{"id":7933,"date":"2026-02-11T11:46:37","date_gmt":"2026-02-11T02:46:37","guid":{"rendered":"https:\/\/mitsukijapan.com\/ma\/?post_type=column&p=7933"},"modified":"2026-02-11T11:46:37","modified_gmt":"2026-02-11T02:46:37","slug":"poison-pill","status":"publish","type":"column","link":"https:\/\/mitsukijapan.com\/ma\/column\/poison-pill\/","title":{"rendered":"\u30dd\u30a4\u30ba\u30f3\u30d4\u30eb\u3068\u306f\uff1f\u4ed5\u7d44\u307f\u3068\u30c7\u30e1\u30ea\u30c3\u30c8\u30fb\u65b0\u682a\u4e88\u7d04\u6a29\u306e\u5c0e\u5165\u4e8b\u4f8b\u3092\u89e3\u8aac"},"content":{"rendered":"\n

\u30dd\u30a4\u30ba\u30f3\u30d4\u30eb\u3068\u306f\u3001\u6575\u5bfe\u7684\u8cb7\u53ce\u8005\u4ee5\u5916\u306e\u682a\u4e3b\u306b\u65b0\u682a\u4e88\u7d04\u6a29\u3092\u4ed8\u4e0e\u3057\u3001\u8cb7\u53ce\u8005\u306e\u6301\u682a\u6bd4\u7387\u3092\u4f4e\u4e0b\u3055\u305b\u308b\u5f37\u529b\u306a\u9632\u885b\u7b56\u3067\u3059\u3002\u300c\u6bd2\u85ac\u6761\u9805\u300d\u3068\u3082\u547c\u3070\u308c\u3001\u7d4c\u55b6\u6a29\u3092\u5b88\u308b\u6642\u9593\u3092\u78ba\u4fdd\u3057\u307e\u3059\u3002\u672c\u8a18\u4e8b\u3067\u306f\u4ed5\u7d44\u307f\u3084\u7a2e\u985e\u3001\u5c0e\u5165\u306e\u30e1\u30ea\u30c3\u30c8\u30fb\u30c7\u30e1\u30ea\u30c3\u30c8\u3001\u6700\u65b0\u4e8b\u4f8b\u3092\u5c02\u9580\u5bb6\u304c\u89e3\u8aac\u3057\u307e\u3059\u3002<\/p>\n\n\n\n

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\"\"<\/a><\/figure>\n<\/div>\n\n\n\n
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\"\"<\/a><\/figure>\n<\/div>\n<\/div>\n\n\n
\n\t\t
\u76ee\u6b21<\/div>\n\t\t
  1. \u30dd\u30a4\u30ba\u30f3\u30d4\u30eb\u306e\u610f\u5473<\/a>
    1. \u6575\u5bfe\u7684\u8cb7\u53ce\u3092\u9632\u3050\u300c\u6bd2\u85ac\u300d\u306e\u4ed5\u7d44\u307f<\/a><\/li><\/ol><\/li>
    2. \u30dd\u30a4\u30ba\u30f3\u30d4\u30eb\u304c\u767a\u52d5\u3059\u308b\u5177\u4f53\u7684\u306a\u6d41\u308c<\/a><\/li>
    3. \u30dd\u30a4\u30ba\u30f3\u30d4\u30eb\u306e\u4e3b\u306a2\u3064\u306e\u7a2e\u985e\u3068\u7279\u5fb4<\/a><\/li>
    4. \u30dd\u30a4\u30ba\u30f3\u30d4\u30eb\u3092\u5c0e\u5165\u3059\u308b3\u3064\u306e\u30e1\u30ea\u30c3\u30c8<\/a>
      1. 1. \u5f37\u529b\u306a\u6291\u6b62\u529b\u306b\u306a\u308b<\/a><\/li>
      2. 2. \u4f01\u696d\u4fa1\u5024\u3068\u682a\u4e3b\u5229\u76ca\u306e\u4fdd\u8b77<\/a><\/li>
      3. 3. \u691c\u8a0e\u30fb\u4ea4\u6e09\u306e\u305f\u3081\u306e\u6642\u9593\u3092\u78ba\u4fdd\u3067\u304d\u308b<\/a><\/li><\/ol><\/li>
      4. \u30dd\u30a4\u30ba\u30f3\u30d4\u30eb\u5c0e\u5165\u306e\u30c7\u30e1\u30ea\u30c3\u30c8\u3068\u30ea\u30b9\u30af<\/a>
        1. 1. \u7d4c\u55b6\u9663\u306e\u4fdd\u8eab\uff08\u30a8\u30f3\u30c8\u30ec\u30f3\u30c1\u30e1\u30f3\u30c8\uff09\u3078\u306e\u6279\u5224<\/a><\/li>
        2. 2. \u6cd5\u7684\u7d1b\u4e89\u306b\u767a\u5c55\u3059\u308b\u53ef\u80fd\u6027<\/a><\/li>
        3. 3. \u682a\u4fa1\u306e\u4e0b\u843d\u3068\u5e0c\u8584\u5316\u306e\u30ea\u30b9\u30af<\/a><\/li><\/ol><\/li>
        4. \u30dd\u30a4\u30ba\u30f3\u30d4\u30eb\u306e\u5c0e\u5165\u4e8b\u4f8b\u3068\u88c1\u5224\u6240\u306e\u5224\u65ad<\/a>
          1. \u30d6\u30eb\u30c9\u30c3\u30af\u30bd\u30fc\u30b9\u4e8b\u4ef6\uff082007\u5e74\uff09\uff1a\u767a\u52d5\u304c\u8a8d\u3081\u3089\u308c\u305f\u4f8b<\/a><\/li>
          2. \u30cb\u30c3\u30dd\u30f3\u653e\u9001\u4e8b\u4ef6\uff082005\u5e74\uff09\uff1a\u767a\u52d5\u304c\u5dee\u3057\u6b62\u3081\u3089\u308c\u305f\u4f8b<\/a><\/li>
          3. \u6700\u8fd1\u306e\u4e8b\u4f8b\uff08\u65b0\u751f\u9280\u884c\u3001\u6771\u4eac\u6a5f\u68b0\u88fd\u4f5c\u6240\u306a\u3069\uff09<\/a><\/li><\/ol><\/li>
          4. \u30dd\u30a4\u30ba\u30f3\u30d4\u30eb\u4ee5\u5916\u306e\u4e3b\u306a\u8cb7\u53ce\u9632\u885b\u7b56<\/a><\/li>
          5. \u56fd\u5185\u5916\u3067\u306e\u5c0e\u5165\u306e\u73fe\u72b6\u3068\u30c8\u30ec\u30f3\u30c9<\/a>
            1. \u7c73\u56fd\u3067\u306f\u300c\u30b7\u30e3\u30c9\u30fc\u30d4\u30eb\u300d\u304c\u4e3b\u6d41<\/a><\/li>
            2. \u65e5\u672c\u56fd\u5185\u306e\u5909\u5316\uff1a\u5e73\u6642\u5c0e\u5165\u304b\u3089\u6709\u4e8b\u5c0e\u5165\u3078<\/a><\/li>
            3. \u5c02\u9580\u5bb6\u306e\u8996\u70b9<\/a><\/li><\/ol><\/li>
            4. \u30dd\u30a4\u30ba\u30f3\u30d4\u30eb\u306b\u95a2\u3059\u308bFAQ<\/a><\/li>
            5. \u307e\u3068\u3081\uff5c\u30dd\u30a4\u30ba\u30f3\u30d4\u30eb\u306e\u610f\u5473<\/a><\/li><\/ol><\/li><\/ol>\n\t<\/div>\n\n\n

