{"id":1298,"date":"2019-07-20T00:19:51","date_gmt":"2019-07-19T15:19:51","guid":{"rendered":"https:\/\/yutan-investment.com\/?p=1298"},"modified":"2022-06-06T08:53:30","modified_gmt":"2022-06-05T23:53:30","slug":"mo","status":"publish","type":"post","link":"https:\/\/yutan-investment.com\/?p=1298","title":{"rendered":"\u3010MO\u3011\uff08\u30a2\u30eb\u30c8\u30ea\u30a2\uff09\u301c\u9ad8\u53ce\u76ca\u3001\u9ad8\u914d\u5f53\u306a\u305f\u3070\u3053\u30e1\u30fc\u30ab\u30fc!\u301c"},"content":{"rendered":"\n<p class=\"is-style-icon_announce wp-block-paragraph\"><strong>\u3010<\/strong>\u66f4\u65b0\u60c5\u5831\u3011\uff082022\/6\/6\uff09<br>2021\u5e74\u306e\u696d\u7e3e\u3092\u53cd\u6620\u3002\u8a18\u4e8b\u30ea\u30e9\u30a4\u30c8\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3086\u30fc\u305f\u3093\u3067\u3059\u266a<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u9ad8\u53ce\u76ca\u3001\u9ad8\u914d\u5f53\u306a\u305f\u3070\u3053\u30e1\u30fc\u30ab\u30fc\u3001<strong>\u30a2\u30eb\u30c8\u30ea\u30a2<\/strong>\uff08<strong>Altria<\/strong>\u3001\u30c6\u30a3\u30c3\u30ab\u30fc\uff1a<strong>MO<\/strong>\uff09\u306e\u9298\u67c4\u5206\u6790\u3067\u3059\u266a<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u30a2\u30eb\u30c8\u30ea\u30a2\uff08MO\uff09\u3063\u3066\u3069\u3093\u306a\u4f1a\u793e\uff1f<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><img decoding=\"async\" width=\"700\" height=\"467\" class=\"alignnone size-full wp-image-4990\" src=\"https:\/\/yutan-investment.com\/wp-content\/uploads\/2020\/01\/Altria-Marlboro_image1.jpg\" alt=\"Altria_image\" srcset=\"https:\/\/yutan-investment.com\/wp-content\/uploads\/2020\/01\/Altria-Marlboro_image1.jpg 700w, https:\/\/yutan-investment.com\/wp-content\/uploads\/2020\/01\/Altria-Marlboro_image1-300x200.jpg 300w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/><br><small>\uff08Image By\uff1aAdobe Stock\uff09<\/small><br><strong><br><\/strong><span class=\"swl-marker mark_yellow\"><strong>\u30a2\u30eb\u30c8\u30ea\u30a2<\/strong>\u306f\u3001\u30a2\u30e1\u30ea\u30ab\u306e\u30d0\u30fc\u30b8\u30cb\u30a2\u5dde\u30ea\u30c3\u30c1\u30e2\u30f3\u30c9\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 class=\"wp-block-paragraph\">2021\u5e74\u306e\u53ce\u76ca\u306f\u7d04260\u5104\u30c9\u30eb\u3067\u3001\u65e5\u672c\u5186\u306b\u63db\u7b97\u3059\u308b\u3068\u7d042.85\u5146\u5186\u306b\u306a\u308a\u307e\u3059\u3002\u30d6\u30ea\u30c6\u30a3\u30c3\u30b7\u30e5\u30fb\u30a2\u30e1\u30ea\u30ab\u30f3\u30fb\u30bf\u30d0\u30b3\uff08\u7d043.9\u5146\u5186\uff09\u3084\u3001\u30d5\u30a3\u30ea\u30c3\u30d7\u30fb\u30e2\u30ea\u30b9\uff08\u7d043.4\u5146\u5186\uff09\u3088\u308a\u306f\u5c11\u306a\u3044\u3067\u3059\u304c\u3001JT\uff08\u7d042.3\u5146\u5186\uff09\u3088\u308a\u306f\u591a\u304f\u306a\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u30de\u30fc\u30eb\u30dc\u30ed\uff08Marlboro\uff09\u306e\u30d6\u30e9\u30f3\u30c9\u3067\u77e5\u3089\u308c\u3066\u3044\u307e\u3059\u3002\u30de\u30fc\u30eb\u30dc\u30ed\u306f\u5727\u5012\u7684\u306a\u30d6\u30e9\u30f3\u30c9\u3092\u78ba\u7acb\u3057\u3066\u3044\u3066\u3001\u30a2\u30e1\u30ea\u30ab\u3067\u306e\u5e02\u5834\u30b7\u30a7\u30a2\u306f\u7d0443.1\uff05\uff082021\u5e74\uff09\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3061\u306a\u307f\u306b\u30012007\u5e74\u306b\u98df\u54c1\u30e1\u30fc\u30ab\u30fc\u306e\u30af\u30e9\u30d5\u30c8\u30d5\u30fc\u30ba\uff08\u73fe\uff1a\u30af\u30e9\u30d5\u30c8\u30cf\u30a4\u30f3\u30c4\uff09\u3092\u5206\u793e\u5316\u3001\u7fcc2008\u5e74\u306b\u30a2\u30e1\u30ea\u30ab\u3067\u306e\u8a34\u8a1f\u30ea\u30b9\u30af\u304b\u3089\u3001\u6d77\u5916\u90e8\u9580\u3092<strong>\u30d5\u30a3\u30ea\u30c3\u30d7\u30fb\u30e2\u30ea\u30b9<\/strong>\uff08<strong>Philip Morris International Inc.