diff --git a/src/__mocks__/fixtures/v3/quarter.js b/src/__mocks__/fixtures/v3/quarter.js
index 2ea4359..0f3cf09 100644
--- a/src/__mocks__/fixtures/v3/quarter.js
+++ b/src/__mocks__/fixtures/v3/quarter.js
@@ -182,7 +182,7 @@ module.exports = {
     employee_num: null,
     net_sales_per_employee: null,
     operating_income_per_employee: null,
-    segment_member: null,
+    segment_member: {"segments":[],"periods":[],"values":[]},
     increase_in_properties: 346000000,
     r_and_d_expenses: 35000000,
     defined_benefit_asset: null,
diff --git a/src/custom-functions/v3/bcode-result.test.ts b/src/custom-functions/v3/bcode-result.test.ts
index 08bb2ac..1a62991 100644
--- a/src/custom-functions/v3/bcode-result.test.ts
+++ b/src/custom-functions/v3/bcode-result.test.ts
@@ -50,3 +50,21 @@ test('format (null)', () => {
   expect(new BcodeResult('net_sales', null, '円').format(true, false)).toBe('')
   expect(new BcodeResult('net_sales', null, '円').format(true, true)).toBe('')
 })
+
+test('format (object)', () => {
+  const segmentMember = {
+    segments: [],
+    periods: [],
+    values: []
+  }
+  const result = new BcodeResult('segment_member', segmentMember, 'なし')
+
+  expect(result.format(false, false)).toEqual(JSON.stringify(segmentMember))
+  expect(result.format(true, false)).toEqual(JSON.stringify(segmentMember))
+  expect(result.format(false, true)).toEqual(
+    JSON.stringify(segmentMember) + 'なし'
+  )
+  expect(result.format(true, true)).toEqual(
+    JSON.stringify(segmentMember) + 'なし'
+  )
+})
diff --git a/src/custom-functions/v3/bcode-result.ts b/src/custom-functions/v3/bcode-result.ts
index a11a892..a958cf7 100644
--- a/src/custom-functions/v3/bcode-result.ts
+++ b/src/custom-functions/v3/bcode-result.ts
@@ -4,7 +4,7 @@ import { Formatter } from '~/services/formatter'
 export class BcodeResult {
   constructor(
     public name: string,
-    public value: number | string | null,
+    public value: number | string | object | null,
     public unit: string
   ) {}
 
@@ -29,6 +29,10 @@ export class BcodeResult {
       }
     }
 
+    if (typeof value === 'object') {
+      value = JSON.stringify(value)
+    }
+
     if (isWithUnits) {
       if (typeof value == 'number') {
         return Formatter.commaStyled(value) + unit
diff --git a/src/services/csv-exporter.test.ts b/src/services/csv-exporter.test.ts
index 908a8dd..2f26731 100644
--- a/src/services/csv-exporter.test.ts
+++ b/src/services/csv-exporter.test.ts
@@ -21,6 +21,7 @@ const columnDescription = quarter['column_description']
 const propertyNames = Object.keys(columnDescription)
 const fiscalYearIndex = propertyNames.indexOf('fiscal_year')
 const fiscalQuarterIndex = propertyNames.indexOf('fiscal_quarter')
+const segmentMemberIndex = propertyNames.indexOf('segment_member')
 
 describe('generateData', () => {
   test('uncached', () => {
@@ -47,6 +48,12 @@ describe('generateData', () => {
       'なし',
       1.0
     ])
+    expect(data[segmentMemberIndex + 1]).toEqual([
+      'segment_member',
+      'セグメント情報',
+      'なし',
+      JSON.stringify(quarter['data']['segment_member'])
+    ])
     expect(
       QuarterCache.getData(ticker, new YearQuarter(2018, 1))['net_sales']
     ).toBe(12513000000.0)
@@ -78,6 +85,12 @@ describe('generateData', () => {
       'なし',
       1.0
     ])
+    expect(data[segmentMemberIndex + 1]).toEqual([
+      'segment_member',
+      'セグメント情報',
+      'なし',
+      JSON.stringify(quarter['data']['segment_member'])
+    ])
     expect(
       QuarterCache.getData(ticker, new YearQuarter(2018, 1))['net_sales']
     ).toBe(12513000000.0)
diff --git a/src/services/csv-exporter.ts b/src/services/csv-exporter.ts
index 9b6d13d..b5d34c0 100644
--- a/src/services/csv-exporter.ts
+++ b/src/services/csv-exporter.ts
@@ -11,6 +11,16 @@ export class CsvExporter {
     //
   }
 
+  static format(
+    value: number | string | object | null
+  ): number | string | null {
+    if (typeof value == 'object') {
+      value = JSON.stringify(value)
+    }
+
+    return value
+  }
+
   static generateData(
     ticker,
     from: string,
@@ -81,7 +91,9 @@ export class CsvExporter {
     )
     const header = [['キー', '項目名', '単位', ...quarterLabels]]
     const values = quarter.propertyNames().map(name => {
-      const data = sortedQuarters.map(quarter => quarter.data[name])
+      const data = sortedQuarters.map(quarter =>
+        this.format(quarter.data[name])
+      )
       return [name, quarter.labelOf(name), quarter.unitOf(name), ...data]
     })