{"id":7879,"date":"2026-08-27T09:30:30","date_gmt":"2026-08-27T00:30:30","guid":{"rendered":"https:\/\/mitsukijapan.com\/ma\/?post_type=column&p=7879"},"modified":"2026-08-27T09:30:30","modified_gmt":"2026-08-27T00:30:30","slug":"management-buy-in","status":"publish","type":"column","link":"https:\/\/mitsukijapan.com\/ma\/column\/management-buy-in\/","title":{"rendered":"MBI\u3068\u306f\uff1fMBO\u3068\u306e\u9055\u3044\u30fb\u30e1\u30ea\u30c3\u30c8\u3068\u4f1a\u793e\u58f2\u5374\u3067\u306e\u5224\u65ad\u8ef8\u3092\u89e3\u8aac"},"content":{"rendered":"\n

MBI\uff08\u30de\u30cd\u30b8\u30e1\u30f3\u30c8\u30fb\u30d0\u30a4\u30fb\u30a4\u30f3\uff09\u3068\u306f\u3001\u5916\u90e8\u306e\u7d4c\u55b6\u8005\u3092\u62db\u304d\u5165\u308c\u3066\u4f1a\u793e\u3092\u7acb\u3066\u76f4\u3059M&A\u624b\u6cd5\u3067\u3059\u3002MBO\u3068\u306e\u9055\u3044\u3001\u8b72\u6e21\u30aa\u30fc\u30ca\u30fc\u304c\u5f97\u308b\u30e1\u30ea\u30c3\u30c8\u3001\u30ad\u30fc\u30de\u30f3\u96e2\u8077\u3084\u7d4c\u55b6\u8005\u4fdd\u8a3c\u3068\u3044\u3063\u305f\u6ce8\u610f\u70b9\u3092\u6574\u7406\u3057\u3001\u4f1a\u793e\u58f2\u5374\u306e\u51fa\u53e3\u3068\u3057\u3066MBI\u3092\u9078\u3076\u3079\u304d\u304b\u3069\u3046\u304b\u306e\u5224\u65ad\u8ef8\u3092\u3001\u4e2d\u5c0f\u4f01\u696dM&A\u306e\u5b9f\u52d9\u76ee\u7dda\u3067\u307e\u3068\u3081\u307e\u3057\u305f\u3002<\/p>\n\n\n\n

