{"id":3027,"date":"2026-06-01T10:51:04","date_gmt":"2026-06-01T01:51:04","guid":{"rendered":"https:\/\/mitsukijapan.com\/ma\/?post_type=column&p=3027"},"modified":"2026-06-09T16:37:54","modified_gmt":"2026-06-09T07:37:54","slug":"enterprise-value-sale","status":"publish","type":"column","link":"https:\/\/mitsukijapan.com\/ma\/column\/enterprise-value-sale\/","title":{"rendered":"M&A\u306e\u4f01\u696d\u4fa1\u5024\u3068\u306f\uff1f\u4fa1\u683c\u3092\u6c7a\u3081\u308bEV\u3068\u4e8b\u696d\u4fa1\u5024\u30fb\u682a\u5f0f\u4fa1\u5024\u306e\u95a2\u4fc2"},"content":{"rendered":"\n

\u300c\u3046\u3061\u306e\u4f1a\u793e\u306f\u3044\u304f\u3089\u3067\u58f2\u308c\u308b\u306e\u304b\u300d\u3002\u305d\u306e\u7b54\u3048\u3092\u5de6\u53f3\u3059\u308b\u306e\u304c\u4f01\u696d\u4fa1\u5024\uff08EV\uff09\u30fb\u4e8b\u696d\u4fa1\u5024\u30fb\u682a\u5f0f\u4fa1\u5024\u306e\u95a2\u4fc2\u3067\u3059\u3002\u8b72\u6e21\u30aa\u30fc\u30ca\u30fc\u304c\u5b9f\u969b\u306b\u624b\u306b\u3059\u308b\u91d1\u984d\u306f\u3001\u4f01\u696d\u4fa1\u5024\u304b\u3089\u7d14\u6709\u5229\u5b50\u8ca0\u50b5\u3092\u5f15\u3044\u305f\u682a\u5f0f\u4fa1\u5024\u3067\u6c7a\u307e\u308a\u307e\u3059\u30023\u3064\u306e\u8a55\u4fa1\u65b9\u6cd5\u3068\u4fa1\u984d\u304c\u52d5\u304f\u4ed5\u7d44\u307f\u3092\u3001\u4f1a\u793e\u58f2\u5374\u306e\u8996\u70b9\u3067\u6574\u7406\u3057\u307e\u3059\u3002<\/p>\n\n\n\n

\n
\n
\"\"<\/a><\/figure>\n<\/div>\n\n\n\n
\n
\"\"<\/a><\/figure>\n<\/div>\n<\/div>\n\n\n
\n\t\t
\u76ee\u6b21<\/div>\n\t\t
  1. \u4f1a\u793e\u58f2\u5374\u3067\u53d7\u3051\u53d6\u308b\u4fa1\u5024\u306f\u3069\u3046\u6c7a\u307e\u308b\u304b<\/a>
    1. \u8b72\u6e21\u30aa\u30fc\u30ca\u30fc\u304c\u6700\u7d42\u7684\u306b\u624b\u306b\u3059\u308b\u306e\u306f\u682a\u5f0f\u4fa1\u5024<\/a><\/li>
    2. \u4f01\u696d\u4fa1\u5024\u30fb\u4e8b\u696d\u4fa1\u5024\u30fb\u682a\u5f0f\u4fa1\u5024\u306e\u95a2\u4fc2\u3092\u4e00\u679a\u3067\u62bc\u3055\u3048\u308b<\/a><\/li><\/ol><\/li>
    3. \u305d\u3082\u305d\u3082\u4f01\u696d\u4fa1\u5024\u30fb\u4e8b\u696d\u4fa1\u5024\u30fb\u682a\u5f0f\u4fa1\u5024\u3068\u306f\u4f55\u304b<\/a>
      1. \u4e8b\u696d\u4fa1\u5024\u306f\u300c\u7a3c\u3050\u529b\u300d\u306e\u4fa1\u5024<\/a><\/li>
      2. \u4f01\u696d\u4fa1\u5024\u306f\u4f1a\u793e\u5168\u4f53\u306e\u4fa1\u5024<\/a><\/li>
      3. \u682a\u5f0f\u4fa1\u5024\u306f\u682a\u4e3b\u306e\u53d6\u308a\u5206<\/a><\/li><\/ol><\/li>
      4. \u7d14\u6709\u5229\u5b50\u8ca0\u50b5\u304c\u8b72\u6e21\u4fa1\u984d\u3092\u5927\u304d\u304f\u52d5\u304b\u3059\u7406\u7531<\/a>
        1. \u30cd\u30c3\u30c8\u30c7\u30c3\u30c8\u306e\u8003\u3048\u65b9<\/a><\/li><\/ol><\/li>
        2. \u4f01\u696d\u4fa1\u5024\u306e\u8a55\u4fa1\u65b9\u6cd5\u3068\u4e2d\u5c0f\u4f01\u696d\u3067\u306e\u5b9f\u52d9<\/a>
          1. \u30b3\u30b9\u30c8\u30a2\u30d7\u30ed\u30fc\u30c1<\/a><\/li>
          2. \u30de\u30fc\u30b1\u30c3\u30c8\u30a2\u30d7\u30ed\u30fc\u30c1<\/a><\/li>
          3. \u30a4\u30f3\u30ab\u30e0\u30a2\u30d7\u30ed\u30fc\u30c1<\/a><\/li><\/ol><\/li>
          4. \u4f1a\u793e\u58f2\u5374\u3067\u4f01\u696d\u4fa1\u5024\u3092\u9ad8\u3081\u308b\u305f\u3081\u306e\u6e96\u5099<\/a>
            1. \u7d14\u8cc7\u7523\u3092\u539a\u304f\u3057\u3001\u7d14\u6709\u5229\u5b50\u8ca0\u50b5\u3092\u5727\u7e2e\u3059\u308b<\/a><\/li>
            2. \u6c7a\u7b97\u66f8\u306b\u8868\u308c\u306a\u3044\u5f37\u307f\u3092\u53ef\u8996\u5316\u3059\u308b<\/a><\/li>
            3. \u58f2\u308a\u6642\u3092\u9003\u3055\u306a\u3044<\/a><\/li><\/ol><\/li>
            4. \u4f01\u696d\u4fa1\u5024\u8a55\u4fa1\u3067\u8b72\u6e21\u30aa\u30fc\u30ca\u30fc\u304c\u6ce8\u610f\u3059\u3079\u304d\u70b9<\/a>
              1. \u975e\u6d41\u52d5\u6027\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\u306e\u4e8c\u91cd\u63a7\u9664<\/a><\/li>
              2. \u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\u3067\u4e0d\u78ba\u5b9f\u6027\u3092\u57cb\u3081\u308b<\/a><\/li>
              3. \u8a55\u4fa1\u57fa\u6e96\u65e5\u306e\u3068\u308a\u65b9<\/a><\/li><\/ol><\/li>
              4. \u4f1a\u793e\u306e\u4fa1\u5024\uff08\u58f2\u308a\u624b\u306e\u53d6\u308a\u5206\uff09\u306b\u95a2\u3059\u308bFAQ<\/a><\/li>
              5. \u4f1a\u793e\u58f2\u5374\u306e\u4f01\u696d\u4fa1\u5024\u306e\u307e\u3068\u3081<\/a><\/li><\/ol><\/li><\/ol>\n\t<\/div>\n\n\n

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

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

                \u4f1a\u793e\u58f2\u5374\u3067\u53d7\u3051\u53d6\u308b\u4fa1\u5024\u306f\u3069\u3046\u6c7a\u307e\u308b\u304b<\/h2>\n\n\n\n

