{"id":1892,"date":"2025-07-13T11:16:06","date_gmt":"2025-07-13T02:16:06","guid":{"rendered":"https:\/\/mitsukijapan.com\/ma\/?post_type=column&#038;p=1892"},"modified":"2025-07-29T11:41:27","modified_gmt":"2025-07-29T02:41:27","slug":"thorough-explanation-of-the-market-and-price-of-selling-a-business","status":"publish","type":"column","link":"https:\/\/mitsukijapan.com\/ma\/column\/thorough-explanation-of-the-market-and-price-of-selling-a-business\/","title":{"rendered":"\u4e8b\u696d\u58f2\u5374\u306e\u76f8\u5834\u306f\uff1f\u91d1\u984d\u306e\u6c7a\u307e\u308a\u65b9\u30fb\u4fa1\u683c\u8a08\u7b97\u65b9\u6cd5\u30fb\u4ea4\u6e09\u30dd\u30a4\u30f3\u30c8"},"content":{"rendered":"\n<p>\u4e8b\u696d\u627f\u7d99\u306e\u65b9\u6cd5\u3068\u3057\u3066\u3001\u4e8b\u696d\u58f2\u5374\u3068\u3044\u3046\u65b9\u6cd5\u304c\u3042\u308a\u307e\u3059\u3002\u4e8b\u696d\u58f2\u5374\u3092\u884c\u3046\u5834\u5408\u306b\u306f\u3001\u4e8b\u696d\u58f2\u5374\u306e\u76f8\u5834\u3092\u8003\u616e\u3059\u308b\u5fc5\u8981\u304c\u3042\u308b\u3067\u3057\u3087\u3046\u3002\u3053\u306e\u8a18\u4e8b\u3067\u306f\u3001\u4e8b\u696d\u58f2\u5374\u306e\u76f8\u5834\u306e\u628a\u63e1\u65b9\u6cd5\u3001\u7b97\u51fa\u65b9\u6cd5\u306a\u3069\u306b\u3064\u3044\u3066\u89e3\u8aac\u3057\u307e\u3059\u3002\u4e8b\u696d\u4fa1\u683c\u3092\u6c7a\u3081\u308b\u91cd\u8981\u8981\u7d20\u3001\u9ad8\u304f\u3059\u308b\u30dd\u30a4\u30f3\u30c8\u306a\u3069\u3082\u89e3\u8aac\u3059\u308b\u306e\u3067\u3001\u53c2\u8003\u306b\u3057\u3066\u304f\u3060\u3055\u3044\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\">\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\">\u4e8b\u696d\u58f2\u5374\u3068\u306f&nbsp;&nbsp;<\/a><ol class=\"ark-block-toc__list\" data-level=\"3\"><li><a href=\"#arkb-toc-1\" class=\"ark-block-toc__link\">\u4f1a\u793e\u58f2\u5374\u3068\u306e\u9055\u3044<\/a><\/li><\/ol><\/li><li><a href=\"#arkb-toc-2\" class=\"ark-block-toc__link\">\u4e8b\u696d\u58f2\u5374\u306e\u4fa1\u683c\u306e\u6c7a\u307e\u308a\u65b9<\/a><ol class=\"ark-block-toc__list\" data-level=\"3\"><li><a href=\"#arkb-toc-3\" class=\"ark-block-toc__link\">\u4e8b\u696d\u58f2\u5374\u306e\u76f8\u5834\u306f\u5e74\u8cb7\u6cd5\u3067\u628a\u63e1\u3059\u308b\u3053\u3068\u304c\u591a\u3044<\/a><\/li><li><a href=\"#arkb-toc-4\" class=\"ark-block-toc__link\">\u5b9f\u969b\u306e\u4fa1\u683c\u306f\u4ea4\u6e09\u3067\u6c7a\u307e\u308b<\/a><\/li><\/ol><\/li><li><a href=\"#arkb-toc-5\" class=\"ark-block-toc__link\">\u4e8b\u696d\u58f2\u5374\u306e\u4fa1\u683c\u306e\u7b97\u5b9a\u65b9\u6cd5<\/a><ol class=\"ark-block-toc__list\" data-level=\"3\"><li><a href=\"#arkb-toc-6\" class=\"ark-block-toc__link\">\u5e74\u8cb7\u6cd5<\/a><\/li><li><a href=\"#arkb-toc-7\" class=\"ark-block-toc__link\">DCF\u6cd5<\/a><\/li><li><a href=\"#arkb-toc-8\" class=\"ark-block-toc__link\">\u6642\u4fa1\u7d14\u8cc7\u7523\u6cd5<\/a><\/li><li><a href=\"#arkb-toc-9\" class=\"ark-block-toc__link\">\u985e\u4f3c\u4f1a\u793e\u6bd4\u8f03\u6cd5<\/a><\/li><\/ol><\/li><li><a href=\"#arkb-toc-10\" class=\"ark-block-toc__link\">\u4e8b\u696d\u58f2\u5374\u306e\u4fa1\u683c\u3092\u4e0a\u3052\u308b\u305f\u3081\u306e\u4ea4\u6e09\u30dd\u30a4\u30f3\u30c8<\/a><ol class=\"ark-block-toc__list\" data-level=\"3\"><li><a href=\"#arkb-toc-11\" class=\"ark-block-toc__link\">\u4e8b\u696d\u306e\u8cc7\u7523\u4fa1\u5024\u3092\u660e\u78ba\u306b\u628a\u63e1\u3057\u3066\u304a\u304f<\/a><\/li><li><a href=\"#arkb-toc-12\" class=\"ark-block-toc__link\">\u4e8b\u696d\u3092\u6b63\u3057\u304f\u8a55\u4fa1\u3057\u3066\u304f\u308c\u308b\u8b72\u53d7\u4f01\u696d\u3092\u898b\u3064\u3051\u308b<\/a><\/li><li><a href=\"#arkb-toc-13\" class=\"ark-block-toc__link\">\u4ea4\u6e09\u4f01\u696d\u3068\u306e\u4fe1\u983c\u95a2\u4fc2\u3092\u7bc9\u304f\u52aa\u529b\u3092\u3059\u308b&nbsp;<\/a><\/li><\/ol><\/li><li><a href=\"#arkb-toc-14\" class=\"ark-block-toc__link\">\u4e8b\u696d\u58f2\u5374\u306e\u4fa1\u683c\u304c\u6c7a\u307e\u308b\u307e\u3067\u306e\u6d41\u308c<\/a><\/li><li><a href=\"#arkb-toc-15\" class=\"ark-block-toc__link\">\u4e8b\u696d\u58f2\u5374\u306e\u30e1\u30ea\u30c3\u30c8\u30fb\u30c7\u30e1\u30ea\u30c3\u30c8<\/a><ol class=\"ark-block-toc__list\" data-level=\"3\"><li><a href=\"#arkb-toc-16\" class=\"ark-block-toc__link\">\u4e8b\u696d\u58f2\u5374\u3067\u306e\u6ce8\u610f\u70b9<\/a><\/li><\/ol><\/li><li><a href=\"#arkb-toc-17\" class=\"ark-block-toc__link\">\u4e8b\u696d\u58f2\u5374\u306e\u4f1a\u8a08\u51e6\u7406\u30fb\u7a0e\u52d9<\/a><ol class=\"ark-block-toc__list\" data-level=\"3\"><li><a href=\"#arkb-toc-18\" class=\"ark-block-toc__link\">\u8b72\u6e21\u4f01\u696d\u306e\u4ed5\u8a33\u4f8b<\/a><\/li><li><a href=\"#arkb-toc-19\" class=\"ark-block-toc__link\">\u8b72\u53d7\u4f01\u696d\u306e\u4ed5\u8a33\u4f8b<\/a><\/li><li><a href=\"#arkb-toc-20\" class=\"ark-block-toc__link\">\u4e8b\u696d\u58f2\u5374\u3067\u751f\u3058\u308b\u6cd5\u4eba\u7a0e<\/a><\/li><\/ol><\/li><li><a href=\"#arkb-toc-21\" class=\"ark-block-toc__link\">\u4e8b\u696d\u58f2\u5374\u306e\u4fa1\u683c\u306e\u4e8b\u4f8b<\/a><\/li><li><a href=\"#arkb-toc-22\" class=\"ark-block-toc__link\">\u4e8b\u696d\u58f2\u5374\u306e\u76f8\u5834\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<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" width=\"967\" height=\"535\" src=\"https:\/\/mitsukijapan.com\/ma\/wp-content\/uploads\/\u4e8b\u696d\u58f2\u5374\u306e\u4fa1\u683c\u76f8\u5834.webp\" alt=\"\u4e8b\u696d\u58f2\u5374\u306e\u4fa1\u683c\u76f8\u5834\u304c\u6c7a\u307e\u308b\u8981\u7d20-\u5e02\u5834\u3067\u306e\u9ad8\u3044\u7af6\u4e89\u512a\u4f4d\u6027\u3001\u5c06\u6765\u7684\u306a\u6210\u9577\u6027\u30fb\u62e1\u5f35\u6027\u3001\u72ec\u81ea\u306e\u6280\u8853\u30fb\u7279\u8a31\u3001\u512a\u79c0\u306a\u4eba\u6750\u306e\u5b58\u5728\u3001\u4fe1\u983c\u95a2\u4fc2\u306e\u9ad8\u3044\u53d6\u5f15\u5148\u30fb\u9867\u5ba2\u3001\u4f01\u696d\u7406\u5ff5\u30fb\u6587\u5316\u306e\u5171\u901a\u70b9\u3001\u5c06\u6765\u7684\u306a\u5229\u76ca\u306e\u898b\u8fbc\u307f\u3001\u4e8b\u696d\u306e\u9ad8\u3044\u72ec\u7acb\u6027\u3001\u6cd5\u7684\u6a29\u5229\u3084\u8a31\u8a8d\u53ef\u306e\u6574\u5099\u3001\u5c06\u6765\u306e\u4fc2\u4e89\u30ea\u30b9\u30af\u306e\u4f4e\u3055\" class=\"wp-image-6295\" srcset=\"https:\/\/mitsukijapan.com\/ma\/wp-content\/uploads\/\u4e8b\u696d\u58f2\u5374\u306e\u4fa1\u683c\u76f8\u5834.webp 