{"id":2181,"date":"2025-11-29T13:30:37","date_gmt":"2025-11-29T04:30:37","guid":{"rendered":"https:\/\/soto-kouro.com\/?p=2181"},"modified":"2025-11-29T13:34:30","modified_gmt":"2025-11-29T04:34:30","slug":"eneos-vs-%e5%87%ba%e5%85%89%e8%88%88%e7%94%a3%ef%bd%9c%e3%81%a9%e3%81%a3%e3%81%a1%e3%81%8c%e9%95%b7%e6%9c%9f%e5%90%91%e3%81%8d%ef%bc%9f%e9%85%8d%e5%bd%93%e3%83%bbpbr%e3%83%bb%e9%82%84%e5%85%83","status":"publish","type":"post","link":"https:\/\/soto-kouro.com\/?p=2181","title":{"rendered":"ENEOS vs \u51fa\u5149\u8208\u7523\uff5c\u3069\u3063\u3061\u304c\u9577\u671f\u5411\u304d\uff1f\u914d\u5f53\u30fbPBR\u30fb\u9084\u5143\u6bd4\u8f03"},"content":{"rendered":"\n<p>\u6295\u8cc7\u3092\u7d9a\u3051\u3066\u3044\u308b\u3068\u3001<span class=\"st-mymarker-s\">\u77ed\u671f\u7684\u306a\u5024\u52d5\u304d\u306b\u5de6\u53f3\u3055\u308c\u306a\u3044\u9577\u671f\u3067\u5b89\u5fc3\u3057\u3066\u6301\u3066\u308b\u9298\u67c4<\/span>\u304c\u6b32\u3057\u304f\u306a\u308a\u307e\u3059\u3088\u306d\u3002\u7279\u306b\u3001FIRE\u3084\u65e9\u671f\u30ea\u30bf\u30a4\u30a2\u3092\u76ee\u6307\u3059\u4eba\u306b\u3068\u3063\u3066\u306f\u3001\u5b89\u5b9a\u3057\u305f\u914d\u5f53\u3084\u682a\u4e3b\u9084\u5143\u306e\u65b9\u91dd\u304c\u3001\u65e5\u3005\u306e\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u3092\u652f\u3048\u308b\u91cd\u8981\u306a\u571f\u53f0\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p>2025\u5e74\u73fe\u5728\u3001\u65e5\u672c\u306e\u30a8\u30cd\u30eb\u30ae\u30fc\u682a\u306e\u4e2d\u3067\u3082\u6ce8\u76ee\u5ea6\u304c\u9ad8\u3044\u306e\u304c\u3001ENEOS\u30db\u30fc\u30eb\u30c7\u30a3\u30f3\u30b0\u30b9\uff085020\uff09<strong>\u3068<\/strong>\u51fa\u5149\u8208\u7523\uff085019\uff09\u3067\u3059\u3002\u3068\u3082\u306b\u65e5\u672c\u3092\u4ee3\u8868\u3059\u308b\u77f3\u6cb9\u5143\u58f2\u308a\u4f01\u696d\u3067\u3042\u308a\u306a\u304c\u3089\u3001\u7d4c\u55b6\u65b9\u91dd\u3084\u6210\u9577\u6226\u7565\u306b\u306f\u660e\u78ba\u306a\u9055\u3044\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u3053\u306e\u8a18\u4e8b\u3067\u306f<span class=\"st-mymarker-s-b\">\u3001<strong>\u914d\u5f53\u30fbPBR\u30fb\u682a\u4e3b\u9084\u5143<\/strong>\u3068\u3044\u3046\u9577\u671f\u6295\u8cc7\u306e\u8ef8\u3067\u3001\u4e21\u793e\u3092\u6700\u65b0\u30c7\u30fc\u30bf\u304b\u3089\u6bd4\u8f03<\/span>\u3057\u307e\u3059\u3002\u6700\u7d42\u7684\u306b\u9577\u671f\u5411\u304d\u306f\u3069\u3061\u3089\u304b\uff1f\u307e\u3067\u8e0f\u307f\u8fbc\u307f\u305f\u3044\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img decoding=\"async\" width=\"1024\" height=\"538\" src=\"https:\/\/soto-kouro.com\/wp-content\/uploads\/2025\/11\/\u9ad8\u914d\u5f53\u682a\u306e\u7f60-1-1024x538.png\" alt=\"\" class=\"wp-image-2183\" srcset=\"https:\/\/soto-kouro.com\/wp-content\/uploads\/2025\/11\/\u9ad8\u914d\u5f53\u682a\u306e\u7f60-1-1024x538.png 