                \u300c\u4f01\u696d\u4fa1\u50245\u5104\u5186\u300d\u3068\u8a00\u308f\u308c\u3066\u30015\u5104\u5186\u304c\u4e38\u3054\u3068\u624b\u5143\u306b\u6b8b\u308b\u3068\u601d\u3063\u3066\u3044\u305f\uff0d\uff0d\u3002\u4f1a\u793e\u58f2\u5374\u3092\u521d\u3081\u3066\u691c\u8a0e\u3059\u308b\u30aa\u30fc\u30ca\u30fc\u7d4c\u55b6\u8005\u306e\u76f8\u8ac7\u3067\u3001\u3053\u306e\u52d8\u9055\u3044\u306f\u73cd\u3057\u304f\u3042\u308a\u307e\u305b\u3093\u3002\u5b9f\u969b\u306b\u8b72\u6e21\u30aa\u30fc\u30ca\u30fc\u304c\u53d7\u3051\u53d6\u308b\u306e\u306f\u3001\u4f01\u696d\u4fa1\u5024\u305d\u306e\u3082\u306e\u3067\u306f\u306a\u3044\u304b\u3089\u3067\u3059\u3002<\/p>\n\n\n\n

                \u4f1a\u793e\u306e\u4fa1\u5024\u3092\u8868\u3059\u8a00\u8449\u306b\u306f\u3001\u4f01\u696d\u4fa1\u5024\u30fb\u4e8b\u696d\u4fa1\u5024\u30fb\u682a\u5f0f\u4fa1\u5024\u306e3\u3064\u304c\u3042\u308a\u307e\u3059\u3002\u4f3c\u3066\u898b\u3048\u307e\u3059\u304c\u3001\u6307\u3057\u793a\u3059\u3082\u306e\u304c\u9055\u3044\u307e\u3059\u3002\u305d\u3057\u3066\u8b72\u6e21\u4fa1\u984d\u306e\u4ea4\u6e09\u3067\u6700\u5f8c\u306b\u52b9\u3044\u3066\u304f\u308b\u306e\u306f\u3001\u3053\u306e\u3046\u3061\u306e\u300c\u682a\u5f0f\u4fa1\u5024\u300d\uff08\u682a\u4e3b\u4fa1\u5024\uff09\u3067\u3059\u3002<\/p>\n\n\n\n

                \"\u4f01\u696d\u4fa1\u5024\u30fb\u4e8b\u696d\u4fa1\u5024\u30fb\u682a\u5f0f\u4fa1\u5024\u306e\u95a2\u4fc2\u6027\u3068\u69cb\u6210\u8981\u7d20\u3092\u8868\u3057\u305f\u56f3\u89e3\"<\/figure>\n\n\n\n

                \u8b72\u6e21\u30aa\u30fc\u30ca\u30fc\u304c\u6700\u7d42\u7684\u306b\u624b\u306b\u3059\u308b\u306e\u306f\u682a\u5f0f\u4fa1\u5024<\/h3>\n\n\n\n

                \u682a\u5f0f\u8b72\u6e21\u3067\u4f1a\u793e\u3092\u58f2\u308b\u5834\u5408\u3001\u8b72\u6e21\u30aa\u30fc\u30ca\u30fc\u304c\u53d7\u3051\u53d6\u308b\u5bfe\u4fa1\u306e\u30d9\u30fc\u30b9\u306b\u306a\u308b\u306e\u306f\u682a\u5f0f\u4fa1\u5024\u3067\u3059\u3002\u4f1a\u793e\u5168\u4f53\u306e\u4fa1\u5024\u3067\u3042\u308b\u4f01\u696d\u4fa1\u5024\u304b\u3089\u3001\u9280\u884c\u501f\u5165\u306a\u3069\u306e\u8fd4\u6e08\u7fa9\u52d9\u304c\u3042\u308b\u8ca0\u50b5\u3092\u5dee\u3057\u5f15\u3044\u305f\u6b8b\u308a\u304c\u3001\u682a\u4e3b\u306b\u5e30\u5c5e\u3059\u308b\u53d6\u308a\u5206\u306b\u306a\u308a\u307e\u3059\u3002\u4e2d\u5c0f\u4f01\u696d\u306eM&A\u306f\u682a\u5f0f\u8b72\u6e21\u304c\u5927\u534a\u3092\u5360\u3081\u308b\u624b\u6cd5<\/mark><\/a>\u306e\u305f\u3081\u3001\u3053\u3053\u3092\u53d6\u308a\u9055\u3048\u308b\u3068\u60f3\u5b9a\u3068\u306e\u5dee\u306b\u9a5a\u304f\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n

                \u4f1a\u793e\u58f2\u5374\u306e\u5168\u4f53\u50cf\u304b\u3089\u78ba\u8a8d\u3057\u305f\u3044\u5834\u5408\u306f\u3001\u4f1a\u793e\u58f2\u5374\u306e\u624b\u6cd5\u3084\u4fa1\u683c\u30fb\u7a0e\u91d1\u306e\u6574\u7406<\/mark><\/a>\u3082\u3042\u308f\u305b\u3066\u3054\u89a7\u304f\u3060\u3055\u3044\u3002<\/p>\n\n\n\n

                \u4f01\u696d\u4fa1\u5024\u30fb\u4e8b\u696d\u4fa1\u5024\u30fb\u682a\u5f0f\u4fa1\u5024\u306e\u95a2\u4fc2\u3092\u4e00\u679a\u3067\u62bc\u3055\u3048\u308b<\/h3>\n\n\n\n

                3\u3064\u306e\u4fa1\u5024\u306f\u5225\u7269\u3067\u306f\u306a\u304f\u3001\u5165\u308c\u5b50\u306e\u95a2\u4fc2\u306b\u3042\u308a\u307e\u3059\u3002\u4e0b\u8868\u306e\u3088\u3046\u306b\u3001\u5185\u5074\u304b\u3089\u4e8b\u696d\u4fa1\u5024\u304c\u3042\u308a\u3001\u305d\u306e\u5916\u306b\u4f01\u696d\u4fa1\u5024\u304c\u3042\u308a\u3001\u305d\u3053\u304b\u3089\u8ca0\u50b5\uff08\u50b5\u6a29\u8005\u4fa1\u5024\uff09\u3092\u5f15\u3044\u305f\u90e8\u5206\u304c\u682a\u5f0f\u4fa1\u5024\uff08\u682a\u4e3b\u4fa1\u5024\uff09\u3067\u3059\u3002\u7b97\u5b9a\u306e\u6d41\u308c\u3082\u3001\u8a55\u4fa1\u624b\u6cd5\u304b\u3089\u5c0e\u3044\u305f\u4fa1\u5024\u3092\u9806\u756a\u306b\u8abf\u6574\u3057\u3066\u682a\u5f0f\u4fa1\u5024\u306b\u305f\u3069\u308a\u7740\u304f\u5f62\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n

                \"M&A\u306b\u304a\u3051\u308b\u4f1a\u793e\u306e\u4fa1\u5024\u306e\u69cb\u9020\u56f3\u3002\u4e8b\u696d\u4fa1\u5024\u306b\u975e\u4e8b\u696d\u4fa1\u5024\u3092\u8db3\u3057\u305f\u300c\u4f01\u696d\u4fa1\u5024\u300d\u304b\u3089\u3001\u50b5\u6a29\u8005\u4fa1\u5024\uff08\u501f\u5165\u91d1\uff09\u3092\u5dee\u3057\u5f15\u3044\u305f\u6b8b\u308a\u304c\u682a\u4e3b\u4fa1\u5024\uff08\u682a\u5f0f\u4fa1\u5024\uff09\u306b\u306a\u308b\u5165\u308c\u5b50\u95a2\u4fc2\u3092\u793a\u3057\u305f\u30a4\u30e9\u30b9\u30c8\u3002\"<\/figure>\n\n\n\n

                \u305d\u3082\u305d\u3082\u4f01\u696d\u4fa1\u5024\u30fb\u4e8b\u696d\u4fa1\u5024\u30fb\u682a\u5f0f\u4fa1\u5024\u3068\u306f\u4f55\u304b<\/h2>\n\n\n\n

