[{"data":1,"prerenderedAt":1139},["ShallowReactive",2],{"content-/bofa-micron-buy-1550-target-2026-06-24":3,"all-pages-for-dir":1137,"og-image-/bofa-micron-buy-1550-target-2026-06-24":1138},{"id":4,"title":5,"body":6,"category":1116,"description":1117,"extension":1118,"meta":1119,"navigation":1120,"ogImage":1116,"path":1121,"project_name":1116,"published":1122,"publishedAt":1123,"seo":1124,"stem":1125,"tags":1126,"todo":1116,"unpublished":1122,"updatedAt":1116,"__hash__":1136},"pages/2026-06/2026-06-27/bofa-micron-buy-1550-target-2026-06-24.md","BofA: Micron 目標株価 $1,550 に引き上げ — SCA 16本／FCF最適化／構造的P/E再評価",{"type":7,"value":8,"toc":1093},"minimark",[9,55,60,63,119,123,261,267,279,283,290,295,341,350,354,370,374,404,408,412,557,564,573,577,707,714,718,729,772,781,785,834,847,851,854,892,903,907,1020,1024,1073,1077,1084,1087],[10,11,12],"blockquote",{},[13,14,15,19,20,23,26,27,29,32,33,35,38,39,42,43,50,51,54],"p",{},[16,17,18],"strong",{},"対象レポート",": BofA Securities, Vivek Arya / Duksan Jang / Michael Mani / Liam Pharr",[21,22],"br",{},[16,24,25],{},"タイトル",": \"Another memorable beat, SCA durability, FCF optionality\"（また記憶に残るビート、SCAの持続性、FCFの柔軟性）",[21,28],{},[16,30,31],{},"発行日",": 2026年6月24日",[21,34],{},[16,36,37],{},"レーティング",": BUY（再表明） / ",[16,40,41],{},"目標株価（PO）",": ",[44,45,49],"code",{"className":46},[47,48],"language-math","math-inline","1,550（旧 ","1,500） / ",[16,52,53],{},"現在株価",": $1,048.51",[56,57,59],"h2",{"id":58},"_1ページ要約","1ページ要約",[13,61,62],{},"Micron は2026年6月24日に決算を発表し、コンセンサスを再び大幅上回った（\"memorable beat\"）。BofAはこれを受けて以下を強調している。",[64,65,66,81,87,97,108],"ul",{},[67,68,69,72,73,76,77,80],"li",{},[16,70,71],{},"戦略的顧客契約（SCA）が16本に拡大","（前四半期から増加）。take-or-pay と価格floor/ceiling 付きの ",[16,74,75],{},"5年契約（CY26〜CY30）"," で、実行完了後は ",[16,78,79],{},"会社売上の半分以上をカバー"," する見込み。",[67,82,83,86],{},[16,84,85],{},"AI DRAM/NAND のビット出荷は CY26 時点で CY24 比 2倍超","。エージェント型AIとコンテクストメモリの拡大で需要が継続。",[67,88,89,92,93,96],{},[16,90,91],{},"FCFマージンが 50〜60%超"," に達する見通し。",[16,94,95],{},"FY27 で $32bn のバイバックを織り込んでも、潜在FCFの25%にすぎない","。",[67,98,99,100,103,104,107],{},"バリュエーションは ",[16,101,102],{},"コアメモリを 3x P/B（従来 2.5x）、データセンター/AI を 31x P/E"," で評価する SOTP で目標株価 ",[16,105,106],{},"$1,550"," に引き上げ。",[67,109,110,111,114,115,118],{},"BofAは ",[16,112,113],{},"歴史的なP/E 8〜10倍は過小評価"," であり、",[16,116,117],{},"構造的に 12〜15倍"," へ再評価されると主張。",[56,120,122],{"id":121},"_1-主要数値の変更key-changes","1. 