{"id":6140,"date":"2025-12-28T11:40:43","date_gmt":"2025-12-28T02:40:43","guid":{"rendered":"https:\/\/mitsukijapan.com\/ma\/?post_type=column&#038;p=6140"},"modified":"2025-12-28T11:40:44","modified_gmt":"2025-12-28T02:40:44","slug":"financial-dd-profit-analysis","status":"publish","type":"column","link":"https:\/\/mitsukijapan.com\/ma\/column\/financial-dd-profit-analysis\/","title":{"rendered":"\u8ca1\u52d9DD\u3067\u306e\u53ce\u76ca\u6027\u5206\u6790\u3068\u306f\uff1f\u6b63\u5e38\u53ce\u76ca\u529b\u3092\u898b\u6975\u3081\u308b\u65b9\u6cd5\u3068\u6ce8\u610f\u70b9"},"content":{"rendered":"\n<p>M&amp;A\u306b\u304a\u3051\u308b\u8ca1\u52d9\u30c7\u30e5\u30fc\u30c7\u30ea\u30b8\u30a7\u30f3\u30b9\u3067\u306f\u3001\u5bfe\u8c61\u4f01\u696d\u306e\u53ce\u76ca\u6027\u3092\u5206\u6790\u3059\u308b\u3053\u3068\u304c\u3001\u8b72\u53d7\u4f01\u696d\u304c\u305d\u306e\u4e8b\u696d\u306e\u672c\u8cea\u7684\u306a\u4fa1\u5024\u3092\u628a\u63e1\u3057\u3001\u9069\u5207\u306a\u610f\u601d\u6c7a\u5b9a\u3092\u884c\u3046\u305f\u3081\u306e\u91cd\u8981\u306a\u30b9\u30c6\u30c3\u30d7\u3068\u306a\u308a\u307e\u3059\u3002\u53ce\u76ca\u6027\u5206\u6790\u3067\u306f\u3001\u4e00\u6642\u7684\u306a\u640d\u76ca\u3084\u7279\u7570\u306a\u8981\u56e0\u3092\u6392\u9664\u3057\u3001\u4f01\u696d\u306e\u901a\u5e38\u306e\u53ce\u76ca\u529b\u3092\u6b63\u5e38\u53ce\u76ca\u529b\u300d\u3068\u3057\u3066\u660e\u78ba\u306b\u3059\u308b\u3053\u3068\u304c\u4e2d\u5fc3\u3068\u306a\u308a\u307e\u3059\u3002 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src=\"https:\/\/mitsukijapan.com\/ma\/wp-content\/uploads\/Frame-19-2.jpg\" alt=\"\" class=\"wp-image-4082\"\/><\/a><\/figure>\n<\/div>\n<\/div>\n\n\n<div class=\"ark-block-toc\" data-target=\"h3\">\n\t\t<div class=\"ark-block-toc__title\">\u76ee\u6b21<\/div>\n\t\t<ol class=\"ark-block-toc__list\" data-level=\"2\"><li><a href=\"#arkb-toc-0\" class=\"ark-block-toc__link\">\u8ca1\u52d9\u30c7\u30e5\u30fc\u30c7\u30ea\u30b8\u30a7\u30f3\u30b9\u306b\u304a\u3051\u308b\u53ce\u76ca\u6027\u5206\u6790\u306e\u91cd\u8981\u6027<\/a><ol class=\"ark-block-toc__list\" data-level=\"3\"><li><a href=\"#arkb-toc-1\" class=\"ark-block-toc__link\">M&amp;A\u306b\u304a\u3051\u308b\u8ca1\u52d9\u30c7\u30e5\u30fc\u30c7\u30ea\u30b8\u30a7\u30f3\u30b9\u306e\u76ee\u7684<\/a><\/li><li><a href=\"#arkb-toc-2\" class=\"ark-block-toc__link\">\u53ce\u76ca\u6027\u5206\u6790\u306e\u6982\u8981<\/a><\/li><\/ol><\/li><li><a href=\"#arkb-toc-3\" class=\"ark-block-toc__link\">\u6b63\u5e38\u53ce\u76ca\u529b\u3068EBITDA\uff08\u511f\u5374\u524d\u55b6\u696d\u5229\u76ca\uff09\u306e\u898b\u6975\u3081\u65b9<\/a><ol class=\"ark-block-toc__list\" data-level=\"3\"><li><a href=\"#arkb-toc-4\" class=\"ark-block-toc__link\">\u6b63\u5e38\u53ce\u76ca\u529b\u306e\u6982\u5ff5\u3068M&amp;A\u306b\u304a\u3051\u308b\u91cd\u8981\u6027<\/a><\/li><li><a href=\"#arkb-toc-5\" class=\"ark-block-toc__link\">EBITDA\uff08\u511f\u5374\u524d\u55b6\u696d\u5229\u76ca\uff09\u306e\u7b97\u5b9a\u65b9\u6cd5\u3068\u8abf\u6574\u9805\u76ee<\/a><\/li><\/ol><\/li><li><a href=\"#arkb-toc-6\" class=\"ark-block-toc__link\">\u58f2\u4e0a\u9ad8\u3068\u30b3\u30b9\u30c8\u69cb\u9020\u306e\u6df1\u6398\u308a\u5206\u6790<\/a><ol class=\"ark-block-toc__list\" data-level=\"3\"><li><a href=\"#arkb-toc-7\" class=\"ark-block-toc__link\">\u58f2\u4e0a\u9ad8\u306e\u5206\u6790\uff1a\u9867\u5ba2\u30fb\u88fd\u54c1\u30fb\u5730\u57df\u304b\u3089\u306e\u8996\u70b9<\/a><\/li><li><a href=\"#arkb-toc-8\" class=\"ark-block-toc__link\">\u539f\u4fa1\u69cb\u9020\u30fb\u8ca9\u58f2\u8cbb\u53ca\u3073\u4e00\u822c\u7ba1\u7406\u8cbb\uff08\u8ca9\u7ba1\u8cbb\uff09\u306e\u5206\u6790<\/a><\/li><\/ol><\/li><li><a href=\"#arkb-toc-9\" class=\"ark-block-toc__link\">\u4e8b\u696d\u30bb\u30b0\u30e1\u30f3\u30c8\u5225\u30fb\u4f1a\u8a08\u65b9\u91dd\u306e\u8a55\u4fa1<\/a><ol class=\"ark-block-toc__list\" data-level=\"3\"><li><a href=\"#arkb-toc-10\" class=\"ark-block-toc__link\">\u4e8b\u696d\u30bb\u30b0\u30e1\u30f3\u30c8\u5225\u30fb\u88fd\u54c1\u30b5\u30fc\u30d3\u30b9\u5225\u306e\u53ce\u76ca\u6027\u5206\u6790\u3068\u8a55\u4fa1<\/a><\/li><li><a href=\"#arkb-toc-11\" class=\"ark-block-toc__link\">\u4f1a\u8a08\u65b9\u91dd\u306e\u78ba\u8a8d\u3068\u4ed6\u793e\u6bd4\u8f03\u306b\u304a\u3051\u308b\u7559\u610f\u70b9<\/a><\/li><li><a href=\"#arkb-toc-12\" class=\"ark-block-toc__link\">M&#038;A\u306b\u6f5c\u3080\u8ca1\u52d9\u30ea\u30b9\u30af\u3001\u898b\u9003\u3057\u3066\u3044\u307e\u305b\u3093\u304b\uff1f<\/a><\/li><\/ol><\/li><li><a href=\"#arkb-toc-13\" class=\"ark-block-toc__link\">\u3088\u304f\u3042\u308b\u8cea\u554f\uff5c\u8ca1\u52d9\u30c7\u30e5\u30fc\u30c7\u30ea\u30b8\u30a7\u30f3\u30b9\u3068\u53ce\u76ca\u6027\u5206\u6790\uff08FAQ\uff09<\/a><\/li><li><a href=\"#arkb-toc-14\" class=\"ark-block-toc__link\">\u8ca1\u52d9\u30c7\u30e5\u30fc\u30c7\u30ea\u30b8\u30a7\u30f3\u30b9\u3068\u53ce\u76ca\u6027\u5206\u6790\uff08\u6b63\u5e38\u53ce\u76ca\u529b\uff09\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>\u8ca1\u52d9\u30c7\u30e5\u30fc\u30c7\u30ea\u30b8\u30a7\u30f3\u30b9\u306b\u304a\u3051\u308b\u53ce\u76ca\u6027\u5206\u6790\u306e\u91cd\u8981\u6027<\/strong><\/h2>\n\n\n\n<p>\u8ca1\u52d9\u30c7\u30e5\u30fc\u30c7\u30ea\u30b8\u30a7\u30f3\u30b9\u306b\u304a\u3051\u308b\u53ce\u76ca\u6027\u5206\u6790\u3068\u306f\u3001\u5bfe\u8c61\u4f01\u696d\u306e\u5c06\u6765\u8a08\u753b\u3092\u7cbe\u7dfb\u5316\u3057\u3001\u305d\u306e\u771f\u306e\u4e8b\u696d\u4fa1\u5024\u3092\u8a55\u4fa1\u3059\u308b\u305f\u3081\u306b\u3001\u4f01\u696d\u306e\u7d4c\u5e38\u7684\u306a\u53ce\u76ca\u529b\u3092\u6df1\u304f\u7406\u89e3\u3059\u308b\u624b\u7d9a\u3067\u3059\u3002\u3053\u306e\u5206\u6790\u3092\u901a\u3057\u3066\u3001\u5bfe\u8c61\u4f01\u696d\u306e\u96a0\u308c\u305f\u30ea\u30b9\u30af\u3084\u6f5c\u5728\u7684\u306a\u4fa1\u5024\u3092\u6d17\u3044\u51fa\u3057\u3001\u8b72\u53d7\u4f01\u696d\u304c\u9069\u5207\u306a\u8b72\u53d7\u4fa1\u683c\u3092\u7b97\u5b9a\u3057\u3001\u8b72\u53d7\u5f8c\u306e\u4e8b\u696d\u6226\u7565\u3092\u7acb\u6848\u3059\u308b\u305f\u3081\u306e\u91cd\u8981\u306a\u60c5\u5831\u3092\u63d0\u4f9b\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u8b72\u53d7\u4f01\u696d\u306b\u3068\u3063\u3066\u3001M&amp;A\u306f\u5358\u306a\u308b\u901a\u904e\u70b9\u3067\u306f\u306a\u304f\u3001\u4f01\u696d\u4fa1\u5024\u5411\u4e0a\u306b\u5411\u3051\u305f\u65b0\u305f\u306a\u30b9\u30bf\u30fc\u30c8\u5730\u70b9\u3067\u3059\u3002\u305d\u306e\u305f\u3081\u3001\u8b72\u53d7\u5224\u65ad\u306e\u6839\u62e0\u3068\u306a\u308b\u4e8b\u696d\u8a08\u753b\u306e\u59a5\u5f53\u6027\u3092\u8a73\u7d30\u306b\u691c\u8a3c\u3057\u3001\u7279\u306b\u53ce\u76ca\u6027\u306e\u5074\u9762\u304b\u3089\u3001\u5bfe\u8c61\u4f01\u696d\u306e\u5c06\u6765\u6027\u3092\u6b63\u78ba\u306b\u8a55\u4fa1\u3059\u308b\u3053\u3068\u304c\u4e0d\u53ef\u6b20\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"has-arkb-anchor-color has-text-color has-link-color wp-elements-27b00f4329233ba56ef10524eed170fe\">\u25b7\u95a2\u9023\uff1a<a href=\"https:\/\/mitsukijapan.com\/ma\/column\/financial-dd-purpose\/\">\u8ca1\u52d9\u30c7\u30e5\u30fc\u30c7\u30ea\u30b8\u30a7\u30f3\u30b9\u3068\u306f\uff1fM&amp;A\u3067\u306e\u76ee\u7684\u30fb\u624b\u9806\u30fb\u8abf\u67fb\u9805\u76ee\u30fb\u8cbb\u7528<\/a><\/p>\n\n\n\n<h3 