{"id":9211,"date":"2023-04-12T08:45:58","date_gmt":"2023-04-11T23:45:58","guid":{"rendered":"https:\/\/yutan-investment.com\/?p=9211"},"modified":"2023-04-12T08:46:00","modified_gmt":"2023-04-11T23:46:00","slug":"%e3%80%90kmb%e3%80%91%ef%bc%88%e3%82%ad%e3%83%b3%e3%83%90%e3%83%aa%e3%83%bc%e3%82%af%e3%83%a9%e3%83%bc%e3%82%af%ef%bc%89%e3%80%9c%e9%85%8d%e5%bd%93%e7%8e%8b%e3%81%ae%e5%a4%a7%e6%89%8b%e5%ae%b6","status":"publish","type":"post","link":"https:\/\/yutan-investment.com\/?p=9211","title":{"rendered":"\u3010KMB\u3011\uff08\u30ad\u30f3\u30d0\u30ea\u30fc\u30af\u30e9\u30fc\u30af\uff09\u301c\u914d\u5f53\u738b\u306e\u5927\u624b\u5bb6\u5ead\u7528\u54c1\u30fb\u30d1\u30fc\u30bd\u30ca\u30eb\u30b1\u30a2\u4f01\u696d\uff01\u301c"},"content":{"rendered":"\n<p>\u3086\u30fc\u305f\u3093\u3067\u3059\u3002\u5927\u624b\u5bb6\u5ead\u7528\u54c1\u30fb\u30d1\u30fc\u30bd\u30ca\u30eb\u30b1\u30a2\u4f01\u696d\u3067\u3042\u308b\u3001\u30ad\u30f3\u30d0\u30ea\u30fc\u30af\u30e9\u30fc\u30af\u306e\u9298\u67c4\u5206\u6790\u3067\u3059&#x1f3b5;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u30ad\u30f3\u30d0\u30ea\u30fc\u30af\u30e9\u30fc\u30af\u3063\u3066\u3069\u3093\u306a\u4f1a\u793e\uff1f<\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"700\" height=\"467\" src=\"https:\/\/yutan-investment.com\/wp-content\/uploads\/Household-Goods-Image-1.jpg\" alt=\"\" class=\"wp-image-9244\"\/><figcaption class=\"wp-element-caption\">\uff08Featured image by\uff1aShutterstock\uff09<\/figcaption><\/figure>\n\n\n\n<p><strong>\u30ad\u30f3\u30d0\u30ea\u30fc\u30af\u30e9\u30fc\u30af<\/strong>\uff08<strong>Kimberly-Clark<\/strong>\u3001\u30c6\u30a3\u30c3\u30ab\u30fc\uff1a<strong>KMB<\/strong>\uff09\u306f\u3001\u30c6\u30ad\u30b5\u30b9\u5dde\u30a2\u30fc\u30d3\u30f3\u30b0\u306b\u672c\u793e\u3092\u7f6e\u304d\u3001\u4e3b\u306b\u30c6\u30a3\u30c3\u30b7\u30e5\u3001\u30c8\u30a4\u30ec\u30c3\u30c8\u30da\u30fc\u30d1\u30fc\u3084\u304a\u3080\u3064\u306a\u3069\u306e\u7d19\u88fd\u54c1\u3092\u8ca9\u58f2\u3057\u3066\u3044\u308b\u4f01\u696d\u3067\u3059\u3002<\/p>\n\n\n\n<p>\u65e5\u672c\u3067\u306e\u77e5\u540d\u5ea6\u306f\u305d\u3053\u307e\u3067\u3067\u3082\u306a\u3044\u304b\u3068\u601d\u3044\u307e\u3059\u304c\u30012022\u5e74\u306e\u58f2\u4e0a\u9ad8\u306f<strong>\u7d04202\u5104\u30c9\u30eb<\/strong>\u3067\u3059\u3002\u5bb6\u5ead\u7528\u54c1\u6700\u5927\u624b\u306eP&amp;G\uff08\u7d04802\u5104\u30c9\u30eb\uff09\u3068\u6bd4\u8f03\u3059\u308b\u3068\u305d\u306e\u5dee\u306f\u5927\u304d\u3044\u3067\u3059\u304c\u3001<span class=\"swl-marker