Web3スタートアップの立ち上げ方ダイジェスト版

8FC4UBSUVQ1MBZCPPL

ຊηϛφʔࢿྉ͸҉߸ࢿ࢈ʹ͍ͭͯৄ͘͠ղઆ ͠·͕͢ɺಛఆͷ҉߸ࢿ࢈ͷߪೖΛଅ͢΋ͷͰ ͸͋Γ·ͤΜɻ֤ࣗͷϦεΫ൑அʹج͖ͮɺ҉ ߸ࢿ࢈ͷߪೖ౳Λ͓͜ͳ͍͚ͬͯͨͩΕ͹Ͱ͢ ໔੹ࣄ߲

$PQZ3JHIU"MM3FTFSWFECZ.BTBZVLJ5BEPLPSP 8FC͸ΧϯϒϦΞരൃ͕ى͖͍ͯΔ $PQZ3JHIU"MM3FTFSWFECZ.BTBZVLJ5BEPLPSP

$PQZ3JHIU"MM3FTFSWFECZ.BTBZVLJ5BEPLPSP 8FC͸ΧϯϒϦΞരൃ͕ى͖͍ͯΔ

8FCϏδωε 69 ઓུ Ϗδωε Ϟσϧ 1E. ސ٬ ։ൃ ίϛϡχ ςΟ
Ϛωδ ϝϯτ ۚ༥ ཁૉ ݕূ ࢿຊ ੓ࡦ τʔΫϊ ϛΫε ੫຿ ๏຿ ςΫϊ ϩδʔ ۀք஌ࣝYϏδωε஌ݟ $PQZ3JHIU"MM3FTFSWFECZ.BTBZVLJ5BEPLPSP

8IBUJT8FCʁ $PQZ3JHIU"MM3FTFSWFECZ.BTBZVLJ5BEPLPSP

ɾ8FCͰ͸৘ใΛѲͬͨϓϨʔϠʔ͕উͬͨ ɾ8FCͰ͸ιʔγϟϧͱίϚʔεͷϓϥοτϑΥʔϜ ͕উͬͨʢதԝूݖͱͯ͠ݖྗΛѲͬͨʣ ɾ8FCͰ͸ɺݸਓʹΦʔφʔγοϓ͕໭Δ IUUQTEJHJUBMOBUJWFTVCTUBDLDPNQDIBJOSFBDUJPOTIPXDSFBUPSTXFC TS $PQZ3JHIU"MM3FTFSWFECZ.BTBZVLJ5BEPLPSP

ϒϩοΫνΣʔϯ͕ొ৔͢Δલͷ࣌୅ 8FCҎલʣ 5Y 5Y 5Y 5Y 5Y IUUQTXXXZPVUVCFDPNXBUDI WLJKYF0+TPUT σʔλ͕ਖ਼͍͔͠ʁˠଞऀ͔Β׬શʹݕূͰ͖ͳ͍
σʔλ͕Ͳͷॱ൪ͰͰ͖ͨͷ͔ʁˠଞऀ͔Β׬શʹݕূͰ͖ͳ͍ ʁ ʁ ʁ ʁ ʁ 5Y 5Y Πϯλʔωοτ্ͷ औҾ΍ΓͱΓ͕ɺ ͋Δҙຯແடংʹߦ ΘΕ͍ͯͨ $PQZ3JHIU"MM3FTFSWFECZ.BTBZVLJ5BEPLPSP

έϯϒϦοδɾΞφϦςΟΧ͸೥ͷถେ౷ྖ બͱϒϨάδοτʢӳࠃͷԤभ࿈߹཭୤ʣΛΊ͙Δ ӳࠃຽ౤ථͷ݁ՌʹӨڹΛ༩͑ΔͨΊɺ਺ઍສਓ෼ ͷϑΣΠεϒοΫར༻ऀͷݸਓσʔλΛ࢖༻ͨ͠ͱ ࠂൃ͞Ε͍ͯΔɻ $PQZ3JHIU"MM3FTFSWFECZ.BTBZVLJ5BEPLPSP

'BDFCPPLͷݸਓ৘ใෆਖ਼໰୊ IUUQTXXXJUNFEJBDPKQCVTJOFTTBSUJDMFTOFXTIUNM IUUQTKBQBODOFUDPNBSUJDMF $PQZ3JHIU"MM3FTFSWFECZ.BTBZVLJ5BEPLPSP

ϦΫϧʔτͷݸਓ৘ใΛ׆༻ͨ͠ ϑΟϧλʔ໰୊ IUUQTXXXJUNFEJBDPKQCVTJOFTTBSUJDMFTOFXTIUNM IUUQTXXXJUNFEJBDPKQCVTJOFTTBSUJDMFTOFXTIUNM

#MPDL ϒϩοΫνΣʔϯͷ࢓૊Έ 5Y 5Y 5Y /PODF 1SFW)BTI #MPDL #MPDL #MPDL
#MPDL $PQZ3JHIU"MM3FTFSWFECZ.BTBZVLJ5BEPLPSP

#MPDL 5Y 5Y 5Y /PODF 1SFW)BTI #MPDL #MPDL #MPDL #MPDL
ਖ਼͍͠ʂ ਖ਼͍͠ʂ ਖ਼͍͠ʂ ਖ਼͍͠ʂ ✅ ϒϩοΫνΣʔϯͷ࢓૊Έ $PQZ3JHIU"MM3FTFSWFECZ.BTBZVLJ5BEPLPSP

#MPDL 5Y 5Y 5Y /PODF 1SFW)BTI #MPDL #MPDL #MPDL #MPDL
ਖ਼͍͠ʂ ਖ਼͍͠ʂ ਖ਼͍͠ʂ ਖ਼͍͠ʂ ✅ ϒϩοΫνΣʔϯͷ࢓૊Έ τϥετϨεɿ ࠷ऴతͳ৴པΛ୲อ͢Δ ୯ಠͷओମ͕͓Βͣ ωοτϫʔΫશମͰ ݕূΛߦ͍৴པΛ୲อ͢Δ $PQZ3JHIU"MM3FTFSWFECZ.BTBZVLJ5BEPLPSP

τϥετϨεʢ৴༻ෆཁʣ τϥετϨεͱ͸ʮ৴༻͕ͳ͍ʯͱ͍͏͜ͱͰ͸ͳ ͍ɻ౰ࣄऀؒͷऔҾʢྫ͑͹ɺചΓखͱങ͍खɺૹ ۚݩͱૹۚઌʣʹ͓͍ͯɺ৴༻Λߏங͢Δ͜ͱͳ ͘ɺ૬खΛ৴༻͢Δ͜ͱ͕Ͱ͖͍ͯΔঢ়ଶͷ͜ͱɻ ϝϦΧϦ΍6CFSͳͲͷ࢓૊ΈΛͳͥɺզʑ͸҆৺ ͯ͠࢖͑Δͷ͔ͱ͍͏ͱɺ஥հऀʢϓϥοτϑΥʔ ϚʔͰ͋Δʣ͕৴༻Λ୲อͯ͘͠Ε͍ͯΔ͜ͱΛ৴ ͍ͯ͡Δ͔ΒͰ͋Δ $PQZ3JHIU"MM3FTFSWFECZ.BTBZVLJ5BEPLPSP

