{"id":1284,"date":"2019-07-17T21:45:00","date_gmt":"2019-07-17T12:45:00","guid":{"rendered":"https:\/\/yutan-investment.com\/?p=1284"},"modified":"2022-03-19T16:52:06","modified_gmt":"2022-03-19T07:52:06","slug":"bti","status":"publish","type":"post","link":"https:\/\/yutan-investment.com\/?p=1284","title":{"rendered":"\u3010BTI\u3011\uff08\u30d6\u30ea\u30c6\u30a3\u30c3\u30b7\u30e5\u30fb\u30a2\u30e1\u30ea\u30ab\u30f3\u30fb\u30bf\u30d0\u30b3\uff09\uff5e\u9ad8\u914d\u5f53\u304c\u9b45\u529b\u7684\u306a\u4e16\u754c\u6709\u6570\u306e\u30b0\u30ed\u30fc\u30d0\u30eb\u305f\u3070\u3053\u30e1\u30fc\u30ab\u30fc\uff01\uff5e"},"content":{"rendered":"\n<p class=\"is-style-icon_announce\">\u3010\u66f4\u65b0\u60c5\u5831\u3011\uff082022\/3\/19\uff09<br>2021\u5e74\u306e\u696d\u7e3e\u3092\u53cd\u6620\u3002\u30ed\u30b7\u30a2\u306e\u30a6\u30af\u30e9\u30a4\u30ca\u4fb5\u653b\u306b\u3088\u308b\u5f71\u97ff\u3082\u8ffd\u8a18\u3057\u307e\u3057\u305f\u266a<\/p>\n\n\n\n<p>\u3086\u30fc\u305f\u3093\u3067\u3059\u266a<\/p>\n\n\n\n<p>\u4e16\u754c\u6709\u6570\u306e\u30b0\u30ed\u30fc\u30d0\u30eb\u305f\u3070\u3053\u30e1\u30fc\u30ab\u30fc\u3001\u30d6\u30ea\u30c6\u30a3\u30c3\u30b7\u30e5\u30fb\u30a2\u30e1\u30ea\u30ab\u30f3\u30fb\u30bf\u30d0\u30b3\u306e\u9298\u67c4\u5206\u6790\u3067\u3059&#x2728;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>\u30d6\u30ea\u30c6\u30a3\u30c3\u30b7\u30e5\u30fb\u30a2\u30e1\u30ea\u30ab\u30f3\u30fb\u30bf\u30d0\u30b3<\/strong>\u3063\u3066\u3069\u3093\u306a\u4f1a\u793e\uff1f<\/h2>\n\n\n\n<p><span class=\"swl-marker mark_yellow\"><strong>\u30d6\u30ea\u30c6\u30a3\u30c3\u30b7\u30e5\u30fb\u30a2\u30e1\u30ea\u30ab\u30f3\u30fb\u30bf\u30d0\u30b3<\/strong>\uff08<strong>British American Tobacco<\/strong>\u3001\u30c6\u30a3\u30c3\u30ab\u30fc\uff1a<strong>BTI<\/strong>\uff09\u306f\u3001\u30a4\u30ae\u30ea\u30b9\u306e\u30ed\u30f3\u30c9\u30f3\u306b\u672c\u793e\u3092\u7f6e\u304d\u3001<strong>\u305f\u3070\u3053\u4e8b\u696d<\/strong>\u3092\u5c55\u958b\u3059\u308b\u4f01\u696d\u3067\u3059\u3002<\/span><\/p>\n\n\n\n<p>Kent\uff08\u30b1\u30f3\u30c8\uff09\u3084Lucky Strike\uff08\u30e9\u30c3\u30ad\u30fc\u30b9\u30c8\u30e9\u30a4\u30af\uff09\u3001KOOL\uff08\u30af\u30fc\u30eb\uff09\u3001\u96fb\u5b50\u305f\u3070\u3053\u306eVuse\uff08\u30d3\u30e5\u30fc\u30ba\uff09\u3001\u52a0\u71b1\u5f0f\u305f\u3070\u3053\u306eglo\uff08\u30b0\u30ed\u30fc\uff09\u306a\u3069\u306e\u30d6\u30e9\u30f3\u30c9\u3067\u77e5\u3089\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u53ce\u76ca\u306f\u7d04256.8\u5104\u30dd\u30f3\u30c9\u30c9\u30eb\uff082021\u5e74\uff09\u3067\u3001\u65e5\u672c\u5186\u306b\u63db\u7b97\u3059\u308b\u3068\u7d043.9\u5146\u5186\u306b\u306a\u308a\u307e\u3059\u3002\u56fd\u5185\u306e\u305f\u3070\u3053\u30e1\u30fc\u30ab\u30fc\u3001JT\uff08\u65e5\u672c\u305f\u3070\u3053\u7523\u696d\uff09\u306e\u53ce\u76ca\u306f\u7d042.3\u5146\u5186\uff082020\u5e74\u5ea6\uff09\u306a\u306e\u3067\u3001JT\u306e\u7d041.7\u500d\u306e\u898f\u6a21\u306b\u306a\u308a\u307e\u3059\u306d\u266a<\/p>\n\n\n\n<p>2017\u5e74\u306b\u30a2\u30e1\u30ea\u30ab\u306e\u305f\u3070\u3053\u30e1\u30fc\u30ab\u30fc\u3067\u3042\u308b\u30ec\u30a4\u30ce\u30eb\u30ba\u30fb\u30a2\u30e1\u30ea\u30ab\u30f3\u3092\u8cb7\u53ce\u3057\u305f\u3053\u3068\u3067\u3001\u4e16\u754c\u6700\u5927\u306e\u30b0\u30ed\u30fc\u30d0\u30eb\u305f\u3070\u3053\u30e1\u30fc\u30ab\u30fc\u3067\u3042\u308b<a href=\"https:\/\/yutan-investment.com\/?p=2294\" target=\"_blank\" rel=\"noopener\">\u30d5\u30a3\u30ea\u30c3\u30d7\u30fb\u30e2\u30ea\u30b9<\/a>\uff08Philip Morris International Inc. \u30c6\u30a3\u30c3\u30ab\u30fc\uff1aPM\uff09\u3068\u307b\u307c\u80a9\u3092\u4e26\u3079\u308b\u307e\u3067\u306b\u306a\u308a\u307e\u3057\u305f\u30022021\u5e74\u306e\u53ce\u76ca\u9ad8\u3067\u307f\u308c\u3070\u3001\u30d5\u30a3\u30ea\u30c3\u30d7\u30fb\u30e2\u30ea\u30b9\u3092\u4e0a\u56de\u308a\u3001\u30b0\u30ed\u30fc\u30d0\u30eb\u305f\u3070\u3053\u30e1\u30fc\u30ab\u30fc\u3068\u3057\u3066\u306f\u6700\u5927\u306e\u53ce\u76ca\u9ad8\u3092\u8a87\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p><span class=\"swl-marker