967w, https:\/\/mitsukijapan.com\/ma\/wp-content\/uploads\/\u4e8b\u696d\u58f2\u5374\u306e\u4fa1\u683c\u76f8\u5834-640x354.webp 640w, https:\/\/mitsukijapan.com\/ma\/wp-content\/uploads\/\u4e8b\u696d\u58f2\u5374\u306e\u4fa1\u683c\u76f8\u5834-768x425.webp 768w\" sizes=\"(max-width: 967px) 100vw, 967px\" \/><\/figure>\n<\/div>\n\n\n<p class=\"has-vivid-cyan-blue-color has-text-color has-link-color wp-elements-7d4ee0846644a8b9c29a42b480b94ce1\">\u25b7\u95a2\u9023\uff1a<a href=\"https:\/\/mitsukijapan.com\/ma\/column\/who-should-i-consult-about-ma\/\">\u4e2d\u5c0f\u4f01\u696dM&amp;A\u306e\u76f8\u8ac7\u5148\u30e9\u30f3\u30ad\u30f3\u30b0\uff5c\u9280\u884c\u30fb\u7a0e\u7406\u58eb\u30fb\u4ef2\u4ecb\u4f1a\u793e\u306e\u9055\u3044<\/a><\/p>\n\n\n\n<h2 id=\"arkb-toc-0\" class=\"wp-block-heading\">\u4e8b\u696d\u58f2\u5374\u3068\u306f&nbsp;&nbsp;<\/h2>\n\n\n\n<p>\u4e8b\u696d\u58f2\u5374\u3068\u306f\u3001\u4e8b\u696d\u306e\u4e00\u90e8\u307e\u305f\u306f\u8b72\u6e21\u3059\u308b\u3053\u3068\u3067\u3001\u4e8b\u696d\u8b72\u6e21\u3068\u540c\u7fa9\u306b\u306a\u308a\u307e\u3059\u3002\u58f2\u5374\u76ca\u3092\u5f97\u305f\u3044\u5834\u5408\u3084\u4e8b\u696d\u306e\u6574\u7406\u3092\u3057\u305f\u3044\u5834\u5408\u3001\u4e8b\u696d\u627f\u7d99\u306b\u3088\u308b\u5ec3\u696d\u56de\u907f\u3092\u56f3\u308a\u305f\u3044\u5834\u5408\u306a\u3069\u306b\u7528\u3044\u3089\u308c\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u306a\u304a\u3001\u300c\u4e8b\u696d\u58f2\u5374\u300d\u306b\u660e\u78ba\u306a\u5b9a\u7fa9\u306f\u306a\u3044\u305f\u3081\u3001\u6587\u8108\u306b\u3088\u3063\u3066\u306f\u682a\u5f0f\u8b72\u6e21\uff08\u5f8c\u8ff0\u3059\u308b\u4f1a\u793e\u58f2\u5374\u3068\u540c\u7fa9\uff09\u306e\u610f\u5473\u3068\u3057\u3066\u7528\u3044\u3089\u308c\u308b\u3053\u3068\u304c\u3042\u308b\u304b\u3082\u3057\u308c\u307e\u305b\u3093\u304c\u3001\u672c\u7a3f\u3067\u306f\uff08\u682a\u5f0f\u8b72\u6e21\u3068\u306f\u7570\u306a\u308b\uff09\u4e8b\u696d\u8b72\u6e21\u3092\u610f\u5473\u3059\u308b\u3082\u306e\u3068\u3057\u3066\u8aac\u660e\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"has-vivid-cyan-blue-color has-text-color has-link-color wp-elements-716f82a0e9ac85f9236625c7f58b311d\">\u25b7\u95a2\u9023\uff1a<a href=\"https:\/\/mitsukijapan.com\/ma\/column\/business-transfer-procedures\/\">\u4e8b\u696d\u8b72\u6e21\u3068\u306f\uff1fM&amp;A\u30fb\u4e8b\u696d\u627f\u7d99\u3068\u306e\u9055\u3044\u3001\u30e1\u30ea\u30c3\u30c8\u30fb\u624b\u7d9a\u30fb\u7a0e\u91d1<\/a><\/p>\n\n\n\n<h3 id=\"arkb-toc-1\" class=\"wp-block-heading\">\u4f1a\u793e\u58f2\u5374\u3068\u306e\u9055\u3044<\/h3>\n\n\n\n<p>\u4f1a\u793e\u58f2\u5374\u3068\u306f\u3001\u4f1a\u793e\u3092\u4e38\u3054\u3068\u7b2c\u4e09\u8005\u306b\u58f2\u5374\u3059\u308b\u53d6\u5f15\u3067\u3059\u3002\u4f1a\u793e\u58f2\u5374\u3067\u306f\u682a\u5f0f\u304c\u58f2\u5374\u3055\u308c\u308b\u70b9\u304c\u3001\u4e8b\u696d\u58f2\u5374\u3068\u306f\u7570\u306a\u308a\u307e\u3059\u3002\u307e\u305f\u3001\u4f1a\u793e\u58f2\u5374\u306b\u304a\u3044\u3066\u306f\u3001\u6240\u5f97\u7a0e\u30fb\u4f4f\u6c11\u7a0e\u30fb\u5fa9\u8208\u7279\u5225\u6240\u5f97\u7a0e\u3068\u3044\u3063\u305f\u7a0e\u91d1\u304c\u304b\u304b\u308a\u307e\u3059\u3002\u4e8b\u696d\u58f2\u5374\u3067\u306f\u58f2\u5374\u5074\u306b\u6cd5\u4eba\u7a0e\u304c\u304b\u304b\u308b\u307b\u304b\u3001\u8b72\u53d7\u5074\u306b\u6d88\u8cbb\u7a0e\u304c\u304b\u304b\u308b\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"has-vivid-cyan-blue-color has-text-color has-link-color wp-elements-2ddd3c1c467a4b8549847692872a1337\">\u25b7\u95a2\u9023\uff1a<a href=\"https:\/\/mitsukijapan.com\/ma\/column\/what-is-a-stock-transfer-of-a-small-business-confirmation-items-and-advantages-and-disadvantages-explained\/\">\u682a\u5f0f\u8b72\u6e21\u3068\u306f\uff5c\u4e2d\u5c0f\u4f01\u696d\u306e\u4e8b\u696d\u627f\u7d99\u3067\u306e\u5229\u70b9\u3068\u6b20\u70b9\u30fbM&amp;A\u5f8c\u306f\uff1f<\/a><\/p>\n\n\n\n<h2 id=\"arkb-toc-2\" class=\"wp-block-heading\">\u4e8b\u696d\u58f2\u5374\u306e\u4fa1\u683c\u306e\u6c7a\u307e\u308a\u65b9<\/h2>\n\n\n\n<p>\u76f8\u5834\u306f\u3001\u5e02\u5834\u3067\u53d6\u5f15\u3055\u308c\u308b\u5546\u54c1\u3084\u682a\u5f0f\u306a\u3069\u306e\u3001\u305d\u306e\u3068\u304d\u3069\u304d\u306e\u5024\u6bb5\u3092\u6307\u3059\u8a00\u8449\u3067\u3059\u3002\u5e02\u5834\u3067\u306e\u7af6\u4e89\u58f2\u8cb7\u306b\u3088\u3063\u3066\u3001\u3053\u306e\u5024\u6bb5\u306f\u5909\u52d5\u3057\u307e\u3059\u3002M&amp;A\u306b\u304a\u3044\u3066\u306f\u3001\u4e8b\u696d\u58f2\u5374\u3084\u4f1a\u793e\u58f2\u5374\u3092\u3059\u308b\u969b\u306e\u91d1\u984d\u76ee\u5b89\u3092\u6307\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<h3 id=\"arkb-toc-3\" class=\"wp-block-heading\">\u4e8b\u696d\u58f2\u5374\u306e\u76f8\u5834\u306f\u5e74\u8cb7\u6cd5\u3067\u628a\u63e1\u3059\u308b\u3053\u3068\u304c\u591a\u3044<\/h3>\n\n\n\n<p>\u4e8b\u696d\u58f2\u5374\u306e\u76f8\u5834\u306f\u5e74\u8cb7\u6cd5\u3067\u628a\u63e1\u3067\u304d\u307e\u3059\u3002\u307e\u305f\u3001\u682a\u5f0f\u5e02\u5834\u306e\u30c7\u30fc\u30bf\u3092\u3082\u3068\u306b\u76f8\u5834\u3092\u8a08\u7b97\u3059\u308b\u65b9\u6cd5\u3082\u3042\u308a\u307e\u3059\u3002\u4e00\u822c\u7684\u306b\u306f\u3001\u5e74\u8cb7\u6cd5\u306b\u3088\u3063\u3066\u7c21\u6613\u7684\u306b\u8a08\u7b97\u3055\u308c\u307e\u3059\u3002\u682a\u5f0f\u5e02\u5834\u306e\u30c7\u30fc\u30bf\u3092\u3082\u3068\u306b\u8a08\u7b97\u3059\u308b\u3068\u3001\u7d4c\u6e08\u72b6\u6cc1\u306e\u5f71\u97ff\u3092\u53d7\u3051\u3084\u3059\u304f\u3001\u73fe\u5b9f\u3068\u306f\u96e2\u308c\u305f\u984d\u306b\u306a\u308a\u3084\u3059\u3044\u305f\u3081\u3067\u3059\u3002<\/p>\n\n\n\n<h3 