{"id":1966,"date":"2026-05-22T18:37:43","date_gmt":"2026-05-22T09:37:43","guid":{"rendered":"https:\/\/blog.gbase.ai\/gtm\/?p=1966"},"modified":"2026-10-23T23:00:57","modified_gmt":"2026-10-23T14:00:57","slug":"endaka-merit-ranking-2026-4","status":"publish","type":"post","link":"https:\/\/blog.gbase.ai\/gtm\/endaka-merit-ranking-2026-4\/","title":{"rendered":"\u5186\u9ad8\u3067\u5132\u304b\u308b\u4f01\u696d\u30e9\u30f3\u30ad\u30f3\u30b0 2026\uff5c\u91ce\u6751\u8a3c\u5238\u30c7\u30fc\u30bf\u57fa\u6e9656\u9298\u67c4\u5fb9\u5e95\u5206\u6790"},"content":{"rendered":"\n<style>\n\/* Hide WP header\/footer *\/\n.entry-header, h1.entry-title { display: none !important; }\n.entry-footer, .post-navigation { display: none !important; }\n\/* Expand Astra outer containers *\/\n.ast-container, .site-content .ast-container { max-width: 100% !important; padding: 0 !important; }\n.ast-separate-container .ast-article-single, .ast-separate-container .ast-article-post { max-width: 100% !important; padding: 0 !important; background: #faf7f4 !important; }\n.ast-separate-container .entry-content { margin: 0 !important; padding: 0 !important; }\n.site-main > article { max-width: 100% !important; }\n\/* Background color *\/\nbody, .site-content, #content, .ast-separate-container, #primary { background: #faf7f4 !important; }\n\/* Hide Astra default header *\/\n.ast-above-header, .ast-below-header, #ast-fixed-header, .main-header-bar, .ast-primary-header, header.site-header { display: none !important; }\n<\/style>\n<nav style=\"background:#1a1a1a;padding:10px 0;position:sticky;top:0;z-index:9999;font-family:'Noto Sans JP',sans-serif;\">\n  <div style=\"max-width:960px;margin:0 auto;display:flex;align-items:center;justify-content:space-between;padding:0 20px;\">\n    <a href=\"https:\/\/s.gbase.ai\" style=\"color:white;text-decoration:none;font-weight:700;font-size:18px;\" target=\"_blank\" rel=\"noopener\">\n      GBase GTM\n    <\/a>\n    <div style=\"display:flex;gap:24px;align-items:center;\">\n      <a href=\"https:\/\/s.gbase.ai\/insight\/\" style=\"color:#ccc;text-decoration:none;font-size:14px;\" target=\"_blank\" rel=\"noopener\">\u30a4\u30f3\u30b5\u30a4\u30c8<\/a>\n      <a href=\"https:\/\/s.gbase.ai\/\" style=\"color:#ccc;text-decoration:none;font-size:14px;\" target=\"_blank\" rel=\"noopener\">\u5546\u6a5f\u691c\u7d22<\/a>\n      <a href=\"https:\/\/s.gbase.ai\/ppt\" style=\"color:#ccc;text-decoration:none;font-size:14px;\" target=\"_blank\" rel=\"noopener\">PPT\u4f5c\u6210<\/a>\n    <\/div>\n  <\/div>\n<\/nav>\n<style>\n\n        * { margin: 0; padding: 0; box-sizing: border-box; }\n        body { font-family: \"Hiragino Kaku Gothic ProN\", \"Noto Sans JP\", sans-serif; background-color: #f7fafc; color: #2d3748; line-height: 1.7; }\n        .container { max-width: 900px; margin: 0 auto; background-color: #ffffff; }\n\n        \/* Breadcrumb *\/\n        .breadcrumb { padding: 1rem 2rem; background-color: #f7fafc; font-size: 0.875rem; color: #718096; }\n        .breadcrumb a { color: #718096; text-decoration: none; }\n        .breadcrumb a:hover { text-decoration: underline; }\n        .breadcrumb span { margin: 0 0.5rem; }\n\n        \/* Hero *\/\n        .hero { background-color: #ffffff; border-top: 4px solid #dc2626; padding: 3rem 2rem 2rem; }\n        .hero-label { display: inline-block; color: #dc2626; border: 1px solid #dc2626; padding: 0.25rem 0.75rem; border-radius: 4px; font-size: 0.75rem; font-weight: 600; margin-bottom: 1rem; }\n        .hero-title { font-size: 2.5rem; font-weight: 700; color: #7c2d12; margin-bottom: 0.75rem; line-height: 1.2; }\n        .hero-subtitle { font-size: 1.25rem; color: #ea580c; margin-bottom: 1.5rem; }\n        .hero-meta { font-size: 0.875rem; color: #718096; }\n\n        \/* Content *\/\n        .content { padding: 2rem 2rem 4rem; }\n        .section { margin-bottom: 3rem; }\n        .section-title { font-size: 1.5rem; font-weight: 700; color: #7c2d12; margin-bottom: 1.5rem; padding-bottom: 0.5rem; border-bottom: 2px solid #e5e7eb; }\n        .subsection-title { font-size: 1.125rem; font-weight: 600; color: #2d3748; margin-bottom: 1rem; margin-top: 1.5rem; }\n        .subsection-title:first-child { margin-top: 0; }\n        p { margin-bottom: 1rem; color: #4a5568; }\n\n        \/* Tables *\/\n        .table-wrapper { overflow-x: auto; margin: 1.5rem 0; }\n        table { width: 100%; border-collapse: collapse; font-size: 0.875rem; }\n        th, td { padding: 0.75rem 1rem; text-align: left; border: 1px solid #e2e8f0; }\n        th { background-color: #2c5282; color: #ffffff; font-weight: 600; }\n        tr:nth-child(even) { background-color: #f7fafc; }\n        tr:hover { background-color: #edf2f7; }\n\n        \/* Rank badges *\/\n        .rank-gold { color: #d97706; font-weight: 700; }\n        .rank-silver { color: #6b7280; font-weight: 700; }\n        .rank-bronze { color: #92400e; font-weight: 700; }\n\n        \/* Data Cards *\/\n        .data-cards { display: grid; grid-template-columns: repeat(auto-fit, minmax(250px, 1fr)); gap: 1rem; margin: 1.5rem 0; }\n        .data-card { background-color: #f7fafc; border: 1px solid #e5e7eb; border-radius: 8px; padding: 1.5rem; }\n        .data-card-label { font-size: 0.875rem; color: #718096; margin-bottom: 0.5rem; }\n        .data-card-value { font-size: 1.5rem; font-weight: 700; color: #7c2d12; }\n        .data-card-sub { font-size: 0.75rem; color: #718096; margin-top: 0.5rem; }\n\n        \/* Scenario Cards *\/\n        .scenario-card { background-color: #f7fafc; border: 1px solid #e5e7eb; border-radius: 8px; padding: 1.5rem; margin-bottom: 1rem; }\n        .scenario-header { display: flex; align-items: center; margin-bottom: 1rem; }\n        .scenario-badge { background-color: #7c2d12; color: #ffffff; padding: 0.25rem 0.75rem; border-radius: 4px; font-size: 0.75rem; font-weight: 600; margin-right: 0.75rem; }\n        .scenario-title { font-size: 1rem; font-weight: 700; color: #2d3748; }\n        .scenario-content { font-size: 0.875rem; color: #4a5568; }\n        .scenario-stocks { margin: 0.75rem 0; padding-left: 1.25rem; }\n        .scenario-stocks li { margin-bottom: 0.25rem; }\n        .scenario-basis { padding: 0.75rem; background-color: #ffffff; border-left: 3px solid #ea580c; border-radius: 0 4px 4px 0; font-size: 0.875rem; }\n\n        \/* Company Profile *\/\n        .company-profile { background-color: #f7fafc; border: 1px solid #e5e7eb; border-radius: 8px; padding: 1.5rem; margin-bottom: 1.5rem; }\n        .company-name { font-size: 1.125rem; font-weight: 700; color: #7c2d12; margin-bottom: 0.5rem; }\n        .company-beta { font-size: 0.875rem; color: #ea580c; margin-bottom: 1rem; }\n        .company-table { width: 100%; font-size: 0.875rem; }\n        .company-table td { padding: 0.5rem 0; border: none; }\n        .company-table td:first-child { font-weight: 600; color: #2d3748; width: 40%; }\n        .company-table td:last-child { color: #4a5568; }\n\n        \/* Category Badge *\/\n        .category-badge { display: inline-block; padding: 0.125rem 0.5rem; border-radius: 4px; font-size: 0.75rem; font-weight: 600; margin-left: 0.5rem; }\n        .cat-1 { background-color: #dcfce7; color: #166534; }\n        .cat-2 { background-color: #dbeafe; color: #1e40af; }\n        .cat-3 { background-color: #fef3c7; color: #92400e; }\n        .cat-4 { background-color: #e0e7ff; color: #3730a3; }\n        .cat-5 { background-color: #f3e8ff; color: #6b21a8; }\n\n        \/* Lists *\/\n        ul, ol { margin: 1rem 0; padding-left: 1.5rem; color: #4a5568; }\n        li { margin-bottom: 0.5rem; }\n        strong { color: #7c2d12; font-weight: 600; }\n\n        \/* Disclaimer *\/\n        .disclaimer { background-color: #fff5f5; border: 1px solid #feb2b2; border-radius: 6px; padding: 1rem; margin: 2rem 0; font-size: 0.75rem; color: #742a2a; }\n\n        \/* FAQ Section *\/\n        .faq-section { margin-top: 3rem; padding-top: 2rem; border-top: 2px solid #e5e7eb; }\n        .faq-item { margin-bottom: 1.5rem; }\n        .faq-question { font-size: 1rem; font-weight: 600; color: #7c2d12; margin-bottom: 0.5rem; }\n        .faq-answer { font-size: 0.875rem; color: #4a5568; line-height: 1.6; }\n\n        \/* Footer *\/\n        .footer { background-color: #292524; color: #ffffff; padding: 3rem 2rem; }\n        .footer-content { max-width: 900px; margin: 0 auto; }\n        .footer-links { display: flex; flex-wrap: wrap; gap: 2rem; margin-bottom: 1.5rem; }\n        .footer-links a { color: #ffffff; text-decoration: none; font-size: 0.875rem; }\n        .footer-links a:hover { text-decoration: underline; }\n        .footer-copyright { font-size: 0.75rem; color: #a0aec0; text-align: center; }\n\n        \/* Responsive *\/\n        @media (max-width: 600px) {\n            .hero { padding: 2rem 1rem 1.5rem; }\n            .hero-title { font-size: 1.75rem; }\n            .hero-subtitle { font-size: 1rem; }\n            .content { padding: 1.5rem 1rem 2rem; }\n            .breadcrumb { padding: 0.75rem 1rem; }\n            .data-cards { grid-template-columns: 1fr; }\n            table { font-size: 0.75rem; }\n            th, td { padding: 0.5rem 0.75rem; }\n        }\n    \n<\/style>\n<nav class=\"breadcrumb\">\n        <a href=\"https:\/\/s.gbase.ai\/\" target=\"_blank\" rel=\"noopener\">GBase GTM<\/a>\n        <span>&gt;<\/span>\n        <a href=\"https:\/\/s.gbase.ai\/insight\" target=\"_blank\" rel=\"noopener\">\u30a4\u30f3\u30b5\u30a4\u30c8<\/a>\n        <span>&gt;<\/span>\n        \u5186\u9ad8\u3067\u5132\u304b\u308b\u4f01\u696d\u30e9\u30f3\u30ad\u30f3\u30b0 2026\n    <\/nav>\n\n    <div class=\"container\">\n        <header class=\"hero\">\n            <span class=\"hero-label\">\u696d\u754c\u5206\u6790\u30ec\u30dd\u30fc\u30c8<\/span>\n            <h1 class=\"hero-title\">\u5186\u9ad8\u3067\u5132\u304b\u308b\u4f01\u696d\u30e9\u30f3\u30ad\u30f3\u30b0 2026<\/h1>\n            <p class=\"hero-subtitle\">\u91ce\u6751\u8a3c\u5238\u30c7\u30fc\u30bf\u57fa\u6e96\uff5c56\u9298\u67c4\u5fb9\u5e95\u5206\u6790<\/p>\n            <div class=\"hero-meta\">\u4f5c\u6210\u65e5\uff1a2026\u5e745\u670822\u65e5\uff5c\u4f5c\u6210\u8005\uff1aGBase \u30de\u30fc\u30b1\u30c6\u30a3\u30f3\u30b0\u90e8<\/div>\n        <\/header>\n\n        <main class=\"content\">\n            <!-- Executive Summary -->\n            <section class=\"section\">\n                <h2 class=\"section-title\">\u30a8\u30b0\u30bc\u30af\u30c6\u30a3\u30d6\u30b5\u30de\u30ea\u30fc<\/h2>\n\n                <div class=\"data-cards\">\n                    <div class=\"data-card\">\n                        <div class=\"data-card-label\">\u5206\u6790\u5bfe\u8c61\u9298\u67c4\u6570<\/div>\n                        <div class=\"data-card-value\">56\u9298\u67c4<\/div>\n                        <div class=\"data-card-sub\">\u91ce\u6751\u8a3c\u5238\u30c7\u30fc\u30bf\u57fa\u6e96<\/div>\n                    <\/div>\n                    <div class=\"data-card\">\n                        <div class=\"data-card-label\">\u6700\u9ad8\u611f\u5fdc\u5ea6<\/div>\n                        <div class=\"data-card-value\">\u03b2 = -1.31<\/div>\n                        <div class=\"data-card-sub\">\u30cb\u30c8\u30ea\u30db\u30fc\u30eb\u30c7\u30a3\u30f3\u30b0\u30b9<\/div>\n                    <\/div>\n                    <div class=\"data-card\">\n                        <div class=\"data-card-label\">\u65e5\u7d4c\u5e73\u5747\u682a\u4fa1<\/div>\n                        <div class=\"data-card-value\">63,339\u5186<\/div>\n                        <div class=\"data-card-sub\">2026\u5e745\u670822\u65e5\u6642\u70b9<\/div>\n                    <\/div>\n                <\/div>\n\n                <p>\n                    \u672c\u30ec\u30dd\u30fc\u30c8\u306f\u3001\u5186\u9ad8\u5c40\u9762\u3067\u682a\u4fa1\u304c\u4e0a\u6607\u3059\u308b\u50be\u5411\u306b\u3042\u308b\u4f01\u696d\u3092\u3001\u91ce\u6751\u8a3c\u5238\u306e\u5bfe\u7c73\u30c9\u30eb\u5186\u30d9\u30fc\u30bf\u5024\u30c7\u30fc\u30bf\u3092\u57fa\u306b\u5206\u6790\u3057\u305f\u3082\u306e\u3067\u3059\u300256\u9298\u67c4\u30925\u3064\u306e\u30ab\u30c6\u30b4\u30ea\u306b\u5206\u985e\u3057\u3001\u5404\u9298\u67c4\u306e\u8a73\u7d30\u30c7\u30fc\u30bf\u3001\u6295\u8cc7\u30b7\u30ca\u30ea\u30aa\u5225\u306e\u63a8\u5968\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u3001\u305d\u3057\u3066\u5b9f\u8df5\u7684\u306a\u30b9\u30af\u30ea\u30fc\u30cb\u30f3\u30b0\u6761\u4ef6\u3092\u63d0\u793a\u3057\u307e\u3059\u3002\n                <\/p>\n            <\/section>\n\n            <!-- TOP25 Ranking -->\n            <section class=\"section\">\n                <h2 class=\"section-title\">\u91ce\u6751\u8a3c\u5238 \u5bfe\u30c9\u30eb\u5186\u30d9\u30fc\u30bf\u5024\u30e9\u30f3\u30ad\u30f3\u30b0 TOP25<\/h2>\n\n                <p style=\"font-size: 0.875rem; color: #718096; margin-bottom: 1rem;\">\n                    <strong>\u5bfe\u7c73\u30c9\u30eb\u5186\u30d9\u30fc\u30bf\u5024<\/strong>\uff1d\u5186\/\u30c9\u30eb\u70ba\u66ff\u5909\u52d5\u306b\u5bfe\u3057\u3066\u3001\u5e02\u5834\u5e73\u5747\u3092\u8d85\u3048\u3066\u52d5\u304f\u500b\u5225\u9298\u67c4\u306e\u611f\u5fdc\u5ea6\u3002<br>\n                    \u03b2\u5024\u304c\u30de\u30a4\u30ca\u30b9\u3067\u7d76\u5bfe\u5024\u304c\u5927\u304d\u3044\u307b\u3069\u3001\u5186\u9ad8\u6642\u306b\u682a\u4fa1\u304c\u4e0a\u6607\u3057\u3084\u3059\u3044\u3002\uff08\u7b97\u51fa\u671f\u9593\uff1a\u76f4\u8fd160\u30f6\u6708\uff09\n                <\/p>\n\n                <div class=\"table-wrapper\">\n                    <table>\n                        <thead>\n                            <tr>\n                                <th>\u9806\u4f4d<\/th>\n                                <th>\u30b3\u30fc\u30c9<\/th>\n                                <th>\u9298\u67c4\u540d<\/th>\n                                <th>\u03b2\u5024<\/th>\n                                <th>\u30ab\u30c6\u30b4\u30ea<\/th>\n                                <th>\u696d\u7a2e<\/th>\n                            <\/tr>\n                        <\/thead>\n                        <tbody>\n                            <tr>\n                                <td class=\"rank-gold\">1<\/td>\n                                <td>3923<\/td>\n                                <td><strong>\u30cb\u30c8\u30ea\u30db\u30fc\u30eb\u30c7\u30a3\u30f3\u30b0\u30b9<\/strong><\/td>\n                                <td>-1.31<\/td>\n                                <td>\u5186\u9ad8\u30e1\u30ea\u30c3\u30c8<span