!"#$%!$%&'()(*((+$%,(+$%--.%/($%0$%%123004
56%
ࢩࣟࣜࡢ␗✀㓄ࢥࣟࢽ࣮࠾ࡅࡿ㛗ᮇ㣫⫱ᚋࡢ⩌㞟ᵓ㐀
ᾛⲁ㸪ฟ⌮
㸦Ⲉᇛ࣭⌮㸧
7(889#:);%<)'9=)9'>%(?%<;8@:():=%?+AB>++A)><%:#%)C>%C;@':D%=(+(#:><%(?%%%%%%%%%%%%%%%%%%%%
)E(%)>'8:)>%<">=:><%
FGA#>%HFIJK%A#D%L<A89%IKMFNO%
17(++$%P=:$.%K@A'AG:%J#:Q$4%
%
!"##$%&'
MC>%)>'8:)><%A'>%A#%>9<(=:A+%E((D%?>>D:#B%:#<>=)%B'(9"$%MC>;%'>)A:#%89+):"+>%<">=:><%(?%<;8@:():=%?+AB>++A)><%:#%
)C>:'%B9)%A#D%D>">#D%(#%E((D%D>=(8"(<:):(#%(#%)C>%?+AB>++A)><$%P">=:><%=(8"(<:):(#%(?%)C>%?+AB>++A)>%=(889#:);%:<%<">R
=:?:=%)(%C(<)%)>'8:)>%<">=:><$%S('%)C:<%<)9D;.%E>%"'(D9=>D%C;@':D%=(+(#:><%(?%)E(%)>'8:)>%<">=:><.%!"#$%&'$#"()"*+*,"(-#&*%
A#D%!.+/-0)10"0*$*.+A#D%:#Q><):BA)>D%?+AB>++A)>%<">=:><%=(8"(<:):(#%A#D%)C>%#98@>'%(?%>A=C%?+AB>++A)>%<">=:><%:#%)C>%D:R
B><):Q>%)'A=)<%(?%(??<"':#B$%K88>D:A)>+;%A?)>'%?(9#DA):(#%(?%)C>%=(+(#;.%8(<)%C;@':D%(??<"':#B%CAD%?A9#A%)CA)%E>'>%8:TR