id=\"arkb-toc-4\" class=\"wp-block-heading\">\u5b9f\u969b\u306e\u4fa1\u683c\u306f\u4ea4\u6e09\u3067\u6c7a\u307e\u308b<\/h3>\n\n\n\n<p>\u5b9f\u969b\u306e\u4fa1\u683c\u306f\u3001\u8b72\u6e21\u5074\u3068\u8b72\u53d7\u5074\u306e\u4ea4\u6e09\u306b\u3088\u3063\u3066\u6c7a\u5b9a\u3057\u307e\u3059\u3002\u7d50\u679c\u306b\u3088\u3063\u3066\u306f\u3001\u76f8\u5834\u3088\u308a\u9ad8\u3044\u4fa1\u683c\u306b\u306a\u308b\u30b1\u30fc\u30b9\u3001\u4f4e\u3044\u4fa1\u683c\u306b\u306a\u308b\u30b1\u30fc\u30b9\u3068\u3001\u4e21\u65b9\u306e\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u3002\u3069\u306e\u3088\u3046\u306a\u8981\u56e0\u3067\u4fa1\u683c\u304c\u4e0a\u4e0b\u3059\u308b\u304b\u3068\u3044\u3046\u3068\u3001\u4e00\u822c\u7684\u306b\u306f\u4ee5\u4e0b\u306e\u3088\u3046\u306a\u8981\u7d20\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">\u5e02\u5834\u3067\u306e\u7af6\u4e89\u512a\u4f4d\u6027\u304c\u3042\u308b<\/h4>\n\n\n\n<p>\u7af6\u5408\u4ed6\u793e\u306b\u5bfe\u3057\u3066\u660e\u78ba\u306a\u7af6\u4e89\u512a\u4f4d\u6027\u3092\u6301\u3063\u3066\u3044\u308b\u3068\u3001\u58f2\u5374\u4fa1\u683c\u306e\u5411\u4e0a\u306b\u3064\u306a\u304c\u308a\u307e\u3059\u3002\u72ec\u81ea\u306e\u8ca9\u58f2\u30c1\u30e3\u30cd\u30eb\u3001\u30d6\u30e9\u30f3\u30c9\u529b\u3001\u30b3\u30b9\u30c8\u7af6\u4e89\u529b\u306a\u3069\u304c\u6319\u3052\u3089\u308c\u307e\u3059\u3002\u5e02\u5834\u3067\u306e\u5730\u4f4d\u304c\u78ba\u7acb\u3055\u308c\u3066\u304a\u308a\u3001\u53c2\u5165\u969c\u58c1\u304c\u9ad8\u3044\u4e8b\u696d\u3067\u3042\u308c\u3070\u3001\u8b72\u53d7\u5074\u306b\u3068\u3063\u3066\u9b45\u529b\u7684\u306a\u6295\u8cc7\u5bfe\u8c61\u3068\u306a\u308b\u3067\u3057\u3087\u3046\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">\u4e8b\u696d\u306e\u6210\u9577\u6027\u30fb\u62e1\u5f35\u6027\u304c\u898b\u8fbc\u3081\u308b<\/h4>\n\n\n\n<p>\u73fe\u5728\u306e\u4e8b\u696d\u898f\u6a21\u3060\u3051\u3067\u306a\u304f\u3001\u5c06\u6765\u7684\u306a\u6210\u9577\u6027\u3084\u4ed6\u5730\u57df\u30fb\u4ed6\u5206\u91ce\u3078\u306e\u62e1\u5f35\u6027\u304c\u3042\u308b\u3053\u3068\u3082\u4fa1\u683c\u6c7a\u5b9a\u306e\u91cd\u8981\u306a\u8981\u7d20\u3067\u3059\u3002\u65b0\u305f\u306a\u5e02\u5834\u3078\u306e\u5c55\u958b\u53ef\u80fd\u6027\u3084\u3001\u4e8b\u696d\u30e2\u30c7\u30eb\u306e\u5fdc\u7528\u7bc4\u56f2\u304c\u5e83\u3044\u3053\u3068\u306f\u3001\u8b72\u53d7\u5074\u306b\u3068\u3063\u3066\u5927\u304d\u306a\u30e1\u30ea\u30c3\u30c8\u3068\u306a\u308a\u307e\u3059\u3002\u6210\u9577\u6226\u7565\u304c\u660e\u78ba\u3067\u5b9f\u73fe\u53ef\u80fd\u6027\u304c\u9ad8\u3044\u5834\u5408\u3001\u3088\u308a\u9ad8\u3044\u8a55\u4fa1\u3092\u53d7\u3051\u3084\u3059\u304f\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">\u4e8b\u696d\u306e\u72ec\u7acb\u6027\u30fb\u5206\u96e2\u53ef\u80fd\u6027\u304c\u9ad8\u3044<\/h4>\n\n\n\n<p>\u8b72\u6e21\u5bfe\u8c61\u306e\u4e8b\u696d\u304c\u4ed6\u306e\u4e8b\u696d\u304b\u3089\u72ec\u7acb\u3057\u3066\u304a\u308a\u3001\u5206\u96e2\u3057\u3084\u3059\u3044\u72b6\u614b\u3067\u3042\u308b\u3053\u3068\u3082\u4fa1\u683c\u306b\u5f71\u97ff\u3057\u307e\u3059\u3002\u30b7\u30b9\u30c6\u30e0\u3084\u7ba1\u7406\u4f53\u5236\u304c\u72ec\u7acb\u3057\u3066\u3044\u3066\u3001\u8b72\u6e21\u5f8c\u3082\u30b9\u30e0\u30fc\u30ba\u306b\u904b\u55b6\u3067\u304d\u308b\u72b6\u614b\u3067\u3042\u308c\u3070\u3001\u8b72\u53d7\u5074\u306e\u30ea\u30b9\u30af\u304c\u8efd\u6e1b\u3055\u308c\u307e\u3059\u3002\u9006\u306b\u3001\u4ed6\u306e\u4e8b\u696d\u3068\u306e\u4f9d\u5b58\u95a2\u4fc2\u304c\u5f37\u3044\u5834\u5408\u306f\u3001\u5206\u96e2\u30b3\u30b9\u30c8\u304c\u767a\u751f\u3059\u308b\u305f\u3081\u4fa1\u683c\u304c\u4e0b\u304c\u308b\u8981\u56e0\u3068\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">\u6cd5\u7684\u306a\u6a29\u5229\u30fb\u8a31\u8a8d\u53ef\u304c\u6574\u5099\u3055\u308c\u3066\u3044\u308b<\/h4>\n\n\n\n<p>\u4e8b\u696d\u904b\u55b6\u306b\u5fc5\u8981\u306a\u8a31\u8a8d\u53ef\u3084\u6cd5\u7684\u306a\u6a29\u5229\u304c\u9069\u5207\u306b\u6574\u5099\u3055\u308c\u3066\u3044\u308b\u3053\u3068\u3082\u3001\u58f2\u5374\u4fa1\u683c\u306b\u5927\u304d\u304f\u5f71\u97ff\u3057\u307e\u3059\u3002\u696d\u754c\u7279\u6709\u306e\u8a31\u8a8d\u53ef\u3092\u53d6\u5f97\u3057\u3066\u3044\u308b\u5834\u5408\u3001\u8b72\u53d7\u5074\u306f\u65b0\u305f\u306b\u53d6\u5f97\u3059\u308b\u624b\u9593\u3068\u30b3\u30b9\u30c8\u3092\u7701\u3051\u308b\u305f\u3081\u3001\u4fa1\u5024\u304c\u9ad8\u304f\u8a55\u4fa1\u3055\u308c\u307e\u3059\u3002\u307e\u305f\u3001\u5546\u6a19\u6a29\u3084\u8457\u4f5c\u6a29\u306a\u3069\u306e\u77e5\u7684\u8ca1\u7523\u6a29\u304c\u660e\u78ba\u306b\u6574\u7406\u3055\u308c\u3066\u3044\u308b\u3053\u3068\u3082\u91cd\u8981\u3067\u3059\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">\u4e8b\u696d\u306b\u5c06\u6765\u7684\u306a\u5229\u76ca\u304c\u898b\u8fbc\u3081\u308b<\/h4>\n\n\n\n<p>\u4e8b\u696d\u306b\u5c06\u6765\u7684\u306a\u5229\u76ca\u304c\u898b\u8fbc\u3081\u308b\u3068\u3001\u58f2\u5374\u4fa1\u683c\u306f\u9ad8\u304f\u306a\u308b\u50be\u5411\u306b\u3042\u308a\u307e\u3059\u3002\u7d99\u7d9a\u7684\u306a\u5229\u76ca\u304c\u3042\u308a\u3001\u4eca\u5f8c\u3082\u898b\u8fbc\u3081\u3089\u308c\u308b\u7d4c\u55b6\u72b6\u614b\u3067\u3042\u308b\u3053\u3068\u304c\u5927\u5207\u3067\u3059\u3002\u307e\u305f\u3001\u6295\u8cc7\u306e\u56de\u53ce\u3092\u3059\u308b\u305f\u3081\u306b\u3082\u5229\u76ca\u306f\u5fc5\u8981\u3067\u3059\u3002\u5e02\u5834\u3067\u306e\u30b7\u30a7\u30a2\u7387\u304c\u9ad8\u304f\u3001\u4e8b\u696d\u306e\u5c06\u6765\u6027\u304c\u898b\u8fbc\u3081\u308b\u72b6\u614b\u3092\u7d99\u7d9a\u3067\u304d\u308c\u3070\u3001\u5c06\u6765\u7684\u306a\u5229\u76ca\u3082\u898b\u8fbc\u307f\u3084\u3059\u3044\u3067\u3057\u3087\u3046\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">\u5c06\u6765\u306e\u4fc2\u4e89\u306e\u53ef\u80fd\u6027\u304c\u306a\u3044\uff08\u4f4e\u3044\uff09<\/h4>\n\n\n\n<p>\u4e8b\u696d\u306b\u95a2\u9023\u3059\u308b\u6cd5\u7684\u7d1b\u4e89\u3084\u4fc2\u4e89\u306e\u53ef\u80fd\u6027\u304c\u4f4e\u3044\u3053\u3068\u3082\u3001\u58f2\u5374\u4fa1\u683c\u3092\u5de6\u53f3\u3059\u308b\u91cd\u8981\u306a\u8981\u7d20\u3067\u3059\u3002\u52b4\u50cd\u554f\u984c\u3001\u5951\u7d04\u9055\u53cd\u3001\u77e5\u7684\u8ca1\u7523\u6a29\u4fb5\u5bb3\u3001\u74b0\u5883\u554f\u984c\u306a\u3069\u306e\u6f5c\u5728\u7684\u306a\u30ea\u30b9\u30af\u304c\u306a\u3044\u3053\u3068\u304c\u78ba\u8a8d\u3067\u304d\u308c\u3070\u3001\u8b72\u53d7\u4f01\u696d\u306f\u5b89\u5fc3\u3057\u3066\u4e8b\u696d\u3092\u5f15\u304d\u7d99\u3052\u307e\u3059\u3002\u904e\u53bb\u306e\u8a34\u8a1f\u5c65\u6b74\u304c\u306a\u304f\u3001\u73fe\u5728\u9032\u884c\u4e2d\u306e\u6cd5\u7684\u554f\u984c\u3082\u306a\u3044\u72b6\u614b\u3067\u3042\u308c\u3070\u3001\u5c06\u6765\u7684\u306a\u640d\u5931\u30ea\u30b9\u30af\u304c\u8efd\u6e1b\u3055\