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

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

              \u30dd\u30a4\u30ba\u30f3\u30d4\u30eb\u306e\u610f\u5473<\/h2>\n\n\n\n

              \u30dd\u30a4\u30ba\u30f3\u30d4\u30eb\uff08Poison Pill\uff09\u3068\u306f\u3001\u4f01\u696d\u304c\u6575\u5bfe\u7684\u306a\u8cb7\u53ce\u3092\u4ed5\u639b\u3051\u3089\u308c\u305f\u969b\u306b\u3001\u8cb7\u53ce\u8005\u4ee5\u5916\u306e\u65e2\u5b58\u682a\u4e3b\u306b\u5bfe\u3057\u3066\u65b0\u682a\u4e88\u7d04\u6a29\u306a\u3069\u3092\u767a\u884c\u3057\u3001\u8cb7\u53ce\u8005\u306e\u652f\u914d\u6a29\u7372\u5f97\u3092\u56f0\u96e3\u306b\u3059\u308b\u9632\u885b\u7b56\u306e\u3053\u3068\u3067\u3059\u3002 \u6b63\u5f0f\u540d\u79f0\u306f\u300c\u30e9\u30a4\u30c4\u30fb\u30d7\u30e9\u30f3\u300d\uff08Shareholder Rights Plan\uff09\u3068\u547c\u3070\u308c\u30011980\u5e74\u4ee3\u306b\u7c73\u56fd\u306e\u5f01\u8b77\u58eb\u30de\u30fc\u30c6\u30a3\u30f3\u30fb\u30ea\u30d7\u30c8\u30f3\u6c0f\u306b\u3088\u3063\u3066\u8003\u6848\u3055\u308c\u307e\u3057\u305f\u3002<\/p>\n\n\n\n

              \u25b7\u95a2\u9023\uff1a\u6575\u5bfe\u7684\u8cb7\u53ce\u3068\u306f\uff1fTOB\u985e\u578b\u30fb\u9632\u885b\u7b56\u306f\u4e2d\u5c0f\u4f01\u696d\u306b\u4e0d\u8981\u30fb\u65e5\u672c\u306e\u4e8b\u4f8b<\/a><\/p>\n\n\n\n

              \u6575\u5bfe\u7684\u8cb7\u53ce\u3092\u9632\u3050\u300c\u6bd2\u85ac\u300d\u306e\u4ed5\u7d44\u307f<\/h3>\n\n\n\n

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              \u25b7\u95a2\u9023\uff1a\u4f01\u696d\u8cb7\u53ce\u3068\u306f\uff1f\u76ee\u7684\u30fb\u5229\u70b9\u3068\u6b20\u70b9\u30fb\u7a2e\u985e\u3068\u624b\u6cd5\u30fb\u6d41\u308c\u30fbM&A\u306e\u6ce8\u610f\u70b9<\/a><\/p>\n\n\n\n

              \u30dd\u30a4\u30ba\u30f3\u30d4\u30eb\u304c\u767a\u52d5\u3059\u308b\u5177\u4f53\u7684\u306a\u6d41\u308c<\/h2>\n\n\n\n

              \u30dd\u30a4\u30ba\u30f3\u30d4\u30eb\u306f\u3001\u4e3b\u306b\u65b0\u682a\u4e88\u7d04\u6a29\u306e\u4ed5\u7d44\u307f\u3092\u5229\u7528\u3057\u3066\u6575\u5bfe\u7684\u8cb7\u53ce\u8005\u306e\u6301\u682a\u6bd4\u7387\u3092\u4f4e\u4e0b\u3055\u305b\u307e\u3059\u3002 \u5177\u4f53\u7684\u306a\u767a\u52d5\u30e1\u30ab\u30cb\u30ba\u30e0\u306f\u4ee5\u4e0b\u306e\u901a\u308a\u3067\u3059\u3002<\/p>\n\n\n\n

                \n
              1. \u8b66\u544a\u30fb\u5c0e\u5165<\/strong>\uff1a\u5e73\u6642\u307e\u305f\u306f\u6709\u4e8b\u306b\u3001\u4f01\u696d\u306f\u300c\u7279\u5b9a\u306e\u8cb7\u53ce\u8005\u304c\u4e00\u5b9a\u5272\u5408\uff08\u4f8b\uff1a20%\uff09\u4ee5\u4e0a\u306e\u682a\u5f0f\u3092\u53d6\u5f97\u3057\u305f\u5834\u5408\u3001\u5bfe\u6297\u63aa\u7f6e\u3092\u53d6\u308b\u300d\u3068\u3044\u3046\u30eb\u30fc\u30eb\u3092\u8a2d\u3051\u307e\u3059\u3002<\/li>\n\n\n\n
              2. \u65b0\u682a\u4e88\u7d04\u6a29\u306e\u767a\u884c<\/strong>\uff1a\u8cb7\u53ce\u8005\u304c\u30eb\u30fc\u30eb\u3092\u7121\u8996\u3057\u3066\u8cb7\u3044\u5897\u3057\u3092\u884c\u3063\u305f\u5834\u5408\u3001\u4f01\u696d\u306f\u8cb7\u53ce\u8005\u4ee5\u5916\u306e\u5168\u682a\u4e3b\u306b\u65b0\u682a\u4e88\u7d04\u6a29\u3092\u7121\u511f\uff08\u307e\u305f\u306f\u5b89\u4fa1\uff09\u3067\u914d\u5e03\u3057\u307e\u3059\u3002<\/li>\n\n\n\n
              3. \u6a29\u5229\u306e\u884c\u4f7f<\/strong>\uff1a\u65e2\u5b58\u682a\u4e3b\u306f\u6a29\u5229\u3092\u884c\u4f7f\u3057\u3001\u5e02\u5834\u4fa1\u683c\u3088\u308a\u5927\u5e45\u306b\u5b89\u3044\u4fa1\u683c\uff08\u4f8b\uff1a1\u5186\u306a\u3069\uff09\u3067\u65b0\u682a\u3092\u53d6\u5f97\u3057\u307e\u3059\u3002\u3053\u306e\u6642\u3001\u8cb7\u53ce\u8005\u306b\u306f\u6a29\u5229\u884c\u4f7f\u3092\u8a8d\u3081\u306a\u3044\u300c\u5dee\u5225\u7684\u884c\u4f7f\u6761\u4ef6\u300d\u304c\u4ed8\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/li>\n\n\n\n
              4. \u5e0c\u8584\u5316\uff08\u30c0\u30a4\u30ea\u30e5\u30fc\u30b7\u30e7\u30f3\uff09<\/strong>\uff1a\u5e02\u5834\u306b\u5927\u91cf\u306e\u682a\u5f0f\u304c\u4f9b\u7d66\u3055\u308c\u308b\u3053\u3068\u3067\u3001\u8cb7\u53ce\u8005\u304c\u4fdd\u6709\u3059\u308b\u682a\u5f0f\u306e\u5272\u5408\uff08\u8b70\u6c7a\u6a29\u6bd4\u7387\uff09\u304c\u76f8\u5bfe\u7684\u306b\u4f4e\u4e0b\u3057\u307e\u3059\u3002\u3053\u308c\u306b\u3088\u308a\u3001\u8cb7\u53ce\u8005\u306f\u904e\u534a\u6570\u306e\u53d6\u5f97\u304c\u56f0\u96e3\u306b\u306a\u308a\u307e\u3059\u3002<\/li>\n<\/ol>\n\n\n\n