                \u7528\u8a9e\u305d\u306e\u3082\u306e\u3092\u3082\u3046\u5c11\u3057\u4e01\u5be7\u306b\u62bc\u3055\u3048\u3066\u304a\u304d\u307e\u3059\u3002\u610f\u5473\u3092\u6b63\u3057\u304f\u533a\u5225\u3067\u304d\u308b\u3068\u3001\u4ea4\u6e09\u306e\u5e2d\u3067\u51fa\u3066\u304f\u308b\u6570\u5b57\u304c\u3069\u306e\u4fa1\u5024\u3092\u6307\u3057\u3066\u3044\u308b\u306e\u304b\u3092\u898b\u629c\u3051\u308b\u3088\u3046\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n

                \u4e8b\u696d\u4fa1\u5024\u306f\u300c\u7a3c\u3050\u529b\u300d\u306e\u4fa1\u5024<\/h3>\n\n\n\n

                \u4e8b\u696d\u4fa1\u5024\u306f\u3001\u305d\u306e\u4e8b\u696d\u304c\u5c06\u6765\u751f\u307f\u51fa\u3059\u30d5\u30ea\u30fc\u30fb\u30ad\u30e3\u30c3\u30b7\u30e5\u30fb\u30d5\u30ed\u30fc\u3092\u73fe\u5728\u4fa1\u5024\u306b\u76f4\u3057\u305f\u3082\u306e\u3067\u3059\u3002\u6c7a\u7b97\u66f8\u306e\u7d14\u8cc7\u7523\u3068\u306f\u7121\u95a2\u4fc2\u306b\u3001\u8d85\u904e\u53ce\u76ca\u529b\u3067\u3042\u308b\u306e\u308c\u3093\u3084\u3001\u6280\u8853\u30fb\u9867\u5ba2\u57fa\u76e4\u3068\u3044\u3063\u305f\u7121\u5f62\u8cc7\u7523\u3082\u7e54\u308a\u8fbc\u3093\u3060\u7dcf\u5408\u7684\u306a\u4fa1\u5024\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n

                \u4e00\u65b9\u3067\u3001\u4e8b\u696d\u306b\u76f4\u63a5\u4f7f\u3063\u3066\u3044\u306a\u3044\u8cc7\u7523\u306f\u4e8b\u696d\u4fa1\u5024\u306b\u306f\u5165\u308a\u307e\u305b\u3093\u3002\u4f59\u5270\u306e\u73fe\u91d1\u9810\u91d1\u3084\u6295\u8cc7\u7528\u6709\u4fa1\u8a3c\u5238\u3001\u4f7f\u3063\u3066\u3044\u306a\u3044\u4e0d\u52d5\u7523\u306a\u3069\u306f\u3001\u975e\u4e8b\u696d\u7528\u8cc7\u7523\u3068\u3057\u3066\u5225\u67a0\u3067\u6271\u3044\u307e\u3059\u3002M&A\u624b\u6cd5\u3068\u3057\u3066\u4e8b\u696d\u8b72\u6e21\u3092\u9078\u3076\u30b1\u30fc\u30b9<\/mark><\/a>\u3067\u306f\u3001\u3053\u306e\u4e8b\u696d\u4fa1\u5024\u304c\u8b72\u6e21\u4fa1\u683c\u306e\u51fa\u767a\u70b9\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n

                \u4f01\u696d\u4fa1\u5024\u306f\u4f1a\u793e\u5168\u4f53\u306e\u4fa1\u5024<\/h3>\n\n\n\n

                \u4f01\u696d\u4fa1\u5024\u306f\u3001\u4e8b\u696d\u4fa1\u5024\u306b\u975e\u4e8b\u696d\u7528\u8cc7\u7523\u3092\u8db3\u3057\u305f\u3082\u306e\u3067\u3059\u3002\u7b97\u5f0f\u306f\u300c\u4f01\u696d\u4fa1\u5024\uff1d\u4e8b\u696d\u4fa1\u5024\uff0b\u975e\u4e8b\u696d\u7528\u8cc7\u7523\u300d\u3002\u4f1a\u793e\u304c\u62b1\u3048\u308b\u4f59\u5270\u30ad\u30e3\u30c3\u30b7\u30e5\u3084\u904a\u4f11\u4e0d\u52d5\u7523\u306f\u3001\u672c\u696d\u306e\u7a3c\u304e\u3068\u306f\u5225\u306b\u4fa1\u5024\u3092\u6301\u3064\u305f\u3081\u3001\u3053\u3053\u3067\u52a0\u7b97\u3057\u307e\u3059\u3002<\/p>\n\n\n\n

                \u682a\u5f0f\u4fa1\u5024\u306f\u682a\u4e3b\u306e\u53d6\u308a\u5206<\/h3>\n\n\n\n

                \u682a\u5f0f\u4fa1\u5024\uff08\u682a\u4e3b\u4fa1\u5024\uff09\u306f\u3001\u4f01\u696d\u4fa1\u5024\u304b\u3089\u7d14\u6709\u5229\u5b50\u8ca0\u50b5\u3092\u5dee\u3057\u5f15\u3044\u305f\u3001\u682a\u4e3b\u306b\u5e30\u5c5e\u3059\u308b\u90e8\u5206\u3067\u3059\u3002\u4e0a\u5834\u4f01\u696d\u306e\u6642\u4fa1\u7dcf\u984d\u306b\u8fd1\u3044\u6982\u5ff5\u3067\u3059\u304c\u3001\u53b3\u5bc6\u306b\u306f\u4e00\u81f4\u3057\u307e\u305b\u3093\u3002\u975e\u4e0a\u5834\u306e\u4e2d\u5c0f\u4f01\u696d\u3067\u3082\u8003\u3048\u65b9\u306f\u540c\u3058\u3067\u3001\u6642\u4fa1\u7dcf\u984d\u3068\u682a\u4e3b\u4fa1\u5024\u306e\u9055\u3044<\/mark><\/a>\u3092\u62bc\u3055\u3048\u3066\u304a\u304f\u3068\u7406\u89e3\u304c\u65e9\u307e\u308a\u307e\u3059\u3002<\/p>\n\n\n\n

                \u4fa1\u5024\u306e\u7a2e\u985e<\/th>\u610f\u5473<\/th>\u4f1a\u793e\u58f2\u5374\u3067\u306e\u4f4d\u7f6e\u3065\u3051<\/th><\/tr><\/thead>
                \u4e8b\u696d\u4fa1\u5024<\/strong><\/td>\u4e8b\u696d\u304c\u5c06\u6765\u751f\u307f\u51fa\u3059\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306e\u73fe\u5728\u4fa1\u5024\uff08\u306e\u308c\u3093\u7b49\u3092\u542b\u3080\uff09<\/td>\u8a55\u4fa1\u624b\u6cd5\u3067\u6700\u521d\u306b\u7b97\u51fa\u3055\u308c\u308b\u571f\u53f0<\/td><\/tr>
                \u4f01\u696d\u4fa1\u5024<\/strong><\/td>\u4e8b\u696d\u4fa1\u5024\uff0b\u975e\u4e8b\u696d\u7528\u8cc7\u7523\uff08\u4f59\u5270\u73fe\u91d1\u30fb\u904a\u4f11\u4e0d\u52d5\u7523\u306a\u3069\uff09<\/td>\u4f1a\u793e\u5168\u4f53\u306e\u4fa1\u5024<\/td><\/tr>
                \u682a\u5f0f\u4fa1\u5024<\/strong><\/td>\u4f01\u696d\u4fa1\u5024\uff0d\u7d14\u6709\u5229\u5b50\u8ca0\u50b5<\/td>\u8b72\u6e21\u30aa\u30fc\u30ca\u30fc\u306e\u53d6\u308a\u5206\uff08\u8b72\u6e21\u4fa1\u984d\u306e\u30d9\u30fc\u30b9\uff09<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

