{"id":784,"date":"2021-06-07T19:09:45","date_gmt":"2021-06-07T10:09:45","guid":{"rendered":"https:\/\/paradigm-shift.co.jp\/media\/?p=784"},"modified":"2026-09-15T13:56:06","modified_gmt":"2026-09-15T04:56:06","slug":"ev-kigyou-kachi","status":"publish","type":"post","link":"https:\/\/paradigm-shift.co.jp\/media\/ev-kigyou-kachi\/","title":{"rendered":"EV\uff08\u4f01\u696d\u4fa1\u5024\uff09\u3068\u306f\uff1f\u8a08\u7b97\u65b9\u6cd5\u3068\u682a\u5f0f\u4fa1\u5024\u3068\u306e\u9055\u3044\u3092\u8a73\u3057\u304f\u89e3\u8aac"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">M&amp;A\u3084\u4f01\u696d\u5206\u6790\u306b\u304a\u3044\u3066\u3001EV\u306f\u4f01\u696d\u306e\u7d14\u7c8b\u306a\u4e8b\u696d\u4fa1\u5024\u3092\u8a55\u4fa1\u3059\u308b\u305f\u3081\u306b\u4e0d\u53ef\u6b20\u306a\u6307\u6a19\u3067\u3059\u3002\u682a\u4e3b\u306e\u4fa1\u5024\u3092\u8868\u3059\u6642\u4fa1\u7dcf\u984d\u3068\u306f\u7570\u306a\u308a\u3001EV\u306f\u8cb7\u53ce\u306e\u969b\u306b\u5fc5\u8981\u3068\u306a\u308b\u8cc7\u91d1\u306e\u7dcf\u984d\u3092\u793a\u3059\u305f\u3081\u3001\u4e21\u8005\u306e\u9055\u3044\u3092\u660e\u78ba\u306b\u7406\u89e3\u3059\u308b\u3053\u3068\u304c\u91cd\u8981\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3053\u306e\u8a18\u4e8b\u3067\u306f\u3001EV\uff08\u4f01\u696d\u4fa1\u5024\uff09\u306e\u5b9a\u7fa9\u3001\u4e3b\u8981\u306a\u8a08\u7b97\u65b9\u6cd5\u3001\u682a\u5f0f\u4fa1\u5024\u3068\u306e\u9055\u3044\u3001\u305d\u3057\u3066\u4f01\u696d\u4fa1\u5024\u3092\u9ad8\u3081\u308b\u6226\u7565\u307e\u3067\u3001\u8a73\u7d30\u304b\u3064\u5177\u4f53\u7684\u306b\u89e3\u8aac\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u3053\u306e\u8a18\u4e8b\u306e\u30dd\u30a4\u30f3\u30c8<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>EV\uff08\u4f01\u696d\u4fa1\u5024\uff09\u306f\u3001\u4f01\u696d\u5168\u4f53\u306e\u4fa1\u5024\u3092\u5305\u62ec\u7684\u306b\u793a\u3059\u6307\u6a19\u3067\u3042\u308a\u3001M&amp;A\u306a\u3069\u306b\u304a\u3051\u308b\u8cb7\u53ce\u4fa1\u683c\u306e\u76ee\u5b89\u3068\u306a\u308b\u3002<\/li>\n\n\n\n<li>EV\u306e\u57fa\u672c\u7684\u306a\u8a08\u7b97\u65b9\u6cd5\u306f\u300c\u682a\u5f0f\u6642\u4fa1\u7dcf\u984d \uff0b \u7d14\u6709\u5229\u5b50\u8ca0\u50b5\u300d\u3067\u3042\u308a\u3001\u682a\u4e3b\u3060\u3051\u3067\u306a\u304f\u50b5\u6a29\u8005\u306e\u4fa1\u5024\u3082\u542b\u3080\u3002<\/li>\n\n\n\n<li>\u4f01\u696d\u4fa1\u5024\u8a55\u4fa1\u306b\u306f\u300c\u30b3\u30b9\u30c8\u30fb\u30a2\u30d7\u30ed\u30fc\u30c1\u300d\u300c\u30a4\u30f3\u30ab\u30e0\u30fb\u30a2\u30d7\u30ed\u30fc\u30c1\u300d\u300c\u30de\u30fc\u30b1\u30c3\u30c8\u30fb\u30a2\u30d7\u30ed\u30fc\u30c1\u300d\u306e3\u3064\u306e\u4e3b\u8981\u306a\u65b9\u6cd5\u304c\u5b58\u5728\u3059\u308b\u3002<\/li>\n\n\n\n<li>EV\u306f\u682a\u5f0f\u4fa1\u5024\uff08\u6642\u4fa1\u7dcf\u984d\uff09\u3068\u306f\u7570\u306a\u308a\u3001\u4f01\u696d\u306e\u7d14\u7c8b\u306a\u4e8b\u696d\u6d3b\u52d5\u304c\u751f\u307f\u51fa\u3059\u4fa1\u5024\u3092\u8a55\u4fa1\u3059\u308b\u969b\u306b\u7528\u3044\u3089\u308c\u308b\u3002<\/li>\n\n\n\n<li>\u4f01\u696d\u4fa1\u5024\u3092\u9ad8\u3081\u308b\u306b\u306f\u3001\u53ce\u76ca\u529b\u5411\u4e0a\u3001\u8ca1\u52d9\u4f53\u8cea\u6539\u5584\u3001\u6210\u9577\u6295\u8cc7\u306e3\u3064\u306e\u6226\u7565\u304c\u91cd\u8981\u3068\u306a\u308b\u3002<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">EV\uff08\u4f01\u696d\u4fa1\u5024\uff09\u306e\u5b9a\u7fa9\u3068\u57fa\u672c\u7684\u306a\u8003\u3048\u65b9<\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/paradigm-shift.co.jp\/media\/wp-content\/uploads\/2021\/06\/21f4a9bae9642010d2f0819d02e828e5-1024x576.png\" alt=\"\" class=\"wp-image-8944\" srcset=\"https:\/\/paradigm-shift.co.jp\/media\/wp-content\/uploads\/2021\/06\/21f4a9bae9642010d2f0819d02e828e5-1024x576.png 1024w, https:\/\/paradigm-shift.co.jp\/media\/wp-content\/uploads\/2021\/06\/21f4a9bae9642010d2f0819d02e828e5-300x169.png 300w, https:\/\/paradigm-shift.co.jp\/media\/wp-content\/uploads\/2021\/06\/21f4a9bae9642010d2f0819d02e828e5-768x432.png 768w, https:\/\/paradigm-shift.co.jp\/media\/wp-content\/uploads\/2021\/06\/21f4a9bae9642010d2f0819d02e828e5-485x273.png 485w, https:\/\/paradigm-shift.co.jp\/media\/wp-content\/uploads\/2021\/06\/21f4a9bae9642010d2f0819d02e828e5.png 1536w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">EV\uff08Enterprise Value\uff09\u3068\u306f\u3001\u4f01\u696d\u306e\u4e8b\u696d\u6d3b\u52d5\u304c\u751f\u307f\u51fa\u3059\u4fa1\u5024\u306e\u7dcf\u984d\u3092\u793a\u3059\u6307\u6a19\u3067\u3042\u308a\u3001\u682a\u4e3b\u3060\u3051\u3067\u306a\u304f\u50b5\u6a29\u8005\u306a\u3069\u3059\u3079\u3066\u306e\u8cc7\u91d1\u63d0\u4f9b\u8005\u304b\u3089\u898b\u305f\u4f01\u696d\u5168\u4f53\u306e\u4fa1\u5024\u3092\u8868\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3053\u306e\u30bb\u30af\u30b7\u30e7\u30f3\u3067\u306f\u3001EV\u306e\u5b9a\u7fa9\u3001\u69cb\u6210\u8981\u7d20\u3001\u305d\u3057\u3066\u306a\u305c\u8ca0\u50b5\u3092\u542b\u3081\u3066\u4fa1\u5024\u3092\u8a55\u4fa1\u3059\u308b\u306e\u304b\u3068\u3044\u3046\u57fa\u672c\u7684\u306a\u8003\u3048\u65b9\u3092\u8a73\u3057\u304f\u89e3\u8aac\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">EV\uff08Enterprise Value\uff09\u3068\u306f\uff1f\u4f01\u696d\u5168\u4f53\u306e\u4fa1\u5024\u3092\u5305\u62ec\u7684\u306b\u6349\u3048\u308b<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">EV\uff08\u30a8\u30f3\u30bf\u30fc\u30d7\u30e9\u30a4\u30ba\u30fb\u30d0\u30ea\u30e5\u30fc\uff09\u306f\u3001\u65e5\u672c\u8a9e\u3067\u300c\u4f01\u696d\u4fa1\u5024\u300d\u3068\u8a33\u3055\u308c\u3001\u4f01\u696d\u304c\u5c06\u6765\u306b\u308f\u305f\u3063\u3066\u751f\u307f\u51fa\u3059\u30d5\u30ea\u30fc\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306e\u73fe\u5728\u4fa1\u5024\u306e\u5408\u8a08\u3068\u3057\u3066\u5b9a\u7fa9\u3055\u308c\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3053\u308c\u306f\u3001\u4f01\u696d\u306e\u53ce\u76ca\u529b\u3092\u7dcf\u5408\u7684\u306b\u8a55\u4fa1\u3059\u308b\u6307\u6a19\u3068\u8a00\u3048\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u5b9f\u52d9\u4e0a\u3001EV\u306f\u4ee5\u4e0b\u306e\u8a08\u7b97\u5f0f\u3067\u7b97\u51fa\u3055\u308c\u308b\u306e\u304c\u4e00\u822c\u7684\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u3010EV\u306e\u57fa\u672c\u7684\u306a\u8a08\u7b97\u5f0f\u3011<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">EV \uff1d \u682a\u5f0f\u6642\u4fa1\u7dcf\u984d \uff0b \u7d14\u6709\u5229\u5b50\u8ca0\u50b5\uff08\u30cd\u30c3\u30c8\u30fb\u30c7\u30c3\u30c8\uff09<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3053\u3053\u3067\u91cd\u8981\u306a\u8981\u7d20\u3068\u306a\u308b\u306e\u304c\u300c\u682a\u5f0f\u6642\u4fa1\u7dcf\u984d\u300d\u3068\u300c\u7d14\u6709\u5229\u5b50\u8ca0\u50b5\u300d\u3067\u3059\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table\"><div class=\"table-scroll\"><table><tbody><tr><td><strong>\u682a\u5f0f\u6642\u4fa1\u7dcf\u984d<\/strong><\/td><td>\u682a\u4fa1\u306b\u767a\u884c\u6e08\u682a\u5f0f\u6570\u3092\u4e57\u3058\u3066\u7b97\u51fa\u3055\u308c\u308b\u3001\u682a\u4e3b\u306b\u5e30\u5c5e\u3059\u308b\u4fa1\u5024\u3002<\/td><\/tr><tr><td><strong>\u7d14\u6709\u5229\u5b50\u8ca0\u50b5\uff08\u30cd\u30c3\u30c8\u30fb\u30c7\u30c3\u30c8\uff09<\/strong><\/td><td>\u4f01\u696d\u304c\u8fd4\u6e08\u7fa9\u52d9\u3092\u8ca0\u3046\u6709\u5229\u5b50\u8ca0\u50b5\uff08\u501f\u5165\u91d1\u3001\u793e\u50b5\u306a\u3069\uff09\u304b\u3089\u3001\u3059\u3050\u306b\u8fd4\u6e08\u306b\u5145\u3066\u3089\u308c\u308b\u73fe\u91d1\u53ca\u3073\u73fe\u91d1\u540c\u7b49\u7269\u3092\u5dee\u3057\u5f15\u3044\u305f\u91d1\u984d\u3002\u975e\u4e8b\u696d\u7528\u306e\u8cc7\u7523\uff08\u904a\u4f11\u4e0d\u52d5\u7523\u306a\u3069\uff09\u3082\u3053\u3053\u304b\u3089\u63a7\u9664\u3055\u308c\u308b\u3053\u3068\u304c\u3042\u308a\u307e\u3059\u3002<\/td><\/tr><\/tbody><\/table><\/div><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\u3053\u306e\u8a08\u7b97\u5f0f\u304b\u3089\u308f\u304b\u308b\u3088\u3046\u306b\u3001EV\u306f\u682a\u4e3b\u306e\u4fa1\u5024\uff08\u682a\u5f0f\u6642\u4fa1\u7dcf\u984d\uff09\u3060\u3051\u3067\u306a\u304f\u3001\u50b5\u6a29\u8005\u306e\u4fa1\u5024\uff08\u6709\u5229\u5b50\u8ca0\u50b5\uff09\u3082\u52a0\u5473\u3057\u3066\u4f01\u696d\u5168\u4f53\u306e\u4fa1\u5024\u3092\u8a55\u4fa1\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3053\u306e\u5305\u62ec\u7684\u306a\u8996\u70b9\u3053\u305d\u304c\u3001EV\u304cM&amp;A\u3084\u4f01\u696d\u5206\u6790\u306e\u5834\u3067\u91cd\u8996\u3055\u308c\u308b\u6700\u5927\u306e\u7406\u7531\u3067\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">EV\u306e\u57fa\u672c\u7684\u306a\u30b3\u30f3\u30bb\u30d7\u30c8\uff1a\u306a\u305c\u8ca0\u50b5\u3082\u4fa1\u5024\u306b\u542b\u3081\u308b\u306e\u304b<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">EV\u306e\u8a08\u7b97\u3067\u6709\u5229\u5b50\u8ca0\u50b5\u304c\u52a0\u7b97\u3055\u308c\u308b\u306e\u306f\u3001M&amp;A\u306b\u304a\u3051\u308b\u8cb7\u53ce\u8005\u306e\u8996\u70b9\u306b\u57fa\u3065\u3044\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f01\u696d\u3092\u8cb7\u53ce\u3059\u308b\u3068\u3044\u3046\u3053\u3068\u306f\u3001\u305d\u306e\u4f01\u696d\u306e\u682a\u5f0f\u3092\u53d6\u5f97\u3059\u308b\u3060\u3051\u3067\u306a\u304f\u3001\u305d\u306e\u4f01\u696d\u304c\u62b1\u3048\u308b\u8ca0\u50b5\u3082\u4e00\u7dd2\u306b\u5f15\u304d\u7d99\u3050\u3053\u3068\u3092\u610f\u5473\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3064\u307e\u308a\u3001<strong>\u8cb7\u53ce\u8005\u306b\u3068\u3063\u3066\u306e\u5b9f\u8cea\u7684\u306a\u8cb7\u53ce\u30b3\u30b9\u30c8\u306f\u300c\u682a\u5f0f\u306e\u53d6\u5f97\u8cbb\u7528\u300d\u3068\u300c\u5f15\u304d\u7d99\u3050\u8ca0\u50b5\u306e\u8fd4\u6e08\u7fa9\u52d9\u300d\u306e\u5408\u8a08\u984d\u3068\u306a\u308a\u307e\u3059\u3002<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3053\u306e\u8003\u3048\u65b9\u304c\u3001EV\u306e\u8a08\u7b97\u5f0f\u306b\u53cd\u6620\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u307e\u305f\u3001\u5225\u306e\u89b3\u70b9\u304b\u3089\u898b\u308b\u3068\u3001\u4f01\u696d\u304c\u4e8b\u696d\u6d3b\u52d5\u3092\u884c\u3046\u305f\u3081\u306e\u8cc7\u91d1\u306f\u3001\u682a\u4e3b\u304b\u3089\u306e\u51fa\u8cc7\uff08\u81ea\u5df1\u8cc7\u672c\uff09\u3068\u3001\u91d1\u878d\u6a5f\u95a2\u306a\u3069\u304b\u3089\u306e\u501f\u5165\uff08\u4ed6\u4eba\u8cc7\u672c\uff1d\u8ca0\u50b5\uff09\u306b\u3088\u3063\u3066\u8cc4\u308f\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u305d\u3057\u3066\u3001\u4e8b\u696d\u6d3b\u52d5\u306b\u3088\u3063\u3066\u751f\u307f\u51fa\u3055\u308c\u308b\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306f\u3001\u3053\u308c\u3089\u3059\u3079\u3066\u306e\u8cc7\u91d1\u63d0\u4f9b\u8005\uff08\u682a\u4e3b\u3068\u50b5\u6a29\u8005\uff09\u306b\u5206\u914d\u3055\u308c\u308b\u3079\u304d\u3082\u306e\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3057\u305f\u304c\u3063\u3066\u3001\u4f01\u696d\u306e\u4e8b\u696d\u304c\u751f\u307f\u51fa\u3059\u4fa1\u5024\uff08EV\uff09\u306f\u3001\u682a\u4e3b\u3068\u50b5\u6a29\u8005\u306e\u4e21\u65b9\u306b\u5e30\u5c5e\u3059\u308b\u4fa1\u5024\u306e\u5408\u8a08\u3068\u3057\u3066\u6349\u3048\u308b\u306e\u304c\u8ad6\u7406\u7684\u3067\u3042\u308a\u3001\u3053\u308c\u304c\u8ca0\u50b5\u3092\u4fa1\u5024\u306b\u542b\u3081\u308b\u672c\u8cea\u7684\u306a\u7406\u7531\u3067\u3059\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">EV\u3068\u682a\u5f0f\u4fa1\u5024\u30fb\u4e8b\u696d\u4fa1\u5024\u306e\u6c7a\u5b9a\u7684\u306a\u9055\u3044\u3092\u7406\u89e3\u3059\u308b<\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/paradigm-shift.co.jp\/media\/wp-content\/uploads\/2021\/06\/e8ac4d84979f74f30c671fdd2a23a574-1024x576.png\" alt=\"\" class=\"wp-image-8945\" srcset=\"https:\/\/paradigm-shift.co.jp\/media\/wp-content\/uploads\/2021\/06\/e8ac4d84979f74f30c671fdd2a23a574-1024x576.png 1024w, https:\/\/paradigm-shift.co.jp\/media\/wp-content\/uploads\/2021\/06\/e8ac4d84979f74f30c671fdd2a23a574-300x169.png 300w, https:\/\/paradigm-shift.co.jp\/media\/wp-content\/uploads\/2021\/06\/e8ac4d84979f74f30c671fdd2a23a574-768x432.png 768w, https:\/\/paradigm-shift.co.jp\/media\/wp-content\/uploads\/2021\/06\/e8ac4d84979f74f30c671fdd2a23a574-485x273.png 485w, https:\/\/paradigm-shift.co.jp\/media\/wp-content\/uploads\/2021\/06\/e8ac4d84979f74f30c671fdd2a23a574.png 1536w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">EV\u3092\u6b63\u3057\u304f\u7406\u89e3\u3059\u308b\u305f\u3081\u306b\u306f\u3001\u6df7\u540c\u3055\u308c\u304c\u3061\u306a\u300c\u682a\u5f0f\u4fa1\u5024\uff08\u6642\u4fa1\u7dcf\u984d\uff09\u300d\u3084\u300c\u4e8b\u696d\u4fa1\u5024\u300d\u3068\u306e\u9055\u3044\u3092\u660e\u78ba\u306b\u533a\u5225\u3059\u308b\u3053\u3068\u304c\u4e0d\u53ef\u6b20\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3053\u308c\u3089\u306e\u6982\u5ff5\u306f\u5bc6\u63a5\u306b\u95a2\u9023\u3057\u3066\u3044\u307e\u3059\u304c\u3001\u8a55\u4fa1\u3059\u308b\u5bfe\u8c61\u3084\u7bc4\u56f2\u304c\u7570\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table\"><div class=\"table-scroll\"><table><thead><tr><th><strong>\u9805\u76ee<\/strong><\/th><th><strong>EV\uff08\u4f01\u696d\u4fa1\u5024\uff09<\/strong><\/th><th><strong>\u682a\u5f0f\u4fa1\u5024\uff08\u6642\u4fa1\u7dcf\u984d\uff09<\/strong><\/th><th><strong>\u4e8b\u696d\u4fa1\u5024<\/strong><\/th><\/tr><\/thead><tbody><tr><td><strong>\u5b9a\u7fa9<\/strong><\/td><td>\u4f01\u696d\u5168\u4f53\u306e\u4fa1\u5024\uff08\u682a\u4e3b\uff0b\u50b5\u6a29\u8005\uff09<\/td><td>\u682a\u4e3b\u306b\u5e30\u5c5e\u3059\u308b\u4fa1\u5024<\/td><td>\u672c\u696d\u306e\u4e8b\u696d\u6d3b\u52d5\u304c\u751f\u307f\u51fa\u3059\u4fa1\u5024<\/td><\/tr><tr><td><strong>\u8a55\u4fa1\u5bfe\u8c61<\/strong><\/td><td>\u4e8b\u696d\u6d3b\u52d5\u304c\u751f\u307f\u51fa\u3059\u4fa1\u5024\u306e\u7dcf\u984d<\/td><td>\u682a\u4e3b\u306e\u6301\u5206<\/td><td>\u4f01\u696d\u306e\u30b3\u30a2\u4e8b\u696d\u304c\u751f\u307f\u51fa\u3059\u4fa1\u5024<\/td><\/tr><tr><td><strong>\u8a08\u7b97\u5f0f\u306e\u57fa\u672c<\/strong><\/td><td>\u682a\u5f0f\u6642\u4fa1\u7dcf\u984d \uff0b \u7d14\u6709\u5229\u5b50\u8ca0\u50b5<\/td><td>EV \uff0d \u7d14\u6709\u5229\u5b50\u8ca0\u50b5\uff08\u307e\u305f\u306f\u682a\u4fa1 \u00d7 \u767a\u884c\u6e08\u682a\u5f0f\u6570\uff09<\/td><td>EV\u304b\u3089\u975e\u4e8b\u696d\u4fa1\u5024\u3092\u5dee\u3057\u5f15\u3044\u305f\u3082\u306e\uff08\u2252\u4e8b\u696d\u4fa1\u5024\uff09<\/td><\/tr><tr><td><strong>M&amp;A\u306b\u304a\u3051\u308b\u5f79\u5272<\/strong><\/td><td>\u8cb7\u53ce\u4fa1\u683c\u306e\u76ee\u5b89\u3001\u4f01\u696d\u5168\u4f53\u306e\u8a55\u4fa1<\/td><td>\u682a\u5f0f\u53d6\u5f97\u306e\u5bfe\u4fa1\u3001\u682a\u4e3b\u306e\u5229\u76ca<\/td><td>\u8cb7\u53ce\u5bfe\u8c61\u4f01\u696d\u306e\u53ce\u76ca\u529b\u30fb\u6210\u9577\u6027\u306e\u8a55\u4fa1<\/td><\/tr><tr><td><strong>\u8cc7\u91d1\u63d0\u4f9b\u8005\u306e\u8996\u70b9<\/strong><\/td><td>\u682a\u4e3b\u3068\u50b5\u6a29\u8005\u53cc\u65b9\u306e\u4fa1\u5024\u3092\u8003\u616e<\/td><td>\u682a\u4e3b\u306e\u8996\u70b9\u306e\u307f<\/td><td>\u4e8b\u696d\u6d3b\u52d5\u3078\u306e\u6295\u8cc7\u304c\u751f\u307f\u51fa\u3059\u4fa1\u5024<\/td><\/tr><\/tbody><\/table><\/div><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\u3053\u306e\u30bb\u30af\u30b7\u30e7\u30f3\u3067\u306f\u3001\u305d\u308c\u305e\u308c\u306e\u5b9a\u7fa9\u3068\u95a2\u4fc2\u6027\u3092\u3001\u5177\u4f53\u7684\u306a\u6570\u5024\u4f8b\u3092\u4ea4\u3048\u306a\u304c\u3089\u8a73\u3057\u304f\u89e3\u8aac\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u682a\u5f0f\u4fa1\u5024\uff08\u682a\u4e3b\u4fa1\u5024\u30fb\u6642\u4fa1\u7dcf\u984d\uff09\u306e\u5b9a\u7fa9\u3068EV\u3068\u306e\u95a2\u4fc2<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u682a\u5f0f\u4fa1\u5024\uff08\u682a\u4e3b\u4fa1\u5024\uff09\u3068\u306f\u3001<strong>\u4f01\u696d\u306e\u5168\u4f53\u4fa1\u5024\u304b\u3089\u50b5\u6a29\u8005\u306b\u5e30\u5c5e\u3059\u308b\u4fa1\u5024\uff08\u6709\u5229\u5b50\u8ca0\u50b5\u306a\u3069\uff09\u3092\u5dee\u3057\u5f15\u3044\u305f\u3001\u682a\u4e3b\u306e\u6301\u5206\u306b\u76f8\u5f53\u3059\u308b\u4fa1\u5024\u306e\u3053\u3068<\/strong>\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3053\u308c\u306f\u300c\u682a\u4e3b\u4fa1\u5024\u300d\u3068\u3082\u547c\u3070\u308c\u3001\u4e0a\u5834\u4f01\u696d\u306e\u5834\u5408\u306f\u300c\u6642\u4fa1\u7dcf\u984d\u300d\u3068\u307b\u307c\u540c\u7fa9\u3067\u7528\u3044\u3089\u308c\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">EV\u3068\u682a\u5f0f\u4fa1\u5024\u306e\u95a2\u4fc2\u306f\u3001\u4ee5\u4e0b\u306e\u5f0f\u3067\u8868\u3059\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u682a\u5f0f\u4fa1\u5024 \uff1d EV \uff0d \u7d14\u6709\u5229\u5b50\u8ca0\u50b5<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3053\u308c\u306f\u3001\u4f01\u696d\u306e\u5168\u4f53\u4fa1\u5024\uff08EV\uff09\u304b\u3089\u3001\u50b5\u6a29\u8005\u3078\u306e\u8fd4\u6e08\u7fa9\u52d9\u304c\u3042\u308b\u7d14\u6709\u5229\u5b50\u8ca0\u50b5\u3092\u5dee\u3057\u5f15\u3044\u305f\u6b8b\u308a\u304c\u3001\u682a\u4e3b\u306e\u3082\u306e\u306b\u306a\u308b\u3068\u3044\u3046\u8003\u3048\u65b9\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f8b\u3048\u3070\u3001\u81ea\u5df1\u8cc7\u672c\u6bd4\u7387\u304c100%\u306e\u7121\u501f\u91d1\u7d4c\u55b6\u306e\u4f01\u696d\u3092\u8003\u3048\u3066\u307f\u307e\u3057\u3087\u3046\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3053\u306e\u5834\u5408\u3001\u6709\u5229\u5b50\u8ca0\u50b5\u306f\u30bc\u30ed\u3067\u3042\u308b\u305f\u3081\u3001EV\u3068\u682a\u5f0f\u4fa1\u5024\uff08\u6642\u4fa1\u7dcf\u984d\uff09\u306f\u7b49\u3057\u304f\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3057\u304b\u3057\u3001\u591a\u304f\u306e\u4f01\u696d\u306f\u8ca0\u50b5\u3092\u6d3b\u7528\u3057\u3066\u4e8b\u696d\u3092\u884c\u3063\u3066\u3044\u308b\u305f\u3081\u3001\u4e00\u822c\u7684\u306bEV\u3068\u682a\u5f0f\u4fa1\u5024\u306f\u4e00\u81f4\u3057\u307e\u305b\u3093\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">EV\u3068\u6642\u4fa1\u7dcf\u984d\u306e\u9055\u3044\u3092\u7406\u89e3\u3059\u308b\u3053\u3068\u306f\u3001\u4f01\u696d\u306e\u8ca1\u52d9\u69cb\u9020\u3092\u8aad\u307f\u89e3\u304f\u4e0a\u3067\u975e\u5e38\u306b\u91cd\u8981\u3067\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u4e8b\u696d\u4fa1\u5024\u3068\u306e\u95a2\u9023\u6027\uff1aEV\u304c\u5b9f\u52d9\u3067\u610f\u5473\u3059\u308b\u3082\u306e<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u5b9f\u52d9\u4e0a\u3001EV\u306f\u4f01\u696d\u306e\u300c\u4e8b\u696d\u4fa1\u5024\u300d\u3068\u307b\u307c\u540c\u3058\u610f\u5473\u3067\u4f7f\u308f\u308c\u308b\u3053\u3068\u304c\u591a\u3044\u3067\u3059\u304c\u3001\u53b3\u5bc6\u306b\u306f\u5b9a\u7fa9\u304c\u7570\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f01\u696d\u306e\u4fa1\u5024\u306f\u3001\u4ee5\u4e0b\u306e\u5f0f\u3067\u69cb\u6210\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u4f01\u696d\u4fa1\u5024 \uff1d \u4e8b\u696d\u4fa1\u5024 \uff0b \u975e\u4e8b\u696d\u4fa1\u5024<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-table\"><div class=\"table-scroll\"><table><tbody><tr><td><strong>\u4e8b\u696d\u4fa1\u5024<\/strong><\/td><td>\u4f01\u696d\u304c\u672c\u696d\u306e\u4e8b\u696d\u6d3b\u52d5\u306b\u3088\u3063\u3066\u751f\u307f\u51fa\u3059\u4fa1\u5024\u3002<\/td><\/tr><tr><td><strong>\u975e\u4e8b\u696d\u4fa1\u5024<\/strong><\/td><td>\u672c\u696d\u3068\u306f\u76f4\u63a5\u95a2\u4fc2\u306e\u306a\u3044\u8cc7\u7523\uff08\u4f8b\uff1a\u4f59\u5270\u73fe\u91d1\u3001\u6295\u8cc7\u6709\u4fa1\u8a3c\u5238\u3001\u904a\u4f11\u5730\u306a\u3069\uff09\u304c\u6301\u3064\u4fa1\u5024\u3002<\/td><\/tr><\/tbody><\/table><\/div><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">EV\u306f\u3001\u4f01\u696d\u304c\u4e8b\u696d\u6d3b\u52d5\u304b\u3089\u751f\u307f\u51fa\u3059\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u3092\u6e90\u6cc9\u3068\u3059\u308b\u4fa1\u5024\u3067\u3042\u308b\u305f\u3081\u3001\u672c\u8cea\u7684\u306b\u306f\u300c\u4e8b\u696d\u4fa1\u5024\u300d\u306b\u8fd1\u3044\u6982\u5ff5\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3057\u304b\u3057\u3001EV\u306e\u8a08\u7b97\u5f0f\u306b\u542b\u307e\u308c\u308b\u300c\u73fe\u91d1\u53ca\u3073\u73fe\u91d1\u540c\u7b49\u7269\u300d\u306b\u306f\u3001\u4e8b\u696d\u904b\u55b6\u306b\u5fc5\u8981\u306a\u904b\u8ee2\u8cc7\u91d1\u3060\u3051\u3067\u306a\u304f\u3001\u4f59\u5270\u306a\u73fe\u91d1\uff08\u975e\u4e8b\u696d\u4fa1\u5024\uff09\u3082\u542b\u307e\u308c\u308b\u5834\u5408\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">EV\uff08Enterprise Value\uff09\u306f\u53b3\u5bc6\u306b\u306f\u672c\u696d\u306e\u300e\u4e8b\u696d\u4fa1\u5024\u300f\u3092\u6307\u3057\u3001\u975e\u4e8b\u696d\u8cc7\u7523\u3092\u52a0\u3048\u305f\u5168\u4f53\u3092\u300e\u4f01\u696d\u4fa1\u5024\uff08Corporate Value\uff09\u300f\u3068\u547c\u3073\u5206\u3051\u308b\u306e\u304c\u7406\u8ad6\u4e0a\u306e\u5b9a\u7fa9\u3067\u3059\u304c\u3001M&amp;A\u5b9f\u52d9\u3067\u306fEV\u3092\u7dcf\u79f0\u3057\u3066\u4f01\u696d\u4fa1\u5024\u3068\u547c\u3076\u3053\u3068\u3082\u591a\u304f\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">M&amp;A\u306e\u5b9f\u52d9\u3067\u306f\u3001\u3053\u306eEV\uff08\u4e8b\u696d\u4fa1\u5024\uff09\u304c\u8a55\u4fa1\u306e\u4e2d\u5fc3\u3068\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f8b\u3048\u3070\u3001<a href=\"https:\/\/paradigm-shift.co.jp\/\">\u682a\u5f0f\u4f1a\u793e\u30d1\u30e9\u30c0\u30a4\u30e0\u30b7\u30d5\u30c8<\/a>\u304c\u624b\u639b\u3051\u305f\u30a4\u30f3\u30c6\u30b0\u30ec\u30fc\u30b7\u30e7\u30f3\u30c6\u30af\u30ce\u30ed\u30b8\u30fc\u682a\u5f0f\u4f1a\u793e\u306e\u4e8b\u4f8b\u3067\u306f\u3001\u540c\u793e\u304c\u6301\u3064MBD\uff08\u30e2\u30c7\u30eb\u30d9\u30fc\u30b9\u958b\u767a\uff09\u5206\u91ce\u306e\u6280\u8853\u529b\u3084\u9867\u5ba2\u57fa\u76e4\u3068\u3044\u3063\u305f\u300c\u4e8b\u696d\u4fa1\u5024\u300d\u304c\u8cb7\u3044\u624b\u4f01\u696d\u306b\u3068\u3063\u3066\u9b45\u529b\u7684\u3067\u3042\u308a\u3001M&amp;A\u6210\u7acb\u306e\u6c7a\u3081\u624b\u3068\u306a\u308a\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3053\u306e\u3088\u3046\u306b\u3001\u4f01\u696d\u4fa1\u5024\u3068EV\u306e\u95a2\u4fc2\u6027\u3001\u305d\u3057\u3066\u4e8b\u696d\u4fa1\u5024\u3068EV\u306e\u95a2\u4fc2\u6027\u3092\u7406\u89e3\u3059\u308b\u3053\u3068\u306f\u3001M&amp;A\u306e\u4fa1\u683c\u4ea4\u6e09\u3084\u6295\u8cc7\u5224\u65ad\u3092\u7684\u78ba\u306b\u884c\u3046\u305f\u3081\u306e\u57fa\u790e\u3068\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">EV\uff08\u4f01\u696d\u4fa1\u5024\uff09\u306e\u4e3b\u8981\u306a\u8a55\u4fa1\u65b9\u6cd5\u3068\u5177\u4f53\u7684\u306a\u8a08\u7b97\u4f8b<\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/paradigm-shift.co.jp\/media\/wp-content\/uploads\/2021\/06\/2bbce3e1fdca781706080600a2d31f23-1024x576.png\" alt=\"\" class=\"wp-image-8946\" srcset=\"https:\/\/paradigm-shift.co.jp\/media\/wp-content\/uploads\/2021\/06\/2bbce3e1fdca781706080600a2d31f23-1024x576.png 1024w, https:\/\/paradigm-shift.co.jp\/media\/wp-content\/uploads\/2021\/06\/2bbce3e1fdca781706080600a2d31f23-300x169.png 300w, https:\/\/paradigm-shift.co.jp\/media\/wp-content\/uploads\/2021\/06\/2bbce3e1fdca781706080600a2d31f23-768x432.png 768w, https:\/\/paradigm-shift.co.jp\/media\/wp-content\/uploads\/2021\/06\/2bbce3e1fdca781706080600a2d31f23-485x273.png 485w, https:\/\/paradigm-shift.co.jp\/media\/wp-content\/uploads\/2021\/06\/2bbce3e1fdca781706080600a2d31f23.png 1536w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f01\u696d\u4fa1\u5024\uff08EV\uff09\u3092\u5177\u4f53\u7684\u306b\u7b97\u51fa\u3059\u308b\u306b\u306f\u3001\u78ba\u7acb\u3055\u308c\u305f\u8907\u6570\u306e\u8a55\u4fa1\u30a2\u30d7\u30ed\u30fc\u30c1\u304c\u5b58\u5728\u3057\u3001\u305d\u308c\u305e\u308c\u306b\u7279\u5fb4\u3068\u9069\u7528\u5834\u9762\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3053\u308c\u3089\u306e\u8a08\u7b97\u65b9\u6cd5\u3092\u7406\u89e3\u3059\u308b\u3053\u3068\u306f\u3001\u81ea\u793e\u306e\u4fa1\u5024\u3092\u5ba2\u89b3\u7684\u306b\u628a\u63e1\u3057\u3001M&amp;A\u3084\u8cc7\u91d1\u8abf\u9054\u306e\u4ea4\u6e09\u3092\u6709\u5229\u306b\u9032\u3081\u308b\u4e0a\u3067\u4e0d\u53ef\u6b20\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3053\u3053\u3067\u306f\u3001\u4ee3\u8868\u7684\u306a3\u3064\u306e\u30a2\u30d7\u30ed\u30fc\u30c1\uff08\u30b3\u30b9\u30c8\u3001\u30a4\u30f3\u30ab\u30e0\u3001\u30de\u30fc\u30b1\u30c3\u30c8\uff09\u3092\u6df1\u6398\u308a\u3057\u3001\u67b6\u7a7a\u306e\u4f01\u696d\u4e8b\u4f8b\u3092\u7528\u3044\u305f\u5177\u4f53\u7684\u306a\u8a08\u7b97\u624b\u9806\u3084\u6570\u5024\u4f8b\u3092\u8c4a\u5bcc\u306b\u53d6\u308a\u4e0a\u3052\u306a\u304c\u3089\u3001EV\u306e\u7b97\u51fa\u65b9\u6cd5\u3092\u7db2\u7f85\u7684\u306b\u89e3\u8aac\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u4f01\u696d\u4fa1\u5024\u8a55\u4fa1\u306e\u5168\u4f53\u50cf\uff1a3\u3064\u306e\u30a2\u30d7\u30ed\u30fc\u30c1<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f01\u696d\u4fa1\u5024\u8a55\u4fa1\u306b\u306f\u3001\u5927\u304d\u304f\u5206\u3051\u3066\u300c\u30b3\u30b9\u30c8\u30fb\u30a2\u30d7\u30ed\u30fc\u30c1\u300d\u300c\u30a4\u30f3\u30ab\u30e0\u30fb\u30a2\u30d7\u30ed\u30fc\u30c1\u300d\u300c\u30de\u30fc\u30b1\u30c3\u30c8\u30fb\u30a2\u30d7\u30ed\u30fc\u30c1\u300d\u306e3\u3064\u306e\u30a2\u30d7\u30ed\u30fc\u30c1\u304c\u5b58\u5728\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3069\u306e\u30a2\u30d7\u30ed\u30fc\u30c1\u3092\u9078\u629e\u3059\u308b\u304b\u306f\u3001\u4f01\u696d\u306e\u6210\u9577\u30b9\u30c6\u30fc\u30b8\u3001\u696d\u7a2e\u3001\u8a55\u4fa1\u306e\u76ee\u7684\u306b\u3088\u3063\u3066\u7570\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u5b9f\u52d9\u3067\u306f\u3001\u8907\u6570\u306e\u65b9\u6cd5\u3092\u7d44\u307f\u5408\u308f\u305b\u3066\u591a\u89d2\u7684\u306b\u8a55\u4fa1\u3057\u3001\u4fa1\u5024\u306e\u30ec\u30f3\u30b8\uff08\u7bc4\u56f2\uff09\u3092\u7b97\u51fa\u3059\u308b\u3053\u3068\u304c\u4e00\u822c\u7684\u3067\u3059\u3002\u4f01\u696d\u4fa1\u5024\u306e\u8a08\u7b97\u5f0f\u306f\u4e00\u3064\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4ee5\u4e0b\u306b\u3001\u5404\u30a2\u30d7\u30ed\u30fc\u30c1\u306e\u6982\u8981\u3068\u7279\u5fb4\u3092\u307e\u3068\u3081\u307e\u3059\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table\"><div class=\"table-scroll\"><table><thead><tr><th><strong>\u30a2\u30d7\u30ed\u30fc\u30c1<\/strong><\/th><th><strong>\u57fa\u672c\u7684\u306a\u8003\u3048\u65b9<\/strong><\/th><th><strong>\u30e1\u30ea\u30c3\u30c8<\/strong><\/th><th><strong>\u30c7\u30e1\u30ea\u30c3\u30c8<\/strong><\/th><th><strong>\u4e3b\u306a\u9069\u7528\u5834\u9762<\/strong><\/th><\/tr><\/thead><tbody><tr><td><strong>\u30b3\u30b9\u30c8\u30fb\u30a2\u30d7\u30ed\u30fc\u30c1<\/strong><\/td><td>\u4f01\u696d\u306e\u7d14\u8cc7\u7523\uff08\u8cc7\u7523\uff0d\u8ca0\u50b5\uff09\u3092\u57fa\u6e96\u306b\u4fa1\u5024\u3092\u8a55\u4fa1\u3059\u308b\u3002<\/td><td>\u30fb\u5ba2\u89b3\u6027\u304c\u9ad8\u3044<br>\u30fb\u8a08\u7b97\u304c\u6bd4\u8f03\u7684\u5bb9\u6613<\/td><td>\u30fb\u5c06\u6765\u306e\u53ce\u76ca\u529b\u304c\u53cd\u6620\u3055\u308c\u306a\u3044<br>\u30fb\u7121\u5f62\u8cc7\u7523\uff08\u30d6\u30e9\u30f3\u30c9\u3001\u6280\u8853\u306a\u3069\uff09\u306e\u4fa1\u5024\u3092\u8a55\u4fa1\u3057\u306b\u304f\u3044<\/td><td>\u30fb\u6210\u719f\u4f01\u696d\u3084\u6e05\u7b97\u4fa1\u5024\u306e\u7b97\u5b9a<br>\u30fb\u4e2d\u5c0f\u4f01\u696d\u306eM&amp;A<\/td><\/tr><tr><td><strong>\u30a4\u30f3\u30ab\u30e0\u30fb\u30a2\u30d7\u30ed\u30fc\u30c1<\/strong><\/td><td>\u4f01\u696d\u304c\u5c06\u6765\u751f\u307f\u51fa\u3059\u3068\u671f\u5f85\u3055\u308c\u308b\u53ce\u76ca\u3084\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u3092\u57fa\u6e96\u306b\u4fa1\u5024\u3092\u8a55\u4fa1\u3059\u308b\u3002<\/td><td>\u30fb\u5c06\u6765\u306e\u6210\u9577\u6027\u3084\u53ce\u76ca\u529b\u3092\u53cd\u6620\u3067\u304d\u308b<br>\u30fb\u4e8b\u696d\u306e\u72ec\u81ea\u6027\u3092\u8a55\u4fa1\u306b\u7e54\u308a\u8fbc\u307f\u3084\u3059\u3044<\/td><td>\u30fb\u5c06\u6765\u4e88\u6e2c\u306e\u4e3b\u89b3\u6027\u304c\u5165\u308a\u3084\u3059\u3044<br>\u30fb\u8a08\u7b97\u304c\u8907\u96d1<\/td><td>\u30fb\u6210\u9577\u4f01\u696d\u3001\u30b9\u30bf\u30fc\u30c8\u30a2\u30c3\u30d7<br>\u30fbM&amp;A\u306b\u304a\u3051\u308b\u4e8b\u696d\u4fa1\u5024\u8a55\u4fa1<\/td><\/tr><tr><td><strong>\u30de\u30fc\u30b1\u30c3\u30c8\u30fb\u30a2\u30d7\u30ed\u30fc\u30c1<\/strong><\/td><td>\u985e\u4f3c\u3059\u308b\u4e0a\u5834\u4f01\u696d\u3084\u904e\u53bb\u306eM&amp;A\u53d6\u5f15\u4e8b\u4f8b\u3068\u6bd4\u8f03\u3057\u3066\u3001\u76f8\u5bfe\u7684\u306a\u4fa1\u5024\u3092\u8a55\u4fa1\u3059\u308b\u3002<\/td><td>\u30fb\u5e02\u5834\u306e\u5ba2\u89b3\u7684\u306a\u8a55\u4fa1\u3092\u53cd\u6620\u3067\u304d\u308b<br>\u30fb\u8a08\u7b97\u304c\u6bd4\u8f03\u7684\u5bb9\u6613<\/td><td>\u30fb\u5b8c\u5168\u306b\u985e\u4f3c\u3057\u305f\u4f01\u696d\u3092\u898b\u3064\u3051\u308b\u306e\u304c\u56f0\u96e3<br>\u30fb\u5e02\u5834\u306e\u72b6\u6cc1\u306b\u5de6\u53f3\u3055\u308c\u308b<\/td><td>\u30fb\u4e0a\u5834\u4f01\u696d\u306e\u682a\u4fa1\u8a55\u4fa1<br>\u30fb\u696d\u754c\u5e73\u5747\u3068\u306e\u6bd4\u8f03<\/td><\/tr><\/tbody><\/table><\/div><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\u3053\u308c\u3089\u306e\u30a2\u30d7\u30ed\u30fc\u30c1\u306e\u9650\u754c\u3092\u7406\u89e3\u3057\u3001\u9069\u5207\u306b\u4f7f\u3044\u5206\u3051\u308b\u3053\u3068\u304c\u3001\u7cbe\u5ea6\u306e\u9ad8\u3044\u4f01\u696d\u4fa1\u5024\u8a55\u4fa1\u306b\u3064\u306a\u304c\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u30b3\u30b9\u30c8\u30fb\u30a2\u30d7\u30ed\u30fc\u30c1\uff1a\u8cc7\u7523\u3068\u8ca0\u50b5\u304b\u3089\u4fa1\u5024\u3092\u6e2c\u308b<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u30b3\u30b9\u30c8\u30fb\u30a2\u30d7\u30ed\u30fc\u30c1\u306f\u3001\u4f01\u696d\u306e\u8cb8\u501f\u5bfe\u7167\u8868\uff08B\/S\uff09\u306b\u8a18\u8f09\u3055\u308c\u3066\u3044\u308b\u8cc7\u7523\u3068\u8ca0\u50b5\u3092\u57fa\u306b\u3001\u7d14\u8cc7\u7523\u4fa1\u5024\u3092\u7b97\u51fa\u3057\u3066\u4f01\u696d\u4fa1\u5024\u3068\u3059\u308b\u8a55\u4fa1\u65b9\u6cd5\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f01\u696d\u306e\u904e\u53bb\u306e\u84c4\u7a4d\u306b\u7740\u76ee\u3057\u305f\u8a55\u4fa1\u65b9\u6cd5\u3067\u3042\u308a\u3001\u5ba2\u89b3\u6027\u304c\u9ad8\u3044\u3053\u3068\u304b\u3089\u3001\u7279\u306b\u4e2d\u5c0f\u4f01\u696d\u306eM&amp;A\u3084\u3001\u4f01\u696d\u306e\u6e05\u7b97\u4fa1\u5024\u3092\u7b97\u5b9a\u3059\u308b\u969b\u306b\u3088\u304f\u7528\u3044\u3089\u308c\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4ee3\u8868\u7684\u306a\u624b\u6cd5\u3068\u3057\u3066\u300c\u7c3f\u4fa1\u7d14\u8cc7\u7523\u6cd5\u300d\u3068\u300c\u6642\u4fa1\u7d14\u8cc7\u7523\u6cd5\u300d\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">\u7c3f\u4fa1\u7d14\u8cc7\u7523\u6cd5\uff1a\u5e33\u7c3f\u4fa1\u683c\u306b\u3088\u308b\u7c21\u4fbf\u306a\u8a55\u4fa1<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">\u7c3f\u4fa1\u7d14\u8cc7\u7523\u6cd5\u306f\u3001\u8cb8\u501f\u5bfe\u7167\u8868\u306b\u8a18\u8f09\u3055\u308c\u3066\u3044\u308b\u5e33\u7c3f\u4e0a\u306e\u8cc7\u7523\u7dcf\u984d\u304b\u3089\u8ca0\u50b5\u7dcf\u984d\u3092\u5dee\u3057\u5f15\u3044\u3066\u7d14\u8cc7\u7523\u984d\u3092\u7b97\u51fa\u3057\u3001\u305d\u308c\u3092\u4f01\u696d\u4fa1\u5024\u3068\u3059\u308b\u3082\u3063\u3068\u3082\u30b7\u30f3\u30d7\u30eb\u306a\u65b9\u6cd5\u3067\u3059\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table\"><div