主要数値の変更（Key Changes）",[124,125,126,145],"table",{},[127,128,129],"thead",{},[130,131,132,136,139,142],"tr",{},[133,134,135],"th",{},"指標",[133,137,138],{},"旧予想",[133,140,141],{},"新予想",[133,143,144],{},"変化",[146,147,148,163,177,191,205,219,233,247],"tbody",{},[130,149,150,154,157,160],{},[151,152,153],"td",{},"目標株価 (PO)",[151,155,156],{},"$1,500.00",[151,158,159],{},"$1,550.00",[151,161,162],{},"+3.3%",[130,164,165,168,171,174],{},[151,166,167],{},"2026E 売上 (mn)",[151,169,170],{},"174,249.4",[151,172,173],{},"178,338.9",[151,175,176],{},"+2.3%",[130,178,179,182,185,188],{},[151,180,181],{},"2027E 売上 (mn)",[151,183,184],{},"220,742.9",[151,186,187],{},"230,346.5",[151,189,190],{},"+4.3%",[130,192,193,196,199,202],{},[151,194,195],{},"2028E 売上 (mn)",[151,197,198],{},"226,809.0",[151,200,201],{},"244,106.7",[151,203,204],{},"+7.6%",[130,206,207,210,213,216],{},[151,208,209],{},"2026E EPS",[151,211,212],{},"69.73",[151,214,215],{},"73.13",[151,217,218],{},"+4.9%",[130,220,221,224,227,230],{},[151,222,223],{},"2027E EPS",[151,225,226],{},"136.99",[151,228,229],{},"140.24",[151,231,232],{},"+2.4%",[130,234,235,238,241,244],{},[151,236,237],{},"2028E EPS",[151,239,240],{},"136.60",[151,242,243],{},"145.45",[151,245,246],{},"+6.5%",[130,248,249,252,255,258],{},[151,250,251],{},"2026E DPS",[151,253,254],{},"0.46",[151,256,257],{},"0.53",[151,259,260],{},"+15.2%",[13,262,263,264,96],{},"出典: BofA Global Research（2026-06-24）。",[16,265,266],{},"アウト年EPS を 4〜7% 上方修正",[268,269,270,275],"figure",{},[271,272],"img",{"src":273,"alt":274},"/images/bofa-micron-buy-1550-target-2026-06-24/figure-01.svg","目標株価1550ドルへの引き上げ 現在価格から+47.8%のアップサイド",[276,277,278],"figcaption",{},"図1: 目標株価 $1,550 は現在価格から +47.8% のアップサイド。旧 PO $1,500 (+43.1%) からのさらなる引き上げ。",[56,280,282],{"id":281},"_2-強気の核心-stronger-for-longer-pricingより長く強い価格","2. 強気の核心 — \"Stronger for longer pricing\"（より長く強い価格）",[13,284,285,286,289],{},"MU は再び強い四半期を提示し、",[16,287,288],{},"メモリのAI需要における役割と供給側の規律強化","という建設的な見方を裏付けた。BofA の主張を要素分解する。",[291,292,294],"h3",{"id":293},"_21-sca戦略的顧客契約が需要可視化を桁違いに改善","2.1 SCA（戦略的顧客契約）が需要可視化を桁違いに改善",[64,296,297,306,316,327,334],{},[67,298,299,302,303,96],{},[16,300,301],{},"SCA は16本に到達","（前四半期から増加）。Auto向けを除き、",[16,304,305],{},"CY26〜CY30 の5年契約",[67,307,308,311,312,315],{},[16,309,310],{},"rigid take-or-pay（量の確保）"," と ",[16,313,314],{},"価格 floor / ceiling（価格レンジの固定）"," が条項に含まれる。",[67,317,318,319,322,323,326],{},"実行完了後は ",[16,320,321],{},"会社売上の少なくとも半分"," を SCA がカバー。「",[16,324,325],{},"前例のない需要可視性","」を提供する。",[67,328,329,330,333],{},"短期的な価格アップサイドは多少抑制される可能性があるが、",[16,331,332],{},"ボラティリティ低下と長期可視性"," の効果が大きい。",[67,335,336,337,340],{},"顧客側も「",[16,338,339],{},"メモリ税（memory tax）","」（AI capex の約35%がメモリに流れる構造）に直面しており、SCA で量・価格を固める動機が強い。",[268,342,343,347],{},[271,344],{"src":345,"alt":346},"/images/bofa-micron-buy-1550-target-2026-06-24/figure-04.svg","戦略的顧客契約SCAが売上の半分以上をカバー 16本の長期契約",[276,348,349],{},"図2: 16本の SCA が実行完了後に会社売上の半分以上をカバー。