{"id":2779,"date":"2025-11-08T14:06:37","date_gmt":"2025-11-08T05:06:37","guid":{"rendered":"https:\/\/mitsukijapan.com\/ma\/?post_type=column&#038;p=2779"},"modified":"2025-12-25T10:32:30","modified_gmt":"2025-12-25T01:32:30","slug":"what-is-earnout","status":"publish","type":"column","link":"https:\/\/mitsukijapan.com\/ma\/column\/what-is-earnout\/","title":{"rendered":"\u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\u6761\u9805\u3068\u306f\uff1fM&amp;A\u3067\u306e\u6c7a\u3081\u65b9\u30fb\u30b5\u30f3\u30d7\u30eb\u30fb\u4f1a\u8a08\u51e6\u7406\u3068\u7a0e\u91d1"},"content":{"rendered":"\n<p>\u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\u3068\u306f\u3001M&amp;A\u306e\u5b9f\u884c\u5f8c\u306b\u3001\u4e8b\u524d\u306e\u53d6\u308a\u6c7a\u3081\u306b\u5fdc\u3058\u3066\u3001\u8ffd\u52a0\u306e\u8b72\u6e21\u4ee3\u91d1\u3092\u652f\u6255\u3046\u624b\u6cd5\u3067\u3059\u3002\u672c\u8a18\u4e8b\u3067\u306f\u3001\u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\u306e\u30e1\u30ea\u30c3\u30c8\u30fb\u30c7\u30e1\u30ea\u30c3\u30c8\u3084\u6761\u9805\u306e\u6c7a\u3081\u65b9\u3001\u4f1a\u8a08\u51e6\u7406\u3084\u7a0e\u52d9\u4e0a\u306e\u53d6\u6271\u3044\u3092\u89e3\u8aac\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\">\u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\uff08\u6761\u9805\uff09\u3068\u306f\uff1f<\/a><ol class=\"ark-block-toc__list\" data-level=\"3\"><li><a href=\"#arkb-toc-1\" class=\"ark-block-toc__link\">\u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\u306e\u5229\u7528\u306b\u9069\u3057\u305f\u4f01\u696d<\/a><\/li><\/ol><\/li><li><a href=\"#arkb-toc-2\" class=\"ark-block-toc__link\">\u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\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-3\" class=\"ark-block-toc__link\">\u58f2\u308a\u624b\u306e\u30e1\u30ea\u30c3\u30c8\u30fb\u30c7\u30e1\u30ea\u30c3\u30c8<\/a><\/li><li><a href=\"#arkb-toc-4\" class=\"ark-block-toc__link\">\u8cb7\u3044\u624b\u306e\u30e1\u30ea\u30c3\u30c8\u30fb\u30c7\u30e1\u30ea\u30c3\u30c8<\/a><\/li><\/ol><\/li><li><a href=\"#arkb-toc-5\" class=\"ark-block-toc__link\">\u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\u6761\u9805\u306e\u6c7a\u3081\u65b9\u30fb\u4f8b\u6587<\/a><ol class=\"ark-block-toc__list\" data-level=\"3\"><li><a href=\"#arkb-toc-6\" class=\"ark-block-toc__link\">\u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\u6761\u9805\u306e\u30dd\u30a4\u30f3\u30c8<\/a><\/li><li><a href=\"#arkb-toc-7\" class=\"ark-block-toc__link\">\u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\u6761\u9805\u306e\u30b5\u30f3\u30d7\u30eb<\/a><\/li><\/ol><\/li><li><a href=\"#arkb-toc-8\" class=\"ark-block-toc__link\">\u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\u306e\u4f1a\u8a08\u30fb\u7a0e\u52d9<\/a><ol class=\"ark-block-toc__list\" data-level=\"3\"><li><a href=\"#arkb-toc-9\" class=\"ark-block-toc__link\">\u4f1a\u8a08\u51e6\u7406\uff08\u8cb7\u3044\u624b\uff09<\/a><\/li><li><a href=\"#arkb-toc-10\" class=\"ark-block-toc__link\">\u7a0e\u52d9\u51e6\u7406<\/a><\/li><\/ol><\/li><li><a href=\"#arkb-toc-11\" class=\"ark-block-toc__link\">\u3088\u304f\u3042\u308b\u3054\u8cea\u554f\uff5c\u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\u306b\u95a2\u3059\u308bFAQ<\/a><\/li><li><a href=\"#arkb-toc-12\" class=\"ark-block-toc__link\">M&amp;A\u306e\u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\u6761\u9805\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\">\u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\uff08\u6761\u9805\uff09\u3068\u306f\uff1f<\/h2>\n\n\n\n<p>\u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\uff08Earn out\uff09\u6761\u9805\u3068\u306f\u3001\u8cb7\u53ce\u5bfe\u4fa1\u306e\u4e00\u90e8\u3092\u8cb7\u53ce\u5f8c\u306b\u304a\u3051\u308b\u4e8b\u524d\u306b\u5408\u610f\u3055\u308c\u305f\u76ee\u6a19\u306e\u9054\u6210\u72b6\u6cc1\u306b\u9023\u52d5\u3055\u305b\u308b\u898f\u5b9a\u3092\u6307\u3057\u307e\u3059\u3002\u4f8b\u3048\u3070\u3001M&amp;A\u5b9f\u884c\u5f8c1\u5e74\u9593\u306b\u8cb7\u53ce\u5bfe\u8c61\u3068\u306a\u3063\u305f\u4f01\u696d\u306eEBITDA\u7b49\u304c\u76ee\u6a19\u5024\u3092\u9054\u6210\u3057\u305f\u5834\u5408\u306b\u306f\u3001\u3042\u3089\u304b\u3058\u3081\u4e21\u8005\u304c\u5408\u610f\u3057\u305f\u8a08\u7b97\u65b9\u6cd5\u306b\u57fa\u3065\u3044\u3066\u3001\u8b72\u53d7\u4f01\u696d\u304b\u3089\u8b72\u6e21\u5074\uff08\u524d\u30aa\u30fc\u30ca\u30fc\uff09\u3078\u4e00\u6240\u5b9a\u306e\u91d1\u984d\u3092\u652f\u6255\u3046\u3001\u3068\u3044\u3046\u5408\u610f\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" width=\"912\" height=\"525\" src=\"https:\/\/mitsukijapan.com\/ma\/wp-content\/uploads\/\u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\u3068\u306f.webp\" alt=\"\u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\uff08\u6761\u9805\uff09\u3068\u306f\" class=\"wp-image-6192\" srcset=\"https:\/\/mitsukijapan.com\/ma\/wp-content\/uploads\/\u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\u3068\u306f.webp 912w, https:\/\/mitsukijapan.com\/ma\/wp-content\/uploads\/\u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\u3068\u306f-640x368.webp 640w, https:\/\/mitsukijapan.com\/ma\/wp-content\/uploads\/\u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\u3068\u306f-768x442.webp 768w\" sizes=\"(max-width: 912px) 100vw, 912px\" \/><\/figure>\n<\/div>\n\n\n<p>M&amp;A\u3067\u306f\u8cb7\u53ce\u5bfe\u4fa1\u304c\u4e00\u62ec\u3067\u652f\u6255\u308f\u308c\u308b\u3053\u3068\u304c\u4e00\u822c\u7684\u3067\u3059\u304c\u3001\u8b72\u53d7\u4f01\u696d\u3068\u8b72\u6e21\u5074\u3067\u4fa1\u5024\u8a55\u4fa1\u306b\u76f8\u9055\u304c\u3042\u308a\u3001\u8b72\u6e21\u6761\u4ef6\u306b\u5408\u610f\u304c\u3067\u304d\u306a\u3044\u3088\u3046\u306a\u5834\u5408\u306b\u304a\u3044\u3066\u3001\u8cb7\u53ce\u5bfe\u4fa1\u306e\u4e00\u90e8\u3092\u8cb7\u53ce\u5f8c\u306e\u76ee\u6a19\u9054\u6210\u3068\u9023\u52d5\u3055\u305b\u308b\u3053\u3068\u3067\u3001\u30ea\u30b9\u30af\u3092\u9069\u5207\u306b\u914d\u5206\u3057\u3001\u4e21\u793e\u9593\u306e\u8a8d\u8b58\u306e\u9055\u3044\u3092\u57cb\u3081\u308b\u3053\u3068\u3092\u76ee\u7684\u306b\u63a1\u7528\u3055\u308c\u307e\u3059\u3002\u3053\u306e\u3088\u3046\u306a\u898f\u5b9a\u306f\u300c\u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\u6761\u9