![\"\"](\"https:\/\/www.wacoca.com\/news\/wp-content\/uploads\/2026\/03\/TIKR.com_Snap-Inc.-SNAP-Drawdowns.webp\")
\u30b9\u30ca\u30c3\u30d7\u682a\u4fa1\u76ee\u6a19 (TIKR)<\/p>\nSnap\u306e\u4e3b\u8981\u7d71\u8a08<\/p>\n
\u73fe\u5728\u306e\u682a\u4fa1: 3.93\u30c9\u30eb<\/p>\n
\u76ee\u6a19\u682a\u4fa1\uff08\u30d9\u30fc\u30b9\u30b1\u30fc\u30b9\uff09$3.06<\/p>\n
\u30b9\u30c8\u30ea\u30fc\u30c8\u30fb\u30bf\u30fc\u30b2\u30c3\u30c8: $7.97<\/p>\n
\u6f5c\u5728\u7684\u306a\u30c8\u30fc\u30bf\u30eb\u30ea\u30bf\u30fc\u30f3: (22.1%)<\/p>\n
\u5e74\u7387\u63db\u7b97IRR:(8.60%) \/\u5e74<\/p>\n
\u73fe\u5728\u30e9\u30a4\u30d6\u4e2d\uff1aTIKR\u306e\u65b0\u3057\u3044\u30d0\u30ea\u30e5\u30a8\u30fc\u30b7\u30e7\u30f3\u30fb\u30e2\u30c7\u30eb\u3092\u4f7f\u3063\u3066\u3001\u3042\u306a\u305f\u306e\u304a\u6c17\u306b\u5165\u308a\u306e\u9298\u67c4\u306b\u3069\u308c\u3060\u3051\u306e\u30a2\u30c3\u30d7\u30b5\u30a4\u30c9\u304c\u3042\u308b\u304b\u3092\u767a\u898b\u3057\u3066\u304f\u3060\u3055\u3044\u3002>>><\/p>\n
\u4f55\u304c\u8d77\u304d\u305f\u304b\uff1f<\/p>\n
\u30b9\u30ca\u30c3\u30d7 (SNAP)\u306e\u682a\u4fa1\u306f\u5e74\u521d\u6765\u306751%\u4ee5\u4e0a\u4e0b\u843d\u3057\u3001\u6295\u8cc7\u5bb6\u304c\u8ffd\u8de1\u3057\u3066\u3044\u305f\u3042\u3089\u3086\u308b\u30ea\u30b9\u30af\u304c\u96c6\u4e2d\u3057\u305f1\u9031\u9593\u3092\u7d4c\u3066\u30012026\u5e743\u670826\u65e5\u306b\u53f2\u4e0a\u6700\u5b89\u5024\u3067\u5f15\u3051\u305f\u3002<\/p>\n
\u30d6\u30eb\u6d3e\u306f\u3001\u30b5\u30d6\u30b9\u30af\u30ea\u30d7\u30b7\u30e7\u30f3\u30d3\u30b8\u30cd\u30b9\u306e\u6210\u9577\u3068\u9ed2\u5b57\u5316\u3078\u306e\u771f\u306e\u9053\u7b4b\u3092\u6307\u6458\u3057\u3066\u3044\u308b\u3002\u30d9\u30a2\u6d3e\u306f\u3001\u30b9\u30ca\u30c3\u30d7\u306e\u5e83\u544a\u30e2\u30c7\u30eb\u306f\u69cb\u9020\u7684\u306b\u8106\u5f31\u3067\u3042\u308a\u3001\u30b9\u30ca\u30c3\u30d7\u30c1\u30e3\u30c3\u30c8\u3092\u53d6\u308a\u5dfb\u304f\u898f\u5236\u5727\u529b\u306f\u4e00\u6642\u7684\u306a\u3082\u306e\u3067\u306f\u306a\u3044\u3068\u4e3b\u5f35\u3059\u308b\u3002<\/p>\n
\u4eca\u3001\u5e02\u5834\u304c\u554f\u3046\u3066\u3044\u308b\u306e\u306f\u30013.93\u30c9\u30eb\u304c\u5408\u7406\u7684\u306a\u30ea\u30bb\u30c3\u30c8\u3092\u53cd\u6620\u3057\u3066\u3044\u308b\u306e\u304b\u3001\u305d\u308c\u3068\u3082\u5927\u898f\u6a21\u306a\u30aa\u30fc\u30d0\u30fc\u30b7\u30e5\u30fc\u30c8\u3092\u53cd\u6620\u3057\u3066\u3044\u308b\u306e\u304b\u3068\u3044\u3046\u3053\u3068\u3060\u3002<\/p>\n