<\/strong>\uff09\u3068\u3057\u3066\u5206\u793e\u5316\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u30a2\u30eb\u30c8\u30ea\u30a2\u306f\u3001\u30a2\u30e1\u30ea\u30ab\u3067\u3057\u304b\u305f\u3070\u3053\u4e8b\u696d\u3092\u884c\u3063\u3066\u3044\u307e\u305b\u3093\u3002<span class=\"swl-marker mark_orange\">\u3057\u304b\u3057\u3001\u4eba\u53e3\u304c\u5897\u52a0\u3059\u308b\u30a2\u30e1\u30ea\u30ab\u3068\u3044\u3048\u3069\u3001\u305f\u3070\u3053\u9700\u8981\u3082\u6e1b\u5c11\u3057\u3066\u304d\u3066\u3044\u307e\u3059\u3002<\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u305d\u3046\u3057\u305f\u306a\u304b\u3067\u3001\u30a2\u30eb\u30c8\u30ea\u30a2\u306f\u30012018\u5e74\u306b\u96fb\u5b50\u305f\u3070\u3053\u6700\u5927\u624b\u306e\u30b8\u30e5\u30fc\u30eb\uff08JUUL\uff09\u306b\u51fa\u8cc7\u3001\u7fcc2019\u5e74\u306b\u306f\u3001\u30ab\u30ca\u30c0\u306e\u30af\u30ed\u30ce\u30b9\u30fb\u30b0\u30eb\u30fc\u30d7\u306b\u51fa\u8cc7\u3057\u3001\u540c\u56fd\u306e\u5927\u9ebb\u4e8b\u696d\u306b\u53c2\u5165\u3059\u308b\u306a\u3069\u3001\u5c06\u6765\u3092\u898b\u636e\u3048\u305f\u52d5\u304d\u3082\u53d6\u3063\u3066\u3044\u307e\u3059\uff08\u3082\u3063\u3068\u3082\u30b8\u30e5\u30fc\u30eb\u3078\u306e\u6295\u8cc7\u306f\u9ad8\u5024\u3065\u304b\u307f\u3068\u306a\u3063\u305f\u3088\u3046\u3067\u3001\u5927\u5e45\u306a\u6e1b\u640d\u3092\u5f37\u3044\u3089\u308c\u308b\u3053\u3068\u306b\u306a\u3063\u3066\u3057\u307e\u3044\u307e\u3057\u305f&#x1f4a7;\uff09\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u307e\u305f\u30012019\u5e748\u6708\u306b\u306f\u3001\u3082\u3068\u3082\u3068\u306f\u4e00\u3064\u306e\u4f1a\u793e\u3067\u3042\u3063\u305f\u30a2\u30eb\u30c8\u30ea\u30a2\u3068\u30d5\u30a3\u30ea\u30c3\u30d7\u30fb\u30e2\u30ea\u30b9\u304c\u5408\u4f75\u3059\u308b\u3068\u3044\u3046\u30cb\u30e5\u30fc\u30b9\u304c\u6d41\u308c\u307e\u3057\u305f\u3002\u3057\u304b\u3057\u30019\u6708\u4e0b\u65ec\u306b\u5165\u308a\u3001\u5408\u4f75\u3092\u65ad\u5ff5\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n<div class=\"swell-block-postLink\">\t\t\t<div class=\"p-blogCard -external -noimg\" 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\">\u3042\u308f\u305b\u3066\u8aad\u307f\u305f\u3044<\/span>\n\t\t\t\t\t\t\t\t\t\t<div class=\"p-blogCard__body\">\n\t\t\t\t\t\t<a class=\"p-blogCard__title\" href=\"https:\/\/jp.reuters.com\/article\/altria-m-a-philipmorris-idJPKBN1WA1Z3\" target=\"_blank\" rel=\"noopener noreferrer\">reuters.com<\/a>\n\t\t\t\t\t\t<span class=\"p-blogCard__excerpt\"><\/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<h3 class=\"wp-block-heading\">\u30a2\u30eb\u30c8\u30ea\u30a2\uff08MO\uff09\u306e\u57fa\u672c\u60c5\u5831<\/h3>\n\n\n\n<figure class=\"wp-block-table has-xs-font-size\"><table><tbody><tr><td>\u30bb\u30af\u30bf\u30fc<\/td><td>\u751f\u6d3b\u5fc5\u9700\u54c1\uff08\u305f\u3070\u3053\uff09<\/td><\/tr><tr><td>\u682a\u4fa1\u3000<\/td><td>$46.15<\/td><\/tr><tr><td>2023\u5e74\u4e88\u60f3PER<\/td><td><span class=\"swl-inline-color has-swl-deep-02-color\"><strong>9.1<\/strong><\/span><\/td><\/tr><tr><td>EPS\u6210\u9577\u7387\uff082018\u301c24\uff09\u203b23,24\u5e74\u306f\u4e88\u60f3<\/td><td>4.8\uff05<\/td><\/tr><tr><td>\u914d\u5f53<\/td><td>$3.76\uff08\u56db\u534a\u671f\u3042\u305f\u308a$0.94\uff09<\/td><\/tr><tr><td>\u914d\u5f53\u5229\u56de\u308a<\/td><td><span class=\"swl-inline-color has-swl-deep-02-color\"><strong>8.15%<\/strong><\/span><\/td><\/tr><tr><td>\u9023\u7d9a\u5897\u914d<\/td><td>53\u5e74<\/td><\/tr><tr><td>S&amp;P\u683c\u4ed8\u3051<\/td><td>BBB<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\">2023\/3\/1\u73fe\u5728<\/figcaption><\/figure>\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\">\u30a2\u30eb\u30c8\u30ea\u30a2\uff08MO\uff09\u306e\u696d\u7e3e<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><small>\u203b\u30b0\u30e9\u30d5\u306fIR\u30c7\u30fc\u30bf\u3088\u308a\u4f5c\u6210<\/small><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u53ce\u76ca\uff08\u58f2\u4e0a\u9ad8\uff09\u3001\u55b6\u696d\u5229\u76ca\u3001\u7d14\u5229\u76ca<\/h3>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><img