{"id":1223,"date":"2026-07-02T11:53:09","date_gmt":"2026-07-02T02:53:09","guid":{"rendered":"https:\/\/mitsukijapan.com\/ma\/?post_type=columm&p=1223"},"modified":"2026-07-02T19:43:44","modified_gmt":"2026-07-02T10:43:44","slug":"acquisition","status":"publish","type":"column","link":"https:\/\/mitsukijapan.com\/ma\/column\/acquisition\/","title":{"rendered":"\u4f01\u696d\u8cb7\u53ce\u3068\u306f\uff5c\u8cb7\u3044\u624b\u306e\u72d9\u3044\u304b\u3089\u8003\u3048\u308b\u4f1a\u793e\u58f2\u5374\u306e\u5224\u65ad\u6750\u6599\u3068\u624b\u6cd5"},"content":{"rendered":"\n

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\"\"<\/a><\/figure>\n<\/div>\n\n\n\n
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\"\"<\/a><\/figure>\n<\/div>\n<\/div>\n\n\n
\n\t\t
\u76ee\u6b21<\/div>\n\t\t
  1. \u4f01\u696d\u8cb7\u53ce\u3068\u306f\u4f55\u304b\uff5c\u8b72\u308a\u6e21\u3059\u5074\u304c\u6700\u521d\u306b\u62bc\u3055\u3048\u308b\u57fa\u672c<\/a>
    1. \u4f01\u696d\u8cb7\u53ce\u306e\u5b9a\u7fa9\u3068M&A\u306e\u4e2d\u3067\u306e\u4f4d\u7f6e\u3065\u3051<\/a><\/li>
    2. \u652f\u914d\u6a29\u306f\u8b70\u6c7a\u6a29\u306e\u5272\u5408\u3067\u6c7a\u307e\u308b<\/a><\/li><\/ol><\/li>
    3. \u4f01\u696d\u8cb7\u53ce\u306e\u682a\u4e3b\u6a29\uff08\u8b70\u6c7a\u6a29\uff09<\/a><\/li>
    4. \u8cb7\u3044\u624b\u304c\u4f01\u696d\u8cb7\u53ce\u306b\u8e0f\u307f\u5207\u308b\u76ee\u7684<\/a>
      1. \u6642\u9593\u3092\u8cb7\u3044\u3001\u7d4c\u55b6\u8cc7\u6e90\u3092\u4e38\u3054\u3068\u53d6\u308a\u8fbc\u3080<\/a><\/li>
      2. \u4e8b\u696d\u62e1\u5927\u30fb\u591a\u89d2\u5316\u30fb\u65b0\u898f\u53c2\u5165<\/a><\/li>
      3. \u7a0e\u52d9\u4e0a\u306e\u52b9\u679c\u306f\u300c\u304a\u307e\u3051\u300d\u306b\u3059\u304e\u306a\u3044<\/a><\/li><\/ol><\/li>
      4. \u4f01\u696d\u8cb7\u53ce\u306e\u4e3b\u306a\u7a2e\u985e\u3068\u624b\u6cd5<\/a>
        1. \u682a\u5f0f\u53d6\u5f97\uff08\u682a\u5f0f\u8b72\u6e21\u30fbTOB\uff09<\/a><\/li>
        2. \u4e8b\u696d\u8b72\u6e21\u30fb\u4f1a\u793e\u5206\u5272<\/a><\/li>
        3. \u305d\u306e\u4ed6\u306e\u624b\u6cd5\uff08\u7b2c\u4e09\u8005\u5272\u5f53\u5897\u8cc7\u30fb\u682a\u5f0f\u4ea4\u4ed8\uff09<\/a><\/li>
        4. \u53cb\u597d\u7684\u8cb7\u53ce\u3068\u6575\u5bfe\u7684\u8cb7\u53ce<\/a><\/li>
        5. \u6d77\u5916\u4f01\u696d\u304c\u95a2\u308f\u308b\u30af\u30ed\u30b9\u30dc\u30fc\u30c0\u30fc<\/a><\/li><\/ol><\/li>
        6. \u4f01\u696d\u8cb7\u53ce\u306e\u6d41\u308c<\/a>
          1. \u76ee\u7684\u306e\u660e\u78ba\u5316\u3068\u76f8\u624b\u63a2\u3057<\/a><\/li>
          2. \u30c8\u30c3\u30d7\u9762\u8ac7\u3068\u57fa\u672c\u5408\u610f<\/a><\/li>
          3. \u30c7\u30e5\u30fc\u30c7\u30ea\u30b8\u30a7\u30f3\u30b9\u3068\u4f01\u696d\u4fa1\u5024\u8a55\u4fa1<\/a><\/li>
          4. \u6700\u7d42\u5951\u7d04\u3068\u30af\u30ed\u30fc\u30b8\u30f3\u30b0<\/a><\/li><\/ol><\/li>
          5. \u4f01\u696d\u8cb7\u53ce\u306e\u30e1\u30ea\u30c3\u30c8\u3068\u6ce8\u610f\u70b9<\/a>
            1. \u8b72\u308a\u6e21\u3059\u5074\u304c\u5f97\u3089\u308c\u308b\u3082\u306e<\/a><\/li>
            2. \u8b72\u308a\u53d7\u3051\u308b\u5074\u306e\u30ea\u30b9\u30af\u304c\u58f2\u308a\u624b\u306b\u8df3\u306d\u8fd4\u308b<\/a><\/li>
            3. \u682a\u4fa1\u30fb\u8b72\u6e21\u4fa1\u683c\u306f\u3069\u3046\u6c7a\u307e\u308b\u304b<\/a><\/li><\/ol><\/li>
            4. \u4f1a\u793e\u58f2\u5374\u3067\u682a\u5f0f\u3092\u8b72\u6e21\u3057\u305f\u3068\u304d\u306e\u7a0e\u91d1<\/a><\/li>
            5. \u73fe\u5834\u3067\u898b\u308b\u4f01\u696d\u8cb7\u53ce\u306e\u5224\u65ad\u30dd\u30a4\u30f3\u30c8<\/a>
              1. \u58f2\u5374\u524d\u306b\u6574\u3048\u3066\u304a\u304d\u305f\u3044\u30c1\u30a7\u30c3\u30af\u30ea\u30b9\u30c8<\/a><\/li>
              2. \u6e96\u5099\u306e\u6709\u7121\u3067\u7d50\u679c\u304c\u5206\u304b\u308c\u305f\u4e8b\u4f8b<\/a><\/li>
              3. \u6226\u7565\u7684\u306b\u76f8\u624b\u3092\u63a2\u3059\u3068\u3044\u3046\u9078\u629e\u80a2<\/a><\/li><\/ol><\/li>
              4. \u4f01\u696d\u8cb7\u53ce\u306b\u95a2\u3059\u308bFAQ<\/a><\/li>
              5. \u4f01\u696d\u8cb7\u53ce\u306e\u7406\u89e3\u304c\u4f1a\u793e\u58f2\u5374\u306e\u7b2c\u4e00\u6b69<\/a><\/li><\/ol><\/li><\/ol>\n\t<\/div>\n\n\n