\u6b27\u5dde\u59d4\u54e1\u4f1a\u306f3\u670826\u65e5\u3001\u30c7\u30b8\u30bf\u30eb\u30b5\u30fc\u30d3\u30b9\u6cd5\u306b\u57fa\u3065\u304d\u30b9\u30ca\u30c3\u30d7\u306b\u5bfe\u3059\u308b\u6b63\u5f0f\u306a\u8abf\u67fb\u3092\u958b\u59cb\u3057\u3001\u305d\u306e\u65e5\u306e\u682a\u4fa1\u306f10.69\uff05\u4e0b\u843d\u3057\u305f\u3002DSA\uff08\u6709\u5bb3\u30b3\u30f3\u30c6\u30f3\u30c4\u304b\u3089\u30e6\u30fc\u30b6\u30fc\u3092\u4fdd\u8b77\u3059\u308b\u3053\u3068\u3092\u5927\u898f\u6a21\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u306b\u6c42\u3081\u308bEU\u306e\u67a0\u7d44\u307f\uff09\u306f\u3001\u9055\u53cd\u3057\u305f\u5834\u5408\u3001\u5168\u4e16\u754c\u306e\u5e74\u9593\u58f2\u4e0a\u9ad8\u306e\u6700\u59276\uff05\u306e\u5236\u88c1\u91d1\u3092\u79d1\u3059\u3053\u3068\u3092\u8a8d\u3081\u3066\u3044\u308b\u3002<\/p>\n
\u30b9\u30ca\u30c3\u30d7\u306e2025\u5e74\u306e\u58f2\u4e0a\u30d9\u30fc\u30b9\u304c59\u51043000\u4e07\u30c9\u30eb\u3067\u3042\u308b\u3053\u3068\u304b\u3089\u3001\u7f70\u91d1\u306e\u4e0a\u9650\u306f\u8a08\u7b97\u4e0a\u7d043\u51045600\u4e07\u30c9\u30eb\u3068\u306a\u308a\u3001\u307e\u3060GAAP\u30d9\u30fc\u30b9\u3067\u7d99\u7d9a\u7684\u306a\u9ed2\u5b57\u3092\u9054\u6210\u3057\u3066\u3044\u306a\u3044\u540c\u793e\u306b\u3068\u3063\u3066\u306f\u91cd\u8981\u306a\u91d1\u984d\u3068\u306a\u308b\u3002<\/p>\n
\u8abf\u67fb\u306f\u3001\u30b9\u30ca\u30c3\u30d7\u30c1\u30e3\u30c3\u30c8\u306e\u5e74\u9f62\u8a8d\u8a3c\u30b7\u30b9\u30c6\u30e0\u3001\u672a\u6210\u5e74\u8005\u306e\u30b0\u30eb\u30fc\u30df\u30f3\u30b0\u3084\u72af\u7f6a\u7684\u52e7\u8a98\u3078\u306e\u5bfe\u5fdc\u3001\u9055\u6cd5\u306a\u5546\u54c1\u3092\u5ba3\u4f1d\u3059\u308b\u30b3\u30f3\u30c6\u30f3\u30c4\u306e\u524a\u9664\u306a\u3069\u3092\u8abf\u67fb\u3059\u308b \u3002 <\/p>\n
EU\u306e\u8abf\u67fb\u306f\u3001\u4f55\u3082\u306a\u3044\u3068\u3053\u308d\u304b\u3089\u59cb\u307e\u3063\u305f\u308f\u3051\u3067\u306f\u306a\u3044\u3002<\/p>\n
2\u67084\u65e5\u3001\u30b9\u30ca\u30c3\u30d7\u306f2025\u5e74\u7b2c4\u56db\u534a\u671f\u306e\u58f2\u4e0a\u9ad8\u309217.2\u5104\u30c9\u30eb\u3068\u767a\u8868\u3057\u3001\u30b3\u30f3\u30bb\u30f3\u30b5\u30b9\u306e17.0\u5104\u30c9\u30eb\u3092\u4e0a\u56de\u3063\u305f\u3002<\/p>\n
\u3057\u304b\u3057\u3001\u4e16\u754c\u306e\u30c7\u30a4\u30ea\u30fc\u30a2\u30af\u30c6\u30a3\u30d6\u30e6\u30fc\u30b6\u30fc\u306f4\u51047400\u4e07\u4eba\u3068\u30a6\u30a9\u30fc\u30eb\u8857\u306e\u4e88\u60f34\u51047800\u4e07\u4eba\u3092\u4e0b\u56de\u308a\u3001\u5317\u7c73\u306eDAU\u306f9400\u4e07\u4eba\u3068\u4e88\u60f3\u306e9700\u4e07\u4eba\u3092\u4e0b\u56de\u308a\u30012026\u5e74\u7b2c1\u56db\u534a\u671f\u306e\u58f2\u4e0a\u9ad8\u30ac\u30a4\u30c0\u30f3\u30b9\u306f15\u51045000\u4e07\u30c9\u30eb\u304b\u308915\u51043000\u4e07\u30c9\u30eb\u3068\u4e88\u60f3\u306e15\u51045000\u4e07\u30c9\u30eb\u3092\u4e0b\u56de\u3063\u305f\u3002\u682a\u4fa1\u306f\u305d\u306e\u65e5\u306e\u3046\u3061\u306b13.37\uff05\u4e0b\u843d\u3057\u3001\u73fe\u5728\u3082\u56de\u5fa9\u3057\u3066\u3044\u306a\u3044\u3002<\/p>\n
