{"id":2161,"date":"2025-11-10T16:59:37","date_gmt":"2025-11-10T07:59:37","guid":{"rendered":"https:\/\/mitsukijapan.com\/ma\/?post_type=column&#038;p=2161"},"modified":"2025-11-10T16:59:38","modified_gmt":"2025-11-10T07:59:38","slug":"explains-how-to-use-eps-to-gain-insight-into-a-companys-true-value","status":"publish","type":"column","link":"https:\/\/mitsukijapan.com\/ma\/column\/explains-how-to-use-eps-to-gain-insight-into-a-companys-true-value\/","title":{"rendered":"EPS\u3068\u306f\uff1f\u8a08\u7b97\u5f0f\u3068\u6c42\u3081\u65b9\u30fbPER\u3068\u306e\u9055\u3044\u30fb\u4f01\u696d\u4fa1\u5024\u3068\u306e\u95a2\u4fc2"},"content":{"rendered":"\n<p>EPS\u3068\u306f\u3001\u4f01\u696d\u306e1\u682a\u5f53\u305f\u308a\u306e\u5f53\u671f\u7d14\u5229\u76ca\u3067\u3059\u3002\u672c\u8a18\u4e8b\u3067\u306f\u8a08\u7b97\u5f0f\u3068\u5e0c\u8584\u5316EPS\u3092\u57fa\u790e\u304b\u3089\u89e3\u8aac\u3057\u3001M&amp;A\u53d6\u5f15\u3067\u306e\u30b7\u30ca\u30b8\u30fc\u6e2c\u5b9a\u3084\u4f01\u696d\u4fa1\u5024\u5411\u4e0a\u7b56\u3078\u306e\u5fdc\u7528\u65b9\u6cd5\u3092\u8a73\u3057\u304f\u7d39\u4ecb\u3057\u307e\u3059\u3002\u53ce\u76ca\u6027\u30fb\u682a\u5f0f\u6570\u306e\u5909\u52d5\u8981\u56e0\u3084PER\u30fbROE\u3068\u306e\u95a2\u4fc2\u307e\u3067\u7db2\u7f85\u3057\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=\"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\">EPS\uff08\uff11\u682a\u5f53\u305f\u308a\u7d14\u5229\u76ca\uff09\u3068\u306f<\/a><\/li><li><a href=\"#arkb-toc-1\" class=\"ark-block-toc__link\">EPS\u306e\u8a08\u7b97\u5f0f\u3068\u5177\u4f53\u4f8b<\/a><ol class=\"ark-block-toc__list\" data-level=\"3\"><li><a href=\"#arkb-toc-2\" class=\"ark-block-toc__link\">\u5177\u4f53\u7684\u306a\u8a08\u7b97\u4f8b<\/a><\/li><li><a href=\"#arkb-toc-3\" class=\"ark-block-toc__link\">\u5e0c\u8584\u5316EPS\u306e\u8a08\u7b97\u65b9\u6cd5<\/a><\/li><\/ol><\/li><li><a href=\"#arkb-toc-4\" class=\"ark-block-toc__link\">EPS\u306b\u95a2\u9023\u3059\u308b\u8ca1\u52d9\u6307\u6a19<\/a><ol class=\"ark-block-toc__list\" data-level=\"3\"><li><a href=\"#arkb-toc-5\" class=\"ark-block-toc__link\">PER\u3068EPS\u306e\u95a2\u4fc2<\/a><\/li><li><a href=\"#arkb-toc-6\" class=\"ark-block-toc__link\">ROE\u3068EPS\u306e\u76f8\u4e92\u4f5c\u7528<\/a><\/li><li><a href=\"#arkb-toc-7\" class=\"ark-block-toc__link\">BPS\u3068EPS\u306e\u6bd4\u8f03<\/a><\/li><\/ol><\/li><li><a href=\"#arkb-toc-8\" class=\"ark-block-toc__link\">EPS\u3068\u4f01\u696d\u4fa1\u5024\u306e\u95a2\u4fc2<\/a><ol class=\"ark-block-toc__list\" data-level=\"3\"><li><a href=\"#arkb-toc-9\" class=\"ark-block-toc__link\">EPS\u306b\u5bfe\u3059\u308b\u7d4c\u55b6\u8005\u306e\u8996\u70b9\uff08\u4e3b\u306bM&amp;A\u306e\u89b3\u70b9\u304b\u3089\uff09<\/a><\/li><li><a href=\"#arkb-toc-10\" class=\"ark-block-toc__link\">EPS\u306b\u5bfe\u3059\u308b\u4e00\u822c\u6295\u8cc7\u5bb6\u306e\u8996\u70b9<\/a><\/li><\/ol><\/li><li><a