u308c\u308b\u305f\u3081\u3001\u3088\u308a\u9ad8\u3044\u8a55\u4fa1\u3092\u53d7\u3051\u3084\u3059\u304f\u306a\u308a\u307e\u3059\u3002\u682a\u5f0f\u8b72\u6e21\u3068\u306f\u9055\u3044\u3001\u300c\u4f1a\u793e\u300d\u304c\u62b1\u3048\u308b\u7c3f\u5916\u50b5\u52d9\u306f\u5f15\u304d\u7d99\u304c\u308c\u306a\u3044\u3082\u306e\u306e\u3001\u300c\u4e8b\u696d\u300d\u306e\u69cb\u9020\u30fb\u9032\u3081\u65b9\u7b49\u306b\u8d77\u56e0\u3057\u3066\u5c06\u6765\u751f\u3058\u308b\u30ea\u30b9\u30af\u306f\u8b72\u53d7\u4f01\u696d\u3068\u3057\u3066\u306f\u6182\u616e\u305b\u3056\u308b\u3092\u5f97\u307e\u305b\u3093\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">\u72ec\u81ea\u306e\u6280\u8853\u30fb\u7279\u8a31\u304c\u3042\u308b<\/h4>\n\n\n\n<p>\u4ed6\u793e\u304c\u771f\u4f3c\u3067\u304d\u306a\u3044\u6280\u8853\u529b\u30fb\u30ce\u30a6\u30cf\u30a6\u30fb\u7279\u8a31\u306a\u3069\u306e\u7121\u5f62\u8cc7\u7523\u3092\u4fdd\u6301\u3057\u3066\u3044\u308b\u3068\u3001\u4e8b\u696d\u58f2\u5374\u4fa1\u683c\u304c\u9ad8\u304f\u306a\u308a\u3084\u3059\u304f\u306a\u308a\u307e\u3059\u3002\u4ed6\u793e\u3068\u5dee\u5225\u5316\u3067\u304d\u308b\u30dd\u30a4\u30f3\u30c8\u304c\u3042\u308c\u3070\u3001\u4ea4\u6e09\u6750\u6599\u304c\u5897\u3048\u308b\u3067\u3057\u3087\u3046\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">\u512a\u79c0\u306a\u4eba\u6750\u304c\u5b58\u5728\u3059\u308b<\/h4>\n\n\n\n<p>\u512a\u79c0\u306a\u4eba\u6750\u304c\u5b58\u5728\u3057\u3001\u4eba\u7684\u8cc7\u7523\u304c\u58f2\u8cb7\u306b\u542b\u307e\u308c\u308b\u3053\u3068\u3082\u58f2\u5374\u6642\u306b\u306f\u91cd\u8981\u306a\u8981\u7d20\u3067\u3059\u3002\u5177\u4f53\u7684\u306b\u306f\u3001\u5f93\u696d\u54e1\u306e\u30b9\u30ad\u30eb\u304c\u512a\u308c\u3066\u3044\u308b\u3001\u7d4c\u9a13\u5024\u304c\u9ad8\u304f\u3001\u8cc7\u683c\u4fdd\u6301\u8005\u304c\u591a\u3044\u306a\u3069\u306e\u70b9\u304c\u3042\u308c\u3070\u3001\u9ad8\u304f\u58f2\u5374\u3057\u3084\u3059\u3044\u3067\u3057\u3087\u3046\u3002\u4e8b\u696d\u3060\u3051\u3092\u8b72\u308a\u53d7\u3051\u308b\u306e\u3067\u306f\u306a\u304f\u3001\u4e8b\u696d\u3092\u7d99\u7d9a\u3059\u308b\u305f\u3081\u306e\u30ce\u30a6\u30cf\u30a6\u3092\u6301\u3064\u4eba\u6750\u3082\u3001\u8b72\u53d7\u5074\u306f\u6c42\u3081\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">\u4fe1\u983c\u95a2\u4fc2\u306e\u9ad8\u3044\u53d6\u5f15\u5148\u30fb\u9867\u5ba2\u3092\u3082\u3063\u3066\u3044\u308b<\/h4>\n\n\n\n<p>\u9577\u3044\u4ed8\u304d\u5408\u3044\u304c\u3042\u308a\u3001\u4fe1\u983c\u95a2\u4fc2\u304c\u9ad8\u3044\u53d6\u5f15\u5148\u30fb\u9867\u5ba2\u3092\u3082\u3063\u3066\u3044\u308b\u3068\u3001\u5c06\u6765\u306b\u308f\u305f\u3063\u3066\u53ce\u76ca\u304c\u5f97\u3089\u308c\u308b\u53ef\u80fd\u6027\u304c\u9ad8\u304f\u306a\u308a\u307e\u3059\u3002\u65b0\u305f\u306a\u9867\u5ba2\u7372\u5f97\u306f\u56f0\u96e3\u3067\u3042\u308b\u305f\u3081\u3001\u8b72\u6e21\u6642\u306b\u53d6\u5f15\u5148\u3084\u9867\u5ba2\u306e\u57fa\u76e4\u304c\u6574\u3063\u3066\u3044\u308c\u3070\u3001\u8b72\u53d7\u5074\u3082\u5b89\u5fc3\u3067\u304d\u308b\u3067\u3057\u3087\u3046\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">\u4f01\u696d\u7406\u5ff5\u30fb\u6587\u5316\u30fb\u98a8\u571f\u306b\u5171\u901a\u70b9\u304c\u3042\u308b<\/h4>\n\n\n\n<p>\u8b72\u53d7\u3092\u691c\u8a0e\u3059\u308b\u4f01\u696d\u3068\u8b72\u6e21\u3059\u308b\u4f01\u696d\u306e\u4f01\u696d\u7406\u5ff5\u3084\u3001\u4f01\u696d\u6587\u5316\u30fb\u98a8\u571f\u306b\u5171\u901a\u70b9\u304c\u3042\u308b\u3068\u3001\u58f2\u5374\u5f8c\u306e\u4e8b\u696d\u3092\u7d99\u7d9a\u3057\u3084\u3059\u304f\u306a\u308a\u307e\u3059\u3002\u4f01\u696d\u7406\u5ff5\u3084\u6587\u5316\u30fb\u98a8\u571f\u304c\u7570\u306a\u308b\u3068\u3001\u5f93\u696d\u54e1\u306e\u96e2\u8077\u306b\u3064\u306a\u304c\u308b\u53ef\u80fd\u6027\u304c\u9ad8\u304f\u306a\u308b\u305f\u3081\u3001\u3053\u306e\u70b9\u3082\u8003\u616e\u3057\u307e\u3057\u3087\u3046\u3002<\/p>\n\n\n\n<p>\u5177\u4f53\u7684\u306a\u4e8b\u696d\u58f2\u5374\u4fa1\u683c\u306e\u8a08\u7b97\u65b9\u6cd5\u306f\u4ee5\u4e0b\u306e\u3068\u304a\u308a\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"has-vivid-cyan-blue-color has-text-color has-link-color wp-elements-7b9cdbaa385b865eaef87d1032e8d858\">\u25b7\u95a2\u9023\uff1a<a href=\"https:\/\/mitsukijapan.com\/ma\/column\/ma-intermediary\/\">\u4e2d\u5c0f\u4f01\u696d\u306eM&amp;A\u4ef2\u4ecb\u3068\u306f\uff1f\u30e1\u30ea\u30c3\u30c8\u3068\u30c7\u30e1\u30ea\u30c3\u30c8\u30fb\u8cbb\u7528\u76f8\u5834\u30fb\u9078\u3073\u65b9<\/a><\/p>\n\n\n\n<h2 id=\"arkb-toc-5\" class=\"wp-block-heading\">\u4e8b\u696d\u58f2\u5374\u306e\u4fa1\u683c\u306e\u7b97\u5b9a\u65b9\u6cd5<\/h2>\n\n\n\n<p>\u4e8b\u696d\u58f2\u5374\u306b\u304a\u3051\u308b\u5b9f\u969b\u306e\u4fa1\u683c\u306f\u3001\u4ee5\u4e0b\u306e\u3044\u305a\u308c\u304b\u306e\u65b9\u6cd5\u3092\u5358\u72ec\u3067\u3001\u307e\u305f\u306f\u4f75\u7528\u3057\u3066\u7b97\u5b9a\u3055\u308c\u308b\u3053\u3068\u304c\u591a\u3044\u3067\u3059\u3002<\/p>\n\n\n\n<h3 id=\"arkb-toc-6\" class=\"wp-block-heading\">\u5e74\u8cb7\u6cd5<\/h3>\n\n\n\n<p>\u5e74\u8cb7\u6cd5\u306f\u3001\u76f8\u5834\u3068\u540c\u69d8\u3001\u6982\u7b97\u3067\u58f2\u5374\u4fa1\u683c\u3092\u8a08\u7b97\u3059\u308b\u5fc5\u8981\u304c\u3042\u308b\u3068\u304d\u306b\u4f7f\u308f\u308c\u308b\u8a08\u7b97\u65b9\u6cd5\u3067\u3059\u3002<\/p>\n\n\n\n<p style=\"font-size:20px\">\u4e8b\u696d\u4fa1\u5024\uff1d\u79fb\u52d5\u3059\u308b\u7d14\u8cc7\u7523\uff0b\u306e\u308c\u3093\uff08\u5229\u76ca\u00d7\u6570\u5e74\u5206\uff09<\/p>\n\n\n\n<p>\u7c21\u6613\u306a\u8a08\u7b97\u65b9\u6cd5\u3067\u3042\u308b\u305f\u3081\u3001\u8ab0\u3067\u3082\u7406\u89e3\u3057\u3084\u3059\u3044\u70b9\u304c\u5e74\u8cb7\u6cd5\u306e\u30e1\u30ea\u30c3\u30c8\u3067\u3059\u3002\u4e00\u65b9\u3001\u8a08\u7b97\u65b9\u6cd5\u306b\u7406\u8ad6\u7684\u306a\u6839\u62e0\u304c\u306a\u3044\u305f\u3081\u3001\u3042\u304f\u307e\u3067\u3082\u76ee\u5b89\u3068\u3057\u3066\u4f7f\u3046\u3079\u304d\u6570\u5024\u3067\u3042\u308b\u70b9\u306b\u306f\u6ce8\u610f\u3057\u307e\u3057\u3087\u3046\u3002<\/p>\n\n\n\n<h3 