\n
\n
\"M&A\u4ef2\u4ecb\u624b\u6570\u6599\u30fb\u6599\u91d1\u4f53\u7cfb\u3092\u898b\u308b\uff5c\u5b8c\u5168\u6210\u529f\u5831\u916c\u5236\u30fb\u7740\u624b\u91d1\u30fb\u4e2d\u9593\u91d10\u5186\"<\/a><\/figure>\n<\/div>\n\n\n\n
\n
\"\u4f01\u696d\u4fa1\u5024\u30921\u5206\u3067\u7c21\u6613\u8a66\u7b97\uff5c\u767b\u9332\u4e0d\u8981\u30fb\u7121\u6599\u306e\u4f01\u696d\u4fa1\u5024\u8a55\u4fa1\"<\/a><\/figure>\n<\/div>\n<\/div>\n\n\n
\n\t\t
\u76ee\u6b21<\/div>\n\t\t
  1. MBI\u3068\u306f\u5916\u90e8\u306e\u7d4c\u55b6\u8005\u3092\u62db\u304d\u5165\u308c\u308bM&A\u624b\u6cd5<\/a>
    1. MBI\u306e\u610f\u5473\u3068\u57fa\u672c\u7684\u306a\u4ed5\u7d44\u307f<\/a><\/li>
    2. MBI\u3067\u767b\u5834\u3059\u308b3\u8005\u306e\u95a2\u4fc2<\/a><\/li>
    3. \u5f8c\u7d99\u8005\u4e0d\u5728\u3092\u80cc\u666f\u306bMBI\u304c\u6ce8\u76ee\u3055\u308c\u308b\u7406\u7531<\/a><\/li><\/ol><\/li>
    4. MBI\u3068MBO\u306e\u9055\u3044\u3092\u6574\u7406\u3059\u308b<\/a>
      1. \u7d4c\u55b6\u6a29\u3092\u63e1\u308b\u306e\u304c\u793e\u5185\u304b\u793e\u5916\u304b<\/a><\/li>
      2. \u8b72\u6e21\u30aa\u30fc\u30ca\u30fc\u306e\u624b\u53d6\u308a\u3068\u5f15\u9000\u6642\u671f\u3078\u306e\u5f71\u97ff<\/a><\/li>
      3. MBI\u3068MBO\u306e\u6bd4\u8f03\u8868<\/a><\/li><\/ol><\/li>
      4. MBI\u3068\u6df7\u540c\u3055\u308c\u3084\u3059\u3044\u8cb7\u53ce\u7528\u8a9e\u306e\u9055\u3044<\/a>
        1. \u8cb7\u53ce\u4e3b\u4f53\u3092\u8868\u3059\u7528\u8a9e\u3068\u8cc7\u91d1\u8abf\u9054\u3092\u8868\u3059\u7528\u8a9e\u306f\u5225\u8ef8<\/a><\/li><\/ol><\/li>
        2. MBI\u304c\u9078\u3070\u308c\u308b\u5834\u9762<\/a>
          1. \u6280\u8853\u529b\u306f\u3042\u308b\u304c\u7d4c\u55b6\u3092\u62c5\u3046\u4eba\u6750\u304c\u3044\u306a\u3044\u4f1a\u793e<\/a><\/li>
          2. \u89aa\u65cf\u5185\u627f\u7d99\u3082\u5f93\u696d\u54e1\u627f\u7d99\u3082\u96e3\u3057\u3044\u4f1a\u793e<\/a><\/li>
          3. \u4e0d\u63a1\u7b97\u90e8\u9580\u3092\u5207\u308a\u96e2\u3057\u3066\u7acb\u3066\u76f4\u3057\u305f\u3044\u4f1a\u793e<\/a><\/li><\/ol><\/li>
          4. MBI\u3092\u5b9f\u884c\u3059\u308b3\u3064\u306e\u30d1\u30bf\u30fc\u30f3<\/a>
            1. \u985e\u578b\u9078\u3073\u3067\u8b72\u6e21\u30aa\u30fc\u30ca\u30fc\u304c\u898b\u308b\u3079\u304d\u70b9<\/a><\/li><\/ol><\/li>
            2. \u8b72\u6e21\u30aa\u30fc\u30ca\u30fc\u304b\u3089\u898b\u305fMBI\u306e\u30e1\u30ea\u30c3\u30c8<\/a>
              1. \u5916\u90e8\u306e\u7d4c\u55b6\u30ce\u30a6\u30cf\u30a6\u3092\u4e00\u5ea6\u306b\u53d6\u308a\u8fbc\u3081\u308b<\/a><\/li>
              2. \u4f1a\u793e\u306e\u72ec\u7acb\u6027\u3092\u4fdd\u3063\u305f\u307e\u307e\u627f\u7d99\u3067\u304d\u308b<\/a><\/li>
              3. \u5275\u696d\u8005\u5229\u76ca\u3092\u78ba\u5b9a\u3067\u304d\u308b<\/a><\/li>
              4. \u6210\u9577\u671f\u5f85\u304c\u8b72\u6e21\u4fa1\u984d\u306b\u4e57\u308a\u3084\u3059\u3044<\/a><\/li><\/ol><\/li>
              5. MBI\u306e\u30c7\u30e1\u30ea\u30c3\u30c8\u3068\u73fe\u5834\u3067\u8d77\u304d\u3084\u3059\u3044\u554f\u984c<\/a>
                1. \u30ad\u30fc\u30de\u30f3\u306e\u96e2\u8077\u3068\u73fe\u5834\u306e\u6df7\u4e71<\/a><\/li>
                2. \u4f01\u696d\u6587\u5316\u306e\u4e0d\u4e00\u81f4<\/a><\/li>
                3. \u7d4c\u55b6\u8005\u4fdd\u8a3c\u304c\u6b8b\u308b\u30ea\u30b9\u30af<\/a><\/li>
                4. \u65b0\u7d4c\u55b6\u8005\u3068\u306e\u76f8\u6027\u3092\u898b\u8aa4\u308b\u30ea\u30b9\u30af<\/a><\/li><\/ol><\/li>
                5. MBI\u3092\u691c\u8a0e\u3059\u308b\u58f2\u308a\u624b\u306e\u30c1\u30a7\u30c3\u30af\u30ea\u30b9\u30c8<\/a>
                  1. \u76f8\u624b\u65b9\u306b\u78ba\u8a8d\u3057\u3066\u304a\u304f7\u9805\u76ee<\/a><\/li>
                  2. \u652f\u63f4\u73fe\u5834\u3067\u898b\u305f2\u3064\u306e\u4e8b\u4f8b<\/a><\/li><\/ol><\/li>
                  3. MBI\u3068\u4ed6\u306e\u51fa\u53e3\u3092\u6bd4\u8f03\u3057\u3066\u9078\u3076<\/a>
                    1. \u4e3b\u306a\u51fa\u53e3\u306e\u6bd4\u8f03\u8868<\/a><\/li>
                    2. \u5224\u65ad\u3059\u308b\u9806\u5e8f<\/a><\/li>
                    3. \u76f8\u624b\u9078\u3073\u3067\u59a5\u5354\u3057\u306a\u3044<\/a><\/li><\/ol><\/li>
                    4. MBI\u306b\u95a2\u3059\u308bFAQ<\/a><\/li>
                    5. \u307e\u3068\u3081\uff5cMBI\u3068MBO\u306e\u9055\u3044\u3068\u4f1a\u793e\u58f2\u5374\u306e\u5224\u65ad\u8ef8<\/a><\/li><\/ol><\/li><\/ol>\n\t<\/div>\n\n\n\n \n \n \n \n <\/figure>\n\n \n \n \n \u7d4c\u55b6\u8005\u9650\u5b9a\u30fb1\u793e1\u518a\u3092\u8d08\u5448\n <\/p>\n\n \n \u307e\u3060\u4f1a\u793e\u58f2\u5374\u3092\u6c7a\u3081\u3066\u3044\u306a\u3044\u7d4c\u55b6\u8005\u306e\u65b9\u3078\n <\/p>\n\n \n \u4e8b\u696d\u627f\u7d99 \u5b9f\u8df5\u30ac\u30a4\u30c9\u30d6\u30c3\u30af\n <\/p>\n\n \n \u516c\u8a8d\u4f1a\u8a08\u58eb\u30fb\u7a0e\u7406\u58eb \u795e\u9580 \u525b \u76e3\u4fee\uff0f\u307f\u3064\u304d\u30b3\u30f3\u30b5\u30eb\u30c6\u30a3\u30f3\u30b0\u682a\u5f0f\u4f1a\u793e \u8457\n <\/p>\n\n \n \u89aa\u65cf\u5185\u627f\u7d99\u30fb\u5f93\u696d\u54e1\u627f\u7d99\u30fb\u7b2c\u4e09\u8005\u627f\u7d99\u3092\u6bd4\u8f03\u3059\u308b\u305f\u3081\u306e\u5b9f\u52d9\u66f8\u3067\u3059\u3002\n <\/p>\n <\/div>\n\n \n \n \n \u66f8\u7c4d\u3092\u7533\u3057\u8fbc\u3080 \u203a\n <\/span>\n\n \n \u66f8\u7c4d\u4ee3\u30fb\u9001\u6599\u306f\u5f53\u793e\u8ca0\u62c5\n <\/p>\n <\/div>\n <\/aside>\n<\/a>\n\n\n\n

                      MBI\u3068\u306f\u5916\u90e8\u306e\u7d4c\u55b6\u8005\u3092\u62db\u304d\u5165\u308c\u308bM&A\u624b\u6cd5<\/h2>\n\n\n\n

                      \u300c\u4f1a\u793e\u3092\u58f2\u308b\u300d\u3068\u805e\u304f\u3068\u3001\u540c\u696d\u4ed6\u793e\u306b\u5f15\u304d\u53d6\u3063\u3066\u3082\u3089\u3046\u59ff\u3092\u601d\u3044\u6d6e\u304b\u3079\u308b\u65b9\u304c\u591a\u3044\u306f\u305a\u3002\u3068\u3053\u308d\u304c\u9078\u629e\u80a2\u306f\u305d\u308c\u3060\u3051\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u682a\u5f0f\u3092\u624b\u653e\u3057\u305f\u3046\u3048\u3067\u3001\u7d4c\u55b6\u305d\u306e\u3082\u306e\u3092\u5916\u90e8\u306e\u30d7\u30ed\u306b\u8a17\u3059\u9053\u3082\u3042\u308a\u307e\u3059\u3002\u305d\u308c\u304cMBI\u3067\u3059\u3002M&A\u306e\u5168\u4f53\u50cf<\/a>\u306e\u306a\u304b\u3067\u3082\u3001\u3084\u3084\u7279\u6b8a\u306a\u4f4d\u7f6e\u306b\u3042\u308b\u624b\u6cd5\u3068\u3044\u3048\u307e\u3059\u3002<\/p>\n\n\n\n

                      MBI\u306e\u610f\u5473\u3068\u57fa\u672c\u7684\u306a\u4ed5\u7d44\u307f<\/h3>\n\n\n\n