                \u5b9f\u969b\u306e\u8b72\u6e21\u4fa1\u683c\u306e\u7d44\u307f\u7acb\u3066\u65b9\u306f\u3001\u81ea\u793e\u682a\u5f0f\u3092\u8b72\u6e21\u3059\u308b\u3068\u304d\u306e\u4fa1\u683c\u306e\u8003\u3048\u65b9<\/mark><\/a>\u3067\u5177\u4f53\u7684\u306b\u78ba\u8a8d\u3067\u304d\u307e\u3059\u3002<\/p>\n\n\n\n

                EV\u3068\u3044\u3046\u7565\u8a9e\u306e\u843d\u3068\u3057\u7a74<\/h4>\n\n\n\n

                \u73fe\u5834\u3067\u6df7\u4e71\u3092\u751f\u307f\u3084\u3059\u3044\u306e\u304cEV\uff08Enterprise Value\uff09\u3068\u3044\u3046\u7565\u8a9e\u3067\u3059\u3002\u672c\u6765\u306fEV\uff1d\u4e8b\u696d\u4fa1\u5024\u3092\u6307\u3057\u307e\u3059\u304c\u3001\u5b9f\u52d9\u3067\u306fEV\uff1d\u4f01\u696d\u4fa1\u5024\u306e\u610f\u5473\u3067\u3082\u6163\u7fd2\u7684\u306b\u4f7f\u308f\u308c\u307e\u3059\u3002\u8cc7\u6599\u306b\u300cEV\u300d\u3068\u3060\u3051\u66f8\u304b\u308c\u3066\u3044\u305f\u3089\u3001\u6587\u8108\u304b\u3089\u3069\u3061\u3089\u3092\u6307\u3057\u3066\u3044\u308b\u306e\u304b\u3092\u78ba\u8a8d\u3059\u308b\u3002\u5730\u5473\u3067\u3059\u304c\u3001\u3053\u3053\u3092\u66d6\u6627\u306b\u3057\u305f\u307e\u307e\u4ea4\u6e09\u3092\u9032\u3081\u308b\u3068\u3001\u5f8c\u3067\u6570\u5b57\u306e\u8a8d\u8b58\u304c\u305a\u308c\u307e\u3059\u3002<\/p>\n\n\n\n

                \u7d14\u6709\u5229\u5b50\u8ca0\u50b5\u304c\u8b72\u6e21\u4fa1\u984d\u3092\u5927\u304d\u304f\u52d5\u304b\u3059\u7406\u7531<\/h2>\n\n\n\n

                \u4f1a\u793e\u58f2\u5374\u306e\u73fe\u5834\u3067\u3001\u4f01\u696d\u4fa1\u5024\u3068\u624b\u53d6\u308a\u306e\u5dee\u3092\u751f\u3080\u6700\u5927\u306e\u8981\u56e0\u304c\u7d14\u6709\u5229\u5b50\u8ca0\u50b5\u3067\u3059\u3002\u540c\u3058\u4f01\u696d\u4fa1\u5024\u3067\u3082\u3001\u501f\u5165\u306e\u591a\u5be1\u3067\u8b72\u6e21\u30aa\u30fc\u30ca\u30fc\u306e\u53d6\u308a\u5206\u306f\u5927\u304d\u304f\u5909\u308f\u308a\u307e\u3059\u3002<\/p>\n\n\n\n

                \u30cd\u30c3\u30c8\u30c7\u30c3\u30c8\u306e\u8003\u3048\u65b9<\/h3>\n\n\n\n

                \u7d14\u6709\u5229\u5b50\u8ca0\u50b5\u306f\u3001\u501f\u5165\u91d1\u3084\u793e\u50b5\u306a\u3069\u306e\u6709\u5229\u5b50\u8ca0\u50b5\u304b\u3089\u3001\u4f59\u5270\u306e\u73fe\u91d1\u9810\u91d1\u3092\u5dee\u3057\u5f15\u3044\u305f\u7d14\u984d\u3067\u3059\u3002\u4f01\u696d\u4fa1\u5024\u304b\u3089\u7d14\u6709\u5229\u5b50\u8ca0\u50b5\u3092\u5f15\u3044\u3066\u682a\u5f0f\u4fa1\u5024\u3092\u51fa\u3059\u305f\u3081\u3001\u501f\u5165\u304c\u91cd\u3044\u4f1a\u793e\u307b\u3069\u682a\u4e3b\u306e\u53d6\u308a\u5206\u306f\u8584\u304f\u306a\u308a\u307e\u3059\u3002\u4eee\u306e\u6570\u5024\u3067\u4e26\u3079\u308b\u3068\u3001\u4e0b\u8868\u306e\u3088\u3046\u306a\u95a2\u4fc2\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n

                \u9805\u76ee<\/th>\u91d1\u984d\uff08\u4eee\u306e\u6570\u5024\u4f8b\uff09<\/th><\/tr><\/thead>
                \u4e8b\u696d\u4fa1\u5024<\/strong><\/td>5.0\u5104\u5186<\/td><\/tr>
                \uff0b\u975e\u4e8b\u696d\u7528\u8cc7\u7523\uff08\u904a\u4f11\u4e0d\u52d5\u7523\u306a\u3069\uff09<\/strong><\/td>0.5\u5104\u5186<\/td><\/tr>
                \uff1d\u4f01\u696d\u4fa1\u5024<\/strong><\/td>5.5\u5104\u5186<\/td><\/tr>
                \uff0d\u7d14\u6709\u5229\u5b50\u8ca0\u50b5\uff08\u501f\u51652.5\u5104\u5186\uff0d\u4f59\u5270\u73fe\u91d10.5\u5104\u5186\uff09<\/strong><\/td>2.0\u5104\u5186<\/td><\/tr>
                \uff1d\u682a\u5f0f\u4fa1\u5024\uff08\u8b72\u6e21\u30aa\u30fc\u30ca\u30fc\u306e\u53d6\u308a\u5206\uff09<\/strong><\/td>3.5\u5104\u5186<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

                \u8ca0\u50b5\u6bd4\u7387\u304c\u9ad8\u3044\u4f1a\u793e\u307b\u3069\u682a\u5f0f\u4fa1\u5024\u304c\u8584\u304f\u306a\u308a\u3084\u3059\u3044\u69cb\u56f3\u3067\u3059\u3002\u8a73\u3057\u304f\u306f\u8ca0\u50b5\u6bd4\u7387\u306eM&A\u3078\u306e\u5f71\u97ff<\/mark><\/a>\u3067\u6574\u7406\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n

                \u5f79\u54e1\u501f\u5165\u91d1\u30fb\u4f59\u5270\u73fe\u91d1\u306e\u6271\u3044\u306b\u6ce8\u610f<\/h4>\n\n\n\n

                \u4e2d\u5c0f\u4f01\u696d\u3067\u3064\u307e\u305a\u304d\u3084\u3059\u3044\u306e\u304c\u3001\u793e\u9577\u500b\u4eba\u304b\u3089\u306e\u5f79\u54e1\u501f\u5165\u91d1\u3084\u3001\u904e\u5927\u306a\u73fe\u91d1\u9810\u91d1\u306e\u6271\u3044\u3067\u3059\u3002\u5f79\u54e1\u501f\u5165\u3092\u8ca0\u50b5\u306b\u542b\u3081\u308b\u304b\u3001\u73fe\u91d1\u3092\u3069\u3053\u307e\u3067\u4f59\u5270\u3068\u307f\u306a\u3059\u304b\u3002\u3053\u306e\u7dda\u5f15\u304d\u3067\u682a\u5f0f\u4fa1\u5024\u306f\u52d5\u304d\u307e\u3059\u3002\u5f53\u793e\u306e\u652f\u63f4\u73fe\u5834\u3067\u306f\u3001\u4f1a\u793e\u58f2\u5374\u3092\u610f\u8b58\u3057\u305f\u6bb5\u968e\u3067\u5f79\u54e1\u501f\u5165\u306e\u6574\u7406\u65b9\u91dd\u3092\u65e9\u3081\u306b\u6c7a\u3081\u3066\u304a\u304f\u3088\u3046\u52a9\u8a00\u3057\u307e\u3059\u3002<\/p>\n\n\n\n

