(PDLORJDZDDNLQREX#NXDVDFMS

ㄽ ᩥ

㈈ົ㠃࠿ࡽぢࡓᆅ᪉ᨻᗓࡢ≧ἣ ^∗

㸫ࠕ⤫୍ⓗ࡞ᇶ‽ࠖ࡟ࡼࡿ㈈ົ᭩㢮ࢆ⏝࠸ࡓணഛⓗศᯒ㸫

ி㒔ඛ➃⛉Ꮫ኱Ꮫ ⤒῭⤒ႠᏛ㒊

ᑠᕝ 㢧ṇ

(PDLORJDZDDNLQREX#NXDVDFMS

せ ᪨

ᖺ࠿ࡽᮏ᱁ⓗ࡟ጞࡲࡗࡓᆅ᪉බ఍ィᨵ㠉ࡣࠊ ᖺ࠿ࡽ᪂ࡓ࡞ẁ㝵ࢆ㏄࠼࡚࠸

ࡿࠋ㈈ົ᭩㢮ࡢసᡂᇶ‽ࡀࠕ⤫୍ⓗ࡞ᇶ‽ࠖ࡟⤫୍ࡉࢀࠊ඲࡚ࡢ⮬἞యࡀྠ୍ࡢᇶ‽࡟

ᇶ࡙࠸࡚㈈ົ᭩㢮ࢆసᡂࡍࡿࡇ࡜࡟࡞ࡗࡓࡢ࡛࠶ࡿࠋ ᖺ࠿ࡽࡣࠊ⥲ົ┬࣮࣒࣮࣍࣌

ࢪ࠿ࡽྛ⮬἞యࡢ㈈ົ᭩㢮ࢆ࢚ࢡࢭ࣭ࣝࣇ࢓࢖ࣝᙧᘧ୍࡛ᣓࢲ࣮࢘ࣥࣟࢻࡍࡿࡇ࡜ࡀྍ

⬟࡟࡞ࡗࡓࠋࡋ࠿ࡋࠊ࠸ࡲࡔࡇࡢࢹ࣮ࢱࢆ⏝࠸ࡓ◊✲ࡣ⵳✚ࡉࢀ࡚࠸࡞࠸ࠋ୍᪉ࠊ᪤࡟

ᖺ࡟ᆅ᪉ࡢබ఍ィᇶ‽ࡀ⤫୍ࡉࢀࡓ⡿ᅜ࡛ࡣࠊ㈈ົㅖ⾲࠿ࡽ㈈ົᣦᶆࢆ⟬ฟࡋࠊ⮬

἞య㛫ẚ㍑ࢆࡍࡿ࡞࡝ࠊ㈈ົㅖ⾲࠿ࡽᚓࡽࢀࡿ᝟ሗࢆά⏝ࡋࡓ◊✲ࡀ⵳✚ࡉࢀ࡚࠸ࡿࠋ ᮏ✏࡛ࡣࠊ⤫୍ⓗ࡞ᇶ‽࡟ᇶ࡙ࡃ㈈ົ᭩㢮ࢆ⏝࠸ࡓ◊✲ࡢணഛⓗ࡞ศᯒ࡜ࡋ࡚ࠊ㒔㐨 ᗓ┴඲యࡢ㈈ົ≧ἣࡢ⤒ᖺẚ㍑࡜ࠊ⡿ᅜ࡟࠾ࡅࡿከࡃࡢ◊✲࡛⏝࠸ࡽࢀ࡚࠸ࡿ͆:DQJ 'HQQLVDQG7X̓V6ROYHQF\7HVW͇ࡢྛ㈈ົᣦᶆࡢ⟬ฟࢆ⾜ࡗࡓࠋ

࣮࣮࢟࣡ࢻᆅ᪉බ఍ィᨵ㠉ࠊⓎ⏕୺⩏ࠊࠕ⤫୍ⓗ࡞ᇶ‽ࠖࠊ㈈ົᣦᶆ

㸯㸬ࡣࡌࡵ࡟

ᡃࡀᅜࡢᆅ᪉බ఍ィᨵ㠉ࡣࠊ ᖺ࠿ࡽ᪂ࡓ࡞ẁ㝵ࢆ㏄࠼࡚࠸ࡿࠋ⥲ົ┬㸦㸧ࠕ⤫୍ⓗ࡞ᇶ‽࡟

ࡼࡿᆅ᪉බ఍ィ࣐ࢽࣗ࢔࡛ࣝࠖ♧ࡉࢀࡓࠕ⤫୍ⓗ࡞ᇶ‽ࠖ࡜࠸࠺㈈ົ᭩㢮ࡢసᡂᇶ‽࡟ᇶ࡙࠸࡚ࠊ඲࡚

ࡢ⮬἞య࡛㈈ົ᭩㢮ࡀసᡂࡉࢀࡿࡼ࠺࡟࡞ࡗࡓࠋ ᖺ ᭶ᮎ࡟ࡣࠊ㒔㐨ᗓ┴ࡢ 㸣ࠊᕷ༊⏫ᮧࡢ 㸣ࡀ⤫୍ⓗ࡞ᇶ‽࡟ࡼࡗ࡚ ᖺᗘ∧㈈ົ᭩㢮㸦୍⯡఍ィ➼㈈ົ᭩㢮㸧ࡢసᡂࢆ⤊࠼࡚࠸ࡿࠋࡲ

ࡓࠊ ᖺ࠿ࡽࡣ⥲ົ┬ࡢ࣮࣒࣮࣍࣌ࢪ࡛ྛ⮬἞యࡢ㈈ົ᭩㢮ࡀࢹ࣮ࢱ࣮࣋ࢫᙧᘧ࡛බ⾲ࡉࢀࡿࡼ࠺

∗

ᮏ✏ࡣࠊ᪥ᮏ㈈ᨻᏛ఍➨ 76 ᅇ኱఍࡟࡚ሗ࿌ࡋࡓㄽᩥࢆຍ➹ಟṇࡋࡓࡶࡢ࡛࠶ࡿࠋウㄽ⪅ࡢ㮖ぢⱥྖ㸦᪂₲኱Ꮫ㸧࡯࠿ࠊࣇࣟ࢔ࡢ

ඛ⏕᪉࠿ࡽ᭷┈࡞ࢥ࣓ࣥࢺࢆ㡬࠸ࡓࡇ࡜࡟ឤㅰࡍࡿࠋ

࡟࡞ࡗࡓࠋ ᖺ ᭶ ᪥⌧ᅾࠊ ᖺᗘ∧࡜ ᖺᗘ∧ࡢ㈈ົ᭩㢮࡟ࡘ࠸࡚ࠊ㒔㐨ᗓ┴ࡢ㈈ົ᭩

㢮ࡀ୍ࡘ࡟཰ࡵࡽࢀࡓ࢚ࢡࢭ࣭ࣝࣇ࢓࢖ࣝ࡜ࠊᕷ༊⏫ᮧࡢ㈈ົ᭩㢮ࡀ㒔㐨ᗓ┴ࡈ࡜࡟཰ࡵࡽࢀࡓ࢚ࢡࢭ

࣭ࣝࣇ࢓࢖ࣝࢆㄡ࡛ࡶᐜ᫆࡟ࢲ࣮࢘ࣥࣟࢻࡍࡿࡇ࡜ࡀ࡛ࡁࡿࡼ࠺࡟࡞ࡗ࡚࠸ࡿࠋ

ᆅ᪉බ఍ィᨵ㠉ࡣࠊࠕᑠࡉࡃ࡚ຠ⋡ⓗ࡞ᨻᗓࠖࡢᐇ⌧ࢆ┠ᣦࡋࡓࠕ⾜ᨻᨵ㠉ࡢ㔜せ᪉㔪㸦ᖹᡂ ᖺ

᭶ ᪥㛶㆟Ỵᐃ㸧ࠖࢆཷࡅࠊ⥲ົ┬㸦㸧ࠕ᪂ᆅ᪉බ఍ィไᗘ◊✲఍ሗ࿌᭩࡛ࠖࠕᇶ‽ࣔࢹࣝࠖ࡜ࠕ⥲

ົ┬᪉ᘧᨵゞࣔࢹࣝࠖ࡜࠸࠺ ࡘࡢ㈈ົ᭩㢮ࡢసᡂᇶ‽ࡀ♧ࡉࢀࡓࡇ࡜ࢆ⓶ษࡾ࡟ࡋ࡚ᮏ᱁ⓗ࡟㐍ࡵࡽ

ࢀࠊ㈈ົ᭩㢮ࡢసᡂ࡜࠸࠺Ⅼ࡛ࡣ୍ᐃࡢᡂᯝࡀ࠶ࡗࡓࠋ࡜ࡇࢁࡀࠊసᡂࡉࢀࡓ㈈ົ᭩㢮ࡢά⏝࡜࠸࠺Ⅼ

࡛ࡣ୙༑ศ࡛࠶ࡗࡓࠋࡑࡢせᅉࡣࠊከࡃࡢ⮬἞యࡀ⡆᫆ⓗ࡞సᡂᇶ‽࡛࠶ࡿ⥲ົ┬᪉ᘧᨵゞࣔࢹࣝࢆ㑅 ᢥࡋࠊࡑࡢᚋࡶᇶ‽ࣔࢹࣝ࡬࡜⛣⾜ࡍࡿࡇ࡜ࡀ࡞࠿ࡗࡓࡇ࡜࡟࠶ࡿࠋᇶ‽ࣔࢹࣝࡢሙྜࠊ⢭⦓࡞ᅛᐃ㈨

⏘ྎᖒࡢᩚഛ࡜ࠊಶࠎࡢྲྀᘬࢆ」ᘧ௙ヂࡍࡿࡇ࡜ࡀồࡵࡽࢀࡿࡇ࡜࠿ࡽࠊసᡂࡉࢀࡓ㈈ົ᭩㢮࠿ࡽಶࠎ ࡢྲྀᘬ࡟㐳ࡗ࡚㈈ົศᯒࢆࡍࡿࡇ࡜ࡀྍ⬟࡛࠶ࡿ࡞࡝ࠊά⏝ࡢᖜࡀᗈ࠸ࠋ࡜ࡇࢁࡀࠊ⥲ົ┬᪉ᘧᨵゞࣔ

ࢹࣝࡢሙྜࠊᅛᐃ㈨⏘ྎᖒࡣẁ㝵ⓗ࡟ᩚഛࡍࢀࡤࡼࡃ㸦ᐇ㝿࡟ࡣከࡃࡢ⮬἞యࡀᩚഛࢆࡋ࡞࠸ࡲࡲ࡛࠶

ࡗࡓ㸧ࠊ᪤Ꮡࡢ㈈ᨻ⤫ィ᝟ሗࢆ⤌ࡳ᭰࠼ࡿࡇ࡜࡛㈈ົ᭩㢮ࢆసᡂࡍࡿࡇ࡜ࡀ࡛ࡁࡿࠋࡼࡗ࡚ࠊᇶ‽ࣔࢹ

ࣝࡢࡼ࠺࡞⢭⦓࡞㈈ົศᯒࡣ୙ྍ⬟࡛࠶ࡾࠊά⏝ࡢᖜࡣ⊃࠸ࠋࡇࡢࡇ࡜࠿ࡽࠊ⥲ົ┬᪉ᘧᨵゞࣔࢹࣝࢆ

ᑟධࡋࡓ⮬἞య࡛ࡣࠊࠕ⤒ᖺẚ㍑࡜௚ࡢ⮬἞య࡜ࡢẚ㍑ࡃࡽ࠸ࡋ࠿㈈ົ᭩㢮ࡢά⏝᪉ἲࡣ࡞࠸ࠖ࡜ᤊ࠼

ࡿព㆑ࡀᙉ࠿ࡗࡓࡼ࠺࡛࠶ࡿࠋ୍᪉࡛ࠊᇶ‽ࣔࢹࣝࢆᑟධࡋࡓ⮬἞య࠿ࡽࡍࢀࡤࠊከࡃࡢ⮬἞యࡀ⥲ົ

┬᪉ᘧᨵゞࣔࢹࣝࢆ᥇⏝ࡋ࡚࠸ࡓࡇ࡜࠿ࡽࠊ௚ࡢ⮬἞య࡜ࡢẚ㍑ࡀ࡛ࡁ࡞࠸࡜࠸࠺≧ែ࡛࠶ࡗࡓࠋࡇ࠺

ࡋࡓⅬ࡟ࡘ࠸࡚ࠊ ᖺ ᭶ ᪥ࡢࠕ௒ᚋࡢᆅ᪉බ఍ィࡢᩚഛಁ㐍࡟ࡘ࠸࡚㸦⥲㈈ົ➨ ྕ㸧࡛ࠖ

ࡣࠊࠕከࡃࡢᆅ᪉බඹᅋయ࡟࠾࠸࡚᪤ᏑࡢỴ⟬⤫ィࢹ࣮ࢱࢆά⏝ࡋࡓ⡆౽࡞సᡂ᪉ᘧ࡛࠶ࡿ⥲ົ┬᪉ᘧ ᨵゞࣔࢹࣝࡀ᥇⏝ࡉࢀ࡚࠾ࡾࠊᮏ᱁ⓗ࡞」ᘧ⡙グࢆᑟධࡋ࡚࠸࡞࠸ࡇ࡜࠿ࡽࠊ஦ᴗูࡸ᪋タูࡢศᯒࡀ

࡛ࡁ࡚࠸࡞࠸ࡢ࡛ࡣ࡞࠸࠿ࠊࡲࡓࠊබඹ᪋タ➼ࡢ࣐ࢿࢪ࣓ࣥࢺ࡟ࡶ㈨ࡍࡿᅛᐃ㈨⏘ྎᖒࡢᩚഛࡀ༑ศ࡛

࡞࠸ࡢ࡛ࡣ࡞࠸࠿ࠖ࡜ᣦ᦬ࡉࢀ࡚࠸ࡿࠋ

ࡓࡔࠊ㈈ົ᭩㢮ࡢά⏝᪉ἲ࡟ࡘ࠸࡚ࡣࠊᅜ࡟࠾࠸࡚ࡶ ᖺ㡭࠿ࡽ᳨ウࡀ⥆ࡅࡽࢀ࡚ࡁࡓࠋ⥲ົ┬

㸦㸧ࠕ᪂ᆅ᪉බ఍ィไᗘ◊✲఍ሗ࿌᭩࡛ࠖࡣࠊ㈈ົ᭩㢮సᡂࡢព⩏ࢆࠕᆅ᪉ศᶒࡢ㐍ᒎ࡟క࠸ࠊࡇࢀ

ࡲ࡛௨ୖ࡟⮬⏤࡛࠿ࡘ㈐௵࠶ࡿᆅᇦ⤒Ⴀࡀᆅ᪉බඹᅋయ࡟ồࡵࡽࢀ࡚࠸ࡿࠋࡑ࠺ࡋࡓ⤒Ⴀࢆ㐍ࡵ࡚࠸ࡃ ࡓࡵ࡟ࡣࠊෆ㒊⟶⌮ᙉ໬࡜እ㒊࡬ࡢࢃ࠿ࡾࡸࡍ࠸㈈ົ᝟ሗࡢ㛤♧ࡀ୙ྍḞ࡛࠶ࡿࠖ࡜ࡋࠊලయⓗ࡞ά⏝

᪉ἲ࡜ࡋ࡚ࠕձ㈨⏘࣭മົ⟶⌮ࠊղ㈝⏝⟶⌮ࠊճ㈈ົ᝟ሗࡢࢃ࠿ࡾࡸࡍ࠸㛤♧ࠊմᨻ⟇ホ౯࣭ண⟬⦅ᡂ࣭

Ỵ⟬ศᯒ࡜ࡢ㛵ಀ௜ࡅࠊյᆅ᪉㆟఍࡟࠾ࡅࡿண⟬࣭Ỵ⟬ᑂ㆟࡛ࡢά⏝ࠖࢆᣲࡆ࡚࠸ࡓࠋࡇࡇ࠿ࡽ࠸ࡃࡘ

࠿ࡢ◊✲఍ࢆ⤒࡚ࠊ⥲ົ┬㸦㸧ࠕᆅ᪉බ఍ィࡢ᥎㐍࡟㛵ࡍࡿ◊✲఍ሗ࿌᭩࡛ࠖࡣࠊ㈈ົ᭩㢮ࡢά⏝᪉ ἲࢆࠕձࢭࢢ࣓ࣥࢺู㈈ົ᭩㢮ࡢసᡂ࣭ศᯒࠊղ㈈ົ᭩㢮࠿ࡽᚓࡽࢀࡿྛ✀ᣦᶆࡢศᯒࠊճẚ㍑ྍ⬟࡞

ᙧ࡟ࡼࡿ㈈ົ᭩㢮ࡢ㛤♧㸦බ఍ィ᝟ሗࡢࠕぢ࠼ࡿ໬ࠖ㸧ࠖ࡜ࡋࠊලయⓗ࡞ᡭἲࡀ♧ࡉࢀࡿ࡟⮳ࡗ࡚࠸ࡿࠋ ࡋ࠿ࡋ࡞ࡀࡽࠊ⌧ᅾ࡛ࡶࠊ᪂ᆅ᪉බ఍ィࡢ᥎㐍࡟㛵ࡍࡿ◊✲఍ሗ࿌᭩࡟ᣲࡆࡽࢀ࡚࠸ࡿձ࠿ࡽճࡢά⏝

1

2001ᖺ࡟ࠕᆅ᪉බඹᅋయࡢ⥲ྜⓗ࡞㈈ᨻศᯒ࡟㛵ࡍࡿㄪᰝ◊✲఍ሗ࿌᭩ࠖ

ㄪᰝ◊✲఍ሗ࿌᭩̿ࠗ⾜ᨻࢥࢫࢺィ⟬᭩࠘࡜ࠗྛᆅ᪉බඹᅋయࡢࣂࣛࣥࢫࢩ࣮ࢺ࠘̿ࠖࡀᏑᅾࡋ࡚࠸ࡓࡀࠊᅜ࠿ࡽྛ⮬἞య࡟ᑐࡋ࡚

㈈ົ᭩㢮ࡢసᡂࡀᙉࡃせㄳࡉࢀ࡚࠸ࡓࢃࡅ࡛ࡣ࡞࠸ࠋ

2➹⪅ࡀி㒔ᕷࡢ㈈ᨻᙜᒁ࡟ၥ࠸ྜࢃࡏࡓ࡜ࡇࢁ࡟ࡼࡿࠋࠕࡇࢀࡲ࡛ࠊ኱༙ࡢ⮬἞య࡛ࡣ㈈ົㅖ⾲ࢆసᡂࡍࡿࡇ࡜࡟㔜Ⅼࡀ⨨࠿ࢀࠊస ᡂࡉࢀࡓ㈈ົ᭩㢮ࢆά⏝ࡍࡿࡇ࡜࡟ࡘ࠸࡚ࡢ㆟ㄽࡣࡇࢀ࠿ࡽࠖ࡜ࡢࡇ࡜࡛࠶ࡗࡓ㸦20019ᖺ6᭶20᪥㸧ࠋ

