1\u3044<\/td><td><strong>\u5897\u3084\u3059\u305f\u3081\u306e\u300c\u653b\u3081\u300d\u306e\u904b\u7528<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u3092\u691c\u8a0e\u3057\u3066\u3044\u308b\u65b9\u306f\u3001<strong>\u300c\u4f1a\u793e\u304c\u6f70\u308c\u306a\u3051\u308c\u3070OK\u300d\u3068\u306e\u5b88\u308a\u306e\u5fc3\u7406<\/strong>\u304c\u5f37\u3044\u306f\u305a\u3067\u3059\u3002 \u3057\u304b\u3057\u3001\u793e\u50b5\u4e00\u672c\u306e\u904b\u7528\u3060\u3051\u3067\u306f\u76f8\u5834\u304c\u5927\u304d\u304f\u5d29\u308c\u305f\u6642\u3084\u7269\u4fa1\u304c\u4e0a\u304c\u3063\u305f\u6642\u306b\u3001\u8cc7\u7523\u306e\u5b9f\u8cea\u7684\u306a\u4fa1\u5024\u3092\u5b88\u308a\u304d\u308c\u307e\u305b\u3093\u3002<\/p>\n\n\n\n<p><span class=\"swl-marker mark_yellow\"> <strong>\u300c\u5b88\u308a\uff08\u793e\u50b5\uff09\u300d\u306b\u300c\u653b\u3081\uff08\u30a2\u30af\u30b7\u30e7\u30f3\uff09\u300d\u3092\u7d44\u307f\u5408\u308f\u305b\u308b\u3068<\/strong><\/span>\u3001\u3069\u3093\u306a\u5e02\u5834\u74b0\u5883\u3067\u3082\u7740\u5b9f\u306b\u8cc7\u7523\u3092\u5897\u3084\u3059\u76e4\u77f3\u306a\u4f53\u5236\u304c\u6574\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">\u30a2\u30af\u30b7\u30e7\u30f3\u306e\u7279\u5fb4\uff1a\u793e\u50b5\u306b\u306f\u306a\u30443\u3064\u306e\u5f37\u307f<\/h4>\n\n\n\n<p>\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u3092\u691c\u8a0e\u3057\u3066\u3044\u308b\u65b9\u306e\u591a\u304f\u306f\u300c\u5143\u672c\u3092\u5b88\u308a\u3064\u3064\u3001\u7740\u5b9f\u306b\u5897\u3084\u3057\u305f\u3044\u300d\u3068\u8003\u3048\u3066\u3044\u308b\u306f\u305a\u3067\u3059\u3002\u3057\u304b\u3057\u3001<strong><span class=\"swl-inline-color has-swl-deep-01-color\">\u793e\u50b5\u306b\u306f\u300c\u666f\u6c17\u304c\u60aa\u304f\u306a\u308b\u3068\u5012\u7523\u30ea\u30b9\u30af\u304c\u6016\u3044\u300d\u300c\u4e00\u5ea6\u8cb7\u3063\u305f\u3089\u6e80\u671f\u307e\u3067\u624b\u51fa\u3057\u304c\u3067\u304d\u306a\u3044\u300d\u4e0d\u81ea\u7531\u3055<\/span><\/strong>\u304c\u3042\u308a\u307e\u3059 \u3002<\/p>\n\n\n\n<p>\u30a2\u30af\u30b7\u30e7\u30f3\u306f\u3001\u793e\u50b5\u306e\u30c7\u30e1\u30ea\u30c3\u30c8\u3092\u300c\u30d7\u30ed\u306e\u904b\u7528\u529b\u300d\u3067\u89e3\u6c7a\u3057\u3066\u304f\u308c\u308b\u5546\u54c1\u3067\u3059\u3002<\/p>\n\n\n\n<div class=\"swell-block-capbox cap_box is-style-small_ttl\"><div class=\"cap_box_ttl\"><span>\u30a2\u30af\u30b7\u30e7\u30f3\u306e\u7279\u5fb4<\/span><\/div><div class=\"cap_box_content\">\n<ul class=\"wp-block-list is-style-check_list -list-under-dashed\">\n<li><strong>\u76f8\u5834\u304c\u4e0b\u304c\u3063\u3066\u3082\u5229\u76ca\u3092\u72d9\u3048\u308b<\/strong><br>\u66b4\u843d\u3055\u3048\u3082\u30c1\u30e3\u30f3\u30b9\u306b\u5909\u3048\u308b\u6226\u7565<\/li>\n\n\n\n<li><strong>\u300c\u3044\u3064\u58f2\u8cb7\u3059\u308b\u304b\u300d\u306e\u60a9\u307f\u30bc\u30ed<\/strong><br>\u91d1\u878d\u696d\u754c30\u5e74\u4ee5\u4e0a\u306e\u30d7\u30ed\u304c\u904b\u7528\u3002\u3059\u3079\u3066\u4e38\u6295\u3052\u3067OK<\/li>\n\n\n\n<li><strong>\u793e\u50b5\u306e\u7d045\u500d\uff01\u5e74\u522917%\u8d85\u306e\u5b9f\u7e3e\u5024<\/strong><br>\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u306e\u5e74\u52293\u301c4%\u306b\u5bfe\u3057\u3001\u5e74\u522917.35%\u3092\u8a18\u9332\u3057\u305f\u5727\u5012\u7684\u306a\u904b\u7528\u529b<\/li>\n<\/ul>\n<\/div><\/div>\n\n\n\n<p>\u6700\u5927\u306e\u7279\u5fb4\u306f\u3001\u5358\u306b\u300c\u682a\u304c\u4e0a\u304c\u308b\u300d\u306e\u3092\u5f85\u3064\u3060\u3051\u306e\u6295\u8cc7\u3067\u306f\u306a\u3044\u70b9\u3067\u3059 \u3002\u4e8b\u696d\u878d\u8cc7\u3084Web3\u306a\u3069\u3001<strong><span class=\"swl-marker mark_yellow\">\u793e\u50b5\u3068\u306f\u5168\u304f\u5225\u306e\u53ce\u76ca\u6e90\u3092\u6301\u3063\u3066\u3044\u308b\u305f\u3081<\/span><\/strong>\u3001\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u30b0\u30eb\u30fc\u30d7\u306e\u696d\u7e3e\u3092\u5fc3\u914d\u305b\u305a\u306b\u3001\u52b9\u7387\u7684\u306b\u8cc7\u7523\u3092\u5897\u3084\u305b\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u8cc7\u7523\u306e\u4e00\u90e8\u3092\u3053\u3046\u3057\u305f\u300c\u30d7\u30ed\u306e\u6226\u7565\u300d\u306b\u9810\u3051\u308b\u3068\u3001\u5c06\u6765\u3078\u306e\u5b89\u5fc3\u611f\u304c\u5927\u304d\u304f\u5909\u308f\u308b\u306f\u305a\u3067\u3059 \u3002<\/p>\n\n\n\n<p><strong>\u300c\u3044\u304d\u306a\u308a\u6295\u8cc7\u3059\u308b\u306e\u306f\u4e0d\u5b89\u300d\u300c\u307e\u305a\u306f\u8a71\u3060\u3051\u3067\u3082\u805e\u3044\u3066\u307f\u305f\u3044\u300d<\/strong>\u65b9\u3082\u6b53\u8fce\u3055\u308c\u3066\u3044\u308b\u306e\u3067\u3001\u5c11\u3057\u3067\u3082\u6c17\u306b\u306a\u3063\u305f\u3089\u516c\u5f0f\u30b5\u30a4\u30c8\u3092\u30c1\u30a7\u30c3\u30af\u3057\u3066\u3001\u6c17\u8efd\u306b\u7121\u6599\u76f8\u8ac7\u3092\u6d3b\u7528\u3057\u3066\u307f\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n\n\n\n<p class=\"has-text-align-center u-mb-ctrl u-mb-0\"><strong>\uff3c \u307e\u305a\u306f\u904b\u7528\u5b9f\u7e3e\u3092\u30c1\u30a7\u30c3\u30af \uff0f<\/strong><\/p>\n\n\n\n<div class=\"swell-block-button green_ -size-l is-style-btn_solid\"><a href=\"https:\/\/action-goudou.co.jp\/\" target=\"_blank\" rel=\"noopener noreferrer\" class=\"swell-block-button__link\" data-has-icon=\"1\"><span>\u30a2\u30af\u30b7\u30e7\u30f3 \u516c\u5f0f<span