{"id":9370,"date":"2026-09-19T22:39:42","date_gmt":"2026-09-19T13:39:42","guid":{"rendered":"https:\/\/triumphmind.com\/cma\/2026\/09\/19\/g1-equity-31\/"},"modified":"2026-09-19T22:45:02","modified_gmt":"2026-09-19T13:45:02","slug":"g1-equity-31","status":"publish","type":"post","link":"https:\/\/triumphmind.com\/cma\/2026\/09\/19\/g1-equity-31\/","title":{"rendered":"\u914d\u5f53\u653f\u7b56\u3068\u682a\u4fa1\u3068\u306f\uff1f\u610f\u5473\u3068\u8a66\u9a13\u3067\u554f\u308f\u308c\u308b\u30dd\u30a4\u30f3\u30c8\uff5c\u8a3c\u5238\u30a2\u30ca\u30ea\u30b9\u30c81\u6b21\u30fb\u682a\u5f0f\u5206\u6790"},"content":{"rendered":"<style>.cma-tbl{margin:1.2em 0 1.6em;overflow-x:auto;-webkit-overflow-scrolling:touch;border-radius:8px;box-shadow:0 1px 4px rgba(34,0,94,.12);}.cma-tbl table{width:100%;border-collapse:collapse!important;margin:0!important;font-size:15px;line-height:1.6;background:#fff;border:none!important;}.cma-tbl th,.cma-tbl td{padding:10px 12px!important;border:1px solid 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class=\"cma-answer-title\">\u3072\u3068\u3053\u3068\u3067\u8a00\u3046\u3068<\/p>\n<ul>\n<li><strong>\u914d\u5f53\u653f\u7b56\uff08\u30da\u30a4\u30a2\u30a6\u30c8\u653f\u7b56\uff09<\/strong>\u3068\u306f\u3001\u5229\u76ca\u306e\u3046\u3061\u3069\u308c\u3060\u3051\u3092\u914d\u5f53\u3084\u81ea\u793e\u682a\u8cb7\u3044\u3067\u682a\u4e3b\u306b\u9084\u5143\u3057\u3001\u3069\u308c\u3060\u3051\u3092\u5185\u90e8\u7559\u4fdd\u3059\u308b\u304b\u3068\u3044\u3046\u65b9\u91dd\u3067\u3059\u3002<\/li>\n<li>\u7406\u8ad6\u4e0a\u306f\u3001<strong>\u518d\u6295\u8cc7\u306eROE\u304c\u682a\u4e3b\u8cc7\u672c\u30b3\u30b9\u30c8\u3092\u4e0a\u56de\u308b\u3068\u304d\u3060\u3051<\/strong>\u3001\u5185\u90e8\u7559\u4fdd\u3092\u5897\u3084\u3059\u3068\u682a\u4fa1\u304c\u4e0a\u304c\u308a\u307e\u3059\u3002<\/li>\n<li>\u5b8c\u5168\u306a\u5e02\u5834\u3067\u306f\u914d\u5f53\u653f\u7b56\u306f\u682a\u4fa1\u306b\u5f71\u97ff\u3057\u306a\u3044\u3001\u3068\u3044\u3046<strong>MM\uff08\u30e2\u30b8\u30ea\u30a2\u30fc\u30cb\uff1d\u30df\u30e9\u30fc\uff09\u306e\u914d\u5f53\u7121\u95a2\u9023\u547d\u984c<\/strong>\u3082\u91cd\u8981\u3067\u3059\u3002<\/li>\n<\/ul>\n<\/div>\n<p>\u3053\u306e\u8a18\u4e8b\u3067\u306f\u3001\u8a3c\u5238\u30a2\u30ca\u30ea\u30b9\u30c81\u6b21\u30fb\u79d1\u76ee\u2160\u300c\u682a\u5f0f\u5206\u6790\u300d\u306e\u5b66\u7fd2\u30dd\u30a4\u30f3\u30c8\u306e\u3072\u3068\u3064\u300c\u914d\u5f53\u653f\u7b56\u3068\u682a\u4fa1\u300d\u306b\u3064\u3044\u3066\u3001\u610f\u5473\u3068\u8a66\u9a13\u3067\u554f\u308f\u308c\u3084\u3059\u3044\u30dd\u30a4\u30f3\u30c8\u3092\u89e3\u8aac\u3057\u307e\u3059\u3002<\/p>\n<div