{"id":36238,"date":"2026-02-28T05:48:22","date_gmt":"2026-02-28T05:48:22","guid":{"rendered":"https:\/\/www.vtmarkets.com\/uncategorized\/35992\/"},"modified":"2026-02-28T05:48:22","modified_gmt":"2026-02-28T05:48:22","slug":"%e3%83%87%e3%82%a3%e3%82%a2%e3%82%b8%e3%82%aa%e6%a0%aa%e4%be%a1%e3%81%af%e4%b8%8b%e8%90%bd%e5%9c%a7%e5%8a%9b%e4%b8%8b%ef%bc%9a%e5%86%b7%e3%81%88%e8%be%bc%e3%82%80%e3%83%88%e3%83%ac%e3%83%b3%e3%83%89","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/jp-asia\/opinion\/36238\/","title":{"rendered":"\u30c7\u30a3\u30a2\u30b8\u30aa\u682a\u4fa1\u306f\u4e0b\u843d\u5727\u529b\u4e0b\uff1a\u51b7\u3048\u8fbc\u3080\u30c8\u30ec\u30f3\u30c9\u306e\u4e2d\u3067\u30c8\u30ec\u30fc\u30c0\u30fc\u306f\u597d\u6a5f\u3092\u898b\u3044\u3060\u305b\u308b\u306e\u3067\u3057\u3087\u3046\u304b\u3002"},"content":{"rendered":"\n<p>\u4e16\u754c\u306e\u30a2\u30eb\u30b3\u30fc\u30eb\u696d\u754c\u304c\u3053\u3053\u6570\u5e74\u3067\u6700\u3082\u53b3\u3057\u3044\u5c40\u9762\u306e\u4e00\u3064\u306b\u76f4\u9762\u3059\u308b\u4e2d\u3001\u30c7\u30a3\u30a2\u30b8\u30aa\uff08Diageo\uff09\u306e\u682a\u4fa1\u306f\u6295\u8cc7\u5bb6\u3084\u30c8\u30ec\u30fc\u30c0\u30fc\u306b\u3068\u3063\u3066\u6ce8\u76ee\u306e\u7684\u306b\u306a\u3063\u3066\u3044\u307e\u3057\u305f\u3002\u6d88\u8cbb\u8005\u9700\u8981\u306e\u5f31\u3055\u3001\u30e9\u30a4\u30d5\u30b9\u30bf\u30a4\u30eb\u55dc\u597d\u306e\u5909\u5316\u3001\u30d7\u30ec\u30df\u30a2\u30e0\u30b9\u30d4\u30ea\u30c3\u30c4\u8ca9\u58f2\u3078\u306e\u5727\u529b\u304c\u3001<a href=\"https:\/\/www.forbes.com\/sites\/dougmelville\/2026\/01\/02\/is-the-world-going-sober-830-million-wiped-of-liquor-stocks-as-jim-beam-halts-output\/\" target=\"_blank\" rel=\"noopener nofollow\" title=\"\">\u4e3b\u8981\u306a\u4e0a\u5834\u98f2\u6599\u4f1a\u793e\u5168\u4f53\u306e\u4e0b\u843d<\/a>\u3092\u5f15\u304d\u8d77\u3053\u3057\u3066\u3044\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<p>\u5e02\u5834\u53c2\u52a0\u8005\u306b\u3068\u3063\u3066\u3001\u3053\u308c\u306f\u91cd\u8981\u306a\u554f\u3044\u3092\u6295\u3052\u304b\u3051\u3066\u3044\u307e\u3057\u305f\u3002\u4f1d\u7d71\u7684\u306b<a href=\"https:\/\/finance.yahoo.com\/sectors\/consumer-defensive\/\" target=\"_blank\" rel=\"noopener nofollow\" title=\"\">\u751f\u6d3b\u5fc5\u9700\u54c1\uff08\u30c7\u30a3\u30d5\u30a7\u30f3\u30b7\u30d6\uff09\u30bb\u30af\u30bf\u30fc<\/a>\u3068\u3055\u308c\u308b\u5206\u91ce\u306b\u304a\u3051\u308b\u69cb\u9020\u7684\u306a\u4f4e\u8ff7\u306a\u306e\u3067\u3057\u3087\u3046\u304b\u3001\u305d\u308c\u3068\u3082\u58f2\u8cb7\u6a5f\u4f1a\u3092\u3082\u305f\u3089\u3059\u5faa\u74b0\u7684\u306a\u6e1b\u901f\u306a\u306e\u3067\u3057\u3087\u3046\u304b\u3002<\/p>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" style=\"font-size:24px\">\u30c7\u30a3\u30a2\u30b8\u30aa\uff1a\u30d7\u30ec\u30df\u30a2\u30e0\u306a\u30e9\u30b0\u30b8\u30e5\u30a2\u30ea\u30fc\u30d6\u30e9\u30f3\u30c9\u3067\u3057\u305f<\/h2>\n\n\n\n<p>Diageo PLC\u306f\u4e16\u754c\u6700\u5927\u7d1a\u306e\u30d7\u30ec\u30df\u30a2\u30e0\u98f2\u6599\u4f01\u696d\u306e\u4e00\u3064\u3067\u3001\u4e16\u754c\u306e\u6d88\u8cbb\u8ca1\u30bb\u30af\u30bf\u30fc\u306b\u304a\u3051\u308b\u4ee3\u8868\u7684\u4f01\u696d\u3067\u3057\u305f\u3002\u672c\u793e\u306f\u30ed\u30f3\u30c9\u30f3\u306b\u3042\u308a\u3001\u30ed\u30f3\u30c9\u30f3\u8a3c\u5238\u53d6\u5f15\u6240\u304a\u3088\u3073\u30cb\u30e5\u30fc\u30e8\u30fc\u30af\u8a3c\u5238\u53d6\u5f15\u6240\u306b\u4e0a\u5834\u3057\u3066\u3044\u307e\u3057\u305f\u3002\u540c\u793e\u306fJohnnie Walker\u3001Guinness\u3001Smirnoff\u3001Baileys Irish Cream\u3001Tanqueray\u3001Don