{"id":850,"date":"2026-06-25T06:09:19","date_gmt":"2026-06-24T21:09:19","guid":{"rendered":"https:\/\/www.kabutec.jp\/blog\/?p=850"},"modified":"2026-06-25T06:24:50","modified_gmt":"2026-06-24T21:24:50","slug":"%e9%85%8d%e5%bd%93%e5%88%a9%e5%9b%9e%e3%82%8a5%e8%b6%85%e3%81%ae%e3%83%9b%e3%83%b3%e3%83%80%e3%81%af%e3%80%8c%e7%bd%a0%e3%80%8d%e3%81%8b%e3%80%8c%e5%a0%b1%e9%85%ac%e3%80%8d%e3%81%8b","status":"publish","type":"post","link":"https:\/\/www.kabutec.jp\/blog\/?p=850","title":{"rendered":"\u914d\u5f53\u5229\u56de\u308a5%\u8d85\u306e\u30db\u30f3\u30c0\u306f\u300c\u7f60\u300d\u304b\u300c\u5831\u916c\u300d\u304b"},"content":{"rendered":"\n<style>\n  @import url('https:\/\/fonts.googleapis.com\/css2?family=Shippori+Mincho+B1:wght@500;600;700;800&family=Noto+Sans+JP:wght@400;500;700&display=swap');\n  #kt-honda{\n    --paper:#f7f5ef;\n    --card:#fffefb;\n    --ink:#16191e;\n    --navy:#1c3251;\n    --crimson:#b02a2f;\n    --crimson-d:#8e2125;\n    --brass:#937029;\n    --line:#ddd6c7;\n    --line-strong:#c7bfac;\n    --mute:#6b6e74;\n    --green:#3f6b4c;\n    --mincho:\"Shippori Mincho B1\",\"\u6e38\u660e\u671d\",\"YuMincho\",\"Hiragino Mincho ProN\",serif;\n    --gothic:\"Noto Sans JP\",\"Hiragino Kaku Gothic ProN\",\"Yu Gothic\",\"Meiryo\",sans-serif;\n  }\n  #kt-honda *{box-sizing:border-box;margin:0;padding:0}\n  #kt-honda{\n    font-family:var(--gothic);\n    color:var(--ink);\n    background:var(--paper);\n    line-height:1.95;\n    font-size:16.5px;\n    letter-spacing:.01em;\n    max-width:760px;\n    margin:0 auto;\n    padding:0 20px 72px;\n    -webkit-font-smoothing:antialiased;\n  }\n\n  \/* ---- \u30d8\u30c3\u30c0\u30fc ---- *\/\n  #kt-honda .kt-eyebrow{\n    display:flex;align-items:center;gap:10px;\n    font-family:var(--gothic);font-weight:700;\n    font-size:12.5px;letter-spacing:.14em;\n    color:var(--crimson);\n    padding-top:46px;margin-bottom:20px;\n  }\n  #kt-honda .kt-eyebrow .tick{flex:1;height:1px;background:var(--line-strong)}\n  #kt-honda .kt-code{\n    font-family:var(--gothic);font-weight:700;font-size:12.5px;\n    letter-spacing:.08em;color:var(--navy);\n    border:1px solid var(--navy);border-radius:3px;\n    padding:2px 8px;\n  }\n  #kt-honda h1.kt-title{\n    font-family:var(--mincho);font-weight:800;\n    font-size:clamp(27px,5.4vw,40px);\n    line-height:1.4;letter-spacing:.005em;\n    color:var(--ink);margin-bottom:18px;\n  }\n  #kt-honda h1.kt-title .em{color:var(--crimson)}\n  #kt-honda .kt-sub{\n    font-family:var(--mincho);font-size:clamp(15px,2.7vw,18px);\n    color:var(--navy);line-height:1.7;font-weight:600;\n    padding-left:16px;border-left:3px solid var(--brass);\n    margin-bottom:26px;\n  }\n  #kt-honda .kt-meta{\n    display:flex;flex-wrap:wrap;gap:8px 18px;\n    font-size:12.5px;color:var(--mute);\n    padding-bottom:26px;border-bottom:2px solid var(--ink);\n    margin-bottom:6px;\n  }\n  #kt-honda .kt-meta b{color:var(--navy);font-weight:700}\n\n  \/* ---- \u7d50\u8ad6\u30dc\u30c3\u30af\u30b9\uff08\u8a18\u4e8b\u306e\u30b7\u30b0\u30cd\u30c1\u30e3\uff09 ---- *\/\n  #kt-honda .kt-verdict{\n    background:var(--navy);color:#f4f1ea;\n    border-radius:6px;overflow:hidden;\n    margin:34px 0 40px;\n    box-shadow:0 18px 40px -22px rgba(28,50,81,.7);\n  }\n  #kt-honda .kt-verdict .vhead{\n    display:flex;align-items:baseline;gap:12px;flex-wrap:wrap;\n    padding:18px 26px 14px;\n    border-bottom:1px solid rgba(244,241,234,.18);\n  }\n  #kt-honda .kt-verdict .vlabel{\n    font-family:var(--gothic);font-weight:700;font-size:12px;\n    letter-spacing:.2em;color:#cdbf9a;\n  }\n  #kt-honda .kt-verdict .vtag{\n    font-family:var(--mincho);font-weight:800;\n    font-size:clamp(18px,3.6vw,24px);color:#fff;line-height:1.35;\n  }\n  #kt-honda .kt-verdict .vtag .hot{color:#ffb4a0}\n  #kt-honda .kt-verdict ol{\n    list-style:none;counter-reset:v;\n    padding:20px 26px 24px;\n  }\n  #kt-honda .kt-verdict ol li{\n    counter-increment:v;position:relative;\n    padding-left:40px;margin-bottom:16px;\n    font-size:15px;line-height:1.85;color:#ece8df;\n  }\n  #kt-honda .kt-verdict ol li:last-child{margin-bottom:0}\n  #kt-honda .kt-verdict ol li::before{\n    content:counter(v);position:absolute;left:0;top:1px;\n    width:25px;height:25px;border-radius:50%;\n    border:1.5px solid #cdbf9a;color:#cdbf9a;\n    font-family:var(--mincho);font-weight:700;font-size:14px;\n    display:flex;align-items:center;justify-content:center;\n  }\n  #kt-honda .kt-verdict ol li b{color:#fff;font-weight:700}\n  #kt-honda .kt-verdict ol li .crit{color:#ffb4a0;font-weight:700}\n\n  \/* ---- \u898b\u51fa\u3057 ---- *\/\n  #kt-honda h2{\n    font-family:var(--mincho);font-weight:800;\n    font-size:clamp(21px,4vw,27px);\n    line-height:1.45;color:var(--navy);\n    margin:52px 0 8px;padding-top:8px;\n  }\n  #kt-honda h2 .num{\n    font-family:var(--mincho);font-size:.62em;color:var(--crimson);\n    font-weight:700;margin-right:10px;letter-spacing:.05em;\n  }\n  #kt-honda .h2rule{height:2px;background:linear-gradient(90deg,var(--crimson),var(--line-strong) 60%,transparent);margin-bottom:24px}\n  #kt-honda h3{\n    font-family:var(--gothic);font-weight:700;\n    font-size:17.5px;color:var(--ink);\n    margin:30px 0 10px;padding-left:13px;\n    border-left:4px solid var(--navy);\n  }\n\n  \/* ---- \u672c\u6587 ---- *\/\n  #kt-honda p{margin-bottom:18px}\n  #kt-honda strong{font-weight:700;color:var(--ink);\n    background:linear-gradient(transparent 62%,rgba(147,112,41,.22) 62%)}\n  #kt-honda .crimson{color:var(--crimson);font-weight:700;background:none}\n  #kt-honda em{font-style:normal;font-weight:700;color:var(--navy);background:none}\n  #kt-honda a{color:var(--crimson);text-underline-offset:3px}\n\n  \/* ---- \u6570\u8868 ---- *\/\n  #kt-honda .kt-table{\n    width:100%;border-collapse:collapse;\n    font-size:14.5px;margin:8px 0 26px;\n    background:var(--card);border:1px solid var(--line);\n  }\n  #kt-honda .kt-table caption{\n    text-align:left;font-family:var(--gothic);font-weight:700;\n    font-size:13px;color:var(--mute);padding:0 0 9px;letter-spacing:.04em;\n  }\n  #kt-honda .kt-table th,#kt-honda .kt-table td{\n    padding:11px 14px;border-bottom:1px solid var(--line);text-align:left;\n  }\n  #kt-honda .kt-table thead th{\n    background:var(--navy);color:#f4f1ea;font-weight:700;\n    font-size:13px;letter-spacing:.05em;border-bottom:none;\n  }\n  #kt-honda .kt-table td.num,#kt-honda .kt-table th.num{\n    text-align:right;font-variant-numeric:tabular-nums;\n    font-family:var(--gothic);white-space:nowrap;\n  }\n  #kt-honda .kt-table tbody tr:last-child td{border-bottom:none}\n  #kt-honda .kt-table .neg{color:var(--crimson);font-weight:700}\n  #kt-honda .kt-table .row-emph td{background:#fbf6ee;font-weight:700}\n\n  \/* ---- \u914d\u5f53\u30ab\u30d0\u30ec\u30c3\u30b8\u56f3\uff08\u672c\u8a18\u4e8b\u56fa\u6709\u306e\u30b7\u30b0\u30cd\u30c1\u30e3\uff09 ---- *\/\n  #kt-honda .kt-cover{\n    background:var(--card);border:1px solid var(--line-strong);\n    border-radius:6px;padding:24px 22px 22px;margin:28px 0 30px;\n  }\n  #kt-honda .kt-cover .ctitle{\n    font-family:var(--mincho);font-weight:800;font-size:17px;\n    color:var(--navy);margin-bottom:4px;\n  }\n  #kt-honda .kt-cover .cnote{font-size:12.5px;color:var(--mute);margin-bottom:20px}\n  #kt-honda .kt-cover .cgrid{display:grid;grid-template-columns:1fr 1fr;gap:14px}\n  #kt-honda .kt-pane{border:1px solid var(--line);border-radius:5px;padding:15px 15px 17px;background:var(--paper)}\n  #kt-honda .kt-pane.bad{border-color:#e3c4c1;background:#fbf3f2}\n  #kt-honda .kt-pane.good{border-color:#cfdcd2;background:#f3f7f3}\n  #kt-honda .kt-pane .ph{font-weight:700;font-size:13.5px;margin-bottom:3px}\n  #kt-honda .kt-pane.bad .ph{color:var(--crimson)}\n  #kt-honda .kt-pane.good .ph{color:var(--green)}\n  #kt-honda .kt-pane .psub{font-size:11.5px;color:var(--mute);margin-bottom:14px;line-height:1.5}\n  #kt-honda .kt-bar{margin-bottom:11px}\n  #kt-honda .kt-bar .bl{display:flex;justify-content:space-between;font-size:11.5px;margin-bottom:4px}\n  #kt-honda .kt-bar .bl .v{font-variant-numeric:tabular-nums;font-weight:700}\n  #kt-honda .kt-track{height:9px;background:#e6e1d4;border-radius:5px;overflow:hidden;position:relative}\n  #kt-honda .kt-fill{height:100%;border-radius:5px}\n  #kt-honda .kt-fill.div{background:repeating-linear-gradient(45deg,var(--brass),var(--brass) 4px,#b08f4a 4px,#b08f4a 8px)}\n  #kt-honda .kt-fill.profit-bad{background:var(--crimson)}\n  #kt-honda .kt-fill.profit-good{background:var(--green)}\n  #kt-honda .kt-fill.loss{background:#5a5a5a}\n  #kt-honda .kt-pane .verdict-line{\n    margin-top:13px;padding-top:11px;border-top:1px dashed var(--line-strong);\n    font-size:12.5px;font-weight:700;line-height:1.55;\n  }\n  #kt-honda .kt-pane.bad .verdict-line{color:var(--crimson-d)}\n  #kt-honda .kt-pane.good .verdict-line{color:var(--green)}\n\n  \/* ---- \u5f15\u7528\/\u8ad6\u70b9\u30dc\u30c3\u30af\u30b9 ---- *\/\n  #kt-honda .kt-pull{\n    font-family:var(--mincho);font-weight:600;\n    font-size:clamp(17px,3.2vw,21px);line-height:1.7;\n    color:var(--navy);\n    border-top:2px solid var(--crimson);border-bottom:2px solid var(--crimson);\n    padding:20px 4px;margin:34px 0;text-align:center;\n  }\n  #kt-honda .kt-note{\n    background:#f0eee6;border-left:4px solid var(--brass);\n    padding:16px 20px;margin:24px 0;font-size:14.5px;border-radius:0 4px 4px 0;\n  }\n  #kt-honda .kt-note .nh{font-weight:700;color:var(--brass);font-size:13px;letter-spacing:.06em;margin-bottom:5px}\n\n  \/* ---- \u4e8c\u8f2a\u30fb\u672c\u4e38\u30dc\u30c3\u30af\u30b9 ---- *\/\n  #kt-honda .kt-crown{\n    background:linear-gradient(180deg,#fffefb,#f8f4ea);\n    border:1px solid var(--line-strong);border-radius:6px;\n    padding:22px 22px 20px;margin:28px 0;\n  }\n  #kt-honda .kt-crown .ch{font-family:var(--mincho);font-weight:800;font-size:18px;color:var(--brass);margin-bottom:6px}\n  #kt-honda .kt-crown .cstats{display:flex;flex-wrap:wrap;gap:12px;margin-top:16px}\n  #kt-honda .kt-crown .stat{flex:1;min-width:120px;border-left:2px solid var(--brass);padding-left:12px}\n  #kt-honda .kt-crown .stat .sv{font-family:var(--mincho);font-weight:800;font-size:23px;color:var(--navy);line-height:1.2}\n  #kt-honda .kt-crown .stat .sl{font-size:11.5px;color:var(--mute);margin-top:2px}\n\n  \/* ---- \u30c8\u30ea\u30ac\u30fc ---- *\/\n  #kt-honda .kt-trig{list-style:none;counter-reset:t;margin:18px 0 8px}\n  #kt-honda .kt-trig li{\n    counter-increment:t;position:relative;padding:14px 16px 14px 52px;\n    border:1px solid var(--line);border-left:3px solid var(--navy);\n    background:var(--card);margin-bottom:11px;border-radius:0 4px 4px 0;font-size:14.5px;line-height:1.7;\n  }\n  #kt-honda .kt-trig li::before{\n    content:\"T\"counter(t);position:absolute;left:14px;top:13px;\n    font-family:var(--mincho);font-weight:800;font-size:14px;color:var(--crimson);\n  }\n  #kt-honda .kt-trig li b{color:var(--navy)}\n\n  \/* ---- \u30d5\u30c3\u30bf\u30fc\/\u514d\u8cac ---- *\/\n  #kt-honda .kt-disc{\n    margin-top:46px;padding:18px 20px;background:#eceae2;\n    border-radius:5px;font-size:12px;color:var(--mute);line-height:1.75;\n  }\n  #kt-honda .kt-disc b{color:var(--ink)}\n  #kt-honda .kt-sign{\n    margin-top:30px;padding-top:20px;border-top:1px solid var(--line-strong);\n    font-family:var(--mincho);font-size:13px;color:var(--mute);text-align:right;\n  }\n\n  @media(max-width:560px){\n    #kt-honda{font-size:16px;padding:0 16px 56px}\n    #kt-honda .kt-cover .cgrid{grid-template-columns:1fr}\n    #kt-honda .kt-verdict ol li{padding-left:36px}\n  }\n<\/style>\n\n<article id=\"kt-honda\">\n\n  <div class=\"kt-eyebrow\">\n    <span>\u500b\u5225\u682a\u5206\u6790<\/span><span class=\"tick\"><\/span><span class=\"kt-code\">7267 \u6771\u8a3c\u30d7\u30e9\u30a4\u30e0<\/span>\n  <\/div>\n\n  <p class=\"kt-sub\">\u4e0a\u5834\u6765\u521d\u306e\u6700\u7d42\u8d64\u5b57\u30011.58\u5146\u5186\u306e&#8221;\u640d\u5207\u308a&#8221;\u2015\u2015\u305d\u308c\u3067\u3082\u682a\u4fa1\u306f\u6c7a\u7b97\u5f8c\u306b\u4e0a\u6607\u3057\u305f\u3002<br>\u5e02\u5834\u304cPBR0.45\u500d\u3067\u7a81\u304d\u3064\u3051\u308b\u300c\u4e0d\u4fe1\u4efb\u300d\u306e\u4e2d\u8eab\u3092\u3001\u914d\u5f53\u306e\u6301\u7d9a\u6027\u304b\u3089\u89e3\u5256\u3059\u308b\u3002<\/p>\n\n  <div class=\"kt-meta\">\n    <span><b>\u682a\u4fa1<\/b> 1,391.5\u5186<\/span>\n    <span><b>\u4e88\u60f3\u914d\u5f53\u5229\u56de\u308a<\/b> \u7d045.0%<\/span>\n    <span><b>PBR(\u5b9f\u7e3e)<\/b> 0.45\u500d<\/span>\n    <span><b>\u6642\u4fa1\u7dcf\u984d<\/b> \u7d046.3\u5146\u5186<\/span>\n    <span>\u203b2026\u5e746\u670824\u65e5\u7d42\u5024<\/span>\n  <\/div>\n\n  <!