{"id":1452,"date":"2026-11-06T08:00:00","date_gmt":"2026-11-05T23:00:00","guid":{"rendered":"https:\/\/marketsquare.jp\/?p=1452"},"modified":"2026-10-31T15:28:06","modified_gmt":"2026-10-31T06:28:06","slug":"%e3%80%902027%e5%b9%b4%e3%80%91%e7%b1%b3%e5%9b%bd%e6%a0%aa%e3%81%8a%e3%81%99%e3%81%99%e3%82%8110%e7%a4%be%ef%bd%9c%e5%8c%bb%e7%99%82%e6%a9%9f%e5%99%a8%e3%83%bb%e6%ac%a1%e4%b8%96%e4%bb%a3%e5%89%b5","status":"publish","type":"post","link":"https:\/\/marketsquare.jp\/?p=1452","title":{"rendered":"\u30102027\u5e74\u3011\u7c73\u56fd\u682a\u304a\u3059\u3059\u308110\u793e\uff5c\u533b\u7642\u6a5f\u5668\u30fb\u6b21\u4e16\u4ee3\u5275\u85ac\u306e\u30d8\u30eb\u30b9\u30b1\u30a2\u6210\u9577\u682a"},"content":{"rendered":"\n<p 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class=\"wp-block-paragraph\"><strong>\u7d50\u8ad6\uff1a<\/strong>2027\u5e74\u306e\u6ce8\u76ee\u30c6\u30fc\u30de\u306f\u300c\u9ad8\u9f62\u5316\u00d7\u533b\u7642\u30a4\u30ce\u30d9\u30fc\u30b7\u30e7\u30f3\u300d\u3002\u53b3\u907810\u793e\u306f\u3001\u30b9\u30c8\u30e9\u30a4\u30ab\u30fc\uff08SYK\uff09\u3001\u30a2\u30dc\u30c3\u30c8\u30fb\u30e9\u30dc\u30e9\u30c8\u30ea\u30fc\u30ba\uff08ABT\uff09\u3001\u30dc\u30b9\u30c8\u30f3\u30fb\u30b5\u30a4\u30a8\u30f3\u30c6\u30a3\u30d5\u30a3\u30c3\u30af\uff08BSX\uff09\u3001\u30c7\u30af\u30b9\u30b3\u30e0\uff08DXCM\uff09\u3001\u30a4\u30f3\u30b9\u30ec\u30c3\u30c8\uff08PODD\uff09\u3001\u30d0\u30fc\u30c6\u30c3\u30af\u30b9\u30fb\u30d5\u30a1\u30fc\u30de\u30b7\u30e5\u30fc\u30c6\u30a3\u30ab\u30eb\u30ba\uff08VRTX\uff09\u3001\u30a2\u30eb\u30ca\u30a4\u30e9\u30e0\u30fb\u30d5\u30a1\u30fc\u30de\u30b7\u30e5\u30fc\u30c6\u30a3\u30ab\u30eb\u30ba\uff08ALNY\uff09\u3001\u30b5\u30fc\u30e2\u30d5\u30a3\u30c3\u30b7\u30e3\u30fc\u30fb\u30b5\u30a4\u30a8\u30f3\u30c6\u30a3\u30d5\u30a3\u30c3\u30af\uff08TMO\uff09\u3001\u30e1\u30c9\u30da\u30fc\u30b9\u30fb\u30db\u30fc\u30eb\u30c7\u30a3\u30f3\u30b0\u30b9\uff08MEDP\uff09\u3001\u30c6\u30f3\u30d1\u30b9AI\uff08TEM\uff09\u3067\u3059\u3002\u5927\u578b\u306e\u5b89\u5b9a\u682a\u3068\u4e2d\u578b\u306e\u6210\u9577\u682a\u3092\u7d44\u307f\u5408\u308f\u305b\u30011\u3064\u306e\u6280\u8853\u30841\u3064\u306e\u898f\u5236\u306b\u4f9d\u5b58\u3057\u306a\u3044\u69cb\u6210\u306b\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<\/div><\/div>\n\n\n\n<div 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href=\"https:\/\/marketsquare.jp\/?p=1452\/#2027%E5%B9%B4%E3%83%88%E3%83%AC%E3%83%B3%E3%83%89%E7%B1%B3%E5%9B%BD%E6%A0%AA10%E7%A4%BE%E3%81%AE%E4%B8%80%E8%A6%A7%E8%A1%A8\" >2027\u5e74\u30c8\u30ec\u30f3\u30c9\u7c73\u56fd\u682a10\u793e\u306e\u4e00\u89a7\u8868<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/marketsquare.jp\/?p=1452\/#%E5%8C%BB%E7%99%82%E6%A9%9F%E5%99%A8%E3%83%BB%E6%89%8B%E8%A1%93%E3%81%AE%E6%B3%A8%E7%9B%AE%E7%B1%B3%E5%9B%BD%E6%A0%AA3%E7%A4%BE\" >\u533b\u7642\u6a5f\u5668\u30fb\u624b\u8853\u306e\u6ce8\u76ee\u7c73\u56fd\u682a3\u793e<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/marketsquare.jp\/?p=1452\/#%E3%82%B9%E3%83%88%E3%83%A9%E3%82%A4%E3%82%AB%E3%83%BC%EF%BC%88SYK%EF%BC%89\" >\u30b9\u30c8\u30e9\u30a4\u30ab\u30fc\uff08SYK\uff09<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link 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class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/marketsquare.jp\/?p=1452\/#%E3%83%90%E3%83%BC%E3%83%86%E3%83%83%E3%82%AF%E3%82%B9%E3%83%BB%E3%83%95%E3%82%A1%E3%83%BC%E3%83%9E%E3%82%B7%E3%83%A5%E3%83%BC%E3%83%86%E3%82%A3%E3%82%AB%E3%83%AB%E3%82%BA%EF%BC%88VRTX%EF%BC%89\" >\u30d0\u30fc\u30c6\u30c3\u30af\u30b9\u30fb\u30d5\u30a1\u30fc\u30de\u30b7\u30e5\u30fc\u30c6\u30a3\u30ab\u30eb\u30ba\uff08VRTX\uff09<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/marketsquare.jp\/?p=1452\/#%E3%82%A2%E3%83%AB%E3%83%8A%E3%82%A4%E3%83%A9%E3%83%A0%E3%83%BB%E3%83%95%E3%82%A1%E3%83%BC%E3%83%9E%E3%82%B7%E3%83%A5%E3%83%BC%E3%83%86%E3%82%A3%E3%82%AB%E3%83%AB%E3%82%BA%EF%BC%88ALNY%EF%BC%89\" >\u30a2\u30eb\u30ca\u30a4\u30e9\u30e0\u30fb\u30d5\u30a1\u30fc\u30de\u30b7\u30e5\u30fc\u30c6\u30a3\u30ab\u30eb\u30ba\uff08ALNY\uff09<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/marketsquare.jp\/?p=1452\/#%E5%89%B5%E8%96%AC%E3%82%A4%E3%83%B3%E3%83%95%E3%83%A9%E3%83%BBAI%E5%8C%BB%E7%99%82%E3%81%AE%E6%B3%A8%E7%9B%AE%E7%B1%B3%E5%9B%BD%E6%A0%AA3%E7%A4%BE\" >\u5275\u85ac\u30a4\u30f3\u30d5\u30e9\u30fbAI\u533b\u7642\u306e\u6ce8\u76ee\u7c73\u56fd\u682a3\u793e<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/marketsquare.jp\/?p=1452\/#%E3%82%B5%E3%83%BC%E3%83%A2%E3%83%95%E3%82%A3%E3%83%83%E3%82%B7%E3%83%A3%E3%83%BC%E3%83%BB%E3%82%B5%E3%82%A4%E3%82%A8%E3%83%B3%E3%83%86%E3%82%A3%E3%83%95%E3%82%A3%E3%83%83%E3%82%AF%EF%BC%88TMO%EF%BC%89\" >\u30b5\u30fc\u30e2\u30d5\u30a3\u30c3\u30b7\u30e3\u30fc\u30fb\u30b5\u30a4\u30a8\u30f3\u30c6\u30a3\u30d5\u30a3\u30c3\u30af\uff08TMO\uff09<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/marketsquare.jp\/?p=1452\/#%E3%83%A1%E3%83%89%E3%83%9A%E3%83%BC%E3%82%B9%E3%83%BB%E3%83%9B%E3%83%BC%E3%83%AB%E3%83%87%E3%82%A3%E3%83%B3%E3%82%B0%E3%82%B9%EF%BC%88MEDP%EF%BC%89\" >\u30e1\u30c9\u30da\u30fc\u30b9\u30fb\u30db\u30fc\u30eb\u30c7\u30a3\u30f3\u30b0\u30b9\uff08MEDP\uff09<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/marketsquare.jp\/?p=1452\/#%E3%83%86%E3%83%B3%E3%83%91%E3%82%B9AI%EF%BC%88TEM%EF%BC%89\" >\u30c6\u30f3\u30d1\u30b9AI\uff08TEM\uff09<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/marketsquare.jp\/?p=1452\/#%E7%B1%B3%E5%9B%BD%E6%A0%AA%E3%81%AE%E8%B2%B7%E3%81%84%E6%96%B9%EF%BD%9C%E6%96%B0NISA%E6%88%90%E9%95%B7%E6%8A%95%E8%B3%87%E6%9E%A0%E3%81%A8%E7%82%BA%E6%9B%BF%E3%83%AA%E3%82%B9%E3%82%AF\" 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>2027\u5e74\u306e\u7c73\u56fd\u30d8\u30eb\u30b9\u30b1\u30a2\u682a\u306b\u95a2\u3059\u308b\u3088\u304f\u3042\u308b\u8cea\u554f\uff08FAQ\uff09<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-24\" href=\"https:\/\/marketsquare.jp\/?p=1452\/#Q_2027%E5%B9%B4%E3%81%AB%E7%B1%B3%E5%9B%BD%E3%81%AE%E3%83%98%E3%83%AB%E3%82%B9%E3%82%B1%E3%82%A2%E6%A0%AA%E3%81%8C%E3%83%88%E3%83%AC%E3%83%B3%E3%83%89%E3%81%AB%E3%81%AA%E3%82%8B%E3%81%A8%E8%80%83%E3%81%88%E3%82%89%E3%82%8C%E3%82%8B%E7%90%86%E7%94%B1%E3%81%AF%EF%BC%9F\" >Q. 2027\u5e74\u306b\u7c73\u56fd\u306e\u30d8\u30eb\u30b9\u30b1\u30a2\u682a\u304c\u30c8\u30ec\u30f3\u30c9\u306b\u306a\u308b\u3068\u8003\u3048\u3089\u308c\u308b\u7406\u7531\u306f\uff1f<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-25\" href=\"https:\/\/marketsquare.jp\/?p=1452\/#Q_%E3%83%98%E3%83%AB%E3%82%B9%E3%82%B1%E3%82%A2%E6%A0%AA%E3%81%AF%E3%83%87%E3%82%A3%E3%83%95%E3%82%A7%E3%83%B3%E3%82%B7%E3%83%96%E6%A0%AA%E3%81%A8%E8%80%83%E3%81%88%E3%81%A6%E3%82%88%E3%81%84%E3%81%A7%E3%81%99%E3%81%8B%EF%BC%9F\" >Q. \u30d8\u30eb\u30b9\u30b1\u30a2\u682a\u306f\u30c7\u30a3\u30d5\u30a7\u30f3\u30b7\u30d6\u682a\u3068\u8003\u3048\u3066\u3088\u3044\u3067\u3059\u304b\uff1f<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-26\" href=\"https:\/\/marketsquare.jp\/?p=1452\/#Q_%E6%96%B0NISA%E3%81%A7%E7%B1%B3%E5%9B%BD%E3%81%AE%E5%80%8B%E5%88%A5%E6%A0%AA%E3%82%92%E8%B2%B7%E3%81%86%E3%81%93%E3%81%A8%E3%81%AF%E3%81%A7%E3%81%8D%E3%81%BE%E3%81%99%E3%81%8B%EF%BC%9F\" >Q. \u65b0NISA\u3067\u7c73\u56fd\u306e\u500b\u5225\u682a\u3092\u8cb7\u3046\u3053\u3068\u306f\u3067\u304d\u307e\u3059\u304b\uff1f<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-27\" href=\"https:\/\/marketsquare.jp\/?p=1452\/#Q_%E5%B0%91%E9%A1%8D%E3%81%8B%E3%82%89%E5%A7%8B%E3%82%81%E3%82%8B%E3%81%AA%E3%82%89%E3%81%A9%E3%81%AE%E9%8A%98%E6%9F%84%E3%81%8C%E5%90%91%E3%81%84%E3%81%A6%E3%81%84%E3%81%BE%E3%81%99%E3%81%8B%EF%BC%9F\" >Q. \u5c11\u984d\u304b\u3089\u59cb\u3081\u308b\u306a\u3089\u3069\u306e\u9298\u67c4\u304c\u5411\u3044\u3066\u3044\u307e\u3059\u304b\uff1f<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-28\" href=\"https:\/\/marketsquare.jp\/?p=1452\/#Q_GLP-1%EF%BC%88%E8%82%A5%E6%BA%80%E7%97%87%E6%B2%BB%E7%99%82%E8%96%AC%EF%BC%89%E3%81%AE%E6%99%AE%E5%8F%8A%E3%81%AF%E5%8C%BB%E7%99%82%E6%A9%9F%E5%99%A8%E6%A0%AA%E3%81%AB%E3%83%9E%E3%82%A4%E3%83%8A%E3%82%B9%E3%81%A7%E3%81%99%E3%81%8B%EF%BC%9F\" >Q. GLP-1\uff08\u80a5\u6e80\u75c7\u6cbb\u7642\u85ac\uff09\u306e\u666e\u53ca\u306f\u533b\u7642\u6a5f\u5668\u682a\u306b\u30de\u30a4\u30ca\u30b9\u3067\u3059\u304b\uff1f<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-29\" href=\"https:\/\/marketsquare.jp\/?p=1452\/#Q_%E3%83%98%E3%83%AB%E3%82%B9%E3%82%B1%E3%82%A2ETF%E3%81%A8%E5%80