class=\"table-scroll\"><table><tbody><tr><td><strong>\u8a08\u7b97\u30b9\u30c6\u30c3\u30d7<\/strong><\/td><td>\u30fb\u4f01\u696d\u306e\u8cb8\u501f\u5bfe\u7167\u8868\uff08B\/S\uff09\u3092\u5165\u624b\u3059\u308b\u3002<br>\u30fbB\/S\u304b\u3089\u8cc7\u7523\u306e\u5408\u8a08\u984d\u3068\u8ca0\u50b5\u306e\u5408\u8a08\u984d\u3092\u78ba\u8a8d\u3059\u308b\u3002<br>\u30fb\u4ee5\u4e0b\u306e\u8a08\u7b97\u5f0f\u3067\u7c3f\u4fa1\u7d14\u8cc7\u7523\u984d\u3092\u7b97\u51fa\u3059\u308b\u3002<br><strong>\u4f01\u696d\u4fa1\u5024\uff08\u682a\u5f0f\u4fa1\u5024\uff09 \uff1d \u8cc7\u7523\u5408\u8a08\uff08\u7c3f\u4fa1\uff09 \uff0d \u8ca0\u50b5\u5408\u8a08\uff08\u7c3f\u4fa1\uff09<\/strong><\/td><\/tr><tr><td><strong>\u5177\u4f53\u7684\u8a08\u7b97\u4f8b<\/strong><\/td><td>\u30fb\u8cc7\u7523\u5408\u8a08\uff08\u7c3f\u4fa1\uff09\uff1a10\u5104\u5186<br>\u30fb\u8ca0\u50b5\u5408\u8a08\uff08\u7c3f\u4fa1\uff09\uff1a6\u5104\u5186<br><strong>\u4f01\u696d\u4fa1\u5024 \uff1d 10\u5104\u5186 \uff0d 6\u5104\u5186 \uff1d 4\u5104\u5186<\/strong><\/td><\/tr><tr><td><strong>\u30e1\u30ea\u30c3\u30c8<\/strong><\/td><td>\u6c7a\u7b97\u66f8\u304c\u3042\u308c\u3070\u6bd4\u8f03\u7684\u5bb9\u6613\u306b\u8a08\u7b97\u3067\u304d\u3001\u5ba2\u89b3\u6027\u304c\u9ad8\u3044\u3002<\/td><\/tr><tr><td><strong>\u30c7\u30e1\u30ea\u30c3\u30c8<\/strong><\/td><td>\u8cc7\u7523\u30fb\u8ca0\u50b5\u306e\u6642\u4fa1\uff08\u73fe\u5728\u306e\u5e02\u5834\u4fa1\u5024\uff09\u304c\u7c3f\u4fa1\u3068\u5927\u304d\u304f\u4e56\u96e2\u3057\u3066\u3044\u308b\u5834\u5408\u3001\u4f01\u696d\u306e\u5b9f\u614b\u3092\u6b63\u78ba\u306b\u53cd\u6620\u3067\u304d\u306a\u3044\u3002\u7279\u306b\u3001\u571f\u5730\u3084\u6709\u4fa1\u8a3c\u5238\u306a\u3069\u306e\u542b\u307f\u640d\u76ca\u304c\u8003\u616e\u3055\u308c\u306a\u3044\u70b9\u304c\u5927\u304d\u306a\u8ab2\u984c\u3002<\/td><\/tr><\/tbody><\/table><\/div><\/figure>\n\n\n\n<h4 class=\"wp-block-heading\">\u6642\u4fa1\u7d14\u8cc7\u7523\u6cd5\uff1a\u5b9f\u614b\u3092\u53cd\u6620\u3057\u305f\u8a55\u4fa1<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">\u6642\u4fa1\u7d14\u8cc7\u7523\u6cd5\u306f\u3001\u7c3f\u4fa1\u7d14\u8cc7\u7523\u6cd5\u306e\u6b20\u70b9\u3092\u88dc\u3046\u305f\u3081\u3001\u4f01\u696d\u306e\u8cc7\u7523\u3068\u8ca0\u50b5\u3092\u3059\u3079\u3066\u6642\u4fa1\u306b\u8a55\u4fa1\u3057\u76f4\u3057\u3066\u304b\u3089\u7d14\u8cc7\u7523\u984d\u3092\u7b97\u51fa\u3059\u308b\u65b9\u6cd5\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3053\u308c\u306b\u3088\u308a\u3001\u4f01\u696d\u4fa1\u5024\u3092\u3088\u308a\u5b9f\u614b\u306b\u8fd1\u3044\u5f62\u3067\u8a55\u4fa1\u3067\u304d\u307e\u3059\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table\"><div class=\"table-scroll\"><table><tbody><tr><td><strong>\u8a08\u7b97\u30b9\u30c6\u30c3\u30d7<\/strong><\/td><td>\u30fb\u4f01\u696d\u306e\u8cb8\u501f\u5bfe\u7167\u8868\uff08B\/S\uff09\u3092\u5165\u624b\u3057\u3001\u5404\u8cc7\u7523\u30fb\u8ca0\u50b5\u9805\u76ee\u3092\u30ea\u30b9\u30c8\u30a2\u30c3\u30d7\u3059\u308b\u3002<br>\u30fb\u4e0d\u52d5\u7523\u3001\u6709\u4fa1\u8a3c\u5238\u3001\u5728\u5eab\u3001\u58f2\u639b\u91d1\u306a\u3069\u3001\u3059\u3079\u3066\u306e\u8cc7\u7523\u30fb\u8ca0\u50b5\u3092\u6642\u4fa1\u3067\u518d\u8a55\u4fa1\u3059\u308b\u3002<br>\u30fb\u6642\u4fa1\u8a55\u4fa1\u5f8c\u306e\u8cc7\u7523\u5408\u8a08\uff08\u6642\u4fa1\uff09\u3068\u8ca0\u50b5\u5408\u8a08\uff08\u6642\u4fa1\uff09\u3092\u7b97\u51fa\u3059\u308b\u3002<br>\u30fb\u4ee5\u4e0b\u306e\u8a08\u7b97\u5f0f\u3067\u6642\u4fa1\u7d14\u8cc7\u7523\u984d\u3092\u7b97\u51fa\u3059\u308b\u3002<br><strong>\u4f01\u696d\u4fa1\u5024\uff08\u682a\u5f0f\u4fa1\u5024\uff09 \uff1d \u8cc7\u7523\u5408\u8a08\uff08\u6642\u4fa1\uff09 \uff0d \u8ca0\u50b5\u5408\u8a08\uff08\u6642\u4fa1\uff09<\/strong><\/td><\/tr><tr><td><strong>\u5177\u4f53\u7684\u8a08\u7b97\u4f8b<\/strong><\/td><td>\u30fb\u8cc7\u7523\u5408\u8a08\uff08\u7c3f\u4fa1\uff09\uff1a10\u5104\u5186<br>\u30fb\u571f\u5730\u306e\u542b\u307f\u76ca\uff1a2\u5104\u5186<br>\u30fb\u6709\u4fa1\u8a3c\u5238\u306e\u542b\u307f\u640d\uff1a0.5\u5104\u5186<br>\u30fb\u6642\u4fa1\u8a55\u4fa1\u5f8c\u306e\u8cc7\u7523\u5408\u8a08\uff1a10\u5104\u5186 \uff0b 2\u5104\u5186 \uff0d 0.5\u5104\u5186 \uff1d 11.5\u5104\u5186<br>\u30fb\u8ca0\u50b5\u5408\u8a08\uff08\u6642\u4fa1\uff09\uff1a6\u5104\u5186\uff08\u7c3f\u4fa1\u3068\u5909\u52d5\u306a\u3057\u3068\u4eee\u5b9a\uff09<br><strong>\u4f01\u696d\u4fa1\u5024 \uff1d 11.5\u5104\u5186 \uff0d 6\u5104\u5186 \uff1d 5.5\u5104\u5186<\/strong><\/td><\/tr><tr><td><strong>\u30e1\u30ea\u30c3\u30c8<\/strong><\/td><td>\u7c3f\u4fa1\u7d14\u8cc7\u7523\u6cd5\u306b\u6bd4\u3079\u3066\u3001\u4f01\u696d\u306e\u5b9f\u614b\u4fa1\u5024\u3092\u3088\u308a\u6b63\u78ba\u306b\u53cd\u6620\u3067\u304d\u308b\u3002<\/td><\/tr><tr><td><strong>\u30c7\u30e1\u30ea\u30c3\u30c8<\/strong><\/td><td>\u5404\u8cc7\u7523\u30fb\u8ca0\u50b5\u306e\u6642\u4fa1\u8a55\u4fa1\u306b\u5c02\u9580\u7684\u306a\u77e5\u8b58\u3068\u624b\u9593\u304c\u5fc5\u8981\u3002\u7279\u306b\u975e\u4e0a\u5834\u682a\u5f0f\u3084\u7279\u6b8a\u306a\u4e0d\u52d5\u7523\u306e\u8a55\u4fa1\u306f\u96e3\u3057\u3044\u3002<\/td><\/tr><\/tbody><\/table><\/div><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">\u30a4\u30f3\u30ab\u30e0\u30fb\u30a2\u30d7\u30ed\u30fc\u30c1\uff1a\u5c06\u6765\u306e\u53ce\u76ca\u529b\u304b\u3089\u4fa1\u5024\u3092\u6e2c\u308b<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u30a4\u30f3\u30ab\u30e0\u30fb\u30a2\u30d7\u30ed\u30fc\u30c1\u306f\u3001\u8a55\u4fa1\u5bfe\u8c61\u4f01\u696d\u304c\u5c06\u6765\u751f\u307f\u51fa\u3059\u3068\u4e88\u6e2c\u3055\u308c\u308b\u53ce\u76ca\u3084\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306b\u57fa\u3065\u3044\u3066\u4f01\u696d\u4fa1\u5024\u3092\u8a55\u4fa1\u3059\u308b\u65b9\u6cd5\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f01\u696d\u306e\u5c06\u6765\u6027\u3084\u300c\u7a3c\u3050\u529b\u300d\u3092\u8a55\u4fa1\u306b\u7e54\u308a\u8fbc\u3080\u3053\u3068\u304c\u3067\u304d\u308b\u305f\u3081\u3001\u6210\u9577\u4f01\u696d\u3084\u30b9\u30bf\u30fc\u30c8\u30a2\u30c3\u30d7\u306e\u8a55\u4fa1\u3001M&amp;A\u306b\u304a\u3051\u308b\u4e8b\u696d\u4fa1\u5024\u306e\u7b97\u5b9a\u306a\u3069\u3001\u5e45\u5e83\u3044\u5834\u9762\u3067\u6d3b\u7528\u3055\u308c\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4ee3\u8868\u7684\u306a\u624b\u6cd5\u306b\u300cDCF\u6cd5\u300d\u300c\u53ce\u76ca\u9084\u5143\u6cd5\u300d\u300c\u914d\u5f53\u9084\u5143\u6cd5\u300d\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">DCF\u6cd5\uff08\u5272\u5f15\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u6cd5\uff09\uff1a\u3082\u3063\u3068\u3082\u6c4e\u7528\u7684\u306a\u8a55\u4fa1\u624b\u6cd5<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">DCF\u6cd5\u306f\u3001\u4f01\u696d\u304c\u5c06\u6765\u306b\u308f\u305f\u3063\u3066\u751f\u307f\u51fa\u3059\u30d5\u30ea\u30fc\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\uff08FCF\uff09\u3092\u4e88\u6e2c\u3057\u3001\u305d\u308c\u3092\u9069\u5207\u306a\u5272\u5f15\u7387\uff08WACC\uff09\u3067\u73fe\u5728\u4fa1\u5024\u306b\u5272\u308a\u5f15\u304f\u3053\u3068\u3067\u4e8b\u696d\u4fa1\u5024\u3092\u7b97\u51fa\u3059\u308b\u3001\u30a4\u30f3\u30ab\u30e0\u30fb\u30a2\u30d7\u30ed\u30fc\u30c1\u306e\u4e2d\u6838\u7684\u306a\u624b\u6cd5\u3067\u3059\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table\"><div class=\"table-scroll\"><table><tbody><tr><td rowspan=\"5\"><strong>\u8a08\u7b97\u30b9\u30c6\u30c3\u30d7<\/strong><\/td><td>\u4e8b\u696d\u8a08\u753b\u306e\u7b56\u5b9a<\/td><td>3\uff5e5\u5e74\u7a0b\u5ea6\u306e\u4e8b\u696d\u8a08\u753b\u3092\u7acb\u3066\u3001\u58f2\u4e0a\u9ad8\u3084\u8cbb\u7528\u3001\u8a2d\u5099\u6295\u8cc7\u306a\u3069\u3092\u4e88\u6e2c\u3059\u308b\u3002<\/td><\/tr><tr><td>\u30d5\u30ea\u30fc\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\uff08FCF\uff09\u306e\u4e88\u6e2c<\/td><td>\u4e8b\u696d\u8a08\u753b\u306b\u57fa\u3065\u304d\u3001\u5404\u5e74\u5ea6\u306eFCF\u3092\u7b97\u51fa\u3059\u308b\u3002<br><strong>FCF = EBIT(1 &#8211; \u7a0e\u7387) + \u6e1b\u4fa1\u511f\u5374\u8cbb &#8211; \u8a2d\u5099\u6295\u8cc7 &#8211; \u904b\u8ee2\u8cc7\u672c\u5897\u52a0\u984d<\/strong><\/td><\/tr><tr><td>\u5272\u5f15\u7387\uff08WACC\uff09\u306e\u7b97\u5b9a<\/td><td>\u682a\u4e3b\u8cc7\u672c\u30b3\u30b9\u30c8\u3068\u8ca0\u50b5\u30b3\u30b9\u30c8\u3092\u52a0\u91cd\u5e73\u5747\u3057\u3066\u3001WACC\uff08\u52a0\u91cd\u5e73\u5747\u8cc7\u672c\u30b3\u30b9\u30c8\uff09\u3092\u7b97\u51fa\u3059\u308b\u3002<\/td><\/tr><tr><td>\u7d99\u7d9a\u4fa1\u5024\uff08TV\uff09\u306e\u7b97\u5b9a<\/td><td>\u4e88\u6e2c\u671f\u9593\u6700\u7d42\u5e74\u5ea6\u306e\u7fcc\u5e74\u5ea6\u4ee5\u964d\u306eFCF\u3092\u3001\u6c38\u4e45\u6210\u9577\u7387\uff08g\uff09\u3092\u7528\u3044\u3066\u7b97\u5b9a\u3059\u308b\u3002<br><strong>TV = \u4e88\u6e2c\u671f\u9593\u6700\u7d42\u5e74\u5ea6FCF \u00d7 (1 + g) \u00f7 (WACC &#8211; g)<\/strong><\/td><\/tr><tr><td>\u4e8b\u696d\u4fa1\u5024\u306e\u7b97\u51fa<\/td><td>\u5404\u5e74\u5ea6\u306eFCF\u3068\u7d99\u7d9a\u4fa1\u5024\uff08TV\uff09\u3092WACC\u3067\u73fe\u5728\u4fa1\u5024\u306b\u5272\u308a\u5f15\u304d\u3001\u5408\u8a08\u3057\u3066\u4e8b\u696d\u4fa1\u5024\u3092\u6c42\u3081\u308b\u3002<\/td><\/tr><tr><td rowspan=\"4\"><strong>\u5177\u4f53\u7684\u8a08\u7b97\u4f8b<\/strong><\/td><td colspan=\"2\">WACC: 8.0%<br>\u6c38\u4e45\u6210\u9577\u7387: 1.0%<br>\u4e88\u6e2cFCF: 1\u5e74\u5f8c 1\u5104\u5186\u30012\u5e74\u5f8c 1.2\u5104\u5186\u30013\u5e74\u5f8c 1.3\u5104\u5186<\/td><\/tr><tr><td>\u5404\u5e74\u5ea6FCF\u306e\u73fe\u5728\u4fa1\u5024<\/td><td>\u30fb1\u5e74\u5f8c: 1\u5104\u5186 \u00f7 (1.08)\u00b9 = 0.93\u5104\u5186<br>\u30fb2\u5e74\u5f8c: 1.2\u5104\u5186 \u00f7 (1.08)\u00b2 = 1.03\u5104\u5186<br>\u30fb3\u5e74\u5f8c: 1.3\u5104\u5186 \u00f7 (1.08)\u00b3 = 1.03\u5104\u5186<\/td><\/tr><tr><td>\u7d99\u7d9a\u4fa1\u5024\uff08TV\uff09\u306e\u8a08\u7b97<\/td><td>\u30fb4\u5e74\u76ee\u306eFCF: 1.3\u5104\u5186 \u00d7 (1 + 0.01) = 1.313\u5104\u5186<br>\u30fbTV: 1.313\u5104\u5186 \u00f7 (0.08 &#8211; 0.01) = 18.76\u5104\u5186<br>\u30fbTV\u306e\u73fe\u5728\u4fa1\u5024: 18.76\u5104\u5186 \u00f7 (1.08)\u00b3 = 14.89\u5104\u5186<\/td><\/tr><tr><td>\u4e8b\u696d\u4fa1\u5024\u306e\u5408\u8a08<\/td><td>\u30fb\u4e8b\u696d\u4fa1\u5024 = 0.93 + 1.03 + 1.03 + 14.89 = 17.88\u5104\u5186<\/td><\/tr><tr><td><strong>\u30e1\u30ea\u30c3\u30c8<\/strong><\/td><td colspan=\"2\">\u4f01\u696d\u306e\u500b\u5225\u306e\u4e8b\u696d\u8a08\u753b\u3084\u6210\u9577\u6027\u3092\u53cd\u6620\u3067\u304d\u308b\u305f\u3081\u3001\u7406\u8ad6\u7684\u306b\u3082\u3063\u3068\u3082\u7cbe\u7dfb\u306a\u8a55\u4fa1\u304c\u53ef\u80fd\u3002<\/td><\/tr><tr><td><strong>\u30c7\u30e1\u30ea\u30c3\u30c8<\/strong><\/td><td colspan=\"2\">\u4e8b\u696d\u8a08\u753b\u3084\u5272\u5f15\u7387\u3001\u6c38\u4e45\u6210\u9577\u7387\u306a\u3069\u306e\u524d\u63d0\u6761\u4ef6\u306b\u3088\u3063\u3066\u8a55\u4fa1\u984d\u304c\u5927\u304d\u304f\u5909\u52d5\u3057\u3001\u6063\u610f\u6027\u304c\u5165\u308a\u8fbc\u3080\u4f59\u5730\u304c\u3042\u308b\u3002<\/td><\/tr><\/tbody><\/table><\/div><\/figure>\n\n\n\n<h4 class=\"wp-block-heading\">\u53ce\u76ca\u9084\u5143\u6cd5\uff1a\u5b89\u5b9a\u7684\u306a\u53ce\u76ca\u304c\u898b\u8fbc\u307e\u308c\u308b\u5834\u5408\u306b\u6709\u52b9<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">\u53ce\u76ca\u9084\u5143\u6cd5\u306f\u3001\u4f01\u696d\u304c\u5c06\u6765\u306b\u308f\u305f\u3063\u3066\u751f\u307f\u51fa\u3059\u3068\u671f\u5f85\u3055\u308c\u308b\u5358\u5e74\u5ea6\u306e\u5e73\u5747\u7684\u306a\u5229\u76ca\u3084\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u3092\u3001\u8cc7\u672c\u9084\u5143\u7387\u3067\u5272\u308b\u3053\u3068\u3067\u4e8b\u696d\u4fa1\u5024\u3092\u7b97\u51fa\u3059\u308b\u7c21\u4fbf\u306a\u65b9\u6cd5\u3067\u3059\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table\"><div class=\"table-scroll\"><table><tbody><tr><td><strong>\u8a08\u7b97\u30b9\u30c6\u30c3\u30d7<\/strong><\/td><td>\u30fb\u4f01\u696d\u306e\u6b63\u5e38\u306a\u53ce\u76ca\u529b\uff08\u904e\u53bb\u6570\u5e74\u9593\u306e\u5e73\u5747\u5229\u76ca\u306a\u3069\uff09\u3092\u7b97\u51fa\u3059\u308b\u3002<br>\u30fb\u9069\u5207\u306a\u8cc7\u672c\u9084\u5143\u7387\u3092\u8a2d\u5b9a\u3059\u308b\u3002\u8cc7\u672c\u9084\u5143\u7387\u306f\u3001\u671f\u5f85\u53ce\u76ca\u7387\u3084\u30ea\u30b9\u30af\u3092\u8003\u616e\u3057\u3066\u6c7a\u5b9a\u3055\u308c\u308b\u3002<br>\u30fb\u4ee5\u4e0b\u306e\u8a08\u7b97\u5f0f\u3067\u4e8b\u696d\u4fa1\u5024\u3092\u7b97\u51fa\u3059\u308b\u3002<br><strong>\u4e8b\u696d\u4fa1\u5024 \uff1d \u5e73\u5747\u53ce\u76ca \u00f7 \u8cc7\u672c\u9084\u5143\u7387<\/strong><\/td><\/tr><tr><td><strong>\u5177\u4f53\u7684\u8a08\u7b97\u4f8b<\/strong><\/td><td>\u30fb\u904e\u53bb3\u5e74\u9593\u306e\u5e73\u5747\u7a0e\u5f15\u5f8c\u5229\u76ca\uff1a5,000\u4e07\u5186<br>\u30fb\u8cc7\u672c\u9084\u5143\u7387\uff1a10%<br><strong>\u4e8b\u696d\u4fa1\u5024 = 5,000\u4e07\u5186 \u00f7 10% = 5\u5104\u5186<\/strong><\/td><\/tr><tr><td><strong>\u30e1\u30ea\u30c3\u30c8<\/strong><\/td><td>\u8a08\u7b97\u304c\u30b7\u30f3\u30d7\u30eb\u3067\u5206\u304b\u308a\u3084\u3059\u3044\u3002<\/td><\/tr><tr><td><strong>\u30c7\u30e1\u30ea\u30c3\u30c8<\/strong><\/td><td>\u53ce\u76ca\u304c\u5b89\u5b9a\u3057\u3066\u3044\u308b\u4f01\u696d\u3067\u306a\u3044\u3068\u9069\u7528\u304c\u96e3\u3057\u3044\u3002\u30d9\u30f3\u30c1\u30e3\u30fc\u4f01\u696d\u306e\u3088\u3046\u306b\u53ce\u76ca\u306e\u5909\u52d5\u304c\u6fc0\u3057\u3044\u4f1a\u793e\u306b\u306f\u4e0d\u5411\u304d\u3002\u8cc7\u672c\u9084\u5143\u7387\u306e\u8a2d\u5b9a\u306b\u4e3b\u89b3\u304c\u5165\u308a\u3084\u3059\u3044\u3002<\/td><\/tr><\/tbody><\/table><\/div><\/figure>\n\n\n\n<h4 class=\"wp-block-heading\">\u914d\u5f53\u9084\u5143\u6cd5\uff1a\u914d\u5f53\u653f\u7b56\u3092\u91cd\u8996\u3059\u308b\u8a55\u4fa1<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">\u914d\u5f53\u9084\u5143\u6cd5\u306f\u3001\u4f01\u696d\u304c\u5c06\u6765\u652f\u6255\u3046\u3068\u4e88\u6e2c\u3055\u308c\u308b\u914d\u5f53\u91d1\u306e\u984d\u3092\u3001\u682a\u4e3b\u306e\u8981\u6c42\u3059\u308b\u53ce\u76ca\u7387\uff08\u8cc7\u672c\u30b3\u30b9\u30c8\uff09\u3067\u5272\u308a\u5f15\u304f\u3053\u3068\u3067\u682a\u4e3b\u4fa1\u5024\u3092\u7b97\u51fa\u3059\u308b\u65b9\u6cd5\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u975e\u4e0a\u5834\u4f01\u696d\u3084\u3001\u682a\u4e3b\u304c\u5c11\u6570\u3067\u914d\u5f53\u653f\u7b56\u304c\u5b89\u5b9a\u3057\u3066\u3044\u308b\u4f01\u696d\u306e\u8a55\u4fa1\u306b\u7528\u3044\u3089\u308c\u308b\u3053\u3068\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table\"><div