805\u300d\u3068\u547c\u3070\u308c\u3001\u4ee5\u4e0b\u306e\u8ca1\u52d9\u6307\u6a19\u304c\u6761\u4ef6\u3068\u3057\u3066\u8a2d\u5b9a\u3055\u308c\u308b\u3053\u3068\u304c\u3042\u308a\u307e\u3059\u3002\u3053\u308c\u3089\u306e\u3046\u3061\u6700\u3082\u5229\u7528\u304c\u591a\u3044\u306e\u306fEBITDA\u3068\u601d\u308f\u308c\u307e\u3059\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u58f2\u4e0a\u9ad8<\/li>\n\n\n\n<li>\u55b6\u696d\u5229\u76ca<\/li>\n\n\n\n<li>\u7d14\u5229\u76ca<\/li>\n\n\n\n<li>EBITDA<\/li>\n\n\n\n<li>\u55b6\u696d\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc<\/li>\n\n\n\n<li>\u30d5\u30ea\u30fc\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc<\/li>\n<\/ul>\n\n\n\n<p>\u65e5\u672c\u56fd\u5185\u3067\u306f\u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\u3092\u7528\u3044\u305f\u4e8b\u4f8b\u306f\u307e\u3060\u591a\u304f\u306f\u3042\u308a\u307e\u305b\u3093\u304c\u3001\u7c73\u56fd\u3092\u4e2d\u5fc3\u306b\u30af\u30ed\u30b9\u30dc\u30fc\u30c0\u30fc\u306eM&amp;A\u53d6\u5f15\u3067\u306f\u983b\u7e41\u306b\u5229\u7528\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<h3 id=\"arkb-toc-1\" class=\"wp-block-heading\">\u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\u306e\u5229\u7528\u306b\u9069\u3057\u305f\u4f01\u696d<\/h3>\n\n\n\n<p>\u305d\u3082\u305d\u3082\u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\u6761\u9805\u306e\u63a1\u7528\u306f\u3001\u65e5\u672c\u3067\u306f\u591a\u304f\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u305d\u306e\u4e2d\u3067\u3082\u3001\u6bd4\u8f03\u7684\u5229\u7528\u304c\u691c\u8a0e\u3055\u308c\u308b\u3053\u3068\u304c\u591a\u3044\u306e\u306f\u3001\u6b21\u306e\u3088\u3046\u306a\u4f01\u696d\u3067\u3059\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u4f01\u696d\u4fa1\u5024\u306e\u5927\u90e8\u5206\u3092\u8b72\u6e21\u4f01\u696d\u306e\u671f\u5f85\u53ce\u76ca\u304c\u5360\u3081\u308b\u4f01\u696d<\/li>\n\n\n\n<li>\u30b9\u30bf\u30fc\u30c8\u30a2\u30c3\u30d7\u4f01\u696d<\/li>\n\n\n\n<li>\u4e8b\u696d\u518d\u751f\u3092\u76ee\u6307\u3059\u4f01\u696d<\/li>\n<\/ul>\n\n\n\n<p>\u3053\u308c\u3089\u306e\u4f01\u696d\u306f\u3001\u4e0d\u78ba\u5b9a\u8981\u7d20\u304c\u591a\u304f\u696d\u7e3e\u306e\u898b\u901a\u3057\u304c\u4e0d\u900f\u660e\u3067\u3042\u308b\u70b9\u304b\u3089\u3001\u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\u6761\u9805\u306e\u63a1\u7528\u304c\u591a\u304f\u306a\u308a\u307e\u3059\u3002\u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\u6761\u9805\u306f\u3001\u30ea\u30b9\u30af\u3092\u9069\u5207\u306b\u914d\u5206\u3059\u308b\u3053\u3068\u306b\u3088\u308a\u3001\u8cb7\u53ce\u5bfe\u4fa1\u306b\u304a\u3051\u308b\u53cc\u65b9\u306e\u30ae\u30e3\u30c3\u30d7\u3092\u57cb\u3081\u308b\u5f79\u5272\u3092\u679c\u305f\u3057\u307e\u3059\u3002\u4f01\u696d\u4fa1\u5024\u8a55\u4fa1\u304c\u73fe\u5728\u306e\u696d\u7e3e\u3060\u3051\u3067\u306a\u304f\u3001\u4e8b\u696d\u8a08\u753b\u306e\u9054\u6210\u5ea6\u5408\u3044\u306b\u5fdc\u3058\u3066\u6c7a\u307e\u308b\u3053\u3068\u304b\u3089\u3001\u8b72\u53d7\u4f01\u696d\u30fb\u8b72\u6e21\u5074\u306e\u53cc\u65b9\u306b\u3068\u3063\u3066\u30d5\u30a7\u30a2\u306a\u624b\u6cd5\u3068\u8a00\u3048\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"has-arkb-anchor-color has-text-color has-link-color wp-elements-28dbd51ca6bd03821c58bd501450da81\">\u25b7\u95a2\u9023\uff1a<a href=\"https:\/\/mitsukijapan.com\/ma\/column\/enterprise-value\/\">\u4f01\u696d\u4fa1\u5024\u3068\u306f\uff5cEV\u30fb\u4e8b\u696d\u4fa1\u5024\u30fb\u682a\u5f0f\u4fa1\u5024\u3068\u306e\u9055\u3044\u3001\uff13\u3064\u306e\u8a55\u4fa1\u65b9\u6cd5<\/a><\/p>\n\n\n\n<h2 id=\"arkb-toc-2\" class=\"wp-block-heading\">\u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\u306e\u30e1\u30ea\u30c3\u30c8\u30fb\u30c7\u30e1\u30ea\u30c3\u30c8<\/h2>\n\n\n\n<p>\u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\u3092\u7528\u3044\u308b\u3053\u3068\u3067\u3001\u8b72\u6e21\u5074\u3068\u8b72\u53d7\u4f01\u696d\u306e\u53cc\u65b9\u306b\u30e1\u30ea\u30c3\u30c8\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" width=\"908\" height=\"491\" src=\"https:\/\/mitsukijapan.com\/ma\/wp-content\/uploads\/\u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\u306e\u30e1\u30ea\u30c3\u30c8\u30fb\u30c7\u30e1\u30ea\u30c3\u30c8.webp\" alt=\"\u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\u6761\u9805\u306e\u30e1\u30ea\u30c3\u30c8\u30fb\u30c7\u30e1\u30ea\u30c3\u30c8\" class=\"wp-image-6193\" srcset=\"https:\/\/mitsukijapan.com\/ma\/wp-content\/uploads\/\u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\u306e\u30e1\u30ea\u30c3\u30c8\u30fb\u30c7\u30e1\u30ea\u30c3\u30c8.webp 908w, https:\/\/mitsukijapan.com\/ma\/wp-content\/uploads\/\u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\u306e\u30e1\u30ea\u30c3\u30c8\u30fb\u30c7\u30e1\u30ea\u30c3\u30c8-640x346.webp 640w, https:\/\/mitsukijapan.com\/ma\/wp-content\/uploads\/\u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\u306e\u30e1\u30ea\u30c3\u30c8\u30fb\u30c7\u30e1\u30ea\u30c3\u30c8-768x415.webp 768w\" sizes=\"(max-width: 908px) 100vw, 908px\" \/><\/figure>\n<\/div>\n\n\n<h3 id=\"arkb-toc-3\" class=\"wp-block-heading\">\u58f2\u308a\u624b\u306e\u30e1\u30ea\u30c3\u30c8\u30fb\u30c7\u30e1\u30ea\u30c3\u30c8<\/h3>\n\n\n\n<p>\u8b72\u6e21\u5074\u306e\u30e1\u30ea\u30c3\u30c8\u3068\u30c7\u30e1\u30ea\u30c3\u30c8\u306f\u4ee5\u4e0b\u306e\u3088\u3046\u306a\u3082\u306e\u3067\u3059\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">\u8b72\u6e21\u30aa\u30fc\u30ca\u30fc\u306e\u30e1\u30ea\u30c3\u30c8<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u901a\u5e38\u306eM&amp;A\u306e\u4f01\u696d\u4fa1\u5024\u8a55\u4fa1\u4ee5\u4e0a\u306e\u8cb7\u53ce\u5bfe\u4fa1\u3092\u7372\u5f97\u3067\u304d\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u3002<\/li>\n<\/ul>\n\n\n\n<p>\u3053\u306e\u3088\u3046\u306b\u3001\u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\u304c\u9069\u5207\u306b\u6d3b\u7528\u3055\u308c\u308b\u3053\u3068\u3067\u3001\u8b72\u53d7\u4f01\u696d\u3068\u8b72\u6e21\u5074\u53cc\u65b9\u306e\u30ea\u30b9\u30af\u3092\u8efd\u6e1b\u3057\u3001M&amp;A\u304c\u6210\u529f\u306b\u7e4b\u304c\u308b\u53ef\u80fd\u6027\u304c\u9ad8\u307e\u308a\u307e\u3059\u3002\u4eca\u5f8c\u3001\u65e5\u672c\u56fd\u5185\u306b\u304a\u3044\u3066\u3082\u