\u30b9\u30ca\u30c3\u30d7\u793e\u306e\u5171\u540c\u5275\u696d\u8005\u3067\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\uff08CEO\uff09\u306e\u30a8\u30f4\u30a1\u30f3\u30fb\u30b9\u30d4\u30fc\u30b2\u30eb\u6c0f\u306f\u3001\u6c7a\u7b97\u8aac\u660e\u4f1a\u3067\u898f\u5236\u74b0\u5883\u306b\u3064\u3044\u3066\u76f4\u63a5\u8a00\u53ca\u3057\u305f\u3002\u30b7\u30e5\u30d4\u30fc\u30b2\u30ebCEO\u306f\u300118\u6b73\u672a\u6e80\u306e\u30e6\u30fc\u30b6\u30fc\u304b\u3089\u306e\u53ce\u76ca\u306f\u300c\u91cd\u8981\u3067\u306f\u306a\u3044\u300d\u3068\u3057\u3001\u540c\u793e\u306e\u53ce\u76ca\u53ef\u80fd\u6027\u3092\u8a55\u4fa1\u3059\u308b\u969b\u306b\u300c\u898f\u5236\u74b0\u5883\u306e\u5909\u5316\u3092\u904e\u5ea6\u306b\u61f8\u5ff5\u3059\u308b\u3053\u3068\u306f\u306a\u3044\u300d\u3068\u8ff0\u3079\u305f \u3002 <\/p>\n
EU\u306f\u305d\u306e3\u9031\u9593\u5f8c\u306b\u6b63\u5f0f\u306a\u8abf\u67fb\u3092\u958b\u59cb\u3057\u305f\u3002<\/p>\n
\u30b9\u30ca\u30c3\u30d7\u682a\u4fa1\u76ee\u6a19 (TIKR)<\/p>\n
\u30b9\u30ca\u30c3\u30d7\u682a\u306e\u30d2\u30b9\u30c8\u30ea\u30ab\u30eb\u4e88\u60f3\u3068\u30d5\u30a9\u30ef\u30fc\u30c9\u4e88\u60f3\u3092\u898b\u308b\uff08\u7121\u6599\u3067\u3059\uff01\uff09\uff1e\uff1e\uff1e\u3002<\/p>\n
\u30b9\u30ca\u30c3\u30d7\u306f\u73fe\u5728\u5272\u5b89\u304b\uff1f<\/p>\n
3.93\u30c9\u30eb\u3067\u3001\u30b9\u30ca\u30c3\u30d7\u306e\u682a\u4fa1\u306fNTM EV\/\u58f2\u4e0a\u9ad8\u306e1.17\u500d\u3001NTM EV\/EBITDA\u306e7.46\u500d\u3067\u53d6\u5f15\u3055\u308c\u3066\u3044\u308b\uff08NTM\u306f\u4eca\u5f8c12\u30f6\u6708\u3001\u30d5\u30a9\u30ef\u30fc\u30c9\u30fb\u30eb\u30c3\u30ad\u30f3\u30b0\u30fb\u30b3\u30f3\u30bb\u30f3\u30b5\u30b9\u3092\u610f\u5473\u3059\u308b\uff09\u3002<\/p>\n
\u30b9\u30c8\u30ea\u30fc\u30c8\u306e\u5e73\u5747\u76ee\u6a19\u682a\u4fa17.97\u30c9\u30eb\u306f\u3001\u3053\u3053\u304b\u3089\u304a\u3088\u305d103\uff05\u306e\u4e0a\u6607\u3092\u610f\u5473\u3057\u300144\u4eba\u306e\u30a2\u30ca\u30ea\u30b9\u30c8\u30677\u4eba\u304c\u300c\u8cb7\u3044\u300d\u30013\u4eba\u304c\u300c\u30a2\u30a6\u30c8\u30d1\u30d5\u30a9\u30fc\u30e0\u300d\u300131\u4eba\u304c\u300c\u30db\u30fc\u30eb\u30c9\u300d\u30012\u4eba\u304c\u300c\u30a2\u30f3\u30c0\u30fc\u30d1\u30d5\u30a9\u30fc\u30e0\u300d\u30011\u4eba\u304c\u300c\u58f2\u308a\u300d\u3068\u306a\u3063\u3066\u3044\u308b\u3002\u3053\u308c\u3089\u306e\u30bf\u30fc\u30b2\u30c3\u30c8\u306f\u3001\u682a\u4fa1\u304c\u30ae\u30e3\u30c3\u30d7\u3092\u57cb\u3081\u308b\u3053\u3068\u306a\u304f\u3001\u5e74\u9593\u3092\u901a\u3057\u3066\u7740\u5b9f\u306b\u5f15\u304d\u4e0b\u3052\u3089\u308c\u3066\u3044\u308b\u3002<\/p>\n