mark_yellow\">\u305d\u308c\u3067\u3082\u5bb6\u5ead\u7528\u54c1\u7523\u696d\u30b0\u30eb\u30fc\u30d7\u3067\u306f2\u756a\u624b\u306e\u58f2\u4e0a\u9ad8\u3001\u6642\u4fa1\u7dcf\u984d\u3067\u3082PG\u306f\u5225\u683c\u306b\u3057\u3066\u3082\u3001CL\uff08\u30b3\u30eb\u30b2\u30fc\u30c8\u30fb\u30d1\u30fc\u30e2\u30ea\u30fc\u30d6\uff09\u3001RBGLY\uff08\u30ec\u30ad\u30c3\u30c8\u30fb\u30d9\u30f3\u30ad\u30fc\u30b6\u30fc\uff09\u306b\u6b21\u3044\u30674\u756a\u624b\u3067\u3059\u3002<\/span><\/p>\n\n\n\n<p>\u65e5\u672c\u56fd\u5185\u306e\u5bb6\u5ead\u7528\u54c1\u6700\u5927\u624b\u306f\u82b1\u738b\u3067\u3059\u304c\u30012022\u5e74\u306e\u58f2\u4e0a\u9ad8\u306f1.55\u5146\u5186\u3067\u3059\u3057\u3001\u88fd\u7d19\u696d\u754c\u6700\u5927\u624b\u306e\u738b\u5b50HD\u30671.47\u5146\u5186\uff082022\u5e743\u6708\u671f\uff09\u3067\u3059\u304b\u3089\u3001\u305d\u306e\u898f\u6a21\u306e\u5927\u304d\u3055\u304c\u308f\u304b\u308b\u304b\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u30d6\u30e9\u30f3\u30c9\u3067\u3059\u304c\u3001<span class=\"swl-marker mark_yellow\">\u65e5\u672c\u3067\u306f\u3001\u30c6\u30a3\u30c3\u30b7\u30e5\u30da\u30fc\u30d1\u30fc\u3084\u30c8\u30a4\u30ec\u30c3\u30c8\u30da\u30fc\u30d1\u30fc\u306e<strong>Kleenex<\/strong>\uff08<strong>\u30af\u30ea\u30cd\u30c3\u30af\u30b9<\/strong>\uff09\u3001<strong>Scotteie<\/strong>\uff08<strong>\u30b9\u30b3\u30c3\u30c6\u30a3<\/strong>\uff09\u304c\u6709\u540d\u3067\u3057\u3087\u3046\u304b\u3002<\/span><\/p>\n\n\n\n<p>\u65e5\u672c\u88fd\u7d19\u30af\u30ec\u30b7\u30a2\u304c\u8ca9\u58f2\u3057\u3066\u3044\u308b\u305f\u3081\u3001\u65e5\u672c\u88fd\u7d19\u306e\u30d6\u30e9\u30f3\u30c9\u3068\u8003\u3048\u3066\u3044\u308b\u4eba\u3082\u591a\u3044\u304b\u3082\u3067\u3059\u304c\u3001\u5b9f\u969b\u306b\u306f\u30ad\u30f3\u30d0\u30ea\u30fc\u30af\u30e9\u30fc\u30af\u793e\u3068\u30e9\u30a4\u30bb\u30f3\u30b9\u5951\u7d04\u3092\u7d50\u3093\u3067\u65e5\u672c\u3067\u8ca9\u58f2\u3057\u3066\u3044\u308b\u5f62\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u8a2d\u7acb\u306f1872\u5e74\u3067150\u5e74\u4ee5\u4e0a\u306e\u6b74\u53f2\u304c\u3042\u308a\u300145,000\u4eba\u306e\u5f93\u696d\u54e1\u304c\u50cd\u3044\u3066\u3044\u307e\u3059\u3002\u3082\u3068\u3082\u3068\u306e\u4e8b\u696d\u306f\u88fd\u7d19\u5de5\u5834\u306e\u904b\u55b6\u3067\u3057\u305f\u304c\u30011970\u5e74\u4ee3\u521d\u982d\u306b\u88fd\u7d19\u5de5\u5834\u3092\u58f2\u5374\u3057\u59cb\u3081\u3001\u6d88\u8cbb\u8005\u5411\u3051\u306e\u7d19\u88fd\u54c1\u306e\u8ca9\u58f2\u306b\u30b7\u30d5\u30c8\u3059\u308b\u3088\u3046\u306b\u306a\u308a\u307e\u3057\u305f\uff082012\u5e74\u306b\u306f\u6700\u5f8c\u306e\u88fd\u7d19\u5de5\u5834\u3092\u9589\u9396\u3057\u3066\u3044\u307e\