{"id":3594,"date":"2025-02-19T06:00:00","date_gmt":"2025-02-18T21:00:00","guid":{"rendered":"https:\/\/rad-st.jp\/?p=3594"},"modified":"2024-11-19T08:55:31","modified_gmt":"2024-11-18T23:55:31","slug":"ma%e3%81%ae%e4%bc%81%e6%a5%ad%e4%be%a1%e5%80%a4%e8%a9%95%e4%be%a1%ef%bc%9a%e3%83%9e%e3%83%bc%e3%82%b1%e3%83%83%e3%83%88%e3%82%a2%e3%83%97%e3%83%ad%e3%83%bc%e3%83%81%e3%81%ae%e5%9f%ba%e6%9c%ac","status":"publish","type":"post","link":"https:\/\/rad-st.jp\/?p=3594","title":{"rendered":"M&A\u306e\u4f01\u696d\u4fa1\u5024\u8a55\u4fa1\uff1a\u30de\u30fc\u30b1\u30c3\u30c8\u30a2\u30d7\u30ed\u30fc\u30c1\u306e\u57fa\u672c\u3068\u5b9f\u52d9\u89e3\u8aac"},"content":{"rendered":"\n

M&A\uff08\u4f01\u696d\u306e\u5408\u4f75\u30fb\u8cb7\u53ce\uff09\u3092\u6210\u529f\u3055\u305b\u308b\u306b\u306f\u3001\u9069\u6b63\u306a\u4f01\u696d\u4fa1\u5024\u8a55\u4fa1\u304c\u4e0d\u53ef\u6b20\u3067\u3059\u3002\u305d\u306e\u4e2d\u3067\u3082\u300c\u30de\u30fc\u30b1\u30c3\u30c8\u30a2\u30d7\u30ed\u30fc\u30c1\u300d\u306f\u3001\u4f01\u696d\u306e\u5e02\u5834\u4fa1\u5024\u3092\u8a55\u4fa1\u3059\u308b\u305f\u3081\u306b\u7528\u3044\u3089\u308c\u308b\u4ee3\u8868\u7684\u306a\u624b\u6cd5\u306e\u4e00\u3064\u3067\u3059\u3002\u672c\u8a18\u4e8b\u3067\u306f\u3001\u30de\u30fc\u30b1\u30c3\u30c8\u30a2\u30d7\u30ed\u30fc\u30c1\u306e\u57fa\u672c\u7684\u306a\u8003\u3048\u65b9\u3001\u8a55\u4fa1\u624b\u6cd5\u3001\u5b9f\u52d9\u306b\u304a\u3051\u308b\u6d3b\u7528\u65b9\u6cd5\u306b\u3064\u3044\u3066\u5fb9\u5e95\u89e3\u8aac\u3057\u307e\u3059\u3002<\/p>\n

\n

\u30de\u30fc\u30b1\u30c3\u30c8\u30a2\u30d7\u30ed\u30fc\u30c1\u3068\u306f\uff1f<\/h3>\n

\u30de\u30fc\u30b1\u30c3\u30c8\u30a2\u30d7\u30ed\u30fc\u30c1\u306f\u3001\u540c\u696d\u4ed6\u793e\u3084\u985e\u4f3c\u53d6\u5f15\u306e\u5e02\u5834\u30c7\u30fc\u30bf\u3092\u57fa\u306b\u3001\u5bfe\u8c61\u4f01\u696d\u306e\u4fa1\u5024\u3092\u8a55\u4fa1\u3059\u308b\u624b\u6cd5\u3067\u3059\u3002\u3053\u306e\u30a2\u30d7\u30ed\u30fc\u30c1\u306f\u3001\u5e02\u5834\u53c2\u52a0\u8005\u304c\u4f01\u696d\u4fa1\u5024\u3092\u3069\u306e\u3088\u3046\u306b\u8a55\u4fa1\u3057\u3066\u3044\u308b\u304b\u3092\u53cd\u6620\u3059\u308b\u305f\u3081\u3001\u5b9f\u52d9\u3067\u5e83\u304f\u4f7f\u7528\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n

\n

\u30de\u30fc\u30b1\u30c3\u30c8\u30a2\u30d7\u30ed\u30fc\u30c1\u306e\u57fa\u672c\u6982\u5ff5<\/h3>\n

