{"id":23,"date":"2023-12-05T11:43:19","date_gmt":"2023-12-05T03:43:19","guid":{"rendered":"https:\/\/34.145.120.116\/?p=23"},"modified":"2025-09-30T17:42:50","modified_gmt":"2025-09-30T09:42:50","slug":"icm-basics","status":"publish","type":"post","link":"https:\/\/japan.gtowizard.com\/blog\/icm-basics\/","title":{"rendered":"ICM\u306e\u57fa\u672c"},"content":{"rendered":"<section class=\"wpb-content-wrapper\"><p>[vc_row][vc_column][vc_column_text]<\/p>\n<h1 style=\"text-align: center;\"><strong>ICM\u306e\u57fa\u672c<\/strong><\/h1>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<\/p>\n<p><span style=\"font-weight: 400;\">\u30c8\u30fc\u30ca\u30e1\u30f3\u30c8\u30d7\u30ec\u30a4\u30e4\u30fc\u3067\u3042\u308c\u3070\u4e00\u5ea6\u306f\u300cICM\u300d\u3068\u3044\u3046\u6982\u5ff5\u306b\u3064\u3044\u3066\u805e\u3044\u305f\u3053\u3068\u304c\u3042\u308b\u3068\u601d\u3044\u307e\u3059\u3002\u3053\u306e\u8a18\u4e8b\u3067\u306fICM\u306e\u57fa\u672c\u306b\u3064\u3044\u3066\u3054\u7d39\u4ecb\u3057\u307e\u3059\u3002<\/span><\/p>\n<p>[\/vc_column_text][vc_column_text]<\/p>\n<p><b>ICM (Independent Chip Model) \u3068\u306f\u3001\u30c8\u30fc\u30ca\u30e1\u30f3\u30c8\u30b9\u30bf\u30c3\u30af\u3092\u5b9f\u969b\u306e\u91d1\u984d\u306b\u63db\u7b97\u3059\u308b\u65b9\u6cd5<\/b><span style=\"font-weight: 400;\">\u306e\u3053\u3068\u3067\u3059\u30021987\u5e74\u306bMason Malmuth\u306b\u3088\u3063\u3066\u521d\u3081\u3066\u30dd\u30fc\u30ab\u30fc\u306b\u4f7f\u308f\u308c\u307e\u3057\u305f<\/span><\/p>\n<p>[\/vc_column_text][vc_column_text]<\/p>\n<p><span style=\"font-weight: 400;\">\u3053\u306e\u30e2\u30c7\u30eb\u3067\u306f\u3001\u30b9\u30bf\u30c3\u30af\u306e\u5927\u304d\u3055\u3060\u3051\u3067\u30d7\u30ec\u30a4\u30e4\u30fc\u304c\u305d\u308c\u305e\u308c\u306e\u9806\u4f4d\uff081\u4f4d\u30012\u4f4d\u306a\u3069\uff09\u3067\u30d5\u30a3\u30cb\u30c3\u30b7\u30e5\u3059\u308b\u78ba\u7387\u3092\u8a08\u7b97\u3057\u3001\u305d\u306e\u9806\u4f4d\u306e\u8cde\u91d1\u306b\u57fa\u3065\u3044\u3066<\/span><b>\u30c8\u30fc\u30ca\u30e1\u30f3\u30c8\u30a8\u30af\u30a4\u30c6\u30a3<\/b><span style=\"font-weight: 400;\">\u3092\u5272\u308a\u5f53\u3066\u307e\u3059\u3002<\/span><\/p>\n<p>[\/vc_column_text][vc_column_text]<\/p>\n<p><b>\u30c8\u30fc\u30ca\u30e1\u30f3\u30c8\u30a8\u30af\u30a4\u30c6\u30a3\u3068\u306f<\/b><span style=\"font-weight: 400;\">\u3001\u30da\u30a4\u30a2\u30a6\u30c8\u30b9\u30c8\u30e9\u30af\u30c1\u30e3\u30fc\u3084\u81ea\u5206\u306e\u73fe\u5728\u306e\u9806\u4f4d\u3001\u30b9\u30bf\u30c3\u30af\u30b5\u30a4\u30ba\u3092\u8003\u616e\u3057\u305f\u4e0a\u3067\u3001<\/span><b>\u6b8b\u308a\u306e\u8cde\u91d1\u304c\u3069\u306e\u3088\u3046\u306b\u5206\u914d\u3055\u308c\u308b\u304b\u4e88\u60f3\u3057\u305f\u3082\u306e\u3067\u3059\u3002<\/b><\/p>\n<p>[\/vc_column_text][vc_row_inner][vc_column_inner][vc_column_text]<\/p>\n<h2>\u76ee\u6b21<\/h2>\n<p>[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;1\/2&#8243;]<div class=\"standard-arrow\"><ul>\n<li><a href=\"#why\">ICM\u306e\u5b58\u5728\u610f\u7fa9\u3068\u306f?<\/a><\/li>\n<li><a href=\"#how\">ICM\u306e\u8a08\u7b97\u65b9\u6cd5<\/a><\/li>\n<li><a href=\"#how_leverage\">\u6d3b\u7528\u65b9\u6cd5<\/a><\/li>\n<li><a href=\"#risk_premium\">\u30ea\u30b9\u30af\u30d7\u30ec\u30df\u30a2\u30e0<\/a><\/li>\n<\/ul>\n<\/div>[\/vc_column][vc_column width=&#8221;1\/2&#8243;]<div class=\"standard-arrow\"><ul>\n<li><a href=\"#general_heuristics\">\u5168\u4f53\u7684\u306a\u50be\u5411\u3068\u52b9\u679c<\/a><\/li>\n<li><a href=\"#limitations\">ICM\u306e\u9650\u754c<\/a><\/li>\n<li><a href=\"#alternative_models\">\u4ee3\u308f\u308a\u306e\u30e2\u30c7\u30eb<\/a><\/li>\n<li><a href=\"#conclusion\">\u307e\u3068\u3081<\/a><\/li>\n<\/ul>\n<\/div>[\/vc_column][\/vc_row][vc_row el_id=&#8221;why&#8221;][vc_column][vc_column_text]<\/p>\n<h2>ICM\u306e\u5b58\u5728\u610f\u7fa9\u3068\u306f<\/h2>\n<p>[\/vc_column_text][vc_column_text]<\/p>\n<p><span style=\"font-weight: 400;\">\u30ad\u30e3\u30c3\u30b7\u30e5\u30b2\u30fc\u30e0\u3067\u306f\u3001\u5168\u3066\u306e\u30c1\u30c3\u30d7\u306e\u91d1\u92ad\u7684\u306a\u4fa1\u5024\u306f\u3001\u30c1\u30c3\u30d7\u306e\u91cf\u306b\u6bd4\u4f8b\u3057\u307e\u3059\u3002\u4f8b\u3048\u3070\u30b9\u30bf\u30c3\u30af\u304c2\u500d\u306b\u5897\u3048\u308c\u3070\u3001\u30c1\u30c3\u30d7\u306e\u4fa1\u5024\u30822\u500d\u306b\u306a\u308a\u307e\u3059\u3002<\/span><\/p>\n<p>[\/vc_column_text][vc_column_text]<\/p>\n<p><span style=\"font-weight: 400;\">\u3057\u304b\u3057\u30c8\u30fc\u30ca\u30e1\u30f3\u30c8\u3067\u306f\u3001\u30c1\u30c3\u30d7\u306e\u4fa1\u5024\u306f\u30c1\u30c3\u30d7\u306e\u91cf\u306b\u306f\u6bd4\u4f8b\u3057\u307e\u305b\u3093\u3002<\/span><b>\u30b9\u30bf\u30c3\u30af\u304c2\u500d\u306b\u306a\u3063\u3066\u3082\u30b9\u30bf\u30c3\u30af\u306e\u91d1\u92ad\u7684\u306a\u4fa1\u5024\u306f2\u500d\u306b\u306f\u306a\u3089\u306a\u3044\u306e\u3067\u3059\u3002<\/b><\/p>\n<p>[\/vc_column_text][vc_column_text]<\/p>\n<p><span style=\"font-weight: 400;\">\u30c1\u30c3\u30d7\u306e\u4fa1\u5024\u304c\u30c1\u30c3\u30d7\u91cf\u3068\u6bd4\u4f8b\u3057\u306a\u3044\u305f\u3081\u3001\u30c8\u30fc\u30ca\u30e1\u30f3\u30c8\u3067\u306f\u30b9\u30bf\u30c3\u30af\u3092\u91d1\u92ad\u7684\u306a\u4fa1\u5024\u3068\u7d50\u3073\u3064\u3051\u308b\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002\u6226\u7565\u7684\u306a\u5224\u65ad\u3092\u4e0b\u3059\u305f\u3081\u306b\u306f\u3001\u30c1\u30c3\u30d7\u306e\u5897\u6e1b\u3067EV\u304c\u3069\u306e\u3088\u3046\u306b\u5909\u5316\u3059\u308b\u304b\u77e5\u308b\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002\u30c1\u30c3\u30d7EV\u3092$EV\u306b\u5909\u63db\u3059\u308b\u5f0f\u304c\u5fc5\u8981\u3067\u3059\u3002<\/span><\/p>\n<p>[\/vc_column_text][vc_column_text]<\/p>\n<p><span style=\"font-weight: 400;\">\u305d\u3053\u3067\u3001ICM\u306e\u51fa\u756a\u3067\u3059\u3002<\/span><\/p>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row el_id=&#8221;how&#8221;][vc_column][vc_column_text]<\/p>\n<h2>ICM\u306e\u8a08\u7b97\u65b9\u6cd5<\/h2>\n<p>[\/vc_column_text][vc_column_text]<\/p>\n<p><span style=\"font-weight: 400;\">ICM\u3067\u306f\u3001\u3059\u3079\u3066\u306e\u30d7\u30ec\u30a4\u30e4\u30fc\u306e\u30b9\u30ad\u30eb\u304c\u7b49\u3057\u3044\u306e\u304c\u524d\u63d0\u3067\u3001<\/span><b>\u52dd\u3064\u78ba\u7387\u306f\u30b7\u30f3\u30d7\u30eb\u306b\u30b9\u30bf\u30c3\u30af\u30b5\u30a4\u30ba\u3092\u57fa\u6e96\u306b\u3057\u3066\u3044\u307e\u3059\u3002<\/b><\/p>\n<p>[\/vc_column_text][vc_column_text]<\/p>\n<p><span style=\"font-weight: 