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!IBTTBLV@ 4FSWFSMFTT'SBNFXPSLϢʔβʔ͕ "84$%,ʹҾͬӽͯ͠͠ײͨ͡ ϋʔυϧʹ͍ͭͯݴޠԽͯ͠ΈΔ "84$%,$POGFSFODF+BQBO

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"HFOEB ͸͡Ίʹ $%,ͭ·͖ͣϙΠϯτ ॴײ

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͸͡Ίʹ

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͜ͷൃදʹ͍ͭͯ w 4FSWFSMFTT'SBNFXPSL Ҏ߱ TMTͱදه 1ZUIPOར༻ऀ͔Βݟͨ"84$%, w $%,৮ͬͯΈͨษڧͯ͠Έͨײ૝ w 5ZQF4DSJQU͸ଟগ w ൃදऀࣗ਎͕ʢ΄΅ʣ$%,ϏΪφʔͰ͋Δ w ͜͜Ͱఏࣔ͢Δ৘ใ΍ݟղ͕ʮਖ਼ղʯͱ͸ݴ͑ͳ͍ʢൃදऀͷझຯᅂ޷ɺภݟ΋ଟʑʣ w དྷ৔͍ͯ͠Δ$%,ϕςϥϯͷݟղ΋࢕ͬͯΈ͍ͨ

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IBTTBLV5BLVZB)BTIJNPUP $PSQPSBUF4&BU4FSWFSXPSLT w ओͳ׆ಈ w ٕज़ॻయʮ࣮ફ"84$%,ʯʢڞஶʣ w "84%FW%BZ w FUD TFF(JU)VCQSP fi MF w 'BWPSJUF w 4FSWFSMFTT w 4UFQ'VODUJPOT 4QFBLFS 5XJUUFS!IBTTBLV@ 
 (JU)VCIBTTBLV

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IBTTBLV5BLVZB)BTIJNPUP $PSQPSBUF4&BU4FSWFSXPSLT w ओͳ׆ಈ w ٕज़ॻయʮ࣮ફ"84$%,ʯʢڞஶʣ w "84%FW%BZ w FUD TFF(JU)VCQSP fi MF w 'BWPSJUF w 4FSWFSMFTT w 4UFQ'VODUJPOT 4QFBLFS 5XJUUFS!IBTTBLV@ 
 (JU)VCIBTTBLV

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ࠓ೔ѻ͏αʔϏε "844UFQ'VODUJPOT "84-BNCEB ࢲ͕ීஈΑ͘৮͍ͬͯΔαʔϏεͷ*B$࣮૷͕ओͳσϓϩΠର৅

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ࠓ೔ͷ࿦఺ w TMTͱ$%,Ͱ࢖͍উख͕ҟͳΔཁૉ w -BNCEBͷσϓϩΠํ๏ w ʮεςʔδʯ w 4UFQ'VODUJPOT w DPOUFYU DELKTPO ͷѻ͍ w ࣗ෼ͷ୲౰ൣғͩͱTMT͕ศརʹײ͡Δ৔߹͕ଟ͍ɺͱ͍͏࿩

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ࠓ೔ͷ࿦఺ w TMTͱ$%,Ͱ࢖͍উख͕ҟͳΔཁૉ w -BNCEBͷσϓϩΠํ๏ w ʮεςʔδʯ w 4UFQ'VODUJPOT w DPOUFYU DELKTPO ͷѻ͍ w ࣗ෼ͷ୲౰ൣғͩͱTMT͕ศརʹײ͡Δ৔߹͕ଟ͍ɺͱ͍͏࿩ ࠓ೔ͷτʔΫ ʢߦ͚Δͱ͜Ζ·Ͱʣ

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$%,ͭ·͖ͣϙΠϯτ

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લஔ͖TMTͷ࢖͍ํʹ͍ͭͯ ϓϩδΣΫτߏ੒ VTFQZUIPOMBNCEBSVOUJNF ʜϋϯυϥ΍ϩδοΫͷஔ͖৔ॴ ʜ*B$ςϯϓϨʔτ