class=\"table-scroll\"><table><tbody><tr><td><strong>\u8a08\u7b97\u30b9\u30c6\u30c3\u30d7<\/strong><\/td><td>\u30fb\u5c06\u6765\u306e1\u682a\u5f53\u305f\u308a\u306e\u4e88\u6e2c\u914d\u5f53\u984d\u3092\u7b97\u51fa\u3059\u308b\u3002<br>\u30fb\u682a\u4e3b\u8cc7\u672c\u30b3\u30b9\u30c8\uff08\u682a\u4e3b\u304c\u671f\u5f85\u3059\u308b\u30ea\u30bf\u30fc\u30f3\uff09\u3092\u8a2d\u5b9a\u3059\u308b\u3002<br>\u30fb\u4ee5\u4e0b\u306e\u8a08\u7b97\u5f0f\u3067\u682a\u4e3b\u4fa1\u5024\u3092\u7b97\u51fa\u3059\u308b\u3002<br><strong>\u682a\u4e3b\u4fa1\u5024 \uff1d \u4e88\u6e2c\u914d\u5f53\u7dcf\u984d \u00f7 \u682a\u4e3b\u8cc7\u672c\u30b3\u30b9\u30c8<\/strong><\/td><\/tr><tr><td><strong>\u5177\u4f53\u7684\u8a08\u7b97\u4f8b<\/strong><\/td><td>\u30fb\u5e74\u9593\u306e\u4e88\u6e2c\u914d\u5f53\u7dcf\u984d\uff1a3,000\u4e07\u5186<br>\u30fb\u682a\u4e3b\u8cc7\u672c\u30b3\u30b9\u30c8\uff1a12%<br><strong>\u682a\u4e3b\u4fa1\u5024 = 3,000\u4e07\u5186 \u00f7 12% = 2.5\u5104\u5186<\/strong><\/td><\/tr><tr><td><strong>\u30e1\u30ea\u30c3\u30c8<\/strong><\/td><td>\u914d\u5f53\u3068\u3044\u3046\u682a\u4e3b\u306b\u3068\u3063\u3066\u76f4\u63a5\u7684\u306a\u30ea\u30bf\u30fc\u30f3\u3092\u57fa\u6e96\u306b\u3059\u308b\u305f\u3081\u3001\u76f4\u611f\u7684\u3067\u5206\u304b\u308a\u3084\u3059\u3044\u3002<\/td><\/tr><tr><td><strong>\u30c7\u30e1\u30ea\u30c3\u30c8<\/strong><\/td><td>\u4f01\u696d\u306e\u914d\u5f53\u653f\u7b56\u306b\u5927\u304d\u304f\u4f9d\u5b58\u3059\u308b\u305f\u3081\u3001\u5185\u90e8\u7559\u4fdd\u3092\u91cd\u8996\u3059\u308b\u6210\u9577\u4f01\u696d\u306a\u3069\u306e\u8a55\u4fa1\u306b\u306f\u4e0d\u5411\u304d\u3002\u5927\u4f01\u696d\u306eM&amp;A\u3067\u306f\u4e88\u6e2c\u304c\u56f0\u96e3\u306a\u305f\u3081\u3001\u3042\u307e\u308a\u5229\u7528\u3055\u308c\u306a\u3044\u3002<\/td><\/tr><\/tbody><\/table><\/div><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">\u30de\u30fc\u30b1\u30c3\u30c8\u30fb\u30a2\u30d7\u30ed\u30fc\u30c1\uff1a\u5e02\u5834\u306e\u8a55\u4fa1\u3092\u53c2\u8003\u306b\u3059\u308b<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u30de\u30fc\u30b1\u30c3\u30c8\u30fb\u30a2\u30d7\u30ed\u30fc\u30c1\u306f\u3001\u682a\u5f0f\u5e02\u5834\u3084M&amp;A\u5e02\u5834\u3068\u3044\u3063\u305f\u5e02\u5834\u3067\u306e\u53d6\u5f15\u4fa1\u683c\u3092\u57fa\u6e96\u306b\u3001\u76f8\u5bfe\u7684\u306a\u4f01\u696d\u4fa1\u5024\u3092\u8a55\u4fa1\u3059\u308b\u65b9\u6cd5\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u5e02\u5834\u53c2\u52a0\u8005\u306e\u5ba2\u89b3\u7684\u306a\u8a55\u4fa1\u3092\u53cd\u6620\u3067\u304d\u308b\u305f\u3081\u3001\u8aac\u5f97\u529b\u306e\u3042\u308b\u8a55\u4fa1\u65b9\u6cd5\u3068\u3057\u3066\u5e83\u304f\u5229\u7528\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4ee3\u8868\u7684\u306a\u624b\u6cd5\u3068\u3057\u3066\u300c\u985e\u4f3c\u4f1a\u793e\u6bd4\u8f03\u6cd5\uff08\u30de\u30eb\u30c1\u30d7\u30eb\u6cd5\uff09\u300d\u3068\u300c\u5e02\u5834\u682a\u4fa1\u6cd5\u300d\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">\u985e\u4f3c\u4f1a\u793e\u6bd4\u8f03\u6cd5\uff08\u30de\u30eb\u30c1\u30d7\u30eb\u6cd5\uff09\uff1a\u76f8\u5bfe\u7684\u306a\u4fa1\u5024\u3092\u8a55\u4fa1<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">\u985e\u4f3c\u4f1a\u793e\u6bd4\u8f03\u6cd5\u306f\u3001\u8a55\u4fa1\u5bfe\u8c61\u4f01\u696d\u3068\u4e8b\u696d\u5185\u5bb9\u3084\u898f\u6a21\u3001\u30ea\u30b9\u30af\u306a\u3069\u304c\u985e\u4f3c\u3059\u308b\u4e0a\u5834\u4f01\u696d\u3092\u8907\u6570\u9078\u5b9a\u3057\u3001\u305d\u308c\u3089\u306e\u4f01\u696d\u306e\u8ca1\u52d9\u6307\u6a19\u306b\u5bfe\u3059\u308b\u8a55\u4fa1\u500d\u7387\uff08\u30de\u30eb\u30c1\u30d7\u30eb\uff09\u3092\u7b97\u51fa\u3057\u3001\u8a55\u4fa1\u5bfe\u8c61\u4f01\u696d\u306e\u8ca1\u52d9\u6307\u6a19\u306b\u4e57\u3058\u308b\u3053\u3068\u3067\u4f01\u696d\u4fa1\u5024\u3092\u8a55\u4fa1\u3059\u308b\u65b9\u6cd5\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u7279\u306b<strong>EV\/EBITDA\u500d\u7387<\/strong>\u306f\u3001\u56fd\u3084\u4f1a\u8a08\u57fa\u6e96\u306e\u9055\u3044\u3001\u6e1b\u4fa1\u511f\u5374\u65b9\u6cd5\u306e\u5f71\u97ff\u3092\u53d7\u3051\u306b\u304f\u3044\u305f\u3081\u3001\u56fd\u969b\u7684\u306a\u4f01\u696d\u6bd4\u8f03\u3067\u983b\u7e41\u306b\u7528\u3044\u3089\u308c\u307e\u3059\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table\"><div class=\"table-scroll\"><table><tbody><tr><td><strong>\u8a08\u7b97\u30b9\u30c6\u30c3\u30d7<\/strong><\/td><td>\u30fb\u8a55\u4fa1\u5bfe\u8c61\u4f01\u696d\u3068\u985e\u4f3c\u3059\u308b\u4e0a\u5834\u4f01\u696d\u3092\u8907\u6570\u793e\u9078\u5b9a\u3059\u308b\u3002<br>\u30fb\u9078\u5b9a\u3057\u305f\u985e\u4f3c\u4f01\u696d\u306eEV\u3084EBITDA\u306a\u3069\u306e\u8ca1\u52d9\u30c7\u30fc\u30bf\u3092\u53d6\u5f97\u3059\u308b\u3002<br>\u30fb\u5404\u985e\u4f3c\u4f01\u696d\u306e\u8a55\u4fa1\u500d\u7387\uff08\u4f8b\uff1aEV\/EBITDA\u500d\u7387\uff09\u3092\u8a08\u7b97\u3057\u3001\u305d\u306e\u5e73\u5747\u5024\u3084\u4e2d\u592e\u5024\u3092\u7b97\u51fa\u3059\u308b\u3002<br>\u30fb\u8a55\u4fa1\u5bfe\u8c61\u4f01\u696d\u306eEBITDA\u306b\u3001\u7b97\u51fa\u3057\u305f\u8a55\u4fa1\u500d\u7387\u3092\u4e57\u3058\u3066EV\u3092\u7b97\u51fa\u3059\u308b\u3002<\/td><\/tr><tr><td><strong>\u5177\u4f53\u7684\u8a08\u7b97\u4f8b<\/strong><\/td><td>\u30fb\u8a55\u4fa1\u5bfe\u8c61\u4f01\u696d\uff08E\u793e\uff09\u306eEBITDA\uff1a2\u5104\u5186<br>\u30fb\u985e\u4f3c\u4e0a\u5834\u4f01\u696d3\u793e\u306eEV\/EBITDA\u500d\u7387\uff1a8.0\u500d, 8.5\u500d, 9.5\u500d<br>\u30fb\u985e\u4f3c\u4f01\u696d\u306e\u5e73\u5747EV\/EBITDA\u500d\u7387\uff1a(8.0 + 8.5 + 9.5) \u00f7 3 = 8.67\u500d<br><strong>EV = E\u793e\u306eEBITDA \u00d7 \u5e73\u5747EV\/EBITDA\u500d\u7387<\/strong><br><strong>EV = 2\u5104\u5186 \u00d7 8.67\u500d = 17.34\u5104\u5186<\/strong><\/td><\/tr><tr><td><strong>\u30e1\u30ea\u30c3\u30c8<\/strong><\/td><td>\u5e02\u5834\u306e\u8a55\u4fa1\u304c\u53cd\u6620\u3055\u308c\u308b\u305f\u3081\u5ba2\u89b3\u6027\u304c\u9ad8\u3044\u3002\u6bd4\u8f03\u7684\u77ed\u6642\u9593\u3067\u8a55\u4fa1\u3067\u304d\u308b\u3002<\/td><\/tr><tr><td><strong>\u30c7\u30e1\u30ea\u30c3\u30c8<\/strong><\/td><td>\u5b8c\u5168\u306b\u4e00\u81f4\u3059\u308b\u985e\u4f3c\u4f01\u696d\u3092\u898b\u3064\u3051\u308b\u3053\u3068\u306f\u56f0\u96e3\u3002\u5e02\u5834\u306e\u904e\u71b1\u611f\u3084\u60b2\u89b3\u8ad6\u306a\u3069\u3001\u4e00\u6642\u7684\u306a\u5e02\u5834\u306e\u30e0\u30fc\u30c9\u306b\u8a55\u4fa1\u304c\u5de6\u53f3\u3055\u308c\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u3002<\/td><\/tr><\/tbody><\/table><\/div><\/figure>\n\n\n\n<h4 class=\"wp-block-heading\">\u5e02\u5834\u682a\u4fa1\u6cd5\uff1a\u4e0a\u5834\u4f01\u696d\u306e\u8a55\u4fa1\u306b\u9069\u7528<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">\u5e02\u5834\u682a\u4fa1\u6cd5\u306f\u3001\u8a55\u4fa1\u5bfe\u8c61\u4f01\u696d\u304c\u4e0a\u5834\u3057\u3066\u3044\u308b\u5834\u5408\u306b\u3001\u305d\u306e\u5e02\u5834\u682a\u4fa1\u3092\u76f4\u63a5\u7684\u306b\u682a\u5f0f\u4fa1\u5024\u306e\u57fa\u6e96\u3068\u3059\u308b\u65b9\u6cd5\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u5e02\u5834\u3067\u65e5\u3005\u5f62\u6210\u3055\u308c\u308b\u682a\u4fa1\u306f\u3001\u591a\u304f\u306e\u6295\u8cc7\u5bb6\u306e\u671f\u5f85\u3084\u60c5\u5831\u304c\u7e54\u308a\u8fbc\u307e\u308c\u305f\u5ba2\u89b3\u7684\u306a\u6307\u6a19\u3067\u3042\u308b\u3068\u3044\u3046\u8003\u3048\u306b\u57fa\u3065\u3044\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table\"><div class=\"table-scroll\"><table><tbody><tr><td><strong>\u8a08\u7b97\u30b9\u30c6\u30c3\u30d7<\/strong><\/td><td>\u30fb\u8a55\u4fa1\u57fa\u6e96\u65e5\u3092\u6c7a\u5b9a\u3059\u308b\uff08\u4f8b\uff1a\u76f4\u8fd1\u306e\u7d42\u5024\u3001\u904e\u53bb1\u30f6\u6708\u306e\u5e73\u5747\u682a\u4fa1\u306a\u3069\uff09\u3002<br>\u30fb\u57fa\u6e96\u65e5\u306e\u682a\u4fa1\u306b\u767a\u884c\u6e08\u682a\u5f0f\u6570\u3092\u4e57\u3058\u3066\u3001\u682a\u5f0f\u6642\u4fa1\u7dcf\u984d\u3092\u7b97\u51fa\u3059\u308b\u3002<br><strong>\u682a\u5f0f\u4fa1\u5024\uff08\u6642\u4fa1\u7dcf\u984d\uff09 \uff1d \u682a\u4fa1 \u00d7 \u767a\u884c\u6e08\u682a\u5f0f\u6570<\/strong><\/td><\/tr><tr><td><strong>\u30e1\u30ea\u30c3\u30c8<\/strong><\/td><td>\u5ba2\u89b3\u6027\u304c\u975e\u5e38\u306b\u9ad8\u304f\u3001\u8a08\u7b97\u304c\u3082\u3063\u3068\u3082\u5bb9\u6613\u3002<\/td><\/tr><tr><td><strong>\u30c7\u30e1\u30ea\u30c3\u30c8<\/strong><\/td><td>\u682a\u5f0f\u304c\u516c\u958b\u3055\u308c\u3066\u3044\u308b\u4e0a\u5834\u4f01\u696d\u306b\u3057\u304b\u9069\u7528\u3067\u304d\u306a\u3044\u3002\u975e\u6d41\u52d5\u7684\u306a\u9298\u67c4\u3084\u3001\u6295\u6a5f\u7684\u306a\u52d5\u304d\u306b\u3088\u3063\u3066\u682a\u4fa1\u304c\u4e71\u9ad8\u4e0b\u3057\u3066\u3044\u308b\u5834\u5408\u306f\u3001\u5fc5\u305a\u3057\u3082\u4f01\u696d\u306e\u5b9f\u614b\u4fa1\u5024\u3092\u53cd\u6620\u3057\u3066\u3044\u308b\u3068\u306f\u9650\u3089\u306a\u3044\u3002<\/td><\/tr><\/tbody><\/table><\/div><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">\u4f01\u696d\u4fa1\u5024\u3092\u9ad8\u3081\u308b\u6226\u7565\u3068\u6ce8\u610f\u70b9<\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/paradigm-shift.co.jp\/media\/wp-content\/uploads\/2021\/06\/3ca2c9efd3ff19d7f518bc1d3dcfbf88-1024x576.png\" alt=\"\" class=\"wp-image-8947\" srcset=\"https:\/\/paradigm-shift.co.jp\/media\/wp-content\/uploads\/2021\/06\/3ca2c9efd3ff19d7f518bc1d3dcfbf88-1024x576.png 1024w, https:\/\/paradigm-shift.co.jp\/media\/wp-content\/uploads\/2021\/06\/3ca2c9efd3ff19d7f518bc1d3dcfbf88-300x169.png 300w, https:\/\/paradigm-shift.co.jp\/media\/wp-content\/uploads\/2021\/06\/3ca2c9efd3ff19d7f518bc1d3dcfbf88-768x432.png 768w, https:\/\/paradigm-shift.co.jp\/media\/wp-content\/uploads\/2021\/06\/3ca2c9efd3ff19d7f518bc1d3dcfbf88-485x273.png 485w, https:\/\/paradigm-shift.co.jp\/media\/wp-content\/uploads\/2021\/06\/3ca2c9efd3ff19d7f518bc1d3dcfbf88.png 1536w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f01\u696d\u4fa1\u5024\u3092\u9ad8\u3081\u308b\u3053\u3068\u306f\u3001\u682a\u4e3b\u3084\u5f93\u696d\u54e1\u3001\u53d6\u5f15\u5148\u306a\u3069\u3001\u5404\u30b9\u30c6\u30fc\u30af\u30db\u30eb\u30c0\u30fc\u306e\u5229\u76ca\u306b\u3064\u306a\u304c\u308a\u3001\u4f01\u696d\u306e\u6301\u7d9a\u7684\u306a\u6210\u9577\u3092\u5b9f\u73fe\u3059\u308b\u4e0a\u3067\u91cd\u8981\u306a\u76ee\u6a19\u3068\u3044\u3048\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f01\u696d\u4fa1\u5024\u306e\u5411\u4e0a\u306f\u3001\u4e00\u671d\u4e00\u5915\u3067\u6210\u3057\u9042\u3052\u3089\u308c\u308b\u3082\u306e\u3067\u306f\u306a\u304f\u3001\u53ce\u76ca\u529b\u306e\u5f37\u5316\u3001\u8ca1\u52d9\u4f53\u8cea\u306e\u6539\u5584\u3001\u305d\u3057\u3066\u672a\u6765\u3078\u306e\u6295\u8cc7\u3068\u3044\u30463\u3064\u306e\u5074\u9762\u304b\u3089\u3001\u7d99\u7d9a\u7684\u306b\u53d6\u308a\u7d44\u3080\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3053\u306e\u30bb\u30af\u30b7\u30e7\u30f3\u3067\u306f\u3001\u4f01\u696d\u4fa1\u5024\u3092\u9ad8\u3081\u308b\u305f\u3081\u306e\u5177\u4f53\u7684\u306a\u6226\u7565\u3092\u89e3\u8aac\u3059\u308b\u3068\u3068\u3082\u306b\u3001\u8a55\u4fa1\u3092\u884c\u3046\u4e0a\u3067\u306e\u9650\u754c\u3084\u6ce8\u610f\u70b9\u306b\u3082\u89e6\u308c\u3066\u3044\u304d\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u53ce\u76ca\u529b\u30fb\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306e\u6700\u5927\u5316<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f01\u696d\u4fa1\u5024\u306e\u6e90\u6cc9\u306f\u3001\u4e8b\u696d\u6d3b\u52d5\u304c\u751f\u307f\u51fa\u3059\u30d5\u30ea\u30fc\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\uff08FCF\uff09\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3057\u305f\u304c\u3063\u3066\u3001\u4f01\u696d\u4fa1\u5024\u3092\u9ad8\u3081\u308b\u3082\u3063\u3068\u3082\u76f4\u63a5\u7684\u306a\u65b9\u6cd5\u306f\u3001\u3053\u306eFCF\u3092\u6700\u5927\u5316\u3059\u308b\u3053\u3068\u306b\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">FCF\u3092\u5897\u3084\u3059\u305f\u3081\u306e\u6226\u7565\u306f\u3001\u5927\u304d\u304f3\u3064\u306b\u5206\u985e\u3067\u304d\u307e\u3059\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table\"><div class=\"table-scroll\"><table><tbody><tr><td><strong>\u58f2\u4e0a\u306e\u5411\u4e0a<\/strong><\/td><td>\u65b0\u898f\u9867\u5ba2\u306e\u958b\u62d3\u3001\u9867\u5ba2\u5358\u4fa1\u306e\u4e0a\u6607\u3001\u65b0\u88fd\u54c1\u30fb\u30b5\u30fc\u30d3\u30b9\u306e\u958b\u767a\u306a\u3069\u3092\u901a\u3058\u3066\u3001\u30c8\u30c3\u30d7\u30e9\u30a4\u30f3\u3092\u6210\u9577\u3055\u305b\u307e\u3059\u3002<\/td><\/tr><tr><td><strong>\u30b3\u30b9\u30c8\u306e\u524a\u6e1b<\/strong><\/td><td>\u88fd\u9020\u539f\u4fa1\u306e\u4f4e\u6e1b\u3001\u8ca9\u58f2\u7ba1\u7406\u8cbb\u306e\u52b9\u7387\u5316\u3001\u696d\u52d9\u30d7\u30ed\u30bb\u30b9\u306e\u898b\u76f4\u3057\u306a\u3069\u3092\u901a\u3058\u3066\u3001\u5229\u76ca\u7387\u3092\u6539\u5584\u3057\u307e\u3059\u3002<\/td><\/tr><tr><td><strong>\u904b\u8ee2\u8cc7\u672c\u306e\u52b9\u7387\u5316<\/strong><\/td><td>\u58f2\u4e0a\u50b5\u6a29\u306e\u56de\u53ce\u671f\u9593\u77ed\u7e2e\u3001\u68da\u5378\u8cc7\u7523\u306e\u5727\u7e2e\u3001\u4ed5\u5165\u50b5\u52d9\u306e\u652f\u6255\u671f\u9593\u306e\u9069\u6b63\u5316\u306a\u3069\u3092\u901a\u3058\u3066\u3001\u4e8b\u696d\u306b\u6295\u4e0b\u3059\u308b\u8cc7\u91d1\u3092\u6700\u5c0f\u9650\u306b\u6291\u3048\u3001\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u3092\u6539\u5584\u3057\u307e\u3059\u3002<\/td><\/tr><\/tbody><\/table><\/div><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\u3053\u308c\u3089\u306e\u65bd\u7b56\u306f\u3001\u4f01\u696d\u306e\u640d\u76ca\u8a08\u7b97\u66f8\uff08P\/L\uff09\u3068\u8cb8\u501f\u5bfe\u7167\u8868\uff08B\/S\uff09\u306e\u4e21\u9762\u304b\u3089\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u5275\u51fa\u80fd\u529b\u3092\u9ad8\u3081\u308b\u4e0a\u3067\u4e0d\u53ef\u6b20\u3067\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u8ca1\u52d9\u4f53\u8cea\u306e\u6539\u5584\u3068\u30ea\u30b9\u30af\u7ba1\u7406<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u5065\u5168\u306a\u8ca1\u52d9\u4f53\u8cea\u306f\u3001\u4f01\u696d\u4fa1\u5024\u306e\u5b89\u5b9a\u3068\u5411\u4e0a\u306b\u4e0d\u53ef\u6b20\u306a\u571f\u53f0\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u904e\u5270\u306a\u6709\u5229\u5b50\u8ca0\u50b5\u306f\u3001\u91d1\u5229\u4e0a\u6607\u6642\u306e\u5229\u6255\u3044\u8ca0\u62c5\u5897\u3084\u3001\u666f\u6c17\u5f8c\u9000\u6642\u306e\u8cc7\u91d1\u7e70\u308a\u60aa\u5316\u30ea\u30b9\u30af\u3092\u9ad8\u3081\u3001\u4f01\u696d\u4fa1\u5024\u3092\u6bc0\u640d\u3059\u308b\u8981\u56e0\u3068\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8ca1\u52d9\u4f53\u8cea\u3092\u6539\u5584\u3059\u308b\u305f\u3081\u306e\u5177\u4f53\u7684\u306a\u30a2\u30d7\u30ed\u30fc\u30c1\u306f\u4ee5\u4e0b\u306e\u901a\u308a\u3067\u3059\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table\"><div