                \u25b7\u95a2\u9023\uff1aM&A\u306e\u8cb7\u53ce\u9632\u885b\u7b56\u3068\u306f\uff1f\u5fc5\u8981\u6027\u30fb\u7a2e\u985e\u4e00\u89a7\u30fb\u624b\u9806\u30fb\u5c0e\u5165\u4f01\u696d\u306e\u5177\u4f53\u4f8b<\/a><\/p>\n\n\n\n

                \u30dd\u30a4\u30ba\u30f3\u30d4\u30eb\u306e\u4e3b\u306a2\u3064\u306e\u7a2e\u985e\u3068\u7279\u5fb4<\/h2>\n\n\n\n

                \u65e5\u672c\u3067\u5c0e\u5165\u3055\u308c\u3066\u3044\u308b\u30dd\u30a4\u30ba\u30f3\u30d4\u30eb\u306f\u3001\u5927\u304d\u304f\u5206\u3051\u3066\u300c\u4e8b\u524d\u8b66\u544a\u578b\u300d\u3068\u300c\u4fe1\u8a17\u578b\u300d\u306e2\u7a2e\u985e\u304c\u3042\u308a\u307e\u3059\u3002 \u305d\u308c\u305e\u308c\u306e\u7279\u5fb4\u3092\u4e0b\u8868\u306b\u307e\u3068\u3081\u307e\u3057\u305f\u3002<\/p>\n\n\n\n

                \u7a2e\u985e<\/th>\u6982\u8981<\/th>\u30e1\u30ea\u30c3\u30c8<\/th>\u30c7\u30e1\u30ea\u30c3\u30c8<\/th><\/tr><\/thead>
                \u4e8b\u524d\u8b66\u544a\u578b<\/strong><\/td>\u8cb7\u53ce\u8005\u304c\u73fe\u308c\u305f\u969b\u306b\u3001\u4e8b\u524d\u306b\u5b9a\u3081\u305f\u30eb\u30fc\u30eb\u306b\u5f93\u3044\u8b66\u544a\u3057\u3001\u5f93\u308f\u306a\u3044\u5834\u5408\u306b\u767a\u52d5\u3059\u308b\u624b\u6cd5\u3002<\/td>\u5e73\u6642\u306b\u5c0e\u5165\u3057\u3084\u3059\u304f\u3001\u682a\u4e3b\u3078\u306e\u8aac\u660e\u304c\u3057\u3084\u3059\u3044\u3002<\/td>\u30eb\u30fc\u30eb\u81ea\u4f53\u304c\u8cb7\u53ce\u8005\u306e\u624b\u306e\u5185\u3092\u660e\u304b\u3059\u3053\u3068\u306b\u306a\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u3002<\/td><\/tr>
                \u4fe1\u8a17\u578b<\/strong><\/td>\u3042\u3089\u304b\u3058\u3081\u4fe1\u8a17\u9280\u884c\u7b49\u306b\u65b0\u682a\u4e88\u7d04\u6a29\u3092\u767a\u884c\u30fb\u9810\u8a17\u3057\u3066\u304a\u304d\u3001\u6709\u4e8b\u306b\u682a\u4e3b\u3078\u4ea4\u4ed8\u3059\u308b\u624b\u6cd5\u3002<\/td>\u624b\u7d9a\u304d\u304c\u8fc5\u901f\u3067\u3001\u78ba\u5b9f\u306b\u767a\u52d5\u3067\u304d\u308b\u3002<\/td>\u4fe1\u8a17\u624b\u6570\u6599\u306a\u3069\u306e\u7dad\u6301\u30b3\u30b9\u30c8\u304c\u304b\u304b\u308b\u3002<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

                \u65e5\u672c\u3067\u306f\u3001\u682a\u4e3b\u7dcf\u4f1a\u3067\u306e\u627f\u8a8d\u30d7\u30ed\u30bb\u30b9\u3092\u91cd\u8996\u3059\u308b\u50be\u5411\u304b\u3089\u3001\u4e8b\u524d\u8b66\u544a\u578b\u304c\u4e00\u822c\u7684\u3067\u3059\u3002 \u307e\u305f\u3001\u8fd1\u5e74\u3067\u306f\u5e73\u6642\u306b\u306f\u5c0e\u5165\u305b\u305a\u3001\u8cb7\u53ce\u63d0\u6848\u304c\u3042\u3063\u3066\u304b\u3089\u5c0e\u5165\u3059\u308b\u300c\u6709\u4e8b\u5c0e\u5165\u578b\u300d\u3082\u5897\u3048\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n

                \u25b7\u95a2\u9023\uff1a\u30b9\u30bf\u30f3\u30c9\u30b9\u30c6\u30a3\u30eb\u6761\u9805\u3068\u306f\uff1f\u610f\u5473\u30fbM&A\u3067\u306e\u30e1\u30ea\u30c3\u30c8\u30fb\u5229\u7528\u4e8b\u4f8b<\/a><\/p>\n\n\n\n