                \u4f01\u696d\u4fa1\u5024\u306e\u8a55\u4fa1\u65b9\u6cd5\u3068\u4e2d\u5c0f\u4f01\u696d\u3067\u306e\u5b9f\u52d9<\/h2>\n\n\n\n

                \u4f01\u696d\u4fa1\u5024\u3084\u4e8b\u696d\u4fa1\u5024\u3092\u7b97\u5b9a\u3059\u308b\u624b\u6cd5\u306f\u3001\u5927\u304d\u304f3\u3064\u306e\u30a2\u30d7\u30ed\u30fc\u30c1\u306b\u5206\u304b\u308c\u307e\u3059\u3002\u4e2d\u5c0f\u4f01\u696d\u5e81\u306e\u4e2d\u5c0fM&A\u30ac\u30a4\u30c9\u30e9\u30a4\u30f3\uff08\u7b2c3\u7248\uff09<\/mark><\/a>\u3067\u3082\u3001\u30d0\u30ea\u30e5\u30a8\u30fc\u30b7\u30e7\u30f3\u306b\u306f\u552f\u4e00\u306e\u6b63\u89e3\u306f\u306a\u304f\u3001\u6700\u7d42\u7684\u306a\u8b72\u6e21\u984d\u306f\u5f53\u4e8b\u8005\u9593\u306e\u4ea4\u6e09\u3067\u5408\u610f\u3057\u305f\u91d1\u984d\u306b\u306a\u308b\u3068\u6574\u7406\u3055\u308c\u3066\u3044\u307e\u3059\u3002\u624b\u6cd5\u306f\u3042\u304f\u307e\u3067\u4ea4\u6e09\u306e\u51fa\u767a\u70b9\u3060\u3068\u6349\u3048\u308b\u306e\u304c\u5b9f\u52d9\u7684\u3067\u3059\u3002<\/p>\n\n\n\n

                \u30b3\u30b9\u30c8\u30a2\u30d7\u30ed\u30fc\u30c1<\/h3>\n\n\n\n

                \u6c7a\u7b97\u66f8\u306e\u7d14\u8cc7\u7523\u306b\u7740\u76ee\u3059\u308b\u65b9\u6cd5\u3067\u3059\u3002\u7c3f\u4fa1\u7d14\u8cc7\u7523\u6cd5\u3084\u6642\u4fa1\u7d14\u8cc7\u7523\u6cd5\u304c\u3042\u308a\u3001\u7b97\u5b9a\u6839\u62e0\u304c\u5ba2\u89b3\u7684\u3067\u5206\u304b\u308a\u3084\u3059\u3044\u53cd\u9762\u3001\u5c06\u6765\u306e\u53ce\u76ca\u529b\u3084\u30b7\u30ca\u30b8\u30fc\u3092\u53cd\u6620\u3057\u306b\u304f\u3044\u5f31\u70b9\u304c\u3042\u308a\u307e\u3059\u3002\u8ca1\u52d9\u57fa\u76e4\u304c\u5b89\u5b9a\u3057\u305f\u4f1a\u793e\u306e\u4e0b\u5024\u3092\u78ba\u8a8d\u3059\u308b\u306e\u306b\u5411\u304d\u307e\u3059\u3002\u8003\u3048\u65b9\u306f\u6642\u4fa1\u7d14\u8cc7\u7523\u6cd5\u3092\u4e2d\u5fc3\u3068\u3057\u305f\u30b3\u30b9\u30c8\u30a2\u30d7\u30ed\u30fc\u30c1<\/mark><\/a>\u3067\u8a73\u3057\u304f\u89e3\u8aac\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n

                \u30de\u30fc\u30b1\u30c3\u30c8\u30a2\u30d7\u30ed\u30fc\u30c1<\/h3>\n\n\n\n

                \u985e\u4f3c\u3059\u308b\u4e0a\u5834\u4f01\u696d\u3084\u904e\u53bb\u306e\u53d6\u5f15\u4e8b\u4f8b\u3068\u6bd4\u8f03\u3059\u308b\u65b9\u6cd5\u3067\u3001\u985e\u4f3c\u4f1a\u793e\u6bd4\u8f03\u6cd5\u304c\u4ee3\u8868\u683c\u3067\u3059\u3002\u5e02\u5834\u76f8\u5834\u3092\u6620\u3057\u305f\u5ba2\u89b3\u6027\u304c\u5f37\u307f\u3067\u3059\u304c\u3001\u9069\u5207\u306a\u6bd4\u8f03\u5bfe\u8c61\u304c\u898b\u3064\u304b\u3089\u306a\u3044\u3068\u4f7f\u3044\u306b\u304f\u3044\u3002\u4e2d\u5c0f\u4f01\u696d\u3067\u306fEV\/EBITDA\u500d\u7387\u306e\u76ee\u5b89<\/mark><\/a>\u3084\u3001\u985e\u4f3c\u4f1a\u793e\u6bd4\u8f03\u6cd5\u306b\u3088\u308b\u30de\u30eb\u30c1\u30d7\u30eb<\/mark><\/a>\u304c\u4ea4\u6e09\u306e\u53c2\u8003\u5024\u3068\u3057\u3066\u3088\u304f\u767b\u5834\u3057\u307e\u3059\u3002<\/p>\n\n\n\n

                \u30a4\u30f3\u30ab\u30e0\u30a2\u30d7\u30ed\u30fc\u30c1<\/h3>\n\n\n\n

                \u5c06\u6765\u306e\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u3092\u73fe\u5728\u4fa1\u5024\u306b\u5272\u308a\u5f15\u304f\u30a2\u30d7\u30ed\u30fc\u30c1\u3067\u3001DCF\u6cd5\u304c\u4ee3\u8868\u7684\u3067\u3059\u3002\u5c06\u6765\u6027\u3084\u30b7\u30ca\u30b8\u30fc\u3092\u7e54\u308a\u8fbc\u3081\u308b\u4e00\u65b9\u3001\u4e8b\u696d\u8a08\u753b\u306b\u4f9d\u5b58\u3059\u308b\u305f\u3081\u4e3b\u89b3\u304c\u5165\u308a\u3084\u3059\u3044\u70b9\u306b\u6ce8\u610f\u304c\u8981\u308a\u307e\u3059\u3002\u8a73\u7d30\u306fDCF\u6cd5\u3092\u542b\u3080\u30a4\u30f3\u30ab\u30e0\u30a2\u30d7\u30ed\u30fc\u30c1<\/mark><\/a>\u3092\u53c2\u7167\u304f\u3060\u3055\u3044\u3002<\/p>\n\n\n\n

                \u300c\u7d14\u8cc7\u7523\uff0b\u55b6\u696d\u5229\u76ca\u306e3\u301c5\u5e74\u5206\u300d\u3068\u3044\u3046\u76ee\u5b89\u306e\u6b63\u4f53<\/h4>\n\n\n\n