decoding=\"async\" width=\"543\" height=\"365\" src=\"https:\/\/yutan-investment.com\/wp-content\/uploads\/2022\/06\/MO-Revenue-2008-21.png\" alt=\"MO Revenue 2008-21\" class=\"wp-image-7438\" srcset=\"https:\/\/yutan-investment.com\/wp-content\/uploads\/2022\/06\/MO-Revenue-2008-21.png 543w, https:\/\/yutan-investment.com\/wp-content\/uploads\/2022\/06\/MO-Revenue-2008-21-300x202.png 300w\" sizes=\"(max-width: 543px) 100vw, 543px\" \/><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\">\u53ce\u76ca\u306f\u6a2a\u3070\u3044\u3067\u63a8\u79fb\u3057\u3066\u304a\u308a\u3001<span class=\"swl-marker mark_orange\">5\u5e74\u5e73\u5747\u6210\u9577\u7387\u306f\u308f\u305a\u304b<span class=\"swl-inline-color has-swl-deep-01-color\"><strong>+0.21%<\/strong><\/span>\u306b\u3068\u3069\u307e\u3063\u3066\u3044\u307e\u3059\u3002<\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">2021\u5e74\u306e\u30c7\u30fc\u30bf\u3067\u898b\u308b\u3068\u3001\u53ce\u76ca\u306e\u5185\u8a33\u306f\u4e00\u822c\u7684\u306a\u305f\u3070\u3053\uff08\u30de\u30fc\u30eb\u30dc\u30ed\u306a\u3069\uff09\u304c\u7d0488\uff05\u3001\u30aa\u30fc\u30e9\u30eb\u305f\u3070\u3053\uff08\u7121\u7159\u305f\u3070\u3053\uff09\u304c\u7d0410\uff05\u3067\u3059\u3002\u53ce\u76ca\u306b\u5360\u3081\u308b\u5272\u5408\u306f\u308f\u305a\u304b1.8\uff05\u3067\u3059\u304c\u3001\u30ef\u30a4\u30f3\u4e8b\u696d\u3082\u884c\u3063\u3066\u3044\u307e\u3059\u3002\u52a0\u71b1\u5f0f\u305f\u3070\u3053\u306a\u3069\u3001\u6b21\u4e16\u4ee3\u306e\u305f\u3070\u3053\u306e\u53ce\u76ca\u306f\u3054\u304f\u308f\u305a\u304b\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4ed6\u65b9\u3001\u55b6\u696d\u5229\u76ca\u7387\u306f\u88fd\u54c1\u306e\u8ca9\u58f2\u30b3\u30b9\u30c8\u304c\u4f4e\u4e0b\u3057\u3066\u3044\u308b\u3053\u3068\u3082\u3042\u308a\u30012019\u5e74\u306b\u306f40%\u3092\u7a81\u7834\u3057\u3001\u6570\u5024\u306f\u5f90\u3005\u306b\u5207\u308a\u4e0a\u304c\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u7d14\u5229\u76ca\u304c\u904e\u53bb3\u5e74\u601d\u308f\u3057\u304f\u3042\u308a\u307e\u305b\u3093\u304c\u3001\u4fdd\u6709\u682a\u306eJUUL\uff08\u30b8\u30e5\u30fc\u30eb\uff09\u3084\u3001\u9152\u985e\u30e1\u30fc\u30ab\u30fc\u306e\u30a2\u30f3\u30cf\u30a4\u30b6\u30fc\u30fb\u30d6\u30c3\u30b7\u30e5\u30fb\u30a4\u30f3\u30d9\u30d6\u306e\u6e1b\u640d\u51e6\u7406\u306b\u3088\u308b\u3082\u306e\u3067\u3001\u4e00\u6642\u7684\u306a\u8981\u56e0\u3067\u3059\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">\u6e1b\u5c11\u3059\u308b\u305f\u3070\u3053\u306e\u51fa\u8377\u91cf<\/h4>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><img decoding=\"async\" width=\"560\" height=\"325\" src=\"https:\/\/yutan-investment.com\/wp-content\/uploads\/2022\/06\/Mo-Tobacco-Shipment-Volume-2010-21-e1654428645677.png\" alt=\"Mo Tobacco Shipment Volume 2010-21\" class=\"wp-image-7446\"\/><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\"><br>\u30a2\u30eb\u30c8\u30ea\u30a2\u306e\u305f\u3070\u3053\u306e\u51fa\u8377\u91cf\u306f\u5e74\u3005\u6e1b\u5c11\u50be\u5411\u306b\u3042\u308a\u307e\u3059\u3002<span class=\"swl-marker mark_orange\">\u3053\u306e11\u5e74\u9593\u3067\u3001\u51fa\u8377\u91cf\u306f<span class=\"swl-inline-color has-swl-deep-01-color\"><strong>\u7d0433\uff05\u6e1b\u5c11<\/strong><\/span>\u3057\u307e\u3057\u305f\u3002\u3057\u304b\u3057\u3001\u51fa\u8377\u91cf\u306e\u6e1b\u5c11\u307b\u3069\u306b\u53ce\u76ca\u306f\u843d\u3061\u8fbc\u3093\u3067\u3044\u307e\u305b\u3093\u3002\u3064\u307e\u308a\u3001\u51fa\u8377\u91cf\u306e\u6e1b\u5c11\u3092\u5024\u4e0a\u3052\u3067\u88dc\u3063\u3066\u3044\u308b\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u3002<\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u30a2\u30e1\u30ea\u30ab\u306b\u304a\u3051\u308b\u305f\u3070\u3053\u9700\u8981\u306e\u6e1b\u5c11\u4ee5\u5916\u306b\u3082\u30de\u30a4\u30ca\u30b9\u8981\u56e0\u306f\u3042\u308a\u307e\u3059\u3002\u30d6\u30ea\u30c6\u30a3\u30c3\u30b7\u30e5\u30fb\u30a2\u30e1\u30ea\u30ab\u30f3\u30fb\u30bf\u30d0\u30b3\u306e\u9298\u67c4\u5206\u6790\u8a18\u4e8b\u3067\u3082\u66f8\u3044\u305f\u3088\u3046\u306b\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\u3044\u308b\u70b9\u3067\u3059\u306d\u3002<\/p>\n\n\n<div