1024w, https:\/\/soto-kouro.com\/wp-content\/uploads\/2025\/11\/\u9ad8\u914d\u5f53\u682a\u306e\u7f60-1-300x158.png 300w, https:\/\/soto-kouro.com\/wp-content\/uploads\/2025\/11\/\u9ad8\u914d\u5f53\u682a\u306e\u7f60-1-768x403.png 768w, https:\/\/soto-kouro.com\/wp-content\/uploads\/2025\/11\/\u9ad8\u914d\u5f53\u682a\u306e\u7f60-1.png 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure><\/div>\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">ENEOS\u3068\u51fa\u5149\u8208\u7523\u306e\u57fa\u672c\u6bd4\u8f03\uff1a\u898f\u6a21\u3068\u6226\u7565\u306e\u9055\u3044<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">ENEOS\uff1a\u56fd\u5185\u6700\u5927\u306e\u300c\u5b89\u5b9a\u306e\u5de8\u4eba\u300d<\/h3>\n\n\n\n<p>ENEOS\u306f\u56fd\u5185\u30b7\u30a7\u30a2\u6700\u5927\u306e\u77f3\u6cb9\u5143\u58f2\u308a\u4f01\u696d\u3067\u30012025\u5e743\u6708\u671f\u306e\u58f2\u4e0a\u9ad8\u306f\u304a\u3088\u305d15\u5146\u5186\u898f\u6a21\u3002<span class=\"st-mymarker-s-b\">\u30ac\u30bd\u30ea\u30f3\u30b9\u30bf\u30f3\u30c9\u7db2\u306e\u5727\u5012\u7684\u306a\u5e83\u3055\u306b\u52a0\u3048\u3001\u91d1\u5c5e\u30fb\u518d\u30a8\u30cd\u306a\u3069\u591a\u89d2\u5316<\/span>\u3082\u9032\u3093\u3067\u3044\u307e\u3059\u3002<br>\u9700\u8981\u306e\u5f71\u97ff\u3092\u53d7\u3051\u308b\u696d\u754c\u3067\u3042\u308a\u306a\u304c\u3089\u3001\u4e8b\u696d\u898f\u6a21\u305d\u306e\u3082\u306e\u304c\u666f\u6c17\u5f8c\u9000\u6642\u306e\u30af\u30c3\u30b7\u30e7\u30f3\u3068\u3057\u3066\u6a5f\u80fd\u3057\u3084\u3059\u3044\u306e\u304c\u7279\u5fb4\u3067\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u51fa\u5149\u8208\u7523\uff1a\u300c\u5909\u9769\u3092\u6025\u3050\u6311\u6226\u8005\u300d<\/h3>\n\n\n\n<p>\u662d\u548c\u30b7\u30a7\u30eb\u77f3\u6cb9\u3068\u306e\u7d71\u5408\u5f8c\u3001\u58f2\u4e0a\u9ad8\u306f\u7d047.9\u5146\u5186\uff082025\u5e74\u4e88\u60f3\uff09\u3002ENEOS\u3088\u308a\u5c0f\u898f\u6a21\u3067\u3059\u304c\u3001<span class=\"st-mymarker-s-b\">\u6709\u6a5fEL\u6750\u6599\u306a\u3069\u306e\u9ad8\u6a5f\u80fd\u7d20\u6750\u5206\u91ce\u3067\u5dee\u5225\u5316<\/span>\u3092\u9032\u3081\u3066\u3044\u307e\u3059\u3002<br>\u77f3\u6cb9\u4f9d\u5b58\u304b\u3089\u306e\u8131\u70ad\u7d20\u3001\u7d20\u6750\u91cd\u8996\u3078\u306e\u30b7\u30d5\u30c8\u304c\u901f\u304f\u3001\u5c06\u6765\u7684\u306a\u30a2\u30c3\u30d7\u30b5\u30a4\u30c9\u3092\u611f\u3058\u3055\u305b\u308b\u6226\u7565\u3067\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u6700\u65b0\u6c7a\u7b97\u304b\u3089\u898b\u308b\u8db3\u8170\u306e\u5f37\u3055<\/h3>\n\n\n\n<p>2025\u5e74\u4e0a\u671f\u306f\u539f\u6cb9\u5b89\u306e\u9006\u98a8\u304c\u3042\u308a\u307e\u3057\u305f\u304c\u3001\u5728\u5eab\u5f71\u97ff\u3092\u9664\u3044\u305f\u696d\u7e3e\u3067\u306f\u3001ENEOS\u304c\u55b6\u696d\u5229\u76ca\u30922,735\u5104\u5186\u307e\u3067\u56de\u5fa9\u3002