mark_yellow\">\u306a\u304a\u3001\u300c\u30b0\u30ed\u30fc\u30d0\u30eb\u300d\u3068\u3057\u305f\u306e\u306f\u3001\u55ab\u7159\u8005\u304c3\u5104\u4eba\u304a\u308a\u3001\u4e16\u754c\u306e\u305f\u3070\u3053\u6d88\u8cbb\u91cf\u306e\u7d044\u5272\u3092\u5360\u3081\u308b\u4e2d\u56fd\u3067\u306f\u3001<strong>\u4e2d\u56fd\u7159\u8349\u7dcf\u516c\u53f8\u304c\u5e02\u5834\u3092\u72ec\u5360\u3057\u3066\u3044\u308b\u305f\u3081<\/strong>\u3067\u3059\u3002<\/span>\u6d77\u5916\u306e\u30b7\u30a7\u30a2\u306f\u308f\u305a\u304b\u3067\u3059\u304c\u3001\u56fd\u5185\u5e02\u5834\u304c\u5de8\u5927\u3067\u3042\u308b\u305f\u3081\u3001\u751f\u7523\u91cf\u30fb\u58f2\u308a\u4e0a\u3052\u3068\u3082\u306b\u4ed6\u793e\u3092\u5727\u5012\u3057\u3066\u3044\u307e\u3059\u3002\u5e02\u5834\u30b7\u30a7\u30a2\u306f44\uff05\uff082019\u5e74\u3001Statista)\u3067\u30012\u4f4d\u306e\u30d5\u30a3\u30ea\u30c3\u30d7\u30fb\u30e2\u30ea\u30b9\u306e\u7d043\u500d\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u4e2d\u56fd\u3092\u9664\u5916\u3057\u3066\u8003\u3048\u308b\u3068\u3001JT\u3092\u542b\u3081\u305f3\u793e\u30676\u5272\u5f37\u306e\u30b7\u30a7\u30a2\u3092\u5360\u3081\u3066\u3044\u3066\u3001\u5c11\u6570\u306e\u4f01\u696d\u304c\u5e02\u5834\u3092\u5360\u6709\u3059\u308b\u5be1\u5360\u5e02\u5834\u306b\u306a\u3063\u3066\u3044\u308b\u3053\u3068\u304c\u308f\u304b\u308a\u307e\u3059\u306d\u3002<\/p>\n\n\n<div class=\"swell-block-postLink\">\t\t\t<div class=\"p-blogCard -external\" data-type=\"type3\" data-onclick=\"clickLink\">\n\t\t\t\t<div class=\"p-blogCard__inner\">\n\t\t\t\t\t<span class=\"p-blogCard__caption\">Statista<\/span>\n\t\t\t\t\t<div class=\"p-blogCard__thumb c-postThumb\"><figure class=\"c-postThumb__figure\"><img decoding=\"async\" src=\"https:\/\/cdn.statcdn.com\/Statistic\/275000\/279873-blank-355.png\" alt=\"\" class=\"c-postThumb__img u-obf-cover\" width=\"320\" height=\"180\"><\/figure><\/div>\t\t\t\t\t<div class=\"p-blogCard__body\">\n\t\t\t\t\t\t<a class=\"p-blogCard__title\" href=\"https:\/\/www.statista.com\/statistics\/279873\/global-cigarette-market-share-by-group\/\" target=\"_blank\" rel=\"noopener noreferrer\">Global cigarette market share by company 2019| Statista<\/a>\n\t\t\t\t\t\t<span class=\"p-blogCard__excerpt\">The China National Tobacco Corporation (CNTC) controls ** percent of the global cigarette market, making it the biggest cigarette company worldwide.<\/span>\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\n\n<div class=\"article_ads\"><script async=\"\" src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script><br><ins class=\"adsbygoogle\" style=\"display: block; text-align: center;\" data-ad-layout=\"in-article\" data-ad-format=\"fluid\" data-ad-client=\"ca-pub-2389148065955301\" data-ad-slot=\"4406162686\"><\/ins><br><script><br \/>\n     (adsbygoogle = window.adsbygoogle || []).push({});<br \/>\n<\/script><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">\u30d6\u30ea\u30c6\u30a3\u30c3\u30b7\u30e5\u30fb\u30a2\u30e1\u30ea\u30ab\u30f3\u30fb\u30bf\u30d0\u30b3\uff08BTI\uff09\u306e\u696d\u7e3e<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">\u53ce\u76ca\u3001\u55b6\u696d\u5229\u76ca\u3001\u7d14\u5229\u76ca<\/h3>\n\n\n<div class=\"wp-block-image is-style-photo_frame\">\n<figure class=\"aligncenter\"><img decoding=\"async\" width=\"543\" height=\"358\" src=\"https:\/\/yutan-investment.com\/wp-content\/uploads\/2022\/03\/BTI-Revenue-2008-21.png\" alt=\"BTI Revenue 2008-21\" class=\"wp-image-7023\" srcset=\"https:\/\/yutan-investment.com\/wp-content\/uploads\/2022\/03\/BTI-Revenue-2008-21.png 543w, https:\/\/yutan-investment.com\/wp-content\/uploads\/2022\/03\/BTI-Revenue-2008-21-300x198.png 300w\" sizes=\"(max-width: 543px) 100vw, 543px\" \/><figcaption class=\"wp-element-caption\">\u30b0\u30e9\u30d5\u306fIR\u30c7\u30fc\u30bf\u3088\u308a\u4f5c\u6210\u3002\u30c7\u30fc\u30bf\u306f\u30dd\u30f3\u30c9\u30c9\u30eb\u30d9\u30fc\u30b9\uff08\u4ee5\u4e0b\u540c\u3058\uff09<\/figcaption><\/figure>\n<\/div>\n\n\n<p>2017\u5e74\u306b\u30ec\u30a4\u30ce\u30eb\u30ba\u30fb\u30a2\u30e1\u30ea\u30ab\u30f3\u3092\u8cb7\u53ce\u3057\u305f\u3053\u3068\u3067\u53ce\u76ca\u304c\u4f38\u3073\u3066\u3044\u307e\u3059\u304c\u3001\u76f4\u8fd13\u5e74\u9593\u306f\u6a2a\u3070\u3044\u3067\u63a8\u79fb\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u55b6\u696d\u5229\u76ca\u7387\u306f<span class=\"swl-marker mark_blue\"><span