href=\"#arkb-toc-11\" class=\"ark-block-toc__link\">EPS\u306e\u8a08\u7b97\u306e\u4ed5\u65b9\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\"><strong>EPS\uff08\uff11\u682a\u5f53\u305f\u308a\u7d14\u5229\u76ca\uff09\u3068\u306f<\/strong><\/h2>\n\n\n\n<p>EPS\u306f\u3001\u300cEarnings Per Share\u300d\u306e\u7565\u3067\u3001\u65e5\u672c\u8a9e\u3067\u306f1\u682a\u5f53\u305f\u308a\u5f53\u671f\u7d14\u5229\u76ca\u3092\u610f\u5473\u3057\u307e\u3059\u3002\u4f01\u696d\u304c\u4e00\u5b9a\u671f\u9593\u306b\u7a3c\u3044\u3060\u7a0e\u5f15\u5f8c\u5229\u76ca\u3092\u767a\u884c\u6e08\u682a\u5f0f\u6570\u3067\u5272\u3063\u3066\u6c42\u3081\u308b\u305f\u3081\u3001\u682a\u4e3b\u4e00\u4eba\u3072\u3068\u308a\u306b\u5e30\u5c5e\u3059\u308b\u5229\u76ca\u6c34\u6e96\u3092\u76f4\u63a5\u793a\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u4f01\u696d\u306e\u53ce\u76ca\u529b\u3092\u7aef\u7684\u306b\u628a\u63e1\u3067\u304d\u308b<\/li>\n\n\n\n<li>\u682a\u4e3b\u304c\u671f\u5f85\u3067\u304d\u308b\u30ea\u30bf\u30fc\u30f3\u3092\u793a\u3059\u7269\u5dee\u3057\u306b\u306a\u308b<\/li>\n\n\n\n<li>\u696d\u7a2e\u3084\u898f\u6a21\u306e\u7570\u306a\u308b\u4f01\u696d\u540c\u58eb\u3067\u3082\u6bd4\u8f03\u304c\u5bb9\u6613<\/li>\n\n\n\n<li>M&amp;A\u53d6\u5f15\u3067\u682a\u4e3b\u4fa1\u5024\u304c\u3069\u306e\u3088\u3046\u306b\u5909\u52d5\u3059\u308b\u304b\u3092\u6e2c\u5b9a\u3067\u304d\u308b<\/li>\n<\/ul>\n\n\n\n<p>\u305f\u3068\u3048\u3070\u5f53\u671f\u7d14\u5229\u76ca\u304c10\u5104\u5186\u3001\u767a\u884c\u6e08\u682a\u5f0f\u6570\u304c1,000\u4e07\u682a\u3067\u3042\u308c\u3070\u3001EPS\u306f100\u5186\u3067\u3059\u3002\u6570\u5024\u304c\u5927\u304d\u3044\u307b\u3069\u300c1\u682a\u304c\u7a3c\u3050\u5229\u76ca\u300d\u304c\u539a\u304f\u3001\u682a\u4e3b\u306b\u3068\u3063\u3066\u9b45\u529b\u7684\u3068\u3044\u3048\u307e\u3059\u3002\u305f\u3060\u3057EPS\u5358\u72ec\u3067\u306e\u5224\u65ad\u306f\u5371\u967a\u3067\u3001\u6210\u9577\u7387\u3084\u696d\u754c\u5e73\u5747\u3068\u7d44\u307f\u5408\u308f\u305b\u305f\u5206\u6790\u304c\u6b20\u304b\u305b\u307e\u305b\u3093\u3002\u200b<\/p>\n\n\n\n<h2 id=\"arkb-toc-1\" class=\"wp-block-heading\"><strong>EPS\u306e\u8a08\u7b97\u5f0f\u3068\u5177\u4f53\u4f8b<\/strong><\/h2>\n\n\n\n<p>EPS\u306e\u8a08\u7b97\u5f0f\u306f\u6975\u3081\u3066\u30b7\u30f3\u30d7\u30eb\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"has-text-align-center has-xlarge-font-size\">EPS\uff1d\u5f53\u671f\u7d14\u5229\u76ca \u00f7 \u767a\u884c\u6e08\u682a\u5f0f\u6570<\/p>\n\n\n\n<p>\u7d14\u5229\u76ca\u306b\u306f\u6cd5\u4eba\u7a0e\u7b49\u63a7\u9664\u5f8c\u306e\u6700\u7d42\u5229\u76ca\u3092\u7528\u3044\u3001\u81ea\u5df1\u682a\u5f0f\u306f\u901a\u5e38\u5206\u6bcd\u304b\u3089\u9664\u5916\u3057\u307e\u3059\u3002\u7cbe\u5ea6\u3092\u9ad8\u3081\u305f\u3044\u5834\u5408\u306f\u300c\u671f\u4e2d\u5e73\u5747\u682a\u5f0f\u6570\u300d\u3092\u4f7f\u3046\u3068\u767a\u884c\u30fb\u6d88\u5374\u306e\u30bf\u30a4\u30df\u30f3\u30b0\u3092\u5747\u3059\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002<\/p>\n\n\n\n<h3 