                      MBI\uff08Management Buy-In\uff09\u3068\u306f\u3001\u5916\u90e8\u306e\u6295\u8cc7\u5bb6\u3084\u30d5\u30a1\u30f3\u30c9\u304c\u5bfe\u8c61\u4f1a\u793e\u306e\u682a\u5f0f\u3092\u53d6\u5f97\u3057\u3001\u793e\u5916\u304b\u3089\u62db\u3044\u305f\u7d4c\u55b6\u8005\u3092\u65b0\u305f\u306a\u7d4c\u55b6\u9663\u3068\u3057\u3066\u9001\u308a\u8fbc\u3080\u624b\u6cd5\u3092\u3044\u3044\u307e\u3059\u3002\u5358\u306a\u308b\u8cc7\u672c\u306e\u79fb\u52d5\u306b\u3068\u3069\u307e\u3089\u305a\u3001\u7d4c\u55b6\u306e\u62c5\u3044\u624b\u3054\u3068\u5165\u308c\u66ff\u3048\u308b\u70b9\u304c\u7279\u5fb4\u3002M&A\u624b\u6cd5\u306e\u7a2e\u985e<\/a>\u306e\u306a\u304b\u3067\u306f\u3001\u682a\u5f0f\u8b72\u6e21\u3092\u571f\u53f0\u306b\u3057\u305f\u5fdc\u7528\u578b\u3068\u6574\u7406\u3059\u308b\u3068\u5206\u304b\u308a\u3084\u3059\u3044\u3067\u3057\u3087\u3046\u3002<\/p>\n\n\n\n

                      MBI\u3067\u767b\u5834\u3059\u308b3\u8005\u306e\u95a2\u4fc2<\/h3>\n\n\n\n

                      \u767b\u5834\u3059\u308b\u306e\u306f\u3001\u682a\u5f0f\u3092\u624b\u653e\u3059\u8b72\u6e21\u30aa\u30fc\u30ca\u30fc\u3001\u8cc7\u91d1\u3092\u51fa\u3059\u8b72\u53d7\u4f01\u696d\u3084\u30d5\u30a1\u30f3\u30c9\u3001\u305d\u3057\u3066\u9001\u308a\u8fbc\u307e\u308c\u308b\u30d7\u30ed\u7d4c\u55b6\u8005\u306e3\u8005\u3002\u8cc7\u91d1\u306e\u51fa\u3057\u624b\u3068\u7d4c\u55b6\u306e\u62c5\u3044\u624b\u304c\u5225\u4eba\u683c\u3067\u3042\u308b\u70b9\u304c\u3001MBI\u3092\u7406\u89e3\u3059\u308b\u9375\u306b\u306a\u308a\u307e\u3059\u3002\u30d7\u30ed\u7d4c\u55b6\u8005\u304c\u5c11\u984d\u3092\u5171\u540c\u51fa\u8cc7\u3057\u3001\u6210\u679c\u9023\u52d5\u3067\u5831\u916c\u3092\u53d7\u3051\u53d6\u308b\u8a2d\u8a08\u3082\u73cd\u3057\u304f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n\n\n\n

                      \u5f8c\u7d99\u8005\u4e0d\u5728\u3092\u80cc\u666f\u306bMBI\u304c\u6ce8\u76ee\u3055\u308c\u308b\u7406\u7531<\/h3>\n\n\n\n

                      \u89aa\u65cf\u306b\u7d99\u3050\u610f\u601d\u304c\u306a\u304f\u3001\u793e\u5185\u306b\u3082\u9069\u4efb\u8005\u304c\u898b\u5f53\u305f\u3089\u306a\u3044\u3002\u3053\u306e\u72b6\u614b\u3067\u5ec3\u696d\u3092\u9078\u3079\u3070\u3001\u96c7\u7528\u3082\u53d6\u5f15\u5148\u3068\u306e\u95a2\u4fc2\u3082\u9014\u5207\u308c\u3066\u3057\u307e\u3044\u307e\u3059\u3002\u5f8c\u7d99\u8005\u4e0d\u8db3\u306e\u5b9f\u614b<\/a>\u3092\u8e0f\u307e\u3048\u308b\u3068\u3001\u7d4c\u55b6\u8005\u305d\u306e\u3082\u306e\u3092\u5916\u90e8\u8abf\u9054\u3059\u308bMBI\u306f\u3001\u7b2c\u4e09\u8005\u627f\u7d99\u306e\u4e00\u5f62\u614b\u3068\u3057\u3066\u73fe\u5b9f\u5473\u3092\u5e2f\u3073\u307e\u3059\u3002<\/p>\n\n\n\n

                      MBI\u3068MBO\u306e\u9055\u3044\u3092\u6574\u7406\u3059\u308b<\/h2>\n\n\n\n

                      MBI\u3068MBO\u306f1\u6587\u5b57\u9055\u3044\u3067\u3059\u304c\u3001\u4f1a\u793e\u306e\u4e2d\u3067\u8d77\u304d\u308b\u3053\u3068\u306f\u307e\u308b\u3067\u5225\u7269\u3002\u8b72\u6e21\u30aa\u30fc\u30ca\u30fc\u306b\u3068\u3063\u3066\u306f\u3001\u624b\u53d6\u308a\u984d\u3082\u5f15\u9000\u306e\u30bf\u30a4\u30df\u30f3\u30b0\u3082\u5909\u308f\u3063\u3066\u304d\u307e\u3059\u3002\u3053\u3053\u3092\u6df7\u540c\u3057\u305f\u307e\u307e\u76f8\u8ac7\u306b\u6765\u3089\u308c\u308b\u7d4c\u55b6\u8005\u306f\u3001\u5b9f\u969b\u304b\u306a\u308a\u591a\u3044\u3068\u3053\u308d\u3002<\/p>\n\n\n\n

                      \u7d4c\u55b6\u6a29\u3092\u63e1\u308b\u306e\u304c\u793e\u5185\u304b\u793e\u5916\u304b<\/h3>\n\n\n\n

                      MBO\u306f\u73fe\u7d4c\u55b6\u9663\u3084\u5f79\u54e1\u304c\u81ea\u793e\u306e\u767a\u884c\u6e08\u682a\u5f0f\u3092\u53d6\u5f97\u3057\u3001\u7d4c\u55b6\u3092\u5f15\u304d\u7d99\u3050\u624b\u6cd5\u3067\u3059\u3002\u5bfe\u3057\u3066MBI\u3067\u306f\u3001\u793e\u5916\u306e\u4eba\u9593\u304c\u7d4c\u55b6\u6a29\u3092\u53d6\u5f97\u3057\u307e\u3059\u3002MBO\u306e\u4ed5\u7d44\u307f<\/a>\u3068\u6bd4\u3079\u308b\u3068\u3001\u7d4c\u55b6\u306e\u9023\u7d9a\u6027\u3092\u65ad\u3061\u5207\u308b\u304b\u4fdd\u3064\u304b\u3068\u3044\u3046\u65b9\u5411\u6027\u306e\u9055\u3044\u304c\u969b\u7acb\u3061\u307e\u3059\u3002<\/p>\n\n\n\n

                      \u8b72\u6e21\u30aa\u30fc\u30ca\u30fc\u306e\u624b\u53d6\u308a\u3068\u5f15\u9000\u6642\u671f\u3078\u306e\u5f71\u97ff<\/h3>\n\n\n\n