-- ============ \u7d50\u8ad6\u30dc\u30c3\u30af\u30b9 ============ -->\n  <div class=\"kt-verdict\">\n    <div class=\"vhead\">\n      <span class=\"vlabel\">\u7d50 \u8ad6<\/span>\n      <span class=\"vtag\">\u5999\u5473\u3042\u308a\u3002\u305f\u3060\u3057&#8221;\u5897\u914d\u682a&#8221;\u3067\u306f\u306a\u304f<br><span class=\"hot\">\u300c\u640d\u5207\u308a\u6e08\u307f\u306e\u5272\u5b89\u682a\u300d<\/span>\u3068\u3057\u3066\u5411\u304d\u5408\u3048<\/span>\n    <\/div>\n    <ol>\n      <li>\u5229\u56de\u308a\u7d045%\u306f<b>\u672c\u7269<\/b>\u3060\u3002\u3060\u304c\u3053\u308c\u306f\u5897\u914d\u3092\u7d9a\u3051\u308b\u512a\u826f\u682a\u3067\u306f\u306a\u304f\u3001<b>\u52dd\u3066\u306a\u3044\u6226\u5834\uff08EV\uff09\u304b\u3089\u64a4\u9000\u3057\u305f\u5272\u5b89\u682a<\/b>\u3067\u3042\u308b\u3002\u8cb7\u3046\u7406\u7531\u306f\u300c\u6210\u9577\u300d\u3067\u306f\u306a\u304f\u300c\u5272\u5b89\u3055\u3068\u914d\u5f53\u300d\u2015\u2015\u3053\u306e\u6027\u683c\u3092\u53d6\u308a\u9055\u3048\u308b\u3068\u5224\u65ad\u3092\u8aa4\u308b\u3002<\/li>\n      <li>\u914d\u5f53\u3092\u652f\u3048\u3066\u3044\u308b\u306e\u306f\u5831\u544a\u7d14\u5229\u76ca\u3067\u306f\u306a\u3044\u3002<b>DOE3.0%\u65b9\u91dd\u30fb\u30cd\u30c3\u30c8\u30ad\u30e3\u30c3\u30b7\u30e53.3\u5146\u5186\u30fb\u8abf\u6574\u5f8c\u55b6\u696d\u5229\u76ca1\u5146\u5186<\/b>\u306e\u4e09\u70b9\u3067\u3042\u308b\u3002<span class=\"crit\">\u5831\u544a\u5229\u76ca\u30d9\u30fc\u30b9\u306e\u914d\u5f53\u6027\u5411\u306fFY27\u4e88\u60f3\u3067\u3082\u7d04121%\u2015\u2015\u300c\u5229\u76ca\u3067\u914d\u5f53\u3092\u8cc4\u3048\u3066\u3044\u306a\u3044\u300d\u4e8b\u5b9f\u304b\u3089\u76ee\u3092\u9038\u3089\u3057\u3066\u306f\u306a\u3089\u306a\u3044\u3002<\/span><\/li>\n      <li>\u300c\u5f85\u3064\u3053\u3068\u3078\u306e\u5831\u916c\u300d\u3068\u3057\u3066\u62bc\u3057\u76ee\u3067\u306e\u6253\u8a3a\u8cb7\u3044\u306b\u306f\u5999\u5473\u304c\u3042\u308b\u3002\u672c\u547d\u306e\u554f\u3044\u306f<b>\u4e8c\u8f2a\u3068\u5185\u71c3\u6a5f\u95a2\u3078\u306e&#8221;\u64a4\u9000&#8221;\u304c\u594f\u529f\u3059\u308b\u304b<\/b>\u3002\u6e1b\u914d\u30ea\u30b9\u30af\u3092\u5185\u5305\u3057\u305f\u9ad8\u914d\u5f53\u682a\u3068\u3057\u3066\u3001<b>\u898f\u5f8b\u3042\u308b\u30b5\u30a4\u30b8\u30f3\u30b0<\/b>\u3067\u81e8\u3080\u3079\u304d\u9298\u67c4\u3060\u3002<\/li>\n    <\/ol>\n  <\/div>\n\n  <!-- ============ 1 ============ -->\n  <h2><span class=\"num\">01<\/span>\u6570\u5b57\u3067\u898b\u308b\u3001\u30db\u30f3\u30c0\u306e\u73fe\u5728\u5730<\/h2>\n  <div class=\"h2rule\"><\/div>\n\n  <p>\u307e\u305a\u4e8b\u5b9f\u3092\u4e26\u3079\u308b\u3002\u682a\u4fa1\u306f<strong>1,391.5\u5186<\/strong>\uff086\/24\u7d42\u5024\uff09\u3001\u4e88\u60f3\u5e74\u9593\u914d\u5f53\u306f<strong>70\u5186<\/strong>\u3002\u5229\u56de\u308a\u306f<strong>\u7d045.0%<\/strong>\uff0870\u00f71,391.5\u30675.03%\uff09\u3068\u30015%\u3092\u308f\u305a\u304b\u306b\u4e0a\u56de\u308b\u6c34\u6e96\u306b\u3042\u308b\u3002PBR\u306f<strong>\u5b9f\u7e3e0.45\u500d<\/strong>\u3001\u4e88\u60f3ROE\u306f2.2%\u3002\u6642\u4fa1\u7dcf\u984d\u306f\u7d046.3\u5146\u5186\u2015\u2015\u30c8\u30e8\u30bf\u306b\u6b21\u3050\u65e5\u672c\u7b2c2\u4f4d\u306e\u81ea\u52d5\u8eca\u30e1\u30fc\u30ab\u30fc\u304c\u3001\u89e3\u6563\u4fa1\u5024\u306e\u534a\u5024\u4ee5\u4e0b\u3067\u653e\u7f6e\u3055\u308c\u3066\u3044\u308b\u3002<\/p>\n\n  <p>\u3053\u306e\u300c\u5229\u56de\u308a5%\u30fbPBR0.45\u500d\u300d\u3068\u3044\u3046\u7d44\u307f\u5408\u308f\u305b\u306f\u3001\u4e8c\u3064\u306e\u76f8\u53cd\u3059\u308b\u89e3\u91c8\u3092\u547c\u3076\u3002\u3072\u3068\u3064\u306f\u300c\u512a\u826f\u5927\u578b\u682a\u304c\u53e9\u304d\u58f2\u3089\u308c\u305f\u3001\u7d76\u597d\u306e\u9ad8\u914d\u5f53\u30d0\u30ea\u30e5\u30fc\u300d\u3002\u3082\u3046\u3072\u3068\u3064\u306f\u300c\u8d64\u5b57\u4f01\u696d\u304c\u7121\u7406\u306b\u914d\u5f53\u3092\u7d9a\u3051\u3066\u3044\u308b\u3060\u3051\u306e\u3001\u6e1b\u914d\u5fc5\u81f3\u306e\u5730\u96f7\u300d\u3002<em>\u672c\u7a3f\u306e\u7acb\u5834\u306f\u3001\u305d\u306e\u3069\u3061\u3089\u3082\u6b63\u78ba\u3067\u306f\u306a\u3044\u3001\u3068\u3044\u3046\u3082\u306e\u3060\u3002<\/em><\/p>\n\n  <table class=\"kt-table\">\n    <caption>\u88681\uff1a\u30db\u30f3\u30c0(7267) \u30d5\u30a1\u30f3\u30c0\u30e1\u30f3\u30bf\u30eb\u30ba\u30fb\u30b5\u30de\u30ea\u30fc<\/caption>\n    <thead>\n      <tr><th>\u9805\u76ee<\/th><th class=\"num\">FY2026\u5b9f\u7e3e<br>(2026\u5e743\u6708\u671f)<\/th><th class=\"num\">FY2027\u4f1a\u793e\u4e88\u60f3<br>(2027\u5e743\u6708\u671f)<\/th><\/tr>\n    <\/thead>\n    <tbody>\n      <tr><td>\u58f2\u4e0a\u53ce\u76ca<\/td><td class=\"num\">21\u51467,966\u5104\u5186<\/td><td class=\"num\">23\u51461,500\u5104\u5186<\/td><\/tr>\n      <tr><td>\u55b6\u696d\u640d\u76ca<\/td><td class=\"num neg\">\u25b24,143\u5104\u5186<\/td><td class=\"num\">5,000\u5104\u5186<\/td><\/tr>\n      <tr><td>\u5f53\u671f\u7d14\u640d\u76ca(\u89aa\u4f1a\u793e\u5e30\u5c5e)<\/td><td class=\"num neg\">\u25b24,239\u5104\u5186<\/td><td class=\"num\">2,600\u5104\u5186<\/td><\/tr>\n      <tr class=\"row-emph\"><td>EV\u95a2\u9023\u640d\u5931(\u55b6\u696d\u5f71\u97ff)<\/td><td class=\"num neg\">\u25b21\u51464,536\u5104\u5186<\/td><td class=\"num neg\">\u25b25,000\u5104\u5186<\/td><\/tr>\n      <tr class=\"row-emph\"><td>\u8abf\u6574\u5f8c\u55b6\u696d\u5229\u76ca(EV\u640d\u5931\u9664\u304f)<\/td><td class=\"num\">1\u5146393\u5104\u5186<\/td><td class=\"num\">1\u5146\u5186<\/td><\/tr>\n      <tr class=\"row-emph\"><td>\u8abf\u6574\u5f8c\u5f53\u671f\u7d14\u5229\u76ca(\u540c)<\/td><td class=\"num\">7,955\u5104\u5186<\/td><td class=\"num\">6,200\u5104\u5186<\/td><\/tr>\n      <tr><td>1\u682a\u914d\u5f53<\/td><td class=\"num\">70\u5186<\/td><td class=\"num\">70\u5186(\u7dad\u6301)<\/td><\/tr>\n      <tr><td>\u7c73\u56fd\u8ffd\u52a0\u95a2\u7a0e\u306e\u5f71\u97ff<\/td><td class=\"num neg\">\u25b23,469\u5104\u5186<\/td><td class=\"num\">\u524d\u63d0\u306b\u7e54\u8fbc<\/td><\/tr>\n    <\/tbody>\n  <\/table>\n\n  <p>\u88681\u306e\u5999\u5473\u306f\u3001\u30db\u30f3\u30c0\u81ea\u8eab\u304c\u300cEV\u95a2\u9023\u640d\u5931\u3092\u9664\u3044\u305f\u8abf\u6574\u5f8c\u5229\u76ca\u300d\u3092\u4f75\u8a18\u3057\u3066\u3044\u308b\u70b9\u306b\u3042\u308b\u3002\u4f1a\u793e\u5074\u304c\u300c\u672c\u6765\u306e\u4e8b\u696d\u5b9f\u614b\u304c\u898b\u3048\u3065\u3089\u3044\u300d\u3068\u8a8d\u3081\u3001\u4e8c\u6bb5\u7d44\u307f\u3067\u958b\u793a\u3057\u305f\u306e\u3060\u3002<strong>\u3053\u306e\u4e00\u884c\u3053\u305d\u3001\u30db\u30f3\u30c0\u682a\u3092\u8aad\u3080\u305f\u3081\u306e\u9375<\/strong>\u306b\u306a\u308b\u3002\u672c\u696d\uff08EV\u3092\u9664\u3044\u305f\u7a3c\u3050\u529b\uff09\u306f1\u5146\u5186\u898f\u6a21\u3092\u7dad\u6301\u3057\u3066\u3044\u308b\u3002\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u3001\u898b\u51fa\u3057\u306f\u300c\u4e0a\u5834\u6765\u521d\u306e\u8d64\u5b57\u300d\u3060\u3063\u305f\u3002\u306a\u305c\u304b\u3002<\/p>\n\n  <!