ÂîÏÃ


»º¶ÈºÆÀ¸µ¡¹½¤Î¸½¶·¡¡

2·î9Æü¡Ê¿å¡Ë¤ÎÎã²ñ¤ÎÂîÏäò¥¯¥é¥Ö²ñÊó°Ñ°÷¤¬Å»¤á¤¿¤â¤Î¤Ç¤¹¡£

­ê»º¶ÈºÆÀ¸µ¡¹½
Âåɽ¼èÄùÌò¼ÒĹ
¡¡ºØÆ£¡¡Æ׻ᡡ

Â裴£°£´£²²óÎã²ñ

¡¡»º¶ÈºÆÀ¸µ¡¹½¤Ï2003ǯ4·î16Æü¤Ë¡Ö¶âÍ»¤È»º¶È¤Î°ìÂÎŪºÆÀ¸¡×¤òÌÜÅӤȤ·¤ÆÀßΩ¤µ¤ì¡¢Æ±Ç¯5·î8Æü¤«¤é¶È̳¤ò³«»Ï¤¤¤¿¤·¤Þ¤·¤¿¡£1995ǯÅö»þ¥Ð¥Ö¥ë·ÐºÑ¤¬ÇËÎö¤·¤Þ¤·¤¿¤¬¡¢ÆüËܤϽ¾Íè¤É¤ª¤ê¤Î¥±¥¤¥ó¥ºÅª¥Þ¥¯¥í·ÐºÑ¤ÎͶƳ¤äÅÁÅýŪ¤Ê¼êË¡¤Ë¤è¤ë¶âÍ»µ¡´Ø¤Î»ö¶ÈµßºÑ¤ò·«¤êÊÖ¤·¤Þ¤·¤¿¡£¤·¤«¤·¡¢Ã±¤Ê¤ë¶âÍ»µ¡´Ø¤ÎÉÔÎɺĸ¢½èÍý¤ä¸ø¶¦Åê»ñ¤Î³ÈÂç¤Ç¤Ï¡¢ºÇÁá¡¢·ÐºÑ¤ÎÏĤߤϼ£¤é¤Ê¤¤¡¢¿·¤¿¤Ê»öÂ֤ˤϤޤê¹þ¤ó¤Ç¤¤¤ë¤³¤È¤Ëµ¤¤¬¤Ä¤¤¤Æ¡¢»º¶ÈºÆÀ¸µ¡¹½¤¬À¸¤Þ¤ì¤¿¤È»×¤Ã¤Æ¤ª¤ê¤Þ¤¹¡£

¶ñÂÎŪ¤Ë¤Ï¡¢°ì¤Ä¤Ï¶âÍ»µ¡´ØÂкö¤À¤±¤Ç¤Ï¤Ê¤¯¡¢¼Ú¤ê¼ê¤Ç¤¢¤ë»ö¶È²ñ¼Ò¤ÎÈ´ËÜŪ»ö¶È¥â¥Ç¥ë¤Î¸«Ä¾¤·¤òƱ»þ¤Ë¤ä¤ëɬÍפ¬¤¢¤ë¤È¤¤¤¦¤³¤È¡£¤â¤¦°ì¤Ä¤ÏËܳÊŪ¤Ê»º¶ÈºÆÀ¸¤Î¥¹¥­¥ë¤ä¥Î¥¦¥Ï¥¦¤ò»ý¤Ã¤¿¿Íºà¤¬¶Ëü¤ËÉÔ­¤·¤Æ¤¤¤ë¤È¤¤¤¦¼ÂÂÖ¤¬¤¢¤ê¤Þ¤¹¡£¤³¤ÎÆó¤Ä¤ÎÌäÂê¤òƱ»þ¤Ë²ò¤³¤¦¤È¤¤¤¦¤Î¤Ç¤¢¤ê¤Þ¤¹¡£

»º¶ÈºÆÀ¸µ¡¹½¤Ï¡¢¶ËÎÏ¡¢¹½À®Í×°÷¤ò̱´Ö¿Í¤Ç¹½À®¤¹¤ë¤È¤¤¤¦ÅÀ¤ËÆÃÀ­¤¬¤¢¤ê¤Þ¤¹¡£²æ¡¹¤Î150¿Í¤òĶ¤¨¤ë¥¹¥¿¥Ã¥Õ¤ÏÁ´°÷²¿¤«¤Î¥×¥í¤Ç¤¹¡£ÊÛ¸î»Î¡¢¸øǧ²ñ·×»Î¡¢ÀÇÍý»Î¡¢¤¢¤ë¤¤¤Ï¥³¥ó¥µ¥ë¥¿¥ó¥È¡¢ÉÔÆ°»º´ÕÄê»ÎÅù¡¹¡¢¥×¥í¤Îµ»½Ñ¤ò»ý¤Ã¤Æ¤¤¤ë¿Í¡¹¤À¤±¤Ë¤è¤Ã¤Æ¹½À®¤µ¤ì¤Æ¤ª¤ê¡¢¹ñ¤¬ÀßΩ¤·¤¿µ¡´Ø¤È¤·¤Æ¤Ï½é¤á¤Æ¤Ç¤¢¤ê¤Þ¤¹¤±¤ì¤É¤â¡¢Ì±´Ö¤Î³ô¼°²ñ¼Ò°Ê¾å¤Ë³ô¼°²ñ¼Ò¤é¤·¤¤ÁÈ¿¥¤È¤Ê¤Ã¤Æ¤ª¤ê¤Þ¤¹¡£²æ¡¹¤ÎºÇ¹â·èÄ굡´Ø¤Ï¼èÄùÌò²ñ¤Ç¤¢¤ê¡¢ºÆÀ¸·×²è¤Ê¤É¤Ë´Ø¤¹¤ëºÇ¹â·èÄ굡´Ø¤Ï»º¶ÈºÆÀ¸°Ñ°÷²ñ¤È¤¤¤¦»ÅÁȤߤˤʤäƤª¤ê¤Þ¤¹¡£