400;\">ICM\u306f\u3001\u5404\u30d7\u30ec\u30a4\u30e4\u30fc\u304c1\u4f4d\u30012\u4f4d\u30013\u4f4d\u306a\u3069\u306b\u306a\u308b\u78ba\u7387\u3092\u8a08\u7b97\u3057\u3001\u305d\u306e\u78ba\u7387\u306b\u305d\u308c\u305e\u308c\u306e\u9806\u4f4d\u306e\u8cde\u91d1\u3092\u639b\u3051\u307e\u3059\u3002<\/span><\/p>\n<p>[\/vc_column_text][vc_column_text]<\/p>\n<p><b>\u30d7\u30ec\u30a4\u30e4\u30fc\u304c1\u4f4d\u306b\u306a\u308b\u78ba\u7387\u306f\u3001\u305d\u306e\u30d7\u30ec\u30a4\u30e4\u30fc\u306e\u30c1\u30c3\u30d7\u3092\u5168\u3066\u306e\u30c1\u30c3\u30d7\u306e\u7dcf\u91cf\u3067\u5272\u308c\u3070\u7c21\u5358\u306b\u8a08\u7b97\u3067\u304d\u307e\u3059\u304c\u3001<\/b><span style=\"font-weight: 400;\">2\u4f4d\u30683\u4f4d\u306e\u78ba\u7387\u306f\u3001\u3088\u308a\u8907\u96d1\u306a\u8a08\u7b97\u304c\u5fc5\u8981\u3067\u3059\u3002<\/span><\/p>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<\/p>\n<h3><b>\u4f8b<\/b><\/h3>\n<p>[\/vc_column_text][vc_column_text]<\/p>\n<p><span style=\"font-weight: 400;\">Tom\u3001Amy\u3001Bill\u304c\u53c2\u52a0\u4eba\u65703\u4eba\u306eSnG\u3092\u30d7\u30ec\u30a4\u3057\u3066\u3044\u307e\u3059\u3002\u30b9\u30bf\u30c3\u30af\u3068\u8cde\u91d1\u306f\u4ee5\u4e0b\u306e\u901a\u308a\u3067\u3059\u3002<\/span><\/p>\n<p>[\/vc_column_text]<style type=\"text\/css\" data-type=\"the7_shortcodes-inline-css\">.shortcode-single-image-wrap.shortcode-single-image-56e30af20b52ca9983819152fd995fb0.enable-bg-rollover .rollover i,\n.shortcode-single-image-wrap.shortcode-single-image-56e30af20b52ca9983819152fd995fb0.enable-bg-rollover .rollover-video i {\n  background: -webkit-linear-gradient();\n  background: linear-gradient();\n}\n.shortcode-single-image-wrap.shortcode-single-image-56e30af20b52ca9983819152fd995fb0 .rollover-icon {\n  font-size: 32px;\n  color: #ffffff;\n  min-width: 44px;\n  min-height: 44px;\n  line-height: 44px;\n  border-radius: 100px;\n  border-style: solid;\n  border-width: 0px;\n}\n.dt-icon-bg-on.shortcode-single-image-wrap.shortcode-single-image-56e30af20b52ca9983819152fd995fb0 .rollover-icon {\n  background: rgba(255,255,255,0.3);\n  box-shadow: none;\n}\n<\/style><div class=\"shortcode-single-image-wrap shortcode-single-image-56e30af20b52ca9983819152fd995fb0 alignnone  enable-bg-rollover dt-icon-bg-off\" style=\"margin-top:0px; margin-bottom:0px; margin-left:0px; margin-right:0px;\"><div class=\"shortcode-single-image\"><div class=\"fancy-media-wrap\" style=\"\"><a class=\"layzr-bg rollover rollover-zoom dt-pswp-item pswp-image\" href=\"https:\/\/japan.gtowizard.com\/wp-content\/uploads\/2023\/12\/icm-basics-image-12.png\" title=\"icm-basics-image-12\" data-dt-img-description=\"\" data-large_image_width=\"1089\" data-large_image_height = \"133\"  style=\"\"><img fetchpriority=\"high\" decoding=\"async\" class=\"preload-me lazy-load aspect\" src=\"data:image\/svg+xml,%3Csvg%20xmlns%3D&#39;http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg&#39;%20viewBox%3D&#39;0%200%201089%20133&#39;%2F%3E\" data-src=\"https:\/\/japan.gtowizard.com\/wp-content\/uploads\/2023\/12\/icm-basics-image-12.png\" data-srcset=\"https:\/\/japan.gtowizard.com\/wp-content\/uploads\/2023\/12\/icm-basics-image-12.png 1089w\" loading=\"eager\" style=\"--ratio: 1089 \/ 133\" sizes=\"(max-width: 1089px) 100vw, 1089px\" width=\"1089\" height=\"133\"  data-dt-location=\"https:\/\/japan.gtowizard.com\/blog\/icm-basics\/icm-basics-image-12\/\" alt=\"\" \/><\/a><\/div><\/div><\/div>[vc_column_text]<\/p>\n<h3><b>\u30d7\u30ec\u30a4\u30e4\u30fc\u306e\u30c8\u30fc\u30ca\u30e1\u30f3\u30c8\u30a8\u30af\u30a4\u30c6\u30a3\u3068\u306f?<\/b><\/h3>\n<p>[\/vc_column_text][vc_column_text]<\/p>\n<p><span style=\"font-weight: 400;\">\u307e\u305a\u306f1\u4f4d\u306e\u30a8\u30af\u30a4\u30c6\u30a3\u3092\u8a08\u7b97\u3057\u3066\u307f\u307e\u3057\u3087\u3046\u3002\u3053\u306e\u8a08\u7b97\u306f\u3068\u3066\u3082\u7c21\u5358\u3067\u3059\u3002\u512a\u52dd\u3059\u308b\u78ba\u7387\u306f\u3001\u5358\u7d14\u306b\u30b9\u30bf\u30c3\u30af\u3092\u30d7\u30ec\u30a4\u4e2d\u306e\u30c1\u30c3\u30d7\u306e\u7dcf\u91cf\u3067\u5272\u308c\u3070\u8a08\u7b97\u3067\u304d\u307e\u3059\u3002\u305d\u306e\u78ba\u7387\u306b1\u4f4d\u306e\u8cde\u91d1\u3092\u639b\u3051\u308b\u3068\u30011\u4f4d\u306e\u30a8\u30af\u30a4\u30c6\u30a3\u304c\u51fa\u305b\u307e\u3059\u3002<\/span><\/p>\n<p>[\/vc_column_text][vc_column_text]<\/p>\n<p><span style=\"font-weight: 400;\">\u5408\u8a08\u30c1\u30c3\u30d7\u306f1000\u679a\u3042\u308b\u3068\u3057\u307e\u3059\u3002<\/span><\/p>\n<p>[\/vc_column_text]<style type=\"text\/css\" data-type=\"the7_shortcodes-inline-css\">.shortcode-single-image-wrap.shortcode-single-image-2946b424e85f8f635259616e9c992e53.enable-bg-rollover .rollover i,\n.shortcode-single-image-wrap.shortcode-single-image-2946b424e85f8f635259616e9c992e53.enable-bg-rollover .rollover-video i {\n  background: -webkit-linear-gradient();\n  background: linear-gradient();\n}\n.shortcode-single-image-wrap.shortcode-single-image-2946b424e85f8f635259616e9c992e53 .rollover-icon {\n  font-size: 32px;\n  color: #ffffff;\n  min-width: 44px;\n  min-height: 44px;\n  line-height: 44px;\n  border-radius: 100px;\n  border-style: solid;\n  border-width: 0px;\n}\n.dt-icon-bg-on.shortcode-single-image-wrap.shortcode-single-image-2946b424e85f8f635259616e9c992e53 .rollover-icon {\n  background: rgba(255,255,255,0.3);\n  box-shadow: none;\n}\n<\/style><div class=\"shortcode-single-image-wrap shortcode-single-image-2946b424e85f8f635259616e9c992e53 alignnone  enable-bg-rollover dt-icon-bg-off\" style=\"margin-top:0px; margin-bottom:0px; margin-left:0px; margin-right:0px;\"><div class=\"shortcode-single-image\"><div class=\"fancy-media-wrap\" style=\"\"><a class=\"layzr-bg rollover rollover-zoom dt-pswp-item pswp-image\" href=\"https:\/\/japan.gtowizard.com\/wp-content\/uploads\/2023\/12\/icm-basics-image-3.png\" title=\"icm-basics-image-3\" data-dt-img-description=\"\" data-large_image_width=\"1089\" data-large_image_height = \"177\"  style=\"\"><img decoding=\"async\" class=\"preload-me lazy-load aspect\" src=\"data:image\/svg+xml,%3Csvg%20xmlns%3D&#39;http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg&#39;%20viewBox%3D&#39;0%200%201089%20177&#39;%2F%3E\" data-src=\"https:\/\/japan.gtowizard.com\/wp-content\/uploads\/2023\/12\/icm-basics-image-3.png\" data-srcset=\"https:\/\/japan.gtowizard.com\/wp-content\/uploads\/2023\/12\/icm-basics-image-3.png 1089w\" loading=\"eager\" style=\"--ratio: 1089 \/ 177\" sizes=\"(max-width: 1089px) 100vw, 1089px\" width=\"1089\" height=\"177\"  data-dt-location=\"https:\/\/japan.gtowizard.com\/blog\/icm-basics\/icm-basics-image-3\/\" alt=\"\" \/><\/a><\/div><\/div><\/div>[vc_column_text]<\/p>\n<p><span style=\"font-weight: 400;\">\u7d9a\u3044\u3066\u30012\u4f4d\u306e\u30a8\u30af\u30a4\u30c6\u30a3\u3092\u8a08\u7b97\u3057\u307e\u3059\u3002\u3053\u306e\u30b9\u30c6\u30c3\u30d7\u306f\u5148\u307b\u3069\u3088\u308a\u8907\u96d1\u3067\u3059\u304c\u3001\u624b\u8a08\u7b97\u3067\u3082\u53ef\u80fd\u3067\u3059\u30022\u4f4d\u306e\u78ba\u7387\u3092\u8a08\u7b97\u3059\u308b\u306b\u306f\u3001\u4ee5\u4e0b\u306e\u30b9\u30c6\u30c3\u30d7\u3067\u884c\u3044\u307e\u3059\u3002<\/span><\/p>\n<p>[\/vc_column_text]<div class=\"standard-number-list\"><ol>\n<li><span style=\"font-weight: 400;\">\u30d7\u30ec\u30a4\u30e4\u30fc\u306e\u3046\u30611\u4eba\u304c\u52dd\u3063\u305f\u3068\u3057\u3066\u3001\u305d\u306e\u30d7\u30ec\u30a4\u30e4\u30fc\u306e\u30c1\u30c3\u30d7\u3092\u5408\u8a08\u304b\u3089\u5916\u3057\u3001\u81ea\u5206\u306e\u30c1\u30c3\u30d7\u3092\u6b8b\u3063\u3066\u3044\u308b\u30c1\u30c3\u30d7\u306e\u5408\u8a08\u3067\u5272\u308a\u307e\u3059\u3002<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">1\u4f4d\u3092\u53d6\u308b\u5168\u3066\u306e\u30d1\u30fc\u30bf\u30f3\u3067\u30011.