id=\"arkb-toc-1\" class=\"wp-block-heading\"><strong>M&amp;A\u306b\u304a\u3051\u308b\u8ca1\u52d9\u30c7\u30e5\u30fc\u30c7\u30ea\u30b8\u30a7\u30f3\u30b9\u306e\u76ee\u7684<\/strong><\/h3>\n\n\n\n<p>\u8ca1\u52d9\u30c7\u30e5\u30fc\u30c7\u30ea\u30b8\u30a7\u30f3\u30b9\uff08DD\uff09\u306f\u3001\u8b72\u53d7\u3092\u691c\u8a0e\u3057\u3066\u3044\u308b\u5bfe\u8c61\u4f01\u696d\u306e\u8ca1\u52d9\u72b6\u6cc1\u3092\u8a73\u7d30\u306b\u8abf\u67fb\u3057\u3001\u305d\u306e\u5b9f\u614b\u3092\u628a\u63e1\u3059\u308b\u3053\u3068\u3092\u76ee\u7684\u3068\u3057\u3066\u3044\u307e\u3059\u3002\u8ca1\u52d9DD\u306f\u3001\u8b72\u53d7\u4f01\u696d\u304c\u5bfe\u8c61\u4f01\u696d\u306e\u6f5c\u5728\u7684\u306a\u30ea\u30b9\u30af\u3092\u7279\u5b9a\u3057\u3001\u305d\u306e\u30ea\u30b9\u30af\u3092\u8b72\u53d7\u4fa1\u683c\u3084\u5951\u7d04\u6761\u4ef6\u306b\u9069\u5207\u306b\u53cd\u6620\u3055\u305b\u308b\u305f\u3081\u306b\u4e0d\u53ef\u6b20\u3067\u3059\u3002\u8ca1\u52d9DD\u306e\u4e3b\u306a\u76ee\u7684\u306f\u3001\u5bfe\u8c61\u4f01\u696d\u306b\u5b58\u5728\u3059\u308b\u8ca1\u52d9\u4e0a\u306e\u30ea\u30b9\u30af\u3092\u628a\u63e1\u3059\u308b\u3053\u3068\u3001\u305d\u3057\u3066\u5bfe\u8c61\u4f01\u696d\u306e\u682a\u5f0f\u4fa1\u5024\u3092\u9069\u5207\u306b\u7b97\u5b9a\u3059\u308b\u305f\u3081\u306b\u5fc5\u8981\u306a\u8ca1\u52d9\u60c5\u5831\u3092\u628a\u63e1\u3059\u308b\u3053\u3068\u306b\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u8b72\u53d7\u4f01\u696d\u304c\u5bfe\u8c61\u4f01\u696d\u306e\u5c06\u6765\u8a08\u753b\u3092\u7b56\u5b9a\u3059\u308b\u969b\u306b\u306f\u3001\u5bfe\u8c61\u4f01\u696d\u306e\u6df1\u3044\u7406\u89e3\u304c\u4e0d\u53ef\u6b20\u3067\u3059\u3002\u3053\u306e\u7406\u89e3\u306f\u3001\u5bfe\u8c61\u4f01\u696d\u306e\u4e8b\u696d\u69cb\u9020\u3092\u5916\u7684\u8981\u56e0\u3068\u5185\u7684\u8981\u56e0\u306e\u4e21\u9762\u304b\u3089\u5206\u6790\u3059\u308b\u3053\u3068\u3067\u53ef\u80fd\u3068\u306a\u308a\u307e\u3059\u3002\u8ca1\u52d9DD\u306f\u3001\u3053\u306e\u6df1\u3044\u7406\u89e3\u3092\u652f\u63f4\u3057\u3001\u8b72\u53d7\u5f8c\u306e\u30b7\u30ca\u30b8\u30fc\u52b9\u679c\u306e\u53ef\u80fd\u6027\u3092\u7279\u5b9a\u3059\u308b\u4e0a\u3067\u3082\u91cd\u8981\u306a\u5f79\u5272\u3092\u679c\u305f\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"has-arkb-anchor-color has-text-color has-link-color wp-elements-382554bf2defbc4a6e9d9feb70bc25d7\">\u25b7\u95a2\u9023\uff1a<a href=\"https:\/\/mitsukijapan.com\/ma\/column\/sme-financial-dd\/\">\u4e2d\u5c0f\u4f01\u696dM&amp;A\u306e\u8ca1\u52d9\u30c7\u30e5\u30fc\u30c7\u30ea\u30b8\u30a7\u30f3\u30b9\uff5c\u7279\u6709\u306e\u8ad6\u70b9\u3068\u7c21\u6613\u8ca1\u52d9DD<\/a><\/p>\n\n\n\n<h3 id=\"arkb-toc-2\" class=\"wp-block-heading\"><strong>\u53ce\u76ca\u6027\u5206\u6790\u306e\u6982\u8981<\/strong><\/h3>\n\n\n\n<p>\u53ce\u76ca\u6027\u5206\u6790\u306f\u3001\u8ca1\u52d9\u30c7\u30e5\u30fc\u30c7\u30ea\u30b8\u30a7\u30f3\u30b9\u306e\u4e2d\u3067\u3082\u7279\u306b\u91cd\u8981\u306a\u8981\u7d20\u3067\u3059\u3002\u3053\u306e\u5206\u6790\u306e\u76ee\u7684\u306f\u3001\u5bfe\u8c61\u4f01\u696d\u304c\u5c06\u6765\u306b\u308f\u305f\u3063\u3066\u751f\u307f\u51fa\u3059\u3068\u671f\u5f85\u3055\u308c\u308b\u5229\u76ca\u306e\u8cea\u3068\u6301\u7d9a\u6027\u3092\u8a55\u4fa1\u3059\u308b\u3053\u3068\u306b\u3042\u308a\u307e\u3059\u3002\u5177\u4f53\u7684\u306b\u306f\u3001\u5bfe\u8c61\u4f01\u696d\u306e\u904e\u53bb\u306e\u640d\u76ca\u30c8\u30ec\u30f3\u30c9\u3092\u8a73\u7d30\u306b\u5206\u6790\u3057\u3001\u305d\u306e\u300c\u6b63\u5e38\u53ce\u76ca\u529b\u300d\u3092\u898b\u6975\u3081\u308b\u3053\u3068\u3067\u3001\u4e0d\u78ba\u5b9f\u6027\u306e\u9ad8\u3044\u5c06\u6765\u5229\u76ca\u306e\u898b\u7a4d\u3082\u308a\u306e\u7cbe\u5ea6\u3092\u9ad8\u3081\u307e\u3059\u3002<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" width=\"948\" height=\"560\" src=\"https:\/\/mitsukijapan.com\/ma\/wp-content\/uploads\/\u8ca1\u52d9DD\u306b\u304a\u3051\u308b\u53ce\u76ca\u6027\u5206\u6790.webp\" alt=\"M&amp;A\u306e\u8ca1\u52d9\u30c7\u30e5\u30fc\u30c7\u30ea\u30b8\u30a7\u30f3\u30b9\u306b\u304a\u3051\u308b\u53ce\u76ca\u6027\u5206\u6790\" class=\"wp-image-6260\" srcset=\"https:\/\/mitsukijapan.com\/ma\/wp-content\/uploads\/\u8ca1\u52d9DD\u306b\u304a\u3051\u308b\u53ce\u76ca\u6027\u5206\u6790.webp 948w, https:\/\/mitsukijapan.com\/ma\/wp-content\/uploads\/\u8ca1\u52d9DD\u306b\u304a\u3051\u308b\u53ce\u76ca\u6027\u5206\u6790-640x378.webp 640w, https:\/\/mitsukijapan.com\/ma\/wp-content\/uploads\/\u8ca1\u52d9DD\u306b\u304a\u3051\u308b\u53ce\u76ca\u6027\u5206\u6790-768x454.webp 768w\" sizes=\"(max-width: 948px) 100vw, 948px\" \/><\/figure>\n<\/div>\n\n\n<p>\u8ca1\u52d9DD\u306b\u304a\u3044\u3066\u306f\u3001\u8b72\u53d7\u306e\u610f\u601d\u6c7a\u5b9a\u306b\u5fc5\u8981\u306a\u60c5\u5831\u3092\u63d0\u4f9b\u3059\u308b\u3060\u3051\u3067\u306a\u304f\u3001\u8b72\u53d7\u5f8c\u306b\u671f\u5f85\u3055\u308c\u308b\u30b7\u30ca\u30b8\u30fc\u52b9\u679c\u3092\u542b\u3081\u305f\u4e8b\u696d\u8a08\u753b\u306e\u7b56\u5b9a\u306b\u3082\u8ca2\u732e\u3057\u307e\u3059\u3002\u53ce\u76ca\u6027\u5206\u6790\u3092\u901a\u3058\u3066\u3001\u58f2\u4e0a\u9ad8\u3001\u539f\u4fa1\u3001\u8ca9\u58f2\u8cbb\u53ca\u3073\u4e00\u822c\u7ba1\u7406\u8cbb\uff08\u8ca9\u7ba1\u8cbb\uff09\u3068\u3044\u3063\u305f\u640d\u76ca\u8a08\u7b97\u66f8\u306e\u4e3b\u8981\u9805\u76ee\u3092\u6df1\u6398\u308a\u3057\u3001\u5bfe\u8c61\u4f01\u696d\u306e\u4e8b\u696d\u304c\u3069\u306e\u3088\u3046\u306a\u30e1\u30ab\u30cb\u30ba\u30e0\u3067\u53ce\u76ca\u3092\u751f\u307f\u51fa\u3057\u3066\u3044\u308b\u306e\u304b\u3092\u69cb\u9020\u7684\u306b\u7406\u89e3\u3059\u308b\u3053\u3068\u304c\u6c42\u3081\u3089\u308c\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"has-arkb-anchor-color has-text-color has-link-color wp-elements-41fbd4c72b31167a4037ddc0bbade351\">\u25b7\u95a2\u9023\uff1a<a href=\"https:\/\/mitsukijapan.com\/ma\/column\/financial-dd-process\/\">\u8ca1\u52d9\u30c7\u30e5\u30fc\u30c7\u30ea\u30b8\u30a7\u30f3\u30b9\u306e\u9032\u3081\u65b9\uff5cFDD\u306e\u5fc5\u8981\u8cc7\u6599\u30ea\u30b9\u30c8\u3082\u89e3\u8aac<\/a><\/p>\n\n\n\n<h2 id=\"arkb-toc-3\" class=\"wp-block-heading\"><strong>\u6b63\u5e38\u53ce\u76ca\u529b\u3068EBITDA\uff08\u511f\u5374\u524d\u55b6\u696d\u5229\u76ca\uff09\u306e\u898b\u6975\u3081\u65b9<\/strong><\/h2>\n\n\n\n<p>\u6b63\u5e38\u53ce\u76ca\u529b\u306f\u3001\u4f01\u696d\u306e\u771f\u306e\u7a3c\u3050\u529b\u3092\u793a\u3059\u91cd\u8981\u306a\u6307\u6a19\u3067\u3042\u308a\u3001M&amp;A\u306b\u304a\u3051\u308b\u4f01\u696d\u4fa1\u5024\u8a55\u4fa1\u306e\u57fa\u790e\u3068\u306a\u308a\u307e\u3059\u3002\u3053\u306e\u6982\u5ff5\u3092\u7406\u89e3\u3057\u3001EBITDA\u3092\u9069\u5207\u306b\u7b97\u5b9a\u3059\u308b\u3053\u3068\u306f\u3001\u8ca1\u52d9\u30c7\u30e5\u30fc\u30c7\u30ea\u30b8\u30a7\u30f3\u30b9\u53ce\u76ca\u6027\u5206\u6790\u306e\u809d\u3068\u8a00\u3048\u307e\u3059\u3002<\/p>\n\n\n\n<h3 