#MPDL 5Y 5Y 5Y /PODF 1SFW)BTI #MPDL 5Y 5Y 5Y
/PODF 1SFW)BTI #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL ϒϩοΫνΣʔϯͷ࢓૊Έ ✅ $PQZ3JHIU"MM3FTFSWFECZ.BTBZVLJ5BEPLPSP

/PODF 1SFW)BTI #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL ϒϩοΫνΣʔϯͷ࢓૊Έ ✅ ✅ ਖ਼͍͠ʂ ਖ਼͍͠ʂ ਖ਼͍͠ʂ ਖ਼͍͠ʂ $PQZ3JHIU"MM3FTFSWFECZ.BTBZVLJ5BEPLPSP

/PODF 1SFW)BTI #MPDL 5Y 5Y 5Y /PODF 1SFW)BTI #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL ✅ ✅ ϒϩοΫνΣʔϯͷ࢓૊Έ $PQZ3JHIU"MM3FTFSWFECZ.BTBZVLJ5BEPLPSP

/PODF 1SFW)BTI #MPDL 5Y 5Y 5Y /PODF 1SFW)BTI #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL ✅ ✅ ✅ ਖ਼͍͠ʂ ਖ਼͍͠ʂ ਖ਼͍͠ʂ ਖ਼͍͠ʂ ϒϩοΫνΣʔϯͷ࢓૊Έ $PQZ3JHIU"MM3FTFSWFECZ.BTBZVLJ5BEPLPSP

/PODF 1SFW)BTI #MPDL 5Y 5Y 5Y /PODF 1SFW)BTI #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL ✅ ✅ ✅ ਖ਼͍͠ʂ ਖ਼͍͠ʂ ਖ਼͍͠ʂ ਖ਼͍͠ʂ ϒϩοΫνΣʔϯͷ࢓૊Έ ࣌ؒͷྲྀΕ ϒϩοΫνΣʔϯ͸σʔλʹடংΛ΋ͨΒͨ͠ $PQZ3JHIU"MM3FTFSWFECZ.BTBZVLJ5BEPLPSP

ԯԁͰམࡳ͞Εͨ/'5Ξʔτ IUUQTXXXUIFWFSHFDPNCFFQMFDISJTUJFTOGUTBMFDPTUFWFSZEBZTNJMMJPO $PQZ3JHIU"MM3FTFSWFECZ.BTBZVLJ5BEPLPSP

ٸ֦େ͍ͯ͠Δ/'5ࢢ৔ IUUQTMPHNJKQCVTJOFTTBSUJDMFT

ݱۚ Ծ૝௨՟ʢ'5 ԁ υϧ &UIFSFVN Ծ૝௨՟औҾॴ Ծ૝௨՟΢ΥϨοτ .FUBNBTL ͳͲ ࡞ऀ
ॴ༗ऀ /'5 4PMJEJUZ /'5Ξʔτ σδλϧ ࢿ࢈ /'5 Ϛʔέοτ ϓϨΠε &3$ʢ'5ͷ৘ใʣ ɾ૯ڙڅྔɾόϥϯε ɾ"MMPXBODFɾ5SBOTGFS ɾ"QQSPWFɾ5SBOTGFSGSPN సૹݩʣ &3$ʢ'5 τʔΫϯ*%ʣ ɾ૯ڙڅྔɾόϥϯε ɾ"MMPXBODFɾ5SBOTGFS ɾ"QQSPWFɾ5SBOTGFSGSPN సૹݩʣ ɾ5PLFO*% /'5Ξʔτ σδλϧ ࢿ࢈ $PQZ3JHIU"MM3FTFSWFECZ.BTBZVLJ5BEPLPSP

ॴ༗ऀ /'5 4PMJEJUZ /'5Ξʔτ σδλϧ ࢿ࢈ /'5 Ϛʔέοτ ϓϨΠε &3$ʢ'5ͷ৘ใʣ ɾ૯ڙڅྔɾόϥϯε ɾ"MMPXBODFɾ5SBOTGFS ɾ"QQSPWFɾ5SBOTGFSGSPN సૹݩʣ &3$ʢ'5 τʔΫϯ*%ʣ ɾ૯ڙڅྔɾόϥϯε ɾ"MMPXBODFɾ5SBOTGFS ɾ"QQSPWFɾ5SBOTGFSGSPN సૹݩʣ ɾ5PLFO*% /'5Ξʔτ σδλϧ ࢿ࢈ શͯͷ৘ใ͕ ެ։͞Ε͍ͯΔ $PQZ3JHIU"MM3FTFSWFECZ.BTBZVLJ5BEPLPSP

ॴ༗ऀ /'5 4PMJEJUZ /'5Ξʔτ σδλϧ ࢿ࢈ /'5 Ϛʔέοτ ϓϨΠε &3$ʢ'5ͷ৘ใʣ ɾ૯ڙڅྔɾόϥϯε ɾ"MMPXBODFɾ5SBOTGFS ɾ"QQSPWFɾ5SBOTGFSGSPN సૹݩʣ &3$ʢ'5 τʔΫϯ*%ʣ ɾ૯ڙڅྔɾόϥϯε ɾ"MMPXBODFɾ5SBOTGFS ɾ"QQSPWFɾ5SBOTGFSGSPN సૹݩʣ ɾ5PLFO*% /'5Ξʔτ σδλϧ ࢿ࢈ ࡞඼ͷ৘ใ

IUUQTPQFOTFBJPBTTFUTYCFDEEEGFDGEBCEFFCCC ΫϦϓτύϯΫ͸ϑϧΦϯνΣʔϯ/'5

ͲͷϒϩοΫͷΠʔαϦΞϜͰਫ਼੡ ʢ.JOU ͞Ε͔ͨʁ IUUQTFUIFSTDBOJPCMPDL

ॴ༗ऀ /'5 4PMJEJUZ /'5Ξʔτ σδλϧ ࢿ࢈ /'5 Ϛʔέοτ ϓϨΠε &3$ʢ'5ͷ৘ใʣ ɾ૯ڙڅྔɾόϥϯε ɾ"MMPXBODFɾ5SBOTGFS ɾ"QQSPWFɾ5SBOTGFSGSPN సૹݩʣ &3$ʢ'5 τʔΫϯ*%ʣ ɾ૯ڙڅྔɾόϥϯε ɾ"MMPXBODFɾ5SBOTGFS ɾ"QQSPWFɾ5SBOTGFSGSPN సૹݩʣ ɾ5PLFO*% /'5Ξʔτ σδλϧ ࢿ࢈ ࡞ऀͷ৘ใ