class=\"swl-fz u-fz-s\">\u30b5\u30a4\u30c8<\/span><\/span><svg class=\"__icon -right\" height=\"1em\" width=\"1em\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" viewBox=\"0 0 48 48\"><path d=\"M24 45C12.4 45 3 35.6 3 24S12.4 3 24 3s21 9.4 21 21-9.4 21-21 21zm0-39C14.1 6 6 14.1 6 24s8.1 18 18 18 18-8.1 18-18S33.9 6 24 6z\"><\/path><path d=\"m34.3 22.9-8.8-8.8c-.6-.6-1.5-.6-2.1 0s-.6 1.5 0 2.1l6.3 6.3H14.8c-.8 0-1.5.7-1.5 1.5s.7 1.5 1.5 1.5h14.8l-6.3 6.3c-.6.6-.6 1.5 0 2.1s1.5.6 2.1 0l8.8-8.8c.7-.6.7-1.6.1-2.2z\"><\/path><\/svg><\/a><\/div>\n\n\n\n<p>\u30a2\u30af\u30b7\u30e7\u30f3\u306b\u3064\u3044\u3066\u8a73\u3057\u304f\u77e5\u308a\u305f\u3044\u65b9\u306f\u3001\u4ee5\u4e0b\u306e\u8a18\u4e8b\u3092\u3054\u89a7\u304f\u3060\u3055\u3044\u3002<\/p>\n\n\n<div class=\"swell-block-postLink\">\t\t\t<div class=\"p-blogCard -internal\" data-type=\"type1\" data-onclick=\"clickLink\">\n\t\t\t\t<div class=\"p-blogCard__inner\">\n\t\t\t\t\t<span class=\"p-blogCard__caption\">\u3042\u308f\u305b\u3066\u8aad\u307f\u305f\u3044<\/span>\n\t\t\t\t\t<div class=\"p-blogCard__thumb c-postThumb\"><figure class=\"c-postThumb__figure\"><img decoding=\"async\" src=\"https:\/\/knowledge-art.co.jp\/invest\/wp-content\/uploads\/actionllc-eye-1.webp\" alt=\"\" class=\"c-postThumb__img u-obf-cover\" width=\"320\" height=\"180\"><\/figure><\/div>\t\t\t\t\t<div class=\"p-blogCard__body\">\n\t\t\t\t\t\t<a class=\"p-blogCard__title\" href=\"https:\/\/knowledge-art.co.jp\/invest\/actionllc\/\">Action(\u30a2\u30af\u30b7\u30e7\u30f3)\u5408\u540c\u4f1a\u793e\u306e\u8a55\u5224\u306f\uff1f\u5e74\u522917%\u8d85\u306e\u5b9f\u7e3e\u3068\u624b\u6570\u6599\u30fb\u30ea\u30b9\u30af\u3092\u5fb9\u5e95\u89e3\u8aac<\/a>\n\t\t\t\t\t\t<span class=\"p-blogCard__excerpt\">Action(\u30a2\u30af\u30b7\u30e7\u30f3)\u5408\u540c\u4f1a\u793e\u3078\u306e\u6295\u8cc7\u3092\u691c\u8a0e\u3057\u3066\u3044\u3066\u3082\u3001\u5b9f\u969b\u306e\u8a55\u5224\u3084\u4ed5\u7d44\u307f\u304c\u308f\u304b\u3089\u305a\u4e8c\u306e\u8db3\u3092\u8e0f\u3093\u3067\u3044\u308b\u65b9\u306f\u591a\u3044\u306f\u305a\u3067\u3059\u3002 \u540c\u793e\u306f\u5e74\u522917%\u8d85\u3068\u3044\u3046\u9ad8\u3044\u5b9f\u7e3e\u3092\u8a87\u308b\u30d8\u30c3&#8230;<\/span>\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\n\n<h2 class=\"wp-block-heading\">\u3088\u304f\u3042\u308b\u8cea\u554f<\/h2>\n\n\n\n<p>\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u306b\u3064\u3044\u3066\u3088\u304f\u3042\u308b\u8cea\u554f\u3092\u307e\u3068\u3081\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<div class=\"swell-block-capbox cap_box is-style-small_ttl\"><div