%8B%E5%88%A5%E6%A0%AA%E3%80%81%E3%81%A9%E3%81%A1%E3%82%89%E3%81%8C%E3%82%88%E3%81%84%E3%81%A7%E3%81%99%E3%81%8B%EF%BC%9F\" >Q. \u30d8\u30eb\u30b9\u30b1\u30a2ETF\u3068\u500b\u5225\u682a\u3001\u3069\u3061\u3089\u304c\u3088\u3044\u3067\u3059\u304b\uff1f<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-30\" href=\"https:\/\/marketsquare.jp\/?p=1452\/#%E3%81%BE%E3%81%A8%E3%82%81%EF%BD%9C2027%E5%B9%B4%E3%81%AF%E3%80%8C%E9%AB%98%E9%BD%A2%E5%8C%96%C3%97%E5%8C%BB%E7%99%82%E3%82%A4%E3%83%8E%E3%83%99%E3%83%BC%E3%82%B7%E3%83%A7%E3%83%B3%E3%80%8D%E3%81%AE%E7%B1%B3%E5%9B%BD%E6%A0%AA%E3%81%AB%E6%B3%A8%E7%9B%AE\" >\u307e\u3068\u3081\uff5c2027\u5e74\u306f\u300c\u9ad8\u9f62\u5316\u00d7\u533b\u7642\u30a4\u30ce\u30d9\u30fc\u30b7\u30e7\u30f3\u300d\u306e\u7c73\u56fd\u682a\u306b\u6ce8\u76ee<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"2027%E5%B9%B4%E3%81%AB%E7%B1%B3%E5%9B%BD%E3%83%98%E3%83%AB%E3%82%B9%E3%82%B1%E3%82%A2%E6%A0%AA%E3%81%8C%E3%83%88%E3%83%AC%E3%83%B3%E3%83%89%E3%81%AB%E3%81%AA%E3%82%8B3%E3%81%A4%E3%81%AE%E8%83%8C%E6%99%AF\"><\/span>2027\u5e74\u306b\u7c73\u56fd\u30d8\u30eb\u30b9\u30b1\u30a2\u682a\u304c\u30c8\u30ec\u30f3\u30c9\u306b\u306a\u308b3\u3064\u306e\u80cc\u666f<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E8%83%8C%E6%99%AF1%EF%BC%9A%E9%AB%98%E9%BD%A2%E5%8C%96%E3%81%A7%E3%80%8C%E6%89%8B%E8%A1%93%E3%80%8D%E3%81%A8%E3%80%8C%E6%85%A2%E6%80%A7%E7%96%BE%E6%82%A3%E7%AE%A1%E7%90%86%E3%80%8D%E3%81%AE%E9%9C%80%E8%A6%81%E3%81%8C%E5%A2%97%E3%81%88%E3%82%8B\"><\/span>\u80cc\u666f1\uff1a\u9ad8\u9f62\u5316\u3067\u300c\u624b\u8853\u300d\u3068\u300c\u6162\u6027\u75be\u60a3\u7ba1\u7406\u300d\u306e\u9700\u8981\u304c\u5897\u3048\u308b<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u7c73\u56fd\u52e2\u8abf\u67fb\u5c40\u306e2025\u5e74\u4eba\u53e3\u63a8\u8a08\u306b\u3088\u308b\u3068\u30012020\u5e74\u304b\u30892025\u5e74\u306b\u304b\u3051\u306665\u6b73\u4ee5\u4e0a\u306e\u4eba\u53e3\u306f16.2%\u5897\u3048\u3001\u3059\u3079\u3066\u306e\u5e74\u9f62\u5c64\u3067\u6700\u3082\u901f\u3044\u30da\u30fc\u30b9\u3067\u4f38\u3073\u307e\u3057\u305f\u3002<\/strong>\u4e00\u65b9\u306745\u301c64\u6b73\u308418\u6b73\u672a\u6e80\u306f\u6e1b\u5c11\u3057\u3066\u3044\u307e\u3059\u3002\u9ad8\u9f62\u8005\u304c\u5897\u3048\u308b\u3068\u3001\u4eba\u5de5\u95a2\u7bc0\u3084\u5fc3\u81d3\u306e\u624b\u8853\u3001\u7cd6\u5c3f\u75c5\u306a\u3069\u306e\u6162\u6027\u75be\u60a3\u7ba1\u7406\u306e\u4ef6\u6570\u306f\u666f\u6c17\u306b\u304b\u304b\u308f\u3089\u305a\u7a4d\u307f\u4e0a\u304c\u3063\u3066\u3044\u304d\u307e\u3059\u3002<strong><span class=\"pre--maker span-stk-maker-yellow\">\u3053\u306e\u300c\u9700\u8981\u306e\u5e95\u5805\u3055\u300d\u304c\u30d8\u30eb\u30b9\u30b1\u30a2\u682a\u306e\u6700\u5927\u306e\u5f37\u307f<\/span><\/strong>\u3067\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E8%83%8C%E6%99%AF2%EF%BC%9AAI%E7%9B%B8%E5%A0%B4%E3%81%AE%E6%AC%A1%E3%81%AE%E5%8F%97%E3%81%91%E7%9A%BF%E3%81%A8%E3%81%97%E3%81%A6%E3%81%AE%E8%A6%8B%E7%9B%B4%E3%81%97\"><\/span>\u80cc\u666f2\uff1aAI\u76f8\u5834\u306e\u6b21\u306e\u53d7\u3051\u76bf\u3068\u3057\u3066\u306e\u898b\u76f4\u3057<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u30d8\u30eb\u30b9\u30b1\u30a2\u30bb\u30ec\u30af\u30c8\u30bb\u30af\u30bf\u30fcETF\uff08XLV\uff09\u306f2026\u5e7410\u670821\u65e5\u6642\u70b9\u3067\u5e74\u521d\u6765+15.07%\u3068\u3001S&amp;P500\u306e+13.10%\u3092\u4e0a\u56de\u3063\u3066\u3044\u307e\u3059\u3002ETF\u904b\u7528\u4f1a\u793e\u306e\u5206\u6790\u3067\u306f\u30012027\u5e74\u306e\u30d8\u30eb\u30b9\u30b1\u30a2\u30bb\u30af\u30bf\u30fc\u306eEPS\uff081\u682a\u5f53\u305f\u308a\u5229\u76ca\uff09\u6210\u9577\u7387\u306f\u30c6\u30af\u30ce\u30ed\u30b8\u30fc\u306b\u6b21\u3050\u6c34\u6e96\u306b\u306a\u308b\u3068\u306e\u5e02\u5834\u4e88\u60f3\u304c\u7d39\u4ecb\u3055\u308c\u3066\u304a\u308a\u3001\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u306e\u4fdd\u6709\u6bd4\u7387\u304c\u4f4e\u3044\u3053\u3068\u3082\u300c\u898b\u76f4\u3057\u4f59\u5730\u300d\u3068\u3057\u3066\u6307\u6458\u3055\u308c\u3066\u3044\u307e\u3059\u3002\u305f\u3060\u3057\u3001\u3053\u308c\u306f\u904b\u7528\u4f1a\u793e\u5074\u306e\u898b\u89e3\u3067\u3042\u308b\u70b9\u306b\u306f\u6ce8\u610f\u304c\u5fc5\u8981\u3067\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E8%83%8C%E6%99%AF3%EF%BC%9A%E8%96%AC%E4%BE%A1%E3%83%BB%E9%96%A2%E7%A8%8E%E3%83%AB%E3%83%BC%E3%83%AB%E3%81%8C%E5%9B%BA%E3%81%BE%E3%82%8A%E3%80%81%E4%B8%8D%E9%80%8F%E6%98%8E%E6%84%9F%E3%81%8C%E5%BE%8C%E9%80%80\"><\/span>\u80cc\u666f3\uff1a\u85ac\u4fa1\u30fb\u95a2\u7a0e\u30eb\u30fc\u30eb\u304c\u56fa\u307e\u308a\u3001\u4e0d\u900f\u660e\u611f\u304c\u5f8c\u9000<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">2025\u301c2026\u5e74\u306f\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u306e\u6700\u6075\u56fd\u5f85\u9047\uff08MFN\uff09\u85ac\u4fa1\u4ea4\u6e09\u3084\u533b\u85ac\u54c1\u95a2\u7a0e\uff08\u901a\u5546\u62e1\u5927\u6cd5232\u6761\uff09\u304c\u30bb\u30af\u30bf\u30fc\u306e\u91cd\u3057\u3067\u3057\u305f\u30022026\u5e748\u6708\u672b\u307e\u3067\u306b26\u793e\u306e\u88fd\u85ac\u4f1a\u793e\u304c\u653f\u5e9c\u3068\u5408\u610f\u3057\u3001\u95a2\u7a0e\u3082\u4f01\u696d\u3054\u3068\u306e\u6271\u3044\u304c\u660e\u78ba\u306b\u306a\u3063\u3066\u3044\u307e\u3059\u3002\u307e\u305f\u3001\u30e1\u30c7\u30a3\u30b1\u30a2\u85ac\u4fa1\u4ea4\u6e09\u306e\u7b2c2\u5f3e\uff0815\u54c1\u76ee\uff09\u306e\u65b0\u4fa1\u683c\u306f2027\u5e741\u67081\u65e5\u304b\u3089\u9069\u7528\u3055\u308c\u307e\u3059\u3002\u9006\u98a8\u304c\u300c\u898b\u3048\u308b\u30ea\u30b9\u30af\u300d\u306b\u5909\u308f\u3063\u305f\u3053\u3068\u3067\u3001\u4f01\u696d\u3054\u3068\u306e\u6210\u9577\u529b\u3067\u9078\u5225\u3057\u3084\u3059\u3044\u5c40\u9762\u306b\u5165\u3063\u305f\u3068\u3044\u3048\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"is-style-border-sitecolor wp-block-paragraph\"><strong>\u3010\u30de\u30af\u30ed\u74b0\u5883\u3011<\/strong>FRB\u306f2026\u5e7410\u670828\u65e5\u306eFOMC\u3067\u653f\u7b56\u91d1\u5229\u30923.75\u301c4.00%\u306b\u636e\u3048\u7f6e\u304d\u307e\u3057\u305f\u3002\u5831\u9053\u306b\u3088\u308c\u3070\u3001\u5e02\u5834\u3067\u306f12\u6708\u4ee5\u964d\u306e\u5229\u4e0a\u3052\u3092\u7e54\u308a\u8fbc\u3080\u52d5\u304d\u3082\u3042\u308a\u3001\u91d1\u5229\u4e0a\u6607\u306f\u9ad8PER\u306e\u6210\u9577\u682a\u306b\u3068\u3063\u3066\u9006\u98a8\u306b\u306a\u308a\u5f97\u307e\u3059\u3002\u30c9\u30eb\u5186\u306f10\u670826\u65e5\u6642\u70b9\u30671\u30c9\u30eb=156\u5186\u53f0\u5f8c\u534a\u3067\u3059\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"2027%E5%B9%B4%E3%83%88%E3%83%AC%E3%83%B3%E3%83%89%E7%B1%B3%E5%9B%BD%E6%A0%AA10%E7%A4%BE%E3%81%AE%E9%81%B8%E5%AE%9A%E5%9F%BA%E6%BA%96\"><\/span>2027\u5e74\u30c8\u30ec\u30f3\u30c9\u7c73\u56fd\u682a10\u793e\u306e\u9078\u5b9a\u57fa\u6e96<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">\u4eca\u56de\u306e10\u793e\u306f\u3001\u6b21\u306e4\u3064\u306e\u57fa\u6e96\u3067\u9078\u3073\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u9ad8\u9f62\u5316\u30fb\u6162\u6027\u75be\u60a3\u30fb\u533b\u7642\u306e\u52b9\u7387\u5316\u306a\u3069\u30012027\u5e74\u4ee5\u964d\u3082\u7d9a\u304f\u69cb\u9020\u7684\u306a\u9700\u8981\u306b\u7d50\u3073\u3064\u3044\u3066\u3044\u308b\u3053\u3068<\/li>\n\n\n\n<li>NYSE\u307e\u305f\u306fNASDAQ\u4e0a\u5834\u306e\u7c73\u56fd\u4f01\u696d\u3067\u3001\u65e5\u672c\u306e\u4e3b\u8981\u30cd\u30c3\u30c8\u8a3c\u5238\u3067\u58f2\u8cb7\u3067\u304d\u308b\u3053\u3068<\/li>\n\n\n\n<li>\u76f4\u8fd1\u6c7a\u7b97\u3067\u58f2\u4e0a\u6210\u9577\u304c\u78ba\u8a8d\u3067\u304d\u308b\u3001\u307e\u305f\u306f2027\u5e74\u306b\u696d\u7e3e\u56de\u5fa9\u30fb\u65b0\u88fd\u54c1\u306e\u6750\u6599\u304c\u3042\u308b\u3053\u3068<\/li>\n\n\n\n<li>\u5927\u578b\u682a\uff08\u6642\u4fa1\u7dcf\u984d1,000\u5104\u30c9\u30eb\u8d85\uff09\u3068\u4e2d\u578b\u682a\u3092\u7d44\u307f\u5408\u308f\u305b\u3001\u4e8b\u696d\u9818\u57df\u3082\u533b\u7642\u6a5f\u5668\u30fb\u533b\u85ac\u54c1\u30fb\u5275\u85ac\u30a4\u30f3\u30d5\u30e9\u306b\u5206\u6563\u3067\u304d\u308b\u3053\u3068<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">\u306a\u304a\u3001Market