![\"20160928_001\"](\"http:\/\/value-investment.uekenweb.com\/wp-content\/uploads\/2016\/09\/20160928_001.jpg\")
\nContents<\/p>
- 1<\/span> \u58f2\u8cb7\u5c65\u6b74<\/a><\/li>
- 2<\/span> \u30b3\u30e1\u30f3\u30c8<\/a><\/li>
- 3<\/span> \u9298\u67c4\u30e1\u30e2<\/a>
- 3.1<\/span> 9928 \u30df\u30ed\u30af\u60c5\u5831\u30b5\u30fc\u30d3\u30b9<\/a><\/li>
- 3.2<\/span> 4687 TDC\u30bd\u30d5\u30c8\u30a6\u30a8\u30a2\u30a8\u30f3\u30b8\u30cb\u30a2\u30ea\u30f3\u30b0<\/a><\/li>
- 3.3<\/span> 6312 \u30d5\u30ed\u30a4\u30f3\u30c8\u7523\u696d<\/a><\/li><\/ul><\/li>
- 4<\/span> \u4eca\u5f8c\u306e\u65b9\u91dd<\/a><\/li><\/ul><\/div>\n
\u58f2\u8cb7\u5c65\u6b74<\/span><\/h2>\n
\u3010\u8cb7\u3044\u3011
\nTDC\u30bd\u30d5\u30c8\u30a6\u30a8\u30a2\uff08\u65b0\u898f\u8cb7\u3044\uff09
\n\u30df\u30ed\u30af\u60c5\u5831\u30b5\u30fc\u30d3\u30b9\uff08\u65b0\u898f\u8cb7\u3044\uff09
\n\u6b63\u6804\u98df\u54c1\u5de5\u696d\uff08\u8cb7\u3044\u5897\u3057\uff09
\n\u30ed\u30fc\u30c4\u30a7\uff08\u8cb7\u3044\u5897\u3057\uff09
\n\u65e5\u672c\u30d1\u30fc\u30ab\u30e9\u30a4\u30b8\u30f3\u30b0\uff08\u8cb7\u3044\u5897\u3057\uff09
\n\u3010\u58f2\u308a\u3011
\n\u30d5\u30ed\u30a4\u30f3\u30c8\u7523\u696d\uff08\u58f2\u308a\u5207\u308a\uff09
\n\u30c0\u30a4\u30a4\u30c1\uff08\u4e00\u90e8\u58f2\u308a\uff09<\/p><\/blockquote>\n\u30b3\u30e1\u30f3\u30c8<\/span><\/h2>\n
\u4eca\u9031\u306f3\u6708\u6c7a\u7b97\u9298\u67c4\u3067\u306f\u4e2d\u9593\u914d\u5f53\u3084\u682a\u4e3b\u512a\u5f85\u304c\u306a\u3044\u9298\u67c4\u306b\u6ce8\u76ee\u3057\u3001\u305d\u306e\u7bc4\u56f2\u3067\u65b0\u898f\u8cb7\u3044\u3092\u884c\u3044\u307e\u3057\u305f\u3002\u3044\u305a\u308c\u3082\u6253\u8a3a\u8cb7\u3044\u30ec\u30d9\u30eb\u3067\u3059\u306e\u3067\u4eca\u5f8c\u306e\u5024\u52d5\u304d\u306b\u3088\u3063\u3066\u306f\u8cb7\u3044\u5897\u3057\u3092\u691c\u8a0e\u3057\u307e\u3059\u3002<\/p>\n
\u58f2\u308a\u306f2\u9298\u67c4\u30029\u6708\u6c7a\u7b97\u9298\u67c4\u3067\u5024\u52d5\u304d\u304c\u60aa\u3044\u30c0\u30a4\u30a4\u30c1\u3092\uff08\u3057\u3073\u308c\u3092\u304d\u3089\u3057\u3066\uff09\u4e00\u90e8\u58f2\u308a\u3002\u30d5\u30ed\u30a4\u30f3\u30c8\u7523\u696d\u306f\u4e0a\u65b9\u4fee\u6b63\u767a\u8868\u306b\u3088\u308a\u3001\u3059\u3079\u3066\u58f2\u308a\u5207\u308a\u3068\u3057\u307e\u3057\u305f\u3002<\/p>\n
\u58f2\u5374\u8cc7\u91d1\u3067\u3001\u65e5\u672c\u30d1\u30fc\u30ab\u30e9\u30a4\u30b8\u30f3\u30b0\u3001\u6b63\u6804\u98df\u54c1\u5de5\u696d\u3001\u30ed\u30fc\u30c4\u30a7\u3092\u8cb7\u3044\u5897\u3057\u3057\u307e\u3057\u305f\u3002<\/p>\n
\u9298\u67c4\u30e1\u30e2<\/span><\/h2>\n