¡¡»º¶ÈºÆÀ¸µ¡¹½¤Ï¡¢¹ñ¤Îµ¡´ØŪ¤ÊÀ­³Ê¤ò»ý¤Á»Ù±ç»ñ¶â¤ò¹ñ²ÈÊݾڤβ¼¤ÇĴ㤷¤Æ¤¤¤ë¤Ë¤â¤«¤«¤ï¤é¤º¡¢¹ÔÀ¯ÉܤäÀ¯¼£²È¤Ê¤É¤Î³°Éô¼Ô¤«¤é¶ËÎÏÆÈΩ¤¹¤ë¤è¤¦¤ËôÊݤµ¤ì¤Æ¤¤¤ëÁÈ¿¥¤Ç¤¢¤ê¤Þ¤¹¡£µ¡¹½Ë¡¤ÎÆÃħ¤È¤·¤Æ¡¢À¯Éܷ϶âÍ»µ¡´Ø¤ÏºÆÀ¸µ¡¹½¤ÎÍ×ÀÁ¤Ë¶¨ÎϤ·¤Ê¤±¤ì¤Ð¤Ê¤é¤Ê¤¤¤È¤¤¤¦¡Ö¶¨Îϵ¬Äê¡×¤¬¤¢¤ê¤Þ¤¹¡£»°°æ¹Û»³ºÆÀ¸¤Ë¤ª¤±¤ëNEDO¤ÎÂçÎ̤ʺĸ¢Êü´þ¤¢¤ë¤¤¤Ï¶å½£»º¸ò¤Ë¤ª¤±¤ë̱ÅÔµ¡¹½¤Î°ìÉôºÄ¸¢¤ÎÊü´þ¤Ê¤É¤Ï¡¢¶²¤é¤¯Ì±´Ö¥Ù¡¼¥¹¤Ç¤ÏÉÔ²Äǽ¤ÊÂкö¤Ç¤¢¤Ã¤¿¤È»×¤Ã¤Æ¤ª¤ê¤Þ¤¹¡£
¡¡¼èÄùÌò²ñ¤ä°Ñ°÷²ñ¤Î¥á¥ó¥Ð¡¼¤Ë¤ÏÀ¯Éܤδ±Î½·Ð¸³¼Ô¤Ï°ì¿Í¤â¤ª¤ê¤Þ¤»¤ó¡£³Ø¼ÔŪ¤ÊɾÏÀ²È¤â¤ª¤ê¤Þ¤»¤ó¡£Á´°÷¤¬¡¢·Ð±Ä¼Ô¡¢¥³¥ó¥µ¥ë¥¿¥ó¥È¡¢ÊÛ¸î»Î¡¢²ñ·×»Î¤Ç¤¢¤ê¡¢¤¢¤¯¤Þ¤Ç¤â¼ÂÁ©¤Î·Ð¸³¼Ô¤Ç¹½À®¤µ¤ì¤Æ¤¤¤Þ¤¹¡£

ºÄ¸¢¤ÎÇ㤤¼è¤ê¿½¤·¹þ¤ß¤Ï05ǯ3·îËö¤ÇÄù¤áÀڤꡢ08ǯ3·îËö¤ò¤â¤Ã¤Æµ¡¹½¤Î¸³¤òÇÑ´þ¤¹¤ë¤³¤È¤Ë¤Ê¤Ã¤Æ¤ª¤ê¤Þ¤¹¡£¤³¤ì¤Ï¤¹¤Ð¤é¤·¤¤¥ë¡¼¥ë¤Ç¤¢¤ê¤Þ¤·¤Æ¡¢»þ¸ÂΩˡ²½¤¹¤ë¤³¤È¤Ç´±Åª¶È̳¤Î̱¶È¤Ø¤Î²ðÆþ¤òµ¬À©¤·¤Æ¤¤¤ë¤È¤¤¤¦¤³¤È¤Ç¤¢¤í¤¦¤È»×¤¤¤Þ¤¹¡£»º¶ÈºÆÀ¸¤Ë¤ª¤±¤ëÃæΩÀ­¡¢ÆÈΩÀ­¡¢Æ©ÌÀÀ­¤¬¤·¤Ã¤«¤êôÊݤµ¤ì¤Æ¤¤¤ë¤È¤¤¤¦¤³¤È¤Ï¡¢µ¡¹½¤¬¡¢Èó¹çÍýÀ­¡¢Èó»Ô¾ìÀ­¤ÎÃæ¤Ç»ö¶ÈºÆÀ¸¤Ë»þ´Ö¤È»ñ¶â¤ò̵Â̸¯¤¤¤·¤Æ¤­¤¿¤³¤Î¹ñ¤Ë¡¢²è´üŪ¤ÊȯÁۤȹçÍýÀ­¤òƳÆþ¤¹¤ëƳ´É¤È¤Ê¤Ã¤¿¤È¤¤¤¦¤³¤È¤À¤È»×¤Ã¤Æ¤ª¤ê¤Þ¤¹¡£

