{"id":1368,"date":"2025-11-09T16:53:23","date_gmt":"2025-11-09T07:53:23","guid":{"rendered":"https:\/\/mitsukijapan.com\/ma\/?post_type=columm&#038;p=1368"},"modified":"2025-11-09T16:53:24","modified_gmt":"2025-11-09T07:53:24","slug":"ma-ebitda-utilization-merit-method-calculation-ebit-difference","status":"publish","type":"column","link":"https:\/\/mitsukijapan.com\/ma\/column\/ma-ebitda-utilization-merit-method-calculation-ebit-difference\/","title":{"rendered":"EBITDA\u3068\u306f\uff1f\u610f\u5473\u30fb\u8aad\u307f\u65b9\u30fbM&amp;A\u3067\u306e\u8a08\u7b97\u30fb\u55b6\u696d\u5229\u76ca\u3068\u306e\u9055\u3044"},"content":{"rendered":"\n<p>EBITDA\u306f\u3001\u7c21\u6613\u7684\u306b\u306f\u511f\u5374\u524d\u55b6\u696d\u5229\u76ca\u3067\u3059\u3002\u4f01\u696d\u4fa1\u5024\u8a55\u4fa1\u7b49\u306b\u304a\u3051\u308b\u91cd\u8981\u6307\u6a19\u3068\u3057\u3066\u3001M&amp;A\u3084\u6295\u8cc7\u5224\u65ad\u306b\u6b20\u304b\u305b\u306a\u3044\u5f79\u5272\u3092\u679c\u305f\u3057\u307e\u3059\u3002\u672c\u8a18\u4e8b\u3067\u306f\u3001EBITDA\u306e\u57fa\u672c\u77e5\u8b58\u304b\u3089\u8a08\u7b97\u65b9\u6cd5\u3001\u6d3b\u7528\u4f8b\u307e\u3067\u8a73\u3057\u304f\u89e3\u8aac\u3057\u307e\u3059\u3002\u7d4c\u55b6\u8005\u306e\u7686\u69d8\u306b\u3068\u3063\u3066\u6709\u76ca\u306a\u60c5\u5831\u3068\u306a\u308b\u3067\u3057\u3087\u3046\u3002<\/p>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/mitsukijapan.com\/ma\/valuations\/\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" width=\"450\" height=\"250\" src=\"https:\/\/mitsukijapan.com\/ma\/wp-content\/uploads\/Frame-20-3.jpg\" alt=\"\" class=\"wp-image-4081\"\/><\/a><\/figure>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/mitsukijapan.com\/ma\/lp\/01\/\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" width=\"450\" height=\"250\" src=\"https:\/\/mitsukijapan.com\/ma\/wp-content\/uploads\/Frame-19-2.jpg\" alt=\"\" class=\"wp-image-4082\"\/><\/a><\/figure>\n<\/div>\n<\/div>\n\n\n<div class=\"ark-block-toc\" data-target=\"h3\">\n\t\t<div class=\"ark-block-toc__title\">\u76ee\u6b21<\/div>\n\t\t<ol class=\"ark-block-toc__list\" data-level=\"2\"><li><a href=\"#arkb-toc-0\" class=\"ark-block-toc__link\">EBITDA\u3068\u306f<\/a><ol class=\"ark-block-toc__list\" data-level=\"3\"><li><a href=\"#arkb-toc-1\" class=\"ark-block-toc__link\">EBITDA\u306e\u8aad\u307f\u65b9<\/a><\/li><li><a href=\"#arkb-toc-2\" class=\"ark-block-toc__link\">EBITDA\u306e\u610f\u5473<\/a><\/li><\/ol><\/li><li><a href=\"#arkb-toc-3\" class=\"ark-block-toc__link\">EBITDA\u306e\u8a08\u7b97\u65b9\u6cd5<\/a><ol class=\"ark-block-toc__list\" data-level=\"3\"><li><a href=\"#arkb-toc-4\" class=\"ark-block-toc__link\">\u640d\u76ca\u8a08\u7b97\u66f8\u306b\u57fa\u3065\u304fEBITDA\u306e\u5177\u4f53\u7684\u306a\u8a08\u7b97<\/a><\/li><\/ol><\/li><li><a href=\"#arkb-toc-5\" class=\"ark-block-toc__link\">EBITDA\u3092\u7528\u3044\u305f\u4fa1\u5024\u8a55\u4fa1\u65b9\u6cd5<\/a><ol class=\"ark-block-toc__list\" data-level=\"3\"><li><a href=\"#arkb-toc-6\" class=\"ark-block-toc__link\">EBITDA\u30de\u30fc\u30b8\u30f3<\/a><\/li><li><a href=\"#arkb-toc-7\" class=\"ark-block-toc__link\">EV\/EBITDA\u500d\u7387<\/a><\/li><\/ol><\/li><li><a href=\"#arkb-toc-8\" class=\"ark-block-toc__link\">EBITDA\u306e\u30e1\u30ea\u30c3\u30c8\u30fb\u30c7\u30e1\u30ea\u30c3\u30c8<\/a><\/li><li><a href=\"#arkb-toc-9\" class=\"ark-block-toc__link\">\u985e\u4f3c\u6307\u6a19\u3068\u306e\u9055\u3044<\/a><ol class=\"ark-block-toc__list\" data-level=\"3\"><li><a href=\"#arkb-toc-10\" class=\"ark-block-toc__link\">\u55b6\u696d\u5229\u76ca\u3068\u306e\u9055\u3044<\/a><\/li><li><a href=\"#arkb-toc-11\" class=\"ark-block-toc__link\">EBIT\uff08\u30a4\u30fc\u30d3\u30c3\u30c8\uff09\u3068\u306e\u9055\u3044<\/a><\/li><li><a href=\"#arkb-toc-12\" class=\"ark-block-toc__link\">\u30d5\u30ea\u30fc\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u3068\u306e\u9055\u3044<\/a><\/li><\/ol><\/li><li><a href=\"#arkb-toc-13\" class=\"ark-block-toc__link\">EBITDA\u306e\u6d3b\u7528\u4f8b<\/a><ol class=\"ark-block-toc__list\" data-level=\"3\"><li><a href=\"#arkb-toc-14\" class=\"ark-block-toc__link\">M&amp;A\u306b\u304a\u3051\u308b\u4f01\u696d\u4fa1\u5024\u8a55\u4fa1<\/a><\/li><li><a href=\"#arkb-toc-15\" class=\"ark-block-toc__link\">\u6295\u8cc7\u5224\u65ad\u306e\u6750\u6599<\/a><\/li><li><a href=\"#arkb-toc-16\" class=\"ark-block-toc__link\">\u8ca1\u52d9\u6307\u6a19\u3068\u3057\u3066\u306e\u6d3b\u7528<\/a><\/li><li><a href=\"#arkb-toc-17\" class=\"ark-block-toc__link\">\u7d4c\u55b6\u7ba1\u7406\u30c4\u30fc\u30eb\u3068\u3057\u3066\u306e\u6d3b\u7528<\/a><\/li><li><a href=\"#arkb-toc-18\" class=\"ark-block-toc__link\">\u50b5\u52d9\u5951\u7d04\uff08\u30b3\u30d9\u30ca\u30f3\u30c4\uff09\u3067\u306e\u6d3b\u7528<\/a><\/li><li><a href=\"#arkb-toc-19\" class=\"ark-block-toc__link\">EBITDA\u3092\u6d3b\u7528\u3059\u308b\u969b\u306e\u6ce8\u610f\u70b9<\/a><\/li><\/ol><\/li><li><a href=\"#arkb-toc-20\" class=\"ark-block-toc__link\">EBITDA\u306e\u307e\u3068\u3081<\/a><\/li><\/ol><\/li><\/ol>\n\t<\/div>\n\n\n<p>\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&amp;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<p class=\"has-arkb-anchor-color has-text-color has-link-color wp-elements-d35281866eb7869a178cb5f67e0a4496\"><a href=\"https:\/\/mitsukijapan.com\/ma\/contact\/\" data-type=\"link\" data-id=\"https:\/\/mitsukijapan.com\/ma\/contact\/\">\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<h2 id=\"arkb-toc-0\" class=\"wp-block-heading\">EBITDA\u3068\u306f<\/h2>\n\n\n\n<p>EBITDA\u306f\u300c\u5229\u6255\u524d\u30fb\u7a0e\u5f15\u524d\u30fb\u6e1b\u4fa1\u511f\u5374\u524d\u5229\u76ca\u300d\u3067\u3001\u7c21\u6613\u7684\u306b\u300c\u511f\u5374\u524d\u55b6\u696d\u5229\u76ca\u300d\u3068\u3059\u308b\u3053\u3068\u3082\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large