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M&A\u306b\u304a\u3051\u308b\u8ca1\u52d9\u4e0a\u306e\u30ea\u30b9\u30af\u3092\u6700\u5c0f\u9650\u306b\u6291\u3048\u3064\u3064\u6210\u529f\u7387\u3092\u9ad8\u3081\u308b\u305f\u3081\u306b\u3001EBITDA\u30de\u30eb\u30c1\u30d7\u30eb\u306b\u3064\u3044\u3066\u7406\u89e3\u3057\u3066\u304a\u304d\u307e\u3057\u3087\u3046\u3002<\/span><\/p>\n

EBITDA\u30de\u30eb\u30c1\u30d7\u30eb\u3068\u306f<\/strong><\/h2>\n\"\"\n

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\u30de\u30eb\u30c1\u30d7\u30eb\u306b\u3064\u3044\u3066<\/h3>\n

\u30de\u30eb\u30c1\u30d7\u30eb\u306f\u3001EBITDA\u306a\u3069\u306e\u8ca1\u52d9\u6307\u6a19\u3092\u3082\u3068\u306b\u4f01\u696d\u4fa1\u5024\u3084\u682a\u4fa1\u3092\u7b97\u51fa\u3059\u308b\u500d\u6570\u306e\u3053\u3068<\/strong>\u3092\u6307\u3057\u307e\u3059\u3002<\/span><\/p>\n

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\u30de\u30eb\u30c1\u30d7\u30eb\u6cd5\u306e\u30c7\u30e1\u30ea\u30c3\u30c83\u3064<\/strong><\/h2>\n

\"\"\u30de\u30eb\u30c1\u30d7\u30eb\u6cd5\u306f\u5148\u8ff0\u3057\u305f\u3068\u304a\u308a\u591a\u304f\u306e\u30e1\u30ea\u30c3\u30c8\u304c\u3042\u308b\u4e00\u65b9\u3067\u3001\u3044\u304f\u3064\u304b\u30c7\u30e1\u30ea\u30c3\u30c8\u3082\u3042\u308a\u307e\u3059\u3002<\/span><\/p>\n

\u4e0b\u8a18\u3067\u306f\u3001\u30de\u30eb\u30c1\u30d7\u30eb\u6cd5\u306e\u30c7\u30e1\u30ea\u30c3\u30c83\u3064\u3068\u5bfe\u51e6\u6cd5<\/strong>\u3092\u8a73\u3057\u304f\u89e3\u8aac\u3057\u307e\u3059\u3002<\/span><\/p>\n

\u7b97\u51fa\u3059\u308b\u4eba\u306b\u3088\u3063\u3066\u7d50\u679c\u304c\u30d6\u30ec\u308b<\/strong><\/h3>\n

\u30de\u30eb\u30c1\u30d7\u30eb\u6cd5\u306e\u30c7\u30e1\u30ea\u30c3\u30c8\u306e\u4e00\u3064\u306b\u306f\u3001\u7b97\u51fa\u3059\u308b\u4eba\u306b\u3088\u3063\u3066\u7d50\u679c\u304c\u30d6\u30ec\u308b<\/strong>\u3053\u3068\u3067\u3059\u3002<\/span><\/p>\n

\u30de\u30eb\u30c1\u30d7\u30eb\u6cd5\u306f\u8ca1\u52d9\u6307\u6a19\u3068\u5e02\u5834\u30c7\u30fc\u30bf\u306b\u57fa\u3065\u3044\u3066\u4f01\u696d\u4fa1\u5024\u3092\u7b97\u51fa\u3057\u307e\u3059\u304c\u3001\u5e02\u5834\u304b\u3089\u63a1\u7528\u3059\u308b\u4f01\u696d\u3084\u500d\u7387\u306b\u306f\u7b97\u51fa\u3059\u308b\u4eba\u306e\u4e3b\u89b3\u304c\u5165\u3063\u3066\u3057\u307e\u3046\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u3002<\/span><\/p>\n

\u7b97\u51fa\u3059\u308b\u4eba\u306e\u4e3b\u89b3\u304c\u5165\u3063\u3066\u3057\u307e\u3046\u3068\u3001\u6bd4\u8f03\u57fa\u6e96\u3084\u30de\u30eb\u30c1\u30d7\u30eb\u306e\u9078\u629e\u306a\u3069\u304c\u6b20\u3051\u3066\u3057\u307e\u3046\u53ef\u80fd\u6027\u304c\u9ad8\u3044\u3067\u3059\u3002<\/span><\/p>\n

\u30de\u30eb\u30c1\u30d7\u30eb\u6cd5\u3092\u5229\u7528\u3057\u3066\u4f01\u696d\u8a55\u4fa1\u3092\u3059\u308b\u5834\u5408\u306f\u3001\u4e00\u4eba\u306b\u4efb\u305b\u308b\u306e\u3067\u306f\u306a\u304f\u8907\u6570\u3067\u7b97\u51fa\u3059\u308b\u3053\u3068\u3067\u3001\u6b63\u78ba\u306a\u30de\u30eb\u30c1\u30d7\u30eb\u304c\u7b97\u51fa\u3067\u304d\u308b\u3067\u3057\u3087\u3046\u3002<\/span><\/p>\n