Julio\u306a\u3069\u3001\u4e16\u754c\u3067\u6700\u3082\u8a8d\u77e5\u5ea6\u306e\u9ad8\u3044\u30a2\u30eb\u30b3\u30fc\u30eb\u30d6\u30e9\u30f3\u30c9\u306e\u4e00\u90e8\u3092\u4fdd\u6709\u3057\u3066\u3044\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<p>\u6b74\u53f2\u7684\u306b\u3001\u30c7\u30a3\u30a2\u30b8\u30aa\u306f\u30c7\u30a3\u30d5\u30a7\u30f3\u30b7\u30d6\u9298\u67c4\u3068\u898b\u306a\u3055\u308c\u3066\u3044\u307e\u3057\u305f\u3002\u30a2\u30eb\u30b3\u30fc\u30eb\u6d88\u8cbb\u306f\u666f\u6c17\u5f8c\u9000\u5c40\u9762\u3067\u3082\u6bd4\u8f03\u7684\u5b89\u5b9a\u3057\u3084\u3059\u304f\u3001\u30d7\u30ec\u30df\u30a2\u30e0\u30b9\u30d4\u30ea\u30c3\u30c4\u306f\u30d6\u30e9\u30f3\u30c9\u30ed\u30a4\u30e4\u30eb\u30c6\u30a3\u3084\u9ad8\u54c1\u8cea\u5fd7\u5411\u306e\u9577\u671f\u30c8\u30ec\u30f3\u30c9\u306e\u6069\u6075\u3092\u53d7\u3051\u3066\u304d\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<p>\u3057\u304b\u3057\u3001\u30c7\u30a3\u30a2\u30b8\u30aa\u306e\u682a\u4fa1\u306e\u6700\u8fd1\u306e\u52d5\u304d\u306f\u3001\u30c7\u30a3\u30d5\u30a7\u30f3\u30b7\u30d6\u30bb\u30af\u30bf\u30fc\u3067\u3042\u3063\u3066\u3082\u69cb\u9020\u5909\u5316\u306e\u5f71\u97ff\u3092\u514d\u308c\u306a\u3044\u3053\u3068\u3092\u793a\u3057\u3066\u3044\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" style=\"font-size:24px\">\u30c7\u30a3\u30a2\u30b8\u30aa\u682a\u4fa1\u306e\u6700\u8fd1\u306e\u52d5\u5411\u3067\u3057\u305f<\/h2>\n\n\n\n<p>\u30c7\u30a3\u30a2\u30b8\u30aa\u682a\u4fa1\u306e\u6700\u8fd1\u306e\u5f31\u3055\u306f\u3001\u8ca9\u58f2\u6570\u91cf\u306e\u6e1b\u5c11\u3001\u5728\u5eab\u8abf\u6574\u3001\u4e3b\u8981\u5730\u57df\u306b\u304a\u3051\u308b\u9700\u8981\u306e\u8edf\u5316\u304c\u8907\u5408\u3057\u305f\u7d50\u679c\u3092\u53cd\u6620\u3057\u3066\u3044\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u30c7\u30a3\u30a2\u30b8\u30aa\u682a\u4fa1\u306f2024\u5e74\u3092\u901a\u3058\u3066\u3001\u3055\u3089\u306b2025\u301c2026\u5e74\u306b\u304b\u3051\u3066\u4e0b\u843d\u57fa\u8abf\u3067\u3057\u305f<\/li>\n\n\n\n<li>\u3053\u308c\u307e\u3067\u6700\u3082\u53ce\u76ca\u6027\u304c\u9ad8\u304b\u3063\u305f\u5317\u7c73\u5e02\u5834\u3067\u6210\u9577\u304c\u920d\u5316\u3057\u3066\u3044\u307e\u3057\u305f<\/li>\n\n\n\n<li>\u4e2d\u5357\u7c73\u3067\u306e\u5728\u5eab\u904e\u591a\u306b\u3088\u308a\u51fa\u8377\u524a\u6e1b\u3092\u4f59\u5100\u306a\u304f\u3055\u308c\u3066\u3044\u307e\u3057\u305f<\/li>\n\n\n\n<li>\u30d1\u30f3\u30c7\u30df\u30c3\u30af\u671f\u306e\u6210\u9577\u5f8c\u306b\u30d7\u30ec\u30df\u30a2\u30e0\u30b9\u30d4\u30ea\u30c3\u30c4\u9700\u8981\u304c\u8edf\u5316\u3057\u3066\u3044\u307e\u3057\u305f<\/li>\n\n\n\n<li>\u6295\u5165\u30b3\u30b9\u30c8\u4e0a\u6607\u3068\u8ca9\u4fc3\u6d3b\u52d5\u306b\u3088\u308a\u30de\u30fc\u30b8\u30f3\u304c\u5727\u8feb\u3055\u308c\u3066\u3044\u307e\u3057\u305f<\/li>\n\n\n\n<li>\u9577\u671f\u7684\u306a\u6d88\u8cbb\u30c8\u30ec\u30f3\u30c9\u306b\u5bfe\u3059\u308b\u6295\u8cc7\u5bb6\u306e\u61f8\u5ff5\u304c\u9ad8\u307e\u3063\u3066\u3044\u307e\u3057\u305f<\/li>\n<\/ul>\n\n\n\n<p>\u540c\u682a\u306f\u591a\u304f\u306e\u4f1d\u7d71\u7684\u30c7\u30a3\u30d5\u30a7\u30f3\u30b7\u30d6\u540c\u696d\u3092\u4e0b\u56de\u308b\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u3068\u306a\u308a\u3001\u5909\u5316\u3059\u308b\u6d88\u8cbb\u8005\u74b0\u5883\u306e\u4e2d\u3067\u30a2\u30eb\u30b3\u30fc\u30eb\u4f01\u696d\u306e\u8010\u6027\u3092\u6295\u8cc7\u5bb6\u304c\u518d\u8a55\u4fa1\u3057\u3066\u3044\u308b\u3053\u3068\u3092\u793a\u3057\u3066\u3044\u307e\u3057\u305f\u3002\u7c73\u56fd\u5730\u57df\u306b\u95a2\u3059\u308b<a href=\"https:\/\/www.marketwatch.com\/story\/american-tequila-sales-are-collapsing-diageo-is-cutting-its-dividend-in-half-3fc34adb\" target=\"_blank\" rel=\"noopener