is-resized\"><img decoding=\"async\" width=\"1280\" height=\"620\" src=\"https:\/\/mitsukijapan.com\/ma\/wp-content\/uploads\/image-164-1280x620.png\" alt=\"EBITDA\u3068\u306f\u30fb\u610f\u5473\" class=\"wp-image-5083\" style=\"width:670px;height:auto\" srcset=\"https:\/\/mitsukijapan.com\/ma\/wp-content\/uploads\/image-164-1280x620.png 1280w, https:\/\/mitsukijapan.com\/ma\/wp-content\/uploads\/image-164-640x310.png 640w, https:\/\/mitsukijapan.com\/ma\/wp-content\/uploads\/image-164-768x372.png 768w, https:\/\/mitsukijapan.com\/ma\/wp-content\/uploads\/image-164.png 1307w\" sizes=\"(max-width: 1280px) 100vw, 1280px\" \/><\/figure>\n<\/div>\n\n\n<p>\u6b63\u5f0f\u540d\u79f0\u306f\u300cEarnings Before Interest, Taxes, Depreciation, and Amortization\u300d\u3067\u3042\u308a\u3001\u982d\u6587\u5b57\u3092\u53d6\u3063\u3066EBITDA\u3068\u8868\u8a18\u3055\u308c\u307e\u3059\u3002<\/p>\n\n\n\n<h3 id=\"arkb-toc-1\" class=\"wp-block-heading\">EBITDA\u306e\u8aad\u307f\u65b9<\/h3>\n\n\n\n<p>EBITDA\u306e\u8aad\u307f\u65b9\u306b\u3064\u3044\u3066\u306f\u3001\u7d71\u4e00\u3055\u308c\u305f\u547c\u3073\u65b9\u306f\u3042\u308a\u307e\u305b\u3093\u304c\u3001\u4e00\u822c\u7684\u306b\u4ee5\u4e0b\u306e\u3088\u3046\u306a\u8aad\u307f\u65b9\u304c\u4f7f\u308f\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u30a4\u30fc\u30d3\u30c3\u30c8\u30c7\u30a3\u30fc\u30a8\u30fc<\/li>\n\n\n\n<li>\u30a4\u30fc\u30d3\u30c3\u30c0\u30fc<\/li>\n\n\n\n<li>\u30a4\u30fc\u30d3\u30c3\u30bf\u30fc<\/li>\n\n\n\n<li>\u30a4\u30fc\u30d3\u30c3\u30bf<\/li>\n\n\n\n<li>&nbsp;\u30a4\u30fc\u30d3\u30c3\u30c8\u30c0\u30fc<\/li>\n\n\n\n<li>\u30a8\u30d3\u30fc\u30c0<\/li>\n<\/ul>\n\n\n\n<h3 id=\"arkb-toc-2\" class=\"wp-block-heading\">EBITDA\u306e\u610f\u5473<\/h3>\n\n\n\n<p>EBITDA\u306f\u3001\u4f01\u696d\u306e\u53ce\u76ca\u529b\u3092\u793a\u3059\u6307\u6a19\u3068\u3057\u3066\u5e83\u304f\u4f7f\u7528\u3055\u308c\u3066\u3044\u307e\u3059\u3002\u3053\u306e\u6307\u6a19\u306f\u3001\u4f01\u696d\u306e\u672c\u696d\u306b\u3088\u308b\u5229\u76ca\u3092\u7d14\u7c8b\u306b\u8a55\u4fa1\u3059\u308b\u305f\u3081\u306b\u3001\u91d1\u5229\u3001\u7a0e\u91d1\u3001\u6e1b\u4fa1\u511f\u5374\u8cbb\u306a\u3069\u306e\u5f71\u97ff\u3092\u9664\u5916\u3057\u3066\u8a08\u7b97\u3055\u308c\u307e\u3059\u3002\u3053\u308c\u306b\u3088\u308a\u3001\u4f01\u696d\u306e\u5b9f\u8cea\u7684\u306a\u53ce\u76ca\u529b\u3084\u4e8b\u696d\u306e\u52b9\u7387\u6027\u3092\u628a\u63e1\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">EBITDA\u306e\u69cb\u6210\u8981\u7d20<\/h4>\n\n\n\n<p>EBITDA\u3092\u69cb\u6210\u3059\u308b\u8981\u7d20\u306f\u4ee5\u4e0b\u306e5\u3064\u3067\u3059\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Earnings Before \uff1a\u6b21\u306e4\u9805\u76ee\u306e\u53ce\u76ca\u3084\u8cbb\u7528\u3092\u52a0\u6e1b\u7b97\u3059\u308b\u524d\u306e\u5229\u76ca<\/li>\n\n\n\n<li>Interest\uff1a\u652f\u6255\u5229\u606f<\/li>\n\n\n\n<li>Taxes\uff1a\u7a0e\u91d1<\/li>\n\n\n\n<li>Depreciation\uff1a\u5efa\u7269\u3084\u6a5f\u68b0\u8a2d\u5099\u306a\u3069\u306e\u6709\u5f62\u56fa\u5b9a\u8cc7\u7523\u3084\u306e\u6e1b\u4fa1\u511f\u5374\u8cbb<\/li>\n\n\n\n<li>Amortization\uff1a\u306e\u308c\u3093\u3084\u30bd\u30d5\u30c8\u30a6\u30a7\u30a2\u306a\u3069\u306e\u7121\u5f62\u56fa\u5b9a\u8cc7\u7523\u306e\u6e1b\u4fa1\u511f\u5374\u8cbb<\/li>\n<\/ul>\n\n\n\n<p>\u3053\u308c\u3089\u306e\u8981\u7d20\u3092\u7406\u89e3\u3059\u308b\u3053\u3068\u3067\u3001EBITDA\u304c\u3069\u306e\u3088\u3046\u306b\u4f01\u696d\u306e\u53ce\u76ca\u529b\u3092\u8868\u73fe\u3057\u3066\u3044\u308b\u304b\u304c\u3088\u308a\u660e\u78ba\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"has-arkb-anchor-color has-text-color has-link-color wp-elements-45103561375bc7c35685a2b29f3482ea\">\u25b7\u95a2\u9023\uff1a<a href=\"https:\/\/mitsukijapan.com\/ma\/column\/valuation\/\">\u30d0\u30ea\u30e5\u30a8\u30fc\u30b7\u30e7\u30f3\u3068\u306f\uff1f\uff5c\u4f01\u696d\u4fa1\u5024\u8a55\u4fa1\u306e\u8a08\u7b97\u65b9\u6cd5\u30fbM&amp;A\u682a\u4fa1\u306e\u610f\u5473<\/a><\/p>\n\n\n\n<h2 id=\"arkb-toc-3\" class=\"wp-block-heading\">EBITDA\u306e\u8a08\u7b97\u65b9\u6cd5<\/h2>\n\n\n\n<p>EBITDA\u306e\u4e3b\u306a\u8a08\u7b97\u65b9\u6cd5\uff14\u3064\u3092\u4e0b\u8868\u306b\u307e\u3068\u3081\u307e\u3057\u305f\u3002\u3053\u308c\u3089\u306e\u3046\u3061\u6700\u3082\u7c21\u4fbf\u3067\u4e00\u822c\u7684\u306a\u8a08\u7b97\u65b9\u6cd5\u306f\u300c\u55b6\u696d\u5229\u76ca\u306b\u6e1b\u4fa1\u511f\u5374\u8cbb\u3092\u8db3\u3059\u65b9\u6cd5\u300d\u3067\u3059\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table><thead><tr><th>EBITDA\u306e\u8a08\u7b97\u65b9\u6cd5<\/th><th>\u8a08\u7b97\u5f0f<\/th><th>\u7279\u5fb4\u30fb\u8a73\u7d30<\/th><\/tr><\/thead><tbody><tr><td>\u55b6\u696d\u5229\u76ca\u306b\u6e1b\u4fa1\u511f\u5374\u8cbb\u3092\u8db3\u3059\u65b9\u6cd5<\/td><td>EBITDA = \u55b6\u696d\u5229\u76ca + \u6e1b\u4fa1\u511f\u5374\u8cbb<\/td><td>\u6e1b\u4fa1\u511f\u5374\u8cbb\u3092\u542b\u3081\u3066\u7b97\u51fa\u3067\u304d\u308b\u305f\u3081\u3001\u73fe\u9810\u91d1\u3092\u4f34\u3063\u305f\u4f01\u696d\u4fa1\u5024\u306e\u5897\u52a0\u984d\u3092\u6982\u7b97\u3067\u304d\u307e\u3059\u3002\u307e\u305f\u3001\u672c\u696d\u306e\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u3092\u6c42\u3081\u308b\u3053\u3068\u3082\u53ef\u80fd\u3067\u3059\u3002<\/td><\/tr><tr><td>\u7d4c\u5e38\u5229\u76ca\u3092\u30d9\u30fc\u30b9\u306b\u3057\u305f\u8a08\u7b97\u65b9\u6cd5<\/td><td>EBITDA = \u7d4c\u5e38\u5229\u76ca + \u652f\u6255\u5229\u606f + \u6e1b\u4fa1\u511f\u5374\u8cbb<\/td><td>\u7d4c\u5e38\u5229\u76ca\u304b\u3089\u51fa\u767a\u3057\u3066EBITDA\u3092\u7b97\u51fa\u3059\u308b\u65b9\u6cd5\u3067\u3059\u3002\u55b6\u696d\u5916\u306e\u53ce\u76ca\u30fb\u8cbb\u7528\u3092\u542b\u3093\u3060\u7d4c\u5e38\u5229\u76ca\u306b\u3001\u652f\u6255\u5229\u606f\u3068\u6e1b\u4fa1\u511f\u5374\u8cbb\u3092\u52a0\u7b97\u3057\u307e\u3059\u3002<\/td><\/tr><tr><td>\u7a0e\u5f15\u524d\u5f53\u671f\u7d14\u5229\u76ca\u3092\u30d9\u30fc\u30b9\u306b\u3057\u305f\u8a08\u7b97\u65b9\u6cd5<\/td><td>EBITDA = \u7a0e\u5f15\u524d\u5f53\u671f\u7d14\u5229\u76ca + \u7279\u5225\u640d\u76ca + \u652f\u6255\u5229\u606f + \u6e1b\u4fa1\u511f\u5374\u8cbb<\/td><td>\u7a0e\u5f15\u524d\u5f53\u671f\u7d14\u5229\u76ca\u304b\u3089\u51fa\u767a\u3057\u3001\u7279\u5225\u640d\u76ca\u3001\u652f\u6255\u5229\u606f\u3001\u6e1b\u4fa1\u511f\u5374\u8cbb\u3092\u52a0\u7b97\u3057\u3066EBITDA\u3092\u7b97\u51fa\u3059\u308b\u65b9\u6cd5\u3067\u3059\u3002<\/td><\/tr><tr><td>\u5f53\u671f\u7d14\u5229\u76ca\u3092\u30d9\u30fc\u30b9\u306b\u3057\u305f\u8a08\u7b97\u65b9\u6cd5<\/td><td>EBITDA = \u5f53\u671f\u7d14\u5229\u76ca + \u6cd5\u4eba\u7a0e\u7b49 + \u7279\u5225\u640d\u76ca + \u652f\u6255\u5229\u606f + \u6e1b\u4fa1\u511f\u5374\u8cbb<\/td><td>EBITDA\u672c\u6765\u306e\u5b9a\u7fa9\u306b\u5fe0\u5b9f\u306a\u6b63\u78ba\u306a\u8a08\u7b97\u65b9\u6cd5\u3067\u3059\u3002\u5f53\u671f\u7d14\u5229\u76ca\u304b\u3089\u51fa\u767a\u3057\u3001\u6cd5\u4eba\u7a0e\u7b49\u3001\u7279\u5225\u640d\u76ca\u3001\u652f\u6255\u5229\u606f\u3001\u6e1b\u4fa1\u511f\u5374\u8cbb\u3092\u52a0\u7b97\u3057\u307e\u3059\u3002<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 id=\"arkb-toc-4\" class=\"wp-block-heading\">\u640d\u76ca\u8a08\u7b97\u66f8\u306b\u57fa\u3065\u304fEBITDA\u306e\u5177\u4f53\u7684\u306a\u8a08\u7b97<\/h3>\n\n\n\n<p>\u4e0b\u56f3\u306e\u4f8b\u3067\u3001\u300c\u5f53\u671f\u7d14\u5229\u76ca\u3092\u30d9\u30fc\u30b9\u306b\u3057\u305f\u8a08\u7b97\u65b9\u6cd5\u300d\u306b\u57fa\u3065\u304d\u3001EBITDA\u3092\u7b97\u51fa\u3057\u307e\u3059\u3002<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><img decoding=\"async\" width=\"850\" height=\"603\" src=\"https:\/\/mitsukijapan.com\/ma\/wp-content\/uploads\/EBITDA\u306e\u5177\u4f53\u7684\u306a\u8a08\u7b97\u65b9\u6cd5\u30fb\u8a08\u7b97\u4e8b\u4f8b.webp\" alt=\"EBITDA\u306e\u5177\u4f53\u7684\u306a\u8a08\u7b97\u65b9\u6cd5\u30fb\u8a08\u7b97\u4e8b\u4f8b\" class=\"wp-image-7499\" srcset=\"https:\/\/mitsukijapan.com\/ma\/wp-content\/uploads\/EBITDA\u306e\u5177\u4f53\u7684\u306a\u8a08\u7b97\u65b9\u6cd5\u30fb\u8a08\u7b97\u4e8b\u4f8b.webp 850w, https:\/\/mitsukijapan.com\/ma\/wp-content\/uploads\/EBITDA\u306e\u5177\u4f53\u7684\u306a\u8a08\u7b97\u65b9\u6cd5\u30fb\u8a08\u7b97\u4e8b\u4f8b-640x454.webp 640w, https:\/\/mitsukijapan.com\/ma\/wp-content\/uploads\/EBITDA\u306e\u5177\u4f53\u7684\u306a\u8a08\u7b97\u65b9\u6cd5\u30fb\u8a08\u7b97\u4e8b\u4f8b-768x545.webp 768w\" sizes=\"(max-width: 850px) 100vw, 850px\" \/><\/figure>\n<\/div>\n\n\n<p>\u4e0a\u56f3\u306e\u4f8b\u3067\u306f\u3001\u5f53\u671f\u7d14\u5229\u76ca70\u306b\u3001\u6cd5\u4eba\u7a0e\u7b4930\u3001\u652f\u6255\u5229\u606f10\u3001\u6e1b\u4fa1\u511f\u5374\u8cbb\uff08\u6709\u5f62\uff0940\u3001\u6e1b\u4fa1\u511f\u5374\u8cbb\uff08\u7121\u5f62\uff0910\u3092\u52a0\u7b97\u3057\u3001EBITDA160\u3092\u7b97\u51fa\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"has-arkb-anchor-color has-text-color has-link-color wp-elements-413e71d9ab5cca24cb6e1b4050011152\">\u25b7\u95a2\u9023\uff1a<a href=\"https:\/\/mitsukijapan.com\/ma\/column\/what-is-depreciation\/\">\u6e1b\u4fa1\u511f\u5374\u3068\u4f01\u696d\u4fa1\u5024\u8a55\u4fa1\uff5cDCF\u3084\u30de\u30eb\u30c1\u30d7\u30eb\u3078\u306e\u5f71\u97ff\u3068M&amp;A<\/a><\/p>\n\n\n\n<h2 id=\"arkb-toc-5\" class=\"wp-block-heading\">EBITDA\u3092\u7528\u3044\u305f\u4fa1\u5024\u8a55\u4fa1\u65b9\u6cd5<\/h2>\n\n\n\n<p>EBITDA\u3092\u7528\u3044\u305f\u4e3b\u306a\u4f01\u696d\u4fa1\u5024\u8a55\u4fa1\u306e\u65b9\u6cd5\u306b\u306f\u3001EBITDA\u30de\u30fc\u30b8\u30f3\u3068EV\/EBITDA\u500d\u7387\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<h3 id=\"arkb-toc-6\" class=\"wp-block-heading\">EBITDA\u30de\u30fc\u30b8\u30f3<\/h3>\n\n\n\n<p>EBITDA\u30de\u30fc\u30b8\u30f3\u306f\u3001\u58f2\u4e0a\u306b\u5bfe\u3059\u308b\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306e\u5272\u5408\u3092\u8a55\u4fa1\u3059\u308b\u65b9\u6cd5\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"has-xlarge-font-size\">EBITDA\u30de\u30fc\u30b8\u30f3 = EBITDA \u00f7 \u58f2\u4e0a \u00d7 100<\/p>\n\n\n\n<p>\u3053\u306e\u6307\u6a19\u306f\u3001\u58f2\u4e0a\u306e\u4e2d\u304b\u3089EBITDA\u3068\u3057\u3066\u6b8b\u3063\u305f\u5272\u5408\u3092\u8868\u3059\u305f\u3081\u3001\u6570\u5024\u304c\u5927\u304d\u3044\u307b\u3069\u53ce\u76ca\u6027\u304c\u9ad8\u3044\u3068\u5224\u65ad\u3067\u304d\u307e\u3059\u3002<\/p>\n\n\n\n<h3 id=\"arkb-toc-7\" class=\"wp-block-heading\">EV\/EBITDA\u500d\u7387<\/h3>\n\n\n\n<p>EV\/EBITDA\u500d\u7387\u306f\u3001\u4f01\u696d\u4fa1\u5024\uff08EV\uff09\u304cEBITDA\u306e\u4f55\u500d\u306b\u3042\u305f\u308b\u304b\u3092\u8868\u3059\u6307\u6a19\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"has-xlarge-font-size\">EV\/EBITDA\u500d\u7387 = EV \u00f7 EBITDA<\/p>\n\n\n\n<p>\u3053\u3053\u3067\u3001EV\u306f\u4ee5\u4e0b\u306e\u3088\u3046\u306b\u8a08\u7b97\u3055\u308c\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"has-large-font-size\">EV = \u682a\u5f0f\u6642\u4fa1\u7dcf\u984d + \u6709\u5229\u5b50\u8ca0\u50b5 &#8211; \u73fe\u9810\u91d1<\/p>\n\n\n\n<p>EV\/EBITDA\u500d\u7387\u306f\u3001\u8cb7\u53ce\u306e\u521d\u671f\u6295\u8cc7\u984d\u3092\u56de\u53ce\u3059\u308b\u307e\u3067\u306e\u5e74\u6570\u3092\u793a\u3059\u6307\u6a19\u3068\u3057\u3066\u3082\u4f7f\u308f\u308c\u307e\u3059\u3002\u6570\u5024\u304c\u5c0f\u3055\u3044\u307b\u3069\u30b3\u30b9\u30c8\u56de\u53ce\u306b\u304b\u304b\u308b\u671f\u9593\u304c\u77ed\u304f\u306a\u308a\u3001\u682a\u4fa1\u6bd4\u8f03\u306e\u5c3a\u5ea6\u3068\u3057\u3066\u3082\u6d3b\u7528\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"has-arkb-anchor-color