{"author_name":"kyorosukeke","description":"SGR\u306b\u3088\u308b\u6210\u9577\u7387\u306e\u5929\u4e95 \u6301\u7d9a\u53ef\u80fd\u6210\u9577\u7387\uff08Sustainable Growth Rate: SGR\uff09\u306f\u4f01\u696d\u304c\u5916\u90e8\u8cc7\u91d1\u8abf\u9054\u306a\u3057\u306b\u9054\u6210\u3067\u304d\u308b\u6210\u9577\u306e\u4e0a\u9650\u3092\u793a\u3059\u6307\u6a19\u3067\u3042\u308b\u3002SGR\u306f (\\text{ROE} \\times (1 - \\text{\u914d\u5f53\u6027\u5411})) \u3067\u7b97\u51fa\u3055\u308c\u3001\u5065\u5168\u306a\u8ca1\u52d9\u4f53\u8cea\u3092\u7dad\u6301\u3059\u308b\u4f01\u696d\uff08\u81ea\u5df1\u8cc7\u672c\u6bd4\u738730-50%\uff09\u3067\u306f\u3001ROE 15-20%\u3001\u914d\u5f53\u6027\u541140-50%\u3092\u524d\u63d0\u3068\u3059\u308b\u3068\u3001SGR\u306f\u6982\u306d8-12%\u7a0b\u5ea6\u306b\u53ce\u6582\u3059\u308b\u3002 \u4eee\u306bROE 25%\u3001\u7121\u914d\u3092\u524d\u63d0\u3068\u3057\u3066\u3082\u3001SGR\u306f25%\u304c\u4e0a\u9650\u3068\u306a\u308b\u3002\u3053\u308c\u3092\u8d85\u3048\u308b\u6210\u9577\u306f\u3001\u5b9a\u7fa9\u4e0a\u3001\u5916\u90e8\u304b\u3089\u306e\u8cc7\u672c\u6ce8\u5165\u304b\u50b5\u52d9\u306e\u5897\u52a0\u3092\u5fc5\u8981\u3068\u3059\u308b\u3002\u30d4\u30fc\u30bf\u30fc\u30fb\u30ea\u30f3\u30c1\u304c25%\u4ee5\u4e0a\u306e\u6210\u9577\u7387\u306b\u2026","categories":[],"type":"rich","image_url":null,"version":"1.0","title":"\u9ad8\u6210\u9577\u306e\u7f60\uff1a\u30d4\u30fc\u30bf\u30fc\u30fb\u30ea\u30f3\u30c1\u306e25%\u6210\u9577\u7387\u8b66\u544a\u3068\u6301\u7d9a\u53ef\u80fd\u6210\u9577\u7387\u306e\u5236\u7d04","provider_url":"https://hatena.blog","height":"190","author_url":"https://blog.hatena.ne.jp/kyorosukeke/","html":"<iframe src=\"https://hatenablog-parts.com/embed?url=https%3A%2F%2Fkyorosukeke.hatenablog.com%2Fentry%2F2026%2F01%2F15%2F225656\" title=\"\u9ad8\u6210\u9577\u306e\u7f60\uff1a\u30d4\u30fc\u30bf\u30fc\u30fb\u30ea\u30f3\u30c1\u306e25%\u6210\u9577\u7387\u8b66\u544a\u3068\u6301\u7d9a\u53ef\u80fd\u6210\u9577\u7387\u306e\u5236\u7d04 - \u3068\u3042\u308b\u6295\u8cc7\u5bb6\u306e\u5b66\u7fd2\u5e33\" class=\"embed-card embed-blogcard\" scrolling=\"no\" frameborder=\"0\" style=\"display: block; width: 100%; height: 190px; max-width: 500px; margin: 10px 0px;\"></iframe>","blog_title":"\u3068\u3042\u308b\u6295\u8cc7\u5bb6\u306e\u5b66\u7fd2\u5e33","published":"2026-01-15 22:56:56","provider_name":"Hatena Blog","width":"100%","blog_url":"https://kyorosukeke.hatenablog.com/","url":"https://kyorosukeke.hatenablog.com/entry/2026/01/15/225656"}