class=\"swl-inline-color has-swl-deep-02-color\"><strong>30\uff05\u8d85\u3048\u306e\u9ad8\u6c34\u6e96<\/strong><\/span><\/span>\u3067\u3059\u3002\u305f\u3070\u3053\u88fd\u54c1\u3092\u76f4\u63a5PR\u3059\u308bCM\u306f\u6253\u3066\u306a\u3044\u306a\u3069\u3001\u5e83\u544a\u3082\u53b3\u3057\u304f\u898f\u5236\u3055\u308c\u3066\u3044\u307e\u3059\u304c\u3001\u9006\u306b\u305d\u306e\u5206\u3001\u5e83\u544a\u8cbb\u304c\u304b\u304b\u3089\u306a\u3044\u306e\u3067\u3001\u5229\u76ca\u7387\u304c\u9ad8\u304f\u306a\u3063\u3066\u3044\u307e\u3059\u306d&#x2728;<\/p>\n\n\n\n<p>\u7af6\u5408\u4ed6\u793e\u3068\u6bd4\u8f03\u3059\u308b\u3068\u3001JT\u304c21.5\uff05\uff082020\u5e74\u5ea6\uff09\u306a\u306e\u3067\u3001\u3053\u306e\u6570\u5b57\u306f\u5927\u304d\u304f\u4e0a\u56de\u3063\u3066\u3044\u307e\u3059\u304c\u3001PM\u3084<a href=\"https:\/\/yutan-investment.com\/?p=1298\" target=\"_blank\" rel=\"noopener\">MO\uff08\u30a2\u30eb\u30c8\u30ea\u30a2\uff09<\/a>\u306f40\uff05\u3092\u8d85\u3048\u3066\u3044\u308b\u306e\u3067\u3001\u3084\u3084\u898b\u52a3\u308a\u3059\u308b\u3067\u3057\u3087\u3046\u304b\u3002<\/p>\n\n\n\n<p>2017\u5e74\u306e\u7d14\u5229\u76ca\u304c\u6025\u5897\u3057\u3066\u3044\u307e\u3059\u304c\u3001\u3053\u308c\u306f\u30ec\u30a4\u30ce\u30eb\u30ba\u30fb\u30a2\u30e1\u30ea\u30ab\u30f3\u3092\u8cb7\u53ce\u3057\u305f\u3053\u3068\u304c\u5f71\u97ff\u3057\u3066\u3044\u307e\u3059\u3002\u3053\u306e\u5e74\u306e\u7d14\u5229\u76ca\u306f\u4f55\u3068\u30a2\u30c3\u30d7\u30eb\u306b\u6b21\u3044\u30672\u4f4d\u3068\u306a\u308a\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">\u305f\u3070\u3053\u8ca9\u58f2\u91cf\u306e\u63a8\u79fb<\/h4>\n\n\n<div class=\"wp-block-image is-style-photo_frame\">\n<figure class=\"aligncenter\"><img decoding=\"async\" width=\"536\" height=\"394\" src=\"https:\/\/yutan-investment.com\/wp-content\/uploads\/2022\/03\/BTI-Cigarette-Volume-2017-21r.png\" alt=\"BTI Cigarette Volume 2017-21r\" class=\"wp-image-7037\" srcset=\"https:\/\/yutan-investment.com\/wp-content\/uploads\/2022\/03\/BTI-Cigarette-Volume-2017-21r.png 536w, https:\/\/yutan-investment.com\/wp-content\/uploads\/2022\/03\/BTI-Cigarette-Volume-2017-21r-300x221.png 300w\" sizes=\"(max-width: 536px) 100vw, 536px\" \/><\/figure>\n<\/div>\n\n\n<p><span class=\"swl-marker mark_orange\">\u305f\u3070\u3053\u8ca9\u58f2\u91cf\u306f2017\u301c20\u5e74\u307e\u3067 <span class=\"swl-inline-color has-swl-deep-01-color\"><strong>\u6bce\u5e745%\u306e\u30da\u30fc\u30b9\u3067\u6e1b\u5c11<\/strong><\/span>\u3057\u3066\u3044\u3066\u3001\u8ca9\u58f2\u91cf\u306e\u6e1b\u5c11\u3092\u5024\u4e0a\u3052\u3067\u88dc\u3046\u69cb\u56f3\u304c\u7d9a\u3044\u3066\u3044\u307e\u3059&#x1f4a6;<\/span><\/p>\n\n\n\n<p>2021\u5e74\u306e\u305f\u3070\u3053\u8ca9\u58f2\u91cf\u306f\u307b\u307c\u6a2a\u3070\u3044\u3067\u3057\u305f\u3002\u5357\u30a2\u30d5\u30ea\u30ab\u3001\u30d0\u30f3\u30b0\u30e9\u30c7\u30b7\u30e5\u3001\u30d1\u30ad\u30b9\u30bf\u30f3\u3001\u30d9\u30c8\u30ca\u30e0\u306a\u3069\u306e\u65b0\u8208\u56fd\u3067\u8ca9\u58f2\u91cf\u304c\u5897\u52a0\u306b\u8ee2\u3058\u305f\u3053\u3068\u3067\u8e0f\u307f\u3068\u3069\u307e\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u5e74\u73874%\u306e\u30da\u30fc\u30b9\u3067\u305f\u3070\u3053\u8ca9\u58f2\u91cf\u304c\u6e1b\u5c11\u3057\u3066\u3044\u3063\u305f\u5834\u5408\u300117\u5e74\u5f8c\u306b\u306f\u8ca9\u58f2\u91cf\u306f\u534a\u5206\u306b\u306a\u308a\u307e\u3059\uff08\u5e74\u73873%\u30da\u30fc\u30b9\u3060\u306823\u5e74\u5f8c\u306b\u306a\u308a\u307e\u3059\uff09\u3002\u3042\u308b\u7a0b\u5ea6\u306f\u5024\u4e0a\u3052\u3067\u8ca9\u58f2\u91cf\u306e\u843d\u3061\u8fbc\u307f\u306f\u30ab\u30d0\u30fc\u3067\u304d\u308b\u304b\u3068\u601d\u3044\u307e\u3059\u304c\u3001\u3082\u3061\u308d\u3093\u9650\u754c\u306f\u3042\u308a\u307e\u3059\u3002\u65b0\u8208\u56fd\u3067\u306e\u9700\u8981\u3092\u53d6\u308a\u8fbc\u3093\u3067\u3001\u3044\u304b\u306b\u6e1b\u5c11\u5e45\u3092\u6291\u3048\u3089\u308c\u308b\u304b\u304c\u30ab\u30ae\u3068\u306a\u308a\u305d\u3046\u3067\u3059\u306d\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">\u5730\u57df\u5225\u53ce\u76ca\uff082021\u5e74\uff09<\/h4>\n\n\n<div class=\"wp-block-image is-style-photo_frame\">\n<figure class=\"aligncenter\"><img