Square\u3067\u904e\u53bb\u306b\u7d39\u4ecb\u3057\u305f\u7c73\u56fd\u682a\uff08AI\u534a\u5c0e\u4f53\u3001\u96fb\u529b\u3001\u91d1\u878d\u30a4\u30f3\u30d5\u30e9\u3001\u5b87\u5b99\u3001\u91cf\u5b50\u30b3\u30f3\u30d4\u30e5\u30fc\u30bf\u306a\u3069\uff09\u3068\u306f\u7570\u306a\u308b\u9298\u67c4\u306b\u7d5e\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"2027%E5%B9%B4%E3%83%88%E3%83%AC%E3%83%B3%E3%83%89%E7%B1%B3%E5%9B%BD%E6%A0%AA10%E7%A4%BE%E3%81%AE%E4%B8%80%E8%A6%A7%E8%A1%A8\"><\/span>2027\u5e74\u30c8\u30ec\u30f3\u30c9\u7c73\u56fd\u682a10\u793e\u306e\u4e00\u89a7\u8868<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-table is-style-stripes stk-table-scroll\"><table><thead><tr><th>\u793e\u540d\uff08\u30c6\u30a3\u30c3\u30ab\u30fc\uff09<\/th><th>\u4e8b\u696d\u6982\u8981<\/th><th>\u6ce8\u76ee\u7406\u7531<\/th><\/tr><\/thead><tbody><tr><td>\u30b9\u30c8\u30e9\u30a4\u30ab\u30fc\uff08SYK\uff09<\/td><td>\u624b\u8853\u652f\u63f4\u30ed\u30dc\u30c3\u30c8\u300cMako\u300d\u3001\u4eba\u5de5\u95a2\u7bc0\u3001\u533b\u7642\u7528\u6a5f\u5668<\/td><td>\u30ed\u30dc\u30c3\u30c8\u624b\u8853\u306e\u666e\u53ca\u3068\u9ad8\u9f62\u5316\u306b\u3088\u308b\u95a2\u7bc0\u7f6e\u63db\u624b\u8853\u306e\u5897\u52a0<\/td><\/tr><tr><td>\u30a2\u30dc\u30c3\u30c8\u30fb\u30e9\u30dc\u30e9\u30c8\u30ea\u30fc\u30ba\uff08ABT\uff09<\/td><td>CGM\uff08\u6301\u7d9a\u8840\u7cd6\u6e2c\u5b9a\uff09\u3001\u5fc3\u81d3\u30c7\u30d0\u30a4\u30b9\u3001\u8a3a\u65ad\u85ac\u3001\u6804\u990a<\/td><td>\u591a\u89d2\u5316\u3057\u305f\u4e8b\u696d\u69cb\u6210\u3068\u8a3a\u65ad\u30fb\u304c\u3093\u691c\u67fb\u306e\u62e1\u5927<\/td><\/tr><tr><td>\u30dc\u30b9\u30c8\u30f3\u30fb\u30b5\u30a4\u30a8\u30f3\u30c6\u30a3\u30d5\u30a3\u30c3\u30af\uff08BSX\uff09<\/td><td>\u30d1\u30eb\u30b9\u30d5\u30a3\u30fc\u30eb\u30c9\u30a2\u30d6\u30ec\u30fc\u30b7\u30e7\u30f3\u3001\u5de6\u5fc3\u8033\u9589\u9396\u30c7\u30d0\u30a4\u30b9<\/td><td>\u682a\u4fa1\u8abf\u6574\u5f8c\u306e\u56de\u5fa9\u4f59\u5730\u3068Penumbra\u7d71\u5408<\/td><\/tr><tr><td>\u30c7\u30af\u30b9\u30b3\u30e0\uff08DXCM\uff09<\/td><td>CGM\u300cG7\u300d\u300cStelo\u300d<\/td><td>2\u578b\u7cd6\u5c3f\u75c5\u30fb\u975e\u30a4\u30f3\u30b9\u30ea\u30f3\u5c64\u3078\u306e\u5229\u7528\u62e1\u5927<\/td><\/tr><tr><td>\u30a4\u30f3\u30b9\u30ec\u30c3\u30c8\uff08PODD\uff09<\/td><td>\u30c1\u30e5\u30fc\u30d6\u30ec\u30b9\u30a4\u30f3\u30b9\u30ea\u30f3\u30dd\u30f3\u30d7\u300cOmnipod 5\u300d<\/td><td>2\u578b\u7cd6\u5c3f\u75c5\u5411\u3051\u5c55\u958b\u3068\u6d77\u5916\u58f2\u4e0a\u306e\u9ad8\u6210\u9577<\/td><\/tr><tr><td>\u30d0\u30fc\u30c6\u30c3\u30af\u30b9\u30fb\u30d5\u30a1\u30fc\u30de\u30b7\u30e5\u30fc\u30c6\u30a3\u30ab\u30eb\u30ba\uff08VRTX\uff09<\/td><td>\u56a2\u80de\u6027\u7dda\u7dad\u75c7\u6cbb\u7642\u85ac\u3001\u975e\u30aa\u30d4\u30aa\u30a4\u30c9\u93ae\u75db\u85ac\u3001\u907a\u4f1d\u5b50\u7de8\u96c6\u6cbb\u7642<\/td><td>CF\u4ee5\u5916\u306e\u300c\u67f1\u300d\u304c\u80b2\u30642027\u5e74<\/td><\/tr><tr><td>\u30a2\u30eb\u30ca\u30a4\u30e9\u30e0\u30fb\u30d5\u30a1\u30fc\u30de\u30b7\u30e5\u30fc\u30c6\u30a3\u30ab\u30eb\u30ba\uff08ALNY\uff09<\/td><td>RNAi\uff08RNA\u5e72\u6e09\uff09\u533b\u85ac\u54c1\u300cAmvuttra\u300d\u306a\u3069<\/td><td>\u5fc3\u7b4b\u75c7\uff08ATTR-CM\uff09\u5411\u3051\u9700\u8981\u306e\u6025\u62e1\u5927<\/td><\/tr><tr><td>\u30b5\u30fc\u30e2\u30d5\u30a3\u30c3\u30b7\u30e3\u30fc\u30fb\u30b5\u30a4\u30a8\u30f3\u30c6\u30a3\u30d5\u30a3\u30c3\u30af\uff08TMO\uff09<\/td><td>\u7814\u7a76\u6a5f\u5668\u30fb\u8a66\u85ac\u3001\u533b\u85ac\u54c1\u53d7\u8a17\u88fd\u9020\u30fb\u81e8\u5e8a\u8a66\u9a13\u652f\u63f4<\/td><td>\u5275\u85ac\u306e\u300c\u3064\u308b\u306f\u3057\u300d\u5f79\u3068\u3057\u3066\u696d\u754c\u5168\u4f53\u306e\u6210\u9577\u3092\u53d6\u308a\u8fbc\u3080<\/td><\/tr><tr><td>\u30e1\u30c9\u30da\u30fc\u30b9\u30fb\u30db\u30fc\u30eb\u30c7\u30a3\u30f3\u30b0\u30b9\uff08MEDP\uff09<\/td><td>\u4e2d\u5c0f\u30d0\u30a4\u30aa\u5411\u3051\u306e\u81e8\u5e8a\u8a66\u9a13\u53d7\u8a17\uff08CRO\uff09<\/td><td>\u53d7\u6ce8\u6b8b\u3068\u65b0\u898f\u53d7\u6ce8\u306e\u4f38\u3073<\/td><\/tr><tr><td>\u30c6\u30f3\u30d1\u30b9AI\uff08TEM\uff09<\/td><td>\u304c\u3093\u30b2\u30ce\u30e0\u691c\u67fb\u3068AI\u30fb\u533b\u7642\u30c7\u30fc\u30bf\u4e8b\u696d<\/td><td>AI\u5275\u85ac\u30fb\u7cbe\u5bc6\u533b\u7642\u306e\u6210\u9577\u682a<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\">\u682a\u4fa1\u30fb\u696d\u7e3e\u306f2026\u5e7410\u6708\u672b\u6642\u70b9\u306e\u516c\u958b\u60c5\u5831\u306b\u57fa\u3065\u304d\u307e\u3059\u3002<\/figcaption><\/figure>\n\n\n\n<p class=\"is-style-supplement-hint wp-block-paragraph\"><strong>\u30103\u5c64\u3067\u8003\u3048\u308b\u3011<\/strong>\u2460\u533b\u7642\u6a5f\u5668\u30fb\u624b\u8853\uff08SYK\u30fbABT\u30fbBSX\uff09\u306f\u5b89\u5b9a\u6210\u9577\u3001\u2461\u7cd6\u5c3f\u75c5\u30c6\u30c3\u30af\uff08DXCM\u30fbPODD\uff09\u306f\u5229\u7528\u8005\u62e1\u5927\u3001\u2462\u6b21\u4e16\u4ee3\u5275\u85ac\uff08VRTX\u30fbALNY\uff09\u306f\u65b0\u85ac\u306e\u4f38\u3073\u3001\u2463\u5275\u85ac\u30a4\u30f3\u30d5\u30e9\u30fbAI\uff08TMO\u30fbMEDP\u30fbTEM\uff09\u306f\u696d\u754c\u5168\u4f53\u306e\u7814\u7a76\u958b\u767a\u6295\u8cc7\u3092\u53d6\u308a\u8fbc\u3080\u5f79\u5272\u3067\u3059\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E5%8C%BB%E7%99%82%E6%A9%9F%E5%99%A8%E3%83%BB%E6%89%8B%E8%A1%93%E3%81%AE%E6%B3%A8%E7%9B%AE%E7%B1%B3%E5%9B%BD%E6%A0%AA3%E7%A4%BE\"><\/span>\u533b\u7642\u6a5f\u5668\u30fb\u624b\u8853\u306e\u6ce8\u76ee\u7c73\u56fd\u682a3\u793e<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">\u203b\u682a\u4fa1\u306fYahoo!\u30d5\u30a1\u30a4\u30ca\u30f3\u30b9\u306b\u9077\u79fb\u3057\u307e\u3059<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E3%82%B9%E3%83%88%E3%83%A9%E3%82%A4%E3%82%AB%E3%83%BC%EF%BC%88SYK%EF%BC%89\"><\/span><a href=\"https:\/\/finance.yahoo.co.jp\/quote\/SYK\" target=\"_blank\" rel=\"noopener noreferrer\">\u30b9\u30c8\u30e9\u30a4\u30ab\u30fc\uff08SYK\uff09<\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u30b9\u30c8\u30e9\u30a4\u30ab\u30fc\u306f\u6574\u5f62\u5916\u79d1\u3068\u30e1\u30c9\u30b5\u30fc\u30b8\uff08\u533b\u7642\u7528\u6a5f\u5668\uff09\u30922\u672c\u67f1\u3068\u3059\u308b\u533b\u7642\u6a5f\u5668\u5927\u624b\u3067\u3059\u3002\u6ce8\u76ee\u306f\u624b\u8853\u652f\u63f4\u30ed\u30dc\u30c3\u30c8\u300cMako\u300d\u3067\u3001\u4eba\u5de5\u819d\u30fb\u4eba\u5de5\u80a1\u95a2\u7bc0\u306b\u52a0\u3048\u3066\u80a9\u95a2\u7bc0\u3078\u306e\u5c55\u958b\u3082\u9032\u3093\u3067\u3044\u307e\u3059\u30022026\u5e747\u301c9\u6708\u671f\u306f\u58f2\u4e0a\u9ad865\u5104\u30c9\u30eb\uff08\u524d\u5e74\u540c\u671f\u6bd4+7.7%\uff09\u3001\u8abf\u6574\u5f8cEPS\u306f3.52\u30c9\u30eb\uff08+10.3%\uff09\u3001\u8abf\u6574\u5f8c\u55b6\u696d\u5229\u76ca\u7387\u306f26.2%\u306b\u6539\u5584\u3057\u307e\u3057\u305f\u3002\u7c73\u56fd\u306e\u6574\u5f62\u5916\u79d1\u30c6\u30af\u30ce\u30ed\u30b8\u30fc\u90e8\u9580\u306f+18%\u3068\u597d\u8abf\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4e00\u65b9\u3067\u30013\u6708\u306e\u30b5\u30a4\u30d0\u30fc\u653b\u6483\u30847\u6708\u306e\u57fa\u5e79\u30b7\u30b9\u30c6\u30e0\uff08SAP\uff09\u79fb\u884c\u306e\u5f71\u97ff\u3067\u901a\u671f\u306e\u30aa\u30fc\u30ac\u30cb\u30c3\u30af\u6210\u9577\u7387\u898b\u901a\u3057\u30926.5\u301c7.0%\u3078\u5f15\u304d\u4e0b\u3052\u3001\u682a\u4fa1\u306f\u6c7a\u7b97\u7fcc\u65e5\u306b\u7d046%\u4e0b\u843d\u3057\u307e\u3057\u305f\u3002\u82f1CMR\u30b5\u30fc\u30b8\u30ab\u30eb\u3078\u306e\u51fa\u8cc7\u3068\u624b\u8853\u30ed\u30dc\u30c3\u30c8\u300cVersius\u300d\u306e\u7c73\u56fd\u72ec\u5360\u8ca9\u58f2\u6a29\u306e\u53d6\u5f97\u306a\u3069\u3001\u30ed\u30dc\u30c3\u30c8\u9818\u57df\u306e\u62e1\u5927\u7b56\u306f2027\u5e74\u306e\u6750\u6599\u3067\u3059\u3002\u682a\u4fa1\u306f291.86\u30c9\u30eb\u3001\u6642\u4fa1\u7dcf\u984d\u306f\u7d041,120\u5104\u30c9\u30eb\u3001\u914d\u5f53\u5229\u56de\u308a\u306f\u7d041.2%\uff082026\u5e7410\u670830\u65e5\u7d42\u5024\u6642\u70b9\uff09\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"is-style-supplement-warning wp-block-paragraph\"><strong>\u3010\u30ea\u30b9\u30af\u3011<\/strong>\u30b7\u30b9\u30c6\u30e0\u79fb\u884c\u306e\u6df7\u4e71\u304c\u9577\u5f15\u304f\u30682027\u5e74\u524d\u534a\u307e\u3067\u6210\u9577\u7387\u304c\u623b\u3089\u306a\u3044\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u3002\u7c73\u56fd\u306e\u4eba\u5de5\u819d\u30fb\u4eba\u5de5\u80a1\u95a2\u7bc0\u306e\u4f38\u3073\u306f\u920d\u5316\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E3%82%A2%E3%83%9C%E3%83%83%E3%83%88%E3%83%BB%E3%83%A9%E3%83%9C%E3%83%A9%E3%83%88%E3%83%AA%E3%83%BC%E3%82%BA%EF%BC%88ABT%EF%BC%89\"><\/span><a href=\"https:\/\/finance.yahoo.co.jp\/quote\/ABT\" target=\"_blank\" rel=\"noopener