{"id":118935,"date":"2026-03-12T08:28:05","date_gmt":"2026-03-11T23:28:05","guid":{"rendered":"https:\/\/ouispeakfashion.com\/jp\/?p=118935"},"modified":"2026-03-12T08:28:05","modified_gmt":"2026-03-11T23:28:05","slug":"2026-03-11-inditex","status":"publish","type":"post","link":"https:\/\/ouispeakfashion.com\/jp\/2026-03-11-inditex\/","title":{"rendered":"\u30a4\u30f3\u30c7\u30a3\u30c6\u30c3\u30af\u30b9\uff08Inditex\uff09\u30012025\u5e74\u5ea6\u58f2\u4e0a399\u5104\u30e6\u30fc\u30ed\uff1a\u5897\u53ce\u5897\u76ca\u3067\u904e\u53bb\u6700\u9ad8\u3092\u66f4\u65b0"},"content":{"rendered":"

3<\/span>\u6708<\/span>11<\/span>\u65e5\uff08<\/span>\u73fe\u5730<\/span>\u6642\u9593\uff09\u3001<\/span>\u30b9\u30da\u30a4\u30f3<\/span>\u306e<\/span>\u30d5\u30a1\u30c3\u30b7\u30e7\u30f3<\/span>\u5927\u624b<\/span>\u30a4\u30f3\u30c7\u30a3<\/span>\u30c6\u30c3\u30af\u30b9\uff08<\/span>Inditex\uff09<\/span>\u306f\u3001<\/span>2025<\/span>\u5e74\u5ea6<\/span>\u6c7a\u7b97<\/span>\u3092<\/span>\u767a\u8868<\/span>\u3057\u305f\u3002<\/span>\u58f2\u4e0a<\/span>\u9ad8<\/span>\u306f<\/span>399<\/span>\u5104<\/span>\u30e6\u30fc\u30ed\u3001<\/span>\u7d14<\/span>\u5229\u76ca<\/span>\u306f<\/span>62<\/span>\u5104<\/span>\u30e6\u30fc\u30ed<\/span>\u3068\u306a\u308a\u3001<\/span>\u58f2\u4e0a\u30fb<\/span>\u5229\u76ca<\/span>\u3068\u3082\u306b<\/span>\u904e\u53bb<\/span>\u6700\u9ad8<\/span>\u3092<\/span>\u66f4\u65b0\u3002<\/span>\u5b9f<\/span>\u5e97\u8217<\/span>\u3068<\/span>\u30aa\u30f3\u30e9\u30a4\u30f3<\/span>\u306e<\/span>\u4e21<\/span>\u30c1\u30e3\u30cd\u30eb<\/span>\u3067<\/span>\u6210\u9577<\/span>\u3092<\/span>\u7dad\u6301<\/span>\u3057\u305f\u3002<\/span><\/p>\n

\u540c\u793e<\/span>\u306b\u3088\u308b<\/span>\u3068\u3001<\/span>2026<\/span>\u5e74<\/span>\u306e<\/span>\u30b9\u30bf\u30fc\u30c8<\/span>\u3082<\/span>\u597d\u8abf<\/span>\u3067<\/span>\u3042\u308b\u3002<\/span>2026<\/span>\u5e74<\/span>2<\/span>\u6708<\/span>1<\/span>\u65e5<\/span>\u304b\u3089<\/span>3<\/span>\u6708<\/span>8<\/span>\u65e5<\/span>\u307e\u3067<\/span>\u306e<\/span>\u5e97\u8217<\/span>\u304a\u3088\u3073<\/span>\u30aa\u30f3\u30e9\u30a4\u30f3<\/span>\u58f2\u4e0a<\/span>\u306f\u3001<\/span>\u70ba\u66ff<\/span>\u4e00\u5b9a<\/span>\u30d9\u30fc\u30b9<\/span>\u3067<\/span>\u524d\u5e74<\/span>\u540c\u671f<\/span>\u6bd4<\/span>9\uff05<\/span>\u5897<\/span>\u3068<\/span>\u306a<\/span>\u3063<\/span>\u305f\u3002<\/span>2026<\/span>\u5e74\u6625<\/span>\u590f<\/span>\u30b3\u30ec\u30af\u30b7\u30e7\u30f3<\/span>\u304c<\/span>\u9867\u5ba2<\/span>\u304b\u3089<\/span>\u9ad8\u3044<\/span>\u652f\u6301<\/span>\u3092<\/span>\u5f97\u3066<\/span>\u3044\u308b<\/span>\u3068\u3044\u3046\u3002<\/span><\/p>\n