                \u300c\u3046\u3061\u306e\u4f1a\u793e\u3067\u3082\u58f2\u5374\u3067\u304d\u308b\u3060\u308d\u3046\u304b\u2026\u300d\u3001\u300c\u4f55\u304b\u3089\u59cb\u3081\u308c\u3070\u3044\u3044\u3093\u3060\u308d\u3046\u2026\u300d\u3002\u305d\u306e\u3088\u3046\u306a\u30aa\u30fc\u30ca\u30fc\u7d4c\u55b6\u8005\u306e\u4e0d\u5b89\u306b\u3001\u4e2d\u5c0f\u4f01\u696d\u5411\u3051M&A\u4ef2\u4ecb\u4f1a\u793e\u307f\u3064\u304d\u30b3\u30f3\u30b5\u30eb\u30c6\u30a3\u30f3\u30b0\u306f\u300120\u5e74\u9593\u30fb500\u4ef6\u4ee5\u4e0a\u306e\u652f\u63f4\u5b9f\u7e3e\u306b\u57fa\u3065\u304d\u3001\u304a\u5fdc\u3048\u3057\u307e\u3059\u3002\u672c\u683c\u691c\u8a0e\u524d\u306e\u60c5\u5831\u53ce\u96c6\u3068\u3057\u3066\u3001\u307e\u305a\u306f\u304a\u8a71\u3092\u304a\u805e\u304b\u305b\u304f\u3060\u3055\u3044\u3002<\/p>\n\n\n\n