id=\"arkb-toc-2\" class=\"wp-block-heading\">\u5177\u4f53\u7684\u306a<strong>\u8a08\u7b97\u4f8b<\/strong><\/h3>\n\n\n\n<p>\u5f53\u671f\u7d14\u5229\u76ca\u304c\uff11\u5104\u5186\u3001\u767a\u884c\u6e08\u682a\u5f0f\u6570\u304c200\u682a\u306e\u5834\u5408\u3001EPS\u306f\u4ee5\u4e0b\u3068\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"has-large-font-size\">EPS \uff1d 1\u5104\u5186 \u00f7 200\u682a \uff1d 50\u4e07\u5186<\/p>\n\n\n\n<h3 id=\"arkb-toc-3\" class=\"wp-block-heading\"><strong>\u5e0c\u8584\u5316EPS\u306e\u8a08\u7b97\u65b9\u6cd5<\/strong><\/h3>\n\n\n\n<p>\u30b9\u30c8\u30c3\u30af\u30aa\u30d7\u30b7\u30e7\u30f3\u3084\u8ee2\u63db\u793e\u50b5\u306a\u3069\u5c06\u6765\u682a\u5f0f\u306b\u8ee2\u63db\u3055\u308c\u308b\u53ef\u80fd\u6027\u306e\u3042\u308b\u300c\u6f5c\u5728\u682a\u5f0f\u300d\u304c\u3042\u308b\u5834\u5408\u3001\u305d\u308c\u3089\u3092EPS\u306b\u53cd\u6620\u3055\u305b\u305f\u3082\u306e\u304c\u5e0c\u8584\u5316EPS\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"has-large-font-size\">\u5e0c\u8584\u5316EPS\uff1d(\u5f53\u671f\u7d14\u5229\u76ca\uff0d\u512a\u5148\u682a\u914d\u5f53) \u00f7 (\u671f\u4e2d\u5e73\u5747\u767a\u884c\u6e08\u682a\u5f0f\u6570\uff0b\u6f5c\u5728\u682a\u5f0f\u6570)<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>\u5e0c\u8584\u5316EPS\u306e\u5177\u4f53\u7684\u306a\u8a08\u7b97\u4f8b<\/strong><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u5f53\u671f\u7d14\u5229\u76ca\uff1a\uff15\u5104\u5186<\/li>\n\n\n\n<li>\u512a\u5148\u682a\u914d\u5f53\uff1a1\u5104\u5186<\/li>\n\n\n\n<li>\u671f\u4e2d\u5e73\u5747\u682a\u5f0f\u6570\uff1a100\u4e07\u682a<\/li>\n\n\n\n<li>\u6f5c\u5728\u682a\u5f0f\u6570\uff1a1\u4e07\u682a<\/li>\n<\/ul>\n\n\n\n<p>\u4e0a\u8a18\u306e\u5834\u5408\u3001\u5e0c\u8584\u5316EPS\u306f\u4ee5\u4e0b\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"has-large-font-size\">\u5e0c\u8584\u5316EPS\uff1d(\uff15\u5104\u5186\uff0d1\u5104\u5186) \u00f7 (100\u4e07\u682a\uff0b1\u4e07\u682a) \uff1d \u7d04396\u5186<\/p>\n\n\n\n<p>\u6f5c\u5728\u682a\u5f0f\u304c\u5897\u3048\u308b\u307b\u30691\u682a\u5f53\u305f\u308a\u306e\u5229\u76ca\u306f\u8584\u307e\u308a\u3001\u6570\u5024\u306f\u57fa\u672cEPS\u3088\u308a\u4f4e\u304f\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"has-luminous-vivid-orange-color has-text-color has-link-color wp-elements-03e39b45cfbadf1a445b13d6219067a7\"><a href=\"https:\/\/mitsukijapan.com\/ma\/valuations\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u4f01\u696d\u4fa1\u5024\u3092\u7121\u6599\u3067\u30b7\u30df\u30e5\u30ec\u30fc\u30b7\u30e7\u30f3\u3059\u308b \uff1e<\/a><\/p>\n\n\n\n<h2 