{"id":7823,"date":"2026-01-18T16:55:46","date_gmt":"2026-01-18T07:55:46","guid":{"rendered":"https:\/\/mitsukijapan.com\/ma\/?post_type=column&#038;p=7823"},"modified":"2026-01-20T11:44:14","modified_gmt":"2026-01-20T02:44:14","slug":"minority-discount","status":"publish","type":"column","link":"https:\/\/mitsukijapan.com\/ma\/column\/minority-discount\/","title":{"rendered":"\u30de\u30a4\u30ce\u30ea\u30c6\u30a3\u30fb\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\u3068\u306f\uff1f\u682a\u4fa1\u7b97\u5b9a\u306e\u4ed5\u7d44\u307f\u3068\u76ee\u5b89\u3092\u89e3\u8aac"},"content":{"rendered":"\n<p>\u300c\u306a\u305c\u5c11\u6570\u682a\u4e3b\u306e\u682a\u5f0f\u4fa1\u5024\u306f\u4f4e\u304f\u8a55\u4fa1\u3055\u308c\u308b\u306e\u304b\uff1f\u300dM&amp;A\u3084\u4e8b\u696d\u627f\u7d99\u3067\u76f4\u9762\u3059\u308b\u3053\u306e\u7591\u554f\u306b\u3001\u5c02\u9580\u5bb6\u304c\u7b54\u3048\u307e\u3059\u3002\u30de\u30a4\u30ce\u30ea\u30c6\u30a3\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\uff08\u5c11\u6570\u682a\u4e3b\u5272\u5f15\uff09\u306e\u5b9a\u7fa9\u304b\u3089\u3001\u30b3\u30f3\u30c8\u30ed\u30fc\u30eb\u30d7\u30ec\u30df\u30a2\u30e0\u3068\u306e\u95a2\u4fc2\u3001\u76ee\u5b89\u3068\u306a\u308b\u5272\u5f15\u7387\u3001\u305d\u3057\u3066\u975e\u6d41\u52d5\u6027\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\u3068\u306e\u9055\u3044\u307e\u3067\u3092\u7db2\u7f85\u3002\u9069\u6b63\u306a\u682a\u4fa1\u7b97\u5b9a\u306e\u305f\u3081\u306e\u77e5\u8b58\u3092\u308f\u304b\u308a\u3084\u3059\u304f\u89e3\u8aac\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/mitsukijapan.com\/ma\/valuations\/\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" width=\"450\" height=\"250\" src=\"https:\/\/mitsukijapan.com\/ma\/wp-content\/uploads\/Frame-20-3.jpg\" alt=\"\" class=\"wp-image-4081\"\/><\/a><\/figure>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/mitsukijapan.com\/ma\/lp\/01\/\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" width=\"450\" height=\"250\" src=\"https:\/\/mitsukijapan.com\/ma\/wp-content\/uploads\/Frame-19-2.jpg\" alt=\"\" class=\"wp-image-4082\"\/><\/a><\/figure>\n<\/div>\n<\/div>\n\n\n<div class=\"ark-block-toc\" 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\">\u30de\u30a4\u30ce\u30ea\u30c6\u30a3\u30fb\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\uff08\u5c11\u6570\u682a\u4e3b\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\uff09\u3068\u306f<\/a><ol class=\"ark-block-toc__list\" data-level=\"3\"><li><a href=\"#arkb-toc-1\" class=\"ark-block-toc__link\">\u652f\u914d\u6a29\u3092\u6301\u305f\u306a\u3044\u3053\u3068\u306b\u3088\u308b\u300c\u4fa1\u5024\u306e\u6e1b\u984d\u300d<\/a><\/li><\/ol><\/li><li><a href=\"#arkb-toc-2\" class=\"ark-block-toc__link\">\u5c11\u6570\u682a\u4e3b\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\u306e\u91cd\u8981\u30dd\u30a4\u30f3\u30c8\u3068\u8a08\u7b97\u306e\u4ed5\u7d44\u307f<\/a><ol class=\"ark-block-toc__list\" data-level=\"3\"><li><a href=\"#arkb-toc-3\" class=\"ark-block-toc__link\">\u30b3\u30f3\u30c8\u30ed\u30fc\u30eb\u30d7\u30ec\u30df\u30a2\u30e0\u3068\u306e\u300c\u8868\u88cf\u4e00\u4f53\u300d\u306e\u95a2\u4fc2<\/a><\/li><li><a href=\"#arkb-toc-4\" class=\"ark-block-toc__link\">\u5272\u5f15\u7387\u306e\u76ee\u5b89\u3068\u8a08\u7b97\u4f8b<\/a><\/li><li><a href=\"#arkb-toc-5\" class=\"ark-block-toc__link\">\u8a55\u4fa1\u624b\u6cd5\u306b\u3088\u308b\u9069\u7528\u306e\u9055\u3044\uff08DCF\u6cd5\u3067\u306e\u6ce8\u610f\u70b9\uff09<\/a><\/li><\/ol><\/li><li><a href=\"#arkb-toc-6\" class=\"ark-block-toc__link\">\u95a2\u9023\u3059\u308b\u300c\u975e\u6d41\u52d5\u6027\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\u300d\u3068\u306e\u9055\u3044\u3068\u4f75\u7528<\/a><ol class=\"ark-block-toc__list\" data-level=\"3\"><li><a href=\"#arkb-toc-7\" class=\"ark-block-toc__link\">\u975e\u6d41\u52d5\u6027\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\u3068\u306f<\/a><\/li><li><a href=\"#arkb-toc-8\" class=\"ark-block-toc__link\">\uff12\u3064\u306e\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\u306e\u9055\u3044<\/a><\/li><li><a href=\"#arkb-toc-9\" class=\"ark-block-toc__link\">\u300c\u30c0\u30d6\u30eb\u30d1\u30f3\u30c1\u300d\u3067\u8a55\u4fa1\u984d\u304c\u4e0b\u304c\u308b\u4ed5\u7d44\u307f<\/a><\/li><\/ol><\/li><li><a href=\"#arkb-toc-10\" class=\"ark-block-toc__link\">\u5c11\u6570\u682a\u4e3b\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\u306e\u5b9f\u52d9\u306b\u304a\u3051\u308b\u91cd\u8981\u6027<\/a><ol class=\"ark-block-toc__list\" data-level=\"3\"><li><a href=\"#arkb-toc-11\" class=\"ark-block-toc__link\">M&amp;A\u3084\u4e8b\u696d\u627f\u7d99\u3067\u306e\u9069\u7528\u5834\u9762<\/a><\/li><li><a href=\"#arkb-toc-12\" class=\"ark-block-toc__link\">\u300c\u4e00\u7269\u4e8c\u4fa1\u300d\u3092\u53d7\u3051\u5165\u308c\u308b<\/a><\/li><li><a href=\"#arkb-toc-13\" class=\"ark-block-toc__link\">\u5c02\u9580\u5bb6\u306e\u8996\u70b9\uff5c\u7d0d\u5f97\u611f\u306e\u3042\u308b\u5408\u610f\u306e\u305f\u3081\u306b<\/a><\/li><\/ol><\/li><li><a href=\"#arkb-toc-14\" class=\"ark-block-toc__link\">\u5c11\u6570\u682a\u4e3b\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\u306b\u95a2\u3059\u308bFAQ<\/a><\/li><li><a href=\"#arkb-toc-15\" class=\"ark-block-toc__link\">\u5c11\u6570\u682a\u4e3b\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\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\">\u30de\u30a4\u30ce\u30ea\u30c6\u30a3\u30fb\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\uff08\u5c11\u6570\u682a\u4e3b\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\uff09\u3068\u306f<\/h2>\n\n\n\n<p>M&amp;A\u3084\u682a\u5f0f\u8b72\u6e21\u306e\u73fe\u5834\u306b\u304a\u3044\u3066\u3001\u300c\u6301\u3061\u682a\u6bd4\u7387\u304c\u4f4e\u3044\u300d\u3068\u3044\u3046\u3060\u3051\u3067\u3001\u682a\u5f0f\u306e\u8a55\u4fa1\u984d\u304c\u4e88\u60f3\u4ee5\u4e0a\u306b\u4f4e\u304f\u7b97\u5b9a\u3055\u308c\u308b\u3053\u3068\u306b\u9a5a\u304b\u308c\u308b\u7d4c\u55b6\u8005\u306e\u65b9\u306f\u5c11\u306a\u304f\u3042\u308a\u307e\u305b\u3093\u3002\u305d\u306e\u4e3b\u305f\u308b\u8981\u56e0\u304c\u30de\u30a4\u30ce\u30ea\u30c6\u30a3\u30fb\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\uff08\u5c11\u6570\u682a\u4e3b\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\u3067\u3059\u3002<\/p>\n\n\n\n<p>\u307e\u305a\u306f\u3001\u3053\u306e\u6982\u5ff5\u306e\u57fa\u672c\u7684\u306a\u5b9a\u7fa9\u3068\u3001\u306a\u305c\u305d\u306e\u3088\u3046\u306a\u5272\u5f15\u304c\u767a\u751f\u3059\u308b\u306e\u304b\u3068\u3044\u3046\u80cc\u666f\u306b\u3064\u3044\u3066\u3001\u5c02\u9580\u5bb6\u306e\u8996\u70b9\u304b\u3089\u8a73\u3057\u304f\u89e3\u8aac\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<h3 