class=\"swell-block-postLink\">\t\t\t<div class=\"p-blogCard -internal\" data-type=\"type1\" data-onclick=\"clickLink\">\n\t\t\t\t<div class=\"p-blogCard__inner\">\n\t\t\t\t\t<span class=\"p-blogCard__caption\">\u3042\u308f\u305b\u3066\u8aad\u307f\u305f\u3044<\/span>\n\t\t\t\t\t<div class=\"p-blogCard__thumb c-postThumb\"><figure class=\"c-postThumb__figure\"><img decoding=\"async\" src=\"https:\/\/yutan-investment.com\/wp-content\/uploads\/2019\/07\/Tobacco-Image0-300x200.jpg\" 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:\/\/yutan-investment.com\/?p=1284\" target=\"_blank\" rel=\"noopener noreferrer\">\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&#8230;<\/a>\n\t\t\t\t\t\t<span class=\"p-blogCard__excerpt\">\u3010\u66f4\u65b0\u60c5\u5831\u3011\uff082022\/3\/19\uff092021\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 \u3086\u30fc\u305f\u3093\u3067\u3059\u266a \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&#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 class=\"wp-block-paragraph\">\u30e1\u30f3\u30bd\u30fc\u30eb\u305f\u3070\u3053\u304c\u7981\u6b62\u3055\u308c\u308b\u307e\u3067\u306b\u306f\u307e\u3060\u6642\u9593\u304c\u304b\u304b\u308a\u307e\u3059\u304c\u3001\u4eee\u306b\u7981\u6b62\u3055\u308c\u305f\u3068\u3057\u3066\u3001\u30e6\u30fc\u30b6\u30fc\u3092\u5225\u306e\u305f\u3070\u3053\u306b\u3057\u3063\u304b\u308a\u3068\u7e4b\u304e\u3068\u3081\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u304b\u3069\u3046\u304b\u306f\u6ce8\u76ee\u3059\u3079\u304d\u70b9\u3060\u3068\u8003\u3048\u307e\u3059\u3002\u3082\u3063\u3068\u3082\u3001\u305f\u3070\u3053\u696d\u754c\u3078\u306e\u6295\u8cc7\u3067\u3053\u3046\u3057\u305f\u30ea\u30b9\u30af\u306f\u4ed8\u304d\u3082\u306e\u306a\u306e\u3067\u3001\u500b\u4eba\u7684\u306b\u306f\u305d\u3053\u307e\u3067\u5fc3\u914d\u3057\u3066\u3044\u307e\u305b\u3093\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<h4 class=\"wp-block-heading\">\u30a2\u30e1\u30ea\u30ab\u306b\u304a\u3051\u308bIQOS\u306e\u8ca9\u58f2\u505c\u6b62<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">\u65e5\u672c\u3067\u5927\u304d\u306a\u30b7\u30a7\u30a2\u3092\u7372\u5f97\u3057\u3066\u3044\u308b\u52a0\u71b1\u5f0f\u305f\u3070\u3053\u306e<strong>IQOS<\/strong>\uff08<strong>\u30a2\u30a4\u30b3\u30b9<\/strong>\uff09\u30022019\u5e74\u306b\u30a2\u30e1\u30ea\u30ab\u3067\u8ca9\u58f2\u958b\u59cb\u304c\u8a8d\u3081\u3089\u308c\u3001\u30a2\u30eb\u30c8\u30ea\u30a2\u306f\u30d5\u30a3\u30ea\u30c3\u30d7\u30e2\u30ea\u30b9\u793e\u3068\u306e\u72ec\u5360\u30e9\u30a4\u30bb\u30f3\u30b9\u5951\u7d04\u306b\u57fa\u3065\u3044\u3066IQOS\u306e\u8ca9\u58f2\u3092\u958b\u59cb\u3057\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3057\u304b\u3057\u30012020\u5e74\u306b\u30d6\u30ea\u30c6\u30a3\u30c3\u30b7\u30e5\u30fb\u30a2\u30e1\u30ea\u30ab\u30f3\u30fb\u30bf\u30d0\u30b3\u304c\u7279\u8a31\u4fb5\u5bb3\u8a34\u8a1f\u3092\u8d77\u3053\u3057\u300121\u5e749\u6708\u306b\u3001\u30a2\u30e1\u30ea\u30ab\u306e\u56fd\u969b\u8cbf\u6613\u59d4\u54e1\u4f1a\uff08ITC\uff09\u304cIQOS\u306e\u8f38\u5165\u5dee\u3057\u6b62\u3081\u3092\u547d\u3058\u305f\u305f\u3081\u3001\u73fe\u5728\u306f\u30a2\u30e1\u30ea\u30ab\u3067IQOS\u306f\u8ca9\u58f2\u3055\u308c\u3066\u3044\u307e\u305b\u3093\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u30d5\u30a3\u30ea\u30c3\u30d7\u30e2\u30ea\u30b9\u793e\u306f\u4e0a\u8a34\u306e\u307b\u304b\u3001IQOS\u3092\u30a2\u30e1\u30ea\u30ab\u56fd\u5185\u3067\u88fd\u9020\u3059\u308b\u304b\u3001\u5546\u54c1\u69cb\u9020\u3092\u5fae\u8abf\u6574\u3059\u308b\u304b\u306e\u9078\u629e\u3092\u8feb\u3089\u308c\u307e\u3059\u3002IQOS\u304c\u30a2\u30e1\u30ea\u30ab\u5e02\u5834\u306b\u518d\u5c0e\u5165\u3055\u308c\u308b\u306e\u306f\u30012023\u5e74\u524d\u534a\u3054\u308d\u306b\u306a\u308a\u305d\u3046\u3067\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">EPS\u3001BPS<\/h3>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><img