u3059\uff09\u3002\u306a\u304a\u88fd\u54c1\u306f\u3001175\u304b\u56fd\u4ee5\u4e0a\u3067\u8ca9\u58f2\u3055\u308c\u3066\u304a\u308a\u300180\u304b\u56fd\u3067\u30b7\u30a7\u30a21\u4f4d\u304b2\u4f4d\u306e\u88fd\u54c1\u3092\u6709\u3057\u3066\u3044\u308b\u3068\u306e\u3053\u3068\u3067\u3059&#x2728;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u30ad\u30f3\u30d0\u30ea\u30fc\u30af\u30e9\u30fc\u30af\u306e\u57fa\u672c\u60c5\u5831<\/h3>\n\n\n\n<figure class=\"wp-block-table has-small-font-size\"><table><tbody><tr><td>\u30bb\u30af\u30bf\u30fc<\/td><td>\u751f\u6d3b\u5fc5\u9700\u54c1\uff08\u5bb6\u5ead\u7528\u54c1\uff09<\/td><\/tr><tr><td>PER\uff082023\u5e74\u4e88\u60f3EPS\u30da\u30fc\u30b9\uff09<\/td><td>23.0\u500d<\/td><\/tr><tr><td>EPS\u6210\u9577\u7387\uff082018\u301c25\uff09\u203b23\u5e74\u4ee5\u964d\u306f\u4e88\u60f3<\/td><td>1.3%<\/td><\/tr><tr><td>\u914d\u5f53<\/td><td>$4.72\uff08\u56db\u534a\u671f\u3042\u305f\u308a$1.18\uff09<\/td><\/tr><tr><td>\u914d\u5f53\u5229\u56de\u308a<\/td><td><strong>3.46%<\/strong><\/td><\/tr><tr><td>\u9023\u7d9a\u5897\u914d\u5e74\u6570<\/td><td><strong>51\u5e74<\/strong><\/td><\/tr><tr><td>\u5897\u914d\u7387\uff082019\u301c23\u5e73\u5747\uff09<\/td><td>3.5%<\/td><\/tr><tr><td>S&amp;P\u683c\u4ed8\u3051<\/td><td>A\uff08\u30cd\u30ac\u30c6\u30a3\u30d6\uff09<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\">2023\/4\/7\u73fe\u5728<\/figcaption><\/figure>\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 \/>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});<br \/>\r\n<\/script><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">\u30ad\u30f3\u30d0\u30ea\u30fc\u30af\u30e9\u30fc\u30af\uff08KMB\uff09\u306e\u696d\u7e3e<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">\u30ad\u30f3\u30d0\u30ea\u30fc\u30af\u30e9\u30fc\u30af\u306e\u58f2\u4e0a\u9ad8\uff08\u53ce\u76ca\uff09\u3001\u55b6\u696d\u5229\u76ca\u3001\u55b6\u696d\u5229\u76ca\u7387<\/h3>\n\n\n\n<figure class=\"wp-block-image size-full is-style-photo_frame\"><img decoding=\"async\" width=\"543\" height=\"365\" src=\"https:\/\/yutan-investment.com\/wp-content\/uploads\/KMB-Revenue-2013-22.png\" alt=\"KMB-Revenue-2013-22\" class=\"wp-image-9235\"\/><figcaption class=\"wp-element-caption\">\u30b0\u30e9\u30d5\u306fIR\u30c7\u30fc\u30bf\u3088\u308a\uff08\u4ee5\u4e0b\u540c\u3058\uff09<\/figcaption><\/figure>\n\n\n\n<p>\u58f2\u4e0a\u9ad8\u306f200\u5104\u30c9\u30eb\u624b\u524d\u3067\u8db3\u8e0f\u307f\u3057\u3066\u3044\u307e\u3057\u305f\u304c\u300122\u5e74\u306b200\u5104\u30c9\u30eb\u306e\u58c1\u3092\u7a81\u7834\u3057\u307e\u3057\u305f\u30025\u5e74\u5e73\u5747\u58f2\u4e0a\u9ad8\u6210\u9577\u7387\uff082018\u301c22\uff09\u306f<span