                      MBO\u3067\u306f\u3001\u8cb7\u3044\u53d6\u308b\u5074\u304c\u5f79\u54e1\u500b\u4eba\u3067\u3042\u308b\u305f\u3081\u8cc7\u91d1\u529b\u306b\u9650\u754c\u304c\u3042\u308a\u3001\u8b72\u6e21\u4fa1\u984d\u304c\u6291\u3048\u3089\u308c\u304c\u3061\u3002\u4e00\u65b9\u306eMBI\u306f\u3001\u30d5\u30a1\u30f3\u30c9\u3084\u4e8b\u696d\u4f1a\u793e\u304c\u8cc7\u91d1\u3092\u7528\u610f\u3059\u308b\u305f\u3081\u3001\u4f01\u696d\u4fa1\u5024\u306b\u898b\u5408\u3063\u305f\u4fa1\u683c\u304c\u3064\u304d\u3084\u3059\u304f\u306a\u308a\u307e\u3059\u3002\u305f\u3060\u3057\u65b0\u7d4c\u55b6\u9663\u304c\u73fe\u5834\u3092\u628a\u63e1\u3059\u308b\u307e\u3067\u3001\u524d\u30aa\u30fc\u30ca\u30fc\u306e\u5f15\u7d99\u671f\u9593\u3092\u6c42\u3081\u3089\u308c\u308b\u50be\u5411\u3082\u3002<\/p>\n\n\n\n

                      MBI\u3068MBO\u306e\u6bd4\u8f03\u8868<\/h3>\n\n\n\n

                      \u4e0b\u8868\u306f\u3001MBI\u3068MBO\u306e\u4e3b\u306a\u9055\u3044\u3092\u8b72\u6e21\u30aa\u30fc\u30ca\u30fc\u306e\u8996\u70b9\u3067\u6574\u7406\u3057\u305f\u3082\u306e\u3067\u3059\u3002<\/p>\n\n\n\n

                      \u6bd4\u8f03\u9805\u76ee<\/th>MBI\uff08\u5916\u90e8\u62db\u3078\u3044\u578b\uff09<\/th>MBO\uff08\u7d4c\u55b6\u9663\u8cb7\u53ce\u578b\uff09<\/th><\/tr><\/thead>
                      \u7d4c\u55b6\u8005\u306e\u51fa\u8eab<\/strong><\/td>\u793e\u5916\u306e\u30d7\u30ed\u7d4c\u55b6\u8005<\/td>\u73fe\u7d4c\u55b6\u9663\u3084\u5f79\u54e1<\/td><\/tr>
                      \u8cc7\u91d1\u306e\u51fa\u3057\u624b<\/strong><\/td>\u30d5\u30a1\u30f3\u30c9\u30fb\u4e8b\u696d\u4f1a\u793e\u304c\u4e2d\u5fc3<\/td>\u5f79\u54e1\u500b\u4eba\uff0b\u91d1\u878d\u6a5f\u95a2\u501f\u5165<\/td><\/tr>
                      \u8b72\u6e21\u4fa1\u984d\u306e\u6c34\u6e96<\/strong><\/td>\u4f01\u696d\u4fa1\u5024\u8a55\u4fa1\u306b\u6cbf\u3063\u305f\u6c34\u6e96\u306b\u306a\u308a\u3084\u3059\u3044<\/td>\u8cb7\u3044\u624b\u306e\u8cc7\u91d1\u529b\u306b\u5236\u7d04\u3055\u308c\u3084\u3059\u3044<\/td><\/tr>
                      \u4e3b\u306a\u72d9\u3044<\/strong><\/td>\u7d4c\u55b6\u306e\u5237\u65b0\u3068\u4f01\u696d\u4fa1\u5024\u306e\u5411\u4e0a<\/td>\u7d4c\u55b6\u306e\u7d99\u7d9a\u3068\u72ec\u7acb\u6027\u306e\u78ba\u4fdd<\/td><\/tr>
                      \u4e3b\u306a\u30ea\u30b9\u30af<\/strong><\/td>\u4f01\u696d\u6587\u5316\u306e\u4e0d\u4e00\u81f4\u3001\u73fe\u5834\u306e\u52d5\u63fa<\/td>\u5f93\u6765\u578b\u306e\u7d4c\u55b6\u304c\u6e29\u5b58\u3055\u308c\u308b<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

                      MBI\u3068\u6df7\u540c\u3055\u308c\u3084\u3059\u3044\u8cb7\u53ce\u7528\u8a9e\u306e\u9055\u3044<\/h2>\n\n\n\n

                      \u76f8\u8ac7\u306e\u5834\u3067\u300cLBO\u3068MBI\u306f\u3069\u3061\u3089\u304c\u5f97\u3067\u3059\u304b\u300d\u3068\u805e\u304b\u308c\u308b\u3053\u3068\u304c\u3042\u308a\u307e\u3059\u3002\u3053\u306e\u554f\u3044\u81ea\u4f53\u304c\u5b9f\u306f\u6210\u308a\u7acb\u3061\u307e\u305b\u3093\u3002\u4e26\u3079\u308b\u8ef8\u304c\u9055\u3046\u304b\u3089\u3067\u3059\u3002<\/p>\n\n\n\n

                      \u8cb7\u53ce\u4e3b\u4f53\u3092\u8868\u3059\u7528\u8a9e\u3068\u8cc7\u91d1\u8abf\u9054\u3092\u8868\u3059\u7528\u8a9e\u306f\u5225\u8ef8<\/h3>\n\n\n\n

                      MBI\u30fbMBO\u30fbEBO\u306f\u300c\u8ab0\u304c\u7d4c\u55b6\u6a29\u3092\u53d6\u308b\u304b\u300d\u3092\u793a\u3059\u8a00\u8449\u3002\u5bfe\u3057\u3066LBO\u3084TOB\u306f\u300c\u3069\u3046\u3084\u3063\u3066\u53d6\u308b\u304b\u300d\u3092\u793a\u3059\u8a00\u8449\u3067\u3059\u3002\u4e21\u8005\u306f\u6392\u4ed6\u7684\u3067\u306f\u306a\u304f\u3001\u7d44\u307f\u5408\u308f\u305b\u3066\u4f7f\u308f\u308c\u307e\u3059\u3002<\/p>\n\n\n\n

                      EBO<\/h4>\n\n\n\n

                      EBO\u306b\u3088\u308b\u627f\u7d99<\/a>\u306f\u3001\u5f93\u696d\u54e1\u304c\u81ea\u793e\u306e\u682a\u5f0f\u3092\u53d6\u5f97\u3059\u308b\u624b\u6cd5\u3067\u3059\u3002MBO\u306e\u6d3e\u751f\u5f62\u306b\u3042\u305f\u308a\u307e\u3059\u304c\u3001\u500b\u4eba\u306e\u8cc7\u91d1\u8abf\u9054\u529b\u304c\u58c1\u3068\u306a\u308a\u3001\u4e2d\u5c0f\u4f01\u696d\u306e\u5b9f\u52d9\u3067\u5358\u72ec\u6210\u7acb\u3059\u308b\u30b1\u30fc\u30b9\u306f\u9650\u3089\u308c\u307e\u3059\u3002<\/p>\n\n\n\n

