1 © 2 0 1 9 At r a e , I n c . A l l r i g h t s r e s e r v e d . ΧΦεͳϏδωενʔϜʹ͓͚Δ ԁ׈ͳίϛϡχέʔγϣϯͱ͸

2 ৿ࢁ༤و .PSJZBNB:VLJ © 2 0 1 9 At r a e , I n c . A l l r i g h t s r e s e r v e d . &OHJOFFS1+5-FBEFS 6*69%FTJHOFS ৽֞ܓޛ ೥ΞτϥΤʹΤϯδχΞͱͯ͠ೖࣾɻೖࣾޙɺ ʮస৬αΠτ(SFFOʯͷاըɾ։ൃʹܞΘΔɻೖࣾ ೥໨͔ΒಉࣾͷܦӦϝϯόʔͱͯ͠ɺܦӦαΠυʹ΋ ܞΘΔɻ೥ΑΓɺ૊৫վળϓϥοτϑΥʔϜ ʮXFWPYʯΛ্ཱͪ͛ɺݱࡏ੹೚ऀΛ຿ΊΔɻ ೥ʹגࣜձࣾ%POVUT΁ͱೖࣾ͠ɺ೥ؒ4BB4 αʔϏεͷӦۀ΍$4ʹैࣄɻ೥ΞτϥΤ΁ࢀ ըɻXFWPYͷ6*69σβΠϯΛ୲౰ "SBLBLJ,FJHP

ੈքதͷਓʑΛັྃ͢ΔձࣾΛ૑Δ

ࢿຊۚ ԯ ສԁ גࣜձࣾΞτϥΤ ˞(SFBU1MBDFUP8PSLš*OTUJUVUF+BQBO࣮ࢪʢैۀһʙ໊ͷ෦ʣ ԯԁ ࣌Ձ૯ֹ ࣾһ਺ ໊ ౦ূϚβʔζ্৔ ೥݄ ೥݄ ౦ূҰ෦ʹࢢ৔มߋ ࠃ಺ϥϯΩϯά ΞδΞϥϯΩϯά ೥൛ʮಇ͖͕͍ͷ͋Δձࣾʯ Ґ Ґ ΞτϥΤઃཱ ೥݄ ౦ূҰ෦্৔ɿ Ԋֵ ࣌఺ 4 ձࣾ֓ཁ © 2 0 1 9 At r a e , I n c . A l l r i g h t s r e s e r v e d .

5 1FPQMF5FDI$PNQBOZͱࣗࣾΛఆٛ ୯ͳΔ)3ྖҬͰ͸ͳ͘ ςΫϊϩδʔʹΑͬͯ ਓͷՄೳੑΛ֦͛ΔࣄۀΛ૑଄ νʔϜྗΛݺͼى͜͢ ૊৫վળϓϥοτϑΥʔϜ ϏδωεΛՃ଎ͤ͞Δ ग़ձ͍ΛੜΈग़͢ "*ϏδωεϚονϯάΞϓϦ ʮਓͱ૊৫Λݩؾʹ͢Δʯ ੒ޭใुܕٻਓϝσΟΞ ձࣾ֓ཁ#VTJOFTT © 2 0 1 9 At r a e , I n c . A l l r i g h t s r e s e r v e d .

6 ੈ ք த ͷ ਓ ʑ Λ ັ ྃ ͢ Δ ձ ࣾ Λ ૑ Δ ձࣾ֓ཁ"USBF*EFOUJUZ େ ੾ ͳ ਓ ʹ ތ Ε Δ ձ ࣾ Ͱ ͋ Γ ଓ ͚ Δ Ξ τ ϥ Τ ε λ ϯ μʔ υ ౰ࣄऀͱͯ͠ͷ֮ࣗࣗ෼ͱΞτϥΤͷॏͳΓ৴͡ΔՁ஋΁ͷ௅ઓ ͢΂ͯͷߦಈʹތΓΛ৴པ͠৴པ͞ΕΔ 7 * 4 * 0 / ໨ࢦ͢ཧ૝ 1 ) * - 0 4 0 1 ) : ܦӦ͢Δ্Ͱେ੾ͳߟ͑ํ 7 " - 6 & ࢥߟɾߦಈͷجຊతՁ஋؍ © 2 0 1 9 At r a e , I n c . A l l r i g h t s r e s e r v e d . ҰਓҰਓ͕ΠΩΠΩͯ͠ಇ͖ଓ͚ΒΕΔঢ়ଶͰܦӦ͠ଓ͚Δ

7 © 2 0 1 9 At r a e , I n c . A l l r i g h t s r e s e r v e d . ΧΦεͳϏδωενʔϜʹ͓͚Δ ԁ׈ͳίϛϡχέʔγϣϯͱ͸

8 © 2 0 1 9 At r a e , I n c . A l l r i g h t s r e s e r v e d .

