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事業計画の極意

 事業計画の極意

事業計画の極意

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masa tadokoro

May 11, 2020
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  1. Ξϑλʔίϩφ࣌୅ʹ উͪ੾ΔͨΊͷࣄۀܭըͷۃҙ

  2. ݁࿦ݴ͍·͢ɻ

  3. #VTJOFTT1MBO ʢࣄۀܭըॻʣ ͸͍Βͳ͍ $PQZSJHIU.BTBZVLJ5BEPLPSP"MMSJHIUTSFTFSWFE 4UBSUVQ4DJFODF

  4. ਖ਼֬ʹݴ͏ͱ 1.'લͷॳظϑΣʔζ ʹਫ਼៛ͳʮࣄۀܭըʯ ͸ඞཁͳ͠

  5. *EFBUJPO $1' 14' 1.' 554 4DBMF *10 1PTU *10 1SPEVDU

    .BSLFU 'PVOEFS 5FBN 'JOBODF $1' 3JTL 'PVOEFS*TTVF'JU 3JTL *OJUJBM$BQJUBMJ[BUJPO 3JTL 'PVOEFS3FBEJOFTTϦεΫ 5FDI 'FBTJCJMJUZ 3JTL 1SPEVDU -BVODI 3JTL #VSO3JTL 1JWPU5PMFSBUJPO3JTL 1.' 3JTL 'PVOEJOH5FBN #VJMEJOH3JTL $PGPVOEFS4IBSF"MMPDBUJPO 3JTL 6OJU &DPOPNJDT 3JTL (SPXUI 3JTL )JSJOHSJTL *10 3JTL *10४උ 3JTL 4UPDL%JMVUJPO3JTL $POHMPNFSBUF %JTDPVOU3JTL 1PTU*10(SPXUI 3JTL %FGFOTJCJMJUZ#VJMEJOH3JTL 'PVOEFSUP$&0 5SBOTGPSN3JTL 1PTU*10)3 SJTL 4VDDFTT4UBUVT 2VP3JTL 0QFSBUJPOCMBDLCPY3JTL 4VDDFTTPS3JTL 1SFTFFE 4FFE 4FSJFT" 4FSJFT#d 1SF*10 $&01VCMJD'JHVSF 5SBOTGPSN3JTL 5BMFOU3FUFOUJPO3JTL 'VOESBJTJOH3JTL $VMUVSF#SFBL3JTL
  6. *10 4FSJFT" 4FSJFT# 4FSJFT$ .F[[BOJOF &BSMZ 4UBHF -BUFS 4UBHF 4FFE

    1SF 4FFE 4FFE 4UBHF ࢿۚௐୡͷεςʔδ
  7. *10 4FSJFT" 4FSJFT# 4FSJFT$ .F[[BOJOF &BSMZ 4UBHF -BUFS 4UBHF 4FFE

    1SF 4FFE 4FFE 4UBHF ࢿۚௐୡͷεςʔδ ਫ਼៛ͳࣄۀܭը͸ ඞཁͳ͠
  8. 1SF4FFE 4FFE 4FSJFT" 4FSJFT#d ʢεέʔϧΛ໨ࢦ͢ʣ 1SF*10 *10Λ໨ࢦ͢ʣ $1'14'Λ໨ࢦ͢ ʢ1.ୡ੒Λ໨ࢦ͢ʣ ʢ6OJUFDPOPNJDT݈શԽʣ

    1PTU*10 *10ޙͷ੒௕ʣ 4UBSUVQͷ ϑΣʔζຖ 3JTL $1'3JTL ॳظࢿຊ੓ࡦ3JTL 'PVOEFS*TTVF'JU3JTL 5FDIOJDBM'FBTJCJMJUZ3JTL 1SPEVDUMBVODI3JTL ૑ۀνʔϜ૊੒3JTL 1JWPUUPMFSBUJPO3JTL 1.'3JTL 6OJU&DPOPNJDT3JTL 0QFSBUJPO#MBDLCPY3JTL $VMUVSF#SFBL3JTL )JSJOH3JTL 5BMFOU3FUFOUJPO3JTL %FGFOTJCJMJUZ#VJMEJOH3JTL &OUSFQSFOFVSUP$90USBOTGPSNSJTL $POHMPNFSBUF%JTDPVOU3JTL *103JTL *10ޙ੒௕3JTL
  9. ʮࣄۀܭըʯ Ͱ͸ͳ͘ ʮࣄۀԾઆʯΛ ຏ͖ࠐΉ

  10. ֶशʹϑΥʔΧε͢Δʂ

  11. Ծઆߏங Ұ࣍৘ใΛ ώΞϦϯά ؍࡯͢Δ Ծઆݕূ

  12. Ծઆߏங Ұ࣍৘ใΛ ώΞϦϯά ؍࡯͢Δ Ծઆݕূ

  13. ̍ ̎ ̏ ̐ ̑ ̒ ̓ ̔ ̕ ϦʔϯΩϟϯύεΛॻ͘ॱ൪͸ҎԼͷΑ͏ʹ͢Δ

    $PQZSJHIU.BTBZVLJ5BEPLPSP"MMSJHIUTSFTFSWFE 4UBSUVQ4DJFODF
  14. ୭ͷ ԿΛ ͲͷΑ͏ʹ

  15. ΢Υʔλʔ ϑΥʔϧܕ Ͱ͸ֶͿ λΠϛϯά͕஗͍ ϦʔϯελʔτΞοϓܕ Ͱ͸ɺͰ͖Δ͚ͩૣ͘ ϦϦʔεͯ͠ ଟֶ͘Ϳ͜ͱ͕Ͱ͖Δ ཁ݅ఆٛ ։ൃ

    ඼࣭ݕূ ࢢ৔౤ೖ ͋Δఔ౓ ͷֶͼ ֶͼ ΄ͱΜͲͳ͠ ֶͼ ΄ͱΜͲͳ͠ ΄ͱΜͲͷ ֶͼ͸ ࢢ৔౤ೖޙ ૣ͍λΠϛϯά Ͱଟֶ͘΂Δ
  16. $PQZSJHIU.BTBZVLJ5BEPLPSP"MMSJHIUTSFTFSWFE λΠϜΞ΢τʹͳΔલʹ1JWPUͯ͠ ػೳ͢ΔϏδωεϞσϧΛݟ͚ͭΔ XXXTMJEFTIBSFOFUBTINBVSZB 4UBSUVQ4DJFODF

  17. 71PG4BMF͸͍Βͳ͍ େଟ਺ͷελʔτΞοϓ͕ ϐϘοτ͢Δ $PQZSJHIU.BTBZVLJ5BEPLPSP"MMSJHIUTSFTFSWFE http://www.slideshare.net/ashmaurya 4UBSUVQ4DJFODF

  18. ԿΛ՝୊ʹ ײ͍ͯ͡Δͷ͔ ໊લ ΩϟαϦϯɾϋϜϨοτ ೥ྸ ࡀ ग़਎ ΦʔετϥϦΞɾγυχʔ झຯ όοΫύοΫɺࣸਅɺөը

    ৬ۀ ஍ݩͷγυχʔͰ ؃ޢࢣΛ͍ͯ͠Δ େֶଔۀޙ̏೥ಉ͡ පӃͰಇ͍͍ͯΔ ੜ׆ ੈքதʹཱྀߦʹ͍͘͜ͱ͕ੜ͖͕͍ʹͳ͓ͬͯΓɺ ೥ʹ̎ճͷ̎िؒͷόοΫύοΫָ͕͠ΈͰ೔ʑૹ͍ͬͯΔ ཱྀߦͷ ͩ͜ΘΓ ཱྀߦʹߦ࣌͘͸ɺݱ஍Ͱ৘ใΛूΊΔΑ͏ʹ͍ͯ͠ΔɻͰ͖Δ ͚ͩɺݱ஍Ͱ͓ಘͳ৘ใ΍ݱ஍Ͱ͔͠ಘΒΕͳ͍ମݧΛॏࢹ͢ Δ܏޲͕͋Δɻ *5 εϚϗ Ϧςϥγʔ 'BDFCPPL͸ͨ·ʹ౤ߘ͢Δɻϝοηϯδϟʔ͸ 8IBUTVQɻझຯͷࣸਅ͸ɺJOTUBHSBNʹ͍͋͛ͯΔɻੈք தͰࡱͬͨࣸਅΛ͋͛ଓ͚͓ͯΓɺਓͷϑΥϩϫʔ ͕͍Δͷ͕ͪΐͬͱͨࣗ͠ຫͰ͋Δ $PQZSJHIU.BTBZVLJ5BEPLPSP"MMSJHIUTSFTFSWFE 4UBSUVQ4DJFODF
  19. ϖϧιφΛ࢖͏໨తɿ ϓϩμΫτઃܭϓϩηεΛ ΑΓਓؒத৺՝୊த৺ ʹ͢Δ͜ͱ͕Ͱ͖Δ $PQZSJHIU.BTBZVLJ5BEPLPSP"MMSJHIUTSFTFSWFE

  20. ϖϧιφΛ࢖͏໨తɿ z͋ΒΏΔਓʑʹ ؾʹೖΒΕͳͯ͘͸ͳΒͳ͍z ͱ͍͏ແବͳߟ͑Λ ১͍͞Δ͜ͱ͕Ͱ͖Δ $PQZSJHIU.BTBZVLJ5BEPLPSP"MMSJHIUTSFTFSWFE

  21. ϖϧιφΛ࢖͏໨తɿ σβΠϯ΍ػೳʹҰ؏ੑΛ؏͘͜ͱ ͕Ͱ͖ɺϢʔβʔΤΫεϖϦΤϯε ΛߴΊΔ͜ͱ͕Ͱ͖Δ $PQZSJHIU.BTBZVLJ5BEPLPSP"MMSJHIUTSFTFSWFE

  22. ֤ݸਓͷܦݧ΍ೝࣝͷҧ͍ʹΑͬͯ૝ఆ͢Δ ΧελϚʔ૾͸ҧͬͯ͘ΔͷͰ ίϛϡχέʔγϣϯίετ͕͔͔ͬͯ͠·͏ $PQZSJHIU.BTBZVLJ5BEPLPSP"MMSJHIUTSFTFSWFE 4UBSUVQ4DJFODF

  23. 1BJO )FBS 4FF (BJO 4BZ 5IJOL ཱྀߦ͸ָ͠Έ͚ͩͲɺ͋·Γ༧ࢉ͕ͳ͍ͷͰ ৭ʑͱཱྀߦதͷग़අΛ࡟Βͳ͍ͱ͍͚ͳ͍ ৗʹɺ4/4ʢ'BDFCPPL *OTUBHSBN

    Λ ࢖ཱྀͬͯߦதͷه࿥ΛͱΓ͍ͨ ͓ۚΛઅ໿͠ͳ͕Βɺཱྀ͍͍ߦମݧ͢Δͷ͸࠷ߴͩͳ དྷ݄͸ɺ͸͡Ίͯͷ೔ຊ΁ͷཱྀߦɺཱྀ͍͍ߦମݧ ʹ͢ΔͨΊʹ৭ʑͱ৘ใΛूΊΑ͏ ઌ݄೔ຊʹཱྀߦΛͨ͠ ༑ୡ͕ɺͱͯ΋ΤϯδϣΠΛ ͍ͯ͠ΔΈ͍ͨͩͬͨɻ ཱྀઌͰͷ5JQTΛ৭ʑͱ ฉ͍ͯΈΑ͏ ೔ຊ͸ϋΠςΫͳࠃ͔ͩΒ ͖ͬͱɺ৭ʑͱָཱྀ͍͠ߦΛ αϙʔτͯ͘͠ΕΔπʔϧ΍ αʔϏε͕͍ͬͺ͍͋Δ͸ͣ ৭ʑͱݟͯΈΑ͏ ࢲ͸ɺͱͬͯ΋ཱྀߦ׳Ε͍ͯͯ͠ɺ ͦͷ౔஍ͰɺҰ൪͍͍αʔϏε΍͍͍৘ใΛ ݟ͚ͭΔࣄ͕Ͱ͖ΔΘ $PQZSJHIU.BTBZVLJ5BEPLPSP"MMSJHIUTSFTFSWFE
  24. ϗϯμεʔύʔΧϒ ྦྷܭൢചສ୆ $PQZSJHIU.BTBZVLJ5BEPLPSP"MMSJHIUTSFTFSWFE 4UBSUVQ4DJFODF

  25. εʔύʔΧϒͷϖϧιφɿ ڶഴ԰ͷ഑ୡһ IUUQXXXUWUPLZPDPKQNWXCTMPOHTFMMFSQPTU@ $PQZSJHIU.BTBZVLJ5BEPLPSP"MMSJHIUTSFTFSWFE 4UBSUVQ4DJFODF

  26. ͦ͹԰ͷ഑ୡͰ͸ख͕;͕͞ΔͷͰ ଍͚ͩͰม଎Ͱ͖ΔΫϥον͕ඞཁ $PQZSJHIU.BTBZVLJ5BEPLPSP"MMSJHIUTSFTFSWFE 4UBSUVQ4DJFODF

  27. ొ৔ਓ෺ͷ ݱঢ়ͷϓϩηεΛચ͍ग़͢

  28. εςοϓ ߦಈ ײ৘ͷ ු͖௜Έ ۭߓ౸ண Ҡಈ ϗςϧ ண཮ ੫ؔ ՙ෺

    ϐοΫ 8Jp ઀ଓ Ӻʹ ޲͔͏ ίϯϏχ νέο τങ͏ Ӻߍ಺ ʹҠಈ ిं ଴ͭ ిं ग़ൃ ໨తӺ ౸ண XJp ઀ଓτϥΠ Լं ϗςϧ ୳͢ ెา Ҡಈ νΣοΫ Πϯ ෦԰ͷ XJp γϟϫʔ $PQZSJHIU.BTBZVLJ5BEPLPSP"MMSJHIUTSFTFSWFE λον ϙΠϯτ ۭߓ XJp ίϯϏχ XJp Ӻ XJp ిं XJp Ӻ XJp ϗςϧ XJp ࢥߟ ۭߓXJp ஗͍ ଎͍͚Ͳ ళ಺ͷΈ ӺXJp ஗͍ XJpར༻ʹ ԁ ͔͔Δʂ ӺXJp ஗͍ 8Jp շదʂ ೔ຊʹ౸ண͔ͯ͠Β ϗςϧʹνΣοΫΠϯ͢Δ·Ͱͷ ετʔϦʔΛॻ͖ग़͢ ୡ੒͍ͨ͠໨ඪɿ 8JpΛ޷͖ͳ࣌ʹ ར༻ͯ͠৘ใൃ৴͍ͨ͠ʂ
  29. None
  30. None
  31. ࠷ॳʹλʔήοτͱ͢Δࢢ৔ͷ͜ͱ ͜͜ʹଐ͢Δސ٬͸ɺ՝୊Λೝࣝ͠ ͍ͯΔੵۃతʹιϦϡʔγϣϯΛ ୳͍ͯ͠ΔΞʔϦʔΞμϓλʔͰ͋Δ ΤϯτϦʔࢢ৔ͱ͸

  32. ہ஍ઓʹ ࣋ͪࠐΉʂ Ͳ͜Ͱ ઓ͏͔ʁ $PQZSJHIU.BTBZVLJ5BEPLPSP"MMSJHIUTSFTFSWFE 4UBSUVQ4DJFODF

  33. ૂ͏΂͖ΤϯτϦʔࢢ৔ͷ ղ૾౓ΛߴΊΔͨΊʹ (PUPNBSLFUQMBO ΛཱͯΔ

  34. ࣄྫɿ ࣏ྍӃ޲͚ιϦϡʔγϣϯ

  35. ᶃࢢ৔ηάϝϯτͱ όϦϡʔνΣʔϯʢϓϩηεʣ ΛҼ਺෼ղ͢Δ

  36. όϦϡʔνΣʔϯ η ά ϝ ϯ τ େ ηάϝϯτ த ηάϝϯτ

    খ ηάϝϯτ ू٬ ༧໿؅ཧ υλΩϟϯ ରԠ ױऀ ؅ཧ ױऀ ఆணԽ ࣄ຿ ॲཧ ਓࣄ ࿑຿ ࣗඅ ࣏ྍ ݸਓ ܦӦ ֦େ ࢤ޲ ݱঢ় ҡ࣋ νΣʔϯ ֦େ ࢤ޲ ݱঢ় ҡ࣋ อݥ ࣏ྍ ݸਓ ܦӦ ֦େ ࢤ޲ ݱঢ় ҡ࣋ νΣʔϯ ֦େ ࢤ޲ ݱঢ় ҡ࣋ όϦϡʔνΣʔϯ ηάϝϯτ
  37. ᶄχʔζʢ1BJOʣ͕ڧ͍ ηάϝϯτϓϩηε͸ Ͳ͔͜Λϓϩοτ͢Δ