id=\"arkb-toc-1\" class=\"wp-block-heading\">\u652f\u914d\u6a29\u3092\u6301\u305f\u306a\u3044\u3053\u3068\u306b\u3088\u308b\u300c\u4fa1\u5024\u306e\u6e1b\u984d\u300d<\/h3>\n\n\n\n<p>\u5c11\u6570\u682a\u4e3b\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\uff08Minority Discount\uff09\u3068\u306f\u3001\u4f01\u696d\u306e\u682a\u5f0f\u8a55\u4fa1\u306b\u304a\u3044\u3066\u3001\u652f\u914d\u6a29\u3092\u6301\u305f\u306a\u3044\u5c11\u6570\u682a\u4e3b\u306e\u682a\u5f0f\u4fa1\u5024\u3092\u3001\u652f\u914d\u6a29\u3092\u6301\u3064\u682a\u5f0f\u306e\u4fa1\u5024\uff08\u30b3\u30f3\u30c8\u30ed\u30fc\u30eb\u30d7\u30ec\u30df\u30a2\u30e0\u304c\u4e0a\u4e57\u305b\u3055\u308c\u305f\u3082\u306e\uff09\u304b\u3089\u5272\u308a\u5f15\u304f\u8003\u3048\u65b9\u3067\u3059\u3002<\/p>\n\n\n\n<p>\u4f1a\u793e\u6cd5\u306b\u304a\u3044\u3066\u3001\u682a\u5f0f\u4f1a\u793e\u306e\u610f\u601d\u6c7a\u5b9a\u306f\u539f\u5247\u3068\u3057\u3066\u300c\u682a\u4e3b\u7dcf\u4f1a\u3067\u306e\u591a\u6570\u6c7a\u300d\u306b\u3088\u3063\u3066\u884c\u308f\u308c\u307e\u3059\u3002\u305d\u306e\u305f\u3081\u3001\u767a\u884c\u6e08\u682a\u5f0f\u7dcf\u6570\u306e\u904e\u534a\u6570\uff0850%\u8d85\uff09\u30843\u5206\u306e2\u4ee5\u4e0a\u3092\u4fdd\u6709\u3059\u308b\u300c\u652f\u914d\u682a\u4e3b\u300d\u3068\u3001\u305d\u308c\u672a\u6e80\u3057\u304b\u6301\u305f\u306a\u3044\u300c\u5c11\u6570\u682a\u4e3b\u300d\u3068\u306e\u9593\u306b\u306f\u3001\u4f1a\u793e\u306b\u5bfe\u3059\u308b\u5f71\u97ff\u529b\u306b\u5929\u3068\u5730\u307b\u3069\u306e\u5dee\u304c\u751f\u307e\u308c\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u5177\u4f53\u7684\u306b\u306f\u3001\u5c11\u6570\u682a\u4e3b\u306f\u8b70\u6c7a\u6a29\u3092\u884c\u4f7f\u3057\u3066\u7d4c\u55b6\u306b\u5f71\u97ff\u3092\u4e0e\u3048\u3089\u308c\u306a\u3044\u305f\u3081\u3001\u305d\u306e\u5206\u3060\u3051\u4fa1\u5024\u304c\u4f4e\u6e1b\u3055\u308c\u308b\u3068\u8003\u3048\u3089\u308c\u307e\u3059\u3002\u3064\u307e\u308a\u3001\u540c\u30581\u682a\u3067\u3042\u3063\u3066\u3082\u3001\u300c\u4f1a\u793e\u306e\u8235\u53d6\u308a\u304c\u3067\u304d\u308b1\u682a\u300d\u3068\u300c\u305f\u3060\u4e57\u3063\u3066\u3044\u308b\u3060\u3051\u306e1\u682a\u300d\u3067\u306f\u3001\u7d4c\u6e08\u7684\u306a\u4fa1\u5024\u304c\u7570\u306a\u308b\u3068\u8a55\u4fa1\u3055\u308c\u308b\u306e\u3067\u3059\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">\u652f\u914d\u682a\u4e3b\u3068\u5c11\u6570\u682a\u4e3b\u306e\u6c7a\u5b9a\u7684\u306a\u6a29\u5229\u306e\u5dee<\/h4>\n\n\n\n<p>\u306a\u305c\u305d\u3053\u307e\u3067\u4fa1\u5024\u306b\u5dee\u304c\u51fa\u308b\u306e\u3067\u3057\u3087\u3046\u304b\u3002\u305d\u308c\u306f\u3001\u5c11\u6570\u682a\u4e3b\u304c\u4ee5\u4e0b\u306e\u3088\u3046\u306a\u91cd\u8981\u306a\u6a29\u5229\u3092\u5358\u72ec\u3067\u884c\u4f7f\u3067\u304d\u306a\u3044\u304b\u3089\u3067\u3059\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u53d6\u7de0\u5f79\u306e\u9078\u4efb\u30fb\u89e3\u4efb<\/strong>: \u7d4c\u55b6\u9663\u3092\u8ab0\u306b\u3059\u308b\u304b\u6c7a\u3081\u3089\u308c\u307e\u305b\u3093\u3002<\/li>\n\n\n\n<li><strong>M&amp;A\u3084\u7d44\u7e54\u518d\u7de8\u306e\u6c7a\u5b9a<\/strong>: \u5408\u4f75\u3084\u4e8b\u696d\u8b72\u6e21\u306a\u3069\u306e\u91cd\u8981\u306a\u610f\u601d\u6c7a\u5b9a\u306b\u95a2\u4e0e\u3067\u304d\u307e\u305b\u3093\u3002<\/li>\n\n\n\n<li><strong>\u914d\u5f53\u653f\u7b56\u306e\u6c7a\u5b9a<\/strong>: \u81ea\u5206\u306e\u6295\u8cc7\u306b\u5bfe\u3059\u308b\u30ea\u30bf\u30fc\u30f3\uff08\u914d\u5f53\uff09\u3092\u3044\u304f\u3089\u306b\u3059\u308b\u304b\u6c7a\u3081\u3089\u308c\u307e\u305b\u3093\u3002<\/li>\n\n\n\n<li><strong>\u5f79\u54e1\u5831\u916c\u306e\u6c7a\u5b9a<\/strong>: \u7d4c\u55b6\u8005\u306e\u7d66\u6599\u3092\u30b3\u30f3\u30c8\u30ed\u30fc\u30eb\u3067\u304d\u307e\u305b\u3093\u3002<\/li>\n<\/ul>\n\n\n\n<p>\u3053\u306e\u3088\u3046\u306b\u3001\u5c11\u6570\u682a\u4e3b\u306f\u4f1a\u793e\u306e\u7d4c\u55b6\u65b9\u91dd\u3084\u7ba1\u7406\u51e6\u5206\u6a29\u9650\u3092\u6301\u305f\u305a\u3001\u652f\u914d\u682a\u4e3b\u306e\u6c7a\u5b9a\u306b\u5f93\u308f\u3056\u308b\u3092\u5f97\u306a\u3044\u7acb\u5834\u306b\u3042\u308a\u307e\u3059\u3002\u3053\u306e\u300c\u7aae\u5c48\u3055\u300d\u3084\u300c\u30ea\u30b9\u30af\u300d\u3092\u4fa1\u683c\u306b\u53cd\u6620\u3055\u305b\u305f\u3082\u306e\u304c\u3001\u30de\u30a4\u30ce\u30ea\u30c6\u30a3\u30fb\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\u306a\u306e\u3067\u3059\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>\u5c02\u9580\u5bb6\u306e\u8996\u70b9\uff5cM&amp;A\u5b9f\u52d9\u306b\u304a\u3051\u308b\u89e3\u91c8<\/strong><\/h4>\n\n\n\n<p>\u5b9f\u52d9\u4e0a\u3001\u3053\u306e\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\u306f\u300c\u5acc\u304c\u3089\u305b\u300d\u3067\u4fa1\u683c\u3092\u4e0b\u3052\u3066\u3044\u308b\u308f\u3051\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u8cb7\u3044\u624b\uff08\u6295\u8cc7\u5bb6\uff09\u306e\u8996\u70b9\u306b\u7acb\u3064\u3068\u3001\u300c\u7d4c\u55b6\u306b\u53e3\u51fa\u3057\u3067\u304d\u306a\u3044\u682a\u300d\u3092\u3042\u3048\u3066\u9ad8\u5024\u3067\u8cb7\u3046\u5408\u7406\u7684\u306a\u7406\u7531\u306f\u4e4f\u3057\u3044\u305f\u3081\u3001\u5e02\u5834\u539f\u7406\u3068\u3057\u3066\u81ea\u7136\u306b\u767a\u751f\u3059\u308b\u4fa1\u683c\u5dee\u3060\u3068\u8a00\u3048\u307e\u3059\u3002\u7279\u306b\u4e2d\u5c0f\u4f01\u696d\u306eM&amp;A\u3067\u306f\u3001\u3053\u306e\u6a29\u5229\u306e\u6709\u7121\u304c\u8cb7\u53d6\u4fa1\u683c\u306b\u30c0\u30a4\u30ec\u30af\u30c8\u306b\u5f71\u97ff\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"has-arkb-anchor-color has-text-color has-link-color wp-elements-28dbd51ca6bd03821c58bd501450da81\">\u25b7\u95a2\u9023\uff1a<a href=\"https:\/\/mitsukijapan.com\/ma\/column\/enterprise-value\/\">\u4f01\u696d\u4fa1\u5024\u3068\u306f\uff5cEV\u30fb\u4e8b\u696d\u4fa1\u5024\u30fb\u682a\u5f0f\u4fa1\u5024\u3068\u306e\u9055\u3044\u3001\uff13\u3064\u306e\u8a55\u4fa1\u65b9\u6cd5<\/a><\/p>\n\n\n\n<h2 