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\u306e\u5229\u7528\u304c\u5897\u3048\u308b\u3053\u3068\u304c\u671f\u5f85\u3055\u308c\u307e\u3059\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">\u8b72\u6e21\u30aa\u30fc\u30ca\u30fc\u306e\u30c7\u30e1\u30ea\u30c3\u30c8<\/h4>\n\n\n\n<p>\u53cc\u65b9\u3067\u5408\u610f\u3057\u305f\u76ee\u6a19\u304c\u9054\u6210\u3067\u304d\u306a\u304b\u3063\u305f\u5834\u5408\u306b\u3001\u5f97\u3089\u308c\u308b\u8cb7\u53ce\u5bfe\u4fa1\u304c\u901a\u5e38\u306e\uff2d\uff06\uff21\u53d6\u5f15\u306b\u6bd4\u3079\u3066\u76ee\u6e1b\u308a\u3059\u308b\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u3002\u3053\u306e\u3088\u3046\u306a\u30ea\u30b9\u30af\u3092\u56de\u907f\u3059\u308b\u305f\u3081\u306b\u306f\u3001\u76ee\u6a19\u8a2d\u5b9a\u306b\u95a2\u3057\u3066\u4ee5\u4e0b\u306e\u70b9\u3092\u691c\u8a0e\u3059\u308b\u3053\u3068\u304c\u91cd\u8981\u3067\u3059\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u76ee\u6a19\u8a2d\u5b9a\u306e\u8a55\u4fa1\u9805\u76ee\u3084\u9069\u7528\u671f\u9593\u3092\u73fe\u5b9f\u7684\u30fb\u9054\u6210\u53ef\u80fd\u306a\u7bc4\u56f2\u3067\u6c7a\u5b9a\u3059\u308b\u3053\u3068<\/li>\n<\/ul>\n\n\n\n<p>\u4e0a\u8a18\u3092\u8003\u616e\u3059\u308b\u3053\u3068\u3067\u3001\u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\u3067\u751f\u3058\u308b\u30c7\u30e1\u30ea\u30c3\u30c8\u3092\u6700\u5c0f\u9650\u306b\u6291\u3048\u3089\u308c\u308b\u3053\u3068\u304c\u671f\u5f85\u3067\u304d\u307e\u3059\u3002<\/p>\n\n\n\n<h3 id=\"arkb-toc-4\" class=\"wp-block-heading\">\u8cb7\u3044\u624b\u306e\u30e1\u30ea\u30c3\u30c8\u30fb\u30c7\u30e1\u30ea\u30c3\u30c8<\/h3>\n\n\n\n<p>\u8b72\u53d7\u4f01\u696d\u306b\u3068\u3063\u3066\u306e\u30e1\u30ea\u30c3\u30c8\u3068\u30c7\u30e1\u30ea\u30c3\u30c8\u306f\u4ee5\u4e0b\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">\u8b72\u53d7\u4f01\u696d\u306e\u30e1\u30ea\u30c3\u30c8<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>M&amp;A\u306e\u8cb7\u53ce\u5bfe\u4fa1\u3092\u4e00\u5ea6\u306b\u4e00\u62ec\u3057\u3066\u652f\u6255\u3046\u306e\u3067\u306f\u306a\u304f\u3001\u4e00\u90e8\u3092\u76ee\u6a19\u9054\u6210\u306b\u5fdc\u3058\u3066\u652f\u6255\u3046\u3053\u3068\u3067\u3001\u521d\u671f\u8cbb\u7528\u3092\u6291\u3048\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u3002<\/li>\n\n\n\n<li>\u4e8b\u696d\u8a08\u753b\u306e\u9054\u6210\u304c\u4e0d\u900f\u660e\u3067\u3042\u308b\u5834\u5408\u306b\u3001\u5b9f\u969b\u306e\u9054\u6210\u5ea6\u5408\u3044\u306b\u5fdc\u3058\u3066\u8cb7\u53ce\u5bfe\u4fa1\u3092\u652f\u6255\u3046\u3053\u3068\u3067\u3001\u30ea\u30b9\u30af\u30d8\u30c3\u30b8\u3092\u56f3\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u3002<\/li>\n\n\n\n<li>\u8b72\u6e21\u4f01\u696d\u306e\u7d4c\u55b6\u8005\u304cM&amp;A\u5b9f\u884c\u5f8c\u3082\u6b8b\u308b\u5834\u5408\u3001\u76ee\u6a19\u9054\u6210\u306b\u3088\u308b\u8cb7\u53ce\u5bfe\u4fa1\u306e\u8ffd\u52a0\u7684\u306a\u652f\u6255\u3044\u304c\u30a4\u30f3\u30bb\u30f3\u30c6\u30a3\u30d6\u3068\u3057\u3066\u50cd\u304f\u3053\u3068\u3067\u3001\u4e8b\u696d\u306b\u53d6\u308a\u7d44\u3080\u30e2\u30c1\u30d9\u30fc\u30b7\u30e7\u30f3\u5411\u4e0a\u306b\u5927\u304d\u304f\u5bc4\u4e0e\u3057\u3001\u6210\u9577\u52a0\u901f\u306b\u7e4b\u304c\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u3002<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">\u8b72\u53d7\u4f01\u696d\u306e\u30c7\u30e1\u30ea\u30c3\u30c8<\/h4>\n\n\n\n<p>\u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\u6761\u9805\u306e\u63a1\u7528\u3092\u524d\u63d0\u3059\u308b\u3053\u3068\u3067\u3001\u6848\u4ef6\u306e\u4e0d\u6210\u7acb\u30ea\u30b9\u30af\u304c\u9ad8\u304f\u306a\u308b\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u3002\u8b72\u6e21\u5074\u306e\u4f01\u696d\u30aa\u30fc\u30ca\u30fc\u304c\u5f15\u9000\u3092\u5ff5\u982d\u306b\u7f6e\u3044\u3066\u3044\u308b\u5834\u5408\u3084\u3001\u76ee\u6a19\u9054\u6210\u306b\u3064\u3044\u3066\u81ea\u4fe1\u304c\u306a\u3044\u5834\u5408\u306b\u306f\u3001\u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\u304c\u300c\u8b72\u53d7\u4f01\u696d\u512a\u4f4d\u306e\u6761\u4ef6\u300d\u3068\u6349\u3048\u3089\u308c\u308b\u30ea\u30b9\u30af\u304c\u3042\u308a\u307e\u3059\u3002\u305d\u306e\u3088\u3046\u306a\u5834\u5408\u306b\u306f\u3001\u8b72\u6e21\u4f01\u696d\u30aa\u30fc\u30ca\u30fc\u5074\u304b\u3089\u306e\u64a4\u9000\u53ef\u80fd\u6027\u304c\u9ad8\u307e\u308b\u305f\u3081\u3001\u6ce8\u610f\u304c\u5fc5\u8981\u3067\u3059\u3002\u3053\u306e\u3088\u3046\u306a\u72b6\u6cc1\u3092\u907f\u3051\u308b\u305f\u3081\u306b\u306f\u4ee5\u4e0b\u304c\u6c42\u3081\u3089\u308c\u307e\u3059\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u8b72\u6e21\u4f01\u696d\u30aa\u30fc\u30ca\u30fc\u306e\u610f\u5411\u3092\u5341\u5206\u306b\u7406\u89e3\u3057\u305f\u4e0a\u3067\u63d0\u6848\u3092\u884c\u3046\u3053\u3068<\/li>\n\n\n\n<li>\u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\u306b\u95a2\u3059\u308b\u6761\u4ef6\u4ea4\u6e09\u304c\u9577\u671f\u5316\u3057\u306a\u3044\u3088\u3046\u3001\u30b9\u30e0\u30fc\u30ba\u306a\u624b\u7d9a\u304d\u3092\u5fc3\u639b\u3051\u308b\u3053\u3068<\/li>\n<\/ul>\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-5\" class=\"wp-block-heading\">\u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\u6761\u9805\u306e\u6c7a\u3081\u65b9\u30fb\u4f8b\u6587<\/h2>\n\n\n\n<p>M&amp;A\u306e\u6700\u7d42\u5951\u7d04\u66f8\u7b49\u306b\u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\u6761\u9805\u3092\u898f\u5b9a\u3059\u308b\u969b\u306b\u306f\u3001\u4ee5\u4e0b\u306e\u3088\u3046\u306a\u8981\u7d20\u3092\u6c7a\u3081\u3066\u3044\u304f\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u8a55\u4fa1\u6307\u6a19<\/li>\n\n\n\n<li>\u8a55\u4fa1\u671f\u9593<\/li>\n\n\n\n<li>\u518d\u58f2\u5374<\/li>\n<\/ul>\n\n\n\n<h3 