  38. όϦϡʔνΣʔϯ η ά ϝ ϯ τ େ ηάϝϯτ த ηάϝϯτ

    খ ηάϝϯτ ू٬ ༧໿؅ཧ υλΩϟϯ ରԠ ױऀ ؅ཧ ױऀ ఆணԽ ࣄ຿ ॲཧ ਓࣄ ࿑຿ ࣗඅ ࣏ྍ ݸਓ ܦӦ ֦େ ࢤ޲ ˕ ˓ ˕ ˓ ˕ ˓ 9 ݱঢ় ҡ࣋ ˓ ˚ ˓ ˓ ˓ ˓ 9 νΣʔϯ ֦େ ࢤ޲ ˓ ˚ ˕ ˓ ˕ ˚ ˚ ݱঢ় ҡ࣋ ˓ ˚ ˓ ˓ ˓ ˚ ˚ อݥ ࣏ྍ ݸਓ ܦӦ ֦େ ࢤ޲ ˕ ˚ 9 ˚ ˚ ˕ ˓ ݱঢ় ҡ࣋ ˕ ˚ 9 ˚ ˚ ˕ ˓ νΣʔϯ ֦େ ࢤ޲ ˓ ˚ 9 ˚ ˚ ˚ 9 ݱঢ় ҡ࣋ ˓ ˚ 9 ˚ ˚ ˚ 9 ˕χʔζߴ˓χʔζத ˚χʔζ௿9χʔζͳ͠ ϓϩοτ͢Δ
  39. όϦϡʔνΣʔϯ η ά ϝ ϯ τ େ ηάϝϯτ த ηάϝϯτ

    খ ηάϝϯτ ू٬ ༧໿؅ཧ υλΩϟϯ ରԠ ױऀ ؅ཧ ױऀ ఆணԽ ࣄ຿ ॲཧ ਓࣄ ࿑຿ ࣗඅ ࣏ྍ ݸਓ ܦӦ ֦େ ࢤ޲ ˕ ˓ ˕ ˓ ˕ ˓ 9 ݱঢ় ҡ࣋ ˓ ˚ ˓ ˓ ˓ ˓ 9 νΣʔϯ ֦େ ࢤ޲ ˓ ˚ ˕ ˓ ˕ ˚ ˚ ݱঢ় ҡ࣋ ˓ ˚ ˓ ˓ ˓ ˚ ˚ อݥ ࣏ྍ ݸਓ ܦӦ ֦େ ࢤ޲ ˕ ˚ 9 ˚ ˚ ˕ ˓ ݱঢ় ҡ࣋ ˕ ˚ 9 ˚ ˚ ˕ ˓ νΣʔϯ ֦େ ࢤ޲ ˓ ˚ 9 ˚ ˚ ˚ 9 ݱঢ় ҡ࣋ ˓ ˚ 9 ˚ ˚ ˚ 9 ˕χʔζߴ˓χʔζத ˚χʔζ௿9χʔζͳ͠ χʔζ͕ ڧ͍ϓϩηε χʔζ͕ ڧ͍ϓϩηε χʔζ͕ ڧ͍ϓϩηε χʔζ͕ ڧ͍ϓϩηε χʔζ͕ ڧ͍ϓϩηε χʔζ͕ ڧ͍ϓϩηε χʔζ͕ ڧ͍ϓϩηε
  40. ᶅࢢ৔αΠζΛ ໌֬ʹ͢Δ

  41. όϦϡʔνΣʔϯ η ά ϝ ϯ τ େ ηάϝϯτ த ηάϝϯτ

    খ ηάϝϯτ ू٬ ༧໿؅ཧ υλΩϟϯ ରԠ ױऀ ؅ཧ ױऀ ఆணԽ ࣄ຿ ॲཧ ਓࣄ ࿑຿ ࣗඅ ࣏ྍ ݸਓ ܦӦ ݅ ֦େࢤ޲ ݅ʣ ˕ ˓ ˕ ˓ ˕ ˓ 9 ݱঢ়ҡ࣋ ʢ݅ʣ ˓ ˚ ˓ ˓ ˓ ˓ 9 νΣʔϯ ݅ ֦େࢤ޲ ݅ʣ ˓ ˚ ˕ ˓ ˕ ˚ ˚ ݱঢ়ҡ࣋ ʢ݅ʣ ˓ ˚ ˓ ˓ ˓ ˚ ˚ อݥ ࣏ྍ ݸਓ ܦӦ ݅ ֦େࢤ޲ ݅ʣ ˕ ˚ 9 ˚ ˚ ˕ ˓ ݱঢ়ҡ࣋ ʢ݅ʣ ˕ ˚ 9 ˚ ˚ ˕ ˓ νΣʔϯ ݅ ֦େࢤ޲ ݅ʣ ˓ ˚ 9 ˚ ˚ ˚ 9 ݱঢ়ҡ࣋ ʢ݅ʣ ˓ ˚ 9 ˚ ˚ ˚ 9 ˕χʔζߴ˓χʔζத ˚χʔζ௿9χʔζͳ͠ ࢢ৔αΠζΛ ໌֬ʹ͢Δ
  42. ىۀՈ͸ϛΫϩঢ়گ ʢλʔήοτϢʔβʔͷΤίϊϛΫε΍ঢ়ଶ ͷઐ໳ՈʹͳΔ͚ͩͰͳ͘ɺ ϚΫϩঢ়گ ʢλʔήοτࢢ৔ͷঢ়گࠓޙɺ ࢢ৔͕Ͳ͏ਐԽ͢Δ͔ʣ ͷઐ໳ՈʹͳΔඞཁ͕͋Δ

  43. ࠓ͔Β̍̌೥ޙͷࢢ৔͕ͲͷΑ͏ʹ มԽ͍͔ͯ͘͠Λ૝ఆ͢Δ $PQZSJHIU.BTBZVLJ5BEPLPSP"MMSJHIUTSFTFSWFE 4UBSUVQ4DJFODF

  44. $PQZSJHIU.BTBZVLJ5BEPLPSP"MMSJHIUTSFTFSWFE 4UBSUVQ4DJFODF 1SPEVDU 'VUVSF.BSLFU 'JU

  45. 6CFSͷ೥ͷ1JUDI%FDL

  46. όϦϡʔνΣʔϯ η ά ϝ ϯ τ େ ηάϝϯτ த ηάϝϯτ

    খ ηάϝϯτ ू٬ ༧໿؅ཧ υλΩϟϯ ରԠ ױऀ ؅ཧ ױऀ ఆணԽ ࣄ຿ ॲཧ ਓࣄ ࿑຿ ࣗඅ ࣏ྍ ݸਓ ܦӦ ݅ ֦େࢤ޲ ݅ ೥  ݅ ˕ ˓ ˕ ˓ ˕ ˓ 9 ݱঢ়ҡ࣋ ݅ ʢ೥ ݅ ˓ ˚ ˓ ˓ ˓ ˓ 9 νΣʔϯ ݅ ֦େࢤ޲ ݅ ೥ ݅ʣ ˓ ˚ ˕ ˓ ˕ ˚ ˚ ݱঢ়ҡ࣋ ݅ ೥ ݅ʣ ˓ ˚ ˓ ˓ ˓ ˚ ˚ อݥ ࣏ྍ ݸਓ ܦӦ ݅ ֦େࢤ޲ ݅ ʢ೥ ݅ʣ ˕ ˚ 9 ˚ ˚ ˕ ˓ ݱঢ়ҡ࣋ ݅ ʢ೥ ݅ʣ ˕ ˚ 9 ˚ ˚ ˕ ˓ νΣʔϯ ݅ ֦େࢤ޲ ݅ ೥ ݅ʣ ˓ ˚ 9 ˚ ˚ ˚ 9 ݱঢ়ҡ࣋ ݅ ೥ ݅ʣ ˓ ˚ 9 ˚ ˚ ˚ 9 ˕χʔζߴ˓χʔζத ˚χʔζ௿9χʔζͳ͠ ࣗ෼͕ͨͪ ࢢ৔Λ੮ר͢Δ࣌ظ ʹࢢ৔؀ڥ͕Ͳ͏ͳΔ͔ ͷղ૾౓ΛߴΊΔ
  47. ᶆΧελϚʔ͸ݱঢ়͸ͲͷΑ͏ͳ ୅ସιϦϡʔγϣϯ Λ׆༻͍ͯ͠Δ͔ʢڧ͍ΒΕ͍ͯΔ͔ʣʁ

  48. ୅ସҊʹର͢Δ ෆશʢෆຬɺෆศɺෆ҆ɺඇޮ཰ʣ Λ໌Β͔ʹ͢Δ

  49. όϦϡʔνΣʔϯ η ά ϝ ϯ τ େ ηάϝϯτ த ηάϝϯτ

    খ ηάϝϯτ ू٬ ༧໿؅ཧ υλΩϟϯ ରԠ ױऀ ؅ཧ ױऀ ఆணԽ ࣄ຿ ॲཧ ਓࣄ ࿑຿ ࣗඅ ࣏ྍ ݸਓ ܦӦ ݅ ֦େࢤ޲ ݅ ೥  ݅ ˕ ˓ ˕ ˓ ˕ ˓ 9 ݱঢ়ҡ࣋ ݅ ʢ೥ ݅ ˓ ˚ ˓ ˓ ˓ ˓ 9 νΣʔϯ ݅ ֦େࢤ޲ ݅ ೥ ݅ʣ ˓ ˚ ˕ ˓ ˕ ˚ ˚ ݱঢ়ҡ࣋ ݅ ೥ ݅ʣ ˓ ˚ ˓ ˓ ˓ ˚ ˚ อݥ ࣏ྍ ݸਓ ܦӦ ݅ ֦େࢤ޲ ݅ ʢ೥ ݅ʣ ˕ ˚ 9 ˚ ˚ ˕ ˓ ݱঢ়ҡ࣋ ݅ ʢ೥ ݅ʣ ˕ ˚ 9 ˚ ˚ ˕ ˓ νΣʔϯ ݅ ֦େࢤ޲ ݅ ೥ ݅ʣ ˓ ˚ 9 ˚ ˚ ˚ 9 ݱঢ়ҡ࣋ ݅ ೥ ݅ʣ ˓ ˚ 9 ˚ ˚ ˚ 9 ˕χʔζߴ˓χʔζத ˚χʔζ௿9χʔζͳ͠ ୅ସ ιϦϡʔγϣϯ ͋Γ ୅ସ 9:; ୅ସ 9:; ୅ସ "#$ ୅ସ &'( ୅ସ ιϦϡʔγϣϯ ͋Γ ୅ସ ιϦϡʔγϣϯ ͋Γ ୅ସ ιϦϡʔγϣϯ ͋Γ
  50. όϦϡʔνΣʔϯ η ά ϝ ϯ τ େ ηάϝϯτ த ηάϝϯτ

    খ ηάϝϯτ ू٬ ༧໿؅ཧ υλΩϟϯ ରԠ ױऀ ؅ཧ ױऀ ఆணԽ ࣄ຿ ॲཧ ਓࣄ ࿑຿ ࣗඅ ࣏ྍ ݸਓ ܦӦ ݅ ֦େࢤ޲ ݅ ೥  ݅ ˕ ˓ ˕ ˓ ˕ ˓ 9 ݱঢ়ҡ࣋ ݅ ʢ೥ ݅ ˓ ˚ ˓ ˓ ˓ ˓ 9 νΣʔϯ ݅ ֦େࢤ޲ ݅ ೥ ݅ʣ ˓ ˚ ˕ ˓ ˕ ˚ ˚ ݱঢ়ҡ࣋ ݅ ೥ ݅ʣ ˓ ˚ ˓ ˓ ˓ ˚ ˚ อݥ ࣏ྍ ݸਓ ܦӦ ݅ ֦େࢤ޲ ݅ ʢ೥ ݅ʣ ˕ ˚ 9 ˚ ˚ ˕ ˓ ݱঢ়ҡ࣋ ݅ ʢ೥ ݅ʣ ˕ ˚ 9 ˚ ˚ ˕ ˓ νΣʔϯ ݅ ֦େࢤ޲ ݅ ೥ ݅ʣ ˓ ˚ 9 ˚ ˚ ˚ 9 ݱঢ়ҡ࣋ ݅ ೥ ݅ʣ ˓ ˚ 9 ˚ ˚ ˚ 9 ˕χʔζߴ˓χʔζத ˚χʔζ௿9χʔζͳ͠ ୅ସ ιϦϡʔγϣϯ ͳ͠ ୅ସ 9:; ୅ସ 9:; ୅ସ "#$ ୅ସ &'( ୅ସ ιϦϡʔγϣϯ ͳ͠ ୅ସ ιϦϡʔγϣϯ ͳ͠
  51. όϦϡʔνΣʔϯ η ά ϝ ϯ τ େ ηάϝϯτ த ηάϝϯτ

    খ ηάϝϯτ ू٬ ༧໿؅ཧ υλΩϟϯ ରԠ ױऀ ؅ཧ ױऀ ఆணԽ ࣄ຿ ॲཧ ਓࣄ ࿑຿ ࣗඅ ࣏ྍ ݸਓ ܦӦ ݅ ֦େࢤ޲ ݅ ೥  ݅ ˕ ˓ ˕ ˓ ˕ ˓ 9 ݱঢ়ҡ࣋ ݅ ʢ೥ ݅ ˓ ˚ ˓ ˓ ˓ ˓ 9 νΣʔϯ ݅ ֦େࢤ޲ ݅ ೥ ݅ʣ ˓ ˚ ˕ ˓ ˕ ˚ ˚ ݱঢ়ҡ࣋ ݅ ೥ ݅ʣ ˓ ˚ ˓ ˓ ˓ ˚ ˚ อݥ ࣏ྍ ݸਓ ܦӦ ݅ ֦େࢤ޲ ݅ ʢ೥ ݅ʣ ˕ ˚ 9 ˚ ˚ ˕ ˓ ݱঢ়ҡ࣋ ݅ ʢ೥ ݅ʣ ˕ ˚ 9 ˚ ˚ ˕ ˓ νΣʔϯ ݅ ֦େࢤ޲ ݅ ೥ ݅ʣ ˓ ˚ 9 ˚ ˚ ˚ 9 ݱঢ়ҡ࣋ ݅ ೥ ݅ʣ ˓ ˚ 9 ˚ ˚ ˚ 9 ˕χʔζߴ˓χʔζத ˚χʔζ௿9χʔζͳ͠ ୅ସ 9:; ୅ସ 9:; ୅ସ "#$ ୅ସ &'( Ұ൪࠷ॳͰ ૂ͏ࢢ৔
  52. ͳͥ͜ͷࢢ৔ηάϝϯτ ʢΤϯτϦʔࢢ৔ʣΛ ࠷ॳʹબΜͩͷ͔Λ આ໌Ͱ͖Δ͜ͱ͕ॏཁ

  53. ࠷ॳͷࣄۀԾઆͰ େࣄͳͷ͸ z8IFSFz Ͳ͜Ͱ΍Δ͔ʁ

  54. ͳͥ "NB[PO͸ ੒ޭͨ͠ͷ͔ʁ

  55. "NB[PO͕ࣄۀΛ্ཱͪ͛ͨ࣌ zΤϒϦγϯάετΞʹͳΔz ͱ͍͏ϏδϣϯΛܝ͛ͨ

  56. զʑͷϏδϣϯ͸ ΤϒϦγϯάετΞʹͳΔ͜ͱͩɻ ͔͠͠ɺ࠷ॳ͔Βຊ౰ͷΤϒϦγϯ άετΞΛ্ཱͪ͛Δͷ͸ແཧͩɻ Կ͔Β࢝ΊΔ΂͖͔ʁ +F⒎#F[PT $&0P"NB[PO