\u30b5\u30d6\u30b9\u30af\u30ea\u30d7\u30b7\u30e7\u30f3\u4e8b\u696d\u306f\u3001\u30b9\u30ca\u30c3\u30d7\u3092\u8a9e\u308b\u4e0a\u3067\u6700\u3082\u5177\u4f53\u7684\u306a\u30d7\u30e9\u30b9\u6750\u6599\u3060\u3002\u30b9\u30ca\u30c3\u30d7\u306f2\u6708\u306b\u3001Snapchat+\u3001Lens+\u3001Snapchat Platinum\u3001Memories Storage Plans\u3092\u542b\u3080\u76f4\u63a5\u7684\u306a\u53ce\u76ca\u30ab\u30c6\u30b4\u30ea\u30fc\u304c\u30012,500\u4e07\u4eba\u4ee5\u4e0a\u306e\u30b0\u30ed\u30fc\u30d0\u30eb\u52a0\u5165\u8005\u30b3\u30df\u30e5\u30cb\u30c6\u30a3\u3092\u8ef8\u306b\u3001\u5e74\u738710\u5104\u30c9\u30eb\u3092\u8d85\u3048\u305f\u3068\u767a\u8868\u3057\u305f\u3002<\/p>\n
\u3053\u306e\u53ce\u76ca\u6e90\u306f\u5e83\u544a\u3088\u308a\u3082\u5229\u5e45\u304c\u5927\u304d\u304f\u3001\u5e83\u544a\u5e02\u5834\u306e\u30b5\u30a4\u30af\u30eb\u3068\u306f\u7121\u95a2\u4fc2\u306b\u6210\u9577\u3059\u308b\u3002\u5e83\u544a\u9762\u3067\u306f\u3001\u7b2c4\u56db\u534a\u671f\u306e \u30a2\u30af\u30c6\u30a3\u30d6\u5e83\u544a\u4e3b\u306f\u524d\u5e74\u540c\u671f\u6bd428\uff05\u5897\u3068\u306a\u308a\u3001\u4e2d\u5c0f\u4f01\u696d\u30bb\u30b0\u30e1\u30f3\u30c8\u304c\u727d\u5f15\u3057\u305f\u3002<\/p>\n
\u5e83\u544a\u306e\u65b9\u306f\u697d\u89b3\u8996\u3067\u304d\u306a\u3044 \u3002 <\/p>\n
\u30e2\u30eb\u30ac\u30f3\u30fb\u30b9\u30bf\u30f3\u30ec\u30fc\u306f3\u6708\u3001\u30b9\u30ca\u30c3\u30d7\u306e\u76ee\u6a19\u682a\u4fa1\u30929.50\u30c9\u30eb\u304b\u30896.50\u30c9\u30eb\u306b\u5f15\u304d\u4e0b\u3052\u305f\u3002\u30b3\u30a2\u4e8b\u696d\u306e\u696d\u7e3e\u306f\u4e88\u60f3\u4ee5\u4e0a\u306b\u597d\u8abf\u3060\u304c\u3001\u30a2\u30ca\u30ea\u30b9\u30c8\u306e\u89e3\u8aac\u306b\u3088\u308c\u3070\u30012026\u5e74\u5f8c\u534a\u306b\u5ef6\u671f\u3055\u308c\u305f\u3068\u3055\u308c\u308b\u30b9\u30ca\u30c3\u30d7\u306e\u30d1\u30fc\u30d7\u30ec\u30ad\u30b7\u30c6\u30a3AI\u3068\u306e\u63d0\u643a\u306b\u3088\u308b4\u5104\u30c9\u30eb\u306e\u9ad8\u53ce\u76ca\u6a5f\u4f1a\u306b\u3064\u3044\u3066\u306f\u4e0d\u900f\u660e\u3060\u3068\u6307\u6458\u3057\u305f\u3002<\/p>\n
\u7af6\u5408\u4ed6\u793e\u306e\u72b6\u6cc1\u306f\u6ce8\u76ee\u306b\u5024\u3059\u308b\u3002<\/p>\n
\u30b9\u30ca\u30c3\u30d7\u306e\u540c\u696d\u4ed6\u793e\u3067\u3042\u308b\u30a4\u30f3\u30bf\u30e9\u30af\u30c6\u30a3\u30d6\u30fb\u30e1\u30c7\u30a3\u30a2\u306e\u3046\u3061\u3001\u30d4\u30f3\u30bf\u30ec\u30b9\u30c8\u306fEV\/\u58f2\u4e0a\u9ad8\u304c1.92\u500d\u3001EV\/EBITDA\u304c6.60\u500d\u3001\u30d0\u30a4\u30c9\u30a5\u306fEV\/\u58f2\u4e0a\u9ad8\u304c1.93\u500d\u3001EV\/EBITDA\u304c10.65\u500d\u3068\u306a\u3063\u3066\u3044\u308b\u3002Snap\u306eNTM EV\/\u58f2\u4e0a\u9ad8\u306e1.17\u500d\u306f\u3001\u8868\u9762\u7684\u306b\u306f\u5272\u5b89\u306b\u898b\u3048\u308b\u3002<\/p>\n