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લஔ͖TMTͷ࢖͍ํʹ͍ͭͯ σϓϩΠ OQYTMTQBDLBHFa ŠTUBHFEFWa ŠSFHJPOBQOPSUIFBTU OQYTMTEFQMPZa ŠTUBHFEFWa ŠSFHJPOBQOPSUIFBTU QBDLBHF DELTZOUIʹ૬౰ EFQMPZ DELEFQMPZʹ૬౰ TFSWFSMFTTҎԼʹ੒Ռ෺Λੜ੒ ˞$%,ͷlDELPVUlͱ΄΅ಉ͡

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-BNCEBͷσϓϩΠํ๏ ϓϥάΠϯར༻͕લఏͱͳΔ͕ɺॳֶऀతʹ͸TMTͷํ͕ߟ͑Δ͜ͱ͕গͳ͍ w ॳֶऀ͸ύεབྷΈͷ໰୊Ͱ٧·Δ͜ͱ͕ଟ͍ʢൃදऀͷ؍ଌൣғ಺ʣ w 1ZUIPOͰ͸࣮ߦ࣌ͷl*NQPSU&SSPSzྫ֎ͱͯ͠දग़ w ʮύεʯΛҙࣝ͠ͳ͍ͰࡁΉ࡞Γʹͳ͍ͬͯΔํ͕қ͍͠ w $%,ͳΒɺlFOUSZz΍"TTFU0QUJPOͷlCVJMEJOHDPNNBOEzʹهड़͢ΔύεΛͲ͏͢Δ͔ʁ w -BNCEBʹؔͯ͠͸ɺʢ$%,ͷํ͕ʣຊ࣭తͳؔ৺Ͱ͋ΔϩδοΫlҎ֎zͷߟྀม਺͕ଟ͍ҹ৅ w ͱ͸͍͑ɺ͍ͣΕཧղ͠ͳ͚Ε͹ͳΒͳ͍࿩

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-BNCEBͷσϓϩΠํ๏ ϓϥάΠϯར༻͕લఏͱͳΔ͕ɺॳֶऀతʹ͸TMTͷํ͕ߟ͑Δ͜ͱ͕গͳ͍ ˞ ࣮ࡍʹ͸Ξοϓϩʔυ͸σϓϩΠ·Ͱ࣮ߦ͠ͳ͍ 
 #VDLFU ,FZΛ֬ఆ͠$MPVE'PSNBUJPOελοΫ΁ͷม׵࣌ʹϦιʔε໊ͷຒΊࠐΈΛߦ͏ͱ͜Ζ·Ͱ [JQσϓϩΠͳ-BNCEBϋϯυϥͷ࣮૷ྫΛோΊͯΈΔ w σϓϩΠલͷ޻ఔ CVJMEQBDLBHJOH w ґଘؔ܎ͷμ΢ϯϩʔυ w [JQόϯυϧͷ࡞੒ w T΁ͷΞοϓϩʔυʢ˞ʣ w σϓϩΠ؀ڥͱ*%&্૒ํͰϞδϡʔϧݕࡧύεΛ௨͍ͨ͠ TMT $%,ͷͲͪΒͰ΋ʮ͍͍ײ͡ʯʹͰ͖Δ ͨͩ͠$%,Ͱָ͢ΔͳΒBMQIB൛ύοέʔδ͕ඞཁ l!BXTDELBXTMBNCEBQZUIPOBMQIBz ΋͘͠͸ϓϨʔϯͳ-BNCEB'VODUJPOͱ"TTFU ։ൃ͠΍͢͞ͷ౎߹ ϓϩδΣΫτϧʔτ͕Ϟδϡʔϧݕࡧύεʹ ؚ·Εͳ͍৔߹͸։ൃ؀ڥͷηοτΞοϓ͕૿͑Δ FH *%&ͷ؀ڥม਺ʹݕࡧύεΛ௥Ճ

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ʮεςʔδʯ lEFWz΍lQSPEzͳͲɺσϓϩΠ؀ڥΛࢦ֓͢೦Λ*B$ͰͲ͏ѻ͏͔ʁ

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TMTEFQMPZTEFW 4FSWFSMFTT'SBNFXPSL

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TMTEFQMPZTEFW lTUBHFz͝ͱʹผʑͷ4UBDLΛ࡞੒ 4FSWFSMFTT'SBNFXPSL