class=\"table-scroll\"><table><tbody><tr><td><strong>\u8cc7\u672c\u69cb\u6210\u306e\u6700\u9069\u5316<\/strong><\/td><td>\u8ca0\u50b5\u3068\u81ea\u5df1\u8cc7\u672c\u306e\u30d0\u30e9\u30f3\u30b9\u3092\u6700\u9069\u5316\u3057\u3001\u5272\u5f15\u7387\uff08WACC\uff09\u3092\u6700\u5c0f\u5316\u3059\u308b\u3053\u3068\u3067\u3001\u4f01\u696d\u4fa1\u5024\u3092\u6700\u5927\u5316\u3057\u307e\u3059\u3002<\/td><\/tr><tr><td><strong>\u8ca0\u50b5\u306e\u5727\u7e2e<\/strong><\/td><td>\u4e8b\u696d\u3067\u5f97\u305f\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u3092\u6d3b\u7528\u3057\u3066\u6709\u5229\u5b50\u8ca0\u50b5\u3092\u8fd4\u6e08\u3057\u3001\u8ca1\u52d9\u306e\u5b89\u5168\u6027\u3092\u9ad8\u3081\u307e\u3059\u3002<\/td><\/tr><tr><td><strong>\u30ac\u30d0\u30ca\u30f3\u30b9\u5f37\u5316\u3068\u5185\u90e8\u7d71\u5236<\/strong><\/td><td>\u900f\u660e\u6027\u306e\u9ad8\u3044\u7d4c\u55b6\u4f53\u5236\u3092\u69cb\u7bc9\u3057\u3001\u30b3\u30f3\u30d7\u30e9\u30a4\u30a2\u30f3\u30b9\u3092\u5fb9\u5e95\u3059\u308b\u3053\u3068\u3067\u3001\u7d4c\u55b6\u30ea\u30b9\u30af\u3092\u4f4e\u6e1b\u3057\u3001\u5e02\u5834\u304b\u3089\u306e\u4fe1\u983c\u3092\u7372\u5f97\u3057\u307e\u3059\u3002<\/td><\/tr><\/tbody><\/table><\/div><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\u3053\u308c\u3089\u306e\u53d6\u308a\u7d44\u307f\u306f\u3001\u4f01\u696d\u306e\u4fe1\u7528\u529b\u3092\u9ad8\u3081\u3001\u7d50\u679c\u3068\u3057\u3066\u91d1\u878d\u6a5f\u95a2\u304b\u3089\u306e\u878d\u8cc7\u304c\u53d7\u3051\u3084\u3059\u304f\u306a\u308b\u3068\u3044\u3046\u30e1\u30ea\u30c3\u30c8\u306b\u3082\u3064\u306a\u304c\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u6210\u9577\u6226\u7565\u3068\u30a4\u30ce\u30d9\u30fc\u30b7\u30e7\u30f3\u3078\u306e\u6295\u8cc7<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u77ed\u671f\u7684\u306a\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306e\u6700\u5927\u5316\u3060\u3051\u3067\u306a\u304f\u3001\u9577\u671f\u7684\u306a\u6210\u9577\u3078\u306e\u6295\u8cc7\u3082\u4f01\u696d\u4fa1\u5024\u3092\u9ad8\u3081\u308b\u4e0a\u3067\u6975\u3081\u3066\u91cd\u8981\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u5c06\u6765\u306e\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u3092\u5927\u304d\u304f\u5897\u52a0\u3055\u305b\u308b\u53ef\u80fd\u6027\u306e\u3042\u308b\u6226\u7565\u7684\u6295\u8cc7\u306f\u3001\u73fe\u5728\u306e\u4f01\u696d\u4fa1\u5024\u3092\u98db\u8e8d\u7684\u306b\u5411\u4e0a\u3055\u305b\u307e\u3059\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table\"><div class=\"table-scroll\"><table><tbody><tr><td><strong>R&amp;D\uff08\u7814\u7a76\u958b\u767a\uff09\u6295\u8cc7<\/strong><\/td><td>\u9769\u65b0\u7684\u306a\u6280\u8853\u3084\u88fd\u54c1\u3092\u958b\u767a\u3057\u3001\u5c06\u6765\u306e\u7af6\u4e89\u512a\u4f4d\u6027\u3092\u78ba\u7acb\u3057\u307e\u3059\u3002<\/td><\/tr><tr><td><strong>\u65b0\u898f\u4e8b\u696d\u958b\u767a<\/strong><\/td><td>\u65e2\u5b58\u4e8b\u696d\u306e\u5468\u8fba\u9818\u57df\u3084\u3001\u307e\u3063\u305f\u304f\u65b0\u3057\u3044\u5e02\u5834\u3078\u306e\u9032\u51fa\u3092\u56f3\u308a\u3001\u65b0\u305f\u306a\u53ce\u76ca\u306e\u67f1\u3092\u80b2\u3066\u307e\u3059\u3002<\/td><\/tr><tr><td><strong>\u30d6\u30e9\u30f3\u30c9\u4fa1\u5024\u5411\u4e0a<\/strong><\/td><td>\u30de\u30fc\u30b1\u30c6\u30a3\u30f3\u30b0\u3084\u5e83\u544a\u5ba3\u4f1d\u6d3b\u52d5\u3092\u901a\u3058\u3066\u3001\u4f01\u696d\u306e\u30d6\u30e9\u30f3\u30c9\u8a8d\u77e5\u5ea6\u3084\u30ed\u30a4\u30e4\u30eb\u30c6\u30a3\u3092\u9ad8\u3081\u3001\u4fa1\u683c\u7af6\u4e89\u529b\u3092\u5f37\u5316\u3057\u307e\u3059\u3002<\/td><\/tr><tr><td><strong>M&amp;A\u306b\u3088\u308b\u6210\u9577<\/strong><\/td><td>\u4ed6\u793e\u3092\u8cb7\u53ce\u3059\u308b\u3053\u3068\u3067\u3001\u4e8b\u696d\u898f\u6a21\u306e\u62e1\u5927\u3001\u65b0\u898f\u5e02\u5834\u3078\u306e\u53c2\u5165\u3001\u65b0\u6280\u8853\u306e\u7372\u5f97\u306a\u3069\u3092\u77ed\u671f\u9593\u3067\u5b9f\u73fe\u3057\u307e\u3059\u3002<\/td><\/tr><\/tbody><\/table><\/div><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\u3053\u308c\u3089\u306e\u6210\u9577\u6226\u7565\u306f\u3001DCF\u6cd5\u306b\u304a\u3051\u308b\u5c06\u6765\u306e\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u4e88\u6e2c\u3084\u6c38\u4e45\u6210\u9577\u7387\u3092\u62bc\u3057\u4e0a\u3052\u308b\u76f4\u63a5\u7684\u306a\u8981\u56e0\u3068\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u4f01\u696d\u4fa1\u5024\u8a55\u4fa1\u306e\u9650\u754c\u3068\u6ce8\u610f\u3059\u3079\u304d\u70b9<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f01\u696d\u4fa1\u5024\u8a55\u4fa1\u306f\u5f37\u529b\u306a\u30c4\u30fc\u30eb\u3067\u3059\u304c\u3001\u305d\u306e\u9650\u754c\u3092\u7406\u89e3\u3057\u3066\u304a\u304f\u3053\u3068\u3082\u91cd\u8981\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4e07\u80fd\u306a\u8a55\u4fa1\u65b9\u6cd5\u306f\u5b58\u5728\u305b\u305a\u3001\u3044\u304f\u3064\u304b\u306e\u6ce8\u610f\u3059\u3079\u304d\u70b9\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table\"><div class=\"table-scroll\"><table><tbody><tr><td><strong>\u524d\u63d0\u6761\u4ef6\u3078\u306e\u4f9d\u5b58<\/strong><\/td><td>\u7279\u306bDCF\u6cd5\u306f\u3001\u4e8b\u696d\u8a08\u753b\u306e\u58f2\u4e0a\u6210\u9577\u7387\u3084\u5229\u76ca\u7387\u3001\u5272\u5f15\u7387\u3068\u3044\u3063\u305f\u5c06\u6765\u4e88\u6e2c\u306b\u5927\u304d\u304f\u4f9d\u5b58\u3057\u307e\u3059\u3002\u3053\u308c\u3089\u306e\u524d\u63d0\u304c\u5c11\u3057\u5909\u308f\u308b\u3060\u3051\u3067\u3001\u8a55\u4fa1\u984d\u306f\u5927\u304d\u304f\u5909\u52d5\u3057\u307e\u3059\u3002<\/td><\/tr><tr><td><strong>\u975e\u8ca1\u52d9\u4fa1\u5024\u306e\u8a55\u4fa1\u306e\u56f0\u96e3\u6027<\/strong><\/td><td>\u4f01\u696d\u306e\u30d6\u30e9\u30f3\u30c9\u529b\u3001\u6280\u8853\u30ce\u30a6\u30cf\u30a6\u3001\u512a\u308c\u305f\u7d44\u7e54\u6587\u5316\u3001\u9867\u5ba2\u3068\u306e\u5f37\u56fa\u306a\u95a2\u4fc2\u6027\u3068\u3044\u3063\u305f\u7121\u5f62\u8cc7\u7523\u306f\u3001\u5b9a\u91cf\u7684\u306b\u8a55\u4fa1\u3059\u308b\u3053\u3068\u304c\u96e3\u3057\u304f\u3001\u8ca1\u52d9\u8af8\u8868\u30d9\u30fc\u30b9\u306e\u8a55\u4fa1\u3067\u306f\u898b\u904e\u3054\u3055\u308c\u304c\u3061\u3067\u3059\u3002<\/td><\/tr><tr><td><strong>\u8a55\u4fa1\u8005\u306e\u4e3b\u89b3<\/strong><\/td><td>\u985e\u4f3c\u4f01\u696d\u306e\u9078\u5b9a\u3084\u3001\u5404\u7a2e\u30d1\u30e9\u30e1\u30fc\u30bf\u306e\u8a2d\u5b9a\u306b\u306f\u3001\u8a55\u4fa1\u8005\u306e\u4e3b\u89b3\u304c\u4ecb\u5728\u3059\u308b\u4f59\u5730\u304c\u3042\u308a\u307e\u3059\u3002\u305d\u306e\u305f\u3081\u3001\u540c\u3058\u4f01\u696d\u3092\u8a55\u4fa1\u3057\u3066\u3082\u3001\u8a55\u4fa1\u8005\u306b\u3088\u3063\u3066\u7d50\u679c\u304c\u7570\u306a\u308b\u3053\u3068\u304c\u3042\u308a\u307e\u3059\u3002<\/td><\/tr><tr><td><strong>\u56fd\u969b\u7684\u306a\u8996\u70b9\u306e\u6b20\u5982<\/strong><\/td><td>\u4f01\u696d\u4fa1\u5024\u306e\u8a55\u4fa1\u624b\u6cd5\u3084\u91cd\u8996\u3055\u308c\u308b\u6307\u6a19\u306f\u3001\u56fd\u3084\u5730\u57df\u306b\u3088\u3063\u3066\u7570\u306a\u308a\u307e\u3059\u3002\u4f8b\u3048\u3070\u3001\u7c73\u56fd\u3067\u306fDCF\u6cd5\u304c\u5e83\u304f\u7528\u3044\u3089\u308c\u308b\u4e00\u65b9\u3001\u65e5\u672c\u3067\u306f\u4e2d\u5c0f\u4f01\u696d\u306eM&amp;A\u3067\u6642\u4fa1\u7d14\u8cc7\u7523\u6cd5\u304c\u91cd\u8996\u3055\u308c\u308b\u50be\u5411\u3082\u4f9d\u7136\u3068\u3057\u3066\u6b8b\u3063\u3066\u3044\u307e\u3059\u3002\u307e\u305f\u3001\u4f1a\u8a08\u57fa\u6e96\uff08IFRS\u3068\u65e5\u672c\u57fa\u6e96\u3067\u306e\u300c\u306e\u308c\u3093\u300d\u306e\u6271\u3044\u306e\u9055\u3044\u306a\u3069\uff09\u3001\u7a0e\u5236\u3001\u5e02\u5834\u30ea\u30b9\u30af\u30d7\u30ec\u30df\u30a2\u30e0\u3082\u5404\u56fd\u3067\u7570\u306a\u308b\u305f\u3081\u3001\u3053\u308c\u3089\u306e\u80cc\u666f\u3092\u7406\u89e3\u305b\u305a\u306b\u6d77\u5916\u4f01\u696d\u3068\u5358\u7d14\u6bd4\u8f03\u3059\u308b\u3068\u3001\u8a55\u4fa1\u3092\u8aa4\u308b\u30ea\u30b9\u30af\u304c\u3042\u308a\u307e\u3059\u3002<\/td><\/tr><\/tbody><\/table><\/div><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\u3053\u308c\u3089\u306e\u9650\u754c\u3092\u8e0f\u307e\u3048\u3001\u5358\u4e00\u306e\u8a55\u4fa1\u65b9\u6cd5\u306b\u56fa\u57f7\u3059\u308b\u306e\u3067\u306f\u306a\u304f\u3001\u8907\u6570\u306e\u30a2\u30d7\u30ed\u30fc\u30c1\u3092\u7d44\u307f\u5408\u308f\u305b\u3066\u591a\u89d2\u7684\u306a\u8996\u70b9\u304b\u3089\u4f01\u696d\u4fa1\u5024\u3092\u5206\u6790\u3059\u308b\u3053\u3068\u304c\u3001\u3088\u308a\u7cbe\u5ea6\u306e\u9ad8\u3044\u5224\u65ad\u306b\u3064\u306a\u304c\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u5c02\u9580\u5bb6\uff08\u516c\u8a8d\u4f1a\u8a08\u58eb\u3001M&amp;A\u30a2\u30c9\u30d0\u30a4\u30b6\u30fc\uff09\u306e\u6d3b\u7528<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u6b63\u78ba\u304b\u3064\u5ba2\u89b3\u7684\u306a\u4f01\u696d\u4fa1\u5024\u8a55\u4fa1\u3092\u884c\u3046\u306b\u306f\u3001\u9ad8\u5ea6\u306a\u5c02\u9580\u77e5\u8b58\u3068\u7d4c\u9a13\u304c\u6c42\u3081\u3089\u308c\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u7279\u306b\u3001M&amp;A\u3084\u4e8b\u696d\u627f\u7d99\u3001\u8cc7\u91d1\u8abf\u9054\u3068\u3044\u3063\u305f\u91cd\u8981\u306a\u5c40\u9762\u306b\u304a\u3044\u3066\u306f\u3001\u5916\u90e8\u306e\u5c02\u9580\u5bb6\u3092\u6d3b\u7528\u3059\u308b\u3053\u3068\u304c\u8ce2\u660e\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u516c\u8a8d\u4f1a\u8a08\u58eb\u3084\u7a0e\u7406\u58eb\u3001M&amp;A\u30a2\u30c9\u30d0\u30a4\u30b6\u30fc\u306f\u3001\u4ee5\u4e0b\u306e\u3088\u3046\u306a\u30b5\u30dd\u30fc\u30c8\u3092\u63d0\u4f9b\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u5ba2\u89b3\u7684\u306a\u4fa1\u5024\u7b97\u5b9a<\/strong><\/li>\n\n\n\n<li><strong>\u30c7\u30e5\u30fc\u30c7\u30ea\u30b8\u30a7\u30f3\u30b9\u306e\u5b9f\u65bd<\/strong><\/li>\n\n\n\n<li><strong>\u4ea4\u6e09\u306e\u30b5\u30dd\u30fc\u30c8<\/strong><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">IT\u9818\u57df\u306b\u7279\u5316\u3057\u305fM&amp;A\u30a2\u30c9\u30d0\u30a4\u30b6\u30ea\u30fc\u30d5\u30a1\u30fc\u30e0\u3067\u3042\u308b<a href=\"https:\/\/paradigm-shift.co.jp\/\" target=\"_blank\" rel=\"noopener\">\u682a\u5f0f\u4f1a\u793e\u30d1\u30e9\u30c0\u30a4\u30e0\u30b7\u30d5\u30c8<\/a>\u3067\u306f\u3001\u5b9f\u52d9\u7d4c\u9a13\u8c4a\u5bcc\u306a\u30c1\u30fc\u30e0\u304c\u300c\u682a\u4fa1\u7b97\u5b9a\u300d\u30b5\u30fc\u30d3\u30b9\u3092\u63d0\u4f9b\u3057\u3066\u304a\u308a\u3001DCF\u6cd5\u306a\u3069\u306e\u6a19\u6e96\u7684\u306a\u624b\u6cd5\u304b\u3089\u3001\u306e\u308c\u3093\u306e\u6e1b\u640d\u30c6\u30b9\u30c8\u307e\u3067\u5e45\u5e83\u304f\u5bfe\u5fdc\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u5c02\u9580\u5bb6\u306e\u529b\u3092\u501f\u308a\u308b\u3053\u3068\u3067\u3001\u8a55\u4fa1\u306e\u4fe1\u983c\u6027\u3092\u9ad8\u3081\u3001\u610f\u601d\u6c7a\u5b9a\u306e\u8cea\u3092\u5411\u4e0a\u3055\u305b\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4e8b\u4f8b\u3068\u3057\u3066\u3001<a href=\"https:\/\/paradigm-shift.co.jp\/\" target=\"_blank\" rel=\"noopener\">\u682a\u5f0f\u4f1a\u793e\u30d1\u30e9\u30c0\u30a4\u30e0\u30b7\u30d5\u30c8<\/a>\u304c\u4ef2\u4ecb\u3057\u305f\u682a\u5f0f\u4f1a\u793e\u30c6\u30aa\u30fc\u30ea\u30a2\u306e\u8b72\u6e21\u6848\u4ef6\u3067\u306f\u3001\u8b72\u6e21\u4f01\u696d\u306e\u30af\u30ea\u30a8\u30a4\u30c6\u30a3\u30d6\u5236\u4f5c\u529b\u3068\u3044\u3046\u4e8b\u696d\u4fa1\u5024\uff08EV\u306e\u6839\u5e79\uff09\u304c\u3001\u8b72\u53d7\u4f01\u696d\u306e\u30cb\u30fc\u30ba\u3068\u5408\u81f4\u3057\u3001\u53cc\u65b9\u306b\u3068\u3063\u3066\u6709\u76ca\u306aM&amp;A\u304c\u5b9f\u73fe\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/paradigm-shift.co.jp\/ma-report\/103\/detail\" target=\"_blank\" rel=\"noopener\">\u4e8b\u4f8b\u306e\u8a73\u7d30\u306f\u3053\u3061\u3089<\/a><\/p>\n\n\n\n<div class=\"wp-block-stk-plugin-voicecomment voice default width_full l icon_default\"><figure class=\"icon\"><img decoding=\"async\" class=\"voice_icon__img\" src=\"https:\/\/paradigm-shift.co.jp\/media\/wp-content\/uploads\/2022\/05\/favicon.jpeg\" width=\"100\" height=\"100\" alt=\"\"\/><figcaption class=\"avatar-name name\">\u30e1\u30c7\u30a3\u30a2\u7de8\u96c6\u90e8<\/figcaption><\/figure><div class=\"voicecomment\">\n<p class=\"wp-block-paragraph\">\u6559\u79d1\u66f8\u901a\u308a\u306bEV\u306e\u8a08\u7b97\u5f0f\u3092\u53e9\u304d\u8fbc\u3093\u3067\u3082\u3001\u5b9f\u969b\u306e\u8cb7\u53ce\u73fe\u5834\u3067\u306f\u307e\u305a\u5f79\u306b\u7acb\u3061\u307e\u305b\u3093\u3002\u4fa1\u5024\u3092\u6c7a\u3081\u308b\u306e\u306f\u8a08\u7b97\u30bd\u30d5\u30c8\u3067\u306f\u306a\u304f\u3001\u8cb7\u53ce\u5f8c\u306b\u305d\u306e\u4e8b\u696d\u304c\u3069\u308c\u3060\u3051\u30ad\u30e3\u30c3\u30b7\u30e5\u3092\u751f\u3080\u304b\u3068\u3044\u3046\u73fe\u5b9f\u3060\u304b\u3089\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u673a\u4e0a\u306e\u8a08\u7b97\u3067\u3069\u308c\u307b\u3069\u7dba\u9e97\u306a\u6570\u5024\u3092\u5f3e\u304d\u51fa\u3057\u3066\u3082\u3001\u4ea4\u6e09\u306e\u5834\u3067\u306f\u6570\u5b57\u306b\u51fa\u3066\u3053\u306a\u3044\u6280\u8853\u3084\u73fe\u5834\u306e\u4eba\u6750\u306e\u8cea\u3092\u5de1\u3063\u3066\u53cc\u65b9\u306e\u8a55\u4fa1\u304c\u6fc0\u3057\u304f\u5272\u308c\u307e\u3059\u3002\u7279\u306bIT\u9818\u57df\u306a\u3069\u306f\u5e33\u7c3f\u306b\u8868\u308c\u306a\u3044\u5f37\u307f\u3053\u305d\u304c\u8a55\u4fa1\u306e\u547d\u3067\u3059\u3002\u7d4c\u55b6\u8005\u304c\u3084\u308b\u3079\u304d\u306f\u3001\u6570\u5f0f\u3092\u5f04\u304f\u308a\u56de\u3059\u3053\u3068\u3067\u306f\u306a\u304f\u3001\u4e8b\u696d\u306e\u7a3c\u3050\u529b\u3068\u8b72\u6e21\u5f8c\u306e\u7d71\u5408\u3092\u898b\u636e\u3048\u305f\u6e96\u5099\u3092\u6574\u3048\u308b\u3053\u3068\u3067\u3059\u3002\u305d\u3053\u304c\u66d6\u6627\u306a\u307e\u307e\u3067\u306f\u3001\u3069\u3093\u306a\u8a55\u4fa1\u624b\u6cd5\u3092\u4f7f\u3063\u3066\u3082\u8cb7\u3044\u624b\u306b\u8db3\u5143\u3092\u898b\u3089\u308c\u3066\u7d42\u308f\u3063\u3066\u3057\u307e\u3044\u307e\u3059\u3002<\/p>\n<\/div><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">EV\uff08\u4f01\u696d\u4fa1\u5024\uff09\u306b\u95a2\u3057\u3066\u3088\u304f\u3042\u308b\u8cea\u554f\uff08FAQ\uff09<\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/paradigm-shift.co.jp\/media\/wp-content\/uploads\/2022\/12\/29632266_m-2-1024x683.jpg\" alt=\"\" class=\"wp-image-8853\" srcset=\"https:\/\/paradigm-shift.co.jp\/media\/wp-content\/uploads\/2022\/12\/29632266_m-2-1024x683.jpg 1024w, https:\/\/paradigm-shift.co.jp\/media\/wp-content\/uploads\/2022\/12\/29632266_m-2-300x200.jpg 300w, https:\/\/paradigm-shift.co.jp\/media\/wp-content\/uploads\/2022\/12\/29632266_m-2-768x512.jpg 768w, https:\/\/paradigm-shift.co.jp\/media\/wp-content\/uploads\/2022\/12\/29632266_m-2-1536x1024.jpg 1536w, https:\/\/paradigm-shift.co.jp\/media\/wp-content\/uploads\/2022\/12\/29632266_m-2-485x323.jpg 485w, https:\/\/paradigm-shift.co.jp\/media\/wp-content\/uploads\/2022\/12\/29632266_m-2.jpg 1920w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">EV\uff08\u4f01\u696d\u4fa1\u5024\uff09\u306b\u95a2\u3057\u3066\u3001\u8aad\u8005\u304c\u62b1\u304d\u3084\u3059\u3044\u7591\u554f\u3092Q&amp;A\u5f62\u5f0f\u3067\u307e\u3068\u3081\u307e\u3057\u305f\u3002\u7c21\u6f54\u3067\u5206\u304b\u308a\u3084\u3059\u3044\u56de\u7b54\u3092\u901a\u3057\u3066\u3001\u3055\u3089\u306b\u7406\u89e3\u3092\u6df1\u3081\u307e\u3057\u3087\u3046\u3002<\/p>\n\n\n\n<div class=\"wp-block-aioseo-faq\" data-schema-only=\"false\"><h3 