id=\"arkb-toc-2\" class=\"wp-block-heading\">\u5c11\u6570\u682a\u4e3b\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\u306e\u91cd\u8981\u30dd\u30a4\u30f3\u30c8\u3068\u8a08\u7b97\u306e\u4ed5\u7d44\u307f<\/h2>\n\n\n\n<p>\u30de\u30a4\u30ce\u30ea\u30c6\u30a3\u30fb\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\u3092\u6b63\u3057\u304f\u7406\u89e3\u3059\u308b\u305f\u3081\u306b\u306f\u3001\u305d\u306e\u5bfe\u7fa9\u8a9e\u3067\u3042\u308b\u300c<a href=\"https:\/\/mitsukijapan.com\/ma\/column\/what-are-the-reasons-and-benefits-of-paying-an-acquisition-premium-in-ma\/\" target=\"_blank\" rel=\"noreferrer noopener\"><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-arkb-anchor-color\">\u30b3\u30f3\u30c8\u30ed\u30fc\u30eb\u30d7\u30ec\u30df\u30a2\u30e0<\/mark><\/a>\u300d\u3068\u306e\u95a2\u4fc2\u6027\u3092\u77e5\u308b\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002\u3053\u3053\u3067\u306f\u3001\u5177\u4f53\u7684\u306a\u8a08\u7b97\u306e\u8003\u3048\u65b9\u3084\u9069\u7528\u3055\u308c\u308b\u5834\u9762\u3001\u5272\u5f15\u7387\u306e\u76ee\u5b89\u306b\u3064\u3044\u3066\u6398\u308a\u4e0b\u3052\u3066\u3044\u304d\u307e\u3059\u3002<\/p>\n\n\n\n<h3 id=\"arkb-toc-3\" class=\"wp-block-heading\">\u30b3\u30f3\u30c8\u30ed\u30fc\u30eb\u30d7\u30ec\u30df\u30a2\u30e0\u3068\u306e\u300c\u8868\u88cf\u4e00\u4f53\u300d\u306e\u95a2\u4fc2<\/h3>\n\n\n\n<p>\u5c11\u6570\u682a\u4e3b\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\u306f\u3001\u652f\u914d\u6a29\u306e\u4fa1\u5024\u3067\u3042\u308b\u300c\u30b3\u30f3\u30c8\u30ed\u30fc\u30eb\u30d7\u30ec\u30df\u30a2\u30e0\u300d\u3068\u8868\u88cf\u4e00\u4f53\u306e\u95a2\u4fc2\u306b\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u30b3\u30f3\u30c8\u30ed\u30fc\u30eb\u30d7\u30ec\u30df\u30a2\u30e0<\/strong>: \u652f\u914d\u6a29\u3092\u7372\u5f97\u3059\u308b\u305f\u3081\u306b\u3001\u682a\u5f0f\u306e\u6642\u4fa1\u306b\u4e0a\u4e57\u305b\u3057\u3066\u652f\u6255\u3046\u4fa1\u5024\uff08\u30d7\u30e9\u30b9\u306e\u4fa1\u5024\uff09<\/li>\n\n\n\n<li><strong>\u30de\u30a4\u30ce\u30ea\u30c6\u30a3\u30fb\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8<\/strong>: \u652f\u914d\u6a29\u304c\u306a\u3044\u3053\u3068\u306b\u3088\u308b\u4fa1\u5024\u306e\u6e1b\u5c11\uff08\u30de\u30a4\u30ca\u30b9\u306e\u4fa1\u5024\uff09<\/li>\n<\/ul>\n\n\n\n<p>\u3064\u307e\u308a\u3001\u4f1a\u793e\u306e\u4fa1\u5024\uff08\u652f\u914d\u682a\u4e3b\u4fa1\u5024\uff09\u304b\u3089\u5c11\u6570\u682a\u4e3b\u4fa1\u5024\u3092\u7b97\u5b9a\u3059\u308b\u969b\u306b\u3001\u3053\u306e\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\u304c\u9069\u7528\u3055\u308c\u308b\u306e\u3067\u3059\u3002<\/p>\n\n\n\n<p>\u6570\u5f0f\u3067\u8868\u3059\u3068\u4ee5\u4e0b\u306e\u3088\u3046\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"has-large-font-size\">\u5c11\u6570\u682a\u4e3b\u4fa1\u5024 = \u652f\u914d\u682a\u4e3b\u4fa1\u5024 \u00d7 \uff081\u2212\u30de\u30a4\u30ce\u30ea\u30c6\u30a3\u30fb\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\u7387\uff09<\/p>\n\n\n\n<p>\u307e\u305f\u3001\u30de\u30a4\u30ce\u30ea\u30c6\u30a3\u30fb\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\u306f\u3001\u30b3\u30f3\u30c8\u30ed\u30fc\u30eb\u30d7\u30ec\u30df\u30a2\u30e0\u306e\u9006\u6570\u3068\u3057\u3066\u6c42\u3081\u3089\u308c\u308b\u3053\u3068\u304c\u4e00\u822c\u7684\u3067\u3059\u3002<\/p>\n\n\n\n<h3 id=\"arkb-toc-4\" class=\"wp-block-heading\">\u5272\u5f15\u7387\u306e\u76ee\u5b89\u3068\u8a08\u7b97\u4f8b<\/h3>\n\n\n\n<p>\u3067\u306f\u3001\u5177\u4f53\u7684\u306b\u3069\u306e\u7a0b\u5ea6\u5272\u5f15\u3055\u308c\u308b\u306e\u3067\u3057\u3087\u3046\u304b\u3002 \u6848\u4ef6\u3054\u3068\u306b\u7570\u306a\u308a\u3001\u4e00\u5f8b\u306e\u30eb\u30fc\u30eb\u306f\u3042\u308a\u307e\u305b\u3093\u304c\u3001\u5b9f\u52d9\u4e0a\u306f <strong>20\uff5e40%\u7a0b\u5ea6<\/strong> \u304c\u76ee\u5b89\u3068\u3055\u308c\u308b\u5834\u5408\u304c\u591a\u3044\u3067\u3059\u3002<\/p>\n\n\n\n<p>\u3053\u3053\u3067\u3001\u30b3\u30f3\u30c8\u30ed\u30fc\u30eb\u30d7\u30ec\u30df\u30a2\u30e0\u304b\u3089\u30de\u30a4\u30ce\u30ea\u30c6\u30a3\u30fb\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\u3092\u5c0e\u304d\u51fa\u3059\u5177\u4f53\u7684\u306a\u8a08\u7b97\u4f8b\u3092\u898b\u3066\u307f\u307e\u3057\u3087\u3046\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>\u3010\u8a08\u7b97\u4f8b\uff1aTOB\u30d7\u30ec\u30df\u30a2\u30e0\u3092\u53c2\u8003\u306b\u3057\u305f\u5834\u5408\u3011<\/strong><\/h4>\n\n\n\n<p><a href=\"https:\/\/mitsukijapan.com\/ma\/column\/tob-ma-methods-merit-scheme-framework\/\" target=\"_blank\" rel=\"noreferrer noopener\"><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-arkb-anchor-color\">TOB\uff08\u682a\u5f0f\u516c\u958b\u8cb7\u4ed8\uff09<\/mark><\/a>\u306b\u304a\u3051\u308b\u30d7\u30ec\u30df\u30a2\u30e0\u306e\u5e73\u5747\u5024\u304c30%\u7a0b\u5ea6\u3067\u3042\u3063\u305f\u3068\u4eee\u5b9a\u3057\u307e\u3059\u3002\u3053\u306e30%\u304c\u30b3\u30f3\u30c8\u30ed\u30fc\u30eb\u30d7\u30ec\u30df\u30a2\u30e0\u306b\u76f8\u5f53\u3059\u308b\u3068\u8003\u3048\u305f\u5834\u5408\u3001\u30de\u30a4\u30ce\u30ea\u30c6\u30a3\u30fb\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\u7387\u306f\u4ee5\u4e0b\u306e\u3088\u3046\u306b\u8a08\u7b97\u3055\u308c\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"has-large-font-size\">\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\u7387 = 30%\u200b \u00f7\uff08100%+30%\uff09\u2252 23%<\/p>\n\n\n\n<p>\u3053\u306e\u3088\u3046\u306b\u3001\u3082\u3057\u652f\u914d\u6a29\u306b30%\u306e\u30d7\u30ec\u30df\u30a2\u30e0\u304c\u3064\u304f\u306a\u3089\u3070\u3001\u9006\u306b\u5c11\u6570\u682a\u4e3b\u306e\u6301\u5206\u306f\u7d0423%\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\u3055\u308c\u3066\u8a55\u4fa1\u3055\u308c\u308b\u3001\u3068\u3044\u3046\u8ad6\u7406\u304c\u6210\u308a\u7acb\u3061\u307e\u3059\u3002<\/p>\n\n\n\n<h3 