take-or-pay と価格floor/ceiling で量・価格レンジを固定。",[291,351,353],{"id":352},"_22-aiメモリのビット成長は継続","2.2 AIメモリのビット成長は継続",[64,355,356,361],{},[67,357,358,96],{},[16,359,360],{},"AI DRAM / NAND のビット出荷は CY26 時点で CY24 比 2倍超",[67,362,363,311,366,369],{},[16,364,365],{},"エージェント型AI（agentic AI）",[16,367,368],{},"コンテクストメモリ・ストレージ"," の拡大が今後の成長を支える。",[291,371,373],{"id":372},"_23-fcfマージン-50-60超で資本還元余地が拡大","2.3 FCFマージン 50-60%超で資本還元余地が拡大",[64,375,376,382,391,394],{},[67,377,378,379,96],{},"FCFマージンが 50〜60%超に近づくと、",[16,380,381],{},"FCFの絶対額が急増",[67,383,384,387,388,96],{},[16,385,386],{},"FY27 で $32bn のバイバック"," を仮定しても、",[16,389,390],{},"潜在FCFの25%にすぎない",[67,392,393],{},"残り75%は、追加バイバック・配当・成長投資の余地として残る。",[67,395,396,399,400,403],{},[16,397,398],{},"CHIPS Act 1周年（2026年12月）以降","、資本還元が",[16,401,402],{},"大幅にステップアップ","する見通し。",[56,405,407],{"id":406},"_3-業績予想コンセンサス比較","3. 業績予想・コンセンサス比較",[291,409,411],{"id":410},"_31-eps-予想bofa-vs-コンセンサス","3.1 EPS 予想（BofA vs コンセンサス）",[124,413,414,436],{},[127,415,416],{},[130,417,418,421,424,427,430,433],{},[133,419,420],{},"(US$)",[133,422,423],{},"2024A",[133,425,426],{},"2025A",[133,428,429],{},"2026E",[133,431,432],{},"2027E",[133,434,435],{},"2028E",[146,437,438,463,483,503,522,540],{},[130,439,440,445,448,451,455,459],{},[151,441,442],{},[16,443,444],{},"EPS（BofA予想）",[151,446,447],{},"1.31",[151,449,450],{},"8.29",[151,452,453],{},[16,454,215],{},[151,456,457],{},[16,458,229],{},[151,460,461],{},[16,462,243],{},[130,464,465,468,471,474,477,480],{},[151,466,467],{},"GAAP EPS",[151,469,470],{},"0.70",[151,472,473],{},"7.59",[151,475,476],{},"72.36",[151,478,479],{},"138.38",[151,481,482],{},"135.88",[130,484,485,488,491,494,497,500],{},[151,486,487],{},"EPS変化率（YoY）",[151,489,490],{},"NM",[151,492,493],{},"+532.8%",[151,495,496],{},"+782.1%",[151,498,499],{},"+91.8%",[151,501,502],{},"+3.7%",[130,504,505,508,511,513,516,519],{},[151,506,507],{},"コンセンサスEPS（Bloomberg）",[151,509,510],{},"—",[151,512,510],{},[151,514,515],{},"62.08",[151,517,518],{},"120.61",[151,520,521],{},"126.91",[130,523,524,527,529,531,534,537],{},[151,525,526],{},"コンセンサスEPS（Visible Alpha）",[151,528,510],{},[151,530,510],{},[151,532,533],{},"61.81",[151,535,536],{},"123.20",[151,538,539],{},"131.77",[130,541,542,545,547,549,551,554],{},[151,543,544],{},"DPS（一株配当）",[151,546,254],{},[151,548,254],{},[151,550,257],{},[151,552,553],{},"0.66",[151,555,556],{},"0.79",[13,558,559,560,563],{},"BofA は ",[16,561,562],{},"2027E EPS でコンセンサスを約 +16% 上回り","、2028E でも +10% 上回る予想を提示。",[268,565,566,570],{},[271,567],{"src":568,"alt":569},"/images/bofa-micron-buy-1550-target-2026-06-24/figure-02.svg","EPS推移 2024A-2028E BofA予想はコンセンサスを大幅に上回る",[276,571,572],{},"図3: BofA 予想 EPS は 2026E〜2028E のすべてでコンセンサス（Bloomberg / Visible Alpha）を大幅に上回る。