noreferrer\">\u30a2\u30dc\u30c3\u30c8\u30fb\u30e9\u30dc\u30e9\u30c8\u30ea\u30fc\u30ba\uff08ABT\uff09<\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u30a2\u30dc\u30c3\u30c8\u306f\u533b\u7642\u6a5f\u5668\u3001\u8a3a\u65ad\u85ac\u3001\u6804\u990a\u98df\u54c1\u3001\u533b\u85ac\u54c1\uff08\u30b8\u30a7\u30cd\u30ea\u30c3\u30af\u4e2d\u5fc3\uff09\u3092\u624b\u304c\u3051\u308b\u7dcf\u5408\u30d8\u30eb\u30b9\u30b1\u30a2\u4f01\u696d\u3067\u3059\u30022026\u5e743\u6708\u306b\u304c\u3093\u691c\u67fb\u306e\u30a8\u30b0\u30b6\u30af\u30c8\u30fb\u30b5\u30a4\u30a8\u30f3\u30b7\u30ba\u3092\u8cb7\u53ce\u3057\u3001\u8a3a\u65ad\u4e8b\u696d\u3092\u5f37\u5316\u3057\u307e\u3057\u305f\u30027\u301c9\u6708\u671f\u306e\u58f2\u4e0a\u9ad8\u306f130.1\u5104\u30c9\u30eb\uff08\u5831\u544a\u30d9\u30fc\u30b9+14.5%\u3001\u65e2\u5b58\u4e8b\u696d\u30d9\u30fc\u30b9+7.0%\uff09\u3001\u8abf\u6574\u5f8cEPS\u306f1.42\u30c9\u30eb\uff08+9.2%\uff09\u3002\u533b\u7642\u6a5f\u5668\u90e8\u9580\u306f\u65e2\u5b58\u4e8b\u696d\u30d9\u30fc\u30b9+7.8%\u3001\u304c\u3093\u8a3a\u65ad\u306f+13.8%\u3068\u4f38\u3073\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">CGM\u4e8b\u696d\u3067\u306f\u8840\u7cd6\u3068\u30b1\u30c8\u30f3\u4f53\u3092\u540c\u6642\u306b\u6e2c\u308b\u65b0\u30bb\u30f3\u30b5\u30fc\u304c2026\u5e748\u6708\u306b\u7c73FDA\u627f\u8a8d\u3092\u53d6\u5f97\u3057\u3001\u5fc3\u623f\u7d30\u52d5\u6cbb\u7642\u306e\u30ab\u30c6\u30fc\u30c6\u30eb\u3082\u627f\u8a8d\u3092\u5f97\u307e\u3057\u305f\u3002\u901a\u671f\u306e\u8abf\u6574\u5f8cEPS\u898b\u901a\u3057\u306f5.50\u301c5.55\u30c9\u30eb\u3067\u4e2d\u9593\u5024\u3092\u636e\u3048\u7f6e\u3044\u3066\u3044\u307e\u3059\u3002\u682a\u4fa1\u306f\u7d04106\u30c9\u30eb\u3001\u914d\u5f53\u306f\u5e742.52\u30c9\u30eb\u3067\u5229\u56de\u308a\u306f\u7d042.4%\uff082026\u5e7410\u670830\u65e5\u7d42\u5024\u6642\u70b9\uff09\u300210\u793e\u306e\u4e2d\u3067\u306f\u30c7\u30a3\u30d5\u30a7\u30f3\u30b7\u30d6\u5bc4\u308a\u306e\u300c\u5b88\u308a\u306e\u8ef8\u300d\u3068\u306a\u308b\u9298\u67c4\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"is-style-supplement-warning wp-block-paragraph\"><strong>\u3010\u30ea\u30b9\u30af\u3011<\/strong>\u4e73\u5150\u7528\u7c89\u30df\u30eb\u30af\uff08NEC\uff09\u8a34\u8a1f\u30677\u301c9\u6708\u671f\u306b\u7d046.7\u5104\u30c9\u30eb\u306e\u8cbb\u7528\u3092\u8a08\u4e0a\u3057\u3066\u304a\u308a\u3001\u8a34\u8a1f\u8cbb\u7528\u304c\u696d\u7e3e\u306e\u632f\u308c\u8981\u56e0\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E3%83%9C%E3%82%B9%E3%83%88%E3%83%B3%E3%83%BB%E3%82%B5%E3%82%A4%E3%82%A8%E3%83%B3%E3%83%86%E3%82%A3%E3%83%95%E3%82%A3%E3%83%83%E3%82%AF%EF%BC%88BSX%EF%BC%89\"><\/span><a href=\"https:\/\/finance.yahoo.co.jp\/quote\/BSX\" target=\"_blank\" rel=\"noopener noreferrer\">\u30dc\u30b9\u30c8\u30f3\u30fb\u30b5\u30a4\u30a8\u30f3\u30c6\u30a3\u30d5\u30a3\u30c3\u30af\uff08BSX\uff09<\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u30dc\u30b9\u30c8\u30f3\u30fb\u30b5\u30a4\u30a8\u30f3\u30c6\u30a3\u30d5\u30a3\u30c3\u30af\u306f\u3001\u4e0d\u6574\u8108\u6cbb\u7642\u306e\u30d1\u30eb\u30b9\u30d5\u30a3\u30fc\u30eb\u30c9\u30a2\u30d6\u30ec\u30fc\u30b7\u30e7\u30f3\uff08PFA\uff09\u300cFarapulse\u300d\u3084\u8133\u6897\u585e\u4e88\u9632\u306e\u5de6\u5fc3\u8033\u9589\u9396\u30c7\u30d0\u30a4\u30b9\u300cWatchman\u300d\u3067\u6025\u6210\u9577\u3057\u3066\u304d\u305f\u5fc3\u8840\u7ba1\u30c7\u30d0\u30a4\u30b9\u5927\u624b\u3067\u3059\u3002\u305f\u3060\u30572026\u5e74\u306f\u9006\u98a8\u306e\u5e74\u3068\u306a\u308a\u307e\u3057\u305f\u30027\u301c9\u6708\u671f\u306e\u58f2\u4e0a\u9ad8\u306f51.4\u5104\u30c9\u30eb\uff08+1.5%\uff09\u306b\u3068\u3069\u307e\u308a\u3001\u96fb\u6c17\u751f\u7406\u90e8\u9580\u306f\u7af6\u5408\u306ePFA\u88fd\u54c1\u306e\u53f0\u982d\u3067-5%\u3001Watchman\u3082-6%\u3067\u3057\u305f\u30028\u6708\u306b\u516c\u8868\u3057\u305f\u30b5\u30a4\u30d0\u30fc\u653b\u6483\u306b\u3088\u308b\u58f2\u4e0a\u5f71\u97ff\uff08\u7d041.5\u5104\u30c9\u30eb\uff09\u3082\u91cd\u306a\u308a\u3001\u901a\u671f\u898b\u901a\u3057\u306f\u5e74\u51853\u56de\u76ee\u306e\u4e0b\u65b9\u4fee\u6b63\u3068\u306a\u308a\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u682a\u4fa1\u306f41.98\u30c9\u30eb\u3001\u6642\u4fa1\u7dcf\u984d\u306f\u7d04608\u5104\u30c9\u30eb\uff082026\u5e7410\u670830\u65e5\u7d42\u5024\u6642\u70b9\uff09\u30682022\u5e74\u4ee5\u6765\u306e\u5b89\u5024\u570f\u306b\u3042\u308a\u307e\u3059\u3002\u4f1a\u793e\u5074\u306f2027\u5e74\u3082\u6210\u9577\u304c\u96e3\u3057\u3044\u3068\u306e\u8a8d\u8b58\u3092\u793a\u3059\u4e00\u65b9\u3001145\u5104\u30c9\u30eb\u3067\u5408\u610f\u3057\u305f\u8840\u6813\u9664\u53bb\u30c7\u30d0\u30a4\u30b9\u5927\u624b\u30da\u30ca\u30f3\u30d6\u30e9\u306e\u8cb7\u53ce\u306f2027\u5e741\u301c3\u6708\u671f\u306b\u5b8c\u4e86\u4e88\u5b9a\u3067\u3059\u300210\u793e\u306e\u4e2d\u3067\u306f\u300c\u56de\u5fa9\u671f\u5f85\u300d\u306e\u4f4d\u7f6e\u3065\u3051\u3067\u3001\u7d44\u307f\u5165\u308c\u308b\u306a\u3089\u6bd4\u7387\u3092\u6291\u3048\u3001\u56db\u534a\u671f\u3054\u3068\u306b\u7af6\u4e89\u74b0\u5883\u3092\u78ba\u8a8d\u3059\u308b\u59ff\u52e2\u304c\u5fc5\u8981\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"is-style-supplement-warning wp-block-paragraph\"><strong>\u3010\u30ea\u30b9\u30af\u3011<\/strong>PFA\u5e02\u5834\u306e\u7af6\u4e89\u6fc0\u5316\u304c\u7d9a\u3051\u3070\u3001\u4e3b\u529b\u88fd\u54c1\u306e\u4fa1\u683c\u30fb\u30b7\u30a7\u30a2\u306e\u4e0b\u843d\u304c\u9577\u671f\u5316\u3059\u308b\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u3002\u8cb7\u53ce\u306b\u4f34\u3046\u8ca0\u50b5\u5897\u52a0\u306b\u3082\u6ce8\u610f\u304c\u5fc5\u8981\u3067\u3059\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E7%B3%96%E5%B0%BF%E7%97%85%E3%83%86%E3%83%83%E3%82%AF%E3%81%AE%E6%B3%A8%E7%9B%AE%E7%B1%B3%E5%9B%BD%E6%A0%AA2%E7%A4%BE\"><\/span>\u7cd6\u5c3f\u75c5\u30c6\u30c3\u30af\u306e\u6ce8\u76ee\u7c73\u56fd\u682a2\u793e<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E3%83%87%E3%82%AF%E3%82%B9%E3%82%B3%E3%83%A0%EF%BC%88DXCM%EF%BC%89\"><\/span><a href=\"https:\/\/finance.yahoo.co.jp\/quote\/DXCM\" target=\"_blank\" rel=\"noopener noreferrer\">\u30c7\u30af\u30b9\u30b3\u30e0\uff08DXCM\uff09<\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u30c7\u30af\u30b9\u30b3\u30e0\u306fCGM\uff08\u6301\u7d9a\u8840\u7cd6\u6e2c\u5b9a\u5668\uff09\u306e\u5c02\u696d\u5927\u624b\u3067\u3059\u3002\u76ae\u819a\u306b\u8cbc\u3063\u305f\u30bb\u30f3\u30b5\u30fc\u3067\u8840\u7cd6\u5024\u3092\u9023\u7d9a\u3057\u3066\u6e2c\u308a\u3001\u30b9\u30de\u30fc\u30c8\u30d5\u30a9\u30f3\u3067\u78ba\u8a8d\u3067\u304d\u307e\u3059\u30027\u301c9\u6708\u671f\u306e\u58f2\u4e0a\u9ad8\u306f13.4\u5104\u30c9\u30eb\uff08+11%\uff09\u3001\u7c73\u56fd\u306f+14%\u3068\u4f38\u3073\u3001\u975eGAAP\u306e\u7c97\u5229\u76ca\u7387\u306f65.1%\uff08\u524d\u5e7461.3%\uff09\u3078\u6539\u5584\u3057\u307e\u3057\u305f\u3002\u88c5\u7740\u671f\u9593\u309215\u65e5\u306b\u5ef6\u3070\u3057\u305f\u300cG7 15 Day\u300d\u306e\u7c73\u56fd\u5c55\u958b\u304c\u9032\u307f\u3001\u30a4\u30f3\u30b9\u30ea\u30f3\u3092\u4f7f\u3063\u3066\u3044\u306a\u30442\u578b\u7cd6\u5c3f\u75c5\u60a3\u8005\u3092\u5bfe\u8c61\u3068\u3057\u305f\u81e8\u5e8a\u8a66\u9a13\u306e\u7d50\u679c\u304c\u533b\u5b66\u8a8cNEJM\u306b\u63b2\u8f09\u3055\u308c\u305f\u3053\u3068\u3082\u8ffd\u3044\u98a8\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u901a\u671f\u58f2\u4e0a\u9ad8\u898b\u901a\u3057\u306f52.0\u301c52.5\u5104\u30c9\u30eb\uff08+12\u301c13%\uff09\u3067\u3001\u55b6\u696d\u5229\u76ca\u7387\u898b\u901a\u3057\u3082\u7d0424%\u306b\u5f15\u304d\u4e0a\u3052\u307e\u3057\u305f\u300210\u5104\u30c9\u30eb\u306e\u81ea\u793e\u682a\u8cb7\u3044\u67a0\u3082\u8a2d\u5b9a\u3057\u3066\u3044\u307e\u3059\u3002\u682a\u4fa1\u306f82.29\u30c9\u30eb\u3001\u6642\u4fa1\u7dcf\u984d\u306f\u7d04311\u5104\u30c9\u30eb\uff082026\u5e7410\u670830\u65e5\u7d42\u5024\u6642\u70b9\uff09\u3002GLP-1\u80a5\u6e80\u75c7\u6cbb\u7642\u85ac\u306e\u666e\u53ca\u3067\u300c\u8840\u7cd6\u3092\u6e2c\u308b\u4eba\u300d\u304c\u5897\u3048\u308c\u3070\u3001\u51e6\u65b9\u4e0d\u8981\u306eCGM\u300cStelo\u300d\u306a\u3069\u4e00\u822c\u5411\u3051\u5e02\u5834\u304c2027\u5e74\u306e\u6210\u9577\u30c9\u30e9\u30a4\u30d0\u30fc\u306b\u306a\u308a\u5f97\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"is-style-supplement-warning wp-block-paragraph\"><strong>\u3010\u30ea\u30b9\u30af\u3011<\/strong>\u30a2\u30dc\u30c3\u30c8\u306a\u3069\u5927\u624b\u3068\u306e\u4fa1\u683c\u7af6\u4e89\u3001\u4fdd\u967a\u511f\u9084\u30eb\u30fc\u30eb\u306e\u5909\u66f4\u304c\u5229\u76ca\u7387\u3092\u5de6\u53f3\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E3%82%A4%E3%83%B3%E3%82%B9%E3%83%AC%E3%83%83%E3%83%88%EF%BC%88PODD%EF%BC%89\"><\/span><a