                      LBO<\/h4>\n\n\n\n

                      LBO\uff08Leveraged Buy-Out\uff09\u306f\u3001\u5bfe\u8c61\u4f1a\u793e\u306e\u8cc7\u7523\u3084\u5c06\u6765\u306e\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u3092\u88cf\u4ed8\u3051\u306b\u501f\u5165\u3092\u8d77\u3053\u3059\u8cc7\u91d1\u8abf\u9054\u306e\u624b\u6cd5\u3002MBI\u3092\u5b9f\u884c\u3059\u308b\u30d5\u30a1\u30f3\u30c9\u304c\u3001\u81ea\u5df1\u8cc7\u91d1\u3068LBO\u306e\u8cc7\u91d1\u8abf\u9054<\/a>\u3092\u7d44\u307f\u5408\u308f\u305b\u3066\u8cb7\u53ce\u8cc7\u91d1\u3092\u7528\u610f\u3059\u308b\u69cb\u56f3\u304c\u5178\u578b\u3067\u3059\u3002<\/p>\n\n\n\n

                      TOB<\/h4>\n\n\n\n

                      TOB\uff08Take-Over Bid\uff09\u306f\u682a\u5f0f\u516c\u958b\u8cb7\u4ed8\u3001\u3064\u307e\u308a\u4e0a\u5834\u682a\u5f0f\u3092\u5e02\u5834\u5916\u3067\u307e\u3068\u3081\u3066\u53d6\u5f97\u3059\u308b\u624b\u7d9a\u3002\u975e\u4e0a\u5834\u306e\u4e2d\u5c0f\u4f01\u696d\u306b\u306f\u76f4\u63a5\u95a2\u4fc2\u3057\u307e\u305b\u3093\u304c\u3001TOB\u306e\u30eb\u30fc\u30eb<\/a>\u3092\u77e5\u3063\u3066\u304a\u304f\u3068\u3001\u5831\u9053\u3067\u898b\u308bMBI\u306e\u5b9f\u50cf\u304c\u63b4\u307f\u3084\u3059\u304f\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n

                      \u30d0\u30a4\u30a2\u30a6\u30c8<\/h4>\n\n\n\n

                      \u30d0\u30a4\u30a2\u30a6\u30c8\u306f\u3001\u7d4c\u55b6\u6a29\u306e\u53d6\u5f97\u3092\u4f34\u3046\u8cb7\u53ce\u5168\u822c\u3092\u6307\u3059\u5e83\u3044\u8a00\u8449\u3002MBI\u30fbMBO\u30fbEBO\u306f\u3044\u305a\u308c\u3082\u305d\u306e\u5185\u5074\u306b\u53ce\u307e\u308a\u307e\u3059\u3002\u30d0\u30a4\u30a2\u30a6\u30c8\u306e\u985e\u578b<\/a>\u3092\u62bc\u3055\u3048\u3066\u304a\u3051\u3070\u3001\u5c02\u9580\u5bb6\u3068\u306e\u4f1a\u8a71\u304c\u565b\u307f\u5408\u3044\u3084\u3059\u304f\u306a\u308b\u306f\u305a\u3067\u3059\u3002<\/p>\n\n\n\n

                      MBI\u304c\u9078\u3070\u308c\u308b\u5834\u9762<\/h2>\n\n\n\n

                      MBI\u306f\u3069\u306e\u4f1a\u793e\u306b\u3082\u5f53\u3066\u306f\u307e\u308b\u624b\u6cd5\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u9006\u306b\u3044\u3048\u3070\u3001\u306f\u307e\u308b\u4f1a\u793e\u306b\u306f\u3068\u3053\u3068\u3093\u306f\u307e\u308a\u307e\u3059\u3002\u652f\u63f4\u73fe\u5834\u3067\u5b9f\u969b\u306b\u691c\u8a0e\u5bfe\u8c61\u3078\u4e0a\u304c\u308a\u3084\u3059\u30443\u3064\u306e\u72b6\u6cc1\u3092\u6319\u3052\u307e\u3059\u3002<\/p>\n\n\n\n

                      \u6280\u8853\u529b\u306f\u3042\u308b\u304c\u7d4c\u55b6\u3092\u62c5\u3046\u4eba\u6750\u304c\u3044\u306a\u3044\u4f1a\u793e<\/h3>\n\n\n\n

                      \u300c\u4f5c\u308b\u3082\u306e\u306f\u4e00\u7d1a\u54c1\u3001\u58f2\u308a\u65b9\u3060\u3051\u304c\u5206\u304b\u3089\u306a\u3044\u300d\u3002\u5275\u696d\u793e\u9577\u304c\u6280\u8853\u7551\u51fa\u8eab\u306e\u4f1a\u793e\u3067\u306f\u3001\u8ca1\u52d9\u3084\u30de\u30fc\u30b1\u30c6\u30a3\u30f3\u30b0\u304c\u624b\u8584\u306b\u306a\u308a\u304c\u3061\u3067\u3059\u3002\u3053\u3053\u3078\u5916\u90e8\u306e\u7d4c\u55b6\u4eba\u6750\u304c\u5165\u308b\u3068\u3001\u65e2\u5b58\u306e\u8a2d\u5099\u3068\u4eba\u6750\u306e\u307e\u307e\u58f2\u4e0a\u69cb\u9020\u304c\u5909\u308f\u308b\u3053\u3068\u3082\u3002\u57cb\u3082\u308c\u305f\u4fa1\u5024\u3092\u6398\u308a\u8d77\u3053\u3059\u767a\u60f3\u304c\u3001MBI\u306e\u51fa\u767a\u70b9\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n

                      \u89aa\u65cf\u5185\u627f\u7d99\u3082\u5f93\u696d\u54e1\u627f\u7d99\u3082\u96e3\u3057\u3044\u4f1a\u793e<\/h3>\n\n\n\n

                      \u5b50\u3069\u3082\u306f\u5225\u306e\u9053\u3092\u6b69\u307f\u3001\u756a\u982d\u683c\u306e\u5f79\u54e1\u3082\u81ea\u5206\u3068\u540c\u4e16\u4ee3\u3002\u3088\u304f\u3042\u308b\u76f8\u8ac7\u3067\u3059\u3002\u5f93\u696d\u54e1\u627f\u7d99\u306e\u8cc7\u91d1\u5bfe\u7b56<\/a>\u3092\u691c\u8a0e\u3057\u3066\u3082\u682a\u5f0f\u306e\u8cb7\u53d6\u8cc7\u91d1\u304c\u8db3\u308a\u306a\u3044\u5834\u5408\u3001\u5916\u90e8\u304b\u3089\u7d4c\u55b6\u8005\u3092\u8fce\u3048\u308b\u4e8b\u696d\u627f\u7d99\u578bM&A<\/a>\u304c\u73fe\u5b9f\u89e3\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n