                \u30cd\u30c3\u30c8\u4e0a\u3067\u306f\u3001\u4f1a\u793e\u58f2\u5374\u306e\u76f8\u5834\u3068\u3057\u3066\u300c\u7d14\u8cc7\u7523\u984d\uff0b\u55b6\u696d\u5229\u76ca\u306e3\u301c5\u5e74\u5206\u300d\u3068\u3044\u3046\u5f0f\u3092\u3088\u304f\u898b\u304b\u3051\u307e\u3059\u3002\u3053\u308c\u306f\u516c\u7684\u306b\u5b9a\u3081\u3089\u308c\u305f\u76f8\u5834\u3067\u306f\u306a\u304f\u3001\u30b3\u30b9\u30c8\u30a2\u30d7\u30ed\u30fc\u30c1\u306b\u5c06\u6765\u53ce\u76ca\u3092\u7c21\u4fbf\u306b\u4e0a\u4e57\u305b\u3057\u305f\u5e74\u8cb7\u6cd5\u3068\u3044\u3046\u5b9f\u52d9\u4e0a\u306e\u76ee\u5b89<\/mark><\/a>\u3067\u3059\u3002\u3042\u304f\u307e\u3067\u521d\u671f\u306e\u3042\u305f\u308a\u3092\u4ed8\u3051\u308b\u9053\u5177\u3067\u3042\u308a\u3001\u696d\u7a2e\u3084\u6210\u9577\u6027\u3067\u8a55\u4fa1\u984d\u306f\u5927\u304d\u304f\u632f\u308c\u307e\u3059\u3002\u5b9f\u969b\u306e\u7740\u5730\u30a4\u30e1\u30fc\u30b8\u306f\u7d14\u8cc7\u7523\u4fa1\u5024\u3088\u308a\u9ad8\u304f\u58f2\u308c\u305f\u4f1a\u793e\u58f2\u5374\u306e\u76f8\u5834<\/mark><\/a>\u304c\u53c2\u8003\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n

                \u4f1a\u793e\u58f2\u5374\u3067\u4f01\u696d\u4fa1\u5024\u3092\u9ad8\u3081\u308b\u305f\u3081\u306e\u6e96\u5099<\/h2>\n\n\n\n

                \u540c\u3058\u4f1a\u793e\u3067\u3082\u3001\u6e96\u5099\u306e\u6709\u7121\u3067\u8a55\u4fa1\u306f\u5909\u308f\u308a\u307e\u3059\u3002\u76f8\u5834\u4ee5\u4e0a\u306e\u4fa1\u984d\u3092\u5f15\u304d\u51fa\u3059\u306b\u306f\u3001\u4e8b\u524d\u306e\u78e8\u304d\u8fbc\u307f\u3068\u5f37\u307f\u306e\u8a00\u8a9e\u5316\u304c\u52b9\u304d\u307e\u3059\u3002<\/p>\n\n\n\n

                \u7d14\u8cc7\u7523\u3092\u539a\u304f\u3057\u3001\u7d14\u6709\u5229\u5b50\u8ca0\u50b5\u3092\u5727\u7e2e\u3059\u308b<\/h3>\n\n\n\n

                \u8cc7\u7523\u306e\u6574\u7406\u3084\u501f\u5165\u306e\u8fd4\u6e08\u3092\u9032\u3081\u3001\u7d14\u8cc7\u7523\u3092\u539a\u304f\u3057\u3066\u304a\u304f\u3068\u682a\u5f0f\u4fa1\u5024\u304c\u62bc\u3057\u4e0a\u304c\u308a\u307e\u3059\u3002\u524d\u8ff0\u306e\u3068\u304a\u308a\u3001\u7d14\u6709\u5229\u5b50\u8ca0\u50b5\u304c\u5c0f\u3055\u3044\u307b\u3069\u8b72\u6e21\u30aa\u30fc\u30ca\u30fc\u306e\u53d6\u308a\u5206\u306f\u5897\u3048\u308b\u305f\u3081\u3067\u3059\u3002\u904a\u4f11\u8cc7\u7523\u306e\u51e6\u5206\u306f\u6295\u8cc7\u52b9\u7387\u306e\u6539\u5584\u306b\u3082\u3064\u306a\u304c\u308a\u307e\u3059\u3002<\/p>\n\n\n\n

                \u6c7a\u7b97\u66f8\u306b\u8868\u308c\u306a\u3044\u5f37\u307f\u3092\u53ef\u8996\u5316\u3059\u308b<\/h3>\n\n\n\n

                \u7279\u8a31\u3084\u72ec\u81ea\u30ce\u30a6\u30cf\u30a6\u3001\u512a\u79c0\u306a\u4eba\u6750\u3001\u5f37\u56fa\u306a\u9867\u5ba2\u57fa\u76e4\u3002\u3053\u3046\u3057\u305f\u7121\u5f62\u8cc7\u7523\u306f\u6c7a\u7b97\u66f8\u306b\u8f09\u308a\u307e\u305b\u3093\u304c\u3001\u8b72\u53d7\u4f01\u696d\u306b\u3068\u3063\u3066\u306f\u4fa1\u5024\u306e\u6e90\u6cc9\u3067\u3059\u3002\u5f53\u793e\u304c\u95a2\u308f\u3063\u305f\u6848\u4ef6\u3067\u306f\u3001\u5c5e\u4eba\u5316\u3057\u3066\u3044\u305f\u8077\u4eba\u306e\u6280\u8853\u3092\u4f5c\u696d\u624b\u9806\u66f8\u3068\u30ed\u30c3\u30c8\u5225\u306e\u6b69\u7559\u307e\u308a\u30c7\u30fc\u30bf\u306b\u843d\u3068\u3057\u8fbc\u3093\u3060\u3060\u3051\u3067\u3001\u8b72\u53d7\u4f01\u696d\u5074\u306e\u8a55\u4fa1\u304c\u4e00\u6bb5\u4e0a\u304c\u3063\u305f\u4f8b\u304c\u3042\u308a\u307e\u3057\u305f\u3002\u8a9e\u308c\u308b\u5f37\u307f\u306f\u3001\u6570\u5b57\u3084\u4ed5\u7d44\u307f\u306b\u7ffb\u8a33\u3057\u3066\u304a\u304f\u3002\u3053\u308c\u304c\u78e8\u304d\u8fbc\u307f\u306e\u809d\u3067\u3059\u3002\u4fa1\u5024\u3092\u751f\u3080\u8981\u7d20\u306e\u6574\u7406\u306f\u30d0\u30ea\u30e5\u30fc\u30c9\u30e9\u30a4\u30d0\u30fc\u306e\u8003\u3048\u65b9<\/mark><\/a>\u304c\u5f79\u7acb\u3061\u307e\u3059\u3002<\/p>\n\n\n\n

                \u58f2\u308a\u6642\u3092\u9003\u3055\u306a\u3044<\/h3>\n\n\n\n

                \u5e02\u5834\u304c\u4f38\u3073\u3066\u3044\u308b\u6642\u671f\u3084\u3001\u696d\u7e3e\u304c\u53f3\u80a9\u4e0a\u304c\u308a\u306e\u5c40\u9762\u306f\u8a55\u4fa1\u304c\u4e57\u308a\u3084\u3059\u3044\u3002\u9006\u306b\u3001\u696d\u7e3e\u304c\u843d\u3061\u59cb\u3081\u3066\u304b\u3089\u3067\u306f\u4ea4\u6e09\u529b\u304c\u524a\u304c\u308c\u307e\u3059\u3002\u5e0c\u671b\u4fa1\u683c\u306e\u7d44\u307f\u7acb\u3066\u65b9\u306f\u4f1a\u793e\u58f2\u5374\u306e\u5e0c\u671b\u4fa1\u683c\u306e\u6c7a\u3081\u65b9<\/mark><\/a>\u3067\u5177\u4f53\u5316\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n

                \u4f01\u696d\u4fa1\u5024\u8a55\u4fa1\u3067\u8b72\u6e21\u30aa\u30fc\u30ca\u30fc\u304c\u6ce8\u610f\u3059\u3079\u304d\u70b9<\/h2>\n\n\n\n