href=\"https:\/\/finance.yahoo.co.jp\/quote\/PODD\" target=\"_blank\" rel=\"noopener noreferrer\">\u30a4\u30f3\u30b9\u30ec\u30c3\u30c8\uff08PODD\uff09<\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u30a4\u30f3\u30b9\u30ec\u30c3\u30c8\u306f\u30c1\u30e5\u30fc\u30d6\u306e\u306a\u3044\u8cbc\u308a\u4ed8\u3051\u578b\u30a4\u30f3\u30b9\u30ea\u30f3\u30dd\u30f3\u30d7\u300cOmnipod 5\u300d\u3092\u5c55\u958b\u3059\u308b\u4f01\u696d\u3067\u3059\u3002CGM\u3068\u9023\u643a\u3057\u3066\u30a4\u30f3\u30b9\u30ea\u30f3\u91cf\u3092\u81ea\u52d5\u8abf\u6574\u3059\u308b\u4ed5\u7d44\u307f\u3067\u30011\u578b\u7cd6\u5c3f\u75c5\u306b\u52a0\u3048\u30662\u578b\u7cd6\u5c3f\u75c5\u3078\u306e\u9069\u5fdc\u62e1\u5927\u3092\u9032\u3081\u3066\u3044\u307e\u3059\u3002\u76f4\u8fd1\u767a\u8868\u6e08\u307f\u306e4\u301c6\u6708\u671f\u306f\u58f2\u4e0a\u9ad88.0\u5104\u30c9\u30eb\uff08+23.5%\uff09\u3068\u9ad8\u6210\u9577\u3067\u3001\u6d77\u5916\u306eOmnipod\u58f2\u4e0a\u306f+35.5%\u3067\u3057\u305f\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u901a\u671f\u898b\u901a\u3057\u3067\u306f\u7c73\u56fd\u306e\u6210\u9577\u7387\u309217\u301c19%\u306b\u5f15\u304d\u4e0b\u3052\u305f\u4e00\u65b9\u3001\u6d77\u5916\u306f30\u301c32%\u306b\u5f15\u304d\u4e0a\u3052\u3001\u8abf\u6574\u5f8cEPS\u306f30%\u8d85\u306e\u6210\u9577\u3092\u898b\u8fbc\u3093\u3067\u3044\u307e\u3059\u3002\u682a\u4fa1\u306f149.68\u30c9\u30eb\u3001\u6642\u4fa1\u7dcf\u984d\u306f\u7d04104\u5104\u30c9\u30eb\uff082026\u5e7410\u670830\u65e5\u7d42\u5024\u6642\u70b9\uff09\u3068\u5e74\u521d\u304b\u3089\u5927\u304d\u304f\u8abf\u6574\u3057\u3066\u304a\u308a\u3001\u4e2d\u578b\u306e\u6210\u9577\u682a\u3068\u3057\u3066\u5024\u52d5\u304d\u306f\u5927\u304d\u3081\u3067\u3059\u30027\u301c9\u6708\u671f\u6c7a\u7b97\u306f2026\u5e7411\u67084\u65e5\u306b\u767a\u8868\u4e88\u5b9a\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"is-style-supplement-warning wp-block-paragraph\"><strong>\u3010\u30ea\u30b9\u30af\u3011<\/strong>2026\u5e74\u306b\u88fd\u54c1\u306e\u81ea\u4e3b\u6539\u4fee\u304c2\u56de\u3042\u308a\u3001\u54c1\u8cea\u554f\u984c\u306f\u4fe1\u983c\u6027\u306b\u76f4\u7d50\u3057\u307e\u3059\u3002\u7c73\u56fd2\u578b\u5e02\u5834\u306e\u7acb\u3061\u4e0a\u304c\u308a\u304c\u60f3\u5b9a\u3088\u308a\u9045\u3044\u70b9\u3082\u78ba\u8a8d\u304c\u5fc5\u8981\u3067\u3059\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E6%AC%A1%E4%B8%96%E4%BB%A3%E5%89%B5%E8%96%AC%E3%81%AE%E6%B3%A8%E7%9B%AE%E7%B1%B3%E5%9B%BD%E6%A0%AA2%E7%A4%BE\"><\/span>\u6b21\u4e16\u4ee3\u5275\u85ac\u306e\u6ce8\u76ee\u7c73\u56fd\u682a2\u793e<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E3%83%90%E3%83%BC%E3%83%86%E3%83%83%E3%82%AF%E3%82%B9%E3%83%BB%E3%83%95%E3%82%A1%E3%83%BC%E3%83%9E%E3%82%B7%E3%83%A5%E3%83%BC%E3%83%86%E3%82%A3%E3%82%AB%E3%83%AB%E3%82%BA%EF%BC%88VRTX%EF%BC%89\"><\/span><a href=\"https:\/\/finance.yahoo.co.jp\/quote\/VRTX\" target=\"_blank\" rel=\"noopener noreferrer\">\u30d0\u30fc\u30c6\u30c3\u30af\u30b9\u30fb\u30d5\u30a1\u30fc\u30de\u30b7\u30e5\u30fc\u30c6\u30a3\u30ab\u30eb\u30ba\uff08VRTX\uff09<\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u30d0\u30fc\u30c6\u30c3\u30af\u30b9\u306f\u56a2\u80de\u6027\u7dda\u7dad\u75c7\uff08CF\uff09\u6cbb\u7642\u85ac\u3067\u307b\u307c\u72ec\u5360\u7684\u306a\u5730\u4f4d\u3092\u6301\u3064\u30d0\u30a4\u30aa\u5927\u624b\u3067\u3059\u30022027\u5e74\u306b\u5411\u3051\u305f\u6ce8\u76ee\u70b9\u306f\u300cCF\u4ee5\u5916\u306e\u67f1\u300d\u304c\u5897\u3048\u308b\u3053\u3068\u3067\u3059\u3002\u76f4\u8fd1\u767a\u8868\u6e08\u307f\u306e4\u301c6\u6708\u671f\u306e\u58f2\u4e0a\u9ad8\u306f33.3\u5104\u30c9\u30eb\uff08+12%\uff09\u3067\u3001\u65b0\u3057\u3044CF\u6cbb\u7642\u85ac\u300cAlyftrek\u300d\u304c5.7\u5104\u30c9\u30eb\u306b\u62e1\u5927\u3002\u975e\u30aa\u30d4\u30aa\u30a4\u30c9\u93ae\u75db\u85ac\u300cJournavx\u300d\uff084,960\u4e07\u30c9\u30eb\uff09\u3001\u907a\u4f1d\u5b50\u7de8\u96c6\u6cbb\u7642\u300cCasgevy\u300d\uff087,640\u4e07\u30c9\u30eb\uff09\u3082\u524d\u5e74\u304b\u3089\u5927\u304d\u304f\u4f38\u3073\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">2026\u5e749\u6708\u306b\u306f\u7d04100\u5104\u30c9\u30eb\u3067\u30af\u30ea\u30cd\u30c6\u30a3\u30af\u30b9\u306e\u8cb7\u53ce\u3092\u5b8c\u4e86\u3057\u3001\u5148\u7aef\u5de8\u5927\u75c7\u6cbb\u7642\u85ac\u304c\u52a0\u308f\u308a\u307e\u3057\u305f\u3002IgA\u814e\u75c7\u5411\u3051\u306e\u300cpovetacicept\u300d\u306f11\u670830\u65e5\u306b\u7c73FDA\u306e\u627f\u8a8d\u5224\u65ad\u304c\u4e88\u5b9a\u3055\u308c\u3066\u3044\u307e\u3059\u3002\u901a\u671f\u58f2\u4e0a\u9ad8\u898b\u901a\u3057\u306f131\u301c132\u5104\u30c9\u30eb\uff08\u8cb7\u53ce\u5206\u9664\u304f\uff09\u3002\u682a\u4fa1\u306f\u7d04540\u30c9\u30eb\u3001\u6642\u4fa1\u7dcf\u984d\u306f\u7d041,370\u5104\u30c9\u30eb\uff082026\u5e7410\u670830\u65e5\u7d42\u5024\u6642\u70b9\uff09\u30027\u301c9\u6708\u671f\u6c7a\u7b97\u306f11\u67082\u65e5\u306b\u767a\u8868\u4e88\u5b9a\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"is-style-supplement-warning wp-block-paragraph\"><strong>\u3010\u30ea\u30b9\u30af\u3011<\/strong>\u65b0\u85ac\u306e\u7acb\u3061\u4e0a\u304c\u308a\u304c\u5e02\u5834\u4e88\u60f3\u3092\u4e0b\u56de\u308b\u5834\u9762\u304c\u3042\u308a\u3001\u6c7a\u7b97\u3054\u3068\u306b\u682a\u4fa1\u304c\u52d5\u304d\u3084\u3059\u3044\u70b9\u306b\u6ce8\u610f\u304c\u5fc5\u8981\u3067\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E3%82%A2%E3%83%AB%E3%83%8A%E3%82%A4%E3%83%A9%E3%83%A0%E3%83%BB%E3%83%95%E3%82%A1%E3%83%BC%E3%83%9E%E3%82%B7%E3%83%A5%E3%83%BC%E3%83%86%E3%82%A3%E3%82%AB%E3%83%AB%E3%82%BA%EF%BC%88ALNY%EF%BC%89\"><\/span><a href=\"https:\/\/finance.yahoo.co.jp\/quote\/ALNY\" target=\"_blank\" rel=\"noopener noreferrer\">\u30a2\u30eb\u30ca\u30a4\u30e9\u30e0\u30fb\u30d5\u30a1\u30fc\u30de\u30b7\u30e5\u30fc\u30c6\u30a3\u30ab\u30eb\u30ba\uff08ALNY\uff09<\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u30a2\u30eb\u30ca\u30a4\u30e9\u30e0\u306f\u3001\u75c5\u6c17\u306e\u539f\u56e0\u3068\u306a\u308b\u305f\u3093\u3071\u304f\u8cea\u306e\u751f\u6210\u3092\u907a\u4f1d\u5b50\u30ec\u30d9\u30eb\u3067\u6291\u3048\u308b\u300cRNAi\u533b\u85ac\u54c1\u300d\u306e\u30d1\u30a4\u30aa\u30cb\u30a2\u3067\u3059\u3002\u4e3b\u529b\u306e\u300cAmvuttra\u300d\u304c\u30c8\u30e9\u30f3\u30b9\u30b5\u30a4\u30ec\u30c1\u30f3\u578b\u5fc3\u30a2\u30df\u30ed\u30a4\u30c9\u30fc\u30b7\u30b9\uff08ATTR-CM\uff09\u3067\u6025\u901f\u306b\u666e\u53ca\u3057\u3066\u3044\u307e\u3059\u30022026\u5e747\u301c9\u6708\u671f\u306e\u88fd\u54c1\u58f2\u4e0a\u9ad8\u306f12.9\u5104\u30c9\u30eb\uff08+52%\uff09\u3001Amvuttra\u5358\u4f53\u306711.3\u5104\u30c9\u30eb\uff08+65%\uff09\u3068\u3001\u56db\u534a\u671f10\u5104\u30c9\u30eb\u3092\u8d85\u3048\u308b\u5927\u578b\u85ac\u306b\u80b2\u3061\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u305f\u3060\u3057\u30017\u6708\u306bTTR\u9818\u57df\u306e\u901a\u671f\u898b\u901a\u3057\u309242\u301c45\u5104\u30c9\u30eb\u3078\u5f15\u304d\u4e0b\u3052\u300110\u6708\u306e\u6c7a\u7b97\u3067\u3082\u4e0b\u9650\u4ed8\u8fd1\u306b\u306a\u308b\u898b\u901a\u3057\u304c\u793a\u3055\u308c\u305f\u3053\u3068\u3067\u682a\u4fa1\u306f\u5927\u304d\u304f\u4e0b\u843d\u3057\u307e\u3057\u305f\u3002\u6642\u4fa1\u7dcf\u984d\u306f\u6c7a\u7b97\u524d\u306e10\u670827\u65e5\u6642\u70b9\u3067\u7d04304\u5104\u30c9\u30eb\u3067\u3057\u305f\u3002\u30cf\u30f3\u30c1\u30f3\u30c8\u30f3\u75c5\u5411\u3051\u306e\u65b0\u85ac\u5019\u88dc\u306f\u30ea\u30b8\u30a7\u30cd\u30ed\u30f3\u3068\u5171\u540c\u30672027\u5e74\u306b\u5f8c\u671f\u8a66\u9a13\u3092\u958b\u59cb\u4e88\u5b9a\u3067\u3001\u30d1\u30a4\u30d7\u30e9\u30a4\u30f3\u306e\u539a\u3055\u306f\u9b45\u529b\u3067\u3059\u3002\u6210\u9577\u7387\u306f\u9ad8\u3044\u4e00\u65b9\u3067\u5024\u52d5\u304d\u3082\u5927\u304d\u3044\u305f\u3081\u3001\u5c11\u984d\u30fb\u5206\u5272\u3067\u306e\u6295\u8cc7\u304c\u5411\u3044\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"is-style-supplement-warning