class=\"cap_box_ttl\"><span>\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u306b\u3064\u3044\u3066\u3088\u304f\u3042\u308b\u8cea\u554f<\/span><\/div><div class=\"cap_box_content\">\n<ul class=\"wp-block-list -list-under-dashed\">\n<li><a href=\"#qa-new1\">\u7b2c8\u56de\u30cf\u30a4\u30d6\u30ea\u30c3\u30c9\u793e\u50b5\u306f\u3069\u3093\u306a\u5546\u54c1\u3067\u3059\u304b\uff1f<\/a><\/li>\n\n\n\n<li><a href=\"#qa-new2\">\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u306f\u58f2\u308c\u6b8b\u308b\u3053\u3068\u306f\u3042\u308a\u307e\u3059\u304b\uff1f<\/a><\/li>\n\n\n\n<li><a href=\"#qa-new3\">\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u306e\u91d1\u92ad\u4fe1\u8a17\u3068\u306f\u4f55\u3067\u3059\u304b\uff1f\u793e\u50b5\u3068\u306e\u9055\u3044\u306f\uff1f<\/a><\/li>\n\n\n\n<li><a href=\"#qa1\">\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u306f\u904e\u53bb\u306b\u5143\u672c\u5272\u308c\u3057\u305f\u3053\u3068\u306f\u3042\u308a\u307e\u3059\u304b\uff1f<\/a><\/li>\n\n\n\n<li><a href=\"#qa2\">\u52a3\u5f8c\u793e\u50b5\u3068\u666e\u901a\u793e\u50b5\u306e\u9055\u3044\u3092\u6559\u3048\u3066\u304f\u3060\u3055\u3044\u3002<\/a><\/li>\n\n\n\n<li><a href=\"#qa8\">\u7b2c67\u56de\u793e\u50b5\u304c\u8cb7\u3048\u306a\u304b\u3063\u305f\u5834\u5408\u306e\u4ee3\u66ff\u6848\u306f\uff1f<\/a><\/li>\n<\/ul>\n<\/div><\/div>\n\n\n\n<dl class=\"swell-block-faq -icon-circle is-style-faq-border\" data-q=\"fill-text\" data-a=\"col-main\">\n<div class=\"swell-block-faq__item\" id=\"qa-new1\"><dt class=\"faq_q\">\u7b2c8\u56de\u30cf\u30a4\u30d6\u30ea\u30c3\u30c9\u793e\u50b5\u306f\u3069\u3093\u306a\u5546\u54c1\u3067\u3059\u304b\uff1f<\/dt><dd class=\"faq_a\">\n<p>2026\u5e744\u670822\u65e5\u767a\u884c\u4e88\u5b9a\u306e\u30cf\u30a4\u30d6\u30ea\u30c3\u30c9\u793e\u50b5\uff08\u52a3\u5f8c\u7279\u7d04\u4ed8\uff09\u3067\u3059\u3002\u4e3b\u306a\u7279\u5fb4\u306f\u4ee5\u4e0b\u306e\u901a\u308a\u3067\u3059\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list -list-under-dashed has-swl-main-thin-background-color has-background\">\n<li><strong>\u767a\u884c\u7dcf\u984d<\/strong>\uff1a4,180\u5104\u5186<\/li>\n\n\n\n<li><strong>\u5229\u7387\uff08\u78ba\u5b9a\uff09<\/strong>\uff1a\u5f53\u521d5\u5e74\u56fa\u5b9a \u5e744.970%\uff08\u7a0e\u5f15\u524d\uff09\uff0f\u5e743.960%\uff08\u7a0e\u5f15\u5f8c\uff09<\/li>\n\n\n\n<li><strong>\u671f\u9593<\/strong>\uff1a35\u5e74\uff08\u305f\u3060\u30575\u5e74\u5f8c\u306b\u671f\u9650\u524d\u511f\u9084\u306e\u53ef\u80fd\u6027\u5927\uff09<\/li>\n\n\n\n<li><strong>\u6ce8\u610f\u70b9<\/strong>\uff1a\u52a3\u5f8c\u7279\u7d04\u30fb\u5229\u6255\u7e70\u5ef6\u6761\u9805\u4ed8\u304d\u3001\u683c\u4ed8\u3051BBB+\uff08JCR\uff09<\/li>\n<\/ul>\