decoding=\"async\" width=\"648\" height=\"200\" src=\"https:\/\/yutan-investment.com\/wp-content\/uploads\/2022\/03\/BTI-Area-Revenue-2021.png\" alt=\"BTI Area Revenue 2021\" class=\"wp-image-7039\" srcset=\"https:\/\/yutan-investment.com\/wp-content\/uploads\/2022\/03\/BTI-Area-Revenue-2021.png 648w, https:\/\/yutan-investment.com\/wp-content\/uploads\/2022\/03\/BTI-Area-Revenue-2021-300x93.png 300w\" sizes=\"(max-width: 648px) 100vw, 648px\" \/><\/figure>\n<\/div>\n\n\n<p>\u5730\u57df\u306e\u5206\u3051\u65b9\u304c\u306a\u304b\u306a\u304b\u7279\u6b8a\u3067\u3059\u306d\u2026\u53ce\u76ca\u306e\u534a\u5206\u5f31\u304c\u30a2\u30e1\u30ea\u30ab\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u305f\u3060\u3057\u3001\u305d\u306e\u30a2\u30e1\u30ea\u30ab\u3067\u306e\u4e8b\u696d\u306f\u3001\u7c73\u98df\u54c1\u533b\u85ac\u54c1\u5c40\uff08FDA\uff09\u304c\u30e1\u30f3\u30bd\u30fc\u30eb\u305f\u3070\u3053\u3092\u7981\u6b62\u3059\u308b\u65b9\u91dd\u3092\u793a\u3057\u3066\u304a\u308a\uff08\u30d6\u30ea\u30c6\u30a3\u30c3\u30b7\u30e5\u30fb\u30a2\u30e1\u30ea\u30ab\u30f3\u30fb\u30bf\u30d0\u30b3\u306fNewport\u3068\u3044\u3046\u30d6\u30e9\u30f3\u30c9\u3092\u6240\u6709\u3057\u3066\u3044\u307e\u3059\uff09\u3001\u9006\u98a8\u306b\u3055\u3089\u3055\u308c\u3066\u3044\u307e\u3059\u3002\u3068\u306f\u3044\u3048\u3001\u5b9f\u73fe\u307e\u3067\u306b\u306f\u6570\u5e74\u304b\u304b\u308a\u307e\u3059\u3057\u3001\u4eca\u5f8c\u306e\u63a8\u79fb\u3092\u898b\u5b88\u308a\u305f\u3044\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n\n\n<div class=\"swell-block-postLink\">\t\t\t<div class=\"p-blogCard -external\" data-type=\"type3\" data-onclick=\"clickLink\">\n\t\t\t\t<div class=\"p-blogCard__inner\">\n\t\t\t\t\t<span class=\"p-blogCard__caption\">\u65e5\u672c\u7d4c\u6e08\u65b0\u805e<\/span>\n\t\t\t\t\t<div class=\"p-blogCard__thumb c-postThumb\"><figure class=\"c-postThumb__figure\"><img decoding=\"async\" src=\"https:\/\/article-image-ix.nikkei.com\/https%3A%2F%2Fimgix-proxy.n8s.jp%2FDSXZQO0560808029042021000000-1.jpg?auto=format&#038;bg=FFFF&#038;crop=focalpoint&#038;fit=crop&#038;h=630&#038;w=1200&#038;s=b3d5bc8489f16fd5c495472425753737\" alt=\"\" class=\"c-postThumb__img u-obf-cover\" width=\"320\" height=\"180\"><\/figure><\/div>\t\t\t\t\t<div class=\"p-blogCard__body\">\n\t\t\t\t\t\t<a class=\"p-blogCard__title\" href=\"https:\/\/www.nikkei.com\/article\/DGXZQOGN295IT0Z20C21A4000000\/\" target=\"_blank\" rel=\"noopener noreferrer\">\u7c73\u3001\u30e1\u30f3\u30bd\u30fc\u30eb\u306a\u3069\u98a8\u5473\u305f\u3070\u3053\u7981\u6b62\u3078\u3000\u6765\u5e74\u306b\u88fd\u54c1\u57fa\u6e96\u6848 &#8211; \u65e5\u672c\u7d4c\u6e08\u65b0\u805e<\/a>\n\t\t\t\t\t\t<span class=\"p-blogCard__excerpt\">\u3010\u30ef\u30b7\u30f3\u30c8\u30f3=\u5171\u540c\u3011\u7c73\u98df\u54c1\u533b\u85ac\u54c1\u5c40\uff08FDA\uff09\u306f29\u65e5\u3001\u30e1\u30f3\u30bd\u30fc\u30eb\u306a\u3069\u98a8\u5473\u4ed8\u304d\u305f\u3070\u3053\u3092\u7981\u6b62\u3059\u308b\u65b9\u91dd\u3092\u767a\u8868\u3057\u305f\u3002\u6765\u5e74\u4e2d\u306b\u3001\u305f\u3070\u3053\u88fd\u54c1\u306e\u57fa\u6e96\u6848\u3092\u307e\u3068\u3081\u308b\u3068\u3057\u3066\u3044\u308b\u3002\u7c73\u7d19\u30ef\u30b7&#8230;<\/span>\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\n\n<p>\u306a\u304a\u30012022\u5e742\u6708\u306e\u30ed\u30b7\u30a2\u306e\u30a6\u30af\u30e9\u30a4\u30ca\u4fb5\u653b\u306b\u3088\u308a\u30013\u6708\u306b\u306f\u30ed\u30b7\u30a2\u4e8b\u696d\u304b\u3089\u64a4\u9000\u3059\u308b\u3053\u3068\u3092\u8868\u660e\u3057\u3066\u3044\u307e\u3059\u3002\u30ed\u30b7\u30a2\u3068\u30a6\u30af\u30e9\u30a4\u30ca\u304c\u53ce\u76ca\u306b\u5360\u3081\u308b\u5272\u5408\u306f3\uff05\u7a0b\u5ea6\u3067\u3001\u8abf\u6574\u5f8c\u306e\u55b6\u696d\u5229\u76ca\u306b\u5360\u3081\u308b\u5272\u5408\u306f\u305d\u308c\u3088\u308a\u3082\u308f\u305a\u304b\u306b\u4f4e\u3044\u3068\u306e\u3053\u3068\u3067\u3059\u3002\u4e8b\u696d\u64a4\u9000\u3092\u53d7\u3051\u3066\u30012022\u5e74\u306e\u30ac\u30a4\u30c0\u30f3\u30b9\u306f\u3001\u53ce\u76ca\uff08\u70ba\u66ff\u5909\u52d5\u306e\u5f71\u97ff\u3092\u53d6\u308a\u9664\u3044\u305f\u6570\u5024\uff09\u306e2\u301c4\uff05\u307b\u3069\u306e\u6210\u9577\u3092\u76ee\u6307\u3059\u3068\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">\u88fd\u54c1\u5225\u53ce\u76ca\u306e\u63a8\u79fb<\/h4>\n\n\n\n<p>2021\u5e74\u6642\u70b9\u3067\u306f\u3001\u53ef\u71c3\u6027\u305f\u3070\u3053\uff08\u7d19\u5dfb\u304d\u305f\u3070\u3053\uff09\u304c\u53ce\u76ca\u306b\u5360\u3081\u308b\u5272\u5408\u306f85.7%\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002\u305d\u306e\u4ed6\u306e\u88fd\u54c1\u306f\u3001\u4ee5\u4e0b\u306e\u5185\u5bb9\u3067\u69cb\u6210\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image