-- ============ 2 ============ -->\n  <h2><span class=\"num\">02<\/span>\u300c\u4e0a\u5834\u6765\u521d\u306e\u8d64\u5b57\u300d\u306e\u6b63\u4f53\u2015\u2015\u3053\u308c\u306f&#8221;\u640d\u5207\u308a&#8221;\u3067\u3042\u3063\u3066&#8221;\u6557\u5317&#8221;\u3067\u306f\u306a\u3044<\/h2>\n  <div class=\"h2rule\"><\/div>\n\n  <p>2026\u5e743\u6708\u671f\u3001\u30db\u30f3\u30c0\u306f1957\u5e74\u306e\u6771\u8a3c\u4e0a\u5834\u4ee5\u6765\u521d\u3081\u3066\u3001\u55b6\u696d\u30fb\u6700\u7d42\u3068\u3082\u306b\u8d64\u5b57\u306b\u8ee2\u843d\u3057\u305f\u3002\u539f\u56e0\u306f\u660e\u5feb\u3067\u3001<strong>\u5408\u8a081\u51465,778\u5104\u5186\u306b\u306e\u307c\u308bEV\u95a2\u9023\u640d\u5931\u306e\u4e00\u62ec\u8a08\u4e0a<\/strong>\u3067\u3042\u308b\u3002\u3060\u304c\u3053\u306e\u4e2d\u8eab\u3092\u8aad\u3080\u3068\u3001\u5370\u8c61\u306f\u307e\u3063\u305f\u304f\u5909\u308f\u308b\u3002<\/p>\n\n  <p>\u640d\u5931\u306e\u6b63\u4f53\u306f\u3001<strong>\u5317\u7c73\u3067\u751f\u7523\u4e88\u5b9a\u3060\u3063\u305fEV3\u8eca\u7a2e\u2015\u2015\u300cHonda 0 Saloon\u300d\u300cHonda 0 SUV\u300d\u300cAcura RSX\u300d\u2015\u2015\u306e\u958b\u767a\u30fb\u767a\u58f2\u4e2d\u6b62<\/strong>\u306b\u4f34\u3046\u8cc7\u7523\u306e\u6e1b\u640d\u30fb\u9664\u5374\u640d\u3001\u305d\u3057\u3066\u90e8\u54c1\u30e1\u30fc\u30ab\u30fc\u3078\u306e\u88dc\u511f\u91d1\u3060\u3002\u7b2c3\u56db\u534a\u671f\u307e\u3067\u306fGM\u3068\u306e\u5171\u540c\u958b\u767aEV\u306e\u88fd\u9020\u7d42\u4e86\u306b\u7d61\u3080\u5f15\u5f53\u30fb\u6e1b\u640d\u304c\u4e2d\u5fc3\u3067\u3001\u7b2c4\u56db\u534a\u671f\u306b1.3\u5146\u5186\u8d85\u3092\u8ffd\u52a0\u8a08\u4e0a\u3057\u305f\u3002<em>\u58f2\u308c\u884c\u304d\u304c\u60aa\u304f\u3066\u51fa\u305f\u8d64\u5b57\u3067\u306f\u306a\u3044\u3002\u300c\u5c06\u6765\u52dd\u3066\u306a\u3044\u6226\u7565\u3092\u3001\u3044\u307e\u6368\u3066\u305f\u300d\u3053\u3068\u306b\u3088\u308b\u640d\u5207\u308a\u3067\u3042\u308b\u3002<\/em>\u4e09\u90e8\u654f\u5b8f\u793e\u9577\u306f\u3053\u308c\u3092\u300c\u5c06\u6765\u306e\u640d\u5931\u3092\u56de\u907f\u3059\u308b\u305f\u3081\u306e\u8fc5\u901f\u306a\u518d\u6574\u7406\u300d\u3068\u8868\u73fe\u3057\u305f\u3002<\/p>\n\n  <p>\u540c\u6642\u306b\u30db\u30f3\u30c0\u306f\u3001\u9577\u5e74\u63b2\u3052\u3066\u304d\u305f<strong>\u300c2040\u5e74\u306bEV\u30fbFCV\u6bd4\u7387100%\u300d\u3068\u3044\u3046\u8131\u30a8\u30f3\u30b8\u30f3\u76ee\u6a19\u3092\u300c\u73fe\u5b9f\u7684\u306b\u306f\u9054\u6210\u56f0\u96e3\u300d<\/strong>\u3068\u3057\u3066\u4e8b\u5b9f\u4e0a\u64a4\u56de\u3002\u4eca\u5f8c3\u5e74\u3067\u6295\u3058\u308b6.2\u5146\u5186\u306e\u30ea\u30bd\u30fc\u30b9\u3092\u30cf\u30a4\u30d6\u30ea\u30c3\u30c9\u3078\u518d\u914d\u5206\u3057\u3001\u6b21\u4e16\u4ee3e:HEV\u306e\u30b7\u30b9\u30c6\u30e0\u30b3\u30b9\u30c8\u30922023\u5e74\u6bd430%\u524a\u6e1b\u3001\u91cd\u70b9\u5730\u57df\u3092\u5317\u7c73\u30fb\u65e5\u672c\u30fb\u30a4\u30f3\u30c9\u306b\u5b9a\u3081\u305f\u3002\u300cEV\u306e\u30db\u30f3\u30c0\u300d\u304b\u3089\u300c\u30cf\u30a4\u30d6\u30ea\u30c3\u30c9\u306e\u30db\u30f3\u30c0\u300d\u3078\u306e\u56de\u5e30\u3067\u3042\u308b\u3002<\/p>\n\n  <h3>\u5175\u6cd5\u304b\u3089\u8aad\u3080\u2015\u2015&#8221;\u52dd\u3066\u306a\u3044\u6226\u5834&#8221;\u304b\u3089\u306e\u64a4\u9000<\/h3>\n\n  <p>\u3053\u306e\u52d5\u304d\u306f\u3001\u8ecd\u4e8b\u6226\u7565\u306e\u8996\u70b9\u3067\u898b\u308b\u3068\u4e00\u6c17\u306b\u8151\u306b\u843d\u3061\u308b\u3002\u6226\u3044\u306b\u306f\u53e4\u304f\u304b\u3089\u306e\u9244\u5247\u304c\u3042\u308b\u2015\u2015<em>\u300c\u81ea\u8ecd\u304c\u6700\u3082\u5f37\u3044\u5834\u6240\u3067\u6226\u3048\u300d\u300c\u653b\u3081\u304c\u4f38\u3073\u304d\u3063\u305f\u8ecd\u306f\u3001\u304b\u3048\u3063\u3066\u8106\u304f\u306a\u308b\u300d<\/em>\u3002\u30db\u30f3\u30c0\u306f\u300c2040\u5e74EV100%\u300d\u3068\u3044\u3046\u65d7\u306e\u4e0b\u3067\u3001\u81ea\u3089\u306e\u4e3b\u6226\u5834\u3092\u7d14EV\u3078\u79fb\u305d\u3046\u3068\u3057\u305f\u3002\u3060\u304c\u305d\u3053\u306f\u3001BYD\u306e\u898f\u6a21\u3068\u30b3\u30b9\u30c8\u3001\u4e2d\u56fd\u306e\u96fb\u6c60\u30b5\u30d7\u30e9\u30a4\u30c1\u30a7\u30fc\u30f3\u3001\u30c6\u30b9\u30e9\u306e\u30bd\u30d5\u30c8\u30a6\u30a7\u30a2\u304c\u5727\u5012\u7684\u306b\u5f37\u3044\u571f\u4ff5\u3060\u3002<strong>\u52dd\u3061\u76ee\u306e\u8584\u3044\u6226\u5834\u3078\u653b\u3081\u8fbc\u307f\u3001\u6226\u7dda\u306f\u4f38\u3073\u304d\u3063\u3066\u3044\u305f\u3002<\/strong><\/p>\n\n  <p>\u300e\u6226\u4e89\u8ad6\u300f\u3067\u77e5\u3089\u308c\u308b\u6226\u7565\u5bb6\u30af\u30e9\u30a6\u30bc\u30f4\u30a3\u30c3\u30c4\u306f\u8a00\u3046\u3002<strong>\u8a08\u753b\u3055\u308c\u305f\u300c\u3088\u308a\u5f37\u3044\u9663\u5730\u3078\u306e\u64a4\u9000\u300d\u306f\u3001\u6557\u5317\u3067\u306f\u306a\u304f\u6226\u529b\u306e\u4fdd\u5168\u3067\u3042\u308b<\/strong>\u3068\u3002\u30db\u30f3\u30c0\u306e\u672c\u5f53\u306e\u5f37\u307f\u306f\u3001\u306f\u3058\u3081\u304b\u3089EV\u3067\u306f\u306a\u304b\u3063\u305f\u3002\u30a8\u30f3\u30b8\u30f3\u3068\u30cf\u30a4\u30d6\u30ea\u30c3\u30c9\u306e\u6280\u8853\u3001\u305d\u3057\u3066\u4e16\u754c\u4e00\u306e\u4e8c\u8f2a\u4e8b\u696d\u2015\u2015\u3053\u3053\u306b\u3053\u305d\u3001\u63fa\u308b\u304c\u306c\u512a\u4f4d\u304c\u3042\u308b\u30021.58\u5146\u5186\u306f\u3001\u4f38\u3073\u304d\u3063\u305f\u6226\u7dda\u3092\u7573\u307f\u3001\u52dd\u3066\u308b\u5834\u6240\u3078\u623b\u308b\u305f\u3081\u306e&#8221;\u64a4\u9000\u306e\u4ee3\u511f&#8221;\u3060\u3002\u554f\u3046\u3079\u304d\u306f\u640d\u5931\u306e\u5927\u304d\u3055\u3067\u306f\u306a\u3044\u3002<em>\u64a4\u9000\u3057\u305f\u5148\u306e\u9663\u5730\u304c\u3001\u672c\u5f53\u306b\u5805\u3044\u306e\u304b\u3069\u3046\u304b<\/em>\u3067\u3042\u308b\u3002\u305d\u3057\u3066\u8abf\u6574\u5f8c\u55b6\u696d\u5229\u76ca1\u5146\u5186\u3068\u3044\u3046\u6570\u5b57\u306f\u3001\u305d\u306e\u9663\u5730\u306b\u78ba\u304b\u306a\u5f37\u5ea6\u304c\u3042\u308b\u3053\u3068\u3092\u793a\u3057\u3066\u3044\u308b\u3002<\/p>\n\n  <p>\u5e02\u5834\u3082\u3053\u308c\u3092\u7406\u89e3\u3057\u305f\u3002\u6c7a\u7b97\u7fcc\u65e5\u3001\u682a\u4fa1\u306f\u3080\u3057\u308d<strong>\u7d049%\u4e0a\u6607<\/strong>\u3057\u305f\u3002QUICK\u30b3\u30f3\u30bb\u30f3\u30b5\u30b9\u306f356\u5104\u5186\u306e\u6700\u7d42\u8d64\u5b57\u3060\u3063\u305f\u3068\u3053\u308d\u3001\u4f1a\u793e\u4e88\u60f3\u306f2,600\u5104\u5186\u306e\u9ed2\u5b57\u2015\u2015\u5e02\u5834\u4e88\u60f3\u30923,000\u5104\u5186\u8fd1\u304f\u4e0a\u56de\u308bFY27\u30ac\u30a4\u30c0\u30f3\u30b9\u304c\u51fa\u305f\u305f\u3081\u3060\u30023\u670812\u65e5\u306e\u696d\u7e3e\u4fee\u6b63\u3067\u300c\u4eca\u671f\u30fb\u6765\u671f\u5408\u8a08\u3067\u6700\u59272.5\u5146\u5186\u306e\u640d\u5931\u53ef\u80fd\u6027\u300d\u3092\u4e88\u544a\u6e08\u307f\u3060\u3063\u305f\u3053\u3068\u3082\u3001\u30b7\u30e7\u30c3\u30af\u3092\u548c\u3089\u3052\u305f\u3002<\/p>\n\n  <!-- ============ 3 ============ -->\n  <h2><span class=\"num\">03<\/span>\u5229\u56de\u308a5%\u306f\u6301\u7d9a\u53ef\u80fd\u304b\u2015\u2015\u300c\u5831\u544a\u5229\u76ca\u3067\u306f\u8cc4\u3048\u306a\u3044\u300d\u3068\u3044\u3046\u4e0d\u90fd\u5408\u306a\u771f\u5b9f<\/h2>\n  <div class=\"h2rule\"><\/div>\n\n  <p>\u3053\u3053\u304c\u672c\u7a3f\u306e\u6838\u5fc3\u3060\u3002\u914d\u5f53\u306e\u6301\u7d9a\u6027\u3092\u3001\u611f\u60c5\u3067\u306f\u306a\u304f\u6570\u5b57\u3067\u8a70\u3081\u308b\u3002<\/p>\n\n  <p>\u5e74\u9593\u914d\u5f53\u7dcf\u984d\u306f\u6982\u7b97\u3067<strong>\u7d043,150\u5104\u5186<\/strong>\uff0870\u5186\u00d7\u7d0445\u5104\u682a\uff09\u3002\u3053\u308c\u3092\u305d\u308c\u305e\u308c\u306e\u5229\u76ca\u3068\u7a81\u304d\u5408\u308f\u305b\u308b\u3068\u3001\u307e\u3063\u305f\u304f\u7570\u306a\u308b\u4e8c\u3064\u306e\u9854\u304c\u73fe\u308c\u308b\u3002<\/p>\n\n  <div class=\"kt-cover\">\n    <div class=\"ctitle\">\u914d\u5f533,150\u5104\u5186\u306f\u3001\u4f55\u3067\u8cc4\u308f\u308c\u3066\u3044\u308b\u304b<\/div>\n    <div