class=\"cma-tbl kv\">\n<table>\n<tbody>\n<tr>\n<th>\u5206\u91ce<\/th>\n<td>1\u6b21 \u79d1\u76ee\u2160\uff0f\u682a\u5f0f\u5206\u6790<\/td>\n<\/tr>\n<tr>\n<th>\u5927\u5206\u985e<\/th>\n<td>(3) \u682a\u5f0f\u4fa1\u5024\u8a55\u4fa1\u30e2\u30c7\u30eb\u306e\u57fa\u790e<\/td>\n<\/tr>\n<tr>\n<th>\u5354\u4f1a\u306e\u5b66\u7fd2\u30dd\u30a4\u30f3\u30c8<\/th>\n<td>\u682a\u5f0f\u8a55\u4fa1\u30e2\u30c7\u30eb\u306e\u524d\u63d0\u3068\u306a\u308b\u914d\u5f53\u304a\u3088\u3073\u30da\u30a4\u30a2\u30a6\u30c8\u653f\u7b56\u3068\u682a\u4fa1\u306e\u95a2\u4fc2\u306b\u3064\u3044\u3066\u7406\u89e3\u3059\u308b\u3002<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<h2>\u914d\u5f53\u653f\u7b56\u3068\u682a\u4fa1\u3068\u306f<\/h2>\n<p>\u4f01\u696d\u306f\u3001\u7a3c\u3044\u3060\u5229\u76ca\u3092\u682a\u4e3b\u306b\u914d\u5f53\u3068\u3057\u3066\u652f\u6255\u3046\u304b\u3001\u793e\u5185\u306b\u6b8b\u3057\u3066\uff08\u5185\u90e8\u7559\u4fdd\u3057\u3066\uff09\u65b0\u3057\u3044\u6295\u8cc7\u306b\u56de\u3059\u304b\u3092\u9078\u3079\u307e\u3059\u3002\u914d\u5f53\u3092\u5897\u3084\u305b\u3070\u682a\u4e3b\u306f\u4eca\u3059\u3050\u73fe\u91d1\u3092\u53d7\u3051\u53d6\u308c\u307e\u3059\u304c\u3001\u305d\u306e\u3076\u3093\u6295\u8cc7\u306b\u56de\u308b\u304a\u91d1\u304c\u6e1b\u308a\u3001\u5c06\u6765\u306e\u6210\u9577\u306f\u920d\u308a\u307e\u3059\u3002\u9006\u306b\u5185\u90e8\u7559\u4fdd\u3092\u5897\u3084\u305b\u3070\u3001\u914d\u5f53\u306f\u6e1b\u3063\u3066\u3082\u5c06\u6765\u306e\u5229\u76ca\u3084\u914d\u5f53\u306e\u6210\u9577\u304c\u671f\u5f85\u3067\u304d\u307e\u3059\u3002\u914d\u5f53\u653f\u7b56\u3068\u682a\u4fa1\u306e\u95a2\u4fc2\u306f\u3001\u3053\u306e<strong>\u300c\u4eca\u306e\u914d\u5f53\u300d\u3068\u300c\u5c06\u6765\u306e\u6210\u9577\u300d\u306e\u30c8\u30ec\u30fc\u30c9\u30aa\u30d5<\/strong>\u3092\u3069\u3046\u8a55\u4fa1\u3059\u308b\u304b\u3068\u3044\u3046\u554f\u984c\u3067\u3059\u3002<\/p>\n<h3>\u30ab\u30ae\u306fROE\u3068\u682a\u4e3b\u8cc7\u672c\u30b3\u30b9\u30c8\u306e\u5927\u5c0f<\/h3>\n<p>\u5b9a\u7387\u6210\u9577\u30e2\u30c7\u30eb\u306b\u3001\u30b5\u30