                \uff1e \u307f\u3064\u304d\u30b3\u30f3\u30b5\u30eb\u30c6\u30a3\u30f3\u30b0\u306b\u7121\u6599\u76f8\u8ac7\u3059\u308b\uff5c\u7a0e\u7406\u58eb\u6cd5\u4eba\u30b0\u30eb\u30fc\u30d7<\/a><\/p>\n\n\n\n

                \u4f01\u696d\u8cb7\u53ce\u3068\u306f\u4f55\u304b\uff5c\u8b72\u308a\u6e21\u3059\u5074\u304c\u6700\u521d\u306b\u62bc\u3055\u3048\u308b\u57fa\u672c<\/h2>\n\n\n\n

                \u300c\u3046\u3061\u306e\u4f1a\u793e\u3092\u8cb7\u3044\u305f\u3044\u3068\u3044\u3046\u8a71\u304c\u6765\u305f\u300d\u3002\u3053\u306e\u4e00\u8a00\u304b\u3089\u52d5\u304d\u51fa\u3059\u76f8\u8ac7\u304c\u3001\u5b9f\u306f\u5c11\u306a\u304f\u3042\u308a\u307e\u305b\u3093\u3002\u4f01\u696d\u8cb7\u53ce\u3068\u805e\u304f\u3068\u5927\u4f01\u696d\u540c\u58eb\u306e\u8a71\u306b\u601d\u3048\u307e\u3059\u304c\u3001\u5f8c\u7d99\u8005\u4e0d\u5728\u306b\u60a9\u3080\u4e2d\u5c0f\u4f01\u696d\u306e\u30aa\u30fc\u30ca\u30fc\u306b\u3068\u3063\u3066\u306f\u3001\u4f1a\u793e\u306e\u5c06\u6765\u3068\u81ea\u8eab\u306e\u5f15\u9000\u3092\u5de6\u53f3\u3059\u308b\u73fe\u5b9f\u7684\u306a\u9078\u629e\u80a2\u3067\u3059\u3002\u307e\u305a\u306f\u8a00\u8449\u306e\u610f\u5473\u304b\u3089\u6574\u7406\u3057\u307e\u3059\u3002<\/p>\n\n\n\n

                \u4f01\u696d\u8cb7\u53ce\u306e\u5b9a\u7fa9\u3068M&A\u306e\u4e2d\u3067\u306e\u4f4d\u7f6e\u3065\u3051<\/h3>\n\n\n\n

                \u4f01\u696d\u8cb7\u53ce\u3068\u306f\u3001\u3042\u308b\u4f1a\u793e\u304c\u5225\u306e\u4f1a\u793e\u306e\u7d4c\u55b6\u6a29\uff08\u652f\u914d\u6a29\uff09\u3092\u53d6\u5f97\u3059\u308b\u3053\u3068\u3092\u6307\u3057\u307e\u3059\u3002\u5408\u4f75\u3068\u4e26\u3076M&A\u306e\u4e00\u5f62\u614b\u3067\u3001\u8b72\u53d7\u4f01\u696d\u304c\u5bfe\u8c61\u4f1a\u793e\u306e\u682a\u5f0f\u3092\u53d6\u5f97\u3059\u308b\u3001\u3042\u308b\u3044\u306f\u4e8b\u696d\u305d\u306e\u3082\u306e\u3092\u8b72\u308a\u53d7\u3051\u308b\u5f62\u3067\u884c\u308f\u308c\u307e\u3059\u3002\u5236\u5ea6\u306e\u5168\u4f53\u50cf\u306fM&A\u306e\u57fa\u672c<\/a>\u3067\u62bc\u3055\u3048\u3066\u304a\u304f\u3068\u7406\u89e3\u304c\u9032\u307f\u307e\u3059\u3002<\/p>\n\n\n\n

                \u652f\u914d\u6a29\u306f\u8b70\u6c7a\u6a29\u306e\u5272\u5408\u3067\u6c7a\u307e\u308b<\/h3>\n\n\n\n