࡞ऀͷ৘ใ IUUQTFUIFSTDBOJPBEESFTTYDCFCFBGEGFB

ॴ༗ऀ /'5 4PMJEJUZ /'5Ξʔτ σδλϧ ࢿ࢈ /'5 Ϛʔέοτ ϓϨΠε &3$ʢ'5ͷ৘ใʣ ɾ૯ڙڅྔɾόϥϯε ɾ"MMPXBODFɾ5SBOTGFS ɾ"QQSPWFɾ5SBOTGFSGSPN సૹݩʣ &3$ʢ'5 τʔΫϯ*%ʣ ɾ૯ڙڅྔɾόϥϯε ɾ"MMPXBODFɾ5SBOTGFS ɾ"QQSPWFɾ5SBOTGFSGSPN సૹݩʣ ɾ5PLFO*% /'5Ξʔτ σδλϧ ࢿ࢈ ॴ༗ऀͷ ৘ใ $PQZ3JHIU"MM3FTFSWFECZ.BTBZVLJ5BEPLPSP

ॴ༗ऀͷ৘ใ IUUQTFUIFSTDBOJPBEESFTTYBBCBCCGDEC

ɾϒϩοΫνΣʔϯͷಛ௃Ͱ͋Δσʔλվ᜵ʹ ର͢Δ଱ੑɺτϥϯβΫγϣϯͷಁ໌ੑͷߴ͞ ͔ΒɺՁ஋͋ΔτʔΫϯൃߦ͕Մೳͳωοτϫ ʔΫͰ͋Δ ɾ·ͨ/'5ͱ͍͏ΠϊϕʔγϣϯʹΑΓɺσδ λϧσʔλʹΦʔφʔγοϓΛඥ͚ͮΔ͜ͱ͕ Մೳʹͳͬͨ Φʔφʔγοϓ $PQZ3JHIU"MM3FTFSWFECZ.BTBZVLJ5BEPLPSP

&UIFSTDBO͸ɺϒϩοΫνΣʔϯɾΤΫεϓϩʔϥʔͰɺ&UIFSFVNϒϩο ΫνΣʔϯ্ͷτϥϯβΫγϣϯɺεϚʔτίϯτϥΫτɺΞυϨεͳͲ ͷύϒϦοΫσʔλΛӾཡ͢Δ͜ͱ͕Ͱ͖Δɻ &UIFSFVN্ͷ͢΂ͯͷ΍ΓऔΓ͸ެ։͞Ε͓ͯΓɺ&UIFSTDBOͰ͸ݕࡧ ΤϯδϯͷΑ͏ʹͦΕΒΛ֬ೝ͢Δ͜ͱ͕Ͱ͖Δɻ τϥϯβΫγϣϯϋογϡ τϥϯβΫγϣϯ*% Λ࢖༻ͯ͠ɺτʔΫ ϯɺεϚʔτίϯτϥΫτɺ΢ΥϨοτΞυϨεͳͲɺؔ࿈͢Δ͢΂ͯͷ ΞΫςΟϏςΟΛ֬ೝ͢Δ͜ͱ͕Ͱ͖Δ
&UIFSTDBOͱ͸

ύʔϛογϣϯϨε ɾࣗ෼ͷଐੑʢ೥ྸɺੑผɺࠃ੶ʣΛ ௒͑ͯ%BZ͔ΒάϩʔόϧͳΦϯνΣʔϯϓ ϩδΣΫτʹࢀՃ͢Δ͜ͱ͕Ͱ͖Δʢதࠃɺ ϩγΞͳͲͷ౰ہͷن੍͕͋Δ৔߹΋͋Δʣ ɾϓϩδΣΫτʹඥ͍͍ͮͯΔɺτʔΫϯΠ ϯηϯςΟϒʹΑͬͯɺߩݙऀΛूΊͯٸܹ ͳϓϩδΣΫτͷ੒௕΍ͦΕʹ൐͏Ϧλʔϯ ΛಘΔ͜ͱ͕Ͱ͖Δ

&UIFSFVN 5Y 5Y /PODF 1SFW)BTI &UIFSFVN 5Y 5Y 5Y /PODF
1SFW)BTI &UIFSFVN 5Y 5Y 5Y /PODF 1SFW)BTI #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL #MPDL ✅ ✅ ✅ ϑϧΦϯνΣʔϯͷ/'5 ࣌ؒͷྲྀΕ ΢ΥϨοτ͕ ͋Ε͹୭Ͱ΋ࢀՃͰ͖Δ ൓ࣾ΍Ϛωϩϯ໨త͸আ͘ʣ

Πϯλʔωοτ্ʹ औҾΛೝূ͢Δެূ໾৔͕͋Γ ͦͷऔҾ͕ଞͷਓʹ΋ެ։͞Ε͍ͯΔ $PQZ3JHIU"MM3FTFSWFECZ.BTBZVLJ5BEPLPSP

Πϯλʔ ωοτ 57 #MPDL DIBJO औҾ
අ༻ ݕࡧ Τϯδϯ εϚϗ Ϋϥ ϑΝϯ ৽ฉ ࡶࢽ Χλϩά ࡶࢽ ϓϩμΫτ αʔϏε ίετ ʢݶքඅ༻ʣ *P5 Πϯλʔωοτ ϜʔΞͷ ๏ଇ ੜ࢈ֵ৽ ʢ514ͳͲʣ ߴ ௿ ߴ ௿ $PQZ3JHIU"MM3FTFSWFECZ.BTBZVLJ5BEPLPSP

ίετʹ ϓϩμΫταʔϏείετ ʢࡒͷݻఆඅ ࡒͷมಈඅʣ ʴ ૬खΛ୳͢୳ࡧίετ ૬खͱަব͢Δίετ ܖ໿Λཤߦ͢Δίετ ฆ૪͕ى͖ͨ࣌ʹղܾ͢Δίετ ̎࣍ྲྀ௨ʢ/࣍ྲྀ௨ʣΛ؅ཧͯ͠
ΦϦδφϧΫϦΤʔλʔʹؐݩ͢Δίετ Πϯλʔωοτ ͕Լ͛ͨίετ ϒϩοΫ νΣʔϯ ͕Լ͛Δίετ $PQZ3JHIU"MM3FTFSWFECZ.BTBZVLJ5BEPLPSP