has-text-color has-link-color wp-elements-cce7c6f953ecc3793594a480a916bc86\">\u25b7\u95a2\u9023\uff1a<a href=\"https:\/\/mitsukijapan.com\/ma\/column\/what-is-ev-ebitda-multiple\/\">EV\/EBITDA\u500d\u7387\u3068\u306f\uff1f\u8a08\u7b97\u5f0f\u30fb\u696d\u754c\u5e73\u5747\u30fb\u5272\u9ad8\u5272\u5b89\u306e\u76ee\u5b89<\/a><\/p>\n\n\n\n<h2 id=\"arkb-toc-8\" class=\"wp-block-heading\">EBITDA\u306e\u30e1\u30ea\u30c3\u30c8\u30fb\u30c7\u30e1\u30ea\u30c3\u30c8<\/h2>\n\n\n\n<p>EBITDA\u306e\u30e1\u30ea\u30c3\u30c8\u3068\u30c7\u30e1\u30ea\u30c3\u30c8\u3092\u4e0b\u8868\u306b\u6574\u7406\u3057\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\u30e1\u30ea\u30c3\u30c8<\/th><th>\u30c7\u30e1\u30ea\u30c3\u30c8<\/th><\/tr><\/thead><tbody><tr><td><strong>\u6d77\u5916\u4f01\u696d\u306e\u696d\u7e3e\u30fb\u540c\u696d\u4ed6\u793e\u9593\u306e\u696d\u7e3e\u3092\u6bd4\u8f03\u3067\u304d\u308b<\/strong><br>\u501f\u5165\u91d1\u306a\u3069\u306e\u652f\u6255\u5229\u606f\u3084\u7a0e\u7387\u306e\u5f71\u97ff\u3092\u6392\u9664\u3057\u3066\u306e\u6bd4\u8f03\u304c\u53ef\u80fd\u3067\u3059\u3002\u6295\u8cc7\u306e\u511f\u5374\u65b9\u6cd5\u306e\u9055\u3044\u3092\u6392\u9664\u3057\u3066\u306e\u6bd4\u8f03\u304c\u53ef\u80fd\u3067\u3059\u3002\u7d4c\u5e74\u6bd4\u8f03\u304c\u3067\u304d\u3001\u898f\u6a21\u306e\u7570\u306a\u308b\u4f1a\u793e\u9593\u3067\u306e\u6bd4\u8f03\u304c\u53ef\u80fd\u3067\u3059\u3002<br><br><strong>\u8ca1\u52d9\u8af8\u8868\u306b\u57fa\u3065\u3044\u305f\u8a08\u7b97\u304c\u5bb9\u6613\u306b\u3067\u304d\u308b<\/strong><br>\u4e0a\u5834\u4f01\u696d\u306e\u8ca1\u52d9\u8af8\u8868\u3092\u5229\u7528\u3057\u3066\u7c21\u5358\u306b\u8a08\u7b97\u53ef\u80fd\u3067\u3059\u3002\u6295\u8cc7\u5bb6\u3084\u50b5\u6a29\u8005\u306a\u3069\u306e\u5229\u5bb3\u95a2\u4fc2\u8005\u306b\u4f01\u696d\u306e\u8ca1\u653f\u72b6\u6cc1\u3084\u7d4c\u55b6\u6210\u7e3e\u3092\u958b\u793a\u3059\u308b\u969b\u306b\u6709\u7528\u3067\u3059\u3002<br><br><strong>\u6295\u8cc7\u306e\u5f71\u97ff\u3092\u53d7\u3051\u306a\u3044<\/strong><br>\u6e1b\u4fa1\u511f\u5374\u8cbb\u306e\u5f71\u97ff\u3092\u9664\u5916\u3059\u308b\u3053\u3068\u3067\u3001\u7d14\u7c8b\u306a\u4e8b\u696d\u306e\u53ce\u76ca\u529b\u3092\u8a55\u4fa1\u53ef\u80fd\u3067\u3059\u3002\u8a2d\u5099\u6295\u8cc7\u306e\u591a\u3044\u88fd\u9020\u696d\u306a\u3069\u3067\u3082\u3001\u6b63\u78ba\u306a\u5229\u76ca\u3092\u628a\u63e1\u53ef\u80fd\u3067\u3059\u3002<\/td><td><strong>\u904e\u5270\u306a\u8a2d\u5099\u6295\u8cc7\u3084M&amp;A\u306b\u3088\u308b\u640d\u5931\u304c\u30de\u30a4\u30ca\u30b9\u8981\u56e0\u3068\u306a\u3089\u306a\u3044<\/strong><br>\u6e1b\u4fa1\u511f\u5374\u8cbb\u306e\u5f71\u97ff\u3092\u9664\u5916\u3059\u308b\u305f\u3081\u3001\u904e\u5270\u6295\u8cc7\u306b\u3088\u308b\u7d4c\u55b6\u60aa\u5316\u3092\u628a\u63e1\u3057\u306b\u304f\u3044\u3067\u3059\u3002<br><br><strong>\u6b63\u78ba\u306a\u30ad\u30e3\u30c3\u30b7\u30e5\u30fb\u30d5\u30ed\u30fc\u3092\u628a\u63e1\u3067\u304d\u306a\u3044<\/strong><br>\u652f\u6255\u5229\u606f\u3084\u6e1b\u4fa1\u511f\u5374\u8cbb\u3001\u7a0e\u91d1\u306e\u63a7\u9664\u304c\u884c\u308f\u308c\u3066\u3044\u306a\u3044\u305f\u3081\u3001\u5b9f\u969b\u306e\u30ad\u30e3\u30c3\u30b7\u30e5\u30fb\u30d5\u30ed\u30fc\u3068\u306f\u4e56\u96e2\u304c\u3042\u308a\u307e\u3059\u3002<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>\u3053\u308c\u3089\u306e\u30e1\u30ea\u30c3\u30c8\u30fb\u30c7\u30e1\u30ea\u30c3\u30c8\u3092\u7406\u89e3\u3057\u305f\u4e0a\u3067\u3001EBITDA\u3092\u4ed6\u306e\u6307\u6a19\u3068\u4f75\u7528\u3057\u3066\u7dcf\u5408\u7684\u306b\u4f01\u696d\u4fa1\u5024\u3092\u8a55\u4fa1\u3059\u308b\u3053\u3068\u304c\u91cd\u8981\u3067\u3059\u3002<\/p>\n\n\n\n<h2 id=\"arkb-toc-9\" class=\"wp-block-heading\">\u985e\u4f3c\u6307\u6a19\u3068\u306e\u9055\u3044<\/h2>\n\n\n\n<p>EBITDA\u306b\u4f3c\u305f\u6982\u5ff5\u306b\u300cEBIT\u300d\u3001\u300c\u30d5\u30ea\u30fc\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u300d\u3001\u300c\u55b6\u696d\u5229\u76ca\u300d\u304c\u3042\u308a\u307e\u3059\u3002\u4ee5\u4e0b\u3067\u306f\u3001\u3053\u308c\u3089\u3068\u306e\u95a2\u4fc2\u6027\u3084\u9055\u3044\u306b\u3064\u3044\u3066\u89e3\u8aac\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<h3 id=\"arkb-toc-10\" class=\"wp-block-heading\">\u55b6\u696d\u5229\u76ca\u3068\u306e\u9055\u3044<\/h3>\n\n\n\n<p>EBITDA\u3068\u55b6\u696d\u5229\u76ca\u306f\u3001\u3069\u3061\u3089\u3082\u4f01\u696d\u306e\u53ce\u76ca\u529b\u3092\u793a\u3059\u6307\u6a19\u3067\u3059\u304c\u3001\u305d\u306e\u8a08\u7b97\u65b9\u6cd5\u3068\u610f\u5473\u5408\u3044\u306b\u9055\u3044\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">\u55b6\u696d\u5229\u76ca\u3068\u306f<\/h4>\n\n\n\n<p>\u55b6\u696d\u5229\u76ca\u306f\u3001\u4f01\u696d\u306e\u672c\u696d\u306b\u3088\u308b\u5229\u76ca\u3092\u8868\u3059\u6307\u6a19\u3067\u3059\u3002\u58f2\u4e0a\u9ad8\u304b\u3089\u58f2\u4e0a\u539f\u4fa1\u3068\u8ca9\u58f2\u8cbb\u53ca\u3073\u4e00\u822c\u7ba1\u7406\u8cbb\u3092\u5dee\u3057\u5f15\u3044\u3066\u8a08\u7b97\u3055\u308c\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u55b6\u696d\u5229\u76ca = \u58f2\u4e0a\u9ad8 &#8211; (\u58f2\u4e0a\u539f\u4fa1 + \u8ca9\u58f2\u8cbb\u53ca\u3073\u4e00\u822c\u7ba1\u7406\u8cbb)<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">EBITDA\u3068\u55b6\u696d\u5229\u76ca\u306e\u9055\u3044<\/h4>\n\n\n\n<p>EBITDA\u3068\u55b6\u696d\u5229\u76ca\u306e\u4e3b\u306a\u9055\u3044\u306f\u3001\u6e1b\u4fa1\u511f\u5374\u8cbb\u306e\u6271\u3044\u306b\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>EBITDA\uff1a\u6e1b\u4fa1\u511f\u5374\u8cbb\u3092\u52a0\u7b97\u3059\u308b<\/li>\n\n\n\n<li>\u55b6\u696d\u5229\u76ca\uff1a\u6e1b\u4fa1\u511f\u5374\u8cbb\u3092\u542b\u3080<\/li>\n<\/ul>\n\n\n\n<p>\u3053\u306e\u9055\u3044\u306b\u3088\u308a\u3001EBITDA\u306f\u3088\u308a\u7d14\u7c8b\u306a\u30ad\u30e3\u30c3\u30b7\u30e5\u30d9\u30fc\u30b9\u306e\u53ce\u76ca\u529b\u3092\u793a\u3059\u6307\u6a19\u3068\u306a\u308a\u307e\u3059\u3002\u4e00\u65b9\u3001\u55b6\u696d\u5229\u76ca\u306f\u4f1a\u8a08\u4e0a\u306e\u5229\u76ca\u3092\u793a\u3059\u6307\u6a19\u3067\u3059\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">EBITDA\u3092\u7528\u3044\u308b\u5229\u70b9<\/h4>\n\n\n\n<p>EBITDA\u3092\u7528\u3044\u308b\u3053\u3068\u3067\u3001\u4ee5\u4e0b\u306e\u3088\u3046\u306a\u5229\u70b9\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>\u8a2d\u5099\u6295\u8cc7\u306e\u5f71\u97ff\u3092\u9664\u5916\u3057\u305f\u53ce\u76ca\u529b\u306e\u6bd4\u8f03\u304c\u53ef\u80fd<\/li>\n\n\n\n<li>\u56fd\u969b\u9593\u3084\u696d\u7a2e\u9593\u306e\u6bd4\u8f03\u304c\u5bb9\u6613<\/li>\n\n\n\n<li>\u30ad\u30e3\u30c3\u30b7\u30e5\u30d9\u30fc\u30b9\u306b\u8fd1\u3044\u53ce\u76ca\u529b\u3092\u628a\u63e1\u53ef\u80fd<\/li>\n<\/ol>\n\n\n\n<p>\u305f\u3060\u3057\u3001EBITDA\u3060\u3051\u3067\u306a\u304f\u55b6\u696d\u5229\u76ca\u3082\u542b\u3081\u3066\u7dcf\u5408\u7684\u306b\u4f01\u696d\u306e\u53ce\u76ca\u529b\u3092\u8a55\u4fa1\u3059\u308b\u3053\u3068\u304c\u91cd\u8981\u3067\u3059\u3002<\/p>\n\n\n\n<h3 id=\"arkb-toc-11\" class=\"wp-block-heading\">EBIT\uff08\u30a4\u30fc\u30d3\u30c3\u30c8\uff09\u3068\u306e\u9055\u3044<\/h3>\n\n\n\n<p>EBITDA\u3068\u4f3c\u305f\u6307\u6a19\u306bEBIT\u304c\u3042\u308a\u307e\u3059\u3002EBIT\u306f\u300cEarnings Before Interest and Taxes\u300d\u306e\u7565\u3067\u3001\u5229\u6255\u524d\u30fb\u7a0e\u5f15\u524d\u5229\u76ca\u3092\u610f\u5473\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">EBIT\u306e\u5b9a\u7fa9<\/h4>\n\n\n\n<p>EBIT\u306f\u3001\u7a0e\u5f15\u524d\u5f53\u671f\u7d14\u5229\u76ca\u306b\u652f\u6255\u5229\u606f\u3092\u52a0\u3048\u3001\u53d7\u53d6\u5229\u606f\u3092\u5dee\u3057\u5f15\u3044\u305f\u3082\u306e\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"has-xlarge-font-size\">EBIT = \u7a0e\u5f15\u524d\u5f53\u671f\u7d14\u5229\u76ca + \u652f\u6255\u5229\u606f &#8211; \u53d7\u53d6\u5229\u606f<\/p>\n\n\n\n<p>\u5b9f\u52d9\u4e0a\u306f\u3001\u7c21\u6613\u7684\u306b\u55b6\u696d\u5229\u76ca\u3092\u3082\u3063\u3066EBIT\u3068\u307f\u306a\u3059\u3053\u3068\u3082\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">EBITDA\u3068EBIT\u306e\u9055\u3044<\/h4>\n\n\n\n<p>EBITDA\u3068EBIT\u306e\u4e3b\u306a\u9055\u3044\u306f\u3001\u6e1b\u4fa1\u511f\u5374\u8cbb\u306e\u6271\u3044\u306b\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>EBITDA\uff1a\u6e1b\u4fa1\u511f\u5374\u8cbb\u3092\u52a0\u7b97\u3059\u308b<\/li>\n\n\n\n<li>EBIT\uff1a\u6e1b\u4fa1\u511f\u5374\u8cbb\u3092\u52a0\u7b97\u3057\u306a\u3044<\/li>\n<\/ul>\n\n\n\n<p>\u3053\u306e\u9055\u3044\u306b\u3088\u308a\u3001EBITDA\u306f\u3001\u3088\u308a\u7d14\u7c8b\u306a\u4e8b\u696d\u306e\u53ce\u76ca\u529b\u3092\u8868\u3059\u6307\u6a19\u3068\u3057\u3066\u4f7f\u7528\u3055\u308c\u307e\u3059\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">EBITDA\u304c\u3088\u308a\u6d3b\u7528\u3055\u308c\u308b\u7406\u7531<\/h4>\n\n\n\n<p>EBITDA\u304cEBIT\u3088\u308a\u3082\u5e83\u304f\u6d3b\u7528\u3055\u308c\u308b\u4e3b\u306a\u7406\u7531\u306f\u4ee5\u4e0b\u306e\u901a\u308a\u3067\u3059\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u4f1a\u8a08\u57fa\u6e96\u304c\u7570\u306a\u308b\u6d77\u5916\u4f01\u696d\u3068\u65e5\u672c\u4f01\u696d\u3092\u6bd4\u8f03\u3059\u308b\u3053\u3068\u304c\u53ef\u80fd<\/li>\n\n\n\n<li>\u696d\u7a2e\u306e\u7570\u306a\u308b\u4f01\u696d\u9593\u3067\u3001\u8a2d\u5099\u6295\u8cc7\u3084\u6e1b\u4fa1\u511f\u5374\u65b9\u6cd5\u306e\u9055\u3044\u304c\u3042\u3063\u3066\u3082\u6bd4\u8f03\u304c\u53ef\u80fd<\/li>\n\n\n\n<li>\u6e1b\u4fa1\u511f\u5374\u8cbb\u306e\u5f71\u97ff\u3092\u9664\u5916\u3059\u308b\u3053\u3068\u3067\u3001\u3088\u308a\u7d14\u7c8b\u306a\u4e8b\u696d\u306e\u53ce\u76ca\u529b\u3092\u8a55\u4fa1\u3067\u304d\u308b<\/li>\n<\/ul>\n\n\n\n<p>\u3053\u308c\u3089\u306e\u7279\u5fb4\u306b\u3088\u308a\u3001EBITDA\u306f\u56fd\u969b\u7684\u306a\u4f01\u696d\u6bd4\u8f03\u3084\u7570\u696d\u7a2e\u9593\u306e\u6bd4\u8f03\u306b\u304a\u3044\u3066\u6709\u7528\u306a\u6307\u6a19\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<h3 id=\"arkb-toc-12\" class=\"wp-block-heading\">\u30d5\u30ea\u30fc\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u3068\u306e\u9055\u3044<\/h3>\n\n\n\n<p>EBITDA\u3068\u30d5\u30ea\u30fc\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306f\u3001\u3069\u3061\u3089\u3082\u4f01\u696d\u306e\u53ce\u76ca\u529b\u3084\u8cc7\u91d1\u5275\u51fa\u80fd\u529b\u3092\u793a\u3059\u6307\u6a19\u3067\u3059\u304c\u3001\u305d\u306e\u8a08\u7b97\u65b9\u6cd5\u3068\u610f\u5473\u5408\u3044\u306b\u9055\u3044\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">\u30d5\u30ea\u30fc\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\uff08FCF\uff09\u3068\u306f<\/h4>\n\n\n\n<p>\u30d5\u30ea\u30fc\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306f\u3001\u4f01\u696d\u304c\u55b6\u696d\u306b\u3088\u3063\u3066\u7a3c\u304e\u51fa\u3057\u305f\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u304b\u3089\u3001\u6295\u8cc7\u8cbb\u7528\u306a\u3069\u3092\u5dee\u3057\u5f15\u3044\u305f\u3082\u306e\u3067\u3059\u3002\u672c\u696d\u3067\u7a3c\u3044\u3060\u8cc7\u91d1\u304b\u3089\u3001\u4e8b\u696d\u306b\u5fc5\u8981\u306a\u8a2d\u5099\u8cc7\u91d1\u3084\u904b\u8ee2\u8cc7\u91d1\u3092\u78ba\u4fdd\u3057\u305f\u5f8c\u3001\u81ea\u7531\u306b\u4f7f\u3048\u308b\u8cc7\u91d1\u3092\u8868\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">EBITDA\u3068\u30d5\u30ea\u30fc\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306e\u9055\u3044<\/h4>\n\n\n\n<p>EBITDA\u3068FCF\u306e\u4e3b\u306a\u9055\u3044\u306f\u4ee5\u4e0b\u306e\u3068\u304a\u308a\u3067\u3059\u3002<\/p>\n\n\n\n<h5 