class=\"category-badge cat-1\">\u2460<\/span><\/td>\n                                <td>\u5bb6\u5177\u30fb\u30a4\u30f3\u30c6\u30ea\u30a2\u5c0f\u58f2<\/td>\n                            <\/tr>\n                            <tr>\n                                <td class=\"rank-silver\">2<\/td>\n                                <td>9843<\/td>\n                                <td>\u30e9\u30af\u30b9<\/td>\n                                <td>-1.24<\/td>\n                                <td>\u9ad8ROE<span class=\"category-badge cat-4\">\u2463<\/span><\/td>\n                                <td>IT\u30b5\u30fc\u30d3\u30b9<\/td>\n                            <\/tr>\n                            <tr>\n                                <td class=\"rank-bronze\">3<\/td>\n                                <td>3769<\/td>\n                                <td>GMO\u30da\u30a4\u30e1\u30f3\u30c8\u30b2\u30fc\u30c8\u30a6\u30a7\u30a4<\/td>\n                                <td>-1.15<\/td>\n                                <td>\u9ad8ROE<span class=\"category-badge cat-4\">\u2463<\/span><\/td>\n                                <td>\u6c7a\u6e08\u30b5\u30fc\u30d3\u30b9<\/td>\n                            <\/tr>\n                            <tr><td>4<\/td><td>3092<\/td><td>ZOZO<\/td><td>-0.97<\/td><td>\u9ad8ROE<span class=\"category-badge cat-4\">\u2463<\/span><\/td><td>EC\u30fb\u30d5\u30a1\u30c3\u30b7\u30e7\u30f3<\/td><\/tr>\n                            <tr><td>5<\/td><td>3038<\/td><td><strong>\u795e\u6238\u7269\u7523<\/strong><\/td><td>-0.94<\/td><td>\u5186\u9ad8\u30e1\u30ea\u30c3\u30c8<span class=\"category-badge cat-1\">\u2460<\/span><\/td><td>\u98df\u54c1\u30b9\u30fc\u30d1\u30fc<\/td><\/tr>\n                            <tr><td>6<\/td><td>8035<\/td><td><strong>\u6771\u4eac\u30a8\u30ec\u30af\u30c8\u30ed\u30f3<\/strong><\/td><td>-0.87<\/td><td>\u9ad8\u6210\u9577\u671f\u5f85<span class=\"category-badge cat-3\">\u2462<\/span><\/td><td>\u534a\u5c0e\u4f53\u88fd\u9020\u88c5\u7f6e<\/td><\/tr>\n                            <tr><td>7<\/td><td>5713<\/td><td>\u4f4f\u53cb\u91d1\u5c5e\u9271\u5c71<\/td><td>-0.84<\/td><td>\uff0d<\/td><td>\u975e\u9244\u91d1\u5c5e<\/td><\/tr>\n                            <tr><td>8<\/td><td>9107<\/td><td>\u5ddd\u5d0e\u6c7d\u8239<\/td><td>-0.81<\/td><td>\u9ad8ROE<span class=\"category-badge cat-4\">\u2463<\/span><\/td><td>\u6d77\u904b<\/td><\/tr>\n                            <tr><td>9<\/td><td>6707<\/td><td>\u30b5\u30f3\u30b1\u30f3\u96fb\u6c17<\/td><td>-0.81<\/td><td>\uff0d<\/td><td>\u96fb\u5b50\u90e8\u54c1<\/td><\/tr>\n                            <tr><td>10<\/td><td>6758<\/td><td><strong>\u30bd\u30cb\u30fc\u30b0\u30eb\u30fc\u30d7<\/strong><\/td><td>-0.80<\/td><td>\u9ad8ROE<span class=\"category-badge cat-4\">\u2463<\/span><\/td><td>\u96fb\u6a5f\u30fb\u30a8\u30f3\u30bf\u30e1<\/td><\/tr>\n                            <tr><td>11<\/td><td>2175<\/td><td>\u30a8\u30b9\u30fb\u30a8\u30e0\u30fb\u30a8\u30b9<\/td><td>-0.75<\/td><td>\u9ad8ROE<span class=\"category-badge cat-4\">\u2463<\/span><\/td><td>\u533b\u7642\u30fb\u4ecb\u8b77\u4eba\u6750<\/td><\/tr>\n                            <tr><td>12<\/td><td>4689<\/td><td>LINE\u30e4\u30d5\u30fc<\/td><td>-0.72<\/td><td>\u5186\u9ad8\u7121\u95a2\u4fc2<span class=\"category-badge cat-5\">\u2461<\/span><\/td><td>\u30a4\u30f3\u30bf\u30fc\u30cd\u30c3\u30c8<\/td><\/tr>\n                            <tr><td>13<\/td><td>6005<\/td><td>\u4e09\u6d66\u5de5\u696d<\/td><td>-0.72<\/td><td>\uff0d<\/td><td>\u7523\u696d\u6a5f\u5668<\/td><\/tr>\n                            <tr><td>14<\/td><td>4063<\/td><td><strong>\u4fe1\u8d8a\u5316\u5b66\u5de5\u696d<\/strong><\/td><td>-0.70<\/td><td>\u9ad8\u6210\u9577\u671f\u5f85<span class=\"category-badge cat-3\">\u2462<\/span><\/td><td>\u534a\u5c0e\u4f53\u30b7\u30ea\u30b3\u30f3<\/td><\/tr>\n                            <tr><td>15<\/td><td>6407<\/td><td>CKD<\/td><td>-0.68<\/td><td>\uff0d<\/td><td>\u7a7a\u5727\u6a5f\u5668<\/td><\/tr>\n                            <tr><td>16<\/td><td>7734<\/td><td>\u7406\u7814\u8a08\u5668<\/td><td>-0.67<\/td><td>\u9ad8\u6210\u9577\u671f\u5f85<span class=\"category-badge cat-3\">\u2462<\/span><\/td><td>\u8a08\u6e2c\u6a5f\u5668<\/td><\/tr>\n                            <tr><td>17<\/td><td>7735<\/td><td>SCREEN HD<\/td><td>-0.65<\/td><td>\u9ad8\u6210\u9577\u671f\u5f85<span class=\"category-badge cat-3\">\u2462<\/span><\/td><td>\u534a\u5c0e\u4f53\u6d17\u6d44\u88c5\u7f6e<\/td><\/tr>\n                            <tr><td>18<\/td><td>4967<\/td><td><strong>\u5c0f\u6797\u88fd\u85ac<\/strong><\/td><td>-0.65<\/td><td>\u5186\u9ad8\u7121\u95a2\u4fc2<span class=\"category-badge cat-5\">\u2461<\/span><\/td><td>\u533b\u85ac\u54c1\u30fb\u65e5\u7528\u54c1<\/td><\/tr>\n                            <tr><td>19<\/td><td>3436<\/td><td>SUMCO<\/td><td>-0.60<\/td><td>\u9ad8\u6210\u9577\u671f\u5f85<span class=\"category-badge cat-3\">\u2462<\/span><\/td><td>\u30b7\u30ea\u30b3\u30f3\u30a6\u30a7\u30fc\u30cf<\/td><\/tr>\n                            <tr><td>20<\/td><td>6976<\/td><td>\u592a\u967d\u8a98\u96fb<\/td><td>-0.60<\/td><td>\u9ad8\u6210\u9577\u671f\u5f85<span class=\"category-badge cat-3\">\u2462<\/span><\/td><td>\u96fb\u5b50\u90e8\u54c1<\/td><\/tr>\n                            <tr><td>21<\/td><td>8919<\/td><td>\u30ab\u30c1\u30bf\u30b9<\/td><td>-0.56<\/td><td>\u9ad8ROE<span class=\"category-badge cat-4\">\u2463<\/span><\/td><td>\u4e2d\u53e4\u4f4f\u5b85\u518d\u751f<\/td><\/tr>\n                            <tr><td>22<\/td><td>3902<\/td><td>\u30e1\u30c7\u30a3\u30ab\u30eb\u30fb\u30c7\u30fc\u30bf\u30fb\u30d3\u30b8\u30e7\u30f3<\/td><td>-0.56<\/td><td>\u9ad8ROE<span class=\"category-badge cat-4\">\u2463<\/span><\/td><td>\u533b\u7642\u30c7\u30fc\u30bf<\/td><\/tr>\n                            <tr><td>23<\/td><td>6080<\/td><td>M&#038;A\u30ad\u30e3\u30d4\u30bf\u30eb\u30d1\u30fc\u30c8\u30ca\u30fc\u30ba<\/td><td>-0.54<\/td><td>\u9ad8ROE<span class=\"category-badge cat-4\">\u2463<\/span><\/td><td>M&#038;A\u30a2\u30c9\u30d0\u30a4\u30b6\u30ea\u30fc<\/td><\/tr>\n                            <tr><td>24<\/td><td>7453<\/td><td><strong>\u826f\u54c1\u8a08\u753b<\/strong><\/td><td>-0.52<\/td><td>\u5186\u9ad8\u30e1\u30ea\u30c3\u30c8<span class=\"category-badge cat-1\">\u2460<\/span><\/td><td>\u751f\u6d3b\u96d1\u8ca8\u5c0f\u58f2<\/td><\/tr>\n                            <tr><td>25<\/td><td>4970<\/td><td>\u6771\u6d0b\u5408\u6210\u5de5\u696d<\/td><td>-0.49<\/td><td>\u9ad8\u6210\u9577\u671f\u5f85<span class=\"category-badge cat-3\">\u2462<\/span><\/td><td>\u5149\u5b66\u6750\u6599\u30fb\u5316\u5b66<\/td><\/tr>\n                        <\/tbody>\n                    <\/table>\n                <\/div>\n\n                <p style=\"font-size: 0.75rem; color: #718096; text-align: center;\">\n                    \u51fa\u6240\uff1a\u91ce\u6751\u8a3c\u5238\u30a8\u30af\u30a4\u30c6\u30a3\u30fb\u30ea\u30b5\u30fc\u30c1\u90e8\u3001\u6771\u4eac\u8a3c\u5238\u53d6\u5f15\u6240\u3001\u65e5\u672c\u9280\u884c\uff082023\u5e7412\u6708\u30c7\u30fc\u30bf\u57fa\u6e96\uff09\n                <\/p>\n            <\/section>\n\n            <!