id=\"arkb-toc-4\" class=\"wp-block-heading\"><strong>EPS\u306b<\/strong>\u95a2\u9023\u3059\u308b<strong>\u8ca1\u52d9\u6307\u6a19<\/strong><\/h2>\n\n\n\n<p>EPS\u306b\u95a2\u4fc2\u306e\u6df1\u3044\u8ca1\u52d9\u6307\u6a19\u3068\u306e\u95a2\u4fc2\u3092\u89e3\u8aac\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<h3 id=\"arkb-toc-5\" class=\"wp-block-heading\"><strong>PER\u3068EPS\u306e\u95a2\u4fc2<\/strong><\/h3>\n\n\n\n<p>PER\uff08\u682a\u4fa1\u53ce\u76ca\u7387\uff09\u306f\u300c\u682a\u4fa1\u00f7EPS\u300d\u3067\u6c42\u3081\u3089\u308c\u3001\u682a\u4fa1\u304c\u5229\u76ca\u6c34\u6e96\u306b\u5bfe\u3057\u3066\u5272\u9ad8\u304b\u5272\u5b89\u304b\u3092\u6e2c\u308b\u5c3a\u5ea6\u3067\u3059\u3002EPS\u304c\u4e00\u5b9a\u306a\u3089\u682a\u4fa1\u304c\u4e0a\u304c\u308b\u307b\u3069PER\u306f\u9ad8\u304f\u306a\u308a\u3001\u9006\u306bEPS\u304c\u4e0a\u304c\u308c\u3070PER\u306f\u4f4e\u4e0b\u3057\u307e\u3059\u3002\u540c\u696d\u7a2e\u5185\u3067\u4f4ePER\u304b\u3064\u9ad8EPS\u306e\u4f01\u696d\u306f\u3001\u76f8\u5bfe\u7684\u306b\u5272\u5b89\u3068\u8a55\u4fa1\u3055\u308c\u3084\u3059\u3044\u4e00\u65b9\u3001\u6210\u9577\u6295\u8cc7\u304c\u505c\u6ede\u3057\u3066\u3044\u308b\u53ef\u80fd\u6027\u3082\u3042\u308b\u305f\u3081\u6ce8\u610f\u304c\u5fc5\u8981\u3067\u3059\u3002\u200b<\/p>\n\n\n\n<p class=\"has-arkb-anchor-color has-text-color has-link-color wp-elements-7aafc2d4739258f7e75b1e8d6a1d8c64\">\u25b7\u95a2\u9023\uff1a<a href=\"https:\/\/mitsukijapan.com\/ma\/column\/price-earnings-ratio-per-complete-strategy-how-to-find-undervalued-stocks\/\">PER\u3068\u306f\uff1f\u682a\u4fa1\u53ce\u76ca\u7387\u306e\u8a08\u7b97\u5f0f\u30fbPBR\u3068\u306e\u9055\u3044\u30fb\u5272\u5b89\u5272\u9ad8\u306e\u76ee\u5b89<\/a><\/p>\n\n\n\n<h3 id=\"arkb-toc-6\" class=\"wp-block-heading\"><strong>ROE\u3068EPS\u306e\u76f8\u4e92\u4f5c\u7528<\/strong><\/h3>\n\n\n\n<p>ROE\uff08\u81ea\u5df1\u8cc7\u672c\u5229\u76ca\u7387\uff09\u306f\u300c\u5f53\u671f\u7d14\u5229\u76ca \u00f7 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class=\"wp-block-heading\"><strong>BPS\u3068EPS\u306e\u6bd4\u8f03<\/strong><\/h3>\n\n\n\n<p>BPS\uff081\u682a\u5f53\u305f\u308a\u7d14\u8cc7\u7523\uff09\u306f\u300c\u682a\u4e3b\u304c\u6301\u3064\u8cc7\u7523\u4fa1\u5024\u300d\u3092\u793a\u3059\u305f\u3081\u3001\u77ed\u671f\u7684\u306a\u53ce\u76ca\u3092\u6620\u3059EPS\u3068\u306f\u88dc\u5b8c\u95a2\u4fc2\u306b\u3042\u308a\u307e\u3059\u3002EPS100\u5186\u3001BPS1,000\u5186\u306a\u3089BPS\u306b\u5bfe\u3059\u308b\u53ce\u76ca\u7387\u306f10%\u3002\u4e21\u8005\u3092\u4f75\u305b\u3066\u5206\u6790\u3059\u308b\u3068\u3001\u53ce\u76ca\u529b\u3068\u8ca1\u52d9\u5065\u5168\u6027\u3092\u540c\u6642\u306b\u8a55\u4fa1\u3067\u304d\u3001\u9069\u6b63\u306aM&amp;A\u4fa1\u683c\u306e\u898b\u6975\u3081\u306b\u5f79\u7acb\u3061\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"has-arkb-anchor-color has-text-color has-link-color wp-elements-a5961c622b91f70e659fd60dbcc16fd7\">\u25b7\u95a2\u9023\uff1a<a