\u985e\u4f3c\u4f01\u696d\u306e\u9078\u5b9a\u304c\u96e3\u3057\u3044\u5834\u5408\u304c\u3042\u308b<\/strong><\/h3>\n

\u30de\u30eb\u30c1\u30d7\u30eb\u6cd5\u306f\u3001\u985e\u4f3c\u4f01\u696d\u306e\u9078\u5b9a\u304c\u96e3\u3057\u3044\u5834\u5408\u304c\u3042\u308b<\/strong>\u306e\u304c\u30c7\u30e1\u30ea\u30c3\u30c8\u3067\u3059\u3002<\/span><\/p>\n

\u4f01\u696d\u4fa1\u5024\u3092\u8a55\u4fa1\u3059\u308b\u969b\u306b\u306f\u3001\u540c\u696d\u754c\u3001\u540c\u898f\u6a21\u3001\u540c\u69d8\u306e\u4e8b\u696d\u69cb\u9020\u3092\u6301\u3064\u4f01\u696d\u306e\u30c7\u30fc\u30bf\u3092\u7528\u3044\u308b\u3053\u3068\u304c\u4e00\u822c\u7684\u3067\u3059\u3002<\/span><\/p>\n

\u3057\u304b\u3057\u3001\u30cb\u30c3\u30c1\u5e02\u5834\u3084\u72ec\u81ea\u306e\u4e8b\u696d\u30e2\u30c7\u30eb\u3092\u6301\u3064\u4f01\u696d\u306e\u5834\u5408\u3001\u9069\u5207\u306a\u6bd4\u8f03\u5bfe\u8c61\u3092\u898b\u3064\u3051\u308b\u3053\u3068\u304c\u96e3\u3057\u3044\u3067\u3059\u3002<\/span><\/p>\n

\u9069\u5207\u306a\u6bd4\u8f03\u4f01\u696d\u3092\u898b\u3064\u3051\u3089\u308c\u306a\u3044\u3068\u6b63\u78ba\u306a\u30de\u30eb\u30c1\u30d7\u30eb\u3092\u7b97\u51fa\u3059\u308b\u306e\u304c\u96e3\u3057\u3044\u305f\u3081\u3001\u4f01\u696d\u8a55\u4fa1\u306e\u7cbe\u5ea6\u304c\u4f4e\u4e0b\u3057\u3066\u3057\u307e\u3044\u307e\u3059\u3002<\/span><\/p>\n

\u985e\u4f3c\u4f01\u696d\u306e\u9078\u5b9a\u304c\u96e3\u3057\u3044\u5834\u5408\u306f\u3001\u63a2\u3059\u696d\u754c\u3084\u4f01\u696d\u898f\u6a21\u3001\u4e8b\u696d\u69cb\u9020\u306e\u57fa\u6e96\u3092\u5e83\u3052\u308b\u3068\u3088\u3044\u3067\u3057\u3087\u3046\u3002<\/span><\/p>\n

\u682a\u4fa1\u306e\u5909\u52d5\u306b\u5de6\u53f3\u3055\u308c\u3084\u3059\u3044<\/strong><\/h3>\n

\u30de\u30eb\u30c1\u30d7\u30eb\u6cd5\u3092\u7528\u3044\u308b\u4f01\u696d\u8a55\u4fa1\u306f\u3001\u682a\u4fa1\u306e\u5909\u52d5\u306b\u5de6\u53f3\u3055\u308c\u3084\u3059\u3044<\/strong>\u30c7\u30e1\u30ea\u30c3\u30c8\u304c\u3042\u308a\u307e\u3059\u3002<\/span><\/p>\n

\u591a\u304f\u306e\u30de\u30eb\u30c1\u30d7\u30eb\u306f\u5e02\u5834\u30c7\u30fc\u30bf\u306b\u57fa\u3065\u3044\u3066\u3044\u308b\u305f\u3081\u3001\u682a\u4fa1\u306e\u6025\u6fc0\u306a\u4e0a\u6607\u3084\u4e0b\u964d\u306f\u76f4\u63a5\u7684\u306b\u4f01\u696d\u8a55\u4fa1\u306b\u5f71\u97ff\u3092\u53ca\u307c\u3059\u304b\u3089\u3067\u3059\u3002<\/span><\/p>\n

\u77ed\u671f\u9593\u306b\u5e02\u5834\u304c\u5927\u304d\u304f\u5909\u52d5\u3059\u308b\u5834\u5408\u8a55\u4fa1\u7d50\u679c\u304c\u4e0d\u5b89\u5b9a\u306b\u306a\u308b\u305f\u3081\u3001\u6642\u671f\u306b\u3088\u3063\u3066\u306f\u5b9f\u969b\u306e\u4f01\u696d\u4fa1\u5024\u3068\u4e56\u96e2\uff08\u304b\u3044\u308a\uff09\u3057\u305f\u7d50\u679c\u3092\u3082\u305f\u3089\u3059\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u3002<\/span><\/p>\n