class=\"aioseo-faq-block-question\">EV\u3068\u6642\u4fa1\u7dcf\u984d\u306e\u9055\u3044\u306f\uff1f<\/h3><div class=\"aioseo-faq-block-answer\">\n<p class=\"wp-block-paragraph\">EV\u3068\u6642\u4fa1\u7dcf\u984d\uff08\u682a\u5f0f\u4fa1\u5024\uff09\u306e<strong>\u3082\u3063\u3068\u3082\u91cd\u8981\u306a\u9055\u3044\u306f\u3001\u8a55\u4fa1\u306e\u5bfe\u8c61\u7bc4\u56f2<\/strong>\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u6642\u4fa1\u7dcf\u984d\u306f\u682a\u4e3b\u306b\u5e30\u5c5e\u3059\u308b\u4fa1\u5024\u306e\u307f\u3092\u793a\u3059\u306e\u306b\u5bfe\u3057\u3001EV\u306f\u682a\u4e3b\u4fa1\u5024\u306b\u52a0\u3048\u3066\u50b5\u6a29\u8005\u306e\u4fa1\u5024\uff08\u7d14\u6709\u5229\u5b50\u8ca0\u50b5\uff09\u3082\u542b\u3080\u3001\u4f01\u696d\u5168\u4f53\u306e\u4fa1\u5024\u3092\u793a\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">M&amp;A\u306e\u3088\u3046\u306b\u4f1a\u793e\u3092\u4e38\u3054\u3068\u53d6\u5f97\u3059\u308b\u5834\u9762\u3067\u306f\u3001\u8ca0\u50b5\u3082\u5f15\u304d\u7d99\u3050\u305f\u3081\u3001EV\u304c\u8cb7\u53ce\u4fa1\u683c\u306e\u57fa\u6e96\u3068\u306a\u308a\u307e\u3059\u3002<\/p>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-aioseo-faq\" data-schema-only=\"false\"><h3 class=\"aioseo-faq-block-question\">\u975e\u4e0a\u5834\u4f01\u696d\u306eEV\u8a55\u4fa1\u65b9\u6cd5\u306f\uff1f<\/h3><div class=\"aioseo-faq-block-answer\">\n<p class=\"wp-block-paragraph\">\u975e\u4e0a\u5834\u4f01\u696d\u306f\u5e02\u5834\u682a\u4fa1\u304c\u306a\u3044\u305f\u3081\u3001\u30de\u30fc\u30b1\u30c3\u30c8\u30fb\u30a2\u30d7\u30ed\u30fc\u30c1\u306e\u9069\u7528\u304c\u9650\u5b9a\u3055\u308c\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u305d\u306e\u305f\u3081\u3001\u975e\u4e0a\u5834\u4f01\u696d\u306eEV\u8a55\u4fa1\u3067\u306f\u3001<strong>DCF\u6cd5\u306a\u3069\u306e\u30a4\u30f3\u30ab\u30e0\u30fb\u30a2\u30d7\u30ed\u30fc\u30c1\u3084\u3001\u6642\u4fa1\u7d14\u8cc7\u7523\u6cd5\u306a\u3069\u306e\u30b3\u30b9\u30c8\u30fb\u30a2\u30d7\u30ed\u30fc\u30c1\u304c\u4e3b\u306b\u7528\u3044\u3089\u308c\u307e\u3059\u3002<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u7279\u306b\u5c06\u6765\u306e\u6210\u9577\u6027\u304c\u671f\u5f85\u3055\u308c\u308b\u5834\u5408\u306fDCF\u6cd5\u304c\u3001\u8cc7\u7523\u4fa1\u5024\u304c\u91cd\u8981\u306a\u4f01\u696d\u306e\u5834\u5408\u306f\u6642\u4fa1\u7d14\u8cc7\u7523\u6cd5\u304c\u9069\u3057\u3066\u3044\u308b\u306a\u3069\u3001\u4f01\u696d\u306e\u7279\u6027\u306b\u5fdc\u3058\u3066\u9069\u5207\u306a\u65b9\u6cd5\u3092\u9078\u629e\u3059\u308b\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002\u975e\u4e0a\u5834\u4f01\u696d\u306eEV\u7b97\u51fa\u65b9\u6cd5\u3067\u306f\u3001\u3053\u308c\u3089\u306e\u30a2\u30d7\u30ed\u30fc\u30c1\u3092\u7d44\u307f\u5408\u308f\u305b\u308b\u3053\u3068\u304c\u4e00\u822c\u7684\u3067\u3059\u3002<\/p>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-aioseo-faq\" data-schema-only=\"false\"><h3 class=\"aioseo-faq-block-question\">EV\u8a55\u4fa1\u3067\u3082\u3063\u3068\u3082\u91cd\u8996\u3055\u308c\u308b\u6307\u6a19\u306f\uff1f<\/h3><div class=\"aioseo-faq-block-answer\">\n<p class=\"wp-block-paragraph\">\u4e00\u6982\u306b\u300c\u3053\u306e\u6307\u6a19\u304c\u3082\u3063\u3068\u3082\u91cd\u8981\u300d\u3068\u306f\u8a00\u3048\u307e\u305b\u3093\u3002\u8a55\u4fa1\u306e\u76ee\u7684\u3084\u4f01\u696d\u306e\u6210\u9577\u30b9\u30c6\u30fc\u30b8\u306b\u3088\u3063\u3066\u91cd\u8996\u3055\u308c\u308b\u6307\u6a19\u306f\u7570\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f8b\u3048\u3070\u3001<strong>M&amp;A\u306e\u5b9f\u52d9\u3067\u306f\u3001\u4f01\u696d\u306e\u5c06\u6765\u306e\u53ce\u76ca\u529b\u3092\u53cd\u6620\u3067\u304d\u308bDCF\u6cd5\u304c\u7406\u8ad6\u7684\u306a\u652f\u67f1\u3068\u3057\u3066\u91cd\u8996<\/strong>\u3055\u308c\u308b\u3053\u3068\u304c\u591a\u3044\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4e00\u65b9\u3067\u3001<strong>\u985e\u4f3c\u4f01\u696d\u3068\u306e\u76f8\u5bfe\u7684\u306a\u682a\u4fa1\u6c34\u6e96\u3092\u6bd4\u8f03\u3059\u308b\u969b\u306b\u306f\u3001EV\/EBITDA\u500d\u7387\u304c\u5e83\u304f\u6d3b\u7528<\/strong>\u3055\u308c\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8907\u6570\u306e\u6307\u6a19\u3092\u7dcf\u5408\u7684\u306b\u898b\u3066\u5224\u65ad\u3059\u308b\u3053\u3068\u304c\u91cd\u8981\u3067\u3059\u3002<\/p>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-aioseo-faq\" data-schema-only=\"false\"><h3 class=\"aioseo-faq-block-question\">\u4f01\u696d\u4fa1\u5024\u3092\u9ad8\u3081\u308b\u306b\u306f\u5177\u4f53\u7684\u306b\u3069\u3046\u3059\u308c\u3070\u826f\u3044\uff1f<\/h3><div class=\"aioseo-faq-block-answer\">\n<p class=\"wp-block-paragraph\">\u4f01\u696d\u4fa1\u5024\u3092\u9ad8\u3081\u308b\u306b\u306f\u3001\u4ee5\u4e0b\u306e3\u3064\u306e\u30a2\u30d7\u30ed\u30fc\u30c1\u304c\u57fa\u672c\u3068\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u53ce\u76ca\u529b\u306e\u5411\u4e0a<\/strong>: \u4e8b\u696d\u6d3b\u52d5\u304b\u3089\u751f\u307f\u51fa\u3059\u30d5\u30ea\u30fc\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u3092\u5897\u3084\u3059\u3002<\/li>\n\n\n\n<li><strong>\u8ca1\u52d9\u4f53\u8cea\u306e\u6539\u5584<\/strong>: \u8cc7\u672c\u30b3\u30b9\u30c8\uff08WACC\uff09\u3092\u5f15\u304d\u4e0b\u3052\u308b\u3002<\/li>\n\n\n\n<li><strong>\u6210\u9577\u3078\u306e\u6295\u8cc7<\/strong>: \u5c06\u6765\u306e\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u6210\u9577\u671f\u5f85\u3092\u9ad8\u3081\u308b\u3002<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">\u5177\u4f53\u7684\u306b\u306f\u3001\u58f2\u4e0a\u5897\u52a0\u3001\u30b3\u30b9\u30c8\u524a\u6e1b\u3001\u8cc7\u7523\u52b9\u7387\u306e\u5411\u4e0a\u3001\u9069\u5207\u306a\u8ca0\u50b5\u7ba1\u7406\u3001\u5c06\u6765\u6027\u306e\u3042\u308b\u4e8b\u696d\u3078\u306e\u6295\u8cc7\u306a\u3069\u3092\u30d0\u30e9\u30f3\u30b9\u826f\u304f\u5b9f\u884c\u3057\u3066\u3044\u304f\u3053\u3068\u304c\u6c42\u3081\u3089\u308c\u307e\u3059\u3002<\/p>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-aioseo-faq\" data-schema-only=\"false\"><h3 class=\"aioseo-faq-block-question\">EV\u8a55\u4fa1\u306f\u8ab0\u304c\u884c\u3046\u3079\u304d\u304b\uff1f<\/h3><div class=\"aioseo-faq-block-answer\">\n<p class=\"wp-block-paragraph\">EV\u8a55\u4fa1\u306f\u3001<strong>\u4f01\u696d\u306e\u8ca1\u52d9\u62c5\u5f53\u8005\u3084\u7d4c\u55b6\u4f01\u753b\u90e8\u304c\u81ea\u793e\u306e\u7d4c\u55b6\u7ba1\u7406\u306e\u305f\u3081\u306b\u884c\u3046<\/strong>\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3057\u304b\u3057\u3001M&amp;A\u3001\u7b2c\u4e09\u8005\u5272\u5f53\u5897\u8cc7\u3001\u4e8b\u696d\u627f\u7d99\u306a\u3069\u3001<strong>\u7b2c\u4e09\u8005\u3078\u306e\u8aac\u660e\u8cac\u4efb\u3084\u5ba2\u89b3\u6027\u304c\u6c42\u3081\u3089\u308c\u308b\u5834\u9762\u3067\u306f\u3001\u516c\u8a8d\u4f1a\u8a08\u58eb\u3084M&amp;A\u30a2\u30c9\u30d0\u30a4\u30b6\u30ea\u30fc\u30d5\u30a1\u30fc\u30e0\u306a\u3069\u306e\u5916\u90e8\u5c02\u9580\u5bb6\u306b\u4f9d\u983c\u3059\u308b<\/strong>\u306e\u304c\u4e00\u822c\u7684\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u5c02\u9580\u5bb6\u306b\u3088\u308b\u8a55\u4fa1\u306f\u3001\u4ea4\u6e09\u306b\u304a\u3051\u308b\u8aac\u5f97\u529b\u3092\u9ad8\u3081\u308b\u52b9\u679c\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-aioseo-faq\" data-schema-only=\"false\"><h3 class=\"aioseo-faq-block-question\">\u30b9\u30bf\u30fc\u30c8\u30a2\u30c3\u30d7\u4f01\u696d\u306eEV\u8a55\u4fa1\u306b\u304a\u3051\u308b\u7279\u6b8a\u6027\u306f\uff1f<\/h3><div class=\"aioseo-faq-block-answer\">\n<p class=\"wp-block-paragraph\">\u30b9\u30bf\u30fc\u30c8\u30a2\u30c3\u30d7\u4f01\u696d\u306f\u3001\u8d64\u5b57\u30d5\u30a7\u30fc\u30ba\u3067\u3042\u308b\u3053\u3068\u304c\u591a\u304f\u3001\u904e\u53bb\u306e\u5b9f\u7e3e\u306b\u57fa\u3065\u304f\u8a55\u4fa1\u304c\u56f0\u96e3\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u305d\u306e\u305f\u3081\u3001<strong>\u8a55\u4fa1\u306e\u91cd\u70b9\u306f\u5c06\u6765\u306e\u6210\u9577\u53ef\u80fd\u6027<\/strong>\u306b\u7f6e\u304b\u308c\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">DCF\u6cd5\u304c\u7528\u3044\u3089\u308c\u308b\u3053\u3068\u304c\u591a\u3044\u3067\u3059\u304c\u3001\u305d\u306e\u969b\u306e\u4e8b\u696d\u8a08\u753b\u306e\u4e0d\u78ba\u5b9f\u6027\u304c\u975e\u5e38\u306b\u9ad8\u3044\u3068\u3044\u3046\u7279\u5fb4\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u307e\u305f\u3001\u985e\u4f3c\u4f01\u696d\u6bd4\u8f03\u6cd5\u3092\u7528\u3044\u308b\u5834\u5408\u3067\u3082\u3001\u985e\u4f3c\u3059\u308b\u4e0a\u5834\u4f01\u696d\u3092\u898b\u3064\u3051\u308b\u306e\u304c\u96e3\u3057\u3044\u305f\u3081\u3001\u904e\u53bb\u306e\u8cc7\u91d1\u8abf\u9054\u6642\u306e\u8a55\u4fa1\u984d\uff08\u30d0\u30ea\u30e5\u30a8\u30fc\u30b7\u30e7\u30f3\uff09\u3084\u3001\u5c06\u6765\u306e\u5e02\u5834\u898f\u6a21\u304b\u3089\u9006\u7b97\u3059\u308b\u65b9\u6cd5\u306a\u3069\u3082\u53c2\u8003\u306b\u3055\u308c\u307e\u3059\u3002<\/p>\n<\/div><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">\u4f01\u696d\u4fa1\u5024\u3092\u9ad8\u3081\u3066\u4fe1\u983c\u6027\u3092\u9ad8\u3081\u3088\u3046<\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/paradigm-shift.co.jp\/media\/wp-content\/uploads\/2021\/06\/b92d954cfe5b00cf2624c017b4b86c30-1024x576.png\" alt=\"\" class=\"wp-image-8948\" srcset=\"https:\/\/paradigm-shift.co.jp\/media\/wp-content\/uploads\/2021\/06\/b92d954cfe5b00cf2624c017b4b86c30-1024x576.png 1024w, https:\/\/paradigm-shift.co.jp\/media\/wp-content\/uploads\/2021\/06\/b92d954cfe5b00cf2624c017b4b86c30-300x169.png 300w, https:\/\/paradigm-shift.co.jp\/media\/wp-content\/uploads\/2021\/06\/b92d954cfe5b00cf2624c017b4b86c30-768x432.png 768w, https:\/\/paradigm-shift.co.jp\/media\/wp-content\/uploads\/2021\/06\/b92d954cfe5b00cf2624c017b4b86c30-485x273.png 485w, https:\/\/paradigm-shift.co.jp\/media\/wp-content\/uploads\/2021\/06\/b92d954cfe5b00cf2624c017b4b86c30.png 1536w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f01\u696d\u4fa1\u5024\uff08EV\uff09\u306f\u3001\u5358\u306a\u308bM&amp;A\u3084\u6295\u8cc7\u306e\u305f\u3081\u306e\u4fa1\u683c\u3067\u306f\u306a\u304f\u3001\u4f01\u696d\u5168\u4f53\u306e\u4e8b\u696d\u9042\u884c\u80fd\u529b\u3001\u5c06\u6765\u6027\u3001\u305d\u3057\u3066\u8ca1\u52d9\u5065\u5168\u6027\u3092\u793a\u3059\u7dcf\u5408\u7684\u306a\u6307\u6a19\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">EV\u306e\u8003\u3048\u65b9\u3084\u3055\u307e\u3056\u307e\u306a\u8a08\u7b97\u65b9\u6cd5\u3001\u305d\u3057\u3066\u682a\u5f0f\u4fa1\u5024\u3068\u306e\u672c\u8cea\u7684\u306a\u9055\u3044\u3092\u6b63\u3057\u304f\u7406\u89e3\u3059\u308b\u3053\u3068\u3067\u3001\u81ea\u793e\u306e\u73fe\u72b6\u3092\u5ba2\u89b3\u7684\u306b\u3001\u305d\u3057\u3066\u591a\u89d2\u7684\u306b\u628a\u63e1\u3067\u304d\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u307e\u305f\u3001EV\/EBITDA\u500d\u7387\u306a\u3069\u306e\u6307\u6a19\u3092\u6d3b\u7528\u3059\u308c\u3070\u3001\u5e02\u5834\u306b\u304a\u3051\u308b\u81ea\u793e\u306e\u7acb\u3061\u4f4d\u7f6e\u3092\u628a\u63e1\u3057\u3001\u53ce\u76ca\u529b\u3084\u6210\u9577\u6027\u3092\u4ed6\u793e\u3068\u6bd4\u8f03\u3057\u306a\u304c\u3089\u5206\u6790\u3059\u308b\u3053\u3068\u304c\u53ef\u80fd\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3053\u308c\u306b\u3088\u308a\u3001M&amp;A\u3084\u6295\u8cc7\u5224\u65ad\u306e\u7cbe\u5ea6\u3092\u98db\u8e8d\u7684\u306b\u9ad8\u3081\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f01\u696d\u4fa1\u5024\u3092\u9ad8\u3081\u308b\u305f\u3081\u306b\u306f\u3001\u5b89\u5b9a\u3057\u305f\u53ce\u76ca\u306e\u78ba\u4fdd\u3084\u8ca1\u52d9\u4f53\u8cea\u306e\u6539\u5584\u3001\u305d\u3057\u3066\u672a\u6765\u306b\u5411\u3051\u305f\u6210\u9577\u6226\u7565\u306e\u660e\u78ba\u5316\u304c\u6b20\u304b\u305b\u307e\u305b\u3093\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">M&amp;A\u30a2\u30c9\u30d0\u30a4\u30b6\u30ea\u30fc\u3068\u3057\u3066M&amp;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<a href=\"https:\/\/paradigm-shift.co.jp\/\" target=\"_blank\" rel=\"noopener\">\u682a\u5f0f\u4f1a\u793e\u30d1\u30e9\u30c0\u30a4\u30e0\u30b7\u30d5\u30c8<\/a>\u300d\u306f\u30012011\u5e74\u306e\u8a2d\u7acb\u4ee5\u6765\u8c4a\u5bcc\u306a\u77e5\u8b58\u3068\u7d4c\u9a13\u3092\u751f\u304b\u3057\u3001IT\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\n\n\n<p class=\"wp-block-paragraph\"><strong>\u30d1\u30e9\u30c0\u30a4\u30e0\u30b7\u30d5\u30c8\u304c\u9078\u3070\u308c\u308b4\u3064\u306e\u7279\u5fb4<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>IT\u9818\u57df\u306b\u7279\u5316\u3057\u305fM&amp;A\u30a2\u30c9\u30d0\u30a4\u30b6\u30ea\u30fc<\/li>\n\n\n\n<li>IT\u696d\u754c\u306e\u8c4a\u5bcc\u306a\u60c5\u5831\u529b<\/li>\n\n\n\n<li>\u300c\u7d0d\u5f97\u611f\u300d\u3068\u300c\u6e80\u8db3\u611f\u300d\u306e\u9ad8\u3044\u30b5\u30fc\u30d3\u30b9<\/li>\n\n\n\n<li>\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\n\n\n<p class=\"wp-block-paragraph\">M&amp;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","protected":false},"excerpt":{"rendered":"<p>M&amp;A\u3084\u4f01\u696d\u5206\u6790\u306b\u304a\u3044\u3066\u3001EV\u306f\u4f01\u696d\u306e\u7d14\u7c8b\u306a\u4e8b\u696d\u4fa1\u5024\u3092\u8a55\u4fa1\u3059\u308b\u305f\u3081\u306b\u4e0d\u53ef\u6b20\u306a\u6307\u6a19\u3067\u3059\u3002\u682a\u4e3b\u306e\u4fa1\u5024\u3092\u8868\u3059\u6642\u4fa1\u7dcf\u984d\u3068\u306f\u7570\u306a\u308a\u3001EV\u306f\u8cb7\u53ce\u306e\u969b\u306b\u5fc5\u8981\u3068\u306a\u308b\u8cc7\u91d1\u306e\u7dcf\u984d\u3092\u793a\u3059\u305f\u3081\u3001\u4e21\u8005\u306e\u9055\u3044\u3092\u660e\u78ba\u306b\u7406\u89e3\u3059\u308b\u3053\u3068\u304c\u91cd\u8981\u3067\u3059\u3002&#8230;<\/p>\n","protected":false},"author":1,"featured_media":790,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,13],"tags":[],"class_list":["post-784","post","type-post","status-publish","format-standard","has-post-thumbnail","category-alliance","category-corporate-evalution","article"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 5.0.1.1 - aioseo.com -->\n\t<meta name=\"description\" content=\"EV\uff08\u4f01\u696d\u4fa1\u5024\uff09\u306e\u57fa\u672c\u304b\u3089\u8a08\u7b97\u65b9\u6cd5\u3001\u682a\u5f0f\u4fa1\u5024\u3068\u306e\u9055\u3044\u3092\u308f\u304b\u308a\u3084\u3059\u304f\u89e3\u8aac\u3057\u307e\u3059\u3002\u6642\u4fa1\u7dcf\u984d\u3068\u306e\u9055\u3044\u3092\u6b63\u3057\u304f\u7406\u89e3\u3057\u3001\u4f01\u696d\u5206\u6790\u3084\u6295\u8cc7\u5224\u65ad\u306b\u6d3b\u304b\u305b\u308b\u77e5\u8b58\u3092\u8eab\u306b\u3064\u3051\u307e\u3057\u3087\u3046\u3002\u5b9f\u52d9\u306b\u5f79\u7acb\u3064\u30dd\u30a4\u30f3\u30c8\u3092\u4f53\u7cfb\u7684\u306b\u77e5\u308a\u305f\u3044\u65b9\u306f\u5fc5\u898b\u3067\u3059\u3002\" \/>\n\t<meta name=\"robots\" content=\"max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n\t<meta name=\"author\" content=\"ps_admin\"\/>\n\t<link rel=\"canonical\" href=\"https:\/\/paradigm-shift.co.jp\/media\/ev-kigyou-kachi\/\" \/>\n\t<meta name=\"generator\" content=\"All in One SEO (AIOSEO) 5.0.1.1\" \/>\n\t\t<meta property=\"og:locale\" content=\"ja_JP\" \/>\n\t\t<meta property=\"og:site_name\" content=\"PS ONLINE -\" \/>\n\t\t<meta property=\"og:type\" content=\"article\" \/>\n\t\t<meta