id=\"arkb-toc-4\" class=\"wp-block-heading\"><strong>\u6b63\u5e38\u53ce\u76ca\u529b\u306e\u6982\u5ff5\u3068M&amp;A\u306b\u304a\u3051\u308b\u91cd\u8981\u6027<\/strong><\/h3>\n\n\n\n<p>\u6b63\u5e38\u53ce\u76ca\u529b\u3068\u306f\u3001\u5c06\u6765\u306e\u5229\u76ca\u3092\u898b\u7a4d\u3082\u308b\u4e0a\u3067\u975e\u5e38\u306b\u91cd\u8981\u3068\u306a\u308b\u3001\u5bfe\u8c61\u4f01\u696d\u306e\u7d4c\u5e38\u7684\u306a\u53ce\u76ca\u529b\u3092\u6307\u3057\u307e\u3059\u3002M&amp;A\u306e\u610f\u601d\u6c7a\u5b9a\u306b\u304a\u3044\u3066\u306f\u3001\u5bfe\u8c61\u4f01\u696d\u306e\u904e\u53bb\u306e\u640d\u76ca\u30c8\u30ec\u30f3\u30c9\u3092\u5206\u6790\u3057\u3001\u76f4\u8fd1\u306e\u7d4c\u5e38\u7684\u306a\u53ce\u76ca\u529b\u3092\u628a\u63e1\u3059\u308b\u3053\u3068\u3067\u3001\u4e0d\u78ba\u5b9f\u6027\u306e\u9ad8\u3044\u5c06\u6765\u5229\u76ca\u306e\u898b\u7a4d\u3082\u308a\u306e\u7cbe\u5ea6\u3092\u9ad8\u3081\u308b\u3053\u3068\u304c\u53ef\u80fd\u3068\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u8b72\u53d7\u4f01\u696d\u306f\u3001\u5c06\u6765\u306b\u308f\u305f\u308b\u7d99\u7d9a\u7684\u306a\u53ce\u76ca\u3092\u751f\u307f\u51fa\u3059\u5bfe\u8c61\u4f01\u696d\u3092\u6c42\u3081\u3066\u3044\u307e\u3059\u3002\u305d\u306e\u305f\u3081\u3001\u5076\u767a\u7684\u306a\u8981\u56e0\u3084\u4e00\u6642\u7684\u306a\u640d\u76ca\u306b\u5de6\u53f3\u3055\u308c\u306a\u3044\u3001\u672c\u6765\u306e\u4e8b\u696d\u6d3b\u52d5\u304b\u3089\u751f\u307f\u51fa\u3055\u308c\u308b\u53ce\u76ca\u529b\u3092\u8a55\u4fa1\u3059\u308b\u3053\u3068\u304c\u6975\u3081\u3066\u91cd\u8981\u3067\u3059\u3002\u3053\u306e\u6b63\u5e38\u53ce\u76ca\u529b\u306e\u8a55\u4fa1\u306f\u3001\u8b72\u53d7\u4fa1\u683c\u306e\u7b97\u5b9a\u3060\u3051\u3067\u306a\u304f\u3001\u8b72\u53d7\u5f8c\u306e\u4e8b\u696d\u8a08\u753b\u306e\u7b56\u5b9a\u306b\u304a\u3044\u3066\u3082\u4e2d\u5fc3\u7684\u306a\u5f79\u5272\u3092\u679c\u305f\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>\u30c1\u30a7\u30f3\u30b8\u30aa\u30d6\u30b3\u30f3\u30c8\u30ed\u30fc\u30eb\u6761\u9805\u306e\u78ba\u8a8d&nbsp;<\/strong><\/h4>\n\n\n\n<p>\u8b72\u6e21\u4f01\u696d\u306e\u5951\u7d04\u66f8\u306b\u30c1\u30a7\u30f3\u30b8\u30aa\u30d6\u30b3\u30f3\u30c8\u30ed\u30fc\u30eb\uff08COC\uff09\u6761\u9805\u304c\u542b\u307e\u308c\u3066\u3044\u308b\u5834\u5408\u3001\u8b72\u53d7\u306b\u4f34\u3046\u682a\u4e3b\u306e\u5909\u66f4\u304c\u5951\u7d04\u306e\u89e3\u9664\u4e8b\u7531\u3084\u76f8\u624b\u65b9\u306e\u4e8b\u524d\u627f\u8afe\u4e8b\u7531\u306b\u306a\u3089\u306a\u3044\u304b\u3092\u78ba\u8a8d\u3057\u307e\u3059\u3002\u3053\u308c\u306b\u3088\u308a\u3001\u8b72\u53d7\u5f8c\u306e\u4e8b\u696d\u7d99\u7d9a\u6027\u3084\u5c06\u6765\u306e\u53ce\u76ca\u529b\u3078\u306e\u5f71\u97ff\u3092\u8a55\u4fa1\u3057\u307e\u3059\u3002<strong>\u00a0<\/strong><\/p>\n\n\n\n<h3 id=\"arkb-toc-5\" class=\"wp-block-heading\"><strong>EBITDA\uff08\u511f\u5374\u524d\u55b6\u696d\u5229\u76ca\uff09\u306e\u7b97\u5b9a\u65b9\u6cd5\u3068\u8abf\u6574\u9805\u76ee<\/strong><\/h3>\n\n\n\n<p><a href=\"https:\/\/mitsukijapan.com\/ma\/column\/ma-ebitda-utilization-merit-method-calculation-ebit-difference\/\" target=\"_blank\" rel=\"noreferrer noopener\"><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-arkb-anchor-color\">EBITDA<\/mark><\/a>\u306f\u3001\u8ca1\u52d9\u30c7\u30e5\u30fc\u30c7\u30ea\u30b8\u30a7\u30f3\u30b9\u306b\u304a\u3051\u308b\u53ce\u76ca\u6027\u5206\u6790\u3067\u7279\u306b\u6ce8\u76ee\u3055\u308c\u308b\u6307\u6a19\u306e\u4e00\u3064\u3067\u3059\u3002EBITDA\u306f\u3001\u5229\u606f\u30fb\u7a0e\u91d1\u30fb\u6e1b\u4fa1\u511f\u5374\u8cbb\u30fb\u511f\u5374\u8cbb\u63a7\u9664\u524d\u5229\u76ca\u3092\u610f\u5473\u3057\u3001\u4f01\u696d\u306e\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u5275\u51fa\u80fd\u529b\u3092\u8a55\u4fa1\u3059\u308b\u4e0a\u3067\u6709\u7528\u306a\u6307\u6a19\u3068\u306a\u308a\u307e\u3059\u3002\u5e33\u7c3f\u4e0a\u306eEBITDA\uff08\u8abf\u6574\u524dEBITDA\uff09\u306f\u3001\u5bfe\u8c61\u4f01\u696d\u304c\u63a1\u7528\u3057\u3066\u3044\u308b\u4f1a\u8a08\u51e6\u7406\u3084\u81e8\u6642\u30fb\u975e\u7d4c\u5e38\u7684\u306a\u53d6\u5f15\u306e\u5f71\u97ff\u3092\u53d7\u3051\u3066\u3044\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u305f\u3081\u3001\u672c\u6765\u306e\u53ce\u76ca\u529b\u3092\u793a\u3059\u300c\u8abf\u6574\u5f8cEBITDA\u300d\u3092\u7b97\u51fa\u3059\u308b\u305f\u3081\u306e\u8abf\u6574\u304c\u4e0d\u53ef\u6b20\u3067\u3059\u3002<\/p>\n\n\n\n<p>\u8abf\u6574\u5f8cEBITDA\u3092\u7b97\u51fa\u3059\u308b\u305f\u3081\u306e\u4e3b\u306a\u8abf\u6574\u9805\u76ee\u3068\u3001\u305d\u306e\u5177\u4f53\u7684\u306a\u5185\u5bb9\u3092\u4e0b\u8868\u306b\u6574\u7406\u3057\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table><thead><tr><th class=\"has-text-align-left\" data-align=\"left\"><strong>\u8abf\u6574\u9805\u76ee<\/strong><\/th><th class=\"has-text-align-left\" data-align=\"left\"><strong>\u5177\u4f53\u7684\u306a\u8abf\u6574\u5185\u5bb9<\/strong><\/th><\/tr><\/thead><tbody><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>\u4f1a\u8a08\u51e6\u7406\u4e0a\u306e\u8aa4\u308a\u306e\u4fee\u6b63<\/strong><\/td><td class=\"has-text-align-left\" data-align=\"left\">\u6c7a\u7b97\u51e6\u7406\u306e\u8aa4\u308a\u3001\u640d\u76ca\u533a\u5206\u306e\u8aa4\u308a\u3001\u671f\u9593\u5e30\u5c5e\u306e\u8aa4\u308a\u306a\u3069\u3001\u55b6\u696d\u5229\u76ca\u306e\u7b97\u51fa\u306b\u5f71\u97ff\u3092\u4e0e\u3048\u308b\u9805\u76ee\u3092\u4fee\u6b63\u3057\u307e\u3059\u3002\u3053\u308c\u306b\u3088\u308a\u3001\u8ca1\u52d9\u8af8\u8868\u304c\u793a\u3059\u5229\u76ca\u304c\u3001\u5b9f\u969b\u306e\u4e8b\u696d\u6d3b\u52d5\u3092\u6b63\u78ba\u306b\u53cd\u6620\u3057\u3066\u3044\u308b\u304b\u3092\u78ba\u8a8d\u3057\u307e\u3059\u3002<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>\u975e\u7d4c\u5e38\u7684\u306a\u640d\u76ca\u53d6\u5f15\u306e\u9664\u5916<\/strong><\/td><td class=\"has-text-align-left\" data-align=\"left\">\u5358\u767a\u306e\u30ad\u30e3\u30f3\u30da\u30fc\u30f3\u306b\u3088\u308b\u4e00\u6642\u7684\u306a\u58f2\u4e0a\u3001\u707d\u5bb3\u306b\u3088\u308b\u640d\u5931\u3001\u4e0d\u52d5\u7523\u306e\u58f2\u5374\u76ca\u306a\u3069\u3001\u4eca\u5f8c\u7d99\u7d9a\u3057\u3066\u767a\u751f\u3059\u308b\u898b\u8fbc\u307f\u304c\u4e4f\u3057\u3044\u53d6\u5f15\u306e\u5f71\u97ff\u3092\u9664\u5916\u3057\u307e\u3059\u3002\u3053\u308c\u306f\u3001\u5c06\u6765\u306e\u53ce\u76ca\u4e88\u6e2c\u306b\u304a\u3044\u3066\u3001\u518d\u73fe\u6027\u306e\u306a\u3044\u8981\u56e0\u3092\u53d6\u308a\u9664\u304f\u305f\u3081\u3067\u3059\u3002<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>\u55b6\u696d\u5916\u30fb\u7279\u5225\u640d\u76ca\u306e\u7d4c\u5e38\u7684\u306a\u53d6\u5f15\u306e\u8abf\u6574<\/strong><\/td><td class=\"has-text-align-left\" data-align=\"left\">\u6052\u5e38\u7684\u306b\u767a\u751f\u3057\u3066\u3044\u308b\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u3001\u55b6\u696d\u5916\u3084\u7279\u5225\u640d\u76ca\u306b\u8a08\u4e0a\u3055\u308c\u3066\u3044\u308b\u9805\u76ee\uff08\u56fa\u5b9a\u8cc7\u7523\u306e\u9664\u5374\u640d\u3001\u8a34\u8a1f\u95a2\u9023\u8cbb\u7528\u306a\u3069\uff09\u306f\u3001\u7d4c\u5e38\u7684\u306a\u53ce\u76ca\u529b\u306b\u542b\u3081\u3066\u8a55\u4fa1\u3057\u307e\u3059\u3002\u3053\u308c\u306b\u3088\u308a\u3001\u5b9f\u614b\u306b\u5373\u3057\u305f\u53ce\u76ca\u529b\u3092\u628a\u63e1\u3057\u307e\u3059\u3002<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>\u5f79\u54e1\u5831\u916c\u3084\u7279\u5b9a\u306e\u500b\u4eba\u306b\u5e30\u5c5e\u3059\u308b\u8cbb\u7528\u306e\u8abf\u6574<\/strong><\/td><td