\u682a\u4fa1\u306e\u5909\u52d5\u306f\u30de\u30eb\u30c1\u30d7\u30eb\u6cd5\u3092\u7528\u3044\u305f\u4f01\u696d\u8a55\u4fa1\u306b\u5927\u304d\u306a\u5f71\u97ff\u3092\u4e0e\u3048\u308b\u305f\u3081\u3001\u9577\u671f\u9593\u306b\u308f\u305f\u308b\u5e73\u5747\u5024\u3084\u76f8\u5bfe\u7684\u306a\u8a55\u4fa1\u306a\u3069\u3067\u5bfe\u51e6\u3059\u308b\u3053\u3068\u3067\u30ea\u30b9\u30af\u3092\u6700\u5c0f\u9650\u306b\u3057\u307e\u3057\u3087\u3046\u3002<\/span><\/p>\n

EV\/EBITDA\u500d\u7387\u3068\u306f<\/strong><\/h2>\n\"\"\n

EV\/EBITDA\u500d\u7387\u306f\u3001\u4f01\u696d\u4fa1\u5024\uff08EV\uff09\u3068\u4f01\u696d\u304c\u751f\u307f\u51fa\u3059\u5229\u76ca\uff08EBITDA\uff09\u3068\u306e\u95a2\u4fc2\u3092\u793a\u3059\u3082\u306e\u3067\u3001M&A\u306e\u5224\u65ad\u306b\u304a\u3044\u3066\u5e83\u304f\u7528\u3044\u3089\u308c\u3066\u3044\u307e\u3059\u3002<\/span><\/p>\n

EV\/EBITDA\u500d\u7387\u306b\u3064\u3044\u3066\u7406\u89e3\u3057\u3066\u304a\u304f\u3053\u3068\u306f\u3001\u4f01\u696d\u306e\u5065\u5168\u6027\u3084\u6f5c\u5728\u80fd\u529b\u3092\u6e2c\u5b9a\u3067\u304d\u308b\u305f\u3081\u3001\u5e02\u5834\u306b\u304a\u3051\u308b\u4f01\u696d\u306e\u30dd\u30b8\u30b7\u30e7\u30f3\u3092\u8a55\u4fa1\u3059\u308b\u4e0a\u3067\u4e0d\u53ef\u6b20\u3067\u3059\u3002<\/span><\/p>\n

\u4e0b\u8a18\u3067\u306f\u3001EV\/EBITDA\u500d\u7387\u306e\u8a08\u7b97\u5f0f\u3084\u76ee\u5b89\u306b\u3064\u3044\u3066<\/strong><\/span>\u8a73\u3057\u304f\u89e3\u8aac\u3057\u307e\u3059\u3002<\/span><\/p>\n

EV\u306fM&A\u306b\u304a\u3051\u308b\u4f01\u696d\u4fa1\u5024<\/strong><\/h3>\n

M&A\u306b\u304a\u3044\u3066EV\uff08\u4f01\u696d\u4fa1\u5024\uff09\u306f\u3001\u4f01\u696d\u306e\u771f\u306e\u4fa1\u5024\u3092\u6e2c\u308b\u57fa\u6e96<\/strong>\u3068\u3057\u3066\u5e83\u304f\u7528\u3044\u3089\u308c\u307e\u3059\u3002<\/span><\/p>\n

\u4f01\u696d\u306e\u682a\u5f0f\u7dcf\u984d\u306b\u8ca0\u50b5\u984d\u3092\u52a0\u7b97\u3057\u3001\u73fe\u91d1\u304a\u3088\u3073\u73fe\u91d1\u540c\u7b49\u7269\u3092\u5dee\u3057\u5f15\u3044\u305f\u3082\u306e\u3067\u4f01\u696d\u5168\u4f53\u306e\u8cb7\u53ce\u4fa1\u5024\u3092\u793a\u3057\u307e\u3059\u3002<\/span>\u4f01\u696d\u5168\u4f53\u306e\u8cb7\u53ce\u4fa1\u5024\u304c\u3069\u306e\u304f\u3089\u3044\u306a\u306e\u304b\u306f\u3001M&A\u306b\u304a\u3044\u3066\u3068\u3066\u3082\u91cd\u8981\u3067\u3059\u3002<\/span><\/p>\n

\u8cb7\u53ce\u3092\u691c\u8a0e\u3057\u3066\u3044\u308b\u4f01\u696d\u3084\u6295\u8cc7\u5bb6\u306f\u3001\u5358\u306b\u682a\u5f0f\u4fa1\u5024\u3060\u3051\u3067\u306a\u304f\u3001\u3088\u308a\u5168\u9762\u7684\u306a\u4f01\u696d\u4fa1\u5024\u3092\u7406\u89e3\u3067\u304d\u308b\u305f\u3081\u3001\u3088\u308a\u9069\u5207\u306aM&A\u5224\u65ad\u3092\u4e0b\u305b\u308b\u3067\u3057\u3087\u3046\u3002<\/span><\/p>\n