is-style-photo_frame\"><img decoding=\"async\" width=\"756\" height=\"248\" src=\"https:\/\/yutan-investment.com\/wp-content\/uploads\/2022\/03\/BTI-Segment-Revenue-2017-21.png\" alt=\"\" class=\"wp-image-7041\" srcset=\"https:\/\/yutan-investment.com\/wp-content\/uploads\/2022\/03\/BTI-Segment-Revenue-2017-21.png 756w, https:\/\/yutan-investment.com\/wp-content\/uploads\/2022\/03\/BTI-Segment-Revenue-2017-21-300x98.png 300w\" sizes=\"(max-width: 756px) 100vw, 756px\" \/><\/figure>\n\n\n\n<p>\u96fb\u5b50\u305f\u3070\u3053\uff08Vuse\uff09\u3001\u52a0\u71b1\u5f0f\u305f\u3070\u3053\uff08glo\uff09\u3001\u55c5\u304e\u305f\u3070\u3053\uff08VELO\uff09\u3092\u3001\u30ea\u30b9\u30af\u3092\u4f4e\u6e1b\u3057\u305f\u65b0\u305f\u306a\u30ab\u30c6\u30b4\u30ea\u30fc\u88fd\u54c1\u3068\u3057\u3066\u4f4d\u7f6e\u4ed8\u3051\u3066\u3044\u3066\u3001\u305d\u306e\u53ce\u76ca\u306f\u524d\u5e74\u6bd4\u3067<span class=\"swl-inline-color has-swl-deep-02-color\">+42.4%<\/span>\u306e\u4f38\u3073\u3068\u306a\u3063\u3066\u3044\u307e\u3059&#x2728;<\/p>\n\n\n\n<p>2025\u5e74\u307e\u3067\u306b\u306f\u3053\u308c\u3089\u306e\u88fd\u54c1\u306e\u53ce\u76ca\u309250\u5104\u30dd\u30f3\u30c9\u306b\u3059\u308b\u3053\u3068\u3092\u76ee\u6307\u3057\u3066\u3044\u307e\u3059\u3002\u65e2\u5b58\u306e\u7d19\u5dfb\u304d\u305f\u3070\u3053\u30e6\u30fc\u30b6\u30fc\u3092\u3053\u308c\u3089\u306e\u65b0\u88fd\u54c1\u306b\u8a98\u5c0e\u3059\u308b\u3053\u3068\u306f\u3082\u3061\u308d\u3093\u3001\u3057\u3063\u304b\u308a\u3068\u30e6\u30fc\u30b6\u30fc\u3092\u7e4b\u304e\u6b62\u3081\u3066\u3044\u304f\u3053\u3068\u304c\u6c42\u3081\u3089\u308c\u308b\u304b\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">EPS\uff081\u682a\u3042\u305f\u308a\u5229\u76ca\uff09<\/h3>\n\n\n<div class=\"wp-block-image is-style-photo_frame\">\n<figure class=\"aligncenter\"><img decoding=\"async\" width=\"543\" height=\"358\" src=\"https:\/\/yutan-investment.com\/wp-content\/uploads\/2022\/03\/BTI-EPS-2008-21.png\" alt=\"\" class=\"wp-image-7024\" srcset=\"https:\/\/yutan-investment.com\/wp-content\/uploads\/2022\/03\/BTI-EPS-2008-21.png 543w, https:\/\/yutan-investment.com\/wp-content\/uploads\/2022\/03\/BTI-EPS-2008-21-300x198.png 300w\" sizes=\"(max-width: 543px) 100vw, 543px\" \/><figcaption class=\"wp-element-caption\">\u203b2017\u5e74\u5ea6\u306eEPS\u306f\u30ec\u30a4\u30ce\u30eb\u30ba\u30fb\u30a2\u30e1\u30ea\u30ab\u30f3\u8cb7\u53ce\u306e\u5f71\u97ff\u3067\u5927\u304d\u304f\u304b\u3055\u4e0a\u3052\u3055\u308c\u3066\u3044\u308b\u305f\u3081\u3001\u30b0\u30e9\u30d5\u4f5c\u6210\u306e\u90fd\u5408\u4e0a\u3001\u00a34\u3092\u4e0a\u9650\u3068\u3057\u3066\u3044\u307e\u3059\u3002<\/figcaption><\/figure>\n<\/div>\n\n\n<p>\u30ea\u30b9\u30c8\u30e9\u8cbb\u7528\u3084\u3001\u7121\u5f62\u8cc7\u7523\uff08\u5f62\u306e\u306a\u3044\u8cc7\u7523\u3002\u7279\u8a31\u6a29\u3084\u5546\u6a19\u6a29\u306a\u3069\u306e\u77e5\u7684\u8ca1\u7523\u3084\u4eba\u7684\u8ca1\u7523\u306a\u3069\uff09\u306e\u511f\u5374\u8cbb\u306a\u3069\u3092\u9664\u5916\u3057\u305f\u3082\u306e\u304cAdjusted EPS\uff08\u8abf\u6574\u5f8cEPS\uff09\u3068\u3057\u3066\u767a\u8868\u3055\u308c\u3066\u3044\u307e\u3059\u3002\u305f\u3060\u30012017\u5e74\u3092\u9664\u3051\u3070\u3001EPS\u3068\u305d\u308c\u307b\u3069\u5927\u304d\u306a\u9055\u3044\u304c\u3042\u308b\u308f\u3051\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n\n\n\n<p>Adjusted EPS\u306f\u3001\u76f4\u8fd15\u5e74\uff082016\u301c21\uff09\u3067\u5e74\u7387<span class=\"swl-inline-color has-swl-deep-02-color\">+5.9%<\/span>\u3067\u6210\u9577\u3057\u3066\u3044\u307e\u3059\u30022021\u5e74\u306e\u6570\u5024\u306f\u3001\u30dd\u30f3\u30c9\u9ad8\u3092\u53cd\u6620\u3057\u3066\u3001\u524d\u5e74\u6bd4\u3067\u308f\u305a\u304b\u306b\u30de\u30a4\u30ca\u30b9\u3068\u306a\u3063\u3066\u3044\u307e\u3059&#x1f4a6;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u682a\u4e3b\u8cc7\u672c\u3001\u7d14\u8ca0\u50b5<\/h3>\n\n\n<div