id=\"arkb-toc-7\" class=\"wp-block-heading\">DCF\u6cd5<\/h3>\n\n\n\n<p>DCF\u6cd5\u306f\u3001\u5c06\u6765\u7372\u5f97\u3055\u308c\u308b\u3068\u4e88\u60f3\u3055\u308c\u308b\u30ad\u30e3\u30b7\u30e5\u30d5\u30ed\u30fc\u7dcf\u984d\u3092\u3001\u73fe\u5728\u306e\u4fa1\u5024\u306b\u63db\u7b97\u3057\u3066\u6c42\u3081\u308b\u624b\u6cd5\u3067\u3059\u3002M&amp;A\u306b\u304a\u3044\u3066\u5e83\u304f\u4f7f\u308f\u308c\u3066\u3044\u307e\u3059\u3002\u5c06\u6765\u306e\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u3092\u30d9\u30fc\u30b9\u306b\u3057\u3066\u3044\u308b\u305f\u3081\u3001\u4e8b\u696d\u8a08\u753b\u3092\u53cd\u6620\u3057\u3084\u3059\u3044\u70b9\u304c\u30e1\u30ea\u30c3\u30c8\u3067\u3059\u3002\u3057\u304b\u3057\u3001\u898b\u7a4d\u3082\u308a\u3092\u8aa4\u308b\u3068\u7b97\u5b9a\u7d50\u679c\u304c\u5927\u304d\u304f\u5909\u308f\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u70b9\u304c\u3001\u30c7\u30e1\u30ea\u30c3\u30c8\u3068\u3057\u3066\u6319\u3052\u3089\u308c\u307e\u3059\u3002<\/p>\n\n\n\n<h3 id=\"arkb-toc-8\" class=\"wp-block-heading\">\u6642\u4fa1\u7d14\u8cc7\u7523\u6cd5<\/h3>\n\n\n\n<p>\u6642\u4fa1\u7d14\u8cc7\u7523\u6cd5\u3068\u306f\u3001\u4e8b\u696d\u304c\u6301\u3063\u3066\u3044\u308b\u8cc7\u7523\u306e\u6642\u4fa1\u304b\u3089\u8ca0\u50b5\u306e\u6642\u4fa1\u3092\u63a7\u9664\u3057\u3066\u3001\u4fa1\u683c\u3092\u6c7a\u3081\u308b\u65b9\u6cd5\u3067\u3059\u3002<\/p>\n\n\n\n<p style=\"font-size:20px\">\u4e8b\u696d\u4fa1\u5024=\u79fb\u52d5\u3059\u308b\u7d14\u8cc7\u7523\uff08\u8cc7\u7523\u2212\u8ca0\u50b5\uff09<\/p>\n\n\n\n<p>\u8cc7\u7523\u306e\u6642\u4fa1\u7dcf\u984d\u304b\u3089\u8ca0\u50b5\u7dcf\u984d\u3092\u5dee\u3057\u5f15\u3044\u305f\u984d\u3067\u3042\u308b\u305f\u3081\u3001\u8a08\u7b97\u3057\u3084\u3059\u3044\u53cd\u9762\u3001\u4f01\u696d\u306e\u5c06\u6765\u6027\u306a\u3069\u304c\u8003\u616e\u3055\u308c\u306a\u3044\u3068\u306e\u6ce8\u610f\u70b9\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<h3 id=\"arkb-toc-9\" class=\"wp-block-heading\">\u985e\u4f3c\u4f1a\u793e\u6bd4\u8f03\u6cd5<\/h3>\n\n\n\n<p>\u985e\u4f3c\u4f1a\u793e\u6bd4\u8f03\u6cd5\u3068\u306f\u3001\u30de\u30eb\u30c1\u30d7\u30eb\u6cd5\u3068\u3082\u547c\u3070\u308c\u308b\u985e\u4f3c\u4f01\u696d\u306e\u5e73\u5747\u7684\u306a\u4e8b\u696d\u4fa1\u5024\u3092\u3082\u3068\u306b\u3057\u305f\u8a08\u7b97\u65b9\u6cd5\u3067\u3059\u3002<\/p>\n\n\n\n<p style=\"font-size:20px\">\u4e8b\u696d\u4fa1\u5024\uff1d\u30de\u30eb\u30c1\u30d7\u30eb<sup>\u203b1<\/sup> \u00d7 \u5bfe\u8c61\u4e8b\u696d\u306eKPI<sup>\u203b2<\/sup><\/p>\n\n\n\n<p>\u203b1  \u985e\u4f3c\u3059\u308b\u4e0a\u5834\u4f1a\u793e\u306e\u696d\u7e3e\u6307\u6a19\u304b\u3089\u7b97\u51fa\u3055\u308c\u308b\u4e57\u6570\u3067\u3001\u4f8b\u3048\u3070EBITDA\u30de\u30eb\u30c1\u30d7\u30eb\uff08EV\u00f7EBITDA\uff09\u306a\u3069\u304c\u4e00\u822c\u7684<br>\u203b2  \u5bfe\u8c61\u4e8b\u696d\uff08\u8b72\u6e21\u3059\u308b\u4e8b\u696d\uff09\u304c\u751f\u307f\u51fa\u3059\u696d\u7e3e\u6307\u6a19\u3067\u3001\u4f8b\u3048\u3070EBITDA\u306a\u3069\u304c\u4e00\u822c\u7684<\/p>\n\n\n\n<p>\u8a08\u7b97\u65b9\u6cd5\u306f\u7c21\u5358\u3067\u3059\u304c\u3001\u6bd4\u8f03\u5bfe\u8c61\u304c\u3044\u306a\u3044\u5834\u5408\u306b\u306f\u9069\u7528\u3067\u304d\u306a\u3044\u70b9\u306b\u6ce8\u610f\u3057\u307e\u3057\u3087\u3046\u3002<\/p>\n\n\n\n<p class=\"has-vivid-cyan-blue-color has-text-color has-link-color wp-elements-edb5e50e5f5c3e21d2c1516f74e180a8\">\u25b7\u95a2\u9023\uff1a<a href=\"https:\/\/mitsukijapan.com\/ma\/column\/valuation\/\">\u4f01\u696d\u4fa1\u5024\u8a55\u4fa1\u3068\u306f\uff1f\u6d41\u308c\u30fb\u8cbb\u7528\u30fb\u7b97\u5b9a\u65b9\u6cd5\u30fbM&amp;A\u5b9f\u52d9\u3067\u306e\u30dd\u30a4\u30f3\u30c8<\/a><\/p>\n\n\n\n<h2 id=\"arkb-toc-10\" class=\"wp-block-heading\">\u4e8b\u696d\u58f2\u5374\u306e\u4fa1\u683c\u3092\u4e0a\u3052\u308b\u305f\u3081\u306e\u4ea4\u6e09\u30dd\u30a4\u30f3\u30c8<\/h2>\n\n\n\n<p>\u5b9f\u969b\u306e\u58f2\u5374\u4fa1\u683c\u306f\u4ea4\u6e09\u3067\u6c7a\u307e\u308a\u307e\u3059\u304c\u3001\u305d\u306e\u969b\u306e\u30dd\u30a4\u30f3\u30c8\u3092\u8aac\u660e\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<h3 id=\"arkb-toc-11\" class=\"wp-block-heading\">\u4e8b\u696d\u306e\u8cc7\u7523\u4fa1\u5024\u3092\u660e\u78ba\u306b\u628a\u63e1\u3057\u3066\u304a\u304f<\/h3>\n\n\n\n<p>\u4e8b\u696d\u58f2\u5374\u306e\u4fa1\u683c\u30fb\u76f8\u5834\u3092\u4e0a\u3052\u308b\u305f\u3081\u306b\u306f\u3001\u4e8b\u696d\u306e\u8cc7\u7523\u4fa1\u5024\u3092\u660e\u78ba\u306b\u628a\u63e1\u3057\u3066\u304a\u304d\u307e\u3057\u3087\u3046\u3002\u9069\u6b63\u306a\u4fa1\u683c\u3067\u3042\u308c\u3070\u3001\u4ea4\u6e09\u304c\u5186\u6ed1\u306b\u9032\u307f\u307e\u3059\u3002\u9069\u6b63\u306a\u4fa1\u683c\u3092\u77e5\u308b\u305f\u3081\u306f\u3001\u4e8b\u696d\u306e\u8cc7\u7523\u4fa1\u5024\u306e\u660e\u78ba\u306a\u628a\u63e1\u304c\u91cd\u8981\u3067\u3059\u3002<\/p>\n\n\n\n<h3 id=\"arkb-toc-12\" class=\"wp-block-heading\">\u4e8b\u696d\u3092\u6b63\u3057\u304f\u8a55\u4fa1\u3057\u3066\u304f\u308c\u308b\u8b72\u53d7\u4f01\u696d\u3092\u898b\u3064\u3051\u308b<\/h3>\n\n\n\n<p>\u4e8b\u696d\u58f2\u5374\u306e\u4fa1\u683c\u30fb\u76f8\u5834\u3092\u4e0a\u3052\u308b\u305f\u3081\u306b\u306f\u3001\u4e8b\u696d\u306e\u8cc7\u7523\u4fa1\u5024\u3092\u6b63\u3057\u304f\u7406\u89e3\u3057\u3001\u8b72\u308a\u53d7\u3051\u305f\u3044\u3068\u672c\u6c17\u3067\u8003\u3048\u3066\u304f\u308c\u308b\u4f01\u696d\u3092\u63a2\u3057\u51fa\u3059\u3053\u3068\u304c\u91cd\u8981\u3067\u3059\u3002\u305d\u306e\u305f\u3081\u306b\u3001\u8b72\u6e21\u3057\u305f\u3044\u4e8b\u696d\u3092\u6b32\u3057\u3044\u3068\u8003\u3048\u3066\u3044\u305d\u3046\u306a\u4f01\u696d\u3092\u63a2\u3057\u307e\u3057\u3087\u3046\u3002\u540c\u696d\u8005\u3067\u3042\u308c\u3070\u3001\u898b\u3064\u304b\u308b\u53ef\u80fd\u6027\u304c\u9ad8\u307e\u308a\u307e\u3059\u3002\u5019\u88dc\u304c\u898b\u3064\u304b\u3063\u305f\u3089\u3001\u8b72\u53d7\u4f01\u696d\u306e\u4e8b\u696d\u5185\u5bb9\u3084\u8ca1\u52d9\u72b6\u6cc1\u3092\u8abf\u3079\u3066\u304a\u304d\u307e\u3057\u3087\u3046\u3002<\/p>\n\n\n\n<h3 