                \u30dd\u30a4\u30ba\u30f3\u30d4\u30eb\u3092\u5c0e\u5165\u3059\u308b3\u3064\u306e\u30e1\u30ea\u30c3\u30c8<\/h2>\n\n\n\n

                \u4f01\u696d\u304c\u30dd\u30a4\u30ba\u30f3\u30d4\u30eb\u3092\u5c0e\u5165\u3059\u308b\u6700\u5927\u306e\u5229\u70b9\u306f\u3001\u7d4c\u55b6\u306e\u652f\u914d\u6a29\u3092\u5b88\u308b\u305f\u3081\u306e\u300c\u6642\u9593\u300d\u3068\u300c\u4ea4\u6e09\u529b\u300d\u3092\u5f97\u3089\u308c\u308b\u70b9\u306b\u3042\u308a\u307e\u3059\u3002 \u5358\u306b\u8cb7\u53ce\u3092\u62d2\u5426\u3059\u308b\u3060\u3051\u3067\u306a\u304f\u3001\u682a\u4e3b\u5229\u76ca\u3092\u5b88\u308b\u305f\u3081\u306e\u5b9f\u52d9\u7684\u306a\u52b9\u679c\u304c\u671f\u5f85\u3067\u304d\u307e\u3059\u3002<\/p>\n\n\n\n

                1. \u5f37\u529b\u306a\u6291\u6b62\u529b\u306b\u306a\u308b<\/h3>\n\n\n\n

                \u8cb7\u53ce\u8005\u306b\u3068\u3063\u3066\u3001\u30dd\u30a4\u30ba\u30f3\u30d4\u30eb\u304c\u767a\u52d5\u3055\u308c\u308b\u3068\u3001\u6295\u3058\u305f\u8cc7\u91d1\u304c\u7121\u99c4\u306b\u306a\u308a\u3001\u8cb7\u53ce\u30b3\u30b9\u30c8\u304c\u8df3\u306d\u4e0a\u304c\u308b\u30ea\u30b9\u30af\u304c\u3042\u308a\u307e\u3059\u3002 \u3053\u306e\u7d4c\u6e08\u7684\u306a\u4e0d\u5229\u76ca\uff08\u6bd2\u85ac\uff09\u304c\u5b58\u5728\u3059\u308b\u3053\u3068\u81ea\u4f53\u304c\u3001\u5b89\u6613\u306a\u8cb7\u53ce\u63d0\u6848\u3084\u5f37\u5f15\u306a\u8cb7\u3044\u5360\u3081\u3092\u601d\u3044\u3068\u3069\u307e\u3089\u305b\u308b\u5f37\u529b\u306a\u6291\u6b62\u529b\u3068\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n

                2. \u4f01\u696d\u4fa1\u5024\u3068\u682a\u4e3b\u5229\u76ca\u306e\u4fdd\u8b77<\/h3>\n\n\n\n

                \u77ed\u671f\u7684\u306a\u5229\u76ca\u306e\u307f\u3092\u8ffd\u6c42\u3059\u308b\u300c\u7565\u596a\u7684\u300d\u306a\u8cb7\u53ce\u8005\u304b\u3089\u4f1a\u793e\u3092\u5b88\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002 \u4f8b\u3048\u3070\u3001\u4f1a\u793e\u306e\u8cc7\u7523\u3092\u5207\u308a\u58f2\u308a\u3059\u308b\u3088\u3046\u306a\u8cb7\u53ce\u8005\u304c\u73fe\u308c\u305f\u5834\u5408\u3001\u30dd\u30a4\u30ba\u30f3\u30d4\u30eb\u306b\u3088\u3063\u3066\u9632\u885b\u3059\u308b\u3053\u3068\u3067\u3001\u4e2d\u9577\u671f\u7684\u306a\u4f01\u696d\u4fa1\u5024\u3084\u3001\u53d6\u5f15\u5148\u30fb\u5f93\u696d\u54e1\u3068\u3044\u3063\u305f\u30b9\u30c6\u30fc\u30af\u30db\u30eb\u30c0\u30fc\u306e\u5229\u76ca\u3092\u5b88\u308b\u3053\u3068\u304c\u53ef\u80fd\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n

                3. \u691c\u8a0e\u30fb\u4ea4\u6e09\u306e\u305f\u3081\u306e\u6642\u9593\u3092\u78ba\u4fdd\u3067\u304d\u308b<\/h3>\n\n\n\n

                \u7a81\u7136\u306eTOB\uff08\u682a\u5f0f\u516c\u958b\u8cb7\u4ed8\uff09\u306a\u3069\u306b\u5bfe\u3057\u3001\u7d4c\u55b6\u9663\u306f\u4ee3\u66ff\u6848\u306e\u7b56\u5b9a\u3084\u3001\u8cb7\u53ce\u8005\u3068\u306e\u4ea4\u6e09\u3092\u884c\u3046\u6642\u9593\u3092\u78ba\u4fdd\u3067\u304d\u307e\u3059\u3002 \u30ea\u30d7\u30c8\u30f3\u5f01\u8b77\u58eb\u3082\u8ff0\u3079\u3066\u3044\u308b\u3088\u3046\u306b\u3001\u30dd\u30a4\u30ba\u30f3\u30d4\u30eb\u306e\u771f\u306e\u72d9\u3044\u306f\u300c\u8cb7\u53ce\u653b\u52e2\u306b\u5bfe\u51e6\u3059\u308b\u305f\u3081\u306e\u5341\u5206\u306a\u6642\u9593\u3092\u78ba\u4fdd\u3059\u308b\u3053\u3068\u300d\u306b\u3042\u308a\u307e\u3059\u3002 \u3053\u308c\u306b\u3088\u308a\u3001\u682a\u4e3b\u304c\u5341\u5206\u306a\u60c5\u5831\u306b\u57fa\u3065\u3044\u3066\u5224\u65ad\u3067\u304d\u308b\u74b0\u5883\u3092\u6574\u3048\u307e\u3059\u3002<\/p>\n\n\n\n

                \u25b7\u95a2\u9023\uff1aTOB\u3068\u306f\uff1fM&A\u30fbLBO\u30fbMBO\u3068\u306e\u9055\u3044\u3001\u6539\u6b63\uff13\uff10\uff05\u30eb\u30fc\u30eb<\/a><\/p>\n\n\n\n

                \u30dd\u30a4\u30ba\u30f3\u30d4\u30eb\u5c0e\u5165\u306e\u30c7\u30e1\u30ea\u30c3\u30c8\u3068\u30ea\u30b9\u30af<\/h2>\n\n\n\n