  57. ࠷ॳʹ ίϯϐϡʔλιϑτ΢ΣΞɺ ࣄ຿༻඼ɺΞύϨϧ ԻָͳͲީิͱͳΔ ঎ࡐΛϦετΞοϓͨ͠ɻ

  58. ΧλϩάԽ ͷ͠΍͢͞ ग़ՙͷ ͷ͠΍͢͞ ؅ཧͷ ͠΍͢͞ ΦϑϥΠϯͰͷ खʹೖΓ΍͢͞ ϓϩμΫτ ΧςΰϦʔ

    &BTZ )BSE &BTZ )BSE &BTZ )BSE &BTZ )BSE &BTZ )BSE &BTZ )BSE &BTZ )BSE &BTZ )BSE &BTZ )BSE &BTZ )BSE &BTZ )BSE ചΕےͷຊ ϚΠφʔͳຊ ചΕےͷ%7% ϚΠφʔͳ%7% ిԽ੡඼ ւ֎੡ిԽ੡඼ Ո۩ ւ֎੡Ո۩ &BTZ )BSE &BTZ )BSE &BTZ )BSE &BTZ )BSE ചΕےͷதݹຊ ϚΠφʔͳதݹຊ ചΕےͷதݹ%7% ϚΠφʔͳதݹ%7% தݹిԽ੡඼ தݹւ֎੡ిԽ੡඼ தݹՈ۩ தݹւ֎੡Ո۩
  59. ॻ੶͕࠷ॳʹ ߈ΊΔ΂͖ࢢ৔ͱͯ͠࠷దͩͬͨ ͦͷཧ༝ͱͯ͠ ɾॻ੶ͳΒ͹ԿඦສλΠτϧͰ͋ͬͯ΋ΧλϩάԽͰ͖Δ ɾ͢΂͕ͯಉ͡ܗঢ়ͳͷͰൃૹ͠΍͍͢ ɾऔ࣍ళͷ਺΋ݶΒΕ͍ͯΔͷͰަব͠΍͍͢ ɾॻళ͕ࡏݿΛ๊͑ͨ͘ͳ͍ϩϯάςʔϧ঎඼ʹରԠ ͢Δ͜ͱ͕Ͱ͖Δ $PQZSJHIU.BTBZVLJ5BEPLPSP"MMSJHIUTSFTFSWFE

  60. ΧλϩάԽ ͷ͠΍͢͞ ग़ՙͷ ͷ͠΍͢͞ ؅ཧͷ ͠΍͢͞ ΦϑϥΠϯͰͷ खʹೖΓ΍͢͞ ϓϩμΫτ ΧςΰϦʔ

    &BTZ )BSE &BTZ )BSE &BTZ )BSE &BTZ )BSE &BTZ )BSE &BTZ )BSE &BTZ )BSE &BTZ )BSE &BTZ )BSE &BTZ )BSE &BTZ )BSE ചΕےͷຊ ϚΠφʔͳຊ ചΕےͷ%7% ϚΠφʔͳ%7% ిԽ੡඼ ւ֎੡ిԽ੡඼ Ո۩ ւ֎੡Ո۩ &BTZ )BSE &BTZ )BSE &BTZ )BSE &BTZ )BSE ചΕےͷதݹຊ ϚΠφʔͳதݹຊ ചΕےͷதݹ%7% ϚΠφʔͳதݹ%7% தݹిԽ੡඼ தݹւ֎੡ిԽ੡඼ தݹՈ۩ தݹւ֎੡Ո۩
  61. ਓؾͷ͋Δϕετηϥʔॻ੶ͳ Β͹ɺॻళʹߦ͚͹खʹೖͬͨ

  62. ϚΠφʔͳॻ੶Λ ಡΉʹ͸େܕਤॻؗʹ ߦͬͯआΓΔ͔͠બ୒ࢶ͕ͳ͔ͬͨ

  63. ΧλϩάԽ ͷ͠΍͢͞ ग़ՙͷ ͷ͠΍͢͞ ؅ཧͷ ͠΍͢͞ ΦϑϥΠϯͰͷ खʹೖΓ΍͢͞ ϓϩμΫτ ΧςΰϦʔ

    &BTZ )BSE &BTZ )BSE &BTZ )BSE &BTZ )BSE &BTZ )BSE &BTZ )BSE &BTZ )BSE &BTZ )BSE &BTZ )BSE &BTZ )BSE &BTZ )BSE ചΕےͷຊ ϚΠφʔͳຊ ചΕےͷ%7% ϚΠφʔͳ%7% ిԽ੡඼ ւ֎੡ిԽ੡඼ Ո۩ ւ֎੡Ո۩ &BTZ )BSE &BTZ )BSE &BTZ )BSE &BTZ )BSE ചΕےͷதݹຊ ϚΠφʔͳதݹຊ ചΕےͷதݹ%7% ϚΠφʔͳதݹ%7% தݹిԽ੡඼ தݹւ֎੡ిԽ੡඼ தݹՈ۩ தݹւ֎੡Ո۩ ୅ସҊ ୅ସҊͷڧ͞ ਤॻؗऑ͍ ॻళڧ͍ ਤॻؗऑ͍ Ϩϯλϧڧ͍ ௚઀༌ೖऑ͍ Ոి԰ڧ͍ ௚઀༌ೖऑ͍ Ո۩԰ڧ͍ ݹຊ԰த ݹຊ԰த ݹϨίʔυ԰த ݹϨίʔυ԰த தݹՈి԰த தݹՈి԰த தݹՈ۩԰த தݹՈ۩԰த
  64. Ծઆߏங Ұ࣍৘ใΛ ώΞϦϯά ؍࡯͢Δ Ծઆݕূ

  65. ΤόϯδΣϦετʹͳΔΑ͏ ͳΧελϚʔΛ୳ͦ͏ $PQZSJHIU.BTBZVLJ5BEPLPSP"MMSJHIUTSFTFSWFE

  66. ΤόϯδΣϦετΧελϚʔͷ୳͠ํ $PQZSJHIU.BTBZVLJ5BEPLPSP"MMSJHIUTSFTFSWFE 4UBSUVQ4DJFODF ஌Γ߹͍ʹ ঺հͯ͠΋Β͏

  67. 5XJUUFSͷzߴ౓ͳݕࡧzΛ࢖͍ ؔ࿈͢Δ୯ޠͰݕࡧ͢Δ ΤόϯδΣϦετΧελϚʔͷ୳͠ํ $PQZSJHIU.BTBZVLJ5BEPLPSP"MMSJHIUTSFTFSWFE 4UBSUVQ4DJFODF

  68. 'BDFCPPL(SPVQ Λ࡞ͬͯɺϑΥʔϥϜͰ ର࿩͢Δ ΤόϯδΣϦετΧελϚʔͷ୳͠ํ $PQZSJHIU.BTBZVLJ5BEPLPSP"MMSJHIUTSFTFSWFE 4UBSUVQ4DJFODF

  69. ϏβεΫͷΑ͏ͳ εϙοτίϯαϧςΟϯά Ͱ୳ͯ͠ΈΔ IUUQTTFSWJDFWJTBTRDPNDBNQBJHO $PQZSJHIU.BTBZVLJ5BEPLPSP"MMSJHIUTSFTFSWFE 4UBSUVQ4DJFODF ΤόϯδΣϦετΧελϚʔͷ୳͠ํ

  70. ؔ࿈͢ΔΧϯϑΝϨϯε ʹࢀՃ͢Δ ΤόϯδΣϦετΧελϚʔͷ୳͠ํ $PQZSJHIU.BTBZVLJ5BEPLPSP"MMSJHIUTSFTFSWFE 4UBSUVQ4DJFODF

  71. ΤόϯδΣϦετΧελϚʔͷ୳͠ํ ۀքͷਓ͕஌Γ߹͍ʹ ͍ͨΒϥϯνΛ͝஘૸͢Δ $PQZSJHIU.BTBZVLJ5BEPLPSP"MMSJHIUTSFTFSWFE

  72. $PQZSJHIU.BTBZVLJ5BEPLPSP"MMSJHIUTSFTFSWFE 4UBSUVQ4DJFODF Ͱ͖Δ͚ͩଟ͘ͷ Ұ࣍৘ใΛूΊΔʂ

  73. Ծઆߏங ώΞϦϯά ʢҰ࣍৘ใʣ Ծઆݕূ

  74. ૬ଓਓ ඃ૬ଓਓ ୅ସιϦϡʔγϣϯ Ҩ࢈૬ଓͷݱঢ়ϑϩʔ ෆศɺɺ ෆຬɺɺ ෆຬɺɺ Ϣʔβʔͷ ੠Λݕূ෼ੳ͢Δ

  75. Ϣʔβʔͷຊ౰ͷෆຬ͸Կ͔ʁ ෆຬΛҾ͖ى͍ͯ͜͠ΔཁҼ͸Կ͔ʁ

  76. ΧελϚʔͷ੠ͦͷ΋ͷ͸ ΧελϚʔࣗ਎ͷzૉਓ෼ੳz΍ ද໘తͰ͋Δ͜ͱ͕ଟ͍ ͨͩ୯ʹ ΧελϚʔͷ੠Λฉ͚ͩ͘͸/( $PQZSJHIU.BTBZVLJ5BEPLPSP"MMSJHIUTSFTFSWFE 4UBSUVQ4DJFODF

  77. ༏लͳҩऀʹͳΔ

  78. ಄͕௧͍ ಄௧ༀ ঱ঢ় ॲํ

  79. μϝͳҩऀͳΒ ͜ΕͰz಄௧ༀΛग़͢z

  80. ಄͕௧͍ ಄௧ༀ ৸ෆ଍ ਭ຾ༀ ঱ঢ় ॲํ 8IZ

  81. ಄͕௧͍ ಄௧ༀ ৸ෆ଍ ਭ຾ༀ ετϨε ͓ञ 8IZ ঱ঢ় ॲํ 8IZ

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    ঱ঢ় ॲํ 8IZ 8IZ ঱ঢ়ͷਅҼɿ ࣭ͷߴ͍՝୊
  83. ಄͕௧͍ ಄௧ༀ ৸ෆ଍ ਭ຾ༀ ετϨε ͓ञ ࢠҭͯͱ ࢓ࣄͷཱ྆ͷ ϓϨογϟʔ 8IZ

    ঱ঢ় ॲํ 8IZ 8IZ ద੾ͳ ιϦϡʔγϣϯఏҊ ϕϏʔ γολʔ
  84. ݴಈ ຊԻ ͦͷߦಈΛ ڧ͍ΒΕ͍ͯΔ ΧελϚʔͷຊԻ ͸ʁ ਂ૚ͷ ຊԻ ΧελϚʔࣗ਎͢Β ݴޠԽ͍ͯ͠ͳ͍

    ਂ૚ͷຊԻͱ͸ʁ ෼ੳͰ ਂ۷Γ͢Δ $PQZSJHIU.BTBZVLJ5BEPLPSP"MMSJHIUTSFTFSWFE 4UBSUVQ4DJFODF
  85. ԾઆΛߏங͢Δલ MM zԿ͕෼͔͍ͬͯͳ͍ͷ͔ɺ෼͔ͬͯͳ͍ঢ়ଶz ʢ6OLOPXOPG6OLOPXOT 

  86. ԾઆΛߏஙͨ͠ޙ MM zԿ͕෼͔͍ͬͯͳ͍ͷ͔ɺ෼͔͍ͬͯΔঢ়ଶz ,OPXOPG6OLOPXOT

  87. VOLOPXOPGVOLOPXO LOPXOPGVOLOPXO LOPXOPGLOPXO

  88. 1.'͕ݟ͑ͨΒ แׅతͳ ࣄۀܭը͕ඞཁʹͳΔ

  89. *10 4FSJFT" 4FSJFT# 4FSJFT$ .F[[BOJOF &BSMZ 4UBHF -BUFS 4UBHF 4FFE

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  91. ώτɾϞϊɾΧωɾ ϓϩηεɾઓུ %FGFOTJCJMJUZ  ͷ̑ͭΛצҊͯ͠ ࣄۀܭըΛ ߟ͑ΒΕ͍ͯ·͔͢ʁ

  92. 5SBDUJPO ച্ ΧελϚʔʣ 1SPEVDU 1SPDFTT $VTUPNFS4JEF 7BMVF$IBJO 1SPDFTT $PSQPSBUF TJEF

    1FPQMF ਓһߏ੒ʣ 7BMVBUJPO ݱࡏ ೥ޙ ೥ޙ ೥ޙ ্৔ ௚લظ ্৔࣌ ঢ়ଶΰʔϧϚτϦΫε ઓུ %FGFOTJCJMJUZ
  93. 5SBDUJPO ച্ ΧελϚʔʣ 1SPEVDU 1SPDFTT $VTUPNFS4JEF 7BMVF$IBJO 1SPDFTT $PSQPSBUF TJEF

    1FPQMF ਓһߏ੒ʣ 7BMVBUJPO ݱࡏ ೥ޙ ೥ޙ ೥ޙ ্৔ ௚લظ ্৔࣌ ঢ়ଶΰʔϧϚτϦΫε ઓུ %FGFOTJCJMJUZ ઓུ%FGFOTJCJMJUZ ώτ ϓϩηε όϦϡʔνΣʔϯʣ Ϟϊ ʢϓϩμΫτʣ Χω
  94. 5SBDUJPO ച্ ΧελϚʔʣ 1SPEVDU 1SPDFTT $VTUPNFS4JEF 7BMVF$IBJO 1SPDFTT $PSQPSBUF TJEF

    1FPQMF ਓһߏ੒ʣ 7BMVBUJPO ݱࡏ ೥ޙ ೥ޙ ೥ޙ ্৔ ௚લظ ্৔࣌ ঢ়ଶΰʔϧϚτϦΫε ઓུ %FGFOTJCJMJUZ ઓུ%FGFOTJCJMJUZ
  95. ઓུΛཱͯΔͨΊ ࣗࣾͷϑΣʔζΛ ཧղ͢Δ

  96. ϦεΫͷۄͶ͗࿦

  97. zϦεΫͷϦετΛ࡞ͬͯݟΔͱ ૑ۀνʔϜΛ࡞ΕΔ͔ɺϓϩμΫτΛ࡞ΕΔ͔ ϓϩμΫτΛϩʔϯνͰ͖Δ͔ɺ ࢢ৔ʹ͏·͘ड͚ೖΕΔΒΕΔ͔ɺͳͲ ઌʹਐΜͰ͍͘ͱϦεΫ͕ݱΕΔz ϚʔΫΞϯμϦʔηϯ $PQZSJHIU.BTBZVLJ5BEPLPSP"MMSJHIUTSFTFSWFE IUUQTMPHNJKQ 4UBSUVQ4DJFODF

  98. ϦεΫΦϙνϡχςΟʔͷνΣοΫϦετ ✔ɹ$VTUPNFS1SPCMFN'JU3JTL ՝୊Λݟ͚ͭΔ͜ͱ͕Ͱ͖Δ͔Ͳ͏͔ͷϦεΫ  ✔ɹ1SPCMFN4PMVUJPO'JU3JTL ͋Δ΂͖ιϦϡʔγϣϯΛݕূͰ͖Δ͔ͷϦεΫ  ✔'PVOEFSSFBEJOFTT3JTL ૑ۀऀ͕ελʔτΞοϓͷجຊతͳܕΛԡ͍͑ͯ͞Δ͔ͷϦεΫʣ ✔ɹ'PVOEFS*TTVF'JU3JTL