\u30d4\u30f3\u30bf\u30ec\u30b9\u30c8\u3068\u30d0\u30a4\u30c9\u30a5\u306fGAAP\u30d9\u30fc\u30b9\u3067\u55b6\u696d\u5229\u76ca\u304c\u51fa\u3066\u304a\u308a\u3001\u73fe\u5728\u306e\u898f\u5236\u30ea\u30b9\u30af\u3082\u4f4e\u3044\u3002\u3053\u306e\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\u306f\u59a5\u5f53\u304b\u3082\u3057\u308c\u306a\u3044\u304c\u3001\u5b89\u304f\u306f\u306a\u3044\u3002<\/p>\n
\u30ab\u30ea\u30d5\u30a9\u30eb\u30cb\u30a2\u5dde\u306e\u966a\u5be9\u306f\u6700\u8fd1\u3001\u82e5\u3044\u30e6\u30fc\u30b6\u30fc\u3092\u643e\u53d6\u3059\u308b\u305f\u3081\u306b\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u3092\u8a2d\u8a08\u3057\u305f\u30e1\u30bf\u3068\u30e6\u30fc\u30c1\u30e5\u30fc\u30d6\u306e\u8cac\u4efb\u3092\u8a8d\u3081\u305f\u3002\u30b9\u30ca\u30c3\u30d7\u3082\u540c\u3058\u8a34\u8a1f\u306b\u52a0\u308f\u3063\u3066\u3044\u305f\u304c\u3001\u8a55\u6c7a\u524d\u306b\u975e\u516c\u958b\u306e\u91d1\u984d\u3067\u548c\u89e3\u3057\u305f \u3002 <\/p>\n
\u82e5\u5e74\u30e6\u30fc\u30b6\u30fc\u3092\u62b1\u3048\u308b\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u3092\u53d6\u308a\u5dfb\u304f\u5e83\u7bc4\u306a\u6cd5\u7684\u74b0\u5883\u306f\u53b3\u3057\u3055\u3092\u5897\u3057\u3066\u304a\u308a\u3001\u30b9\u30ca\u30c3\u30d7\u30c1\u30e3\u30c3\u30c8\u306e\u5229\u7528\u8005\u306f\u4e3b\u8981\u7af6\u5408\u4f01\u696d\u306e\u307b\u3068\u3093\u3069\u3088\u308a\u3082\u82e5\u5e74\u5c64\u304c\u591a\u3044\u3002<\/p>\n
![\"\"](\"https:\/\/www.wacoca.com\/news\/wp-content\/uploads\/2026\/03\/TIKR.com_Snap-Inc.-SNAP-NTM-Total-Enterprise-Value-_-EBITDA.webp\")
\u30b9\u30ca\u30c3\u30d7\u682a\u4fa1\u76ee\u6a19 (TIKR)<\/p>\n
TIKR\u3067\u30b9\u30ca\u30c3\u30d7\u306e\u540c\u696d\u4ed6\u793e\u306b\u5bfe\u3059\u308b\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u3092\u898b\u308b\uff08\u7121\u6599\u3067\u3059\uff01\uff09 >><\/p>\n
TIKR\u9ad8\u5ea6\u30e2\u30c7\u30eb\u5206\u6790<\/p>\n
\u73fe\u5728\u4fa1\u683c\uff1a3.93\u30c9\u30eb<\/p>\n
\u76ee\u6a19\u682a\u4fa1\uff08\u30d9\u30fc\u30b9\u30b1\u30fc\u30b9\uff09 $3.06<\/p>\n
\u6f5c\u5728\u7684\u30c8\u30fc\u30bf\u30eb\u30ea\u30bf\u30fc\u30f3:(22.1%)<\/p>\n
\u5e74\u7387IRR: (8.60%) \/\u5e74<\/p>\n
![\"\"](\"https:\/\/www.wacoca.com\/news\/wp-content\/uploads\/2026\/03\/SNAP_valuation_model_99743670bc.webp\")
Snap\u306e\u76ee\u6a19\u682a\u4fa1 (TIKR)<\/p>\n
\u30a2\u30ca\u30ea\u30b9\u30c8\u306b\u3088\u308bSnap\u682a\u306e\u6210\u9577\u4e88\u6e2c\u3068\u76ee\u6a19\u682a\u4fa1\u3092\u898b\u308b\uff08\u7121\u6599\u3067\u3059\uff01\uff09\uff1e\uff1e\uff1e\u3002<\/p>\n