class=\"cnote\">\u540c\u3058\u914d\u5f53\u3067\u3082\u3001\u300c\u5831\u544a\u5229\u76ca\u300d\u3068\u300cEV\u640d\u5931\u3092\u9664\u3044\u305f\u8abf\u6574\u5f8c\u5229\u76ca\u300d\u3067\u306f\u6301\u7d9a\u6027\u306e\u8a55\u4fa1\u304c\u6b63\u53cd\u5bfe\u306b\u306a\u308b\uff08FY2027\u4f1a\u793e\u4e88\u60f3\u30d9\u30fc\u30b9\uff09<\/div>\n    <div class=\"cgrid\">\n      <div class=\"kt-pane bad\">\n        <div class=\"ph\">\u2460 \u5831\u544a\u7d14\u5229\u76ca\u30d9\u30fc\u30b9<\/div>\n        <div class=\"psub\">\u6c7a\u7b97\u66f8\u306b\u8f09\u308b\u3001\u305d\u306e\u307e\u307e\u306e\u6700\u7d42\u5229\u76ca\u3067\u898b\u308b\u3068<\/div>\n        <div class=\"kt-bar\">\n          <div class=\"bl\"><span>\u5e74\u9593\u914d\u5f53\u7dcf\u984d<\/span><span class=\"v\">\u7d043,150\u5104\u5186<\/span><\/div>\n          <div class=\"kt-track\"><div class=\"kt-fill div\" style=\"width:100%\"><\/div><\/div>\n        <\/div>\n        <div class=\"kt-bar\">\n          <div class=\"bl\"><span>FY27 \u5831\u544a\u7d14\u5229\u76ca<\/span><span class=\"v\">2,600\u5104\u5186<\/span><\/div>\n          <div class=\"kt-track\"><div class=\"kt-fill profit-bad\" style=\"width:82%\"><\/div><\/div>\n        <\/div>\n        <div class=\"verdict-line\">\u914d\u5f53\u6027\u5411 \u7d04121%<br>\u5229\u76ca\u304c\u914d\u5f53\u3092\u4e0b\u56de\u308b\uff1d\u8cc4\u3048\u3066\u3044\u306a\u3044<\/div>\n      <\/div>\n      <div class=\"kt-pane good\">\n        <div class=\"ph\">\u2461 \u8abf\u6574\u5f8c\u7d14\u5229\u76ca\u30d9\u30fc\u30b9<\/div>\n        <div class=\"psub\">\u4e00\u904e\u6027\u306eEV\u640d\u5931\u3092\u9664\u3044\u305f\u3001\u672c\u696d\u306e\u7a3c\u3050\u529b\u3067\u898b\u308b\u3068<\/div>\n        <div class=\"kt-bar\">\n          <div class=\"bl\"><span>\u5e74\u9593\u914d\u5f53\u7dcf\u984d<\/span><span class=\"v\">\u7d043,150\u5104\u5186<\/span><\/div>\n          <div class=\"kt-track\"><div class=\"kt-fill div\" style=\"width:51%\"><\/div><\/div>\n        <\/div>\n        <div class=\"kt-bar\">\n          <div class=\"bl\"><span>FY27 \u8abf\u6574\u5f8c\u7d14\u5229\u76ca<\/span><span class=\"v\">6,200\u5104\u5186<\/span><\/div>\n          <div class=\"kt-track\"><div class=\"kt-fill profit-good\" style=\"width:100%\"><\/div><\/div>\n        <\/div>\n        <div class=\"verdict-line\">\u914d\u5f53\u6027\u5411 \u7d0451%<br>\u672c\u696d\u306e\u5229\u76ca\u3067\u5341\u5206\u306b\u30ab\u30d0\u30fc<\/div>\n      <\/div>\n    <\/div>\n  <\/div>\n\n  <p>\u3064\u307e\u308a\u2015\u2015<strong>\u9ed2\u5b57\u8ee2\u63db\u3059\u308bFY2027\u3067\u3059\u3089\u3001\u6c7a\u7b97\u66f8\u306b\u8f09\u308b\u5831\u544a\u7d14\u5229\u76ca(2,600\u5104\u5186)\u306f\u914d\u5f53(\u7d043,150\u5104\u5186)\u3092\u4e0b\u56de\u308b<\/strong>\u3002\u5831\u544a\u30d9\u30fc\u30b9\u306e\u914d\u5f53\u6027\u5411\u306f\u7d04121%\u3002\u300c\u5229\u76ca\u3092\u8d85\u3048\u3066\u914d\u5f53\u3092\u6255\u3063\u3066\u3044\u308b\u300d\u72b6\u614b\u3060\u3002\u524d\u671f(FY26)\u306b\u81f3\u3063\u3066\u306f\u6700\u7d42\u8d64\u5b57\u306a\u306e\u3060\u304b\u3089\u3001\u914d\u5f53\u6027\u5411\u306f\u8a08\u7b97\u3059\u308b\u610f\u5473\u3059\u3089\u306a\u3044\u3002<\/p>\n\n  <p>\u3067\u306f\u3001\u3053\u306e\u914d\u5f53\u306f\u7802\u4e0a\u306e\u697c\u95a3\u306a\u306e\u304b\u3002\u305d\u3046\u3068\u3082\u8a00\u3044\u5207\u308c\u306a\u3044\u3002\u914d\u5f53\u3092\u652f\u3048\u308b\u571f\u53f0\u306f\u4e09\u3064\u3042\u308b\u3002<\/p>\n\n  <p><strong>\u7b2c\u4e00\u306b\u3001DOE3.0%\u3068\u3044\u3046\u914d\u5f53\u65b9\u91dd\u3002<\/strong>\u30db\u30f3\u30c0\u306fFY26\u304b\u3089\u3001\u5229\u76ca\u3067\u306f\u306a\u304f\u81ea\u5df1\u8cc7\u672c\u306b\u9023\u52d5\u3059\u308bDOE\uff08\u8abf\u6574\u5f8c\u89aa\u4f1a\u793e\u6240\u6709\u8005\u5e30\u5c5e\u6301\u5206\u914d\u5f53\u7387\uff09\u3092\u76ee\u5b893.0%\u3068\u3057\u3066\u5c0e\u5165\u3057\u305f\u3002\u3053\u308c\u306f\u300c\u4e00\u904e\u6027\u306e\u640d\u5931\u30671\u5e74\u3060\u3051\u5229\u76ca\u304c\u51f9\u3093\u3067\u3082\u3001\u914d\u5f53\u306f\u8cc7\u672c\u6c34\u6e96\u306b\u5fdc\u3058\u3066\u5b89\u5b9a\u7684\u306b\u51fa\u3059\u300d\u3068\u3044\u3046\u8a2d\u8a08\u3067\u3042\u308a\u3001<em>\u307e\u3055\u306b\u4eca\u56de\u306e\u3088\u3046\u306a\u610f\u56f3\u7684\u306a\u640d\u5207\u308a\u3092\u884c\u3046\u5c40\u9762\u306b\u9069\u5408\u3057\u305f\u65b9\u91dd<\/em>\u3060\u3002\u3060\u304b\u3089\u3053\u305d\u4f1a\u793e\u306f\u6700\u7d42\u8d64\u5b57\u4e0b\u3067\u308270\u5186\u3092\u7dad\u6301\u3067\u304d\u305f\u3002<\/p>\n\n  <p><strong>\u7b2c\u4e8c\u306b\u3001\u30cd\u30c3\u30c8\u30ad\u30e3\u30c3\u30b7\u30e53.3\u5146\u5186\u3068\u3044\u3046\u8ca1\u52d9\u306e\u539a\u307f\u3002<\/strong>\u91d1\u878d\u30b5\u30fc\u30d3\u30b9\u3092\u9664\u3044\u305f\u4e8b\u696d\u4f1a\u793e\u30d9\u30fc\u30b9\u3067\u3001\u624b\u5143\u8cc7\u91d1\u304b\u3089\u6709\u5229\u5b50\u8ca0\u50b5\u3092\u5f15\u3044\u305f\u30cd\u30c3\u30c8\u30ad\u30e3\u30c3\u30b7\u30e5\u304c3.3\u5146\u5186\u3002\u624b\u5143\u8cc7\u91d1\u306f4\u5146\u5186\u8d85\u3001\u4e8b\u696d\u4f1a\u793e\u306e\u81ea\u5df1\u8cc7\u672c\u6bd4\u7387\u306f55%\u3002CFO\u306f\u300c\u6765\u671f\u3082\u4eca\u671f\u4e26\u307f\u306e\u55b6\u696d\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u3092\u7a3c\u3052\u308b\u3002\u5065\u5168\u6027\u306f\u5b89\u5fc3\u3057\u3066\u307b\u3057\u3044\u300d\u3068\u660e\u8a00\u3057\u3066\u3044\u308b\u3002\u914d\u5f53\u7dcf\u984d3,150\u5104\u5186\u306f\u3001\u3053\u306e\u30ad\u30e3\u30c3\u30b7\u30e5\u5275\u51fa\u529b\u306e\u524d\u3067\u306f\u5341\u5206\u306b\u5c0f\u3055\u3044\u3002<\/p>\n\n  <p><strong>\u7b2c\u4e09\u306b\u3001\u8abf\u6574\u5f8c\u55b6\u696d\u5229\u76ca1\u5146\u5186\u3068\u3044\u3046\u672c\u696d\u306e\u5730\u529b\u3002<\/strong>\u4e0a\u306e\u56f3\u2461\u304c\u793a\u3059\u901a\u308a\u3001EV\u640d\u5207\u308a\u3092\u9664\u3051\u3070\u672c\u696d\u306e\u7a3c\u3050\u529b\u306f\u5065\u5728\u3067\u3001\u8abf\u6574\u5f8c\u30d9\u30fc\u30b9\u306e\u914d\u5f53\u6027\u5411\u306f40\u301c50%\u53f0\u306b\u53ce\u307e\u308b\u3002<\/p>\n\n  <div class=\"kt-pull\">\u914d\u5f53\u306f\u300c\u5229\u76ca\u300d\u3067\u306f\u8cc4\u3048\u3066\u3044\u306a\u3044\u3002<br>\u3060\u304c\u300c\u672c\u696d\u306e\u5730\u529b\u300d\u3068\u300c\u30ad\u30e3\u30c3\u30b7\u30e5\u300d\u3068\u300c\u65b9\u91dd\u300d\u304c\u3001\u305d\u308c\u3092\u652f\u3048\u3066\u3044\u308b\u3002<\/div>\n\n  <p>\u3053\u306e\u69cb\u56f3\u3092\u6b63\u3057\u304f\u8a00\u8a9e\u5316\u3059\u308c\u3070\u3001\u3053\u3046\u306a\u308b\u3002<strong>\u30db\u30f3\u30c0\u306e5%\u914d\u5f53\u306f&#8221;\u672c\u7269&#8221;\u3060\u304c\u3001\u305d\u306e\u6301\u7d9a\u306f\u300cEV\u640d\u5207\u308a\u304c\u4f1a\u793e\u306e\u8a66\u7b97\u3057\u305f\u6700\u59272.5\u5146\u5186\u306e\u67a0\u5185\u3067\u6b62\u307e\u308b\u300d\u3068\u3044\u3046\u524d\u63d0\u306b\u4e57\u3063\u3066\u3044\u308b\u3002<\/strong>\u3082\u3057\u3053\u306e\u51fa\u8840\u304c\u60f3\u5b9a\u3092\u8d85\u3048\u3066\u81a8\u3089\u307f\u3001\u81ea\u5df1\u8cc7\u672c\u305d\u306e\u3082\u306e\u3092\u4fb5\u98df\u3057\u59cb\u3081\u308c\u3070\u3001DOE\u306e\u57fa\u6e96\u3068\u306a\u308b\u8cc7\u672c\u304c\u7e2e\u307f\u3001\u914d\u5f53\u3082\u7406\u8ad6\u4e0a\u306f\u4e0b\u65b9\u4fee\u6b63\u3055\u308c\u3046\u308b\u3002\u65e5\u672c\u7d4c\u6e08\u65b0\u805e\u30824\u6708\u306e\u6bb5\u968e\u3067\u300c\u6e1b\u914d\u30ea\u30b9\u30af\u300d\u306b\u8a00\u53ca\u3057\u3066\u3044\u305f\u3002\u300c\u5229\u76ca\u3067\u8cc4\u3048\u3066\u3044\u308b\u5897\u914d\u682a\u300d\u3068\u8aa4\u8a8d\u3057\u305f\u77ac\u9593\u3001\u3053\u306e\u9298\u67c4\u306e\u672c\u5f53\u306e\u59ff\u3092\u898b\u5931\u3046\u3002<\/p>\n\n  <!