EV\/EBITDA\u500d\u7387\u306e\u8a08\u7b97\u5f0f<\/strong><\/h3>\n

EV\/EBITDA\u500d\u7387\u306e\u8a08\u7b97\u5f0f\u306f\u3001\u8a00\u8449\u306e\u3068\u304a\u308aEV\uff08\u4f01\u696d\u4fa1\u5024\uff09\u3092EBITDA\u3067\u5272\u308b<\/strong>\u3053\u3068\u3067\u8a08\u7b97\u3067\u304d\u307e\u3059\u3002<\/span><\/p>\n

    \n
  • EV\uff08\u4f01\u696d\u4fa1\u5024\uff09\uff1a\u5e02\u5834\u4fa1\u5024\uff08\u682a\u5f0f\u4fa1\u5024\uff09\u306b\u52a0\u3048\u3066\u8ca0\u50b5\u306e\u7dcf\u984d\u304b\u3089\u73fe\u91d1\u304a\u3088\u3073\u73fe\u91d1\u540c\u7b49\u7269\u3092\u5dee\u3057\u5f15\u3044\u305f\u3082\u306e<\/span><\/li>\n
  • EBITDA\uff1a\u5229\u76ca\u304b\u3089\u91d1\u878d\u8cbb\u7528\u3084\u7a0e\u91d1\u3001\u6e1b\u4fa1\u511f\u5374\u8cbb\u3001\u511f\u5374\u8cbb\u3092\u9664\u3044\u305f\u91d1\u984d<\/span><\/li>\n<\/ul>\n

    \u7279\u306bM&A\u3067\u306f\u3001\u4f01\u696d\u306e\u5b9f\u8cea\u7684\u306a\u4fa1\u5024\u3068\u53ce\u76ca\u529b\u3092\u6bd4\u8f03\u3059\u308b\u969b\u306b\u4f7f\u7528\u3067\u304d\u307e\u3059\u3002<\/span><\/p>\n

    EV\/EBITDA\u500d\u7387\u306f\u4f01\u696d\u306e\u8ca0\u50b5\u69cb\u9020\u3092\u982d\u306b\u5165\u308c\u3064\u3064\u3001\u904b\u55b6\u6210\u7e3e\u3092\u5ba2\u89b3\u7684\u306b\u8a55\u4fa1\u3059\u308b\u969b\u306e\u91cd\u8981\u306a\u6307\u6a19\u3068\u306a\u308a\u307e\u3059\u3002<\/span><\/p>\n

    EV\/EBITDA\u500d\u7387\u306e\u76ee\u5b89<\/strong><\/h3>\n

    EV\/EBITDA\u500d\u7387\u306e\u76ee\u5b89\u306f\u3001\u696d\u754c\u3084\u5e02\u5834\u74b0\u5883\u306b\u3088\u3063\u3066\u5927\u304d\u304f\u7570\u306a\u308a\u307e\u3059\u3002<\/strong><\/span><\/p>\n

    \u4e00\u822c\u7684\u306b\u500d\u7387\u304c\u4f4e\u3044\u307b\u3069\u3001\u4f01\u696d\u306f\u904e\u5c0f\u8a55\u4fa1\u3055\u308c\u3066\u3044\u308b\u3068\u898b\u306a\u3055\u308c\u307e\u3059\u3002\u4e00\u65b9\u3067\u3001\u500d\u7387\u304c\u9ad8\u3044\u5834\u5408\u306f\u3001\u4f01\u696d\u304c\u904e\u5927\u8a55\u4fa1\u3055\u308c\u3066\u3044\u308b\u3068\u89e3\u91c8\u3067\u304d\u307e\u3059\u3002<\/span><\/p>\n

    \u3057\u304b\u3057\u3001\u6210\u9577\u7523\u696d\u3084\u9ad8\u53ce\u76ca\u6027\u3092\u6301\u3064\u4f01\u696d\u306f\u3001\u9ad8\u3044EV\/EBITDA\u500d\u7387\u3082\u6b63\u5f53\u5316\u3055\u308c\u308b\u306e\u3067\u3059\u3002<\/span><\/p>\n

    EV\/EBITDA\u500d\u7387\u306e\u5177\u4f53\u7684\u306a\u76ee\u5b89\u306f\u4ee5\u4e0b\u306e\u3068\u304a\u308a\u3067\u3059<\/span><\/p>\n

      \n
    • 5\u500d\u672a\u6e80\uff1a\u4fa1\u5024\u304c\u4f4e\u3044\uff08\u904e\u5c0f\u8a55\u4fa1\uff09<\/strong><\/li>\n
    • 10\u500d\u8d85\uff1a\u4fa1\u5024\u304c\u9ad8\u3044\uff08\u904e\u5927\u8a55\u4fa1\uff09<\/strong><\/li>\n<\/ul>\n