\u30b6<\/span>\u30e9\uff08<\/span>Zara\uff09<\/span>\u3092<\/span>\u4e2d\u5fc3<\/span>\u306b\u3001<\/span>\u30d9\u30eb\u30b7\u30e5\u30ab\uff08<\/span>Bershka\uff09\u3001<\/span>\u30b9\u30c8<\/span>\u30e9<\/span>\u30c7<\/span>\u30a3<\/span>\u30d0\u30ea<\/span>\u30a6<\/span>\u30b9\uff08<\/span>Stradivarius\uff09\u3001<\/span>\u30de\u30c3\u30b7\u30e2 <\/span>\u30c9\u30a5\u30c3\u30c6\u30a3\uff08<\/span>Massimo <\/span>Dutti\uff09\u3001<\/span>\u30aa\u30a4\u30b7\u30e7\uff08<\/span>Oysho\uff09<\/span>\u306a\u3069<\/span>\u8907\u6570<\/span>\u30d6\u30e9\u30f3\u30c9<\/span>\u3092<\/span>\u5c55\u958b<\/span>\u3059\u308b<\/span>\u540c\u793e<\/span>\u306f\u3001<\/span>\u7d71\u5408<\/span>\u578b<\/span>\u30d3\u30b8\u30cd\u30b9<\/span>\u30e2\u30c7\u30eb<\/span>\u3092<\/span>\u8ef8<\/span>\u306b<\/span>\u58f2\u4e0a<\/span>\u6210\u9577<\/span>\u3068<\/span>\u53ce\u76ca<\/span>\u6027<\/span>\u306e<\/span>\u4e21\u7acb<\/span>\u3092<\/span>\u5b9f\u73fe<\/span>\u3057\u305f\u3002<\/span><\/p>\n

\u58f2\u4e0a<\/span>\u6210\u9577<\/span>\u3068<\/span>\u53ce\u76ca<\/span>\u6027<\/span>\u306e<\/span>\u4e21\u7acb<\/span><\/strong><\/h4>\n

2025<\/span>\u5e74\u5ea6<\/span>\u306e<\/span>\u58f2\u4e0a<\/span>\u9ad8<\/span>\u306f<\/span>\u524d\u5e74<\/span>\u540c\u671f<\/span>\u6bd4<\/span>3.2\uff05<\/span>\u5897<\/span>\u306e<\/span>399<\/span>\u5104<\/span>\u30e6\u30fc\u30ed\u3002<\/span>\u70ba\u66ff<\/span>\u4e00\u5b9a<\/span>\u30d9\u30fc\u30b9<\/span>\u3067\u306f<\/span>7.0\uff05<\/span>\u5897<\/span>\u3068\u306a\u308a\u3001<\/span>\u3059\u3079\u3066<\/span>\u306e<\/span>\u30d6\u30e9\u30f3\u30c9<\/span>\u696d\u614b<\/span>\u304a\u3088\u3073<\/span>\u3059\u3079\u3066<\/span>\u306e<\/span>\u5730\u57df<\/span>\u3067<\/span>\u30d7\u30e9\u30b9<\/span>\u6210\u9577<\/span>\u3092<\/span>\u8a18\u9332<\/span>\u3057\u305f\u3002<\/span><\/p>\n