    ૑ۀऀͱ՝୊͕߹͍ͬͯΔ͔ͷϦεΫʣ ✔ *OJUJBM$BQJUBMJ[BUJPO3JTL ॳظͷࢿຊ੓ࡦϦεΫʣ ✔ɹ5FDIOJDBM'FBTJCJMJUZ3JTL ٕज़తʹ࣮ݱՄೳ͔ͷϦεΫʣ ✔ɹ1SPEVDUMBVODI3JTL ϓϩμΫτΛϩʔϯνͰ͖Δ͔ͷϦεΫʣ ✔ɹ'PVOEJOH5FBN#VJMEJOH3JTL ίΞϝϯόʔΛ૊੒Ͱ͖Δ͔ͷϦεΫʣ ✔ɹ1JWPU5PMFSBUJPO3JTL ϐϘοτʹ଱͑ΕΔ͔ͷϦεΫʣ ✔ɹ1SPEVDUNBSLFUpU3JTL ਓ͕ཉ͕͠Δ΋ͷΛ࡞ΕΔ͔ͷϦεΫʣ ✔ɹ1SPEVDU5SBDUJPO3JTL ϓϩμΫτͷτϥΫγϣϯ͕͋Δ͔ͷϦεΫʣ ✔ɹ6OJU&DPOPNJDT3JTL 6OJU&DPOPNJDTΛୡ੒Ͱ͖Δ͔ͷϦεΫʣ ✔0QFSBUJPOCMBDLCPY3JTL ۀ຿͕ϒϥοΫϘοΫεԽͯ͠͠·͏ϦεΫʣ ✔ ɹ4DBMFʢ(PUPNBSLFUԣల։ʣΦϙνϡχςΟʔɹʢ1.'ୡ੒ͨ͠ͷΛԣల։Ͱ͖Δ͔ ✔ 4DBMF 1SPEVDUSPBENBQ ΦϙνϡχςΟʔʢܧଓͯࢗ͠͞ΔϓϩμΫτ࡞ΕΔ͔ʣ ✔ ɹ4DBMF )JSJOH ϦεΫɹʢࣄۀ֦େͷͨΊʹਓΛ࠾༻Ͱ͖Δ͔ʣ ✔ ɹ4DBMF %FGFOTJCJMJUZCVJMEJOHڝ߹ഉআ ϦεΫʢ๷ޚนΛங͖ڝ߹Λഉআ͢Δ͜ͱ͕Ͱ͖Δ͔ʁʣ ✔ ɹ'PVOEFSUP$&0USBOTGPSN3JTL ىۀՈ͔ΒܦӦऀʹͳΕΔ͔ʣ ✔ ɹ$POHSPNBSJU%JTDPVOUϦεΫʢϙʔτϑΥϦΦܦӦΛͨ࣌͠ʹࣄۀؒͷγφδʔ͕͋Δ͔ʣ ✔ ɹ*10ϦεΫʢ*10Ͱ͖Δ͔ɺ*10લͷμ΢ϯϥ΢ϯυʹ͕଱͑͏Δ͔ʁʣ ✔ 1PTU*10(SPXUIΦϙνϡχςΟʔʢ্৔ޙʹ੒௕͢ΔͨΊͷ6QTJEFΛ࢓ࠐΜͰ͍Δ͔ʣ ͔࣍Β࣍΁ͱ ൃੜ͢ΔϦεΫ ΦϓνϡχςΟʔʹ ରԠͰ͖Δ͔ʁ
  99. ϦεΫΦϙνϡχςΟʔͷνΣοΫϦετ ✔ɹ$VTUPNFS1SPCMFN'JU3JTL ՝୊Λݟ͚ͭΔ͜ͱ͕Ͱ͖Δ͔Ͳ͏͔ͷϦεΫ  ✔ɹ1SPCMFN4PMVUJPO'JU3JTL ͋Δ΂͖ιϦϡʔγϣϯΛݕূͰ͖Δ͔ͷϦεΫ  ✔'PVOEFSSFBEJOFTT3JTL ૑ۀऀ͕ελʔτΞοϓͷجຊతͳܕΛԡ͍͑ͯ͞Δ͔ͷϦεΫʣ ✔ɹ'PVOEFS*TTVF'JU3JTL

    ૑ۀऀͱ՝୊͕߹͍ͬͯΔ͔ͷϦεΫʣ ✔ *OJUJBM$BQJUBMJ[BUJPO3JTL ॳظͷࢿຊ੓ࡦϦεΫʣ ✔ɹ5FDIOJDBM'FBTJCJMJUZ3JTL ٕज़తʹ࣮ݱՄೳ͔ͷϦεΫʣ ✔ɹ1SPEVDUMBVODI3JTL ϓϩμΫτΛϩʔϯνͰ͖Δ͔ͷϦεΫʣ ✔ɹ'PVOEJOH5FBN#VJMEJOH3JTL ίΞϝϯόʔΛ૊੒Ͱ͖Δ͔ͷϦεΫʣ ✔ɹ1JWPU5PMFSBUJPO3JTL ϐϘοτʹ଱͑ΕΔ͔ͷϦεΫʣ ✔ɹ1SPEVDUNBSLFUpU3JTL ਓ͕ཉ͕͠Δ΋ͷΛ࡞ΕΔ͔ͷϦεΫʣ ✔ɹ1SPEVDU5SBDUJPO3JTL ϓϩμΫτͷτϥΫγϣϯ͕͋Δ͔ͷϦεΫʣ ✔ɹ6OJU&DPOPNJDT3JTL 6OJU&DPOPNJDTΛୡ੒Ͱ͖Δ͔ͷϦεΫʣ ✔ 0QFSBUJPOCMBDLCPY3JTL ۀ຿͕ϒϥοΫϘοΫεԽͯ͠͠·͏ϦεΫʣ ✔ $VMUVSF#SFBLSJTLʢΧϧνϟʔ͕յΕͯ͠·͏ϦεΫʣ ✔ ɹ4DBMFʢ(PUPNBSLFUԣల։ʣΦϙνϡχςΟʔɹʢ1.'ୡ੒ͨ͠ͷΛԣల։Ͱ͖Δ͔ ✔ 4DBMF 1SPEVDUSPBENBQ ΦϙνϡχςΟʔʢܧଓͯࢗ͠͞ΔϓϩμΫτ࡞ΕΔ͔ʣ ✔ ɹ4DBMF )JSJOH ϦεΫɹʢࣄۀ֦େͷͨΊʹਓΛ࠾༻Ͱ͖Δ͔ʣ ✔ ɹ4DBMF %FGFOTJCJMJUZCVJMEJOHڝ߹ഉআ ϦεΫʢ๷ޚนΛங͖ڝ߹Λഉআ͢Δ͜ͱ͕Ͱ͖Δ͔ʁʣ ✔ ɹ'PVOEFSUFBNUP$90USBOTGPSN3JTL ىۀՈ͔ΒܦӦऀʹͳΕΔ͔ʣ ✔ ɹ$POHSPNBSJU%JTDPVOUϦεΫʢϙʔτϑΥϦΦܦӦΛͨ࣌͠ʹࣄۀؒͷγφδʔ͕͋Δ͔ʣ ✔ ɹ*10ϦεΫʢ*10Ͱ͖Δ͔ɺ*10લͷμ΢ϯϥ΢ϯυʹ͕଱͑͏Δ͔ʁʣ ✔ 1PTU*10(SPXUIΦϙνϡχςΟʔʢ্৔ޙʹ੒௕͢ΔͨΊͷ6QTJEFΛ࢓ࠐΜͰ͍Δ͔ʣ 1SF TFFE 4FFE 4FSJFT "d# 4FSJFT $d
  100. 1SF4FFE 4FFE 4FSJFT" 4FSJFT#d ʢεέʔϧΛ໨ࢦ͢ʣ 1SF*10 *10Λ໨ࢦ͢ʣ $1'14'Λ໨ࢦ͢ ʢ1.ୡ੒Λ໨ࢦ͢ʣ ʢ6OJUFDPOPNJDT݈શԽʣ

    1PTU*10 *10ޙͷ੒௕ʣ 4UBSUVQͷ ϑΣʔζຖ 3JTL $1'3JTL ॳظࢿຊ੓ࡦ3JTL 'PVOEFS*TTVF'JU3JTL 5FDIOJDBM'FBTJCJMJUZ3JTL 1SPEVDUMBVODI3JTL ૑ۀνʔϜ૊੒3JTL 1JWPUUPMFSBUJPO3JTL 1.'3JTL 6OJU&DPOPNJDT3JTL 0QFSBUJPO#MBDLCPY3JTL $VMUVSF#SFBL3JTL )JSJOH3JTL 5BMFOU3FUFOUJPO3JTL %FGFOTJCJMJUZ#VJMEJOH3JTL &OUSFQSFOFVSUP$90USBOTGPSNSJTL $POHMPNFSBUF%JTDPVOU3JTL *103JTL *10ޙ੒௕3JTL
  101. None
  102. None
  103. ϏδωεϞσϧ͸ʁ

  104. ϏδωεϞσϧʹΑͬͯ ੒௕ετʔϦʔ͕มΘͬͯ͘Δ

  105. ΫϦςΟΧϧϚεܕ

  106. ΫϦςΟΧϧϚεܕ Ϣʔβʔ਺͕ ͋Δᮢ஋ʹୡ͢Δͱ Ұؾʹ֦େ͢Δ ٸʹ ֦େ

  107. ߴ ߴ ௿ ௿ $PQZSJHIU.BTBZVLJ5BEPLPSP"MMSJHIUTSFTFSWFE 4UBSUVQ4DJFODF Ϣʔβʔ਺ 5SBDUJPO ϢʔβʔΤϯήʔδϝϯτ ϚʔέοτϓϨʔεܕͷ৔߹

    ྲྀ௨ྔΛ͋Δఔ౓ ૿͑ͳ͍ͱ Ϣʔβʔͷ Τϯήʔδϝϯτ͕ ߴ·Βͳ͍
  108. ৘ใײ౓͕ߴ͍ॳظϢʔβʔ ʢΞʔϦʔΞμϓλʔʣ͔Βɺ ΫϦςΟΧϧϚε૚Λૂ͏ϏδωεϞσϧ ʢϝϧΧϦɺ6CFS "JSCOC ϏβεΫͳͲʣ ΫϦςΟΧϧϚεܕɿ

  109. Πϊ ϕʔλʔ ΞʔϦʔ Ξμϓλʔ ΞʔϦʔ ϚδϣϦ Ϩʔτ ϚδϣϦ ϥΨʔυ શମͷd

    $PQZSJHIU.BTBZVLJ5BEPLPSP"MMSJHIUTSFTFSWFE 4UBSUVQ4DJFODF Ϣʔβʔ਺͕ ͋Δᮢ஋ ΩϟζϜӽ͑ʣ ʹୡ͢Δͱ Ұؾʹ֦େ͢Δ
  110. ϝϧΧϦͷࣄྫ

  111. ϝϧΧϦͷചΓ্͛ਪҠ Ϣʔβʔ਺͕͋Δᮢ஋ ʹୡ͢Δͱٸ֦େ͢Δ https://pl-bs.net/mercari/

  112.      Ϣʔβʔ਺͕͋Δᮢ஋ ʹୡ͢Δͱٸ֦େ͢Δ

  113. औҾྔ धཁऀଆͷ Ձ஋ ߴ͍ ௿͍ গͳ͍ ଟ͍ ωοτϫʔΫ ίετ ߴ͍

    ௿͍ ػձ ൃݟ ऩӹϞσϧ ͷཱ֬ αΠυ಺ ωοτϫʔΫ ͷେ͖͞ αΠυؒ ωοτϫʔΫ ͷେ͖͞ Ϛϧν ϗʔϛϯάରԠ ิ׬త ϓϩμΫτ 85"ͷ ฐ֐ରԠ ิ׬త ػೳ ॳظࢢ৔ ఆٛ ίϯϓϥΠΞϯε Ψόφϯε 1'Ϗδωε ͷϚΠϧετʔϯ
  114. $VSBUJPO ʢϚονϯά஥հʣ $SFEJCJMJUZ ʢ৴པੑʣ $POTJTUFODZ 69 $POUSJCVUJPO ʢࢀՃऀͷߩݙʣ $PNNVOJUZ $POUSPM

    ʢΨόφϯεʣ $PSSFDUJPO ʢੋਖ਼ʣ $PMMBCPSBUJPO ʢ؃൘ઓུʣ $PSF 5SBOTBDUJPO ,1* $ ,1* 4UBHF *EFBUJPO $1' .71 1.' 5SBOTJUJPO 5P4DBMF ʔ ʔ ʔ ʔ ʔ ʔ ͳ͍͕͠Ζʹ͞Ε͍ͯΔ Ձ஋ೝࣝ͞Ε͍ͯͳ͍ औҾ୯ҐΛݟ͚ͭΔ $PNQFUJUJPO ʢڝ߹ରࡦʣ $POUFOU ίϯςϯπ༠Ҿ ʔ 671Λݟ͚ͭΔ ݱϚʔέοτͷෆΛൃݟ ɾϦςϯγϣϯ཰ ɾ༗ྉԽస׵཰ ɾ༗ྉԽ͢Δ࣌ͷ෇ՃՁ஋ఏҊ ɾਖ਼ͷωοτϫʔΫޮՌΛ ੜΈग़͢ྑ޷ͳΠϯλϥΫγϣϯ཰ ʢྲྀಈੑʣ ɾϚονϯάଅਐͨΊʹϋΠλονͰ ϚονϯάΛߦ͏ ɾࣗΒχϫτϦཛʹͳΔ ɾίϯγΣϧδϡϞσϧΛ࠾༻ ɾΠϕϯτͳͲΛૂ͏ ࣗΒͷωοτϫʔΫΛ։୓ ελʔνΞοϓࣗΒ ίϛϡχςΟʔΛ্ཱͪ͛ͯӡӦ͠ ΧελϚʔϘΠεΛฉ͘ ݶΒΕͨࢢ৔ʹ͓͍ͯ ίΞτϥϯβΫγϣϯΛ ཱ֬͢Δ ɾωοτϫʔΫޮՌΛ ׆༻ͯ͠ڝ߹ʹࠩΛ͚ͭΔ ɾࢀՃऀͷਖ਼ͷωοτϫʔΫޮՌΛ ಋͨ͘Ίͷ๏ଇΛݟ͚ͭΔ ɾॏ૚తͳʢิ׬తͳʣ τϥϯβΫγϣϯΛݕূ࣮͠૷͢Δ ɾαΠυεΠονϯάΛଅ͢ ɾαϒεΫఆֹԽͷݕ౼ӡӦ ɾϖϧιφΛઃܭͯ͠ ݱঢ়ͷϖΠϯδϟʔχʔͱ ͋Δ΂͖όϦϡʔδϟʔχʔ ͷԾઆΛཱͯΔ ɾ-PXUPVDI5FDIUPVDI ͷΩϡϨʔγϣϯΛઃܭ͢Δ ɾεϚʔτϓϥΠγϯά ɾద੾ͳϓϥΠγϯάΛݕূ ɾػցֶश΍"*ͷಋೖΛݕ౼͢Δ ʢ5FDIUPVDIΩϡϨʔγϣϯʣ ɾิ׬తαʔϏεͷఏڙ ɾऔҾͷۭന஍ΛຒΊΔ ɾಉҰαΠυΫϩεαΠυͷ ωοτϫʔΫޮՌଅਐ ɾόϦϥϦςΟʔͷઃఆ ɾྑ͍ίϛϡχςΟͷ ঢ়ଶΛ໌֬ʹͯ͠ӡӦ͢Δ ɾϧʔϧํ਑ΛܾΊΔ ɾιʔγϟϧϦεχϯάΛ࣮ߦ ɾதൈ͖Λ๷͙ͨΊͷิ׬αʔϏεΛݕূ औҾΛఆੑతʹ ϞχλϦϯά ʢ)JHIUPVDI ࿩୊ͱͳΔΑ͏ͳ ΠϯϑϧΤϯαʔΛΦϯϘʔσΟϯά औҾΛੋਖ਼ )JHIUPVDI ɾίϛϡχςΟʔϚωʔδϟʔͷ࠾༻ ɾϢʔβʔάϧʔϓ ɾΤίγεςϜͷղ์ ɾΦʔϓϯϓϥοτϑΥʔϜ"1*Λ࣮૷ ͯ͠ΤίγεςϜΛ֦ு͢Δ ɾσʔλΞάϦήʔγϣϯ ɾϚϧνφγϣφϧԽ ίΞΠϯλϥΫγϣϯͷ ྲྀ௨ྔ͕5JQQJOHϙΠϯτΛ ௒͍͑ͯΔ ɾΫϦςΟΧϧϚεʹ౸ୡͰ͖Δ͔ ɾऔҾҰ݅͋ͨΓͷརӹ཰ ɾฏۉධՁ఺ ɾόϦϡʔδϟʔχʔΛ ϕʔεʹͯ͠69Λߏங͢Δ ʢϋΠλονͰߏஙʣ ɾϒϥϯυͷ֬཰ ɾϚεϢʔβʔ޲͚ʹల։ͯ͠85"ͷঢ়ଶΛங͘ ɾڝ߹͕ૂ͏ྖҬͷ௿Ձ֨Խ ϚεϢʔβʔΛऔΓࠐΉΑ͏ͳίϯςϯπΛ࡞Δ ɾμΠφϛοΫϓϥΠγϯά ɾσʔλΛ׆༻ͨ͠ύʔιφϥΠθʔγϣϯ ɾσʔλ׆༻ϙϦγʔͷಁ໌Խ औҾΛੋਖ਼ )JHIUPVDIPS -PXUPVDI $PNQMJBODF ɾ࠷ॳʹૂ͏΂͖ࢢ৔Λݕূ ɾੜ࢈ऀͱڙڅऀΛ݁ͼ͚ͭΔ ͜ͱʹՁ஋͕͋Δ͔Λݕূ ɾϢʔβʔͷΦϯϘʔσΟϯά ʹدΓఴͬͯɺ৘ใΛूΊΔ ʢϋΠλονΦϯϘʔσΟϯάʣ ɾݱঢ়ͷ୅ସҊΛݕূ͢Δ ʢݱঢ়ͷ୅ସҊʹͲΜͳෆ͕ ͋Δ͔Λݕূʣ ɾऔҾࣗମ͕๏཯ʹ ᧽৮͍ͯ͠ͳ͍͔ΛνΣοΫ ɾࣅͨΑ͏ͳϞσϧ͕ ग़ͯ͜ͳ͍͔΢ΥονΛଓ͚Δ ɾఆظతʹ߹๏ੑΛ νΣοΫ͢Δ ɾऔҾͷ߹๏ੑΛ ఆظతʹνΣοΫ͢Δ ɾϩʔλονςοΫλον ΦϯϘʔσΟϯάͰ͖ͳ͍͔Λݕূ͢Δ ɾෆ҆ͷนΛ৐Γӽ͑Δ๏ଇΛݟ͚ͭΔ ɾ69Λཁૉ෼ղͯ͠ ఆظతʹΩʔυϥΠόʔ෼ੳΛߦ͏ ɾੜ࢈ऀফඅऀ޲͚ͷ69ͷڧԽ ɾΧελϚʔαʔϏεͷ࣮૷ӡ༻ ɾϓϩμ΢τνϟωϧϑΟοτ Λୡ੒͢Δ ʢ̍ͭͰ΋উͪےͷνϟωϧΛݟ͚ͭΔʣ ɾαΠυεΠονϯά཰ ɾΤίγεςϜ಺෦͔Βͷ௅ઓʹରԠ͢Δ ʢྗΛ࣋ͬͨύϫʔηϥʔ΁ͷରԠʣ ࿩୊ͱͳΔΑ͏ͳ ΠϯϑϧΤϯαʔϦετ࡞Γ ʢ৔߹ʹΑͬͯίϯλΫτʣ ࿩୊ͱͳΔΑ͏ͳ ΠϯϑϧΤϯαʔΛϚωʔδϝϯτ͢Δ ɾਓͷؾ഑͕͢Δ5FDIUPVDIΛ࣮૷ ɾϚεϢʔβʔ޲͚ͷ৴པΛఆٛͯ͠ৢ੒͢Δ ɾଟࠃԽઓུʹͯɺ֤ϩʔΧϧͷ৴པΛݴޠԽ ɾେن໛ͳϢʔβʔΧϯϑΝϨϯε ɾڠձͷઃཱ ɾϩϏʔ׆ಈΛ௨ͯ͡ݹ͍ن੍ΛΞοϓσʔτ ɾڝ߹αʔϏεͷങऩݕ౼ ɾϚϧνϗʔϛϯάରԠ औҾΛੋਖ਼ -PXUPVDIPS5FDIUPVDI
  115. ੵΈ্͛ܕ