class=\"swl-inline-color has-swl-deep-02-color\">+2.2%<\/span>\u3067\u3059\u3002<\/p>\n\n\n\n<p>2022\u5e74\u306f21\u5e74\u6bd4\u3067<span class=\"swl-inline-color has-swl-deep-02-color\">4%\u306e\u58f2\u4e0a\u5897<\/span>\u3068\u306a\u308a\u307e\u3057\u305f\u3002\u8ca9\u58f2\u91cf\u306f3%\u6e1b\u3001\u70ba\u66ff\u304c\u30c9\u30eb\u9ad8\u306e\u5f71\u97ff\u30674%\u6e1b\u3068\u9006\u98a8\u3068\u306a\u308a\u307e\u3057\u305f\u304c\u3001\u4fa1\u683c\u304c9%\u4e0a\u6607\u3057\u3066\u30ab\u30d0\u30fc\u3057\u3066\u3044\u307e\u3059\u3002\u70ba\u66ff\u306e\u5f71\u97ff\u3092\u9664\u3044\u305f\u6210\u9577\u7387\u306f7%\u3067\u3059\u3002\u3053\u306e\u6570\u5b57\u306f2019\u5e74\u304c4%\u300120\u5e74\u304c6%\u300121\u5e74\u304c-1%\u3067\u63a8\u79fb\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u5730\u57df\u5225\u3067\u307f\u308b\u3068\u3001\u5317\u7c73\u5730\u57df\u306e\u58f2\u4e0a\u9ad8\u306f53%\u3001\u6b8b\u308a47%\u304c\u305d\u308c\u4ee5\u5916\u306e\u5730\u57df\u306a\u306e\u3067\u3001\u30c9\u30eb\u9ad8\u306e\u5f71\u97ff\u3082\u305d\u308c\u306a\u308a\u306b\u53d7\u3051\u308b\u5f62\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u55b6\u696d\u5229\u76ca\u7387\u306f15%\u7a0b\u5ea6\u3067\u63a8\u79fb\u3057\u3066\u3044\u307e\u3059\u3002\u6700\u5927\u624b\u306eP&amp;G\u304c20%\u524d\u5f8c\u306a\u306e\u3067\u3001\u305d\u308c\u3088\u308a\u306f\u5c11\u3057\u52a3\u308b\u5f62\u306b\u306a\u308a\u307e\u3059\u306d\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">\u30ad\u30f3\u30d0\u30ea\u30fc\u30af\u30e9\u30fc\u30af\u306e\u90e8\u9580\u5225\u58f2\u4e0a\u9ad8<\/h4>\n\n\n\n<figure class=\"wp-block-image size-full is-style-photo_frame\"><img decoding=\"async\" width=\"554\" height=\"200\" src=\"https:\/\/yutan-investment.com\/wp-content\/uploads\/KMB-Segment-Revenue-2022.png\" alt=\"\" class=\"wp-image-9257\"\/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full is-style-photo_frame\"><img decoding=\"async\" width=\"828\" height=\"248\" src=\"https:\/\/yutan-investment.com\/wp-content\/uploads\/KMB-Segement-Revenue-2018-22.png\" alt=\"\" class=\"wp-image-9258\" srcset=\"https:\/\/yutan-investment.com\/wp-content\/uploads\/KMB-Segement-Revenue-2018-22.png 828w, https:\/\/yutan-investment.com\/wp-content\/uploads\/KMB-Segement-Revenue-2018-22-768x230.png 768w\" sizes=\"(max-width: 828px) 100vw, 828px\" \/><\/figure>\n\n\n\n<p><span class=\"swl-marker