TIKR\u306e\u30d9\u30fc\u30b9\u30b1\u30fc\u30b9\u30fb\u30e2\u30c7\u30eb\u306f\u30012028\u5e7412\u670831\u65e5\u307e\u3067\u306b3.06\u30c9\u30eb\u3092\u76ee\u6a19\u306b\u3057\u3001\u30de\u30a4\u30ca\u30b922.1%\u306e\u30c8\u30fc\u30bf\u30eb\u30fb\u30ea\u30bf\u30fc\u30f3\u3092\u610f\u5473\u3059\u308b\u3002\u3053\u306e\u30e2\u30c7\u30eb\u3067\u306f\u3001\u30b5\u30d6\u30b9\u30af\u30ea\u30d7\u30b7\u30e7\u30f3\u306e\u7d99\u7d9a\u7684\u306a\u6210\u9577\u3068\u3001SMB\u30bb\u30b0\u30e1\u30f3\u30c8\u306e\u898f\u6a21\u62e1\u5927\u306b\u4f34\u3046\u5e83\u544a\u4e3b\u9700\u8981\u306e\u7de9\u3084\u304b\u306a\u56de\u5fa9\u304c\u539f\u52d5\u529b\u3068\u306a\u308a\u3001\u58f2\u4e0a\u9ad8\u306e\u5e74\u5e73\u5747\u6210\u9577\u7387\u304c10.2%\u306b\u306a\u308b\u3068\u60f3\u5b9a\u3057\u3066\u3044\u308b\u3002\u5229\u76ca\u9762\u3067\u306f\u3001\u30c7\u30ec\u30af\u30fb\u30a2\u30f3\u30c0\u30fc\u30bb\u30f3\u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005\uff08CFO\uff09\u306e\u7b2c4\u56db\u534a\u671f\u306e\u30b3\u30e1\u30f3\u30c8\u901a\u308a\u3001\u58f2\u4e0a\u7dcf\u5229\u76ca\u7387\u304c60\uff05\u3078\u3068\u62e1\u5927\u3059\u308b\u3002\u305d\u308c\u3067\u30822028\u5e74\u307e\u3067\u306e\u55b6\u696d\u5229\u76ca\u7387\u306f\u30de\u30a4\u30ca\u30b92.4%\u3068\u4e88\u6e2c\u3055\u308c\u308b\u304c\u3001\u3053\u308c\u306fSpecs\uff082026\u5e74\u306b\u6d88\u8cbb\u8005\u5411\u3051\u306b\u767a\u58f2\u4e88\u5b9a\u306e\u30b9\u30ca\u30c3\u30d7\u306eAR\u30e1\u30ac\u30cd\uff09\u3001AI\u30a4\u30f3\u30d5\u30e9\u3001\u55b6\u696d\u90e8\u968a\u306e\u62e1\u5927\u3078\u306e\u7d99\u7d9a\u7684\u306a\u6295\u8cc7\u3092\u53cd\u6620\u3057\u3066\u3044\u308b\u3002<\/p>\n
\u30a2\u30c3\u30d7\u30b5\u30a4\u30c9\u306e\u30b1\u30fc\u30b9\uff1aPerplexity\u306e\u63d0\u643a\u53ce\u5165\u304c\u4e88\u5b9a\u901a\u308a\u5165\u308a\u3001Specs\u304c\u6d88\u8cbb\u8005\u5c64\u3092\u7372\u5f97\u3057\u3001EU\u306e\u8abf\u67fb\u304c\u7f70\u91d1\u306a\u3057\u3067\u89e3\u6c7a\u3059\u308b\u3002\u30c0\u30a6\u30f3\u30b5\u30a4\u30c9\u306e\u5834\u5408\uff1aDSA\u306e\u7f70\u5247\u304c\u4e0a\u9650\u306e6\uff05\u306b\u8fd1\u3065\u304d\u3001Perplexity\u3068\u306e\u63d0\u643a\u304c\u671f\u5f85\u5916\u308c\u3068\u306a\u308a\u3001\u6b27\u5dde\u5168\u57df\u306718\u6b73\u672a\u6e80\u898f\u5236\u304c\u3055\u3089\u306b\u5f37\u5316\u3055\u308c\u308b\u3002TIKR\u30e2\u30c7\u30eb\u306b\u3088\u308c\u3070\u3001\u682a\u4fa1\u306f3.93\u30c9\u30eb\u3068\u5272\u5b89\u3067\u306f\u306a\u3044\u3002\u3053\u308c\u304c\u6b63\u76f4\u306a\u8aad\u307f\u3060\u3002<\/p>\n