  116. ੵΈ্͛ܕ ॳظ͔Β͡Θ͡Θͱ ചΓ্ཱ͕͛ͭϞσϧɻ ސ٬ͱͷؔ܎͸ɺ ੵΈ্͕͍ͬͯͨ͘Ί ͋Δఔ౓ͷΩϟογϡϑϩʔΛ ಘΔ͜ͱ͕ظ଴Ͱ͖ ઙ͍+ΧʔϒʹͳΔɻ

  117. 8BOUFEMZ 'SFFF  4NBSU)3 ͳͲͷ4BB4ܕ4VCTDSJUJPOܕ ͷϏδωεϞσϧ

  118. γʔυ γϦʔζ" γϦʔζ# ੵΈ্͛ܕͷ৔߹͸Ұؾʹଟֹʹௐୡ͢ΔͷͰ͸ͳ͘ ஈ֊తʹௐୡͯ͠ߦ͘

  119. 3%ܕ

  120. ࣮ূ࣮ݧΛ܁Γฦ͠ɺ ঎༻Խ͢Δ·Ͱ͸͕͔͔࣌ؒͬͯ͠·͏ɻ ର৅ͱ͍ͯ͠Δٕज़͕ɺଞࣾʹΑͬͯ ઌߦ͞Εͳ͍͔͕ΩʔʹͳΔ 3%ܕ

  121. ։ൃϚΠϧετʔϯͱ ࢿۚௐୡλΠϛϯά͕ॏཁ

  122. ॿ੒ۚΛ ࢖͍ॳظݚڀ γʔυͰ ࣮ূ࣮ݧ γϦʔζ"ʙ Ͱച্ཱͯΔ ݚڀ։ൃϑΣʔζຖʹ ࢿۚௐୡΛ෼͚ͯߟ͑Δ γϦʔζ#ʙ Ͱࣄۀ֦େ

  123. ΤϯτϦʔࢢ৔͔Β ͲͷΑ͏ʹԣల։͢Δ͔ʁ

  124. $PQZSJHIU.BTBZVLJ5BEPLPSP"MMSJHIUTSFTFSWFE

  125. $PQZSJHIU.BTBZVLJ5BEPLPSP"MMSJHIUTSFTFSWFE Ϋϥ΢υϫʔΫε͸ َϋΠλονͱݶఆηάϝϯτΞϓϩʔν Ͱૣظͷ1.'Λୡ੒͠ ೥̕ϲ݄Ͱ্৔Λୡ੒ͨ͠

  126. ੌ࿹ΤϯδχΞ͕ू͏ ϋοΧιϯʹ૑ۀऀͷ٢ా͞Μ ࣗΒࢀՃͨ͠

  127. εϙϯαʔͱͯ͠ ϐβΛఏڙ

  128. Ϋϥ΢υϫʔΫεʹ ੋඇొ࿥͍ͯͩ͘͠͞ʂ

  129. ϋοΧʔϨϕϧͷ ΤϯδχΞ͕ਓαΠϯΞοϓ $PQZSJHIU.BTBZVLJ5BEPLPSP"MMSJHIUTSFTFSWFE

  130. Ϋϥ΢υϫʔΫεొ࿥ΤϯδχΞ ϋοΧʔϨϕϧͷ ੌ࿹ΤϯδχΞ͕ ొ࿥ͯ͠࿩୊ʹͳͬͨ

  131. ͦͷొ࿥ϝϯόʔΛ ΈͨΤϯδχΞ͕ ਓαΠϯΞοϓͨ͠ $PQZSJHIU.BTBZVLJ5BEPLPSP"MMSJHIUTSFTFSWFE

  132. ΤϯδχΞͷϦετΛ ϕʔεʹ๏ਓސ٬ࣾΛ֫ಘ

  133. ࠷ॳ͸ɺࣗΒ ϚονϯάΛߦ͍ ૬ޓ࡞༻ͷϘτϧωοΫΛ আڈ͢Δ

  134. اۀ ਓͷ ΤϯδχΞ Ϋϥ΢υϫʔΫεͷϏδωεϞσϧόʔδϣϯ̍ ʢ.71 ొ࿥ $8 ΤϯδχΞ ͷ঺հ ϐβͷఏڙ

    ख਺ྉ Ϛονϯάσʔλ Ϛονϯάϊ΢ϋ΢
  135. αΠτ ͷ๚໰ 4VQQMJFS ڙڅऀʣ #VZFS ʢফඅऀʣ ΞΧ΢ϯτ ࡞੒ ܝࡌ৘ใͷ ࡞੒

    ܝࡌ Ҿ͖߹͍ͷ ௨஌ औҾ ߪೖऀ͕ ൢചऀΛධՁ ఆண αΠτ ͷ๚໰ ΞΧ΢ϯτ ࡞੒ ঎඼ɺαʔϏε ͷݕࡧ ݕࡧ݁Ռ දࣔ औҾ ൢചऀ͕ ߪೖऀΛධՁ σϦόϦʔ #PPLJOH σϦόϦʔ ఆண ফඅऀଆ ϝτϦΫε ڙڅऀଆ ϝτϦΫε ཭୤཰ ཭୤཰ ΞΫςΟ ϕʔγϣϯ཰ ΞΫςΟ ϕʔγϣϯ཰ ܝࡌ৘ใ ׬ྃ཰ ཭୤཰ ϒοΩϯά཰ औҾ੒ཱ཰ औҾ੒ֹཱ औҾ੒ཱ཰ औҾ੒ֹཱ ධՁ఺਺ ධՁ఺਺ ϓϥοτϑΥʔϜܕͷϑϩʔ μϒϧαΠυ ϝτϦΫε ݕࡧ݁Ռͷ Ϛονϯά཰ ൢചऀɾڙڅऀ ͷฏۉධՁ఺਺ Ձ஋ͷަ׵ ྲྀ௨ྔ ৘ใͷަ׵ ࣭ͱྔ Ϧϐʔτ཰ 8"6."6 Ϧϐʔτ཰ 8"6."6 σϦόϦʔ ϦʔυλΠϜ ࠷ॳ͸ࣗΒ ಈ͍ͯ྆ଆΛ ू٬͢Δ ࠷ॳ͸ࣗΒ ಈ͍ͯ྆ଆΛ ू٬͢Δ
  136. ίϯγΣϧδϡϞσϧͰ੒ཱͨ͠Β ࣍͸ɺΤϯδχΞͷྖҬʹߜΓ͜Ή ʢχʔζ͕Ұ൪ߴ͔͔ͬͨΒʣ

  137. ৬ۀ ϓϩ ෭ۀ اۀ͔Β ͷχʔζ ΤϯδχΞ σβΠφʔ ϥΠλʔ ୯७࡞ۀऀ ϓϩ

    ෭ۀ ϓϩ ෭ۀ ϓϩ ෭ۀ ϓϩ ෭ۀ ˕ ˓ ˓ ˓ ˚ ˚ ˚ ˚ ࠷ॳ͸ ߜΓࠐΜͩ
  138. 'FBTJCJMJUZ 4DBMBCJMJUZ ௿͍ ߴ͍ ௿͍ ߴ͍ ɾίϯαϧࣄۀ ɾडୗࣄۀ ɾళฮൢച ɾίϯαϧܕࣄۀʢϋΠλονʣΛ

    4BB4ܕʢϩʔλονςοΫλονʣ ʹస׵ ɾݶఆతηάϝϯτͰϓϥοτϑΥʔϜల։ ɾύΠϓϥΠϯܕ͔Β ϓϥοτϑΥʔϜʹస׵ ɾళฮ͔Β%$Ϗδωεʹస׵ Ϋϥ΢υ ϫʔΫε ɾ࠷ॳ͔ΒશํҐతϓϥοτϑΥʔϜ ܕΛ໨ࢦ͢ ɾ࠷ॳ͔Β5FDIUPVDIϝΠϯͰ4BB4 Λ໨ࢦ͢
  139. ͜ͷܾఆʹ͸ڪා͕͋ͬͨɻ ϥΠλʔͷํ͕฼਺͕ଟ͍ͳͱ͔ σβΠφʔ΋औΓࠐ·ͳ͍ͱ ֎஫΋औΕͳ͍ͷͰ͸ʁ ͱ಄ΛΑ͗ͬͨ ٢ాߒҰ࿠ Ϋϥ΢υϫʔΫε$&0

  140. اۀ ϓϩΤϯδχΞ Ϋϥ΢υϫʔΫεͷ ϏδωεϞσϧόʔδϣϯ̎ ొ࿥ $8 ঺հ ใु Ϛονϯάσʔλ Ϛονϯάϊ΢ϋ΢

    ใु ϓϩΤϯδχΞ ʹߜΓࠐΜͩ
  141. 1%$"ͷ$Λҙࣝͯ͠ αʔϏεΛ࡞Δ ʢܭଌΛҙࣝͯ͠αʔϏεΛ࡞Δʣ

  142. ٢ాߒҰ࿠ Ϋϥ΢υϫʔΫε$&0 ϦΞϧλΠϜʹܭଌ͢ΔͨΊʹ ࠷ॳ͔Β؅ཧը໘Λ࡞Γ·ͨ͠ɻ αʔϏε͕։࢝͢Δͱ ໨ͷલͷαϙʔτ΍ όάվળʹඞࢮʹͳΔ ͳͷͰɺ࠷ॳ͔Β ؅ཧը໘Λ࡞Δ΂͖Ͱ͢

  143. Ϋϥ΢υϫʔΫε͸ ϦΞϧλΠϜʹͷ,1*Λݟ͑ΔԽ

  144. 1%$"ͷ $IFDL ܭଌʣ͔Β ࣄۀΛ૊ΈཱͯΔ

  145. αΠτ ͷ๚໰ 4VQQMJFS ڙڅऀʣ #VZFS ʢফඅऀʣ ΞΧ΢ϯτ ࡞੒ ܝࡌ৘ใͷ ࡞੒

    ܝࡌ Ҿ͖߹͍ͷ ௨஌ औҾ ߪೖऀ͕ ൢചऀΛධՁ ఆண αΠτ ͷ๚໰ ΞΧ΢ϯτ ࡞੒ ঎඼ɺαʔϏε ͷݕࡧ ݕࡧ݁Ռ දࣔ औҾ ൢചऀ͕ ߪೖऀΛධՁ σϦόϦʔ #PPLJOH σϦόϦʔ ఆண ফඅऀଆ ϝτϦΫε ڙڅऀଆ ϝτϦΫε ཭୤཰ ཭୤཰ ΞΫςΟ ϕʔγϣϯ཰ ΞΫςΟ ϕʔγϣϯ཰ ܝࡌ৘ใ ׬ྃ཰ ཭୤཰ ϒοΩϯά཰ औҾ੒ཱ཰ औҾ੒ֹཱ औҾ੒ཱ཰ औҾ੒ֹཱ ධՁ఺਺ ධՁ఺਺ ϓϥοτϑΥʔϜܕͷϑϩʔ μϒϧαΠυ ϝτϦΫε ݕࡧ݁Ռͷ Ϛονϯά཰ ൢചऀɾڙڅऀ ͷฏۉධՁ఺਺ Ձ஋ͷަ׵ ྲྀ௨ྔ ৘ใͷަ׵ ࣭ͱྔ Ϧϐʔτ཰ 8"6."6 Ϧϐʔτ཰ 8"6."6 σϦόϦʔ ϦʔυλΠϜ ൃ஫ऀଆ ͷ,1* Λࡉ͔͘ͱΔ
  146. Ϛονϯά཰΍ ྲྀ௨૯ֹ͕ߴ·͖͔ͬͯͯΒ ଞͷ৬छʹల։ͨ͠

  147. ৬ۀ ϓϩ ෭ۀ اۀ͔Β ͷχʔζ ΤϯδχΞ σβΠφʔ ϥΠλʔ ୯७࡞ۀऀ ϓϩ

    ෭ۀ ϓϩ ෭ۀ ϓϩ ෭ۀ ϓϩ ෭ۀ ˕ ˓ ˓ ˓ ˚ ˚ ˚ ˚ ର৅ྖҬΛ ޿͍͛ͯͬͨ
  148. اۀ ϓϩ ΤϯδχΞ Ϋϥ΢υϫʔΫεͷ ϏδωεϞσϧόʔδϣϯ ొ࿥ $8 ঺հ ใु Ϛονϯάσʔλ