¤³¤Î¹ñ¤¬Ä¹¤¤¥¤¥ó¥Õ¥ì·ÐºÑ¤Î¤Ê¤«¤Ç»ñËܤθúΨÀ­¤òÄɵڤ¹¤ë»ñËܼçµÁ¤ò´÷Èò¤·¤Æ¡¢±ï¸Î·ÐºÑ¡¢¿ÍÃηкѡ¢¿Í°ÙŪ¤¢¤ë¤¤¤Ï´±Åª¤Ê»ñ¶â¤ÎʬÇۤȤ¤¤¦·ÐºÑ¤Ë´·¤ì¿Æ¤·¤ó¤Ç¤­¤¿Îò»Ë¤Ï¤Ê¤«¤Ê¤«ÊѤ¨Æñ¤¤¤È»×¤¤¤Þ¤¹¡£¼«¸Ê¼çÄ¥¤òÍÞÀ©¤·¶âÁ¬Åª¥ê¥¿¡¼¥ó¤Î¶ËÂç²½¤ò¼«À©¤·¥É¥ó¥Ö¥ê´ªÄêŪ·Ð±Ä¤ÈÛ£Ëæ¤Ê·ÀÌó¤Ë¤è¤ë»ñ¶â¤ÎÂß¼Ú´Ø·¸¤òǧ¤á¹ç¤¦¤³¤È¤Ï¡¢Ä´ÏÂÀ­¤Î¹â¤¤¿Í´ÖÀ­Ë­¤«¤Ê¼Ò²ñ¤òºî¤Ã¤Æ¤­¤¿¤«¤â¤·¤ì¤Þ¤»¤ó¡£¤·¤«¤·¡¢¹ñºÝ¶¥Áè»Ô¾ì¤Ë¿Ê½Ð¤¹¤ëÆüËܤλº¶È¤ÎÈæ½Å¤¬ÁýÂ礷ÆüËܻԾì¤Î²òÊü¤¬¿Ê¤à¤Ë¤·¤¿¤¬¤Ã¤Æ¡¢¤³¤Îº¿¹ñŪÆë¤ì¹ç¤¤¼çµÁ¤Ï¡¢·ë¶É¡¢¹çÍýŪ»ñËܸúΨÄɵ᷿¤Î·Ð±Ä¡¦·ÐºÑ¤ËÇÔË̤òµÊ¤·¡¢¹ṉ̃¤Îµ¾À·Ééô¤òɬÍװʾå¤ËÂ礭¤Ê¤â¤Î¤Ë¤·¤Æ¤¤¤ë¤È»×¤Ã¤Æ¤ª¤ê¤Þ¤¹¡£