property=\"og:title\" content=\"EV\uff08\u4f01\u696d\u4fa1\u5024\uff09\u3068\u306f\uff1f\u8a08\u7b97\u65b9\u6cd5\u3068\u682a\u5f0f\u4fa1\u5024\u3068\u306e\u9055\u3044\u3092\u8a73\u3057\u304f\u89e3\u8aac - PS ONLINE\" \/>\n\t\t<meta property=\"og:description\" content=\"EV\u3068\u306f\u3001\u4f01\u696d\u306e\u4e8b\u696d\u6d3b\u52d5\u306e\u4fa1\u5024\u3092\u8868\u3057\u305f\u3082\u306e\u3067\u30de\u30fc\u30b1\u30c3\u30c8\u5074\u304b\u3089\u898b\u305f\u4f01\u696d\u306e\u4e8b\u696d\u4fa1\u5024\u3067\u3059\u3002EV\u3068\u4f01\u696d\u4fa1\u5024\u306f\u6df7\u540c\u3057\u304c\u3061\u3067\u3059\u304c\u53b3\u5bc6\u306b\u306f\u3053\u3068\u306a\u308a\u307e\u3059\u3002\u3053\u306e\u8a18\u4e8b\u3067\u306f\u3001\u4f01\u696d\u4fa1\u5024\u3092\u9ad8\u3081\u308b\u3053\u3068\u3067\u5f97\u3089\u308c\u308b\u52b9\u679c\u3092\u89e3\u8aac\u3057\u3066\u3044\u307e\u3059\u3002\" \/>\n\t\t<meta property=\"og:url\" content=\"https:\/\/paradigm-shift.co.jp\/media\/ev-kigyou-kachi\/\" \/>\n\t\t<meta property=\"og:image\" content=\"https:\/\/paradigm-shift.co.jp\/media\/wp-content\/uploads\/2021\/06\/5040656_s.jpg\" \/>\n\t\t<meta property=\"og:image:secure_url\" content=\"https:\/\/paradigm-shift.co.jp\/media\/wp-content\/uploads\/2021\/06\/5040656_s.jpg\" \/>\n\t\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t\t<meta property=\"og:image:height\" content=\"478\" \/>\n\t\t<meta property=\"article:published_time\" content=\"2021-06-07T10:09:45+00:00\" \/>\n\t\t<meta property=\"article:modified_time\" content=\"2026-09-15T04:56:06+00:00\" \/>\n\t\t<meta name=\"twitter:card\" content=\"summary\" \/>\n\t\t<meta name=\"twitter:title\" content=\"EV\uff08\u4f01\u696d\u4fa1\u5024\uff09\u3068\u306f\uff1f\u8a08\u7b97\u65b9\u6cd5\u3068\u682a\u5f0f\u4fa1\u5024\u3068\u306e\u9055\u3044\u3092\u8a73\u3057\u304f\u89e3\u8aac - PS ONLINE\" \/>\n\t\t<meta name=\"twitter:description\" content=\"EV\u3068\u306f\u3001\u4f01\u696d\u306e\u4e8b\u696d\u6d3b\u52d5\u306e\u4fa1\u5024\u3092\u8868\u3057\u305f\u3082\u306e\u3067\u30de\u30fc\u30b1\u30c3\u30c8\u5074\u304b\u3089\u898b\u305f\u4f01\u696d\u306e\u4e8b\u696d\u4fa1\u5024\u3067\u3059\u3002EV\u3068\u4f01\u696d\u4fa1\u5024\u306f\u6df7\u540c\u3057\u304c\u3061\u3067\u3059\u304c\u53b3\u5bc6\u306b\u306f\u3053\u3068\u306a\u308a\u307e\u3059\u3002\u3053\u306e\u8a18\u4e8b\u3067\u306f\u3001\u4f01\u696d\u4fa1\u5024\u3092\u9ad8\u3081\u308b\u3053\u3068\u3067\u5f97\u3089\u308c\u308b\u52b9\u679c\u3092\u89e3\u8aac\u3057\u3066\u3044\u307e\u3059\u3002\" \/>\n\t\t<meta name=\"twitter:image\" content=\"https:\/\/paradigm-shift.co.jp\/media\/wp-content\/uploads\/2021\/06\/5040656_s.jpg\" \/>\n\t\t<script type=\"application\/ld+json\" class=\"aioseo-schema\">\n\t\t\t{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"BlogPosting\",\"@id\":\"https:\\\/\\\/paradigm-shift.co.jp\\\/media\\\/ev-kigyou-kachi\\\/#blogposting\",\"name\":\"EV\\uff08\\u4f01\\u696d\\u4fa1\\u5024\\uff09\\u3068\\u306f\\uff1f\\u8a08\\u7b97\\u65b9\\u6cd5\\u3068\\u682a\\u5f0f\\u4fa1\\u5024\\u3068\\u306e\\u9055\\u3044\\u3092\\u8a73\\u3057\\u304f\\u89e3\\u8aac - PS ONLINE\",\"headline\":\"EV\\uff08\\u4f01\\u696d\\u4fa1\\u5024\\uff09\\u3068\\u306f\\uff1f\\u8a08\\u7b97\\u65b9\\u6cd5\\u3068\\u682a\\u5f0f\\u4fa1\\u5024\\u3068\\u306e\\u9055\\u3044\\u3092\\u8a73\\u3057\\u304f\\u89e3\\u8aac\",\"author\":{\"@id\":\"https:\\\/\\\/paradigm-shift.co.jp\\\/media\\\/author\\\/ps_admin\\\/#author\"},\"publisher\":{\"@id\":\"https:\\\/\\\/paradigm-shift.co.jp\\\/media\\\/#organization\"},\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/paradigm-shift.co.jp\\\/media\\\/wp-content\\\/uploads\\\/2021\\\/06\\\/5040656_s.jpg\",\"width\":640,\"height\":478},\"datePublished\":\"2021-06-07T19:09:45+09:00\",\"dateModified\":\"2026-09-15T13:56:06+09:00\",\"inLanguage\":\"ja\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/paradigm-shift.co.jp\\\/media\\\/ev-kigyou-kachi\\\/#webpage\"},\"isPartOf\":{\"@id\":\"https:\\\/\\\/paradigm-shift.co.jp\\\/media\\\/ev-kigyou-kachi\\\/#webpage\"},\"articleSection\":\"\\u4e8b\\u696d\\u8b72\\u6e21, \\u4f01\\u696d\\u8a55\\u4fa1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/paradigm-shift.co.jp\\\/media\\\/ev-kigyou-kachi\\\/#breadcrumblist\",\"itemListElement\":[{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/paradigm-shift.co.jp\\\/media#listItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/paradigm-shift.co.jp\\\/media\",\"nextItem\":{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/paradigm-shift.co.jp\\\/media\\\/category\\\/alliance\\\/#listItem\",\"name\":\"\\u4e8b\\u696d\\u8b72\\u6e21\"}},{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/paradigm-shift.co.jp\\\/media\\\/category\\\/alliance\\\/#listItem\",\"position\":2,\"name\":\"\\u4e8b\\u696d\\u8b72\\u6e21\",\"item\":\"https:\\\/\\\/paradigm-shift.co.jp\\\/media\\\/category\\\/alliance\\\/\",\"nextItem\":{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/paradigm-shift.co.jp\\\/media\\\/ev-kigyou-kachi\\\/#listItem\",\"name\":\"EV\\uff08\\u4f01\\u696d\\u4fa1\\u5024\\uff09\\u3068\\u306f\\uff1f\\u8a08\\u7b97\\u65b9\\u6cd5\\u3068\\u682a\\u5f0f\\u4fa1\\u5024\\u3068\\u306e\\u9055\\u3044\\u3092\\u8a73\\u3057\\u304f\\u89e3\\u8aac\"},\"previousItem\":{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/paradigm-shift.co.jp\\\/media#listItem\",\"name\":\"Home\"}},{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/paradigm-shift.co.jp\\\/media\\\/ev-kigyou-kachi\\\/#listItem\",\"position\":3,\"name\":\"EV\\uff08\\u4f01\\u696d\\u4fa1\\u5024\\uff09\\u3068\\u306f\\uff1f\\u8a08\\u7b97\\u65b9\\u6cd5\\u3068\\u682a\\u5f0f\\u4fa1\\u5024\\u3068\\u306e\\u9055\\u3044\\u3092\\u8a73\\u3057\\u304f\\u89e3\\u8aac\",\"previousItem\":{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/paradigm-shift.co.jp\\\/media\\\/category\\\/alliance\\\/#listItem\",\"name\":\"\\u4e8b\\u696d\\u8b72\\u6e21\"}}]},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/paradigm-shift.co.jp\\\/media\\\/#organization\",\"name\":\"\\u682a\\u5f0f\\u4f1a\\u793e\\u30d1\\u30e9\\u30c0\\u30a4\\u30e0\\u30b7\\u30d5\\u30c8\",\"url\":\"https:\\\/\\\/paradigm-shift.co.jp\\\/media\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/paradigm-shift.co.jp\\\/media\\\/wp-content\\\/uploads\\\/2021\\\/03\\\/logo.png\",\"@id\":\"https:\\\/\\\/paradigm-shift.co.jp\\\/media\\\/ev-kigyou-kachi\\\/#organizationLogo\",\"width\":310,\"height\":40},\"image\":{\"@id\":\"https:\\\/\\\/paradigm-shift.co.jp\\\/media\\\/ev-kigyou-kachi\\\/#organizationLogo\"}},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/paradigm-shift.co.jp\\\/media\\\/author\\\/ps_admin\\\/#author\",\"url\":\"https:\\\/\\\/paradigm-shift.co.jp\\\/media\\\/author\\\/ps_admin\\\/\",\"name\":\"ps_admin\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/paradigm-shift.co.jp\\\/media\\\/ev-kigyou-kachi\\\/#webpage\",\"url\":\"https:\\\/\\\/paradigm-shift.co.jp\\\/media\\\/ev-kigyou-kachi\\\/\",\"name\":\"EV\\uff08\\u4f01\\u696d\\u4fa1\\u5024\\uff09\\u3068\\u306f\\uff1f\\u8a08\\u7b97\\u65b9\\u6cd5\\u3068\\u682a\\u5f0f\\u4fa1\\u5024\\u3068\\u306e\\u9055\\u3044\\u3092\\u8a73\\u3057\\u304f\\u89e3\\u8aac - PS ONLINE\",\"description\":\"EV\\uff08\\u4f01\\u696d\\u4fa1\\u5024\\uff09\\u306e\\u57fa\\u672c\\u304b\\u3089\\u8a08\\u7b97\\u65b9\\u6cd5\\u3001\\u682a\\u5f0f\\u4fa1\\u5024\\u3068\\u306e\\u9055\\u3044\\u3092\\u308f\\u304b\\u308a\\u3084\\u3059\\u304f\\u89e3\\u8aac\\u3057\\u307e\\u3059\\u3002\\u6642\\u4fa1\\u7dcf\\u984d\\u3068\\u306e\\u9055\\u3044\\u3092\\u6b63\\u3057\\u304f\\u7406\\u89e3\\u3057\\u3001\\u4f01\\u696d\\u5206\\u6790\\u3084\\u6295\\u8cc7\\u5224\\u65ad\\u306b\\u6d3b\\u304b\\u305b\\u308b\\u77e5\\u8b58\\u3092\\u8eab\\u306b\\u3064\\u3051\\u307e\\u3057\\u3087\\u3046\\u3002\\u5b9f\\u52d9\\u306b\\u5f79\\u7acb\\u3064\\u30dd\\u30a4\\u30f3\\u30c8\\u3092\\u4f53\\u7cfb\\u7684\\u306b\\u77e5\\u308a\\u305f\\u3044\\u65b9\\u306f\\u5fc5\\u898b\\u3067\\u3059\\u3002\",\"inLanguage\":\"ja\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/paradigm-shift.co.jp\\\/media\\\/#website\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/paradigm-shift.co.jp\\\/media\\\/ev-kigyou-kachi\\\/#breadcrumblist\"},\"author\":{\"@id\":\"https:\\\/\\\/paradigm-shift.co.jp\\\/media\\\/author\\\/ps_admin\\\/#author\"},\"creator\":{\"@id\":\"https:\\\/\\\/paradigm-shift.co.jp\\\/media\\\/author\\\/ps_admin\\\/#author\"},\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/paradigm-shift.co.jp\\\/media\\\/wp-content\\\/uploads\\\/2021\\\/06\\\/5040656_s.jpg\",\"@id\":\"https:\\\/\\\/paradigm-shift.co.jp\\\/media\\\/ev-kigyou-kachi\\\/#mainImage\",\"width\":640,\"height\":478},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/paradigm-shift.co.jp\\\/media\\\/ev-kigyou-kachi\\\/#mainImage\"},\"datePublished\":\"2021-06-07T19:09:45+09:00\",\"dateModified\":\"2026-09-15T13:56:06+09:00\"},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/paradigm-shift.co.jp\\\/media\\\/#website\",\"url\":\"https:\\\/\\\/paradigm-shift.co.jp\\\/media\\\/\",\"name\":\"PS ONLINE\",\"inLanguage\":\"ja\",\"publisher\":{\"@id\":\"https:\\\/\\\/paradigm-shift.co.jp\\\/media\\\/#organization\"}}]}\n\t\t<\/script>\n\t\t<!-- All in One SEO -->\n\n","aioseo_head_json":{"title":"EV\uff08\u4f01\u696d\u4fa1\u5024\uff09\u3068\u306f\uff1f\u8a08\u7b97\u65b9\u6cd5\u3068\u682a\u5f0f\u4fa1\u5024\u3068\u306e\u9055\u3044\u3092\u8a73\u3057\u304f\u89e3\u8aac - PS ONLINE","description":"EV\uff08\u4f01\u696d\u4fa1\u5024\uff09\u306e\u57fa\u672c\u304b\u3089\u8a08\u7b97\u65b9\u6cd5\u3001\u682a\u5f0f\u4fa1\u5024\u3068\u306e\u9055\u3044\u3092\u308f\u304b\u308a\u3084\u3059\u304f\u89e3\u8aac\u3057\u307e\u3059\u3002\u6642\u4fa1\u7dcf\u984d\u3068\u306e\u9055\u3044\u3092\u6b63\u3057\u304f\u7406\u89e3\u3057\u3001\u4f01\u696d\u5206\u6790\u3084\u6295\u8cc7\u5224\u65ad\u306b\u6d3b\u304b\u305b\u308b\u77e5\u8b58\u3092\u8eab\u306b\u3064\u3051\u307e\u3057\u3087\u3046\u3002\u5b9f\u52d9\u306b\u5f79\u7acb\u3064\u30dd\u30a4\u30f3\u30c8\u3092\u4f53\u7cfb\u7684\u306b\u77e5\u308a\u305f\u3044\u65b9\u306f\u5fc5\u898b\u3067\u3059\u3002","canonical_url":"https:\/\/paradigm-shift.co.jp\/media\/ev-kigyou-kachi\/","robots":"max-snippet:-1, max-image-preview:large, max-video-preview:-1","keywords":"","webmasterTools":{"miscellaneous":""},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"BlogPosting","@id":"https:\/\/paradigm-shift.co.jp\/media\/ev-kigyou-kachi\/#blogposting","name":"EV\uff08\u4f01\u696d\u4fa1\u5024\uff09\u3068\u306f\uff1f\u8a08\u7b97\u65b9\u6cd5\u3068\u682a\u5f0f\u4fa1\u5024\u3068\u306e\u9055\u3044\u3092\u8a73\u3057\u304f\u89e3\u8aac - PS ONLINE","headline":"EV\uff08\u4f01\u696d\u4fa1\u5024\uff09\u3068\u306f\uff1f\u8a08\u7b97\u65b9\u6cd5\u3068\u682a\u5f0f\u4fa1\u5024\u3068\u306e\u9055\u3044\u3092\u8a73\u3057\u304f\u89e3\u8aac","author":{"@id":"https:\/\/paradigm-shift.co.jp\/media\/author\/ps_admin\/#author"},"publisher":{"@id":"https:\/\/paradigm-shift.co.jp\/media\/#organization"},"image":{"@type":"ImageObject","url":"https:\/\/paradigm-shift.co.jp\/media\/wp-content\/uploads\/2021\/06\/5040656_s.jpg","width":640,"height":478},"datePublished":"2021-06-07T19:09:45+09:00","dateModified":"2026-09-15T13:56:06+09:00","inLanguage":"ja","mainEntityOfPage":{"@id":"https:\/\/paradigm-shift.co.jp\/media\/ev-kigyou-kachi\/#webpage"},"isPartOf":{"@id":"https:\/\/paradigm-shift.co.jp\/media\/ev-kigyou-kachi\/#webpage"},"articleSection":"\u4e8b\u696d\u8b72\u6e21, \u4f01\u696d\u8a55\u4fa1"},{"@type":"BreadcrumbList","@id":"https:\/\/paradigm-shift.co.jp\/media\/ev-kigyou-kachi\/#breadcrumblist","itemListElement":[{"@type":"ListItem","@id":"https:\/\/paradigm-shift.co.jp\/media#listItem","position":1,"name":"Home","item":"https:\/\/paradigm-shift.co.jp\/media","nextItem":{"@type":"ListItem","@id":"https:\/\/paradigm-shift.co.jp\/media\/category\/alliance\/#listItem","name":"\u4e8b\u696d\u8b72\u6e21"}},{"@type":"ListItem","@id":"https:\/\/paradigm-shift.co.jp\/media\/category\/alliance\/#listItem","position":2,"name":"\u4e8b\u696d\u8b72\u6e21","item":"https:\/\/paradigm-shift.co.jp\/media\/category\/alliance\/","nextItem":{"@type":"ListItem","@id":"https:\/\/paradigm-shift.co.jp\/media\/ev-kigyou-kachi\/#listItem","name":"EV\uff08\u4f01\u696d\u4fa1\u5024\uff09\u3068\u306f\uff1f\u8a08\u7b97\u65b9\u6cd5\u3068\u682a\u5f0f\u4fa1\u5024\u3068\u306e\u9055\u3044\u3092\u8a73\u3057\u304f\u89e3\u8aac"},"previousItem":{"@type":"ListItem","@id":"https:\/\/paradigm-shift.co.jp\/media#listItem","name":"Home"}},{"@type":"ListItem","@id":"https:\/\/paradigm-shift.co.jp\/media\/ev-kigyou-kachi\/#listItem","position":3,"name":"EV\uff08\u4f01\u696d\u4fa1\u5024\uff09\u3068\u306f\uff1f\u8a08\u7b97\u65b9\u6cd5\u3068\u682a\u5f0f\u4fa1\u5024\u3068\u306e\u9055\u3044\u3092\u8a73\u3057\u304f\u89e3\u8aac","previousItem":{"@type":"ListItem","@id":"https:\/\/paradigm-shift.co.jp\/media\/category\/alliance\/#listItem","name":"\u4e8b\u696d\u8b72\u6e21"}}]},{"@type":"Organization","@id":"https:\/\/paradigm-shift.co.jp\/media\/#organization","name":"\u682a\u5f0f\u4f1a\u793e\u30d1\u30e9\u30c0\u30a4\u30e0\u30b7\u30d5\u30c8","url":"https:\/\/paradigm-shift.co.jp\/media\/","logo":{"@type":"ImageObject","url":"https:\/\/paradigm-shift.co.jp\/media\/wp-content\/uploads\/2021\/03\/logo.png","@id":"https:\/\/paradigm-shift.co.jp\/media\/ev-kigyou-kachi\/#organizationLogo","width":310,"height":40},"image":{"@id":"https:\/\/paradigm-shift.co.jp\/media\/ev-kigyou-kachi\/#organizationLogo"}},{"@type":"Person","@id":"https:\/\/paradigm-shift.co.jp\/media\/author\/ps_admin\/#author","url":"https:\/\/paradigm-shift.co.jp\/media\/author\/ps_admin\/","name":"ps_admin"},{"@type":"WebPage","@id":"https:\/\/paradigm-shift.co.jp\/media\/ev-kigyou-kachi\/#webpage","url":"https:\/\/paradigm-shift.co.jp\/media\/ev-kigyou-kachi\/","name":"EV\uff08\u4f01\u696d\u4fa1\u5024\uff09\u3068\u306f\uff1f\u8a08\u7b97\u65b9\u6cd5\u3068\u682a\u5f0f\u4fa1\u5024\u3068\u306e\u9055\u3044\u3092\u8a73\u3057\u304f\u89e3\u8aac - PS ONLINE","description":"EV\uff08\u4f01\u696d\u4fa1\u5024\uff09\u306e\u57fa\u672c\u304b\u3089\u8a08\u7b97\u65b9\u6cd5\u3001\u682a\u5f0f\u4fa1\u5024\u3068\u306e\u9055\u3044\u3092\u308f\u304b\u308a\u3084\u3059\u304f\u89e3\u8aac\u3057\u307e\u3059\u3002\u6642\u4fa1\u7dcf\u984d\u3068\u306e\u9055\u3044\u3092\u6b63\u3057\u304f\u7406\u89e3\u3057\u3001\u4f01\u696d\u5206\u6790\u3084\u6295\u8cc7\u5224\u65ad\u306b\u6d3b\u304b\u305b\u308b\u77e5\u8b58\u3092\u8eab\u306b\u3064\u3051\u307e\u3057\u3087\u3046\u3002\u5b9f\u52d9\u306b\u5f79\u7acb\u3064\u30dd\u30a4\u30f3\u30c8\u3092\u4f53\u7cfb\u7684\u306b\u77e5\u308a\u305f\u3044\u65b9\u306f\u5fc5\u898b\u3067\u3059\u3002","inLanguage":"ja","isPartOf":{"@id":"https:\/\/paradigm-shift.co.jp\/media\/#website"},"breadcrumb":{"@id":"https:\/\/paradigm-shift.co.jp\/media\/ev-kigyou-kachi\/#breadcrumblist"},"author":{"@id":"https:\/\/paradigm-shift.co.jp\/media\/author\/ps_admin\/#author"},"creator":{"@id":"https:\/\/paradigm-shift.co.jp\/media\/author\/ps_admin\/#author"},"image":{"@type":"ImageObject","url":"https:\/\/paradigm-shift.co.jp\/media\/wp-content\/uploads\/2021\/06\/5040656_s.jpg","@id":"https:\/\/paradigm-shift.co.jp\/media\/ev-kigyou-kachi\/#mainImage","width":640,"height":478},"primaryImageOfPage":{"@id":"https:\/\/paradigm-shift.co.jp\/media\/ev-kigyou-kachi\/#mainImage"},"datePublished":"2021-06-07T19:09:45+09:00","dateModified":"2026-09-15T13:56:06+09:00"},{"@type":"WebSite","@id":"https:\/\/paradigm-shift.co.jp\/media\/#website","url":"https:\/\/paradigm-shift.co.jp\/media\/","name":"PS