    Ϛονϯάϊ΢ϋ΢ ใु ϓϩ ϥΠλʔ ϓϩ σβΠφʔ
  149. %FGFOTJCJMJUZ

  150. ᶈ0QFSBUJPOBM &YDFMMFODF 7BMVFDIBJO ᶄ%BUB .BSLFU *OTJHIU ᶃ5FDIOPMPHZ *OOPWBUJPONPEFM ᶇ$VMUVSF 5FBN

    $90 ᶆ#SBOE "XBSFOFTT ᶅ/FUXPSL F⒎FDU #VTJOFTT SFMBUJPOTIJQ *1 5FDIUPVDI 0QFSBUJPO )JHIUPVDI 0QFSBUJPO )JSJOH3FUFOUJPO 1PXFS .BTT6TFS "EBQUBUJPO 1FSTPOBMJ[BUJPO 4UBSUVQ %FGFOTJCJMJUZ $JSDMFT
  151. ᶃ5FDIOPMPHZɹ ٕज़ྗʣ ᶄ%BUB.BSLFU*OTJHIUʢσʔλྔσʔλϞσϧΠϯαΠτʣ ᶅ/FUXPSLF⒎FDU#VTJOFTT3FMBUJPOTIJQ ʢεέʔϧϝϦοτ֫ಘͷωοτϫʔΫޮՌऔҾؔ܎ͷ࣭ྔʣ ᶆ#SBOE"XBSFOFTT ϒϥϯυՁ஋ೝ஌౓ʣ ᶇ$VMUVSF5FBN$90 ձࣾͷจԽ.77νʔϜܦӦਞͷ༏ल͞ʣ ᶈ0QFSBUJPOBM&YDFMMFODF7BMVFDIBJO

    ʢΦϖϨʔγϣφϧΤΫηϨϯεඪ४ԽόϦϡʔνΣʔϯ੒ख़౓ʣ ᶉ4USBUFHZ %FGFOTJCJMJUZͷཁҼ
  152. اۀ Ձ஋ #4 1- Ձ஋ ɾݱࡏͷऩӹੑ ɾ#4ͷ݈શੑʢݱ༬ۚɺआۚʣ ɾݻఆࢿ࢈ͷՁ஋ γεςϜɺઃඋͳͲʣ ελʔτΞοϓͷՁ஋ʢόϦϡΤʔγϣϯʣΛܾΊΔཁૉ

    %FGFOTJCJMJUZ "TTFU ڝ߹༏Ґੑ ࢿ࢈ʣ ɾࣗࣾอ༗ςΫϊϩδʔͷलҳ͞ ɾ஌ࡒʢಛڐʣ ɾΤϯδχΞϝϯόʔͷೳྗٕज़ྗ ɾ1SPEVDUͷलҳੑ 5FDIOPMPHZ*1&OHJOFFSJOH ɾ.BSLFU*OTJHIU ɾ%BUBྔ%BUBϞσϧ ɾ%BUB%SJWFOܦӦͷϊ΢ϋ΢γεςϜ %BUB*OTJHIU ɾىۀՈͷۀքݖҖੑ$BQBCJMJUZ4LJMM ɾܦӦೳྗ ɾ.77ͷਁಁ౓ ɾ5FBNϝϯόʔͷ$BQBCJMJUZ ɾϝϯόʔͷΤϯήʔδϝϯτϞνϕʔγϣϯ $VMUVSF5FBN$90 /FUXPSLF⒎FDU #VTJOFTTSFMBUJPOTIJQ"TTFU #SBOE"XBSFOFTT.BSLFUJOH"TTFU 0QFSBUJPOBM&YDFMMFODF ɾόϦϡʔνΣʔϯͷ੒ख़౓ΧελϚʔରԠଆϊ΢ϋ΢ ʢϕετϓϥΫςΟεɺࣄྫɺϚχϡΞϧͳͲʣ ɾόϦϡʔνΣʔϯͷ੒ख़౓ίʔϙϨʔταΠυϊ΢ϋ΢ ʢҙࢥܾఆਝ଎Խͷ࢓૊ΈɺΨόφϯεɺίϯϓϥΠΞϯεͳͲʣ ɾωοτϫʔΫޮՌ ɾϦϨʔγϣϯγοϓΞηοτ ʢސ٬ɺϝσΟΞɺΨόϝϯτɺ౤ࢿՈɺ ϝϯλʔΞυόΠβʔɺαϓϥΠϠʔͳͲʣ ɾ޿ࠂҎ֎ͷސ٬֫ಘνϟωϧ ʢϝσΟΞϦϨʔγϣϯίϛϡχςΟʔ ΠϯϑϧΤϯαʔͳͲʣ ɾ޿ࠂʹΑΔ֫ಘνϟωϧ ɾϒϥϯυೝ஌౓ ɾઓུͷ໌֬͞ ɾઓུͷಠࣗੑ ɾΠϊϕʔγϣϯϞσϧ 4USBUFHZ
  153. 1SF4FFE 4FFE 4FSJFT" 4FSJFT#d ʢεέʔϧΛ໨ࢦ͢ʣ 1SF*10 *10Λ໨ࢦ͢ʣ $1'14'Λ໨ࢦ͢ ʢ1.ୡ੒Λ໨ࢦ͢ʣ ʢ6OJUFDPOPNJDT݈શԽʣ

    1PTU*10 *10ޙͷ੒௕ʣ 5FDIOP MPHZ .BSLFU*OTJHIU *OTJHIU 5SBDUJPO %BUB $VMUVSF 5FBN $90 #VTJOFTT SFMBUJPOTIJQ "TTFU 4USBUFHZ /FUXPSL ޮՌ #SBOE "XBSFOFTT .BSLFUJOH "TTFU 1SPEVDU 7BMVF $IBJO 0QFSBUJPOBM &YDFMMFODF ࣗࣾςΫϊϩδʔͷलҳ͞ ΤϯδχΞϝϯόʔͷ༏ल͞ ஌ࡒಛڐɹ %FFQ5FDIͷ৔߹͸ॳظ͔Βඞཁ %BUBྔ%BUBϞσϧ%BUB%SJWFOܦӦͷϊ΢ϋ΢γεςϜ #VTJOFTT3FMBUJPOTIJQ"TTFU ϩʔυϚοϓઓུͷղ૾౓ͷߴ͞ ىۀՈͷۀքݖҖੑ$BQBCJMJUZ4LJMM ىۀՈˠܦӦऀʹ5SBOTGPSN .77ͷਁಁ౓ ޿ࠂҎ֎ͷ֫ಘνϟωϧ ޿ࠂʹΑΔ֫ಘνϟωϧ ϒϥϯυՁ஋ೝ஌౓ ϑϩϯτଆͷόϦϡʔνΣʔϯͷ੒ख़౓ ίʔϙϨʔτଆͷόϦϡʔνΣʔϯͷ੒ख़౓ 1.'ͷࣔࠦ ϝϯόʔͷ$BQBCJMJUZ&OHBHFNFOU 5SBDUJPO ϓϩμΫτͷलҳੑ 1SPEVDUQPSUGPMJPͷγφδʔ
  154. اۀ Ձ஋ #4 1- Ձ஋ ɾݱࡏͷऩӹੑ ɾ#4ͷ݈શੑʢݱ༬ۚɺआۚʣ ɾݻఆࢿ࢈ͷՁ஋ γεςϜɺઃඋͳͲʣ ελʔτΞοϓͷՁ஋ʢόϦϡΤʔγϣϯʣΛܾΊΔཁૉ

    %FGFOTJCJMJUZ "TTFU ڝ߹༏Ґੑ ࢿ࢈ʣ ɾࣗࣾอ༗ςΫϊϩδʔͷलҳ͞ ɾ஌ࡒʢಛڐʣ ɾΤϯδχΞϝϯόʔͷೳྗٕज़ྗ ɾ1SPEVDUͷलҳੑ 5FDIOPMPHZ*1&OHJOFFSJOH ɾ.BSLFU*OTJHIU ɾ%BUBྔ%BUBϞσϧ ɾ%BUB%SJWFOܦӦͷϊ΢ϋ΢γεςϜ %BUB*OTJHIU ɾىۀՈͷۀքݖҖੑ$BQBCJMJUZ4LJMM ɾܦӦೳྗ ɾ.77ͷਁಁ౓ ɾ5FBNϝϯόʔͷ$BQBCJMJUZ ɾϝϯόʔͷΤϯήʔδϝϯτϞνϕʔγϣϯ $VMUVSF5FBN$90 /FUXPSLF⒎FDU #VTJOFTTSFMBUJPOTIJQ"TTFU #SBOE"XBSFOFTT.BSLFUJOH"TTFU 0QFSBUJPOBM&YDFMMFODF ɾόϦϡʔνΣʔϯͷ੒ख़౓ΧελϚʔରԠଆϊ΢ϋ΢ ʢϕετϓϥΫςΟεɺࣄྫɺϚχϡΞϧͳͲʣ ɾόϦϡʔνΣʔϯͷ੒ख़౓ίʔϙϨʔταΠυϊ΢ϋ΢ ʢҙࢥܾఆਝ଎Խͷ࢓૊ΈɺΨόφϯεɺίϯϓϥΠΞϯεͳͲʣ ɾωοτϫʔΫޮՌ ɾϦϨʔγϣϯγοϓΞηοτ ʢސ٬ɺϝσΟΞɺΨόϝϯτɺ౤ࢿՈɺ ϝϯλʔΞυόΠβʔɺαϓϥΠϠʔͳͲʣ ɾ޿ࠂҎ֎ͷސ٬֫ಘνϟωϧ ʢϝσΟΞϦϨʔγϣϯίϛϡχςΟʔ ΠϯϑϧΤϯαʔͳͲʣ ɾ޿ࠂʹΑΔ֫ಘνϟωϧ ɾϒϥϯυೝ஌౓ ɾઓུͷ໌֬͞ ɾઓུͷಠࣗੑ ɾΠϊϕʔγϣϯϞσϧ 4USBUFHZ
  155. ແܗࢿ࢈ ༗ܗࢿ࢈ %FGFOTJCJMJUZ "TTFU ࣋ଓతڝ߹༏Ґࢿ࢈ʣ ࢿ࢈ͷ͏ͪҰ෦͕ %FGFOTJCJMJUZ "TTFUʹͳΔ

  156. 5SBDUJPO ച্ ΧελϚʔʣ 1SPEVDU 1SPDFTT $VTUPNFS4JEF 7BMVF$IBJO 1SPDFTT $PSQPSBUF TJEF

    1FPQMF ਓһߏ੒ʣ 7BMVBUJPO ݱࡏ ೥ޙ ೥ޙ ೥ޙ ্৔ ௚લظ ্৔࣌ ঢ়ଶΰʔϧϚτϦΫε ઓུ %FGFOTJCJMJUZ Ϟϊϓϩηεώτ
  157. Ϟϊώτϓϩηε ΛࡾҐҰମͰ ߟ͑Δ

  158. ࣗࣾͷ6OJU &DPOPNJDTΛਖ਼֬ʹ ೺Ѳ͍ͯ͠·͔͢ʁ

  159. 6OJU&DPOPNJDT ʢ-57➗$1"ʣ Y ސ٬਺  ࣄۀͷऩӹ "316YӦۀརӹ཰ Y  ݄ͷ$IVSO཰

  160. 6OJU&DPOPNJDT ʢ-57➗$1"ʣ Y ސ٬਺  "316YӦۀརӹ཰ Y  ݄ͷ$IVSO཰ ᶃ·ͣ࠷ॳʹ

    ݄ͷ$IVSO཰Λ վળ͢Δ ᶄ࣍ʹ$1" ΛԼ͛Δ ᶅ 6OJU&DPOPOJNJDT Λ݈શԽͯ͠ ސ٬਺Λ૿΍͢ ࣄۀͷऩӹ
  161. 6OJUFDPOPNJDT݈શԽͷલʹ ੵۃతʹސ٬֫ಘʹ౤ࢿ͢Δ͜ͱ͸ ݀ͷۭ͍ͨόέπʹਫΛ஫͙Α͏ͳ΋ͷͰ͋Δ $PQZSJHIU.BTBZVLJ5BEPLPSP"MMSJHIUTSFTFSWFE 4UBSUVQ4DJFODF

  162. ݱঢ়ͷ όϦϡʔνΣʔϯΛ ՄࢹԽͰ͖͍ͯ·͔͢ʁ

  163. )3ࡒ຿๏຿ .BSLFUJOH #J[%FW 1SPUPUZQF *NQMFNFOU BUJPO $VTUPNFS 4VDDFTT ։ൃ ඪ४Խ

    औక໾"͞Μ औక໾"͞Μ ୅දऔక໾#͞Μ ΤϯδχΞ$͞Μ ઃܭ ֎஫ઌΤϯδχΞ 9:;ࣾͷࣾ಺ମ੍ʢ1SFTFFEظʣ
  164. )3ࡒ຿๏຿ .BSLFUJOH #J[%FW 1SPUPUZQF *NQMFNFOU BUJPO $VTUPNFS 4VDDFTT ։ൃ ඪ४Խ

    औక໾"͞Μ औక໾"͞Μ ୅දऔక໾#͞Μ ΤϯδχΞ$͞Μ ઃܭ ֎஫ઌΤϯδχΞ 9:;ࣾͷࣾ಺ମ੍ʢ1SFTFFEظʣ ͜ͷϓϩηε͕ શମͷϘτϧωοΫ ඪ४Խ୲౰͕͍ͳ͍ͷͰ ແܗࢿ࢈͕஝ੵ͞Εͳ͍ ʢόϦϡΤʔγϣϯϦλʔϯ͕ ஝ੵ͞Εͳ͍ʣ "͞Μͷෛ୲͕ େ͖͍ "͞Μͷෛ୲͕ େ͖͍ ୭΋ ͍ͳ͍
  165. )3ࡒ຿๏຿ .BSLFUJOH #J[%FW 1SPUPUZQF *NQMFNFOU BUJPO $VTUPNFS 4VDDFTT ։ൃ ඪ४Խ

    औక໾"͞Μ औక໾"͞Μ ୅දऔక໾#͞Μ ΤϯδχΞ$͞Μ ઃܭ ֎஫ઌΤϯδχΞ 9:;ࣾͷࣾ಺ମ੍ʢ4FFEظʣ γʔυϑΝΠφϯε Ͱิڧ͢Δਓࡐ γϦʔζ"ϑΝΠφϯε Ͱิڧ͢Δਓࡐ γϦʔζ"ϑΝΠφϯε Ͱิڧ͢Δਓࡐ γϦʔζ"ϑΝΠφϯε Ͱิڧ͢Δਓࡐ
  166. ࠾༻͢Δ΂͖ਓ෺΍ ࠾༻ܭը͕ Ͱ͖͍ͯ·͔͢ʁ

  167. ߴ໺༑ඒ͞Μ ܦྺɿ֎ࢿܥͷίϯαϧʹͯӦۀϚωʔδϟʔ ਓ෺ͷλΠϓɿ࣮ݱλΠϓ ࢤ޲ੑɿ͖ͬͪΓϚωʔδϟʔλΠϓ ͲΜͳͱ͜ΖͰಇ͍͍ͯΔɿυΠπۜߦ ͲΜͳಇ͖ํΛ͍ͯ͠ΔɿϑϨοΫε ͲΜͳ࢓ࣄΛ͖ͯͨ͠ɿ ʢސ٬૚ɿେखاۀɹ঎ࡐಛੑɿແܗ঎ࡐɹ࣮੷੒ՌɿΩϟϦΞͷϑΝετύεɹεΩϧηο τɿ෼ੳࢥߟίϯαϧӦۀʣ ΩϟϦΞΞϯΧʔͰॏࢹ͍ͯ͠Δͷ͸ɿཱࣗͱಠཱ

    స৬ઌ͸ͳΜͰબͿͷ͔ʁᶃ࢓ࣄͷ໘ന͞ɹᶄ্࢘ͱͷ૬ੑɹᶅۀքͷ੎͍ ҙࢥܾఆʹӨڹΛ༩͑Δ֎෦ཁҼ͸ʁɹ पΓ͔ΒͰ͖ΔࢠͱࢥΘΕ͍ͨͷͰɺ͋Δఔ౓ϝδϟʔײͷ͋Δ৬৔͕ྑ͍ ΦϖϨʔγϣϯϦετ
  168. ࢀর ໘઀ ࢀর ࢀর Ԡื ϦΫϧʔςΟϯά Ϧετ λΠϛϯά߹͑͹໘઀ ΤʔδΣϯτ ɹʢਓࡐ঺հձࣾ