8FCͱ8FCͷҧ͍͸ʁ $PQZ3JHIU"MM3FTFSWFECZ.BTBZVLJ5BEPLPSP

IUUQTXXXHFUNJMFTDPNKQ $PQZ3JHIU"MM3FTFSWFECZ.BTBZVLJ5BEPLPSP

ΤϯυϢʔβʔ͸Ҡಈͨ͠Β ϙΠϯτ͕΋Β͑ΔΞϓϦ IUUQTXXXHFUNJMFTDPNKQ

.JMFT͸Ҡಈͨ͠ΒϙΠϯτ͕ ΋Β͑ΔΞϓϦ $PQZ3JHIU"MM3FTFSWFECZ.BTBZVLJ5BEPLPSP

޿ࠂओʹରͯ͠ސ٬Λૹ٬͢Δ ϏδωεϞσϧ 8FC $PQZ3JHIU"MM3FTFSWFECZ.BTBZVLJ5BEPLPSP

1SPEVDU &OE 6TFST .JMFT 5FBN ಛయͱ ަ׵ ਓతࢿݯ ӡӦ .JMFT
8FC$PNQBOZ ϚΠϧΛ ஷΊΔ 6TFS %BUB ళฮαʔϏε ϓϩόΠμʔ ೝ஌ ޲্ ঎඼ͷ ಛయఏڙ ख਺ྉ ࠓޙͷ ళฮ։୓ ͷͨΊʹ׆༻ "QQMJDBUJPO $PQZ3JHIU"MM3FTFSWFECZ.BTBZVLJ5BEPLPSP

1SPEVDU &OE 6TFST .JMFT 5FBN ಛయͱ ަ׵ ਓతࢿݯ ӡӦ .JMFT
8FC$PNQBOZ ϚΠϧΛ ஷΊΔ 6TFS %BUB ళฮαʔϏε ϓϩόΠμʔ ೝ஌ ޲্ ঎඼ͷ ಛయఏڙ ख਺ྉ ࠓޙͷ ళฮ։୓ ͷͨΊʹ׆༻ "QQMJDBUJPO ΠϯαΠμʔҎ֎͸ ࣮ࡍͷ࢓૊Έ͸ ϒϥοΫϘοΫε $PQZ3JHIU"MM3FTFSWFECZ.BTBZVLJ5BEPLPSP

ϒϩοΫνΣʔϯ͕ొ৔͢Δલͷ࣌୅ 8FCҎલʣ 5Y 5Y 5Y 5Y 5Y IUUQTXXXZPVUVCFDPNXBUDI WLJKYF0+TPUT Πϯλʔωοτ্ͷऔҾ΍ΓͱΓ͕ɺ͋ΔҙຯແடংʹߦΘΕ͍ͯͨ
σʔλ͕ਖ਼͍͔͠ˠଞऀ͔Β׬શʹݕূͰ͖ͳ͍ σʔλ͕Ͳͷॱ൪ͰͰ͖ͨͷ͔ˠଞऀ͔Β׬શʹݕূͰ͖ͳ͍ ʁ ʁ ʁ ʁ ʁ

ձ͕ࣾ ઐ༗ࢿ࢈ͱͯ͠ ॴ༗͍ͯ͠Δ )BSEXBSF$MPVE$PNQVUFS $FOUSBMJ[FE%BUBCBTF #BDLFOE 6TFS*OUFSGBDF 6TFS 6TFS %BUB
8FC 5$1*1 )5514 "QQMJDBUJPO 1SPUPDPM $PQZ3JHIU"MM3FTFSWFECZ.BTBZVLJ5BEPLPSP

)BSEXBSF$MPVE$PNQVUFS $FOUSBMJ[FE%BUBCBTF #BDLFOE 6TFS*OUFSGBDF 6TFS 6TFS %BUB 8FC 5$1*1 )5514
"QQMJDBUJPO 1SPUPDPM Ձ஋ͷ ݯઘ ίϞσΟ ςΟ $PQZ3JHIU"MM3FTFSWFECZ.BTBZVLJ5BEPLPSP

اۀ Ձ஋ #4 1- Ձ஋ ɾݱࡏͷऩӹੑ ɾ#4ͷ݈શੑʢݱ༬ۚɺआۚʣ ɾݻఆࢿ࢈ͷՁ஋ γεςϜɺઃඋͳͲʣ 8FCελʔτΞοϓͷՁ஋ʢόϦϡΤʔγϣϯʣΛܾΊΔཁૉ
.0"5 %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 /FUXPSLF ff FDU #VTJOFTTSFMBUJPOTIJQ"TTFU #SBOE"XBSFOFTT.BSLFUJOH"TTFU 0QFSBUJPOBM&YDFMMFODF ɾόϦϡʔνΣʔϯͷ੒ख़౓ΧελϚʔରԠଆϊ΢ϋ΢ ʢϕετϓϥΫςΟεɺࣄྫɺϚχϡΞϧͳͲʣ ɾόϦϡʔνΣʔϯͷ੒ख़౓ίʔϙϨʔταΠυϊ΢ϋ΢ ʢҙࢥܾఆਝ଎Խͷ࢓૊ΈɺΨόφϯεɺίϯϓϥΠΞϯεͳͲʣ ɾΞϓϦέʔγϣϯϨΠϠʔͷωοτϫʔΫޮՌ ɾϦϨʔγϣϯγοϓΞηοτ ʢސ٬ɺϝσΟΞɺΨόϝϯτɺ౤ࢿՈɺ ϝϯλʔΞυόΠβʔɺαϓϥΠϠʔͳͲʣ ɾ޿ࠂҎ֎ͷސ٬֫ಘνϟωϧ ʢϝσΟΞϦϨʔγϣϯίϛϡχςΟʔ ΠϯϑϧΤϯαʔͳͲʣ ɾ޿ࠂʹΑΔ֫ಘνϟωϧ ɾϒϥϯυೝ஌౓ ɾઓུͷ໌֬͞ ɾઓུͷಠࣗੑ ɾΠϊϕʔγϣϯϞσϧ 4USBUFHZ $PQZ3JHIU"MM3FTFSWFECZ.BTBZVLJ5BEPLPSP