\u7d50\u8ad6\uff1a 2026\u5e745\u67086\u65e5\u306b\u884c\u308f\u308c\u308b\u30b9\u30ca\u30c3\u30d7\u306e2026\u5e74\u7b2c1\u56db\u534a\u671f\u6c7a\u7b97\u3067\u3001\u5e83\u544a\u53ce\u5165\u30e9\u30a4\u30f3\u3092\u6ce8\u8996\u3057\u3088\u3046\u3002\u7b2c4\u56db\u534a\u671f\u306e\u5e83\u544a\u53ce\u5165\u306f\u524d\u5e74\u540c\u671f\u6bd4\u308f\u305a\u304b5\uff05\u5897\u3060\u3063\u305f\u3002\u7b2c4\u56db\u534a\u671f\u306e\u5e83\u544a\u53ce\u5165\u306f\u524d\u5e74\u540c\u671f\u6bd45\uff05\u5897\u306b\u3068\u3069\u307e\u308a\u3001\u30b5\u30d6\u30b9\u30af\u30ea\u30d7\u30b7\u30e7\u30f3\u304c\u305d\u308c\u3092\u76f8\u6bba\u3059\u308b\u4e00\u65b9\u3067\u5e83\u544a\u53ce\u5165\u304c\u6e1b\u901f\u3057\u305f\u5834\u5408\u3001\u30de\u30fc\u30b8\u30f3\u30b9\u30c8\u30fc\u30ea\u30fc\u306f\u7dad\u6301\u3055\u308c\u308b\u304c\u3001\u30b3\u30a2\u5e83\u544a\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u306e\u30c6\u30fc\u30bc\u306f\u3055\u3089\u306b\u5f31\u307e\u308b\u3002\u5e83\u544a\u304c\u518d\u52a0\u901f\u3057\u3001\u30d1\u30fc\u30d7\u30ec\u30ad\u30b7\u30c6\u30a3\u306e\u53ce\u76ca\u304c\u7b2c3\u56db\u534a\u671f\u306b\u78ba\u8a8d\u3055\u308c\u308c\u3070\u3001\u30b9\u30c8\u30fc\u30ea\u30fc\u306f\u4e00\u6c17\u306b\u5909\u308f\u308b\u3002\u3053\u306e\u4e00\u672c\u306e\u7dda\u304c\u3001\u3053\u306e\u682a\u4fa1\u304c\u5b89\u5b9a\u3059\u308b\u304b\u65b0\u5b89\u5024\u3092\u66f4\u65b0\u3059\u308b\u304b\u3092\u6c7a\u3081\u308b\u3060\u308d\u3046\u3002<\/p>\n
\u30b9\u30ca\u30c3\u30d7\u306f9\u51044,600\u4e07\u4eba\u306e\u6708\u9593\u30a2\u30af\u30c6\u30a3\u30d6\u30e6\u30fc\u30b6\u30fc\u3001\u5e74\u738710\u5104\u30c9\u30eb\u3092\u8d85\u3048\u308b\u30b5\u30d6\u30b9\u30af\u30ea\u30d7\u30b7\u30e7\u30f3\u4e8b\u696d\u3001\u305d\u3057\u30662017\u5e74\u306eIPO\u524d\u4ee5\u6765\u306e\u4fa1\u683c\u3067\u53d6\u5f15\u3055\u308c\u3066\u3044\u308b\u30cf\u30fc\u30c9\u30a6\u30a7\u30a2\u30d9\u30c3\u30c8\u3092\u6301\u3063\u3066\u3044\u308b\u3002TIKR\u30e2\u30c7\u30eb\u306f\u3001\u307e\u3060\u4fdd\u6709\u3059\u308b\u306b\u306f\u5341\u5206\u5272\u5b89\u3067\u306f\u306a\u3044\u3068\u3057\u3066\u3044\u308b\u3002<\/p>\n
\u5104\u4e07\u9577\u8005\u306e\u6295\u8cc7\u5bb6\u305f\u3061\u304c\u3069\u3093\u306a\u9298\u67c4\u3092\u8cb7\u3063\u3066\u3044\u308b\u304b\u3092\u898b\u3066\u3001\u3042\u306a\u305f\u3082TIKR\u3067\u30b9\u30de\u30fc\u30c8\u30de\u30cd\u30fc\u3092\u8ffd\u3044\u304b\u3051\u3088\u3046\u3002<\/p>\n
\u30b9\u30ca\u30c3\u30d7\u306b\u6295\u8cc7\u3059\u3079\u304d\u304b\uff1f<\/p>\n
\u672c\u5f53\u306b\u77e5\u308b\u552f\u4e00\u306e\u65b9\u6cd5\u306f\u3001\u81ea\u5206\u3067\u6570\u5b57\u3092\u898b\u308b\u3053\u3068\u3060\u3002TIKR\u306f\u3001\u30d7\u30ed\u306e\u30a2\u30ca\u30ea\u30b9\u30c8\u304c\u305d\u306e\u8cea\u554f\u306b\u7b54\u3048\u308b\u305f\u3081\u306b\u4f7f\u7528\u3057\u3066\u3044\u308b\u306e\u3068\u540c\u3058\u3001\u6a5f\u95a2\u6295\u8cc7\u5bb6\u54c1\u8cea\u306e\u8ca1\u52d9\u30c7\u30fc\u30bf\u306b\u7121\u6599\u3067\u30a2\u30af\u30bb\u30b9\u3067\u304d\u307e\u3059\u3002<\/p>\n