href=\"https:\/\/mitsukijapan.com\/ma\/column\/market-capitalization\/\">\u6642\u4fa1\u7dcf\u984d\u306e\u8a08\u7b97\u65b9\u6cd5\uff5c\u4f01\u696d\u4fa1\u5024\u3084\u682a\u4e3b\u4fa1\u5024\u3068\u306e\u9055\u3044\u30fb\u76ee\u5b89\u30fb\u975e\u4e0a\u5834\u682a\u4fa1<\/a><\/p>\n\n\n\n<h2 id=\"arkb-toc-8\" class=\"wp-block-heading\"><strong>EPS\u3068\u4f01\u696d\u4fa1\u5024\u306e\u95a2\u4fc2<\/strong><\/h2>\n\n\n\n<p>\u69d8\u3005\u306a\u7528\u9014\u304c\u3042\u308bEPS\u3067\u3059\u304c\u3001\u7d4c\u55b6\u8005\uff08\u4e3b\u306bM&amp;A\u306e\u89b3\u70b9\u304b\u3089\uff09\u3068\u4e00\u822c\u6295\u8cc7\u5bb6\u306b\u533a\u5206\u3057\u3066\u3001\u305d\u308c\u305e\u308c\u306e\u898b\u65b9\u3092\u7d39\u4ecb\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<h3 id=\"arkb-toc-9\" class=\"wp-block-heading\">EPS\u306b\u5bfe\u3059\u308b\u7d4c\u55b6\u8005\u306e\u8996\u70b9\uff08\u4e3b\u306bM&amp;A\u306e\u89b3\u70b9\u304b\u3089\uff09<\/h3>\n\n\n\n<p>M&amp;A\u306b\u304a\u3051\u308bEPS\u5411\u4e0a\u3068\u30b7\u30ca\u30b8\u30fc\u52b9\u679c\u306e\u6d3b\u7528\u65b9\u6cd5\u3092\u4e0b\u8868\u306b\u307e\u3068\u3081\u307e\u3057\u305f\u3002\u7d4c\u55b6\u8005\u306b\u3068\u3063\u3066EPS\u5411\u4e0a\u306f\u682a\u4e3b\u4fa1\u5024\u5411\u4e0a\u306e\u91cd\u8981\u76ee\u6a19\u3067\u3042\u308a\u3001\u9069\u5207\u306a\u30b7\u30df\u30e5\u30ec\u30fc\u30b7\u30e7\u30f3\u3068\u6226\u7565\u5b9f\u884c\u304c\u6210\u529f\u306e\u9375\u3068\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table 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class=\"wp-block-heading\">EPS\u306b\u5bfe\u3059\u308b\u4e00\u822c<strong>\u6295\u8cc7\u5bb6\u306e\u8996\u70b9<\/strong><\/h3>\n\n\n\n<p>\u6295\u8cc7\u5bb6\u306fEPS\u3092\u901a\u3058\u3066\u9298\u67c4\u306e\u53ce\u76ca\u6027\u3068\u5c06\u6765\u306e\u914d\u5f53\u4f59\u529b\u3092\u5224\u65ad\u3057\u307e\u3059\u3002EPS\u304c\u6301\u7d9a\u7684\u306b\u6210\u9577\u3057\u3066\u3044\u308c\u3070\u682a\u4fa1\u4e0a\u6607\u306e\u539f\u52d5\u529b\u3068\u306a\u308a\u3001PER\u3092\u9ad8\u3081\u306b\u8a31\u5bb9\u3059\u308b\u3053\u3068\u3082\u3042\u308a\u307e\u3059\u3002\u53cd\u5bfe\u306bEPS\u304c\u5e0c\u8584\u5316\u65b9\u5411\u3078\u9032\u3080\u5834\u5408\u3001\u682a\u4fa1\u306f\u30cd\u30ac\u30c6\u30a3\u30d6\u306b\u53cd\u5fdc\u3059\u308b\u50be\u5411\u304c\u5f37\u304f\u3001M&amp;A\u767a\u8868\u76f4\u5f8c\u306e\u5e02\u5834\u8a55\u4fa1\u306b\u3082\u5f71\u97ff\u3057\u307e\u3059\u3002EPS\u306e\u6210\u9577\u6027\u8a55\u4fa1\u3068\u5909\u52d5\u8981\u56e0\u3092\u4e0b\u8868\u306b\u307e\u3068\u3081\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table><thead><tr><th>\u8a55\u4fa1\u9805\u76ee\u30fb\u5909\u52d5\u8981\u56e0<\/th><th>\u8a73\u7d30\u5185\u5bb9\u3068\u7559\u610f\u70b9<\/th><\/tr><\/thead><tbody><tr><td>EPS\u306e\u6210\u9577\u7387\u3067\u898b\u308b\u4f01\u696d\u306e\u4f38\u3073\u3057\u308d<\/td><td>\u5358\u5e74\u306eEPS\u304c\u9ad8\u304f\u3066\u3082\u3001\u904e\u53bb\u