id=\"arkb-toc-6\" class=\"wp-block-heading\">\u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\u6761\u9805\u306e\u30dd\u30a4\u30f3\u30c8<\/h3>\n\n\n\n<p>\u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\u6761\u9805\u3092\u898f\u5b9a\u3059\u308b\u4e0a\u3067\u306e\u91cd\u8981\u8981\u7d20\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>\u91cd\u8981\u8981\u7d20<\/th><th>\u8a73\u7d30\u5185\u5bb9\u3068\u7559\u610f\u70b9<\/th><\/tr><\/thead><tbody><tr><td>\u8a55\u4fa1\u6307\u6a19<\/td><td>\u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\u6761\u9805\u306b\u306f\u3001\u58f2\u4e0a\u9ad8\u3001\u55b6\u696d\u5229\u76ca\u3001EBITDA\u306a\u3069\u306e\u8ca1\u52d9\u6307\u6a19\u3092\u76ee\u6a19\u5024\u3068\u3057\u3066\u8a2d\u5b9a\u3059\u308b\u3053\u3068\u304c\u4e00\u822c\u7684\u3067\u3059\u3002\u76ee\u6a19\u5024\u306e\u9054\u6210\u306b\u3088\u3063\u3066\u8b72\u53d7\u4f01\u696d\u304c\u8ffd\u52a0\u7684\u306a\u8cb7\u53ce\u5bfe\u4fa1\u3092\u652f\u6255\u3046\u5fc5\u8981\u304c\u751f\u3058\u308b\u305f\u3081\u3001\u8ca1\u52d9\u6307\u6a19\u306e\u64cd\u4f5c\u7b49\u304c\u8d77\u3053\u308b\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u3002\u3057\u305f\u304c\u3063\u3066\u3001\u8b72\u6e21\u5074\u3068\u3057\u3066\u306f\u3001\u640d\u76ca\u8a08\u7b97\u66f8\u306e\u4e0a\u90e8\u306b\u4f4d\u7f6e\u3059\u308b\u58f2\u4e0a\u9ad8\u3001\u58f2\u4e0a\u7dcf\u5229\u76ca\u306a\u3069\u3092\u6307\u6a19\u3068\u3059\u308b\u3053\u3068\u304c\u671b\u307e\u3057\u3044\u3068\u8a00\u3048\u307e\u3059\u3002\u307e\u305f\u8b72\u6e21\u5074\u30fb\u8b72\u53d7\u5074\u304c\u63a1\u7528\u3057\u3066\u3044\u308b\u4f1a\u8a08\u65b9\u91dd\u306e\u76f8\u9055\u306b\u3088\u308b\u5f71\u97ff\u3092\u53d7\u3051\u306b\u304f\u3044\u3068\u3044\u3046\u5074\u9762\u3082\u3042\u308a\u307e\u3059\u3002\u4e00\u65b9\u3067\u3001\u8b72\u53d7\u5074\u306b\u3068\u3063\u3066\u306f\u3001\u3042\u304f\u307e\u3067\u3082\u5bfe\u8c61\u4f1a\u793e\u304b\u3089\u751f\u3058\u308b\u5229\u76ca\u304c\u91cd\u8981\u3067\u3042\u308b\u3053\u3068\u304b\u3089\u3001\u640d\u76ca\u8a08\u7b97\u66f8\u306e\u4e0b\u90e8\u306b\u4f4d\u7f6e\u3059\u308b\u55b6\u696d\u5229\u76ca\u3001\u7d14\u5229\u76ca\u306a\u3069\u3092\u6307\u6a19\u3068\u3057\u3066\u63a1\u7528\u3059\u308b\u3053\u3068\u3092\u671b\u3080\u3067\u3057\u3087\u3046\u3002\u3053\u306e\u4e21\u8005\u306e\u6e9d\u3092\u57cb\u3081\u308b\u305f\u3081\u306b\u306f\u3001\u8b72\u53d7\u4f01\u696d\u3068\u8b72\u6e21\u5074\u3068\u306e\u9593\u3067\u5341\u5206\u306a\u4ea4\u6e09\u3092\u884c\u3044\u3001\u8ca1\u52d9\u6307\u6a19\u306e\u9069\u6b63\u3055\u3092\u78ba\u4fdd\u3059\u308b\u3053\u3068\u304c\u91cd\u8981\u3067\u3059\u3002\u6027\u8cea\u306e\u7570\u306a\u308b\u8907\u6570\u306e\u8ca1\u52d9\u6307\u6a19\u3092\u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\u6761\u9805\u306b\u76db\u308a\u8fbc\u3080\u3053\u3068\u3082\u691c\u8a0e\u3057\u3066\u304f\u3060\u3055\u3044\u3002<\/td><\/tr><tr><td>\u8a55\u4fa1\u671f\u9593<\/td><td>\u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\u306b\u304a\u3044\u3066\u3001\u8b72\u6e21\u4f01\u696d\u306b\u5bfe\u3059\u308b\u8a55\u4fa1\u671f\u9593\u306f\u975e\u5e38\u306b\u91cd\u8981\u306a\u30d5\u30a1\u30af\u30bf\u30fc\u3068\u306a\u308a\u307e\u3059\u3002\u8a55\u4fa1\u671f\u9593\u304c\u9577\u304f\u306a\u308c\u3070\u306a\u308b\u307b\u3069\u3001\u4e8b\u696d\u904b\u55b6\u306b\u5f71\u97ff\u3092\u4e0e\u3048\u308b\u69d8\u3005\u306a\u8981\u56e0\u304c\u767a\u751f\u3057\u307e\u3059\u3002\u7279\u306b\u7d4c\u6e08\u72b6\u6cc1\u3084\u5e02\u5834\u306a\u3069\u306e\u5916\u90e8\u8981\u56e0\u306b\u3088\u308b\u5909\u52d5\u306f\u3001\u7d4c\u55b6\u52aa\u529b\u3060\u3051\u3067\u306f\u5b8c\u5168\u306b\u5bfe\u5fdc\u3059\u308b\u3053\u3068\u304c\u96e3\u3057\u304f\u306a\u308a\u307e\u3059\u3002\u305d\u306e\u305f\u3081\u3001\u4e00\u822c\u7684\u306b\u306f\u3001\u8a55\u4fa1\u671f\u9593\u306f\u77ed\u3044\u307b\u3046\u304c\u671b\u307e\u3057\u3044\u3068\u3055\u308c\u3066\u304a\u308a\u30013\u5e74\u304c\u5e73\u5747\u7684\u306a\u8a55\u4fa1\u671f\u9593\u3068\u3055\u308c\u3066\u3044\u307e\u3059\u3002\u4e00\u65b9\u3067\u3001\u30b9\u30bf\u30fc\u30c8\u30a2\u30c3\u30d7\u4f01\u696d\u3084\u4e8b\u696d\u518d\u751f\u3092\u76ee\u6307\u3057\u3066\u3044\u308b\u4f01\u696d\u306a\u3069\u3067\u3001\u4e2d\u9577\u671f\u7684\u306a\u4e8b\u696d\u5c55\u671b\u3092\u7d30\u304b\u304f\u63cf\u3044\u3066\u3044\u308b\u3088\u3046\u306a\u5834\u5408\u306b\u306f\u3001\u305d\u306e\u671f\u9593\u3092\u8003\u616e\u3057\u3066\u8a55\u4fa1\u671f\u9593\u3092\u8a2d\u5b9a\u3059\u308b\u306e\u304c\u7406\u60f3\u7684\u3067\u3059\u3002<\/td><\/tr><tr><td>\u518d\u58f2\u5374<\/td><td>\u518d\u58f2\u5374\u306b\u95a2\u3057\u3066\u306f\u3001\u8b72\u53d7\u4f01\u696d\u3068\u8b72\u6e21\u5074\u306e\u8003\u3048\u65b9\u304c\u5927\u304d\u304f\u7570\u306a\u308b\u3053\u3068\u304c\u591a\u3044\u3067\u3059\u3002\u8b72\u6e21\u5074\u306f\u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\u6761\u9805\u306e\u76ee\u6a19\u9054\u6210\u306b\u52aa\u3081\u3066\u3044\u308b\u6700\u4e2d\u306b\u518d\u58f2\u5374\u3055\u308c\u308b\u3053\u3068\u3092\u671b\u307e\u305a\u3001\u518d\u58f2\u5374\u3092\u5236\u9650\u3059\u308b\u3088\u3046\u306a\u6761\u9805\u3092\u5951\u7d04\u306b\u76db\u308a\u8fbc\u3080\u3053\u3068\u3092\u8981\u8acb\u3059\u308b\u3067\u3057\u3087\u3046\u3002\u4e00\u65b9\u3067\u3001\u8b72\u53d7\u4f01\u696d\u306f\u4e00\u5b9a\u306e\u30da\u30ca\u30eb\u30c6\u30a3\u3092\u652f\u6255\u3046\u3053\u3068\u3067\u518d\u58f2\u5374\u3092\u53ef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id=\"arkb-toc-7\" class=\"wp-block-heading\">\u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\u6761\u9805\u306e\u30b5\u30f3\u30d7\u30eb<\/h3>\n\n\n\n<p>\u4e00\u822c\u7684\u304b\u3064\u7c21\u7d20\u306a\u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\u6761\u9805\u306e\u8a18\u8f09\u4f8b\u306f\u4ee5\u4e0b\u306e\u3068\u304a\u308a\u3067\u3059\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">\u524d\u63d0\u6761\u4ef6<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u53d6\u5f15\u898f\u6a21: \u5168\u682a\u5f0f\u306e\u8b72\u6e21\u4fa1\u683c10\u5104\u5186\uff08100%\u8b72\u6e21\uff09<\/li>\n\n\n\n<li>\u8a55\u4fa1\u6307\u6a19: EBITDA\uff08\u55b6\u696d\u5229\u76ca\uff0b\u6e1b\u4fa1\u511f\u5374\u8cbb\uff0b\u306e\u308c\u3093\u511f\u5374\u3001\u7279\u5225\u640d\u76ca\u30fb\u672c\u4ef6\u95a2\u9023\u8cbb\u7528\u30fb\u975e\u5408\u7406\u306a\u5171\u901a\u8cbb\u6309\u5206\u306f\u9664\u5916\uff09<\/li>\n\n\n\n<li>\u8a55\u4fa1\u671f\u9593: 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class=\"has-small-font-size\">\u7b2c\u25cb\u6761\uff08\u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\uff09<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li