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ΈΜͳ͕3FEBTIΛ
 ؾ࣋ͪΑ͘࢖͏΍ΓํΛ
 ߟ͑Δ

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ࢲ͸ͩΕʁ w ͖Μ͡ΐ͏ͻͰ͖ w αʔόʔαΠυ΍ͬͯ·͢ w 1)1΍ͬͯ·͢ w $POOFIJUPJOD w ΞΠίϯ͸ʮࡪ਌ࢠကʯͰ͢ w ʮΊ͠԰ʯ!ࡳຈ

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ࠓ೔࿩͢͜ͱʙ

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3FEBTIಋೖɺͷͪΐͬͱઌɻ

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3FEBTIಋೖʂͭͷؾ࣋ͪɻ w ,*.0$)*ೖΕ͔ͨΒʹ͸ຊؾͰྲྀߦΒ͍ͤͨʂʂ w ,*.0$)*ޮ཰Αͯ͘ੜ࢈తͰ૑଄తͳσʔλ෼ੳ׆ಈͱ͸ w ,*.0$)*೔ৗۀ຿ʹʮσʔλ෼ੳʯΛεοɾɾͱೖΕࠐΈ͍ͨ

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3FEBTIಋೖޙ͋Δ͋Δ w ݁ہ42-͔͚Δਓ͕ݶΒΕͯΔɻΤϯδχΞ͕σʔλग़͢ w ΫΤϦཚཱ໰୊ w ʮΫΤϦʯʮΫΤϦͷίϐʔʯʮ৽͍͠ΫΤϦʯʮ৽͍͠ΫΤϦ ʯɾɾɾ w Ͳ͜ʹͲΜͳσʔλ͕͋ΔΜͰ͔͢ɺ஌Βͳ͍ʂ࢖͑ͳ͍ʂ

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͓͠ͳ͕͖ w ίωώτʹ͓͚Δʮ3FEBTIಋೖʯ w ಋೖ௚ޙʹߦͬͨ͜ͱ
 ʮͻͱ·ͣօ͕σʔλΛ৮ΔʯͨΊͷࢧԉࡦ w ಋೖޙ͠͹Βͯ͘͠ߦͬͨ͜ͱ
 ʮ૊৫తʹσʔλ෼ੳΛ׆༻͢ΔʯͨΊͷࢧԉࡦ

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ίωώτʹ͓͚Δ3FEBTIͷಋೖ

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3FEBTINFFUVQWPM IUUQTTQFBLFSEFDLDPNTIPJDIJSPOEBUBESJWFO BOESFEBTI

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3FEBTIͷಋೖظ w ηοτΞοϓ
 ʮαʔόʔཱͯ·ͨ͠ʂΞΫηεݖݶઃఆ͠·ͨ͠ʂʯ w ࣾ಺αʔϏεΠϯ
 શ෦ॺɾશྖҬΛର৅ʹɺر๬ࢀՃ੍Ͱ
 ʮ͸͡Ίͯͷ3FEBTIʯϋϯζΦϯ w ΞϑλʔέΞ
 4MBDLʹʮ෼ੳͳΜͰ΋࣭໰ͪΌΜͶΔʯΛ։ઃ

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σʔλυϦϒϯͳҙࢥܾఆΛࢧ͑ΔSFEBTI׆༻ࣄྫ
 !3FEBTINFFUVQWPM IUUQTTQFBLFSEFDLDPNTIPJDIJSPOEBUBESJWFOBOESFEBTI

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ʮ͸͡Ίͯͷ3FEBTIʯϋϯζΦϯ w ʮ࣮ࡍʹΫΤϦΛॻ͍ͯΈΔʯʮμογϡϘʔυΛ࡞ͬͯΈΔʯͱ͍ ͏ωλͰ w LBLBLBLBLLVSFEBTIIBOETPO͕ΊͬͪΌ࠷ߴͳͷͰίϨΛࢀߟʹ ͭͭ͠ɾɾ w IUUQTHJUIVCDPNLBLBLBLBLLVSFEBTIIBOETPO w ͔ͤͬ͘ͷࣾ಺ษڧձͳͷͰɺ
 ࣗࣾαʔϏεΛ୊ࡐͱͯ͠਎ۙɾΠϝʔδ͠΍͍͢΋ͷʹɻ w ඇΤϯδχΞʹରͯ͠ɺ
 ʮΈΜͳͰू·ͬͯʯʮ࣮ࡍʹҰॹʹૢ࡞ͯ͠ΈΔʯ
 ͱ͍͏ͷ͸ྑ͔ͬͨؾ͕͢Δ