mark_yellow\">\u30d1\u30fc\u30bd\u30ca\u30eb\u30b1\u30a2\u306f\u3001\u7d19\u304a\u3080\u3064\u3084\u5404\u7a2e\u306e\u30d1\u30f3\u30c4\uff08\u4e0b\u7740\uff09\u3001\u751f\u7406\u7528\u54c1\u306a\u3069\u306e\u5546\u54c1\u3067\u3059\u3002<\/span>\u30d9\u30d3\u30fc\u5411\u3051\u7d19\u304a\u3080\u3064\u306e<strong>Huggies<\/strong>\uff08\u30cf\u30ae\u30fc\u30ba\uff09\u304c\u8457\u540d\u306a\u30d6\u30e9\u30f3\u30c9\u3067\u3059\u3002\u30b0\u30e9\u30d5\u3092\u307f\u308b\u3068\u30012018\u301c22\u5e74\u306b\u304b\u3051\u3066\u3001\u6bce\u5e74\u58f2\u4e0a\u9ad8\u306f\u6210\u9577\u3057\u3066\u3044\u308b\u3053\u3068\u304c\u308f\u304b\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p><span class=\"swl-marker mark_yellow\">\u30b3\u30f3\u30b7\u30e5\u30fc\u30de\u30fc\u30c6\u30a3\u30c3\u30b7\u30e5\u306f\u3001\u30c6\u30a3\u30c3\u30b7\u30e5\u30da\u30fc\u30d1\u30fc\u3001\u30c8\u30a4\u30ec\u30c3\u30c8\u30da\u30fc\u30d1\u30fc\u3001\u30da\u30fc\u30d1\u30fc\u30bf\u30aa\u30eb\u3001\u30ca\u30d7\u30ad\u30f3\u306a\u3069\u306e\u5546\u54c1\u3067\u3059\u3002<\/span><strong>Kleenex<\/strong>\uff08\u30af\u30ea\u30cd\u30c3\u30af\u30b9\uff09\u3084<strong>Scott<\/strong>\uff08\u30b9\u30b3\u30c3\u30c8\uff09\u304c\u6709\u540d\u306a\u30d6\u30e9\u30f3\u30c9\u3067\u3059\u3002\u76f4\u8fd15\u5e74\u306e\u58f2\u4e0a\u9ad8\u306f\u6a2a\u3070\u3044\u3067\u63a8\u79fb\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p>K-C\u30d7\u30ed\u30d5\u30a7\u30c3\u30b7\u30e7\u30ca\u30eb\u306f\u3001\u8077\u5834\u306b\u304a\u3051\u308b\u885b\u751f\u7528\u54c1\u3084\u5b89\u5168\u7528\u54c1\u3092\u63d0\u4f9b\u3057\u3066\u3044\u307e\u3059\u3002\u3053\u3061\u3089\u306e\u90e8\u9580\u3082\u58f2\u4e0a\u9ad8\u306f\u307b\u307c\u6a2a\u3070\u3044\u3067\u3059\u306d\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">\u30ad\u30f3\u30d0\u30ea\u30fc\u30af\u30e9\u30fc\u30af\u306e\u90e8\u9580\u5225\u55b6\u696d\u5229\u76ca\u7387<\/h4>\n\n\n\n<figure class=\"wp-block-image size-full is-style-photo_frame\"><img decoding=\"async\" width=\"800\" height=\"248\" src=\"https:\/\/yutan-investment.com\/wp-content\/uploads\/KMB-Operating-Profit-2018-22.png\" alt=\"\" class=\"wp-image-9259\" srcset=\"https:\/\/yutan-investment.com\/wp-content\/uploads\/KMB-Operating-Profit-2018-22.png 800w, https:\/\/yutan-investment.com\/wp-content\/uploads\/KMB-Operating-Profit-2018-22-768x238.png 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/figure>\n\n\n\n<p>\u76f4\u8fd15\u5e74\u306e\u55b6\u696d\u5229\u76ca\u7387\u306f\u4f4e\u4e0b\u50be\u5411\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002\u7279\u306b\u539f\u71c3\u6599\u4fa1\u683c\u306e\u4e0a\u6607\u3067\u30b3\u30f3\u30b7\u30e5\u30fc\u30de\u30fc\u30c6\u30a3\u30c3\u30b7\u30e5\u90e8\u9580\u304c\u9855\u8457\u3067\u3059\u306d\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u30ad\u30f3\u30d0\u30ea\u30fc\u30af\u30e9\u30fc\u30af\u306eEPS<\/h3>\n\n\n\n<figure