      \u4e0a\u8a18\u306e\u6570\u5b57\u306f\u3042\u304f\u307e\u3067\u4e00\u822c\u7684\u306a\u57fa\u6e96\u306a\u306e\u3067\u3001\u5b9f\u969b\u306b\u306f\u8a73\u7d30\u306a\u696d\u754c\u5206\u6790\u3084\u5e02\u5834\u52d5\u5411\u3092\u8003\u3048\u308b\u306e\u304c\u5fc5\u8981\u3067\u3059\u3002<\/span><\/p>\n

      EV\/EBITDA\u500d\u7387\u3092\u7528\u3044\u308b\u969b\u306f\u3001\u76f8\u5bfe\u7684\u306a\u8a55\u4fa1\u3068\u3057\u3066\u696d\u754c\u5e73\u5747\u3084\u904e\u53bb\u306e\u30c8\u30ec\u30f3\u30c9\u3068\u6bd4\u8f03\u3057\u307e\u3057\u3087\u3046\u3002<\/span><\/p>\n

      EV\/EBITDA\u500d\u7387\u3092\u4f7f\u3063\u305f\u4f01\u696d\u4fa1\u5024\u306e\u8a55\u4fa13\u30b9\u30c6\u30c3\u30d7<\/strong><\/h2>\n\"\"\n

      EV\/EBITDA\u500d\u7387\u3092\u4f7f\u3063\u305f\u4f01\u696d\u4fa1\u5024\u306e\u8a55\u4fa1\u306f\u3001\u6b63\u3057\u3044\u624b\u9806\u306b\u5f93\u3063\u3066\u884c\u3046\u3053\u3068\u3067\u7cbe\u5ea6\u9ad8\u304f\u5b9f\u65bd\u3067\u304d\u307e\u3059\u3002<\/span><\/p>\n

      \u696d\u754c\u5185\u306e\u985e\u4f3c\u4f01\u696d\u306e\u500d\u7387\u3092\u57fa\u6e96\u3068\u3057\u3066\u5bfe\u8c61\u4f01\u696d\u306e\u53ce\u76ca\u529b\u3092\u8a55\u4fa1\u3059\u308b\u3053\u3068\u3067\u3001\u5e02\u5834\u4fa1\u5024\u3092\u63a8\u5b9a\u3057\u307e\u3059\u3002<\/span><\/p>\n

      \u4e0b\u8a18\u3067\u306fM&A\u306e\u5224\u65ad\u306b\u304a\u3044\u3066\u7279\u306b\u6709\u52b9\u306a\u3001EV\/EBITDA\u500d\u7387\u3092\u4f7f\u3063\u305f\u4f01\u696d\u4fa1\u5024\u306e\u8a55\u4fa1\u3092\u884c\u3046\u305f\u3081\u306e3\u3064\u306e\u30b9\u30c6\u30c3\u30d7<\/strong>\u3092\u8a73\u3057\u304f\u89e3\u8aac\u3057\u307e\u3059\u3002<\/span><\/p>\n

      \u985e\u4f3c\u4f01\u696d\u306eEV\/EBITDA\u500d\u7387\u3092\u8a08\u7b97\u3059\u308b<\/strong><\/h3>\n

      EV\/EBITDA\u500d\u7387\u3092\u7528\u3044\u305f\u4f01\u696d\u4fa1\u5024\u306e\u8a55\u4fa1\u3067\u306f\u3001\u985e\u4f3c\u4f01\u696d\u306eEV\/EBITDA\u500d\u7387\u3092\u8a08\u7b97\u3059\u308b<\/strong>\u3053\u3068\u304c\u7b2c\u4e00\u6b69\u3067\u3059\u3002<\/span><\/p>\n

      \u985e\u4f3c\u4f01\u696d\u306eEV\/EBITDA\u500d\u7387\u3092\u8a08\u7b97\u3059\u308b\u307e\u3067\u306e\u30b9\u30c6\u30c3\u30d7\u306f\u4ee5\u4e0b\u306e\u3068\u304a\u308a\u3067\u3059\u3002<\/span><\/p>\n

        \n
      1. \u5bfe\u8c61\u4f01\u696d\u3068\u540c\u3058\u696d\u754c\u306b\u3044\u308b\u985e\u4f3c\u306e\u4e8b\u696d\u898f\u6a21\u3084\u5e02\u5834\u306e\u4f01\u696d\u3092\u9078\u3076<\/strong><\/li>\n
      2. \u9078\u5b9a\u3057\u305f\u5404\u4f01\u696d\u306e\u4f01\u696d\u4fa1\u5024\uff08EV\uff09\u3068EBITDA\u3092\u96c6\u3081\u308b<\/strong><\/li>\n
      3. EV\u3092EBITDA\u3067\u5272\u308b\u3053\u3068\u306b\u3088\u308a\u500d\u7387\u3092\u7b97\u51fa\u3059\u308b<\/strong><\/li>\n<\/ol>\n

        \u985e\u4f3c\u4f01\u696d\u306e\u5e73\u5747EV\/EBITDA\u500d\u7387\u306f\u3001\u696d\u754c\u5185\u3067\u306e\u4f01\u696d\u306e\u76f8\u5bfe\u7684\u306a\u8a55\u4fa1\u306e\u57fa\u6e96\u3068\u306a\u308a\u307e\u3059\u3002<\/span><\/p>\n