b9\u30c6\u30a4\u30ca\u30d6\u30eb\u6210\u9577\u7387g\uff1dROE\u00d7\u5185\u90e8\u7559\u4fdd\u7387\u3092\u7d44\u307f\u8fbc\u3080\u3068\u3001\u5185\u90e8\u7559\u4fdd\u7387\u3092\u5909\u3048\u305f\u3068\u304d\u306e\u682a\u4fa1\u306e\u52d5\u304d\u3092\u5206\u6790\u3067\u304d\u307e\u3059\u3002\u7d50\u8ad6\u306f\u6b21\u306e\u3068\u304a\u308a\u3067\u3059\u3002\u518d\u6295\u8cc7\u306eROE\u304c\u682a\u4e3b\u8cc7\u672c\u30b3\u30b9\u30c8k\u3092<strong>\u4e0a\u56de\u308b<\/strong>\u306a\u3089\u3001\u5185\u90e8\u7559\u4fdd\u3092\u5897\u3084\u3059\u307b\u3069\u682a\u4fa1\u306f\u4e0a\u304c\u308a\u307e\u3059\uff08\u682a\u4e3b\u304c\u81ea\u5206\u3067\u904b\u7528\u3059\u308b\u3088\u308a\u4f01\u696d\u304c\u904b\u7528\u3057\u305f\u307b\u3046\u304c\u6709\u5229\uff09\u3002ROE\u304ck\u3068<strong>\u7b49\u3057\u3044<\/strong>\u306a\u3089\u3001\u5185\u90e8\u7559\u4fdd\u7387\u3092\u5909\u3048\u3066\u3082\u682a\u4fa1\u306f\u5909\u308f\u308a\u307e\u305b\u3093\u3002ROE\u304ck\u3092<strong>\u4e0b\u56de\u308b<\/strong>\u306a\u3089\u3001\u5185\u90e8\u7559\u4fdd\u3092\u5897\u3084\u3059\u307b\u3069\u682a\u4fa1\u306f\u4e0b\u304c\u308a\u3001\u3080\u3057\u308d\u914d\u5f53\u3068\u3057\u3066\u9084\u5143\u3057\u305f\u307b\u3046\u304c\u682a\u4e3b\u306b\u3068\u3063\u3066\u6709\u5229\u3067\u3059\u3002<\/p>\n<h3>MM\u306e\u914d\u5f53\u7121\u95a2\u9023\u547d\u984c<\/h3>\n<p>\u30e2\u30b8\u30ea\u30a2\u30fc\u30cb\u3068\u30df\u30e9\u30fc\u306f\u3001\u7a0e\u91d1\u3084\u53d6\u5f15\u30b3\u30b9\u30c8\u304c\u306a\u304f\u3001\u60c5\u5831\u304c\u3059\u3079\u3066\u306e\u4eba\u306b\u7b49\u3057\u304f\u884c\u304d\u6e21\u308b<strong>\u5b8c\u5168\u306a\u8cc7\u672c\u5e02\u5834<\/strong>\u3067\u3001\u4f01\u696d\u306e\u6295\u8cc7\u653f\u7b56\u304c\u6c7a\u307e\u3063\u3066\u3044\u308b\u306a\u3089\u3001<strong>\u914d\u5f53\u653f\u7b56\u306f\u682a\u4e3b\u306e\u5bcc\uff08\u4f01\u696d\u4fa1\u5024\uff09\u306b\u5f71\u97ff\u3057\u306a\u3044<\/strong>\u3053\u3068\u3092\u793a\u3057\u307e\u3057\u305f\u3002\u914d\u5f53\u304c\u6b32\u3057\u3044\u682a\u4e3b\u306f\u6301\u3061\u682a\u306e\u4e00\u90e8\u3092\u58f2\u308c\u3070\u300c\u81ea\u5bb6\u88fd\u914d\u5f53\u300d\u3092\u4f5c\u308c\u3001\u914d\u5f53\u304c\u4e0d\u8981\u306a\u682a\u4e3b\u306f\u53d7\u3051\u53d6\u3063\u305f\u914d\u5f53\u3067\u682a\u3092\u8cb7\u3044\u5897\u305b\u308b\u304b\u3089\u3067\u3059\u3002<\/p>\n<h3>\u73fe\u5b9f\u306