<br>\u51fa\u5149\u3082\u9ad8\u6a5f\u80fd\u6750\u304c\u5805\u8abf\u3067\u3001\u901a\u671f\u4e88\u60f3\u3092\u7dad\u6301\u3059\u308b\u306a\u3069\u3001\u4e21\u793e\u3068\u3082\u8ca1\u52d9\u5065\u5168\u6027\u306f\u6539\u5584\u50be\u5411\u3067\u3059\u3002<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">\u914d\u5f53\u6bd4\u8f03\uff1a\u5b89\u5b9a\u5fd7\u5411\u306a\u3089ENEOS\u3001\u5229\u56de\u308a\u306a\u3089\u51fa\u5149\u8208\u7523<\/h2>\n\n\n\n<p>\u914d\u5f53\u306f\u9577\u671f\u6295\u8cc7\u306b\u304a\u3051\u308b\u6700\u91cd\u8981\u30c6\u30fc\u30de\u306e\u3072\u3068\u3064\u3067\u3059\u3002\u3053\u3053\u3067\u306f2025\u5e7411\u6708\u6642\u70b9\u306e\u60c5\u5831\u3092\u57fa\u306b\u6bd4\u8f03\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">ENEOS\u306e\u914d\u5f53\uff1a\u9023\u7d9a\u5897\u914d\uff06\u4f59\u88d5\u3042\u308b\u914d\u5f53\u6027\u5411<\/h3>\n\n\n\n<p>ENEOS\u306f<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u4e2d\u959317\u5186\uff08\u524d\u5e74\u6bd4+4\u5186\uff09<\/strong><\/li>\n\n\n\n<li><strong>\u671f\u672b17\u5186\u4e88\u60f3<\/strong><br>\u2192 <strong>\u5e74\u959334\u5186<\/strong><\/li>\n<\/ul>\n\n\n\n<p>\u914d\u5f53\u5229\u56de\u308a\u306f\u7d043.30%\u3002\u914d\u5f53\u6027\u5411\u306f <strong>32.51%<\/strong> \u3068\u4f59\u88d5\u304c\u3042\u308a\u3001\u4eca\u5f8c\u3082\u5b89\u5b9a\u914d\u5f53\u3092\u7d99\u7d9a\u3067\u304d\u308b\u61d0\u306e\u6df1\u3055\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p>ENEOS\u306f\u3001\u5728\u5eab\u5f71\u97ff\u3092\u9664\u304f\u5229\u76ca\u306b\u5bfe\u3057\u3066<span class=\"st-mymarker-s\">\u300c50%\u4ee5\u4e0a\u3092\u914d\u5f53\u30fb\u81ea\u793e\u682a\u8cb7\u3044\u3078\u300d<\/span>\u3068\u3044\u3046\u65b9\u91dd\u3092\u63b2\u3052\u3066\u304a\u308a\u3001\u6295\u8cc7\u5bb6\u306b\u4e88\u6e2c\u53ef\u80fd\u6027\u3092\u63d0\u4f9b\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u51fa\u5149\u8208\u7523\u306e\u914d\u5f53\uff1a\u5229\u56de\u308a\u306f\u4e0a\u3060\u304c\u3001\u5b89\u5b9a\u611f\u306b\u8ab2\u984c<\/h3>\n\n\n\n<p>\u51fa\u5149\u8208\u7523\u306f<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u5e74\u959336\u5186\uff08\u4e2d\u959318\u5186\uff0b\u671f\u672b18\u5186\uff09<\/strong><\/li>\n\n\n\n<li>\u660e\u78ba\u306a\u4e0b\u9650\u914d\u5f53\u3092\u8a2d\u5b9a<\/li>\n<\/ul>\n\n\n\n<p>\u5229\u56de\u308a\u306f\u7d043.66%\u3067ENEOS\u3092\u4e0a\u56de\u308a\u307e\u3059\u3002\u305f\u3060\u3057<span class=\"st-mymarker-s\">\u914d\u5f53\u6027\u5411\u306f <strong>46.25%<\/strong> \u3068\u3084\u3084\u91cd\u304f\u3001\u904e\u53bb\u306b\u696d\u7e3e\u60aa\u5316\u3067\u6e1b\u914d\u3057\u305f\u5e74<\/span>\u3082\u3042\u308a\u3001\u5b89\u5b9a\u611f\u3067\u306fENEOS\u306b\u52a3\u308b\u5370\u8c61\u3067\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">2025\u5e74\u6700\u65b0\u30fb\u914d\u5f53\u6bd4\u8f03\u8868<\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\u9805\u76ee<\/th><th>ENEOS<\/th><th>\u51fa\u5149\u8208\u7523<\/th><\/tr><\/thead><tbody><tr><td>\u5e74\u9593\u914d\u5f53<\/td><td>34\u5186<\/td><td>36\u5186<\/td><\/tr><tr><td>\u914d\u5f53\u5229\u56de\u308a<\/td><td>\u7d043.30%<\/td><td>\u7d043.66%<\/td><\/tr><tr><td>\u914d\u5f53\u6027\u5411<\/td><td>32.51%<\/td><td>46.25%<\/td><\/tr><tr><td>\u50be\u5411<\/td><td>\u9023\u7d9a\u5897\u914d<\/td><td>\u4e0b\u9650\u7dad\u6301\u4e2d\u5fc3<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><span class=\"st-mymarker-s\">\u5b89\u5b9a\u5fd7\u5411\u306eFIRE\u6295\u8cc7\u5bb6\u306a\u3089\u30e9\u30a4\u30f3\u306fENEOS\u3002\u5229\u56de\u308a\u91cd\u8996\u6d3e\u306f\u51fa\u5149<\/span>\u3002\u3068\u3044\u3046\u69cb\u56f3\u304c\u5206\u304b\u308a\u3084\u3059\u3044\u7d50\u8ad6\u3067\u3059\u3002<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">PBR\u6bd4\u8f03\uff1a\u5272\u5b89\u5ea6\u3068\u4eca\u5f8c\u306e\u4e0a\u6607\u4f59\u5730\u3092\u63a2\u308b<\/h2>\n\n\n\n<p>PBR\uff08\u682a\u4fa1\u7d14\u8cc7\u7523\u500d\u7387\uff09\u306f\u3001\u9577\u671f\u6295\u8cc7\u3067\u91cd\u8996\u3057\u305f\u3044\u6307\u6a19\u306e\u3072\u3068\u3064\u3067\u3059\u30021\u500d\u5272\u308c\u306e\u9298\u67c4\u306f\u30d0\u30ea\u30e5\u30fc\u682a\u3068\u3057\u3066\u898b\u3089\u308c\u3001\u9084\u5143\u5f37\u5316\u3067\u682a\u4fa1\u304c\u4e0a\u632f\u308c\u3059\u308b\u30b1\u30fc\u30b9\u3082\u591a\u3044\u50be\u5411\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">ENEOS\u306ePBR\u306f0.84\u500d\uff1a\u5272\u5b89\u30be\u30fc\u30f3\u3060\u304c\u6539\u5584\u57fa\u8abf<\/h3>\n\n\n\n<p>2025\u5e749\u6708\u672b\u306eENEOS\u306fPBR <strong>0.84\u500d<\/strong>\u3002<br>\u904e\u53bb10\u5e74\u3067\u898b\u3066\u3082\u4f4e\u3044\u6c34\u6e96\u3067\u3059\u304c\u3001ROE\u306f <strong>6.15%<\/strong> \u3068\u6539\u5584\u4e2d\u3002<br>2027\u5e74\u306b\u306fROE10%\u3092\u76ee\u6307\u3059\u3068\u3057\u3066\u304a\u308a\u3001\u8cc7\u672c\u52b9\u7387\u306e\u6539\u5584\u304c\u682a\u4fa1\u306e\u91cd\u3057\u3092\u5916\u3059\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u51fa\u5149\u8208\u7523\u306fPBR0.77\u500d\uff1a\u5272\u5b89\u5ea6\u306f\u3055\u3089\u306b\u5f37\u3044<\/h3>\n\n\n\n<p>\u51fa\u5149\u8208\u7523\u306f <strong>0.77\u500d<\/strong> \u3068ENEOS\u4ee5\u4e0a\u306b\u5272\u5b89\u3002<br>\u3057\u304b\u3057<span class=\"st-mymarker-s-b\">ROE\u306f <strong>2.98%<\/strong> \u3068\u4f4e\u304f\u3001\u5272\u5b89\u306e\u7406\u7531\u304c\u660e\u78ba<\/span>\u3067\u3059\u3002<br>\u305f\u3060\u3057\u3001\u7d4c\u55b6\u9663\u306fPBR1\u500d\u3092\u76ee\u6307\u3059\u3068\u5ba3\u8a00\u3057\u3066\u304a\u308a\u3001\u8cc7\u7523\u58f2\u5374\u3084\u69cb\u9020\u6539\u9769\u304c\u9032\u3081\u3070\u3001\u682a\u4fa1\u306e\u898b\u76f4\u3057\u304c\u9032\u3080\u53ef\u80fd\u6027\u306f\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u5272\u5b89\u306e\u7406\u7531\u304c\u91cd\u8981<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>ENEOS \u2192 \u898f\u6a21\u304c\u5927\u304d\u304f\u3001\u5229\u76ca\u7387\u304c\u5e73\u5747\u7684\u3067PBR\u304c\u4e0a\u304c\u308a\u306b\u304f\u3044\u3002<\/li>\n\n\n\n<li>\u51fa\u5149 \u2192 \u77f3\u70ad\u5e02\u6cc1\u60aa\u5316\u3001ROE\u4f4e\u8ff7\u3001\u69cb\u9020\u6539\u9769\u306e\u9014\u4e2d\u6bb5\u968e\u3002<\/li>\n<\/ul>\n\n\n\n<p>\u5b89\u5b9a\u3057\u3066\u5272\u5b89\u304b\u3001\u5909\u9769\u5f85\u3061\u306e\u5272\u5b89\u304b\u3002\u3053\u306e\u9055\u3044\u306f\u610f\u5916\u306b\u5927\u304d\u304f\u3001\u9577\u671f\u6295\u8cc7\u3067\u306f\u5fc3\u306e\u6301\u3061\u65b9\u306b\u3082\u5f71\u97ff\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">\u682a\u4e3b\u9084\u5143\u306e\u6bd4\u8f03\uff1a\u5b9f\u884c\u529b\u306fENEOS\u304c\u4e00\u6b69\u30ea\u30fc\u30c9<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">ENEOS\uff1a\u8cb7\u623b\u3057\u30fb\u914d\u5f53\u3068\u3082\u91cf\u3068\u5b9f\u884c\u529b\u304c\u3042\u308b<\/h3>\n\n\n\n<p>ENEOS\u306f2023\uff5e2024\u5e74\u5ea6\u306b\u304b\u3051\u3066<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u81ea\u793e\u682a\u8cb7\u3044 2,500\u5104\u5186\uff083,260\u4e07\u682a\uff09<\/strong><\/li>\n\n\n\n<li>2025\u5e744\u6708\u306b\u6d88\u5374<\/li>\n\n\n\n<li>\u7dcf\u9084\u5143\u6027\u5411 \uff1a <strong>50%\u4ee5\u4e0a<\/strong><\/li>\n<\/ul>\n\n\n\n<p>\u3055\u3089\u306b\u3001ROIC6%\u3092\u76ee\u6a19\u3068\u3059\u308b\u306a\u3069\u3001\u6307\u6a19\u3068\u9084\u5143\u306e\u9023\u52d5\u3092\u660e\u793a\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u51fa\u5149\u8208\u7523\uff1a\u65b9\u91dd\u306fENEOS\u306b\u8fd1\u3044\u304c\u5b9f\u7e3e\u306b\u5dee<\/h3>\n\n\n\n<p>\u51fa\u5149\u3082\u7dcf\u9084\u5143\u6027\u541150%\u4ee5\u4e0a\u3092\u63b2\u3052\u3066\u3044\u308b\u3082\u306e\u306e\u3001\u5b9f\u7e3e\u3067\u306fENEOS\u3088\u308a\u63a7\u3048\u3081\u3067\u3059\u3002<br>2025\u5e74\u306e\u7dcf\u9084\u5143\u984d\u306f\u7d041,500\u5104\u5186\u898f\u6a21\u3068\u63a8\u6e2c\u3055\u308c\u3001ENEOS\u306e\u534a\u5206\u7a0b\u5ea6\u3002\u898f\u6a21\u306e\u9055\u3044\u3082\u3042\u308a\u307e\u3059\u304c\u3001\u9084\u5143\u306e\u8feb\u529b\u3067\u306fENEOS\u304c\u4e00\u679a\u4e0a\u624b\u3067\u3059\u3002<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">\u9577\u671f\u5411\u304d\u306f\u3069\u3063\u3061\uff1f\u79c1\u306e\u7d50\u8ad6<\/h2>\n\n\n\n<p>\u7d50\u8ad6\u304b\u3089\u8a00\u3048\u3070\u3001<strong>\u9577\u671f\u6295\u8cc7\u30fbFIRE\u5fd7\u5411\u306b\u306fENEOS\u3092\u63a8\u5968\u3057\u307e\u3059\u3002<\/strong><\/p>\n\n\n\n<p>\u305d\u306e\u7406\u7531\u306f\u6b21\u306e3\u70b9\u3067\u3059\u3002<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>\u914d\u5f53