9928 \u30df\u30ed\u30af\u60c5\u5831\u30b5\u30fc\u30d3\u30b9<\/span><\/h3>\n
\u4ee5\u524d\u304b\u3089\u6c17\u306b\u306a\u3063\u3066\u3044\u305f\u9298\u67c4\u3002\u5358\u306b\u30de\u30a4\u30ca\u30f3\u30d0\u30fc\u95a2\u9023\u9298\u67c4\u3067\u3057\u3087\u3046\u3050\u3089\u3044\u306a\u5370\u8c61\u304c\u306a\u304b\u3063\u305f\u306e\u3067\u3059\u304c\u3001\u8abf\u3079\u3066\u307f\u305f\u3068\u3053\u308d\u3001\u6295\u8cc7\u5148\u3068\u3057\u3066\u306f\u60aa\u304f\u306a\u3044\u3068\u3044\u3046\u7d50\u8ad6\u306b\u81f3\u308a\u307e\u3057\u305f\u3002\u901a\u5e38\u4f1a\u793e\u898f\u6a21\u304c\u5927\u304d\u304f\u306a\u308b\u306b\u3064\u308c\u3066\u5229\u76ca\u7387\u306f\u3055\u304c\u308b\u30a4\u30e1\u30fc\u30b8\u304c\u3042\u308b\u306e\u3067\u3059\u304c\u3001\u30df\u30ed\u30af\u60c5\u5831\u306e\u55b6\u696d\u5229\u76ca\u7387\u306f\u3055\u3089\u306b\u6539\u5584\u3055\u308c\u3066\u3044\u308b\u72b6\u614b\u3067\u3059\u3002\u30af\u30e9\u30a6\u30c9\u30b5\u30fc\u30d3\u30b9\u306a\u3069\u4f4e\u30b3\u30b9\u30c8\u6848\u4ef6\u304c\u9806\u8abf\u3068\u3044\u3046\u3053\u3068\u306a\u306e\u3067\u3057\u3087\u3046\u304b\uff1f<\/p>\n
![\"20160927_002\"](\"http:\/\/value-investment.uekenweb.com\/wp-content\/uploads\/2016\/09\/20160927_002.jpg\")
\n\u3053\u306e\u4f1a\u793e\u81ea\u4f53\u3001\u4e2d\u671f\u8a08\u753b\u3092\u7b56\u5b9a\u6e08\u307f\u3067\u30012020\u5e74\u306f\u58f2\u4e0a\u9ad8500\u5104\u5186\u3001\u7d4c\u5e38\u5229\u76ca\u738730\uff05\u3092\u76ee\u6307\u3059\u3068\u306e\u3053\u3068\u3002\u4e88\u60f3PER\u306f20\u500d\u4ee5\u4e0a\u3068\u3084\u3084\u9ad8\u3081\u3067\u3059\u304c\u3001\u5730\u5408\u3044\u306e\u826f\u3055\u3092\u80cc\u666f\u306b\u6253\u8a3a\u8cb7\u3044\u3068\u3057\u307e\u3057\u305f\u3002<\/p>\n
![\"20160927_001\"](\"http:\/\/value-investment.uekenweb.com\/wp-content\/uploads\/2016\/09\/20160927_001.jpg\")
\n4687 TDC\u30bd\u30d5\u30c8\u30a6\u30a8\u30a2\u30a8\u30f3\u30b8\u30cb\u30a2\u30ea\u30f3\u30b0<\/span><\/h3>\n
\u4eca\u671f\u306e\uff11\uff31\u306e\u696d\u7e3e\u826f\u3057\u3002\u524d\u671f\u306f\u52b4\u52d9\u8cbb\u3001\u8ca9\u7ba1\u8cbb\u5897\u304c\u5229\u76ca\u306e\u5727\u8feb\u8981\u56e0\u3060\u3063\u305f\u304c\u3001\u4eca\u671f\u306f\u5229\u76ca\u7387\u304c\u6539\u5584\u3057\u3066\u55b6\u696d\u5229\u76ca\u30d9\u30fc\u30b9\u3067\u524d\u5e74\u540c\u671f\u6bd4+52\uff05\u3002\u58f2\u4e0a\u9ad8\u3082\u60f3\u5b9a\u309210\uff05\u4ee5\u4e0a\u4e0a\u56de\u308b\u3082\u306e\u3002<\/p>\n
![\"20160927_003\"](\"http:\/\/value-investment.uekenweb.com\/wp-content\/uploads\/2016\/09\/20160927_003.jpg\")