\u58f2\u4e0a<\/span>\u7dcf<\/span>\u5229\u76ca<\/span>\u306f<\/span>232<\/span>\u5104<\/span>\u30e6\u30fc\u30ed<\/span>\u3067<\/span>\u524d\u5e74<\/span>\u540c\u671f<\/span>\u6bd4<\/span>3.9\uff05<\/span>\u5897\u3001<\/span>\u58f2\u4e0a<\/span>\u7dcf<\/span>\u5229\u76ca<\/span>\u7387<\/span>\u306f<\/span>58.3\uff05<\/span>\u3068<\/span>\u306a<\/span>\u3063<\/span>\u305f\u3002<\/span>\u55b6\u696d<\/span>\u8cbb\u7528<\/span>\u306e<\/span>\u5897\u52a0<\/span>\u7387<\/span>\u306f<\/span>2.8\uff05<\/span>\u306b<\/span>\u3068<\/span>\u3069\u307e\u308a\u3001<\/span>\u58f2\u4e0a<\/span>\u6210\u9577\u7387<\/span>\u3092<\/span>\u4e0b\u56de<\/span>\u3063<\/span>\u305f\u3002<\/span><\/p>\n

EBITDA<\/span>\u306f<\/span>113<\/span>\u5104<\/span>\u30e6\u30fc\u30ed<\/span>\u3067<\/span>\u524d\u5e74<\/span>\u540c\u671f<\/span>\u6bd4<\/span>5.0\uff05<\/span>\u5897\u3001<\/span>EBIT<\/span>\u306f<\/span>80<\/span>\u5104<\/span>\u30e6\u30fc\u30ed<\/span>\u3067<\/span>\u540c<\/span>5.9\uff05<\/span>\u5897\u3001<\/span>\u7a0e<\/span>\u5f15<\/span>\u524d<\/span>\u5229\u76ca<\/span>\u306f<\/span>80<\/span>\u5104<\/span>\u30e6\u30fc\u30ed<\/span>\u3067<\/span>\u540c<\/span>5.8\uff05<\/span>\u5897<\/span>\u3068<\/span>\u306a<\/span>\u3063<\/span>\u305f\u3002<\/span>\u7d14<\/span>\u5229\u76ca<\/span>\u306f<\/span>62<\/span>\u5104<\/span>\u30e6\u30fc\u30ed<\/span>\u3067<\/span>\u524d\u5e74<\/span>\u540c\u671f<\/span>\u6bd4<\/span>6.0\uff05<\/span>\u5897<\/span>\u3068\u306a\u308a\u3001<\/span>\u8fd1\u5e74<\/span>\u306e<\/span>\u6210\u9577<\/span>\u57fa\u8abf<\/span>\u3092<\/span>\u7dad\u6301<\/span>\u3057\u305f\u3002<\/span><\/p>\n

\u30a4\u30f3\u30c7\u30a3<\/span>\u30c6\u30c3\u30af\u30b9\uff08<\/span>Inditex\uff09<\/span>\u306e<\/span>CEO\u3001<\/span>\u30aa\u30b9\u30ab\u30eb\u30fb<\/span>\u30ac\u30eb\u30b7\u30a2\u30fb<\/span>\u30de\u30bb\u30a4\u30e9\u30b9\uff08<\/span>\u00d3scar <\/span>Garc\u00eda <\/span>Maceiras\uff09<\/span>\u306f<\/span>\u6b21<\/span>\u306e<\/span>\u3088\u3046<\/span>\u306b<\/span>\u30b3\u30e1\u30f3\u30c8<\/span>\u3057<\/span>\u3066<\/span>\u3044\u308b\u3002<\/span><\/p>\n