                \u4e00\u65b9\u3067\u3001\u30dd\u30a4\u30ba\u30f3\u30d4\u30eb\u306b\u306f\u7121\u8996\u3067\u304d\u306a\u3044\u526f\u4f5c\u7528\u3082\u3042\u308a\u307e\u3059\u3002\u5c0e\u5165\u3092\u691c\u8a0e\u3059\u308b\u969b\u306f\u3001\u4ee5\u4e0b\u306e\u30ea\u30b9\u30af\u3092\u614e\u91cd\u306b\u8a55\u4fa1\u3059\u308b\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n

                1. \u7d4c\u55b6\u9663\u306e\u4fdd\u8eab\uff08\u30a8\u30f3\u30c8\u30ec\u30f3\u30c1\u30e1\u30f3\u30c8\uff09\u3078\u306e\u6279\u5224<\/h3>\n\n\n\n

                \u672c\u6765\u4ea4\u4ee3\u3059\u3079\u304d\u7121\u80fd\u306a\u7d4c\u55b6\u9663\u304c\u3001\u30dd\u30a4\u30ba\u30f3\u30d4\u30eb\u3092\u76fe\u306b\u3057\u3066\u5c45\u5ea7\u308b\u30ea\u30b9\u30af\uff08\u30a8\u30f3\u30c8\u30ec\u30f3\u30c1\u30e1\u30f3\u30c8\uff09\u304c\u6307\u6458\u3055\u308c\u3066\u3044\u307e\u3059\u3002 \u6a5f\u95a2\u6295\u8cc7\u5bb6\u3084\u30a2\u30af\u30c6\u30a3\u30d3\u30b9\u30c8\u306f\u3001\u7d4c\u55b6\u9663\u304c\u81ea\u8eab\u306e\u5730\u4f4d\u3092\u5b88\u308b\u305f\u3081\u306b\u9632\u885b\u7b56\u3092\u60aa\u7528\u3059\u308b\u3053\u3068\u3092\u5f37\u304f\u8b66\u6212\u3057\u3066\u304a\u308a\u3001\u5c0e\u5165\u306b\u53cd\u5bfe\u3059\u308b\u30b1\u30fc\u30b9\u3082\u5c11\u306a\u304f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n\n\n\n

                2. \u6cd5\u7684\u7d1b\u4e89\u306b\u767a\u5c55\u3059\u308b\u53ef\u80fd\u6027<\/h3>\n\n\n\n

                \u8cb7\u53ce\u8005\u304c\u30dd\u30a4\u30ba\u30f3\u30d4\u30eb\u306e\u767a\u52d5\u3092\u4e0d\u670d\u3068\u3057\u3066\u3001\u88c1\u5224\u6240\u306b\u300c\u65b0\u682a\u767a\u884c\u5dee\u6b62\u4eee\u51e6\u5206\u300d\u3092\u7533\u3057\u7acb\u3066\u308b\u30ea\u30b9\u30af\u304c\u3042\u308a\u307e\u3059\u3002 \u904e\u53bb\u306e\u4e8b\u4f8b\u3067\u3082\u3001\u88c1\u5224\u6240\u304c\u682a\u4e3b\u5e73\u7b49\u306e\u539f\u5247\u3084\u5c0e\u5165\u76ee\u7684\u306e\u6b63\u5f53\u6027\u3092\u53b3\u3057\u304f\u5be9\u67fb\u3057\u3066\u304a\u308a\u3001\u5834\u5408\u306b\u3088\u3063\u3066\u306f\u9632\u885b\u7b56\u304c\u7121\u52b9\u3068\u3055\u308c\u308b\u3053\u3068\u3082\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n

                3. \u682a\u4fa1\u306e\u4e0b\u843d\u3068\u5e0c\u8584\u5316\u306e\u30ea\u30b9\u30af<\/h3>\n\n\n\n

                \u767a\u52d5\u6642\u306b\u306f\u5927\u91cf\u306e\u65b0\u682a\u304c\u767a\u884c\u3055\u308c\u308b\u305f\u3081\u30011\u682a\u3042\u305f\u308a\u306e\u4fa1\u5024\u304c\u5e0c\u8584\u5316\u3057\u3001\u682a\u4fa1\u304c\u4e0b\u843d\u3059\u308b\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u3002 \u307e\u305f\u3001\u5c0e\u5165\u3092\u767a\u8868\u3057\u305f\u3060\u3051\u3067\u300c\u7d4c\u55b6\u9663\u304c\u4fdd\u8eab\u306b\u8d70\u3063\u3066\u3044\u308b\u300d\u300c\u8cb7\u53ce\u306b\u3088\u308b\u30d7\u30ec\u30df\u30a2\u30e0\uff08\u682a\u4fa1\u4e0a\u6607\uff09\u304c\u671f\u5f85\u3067\u304d\u306a\u3044\u300d\u3068\u5e02\u5834\u306b\u53d7\u3051\u6b62\u3081\u3089\u308c\u3001\u682a\u4fa1\u304c\u4e0b\u304c\u308b\u30b1\u30fc\u30b9\u3082\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n

                \u25b7\u95a2\u9023\uff1aM&A\u3067\u682a\u4fa1\u306f\u3069\u3046\u306a\u308b\uff1f\u8cb7\u53ce\u3067\u4e0a\u304c\u308b\u30fb\u4e0b\u304c\u308b\u7406\u7531\u3001\u5f71\u97ff\u3057\u305f\u4e8b\u4f8b<\/a><\/p>\n\n\n\n

                \u30dd\u30a4\u30ba\u30f3\u30d4\u30eb\u306e\u5c0e\u5165\u4e8b\u4f8b\u3068\u88c1\u5224\u6240\u306e\u5224\u65ad<\/h2>\n\n\n\n

                \u30dd\u30a4\u30ba\u30f3\u30d4\u30eb\u306e\u6709\u52b9\u6027\u3092\u3081\u3050\u3063\u3066\u306f\u3001\u904e\u53bb\u306b\u3044\u304f\u3064\u304b\u306e\u91cd\u8981\u306a\u53f8\u6cd5\u5224\u65ad\u304c\u793a\u3055\u308c\u3066\u3044\u307e\u3059\u3002\u3053\u308c\u3089\u306f\u5b9f\u52d9\u4e0a\u306e\u30ac\u30a4\u30c9\u30e9\u30a4\u30f3\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n

                \u30d6\u30eb\u30c9\u30c3\u30af\u30bd\u30fc\u30b9\u4e8b\u4ef6\uff082007\u5e74\uff09\uff1a\u767a\u52d5\u304c\u8a8d\u3081\u3089\u308c\u305f\u4f8b<\/h3>\n\n\n\n