\n\u901a\u671f\u6c7a\u7b97\u306e\u4e0a\u632f\u308c\u3082\u671f\u5f85\u3067\u304d\u307e\u3059\u3057\u3001\u4e88\u60f3PER11\u500d\u7a0b\u5ea6\u3002\u91d1\u878d\u6a5f\u95a2\u7cfb\u30a2\u30d7\u30ea\u306b\u504f\u91cd\u3057\u3066\u304d\u305f\u304c\u3001\u88fd\u9020\u696d\u7b49\u306e\u6cd5\u4eba\u5411\u3051\u3082\u5805\u8abf\u3002\u4e2d\u671f\u8a08\u753b\u3067\u306f2018\u5e743\u6708\u671f\u306b\u306f\u58f2\u4e0a\u9ad8250\u5104\u3001\u55b6\u696d\u5229\u76ca20\u5104\u3092\u72d9\u3046\u3002<\/p>\n
![\"20160927_004\"](\"http:\/\/value-investment.uekenweb.com\/wp-content\/uploads\/2016\/09\/20160927_004.jpg\")
\n6312 \u30d5\u30ed\u30a4\u30f3\u30c8\u7523\u696d<\/span><\/h3>\n
\u4e2d\u9593\u671f\u4e0a\u65b9\u4fee\u6b63\u3002\u58f2\u4e0a\u306e\u4e00\u90e8\u304c\u4e0a\u671f\u306b\u524d\u5012\u3057\u8a08\u4e0a\u3068\u306a\u3063\u305f\u305f\u3081\u3068\u306e\u3053\u3068\u3002\u696d\u7e3e\u81ea\u4f53\u306f\u597d\u8abf\u3067\u3059\u304c\u3001\u4e88\u60f3PER20\u500d\u7a0b\u5ea6\u3068\u5272\u5b89\u9298\u67c4\u3067\u306f\u306a\u3044\u3053\u3068\u3084\u53d6\u5f97\u682a\u4fa1\u304c\u82e5\u5e72\u9ad8\u3081\u3060\u3063\u305f\u3053\u3068\u3001\u4ed6\u306b\u6b32\u3057\u3044\u9298\u67c4\u304c\u3042\u308b\u305f\u3081\u3001\u3044\u3063\u305f\u3093\u64a4\u9000\u3068\u3057\u307e\u3057\u305f\u3002<\/p>\n
![\"20160927_006\"](\"http:\/\/value-investment.uekenweb.com\/wp-content\/uploads\/2016\/09\/20160927_006.jpg\")
\n2017\u5e742\u6708\u671f\u306f\u7b2c6\u671f\u4e2d\u671f\u7d4c\u55b6\u8a08\u753b\u306e\u6700\u7d42\u5e74\u5ea6\u306b\u3042\u305f\u308b\u305f\u3081\u3001\u3055\u3089\u306a\u308b\u30b9\u30c6\u30c3\u30d7\u30a2\u30c3\u30d7\u3092\u76ee\u6307\u3059\u8a08\u753b\u3082\u6765\u5e74\u5ea6\u4ee5\u964d\u306e\u7b56\u5b9a\u304c\u671f\u5f85\u3055\u308c\u307e\u3059\u3002\u4eca\u5f8c\u8981\u30c1\u30a7\u30c3\u30af\u3068\u3044\u3046\u3053\u3068\u3067\u3002<\/p>\n
![\"20160927_005\"](\"http:\/\/value-investment.uekenweb.com\/wp-content\/uploads\/2016\/09\/20160927_005.jpg\")
\n\u4eca\u5f8c\u306e\u65b9\u91dd<\/span><\/h2>\n
\u4e2d\u671f\u8a08\u753b\u306e\u8a71\u3070\u304b\u308a\u306b\u306a\u3063\u3066\u3057\u307e\u3044\u307e\u3057\u305f\u304c\u3001\u7c21\u5358\u306b\u4e2d\u671f\u8a08\u753b\u3092\u767a\u8868\u3057\u3066\u3044\u308b\u9298\u67c4\u3092\u63a2\u3059\u65b9\u6cd5\u306f\u30b3\u30c1\u30e9\u306e\u30d6\u30ed\u30b0\u306b\u8a18\u8f09\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n
- 3.2<\/span> 4687 TDC\u30bd\u30d5\u30c8\u30a6\u30a8\u30a2\u30a8\u30f3\u30b8\u30cb\u30a2\u30ea\u30f3\u30b0<\/a><\/li>
- 2<\/span> \u30b3\u30e1\u30f3\u30c8<\/a><\/li>