\u3092\u7e70\u308a\u8fd4\u3057\u307e\u3059\u3002<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u305d\u308c\u305e\u308c\u306e\u7d50\u679c\u306b\u3001\u4ed6\u306e\u30d7\u30ec\u30a4\u30e4\u30fc\u304c1\u4f4d\u3067\u52dd\u3064\u78ba\u7387\u3092\u639b\u3051\u307e\u3059\u3002<\/span><\/li>\n<\/ol>\n<\/div>[vc_column_text]<\/p>\n<p><span style=\"font-weight: 400;\">\u5b9f\u969b\u306b\u8a08\u7b97\u3057\u3066\u307f\u307e\u3057\u3087\u3046\u3002<\/span><\/p>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<\/p>\n<h4>2\u4f4d\u306e\u30a8\u30af\u30a4\u30c6\u30a3: Tom\u304c1\u4f4d\u306e\u5834\u5408(50%)<\/h4>\n<p>[\/vc_column_text]<style type=\"text\/css\" data-type=\"the7_shortcodes-inline-css\">.shortcode-single-image-wrap.shortcode-single-image-7a01d78f9bfd6342fc3a8a4b9bcc26b0.enable-bg-rollover .rollover i,\n.shortcode-single-image-wrap.shortcode-single-image-7a01d78f9bfd6342fc3a8a4b9bcc26b0.enable-bg-rollover .rollover-video i {\n  background: -webkit-linear-gradient();\n  background: linear-gradient();\n}\n.shortcode-single-image-wrap.shortcode-single-image-7a01d78f9bfd6342fc3a8a4b9bcc26b0 .rollover-icon {\n  font-size: 32px;\n  color: #ffffff;\n  min-width: 44px;\n  min-height: 44px;\n  line-height: 44px;\n  border-radius: 100px;\n  border-style: solid;\n  border-width: 0px;\n}\n.dt-icon-bg-on.shortcode-single-image-wrap.shortcode-single-image-7a01d78f9bfd6342fc3a8a4b9bcc26b0 .rollover-icon {\n  background: rgba(255,255,255,0.3);\n  box-shadow: none;\n}\n<\/style><div class=\"shortcode-single-image-wrap shortcode-single-image-7a01d78f9bfd6342fc3a8a4b9bcc26b0 alignnone  enable-bg-rollover dt-icon-bg-off\" style=\"margin-top:0px; margin-bottom:0px; margin-left:0px; margin-right:0px;\"><div class=\"shortcode-single-image\"><div class=\"fancy-media-wrap\" style=\"\"><a class=\"layzr-bg rollover rollover-zoom dt-pswp-item pswp-image\" href=\"https:\/\/japan.gtowizard.com\/wp-content\/uploads\/2023\/12\/icm-basics-image-4.png\" title=\"icm-basics-image-4\" data-dt-img-description=\"\" data-large_image_width=\"1089\" data-large_image_height = \"133\"  style=\"\"><img decoding=\"async\" class=\"preload-me lazy-load aspect\" src=\"data:image\/svg+xml,%3Csvg%20xmlns%3D&#39;http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg&#39;%20viewBox%3D&#39;0%200%201089%20133&#39;%2F%3E\" data-src=\"https:\/\/japan.gtowizard.com\/wp-content\/uploads\/2023\/12\/icm-basics-image-4.png\" data-srcset=\"https:\/\/japan.gtowizard.com\/wp-content\/uploads\/2023\/12\/icm-basics-image-4.png 1089w\" loading=\"eager\" style=\"--ratio: 1089 \/ 133\" sizes=\"(max-width: 1089px) 100vw, 1089px\" width=\"1089\" height=\"133\"  data-dt-location=\"https:\/\/japan.gtowizard.com\/blog\/icm-basics\/icm-basics-image-4\/\" alt=\"\" \/><\/a><\/div><\/div><\/div>[vc_column_text]<\/p>\n<h4>2\u4f4d\u306e\u30a8\u30af\u30a4\u30c6\u30a3: Amy\u304c1\u4f4d\u306e\u5834\u5408(30%)<\/h4>\n<p>[\/vc_column_text]<style type=\"text\/css\" data-type=\"the7_shortcodes-inline-css\">.shortcode-single-image-wrap.shortcode-single-image-fe18f03f84bd96b1e2c9e8b7b1e05051.enable-bg-rollover .rollover i,\n.shortcode-single-image-wrap.shortcode-single-image-fe18f03f84bd96b1e2c9e8b7b1e05051.enable-bg-rollover .rollover-video i {\n  background: -webkit-linear-gradient();\n  background: linear-gradient();\n}\n.shortcode-single-image-wrap.shortcode-single-image-fe18f03f84bd96b1e2c9e8b7b1e05051 .rollover-icon {\n  font-size: 32px;\n  color: #ffffff;\n  min-width: 44px;\n  min-height: 44px;\n  line-height: 44px;\n  border-radius: 100px;\n  border-style: solid;\n  border-width: 0px;\n}\n.dt-icon-bg-on.shortcode-single-image-wrap.shortcode-single-image-fe18f03f84bd96b1e2c9e8b7b1e05051 .rollover-icon {\n  background: rgba(255,255,255,0.3);\n  box-shadow: none;\n}\n<\/style><div class=\"shortcode-single-image-wrap shortcode-single-image-fe18f03f84bd96b1e2c9e8b7b1e05051 alignnone  enable-bg-rollover dt-icon-bg-off\" style=\"margin-top:0px; margin-bottom:0px; margin-left:0px; margin-right:0px;\"><div class=\"shortcode-single-image\"><div class=\"fancy-media-wrap\" style=\"\"><a class=\"layzr-bg rollover rollover-zoom dt-pswp-item pswp-image\" href=\"https:\/\/japan.gtowizard.com\/wp-content\/uploads\/2023\/12\/icm-basics-image-5.png\" title=\"icm-basics-image-5\" data-dt-img-description=\"\" data-large_image_width=\"1089\" data-large_image_height = \"133\"  style=\"\"><img decoding=\"async\" class=\"preload-me lazy-load aspect\" src=\"data:image\/svg+xml,%3Csvg%20xmlns%3D&#39;http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg&#39;%20viewBox%3D&#39;0%200%201089%20133&#39;%2F%3E\" data-src=\"https:\/\/japan.gtowizard.com\/wp-content\/uploads\/2023\/12\/icm-basics-image-5.png\" data-srcset=\"https:\/\/japan.gtowizard.com\/wp-content\/uploads\/2023\/12\/icm-basics-image-5.png 1089w\" loading=\"eager\" style=\"--ratio: 1089 \/ 133\" sizes=\"(max-width: 1089px) 100vw, 1089px\" width=\"1089\" height=\"133\"  data-dt-location=\"https:\/\/japan.gtowizard.com\/blog\/icm-basics\/icm-basics-image-5\/\" alt=\"\" \/><\/a><\/div><\/div><\/div>[vc_column_text]<\/p>\n<h4>2\u4f4d\u306e\u30a8\u30af\u30a4\u30c6\u30a3:Bill\u304c1\u4f4d\u306e\u5834\u5408: (20%)<\/h4>\n<p>[\/vc_column_text]<style type=\"text\/css\" data-type=\"the7_shortcodes-inline-css\">.shortcode-single-image-wrap.shortcode-single-image-3421a85424eec8d084dbce3cdd261fdf.enable-bg-rollover .rollover i,\n.shortcode-single-image-wrap.shortcode-single-image-3421a85424eec8d084dbce3cdd261fdf.enable-bg-rollover .rollover-video i {\n  background: -webkit-linear-gradient();\n  background: linear-gradient();\n}\n.shortcode-single-image-wrap.shortcode-single-image-3421a85424eec8d084dbce3cdd261fdf .rollover-icon {\n  font-size: 32px;\n  color: #ffffff;\n  min-width: 44px;\n  min-height: 44px;\n  line-height: 44px;\n  border-radius: 100px;\n  border-style: solid;\n  border-width: 