ONLINE","inLanguage":"ja","publisher":{"@id":"https:\/\/paradigm-shift.co.jp\/media\/#organization"}}]},"og:locale":"ja_JP","og:site_name":"PS ONLINE -","og:type":"article","og:title":"EV\uff08\u4f01\u696d\u4fa1\u5024\uff09\u3068\u306f\uff1f\u8a08\u7b97\u65b9\u6cd5\u3068\u682a\u5f0f\u4fa1\u5024\u3068\u306e\u9055\u3044\u3092\u8a73\u3057\u304f\u89e3\u8aac - PS ONLINE","og:description":"EV\u3068\u306f\u3001\u4f01\u696d\u306e\u4e8b\u696d\u6d3b\u52d5\u306e\u4fa1\u5024\u3092\u8868\u3057\u305f\u3082\u306e\u3067\u30de\u30fc\u30b1\u30c3\u30c8\u5074\u304b\u3089\u898b\u305f\u4f01\u696d\u306e\u4e8b\u696d\u4fa1\u5024\u3067\u3059\u3002EV\u3068\u4f01\u696d\u4fa1\u5024\u306f\u6df7\u540c\u3057\u304c\u3061\u3067\u3059\u304c\u53b3\u5bc6\u306b\u306f\u3053\u3068\u306a\u308a\u307e\u3059\u3002\u3053\u306e\u8a18\u4e8b\u3067\u306f\u3001\u4f01\u696d\u4fa1\u5024\u3092\u9ad8\u3081\u308b\u3053\u3068\u3067\u5f97\u3089\u308c\u308b\u52b9\u679c\u3092\u89e3\u8aac\u3057\u3066\u3044\u307e\u3059\u3002","og:url":"https:\/\/paradigm-shift.co.jp\/media\/ev-kigyou-kachi\/","og:image":"https:\/\/paradigm-shift.co.jp\/media\/wp-content\/uploads\/2021\/06\/5040656_s.jpg","og:image:secure_url":"https:\/\/paradigm-shift.co.jp\/media\/wp-content\/uploads\/2021\/06\/5040656_s.jpg","og:image:width":"640","og:image:height":"478","article:published_time":"2021-06-07T10:09:45+00:00","article:modified_time":"2026-09-15T04:56:06+00:00","twitter:card":"summary","twitter:title":"EV\uff08\u4f01\u696d\u4fa1\u5024\uff09\u3068\u306f\uff1f\u8a08\u7b97\u65b9\u6cd5\u3068\u682a\u5f0f\u4fa1\u5024\u3068\u306e\u9055\u3044\u3092\u8a73\u3057\u304f\u89e3\u8aac - PS ONLINE","twitter:description":"EV\u3068\u306f\u3001\u4f01\u696d\u306e\u4e8b\u696d\u6d3b\u52d5\u306e\u4fa1\u5024\u3092\u8868\u3057\u305f\u3082\u306e\u3067\u30de\u30fc\u30b1\u30c3\u30c8\u5074\u304b\u3089\u898b\u305f\u4f01\u696d\u306e\u4e8b\u696d\u4fa1\u5024\u3067\u3059\u3002EV\u3068\u4f01\u696d\u4fa1\u5024\u306f\u6df7\u540c\u3057\u304c\u3061\u3067\u3059\u304c\u53b3\u5bc6\u306b\u306f\u3053\u3068\u306a\u308a\u307e\u3059\u3002\u3053\u306e\u8a18\u4e8b\u3067\u306f\u3001\u4f01\u696d\u4fa1\u5024\u3092\u9ad8\u3081\u308b\u3053\u3068\u3067\u5f97\u3089\u308c\u308b\u52b9\u679c\u3092\u89e3\u8aac\u3057\u3066\u3044\u307e\u3059\u3002","twitter:image":"https:\/\/paradigm-shift.co.jp\/media\/wp-content\/uploads\/2021\/06\/5040656_s.jpg"},"aioseo_meta_data":{"post_id":"784","title":null,"description":"EV\uff08\u4f01\u696d\u4fa1\u5024\uff09\u306e\u57fa\u672c\u304b\u3089\u8a08\u7b97\u65b9\u6cd5\u3001\u682a\u5f0f\u4fa1\u5024\u3068\u306e\u9055\u3044\u3092\u308f\u304b\u308a\u3084\u3059\u304f\u89e3\u8aac\u3057\u307e\u3059\u3002\u6642\u4fa1\u7dcf\u984d\u3068\u306e\u9055\u3044\u3092\u6b63\u3057\u304f\u7406\u89e3\u3057\u3001\u4f01\u696d\u5206\u6790\u3084\u6295\u8cc7\u5224\u65ad\u306b\u6d3b\u304b\u305b\u308b\u77e5\u8b58\u3092\u8eab\u306b\u3064\u3051\u307e\u3057\u3087\u3046\u3002\u5b9f\u52d9\u306b\u5f79\u7acb\u3064\u30dd\u30a4\u30f3\u30c8\u3092\u4f53\u7cfb\u7684\u306b\u77e5\u308a\u305f\u3044\u65b9\u306f\u5fc5\u898b\u3067\u3059\u3002","keywords":null,"keyphrases":{"focus":{"keyphrase":"ev,\u4f01\u696d,\u4fa1\u5024","score":77},"additional":[]},"primary_term":null,"canonical_url":null,"og_title":"#post_title #separator_sa #site_title","og_description":"EV\u3068\u306f\u3001\u4f01\u696d\u306e\u4e8b\u696d\u6d3b\u52d5\u306e\u4fa1\u5024\u3092\u8868\u3057\u305f\u3082\u306e\u3067\u30de\u30fc\u30b1\u30c3\u30c8\u5074\u304b\u3089\u898b\u305f\u4f01\u696d\u306e\u4e8b\u696d\u4fa1\u5024\u3067\u3059\u3002EV\u3068\u4f01\u696d\u4fa1\u5024\u306f\u6df7\u540c\u3057\u304c\u3061\u3067\u3059\u304c\u53b3\u5bc6\u306b\u306f\u3053\u3068\u306a\u308a\u307e\u3059\u3002\u3053\u306e\u8a18\u4e8b\u3067\u306f\u3001\u4f01\u696d\u4fa1\u5024\u3092\u9ad8\u3081\u308b\u3053\u3068\u3067\u5f97\u3089\u308c\u308b\u52b9\u679c\u3092\u89e3\u8aac\u3057\u3066\u3044\u307e\u3059\u3002","og_object_type":"default","og_image_type":"featured","og_image_url":"https:\/\/paradigm-shift.co.jp\/media\/wp-content\/uploads\/2021\/06\/5040656_s.jpg","og_image_width":"640","og_image_height":"478","og_image_custom_url":null,"og_image_custom_fields":null,"og_video":"","og_custom_url":null,"og_article_section":null,"og_article_tags":null,"twitter_use_og":true,"twitter_card":"default","twitter_image_type":"default","twitter_image_url":null,"twitter_image_custom_url":null,"twitter_image_custom_fields":null,"twitter_title":null,"twitter_description":null,"schema":{"blockGraphs":[{"hidden":false,"schemaBlockId":"aioseo-mu270a3o329gd","tagName":"h3","editorskit":[],"answer":"EV\u3068\u6642\u4fa1\u7dcf\u984d\uff08\u682a\u5f0f\u4fa1\u5024\uff09\u306e\u3082\u3063\u3068\u3082\u91cd\u8981\u306a\u9055\u3044\u306f\u3001\u8a55\u4fa1\u306e\u5bfe\u8c61\u7bc4\u56f2\u3067\u3059\u3002 \u6642\u4fa1\u7dcf\u984d\u306f\u682a\u4e3b\u306b\u5e30\u5c5e\u3059\u308b\u4fa1\u5024\u306e\u307f\u3092\u793a\u3059\u306e\u306b\u5bfe\u3057\u3001EV\u306f\u682a\u4e3b\u4fa1\u5024\u306b\u52a0\u3048\u3066\u50b5\u6a29\u8005\u306e\u4fa1\u5024\uff08\u7d14\u6709\u5229\u5b50\u8ca0\u50b5\uff09\u3082\u542b\u3080\u3001\u4f01\u696d\u5168\u4f53\u306e\u4fa1\u5024\u3092\u793a\u3057\u307e\u3059\u3002 M&amp;A\u306e\u3088\u3046\u306b\u4f1a\u793e\u3092\u4e38\u3054\u3068\u53d6\u5f97\u3059\u308b\u5834\u9762\u3067\u306f\u3001\u8ca0\u50b5\u3082\u5f15\u304d\u7d99\u3050\u305f\u3081\u3001EV\u304c\u8cb7\u53ce\u4fa1\u683c\u306e\u57fa\u6e96\u3068\u306a\u308a\u307e\u3059\u3002","question":"EV\u3068\u6642\u4fa1\u7dcf\u984d\u306e\u9055\u3044\u306f\uff1f","type":"aioseo\/faq"},{"hidden":false,"schemaBlockId":"aioseo-mu270pw1fryii","tagName":"h3","editorskit":[],"answer":"\u975e\u4e0a\u5834\u4f01\u696d\u306f\u5e02\u5834\u682a\u4fa1\u304c\u306a\u3044\u305f\u3081\u3001\u30de\u30fc\u30b1\u30c3\u30c8\u30fb\u30a2\u30d7\u30ed\u30fc\u30c1\u306e\u9069\u7528\u304c\u9650\u5b9a\u3055\u308c\u307e\u3059\u3002 \u305d\u306e\u305f\u3081\u3001\u975e\u4e0a\u5834\u4f01\u696d\u306eEV\u8a55\u4fa1\u3067\u306f\u3001DCF\u6cd5\u306a\u3069\u306e\u30a4\u30f3\u30ab\u30e0\u30fb\u30a2\u30d7\u30ed\u30fc\u30c1\u3084\u3001\u6642\u4fa1\u7d14\u8cc7\u7523\u6cd5\u306a\u3069\u306e\u30b3\u30b9\u30c8\u30fb\u30a2\u30d7\u30ed\u30fc\u30c1\u304c\u4e3b\u306b\u7528\u3044\u3089\u308c\u307e\u3059\u3002 \u7279\u306b\u5c06\u6765\u306e\u6210\u9577\u6027\u304c\u671f\u5f85\u3055\u308c\u308b\u5834\u5408\u306fDCF\u6cd5\u304c\u3001\u8cc7\u7523\u4fa1\u5024\u304c\u91cd\u8981\u306a\u4f01\u696d\u306e\u5834\u5408\u306f\u6642\u4fa1\u7d14\u8cc7\u7523\u6cd5\u304c\u9069\u3057\u3066\u3044\u308b\u306a\u3069\u3001\u4f01\u696d\u306e\u7279\u6027\u306b\u5fdc\u3058\u3066\u9069\u5207\u306a\u65b9\u6cd5\u3092\u9078\u629e\u3059\u308b\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002\u975e\u4e0a\u5834\u4f01\u696d\u306eEV\u7b97\u51fa\u65b9\u6cd5\u3067\u306f\u3001\u3053\u308c\u3089\u306e\u30a2\u30d7\u30ed\u30fc\u30c1\u3092\u7d44\u307f\u5408\u308f\u305b\u308b\u3053\u3068\u304c\u4e00\u822c\u7684\u3067\u3059\u3002","question":"\u975e\u4e0a\u5834\u4f01\u696d\u306eEV\u8a55\u4fa1\u65b9\u6cd5\u306f\uff1f","type":"aioseo\/faq"},{"hidden":false,"schemaBlockId":"aioseo-mu2712uet1d01","tagName":"h3","editorskit":[],"answer":"\u4e00\u6982\u306b\u300c\u3053\u306e\u6307\u6a19\u304c\u3082\u3063\u3068\u3082\u91cd\u8981\u300d\u3068\u306f\u8a00\u3048\u307e\u305b\u3093\u3002\u8a55\u4fa1\u306e\u76ee\u7684\u3084\u4f01\u696d\u306e\u6210\u9577\u30b9\u30c6\u30fc\u30b8\u306b\u3088\u3063\u3066\u91cd\u8996\u3055\u308c\u308b\u6307\u6a19\u306f\u7570\u306a\u308a\u307e\u3059\u3002 \u4f8b\u3048\u3070\u3001M&amp;A\u306e\u5b9f\u52d9\u3067\u306f\u3001\u4f01\u696d\u306e\u5c06\u6765\u306e\u53ce\u76ca\u529b\u3092\u53cd\u6620\u3067\u304d\u308bDCF\u6cd5\u304c\u7406\u8ad6\u7684\u306a\u652f\u67f1\u3068\u3057\u3066\u91cd\u8996\u3055\u308c\u308b\u3053\u3068\u304c\u591a\u3044\u3067\u3059\u3002 \u4e00\u65b9\u3067\u3001\u985e\u4f3c\u4f01\u696d\u3068\u306e\u76f8\u5bfe\u7684\u306a\u682a\u4fa1\u6c34\u6e96\u3092\u6bd4\u8f03\u3059\u308b\u969b\u306b\u306f\u3001EV\/EBITDA\u500d\u7387\u304c\u5e83\u304f\u6d3b\u7528\u3055\u308c\u307e\u3059\u3002 \u8907\u6570\u306e\u6307\u6a19\u3092\u7dcf\u5408\u7684\u306b\u898b\u3066\u5224\u65ad\u3059\u308b\u3053\u3068\u304c\u91cd\u8981\u3067\u3059\u3002","question":"EV\u8a55\u4fa1\u3067\u3082\u3063\u3068\u3082\u91cd\u8996\u3055\u308c\u308b\u6307\u6a19\u306f\uff1f","type":"aioseo\/faq"},{"hidden":false,"schemaBlockId":"aioseo-mu271hkt3mvcf","tagName":"h3","editorskit":[],"answer":"\u4f01\u696d\u4fa1\u5024\u3092\u9ad8\u3081\u308b\u306b\u306f\u3001\u4ee5\u4e0b\u306e3\u3064\u306e\u30a2\u30d7\u30ed\u30fc\u30c1\u304c\u57fa\u672c\u3068\u306a\u308a\u307e\u3059\u3002 \u53ce\u76ca\u529b\u306e\u5411\u4e0a: \u4e8b\u696d\u6d3b\u52d5\u304b\u3089\u751f\u307f\u51fa\u3059\u30d5\u30ea\u30fc\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u3092\u5897\u3084\u3059\u3002 \u8ca1\u52d9\u4f53\u8cea\u306e\u6539\u5584: \u8cc7\u672c\u30b3\u30b9\u30c8\uff08WACC\uff09\u3092\u5f15\u304d\u4e0b\u3052\u308b\u3002 \u6210\u9577\u3078\u306e\u6295\u8cc7: \u5c06\u6765\u306e\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u6210\u9577\u671f\u5f85\u3092\u9ad8\u3081\u308b\u3002 \u5177\u4f53\u7684\u306b\u306f\u3001\u58f2\u4e0a\u5897\u52a0\u3001\u30b3\u30b9\u30c8\u524a\u6e1b\u3001\u8cc7\u7523\u52b9\u7387\u306e\u5411\u4e0a\u3001\u9069\u5207\u306a\u8ca0\u50b5\u7ba1\u7406\u3001\u5c06\u6765\u6027\u306e\u3042\u308b\u4e8b\u696d\u3078\u306e\u6295\u8cc7\u306a\u3069\u3092\u30d0\u30e9\u30f3\u30b9\u826f\u304f\u5b9f\u884c\u3057\u3066\u3044\u304f\u3053\u3068\u304c\u6c42\u3081\u3089\u308c\u307e\u3059\u3002","question":"\u4f01\u696d\u4fa1\u5024\u3092\u9ad8\u3081\u308b\u306b\u306f\u5177\u4f53\u7684\u306b\u3069\u3046\u3059\u308c\u3070\u826f\u3044\uff1f","type":"aioseo\/faq"},{"hidden":false,"schemaBlockId":"aioseo-mu271vny6kjtz","tagName":"h3","editorskit":[],"answer":"EV\u8a55\u4fa1\u306f\u3001\u4f01\u696d\u306e\u8ca1\u52d9\u62c5\u5f53\u8005\u3084\u7d4c\u55b6\u4f01\u753b\u90e8\u304c\u81ea\u793e\u306e\u7d4c\u55b6\u7ba1\u7406\u306e\u305f\u3081\u306b\u884c\u3046\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002 \u3057\u304b\u3057\u3001M&amp;A\u3001\u7b2c\u4e09\u8005\u5272\u5f53\u5897\u8cc7\u3001\u4e8b\u696d\u627f\u7d99\u306a\u3069\u3001\u7b2c\u4e09\u8005\u3078\u306e\u8aac\u660e\u8cac\u4efb\u3084\u5ba2\u89b3\u6027\u304c\u6c42\u3081\u3089\u308c\u308b\u5834\u9762\u3067\u306f\u3001\u516c\u8a8d\u4f1a\u8a08\u58eb\u3084M&amp;A\u30a2\u30c9\u30d0\u30a4\u30b6\u30ea\u30fc\u30d5\u30a1\u30fc\u30e0\u306a\u3069\u306e\u5916\u90e8\u5c02\u9580\u5bb6\u306b\u4f9d\u983c\u3059\u308b\u306e\u304c\u4e00\u822c\u7684\u3067\u3059\u3002 \u5c02\u9580\u5bb6\u306b\u3088\u308b\u8a55\u4fa1\u306f\u3001\u4ea4\u6e09\u306b\u304a\u3051\u308b\u8aac\u5f97\u529b\u3092\u9ad8\u3081\u308b\u52b9\u679c\u304c\u3042\u308a\u307e\u3059\u3002","question":"EV\u8a55\u4fa1\u306f\u8ab0\u304c\u884c\u3046\u3079\u304d\u304b\uff1f","type":"aioseo\/faq"},{"hidden":false,"schemaBlockId":"aioseo-mu2728motzk0k","tagName":"h3","editorskit":[],"answer":"\u30b9\u30bf\u30fc\u30c8\u30a2\u30c3\u30d7\u4f01\u696d\u306f\u3001\u8d64\u5b57\u30d5\u30a7\u30fc\u30ba\u3067\u3042\u308b\u3053\u3068\u304c\u591a\u304f\u3001\u904e\u53bb\u306e\u5b9f\u7e3e\u306b\u57fa\u3065\u304f\u8a55\u4fa1\u304c\u56f0\u96e3\u3067\u3059\u3002 \u305d\u306e\u305f\u3081\u3001\u8a55\u4fa1\u306e\u91cd\u70b9\u306f\u5c06\u6765\u306e\u6210\u9577\u53ef\u80fd\u6027\u306b\u7f6e\u304b\u308c\u307e\u3059\u3002 DCF\u6cd5\u304c\u7528\u3044\u3089\u308c\u308b\u3053\u3068\u304c\u591a\u3044\u3067\u3059\u304c\u3001\u305d\u306e\u969b\u306e\u4e8b\u696d\u8a08\u753b\u306e\u4e0d\u78ba\u5b9f\u6027\u304c\u975e\u5e38\u306b\u9ad8\u3044\u3068\u3044\u3046\u7279\u5fb4\u304c\u3042\u308a\u307e\u3059\u3002 \u307e\u305f\u3001\u985e\u4f3c\u4f01\u696d\u6bd4\u8f03\u6cd5\u3092\u7528\u3044\u308b\u5834\u5408\u3067\u3082\u3001\u985e\u4f3c\u3059\u308b\u4e0a\u5834\u4f01\u696d\u3092\u898b\u3064\u3051\u308b\u306e\u304c\u96e3\u3057\u3044\u305f\u3081\u3001\u904e\u53bb\u306e\u8cc7\u91d1\u8abf\u9054\u6642\u306e\u8a55\u4fa1\u984d\uff08\u30d0\u30ea\u30e5\u30a8\u30fc\u30b7\u30e7\u30f3\uff09\u3084\u3001\u5c06\u6765\u306e\u5e02\u5834\u898f\u6a21\u304b\u3089\u9006\u7b97\u3059\u308b\u65b9\u6cd5\u306a\u3069\u3082\u53c2\u8003\u306b\u3055\u308c\u307e\u3059\u3002","question":"\u30b9\u30bf\u30fc\u30c8\u30a2\u30c3\u30d7\u4f01\u696d\u306eEV\u8a55\u4fa1\u306b\u304a\u3051\u308b\u7279\u6b8a\u6027\u306f\uff1f","type":"aioseo\/faq"}],"customGraphs":[],"default":{"data":{"Article":[],"Course":[],"Dataset":[],"FAQPage":[],"Movie":[],"Person":[],"Product":[],"ProductReview":[],"Car":[],"Recipe":[],"Service":[],"SoftwareApplication":[],"WebPage":[]},"graphName":"WebPage","isEnabled":true},"graphs":[],"defaultGraph":"Article","defaultPostTypeGraph":""},"schema_type":"default","schema_type_options":"{\"article\":{\"articleType\":\"BlogPosting\"},\"course\":{\"name\":\"\",\"description\":\"\",\"provider\":\"\"},\"faq\":{\"pages\":[]},\"product\":{\"reviews\":[]},\"recipe\":{\"ingredients\":[],\"instructions\":[],\"keywords\":[]},\"software\":{\"reviews\":[],\"operatingSystems\":[]},\"webPage\":{\"webPageType\":\"WebPage\"}}","pillar_content":false,"robots_default":true,"robots_noindex":false,"robots_noarchive":false,"robots_nosnippet":false,"robots_nofollow":false,"robots_noimageindex":false,"robots_noodp":false,"robots_notranslate":false,"robots_max_snippet":"-1","robots_max_videopreview":"-1","robots_max_imagepreview":"large","priority":null,"frequency":"default","location":null,"local_seo":null,"breadcrumb_settings":null,"limit_modified_date":false,"ai":{"faqs":[],"keyPoints":[],"schemas":[],"titles":[],"descriptions":[],"socialPosts":{"email":{"subject":"","preview":"","content":""},"linkedin":[],"twitter":[],"facebook":[],"instagram":[]}},"created":"2021-06-05 00:31:55","updated":"2026-09-15 05:14:32","seo_analyzer_scan_date":null,"focus_keyword":"ev,\u4f01\u696d,\u4fa1\u5024","additional_keywords":null,"truseo_locale":null},"_links":{"self":[{"href":"https:\/\/paradigm-shift.co.jp\/media\/wp-json\/wp\/v2\/posts\/784","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/paradigm-shift.co.jp\/media\/wp-json\/wp\/v2\/comments?post=784"}],"version-history":[{"count":14,"href":"https:\/\/paradigm-shift.co.jp\/media\/wp-json\/wp\/v2\/posts\/784\/revisions"}],"predecessor-version":[{"id":8951,"href":"https:\/\/paradigm-shift.co.jp\/media\/wp-json\/wp\/v2\/posts\/784\/revisions\/8951"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/paradigm-shift.co.jp\/media\/wp-json\/wp\/v2\/media\/790"}],"wp:attachment":[{"href":"https:\/\/paradigm-shift.co.jp\/media\/wp-json\/wp\/v2\/media?parent=784"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/paradigm-shift.co.jp\/media\/wp-json\/wp\/v2\/categories?post=784"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/paradigm-shift.co.jp\/media\/wp-json\/wp\/v2\/tags?post=784"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}