304b\u3089\u306e\u4f38\u3073\u304c\u4e4f\u3057\u3051\u308c\u3070\u5c06\u6765\u306e\u5229\u76ca\u5275\u51fa\u529b\u306f\u9650\u5b9a\u7684\u304b\u3082\u3057\u308c\u307e\u305b\u3093\u3002\u305d\u306e\u305f\u3081\u6295\u8cc7\u5bb6\u306f\u3001<br><strong>EPS\u6210\u9577\u7387\uff1d\uff08\u5f53\u671fEPS\uff0d\u524d\u671fEPS\uff09\u00f7\u524d\u671fEPS\u00d7100<\/strong><br>\u3092\u7528\u3044\u3066\u30c8\u30ec\u30f3\u30c9\u3092\u78ba\u8a8d\u3057\u307e\u3059\u3002\u4e00\u822c\u306b\u5e74\u738710%\u4ee5\u4e0a\u306e\u8907\u5229\u6210\u9577\u304c\u7d9a\u304f\u4f01\u696d\u306f\u5229\u76ca\u3092\u81ea\u5df1\u5897\u6b96\u3055\u305b\u308b\u529b\u304c\u5f37\u3044\u3068\u8a55\u4fa1\u3055\u308c\u3001M&amp;A\u306e\u8cb7\u53ce\u5bfe\u8c61\u3068\u3057\u3066\u3082\u4eba\u6c17\u304c\u9ad8\u307e\u308a\u307e\u3059\u3002\u4e00\u65b9\u3001\u6025\u6fc0\u306a\u6210\u9577\u3092\u793a\u3059\u4f01\u696d\u3067\u3082\u4e00\u6642\u7684\u306a\u7279\u5225\u5229\u76ca\u304c\u8981\u56e0\u3067\u3042\u308c\u3070\u6301\u7d9a\u53ef\u80fd\u6027\u306f\u4f4e\u3044\u306e\u3067\u6ce8\u610f\u304c\u5fc5\u8981\u3067\u3059\u3002<\/td><\/tr><tr><td>EPS\u30c7\u30fc\u30bf\u306e\u78ba\u8a8d\u624b\u6bb5<\/td><td>\u5b9f\u52d9\u3067\u306f\u8a3c\u5238\u60c5\u5831\u30b5\u30a4\u30c8\u3001\u4f01\u696d\u306eIR\u30da\u30fc\u30b8\u3001\u305d\u3057\u3066\u6c7a\u7b97\u77ed\u4fe1\u304c\u4e3b\u8981\u30bd\u30fc\u30b9\u3067\u3059\u3002\u6c7a\u7b97\u77ed\u4fe1\u306b\u306f\u6f5c\u5728\u682a\u5f0f\u6570\u3084\u512a\u5148\u682a\u914d\u5f53\u3068\u3044\u3063\u305f\u5e0c\u8584\u5316\u8a08\u7b97\u306b\u5fc5\u9808\u306e\u30c7\u30fc\u30bf\u304c\u8f09\u3063\u3066\u3044\u307e\u3059\u3002\u56db\u534a\u671f\u3054\u3068\u306b\u63a8\u79fb\u3092\u4e00\u89a7\u8868\u306b\u3059\u308b\u3068\u3001\u5b63\u7bc0\u5909\u52d5\u3084\u4f1a\u8a08\u65b9\u91dd\u5909\u66f4\u306b\u3088\u308b\u30d6\u30ec\u3082\u4e00\u76ee\u3067\u628a\u63e1\u3067\u304d\u307e\u3059\u3002<\/td><\/tr><tr><td>\u53ce\u76ca\u6027\u306e\u5909\u5316<\/td><td>\u58f2\u4e0a\u9ad8\u3084\u5229\u76ca\u7387\u304c\u4e0a\u6607\u3059\u308c\u3070\u7d14\u5229\u76ca\u304c\u5897\u3048\u3001EPS\u306f\u62e1\u5927\u3057\u307e\u3059\u3002\u4f8b\u3048\u3070\u58f2\u4e0a20%\u5897\u3067\u5229\u76ca\u7387\u304c\u7dad\u6301\u3055\u308c\u308c\u3070\u3001\u767a\u884c\u6e08\u682a\u5f0f\u6570\u304c\u4e00\u5b9a\u3068\u3057\u3066EPS\u308220%\u524d\u5f8c\u4e0a\u6607\u3057\u307e\u3059\u3002\u305f\u3060\u3057\u5186\u5b89\u306a\u3069\u5916\u90e8\u8981\u56e0\u306b\u3088\u308b\u5229\u76ca\u5897\u306f\u4e00\u904e\u6027\u3067\u3042\u308b\u5834\u5408\u304c\u3042\u308a\u3001\u6301\u7d9a\u6027\u306e\u898b\u6975\u3081\u304c\u6b20\u304b\u305b\u307e\u305b\u3093\u3002<\/td><\/tr><tr><td>\u682a\u5f0f\u6570\u306e\u5909\u52d5<\/td><td>\u65b0\u682a\u767a\u884c\u3084\u682a\u5f0f\u4ea4\u63db\u306f\u682a\u5f0f\u6570\u3092\u5897\u3084\u3057EPS\u3092\u5e0c\u8584\u5316\u3055\u305b\u307e\u3059\u3002