e\u5e02\u5834\u3067\u914d\u5f53\u653f\u7b56\u304c\u610f\u5473\u3092\u6301\u3064\u7406\u7531<\/h3>\n<p>\u73fe\u5b9f\u306b\u306f\u5e02\u5834\u306f\u5b8c\u5168\u3067\u306f\u306a\u3044\u305f\u3081\u3001\u914d\u5f53\u653f\u7b56\u304c\u682a\u4fa1\u306b\u5f71\u97ff\u3059\u308b\u3068\u8003\u3048\u3089\u308c\u308b\u7406\u7531\u304c\u3044\u304f\u3064\u304b\u3042\u308a\u307e\u3059\u3002\u7d4c\u55b6\u8005\u304c\u5c06\u6765\u306e\u696d\u7e3e\u306b\u81ea\u4fe1\u3092\u6301\u3063\u3066\u3044\u308b\u3053\u3068\u3092\u5897\u914d\u3067\u4f1d\u3048\u308b<strong>\u30b7\u30b0\u30ca\u30ea\u30f3\u30b0\u52b9\u679c<\/strong>\u3001\u914d\u5f53\u3092\u597d\u3080\u6295\u8cc7\u5bb6\u3068\u6210\u9577\u3092\u597d\u3080\u6295\u8cc7\u5bb6\u304c\u305d\u308c\u305e\u308c\u306e\u65b9\u91dd\u306e\u4f01\u696d\u306b\u96c6\u307e\u308b<strong>\u9867\u5ba2\u52b9\u679c\uff08\u30af\u30e9\u30a4\u30a8\u30f3\u30c6\u30fc\u30eb\u52b9\u679c\uff09<\/strong>\u3001\u914d\u5f53\u3068\u58f2\u5374\u76ca\u306e<strong>\u7a0e\u8ca0\u62c5\u306e\u9055\u3044<\/strong>\u3001\u4f59\u5270\u8cc7\u91d1\u3092\u9084\u5143\u3055\u305b\u3066\u7d4c\u55b6\u8005\u306e\u7121\u99c4\u306a\u6295\u8cc7\u3092\u9632\u3050\u3068\u3044\u3046<strong>\u30a8\u30fc\u30b8\u30a7\u30f3\u30b7\u30fc\u554f\u984c<\/strong>\u306e\u89b3\u70b9\u306a\u3069\u3067\u3059\u3002\u307e\u305f\u3001\u682a\u4e3b\u9084\u5143\u306e\u65b9\u6cd5\u3068\u3057\u3066\u306f\u3001\u914d\u5f53\u306e\u307b\u304b\u306b<strong>\u81ea\u793e\u682a\u8cb7\u3044<\/strong>\u3082\u3042\u308a\u307e\u3059\u3002<\/p>\n<h2>\u62bc\u3055\u3048\u3066\u304a\u304d\u305f\u3044\u516c\u5f0f<\/h2>\n<div class=\"cma-formula\">P<sub>0<\/sub> \uff1d E<sub>1<\/sub> \u00d7 (1 \u2212 b) \u00f7 (k \u2212 ROE \u00d7 b)<small>\u5b9a\u7387\u6210\u9577\u30e2\u30c7\u30eb\u306b g \uff1d ROE \u00d7 b \u3092\u4ee3\u5165\u3057\u305f\u5f62<\/small><\/div>\n<div class=\"cma-formula\">ROE \uff1d k \u306e\u3068\u304d\u3000P<sub>0<\/sub> \uff1d E<sub>1<\/sub> \u00f7 k\uff08\u5185\u90e8\u7559\u4fdd\u7387b\u306b\u95a2\u4fc2\u306a\u304f\u4e00\u5b9a\uff09<\/div>\n<div class=\"cma-tbl