class=\"has-small-font-size\">\u5b9a\u7fa9<br>(1)\u300cEBITDA\u300d\u3068\u306f\u3001\u5bfe\u8c61\u4f1a\u793e\u306e\u65e5\u672c\u57fa\u6e96\u306b\u6e96\u62e0\u3057\u4e00\u8cab\u9069\u7528\u3067\u4f5c\u6210\u3055\u308c\u305f\u8ca1\u52d9\u8af8\u8868\u306b\u57fa\u3065\u304f\u3001\u55b6\u696d\u5229\u76ca\u306b\u6e1b\u4fa1\u511f\u5374\u8cbb\u53ca\u3073\u306e\u308c\u3093\u511f\u5374\u3092\u52a0\u7b97\u3057\u305f\u984d\u3092\u3044\u3044\u3001\u7279\u5225\u640d\u76ca\u3001\u682a\u5f0f\u8b72\u6e21\u53ca\u3073\u672c\u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\u306b\u95a2\u9023\u3059\u308b\u8cbb\u7528\u3001\u8cb7\u4e3b\u90fd\u5408\u306e\u4e00\u6642\u7684\u53c8\u306f\u975e\u5408\u7406\u306a\u5171\u901a\u8cbb\u6309\u5206\u5897\u984d\u7b49\u306f\u9664\u5916\u3059\u308b\u3082\u306e\u3068\u3059\u308b\u3002<br>(2)\u300c\u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\u671f\u9593\u300d\u3068\u306f\u3001\u8b72\u6e21\u5b9f\u884c\u65e5\u306e\u7fcc\u65e5\u304b\u3089\u8d77\u7b97\u3057\u306624\u304b\u6708\u9593\u3092\u3044\u3046\u3002<br>(3)\u300c\u57fa\u6e96EBITDA\u300d\u3068\u306f\u3001\u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\u91d1\u984d\u7b97\u5b9a\u306e\u57fa\u790e\u3068\u306a\u308bEBITDA\u57fa\u6e96\u984d\u3067\u3042\u308a\u3001\u91d1\u984d\u306f\u00a5400,000,000\u3068\u3059\u308b\u3002<\/li>\n\n\n\n<li class=\"has-small-font-size\">\u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\u91d1\u984d\u306e\u7b97\u5b9a<br>(1) \u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\u91d1\u984d\u306f\u3001\u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\u671f\u9593\u306b\u304a\u3051\u308b\u5bfe\u8c61\u4f1a\u793e\u306e\u7d2f\u8a08EBITDA\u304c\u57fa\u6e96EBITDA\u3092\u8d85\u904e\u3057\u305f\u5834\u5408\u306b\u9650\u308a\u3001\u5f53\u8a72\u8d85\u904e\u984d\u306e50\uff05\u3068\u3059\u308b\u3002\u8d85\u904e\u304c\u306a\u3044\u5834\u5408\u306f0\u5186\u3068\u3059\u308b\u3002<br>(2) \u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\u91d1\u984d\u306e\u4e0a\u9650\u306f\u91d12\u5104\u5186\u3068\u3059\u308b\u3002<br>(3) 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\u7570\u8b70\u304c\u306a\u3044\u3068\u304d\u53c8\u306f\u6700\u7d42\u78ba\u5b9a\u5f8c\u3001\u8cb7\u4e3b\u306f\u78ba\u5b9a\u65e5\u304b\u308910\u55b6\u696d\u65e5\u4ee5\u5185\u306b\u3001\u78ba\u5b9a\u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\u91d1\u984d\u3092\u73fe\u91d1\u632f\u8fbc\u3067\u652f\u6255\u3046\u3002\u652f\u6255\u9045\u5ef6\u6642\u306f\u5e745.0\uff05\u306e\u9045\u5ef6\u5229\u606f\uff08\u65e5\u5272\uff09\u3092\u4ed8\u3059\u3002<\/li>\n\n\n\n<li class=\"has-small-font-size\">\u691c\u8a3c\u30fb\u7d1b\u4e89\u89e3\u6c7a<br>(1) \u5f53\u4e8b\u8005\u306f\u3001\u7570\u8b70\u304c\u89e3\u6c7a\u3057\u306a\u3044\u5834\u5408\u3001\u72ec\u7acb\u516c\u8a8d\u4f1a\u8a08\u58ebABC\u76e3\u67fb\u6cd5\u4eba\u3092\u5171\u540c\u9078\u4efb\u3057\u3001\u540c\u4f1a\u8a08\u58eb\u306e\u6c7a\u5b9a\u306b\u5f93\u3046\u3082\u306e\u3068\u3059\u308b\u3002<br>(2) \u4f1a\u8a08\u58eb\u8cbb\u7528\u306f\u3001\u539f\u5247\u3068\u3057\u3066\u7b97\u5b9a\u8aa4\u5dee\u304c\u5927\u304d\u3044\u5074\uff08\u904e\u5927\u53c8\u306f\u904e\u5c11\u7533\u544a\u5074\uff09\u304c\u8ca0\u62c5\u3057\u3001\u305d\u306e\u4ed6\u306f\u6298\u534a\u3068\u3059\u308b\u3002<\/li>\n\n\n\n<li class=\"has-small-font-size\">\u4e8b\u696d\u904b\u55b6\u53ca\u3073\u4f1a\u8a08\u65b9\u91dd<br>(1) \u8cb7\u4e3b\u306f\u3001\u901a\u5e38\u306e\u55b6\u696d\u7bc4\u56f2\u306b\u304a\u3044\u3066\u5584\u7ba1\u6ce8\u610f\u7fa9\u52d9\u3092\u3082\u3063\u3066\u5bfe\u8c61\u4f1a\u793e\u3092\u904b\u55b6\u3057\u3001\u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\u3092\u4e0d\u5f53\u306b\u6e1b\u5c11\u3055\u305b\u308b\u76ee\u7684\u3067\u3001\u2460\u7570\u5e38\u53c8\u306f\u4e00\u6642\u7684\u306a\u8cbb\u7528\u306e\u8a08\u4e0a\u3001\u2461\u975e\u5408\u7406\u306a\u5171\u901a\u8cbb\u306e\u6309\u5206\u3001\u2462\u4e00\u65b9\u7684\u4e0d\u5229\u306a\u53d6\u5f15\u6761\u4ef6\u5909\u66f4\u3001\u2463\u4e3b\u8981\u8cc7\u7523\u306e\u51e6\u5206\u53c8\u306f\u4e8b\u696d\u306e\u4e2d\u6b62\u7b49\u3092\u884c\u308f\u306a\u3044\u3002<br>(2) \u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\u671f\u9593\u4e2d\u3001\u5bfe\u8c61\u4f1a\u793e\u306e\u4f1a\u8a08\u65b9\u91dd\u53ca\u3073\u898b\u7a4d\u308a\u306f\u5408\u7406\u7684\u7bc4\u56f2\u3067\u4e00\u8cab\u9069\u7528\u3059\u308b\u3002\u3084\u3080\u3092\u5f97\u305a\u5909\u66f4\u3059\u308b\u5834\u5408\u306f\u3001\u58f2\u4e3b\u306e\u4e8b\u524d\u540c\u610f\u3092\u5f97\u308b\u304b\u3001\u7b97\u5b9a\u4e0a\u306e\u4e2d\u7acb\u7684\u8abf\u6574\u3092\u884c\u3046\u3002<\/li>\n\n\n\n<li class=\"has-small-font-size\">\u76f8\u6bba\u5236\u9650<br>\u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\u91d1\u984d\u306f\u3001\u5f53\u4e8b\u8005\u9593\u3067\u6700\u7d42\u7684\u306b\u78ba\u5b9a\u3057\u305f\u88dc\u511f\u91d1\u50b5\u6a29\u306b\u9650\u308a\u76f8\u6bba\u3067\u304d\u308b\u3082\u306e\u3068\u3057\u3001\u4fc2\u4e89\u4e2d\u53c8\u306f\u672a\u78ba\u5b9a\u306e\u50b5\u6a29\u3068\u306e\u76f8\u6bba\u306f\u8a8d\u3081\u306a\u3044\u3002<\/li>\n\n\n\n<li class=\"has-small-font-size\">\u7a0e\u52d9<br>\u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\u91d1\u984d\u306b\u4fc2\u308b\u6e90\u6cc9\u5fb4\u53ce\u305d\u306e\u4ed6\u7a0e\u52d9\u53d6\u6271\u3044\u306f\u6cd5\u4ee4\u306b\u5f93\u3046\u3002\u5f53\u4e8b\u8005\u306f\u4e8c\u91cd\u8ab2\u7a0e\u306e\u56de\u907f\u53ca\u3073\u9069\u6b63\u7533\u544a\u306e\u305f\u3081\u76f8\u4e92\u306b\u5354\u529b\u3059\u308b\u3002<\/li>\n\n\n\n<li class=\"has-small-font-size\">\u8abf\u6574\u5354\u8b70<br>\u7d44\u7e54\u518d\u7de8\u305d\u306e\u4ed6\u5f53\u4e8b\u8005\u306e\u8cac\u306b\u5e30\u3055\u306a\u3044\u4e8b\u60c5\u306b\u3088\u308aEBITDA\u306b\u91cd\u5927\u306a\u5f71\u97ff\u304c\u751f\u3058\u308b\u5834\u5408\u3001\u5f53\u4e8b\u8005\u306f\u4fe1\u7fa9\u5247\u306b\u5f93\u3044\u3001\u5f53\u521d\u306e\u7d4c\u6e08\u7684\u610f\u56f3\u3092\u7dad\u6301\u3059\u308b\u4e2d\u7acb\u7684\u306a\u8abf\u6574\u306b\u3064\u304d\u8aa0\u5b9f\u306b\u5354\u8b70\u3059\u308b\u3002<\/li>\n<\/ol>\n<\/blockquote>\n\n\n\n<p class=\"has-arkb-anchor-color has-text-color has-link-color