class=\"wp-block-image is-style-photo_frame\">\n<figure class=\"aligncenter\"><img decoding=\"async\" width=\"543\" height=\"358\" src=\"https:\/\/yutan-investment.com\/wp-content\/uploads\/2022\/03\/BTI-Equity-Debt-2017-21.png\" alt=\"BTI Equity Debt 2017-21\" class=\"wp-image-7030\" srcset=\"https:\/\/yutan-investment.com\/wp-content\/uploads\/2022\/03\/BTI-Equity-Debt-2017-21.png 543w, https:\/\/yutan-investment.com\/wp-content\/uploads\/2022\/03\/BTI-Equity-Debt-2017-21-300x198.png 300w\" sizes=\"(max-width: 543px) 100vw, 543px\" \/><\/figure>\n<\/div>\n\n\n<p>\u30ec\u30a4\u30ce\u30eb\u30ba\u30fb\u30a2\u30e1\u30ea\u30ab\u30f3\u8cb7\u53ce\u3067\u5927\u304d\u304f\u5897\u52a0\u3057\u305f\u7d14(\u6709\u5229\u5b50)\u8ca0\u50b5\u306f\u7740\u5b9f\u306b\u6e1b\u5c11\u3057\u3066\u3044\u307e\u3059\u3002\u4f1a\u793e\u306f\u50b5\u52d9\u306e\u8fd4\u6e08\u80fd\u529b\u3092\u6e2c\u308b\u6307\u6a19\u3067\u3042\u308b\u7d14\u8ca0\u50b5\/EBITDA\uff08\u55b6\u696d\u5229\u76ca\u306b\u6e1b\u4fa1\u511f\u5374\u8cbb\u3092\u8db3\u3057\u305f\u3082\u306e\uff09\u3092\u516c\u8868\u3057\u3066\u3044\u3066\u3001\u305d\u306e\u6570\u5024\u306f2021\u5e74\u73fe\u5728\u30673.0\u500d\u307e\u3067\u4f4e\u4e0b\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u3053\u306e\u6570\u5024\u304c\u9ad8\u3044\u3068\u3001\u50b5\u52d9\u8fd4\u6e08\u80fd\u529b\u306b\u7591\u554f\u7b26\u304c\u3064\u304d\u3001\u4fe1\u7528\u683c\u4ed8\u3051\u304c\u60aa\u5316\u3059\u308b\u3053\u3068\u306b\u3064\u306a\u304c\u308a\u307e\u3059\u3002\u4fe1\u7528\u683c\u4ed8\u3051\u304c\u60aa\u5316\u3059\u308b\u3068\u3044\u3046\u3053\u3068\u306f\u3001\u50b5\u52d9\u304c\u8fd4\u3063\u3066\u3053\u306a\u3044\u30ea\u30b9\u30af\u304c\u9ad8\u3044\u3053\u3068\u306e\u8868\u308c\u306a\u306e\u3067\u3001\u4f01\u696d\u306f\u4f4e\u3044\u91d1\u5229\u3067\u8cc7\u91d1\u3092\u8abf\u9054\u3059\u308b\u3053\u3068\u304c\u96e3\u3057\u304f\u306a\u308a\u307e\u3059\u3002\u9577\u671f\u6295\u8cc7\u5bb6\u3068\u3057\u3066\u306f\u4f01\u696d\u306e\u5012\u7523\u306f\u7d76\u5bfe\u306b\u907f\u3051\u306a\u3044\u3068\u3044\u3051\u307e\u305b\u3093\u304b\u3089\u3001\u4fe1\u7528\u683c\u4ed8\u3051\u306f\u30c1\u30a7\u30c3\u30af\u3057\u3066\u304a\u304d\u305f\u3044\u6307\u6a19\u306e\u4e00\u3064\u3067\u3059\u306d&#x2728;<\/p>\n\n\n\n<p>\u73fe\u5728\u306eBTI\u306eS&amp;P\u306e\u4fe1\u7528\u683c\u4ed8\u3051\u306f<strong>BBB<\/strong>+\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002\u3082\u3061\u308d\u3093\u6295\u8cc7\u9069\u683c\u6c34\u6e96\u3067\u3059\u3002\u7d14\u8ca0\u50b5\/EBITDA\u306f2\u301c3\u500d\u306e\u6c34\u6e96\u306b\u7dad\u6301\u3059\u308b\u3053\u3068\u3068\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\uff08CF\uff09<\/h3>\n\n\n<div class=\"wp-block-image is-style-photo_frame\">\n<figure class=\"aligncenter\"><img decoding=\"async\" width=\"543\" height=\"358\" src=\"https:\/\/yutan-investment.com\/wp-content\/uploads\/2022\/03\/BTI-CF-2008-21.png\" alt=\"\" class=\"wp-image-7025\" srcset=\"https:\/\/yutan-investment.com\/wp-content\/uploads\/2022\/03\/BTI-CF-2008-21.png 543w, https:\/\/yutan-investment.com\/wp-content\/uploads\/2022\/03\/BTI-CF-2008-21-300x198.png 300w\" sizes=\"(max-width: 543px) 100vw, 543px\" \/><\/figure>\n<\/div>\n\n\n<p><span class=\"swl-marker mark_yellow\">\u305f\u3070\u3053\u30e1\u30fc\u30ab\u30fc\u306e\u9b45\u529b\u306f\u4f55\u3068\u3044\u3063\u3066\u3082\u3053\u306e\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u3067\u3059\u306d\u3002<\/span>\u8a2d\u5099\u6295\u8cc7\u304c\u307b\u3068\u3093\u3069\u304b\u304b\u3063\u3066\u304a\u3089\u305a\u3001\u83ab\u5927\u306a\u30d5\u30ea\u30fcCF\u3092\u751f\u307f\u51fa\u3057\u3066\u3044\u3066\u3001\u914d\u5f53\u3084\u81ea\u793e\u682a\u8cb7\u3044\u306a\u3069\u3067\u3001\u6295\u8cc7\u5bb6\u3078\u306e\u624b\u539a\u3044\u9084\u5143\u304c\u53ef\u80fd\u3067\u3059\u3002\u55b6\u696dCF\u30de\u30fc\u30b8\u30f3\uff08\u55b6\u696dCF\/\u53ce\u76ca\uff09\u3082\u4e0a\u6607\u50be\u5411\u3067\u3059&#x2728;<\/p>\n\n\n\n<div class=\"article_ads\"><script async=\"\" src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script><br><ins