n\n\n\n<p>\u904e\u53bb\u306e\u30cf\u30a4\u30d6\u30ea\u30c3\u30c9\u793e\u50b5\uff08\u7b2c1\u56de\u301c\u7b2c4\u56de\uff09\u306f\u3059\u3079\u3066\u521d\u56de\u4efb\u610f\u511f\u9084\u65e5\uff085\u5e74\u5f8c\uff09\u306b\u671f\u9650\u524d\u511f\u9084\u3055\u308c\u3066\u3044\u307e\u3059\u3002\u5229\u7387\u306e\u9ad8\u3055\u306f\u9b45\u529b\u7684\u3067\u3059\u304c\u3001\u666e\u901a\u793e\u50b5\u3088\u308a\u30ea\u30b9\u30af\u304c\u9ad8\u3044\u5546\u54c1\u3067\u3059\u3002<\/p>\n<\/dd><\/div>\n\n\n\n<div class=\"swell-block-faq__item\" id=\"qa-new2\"><dt class=\"faq_q\">\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u306f\u58f2\u308c\u6b8b\u308b\u3053\u3068\u306f\u3042\u308a\u307e\u3059\u304b\uff1f<\/dt><dd class=\"faq_a\">\n<p>\u904e\u53bb\u306e\u500b\u4eba\u5411\u3051\u666e\u901a\u793e\u50b5\uff08\u30db\u30fc\u30af\u30b9\u30dc\u30f3\u30c9\uff09\u306f\u3001<strong>\u52df\u96c6\u958b\u59cb\u304b\u3089\u6570\u6642\u9593\u301c\u6570\u65e5\u3067\u5b8c\u58f2\u3059\u308b\u30b1\u30fc\u30b9\u304c\u307b\u3068\u3093\u3069<\/strong>\u3067\u3042\u308a\u3001\u58f2\u308c\u6b8b\u308a\u306e\u5fc3\u914d\u306f\u307b\u307c\u3042\u308a\u307e\u305b\u3093\u3002\u7b2c67\u56de\uff085,000\u5104\u5186\uff09\u3082\u6570\u65e5\u3067\u5b8c\u58f2\u3057\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<p>\u305f\u3060\u3057\u3001\u30cf\u30a4\u30d6\u30ea\u30c3\u30c9\u793e\u50b5\u306f\u52a3\u5f8c\u7279\u7d04\u30fb\u5229\u6255\u7e70\u5ef6\u6761\u9805\u4ed8\u304d\u3067\u30ea\u30b9\u30af\u304c\u9ad8\u3044\u305f\u3081\u3001\u666e\u901a\u793e\u50b5\u307b\u3069\u306e\u77ac\u9593\u5b8c\u58f2\u306b\u306f\u306a\u3089\u306a\u3044\u53ef\u80fd\u6027\u3082\u3042\u308a\u307e\u3059\u3002\u8cfc\u5165\u3092\u691c\u8a0e\u3059\u308b\u65b9\u306f\u3001<strong>\u52df\u96c6\u671f\u9593\u4e2d\u306b\u6761\u4ef6\u3092\u3088\u304f\u78ba\u8a8d\u3057\u305f\u4e0a\u3067\u65e9\u3081\u306b\u7533\u3057\u8fbc\u3080<\/strong>\u306e\u304c\u304a\u3059\u3059\u3081\u3067\u3059\u3002<\/p>\n<\/dd><\/div>\n\n\n\n<div class=\"swell-block-faq__item\" id=\"qa-new3\"><dt class=\"faq_q\">\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u306e\u91d1\u92ad\u4fe1\u8a17\u3068\u306f\u4f55\u3067\u3059\u304b\uff1f\u793e\u50b5\u3068\u306e\u9055\u3044\u306f\uff1f<\/dt><dd class=\"faq_a\">\n<p>\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u30b0\u30eb\u30fc\u30d7\u306e\u91d1\u92ad\u4fe1\u8a17\u306f\u3001\u30aa\u30ea\u30c3\u30af\u30b9\u9280\u884c\u306a\u3069\u304c\u63d0\u4f9b\u3059\u308b\u300ce\u30c0\u30a4\u30ec\u30af\u30c8\u91d1\u92ad\u4fe1\u8a17\u300d\u3067\u3001<strong>\u4fe1\u8a17\u91d1\u3092\u4e3b\u306b\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u30b0\u30eb\u30fc\u30d7\u5411\u3051\u7121\u62c5\u4fdd\u8cb8\u4ed8\u91d1\u3067\u904b\u7528\u3059\u308b\u5546\u54c1<\/strong>\u3067\u3059\u3002<\/p>\n\n\n\n<p>\u793e\u50b5\u3068\u306e\u4e3b\u306a\u9055\u3044\u306f\u4ee5\u4e0b\u306e\u901a\u308a\u3067\u3059\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list -list-under-dashed has-swl-main-thin-background-color has-background\">\n<li><strong>\u5143\u672c\u4fdd\u8a3c<\/strong>\uff1a\u793e\u50b5\u3082\u91d1\u92ad\u4fe1\u8a17\u3082\u5143\u672c\u4fdd\u8a3c\u306a\u3057<\/li>\n\n\n\n<li><strong>\u9810\u91d1\u4fdd\u967a<\/strong>\uff1a\u91d1\u92ad\u4fe1\u8a17\u306f\u9810\u91d1\u4fdd\u967a\u306e\u5bfe\u8c61\u5916<\/li>\n\n\n\n<li><strong>\u671f\u9593<\/strong>\uff1a\u91d1\u92ad\u4fe1\u8a17\u306f1\u5e74\u7a0b\u5ea6\u306e\u77ed\u671f\u3001\u793e\u50b5\u306f5\u301c35\u5e74\u306e\u9577\u671f<\/li>\n\n\n\n<li><strong>\u30ea\u30b9\u30af\u306e\u672c\u8cea<\/strong>\uff1a\u3069\u3061\u3089\u3082\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u30b0\u30eb\u30fc\u30d7\u306e\u4fe1\u7528\u30ea\u30b9\u30af\u306b\u4f9d\u5b58<\/li>\n<\/ul>\n\n\n\n<p>\u3044\u305a\u308c\u3082\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u30b0\u30eb\u30fc\u30d7\u306e\u4fe1\u7528\u529b\u306b\u4f9d\u5b58\u3059\u308b\u5546\u54c1\u3067\u3042\u308a\u3001<strong>\u30ea\u30b9\u30af\u306e\u5206\u6563\u3092\u8003\u3048\u308b\u306a\u3089<a href=\"#hedge-fund\">\u7570\u306a\u308b\u53ce\u76ca\u6e90\u3092\u6301\u3064\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9<\/a>\u306e\u4f75\u7528\u3082\u691c\u8a0e<\/strong>\u3057\u307e\u3057\u3087\u3046\u3002<\/p>\n<\/dd><\/div>\n\n\n\n<div class=\"swell-block-faq__item\" id=\"qa1\"><dt class=\"faq_q\">\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u306f\u904e\u53bb\u306b\u5143\u672c\u5272\u308c\u3057\u305f\u3053\u3068\u306f\u3042\u308a\u307e\u3059\u304b\uff1f<\/dt><dd class=\"faq_a\">\n<p>\u6e80\u671f\u307e\u3067\u4fdd\u6709\u3057\u305f\u5834\u5408\u306f\u3001\u904e\u53bb\u306b\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u793e\u50b5\u3067\u5143\u672c\u5272\u308c\u306f\u767a\u751f\u3057\u3066\u3044\u307e\u305b\u3093\u3002<\/p>\n\n\n\n<p>\u305f\u3060\u3057\u3001\u4e2d\u9014\u58f2\u5374\u3067\u306f\u5e02\u5834\u4fa1\u683c\u306b\u3088\u3063\u3066\u5143\u672c\u5272\u308c\u3059\u308b\u30ea\u30b9\u30af\u304c\u3042\u308a\u307e\u3059\u3002\u7279\u306b\u91d1\u5229\u4e0a\u6607\u5c40\u9762\u3067\u306f\u65e2\u767a\u50b5\u306e\u4fa1\u683c\u304c\u4e0b\u843d\u3057\u3084\u3059\u3044\u305f\u3081\u3001<strong>\u6e80\u671f\u307e\u3067\u4fdd\u6709\u3059\u308b\u524d\u63d0\u3067\u8cfc\u5165\u5224\u65ad\u3092\u3059\u308b\u3053\u3068\u304c\u91cd\u8981<\/strong>\u3067\u3059\u3002<\/p>\n<\/dd><\/div>\n\n\n\n<div