                \u7c73\u7cfb\u30d5\u30a1\u30f3\u30c9\u306e\u30b9\u30c6\u30a3\u30fc\u30eb\u30fb\u30d1\u30fc\u30c8\u30ca\u30fc\u30ba\u306b\u3088\u308b\u8cb7\u53ce\u63d0\u6848\u306b\u5bfe\u3057\u3001\u30d6\u30eb\u30c9\u30c3\u30af\u30bd\u30fc\u30b9\u306f\u30dd\u30a4\u30ba\u30f3\u30d4\u30eb\u3092\u767a\u52d5\u3057\u307e\u3057\u305f\u3002 \u6700\u9ad8\u88c1\u306f\u3001\u682a\u4e3b\u7dcf\u4f1a\u3067\u5727\u5012\u7684\u591a\u6570\u306e\u627f\u8a8d\u3092\u5f97\u3066\u3044\u308b\u3053\u3068\u306a\u3069\u3092\u7406\u7531\u306b\u3001\u300c\u682a\u4e3b\u81ea\u8eab\u306e\u5224\u65ad\u300d\u3068\u3057\u3066\u9632\u885b\u7b56\u3092\u9069\u6cd5\u3068\u8a8d\u3081\u307e\u3057\u305f\u3002\u3053\u308c\u306f\u65e5\u672c\u3067\u30dd\u30a4\u30ba\u30f3\u30d4\u30eb\u304c\u5b9a\u7740\u3059\u308b\u5951\u6a5f\u3068\u306a\u3063\u305f\u91cd\u8981\u306a\u5224\u4f8b\u3067\u3059\u3002<\/p>\n\n\n\n

                \u30cb\u30c3\u30dd\u30f3\u653e\u9001\u4e8b\u4ef6\uff082005\u5e74\uff09\uff1a\u767a\u52d5\u304c\u5dee\u3057\u6b62\u3081\u3089\u308c\u305f\u4f8b<\/h3>\n\n\n\n

                \u30e9\u30a4\u30d6\u30c9\u30a2\u306b\u3088\u308b\u30cb\u30c3\u30dd\u30f3\u653e\u9001\u3078\u306e\u6575\u5bfe\u7684\u8cb7\u53ce\u306b\u5bfe\u3057\u3001\u30cb\u30c3\u30dd\u30f3\u653e\u9001\u306f\u65b0\u682a\u4e88\u7d04\u6a29\u306e\u767a\u884c\u3092\u8a66\u307f\u307e\u3057\u305f\u3002 \u3057\u304b\u3057\u3001\u6771\u4eac\u9ad8\u88c1\u306f\u3001\u3053\u308c\u3092\u300c\u7d4c\u55b6\u652f\u914d\u6a29\u306e\u7dad\u6301\u304c\u4e3b\u76ee\u7684\u3067\u3042\u308a\u3001\u8457\u3057\u304f\u4e0d\u516c\u6b63\u306a\u65b9\u6cd5\u300d\u3068\u5224\u65ad\u3057\u3001\u767a\u884c\u3092\u5dee\u3057\u6b62\u3081\u307e\u3057\u305f\u3002 \u3053\u306e\u4e8b\u4f8b\u306f\u3001\u5e73\u6642\u306e\u5c0e\u5165\u3084\u682a\u4e3b\u306e\u610f\u601d\u78ba\u8a8d\u304c\u306a\u3044\u307e\u307e\u306e\u7a81\u767a\u7684\u306a\u767a\u52d5\u306f\u8a8d\u3081\u3089\u308c\u306b\u304f\u3044\u3053\u3068\u3092\u793a\u5506\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n

                \u6700\u8fd1\u306e\u4e8b\u4f8b\uff08\u65b0\u751f\u9280\u884c\u3001\u6771\u4eac\u6a5f\u68b0\u88fd\u4f5c\u6240\u306a\u3069\uff09<\/h3>\n\n\n\n

                \u8fd1\u5e74\u3067\u306f\u3001\u65b0\u751f\u9280\u884c\u304cSBI\u30db\u30fc\u30eb\u30c7\u30a3\u30f3\u30b0\u30b9\u306b\u5bfe\u3057\u3066\u30dd\u30a4\u30ba\u30f3\u30d4\u30eb\u5c0e\u5165\u3092\u8a66\u307f\u307e\u3057\u305f\u304c\u3001\u682a\u4e3b\u7dcf\u4f1a\u3067\u306e\u5426\u6c7a\u61f8\u5ff5\u304b\u3089\u64a4\u56de\u306b\u81f3\u308a\u307e\u3057\u305f\u3002 \u4e00\u65b9\u3001\u6771\u4eac\u6a5f\u68b0\u88fd\u4f5c\u6240\u3084\u65e5\u90a6\u7523\u696d\u306e\u4e8b\u4f8b\u3067\u306f\u3001\u6709\u4e8b\u5c0e\u5165\u578b\u306e\u30dd\u30a4\u30ba\u30f3\u30d4\u30eb\u304c\u53f8\u6cd5\u306b\u4e00\u5b9a\u7a0b\u5ea6\u8a8d\u3081\u3089\u308c\u308b\u306a\u3069\u3001\u72b6\u6cc1\u306b\u5fdc\u3058\u305f\u5224\u65ad\u304c\u7d9a\u3044\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n

                \u25b7\u95a2\u9023\uff1a\u30d7\u30ed\u30ad\u30b7\u30fc\u30d5\u30a1\u30a4\u30c8\u3068\u306f\uff1f\u59d4\u4efb\u72b6\u4e89\u596a\u6226\u306e\u8cb7\u53ce\u9632\u885b\u7b56\u306e\u4e8b\u4f8b\u3082\u89e3\u8aac<\/a><\/p>\n\n\n\n

                \u30dd\u30a4\u30ba\u30f3\u30d4\u30eb\u4ee5\u5916\u306e\u4e3b\u306a\u8cb7\u53ce\u9632\u885b\u7b56<\/h2>\n\n\n\n

                \u30dd\u30a4\u30ba\u30f3\u30d4\u30eb\u4ee5\u5916\u306b\u3082\u3001\u4f01\u696d\u9632\u885b\u306e\u305f\u3081\u306e\u624b\u6cd5\u306f\u591a\u6570\u5b58\u5728\u3057\u307e\u3059\u3002 \u4ee3\u8868\u7684\u306a\u624b\u6cd5\u3092\u4e0b\u8868\u306b\u6574\u7406\u3057\u307e\u3057\u305f\u3002<\/p>\n\n\n\n