class=\"adsbygoogle\" style=\"display: block; text-align: center;\" data-ad-layout=\"in-article\" data-ad-format=\"fluid\" data-ad-client=\"ca-pub-2389148065955301\" data-ad-slot=\"4406162686\"><\/ins><br><script><br \/>\n     (adsbygoogle = window.adsbygoogle || []).push({});<br \/>\n<\/script><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">\u30d6\u30ea\u30c6\u30a3\u30c3\u30b7\u30e5\u30fb\u30a2\u30e1\u30ea\u30ab\u30f3\u30fb\u30bf\u30d0\u30b3\u306e\u914d\u5f53<\/h2>\n\n\n<div class=\"wp-block-image is-style-photo_frame\">\n<figure class=\"aligncenter\"><img decoding=\"async\" width=\"543\" height=\"358\" src=\"https:\/\/yutan-investment.com\/wp-content\/uploads\/2022\/03\/BTI-Dividend-2008-21r.png\" alt=\"BTI Dividend 2008-21r\" class=\"wp-image-7031\" srcset=\"https:\/\/yutan-investment.com\/wp-content\/uploads\/2022\/03\/BTI-Dividend-2008-21r.png 543w, https:\/\/yutan-investment.com\/wp-content\/uploads\/2022\/03\/BTI-Dividend-2008-21r-300x198.png 300w\" sizes=\"(max-width: 543px) 100vw, 543px\" \/><\/figure>\n<\/div>\n\n\n<p>\u30dd\u30f3\u30c9\u30c9\u30eb\u30d9\u30fc\u30b9\u3067\u898b\u308b\u3068\u3001<span class=\"swl-marker mark_blue\"><span class=\"swl-inline-color has-swl-deep-02-color\"><strong>2000\u5e74\u4ee5\u964d\u3001\u9023\u7d9a\u5897\u914d<\/strong><\/span>\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002<\/span>\u6ce8\u76ee\u3059\u3079\u304d\u306f\u3001\u8abf\u6574\u5f8cEPS\u30d9\u30fc\u30b9\u3067\u898b\u305f\u914d\u5f53\u6027\u5411\u304c65\uff05\u7a0b\u5ea6\u3067\u4e00\u8cab\u3057\u3066\u3044\u308b\u70b9\u3067\u3059\u306d\u3002\u914d\u5f53\u6027\u5411\u309265%\u7a0b\u5ea6\u306b\u7dad\u6301\u3059\u308b\u3053\u3068\u306f\u3001\u4f1a\u793e\u306e\u914d\u5f53\u30dd\u30ea\u30b7\u30fc\u306b\u3082\u306a\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u76f4\u8fd15\u5e74\u306e\u5897\u914d\u7387\uff082016\u301c21\uff09\u306f<span class=\"swl-inline-color has-swl-deep-02-color\">+5.2%<\/span>\u3068\u60aa\u304f\u3042\u308a\u307e\u305b\u3093\u304c\u300117\u5e74\u4ee5\u964d\u306f\u5897\u914d\u7387\u304c\u3084\u3084\u920d\u5316\u3057\u3066\u3044\u307e\u3059\u3002\u914d\u5f53\u5229\u56de\u308a\u306f<span class=\"swl-inline-color has-swl-deep-02-color\">6.93%<\/span>\u3068\u306a\u3063\u3066\u3044\u3066\uff082022\/3\/17\u6642\u70b9\uff09\u3001\u540c\u696d\u4ed6\u793e\u306e\u30d5\u30a3\u30ea\u30c3\u30d7\u30fb\u30e2\u30ea\u30b9\u3088\u308a\u3082\u9ad8\u304f\u3001\u30a2\u30eb\u30c8\u30ea\u30a2\u3068\u307b\u307c\u540c\u3058\u6c34\u6e96\u3067\u3059\u3002\u82f1\u56fd\u682a\uff08\u30a4\u30ae\u30ea\u30b9\u682a\uff09\u306a\u306e\u3067\u3001\u6e90\u6cc9\u5fb4\u53ce\u7a0e\u304c<span class=\"swl-inline-color has-swl-deep-02-color\">0\uff05<\/span>\u306a\u306e\u304c\u3042\u308a\u304c\u305f\u3044\u3067\u3059\u306d&#x2728;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u30d6\u30ea\u30c6\u30a3\u30c3\u30b7\u30e5\u30fb\u30a2\u30e1\u30ea\u30ab\u30f3\u30fb\u30bf\u30d0\u30b3\uff08BTI\uff09\u306e\u30c8\u30fc\u30bf\u30eb\u30ea\u30bf\u30fc\u30f3<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">VS S&amp;P 500\uff08SPY\uff09\uff081993\/1~\uff09<\/h3>\n\n\n\n<p class=\"has-xs-font-size\"><img decoding=\"async\" class=\"alignnone size-full wp-image-7027\" src=\"https:\/\/yutan-investment.com\/wp-content\/uploads\/2022\/03\/SPY_2022-03-17_20-31-48.png\" alt=\"\" width=\"700\" height=\"435\" srcset=\"https:\/\/yutan-investment.com\/wp-content\/uploads\/2022\/03\/SPY_2022-03-17_20-31-48.png 700w, https:\/\/yutan-investment.com\/wp-content\/uploads\/2022\/03\/SPY_2022-03-17_20-31-48-300x186.png 300w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/><br><span class=\"komozi\">\u203b\u914d\u5f53\u518d\u6295\u8cc7\u306e\u969b\u306b\u304b\u304b\u308b\u7a0e\u91d1\u3084\u624b\u6570\u6599\u306f\u8003\u616e\u3057\u3066\u3044\u307e\u305b\u3093<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">VS S&amp;P 500\uff08SPY\uff09\uff08\u76f4\u8fd15\u5e74\uff09<\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"700\" height=\"435\" src=\"https:\/\/yutan-investment.com\/wp-content\/uploads\/2022\/03\/SPY_2022-03-17_20-32-09.png\" alt=\"\" class=\"wp-image-7028\" srcset=\"https:\/\/yutan-investment.com\/wp-content\/uploads\/2022\/03\/SPY_2022-03-17_20-32-09.png 