\u306e\u5b89\u5b9a\u6027\u304c\u9ad8\u3044\uff08\u9023\u7d9a\u5897\u914d\u30fb\u6027\u541132%\u53f0\uff09<\/strong><\/li>\n\n\n\n<li><strong>PBR0.84\u500d\u3067\u307e\u3060\u5272\u5b89\u611f\u304c\u3042\u308b<\/strong><\/li>\n\n\n\n<li><strong>\u81ea\u793e\u682a\u8cb7\u3044\u3092\u542b\u3080\u682a\u4e3b\u9084\u5143\u306e\u5b9f\u884c\u529b\u304c\u9ad8\u3044<\/strong><\/li>\n<\/ol>\n\n\n\n<p>\u51fa\u5149\u8208\u7523\u306f\u5229\u56de\u308a\u304c\u9ad8\u304f\u3001\u7d20\u6750\u4e8b\u696d\u3068\u3044\u3046\u6210\u9577\u30b7\u30ca\u30ea\u30aa\u3082\u3042\u308a\u307e\u3059\u304c\u3001ROE\u306e\u4f4e\u3055\u3084\u904e\u53bb\u306e\u6e1b\u914d\u6b74\u3092\u8003\u3048\u308b\u3068\u3001<span class=\"st-mymarker-s-b\">ENEOS\u306b\u8ecd\u914d\u304c\u4e0a\u304c\u308b<\/span>\u3068\u611f\u3058\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u305f\u3060\u3057\u3001<span class=\"st-mymarker-s\">\u51fa\u5149\u8208\u7523\u306e\u5909\u9769\u4f59\u5730\u306f\u78ba\u304b\u306b\u5b58\u5728<\/span>\u3057\u3001\u30a8\u30cd\u30eb\u30ae\u30fc\u682a\u3067\u653b\u3081\u30dd\u30b8\u30b7\u30e7\u30f3\u3092\u4f5c\u308a\u305f\u3044\u306a\u3089\u3001\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306b\u7d44\u307f\u8fbc\u3080\u9078\u629e\u306f\u5341\u5206\u306b\u5408\u7406\u7684\u3067\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u6700\u5f8c\u306b\uff1a\u9577\u671f\u4fdd\u6709\u306e\u8996\u70b9\u3092\u5fd8\u308c\u306a\u3044<\/h3>\n\n\n\n<p>\u30a8\u30cd\u30eb\u30ae\u30fc\u682a\u306f\u666f\u6c17\u654f\u611f\u30fb\u8cc7\u6e90\u4fa1\u683c\u6b21\u7b2c\u3068\u3044\u3046\u9762\u306f\u3042\u308a\u307e\u3059\u304c\u3001\u6210\u719f\u4f01\u696d\u3060\u304b\u3089\u3053\u305d\u9084\u5143\u304c\u539a\u304f\u3001\u30a4\u30f3\u30ab\u30e0\u3092\u91cd\u8996\u3059\u308b\u6295\u8cc7\u5bb6\u306b\u306f\u9b45\u529b\u7684\u306a\u9818\u57df\u3067\u3059\u3002\u672c\u8a18\u4e8b\u304c\u3001\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u8a2d\u8a08\u306e\u30d2\u30f3\u30c8\u306b\u306a\u308c\u3070\u5b09\u3057\u304f\u601d\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p><span class=\"sankou\">\u95a2\u9023\u8a18\u4e8b<\/span><\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-fire wp-block-embed-fire\"><div class=\"wp-block-embed__wrapper\">\n<div><a href=\"https:\/\/soto-kouro.com\/?p=2105\" class=\"st-cardlink st-embed-cardlink\"><div class=\"kanren st-cardbox\"><dl class=\"clearfix\"><dt class=\"st-card-img\"><img decoding=\"async\" src=\"https:\/\/soto-kouro.com\/wp-content\/uploads\/2025\/11\/\u30b9\u30bf\u30fc\u30c6\u30a3\u30a2\u30db\u30fc\u30eb\u30c7\u30a3\u30f3\u30b0\u30b9\uff083393\uff09-1-1-150x150.png\" alt=\"\" width=\"100\" height=\"100\" \/><\/dt><dd><p class=\"st-cardbox-t\">ENEOS\u306f\u306a\u305c\u4eba\u6c17\u306a\u306e\u304b\uff5c\u77f3\u6cb9\uff0b\u8131\u70ad\u7d20\u3067\u6210\u9577\u3059\u308b\u30a8\u30cd\u30eb\u30ae\u30fc\u5927\u624b\u306e\u9b45\u529b\u3092\u5fb9\u5e95\u89e3\u8aac<\/p><div