decoding=\"async\" width=\"543\" height=\"368\" src=\"https:\/\/yutan-investment.com\/wp-content\/uploads\/2022\/06\/MO-EPS-ROE-2008-21.png\" alt=\"MO EPS ROE 2008-21\" class=\"wp-image-7439\" srcset=\"https:\/\/yutan-investment.com\/wp-content\/uploads\/2022\/06\/MO-EPS-ROE-2008-21.png 543w, https:\/\/yutan-investment.com\/wp-content\/uploads\/2022\/06\/MO-EPS-ROE-2008-21-300x203.png 300w\" sizes=\"(max-width: 543px) 100vw, 543px\" \/><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\">EPS\u306f\u4fdd\u6709\u682a\u306e\u6e1b\u640d\u306a\u3069\u4e00\u6642\u7684\u306a\u8981\u56e0\u3092\u53d6\u308a\u9664\u3044\u305fAdjusted EPS\u306e\u6570\u5024\u3067\u30b0\u30e9\u30d5\u3092\u4f5c\u6210\u3057\u3066\u3044\u307e\u3059\u3002<span class=\"swl-marker mark_blue\">5\u5e74\u5e73\u5747\u6210\u9577\u7387\uff082016\u301c21\uff09\u306f<span class=\"swl-inline-color has-swl-deep-02-color\"><strong>+8.8%<\/strong><\/span>\u3068\u5805\u8abf\u3067\u3059\u3002<\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">BPS\u306f2018\u5e74\u4ee5\u964d\u6e1b\u5c11\u3057\u3066\u304a\u308a\u300121\u5e74\u306b\u306f\u30de\u30a4\u30ca\u30b9\uff08\u50b5\u52d9\u8d85\u904e\uff09\u3068\u306a\u3063\u3066\u3044\u307e\u3059\uff08\u540c\u696d\u4ed6\u793e\u306e\u30d5\u30a3\u30ea\u30c3\u30d7\u30fb\u30e2\u30ea\u30b9\u3082\u50b5\u52d9\u8d85\u904e\u3067\u3059\uff09\u3002\u3082\u3063\u3068\u3082\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306f\u6f64\u6ca2\u3067\u3059\u306e\u3067\u3001\u3042\u307e\u308a\u5fc3\u914d\u306f\u3044\u3089\u306a\u3044\u304b\u3068\u601d\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\">\n<figure class=\"aligncenter\"><img decoding=\"async\" width=\"543\" height=\"368\" src=\"https:\/\/yutan-investment.com\/wp-content\/uploads\/2022\/06\/MO-CF-2008-21.png\" alt=\"MO CF 2008-21\" class=\"wp-image-7441\" srcset=\"https:\/\/yutan-investment.com\/wp-content\/uploads\/2022\/06\/MO-CF-2008-21.png 543w, https:\/\/yutan-investment.com\/wp-content\/uploads\/2022\/06\/MO-CF-2008-21-300x203.png 300w\" sizes=\"(max-width: 543px) 100vw, 543px\" \/><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\"><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<strong>\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc<\/strong>\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\u304a\u308a\u3001\u914d\u5f53\u3084\u81ea\u793e\u682a\u8cb7\u3044\u306a\u3069\u306e\u5f62\u3067\u6295\u8cc7\u5bb6\u306b\u624b\u539a\u3044\u9084\u5143\u304c\u53ef\u80fd\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u53ce\u76ca\u3092\u3069\u308c\u3060\u3051\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306b\u5909\u63db\u3067\u304d\u3066\u3044\u308b\u304b\u3092\u6e2c\u308b\u6307\u6a19\u3067\u3042\u308b\u55b6\u696dCF\u30de\u30fc\u30b8\u30f3\uff08\u55b6\u696dCF\/\u53ce\u76ca\uff09\u306f\u4e0a\u6607\u50be\u5411\u3067\u30012018\u5e74\u306b\u306f30\uff05\u3092\u7a81\u7834\u3057\u3066\u3044\u307e\u3059\u3002<\/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\">\u30a2\u30eb\u30c8\u30ea\u30a2\uff08MO\uff09\u306e\u914d\u5f53\u30fb\u5897\u914d\u7387<\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><img decoding=\"async\" width=\"543\" height=\"368\" src=\"https:\/\/yutan-investment.com\/wp-content\/uploads\/2022\/06\/MO-Dividend-2008-21.png\" alt=\"MO Dividend 2008-21\" class=\"wp-image-7442\" srcset=\"https:\/\/yutan-investment.com\/wp-content\/uploads\/2022\/06\/MO-Dividend-2008-21.png 543w, https:\/\/yutan-investment.com\/wp-content\/uploads\/2022\/06\/MO-Dividend-2008-21-300x203.png 