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࣮ࡍʹϋϯζΦϯͰར༻͞ΕͨࢿྉͷҰ෦
 ʮίϐϖϨϕϧͰ0,ʯͳ΋ͷΛͭͬͯ͘ɺҰॹʹಈ͔͠ ͨ

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4MBDLʹʮ෼ੳͳΜͰ΋࣭໰ͪΌΜͶΔʯΛ։ઃ w 42-తͳҙຯͰͷ࣭໰Ͱ΋ɺαʔϏευϝΠϯͷ஌ࣝతͳҙຯͰͷ࣭ ໰Ͱ΋ɺͻͱ·ͣʮ͜͜ʹ౤͛Ε͹͍͍ʯͱ͢Δ w 42-Λॻ͚ΔΤϯδχΞ΍ɺ
 ౰֘υϝΠϯͷ஌ࣝΛ࣋ͭਓ͕ؒࣗओతʹϝϯγϣϯΛर͏ w ෳࡶͳ΋ͷ͸ޱ಄ͰϑΥϩʔͨ͠Γɺ୅ཧͰΫΤϦΛॻ͍ͨΓ΋ w ·ͣ͸ࣾ಺ʹʮ3FEBTIͰग़དྷΔ͜ͱΛ૿΍͢ʯʮ৮ΔػձΛ૿ ΍͢ʯงғؾΛ࡞Δ

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ʮ࣭໰ऀͱಉ͡νʔϜͷਓ͕౴͑Λग़ͤͦ͏ʯͱࢥͬͨΒɺ
 ࣗ෼Ͱ౴͑ͣʹ͋͑ͯৼͬͨΓ΋ ʮ׆༻͢Δଆʯʮ౴͑ΔଆʯΛ͍͔ʹ૿΍ͤΔ͔ɻ

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ͦͷଞͷऔΓ૊Έ w ,1*ܥͷμογϡϘʔυ࡞੒ͷࢧԉ w ϓϩμΫτνʔϜͷεϓϦϯτʹ૊ΈࠐΜͰɺ
 ΤϯδχΞͷλεΫͱͯ͠औΓ૊Ή w ඇΤϯδχΞ σΟϨΫλʔ ޲͚ͷ42-ߨ࠲ w ϦʔυΤϯδχΞ͕ࣗओతʹ։࠵ɺۀ຿࣌ؒ಺ʹ༗ࢤΛର৅ʹ࣮ࢪ w جૅߏจͷϨΫνϟʔͩͬͨΓɺ
 ࣋ͪدͬͨϢʔεέʔεʹԊͬͨ಺༰ͩͬͨΓ

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3FEBTIಋೖͷৼΓฦΓ

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ʮ3FEBTIಋೖޙ͋Δ͋Δʯͷน w ΫΤϦཚཱ໰୊ w ʮطʹ͋ΔΑ͏ͳΫΤϦʯΛɺࣗ෼Ͱ݁ہॻ͍ͯ͠·͏ w σʔλιʔε΍εΩʔϚͷ஌ࣝ֨ࠩ w Ͳ͜ʹͲΜͳσʔλ͕͋ΔΜͰ͔͢ɺ஌Βͳ͍ʂ࢖͑ͳ͍ w ฉ͔ͳ͍ͱॻ͚ͳ͍ฉ͘ͷԯ߷ॻ͔ͳ͍

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͜ΕΒͷ໰୊͸Ͳ͏ʹ͔͍ͨ͠ɻ

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͚Ͳɺ
 ͦͷલʹͪΐͬͱཱͪࢭ·ͬͯߟ͑Δɻ

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ͦ΋ͦ΋
 ʮΈΜͳͰ3FEBTIʯ͸
 Կ͕͍ͨ͠Μ͚ͩͬʁ

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૊৫ʹ͓͚Δʮσʔλ׆༻ʯͷਐల ݸਓతʹߟ͑Δʮσʔλ׆༻ʯͷ౓߹͍͸ҎԼͷΑ͏ͳܗ σʔλʹࣗ༝ʹΞΫηεͰ͖Δ ؆୯ͳΫΤϦͳΒ ࣗ෼Ͱ࣮ߦͰ͖ΔɾσʔλΛҾ͖ग़ͤΔ ΍΍ߴ౓ͳΫΤϦ΋ɺॿ͚ΛआΓͳ͕Β࣮ߦͰ͖Δঢ়ଶ ඞཁͳσʔλ͸ʮ୭͔͕ॻ͍͍ͯΔʯঢ়ଶ ࡞੒͞Ε͍ͯΔσʔλ͔ΒֶͼΛಘΒΕΔঢ়ଶ