ÆüËܷкѤ¬¤³¤³¤Þ¤Ç¤Ë»ê¤Ã¤¿µç¶­¤Î¸¶°ø¤ò¤â¤¦¾¯¤·È´ËÜŪ¤Ë¸«¤Æ¤ß¤¿¤¤¤È»×¤¤¤Þ¤¹¡£¤³¤Î¹ñ¤Î°Û¾ï¤Ê¤Þ¤Ç¤Î´ÖÀܶâÍ»¥·¥Õ¥È¤Ï¼±¼Ô¤Ë¤â»ØŦ¤µ¤ì¤Æ¤­¤¿¤³¤È¤Ç¤¢¤ê¤Þ¤·¤¿¡£¥á¥¬¥Ð¥ó¥¯¤òÃæ¿´¤È¤¹¤ë·ÏÎ󲽤ϡ¢·ë¶É¤Ï¾ðÊó¤ÎÌ©¼¼À­¤ò¹â¤á¡¢Âè»°¼Ô¤Ë¤è¤ë¥ê¥¹¥¯¤È¥ê¥¿¡¼¥ó¤ÎʬÀÏÈãȽ¤òÉÔ²Äǽ¤Ë¤·¤Þ¤·¤¿¡£¥°¥ë¡¼¥×Æâ¤Ë¹Ô¤ï¤ì¤ë¶âÍ»¤ÎÂ߼ڤϱï¸Î¼çµÁ¤Ë¤è¤ë¤â¤Î¤Ç¤¢¤ê¡¢²Ê³ØŪ¤Ê¥ê¥¹¥¯¥ê¥¿¡¼¥ó¤ÎʬÀϤ⸷¤·¤¤¥³¡¼¥Ý¥ì¡¼¥È¥¬¥Ð¥Ê¥ó¥¹¤âƯ¤­¤Þ¤»¤ó¤Ç¤·¤¿¡£Î㤨¤Ð¡¢¿Æ²ñ¼Ò¤¬»Ò²ñ¼Ò¤ËÉôÉʤòȯÃí¤¹¤ë¤È¤­¤ËȯÃí½ñ¤¬¤Ê¤¤¤È¤¤¤¦¤è¤¦¤Ê¤³¤È¤¬¹Ô¤ï¤ì¤Æ¤¤¤Þ¤·¤¿¡£¤³¤Î¹ñ¤Ç¤Ï°ì¿´Æ±ÂΡ¢Ì©¼¼·¿¾ðÊó¸ò´¹¤È¤¤¤¦¡¢¤ß¤ó¤ÊƱ¤¸Á¥¤Ë¾è¤Ã¤¿¤È¤¤¤¦·ÐºÑ¤ò¤¢¤ë°ÕÌ£¤Ç¤Ï¥¨¥ó¥¸¥ç¥¤¤·¤Æ¤­¤¿¤Î¤À¤í¤¦¤È»×¤¤¤Þ¤¹¡£¤³¤Î¥á¥¤¥ó¥Ð¥ó¥¯·¿´ÖÀܶâÍ»À©ÅÙ¤¬Ã±°Ì¤¢¤¿¤ê¤ÎÀ¸»ºÀ­¤ä»ñËܤθúΨÀ­¤ò¸þ¾å¤µ¤»¤ë¤È¤¤¤¦Æ°µ¡¤òÁ˳²¤·¤Æ¤¤¤¿¤È»×¤ï¤ì¤Þ¤¹¡£²¿¸Î¤Ê¤é¤Ð¡¢¶ä¹Ô¤Ë¤è¤ë¥¬¥Ð¥Ê¥ó¥¹¤È¤¤¤¦¤Î¤Ï¡¢ÂßÉÕ»ñ¶â°ìñ°Ì¤´¤È¡¢°ì»ö¶È¤´¤È¤ËÀ¸¤ß½Ð¤¹Íø±×À­¤è¤ê¤â¡¢ÂßÉÕÁí»ñ¶â¤ËÂФ¹¤ëôÊݤγμÂÀ­¤Î¿³ºº¤Ë½ÅÅÀ¤¬¤ª¤«¤ì¤Æ¤¤¤¿¤«¤é¤Ç¤¹¡£¾ì¹ç¤Ë¤è¤Ã¤Æ¤Ï¡¢Ã´ÊݤˤȤé¤ì¤Æ¤¤¤ë»ñ»º¤ÈÂßÉն⤬ÅêÆþ¤µ¤ì¤Æ¤¤¤ë»ö¶È»ñ»º¤¬°Û¤Ê¤Ã¤Æ¤¤¤Æ¤â¡¢ÆÃÊÌÌäÂê¤Ç¤Ï¤Ê¤«¤Ã¤¿¤È¤¤¤¦¸½¾õ¤¬¤¢¤ê¤Þ¤¹¡£
¤â¤¦°ì¤Ä¤ÎÂ礭¤Êµç¶­¸¶°ø¤Ï¥È¥Ã¥×¥À¥¦¥ó»ñËܼçµÁ¤¬¤â¤¿¤é¤·¤¿¤â¤Î¤Ç¤¢¤Ã¤¿¤È»×¤¤¤Þ¤¹¡£Àï»þ·ÐºÑ²¼¤¢¤ë¤¤¤ÏÀè¿Ê¹ñ¤Ø¤Î¥­¥ã¥Ã¥Á¥¢¥Ã¥×²áÄø¤Ë¤ª¤¤¤Æ¡¢Ì±´Ö¤Î»ñËܤÎÉÔ­¤ò½¼Â­¤¹¤ë°ÕÌ£¤Ç¡¢´±¤¬¤³¤ì¤òÄ󶡤¹¤ë¤³¤È¤¬¹çÍýŪ¤Ç¤·¤¿¡£¤·¤«¤·¤Ê¤¬¤é¡¢Ì±¶È¤¬¼«Î§Åª¤ËȯŸ¤ò¿ë¤²¤¿Ãʳ¬¤Ë»ê¤Ã¤Æ¤â¤Ê¤ª´±¶È¤¬Æ±ÍͤγèÆ°¤ò³¤±¤è¤¦¤È¤¹¤ë¤È¡¢µÑ¤Ã¤Æ̱¶È¤ÎȯŸ¤òÁ˳²¤¹¤ë¤³¤È¤Ë¤Ê¤ê¤Þ¤¹¡£ËÜÍè¡¢´±¶È¤¬»ñËܤÎÏÀÍý¤Çµ¡Ç½¤¹¤ë¤³¤È¤Ï¤¢¤êÆÀ¤Ê¤¤¤È¤¤¤¦¤³¤È¤«¤é¤Ç¤¢¤ê¤Þ¤¹¡£