                \u624b\u6cd5\u540d<\/th>\u6982\u8981<\/th>\u52b9\u679c\u3068\u6ce8\u610f\u70b9<\/th><\/tr><\/thead>
                \u30db\u30ef\u30a4\u30c8\u30ca\u30a4\u30c8<\/strong>
                \uff08\u767d\u99ac\u306e\u9a0e\u58eb\uff09<\/td>                		\u53cb\u597d\u7684\u306a\u7b2c\u4e09\u8005\u306b\u8cb7\u53ce\u30fb\u5408\u4f75\u3057\u3066\u3082\u3089\u3046\u624b\u6cd5\u3002<\/td>\u8cb7\u53ce\u306f\u9632\u3052\u308b\u304c\u3001\u7d4c\u55b6\u306e\u72ec\u7acb\u6027\u306f\u5931\u308f\u308c\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u3002<\/td><\/tr>
                \u30d1\u30c3\u30af\u30de\u30f3\u30c7\u30a3\u30d5\u30a7\u30f3\u30b9<\/strong><\/td>\u8cb7\u53ce\u3092\u4ed5\u639b\u3051\u3089\u308c\u305f\u4f01\u696d\u304c\u3001\u9006\u306b\u76f8\u624b\u4f01\u696d\u3092\u8cb7\u53ce\u3057\u8fd4\u3059\u624b\u6cd5\u3002<\/td>\u83ab\u5927\u306a\u8cc7\u91d1\u304c\u5fc5\u8981\u3067\u3001\u6ce5\u6cbc\u5316\u3059\u308b\u30ea\u30b9\u30af\u304c\u3042\u308b\u3002<\/td><\/tr>
                \u30b4\u30fc\u30eb\u30c7\u30f3\u30d1\u30e9\u30b7\u30e5\u30fc\u30c8<\/strong><\/td>\u7d4c\u55b6\u9663\u306e\u9000\u8077\u91d1\u3092\u5de8\u984d\u306b\u8a2d\u5b9a\u3057\u3001\u89e3\u4efb\u6642\u306e\u30b3\u30b9\u30c8\u3092\u4e0a\u3052\u308b\u624b\u6cd5\u3002<\/td>\u682a\u4e3b\u304b\u3089\u306e\u6279\u5224\u3092\u62db\u304d\u3084\u3059\u3044\u3002<\/td><\/tr>
                \u30af\u30e9\u30a6\u30f3\u30b8\u30e5\u30a8\u30eb<\/strong>
                \uff08\u7126\u571f\u4f5c\u6226\uff09<\/td>                		\u91cd\u8981\u306a\u8cc7\u7523\u3084\u4e8b\u696d\u3092\u58f2\u5374\u3057\u3001\u4f01\u696d\u306e\u9b45\u529b\u3092\u4f4e\u4e0b\u3055\u305b\u308b\u624b\u6cd5\u3002<\/td>\u4f01\u696d\u4fa1\u5024\u305d\u306e\u3082\u306e\u3092\u6bc0\u640d\u3059\u308b\u305f\u3081\u3001\u682a\u4e3b\u4ee3\u8868\u8a34\u8a1f\u306e\u30ea\u30b9\u30af\u304c\u3042\u308b\u3002<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

                \u3053\u308c\u3089\u306f\u72b6\u6cc1\u306b\u5fdc\u3058\u3066\u4f7f\u3044\u5206\u3051\u3089\u308c\u307e\u3059\u304c\u3001\u30dd\u30a4\u30ba\u30f3\u30d4\u30eb\u307b\u3069\u76f4\u63a5\u7684\u306b\u6301\u682a\u6bd4\u7387\u3092\u64cd\u4f5c\u3067\u304d\u308b\u3082\u306e\u306f\u5c11\u306a\u304f\u3001\u305d\u308c\u305e\u308c\u306b\u526f\u4f5c\u7528\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n

                \u25b7\u95a2\u9023\uff1a\u30db\u30ef\u30a4\u30c8\u30ca\u30a4\u30c8\u3068\u306f\uff1f\u6575\u5bfe\u7684\u8cb7\u53ce\u3078\u306e\u9632\u885b\u7b56\u30fb\u53cb\u597d\u7684\u682a\u4e3b\u306e\u65e5\u672c\u306e\u4e8b\u4f8b<\/a><\/p>\n\n\n\n

                \u25b7\u95a2\u9023\uff1a\u7126\u571f\u4f5c\u6226\uff08\u30af\u30e9\u30a6\u30f3\u30fb\u30b8\u30e5\u30a8\u30eb\uff09\u3068\u306f\uff1f\u300c\u540c\u610f\u306a\u304d\u8cb7\u53ce\u300d\u3078\u306e\u9632\u885b\u7b56<\/a><\/p>\n\n\n\n

                \u56fd\u5185\u5916\u3067\u306e\u5c0e\u5165\u306e\u73fe\u72b6\u3068\u30c8\u30ec\u30f3\u30c9<\/h2>\n\n\n\n

                \u30dd\u30a4\u30ba\u30f3\u30d4\u30eb\u3092\u53d6\u308a\u5dfb\u304f\u74b0\u5883\u306f\u3001\u6642\u4ee3\u3068\u3068\u3082\u306b\u5909\u5316\u3057\u3066\u3044\u307e\u3059\u3002 \u7279\u306b\u8fd1\u5e74\u306f\u300c\u540c\u610f\u306a\u304d\u8cb7\u53ce\u300d\u306e\u5897\u52a0\u306b\u3088\u308a\u3001\u518d\u8a55\u4fa1\u306e\u52d5\u304d\u304c\u898b\u3089\u308c\u307e\u3059\u3002<\/p>\n\n\n\n

                \u7c73\u56fd\u3067\u306f\u300c\u30b7\u30e3\u30c9\u30fc\u30d4\u30eb\u300d\u304c\u4e3b\u6d41<\/h3>\n\n\n\n

                \u30dd\u30a4\u30ba\u30f3\u30d4\u30eb\u767a\u7965\u306e\u5730\u3067\u3042\u308b\u7c73\u56fd\u3067\u306f\u3001\u5e73\u6642\u306b\u306f\u5c0e\u5165\u305b\u305a\u3001\u6709\u4e8b\u306e\u969b\u306b\u5373\u5ea7\u306b\u5c0e\u5165\u30fb\u767a\u52d5\u3067\u304d\u308b\u6e96\u5099\u3060\u3051\u3092\u3057\u3066\u304a\u304f\u300c\u30b7\u30e3\u30c9\u30fc\u30d4\u30eb\u300d\u3068\u547c\u3070\u308c\u308b\u5f62\u614b\u304c\u4e00\u822c\u7684\u3067\u3059\u3002 \u7c73\u4f01\u696d\u306e\u7d049\u5272\u304c\u3053\u306e\u4f53\u5236\u3092\u3068\u3063\u3066\u3044\u308b\u3068\u8a00\u308f\u308c\u3001\u8fc5\u901f\u306a\u5bfe\u5fdc\u3092\u53ef\u80fd\u306b\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n

                \u65e5\u672c\u56fd\u5185\u306e\u5909\u5316\uff1a\u5e73\u6642\u5c0e\u5165\u304b\u3089\u6709\u4e8b\u5c0e\u5165\u3078<\/h3>\n\n\n\n