class=\"has-text-align-left\" data-align=\"left\">\u8b72\u6e21\u4f01\u696d\u306e\u30aa\u30fc\u30ca\u30fc\u7d4c\u55b6\u8005\u3084\u7279\u5b9a\u306e\u5f79\u54e1\u306b\u652f\u6255\u308f\u308c\u3066\u3044\u308b\u5831\u916c\u304c\u3001\u4e00\u822c\u7684\u306a\u6c34\u6e96\u3068\u6bd4\u8f03\u3057\u3066\u904e\u5927\u307e\u305f\u306f\u904e\u5c11\u3067\u3042\u308b\u5834\u5408\u3001\u9069\u6b63\u306a\u6c34\u6e96\u306b\u8abf\u6574\u3057\u307e\u3059\u3002\u307e\u305f\u3001\u500b\u4eba\u7684\u306a\u8cbb\u7528\u304c\u4f1a\u793e\u7d4c\u8cbb\u3068\u3057\u3066\u8a08\u4e0a\u3055\u308c\u3066\u3044\u308b\u5834\u5408\u306f\u3001\u305d\u308c\u3089\u3092\u9664\u5916\u3057\u307e\u3059\u3002\u3053\u308c\u306f\u3001\u8b72\u53d7\u5f8c\u306e\u7d44\u7e54\u4f53\u5236\u306b\u304a\u3051\u308b\u8cbb\u7528\u6c34\u6e96\u3092\u6b63\u78ba\u306b\u4e88\u6e2c\u3059\u308b\u305f\u3081\u306b\u884c\u308f\u308c\u307e\u3059\u3002<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>\u95a2\u9023\u4f1a\u793e\u53d6\u5f15\u306e\u8abf\u6574<\/strong><\/td><td class=\"has-text-align-left\" data-align=\"left\">\u8b72\u6e21\u4f01\u696d\u306e\u30b0\u30eb\u30fc\u30d7\u4f01\u696d\u9593\u3067\u884c\u308f\u308c\u3066\u3044\u308b\u53d6\u5f15\u306b\u304a\u3044\u3066\u3001\u72ec\u7acb\u4f01\u696d\u9593\u53d6\u5f15\u4fa1\u683c\uff08\u30a2\u30fc\u30e0\u30ba\u30fb\u30ec\u30f3\u30b0\u30b9\u30fb\u30d7\u30e9\u30a4\u30b9\uff09\u304b\u3089\u4e56\u96e2\u3057\u3066\u3044\u308b\u5834\u5408\u306f\u3001\u9069\u6b63\u306a\u4fa1\u683c\u306b\u8abf\u6574\u3057\u307e\u3059\u3002\u3053\u308c\u306b\u3088\u308a\u3001\u30b0\u30eb\u30fc\u30d7\u304b\u3089\u306e\u96e2\u8131\u5f8c\u3082\u7d99\u7d9a\u7684\u306a\u53ce\u76ca\u6027\u3092\u7dad\u6301\u3067\u304d\u308b\u304b\u8a55\u4fa1\u3057\u307e\u3059\u3002<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>\u904e\u53bb\u306e\u4e00\u6642\u70b9\u304b\u3089\u767a\u751f\u3057\u306a\u304f\u306a\u3063\u305f\u53d6\u5f15\u306e\u9664\u5916<\/strong><\/td><td class=\"has-text-align-left\" data-align=\"left\">\u7279\u5b9a\u306e\u30d6\u30e9\u30f3\u30c9\u306e\u64a4\u9000\u3001\u5e97\u8217\u306e\u9589\u9396\u3001\u7279\u5b9a\u306e\u88fd\u54c1\u30e9\u30a4\u30f3\u306e\u8ca9\u58f2\u7d42\u4e86\u306a\u3069\u3001\u4eca\u5f8c\u640d\u76ca\u304c\u767a\u751f\u3057\u306a\u3044\u3053\u3068\u304c\u78ba\u5b9f\u306a\u5834\u5408\u3001\u904e\u53bb\u306e\u5b9f\u7e3e\u304b\u3089\u305d\u306e\u5f71\u97ff\u3092\u9664\u5916\u3057\u307e\u3059\u3002\u3053\u308c\u306b\u3088\u308a\u3001\u73fe\u5728\u306e\u4e8b\u696d\u69cb\u9020\u306b\u57fa\u3065\u304f\u53ce\u76ca\u529b\u3092\u8a55\u4fa1\u3057\u307e\u3059\u3002<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>\u904e\u53bb\u306e\u4e00\u6642\u70b9\u304b\u3089\u65b0\u898f\u306b\u767a\u751f\u3057\u305f\u53d6\u5f15\u306e\u8abf\u6574<\/strong><\/td><td class=\"has-text-align-left\" data-align=\"left\">\u65b0\u30d6\u30e9\u30f3\u30c9\u306e\u7acb\u3061\u4e0a\u3052\u3001\u65b0\u898f\u51fa\u5e97\u306a\u3069\u3001\u4eca\u5f8c\u7d99\u7d9a\u7684\u306b\u53ce\u76ca\u306b\u8ca2\u732e\u3059\u308b\u3068\u898b\u8fbc\u307e\u308c\u308b\u53d6\u5f15\u306b\u3064\u3044\u3066\u3001\u671f\u4e2d\u306b\u767a\u751f\u3057\u305f\u5f71\u97ff\u3092\u5e74\u9593\u306b\u5f15\u304d\u76f4\u3057\u3066\u8abf\u6574\u3057\u307e\u3059\u3002\u8ca9\u58f2\u4fa1\u683c\u3084\u4ed5\u5165\u4fa1\u683c\u306e\u5909\u66f4\u306b\u3088\u308a\u3001\u640d\u76ca\u69cb\u9020\u306b\u5909\u52d5\u304c\u898b\u8fbc\u307e\u308c\u308b\u5834\u5408\u3082\u3001\u904e\u53bb\u306e\u640d\u76ca\u3092\u9061\u53ca\u3057\u3066\u898b\u7a4d\u308a\u8abf\u6574\u3057\u307e\u3059\u3002<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>\u3053\u308c\u3089\u306e\u8abf\u6574\u3092\u901a\u3058\u3066\u3001\u8ca1\u52d9\u30c7\u30e5\u30fc\u30c7\u30ea\u30b8\u30a7\u30f3\u30b9\u53ce\u76ca\u6027\u5206\u6790\u3067\u306f\u3001\u5bfe\u8c61\u4f01\u696d\u306e\u771f\u306e\u7d4c\u5e38\u7684\u306a\u53ce\u76ca\u529b\u3067\u3042\u308b\u6b63\u5e38\u53ce\u76ca\u529b\u3092\u7b97\u51fa\u3057\u307e\u3059\u3002\u3053\u306e\u8abf\u6574\u5f8cEBITDA\u306f\u3001\u8b72\u53d7\u4fa1\u683c\u7b97\u5b9a\u306e\u57fa\u790e\u3068\u306a\u308b\u3060\u3051\u3067\u306a\u304f\u3001\u8b72\u53d7\u5f8c\u306e\u4e8b\u696d\u8a08\u753b\u306e\u7b56\u5b9a\u306b\u304a\u3044\u3066\u3082\u91cd\u8981\u306a\u6307\u91dd\u3068\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"has-arkb-anchor-color has-text-color has-link-color wp-elements-f5a5fa19163d20e6b6631b7a01a090f4\">\u25b7\u95a2\u9023\uff1a<a href=\"https:\/\/mitsukijapan.com\/ma\/column\/financial-dd-cash-flow\/\">\u8ca1\u52d9DD\u306e\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u5206\u6790\u3068\u306f\uff1f\u8cc7\u91d1\u5275\u51fa\u529b\u30fb\u8fd4\u6e08\u80fd\u529b\u30fbFCF<\/a><\/p>\n\n\n\n<p class=\"has-arkb-anchor-color has-text-color has-link-color wp-elements-1b4ee5cf6a876a37af81f0d5cf60abcb\">\u25b7\u95a2\u9023\uff1a<a href=\"https:\/\/mitsukijapan.com\/ma\/column\/financial-dd-working-capital\/\">\u8ca1\u52d9DD\u3067\u306e\u904b\u8ee2\u8cc7\u672c\u5206\u6790\uff5cM&amp;A\u5f8c\u306e\u6240\u8981\u8cc7\u91d1\u306e\u4e88\u6e2c\u30fb\u4f01\u696d\u4fa1\u5024\u8a55\u4fa1<\/a><\/p>\n\n\n\n<h2 id=\"arkb-toc-6\" class=\"wp-block-heading\"><strong>\u58f2\u4e0a\u9ad8\u3068\u30b3\u30b9\u30c8\u69cb\u9020\u306e\u6df1\u6398\u308a\u5206\u6790<\/strong><\/h2>\n\n\n\n<p>\u8ca1\u52d9\u30c7\u30e5\u30fc\u30c7\u30ea\u30b8\u30a7\u30f3\u30b9\u53ce\u76ca\u6027\u5206\u6790\u306b\u304a\u3044\u3066\u306f\u3001\u58f2\u4e0a\u9ad8\u3060\u3051\u3067\u306a\u304f\u3001\u305d\u308c\u3092\u652f\u3048\u308b\u30b3\u30b9\u30c8\u69cb\u9020\u3092\u8a73\u7d30\u306b\u5206\u6790\u3059\u308b\u3053\u3068\u304c\u4e0d\u53ef\u6b20\u3067\u3059\u3002\u3053\u308c\u306b\u3088\u308a\u3001\u4f01\u696d\u306e\u53ce\u76ca\u6027\u306e\u6e90\u6cc9\u3068\u6539\u5584\u4f59\u5730\u3092\u660e\u78ba\u306b\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<h3 id=\"arkb-toc-7\" class=\"wp-block-heading\"><strong>\u58f2\u4e0a\u9ad8\u306e\u5206\u6790\uff1a\u9867\u5ba2\u30fb\u88fd\u54c1\u30fb\u5730\u57df\u304b\u3089\u306e\u8996\u70b9<\/strong><\/h3>\n\n\n\n<p>\u58f2\u4e0a\u9ad8\u306f\u4e8b\u696d\u306e\u898f\u6a21\u3084\u6210\u9577\u6027\u3092\u793a\u3059\u57fa\u672c\u6307\u6a19\u3067\u3059\u304c\u3001\u5358\u306a\u308b\u7dcf\u984d\u3060\u3051\u3067\u306a\u304f\u3001\u305d\u306e\u4e2d\u8eab\u3092\u8a73\u3057\u304f\u5206\u6790\u3059\u308b\u3053\u3068\u304c\u91cd\u8981\u3067\u3059\u3002\u8ca1\u52d9\u30c7\u30e5\u30fc\u30c7\u30ea\u30b8\u30a7\u30f3\u30b9\u306b\u304a\u3051\u308b\u58f2\u4e0a\u9ad8\u306e\u4e3b\u306a\u5206\u6790\u8996\u70b9\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 class=\"has-text-align-left\" data-align=\"left\"><strong>\u5206\u6790\u306e\u8996\u70b9<\/strong><\/th><th class=\"has-text-align-left\" data-align=\"left\"><strong>\u5177\u4f53\u7684\u306a\u8abf\u67fb\u5185\u5bb9\u3068\u76ee\u7684<\/strong><\/th><\/tr><\/thead><tbody><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>\u9867\u5ba2\u5225\u5206\u6790<\/strong><\/td><td class=\"has-text-align-left\" data-align=\"left\">\u4e3b\u8981\u306a\u9867\u5ba2\u3054\u3068\u306e\u58f2\u4e0a\u9ad8\u3084\u53d6\u5f15\u6761\u4ef6\u3092\u5206\u6790\u3057\u307e\u3059\u3002\u7279\u5b9a\u306e\u9867\u5ba2\u306b\u4f9d\u5b58\u3057\u3059\u304e\u3066\u3044\u306a\u3044\u304b\u3001\u5c06\u6765\u7684\u306b\u53d6\u5f15\u6761\u4ef6\u304c\u60aa\u5316\u3059\u308b\u30ea\u30b9\u30af\u304c\u306a\u3044\u304b\u3092\u78ba\u8a8d\u3057\u3001\u58f2\u4e0a\u306e\u5b89\u5b9a\u6027\u3092\u8a55\u4fa1\u3057\u307e\u3059\u3002<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>\u88fd\u54c1\u30fb\u30b5\u30fc\u30d3\u30b9\u5225\u5206\u6790<\/strong><\/td><td