    ɹϔουϋϯλʔ౳ʣ ࢀর ࣗࣾνϟωϧ ɾϗʔϜϖʔδ ɾձࣾઆ໌ձ ɾࣗࣾ࠾༻ϖʔδ ɾࣾһϒϩάܦӦਞϒϩά ɾࣾһΠϯλϏϡʔ ɾਓࣄϒϩά ɾΠϕϯτษڧձ։࠵৘ใ ༗ྉνϟωϧ ɾϚε޿ࠂʢ৽ฉަ௨޿ࠂʣ ɾ8FC޿ࠂ ɾస৬ϑΣΞ ࠾༻νϟωϧ ೖࣾ ಺ఆ ࢀর μΠϨΫτ ϦΫϧʔςΟϯά 4/4 ɾϏδωε4/4 8BOUFEMZ -JOLFEJOͳͲ  ɾ5XJUUFS'BDFCPPL ϦϑΝϥϧ ʢࣾ಺ࣾ֎ʣ ΞʔΧΠϒ
  169. ࠾༻ϑΝωϧઃܭ ߋ৽ʣ ݱঢ়ͷ૊৫ ʢόϦϡʔνΣʔϯʣ ͋Δ΂͖૊৫ ʢόϦϡʔνΣʔϯʣ ݱঢ়ͷ(BQΛݕূ ϖϧιφͱ+PC%FTDSJQUJPOͷચ͍ग़͠ ฼ूஂܗ੒ Ԡื

    ໘઀ 1%$"Λ ճ͍ͯ͘͠ ·ͣਓࣄઓུํ਑ΛཱͯΔ
  170. ώτɾϞϊɾϓϩηεɾઓུ Λຏ͖ࠐΜ্ͩͰ &RVJUZ4UPSZࢿຊ੓ࡦʹ མͱ͠ࠐΉ

  171. ઓུ ϓϩμΫτ ώτ࠾༻ όϦϡʔνΣʔϯ ̐ͭΛ ຏ͖ࠐΉ

  172. ઓུ ϓϩμΫτ ώτ࠾༻ όϦϡʔνΣʔϯ $BQUBCMF &RVJUZ 4UPSZ $BQUBCMFͱ &RVJUZ4UPSZ ʹམͱ͠ࠐΉ

  173. $BQ5BCMFΛ࡞Δ

  174. *EFBUJPO $1' 14' 1.' 554 4DBMF *10 1PTU *10 1SPEVDU

    .BSLFU 'PVOEFS 5FBN 'JOBODF $1' 3JTL 'PVOEFS*TTVF'JU 3JTL *OJUJBM$BQJUBMJ[BUJPO 3JTL 'PVOEFS3FBEJOFTTϦεΫ 5FDI 'FBTJCJMJUZ 3JTL 1SPEVDU -BVODI 3JTL #VSO3JTL 1JWPU5PMFSBUJPO3JTL 1.' 3JTL 'PVOEJOH5FBN #VJMEJOH3JTL $PGPVOEFS4IBSF"MMPDBUJPO 3JTL 6OJU &DPOPNJDT 3JTL (SPXUI 3JTL )JSJOHSJTL *10 3JTL *10४උ 3JTL 4UPDL%JMVUJPO3JTL $POHMPNFSBUF %JTDPVOU3JTL 1PTU*10(SPXUI 3JTL %FGFOTJCJMJUZ#VJMEJOH3JTL 'PVOEFSUP$&0 5SBOTGPSN3JTL 1PTU*10)3 SJTL 4VDDFTT4UBUVT 2VP3JTL 0QFSBUJPOCMBDLCPY3JTL 4VDDFTTPS3JTL 1SFTFFE 4FFE 4FSJFT" 4FSJFT#d 1SF*10 $&01VCMJD'JHVSF 5SBOTGPSN3JTL 5BMFOU3FUFOUJPO3JTL 'VOESBJTJOH3JTL $VMUVSF#SFBL3JTL
  175. ࢿۚௐୡεςʔδ͕ਐΉதͰɺ ૑ۀϝϯόʔͱ౤ࢿՈ͕ ͲΕ͘Β͍ͷγΣΞΛอ࣋͢Δͷ͕ ϕετ͔Λݕূ͢Δπʔϧ $BQ5BCMFͱ͸

  176. ᶃ͍ͭɺͲΕ͘Β͍ͷֹۚͰFYJU͍ͨ͠ͷ͔ʁ ᶄ͍ͭɺͲΕ͘Β͍ͷ࣌Ձ૯ֹͰɺͲΕ͘Β͍ௐ ୡ͍ͨ͠ͷ͔ʁ ᶅͲΕ͘Β͍ॳظඅ༻͕͔͔Δͷ͔ʁ +Χʔϒʣ ᶆετοΫΦϓγϣϯΛ͍ͭɺͲΕ͘Β͍ ൃߦ͢Δͷ͔ $BQ5BCMFͷνΣοΫϙΠϯτ

  177. ΩϟοϓςʔϒϧͰ͸ɺ ετοΫΦϓγϣϯΛอ༗͍ͯ͠Δ જࡏגओ΋෼͚ͯهࡌ͍ͯ͠Δ જࡏגओ͕อ༗͢ΔετοΫΦϓγϣϯ ͳͲજࡏג͕ࣜશͯݦࡏԽͨ͠৔߹Λ ʮ׬શرऍԽϕʔεʯ΍ʮ'VMMZEJMMVUFEʯ ͱදݱ͢Δ શ෦ݦࡏԽ ͨ͠ঢ়ଶͰ ද͢

  178. z͍ͭzzͲΕ͘Β͍ͷֹۚz Ͱ&YJU͍ͨ͠ͷ͔ʁ

  179. ࢿۚௐୡΛͨ͠Β୹ظͰͷExit͕΄΅લఏͱͳΔɻ VC͸ग़ࢿ͢ΔϚωʔʹରͯ͠ɺ୹ظؒͰͷϦλʔϯ ΛٻΊ͍ͯΔɻࢿۚΛड͚ೖΕΔͱ͍͏͜ͱ͸ɺ୹ظ ؒͰͷExitΛ໨ࢦ͢ඞཁ͕ग़ͯ͘Δɻ Exitʹ͸IPO(্৔ʣͱM&A(ࣄۀച٫ʣ͕͋Δ &YJUΛ૝ఆ͢Δ

  180. *10·Ͱͷظؒ ʮελʔτΞοϓ౤ࢿΨΠυϒοΫʯΑΓ

  181. ܦӦऀ͕͜ΕΛ΍Γ͍ͨ ͜Ε͸ࣗࣾͷಠࣗੑ ڝ߹͸͍ͳ͍͸ͣ ۀքʹ৽͍͠ Ձ஋Λ༩͑Δ ϚΫϩ؀ڥͷมԽʹΑΓ ͲΜͳՁ஋͕ٻΊΒΕΔ χʔζ͕͋Ε͹ ڝ߹͕͍Δ ͦͷதͰ

    ଞͷձࣾͱԿ͕ҧ͏ͷ͔ ͦͷҧ͍Λ͏·͘ ׆͔ͤΔख࿹͕͋Δ͔ʁ ্৔લͷ ൃ૝ ্৔ޙͷ ൃ૝
  182. ౦ূࢢ৔ +"4%"2 Ұ෦ ೋ෦ Ϛβʔζ ελϯμʔυ άϩʔε גओ਺ ਓҎ্ ਓҎ্

    ਓҎ্ ਓҎ্ ਓҎ্ ྲྀ௨גࣜ਺ ສ୯ҐҎ্ ୯Ґ Ҏ্ ୯ҐҎ্ ྲྀ௨גࣜ࣌Ձ૯ֹ ԯҎ্ ̑ԯҎ্ ̑ԯҎ্ ̑ԯҎ্ ྲྀ௨ൺ཰ Ҏ্Ҏ্ Ҏ্ ެืͷ࣮ࢪ ୯ҐҎ্ ެื୯ҐҎ্PS ্৔ג਺ͷҎ্ͷެืɾചΓग़͠ ࣌Ձ૯ֹ ̎̑̌ԯҎ্ ̎̌ԯҎ্ ̍̌ԯҎ্ ࣄۀܧଓ೥਺ ೥Ҏ্ ೥Ҏ্ ̍೥Ҏ্ ७ࢿ࢈ͷֹ ̍̌ԯҎ্ ̍̌ԯҎ্ ̎ԯҎ্ ਖ਼͍͠ རӹͷֹ ࠷ۙ̎೥ؒͷ߹ܭ͕ ̑ԯԁҎ্ ࠷ۙ̍೥ؒ ̍ԯԁ גࣜެ։ࢢ৔ͷܗࣜج४
  183. ্৔લͷεέδϡʔϧ ߲໨ ௚લʑظ ௚લظ ਃ੥ظ ্৔લن੍ גࣜ ୈࡾऀׂ౰ਪ঑ ʢ্৔࣌ച٫Մೳʣ ୈࡾऀׂ౰Մೳ

    ʢ্৔࣌ച٫ෆՄʣ גࣜҠಈՄೳʢ্৔࣌ച٫Մೳʣ ετοΫ Φϓγϣϯ ෇༩ਪ঑ ʢݖརߦ࢖ʹΑΓऔಘͨ͠ גࣜͷ্৔࣌ച٫Մೳʣ ෇༩Մೳ ʢݖརߦ࢖ʹΑΓऔಘͨ͠ גࣜͷ্৔࣌ച٫ෆՄʣ גࣜ෼ׂ גࣜ෼ׂ ਪ঑ ެืલن੍ظؒ ։ࣔର৅ظؒ ্ ৔ ೔
  184. ਓੜͷ࣌ؒ ࣄۀͷ ਐߦ౓ ্৔ͤͣʹ #VZPVUΛ܁Γฦ͠ ͯߦ͘ΩϟϦΞ $PQZSJHIU.BTBZVLJ5BEPLPSP"MMSJHIUTSFTFSWFE ىۀ 1.' ୡ੒

    εέʔϧ *10 େاۀ #VZPVU #VZPVU #VZPVU
  185. *10ʹ޲͔͏·Ͱ γΣΞͱόϦϡΤʔγϣϯ ͕Ͳ͏มԽ͢Δ͔ʁ

  186. &YJU࣌ͷ όϦϡΤʔγϣϯͱ ૑ۀऀͱͯ͠ͲΕ͘Β͍ γΣΞΛঠѲ͍͔ͨ͠ʁ

  187. &YJU *10 ࣌ͷ όϦϡΤʔγϣϯͱ ૑ۀऀͱͯ͠ͲΕ͘Β͍ γΣΞΛঠѲ͍͔ͨ͠ʁ &9*5 *10 ʹ޲͔͏·Ͱ γΣΞͱόϦϡΤʔγϣϯ͕

    Ͳ͏มԽ͢Δ͔ʁ
  188. ࣍ճͷϑΝΠφϯεͰ ա൒਺ΛׂΓࠐΉ γϦʔζ"ͰגΛ౉͗ͨͨ͢͠ΊʹγϦʔζ#ͷஈ֊Ͱɺ γΣΞ͕ա൒਺ҎԼʹͳͬͯ͠·͏ͨΊɺॏཁͳܦӦݖΛࣦ͏ ࠓճͷϑΝΠφϯεͰ ΛׂΓࠐΉ ܦӦऀ͕ίϯτʔϧΛେ෯ࣦ͏ͱ ࣄۀܭըͷίϯτʔϧ΋ࣦ͍௕ظతʹݟͯ୭΋ಘ͠ͳ͍

  189. *EFBUJPO $1' 14' 1.' 554 4DBMF *10 1PTU *10 1SPEVDU

    .BSLFU 'PVOEFS 5FBN 'JOBODF $1' 3JTL 'PVOEFS*TTVF'JU 3JTL *OJUJBM$BQJUBMJ[BUJPO 3JTL 'PVOEFS3FBEJOFTTϦεΫ 5FDI 'FBTJCJMJUZ 3JTL 1SPEVDU -BVODI 3JTL #VSO3JTL 1JWPU5PMFSBUJPO3JTL 1.' 3JTL 'PVOEJOH5FBN #VJMEJOH3JTL $PGPVOEFS4IBSF"MMPDBUJPO 3JTL 6OJU &DPOPNJDT 3JTL (SPXUI 3JTL )JSJOHSJTL *10 3JTL *10४උ 3JTL 4UPDL%JMVUJPO3JTL $POHMPNFSBUF %JTDPVOU3JTL 1PTU*10(SPXUI 3JTL %FGFOTJCJMJUZ#VJMEJOH3JTL 'PVOEFSUP$&0 5SBOTGPSN3JTL 1PTU*10)3 SJTL 4VDDFTT4UBUVT 2VP3JTL 0QFSBUJPOCMBDLCPY3JTL 4VDDFTTPS3JTL 1SFTFFE 4FFE 4FSJFT" 4FSJFT#d 1SF*10 $&01VCMJD'JHVSF 5SBOTGPSN3JTL 5BMFOU3FUFOUJPO3JTL 'VOESBJTJOH3JTL $VMUVSF#SFBL3JTL
  190. Ҏ্ɺڧɺҎ্ͱ͍͏ ਺ࣈ͕ܦӦʹӨڹΛٴ΅͢

  191. Ҏ্͸zࢧ഑ݖzΛ࣋ͭ ॏཁͳҙࢥܾఆ͕Ͱ͖ΔεʔύʔύϫʔΛ࣋ͭɻ גओ૯ձͰͷಛผܾٞΛܾఆͰ͖Δɻ૿ࢿɺετοΫ Φϓγϣϯͷൃߦɺऔక໾ձͷղ೚ɺ߹ซఆ׺ͷม ߋɺ૊৫ฤ੒ɺݮࢿ΍૿ࢿͳͲɺاۀΛࠜຊʹม͑Δ Α͏ͳࣄ߲ΛܾఆͰ͖Δ http://tyotatu.tsukioka-1.com/22/22.html

  192. Ҏ্͸zܦӦݖzΛ࣋ͭ ௨ৗͷҙࢥܾఆ͕Ͱ͖Δݖར גओ૯ձͰී௨ܾ͕ٞՄೳʹͳΔɻ ໾һ؂ࠪ໾ͷબ೚ɾղ೚ɾ໾һใु ͷܾఆͳͲ

  193. Ҏ্͸zڋ൱ݖzΛ࣋ͭ ॏཁͳҙࢥܾఆͷڋ൱ݖΛ࣋ͭ͜ͱ͕Ͱ͖ Δɻגओ૯ձͰͷಛผܾٞʢఆ׺มߋɺऔక ໾ͷղ೚ɺ߹ซͳͲʣ΁ͷڋ൱ݖΛ࣋ͯΔΑ ͏ʹͳΔ

  194. ࢀߟɿhttps://500startups.jp/wp-content/uploads/2017/06/amount3.png

  195. ࢀߟɿhttps://500startups.jp/wp-content/uploads/2017/06/amount3.png

  196. $MPTF $MPTF .  " .  " . 

    " γʔυ γϦʔζ" γϦʔζ# *10 શͯͷ ελʔτΞοϓ ͕ઌʹਐΊΔ Θ͚Ͱ͸ͳ͍ $MPTF γʔυ
  197. $MPTF $MPTF .  " .  " . 