                \u8a55\u4fa1\u984d\u306e\u6570\u5b57\u306f\u3001\u898b\u305b\u65b9\u3084\u524d\u63d0\u3067\u52d5\u304d\u307e\u3059\u3002\u8b72\u6e21\u30aa\u30fc\u30ca\u30fc\u3068\u3057\u3066\u62bc\u3055\u3048\u3066\u304a\u304d\u305f\u3044\u8ad6\u70b9\u3092\u6319\u3052\u307e\u3059\u3002<\/p>\n\n\n\n

                \u975e\u6d41\u52d5\u6027\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\u306e\u4e8c\u91cd\u63a7\u9664<\/h3>\n\n\n\n

                \u975e\u4e0a\u5834\u682a\u5f0f\u3092DCF\u6cd5\u3084\u30de\u30eb\u30c1\u30d7\u30eb\u6cd5\u3067\u8a55\u4fa1\u3059\u308b\u969b\u3001\u6d41\u52d5\u6027\u306e\u4f4e\u3055\u3092\u53cd\u6620\u3057\u305f\u975e\u6d41\u52d5\u6027\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8<\/mark><\/a>\u3092\u9069\u7528\u3059\u308b\u306e\u304c\u4e00\u822c\u7684\u3067\u3059\u3002\u305f\u3060\u3057DCF\u6cd5\u3067\u306f\u3001\u5272\u5f15\u7387\u306b\u3059\u3067\u306b\u30ea\u30b9\u30af\u304c\u7e54\u308a\u8fbc\u307e\u308c\u3066\u3044\u308b\u3053\u3068\u304c\u3042\u308a\u3001\u4e8c\u91cd\u306b\u6e1b\u4fa1\u3055\u308c\u3066\u3044\u306a\u3044\u304b\u306e\u78ba\u8a8d\u304c\u8981\u308a\u307e\u3059\u3002<\/p>\n\n\n\n

                \u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\u3067\u4e0d\u78ba\u5b9f\u6027\u3092\u57cb\u3081\u308b<\/h3>\n\n\n\n

                \u5c06\u6765\u306e\u696d\u7e3e\u304c\u8aad\u307f\u306b\u304f\u304f\u4fa1\u5024\u306e\u7b97\u5b9a\u304c\u96e3\u3057\u3044\u5834\u5408\u3001\u30a2\u30fc\u30f3\u30a2\u30a6\u30c8\u6761\u9805<\/mark><\/a>\u3067\u5c06\u6765\u696d\u7e3e\u306b\u5fdc\u3058\u305f\u8ffd\u52a0\u5bfe\u4fa1\u3092\u8a2d\u8a08\u3059\u308b\u624b\u304c\u3042\u308a\u307e\u3059\u3002\u8a55\u4fa1\u306e\u4e0d\u78ba\u5b9f\u6027\u3092\u57cb\u3081\u3001\u53cc\u65b9\u304c\u7d0d\u5f97\u3057\u3084\u3059\u3044\u6761\u4ef6\u306b\u8fd1\u3065\u3051\u3089\u308c\u307e\u3059\u3002<\/p>\n\n\n\n

                \u8a55\u4fa1\u57fa\u6e96\u65e5\u306e\u3068\u308a\u65b9<\/h3>\n\n\n\n

                \u4f01\u696d\u4fa1\u5024\u306f\u6642\u70b9\u3067\u5909\u308f\u308a\u307e\u3059\u3002\u6c7a\u7b97\u671f\u672b\u3084\u56db\u534a\u671f\u672b\u306a\u3069\u8ca1\u52d9\u304c\u56fa\u307e\u308b\u6642\u671f\u3092\u8a55\u4fa1\u57fa\u6e96\u65e5\u306b\u8a2d\u5b9a\u3059\u308b\u30bf\u30a4\u30df\u30f3\u30b0<\/mark><\/a>\u6b21\u7b2c\u3067\u3001\u7b97\u5b9a\u306e\u7cbe\u5ea6\u306f\u5909\u308f\u3063\u3066\u304d\u307e\u3059\u3002<\/p>\n\n\n\n

                \u4f1a\u793e\u306e\u4fa1\u5024\uff08\u58f2\u308a\u624b\u306e\u53d6\u308a\u5206\uff09\u306b\u95a2\u3059\u308bFAQ<\/h2>\n\n\n\n

                \u4f1a\u793e\u58f2\u5374\u3092\u691c\u8a0e\u3059\u308b\u30aa\u30fc\u30ca\u30fc\u7d4c\u55b6\u8005\u304b\u3089\u3001\u73fe\u5834\u3067\u5b9f\u969b\u306b\u591a\u3044\u8cea\u554f\u3092\u307e\u3068\u3081\u307e\u3057\u305f\u3002
                <\/p>\n\n\n\n

                Q\uff1a\u300c\u4f01\u696d\u4fa1\u5024\u25cb\u5104\u5186\u300d\u3068\u8a00\u308f\u308c\u305f\u3089\u3001\u305d\u306e\u91d1\u984d\u304c\u305d\u306e\u307e\u307e\u624b\u5143\u306b\u5165\u308b\u306e\u3067\u3059\u304b<\/strong>\uff1f<\/strong><\/strong><\/span><\/strong><\/strong>

                \u5165\u308a\u307e\u305b\u3093\u3002\u624b\u5143\u306b\u6b8b\u308b\u306e\u306f\u3001\u4f01\u696d\u4fa1\u5024\u304b\u3089\u7d14\u6709\u5229\u5b50\u8ca0\u50b5\u3092\u5f15\u3044\u305f\u682a\u5f0f\u4fa1\u5024\u304c\u57fa\u6e96\u3067\u3059\u3002\u73fe\u5834\u3067\u306f\u307e\u305a\u3001\u63d0\u793a\u984d\u304c\u3069\u306e\u4fa1\u5024\u3092\u6307\u3057\u3066\u3044\u308b\u306e\u304b\u3092\u78ba\u8a8d\u3057\u307e\u3059\u3002<\/p> <\/div>

                Q\uff1a\u501f\u5165\u91d1\u304c\u591a\u3044\u3068\u3001\u58f2\u5374\u3067\u53d7\u3051\u53d6\u308b\u91d1\u984d\u306f\u4e0b\u304c\u308a\u307e\u3059\u304b<\/strong>\uff1f<\/strong><\/strong><\/span><\/strong><\/strong>

                \u539f\u5247\u3068\u3057\u3066\u3001\u7d14\u6709\u5229\u5b50\u8ca0\u50b5\u306e\u5206\u3060\u3051\u682a\u5f0f\u4fa1\u5024\u306f\u4e0b\u304c\u308a\u307e\u3059\u3002\u305f\u3060\u3057\u624b\u5143\u306e\u73fe\u91d1\u3092\u76f8\u6bba\u3067\u304d\u308b\u305f\u3081\u3001\u501f\u5165\u306e\u984d\u9762\u3060\u3051\u3067\u306f\u5224\u65ad\u3067\u304d\u307e\u305b\u3093\u3002\u8fd4\u6e08\u4e88\u5b9a\u3084\u73fe\u91d1\u6b8b\u9ad8\u3068\u306e\u517c\u306d\u5408\u3044\u3067\u5909\u308f\u308a\u307e\u3059\u3002<\/p> <\/div>

                Q\uff1a\u793e\u9577\u500b\u4eba\u304b\u3089\u306e\u5f79\u54e1\u501f\u5165\u91d1\u3082\u3001\u8ca0\u50b5\u3068\u3057\u3066\u5dee\u3057\u5f15\u304b\u308c\u307e\u3059\u304b<\/strong>\uff1f<\/strong><\/strong><\/span><\/strong><\/strong>