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"84$%, ʮ͜͏͢Ε͹0,ʯͱ͍͏ڞ௨ݟղ͸ͳͦ͞͏ʁ

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"84$%, ʮ͜͏͢Ε͹0,ʯͱ͍͏ڞ௨ݟղ͸ͳͦ͞͏ʁ $POUFYU w DPOUFYUKTPOʹσϓϩΠઌͷ؀ڥ৘ใΛهड़ w CJOҎԼͷΤϯτϦʔϩδοΫͰύʔε 4UBHFΫϥε Ұ൪Πϝʔδʹۙͦ͏ʢQJQFMJOFTͷΠϝʔδ͕ڧ͍ʣ &YBNQMF IUUQTEPDTBXTBNB[PODPNDELBQJWEPDTBXTDELMJC4UBHFIUNMFOW 🤔

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"84$%, DELKTPO $POUFYU 4UBHFΫϥε &YBNQMF IUUQTEPDTBXTBNB[PODPNDELBQJWEPDTBXTDELMJC4UBHFIUNMFOW

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4UFQ'VODUJPOT ϝιουνΣʔϯʹΑΔ"4-࣮૷ɺ*OQVU0VUQVUʹؔ͢Δ࢓༷ ͜ΕΒͷந৅Խ͕Θ͔ΓͮΒ͔ͬͨ

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4UFQ'VODUJPOT TBNQMF

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4UFQ'VODUJPOT TBNQMF EF fi OJUJPOશମ

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4UFQ'VODUJPOT TBNQMF OFYU Λ࢖ͬͨϝιουνΣʔϯه๏Ͱ εςʔτͷ࣮ߦॱংΛఆٛ

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4UFQ'VODUJPOT TBNQMF εςʔτϚγϯΛߏ੒͢Δ ݸʑͷεςʔτͷఆٛ

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4UFQ'VODUJPOT TBNQMF -BNCEB࣮ߦͷλεΫ

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4UFQ'VODUJPOT TBNQMF .BQεςʔτͱɺ .BQͷதʹ͋Δ-BNCEBλεΫͷఆٛ

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4UFQ'VODUJPOT TBNQMF OFYU Λ࢖ͬͨϝιουνΣʔϯه๏ Θ͔Γ΍͍͢ɾɾɾͷ͔ʁ

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4UFQ'VODUJPOT ݸਓతʹ͸ w ࢹ఺ͷ্ԼҠಈ͕ଟͯ͘ಡΉͷ͕͠ΜͲ͍ w ʮܕ෇͖ͷ΄΅ϓϨʔϯͳ"4-ʯతͳ࢓༷Ͱ͋Δํ͕͋Γ͕͍ͨͱײͨ͡ w -BNCEBλεΫͷఆ͕ٛσϑΥϧτͰʮαʔϏε౷߹ʯํࣜʹͳ͍ͬͯΔ w ৄ͘͠͸<"84$%,>4UFQ'VODUJPOTͷ-BNCEBλεΫΛಉظݺͼग़͢͠Δ৔߹ͷ"4-ͷॻ͖ํʹ͍ͭ ͯ঺հɾൺֱ͢Δ ˞ w αʔϏε౷߹ํࣜͰͳ͍΍Γํ͸lQBZMPBE3FTQPOTF0OMZzUSVFΛར༻ɻͪ͜Βͷํ͕"4-͕؆ܿ w αʔϏε౷߹ํࣜͰͳ͍-BNCEBλεΫͷॻ͖ํ͕lQBZMPBE3FTQPOTF0OMZzUSVFͰ͋Δ͜ͱ͸ 
 ·ͣॳݟͰΘ͔Βͳ͍ ˞ʜIUUQT[FOOEFWIBTTBLVBSUJDMFTBF ff GFCGFFG