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σʔλʹࣗ༝ʹΞΫηεͰ͖Δ w ΠϯϑϥɺೝূೝՄͷ੔උ w ʮσʔλϕʔεʹରͯ͠ʯʮΫΤϦΛ࣮ߦͰ͖Δʯ؀ڥ w ίωώτͷ৔߹͸ શ৬छର৅ w ˞ΫϦςΟΧϧͳσʔλ΍ݸਓ৘ใ͸আ͘ 3FEBTIͷಋೖɾΞΧ΢ϯτͷൃߦ

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؆୯ͳΫΤϦͳΒ ࣗ෼Ͱ࣮ߦͰ͖ΔɾσʔλΛҾ͖ग़ͤΔ w 42-ͷجૅจ๏Λཧղ͍ͯ͠Δ w ྫ͑͹ʮಛఆظؒͷ౤ߘ਺ $06/5 ʯʮಛఆϢʔβʔͷ౤ߘҰཡʯ ͳͲ جૅతͳ਺஋ɾूܭͷͨΊʹ3FEBTIΛར༻͍ͯ͠Δ

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΍΍ߴ౓ͳΫΤϦ΋ɺॿ͚ΛआΓͳ͕Β࣮ߦͰ͖Δঢ়ଶ w ʮͲ͜ʹͲΜͳσʔλ͕͋Δ͔ʯʹ͍ͭͯগͣͭ͠ཧղͰ͖͍ͯΔ w ʮΫΤϦ͕͋Ε͹Θ͔Γͦ͏ʯͱ͍͏ൃ૝͕਎ʹ͍͍ͭͯΔ w σʔλʹओମతͳڵຯΛ࣋ͬͯɺ֤ࣗͷ಺Ͱ՝୊ઃఆ͕Ͱ͖Δ ՝୊ղܾͷͨΊʹ3FEBTIΛར༻͍ͯ͠Δ

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ඞཁͳσʔλ͸ʮ୭͔͕ॻ͍͍ͯΔʯঢ়ଶ w ,1*΍ͦΕʹ४ͣΔσʔλͳͲɺ
 ʮΑ͘࢖͏ʯΑ͏ͳΫΤϦɾμογϡϘʔυ͕੔උ͞Ε͍ͯΔ w ʮطʹଘࡏ͢ΔʯσʔλΛɺ
 ࡞੒ͨ͠ຊਓҎ֎΋ൃݟͰ͖Δࣄ͕ॏཁ ೔ৗతͳۀ຿ͷઅʑʹ3FEBTI͕૊Έࠐ·Ε͍ͯΔ

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࡞੒͞Ε͍ͯΔσʔλ͔ΒֶͼΛಘΒΕΔঢ়ଶ w ଞਓͷ࡞੒ͨ͠ΫΤϦɾμογϡϘʔυͷத͔Β
 ࣗ਎ʹؔ࿈͢Δ΋ͷΛੵۃతʹݟ͚ͭग़ͤΔঢ়ଶ w طଘͷσʔλ͔ΒࣔࠦΛಘͯɺ
 ΑΓ୳ࡧతͳσʔλ෼ੳ΍ϓϩμΫτ΁ͷϑΟʔυόοΫ σʔλ͔Βண૝ΛಘͯΞΠσΟΞ͕ੜ·Ε͍ͯΔ

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ʮ3FEBTI͋Δ͋Δʯͷ໰୊͸ɺ
 ૊৫ͷঢ়ଶʹԠͯ͡
 ଊ͑Δඞཁ͕͋Δؾ͕͢Δ

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ίωώτͷ৔߹ɾɾɾ w 3FEBTIʹ௚઀৮ΕΔ෦໳͕ɺଟذʹΘͨΔ w Ӧۀ ΧελϚʔαϙʔτ ϝσΟΞ ΞϓϦάϩʔε ϚʔέςΟϯά ΞϓϦاըFUDʜ w ͦΕͰ΋શମͷαΠζ͸͞΄Ͳେ͖͘ͳ͍ w ࣮ࡍʹʮσʔλग़͠ʯΛͦ͠͏ͳͷ͸໊ఔ౓ w ֤ྖҬͷαΠζ͕খ͍͞ɻେମʙ໊ఔ౓