300w\" sizes=\"(max-width: 543px) 100vw, 543px\" \/><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\"><br>2008\u5e74\u304b\u308909\u5e74\u306b\u304b\u3051\u3066\u3001\u898b\u304b\u3051\u4e0a\u306f\u6e1b\u914d\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u304c\u3001\u3053\u308c\u306f\u300108\u5e743\u6708\u306b\u6d77\u5916\u90e8\u9580\u3092\u30d5\u30a3\u30ea\u30c3\u30d7\u30fb\u30e2\u30ea\u30b9\u3068\u3057\u3066\u5206\u793e\u5316\u3057\u3066\u3001\u540c\u793e\u682a\u3092\u5272\u308a\u5f53\u3066\u3066\u3044\u308b\u3053\u3068\u306b\u3088\u308b\u3082\u306e\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u30d5\u30a3\u30ea\u30c3\u30d7\u30fb\u30e2\u30ea\u30b9\u306e\u914d\u5f53\u3068\u5408\u308f\u305b\u308b\u3068\u30012008\u219209\u5e74\u3082\u914d\u5f53\u304c\u5897\u52a0\u3057\u3066\u3044\u308b\u3053\u3068\u304b\u3089\u3001<span class=\"pink_line\"><span class=\"swl-marker mark_blue\">1970\u5e74\u4ee5\u6765\u7d9a\u304f\u9023\u7d9a\u5897\u914d\u8a18\u9332\u306f\u7dad\u6301\u3055\u308c\u3066\u304a\u308a\u3001<span class=\"swl-inline-color has-swl-deep-02-color\"><strong>53\u5e74\u9023\u7d9a\u5897\u914d\u306e\u5b9f\u7e3e<\/strong><\/span>\u3092\u8a87\u308a\u307e\u3059\u3002<\/span><\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Adjusted EPS\u3067\u307f\u305f\u914d\u5f53\u6027\u5411\u306f70%\u53f0\u4e2d\u76e4\u3067\u5b89\u5b9a\u7684\u306b\u63a8\u79fb\u3057\u3066\u304a\u308a\u3001\u975e\u5e38\u306b\u3088\u304f\u30b3\u30f3\u30c8\u30ed\u30fc\u30eb\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u306a\u304a\u3001\u30a2\u30eb\u30c8\u30ea\u30a2\u306e\u914d\u5f53\u6a29\u5229\u843d\u3061\u65e5\u306f3\u30016\u30019\u300112\u6708\u3067\u3001\u914d\u5f53\u5165\u91d1\u65e5\u306f1\u30014\u30017\u300110\u6708\u3067\u3059\uff084\u6708\u5206\u306f\u672b\u65e5\u5165\u91d1\u306a\u306e\u3067\u3001\u65e5\u672c\u306e\u6295\u8cc7\u5bb6\u306f5\u6708\u982d\u306b\u53d7\u3051\u53d6\u308b\u30b1\u30fc\u30b9\u304c\u591a\u3044\u3068\u601d\u308f\u308c\u307e\u3059\uff09\u3002<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><img decoding=\"async\" width=\"543\" height=\"365\" src=\"https:\/\/yutan-investment.com\/wp-content\/uploads\/2022\/06\/MO-Dividend-Increase-2010-21.png\" alt=\"MO Dividend Increase 2010-21\" class=\"wp-image-7444\" srcset=\"https:\/\/yutan-investment.com\/wp-content\/uploads\/2022\/06\/MO-Dividend-Increase-2010-21.png 543w, https:\/\/yutan-investment.com\/wp-content\/uploads\/2022\/06\/MO-Dividend-Increase-2010-21-300x202.png 300w\" sizes=\"(max-width: 543px) 100vw, 543px\" \/><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\">\u30a2\u30eb\u30c8\u30ea\u30a2\u306f\u5e74\u5ea6\u9014\u4e2d\u306e8\u6708\u306b\u5897\u914d\u3092\u767a\u8868\u3057\u30019\u6708\u652f\u6255\u3044\u5206\u304b\u3089\u5897\u914d\u304c\u53cd\u6620\u3055\u308c\u307e\u3059\u3002<span class=\"swl-marker mark_blue\">2021\u5e748\u6708\u306b\u306f\u56db\u534a\u671f\u3042\u305f\u308a<span class=\"swl-inline-color has-swl-deep-02-color\"><strong>0.86\u30c9\u30eb\u304b\u30890.90\u30c9\u30eb\u3078\u306e\u5897\u914d\uff08+4.6\uff05\uff09<\/strong><\/span>\u3092\u767a\u8868\u3057\u307e\u3057\u305f<\/span>\uff08\u30b0\u30e9\u30d5\u306e\u5897\u914d\u7387\u306f\u5e74\u6b21\u30da\u30fc\u30b9\u3067\u30ab\u30a6\u30f3\u30c8\u3057\u3066\u3044\u308b\u305f\u3081\u3001\u6570\u5024\u304c\u7570\u306a\u308a\u307e\u3059\uff09\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Adjusted EPS\u3067\u307f\u305f\u914d\u5f53\u6027\u5411\u304c\u307b\u307c\u4e00\u5b9a\u3067\u3042\u308b\u3053\u3068\u304b\u3089\u3082\u308f\u304b\u308b\u3088\u3046\u306b\u3001Adjusted EPS\u306e\u4f38\u3073\uff1d\u5897\u914d\u7387\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u30022018\u5e74\u306e+18.1%\u306e\u5897\u914d\u3082\u3042\u308a\u3001<span class=\"swl-marker mark_blue\">5\u5e74\u5e73\u5747\u5897\u914d\u7387\u306f<span class=\"swl-inline-color