id=\"arkb-toc-5\" class=\"wp-block-heading\">\u8a55\u4fa1\u624b\u6cd5\u306b\u3088\u308b\u9069\u7528\u306e\u9055\u3044\uff08DCF\u6cd5\u3067\u306e\u6ce8\u610f\u70b9\uff09<\/h3>\n\n\n\n<p>\u4f01\u696d\u4fa1\u5024\u8a55\u4fa1\u306e\u624b\u6cd5\u306b\u3088\u3063\u3066\u3001\u30de\u30a4\u30ce\u30ea\u30c6\u30a3\u30fb\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\u3092\u8003\u616e\u3059\u3079\u304d\u304b\u3069\u3046\u304b\u304c\u7570\u306a\u308a\u307e\u3059\u3002\u7279\u306b\u6ce8\u610f\u304c\u5fc5\u8981\u306a\u306e\u304c\u3001\u30a4\u30f3\u30ab\u30e0\u30fb\u30a2\u30d7\u30ed\u30fc\u30c1\u306e\u4ee3\u8868\u683c\u3067\u3042\u308bDCF\u6cd5\u3067\u3059\u3002\u4e0b\u8868\u306f\u3001\u8a55\u4fa1\u624b\u6cd5\u5225\u306e\u30de\u30a4\u30ce\u30ea\u30c6\u30a3\u30fb\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\u9069\u7528\u306e\u8003\u3048\u65b9\u3092\u307e\u3068\u3081\u305f\u3082\u306e\u3067\u3059\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table><thead><tr><th><strong>\u8a55\u4fa1\u624b\u6cd5<\/strong><\/th><th><strong>\u5c11\u6570\u682a\u4e3b\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\u306e\u9069\u7528<\/strong><\/th><th><strong>\u7406\u7531\u30fb\u8003\u3048\u65b9<\/strong><\/th><\/tr><\/thead><tbody><tr><td><strong>DCF\u6cd5\uff08\u30a4\u30f3\u30ab\u30e0\u30fb\u30a2\u30d7\u30ed\u30fc\u30c1\uff09<\/strong><\/td><td>\u9069\u7528\u3059\u308b<\/td><td><a href=\"https:\/\/mitsukijapan.com\/ma\/column\/what-is-the-dcf-method\/\"><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-arkb-anchor-color\">DCF\u6cd5<\/mark><\/a>\u306f\u3001\u5c06\u6765\u306e\u4e8b\u696d\u8a08\u753b\u306b\u57fa\u3065\u3044\u3066\u4f01\u696d\u4fa1\u5024\u3092\u7b97\u51fa\u3057\u307e\u3059\u3002\u3053\u306e\u4e8b\u696d\u8a08\u753b\u306f\u901a\u5e38\u3001\u73fe\u7d4c\u55b6\u9663\u306e\u610f\u601d\u306b\u57fa\u3065\u3044\u3066\u7b56\u5b9a\u3055\u308c\u308b\u305f\u3081\u3001\u7b97\u51fa\u3055\u308c\u308b\u4fa1\u5024\u306b\u306f\u652f\u914d\u6a29\u306e\u4fa1\u5024\u304c\u3059\u3067\u306b\u542b\u307e\u308c\u3066\u3044\u308b\u3068\u8003\u3048\u3089\u308c\u307e\u3059\u3002\u3057\u305f\u304c\u3063\u3066\u3001DCF\u6cd5\u3067\u7b97\u51fa\u3057\u305f\u5168\u4f53\u306e\u4f01\u696d\u4fa1\u5024\u304b\u3089\u5c11\u6570\u682a\u4e3b\u306e\u6301\u5206\u3092\u7b97\u51fa\u3059\u308b\u5834\u5408\u3001\u30de\u30a4\u30ce\u30ea\u30c6\u30a3\u30fb\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\u3092\u9069\u7528\u3057\u3066\u6e1b\u984d\u8abf\u6574\u3092\u884c\u3046\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002<\/td><\/tr><tr><td><strong>\u985e\u4f3c\u4f1a\u793e\u6bd4\u8f03\u6cd5\uff08\u30de\u30fc\u30b1\u30c3\u30c8\u30fb\u30a2\u30d7\u30ed\u30fc\u30c1\uff09<\/strong><\/td><td>\u9069\u7528\u3057\u306a\u3044<\/td><td><a href=\"https:\/\/mitsukijapan.com\/ma\/column\/comparablecompaniescomparison\/\"><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-arkb-anchor-color\">\u30de\u30eb\u30c1\u30d7\u30eb\u6cd5<\/mark><\/a>\u7b49\u3067\u53c2\u7167\u3059\u308b\u4e0a\u5834\u4f01\u696d\u306e\u682a\u4fa1\u306f\u3001\u4e00\u822c\u7684\u306b\u5c11\u6570\u682a\u4e3b\u540c\u58eb\u304c\u5e02\u5834\u3067\u58f2\u8cb7\u3057\u3066\u3044\u308b\u4fa1\u683c\u3067\u3059\u3002\u305d\u306e\u305f\u3081\u3001\u5e02\u5834\u682a\u4fa1\u306b\u306f\u3059\u3067\u306b\u30de\u30a4\u30ce\u30ea\u30c6\u30a3\u30fb\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\u304c\u7e54\u308a\u8fbc\u307e\u308c\u3066\u304a\u308a\u3001\u3053\u3053\u304b\u3089\u3055\u3089\u306b\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\u3092\u884c\u3046\u5fc5\u8981\u306f\u306a\u3044\uff08\u3042\u308b\u3044\u306f\u4e8c\u91cd\u8a08\u4e0a\u306b\u306a\u308b\uff09\u3068\u3044\u3046\u8003\u3048\u65b9\u304c\u4e00\u822c\u7684\u3067\u3059\u3002\u9006\u306b\u3001\u5e02\u5834\u682a\u4fa1\u3092\u30d9\u30fc\u30b9\u306b\u652f\u914d\u6a29\u3092\u53d6\u5f97\u3059\u308bM&amp;A\u3092\u884c\u3046\u5834\u5408\u306f\u3001\u30d7\u30ec\u30df\u30a2\u30e0\u3092\u4e0a\u4e57\u305b\u3059\u308b\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002<\/td><\/tr><tr><td><strong>\u7d14\u8cc7\u7523\u6cd5\uff08\u30b3\u30b9\u30c8\u30fb\u30a2\u30d7\u30ed\u30fc\u30c1\uff09<\/strong><\/td><td>\u9069\u7528\u3059\u308b<\/td><td>\u4f1a\u793e\u306e\u8cc7\u7523\u3084\u8ca0\u50b5\u3092\u6642\u4fa1\u8a55\u4fa1\u3057\u3066\u7d14\u8cc7\u7523\u984d\u3092\u51fa\u3059\u65b9\u6cd5\u3067\u3059\u3002\u8cc7\u7523\u306e\u51e6\u5206\u3084\u6d3b\u7528\u306f\u652f\u914d\u682a\u4e3b\u304c\u6c7a\u5b9a\u3067\u304d\u308b\u305f\u3081\u3001\u3053\u306e\u624b\u6cd5\u3067\u51fa\u3055\u308c\u305f\u4fa1\u5024\u3082\u652f\u914d\u682a\u4e3b\u4fa1\u5024\u3068\u307f\u306a\u3055\u308c\u3001\u5c11\u6570\u682a\u4e3b\u306e\u8a55\u4fa1\u306b\u304a\u3044\u3066\u306f\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\u306e\u5bfe\u8c61\u3068\u306a\u308b\u3053\u3068\u304c\u3042\u308a\u307e\u3059\u3002<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>\u5c02\u9580\u5bb6\u306e\u8996\u70b9\uff5c\u8a55\u4fa1\u5b9f\u52d9\u306e\u843d\u3068\u3057\u7a74<\/strong><\/h4>\n\n\n\n<p>\u300cDCF\u6cd5\u3067\u51fa\u3057\u305f\u682a\u4fa1\u3060\u304b\u3089\u6b63\u3057\u3044\u300d\u3068\u4e3b\u5f35\u3057\u3066\u3082\u3001\u305d\u308c\u304c\u5c11\u6570\u682a\u4e3b\u306e\u8cb7\u53d6\u4fa1\u683c\u3068\u3057\u3066\u63d0\u793a\u3055\u308c\u305f\u5834\u5408\u3001\u8cb7\u3044\u624b\u5074\u304b\u3089\u300c\u305d\u308c\u306f\u652f\u914d\u6a29\u304c\u3042\u308b\u524d\u63d0\u306e\u4fa1\u683c\u3067\u3059\u3088\u306d\uff1f\u300d\u3068\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\u3092\u4e3b\u5f35\u3055\u308c\u308b\u306e\u304cM&amp;A\u306e\u5e38\u8b58\u3067\u3059\u3002\u3069\u306e\u8a55\u4fa1\u624b\u6cd5\u304c\u30d9\u30fc\u30b9\u306b\u306a\u3063\u3066\u3044\u308b\u304b\u3092\u898b\u6975\u3081\u308b\u3053\u3068\u304c\u3001\u9069\u6b63\u4fa1\u683c\u3092\u77e5\u308b\u7b2c\u4e00\u6b69\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"has-arkb-anchor-color has-text-color has-link-color wp-elements-0a0495d9ba35254bfd42185be4c244d3\">\u25b7\u95a2\u9023\uff1a<a href=\"https:\/\/mitsukijapan.com\/ma\/column\/valuation\/\">\u4f01\u696d\u4fa1\u5024\u8a55\u4fa1\u3068\u306f\uff1f\u8a08\u7b97\u65b9\u6cd5\u30fbM&amp;A\u3067\u306e\u30d0\u30ea\u30e5\u30a8\u30fc\u30b7\u30e7\u30f3\u624b\u6cd5\u3092\u89e3\u8aac<\/a><\/p>\n\n\n\n<h2 id=\"arkb-toc-6\" class=\"wp-block-heading\">\u95a2\u9023\u3059\u308b\u300c\u975e\u6d41\u52d5\u6027\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\u300d\u3068\u306e\u9055\u3044\u3068\u4f75\u7528<\/h2>\n\n\n\n<p>\u30de\u30a4\u30ce\u30ea\u30c6\u30a3\u30fb\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\u3068\u4e26\u3093\u3067\u3001\u975e\u4e0a\u5834\u4f01\u696d\u306e\u682a\u4fa1\u8a55\u4fa1\u3067\u983b\u51fa\u3059\u308b\u306e\u304c\u300c\u975e\u6d41\u52d5\u6027\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\u300d\u3067\u3059\u3002\u3053\u308c\u3089\u306f\u6df7\u540c\u3055\u308c\u304c\u3061\u3067\u3059\u304c\u3001\u5168\u304f\u7570\u306a\u308b\u6982\u5ff5\u3067\u3042\u308a\u3001\u5b9f\u52d9\u3067\u306f\u300c\u30c0\u30d6\u30eb\u3067\u9069\u7528\u3055\u308c\u308b\u300d\u3053\u3068\u3082\u73cd\u3057\u304f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n\n\n\n<h3 