    " γʔυ γϦʔζ" γϦʔζ# *10 $MPTF γʔυ͔ΒγϦʔζ" ʹߦ͚Δͷ͸ d γϦʔζ"͔Β# ʹߦ͚Δͷ͸ d *10Ͱ͖Δͷ͸ શମ͔Βݟͯ ਺ύʔηϯτ http://tomtunguz.com/followon-patterns/ γʔυ
  198. ࠷ޙʹ 8JUIίϩφͰ Ͳ͏ಈ͘΂͖͔

  199. ࡒ຿ετϨενΣοΫ Λߦ͏

  200. 3FDVSSJOH3FWFOVF ܦৗചΓ্͛ʣ ͕ʹͳͬͨͱͯ͠ɺ $BTI͕ϲ݄΋͔ͭͲ͏͔ʁ

  201. 5JNF ݱ࣌఺ ̒ϲ݄ޙ ϲ݄ޙ ϲ݄ޙ ϲ݄ޙ ച্ .33  ࢒

    Ωϟογϡ ྔ ݱঢ়ͷചΓ্͛ͷ ಡΈ ݱঢ়ͷചΓ্͛ͷ ಡΈϕʔεͷ ࢒Ωϟογϡ
  202. 5JNF ݱ࣌఺ ̒ϲ݄ޙ ϲ݄ޙ ϲ݄ޙ ϲ݄ޙ ച্ .33  ࢒

    Ωϟογϡ ྔ ݱঢ়ͷചΓ্͛ͷ ಡΈΛʹ͢Δ
  203. 5JNF ݱ࣌఺ ̒ϲ݄ޙ ϲ݄ޙ ϲ݄ޙ ϲ݄ޙ ച্ .33  ࢒

    Ωϟογϡ ྔ ݱঢ়ͷചΓ্͛ͷ ಡΈΛʹ͢Δ 3VOXBZ ͕ͲΕ͘Β͍࣋ͭ ͔ܭࢉ͢Δ
  204. 5JNF ݱ࣌఺ ̒ϲ݄ޙ ϲ݄ޙ ϲ݄ޙ ϲ݄ޙ ച্ .33  ࢒

    Ωϟογϡ ྔ ݱঢ়ͷചΓ্͛ͷ ಡΈΛʹ͢Δ 3VOXBZ͕ϲ݄ ҎԼͳΒ͹ ඇৗࣄଶϞʔυͰ ࢭ݂ʹೖΔ
  205. 5JNF ݱ࣌఺ ̒ϲ݄ޙ ϲ݄ޙ ϲ݄ޙ ϲ݄ޙ ച্ .33  ࢒

    Ωϟογϡ ྔ ݱঢ়ͷചΓ্͛ͷ ಡΈΛʹ͢Δ ϲ݄ϲ݄ ͷ3VOXBZͳΒ͹ ඇৗࣄଶΛอͪͭͭ ࠶ߏஙʹೖΔ
  206. 5JNF ݱ࣌఺ ̒ϲ݄ޙ ϲ݄ޙ ϲ݄ޙ ϲ݄ޙ ച্ .33  ࢒

    Ωϟογϡ ྔ ݱঢ়ͷചΓ্͛ͷ ಡΈΛʹ͢Δ 3VOXBZ͕௕͘ ΩϟογϡϙδςΟϒ ͳΒ֦େ࠶ੜ࢈ ʹೖΔ
  207. ඇৗࣄଶϞʔυʹೖΔ

  208. ඇৗ࣌ͷϚωδϝϯτͱ͸

  209. ࣄۀ" 1- ࣄۀ# 1- ࣄۀ$ 1- ࣄۀ" ࣄۀ# ࣄۀ$ $'0

    ࣄۀશମ ͷ1- ೔࣍ͷ ࢿۚ܁Γ ʢ$'؅ཧ τοϓμ΢ϯ Ͱࢦࣔ͢Δ $&0 ϦʔμʔγοϓνʔϜ ͸ຖ೔ີʹίϛϡχέʔγϣ ϯɻ೔࣍ͷ ΩϟογϡϑϩʔΛ֬ೝ͠ͳ ͕Βɺ৘ใ͕ෆ׬શͰ΋ܾஅ Λ܁Γฦ͍ͯ͘͠ ࣄۀ" ੹೚ऀ ࣄۀ# ੹೚ऀ ࣄۀ$ ੹೚ऀ ίετΧοτ ϓϩδΣΫτνʔϜ ίετ Χοτ Λߦ͏ ۜߦ ີͳ ίϛϡχέʔγϣϯ Λߦ͍ #BE/FXT Λૣ͘ฉ͘ Ͱ͖Δ͚ͩ आΓೖΕΛ ߦ͏ Ϧʔμʔ γοϓ νʔϜ ඇৗ࣌ͷελʔτΞοϓӡӦ
  210. ௨ৗ࣌ͷϚωδϝϯτ

  211. ࣄۀ" 1- ࣄۀ# 1- ࣄۀ$ 1- ࣄۀ" ࣄۀ# ࣄۀ$ $'0

    ࣄۀશମ ͷ1- ݄࣍ͷ ࢿۚ܁Γ ʢ$'؅ཧ ຖ݄ 1-Λใࠂ $&0 ຖ݄ ࣄۀશମͷ 1-$'Λใࠂ ࣄۀ੹೚ऀͱఆظతʹ ίϛϡχέʔγϣϯ ৘ใΛͰ͖Δ͚ͩूΊͯ ίϯηϯαεΛ ͱ͍ͬͯ͘ ௨ৗ࣌ͷελʔτΞοϓӡӦ
  212. 3VOXBZ͕ ୹͍தͰࣄۀΛਪਐ͢Δ

  213. #F%FDJTJWF ܾஅͤΑʣ

  214. ϝϯλϧϞσϧ ʢγεςϜࢥߟܧଓֶश ࣗݾϚεςϦʔࣗࣾϚεςϦʔʣ ߏ଄ ʢ૊৫੍౓,1*ઓུʣ ύλʔϯ ʢϓϩηεઓज़πʔϧʣ ਫ໘্ ਫ໘Լ ϛογϣϯϏδϣϯόϦϡʔ

    ߦಈ ϓϩμΫτ αʔϏε
  215. #F%FDJTJWF ʢෆ׬શͳ৘ใ͔͠ͳͯ͘΋ܾஅΛ܁Γฦ͢ʣ ߏ଄ ʢ૊৫੍౓,1*ઓུʣ ύλʔϯ ʢϓϩηεઓज़πʔϧʣ ਫ໘্ ਫ໘Լ ϛογϣϯϏδϣϯόϦϡʔ ߦಈ

    ϓϩμΫτ αʔϏε
  216. ৘ใ͕ू·Δ·Ͱ଴ͭͷ͸ ஗͗͢Δ

  217. 0WFSDPNNVOJDBUF͢Δ ʢඞཁҎ্ʹࡉ͔͍ ίϛϡχέʔγϣϯΛऔΔʣ

  218. #BE/FXTΛ Ͱ͖Δ͚ͩૣ͘ٵ্͍͛ΕΔΑ͏ʹ͢Δ

  219. ·ͣ͸ΩϟογϡϑϩʔΛ ՄࢹԽͤΑ

  220. ݄࣍ͷࢿۚ܁Γ͔Β ೔࣌ͷࢿۚ܁Γʹม͑Δ

  221. ݄࣍ͷࢿۚ܁Γ ඇৗ࣌͸ $'Λ೔࣍ͷࢿۚ܁Γ Ͱ؅ཧ͢Δ

  222. ೔࣍ͷࢿۚ܁ΓΛ ໌Β͔ʹͯ͠ಁ໌ੑΛ୲อ͢Δ

  223. ೔࣍ࢿۚ܁ΓΛݟͳ͕Β ແବͳίετΛ పఈతʹΧοτ͢Δ

  224. ·ͱΊ

  225. #VTJOFTT1MBO ʢࣄۀܭըॻʣ ͸͍Βͳ͍ $PQZSJHIU.BTBZVLJ5BEPLPSP"MMSJHIUTSFTFSWFE 4UBSUVQ4DJFODF

  226. ਖ਼֬ʹݴ͏ͱ 1.'લͷॳظϑΣʔζ ʹਫ਼៛ͳʮࣄۀܭըʯ ͸ඞཁͳ͠

  227. *EFBUJPO $1' 14' 1.' 554 4DBMF *10 1PTU *10 1SPEVDU

    .BSLFU 'PVOEFS 5FBN 'JOBODF $1' 3JTL 'PVOEFS*TTVF'JU 3JTL *OJUJBM$BQJUBMJ[BUJPO 3JTL 'PVOEFS3FBEJOFTTϦεΫ 5FDI 'FBTJCJMJUZ 3JTL 1SPEVDU -BVODI 3JTL #VSO3JTL 1JWPU5PMFSBUJPO3JTL 1.' 3JTL 'PVOEJOH5FBN #VJMEJOH3JTL $PGPVOEFS4IBSF"MMPDBUJPO 3JTL 6OJU &DPOPNJDT 3JTL (SPXUI 3JTL )JSJOHSJTL *10 3JTL *10४උ 3JTL 4UPDL%JMVUJPO3JTL $POHMPNFSBUF %JTDPVOU3JTL 1PTU*10(SPXUI 3JTL %FGFOTJCJMJUZ#VJMEJOH3JTL 'PVOEFSUP$&0 5SBOTGPSN3JTL 1PTU*10)3 SJTL 4VDDFTT4UBUVT 2VP3JTL 0QFSBUJPOCMBDLCPY3JTL 4VDDFTTPS3JTL 1SFTFFE 4FFE 4FSJFT" 4FSJFT#d 1SF*10 $&01VCMJD'JHVSF 5SBOTGPSN3JTL 5BMFOU3FUFOUJPO3JTL 'VOESBJTJOH3JTL $VMUVSF#SFBL3JTL
  228. ֶशʹϑΥʔΧε͢Δʂ

  229. Ծઆߏங Ұ࣍৘ใΛ ώΞϦϯά ؍࡯͢Δ Ծઆݕূ

  230. όϦϡʔνΣʔϯ η ά ϝ ϯ τ େ ηάϝϯτ த ηάϝϯτ

    খ ηάϝϯτ ू٬ ༧໿؅ཧ υλΩϟϯ ରԠ ױऀ ؅ཧ ױऀ ఆணԽ ࣄ຿ ॲཧ ਓࣄ ࿑຿ ࣗඅ ࣏ྍ ݸਓ ܦӦ ֦େ ࢤ޲ ݱঢ় ҡ࣋ νΣʔϯ ֦େ ࢤ޲ ݱঢ় ҡ࣋ อݥ ࣏ྍ ݸਓ ܦӦ ֦େ ࢤ޲ ݱঢ় ҡ࣋ νΣʔϯ ֦େ ࢤ޲ ݱঢ় ҡ࣋ όϦϡʔνΣʔϯ ηάϝϯτ
  231. όϦϡʔνΣʔϯ η ά ϝ ϯ τ େ ηάϝϯτ த ηάϝϯτ

    খ ηάϝϯτ ू٬ ༧໿؅ཧ υλΩϟϯ ରԠ ױऀ ؅ཧ ױऀ ఆணԽ ࣄ຿ ॲཧ ਓࣄ ࿑຿ ࣗඅ ࣏ྍ ݸਓ ܦӦ ֦େ ࢤ޲ ˕ ˓ ˕ ˓ ˕ ˓ 9 ݱঢ় ҡ࣋ ˓ ˚ ˓ ˓ ˓ ˓ 9 νΣʔϯ ֦େ ࢤ޲ ˓ ˚ ˕ ˓ ˕ ˚ ˚ ݱঢ় ҡ࣋ ˓ ˚ ˓ ˓ ˓ ˚ ˚ อݥ ࣏ྍ ݸਓ ܦӦ ֦େ ࢤ޲ ˕ ˚ 9 ˚ ˚ ˕ ˓ ݱঢ় ҡ࣋ ˕ ˚ 9 ˚ ˚ ˕ ˓ νΣʔϯ ֦େ ࢤ޲ ˓ ˚ 9 ˚ ˚ ˚ 9 ݱঢ় ҡ࣋ ˓ ˚ 9 ˚ ˚ ˚ 9 ˕χʔζߴ˓χʔζத ˚χʔζ௿9χʔζͳ͠ χʔζ͕ ڧ͍ϓϩηε χʔζ͕ ڧ͍ϓϩηε χʔζ͕ ڧ͍ϓϩηε χʔζ͕ ڧ͍ϓϩηε χʔζ͕ ڧ͍ϓϩηε χʔζ͕ ڧ͍ϓϩηε χʔζ͕ ڧ͍ϓϩηε
  232. ͳͥ "NB[PO͸ ੒ޭͨ͠ͷ͔ʁ

  233. ΧλϩάԽ ͷ͠΍͢͞ ग़ՙͷ ͷ͠΍͢͞ ؅ཧͷ ͠΍͢͞ ΦϑϥΠϯͰͷ खʹೖΓ΍͢͞ ϓϩμΫτ ΧςΰϦʔ

    &BTZ )BSE &BTZ )BSE &BTZ )BSE &BTZ )BSE &BTZ )BSE &BTZ )BSE &BTZ )BSE &BTZ )BSE &BTZ )BSE &BTZ )BSE &BTZ )BSE ചΕےͷຊ ϚΠφʔͳຊ ചΕےͷ%7% ϚΠφʔͳ%7% ిԽ੡඼ ւ֎੡ిԽ੡඼ Ո۩ ւ֎੡Ո۩ &BTZ )BSE &BTZ )BSE &BTZ )BSE &BTZ )BSE ചΕےͷதݹຊ ϚΠφʔͳதݹຊ ചΕےͷதݹ%7% ϚΠφʔͳதݹ%7% தݹిԽ੡඼ தݹւ֎੡ిԽ੡඼ தݹՈ۩ தݹւ֎੡Ո۩
  234. *EFBUJPO $1' 14' 1.' 554 4DBMF *10 1PTU *10 1SPEVDU

    .BSLFU 'PVOEFS 5FBN 'JOBODF $1' 3JTL 'PVOEFS*TTVF'JU 3JTL *OJUJBM$BQJUBMJ[BUJPO 3JTL 'PVOEFS3FBEJOFTTϦεΫ 5FDI 'FBTJCJMJUZ 3JTL 1SPEVDU -BVODI 3JTL #VSO3JTL 1JWPU5PMFSBUJPO3JTL 1.' 3JTL 'PVOEJOH5FBN #VJMEJOH3JTL $PGPVOEFS4IBSF"MMPDBUJPO 3JTL 6OJU &DPOPNJDT 3JTL (SPXUI 3JTL )JSJOHSJTL *10 3JTL *10४උ 3JTL 4UPDL%JMVUJPO3JTL $POHMPNFSBUF %JTDPVOU3JTL 1PTU*10(SPXUI 3JTL %FGFOTJCJMJUZ#VJMEJOH3JTL 'PVOEFSUP$&0 5SBOTGPSN3JTL 1PTU*10)3 SJTL 4VDDFTT4UBUVT 2VP3JTL 0QFSBUJPOCMBDLCPY3JTL 4VDDFTTPS3JTL 1SFTFFE 4FFE 4FSJFT" 4FSJFT#d 1SF*10 $&01VCMJD'JHVSF 5SBOTGPSN3JTL 5BMFOU3FUFOUJPO3JTL 'VOESBJTJOH3JTL $VMUVSF#SFBL3JTL
  235. ώτɾϞϊɾΧωɾ ϓϩηεɾઓུ %FGFOTJCJMJUZ  ͷ̑ͭΛצҊͯ͠ ࣄۀܭըΛ ߟ͑ΒΕ͍ͯ·͔͢ʁ

  236. 5SBDUJPO ച্ ΧελϚʔʣ 1SPEVDU 1SPDFTT $VTUPNFS4JEF 7BMVF$IBJO 1SPDFTT $PSQPSBUF TJEF

    1FPQMF ਓһߏ੒ʣ 7BMVBUJPO ݱࡏ ೥ޙ ೥ޙ ೥ޙ ্৔ ௚લظ ্৔࣌ ঢ়ଶΰʔϧϚτϦΫε ઓུ %FGFOTJCJMJUZ ઓུ%FGFOTJCJMJUZ ώτ ϓϩηε όϦϡʔνΣʔϯʣ Ϟϊ ʢϓϩμΫτʣ Χω
  237. ࣗࣾͷ6OJU &DPOPNJDTΛਖ਼֬ʹ ೺Ѳ͍ͯ͠·͔͢ʁ

  238. 6OJU&DPOPNJDT ʢ-57➗$1"ʣ Y ސ٬਺  ࣄۀͷऩӹ "316YӦۀརӹ཰ Y  ݄ͷ$IVSO཰

  239. ݱঢ়ͷ όϦϡʔνΣʔϯΛ ՄࢹԽͰ͖͍ͯ·͔͢ʁ

  240. ࠾༻͢Δ΂͖ਓ෺΍ ࠾༻ܭը͕ Ͱ͖͍ͯ·͔͢ʁ

  241. ώτɾϞϊɾϓϩηεɾઓུ Λຏ͖ࠐΜ্ͩͰ &RVJUZ4UPSZࢿຊ੓ࡦʹ མͱ͠ࠐΉ

  242. ઓུ ϓϩμΫτ ώτ࠾༻ όϦϡʔνΣʔϯ ̐ͭΛ ຏ͖ࠐΉ

  243. ઓུ ϓϩμΫτ ώτ࠾༻ όϦϡʔνΣʔϯ $BQUBCMF &RVJUZ 4UPSZ $BQUBCMFͱ &RVJUZ4UPSZ ʹམͱ͠ࠐΉ

  244. *EFBUJPO $1' 14' 1.' 554 4DBMF *10 1PTU *10 1SPEVDU

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