\u300c<\/span>\u4eca\u56de<\/span>\u306e<\/span>\u7d50\u679c<\/span>\u306f\u3001<\/span>\u4e16\u754c\u4e2d<\/span>\u306e<\/span>\u4f55<\/span>\u767e\u4e07<\/span>\u3082\u306e<\/span>\u9867\u5ba2<\/span>\u304c\u3001<\/span>\u65e5\u3005<\/span>\u5f53\u793e<\/span>\u306e<\/span>8<\/span>\u3064<\/span>\u306e<\/span>\u30d6\u30e9\u30f3\u30c9<\/span>\u696d\u614b<\/span>\u306b<\/span>\u5bc4\u305b\u308b<\/span>\u4fe1\u983c<\/span>\u306b<\/span>\u5fdc\u3048<\/span>\u3066<\/span>\u304d\u305f<\/span>\u30c1\u30fc\u30e0<\/span>\u306e<\/span>\u529b<\/span>\u3092<\/span>\u53cd\u6620<\/span>\u3057<\/span>\u3066\u3044<\/span>\u307e\u3059\u3002<\/span>\u9867\u5ba2<\/span>\u3068<\/span>\u3064\u306a\u304c\u308a\u3001<\/span>\u5f7c\u3089<\/span>\u306e<\/span>\u6c42\u3081\u308b<\/span>\u3082\u306e<\/span>\u3092<\/span>\u7406\u89e3<\/span>\u3057\u3001<\/span>\u6700\u826f<\/span>\u306e<\/span>\u5546\u54c1<\/span>\u3068<\/span>\u5dee\u5225<\/span>\u5316<\/span>\u3055<\/span>\u308c<\/span>\u305f<\/span>\u4f53\u9a13<\/span>\u3092<\/span>\u63d0\u4f9b<\/span>\u3059\u308b<\/span>\u3053\u3068<\/span>\u304c\u3001<\/span>\u5f53\u793e<\/span>\u306e<\/span>\u9577\u671f<\/span>\u7684<\/span>\u6210\u9577<\/span>\u898b\u901a\u3057<\/span>\u3092<\/span>\u652f\u3048<\/span>\u3066\u3044<\/span>\u307e\u3059\u300d<\/span><\/p>\n

\u30aa\u30f3\u30e9\u30a4\u30f3<\/span>\u4e8b\u696d<\/span>\u3068<\/span>\u5e97\u8217<\/span>\u30cd\u30c3\u30c8\u30ef\u30fc\u30af<\/span><\/strong><\/h4>\n

\u30aa\u30f3\u30e9\u30a4\u30f3<\/span>\u4e8b\u696d<\/span>\u3082<\/span>\u5f15\u304d\u7d9a\u304d<\/span>\u62e1\u5927<\/span>\u3057<\/span>\u3066<\/span>\u304a\u308a\u3001<\/span>\u30c7\u30b8\u30bf\u30eb<\/span>\u58f2\u4e0a<\/span>\u306f<\/span>\u524d\u5e74<\/span>\u6bd4<\/span>4.8\uff05<\/span>\u5897<\/span>\u306e<\/span>107<\/span>\u5104<\/span>\u30e6\u30fc\u30ed<\/span>\u3068<\/span>\u306a<\/span>\u3063<\/span>\u305f\u3002<\/span>\u5e97\u8217<\/span>\u3068<\/span>\u30aa\u30f3\u30e9\u30a4\u30f3<\/span>\u3092<\/span>\u7d71\u5408<\/span>\u3057\u305f<\/span>\u30aa\u30e0\u30cb\u30c1\u30e3\u30cd\u30eb<\/span>\u6226\u7565<\/span>\u306b\u3088\u308a\u3001<\/span>\u30b0\u30ed\u30fc\u30d0\u30eb<\/span>\u3067<\/span>\u30b7\u30fc\u30e0\u30ec\u30b9<\/span>\u306a<\/span>\u9867\u5ba2<\/span>\u4f53\u9a13<\/span>\u3092<\/span>\u63d0\u4f9b<\/span>\u3057<\/span>\u3066<\/span>\u3044\u308b\u3002<\/span><\/p>\n