id=\"arkb-toc-7\" class=\"wp-block-heading\">\u975e\u6d41\u52d5\u6027\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\u3068\u306f<\/h3>\n\n\n\n<p>\u975e\u6d41\u52d5\u6027\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\u3068\u306f\u3001\u975e\u4e0a\u5834\u682a\u5f0f\u306e\u3088\u3046\u306b\u5e02\u5834\u3067\u58f2\u8cb7\u3057\u306b\u304f\u304f\u3001\u63db\u91d1\u306b\u30b3\u30b9\u30c8\u3084\u624b\u9593\u304c\u304b\u304b\u308b\u5834\u5408\u306b\u3001\u305d\u306e\u6d41\u52d5\u6027\u306e\u4f4e\u3055\u304b\u3089\u8a55\u4fa1\u984d\u3092\u5272\u308a\u5f15\u304f\u8003\u3048\u65b9\u3067\u3059\u3002 \u4e0a\u5834\u682a\u5f0f\u3067\u3042\u308c\u3070\u8a3c\u5238\u53d6\u5f15\u6240\u3067\u3059\u3050\u306b\u73fe\u91d1\u5316\u3067\u304d\u307e\u3059\u304c\u3001\u975e\u4e0a\u5834\u682a\u5f0f\u306f\u8cb7\u3044\u624b\u3092\u81ea\u5206\u3067\u63a2\u3055\u306a\u3051\u308c\u3070\u306a\u3089\u305a\u3001\u58f2\u5374\u307e\u3067\u306b\u9577\u3044\u6642\u9593\u3068\u52b4\u529b\uff08\u30b3\u30b9\u30c8\uff09\u304c\u304b\u304b\u308a\u307e\u3059\u3002\u3053\u306e\u300c\u63db\u91d1\u306e\u3057\u306b\u304f\u3055\u300d\u3092\u4fa1\u5024\u306e\u6e1b\u984d\u3068\u3057\u3066\u53cd\u6620\u3055\u305b\u307e\u3059\u3002<\/p>\n\n\n\n<h3 id=\"arkb-toc-8\" class=\"wp-block-heading\">\uff12\u3064\u306e\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\u306e\u9055\u3044<\/h3>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table><thead><tr><th>\u9805\u76ee<\/th><th>\u5c11\u6570\u682a\u4e3b\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8<\/th><th>\u975e\u6d41\u52d5\u6027\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8<\/th><\/tr><\/thead><tbody><tr><td><strong>\u7740\u773c\u70b9<\/strong><\/td><td><strong>\u652f\u914d\u6a29\u306e\u6709\u7121<\/strong>\uff08\u7d4c\u55b6\u306b\u95a2\u4e0e\u3067\u304d\u308b\u304b\uff09<\/td><td><strong>\u63db\u91d1\u6027\u306e\u6709\u7121<\/strong>\uff08\u3059\u3050\u306b\u58f2\u308c\u308b\u304b\uff09<\/td><\/tr><tr><td><strong>\u5bfe\u8c61<\/strong><\/td><td>\u8b70\u6c7a\u6a29\u306e\u904e\u534a\u6570\u3092\u6301\u305f\u306a\u3044\u5c11\u6570\u682a\u4e3b<\/td><td>\u975e\u4e0a\u5834\u4f01\u696d\u306e\u682a\u5f0f\u5168\u822c\uff08\u652f\u914d\u682a\u4e3b\u3082\u542b\u3080\u5834\u5408\u3042\u308a\uff09<\/td><\/tr><tr><td><strong>\u7406\u7531<\/strong><\/td><td>\u7d4c\u55b6\u65b9\u91dd\u3092\u6c7a\u5b9a\u3067\u304d\u306a\u3044\u4e0d\u5229\u76ca<\/td><td>\u8cb7\u3044\u624b\u63a2\u3057\u3084\u63db\u91d1\u306b\u30b3\u30b9\u30c8\u304c\u304b\u304b\u308b\u4e0d\u5229\u76ca<\/td><\/tr><tr><td><strong>\u5272\u5f15\u7387\u76ee\u5b89<\/strong><\/td><td>20\uff5e40%\u7a0b\u5ea6<\/td><td>30%\u524d\u5f8c\uff08\u72b6\u6cc1\u306b\u3088\u308b\uff09<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 id=\"arkb-toc-9\" class=\"wp-block-heading\">\u300c\u30c0\u30d6\u30eb\u30d1\u30f3\u30c1\u300d\u3067\u8a55\u4fa1\u984d\u304c\u4e0b\u304c\u308b\u4ed5\u7d44\u307f<\/h3>\n\n\n\n<p>\u975e\u4e0a\u5834\u4f01\u696d\u306e\u5c11\u6570\u682a\u5f0f\u3092\u8a55\u4fa1\u3059\u308b\u5834\u5408\u3001\u3053\u308c\u30892\u3064\u306e\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\u306f\u4f75\u7528\u3055\u308c\u308b\u3053\u3068\u304c\u3042\u308a\u307e\u3059\u3002 \u4f8b\u3048\u3070\u3001DCF\u6cd5\u3067\u7b97\u51fa\u3057\u305f\u4f01\u696d\u4fa1\u5024\u306b\u5bfe\u3057\u3001\u307e\u305a\u30de\u30a4\u30ce\u30ea\u30c6\u30a3\u30fb\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\u3092\u884c\u3044\u3001\u305d\u3053\u304b\u3089\u3055\u3089\u306b\u975e\u6d41\u52d5\u6027\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\u3092\u884c\u3046\u3068\u3044\u3046\u624b\u9806\u3067\u3059\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>\u3010\u8a08\u7b97\u30a4\u30e1\u30fc\u30b8\u3011<\/strong><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u672c\u6765\u306e1\u682a\u4fa1\u5024\uff1a10,000\u5186<\/li>\n\n\n\n<li>\u30de\u30a4\u30ce\u30ea\u30c6\u30a3\u30fb\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\uff0830%\uff09\uff1a\u25b23,000\u5186 \u2192 \u6b8b7,000\u5186<\/li>\n\n\n\n<li>\u975e\u6d41\u52d5\u6027\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\uff0830%\uff09\uff1a7,000\u5186 \u00d7 30% = \u25b22,100\u5186<\/li>\n\n\n\n<li><strong>\u6700\u7d42\u8a55\u4fa1\u984d\uff1a4,900\u5186<\/strong><\/li>\n<\/ul>\n\n\n\n<p>\u3053\u306e\u3088\u3046\u306b\u30012\u3064\u306e\u8981\u7d20\u304c\u91cd\u306a\u308b\u3068\u3001\u7406\u8ad6\u4e0a\u306e\u4fa1\u5024\u304b\u3089\u534a\u5024\u4ee5\u4e0b\u306b\u306a\u308b\u3053\u3068\u3082\u3042\u308a\u5f97\u307e\u3059\u3002\u3053\u308c\u304c\u3001\u975e\u4e0a\u5834\u4f01\u696d\u306e\u5c11\u6570\u682a\u5f0f\u306e\u58f2\u5374\u304c\u96e3\u3057\u3044\u3068\u8a00\u308f\u308c\u308b\u91d1\u92ad\u7684\u306a\u7406\u7531\u306e\u4e00\u3064\u3067\u3059\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">\u88c1\u5224\u306b\u304a\u3051\u308b\u5224\u65ad\uff08\u6cd5\u7684\u8996\u70b9\uff09<\/h4>\n\n\n\n<p>\u3053\u306e\u975e\u6d41\u52d5\u6027\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\u304c\u8a8d\u3081\u3089\u308c\u308b\u304b\u3069\u3046\u304b\u306f\u3001\u88c1\u5224\u3067\u3082\u4e89\u70b9\u306b\u306a\u308a\u307e\u3059\u3002\u6700\u9ad8\u88c1\u306e\u5224\u4f8b\u3084\u8fd1\u5e74\u306e\u50be\u5411\u3092\u898b\u308b\u3068\u3001\u300c\u3069\u306e\u3088\u3046\u306a\u76ee\u7684\u3067\u682a\u4fa1\u3092\u7b97\u5b9a\u3059\u308b\u304b\u300d\u306b\u3088\u3063\u3066\u5224\u65ad\u304c\u5206\u304b\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<h5 class=\"wp-block-heading\">1. <strong>\u53cd\u5bfe\u682a\u4e3b\u306e\u682a\u5f0f\u8cb7\u53d6\u8acb\u6c42\uff08\u4f1a\u793e\u6cd5785\u6761\u306a\u3069\uff09<\/strong><\/h5>\n\n\n\n<p>\u4f1a\u793e\u5074\u306e\u4e8b\u60c5\uff08\u5408\u4f75\u306a\u3069\uff09\u3067\u610f\u306b\u53cd\u3057\u3066\u8ffd\u3044\u51fa\u3055\u308c\u308b\u682a\u4e3b\u3092\u4fdd\u8b77\u3059\u308b\u305f\u3081\u3001\u975e\u6d41\u52d5\u6027\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\u3092\u884c\u3046\u3079\u304d\u3067\u306f\u306a\u3044\uff08\u3042\u308b\u3044\u306f\u9650\u5b9a\u7684\u3067\u3042\u308b\u3079\u304d\uff09\u3068\u3055\u308c\u308b\u50be\u5411\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<h5 