0px;\n}\n.dt-icon-bg-on.shortcode-single-image-wrap.shortcode-single-image-3421a85424eec8d084dbce3cdd261fdf .rollover-icon {\n  background: rgba(255,255,255,0.3);\n  box-shadow: none;\n}\n<\/style><div class=\"shortcode-single-image-wrap shortcode-single-image-3421a85424eec8d084dbce3cdd261fdf alignnone  enable-bg-rollover dt-icon-bg-off\" style=\"margin-top:0px; margin-bottom:0px; margin-left:0px; margin-right:0px;\"><div class=\"shortcode-single-image\"><div class=\"fancy-media-wrap\" style=\"\"><a class=\"layzr-bg rollover rollover-zoom dt-pswp-item pswp-image\" href=\"https:\/\/japan.gtowizard.com\/wp-content\/uploads\/2023\/12\/icm-basics-image-6.png\" title=\"icm-basics-image-6\" data-dt-img-description=\"\" data-large_image_width=\"1089\" data-large_image_height = \"133\"  style=\"\"><img decoding=\"async\" class=\"preload-me lazy-load aspect\" src=\"data:image\/svg+xml,%3Csvg%20xmlns%3D&#39;http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg&#39;%20viewBox%3D&#39;0%200%201089%20133&#39;%2F%3E\" data-src=\"https:\/\/japan.gtowizard.com\/wp-content\/uploads\/2023\/12\/icm-basics-image-6.png\" data-srcset=\"https:\/\/japan.gtowizard.com\/wp-content\/uploads\/2023\/12\/icm-basics-image-6.png 1089w\" loading=\"eager\" style=\"--ratio: 1089 \/ 133\" sizes=\"(max-width: 1089px) 100vw, 1089px\" width=\"1089\" height=\"133\"  data-dt-location=\"https:\/\/japan.gtowizard.com\/blog\/icm-basics\/icm-basics-image-6\/\" alt=\"\" \/><\/a><\/div><\/div><\/div>[\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<\/p>\n<p><span style=\"font-weight: 400;\">\u6b21\u306b\u30012\u4f4d\u306e\u30a8\u30af\u30a4\u30c6\u30a3\u306b\u305d\u308c\u305e\u308c\u306e\u30d1\u30bf\u30fc\u30f3\u304c\u8d77\u3053\u308b\u78ba\u7387\u3092\u304b\u3051\u307e\u3059\u3002<\/span><\/p>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<\/p>\n<h4>2\u4f4d\u306e\u30a8\u30af\u30a4\u30c6\u30a3\u306e\u5408\u8a08<\/h4>\n<p>[\/vc_column_text]<style type=\"text\/css\" data-type=\"the7_shortcodes-inline-css\">.shortcode-single-image-wrap.shortcode-single-image-325ebfb2d14ebc7ec8f1f2ec84dfc13c.enable-bg-rollover .rollover i,\n.shortcode-single-image-wrap.shortcode-single-image-325ebfb2d14ebc7ec8f1f2ec84dfc13c.enable-bg-rollover .rollover-video i {\n  background: -webkit-linear-gradient();\n  background: linear-gradient();\n}\n.shortcode-single-image-wrap.shortcode-single-image-325ebfb2d14ebc7ec8f1f2ec84dfc13c .rollover-icon {\n  font-size: 32px;\n  color: #ffffff;\n  min-width: 44px;\n  min-height: 44px;\n  line-height: 44px;\n  border-radius: 100px;\n  border-style: solid;\n  border-width: 0px;\n}\n.dt-icon-bg-on.shortcode-single-image-wrap.shortcode-single-image-325ebfb2d14ebc7ec8f1f2ec84dfc13c .rollover-icon {\n  background: rgba(255,255,255,0.3);\n  box-shadow: none;\n}\n<\/style><div class=\"shortcode-single-image-wrap shortcode-single-image-325ebfb2d14ebc7ec8f1f2ec84dfc13c alignnone  enable-bg-rollover dt-icon-bg-off\" style=\"margin-top:0px; margin-bottom:0px; margin-left:0px; margin-right:0px;\"><div class=\"shortcode-single-image\"><div class=\"fancy-media-wrap\" style=\"\"><a class=\"layzr-bg rollover rollover-zoom dt-pswp-item pswp-image\" href=\"https:\/\/japan.gtowizard.com\/wp-content\/uploads\/2023\/12\/icm-basics-image-7.png\" title=\"icm-basics-image-7\" data-dt-img-description=\"\" data-large_image_width=\"1089\" data-large_image_height = \"177\"  style=\"\"><img decoding=\"async\" class=\"preload-me lazy-load aspect\" src=\"data:image\/svg+xml,%3Csvg%20xmlns%3D&#39;http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg&#39;%20viewBox%3D&#39;0%200%201089%20177&#39;%2F%3E\" data-src=\"https:\/\/japan.gtowizard.com\/wp-content\/uploads\/2023\/12\/icm-basics-image-7.png\" data-srcset=\"https:\/\/japan.gtowizard.com\/wp-content\/uploads\/2023\/12\/icm-basics-image-7.png 1089w\" loading=\"eager\" style=\"--ratio: 1089 \/ 177\" sizes=\"(max-width: 1089px) 100vw, 1089px\" width=\"1089\" height=\"177\"  data-dt-location=\"https:\/\/japan.gtowizard.com\/blog\/icm-basics\/icm-basics-image-7\/\" alt=\"\" \/><\/a><\/div><\/div><\/div>[vc_column_text]<\/p>\n<p><span style=\"font-weight: 400;\">\u3053\u308c\u3067\u30011\u4f4d\u30682\u4f4d\u306e\u30a8\u30af\u30a4\u30c6\u30a3\u3092\u5358\u7d14\u306b\u8db3\u305b\u3070\u3001\u30c8\u30fc\u30bf\u30eb\u306e\u30a8\u30af\u30a4\u30c6\u30a3\u3092\u8a08\u7b97\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002<\/span><\/p>\n<p>[\/vc_column_text]<style type=\"text\/css\" data-type=\"the7_shortcodes-inline-css\">.shortcode-single-image-wrap.shortcode-single-image-ea30e8d32b7e2facb707446e8c7b82d8.enable-bg-rollover .rollover i,\n.shortcode-single-image-wrap.shortcode-single-image-ea30e8d32b7e2facb707446e8c7b82d8.enable-bg-rollover .rollover-video i {\n  background: -webkit-linear-gradient();\n  background: linear-gradient();\n}\n.shortcode-single-image-wrap.shortcode-single-image-ea30e8d32b7e2facb707446e8c7b82d8 .rollover-icon {\n  font-size: 32px;\n  color: #ffffff;\n  min-width: 44px;\n  min-height: 44px;\n  line-height: 44px;\n  border-radius: 100px;\n  border-style: solid;\n  border-width: 0px;\n}\n.dt-icon-bg-on.shortcode-single-image-wrap.shortcode-single-image-ea30e8d32b7e2facb707446e8c7b82d8 .rollover-icon {\n  background: rgba(255,255,255,0.3);\n  box-shadow: none;\n}\n<\/style><div class=\"shortcode-single-image-wrap shortcode-single-image-ea30e8d32b7e2facb707446e8c7b82d8 alignnone  enable-bg-rollover dt-icon-bg-off\" style=\"margin-top:0px; margin-bottom:0px; margin-left:0px; margin-right:0px;\"><div class=\"shortcode-single-image\"><div class=\"fancy-media-wrap\" style=\"\"><a class=\"layzr-bg rollover rollover-zoom dt-pswp-item pswp-image\" href=\"https:\/\/japan.gtowizard.com\/wp-content\/uploads\/2023\/12\/icm-basics-image-8.png\" title=\"icm-basics-image-8\" data-dt-img-description=\"\" data-large_image_width=\"1089\" data-large_image_height = \"177\"  style=\"\"><img decoding=\"async\" class=\"preload-me lazy-load aspect\" src=\"data:image\/svg+xml,%3Csvg%20xmlns%3D&#39;http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg&#39;%20viewBox%3D&#39;0%200%201089%20177&#39;%2F%3E\" data-src=\"https:\/\/japan.gtowizard.com\/wp-content\/uploads\/2023\/12\/icm-basics-image-8.png\" data-srcset=\"https:\/\/japan.gtowizard.com\/wp-content\/uploads\/2023\/12\/icm-basics-image-8.png 1089w\" loading=\"eager\" style=\"--ratio: 1089 \/ 177\" sizes=\"(max-width: 1089px) 100vw, 1089px\" width=\"1089\" height=\"177\"  data-dt-location=\"https:\/\/japan.gtowizard.com\/blog\/icm-basics\/icm-basics-image-8\/\" alt=\"\" \/><\/a><\/div><\/div><\/div>[vc_column_text]<\/p>\n<p><span style=\"font-weight: 