IUUQTTUFQQOXPSME

Ծ૝௨՟ͰۺΛങͬͯ า͍ͯՔ͙Ϟσϧ .PWFUPFBSO IUUQTCMPDLDIBJOHBNFKQQSFQBSBUJPOGPSTUFQO

1SPEVDU &OE 6TFST 4UFQO 5FBN 7$ "OHFM ಈ͘ͱ τʔΫϯ͕ Ք͛Δ
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45&1.ͷτʔΫϯ (.5(45 ͕ Ծ૝௨՟औҾॴʹ্৔ *&0 IUUQTOFXTZBIPPDPKQBSUJDMFTGDGDGDCCD ff BDBE IUUQTDPJOQPTUKQ
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্৔͔ͯ͠ΒͷτʔΫϯͷ஋ಈ͖ IUUQTDPJONBSLFUDBQDPNKBDVSSFODJFTHSFFONFUBWFSTFUPLFO $PQZ3JHIU"MM3FTFSWFECZ.BTBZVLJ5BEPLPSP

ࠓޙɺΨόφϯετʔΫϯ (.5 ͕ͲͷΑ͏ʹ ഑෍͞Ε͍͔ͯ͘໌ࣔ͞Ε͍ͯΔ τʔΫϯΤίϊϛΫεʣ IUUQTTUFQODPNMJUF1BQFS

%FDFOUSBMJ[FE)BSEXBSF /FUXPSL $POTFOTVT $PNQVUF 4NBSU$POUSBDUT 6TFS*OUFSGBDF 6TFS 6TFS %BUB %JHJUBM"TTFUT
/'5 ಛతاۀͷ ઐ༗ࢿ࢈ʹ͸ ͳΒͳ͍ 8FC 1SPHSBNBCMFCMPDLDIBJO 7PUJOH ϝΧχζϜ "QQMJDBUJPO 1SPUPDPM ʴ $PQZ3JHIU"MM3FTFSWFECZ.BTBZVLJ5BEPLPSP

ӡӦ 'VOE &RVJUZ 5PLFO 4PMBOB 7BMJEBUPST 5PLFO7BMVFT 1SPUPDPM #BTFEPO 4NBSUDPOUSBDU 1SPEVDUJPO $BQJUBM JF@1P81P4 4UFQOɹ 8FC4UBSUVQ 1SPEVDU %FTJHO"SDIJUFDUVSF 8IJUF 1BQFS *ODFOUJWF ʢ5PLFOT ⁷ (PWFSOBODF *ODFOUJWF ʢ5PLFOT ⁷ (PWFSOBODF *ODFOUJWF ʢ5PLFOT ⁷ (PWFSOBODF 6UJMJUZ (45 ϢʔςΟϦςΟτʔΫϯʣ 4PM Ψε୅ Ͱߪೖ /'5γϡʔζ ࢓૊Έ Ψόφϯε τʔΫϯͷ෼഑͕ ։ࣔ͞Ε͍ͯΔ $PQZ3JHIU"MM3FTFSWFECZ.BTBZVLJ5BEPLPSP

ӡӦ 'VOE &RVJUZ 5PLFO 4PMBOB 7BMJEBUPST 5PLFO7BMVFT 1SPUPDPM #BTFEPO 4NBSUDPOUSBDU 1SPEVDUJPO $BQJUBM JF@1P81P4 4UFQOɹ 8FC4UBSUVQ 1SPEVDU %FTJHO"SDIJUFDUVSF 8IJUF 1BQFS *ODFOUJWF ʢ5PLFOT ⁷ (PWFSOBODF *ODFOUJWF ʢ5PLFOT ⁷ (PWFSOBODF *ODFOUJWF ʢ5PLFOT ⁷ (PWFSOBODF 6UJMJUZ (45 ϢʔςΟϦςΟτʔΫϯʣ 4PM Ψε୅ Ͱߪೖ /'5γϡʔζ 4UFQO ܦࡁݍ͕ ࣮૷͞Ε͍ͯΔ $PQZ3JHIU"MM3FTFSWFECZ.BTBZVLJ5BEPLPSP

࣮૷͞ΕΔ࢓૊Έ$PEF͕ެ։ ʢΦϯνΣʔϯͱΦϑνΣʔϯʣ $PQZ3JHIU"MM3FTFSWFECZ.BTBZVLJ5BEPLPSP

/'5ͰߪೖͰ͖Δ εχʔΧʔͷઆ໌ IUUQTXIJUFQBQFSTUFQODPNHBNF fi FMFNFOUTTOFBLFST $PQZ3JHIU"MM3FTFSWFECZ.BTBZVLJ5BEPLPSP

7PUJOH1PXFSͷઆ໌ ௕͘࢖͑͹࢖͏΄Ͳɺ ӨڹྗΛ࣋ͯΔΑ͏ʹͳΔ IUUQTXIJUFQBQFSTUFQODPNHBNF fi FMFNFOUTTOFBLFST $PQZ3JHIU"MM3FTFSWFECZ.BTBZVLJ5BEPLPSP

%FDFOUSBMJ[FE)BSEXBSF /FUXPSL $POTFOTVT $PNQVUF 4NBSU$POUSBDUT 6TFS*OUFSGBDF 6TFS 6TFS %BUB %JHJUBM"TTFUT
/'5 ϓϩτίϧ্ʹ Ձ஋͕୲อ͞ΕΔ 8FC 1SPHSBNBCMFCMPDLDIBJO 7PUJOH ϝΧχζϜ "QQMJDBUJPO 1SPUPDPM ʴ 6*69Ձ஋ ΋ॏཁ $PQZ3JHIU"MM3FTFSWFECZ.BTBZVLJ5BEPLPSP

า͘͜ͱʹΑΔ݈߁ଅਐ IUUQTXXXNFUJHPKQTIJOHJLBJTBOLPTIJO@LFJ[BJQEG@@QEG

IUUQTXXXHBNFSOFUHBNFT( 4UFQO1PLFNPO(P

4UFQOΛ࢖͏͜ͱʹΑΔ ೋࢎԽ୸ૉഉग़ͷ཈੍ IUUQTDPJONBSLFUDBQDPNHSBWJUZBSUJDMFT

̏ํΑ͔͠Β ̒ํΑ͠΁ ʮ4%(TࢥߟʯΑΓ

Ϣʔβʔ αϓϥΠϠʔ ैۀһ ۜߦ ࠃ஍Ҭ ελʔτΞοϓ ىۀՈ ΤϯδΣϧ 7$ ػؔ౤ࢿՈ
ࣄۀձࣾ ͜Ε͔ΒͷεςʔΫϗϧμʔ $PQZ3JHIU"MM3FTFSWFECZ.BTBZVLJ5BEPLPSP