\u30de\u30fc\u30b1\u30c3\u30c8\u30a2\u30d7\u30ed\u30fc\u30c1\u306f\u3001\u4ee5\u4e0b\u306e2\u3064\u306e\u624b\u6cd5\u306b\u5927\u5225\u3055\u308c\u307e\u3059\u3002<\/p>\n

1. \u6bd4\u8f03\u4f1a\u793e\u6cd5\uff08Comparable Company Analysis: CCA\uff09<\/h4>\n

\u5e02\u5834\u3067\u53d6\u5f15\u3055\u308c\u3066\u3044\u308b\u985e\u4f3c\u4f01\u696d\u306e\u30c7\u30fc\u30bf\u3092\u4f7f\u7528\u3057\u3001\u5bfe\u8c61\u4f01\u696d\u306e\u4fa1\u5024\u3092\u8a55\u4fa1\u3057\u307e\u3059\u3002\u4ee5\u4e0b\u306e\u624b\u9806\u3067\u9032\u3081\u3089\u308c\u307e\u3059\u3002<\/p>\n

    \n
  1. \n

    \u985e\u4f3c\u4f01\u696d\u306e\u9078\u5b9a<\/strong>
    \u696d\u7a2e\u3001\u898f\u6a21\u3001\u53ce\u76ca\u69cb\u9020\u304c\u8fd1\u3044\u4f01\u696d\u3092\u9078\u5b9a\u3057\u307e\u3059\u3002<\/p>\n<\/li>\n

  2. \n

    \u8a55\u4fa1\u6307\u6a19\u306e\u7b97\u51fa<\/strong>
    EV\/EBITDA\u3001P\/E\uff08\u682a\u4fa1\u53ce\u76ca\u7387\uff09\u3001P\/B\uff08\u682a\u4fa1\u7d14\u8cc7\u7523\u500d\u7387\uff09\u306a\u3069\u306e\u8a55\u4fa1\u6307\u6a19\u3092\u8a08\u7b97\u3057\u307e\u3059\u3002<\/p>\n<\/li>\n

  3. \n

    \u5bfe\u8c61\u4f01\u696d\u3078\u306e\u9069\u7528<\/strong>
    \u985e\u4f3c\u4f01\u696d\u306e\u8a55\u4fa1\u6307\u6a19\u3092\u57fa\u306b\u3001\u5bfe\u8c61\u4f01\u696d\u306e\u4f01\u696d\u4fa1\u5024\u3092\u7b97\u51fa\u3057\u307e\u3059\u3002<\/p>\n<\/li>\n<\/ol>\n

    2. \u53d6\u5f15\u4e8b\u4f8b\u6cd5\uff08Precedent Transaction Analysis: PTA\uff09<\/h4>\n

    \u904e\u53bb\u306e\u985e\u4f3c\u53d6\u5f15\u3092\u57fa\u306b\u3001\u5bfe\u8c61\u4f01\u696d\u306e\u4fa1\u5024\u3092\u8a55\u4fa1\u3057\u307e\u3059\u3002\u4e3b\u306a\u624b\u9806\u306f\u4ee5\u4e0b\u306e\u901a\u308a\u3067\u3059\u3002<\/p>\n

      \n
    1. \n

      \u53d6\u5f15\u4e8b\u4f8b\u306e\u53ce\u96c6<\/strong>
      \u540c\u696d\u7a2e\u3084\u8fd1\u4f3c\u6761\u4ef6\u3067\u884c\u308f\u308c\u305fM&A\u53d6\u5f15\u3092\u53ce\u96c6\u3057\u307e\u3059\u3002<\/p>\n<\/li>\n

    2. \n

      \u8a55\u4fa1\u6307\u6a19\u306e\u7b97\u51fa<\/strong>
      \u53d6\u5f15\u4fa1\u683c\u3092\u57fa\u306b\u3001EV\/EBITDA\u3084P\/E\u306a\u3069\u306e\u6307\u6a19\u3092\u8a08\u7b97\u3057\u307e\u3059\u3002<\/p>\n<\/li>\n