nofollow\" title=\"\">MarketWatch\u306e\u5831\u9053<\/a>\u3067\u306f\u3001\u6d88\u8cbb\u8005\u884c\u52d5\u30d1\u30bf\u30fc\u30f3\u306b\u3064\u3044\u3066\u3055\u3089\u306b\u8a73\u3057\u304f\u793a\u3055\u308c\u3066\u3044\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" style=\"font-size:24px\">\u30a2\u30eb\u30b3\u30fc\u30eb\u696d\u754c\u5168\u4f53\u306b\u5e83\u304c\u308b\u61f8\u5ff5\u3067\u3057\u305f<\/h2>\n\n\n\n<p>\u30c7\u30a3\u30a2\u30b8\u30aa\u306e\u82e6\u6226\u306f\u5358\u72ec\u3067\u8d77\u304d\u3066\u3044\u305f\u308f\u3051\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3067\u3057\u305f\u3002\u4e16\u754c\u306e\u4e3b\u8981\u98f2\u6599\u4f01\u696d\u306e\u591a\u304f\u304c\u540c\u69d8\u306e\u4e0b\u843d\u3092\u7d4c\u9a13\u3057\u3066\u304a\u308a\u3001\u4f01\u696d\u56fa\u6709\u306e\u5931\u7b56\u3068\u3044\u3046\u3088\u308a\u30bb\u30af\u30bf\u30fc\u5168\u4f53\u306e\u5909\u5316\u3092\u793a\u5506\u3057\u3066\u3044\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<p>2025\u5e74\u304b\u30892026\u5e74\u521d\u982d\u306b\u304b\u3051\u3066\u3001\u4e0a\u5834\u98f2\u6599\u4f01\u696d\u304b\u3089\u306f\u6642\u4fa1\u7dcf\u984d\u304c\u6570\u5341\u5104\u30c9\u30eb\u898f\u6a21\u3067\u5931\u308f\u308c\u3066\u3044\u307e\u3057\u305f\u3002\u8907\u6570\u306e\u5927\u624b\u751f\u7523\u8005\u306f\u3001\u30d7\u30ec\u30df\u30a2\u30e0\u4fa1\u683c\u6226\u7565\u3092\u7dad\u6301\u3057\u305f\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u6570\u91cf\u6e1b\u5c11\u3092\u5831\u544a\u3057\u3066\u3044\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<p>\u4e3b\u8981\u306a\u69cb\u9020\u7684\u5727\u529b\u306b\u306f\u3001\u4ee5\u4e0b\u304c\u542b\u307e\u308c\u3066\u3044\u307e\u3057\u305f\uff1a<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u5728\u5b85\u6d88\u8cbb\u306e\u6025\u5897\u5f8c\u306b\u8d77\u304d\u305f\u3001\u30d1\u30f3\u30c7\u30df\u30c3\u30af\u5f8c\u306e\u9700\u8981\u6b63\u5e38\u5316\u3067\u3057\u305f<\/li>\n\n\n\n<li>\u30a4\u30f3\u30d5\u30ec\u304c\u88c1\u91cf\u652f\u51fa\u3092\u5727\u8feb\u3057\u3066\u3044\u307e\u3057\u305f<\/li>\n\n\n\n<li>\u3088\u308a\u5b89\u4fa1\u306a\u4ee3\u66ff\u54c1\u3078\u306e\u300c\u30c0\u30a6\u30f3\u30c8\u30ec\u30fc\u30c9\u300d\u884c\u52d5\u304c\u898b\u3089\u308c\u3066\u3044\u307e\u3057\u305f<\/li>\n\n\n\n<li>\u6d41\u901a\u30c1\u30e3\u30cd\u30eb\u5168\u4f53\u3067\u5728\u5eab\u8abf\u6574\u304c\u9032\u3093\u3067\u3044\u307e\u3057\u305f<\/li>\n\n\n\n<li>\u898f\u5236\u5f53\u5c40\u306e\u76e3\u8996\u5f37\u5316\u3068\u5065\u5eb7\u610f\u8b58\u5411\u4e0a\u30ad\u30e3\u30f3\u30da\u30fc\u30f3\u304c\u7d9a\u3044\u3066\u3044\u307e\u3057\u305f<\/li>\n<\/ul>\n\n\n\n<p>\u6b74\u53f2\u7684\u306b\u306f\u3001\u30a2\u30eb\u30b3\u30fc\u30eb\u95a2\u9023\u682a\u306e\u5927\u5e45\u4e0b\u843d\u306f\u5927\u4e0d\u6cc1\u3084\u6d88\u8cbb\u8005\u306e\u652f\u51fa\u6291\u5236\u5c40\u9762\u3067\u767a\u751f\u3057\u3066\u3044\u307e\u3057\u305f\u3002\u4eca\u56de\u306e\u5c40\u9762\u304c\u7570\u306a\u308b\u306e\u306f\u3001\u4e0b\u843d\u304c\u7d4c\u6e08\u8981\u56e0\u3060\u3051\u3067\u306a\u304f\u3001\u793e\u4f1a\u7684\u614b\u5ea6\u306e\u5909\u5316\u306b\u3082\u7d50\u3073\u3064\u3044\u3066\u3044\u308b\u3088\u3046\u306b\u898b\u3048\u308b\u70b9\u3067\u3057\u305f\u3002<a href=\"https:\/\/www.forbes.com\/sites\/dougmelville\/2026\/01\/02\/is-the-world-going-sober-830-million-wiped-of-liquor-stocks-as-jim-beam-halts-output\/\" target=\"_blank\" rel=\"noopener nofollow\" title=\"\">Forbes<\/a>\u304c\u5831\u3058\u305f\u3068\u3053\u308d\u306b\u3088\u308c\u3070\u3001\u98f2\u9152\u7fd2\u6163\u306e\u5909\u5316\u306b\u4f34\u3044\u3001\u4e16\u754c\u306e\u30a2\u30eb\u30b3\u30fc\u30eb\u682a\u306f8,300\u5104\u30c9\u30eb\u8d85\u3092\u5931\u3063\u3066\u3044\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" style=\"font-size:24px\">\u4e3b\u8981\u4e0a\u5834\u98f2\u6599\u4f01\u696d\u5168\u4f53\u3067\u306e\u4e0b\u843d\u3067\u3057\u305f<\/h2>\n\n\n\n<p><a href=\"https:\/\/www.reuters.com\/business\/consumer-goods\/spirits-makers-squeezed-by-costs-and-demand-slowdown-2024-09-18\/\" target=\"_blank\" rel=\"noopener