9 © 2 0 1 9 At r a e , I n c . A l l r i g h t s r e s e r v e d . #J[ %FW &OHJOFFS %FTJHOFS %BUB4DJFOUJTU 4BMFT $VTUPNFS4VDDFTT .BSLFUJOH .FEJB 8SJUFS ଟ༷ͳϩʔϧͷϝϯόʔͰߏ੒͞Ε͍ͯΔ

10 ৬छͰݟΔ͜Ε·ͰͷXFWPYνʔϜͷมભ © 2 0 1 9 At r a e , I n c . A l l r i g h t s r e s e r v e d .

11 © 2 0 1 9 At r a e , I n c . A l l r i g h t s r e s e r v e d . ʜNPSF %FW ໊ %FW 4BMFT ໊ %FW 4BMFT $4 ໊ %FW 4BMFT $4 NFEJB ໊ %FW 4BMFT $4 NFEJB ໊ %FW .BSLFUJOH 4BMFT $4 NFEJB ໊ $& %FW NFEJB ໊ αʔϏεͷ੒௕ʹ൐͏ίϛϡχέʔγϣϯύεͷ૿Ճ %FW .BSLFUJOH 4BMFT $4 NFEJB ໊ αʔϏε ϩʔϯν ݱࡏ ಋೖ਺ ˞Ҿ༻ݩɿIUUQTHFUMJHIUIPVTFDPNCMPHEFWFMPQJOHMFBEFSTUFBNHSPXTCJH ˞

12 © 2 0 1 9 At r a e , I n c . A l l r i g h t s r e s e r v e d . ϑϥοτͳ૊৫ܗଶΏ͑ ίϛϡχέʔγϣϯύε͕ΊͪΌͪ͘Όଟ͍ શϝϯόʔ͕ࣗ༝ʹ ίϛϡχέʔγϣϯΛऔΔ 4BMFT .BSLFUJOH $4 %FW %4 .FEJB νʔϜͷதͰ΋ࣗ༝ʹ ίϛϡχέʔγϣϯΛऔΔ

શϝϯόʔ͕ࣗ༝ʹ ίϛϡχέʔγϣϯΛऔΔ ϑϥοτͳ૊৫ܗଶΏ͑ ίϛϡχέʔγϣϯύε͕ΊͪΌͪ͘Όଟ͍ શϝϯόʔ͕ࣗ༝ʹ ίϛϡχέʔγϣϯΛऔΔ 4BMFT .BSLFUJOH $4 %FW %4 .FEJB νʔϜͷதͰ΋ࣗ༝ʹ ίϛϡχέʔγϣϯΛऔΔ 13 © 2 0 1 9 At r a e , I n c . A l l r i g h t s r e s e r v e d . Τϯήʔδϝϯτ͕ߴ͍·· ͍͔ʹεέʔϧ͍͔͕ͤͯ͘͞ॏཁ

શϝϯόʔ͕ࣗ༝ʹ ίϛϡχέʔγϣϯΛऔΔ ϑϥοτͳ૊৫ܗଶΏ͑ ίϛϡχέʔγϣϯύε͕ΊͪΌͪ͘Όଟ͍ શϝϯόʔ͕ࣗ༝ʹ ίϛϡχέʔγϣϯΛऔΔ 4BMFT .BSLFUJOH $4 %FW %4 .FEJB νʔϜͷதͰ΋ࣗ༝ʹ ίϛϡχέʔγϣϯΛऔΔ 14 © 2 0 1 9 At r a e , I n c . A l l r i g h t s r e s e r v e d . 4PΧΦεʂʂʂ

15 © 2 0 1 9 At r a e , I n c . A l l r i g h t s r e s e r v e d . ͲΜͲΜ໾ׂ͕ࡉ෼Խ͍ͯ͘͠ɻ ໾ׂͷཚཱԽɻ ΈΜͳΦϨΦϨͷཧ૝Λܝ͛Δɻ ཧ૝ͷཚཱԽɻ ΈΜͳ͕υϯυϯݱ৔Ͱ޻෉Λ͢Δɻ ஌ݟͷཚཱԽɻ