2027E は $140.24（コンセンサス比 +16%）。",[291,574,576],{"id":575},"_32-バリュエーション指標推移","3.2 バリュエーション指標推移",[124,578,579,596],{},[127,580,581],{},[130,582,583,586,588,590,592,594],{},[133,584,585],{},"(Aug 期)",[133,587,423],{},[133,589,426],{},[133,591,429],{},[133,593,432],{},[133,595,435],{},[146,597,598,624,644,661,681],{},[130,599,600,603,606,609,614,619],{},[151,601,602],{},"P/E",[151,604,605],{},"800.4x",[151,607,608],{},"126.5x",[151,610,611],{},[16,612,613],{},"14.3x",[151,615,616],{},[16,617,618],{},"7.5x",[151,620,621],{},[16,622,623],{},"7.2x",[130,625,626,629,632,635,638,641],{},[151,627,628],{},"GAAP P/E",[151,630,631],{},"1,497.9x",[151,633,634],{},"138.1x",[151,636,637],{},"14.5x",[151,639,640],{},"7.6x",[151,642,643],{},"7.7x",[130,645,646,649,652,654,657,659],{},[151,647,648],{},"配当利回り",[151,650,651],{},"0%",[151,653,651],{},[151,655,656],{},"0.1%",[151,658,656],{},[151,660,656],{},[130,662,663,666,669,672,675,678],{},[151,664,665],{},"EV / EBITDA",[151,667,668],{},"118.0x",[151,670,671],{},"105.7x",[151,673,674],{},"11.5x",[151,676,677],{},"6.1x",[151,679,680],{},"6.0x",[130,682,683,688,690,692,697,702],{},[151,684,685],{},[16,686,687],{},"フリーキャッシュフロー利回り",[151,689,651],{},[151,691,656],{},[151,693,694],{},[16,695,696],{},"4.4%",[151,698,699],{},[16,700,701],{},"10.9%",[151,703,704],{},[16,705,706],{},"10.6%",[13,708,709,710,713],{},"注: P/E は現在株価 $1,048.51 基準。",[16,711,712],{},"2027E / 2028E の P/E は 7.5x / 7.2x"," と、歴史的レンジ（8〜10倍）よりさらに低い水準で取引されている。",[56,715,717],{"id":716},"_4-pe再評価のシナリオ-810倍-1215倍","4. P/E再評価のシナリオ — 8〜10倍 → 12〜15倍",[13,719,720,721,724,725,728],{},"BofAの中核的主張：MUは ",[16,722,723],{},"歴史的なシクリカル・メモリ企業の P/E 8〜10倍"," ではなく、",[16,726,727],{},"SCAとAI需要に裏打ちされた構造的需要を反映して 12〜15倍"," で評価されるべき。",[124,730,731,744],{},[127,732,733],{},[130,734,735,738,741],{},[133,736,737],{},"区分",[133,739,740],{},"P/E倍率",[133,742,743],{},"含意",[146,745,746,757],{},[130,747,748,751,754],{},[151,749,750],{},"歴史的（シクリカルメモリ）",[151,752,753],{},"8〜10x",[151,755,756],{},"需要のサイクル変動が大きく、可視性が低い",[130,758,759,764,769],{},[151,760,761],{},[16,762,763],{},"構造的（AIメモリ）",[151,765,766],{},[16,767,768],{},"12〜15x",[151,770,771],{},"SCAで需要・価格レンジを長期固定、FCFマージン50%超",[268,773,774,778],{},[271,775],{"src":776,"alt":777},"/images/bofa-micron-buy-1550-target-2026-06-24/figure-03.svg","P/E倍率の構造的再評価 歴史的8-10倍から12-15倍へ",[276,779,780],{},"図4: SCAによる需要可視化とFCFマージン50〜60%超で、メモリ事業のシクリカル性が後退。BofAは構造的に 12〜15倍 への再評価を主張。",[291,782,784],{"id":783},"_41-目標株価-1550-の組み立てsotp","4.1 目標株価 $1,550 の組み立て（SOTP）",[124,786,787,803],{},[127,788,789],{},[130,790,791,794,797,800],{},[133,792,793],{},"事業",[133,795,796],{},"評価倍率",[133,798,799],{},"旧",[133,801,802],{},"新",[146,804,805,821],{},[130,806,807,810,813,816],{},[151,808,809],{},"コア・メモリ",[151,811,812],{},"P/B",[151,814,815],{},"2.5x",[151,817,818],{},[16,819,820],{},"3.0x",[130,822,823,826,828,831],{},[151,824,825],{},"データセンター / AI",[151,827,602],{},[151,829,830],{},"31x",[151,832,833],{},"31x（据え置き）",[13,835,836,42,839,842,843,846],{},[16,837,838],{},"目標株価",[44,840,49],{"className":841},[47,48],"1,500から ",[16,844,845],{},"+$50"," の引き上げ）。",[56,848,850],{"id":849},"_5-リスク-memory-tax-の重さと利益率ピークアウト","5. リスク — \"Memory tax\" の重さと利益率ピークアウト",[13,852,853],{},"BofAは強気を保ちつつ、以下のリスクを提示。",[124,855,856,866],{},[127,857,858],{},[130,859,860,863],{},[133,861,862],{},"リスク",[133,864,865],{},"内容",[146,867,868,878],{},[130,869,870,875],{},[151,871,872],{},[16,873,874],{},"メモリ\"税\"の頭風（headwind）",[151,876,877],{},"高水準のメモリ価格がデータセンター顧客の capex 成長を抑制し、価格感応度が高いモバイル・自動車などの需要破壊を招く可能性",[130,879,880,885],{},[151,881,882],{},[16,883,884],{},"マージンのピークアウト",[151,886,887,888,891],{},"SCA が粗利益率を過去のシクリカル・ピーク（60%+）を大きく超える水準で支える一方、ASP上昇の鈍化と新設備・技術移行に伴うビットコスト上昇により、",[16,889,890],{},"粗利益率は high-80%台でピーク"," を打ち、その後ノーマライゼーションが起こる可能性",[13,893,894,895,898,899,902],{},"つまり、",[16,896,897],{},"当面は粗利益率がさらに数四半期上昇","するが、",[16,900,901],{},"high-80%台で頭打ち"," になり、その後は穏やかな低下を見込む。",[56,904,906],{"id":905},"_6-株式データ","6. 株式データ",[124,908,909,919],{},[127,910,911],{},[130,912,913,916],{},[133,914,915],{},"項目",[133,917,918],{},"値",[146,920,921,929,936,944,952,964,972,980,988,996,1004,1012],{},[130,922,923,926],{},[151,924,925],{},"株価（Price）",[151,927,928],{},"$1,048.51",[130,930,931,934],{},[151,932,933],{},"目標株価（Price Objective）",[151,935,159],{},[130,937,938,941],{},[151,939,940],{},"目標株価設定日",[151,942,943],{},"2026-06-24",[130,945,946,949],{},[151,947,948],{},"投資レーティング",[151,950,951],{},"C-1-7（Buy / Volatility:C / Income:7）",[130,953,954,957],{},[151,955,956],{},"52週レンジ",[151,958,959,963],{},[44,960,962],{"className":961},[47,48],"103.38 〜 ","1,213.56",[130,965,966,969],{},[151,967,968],{},"時価総額 / 発行済株式数",[151,970,971],{},"$1,182,440mn / 1,127.7mn株",[130,973,974,977],{},[151,975,976],{},"浮動株比率（Free Float）",[151,978,979],{},"99.7%",[130,981,982,985],{},[151,983,984],{},"平均出来高（金額）",[151,986,987],{},"$8,135.38mn / 日",[130,989,990,993],{},[151,991,992],{},"BofA Ticker / 取引所",[151,994,995],{},"MU / NAS",[130,997,998,1001],{},[151,999,1000],{},"Bloomberg / Reuters",[151,1002,1003],{},"MU US / MU.OQ",[130,1005,1006,1009],{},[151,1007,1008],{},"ROE（2026E）",[151,1010,1011],{},"87.5%",[130,1013,1014,1017],{},[151,1015,1016],{},"Net Debt / Equity（Avg-2025A）",[151,1018,1019],{},"9.1%",[56,1021,1023],{"id":1022},"_7-アナリスト連絡先","7. アナリスト連絡先",[64,1025,1026,1039,1051,1062],{},[67,1027,1028,1031,1032,1036],{},[16,1029,1030],{},"Vivek Arya"," — Research Analyst, BofAS / +1 646 855 1755 / ",[1033,1034],"a",{"href":1035},"mailto:vivek.arya@bofa.com",[1033,1037,1038],{"href":1035},"vivek.arya@bofa.com",[67,1040,1041,1044,1045,1048],{},[16,1042,1043],{},"Duksan Jang"," — Research Analyst, BofAS / ",[1033,1046],{"href":1047},"mailto:duksan.jang@bofa.com",[1033,1049,1050],{"href":1047},"duksan.jang@bofa.com",[67,1052,1053,1044,1056,1059],{},[16,1054,1055],{},"Michael Mani",[1033,1057],{"href":1058},"mailto:michael.mani@bofa.com",[1033,1060,1061],{"href":1058},"michael.mani@bofa.com",[67,1063,1064,1044,1067,1070],{},[16,1065,1066],{},"Liam Pharr",[1033,1068],{"href":1069},"mailto:liam.pharr@bofa.com",[1033,1071,1072],{"href":1069},"liam.pharr@bofa.com",[56,1074,1076],{"id":1075},"_8-ディスクレーマー原文の要旨","8. ディスクレーマー（原文の要旨）",[13,1078,1079,1080,1083],{},"BofA Securities はカバー先発行体とビジネスを行い、また行うことを目指している。よって投資家は、本レポートの客観性に影響を与え得る利益相反が同社にある可能性を認識すべきである。本レポートは投資判断における",[16,1081,1082],{},"一つの要素","にすぎない。重要な開示は原文 p.13-15、Analyst Certification は p.11、Price Objective Basis / Risk は p.11 を参照。",[1085,1086],"hr",{},[13,1088,1089,1092],{},[16,1090,1091],{},"翻訳メモ",": 本記事はBofA Securities のリサーチノート（原題: \"Another memorable beat, SCA durability, FCF optionality\"、Equity、24 June 2026、Timestamp: 24 June 2026 11:20PM EDT、文書番号: 12986829）の主要内容を翻訳・要約したものであり、原文の権利は BofA Global Research に帰属する。投資判断は読者自身の責任で行うこと。",{"title":1094,"searchDepth":1095,"depth":1095,"links":1096},"",2,[1097,1098,1099,1105,1109,1112,1113,1114,1115],{"id":58,"depth":1095,"text":59},{"id":121,"depth":1095,"text":122},{"id":281,"depth":1095,"text":282,"children":1100},[1101,1103,1104],{"id":293,"depth":1102,"text":294},3,{"id":352,"depth":1102,"text":353},{"id":372,"depth":1102,"text":373},{"id":406,"depth":1095,"text":407,"children":1106},[1107,1108],{"id":410,"depth":1102,"text":411},{"id":575,"depth":1102,"text":576},{"id":716,"depth":1095,"text":717,"children":1110},[1111],{"id":783,"depth":1102,"text":784},{"id":849,"depth":1095,"text":850},{"id":905,"depth":1095,"text":906},{"id":1022,"depth":1095,"text":1023},{"id":1075,"depth":1095,"text":1076},null,"BofA Securities が2026年6月24日に発表したMicron Technology (MU) レポートの翻訳と要点。Buyレーティングを再表明、目標株価を$1,500から$1,550に引き上げ。SCA（戦略的顧客契約）16本、AI DRAM/NANDのビット数CY26比CY24 2倍超、FCFマージン50-60%超への到達、構造的P/E 12-15x再評価のシナリオを整理。","md",{},true,"/bofa-micron-buy-1550-target-2026-06-24",false,"2026-06-27T00:00:00.000Z",{"title":5,"description":1117},"2026-06/2026-06-27/bofa-micron-buy-1550-target-2026-06-24",[1127,1128,1129,1130,1131,1132,1133,1134,1135],"Micron","MU","BofA","半導体","DRAM","HBM","AI","アナリストレポート","翻訳","ziXpdtW9vafQoe7e9igavuYNEsBX-hWJUrSCObDXTxw",[],"https://log.eurekapu.com/og/blog/bofa-micron-buy-1550-target-2026-06-24.png?v=2026-06-27T00%3A00%3A00.000Z&title=BofA%3A%20Micron%20%E7%9B%AE%E6%A8%99%E6%A0%AA%E4%BE%A1%20%241%2C550%20%E3%81%AB%E5%BC%95%E3%81%8D%E4%B8%8A%E3%81%92%20%E2%80%94%20SCA%2016%E6%9C%AC%EF%BC%8FFCF%E6%9C%80%E9%81%A9%E5%8C%96%EF%BC%8F%E6%A7%8B%E9%80%A0%E7%9A%84P%2FE%E5%86%8D%E8%A9%95%E4%BE%A1&author=Kei%20Komatsu&sig=b6bafb6ad9fe9591",1782528861171]