\u53cd\u5bfe\u306b\u81ea\u793e\u682a\u8cb7\u3044\u3084\u682a\u5f0f\u4f75\u5408\u306f\u682a\u5f0f\u6570\u3092\u6e1b\u3089\u3057EPS\u3092\u62bc\u3057\u4e0a\u3052\u307e\u3059\u3002\u8cc7\u91d1\u8abf\u9054\u76ee\u7684\u306e\u5897\u8cc7\u304cEPS\u3092\u4e0b\u3052\u3066\u3082\u3001\u8abf\u9054\u8cc7\u91d1\u304c\u9ad8\u53ce\u76ca\u4e8b\u696d\u306b\u6295\u4e0b\u3055\u308c\u5c06\u6765\u306e\u5229\u76ca\u62e1\u5927\u306b\u3064\u306a\u304c\u308b\u5834\u5408\u306f\u4e2d\u9577\u671f\u3067\u30d7\u30e9\u30b9\u306b\u8ee2\u3058\u308b\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u3002<\/td><\/tr><tr><td>\u4f1a\u8a08\u51e6\u7406\u306e\u9055\u3044\u304c\u3082\u305f\u3089\u3059\u6570\u5024\u306e\u3076\u308c<\/td><td>\u65e5\u672c\u57fa\u6e96\u3068IFRS\u3067\u306f\u306e\u308c\u3093\u511f\u5374\u3084\u7814\u7a76\u958b\u767a\u8cbb\u306e\u8cc7\u7523\u8a08\u4e0a\u30eb\u30fc\u30eb\u304c\u7570\u306a\u308b\u305f\u3081\u3001\u540c\u3058\u4e8b\u696d\u69cb\u9020\u3067\u3082EPS\u306b\u5dee\u304c\u51fa\u308b\u5834\u5408\u304c\u3042\u308a\u307e\u3059\u3002\u4f8b\u3048\u3070IFRS\u9069\u7528\u4f1a\u793e\u306f\u306e\u308c\u3093\u3092\u6bce\u671f\u511f\u5374\u3057\u306a\u3044\u305f\u3081\u3001\u77ed\u671f\u7684\u306b\u306fEPS\u304c\u9ad8\u6b62\u307e\u308a\u3057\u3084\u3059\u304f\u306a\u308a\u307e\u3059\u3002\u3053\u306e\u3088\u3046\u306a\u4f1a\u8a08\u5dee\u3092\u8abf\u6574\u305b\u305a\u306b\u6d77\u5916\u4f01\u696d\u3068\u6bd4\u8f03\u3059\u308b\u3068\u8a55\u4fa1\u3092\u8aa4\u308b\u5371\u967a\u304c\u3042\u308b\u306e\u3067\u3001M&amp;A\u30af\u30ed\u30b9\u30dc\u30fc\u30c0\u30fc\u6848\u4ef6\u3067\u306f\u5fc5\u305a\u30ea\u30ad\u30e3\u30b9\u30c8\u3092\u884c\u3046\u306e\u304c\u30d7\u30ed\u306e\u4f5c\u6cd5\u3067\u3059\u3002<\/td><\/tr><tr><td>\u4e00\u6642\u7684\u8981\u56e0\u3092\u9664\u5916\u3059\u308b\u8996\u70b9<\/td><td>\u81ea\u7136\u707d\u5bb3\u3084\u5927\u578b\u8a2d\u5099\u58f2\u5374\u76ca\u306a\u3069\u5076\u767a\u7684\u30a4\u30d9\u30f3\u30c8\u306fEPS\u3092\u6b6a\u3081\u307e\u3059\u3002\u8ca1\u52d9\u5206\u6790\u3067\u306f\u8abf\u6574\u5f8cEPS\u3092\u7b97\u51fa\u3057\u3001\u672c\u696d\u306e\u7a3c\u3050\u529b\u3092\u898b\u6975\u3081\u305f\u3046\u3048\u3067M&amp;A\u4fa1\u683c\u3092\u8a2d\u5b9a\u3057\u307e\u3059\u3002<\/td><\/tr><tr><td>\u904e\u53bb\u30c8\u30ec\u30f3\u30c9\u306e\u6398\u308a\u4e0b\u3052<\/td><td>EPS\u304c\u4e00\u6642\u7684\u306b\u8df3\u306d\u4e0a\u304c\u3063\u305f\u5e74\u5ea6\u304c\u3042\u308b\u5834\u5408\u306f\u3001\u56fa\u5b9a\u8cc7\u7523\u58f2\u5374\u76ca\u306a\u3069\u975e\u53cd\u5fa9\u7684\u8981\u56e0\u3092\u9664\u5916\u3057\u3001\u306a\u3060\u3089\u304b\u306a\u30c8\u30ec\u30f3\u30c9\u3067\u518d\u63cf\u753b\u3057\u307e\u3059\u3002\u3053\u308c\u306b\u3088\u308a\u5c06\u6765\u4e88\u6e2c\u306e\u30d9\u30fc\u30b9\u30e9\u30a4\u30f3\u304c\u73fe\u5b9f\u7684\u306b\u306a\u308a\u307e\u3059\u3002<\/td><\/tr><tr><td>\u81ea\u793e\u682a\u8cb7\u3044\u3068EPS\u306e\u95a2\u4fc2<\/td><td><a