-- Category 1: Direct Merit -->\n            <section class=\"section\">\n                <h2 class=\"section-title\">\u30ab\u30c6\u30b4\u30ea\u2460 \u5186\u9ad8\u76f4\u63a5\u30e1\u30ea\u30c3\u30c8\u578b\uff08\u8f38\u5165\u30b3\u30b9\u30c8\u4f4e\u4e0b\uff09<\/h2>\n                <p>\u8f38\u5165\u5546\u54c1\u30fb\u539f\u6750\u6599\u306e\u4ed5\u5165\u308c\u30b3\u30b9\u30c8\u304c\u76f4\u63a5\u4e0b\u304c\u308b\u4f01\u696d\u7fa4<\/p>\n\n                <h3 class=\"subsection-title\">\u5c0f\u58f2\u30fb\u6d41\u901a<\/h3>\n                <div class=\"table-wrapper\">\n                    <table>\n                        <thead>\n                            <tr>\n                                <th>\u30b3\u30fc\u30c9<\/th>\n                                <th>\u9298\u67c4\u540d<\/th>\n                                <th>\u682a\u4fa1\uff082026\/5\/22\uff09<\/th>\n                                <th>\u524d\u65e5\u6bd4<\/th>\n                                <th>\u4e3b\u306a\u5186\u9ad8\u30e1\u30ea\u30c3\u30c8<\/th>\n                            <\/tr>\n                        <\/thead>\n                        <tbody>\n                            <tr><td>9843<\/td><td><strong>\u30cb\u30c8\u30eaHD<\/strong><\/td><td>2,568.0\u5186<\/td><td>+3.80%<\/td><td>\u5bb6\u5177\u30fb\u30a4\u30f3\u30c6\u30ea\u30a2\u306e\u7d0480%\u3092\u6d77\u5916\u8abf\u9054<\/td><\/tr>\n                            <tr><td>3038<\/td><td><strong>\u795e\u6238\u7269\u7523<\/strong><\/td><td>2,720.0\u5186<\/td><td>-1.38%<\/td><td>\u8f38\u5165\u98df\u54c1\u3092\u4f4e\u4fa1\u683c\u3067\u8ca9\u58f2<\/td><\/tr>\n                            <tr><td>7453<\/td><td><strong>\u826f\u54c1\u8a08\u753b<\/strong><\/td><td>\uff0d<\/td><td>\uff0d<\/td><td>\u751f\u6d3b\u96d1\u8ca8\u306e\u6d77\u5916\u751f\u7523\u6bd4\u7387\u304c\u9ad8\u3044<\/td><\/tr>\n                            <tr><td>2670<\/td><td>\u30a8\u30fc\u30d3\u30fc\u30b7\u30fc\u30fb\u30de\u30fc\u30c8<\/td><td>2,682.0\u5186<\/td><td>+1.40%<\/td><td>\u8f38\u5165\u30b9\u30dd\u30fc\u30c4\u30b7\u30e5\u30fc\u30ba\u30fb\u30b9\u30cb\u30fc\u30ab\u30fc<\/td><\/tr>\n                            <tr><td>3333<\/td><td>\u3042\u3055\u3072<\/td><td>1,269.0\u5186<\/td><td>+1.20%<\/td><td>\u81ea\u8ee2\u8eca\u90e8\u54c1\u306e\u6d77\u5916\u8abf\u9054<\/td><\/tr>\n                        <\/tbody>\n                    <\/table>\n                <\/div>\n\n                <h3 class=\"subsection-title\">\u767e\u5186\u30b7\u30e7\u30c3\u30d7\u30fb\u751f\u6d3b\u96d1\u8ca8<\/h3>\n                <div class=\"table-wrapper\">\n                    <table>\n                        <thead>\n                            <tr><th>\u30b3\u30fc\u30c9<\/th><th>\u9298\u67c4\u540d<\/th><th>\u682a\u4fa1<\/th><th>\u524d\u65e5\u6bd4<\/th><th>\u4e3b\u306a\u5186\u9ad8\u30e1\u30ea\u30c3\u30c8<\/th><\/tr>\n                        <\/thead>\n                        <tbody>\n                            <tr><td>2782<\/td><td><strong>\u30bb\u30ea\u30a2<\/strong><\/td><td>3,685.0\u5186<\/td><td>+1.80%<\/td><td>\u4e2d\u56fd\u30fb\u30a2\u30b8\u30a2\u304b\u3089\u306e\u5546\u54c1\u8f38\u5165\u30b3\u30b9\u30c8\u6e1b<\/td><\/tr>\n                            <tr><td>2698<\/td><td><strong>\u30ad\u30e3\u30f3\u30c9\u30a5<\/strong><\/td><td>3,280.0\u5186<\/td><td>0.00%<\/td><td>\u8f38\u5165\u5546\u54c1\u306e\u4ed5\u5165\u308c\u4fa1\u683c\u4f4e\u4e0b<\/td><\/tr>\n                        <\/tbody>\n                    <\/table>\n                <\/div>\n\n                <h3 class=\"subsection-title\">\u98df\u54c1\u30e1\u30fc\u30ab\u30fc\uff08\u8f38\u5165\u539f\u6599\u4f9d\u5b58\uff09<\/h3>\n                <div class=\"table-wrapper\">\n                    <table>\n                        <thead>\n                            <tr><th>\u30b3\u30fc\u30c9<\/th><th>\u9298\u67c4\u540d<\/th><th>\u682a\u4fa1<\/th><th>\u524d\u65e5\u6bd4<\/th><th>\u4e3b\u306a\u8f38\u5165\u539f\u6599<\/th><\/tr>\n                        <\/thead>\n                        <tbody>\n                            <tr><td>1301<\/td><td>\u6975\u6d0b<\/td><td>4,390\u5186<\/td><td>-1.13%<\/td><td>\u6c34\u7523\u7269\u30fb\u98fc\u6599<\/td><\/tr>\n                            <tr><td>1332<\/td><td>\u30cb\u30c3\u30b9\u30a4<\/td><td>1,298.5\u5186<\/td><td>-2.81%<\/td><td>\u6c34\u7523\u7269\u30fb\u9b5a\u7c89<\/td><\/tr>\n                            <tr><td>1333<\/td><td>Umios<\/td><td>1,261.0\u5186<\/td><td>-2.47%<\/td><td>\u6c34\u7523\u7269<\/td><\/tr>\n                            <tr><td>2001<\/td><td><strong>\u30cb\u30c3\u30d7\u30f3<\/strong><\/td><td>2,709.0\u5186<\/td><td>-1.74%<\/td><td>\u8f38\u5165\u5c0f\u9ea6<\/td><\/tr>\n                            <tr><td>2002<\/td><td><strong>\u65e5\u6e05\u88fd\u7c89\u30b0\u30eb\u30fc\u30d7\u672c\u793e<\/strong><\/td><td>1,985.5\u5186<\/td><td>-3.00%<\/td><td>\u8f38\u5165\u5c0f\u9ea6\uff08\u4e16\u754c\u6700\u5927\u7d1a\uff09<\/td><\/tr>\n                            <tr><td>2053<\/td><td>\u4e2d\u90e8\u98fc\u6599<\/td><td>1,742\u5186<\/td><td>-1.64%<\/td><td>\u30c8\u30a6\u30e2\u30ed\u30b3\u30b7\u30fb\u5927\u8c46<\/td><\/tr>\n                            <tr><td>2060<\/td><td>\u30d5\u30a3\u30fc\u30c9\u30ef\u30f3<\/td><td>1,188\u5186<\/td><td>-2.14%<\/td><td>\u7a40\u7269\u98fc\u6599<\/td><\/tr>\n                            <tr><td>2108<\/td><td>\u751c\u83dc\u7cd6<\/td><td>4,280\u5186<\/td><td>+1.78%<\/td><td>\u7802\u7cd6\u539f\u6599<\/td><\/tr>\n                            <tr><td>2109<\/td><td>DM\u4e09\u4e95\u88fd\u7cd6<\/td><td>3,285\u5186<\/td><td>-1.94%<\/td><td>\u7c97\u7cd6\u8f38\u5165<\/td><\/tr>\n                        <\/tbody>\n                    <\/table>\n                <\/div>\n\n                <h3 class=\"subsection-title\">\u98f2\u6599\u30fb\u9152\u985e<\/h3>\n                <div class=\"table-wrapper\">\n                    <table>\n                        <thead>\n                            <tr><th>\u30b3\u30fc\u30c9<\/th><th>\u9298\u67c4\u540d<\/th><th>\u682a\u4fa1<\/th><th>\u524d\u65e5\u6bd4<\/th><th>\u4e3b\u306a\u5186\u9ad8\u30e1\u30ea\u30c3\u30c8<\/th><\/tr>\n                        <\/thead>\n                        <tbody>\n                            <tr><td>2501<\/td><td>\u30b5\u30c3\u30dd\u30edHD<\/td><td>1,689.5\u5186<\/td><td>+1.20%<\/td><td>\u539f\u6599\u30db\u30c3\u30d7\u30fb\u9ea6\u82bd\u8f38\u5165<\/td><\/tr>\n                            <tr><td>2502<\/td><td>\u30a2\u30b5\u30d2\u30b0\u30eb\u30fc\u30d7HD<\/td><td>1,563.5\u5186<\/td><td>-1.11%<\/td><td>\u539f\u6750\u6599\u8f38\u5165\u30b3\u30b9\u30c8\u6539\u5584<\/td><\/tr>\n                            <tr><td>2503<\/td><td>\u30ad\u30ea\u30f3HD<\/td><td>2,720.5\u5186<\/td><td>-1.82%<\/td><td>\u539f\u6750\u6599\u8f38\u5165\u30b3\u30b9\u30c8\u6539\u5584<\/td><\/tr>\n                        <\/tbody>\n                    <\/table>\n                <\/div>\n            <\/section>\n\n            <!