400;\">\u3054\u60f3\u50cf\u306e\u901a\u308a\u3001\u30d7\u30ec\u30a4\u30e4\u30fc\u306e\u4eba\u6570\u3084\u8cde\u91d1\u304c\u5897\u3048\u308b\u306b\u3064\u308c\u3001\u3053\u306e\u65b9\u6cd5\u306f\u6307\u6570\u95a2\u6570\u7684\u306b\u8907\u96d1\u306b\u306a\u308a\u307e\u3059\u3002\u5e78\u3044\u306a\u3053\u3068\u306b\u3001\u624b\u8efd\u3067\u7c21\u5358\u306aICM\u306e\u8a08\u7b97\u304c\u3067\u304d\u308b\u30c4\u30fc\u30eb\u304c\u30cd\u30c3\u30c8\u4e0a\u306b\u305f\u304f\u3055\u3093\u3042\u308a\u307e\u3059\u3002<\/span><\/p>\n<p>[\/vc_column_text][vc_column_text]<\/p>\n<p><b>\u8907\u96d1\u3059\u304e\u308b\u306e\u3067\u3001\u30d7\u30ec\u30a4\u4e2d\u306bICM\u3092\u8a08\u7b97\u3059\u308b\u3053\u3068\u306f\u307b\u307c\u4e0d\u53ef\u80fd\u3067\u3059\u3002\u30c8\u30fc\u30ca\u30e1\u30f3\u30c8\u306e\u30d7\u30ed\u306fICM\u3092\u4f7f\u3046\u30b9\u30dd\u30c3\u30c8\u3092\u305f\u304f\u3055\u3093\u7814\u7a76\u3057\u3001\u3055\u307e\u3056\u307e\u306a\u72b6\u6cc1\u3092\u30d7\u30ec\u30a4\u3059\u308b\u3053\u3068\u3067ICM\u306e\u76f4\u611f\u3092\u935b\u3048\u3066\u3044\u307e\u3059\u3002<\/b><\/p>\n<p>[\/vc_column_text][vc_column_text]<\/p>\n<p><span style=\"font-weight: 400;\">\u5148\u307b\u3069\u3068\u540c\u3058\u8a08\u7b97\u3092\u7121\u6599\u306e<a href=\"https:\/\/app.gtowizard.com\/icm-calculator\" target=\"_blank\" rel=\"noopener\">ICM\u306e\u8a08\u7b97\u30c4\u30fc\u30eb<\/a><\/span><span style=\"font-weight: 400;\">\u3067\u3084\u3063\u3066\u307f\u307e\u3057\u3087\u3046\u3002<\/span><\/p>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<\/p>\n<h4>\u30c8\u30fc\u30ca\u30e1\u30f3\u30c8\u30a8\u30af\u30a4\u30c6\u30a3<\/h4>\n<p>[\/vc_column_text]<style type=\"text\/css\" data-type=\"the7_shortcodes-inline-css\">.shortcode-single-image-wrap.shortcode-single-image-3d59c773ad1a8e992b1ab6fed8e8d472.enable-bg-rollover .rollover i,\n.shortcode-single-image-wrap.shortcode-single-image-3d59c773ad1a8e992b1ab6fed8e8d472.enable-bg-rollover .rollover-video i {\n  background: -webkit-linear-gradient();\n  background: linear-gradient();\n}\n.shortcode-single-image-wrap.shortcode-single-image-3d59c773ad1a8e992b1ab6fed8e8d472 .rollover-icon {\n  font-size: 32px;\n  color: #ffffff;\n  min-width: 44px;\n  min-height: 44px;\n  line-height: 44px;\n  border-radius: 100px;\n  border-style: solid;\n  border-width: 0px;\n}\n.dt-icon-bg-on.shortcode-single-image-wrap.shortcode-single-image-3d59c773ad1a8e992b1ab6fed8e8d472 .rollover-icon {\n  background: rgba(255,255,255,0.3);\n  box-shadow: none;\n}\n<\/style><div class=\"shortcode-single-image-wrap shortcode-single-image-3d59c773ad1a8e992b1ab6fed8e8d472 alignnone  enable-bg-rollover dt-icon-bg-off\" style=\"margin-top:0px; margin-bottom:0px; margin-left:0px; margin-right:0px;\"><div class=\"shortcode-single-image\"><div class=\"fancy-media-wrap\" style=\"\"><a class=\"layzr-bg rollover rollover-zoom dt-pswp-item pswp-image\" href=\"https:\/\/japan.gtowizard.com\/wp-content\/uploads\/2023\/12\/icm-basics-image-9.png\" title=\"icm-basics-image-9\" data-dt-img-description=\"\" data-large_image_width=\"1089\" data-large_image_height = \"177\"  style=\"\"><img decoding=\"async\" class=\"preload-me lazy-load aspect\" src=\"data:image\/svg+xml,%3Csvg%20xmlns%3D&#39;http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg&#39;%20viewBox%3D&#39;0%200%201089%20177&#39;%2F%3E\" data-src=\"https:\/\/japan.gtowizard.com\/wp-content\/uploads\/2023\/12\/icm-basics-image-9.png\" data-srcset=\"https:\/\/japan.gtowizard.com\/wp-content\/uploads\/2023\/12\/icm-basics-image-9.png 1089w\" loading=\"eager\" style=\"--ratio: 1089 \/ 177\" sizes=\"(max-width: 1089px) 100vw, 1089px\" width=\"1089\" height=\"177\"  data-dt-location=\"https:\/\/japan.gtowizard.com\/blog\/icm-basics\/icm-basics-image-9\/\" alt=\"\" \/><\/a><\/div><\/div><\/div>[vc_column_text]<\/p>\n<h4>\u30d7\u30e9\u30a4\u30ba<\/h4>\n<p>[\/vc_column_text]<style type=\"text\/css\" data-type=\"the7_shortcodes-inline-css\">.shortcode-single-image-wrap.shortcode-single-image-ed462fb2c0bd73e7dd04ddc9d873e221.enable-bg-rollover .rollover i,\n.shortcode-single-image-wrap.shortcode-single-image-ed462fb2c0bd73e7dd04ddc9d873e221.enable-bg-rollover .rollover-video i {\n  background: -webkit-linear-gradient();\n  background: linear-gradient();\n}\n.shortcode-single-image-wrap.shortcode-single-image-ed462fb2c0bd73e7dd04ddc9d873e221 .rollover-icon {\n  font-size: 32px;\n  color: #ffffff;\n  min-width: 44px;\n  min-height: 44px;\n  line-height: 44px;\n  border-radius: 100px;\n  border-style: solid;\n  border-width: 0px;\n}\n.dt-icon-bg-on.shortcode-single-image-wrap.shortcode-single-image-ed462fb2c0bd73e7dd04ddc9d873e221 .rollover-icon {\n  background: rgba(255,255,255,0.3);\n  box-shadow: none;\n}\n<\/style><div class=\"shortcode-single-image-wrap shortcode-single-image-ed462fb2c0bd73e7dd04ddc9d873e221 alignnone  enable-bg-rollover dt-icon-bg-off\" style=\"margin-top:0px; margin-bottom:0px; margin-left:0px; margin-right:0px;\"><div class=\"shortcode-single-image\"><div class=\"fancy-media-wrap\" style=\"\"><a class=\"layzr-bg rollover rollover-zoom dt-pswp-item pswp-image\" href=\"https:\/\/japan.gtowizard.com\/wp-content\/uploads\/2023\/12\/icm-basics-image-11.png\" title=\"icm-basics-image-11\" data-dt-img-description=\"\" data-large_image_width=\"1089\" data-large_image_height = \"133\"  style=\"\"><img decoding=\"async\" class=\"preload-me lazy-load aspect\" src=\"data:image\/svg+xml,%3Csvg%20xmlns%3D&#39;http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg&#39;%20viewBox%3D&#39;0%200%201089%20133&#39;%2F%3E\" data-src=\"https:\/\/japan.gtowizard.com\/wp-content\/uploads\/2023\/12\/icm-basics-image-11.png\" data-srcset=\"https:\/\/japan.gtowizard.com\/wp-content\/uploads\/2023\/12\/icm-basics-image-11.png 1089w\" loading=\"eager\" style=\"--ratio: 1089 \/ 133\" sizes=\"(max-width: 1089px) 100vw, 1089px\" width=\"1089\" height=\"133\"  data-dt-location=\"https:\/\/japan.gtowizard.com\/blog\/icm-basics\/icm-basics-image-11\/\" alt=\"\" \/><\/a><\/div><\/div><\/div>[\/vc_column][\/vc_row][vc_row el_id=&#8221;how_leverage&#8221;][vc_column][vc_column_text]<\/p>\n<h2>\u6d3b\u7528\u65b9\u6cd5<\/h2>\n<p>[\/vc_column_text][vc_column_text]<\/p>\n<p><span style=\"font-weight: 400;\">\u6226\u7565\u306b\u3069\u306e\u3088\u3046\u306a\u5f71\u97ff\u304c\u3042\u308b\u304b\u8003\u3048\u3066\u307f\u307e\u3057\u3087\u3046\u3002Amy\u304cBTN\u3067\u30d5\u30a9\u30fc\u30eb\u30c9\u3001Tom\u304cSB\u3067\u30aa\u30fc\u30eb\u30a4\u30f3\u3001\u30d3\u30eb\u304cBB\u3067\u30b3\u30fc\u30eb\u3002Tom\u3082\u3057\u304f\u306fBill\u304c\u52dd\u3063\u305f\u5834\u5408\u3001\u5f7c\u3089\u306e\u30c8\u30fc\u30ca\u30e1\u30f3\u30c8\u30a8\u30af\u30a4\u30c6\u30a3\u306f\u3069\u3046\u306a\u308b\u3067\u3057\u3087\u3046\u304b\uff1fICM\u8a08\u7b97\u30c4\u30fc\u30eb\u306b\u30b9\u30bf\u30c3\u30af\u30b5\u30a4\u30ba\u3092\u5165\u529b\u3059\u308c\u3070\u8a08\u7b97\u53ef\u80fd\u3067\u3059\u3002<\/span><\/p>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_separator][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;1\/2&#8243;][vc_column_text]<\/p>\n<p><b>Tom\u304c\u52dd\u3063\u305f\u5834\u5408<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Tom\u306e\u30a8\u30af\u30a4\u30c6\u30a3\u306f$58 (+$12.82)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Bill\u306e\u30a8\u30af\u30a4\u30c6\u30a3\u306f$0 (-$22.57)<\/span><\/p>\n<p>[\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/2&#8243;][vc_column_text]<\/p>\n<p><b>Bill\u304c\u52dd\u3063\u305f\u5834\u5408<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Tom\u306e\u30a8\u30af\u30a4\u30c6\u30a3\u306f$30.85 (-$14.33)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Bill\u306e\u30a8\u30af\u30a4\u30c6\u30a3\u306f$38.29 (+$15.72)<\/span><\/p>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_separator][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<\/p>\n<p><span style=\"font-weight: 400;\">\u3064\u307e\u308a\u3001Bill\u306f$15.72\u3092\u7372\u5f97\u3059\u308b\u305f\u3081\u306b$22.57\u306e\u30ea\u30b9\u30af\u3092\u8ca0\u3063\u3066\u304a\u308a\u3001Tom\u306f$12.82\u52dd\u3064\u305f\u3081\u306b$14.33\u306e\u30ea\u30b9\u30af\u3092\u8ca0\u3063\u3066\u3044\u307e\u3059\u3002<\/span><b>ICM\u3067\u306f\u30b7\u30e7\u30fc\u30c8\u30b9\u30bf\u30c3\u30af\u306f\u6bd4\u8f03\u7684\u4e0d\u5229\u306b\u306a\u308a\u307e\u3059\u3002<\/b><span style=\"font-weight: 400;\">Bill\u306f\u3053\u306e\u72b6\u6cc1\u3067\u306f\u3088\u308a\u591a\u304f\u306e\u30c8\u30fc\u30ca\u30e1\u30f3\u30c8\u30a8\u30af\u30a4\u30c6\u30a3\u306e\u30ea\u30b9\u30af\u3092\u8ca0\u3063\u3066\u3044\u308b\u305f\u3081\u3001BB\u306e\u30c7\u30a3\u30d5\u30a7\u30f3\u30b9\u30ec\u30f3\u30b8\u306f\u5f37\u304f\u3057\u306a\u304f\u3066\u306f\u306a\u308a\u307e\u305b\u3093\u3002\u3053\u308c\u304c\u30c8\u30fc\u30ca\u30e1\u30f3\u30c8\u3067\u30b9\u30bf\u30c3\u30af\u304c\u5927\u304d\u3044\u65b9\u304c\u6709\u5229\u306b\u306a\u308b\u7406\u7531\u3067\u3059\u3002<\/span><\/p>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row el_id=&#8221;risk_premium&#8221;][vc_column][vc_column_text]<\/p>\n<h2><b>\u30ea\u30b9\u30af\u30d7\u30ec\u30df\u30a2\u30e0<\/b><\/h2>\n<p>[\/vc_column_text][vc_column_text]<\/p>\n<p><span style=\"font-weight: 400;\">\u7c21\u5358\u306b\u307e\u3068\u3081\u308b\u3068\u3001<\/span><b>\u52dd\u3063\u305f\u30c1\u30c3\u30d7\u306e\u4fa1\u5024\u306f\u8ca0\u3051\u305f\u30c1\u30c3\u30d7\u306e\u4fa1\u5024\u3088\u308a\u3082\u4f4e\u3044<\/b><span style=\"font-weight: 400;\">\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002\u3053\u306e\u540c\u3058\u3067\u306f\u306a\u3044\u30ea\u30b9\u30af\u3068\u30ea\u30bf\u30fc\u30f3\u306e\u6bd4\u304c\u3001\u300c\u30ea\u30b9\u30af\u30d7\u30ec\u30df\u30a2\u30e0\u300d\u306b\u306a\u308a\u307e\u3059\u3002\u30c1\u30c3\u30d7\u3068EV\u3092\u30b7\u30f3\u30d7\u30eb\u306b\u8a08\u7b97\u3057\u305f\u7d50\u679c\u3088\u308a\u3082\u591a\u304f\u306e\u30ea\u30b9\u30af\u3092\u8ca0\u3063\u3066\u3044\u308b\u306e\u3067\u3059\u3002<\/span><\/p>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column]<style type=\"text\/css\" data-type=\"the7_shortcodes-inline-css\">.shortcode-single-image-wrap.shortcode-single-image-e34f665594aa844b19d43e03d5089982.enable-bg-rollover .rollover i,\n.shortcode-single-image-wrap.shortcode-single-image-e34f665594aa844b19d43e03d5089982.enable-bg-rollover .rollover-video i {\n  background: -webkit-linear-gradient();\n  background: linear-gradient();\n}\n.shortcode-single-image-wrap.shortcode-single-image-e34f665594aa844b19d43e03d5089982 .rollover-icon {\n  font-size: 32px;\n  color: #ffffff;\n  min-width: 44px;\n  min-height: 44px;\n  line-height: 44px;\n  border-radius: 100px;\n  border-style: solid;\n  border-width: 0px;\n}\n.dt-icon-bg-on.shortcode-single-image-wrap.shortcode-single-image-e34f665594aa844b19d43e03d5089982 .rollover-icon {\n  background: rgba(255,255,255,0.3);\n  box-shadow: none;\n}\n<\/style><div class=\"shortcode-single-image-wrap shortcode-single-image-e34f665594aa844b19d43e03d5089982 alignnone  enable-bg-rollover dt-icon-bg-off\" style=\"margin-top:0px; margin-bottom:0px; margin-left:0px; margin-right:0px;\"><div class=\"shortcode-single-image\"><div class=\"fancy-media-wrap\" style=\"\"><a class=\"layzr-bg rollover rollover-zoom dt-pswp-item pswp-image\" href=\"https:\/\/japan.gtowizard.com\/wp-content\/uploads\/2023\/12\/icm-basics-image-2.png\" title=\"icm-basics-image-2\" data-dt-img-description=\"\" data-large_image_width=\"1089\" data-large_image_height = \"54\"  style=\"\"><img decoding=\"async\" class=\"preload-me lazy-load aspect\" src=\"data:image\/svg+xml,%3Csvg%20xmlns%3D&#39;http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg&#39;%20viewBox%3D&#39;0%200%201089%2054&#39;%2F%3E\" data-src=\"https:\/\/japan.gtowizard.com\/wp-content\/uploads\/2023\/12\/icm-basics-image-2.png\" data-srcset=\"https:\/\/japan.gtowizard.com\/wp-content\/uploads\/2023\/12\/icm-basics-image-2.png 1089w\" loading=\"eager\" style=\"--ratio: 1089 \/ 54\" sizes=\"(max-width: 1089px) 100vw, 1089px\" width=\"1089\" height=\"54\"  data-dt-location=\"https:\/\/japan.gtowizard.com\/blog\/icm-basics\/icm-basics-image-2\/\" alt=\"\" \/><\/a><\/div><\/div><\/div>[vc_column_text]<\/p>\n<p><span style=\"font-weight: 400;\">\u4e0a\u306e\u4f8b\u3092\u4f7f\u3063\u3066\u3001Tom\u306e\u30aa\u30fc\u30eb\u30a4\u30f3\u3092\u53d7\u3051\u305fBill\u306e\u30ea\u30b9\u30af\u30d7\u30ec\u30df\u30a2\u30e0\u3092\u8a08\u7b97\u3057\u3066\u307f\u307e\u3057\u3087\u3046\u3002\u30d6\u30e9\u30a4\u30f3\u30c9\u306f25\/50\u3067\u3001BB\u306eBill\u304cSB\u306eTom\u306e\u30aa\u30fc\u30eb\u30a4\u30f3\u3092\u53d7\u3051\u3066\u3044\u308b\u3068\u3057\u307e\u3059\u3002<\/span><\/p>\n<p>[\/vc_column_text][vc_column_text]<\/p>\n<p><span style=\"font-weight: 400;\">\u5358\u7d14\u306a\u30dd\u30c3\u30c8\u30aa\u30c3\u30ba\u306e\u8a08\u7b97\u3067\u3001\u30ad\u30e3\u30c3\u30b7\u30e5\u30b2\u30fc\u30e0\u3067Bill\u304c\u30b3\u30fc\u30eb\u3059\u308b\u306e\u306b\u5fc5\u8981\u306a\u30a8\u30af\u30a4\u30c6\u30a3\u304c\u5206\u304b\u308a\u307e\u3059\u3002\u3053\u306e\u91d1\u984d\u3092\u300c\u30c1\u30c3\u30d7\u30a8\u30af\u30a4\u30c6\u30a3\u300d\u3068\u547c\u3076\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002<\/span><\/p>\n<p>[\/vc_column_text][vc_column_text]<\/p>\n<p style=\"text-align: center;\"><b>Tom:<\/b><span style=\"font-weight: 400;\"> 500\u30c1\u30c3\u30d7\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 <\/span><b>Bill:<\/b><span style=\"font-weight: 400;\"> 