wp-block-paragraph\"><strong>\u3010\u30ea\u30b9\u30af\u3011<\/strong>ATTR-CM\u5e02\u5834\u3067\u306f\u7af6\u5408\u85ac\u3068\u306e\u7af6\u4e89\u304c\u3042\u308a\u3001\u6210\u9577\u306e\u920d\u5316\u304c\u7d9a\u304f\u3068\u8a55\u4fa1\u306e\u5207\u308a\u4e0b\u3052\u304c\u7d9a\u304f\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E5%89%B5%E8%96%AC%E3%82%A4%E3%83%B3%E3%83%95%E3%83%A9%E3%83%BBAI%E5%8C%BB%E7%99%82%E3%81%AE%E6%B3%A8%E7%9B%AE%E7%B1%B3%E5%9B%BD%E6%A0%AA3%E7%A4%BE\"><\/span>\u5275\u85ac\u30a4\u30f3\u30d5\u30e9\u30fbAI\u533b\u7642\u306e\u6ce8\u76ee\u7c73\u56fd\u682a3\u793e<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E3%82%B5%E3%83%BC%E3%83%A2%E3%83%95%E3%82%A3%E3%83%83%E3%82%B7%E3%83%A3%E3%83%BC%E3%83%BB%E3%82%B5%E3%82%A4%E3%82%A8%E3%83%B3%E3%83%86%E3%82%A3%E3%83%95%E3%82%A3%E3%83%83%E3%82%AF%EF%BC%88TMO%EF%BC%89\"><\/span><a href=\"https:\/\/finance.yahoo.co.jp\/quote\/TMO\" target=\"_blank\" rel=\"noopener noreferrer\">\u30b5\u30fc\u30e2\u30d5\u30a3\u30c3\u30b7\u30e3\u30fc\u30fb\u30b5\u30a4\u30a8\u30f3\u30c6\u30a3\u30d5\u30a3\u30c3\u30af\uff08TMO\uff09<\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u30b5\u30fc\u30e2\u30d5\u30a3\u30c3\u30b7\u30e3\u30fc\u306f\u7814\u7a76\u6a5f\u5668\u30fb\u8a66\u85ac\u304b\u3089\u533b\u85ac\u54c1\u306e\u53d7\u8a17\u88fd\u9020\u3001\u81e8\u5e8a\u8a66\u9a13\u652f\u63f4\u307e\u3067\u3092\u624b\u304c\u3051\u308b\u4e16\u754c\u6700\u5927\u7d1a\u306e\u30e9\u30a4\u30d5\u30b5\u30a4\u30a8\u30f3\u30b9\u4f01\u696d\u3067\u3059\u3002\u3069\u306e\u88fd\u85ac\u4f1a\u793e\u306e\u65b0\u85ac\u304c\u6210\u529f\u3057\u3066\u3082\u58f2\u4e0a\u306b\u3064\u306a\u304c\u308b\u3001\u5275\u85ac\u306e\u300c\u3064\u308b\u306f\u3057\u300d\u5f79\u3068\u3044\u3048\u307e\u3059\u30027\u301c9\u6708\u671f\u306f\u58f2\u4e0a\u9ad8121.4\u5104\u30c9\u30eb\uff08+9%\u3001\u30aa\u30fc\u30ac\u30cb\u30c3\u30af+6%\uff09\u3001\u8abf\u6574\u5f8cEPS\u306f6.68\u30c9\u30eb\uff08+15%\uff09\u3001\u8abf\u6574\u5f8c\u55b6\u696d\u5229\u76ca\u7387\u306f24.5%\u306b\u6539\u5584\u3057\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u901a\u671f\u898b\u901a\u3057\u306f\u58f2\u4e0a\u9ad8477\u301c482\u5104\u30c9\u30eb\u3001\u8abf\u6574\u5f8cEPS25.13\u301c25.43\u30c9\u30eb\u3078\u4e0a\u65b9\u4fee\u6b63\uff08\u6c7a\u7b97\u8aac\u660e\u4f1a\u3067\u306e\u767a\u8868\uff09\u30021\u301c9\u6708\u3067\u7d0489\u5104\u30c9\u30eb\u3092\u8cb7\u53ce\u306b\u6295\u3058\u300140\u5104\u30c9\u30eb\u306e\u81ea\u793e\u682a\u8cb7\u3044\u3082\u5b9f\u65bd\u3057\u3066\u3044\u307e\u3059\u3002\u682a\u4fa1\u306f697.00\u30c9\u30eb\u3001\u6642\u4fa1\u7dcf\u984d\u306f\u7d042,583\u5104\u30c9\u30eb\u3001\u914d\u5f53\u5229\u56de\u308a\u306f\u7d040.3%\uff082026\u5e7410\u670830\u65e5\u7d42\u5024\u6642\u70b9\uff09\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"is-style-supplement-warning wp-block-paragraph\"><strong>\u3010\u30ea\u30b9\u30af\u3011<\/strong>\u7279\u6b8a\u8a3a\u65ad\u90e8\u9580\u306f\u6e1b\u53ce\u3067\u3001\u7c73\u56fd\u306e\u7814\u7a76\u4e88\u7b97\u3084\u4e2d\u56fd\u5e02\u5834\u306e\u52d5\u5411\u306b\u696d\u7e3e\u304c\u5de6\u53f3\u3055\u308c\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E3%83%A1%E3%83%89%E3%83%9A%E3%83%BC%E3%82%B9%E3%83%BB%E3%83%9B%E3%83%BC%E3%83%AB%E3%83%87%E3%82%A3%E3%83%B3%E3%82%B0%E3%82%B9%EF%BC%88MEDP%EF%BC%89\"><\/span><a href=\"https:\/\/finance.yahoo.co.jp\/quote\/MEDP\" target=\"_blank\" rel=\"noopener noreferrer\">\u30e1\u30c9\u30da\u30fc\u30b9\u30fb\u30db\u30fc\u30eb\u30c7\u30a3\u30f3\u30b0\u30b9\uff08MEDP\uff09<\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u30e1\u30c9\u30da\u30fc\u30b9\u306f\u4e2d\u5c0f\u30d0\u30a4\u30aa\u4f01\u696d\u5411\u3051\u306e\u81e8\u5e8a\u8a66\u9a13\u53d7\u8a17\uff08CRO\uff09\u306b\u5f37\u307f\u3092\u6301\u3064\u4f01\u696d\u3067\u3059\u3002\u8cc7\u91d1\u529b\u306e\u9650\u3089\u308c\u305f\u30d0\u30a4\u30aa\u30d9\u30f3\u30c1\u30e3\u30fc\u306b\u4ee3\u308f\u3063\u3066\u81e8\u5e8a\u8a66\u9a13\u3092\u8a2d\u8a08\u30fb\u904b\u55b6\u3057\u307e\u3059\u30027\u301c9\u6708\u671f\u306e\u58f2\u4e0a\u9ad8\u306f7.16\u5104\u30c9\u30eb\uff08+8.5%\uff09\u3001EBITDA\u306f1.72\u5104\u30c9\u30eb\uff08+16.0%\uff09\u3002\u65b0\u898f\u53d7\u6ce8\u306f8.73\u5104\u30c9\u30eb\uff08+10.6%\uff09\u3067\u3001\u53d7\u6ce8\u6b8b\u306f31.7\u5104\u30c9\u30eb\u306b\u7a4d\u307f\u4e0a\u304c\u308a\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u901a\u671f\u898b\u901a\u3057\u306f\u58f2\u4e0a\u9ad828.35\u301c28.55\u5104\u30c9\u30eb\uff08+12.0\u301c12.8%\uff09\u3001EPS17.97\u301c18.32\u30c9\u30eb\u300210\u6708\u306b\u306f10\u5104\u30c9\u30eb\u306e\u65b0\u305f\u306a\u81ea\u793e\u682a\u8cb7\u3044\u67a0\u3082\u8a2d\u5b9a\u3057\u307e\u3057\u305f\u3002\u682a\u4fa1\u306f652.01\u30c9\u30eb\u3001\u6642\u4fa1\u7dcf\u984d\u306f\u7d04190\u5104\u30c9\u30eb\uff082026\u5e7410\u670830\u65e5\u7d42\u5024\u6642\u70b9\uff09\u3002\u30d0\u30a4\u30aa\u4f01\u696d\u306e\u8cc7\u91d1\u8abf\u9054\u74b0\u5883\u304c\u6539\u5584\u3059\u308c\u3070\u30012027\u5e74\u306e\u53d7\u6ce8\u52a0\u901f\u304c\u671f\u5f85\u3055\u308c\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"is-style-supplement-warning wp-block-paragraph\"><strong>\u3010\u30ea\u30b9\u30af\u3011<\/strong>\u7d4c\u55b6\u9663\u306f\u8a66\u9a13\u306e\u30ad\u30e3\u30f3\u30bb\u30eb\u304c\u901a\u5e38\u30ec\u30f3\u30b8\u306e\u4e0a\u9650\u5bc4\u308a\u3068\u8aac\u660e\u3057\u3066\u304a\u308a\u3001\u30ad\u30e3\u30f3\u30bb\u30eb\u7387\u306e\u52d5\u5411\u306f\u8981\u78ba\u8a8d\u3067\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E3%83%86%E3%83%B3%E3%83%91%E3%82%B9AI%EF%BC%88TEM%EF%BC%89\"><\/span><a href=\"https:\/\/finance.yahoo.co.jp\/quote\/TEM\" target=\"_blank\" rel=\"noopener noreferrer\">\u30c6\u30f3\u30d1\u30b9AI\uff08TEM\uff09<\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u30c6\u30f3\u30d1\u30b9AI\u306f\u3001\u304c\u3093\u60a3\u8005\u306e\u907a\u4f1d\u5b50\u691c\u67fb\u3068\u3001\u305d\u3053\u304b\u3089\u5f97\u3089\u308c\u308b\u5927\u898f\u6a21\u306a\u533b\u7642\u30c7\u30fc\u30bf\u3092AI\u3067\u89e3\u6790\u3059\u308b\u4f01\u696d\u3067\u3059\u3002\u691c\u67fb\u3067\u53ce\u76ca\u3092\u4e0a\u3052\u3064\u3064\u3001\u533f\u540d\u5316\u3057\u305f\u30c7\u30fc\u30bf\u3092\u88fd\u85ac\u4f1a\u793e\u306b\u30e9\u30a4\u30bb\u30f3\u30b9\u63d0\u4f9b\u3059\u308b\u4e8c\u6bb5\u69cb\u3048\u306e\u30d3\u30b8\u30cd\u30b9\u3067\u3059\u3002\u76f4\u8fd1\u767a\u8868\u6e08\u307f\u306e4\u301c6\u6708\u671f\u306f\u58f2\u4e0a\u9ad83.83\u5104\u30c9\u30eb\uff08+22%\uff09\u3001\u30c7\u30fc\u30bf\u4e8b\u696d\u306f+28%\u3067\u3001\u8abf\u6574\u5f8cEBITDA\u306f800\u4e07\u30c9\u30eb\u306e\u9ed2\u5b57\u306b\u8ee2\u63db\u3057\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u901a\u671f\u58f2\u4e0a\u9ad8\u898b\u901a\u3057\u306f15.95\u301c16.05\u5104\u30c9\u30eb\uff08\u7d04+25%\uff09\u306b\u5f15\u304d\u4e0a\u3052\u3089\u308c\u3001\u304c\u3093\u907a\u4f1d\u5b50\u691c\u67fb\u306e\u30d1\u30fc\u30bd\u30ca\u30ea\u30b9\u306e\u8cb7\u53ce\uff08\u7d0415\u5104\u30c9\u30eb\uff09\u3082\u9032\u3081\u3066\u3044\u307e\u3059\u3002\u682a\u4fa1\u306f72.22\u30c9\u30eb\u3001\u6642\u4fa1\u7dcf\u984d\u306f\u7d04130\u5104\u30c9\u30eb\uff082026\u5e7410\u670830\u65e5\u7d42\u5024\u6642\u70b9\uff09\u30027\u301c9\u6708\u671f\u6c7a\u7b97\u306f11\u67082\u65e5\u306b\u767a\u8868\u4e88\u5b9a\u3067\u3059\u300210\u793e\u306e\u4e2d\u3067\u6700\u3082\u6210\u9577\u671f\u5f85\u304c\u5927\u304d\u304f\u3001\u540c\u6642\u306b\u6700\u3082\u5024\u52d5\u304d\u304c\u6fc0\u3057\u3044\u300c\u653b\u3081\u67a0\u300d\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"is-style-supplement-warning