16 © 2 0 1 9 At r a e , I n c . A l l r i g h t s r e s e r v e d . ͲΜͲΜ໾ׂ͕ࡉ෼Խ͍ͯ͘͠ɻ ໾ׂͷཚཱԽɻ ϝϯόʔؒͷࢧԉ͕ܽ೗

17 © 2 0 1 9 At r a e , I n c . A l l r i g h t s r e s e r v e d . ڞ௨ݴޠΛ࡞Δ ˞ը૾ɿBNB[PO͔ΒҾ༻ ˞ ϑϨʔϜΛڞ༗͠ ΠϝʔδΛ߹ΘͤΔίτͰٞ࿦Λԁ׈ʹ

18 © 2 0 1 9 At r a e , I n c . A l l r i g h t s r e s e r v e d . ڞ௨ݴޠΛ࡞Δ ໾ׂͷݟ͑ΔԽʂ ˞ը૾ɿBNB[PO͔ΒҾ༻ ˞ ϑϨʔϜΛڞ༗͠ ΠϝʔδΛ߹ΘͤΔίτͰٞ࿦Λԁ׈ʹ ໾ׂΛՄࢹԽͨ͠ਤΛ࡞੒͢ΔίτͰ ࿈ܞΛͱΓ΍͘͢ ˞ը૾͸ڞ༗ͷࡍͷΠϝʔδͰ͢

19 © 2 0 1 9 At r a e , I n c . A l l r i g h t s r e s e r v e d . ࣄۀઓུ΁ͷೲಘײ ΈΜͳΦϨΦϨͷཧ૝Λܝ͛Δ ཧ૝ͷཚཱԽ

20 © 2 0 1 9 At r a e , I n c . A l l r i g h t s r e s e r v e d . ͜Ε͔ΒͷϓϩμΫτ͸ 4.#ʹدͤΔ΂͖ͩʂʂ νʔϜָ͕͘͠࢖͑Δ ػೳΛ࡞Γ͍ͨΑͶʂ ૣ͘ϨϙʔτػೳΛ ࡞Βͳ͍ͱͩΊͩʂʂ ෼ੳը໘Λ࡞ΓࠐΜͰ ͍͘͜ͱ͕ਖ਼ղͩʂ

21 © 2 0 1 9 At r a e , I n c . A l l r i g h t s r e s e r v e d . WJTPOͷ۩ମԽ WJTJPOΛΑΓৄࡉʹจݴԽ͢Δ͜ͱͰ ॏࢹ͢Δ࣠Λ໌֬ʹ

22 © 2 0 1 9 At r a e , I n c . A l l r i g h t s r e s e r v e d . WJTPOͷ۩ମԽ 0,3ͷಋೖ WJTJPOΛΑΓৄࡉʹจݴԽ͢Δ͜ͱͰ ॏࢹ͢Δ࣠Λ໌֬ʹ ໨ඪΛՄࢹԽ͠ɺڞ༗͢Δ͜ͱͰ औΓ૊Ή࣠ΛఆΊΔ ':`T20 ,3 ,3 ,3 NFNCFS NFNCFS NFNCFS ˞ը૾͸ڞ༗ͷࡍͷΠϝʔδͰ͢

23 © 2 0 1 9 At r a e , I n c . A l l r i g h t s r e s e r v e d . ΈΜͳ͕υϯυϯݱ৔Ͱ޻෉Λ͢Δ ஌ݟͷཚཱԽ ୡ੒ײͷείΞ

24 © 2 0 1 9 At r a e , I n c . A l l r i g h t s r e s e r v e d . XFWPY্ͰΤϯήʔδϝϯτΛ্͛Δվળ߲໨ͱͯ͠΋ग़ͯ͘Δ࢝຤

25 © 2 0 1 9 At r a e , I n c . A l l r i g h t s r e s e r v e d . ίϛϡχέʔγϣϯͷ࠶ઃܭ ఆظతͳνʔϜͰͷৼΓฦΓ ಺ল΍ϑΟʔυόοΫͷֻ͚߹͍͕ى͖΍͍͢ঢ়گΛੜΈɺୡ੒ײΛײ͡ΔػձΛ૿΍͢