class=\"has-text-align-left\" data-align=\"left\">\u88fd\u54c1\u3084\u30b5\u30fc\u30d3\u30b9\u3054\u3068\u306e\u58f2\u4e0a\u3084\u5229\u76ca\u7387\u3092\u5206\u6790\u3057\u307e\u3059\u3002\u6210\u9577\u671f\u306b\u3042\u308b\u306e\u304b\u8870\u9000\u671f\u306b\u3042\u308b\u306e\u304b\u3092\u898b\u6975\u3081\u3001\u305d\u308c\u305e\u308c\u306e\u4e8b\u696d\u304c\u5168\u4f53\u306e\u53ce\u76ca\u306b\u3069\u3046\u8ca2\u732e\u3057\u3066\u3044\u308b\u304b\u3092\u8a55\u4fa1\u3057\u307e\u3059\u3002<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>\u5730\u57df\u5225\u5206\u6790<\/strong><\/td><td class=\"has-text-align-left\" data-align=\"left\">\u56fd\u5185\u3084\u6d77\u5916\u306a\u3069\u3001\u5730\u57df\u3054\u3068\u306e\u58f2\u4e0a\u3068\u5229\u76ca\u7387\u3092\u5206\u6790\u3057\u307e\u3059\u3002\u305d\u306e\u5730\u57df\u306e\u5e02\u5834\u304c\u4f38\u3073\u3066\u3044\u308b\u304b\u3001\u7af6\u5408\u306e\u72b6\u6cc1\u3084\u6cd5\u898f\u5236\u304c\u58f2\u4e0a\u306b\u3069\u3046\u5f71\u97ff\u3059\u308b\u304b\u3092\u8a55\u4fa1\u3057\u307e\u3059\u3002<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>\u58f2\u4e0a\u6210\u9577\u30c8\u30ec\u30f3\u30c9\u3068\u7d99\u7d9a\u6027\u8a55\u4fa1<\/strong><\/td><td class=\"has-text-align-left\" data-align=\"left\">\u904e\u53bb\u306e\u63a8\u79fb\u304b\u3089\u6210\u9577\u306e\u50be\u5411\u3092\u3064\u304b\u307f\u3001\u5c06\u6765\u3082\u7d9a\u304f\u304b\u3092\u5224\u65ad\u3057\u307e\u3059\u3002\u5e02\u5834\u74b0\u5883\u3084\u7af6\u5408\u306e\u52d5\u304d\u306b\u52a0\u3048\u3001\u5c06\u6765\u7684\u306b\u6761\u4ef6\u304c\u60aa\u5316\u3059\u308b\u3088\u3046\u306a\u4e0d\u5229\u306a\u5951\u7d04\u304c\u306a\u3044\u304b\u3082\u78ba\u8a8d\u3057\u307e\u3059\u3002<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 id=\"arkb-toc-8\" class=\"wp-block-heading\"><strong>\u539f\u4fa1\u69cb\u9020\u30fb\u8ca9\u58f2\u8cbb\u53ca\u3073\u4e00\u822c\u7ba1\u7406\u8cbb\uff08\u8ca9\u7ba1\u8cbb\uff09\u306e\u5206\u6790<\/strong><\/h3>\n\n\n\n<p>\u58f2\u4e0a\u9ad8\u3060\u3051\u3067\u306a\u304f\u3001\u30b3\u30b9\u30c8\u69cb\u9020\u3092\u8a73\u7d30\u306b\u5206\u6790\u3059\u308b\u3053\u3068\u306f\u3001\u5c06\u6765\u306e\u53ce\u76ca\u6027\u3092\u9ad8\u3081\u308b\u305f\u3081\u306b\u6b20\u304b\u305b\u307e\u305b\u3093\u3002\u30b3\u30b9\u30c8\u5206\u6790\u306e\u4e3b\u306a\u8996\u70b9\u3068\u6539\u5584\u306e\u691c\u8a0e\u4e8b\u9805\u3092\u4e0b\u8868\u306b\u6574\u7406\u3057\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table><thead><tr><th class=\"has-text-align-left\" data-align=\"left\"><strong>\u5206\u6790\u30fb\u691c\u8a0e\u9805\u76ee<\/strong><\/th><th class=\"has-text-align-left\" data-align=\"left\"><strong>\u5177\u4f53\u7684\u306a\u8abf\u67fb\u5185\u5bb9\u3068\u76ee\u7684<\/strong><\/th><\/tr><\/thead><tbody><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>\u539f\u4fa1\u69cb\u9020\u306e\u5206\u6790<\/strong><\/td><td class=\"has-text-align-left\" data-align=\"left\">\u88fd\u9020\u696d\u3067\u306f\u539f\u6750\u6599\u8cbb\u3084\u52b4\u52d9\u8cbb\u306e\u6bd4\u7387\u3092\u5206\u6790\u3057\u3001\u52b9\u7387\u6027\u3092\u8a55\u4fa1\u3057\u307e\u3059\u3002\u30b5\u30d7\u30e9\u30a4\u30c1\u30a7\u30fc\u30f3\u306e\u898b\u76f4\u3057\u306b\u3088\u308b\u30b3\u30b9\u30c8\u524a\u6e1b\u306e\u53ef\u80fd\u6027\u3084\u3001\u539f\u6750\u6599\u4fa1\u683c\u306e\u5909\u52d5\u30ea\u30b9\u30af\u306a\u3069\u3082\u3042\u308f\u305b\u3066\u691c\u8a0e\u3057\u307e\u3059\u3002<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>\u8ca9\u58f2\u8cbb\u53ca\u3073\u4e00\u822c\u7ba1\u7406\u8cbb\uff08\u8ca9\u7ba1\u8cbb\uff09\u306e\u5206\u6790<\/strong><\/td><td class=\"has-text-align-left\" data-align=\"left\">\u4eba\u4ef6\u8cbb\u3084\u5e83\u544a\u5ba3\u4f1d\u8cbb\u306a\u3069\u306e\u5185\u8a33\u3092\u5206\u6790\u3057\u307e\u3059\u3002\u7279\u306b\u4eba\u4ef6\u8cbb\u306e\u5272\u5408\u304c\u9ad8\u3044\u5834\u5408\u306f\u3001\u5831\u916c\u5236\u5ea6\u3084\u4eba\u54e1\u914d\u7f6e\u3092\u8a73\u3057\u304f\u78ba\u8a8d\u3057\u307e\u3059\u3002\u307e\u305f\u3001\u56fa\u5b9a\u8cbb\u3068\u5909\u52d5\u8cbb\u3092\u5206\u3051\u3066\u3001\u7121\u99c4\u306a\u30b3\u30b9\u30c8\u304c\u306a\u3044\u304b\u3092\u63a2\u308a\u307e\u3059\u3002<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>\u53ce\u76ca\u6027\u6539\u5584\u4f59\u5730\u306e\u691c\u8a0e<\/strong><\/td><td class=\"has-text-align-left\" data-align=\"left\">\u5206\u6790\u7d50\u679c\u3092\u3082\u3068\u306b\u3001\u8abf\u9054\u30b3\u30b9\u30c8\u306e\u6700\u9069\u5316\u3084\u751f\u7523\u6027\u306e\u5411\u4e0a\u3001\u8ca9\u7ba1\u8cbb\u306e\u524a\u6e1b\u3068\u3044\u3063\u305f\u5177\u4f53\u7684\u306a\u6539\u5584\u7b56\u3092\u691c\u8a0e\u3057\u307e\u3059\u3002\u3053\u308c\u306f\u8b72\u53d7\u5f8c\u306e\u4f01\u696d\u4fa1\u5024\u3092\u9ad8\u3081\u308b\u305f\u3081\u306e\u57fa\u790e\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-d22451d372cfbb22f009988ec7e58fc2\">\u25b7\u95a2\u9023\uff1a<a href=\"https:\/\/mitsukijapan.com\/ma\/column\/financial-dd-balance-sheet\/\">\u8ca1\u52d9DD\u3067\u306e\u8cb8\u501f\u5bfe\u7167\u8868\u5206\u6790\uff5c\u8cc7\u7523\u8ca0\u50b5\u306e\u5b9f\u614b\u628a\u63e1\u30fb\u7c3f\u5916\u30ea\u30b9\u30af\u3082\u767a\u898b<\/a><\/p>\n\n\n\n<h2 id=\"arkb-toc-9\" class=\"wp-block-heading\"><strong>\u4e8b\u696d\u30bb\u30b0\u30e1\u30f3\u30c8\u5225\u30fb\u4f1a\u8a08\u65b9\u91dd\u306e\u8a55\u4fa1<\/strong><\/h2>\n\n\n\n<p>\u5bfe\u8c61\u4f01\u696d\u304c\u8907\u6570\u306e\u4e8b\u696d\u3092\u5c55\u958b\u3057\u3066\u3044\u308b\u5834\u5408\u3001\u5168\u4f53\u3060\u3051\u3067\u306a\u304f\u3001\u4e8b\u696d\u30bb\u30b0\u30e1\u30f3\u30c8\u3084\u88fd\u54c1\u30fb\u30b5\u30fc\u30d3\u30b9\u3054\u3068\u306e\u53ce\u76ca\u6027\u3092\u8a73\u7d30\u306b\u5206\u6790\u3059\u308b\u3053\u3068\u304c\u8b72\u53d7\u306e\u610f\u601d\u6c7a\u5b9a\u306b\u304a\u3044\u3066\u975e\u5e38\u306b\u91cd\u8981\u3067\u3059\u3002\u307e\u305f\u3001\u5bfe\u8c61\u4f01\u696d\u304c\u63a1\u7528\u3057\u3066\u3044\u308b\u4f1a\u8a08\u65b9\u91dd\u3092\u7406\u89e3\u3057\u3001\u305d\u306e\u9069\u5207\u6027\u3092\u8a55\u4fa1\u3059\u308b\u3053\u3068\u3082\u3001\u8ca1\u52d9\u30c7\u30e5\u30fc\u30c7\u30ea\u30b8\u30a7\u30f3\u30b9\u53ce\u76ca\u6027\u5206\u6790\u306e\u91cd\u8981\u306a\u5074\u9762\u3067\u3059\u3002<\/p>\n\n\n\n<h3 id=\"arkb-toc-10\" class=\"wp-block-heading\"><strong>\u4e8b\u696d\u30bb\u30b0\u30e1\u30f3\u30c8\u5225\u30fb\u88fd\u54c1\u30b5\u30fc\u30d3\u30b9\u5225\u306e\u53ce\u76ca\u6027\u5206\u6790\u3068\u8a55\u4fa1<\/strong><\/h3>\n\n\n\n<p>\u8907\u6570\u306e\u4e8b\u696d\u3092\u5c55\u958b\u3057\u3066\u3044\u308b\u4f01\u696d\u306e\u5834\u5408\u3001\u4f1a\u793e\u5168\u4f53\u3060\u3051\u3067\u306a\u304f\u500b\u5225\u306e\u4e8b\u696d\u3084\u88fd\u54c1\u3054\u3068\u306e\u5206\u6790\u304c\u6b20\u304b\u305b\u307e\u305b\u3093\u3002\u30bb\u30b0\u30e1\u30f3\u30c8\u5225\u30fb\u88fd\u54c1\u5225\u306b\u53ce\u76ca\u6027\u3092\u5206\u6790\u3059\u308b\u969b\u306e\u8996\u70b9\u3092\u4e0b\u8868\u306b\u6574\u7406\u3057\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table><thead><tr><th