)9'><% (?% ?+AB>++A)>% <">=:><% <">=:?:=% )(% >A=C% "A'>#)% <">=:><$% F?)>'% 633% DA;<% ?'(8% )C>% ?(9#DA):(#% (?% )C>% C;@':D% =(+(#:><.%
C(E>Q>'.%)C>%'A)>%(?%(??<"':#B%E:)C%8:T>DR?A9#A>%D'A<):=A++;%D>='>A<>D$%L?%0U%C;@':D%=(+(#:><.%06%CAD%?A9#A>%'><>8@+:#B%
)C(<>%(?%!.+*,"(-#&*%?:>+D%=(+(#:><.%A+)C(9BC%?A9#A%(?%(#>%C;@':D%=(+(#;%=+(<>+;%'><>8@+>D%)C(<>%(?%!.+/-0)10"0*$*%?:>+D%
=(+(#:><$%MC:<%'><9+)%<9BB><)<%)C>%"'><>#=>%(?%89+):"+>%<)A@:+>%<">=:><%=(8"(<:):(#<%(?%)C>%<;8@:():=%?+AB>++A)><$%
%
㼇┠ⓗ㼉㻌 ࢩࣟࣜࡣ┿♫ᛶ࡛᪻࠶ࡾ㸪ᐙ᪘㞟ᅋ
㸦ࢥ ࣟࢽ ࣮㸧ෆ ࡣ ࣮࣡ ࣮࢝㸪⏕Ṫ ࡞ 」ᩘ ࡢ
࣮࢝ࢫࢺࡀᏑᅾࡍࡿ㸬ࢩࣟࣜࡣᚋ⭠ෆඹ⏕㠴ẟ
ࢆಖ᭷ࡋ࡚࠾ࡾ㸪ᦤ㣗ࡋࡓᮌᮦࡢศゎࢆࡇࢀ౫
Ꮡࡍࡿ㸬0% ಶయࡢࢩࣟࣜࡀ」ᩘ✀ࡢ㠴ẟࢆࡶ
ࡕ㸪㠴ẟࡣࢩࣟࣜࡢ⭠ෆ⩌㞟ࢆᙧᡂࡍࡿ㸬ࡲ
ࡓ㸪ࡑࡢಶయᩘࡣ03-R5% ࡢ࣮࢜ࢲ࣮࡞ࡿ㸬㠴ẟࡣ
᎘Ẽᛶ࡛ࢩࣟࣜࡢయእ࡛⏕Ꮡ࡛ࡁ࡞࠸ࡀ㸪ࢥࣟ
ࢽ࣮ෆ࡛ࡣ⭠ෆᐜ≀ࡢ⫠㛛ࡽࡢᦤ㣗㸦⫠㛛㣗㸧
ࡼࡗ࡚ࢩࣟࣜಶయ㛫࡛ཷࡅΏࡉࢀࡿ㸬㻌
ࢩࣟࣜࡢ᪂ࡋ࠸ࢥࣟࢽ࣮ࡣ㸪᭷⩟⏕Ṫ㸦⩚
ࣜ㸧ࡢ㞤㞝ࡀ㸪⤖፧㣕⾜ᚋ࣌ࢆᙧᡂࡋ࡚ᶞ⓶ୗ
࡞タࡍࡿ㸬ࢥࣟࢽ࣮ࡢタึᮇࡣ㸪᭷⩟⏕
Ṫࡢࡶࡗ࡚࠸ࡓẕᕢࡢ㠴ẟࡀ㸪⫠㛛㣗ࡼࡾᏊ
ఏ㐩ࡉࢀࡿ㸬ࡇࡢࡼ࠺0% ✀ࡢᆶ┤ឤᰁࡀୡ௦㛫