href=\"https:\/\/mitsukijapan.com\/ma\/column\/what-are-the-benefits-of-share-buybacks-includes-information-on-the-impact-on-stock-price-and-how-to-calculate-it\/\" target=\"_blank\" rel=\"noreferrer noopener\"><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-arkb-anchor-color\">\u81ea\u793e\u682a\u8cb7\u3044<\/mark><\/a>\u3092\u5b9f\u65bd\u3059\u308b\u3068\u767a\u884c\u6e08\u682a\u5f0f\u6570\u304c\u6e1b\u308a\u3001\u7d14\u5229\u76ca\u304c\u4e00\u5b9a\u3067\u3082EPS\u306f\u4e0a\u6607\u3057\u307e\u3059\u3002\u305f\u3060\u3057\u8cb7\u4ed8\u8cc7\u91d1\u304c\u6e1b\u5c11\u3059\u308b\u3053\u3068\u3067\u624b\u5143\u6d41\u52d5\u6027\u304c\u4f4e\u4e0b\u3057\u307e\u3059\u304b\u3089\u3001\u5c06\u6765\u6295\u8cc7\u3068\u306e\u30d0\u30e9\u30f3\u30b9\u304c\u6b20\u304b\u305b\u307e\u305b\u3093\u3002M&amp;A\u5f8c\u306e\u4f59\u5270\u30ad\u30e3\u30c3\u30b7\u30e5\u3092\u6d3b\u7528\u3059\u308b\u30b1\u30fc\u30b9\u3067\u306f\u3001\u81ea\u793e\u682a\u8cb7\u3044\u304cEPS\u5f37\u5316\u3068\u682a\u4e3b\u9084\u5143\u3092\u540c\u6642\u306b\u9054\u6210\u3059\u308b\u6253\u3061\u624b\u3068\u306a\u308a\u307e\u3059\u3002<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"has-arkb-anchor-color has-text-color has-link-color wp-elements-b44bf225d4006a2d9112f4c30337875e\">\u25b7\u95a2\u9023\uff1a<a href=\"https:\/\/mitsukijapan.com\/ma\/column\/market-approach\/\">\u30de\u30fc\u30b1\u30c3\u30c8\u30a2\u30d7\u30ed\u30fc\u30c1\u3068\u306f\uff1f\u7a2e\u985e\u30fb\u8a08\u7b97\u65b9\u6cd5\u30fb\u30e1\u30ea\u30c3\u30c8\u3068\u30c7\u30e1\u30ea\u30c3\u30c8<\/a><\/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-11\" class=\"wp-block-heading\"><strong>EPS\u306e\u8a08\u7b97\u306e\u4ed5\u65b9\u306e\u307e\u3068\u3081<\/strong><\/h2>\n\n\n\n<p>EPS\u306f1\u682a\u5f53\u305f\u308a\u5f53\u671f\u7d14\u5229\u76ca\u3092\u793a\u3059\u6307\u6a19\u3067\u3001M&amp;A\u3067\u306f\u7d71\u5408\u5f8c\u306e\u30b7\u30ca\u30b8\u30fc\u52b9\u679c\u3092\u6e2c\u5b9a\u3059\u308b\u91cd\u8981\u306a\u30c4\u30fc\u30eb\u3067\u3059\u3002\u53ce\u76ca\u6027\u3068\u682a\u5f0f\u6570\u306e\u5909\u52d5\u3092\u53cd\u6620\u3057\u3001PER\u3084ROE\u3068\u4f75\u305b\u3066\u4f01\u696d\u4fa1\u5024\u3092\u591a\u89d2\u7684\u306b\u8a55\u4fa1\u3067\u304d\u307e\u3059\u3002\u9069\u5207\u306aEPS\u7ba1\u7406\u306b\u3088\u308a\u3001\u6301\u7d9a\u7684\u306a\u6210\u9577\u3068\u682a\u4e3b\u9084\u5143\u306e\u4e21\u7acb\u304c\u53ef\u80fd\u306b\u306a\u308a\u307e\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\u3084\u516c\u8a8d\u4f1a\u8a08\u58eb\u3001\u7a0e\u7406\u58eb\u304c\u591a\u6570\u5728\u7c4d\u3057\u3066\u3044\u307e\u3059\u3002\u4f01\u696d\u4fa1\u5024\u8a55\u4fa1\u3092\u542b\u3080M&amp;A\u5168\u822c\u306b\u3064\u3044\u3066\u3001\u305c\u3072\u3054\u76f8\u8ac7\u304f\u3060\u3055\u3044\u3002<\/p>\n\n\n\n<p 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