class=\"wp-block-heading\">\u8a08\u7b97\u65b9\u6cd5<\/h5>\n\n\n\n<ul class=\"wp-block-list\">\n<li>EBITDA\uff1a\u55b6\u696d\u5229\u76ca + \u6e1b\u4fa1\u511f\u5374\u8cbb\uff08\u307e\u305f\u306f\u4ed6\u306e\u8a08\u7b97\u65b9\u6cd5\uff09<\/li>\n\n\n\n<li>\u30d5\u30ea\u30fc\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\uff1a\u55b6\u696d\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc &#8211; \u8a2d\u5099\u6295\u8cc7\u984d<\/li>\n<\/ul>\n\n\n\n<h5 class=\"wp-block-heading\">\u542b\u307e\u308c\u308b\u8981\u7d20<\/h5>\n\n\n\n<ul class=\"wp-block-list\">\n<li>EBITDA\uff1a\u6e1b\u4fa1\u511f\u5374\u8cbb\u3092\u52a0\u7b97\u3057\u3001\u7a0e\u91d1\u3084\u652f\u6255\u5229\u606f\u306e\u5f71\u97ff\u3092\u9664\u5916<\/li>\n\n\n\n<li>\u30d5\u30ea\u30fc\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\uff1a\u5b9f\u969b\u306e\u73fe\u91d1\u306e\u52d5\u304d\u3092\u53cd\u6620\u3057\u3001\u8a2d\u5099\u6295\u8cc7\u3082\u8003\u616e<\/li>\n<\/ul>\n\n\n\n<h5 class=\"wp-block-heading\">\u793a\u3059\u5185\u5bb9<\/h5>\n\n\n\n<ul class=\"wp-block-list\">\n<li>EBITDA\uff1a\u30ad\u30e3\u30c3\u30b7\u30e5\u30d9\u30fc\u30b9\u306b\u8fd1\u3044\u53ce\u76ca\u529b<\/li>\n\n\n\n<li>\u30d5\u30ea\u30fc\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\uff1a\u5b9f\u969b\u306b\u81ea\u7531\u306b\u4f7f\u3048\u308b\u8cc7\u91d1\u306e\u984d<\/li>\n<\/ul>\n\n\n\n<h5 class=\"wp-block-heading\">\u4f7f\u7528\u76ee\u7684<\/h5>\n\n\n\n<ul class=\"wp-block-list\">\n<li>EBITDA\uff1a\u4f01\u696d\u4fa1\u5024\u8a55\u4fa1\uff08\u7279\u306bM&amp;A\u306e\u5834\u9762\uff09\u3001\u56fd\u969b\u9593\u3084\u696d\u7a2e\u9593\u306e\u6bd4\u8f03\u3001\u7d14\u7c8b\u306a\u4e8b\u696d\u306e\u53ce\u76ca\u529b\u306e\u8a55\u4fa1<\/li>\n\n\n\n<li>\u30d5\u30ea\u30fc\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\uff1a\u4f01\u696d\u306e\u8cc7\u91d1\u7e70\u308a\u306e\u8a55\u4fa1\u3001\u682a\u4e3b\u9084\u5143\u3084\u8ca0\u50b5\u8fd4\u6e08\u80fd\u529b\u306e\u8a55\u4fa1\u3001\u6295\u8cc7\u5224\u65ad\u306e\u6750\u6599<\/li>\n<\/ul>\n\n\n\n<p>\u3053\u308c\u3089\u306e\u9055\u3044\u3092\u7406\u89e3\u3057\u305f\u4e0a\u3067\u3001\u76ee\u7684\u306b\u5fdc\u3058\u3066\u9069\u5207\u306a\u6307\u6a19\u3092\u9078\u629e\u3057\u3001\u7dcf\u5408\u7684\u306b\u4f01\u696d\u306e\u8ca1\u52d9\u72b6\u6cc1\u3092\u8a55\u4fa1\u3059\u308b\u3053\u3068\u304c\u91cd\u8981\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"has-arkb-anchor-color has-text-color has-link-color wp-elements-7adf59facbdf3bdab13407a8c5bd4456\">\u25b7\u95a2\u9023\uff1a<a href=\"https:\/\/mitsukijapan.com\/ma\/column\/definition-of-free-cash-flow\/\">\u30d5\u30ea\u30fc\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u3068\u306f\uff1f\u8a08\u7b97\u5f0f\u30fb\u30de\u30a4\u30ca\u30b9\u306e\u610f\u5473\u30fbDCF\u4f01\u696d\u4fa1\u5024<\/a><\/p>\n\n\n\n<h2 id=\"arkb-toc-13\" class=\"wp-block-heading\">EBITDA\u306e\u6d3b\u7528\u4f8b<\/h2>\n\n\n\n<p>EBITDA\u306f\u3001\u69d8\u3005\u306a\u5834\u9762\u3067\u6d3b\u7528\u3055\u308c\u3066\u3044\u307e\u3059\u3002\u3053\u3053\u3067\u306f\u3001\u4e3b\u306a\u6d3b\u7528\u4f8b\u306b\u3064\u3044\u3066\u8aac\u660e\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<h3 id=\"arkb-toc-14\" class=\"wp-block-heading\">M&amp;A\u306b\u304a\u3051\u308b\u4f01\u696d\u4fa1\u5024\u8a55\u4fa1<\/h3>\n\n\n\n<p>M&amp;A\u306e\u5834\u9762\u3067\u306f\u3001EBITDA\u3092\u7528\u3044\u3066\u5bfe\u8c61\u4f01\u696d\u306e\u4fa1\u5024\u3092\u8a55\u4fa1\u3059\u308b\u3053\u3068\u304c\u3042\u308a\u307e\u3059\u3002\u7279\u306b\u3001\u985e\u4f3c\u4f1a\u793e\u6bd4\u8f03\u6cd5\uff08\u30de\u30eb\u30c1\u30d7\u30eb\u6cd5\uff09\u306b\u304a\u3044\u3066\u3001EV\/EBITDA\u500d\u7387\u3092\u7528\u3044\u3066\u3001\u8cb7\u53ce\u4fa1\u683c\u306e\u59a5\u5f53\u6027\u3092\u5224\u65ad\u3059\u308b\u3053\u3068\u304c\u4e00\u822c\u7684\u3067\u3059\u3002\u4f8b\u3048\u3070\u3001\u540c\u696d\u4ed6\u793e\u306eEV\/EBITDA\u500d\u7387\u304c\u5e73\u57476\u500d\u3067\u3001\u5bfe\u8c61\u4f01\u696d\u306eEBITDA\u304c5\u5104\u5186\u306e\u5834\u5408\u3001\u4f01\u696d\u4fa1\u5024\u306e\u76ee\u5b89\u306f30\u5104\u5186\uff085\u5104\u5186 \u00d7 6\u500d\uff09\u3068\u306a\u308a\u307e\u3059\u3002\u3053\u306e\u6307\u6a19\u3092\u7528\u3044\u308b\u3053\u3068\u3067\u3001\u696d\u7a2e\u3084\u898f\u6a21\u306e\u7570\u306a\u308b\u4f01\u696d\u9593\u3067\u3082\u6bd4\u8f03\u304c\u53ef\u80fd\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"has-arkb-anchor-color has-text-color has-link-color wp-elements-83a3fe56647fa37e43b31ddc28237b2e\">\u25b7\u95a2\u9023\uff1a<a href=\"https:\/\/mitsukijapan.com\/ma\/column\/comparablecompaniescomparison\/\">\u985e\u4f3c\u4f1a\u793e\u6bd4\u8f03\u6cd5\u3068\u306f\uff1f EBITDA\u30de\u30eb\u30c1\u30d7\u30eb\u306b\u3088\u308b\u4f01\u696d\u4fa1\u5024\u306e\u8a08\u7b97\u5f0f<\/a><\/p>\n\n\n\n<h3 id=\"arkb-toc-15\" class=\"wp-block-heading\">\u6295\u8cc7\u5224\u65ad\u306e\u6750\u6599<\/h3>\n\n\n\n<p>\u6295\u8cc7\u5bb6\u3084\u91d1\u878d\u6a5f\u95a2\u306f\u3001EBITDA\u3092\u4f01\u696d\u306e\u53ce\u76ca\u529b\u3092\u8a55\u4fa1\u3059\u308b\u6307\u6a19\u3068\u3057\u3066\u6d3b\u7528\u3057\u307e\u3059\u3002\u7279\u306b\u3001\u4ee5\u4e0b\u306e\u3088\u3046\u306a\u5834\u9762\u3067\u6709\u7528\u3067\u3059\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u6210\u9577\u4f01\u696d\u306e\u8a55\u4fa1\uff1a\u8a2d\u5099\u6295\u8cc7\u304c\u591a\u3044\u6210\u9577\u4f01\u696d\u306e\u53ce\u76ca\u529b\u3092\u8a55\u4fa1\u3059\u308b\u969b\u3001\u6e1b\u4fa1\u511f\u5374\u8cbb\u306e\u5f71\u97ff\u3092\u9664\u5916\u3057\u305fEBITDA\u304c\u6709\u52b9\u3067\u3059\u3002<\/li>\n\n\n\n<li>\u696d\u754c\u6bd4\u8f03\uff1a\u540c\u696d\u4ed6\u793e\u3068\u306eEBITDA\u30de\u30fc\u30b8\u30f3\u306e\u6bd4\u8f03\u306b\u3088\u308a\u3001\u76f8\u5bfe\u7684\u306a\u53ce\u76ca\u529b\u3092\u628a\u63e1\u3067\u304d\u307e\u3059\u3002<\/li>\n\n\n\n<li>\u30c8\u30ec\u30f3\u30c9\u5206\u6790\uff1a\u7d4c\u5e74\u3067\u306eEBITDA\u306e\u63a8\u79fb\u3092\u898b\u308b\u3053\u3068\u3067\u3001\u4f01\u696d\u306e\u6210\u9577\u6027\u3084\u53ce\u76ca\u529b\u306e\u5909\u5316\u3092\u5206\u6790\u3067\u304d\u307e\u3059\u3002<\/li>\n<\/ul>\n\n\n\n<h3 