wp-block-paragraph\"><strong>\u3010\u30ea\u30b9\u30af\u3011<\/strong>\u9ed2\u5b57\u5316\u306f\u59cb\u307e\u3063\u305f\u3070\u304b\u308a\u3067\u3001\u682a\u4fa1\u306f\u6c7a\u7b97\u3084\u91d1\u5229\u52d5\u5411\u3067\u5927\u304d\u304f\u5909\u52d5\u3057\u307e\u3059\u3002\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u5168\u4f53\u306e5%\u7a0b\u5ea6\u307e\u3067\u306a\u3069\u3001\u6bd4\u7387\u306e\u4e0a\u9650\u3092\u6c7a\u3081\u3066\u304a\u304f\u3068\u5b89\u5fc3\u3067\u3059\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E7%B1%B3%E5%9B%BD%E6%A0%AA%E3%81%AE%E8%B2%B7%E3%81%84%E6%96%B9%EF%BD%9C%E6%96%B0NISA%E6%88%90%E9%95%B7%E6%8A%95%E8%B3%87%E6%9E%A0%E3%81%A8%E7%82%BA%E6%9B%BF%E3%83%AA%E3%82%B9%E3%82%AF\"><\/span>\u7c73\u56fd\u682a\u306e\u8cb7\u3044\u65b9\uff5c\u65b0NISA\u6210\u9577\u6295\u8cc7\u67a0\u3068\u70ba\u66ff\u30ea\u30b9\u30af<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">\u4eca\u56de\u7d39\u4ecb\u3057\u305f10\u793e\u306f\u3001\u3044\u305a\u308c\u3082SBI\u8a3c\u5238\u3001\u697d\u5929\u8a3c\u5238\u3001\u30de\u30cd\u30c3\u30af\u30b9\u8a3c\u5238\u306a\u3069\u65e5\u672c\u306e\u4e3b\u8981\u30cd\u30c3\u30c8\u8a3c\u5238\u3067\u58f2\u8cb7\u3067\u304d\u307e\u3059\uff08\u53d6\u6271\u72b6\u6cc1\u306f\u5404\u793e\u30b5\u30a4\u30c8\u3067\u6700\u65b0\u60c5\u5831\u3092\u3054\u78ba\u8a8d\u304f\u3060\u3055\u3044\uff09\u3002\u7c73\u56fd\u682a\u306f1\u682a\u5358\u4f4d\u3067\u8cfc\u5165\u3067\u304d\u3001\u30e1\u30c9\u30da\u30fc\u30b9\u3084\u30b5\u30fc\u30e2\u30d5\u30a3\u30c3\u30b7\u30e3\u30fc\u306e\u3088\u3046\u306b\u682a\u4fa1\u304c\u9ad8\u3044\u9298\u67c4\u3067\u30821\u682a\u304b\u3089\u6295\u8cc7\u3067\u304d\u307e\u3059\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u65b0NISA\u306e\u6210\u9577\u6295\u8cc7\u67a0\uff08\u5e74240\u4e07\u5186\uff09\u3067\u8cfc\u5165\u3059\u308c\u3070\u3001\u58f2\u5374\u76ca\u3068\u914d\u5f53\u306e\u65e5\u672c\u306e\u7a0e\u91d1\u304c\u975e\u8ab2\u7a0e\u306b\u306a\u308a\u307e\u3059\u3002\u305f\u3060\u3057\u7c73\u56fd\u3067\u6e90\u6cc9\u5fb4\u53ce\u3055\u308c\u308b\u914d\u5f53\u8ab2\u7a0e\uff0810%\uff09\u306f\u5916\u56fd\u7a0e\u984d\u63a7\u9664\u306e\u5bfe\u8c61\u5916\u3067\u3059\u3002<\/li>\n\n\n\n<li>\u5186\u3067\u8cb7\u3046\u304b\u3001\u30c9\u30eb\u3067\u8cb7\u3046\u304b\u3092\u9078\u3079\u307e\u3059\u3002\u30c9\u30eb\u3092\u4fdd\u6709\u3057\u3066\u3044\u308b\u5834\u5408\u306f\u5916\u8ca8\u6c7a\u6e08\u3001\u305d\u3046\u3067\u306a\u3051\u308c\u3070\u5186\u8ca8\u6c7a\u6e08\u304c\u624b\u8efd\u3067\u3059\u3002<\/li>\n\n\n\n<li>\u5b9a\u671f\u8cb7\u4ed8\uff08\u7a4d\u7acb\uff09\u30b5\u30fc\u30d3\u30b9\u3092\u4f7f\u3048\u3070\u3001\u4fa1\u683c\u5909\u52d5\u306e\u5927\u304d\u3044\u4e2d\u578b\u682a\u3082\u6642\u9593\u3092\u5206\u6563\u3057\u3066\u8cb7\u3048\u307e\u3059\u3002<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">\u70ba\u66ff\u306b\u3064\u3044\u3066\u306f\u3001\u30c9\u30eb\u5186\u306f2026\u5e74\u306b152\u301c164\u5186\u306e\u30ec\u30f3\u30b8\u3067\u63a8\u79fb\u3057\u307e\u3057\u305f\uff0810\u670826\u65e5\u6642\u70b9\u3067156\u5186\u53f0\u5f8c\u534a\uff09\u3002\u5186\u9ad8\u304c\u9032\u3080\u3068\u3001\u682a\u4fa1\u304c\u5909\u308f\u3089\u306a\u304f\u3066\u3082\u5186\u63db\u7b97\u306e\u8cc7\u7523\u306f\u6e1b\u308a\u307e\u3059\u3002\u4e00\u5ea6\u306b\u5168\u984d\u3092\u6295\u3058\u308b\u306e\u3067\u306f\u306a\u304f\u3001\u6570\u56de\u306b\u5206\u3051\u3066\u8cb7\u3046\u65b9\u6cd5\u304c\u70ba\u66ff\u30ea\u30b9\u30af\u3092\u6291\u3048\u308b\u57fa\u672c\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"is-style-supplement-hint wp-block-paragraph\"><strong>\u3010\u7d44\u307f\u5408\u308f\u305b\u4f8b\u3011<\/strong>\u5b89\u5b9a\u91cd\u8996\u306a\u3089\u300cABT\u30fbTMO\u30fbSYK\u300d\u3092\u4e2d\u5fc3\u306b\u3001\u6210\u9577\u91cd\u8996\u306a\u3089\u300cDXCM\u30fbVRTX\u300d\u3092\u52a0\u3048\u3001ALNY\u30fbPODD\u30fbTEM\u306a\u3069\u5024\u52d5\u304d\u306e\u5927\u304d\u3044\u4e2d\u578b\u682a\u306f\u5408\u8a082\u301c3\u5272\u7a0b\u5ea6\u307e\u3067\u306b\u6291\u3048\u308b\u3001\u3068\u3044\u3063\u305f\u914d\u5206\u304c\u4e00\u3064\u306e\u8003\u3048\u65b9\u3067\u3059\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"2027%E5%B9%B4%E3%81%AB%E3%83%98%E3%83%AB%E3%82%B9%E3%82%B1%E3%82%A2%E6%A0%AA%E3%81%B8%E6%8A%95%E8%B3%87%E3%81%99%E3%82%8B%E9%9A%9B%E3%81%AE%E3%83%AA%E3%82%B9%E3%82%AF%E3%81%A8%E6%B3%A8%E6%84%8F%E7%82%B9\"><\/span>2027\u5e74\u306b\u30d8\u30eb\u30b9\u30b1\u30a2\u682a\u3078\u6295\u8cc7\u3059\u308b\u969b\u306e\u30ea\u30b9\u30af\u3068\u6ce8\u610f\u70b9<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u653f\u7b56\u30ea\u30b9\u30af\uff1a\u85ac\u4fa1\u5f15\u304d\u4e0b\u3052\uff08MFN\u3001\u30e1\u30c7\u30a3\u30b1\u30a2\u85ac\u4fa1\u4ea4\u6e09\uff09\u3001\u533b\u85ac\u54c1\u95a2\u7a0e\u3001\u533b\u7642\u4fdd\u967a\u5236\u5ea6\u306e\u898b\u76f4\u3057\u306f\u3001\u88fd\u85ac\u30fb\u30d0\u30a4\u30aa\u682a\u306e\u5229\u76ca\u306b\u76f4\u63a5\u5f71\u97ff\u3057\u307e\u3059\u3002<\/li>\n\n\n\n<li>\u91d1\u5229\u30ea\u30b9\u30af\uff1a\u5831\u9053\u306b\u3088\u308c\u3070\u5e02\u5834\u306fFRB\u306e\u5229\u4e0a\u3052\u3092\u7e54\u308a\u8fbc\u307f\u3064\u3064\u3042\u308a\u3001\u9ad8PER\u306e\u6210\u9577\u682a\u3084\u30d0\u30a4\u30aa\u682a\u306f\u91d1\u5229\u4e0a\u6607\u5c40\u9762\u3067\u58f2\u3089\u308c\u3084\u3059\u304f\u306a\u308a\u307e\u3059\u3002<\/li>\n\n\n\n<li>\u81e8\u5e8a\u8a66\u9a13\u30fb\u627f\u8a8d\u30ea\u30b9\u30af\uff1a\u65b0\u85ac\u306e\u8a66\u9a13\u5931\u6557\u3084\u627f\u8a8d\u5ef6\u671f\u3067\u3001\u682a\u4fa1\u304c1\u65e5\u306720\u301c30%\u52d5\u304f\u3053\u3068\u3082\u3042\u308a\u307e\u3059\u3002<\/li>\n\n\n\n<li>\u7af6\u4e89\u30fb\u6280\u8853\u30ea\u30b9\u30af\uff1aPFA\u3084CGM\u306e\u3088\u3046\u306b\u3001\u65b0\u6280\u8853\u306f\u7af6\u5408\u53c2\u5165\u3067\u4fa1\u683c\u304c\u4e0b\u304c\u308a\u3084\u3059\u3044\u5206\u91ce\u3067\u3059\u3002<\/li>\n\n\n\n<li>\u70ba\u66ff\u30ea\u30b9\u30af\uff1a\u5186\u9ad8\u306b\u306a\u308b\u3068\u5186\u63db\u7b97\u306e\u30ea\u30bf\u30fc\u30f3\u304c\u76ee\u6e1b\u308a\u3057\u307e\u3059\u3002<\/li>\n\n\n\n<li>\u30b5\u30a4\u30d0\u30fc\u653b\u6483\u30fb\u54c1\u8cea\u554f\u984c\uff1a2026\u5e74\u306f\u8907\u6570\u306e\u533b\u7642\u6a5f\u5668\u4f01\u696d\u3067\u30b5\u30a4\u30d0\u30fc\u653b\u6483\u3084\u88fd\u54c1\u6539\u4fee\u304c\u696d\u7e3e\u306b\u5f71\u97ff\u3057\u307e\u3057\u305f\u3002<\/li>\n<\/ul>\n\n\n\n<p class=\"is-style-supplement-warning wp-block-paragraph\"><strong>\u3010\u6ce8\u610f\u3011<\/strong>\u672c\u8a18\u4e8b\u306e\u6570\u5024\u306f2026\u5e7410\u6708\u672b\u6642\u70b9\u306e\u516c\u958b\u60c5\u5831\u306b\u57fa\u3065\u304f\u3082\u306e\u3067\u3001\u4eca\u5f8c\u306e\u6c7a\u7b97\uff08VRTX\u30fbTEM\u306f11\u67082\u65e5\u3001PODD\u306f11\u67084\u65e5\u4e88\u5b9a\uff09\u3067\u72b6\u6cc1\u304c\u5909\u308f\u308b\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u3002\u6295\u8cc7\u524d\u306b\u306f\u5fc5\u305a\u6700\u65b0\u306e\u6c7a\u7b97\u8cc7\u6599\u3092\u3054\u78ba\u8a8d\u304f\u3060\u3055\u3044\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"2027%E5%B9%B4%E3%81%AE%E7%B1%B3%E5%9B%BD%E3%83%98%E3%83%AB%E3%82%B9%E3%82%B1%E3%82%A2%E6%A0%AA%E3%81%AB%E9%96%A2%E3%81%99%E3%82%8B%E3%82%88%E3%81%8F%E3%81%82%E3%82%8B%E8%B3%AA%E5%95%8F%EF%BC%88FAQ%EF%BC%89\"><\/span>2027\u5e74\u306e\u7c73\u56fd\u30d8\u30eb\u30b9\u30b1\u30a2\u682a\u306b\u95a2\u3059\u308b\u3088\u304f\u3042\u308b\u8cea\u554f\uff08FAQ\uff09<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q_2027%E5%B9%B4%E3%81%AB%E7%B1%B3%E5%9B%BD%E3%81%AE%E3%83%98%E3%83%AB%E3%82%B9%E3%82%B1%E3%82%A2%E6%A0%AA%E3%81%8C%E3%83%88%E3%83%AC%E3%83%B3%E3%83%89%E3%81%AB%E3%81%AA%E3%82%8B%E3%81%A8%E8%80%83%E3%81%88%E3%82%89%E3%82%8C%E3%82%8B%E7%90%86%E7%94%B1%E3%81%AF%EF%BC%9F\"><\/span>Q. 2027\u5e74\u306b\u7c73\u56fd\u306e\u30d8\u30eb\u30b9\u30b1\u30a2\u682a\u304c\u30c8\u30ec\u30f3\u30c9\u306b\u306a\u308b\u3068\u8003\u3048\u3089\u308c\u308b\u7406\u7531\u306f\uff1f<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>A.<\/strong> \u9ad8\u9f62\u5316\u306b\u3088\u308b\u533b\u7642\u9700\u8981\u306e\u62e1\u5927\u306b\u52a0\u3048\u3066\u3001\u85ac\u4fa1\u30fb\u95a2\u7a0e\u306a\u3069\u306e\u653f\u7b56\u306e\u4e0d\u900f\u660e\u611f\u304c\u5f8c\u9000\u3057\u3064\u3064\u3042\u308b\u3053\u3068\u3001AI\u76f8\u5834\u306e\u6b21\u306e\u6295\u8cc7\u5148\u3068\u3057\u3066\u898b\u76f4\u3057\u304c\u9032\u3093\u3067\u3044\u308b\u3053\u3068\u304c\u4e3b\u306a\u7406\u7531\u3067\u3059\u30022026\u5e74\u306fXLV\u304cS&amp;P500\u3092\u4e0a\u56de\u308b\u5834\u9762\u3082\u3042\u308a\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q_%E3%83%98%E3%83%AB%E3%82%B9%E3%82%B1%E3%82%A2%E6%A0%AA%E3%81%AF%E3%83%87%E3%82%A3%E3%83%95%E3%82%A7%E3%83%B3%E3%82%B7%E3%83%96%E6%A0%AA%E3%81%A8%E8%80%83%E3%81%88%E3%81%A6%E3%82%88%E3%81%84%E3%81%A7%E3%81%99%E3%81%8B%EF%BC%9F\"><\/span>Q. \u30d8\u30eb\u30b9\u30b1\u30a2\u682a\u306f\u30c7\u30a3\u30d5\u30a7\u30f3\u30b7\u30d6\u682a\u3068\u8003\u3048\u3066\u3088\u3044\u3067\u3059\u304b\uff1f<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>A.<\/strong> \u533b\u7642\u9700\u8981\u306f\u666f\u6c17\u306e\u5f71\u97ff\u3092\u53d7\u3051\u306b\u304f\u3044\u305f\u3081\u3001\u30a2\u30dc\u30c3\u30c8\u306e\u3088\u3046\u306a\u5927\u578b\u682a\u306f\u30c7\u30a3\u30d5\u30a7\u30f3\u30b7\u30d6\u6027\u304c\u3042\u308a\u307e\u3059\u3002\u4e00\u65b9\u3001\u30a2\u30eb\u30ca\u30a4\u30e9\u30e0\u3084\u30c6\u30f3\u30d1\u30b9AI\u306a\u3069\u306e\u30d0\u30a4\u30aa\u30fb\u6210\u9577\u682a\u306f\u5024\u52d5\u304d\u304c\u5927\u304d\u304f\u3001\u30c7\u30a3\u30d5\u30a7\u30f3\u30b7\u30d6\u3068\u306f\u3044\u3048\u307e\u305b\u3093\u3002\u9298\u67c4\u3054\u3068\u306b\u6027\u683c\u304c\u7570\u306a\u308b\u70b9\u306b\u6ce8\u610f\u3057\u307e\u3057\u3087\u3046\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q_%E6%96%B0NISA%E3%81%A7%E7%B1%B3%E5%9B%BD%E3%81%AE%E5%80%8B%E5%88%A5%E6%A0%AA%E3%82%92%E8%B2%B7%E3%81%86%E3%81%93%E3%81%A8%E3%81%AF%E3%81%A7%E3%81%8D%E3%81%BE%E3%81%99%E3%81%8B%EF%BC%9F\"><\/span>Q. \u65b0NISA\u3067\u7c73\u56fd\u306e\u500b\u5225\u682a\u3092\u8cb7\u3046\u3053\u3068\u306f\u3067\u304d\u307e\u3059\u304b\uff1f<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>A.