wp-elements-0da405e3e14365f011558600e2a8904a\">\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-8\" class=\"wp-block-heading\">\u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\u306e\u4f1a\u8a08\u30fb\u7a0e\u52d9<\/h2>\n\n\n\n<p>\u5c11\u3005\u5c02\u9580\u7684\u306b\u306a\u308a\u307e\u3059\u304c\u3001\u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\u306b\u95a2\u3059\u308b\u4f1a\u8a08\u51e6\u7406\u3068\u7a0e\u52d9\u4e0a\u306e\u53d6\u6271\u3044\u306b\u3064\u3044\u3066\u8aac\u660e\u3057\u307e\u3059\u3002\u95a2\u5fc3\u306e\u3042\u308b\u65b9\u3060\u3051\u3001\u304a\u8aad\u307f\u9802\u3051\u308c\u3070\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<h3 id=\"arkb-toc-9\" class=\"wp-block-heading\">\u4f1a\u8a08\u51e6\u7406\uff08\u8cb7\u3044\u624b\uff09<\/h3>\n\n\n\n<p>M&amp;A\u53d6\u5f15\u306b\u304a\u3051\u308b\u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\u306e\u8b72\u53d7\u4f01\u696d\u5074\u306e\u51e6\u7406\u306b\u3064\u3044\u3066\u3054\u8aac\u660e\u3057\u307e\u3059\u3002\u8b72\u53d7\u4f01\u696d\u304c\u63a1\u7528\u3059\u308b\u4f1a\u8a08\u57fa\u6e96\u304c\u3001\u65e5\u672c\u57fa\u6e96\u304bIFRS\uff08\u56fd\u969b\u4f1a\u8a08\u57fa\u6e96\uff09\u304b\u306b\u3088\u3063\u3066\u51e6\u7406\u65b9\u6cd5\u304c\u5927\u304d\u304f\u7570\u306a\u308a\u307e\u3059\u306e\u3067\u3001\u3054\u6ce8\u610f\u304f\u3060\u3055\u3044\u3002<\/p>\n\n\n\n<p>\u306a\u304a\u3001\u8b72\u6e21\u5074\u306e\u4f1a\u8a08\u51e6\u7406\u3067\u3059\u304c\u3001\u6cd5\u4eba\u682a\u4e3b\u306e\u5834\u5408\u3001\u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\u306b\u3088\u308b\u8ffd\u52a0\u7684\u306a\u53ce\u5165\u306f\u3001\u53ce\u76ca\u3068\u3057\u3066\u53d6\u308a\u6271\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">\u65e5\u672c\u57fa\u6e96<\/h4>\n\n\n\n<p>\u4f01\u696d\u7d50\u5408\u306b\u95a2\u3059\u308b\u4f1a\u8a08\u57fa\u6e96\u3067\u306f\u3001\u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\u3092\u300c\u6761\u4ef6\u4ed8\u53d6\u5f97\u5bfe\u4fa1\u300d\u3068\u547c\u3093\u3067\u3044\u307e\u3059\u3002\u5c06\u6765\u306e\u696d\u7e3e\u306b\u9023\u52d5\u3059\u308b\u6761\u4ef6\u4ed8\u5bfe\u4fa1\u306e\u5834\u5408\u3001\u305d\u306e\u652f\u6255\u304c\u78ba\u5b9f\u3068\u306a\u308a\u3001\u6642\u4fa1\u304c\u5408\u7406\u7684\u306b\u7b97\u5b9a\u53ef\u80fd\u306b\u306a\u3063\u305f\u6642\u70b9\u3067\u4f1a\u8a08\u51e6\u7406\u3092\u884c\u3044\u307e\u3059\u3002\u5177\u4f53\u7684\u306b\u306f\u3001\u8ffd\u52a0\u652f\u6255\u984d\u3092\u3001\u500b\u5225\u8ca1\u52d9\u8af8\u8868\u4e0a\u306f\u682a\u5f0f\u306e\u53d6\u5f97\u539f\u4fa1\uff08\u5b50\u4f1a\u793e\u682a\u5f0f\uff09\u3068\u3057\u3066\u3001\u9023\u7d50\u8ca1\u52d9\u8af8\u8868\u4e0a\u306f\u300c\u306e\u308c\u3093\u300d\u3068\u3057\u3066\u8a08\u4e0a\u3057\u307e\u3059\u3002\u3053\u306e\u3068\u304d\u3001\u306e\u308c\u3093\u306f\u4f01\u696d\u7d50\u5408\u65e5\u306b\u9061\u3063\u3066\u8a08\u7b97\u3057\u3001\u904e\u53bb\u306e\u511f\u5374\u5206\u306f\u8cbb\u7528\u3068\u3057\u3066\u51e6\u7406\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u3064\u307e\u308a\u3001\u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\u6761\u9805\u3067\u5b9a\u3081\u305f\u696d\u7e3e\u6307\u6a19\u304c\u78ba\u5b9a\u3057\u3001\u8ffd\u52a0\u652f\u6255\u3044\u304c\u78ba\u5b9f\u306b\u306a\u3063\u305f\u6642\u70b9\u3067\u3001\u9023\u643a\u4e0a\u306f\u3001\u306e\u308c\u3093\u306e\u91d1\u984d\u3092\u5897\u3084\u3059\u306e\u3067\u3059\u3002\u3053\u308c\u306b\u4f34\u3044\u904e\u53bb\u306e\u306e\u308c\u3093\u511f\u5374\u8cbb\u3082\u4fee\u6b63\u3055\u308c\u307e\u3059\u304c\u3001\u904e\u5e74\u5ea6\u5206\u306f\u5f53\u671f\u306e\u640d\u5931\u3068\u3057\u3066\u51e6\u7406\u3059\u308b\u3053\u3068\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-5316a4d3d4f9aad946b48dd4c047651e\">\u25b7\u95a2\u9023\uff1a<a href=\"https:\/\/mitsukijapan.com\/ma\/column\/what-goodwill-ma-calculation-method-accounting-successful\/\">M&amp;A\u306e\u300c\u306e\u308c\u3093\u300d\u304c\u511f\u5374\u4e0d\u8981\u306b\u306a\u308b\uff1f\u8a08\u7b97\u65b9\u6cd5\u30fb\u4ed5\u8a33\u30fb\u511f\u5374\u671f\u9593\u3068\u306f<\/a><\/p>\n\n\n\n<h4 class=\"wp-block-heading\">IFRS<\/h4>\n\n\n\n<p>IFRS\u3067\u306f\u3001\u65e5\u672c\u57fa\u6e96\u3068\u306f\u7570\u306a\u308a\u3001\u4f01\u696d\u7d50\u5408\u65e5\u306e\u6642\u70b9\u3067\u6761\u4ef6\u4ed8\u53d6\u5f97\u5bfe\u4fa1\u3092\u516c\u6b63\u4fa1\u5024\u3067\u8a55\u4fa1\u3057\u3001M&amp;A\u5bfe\u4fa1\u306b\u542b\u3081\u307e\u3059\u3002\u305d\u306e\u5f8c\u3001\u6761\u4ef6\u4ed8\u5bfe\u4fa1\u306e\u516c\u6b63\u4fa1\u5024\u304c\u5909\u52d5\u3057\u3066\u3082\u3001\u53d6\u5f97\u65e5\u5f8c\u306e\u4e8b\u8c61\u306b\u8d77\u56e0\u3059\u308b\u5909\u52d5\u306f\u53cd\u6620\u3057\u307e\u305b\u3093\u3002\u3064\u307e\u308a\u3001\u6700\u7d42\u7684\u306b\u78ba\u5b9a\u3057\u305f\u6761\u4ef6\u4ed8\u5bfe\u4fa1\u304c\u5f53\u521d\u306e\u898b\u7a4d\u3082\u308a\u3068\u7570\u306a\u3063\u3066\u3082\u3001M&amp;A\u306e\u53d6\u5f97\u5bfe\u4fa1\uff08\u5b50\u4f1a\u793e\u682a\u5f0f\uff09\u3084\u300c\u306e\u308c\u3093\u300d\u306e\u91d1\u984d\u306f\u5909\u66f4\u3055\u308c\u306a\u3044\u306e\u3067\u3059\u3002<\/p>\n\n\n\n<p>\u307e\u305f\u3001IFRS\u3067\u306f\u6761\u4ef6\u4ed8\u5bfe\u4fa1\u3092\u8ca0\u50b5\u307e\u305f\u306f\u8cc7\u672c\u306b\u5206\u985e\u3059\u308b\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002\u91d1\u92ad\u652f\u6255\u3044\u306e\u5834\u5408\u306f\u901a\u5e38\u3001\u8ca0\u50b5\u3068\u3057\u3066\u8a8d\u8b58\u3055\u308c\u307e\u3059\u3002\u3053\u306e\u5834\u5408\u3001\u6bce\u671f\u672b\u306b\u6761\u4ef6\u4ed8\u5bfe\u4fa1\uff08\u8ca0\u50b5\uff09\u3092\u516c\u6b63\u4fa1\u5024\u8a55\u4fa1\u3057\u3001\u76f4\u8fd1\u306e\u8a08\u4e0a\u984d\u3068\u306e\u5dee\u984d\u3092\u7d14\u640d\u76ca\u3068\u3057\u3066\u8a8d\u8b58\u3059\u308b\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<h3 