200\u30c1\u30c3\u30d7<\/span><\/p>\n<p>[\/vc_column_text][vc_column_text]<\/p>\n<p><span style=\"font-weight: 400;\">Bill\u304c\u30b3\u30fc\u30eb\u3059\u308b\u306b\u306f\u8ffd\u52a0\u3067150\u30c1\u30c3\u30d7\u5fc5\u8981\u3067\u3001\u52dd\u3066\u3070\u30b9\u30bf\u30c3\u30af\u306f400\u3068\u306a\u308a\u307e\u3059\u3002150 \/ 400 = <\/span><b>37.5%<\/b><span style=\"font-weight: 400;\">\u3067\u3059\u306e\u3067\u3001 \u30ad\u30e3\u30c3\u30b7\u30e5\u30b2\u30fc\u30e0\u3067\u306f\u3001Bill\u306fTom\u306e\u30ec\u30f3\u30b8\u306b\u5bfe\u3057\u3066\u5c11\u306a\u304f\u3068\u308237.5%\u306e\u30a8\u30af\u30a4\u30c6\u30a3\u304c\u3042\u308b\u30cf\u30f3\u30c9\u3092\u30b3\u30fc\u30eb\u3059\u3079\u304d\u3067\u3059\u3002<\/span><\/p>\n<p>[\/vc_column_text][vc_column_text]<\/p>\n<p><span style=\"font-weight: 400;\">\u3057\u304b\u3057\u3001\u5148\u307b\u3069\u8aac\u660e\u3057\u305f\u3088\u3046\u306b\u3001\u5f97\u308b\u30c1\u30c3\u30d7\u3068\u5931\u3046\u30c1\u30c3\u30d7\u306e\u4fa1\u5024\u306f\u540c\u3058\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002Bill\u306f\u30d5\u30a9\u30fc\u30eb\u30c9\u306e\u30b3\u30b9\u30c8\u3068\u30b3\u30fc\u30eb\u306e\u30ea\u30b9\u30af\u3092\u6bd4\u8f03\u3059\u308b\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002Bill\u304c\u30d5\u30a9\u30fc\u30eb\u30c9\u3059\u308b\u5834\u5408\u3001\u30b3\u30fc\u30eb\u3057\u3066\u52dd\u3064\u5834\u5408\u3001\u30b3\u30fc\u30eb\u3057\u3066\u8ca0\u3051\u308b\u5834\u5408\u306e3\u3064\u306e\u72b6\u6cc1\u304c\u3042\u308a\u307e\u3059\u3002\u305d\u308c\u305e\u308c\u306e\u5834\u5408\u306e\u30c8\u30fc\u30ca\u30e1\u30f3\u30c8\u30a8\u30af\u30a4\u30c6\u30a3\u306f\u4ee5\u4e0b\u306e\u901a\u308a\u3067\u3059\u3002<\/span><\/p>\n<p>[\/vc_column_text]<style type=\"text\/css\" data-type=\"the7_shortcodes-inline-css\">.shortcode-single-image-wrap.shortcode-single-image-9e37cb89429038e188c33aed78c845ae.enable-bg-rollover .rollover i,\n.shortcode-single-image-wrap.shortcode-single-image-9e37cb89429038e188c33aed78c845ae.enable-bg-rollover .rollover-video i {\n  background: -webkit-linear-gradient();\n  background: linear-gradient();\n}\n.shortcode-single-image-wrap.shortcode-single-image-9e37cb89429038e188c33aed78c845ae .rollover-icon {\n  font-size: 32px;\n  color: #ffffff;\n  min-width: 44px;\n  min-height: 44px;\n  line-height: 44px;\n  border-radius: 100px;\n  border-style: solid;\n  border-width: 0px;\n}\n.dt-icon-bg-on.shortcode-single-image-wrap.shortcode-single-image-9e37cb89429038e188c33aed78c845ae .rollover-icon {\n  background: rgba(255,255,255,0.3);\n  box-shadow: none;\n}\n<\/style><div class=\"shortcode-single-image-wrap shortcode-single-image-9e37cb89429038e188c33aed78c845ae alignnone  enable-bg-rollover dt-icon-bg-off\" style=\"margin-top:0px; margin-bottom:0px; margin-left:0px; margin-right:0px;\"><div class=\"shortcode-single-image\"><div class=\"fancy-media-wrap\" style=\"\"><a class=\"layzr-bg rollover rollover-zoom dt-pswp-item pswp-image\" href=\"https:\/\/japan.gtowizard.com\/wp-content\/uploads\/2023\/12\/icm-basics-image-10.png\" title=\"icm-basics-image-10\" data-dt-img-description=\"\" data-large_image_width=\"1089\" data-large_image_height = \"177\"  style=\"\"><img decoding=\"async\" class=\"preload-me lazy-load aspect\" src=\"data:image\/svg+xml,%3Csvg%20xmlns%3D&#39;http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg&#39;%20viewBox%3D&#39;0%200%201089%20177&#39;%2F%3E\" data-src=\"https:\/\/japan.gtowizard.com\/wp-content\/uploads\/2023\/12\/icm-basics-image-10.png\" data-srcset=\"https:\/\/japan.gtowizard.com\/wp-content\/uploads\/2023\/12\/icm-basics-image-10.png 1089w\" loading=\"eager\" style=\"--ratio: 1089 \/ 177\" sizes=\"(max-width: 1089px) 100vw, 1089px\" width=\"1089\" height=\"177\"  data-dt-location=\"https:\/\/japan.gtowizard.com\/blog\/icm-basics\/icm-basics-image-10\/\" alt=\"\" \/><\/a><\/div><\/div><\/div>[vc_column_text]<\/p>\n<p><span style=\"font-weight: 400;\">Bill\u304c\u30d5\u30a9\u30fc\u30eb\u30c9\u3057\u305f\u5834\u5408$17.93\u306e\u30c8\u30fc\u30ca\u30e1\u30f3\u30c8\u30a8\u30af\u30a4\u30c6\u30a3\u3092\u6b8b\u305b\u307e\u3059\u3002Bill\u304c$17.93\u3092\u30ea\u30b9\u30af\u306b\u6652\u3057\u3066\u30b3\u30fc\u30eb\u3057\u305f\u5834\u5408\u3001\u52dd\u3066\u3070$38.29\u76f8\u5f53\u306e\u30b9\u30bf\u30c3\u30af\u306b\u306a\u308a\u307e\u3059\u3002<\/span><\/p>\n<p>[\/vc_column_text][vc_column_text]<\/p>\n<p><span style=\"font-weight: 400;\">\u65b0\u3057\u3044\u30dd\u30c3\u30c8\u30aa\u30c3\u30ba\u3067\u8a08\u7b97\u3092\u3057\u3066\u307f\u307e\u3057\u3087\u3046\u3002$17.93 \/ $38.29\u3002\u3064\u307e\u308a\u3001Bill\u304c\u30b3\u30fc\u30eb\u3059\u308b\u306e\u306b\u5fc5\u8981\u306a\u30a8\u30af\u30a4\u30c6\u30a3\u306f<\/span><b>\u7d0447%<\/b><span style=\"font-weight: 400;\">\u306b\u306a\u308a\u307e\u3059\uff01<\/span><\/p>\n<p>[\/vc_column_text][vc_column_text]<\/p>\n<p><b>ICM\u306e\u5f71\u97ff\u3067\u3001Bill\u306f\u3055\u3089\u306b12%\u306e\u30a8\u30af\u30a4\u30c6\u30a3\u304c\u5fc5\u8981\u306b\u306a\u308a\u307e\u3057\u305f\u3002\u3053\u306e\u8ffd\u52a0\u306e12%\u304c\u5f7c\u306e\u30ea\u30b9\u30af\u30d7\u30ec\u30df\u30a2\u30e0\u306b\u306a\u308a\u307e\u3059\u3002<\/b><span style=\"font-weight: 400;\">\u3053\u306e\u4f59\u5206\u306a\u30ea\u30b9\u30af\u30d7\u30ec\u30df\u30a2\u30e0\u306b\u3088\u308a\u3001SB\u306eTom\u306f\u3001Bill\u304c\u30dd\u30c3\u30c8\u306e\u30aa\u30c3\u30ba\u306b\u5bfe\u3057\u3066\u5e38\u306b\u30aa\u30fc\u30d0\u30fc\u30d5\u30a9\u30fc\u30eb\u30c9\u3057\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u305f\u3081\u3001\u3088\u308a\u5927\u304d\u304f\u30aa\u30fc\u30d7\u30f3\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002\u3053\u308c\u304c\u5927\u304d\u3044\u30b9\u30bf\u30c3\u30af\u306e\u6709\u5229\u306a\u7406\u7531\u3067\u3059\u3002<\/span><\/p>\n<p>[\/vc_column_text][vc_column_text]<\/p>\n<p><span style=\"font-weight: 400;\">\u30ea\u30b9\u30af\u30d7\u30ec\u30df\u30a2\u30e0\u306f\u3001\u30c6\u30fc\u30d6\u30eb\u306e\u305d\u308c\u305e\u308c\u306e\u30c1\u30c3\u30d7\u306e\u91cf\u3084\u30b9\u30bf\u30c3\u30af\u306e\u5408\u8a08\u306b\u3088\u3063\u3066\u5909\u5316\u3057\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u4ee5\u4e0b\u306e\u3088\u3046\u306a\u7d50\u8ad6\u306b\u306a\u308b\u5834\u5408\u304c\u591a\u3044\u3067\u3057\u3087\u3046\u3002<\/span><\/p>\n<p>[\/vc_column_text][vc_column_text]<\/p>\n<blockquote>\n<p style=\"text-align: center;\"><b>\u30ea\u30b9\u30af\u30d7\u30ec\u30df\u30a2\u30e0\u306f\u3001\u30ab\u30d0\u30fc\u3055\u308c\u3066\u3044\u308b\u5834\u5408\u306f\u9ad8\u304f\u306a\u308a\u3001\u30ab\u30d0\u30fc\u3057\u3066\u3044\u308b\u3068\u304d\u306f\u5c0f\u3055\u304f\u306a\u308b\u3002<\/b><\/p>\n<\/blockquote>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row