<\/strong> \u306f\u3044\u3002\u6210\u9577\u6295\u8cc7\u67a0\u3067\u7c73\u56fd\u306e\u500b\u5225\u682a\u3092\u8cfc\u5165\u3067\u304d\u307e\u3059\u3002\u58f2\u5374\u76ca\u3084\u914d\u5f53\u306b\u304b\u304b\u308b\u65e5\u672c\u306e\u7a0e\u91d1\u306f\u975e\u8ab2\u7a0e\u3067\u3059\u304c\u3001\u7c73\u56fd\u3067\u8ab2\u3055\u308c\u308b\u914d\u5f53\u306e10%\u6e90\u6cc9\u5fb4\u53ce\u306f\u6b8b\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q_%E5%B0%91%E9%A1%8D%E3%81%8B%E3%82%89%E5%A7%8B%E3%82%81%E3%82%8B%E3%81%AA%E3%82%89%E3%81%A9%E3%81%AE%E9%8A%98%E6%9F%84%E3%81%8C%E5%90%91%E3%81%84%E3%81%A6%E3%81%84%E3%81%BE%E3%81%99%E3%81%8B%EF%BC%9F\"><\/span>Q. \u5c11\u984d\u304b\u3089\u59cb\u3081\u308b\u306a\u3089\u3069\u306e\u9298\u67c4\u304c\u5411\u3044\u3066\u3044\u307e\u3059\u304b\uff1f<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>A.<\/strong> \u682a\u4fa1\u304c100\u30c9\u30eb\u524d\u5f8c\u306e\u30a2\u30dc\u30c3\u30c8\uff08ABT\uff09\u3001\u30c7\u30af\u30b9\u30b3\u30e0\uff08DXCM\uff09\u3001\u30dc\u30b9\u30c8\u30f3\u30fb\u30b5\u30a4\u30a8\u30f3\u30c6\u30a3\u30d5\u30a3\u30c3\u30af\uff08BSX\uff09\u306a\u3069\u306f1\u682a\u3042\u305f\u308a\u306e\u6295\u8cc7\u91d1\u984d\u304c\u6bd4\u8f03\u7684\u5c0f\u3055\u304f\u59cb\u3081\u3084\u3059\u3044\u9298\u67c4\u3067\u3059\u3002\u305f\u3060\u3057\u4fa1\u683c\u3060\u3051\u3067\u9078\u3070\u305a\u3001\u4e8b\u696d\u5185\u5bb9\u3068\u30ea\u30b9\u30af\u3092\u78ba\u8a8d\u3057\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q_GLP-1%EF%BC%88%E8%82%A5%E6%BA%80%E7%97%87%E6%B2%BB%E7%99%82%E8%96%AC%EF%BC%89%E3%81%AE%E6%99%AE%E5%8F%8A%E3%81%AF%E5%8C%BB%E7%99%82%E6%A9%9F%E5%99%A8%E6%A0%AA%E3%81%AB%E3%83%9E%E3%82%A4%E3%83%8A%E3%82%B9%E3%81%A7%E3%81%99%E3%81%8B%EF%BC%9F\"><\/span>Q. GLP-1\uff08\u80a5\u6e80\u75c7\u6cbb\u7642\u85ac\uff09\u306e\u666e\u53ca\u306f\u533b\u7642\u6a5f\u5668\u682a\u306b\u30de\u30a4\u30ca\u30b9\u3067\u3059\u304b\uff1f<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>A.<\/strong> \u4e00\u90e8\u3067\u306f\u624b\u8853\u4ef6\u6570\u306e\u6e1b\u5c11\u3092\u61f8\u5ff5\u3059\u308b\u898b\u65b9\u3082\u3042\u308a\u307e\u3059\u304c\u3001CGM\u306e\u3088\u3046\u306b\u300c\u5065\u5eb7\u72b6\u614b\u3092\u6e2c\u308b\u300d\u9700\u8981\u304c\u9ad8\u307e\u308b\u5206\u91ce\u306b\u306f\u30d7\u30e9\u30b9\u306b\u50cd\u304f\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u3002\u5f71\u97ff\u306f\u4e8b\u696d\u3054\u3068\u306b\u7570\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q_%E3%83%98%E3%83%AB%E3%82%B9%E3%82%B1%E3%82%A2ETF%E3%81%A8%E5%80%8B%E5%88%A5%E6%A0%AA%E3%80%81%E3%81%A9%E3%81%A1%E3%82%89%E3%81%8C%E3%82%88%E3%81%84%E3%81%A7%E3%81%99%E3%81%8B%EF%BC%9F\"><\/span>Q. \u30d8\u30eb\u30b9\u30b1\u30a2ETF\u3068\u500b\u5225\u682a\u3001\u3069\u3061\u3089\u304c\u3088\u3044\u3067\u3059\u304b\uff1f<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>A.<\/strong> \u624b\u9593\u3092\u304b\u3051\u305a\u306b\u5206\u6563\u3057\u305f\u3044\u306a\u3089ETF\u3001\u6210\u9577\u30c6\u30fc\u30de\u3092\u7d5e\u3063\u3066\u6295\u8cc7\u3057\u305f\u3044\u306a\u3089\u500b\u5225\u682a\u304c\u5411\u3044\u3066\u3044\u307e\u3059\u3002\u500b\u5225\u682a\u306e\u6bd4\u7387\u3092\u4e00\u90e8\u306b\u3068\u3069\u3081\u3001ETF\u3068\u7d44\u307f\u5408\u308f\u305b\u308b\u65b9\u6cd5\u3082\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E3%81%BE%E3%81%A8%E3%82%81%EF%BD%9C2027%E5%B9%B4%E3%81%AF%E3%80%8C%E9%AB%98%E9%BD%A2%E5%8C%96%C3%97%E5%8C%BB%E7%99%82%E3%82%A4%E3%83%8E%E3%83%99%E3%83%BC%E3%82%B7%E3%83%A7%E3%83%B3%E3%80%8D%E3%81%AE%E7%B1%B3%E5%9B%BD%E6%A0%AA%E3%81%AB%E6%B3%A8%E7%9B%AE\"><\/span>\u307e\u3068\u3081\uff5c2027\u5e74\u306f\u300c\u9ad8\u9f62\u5316\u00d7\u533b\u7642\u30a4\u30ce\u30d9\u30fc\u30b7\u30e7\u30f3\u300d\u306e\u7c73\u56fd\u682a\u306b\u6ce8\u76ee<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">2027\u5e74\u306b\u5411\u3051\u305f\u7c73\u56fd\u682a\u306e\u30c8\u30ec\u30f3\u30c9\u3068\u3057\u3066\u3001\u533b\u7642\u6a5f\u5668\u30fb\u7cd6\u5c3f\u75c5\u30c6\u30c3\u30af\u30fb\u6b21\u4e16\u4ee3\u5275\u85ac\u30fb\u5275\u85ac\u30a4\u30f3\u30d5\u30e9\u306e10\u793e\u3092\u7d39\u4ecb\u3057\u307e\u3057\u305f\u3002<strong>\u30b9\u30c8\u30e9\u30a4\u30ab\u30fc\u3084\u30a2\u30dc\u30c3\u30c8\u3001\u30b5\u30fc\u30e2\u30d5\u30a3\u30c3\u30b7\u30e3\u30fc\u306e\u3088\u3046\u306a\u5927\u578b\u682a\u306f\u5b89\u5b9a\u3057\u305f\u6210\u9577\u304c\u671f\u5f85\u3067\u304d\u308b\u4e00\u65b9\u3001\u30dc\u30b9\u30c8\u30f3\u30fb\u30b5\u30a4\u30a8\u30f3\u30c6\u30a3\u30d5\u30a3\u30c3\u30af\u3084\u30a2\u30eb\u30ca\u30a4\u30e9\u30e0\u306e\u3088\u3046\u306b2026\u5e74\u306b\u682a\u4fa1\u304c\u5927\u304d\u304f\u8abf\u6574\u3057\u305f\u9298\u67c4\u3082\u3042\u308a\u307e\u3059\u3002<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u30d8\u30eb\u30b9\u30b1\u30a2\u682a\u306f\u3001\u9ad8\u9f62\u5316\u3068\u3044\u3046\u78ba\u5ea6\u306e\u9ad8\u3044\u30c8\u30ec\u30f3\u30c9\u306b\u652f\u3048\u3089\u308c\u308b\u4e00\u65b9\u3067\u3001\u653f\u7b56\u3084\u81e8\u5e8a\u8a66\u9a13\u306e\u7d50\u679c\u3067\u682a\u4fa1\u304c\u5927\u304d\u304f\u52d5\u304f\u30bb\u30af\u30bf\u30fc\u3067\u3059\u3002<strong><span class=\"pre--maker span-stk-maker-yellow\">\u5927\u578b\u682a\u3068\u4e2d\u578b\u682a\u3092\u7d44\u307f\u5408\u308f\u305b\u3001\u6642\u9593\u3068\u70ba\u66ff\u3092\u5206\u6563\u3057\u306a\u304c\u3089\u3001\u6c7a\u7b97\u3054\u3068\u306b\u6295\u8cc7\u306e\u524d\u63d0\u3092\u78ba\u8a8d\u3057\u3066\u3044\u304f\u3053\u3068\u304c\u5927\u5207<\/span><\/strong>\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"is-style-supplement-warning wp-block-paragraph\"><strong>\u3010\u514d\u8cac\u4e8b\u9805\u3011<\/strong>\u672c\u8a18\u4e8b\u306f\u60c5\u5831\u63d0\u4f9b\u3092\u76ee\u7684\u3068\u3057\u305f\u3082\u306e\u3067\u3042\u308a\u3001\u7279\u5b9a\u9298\u67c4\u306e\u58f2\u8cb7\u3092\u63a8\u5968\u3059\u308b\u3082\u306e\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u8a18\u8f09\u306e\u682a\u4fa1\u30fb\u696d\u7e3e\u7b49\u306e\u6570\u5024\u306f2026\u5e7410\u6708\u672b\u6642\u70b9\u306e\u516c\u958b\u60c5\u5831\u306b\u57fa\u3065\u304d\u3001\u5c06\u6765\u306e\u6210\u679c\u3092\u4fdd\u8a3c\u3059\u308b\u3082\u306e\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u6295\u8cc7\u5224\u65ad\u306f\u3054\u81ea\u8eab\u306e\u8cac\u4efb\u3067\u304a\u9858\u3044\u3057\u307e\u3059\u3002<\/p>\n\n\n<div class=\"related_article typesimple\"><a class=\"related_article__link no-icon\" href=\"https:\/\/marketsquare.jp\/?p=1404\"><figure class=\"eyecatch of-cover thum\"><img decoding=\"async\" width=\"485\" height=\"239\" src=\"https:\/\/marketsquare.jp\/wp-content\/uploads\/2026\/10\/stablecoin_2027-485x239.jpg\" class=\"archives-eyecatch-image attachment-oc-post-thum wp-post-image\" alt=\"\u30102027\u5e74\u3011\u7c73\u56fd\u682a\u304a\u3059\u3059\u308110\u793e\uff5c\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u30fb\u30c8\u30fc\u30af\u30f3\u5316\u306e\u91d1\u878d\u30a4\u30f3\u30d5\u30e9\u682a\" srcset=\"https:\/\/marketsquare.jp\/wp-content\/uploads\/2026\/10\/stablecoin_2027-485x239.jpg 485w, https:\/\/marketsquare.jp\/wp-content\/uploads\/2026\/10\/stablecoin_2027-300x148.jpg 300w, https:\/\/marketsquare.jp\/wp-content\/uploads\/2026\/10\/stablecoin_2027-1024x504.jpg 1024w, https:\/\/marketsquare.jp\/wp-content\/uploads\/2026\/10\/stablecoin_2027-768x378.jpg 768w, https:\/\/marketsquare.jp\/wp-content\/uploads\/2026\/10\/stablecoin_2027.jpg 1280w\" sizes=\"(max-width: 485px) 45vw, 485px\" \/><\/figure><div class=\"related_article__meta archives_post__meta inbox\"><div class=\"related_article__ttl ttl\"><span class=\"labeltext\">\u95a2\u9023\u8a18\u4e8b<\/span>\u30102027\u5e74\u3011\u7c73\u56fd\u682a\u304a\u3059\u3059\u308110\u793e\uff5c\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u30fb\u30c8\u30fc\u30af\u30f3\u5316\u306e\u91d1\u878d\u30a4\u30f3\u30d5\u30e9\u682a<\/div><time class=\"time__date 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