class=\"wp-block-heading\">2. <strong>\u8b72\u6e21\u627f\u8a8d\u8acb\u6c42\uff08\u4f1a\u793e\u6cd5144\u6761\uff09<\/strong><\/h5>\n\n\n\n<p>\u682a\u4e3b\u304c\u81ea\u3089\u306e\u610f\u601d\u3067\u8b72\u6e21\u3092\u5e0c\u671b\u3057\u3066\u3044\u308b\u5834\u5408\u3001\u53d6\u5f15\u306e\u73fe\u5b9f\u6027\u3092\u8003\u616e\u3057\u3001\u975e\u6d41\u52d5\u6027\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\u3092\u884c\u3046\u3053\u3068\u306f\u8a31\u5bb9\u3055\u308c\u308b\uff08\u3080\u3057\u308d\u8003\u616e\u3059\u3079\u304d\uff09\u3068\u8003\u3048\u3089\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>\u5c02\u9580\u5bb6\u306e\u8996\u70b9\uff5c\u4ea4\u6e09\u6750\u6599\u3068\u3057\u3066\u306e\u6d3b\u7528<\/strong><\/h5>\n\n\n\n<p>\u300c\u5224\u4f8b\u3067\u306f\u975e\u6d41\u52d5\u6027\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\u304c\u8a8d\u3081\u3089\u308c\u306a\u3044\u30b1\u30fc\u30b9\u3082\u3042\u308b\u300d\u3068\u3044\u3046\u60c5\u5831\u306f\u3001\u58f2\u308a\u624b\uff08\u5c11\u6570\u682a\u4e3b\uff09\u306b\u3068\u3063\u3066\u5f37\u529b\u306a\u4ea4\u6e09\u30ab\u30fc\u30c9\u306b\u306a\u308a\u307e\u3059\u3002\u4e00\u65b9\u3001\u8cb7\u3044\u624b\u5074\u306f\u300c\u8b72\u6e21\u627f\u8a8d\u8acb\u6c42\u306e\u30b1\u30fc\u30b9\u306b\u8a72\u5f53\u3059\u308b\u300d\u3068\u3057\u3066\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\u3092\u4e3b\u5f35\u3057\u307e\u3059\u3002\u3069\u306e\u300c\u571f\u4ff5\u300d\u3067\u6226\u3063\u3066\u3044\u308b\u304b\u3092\u7406\u89e3\u3059\u308b\u3053\u3068\u304c\u91cd\u8981\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"has-arkb-anchor-color has-text-color has-link-color wp-elements-eb15f6cd650782ebcfa736f53935fbee\">\u25b7\u95a2\u9023\uff1a<a href=\"https:\/\/mitsukijapan.com\/ma\/column\/non-liquidity-discount\/\">\u975e\u6d41\u52d5\u6027\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\u3068\u306f\uff1fM&amp;A\u306e\u58f2\u5374\u4fa1\u683c\u3078\u306e\u5f71\u97ff\u3068\u5224\u4f8b\u3092\u89e3\u8aac<\/a><\/p>\n\n\n\n<h2 id=\"arkb-toc-10\" class=\"wp-block-heading\">\u5c11\u6570\u682a\u4e3b\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\u306e\u5b9f\u52d9\u306b\u304a\u3051\u308b\u91cd\u8981\u6027<\/h2>\n\n\n\n<p>\u5c11\u6570\u682a\u4e3b\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\u306f\u3001\u5358\u306a\u308b\u8a08\u7b97\u4e0a\u306e\u8abf\u6574\u9805\u76ee\u3067\u306f\u306a\u304f\u3001\u682a\u5f0f\u8a55\u4fa1\u306e\u5b9f\u52d9\u306b\u304a\u3044\u3066\u3001\u4f01\u696d\u306e\u652f\u914d\u6a29\u306e\u6709\u7121\u306b\u3088\u308b\u4fa1\u5024\u306e\u5dee\u3092\u9069\u6b63\u306b\u53cd\u6620\u3055\u305b\u308b\u305f\u3081\u306b\u6975\u3081\u3066\u91cd\u8981\u306a\u6982\u5ff5\u3067\u3059\u3002<\/p>\n\n\n\n<h3 id=\"arkb-toc-11\" class=\"wp-block-heading\">M&amp;A\u3084\u4e8b\u696d\u627f\u7d99\u3067\u306e\u9069\u7528\u5834\u9762<\/h3>\n\n\n\n<p>\u5c11\u6570\u682a\u4e3b\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\u306f\u3001\u5177\u4f53\u7684\u306b\u306f\u4e0b\u8868\u306e\u3088\u3046\u306a\u5834\u9762\u3067\u9069\u7528\u3055\u308c\u3001\u53d6\u5f15\u4fa1\u683c\u3092\u5de6\u53f3\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table><thead><tr><th><strong>\u9069\u7528\u5834\u9762<\/strong><\/th><th><strong>\u5177\u4f53\u7684\u306a\u72b6\u6cc1<\/strong><\/th><th><strong>\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\u306e\u5f71\u97ff<\/strong><\/th><\/tr><\/thead><tbody><tr><td><strong>M&amp;A\uff08\u5c11\u6570\u6301\u5206\u306e\u8cb7\u53ce\uff09<\/strong><\/td><td>\u8cb7\u3044\u624b\u304c\u3059\u3067\u306b\u904e\u534a\u6570\u3092\u63e1\u3063\u3066\u304a\u308a\u3001\u6b8b\u308a\u306e\u682a\u5f0f\u3092\u8cb7\u3044\u96c6\u3081\u308b\u5834\u5408\u3067\u3059\u3002<\/td><td>\u5c11\u6570\u682a\u4e3b\u306b\u5bfe\u3057\u3066\u63d0\u793a\u3055\u308c\u308b\u4fa1\u683c\u306b\u306f\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\u304c\u9069\u7528\u3055\u308c\u308b\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u3002\u652f\u914d\u6a29\u3092\u6301\u305f\u306a\u3044\u682a\u5f0f\u3067\u3042\u308b\u305f\u3081\u3001\u8a55\u4fa1\u984d\u304c\u6e1b\u984d\u3055\u308c\u307e\u3059\u3002<\/td><\/tr><tr><td><strong>\u975e\u516c\u958b\u5316\uff08\u30b9\u30af\u30a4\u30fc\u30ba\u30a2\u30a6\u30c8\uff09<\/strong><\/td><td>\u4e0a\u5834\u4f01\u696d\u304cMBO\u306a\u3069\u3067\u975e\u516c\u958b\u5316\u3059\u308b\u969b\u3001\u9000\u51fa\u3055\u305b\u3089\u308c\u308b\u5c11\u6570\u682a\u4e3b\u306e\u682a\u5f0f\u8a55\u4fa1\u304c\u884c\u308f\u308c\u307e\u3059\u3002<\/td><td>\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\u306e\u662f\u975e\u304c\u4e89\u70b9\u3068\u306a\u308a\u307e\u3059\u3002\u305f\u3060\u3057\u3001\u4f1a\u793e\u5074\u306e\u4e8b\u60c5\u3067\u9000\u51fa\u3092\u4f59\u5100\u306a\u304f\u3055\u308c\u308b\u5834\u5408\u306f\u3001\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\u304c\u5426\u5b9a\u3055\u308c\u308b\u5224\u4f8b\u3082\u3042\u308a\u307e\u3059\u3002<\/td><\/tr><tr><td><strong>\u89aa\u65cf\u5916\u3078\u306e\u4e8b\u696d\u627f\u7d99<\/strong><\/td><td>\u5f8c\u7d99\u8005\u304c\u682a\u5f0f\u3092\u8cb7\u3044\u53d6\u308b\u969b\u3001\u652f\u914d\u6a29\u3092\u4f34\u308f\u306a\u3044\u4e00\u90e8\u8b72\u6e21\u304c\u884c\u308f\u308c\u308b\u5834\u5408\u3067\u3059\u3002<\/td><td>\u4f4e\u3044\u8a55\u4fa1\u984d\u3067\u306e\u8b72\u6e21\u304c\u7a0e\u52d9\u4e0a\u3082\u8a8d\u3081\u3089\u308c\u3084\u3059\u304f\u306a\u308b\u30b1\u30fc\u30b9\u304c\u3042\u308a\u307e\u3059\u3002\u305f\u3060\u3057\u3001\u7a0e\u52d9\u4e0a\u306e\u8a55\u4fa1\u306f\u8ca1\u7523\u8a55\u4fa1\u57fa\u672c\u901a\u9054\u7b49\u306b\u5f93\u3046\u305f\u3081\u3001\u5225\u9014\u5c02\u9580\u7684\u306a\u691c\u8a0e\u304c\u5fc5\u8981\u3067\u3059\u3002<\/td><\/tr><tr><td><strong>\u540c\u65cf\u682a\u4e3b\u9593\u306e\u58f2\u8cb7<\/strong><\/td><td>\u7d4c\u55b6\u6a29\u3092\u6301\u305f\u306a\u3044\u89aa\u65cf\u304c\u682a\u5f0f\u3092\u624b\u653e\u3059\u969b\u306e\u58f2\u8cb7\u3067\u3059\u3002<\/td><td>\u305d\u306e\u8a55\u4fa1\u984d\u3092\u5de1\u3063\u3066\u30c8\u30e9\u30d6\u30eb\u306b\u306a\u308b\u30b1\u30fc\u30b9\u304c\u591a\u767a\u3057\u307e\u3059\u3002\u652f\u914d\u6a29\u306e\u6709\u7121\u306b\u3088\u3063\u3066\u8a55\u4fa1\u984d\u304c\u5927\u304d\u304f\u7570\u306a\u308b\u305f\u3081\u3001\u614e\u91cd\u306a\u5bfe\u5fdc\u304c\u5fc5\u8981\u3067\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-733e248343c4b5d40e5d439760a71e7c\">\u25b7\u95a2\u9023\uff1a<a