class=\"wp-block-image size-full is-resized is-style-photo_frame\"><img decoding=\"async\" src=\"https:\/\/yutan-investment.com\/wp-content\/uploads\/KMB-EPS-2013-22.png\" alt=\"KMB-EPS-2013-22\" class=\"wp-image-9233\" width=\"543\" height=\"368\"\/><\/figure>\n\n\n\n<p>\u30ea\u30b9\u30c8\u30e9\u30d7\u30ed\u30b0\u30e9\u30e0\u306a\u3069\u4e00\u6642\u7684\u306a\u8981\u56e0\u3092\u53d6\u308a\u9664\u3044\u305f\u4f1a\u793e\u767a\u8868\u306eAdjusted EPS\uff08\u8abf\u6574\u5f8c\uff09\u306f\u30012020\u5e74\u307e\u3067\u306f\u53f3\u80a9\u4e0a\u304c\u308a\u3068\u306a\u3063\u3066\u3044\u307e\u3057\u305f\u304c\u300121\u30fb22\u5e74\u3068\u6e1b\u5c11\u306b\u8ee2\u3058\u3066\u3044\u307e\u3059\u3002<span class=\"swl-marker mark_orange\">5\u5e74\u5e73\u5747EPS\u6210\u9577\u7387\uff082018\u301c22\uff09\u306f<span class=\"swl-inline-color has-swl-deep-01-color\">-3.9%<\/span>\u3068\u601d\u308f\u3057\u304f\u3042\u308a\u307e\u305b\u3093\u3002<\/span><\/p>\n\n\n\n<p>\u305d\u306e\u5927\u304d\u306a\u8981\u56e0\u304c\u3001<span class=\"swl-marker mark_orange\"><span class=\"swl-inline-color has-swl-deep-01-color\"><strong>\u539f\u71c3\u6599\uff08\u539f\u6599\u3068\u306a\u308b\u6728\u6750\u3084\u30a8\u30cd\u30eb\u30ae\u30fc\uff09\u4fa1\u683c\u306e\u9ad8\u9a30<\/strong><\/span><\/span>\u3067\u3059\u3002\u58f2\u4e0a\u9ad8\u304b\u3089\u4ed5\u5165\u308c\u539f\u4fa1\u3092\u5f15\u3044\u305f\u7c97\u5229\u76ca\u306f\u3001<span class=\"swl-marker mark_orange\">20\u5e74\u306e35.6%\u304b\u308922\u5e74\u306f30.8%\u306b\u6e1b\u5c11\u3057\u3066\u304a\u308a\u3001\u539f\u71c3\u6599\u4fa1\u683c\u306e\u4e0a\u6607\u306e\u5f71\u97ff\u3092\u5927\u304d\u304f\u53d7\u3051\u3066\u3044\u307e\u3059\u3002<\/span><\/p>\n\n\n\n<p>\u660e\u308b\u3044\u8a71\u984c\u3082\u3042\u308a\u307e\u3059\u3002\u539f\u6599\u306e\u6728\u6750\u4fa1\u683c\u306f22\u5e74\u5f8c\u534a\u306b\u30d4\u30fc\u30af\u3092\u904e\u304e\u3066\u304a\u308a\u3001\u7c97\u5229\u76ca\u3001\u3072\u3044\u3066\u306f\u55b6\u696d\u5229\u76ca\u7387\u3001EPS\u306e\u6539\u5584\u304c\u671f\u5f85\u3067\u304d\u308b\u304b\u3089\u3067\u3059\u3002<span class=\"swl-marker mark_blue\">\u30ad\u30f3\u30d0\u30ea\u30fc\u30af\u30e9\u30fc\u30af\u306f22\u5e74\u7b2c4\u56db\u534a\u671f\u6c7a\u7b97\u3067\u300123\u5e74\u5ea6\u306eAdjusted EPS\u306e\u6210\u9577\u7387\u3092<span class=\"swl-inline-color