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ίωώτͷ৔߹ɾɾɾ w ޲͖߹͍ͬͯΔ՝୊3FEBTIʹٻΊΔ৘ใ͕༷ʑ w ͳΜͱͳ͘શମͷ 42-౳ͷ Ϩϕϧײ͸೺ѲͰ͖Δ w ୭͔ਓʮ΍Δؾ͕͋Δਓʯ͕͍Ε͹໨͕ಧ͘αΠζ

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՝୊ w ͍·ͷͱ͜Ζɺ
 ʮ ؆୯ͳΫΤϦͳΒ ࣗ෼Ͱ࣮ߦͰ͖ΔɾσʔλΛҾ͖ग़ͤΔʯ͠ʮ΍ ΍ߴ౓ͳΫΤϦʯ΋νϥϗϥॻ͘ਓ͕૿͍͑ͯΔঢ়ଶ w ࣍ʹ໨ࢦ͍ͨ͠ͷ͸ɺ
 ʮޮ཰తʹ3FEBTIΛ࢖͑Δʯʮଞਓͷࢿ࢈Λ΋ͬͱ׆͔ͤΔʯঢ়ଶ

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ʮಋೖޙ͋Δ͋Δʯͷ
 ΫΤϦཚཱ໰୊ΛͲ͏ʹ͔͍ͨ͠ʂ

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ͱ͍͏͔ 
 ʮ͜ΜͳΫΤϦͳ͍͔ͳʁʯΛ
 ͏·͘୳ͤͳ͍໰୊ʂʂ

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ΞΫγϣϯͷଧͪग़͠

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Ͳ͏ͨ͠ΒʮΫΤϦ͕ݟ͔ͭΔʯΑ͏ʹͳΔ͔ʁ w ݱঢ়࠶ೝࣝ w ͔ͳΓ޿͍ྖҬͰ3FEBTIʹ৮Ε͍ͯΔঢ়ଶ w ͦΕͧΕ͕খ͍͞νʔϜ w গͣͭ͠ʮߴ౓ͳ෼ੳʯʹ౿Έग़͍ͯ͠Δ ʮଞਓͷΫΤϦʯΛݟ͍ͨͱͨ͠Βɺ
 ਂ͘ڱ͘ͳχʔζ͕͋Γͦ͏

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ʮؔ৺ྖҬʯϕʔεͰɺ
 طଘͷΫΤϦΛݟ͚ͭ΍͘͢͠Α͏ ͱ͍͏͜ͱͰɾɾɾ

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΍ͬͨ͜ͱ w ໋໊نଇͷઃఆ w ΄΅ ૊৫ମʹ߹க͢ΔܗͰɺ
 ΫΤϦɾμογϡϘʔυʹQSFpYΛࢦఆ w ʮࣗ෼ͷྖҬʯʹଐ͢ΔΫΤϦΛҾ͖ग़ͤΔΑ͏ʹ

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ΧςΰϦͷઃఆ ʮେʯʮதʯͷΧςΰϦΛ૊Έ߹Θͤͯར༻͢ΔΑ͏ʹɻ w େΧςΰϦɾɾαʔϏε΍෦ॺ͘Β͍ͷཻ౓ w தΧςΰϦɾɾ෦ॺҎԼͷྖҬάϧʔϓ͘Β͍ͷཻ౓

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֤ΧςΰϦ͝ͱͷΫΤϦҰཡ ໋໊نଇʹै͍ͬͯΔμογϡϘʔυ΍ΫΤϦ͸ɺ
 ʮΧςΰϦผʯʹҰཡԽͰ͖ΔΑ͏ʹ͢Δ

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μογϡϘʔυͷάϧʔϐϯά A1SFpY999Aͱ͍͏ܗͰɺࣗಈతʹάϧʔϐϯά͞ΕΔͷͰ
 ͦͷػೳΛར༻͢Δ

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ΫΤϦͷάϧʔϐϯά 3FEBTIͷϝλςʔϒϧ RVFSJFT ʹରͯ͠ΫΤϦΛ࡞੒͠
 5BCMFͷઃஔ