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ॴײ

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ॴײ ໨తʹ߹க͢ΔΫϥε΍ϝιουͷଘࡏʹͨͲΓண͘ͷ͕େม w $%,ʹݶΒͣͳ࿩Ͱ͸͋Δ w +BWBͷखश͍ͨ͠ͱ͖ͷײ֮ͱಉͩͬͨ͡ w ΍Γ͍ͨ͜ͱʹରͯ͠ొ৔ਓ෺ DMBTT ͕ଟ͘ͳ͍ʜ తͳ w ܦݧ͋Διϑτ΢ΣΞΤϯδχΞͷօ͞·͸Ͳ͏ͯ͠ΔΜͰ͠ΐ͏Ͷʜʁʢ͝ҙݟٻΉʣ w ެࣜϦϑΝϨϯε͸௒༏ल w ͱʹ͔͘·ͣϦϑΝϨϯεͷ&YBNQMFΛݟΔ w TZOUIͷ࣮ߦ݁ՌΛݟͳ͕Βࢼߦࡨޡ

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ॴײ ໨తʹ߹க͢ΔΫϥε΍ϝιουͷଘࡏʹͨͲΓண͘ͷ͕େม w "84%PDT GPS$%,W ͷl$PODFQUTz ˞ ΋༗༻ w গ͠׳Ε͖ͯͨΒ"QQT 4UBDLT &OWJSPONFOUT $POUFYU͋ͨΓΛಡΜͰΈΔͱྑͦ͞͏ w πʔϧͷઃܭࢥ૝ʹ৮ΕΔ͜ͱͰʮΒ͍͠ʯ࢖͍ํͷૉཆΛ෇͚Δ w$IBU(15ʹαϯϓϧ࣮૷Λฉ͍ͯΈΔ w ࣮ࡏ͢Δ࢓༷ʹجͮ͘ճ౴͸جຊग़ͯ͜ͳ͍΋ͷͱࢥͬͯ෇͖߹͏ w ʮͦΕͬΆ͍ʯαϯϓϧ͸ग़ྗͰ͖ΔͷͰɺͦΕΛݕࡧͷऔֻ͔ͬΓʹ ˞ʜIUUQTEPDTBXTBNB[PODPNDELWHVJEFDPSF@DPODFQUTIUNM

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ॴײ ࠓ೔ͷ͍͍ͩͨͷ࿩ͬͯʮ׳Εʯͱʮ޷ΈʯͰ͸ʁ w ࣮ࡍͦΜͳؾ΋͍ͯ͠Δ w ଞπʔϧ TMT ͷ஌͕ࣝ $%, शಘ࣌ͷઌೖ؍ʹͳ͍ͬͯͨ w ద౓ͳ6OMFBSOJOHͷҙࣝ΋େࣄ w πʔϧ͕ҧ͑͹ઃܭࢥ૝΋ҟͳΔɺࢥ૝͕มΘΕ͹ਪ঑࡞๏΋มΘΔ

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ॴײ 044ͳΜ͔ͩΒʜ w ͸͍ w ͳΜ͔͠Βߩݙ͍ͨ͠ؾ࣋ͪ͸͋Δ w ձࣾͰ$%,ͷιʔεಡΉձ΍ͬͯΈͨΓ͍ͯ͠Δ

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༨ஊ $%,ʹ৐Γ׵͍͑ͨϞνϕͱ͔ɺ͖͔͚ͬͷิ଍ w ܕఆٛͱ*%&ͷࢧԉ͕ड͚ΒΕΔ*B$ͷੈք؍ w ຊମ΍#-&"౳ͷपล΋ؚΊͨ$%,ք۾ͷ੎͍ w 4FSWFSMFTT'SBNFXPSLͩͱۤ͘͠ͳΔࣄྫ͕ग़͖ͯͨ w *B$ଆͷґଘؔ܎ߋ৽͢ΔࡍͷσάϨݕূͰָ͍ͨ͠ 4OBQTIPUUFTUJOH w ϦϑΝϨϯεͷॆ࣮౓߹͍͕ҧ͏ w ͲͷΈͪ*B$ઐ༻ͷґଘؔ܎ΛೖΕΔͷͳΒ$%,ͷํ͕Α͘ͳ͍ʁͱࢥͬͨ w σϓϩΠपลͷݖݶઃܭࢥ૝͕लҳ w ࢀߟ BXTBXTDEL4FDVSJUZ"OE4BGFUZ%FW(VJEF w ࢀߟ *4*%5FDI#MPH$%,4FDVSJUZ"OE4BGFUZ%FW(VJEFΛಡΜͰΈͨ