id=\"arkb-toc-16\" class=\"wp-block-heading\">\u8ca1\u52d9\u6307\u6a19\u3068\u3057\u3066\u306e\u6d3b\u7528<\/h3>\n\n\n\n<p>EBITDA\u306f\u3001\u4f01\u696d\u306e\u8ca1\u52d9\u72b6\u6cc1\u3092\u8a55\u4fa1\u3059\u308b\u6307\u6a19\u3068\u3057\u3066\u3082\u6d3b\u7528\u3055\u308c\u307e\u3059\u3002\u7279\u306b\u4ee5\u4e0b\u306e\u3088\u3046\u306a\u6307\u6a19\u304c\u7528\u3044\u3089\u308c\u307e\u3059\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">EBITDA\u30de\u30fc\u30b8\u30f3<\/h4>\n\n\n\n<p>EBITDA\u30de\u30fc\u30b8\u30f3 = EBITDA \u00f7 \u58f2\u4e0a\u9ad8 \u00d7 100\u3053\u306e\u6307\u6a19\u304c\u9ad8\u3044\u307b\u3069\u3001\u58f2\u4e0a\u306b\u5bfe\u3059\u308b\u53ce\u76ca\u6027\u304c\u9ad8\u3044\u3068\u5224\u65ad\u3067\u304d\u307e\u3059\u3002\u696d\u754c\u5e73\u5747\u3084\u7af6\u5408\u4ed6\u793e\u3068\u6bd4\u8f03\u3059\u308b\u3053\u3068\u3067\u3001\u81ea\u793e\u306e\u53ce\u76ca\u6027\u306e\u4f4d\u7f6e\u3065\u3051\u3092\u628a\u63e1\u3067\u304d\u307e\u3059\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">\u6709\u5229\u5b50\u8ca0\u50b5\u500d\u7387<\/h4>\n\n\n\n<p>\u6709\u5229\u5b50\u8ca0\u50b5\u500d\u7387 = \u6709\u5229\u5b50\u8ca0\u50b5 \u00f7 EBITDA\u3053\u306e\u6307\u6a19\u306f\u3001\u4f01\u696d\u306e\u50b5\u52d9\u8fd4\u6e08\u80fd\u529b\u3092\u793a\u3057\u307e\u3059\u3002\u6570\u5024\u304c\u4f4e\u3044\u307b\u3069\u3001\u50b5\u52d9\u8fd4\u6e08\u80fd\u529b\u304c\u9ad8\u3044\u3068\u5224\u65ad\u3055\u308c\u307e\u3059\u3002\u4e00\u822c\u7684\u306b\u30013\u500d\u4ee5\u4e0b\u304c\u671b\u307e\u3057\u3044\u3068\u3055\u308c\u3066\u3044\u307e\u3059\u304c\u3001\u696d\u7a2e\u306b\u3088\u3063\u3066\u9069\u6b63\u306a\u6c34\u6e96\u306f\u7570\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"has-arkb-anchor-color has-text-color has-link-color wp-elements-3a5bccb301ac20a6630527d81a3c7d35\">\u25b7\u95a2\u9023\uff1a<a href=\"https:\/\/mitsukijapan.com\/ma\/column\/thorough-explanation-of-debt\/\">\u8ca0\u50b5\u6bd4\u7387\u3068\u306f\uff1f\u696d\u7a2e\u5225\u306e\u5e73\u5747\u30fb\u8a08\u7b97\u5f0f\u30fb\u9069\u6b63\u306a\u76ee\u5b89\u30fbM&amp;A\u3078\u306e\u5f71\u97ff<\/a><\/p>\n\n\n\n<h3 id=\"arkb-toc-17\" class=\"wp-block-heading\">\u7d4c\u55b6\u7ba1\u7406\u30c4\u30fc\u30eb\u3068\u3057\u3066\u306e\u6d3b\u7528<\/h3>\n\n\n\n<p>\u7d4c\u55b6\u8005\u306b\u3068\u3063\u3066\u3001EBITDA\u306f\u4ee5\u4e0b\u306e\u3088\u3046\u306a\u5834\u9762\u3067\u6d3b\u7528\u3067\u304d\u307e\u3059\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u4e8b\u696d\u90e8\u9580\u306e\u8a55\u4fa1\uff1a\u5404\u4e8b\u696d\u90e8\u9580\u306eEBITDA\u3092\u6bd4\u8f03\u3059\u308b\u3053\u3068\u3067\u3001\u53ce\u76ca\u6027\u306e\u9ad8\u3044\u90e8\u9580\u3092\u7279\u5b9a\u3057\u3001\u7d4c\u55b6\u8cc7\u6e90\u306e\u6700\u9069\u914d\u5206\u306b\u5f79\u7acb\u3066\u3089\u308c\u307e\u3059\u3002<\/li>\n\n\n\n<li>\u4e2d\u671f\u7d4c\u55b6\u8a08\u753b\u306e\u7b56\u5b9a\uff1aEBITDA\u306e\u76ee\u6a19\u5024\u3092\u8a2d\u5b9a\u3057\u3001\u305d\u306e\u9054\u6210\u306b\u5411\u3051\u305f\u65bd\u7b56\u3092\u691c\u8a0e\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002<\/li>\n\n\n\n<li>\u30b3\u30b9\u30c8\u7ba1\u7406\uff1aEBITDA\u306e\u63a8\u79fb\u3092\u76e3\u8996\u3059\u308b\u3053\u3068\u3067\u3001\u30b3\u30b9\u30c8\u524a\u6e1b\u306e\u52b9\u679c\u3092\u53ef\u8996\u5316\u3067\u304d\u307e\u3059\u3002<\/li>\n<\/ul>\n\n\n\n<h3 id=\"arkb-toc-18\" class=\"wp-block-heading\">\u50b5\u52d9\u5951\u7d04\uff08\u30b3\u30d9\u30ca\u30f3\u30c4\uff09\u3067\u306e\u6d3b\u7528<\/h3>\n\n\n\n<p>\u91d1\u878d\u6a5f\u95a2\u3068\u306e\u878d\u8cc7\u5951\u7d04\u306b\u304a\u3044\u3066\u3001EBITDA\u3092\u7528\u3044\u305f\u30b3\u30d9\u30ca\u30f3\u30c4\uff08\u8ca1\u52d9\u5236\u9650\u6761\u9805\uff09\u304c\u8a2d\u5b9a\u3055\u308c\u308b\u3053\u3068\u304c\u3042\u308a\u307e\u3059\u3002\u4f8b\u3048\u3070\u3001\u4ee5\u4e0b\u306e\u3088\u3046\u306a\u6761\u9805\u304c\u8003\u3048\u3089\u308c\u307e\u3059\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>EBITDA\u6709\u5229\u5b50\u8ca0\u50b5\u500d\u7387\u304c\u4e00\u5b9a\u5024\u3092\u8d85\u3048\u306a\u3044\u3053\u3068<\/li>\n\n\n\n<li>EBITDA\u304c\u4e00\u5b9a\u984d\u4ee5\u4e0a\u3092\u7dad\u6301\u3059\u308b\u3053\u3068<\/li>\n<\/ul>\n\n\n\n<p>\u3053\u308c\u3089\u306e\u6761\u9805\u3092\u8a2d\u3051\u308b\u3053\u3068\u3067\u3001\u4f01\u696d\u306e\u8ca1\u52d9\u5065\u5168\u6027\u3092\u7dad\u6301\u3057\u3001\u50b5\u6a29\u8005\u306e\u5229\u76ca\u3092\u4fdd\u8b77\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002<\/p>\n\n\n\n<h3 