class=\"has-text-align-left\" data-align=\"left\"><strong>\u5206\u6790\u306e\u8996\u70b9<\/strong><\/th><th class=\"has-text-align-left\" data-align=\"left\"><strong>\u5177\u4f53\u7684\u306a\u8abf\u67fb\u5185\u5bb9\u3068\u76ee\u7684<\/strong><\/th><\/tr><\/thead><tbody><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>\u30bb\u30b0\u30e1\u30f3\u30c8\u5225\u306e\u69cb\u6210\u3068\u30c8\u30ec\u30f3\u30c9<\/strong><\/td><td class=\"has-text-align-left\" data-align=\"left\">\u5404\u4e8b\u696d\u3084\u88fd\u54c1\u3054\u3068\u306e\u58f2\u4e0a\u3084\u5229\u76ca\u3092\u8a73\u7d30\u306b\u5206\u6790\u3057\u3001\u3069\u306e\u90e8\u9580\u304c\u4f1a\u793e\u306e\u53ce\u76ca\u3092\u652f\u3048\u3066\u3044\u308b\u304b\u3001\u3042\u308b\u3044\u306f\u6210\u9577\u3092\u727d\u5f15\u3057\u3066\u3044\u308b\u304b\u3092\u898b\u6975\u3081\u307e\u3059\u3002<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>\u5229\u76ca\u7387\u306e\u5dee\u7570\u8981\u56e0\u5206\u6790<\/strong><\/td><td class=\"has-text-align-left\" data-align=\"left\">\u4e8b\u696d\u9593\u3067\u5229\u76ca\u7387\u306b\u5dee\u304c\u3042\u308b\u5834\u5408\u3001\u4fa1\u683c\u8a2d\u5b9a\u3084\u30b3\u30b9\u30c8\u69cb\u9020\u3001\u7af6\u5408\u72b6\u6cc1\u306a\u3069\u306e\u9055\u3044\u3092\u6df1\u6398\u308a\u3057\u3001\u305d\u308c\u305e\u308c\u306e\u4e8b\u696d\u304c\u6301\u3064\u672c\u6765\u306e\u5b9f\u529b\u3092\u8a55\u4fa1\u3057\u307e\u3059\u3002<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>\u6210\u9577\u6027\u30fb\u7d99\u7d9a\u6027\u306e\u8a55\u4fa1<\/strong><\/td><td class=\"has-text-align-left\" data-align=\"left\">\u5e02\u5834\u306e\u5c06\u6765\u6027\u3084\u7af6\u5408\u306b\u5bfe\u3059\u308b\u5f37\u307f\u3001M&amp;A\u5f8c\u306e\u30b7\u30ca\u30b8\u30fc\u52b9\u679c\u306a\u3069\u3092\u8003\u616e\u3057\u3001\u305d\u306e\u4e8b\u696d\u304c\u5c06\u6765\u306b\u308f\u305f\u3063\u3066\u53ce\u76ca\u3092\u751f\u307f\u51fa\u3057\u7d9a\u3051\u308b\u304b\u3092\u5224\u65ad\u3057\u307e\u3059\u3002<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 id=\"arkb-toc-11\" class=\"wp-block-heading\"><strong>\u4f1a\u8a08\u65b9\u91dd\u306e\u78ba\u8a8d\u3068\u4ed6\u793e\u6bd4\u8f03\u306b\u304a\u3051\u308b\u7559\u610f\u70b9<\/strong><\/h3>\n\n\n\n<p>\u5bfe\u8c61\u4f01\u696d\u306e\u8ca1\u52d9\u6570\u5024\u3092\u6b63\u3057\u304f\u7406\u89e3\u3059\u308b\u305f\u3081\u306b\u306f\u3001\u305d\u306e\u524d\u63d0\u3068\u306a\u308b\u4f1a\u8a08\u65b9\u91dd\u306e\u78ba\u8a8d\u304c\u4e0d\u53ef\u6b20\u3067\u3059\u3002\u4f1a\u8a08\u65b9\u91dd\u3092\u8a55\u4fa1\u3059\u308b\u969b\u306e\u30dd\u30a4\u30f3\u30c8\u3068\u3001\u4ed6\u793e\u3068\u6bd4\u8f03\u3059\u308b\u969b\u306e\u6ce8\u610f\u70b9\u3092\u4e0b\u8868\u306b\u6574\u7406\u3057\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table><thead><tr><th class=\"has-text-align-left\" data-align=\"left\"><strong>\u8a55\u4fa1\u30fb\u691c\u8a0e\u9805\u76ee<\/strong><\/th><th class=\"has-text-align-left\" data-align=\"left\"><strong>\u5177\u4f53\u7684\u306a\u78ba\u8a8d\u5185\u5bb9\u3068\u7559\u610f\u70b9<\/strong><\/th><\/tr><\/thead><tbody><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>\u4f1a\u8a08\u65b9\u91dd\u306e\u9069\u5207\u6027\u8a55\u4fa1<\/strong><\/td><td class=\"has-text-align-left\" data-align=\"left\">\u53ce\u76ca\u306e\u8a08\u4e0a\u6642\u671f\u3084\u5728\u5eab\u306e\u8a55\u4fa1\u65b9\u6cd5\u306a\u3069\u304c\u3001\u4f1a\u8a08\u30eb\u30fc\u30eb\u306b\u5f93\u3063\u3066\u3044\u308b\u304b\u3092\u78ba\u8a8d\u3057\u307e\u3059\u3002\u904e\u53bb\u306e\u51e6\u7406\u306b\u8aa4\u308a\u304c\u306a\u3044\u304b\u3001\u5229\u76ca\uff08EBITDA\uff09\u306e\u8a08\u7b97\u306b\u5fc5\u8981\u306a\u9805\u76ee\u304c\u6b63\u3057\u304f\u51e6\u7406\u3055\u308c\u3066\u3044\u308b\u304b\u3092\u691c\u8a3c\u3057\u307e\u3059\u3002<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>\u4ed6\u793e\u6bd4\u8f03\u306b\u304a\u3051\u308b\u7559\u610f\u70b9<\/strong><\/td><td class=\"has-text-align-left\" data-align=\"left\">\u540c\u696d\u4ed6\u793e\u3068\u6bd4\u8f03\u3059\u308b\u969b\u3001\u4f1a\u8a08\u65b9\u91dd\u306e\u9055\u3044\u3067\u6570\u5b57\u306e\u610f\u5473\u304c\u5909\u308f\u308b\u3053\u3068\u306b\u6ce8\u610f\u304c\u5fc5\u8981\u3067\u3059\u3002\u7279\u306b\u6d77\u5916\u306a\u3069\u76e3\u67fb\u306e\u8cea\u306b\u3070\u3089\u3064\u304d\u304c\u3042\u308b\u5834\u5408\u306f\u3001\u4e8c\u91cd\u5e33\u7c3f\u3084\u30b0\u30eb\u30fc\u30d7\u9593\u53d6\u5f15\u306e\u5b9f\u614b\u3092\u78ba\u8a8d\u3057\u3001\u5fc5\u8981\u306b\u5fdc\u3058\u3066\u6570\u5b57\u3092\u8abf\u6574\u3057\u3066\u6bd4\u8f03\u3057\u307e\u3059\u3002<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>\u3053\u308c\u3089\u306e\u5206\u6790\u3092\u901a\u3058\u3066\u3001\u8ca1\u52d9\u30c7\u30e5\u30fc\u30c7\u30ea\u30b8\u30a7\u30f3\u30b9\u53ce\u76ca\u6027\u5206\u6790\u306f\u3001\u5bfe\u8c61\u4f01\u696d\u306e\u8ca1\u52d9\u72b6\u6cc1\u3092\u591a\u89d2\u7684\u306b\u8a55\u4fa1\u3057\u3001\u8b72\u53d7\u4f01\u696d\u304c\u30ea\u30b9\u30af\u3092\u6700\u5c0f\u9650\u306b\u6291\u3048\u3064\u3064\u3001\u6700\u5927\u306e\u4fa1\u5024\u3092\u5275\u9020\u3059\u308b\u305f\u3081\u306e\u610f\u601d\u6c7a\u5b9a\u3092\u652f\u63f4\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"has-arkb-anchor-color has-text-color has-link-color wp-elements-5051232d3d315139ddede8499e59f12e\">\u25b7\u95a2\u9023\uff1a<a href=\"https:\/\/mitsukijapan.com\/ma\/column\/financial-dd-capex-analysis\/\">\u8ca1\u52d9DD\u3067\u306e\u8a2d\u5099\u6295\u8cc7\uff08CAPEX\uff09\u5206\u6790\uff5c\u6210\u9577\u3068\u7dad\u6301\u306b\u5fc5\u8981\u306a\u6295\u8cc7\u984d<\/a><\/p>\n\n\n<style>\n        \/* --- \u2605\u2605\u3010\u4fee\u6b63\u70b9\u3011\u5916\u90e8\u30d5\u30a9\u30f3\u30c8\u306e\u8aad\u307f\u8fbc\u307f\u3092\u524a\u9664\u3057\u3001\u30c6\u30fc\u30de\u5074\u306e\u30d5\u30a9\u30f3\u30c8\u8a2d\u5b9a\u3092\u7d99\u627f\u3059\u308b\u3088\u3046\u306b\u5909\u66f4 \u2605\u2605 --- *\/\n        .mitsuki-cta-banner {\n            font-family: 'Noto Sans JP', sans-serif; \/* \u30b5\u30a4\u30c8\u306e\u30d5\u30a9\u30f3\u30c8\u3092\u7d99\u627f\u3057\u3064\u3064\u3001\u672a\u6307\u5b9a\u306e\u5834\u5408\u306e\u30d5\u30a9\u30fc\u30eb\u30d0\u30c3\u30af\u3092\u8a2d\u5b9a *\/\n            width: 100%; \n            max-width: 800px;\n            margin: 2em auto;\n            background-color: #011a3b;\n            background-image:\n                linear-gradient(135deg, rgba(255, 255, 255, 0.05) 2px, transparent 2px),\n                linear-gradient(225deg, rgba(255, 255, 255, 0.05) 2px, transparent 2px),\n                linear-gradient(45deg, rgba(255, 255, 255, 0.05) 2px, transparent 2px),\n                linear-gradient(315deg, rgba(255, 255, 255, 0.05) 2px, transparent 2px);\n            background-position: 0 0, 0 0, 0 0, 0 0;\n            background-size: 20px 20px;\n            border-radius: 8px;\n            padding: 24px;\n            box-shadow: 0 10px 25px -5px rgba(0, 0, 0, 0.15);\n            border: 1px solid rgba(212, 175, 55, 0.2);\n            display: flex;\n            align-items: center;\n            justify-content: space-between;\n            box-sizing: border-box;\n            text-decoration: none;\n            color: white;\n        }\n        .mitsuki-cta-banner:hover {\n            color: white; \n        }\n\n        \/* --- \u30c6\u30ad\u30b9\u30c8\u90e8\u5206 --- *\/\n        .mitsuki-cta-banner .text-content {\n            flex: 1 1 auto;\n            text-align: left;\n        }\n\n        .mitsuki-cta-banner .sub-heading {\n            color: #E6C65C;\n            font-size: 16px;\n            font-weight: 700;\n            text-shadow: 0px 1px 3px rgba(0,0,0,0.4);\n            margin: 0 0 4px 0;\n        }\n\n        .mitsuki-cta-banner .main-heading {\n            font-size: 24px;\n            font-weight: 900;\n            line-height: 1.3;\n            margin: 0;\n        }\n\n        \/* --- \u30dc\u30bf\u30f3\u90e8\u5206 --- *\/\n        .mitsuki-cta-banner .button-wrapper {\n            flex-shrink: 0;\n            margin-left: 20px;\n        }\n\n        .mitsuki-cta-banner .cta-button {\n            display: inline-flex;\n            align-items: center;\n            justify-content: center;\n            padding: 12px 24px;\n            background: linear-gradient(180deg, #F0D573 0%, #D4AF37 100%);\n            border: 1px solid #c09d31;\n            border-radius: 6px;\n            color: #1a1a1a;\n            font-size: 16px;\n            font-weight: 700;\n            text-decoration: none;\n            box-shadow: 0 4px 8px -1px rgba(212, 175, 55, 0.25), inset 0 1px 1px 0 rgba(255,255,255,0.3);\n            transition: all 0.3s ease;\n            white-space: nowrap;\n        }\n\n        .mitsuki-cta-banner:hover .cta-button {\n            transform: translateY(-2px);\n            box-shadow: 0 6px 12px -1px rgba(212, 175, 55, 0.35), inset 0 1px 1px 0 rgba(255,255,255,0.3);\n        }\n\n        .mitsuki-cta-banner .company-name {\n            font-size: 12px;\n            color: #a0aec0;\n            margin-top: 8px;\n            text-align: center;\n        }\n        \n        \/* --- \u30b9\u30de\u30fc\u30c8\u30d5\u30a9\u30f3\u5411\u3051\u306e\u30ec\u30a4\u30a2\u30a6\u30c8 --- *\/\n        @media (max-width: 768px) {\n            .mitsuki-cta-banner {\n                display: block;\n            }\n            .mitsuki-cta-banner .text-content {\n                text-align: center; \n                margin-bottom: 24px;\n            }\n            .mitsuki-cta-banner .button-wrapper {\n                margin-left: 0;\n                text-align: center;\n            }\n            .mitsuki-cta-banner .main-heading {\n                font-size: 20px;\n            }\n        }\n    <\/style>\n\n<a href=\"\/dd-valuation\/\" class=\"mitsuki-cta-banner\">\n    <div class=\"text-content\">\n        <p class=\"sub-heading\">\u7a0e\u7406\u58eb\u6cd5\u4eba\u30b0\u30eb\u30fc\u30d7\u306b\u3088\u308b\u8ca1\u52d9\u30c7\u30e5\u30fc\u30c7\u30ea\u30b8\u30a7\u30f3\u30b9<\/p>\n        <h3 id=\"arkb-toc-12\" class=\"main-heading\">M&#038;A\u306b\u6f5c\u3080\u8ca1\u52d9\u30ea\u30b9\u30af\u3001\u898b\u9003\u3057\u3066\u3044\u307e\u305b\u3093\u304b\uff1f<\/h3>\n    <\/div>\n    <div class=\"button-wrapper\">\n        <div class=\"cta-button\">\n            <span>\u8ca1\u52d9DD\u30b5\u30fc\u30d3\u30b9\u306e\u8a73\u7d30\u3092\u898b\u308b<\/span>\n            <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" style=\"width:20px; height:20px; margin-left:8px;\" viewBox=\"0 0 20 20\" fill=\"currentColor\" role=\"img\" aria-hidden=\"true\">\n               <path fill-rule=\"evenodd\" d=\"M10.293 3.293a1 1 0 011.414 0l6 6a1 1 0 010 1.414l-6 6a1 1 0 01-1.414-1.414L14.586 11H3a1 1 0 110-2h11.586l-4.293-4.293a1 1 0 010-1.414z\" clip-rule=\"evenodd\" \/>\n            <\/svg>\n        <\/div>\n        <p class=\"company-name\">\u307f\u3064\u304d\u30b3\u30f3\u30b5\u30eb\u30c6\u30a3\u30f3\u30b0<\/p>\n    <\/div>\n<\/a>\n\n\n<h2 id=\"arkb-toc-13\" class=\"wp-block-heading\"><strong>\u3088\u304f\u3042\u308b\u8cea\u554f\uff5c\u8ca1\u52d9\u30c7\u30e5\u30fc\u30c7\u30ea\u30b8\u30a7\u30f3\u30b9\u3068\u53ce\u76ca\u6027\u5206\u6790\uff08FAQ\uff09<\/strong><\/h2>\n\n\n\n<p>M&amp;A\u306e\u8ca1\u52d9DD\u306b\u304a\u3051\u308b\u53ce\u76ca\u6027\u5206\u6790\u306b\u3064\u3044\u3066\u3001Q&amp;A\u5f62\u5f0f\u3067\u7591\u554f\u306b\u7b54\u3048\u307e\u3059\u3002<\/p>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1757382839711\"><strong class=\"schema-faq-question\"><strong><span class=\"arkb-fz arkb-fz-l\">Q\uff1a\u4f1a\u793e\u306e\u672c\u5f53\u306e\u5132\u3051\u306f\u3044\u304f\u3089\u306a\u306e\uff1f<\/span><\/strong><\/strong> <p class=\"schema-faq-answer\">M&amp;A\u306b\u304a\u3051\u308b\u8ca1\u52d9\u30c7\u30e5\u30fc\u30c7\u30ea\u30b8\u30a7\u30f3\u30b9\uff08DD\uff09\u3067\u306f\u3001\u5bfe\u8c61\u4f01\u696d\u306e\u300c\u6b63\u5e38\u53ce\u76ca\u529b\u300d\u3092\u898b\u6975\u3081\u308b\u3053\u3068\u3067\u3001\u4f1a\u793e\u306e\u300c\u672c\u5f53\u306e\u5132\u3051\u300d\u3092\u628a\u63e1\u3057\u307e\u3059\u3002\u3053\u308c\u306f\u3001\u4e00\u904e\u6027\u306e\u640d\u76ca\u3084\u7279\u6b8a\u8981\u56e0\u3092\u9664\u5916\u3057\u3001\u672c\u6765\u306e\u4e8b\u696d\u6d3b\u52d5\u304b\u3089\u7d99\u7d9a\u7684\u306b\u751f\u307f\u51fa\u3055\u308c\u308b\u5229\u76ca\u3092\u6307\u3057\u307e\u3059\u3002<br\/>\u5177\u4f53\u7684\u306b\u306f\u3001\u904e\u53bb\u306e\u6c7a\u7b97\u66f8\u4e0a\u306e\u5229\u76ca\u304b\u3089\u3001\u81e8\u6642\u7684\u306a\u53ce\u76ca\u3084\u8cbb\u7528\u3001\u500b\u4eba\u7684\u306a\u7d4c\u8cbb\u3001\u30b0\u30eb\u30fc\u30d7\u4f1a\u793e\u9593\u306e\u4e0d\u9069\u6b63\u306a\u53d6\u5f15\u306a\u3069\u3092\u8abf\u6574\u3057\u3001\u300c\u8abf\u6574\u5f8cEBITDA\u300d\u306a\u3069\u306e\u6307\u6a19\u3092\u7b97\u51fa\u3059\u308b\u3053\u3068\u3067\u3001\u5c06\u6765\u6027\u306e\u3042\u308b\u771f\u306e\u53ce\u76ca\u529b\u3092\u8a55\u4fa1\u3057\u307e\u3059\u3002<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1757382860579\"><strong class=\"schema-faq-question\"><strong><span class=\"arkb-fz arkb-fz-l\">Q\uff1aEBITDA\u3063\u3066\u3069\u3046\u3084\u3063\u3066\u8a08\u7b97\u3059\u308b\u306e\uff1f<\/span><\/strong><\/strong> <p class=\"schema-faq-answer\">EBITDA\u306f\u3001\u5229\u606f\u30fb\u7a0e\u91d1\u30fb\u6e1b\u4fa1\u511f\u5374\u8cbb\u30fb\u511f\u5374\u8cbb\u63a7\u9664\u524d\u306e\u5229\u76ca\u3092\u6307\u3057\u3001\u4f01\u696d\u306e\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u5275\u51fa\u80fd\u529b\u3092\u793a\u3059\u6307\u6a19\u3067\u3059\u3002\u8a08\u7b97\u306f\u3001\u640d\u76ca\u8a08\u7b97\u66f8\u306e\u300c\u55b6\u696d\u5229\u76ca\u300d\u3092\u57fa\u306b\u3001\u6e1b\u4fa1\u511f\u5374\u8cbb\u3068\u511f\u5374\u8cbb\uff08\u7121\u5f62\u56fa\u5b9a\u8cc7\u7523\u306e\u511f\u5374\u8cbb\u306a\u3069\uff09\u3092\u8db3\u3057\u623b\u3057\u3066\u7b97\u51fa\u3057\u307e\u3059\u3002<br\/>\u3055\u3089\u306b\u3001M&amp;A\u306e\u8ca1\u52d9\u30c7\u30e5\u30fc\u30c7\u30ea\u30b8\u30a7\u30f3\u30b9\u3067\u306f\u3001\u3053\u306eEBITDA\u3092\u300c\u6b63\u5e38\u53ce\u76ca\u529b\u300d\u3068\u3057\u3066\u8a55\u4fa1\u3059\u308b\u305f\u3081\u3001\u4e00\u904e\u6027\u306e\u640d\u76ca\uff08\u4f8b\u3048\u3070\u3001\u5de5\u5834\u58f2\u5374\u76ca\u3084\u707d\u5bb3\u640d\u5931\uff09\u3001\u904e\u5927\u306a\u5f79\u54e1\u5831\u916c\u3001\u95a2\u9023\u4f1a\u793e\u3068\u306e\u975e\u5e02\u5834\u4fa1\u683c\u53d6\u5f15\u306a\u3069\u3092\u8abf\u6574\u3057\u307e\u3059\u3002\u3053\u308c\u306b\u3088\u308a\u3001\u4e8b\u696d\u306e\u771f\u306e\u7a3c\u3050\u529b\u3092\u793a\u3059\u8abf\u6574\u5f8cEBITDA\u304c\u7b97\u51fa\u3055\u308c\u307e\u3059\u3002<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1757382881926\"><strong