᪉ἲࡢ࠺ࡕࠊẚ㍑ⓗᐜ᫆࡟ᐇ⌧࡛ࡁࡑ࠺࡞ࠕぢ࠼ࡿ໬࡛ࠖࡍࡽࠊࡼ࠺ࡸࡃྛ⮬἞యࡢ㈈ົ᭩㢮ࡀ࢚ࢡࢭ

࣭ࣝࣇ࢓࢖ࣝᙧᘧ࡛⥲ົ┬࣮࣒࣮࣍࣌ࢪ࠿ࡽ୍ᣓࢲ࣮࢘ࣥࣟࢻ࡛ࡁࡿࡼ࠺࡟࡞ࡗࡓ⛬ᗘ࡛࠶ࡿࠋࡑࢀࡲ

࡛ࡣྛ⮬἞యࡢ࣮࣒࣮࣍࣌ࢪ࠿ࡽ㈈ົ᭩㢮ࢆ୍ࡘ୍ࡘࢲ࣮࢘ࣥࣟࢻࡍࡿᚲせࡀ࠶ࡗࡓࡇ࡜࠿ࡽࡍࡿ࡜

฼౽ᛶࡣ኱ᖜ࡟ྥୖࡋࡓࡶࡢࡢࠊ㈈ົ᭩㢮ࡢά⏝ࡣ㐨༙ࡤ࡜ゝࢃࡊࡿࢆᚓ࡞࠸ࠋ

ࡉ࡚ࠊࡇࡢࢹ࣮ࢱࢆࡶ࡜࡟ྛ⮬἞యࡢ㈈ົ᭩㢮ࡢᩚഛ≧ἣࢆ☜ㄆࡋࡼ࠺ࠋ⤫୍ⓗ࡞ᇶ‽࡟ࡼࡿᆅ᪉බ

఍ィ࣐ࢽࣗ࢔࡛ࣝࡣࠊ ࡘࡢࣃࢱ࣮ࣥࡢ㈈ົ᭩㢮ࢆసᡂࡍࡿࡇ࡜࡜ࡉࢀ࡚࠸ࡿࠋ୍⯡఍ィཬࡧᆅ᪉බႠ

஦ᴗ఍ィ௨እࡢ≉ู఍ィࢆᑐ㇟࡜ࡋࡓࠕ୍⯡఍ィ➼㈈ົ᭩㢮ࠖࠊࡇࢀ࡟ᆅ᪉බႠ஦ᴗ఍ィࢆຍ࠼ࡓࠕ඲

య㈈ົ᭩㢮ࠖࠊࡉࡽ࡟୍㒊஦ົ⤌ྜࠊᗈᇦ㐃ྜࠊᆅ᪉⊂❧⾜ᨻἲேࠊᆅ᪉୕බ♫ࠊ➨୕ࢭࢡࢱ࣮➼ࢆຍ࠼

ࡓࠕ㐃⤖㈈ົ᭩㢮࡛ࠖ࠶ࡿࠋ⾲ ࡣࠊྛ㈈ົ᭩㢮ࡢᩚഛ≧ἣࢆࡲ࡜ࡵࡓࡶࡢ࡛࠶ࡿࠋࡇࢀ࡟ࡼࡿ࡜ࠊ ᖺᗘࡢ୍⯡఍ィ➼㈈ົ᭩㢮࡟ࡘ࠸࡚ࡶ࠸ࡲࡔࢹ࣮ࢱࡀᏑᅾࡋ࡞࠸㸦సᡂࡉࢀ࡚࠸࡞࠸㸧⮬἞యࡀ Ꮡᅾࡋ࡚࠸ࡿࡇ࡜ࡸࠊ㐃⤖㈈ົ᭩㢮ࡢᩚഛࡀ୍⯡఍ィ➼㈈ົ᭩㢮࡟ẚ࡭ࡿ࡜㐜ࢀ࡚࠾ࡾࠊ ⾲㸦㈚

೉ᑐ↷⾲ࠊᦆ┈ィ⟬᭩ࠊ⾜ᨻࢥࢫࢺィ⟬᭩ࠊ࢟ࣕࢵࢩࣗࣇ࣮ࣟィ⟬᭩㸧ࡀ඲࡚ࡑࢁࡗ࡚࠸࡞࠸⮬἞యࡀ

୍ᐃᩘᏑᅾࡋ࡚࠸ࡿࡇ࡜ࡀࢃ࠿ࡿࠋᆅ᪉බ఍ィᨵ㠉ࡢዎᶵ࡜࡞ࡗࡓฟ᮶஦ࡢ୍ࡘ࡟ኤᙇᕷࡢ㈈ᨻ◚⥢ࡀ

࠶ࡾࠊࡑࡢせᅉࡀᆅ᪉୕බ♫ࡸ➨୕ࢭࢡࢱ࣮➼ࡀᢪ࠼࡚࠸ࡓከ㢠ࡢ㈇മ࡛࠶ࡗࡓࡇ࡜࠿ࡽࡍࡿ࡜ࠊ㐃⤖

㈈ົ᭩㢮ࡢᩚഛࢆࡉࡽ࡟㐍ࡵࡿᚲせࡀ࠶ࡿ࡜ゝ࠼ࡼ࠺ࠋ

⾲ ㈈ົㅖ⾲ࢹ࣮ࢱࡢᩚഛ≧ἣ

㒔㐨ᗓ┴ ᕷ ༊ ⏫ᮧ ྜィ

୍⯡఍ィ➼㈈ົ᭩㢮

ࢹ࣮ࢱ࠶ࡾ

ࢹ࣮ࢱ࡞ࡋ

㐃⤖㈈ົ᭩㢮

ࢹ࣮ࢱ࠶ࡾ

⾲ࡍ࡭࡚

୍㒊Ḟᦆ

ࢹ࣮ࢱ࡞ࡋ

ฟ඾㸸⥲ົ┬ࠕᖹᡂ ᖺᗘ ⤫୍ⓗ࡞ᇶ‽࡟ࡼࡿ㈈ົ᭩㢮࡟㛵ࡍࡿ᝟ሗࠖࡼࡾ➹⪅సᡂࠋ

୍᪉ࠊ⡿ᅜ࡛ࡣ *$6%㸦⡿ᅜᨻᗓ఍ィᇶ‽ᑂ㆟఍㸧࡟ࡼࡗ࡚᪤࡟ ᖺ࡟ࡣᆅ᪉ᨻᗓࡢࡓࡵࡢ⤫୍ⓗ

࡞බ఍ィᇶ‽ࡀ♧ࡉࢀࠊྛᆅ᪉ᨻᗓ࡟࠾࠸࡚㈈ົㅖ⾲ࡀసᡂࡉࢀ࡚ࡁࡓࠋࡋࡓࡀࡗ࡚ࠊ㈈ົᣦᶆ 㸦)LQDQFLDO&RQGLWLRQ,QGLFDWRU㸧ࢆ⏝࠸࡚ᕷࡢ㈈ົ೺඲ᛶࢆホ౯ࡋࡓ :DQJHWDO㸦㸧ࡸࠊ㈈ົ

ᣦᶆࢆ⏝࠸࡚⮬἞య⾜ືࡢせᅉศᯒࢆ⾜ࡗࡓ 0F'RQDOG㸦㸧ࡢ࡯࠿ࠊ⡿ᅜྛᕞࡢ㈈ົ≧ἣࢆࣛࣥ࢟ࣥ

ࢢᙧᘧ࡛ẚ㍑ࡋࡓ 1RUFURVVDQG*RQ]DOH]㸦㸧࡞࡝ࠊᆅ᪉ᨻᗓࡢ㈈ົㅖ⾲ࢆ⏝࠸ࡓ◊✲ࡀከࡃᏑᅾ ࡍࡿࠋ௨ୖࢆ㋃ࡲ࠼ࡘࡘࠊᮏ✏࡛ࡣࠊձࢹ࣮ࢱࡀ฼⏝ྍ⬟࡞ 㐨ᗓ┴඲యࡢ㈈ົ≧ἣࡢ⤒ᖺẚ㍑ࠊղ

⡿ᅜ࡟࠾ࡅࡿከࡃࡢ◊✲࡛⏝࠸ࡽࢀ࡚࠸ࡿ͆:DQJ'HQQLVDQG7X̓V6ROYHQF\7HVW͇ࡢྛ㈈ົᣦᶆ ࡢ⟬ฟࢆヨࡳࠊᨻᗓ㒊㛛ࡢⓎ⏕୺⩏ⓗ࡞㈈ົㅖ⾲ࢆᏛ⾡◊✲࡛ά⏝ࡋ࡚࠸ࡃࡓࡵࡢணഛⓗศᯒ࡜ࡍࡿࠋ

㸰㸬ඛ⾜◊✲

ᆅ᪉ᨻᗓࡢ㈈ົ≧ἣࢆⓎ⏕୺⩏ⓗ࡟ᤊ࠼ࡼ࠺࡜ࡋࡓ◊✲࡜ࡋ࡚ࡣࠊᮏ㛫࣭㰺⸨㸦㸧ࠊ㉥஭࣭㮖ぢ࣭

ྜྷ⏣㸦㸧ࡀ࠶ࡿࠋ࠸ࡎࢀࡶಶูࡢ⮬἞యࡢືࡁ࡛ࡣ࡞ࡃࠊ61$㸦ᅜẸ⤒῭ィ⟬㸧ࡢࢹ࣮ࢱ࠿ࡽᆅ᪉ᨻ ᗓ㒊㛛඲యࡢ㈈ົㅖ⾲ࢆసᡂࡋࠊ㈈ົⓗ࡞ほⅬ࠿ࡽࡢศᯒࢆ⾜ࡗࡓࡶࡢ࡛࠶ࡿࠋᡃࡀᅜ࡛ᨻᗓ㒊㛛ࡢ㈈

ົ≧ἣࢆⓎ⏕୺⩏ⓗ࡟ᤊ࠼ࡓ◊✲࡜ࡋ࡚ࡣࠊࡇࢀࡽࡀึࡵ࡚࡛࠶ࡿ࡜ᛮࢃࢀࡿࠋࡓࡔࠊࡑࡢᚋࠊᆅ᪉ᨻ ᗓ㒊㛛඲యࡢ㈈ົ≧ἣࢆⓎ⏕୺⩏࡟ᤊ࠼ࡓ◊✲ࡣ➹⪅ࡢ▱ࡿ㝈ࡾᏑᅾࡋ࡚࠸࡞࠸ࠋ

ಶูࡢ⮬἞యࡢ㈈ົㅖ⾲࠿ࡽᚓࡽࢀࡿ᝟ሗࢆ⏝࠸ࡓศᯒࢆ⾜ࡗࡓ◊✲࡜ࡋ࡚ࡣࠊ▼⏣࣭ᑠ㯮㸦㸧ࠊ

኱ᕝ࣭㉥஭㸦㸧ཎཱྀ㸦㸧ࠊཎཱྀ㸦㸧࡞࡝ࡀ࠶ࡿࠋ▼⏣࣭ᑠ㯮㸦㸧ࡣࠊ㈈ົㅖ⾲ࢆ⏝࠸࡚

ୡ௦㛫ࡢබᖹᛶ࡟㛵ࡍࡿᣦᶆࢆసᡂࡋࠊ㒔㐨ᗓ┴㛫ࡢẚ㍑ࢆ⾜ࡗ࡚࠸ࡿࠋ኱ᕝ࣭㉥஭㸦㸧ࡣࠊῶമ ᇶ㔠࠿ࡽࡢ೉ࡾධࢀࢆ཯ᫎࡉࡏ࡚㈚೉ᑐ↷⾲ࢆಟṇࡋࠊ㈈ᨻ≧ἣࡢศᯒࢆ⾜ࡗ࡚࠸ࡿࠋཎཱྀ㸦㸧࡜

ཎཱྀ㸦㸧ࡣࠊ⥲ົ┬᪉ᘧᨵゞࣔࢹࣝ࡟ᇶ࡙ࡃ㈈ົ᭩㢮࡟࠾ࡅࡿ⣧㈨⏘࠿ࡽ࢖ࣥࣇࣛࢫࢺࣛࢡࢳ࣮ࣕ

඘ᙜศ⣧㈨⏘ࢆ㝖ࡁࠊ⮫᫬㈈ᨻᑐ⟇മࢆຍ࠼ࡓࠕಟṇᚋ㈹࿡㈨⏘ẚ⋡ࠖࢆᐃ⩏ࡋ࡚࠸ࡿࠋཎཱྀ㸦㸧

࡛ࡣಟṇᚋ㈹࿡㈨⏘ẚ⋡࡜೺඲໬ุ᩿ẚ⋡ࡢ┦㛵ࢆศᯒࡋࠊཎཱྀ㸦㸧࡛ࡣࠊಟṇᚋ㈹࿡㈨⏘ẚ⋡ࡢ

᪥⡿ẚ㍑ࢆ⾜ࡗ࡚࠸ࡿࠋ⡿ᅜ࡛ࡣࠊ㈈ົᣦᶆࢆ⏝࠸࡚ᕷࡢ㈈ົ೺඲ᛶࢆホ౯ࡋࡓ :DQJHWDO㸦㸧ࡀ

࠶ࡾࠊࡇࡇ࡛ᐃ⩏ࡉࢀ࡚࠸ࡿ㈈ົᣦᶆ͆:DQJ'HQQLVDQG7X̓V6ROYHQF\7HVW͇ࡀ௚ࡢ◊✲࡛ࡶከ ࡃ⏝࠸ࡽࢀ࡚࠸ࡿࠋ0F'RQDOG㸦㸧ࡶࡑࡢ୍ࡘ࡛ࠊ:DQJHWDO㸦㸧ࡢ㈈ົᣦᶆࢆ⏝࠸࡚ࠊ⮬἞య

◚⥢ࡢせᅉศᯒࢆ⾜ࡗ࡚࠸ࡿࠋ1RUFURVVDQG*RQ]DOH]㸦㸧ࡣࠊ:DQJHWDO㸦㸧ࡢ㈈ົᣦᶆࢆ⏝

࠸࡚⡿ᅜྛᕞࡢ㈈ົ≧ἣࢆࣛࣥ࢟ࣥࢢᙧᘧ࡛ẚ㍑ࡋࡓࡶࡢ࡛࠶ࡿࠋ࡞࠾ࠊ㈈ົᣦᶆ࡟ࡣࠊ:DQJ HW DO 㸦㸧ࡢ࡯࠿ࠊ%URZQ㸦㸧ࡢ͆%URZQ̓V3RLQW7HVW͇࡞࡝ࡀ࠶ࡿࠋᡃࡀᅜ࡛ࡣࠊ㈈ົᣦᶆࢆ⏝

࠸ࡓ⮬἞య㛫ẚ㍑ࡣ࠶ࡲࡾ⾜ࢃࢀ࡚࠸࡞࠸ࡀࠊࠗ᪥⤒ࢢ࣮ࣟ࢝ࣝ࠘ࡢ☾㐨㸦㸧ࠊ☾㐨㸦㸧࡛ࡣࠊ

୍⯡఍ィ➼㈈ົ᭩㢮࡜⥲ົ┬ࡀ♧ࡋࡓ㈈ົᣦᶆࢆࠊ㒔㐨ᗓ┴ࡈ࡜ࠊᨻ௧ᕷࡈ࡜࡟୍ぴ࡟ࡋࡓࡶࡢࡀᥖ㍕

ࡉࢀ࡚࠸ࡿࠋ

௨ୖࢆࡲ࡜ࡵࡿ࡜ࠊ ᖺ࠿ࡽᑟධࡉࢀࡓ⤫୍ⓗ࡞ᇶ‽࡟ᇶ࡙ࡃ㈈ົ᭩㢮࠿ࡽᚓࡽࢀࡿ᝟ሗࢆ⏝࠸

ࡓ◊✲ࡣᏑᅾࡋ࡚࠸࡞࠸ࡇ࡜ࠊᆅ᪉ᨻᗓ㒊㛛඲యࡢ㈈ົ≧ἣࢆᤊ࠼ࡼ࠺࡜ࡍࡿ◊✲ࡣᮏ㛫࣭㰺⸨㸦㸧ࠊ

㉥஭࣭ྜྷ⏣࣭㮖ぢ㸦㸧௨㝆࠶ࡲࡾ㐍ࢇ࡛࠸࡞࠸ࡇ࡜ࡀゝ࠼ࡼ࠺ࠋ௒ᚋࠊࡇ࠺ࡋࡓほⅬ࠿ࡽࡢ◊✲ࡀ

⵳✚ࡉࢀࡿࡇ࡜ࡀᮃࡲࢀࡿࡀࠊᮏ✏ࡣࡑࡢணഛⓗศᯒ࡜ࡋ࡚ࠊձࢹ࣮ࢱࡀ฼⏝ྍ⬟࡞ 㐨ᗓ┴඲యࡢ

㈈ົ≧ἣࡢ⤒ᖺẚ㍑ࠊղ⡿ᅜ࡟࠾ࡅࡿከࡃࡢ◊✲࡛⏝࠸ࡽࢀ࡚࠸ࡿ͆:DQJ'HQQLVDQG7X̓V6ROYHQF\

7HVW͇ࡢྛ㈈ົᣦᶆࡢ⟬ฟࢆヨࡳࡿࠋ

㸱㸬

39

ᮏ㛫࣭㰺⸨㸦㸧ࠊ㉥஭࣭ྜྷ⏣࣭㮖ぢ㸦㸧࡛ࡣࠊᆅ᪉ᨻᗓ㒊㛛඲యࡢ㈈ົㅖ⾲ࢆసᡂࡋ࡚࠸ࡿࠋ

3⥲ົ┬ࡀࠕᆅ᪉බ఍ィࡢ᥎㐍࡟㛵ࡍࡿ◊✲఍ሗ࿌᭩࡛ࠖ♧ࡋ࡚࠸ࡿ㈈ົᣦᶆࡣࠊࠕఫẸ୍ேᙜࡓࡾ㈨⏘㢠ࠖࠊࠕṓධ㢠ᑐ㈨⏘ẚ⋡ࠖࠊ ࠕ᭷ᙧᅛᐃ㈨⏘ῶ౯ൾ༷⋡ࠖࠊࠕ⣧㈨⏘ẚ⋡ࠖࠊࠕ♫఍㈨ᮏ➼ᙧᡂࡢୡ௦㛫㈇ᢸẚ⋡ࠖࠊࠕఫẸ୍ேᙜࡓࡾ㈇മ㢠ࠖࠊࠕᇶ♏ⓗ㈈ᨻ཰ᨭࠖࠊ ࠕఫẸ୍ேᙜࡓࡾ⾜ᨻࢥࢫࢺࠖࠊࠕཷ┈⪅㈇ᢸࡢ๭ྜࠖࡢ9ࡘ࡛࠶ࡿࠋ