        \u4e0a\u8a18\u306e\u30b9\u30c6\u30c3\u30d7\u3067\u7b97\u51fa\u3057\u305fEV\/EBITDA\u500d\u7387\u306f\u3001\u3088\u308a\u516c\u5e73\u3067\u5e02\u5834\u306b\u5373\u3057\u305f\u4fa1\u5024\u5224\u65ad\u3067\u304d\u308b\u3067\u3057\u3087\u3046\u3002<\/span><\/p>\n

        \u58f2\u308a\u624b\u4f01\u696d\u306eEBITDA\u3092\u8a08\u7b97\u3059\u308b<\/strong><\/h3>\n

        \u58f2\u308a\u624b\u4f01\u696d\u306eEBITDA\u3092\u8a08\u7b97\u3059\u308b\u3053\u3068\u306f\u3001\u4f01\u696d\u4fa1\u5024\u306e\u8a55\u4fa1\u3092\u3059\u308b\u4e2d\u3067\u3068\u3066\u3082\u91cd\u8981<\/strong>\u3067\u3059\u3002<\/span><\/p>\n

        \u8a08\u7b97\u3059\u308b\u3053\u3068\u3067\u3001\u4f01\u696d\u306e\u57fa\u672c\u7684\u306a\u53ce\u76ca\u6027\u3092\u3001\u8cc7\u672c\u69cb\u9020\u3084\u7a0e\u5236\u306e\u5f71\u97ff\u3092\u53d7\u3051\u305a\u306b\u8a55\u4fa1\u3067\u304d\u308b\u306e\u3067\u3059\u3002<\/span><\/p>\n

        \u58f2\u308a\u624b\u4f01\u696d\u306eEBITDA\u3092\u6b63\u78ba\u306b\u7b97\u51fa\u3059\u308b\u3053\u3068\u3067\u3001\u6b21\u306e\u30b9\u30c6\u30c3\u30d7\u306eEV\/EBITDA\u500d\u7387\u306b\u3088\u308b\u4f01\u696d\u4fa1\u5024\u306e\u7b97\u5b9a\u3067\u3001\u6b63\u78ba\u306a\u57fa\u6e96\u3092\u8a2d\u5b9a\u3067\u304d\u307e\u3059\u3002<\/span><\/p>\n

        \u4f01\u696d\u304c\u5b9f\u969b\u306b\u3069\u308c\u3060\u3051\u306e\u53ce\u76ca\u3092\u751f\u307f\u51fa\u3057\u3066\u3044\u308b\u304b\u3092\u628a\u63e1\u3057\u3001\u4fa1\u5024\u3092\u9069\u5207\u306b\u53cd\u6620\u3055\u305b\u3089\u308c\u308b\u3067\u3057\u3087\u3046\u3002<\/span><\/p>\n

        \u985e\u4f3c\u4f01\u696d\u3092\u3082\u3068\u306b\u3001\u58f2\u308a\u624b\u4f01\u696d\u306e\u4f01\u696d\u4fa1\u5024\u3092\u8a08\u7b97\u3059\u308b<\/strong><\/h3>\n

        \u985e\u4f3c\u4f01\u696d\u3092\u3082\u3068\u306b\u58f2\u308a\u624b\u4f01\u696d\u306e\u4f01\u696d\u4fa1\u5024\u3092\u8a08\u7b97\u3059\u308b\u3053\u3068\u306f\u3001\u4f01\u696d\u8a55\u4fa1\u306e\u6700\u7d42\u30b9\u30c6\u30c3\u30d7\u3067\u3059\u3002<\/span><\/p>\n

        \u985e\u4f3c\u4f01\u696d\u306eEV\/EBITDA\u500d\u7387\u3092\u8abf\u3079\u3066\u696d\u754c\u5185\u3067\u306e\u76f8\u5bfe\u7684\u306a\u30dd\u30b8\u30b7\u30e7\u30f3\u3092\u77e5\u308b\u3053\u3068\u3067\u3001\u516c\u6b63\u306a\u5e02\u5834\u4fa1\u5024\u3092\u5c0e\u304d\u51fa\u3057\u307e\u3057\u3087\u3046\u3002<\/strong><\/span><\/p>\n

        \u5c0e\u304d\u51fa\u3057\u305f\u5e02\u5834\u4fa1\u5024\u306f\u3001\u6295\u8cc7\u5bb6\u3084\u8cb7\u53ce\u5e0c\u671b\u8005\u304c\u58f2\u308a\u624b\u4f01\u696d\u306b\u5bfe\u3057\u3066\u9069\u5207\u306a\u4fa1\u683c\u3092\u63d0\u793a\u3059\u308b\u969b\u306e\u57fa\u790e\u3068\u306a\u308a\u307e\u3059\u3002<\/span><\/p>\n