-- ============ 4 ============ -->\n  <h2><span class=\"num\">04<\/span>\u96a0\u308c\u305f\u672c\u4e38\u2015\u2015\u4e8c\u8f2a\u4e8b\u696d\u3068\u3044\u3046&#8221;\u52dd\u3063\u3066\u3044\u308b\u6226\u5834&#8221;<\/h2>\n  <div class=\"h2rule\"><\/div>\n\n  <p>\u56db\u8f2a\u3068EV\u306e\u8a71\u306b\u7d19\u5e45\u3092\u5272\u3044\u305f\u304c\u3001\u30db\u30f3\u30c0\u306e\u6295\u8cc7\u5999\u5473\u3092\u8a9e\u308b\u4e0a\u3067\u5916\u305b\u306a\u3044&#8221;\u672c\u4e38&#8221;\u304c\u3042\u308b\u3002<strong>\u4e8c\u8f2a\u4e8b\u696d<\/strong>\u3060\u3002<\/p>\n\n  <div class=\"kt-crown\">\n    <div class=\"ch\">\u4e8c\u8f2a\uff1a\u30db\u30f3\u30c0\u304c&#8221;\u6c7a\u5b9a\u7684\u512a\u4f4d&#8221;\u3092\u63e1\u308b\u552f\u4e00\u7121\u4e8c\u306e\u6226\u5834<\/div>\n    <p style=\"font-size:14.5px;margin-bottom:0;color:var(--ink)\">\u56db\u8f2a\u304c\u95a2\u7a0e\u30fbEV\u3067\u63fa\u308c\u308b\u4e2d\u3001\u4e8c\u8f2a\u306f<strong>\u904e\u53bb\u6700\u9ad8\u306e\u55b6\u696d\u5229\u76ca<\/strong>\u3092\u9054\u6210\u3002\u30a4\u30f3\u30c9\u30fb\u30d6\u30e9\u30b8\u30eb\u30fb\u6771\u5357\u30a2\u30b8\u30a2\u306e\u69cb\u9020\u7684\u6210\u9577\u3092\u80cc\u666f\u306b\u3001\u30db\u30f3\u30c0\u306f\u3053\u306e\u5e02\u5834\u3067\u5727\u5012\u7684\u306a\u30b7\u30a7\u30a2\u3068\u53ce\u76ca\u6027\u3092\u63e1\u308b\u3002EV\u30b7\u30e7\u30c3\u30af\u306e\u9670\u3067\u3001\u3053\u306e&#8221;\u91d1\u306e\u306a\u308b\u6728&#8221;\u304c\u4f1a\u793e\u5168\u4f53\u3092\u4e0b\u652f\u3048\u3057\u3066\u3044\u308b\u3002<\/p>\n    <div class=\"cstats\">\n      <div class=\"stat\"><div class=\"sv\">2,210\u4e07\u53f0<\/div><div class=\"sl\">FY26 \u4e8c\u8f2a\u30b0\u30eb\u30fc\u30d7\u8ca9\u58f2(\u524d\u671f\u6bd4+152.9\u4e07\u53f0)<\/div><\/div>\n      <div class=\"stat\"><div class=\"sv\">\u904e\u53bb\u6700\u9ad8<\/div><div class=\"sl\">\u4e8c\u8f2a\u4e8b\u696d\u306e\u55b6\u696d\u5229\u76ca(FY26)<\/div><\/div>\n      <div class=\"stat\"><div class=\"sv\">2,280\u4e07\u53f0<\/div><div class=\"sl\">FY27 \u4e8c\u8f2a\u8ca9\u58f2\u8a08\u753b(\u3055\u3089\u306b\u5897\u52a0)<\/div><\/div>\n    <\/div>\n  <\/div>\n\n  <p>\u3053\u3053\u304c\u91cd\u8981\u3060\u3002\u56db\u8f2a\u30e1\u30fc\u30ab\u30fc\u3068\u3057\u3066\u306e\u30db\u30f3\u30c0\u306f\u3001\u95a2\u7a0e\u30fb\u4e2d\u56fd\u30fbEV\u3068\u3044\u3046\u4e09\u91cd\u82e6\u306b\u76f4\u9762\u3059\u308b\u300c\u82e6\u6226\u3059\u308b\u4e8b\u696d\u300d\u306b\u898b\u3048\u308b\u3002\u3060\u304c\u4f01\u696d\u3068\u3057\u3066\u306e\u30db\u30f3\u30c0\u306f\u3001<strong>\u4e16\u754c\u306e\u4e8c\u8f2a\u5e02\u5834\u3068\u3044\u3046\u3001\u69cb\u9020\u7684\u6210\u9577\u304b\u3064\u9ad8\u53ce\u76ca\u304b\u3064\u5727\u5012\u7684\u30b7\u30a7\u30a2\u306e\u6226\u5834\u3092\u63e1\u308b\u7a00\u6709\u306a\u5b58\u5728<\/strong>\u3067\u3082\u3042\u308b\u3002FY27\u306e\u9ed2\u5b57\u8ee2\u63db\u30b7\u30ca\u30ea\u30aa\u3082\u3001\u3053\u306e\u4e8c\u8f2a\u306e\u597d\u8abf\u304c\u4e0b\u652f\u3048\u3059\u308b\u69cb\u56f3\u3060\u3002\u5e02\u5834\u304cPBR0.45\u500d\u3067\u8a55\u4fa1\u3059\u308b\u3068\u304d\u3001\u3053\u306e&#8221;\u52dd\u3063\u3066\u3044\u308b\u6226\u5834&#8221;\u306e\u4fa1\u5024\u306f\u5341\u5206\u306b\u7e54\u308a\u8fbc\u307e\u308c\u3066\u3044\u308b\u306e\u304b\u2015\u2015\u305d\u3053\u306b\u9006\u5f35\u308a\u306e\u4f59\u5730\u304c\u3042\u308b\u3002<\/p>\n\n  <!-- ============ 5 ============ -->\n  <h2><span class=\"num\">05<\/span>\u6b7b\u89d2\u2015\u2015\u95a2\u7a0e\u30fb\u4e2d\u56fd\u30fbPBR0.45\u500d\u304c\u793a\u3059\u300c\u5e02\u5834\u306e\u4e0d\u4fe1\u4efb\u300d<\/h2>\n  <div class=\"h2rule\"><\/div>\n\n  <p>\u5f37\u6c17\u4e00\u8fba\u5012\u3067\u7d42\u308f\u3089\u305b\u308b\u306e\u306f\u8aa0\u5b9f\u3067\u306f\u306a\u3044\u3002\u30db\u30f3\u30c0\u682a\u306b\u306f\u3001\u7121\u8996\u3067\u304d\u306a\u3044\u6b7b\u89d2\u304c\u78ba\u304b\u306b\u5b58\u5728\u3059\u308b\u3002<\/p>\n\n  <h3>\u2460 \u7c73\u56fd\u95a2\u7a0e\u3068\u3044\u3046\u69cb\u9020\u7684\u30b3\u30b9\u30c8<\/h3>\n  <p>\u65e5\u672c\u8eca\u3078\u306e\u7c73\u8ffd\u52a0\u95a2\u7a0e\u306f2025\u5e749\u6708\u306b27.5%\u219215%\u3078\u5f15\u304d\u4e0b\u3052\u3089\u308c\u305f\u304c\u3001\u305d\u308c\u3067\u3082<strong>FY26\u30673,469\u5104\u5186\u306e\u6e1b\u76ca\u8981\u56e0<\/strong>\u3068\u306a\u3063\u305f\u3002\u6d77\u5916\u58f2\u4e0a\u6bd4\u7387\u304c\u7d048\u5272\u306e\u30db\u30f3\u30c0\u306b\u3068\u3063\u3066\u3001\u3053\u308c\u306f\u69cb\u9020\u7684\u306a\u91cd\u8377\u3060\u30022026\u5e7411\u6708\u306e\u7c73\u4e2d\u9593\u9078\u6319\u3067\u7de9\u548c\u306b\u5411\u304b\u3046\u304b\u306f\u4e0d\u900f\u660e\u3067\u3001\u73fe\u6642\u70b9\u3067\u306f\u300c\u7e54\u308a\u8fbc\u307f\u6e08\u307f\u306e\u9006\u98a8\u300d\u3068\u3057\u3066\u62b1\u3048\u7d9a\u3051\u308b\u3057\u304b\u306a\u3044\u3002\u30db\u30f3\u30c0\u306f\u30aa\u30cf\u30a4\u30aa\u5de5\u5834\u3078\u306e\u6295\u8cc7\u3092\u7a4d\u307f\u5897\u3057\u3001\u73fe\u5730\u751f\u7523\u3067\u5bfe\u5fdc\u3092\u56f3\u3063\u3066\u3044\u308b\u3002<\/p>\n\n  <h3>\u2461 \u4e2d\u56fd\u306e\u8ca9\u58f2\u6e1b\u901f\u3068\u70ba\u66ff\u611f\u5fdc\u5ea6<\/h3>\n  <p>\u56db\u8f2a\u306eFY27\u8a08\u753b\u306f\u5317\u7c73\u5897\u30fb\u4e2d\u56fd\u6e1b\u3092\u524d\u63d0\u3068\u3059\u308b\u3002\u4e2d\u56fd\u5e02\u5834\u3067\u306e\u30d7\u30ec\u30bc\u30f3\u30b9\u4f4e\u4e0b\u306f\u65e5\u7cfb\u5168\u4f53\u306e\u8ab2\u984c\u3067\u3042\u308a\u3001\u30db\u30f3\u30c0\u3082\u4f8b\u5916\u3067\u306f\u306a\u3044\u3002\u52a0\u3048\u3066\u6d77\u5916\u58f2\u4e0a8\u5272\u306f\u3001<strong>\u5186\u9ad8\u5c40\u9762\u3067\u306f\u4e00\u8ee2\u3057\u3066\u9006\u98a8<\/strong>\u306b\u306a\u308b\u3002FY27\u524d\u63d0\u306f1\u30c9\u30eb145\u5186\u3002\u3053\u3053\u304b\u3089\u5186\u9ad8\u306b\u632f\u308c\u308c\u3070\u3001\u8abf\u6574\u5f8c\u5229\u76ca\u306e\u30b7\u30ca\u30ea\u30aa\u81ea\u4f53\u304c\u63fa\u3089\u3050\u3002<\/p>\n\n  <h3>\u2462 PBR0.45\u500d\u2015\u2015&#8221;\u5b89\u3044&#8221;\u306e\u304b&#8221;\u5b89\u304f\u3055\u308c\u3066\u3044\u308b&#8221;\u306e\u304b<\/h3>\n  <p>\u89e3\u6563\u4fa1\u5024\u306e\u534a\u5024\u4ee5\u4e0b\u3068\u3044\u3046PBR\u306f\u3001\u30d0\u30ea\u30e5\u30fc\u6295\u8cc7\u5bb6\u306b\u306f\u5782\u6d8e\u306e\u6570\u5b57\u306b\u6620\u308b\u3002\u3060\u304c\u88cf\u3092\u8fd4\u305b\u3070\u3001<strong>\u5e02\u5834\u304c\u300c\u30db\u30f3\u30c0\u306f\u8cc7\u672c\u30b3\u30b9\u30c8\u3092\u4e0a\u56de\u308b\u4fa1\u5024\u3092\u751f\u307f\u51fa\u305b\u306a\u3044\u300d\u3068\u8a55\u4fa1\u3057\u3066\u3044\u308b<\/strong>\u3053\u3068\u306e\u8868\u308c\u3067\u3082\u3042\u308b\u3002\u4e88\u60f3ROE\u306f\u308f\u305a\u304b2.2%\u3002EV\u3067\u5de8\u984d\u3092\u6295\u3058\u3066\u640d\u5207\u308a\u3057\u3001\u672c\u696d\u306f\u95a2\u7a0e\u3068\u4e2d\u56fd\u306b\u6652\u3055\u308c\u3001\u7a3c\u3050\u529b\u306e\u5272\u306b\u8cc7\u672c\u304c\u91cd\u3044\u2015\u2015\u3053\u306e\u300c\u5e02\u5834\u306e\u4e0d\u4fe1\u4efb\u300d\u3092\u8986\u3059\u6750\u6599\u304c\u306a\u3051\u308c\u3070\u3001PBR0.45\u500d\u306f&#8221;\u5272\u5b89&#8221;\u3067\u306f\u306a\u304f&#8221;\u9069\u6b63\u306a\u4f4e\u8a55\u4fa1&#8221;\u3068\u3057\u3066\u5b9a\u7740\u3057\u304b\u306d\u306a\u3044\u3002<\/p>\n\n  <h3>\u2463 \u81ea\u793e\u682a\u8cb7\u3044\u306e\u4e00\u904e\u6027<\/h3>\n  <p>\u30db\u30f3\u30c0\u306f2024\u5e7412\u6708\u3001\u4e0a\u96501.1\u5146\u5186\u30fb\u767a\u884c\u6e08\u682a\u5f0f\u306e\u7d0424%\u3068\u3044\u3046\u540c\u793e\u6700\u5927\u898f\u6a21\u306e\u81ea\u793e\u682a\u8cb7\u3044\u3092\u767a\u8868\u3057\u30012026\u5e741\u6708\u306b\u5e73\u57471,474\u5186\u3067\u53d6\u5f97\u3092\u5b8c\u4e86\u3057\u305f\uff08\u53d6\u5f97\u7dcf\u984d1\u5146999\u5104\u5186\uff09\u3002\u3053\u308c\u306f\u5f37\u529b\u306a\u682a\u4e3b\u9084\u5143\u3060\u3063\u305f\u304c\u3001<em>\u65e5\u7523\u3068\u306e\u7d71\u5408\u5354\u8b70\u3092\u80cc\u666f\u306b\u300c\u9084\u5143\u4f59\u529b\u3092\u4e00\u62ec\u6295\u5165\u300d\u3057\u305f\u4e00\u904e\u6027\u306e\u67a0<\/em>\u3067\u3082\u3042\u308b\u3002EV\u640d\u5207\u308a\u3067\u8ca1\u52d9\u306b\u8ca0\u8377\u304c\u304b\u304b\u3063\u305f\u4eca\u3001\u3053\u306e\u898f\u6a21\u306e\u8cb7\u3044\u623b\u3057\u304c\u4eca\u5f8c\u3082\u7d9a\u304f\u3068\u5f53\u3066\u8fbc\u3080\u306e\u306f\u5371\u3046\u3044\u3002\u7dcf\u9084\u5143\u5229\u56de\u308a\uff08\u914d\u5f53\uff0b\u81ea\u793e\u682a\u8cb7\u3044\uff09\u304c\u4eca\u5f8c\u3069\u3046\u63a8\u79fb\u3059\u308b\u304b\u306f\u8981\u6ce8\u8996\u3060\u3002<\/p>\n\n  <!-- ============ 6 ============ -->\n  <h2><span class=\"num\">06<\/span>\u6295\u8cc7\u5224\u65ad\u2015\u2015\u300c\u5f85\u3064\u3053\u3068\u3078\u306e\u5831\u916c\u300d\u3068\u3057\u3066\u6210\u7acb\u3059\u308b\u304b<\/h2>\n  <div class=\"h2rule\"><\/div>\n\n  <p>\u3053\u3053\u307e\u3067\u306e\u8ad6\u70b9\u3092\u3001\u4fa1\u5024\u6295\u8cc7\u306e\u898f\u5f8b\u3067\u7dcf\u62ec\u3059\u308b\u3002<\/p>\n\n  <p>\u5f31\u6c17\u306e\u6838\u306f\u660e\u5feb\u3060\u3002<span class=\"crimson\">\u5831\u544a\u5229\u76ca\u304c\u914d\u5f53\u3092\u8cc4\u3048\u305a\uff08FY27\u3067\u3082\u914d\u5f53\u6027\u5411121%\uff09\u3001EV\u640d\u5931\u304c\u6700\u59272.5\u5146\u5186\u306b\u81a8\u3089\u3080\u53ef\u80fd\u6027\u3092\u62b1\u3048\u3001\u95a2\u7a0e\u3068\u4e2d\u56fd\u3068\u3044\u3046\u69cb\u9020\u9006\u98a8\u306b\u6652\u3055\u308c\u3001PBR0.45\u500d\u3068\u3044\u3046\u5e02\u5834\u306e\u4e0d\u4fe1\u4efb\u3092\u80cc\u8ca0\u3063\u3066\u3044\u308b\u3002<\/span>\u3053\u308c\u3089\u306f\u672c\u7269\u306e\u30ea\u30b9\u30af\u3067\u3042\u308a\u3001\u300c5%\u3060\u304b\u3089\u8cb7\u3044\u300d\u3067\u7247\u4ed8\u3051\u3066\u3088\u3044\u8a71\u3067\u306f\u306a\u3044\u3002<\/p>\n\n  <p>\u4e00\u65b9\u3001\u5f37\u6c17\u306e\u6838\u3082\u660e\u5feb\u3060\u3002<strong>EV\u306e\u5de8\u984d\u640d\u5931\u306f&#8221;\u64cd\u696d\u306e\u60aa\u5316&#8221;\u3067\u306f\u306a\u304f&#8221;\u6226\u7565\u306e\u640d\u5207\u308a&#8221;\u3067\u3042\u308a\u3001\u305d\u308c\u3092\u9664\u3044\u305f\u672c\u696d\u306f\u55b6\u696d\u5229\u76ca1\u5146\u5186\u3092\u7a3c\u3050\u3002\u4e16\u754c\u306e\u4e8c\u8f2a\u5e02\u5834\u3068\u3044\u3046\u6c7a\u5b9a\u7684\u512a\u4f4d\u3092\u63e1\u308a\u3001\u30cd\u30c3\u30c8\u30ad\u30e3\u30c3\u30b7\u30e53.3\u5146\u5186\u30fb\u81ea\u5df1\u8cc7\u672c\u6bd4\u738755%\u3068\u3044\u3046\u9244\u58c1\u306e\u8ca1\u52d9\u3092\u6301\u3064\u3002<\/strong>\u305d\u306e\u4f1a\u793e\u304c\u3001\u89e3\u6563\u4fa1\u5024\u306e\u534a\u5024\u4ee5\u4e0b\u3067\u30015%\u306e\u914d\u5f53\u3092\u6255\u3044\u306a\u304c\u3089\u653e\u7f6e\u3055\u308c\u3066\u3044\u308b\u3002<\/p>\n\n  <p>\u3053\u306e\u4e8c\u3064\u3092\u5929\u79e4\u306b\u304b\u3051\u305f\u3068\u304d\u3001\u672c\u30d6\u30ed\u30b0\u306e\u898f\u5f8b\u2015\u2015<em>\u300c\u30ca\u30e9\u30c6\u30a3\u30d6\u682a\u306f\u521d\u52d5\u3067\u5165\u308b\u304b\u5165\u3089\u306a\u3044\u304b\u300d\u300c\u914d\u5f53\u306f\u5f85\u3064\u3053\u3068\u3078\u306e\u5831\u916c\u300d\u300c\u30c7\u30a3\u30d5\u30a7\u30f3\u30b7\u30d6\u30fb\u30b3\u30a2\uff0b\u9078\u5225\u3057\u305f\u30b5\u30c6\u30e9\u30a4\u30c8\u300d<\/em>\u2015\u2015\u306b\u7167\u3089\u3057\u305f\u7d50\u8ad6\u306f\u3053\u3046\u3060\u3002<\/p>\n\n  <div class=\"kt-note\">\n    <div class=\"nh\">\u672c\u7a3f\u306e\u6295\u8cc7\u30b9\u30bf\u30f3\u30b9<\/div>\n    \u30db\u30f3\u30c0\u306f\u3001\u30d0\u30fc\u30d9\u30eb\u6226\u7565\u306e<strong>\u300c\u30c7\u30a3\u30d5\u30a7\u30f3\u30b7\u30d6\u5bc4\u308a\u306e\u30d0\u30ea\u30e5\u30fc\u67a0\u300d<\/strong>\u3068\u3057\u3066\u6210\u7acb\u3057\u3046\u308b\u9298\u67c4\u3067\u3042\u308b\u3002\u305f\u3060\u3057\u4e09\u3064\u306e\u6761\u4ef6\u3092\u81ea\u5206\u306b\u8ab2\u3059\u3053\u3068\u3002<br>\n    <strong>(a)<\/strong> EV\u640d\u5931\u304c\u4f1a\u793e\u8a66\u7b97\u306e\u6700\u59272.5\u5146\u5186\u306e\u67a0\u5185\u3067\u53ce\u675f\u3059\u308b\u3068\u4fe1\u3058\u3089\u308c\u308b\u3053\u3068\u3002<br>\n    <strong>(b)<\/strong> \u3053\u308c\u3092\u300c\u5897\u914d\u3067\u8cc7\u7523\u3092\u6b96\u3084\u3059\u682a\u300d\u3067\u306f\u306a\u304f\u3001<strong>\u300c\u6e1b\u914d\u30ea\u30b9\u30af\u3092\u62b1\u3048\u305f\u9ad8\u914d\u5f53\u306e\u5272\u5b89\u682a\u300d<\/strong>\u3068\u6b63\u3057\u304f\u8a8d\u8b58\u3059\u308b\u3053\u3068\u3002\u5831\u544a\u5229\u76ca\u304c\u914d\u5f53\u3092\u5272\u3063\u3066\u3044\u308b\u4e8b\u5b9f\u3092\u76f4\u8996\u3057\u305f\u4e0a\u3067\u3001\u672c\u696d\u306e\u5730\u529b\u3068\u30ad\u30e3\u30c3\u30b7\u30e5\u3092\u4fe1\u983c\u3059\u308b\u3053\u3068\u3002<br>\n    <strong>(c)<\/strong> \u6210\u9577\u3092\u5f53\u3066\u8fbc\u3093\u3060\u30d5\u30eb\u30dd\u30b8\u30b7\u30e7\u30f3\u3067\u306f\u306a\u304f\u3001<strong>\u914d\u5f53\u30fb\u30d0\u30ea\u30e5\u30fc\u67a0\u3068\u3057\u3066\u898f\u5f8b\u3042\u308b\u30b5\u30a4\u30b8\u30f3\u30b0<\/strong>\u3067\u81e8\u3080\u3053\u3068\u3002\u5229\u56de\u308a5%\u306f\u300c\u5f85\u3064\u3053\u3068\u3078\u306e\u5831\u916c\u300d\u3068\u3057\u3066\u53d7\u3051\u53d6\u308a\u3001\u4e8c\u8f2a\u3068\u5185\u71c3\u6a5f\u95a2\u3078\u306e\u64a4\u9000\u6226\u304c\u594f\u529f\u3059\u308b\u306e\u3092\u5f85\u3064\u3002\n  <\/div>\n\n  <p>\u8a00\u3044\u63db\u3048\u308c\u3070\u2015\u2015<strong>\u300c5%\u5229\u56de\u308a\u306e\u512a\u826f\u682a\u3001\u8cb7\u3044\u3060\u300d\u3082\u300c\u8d64\u5b57\u4f01\u696d\u306e\u914d\u5f53\u3001\u5371\u967a\u3060\u300d\u3082\u3001\u3069\u3061\u3089\u3082\u672c\u8cea\u3092\u5916\u3057\u3066\u3044\u308b\u3002<\/strong>\u3053\u308c\u306f\u3001\u52dd\u3066\u306a\u3044\u6226\u5834\u304b\u3089\u672c\u6765\u306e\u91cd\u5fc3\u3078\u64a4\u9000\u3057\u305f\u5272\u5b89\u682a\u3067\u3042\u308a\u3001\u305d\u306e\u914d\u5f53\u306f\u5229\u76ca\u3067\u306f\u306a\u304f\u30ad\u30e3\u30c3\u30b7\u30e5\u3068\u65b9\u91dd\u3068\u672c\u696d\u306e\u5730\u529b\u306b\u652f\u3048\u3089\u308c\u3066\u3044\u308b\u3002\u305d\u306e\u69cb\u56f3\u3092\u6b63\u3057\u304f\u7406\u89e3\u3057\u305f\u6295\u8cc7\u5bb6\u306b\u3068\u3063\u3066\u306e\u307f\u3001\u30db\u30f3\u30c0\u306e5%\u306f&#8221;\u7f60&#8221;\u3067\u306f\u306a\u304f&#8221;\u5831\u916c&#8221;\u306b\u306a\u308b\u3002<\/p>\n\n  <!