ࡑࡢᚋࠊᡃࡀᅜ࡟࠾࠸࡚ᆅ᪉ᨻᗓ㒊㛛඲యࡢ㈈ົㅖ⾲ࢆసᡂࡍࡿືࡁࡣぢᙜࡓࡽ࡞࠸ࡀࠊ⤫୍ⓗ࡞ᇶ‽

࡟ࡼࡗ࡚㈈ົ᭩㢮ࡢసᡂᇶ‽ࡀ⤫୍ࡉࢀࡓࡇ࡜࡟ࡼࡾࠊಶࠎࡢ⮬἞యࡢ㈈ົ᭩㢮࠿ࡽᆅ᪉ᨻᗓ㒊㛛඲య ࡢ㈈ົ᭩㢮ࢆసᡂࡋࠊ㈈ົ≧ἣࢆᢕᥱࡍࡿࡇ࡜ࡀྍ⬟࡟࡞ࡗࡓࠋ௒ᚋࠊࡇ࠺ࡋࡓどⅬ࠿ࡽࡢ◊✲ࡀ⵳✚

ࡉࢀ࡚࠸ࡃࡇ࡜ࡀᮃࡲࡋ࠸ࡀࠊࡑࡢணഛⓗศᯒ࡜ࡋ࡚ࠊᮏ✏࡛ࡣ㒔㐨ᗓ┴඲యࡢ㈈ົ᭩㢮ࢆసᡂࡋࠊ㈈

ົ≧ἣࢆᢕᥱࡍࡿࠋࡓࡔࠊṧᛕ࡞ࡀࡽ⥲ົ┬࣮࣒࣮࣍࣌ࢪ࠿ࡽ࢚ࢡࢭ࣭ࣝࣇ࢓࢖ࣝᙧᘧ࡛ࢲ࣮࢘ࣥࣟࢻ

࡛ࡁࡿ ᖺᗘ∧㈈ົ᭩㢮ࠊ ᖺᗘ∧㈈ົ᭩㢮ࡢࢹ࣮ࢱ࡟ࡣࠊ඲࡚ࡢ㒔㐨ᗓ┴ࡀྵࡲࢀ࡚࠸ࡿࢃࡅ

࡛ࡣ࡞࠸ࠋ ᖺᗘ∧㈈ົ᭩㢮࡟ࡘ࠸࡚ࡣࠊᮾி㒔ࠊ⚄ዉᕝ┴ࠊ᪂₲┴ࠊឡ▱┴ࠊ኱㜰ᗓࠊ㫽ྲྀ┴ࠊ⇃

ᮏ┴ࡢࢹ࣮ࢱࡀᏑᅾࡋ࡞࠸ࠋࡲࡓࠊ ᖺᗘ∧㈈ົ᭩㢮࡟ࡘ࠸࡚ࡣࠊ⇃ᮏ┴ࡢࢹ࣮ࢱࡀᏑᅾࡋ࡞࠸ࠋࡲ

ࡓࠊ⾲ ࡛♧ࡋࡓ㏻ࡾࠊ㐃⤖㈈ົ᭩㢮ࡢ୍㒊ࡀᩚഛࡉࢀ࡚࠸࡞࠸㒔㐨ᗓ┴ࡶᏑᅾࡍࡿࠋࡼࡗ࡚ࠊࡇࡇ࡛

ࡣࠊඛ࡟♧ࡋࡓᮾி㒔ࠊ⚄ዉᕝ┴ࠊ᪂₲┴ࠊឡ▱┴ࠊ኱㜰ᗓࠊ㫽ྲྀ┴ࠊ⇃ᮏ┴ࢆ㝖࠸ࡓ 㐨ᗓ┴඲యࡢ

୍⯡఍ィ➼㈈ົ᭩㢮ࢆసᡂࡍࡿࡶࡢ࡜ࡍࡿࠋ

㸱㸫㸰㸬㈚೉ᑐ↷⾲

୍⯡఍ィ➼㈈ົ᭩㢮ࡢ࠺ࡕࠊ㈚೉ᑐ↷⾲ࡀ⾲ ࡛࠶ࡿࠋ㈚೉ᑐ↷⾲࡟ࡼࡾࠊྛᖺᗘᮎ࡟࠾ࡅࡿࢫࢺࢵ

ࢡࢆᢕᥱࡍࡿࡇ࡜ࡀ࡛ࡁࡿࠋ ᖺᗘࡢ㈨⏘ࡣ ඙ ൨෇ࠊ㈇മࡣ ඙ ൨෇࡛࠶ࡾࠊ⣧㈨⏘

ࡣ ඙ ൨෇࡛࠶ࡿࠋࡲࡓࠊ ᖺᗘ࡜ẚ㍑ࡍࡿ࡜㈨⏘ࡣ ൨෇ቑຍࡋ࡚࠸ࡿࡀࠊࡑࡢ࡯࡜

ࢇ࡝ࡣᅛᐃ㈨⏘ࡢቑຍ࡟ࡼࡿࡶࡢ࡛࠶ࡿࠋ㈇മࡣࠊ ൨෇ቑຍࡋ࡚࠸ࡿࡀࠊࡑࡢ࡯࡜ࢇ࡝ࡀᅛᐃ㈇

മ࡛࠶ࡾࠊ୰࡛ࡶ㏥⫋ᡭᙜᘬᙜ㔠ࡣ ൨෇ቑຍࡋ࡚࠸ࡿࠋࡲࡓࠊᆅ᪉മ࡟ࡣࠊ⮫᫬㈈ᨻᑐ⟇മࡀྵ

ࡲࢀ࡚࠸ࡿࠋ⣧㈨⏘ẚ⋡㸦⣧㈨⏘㈨⏘ྜィ㸧ࡣࠊ ᖺᗘࡀ ࠊ ᖺᗘࡀ ࡛࠶ࡾࠊ኱ࡁ

࡞ኚ໬ࡣ࡞࠸ࠋ

⾲ 㐨ᗓ┴ࡢ㈚೉ᑐ↷⾲

༢఩㸸ⓒ୓෇㸧

ᖺᗘ ᖺᗘ ቑῶ

㈨⏘ࡢ㒊 ᅛᐃ㈨⏘

᭷ᙧᅛᐃ㈨⏘

஦ᴗ⏝㈨⏘

ᅵᆅ

❧ᮌ➉

ᘓ≀

ᘓ≀ῶ౯ൾ༷⣼ィ㢠

ᕤస≀

ᕤస≀ῶ౯ൾ༷⣼ィ㢠

⯪⯧

⯪⯧ῶ౯ൾ༷⣼ィ㢠

ᾋᶆ➼

ᾋᶆ➼ῶ౯ൾ༷⣼ィ㢠

⯟✵ᶵ

⯟✵ᶵῶ౯ൾ༷⣼ィ㢠

ࡑࡢ௚

ࡑࡢ௚ῶ౯ൾ༷⣼ィ㢠

ᘓタ௬຺ᐃ

࢖ࣥࣇࣛ㈨⏘

ᅵᆅ

ᘓ≀

ᘓ≀ῶ౯ൾ༷⣼ィ㢠

ᕤస≀

ᕤస≀ῶ౯ൾ༷⣼ィ㢠

ࡑࡢ௚

ࡑࡢ௚ῶ౯ൾ༷⣼ィ㢠

ᘓタ௬຺ᐃ

≀ရ

≀ရῶ౯ൾ༷⣼ィ㢠

↓ᙧᅛᐃ㈨⏘

ࢯࣇࢺ࢙࢘࢔

ࡑࡢ௚

ᢞ㈨ࡑࡢ௚ࡢ㈨⏘

ᢞ㈨ཬࡧฟ㈨㔠

᭷౯ドๆ

ฟ㈨㔠

ࡑࡢ௚

ᢞ㈨ᦆኻᘬᙜ㔠

㛗ᮇᘏമᶒ

㛗ᮇ㈚௜㔠

ᇶ㔠

ῶമᇶ㔠

ࡑࡢ௚

ࡑࡢ௚

ᚩ཰୙⬟ᘬᙜ㔠

ὶື㈨⏘

⌧㔠㡸㔠

ᮍ཰㔠

▷ᮇ㈚௜㔠

ᇶ㔠

㈈ᨻㄪᩚᇶ㔠

ῶമᇶ㔠

Ჴ༺㈨⏘

ࡑࡢ௚

ᚩ཰୙⬟ᘬᙜ㔠

⧞ᘏ㈨⏘

㈨⏘ྜィ

㈇മࡢ㒊 ᅛᐃ㈇മ

ᆅ᪉മ

㛗ᮇᮍᡶ㔠

㏥⫋ᡭᙜᘬᙜ㔠

ᦆኻ⿵ൾ➼ᘬᙜ㔠

ࡑࡢ௚

ὶື㈇മ

㸯ᖺෆൾ㑏ணᐃᆅ᪉മ

ᮍᡶ㔠

ᮍᡶ㈝⏝

๓ཷ㔠

๓ཷ཰┈

㈹୚➼ᘬᙜ㔠

㡸ࡾ㔠

ࡑࡢ௚

㈇മྜィ

⣧㈨⏘ࡢ㒊 ᅛᐃ㈨⏘➼ᙧᡂศ

వ๫ศ㸦୙㊊ศ㸧

௚ᅋయฟ㈨➼ศ

⣧㈨⏘ྜィ

㈇മཬࡧ⣧㈨⏘ྜィ

ฟ඾㸸⥲ົ┬ࠕ⤫୍ⓗ࡞ᇶ‽࡟ࡼࡿ㈈ົ᭩㢮࡟㛵ࡍࡿ᝟ሗ㸦ヲ⣽㸧 ࠖᖹᡂ ᖺᗘࠊᖹᡂ ᖺᗘࡼࡾ➹⪅సᡂࠋ

㸱㸫㸱㸬⾜ᨻࢥࢫࢺィ⟬᭩

⾲ ࡣࠊ⾜ᨻࢥࢫࢺィ⟬᭩࡛࠶ࡿࠋ ᖺᗘࡢ⣧⤒ᖖ⾜ᨻࢥࢫࢺࡣ ඙ ൨෇ࠊ⣧⾜ᨻࢥࢫࢺ ࡣ ඙ 㸪 ൨෇࡛࠶ࡗࡓࠋ ᖺᗘ࡜ẚ㍑ࡍࡿ࡜ࠊ⣧⤒ᖖ⾜ᨻࢥࢫࢺࡀ ൨෇ቑຍࡋ࡚࠸ࡿ࠺

ࡕࠊ⫋ဨ⤥୚㈝ࡀ ൨෇ቑຍࡋ࡚࠸ࡿࠋࡲࡓࠊ⮫᫬฼┈࡜ࡋ࡚ ൨෇ࡀィୖࡉࢀ࡚࠸ࡿࡀࠊࡇ

ࢀࡣ┴㈝㈇ᢸᩍ⫋ဨࡢᨻ௧ᕷ⛣⟶࡟క࠸୙せ࡜࡞ࡗࡓ㏥⫋ᡭᙜᘬᙜ㔠ࢆ཰┈໬ࡋࡓࡇ࡜࡟ࡼࡿࠋ࠸ࡎࢀ

࡟ࡏࡼࠊேཱྀࡀῶᑡࡋ࡚࠸ࡿ࡟ࡶ࠿࠿ࢃࡽࡎ⾜ᨻࢥࢫࢺࡣቑຍࡋ࡚࠸ࡿࡢ࡛ࠊఫẸ୍ேᙜࡓࡾࡢ⾜ᨻࢥ ࢫࢺࡣቑຍࡋ࡚࠸ࡿࡇ࡜࡟࡞ࡿࠋ

⾲ 㐨ᗓ┴ࡢ⾜ᨻࢥࢫࢺィ⟬᭩

༢఩㸸ⓒ୓෇㸧

ᖺᗘ ᖺᗘ ቑῶ

⤒ᖖ㈝⏝

ᴗົ㈝⏝

ே௳㈝

⫋ဨ⤥୚㈝

㈹୚➼ᘬᙜ㔠⧞ධ㢠

㏥⫋ᡭᙜᘬᙜ㔠⧞ධ㢠

ࡑࡢ௚

≀௳㈝➼

≀௳㈝

⥔ᣢ⿵ಟ㈝

ῶ౯ൾ༷㈝

ࡑࡢ௚

ࡑࡢ௚ࡢᴗົ㈝⏝

ᨭᡶ฼ᜥ

ᚩ཰୙⬟ᘬᙜ㔠⧞ධ㢠

ࡑࡢ௚

⛣㌿㈝⏝

⿵ຓ㔠➼

♫఍ಖ㞀⤥௜

௚఍ィ࡬ࡢ⧞ฟ㔠

ࡑࡢ௚

⤒ᖖ཰┈

౑⏝ᩱཬࡧᡭᩘᩱ

ࡑࡢ௚

⣧⤒ᖖ⾜ᨻࢥࢫࢺ

⮫᫬ᦆኻ

⅏ᐖ᚟ᪧ஦ᴗ㈝

㈨⏘㝖኎༷ᦆ

ᢞ㈨ᦆኻᘬᙜ㔠⧞ධ㢠

ᦆኻ⿵ൾ➼ᘬᙜ㔠⧞ධ㢠

ࡑࡢ௚

⮫᫬฼┈

㈨⏘኎༷┈

ࡑࡢ௚

⣧⾜ᨻࢥࢫࢺ

ฟ඾㸸⥲ົ┬ࠕ⤫୍ⓗ࡞ᇶ‽࡟ࡼࡿ㈈ົ᭩㢮࡟㛵ࡍࡿ᝟ሗ㸦ヲ⣽㸧 ࠖᖹᡂ ᖺᗘࠊᖹᡂ ᖺᗘࡼࡾ➹⪅సᡂࠋ

㸱㸫㸲㸬⣧㈨⏘ኚືィ⟬᭩

⾲ ࡣ⣧㈨⏘ኚືィ⟬᭩࡛࠶ࡿࠋ ᖺᗘࡢ⣧㈨⏘ኚື㢠ࡣ ൨෇ࡢῶᑡ࡛࠶ࡿࠋࡇࢀࡣࠊ⣧⾜

ᨻࢥࢫࢺࡀ ඙ ൨෇ࡢቑຍ࡟ᑐࡋࠊ㈈※ࡀ ൨෇ࡋ࠿ቑຍࡋ࡚࠸࡞࠸ࡇ࡜࡟ࡼࡿࠋ⛯཰➼ࡣ ൨෇ࡢῶᑡ࡛࠶ࡿࠋ㈈※ࡢ࠺ࡕࠊᅜ┴➼⿵ຓ㔠ࡣ ඙ ൨෇࡛࠶ࡾࠊࡇࢀࡣ ᖺᗘ࠿ࡽ

൨෇ቑຍࡋ࡚࠸ࡿࠋ

⾲ 㐨ᗓ┴ࡢ⣧㈨⏘ኚືィ⟬᭩

༢఩㸸ⓒ୓෇㸧

ᖺᗘ ᖺᗘ ቑῶ

๓ᖺᗘᮎ⣧㈨⏘ṧ㧗

⣧⾜ᨻࢥࢫࢺ㸦ڹ㸧

㈈※

⛯཰➼

ᅜ┴➼⿵ຓ㔠

ᮏᖺᗘᕪ㢠

ᅛᐃ㈨⏘ࡢኚື㸦ෆ㒊ኚື㸧

᭷ᙧᅛᐃ㈨⏘➼ࡢቑຍ

᭷ᙧᅛᐃ㈨⏘➼ࡢῶᑡ

㈚௜㔠࣭ᇶ㔠➼ࡢቑຍ

㈚௜㔠࣭ᇶ㔠➼ࡢῶᑡ

㈨⏘ホ౯ᕪ㢠

↓ൾᡤ⟶᥮➼

௚ᅋయฟ㈨➼ศࡢቑຍ

௚ᅋయฟ㈨➼ศࡢῶᑡ

ẚ౛㐃⤖๭ྜኚ᭦࡟క࠺ᕪ㢠

ࡑࡢ௚

ᮏᖺᗘ⣧㈨⏘ኚື㢠

ᮏᖺᗘᮎ⣧㈨⏘ṧ㧗

ฟ඾㸸⥲ົ┬ࠕ⤫୍ⓗ࡞ᇶ‽࡟ࡼࡿ㈈ົ᭩㢮࡟㛵ࡍࡿ᝟ሗ㸦ヲ⣽㸧 ࠖᖹᡂ ᖺᗘࠊᖹᡂ ᖺᗘࡼࡾ➹⪅సᡂࠋ

㸱㸫㸳㸬㈨㔠཰ᨭィ⟬᭩

⾲ ࡣ㈨㔠཰ᨭィ⟬᭩࡛࠶ࡿࠋ㈨㔠཰ᨭィ⟬᭩ࡣࠊᨻᗓάືࡢ཰ᨭ࡛࠶ࡿᴗົάື཰ᨭ࡜ࠊࡑࢀ௨እ ࡢάື㸦㈨㔠⧞ࡾ➼㸧ࡢ཰ᨭ㸦ᢞ㈨άື཰ᨭࠊ㈈ົάື཰ᨭ㸧࡟ศࡅࡽࢀࡿࠋ ᖺᗘࡢᴗົάື཰ᨭ ࡣ ൨෇ࡢࣉࣛࢫࠊᢞ㈨άື཰ᨭࡣ ൨෇ࡢ࣐࢖ࢼࢫࠊ㈈ົάື཰ᨭࡣ ൨෇ࡢࣉࣛࢫ࡛