´±¶È¤Î°ÕµÁ¤Ï»Ô¾ì·ÐºÑ¤Î¼ºÇÔ¤ÎÊä´°¶È̳¤Ç¤¹¡£ÅöÁ³¡¢»ñËܤζ§Ë½À­¤ä̵µ¡¼ÁÀ­¤òÊä´°Ä´À°¤¹¤ë¤ËÅö¤¿¤Ã¤Æ¤Ï»ñËܸúΨÀ­¤ò°Õ¿ÞŪ¤ËÇË´þ¤·¤Ê¤±¤ì¤Ð¤Ê¤ê¤Þ¤»¤ó¡£½¾¤Ã¤Æ¡¢»ñËܼçµÁ·ÐºÑ¤Ë¤ª¤¤¤Æ¤Ï´±¤Î·ÐºÑ¤Ø¤Î²ðÆþ¤ÏÎÌŪ¤Ë¤â»þ´ÖŪ¤Ë¤âºÇ¾®¸ÂÅ٤Τâ¤Î¤Ë¸Â¤é¤ì¤ë¤Ù¤­¤â¤Î¤Ç¤¢¤í¤¦¤È¹Í¤¨¤Þ¤¹¡£

ÆüËܤÏÀï¸å·ÐºÑ¤ÎÉü¶½¤ÎÀ®¸ù¤¬´±»ØƳ¤Ë¤è¤ëÉôʬ¤¬Â礭¤¤¤È¤Î»×¤¤¹þ¤ß¤¬¶¯¤¯¡¢¥Ç¥Õ¥ì¤Î²ç¤¬¤³¤Î¹ñ¤ò½±¤Ã¤Æ¤â¤Ê¤ª¸øŪ»ñ¶âÅêÆþ¤ä´±¶È¤Ë¤è¤ë̱´Ö²ðÆþ¤¬Â³¤­¤Þ¤·¤¿¡£¤½¤Î·ë²Ì¡¢¤Þ¤¹¤Þ¤¹¹ṉ̃»ñËܤÎÈó¸úΨŪ¤ÊÅêÆþ¤¬·«¤êÊÖ¤µ¤ì¡¢È´ËÜŪ·ÐºÑ²óÉü¤òÃ٤餻¤¿¤Î¤À¤È»×¤Ã¤Æ¤ª¤ê¤Þ¤¹¡£

ÌÞÏÀ¡¢¼ÂºÝ¤Îµç¶­¤ËľÌ̤·¤Æ¤¤¤ë¶âÍ»µ¡´Ø¤ÈÅö³º»ö¶È²ñ¼Ò¤ÎÌäÂê¤Ï½ã¿è¤Ê»Ô¾ì¸¶Íý¼çµÁ¤À¤±¤Ç¤Ï²ò¾Ã¤·¤Þ¤»¤ó¡£¤à¤·¤í»Ô¾ì¤Î¼ºÇÔ¤¬¤¢¤ë¤«¤é¤³¤½µç¶­¤Ë´Ù¤Ã¤Æ¤¤¤ë¤È¤¤¤¨¤Þ¤¹¡£»º¶ÈºÆÀ¸µ¡¹½¤¬ÉáÄ̤δ±¶È¤È°Û¤Ê¤ëÅÀ¤Ï¡¢¤¢¤¯¤Þ¤Ç»ñËܸúΨ¤Î²óÉü¡¢»Ô¾ìµ¬Î§¤Ë´ð¤Å¤¤¤¿´ë¶ÈÅý¼£À©Å٤μùΩ¤Ê¤É¡¢Ì±´Ö´ë¶È¤Î¼ºÇԤϻԾ츶Íý¤Ë´ð¤Å¤¤¤Æ̱´Ö¥Ù¡¼¥¹¤Ç½èÍý¤¹¤Ù¤­¤À¤È¤¤¤¦ÍýÇ°¤Ç¹ÔÆ°¤·¤Æ¤¤¤ë¤È¤¤¤¦¤È¤³¤í¤Ç¤¢¤ê¤Þ¤¹¡£

¤ï¤ì¤ï¤ì¤Ï¡¢»Ù±ç·èÄê¸å¡¢Ç㤤¼è¤Ã¤¿»ñ»º¤òɬ¤º3ǯ°ÊÆâ¤ËÇäµÑ¤·¤Ê¤±¤ì¤Ð¤Ê¤é¤Ê¤¤¤È¤¤¤¦Ë¡ÅªÍ×ÀÁ¤Ë´ð¤Å¤¤¤Æ»Å»ö¤Ë¼è¤êÁȤó¤Ç¤¤¤Þ¤¹¡£»Ô¾ìÍýÏÀ¤ò̵»ë¤·¤¿¤¤¤«¤Ê¤ë»Ù±ç¤â·ë¶ÉEXIT¤È¤¤¤¦»Ô¾ì¤ËÇø¤µ¤ì¤ë±¿Ì¿¤Ë¤¢¤ê¤Þ¤·¤Æ¡¢¤½¤³¤ÇÅê»ñ»ñ¶â¤Î²ó¼ý¤Ë¼ºÇÔ¤¹¤ì¤Ð¹ṉ̃Ééô¤Ë¤Ä¤Ê¤¬¤ë¤È¤¤¤¦¥á¥«¥Ë¥º¥à¤Ë¤Ê¤Ã¤Æ¤ª¤ê¤Þ¤¹¡£²æ¡¹¤Î»Å»ö¤ÎºÇ¸å¤Îɾ²Á¤Ï»Ô¾ì¤¬·ë¿³¤¹¤ë°Ê¾å¡¢ºÇ½é¤«¤éÅ°Ä줷¤¿»Ô¾ìÍýÏÀ¤Ë´ð¤Å¤¤¤ÆÆ°¤¤¤Æ¤¤¤«¤¶¤ë¤òÆÀ¤Ê¤¤¤È¤¤¤¦¤³¤È¤Ç¤¢¤ê¤Þ¤¹¡£