two\">\n<table>\n<thead>\n<tr>\n<th>\u8a18\u53f7<\/th>\n<th>\u610f\u5473<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>E<sub>1<\/sub><\/td>\n<td>\u6765\u671f\u306e1\u682a\u5f53\u305f\u308a\u5229\u76ca\uff08EPS\uff09<\/td>\n<\/tr>\n<tr>\n<td>b<\/td>\n<td>\u5185\u90e8\u7559\u4fdd\u7387\uff081\u2212\u914d\u5f53\u6027\u5411\uff09<\/td>\n<\/tr>\n<tr>\n<td>ROE<\/td>\n<td>\u5185\u90e8\u7559\u4fdd\u3092\u518d\u6295\u8cc7\u3057\u305f\u3068\u304d\u306e\u53ce\u76ca\u7387<\/td>\n<\/tr>\n<tr>\n<td>k<\/td>\n<td>\u682a\u4e3b\u8cc7\u672c\u30b3\u30b9\u30c8\uff08\u8981\u6c42\u53ce\u76ca\u7387\uff09<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<h2>\u5177\u4f53\u4f8b\u3067\u78ba\u8a8d<\/h2>\n<p>\u6765\u671f\u306eEPS\u304c100\u5186\u3001\u682a\u4e3b\u8cc7\u672c\u30b3\u30b9\u30c8k\u304c10\uff05\u306e\u4f01\u696d\u306b\u3064\u3044\u3066\u3001\u5185\u90e8\u7559\u4fdd\u7387\u30920\uff05\uff08\u5168\u984d\u914d\u5f53\uff09\u306850\uff05\u306b\u3057\u305f\u5834\u5408\u306e\u682a\u4fa1\u3092\u3001ROE\u306e\u6c34\u6e96\u5225\u306b\u6bd4\u3079\u307e\u3059\u3002<\/p>\n<div class=\"cma-tbl three\">\n<table>\n<thead>\n<tr>\n<th>\u30b1\u30fc\u30b9<\/th>\n<th>\u5185\u90e8\u7559\u4fdd\u73870\uff05<\/th>\n<th>\u5185\u90e8\u7559\u4fdd\u738750\uff05<\/th>\n<th>\u5224\u65ad<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td data-label=\"\u30b1\u30fc\u30b9\">ROE 15\uff05\uff08\uff1ek\uff09<\/td>\n<td data-label=\"\u5185\u90e8\u7559\u4fdd\u73870\uff05\">100\u00f70.10\uff1d1,000\u5186<\/td>\n<td data-label=\"\u5185\u90e8\u7559\u4fdd\u738750\uff05\">g\uff1d7.5\uff05\u300150\u00f7(0.10\u22120.075)\uff1d2,000\u5186<\/td>\n<td data-label=\"\u5224\u65ad\">\u5185\u90e8\u7559\u4fdd\u3067\u682a\u4fa1\u4e0a\u6607<\/td>\n<\/tr>\n<tr>\n<td data-label=\"\u30b1\u30fc\u30b9\">ROE 10\uff05\uff08\uff1dk\uff09<\/td>\n<td data-label=\"\u5185\u90e8\u7559\u4fdd\u73870\uff05\">100\u00f70.10\uff1d1,000\u5186<\/td>\n<td data-label=\"\u5185\u90e8\u7559\u4fdd\u738750\uff05\">g\uff1d5\uff05\u300150\u00f7(0.10\u22120.05)\uff1d1,000\u5186<\/td>\n<td data-label=\"\u5224\u65ad\">\u682a\u4fa1\u306f\u5909\u308f\u3089\u306a\u3044<\/td>\n<\/tr>\n<tr>\n<td data-label=\"\u30b1\u30fc\u30b9\">ROE 8\uff05\uff08\uff1ck\uff09<\/td>\n<td data-label=\"\u5185\u90e8\u7559\u4fdd\u73870\uff05\">100\u00f70.10\uff1d1,000\u5186<\/td>\n<td data-label=\"\u5185\u90e8\u7559\u4fdd\u738750\uff05\">g\uff1d4\uff05\u300150\u00f7(0.10\u22120.04)\u2252833\u5186<\/td>\n<td