                \u7d4c\u55b6\u6a29\u3092\u63e1\u308b\u3068\u306f\u3001\u5b9f\u52d9\u7684\u306b\u306f\u767a\u884c\u6e08\u682a\u5f0f\uff08\u6b63\u78ba\u306b\u306f\u8b70\u6c7a\u6a29\uff09\u306e\u904e\u534a\u6570\u3092\u62bc\u3055\u3048\u308b\u3053\u3068\u3092\u610f\u5473\u3057\u307e\u3059\u3002\u8b72\u6e21\u30aa\u30fc\u30ca\u30fc\u306e\u7acb\u5834\u3067\u306f\u3001\u8cb7\u3044\u624b\u304c\u300c\u4f55\uff05\u3092\u6b32\u3057\u304c\u308b\u306e\u304b\u300d\u3092\u77e5\u3063\u3066\u304a\u304f\u3068\u4ea4\u6e09\u306e\u52d8\u6240\u304c\u3064\u304b\u3081\u307e\u3059\u3002\u4e0b\u8868\u306b\u4e3b\u306a\u7bc0\u76ee\u3092\u307e\u3068\u3081\u307e\u3057\u305f\u3002<\/p>\n\n\n\n

                \u8b70\u6c7a\u6a29\u306e\u5272\u5408<\/th>\u3067\u304d\u308b\u3053\u3068<\/th><\/tr><\/thead>
                100\uff05<\/strong><\/td>\u3059\u3079\u3066\u306e\u610f\u601d\u6c7a\u5b9a\u3092\u5358\u72ec\u3067\u884c\u3048\u308b\u3002\u5c11\u6570\u682a\u4e3b\u304c\u6b8b\u3089\u306a\u3044\u5b8c\u5168\u306a\u652f\u914d<\/td><\/tr>
                3\u5206\u306e2\uff08\u7d0466.7\uff05\uff09\u4ee5\u4e0a<\/strong><\/td>\u7279\u5225\u6c7a\u8b70\u3092\u5358\u72ec\u53ef\u6c7a\u3002\u5b9a\u6b3e\u5909\u66f4\u3001\u5408\u4f75\u3001\u4f1a\u793e\u5206\u5272\u3001\u4e8b\u696d\u8b72\u6e21\u306a\u3069\u304c\u53ef\u80fd<\/td><\/tr>
                \u904e\u534a\u6570\uff0850\uff05\u8d85\uff09<\/strong><\/td>\u666e\u901a\u6c7a\u8b70\u3092\u53ef\u6c7a\u3002\u53d6\u7de0\u5f79\u306e\u9078\u4efb\u30fb\u89e3\u4efb\u3001\u5270\u4f59\u91d1\u306e\u914d\u5f53\u3092\u6c7a\u3081\u3089\u308c\u308b<\/td><\/tr>
                3\u5206\u306e1\uff08\u7d0433.4\uff05\uff09\u8d85<\/strong><\/td>\u7279\u5225\u6c7a\u8b70\u3092\u5358\u72ec\u3067\u963b\u6b62\u3067\u304d\u308b\u3002\u8cb7\u3044\u624b\u304c\u6700\u4f4e\u9650\u6c17\u306b\u3059\u308b\u9632\u885b\u30e9\u30a4\u30f3<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

                \u591a\u304f\u306e\u8cb7\u3044\u624b\u304c\u300c\u5168\u682a\u5f0f\u300d\u3092\u671b\u3080\u306e\u306f\u3001\u5c11\u6570\u682a\u4e3b\u304c\u6b8b\u308b\u3068\u5f8c\u306e\u610f\u601d\u6c7a\u5b9a\u304c\u6ede\u308b\u304b\u3089\u3067\u3059\u3002\u914d\u5076\u8005\u3084\u3054\u5b50\u606f\u306b\u682a\u304c\u5206\u6563\u3057\u3066\u3044\u308b\u5834\u5408\u306f\u3001\u58f2\u5374\u524d\u306b\u96c6\u7d04\u3057\u3066\u304a\u304f\u3068\u8a71\u304c\u65e9\u304f\u9032\u307f\u307e\u3059\u3002<\/p>\n\n\n\n