                      \u4e0d\u63a1\u7b97\u90e8\u9580\u3092\u5207\u308a\u96e2\u3057\u3066\u7acb\u3066\u76f4\u3057\u305f\u3044\u4f1a\u793e<\/h3>\n\n\n\n

                      \u793e\u5185\u306e\u4eba\u9593\u95a2\u4fc2\u304c\u6fc3\u3044\u4f1a\u793e\u307b\u3069\u3001\u64a4\u9000\u306e\u5224\u65ad\u306f\u5148\u9001\u308a\u3055\u308c\u307e\u3059\u3002\u9577\u5e74\u306e\u53d6\u5f15\u5148\u3001\u53e4\u53c2\u793e\u54e1\u306e\u9854\u3002\u5916\u90e8\u304b\u3089\u5165\u3063\u305f\u7d4c\u55b6\u8005\u306f\u305d\u306e\u3057\u304c\u3089\u307f\u3092\u6301\u3061\u307e\u305b\u3093\u3002\u30ab\u30fc\u30d6\u30a2\u30a6\u30c8\u3067\u306e\u5207\u308a\u51fa\u3057<\/a>\u3068\u7d44\u307f\u5408\u308f\u305b\u3001\u672c\u696d\u306b\u8cc7\u6e90\u3092\u96c6\u4e2d\u3055\u305b\u308b\u518d\u8a2d\u8a08\u304c\u53ef\u80fd\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n

                      MBI\u3092\u5b9f\u884c\u3059\u308b3\u3064\u306e\u30d1\u30bf\u30fc\u30f3<\/h2>\n\n\n\n

                      \u3072\u3068\u53e3\u306bMBI\u3068\u3044\u3063\u3066\u3082\u3001\u8ab0\u304c\u4e3b\u5c0e\u3059\u308b\u304b\u3067\u9032\u307f\u65b9\u306f\u5909\u308f\u308a\u307e\u3059\u3002\u4e0b\u8868\u306b\u5b9f\u52d9\u3067\u898b\u3089\u308c\u308b3\u985e\u578b\u3092\u307e\u3068\u3081\u307e\u3057\u305f\u3002<\/p>\n\n\n\n

                      \u985e\u578b<\/th>\u4e3b\u5c0e\u3059\u308b\u7acb\u5834<\/th>\u8b72\u6e21\u30aa\u30fc\u30ca\u30fc\u304b\u3089\u898b\u305f\u7279\u5fb4<\/th><\/tr><\/thead>
                      \u30d5\u30a1\u30f3\u30c9\u4e3b\u5c0e\u578b<\/strong><\/td>PE\u30d5\u30a1\u30f3\u30c9\u7b49\u306e\u8b72\u53d7\u4f01\u696d<\/td>\u8cc7\u91d1\u529b\u304c\u3042\u308a\u8b72\u6e21\u4fa1\u984d\u306f\u5b89\u5b9a\u3057\u3084\u3059\u3044\u3002\u7d4c\u55b6\u8005\u306e\u4eba\u9078\u306f\u30d5\u30a1\u30f3\u30c9\u306b\u59d4\u306d\u308b\u5f62<\/td><\/tr>
                      \u7d4c\u55b6\u8005\u5019\u88dc\u4e3b\u5c0e\u578b<\/strong><\/td>\u7d4c\u55b6\u3092\u5fd7\u3059\u500b\u4eba<\/td>\u500b\u4eba\u304c\u30b9\u30dd\u30f3\u30b5\u30fc\u3092\u63a2\u3057\u3066\u5171\u540c\u51fa\u8cc7\u3059\u308b\u3002\u7d4c\u55b6\u3078\u306e\u5f53\u4e8b\u8005\u610f\u8b58\u304c\u5f37\u3044<\/td><\/tr>
                      \u30aa\u30fc\u30ca\u30fc\u62db\u3078\u3044\u578b<\/strong><\/td>\u8b72\u6e21\u30aa\u30fc\u30ca\u30fc\u81ea\u8eab<\/td>\u81ea\u793e\u306e\u9650\u754c\u3092\u8a8d\u8b58\u3057\u305f\u30aa\u30fc\u30ca\u30fc\u304c\u5916\u90e8\u4eba\u6750\u3068\u8cc7\u672c\u3092\u62db\u304d\u5165\u308c\u308b\u3002\u518d\u751f\u5c40\u9762\u3067\u591a\u3044<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

                      \u985e\u578b\u9078\u3073\u3067\u8b72\u6e21\u30aa\u30fc\u30ca\u30fc\u304c\u898b\u308b\u3079\u304d\u70b9<\/h3>\n\n\n\n

                      \u30d5\u30a1\u30f3\u30c9\u4e3b\u5c0e\u578b\u3067\u306fPE\u30d5\u30a1\u30f3\u30c9\u306e\u6295\u8cc7\u59ff\u52e2<\/a>\u304c\u3001\u7d4c\u55b6\u8005\u5019\u88dc\u4e3b\u5c0e\u578b\u3067\u306f\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9<\/a>\u306e\u8cc7\u91d1\u67a0\u304c\u3001\u305d\u308c\u305e\u308c\u6210\u5426\u3092\u5206\u3051\u307e\u3059\u3002\u8ab0\u3068\u7d44\u3080\u304b\u3067\u4f1a\u793e\u306e5\u5e74\u5f8c\u304c\u307e\u3063\u305f\u304f\u5909\u308f\u308b\u3002\u3053\u3053\u306f\u4fa1\u683c\u4ee5\u4e0a\u306b\u614e\u91cd\u306a\u691c\u8a0e\u304c\u8981\u308b\u90e8\u5206\u3067\u3059\u3002<\/p>\n\n\n\n

                      \u8b72\u6e21\u30aa\u30fc\u30ca\u30fc\u304b\u3089\u898b\u305fMBI\u306e\u30e1\u30ea\u30c3\u30c8<\/h2>\n\n\n\n

                      \u300c\u5916\u90e8\u306e\u4eba\u9593\u306b\u4e57\u3063\u53d6\u3089\u308c\u308b\u300d\u3068\u3044\u3046\u5370\u8c61\u3092\u6301\u305f\u308c\u308b\u3053\u3068\u304c\u3042\u308a\u307e\u3059\u304c\u3001\u5b9f\u614b\u306f\u9006\u306b\u8fd1\u3044\u3068\u3053\u308d\u304c\u3042\u308a\u307e\u3059\u3002\u4f1a\u793e\u3092\u6b8b\u3059\u305f\u3081\u306e\u7a4d\u6975\u7684\u306a\u9078\u629e\u80a2\u3068\u6349\u3048\u305f\u307b\u3046\u304c\u6b63\u78ba\u3067\u3057\u3087\u3046\u3002<\/p>\n\n\n\n