class=\"st-card-excerpt smanone\"><p>FIRE\u30fb\u8cc7\u7523\u5f62\u6210\u3092\u5fd7\u3059\u6295\u8cc7\u5bb6\u304c\u3001\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306b\u7d44\u307f\u5165\u308c\u308b\u9298\u67c4\u3092\u9078\u3076\u3068\u304d\u306b\u91cd\u8996\u3059\u308b\u306e\u306f\u3001\u5b89\u5b9a\u611f\u30fb\u4e8b\u696d\u306e\u6301\u7d9a\u6027\u30fb\u682a\u4e3b\u9084\u5143\u306e\u4e00\u8cab\u6027\u3067\u306f\u306a\u3044\u3067\u3057\u3087\u3046\u304b\u3002\u65e5\u672c\u6700\u5927\u306e\u30a8\u30cd\u30eb\u30ae\u30fc\u4f01\u696d\u3092ENEOS\u30db\u30fc\u30eb\u30c7\u30a3\u30f3\u30b0\u30b9 &#8230; <\/p><\/div><\/dd><\/dl><\/div><\/a><\/div>\n<\/div><\/figure>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-fire wp-block-embed-fire\"><div class=\"wp-block-embed__wrapper\">\n<div><a href=\"https:\/\/soto-kouro.com\/?p=2027\" class=\"st-cardlink st-embed-cardlink\"><div class=\"kanren st-cardbox\"><dl class=\"clearfix\"><dt class=\"st-card-img\"><img decoding=\"async\" src=\"https:\/\/soto-kouro.com\/wp-content\/uploads\/2025\/11\/\u77f3\u6cb9\u8cc7\u6e90\u958b\u767a-150x150.png\" alt=\"\" width=\"100\" height=\"100\" \/><\/dt><dd><p class=\"st-cardbox-t\">\u77f3\u6cb9\u8cc7\u6e90\u958b\u767a\uff081662\uff09\u306e\u9b45\u529b\uff5c\u5b89\u5b9a\u914d\u5f53\u30fb\u6210\u9577\u6027\u30fb\u5272\u5b89\u682a\u3068\u3057\u3066\u6ce8\u76ee<\/p><div class=\"st-card-excerpt smanone\"><p>\u77f3\u6cb9\u8cc7\u6e90\u958b\u767a\u682a\u5f0f\u4f1a\u793e\uff08JAPEX\u3001\u8a3c\u5238\u30b3\u30fc\u30c91662\uff09\u306f\u3001\u65e5\u672c\u3092\u4ee3\u8868\u3059\u308b\u30a8\u30cd\u30eb\u30ae\u30fc\u4f01\u696d\u3067\u3001\u539f\u6cb9\u30fb\u5929\u7136\u30ac\u30b9\u306e\u63a2\u9271\u30fb\u958b\u767a\u30fb\u751f\u7523\uff08E\uff06P\u4e8b\u696d\uff09\u3092\u4e2d\u6838\u306b\u3001\u30a4\u30f3\u30d5\u30e9\u30fb\u30e6\u30fc\u30c6\u30a3\u30ea\u30c6\u30a3\u4e8b\u696d\u3084\u305d\u306e\u4ed6\u591a\u89d2\u7684\u4e8b\u696d\u3082\u5c55\u958b\u3057 &#8230; <\/p><\/div><\/dd><\/dl><\/div><\/a><\/div>\n<\/div><\/figure>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-fire wp-block-embed-fire\"><div class=\"wp-block-embed__wrapper\">\n<div><a href=\"https:\/\/soto-kouro.com\/?p=1228\" class=\"st-cardlink st-embed-cardlink\"><div class=\"kanren st-cardbox\"><dl class=\"clearfix\"><dt class=\"st-card-img\"><img decoding=\"async\" src=\"https:\/\/soto-kouro.com\/wp-content\/uploads\/2025\/09\/\u30aa\u30ea\u30aa\u30f3\u30d3\u30fc\u30eb\u4e0a\u5834\uff01-150x150.png\" alt=\"\" width=\"100\" height=\"100\" \/><\/dt><dd><p class=\"st-cardbox-t\">\u30aa\u30ea\u30aa\u30f3\u30d3\u30fc\u30eb\u4e0a\u5834\uff01PER\u30fb\u914d\u5f53\u5229\u56de\u308a\u30fb\u682a\u4e3b\u512a\u5f85\u3067\u30a2\u30b5\u30d2\u30fb\u30ad\u30ea\u30f3\u30fb\u30b5\u30c3\u30dd\u30ed\u3068\u5fb9\u5e95\u6bd4\u8f03<\/p><div