        \u307e\u305f\u3001\u4f01\u696d\u304c\u696d\u754c\u5185\u3067\u3069\u306e\u3088\u3046\u306b\u4fa1\u5024\u3092\u6301\u3063\u3066\u3044\u308b\u304b\u3092\u660e\u78ba\u306b\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u305f\u3081\u3001\u3088\u308a\u516c\u5e73\u3067\u900f\u660e\u6027\u306e\u9ad8\u3044\u8a55\u4fa1\u7d50\u679c\u3092\u5f97\u308b\u3053\u3068\u304c\u671f\u5f85\u3055\u308c\u307e\u3059\u3002<\/span><\/p>\n

        \u985e\u4f3c\u4f01\u696d\u3092\u57fa\u306b\u3057\u305f\u8a08\u7b97\u306f\u3001M&A\u306b\u304a\u3051\u308b\u91cd\u8981\u306a\u6307\u91dd\u3067\u3059\u3002<\/span><\/p>\n

        \u307e\u3068\u3081\uff1aEBITDA\u30de\u30eb\u30c1\u30d7\u30eb\u306f\u52b9\u679c\u7684\u306aM&A\u306b\u5fc5\u9808\uff01<\/strong><\/h2>\n\"\"\n

        \u73fe\u4ee3\u7684\u306a\u4f01\u696d\u306e\u8ca1\u52d9\u8a55\u4fa1\u300cEBITDA\u30de\u30eb\u30c1\u30d7\u30eb\u300d\u306f\u3001M&A\u3092\u6210\u529f\u306b\u5c0e\u304f\u4e0a\u3067\u6b20\u304b\u305b\u306a\u3044\u624b\u6cd5<\/strong>\u3067\u3059\u3002<\/span><\/p>\n

        EBITDA\u30de\u30eb\u30c1\u30d7\u30eb\u306b\u3088\u308a\u3001\u4f01\u696d\u306f\u81ea\u8eab\u306e\u5e02\u5834\u4fa1\u5024\u3092\u6b63\u78ba\u306b\u77e5\u308c\u308b\u305f\u3081\u3001\u9069\u5207\u306a\u8cb7\u53ce\u5bfe\u8c61\u3092\u9078\u5b9a\u3067\u304d\u307e\u3059\u3002<\/span><\/p>\n

        \u307e\u305f\u3001\u30de\u30eb\u30c1\u30d7\u30eb\u6cd5\u306e\u30e1\u30ea\u30c3\u30c8\u3092\u751f\u304b\u3057\u3066\u8fc5\u901f\u304b\u3064\u5ba2\u89b3\u7684\u306a\u4f01\u696d\u8a55\u4fa1\u3092\u884c\u3048\u308b\u305f\u3081\u3001M&A\u5224\u65ad\u306e\u7cbe\u5ea6\u3082\u9ad8\u3081\u3089\u308c\u307e\u3059\u3002<\/span><\/p>\n

        \u3057\u304b\u3057\u3001\u30c7\u30e1\u30ea\u30c3\u30c8\u3082\u4f34\u3046\u305f\u3081\u3001\u614e\u91cd\u306b\u5206\u6790\u3057\u3066\u9069\u5207\u306a\u5bfe\u7b56\u3092\u8b1b\u3058\u308b\u3053\u3068\u304c\u91cd\u8981\u3067\u3059\u3002<\/span><\/p>\n

        EV\/EBITDA\u500d\u7387\u3092\u6d3b\u7528\u3059\u308b\u3053\u3068\u3067\u3001\u696d\u754c\u5185\u306e\u76f8\u5bfe\u7684\u306a\u30dd\u30b8\u30b7\u30e7\u30f3\u3092\u6b63\u78ba\u306b\u628a\u63e1\u3057\u3066\u5c06\u6765\u7684\u306a\u6f5c\u5728\u529b\u3092\u8a55\u4fa1\u3067\u304d\u308b\u305f\u3081\u3001M&A\u6226\u7565\u3092\u7acb\u6848\u3059\u308b\u969b\u306e\u8cb4\u91cd\u306a\u6307\u6a19\u3068\u306a\u308b<\/strong>\u3067\u3057\u3087\u3046\u3002<\/span><\/p>\n

        M\uff06A\u30a2\u30c9\u30d0\u30a4\u30b6\u30ea\u30fc\u3068\u3057\u3066M&A\u306b\u95a2\u9023\u3059\u308b\u4e00\u9023\u306e\u30a2\u30c9\u30d0\u30a4\u30b9\u3068\u5951\u7d04\u6210\u7acb\u307e\u3067\u306e\u53d6\u308a\u307e\u3068\u3081\u5f79\u3092\u62c5\u3063\u3066\u3044\u308b\u300c\u682a\u5f0f\u4f1a\u793e\u30d1\u30e9\u30c0\u30a4\u30e0\u30b7\u30d5\u30c8\u300d<\/strong>\u306f\u30012011\u5e74\u306e\u8a2d\u7acb\u4ee5\u6765\u8c4a\u5bcc\u306a\u77e5\u8b58\u3084\u7d4c\u9a13\u306e\u3082\u3068IT\u9818\u57df\u306b\u529b\u3092\u5165\u308c\u3001\u7d4c\u55b6\u306b\u95a2\u3059\u308b\u30b5\u30dd\u30fc\u30c8\u3084\u30a2\u30c9\u30d0\u30a4\u30b9\u3092\u5b9f\u65bd\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n