Snap\u3092\u5f15\u304d\u51fa\u305b\u3070\u3001\u6570\u5e74\u5206\u306e\u904e\u53bb\u306e\u8ca1\u52d9\u30c7\u30fc\u30bf\u3001\u30a6\u30a9\u30fc\u30eb\u8857\u306e\u30a2\u30ca\u30ea\u30b9\u30c8\u304c\u4e88\u60f3\u3059\u308b\u4eca\u5f8c\u306e\u58f2\u4e0a\u3068\u5229\u76ca\u3001\u8a55\u4fa1\u500d\u7387\u306e\u63a8\u79fb\u3001\u76ee\u6a19\u682a\u4fa1\u304c\u4e0a\u6607\u50be\u5411\u306b\u3042\u308b\u306e\u304b\u4e0b\u964d\u50be\u5411\u306b\u3042\u308b\u306e\u304b\u3092\u898b\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002<\/p>\n
\u7121\u6599\u306e\u30a6\u30a9\u30c3\u30c1\u30ea\u30b9\u30c8\u3092\u4f5c\u6210\u3057\u3066 \u30b9\u30ca\u30c3\u30d7\u3092\u3042\u306a\u305f\u306e\u30ec\u30fc\u30c0\u30fc\u4e0a\u306e\u4ed6\u306e\u3059\u3079\u3066\u306e\u9298\u67c4\u3068\u4e00\u7dd2\u306b\u8ffd\u8de1\u3059\u308b\u305f\u3081\u306e\u7121\u6599\u306e\u30a6\u30a9\u30c3\u30c1\u30ea\u30b9\u30c8\u3092\u69cb\u7bc9\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002\u30af\u30ec\u30b8\u30c3\u30c8\u30ab\u30fc\u30c9\u306f\u4e0d\u8981\u3002\u3054\u81ea\u8eab\u306e\u5224\u65ad\u306b\u5fc5\u8981\u306a\u30c7\u30fc\u30bf\u3060\u3051\u3067\u3059\u3002<\/p>\n
TIKR\u3067Snap\u3092\u5206\u6790 \u7121\u6599 \u2192 \u691c\u7d22<\/p>\n
\u65b0\u3057\u3044\u30c1\u30e3\u30f3\u30b9\u3092\u304a\u63a2\u3057\u3067\u3059\u304b\uff1f<\/p>\n
\u514d\u8cac\u4e8b\u9805<\/p>\n
TIKR\u306b\u63b2\u8f09\u3055\u308c\u3066\u3044\u308b\u8a18\u4e8b\u306f\u3001TIKR\u3084\u30b3\u30f3\u30c6\u30f3\u30c4\u30c1\u30fc\u30e0\u306b\u3088\u308b\u6295\u8cc7\u3084\u8ca1\u52d9\u306b\u95a2\u3059\u308b\u30a2\u30c9\u30d0\u30a4\u30b9\u3001\u307e\u305f\u9298\u67c4\u306e\u58f2\u8cb7\u3092\u63a8\u5968\u3059\u308b\u3082\u306e\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u5f0a\u793e\u306f\u3001TIKR\u30bf\u30fc\u30df\u30ca\u30eb\u306e\u6295\u8cc7\u30c7\u30fc\u30bf\u304a\u3088\u3073\u30a2\u30ca\u30ea\u30b9\u30c8\u306e\u4e88\u6e2c\u306b\u57fa\u3065\u3044\u3066\u30b3\u30f3\u30c6\u30f3\u30c4\u3092\u4f5c\u6210\u3057\u3066\u3044\u307e\u3059\u3002\u5f0a\u793e\u306e\u5206\u6790\u306b\u306f\u3001\u6700\u8fd1\u306e\u4f01\u696d\u30cb\u30e5\u30fc\u30b9\u3084\u91cd\u8981\u306a\u6700\u65b0\u60c5\u5831\u304c\u542b\u307e\u308c\u3066\u3044\u306a\u3044\u5834\u5408\u304c\u3042\u308a\u307e\u3059\u3002TIKR\u306f\u3044\u304b\u306a\u308b\u9298\u67c4\u306b\u3082\u6295\u8cc7\u3057\u3066\u304a\u308a\u307e\u305b\u3093\u3002\u304a\u8aad\u307f\u3044\u305f\u3060\u304d\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\uff01<\/p>\n","protected":false},"excerpt":{"rendered":"
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