data-label=\"\u5224\u65ad\">\u5185\u90e8\u7559\u4fdd\u3067\u682a\u4fa1\u4e0b\u843d<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>\u6210\u9577\u7387\u304c\u9ad8\u3044\u307b\u3069\u682a\u4fa1\u304c\u4e0a\u304c\u308b\u308f\u3051\u3067\u306f\u306a\u304f\u3001<strong>ROE\u304c\u8cc7\u672c\u30b3\u30b9\u30c8\u3092\u4e0a\u56de\u308b\u6210\u9577\u3060\u3051\u304c\u4fa1\u5024\u3092\u751f\u3080<\/strong>\u3053\u3068\u304c\u308f\u304b\u308a\u307e\u3059\u3002ROE8\uff05\u306e\u30b1\u30fc\u30b9\u3067\u306f\u3001\u6210\u9577\u7387\u306f4\uff05\u306b\u4e0a\u304c\u3063\u3066\u3044\u308b\u306e\u306b\u682a\u4fa1\u306f\u4e0b\u304c\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n<div class=\"cma-exam\">\n<p class=\"cma-exam-title\">\u8a66\u9a13\u3067\u554f\u308f\u308c\u3084\u3059\u3044\u30dd\u30a4\u30f3\u30c8<\/p>\n<ul>\n<li><strong>ROE\uff1ek\u306a\u3089\u5185\u90e8\u7559\u4fdd\u5897\u3067\u682a\u4fa1\u4e0a\u6607\u3001ROE\uff1dk\u306a\u3089\u4e0d\u5909\u3001ROE\uff1ck\u306a\u3089\u4e0b\u843d<\/strong>\u3068\u3044\u30463\u30d1\u30bf\u30fc\u30f3\u304c\u554f\u308f\u308c\u3084\u3059\u3044\u3067\u3059\u3002<\/li>\n<li>\u300c\u6210\u9577\u7387\u304c\u4e0a\u304c\u308c\u3070\u682a\u4fa1\u306f\u5fc5\u305a\u4e0a\u304c\u308b\u300d\u3068\u3044\u3046\u8a18\u8ff0\u306f\u3001ROE\uff1ck\u306e\u30b1\u30fc\u30b9\u3067\u6210\u308a\u7acb\u305f\u306a\u3044\u3072\u3063\u304b\u3051\u3068\u3057\u3066\u72d9\u308f\u308c\u3084\u3059\u3044\u3067\u3059\u3002<\/li>\n<li>MM\u306e\u914d\u5f53\u7121\u95a2\u9023\u547d\u984c\u306e<strong>\u524d\u63d0\uff08\u5b8c\u5168\u5e02\u5834\u3001\u6295\u8cc7\u653f\u7b56\u304c\u4e00\u5b9a\uff09<\/strong>\u3068\u3001\u305d\u306e\u7d50\u8ad6\u304c\u554f\u308f\u308c\u3084\u3059\u3044\u3067\u3059\u3002<\/li>\n<li>\u30b7\u30b0\u30ca\u30ea\u30f3\u30b0\u52b9\u679c\u3001\u9867\u5ba2\u52b9\u679c\u3001\u7a0e\u3001\u30a8\u30fc\u30b8\u30a7\u30f3\u30b7\u30fc\u554f\u984c\u306a\u3069\u3001\u73fe\u5b9f\u306b\u914d\u5f53\u653f\u7b56\u304c\u610f\u5473\u3092\u6301\u3064\u7406\u7531\u306e\u540d\u79f0\u3068\u5185\u5bb9\u3092\u6df7\u540c\u3057\u3084\u3059\u3044\u306e\u3067\u6ce8\u610f\u3057\u307e\u3057\u3087\u3046\u3002<\/li>\n<li>\u8a08\u7b97\u554f\u984c\u3067\u306f\u3001\u914d\u5f53D<sub>1<\/sub>\uff1dE<sub>1<\/sub>\u00d7(1\u2212b)\u3068\u6210\u9577\u7387g\uff1dROE\u00d7b\u3092\u4e21\u65b9\u5909\u3048\u308b\u5fc5\u8981\u304c\u3042\u308b\u70b9\u306b\u6ce8\u610f\u3057\u307e\u3057\u3087\u3046\u3002<\/li>\n<\/ul>\n<\/div>\n<h2>\u8981\u70b9\u307e\u3068\u3081<\/h2>\n<ul>\n<li>\u914d\u5f53\u653f\u7b56\uff1d\u5229\u76ca\u3092