                \n
                \n

                \u4f01\u696d\u8cb7\u53ce\u306e\u682a\u4e3b\u6a29\uff08\u8b70\u6c7a\u6a29\uff09<\/h2>\n
                \n \n
                \u8b70\u6c7a\u6a29\u306e
                \u4fdd\u6709\u5272\u5408<\/div>\n
                \u682a\u4e3b\u7dcf\u4f1a\u3067\u306e
                \u6a29\u5229<\/div>\n
                \u682a\u4e3b\u6a29\u306e\u8a73\u7d30<\/div>\n\n \n
                100%<\/div>\n
                \u5168\u4f1a\u4e00\u81f4\u306b\u3088\u308b
                \u8b70\u6848\u306e\u53ef\u6c7a<\/div>\n
                \n
                  \n
                • \u4f1a\u793e\u306e\u7d4c\u55b6\u306b\u95a2\u3059\u308b\u5168\u3066\u306e\u610f\u601d\u6c7a\u5b9a<\/li>\n
                • \u5168\u682a\u5f0f\u306e\u5185\u5bb9\u5909\u66f4\uff08\u7a2e\u985e\u682a\u5f0f\u3078\u306e\u5909\u66f4\uff09<\/li>\n <\/ul>\n <\/div>\n\n \n
                  \u7dcf\u682a\u4e3b\u306e\u534a\u6570\u4ee5\u4e0a
                  \u304b\u3064
                  \u7dcf\u8b70\u6c7a\u6a29\u306e75%\u4ee5\u4e0a<\/span><\/div>\n
                  \u7279\u6b8a\u6c7a\u8b70\u306b\u3088\u308b
                  \u8b70\u6848\u306e\u53ef\u6c7a<\/div>\n
                  \n
                    \n
                  • \u7279\u5b9a\u306e\u682a\u4e3b\u306b\u7570\u306a\u308b\u6a29\u5229\u3092\u4e0e\u3048\u308b\u5b9a\u6b3e\u8a2d\u5b9a<\/li>\n <\/ul>\n <\/div>\n\n \n
                    66.7%
                    (2\/3)\u4ee5\u4e0a<\/span><\/div>\n
                    \u7279\u5225\u6c7a\u8b70\u306b\u3088\u308b
                    \u8b70\u6848\u306e\u53ef\u6c7a<\/div>\n
                    \n
                      \n
                    • \u5b9a\u6b3e\u306e\u5909\u66f4\u3001\u5408\u4f75\u30fb\u4f1a\u793e\u5206\u5272\u3001\u4e8b\u696d\u8b72\u6e21<\/li>\n
                    • \u81ea\u5df1\u682a\u5f0f\u306e\u5408\u610f\u306b\u3088\u308b\u53d6\u5f97<\/li>\n
                    • \u76e3\u67fb\u5f79\u306e\u89e3\u4efb \u2026etc<\/li>\n <\/ul>\n <\/div>\n\n \n
                      \n 50%\u8d85
                      (\u904e\u534a\u6570)<\/span>\n <\/div>\n
                      \u666e\u901a\u6c7a\u8b70\u306b\u3088\u308b
                      \u8b70\u6848\u306e\u53ef\u6c7a<\/div>\n
                      \n
                        \n
                      • \u53d6\u7de0\u5f79\u306e\u89e3\u4efb<\/li>\n
                      • \u5f79\u54e1\u306e\u9078\u4efb\u30fb\u5831\u916c\u6c7a\u5b9a\uff08\u53d6\u7de0\u5f79\u30fb\u76e3\u67fb\u5f79\uff09<\/li>\n
                      • \u5270\u4f59\u91d1\u306e\u914d\u5f53\u6c7a\u5b9a \u2026etc<\/li>\n <\/ul>\n <\/div>\n\n \n
                        33.4%\u4ee5\u4e0a<\/div>\n
                        \u7279\u5225\u6c7a\u8b70\u306e\u5426\u6c7a<\/div>\n
                        \n
                          \n
                        • \u7279\u5225\u6c7a\u8b70\uff08\u5b9a\u6b3e\u5909\u66f4\u306a\u3069\uff09\u3092\u963b\u6b62\u3067\u304d\u308b<\/li>\n <\/ul>\n <\/div>\n\n \n
                          25%\u8d85<\/div>\n
                          \u7279\u6b8a\u6c7a\u8b70\u306e\u5426\u6c7a<\/div>\n
                          \n
                            \n
                          • \u7279\u6b8a\u6c7a\u8b70\uff08\u5c5e\u4eba\u7684\u682a\u5f0f\u306e\u8a2d\u5b9a\u306a\u3069\uff09\u3092\u963b\u6b62\u3067\u304d\u308b<\/li>\n <\/ul>\n <\/div>\n\n \n
                            3%\u4ee5\u4e0a<\/div>\n
                            \u5c11\u6570\u682a\u4e3b\u6a29\u306e\u884c\u4f7f<\/div>\n
                            \n
                              \n
                            • \u5f79\u54e1\uff08\u53d6\u7de0\u5f79\u306a\u3069\uff09\u306e\u89e3\u4efb\u8acb\u6c42 \u2026etc<\/li>\n <\/ul>\n <\/div>\n <\/div>\n <\/div>\n<\/div>\n\n