࠶ࡗࡓࠋ ᖺᗘ࡜ẚ㍑ࡍࡿ࡜ࠊࡑࢀࡒࢀ ൨෇ῶᑡࠊ ൨෇ቑຍࠊ ൨෇ቑຍ࡛࠶ࡗࡓࠋ

⤖ᯝ࡜ࡋ࡚ࠊᮏᖺᗘ㈨㔠཰ᨭ㢠ࡣ ൨෇ࡢ࣐࢖ࢼࢫ࡛ࠊ ᖺᗘ࡜ẚ㍑ࡍࡿ࡜ ൨෇ࡢῶᑡ࡛࠶ࡗ ࡓࠋᴗົάື཰ᨭࡢෆヂࢆぢࡿ࡜ࠊே௳㈝ᨭฟࡀ ᖺᗘ࠿ࡽ ൨෇ቑຍࡋ࡚࠸ࡿ୍᪉࡛ࠊ⛯཰

➼཰ධࡣ ൨෇ῶᑡࡋ࡚࠸ࡿࡇ࡜ࡀࢃ࠿ࡿࠋᢞ㈨άື཰ᨭࡢෆヂࢆぢࡿ࡜ࠊ ᖺᗘ࠿ࡽᅜ┴➼⿵ຓ

㔠཰ධࡀ ൨෇ࠊᇶ㔠ྲྀᔂ཰ධࡀ ൨෇ቑຍࡋ࡚࠸ࡿࡇ࡜࡟ࡼࡾࠊᢞ㈨άື཰ᨭࡢ࣐࢖ࢼࢫࡀ ᖺᗘ࡟ẚ࡭࡚ῶᑡࡋ࡚࠸ࡿࡇ࡜ࡀࢃ࠿ࡿࠋࡲࡓࠊ㈈ົάື཰ᨭࡢෆヂࢆぢࡿ࡜ࠊᆅ᪉മ➼ൾ㑏ᨭฟ

ࢆᆅ᪉മ➼Ⓨ⾜཰ධࡀୖᅇࡗ࡚࠸ࡿࡇ࡜ࡀࢃ࠿ࡿࠋ

⾲ 㐨ᗓ┴ࡢ㈨㔠཰ᨭィ⟬᭩

༢఩㸸ⓒ୓෇㸧

ᖺᗘ ᖺᗘ ቑῶ

ᴗົᨭฟ

ᴗົ㈝⏝ᨭฟ

ே௳㈝ᨭฟ

≀௳㈝➼ᨭฟ

ᨭᡶ฼ᜥᨭฟ

ࡑࡢ௚ࡢᨭฟ

⛣㌿㈝⏝ᨭฟ

⿵ຓ㔠➼ᨭฟ

♫఍ಖ㞀⤥௜ᨭฟ

௚఍ィ࡬ࡢ⧞ฟᨭฟ

ࡑࡢ௚ࡢᨭฟ

ᴗົ཰ධ

⛯཰➼཰ධ

ᅜ┴➼⿵ຓ㔠཰ධ

౑⏝ᩱཬࡧᡭᩘᩱ཰ධ

ࡑࡢ௚ࡢ཰ධ

⮫᫬ᨭฟ

⅏ᐖ᚟ᪧ஦ᴗ㈝ᨭฟ

ࡑࡢ௚ࡢᨭฟ

⮫᫬཰ධ

ᴗົάື཰ᨭ

ᢞ㈨άືᨭฟ

බඹ᪋タ➼ᩚഛ㈝ᨭฟ

ᇶ㔠✚❧㔠ᨭฟ

ᢞ㈨ཬࡧฟ㈨㔠ᨭฟ

㈚௜㔠ᨭฟ

ࡑࡢ௚ࡢᨭฟ

ᢞ㈨άື཰ධ

ᅜ┴➼⿵ຓ㔠཰ධ

ᇶ㔠ྲྀᔂ཰ධ

㈚௜㔠ඖ㔠ᅇ཰཰ධ

㈨⏘኎༷཰ධ

ࡑࡢ௚ࡢ཰ධ

ᢞ㈨άື཰ᨭ

㈈ົάືᨭฟ

ᆅ᪉മ➼ൾ㑏ᨭฟ

ࡑࡢ௚ࡢᨭฟ

㈈ົάື཰ධ

ᆅ᪉മ➼Ⓨ⾜཰ධ

ࡑࡢ௚ࡢ཰ධ

㈈ົάື཰ᨭ

ᮏᖺᗘ㈨㔠཰ᨭ㢠

๓ᖺᗘᮎ㈨㔠ṧ㧗

ẚ౛㐃⤖๭ྜኚ᭦࡟క࠺ᕪ㢠

ᮏᖺᗘᮎ㈨㔠ṧ㧗

๓ᖺᗘᮎṓィእ⌧㔠ṧ㧗

ᮏᖺᗘṓィእ⌧㔠ቑῶ㢠

ᮏᖺᗘᮎṓィእ⌧㔠ṧ㧗

ᮏᖺᗘᮎ⌧㔠㡸㔠ṧ㧗

ฟ඾㸸⥲ົ┬ࠕ⤫୍ⓗ࡞ᇶ‽࡟ࡼࡿ㈈ົ᭩㢮࡟㛵ࡍࡿ᝟ሗ㸦ヲ⣽㸧 ࠖᖹᡂ ᖺᗘࠊᖹᡂ ᖺᗘࡼࡾ➹⪅సᡂࠋ

㸲㸬㈈ົᣦᶆࡢ⟬ฟ 㸲㸫㸯㸬ศᯒࢹ࣮ࢱ

ࡇࡇ࡛ࡣࠊ⥲ົ┬࣮࣒࣮࣍࣌ࢪ࠿ࡽ࢚ࢡࢭ࣭ࣝࣇ࢓࢖ࣝᙧᘧ୍࡛ᣓࢲ࣮࢘ࣥࣟࢻࡀྍ⬟࡞ ᖺᗘ

∧㈈ົ᭩㢮ࡢࢹ࣮ࢱࢆ⏝࠸࡚ྛᕷࡢ㈈ົᣦᶆࢆ⟬ฟࡍࡿࠋ⟬ฟࡍࡿ㈈ົᣦᶆࡣࠊ:DQJHWDO㸦㸧ࡢ

㈈ົᣦᶆ͆:DQJ'HQQLVDQG7X̓V6ROYHQF\7HVW͇ࡢ ࡢ㈈ົᣦᶆ࡛࠶ࡿࠋ㈈ົᣦᶆࡢ⟬ฟ᪉ἲ࡟

ࡘ࠸࡚ࡣࠊ㸲㸫㸰㸬࡛♧ࡍࠋ࡞࠾ࠊྠࢹ࣮ࢱෆ୍࡛⯡఍ィ➼㈈ົ᭩㢮ࡔࡅ࡛ࡣ࡞ࡃ㐃⤖㈈ົ᭩㢮ࡢࢹ࣮

ࢱࡶᩚഛ࡛ࡁ࡚࠸ࡿ ᕷࢆᑐ㇟࡜ࡋࡓࠋ

㸲㸫㸰㸬㈈ົᣦᶆࡢ⟬ฟ᪉ἲ࡜⟬ฟࡋࡓྛᕷࡢ㈈ົᣦᶆ

:DQJHWDO㸦㸧ࡢ㈈ົᣦᶆ͆:DQJ'HQQLVDQG7X̓V6ROYHQF\7HVW͇ࡣࠊከࡃࡢඛ⾜◊✲࡛

⏝࠸ࡽࢀ࡚࠸ࡿࠋྛ㈈ົᣦᶆࡢ⟬ᐃᘧࡣḟࡢ㏻ࡾ࡛࠶ࡿࠋ⟬ᐃᘧ୰ࡢ຺ᐃ⛉┠ࡣࠊ⥲ົ┬㸦㸧ࠕ⤫୍

ⓗ࡞ᇶ‽࡟ࡼࡿᆅ᪉බ఍ィ࣐ࢽࣗ࢔ࣝࠖࡢ㏻ࡾ࡛࠶ࡿࠋ࡞࠾ࠊ⟬ᐃᘧ୰ࡢࠕேཱྀࠖࡣࠊ⥲ົ┬ࠕᖹᡂ ᖺఫẸᇶᮏྎᖒ࡟ᇶ࡙ࡃேཱྀࠊேཱྀືែཬࡧୡᖏᩘࠖ࠿ࡽ⏝࠸ࡓࠋࡲࡓࠊ⟬ฟࡋࡓྛᕷࡢ㈈ົᣦᶆ࡟ࡘ

࠸࡚ࠊ㈈ົᣦᶆࡈ࡜࡟ୖ఩ ఩ࡲ࡛ࢆ⾲ ࠿ࡽ⾲ ࡛♧ࡋࡓࠋ

⟬ฟࡢ⤖ᯝࢆ♧ࡋࡓୖ఩ ఩ࡢࣛࣥ࢟ࣥࢢ࠿ࡽࡣࠊ㟈⅏ࡢᙳ㡪ࢆཷࡅࡓ⮬἞యࡸཎᏊຊⓎ㟁ᡤࡀ❧

ᆅࡍࡿ⮬἞యࡀࠊୖ఩ ఩௨ෆ࡟ධࡗ࡚࠸ࡿࡇ࡜ࡀከࡃぢཷࡅࡽࢀࡿࠋࡲࡓࠊࡇࡇ࡛ࡣ඲࡚ࡢ⮬἞య ࡢ㈈ົᣦᶆࢆᥖ㍕ࡋ࡚࠸࡞࠸ࡀࠊFDVKUDWLR ࡜ TXLFNUDWLRࠊRSHUDWLQJUDWLRࠊORQJWHUPOLDELOLW\