\u9084\u5143\u3059\u308b\u304b\u5185\u90e8\u7559\u4fdd\u3059\u308b\u304b\u306e\u65b9\u91dd<\/li>\n<li>\u5185\u90e8\u7559\u4fdd\u304c\u682a\u4fa1\u3092\u4e0a\u3052\u308b\u306e\u306f\u3001\u518d\u6295\u8cc7\u306eROE\u304c\u682a\u4e3b\u8cc7\u672c\u30b3\u30b9\u30c8\u3092\u4e0a\u56de\u308b\u3068\u304d\u3060\u3051<\/li>\n<li>\u5b8c\u5168\u5e02\u5834\u3067\u306fMM\u306e\u914d\u5f53\u7121\u95a2\u9023\u547d\u984c\u306b\u3088\u308a\u914d\u5f53\u653f\u7b56\u306f\u682a\u4fa1\u306b\u7121\u95a2\u4fc2<\/li>\n<li>\u73fe\u5b9f\u306b\u306f\u30b7\u30b0\u30ca\u30ea\u30f3\u30b0\u52b9\u679c\u30fb\u9867\u5ba2\u52b9\u679c\u30fb\u7a0e\u30fb\u30a8\u30fc\u30b8\u30a7\u30f3\u30b7\u30fc\u554f\u984c\u304c\u5f71\u97ff\u3059\u308b<\/li>\n<\/ul>\n<div class=\"cma-link-box\">\n<p class=\"cma-link-box-title\">\u25b6 \u3042\u308f\u305b\u3066\u8aad\u307f\u305f\u3044<\/p>\n<p><a href=\"https:\/\/triumphmind.com\/cma\/2026\/09\/19\/cma1-equity\/\">\u3010\u8a3c\u5238\u30a2\u30ca\u30ea\u30b9\u30c81\u6b21\u3011\u682a\u5f0f\u5206\u6790\u3067\u5b66\u3076\u5185\u5bb9\u306e\u4e00\u89a7\u306b\u623b\u308b<\/a><\/p>\n<p><a href=\"https:\/\/triumphmind.com\/cma\/2026\/09\/19\/g1-equity-30\/\">\u30b5\u30b9\u30c6\u30a4\u30ca\u30d6\u30eb\u6210\u9577\u7387<\/a><\/p>\n<p><a href=\"https:\/\/triumphmind.com\/cma\/2026\/09\/19\/g1-equity-32\/\">\u30b4\u30fc\u30c9\u30f3\u30fb\u30e2\u30c7\u30eb\u3068\u591a\u6bb5\u968e\u6210\u9577\u30e2\u30c7\u30eb<\/a><\/p>\n<p><a href=\"https:\/\/triumphmind.com\/cma\/2026\/09\/19\/g1-equity-34\/\">\u6210\u9577\u6a5f\u4f1a\u306e\u73fe\u5728\u4fa1\u5024\uff08PVGO\uff09<\/a><\/p>\n<\/div>\n<p>\u8a3c\u5238\u30a2\u30ca\u30ea\u30b9\u30c8\u30a2\u30ab\u30c7\u30df\u30fc\u306eYouTube\uff08<a href=\"https:\/\/www.youtube.com\/@cma-fa-academy\" target=\"_blank\" rel=\"noopener\">@cma-fa-academy<\/a>\uff09\u3067\u306f\u3001\u5b66\u7fd2\u30dd\u30a4\u30f3\u30c8\u306b\u6cbf\u3063\u3066\u8ad6\u70b9\u30921\u3064\u305a\u3064\u89e3\u8aac\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p><a href=\"https:\/\/utage-system.com\/page\/98Nqc5o0yBvT\" target=\"_blank\" rel=\"noopener\">\u25b6 \u8a3c\u5238\u30a2\u30ca\u30ea\u30b9\u30c8\u30b3\u30df\u30e5\u30cb\u30c6\u30a3\u30fc\u306b\u53c2\u52a0\u3059\u308b<\/a><\/p>\n<p