9&BSOΛண૝͢Δࡍʹ͸ ֎෦ܦࡁੑ΍ εςʔΫϗϧμʔͷத௕ظతศӹ͕େࣄʹͳΔ

࣌ؒ ຊݯత Ձ஋ Ձ֨ 8FC%BQQT Ձ্֨ঢ ͕ܧଓͯ͠ อ༗Ձ஋͕ ૿͑Δ ࢿ࢈Ձ஋
Ձ֨ $PQZ3JHIU"MM3FTFSWFECZ.BTBZVLJ5BEPLPSP

%"08FCϞσϧ 5JFSϞσϧʣ גࣜձࣾϞσϧ 5JFSϞσϧʣ τʔΫϯϗϧμʔ ίΞίϯτϦϏϡʔλʔ Ϣʔβʔ ࢀՃऀ ίϯτϦ Ϗϡʔλʔ
څྉάϥϯτ Λڌग़ Ϣʔβʔ ࢀՃऀͷڥքઢ ͸ᐆດ גओ औక໾ձ ૊৫Λ౷࣏͢Δ औక໾ձΛঠѲ ࣥߦ͢Δ ϚωδϝϯτνʔϜ Λ؂ಜ ࣥߦ໾һ ैۀһ Ϣʔβʔ Ϛωδϝϯτͷ΋ͱ ΦϖϨʔγϣϯΛ ࣮ߦ ໾຿Λఏڙ ໌֬ͳ ڥքઢ ᐆດͳ ڥքઢ 4NBSU $POUSBDU 4NBSU $POUSBDU ΦϑϥΠϯ Ψόφϯε ΦϑϥΠϯ Ψόφϯε ΦϑϥΠϯ Ψόφϯε $PQZ3JHIU"MM3FTFSWFECZ.BTBZVLJ5BEPLPSP

اۀ Ձ஋ #4 1- Ձ஋ ɾݱࡏͷऩӹੑ ɾ#4ͷ݈શੑʢݱ༬ۚɺआۚɺτϨδϟϦʔʣ ɾݻఆࢿ࢈ͷՁ஋ γεςϜɺઃඋͳͲʣ 8FCελʔτΞοϓͷՁ஋ʢόϦϡΤʔγϣϯʣΛܾΊΔཁૉ
.0"5 %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 /FUXPSLF ff FDU #VTJOFTTSFMBUJPOTIJQ"TTFU #SBOE"XBSFOFTT.BSLFUJOH"TTFU 0QFSBUJPOBM&YDFMMFODF ɾόϦϡʔνΣʔϯͷ੒ख़౓ΧελϚʔରԠଆϊ΢ϋ΢ ʢϕετϓϥΫςΟεɺࣄྫɺϚχϡΞϧͳͲʣ ɾόϦϡʔνΣʔϯͷ੒ख़౓ίʔϙϨʔταΠυϊ΢ϋ΢ ʢҙࢥܾఆਝ଎Խͷ࢓૊ΈɺΨόφϯεɺίϯϓϥΠΞϯεͳͲʣ ɾΤίγεςϜʢϓϩτίϧϢʔβʔ ίϯτϦϏϡʔλʔʣωοτϫʔΫޮՌ ɾίϛϡχςΟΞηοτ ɾϦϨʔγϣϯγοϓΞηοτ ʢސ٬ɺϝσΟΞɺΨόϝϯτɺ౤ࢿՈɺ ϝϯλʔΞυόΠβʔɺαϓϥΠϠʔͳͲʣ ɾ޿ࠂҎ֎ͷސ٬֫ಘνϟωϧ ʢϝσΟΞϦϨʔγϣϯίϛϡχςΟʔ ΠϯϑϧΤϯαʔͳͲʣ ɾ޿ࠂʹΑΔ֫ಘνϟωϧ ɾϒϥϯυೝ஌౓ ɾઓུͷ໌֬͞ ɾઓུͷಠࣗੑ ɾΠϊϕʔγϣϯϞσϧ 4USBUFHZ $PQZ3JHIU"MM3FTFSWFECZ.BTBZVLJ5BEPLPSP

%FDFOUSBMJ[FE)BSEXBSF /FUXPSL $POTFOTVT $PNQVUF 4NBSU$POUSBDUT 6TFS*OUFSGBDF 6TFS 1SPHSBNBCMFCMPDLDIBJO "QQMJDBUJPO .PSF
$POUSJCVUPS 1SPUPDPM .PSF 6TFST .PSF 4PQIJTUJDBUFE (PWFSOBODF .PSF 5SFBTVSZ .PSF *OWFTUPS .0"5 ͲΕ͚ͩ ੝Γ্͕ͬͯ ͍Δ͔ʁ $PQZ3JHIU"MM3FTFSWFECZ.BTBZVLJ5BEPLPSP

8FCͱ8FCͷҧ͍ $PQZ3JHIU"MM3FTFSWFECZ.BTBZVLJ5BEPLPSP

8FCͬͯԿ͔ͷ໾ʹཱͭͷʁ $PQZ3JHIU"MM3FTFSWFECZ.BTBZVLJ5BEPLPSP

)JWFNBQQFS $PQZ3JHIU"MM3FTFSWFECZ.BTBZVLJ5BEPLPSP

(PPHMF .BQ &OE 6TFST (PPHMF (PPHMF .BQͷ ࢖༻ ਓతࢿݯ ӡӦ
(PPHMF.BQ 8FC$PNQBOZ ݕࡧ ཤྺ 6TFS %BUB ళฮαʔϏε ϓϩόΠμʔ ೝ஌ ޲্ "1* ར༻ྉ ΑΓޮ཰తͳ ӡ༻ͷͨΊʹσʔλ׆༻ "QQMJDBUJPO $PQZ3JHIU"MM3FTFSWFECZ.BTBZVLJ5BEPLPSP

(PPHMF .BQ &OE 6TFST (PPHMF (PPHMF .BQͷ ࢖༻ ਓతࢿݯ ӡӦ
(PPHMF.BQ 8FC$PNQBOZ ݕࡧ ཤྺ 6TFS %BUB ళฮαʔϏε ϓϩόΠμʔ ೝ஌ ޲্ "1* ར༻ྉ ΑΓޮ཰తͳ ӡ༻ͷͨΊʹσʔλ׆༻ "QQMJDBUJPO Ͳ͏σʔλ ׆༻͍ͯ͠Δ͔͸ ϒϥοΫϘοΫε $PQZ3JHIU"MM3FTFSWFECZ.BTBZVLJ5BEPLPSP

ձ͕ࣾ ઐ༗ࢿ࢈ͱͯ͠ ॴ༗͍ͯ͠Δ )BSEXBSF$MPVE$PNQVUFS $FOUSBMJ[FE%BUBCBTF #BDLFOE 6TFS*OUFSGBDF 6TFS 6TFS %BUB
8FC 5$1*1 )5514 "QQMJDBUJPO 1SPUPDPM $PQZ3JHIU"MM3FTFSWFECZ.BTBZVLJ5BEPLPSP