SHUFDSLWD ࡞࡝࡛ࠕ୍⯡఍ィ➼㈈ົ᭩㢮ࠖࡼࡾࡶࠕ㐃⤖㈈ົ᭩㢮ࠖࡢ᪉ࡀࠊࡤࡽࡘࡁࡀ኱ࡁࡃ࡞ࡿഴྥ

ࡶ࠺࠿ࡀ࠼ࡓࠋࡇࡢഴྥ࠿ࡽࡣࠊࠕ୍⯡఍ィ➼㈈ົ᭩㢮ࠖ࡟ྵࡲࢀ࡚࠾ࡽࡎࠊࠕ㐃⤖㈈ົ᭩㢮ࠖ࡟ྵࡲࢀ

࡚࠸ࡿࠊᆅ᪉බႠ஦ᴗ఍ィࠊ୍㒊஦ົ⤌ྜࠊᗈᇦ㐃ྜࠊᆅ᪉⊂❧⾜ᨻἲேࠊᆅ᪉୕බ♫ࠊ➨୕ࢭࢡࢱ࣮

➼ࡢ㈈ົ≧ἣࡀࠊ㈈ົᣦᶆࡢࡤࡽࡘࡁࢆ኱ࡁࡃࡍࡿせᅉ࡜࡞ࡗ࡚࠸ࡿࡇ࡜ࡀࢃ࠿ࡿࠋ

7KHFDVKUDWLR &DVK&DVK(TXLYDOHQWV,QYHVWPHQWV&XUUHQWOLDELOLWLHV ⌧㔠㡸㔠ὶື㈇മ

⌧㔠㡸㔠㸸㈚೉ᑐ↷⾲࣭㈨⏘ࡢ㒊࣭ὶື㈨⏘

ὶື㈇മ㸸㈚೉ᑐ↷⾲࣭㈇മࡢ㒊

⾲ &DVKUDWLRୖ఩ ᅋయ

୍⯡఍ィ➼㈈ົ᭩㢮 㐃⤖㈈ົ᭩㢮

ᒾᡭ┴ 㝣๓㧗⏣ᕷ ឡ▱┴ ᑠ∾ᕷ

㧗▱┴ ᅵబᕷ ᇸ⋢┴ ᪂ᗙᕷ

኱㜰ᗓ ᯽ཎᕷ ᒾᡭ┴ 㔩▼ᕷ

ᐑᇛ┴ ྡྲྀᕷ ᐑᇛ┴ ྡྲྀᕷ

ᒾᡭ┴ 㔩▼ᕷ ᐑᇛ┴ ▼ᕳᕷ

ᐑᇛ┴ ▼ᕳᕷ ᒾᡭ┴ 㝣๓㧗⏣ᕷ

ᐑᇛ┴ ᮾᯇᓥᕷ 㤶ᕝ┴ ୸டᕷ

ᒾᡭ┴ ኱⯪Ώᕷ ឡ▱┴ ส㇂ᕷ

ឡ▱┴ ส㇂ᕷ ᒾᡭ┴ ኱⯪Ώᕷ

ឡ▱┴ ࡳࡼࡋᕷ ឡ▱┴ ࡳࡼࡋᕷ

༓ⴥ┴ ᮌ᭦ὠᕷ ⚟ᒸ┴ ⟃ᚋᕷ

⚄ዉᕝ┴ ⥤℩ᕷ ᇸ⋢┴ ᪥㧗ᕷ

బ㈡┴ ከஂᕷ ᪂₲┴ ᮧୖᕷ

ᒾᡭ┴ ᐑྂᕷ ኱㜰ᗓ ⟪㠃ᕷ

ᇸ⋢┴ ῝㇂ᕷ 㛗㔝┴ ᒸ㇂ᕷ

ឡ▱┴ Ᏻᇛᕷ 㟼ᒸ┴ ᚚ๓ᓮᕷ

኱㜰ᗓ ⟪㠃ᕷ ༓ⴥ┴ ᅄ⾤㐨ᕷ

ឡ▱┴ ᮾᾏᕷ ឡ▱┴ ኱ᗓᕷ

Ⲉᇛ┴ ⚄ᰨᕷ Ⲉᇛ┴ ⚄ᰨᕷ

ᮾி㒔 ⚟⏕ᕷ ឡ▱┴ Ᏻᇛᕷ

⇃ᮏ┴ 㜿⸽ᕷ ༓ⴥ┴ ኱⥙ⓑ㔛ᕷ

Ⲉᇛ┴ ₻᮶ᕷ ᇸ⋢┴ ᮾᯇᒣᕷ

ឡ▱┴ ᑠ∾ᕷ ᒣཱྀ┴ ගᕷ

ឡ▱┴ ኱ᗓᕷ 㟼ᒸ┴ ᚚẊሙᕷ

㟼ᒸ┴ ᚚ๓ᓮᕷ ឡ▱┴ ᪥㐍ᕷ

᪂₲┴ ጁ㧗ᕷ ᰣᮌ┴ 㮵἟ᕷ

ᒱ㜧┴ ᮏᕢᕷ ༓ⴥ┴ ໳⍰ᕷ

ᇸ⋢┴ ᖾᡭᕷ ឡ▱┴ 㧗὾ᕷ

ឡ▱┴ 㛗ஂᡭᕷ Ⲉᇛ┴ Ᏺ㇂ᕷ

༓ⴥ┴ ༳すᕷ ࿴ḷᒣ┴ ᒾฟᕷ

Ⲉᇛ┴ 㖝⏣ᕷ ༓ⴥ┴ ᒣṊᕷ

ᮾி㒔 ᮾ኱࿴ᕷ ༓ⴥ┴ ᪫ᕷ

୕㔜┴ ࠸࡞࡭ᕷ ឡ▱┴ ᒾ಴ᕷ

⩌㤿┴ ࡳ࡝ࡾᕷ 㟼ᒸ┴ †すᕷ

ឡ▱┴ ᪥㐍ᕷ ឡ▱┴ 㛗ஂᡭᕷ

ឡ▱┴ 㧗὾ᕷ ༓ⴥ┴ బ಴ᕷ

⚄ዉᕝ┴ ㏸Ꮚᕷ ឡ፾┴ ఀணᕷ

ᇸ⋢┴ ᮏᗉᕷ 㤶ᕝ┴ ᆏฟᕷ

ឡ▱┴ ㇏᫂ᕷ ᐑᓮ┴ ࠼ࡧࡢᕷ

ᇸ⋢┴ ᡞ⏣ᕷ ᇸ⋢┴ ᚿᮌᕷ

ᇸ⋢┴ ຍ㡲ᕷ ᒱ㜧┴ ⨾⃰ᕷ

ᇸ⋢┴ ඵ₻ᕷ ி㒔ᗓ ி⏣㎶ᕷ

ᒱ㜧┴ ⨾⃰ຍⱱᕷ ᇸ⋢┴ ᖾᡭᕷ

⁠㈡┴ 㧗ᓥᕷ ᇸ⋢┴ ᆏᡞᕷ

ᒣᙧ┴ ኳ❺ᕷ 㤶ᕝ┴ ୕㇏ᕷ

ឡ▱┴ ᒾ಴ᕷ ឡ፾┴ ᮾ ᕷ

ᇸ⋢┴ ᚿᮌᕷ ⇃ᮏ┴ ⋢ྡᕷ

ᇸ⋢┴ ஂ႐ᕷ ி㒔ᗓ ᮌὠᕝᕷ

⩌㤿┴ 㤋ᯘᕷ ୕㔜┴ ࠸࡞࡭ᕷ

Ἀ⦖┴ ྡㆤᕷ ᪂₲┴ ጁ㧗ᕷ

ฟ඾㸸⥲ົ┬ࠕ⤫୍ⓗ࡞ᇶ‽࡟ࡼࡿ㈈ົ᭩㢮࡟㛵ࡍࡿ᝟ሗ㸦ヲ⣽㸧 ࠖᖹᡂ ᖺᗘࠊᖹᡂ ᖺᗘࡼࡾ➹⪅సᡂࠋ

7KH TXLFN UDWLR &DVK &DVK (TXLYDOHQWV ,QYHVWPHQWV 5HFHLYDEOHV &XUUHQW OLDELOLWLHV

㸦⌧㔠㡸㔠㸩ᮍ཰㔠㸧ὶື㈇മ

⌧㔠㡸㔠㸸㈚೉ᑐ↷⾲࣭㈨⏘ࡢ㒊࣭ὶື㈨⏘

ᮍ཰㔠㸸㈚೉ᑐ↷⾲࣭㈨⏘ࡢ㒊࣭ὶື㈨⏘

ὶື㈇മ㸸㈚೉ᑐ↷⾲࣭㈇മࡢ㒊

⾲ 4XLFNUDWLR ୖ఩ ᅋయ

୍⯡఍ィ➼㈈ົ᭩㢮 㐃⤖㈈ົ᭩㢮

ᒾᡭ┴ 㝣๓㧗⏣ᕷ ឡ▱┴ ᑠ∾ᕷ

㧗▱┴ ᅵబᕷ ᇸ⋢┴ ᪂ᗙᕷ

኱㜰ᗓ ᯽ཎᕷ ᒾᡭ┴ 㔩▼ᕷ

ᐑᇛ┴ ྡྲྀᕷ ᐑᇛ┴ ▼ᕳᕷ

ᒾᡭ┴ 㔩▼ᕷ ᐑᇛ┴ ྡྲྀᕷ

ᐑᇛ┴ ᮾᯇᓥᕷ ᒾᡭ┴ 㝣๓㧗⏣ᕷ

ᐑᇛ┴ ▼ᕳᕷ 㤶ᕝ┴ ୸டᕷ

ᒾᡭ┴ ኱⯪Ώᕷ ឡ▱┴ ࡳࡼࡋᕷ

༓ⴥ┴ ᮌ᭦ὠᕷ ⚟ᒸ┴ ⟃ᚋᕷ

ឡ▱┴ ส㇂ᕷ 㟼ᒸ┴ ᚚ๓ᓮᕷ

ឡ▱┴ ࡳࡼࡋᕷ ឡ▱┴ ส㇂ᕷ

⚄ዉᕝ┴ ⥤℩ᕷ ᒾᡭ┴ ኱⯪Ώᕷ

బ㈡┴ ከஂᕷ ኱㜰ᗓ ⟪㠃ᕷ

ᒾᡭ┴ ᐑྂᕷ ༓ⴥ┴ ኱⥙ⓑ㔛ᕷ

ឡ▱┴ ᮾᾏᕷ Ⲉᇛ┴ ⚄ᰨᕷ

ឡ▱┴ Ᏻᇛᕷ ᇸ⋢┴ ᪥㧗ᕷ

኱㜰ᗓ ⟪㠃ᕷ ༓ⴥ┴ ᪫ᕷ

ᇸ⋢┴ ῝㇂ᕷ 㛗㔝┴ ᒸ㇂ᕷ

⚟ᓥ┴ ᮏᐑᕷ ᪂₲┴ ᮧୖᕷ

᪂₲┴ ጁ㧗ᕷ ༓ⴥ┴ ᅄ⾤㐨ᕷ

ឡ▱┴ ᑠ∾ᕷ ឡ▱┴ ኱ᗓᕷ

ᮾி㒔 ⚟⏕ᕷ ᒣཱྀ┴ ගᕷ

Ⲉᇛ┴ ⚄ᰨᕷ ༓ⴥ┴ ᒣṊᕷ

⇃ᮏ┴ 㜿⸽ᕷ ᇸ⋢┴ ᮾᯇᒣᕷ

㟼ᒸ┴ ᚚ๓ᓮᕷ ࿴ḷᒣ┴ ᒾฟᕷ

Ⲉᇛ┴ ₻᮶ᕷ ༓ⴥ┴ బ಴ᕷ

ᐑᓮ┴ す㒔ᕷ ༓ⴥ┴ ໳⍰ᕷ

ឡ▱┴ ኱ᗓᕷ ᰣᮌ┴ 㮵἟ᕷ

㛗㔝┴ ᮾᚚᕷ ឡ▱┴ ᪥㐍ᕷ

ᇸ⋢┴ ඵ₻ᕷ ឡ▱┴ Ᏻᇛᕷ

ᮾி㒔 ᮾ኱࿴ᕷ ឡ▱┴ 㧗὾ᕷ

ᒱ㜧┴ ᮏᕢᕷ ᮾி㒔 ⚟⏕ᕷ

༓ⴥ┴ ༳すᕷ 㟼ᒸ┴ ᚚẊሙᕷ

ᇸ⋢┴ ᖾᡭᕷ 㤶ᕝ┴ ᆏฟᕷ

ឡ▱┴ 㛗ஂᡭᕷ ᇸ⋢┴ ⲡຍᕷ

Ⲉᇛ┴ 㖝⏣ᕷ ឡ▱┴ ⵦ㒆ᕷ

୕㔜┴ ࠸࡞࡭ᕷ ᐑᓮ┴ ࠼ࡧࡢᕷ

ឡ▱┴ 㧗὾ᕷ Ⲉᇛ┴ Ᏺ㇂ᕷ

ឡ▱┴ ᪥㐍ᕷ ி㒔ᗓ ᮌὠᕝᕷ

⩌㤿┴ ࡳ࡝ࡾᕷ ឡ▱┴ 㛗ஂᡭᕷ

ឡ፾┴ す᮲ᕷ ᒱ㜧┴ ⨾⃰ᕷ

༓ⴥ┴ ኱⥙ⓑ㔛ᕷ ឡ▱┴ ᒾ಴ᕷ

Ἀ⦖┴ ྡㆤᕷ 㟼ᒸ┴ †すᕷ

ᇸ⋢┴ ᡞ⏣ᕷ ⚄ዉᕝ┴ ⥤℩ᕷ

ឡ▱┴ ㇏᫂ᕷ ᇸ⋢┴ ᚿᮌᕷ

༓ⴥ┴ ᒣṊᕷ ⇃ᮏ┴ ⋢ྡᕷ

ᇸ⋢┴ ᮏᗉᕷ 㤶ᕝ┴ ୕㇏ᕷ

ᇸ⋢┴ ᪥㧗ᕷ ឡ፾┴ ఀணᕷ

⚄ዉᕝ┴ ㏸Ꮚᕷ ᇸ⋢┴ ᆏᡞᕷ

ᒱ㜧┴ ⨾⃰ຍⱱᕷ ༓ⴥ┴ ⿇ࢣᾆᕷ

ฟ඾㸸⥲ົ┬ࠕ⤫୍ⓗ࡞ᇶ‽࡟ࡼࡿ㈈ົ᭩㢮࡟㛵ࡍࡿ᝟ሗ㸦ヲ⣽㸧 ࠖᖹᡂ ᖺᗘࠊᖹᡂ ᖺᗘࡼࡾ➹⪅సᡂࠋ

7KHFXUUHQWUDWLR &XUUHQWDVVHWV&XUUHQWOLDELOLWLHV ὶື㈨⏘ὶື㈇മ

ὶື㈨⏘㸸㈚೉ᑐ↷⾲࣭㈨⏘ࡢ㒊 ὶື㈇മ㸸㈚೉ᑐ↷⾲࣭㈇മࡢ㒊

⾲ &XUUHQWUDWLRୖ఩ ᅋయ

୍⯡఍ィ➼㈈ົ᭩㢮 㐃⤖㈈ົ᭩㢮

㧗▱┴ ᅵబᕷ 㟼ᒸ┴ ᚚ๓ᓮᕷ

ᒾᡭ┴ 㝣๓㧗⏣ᕷ ᒾᡭ┴ 㝣๓㧗⏣ᕷ

኱㜰ᗓ ᯽ཎᕷ ⩌㤿┴ ࡳ࡝ࡾᕷ

㟼ᒸ┴ ᚚ๓ᓮᕷ ឡ▱┴ ᑠ∾ᕷ

୕㔜┴ ࠸࡞࡭ᕷ ឡ▱┴ ࡳࡼࡋᕷ

ᐑᇛ┴ ᮾᯇᓥᕷ ᐑᓮ┴ ࠼ࡧࡢᕷ

ᒾᡭ┴ 㔩▼ᕷ 㧗▱┴ ᅵబᕷ

ឡ▱┴ ࡳࡼࡋᕷ ᒾᡭ┴ 㔩▼ᕷ

ᐑᇛ┴ ྡྲྀᕷ 㛗ᓮ┴ 㞼௝ᕷ

⩌㤿┴ ࡳ࡝ࡾᕷ ୕㔜┴ ࠸࡞࡭ᕷ

༓ⴥ┴ ᮌ᭦ὠᕷ ᒾᡭ┴ ኱⯪Ώᕷ

ᒾᡭ┴ ኱⯪Ώᕷ ឡ▱┴ ኱ᗓᕷ

㛗ᓮ┴ 㞼௝ᕷ ᒸᒣ┴ ㉥☬ᕷ

ᚨᓥ┴ 㜿༡ᕷ ᚨᓥ┴ 㜿༡ᕷ

༓ⴥ┴ 㤶ྲྀᕷ ᒸᒣ┴ ὸཱྀᕷ

ឡ▱┴ ส㇂ᕷ ᒱ㜧┴ 㧗ᒣᕷ

ᐑᓮ┴ ࠼ࡧࡢᕷ 㤶ᕝ┴ ୕㇏ᕷ

ᒾᡭ┴ ᐑྂᕷ ᇸ⋢┴ ᪂ᗙᕷ

⚟ᒸ┴ ࡳࡸࡲᕷ ឡ▱┴ ឡすᕷ

ឡ▱┴ ኱ᗓᕷ ᒸᒣ┴ ஭ཎᕷ

㤶ᕝ┴ ୕㇏ᕷ ᐑᇛ┴ ྡྲྀᕷ

ᒸᒣ┴ ὸཱྀᕷ 㟼ᒸ┴ ఀ㇋ᕷ

ᒱ㜧┴ ⨾⃰ᕷ ឡ▱┴ ส㇂ᕷ

ᒱ㜧┴ 㧗ᒣᕷ ⛅⏣┴ ⬟௦ᕷ

బ㈡┴ ከஂᕷ ᐑᇛ┴ ▼ᕳᕷ

ᐑᇛ┴ ▼ᕳᕷ ༓ⴥ┴ ༳すᕷ

ᇸ⋢┴ ῝㇂ᕷ ༓ⴥ┴ ᒣṊᕷ

⚄ዉᕝ┴ ⥤℩ᕷ ⚟ᒸ┴ ⟃ᚋᕷ

㟼ᒸ┴ ఀ㇋ᕷ ༓ⴥ┴ బ಴ᕷ

ᒱ㜧┴ ᮏᕢᕷ ᚨᓥ┴ ୕ዲᕷ

㮵ඣᓥ┴ ฟỈᕷ 㤶ᕝ┴ ୸டᕷ

ឡ▱┴ ឡすᕷ Ⲉᇛ┴ ᆏᮾᕷ

༓ⴥ┴ ⿇ࢣᾆᕷ Ⲉᇛ┴ ➟㛫ᕷ

⚟ᒸ┴ ࠺ࡁࡣᕷ ឡ፾┴ ᮾ ᕷ

Ἀ⦖┴ ༡ᇛᕷ ᚨᓥ┴ 㜿Ἴᕷ

ᒸᒣ┴ ஭ཎᕷ ⚄ዉᕝ┴ ⥤℩ᕷ

᪂₲┴ ጁ㧗ᕷ ᒾᡭ┴ ᐑྂᕷ

ᐑᇛ┴ ᰩཎᕷ ༓ⴥ┴ ໳⍰ᕷ

ឡ▱┴ ᑠ∾ᕷ 㟼ᒸ┴ ఀ㇋ࡢᅜᕷ

኱㜰ᗓ ⟪㠃ᕷ ኱㜰ᗓ ᦤὠᕷ

ᮾி㒔 ⚟⏕ᕷ ⚟ᒸ┴ ࡳࡸࡲᕷ

༓ⴥ┴ ᒣṊᕷ Ⲉᇛ┴ ⚄ᰨᕷ

ឡ▱┴ ᮾᾏᕷ ኱㜰ᗓ ஺㔝ᕷ

ᚨᓥ┴ ୕ዲᕷ ༓ⴥ┴ 㤶ྲྀᕷ