                \u5951\u7d04\u306e\u7d44\u307f\u65b9\u3068\u5f53\u4e8b\u8005\u306e\u5408\u610f\u6b21\u7b2c\u3067\u3059\u3002\u8cc7\u672c\u306b\u632f\u308a\u66ff\u3048\u3066\u304b\u3089\u58f2\u5374\u3059\u308b\u304b\u3001\u8ca0\u50b5\u3068\u3057\u3066\u6271\u3046\u304b\u3067\u53d6\u308a\u5206\u304c\u52d5\u304f\u305f\u3081\u3001\u65e9\u3081\u306b\u65b9\u91dd\u3092\u56fa\u3081\u3066\u304a\u304f\u306e\u304c\u5b89\u5168\u3067\u3059\u3002<\/p> <\/div>

                Q\uff1a\u8cb7\u3044\u624b\u304b\u3089\u63d0\u793a\u3055\u308c\u305f\u4fa1\u5024\u304c\u3001\u4e8b\u696d\u4fa1\u5024\u306a\u306e\u304b\u682a\u5f0f\u4fa1\u5024\u306a\u306e\u304b\u5206\u304b\u308a\u307e\u305b\u3093<\/strong><\/strong><\/strong><\/span><\/strong>\u3002<\/strong>

                \u610f\u5411\u8868\u660e\u306e\u6bb5\u968e\u3067\u5fc5\u305a\u78ba\u8a8d\u3057\u3066\u304f\u3060\u3055\u3044\u3002\u540c\u3058\u300c\u4fa1\u5024\u300d\u3068\u3044\u3046\u8a00\u8449\u3067\u3082\u3001\u4e8b\u696d\u4fa1\u5024\u30fb\u4f01\u696d\u4fa1\u5024\u30fb\u682a\u5f0f\u4fa1\u5024\u306e\u3069\u308c\u304b\u3067\u53d7\u53d6\u984d\u306f\u5927\u304d\u304f\u5909\u308f\u308a\u307e\u3059\u3002\u66d6\u6627\u306a\u307e\u307e\u9032\u3081\u308b\u306e\u304c\u4e00\u756a\u5371\u967a\u3067\u3059\u3002<\/p> <\/div>

                Q\uff1a\u975e\u4e0a\u5834\u306e\u4e2d\u5c0f\u4f01\u696d\u3067\u3082\u3001\u6642\u4fa1\u7dcf\u984d\u306e\u3088\u3046\u306a\u8003\u3048\u65b9\u306f\u4f7f\u3048\u307e\u3059\u304b<\/strong><\/strong>\uff1f<\/strong><\/strong><\/span><\/strong><\/strong>

                \u8003\u3048\u65b9\u306f\u4f7f\u3048\u307e\u3059\u304c\u3001\u5e02\u5834\u4fa1\u683c\u304c\u306a\u3044\u305f\u3081\u7279\u6709\u306e\u8a55\u4fa1\u624b\u6cd5\u3067\u7b97\u5b9a\u3057\u307e\u3059\u3002\u8907\u6570\u306e\u30a2\u30d7\u30ed\u30fc\u30c1\u3092\u7d44\u307f\u5408\u308f\u305b\u3001\u4ea4\u6e09\u3067\u30ec\u30f3\u30b8\u3092\u8a70\u3081\u3066\u3044\u304f\u306e\u304c\u5b9f\u52d9\u306e\u9032\u3081\u65b9\u3067\u3059\u3002<\/p> <\/div> <\/div>\n\n\n\n

                \n
                \n
                \"\"<\/a><\/figure>\n<\/div>\n\n\n\n
                \n
                \"\"<\/a><\/figure>\n<\/div>\n<\/div>\n\n\n\n

                \u4f1a\u793e\u58f2\u5374\u306e\u4f01\u696d\u4fa1\u5024\u306e\u307e\u3068\u3081<\/h2>\n\n\n\n

                \u4f01\u696d\u4fa1\u5024\u30fb\u4e8b\u696d\u4fa1\u5024\u30fb\u682a\u5f0f\u4fa1\u5024\u306f\u5165\u308c\u5b50\u306e\u95a2\u4fc2\u306b\u3042\u308a\u3001\u8b72\u6e21\u30aa\u30fc\u30ca\u30fc\u304c\u5b9f\u969b\u306b\u624b\u306b\u3059\u308b\u306e\u306f\u4f01\u696d\u4fa1\u5024\u304b\u3089\u7d14\u6709\u5229\u5b50\u8ca0\u50b5\u3092\u5f15\u3044\u305f\u682a\u5f0f\u4fa1\u5024\u3067\u3059\u3002\u8a55\u4fa1\u624b\u6cd5\u306f\u51fa\u767a\u70b9\u306b\u3059\u304e\u305a\u3001\u6700\u7d42\u7684\u306a\u8b72\u6e21\u4fa1\u984d\u306f\u4ea4\u6e09\u3067\u6c7a\u307e\u308a\u307e\u3059\u3002\u300c\u3044\u304f\u3089\u3067\u58f2\u308c\u308b\u306e\u304b\u300d\u3068\u3044\u3046\u4e0d\u5b89\u306f\u3001\u4fa1\u5024\u306e\u69cb\u9020\u3092\u77e5\u308b\u307b\u3069\u6574\u7406\u3055\u308c\u3066\u3044\u304d\u307e\u3059\u3002<\/p>\n\n\n\n

                \u307f\u3064\u304d\u30b3\u30f3\u30b5\u30eb\u30c6\u30a3\u30f3\u30b0\u306f\u3001\u7a0e\u7406\u58eb\u6cd5\u4eba\u30b0\u30eb\u30fc\u30d7\u306eM&A\u4ef2\u4ecb\u4f1a\u793e\u3068\u3057\u3066\u4e2d\u5c0f\u4f01\u696d\u306e\u4f1a\u793e\u58f2\u5374\u30fb\u4e8b\u696d\u627f\u7d99\u3092\u6570\u591a\u304f\u652f\u63f4\u3057\u3066\u304d\u307e\u3057\u305f\u3002\u4f01\u696d\u4fa1\u5024\u8a55\u4fa1\u304b\u3089\u7a0e\u52d9\u30fb\u6cd5\u52d9\u307e\u3067\u4e00\u8cab\u3057\u3066\u4f34\u8d70\u3067\u304d\u308b\u306e\u304c\u5f37\u307f\u3067\u3059\u3002\u8b72\u6e21\u4fa1\u984d\u306e\u898b\u7acb\u3066\u3084\u9032\u3081\u65b9\u306b\u8ff7\u3046\u6bb5\u968e\u3067\u3082\u3001\u672c\u683c\u691c\u8a0e\u306e\u524d\u306b\u304a\u6c17\u8efd\u306b\u3054\u76f8\u8ac7\u304f\u3060\u3055\u3044\u3002<\/p>\n\n\n\n

                \u5b8c\u5168\u6210\u529f\u5831\u916c\u306eM&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

                \n
                \n
                \u3054\u8b72\u6e21\u3092\u691c\u8a0e\u3055\u308c\u308b\u65b9<\/div>\n \u4eca\u3059\u3050\u7121\u6599\u76f8\u8ac7\u3059\u308b<\/a>\n <\/div>\n
                \n
                \n
                M&A\u306e\u91cd\u8981\u30dd\u30a4\u30f3\u30c8\u8cc7\u6599<\/div>\n \u7121\u6599\u3067\u30c0\u30a6\u30f3\u30ed\u30fc\u30c9\u3059\u308b<\/a>\n <\/div>\n <\/div>\n<\/div>","protected":false},"author":7,"featured_media":3028,"template":"","meta":{"cybocfi_hide_featured_image":"yes"},"class_list":["post-3027","column","type-column","status-publish","has-post-thumbnail","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/mitsukijapan.com\/ma\/wp-json\/wp\/v2\/column\/3027","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\/7"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mitsukijapan.com\/ma\/wp-json\/wp\/v2\/media\/3028"}],"wp:attachment":[{"href":"https:\/\/mitsukijapan.com\/ma\/wp-json\/wp\/v2\/media?parent=3027"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}