style=\"font-size:0.85em;\">\u203b\u5b66\u7fd2\u30dd\u30a4\u30f3\u30c8\u306f\u65e5\u672c\u8a3c\u5238\u30a2\u30ca\u30ea\u30b9\u30c8\u5354\u4f1a\u300c\u30102026\u5e74\u5ea6\u3011CMA\u8cc7\u683c\u306e\u53d6\u5f97\u306b\u6c42\u3081\u3089\u308c\u308b\u4e3b\u8981\u5b66\u7fd2\u4e8b\u9805\u3068\u5b66\u7fd2\u30dd\u30a4\u30f3\u30c8\u300d\u3088\u308a\u5f15\u7528\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u914d\u5f53\u3092\u591a\u304f\u51fa\u3059\u304b\u3001\u5185\u90e8\u7559\u4fdd\u3057\u3066\u6210\u9577\u6295\u8cc7\u306b\u56de\u3059\u304b\u3067\u682a\u4fa1\u306f\u3069\u3046\u5909\u308f\u308b\u306e\u304b\u3002MM\u306e\u914d\u5f53\u7121\u95a2\u9023\u547d\u984c\u3001ROE\u3068\u682a\u4e3b\u8cc7\u672c\u30b3\u30b9\u30c8\u306e\u5927\u5c0f\u306b\u3088\u308b\u9055\u3044\u3001\u30b7\u30b0\u30ca\u30ea\u30f3\u30b0\u52b9\u679c\u306a\u3069\u3001\u8a3c\u5238\u30a2\u30ca\u30ea\u30b9\u30c81\u6b21\u3067\u554f\u308f\u308c\u3084\u3059\u3044\u30dd\u30a4\u30f3\u30c8\u3092\u8a08\u7b97\u4f8b\u3064\u304d\u3067\u89e3\u8aac\u3057\u307e\u3059\u3002<\/p>\n","protected":false},"author":1,"featured_media":9454,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jin_ogp_image_url":"","_jin_last_featured_id":0,"footnotes":""},"categories":[22],"tags":[],"class_list":["post-9370","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-glossary"],"_links":{"self":[{"href":"https:\/\/triumphmind.com\/cma\/wp-json\/wp\/v2\/posts\/9370","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/triumphmind.com\/cma\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/triumphmind.com\/cma\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/triumphmind.com\/cma\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/triumphmind.com\/cma\/wp-json\/wp\/v2\/comments?post=9370"}],"version-history":[{"count":3,"href":"https:\/\/triumphmind.com\/cma\/wp-json\/wp\/v2\/posts\/9370\/revisions"}],"predecessor-version":[{"id":9522,"href":"https:\/\/triumphmind.com\/cma\/wp-json\/wp\/v2\/posts\/9370\/revisions\/9522"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/triumphmind.com\/cma\/wp-json\/wp\/v2\/media\/9454"}],"wp:attachment":[{"href":"https:\/\/triumphmind.com\/cma\/wp-json\/wp\/v2\/media?parent=9370"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/triumphmind.com\/cma\/wp-json\/wp\/v2\/categories?post=9370"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/triumphmind.com\/cma\/wp-json\/wp\/v2\/tags?post=9370"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}