⚟ᒸ┴ ᐑⱝᕷ ᒱ㜧┴ ⍞✑ᕷ

ᒸᒣ┴ ㉥☬ᕷ ᇸ⋢┴ ᆏᡞᕷ

༓ⴥ┴ ༳すᕷ ⚟ᓥ┴ ႐ከ᪉ᕷ

኱㜰ᗓ ᦤὠᕷ ᚨᓥ┴ ྜྷ㔝ᕝᕷ

Ⲉᇛ┴ 㖝⏣ᕷ ᪂₲┴ ᮧୖᕷ

⚟ᒸ┴ ඵዪᕷ ᒱ㜧┴ ᮏᕢᕷ

ฟ඾㸸⥲ົ┬ࠕ⤫୍ⓗ࡞ᇶ‽࡟ࡼࡿ㈈ົ᭩㢮࡟㛵ࡍࡿ᝟ሗ㸦ヲ⣽㸧 ࠖᖹᡂ ᖺᗘࠊᖹᡂ ᖺᗘࡼࡾ➹⪅సᡂࠋ

7KHRSHUDWLQJUDWLR 7RWDOUHYHQXHV7RWDOH[SHQVHV

㸦ᴗົ཰ධ㸩⮫᫬཰ධ㸩ᢞ㈨άື཰ධ㸩㈈ົάື཰ධ㸩๓ᖺᗘᮎ㈨㔠ṧ㧗㸧㸦ᴗົᨭฟ㸩⮫᫬ᨭ ฟ㸩ᢞ㈨άືᨭฟ㸩㈈ົάືᨭฟ㸧

ᴗົ཰ධࠊᴗົᨭฟ㸸㈨㔠཰ᨭィ⟬᭩࣭ᴗົάື཰ᨭ

⮫᫬཰ධࠊ⮫᫬ᨭฟ㸸㈨㔠཰ᨭィ⟬᭩࣭ᴗົάື཰ᨭ

ᢞ㈨άື཰ධࠊᢞ㈨άືᨭฟ㸸㈨㔠཰ᨭィ⟬᭩࣭ᢞ㈨άື཰ᨭ

㈈ົάື཰ධࠊ㈈ົάືᨭฟ㸸㈨㔠཰ᨭィ⟬᭩࣭㈈ົάື཰ᨭ ๓ᖺᗘᮎᇶ㔠ṧ㧗㸸㈨㔠཰ᨭィ⟬᭩

⾲ 2SHUDWLQJUDWLRୖ఩ ᅋయ

୍⯡఍ィ➼㈈ົ᭩㢮 㐃⤖㈈ົ᭩㢮

ᐑᇛ┴ ▼ᕳᕷ ឡ▱┴ ᑠ∾ᕷ

ᐑᇛ┴ ྡྲྀᕷ ᐑᇛ┴ ྡྲྀᕷ

బ㈡┴ ከஂᕷ ᐑᇛ┴ ▼ᕳᕷ

ᒾᡭ┴ 㔩▼ᕷ Ⲉᇛ┴ Ᏺ㇂ᕷ

⚄ዉᕝ┴ ㏸Ꮚᕷ ༓ⴥ┴ ᪫ᕷ

ឡ▱┴ ส㇂ᕷ ឡ▱┴ ส㇂ᕷ

Ⲉᇛ┴ ₻᮶ᕷ ⁠㈡┴ ⡿ཎᕷ

⇃ᮏ┴ ᒣ㮵ᕷ ⚟ᒸ┴ ⟃ᚋᕷ

᪂₲┴ ጁ㧗ᕷ ⇃ᮏ┴ Ỉಛᕷ

Ⲉᇛ┴ 㖝⏣ᕷ ᪂₲┴ ጁ㧗ᕷ

ឡ▱┴ ࡳࡼࡋᕷ ᒣཱྀ┴ ගᕷ

ᐑᇛ┴ ᮾᯇᓥᕷ ᒾᡭ┴ 㔩▼ᕷ

ᒱ㜧┴ ᮏᕢᕷ 㛗㔝┴ ᑠㅖᕷ

ᒾᡭ┴ ኱⯪Ώᕷ ᒱ㜧┴ ⨾⃰ᕷ

ᇸ⋢┴ ᮏᗉᕷ ▼ᕝ┴ ⌔Ὢᕷ

༓ⴥ┴ ༳すᕷ ༓ⴥ┴ ᒣṊᕷ

⇃ᮏ┴ 㜿⸽ᕷ රᗜ┴ ୹Ἴᕷ

ឡ▱┴ ⵦ㒆ᕷ ឡ▱┴ ℩ᡞᕷ

ᇸ⋢┴ ῝㇂ᕷ ⩌㤿┴ ⸨ᒸᕷ

࿴ḷᒣ┴ ᭷⏣ᕷ රᗜ┴ ຍᮾᕷ

኱ศ┴ ㇏ᚋ኱㔝ᕷ ዉⰋ┴ 㤶Ⱚᕷ

㤶ᕝ┴ ᮾ࠿ࡀࢃᕷ ᪂₲┴ ᑠ༓㇂ᕷ

ᇸ⋢┴ ஂ႐ᕷ ᒱ㜧┴ ⨾⃰ຍⱱᕷ

⇃ᮏ┴ Ᏹᇛᕷ ⚟ᒸ┴ ᫓᪥ᕷ

኱ศ┴ ⏤ᕸᕷ ឡ▱┴ ࡳࡼࡋᕷ

⩌㤿┴ ࡳ࡝ࡾᕷ ᰣᮌ┴ 㮵἟ᕷ

ᒾᡭ┴ ᐑྂᕷ ᇸ⋢┴ ⛛∗ᕷ

ᇸ⋢┴ ᖾᡭᕷ ឡ፾┴ ᮾ ᕷ

Ⲉᇛ┴ ⚄ᰨᕷ 㤶ᕝ┴ ୸டᕷ

ᇸ⋢┴ ຍ㡲ᕷ 㤶ᕝ┴ ᆏฟᕷ

ᒣᙧ┴ ኳ❺ᕷ ி㒔ᗓ ி⏣㎶ᕷ

ᇸ⋢┴ ୕㒓ᕷ ༓ⴥ┴ ໳⍰ᕷ

ᒱ㜧┴ ⨾⃰ຍⱱᕷ ⁠㈡┴ ⏥㈡ᕷ

⁠㈡┴ ᮾ㏆Ụᕷ ༓ⴥ┴ ኱⥙ⓑ㔛ᕷ

㛗ᓮ┴ ༡ᓥཎᕷ Ⲉᇛ┴ ₻᮶ᕷ

ᒱ㜧┴ ྛົཎᕷ ୕㔜┴ ᅄ᪥ᕷᕷ

኱㜰ᗓ ⟪㠃ᕷ ⇃ᮏ┴ ⋢ྡᕷ

Ⲉᇛ┴ ໭Ⲉᇛᕷ ᇸ⋢┴ ᪥㧗ᕷ

රᗜ┴ ୹Ἴᕷ 㟼ᒸ┴ ᚚẊሙᕷ

᪂₲┴ ⣒㨶ᕝᕷ ▼ᕝ┴ ⩚࿳ᕷ

ᰣᮌ┴ ▮ᯈᕷ ᒸᒣ┴ ⨾సᕷ

༓ⴥ┴ 㤶ྲྀᕷ ୕㔜┴ ࠸࡞࡭ᕷ

Ⲉᇛ┴ ᖖ㝣኱ᐑᕷ ி㒔ᗓ ᮌὠᕝᕷ

ᇸ⋢┴ ᚿᮌᕷ ⁠㈡┴ ኱ὠᕷ

㟼ᒸ┴ ఀ㇋ᕷ ኱㜰ᗓ ⟪㠃ᕷ

⩌㤿┴ 㤋ᯘᕷ ༓ⴥ┴ ὶᒣᕷ

ឡ▱┴ ㇏᫂ᕷ ᇸ⋢┴ ῝㇂ᕷ

ᐩᒣ┴ ⁥ᕝᕷ ᗈᓥ┴ ኱➉ᕷ

ឡ▱┴ Ᏻᇛᕷ ឡ▱┴ ✄ἑᕷ

ᇸ⋢┴ ᡞ⏣ᕷ ᇸ⋢┴ ᖾᡭᕷ

ฟ඾㸸⥲ົ┬ࠕ⤫୍ⓗ࡞ᇶ‽࡟ࡼࡿ㈈ົ᭩㢮࡟㛵ࡍࡿ᝟ሗ㸦ヲ⣽㸧 ࠖᖹᡂ ᖺᗘࠊᖹᡂ ᖺᗘࡼࡾ➹⪅సᡂࠋ

6XUSOXVGHILFLWSHUFDSLWD 7RWDOVXUSOXVHVGHILFLWV3RSXODWLRQ ᮏᖺᗘ⣧㈨⏘ኚື㢠ேཱྀ

ᮏᖺᗘ⣧㈨⏘ኚື㢠㸸⣧㈨⏘ኚືィ⟬᭩

⾲ 6XUSOXVSHUFDSLWDୖ఩ ᅋయ

୍⯡఍ィ➼㈈ົ᭩㢮 㐃⤖㈈ົ᭩㢮

ᒾᡭ┴ 㝣๓㧗⏣ᕷ ᒾᡭ┴ 㝣๓㧗⏣ᕷ

㮵ඣᓥ┴ ᆶỈᕷ ⇃ᮏ┴ ᒣ㮵ᕷ

໭ᾏ㐨 ᜨᗞᕷ 㮵ඣᓥ┴ ᆶỈᕷ

ᐑᇛ┴ ▼ᕳᕷ ໭ᾏ㐨 ᜨᗞᕷ

࿴ḷᒣ┴ ᶫᮏᕷ ᒸᒣ┴ ⨾సᕷ

⚟ᒸ┴ ᑠ㒆ᕷ ឡ▱┴ ᖖ⁥ᕷ

ᒾᡭ┴ ኱⯪Ώᕷ ⚟ᒸ┴ ᑠ㒆ᕷ

ᒾᡭ┴ 㐲㔝ᕷ ᒾᡭ┴ ኱⯪Ώᕷ

㮵ඣᓥ┴ 㟝ᓥᕷ රᗜ┴ ῐ㊰ᕷ

ዉⰋ┴ ஬ᲄᕷ ᒾᡭ┴ 㐲㔝ᕷ

⚟ᒸ┴ ᮅ಴ᕷ ᗈᓥ┴ ኱➉ᕷ

᪂₲┴ ᯽ᓮᕷ ᐑᇛ┴ ▼ᕳᕷ

ዉⰋ┴ ᚚᡤᕷ 㮵ඣᓥ┴ 㟝ᓥᕷ

ᓥ᰿┴ Ᏻ᮶ᕷ ᚨᓥ┴ ୕ዲᕷ

༓ⴥ┴ ༳すᕷ ⚟ᒸ┴ ᮅ಴ᕷ

㟷᳃┴ ୕ἑᕷ 㛗㔝┴ ᮾᚚᕷ

㛗㔝┴ ᮾᚚᕷ ⚟ᒸ┴ 㣤ሯᕷ

ᐑᇛ┴ ᮾᯇᓥᕷ ᓥ᰿┴ Ᏻ᮶ᕷ

⚟ᒸ┴ 㣤ሯᕷ 㮵ඣᓥ┴ ᚿᕸᚿᕷ

⁠㈡┴ ᮾ㏆Ụᕷ 㛗ᓮ┴ ᑐ㤿ᕷ

ᚨᓥ┴ ⨾㤿ᕷ ༓ⴥ┴ ༳すᕷ

⛅⏣┴ ᶓᡭᕷ ி㒔ᗓ ᐑὠᕷ

ᇸ⋢┴ ῝㇂ᕷ ⛅⏣┴ ᶓᡭᕷ

ி㒔ᗓ ᐑὠᕷ ୕㔜┴ ᅄ᪥ᕷᕷ

㟼ᒸ┴ ᚚẊሙᕷ 㧗▱┴ Ᏻⱁᕷ

㟷᳃┴ ஬ᡤᕝཎᕷ 㟼ᒸ┴ ᚚẊሙᕷ

㧗▱┴ Ᏻⱁᕷ ⇃ᮏ┴ Ỉಛᕷ

㮵ඣᓥ┴ ጸⰋᕷ ᇸ⋢┴ ῝㇂ᕷ

4

:DQJ'HQQLVDQG7X㸦㸧࡛ࡣࠊ ࠕ7RWDOVXUSOXVHVGHILFLWVUHSUHVHQWWKH&KDQJHLQ1HW$VVHWVࠖ࡜ࡉࢀ࡚࠸ࡿࡇ࡜࠿

ࡽࠊ㈚೉ᑐ↷⾲ୖࡢ⣧㈨⏘ࡢ㒊ࡢࠕవ๫ศ㸦୙㊊ศ㸧 ࡛ࠖࡣ࡞ࡃࠊ⣧㈨⏘ኚືィ⟬᭩ࡢᮏᖺᗘ⣧㈨⏘ኚື㢠࡜ࡍࡿࠋ

㛗ᓮ┴ ᑐ㤿ᕷ 㧗▱┴ ᐊᡞᕷ

⚄ዉᕝ┴ ᗙ㛫ᕷ ⚟ᒸ┴ ኱∹⏣ᕷ

㧗▱┴ 㤶⨾ᕷ ⁠㈡┴ ᮾ㏆Ụᕷ

᪂₲┴ 㨶἟ᕷ ᚨᓥ┴ ⨾㤿ᕷ

⇃ᮏ┴ Ỉಛᕷ ᒣ᲍┴ ᒣ᲍ᕷ

ឡ▱┴ ༙⏣ᕷ ⚄ዉᕝ┴ ᗙ㛫ᕷ

ᒣ᲍┴ ᒣ᲍ᕷ 㟷᳃┴ ୕ἑᕷ

༓ⴥ┴ 㤋ᒣᕷ 㟷᳃┴ ஬ᡤᕝཎᕷ

㧗▱┴ ᐊᡞᕷ 㮵ඣᓥ┴ ጸⰋᕷ

ᮾி㒔 ୕㮚ᕷ ໭ᾏ㐨 Ɫᑠ∾ᕷ

රᗜ┴ ῐ㊰ᕷ 㧗▱┴ 㤶⨾ᕷ

బ㈡┴ Ꮀ㔝ᕷ 㛗ᓮ┴ ᯇᾆᕷ

㮵ඣᓥ┴ ༡ࡉࡘࡲᕷ ኱ศ┴ ୰ὠᕷ

ᐑᓮ┴ ᘏᒸᕷ රᗜ┴ ᮅ᮶ᕷ

㛗ᓮ┴ ᯇᾆᕷ ▼ᕝ┴ ⩚࿳ᕷ

රᗜ┴ ᮅ᮶ᕷ ឡ▱┴ Ᏻᇛᕷ

රᗜ┴ ⰱᒇᕷ Ⲉᇛ┴ ᑠ⨾⋢ᕷ

Ⲉᇛ┴ ࠿ࡍࡳࡀ࠺ࡽᕷ ᮾி㒔 ୕㮚ᕷ Ⲉᇛ┴ ᑠ⨾⋢ᕷ 㮵ඣᓥ┴ ༡ࡉࡘࡲᕷ

㛗ᓮ┴ すᾏᕷ රᗜ┴ ຍᮾᕷ

ឡ▱┴ Ᏻᇛᕷ 㛗㔝┴ ༓᭤ᕷ

ឡ▱┴ ᪂ᇛᕷ ዉⰋ┴ ᚚᡤᕷ

ฟ඾㸸⥲ົ┬ࠕ⤫୍ⓗ࡞ᇶ‽࡟ࡼࡿ㈈ົ᭩㢮࡟㛵ࡍࡿ᝟ሗ㸦ヲ⣽㸧 ࠖᖹᡂ ᖺᗘࠊᖹᡂ ᖺᗘࡼࡾ➹⪅సᡂࠋ

1HWDVVHWUDWLR 5HVWULFWHGDQG8QUHVWULFWHGQHWDVVHWV7RWDODVVHWV ⣧㈨⏘ྜィ㈨⏘ྜィ

⣧㈨⏘ྜィ㸸㈚೉ᑐ↷⾲࣭⣧㈨⏘ࡢ㒊

㈨⏘ྜィ㸸㈚೉ᑐ↷⾲㸸㈨⏘ࡢ㒊

⾲ 1HWDVVHWUDWLR ୖ఩ ᅋయ

୍⯡఍ィ➼㈈ົ᭩㢮 㐃⤖㈈ົ᭩㢮

ឡ▱┴ ส㇂ᕷ ᮾி㒔 ⚟⏕ᕷ

㟼ᒸ┴ ᚚ๓ᓮᕷ ឡ▱┴ ࡳࡼࡋᕷ

ᮾி㒔 ⚟⏕ᕷ ឡ▱┴ ส㇂ᕷ

ឡ▱┴ ᑠ∾ᕷ ឡ▱┴ ᑠ∾ᕷ

ឡ▱┴ ࡳࡼࡋᕷ ឡ▱┴ Ᏻᇛᕷ

⛅⏣┴ ࡟࠿࡯ᕷ ᒾᡭ┴ 㝣๓㧗⏣ᕷ

ឡ▱┴ Ᏻᇛᕷ 㟼ᒸ┴ ᚚ๓ᓮᕷ

ᒾᡭ┴ 㝣๓㧗⏣ᕷ 㛗ᓮ┴ 㞼௝ᕷ

୕㔜┴ ᯇ㜰ᕷ ኱ศ┴ ➉⏣ᕷ

ឡ▱┴ 㛗ஂᡭᕷ ༓ⴥ┴ ᕷᕝᕷ

༓ⴥ┴ ᕷᕝᕷ ༓ⴥ┴ ༳すᕷ

㛗ᓮ┴ 㞼௝ᕷ ឡ▱┴ ኱ᗓᕷ

ឡ▱┴ ኱ᗓᕷ ⛅⏣┴ ࡟࠿࡯ᕷ

ឡ▱┴ ㇏⏣ᕷ 㛗ᓮ┴ ༡ᓥཎᕷ

ᗈᓥ┴ ᗉཎᕷ ᮾி㒔 ᗓ୰ᕷ

⚄ዉᕝ┴ ⸨ἑᕷ ᗈᓥ┴ ᗉཎᕷ

ᐑᇛ┴ ᮾᯇᓥᕷ ឡ▱┴ 㛗ஂᡭᕷ

༓ⴥ┴ ༳すᕷ ⚟ᓥ┴ ᮏᐑᕷ

⚟ᓥ┴ ᮏᐑᕷ ឡ▱┴ ᪥㐍ᕷ

༓ⴥ┴ బ಴ᕷ 㟼ᒸ┴ ఀ㇋ᕷ

⚄ዉᕝ┴ ᖹሯᕷ Ἀ⦖┴ ༡ᇛᕷ

ᐑᇛ┴ ྡྲྀᕷ ዉⰋ┴ ⏕㥖ᕷ

ᒱ㜧┴ ᮏᕢᕷ ᮾி㒔 ᑠᖹᕷ

ᇸ⋢┴ ⓑᒸᕷ 㟼ᒸ┴ ఀ㇋ࡢᅜᕷ

Ἀ⦖┴ ༡ᇛᕷ ࿴ḷᒣ┴ ᭷⏣ᕷ

㛗ᓮ┴ ༡ᓥཎᕷ ୕㔜┴ ࠸࡞࡭ᕷ

Ἀ⦖┴ ྡㆤᕷ ༓ⴥ┴ ᐩ㔛ᕷ

ᮾி㒔 ᗓ୰ᕷ Ἀ⦖┴ ྡㆤᕷ

රᗜ┴ ຍᮾᕷ ᐑᓮ┴ す㒔ᕷ

࿴ḷᒣ┴ ᭷⏣ᕷ ᐑᇛ┴ ▼ᕳᕷ

ឡ▱┴ ᪥㐍ᕷ ᒱ㜧┴ ୰ὠᕝᕷ

ᇸ⋢┴ ᡞ⏣ᕷ ⚄ዉᕝ┴ ᾏ⪁ྡᕷ

኱ศ┴ ➉⏣ᕷ ᒣ᲍┴ 㒔␃ᕷ