26 © 2 0 1 9 At r a e , I n c . A l l r i g h t s r e s e r v e d . ݱࡏͷ૯߹తͳΤϯήʔδϝϯτͷঢ়گ͸ʜ

27 © 2 0 1 9 At r a e , I n c . A l l r i g h t s r e s e r v e d . ·ͨԼ͕Γ࢝ΊΔͷ͔ɾɾɾɾ ࣍ͷϑΣʔζ͸ ͲΜͳ՝୊͕ग़ͯ͘Δͷ͔

28 © 2 0 1 9 At r a e , I n c . A l l r i g h t s r e s e r v e d . શͯʹ͓͍ͯɹɹɹɹɹɹ͸ଘࡏ͠ͳ͍͕ Λߟ͑ɺৗʹखΛଧͪଓ͚Δ͜ͱ͕େࣄ ਖ਼͍͠)PX ɾࠓԿ͕՝୊ͳͷ͔ ɾͲ͏͍͏ίϛϡχέʔγϣϯ͕ඞཁͳͷ͔

29 σβΠφʔͱͯ͠ͷίϥϘͱ͸ʁ © 2 0 1 9 At r a e , I n c . A l l r i g h t s r e s e r v e d .

30 © 2 0 1 9 At r a e , I n c . A l l r i g h t s r e s e r v e d . #J[ %FW &OHJOFFS %FTJHOFS %BUB4DJFOUJTU 4BMFT $VTUPNFS4VDDFTT .BSLFUJOH .FEJB 8SJUFS

.FEJB 8SJUFS #J[ %FW &OHJOFFS %FTJHOFS %BUB4DJFOUJTU 4BMFT $VTUPNFS4VDDFTT .BSLFUJOH 31 © 2 0 1 9 At r a e , I n c . A l l r i g h t s r e s e r v e d . ίϥϘ͢Δ৬छ͕ଟذʹ౉Δ

32 © 2 0 1 9 At r a e , I n c . A l l r i g h t s r e s e r v e d . #J[ %FW &OHJOFFS %FTJHOFS %BUB4DJFOUJTU 4BMFT $VTUPNFS4VDDFTT .BSLFUJOH ᷈YYYY dddddd BBBBBB ͋͋͋͋ .FEJB 8SJUFS ςΩετ

#J[ %FW dddddd .FEJB 8SJUFS ςΩετ &OHJOFFS %FTJHOFS %BUB4DJFOUJTU 4BMFT $VTUPNFS4VDDFTT .BSLFUJOH ᷈YYYY BBBBBB ͋͋͋͋ ೔ࠒ࢖͏ڞ௨ݴޠ΍ݟ͍ͯΔࢹ఺͸ গ͠ҧ͏ʜ 33 © 2 0 1 9 At r a e , I n c . A l l r i g h t s r e s e r v e d .

34 © 2 0 1 9 At r a e , I n c . A l l r i g h t s r e s e r v e d .

35 ର࿩͔Βੜ·ΕΔίϥϘϨʔγϣϯ © 2 0 1 9 At r a e , I n c . A l l r i g h t s r e s e r v e d .

36 ର࿩͔Βੜ·ΕΔίϥϘϨʔγϣϯ © 2 0 1 9 At r a e , I n c . A l l r i g h t s r e s e r v e d . ͦΕͧΕͷνʔϜ͕ ͲΜͳ໨ඪΛ௥͍ͬͯΔͷ͔ ͳΜͨΊʹ ΍Ζ͏ͱ͍ͯ͠Δ͜ͱͳͷ͔ ݸʑਓͷͲΜͳՁ஋؍͔Β ൃͤΒΕ͍ͯΔݴ༿ͳͷ͔ ݸʑਓͷͲΜͳࢤ޲ੑ͔Β ൃͤΒΕ͍ͯΔݴ༿ͳͷ͔

37 © 2 0 1 9 At r a e , I n c . A l l r i g h t s r e s e r v e d . ίτ΁޲ͨ͘Ίʹ͓ޓ͍Λ஌Δ

38 © 2 0 1 9 At r a e , I n c . A l l r i g h t s r e s e r v e d . νʔϜͷՁ஋؍Λ୳Δ XFWPYWBMVFTDBSEͷ εεϝ