href=\"https:\/\/mitsukijapan.com\/ma\/column\/how-to-calculate-the-price\/\">\u81ea\u793e\u682a\u5f0f\u3092\u8b72\u6e21\u3059\u308b\u3068\u304d\u306e\u4fa1\u683c\u306f\uff1f\u7a0e\u52d9\u4e0a\u306e\u6642\u4fa1\u3068M&amp;A\u682a\u4fa1\u306e\u9055\u3044<\/a><\/p>\n\n\n\n<h3 id=\"arkb-toc-12\" class=\"wp-block-heading\">\u300c\u4e00\u7269\u4e8c\u4fa1\u300d\u3092\u53d7\u3051\u5165\u308c\u308b<\/h3>\n\n\n\n<p>M&amp;A\u306e\u4e16\u754c\u3067\u306f\u3001\u540c\u3058\u4f1a\u793e\u306e\u682a\u5f0f\u3067\u3042\u3063\u3066\u3082\u3001\u300c\u8ab0\u304c\u6301\u3064\u304b\u300d\u300c\u4f55\uff05\u6301\u3064\u304b\u300d\u306b\u3088\u3063\u3066\u4fa1\u5024\u304c\u5909\u308f\u308b\u300c\u4e00\u7269\u4e8c\u4fa1\uff08\u3042\u308b\u3044\u306f\u591a\u4fa1\uff09\u300d\u304c\u5f53\u305f\u308a\u524d\u3067\u3059\u3002 \u5c11\u6570\u682a\u4e3b\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\u306f\u3001\u300c\u652f\u914d\u6a29\u306e\u4fa1\u5024\u300d\u3092\u6570\u5b57\u306b\u843d\u3068\u3057\u8fbc\u3080\u305f\u3081\u306e\u5171\u901a\u8a00\u8a9e\u3067\u3059\u3002<\/p>\n\n\n\n<p>\u58f2\u308a\u624b\u3068\u3057\u3066\u306f\u300c\u5b89\u304f\u8cb7\u3044\u53e9\u304b\u308c\u3066\u3044\u308b\u300d\u3068\u611f\u3058\u308b\u304b\u3082\u3057\u308c\u307e\u305b\u3093\u304c\u3001\u8cb7\u3044\u624b\u304b\u3089\u3059\u308c\u3070\u300c\u7d4c\u55b6\u306b\u95a2\u4e0e\u3067\u304d\u306a\u3044\u30ea\u30b9\u30af\u5206\u3092\u5dee\u3057\u5f15\u3044\u3066\u3044\u308b\u300d\u3068\u3044\u3046\u5408\u7406\u7684\u306a\u4e3b\u5f35\u3067\u3059\u3002\u3053\u306e\u30ae\u30e3\u30c3\u30d7\u3092\u57cb\u3081\u308b\u305f\u3081\u306b\u306f\u3001\u53cc\u65b9\u304c\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\u306e\u6839\u62e0\uff08\u5272\u5f15\u7387\u306e\u59a5\u5f53\u6027\u306a\u3069\uff09\u3092\u5ba2\u89b3\u7684\u306a\u30c7\u30fc\u30bf\u306b\u57fa\u3065\u3044\u3066\u5354\u8b70\u3059\u308b\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<h3 id=\"arkb-toc-13\" class=\"wp-block-heading\"><strong>\u5c02\u9580\u5bb6\u306e\u8996\u70b9\uff5c\u7d0d\u5f97\u611f\u306e\u3042\u308b\u5408\u610f\u306e\u305f\u3081\u306b<\/strong><\/h3>\n\n\n\n<p>\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\u306e\u9069\u7528\u6709\u7121\u3084\u305d\u306e\u5e45\uff0820%\u306a\u306e\u304b40%\u306a\u306e\u304b\uff09\u306b\u3001\u7d76\u5bfe\u7684\u306a\u6b63\u89e3\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u3060\u304b\u3089\u3053\u305d\u3001\u4ea4\u6e09\u529b\u304c\u554f\u308f\u308c\u307e\u3059\u3002\u58f2\u308a\u624b\u3067\u3042\u308c\u3070\u300c\u4f1a\u793e\u306f\u5b89\u5b9a\u914d\u5f53\u3092\u51fa\u3057\u3066\u304a\u308a\u3001\u5c11\u6570\u682a\u4e3b\u306e\u4e0d\u5229\u76ca\u306f\u5c11\u306a\u3044\u300d\u3068\u4e3b\u5f35\u3057\u3066\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\u5e45\u3092\u7e2e\u5c0f\u3055\u305b\u308b\u306a\u3069\u3001\u4f1a\u793e\u306e\u500b\u5225\u306e\u4e8b\u60c5\u3092\u52a0\u5473\u3057\u305f\u4ea4\u6e09\u304c\u53ef\u80fd\u3067\u3059\u3002<\/p>\n\n\n\n<h2 id=\"arkb-toc-14\" class=\"wp-block-heading\">\u5c11\u6570\u682a\u4e3b\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\u306b\u95a2\u3059\u308bFAQ<\/h2>\n\n\n\n<p>\u5c11\u6570\u682a\u4e3b\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\u306b\u95a2\u3057\u3066\u3001\u3088\u304f\u3042\u308b\u8cea\u554f\u3092\u307e\u3068\u3081\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1756954358490\"><strong class=\"schema-faq-question\"><strong><span class=\"arkb-fz arkb-fz-l\">Q\uff1a\u30de\u30a4\u30ce\u30ea\u30c6\u30a3\u30fb\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\u306e\u5272\u5f15\u7387\u306f\u5177\u4f53\u7684\u306b\u4f55\uff05\u304f\u3089\u3044\u3067\u3059\u304b\uff1f<\/span><\/strong><\/strong> <p class=\"schema-faq-answer\">\u4e00\u822c\u7684\u306b\u306f 20\uff05\uff5e40\uff05\u7a0b\u5ea6 \u304c\u76ee\u5b89\u3068\u3055\u308c\u3066\u3044\u307e\u3059\u3002\u305f\u3060\u3057\u3001\u4f01\u696d\u306e\u696d\u7a2e\u3001\u53ce\u76ca\u6027\u3001\u652f\u914d\u682a\u4e3b\u3068\u306e\u95a2\u4fc2\u6027\u3001\u5b9a\u6b3e\u306e\u5b9a\u3081\uff08\u8b72\u6e21\u5236\u9650\u306e\u6709\u7121\u306a\u3069\uff09\u306b\u3088\u3063\u3066\u5909\u52d5\u3057\u307e\u3059\u3002\u307e\u305f\u3001TOB\u30d7\u30ec\u30df\u30a2\u30e0\u306e\u9006\u7b97\u304b\u3089\u7d0423%\uff5e30%\u7a0b\u5ea6\u3068\u3044\u3046\u6570\u5b57\u304c\u53c2\u7167\u3055\u308c\u308b\u3053\u3068\u3082\u3042\u308a\u307e\u3059\u3002\u4e00\u5f8b\u306b\u6c7a\u307e\u3063\u3066\u3044\u308b\u308f\u3051\u3067\u306f\u306a\u3044\u305f\u3081\u3001\u500b\u5225\u306e\u9451\u5b9a\u8a55\u4fa1\u304c\u5fc5\u8981\u3067\u3059\u3002<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1756954418692\"><strong class=\"schema-faq-question\"><strong><span class=\"arkb-fz arkb-fz-l\">Q\uff1a\u3069\u306e\u3088\u3046\u306a\u8a55\u4fa1\u624b\u6cd5\u3092\u4f7f\u3063\u305f\u6642\u306b\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\u304c\u5fc5\u8981\u3067\u3059\u304b\uff1f<\/span><\/strong><\/strong> <p class=\"schema-faq-answer\">\u4e3b\u306b DCF\u6cd5\uff08\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\u30fb\u30ad\u30e3\u30c3\u30b7\u30e5\u30fb\u30d5\u30ed\u30fc\u6cd5\uff09 \u3084 \u7d14\u8cc7\u7523\u6cd5\uff08\u6642\u4fa1\u7d14\u8cc7\u7523\u6cd5\uff09 \u3092\u7528\u3044\u305f\u5834\u5408\u306b\u9069\u7528\u304c\u691c\u8a0e\u3055\u308c\u307e\u3059\u3002\u3053\u308c\u3089\u306f\u57fa\u672c\u7684\u306b\u300c\u652f\u914d\u6a29\u3092\u6301\u3063\u3066\u3044\u308b\u4eba\u304c\u4f1a\u793e\u3092\u81ea\u7531\u306b\u52d5\u304b\u305b\u308b\u524d\u63d0\u300d\u3067\u4fa1\u5024\u3092\u7b97\u51fa\u3059\u308b\u305f\u3081\u3001\u305d\u3053\u304b\u3089\u300c\u652f\u914d\u6a29\u304c\u306a\u3044\u5206\u300d\u3092\u5dee\u3057\u5f15\u304f\u5fc5\u8981\u304c\u3042\u308b\u304b\u3089\u3067\u3059\u3002\u4e00\u65b9\u3001\u5e02\u5834\u682a\u4fa1\u3092\u30d9\u30fc\u30b9\u306b\u3059\u308b\u985e\u4f3c\u4f1a\u793e\u6bd4\u8f03\u6cd5\u3067\u306f\u3001\u901a\u5e38\u306f\u9069\u7528\u3057\u307e\u305b\u3093\u3002<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1768017963658\"><strong