nofollow\" title=\"\">Reuters<\/a>\u306b\u3088\u308c\u3070\u3001\u4e3b\u8981\u30a2\u30eb\u30b3\u30fc\u30eb\u4f01\u696d\u306f\u751f\u7523\u30b3\u30b9\u30c8\u5897\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u30de\u30fc\u30b8\u30f3\u4f4e\u4e0b\u306b\u82e6\u3057\u3093\u3067\u3044\u307e\u3057\u305f\u3002\u3053\u306e\u30c8\u30ec\u30f3\u30c9\u306f\u30c7\u30a3\u30a2\u30b8\u30aa\u682a\u4fa1\u306b\u9650\u3063\u305f\u8a71\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3067\u3057\u305f\u3002\u8907\u6570\u306e\u4e16\u754c\u7684\u540c\u696d\u304c\u3001\u30de\u30fc\u30b8\u30f3\u306e\u7e2e\u5c0f\u3068\u8ca9\u58f2\u6570\u91cf\u306e\u6e1b\u5c11\u3092\u7d4c\u9a13\u3057\u3066\u3044\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Pernod Ricard\uff08RI\uff09<\/strong>\uff1aAbsolut Vodka\u3084Chivas Regal\u3092\u64c1\u3059\u308b\u30d5\u30e9\u30f3\u30b9\u306e\u30b9\u30d4\u30ea\u30c3\u30c4\u4f01\u696d\u306f\u3001\u30d7\u30ec\u30df\u30a2\u30e0\u30a2\u30eb\u30b3\u30fc\u30eb\u306b\u3068\u3063\u3066\u91cd\u8981\u5e02\u5834\u3067\u3042\u308b\u4e2d\u56fd\u3068\u7c73\u56fd\u3067\u6210\u9577\u304c\u920d\u5316\u3057\u305f\u3068\u5831\u544a\u3057\u3066\u3044\u307e\u3057\u305f\u3002<a href=\"https:\/\/drinksint.com\/news\/fullstory.php\/aid\/12193\/Pernod_Ricard_sales_slump_in_first_half_of_fiscal_year.html\" target=\"_blank\" rel=\"noopener nofollow\" title=\"\">Drinks International<\/a>\u306b\u3088\u308c\u3070\u3001\u540c\u793e\u306f2026\u5e74\u5ea6\u4e0a\u671f\u306e\u30aa\u30fc\u30ac\u30cb\u30c3\u30af\u58f2\u4e0a\u304c5.9%\u6e1b\u5c11\u3057\u3001\u7c73\u56fd\u58f2\u4e0a\u306f15%\u6e1b\u3001\u30a2\u30e1\u30ea\u30ab\u5730\u57df\u306f12%\u6e1b\u3067\u3057\u305f\u3002\u3053\u306e\u4e0b\u843d\u306f\u9700\u8981\u306e\u5f31\u3055\u3068\u5728\u5eab\u8abf\u6574\u306e\u5f71\u97ff\u3092\u53cd\u6620\u3057\u3066\u304a\u308a\u3001\u7d4c\u5e38\u4e8b\u696d\u5229\u76ca\u306f7.5%\u6e1b\u5c11\u3057\u3066\u3044\u307e\u3057\u305f\u3002<\/li>\n\n\n\n<li><strong>Anheuser-Busch InBev\uff08BUD\uff09<\/strong>\uff1a\u4e16\u754c\u6700\u5927\u306e\u30d3\u30fc\u30eb\u30e1\u30fc\u30ab\u30fc\u306f\u3001\u8907\u6570\u5730\u57df\u3067\u306e\u30d3\u30fc\u30eb\u6570\u91cf\u6e1b\u5c11\u306b\u52a0\u3048\u3001\u8a55\u5224\u9762\u306e\u8ab2\u984c\u3084\u6d88\u8cbb\u8005\u55dc\u597d\u306e\u5909\u5316\u306b\u76f4\u9762\u3057\u3066\u3044\u307e\u3057\u305f\u3002<a href=\"https:\/\/www.barrons.com\/articles\/budweiser-abinbev-netflix-partnership-sales-5f73f08f\" target=\"_blank\" rel=\"noopener nofollow\" title=\"\">Barrons\u306e\u5831\u9053<\/a>\u306b\u3088\u308c\u3070\u3001BUD\u306f2025\u5e74\u306b\u4e16\u754c\u306e\u30d3\u30fc\u30eb\u8ca9\u58f2\u6570\u91cf\u304c2%\u6e1b\u5c11\u3057\u3001\u4e2d\u56fd\u3084\u30d6\u30e9\u30b8\u30eb\u3068\u3044\u3063\u305f\u4e3b\u8981\u5e02\u5834\u3067\u7279\u306b\u5f31\u3055\u304c\u898b\u3089\u308c\u3066\u3044\u307e\u3057\u305f\u3002<\/li>\n\n\n\n<li><strong>LVMH\uff08Mo\u00ebt Hennessy\u90e8\u9580\uff09<\/strong>\uff1aLVMH\u306f\u30e9\u30b0\u30b8\u30e5\u30a2\u30ea\u30fc\u5168\u822c\u3067\u5206\u6563\u3057\u3066\u3044\u305f\u3082\u306e\u306e\u3001\u30ef\u30a4\u30f3\uff06\u30b9\u30d4\u30ea\u30c3\u30c4\u90e8\u9580\u306f\u3001\u7279\u306b\u30b3\u30cb\u30e3\u30c3\u30af\u3068\u30b7\u30e3\u30f3\u30d1\u30f3\u3067\u9700\u8981\u304c\u8edf\u5316\u3057\u3066\u3044\u307e\u3057\u305f\u3002\u540c\u90e8\u9580\u306f<a href=\"https:\/\/www.lvmh.com\/static\/letter-to-shareholders-january-2025\/wines-and-spirits.html\" target=\"_blank\" rel=\"noopener