id=\"arkb-toc-13\" class=\"wp-block-heading\">\u4ea4\u6e09\u4f01\u696d\u3068\u306e\u4fe1\u983c\u95a2\u4fc2\u3092\u7bc9\u304f\u52aa\u529b\u3092\u3059\u308b&nbsp;<\/h3>\n\n\n\n<p>\u4ea4\u6e09\u4f01\u696d\u3068\u306e\u4fe1\u983c\u95a2\u4fc2\u3092\u7bc9\u304f\u52aa\u529b\u3082\u5927\u5207\u306a\u53d6\u308a\u7d44\u307f\u3067\u3059\u3002\u4fe1\u983c\u95a2\u4fc2\u304c\u7d50\u3079\u308c\u3070\u3001\u4ea4\u6e09\u304c\u9032\u307f\u3084\u3059\u304f\u306a\u308a\u307e\u3059\u3002\u6700\u521d\u306b\u4fe1\u983c\u95a2\u4fc2\u304c\u7bc9\u3051\u306a\u3044\u3068\u3001\u3059\u3079\u3066\u306e\u4ea4\u6e09\u306b\u304a\u3044\u3066\u4e0d\u4fe1\u611f\u3092\u6301\u305f\u308c\u3066\u3001\u4ea4\u6e09\u304c\u9032\u307e\u306a\u3044\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"has-vivid-cyan-blue-color has-text-color has-link-color wp-elements-a894827be8121aca0c237b2b7690c5bd\">\u25b7\u95a2\u9023\uff1a<a href=\"https:\/\/mitsukijapan.com\/ma\/column\/list-of-ma-companies\/\">2025\u5e74\u7248\u3010M&amp;A\u4ef2\u4ecb\u4f1a\u793e\u4e00\u89a7\u3011\u4e0a\u5834\u30fb\u975e\u4e0a\u5834\u30fb\u4f1a\u8a08\u7cfb\u3092\u7d39\u4ecb<\/a><\/p>\n\n\n\n<h2 id=\"arkb-toc-14\" class=\"wp-block-heading\">\u4e8b\u696d\u58f2\u5374\u306e\u4fa1\u683c\u304c\u6c7a\u307e\u308b\u307e\u3067\u306e\u6d41\u308c<\/h2>\n\n\n\n<p>\u4e00\u822c\u7684\u306b\u306f\u3001\u4ee5\u4e0b\u306e\u3088\u3046\u306a\u6d41\u308c\u3067\u58f2\u5374\u4fa1\u683c\u304c\u6c7a\u307e\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">1.\u8b72\u6e21\u5074\u304c\u4e8b\u696d\u4fa1\u5024\u3092\u7b97\u51fa\u3059\u308b<\/h4>\n\n\n\n<p>\u8b72\u6e21\u5074\u304c\u9069\u6b63\u306a\u4e8b\u696d\u4fa1\u683c\u3092\u7b97\u51fa\u3057\u307e\u3059\u3002\u4f01\u696d\u306e\u696d\u52d9\u5185\u5bb9\u3084\u8ca1\u52d9\u72b6\u6cc1\u306a\u3069\u306e\u8cc7\u6599\u3092\u5c02\u9580\u5bb6\u306b\u6e21\u3057\u3001\u9069\u6b63\u306a\u4e8b\u696d\u4fa1\u683c\u306e\u7b97\u51fa\u3092\u4f9d\u983c\u3057\u307e\u3057\u3087\u3046\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">2.\u8b72\u6e21\u5019\u88dc\u4f01\u696d\u3092\u6c7a\u3081\u308b<\/h4>\n\n\n\n<p>\u8b72\u6e21\u5019\u88dc\u4f01\u696d\u3092\u6c7a\u5b9a\u3057\u307e\u3059\u3002\u53d6\u5f15\u5148\u306e\u306a\u304b\u304b\u3089\u63a2\u3059\u3001\u30d9\u30f3\u30c1\u30e3\u30fc\u30ad\u30e3\u30d4\u30bf\u30eb\u306b\u4f9d\u983c\u3059\u308b\u306a\u3069\u3001\u3055\u307e\u3056\u307e\u306a\u65b9\u6cd5\u304c\u3042\u308a\u307e\u3059\u304c\u3001\u5358\u72ec\u3067\u5019\u88dc\u3092\u63a2\u3057\u51fa\u3059\u65b9\u6cd5\u306b\u306f\u9650\u754c\u304c\u3042\u308a\u307e\u3059\u3002\u30b9\u30e0\u30fc\u30ba\u306b\u898b\u3064\u3051\u308b\u305f\u3081\u306b\u306f\u3001\u5c02\u9580\u5bb6\u306b\u4f9d\u983c\u3059\u308b\u3068\u3088\u3044\u3067\u3057\u3087\u3046\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">3.\u8b72\u53d7\u4f01\u696d\u304c\u8b72\u53d7\u4fa1\u683c\u3092\u6c7a\u3081\u308b<\/h4>\n\n\n\n<p>\u8b72\u53d7\u5148\u304c\u898b\u3064\u304b\u3063\u305f\u3089\u3001\u57fa\u672c\u5408\u610f\u66f8\u3067\u76ee\u5b89\u3068\u306a\u308b\u8b72\u53d7\u4fa1\u683c\u3092\u6c7a\u3081\u307e\u3059\u3002\u305d\u306e\u3046\u3048\u3067\u3001\u30c7\u30e5\u30fc\u30c7\u30ea\u30b8\u30a7\u30f3\u30b9\uff08\u8cb7\u53ce\u76e3\u67fb\u30fb\u4f01\u696d\u8abf\u67fb\uff09\u3092\u884c\u3044\u3001\u3053\u306e\u4fa1\u683c\u3067\u3042\u308c\u3070\u8b72\u53d7\u3067\u304d\u308b\u3068\u3044\u3046\u91d1\u984d\u3092\u6c7a\u5b9a\u3057\u307e\u3057\u3087\u3046\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">4.\u58f2\u5374\u4fa1\u683c\u3092\u6c7a\u3081\u308b<\/h4>\n\n\n\n<p>\u30c7\u30e5\u30fc\u30c7\u30ea\u30b8\u30a7\u30f3\u30b9\uff08\u8cb7\u53ce\u76e3\u67fb\u30fb\u4f01\u696d\u8abf\u67fb\uff09\u306e\u7d50\u679c\u3092\u3082\u3068\u306b\u3001\u6700\u7d42\u7684\u306a\u58f2\u5374\u4fa1\u683c\u3092\u6c7a\u5b9a\u3057\u307e\u3059\u3002\u8b72\u6e21\u4f01\u696d\u3068\u8b72\u53d7\u4f01\u696d\u304c\u4ea4\u6e09\u3057\u305f\u7d50\u679c\u3092\u53cd\u6620\u3055\u305b\u305f\u6700\u7d42\u58f2\u5374\u4fa1\u683c\u306e\u6c7a\u5b9a\u3001\u304a\u3088\u3073\u5951\u7d04\u306e\u7de0\u7d50\u306b\u3088\u3063\u3066\u3001\u4e8b\u696d\u58f2\u5374\u304c\u5b8c\u4e86\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"has-vivid-cyan-blue-color has-text-color has-link-color wp-elements-88e62e1fa274470210741d60f8128515\">\u25b7\u95a2\u9023\uff1a<a href=\"https:\/\/mitsukijapan.com\/ma\/column\/ma-valuation-explanation-timing-points\/\">\u4f01\u696d\u4fa1\u5024\u8a55\u4fa1\u306e\u30bf\u30a4\u30df\u30f3\u30b0\u306f\uff1fM&amp;A\u3067\u306e\u7b97\u5b9a\u6642\u671f\u30fb\u65b9\u6cd5\u3068\u306f<\/a><\/p>\n\n\n\n<h2 id=\"arkb-toc-15\" class=\"wp-block-heading\">\u4e8b\u696d\u58f2\u5374\u306e\u30e1\u30ea\u30c3\u30c8\u30fb\u30c7\u30e1\u30ea\u30c3\u30c8<\/h2>\n\n\n\n<p>\u7c21\u5358\u306b\u4e8b\u696d\u58f2\u5374\u3059\u308b\u30e1\u30ea\u30c3\u30c8\u3068\u30c7\u30e1\u30ea\u30c3\u30c8\u3092\u6574\u7406\u3057\u3066\u304a\u304d\u307e\u3059\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">\u4e8b\u696d\u58f2\u5374\u306e\u30e1\u30ea\u30c3\u30c8<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u58f2\u5374\u5229\u76ca\u3092\u5f97\u3089\u308c\u308b<\/li>\n\n\n\n<li>\u4e8b\u696d\u3092\u4e00\u90e8\u3060\u3051\u58f2\u5374\u3057\u305f\u3046\u3048\u3067\u3001\u5fc5\u8981\u306a\u4e8b\u696d\u306f\u5f15\u304d\u7d99\u3052\u308b\uff08\u8d64\u5b57\u4e8b\u696d\u30fb\u5229\u76ca\u306e\u5c11\u306a\u3044\u8ca2\u732e\u5ea6\u306e\u4f4e\u3044\u4e8b\u696d\u306e\u307f\u58f2\u5374\u3067\u304d\u308b\uff09<\/li>\n\n\n\n<li>\u8b72\u6e21\u5074\u306b\u7d4c\u55b6\u6a29\u304c\u6b8b\u308b<\/li>\n\n\n\n<li>\u4f01\u696d\u306e\u5546\u53f7\u3092\u7d99\u7d9a\u3057\u3066\u4f7f\u3048\u308b<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">\u4e8b\u696d\u58f2\u5374\u306e\u30c7\u30e1\u30ea\u30c3\u30c8<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u624b\u7d9a\u304d\u30fb\u76f8\u624b\u5074\u3068\u306e\u4ea4\u6e09\u306a\u3069\u306b\u6642\u9593\u3092\u53d6\u3089\u308c\u308b<\/li>\n\n\n\n<li>\u5c02\u9580\u5bb6\u306b\u4f9d\u983c\u3057\u305f\u5834\u5408\u3001\u30b3\u30b9\u30c8\uff08\u8cbb\u7528\uff09\u304c\u304b\u304b\u308b<\/li>\n\n\n\n<li>\u58f2\u5374\u76ca\u304c\u51fa\u305f\u5834\u5408\u3001\u7a0e\u91d1\u304c\u8ab2\u3055\u308c\u308b<\/li>\n\n\n\n<li>\u58f2\u5374\u4e88\u5b9a\u4e8b\u696d\u306b\u95a2\u3059\u308b\u8cc7\u6599\uff08\u8ca1\u52d9\u8af8\u8868\u306a\u3069\uff09\u306e\u4f5c\u6210\u304c\u5fc5\u8981\u3068\u306a\u308b<\/li>\n<\/ul>\n\n\n\n<h3 