class=\"schema-faq-question\"><strong><span class=\"arkb-fz arkb-fz-l\">Q\uff1a\u975e\u4e0a\u5834\u306e\u5c11\u6570\u682a\u5f0f\u3092\u58f2\u5374\u3057\u305f\u3044\u306e\u3067\u3059\u304c\u3001\u5fc5\u305a\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\u3055\u308c\u307e\u3059\u304b\uff1f<\/span><\/strong><\/strong> <p class=\"schema-faq-answer\">\u8cb7\u3044\u624b\u3068\u306e\u4ea4\u6e09\u6b21\u7b2c\u3067\u3059\u304c\u3001\u5b9f\u52d9\u4e0a\u306f\u5c11\u6570\u682a\u4e3b\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\uff08\u304a\u3088\u3073\u975e\u6d41\u52d5\u6027\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\uff09\u3092\u8003\u616e\u3057\u305f\u4fa1\u683c\u63d0\u793a\u304c\u3055\u308c\u308b\u30b1\u30fc\u30b9\u304c\u5927\u534a\u3067\u3059\u3002\u8cb7\u3044\u624b\u306b\u3068\u3063\u3066\u3001\u7d4c\u55b6\u6a29\u306e\u306a\u3044\u975e\u4e0a\u5834\u682a\u306f\u6d41\u52d5\u6027\u304c\u4f4e\u304f\u3001\u30ea\u30b9\u30af\u9ad8\u3044\u8cc7\u7523\u3060\u304b\u3089\u3067\u3059\u3002\u305f\u3060\u3057\u3001\u4f1a\u793e\u6cd5\u4e0a\u306e\u300c\u53cd\u5bfe\u682a\u4e3b\u306e\u682a\u5f0f\u8cb7\u53d6\u8acb\u6c42\u300d\u306a\u3069\u306e\u7279\u5b9a\u306e\u5c40\u9762\u3067\u306f\u3001\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\u3092\u884c\u308f\u306a\u3044\u8a55\u4fa1\u304c\u88c1\u5224\u3067\u8a8d\u3081\u3089\u308c\u308b\u3053\u3068\u3082\u3042\u308a\u307e\u3059\u3002<\/p> <\/div> <\/div>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/mitsukijapan.com\/ma\/valuations\/\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" width=\"400\" height=\"300\" src=\"https:\/\/mitsukijapan.com\/ma\/wp-content\/uploads\/Frame-4.jpg\" alt=\"\" class=\"wp-image-3067\"\/><\/a><\/figure>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/mitsukijapan.com\/ma\/lp\/01\/\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" width=\"400\" height=\"300\" src=\"https:\/\/mitsukijapan.com\/ma\/wp-content\/uploads\/Frame-3.jpg\" alt=\"\" class=\"wp-image-3068\"\/><\/a><\/figure>\n<\/div>\n<\/div>\n\n\n\n<h2 id=\"arkb-toc-15\" class=\"wp-block-heading\">\u5c11\u6570\u682a\u4e3b\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\u306e\u307e\u3068\u3081<\/h2>\n\n\n\n<p>\u30de\u30a4\u30ce\u30ea\u30c6\u30a3\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\uff08\u5c11\u6570\u682a\u4e3b\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\uff09\u306b\u3064\u3044\u3066\u89e3\u8aac\u3057\u307e\u3057\u305f\u3002 \u8981\u70b9\u3092\u307e\u3068\u3081\u308b\u3068\u4ee5\u4e0b\u306e\u901a\u308a\u3067\u3059\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u5b9a\u7fa9<\/strong>: \u652f\u914d\u6a29\uff08\u8b70\u6c7a\u6a29\u306e\u904e\u534a\u6570\uff09\u3092\u6301\u305f\u306a\u3044\u3053\u3068\u306b\u3088\u308b\u682a\u5f0f\u4fa1\u5024\u306e\u6e1b\u984d\u8abf\u6574\u3002<\/li>\n\n\n\n<li><strong>\u80cc\u666f<\/strong>: \u53d6\u7de0\u5f79\u306e\u9078\u4efb\u3084M&amp;A\u306e\u6c7a\u5b9a\u306a\u3069\u3001\u7d4c\u55b6\u306b\u95a2\u4e0e\u3067\u304d\u306a\u3044\u4e0d\u5229\u76ca\u3092\u4fa1\u683c\u306b\u53cd\u6620\u3055\u305b\u308b\u3002<\/li>\n\n\n\n<li><strong>\u76ee\u5b89<\/strong>: \u4e00\u822c\u7684\u306b20\uff5e40%\u7a0b\u5ea6\u306e\u5272\u5f15\u7387\u304c\u9069\u7528\u3055\u308c\u308b\u3053\u3068\u304c\u591a\u3044\u3002<\/li>\n\n\n\n<li><strong>\u6ce8\u610f\u70b9<\/strong>: \u975e\u4e0a\u5834\u682a\u306e\u5834\u5408\u306f\u300c\u975e\u6d41\u52d5\u6027\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\u300d\u3082\u52a0\u308f\u308a\u3001\u3055\u3089\u306b\u8a55\u4fa1\u984d\u304c\u4e0b\u304c\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u3002<\/li>\n<\/ul>\n\n\n\n<p>M&amp;A\u3084\u682a\u5f0f\u8b72\u6e21\u306b\u304a\u3044\u3066\u3001\u63d0\u793a\u3055\u308c\u305f\u682a\u4fa1\u304c\u300c\u9069\u6b63\u300d\u304b\u300c\u4e0d\u5f53\u306b\u5b89\u3044\u300d\u304b\u3092\u5224\u65ad\u3059\u308b\u306b\u306f\u3001\u3053\u306e\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\u306e\u4ed5\u7d44\u307f\u3092\u6b63\u3057\u304f\u7406\u89e3\u3057\u3066\u304a\u304f\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002\u7279\u306bDCF\u6cd5\u306a\u3069\u306e\u5c02\u9580\u7684\u306a\u8a08\u7b97\u624b\u6cd5\u304c\u7d61\u3080\u5834\u5408\u3001\u76f4\u611f\u7684\u306a\u4fa1\u683c\u3068\u7406\u8ad6\u4e0a\u306e\u4fa1\u683c\u306b\u306f\u5927\u304d\u306a\u4e56\u96e2\u304c\u751f\u307e\u308c\u307e\u3059\u3002\u3054\u81ea\u8eab\u306e\u4fdd\u6709\u3059\u308b\u682a\u5f0f\u3001\u3042\u308b\u3044\u306f\u8cb7\u53ce\u5bfe\u8c61\u306e\u682a\u5f0f\u304c\u9069\u6b63\u306b\u8a55\u4fa1\u3055\u308c\u3066\u3044\u308b\u304b\u4e0d\u5b89\u306a\u5834\u5408\u306f\u3001\u65e9\u3081\u306b\u5c02\u9580\u5bb6\u3078\u76f8\u8ac7\u3059\u308b\u3053\u3068\u3092\u304a\u52e7\u3081\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u5f53\u793e\u306f\u3001\u307f\u3064\u304d\u7a0e\u7406\u58eb\u6cd5\u4eba\u30b0\u30eb\u30fc\u30d7\u306eM&amp;A\u4ef2\u4ecb\u4f1a\u793e\u3068\u3057\u306615\u5e74\u4ee5\u4e0a\u306e\u696d\u6b74\u304c\u3042\u308a\u3001\u4e2d\u5c0f\u4f01\u696d\u306eM&amp;A\u306b\u7279\u5316\u3057\u305f\u5b9f\u7e3e\u7d4c\u9a13\u304c\u8c4a\u5bcc\u306aM&amp;A\u30a2\u30c9\u30d0\u30a4\u30b6\u30fc\u30fb\u516c\u8a8d\u4f1a\u8a08\u58eb\u30fb\u7a0e\u7406\u58eb\u304c\u591a\u304f\u5728\u7c4d\u3057\u3066\u304a\u308a\u307e\u3059\u3002\u30de\u30a4\u30ce\u30ea\u30c6\u30a3\u30c7\u30a3\u30b9\u30ab\u30a6\u30f3\u30c8\u3092\u542b\u3080\u682a\u5f0f\u8a55\u4fa1\u3084M&amp;A\u3092\u3054\u691c\u8a0e\u306e\u969b\u306f\u3001\u307f\u3064\u304d\u30b3\u30f3\u30b5\u30eb\u30c6\u30a3\u30f3\u30b0\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    <\/div>\n<\/div>","protected":false},"author":3,"featured_media":7832,"template":"","meta":{"cybocfi_hide_featured_image":"yes"},"class_list":["post-7823","column","type-column","status-publish","has-post-thumbnail","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/mitsukijapan.com\/ma\/wp-json\/wp\/v2\/column\/7823","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\/3"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mitsukijapan.com\/ma\/wp-json\/wp\/v2\/media\/7832"}],"wp:attachment":[{"href":"https:\/\/mitsukijapan.com\/ma\/wp-json\/wp\/v2\/media?parent=7823"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}