class=\"swell-block-faq__item\" id=\"qa2\"><dt class=\"faq_q\">\u52a3\u5f8c\u793e\u50b5\u3068\u666e\u901a\u793e\u50b5\u306e\u9055\u3044\u3092\u6559\u3048\u3066\u304f\u3060\u3055\u3044\u3002<\/dt><dd class=\"faq_a\">\n<p>\u52a3\u5f8c\u793e\u50b5\u306f\u666e\u901a\u793e\u50b5\u3088\u308a\u5f01\u6e08\u9806\u4f4d\u304c\u4f4e\u304f\u3001\u767a\u884c\u4f53\u304c\u7834\u7dbb\u3057\u305f\u5834\u5408\u306e\u56de\u53ce\u7387\u304c\u5927\u5e45\u306b\u4e0b\u304c\u308b\u4ee3\u308f\u308a\u306b\u5229\u56de\u308a\u304c\u9ad8\u304f\u8a2d\u5b9a\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u306e\u5834\u5408\u3001\u666e\u901a\u793e\u50b5\u304c\u5e74\u52291.38%\uff5e3.98%\u306a\u306e\u306b\u5bfe\u3057\u3001\u52a3\u5f8c\u793e\u50b5\u30fb\u30cf\u30a4\u30d6\u30ea\u30c3\u30c9\u793e\u50b5\u306f\u5e74\u52292.40%\uff5e4.970%\u3068\u9ad8\u6c34\u6e96\u3067\u3059\u3002<strong>\u9ad8\u3044\u5229\u7387\u306b\u306f\u305d\u308c\u76f8\u5fdc\u306e\u30ea\u30b9\u30af\u304c\u4f34\u3046<\/strong>\u3053\u3068\u3092\u7406\u89e3\u3057\u305f\u4e0a\u3067\u691c\u8a0e\u3057\u307e\u3057\u3087\u3046\u3002<\/p>\n<\/dd><\/div>\n\n\n\n<div class=\"swell-block-faq__item\" id=\"qa8\"><dt class=\"faq_q\">\u7b2c67\u56de\u793e\u50b5\u304c\u8cb7\u3048\u306a\u304b\u3063\u305f\u5834\u5408\u306e\u4ee3\u66ff\u6848\u306f\uff1f<\/dt><dd class=\"faq_a\">\n<p>\u4ee5\u4e0b\u306e\u9078\u629e\u80a2\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list -list-under-dashed has-swl-main-thin-background-color has-background\">\n<li><strong>\u7b2c8\u56de\u30cf\u30a4\u30d6\u30ea\u30c3\u30c9\u793e\u50b5\u3092\u691c\u8a0e\u3059\u308b<\/strong><br>\u21922026\u5e744\u670813\u65e5\u301c21\u65e5\u52df\u96c6\u4e2d\u3002\u78ba\u5b9a\u5229\u7387 \u5e744.970%\u3068\u9ad8\u5229\u56de\u308a\u3060\u304c\u52a3\u5f8c\u7279\u7d04\u4ed8\u304d<\/li>\n\n\n\n<li><strong>\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u3067\u9ad8\u5229\u56de\u308a\u3092\u72d9\u3046<\/strong><br>\u2192<a href=\"#haikua\">\u30cf\u30a4\u30af\u30a2\uff08\u5e7412%\u56fa\u5b9a\uff09<\/a>\u3084<a href=\"#action\">\u30a2\u30af\u30b7\u30e7\u30f3\uff08\u5e7417.35%\u5b9f\u7e3e\uff09<\/a>\u306a\u3089\u3001\u5b8c\u58f2\u3092\u5fc3\u914d\u305b\u305a\u51fa\u8cc7\u53ef\u80fd<\/li>\n\n\n\n<li><strong>\u4ed6\u793e\u306e\u500b\u4eba\u5411\u3051\u793e\u50b5\u3092\u691c\u8a0e\u3059\u308b<\/strong><br>\u2192\u5229\u56de\u308a\u306f\u4f4e\u3081\uff080.3\uff5e3%\u7a0b\u5ea6\uff09\u3060\u304c\u3001\u3088\u308a\u5b89\u5168\u6027\u304c\u9ad8\u3044\u9298\u67c4\u3082\u591a\u3044<\/li>\n<\/ul>\n<\/dd><\/div>\n<\/dl>\n<script 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