୕㔜┴ ࠸࡞࡭ᕷ 㛗ᓮ┴ すᾏᕷ

ᒱ㜧┴ ୰ὠᕝᕷ ᮾி㒔 ᅜ❧ᕷ

ᒣཱྀ┴ 㛗㛛ᕷ ⚄ዉᕝ┴ 㙊಴ᕷ

ᐑᇛ┴ ▼ᕳᕷ ⚄ዉᕝ┴ ⥤℩ᕷ

ឡ▱┴ ༙⏣ᕷ ᇸ⋢┴ ୕㒓ᕷ

ᒾᡭ┴ 㔩▼ᕷ ᒱ㜧┴ ᮏᕢᕷ

㟼ᒸ┴ ఀ㇋ᕷ ᮾி㒔 すᮾிᕷ

ᮾி㒔 ᑠᖹᕷ ឡ▱┴ ㇏⏣ᕷ

ዉⰋ┴ ⏕㥖ᕷ ᒱ㜧┴ ⍞✑ᕷ

⚄ዉᕝ┴ ᾏ⪁ྡᕷ ᒸᒣ┴ ┿ᗞᕷ

ᐑᓮ┴ す㒔ᕷ ᪂₲┴ ༑᪥⏫ᕷ

኱㜰ᗓ ⟪㠃ᕷ ༓ⴥ┴ బ಴ᕷ

ᒸᒣ┴ ஭ཎᕷ ឡ▱┴ 㧗὾ᕷ

ᇸ⋢┴ ୕㒓ᕷ ឡ▱┴ ⏣ཎᕷ

Ἀ⦖┴ ▼ᇉᕷ ᒱ㜧┴ 㧗ᒣᕷ

ᒣ᲍┴ 㒔␃ᕷ ᇸ⋢┴ ᡞ⏣ᕷ

㟼ᒸ┴ ఀ㇋ࡢᅜᕷ ᮾி㒔 ୕㮚ᕷ

ฟ඾㸸⥲ົ┬ࠕ⤫୍ⓗ࡞ᇶ‽࡟ࡼࡿ㈈ົ᭩㢮࡟㛵ࡍࡿ᝟ሗ㸦ヲ⣽㸧 ࠖᖹᡂ ᖺᗘࠊᖹᡂ ᖺᗘࡼࡾ➹⪅సᡂࠋ

/RQJWHUPOLDELOLW\UDWLR /RQJWHUPQRQFXUUHQW/LDELOLWLHV7RWDO$VVHWV ᅛᐃ㈇മ㈨⏘ྜィ

ᅛᐃ㈇മ㸸㈚೉ᑐ↷⾲࣭㈇മࡢ㒊

㈨⏘ྜィ㸸㈚೉ᑐ↷⾲࣭㈨⏘ࡢ㒊

⾲ /RQJWHUPOLDELOLW\UDWLR ୖ఩ ᅋయ

୍⯡఍ィ➼㈈ົ᭩㢮 㐃⤖㈈ົ᭩㢮

㟷᳃┴ ஬ᡤᕝཎᕷ ி㒔ᗓ ᐑὠᕷ

ி㒔ᗓ ᐑὠᕷ 㟷᳃┴ ஬ᡤᕝཎᕷ

ி㒔ᗓ ᇛ㝧ᕷ ி㒔ᗓ ᇛ㝧ᕷ

㮵ඣᓥ┴ 㜿ஂ᰿ᕷ ໭ᾏ㐨 ภ㤋ᕷ

኱㜰ᗓ Ἠబ㔝ᕷ ᒾᡭ┴ ஧ᡞᕷ

኱㜰ᗓ 㧗▼ᕷ රᗜ┴ ᏷⢖ᕷ

ᒾᡭ┴ ஧ᡞᕷ ⚟ᒸ┴ ኱∹⏣ᕷ

༓ⴥ┴ 㙊ࢣ㇂ᕷ ኱㜰ᗓ ᯽ཎᕷ

⇃ᮏ┴ Ỉಛᕷ ୕㔜┴ ᱓ྡᕷ

኱㜰ᗓ ⩚᭥㔝ᕷ ⁠㈡┴ †༡ᕷ

࿴ḷᒣ┴ ᾏ༡ᕷ ᐩᒣ┴ 㧗ᒸᕷ

໭ᾏ㐨 ㉥ᖹᕷ ໭ᾏ㐨 ᮐᖠᕷ

᪂₲┴ ஬Ἠᕷ ኱㜰ᗓ Ἠబ㔝ᕷ

⚟ᒸ┴ ኱∹⏣ᕷ ⚟஭┴ ࠶ࢃࡽᕷ

රᗜ┴ ᏷⢖ᕷ ኱㜰ᗓ Ἠ༡ᕷ

໭ᾏ㐨 ภ㤋ᕷ ᪂₲┴ ᪂₲ᕷ

ᒣཱྀ┴ ᒣ㝧ᑠ㔝⏣ᕷ ኱㜰ᗓ ஺㔝ᕷ

኱㜰ᗓ Ἠ༡ᕷ ໭ᾏ㐨 ㉥ᖹᕷ

ᒣᙧ┴ 㛗஭ᕷ ⇃ᮏ┴ ⇃ᮏᕷ

⇃ᮏ┴ ⇃ᮏᕷ 㛗ᓮ┴ ᯇᾆᕷ

࿴ḷᒣ┴ ᪂ᐑᕷ 㛗㔝┴ ኱⏫ᕷ

⚟ᒸ┴ 㣤ሯᕷ ▼ᕝ┴ ⩚࿳ᕷ

ᐩᒣ┴ 㧗ᒸᕷ ࿴ḷᒣ┴ ᾏ༡ᕷ

኱㜰ᗓ 㜰༡ᕷ රᗜ┴ 㧗◁ᕷ

༓ⴥ┴ 㤋ᒣᕷ 㛗ᓮ┴ ኱ᮧᕷ

᪂₲┴ ᪂₲ᕷ 㮵ඣᓥ┴ 㜿ஂ᰿ᕷ

༓ⴥ┴ ኱⥙ⓑ㔛ᕷ ᐩᒣ┴ ᑕỈᕷ

኱㜰ᗓ ஺㔝ᕷ ໭ᾏ㐨 ᕝᕷ

༓ⴥ┴ ᮾ㔠ᕷ ᒸᒣ┴ ᒸᒣᕷ

⇃ᮏ┴ 㜿⸽ᕷ ࿴ḷᒣ┴ ᶫᮏᕷ

㛗ᓮ┴ ᯇᾆᕷ රᗜ┴ す⬥ᕷ

ឡ፾┴ す᮲ᕷ ⚟ᒸ┴ 㣤ሯᕷ

⁠㈡┴ †༡ᕷ ⁠㈡┴ ᰩᮾᕷ

୕㔜┴ ᱓ྡᕷ 㛗㔝┴ ༓᭤ᕷ

࿴ḷᒣ┴ ᶫᮏᕷ ᒣཱྀ┴ ᒣཱྀᕷ

໭ᾏ㐨 ᮐᖠᕷ ி㒔ᗓ ி㒔ᕷ

⁠㈡┴ ᰩᮾᕷ ᓥ᰿┴ Ᏻ᮶ᕷ

㤶ᕝ┴ ほ㡢ᑎᕷ 㫽ྲྀ┴ 㫽ྲྀᕷ

༓ⴥ┴ 㤶ྲྀᕷ ኱㜰ᗓ 㧗▼ᕷ

㟷᳃┴ ඵᡞᕷ ኱㜰ᗓ 㜰༡ᕷ

⚟஭┴ ࠶ࢃࡽᕷ Ⲉᇛ┴ Ỉᡞᕷ

රᗜ┴ ┦⏕ᕷ ໭ᾏ㐨 ໭ぢᕷ

ᒣཱྀ┴ ᒣཱྀᕷ ᒣ᲍┴ ⏥ᗓᕷ

ᐑᇛ┴ Ⓩ⡿ᕷ ዉⰋ┴ ኳ⌮ᕷ

⚟஭┴ ኱㔝ᕷ ▼ᕝ┴ ࠿࡯ࡃᕷ

⁠㈡┴ 㔝Ὢᕷ ዉⰋ┴ ኱࿴㧗⏣ᕷ

㮵ඣᓥ┴ ᯖᓮᕷ ᐩᒣ┴ ᐩᒣᕷ

༓ⴥ┴ ᮌ᭦ὠᕷ රᗜ┴ ┦⏕ᕷ

ᓥ᰿┴ Ᏻ᮶ᕷ ༓ⴥ┴ 㤋ᒣᕷ

኱㜰ᗓ ᯽ཎᕷ ኱㜰ᗓ ᅄᲄ␝ᕷ

ฟ඾㸸⥲ົ┬ࠕ⤫୍ⓗ࡞ᇶ‽࡟ࡼࡿ㈈ົ᭩㢮࡟㛵ࡍࡿ᝟ሗ㸦ヲ⣽㸧 ࠖᖹᡂ ᖺᗘࠊᖹᡂ ᖺᗘࡼࡾ➹⪅సᡂࠋ

/RQJWHUPOLDELOLW\SHUFDSLWD /RQJWHUPQRQFXUUHQW/LDELOLWLHV3RSXODWLRQ ᅛᐃ㈇മேཱྀ

ᅛᐃ㈇മ㸸㈚೉ᑐ↷⾲࣭㈇മࡢ㒊

⾲ /RQJWHUPSHUFDSLWDୖ఩ ᅋయ

୍⯡఍ィ➼㈈ົ᭩㢮 㐃⤖㈈ົ᭩㢮

㛗ᓮ┴ ᑐ㤿ᕷ ᒸᒣ┴ ⨾సᕷ

໭ᾏ㐨 ኈูᕷ ໭ᾏ㐨 ㉥ᖹᕷ

ᚨᓥ┴ ୕ዲᕷ රᗜ┴ ῐ㊰ᕷ

ி㒔ᗓ ᐑὠᕷ ⛅⏣┴ ࡟࠿࡯ᕷ

㟷᳃┴ ࡘࡀࡿᕷ ᪂₲┴ ᯽ᓮᕷ

໭ᾏ㐨 ㉥ᖹᕷ ᪂₲┴ 㨶἟ᕷ

ி㒔ᗓ ி㒔ᕷ ி㒔ᗓ ᐑὠᕷ

ᒸᒣ┴ 㧗ᱱᕷ ໭ᾏ㐨 ኈูᕷ

ᗈᓥ┴ ᗉཎᕷ ᐩᒣ┴ 㯮㒊ᕷ

රᗜ┴ ῐ㊰ᕷ රᗜ┴ す⬥ᕷ

ᗈᓥ┴ Ᏻⱁ㧗⏣ᕷ 㛗ᓮ┴ ᑐ㤿ᕷ

ᓥ᰿┴ ὾⏣ᕷ ி㒔ᗓ ி㒔ᕷ

ᓥ᰿┴ Ụὠᕷ ໭ᾏ㐨 ໭ぢᕷ

ᓥ᰿┴ Ᏻ᮶ᕷ 㛗ᓮ┴ ᯇᾆᕷ

໭ᾏ㐨 ⥙㉮ᕷ ▼ᕝ┴ ࠿࡯ࡃᕷ

ᚨᓥ┴ ⨾㤿ᕷ ໭ᾏ㐨 ྡᐤᕷ

໭ᾏ㐨 ྡᐤᕷ ▼ᕝ┴ ⩚࿳ᕷ

රᗜ┴ ᮅ᮶ᕷ රᗜ┴ ୹Ἴᕷ

ឡ፾┴ すணᕷ ໭ᾏ㐨 ␃ⴌᕷ

㛗ᓮ┴ ᯇᾆᕷ ᓥ᰿┴ Ᏻ᮶ᕷ

㛗ᓮ┴ ኍᒱᕷ ᒣ᲍┴ ኱᭶ᕷ

᪂₲┴ ⣒㨶ᕝᕷ 㛗㔝┴ ኱⏫ᕷ

㛗ᓮ┴ ᖹᡞᕷ ᚨᓥ┴ ୕ዲᕷ

ᓥ᰿┴ 㞼༡ᕷ ⛅⏣┴ ⏨㮵ᕷ

࿴ḷᒣ┴ ᪂ᐑᕷ ᓥ᰿┴ Ụὠᕷ

ᒸᒣ┴ ⨾సᕷ රᗜ┴ ᮅ᮶ᕷ

㟷᳃┴ ஬ᡤᕝཎᕷ ᪂₲┴ ᪂₲ᕷ

ዉⰋ┴ ஬ᲄᕷ රᗜ┴ ຍᮾᕷ

᪂₲┴ ஬Ἠᕷ රᗜ┴ ᏷⢖ᕷ

㛗ᓮ┴ ஬ᓥᕷ 㛗㔝┴ ᮾᚚᕷ

᪂₲┴ 㨶἟ᕷ 㟷᳃┴ ஬ᡤᕝཎᕷ

ዉⰋ┴ Ᏹ㝀ᕷ රᗜ┴ ༡࠶ࢃࡌᕷ

ᓥ᰿┴ ┈⏣ᕷ ዉⰋ┴ ஬ᲄᕷ

኱ศ┴ ㇏ᚋ㧗⏣ᕷ ᪂₲┴ ጁ㧗ᕷ

㮵ඣᓥ┴ ༡ࡉࡘࡲᕷ 㟷᳃┴ ࡘࡀࡿᕷ

㮵ඣᓥ┴ ዆⨾ᕷ ᒣཱྀ┴ ⨾⚇ᕷ

⇃ᮏ┴ Ỉಛᕷ ⚟஭┴ ࠶ࢃࡽᕷ

㧗▱┴ ᐊᡞᕷ ᗈᓥ┴ ኱➉ᕷ

ᗈᓥ┴ ኱➉ᕷ ▼ᕝ┴ ⌔Ὢᕷ

▼ᕝ┴ ⌔Ὢᕷ ᐩᒣ┴ ᑕỈᕷ

໭ᾏ㐨 ໭ぢᕷ ᗈᓥ┴ Ᏻⱁ㧗⏣ᕷ

༓ⴥ┴ ༓ⴥᕷ 㫽ྲྀ┴ 㫽ྲྀᕷ

኱ศ┴ ᯂ⠏ᕷ ໭ᾏ㐨 ⥙㉮ᕷ

㧗▱┴ ᅄ୓༑ᕷ ᒣᙧ┴ 㭯ᒸᕷ

ᒸᒣ┴ ┿ᗞᕷ රᗜ┴ ຍすᕷ

㛗ᓮ┴ すᾏᕷ 㛗ᓮ┴ ᖹᡞᕷ

㮵ඣᓥ┴ ࠸ࡕࡁ୵ᮌ㔝ᕷ ⁠㈡┴ ⏥㈡ᕷ

ᒣ᲍┴ ⏥ᕞᕷ ᓥ᰿┴ ᯇỤᕷ

㮵ඣᓥ┴ ᚿᕸᚿᕷ ᒣཱྀ┴ 㛗㛛ᕷ

᪂₲┴ ༑᪥⏫ᕷ 㛗㔝┴ ༓᭤ᕷ

ฟ඾㸸⥲ົ┬ࠕ⤫୍ⓗ࡞ᇶ‽࡟ࡼࡿ㈈ົ᭩㢮࡟㛵ࡍࡿ᝟ሗ㸦ヲ⣽㸧 ࠖᖹᡂ ᖺᗘࠊᖹᡂ ᖺᗘࡼࡾ➹⪅సᡂࠋ

7D[SHUFDSLWD 7RWDOWD[HVSRSXODWLRQ ⛯཰➼཰ධேཱྀ

⛯཰➼཰ධ㸸㈨㔠཰ᨭィ⟬᭩࣭ᴗົάື཰ᨭ࣭ᴗົ཰ධ

⾲ 7D[SHUFDSLWDୖ఩ ᅋయ

୍⯡఍ィ➼㈈ົ᭩㢮 㐃⤖㈈ົ᭩㢮

ᒾᡭ┴ 㝣๓㧗⏣ᕷ 㛗㔝┴ ᒸ㇂ᕷ

㛗ᓮ┴ ᑐ㤿ᕷ 㧗▱┴ ᅵబᕷ

ᚨᓥ┴ ୕ዲᕷ ᇸ⋢┴ ᪂ᗙᕷ

ᗈᓥ┴ ᗉཎᕷ ᪂₲┴ ᮧୖᕷ

໭ᾏ㐨 ኈูᕷ 㛗ᓮ┴ ᑐ㤿ᕷ

ᒾᡭ┴ 㔩▼ᕷ ᒾᡭ┴ 㝣๓㧗⏣ᕷ

໭ᾏ㐨 ㉥ᖹᕷ ⛅⏣┴ ࡟࠿࡯ᕷ

኱ศ┴ ᅜᮾᕷ 㛗ᓮ┴ ᖹᡞᕷ

ᒸᒣ┴ ⨾సᕷ 㛗ᓮ┴ ஬ᓥᕷ

㛗ᓮ┴ ኍᒱᕷ 㧗▱┴ ᐊᡞᕷ

㛗ᓮ┴ ᖹᡞᕷ ᚨᓥ┴ ୕ዲᕷ

▼ᕝ┴ ⌔Ὢᕷ 㛗ᓮ┴ ኍᒱᕷ

኱ศ┴ ➉⏣ᕷ ⚟஭┴ ࠶ࢃࡽᕷ

㛗ᓮ┴ ஬ᓥᕷ 㛗ᓮ┴ すᾏᕷ

ᓥ᰿┴ 㞼༡ᕷ 㛗ᓮ┴ 㞼௝ᕷ

⇃ᮏ┴ Ỉಛᕷ ໭ᾏ㐨 ㉥ᖹᕷ

㛗ᓮ┴ すᾏᕷ ኱ศ┴ ➉⏣ᕷ

㧗▱┴ ᐊᡞᕷ ▼ᕝ┴ ⌔Ὢᕷ

ᒸᒣ┴ 㧗ᱱᕷ ኱ศ┴ ᅜᮾᕷ

໭ᾏ㐨 ྡᐤᕷ ⛅⏣┴ ⬟௦ᕷ

ᐑᇛ┴ ▼ᕳᕷ ᗈᓥ┴ ᗉཎᕷ

᪂₲┴ 㨶἟ᕷ ᒾᡭ┴ 㔩▼ᕷ

㛗ᓮ┴ ᯇᾆᕷ 㛗ᓮ┴ ᯇᾆᕷ

㮵ඣᓥ┴ ༡ࡉࡘࡲᕷ ໭ᾏ㐨 ኈูᕷ

ᗈᓥ┴ Ᏻⱁ㧗⏣ᕷ ᒸᒣ┴ 㧗ᱱᕷ

රᗜ┴ ᮅ᮶ᕷ 㛗ᓮ┴ ༡ᓥཎᕷ

⛅⏣┴ ௝໭ᕷ ᐑᇛ┴ ᮾᯇᓥᕷ

ᒸᒣ┴ ┿ᗞᕷ ᓥ᰿┴ Ụὠᕷ

༓ⴥ┴ ᒣṊᕷ රᗜ┴ ᮅ᮶ᕷ

኱ศ┴ ㇏ᚋ኱㔝ᕷ 㮵ඣᓥ┴ ᆶỈᕷ

㮵ඣᓥ┴ ᚿᕸᚿᕷ ᗈᓥ┴ Ᏻⱁ㧗⏣ᕷ

㮵ඣᓥ┴ ᆶỈᕷ ⇃ᮏ┴ 㜿⸽ᕷ

ᒾᡭ┴ 㐲㔝ᕷ 㮵ඣᓥ┴ ༡ࡉࡘࡲᕷ

ᒾᡭ┴ ኱⯪Ώᕷ ⛅⏣┴ ௝໭ᕷ

໭ᾏ㐨 ᕝᕷ 㮵ඣᓥ┴ ᚿᕸᚿᕷ

ឡ፾┴ すணᕷ 㧗▱┴ 㤶⨾ᕷ

㧗▱┴ 㤶⨾ᕷ ᓥ᰿┴ 㞼༡ᕷ

ᓥ᰿┴ ὾⏣ᕷ ໭ᾏ㐨 ྡᐤᕷ

රᗜ┴ ῐ㊰ᕷ ኱ศ┴ ㇏ᚋ኱㔝ᕷ