id=\"arkb-toc-19\" class=\"wp-block-heading\">EBITDA\u3092\u6d3b\u7528\u3059\u308b\u969b\u306e\u6ce8\u610f\u70b9<\/h3>\n\n\n\n<p>EBITDA\u306f\u6709\u7528\u306a\u6307\u6a19\u3067\u3059\u304c\u3001\u6d3b\u7528\u3059\u308b\u969b\u306b\u306f\u4ee5\u4e0b\u306e\u70b9\u306b\u6ce8\u610f\u304c\u5fc5\u8981\u3067\u3059\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u4ed6\u306e\u6307\u6a19\u3068\u306e\u4f75\u7528<\/strong>\uff1aEBITDA\u3060\u3051\u3067\u306a\u304f\u3001\u55b6\u696d\u5229\u76ca\u3001\u5f53\u671f\u7d14\u5229\u76ca\u3001\u30d5\u30ea\u30fc\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306a\u3069\u3001\u4ed6\u306e\u6307\u6a19\u3082\u4f75\u305b\u3066\u8a55\u4fa1\u3059\u308b\u3053\u3068\u304c\u91cd\u8981\u3067\u3059\u3002\u3053\u308c\u306b\u3088\u308a\u3001\u4f01\u696d\u306e\u8ca1\u52d9\u72b6\u6cc1\u3092\u3088\u308a\u591a\u89d2\u7684\u306b\u5206\u6790\u3067\u304d\u307e\u3059\u3002<\/li>\n\n\n\n<li><strong>\u696d\u7a2e\u7279\u6027\u306e\u8003\u616e<\/strong>\uff1aEBITDA\u306e\u9069\u5207\u306a\u6c34\u6e96\u306f\u696d\u7a2e\u306b\u3088\u3063\u3066\u7570\u306a\u308a\u307e\u3059\u3002\u4f8b\u3048\u3070\u3001\u8a2d\u5099\u6295\u8cc7\u306e\u591a\u3044\u88fd\u9020\u696d\u3068\u3001\u4eba\u4ef6\u8cbb\u6bd4\u7387\u306e\u9ad8\u3044\u30b5\u30fc\u30d3\u30b9\u696d\u3067\u306f\u3001EBITDA\u306e\u89e3\u91c8\u304c\u7570\u306a\u308b\u5834\u5408\u304c\u3042\u308a\u307e\u3059\u3002\u696d\u754c\u5e73\u5747\u3084\u7af6\u5408\u4ed6\u793e\u3068\u306e\u6bd4\u8f03\u304c\u91cd\u8981\u3067\u3059\u3002<\/li>\n\n\n\n<li><strong>\u4f1a\u8a08\u51e6\u7406\u306e\u9055\u3044\u3078\u306e\u6ce8\u610f<\/strong>\uff1a\u56fd\u3084\u4f01\u696d\u306b\u3088\u3063\u3066\u4f1a\u8a08\u57fa\u6e96\u304c\u7570\u306a\u308b\u5834\u5408\u304c\u3042\u308a\u307e\u3059\u3002\u7279\u306b\u56fd\u969b\u6bd4\u8f03\u3092\u884c\u3046\u969b\u306f\u3001\u4f1a\u8a08\u51e6\u7406\u306e\u9055\u3044\u306b\u6ce8\u610f\u304c\u5fc5\u8981\u3067\u3059\u3002<\/li>\n\n\n\n<li><strong>\u4e00\u6642\u7684\u306a\u8981\u56e0\u306e\u8003\u616e<\/strong>\uff1a\u7279\u5225\u640d\u76ca\u3084\u4e00\u6642\u7684\u306a\u53ce\u76ca\u30fb\u8cbb\u7528\u304cEBITDA\u306b\u5927\u304d\u306a\u5f71\u97ff\u3092\u4e0e\u3048\u308b\u5834\u5408\u304c\u3042\u308a\u307e\u3059\u3002\u3053\u308c\u3089\u306e\u8981\u56e0\u3092\u9069\u5207\u306b\u8abf\u6574\u3057\u3001\u901a\u5e38\u306e\u4e8b\u696d\u6d3b\u52d5\u306b\u3088\u308b\u53ce\u76ca\u529b\u3092\u6b63\u78ba\u306b\u628a\u63e1\u3059\u308b\u3053\u3068\u304c\u91cd\u8981\u3067\u3059\u3002<\/li>\n\n\n\n<li><strong>\u6210\u9577\u6295\u8cc7\u306e\u8a55\u4fa1<\/strong>\uff1aEBITDA\u306f\u6e1b\u4fa1\u511f\u5374\u8cbb\u3092\u52a0\u7b97\u3059\u308b\u305f\u3081\u3001\u904e\u5270\u306a\u8a2d\u5099\u6295\u8cc7\u306b\u3088\u308b\u5f71\u97ff\u304c\u898b\u3048\u306b\u304f\u304f\u306a\u308b\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u3002\u6210\u9577\u6295\u8cc7\u306e\u59a5\u5f53\u6027\u306b\u3064\u3044\u3066\u306f\u3001\u5225\u9014\u8a55\u4fa1\u3059\u308b\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002<\/li>\n<\/ul>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/mitsukijapan.com\/ma\/valuations\/\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" width=\"400\" height=\"300\" src=\"https:\/\/mitsukijapan.com\/ma\/wp-content\/uploads\/Frame-4.jpg\" alt=\"\" class=\"wp-image-3067\"\/><\/a><\/figure>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/mitsukijapan.com\/ma\/lp\/01\/\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" width=\"400\" height=\"300\" src=\"https:\/\/mitsukijapan.com\/ma\/wp-content\/uploads\/Frame-3.jpg\" alt=\"\" class=\"wp-image-3068\"\/><\/a><\/figure>\n<\/div>\n<\/div>\n\n\n\n<h2 id=\"arkb-toc-20\" class=\"wp-block-heading\">EBITDA\u306e\u307e\u3068\u3081<\/h2>\n\n\n\n<p>EBITDA\u306f\u3001\u511f\u5374\u524d\u55b6\u696d\u5229\u76ca\u3092\u793a\u3059\u6307\u6a19\u3067\u3001M&amp;A\u306b\u304a\u3051\u308b\u4f01\u696d\u4fa1\u5024\u8a55\u4fa1\u3067\u5e83\u304f\u6d3b\u7528\u3055\u308c\u3066\u3044\u307e\u3059\u3002EV\/EBITDA\u500d\u7387\u306b\u3088\u308b\u4fa1\u5024\u7b97\u5b9a\u3001\u56fd\u969b\u6bd4\u8f03\u3084\u7570\u696d\u7a2e\u6bd4\u8f03\u304c\u53ef\u80fd\u306a\u70b9\u304c\u7279\u5fb4\u3067\u3059\u3002\u305f\u3060\u3057\u3001\u55b6\u696d\u5229\u76ca\u3084\u30d5\u30ea\u30fc\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306a\u3069\u4ed6\u306e\u8ca1\u52d9\u6307\u6a19\u3068\u4f75\u305b\u3066\u7dcf\u5408\u7684\u306b\u8a55\u4fa1\u3059\u308b\u3053\u3068\u304c\u91cd\u8981\u3067\u3059\u3002<\/p>\n\n\n\n<p>\u307f\u3064\u304d\u30b3\u30f3\u30b5\u30eb\u30c6\u30a3\u30f3\u30b0\u306f\u3001\u7a0e\u7406\u58eb\u6cd5\u4eba\u30b0\u30eb\u30fc\u30d7\u306eM&amp;A\u4ef2\u4ecb\u4f1a\u793e\u3068\u3057\u3066\u3001\u4e2d\u5c0f\u4f01\u696dM&amp;A\u306b\u7279\u5316\u3057\u305f\u8c4a\u5bcc\u306a\u5b9f\u7e3e\u3092\u6301\u3064\u30a2\u30c9\u30d0\u30a4\u30b6\u30fc\u304c\u591a\u6570\u5728\u7c4d\u3057\u3066\u3044\u307e\u3059\u3002\u4e8b\u696d\u627f\u7d99\u5168\u822c\u306b\u3064\u3044\u3066\u8907\u6570\u306e\u9078\u629e\u80a2\u3092\u6bd4\u8f03\u63d0\u6848\u3057\u307e\u3059\u3002M&amp;A\u3092\u3054\u691c\u8a0e\u306e\u969b\u306f\u3001\u3054\u76f8\u8ac7\u304f\u3060\u3055\u3044\u3002<\/p>\n\n\n\n<p class=\"has-arkb-anchor-color has-text-color has-link-color wp-elements-35d6ba0785dbc0629f8ad4f810c4ee46\"><a href=\"https:\/\/mitsukijapan.com\/ma\/lp\/01\/\" target=\"_blank\" rel=\"noreferrer noopener\"><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-arkb-anchor-color\">\u5b8c\u5168\u6210\u529f\u5831\u916c\u306eM&amp;A\u4ef2\u4ecb\u4f1a\u793e\u306a\u3089\u3001\u307f\u3064\u304d\u30b3\u30f3\u30b5\u30eb\u30c6\u30a3\u30f3\u30b0\u3078 \uff1e<\/mark><\/a><\/p>\n\n\n<div class=\"cta-btns\">\n    <div class=\"contact-btn\">\n        <div class=\"micro-copy\">\u3054\u8b72\u6e21\u3092\u691c\u8a0e\u3055\u308c\u308b\u65b9<\/div>\n        <a href=\"\/ma\/contact\/\">\u4eca\u3059\u3050\u7121\u6599\u76f8\u8ac7\u3059\u308b<\/a>\n    <\/div>\n    <div>\n        <div class=\"download-btn\">\n            <div class=\"micro-copy\">M&#038;A\u306e\u91cd\u8981\u30dd\u30a4\u30f3\u30c8\u8cc7\u6599<\/div>\n            <a href=\"\/ma\/document-request\/\">\u7121\u6599\u3067\u30c0\u30a6\u30f3\u30ed\u30fc\u30c9\u3059\u308b<\/a>\n        <\/div>\n    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