νʔϜྗΛݺͼى͜͢ ૊৫վળϓϥοτϑΥʔϜ αʔϕΠʹΑͬͯɺ૊৫ঢ়گ Λ೺Ѳɻ໰୊఺ΛՄࢹԽ͢Δ ͜ͱͰੜ࢈ੑͷ޲্ͱୀ৬๷ ࢭ΁ɻ૊৫վળΛ௨ͯ͡ΑΓ ྑ͍࿑ಇ؀ڥͱνʔϜϫʔΫ ৢ੒Λैۀһ΁ఏڙɻ ೔ຊͷاۀʹνʔϜྗΛ 39 © 2 0 1 9 At r a e , I n c . A l l r i g h t s r e s e r v e d . νʔϜঢ়گΛՄࢹԽ͠ ଧͪख͕ଧͪ΍͍͢ঢ়گΛͭ͘Δ

40 © 2 0 1 9 At r a e , I n c . A l l r i g h t s r e s e r v e d . ޓ ͍ ͷ ϑ Υ ϩ ʔ ͕ ͳ ͍ ɺ ৘ ใ ڞ ༗ ͠ ͯ ΋ ແ ؔ ৺ ɻ ௜ ໧ ͕ Ή ͠ Ζ ৺ ஍ ྑ ͍ ɺ ਓ ͕ ू · ͬ ͨ ͩ ͚ ͷ ू ஂ ɻ ν ʔ Ϝ ͷ ྗ ʹ ؾ ͮ ͘ ऀ ͸ · ͩ ͍ ͳ ͍ ɻ Կ ͕ ͠ ͨ ͍ ͷ ʁ Կ ͕ େ ࣄ ͳ ͷ ʁ ؾ ʹ ͳ Δ ϝ ϯ ό ʔ ͕ ૿ ͑ ͯ ͍ ͘ ɻ · ͩ ޓ ͍ ʹ ϑ Υ ϩ ʔ ͸ ͠ ͳ ͍ ͕ ɺ ͢ Ͱ ʹ ν ʔ Ϝ ͕ ໨ ֮ Ί Δ ༧ ײ ͸ ͠ ࢝ Ί ͯ ͍ Δ ɻ ݙ ਎ త ͳ ϝ ϯ ό ʔ ͸ ν ʔ Ϝ ͷ ྗ Λ ݺ ͼ ى ͜ ͢ ͱ ͯ ΋ େ ࣄ ͳ ࠷ ॳ ͷ ͖ ͬ ͔ ͚ ɻ ͨ ͩ ͠ ɺ ϋ ϒ ʹ ͳ Δ ϝ ϯ ό ʔ ͕ ͍ ͳ ͍ ͱ ΋ ͷ ͝ ͱ ͸ ͳ ͔ ͳ ͔ લ ʹ ਐ · ͳ ͍ ɻ ࣍ ୈ ʹ ɺ ͦ Ε ͧ Ε ͷ ϝ ϯ ό ʔ ͕ ࣗ ൃ త ʹ ν ʔ Ϝ ʹ ؔ Θ Γ ग़ ͢ ɻ ྠ ʹ ೖ Β ͳ ͍ ϝ ϯ ό ʔ ͱ ͷ ি ಥ ΋ ૿ ͑ Δ ͕ ɺ ର ࿩ Λ ৗ ʹ ๨ Ε ͣ ʹ ɻ ͦ Ε ͸ ɺ ν ʔ Ϝ ֮ ੧ ࠷ ޙ ͷ ൶ ɻ ʮ Θ ͨ ͠ ͨ ͪ ͸ ɺ ν ʔ Ϝ ͩ ʂ ʯ શ һ ͕ ಉ ͡ ໨ ඪ Λ ௥ ͍ ͔ ͚ Ұ க ஂ ݁ ͠ ͯ ͍ Δ ɻ ͜ ͷ ν ʔ Ϝ Ͱ ੒ ͠ ਱ ͛ Δ ί τ ͕ ɺ ࢲ ͨ ͪ ʹ ͸ ͋ Δ Μ ͩ ɻ

41 © 2 0 1 9 At r a e , I n c . A l l r i g h t s r e s e r v e d . ҒେͳϓϩμΫτ͸ ҒେͳνʔϜ͔Βੜ·ΕΔ (PPEQBUDI͞Μ͢Έ·ͤΜ໊ݴ͓आΓ͠·ͨ͠স

42 © 2 0 1 9 At r a e , I n c . A l l r i g h t s r e s e r v e d . ͝ਗ਼ௌ͋Γ͕ͱ͏͍͟͝·ͨ͠