nofollow\" title=\"\">\u8ca1\u52d9\u5831\u544a<\/a>\u306b\u304a\u3044\u3066\u30012025\u5e74\u306e\u30aa\u30fc\u30ac\u30cb\u30c3\u30af\u58f2\u4e0a\u9ad8\u304c8%\u6e1b\u5c11\u3057\u3001\u7d4c\u5e38\u4e8b\u696d\u5229\u76ca\u306f\u5927\u304d\u304f36%\u6e1b\u5c11\u3057\u3066\u3044\u307e\u3057\u305f\u3002<\/li>\n<\/ul>\n\n\n\n<p>\u7dcf\u5408\u3059\u308b\u3068\u3001\u3053\u308c\u3089\u306e\u4e0b\u843d\u306f\u500b\u5225\u4f01\u696d\u306e\u554f\u984c\u3068\u3044\u3046\u3088\u308a\u3001\u696d\u754c\u5168\u4f53\u306e\u6e1b\u901f\u3092\u793a\u3057\u3066\u3044\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" style=\"font-size:24px\">\u6d88\u8cbb\u8005\u884c\u52d5\u306f\u300c\u3057\u3089\u3075\u300d\u3078\u5411\u304b\u3063\u3066\u3044\u307e\u3057\u305f<\/h2>\n\n\n\n<p>\u6d88\u8cbb\u8ca1\u4f01\u696d\u306f\u3001\u81ea\u793e\u88fd\u54c1\u304c\u65e5\u5e38\u751f\u6d3b\u3084\u793e\u4f1a\u7684\u30a2\u30a4\u30c7\u30f3\u30c6\u30a3\u30c6\u30a3\u306b\u3069\u308c\u307b\u3069\u6df1\u304f\u6839\u4ed8\u3044\u3066\u3044\u308b\u304b\u306b\u5927\u304d\u304f\u4f9d\u5b58\u3057\u3066\u3044\u307e\u3057\u305f\u3002\u30a2\u30eb\u30b3\u30fc\u30eb\u306f\u9577\u3089\u304f\u6587\u5316\u306e\u4e2d\u5fc3\u7684\u5f79\u5272\u3092\u5360\u3081\u3066\u304d\u307e\u3057\u305f\u304c\u3001\u305d\u306e\u4f4d\u7f6e\u3065\u3051\u306f\u5909\u5316\u3057\u3064\u3064\u3042\u308b\u3088\u3046\u3067\u3057\u305f\u3002\u5e02\u5834\u306f\u5909\u5316\u3057\u3066\u304a\u308a\u3001\u4eba\u3005\u306e\u652f\u51fa\u3084\u793e\u4ea4\u306e\u3042\u308a\u65b9\u306b\u304a\u3044\u3066\u3001\u30a2\u30eb\u30b3\u30fc\u30eb\u306e\u672a\u6765\u306f\u904e\u53bb\u3068\u306f\u5927\u304d\u304f\u7570\u306a\u308b\u59ff\u306b\u306a\u308b\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<div style=\"height:15px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>\u30a6\u30a7\u30eb\u30cd\u30b9\u7d4c\u6e08\u306e\u53f0\u982d\u3067\u3057\u305f<\/strong><\/h3>\n\n\n\n<p>\u5065\u5eb7\u5fd7\u5411\u306e\u30e9\u30a4\u30d5\u30b9\u30bf\u30a4\u30eb\u306f\u3001\u7279\u306b\u82e5\u5e74\u5c64\u3067\u5e83\u304c\u308a\u3092\u898b\u305b\u3066\u3044\u307e\u3057\u305f\u3002\u30a2\u30eb\u30b3\u30fc\u30eb\u6442\u53d6\u306e\u524a\u6e1b\u306f\u3001\u30d5\u30a3\u30c3\u30c8\u30cd\u30b9\u3001\u30e1\u30f3\u30bf\u30eb\u306e\u5065\u5eb7\u3001\u9577\u5bff\u3068\u3044\u3063\u305f\u3088\u308a\u5927\u304d\u306a\u30c8\u30ec\u30f3\u30c9\u3068\u6574\u5408\u3057\u3066\u3044\u307e\u3057\u305f\u3002<a href=\"https:\/\/www.forbes.com\/sites\/garthfriesen\/2025\/07\/08\/alcohol-stocks-tumble-as-health-and-cannabis-trends-surge\/\" target=\"_blank\" rel=\"noopener nofollow\" title=\"\">Forbes<\/a>\u306b\u3088\u308c\u3070\u3001\u30a6\u30a7\u30eb\u30cd\u30b9\u30c8\u30ec\u30f3\u30c9\u306e\u9ad8\u307e\u308a\u304c\u82e5\u5e74\u6d88\u8cbb\u8005\u306e\u98f2\u9152\u91cf\u3092\u6e1b\u3089\u3057\u3066\u3044\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>\u3088\u308a\u53b3\u9078\u3055\u308c\u305f\u795d\u3044\u65b9\u3067\u3057\u305f<\/strong><\/h3>\n\n\n\n<p>\u6d88\u8cbb\u8005\u306f\u30a2\u30eb\u30b3\u30fc\u30eb\u3092\u5b8c\u5168\u306b\u3084\u3081\u308b\u3068\u3044\u3046\u3088\u308a\u3001\u9078\u5225\u7684\u306b\u306a\u3063\u3066\u3044\u307e\u3057\u305f\u3002\u8cfc\u5165\u56de\u6570\u3092\u6e1b\u3089\u3057\u3066\u8cea\u3092\u4e0a\u3052\u305f\u308a\u3001\u7279\u5225\u306a\u6a5f\u4f1a\u306b\u652f\u51fa\u3092\u56de\u3057\u305f\u308a\u3059\u308b\u4eba\u304c\u5897\u3048\u3066\u3044\u307e\u3057\u305f\u3002\u73fe\u5728\u3001\u591a\u304f\u306e\u6d88\u8cbb\u8005\u306f\u3001\u53b3\u9078\u3055\u308c\u305f\u30a2\u30eb\u30b3\u30fc\u30eb\u30e1\u30cb\u30e5\u30fc\u3001\u30af\u30e9\u30d5\u30c8\u30ab\u30af\u30c6\u30eb\u3001\u72ec\u81ea\u306e\u98f2\u9152\u4f53\u9a13\uff08\u4f8b\uff1a\u30a6\u30a4\u30b9\u30ad\u30fc\u30c6\u30a4\u30b9\u30c6\u30a3\u30f3\u30b0\u3001\u30ef\u30a4\u30f3\u30da\u30a2\u30ea\u30f3\u30b0\uff09\u3092\u63d0\u4f9b\u3059\u308b\u9ad8\u7d1a\u30d0\u30fc\u3084\u30ec\u30b9\u30c8\u30e9\u30f3\u3092\u597d\u3093\u3067\u3044\u307e\u3057\u305f\u3002\u52a0\u3048\u3066\u3001\u300c\u30de\u30a4\u30f3\u30c9\u30d5\u30eb\u30fb\u30c9\u30ea\u30f3\u30ad\u30f3\u30b0\u300d\u3082\u4eba\u6c17\u306b\u306a\u3063\u3066\u304a\u308a\u3001\u6f2b\u7136\u3068\u98f2\u3080\u306e\u3067\u306f\