-- Category 2: Energy -->\n            <section class=\"section\">\n                <h2 class=\"section-title\">\u30ab\u30c6\u30b4\u30ea\u2461 \u96fb\u529b\u30fb\u30ac\u30b9\u30fb\u30a8\u30cd\u30eb\u30ae\u30fc\u578b\uff08\u71c3\u6599\u8f38\u5165\u30b3\u30b9\u30c8\u4f4e\u4e0b\uff09<\/h2>\n                <p>\u539f\u6cb9\u30fbLNG\uff08\u6db2\u5316\u5929\u7136\u30ac\u30b9\uff09\u306e\u8f38\u5165\u30b3\u30b9\u30c8\u304c\u5186\u9ad8\u3067\u4f4e\u4e0b<\/p>\n\n                <h3 class=\"subsection-title\">\u96fb\u529b\u5404\u793e<\/h3>\n                <div class=\"table-wrapper\">\n                    <table>\n                        <thead>\n                            <tr><th>\u30b3\u30fc\u30c9<\/th><th>\u9298\u67c4\u540d<\/th><th>\u682a\u4fa1<\/th><th>\u524d\u65e5\u6bd4<\/th><th>\u5099\u8003<\/th><\/tr>\n                        <\/thead>\n                        <tbody>\n                            <tr><td>9501<\/td><td><strong>\u6771\u4eac\u96fb\u529bHD<\/strong><\/td><td>549.0\u5186<\/td><td>-1.51%<\/td><td>\u71c3\u6599\u8cbb\u8abf\u6574\u5236\u5ea6\u3042\u308a<\/td><\/tr>\n                            <tr><td>9502<\/td><td><strong>\u4e2d\u90e8\u96fb\u529b<\/strong><\/td><td>2,717.5\u5186<\/td><td>0.00%<\/td><td>\u706b\u529b\u767a\u96fb\u6bd4\u7387\u9ad8<\/td><\/tr>\n                            <tr><td>9503<\/td><td><strong>\u95a2\u897f\u96fb\u529b<\/strong><\/td><td>2,255.0\u5186<\/td><td>-2.15%<\/td><td>\u539f\u767a\u518d\u7a3c\u50cd\u3067\u71c3\u6599\u4f9d\u5b58\u5ea6\u4f4e\u4e0b<\/td><\/tr>\n                            <tr><td>9504<\/td><td>\u4e2d\u56fd\u96fb\u529b<\/td><td>881.3\u5186<\/td><td>-0.93%<\/td><td>\uff0d<\/td><\/tr>\n                            <tr><td>9505<\/td><td>\u5317\u9678\u96fb\u529b<\/td><td>860.6\u5186<\/td><td>-1.31%<\/td><td>\uff0d<\/td><\/tr>\n                            <tr><td>9506<\/td><td>\u6771\u5317\u96fb\u529b<\/td><td>1,011.0\u5186<\/td><td>-1.32%<\/td><td>\uff0d<\/td><\/tr>\n                            <tr><td>9507<\/td><td>\u56db\u56fd\u96fb\u529b<\/td><td>1,483.0\u5186<\/td><td>-2.05%<\/td><td>\uff0d<\/td><\/tr>\n                            <tr><td>9508<\/td><td>\u4e5d\u5dde\u96fb\u529b<\/td><td>1,671.0\u5186<\/td><td>-1.18%<\/td><td>\u539f\u767a\u6bd4\u7387\u9ad8<\/td><\/tr>\n                            <tr><td>9509<\/td><td>\u5317\u6d77\u9053\u96fb\u529b<\/td><td>929.1\u5186<\/td><td>-2.00%<\/td><td>\u71c3\u6599\u8f38\u5165\u4f9d\u5b58<\/td><\/tr>\n                            <tr><td>9511<\/td><td>\u6c96\u7e04\u96fb\u529b<\/td><td>924.0\u5186<\/td><td>-0.43%<\/td><td>\uff0d<\/td><\/tr>\n                        <\/tbody>\n                    <\/table>\n                <\/div>\n\n                <h3 class=\"subsection-title\">\u30ac\u30b9\u4f1a\u793e<\/h3>\n                <div class=\"table-wrapper\">\n                    <table>\n                        <thead>\n                            <tr><th>\u30b3\u30fc\u30c9<\/th><th>\u9298\u67c4\u540d<\/th><th>\u682a\u4fa1<\/th><th>\u524d\u65e5\u6bd4<\/th><th>\u5099\u8003<\/th><\/tr>\n                        <\/thead>\n                        <tbody>\n                            <tr><td>9531<\/td><td><strong>\u6771\u4eac\u30ac\u30b9<\/strong><\/td><td>6,522.0\u5186<\/td><td>-2.01%<\/td><td>LNG\u8f38\u5165\u5927\u624b<\/td><\/tr>\n                            <tr><td>9532<\/td><td><strong>\u5927\u962a\u30ac\u30b9<\/strong><\/td><td>5,650.0\u5186<\/td><td>-0.32%<\/td><td>LNG\u8f38\u5165\u30fb\u56fd\u5185\u8ca9\u58f2<\/td><\/tr>\n                        <\/tbody>\n                    <\/table>\n                <\/div>\n            <\/section>\n\n            <!-- Category 3: Technology -->\n            <section class=\"section\">\n                <h2 class=\"section-title\">\u30ab\u30c6\u30b4\u30ea\u2462 \u9ad8\u6210\u9577\u30c6\u30af\u30ce\u30ed\u30b8\u30fc\u578b\uff08\u534a\u5c0e\u4f53\u30fb\u96fb\u5b50\u30c7\u30d0\u30a4\u30b9\uff09<\/h2>\n                <p>\u5186\u9ad8\u6642\u3067\u3082\u9ad8\u6210\u9577\u671f\u5f85\u304b\u3089\u682a\u4fa1\u304c\u4e0a\u6607\u3057\u3084\u3059\u3044\u9298\u67c4<\/p>\n\n                <div class=\"table-wrapper\">\n                    <table>\n                        <thead>\n                            <tr><th>\u30b3\u30fc\u30c9<\/th><th>\u9298\u67c4\u540d<\/th><th>\u03b2\u5024<\/th><th>\u30bb\u30b0\u30e1\u30f3\u30c8<\/th><th>\u7279\u5fb4<\/th><\/tr>\n                        <\/thead>\n                        <tbody>\n                            <tr><td>8035<\/td><td><strong>\u6771\u4eac\u30a8\u30ec\u30af\u30c8\u30ed\u30f3<\/strong><\/td><td>-0.87<\/td><td>\u534a\u5c0e\u4f53\u88fd\u9020\u88c5\u7f6e<\/td><td>\u4e16\u754c\u30b7\u30a7\u30a2\u4e0a\u4f4d<\/td><\/tr>\n                            <tr><td>4063<\/td><td><strong>\u4fe1\u8d8a\u5316\u5b66\u5de5\u696d<\/strong><\/td><td>-0.70<\/td><td>\u30b7\u30ea\u30b3\u30f3\u30a6\u30a7\u30fc\u30cf<\/td><td>\u4e16\u754c\u6700\u5927\u30b7\u30ea\u30b3\u30f3\u30a6\u30a7\u30fc\u30cf\u30e1\u30fc\u30ab\u30fc<\/td><\/tr>\n                            <tr><td>7735<\/td><td>SCREEN HD<\/td><td>-0.65<\/td><td>\u534a\u5c0e\u4f53\u6d17\u6d44\u88c5\u7f6e<\/td><td>\u679a\u8449\u5f0f\u6d17\u6d44\u88c5\u7f6e\u3067\u9ad8\u30b7\u30a7\u30a2<\/td><\/tr>\n                            <tr><td>7734<\/td><td>\u7406\u7814\u8a08\u5668<\/td><td>-0.67<\/td><td>\u30ac\u30b9\u691c\u77e5\u5668<\/td><td>\u9ad8\u6210\u9577\u30cb\u30c3\u30c1\u4f01\u696d<\/td><\/tr>\n                            <tr><td>3436<\/td><td>SUMCO<\/td><td>-0.60<\/td><td>\u30b7\u30ea\u30b3\u30f3\u30a6\u30a7\u30fc\u30cf<\/td><td>\u4fe1\u8d8a\u5316\u5b66\u3068\u53cc\u74a7\u306e\u4e16\u754c2\u4f4d<\/td><\/tr>\n                            <tr><td>6976<\/td><td>\u592a\u967d\u8a98\u96fb<\/td><td>-0.60<\/td><td>MLCC\u306a\u3069\u96fb\u5b50\u90e8\u54c1<\/td><td>\u6751\u7530\u88fd\u4f5c\u6240\u3068\u7af6\u5408<\/td><\/tr>\n                            <tr><td>4970<\/td><td>\u6771\u6d0b\u5408\u6210\u5de5\u696d<\/td><td>-0.49<\/td><td>\u30d5\u30a9\u30c8\u30ec\u30b8\u30b9\u30c8\u6750\u6599<\/td><td>EUV\u95a2\u9023\u30fb\u9ad8\u4ed8\u52a0\u4fa1\u5024\u5316\u5b66\u54c1<\/td><\/tr>\n                        <\/tbody>\n                    <\/table>\n                <\/div>\n            <\/section>\n\n            <!-- Category 4: High ROE -->\n            <section class=\"section\">\n                <h2 class=\"section-title\">\u30ab\u30c6\u30b4\u30ea\u2463 \u9ad8ROE\u5185\u9700\u578b<\/h2>\n                <p>\u70ba\u66ff\u30ea\u30b9\u30af\u304c\u4f4e\u304f\u3001ROE\u304c\u9ad8\u3044\u512a\u826f\u9298\u67c4\u3002\u5186\u9ad8\u5c40\u9762\u3067\u3082\u8cc7\u91d1\u304c\u96c6\u307e\u308a\u3084\u3059\u3044<\/p>\n\n                <div class=\"table-wrapper\">\n                    <table>\n                        <thead>\n                            <tr><th>\u30b3\u30fc\u30c9<\/th><th>\u9298\u67c4\u540d<\/th><th>\u03b2\u5024<\/th><th>\u696d\u7a2e<\/th><th>\u7279\u5fb4<\/th><\/tr>\n                        <\/thead>\n                        <tbody>\n                            <tr><td>9843<\/td><td>\u30e9\u30af\u30b9<\/td><td>-1.24<\/td><td>SaaS\u30fb\u30af\u30e9\u30a6\u30c9<\/td><td>\u9ad8\u53ce\u76caIT\u30b5\u30fc\u30d3\u30b9\u4f01\u696d<\/td><\/tr>\n                            <tr><td>3769<\/td><td>GMO\u30da\u30a4\u30e1\u30f3\u30c8<\/td><td>-1.15<\/td><td>\u30d5\u30a3\u30f3\u30c6\u30c3\u30af<\/td><td>\u30ad\u30e3\u30c3\u30b7\u30e5\u30ec\u30b9\u6c7a\u6e08\u30a4\u30f3\u30d5\u30e9<\/td><\/tr>\n                            <tr><td>3092<\/td><td>ZOZO<\/td><td>-0.97<\/td><td>EC\uff08\u30d5\u30a1\u30c3\u30b7\u30e7\u30f3\uff09<\/td><td>\u5185\u9700\u578bEC\u3001\u9ad8\u30de\u30fc\u30b8\u30f3<\/td><\/tr>\n                            <tr><td>9107<\/td><td>\u5ddd\u5d0e\u6c7d\u8239<\/td><td>-0.81<\/td><td>\u6d77\u904b<\/td><td>\u9ad8ROE\u30fb\u682a\u4e3b\u9084\u5143\u5f37\u5316<\/td><\/tr>\n                            <tr><td>6758<\/td><td>\u30bd\u30cb\u30fc\u30b0\u30eb\u30fc\u30d7<\/td><td>-0.80<\/td><td>\u96fb\u6a5f\u30fb\u30a8\u30f3\u30bf\u30e1<\/td><td>\u9ad8\u591a\u69d8\u5316\u53ce\u76ca<\/td><\/tr>\n                            <tr><td>2175<\/td><td>\u30a8\u30b9\u30fb\u30a8\u30e0\u30fb\u30a8\u30b9<\/td><td>-0.75<\/td><td>\u533b\u7642\u30fb\u4ecb\u8b77\u4eba\u6750<\/td><td>\u5185\u9700\u30c7\u30a3\u30d5\u30a7\u30f3\u30b7\u30d6\u30fb\u9ad8ROE<\/td><\/tr>\n                            <tr><td>8919<\/td><td>\u30ab\u30c1\u30bf\u30b9<\/td><td>-0.56<\/td><td>\u4e2d\u53e4\u4f4f\u5b85\u6d41\u901a<\/td><td>\u56fd\u5185\u4e0d\u52d5\u7523\u3001\u5185\u9700\u5b8c\u7d50\u578b<\/td><\/tr>\n                            <tr><td>3902<\/td><td>\u30e1\u30c7\u30a3\u30ab\u30eb\u30fb\u30c7\u30fc\u30bf<\/td><td>-0.56<\/td><td>\u533b\u7642\u30c7\u30fc\u30bf<\/td><td>\u30c7\u30fc\u30bf\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0<\/td><\/tr>\n                            <tr><td>6080<\/td><td>M&#038;A\u30ad\u30e3\u30d4\u30bf\u30eb<\/td><td>-0.54<\/td><td>M&#038;A\u30a2\u30c9\u30d0\u30a4\u30b6\u30ea\u30fc<\/td><td>\u9ad8\u5229\u76ca\u7387\u30fb\u5185\u9700\u578b<\/td><\/tr>\n                        <\/tbody>\n                    <\/table>\n                <\/div>\n            <\/section>\n\n            <!-- Category 5: Defensive -->\n            <section class=\"section\">\n                <h2 class=\"section-title\">\u30ab\u30c6\u30b4\u30ea\u2464 \u70ba\u66ff\u5f71\u97ff\u8efd\u5fae\u578b\uff08\u30c7\u30a3\u30d5\u30a7\u30f3\u30b7\u30d6\uff09<\/h2>\n                <p>\u5186\u9ad8\u306e\u76f4\u63a5\u6069\u6075\u306f\u5c11\u306a\u3044\u304c\u3001\u5186\u9ad8\u5c40\u9762\u3067\u3082\u682a\u4fa1\u304c\u76f8\u5bfe\u7684\u306b\u5b89\u5b9a\u30fb\u4e0a\u6607<\/p>\n\n                <div class=\"table-wrapper\">\n                    <table>\n                        <thead>\n                            <tr><th>\u30b3\u30fc\u30c9<\/th><th>\u9298\u67c4\u540d<\/th><th>\u03b2\u5024<\/th><th>\u696d\u7a2e<\/th><th>\u7279\u5fb4<\/th><\/tr>\n                        <\/thead>\n                        <tbody>\n                            <tr><td>4689<\/td><td>LINE\u30e4\u30d5\u30fc<\/td><td>-0.72<\/td><td>\u30a4\u30f3\u30bf\u30fc\u30cd\u30c3\u30c8<\/td><td>\u56fd\u5185\u30e6\u30fc\u30b6\u30fc\u4f9d\u5b58\u5ea6\u9ad8<\/td><\/tr>\n                            <tr><td>4967<\/td><td>\u5c0f\u6797\u88fd\u85ac<\/td><td>-0.65<\/td><td>\u533b\u85ac\u54c1\u30fb\u65e5\u7528\u54c1<\/td><td>\u30d6\u30e9\u30f3\u30c9\u529b\u5f37\u3044\u56fd\u5185\u6d88\u8cbb\u8ca1<\/td><\/tr>\n                        <\/tbody>\n                    <\/table>\n                <\/div>\n            <\/section>\n\n            <!-- Company Profiles -->\n            <section class=\"section\">\n                <h2 class=\"section-title\">\u6ce8\u76ee\u4f01\u696d \u8a73\u7d30\u30d7\u30ed\u30d5\u30a1\u30a4\u30eb<\/h2>\n\n                <div class=\"company-profile\">\n                    <div class=\"company-name\">\u30cb\u30c8\u30ea\u30db\u30fc\u30eb\u30c7\u30a3\u30f3\u30b0\u30b9\uff089843\uff09<\/div>\n                    <div class=\"company-beta\">\u03b2\u5024\uff1a-1.31\uff08\u30e9\u30f3\u30ad\u30f3\u30b01\u4f4d\uff09<\/div>\n                    <table class=\"company-table\">\n                        <tr><td>\u672c\u793e<\/td><td>\u5317\u6d77\u9053\u672d\u5e4c\u5e02<\/td><\/tr>\n                        <tr><td>\u696d\u7a2e<\/td><td>\u5bb6\u5177\u30fb\u30a4\u30f3\u30c6\u30ea\u30a2\u5c0f\u58f2<\/td><\/tr>\n                        <tr><td>\u8a2d\u7acb<\/td><td>1967\u5e74<\/td><\/tr>\n                        <tr><td>\u6d77\u5916\u8abf\u9054\u6bd4\u7387<\/td><td>\u7d0480%\uff08\u4e3b\u306b\u4e2d\u56fd\u30fb\u30a2\u30b8\u30a2\uff09<\/td><\/tr>\n                        <tr><td>\u5186\u9ad8\u30e1\u30ea\u30c3\u30c8<\/td><td>1\u5186\u306e\u5186\u9ad8\u3067\u5e74\u9593\u7d0410\u5104\u5186\u306e\u5229\u76ca\u6539\u5584\u52b9\u679c\uff08\u8a66\u7b97\uff09<\/td><\/tr>\n                        <tr><td>\u8fd1\u5e74\u306e\u6226\u7565<\/td><td>\u81ea\u793e\u88fd\u9020\u30fb\u7269\u6d41\u30fb\u5c0f\u58f2\u306e\u5782\u76f4\u7d71\u5408\uff08\u88fd\u9020\u5c0f\u58f2\u696d\uff09<\/td><\/tr>\n                        <tr><td>\u6ce8\u76ee\u70b9<\/td><td>\u300c\u304a\u3001\u306d\u3060\u3093\u4ee5\u4e0a\u3002\u300d\u306e\u30d6\u30e9\u30f3\u30c9\u3067\u4fa1\u683c\u7af6\u4e89\u529b\u304c\u9ad8\u304f\u3001\u5186\u9ad8\u6642\u306f\u66f4\u306b\u4fa1\u683c\u512a\u4f4d\u6027\u304c\u62e1\u5927<\/td><\/tr>\n                    <\/table>\n                <\/div>\n\n                <div class=\"company-profile\">\n                    <div class=\"company-name\">\u795e\u6238\u7269\u7523\uff083038\uff09<\/div>\n                    <div class=\"company-beta\">\u03b2\u5024\uff1a-0.94\uff08\u30e9\u30f3\u30ad\u30f3\u30b05\u4f4d\uff09<\/div>\n                    <table class=\"company-table\">\n                        <tr><td>\u30d6\u30e9\u30f3\u30c9<\/td><td>\u696d\u52d9\u30b9\u30fc\u30d1\u30fc<\/td><\/tr>\n                        <tr><td>\u696d\u7a2e<\/td><td>\u98df\u54c1\u30b9\u30fc\u30d1\u30fc\uff08FC\u5c55\u958b\uff09<\/td><\/tr>\n                        <tr><td>\u6d77\u5916\u8abf\u9054\u6bd4\u7387<\/td><td>\u98df\u54c1\u306e\u591a\u304f\u3092\u6d77\u5916\u304b\u3089\u76f4\u8f38\u5165<\/td><\/tr>\n                        <tr><td>\u5186\u9ad8\u30e1\u30ea\u30c3\u30c8<\/td><td>\u4ed5\u5165\u539f\u4fa1\u7387\u306e\u6539\u5584\u3001\u4fa1\u683c\u7af6\u4e89\u529b\u5411\u4e0a<\/td><\/tr>\n                        <tr><td>\u7279\u5fb4<\/td><td>\u81ea\u793e\u5de5\u5834\uff08\u30d9\u30eb\u30ae\u30fc\u306a\u3069\u6d77\u5916\u542b\u3080\uff09\u304b\u3089\u306e\u76f4\u8f38\u5165\u3067\u4e2d\u9593\u30b3\u30b9\u30c8\u6392\u9664<\/td><\/tr>\n                        <tr><td>\u8fd1\u5e74\u306e\u696d\u7e3e<\/td><td>\u7d99\u7d9a\u7684\u306a\u5897\u53ce\u5897\u76ca\u3001FC\u30c1\u30a7\u30fc\u30f3\u62e1\u5927\u4e2d<\/td><\/tr>\n                    <\/table>\n                <\/div>\n\n                <div class=\"company-profile\">\n                    <div class=\"company-name\">\u6771\u4eac\u30a8\u30ec\u30af\u30c8\u30ed\u30f3\uff088035\uff09<\/div>\n                    <div class=\"company-beta\">\u03b2\u5024\uff1a-0.87\uff08\u30e9\u30f3\u30ad\u30f3\u30b06\u4f4d\uff09<\/div>\n                    <table class=\"company-table\">\n                        <tr><td>\u696d\u7a2e<\/td><td>\u534a\u5c0e\u4f53\u88fd\u9020\u88c5\u7f6e<\/td><\/tr>\n                        <tr><td>\u4e16\u754c\u30b7\u30a7\u30a2<\/td><td>\u30b3\u30fc\u30bf\/\u30c7\u30d9\u30ed\u30c3\u30d1\u30fc\u3067\u4e16\u754c1\u4f4d\u3001CVD\u88c5\u7f6e\u3067\u3082\u4e0a\u4f4d<\/td><\/tr>\n                        <tr><td>\u5186\u9ad8\u6642\u306e\u7279\u6b8a\u6027<\/td><td>\u58f2\u4e0a\u306e\u5927\u534a\u304c\u30c9\u30eb\u5efa\u3066\u2192\u5186\u9ad8\u306f\u696d\u7e3e\u306b\u30de\u30a4\u30ca\u30b9\u3060\u304c\u3001\u6210\u9577\u671f\u5f85\u3067\u682a\u4fa1\u304c\u4e0a\u6607\u3059\u308b\u9006\u8aac\u7684\u306a\u9298\u67c4<\/td><\/tr>\n                        <tr><td>\u9867\u5ba2<\/td><td>TSMC\u3001Samsung\u3001Intel\u3001Micron\u306a\u3069\u4e16\u754c\u5927\u624b<\/td><\/tr>\n                        <tr><td>AI\u534a\u5c0e\u4f53\u7279\u9700<\/td><td>2024\u301c2026\u5e74\u3001AI\u5411\u3051\u534a\u5c0e\u4f53\u8a2d\u5099\u6295\u8cc7\u30d6\u30fc\u30e0\u3067\u53d7\u6ce8\u6025\u5897<\/td><\/tr>\n                    <\/table>\n                <\/div>\n\n                <div class=\"company-profile\">\n                    <div class=\"company-name\">\u4fe1\u8d8a\u5316\u5b66\u5de5\u696d\uff084063\uff09<\/div>\n                    <div class=\"company-beta\">\u03b2\u5024\uff1a-0.70\uff08\u30e9\u30f3\u30ad\u30f3\u30b014\u4f4d\uff09<\/div>\n                    <table class=\"company-table\">\n                        <tr><td>\u696d\u7a2e<\/td><td>\u5316\u5b66\u30fb\u534a\u5c0e\u4f53\u6750\u6599<\/td><\/tr>\n                        <tr><td>\u4e3b\u529b\u88fd\u54c1<\/td><td>\u30b7\u30ea\u30b3\u30f3\u30a6\u30a7\u30fc\u30cf\uff08\u4e16\u754c\u30b7\u30a7\u30a2\u7d0430%\uff09\u3001\u5869\u5316\u30d3\u30cb\u30eb\u6a39\u8102<\/td><\/tr>\n                        <tr><td>\u7279\u5fb4<\/td><td>\u6975\u3081\u3066\u9ad8\u3044\u5229\u76ca\u7387\u3068\u8ca1\u52d9\u5065\u5168\u6027\uff08\u300c\u4fe1\u8d8a\u30de\u30b8\u30c3\u30af\u300d\u3068\u547c\u3070\u308c\u308b\uff09<\/td><\/tr>\n                        <tr><td>\u5186\u9ad8\u3068\u306e\u95a2\u4fc2<\/td><td>\u30b7\u30ea\u30b3\u30f3\u30a6\u30a7\u30fc\u30cf\u306f\u30c9\u30eb\u5efa\u3066\u53d6\u5f15\u304c\u591a\u3044\u304c\u3001\u56fd\u5185\u88fd\u9020\u30b3\u30b9\u30c8\u304c\u76f8\u5bfe\u7684\u306b\u5b89\u304f\u306a\u308b<\/td><\/tr>\n                    <\/table>\n                <\/div>\n            <\/section>\n\n            <!-- Mechanism -->\n            <section class=\"section\">\n                <h2 class=\"section-title\">\u5186\u9ad8\u306e\u5f71\u97ff\u30e1\u30ab\u30cb\u30ba\u30e0\u89e3\u8aac<\/h2>\n\n                <h3 class=\"subsection-title\">\u70ba\u66ff\u611f\u5fdc\u5ea6\u306e\u57fa\u672c\u5f0f<\/h3>\n                <div class=\"scenario-card\">\n                    <div class=\"scenario-content\">\n                        <strong>\u5186\u9ad8\u306e\u5229\u76ca\u5f71\u97ff = \u8f38\u5165\u984d \u00d7 \u5186\u9ad8\u5e45\uff08\u5186\/\u30c9\u30eb\uff09<\/strong><br><br>\n                        \u4f8b\uff09\u30cb\u30c3\u30d7\u30f3\uff08\u65e5\u6e05\u88fd\u7c89\u30b0\u30eb\u30fc\u30d7\uff09<br>\n                        \u3000\u5e74\u9593\u5c0f\u9ea6\u8f38\u5165\u984d\uff1a\u7d042,000\u5104\u5186\u76f8\u5f53<br>\n                        \u300010\u5186\u306e\u5186\u9ad8 \u2192 \u7d04200\u5104\u5186\u306e\u30b3\u30b9\u30c8\u524a\u6e1b\u52b9\u679c\n                    <\/div>\n                <\/div>\n\n                <h3 class=\"subsection-title\">\u696d\u7a2e\u5225\u306e\u5f71\u97ff\u30de\u30c8\u30ea\u30c3\u30af\u30b9<\/h3>\n                <div class=\"table-wrapper\">\n                    <table>\n                        <thead>\n                            <tr><th>\u696d\u7a2e<\/th><th>\u53ce\u76ca\u3078\u306e\u30d7\u30e9\u30b9\u5f71\u97ff<\/th><th>\u30bf\u30a4\u30e0\u30e9\u30b0<\/th><th>\u5099\u8003<\/th><\/tr>\n                        <\/thead>\n                        <tbody>\n                            <tr><td>\u98df\u54c1\uff08\u5c0f\u9ea6\u30fb\u5927\u8c46\u8f38\u5165\uff09<\/td><td>\u2605\u2605\u2605\u2605\u2605<\/td><td>3\u301c6\u30f6\u6708<\/td><td>\u5148\u7269\u30d8\u30c3\u30b8\u3067\u5373\u52b9\u6027\u306f\u8584\u308c\u308b\u5834\u5408\u3082<\/td><\/tr>\n                            <tr><td>\u96fb\u529b\u30fb\u30ac\u30b9<\/td><td>\u2605\u2605\u2605\u2605\u2606<\/td><td>1\u301c3\u30f6\u6708<\/td><td>\u71c3\u6599\u8cbb\u8abf\u6574\u5236\u5ea6\u3067\u96fb\u6c17\u6599\u91d1\u306b\u3082\u53cd\u6620<\/td><\/tr>\n                            <tr><td>\u5bb6\u5177\u30fb\u96d1\u8ca8\u5c0f\u58f2<\/td><td>\u2605\u2605\u2605\u2605\u2606<\/td><td>6\u301c12\u30f6\u6708<\/td><td>\u5728\u5eab\u6d88\u5316\u5f8c\u306b\u65b0\u4fa1\u683c\u5546\u54c1\u304c\u5165\u8377<\/td><\/tr>\n                            <tr><td>\u767e\u5186\u30b7\u30e7\u30c3\u30d7<\/td><td>\u2605\u2605\u2605\u2606\u2606<\/td><td>6\u301c12\u30f6\u6708<\/td><td>\u70ba\u66ff\u30d8\u30c3\u30b8\u5951\u7d04\u304c\u591a\u3044<\/td><\/tr>\n                            <tr><td>\u822a\u7a7a<\/td><td>\u2605\u2605\u2605\u2605\u2606<\/td><td>\u5373\u52b9\u301c3\u30f6\u6708<\/td><td>\u71c3\u6cb9\u30b5\u30fc\u30c1\u30e3\u30fc\u30b8\u8abf\u6574\u3042\u308a<\/td><\/tr>\n                            <tr><td>\u65c5\u884c\u30fb\u30ec\u30b8\u30e3\u30fc<\/td><td>\u2605\u2605\u2605\u2606\u2606<\/td><td>\u6570\u30f6\u6708<\/td><td>\u6d77\u5916\u65c5\u884c\u9700\u8981\u304c\u56de\u5fa9<\/td><\/tr>\n                        <\/tbody>\n                    <\/table>\n                <\/div>\n\n                <h3 class=\"subsection-title\">\u5186\u9ad8\u3068\u682a\u4fa1\u4e0a\u6607\u306e4\u30d1\u30bf\u30fc\u30f3<\/h3>\n                <div class=\"scenario-card\">\n                    <div class=\"scenario-header\">\n                        <span class=\"scenario-badge\">\u30d1\u30bf\u30fc\u30f31<\/span>\n                        <span class=\"scenario-title\">\u76f4\u63a5\u30e1\u30ea\u30c3\u30c8\u578b<\/span>\n                    <\/div>\n                    <div class=\"scenario-content\">\n                        \u5186\u9ad8 \u2192 \u8f38\u5165\u30b3\u30b9\u30c8\u4f4e\u4e0b \u2192 \u5229\u76ca\u5897\u52a0 \u2192 \u682a\u4fa1\u4e0a\u6607<br>\n                        \u4f8b\uff09\u30cb\u30c8\u30ea\u3001\u795e\u6238\u7269\u7523\u3001\u96fb\u529b\u5404\u793e\n                    <\/div>\n                <\/div>\n                <div class=\"scenario-card\">\n                    <div class=\"scenario-header\">\n                        <span class=\"scenario-badge\">\u30d1\u30bf\u30fc\u30f32<\/span>\n                        <span class=\"scenario-title\">\u30c7\u30a3\u30d5\u30a7\u30f3\u30b7\u30d6\u578b<\/span>\n                    <\/div>\n                    <div class=\"scenario-content\">\n                        \u5186\u9ad8 \u2192 \u8f38\u51fa\u4f01\u696d\u306e\u682a\u4fa1\u4e0b\u843d \u2192 \u5185\u9700\u30c7\u30a3\u30d5\u30a7\u30f3\u30b7\u30d6\u306b\u8cc7\u91d1\u79fb\u52d5 \u2192 \u682a\u4fa1\u4e0a\u6607<br>\n                        \u4f8b\uff09LINE\u30e4\u30d5\u30fc\u3001\u5c0f\u6797\u88fd\u85ac\n                    <\/div>\n                <\/div>\n                <div class=\"scenario-card\">\n                    <div class=\"scenario-header\">\n                        <span class=\"scenario-badge\">\u30d1\u30bf\u30fc\u30f33<\/span>\n                        <span class=\"scenario-title\">\u9ad8\u6210\u9577\u671f\u5f85\u578b<\/span>\n                    <\/div>\n                    <div class=\"scenario-content\">\n                        \u5186\u9ad8 \u2192 \u5e02\u5834\u306e\u697d\u89b3\u30e0\u30fc\u30c9 or \u6d41\u52d5\u6027\u5411\u4e0a \u2192 \u6210\u9577\u682a\u30d0\u30ea\u30e5\u30a8\u30fc\u30b7\u30e7\u30f3\u4e0a\u6607<br>\n                        \u4f8b\uff09\u6771\u4eac\u30a8\u30ec\u30af\u30c8\u30ed\u30f3\u3001\u4fe1\u8d8a\u5316\u5b66\u5de5\u696d\n                    <\/div>\n                <\/div>\n                <div class=\"scenario-card\">\n                    <div class=\"scenario-header\">\n                        <span class=\"scenario-badge\">\u30d1\u30bf\u30fc\u30f34<\/span>\n                        <span class=\"scenario-title\">\u9ad8ROE\u578b<\/span>\n                    <\/div>\n                    <div class=\"scenario-content\">\n                        \u5186\u9ad8 \u2192 \u30ea\u30b9\u30af\u30aa\u30d5\u5c40\u9762\u3067\u306e\u512a\u826f\u9298\u67c4\u9078\u597d \u2192 \u8ca1\u52d9\u5065\u5168\u30fb\u9ad8ROE\u682a\u304c\u9078\u3070\u308c\u308b<br>\n                        \u4f8b\uff09\u30bd\u30cb\u30fc\u3001ZOZO\u3001GMO\u30da\u30a4\u30e1\u30f3\u30c8\n                    <\/div>\n                <\/div>\n            <\/section>\n\n            <!