2025<\/span>\u5e74<\/span>\u306b<\/span>\u306f<\/span>41<\/span>\u5e02\u5834<\/span>\u3067<\/span>\u51fa\u5e97<\/span>\u3092<\/span>\u884c\u3044\u3001<\/span>190<\/span>\u5e97\u8217<\/span>\u306e<\/span>\u65b0\u898f<\/span>\u30aa\u30fc\u30d7\u30f3\u3001<\/span>217<\/span>\u5e97\u8217<\/span>\u306e<\/span>\u6539\u88c5\uff08<\/span>\u3046\u3061<\/span>96<\/span>\u5e97\u8217<\/span>\u306f<\/span>\u5897<\/span>\u5e8a\uff09\u3001<\/span>293<\/span>\u5e97\u8217<\/span>\u306e<\/span>\u7d71\u5408<\/span>\u3092<\/span>\u5b9f\u65bd<\/span>\u3057\u305f\u3002<\/span>2025<\/span>\u5e74\u5ea6\u672b<\/span>\u6642\u70b9<\/span>\u3067\u3001<\/span>\u540c\u793e<\/span>\u306e<\/span>\u5e97\u8217<\/span>\u6570<\/span>\u306f<\/span>\u4e16\u754c<\/span>\u3067<\/span>5,460<\/span>\u5e97\u8217<\/span>\u3068<\/span>\u306a<\/span>\u3063<\/span>\u305f\u3002<\/span>\u7dcf<\/span>\u58f2\u5834<\/span>\u9762\u7a4d<\/span>\u306f<\/span>\u524d\u5e74<\/span>\u6bd4<\/span>5.3\uff05<\/span>\u5897<\/span>\u306e<\/span>472<\/span>\u4e07<\/span>\u5e73\u65b9\u30e1\u30fc\u30c8\u30eb<\/span>\u3002<\/span><\/p>\n

\u30d6\u30e9\u30f3\u30c9<\/span>\u5225<\/span>\u3067\u306f\u3001<\/span>\u30b6<\/span>\u30e9\uff08<\/span>Zara\u3001<\/span>Zara <\/span>Home\u3001<\/span>Lefties<\/span>\u3092<\/span>\u542b\u3080\uff09<\/span>\u304c<\/span>280<\/span>\u5104<\/span>5100<\/span>\u4e07<\/span>\u30e6\u30fc\u30ed<\/span>\u3067<\/span>\u6700\u5927<\/span>\u306e<\/span>\u58f2\u4e0a<\/span>\u3092<\/span>\u5360<\/span>\u3081<\/span>\u305f\u3002<\/span>\u7d9a<\/span>\u3044<\/span>\u3066<\/span>\u30d9\u30eb\u30b7\u30e5\u30ab\uff08<\/span>Bershka\uff09<\/span>\u304c<\/span>32<\/span>\u5104<\/span>8600<\/span>\u4e07<\/span>\u30e6\u30fc\u30ed\u3001<\/span>\u30b9\u30c8<\/span>\u30e9<\/span>\u30c7<\/span>\u30a3<\/span>\u30d0\u30ea<\/span>\u30a6<\/span>\u30b9\uff08<\/span>Stradivarius\uff09<\/span>\u304c<\/span>30<\/span>\u5104<\/span>200<\/span>\u4e07<\/span>\u30e6\u30fc\u30ed<\/span>\u3068<\/span>\u306a<\/span>\u3063<\/span>\u305f\u3002<\/span><\/p>\n

\u5730\u57df<\/span>\u5225<\/span>\u3067\u306f\u3001<\/span>\u30b9\u30da\u30a4\u30f3<\/span>\u3092<\/span>\u9664\u304f<\/span>\u6b27\u5dde<\/span>\u304c<\/span>\u58f2\u4e0a<\/span>\u306e<\/span>51.3\uff05<\/span>\u3092<\/span>\u5360<\/span>\u3081<\/span>\u6700\u5927<\/span>\u5e02\u5834<\/span>\u3068\u306a\u308a\u3001<\/span>\u30a2\u30e1\u30ea\u30ab<\/span>\u304c<\/span>17.8\uff05\u3001<\/span>\u30a2\u30b8\u30a2<\/span>\u304a\u3088\u3073<\/span>\u305d\u306e\u4ed6<\/span>\u5730\u57df<\/span>\u304c<\/span>15.0\uff05\u3001<\/span>\u30b9\u30da\u30a4\u30f3<\/span>\u304c<\/span>15.9\uff05<\/span>\u3068\u3044\u3046\u7d50\u679c\u306b<\/span>\u3002<\/span><\/p>\n

\u5728\u5eab<\/span>\u3068<\/span>\u8ca1\u52d9<\/span>\u72b6\u6cc1<\/span><\/strong><\/h4>\n