u306a\u304f\u3001\u9078\u3093\u3060\u4e00\u676f\u3092\u5473\u308f\u3044\u3001\u8a55\u4fa1\u3059\u308b\u3053\u3068\u306b\u7126\u70b9\u3092\u5f53\u3066\u3066\u3044\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">\u4ee3\u66ff\u54c1\u3078\u306e\u5207\u308a\u66ff\u3048\u3067\u3057\u305f<\/h3>\n\n\n\n<p>\u82e5\u3044\u6d88\u8cbb\u8005\u306f\u3001\u30ce\u30f3\u30a2\u30eb\u30b3\u30fc\u30eb\u98f2\u6599\u304b\u3089\u4ed6\u306e\u55dc\u597d\u54c1\u307e\u3067\u3001\u4ee3\u66ff\u54c1\u3092\u8a66\u3057\u3066\u3044\u307e\u3057\u305f\u3002\u3053\u306e\u5909\u5316\u306f\u3001\u30a2\u30eb\u30b3\u30fc\u30eb\u9700\u8981\u304c\u4e16\u4ee3\u3092\u8d85\u3048\u3066\u5b89\u5b9a\u3057\u3066\u3044\u308b\u3068\u3044\u3046\u5f93\u6765\u306e\u524d\u63d0\u306b\u6311\u6226\u3057\u3066\u3044\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<p>\u3055\u3089\u306b\u3001\u30b3\u30f3\u30d6\u30c1\u30e3\u3001CBD\u914d\u5408\u98f2\u6599\u3001\u30ce\u30f3\u30a2\u30eb\u30b3\u30fc\u30eb\u30b9\u30d4\u30ea\u30c3\u30c4\uff08Seedlip\u3084Ritual Zero Proof\u306e\u3088\u3046\u306a\u4f01\u696d\u306e\u88fd\u54c1\uff09\u3068\u3044\u3063\u305f\u30a6\u30a7\u30eb\u30cd\u30b9\u5fd7\u5411\u306e\u4ee3\u66ff\u30a2\u30eb\u30b3\u30fc\u30eb\u304c\u4eba\u6c17\u3092\u9ad8\u3081\u3066\u3044\u307e\u3057\u305f\u3002\u3053\u308c\u3089\u306f\u3001\u30a2\u30eb\u30b3\u30fc\u30eb\u306e\u60aa\u5f71\u97ff\u3092\u907f\u3051\u3064\u3064\u3082\u793e\u4ea4\u306e\u5834\u306b\u306f\u53c2\u52a0\u3057\u305f\u3044\u5c64\u306b\u5bfe\u5fdc\u3057\u3066\u3044\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" style=\"font-size:24px\">CFD\u306e\u6a5f\u4f1a\u3092\u6349\u3048\u308b\u3053\u3068\u3067\u3057\u305f<\/h2>\n\n\n\n<p>\u9577\u671f\u6295\u8cc7\u5bb6\u304c\u3053\u306e\u4e0b\u843d\u3092\u8b66\u544a\u30b5\u30a4\u30f3\u3068\u6349\u3048\u308b\u4e00\u65b9\u3067\u3001\u30c8\u30ec\u30fc\u30c0\u30fc\u306f\u3057\u3070\u3057\u3070\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\u3068\u65b9\u5411\u6027\u306e\u52d5\u304d\u306b\u6ce8\u76ee\u3057\u3066\u3044\u307e\u3057\u305f\u3002CFD\u53d6\u5f15\u306f\u4e0a\u6607\u5c40\u9762\u3068\u4e0b\u843d\u5c40\u9762\u306e\u53cc\u65b9\u306b\u53c2\u52a0\u3067\u304d\u308b\u305f\u3081\u3001\u30bb\u30af\u30bf\u30fc\u304c\u5f31\u542b\u3080\u5c40\u9762\u3067\u6a5f\u4f1a\u3092\u751f\u307f\u51fa\u3059\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<div style=\"height:15px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\">\u30b7\u30f3\u30d7\u30eb\u306a\u30d5\u30a1\u30f3\u30c0\u30e1\u30f3\u30bf\u30eb\u30ba\u5411\u3051\u3067\u3057\u305f\uff1a<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u4e0b\u843d\u5c40\u9762\u3067\u306e\u4fa1\u683c\u5909\u5316\u3092\u8ffd\u8de1\u3057\u3066\u3044\u307e\u3057\u305f<\/li>\n\n\n\n<li>\u30c7\u30a3\u30a2\u30b8\u30aa\u682a\u4fa1\u304c\u4e0b\u843d\u30e2\u30e1\u30f3\u30bf\u30e0\u306e\u7d99\u7d9a\u3092\u793a\u3059\u5834\u5408\u306f\u30b7\u30e7\u30fc\u30c8\u30dd\u30b8\u30b7\u30e7\u30f3\u3092\u53d6\u3063\u3066\u3044\u307e\u3057\u305f<\/li>\n\n\n\n<li>\u73fe\u7269\u682a\u5f0f\u3092\u4fdd\u6709\u305b\u305a\u306b\u4fa1\u683c\u4e0b\u843d\u306e\u6069\u6075\u3092\u5f97\u3066\u3044\u307e\u3057\u305f<\/li>\n\n\n\n<li>\u30c6\u30af\u30cb\u30ab\u30eb\u30c8\u30ec\u30f3\u30c9\u306b\u5f93\u3046\u30c8\u30ec\u30fc\u30c0\u30fc\u306b\u9069\u3057\u3066\u3044\u307e\u3057\u305f<\/li>\n<\/ul>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\">\u30a2\u30af\u30c6\u30a3\u30d6\u30c8\u30ec\u30fc\u30c0\u30fc\u5411\u3051\u306b\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\u3092\u53d6\u5f15\u3059\u308b\u3053\u3068\u3067\u3057\u305f<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u6c7a\u7b97\u767a\u8868\u306e\u524d\u5f8c\u3067\u30dd\u30b8\u30b7\u30e7\u30f3\u3092\u69cb\u7bc9\u3057\u3066\u3044\u307e\u3057\u305f<\/li>\n\n\n\n<li>\u30ac\u30a4\u30c0\u30f3\