has-swl-deep-02-color\"><strong>+8.4%<\/strong><\/span>\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u304c\u3001<\/span><span class=\"swl-marker mark_orange\">\u3053\u30532\u5e74\u306e\u5897\u914d\u7387\u306f3%\u53f0\u3068\u3084\u3084\u5fc3\u3082\u3068\u306a\u3044\u3067\u3059\u3002<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u30a2\u30eb\u30c8\u30ea\u30a2\uff08MO\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\uff081993\/1\uff5e\uff09<\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"700\" height=\"437\" src=\"https:\/\/yutan-investment.com\/wp-content\/uploads\/2022\/06\/SPY_2022-06-05_18-59-16.png\" alt=\"\" class=\"wp-image-7443\" srcset=\"https:\/\/yutan-investment.com\/wp-content\/uploads\/2022\/06\/SPY_2022-06-05_18-59-16.png 700w, https:\/\/yutan-investment.com\/wp-content\/uploads\/2022\/06\/SPY_2022-06-05_18-59-16-300x187.png 300w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\u30a2\u30eb\u30c8\u30ea\u30a2\u306e\u904e\u53bb5\u5e74\u5e73\u5747\uff082016\u301c21\uff09\u306e\u5e74\u7387\u30ea\u30bf\u30fc\u30f3\u306f-0.8%\uff08S&amp;P 500\uff1a+18.5%\uff09\u3068\u60b2\u60e8\u306a\u3082\u306e\u3067\u3057\u305f\u304c\u30011993\u5e74\u4ee5\u964d\u306e\u30c8\u30fc\u30bf\u30eb\u30ea\u30bf\u30fc\u30f3\u3067\u307f\u308b\u3068\u3001\u4f9d\u7136\u3068\u3057\u3066S&amp;P 500\u3092\u5927\u304d\u304f\u4e0a\u56de\u3063\u3066\u3044\u308b\u3053\u3068\u304c\u308f\u304b\u308a\u307e\u3059&#x2728;<\/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>\u5be1\u5360\u5e02\u5834\u3067\u3042\u308a\u3001\u30d3\u30b8\u30cd\u30b9\u30e2\u30c7\u30eb\u306f\u5b89\u5b9a\u7684\u3002\u53ce\u76ca\u306e\u5927\u534a\u306f\u7d19\u5dfb\u304d\u305f\u3070\u3053<\/li>\n\n\n\n<li>\u305f\u3070\u3053\u306e\u51fa\u8377\u91cf\u306f11\u5e74\u9593\u3067\u7d0433%\u6e1b\u5c11\u3002IQOS\u306e\u8ca9\u58f2\u4e2d\u6b62\u3084\u3001\u30e1\u30f3\u30bd\u30fc\u30eb\u305f\u3070\u3053\u306e\u8ca9\u58f2\u7981\u6b62\u65b9\u91dd\u304c\u793a\u3055\u308c\u308b\u306a\u3069\u306e\u9006\u98a8\u3082<\/li>\n\n\n\n<li>50\u5e74\u3092\u8d85\u3048\u308b\u9023\u7d9a\u5897\u914d\u306e\u5b9f\u7e3e\u304c\u3042\u308a\u3001\u914d\u5f53\u6027\u5411\u306f\u5b89\u5b9a\u3002\u30db\u30eb\u30c0\u30fc\u306b\u3068\u3063\u3066\u306f\u3001\u4f1a\u793e\u767a\u8868\u306eEPS\u304c\u6210\u9577\u3057\u3066\u3044\u308b\u304b\u304c\u91cd\u8981<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">\u79c1\u306f\u30a2\u30eb\u30c8\u30ea\u30a2\uff08MO\uff09\u3092\u4fdd\u6709\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">2019\u5e742\u301c9\u6708\u306b\u304b\u3051\u3066\u8cb7\u3044\u5897\u3057\u307e\u3057\u305f\u300255\u30c9\u30eb\u4ee5\u4e0b\u306e\u682a\u4fa1\u6c34\u6e96\u3067\u306f\u9b45\u529b\u7684\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u304c\u30012022\u5e74\u306f\u4ed6\u306b\u682a\u4fa1\u304c\u5927\u304d\u304f\u4e0b\u843d\u3057\u3066\u3044\u308b\u9298\u67c4\u3082\u3042\u308a\u307e\u3059\uff08\u30a2\u30eb\u30c8\u30ea\u30a2\u306f\u3080\u3057\u308d\u5e74\u521d\u6765\u3067\u682a\u4fa1\u304c\u4e0a\u6607\u3057\u3066\u3044\u307e\u3059\uff09\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u79c1\u500b\u4eba\u3068\u3057\u3066\u306f\u3001\u30dd\u30b8\u30b7\u30e7\u30f3\u30b5\u30a4\u30ba\u306e\u4e0a\u9650\u306b\u9054\u3057\u3066\u304a\u308a\u3001\u9ad8\u914d\u5f53\u682aETF\u306e<a href=\"https:\/\/yutan-investment.com\/?p=826\" target=\"_blank\" rel=\"noopener\">SPYD<\/a>\u306e\u69cb\u6210\u9298\u67c4\u306b\u3082\u306a\u3063\u3066\u3044\u308b\u305f\u3081\u3001\u3053\u308c\u4ee5\u4e0a\u306e\u8cb7\u3044\u5897\u3057\u306f\u4e88\u5b9a\u3057\u3066\u3044\u307e\u305b\u3093\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span class=\"swl-marker