id=\"arkb-toc-10\" class=\"wp-block-heading\">\u7a0e\u52d9\u51e6\u7406<\/h3>\n\n\n\n<p>\u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\u6761\u9805\u304c\u767a\u52d5\u3057\u305f\u5834\u5408\u306e\u7a0e\u52d9\u51e6\u7406\u306b\u3064\u3044\u3066\u8aac\u660e\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">\u8cb7\u3044\u624b\u306e\u7a0e\u52d9<\/h4>\n\n\n\n<p>\u8b72\u53d7\u4f01\u696d\u306f\u3001\u5b50\u4f1a\u793e\u682a\u5f0f\u3092\u8ffd\u52a0\u7684\u306b\u8a08\u4e0a\u3059\u308b\u3060\u3051\u3067\u3059\u3002\u8ffd\u52a0\u7684\u306a\u652f\u6255\u306f\u8cbb\u7528\uff08\u640d\u91d1\uff09\u306b\u306f\u306a\u308a\u307e\u305b\u3093\u306e\u3067\u3001\u8ab2\u7a0e\u95a2\u4fc2\u306f\u306a\u3044\u3068\u3044\u3046\u3053\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">\u58f2\u308a\u624b\u306e\u7a0e\u52d9<\/h4>\n\n\n\n<p>\u8b72\u6e21\u5074\u304c\u6cd5\u4eba\u682a\u4e3b\u306e\u5834\u5408\u306f\u3001\u8ffd\u52a0\u7684\u306a\u8b72\u6e21\u53ce\u5165\u306f\u3001\u4f1a\u8a08\u4e0a\u3067\u53ce\u76ca\u3068\u3055\u308c\u3066\u3044\u308b\u3082\u306e\u304c\u3001\u305d\u306e\u307e\u307e\u7a0e\u52d9\u4e0a\u3082\u76ca\u91d1\u3068\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u4ed6\u65b9\u3067\u3001\u8b72\u6e21\u5074\u304c\u500b\u4eba\u682a\u4e3b\u306e\u5834\u5408\u306f\u3001\u682a\u5f0f\u8b72\u6e21\u306b\u3088\u308b\u6240\u5f97\u5206\u985e\u304c\u8ad6\u70b9\u3068\u306a\u308a\u307e\u3059\u3002\u672c\u6765\u3001\u500b\u4eba\u306e\u682a\u5f0f\u8b72\u6e21\u76ca\u306f\u8b72\u6e21\u6240\u5f97\u3068\u3057\u3066\u6271\u308f\u308c\u300120.315%\u306e\u7a0e\u7387\u304c\u9069\u7528\u3055\u308c\u307e\u3059\uff08<a href=\"https:\/\/mitsukijapan.com\/ma\/column\/what-is-the-tax-on-stock-transfer-thorough-explanation-from-tax-saving-to-final-tax-return\/\" target=\"_blank\" rel=\"noreferrer noopener\"><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-arkb-anchor-color\">\u30ad\u30e3\u30d4\u30bf\u30eb\u30b2\u30a4\u30f3\u8ab2\u7a0e<\/mark><\/a>\uff09\u3002\u3057\u304b\u3057\u3001\u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\u5bfe\u4fa1\u306e\u5834\u5408\u306f\u7570\u306a\u308b\u53d6\u308a\u6271\u3044\u3068\u306a\u308b\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<h5 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class=\"wp-block-heading\">\u3088\u304f\u3042\u308b\u3054\u8cea\u554f\uff5c\u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\u306b\u95a2\u3059\u308bFAQ<\/h2>\n\n\n\n<p>\u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\u306b\u95a2\u3059\u308b\u3088\u304f\u3042\u308b\u3054\u8cea\u554f\u3068\u3001\u305d\u306e\u56de\u7b54\u3092\u307e\u3068\u3081\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1757387362609\"><strong class=\"schema-faq-question\"><span class=\"arkb-fz arkb-fz-l\">Q\uff1a\u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\u3068\u306f\u3069\u306e\u3088\u3046\u306a\u6761\u9805\u3067\u3059\u304b\uff1f<\/span><\/strong> <p 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<\/div> <div class=\"schema-faq-section\" id=\"faq-question-1757387394691\"><strong class=\"schema-faq-question\"><span class=\"arkb-fz arkb-fz-l\">Q\uff1a\u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\u6761\u9805\u306f\u3069\u306e\u3088\u3046\u306aM&amp;A\u6848\u4ef6\u3067\u6d3b\u7528\u3055\u308c\u307e\u3059\u304b\uff1f<\/span><\/strong> <p 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<\/div> <div class=\"schema-faq-section\" id=\"faq-question-1757387453233\"><strong class=\"schema-faq-question\"><span class=\"arkb-fz arkb-fz-l\">Q\uff1a\u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\u306b\u306f\u3069\u306e\u3088\u3046\u306a\u7a2e\u985e\u304c\u3042\u308a\u307e\u3059\u304b\uff1f<\/span><\/strong> <p 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<\/div> <div class=\"schema-faq-section\" id=\"faq-question-1757387473810\"><strong class=\"schema-faq-question\"><span class=\"arkb-fz arkb-fz-l\">Q\uff1a\u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\u306e\u6761\u4ef6\u8a2d\u5b9a\u3067\u91cd\u8981\u306a\u6307\u6a19\u306f\u4f55\u3067\u3059\u304b\uff1f<\/span><\/strong> <p 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<\/div> <div class=\"schema-faq-section\" id=\"faq-question-1757387535907\"><strong class=\"schema-faq-question\"><span class=\"arkb-fz arkb-fz-l\">Q\uff1a\u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\u5bfe\u4fa1\u306e\u73fe\u5728\u4fa1\u5024\u306f\u3069\u306e\u3088\u3046\u306b\u8a55\u4fa1\u3055\u308c\u307e\u3059\u304b\uff1f<\/span><\/strong> <p 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<\/div> <div class=\"schema-faq-section\" id=\"faq-question-1757387567857\"><strong class=\"schema-faq-question\"><span class=\"arkb-fz arkb-fz-l\">Q\uff1a\u8b72\u6e21\u30aa\u30fc\u30ca\u30fc\u306f\u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\u6761\u9805\u3092\u3044\u3064\u53d7\u3051\u5165\u308c\u308b\u3079\u304d\u3067\u3059\u304b\uff1f<\/span><\/strong> <p 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<\/div> <div class=\"schema-faq-section\" id=\"faq-question-1757387620032\"><strong class=\"schema-faq-question\"><span class=\"arkb-fz arkb-fz-l\">Q\uff1a\u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\u306e\u5bfe\u4fa1\u306f\u7a0e\u52d9\u4e0a\u3069\u306e\u3088\u3046\u306b\u6271\u308f\u308c\u307e\u3059\u304b\uff1f<\/span><\/strong> <p class=\"schema-faq-answer\">\u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\u5bfe\u4fa1\u306e\u7a0e\u52d9\u4e0a\u306e\u53d6\u6271\u3044\u306f\u975e\u5e38\u306b\u8907\u96d1\u3067\u3042\u308a\u3001\u6ce8\u610f\u304c\u5fc5\u8981\u3067\u3059\u3002\u7279\u306b\u300c\u4fa1\u984d\u8abf\u6574\u6761\u9805\u300d\u306e\u5834\u5408\u3001\u8ffd\u52a0\u3067\u652f\u6255\u308f\u308c\u308b\u5bfe\u4fa1\u306f\u8b72\u6e21\u6240\u5f97\uff08\u7d0420%\u8ab2\u7a0e\uff09\u3067\u306f\u306a\u304f\u3001\u96d1\u6240\u5f97\uff08\u6700\u9ad855%\u306e\u7dcf\u5408\u8ab2\u7a0e\u5bfe\u8c61\uff09\u3068\u5224\u65ad\u3055\u308c\u308b\u5834\u5408\u304c\u591a\u3044\u3067\u3059\u3002\u307e\u305f\u3001\u300c\u4e8c\u6bb5\u968e\u8b72\u53d7\u300d\u306e\u5834\u5408\u3067\u3082\u3001\u6700\u4f4e\u4fdd\u8a3c\u91d1\u984d\u304c\u8a2d\u5b9a\u3055\u308c\u3066\u3044\u308b\u3068\u3001\u305d\u306e\u90e8\u5206\u306e\u6a29\u5229\u304c\u521d\u56de\u6642\u70b9\u3067\u78ba\u5b9a\u3057\u3066\u3044\u308b\u3068\u898b\u306a\u3055\u308c\u3001\u521d\u56de\u53d6\u5f15\u6642\u306b\u8ab2\u7a0e\u3055\u308c\u308b\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u3002\u6761\u4ef6\u9054\u6210\u304c\u975e\u5e38\u306b\u5bb9\u6613\u3068\u5224\u65ad\u3055\u308c\u308b\u5834\u5408\u3082\u3001\u505c\u6b62\u6761\u4ef6\u304c\u7121\u52b9\u3068\u898b\u306a\u3055\u308c\u3001\u65e9\u671f\u306b\u8ab2\u7a0e\u3055\u308c\u308b\u30ea\u30b9\u30af\u304c\u3042\u308a\u307e\u3059\u3002\u8a73\u7d30\u306b\u3064\u3044\u3066\u306f\u5fc5\u305a\u7a0e\u7406\u58eb\u306b\u78ba\u8a8d\u3059\u308b\u3053\u3068\u3092\u304a\u52e7\u3081\u3057\u307e\u3059\u3002<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1757387636440\"><strong