࡛࠾ࡇࡿࡓࡵ㸪㠴ẟࡢ✀ᵓᡂࡣࢩࣟࣜࡢ✀≉
␗ⓗ࡛࠶ࡿ㸬ࡲࡓࡇࡢࡁ㸪୧ぶࡢᣢࡘ㠴ẟ⩌㞟
ࡣᏊࡢᚋ⭠ෆ࡛ΰྜࡉࢀࡿ㸬%
ࡇࡢࡼ࠺࡞ࢩࣟࣜࢆ⏝࠸ࡿࡇࡼࡾ㸪㠴ẟ
⩌㞟ࡢ᧯సⓗᐇ㦂ࡀྍ⬟࡛࠶ࡿ㸬ᮏ◊✲࡛ࡣ㸪࣐ࣖ
ࢺࢩࣟࣜ+ !"#$%&'$#"()"*+ *,"(-#&*% ࢝ࣥࣔࣥࢩࣟ
ࣜ!.+ /-0)10"0*$*+ ࢆ㓄ࡉࡏ㸪␗࡞ࡿ✀⤌ᡂࡢ㠴ẟ
⩌㞟ࢆΰྜࡋ㸪⩌㞟ᵓ㐀ࡢኚࢆㄪᰝࡋࡓ㸬%
%
㼇᪉ἲ㼉㻌233U% ᖺV% ᭶ᮎ࢝ࣥࣔࣥࢩࣟࣜ㸪5% ᭶ୖ᪪
࣐ࣖࢺࢩࣟࣜࡢ᪂᭷ど⏕Ṫࢆྵࡴࢥࣟࢽ࣮ࢆ
᥇㞟ࡋࡓ㸬୧✀ࡢ⏕Ṫࢆᕢᮦࡽྲྀࡾฟࡋ㸪ࢡࢾ
ࢠ⭉ᮌ࣐ࢵࢺࢆワࡵࡓࣂࣝ⎼㞤㞝0% ಶయࡎࡘ
ධࢀࡓ㸬ࡇࡢࡁ㸪࣐ࣖࢺࢩࣟࣜࡢ࢜ࢫ࢝ࣥࣔ
ࣥࢩࣟࣜࡢ࣓ࢫࡢ࣌㸪㞤㞝ࢆ㏫ࡋࡓ࣌ࢆᙧ
ᡂࡋ㸪ࢥࣟࢽ࣮ࢆタࡉࡏࡓ㸦㞧ࢥࣟࢽ࣮㸧㸬㻌
࣌ᙧᡂࡽ⣙63㸦W-R6W㸧᪥ᚋ㸪⣙023㸦023R
02-㸧᪥ᚋ㸪⣙263㸦263R26W㸧᪥ᚋ㸪ྛ6% ࢥࣟ
ࢽ࣮ࢆ↓సⅭ㑅ࡧ㸪࣐ࣖࢺࢩࣟࣜ≉␗ⓗ࡞2%
✀㸦2$0"03),4-+ (&51*-.% 2.+ ,-(6-㸧㸪࢝ࣥࣔࣥࢩࣟ
ࣜ≉␗ⓗ࡞0%✀㸦7,$(103),4-+,1(#"($㸧ࡢ㠴ẟ
ࡢಖ᭷ࡢ᭷↓ࢆ᳨ᰝࡋࡓ㸬ࢩࣟࣜࡣ-% 㱋௨ୖࡢ
࣮࣮࣡࢝ࢆ⏝࠸㸪0% ࢥࣟࢽ࣮ࡘࡁ0R5% ಶయࢆゎ๗
ࡋ㸪⭠ෆᐜ≀ࢆᚤศᖸ΅㢧ᚤ㙾᳨࡛ᰝࡋࡓ㸬%
ࡉࡽ㸪⣙633㸦WWUR655㸧᪥ᚋྛX%ࢥࣟࢽ࣮ࢆ
↓సⅭ࠼ࡽࡧ㸪ಖ᭷ࡍࡿ㠴ẟࡢ✀࣭ಶయᩘᵓᡂ
ࢆㄪᰝࡋࡓ㸬ࢩࣟࣜࡣ5% 㱋௨ୖࡢ࣮࣮࣡࢝ࢆ⏝
࠸㸪0% ࢥࣟࢽ࣮ࡘࡁ5% ಶయࢆゎ๗ࡋ㸪ᚋ⭠ࢆྲྀࡾ
ฟࡋࡓ㸬ᚋ⭠ࡢෆᐜ≀ࡣ3$-5% Y% /A7+% Ỉ⁐ᾮ࡛ᕼ
㔘 ࡋ 㸪-3% ȝ+% ࡢ ᠱ ⃮ ᾮ ㄪ ᩚ ࡋ 㸪 ⾑ ⌫ ィ ⟬ ┙
㸦MZLYF㸧ᚤศᖸ΅㢧ᚤ㙾ࢆ⏝࠸࡚ィᩘࡋࡓ㸬%
ࡲࡓ㸪2303% ᖺ࣐ࣖࢺࢩࣟࣜ࢝ࣥࣔࣥࢩࣟ
ࣜࡢ㔝እࢥࣟࢽ࣮ࢆ㸪ࡑࢀࡒࢀU%ಶ6%ಶ᥇㞟ࡋ㸪