²þÀµ¶âÍ»¸¡ºº¥Þ¥Ë¥å¥¢¥ë¤Ë¤Ï¡Ö¼çÍ׶ä¹Ô¤ÎÍ×´ÉÍýÀè¤ÈÇËþ·üÇ°Àè¤Ë¤Ê¤Ã¤Æ¤¤¤ë100²¯±ß°Ê¾å¤ÎÂç¸ýºÄ¸¢¤Ë¤ÏDCF(Discount Cash Flow)Ë¡¤òŬÍѤ¹¤ë¤³¤È¤¬Ë¾¤Þ¤·¤¤¡×¤È¤µ¤ì¤Æ¤¤¤Þ¤¹¤¬¡¢»º¶ÈºÆÀ¸µ¡¹½¤¬¹Ô¤Ã¤¿»ñ»ºººÄê¤Ç¤Ï¡¢¼ÂÂÖB/S¤ÎÀººº¤ò¹Ô¤¤»ñ»º¤ÎÂ礭¤¤¶È¼ï¤Ë¤Ï¤É¤Á¤é¤«¤È¤¤¤¦¤È¼ÂÂÖB/S¤ò¥Ù¡¼¥¹¤È¤·¤¿¼è¤êÁȤߤò¤ä¤ê¤Þ¤·¤¿¡£

¡¡¼ÂÂÖ¿ô»ú¤ÎÇÄ°®¤Ï¡¢ÀѶËŪ¤Ë¸ºÂ»²ñ·×¤ÎÁ°Åݤ·ÅªÅ¬ÍѤäÍ­²Á¾Ú·ôÅù¤ËÂФ¹¤ë»þ²Á²ñ·×¤ÎŬÍѤò¿´¤¬¤±¤Þ¤·¤¿¡£»Ù±ç·èÄê¤Î¤¿¤á¤Î´ð½à¤È¤·¤Æ¤Ï¡¢¥Õ¥ê¡¼¥­¥ã¥Ã¥·¥å¥Õ¥í¡¼¤Î10ÇÜ°ÊÆâ¤ËÍ­Íø»ÒÉéºÄ¤òÍÞ¤¨¤ëɬÍפ¬¤¢¤ê¤Þ¤¹¡£¥¨¥¯¥¤¥Æ¥£¡¼¤ÎEXIT¤Î´ÑÅÀ¤«¤é¤Ï´ë¶È²ÁÃͤγµÇ°¤ò¾ï¤ËƬ¤ËÆþ¤ì¤Æ¤ª¤¯É¬Íפ¬¤¢¤ê¤Þ¤¹¡£´ë¶È²ÁÃͺºÄê¤Î¤¿¤á¤ÎDCF¤äEBITDA¤ò¤Þ¤È¤á¤Ê¤¬¤éºî¶È¤ò¹Ô¤Ã¤¿¤È¤¤¤¦¤³¤È¤Ç¤¢¤ê¤Þ¤¹¡£

ÏÃÂê¤òÊѤ¨¤Þ¤·¤Æ¡¢»º¶ÈºÆÀ¸µ¡¹½¤Î¶âÍ»»Ù±ç¤Ï»äŪÀ°Íý¤Î°ì´Ä¤Ç¤¢¤ê¤Þ¤¹¡£Ë¡ÅªÀ°Íý¤Îº¬ËܤÏÊ¿ÅùÀ­¤È¸øÊ¿À­¤Ç¤¹¡£¤·¤«¤·¡¢»º¶ÈºÆÀ¸µ¡¹½Ë¡¤Ï¤¢¤¨¤Æ¤³¤Î¸¶Â§¤òƧ½±¤·¤Æ¤ª¤ê¤Þ¤»¤ó¡£¤½¤¦¤¤¤¦°ÕÌ£¤Ç¤³¤Îµ¡¹½¤Î¼êË¡¤Ï»äŪÀ°Íý¤Î°ì´Ä¤Ç¤¢¤ë¤È¤¤¤¨¤Þ¤¹¡£ÂоݤȤ¹¤ëºÄ¸¢¤Ï¶âÍ»µ¡´Ø¤¬ÊÝÍ­¤¹¤ë¤â¤Î¤Ë¸Â¤é¤ì¡¢°ìÈ̤κĸ¢¤ÏÍ¥ÀèÊۺѤµ¤ì¤ë¹½Â¤¤Ë¤Ê¤Ã¤Æ¤ª¤ê¤Þ¤¹¡£¤¤¤ï¤æ¤ëÊпüÊۺѤ¬²Äǽ¤Ç¤¢¤ë¤È¤¤¤¦¤³¤È¤Ç¤¢¤ê¤Þ¤¹¡£µ¡¹½¤¬Æþ¤ë¤³¤È¤Ë¤è¤Ã¤Æ»äŪÀ°Íý¤Î¸¶Â§¤Ç¤¢¤ë100¡óƱ°Õ¤Ë¤è¤ë»Ù±ç¹ç°Õ¤Îº¤ÆñÀ­¤äÃÙ±äÀ­¤ò´ËϤ·¤Æ¤¤¤ë¤È¤¤¤¦¤³¤È¤¬¤¤¤¨¤Þ¤¹¡£