class=\"schema-faq-question\"><span class=\"arkb-fz arkb-fz-l\">Q\uff1a\u682a\u5f0f\u306e\u4e00\u90e8\u3092\u8b72\u53d7\u5f8c\u306b\u6b8b\u3057\u305f\u5834\u5408\u306e\u30ea\u30b9\u30af\u306f\u4f55\u3067\u3059\u304b\uff1f<\/span><\/strong> <p class=\"schema-faq-answer\">M&amp;A\u5f8c\u3082\u682a\u5f0f\u306e\u4e00\u90e8\u3092\u8b72\u6e21\u30aa\u30fc\u30ca\u30fc\u304c\u4fdd\u6709\u3057\u7d9a\u3051\u308b\u5834\u5408\u3001\u3044\u304f\u3064\u304b\u306e\u30ea\u30b9\u30af\u304c\u5b58\u5728\u3057\u307e\u3059\u3002\u5c11\u6570\u682a\u4e3b\u3068\u3057\u3066\u6b8b\u308b\u5834\u5408\u3001\u91cd\u8981\u306a\u8b70\u6c7a\u6a29\u306a\u3069\u306e\u6a29\u5229\u3092\u307b\u3068\u3093\u3069\u6301\u3066\u306a\u304f\u306a\u308b\u305f\u3081\u3001\u6b8b\u3063\u305f\u682a\u5f0f\u3092\u81ea\u7531\u306b\u58f2\u5374\u3057\u3088\u3046\u3068\u3057\u3066\u3082\u3001\u5927\u682a\u4e3b\u3067\u3042\u308b\u8b72\u53d7\u4f01\u696d\u306e\u8a31\u53ef\u304c\u5fc5\u8981\u3068\u306a\u308b\u3053\u3068\u304c\u3042\u308a\u307e\u3059\u3002\u307e\u305f\u3001\u8b72\u53d7\u4f01\u696d\u304c\u5c06\u6765\u7684\u306b\u6b8b\u308a\u306e\u682a\u5f0f\u306e\u8cb7\u53d6\u3092\u62d2\u5426\u3059\u308b\u53ef\u80fd\u6027\u3082\u8003\u3048\u3089\u308c\u307e\u3059\u3002\u6700\u60aa\u306e\u5834\u5408\u3001\u8b72\u6e21\u30aa\u30fc\u30ca\u30fc\u306e\u610f\u601d\u306b\u53cd\u3057\u3066\u5f37\u5236\u7684\u306b\u682a\u5f0f\u3092\u91d1\u92ad\u5316\u3055\u308c\u308b\u300c\u30b9\u30af\u30a4\u30fc\u30ba\u30a2\u30a6\u30c8\u300d\u306e\u5bfe\u8c61\u3068\u306a\u308b\u3053\u3068\u3082\u3042\u308a\u5f97\u307e\u3059\u3002\u682a\u5f0f\u304c\u58f2\u5374\u3067\u304d\u306a\u3044\u53ef\u80fd\u6027\u304c\u3042\u308b\u3068\u8a8d\u8b58\u3057\u3066\u304a\u304f\u3079\u304d\u3067\u3059\u3002<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1757387702032\"><strong class=\"schema-faq-question\"><span class=\"arkb-fz arkb-fz-l\">Q\uff1a\u6b8b\u3057\u305f\u682a\u5f0f\u306e\u8cb7\u53d6\u3092\u62d2\u5426\u3055\u308c\u305f\u5834\u5408\u306e\u5bfe\u5fdc\u7b56\u306f\u3042\u308a\u307e\u3059\u304b\uff1f<\/span><\/strong> <p class=\"schema-faq-answer\">\u8b72\u6e21\u5f8c\u306b\u6b8b\u3057\u305f\u682a\u5f0f\u306e\u8cb7\u53d6\u62d2\u5426\u306b\u5099\u3048\u308b\u305f\u3081\u306b\u306f\u3001\u6700\u521d\u306e\u8b72\u53d7\u5951\u7d04\u6642\u306b\u660e\u78ba\u306a\u53d6\u308a\u6c7a\u3081\u3092\u3057\u3066\u304a\u304f\u3053\u3068\u304c\u4e0d\u53ef\u6b20\u3067\u3059\u3002\u5177\u4f53\u7684\u306b\u306f\u3001\u8b72\u6e21\u30aa\u30fc\u30ca\u30fc\u304c\u682a\u5f0f\u3092\u58f2\u5374\u3067\u304d\u308b\u6a29\u5229\u3067\u3042\u308b\u300c\u30d7\u30c3\u30c8\u30aa\u30d7\u30b7\u30e7\u30f3\u300d\u3068\u3001\u8b72\u53d7\u4f01\u696d\u304c\u682a\u5f0f\u3092\u8b72\u53d7\u3067\u304d\u308b\u6a29\u5229\u3067\u3042\u308b\u300c\u30b3\u30fc\u30eb\u30aa\u30d7\u30b7\u30e7\u30f3\u300d\u306e\u4e21\u65b9\u3092\u8a2d\u5b9a\u3059\u308b\u3053\u3068\u304c\u63a8\u5968\u3055\u308c\u307e\u3059\u3002\u3053\u308c\u306b\u3088\u308a\u3001\u6761\u4ef6\u9054\u6210\u6642\u306b\u306f\u8b72\u6e21\u30aa\u30fc\u30ca\u30fc\u304c\u58f2\u5374\u3067\u304d\u3001\u8b72\u53d7\u4f01\u696d\u3082\u8b72\u53d7\u3067\u304d\u308b\u30d0\u30e9\u30f3\u30b9\u306e\u53d6\u308c\u305f\u72b6\u6cc1\u3092\u4f5c\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002\u3055\u3089\u306b\u3001\u8b72\u53d7\u4f01\u696d\u304c\u8cb7\u53d6\u306b\u5fdc\u3058\u306a\u3044\u5834\u5408\u306b\u3001\u8b72\u6e21\u30aa\u30fc\u30ca\u30fc\u304c\u4ed6\u306e\u8b72\u53d7\u4f01\u696d\u3092\u63a2\u3057\u3066\u58f2\u5374\u3067\u304d\u308b\u6a29\u5229\u3092\u8a2d\u5b9a\u3059\u308b\u3053\u3068\u3082\u6709\u52b9\u306a\u5bfe\u7b56\u3068\u306a\u308a\u307e\u3059\u3002\u307e\u305f\u3001\u30a4\u30f3\u30bb\u30f3\u30c6\u30a3\u30d6\u4ed8\u4e0e\u304c\u76ee\u7684\u3067\u3042\u308c\u3070\u3001\u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\u3068\u306f\u5225\u306b\u30b9\u30c8\u30c3\u30af\u30aa\u30d7\u30b7\u30e7\u30f3\u3092\u4ed8\u4e0e\u3059\u308b\u30b9\u30ad\u30fc\u30e0\u3082\u691c\u8a0e\u3067\u304d\u307e\u3059\u3002<\/p> <\/div> <\/div>\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-12\" class=\"wp-block-heading\">M&amp;A\u306e\u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\u6761\u9805\u306e\u307e\u3068\u3081<\/h2>\n\n\n\n<p>\u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\u306f\u3001\u8b72\u53d7\u4f01\u696d\u3068\u8b72\u6e21\u5074\u3067\u9069\u5207\u306a\u4ea4\u6e09\u3092\u884c\u3044\u3001\u6700\u5584\u306e\u89e3\u6c7a\u7b56\u3092\u898b\u3064\u3051\u308b\u3053\u3068\u304c\u91cd\u8981\u3067\u3059\u3002\u305f\u3060\u3057\u3001\u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\u6761\u9805\u306b\u306f\u8ca1\u52d9\u6307\u6a19\u3084\u8a55\u4fa1\u671f\u9593\u306a\u3069\u306e\u7d30\u304b\u3044\u8a2d\u5b9a\u304c\u6c42\u3081\u3089\u308c\u3001\u4ea4\u6e09\u304c\u96e3\u822a\u3059\u308b\u5834\u5408\u3082\u3042\u308a\u307e\u3059\u3002\u305d\u306e\u305f\u3081\u3001\u8ca1\u52d9\u6307\u6a19\u3084\u8a55\u4fa1\u671f\u9593\u306a\u3069\u306e\u8a2d\u5b9a\u306b\u7cbe\u901a\u3057\u3066\u304a\u308a\u3001\u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\u578b\u306eM&amp;A\u306e\u7d4c\u9a13\u8c4a\u5bcc\u306a\u5c02\u9580\u5bb6\u306b\u76f8\u8ac7\u3059\u308b\u3053\u3068\u304c\u6210\u529f\u306b\u7e4b\u304c\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\u306615\u5e74\u4ee5\u4e0a\u306e\u696d\u6b74\u304c\u3042\u308a\u3001\u4e2d\u5c0f\u4f01\u696dM&amp;A\u306b\u7279\u5316\u3057\u305f\u7d4c\u9a13\u5b9f\u7e3e\u304c\u8c4a\u5bcc\u306aM&amp;A\u30a2\u30c9\u30d0\u30a4\u30b6\u30fc\u304c\u591a\u6570\u5728\u7c4d\u3057\u3066\u3044\u307e\u3059\u3002\u307f\u3064\u304d\u7a0e\u7406\u58eb\u6cd5\u4eba\u3068\u9023\u643a\u3059\u308b\u3053\u3068\u306b\u3088\u308a\u3001\u7a0e\u52d9\u9762\u3084\u6cd5\u5f8b\u9762\u306e\u30b5\u30dd\u30fc\u30c8\u3082\u30ef\u30f3\u30b9\u30c8\u30c3\u30d7\u3067\u5bfe\u5fdc\u53ef\u80fd\u3067\u3059\u306e\u3067\u3001M&amp;A\u3092\u3054\u691c\u8a0e\u306e\u969b\u306f\u3001\u6210\u529f\u3059\u308bM&amp;A\u4ef2\u4ecb\u3067\u5b9f\u7e3e\u306e\u3042\u308b\u3001\u307f\u3064\u304d\u30b3\u30f3\u30b5\u30eb\u30c6\u30a3\u30f3\u30b0\u306b\u3054\u76f8\u8ac7\u304f\u3060\u3055\u3044\u3002&nbsp;<\/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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