\u307e\u305f\u30012026<\/span>\u5e74<\/span>1<\/span>\u6708<\/span>31<\/span>\u65e5<\/span>\u6642\u70b9<\/span>\u306e<\/span>\u5728\u5eab<\/span>\u306f\u3001<\/span>32<\/span>\u5104<\/span>4900<\/span>\u4e07<\/span>\u30e6\u30fc\u30ed<\/span>\u3068\u306a\u308a\u3001<\/span>\u524d\u5e74<\/span>\u540c\u671f<\/span>\u6bd4<\/span>\u3067<\/span>2\uff05<\/span>\u6e1b\u5c11<\/span>\u3057\u305f\u3002<\/span>\u6625<\/span>\u590f<\/span>\u30b3\u30ec\u30af\u30b7\u30e7\u30f3<\/span>\u306e<\/span>\u521d\u671f<\/span>\u5728\u5eab<\/span>\u306f<\/span>\u9ad8<\/span>\u54c1\u8cea<\/span>\u3067<\/span>\u3042\u308b<\/span>\u3068<\/span>\u540c\u793e<\/span>\u306f<\/span>\u8aac\u660e<\/span>\u3057<\/span>\u3066<\/span>\u3044\u308b\u3002<\/span><\/p>\n

\u8ca1\u52d9<\/span>\u4f53\u8cea<\/span>\u3082<\/span>\u5f15\u304d\u7d9a\u304d<\/span>\u5b89\u5b9a<\/span>\u3057<\/span>\u3066<\/span>\u3044\u308b\u3002<\/span>\u30ea\u30fc\u30b9<\/span>\u8abf\u6574<\/span>\u5f8c<\/span>\u55b6\u696d<\/span>\u8cc7\u91d1<\/span>\u306f<\/span>\u524d\u5e74<\/span>\u6bd4<\/span>7\uff05<\/span>\u5897<\/span>\u3068\u306a\u308a\u3001<\/span>\u671f\u672b<\/span>\u6642\u70b9<\/span>\u306e<\/span>\u7d14<\/span>\u73fe\u91d1<\/span>\u30dd\u30b8\u30b7\u30e7\u30f3<\/span>\u306f<\/span>110<\/span>\u5104<\/span>\u30e6\u30fc\u30ed<\/span>\u3068<\/span>\u306a<\/span>\u3063<\/span>\u305f\u3002<\/span><\/p>\n

\u914d\u5f53<\/span>\u3068<\/span>\u6295\u8cc7<\/span>\u8a08\u753b<\/span><\/strong><\/h4>\n

\u53d6\u7de0\u5f79<\/span>\u4f1a<\/span>\u306f<\/span>2025<\/span>\u5e74\u5ea6<\/span>\u914d\u5f53<\/span>\u3068\u3057\u3066\u3001<\/span>1<\/span>\u682a<\/span>\u5f53\u305f\u308a<\/span>1.75<\/span>\u30e6\u30fc\u30ed<\/span>\u306e<\/span>\u652f\u6255\u3044<\/span>\u3092<\/span>\u682a\u4e3b<\/span>\u7dcf\u4f1a<\/span>\u306b<\/span>\u63d0\u6848<\/span>\u3059\u308b<\/span>\u4e88\u5b9a<\/span>\u3067<\/span>\u3042\u308b\u3002<\/span>\u5185\u8a33<\/span>\u306f<\/span>\u901a\u5e38<\/span>\u914d\u5f53<\/span>1.20<\/span>\u30e6\u30fc\u30ed<\/span>\u3068<\/span>\u7279\u5225<\/span>\u914d\u5f53<\/span>0.55<\/span>\u30e6\u30fc\u30ed<\/span>\u3067\u3001<\/span>2026<\/span>\u5e74<\/span>5<\/span>\u6708<\/span>\u3068<\/span>11<\/span>\u6708<\/span>\u306e<\/span>2<\/span>\u56de<\/span>\u306b<\/span>\u5206\u3051<\/span>\u3066<\/span>\u652f\u6255<\/span>\u308f\u308c\u308b\u3002<\/span><\/p>\n

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