ˡŪÀ°Íý¤ÏÂоݴë¶È¤Î»ö¶È²ÁÃͤòÂ礭¤¯Â»¤Ê¤¤¤Þ¤¹¡£¤Þ¤¿¡¢ºÛȽ½ê¤Ë¤è¤ë¿¿ô·èºÛÄê¤Ë»ê¤ë¤Þ¤Ç¤Ë¤ÏÁêÅö¤Î»þ´Ö¤òÍפ·¤Æ¡¢É¬Íװʾå¤Ë»ö¶ÈºÆÀ¸¤òº¤Æñ¤Ë¤ª¤È¤·¤á¤ë¤È¤¤¤¦ÌäÂêÅÀ¤¬¤¢¤ê¤Þ¤·¤¿¡£µ¡¹½¤Ï´Éºâ¿Í¤Ç¤Ï¤¢¤ê¤Þ¤»¤ó¤¬¡¢ÃæΩÀ­¡¢¸øÊ¿À­¤¬Ã´Êݤµ¤ì¤Æ¤¤¤Þ¤¹¡£¤½¤ì¤Ë¤è¤Ã¤Æ»ö¶È¤ÎÔÌ»¤äºÄ¸¢¼Ô´Ö¤ÎÍø¸Ê¼çÄ¥¤ò¤¢¤ëÄøÅÙÀ©»ß¤¹¤ë¤³¤È¤¬¤Ç¤­¤Þ¤·¤¿¡£

»º¶ÈºÆÀ¸µ¡¹½¤Î¸úÍѤΤ⤦°ì¤Ä¤Ë°ì»þÄä»ß¤¬¤¢¤ê¤Þ¤¹¡£»Ù±ç·èÄ꤫¤é3¥«·î´Ö¤Ë¸Â¤ê¡¢ºÄ¸¢¼Ô¤Î¸¢Íø¹Ô»È¤òÄä»ß¤µ¤»¤ë¤³¤È¤¬¤Ç¤­¤Þ¤¹¡£¤³¤Î´ü´Ö¤òÍøÍѤ·¤Æ¡¢¤ï¤ì¤ï¤ì¤Ï¶âÍ»µ¡´Ø¤È¤ÎÄ´À°¡¢Èó¥á¥¤¥ó¤È¤ÎÄ´À°¤ò¹Ô¤Ã¤ÆºÄ¸¢¤ÎÇã¼è¤ê¤ò¹Ô¤¤¤Þ¤·¤¿¡£¤Þ¤¿¶âÍ»»Ù±ç¤Ï¥á¥¤¥ó¡¢Èó¥á¥¤¥ó¤òÌä¤ï¤º¡¢¸¶Â§¥×¥í¥é¥¿¤Ç¹Ô¤Ã¤Æ¤¤¤Þ¤¹¡£¤³¤ì¤Ë¤è¤Ã¤ÆºÆÀ¸¤òÁ˳²¤·¤Æ¤­¤¿¥á¥¤¥ó´ó¤»¤ò¤¯¤¤»ß¤á¤Æ¤¤¤Þ¤¹¡£»º¶ÈºÆÀ¸µ¡¹½¤Ë¤ÏˡŪ¤ÊÎϤϤ¢¤ê¤Þ¤»¤ó¡£»ö¶È²ñ¼Ò¤È¥á¥¤¥ó¶ä¹Ô¤«¤éºÆ·úºö¤ò¤ª»ý¤Á¤³¤ß¤¤¤¿¤À¤¤¤Æ¡¢¤½¤³¤«¤éºî¶È¤¬»Ï¤Þ¤ê¤Þ¤¹¡£¤ï¤ì¤ï¤ì¤ÎÊý¤«¤éǽưŪ¤Ë¶ä¹Ô¤ä»ö¶È²ñ¼Ò¤ËƯ¤­¤«¤±¤ë¤³¤È¤Ï°ìÀÚ¤¢¤ê¤Þ¤»¤ó¡£Èó¥á¥¤¥ó¤ÎÀâÆÀ¤Ï¡¢Ë¡ÅªÀ°Íý¤È¤ÎÈæ³Ó¡¢»ö¶ÈºÆÀ¸¥â¥Ç¥ë¤Î¹çÍýÀ­¡¢ºâ̳ººÄê¤Î¹çÍýÀ­¤Ê¤É¤ò°ì¤Ä°ì¤ÄÀâÌÀ¤¹¤ë¤³¤È¤À¤±¤Ç¤¢¤ê¤Þ¤¹¡£¤½¤ì¤ÏǦÂѤÈÀìÌçŪÃ챤ÈÇ®°Õ¤¬É¬ÍפʻŻö¤Ç¤¹¡£