        \u30d1\u30e9\u30c0\u30a4\u30e0\u30b7\u30d5\u30c8\u304c\u9078\u3070\u308c\u308b4\u3064\u306e\u7279\u5fb4<\/strong><\/p>\n

          \n
        • IT\u9818\u57df\u306b\u7279\u5316\u3057\u305fM&A\u30a2\u30c9\u30d0\u30a4\u30b6\u30ea\u30fc<\/li>\n
        • IT\u696d\u754c\u306e\u8c4a\u5bcc\u306a\u60c5\u5831\u529b<\/li>\n
        • \u300c\u7d0d\u5f97\u611f\u300d\u3068\u300c\u6e80\u8db3\u611f\u300d\u306e\u9ad8\u3044\u30b5\u30fc\u30d3\u30b9<\/li>\n
        • \u30d7\u30ed\u30d5\u30a7\u30c3\u30b7\u30e7\u30ca\u30eb\u30c1\u30fc\u30e0\u306b\u3088\u308b\u9069\u5207\u306a\u6848\u4ef6\u7d44\u6210<\/li>\n<\/ul>\n

          M&A\u3067\u81ea\u793e\u3092\u58f2\u5374\u3057\u305f\u3044\u3068\u8003\u3048\u308b\u7d4c\u55b6\u8005\u3084\u62c5\u5f53\u8005\u306e\u65b9\u306f\u3001\u305c\u3072\u304a\u6c17\u8efd\u306b\u304a\u554f\u3044\u5408\u308f\u305b\u304f\u3060\u3055\u3044\u3002<\/p>\n

          \u307e\u305fM&A\u3092\u6210\u529f\u3055\u305b\u308b\u305f\u3081\u306e\u30b3\u30c4\u306b\u3064\u3044\u3066\u516814\u30da\u30fc\u30b8\u306b\u6e21\u3063\u3066\u8aac\u660e\u3057\u305f\u8cc7\u6599\u3092\u7121\u6599\u3067\u3054\u63d0\u4f9b<\/strong>\u3057\u307e\u3059\u306e\u3067\u3001\u4e0b\u8a18\u3088\u308a\u30c0\u30a6\u30f3\u30ed\u30fc\u30c9\u3057\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"

          \u4f01\u696d\u306e\u672a\u6765\u3092\u5de6\u53f3\u3059\u308bM&A\u3092\u691c\u8a0e\u3059\u308b\u969b\u306b\u306f\u3001\u6b63\u78ba\u306a\u4f01\u696d\u4fa1\u5024\u3092\u8a55\u4fa1\u3059\u308b\u3053\u3068\u306f\u907f\u3051\u3066\u901a\u308c\u307e\u305b\u3093\u3002 \u3057\u304b\u3057\u3001M&A\u3092\u306f\u3058\u3081\u3066\u691c\u8a0e\u3057\u3066\u3044\u308b\u4f01\u696d\u306e\u62c5\u5f53\u8005\u306e\u591a\u304f\u306f\u3001\u4f01\u696d\u4fa1\u5024\u306e\u6b63\u78ba\u306a\u8a55\u4fa1\u304c\u3067\u304d\u308b\u3084\u308a\u65b9\u3092\u77e5\u3089\u306a\u3044\u65b9\u304c\u591a\u3044…<\/p>\n","protected":false},"author":21,"featured_media":5785,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[13],"tags":[],"class_list":{"0":"post-5899","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-corporate-evalution","8":"article"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/paradigm-shift.co.jp\/media\/wp-json\/wp\/v2\/posts\/5899","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/paradigm-shift.co.jp\/media\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/paradigm-shift.co.jp\/media\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/paradigm-shift.co.jp\/media\/wp-json\/wp\/v2\/users\/21"}],"replies":[{"embeddable":true,"href":"https:\/\/paradigm-shift.co.jp\/media\/wp-json\/wp\/v2\/comments?post=5899"}],"version-history":[{"count":6,"href":"https:\/\/paradigm-shift.co.jp\/media\/wp-json\/wp\/v2\/posts\/5899\/revisions"}],"predecessor-version":[{"id":5921,"href":"https:\/\/paradigm-shift.co.jp\/media\/wp-json\/wp\/v2\/posts\/5899\/revisions\/5921"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/paradigm-shift.co.jp\/media\/wp-json\/wp\/v2\/media\/5785"}],"wp:attachment":[{"href":"https:\/\/paradigm-shift.co.jp\/media\/wp-json\/wp\/v2\/media?parent=5899"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/paradigm-shift.co.jp\/media\/wp-json\/wp\/v2\/categories?post=5899"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/paradigm-shift.co.jp\/media\/wp-json\/wp\/v2\/tags?post=5899"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}