ࡇࢀࡽࡘ࠸࡚ࡶ0% ࢥࣟࢽ࣮ࡘࡁ5% ಶయࡢ࣮࣡
࣮࢝ࢆ㑅ࢇ࡛ྠᵝࡢㄪᰝࢆ⾜ࡗࡓ㸬%
㞧ࢥࣟࢽ࣮୧✀㔝እࢥࣟࢽ࣮ࡢಖ᭷ࡋ࡚࠸ࡓ
㠴ẟ⤌ᡂࢆẚ㍑ࡍࡿࡓࡵ㸪[% Q>'% 2$X$2% ࢆ⏝࠸
࡚ࢡࣛࢫࢱ࣮ศᯒ㸦!A==A'D% ࡢಀᩘ㸪J&\YF㸧ࢆ
⾜ࡗࡓ㸬%
%
㼇⤖ᯝ㼉㻌 ࣌ᙧᡂࡽ⣙63% ᪥ᚋ㸪⣙023% ᪥ᚋࡢ㞧
5U%
ཎ⏕ື≀Ꮫ㞧ㄅ➨--ᕳ➨0ྕ2300ᖺ
ࢥࣟࢽ࣮࡛ࡣ㸪࣐ࣖࢺࢩࣟࣜ≉␗ⓗ࡞✀࢝ࣥ
ࣔࣥࢩࣟࣜ≉␗ⓗ࡞✀ࡀΰࡊࡗࡓ㠴ẟ⤌ᡂ
㸦ΰྜ⤌ᡂ㸧ࢆ㸪U5]% ௨ୖࡢࢩࣟࣜಶయࡀಖ᭷ࡋ
࡚࠸ࡓ㸬ࡋࡋ㸪⣙263% ᪥ᚋ࡛ࡣ㸪ΰྜ⤌ᡂࡣ⣙
53]% ࡞ࡾ㸪࢝ࣥࣔࣥࢩࣟࣜ≉␗ⓗ࡞✀ࢆḞࡃ
⤌ᡂ㸦࣐ࣖࢺᆺ⤌ᡂ㸧ࢆࡶࡘಶయࡀቑຍࡋࡓ㸬㻌
ࡉࡽ⣙633% ᪥ᚋࡣ㸪ΰྜ⤌ᡂࡢಶయࡣ⣙-]%
ࡲ࡛ῶᑡࡋ㸪࣐ࣖࢺᆺ⤌ᡂࡀX3]㸪࢝ࣥࣔࣥᆺ⤌ᡂ
ࡀ⣙W]% ฟ⌧ࡋࡓ㸬ࡉࡽ✀⤌ᡂࡢ㢮ఝᗘᇶ࡙ࡃ
ࢥࣟࢽ࣮ࣞ࣋ࣝࡢࢡࣛࢫࢱ࣮ศᯒࢆ⾜ࡗࡓ⤖ᯝ㸪࢝
ࣥࣔࣥࢩࣟࣜ≉␗ⓗ࡞✀ࡀࡰḞᦆࡋࡓ0U% ࢥ
ࣟࢽ࣮ࡣ࣐ࣖࢺࢩࣟࣜࡢ6% ࡘࡢ㔝እࢥࣟࢽ࣮ࢡ
ࣛࢫࢱ࣮ࢆᙧᡂࡋ㸪࣐ࣖࢺࢩࣟࣜ≉␗ⓗ࡞✀ࡀ
Ḟᦆࡋࡓ0%ࢥࣟࢽ࣮ࡣ࢝ࣥࣔࣥࢩࣟࣜࡢU%ࡘࡢ㔝
እࢥࣟࢽ࣮ࢡࣛࢫࢱ࣮ࢆᙧᡂࡋࡓ㸬%
%
%
㼇⪃ᐹ㼉㻌 タࡽ023% ᪥ᚋࡲ࡛ࡢẚ㍑ⓗึᮇࡢࢥࣟ
ࢽ࣮࡛ࡣ㸪ࢩࣟࣜࡢ㠴ẟ⩌㞟ࡣ2✀ࡢࢩࣟࣜ
≉␗ⓗ࡞✀ࡀΰྜࡋࡓ⤌ᡂࢆ♧ࡍࡇࡀ☜ㄆࡉࢀ
ࡓ㸬ࡋࡋ㸪ΰྜⓗ࡞⩌㞟ᵓ㐀ࡣᏳᐃ࡛࡞ࡃ㸪㞧
ࢥࣟࢽ࣮ࡢ㠴ẟ⩌㞟ࡣ㸪㛫⤒㐣కࡗ࡚2% ✀ࡢ
ࢩࣟࣜࡀᮏ᮶ࡶࡗ࡚࠸ࡓ⩌㞟ᵓ㐀ࡢࡕࡽ㠀
ᖖ㏆࠸ᵓ㐀᮰ࡋ࡚࠸ࡗࡓ㸬ࡇࡢࡇࡽ㸪ࢩ
ࣟࣜࡢඹ⏕㠴ẟ⩌㞟ࡀᡂ❧ࡍࡿ㐣⛬࠾࠸࡚㸪
⩌㞟ᵓ㐀ࡣࣛࣥࢲ࣒࡞せᅉ࡛Ỵᐃࡉࢀࡿࡢ࡛
ࡣ࡞ࡃ㸪✀㛫┦స⏝ࢆᫎࡋࡓᑡᩘࡢᏳᐃⓗ࡞ᵓ
㐀ࡀᏑᅾࡍࡿࡶࡢ⪃࠼ࡽࢀࡿ㸬㻌
%
㼇ᩥ⊩㼉㻌
04% I:)AD>%123364%!"#$%!$%&'()(*((+$.%-3.%030R002$%
© Copyright 2026 Paperzz