¸½ºß¡¢±ä¤Ù£±Ãû±ßÁ°¸å¤Î»ñ¶â¤Ç41·ï¤Î»Ù±ç¤¬¸«Ä̤»¤ë¤È·ëÏÀ¤Å¤±¤Æ¤ª¤ê¤Þ¤¹¡£Í½»»³Û10Ãû±ß¤ò»È¤¤ÀڤäƤ¤¤Ê¤¤¤È¤¤¤¦ÈãȽ¤á¤¤¤¿ÊóÆ»¤¬¤Ê¤µ¤ì¤Æ¤¤¤Þ¤¹¤¬¡¢²æ¡¹¤¬Ç¡²¿¤Ë»ñËܤθúΨ»ÈÍѤ˿À·Ð¤ò½¸Ã椷¤Æ¤­¤¿¤«¤Î¾ÚÌÀ¤È¸«¤ë¤Ù¤­¤Ç¤Ï¤Ê¤¤¤«¤È»×¤Ã¤Æ¤ª¤ê¤Þ¤¹¡£

¤³¤³¤ÇÀǤÎÌäÂê¤ò¤ªÏä·¤·¤Þ¤¹¡£Ë¡ÅªÀ°Íý¤Ë¤è¤ëºÄ¸¢Êü´þ¤Ï»¶â½èÍý¤¬²Äǽ¤Ç¤¹¡£»äŪÀ°Íý¤Ç¤Ï¡¢¡Ö¹çÍýŪºÆ·ú·×²è¤Ë´ð¤Å¤¯ºÄ¸¢Êü´þ¡×¤À¤±¤¬Â»¶â½èÍý¤Ç¤­¤Þ¤¹¤¬¡¢»º¶ÈºÆÀ¸µ¡¹½¤òÄ̤·¤¿¾ì¹ç¤Ï¡¢¹ñÀÇÅö¶É¤Ï°ì±þ¡¢¹çÍýŪºÄ¸¢Êü´þ¤È¤ß¤Ê¤¹¤È¤¤¤¦¤³¤È¤Ë¤Ê¤Ã¤Æ¤ª¤ê¤Þ¤¹¡£¤µ¤é¤Ë¡¢·ÐºÑ»º¶È¾ÊÅù¤«¤é¡Ö»º³èË¡¡×¤ÎǧÄê¤ò¼õ¤±¤ì¤Ð¡¢Ë¡ÅªÀ°Íý¤ÈƱÍͤ˺Ä̳ÌȽü±×¤È»ñ»º¤Îɾ²Á»¤È¤ÎÁ껦¤â²Äǽ¤Ë¤Ê¤Ã¤Æ¤­¤Þ¤¹¡£

ºÇ¸å¤Ë¥¨¥¯¥¤¥Æ¥¤¡¼¥Þ¥Í¡¼¤ÎÅêÆþ¤Ë¤Ä¤¤¤ÆÏäò¤¤¤¿¤·¤Þ¤¹¡£¤ï¤ì¤ï¤ì¤Ï¤¤¤¯¤Ä¤«¤Î¥±¡¼¥¹¤Ç³ô¼°¤ò»ý¤Á¤Þ¤·¤¿¡£µ¡¹½¤È¤·¤Æ»ö¶È¥â¥Ç¥ë¤ÎÈ´ËÜŪ²þ³×¤ò¹Ô¤¦¤Ë¤Ï¡¢»º¶ÈºÆÀ¸µ¡¹½¤¬¼«Ê¬¤ÇDES¤ä¿·µ¬»ñ¶â¤ÎÅêÆþ¤Ë¤è¤Ã¤Æ¥¨¥¯¥¤¥Æ¥¤¡¼¤Î¥Þ¥¸¥ç¥ê¥Æ¥£¡¼¤ò¼è¤ë¤³¤È¤¬É¬ÍפǤ¹¡£¤³¤Î¤è¤¦¤Ê¾ì¹ç¤Ë¤Ï¡¢´ë¶È¤Î´ë²è¤ä¥·¥¹¥Æ¥à¡¢¾ì¹ç¤Ë¤è¤Ã¤Æ¤Ï¥Õ¥í¥ó¥È¤Þ¤Ç¡¢µ¡¹½¤Î¥¹¥¿¥Ã¥Õ¤¬Æþ¤ê¹þ¤ó¤Ç¡¢ºÆ·ú¤ò³Î¼Â¤Ê¤â¤Î¤Ë¤·¤Æ¤ª¤ê¤Þ¤¹¡£

°Ê¾å³µÎ¬¤Ç¤¹¤¬»º¶ÈºÆÀ¸µ¡¹½¤Î¸½¶·Åù¤ò¤´Êó¹ð¤µ¤»¤Æ¤¤¤¿¤À¤­¤Þ¤·¤¿¡£