el_id=&#8221;general_heuristics&#8221;][vc_column][vc_column_text]<\/p>\n<h2><b>\u5168\u4f53\u7684\u306a\u50be\u5411\u3068\u52b9\u679c<\/b><\/h2>\n<p>[\/vc_column_text][vc_column_text]<\/p>\n<p><span style=\"font-weight: 400;\">\u30b2\u30fc\u30e0\u4e2d\u306bICM\u306e\u8a08\u7b97\u3092\u884c\u3046\u3053\u3068\u306f\u3067\u304d\u307e\u305b\u3093\u3002\u3057\u304b\u3057\u3001\u30c6\u30fc\u30d6\u30eb\u306e\u5916\u3067\u3053\u308c\u3089\u306e\u5f71\u97ff\u3092\u7814\u7a76\u3059\u308b\u3053\u3068\u3067\u3001\u30b2\u30fc\u30e0\u4e2d\u306e\u76f4\u611f\u304c\u935b\u3048\u3089\u308c\u307e\u3059\u3002\u3044\u304f\u3064\u304b\u899a\u3048\u3066\u304a\u304f\u3068\u826f\u3044\u8003\u3048\u3092\u7d39\u4ecb\u3057\u3066\u304a\u304d\u307e\u3059\u3002<\/span><\/p>\n<p>[\/vc_column_text]<div class=\"standard-arrow\"><ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u30c8\u30fc\u30ca\u30e1\u30f3\u30c8\u3067\u306f\u30ad\u30e3\u30c3\u30b7\u30e5\u30b2\u30fc\u30e0\u3088\u308a\u3082\u30bf\u30a4\u30c8\u306a\u30ec\u30f3\u30b8\u3067\u30aa\u30fc\u30eb\u30a4\u30f3\u3059\u308b\u3002<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u30ae\u30ea\u30ae\u30ea\u306e\u30b9\u30dd\u30c3\u30c8\u3092\u907f\u3051\u308b\u3002\u30c8\u30fc\u30ca\u30e1\u30f3\u30c8\u3067\u306f\u3001+cEV\u306e\u30ae\u30ea\u30ae\u30ea\u306e\u30b9\u30dd\u30c3\u30c8\u306f\u901a\u5e38-$EV\u3002<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u4e2d\u304f\u3089\u3044\u306e\u30b9\u30bf\u30c3\u30af\u306f\u30d0\u30d6\u30eb\u4ed8\u8fd1\u3067\u306f\u30bf\u30a4\u30c8\u306b\u30d7\u30ec\u30a4\u3059\u308b\u3002<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u30b9\u30bf\u30c3\u30af\u304c\u5927\u304d\u3044\u5834\u5408\u3001\u30aa\u30fc\u30eb\u30a4\u30f3\u306e\u30ea\u30b9\u30af\u304c\u5c11\u306a\u304f\u306a\u308b\u305f\u3081\u3001\u30b7\u30e7\u30fc\u30c8\u306b\u30d7\u30ec\u30c3\u30b7\u30e3\u30fc\u3092\u4e0e\u3048\u3089\u308c\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u3002\u7279\u306b\u30d0\u30d6\u30eb\u4ed8\u8fd1\u3002<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u30c1\u30c3\u30d7\u3092\u5f97\u308b\u4fa1\u5024\u306f\u3001\u540c\u3058\u91cf\u306e\u30c1\u30c3\u30d7\u3092\u5931\u3046\u4fa1\u5024\u3088\u308a\u5c0f\u3055\u3044\u3002<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u8cde\u91d1\u914d\u5206\u306b\u6ce8\u610f\u3059\u308b\u3002\u5927\u304d\u306a\u8cde\u91d1\u306e\u5909\u52d5\u306f\u3001\u30ea\u30b9\u30af\u30d7\u30ec\u30df\u30a2\u30e0\u304c\u9ad8\u304f\u306a\u308b\u8981\u56e0\u306b\u306a\u308b\u3002<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u30b7\u30e7\u30fc\u30c8\u30b9\u30bf\u30c3\u30af\u304c\u98db\u3073\u305d\u3046\u306b\u306a\u3063\u305f\u308a\u3001\u30da\u30a4\u30b8\u30e3\u30f3\u30d7\u306e\u76f4\u524d\u306f\u3001\u30c1\u30c3\u30d7\u30ea\u30fc\u30c0\u30fc\u4ee5\u5916\u306e\u30d7\u30ec\u30a4\u30e4\u30fc\u306f\u591a\u304f\u306e\u5834\u5408\u5f37\u304f\u30bf\u30a4\u30c8\u306b\u3059\u308b\u3079\u304d\u3002<\/span><\/li>\n<\/ul>\n<\/div>[\/vc_column][\/vc_row][vc_row el_id=&#8221;limitations&#8221;][vc_column][vc_column_text]<\/p>\n<h2><b>ICM\u306e\u9650\u754c<\/b><\/h2>\n<p>[\/vc_column_text][vc_column_text]<\/p>\n<p><span style=\"font-weight: 400;\">ICM\u306f\u5b9f\u969b\u306e\u30d7\u30ec\u30a4\u306b\u304a\u3051\u308b\u6570\u5024\u5316\u3057\u306b\u304f\u3044\u8981\u7d20\u306e\u591a\u304f\u3092\u7121\u8996\u3057\u305f\u3001\u7d14\u7c8b\u306a\u6570\u5b66\u306b\u57fa\u3065\u3044\u305f\u7406\u8ad6\u3067\u3042\u308b\u305f\u3081\u3001\u9650\u754c\u304c\u3042\u308a\u307e\u3059\u3002\u3053\u3061\u3089\u3082\u3044\u304f\u3064\u304b\u899a\u3048\u3066\u304a\u304f\u3079\u304d\u3053\u3068\u3092\u7d39\u4ecb\u3057\u3066\u304a\u304d\u307e\u3059\u3002<\/span><\/p>\n<p>[\/vc_column_text]<div class=\"standard-arrow\"><ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>ICM\u306f\u3059\u3079\u3066\u306e\u30d7\u30ec\u30a4\u30e4\u30fc\u306e\u30b9\u30ad\u30eb\u304c\u540c\u3058\u3060\u3068\u4eee\u5b9a\u3057\u3066\u3044\u308b\u3002<\/b><span style=\"font-weight: 400;\">\u5b9f\u969b\u306f\u4e0a\u624b\u3044\u30d7\u30ec\u30a4\u30e4\u30fc\u306f\u3001\u305d\u306e\u30b9\u30bf\u30c3\u30af\u30b5\u30a4\u30ba\u304b\u3089\u5c0e\u304f\u52dd\u7387\u3088\u308a\u3082\u9ad8\u3044\u5272\u5408\u3067\u52dd\u3066\u308b\u3002<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>\u5927\u898f\u6a21\u306a\u30c8\u30fc\u30ca\u30e1\u30f3\u30c8\u306b\u304a\u3051\u308bICM\u306e\u8a08\u7b97\u306f\u56f0\u96e3\u3002<\/b><span style=\"font-weight: 400;\">\u8fd1\u5e74\u306e\u30a2\u30eb\u30b4\u30ea\u30ba\u30e0\u306f\u3053\u306e\u5206\u91ce\u3067\u9032\u6b69\u3092\u9042\u3052\u3066\u3044\u307e\u3059\u304c\u3001\u5927\u898f\u6a21\u306aMTT\u3067ICM\u3092\u6b63\u3057\u304f\u8a08\u7b97\u3059\u308b\u306e\u306f\u307e\u3060\u975e\u5e38\u306b\u56f0\u96e3\u3002<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>ICM\u306f\u30d7\u30ec\u30a4\u30e4\u30fc\u306e\u30dd\u30b8\u30b7\u30e7\u30f3\u3092\u8003\u616e\u3057\u3066\u3044\u306a\u3044\u3002<\/b><span style=\"font-weight: 400;\">\u5b9f\u969b\u306b\u306f\u30b9\u30bf\u30c3\u30af\u304c3BB\u306e\u5834\u5408\u3001BB\u3088\u308a\u3082BTN\u306e\u65b9\u304c\u306f\u308b\u304b\u306b\u4fa1\u5024\u304c\u3042\u308b\u3002<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>ICM\u306f\u30d6\u30e9\u30a4\u30f3\u30c9\u30a2\u30c3\u30d7\u3092\u7121\u8996\u3057\u3066\u3044\u308b\u3002<\/b><span style=\"font-weight: 400;\">\u30d6\u30e9\u30a4\u30f3\u30c9\u30a2\u30c3\u30d7\u306e\u76f4\u524d\u3001\u7279\u306b\u30b7\u30e7\u30fc\u30c8\u30b9\u30bf\u30c3\u30af\u306e\u30d7\u30ec\u30a4\u30e4\u30fc\u304c\u95a2\u308f\u308b\u5834\u5408\u306f\u6700\u9069\u6226\u7565\u306b\u5f71\u97ff\u3092\u4e0e\u3048\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u3002<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>ICM\u306f\u30c1\u30c3\u30d7\u30ea\u30fc\u30c0\u30fc\u306e\u30a2\u30c9\u30d0\u30f3\u30c6\u30fc\u30b8\u3092\u904e\u5c0f\u8a55\u4fa1\u3057\u3066\u3044\u307e\u3059\u3002<\/b>\u30b9\u30bf\u30c3\u30af\u304c\u5927\u304d\u3044\u5834\u5408\u306fICM\u306b\u3088\u3063\u3066\u30b7\u30e7\u30fc\u30c8\u306e\u30d7\u30ec\u30a4\u30e4\u30fc\u306b\u30d7\u30ec\u30c3\u30b7\u30e3\u30fc\u3092\u304b\u3051\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u305f\u3081\u3001ICM\u3088\u308a\u3082\u30d3\u30c3\u30b0\u30b9\u30bf\u30c3\u30af\u306e\u30d7\u30ec\u30a4\u30e4\u30fc\u306e\u52dd\u7387\u304c\u9ad8\u304f\u306a\u308b\u3002<\/li>\n<\/ul>\n<\/div>[\/vc_column][\/vc_row][vc_row el_id=&#8221;alternative_models&#8221;][vc_column][vc_column_text]<\/p>\n<h2><b>\u4ee3\u308f\u308a\u306e\u30e2\u30c7\u30eb<\/b><\/h2>\n<p>[\/vc_column_text][vc_column_text]<\/p>\n<p><span style=\"font-weight: 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