u30b9\u5909\u66f4\u3084\u9700\u8981\u898b\u901a\u3057\u306e\u4fee\u6b63\u306b\u3088\u308b\u6025\u5909\u52d5\u304b\u3089\u5229\u76ca\u3092\u72d9\u3063\u3066\u3044\u307e\u3057\u305f<\/li>\n\n\n\n<li>\u53cd\u5fdc\u304c\u4e88\u6e2c\u3057\u306b\u304f\u3044\u305f\u3081\u614e\u91cd\u306a\u30ea\u30b9\u30af\u7ba1\u7406\u304c\u5fc5\u8981\u3067\u3057\u305f<\/li>\n<\/ul>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\">\u6d88\u8cbb\u6e1b\u901f\u30c6\u30fc\u30de\u306e\u6df1\u6398\u308a\u3067\u3057\u305f<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u4e00\u822c\u6d88\u8cbb\u8ca1\u307e\u305f\u306f\u30a2\u30eb\u30b3\u30fc\u30eb\u682a\u306e\u30d0\u30b9\u30b1\u30c3\u30c8\u3092\u30b7\u30e7\u30fc\u30c8\u3057\u3066\u3044\u307e\u3057\u305f<\/li>\n\n\n\n<li>\u5f31\u3044\u6d88\u8cbb\u30bb\u30b0\u30e1\u30f3\u30c8\u3068\u5f37\u3044\u6d88\u8cbb\u30bb\u30b0\u30e1\u30f3\u30c8\u306e\u30da\u30a2\u30c8\u30ec\u30fc\u30c9\u3092\u884c\u3063\u3066\u3044\u307e\u3057\u305f<\/li>\n\n\n\n<li>\u5c0f\u58f2\u58f2\u4e0a\u9ad8\u3084\u6d88\u8cbb\u8005\u4fe1\u983c\u611f\u306a\u3069\u306e\u30de\u30af\u30ed\u6307\u6a19\u3092\u6d3b\u7528\u3057\u3066\u3044\u307e\u3057\u305f<\/li>\n<\/ul>\n\n\n\n<p>\u751f\u6d3b\u5fc5\u9700\u54c1\u30bb\u30af\u30bf\u30fc\u306e\u4fa1\u683c\u5909\u52d5\u3092\u8ffd\u8de1\u3059\u308b\u3053\u3068\u306b\u95a2\u5fc3\u304c\u3042\u308a\u307e\u3057\u305f\u304b\uff1f\u30c7\u30a3\u30a2\u30b8\u30aaplc\uff08DEO\uff09\u3084\u305d\u306e\u4ed6\u306e\u30e9\u30b0\u30b8\u30e5\u30a2\u30ea\u30fc\u6d88\u8cbb\u30bb\u30af\u30bf\u30fc\u306b\u304a\u3051\u308bCFD\u306e\u30ea\u30a2\u30eb\u30bf\u30a4\u30e0\u306e\u5024\u52d5\u304d\u3092\u76e3\u8996\u3059\u308b\u305f\u3081\u306b\u3001VT Markets\u30a2\u30d7\u30ea\u3092\u30c0\u30a6\u30f3\u30ed\u30fc\u30c9\u3057\u3066\u3044\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" style=\"font-size:24px\">\u7d4c\u6e08\u3068\u540c\u3058\u304f\u3089\u3044\u6587\u5316\u304c\u91cd\u8981\u3067\u3057\u305f<\/h2>\n\n\n\n<p>\u30c7\u30a3\u30a2\u30b8\u30aa\u682a\u4fa1\u306e\u6700\u8fd1\u306e\u4e0b\u843d\u306f\u3001\u91cd\u8981\u306a\u70b9\u3092\u6d6e\u304d\u5f6b\u308a\u306b\u3057\u3066\u3044\u307e\u3057\u305f\u3002\u5e02\u5834\u306f\u77ed\u671f\u7684\u306a\u696d\u7e3e\u5727\u529b\u306b\u53cd\u5fdc\u3057\u3066\u3044\u305f\u3060\u3051\u3067\u306a\u304f\u3001\u793e\u4ea4\u3001\u5065\u5eb7\u3001\u55dc\u597d\u306e\u5883\u754c\u304c\u66d6\u6627\u306b\u306a\u308a\u7d9a\u3051\u308b\u4e2d\u3067\u3001\u5c06\u6765\u306e\u6d88\u8cbb\u30d1\u30bf\u30fc\u30f3\u306b\u5bfe\u3059\u308b\u4e0d\u78ba\u5b9f\u6027\u306b\u3082\u53cd\u5fdc\u3057\u3066\u3044\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<p>\u9577\u671f\u6295\u8cc7\u5bb6\u306b\u3068\u3063\u3066\u306e\u91cd\u8981\u306a\u554f\u3044\u306f\u3001\u30c7\u30a3\u30a2\u30b8\u30aa\u306e\u3088\u3046\u306a\u4f01\u696d\u304c\u3001\u30a4\u30ce\u30d9\u30fc\u30b7\u30e7\u30f3\u3001\u65b0\u3057\u3044\u88fd\u54c1\u30ab\u30c6\u30b4\u30ea\u30fc\u3001\u6210\u9577\u5e02\u5834\u3078\u306e\u62e1\u5927\u3092\u901a\u3058\u3066\u9069\u5fdc\u3067\u304d\u308b\u304b\u3069\u3046\u304b\u3067\u3057\u305f\u3002\u4eca\u5f8c\u306e\u6c7a\u7b97\u5831\u544a\u3001\u6226\u7565\u7684\u610f\u601d\u6c7a\u5b9a\u3001\u30d0\u30e9\u30f3\u30b9\u30b7\u30fc\u30c8\u904b\u55b6\u306f\u91cd\u8981\u306a\u30b7\u30b0\u30ca\u30eb\u3092\u63d0\u4f9b\u3059\u308b\u306f\u305a\u3067\u3057\u305f\u3002<\/p>\n\n\n\n<p>\u4e00\u65b9\u3067\u30c8\u30ec\u30fc\u30c0\u30fc\u306b\u3068\u3063\u3066\u306f\u3001\u69cb\u9020\u7684\u4e0d\u78ba\u5b9f\u6027\u306e\u5c40\u9762\u3053\u305d\u304c\u3001\u6700\u3082\u30c0\u30a4\u30ca\u30df\u30c3\u30af\u306a\u6a5f\u4f1a\u3092\u751f\u307f\u3084\u3059\u3044\u6642\u671f\u3067\u3057\u305f\u3002<\/p>\n\n\n\n<p>\u4e16\u754c\u304c\u672c\u5f53\u306b\u3088\u308a\u300c\u3057\u3089\u3075\u300d\u306b\u306a\u308a\u3064\u3064\u3042\u308b\u