mark_yellow\">\u305f\u3070\u3053\u306e\u51fa\u8377\u91cf\u306f\u5e74\u3005\u6e1b\u5c11\u3057\u3066\u3044\u308b\u3053\u3068\u304b\u3089\u3001\u5148\u884c\u304d\u306f\u697d\u89b3\u8996\u3067\u304d\u307e\u305b\u3093\u304c\u3001<strong>\u30d3\u30b8\u30cd\u30b9\u30e2\u30c7\u30eb\u81ea\u4f53\u306f\u975e\u5e38\u306b\u5b89\u5b9a<\/strong>\u3057\u3066\u3044\u307e\u3059\u3002<\/span>\u307e\u305f\u3001\u96fb\u5b50\u305f\u3070\u3053\u3084\u5927\u9ebb\u4e8b\u696d\u3078\u306e\u51fa\u8cc7\u306a\u3069\u3001\u5c06\u6765\u3092\u898b\u636e\u3048\u305f\u6295\u8cc7\u3082\u7a4d\u6975\u7684\u306b\u884c\u3063\u3066\u3044\u308b\u70b9\u3082\u597d\u5370\u8c61\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">20\u301c30\u5e74\u5f8c\u3001\u305f\u3070\u3053\u306e\u9700\u8981\u306f\u9593\u9055\u3044\u306a\u304f\u6e1b\u5c11\u3057\u3066\u3044\u308b\u3067\u3057\u3087\u3046\u304c\u3001\u305f\u3070\u3053\u7523\u696d\u305d\u306e\u3082\u306e\u304c\u306a\u304f\u306a\u308b\u3068\u307e\u3067\u306f\u8003\u3048\u3066\u3044\u307e\u305b\u3093\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">EPS\u304c\u6301\u7d9a\u7684\u306b\u6210\u9577\u3057\u3066\u3044\u308b\u3046\u3061\u306f\u5fc3\u914d\u3044\u3089\u306a\u3044\u304b\u3068\u601d\u3044\u307e\u3059\u3002\u5c06\u6765\u7684\u306b\u306f\u30d5\u30a3\u30ea\u30c3\u30d7\u30fb\u30e2\u30ea\u30b9\u793e\u3068\u306e\u518d\u5408\u4f75\u3082\u671f\u5f85\u3057\u3066\u3044\u307e\u3059&#x2728;<\/p>\n\n\n\n<p class=\"has-xs-font-size wp-block-paragraph\">\u60c5\u5831\u958b\u793a\uff1a\u3053\u306e\u8a18\u4e8b\u306f\u79c1\u81ea\u8eab\u304c\u66f8\u3044\u305f\u3082\u306e\u3067\u3042\u308a\u3001\u79c1\u306e\u610f\u898b\u3092\u8868\u3057\u3066\u3044\u307e\u3059\u3002\u79c1\u306f\u3053\u306e\u8a18\u4e8b\u304b\u3089\u5831\u916c\u3092\u53d7\u3051\u53d6\u3063\u3066\u304a\u3089\u305a\u3001\u3053\u306e\u8a18\u4e8b\u3067\u8a00\u53ca\u3055\u308c\u3066\u3044\u308b\u4f1a\u793e\u3068\u76f4\u63a5\u306e\u30d3\u30b8\u30cd\u30b9\u95a2\u4fc2\u306f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u3010\u66f4\u65b0\u60c5\u5831\u3011\uff082022\/6\/6\uff092021\u5e74\u306e\u696d\u7e3e\u3092\u53cd\u6620\u3002\u8a18\u4e8b\u30ea\u30e9\u30a4\u30c8\u3002 \u3086\u30fc\u305f\u3093\u3067\u3059\u266a \u9ad8\u53ce\u76ca\u3001\u9ad8\u914d\u5f53\u306a\u305f\u3070\u3053\u30e1\u30fc\u30ab\u30fc\u3001\u30a2\u30eb\u30c8\u30ea\u30a2\uff08Altria\u3001\u30c6\u30a3\u30c3\u30ab\u30fc\uff1aMO\uff09\u306e\u9298\u67c4\u5206\u6790\u3067\u3059\u266a \u30a2\u30eb\u30c8\u30ea\u30a2\uff08MO\uff09\u3063\u3066\u3069\u3093\u306a\u4f1a\u793e\uff1f \uff08 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4990,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"yes","_lmt_disable":"","swell_btn_cv_data":"","footnotes":""},"categories":[9],"tags":[39],"class_list":["post-1298","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-2-","tag-consumer-staples"],"modified_by":"yutan","_links":{"self":[{"href":"https:\/\/yutan-investment.com\/index.php?rest_route=\/wp\/v2\/posts\/1298","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/yutan-investment.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/yutan-investment.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/yutan-investment.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/yutan-investment.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1298"}],"version-history":[{"count":3,"href":"https:\/\/yutan-investment.com\/index.php?rest_route=\/wp\/v2\/posts\/1298\/revisions"}],"predecessor-version":[{"id":8408,"href":"https:\/\/yutan-investment.com\/index.php?rest_route=\/wp\/v2\/posts\/1298\/revisions\/8408"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/yutan-investment.com\/index.php?rest_route=\/wp\/v2\/media\/4990"}],"wp:attachment":[{"href":"https:\/\/yutan-investment.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1298"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/yutan-investment.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1298"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/yutan-investment.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1298"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}