-- ============ \u30c8\u30ea\u30ac\u30fc ============ -->\n  <h2><span class=\"num\">07<\/span>\u518d\u8a55\u4fa1\u306e\u30c8\u30ea\u30ac\u30fc\uff08\u4f55\u3092\u898b\u305f\u3089\u5224\u65ad\u3092\u5909\u3048\u308b\u304b\uff09<\/h2>\n  <div class=\"h2rule\"><\/div>\n\n  <ul class=\"kt-trig\">\n    <li><b>EV\u640d\u5931\u306e\u6700\u7d42\u7740\u5730\u984d\u3002<\/b>\u4f1a\u793e\u8a66\u7b97\u306e\u6700\u59272.5\u5146\u5186\uff08\u3046\u3061\u30ad\u30e3\u30c3\u30b7\u30e5\u6d41\u51fa\u6700\u59271.7\u5146\u5186\uff09\u3092\u4e0a\u632f\u308c\u3059\u308b\u304b\u3002FY27\u56db\u534a\u671f\u6c7a\u7b97\u3067EV\u95a2\u9023\u640d\u59315,000\u5104\u5186\u306e\u3046\u3061\u3001\u3069\u3053\u307e\u3067\u304c\u4e0a\u671f\u306b\u96c6\u4e2d\u3059\u308b\u304b\u3002\u4e0a\u632f\u308c\u306f\u6e1b\u914d\u30b7\u30ca\u30ea\u30aa\u306e\u5f15\u304d\u91d1\u306b\u306a\u308b\u3002<\/li>\n    <li><b>\u8abf\u6574\u5f8c\u55b6\u696d\u5229\u76ca\u304c\u56db\u534a\u671f2,500\u5104\u5186\u30da\u30fc\u30b9\uff08\u5e74\u73871\u5146\u5186\uff09\u306b\u7740\u5730\u3059\u308b\u304b\u3002<\/b>\u672c\u696d\u306e\u5730\u529b\uff1d\u914d\u5f53\u306e\u672c\u5f53\u306e\u62c5\u4fdd\u3002\u3053\u3053\u304c\u5d29\u308c\u308c\u3070\u3001\u5f37\u6c17\u306e\u524d\u63d0\u305d\u306e\u3082\u306e\u304c\u6d88\u3048\u308b\u3002<\/li>\n    <li><b>\u4e8c\u8f2a\u4e8b\u696d\u306e\u30e2\u30e1\u30f3\u30bf\u30e0\u3002<\/b>\u30a4\u30f3\u30c9\u30fb\u30d6\u30e9\u30b8\u30eb\u30fb\u6771\u5357\u30a2\u30b8\u30a2\u3067\u306e\u8ca9\u58f2\u5897\u304c\u7d99\u7d9a\u3059\u308b\u304b\u3002&#8221;\u91d1\u306e\u306a\u308b\u6728&#8221;\u306e\u6210\u9577\u920d\u5316\u306f\u3001\u4f1a\u793e\u5168\u4f53\u306e\u8a55\u4fa1\u3092\u4e0b\u3052\u308b\u3002<\/li>\n    <li><b>\u7c73\u95a2\u7a0e\u306e\u884c\u65b9\u3002<\/b>2026\u5e7411\u6708\u306e\u4e2d\u9593\u9078\u6319\u3092\u7d4c\u3066\u300115%\u95a2\u7a0e\u304c\u7de9\u548c\u306b\u5411\u304b\u3046\u304b\u3001\u56fa\u5b9a\u5316\u30fb\u518d\u5f37\u5316\u3055\u308c\u308b\u304b\u30023,469\u5104\u5186\u898f\u6a21\u306e\u6e1b\u76ca\u8981\u56e0\u306e\u65b9\u5411\u6027\u3092\u5de6\u53f3\u3059\u308b\u3002<\/li>\n    <li><b>\u65b0\u305f\u306a\u682a\u4e3b\u9084\u5143\u67a0\u306e\u6709\u7121\u3002<\/b>1.1\u5146\u5186\u306e\u81ea\u793e\u682a\u8cb7\u3044\u5b8c\u4e86\u5f8c\u3001FY27\u4ee5\u964d\u306b\u65b0\u898f\u67a0\u3092\u8a2d\u5b9a\u3059\u308b\u304b\u3002\u7dcf\u9084\u5143\u59ff\u52e2\u306e\u7d99\u7d9a\u306f\u3001PBR0.45\u500d\u662f\u6b63\u306e\u91cd\u8981\u306a\u89e6\u5a92\u306b\u306a\u308b\u3002<\/li>\n    <li><b>\u6b21\u4e16\u4ee3e:HEV\u306e\u5e02\u5834\u6295\u5165\u3068\u53ce\u76ca\u8ca2\u732e\u3002<\/b>\u300c\u30cf\u30a4\u30d6\u30ea\u30c3\u30c9\u306e\u30db\u30f3\u30c0\u300d\u56de\u5e30\u304c\u3001\u30b3\u30b9\u30c830%\u6e1b\u3068\u3044\u3046\u516c\u7d04\u901a\u308a\u306b\u5317\u7c73\u30fb\u65e5\u672c\u3067\u5229\u76ca\u3092\u751f\u3080\u304b\u3002\u64a4\u9000\u5148\u306e\u9663\u5730\u306e\u5805\u3055\u3092\u6e2c\u308b\u5b9f\u7269\u30c6\u30b9\u30c8\u3002<\/li>\n  <\/ul>\n\n  <!-- ============ \u514d\u8cac ============ -->\n  <div class=\"kt-disc\">\n    <b>\u514d\u8cac\u4e8b\u9805\uff1a<\/b>\u672c\u8a18\u4e8b\u306f\u3001\u672c\u7530\u6280\u7814\u5de5\u696d\u682a\u5f0f\u4f1a\u793e\uff08\u6771\u8a3c\u30d7\u30e9\u30a4\u30e0\uff1a7267\uff09\u304c\u516c\u8868\u3057\u305f\u6c7a\u7b97\u77ed\u4fe1\u30fb\u6c7a\u7b97\u8aac\u660e\u8cc7\u6599\u304a\u3088\u3073\u5404\u7a2e\u5831\u9053\u306b\u57fa\u3065\u304f\u7b46\u8005\u500b\u4eba\u306e\u5206\u6790\u3067\u3042\u308a\u3001\u7279\u5b9a\u9298\u67c4\u306e\u58f2\u8cb7\u3092\u63a8\u5968\u30fb\u52e7\u8a98\u3059\u308b\u3082\u306e\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u8a18\u8f09\u306e\u6570\u5024\u30fb\u682a\u4fa1\u30fb\u5229\u56de\u308a\u306f\u57f7\u7b46\u6642\u70b9\uff082026\u5e746\u6708\u4e0b\u65ec\uff09\u306e\u3082\u306e\u3067\u3001\u6700\u65b0\u306e\u6570\u5024\u3068\u306f\u7570\u306a\u308b\u5834\u5408\u304c\u3042\u308a\u307e\u3059\u3002\u914d\u5f53\u7dcf\u984d\u30fb\u914d\u5f53\u6027\u5411\u7b49\u306f\u6982\u7b97\u5024\u3092\u542b\u307f\u307e\u3059\u3002\u6295\u8cc7\u306b\u95a2\u3059\u308b\u6700\u7d42\u5224\u65ad\u306f\u3001\u3054\u81ea\u8eab\u306e\u8cac\u4efb\u306b\u304a\u3044\u3066\u884c\u3063\u3066\u304f\u3060\u3055\u3044\u3002\n  <\/div>\n\n  <div class=\"kt-sign\">\u2015 \u682a\u30c6\u30afBLOG \u2015<\/div>\n\n<\/article>\n","protected":false},"excerpt":{"rendered":"<p>\u500b\u5225\u682a\u5206\u67907267 \u6771\u8a3c\u30d7\u30e9\u30a4\u30e0 \u4e0a\u5834\u6765\u521d\u306e\u6700\u7d42\u8d64\u5b57\u30011.58\u5146\u5186\u306e&#8221;\u640d\u5207\u308a&#8221;\u2015\u2015\u305d\u308c\u3067\u3082\u682a\u4fa1\u306f\u6c7a\u7b97\u5f8c\u306b\u4e0a\u6607\u3057\u305f\u3002\u5e02\u5834\u304cPBR0.45\u500d\u3067\u7a81\u304d\u3064\u3051\u308b\u300c\u4e0d\u4fe1\u4efb\u300d\u306e\u4e2d\u8eab\u3092\u3001\u914d\u5f53\u306e\u6301\u7d9a\u6027\u304b\u3089\u89e3\u5256\u3059\u308b\u3002  [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"_links":{"self":[{"href":"https:\/\/www.kabutec.jp\/blog\/index.php?rest_route=\/wp\/v2\/posts\/850"}],"collection":[{"href":"https:\/\/www.kabutec.jp\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kabutec.jp\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kabutec.jp\/blog\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kabutec.jp\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=850"}],"version-history":[{"count":2,"href":"https:\/\/www.kabutec.jp\/blog\/index.php?rest_route=\/wp\/v2\/posts\/850\/revisions"}],"predecessor-version":[{"id":852,"href":"https:\/\/www.kabutec.jp\/blog\/index.php?rest_route=\/wp\/v2\/posts\/850\/revisions\/852"}],"wp:attachment":[{"href":"https:\/\/www.kabutec.jp\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=850"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kabutec.jp\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=850"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kabutec.jp\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=850"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}