τʔΫϯΛ׆༻ͯ͠ ଟ͘ͷυϥΠόʔͰҰॹʹ࠷৽ͷ ஍ਤΛ࡞͍ͬͯ͘ IUUQTIJWFNBQQFSDPN $PQZ3JHIU"MM3FTFSWFECZ.BTBZVLJ5BEPLPSP

஍ਤ͸ɺ࡞੒ʹඇৗʹίετ͕͔͔ΔͨΊɺҰ෦ͷاۀʹΑͬͯ΄ͱΜͲίϯτϩʔ ϧ͞Ε͍ͯ·͢ (PPHMFͳͲʣɻͦͷͨΊɺݱࡏͷ஍ਤʹ͸ଟ͘ͷ໰୊͕͋Δ ᶃاۀʹͱͬͯߴ͍ίετ ஍ਤ"1*ͷίετ͸ɺڝ૪ͷܽ೗ʹΑΓ্ঢ͠ଓ͚͍ͯΔ ᶄߋ৽ස౓΍ΧόϨοδʹϜϥ͕͋Δɻ ߋ৽ස౓͕ͱΧόʔൣғʹϜϥ͕͋Δɻ஍ਤͷ࡞੒ͱҡ࣋ʹ๲େͳඅ༻͕͔͔ΔͨΊɺ ஍ਤͷ઱౓͕௿Լ͍ͯ͠Δɻൃల్্ࠃͰ͸ɺ஍ਤ࡞੒ʹߴ͍ίετ͕͔͔ΔͨΊɺ ܦࡁϞσϧ่͕յ͠ɺ஍ਤ͕େ͖͘ྼΔɻ
ᶅϢʔβʔσʔλͷࣗ༝ར༻ɻ طଘͷ஍ਤ͸ɺࢲͨͪͷݸਓతͰػີੑͷߴ͍Ґஔ৘ใΛɺࣗ෼ͨͪͷ஍ਤΛվྑ͢ ΔͨΊʹແঈͰ࢖༻͍ͯ͠ΔͨΊݕӾͷର৅ʹͳΓ΍͍͢ɻେखϋΠςΫاۀ͸ଟ͘ͷ ࠃͰ෯޿͘ࣄۀΛల։͓ͯ͠Γɺ੓࣏Ո΍౔஍ॴ༗ऀΛຬ଍ͤ͞ΔͨΊʹɺ஍ਤͷݕӾ ΍मਖ਼Λ༨ّͳ͘͞ΕΔ͜ͱ͕ଟ͍ɻ (PPHMF.BQͷ՝୊ $PQZ3JHIU"MM3FTFSWFECZ.BTBZVLJ5BEPLPSP

)JWFNBQQFS )JWFNBQQFS͸෼ࢄܕͰੈք஍ਤΛ࡞੒ͯ͠ɺߩݙʹରͯ͠τʔΫϯΛൃߦ͢Δ )JWFNBQQFS/FUXPSLͷಛ௃͸ɺ஍ਤͷΧόϨοδɺ઱౓ɺ඼࣭ΛߴΊΔͨΊ ʹɺߩݙऀʹΠϯηϯςΟϒΛ༩͑Δ࢓૊Έʹ͋Δ ं΍τϥοΫʹγϯϓϧͳ,μογϡΧϜΛऔΓ෇͚ɺߩݙऀ͸)JWFNBQQFS͕ ൃߦ͢Δ৽͍͠τʔΫϯΛ֫ಘ͠ɺ෼ࢄܕάϩʔόϧϚοϓͷҰ෦Λॴ༗͢Δ͜ ͱ͕Ͱ͖Δɺ·ͨੈքͷॏཁͳ஍ཧۭؒΠϯϑϥΛίετޮ཰ͷߴ͍ํ๏Ͱα ϙʔτ͢Δ͜ͱ͕Ͱ͖Δɻ )JWFNBQQFS/FUXPSL͸ɺϒϩοΫνΣʔϯ্ͷ෼ࢄܕάϩʔόϧϚοϓͱɺͦ ͷτʔΫϯͰ͋Δ)0/&:Λࣄۀͷಈྗݯͱ͍ͯ͠·͢ɻ෼ࢄܕϚοϐϯάωο
τϫʔΫͱ҉߸௨՟ͷಋೖʹΑΓɺ஍ਤ͸ৗʹߋ৽͞Εɺߴ඼࣭Ͱɺਅʹੈքશ ମΛΧόʔ͠ɺߩݙऀʹΑͬͯڞಉॴ༗͞ΕΔ࠷ઌ୺ͷੈք஍ਤ͕ग़དྷ্͕Δ $PQZ3JHIU"MM3FTFSWFECZ.BTBZVLJ5BEPLPSP

IUUQTIJWFNBQQFSDPN %SJWFUP&BSO υϥΠϒͯ͠Ք͙ʣ

ϑΟϦϐϯʢϚχϥʣͰ͸ ৗʹ࠷৽ͷϚοϓ͕ߋ৽͞Ε͍ͯΔ IUUQTIJWFNBQQFSDPNFYQMPSFSDPWFSBHFNBQ fi MUFSTEBTIDBN$BQQ$DFOUFS$$

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1SPEVDU &OE6TFST ʢ഑ૹۀऀͳͲʣ )JWFNBQQFS 5FBN 7$ "OHFM ӡӦ 'VOE &RVJUZ
5PLFO υϥΠόʔ 5PLFO7BMVFT 1SPUPDPM #BTFEPO 4NBSUDPOUSBDU )JWFNBQQFS 8FC4UBSUVQ 1SPEVDU %FTJHO"SDIJUFDUVSF 8IJUF 1BQFS *ODFOUJWF ʢ5PLFOT ⁷ (PWFSOBODF *ODFOUJWF ʢ5PLFOT ⁷ (PWFSOBODF ஍ਤͷ ࢖༻ྉۚ ࠷৽ͷ ஍ਤ )POFZ 50,&/ %BTIDBNFSB ࢓૊Έ Ψόφϯε τʔΫϯͷ෼഑͕ ։ࣔ͞Ε͍ͯΔ $PQZ3JHIU"MM3FTFSWFECZ.BTBZVLJ5BEPLPSP

1SPEVDU &OE6TFST ʢ഑ૹۀऀͳͲʣ )JWFNBQQFS 5FBN 7$ "OHFM ӡӦ 'VOE &RVJUZ
5PLFO υϥΠόʔ 5PLFO7BMVFT 1SPUPDPM #BTFEPO 4NBSUDPOUSBDU ࡾํΑ͠ͷੈքͷ࣮ݱ 1SPEVDU %FTJHO"SDIJUFDUVSF 8IJUF 1BQFS *ODFOUJWF ʢ5PLFOT ⁷ (PWFSOBODF *ODFOUJWF ʢ5PLFOT ⁷ (PWFSOBODF ஍ਤͷ ࢖༻ྉۚ ࠷৽ͷ ஍ਤ )POFZ 50,&/ %BTIDBNFSB $PQZ3JHIU"MM3FTFSWFECZ.BTBZVLJ5BEPLPSP