                \u65e5\u672c\u3067\u306f2000\u5e74\u4ee3\u5f8c\u534a\u306b\u5c0e\u5165\u30d6\u30fc\u30e0\u304c\u3042\u308a\u307e\u3057\u305f\u304c\u3001\u6a5f\u95a2\u6295\u8cc7\u5bb6\u306e\u53cd\u5bfe\u306a\u3069\u306b\u3088\u308a\u30012010\u5e74\u4ee3\u306b\u306f\u591a\u304f\u306e\u4f01\u696d\u304c\u5ec3\u6b62\u3057\u3001\u5c0e\u5165\u6570\u306f\u6e1b\u5c11\u50be\u5411\u306b\u3042\u308a\u307e\u3057\u305f\u3002 \u3057\u304b\u30572020\u5e74\u4ee3\u306b\u5165\u308a\u3001\u30a2\u30af\u30c6\u30a3\u30d3\u30b9\u30c8\u3084\u4e8b\u696d\u4f1a\u793e\u306b\u3088\u308b\u6575\u5bfe\u7684TOB\u304c\u5897\u52a0\u3057\u305f\u3053\u3068\u3067\u3001\u8cb7\u53ce\u63d0\u6848\u3092\u53d7\u3051\u3066\u304b\u3089\u5c0e\u5165\u3059\u308b\u300c\u6709\u4e8b\u5c0e\u5165\u578b\u300d\u304c\u6ce8\u76ee\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n

                \u5c02\u9580\u5bb6\u306e\u8996\u70b9<\/h3>\n\n\n\n

                \u30dd\u30a4\u30ba\u30f3\u30d4\u30eb\u306e\u751f\u307f\u306e\u89aa\u3067\u3042\u308b\u30ea\u30d7\u30c8\u30f3\u5f01\u8b77\u58eb\u306f\u3001\u300c\u30dd\u30a4\u30ba\u30f3\u30d4\u30eb\u306f\u60aa\u3044\u7d4c\u55b6\u3092\u5b88\u308b\u3082\u306e\u3067\u306f\u306a\u304f\u3001\u826f\u3044\u7d4c\u55b6\u304c\u308f\u305a\u304b\u306a\u30d7\u30ec\u30df\u30a2\u30e0\u3067\u5e02\u5834\u304b\u3089\u5931\u308f\u308c\u308b\u306e\u3092\u9632\u3050\u305f\u3081\u306e\u3082\u306e\u300d\u3068\u8a9e\u3063\u3066\u3044\u307e\u3059\u3002 \u73fe\u4ee3\u306b\u304a\u3044\u3066\u306f\u3001\u5358\u306a\u308b\u62d2\u7d76\u3067\u306f\u306a\u304f\u3001\u682a\u4e3b\u306b\u300c\u58f2\u5374\u3059\u308b\u304b\u5426\u304b\u300d\u3092\u51b7\u9759\u306b\u5224\u65ad\u3055\u305b\u308b\u305f\u3081\u306e\u30c4\u30fc\u30eb\u3068\u3057\u3066\u306e\u5f79\u5272\u304c\u5f37\u8abf\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n

                \u25b7\u95a2\u9023\uff1aM&A\u3068\u306f\uff5c\u76ee\u7684\u30fb\u624b\u6cd5\u30fb\u30e1\u30ea\u30c3\u30c8\u3068\u30c7\u30e1\u30ea\u30c3\u30c8\u30fb\u6d41\u308c\u3092\u7c21\u5358\u306b\u89e3\u8aac<\/a><\/p>\n\n\n\n

                \u30dd\u30a4\u30ba\u30f3\u30d4\u30eb\u306b\u95a2\u3059\u308bFAQ<\/h2>\n\n\n\n

                \u652f\u63f4\u73fe\u5834\u3067\u3088\u304f\u3044\u305f\u3060\u304f\u8cea\u554f\u306b\u304a\u7b54\u3048\u3057\u307e\u3059\u3002<\/p>\n\n\n\n

                Q\uff1a\u4e2d\u5c0f\u4f01\u696d\uff08\u975e\u4e0a\u5834\uff09\u3067\u3082\u30dd\u30a4\u30ba\u30f3\u30d4\u30eb\u306f\u5fc5\u8981\u3067\u3059\u304b\uff1f<\/strong><\/strong><\/span><\/strong><\/strong>

                \u57fa\u672c\u7684\u306b\u306f\u4e0a\u5834\u4f01\u696d\u5411\u3051\u306e\u9632\u885b\u7b56\u3067\u3059\u3002\u975e\u4e0a\u5834\u4f01\u696d\u306e\u5834\u5408\u3001\u682a\u5f0f\u306b\u306f\u8b72\u6e21\u5236\u9650\u304c\u4ed8\u3044\u3066\u3044\u308b\u3053\u3068\u304c\u4e00\u822c\u7684\u3067\u3042\u308a\u3001\u53d6\u7de0\u5f79\u4f1a\u306e\u627f\u8a8d\u306a\u3057\u306b\u8b70\u6c7a\u6a29\u304c\u79fb\u52d5\u3059\u308b\u3053\u3068\u306f\u306a\u3044\u305f\u3081\u3001\u30dd\u30a4\u30ba\u30f3\u30d4\u30eb\u3092\u5c0e\u5165\u3059\u308b\u5fc5\u8981\u6027\u306f\u4f4e\u3044\u3067\u3059\u3002\u305f\u3060\u3057\u3001\u8b72\u6e21\u5236\u9650\u304c\u306a\u3044\u5834\u5408\u3084\u3001\u4e0a\u5834\u6e96\u5099\u4e2d\u306e\u4f01\u696d\u306f\u691c\u8a0e\u306e\u4f59\u5730\u304c\u3042\u308a\u307e\u3059\u3002<\/p> <\/div>

                Q\uff1a\u5c0e\u5165\u306b\u306f\u5fc5\u305a\u682a\u4e3b\u7dcf\u4f1a\u306e\u6c7a\u8b70\u304c\u5fc5\u8981\u3067\u3059\u304b\uff1f<\/strong><\/strong><\/span><\/strong><\/strong>

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                Q\uff1a\u767a\u52d5\u3059\u308b\u3068\u65e2\u5b58\u682a\u4e3b\u3082\u640d\u3092\u3057\u307e\u305b\u3093\u304b\uff1f<\/strong><\/strong><\/span><\/strong><\/strong>

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

                \u307e\u3068\u3081\uff5c\u30dd\u30a4\u30ba\u30f3\u30d4\u30eb\u306e\u610f\u5473<\/h2>\n\n\n\n

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                \n
                \n
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                \n
                \n
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