id=\"arkb-toc-16\" class=\"wp-block-heading\">\u4e8b\u696d\u58f2\u5374\u3067\u306e\u6ce8\u610f\u70b9<\/h3>\n\n\n\n<p>\u5e7e\u3064\u304b\u306e\u6ce8\u610f\u3059\u3079\u304d\u70b9\u3092\u8aac\u660e\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">\u539f\u524720\u5e74\u9593\u306e\u7af6\u696d\u907f\u6b62\u7fa9\u52d9\u304c\u8ab2\u3055\u308c\u308b<\/h4>\n\n\n\n<p>\u8b72\u6e21\u4f01\u696d\u306b\u306f\u3001\u539f\u524720\u5e74\u9593\u306e\u7af6\u696d\u907f\u6b62\u7fa9\u52d9\u304c\u8ab2\u3055\u308c\u307e\u3059\u3002\u7af6\u696d\u907f\u6b62\u7fa9\u52d9\u3068\u306f\u300120\u5e74\u9593\u306b\u308f\u305f\u3063\u3066\u540c\u4e00\u5e02\u533a\u753a\u6751\u304a\u3088\u3073\u96a3\u63a5\u3059\u308b\u5e02\u533a\u753a\u6751\u306b\u304a\u3044\u3066\u3001\u58f2\u5374\u3057\u305f\u4e8b\u696d\u3068\u540c\u3058\u4e8b\u696d\u306f\u884c\u3048\u306a\u3044\u3068\u306e\u5b9a\u3081\u3067\u3059\u3002\u305f\u3060\u3057\u300120\u5e74\u306f\u6cd5\u5f8b\u4e0a\u306e\u539f\u5247\u3067\u3042\u308a\u3001\u5b9f\u52d9\u4e0a\u306f\u6570\u5e74\u304b\u308910\u5e74\u7a0b\u5ea6\u3067\u3042\u308b\u3053\u3068\u304c\u591a\u3044\u50be\u5411\u306b\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">\u5f93\u696d\u54e1\u30fb\u53d6\u5f15\u5148\u3078\u306e\u914d\u616e\u3092\u6020\u3089\u306a\u3044<\/h4>\n\n\n\n<p>\u4e8b\u696d\u58f2\u5374\u306e\u5f8c\u306b\u306f\u3001\u5f93\u696d\u54e1\u3082\u53d6\u5f15\u5148\u3082\u3001\u8b72\u53d7\u4f01\u696d\u3068\u65b0\u305f\u306b\u5951\u7d04\u3092\u3059\u308b\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002\u58f2\u5374\u5f8c\u306e\u5f93\u696d\u54e1\u306e\u8ee2\u8077\u3084\u53d6\u5f15\u5148\u306e\u96e2\u8131\u306f\u3001\u8b72\u53d7\u4f01\u696d\u3068\u8b72\u6e21\u4f01\u696d\u9593\u306e\u30c8\u30e9\u30d6\u30eb\u306b\u3064\u306a\u304c\u308a\u304b\u306d\u306a\u3044\u305f\u3081\u3001\u53cc\u65b9\u3078\u306e\u914d\u616e\u3092\u6020\u3089\u306a\u3044\u3088\u3046\u306b\u3057\u307e\u3057\u3087\u3046\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">\u60c5\u5831\u6f0f\u6d29\u306b\u6c17\u3092\u3064\u3051\u308b<\/h4>\n\n\n\n<p>\u793e\u5185\u30fb\u793e\u5916\u306b\u60c5\u5831\u304c\u6f0f\u308c\u305f\u7d50\u679c\u3001\u4e8b\u696d\u58f2\u5374\u306b\u5931\u6557\u3059\u308b\u30b1\u30fc\u30b9\u304c\u3042\u308a\u307e\u3059\u3002\u4e8b\u696d\u58f2\u5374\u306e\u6c7a\u5b9a\u5f8c\u306b\u3001\u5f93\u696d\u54e1\u30fb\u53d6\u5f15\u5148\u306b\u5bfe\u3057\u3066\u8aac\u660e\u3092\u3059\u308b\u969b\u306b\u306f\u3001\u30bf\u30a4\u30df\u30f3\u30b0\u306b\u6ce8\u610f\u3057\u307e\u3057\u3087\u3046\u3002<\/p>\n\n\n\n<p class=\"has-vivid-cyan-blue-color has-text-color has-link-color wp-elements-88f42c267ba7c97aa1ba04920bb16a7d\">\u25b7\u95a2\u9023\uff1a<a href=\"https:\/\/mitsukijapan.com\/ma\/column\/what-is-a-business-sale-for-small-and-medium-enterprises\/\">\u4e8b\u696d\u58f2\u5374\u3068\u306f\uff5c\u76f8\u5834\u30fb\u7a0e\u91d1\u30fb\u4e8b\u696d\u8b72\u6e21\u3068\u306e\u9055\u3044\u30fb\u624b\u9806\u30fb\u30e1\u30ea\u30c3\u30c8\u3092\u89e3\u8aac<\/a><\/p>\n\n\n\n<h2 id=\"arkb-toc-17\" class=\"wp-block-heading\">\u4e8b\u696d\u58f2\u5374\u306e\u4f1a\u8a08\u51e6\u7406\u30fb\u7a0e\u52d9<\/h2>\n\n\n\n<p>\u4f1a\u8a08\u51e6\u7406\u306f\u4ee5\u4e0b\u306e\u3088\u3046\u306a\u3082\u306e\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<h3 id=\"arkb-toc-18\" class=\"wp-block-heading\">\u8b72\u6e21\u4f01\u696d\u306e\u4ed5\u8a33\u4f8b<\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th>\u501f\u65b9<\/th><th>\u8cb8\u65b9<\/th><\/tr><\/thead><tbody><tr><td>\u8af8\u8cc7\u7523\uff1a1,500\u4e07\u5186<\/td><td>\u8af8\u8ca0\u50b5\uff1a2,500\u4e07\u5186<\/td><\/tr><tr><td>\u73fe\u9810\u91d1\uff1a2,000\u4e07\u5186<\/td><td>\u4e8b\u696d\u58f2\u5374\u76ca\uff1a1,000\u4e07\u5186<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\">\u8b72\u6e21\u4f01\u696d\u306e\u4ed5\u8a33\u4f8b<\/figcaption><\/figure>\n\n\n\n<h3 id=\"arkb-toc-19\" class=\"wp-block-heading\">\u8b72\u53d7\u4f01\u696d\u306e\u4ed5\u8a33\u4f8b<\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th>\u501f\u65b9<\/th><th>\u8cb8\u65b9<\/th><\/tr><\/thead><tbody><tr><td>\u8af8\u8cc7\u7523\uff1a2,500\u4e07\u5186<\/td><td>\u8af8\u8ca0\u50b5\uff1a1,500\u4e07\u5186<\/td><\/tr><tr><td>\u306e\u308c\u3093\uff1a1,000\u4e07\u5186<\/td><td>\u73fe\u9810\u91d1\uff1a2,000\u4e07\u5186<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\">\u8b72\u53d7\u4f01\u696d\u306e\u4ed5\u8a33\u4f8b<\/figcaption><\/figure>\n\n\n\n<h3 id=\"arkb-toc-20\" class=\"wp-block-heading\">\u4e8b\u696d\u58f2\u5374\u3067\u751f\u3058\u308b\u6cd5\u4eba\u7a0e<\/h3>\n\n\n\n<p>\u4e8b\u696d\u58f2\u5374\u3092\u5b9f\u65bd\u3059\u308b\u3068\u6cd5\u4eba\u7a0e\uff08\u5b9f\u52b9\u7a0e\u7387\u7d0434%\uff09\u304c\u767a\u751f\u3057\u307e\u3059\u3002\u5177\u4f53\u7684\u306b\u306f\u3001\u4e8b\u696d\u58f2\u5374\u3067\u5f97\u305f\u5229\u76ca\u3068\u4ed6\u306e\u5229\u76ca\u304c\u5408\u7b97\u3055\u308c\u305f\u6240\u5f97\u306b\u5bfe\u3057\u3066\u8ab2\u7a0e\u3055\u308c\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"has-vivid-cyan-blue-color has-text-color has-link-color wp-elements-af13b7c2e5dc7c349de9dd89aa1ac879\">\u25b7\u95a2\u9023\uff1a<a href=\"https:\/\/mitsukijapan.com\/ma\/column\/a-thorough-explanation\/\">\u4e8b\u696d\u58f2\u5374\u306b\u3088\u308b\u7a0e\u91d1\uff5cM&amp;A\u3067\u306e\u7bc0\u7a0e\u5bfe\u7b56\u30fb\u6cd5\u4eba\u500b\u4eba\u306e\u6ce8\u610f\u70b9\u3068\u306f\uff1f<\/a><\/p>\n\n\n\n<h2 id=\"arkb-toc-21\" class=\"wp-block-heading\">\u4e8b\u696d\u58f2\u5374\u306e\u4fa1\u683c\u306e\u4e8b\u4f8b<\/h2>\n\n\n\n<p>\u4e8b\u696d\u58f2\u5374\u306b\u3088\u308bM&amp;A\u306e\u6210\u7d04\u4e8b\u4f8b\u304b\u3089\u3001\u58f2\u5374\u4fa1\u683c\u3092\u898b\u3066\u3044\u304d\u307e\u3059\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">\u65e5\u672c\u30ea\u30d3\u30f3\u30b0\u304c\u30a2\u30ed\u30de\u4e8b\u696d\u3092\u58f2\u5374\u3057\u305f\u4e8b\u4f8b<\/h4>\n\n\n\n<p>\u5bb6\u5177\u30fb\u5bb6\u5ead\u7528\u96d1\u8ca8\u306e\u4f01\u753b\u3001\u8ca9\u58f2\u3092\u624b\u639b\u3051\u308b\u65e5\u672c\u30ea\u30d3\u30f3\u30b0\u306f\u3001\u5316\u7ca7\u54c1\u30fb\u5065\u5eb7\u98df\u54c1\u306e\u901a\u4fe1\u8ca9\u58f2\u4e8b\u696d\u3092\u55b6\u3080\u30d5\u30a9\u30fc\u30b7\u30fc\u30ba\u30db\u30fc\u30eb\u30c7\u30a3\u30f3\u30b0\u30b9\u306b\u3001\u30a2\u30ed\u30de\u4e8b\u696d\u3092\u58f2\u5374\u3057\u307e\u3057\u305f\u3002\u4e8b\u696d\u518d\u751f\u3092\u56f3\u308a\u305f\u3044\u65e5\u672c\u30ea\u30d3\u30f3\u30b0\u306f\u30018,800\u4e07\u5186\u3067\u30a2\u30ed\u30de\u4e8b\u696d\u3092\u58f2\u5374\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">\u30a2\u30a4\u30d5\u30ea\u30fc\u30af\u30e2\u30d0\u30a4\u30eb\u304c\u30af\u30e9\u30a6\u30c9\u30d5\u30a1\u30f3\u30c7\u30a3\u30f3\u30b0\u4e8b\u696d\u3092\u58f2\u5374\u3057\u305f\u4e8b\u4f8b<\/h4>\n\n\n\n<p>\u30a2\u30a4\u30d5\u30ea\u30fc\u30af\u30e2\u30d0\u30a4\u30eb\u306f\u30af\u30e9\u30a6\u30c9\u30d5\u30a1\u30f3\u30c7\u30a3\u30f3\u30b0\u4e8b\u696d\u300c\u30df\u30e9\u30a4\u30c3\u30dd