class=\"st-card-excerpt smanone\"><p>1. \u30aa\u30ea\u30aa\u30f3\u30d3\u30fc\u30eb\u4e0a\u5834\u306e\u6982\u8981 \u6c96\u7e04\u3092\u4ee3\u8868\u3059\u308b\u30d3\u30fc\u30eb\u30e1\u30fc\u30ab\u30fc\u300c\u30aa\u30ea\u30aa\u30f3\u30d3\u30fc\u30eb\u300d\u304c\u30012025\u5e749\u670825\u65e5\u3001\u6771\u4eac\u8a3c\u5238\u53d6\u5f15\u6240\u30d7\u30e9\u30a4\u30e0\u5e02\u5834\u306b\u4e0a\u5834\u3057\u307e\u3057\u305f\u3002 \u6c96\u7e04\u770c\u306e\u88fd\u9020\u696d\u3068\u3057\u3066\u306f\u521d\u306e\u4e0a\u5834\u3068\u306a\u308a\u3001\u5927\u304d\u306a\u8a71\u984c\u3092\u96c6 &#8230; <\/p><\/div><\/dd><\/dl><\/div><\/a><\/div>\n<\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>\u6295\u8cc7\u3092\u7d9a\u3051\u3066\u3044\u308b\u3068\u3001\u77ed\u671f\u7684\u306a\u5024\u52d5\u304d\u306b\u5de6\u53f3\u3055\u308c\u306a\u3044\u9577\u671f\u3067\u5b89\u5fc3\u3057\u3066\u6301\u3066\u308b\u9298\u67c4\u304c\u6b32\u3057\u304f\u306a\u308a\u307e\u3059\u3088\u306d\u3002\u7279\u306b\u3001FIRE\u3084\u65e9\u671f\u30ea\u30bf\u30a4\u30a2\u3092\u76ee\u6307\u3059\u4eba\u306b\u3068\u3063\u3066\u306f\u3001\u5b89\u5b9a\u3057\u305f\u914d\u5f53\u3084\u682a\u4e3b\u9084\u5143\u306e\u65b9\u91dd\u304c\u3001\u65e5\u3005\u306e\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u3092 &#8230; <\/p>\n","protected":false},"author":1,"featured_media":2183,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[201,206],"class_list":["post-2181","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-31","tag-eneos","tag-206"],"_links":{"self":[{"href":"https:\/\/soto-kouro.com\/index.php?rest_route=\/wp\/v2\/posts\/2181","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/soto-kouro.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/soto-kouro.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/soto-kouro.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/soto-kouro.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2181"}],"version-history":[{"count":3,"href":"https:\/\/soto-kouro.com\/index.php?rest_route=\/wp\/v2\/posts\/2181\/revisions"}],"predecessor-version":[{"id":2185,"href":"https:\/\/soto-kouro.com\/index.php?rest_route=\/wp\/v2\/posts\/2181\/revisions\/2185"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/soto-kouro.com\/index.php?rest_route=\/wp\/v2\/media\/2183"}],"wp:attachment":[{"href":"https:\/\/soto-kouro.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2181"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/soto-kouro.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2181"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/soto-kouro.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2181"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}