ᐑᇛ┴ ᰩཎᕷ 㧗▱┴ Ᏻⱁᕷ

ᒣཱྀ┴ ⨾⚇ᕷ ᐑᓮ┴ ࠼ࡧࡢᕷ

᪂₲┴ ᑠ༓㇂ᕷ ᒾᡭ┴ 㐲㔝ᕷ

⇃ᮏ┴ ኳⲡᕷ 㮵ඣᓥ┴ ᭮᪊ᕷ

ᒾᡭ┴ ᐑྂᕷ 㮵ඣᓥ┴ すஅ⾲ᕷ

⇃ᮏ┴ 㜿⸽ᕷ ᐑᓮ┴ ୵㛫ᕷ

᪂₲┴ ⣒㨶ᕝᕷ ᒣཱྀ┴ ⨾⚇ᕷ

᪂₲┴ ஬Ἠᕷ ⇃ᮏ┴ ኳⲡᕷ

ᓥ᰿┴ Ụὠᕷ ᒾᡭ┴ ஧ᡞᕷ

㟷᳃┴ ࡘࡀࡿᕷ ឡ፾┴ すணᕷ

ᚨᓥ┴ ⨾㤿ᕷ ᒸᒣ┴ ⨾సᕷ

ฟ඾㸸⥲ົ┬ࠕ⤫୍ⓗ࡞ᇶ‽࡟ࡼࡿ㈈ົ᭩㢮࡟㛵ࡍࡿ᝟ሗ㸦ヲ⣽㸧 ࠖᖹᡂ ᖺᗘࠊᖹᡂ ᖺᗘࡼࡾ➹⪅సᡂࠋ

5HYHQXHSHUFDSLWD 7RWDOUHYHQXHV3RSXODWLRQ

㸦ᴗົ཰ධ㸩⮫᫬཰ධ㸩ᢞ㈨άື཰ධ㸩㈈ົάື཰ධ㸩๓ᖺᗘᮎᇶ㔠ṧ㧗㸧ேཱྀ

ᴗົ཰ධ㸸㈨㔠཰ᨭィ⟬᭩࣭ᴗົάື཰ᨭ

⮫᫬཰ධ㸸㈨㔠཰ᨭィ⟬᭩࣭ᴗົάື཰ᨭ ᢞ㈨άື཰ධ㸸㈨㔠཰ᨭィ⟬᭩࣭ᢞ㈨άື཰ᨭ

㈈ົάື཰ධ㸸㈨㔠཰ᨭィ⟬᭩࣭㈈ົάື཰ᨭ ๓ᖺᗘᮎᇶ㔠ṧ㧗㸸㈨㔠཰ᨭィ⟬᭩

⾲ 5HYHQXHSHUFDSLWDୖ఩ ᅋయ

୍⯡఍ィ➼㈈ົ᭩㢮 㐃⤖㈈ົ᭩㢮

ᒾᡭ┴ 㝣๓㧗⏣ᕷ 㛗㔝┴ ᒸ㇂ᕷ

ᒾᡭ┴ 㔩▼ᕷ 㧗▱┴ ᅵబᕷ

ᐑᇛ┴ ▼ᕳᕷ ᪂₲┴ ᮧୖᕷ

ᒾᡭ┴ ኱⯪Ώᕷ ᒾᡭ┴ 㝣๓㧗⏣ᕷ

ᐑᇛ┴ ᮾᯇᓥᕷ ᇸ⋢┴ ᪂ᗙᕷ

ᒾᡭ┴ ᐑྂᕷ ⩌㤿┴ ࡳ࡝ࡾᕷ

ᐑᇛ┴ ྡྲྀᕷ ᒾᡭ┴ 㔩▼ᕷ

໭ᾏ㐨 ኈูᕷ ᐑᇛ┴ ᮾᯇᓥᕷ

㧗▱┴ ᐊᡞᕷ ᐑᇛ┴ ▼ᕳᕷ

㛗ᓮ┴ ᑐ㤿ᕷ 㮵ඣᓥ┴ 㜿ஂ᰿ᕷ

⇃ᮏ┴ Ỉಛᕷ ᒾᡭ┴ ኱⯪Ώᕷ

ᚨᓥ┴ ୕ዲᕷ ឡ▱┴ ⵦ㒆ᕷ

኱ศ┴ ➉⏣ᕷ 㛗ᓮ┴ ᑐ㤿ᕷ

㛗ᓮ┴ ᯇᾆᕷ 㛗ᓮ┴ ኱ᮧᕷ

⚟ᓥ┴ ᮏᐑᕷ ᗈᓥ┴ ኱➉ᕷ

໭ᾏ㐨 ㉥ᖹᕷ ▼ᕝ┴ ⌔Ὢᕷ

໭ᾏ㐨 ྡᐤᕷ ໭ᾏ㐨 ྡᐤᕷ

㛗ᓮ┴ ᖹᡞᕷ ໭ᾏ㐨 ㉥ᖹᕷ

ᒸᒣ┴ 㧗ᱱᕷ ⛅⏣┴ ࡟࠿࡯ᕷ

㛗ᓮ┴ ኍᒱᕷ ໭ᾏ㐨 ኈูᕷ

ᗈᓥ┴ ᗉཎᕷ ༓ⴥ┴ ᪫ᕷ

㛗ᓮ┴ ஬ᓥᕷ 㧗▱┴ ᐊᡞᕷ

᪂₲┴ 㨶἟ᕷ ⛅⏣┴ ௝໭ᕷ

㛗ᓮ┴ すᾏᕷ 㤶ᕝ┴ ୸டᕷ

኱ศ┴ ᅜᮾᕷ ⚟஭┴ ࠶ࢃࡽᕷ

▼ᕝ┴ ⌔Ὢᕷ ᒾᡭ┴ ᐑྂᕷ

ᚨᓥ┴ ⨾㤿ᕷ ᚨᓥ┴ ୕ዲᕷ

⇃ᮏ┴ 㜿⸽ᕷ ኱ศ┴ ➉⏣ᕷ

㟷᳃┴ ࡘࡀࡿᕷ 㛗ᓮ┴ ᖹᡞᕷ

Ἀ⦖┴ ᐑྂᓥᕷ ኱ศ┴ ᅜᮾᕷ

㮵ඣᓥ┴ ᚿᕸᚿᕷ ឡ▱┴ ᖖ⁥ᕷ

ឡ፾┴ すணᕷ ᒸᒣ┴ ⨾సᕷ

රᗜ┴ ᮅ᮶ᕷ 㮵ඣᓥ┴ ᆶỈᕷ

㮵ඣᓥ┴ ዆⨾ᕷ ᐑᇛ┴ ྡྲྀᕷ

ᓥ᰿┴ Ᏻ᮶ᕷ ឡ፾┴ すணᕷ

㧗▱┴ Ᏻⱁᕷ ᗈᓥ┴ ᗉཎᕷ

㮵ඣᓥ┴ ᆶỈᕷ ࿴ḷᒣ┴ ᪂ᐑᕷ

ᒸᒣ┴ ⨾సᕷ బ㈡┴ ၈ὠᕷ

ᒾᡭ┴ 㐲㔝ᕷ ᒸᒣ┴ 㧗ᱱᕷ

㮵ඣᓥ┴ ༡ࡉࡘࡲᕷ රᗜ┴ ᮅ᮶ᕷ

⇃ᮏ┴ ⳥ụᕷ ⇃ᮏ┴ 㜿⸽ᕷ

ᐑᇛ┴ ሷ❤ᕷ 㧗▱┴ Ᏻⱁᕷ

᪂₲┴ ஬Ἠᕷ ᓥ᰿┴ 㞼༡ᕷ

㧗▱┴ 㤶⨾ᕷ 㛗ᓮ┴ ᯇᾆᕷ

໭ᾏ㐨 ᕝᕷ 㟷᳃┴ ࡘࡀࡿᕷ

኱ศ┴ ㇏ᚋ኱㔝ᕷ ᒣཱྀ┴ ⨾⚇ᕷ

ᓥ᰿┴ 㞼༡ᕷ ኱ศ┴ ㇏ᚋ኱㔝ᕷ

⛅⏣┴ ௝໭ᕷ 㛗ᓮ┴ ஬ᓥᕷ

㛗ᓮ┴ ༡ᓥཎᕷ ᪂₲┴ 㨶἟ᕷ

ᒸᒣ┴ ┿ᗞᕷ ᓥ᰿┴ Ụὠᕷ

ฟ඾㸸⥲ົ┬ࠕ⤫୍ⓗ࡞ᇶ‽࡟ࡼࡿ㈈ົ᭩㢮࡟㛵ࡍࡿ᝟ሗ㸦ヲ⣽㸧 ࠖᖹᡂ ᖺᗘࠊᖹᡂ ᖺᗘࡼࡾ➹⪅సᡂࠋ

([SHQVHVSHUFDSLWD 7RWDOH[SHQVHV3RSXODWLRQ 㸦ᴗົᨭฟ㸩⮫᫬ᨭฟ㸩ᢞ㈨άືᨭฟ㸩㈈ົάືᨭฟ㸧ேཱྀ

ᴗົᨭฟ㸸㈨㔠཰ᨭィ⟬᭩࣭ᴗົάື཰ᨭ

⮫᫬ᨭฟ㸸㈨㔠཰ᨭィ⟬᭩࣭ᴗົάື཰ᨭ ᢞ㈨άືᨭฟ㸸㈨㔠཰ᨭィ⟬᭩࣭ᢞ㈨άື཰ᨭ

㈈ົάືᨭฟ㸸㈨㔠཰ᨭィ⟬᭩࣭㈈ົάື཰ᨭ

⾲ ([SHQVHVSHUFDSLWDୖ఩ ᅋయ

୍⯡఍ィ➼㈈ົ᭩㢮 㐃⤖㈈ົ᭩㢮

ᒾᡭ┴ 㝣๓㧗⏣ᕷ 㛗㔝┴ ᒸ㇂ᕷ

ᒾᡭ┴ 㔩▼ᕷ 㧗▱┴ ᅵబᕷ

ᒾᡭ┴ ኱⯪Ώᕷ ᪂₲┴ ᮧୖᕷ

ᐑᇛ┴ ▼ᕳᕷ ᇸ⋢┴ ᪂ᗙᕷ

ᐑᇛ┴ ᮾᯇᓥᕷ ᒾᡭ┴ 㝣๓㧗⏣ᕷ

ᒾᡭ┴ ᐑྂᕷ ⩌㤿┴ ࡳ࡝ࡾᕷ

໭ᾏ㐨 ኈูᕷ ᒾᡭ┴ 㔩▼ᕷ

㧗▱┴ ᐊᡞᕷ ᐑᇛ┴ ᮾᯇᓥᕷ

㛗ᓮ┴ ᑐ㤿ᕷ 㮵ඣᓥ┴ 㜿ஂ᰿ᕷ

⇃ᮏ┴ Ỉಛᕷ ᒾᡭ┴ ኱⯪Ώᕷ

ᚨᓥ┴ ୕ዲᕷ ឡ▱┴ ⵦ㒆ᕷ

ᐑᇛ┴ ྡྲྀᕷ ᐑᇛ┴ ▼ᕳᕷ

㛗ᓮ┴ ᯇᾆᕷ 㛗ᓮ┴ ᑐ㤿ᕷ

⚟ᓥ┴ ᮏᐑᕷ ໭ᾏ㐨 ྡᐤᕷ

኱ศ┴ ➉⏣ᕷ 㛗ᓮ┴ ኱ᮧᕷ

໭ᾏ㐨 ㉥ᖹᕷ ᗈᓥ┴ ኱➉ᕷ

໭ᾏ㐨 ྡᐤᕷ ⛅⏣┴ ࡟࠿࡯ᕷ

㛗ᓮ┴ ᖹᡞᕷ ໭ᾏ㐨 ኈูᕷ

ᗈᓥ┴ ᗉཎᕷ 㧗▱┴ ᐊᡞᕷ

ᒸᒣ┴ 㧗ᱱᕷ ໭ᾏ㐨 ㉥ᖹᕷ

㛗ᓮ┴ ኍᒱᕷ ▼ᕝ┴ ⌔Ὢᕷ

㛗ᓮ┴ ஬ᓥᕷ ⛅⏣┴ ௝໭ᕷ

▼ᕝ┴ ⌔Ὢᕷ ⚟஭┴ ࠶ࢃࡽᕷ

኱ศ┴ ᅜᮾᕷ ᚨᓥ┴ ୕ዲᕷ

㟷᳃┴ ࡘࡀࡿᕷ ኱ศ┴ ᅜᮾᕷ

᪂₲┴ 㨶἟ᕷ ᒾᡭ┴ ᐑྂᕷ

ᚨᓥ┴ ⨾㤿ᕷ ኱ศ┴ ➉⏣ᕷ

㮵ඣᓥ┴ ᚿᕸᚿᕷ 㛗ᓮ┴ ᖹᡞᕷ

㛗ᓮ┴ すᾏᕷ 㤶ᕝ┴ ୸டᕷ

ឡ፾┴ すணᕷ 㮵ඣᓥ┴ ᆶỈᕷ

ᓥ᰿┴ Ᏻ᮶ᕷ ឡ▱┴ ᖖ⁥ᕷ

㧗▱┴ Ᏻⱁᕷ బ㈡┴ ၈ὠᕷ

㮵ඣᓥ┴ ዆⨾ᕷ ༓ⴥ┴ ᪫ᕷ

රᗜ┴ ᮅ᮶ᕷ ᗈᓥ┴ ᗉཎᕷ

㮵ඣᓥ┴ ᆶỈᕷ ឡ፾┴ すணᕷ

Ἀ⦖┴ ᐑྂᓥᕷ ᒸᒣ┴ 㧗ᱱᕷ

⇃ᮏ┴ ⳥ụᕷ රᗜ┴ ᮅ᮶ᕷ

ᒸᒣ┴ ⨾సᕷ 㧗▱┴ Ᏻⱁᕷ

㮵ඣᓥ┴ ༡ࡉࡘࡲᕷ ᒸᒣ┴ ⨾సᕷ

㧗▱┴ 㤶⨾ᕷ 㛗ᓮ┴ ᯇᾆᕷ

⇃ᮏ┴ 㜿⸽ᕷ ࿴ḷᒣ┴ ᪂ᐑᕷ

ᓥ᰿┴ 㞼༡ᕷ 㛗ᓮ┴ ஬ᓥᕷ

᪂₲┴ ஬Ἠᕷ ᓥ᰿┴ Ụὠᕷ

໭ᾏ㐨 ᕝᕷ 㟷᳃┴ ࡘࡀࡿᕷ

ᒾᡭ┴ 㐲㔝ᕷ ᓥ᰿┴ 㞼༡ᕷ

ᐑᇛ┴ ሷ❤ᕷ ⇃ᮏ┴ 㜿⸽ᕷ

⛅⏣┴ ௝໭ᕷ ᓥ᰿┴ Ᏻ᮶ᕷ

ᓥ᰿┴ ὾⏣ᕷ ⛅⏣┴ ⬟௦ᕷ

໭ᾏ㐨 ⥙㉮ᕷ ⛅⏣┴ ⏨㮵ᕷ

ᓥ᰿┴ Ụὠᕷ 㛗ᓮ┴ ኍᒱᕷ

ฟ඾㸸⥲ົ┬ࠕ⤫୍ⓗ࡞ᇶ‽࡟ࡼࡿ㈈ົ᭩㢮࡟㛵ࡍࡿ᝟ሗ㸦ヲ⣽㸧 ࠖᖹᡂ28 ᖺᗘࠊᖹᡂ 29 ᖺᗘࡼࡾ➹⪅సᡂࠋ

㸳㸬ࡲ࡜ࡵ

ᮏ✏࡛ࡣࠊ᫖ᖺᗘ࠿ࡽ୍ᣓࢲ࣮࢘ࣥࣟࢻࡀྍ⬟࡜࡞ࡗࡓࠊྛ⮬἞యࡢ㈈ົ᭩㢮ࢹ࣮ࢱࢆά⏝ࡋࡓ◊✲

ࡢணഛⓗศᯒ࡜ࡋ࡚ࠊ

39

Wang et al

Wang, Dennis, and

Tu̓s Solvency Test͇ࡢ⟬ฟࢆ⾜ࡗࡓࠋసᡂࡉࢀࡓ 39

2016

2017

ᖺᗘࡢẚ㍑ࢆ⾜࠺࡜ࠊேཱྀࡀῶᑡࡋ࡚࠸ࡿ࡟ࡶ㛵ࢃࡽࡎ⾜ᨻࢥࢫࢺࡀቑຍࡋ࡚࠸ࡿࡇ࡜ࡀ᫂ࡽ࠿࡜࡞ࡗ ࡓࠋࡲࡓࠊ⟬ฟࡉࢀࡓ㈈ົᣦᶆ࠿ࡽࡣࠊ㟈⅏ࡢᙳ㡪ࢆཷࡅࡓ⮬἞యࡸཎᏊຊⓎ㟁ᡤࡀ❧ᆅࡍࡿ⮬἞య࡟

࠾ࡅࡿ㈈ົᣦᶆࡀ┦ᑐⓗ࡟Ⰻ࠸ഴྥ࡟࠶ࡿࡇ࡜➼ࡀ᫂ࡽ࠿࡜࡞ࡗࡓࠋ

⥲ົ┬࡛ࡣࠊ2019ᖺ

6

ࡽᚓࡽࢀࡿ᝟ሗࢆ࡝ࡢࡼ࠺࡞ᙧ࡛බ㛤ࡍࡿ࠿ࡶྵࡵ᳨࡚ウࡀ㔜ࡡࡽࢀ࡚࠸ࡿࠋࠕぢ࠼ࡿ໬ࠖࡢ୍⎔࡜ࡋ

࡚ࠊ⥲ົ┬ࡢ࣮࣒࣮࣍࣌ࢪ࠿ࡽ㒔㐨ᗓ┴ࡈ࡜࡟࢚ࢡࢭ࣭ࣝࣇ࢓࢖ࣝࢆࢲ࣮࢘ࣥࣟࢻࡍࢀࡤࠊࠕఫẸ୍ே

ᙜࡓࡾ㈨⏘㢠ࠖࠊࠕṓධ㢠ᑐ㈨⏘ẚ⋡ࠖࠊࠕ᭷ᙧᅛᐃ㈨⏘ῶ౯ൾ༷⋡ࠖࠊࠕ⣧㈨⏘ẚ⋡ࠖࠊࠕᑗ᮶ୡ௦㈇ᢸẚ⋡ࠖࠊ ࠕఫẸ୍ேᙜࡓࡾ⾜ᨻࢥࢫࢺࠖࠊࠕఫẸ୍ேᙜࡓࡾ㈇മ㢠ࠖࠊࠕᇶ♏ⓗ㈈ᨻ཰ᨭࠖࠊࠕཷ┈⪅㈇ᢸẚ⋡ࠖ࡜࠸

ࡗࡓ㈈ົᣦᶆࢆ▱ࡿࡇ࡜ࡀ࡛ࡁࡿࠋ㈈ົ≧ἣࡢࠕぢ࠼ࡿ໬ࠖ࡟ࡼࡗ࡚ࠊ㈈ᨻࡢຠ⋡໬࣭㐺ṇ໬ࢆಁࡑ࠺

࡜ࡍࡿࡢ࡛࠶ࢀࡤࠊᮏ✏࡛⾜ࡗࡓࡼ࠺࡟ྛ⮬἞యࡢ㈈ົᣦᶆࢆࣛࣥ࢟ࣥࢢᙧᘧ࡛බ⾲ࡍࡿࡇ࡜ࡶ᳨ウ࡟

್ࡍࡿ࡜ᛮࢃࢀࡿࠋࡲࡓࠊ⡿ᅜ࡛ࡣࠊ㈈ົㅖ⾲࠿ࡽᚓࡽࢀࡿࢹ࣮ࢱࢆ⏝࠸ࡓ⮬἞య⾜ືࡢせᅉศᯒ࡟㛵 ࡍࡿ◊✲ࡀᏑᅾࡋ࡚࠸ࡿࡀࠊᡃࡀᅜ࡛ࡣ࡯࡜ࢇ࡝Ꮡᅾࡋ࡚࠸࡞࠸ࠋ௒ᚋࠊ㈈ົㅖ⾲ࡢࢹ࣮ࢱࡀ⵳✚ࡉࢀ

ࡿࡇ࡜࡟కࡗ࡚ࠊᏛ⾡◊✲࡟࠾࠸࡚ྛ⮬἞యࡢ㈈ົ᭩㢮࠿ࡽᚓࡽࢀࡿࢹ࣮ࢱࡢά⏝ࡀ㐍ࡴࡇ࡜ࡶࡲࡓࠊ ࠕぢ࠼ࡿ໬࡛ࠖ࠶ࡾࠊ㈈ᨻࡢຠ⋡໬࣭㐺ṇ໬ࢆಁࡍࡇ࡜࡟ࡘ࡞ࡀࡿ࡜⪃࠼ࡽࢀࡿࠋ