class=\"schema-faq-question\"><strong><span class=\"arkb-fz arkb-fz-l\">Q\uff1a\u6c7a\u7b97\u66f8\u306e\u5229\u76ca\u3068\u6b63\u5e38\u53ce\u76ca\u529b\u306f\u4f55\u304c\u9055\u3046\u306e\uff1f<\/span><\/strong><\/strong> <p class=\"schema-faq-answer\">\u6c7a\u7b97\u66f8\u306e\u5229\u76ca\u306f\u3001\u4f1a\u8a08\u539f\u5247\u306b\u57fa\u3065\u3044\u3066\u904e\u53bb\u306e\u4e8b\u696d\u6d3b\u52d5\u306e\u7d50\u679c\u3092\u793a\u3057\u305f\u3082\u306e\u3067\u3001\u4e00\u6642\u7684\u306a\u8981\u56e0\u3084\u975e\u7d4c\u5e38\u7684\u306a\u53d6\u5f15\u3082\u542b\u307e\u308c\u307e\u3059\u3002\u3053\u308c\u306b\u5bfe\u3057\u3001\u6b63\u5e38\u53ce\u76ca\u529b\u306f\u3001M&amp;A\u306b\u304a\u3051\u308b\u5c06\u6765\u4e88\u6e2c\u306e\u57fa\u790e\u3068\u306a\u308b\u300c\u7d99\u7d9a\u7684\u306a\u4e8b\u696d\u6d3b\u52d5\u304b\u3089\u751f\u307f\u51fa\u3055\u308c\u308b\u5229\u76ca\u300d\u3092\u6307\u3057\u307e\u3059\u3002<br\/>\u8ca1\u52d9\u30c7\u30e5\u30fc\u30c7\u30ea\u30b8\u30a7\u30f3\u30b9\u3067\u306f\u3001\u6c7a\u7b97\u66f8\u306e\u5229\u76ca\u304b\u3089\u3001\u4f8b\u3048\u3070\u4e0d\u52d5\u7523\u58f2\u5374\u76ca\u306e\u3088\u3046\u306a\u4e00\u6642\u7684\u306a\u5229\u76ca\u3084\u3001\u500b\u4eba\u7684\u306a\u8cbb\u7528\u8a08\u4e0a\u306a\u3069\u3001\u5c06\u6765\u306f\u767a\u751f\u3057\u306a\u3044\u3067\u3042\u308d\u3046\u7279\u6b8a\u306a\u640d\u76ca\u9805\u76ee\u3092\u8abf\u6574\u3057\u3001\u4e8b\u696d\u672c\u6765\u306e\u53ce\u76ca\u529b\u3092\u660e\u78ba\u5316\u3057\u307e\u3059\u3002<br\/>\u3053\u306e\u6b63\u5e38\u53ce\u76ca\u529b\u306f\u3001\u8b72\u53d7\u5f8c\u306e\u4e8b\u696d\u8a08\u753b\u306e\u57fa\u790e\u3068\u306a\u308a\u3001\u8b72\u53d7\u4fa1\u683c\u306e\u7b97\u5b9a\u306b\u5927\u304d\u304f\u5f71\u97ff\u3057\u307e\u3059\u3002<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1757382902867\"><strong class=\"schema-faq-question\"><strong><span class=\"arkb-fz arkb-fz-l\">Q\uff1a\u58f2\u4e0a\u3084\u5229\u76ca\u306e\u5206\u6790\u3067\u6c17\u3092\u3064\u3051\u308b\u3053\u3068\u306f\uff1f<\/span><\/strong><\/strong> <p class=\"schema-faq-answer\">\u58f2\u4e0a\u3084\u5229\u76ca\u306e\u5206\u6790\u3067\u306f\u3001\u307e\u305a\u58f2\u4e0a\u9ad8\u306e\u69cb\u6210\uff08\u9867\u5ba2\u5225\u3001\u88fd\u54c1\u5225\u3001\u5730\u57df\u5225\u306a\u3069\uff09\u3092\u8a73\u7d30\u306b\u5206\u6790\u3057\u3001\u7279\u5b9a\u306e\u53d6\u5f15\u5148\u3078\u306e\u4f9d\u5b58\u5ea6\u3084\u88fd\u54c1\u306e\u30e9\u30a4\u30d5\u30b5\u30a4\u30af\u30eb\u3092\u8a55\u4fa1\u3057\u307e\u3059\u3002\u6b21\u306b\u3001\u539f\u4fa1\u69cb\u9020\u3084\u8ca9\u58f2\u8cbb\u53ca\u3073\u4e00\u822c\u7ba1\u7406\u8cbb\uff08\u8ca9\u7ba1\u8cbb\uff09\u306e\u56fa\u5b9a\u8cbb\u30fb\u5909\u52d5\u8cbb\u306e\u5206\u89e3\u3092\u884c\u3044\u3001\u52b9\u7387\u5316\u306e\u4f59\u5730\u3084\u5c06\u6765\u306e\u30b3\u30b9\u30c8\u5909\u52d5\u8981\u56e0\u3092\u7279\u5b9a\u3057\u307e\u3059\u3002<br\/>\u7279\u306b\u3001\u904e\u53bb\u306e\u7570\u5e38\u5024\u3084\u4e0d\u81ea\u7136\u306a\u50be\u5411\u304c\u306a\u3044\u304b\u3001\u307e\u305f\u3001\u30b0\u30eb\u30fc\u30d7\u4f1a\u793e\u9593\u306e\u53d6\u5f15\u3084\u7279\u5b9a\u306e\u5951\u7d04\u306b\u6ce8\u610f\u3057\u3001\u5e02\u5834\u4fa1\u683c\u3068\u306e\u4e56\u96e2\u3084\u8b72\u53d7\u5f8c\u306e\u5951\u7d04\u7d99\u7d9a\u30ea\u30b9\u30af\u3092\u78ba\u8a8d\u3057\u307e\u3059\u3002 \u3053\u308c\u306b\u3088\u308a\u3001\u8868\u9762\u7684\u306a\u6570\u5b57\u3060\u3051\u3067\u306a\u304f\u3001\u58f2\u4e0a\u3068\u5229\u76ca\u306e\u8cea\u3068\u6301\u7d9a\u6027\u3092\u6df1\u304f\u7406\u89e3\u3059\u308b\u3053\u3068\u304c\u53ef\u80fd\u306b\u306a\u308a\u307e\u3059\u3002<\/p> <\/div> <\/div>\n\n\n\n<p class=\"has-arkb-anchor-color has-text-color has-link-color wp-elements-3360ade7c204c4220c976a2edfadf520\">\u25b7\u95a2\u9023\uff1a<a href=\"https:\/\/mitsukijapan.com\/ma\/column\/what-is-due-diligence\/\">\u30c7\u30e5\u30fc\u30c7\u30ea\u30b8\u30a7\u30f3\u30b9\u3068\u306f\uff5c\u8ab0\u304c\u3084\u308b\uff1fDD\u306e\u610f\u5473\u3092\u308f\u304b\u308a\u3084\u3059\u304f\u89e3\u8aac<\/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-14\" class=\"wp-block-heading\"><strong>\u8ca1\u52d9\u30c7\u30e5\u30fc\u30c7\u30ea\u30b8\u30a7\u30f3\u30b9\u3068\u53ce\u76ca\u6027\u5206\u6790<\/strong>\uff08\u6b63\u5e38\u53ce\u76ca\u529b\uff09\u306e\u307e\u3068\u3081<\/h2>\n\n\n\n<p>\u8ca1\u52d9\u30c7\u30e5\u30fc\u30c7\u30ea\u30b8\u30a7\u30f3\u30b9\u306b\u304a\u3051\u308b\u53ce\u76ca\u6027\u5206\u6790\u306f\u3001\u8b72\u53d7\u4f01\u696d\u304c\u5bfe\u8c61\u4f01\u696d\u306e\u771f\u306e\u4fa1\u5024\u3092\u628a\u63e1\u3059\u308b\u305f\u3081\u306b\u91cd\u8981\u3067\u3059\u3002\u4e00\u6642\u7684\u306a\u640d\u76ca\u3092\u9664\u5916\u3057\u3066\u300c\u6b63\u5e38\u53ce\u76ca\u529b\u300d\u3092\u7b97\u51fa\u3057\u3001\u58f2\u4e0a\u3084\u30b3\u30b9\u30c8\u69cb\u9020\u3001\u4e8b\u696d\u30bb\u30b0\u30e1\u30f3\u30c8\u5225\u306e\u53ce\u76ca\u6027\u3092\u8a73\u7d30\u306b\u691c\u8a3c\u3059\u308b\u3053\u3068\u3067\u3001\u5c06\u6765\u306e\u6539\u5584\u53ef\u80fd\u6027\u3092\u8a55\u4fa1\u3067\u304d\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\u3068\u3057\u306615\u5e74\u4ee5\u4e0a\u306e\u5b9f\u7e3e\u3092\u6301\u3061\u3001\u8ca1\u52d9\u8abf\u67fb\u306b\u7cbe\u901a\u3057\u305f\u516c\u8a8d\u4f1a\u8a08\u58eb\u304c\u5728\u7c4d\u3057\u3066\u3044\u307e\u3059\u3002\u7a0e\u52d9\u3092\u542b\u3081\u305f\u5c02\u9580\u7684\u306a\u8abf\u67fb\u3092\u30ef\u30f3\u30b9\u30c8\u30c3\u30d7\u3067\u63d0\u4f9b\u3057\u307e\u3059\u3002\u8ca1\u52d9\u30c7\u30e5\u30fc\u30c7\u30ea\u30b8\u30a7\u30f3\u30b9\u3092\u3054\u691c\u8a0e\u306e\u65b9\u306f\u3001\u304a\u6c17\u8efd\u306b\u3054\u76f8\u8ac7\u304f\u3060\u3055\u3044\u3002<\/p>\n\n\n\n<p class=\"has-arkb-anchor-color has-text-color has-link-color wp-elements-35d6ba0785dbc0629f8ad4f810c4ee46\"><a href=\"https:\/\/mitsukijapan.com\/ma\/lp\/01\/\" target=\"_blank\" rel=\"noreferrer noopener\"><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-arkb-anchor-color\">\u5b8c\u5168\u6210\u529f\u5831\u916c\u306eM&amp;A\u4ef2\u4ecb\u4f1a\u793e\u306a\u3089\u3001\u307f\u3064\u304d\u30b3\u30f3\u30b5\u30eb\u30c6\u30a3\u30f3\u30b0\u3078 \uff1e<\/mark><\/a><\/p>\n\n\n<div class=\"cta-btns\">\n    <div class=\"contact-btn\">\n        <div class=\"micro-copy\">\u3054\u8b72\u6e21\u3092\u691c\u8a0e\u3055\u308c\u308b\u65b9<\/div>\n        <a href=\"\/ma\/contact\/\">\u4eca\u3059\u3050\u7121\u6599\u76f8\u8ac7\u3059\u308b<\/a>\n    <\/div>\n    <div>\n        <div class=\"download-btn\">\n            <div class=\"micro-copy\">M&#038;A\u306e\u91cd\u8981\u30dd\u30a4\u30f3\u30c8\u8cc7\u6599<\/div>\n            <a href=\"\/ma\/document-request\/\">\u7121\u6599\u3067\u30c0\u30a6\u30f3\u30ed\u30fc\u30c9\u3059\u308b<\/a>\n        <\/div>\n    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