306e\u304b\u3001\u305d\u308c\u3068\u3082\u30d1\u30f3\u30c7\u30df\u30c3\u30af\u671f\u306e\u7279\u7570\u306a\u6d88\u8cbb\u306e\u53cd\u52d5\u3067\u8abf\u6574\u3057\u3066\u3044\u308b\u3060\u3051\u306a\u306e\u304b\u306f\u3001\u307e\u3060\u5206\u304b\u308a\u307e\u305b\u3093\u3067\u3057\u305f\u3002\u660e\u78ba\u3060\u3063\u305f\u306e\u306f\u3001\u30a2\u30eb\u30b3\u30fc\u30eb\u696d\u754c\u304c\u304b\u3064\u3066\u898b\u3089\u308c\u3066\u3044\u305f\u307b\u3069\u306e\u5b89\u5168\u5730\u5e2f\u3067\u306f\u306a\u304f\u306a\u3063\u3066\u3044\u305f\u3053\u3068\u3067\u3057\u305f\u3002<\/p>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" style=\"font-size:24px\">FAQ:\u3067\u3057\u305f<\/h2>\n\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\">1. \u751f\u6d3b\u5fc5\u9700\u54c1\uff08\u30c7\u30a3\u30d5\u30a7\u30f3\u30b7\u30d6\uff09\u9298\u67c4\u3068\u306f\u4f55\u3067\u3057\u305f\u304b\uff1f<\/h3>\n\n\n\n<ol start=\"1\" class=\"wp-block-list\"><\/ol>\n\n\n\n<p>\u98df\u54c1\u3001\u98f2\u6599\u3001\u5bb6\u5ead\u7528\u54c1\u30fb\u30d1\u30fc\u30bd\u30ca\u30eb\u7528\u54c1\u3001\u5305\u88c5\u3001\u307e\u305f\u306f\u305f\u3070\u3053\u3092\u88fd\u9020\u3059\u308b\u4f01\u696d\u3067\u3057\u305f\u3002\u6559\u80b2\u30b5\u30fc\u30d3\u30b9\u3084\u7814\u4fee\u30b5\u30fc\u30d3\u30b9\u306a\u3069\u306e\u30b5\u30fc\u30d3\u30b9\u3092\u63d0\u4f9b\u3059\u308b\u4f01\u696d\u3082\u542b\u307e\u308c\u3066\u3044\u307e\u3057\u305f\u3002\u3053\u306e\u30bb\u30af\u30bf\u30fc\u306e\u4f01\u696d\u306b\u306f\u3001Philip Morris International\u3001Procter &amp; Gamble\u3001Walmart\u306a\u3069\u304c\u542b\u307e\u308c\u3066\u3044\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\">2. \u30c7\u30a3\u30a2\u30b8\u30aa\u306e\u682a\u4fa1\u306f\u306a\u305c\u4e0b\u843d\u3057\u3066\u304a\u308a\u3001CFD\u53d6\u5f15\u306b\u306f\u3069\u3046\u5f71\u97ff\u3057\u3066\u3044\u307e\u3057\u305f\u304b\uff1f<\/h3>\n\n\n\n<ol start=\"2\" class=\"wp-block-list\"><\/ol>\n\n\n\n<p>\u30c7\u30a3\u30a2\u30b8\u30aa\u682a\u4fa1\u306f\u3001\u30d7\u30ec\u30df\u30a2\u30e0\u30b9\u30d4\u30ea\u30c3\u30c4\u9700\u8981\u306e\u6e1b\u5c11\u3001\u751f\u7523\u30b3\u30b9\u30c8\u306e\u4e0a\u6607\u3001\u4e3b\u8981\u5e02\u5834\u3067\u306e\u5728\u5eab\u904e\u591a\u306b\u3088\u308a\u4e0b\u62bc\u3057\u5727\u529b\u3092\u53d7\u3051\u3066\u3044\u307e\u3057\u305f\u3002CFD\u30c8\u30ec\u30fc\u30c0\u30fc\u306b\u3068\u3063\u3066\u306f\u3001\u4e0b\u843d\u30e2\u30e1\u30f3\u30bf\u30e0\u304c\u7d9a\u304f\u5834\u5408\u306b\u30c7\u30a3\u30a2\u30b8\u30aa\u3092\u30b7\u30e7\u30fc\u30c8\u3059\u308b\u6a5f\u4f1a\u3068\u306a\u308a\u3001\u682a\u5f0f\u3092\u4fdd\u6709\u305b\u305a\u306b\u4fa1\u683c\u4e0b\u843d\u304b\u3089\u5229\u76ca\u3092\u5f97\u3089\u308c\u3066\u3044\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\">3. \u30de\u30af\u30ed\u7d4c\u6e08\u6307\u6a19\u3068\u306f\u4f55\u3067\u3001\u306a\u305c\u30c8\u30ec\u30fc\u30c0\u30fc\u306b\u3068\u3063\u3066\u91cd\u8981\u3067\u3057\u305f\u304b\uff1f<\/h3>\n\n\n\n<ol start=\"3\" 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vtmarketsjp.com<\/p>\n","protected":false},"author":75,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[22],"tags":[],"class_list":["post-36238","post","type-post","status-publish","format-standard","hentry","category-opinion"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/posts\/36238","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/users\/75"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/comments?post=36238"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/posts\/36238\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/media?parent=36238"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/categories?post=36238"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/tags?post=36238"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}