has-swl-deep-02-color\">2\u301c6\uff05\u7a0b\u5ea6<\/span>\u3068\u4e88\u60f3\u3057\u3066\u3044\u307e\u3059\u3002<\/span><\/p>\n\n\n\n<p>\u306a\u304a\u3053\u306e\u30b0\u30e9\u30d5\u3067\u306fBPS\uff081\u682a\u3042\u305f\u308a\u7d14\u8cc7\u7523\uff09\u3084ROE\uff08\u81ea\u5df1\u8cc7\u672c\u5229\u76ca\u7387\uff09\u3092\u63b2\u8f09\u3057\u3066\u3044\u307e\u305b\u3093\u3002\u3068\u3044\u3046\u306e\u30822018\u30fb19\u5e74\u306f\u81ea\u5df1\u8cc7\u672c\u304c\u30de\u30a4\u30ca\u30b9\u3068\u306a\u3063\u3066\u3044\u307e\u3057\u305f\u3057\u300122\u5e74\u73fe\u5728\u3082\u81ea\u5df1\u8cc7\u672c\u306f\u5c11\u306a\u3044\u72b6\u614b\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u81ea\u5df1\u8cc7\u672c\u304c\u30de\u30a4\u30ca\u30b9\u3068\u3044\u3046\u306e\u306f\u3001\u4e00\u822c\u7684\u306b\u50b5\u52d9\u8d85\u904e\u306e\u72b6\u614b\u3067\u3059\u304c\u3001\u30a2\u30e1\u30ea\u30ab\u306b\u306f\u682a\u4e3b\u9084\u5143\u3092\u91cd\u8996\u3057\u3066\u304a\u308a\u3001\u81ea\u5df1\u8cc7\u672c\u304c\u30de\u30a4\u30ca\u30b9\u306e\u4f1a\u793e\u3082\u5c11\u306a\u304f\u3042\u308a\u307e\u305b\u3093\u3002\u5229\u76ca\u3092\u51fa\u3057\u3066\u3044\u308b\u3046\u3061\u306f\u5fc3\u914d\u4e0d\u8981\u3060\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u30ad\u30f3\u30d0\u30ea\u30fc\u30af\u30e9\u30fc\u30af\u306e\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc(CF)<\/h3>\n\n\n\n<figure class=\"wp-block-image size-full is-style-photo_frame\"><img decoding=\"async\" width=\"543\" height=\"368\" src=\"https:\/\/yutan-investment.com\/wp-content\/uploads\/KMB-CF-2013-22.png\" alt=\"KMB CF 2013-22\" class=\"wp-image-9230\"\/><\/figure>\n\n\n\n<p>\u55b6\u696dCF\u3001\u30d5\u30ea\u30fcCF\u3068\u3082\u6a2a\u3070\u3044\u3067\u3059\u306d\u3002\u696d\u7e3e\u304c\u5927\u304d\u304f\u4f38\u3073\u3066\u3044\u306a\u3044\u306e\u3067\u3001\u307e\u3042\u5f53\u7136\u3068\u3044\u3048\u3070\u5f53\u7136\u3067\u3059\u304c\u2026<\/p>\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 \/>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});<br \/>\r\n<\/script><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">\u30ad\u30f3\u30d0\u30ea\u30fc\u30af\u30e9\u30fc\u30af\u306e\u682a\u4e3b\u9084\u5143\u72b6\u6cc1<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">\u30ad\u30f3\u30d0\u30ea\u30fc\u30af\u30e9\u30fc\u30af\u306e\u914d\u5f53\u3001\u914d\u5f53\u6027\u5411\u3001\u5897\u914d\u7387<\/h3>\n\n\n\n<figure class=\"wp-block-image size-full is-style-photo_frame\"><img decoding=\"async\" width=\"543\" height=\"368\" src=\"https:\/\/yutan-investment.com\/wp-content\/uploads\/KMB-Dividend-2013-22.png\" alt=\"KMB Dividend 