700w, https:\/\/yutan-investment.com\/wp-content\/uploads\/2022\/03\/SPY_2022-03-17_20-32-09-300x186.png 300w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/><\/figure>\n\n\n\n<p>1993\u5e74\u4ee5\u964d\u3067\u6bd4\u8f03\u3059\u308b\u3068\u3001BTI\u304cS&amp;P 500\uff08SPY\uff09\u3092\u4e0a\u56de\u3063\u3066\u3044\u307e\u3059\u304c\u3001\u76f4\u8fd15\u5e74\u3067\u307f\u308b\u3068\u3001BTI\u306e\u30c8\u30fc\u30bf\u30eb\u30ea\u30bf\u30fc\u30f3\u306f\u30de\u30a4\u30ca\u30b9\u3068\u306a\u3063\u3066\u3044\u307e\u3059&#x1f4a7;<\/p>\n\n\n\n<p>\u305d\u308c\u3082\u305d\u306e\u306f\u305a\u3001BTI\u306e\u682a\u4fa1\u306f2017\u5e74\u306b\u9ad8\u5024\uff0873\u30c9\u30eb\uff09\u3092\u3064\u3051\u3066\u3044\u3066\u3001\u305d\u306e\u5f37\u6c17\u76f8\u5834\u304b\u3089\u306e\u8a08\u6e2c\u3068\u306a\u3063\u3066\u3044\u308b\u305f\u3081\u3067\u3059\u3002\u30c8\u30fc\u30bf\u30eb\u30ea\u30bf\u30fc\u30f3\u306f\u671f\u9593\u306e\u53d6\u308a\u65b9\u6b21\u7b2c\u3067\u5927\u304d\u304f\u5909\u308f\u308b\u3053\u3068\u306e\u597d\u4f8b\u3067\u3059\u306d\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u307e\u3068\u3081\u30fb\u79c1\u306e\u4fdd\u6709\u72b6\u6cc1\u30fb\u6240\u611f<\/h2>\n\n\n\n<ul class=\"is-style-check_list has-swl-main-thin-background-color has-background wp-block-list\">\n<li>\u305f\u3070\u3053\u5e02\u5834\u306f\u7e2e\u5c0f\u50be\u5411\u3060\u304c\u3001\u5be1\u5360\u5e02\u5834\u3067\u3042\u308a\u3001\u30d3\u30b8\u30cd\u30b9\u30e2\u30c7\u30eb\u306f\u5b89\u5b9a\u3057\u3066\u3044\u308b\u3002\u305f\u3060\u3057\u3001\u30a2\u30e1\u30ea\u30ab\u3067\u306f\u3001\u30e1\u30f3\u30bd\u30fc\u30eb\u305f\u3070\u3053\u3092\u7981\u6b62\u3059\u308b\u65b9\u91dd\u304c\u793a\u3055\u308c\u3066\u304a\u308a\u3001\u9006\u98a8\u306b\u3055\u3089\u3055\u308c\u3066\u3044\u308b<\/li>\n\n\n\n<li>\u7d14(\u6709\u5229\u5b50)\u8ca0\u50b5\u306f\u7740\u5b9f\u306b\u6e1b\u5c11\u3057\u3066\u304a\u308a\u3001\u8cb7\u53ce\u306b\u4f34\u3046\u50b5\u52d9\u3092\u9806\u8abf\u306b\u6d88\u5316\u4e2d\u3002<\/li>\n\n\n\n<li><span class=\"swl-marker mark_blue\"><span class=\"swl-inline-color has-swl-deep-02-color\"><strong>20\u5e74\u3092\u8d85\u3048\u308b\u9023\u7d9a\u5897\u914d\u306e\u5b9f\u7e3e<\/strong><\/span><\/span>\u304c\u3042\u308a\u3001\u914d\u5f53\u6027\u5411\u3082\u5b89\u5b9a\u3057\u3066\u3044\u308b\u3002\u6e90\u6cc9\u5fb4\u53ce\u7a0e\u304c<span class=\"swl-inline-color has-swl-deep-02-color\">0%<\/span>\u3067\u3042\u308b\u3053\u3068\u3082\u9b45\u529b<\/li>\n<\/ul>\n\n\n\n<p>\u79c1\u306fBTI\uff08\u30d6\u30ea\u30c6\u30a3\u30c3\u30b7\u30e5\u30fb\u30a2\u30e1\u30ea\u30ab\u30f3\u30fb\u30bf\u30d0\u30b3\uff09\u3092\u4fdd\u6709\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p><span class=\"swl-marker mark_yellow\">\u305f\u3070\u3053\u7523\u696d\u306f\u8870\u9000\u7523\u696d\u3086\u3048\u3001\u53ce\u76ca\u306e\u5927\u5e45\u306a\u5897\u52a0\u306f\u898b\u8fbc\u3081\u306a\u3044\u3067\u3059\u304c\u3001\u55b6\u696d\u5229\u76ca\u7387\u3084\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306f\u9ad8\u3044\u6c34\u6e96\u3067\u5b89\u5b9a\u3057\u3066\u3044\u307e\u3059\u3002<\/span><\/p>\n\n\n\n<p>\u4e16\u754c\u4e2d\u3067\u30d3\u30b8\u30cd\u30b9\u3092\u5c55\u958b\u3057\u3066\u3044\u3066\u30b7\u30a7\u30a2\u3082\u9ad8\u3044BTI\u3084PM\uff08\u30d5\u30a3\u30ea\u30c3\u30d7\u30fb\u30e2\u30ea\u30b9\uff09\u304c\u30c0\u30e1\u306b\u306a\u308b\u3053\u3068\u306f\u3001\u3059\u306a\u308f\u3061\u3001\u305f\u3070\u3053\u7523\u696d\u305d\u306e\u3082\u306e\u304c\u5d29\u58ca\u3059\u308b\u3053\u3068\u3092\u610f\u5473\u3057\u307e\u3059\u304c\u3001\u5c11\u306a\u304f\u3068\u3082\u4eca\u5f8c5\u301c10\u5e74\u3067\u305d\u3053\u307e\u3067\u74b0\u5883\u304c\u6fc0\u5909\u3059\u308b\u3068\u306f\u8003\u3048\u3066\u3044\u306a\u304f\u3066\u3001\u6295\u8cc7\u5bb6\u306b\u5b89\u5b9a\u3057\u305f\u914d\u5f53\u3092\u652f\u6255\u3063\u3066\u304f\u308c\u308b\u3060\u308d\u3046\u3068\u671f\u5f85\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u7279\u306bBTI\u306f2021\u5e74\u306e\u5b9f\u7e3eEPS\u3067\u898b\u305fPER\u304c<span class=\"swl-inline-color has-swl-deep-02-color\">9.6\u500d<\/span>\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002<span class=\"swl-marker 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