%FDFOUSBMJ[FE)BSEXBSF /FUXPSL $POTFOTVT $PNQVUF 4NBSU$POUSBDUT 6TFS*OUFSGBDF 6TFS 6TFS %BUB )JWFNBQQFS
1SPHSBNBCMFCMPDLDIBJO "QQMJDBUJPO $PQZ3JHIU"MM3FTFSWFECZ.BTBZVLJ5BEPLPSP

ͲͷΑ͏τʔΫϯΛ Ξϩέʔγϣϯ͍͔ͯ͘͠Λ͍ࣔͯ͠Δ 5PLFOPNJDT IUUQTIJWFNBQQFSDPNNBQQJOHOFUXPSLTZTUFNPWFSWJFX

Ϣʔβʔ αϓϥΠϠʔ ैۀһ ۜߦ ࠃ஍Ҭ ελʔτΞοϓ ىۀՈ ΤϯδΣϧ 7$ ػؔ౤ࢿՈ
ࣄۀձࣾ ͜Ε͔ΒͷεςʔΫϗϧμʔ $PQZ3JHIU"MM3FTFSWFECZ.BTBZVLJ5BEPLPSP

࣌ؒ ຊݯత Ձ஋ Ձ֨ 8FC%BQQT Ձ্֨ঢ ͕ܧଓͯ͠ อ༗Ձ஋͕ ૿͑Δ ࢿ࢈Ձ஋
Ձ֨ $PQZ3JHIU"MM3FTFSWFECZ.BTBZVLJ5BEPLPSP

9&BSOΛண૝͢Δࡍʹ͸ ϙδςΟϒͳ֎෦ܦࡁੑ΍ ίϯτϦϏϡʔλʔ͕τʔΫϯΛ ௕ظͰϗʔϧυ͠ଓ͚ΔͨΊΠϯηϯςΟϒઃܭ ͕େࣄʹͳΔ $PQZ3JHIU"MM3FTFSWFECZ.BTBZVLJ5BEPLPSP

ຊݯతՁ஋ͷఏڙ౓߹͍ ʢϙδςΟϒͳ֎෦ܦࡁੑͷఏڙ౓ʣ ϓϩμΫτͷ 69ͷलҳ౓ ) - - ) ༏Εͨ8FC ϓϩδΣΫτ
μϝͳ8FC ϓϩδΣΫτ ڧ͘ͳΓ͗ͯ͢ ͍ͭͷؒʹ͔ पΓ͔ΒՁ஋Λ ऩୣ͢Δ ϓϩδΣΫτ ੒௕΍ಠ઎Λ ࢤ޲͢Δ $$PSQʹ͔͔Δ ਐԽѹ 8FC $PQZ3JHIU"MM3FTFSWFECZ.BTBZVLJ5BEPLPSP

ຊݯతՁ஋ͷఏڙ౓߹͍ ʢϙδςΟϒͳ֎෦ܦࡁੑͷఏڙ౓ʣ τʔΫϯΛ׆༻ͨ͠ ΠϯηϯςΟϒ ઃܭͷ޼Έ͞ 9 ϓϩμΫτͷ 69ͷलҳ౓ ) -
- ) ༏Εͨ 8FC ϓϩδΣΫτ ϙϯδεΩʔϜత 8FC ϓϩδΣΫτ 8FCͷ ;ΓΛͨ͠ ͨͩ୯ͳΔ 8FC ϓϩδΣΫτ εςʔΫϗϧμʔ ΍֎෦ܦࡁʹ ຊݯతՁ஋ ʢ6UJMJUZతՁ஋ʣ ΛఏڙͰ͖Δ͔ ༏Εͨ69ʹՃ͑ͯ ޼ΈͳΠϯηϯςΟϒ ઃܭΛߦ͍ εςʔΫϗϧμʔ ίϯτϦϏϡʔλʔ Λר͖ࠐΊΔ͔ʁ 8FC $PQZ3JHIU"MM3FTFSWFECZ.BTBZVLJ5BEPLPSP

8FC 8FC ͜Ε·Ͱͷதԝूݖܕͷ࢓૊ΈͰ͸ɺݸਓ͕ܦࡁΠϯηϯςΟϒ͕࣋ͪʹ͔ͬ͘ ͨߦಈʢ஍ਤͷߋ৽ʣ͕͋ΔɻͦΕΛτʔΫϯͱςΫϊϩδʔΛۦ࢖ͯ͠ɺݸਓ ͷܦࡁΠϯηϯςΟϒΛ࢓૊ΈԽ͢Δʢ%SJWFUP&BSO .PWFUP&BSOͳͲʣ ͦΕΛɺεςʔΫϗϧμʔಉ࢜ͷωοτϫʔΫޮՌΛੜΈग़͠ͳ͕Βɺ 8FCاۀΛ௒͑Δʮେن໛ͳεέʔϧʯΛ࣮ݱͰ͖Δ͔ॏཁ $PQZ3JHIU"MM3FTFSWFECZ.BTBZVLJ5BEPLPSP

8FC͸ΠϯηϯςΟϒ ֵ໋Ͱ͋Δ $PQZ3JHIU"MM3FTFSWFECZ.BTBZVLJ5BEPLPSP

9UP&BSOͷ࣮૷͕ ࠷΋େ͖ͳεέʔϧͰ ͏·͍ͬͨ͘ͷ͕ #JUDPJOͰ͋Δ $PQZ3JHIU"MM3FTFSWFECZ.BTBZVLJ5BEPLPSP

.JOFUP&BSO

#JUDPJO &OE6TFST 4BUPTIJ /BLBNPUP Ձ஋ͷอ؅ ࢿۚͷҠಈ .JOFST 5IJSEQBSUZ %FWFMPQFST 5PLFO7BMVFT
1SPUPDPM #BTFEPO 4NBSUDPOUSBDU *ODFOUJWF (PWFSOBODF ϚΠχϯάύϫʔ 1P8 ։ൃ #JUDPJO 1SPEVDU %FTJHO"SDIJUFDUVSF *ODFOUJWF (PWFSOBODF *ODFOUJWF (PWFSOBODF 8IJUF 1BQFS 5SBOTBDUJPO %BUB 1SPUPDPM .JOFUP &BSO

1PXFSUPUIF1MBUGPSN 1PXFSUPUIF1FPQMF $PQZ3JHIU"MM3FTFSWFECZ.BTBZVLJ5BEPLPSP

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