2013-22\" class=\"wp-image-9231\"\/><\/figure>\n\n\n\n<p>\u30ad\u30f3\u30d0\u30ea\u30fc\u30af\u30e9\u30fc\u30af\u306f\u30011973\u5e74\u4ee5\u964d\u9023\u7d9a\u5897\u914d\u3067\u3001<span class=\"swl-marker mark_blue\"><span class=\"swl-inline-color has-swl-deep-02-color\"><strong>51\u5e74\u4ee5\u4e0a\u9023\u7d9a\u5897\u914d\u306e\u8a18\u9332<\/strong><\/span><\/span>\u3092\u6301\u3064\u914d\u5f53\u738b\u9298\u67c4\u3067\u3059\u3002HP\u3067\u306f\u914d\u5f53\u5c65\u6b74\u3092\u5305\u307f\u96a0\u3055\u305a\u516c\u958b\u3057\u3066\u304a\u308a\u3001\uff08\u3044\u3064\u3082\u8a00\u3063\u3066\u3044\u308b\u3053\u3068\u3067\u3059\u304c\uff09\u6295\u8cc7\u5bb6\u3068\u3057\u3066\u306f\u975e\u5e38\u306b\u597d\u5370\u8c61\u3067\u3059\u3002<\/p>\n\n\n\n<p>\u914d\u5f53\u6027\u5411\u306f\u3001Adjusted EPS\u3001\u3059\u306a\u308f\u3061\u8abf\u6574\u5f8c\u306eEPS\u3067\u307f\u308b\u3068\u300160%\u7a0b\u5ea6\u3067\u5b89\u5b9a\u3057\u3066\u304a\u308a\u3001\u3088\u304f\u30b3\u30f3\u30c8\u30ed\u30fc\u30eb\u3055\u308c\u3066\u3044\u305f\u306e\u3067\u3059\u304c\u300121\u30fb22\u5e74\u306f\u4e0a\u6607\u306b\u8ee2\u3058\u3066\u304a\u308a\u300190%\u8fd1\u304f\u306b\u306a\u3063\u3066\u3044\u307e\u3059\u3002\u30d5\u30ea\u30fcCF\u3067\u307f\u305f\u914d\u5f53\u6027\u5411\u308221\u30fb22\u5e74\u306f80%\u53f0\u3068\u306a\u3063\u3066\u3044\u308b\u306e\u3067\u3001\u3061\u3087\u3063\u3068\u82e6\u3057\u3044\u3067\u3059\u306d\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-style-photo_frame\"><img decoding=\"async\" width=\"543\" height=\"365\" src=\"https:\/\/yutan-investment.com\/wp-content\/uploads\/KMB-Dividend-Increase-2013-22.png\" alt=\"KMB Dividend Increase 2013-22\" class=\"wp-image-9232\"\/><\/figure>\n\n\n\n<p>\u5897\u914d\u7387\u306f2014\u5e74\u4ee5\u964d\u30013\u301c6%\u306e\u6c34\u6e96\u3067\u63a8\u79fb\u3057\u3066\u3044\u307e\u3057\u305f\u304c\u300122\u5e74\u306f1.8%\uff08\u56db\u534a\u671f\u3042\u305f\u308a$0.02\u306e\u5897\u914d\uff09\u307e\u3067\u4f4e\u4e0b\u3057\u3066\u304d\u307e\u3057\u305f\u3002EPS\u304c\u5927\u5e45\u306b\u4f38\u3073\u306a\u3044\u9650\u308a\u306f1\u301c3%\u7a0b\u5ea6\u306e\u5897\u914d\u304c\u7d9a\u304d\u305d\u3046\u3067\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u30ad\u30f3\u30d0\u30ea\u30fc\u30af\u30e9\u30fc\u30af\u306e\u81ea\u793e\u682a\u8cb7\u3044\u3082\u542b\u3081\u305f\u682a\u4e3b\u9084\u5143\u72b6\u6cc1<\/h3>\n\n\n\n<figure class=\"wp-block-image size-full is-style-photo_frame\"><img decoding=\"async\" width=\"543\" height=\"365\" src=\"https:\/\/yutan-investment.com\/wp-content\/uploads\/KMB-Reduction-2013-22.png\" alt=\"KMB Reduction 2013-22\" 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