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ؔ৺ྖҬ͝ͱͷάϧʔϐϯά͕࣮ݱʂ w ͦΕͧΕͷྖҬ͝ͱͷʮϙʔλϧʯ͕3FEBTI্ʹ࡞੒͞ΕΔ w ྫ͑͹ʮϝσΟΞɾฤूνʔϜʯͷ৔߹͸ɺ
 ʮ+1@&EJUPSJBMʯͷΫΤϦ΍ҰཡΛݟΔͱ
 ʮσʔλ͕ू·͍ͬͯΔʯঢ়ଶʹ w ·ͣ͸ʮσʔλ͕ἧ͍ͬͯΔʯঢ়ଶʹ͚͍ۙͮͯ͘

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͋ͱ΋͏าʂ w ʮ໋໊نଇʯͷਁಁ͸େมͳͷͰ w ͻͱ·ͣ͸ɺ
 ਓྗͰʮ໨ʹ͍ͭͨΒ໊લΛ௚͢ʯӡ༻Λ͍ͯ͠·͢
 ʮӡ༻͢Δʯύϫʔ͕ඞཁɻ໘౗ष͕Βͳ͍ɻ w ਺͕ू·͖ͬͯͨΒʮάϧʔϐϯά͞Ε͍ͯΔࢫຯʯ͕ग़ͯ͘Δ͸ͣ w ࣍ୈʹਁಁ͍ͯ͘͠ͷͰ͸ɾɾɾ

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͜Ε͕ɺ
 ίωώτͰʮ3FEBTIಋೖظʯΛܦͯ
 औΓ૊ΜͰ͍Δ͜ͱɻ

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·ͱΊ w ܁Γฦ͠ʹͳΓ·͕͢ 
 σʔλͷʮ෼ੳʯʮ׆༻ʯʹ͍ͭͯ͸ɺ
 ૊৫΍ϑΣʔζʹԠ๊ͯ͑͡Δ՝୊͕ҟͳΓͦ͏ w ͱ͸͍͑ɺ
 ʮΫΤϦཚཱʯͷΑ͏ͳ໰୊͸ڞ௨ͷ΋ͷͱͯ͠ଘࡏͦ͠͏ w ද໘తʹରॲ͢ΔͷͰ͸ͳ͘ɺ
 ʮࣗ෼ͨͪͷ৔߹ɺͲ͏࢖͍͖͍͔ͬͯͨʯ͕େࣄͳͷͰ͸ w 3FEBTIͷӡ༻ϊ΢ϋ΢͕΋ͬͱੈͷதʹग़ճͬͯ΄͍͠ɾɾʂ

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͝ਗ਼ௌ͋Γ͕ͱ͏͍͟͝·ͨ͠ʂ ˒ΞΠίϯʹ͍ͭͯ ఆ৯Ί͠԰ ۏࣅఆ৯ 3FUUZ
 IUUQTSFUUZNFBSFB13&"3& 46#

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ࢀߟ w 1BJSTͰͷ׆༻ྫ͔ΒֶͿSFEBTIಋೖͷ͢ʍΊr&VSFLB&OHJOFFSJOHr.FEJVN
 IUUQTNFEJVNDPNFVSFLBFOHJOFFSJOH⒎EBD w 3FEBTIͷ௕ظӡ༻Λݟਾ͑ͯΫΤϦͷ໊લ෇͚ʹ͍ͭͯߟ͑ΔBSJBSJKQ`TCMPH
 IUUQBSJBSJKQIBUFOBCMPHDPNFOUSZSFEBTIBEWFOUDBMFOEBSEBZ w 3FEBTIΛৄֶ͘͠΂Δʮ3FEBTIϋϯζΦϯࢿྉʯΛ࡞ͬͨLBLBLBLBLLV CMPH
 IUUQTLBLBLBLBLLVIBUFOBCMPHDPNFOUSZ w σʔλυϦϒϯͳҙࢥܾఆΛࢧ͑ΔSFEBTI׆༻ࣄྫ%BUBESJWFOBOESFEBTI 4QFBLFS%FDL
 IUUQTTQFBLFSEFDLDPNTIPJDIJSPOEBUBESJWFOBOESFEBTI w 3FσʔλຽओԽͷ࣮ݱͱ3FEBTIʙΑΓσʔλΛ׆༻͢ΔͨΊͷ໋໊نଇΛͲ͏ ͢Δ͔ʙίωώτ։ൃऀϒϩά
 IUUQUFDIDPOOFIJUPDPNFOUSZ