                      \u5916\u90e8\u306e\u7d4c\u55b6\u30ce\u30a6\u30cf\u30a6\u3092\u4e00\u5ea6\u306b\u53d6\u308a\u8fbc\u3081\u308b<\/h3>\n\n\n\n

                      \u540c\u3058\u9854\u3076\u308c\u306720\u5e74\u7d4c\u55b6\u3057\u3066\u3044\u308c\u3070\u3001\u767a\u60f3\u304c\u56fa\u307e\u308b\u306e\u306f\u81ea\u7136\u306a\u3053\u3068\u3002\u7570\u696d\u7a2e\u306e\u77e5\u898b\u3084\u30c7\u30b8\u30bf\u30eb\u6d3b\u7528\u306e\u624b\u6cd5\u304c\u6301\u3061\u8fbc\u307e\u308c\u308b\u3068\u3001\u793e\u5185\u306b\u6ede\u3063\u3066\u3044\u305f\u8b70\u8ad6\u304c\u4e00\u6c17\u306b\u52d5\u304d\u51fa\u3057\u307e\u3059\u3002\u8a2d\u5099\u6295\u8cc7\u3092\u305b\u305a\u306b\u53ce\u76ca\u69cb\u9020\u3060\u3051\u3092\u7d44\u307f\u66ff\u3048\u308b\u3001\u305d\u3093\u306a\u6539\u5584\u4f59\u5730\u306f\u610f\u5916\u3068\u6b8b\u3063\u3066\u3044\u308b\u3082\u306e\u3067\u3059\u3002<\/p>\n\n\n\n

                      \u4f1a\u793e\u306e\u72ec\u7acb\u6027\u3092\u4fdd\u3063\u305f\u307e\u307e\u627f\u7d99\u3067\u304d\u308b<\/h3>\n\n\n\n

                      \u540c\u696d\u306e\u5927\u624b\u306b\u8b72\u6e21\u3057\u305f\u5834\u5408\u3001\u6570\u5e74\u5f8c\u306b\u7d44\u7e54\u304c\u5438\u53ce\u3055\u308c\u793e\u540d\u304c\u6d88\u3048\u308b\u3053\u3068\u3082\u3042\u308a\u307e\u3059\u3002MBI\u3067\u306f\u5bfe\u8c61\u4f1a\u793e\u304c\u72ec\u7acb\u3057\u305f\u6cd5\u4eba\u3068\u3057\u3066\u5b58\u7d9a\u3057\u3001\u5c4b\u53f7\u3082\u770b\u677f\u3082\u305d\u306e\u307e\u307e\u3002\u9577\u304f\u4ed8\u304d\u5408\u3063\u3066\u304d\u305f\u53d6\u5f15\u5148\u3084\u5730\u57df\u3068\u306e\u95a2\u4fc2\u3092\u5b88\u308a\u305f\u3044\u30aa\u30fc\u30ca\u30fc\u306b\u306f\u3001\u3053\u306e\u70b9\u304c\u97ff\u304d\u307e\u3059\u3002<\/p>\n\n\n\n

                      \u5275\u696d\u8005\u5229\u76ca\u3092\u78ba\u5b9a\u3067\u304d\u308b<\/h3>\n\n\n\n

                      \u682a\u5f0f\u3092\u8b72\u6e21\u3057\u3066\u5f97\u305f\u8b72\u6e21\u76ca\u306b\u306f\u3001\u7533\u544a\u5206\u96e2\u8ab2\u7a0e\u3068\u3057\u3066\u6240\u5f97\u7a0e\u30fb\u4f4f\u6c11\u7a0e\u3092\u5408\u308f\u305b\u306620.315\uff05\u304c\u8ab2\u3055\u308c\u307e\u3059\uff08\u56fd\u7a0e\u5e81\u30bf\u30c3\u30af\u30b9\u30a2\u30f3\u30b5\u30fcNo.1463<\/mark><\/a>\uff09\u3002\u5f79\u54e1\u9000\u8077\u91d1\u3068\u306e\u914d\u5206\u8a2d\u8a08\u6b21\u7b2c\u3067\u624b\u53d6\u308a\u306f\u52d5\u304f\u305f\u3081\u3001\u5275\u696d\u8005\u5229\u76ca\u306e\u7a0e\u52d9<\/a>\u306f\u5951\u7d04\u6761\u4ef6\u3092\u8a70\u3081\u308b\u524d\u306b\u8a66\u7b97\u3057\u3066\u304a\u304d\u305f\u3044\u3068\u3053\u308d\u3002<\/p>\n\n\n\n

                      \u6210\u9577\u671f\u5f85\u304c\u8b72\u6e21\u4fa1\u984d\u306b\u4e57\u308a\u3084\u3059\u3044<\/h3>\n\n\n\n

                      MBI\u306e\u8b72\u53d7\u4f01\u696d\u306f\u3001\u73fe\u72b6\u306e\u7d14\u8cc7\u7523\u3067\u306f\u306a\u304f\u5c06\u6765\u306e\u53ce\u76ca\u529b\u3092\u8a55\u4fa1\u3057\u307e\u3059\u3002\u7d50\u679c\u3068\u3057\u3066\u306e\u308c\u3093\u306e\u8a55\u4fa1<\/a>\u304c\u4e0a\u4e57\u305b\u3055\u308c\u3001\u5e33\u7c3f\u4e0a\u306e\u4fa1\u5024\u3092\u8d85\u3048\u308b\u5bfe\u4fa1\u304c\u3064\u304f\u4f59\u5730\u304c\u751f\u307e\u308c\u307e\u3059\u3002\u3068\u306f\u3044\u3048\u671f\u5f85\u5024\u3060\u3051\u3067\u4fa1\u683c\u306f\u6c7a\u307e\u308a\u307e\u305b\u3093\u3002\u4e2d\u5c0f\u4f01\u696dM&A\u306e\u8b72\u6e21\u4fa1\u683c<\/a>\u306e\u8003\u3048\u65b9\u3092\u524d\u63d0\u306b\u636e\u3048\u3066\u304a\u304f\u3079\u304d\u3067\u3059\u3002<\/p>\n\n\n\n

                      MBI\u306e\u30c7\u30e1\u30ea\u30c3\u30c8\u3068\u73fe\u5834\u3067\u8d77\u304d\u3084\u3059\u3044\u554f\u984c<\/h2>\n\n\n\n

                      \u3053\u3053\u304b\u3089\u306f\u3001\u3042\u307e\u308a\u8a9e\u3089\u308c\u306a\u3044\u5074\u9762\u3002\u5f53\u793e\u304c\u95a2\u308f\u3063\u305f\u6848\u4ef6\u3067\u3082\u3001\u4fa1\u683c\u4ea4\u6e09\u3088\u308a\u8b72\u6e21\u5f8c\u306e\u4eba\u306e\u554f\u984c\u3067\u82e6\u52b4\u3057\u305f\u4f8b\u306e\u307b\u3046\u304c\u591a\u3044\u306e\u304c\u5b9f\u611f\u3067\u3059\u3002<\/p>\n\n\n\n