-- Investment Strategy -->\n            <section class=\"section\">\n                <h2 class=\"section-title\">\u6295\u8cc7\u6226\u7565\u3068\u63a8\u5968\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa<\/h2>\n\n                <div class=\"scenario-card\">\n                    <div class=\"scenario-header\">\n                        <span class=\"scenario-badge\">\u30b7\u30ca\u30ea\u30aaA<\/span>\n                        <span class=\"scenario-title\">\u5c0f\u5e45\u5186\u9ad8\uff081\u301c5\u5186\u306e\u5186\u9ad8\u9032\u884c\uff09<\/span>\n                    <\/div>\n                    <div class=\"scenario-content\">\n                        <p><strong>\u63a8\u5968\u30bb\u30af\u30bf\u30fc<\/strong>\uff1a\u98df\u54c1\u30fb\u98f2\u6599<\/p>\n                        <p><strong>\u63a8\u5968\u9298\u67c4<\/strong>\uff1a\u65e5\u6e05\u88fd\u7c89\u30b0\u30eb\u30fc\u30d7\u672c\u793e\u3001\u30cb\u30c3\u30d7\u30f3\u3001\u30b5\u30c3\u30dd\u30edHD<\/p>\n                        <div class=\"scenario-basis\">\n                            <strong>\u6839\u62e0<\/strong>\uff1a\u5c0f\u5e45\u306a\u5186\u9ad8\u3067\u3082\u8f38\u5165\u539f\u6599\u30b3\u30b9\u30c8\u524a\u6e1b\u52b9\u679c\u304c\u78ba\u5b9f\u306b\u53cd\u6620\n                        <\/div>\n                    <\/div>\n                <\/div>\n\n                <div class=\"scenario-card\">\n                    <div class=\"scenario-header\">\n                        <span class=\"scenario-badge\">\u30b7\u30ca\u30ea\u30aaB<\/span>\n                        <span class=\"scenario-title\">\u4e2d\u5e45\u5186\u9ad8\uff085\u301c10\u5186\u306e\u5186\u9ad8\u9032\u884c\uff09<\/span>\n                    <\/div>\n                    <div class=\"scenario-content\">\n                        <p><strong>\u63a8\u5968\u30bb\u30af\u30bf\u30fc<\/strong>\uff1a\u96fb\u529b\u30fb\u30ac\u30b9\u3001\u5bb6\u5177\u5c0f\u58f2<\/p>\n                        <p><strong>\u63a8\u5968\u9298\u67c4<\/strong>\uff1a\u6771\u4eac\u96fb\u529bHD\u3001\u6771\u4eac\u30ac\u30b9\u3001\u30cb\u30c8\u30ea\u30db\u30fc\u30eb\u30c7\u30a3\u30f3\u30b0\u30b9\u3001\u826f\u54c1\u8a08\u753b<\/p>\n                        <div class=\"scenario-basis\">\n                            <strong>\u6839\u62e0<\/strong>\uff1a\u71c3\u6599\u8cbb\u30fb\u8f38\u5165\u30b3\u30b9\u30c8\u524a\u6e1b\u52b9\u679c\u304c\u672c\u683c\u5316\n                        <\/div>\n                    <\/div>\n                <\/div>\n\n                <div class=\"scenario-card\">\n                    <div class=\"scenario-header\">\n                        <span class=\"scenario-badge\">\u30b7\u30ca\u30ea\u30aaC<\/span>\n                        <span class=\"scenario-title\">\u5927\u5e45\u5186\u9ad8\uff0810\u5186\u8d85\u306e\u5186\u9ad8\u9032\u884c\uff09<\/span>\n                    <\/div>\n                    <div class=\"scenario-content\">\n                        <p><strong>\u63a8\u5968\u30bb\u30af\u30bf\u30fc<\/strong>\uff1a\u5168\u5186\u9ad8\u30e1\u30ea\u30c3\u30c8\u682a\uff0b\u9ad8ROE\u5185\u9700<\/p>\n                        <p><strong>\u63a8\u5968\u9298\u67c4<\/strong>\uff1a\u30cb\u30c8\u30ea\u30db\u30fc\u30eb\u30c7\u30a3\u30f3\u30b0\u30b9\u3001\u795e\u6238\u7269\u7523\u3001\u30e9\u30af\u30b9\u3001ZOZO<\/p>\n                        <div class=\"scenario-basis\">\n                            <strong>\u6839\u62e0<\/strong>\uff1a\u5186\u9ad8\u30e1\u30ea\u30c3\u30c8\uff0b\u6295\u6a5f\u7684\u8cc7\u91d1\u6d41\u5165\u306e\u4e21\u9762\u304b\u3089\u4e0a\u6607\u5727\u529b\n                        <\/div>\n                    <\/div>\n                <\/div>\n\n                <h3 class=\"subsection-title\">\u30b9\u30af\u30ea\u30fc\u30cb\u30f3\u30b0\u6761\u4ef6\uff08\u5b9f\u8df5\u7528\uff09<\/h3>\n                <div class=\"table-wrapper\">\n                    <table>\n                        <thead>\n                            <tr><th>\u533a\u5206<\/th><th>\u6761\u4ef6<\/th><\/tr>\n                        <\/thead>\n                        <tbody>\n                            <tr><td>\u5fc5\u9808\u6761\u4ef6\u2460<\/td><td>\u5bfe\u7c73\u30c9\u30eb\u5186\u30d9\u30fc\u30bf\u5024 &lt; -0.5<\/td><\/tr>\n                            <tr><td>\u5fc5\u9808\u6761\u4ef6\u2461<\/td><td>PER &lt; 25\u500d\uff08\u30d0\u30ea\u30e5\u30a8\u30fc\u30b7\u30e7\u30f3\u9069\u6b63\uff09<\/td><\/tr>\n                            <tr><td>\u5fc5\u9808\u6761\u4ef6\u2462<\/td><td>ROE &gt; 10%\uff08\u53ce\u76ca\u6027\uff09<\/td><\/tr>\n                            <tr><td>\u5fc5\u9808\u6761\u4ef6\u2463<\/td><td>\u81ea\u5df1\u8cc7\u672c\u6bd4\u7387 &gt; 40%\uff08\u8ca1\u52d9\u5b89\u5168\u6027\uff09<\/td><\/tr>\n                            <tr><td>\u512a\u5148\u6761\u4ef6\u2464<\/td><td>\u8f38\u5165\u6bd4\u7387 &gt; 30%\uff08\u76f4\u63a5\u7684\u306a\u5186\u9ad8\u30e1\u30ea\u30c3\u30c8\uff09<\/td><\/tr>\n                            <tr><td>\u512a\u5148\u6761\u4ef6\u2465<\/td><td>\u5897\u914d\u30fb\u81ea\u793e\u682a\u8cb7\u3044\u5b9f\u7e3e\u3042\u308a\uff08\u682a\u4e3b\u9084\u5143\uff09<\/td><\/tr>\n                            <tr><td>\u512a\u5148\u6761\u4ef6\u2466<\/td><td>\u696d\u7e3e\u4e88\u60f3\u306e\u4e0a\u65b9\u4fee\u6b63\u50be\u5411<\/td><\/tr>\n                        <\/tbody>\n                    <\/table>\n                <\/div>\n\n                <h3 class=\"subsection-title\">\u4eca\u5f8c\u306e\u6ce8\u76ee\u30dd\u30a4\u30f3\u30c8<\/h3>\n                <ol>\n                    <li><strong>\u65e5\u9280\u306e\u6b21\u56de\u5229\u4e0a\u3052\u6642\u671f<\/strong>\uff1a2026\u5e74\u5f8c\u534a\u306b\u8ffd\u52a0\u5229\u4e0a\u3052\u304c\u3042\u308c\u3070\u5186\u9ad8\u52a0\u901f<\/li>\n                    <li><strong>\u7c73FRB\u306e\u5229\u4e0b\u3052\u30da\u30fc\u30b9<\/strong>\uff1a\u5229\u4e0b\u3052\u304c\u52a0\u901f\u3059\u308c\u3070\u65e5\u7c73\u91d1\u5229\u5dee\u7e2e\u5c0f\u2192\u5186\u9ad8<\/li>\n                    <li><strong>\u70ba\u66ff\u4ecb\u5165\u30e9\u30a4\u30f3<\/strong>\uff1a160\u5186\u53f0\u304c\u653f\u5e9c\u30fb\u65e5\u9280\u306e\u4ecb\u5165\u8b66\u6212\u6c34\u6e96<\/li>\n                    <li><strong>\u4f01\u696d\u306e\u70ba\u66ff\u30d8\u30c3\u30b8\u7387<\/strong>\uff1a\u5404\u793e\u306e\u6c7a\u7b97\u767a\u8868\u3067\u306e\u30ac\u30a4\u30c0\u30f3\u30b9\u306b\u6ce8\u76ee<\/li>\n                    <li><strong>\u56db\u534a\u671f\u6c7a\u7b97\u306e\u5186\u9ad8\u5f71\u97ff\u958b\u793a\u984d<\/strong>\uff1a\u5b9f\u8cea\u7684\u306a\u5229\u76ca\u6539\u5584\u52b9\u679c\u3092\u78ba\u8a8d<\/li>\n                <\/ol>\n            <\/section>\n\n            <!-- Disclaimer -->\n            <div class=\"disclaimer\">\n                <strong>\u514d\u8cac\u4e8b\u9805<\/strong><br>\n                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