Startup IPO\u300d\u3092\u3001\u30ed\u30dc\u30c3\u30c8\u4e8b\u696d\u3084\u30e1\u30c7\u30a3\u30a2\u30b5\u30a4\u30c8\u4e8b\u696d\u3092\u5c55\u958b\u3057\u3066\u3044\u308bV\u30ab\u30ec\u30f3\u30b7\u30fc\u306b\u58f2\u5374\u3057\u307e\u3057\u305f\u3002\u540c\u793e\u306f\u3001\u6295\u8cc7\u56de\u53ce\u304c\u56f0\u96e3\u306a\u4e0d\u63a1\u7b97\u4e8b\u696d\u3068\u3057\u3066\u300c\u30df\u30e9\u30a4\u30c3\u30dd Startup IPO\u300d\u3092\u3001V\u30ab\u30ec\u30f3\u30b7\u30fc\u306b100\u4e07\u5186\u3067\u58f2\u5374\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">\u5e78\u548c\u88fd\u4f5c\u6240\u304c\u30ec\u30f3\u30bf\u30eb\u4e8b\u696d\u306e\u4e00\u90e8\u3092\u58f2\u5374\u3057\u305f\u4e8b\u4f8b<\/h4>\n\n\n\n<p>\u798f\u7949\u7528\u5177\u30fb\u4ecb\u8b77\u7528\u54c1\u306e\u30e1\u30fc\u30ab\u30fc\u3067\u3042\u308b\u682a\u5f0f\u4f1a\u793e\u5e78\u548c\u88fd\u4f5c\u6240\u306f\u3001\u9023\u7d50\u5b50\u4f1a\u793e\u3067\u3042\u308b\u682a\u5f0f\u4f1a\u793e\u5e78\u548c\u30e9\u30a4\u30d5\u30bc\u30fc\u30b7\u30e7\u30f3\u306e\u30ec\u30f3\u30bf\u30eb\u4e8b\u696d\u306e\u4e00\u90e8\u3092\u3001\u798f\u7949\u7528\u5177\u30ec\u30f3\u30bf\u30eb\u30fb\u8ca9\u58f2\u4e8b\u696d\u3092\u55b6\u3080\u682a\u5f0f\u4f1a\u793e\u30e4\u30de\u30b7\u30bf\u306b\u58f2\u5374\u3057\u307e\u3057\u305f\u3002\u540c\u793e\u306f\u3001\u798f\u7949\u7528\u5177\u88fd\u9020\u8ca9\u58f2\u3078\u306e\u7d4c\u55b6\u8cc7\u6e90\u96c6\u4e2d\u3092\u56f3\u308a\u30011\u5104\u5186\u3067\u4e8b\u696d\u3092\u58f2\u5374\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">DeNA\u304cSNS\u3092\u58f2\u5374\u3057\u305f\u4e8b\u4f8b<\/h4>\n\n\n\n<p>\u682a\u5f0f\u4f1a\u793eDeNA\u304c\u3001\u5927\u4eba\u5411\u3051SNS\u300c\u8da3\u5473\u4eba\u5036\u697d\u90e8\uff08\u3057\u3085\u307f\u30fc\u3068\u304f\u3089\u3076\uff09\u300d\u3092\u3001\u5a5a\u793c\u4e8b\u696d\u3084\u5e83\u544a\u4e8b\u696d\u3092\u55b6\u3080\u682a\u5f0f\u4f1a\u793e\u30aa\u30fc\u30b9\u30bf\u30f3\u30b9\u306b\u58f2\u5374\u3057\u307e\u3057\u305f\u3002DeNA\u306f\u3001\u30aa\u30fc\u30b9\u30bf\u30f3\u30b9\u304b\u3089\u306e\u4e8b\u696d\u8b72\u6e21\u306e\u6253\u8a3a\u3092\u53d7\u3051\u3066\u3001\u4e8b\u696d\u30921,100\u4e07\u5186\u3067\u58f2\u5374\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">\u30d5\u30a9\u30fc\u30d0\u30eb\u30c6\u30ec\u30b3\u30e0\u304c\u5e83\u5cf6\u4e8b\u696d\u90e8\u3092\u58f2\u5374\u3057\u305f\u4e8b\u4f8b<\/h4>\n\n\n\n<p>\u901a\u4fe1\u30b5\u30fc\u30d3\u30b9\u306e\u63d0\u4f9b\u306a\u3069\u3092\u624b\u639b\u3051\u308b\u682a\u5f0f\u4f1a\u793e\u30d5\u30a9\u30fc\u30d0\u30eb\u30c6\u30ec\u30b3\u30e0\u306f\u3001\u9023\u7d50\u5b50\u4f1a\u793e\u3067\u3042\u308b\u682a\u5f0f\u4f1a\u793e\u30c8\u30e9\u30a4\u30fb\u30a8\u30c3\u30af\u30b9\u306e\u5e83\u5cf6\u4e8b\u696d\u90e8\u3092\u682a\u5f0f\u4f1a\u793e\u30c8\u30e9\u30a4\u30b5\u30af\u30bb\u30b9\u306b\u58f2\u5374\u3057\u307e\u3057\u305f\u3002\u58f2\u5374\u306f\u3001\u5e83\u5cf6\u4e8b\u696d\u90e8\u306e\u72ec\u7acb\u306e\u7533\u8acb\u3092\u53d7\u3051\u3066\u30013\u51048,000\u4e07\u5186\u3067\u884c\u308f\u308c\u3066\u3044\u307e\u3059\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=\"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-22\" class=\"wp-block-heading\">\u4e8b\u696d\u58f2\u5374\u306e\u76f8\u5834\u306e\u307e\u3068\u3081<\/h2>\n\n\n\n<p>\u4e8b\u696d\u58f2\u5374\u306e\u969b\u306b\u306f\u3001\u3042\u3089\u304b\u3058\u3081\u76f8\u5834\u306b\u3064\u3044\u3066\u5165\u5ff5\u306b\u8abf\u3079\u307e\u3057\u3087\u3046\u3002\u76f8\u5834\u3092\u628a\u63e1\u3057\u3066\u304a\u3051\u3070\u3001\u3088\u308a\u6709\u5229\u306a\u6761\u4ef6\u3092\u5f15\u304d\u51fa\u305b\u308b\u53ef\u80fd\u6027\u304c\u9ad8\u307e\u308a\u307e\u3059\u3002\u4e8b\u696d\u58f2\u5374\u306b\u3064\u3044\u3066\u306f\u3001\u5c02\u9580\u5bb6\u306b\u76f8\u8ac7\u3059\u308b\u306e\u3082\u6709\u52b9\u306a\u65b9\u6cd5\u306e\u3072\u3068\u3064\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\u3067\u3042\u308b\u3053\u3068\u304b\u3089\u3001M&amp;A\uff08\u7b2c\u4e09\u8005\u3078\u306e\u627f\u7d99\uff09\u3042\u308a\u304d\u306e\u63d0\u6848\u3067\u306f\u306a\u304f\u3001\u4e8b\u696d\u6240\u5185\u627f\u7d99\u3001\u89aa\u65cf\u5185\u627f\u7d99\u306a\u3069\u8907\u6570\u306e\u9078\u629e\u80a2\u306e\u30e1\u30ea\u30c3\u30c8\u30fb\u30c7\u30e1\u30ea\u30c3\u30c8\u3092\u6bd4\u8f03\u3057\u3066\u9078\u629e\u53ef\u80fd\u306a\u63d0\u6848\u3092\u3057\u3066\u3044\u307e\u3059\u3002M&amp;A\u306b\u4ed8\u304d\u7269\u3067\u3042\u308b\u76f8\u7d9a\u5bfe\u7b56\u306b\u3082\u30ef\u30f3\u30b9\u30c8\u30c3\u30d7\u3067\u5bfe\u5fdc\u3067\u304d\u307e\u3059\u3002\u4e8b\u696d\u58f2\u5374\u3092\u691c\u8a0e\u3057\u3066\u3044\u308b\u5834\u5408\u306f\u3001\u307f\u3064\u304d\u30b3\u30f3\u30b5\u30eb\u30c6\u30a3\u30f3\u30b0\u306b\u305c\u3072\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    <\/div>\n<\/div>","protected":false},"author":4,"featured_media":2223,"template":"","meta":{"cybocfi_hide_featured_image":"yes"},"class_list":["post-1892","column","type-column","status-publish","has-post-thumbnail","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/mitsukijapan.com\/ma\/wp-json\/wp\/v2\/column\/1892","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mitsukijapan.com\/ma\/wp-json\/wp\/v2\/column"}],"about":[{"href":"https:\/\/mitsukijapan.com\/ma\/wp-json\/wp\/v2\/types\/column"}],"author":[{"embeddable":true,"href":"https:\/\/mitsukijapan.com\/ma\/wp-json\/wp\/v2\/users\/4"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mitsukijapan.com\/ma\/wp-json\/wp\/v2\/media\/2223"}],"wp:attachment":[{"href":"https:\/\/mitsukijapan.com\/ma\/wp-json\/wp\/v2\/media?parent=1892"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}