                      \u30ad\u30fc\u30de\u30f3\u306e\u96e2\u8077\u3068\u73fe\u5834\u306e\u6df7\u4e71<\/h3>\n\n\n\n

                      \u3042\u308b\u65e5\u7a81\u7136\u3001\u898b\u77e5\u3089\u306c\u4eba\u7269\u304c\u793e\u9577\u5e2d\u306b\u5ea7\u308b\u3002\u5f93\u696d\u54e1\u304c\u6238\u60d1\u3046\u306e\u306f\u5f53\u7136\u306e\u3053\u3068\u3067\u3059\u3002\u300c\u4eca\u307e\u3067\u306e\u3084\u308a\u65b9\u3092\u5426\u5b9a\u3055\u308c\u305f\u300d\u3068\u53d7\u3051\u53d6\u3063\u305f\u53e4\u53c2\u793e\u54e1\u304c\u8f9e\u3081\u308c\u3070\u3001\u8b72\u53d7\u4f01\u696d\u304c\u8a55\u4fa1\u3057\u305f\u5f37\u307f\u305d\u306e\u3082\u306e\u304c\u5931\u308f\u308c\u304b\u306d\u307e\u305b\u3093\u3002\u793e\u54e1\u3078\u306e\u8aac\u660e\u6642\u671f<\/a>\u306e\u8a2d\u8a08\u306f\u3001\u60f3\u50cf\u4ee5\u4e0a\u306b\u52b9\u304d\u307e\u3059\u3002<\/p>\n\n\n\n

                      \u4f01\u696d\u6587\u5316\u306e\u4e0d\u4e00\u81f4<\/h3>\n\n\n\n

                      \u5bb6\u65cf\u7684\u306a\u793e\u98a8\u306e\u4f1a\u793e\u306b\u3001\u6570\u5024\u7ba1\u7406\u3092\u5fb9\u5e95\u3059\u308b\u7d4c\u55b6\u8005\u304c\u5165\u308b\u3002\u7406\u5c48\u306e\u4e0a\u3067\u306f\u6539\u5584\u3067\u3082\u3001\u73fe\u5834\u306f\u840e\u7e2e\u3057\u307e\u3059\u3002\u8b72\u6e21\u5f8c1\u5e74\u307b\u3069\u3067\u696d\u7e3e\u304c\u3080\u3057\u308d\u843d\u3061\u308b\u4f8b\u3082\u898b\u3066\u304d\u307e\u3057\u305f\u3002\u4f01\u696d\u6587\u5316\u306ePMI<\/a>\u306b\u6642\u9593\u3092\u5272\u3051\u308b\u304b\u3069\u3046\u304b\u304c\u5206\u5c90\u70b9\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n

                      \u7d4c\u55b6\u8005\u4fdd\u8a3c\u304c\u6b8b\u308b\u30ea\u30b9\u30af<\/h3>\n\n\n\n

                      \u4e2d\u5c0f\u4f01\u696d\u5e81\u306e\u4e2d\u5c0fM&A\u30ac\u30a4\u30c9\u30e9\u30a4\u30f3<\/mark><\/a>\uff08\u7b2c3\u7248\uff09\u3067\u306f\u3001\u8b72\u6e21\u5074\u306e\u7d4c\u55b6\u8005\u4fdd\u8a3c\u3092\u78ba\u5b9f\u306b\u89e3\u9664\u307e\u305f\u306f\u8b72\u53d7\u5074\u3078\u79fb\u884c\u3055\u305b\u308b\u5bfe\u5fdc\u304c\u660e\u8a18\u3055\u308c\u3066\u3044\u307e\u3059\u3002\u682a\u5f0f\u3092\u624b\u653e\u3057\u305f\u306e\u306b\u500b\u4eba\u4fdd\u8a3c\u3060\u3051\u6b8b\u308b\u3002\u3053\u306e\u4e8b\u6545\u306f\u4eca\u3082\u8d77\u304d\u3066\u3044\u307e\u3059\u3002\u91d1\u878d\u6a5f\u95a2\u3068\u306e\u4e8b\u524d\u5354\u8b70\u3092\u5951\u7d04\u524d\u306b\u6e08\u307e\u305b\u3066\u304a\u304f\u306e\u304c\u9244\u5247\u3067\u3059\u3002<\/p>\n\n\n\n

                      \u65b0\u7d4c\u55b6\u8005\u3068\u306e\u76f8\u6027\u3092\u898b\u8aa4\u308b\u30ea\u30b9\u30af<\/h3>\n\n\n\n

                      MBI\u3067\u306f\u3001\u682a\u4e3b\u3068\u306a\u308b\u8b72\u53d7\u4f01\u696d\u3060\u3051\u3067\u306a\u304f\u3001\u9001\u308a\u8fbc\u307e\u308c\u308b\u500b\u4eba\u306e\u8cc7\u8cea\u307e\u3067\u304c\u6210\u5426\u3092\u5de6\u53f3\u3057\u307e\u3059\u3002\u7d4c\u6b74\u66f8\u306e\u5b9f\u7e3e\u304c\u81ea\u793e\u306e\u898f\u6a21\u611f\u306b\u5408\u3046\u304b\u3069\u3046\u304b\u3002\u5927\u4f01\u696d\u3067\u6210\u679c\u3092\u51fa\u3057\u305f\u4eba\u304c\u3001\u793e\u54e130\u540d\u306e\u4f1a\u793e\u3067\u540c\u3058\u52d5\u304d\u65b9\u3092\u3067\u304d\u308b\u3068\u306f\u9650\u3089\u306a\u3044\u3068\u3053\u308d\u306b\u96e3\u3057\u3055\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n

                      MBI\u3092\u691c\u8a0e\u3059\u308b\u58f2\u308a\u624b\u306e\u30c1\u30a7\u30c3\u30af\u30ea\u30b9\u30c8<\/h2>\n\n\n\n

                      \u9762\u8ac7\u524d\u306b\u624b\u5143\u3067\u78ba\u8a8d\u3057\u3066\u304a\u304f\u3068\u3001\u5c02\u9580\u5bb6\u3068\u306e\u8b70\u8ad6\u304c\u5177\u4f53\u5316\u3057\u307e\u3059\u3002\u5f53\u793e\u306e\u652f\u63f4\u5b9f\u7e3e<\/a>\u304b\u3089\u62bd\u51fa\u3057\u305f\u9805\u76ee\u3067\u3059\u3002<\/p>\n\n\n\n

                      \u76f8\u624b\u65b9\u306b\u78ba\u8a8d\u3057\u3066\u304a\u304f7\u9805\u76ee<\/h3>\n\n\n\n