    3. \n

      \u5bfe\u8c61\u4f01\u696d\u3078\u306e\u9069\u7528<\/strong>
      \u53d6\u5f15\u4e8b\u4f8b\u306e\u6307\u6a19\u3092\u53c2\u8003\u306b\u3001\u5bfe\u8c61\u4f01\u696d\u306e\u4fa1\u5024\u3092\u8a55\u4fa1\u3057\u307e\u3059\u3002<\/p>\n<\/li>\n<\/ol>\n

      \n

      \u30de\u30fc\u30b1\u30c3\u30c8\u30a2\u30d7\u30ed\u30fc\u30c1\u306e\u30e1\u30ea\u30c3\u30c8\u3068\u30c7\u30e1\u30ea\u30c3\u30c8<\/h3>\n

      \u30e1\u30ea\u30c3\u30c8<\/h4>\n
        \n
      • \n

        \u5e02\u5834\u306e\u8a55\u4fa1\u3092\u53cd\u6620<\/strong>
        \u5b9f\u969b\u306e\u5e02\u5834\u30c7\u30fc\u30bf\u3092\u57fa\u306b\u3057\u3066\u3044\u308b\u305f\u3081\u3001\u5ba2\u89b3\u6027\u304c\u9ad8\u3044\u3002<\/p>\n<\/li>\n

      • \n

        \u7c21\u4fbf\u6027<\/strong>
        \u4ed6\u306e\u8a55\u4fa1\u624b\u6cd5\u306b\u6bd4\u3079\u3066\u6bd4\u8f03\u7684\u7c21\u5358\u306b\u7b97\u51fa\u53ef\u80fd\u3002<\/p>\n<\/li>\n<\/ul>\n

        \u30c7\u30e1\u30ea\u30c3\u30c8<\/h4>\n
          \n
        • \n

          \u30c7\u30fc\u30bf\u306e\u5236\u7d04<\/strong>
          \u985e\u4f3c\u4f01\u696d\u3084\u53d6\u5f15\u4e8b\u4f8b\u304c\u5c11\u306a\u3044\u5834\u5408\u3001\u8a55\u4fa1\u304c\u56f0\u96e3\u3002<\/p>\n<\/li>\n

        • \n

          \u5e02\u5834\u5909\u52d5\u306e\u5f71\u97ff<\/strong>
          \u4e00\u6642\u7684\u306a\u5e02\u5834\u306e\u904e\u71b1\u3084\u51b7\u3048\u8fbc\u307f\u304c\u8a55\u4fa1\u306b\u5f71\u97ff\u3059\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u3002<\/p>\n<\/li>\n<\/ul>\n

          \n

          \u5b9f\u52d9\u306b\u304a\u3051\u308b\u30de\u30fc\u30b1\u30c3\u30c8\u30a2\u30d7\u30ed\u30fc\u30c1\u306e\u6d3b\u7528<\/h3>\n

          \u30de\u30fc\u30b1\u30c3\u30c8\u30a2\u30d7\u30ed\u30fc\u30c1\u306f\u3001\u4ee5\u4e0b\u306e\u3088\u3046\u306a\u5834\u9762\u3067\u6d3b\u7528\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n

          1. M&A\u306e\u4fa1\u683c\u4ea4\u6e09<\/h4>\n

          \u8cb7\u53ce\u5e0c\u671b\u4f01\u696d\u306e\u5e02\u5834\u4fa1\u5024\u3092\u8a55\u4fa1\u3057\u3001\u9069\u6b63\u306a\u4ea4\u6e09\u4fa1\u683c\u3092\u5c0e\u304d\u51fa\u3057\u307e\u3059\u3002<\/p>\n

          2. \u4e8b\u696d\u627f\u7d99\u306e\u6e96\u5099<\/h4>\n

          \u4e2d\u5c0f\u4f01\u696d\u306e\u5f8c\u7d99\u8005\u9078\u5b9a\u6642\u3001\u9069\u6b63\u306a\u682a\u5f0f\u4fa1\u5024\u3092\u7b97\u51fa\u3059\u308b\u305f\u3081\u306b\u6d3b\u7528\u3055\u308c\u307e\u3059\u3002<\/p>\n

          3. \u8cc7\u91d1\u8abf\u9054\u306e\u8a55\u4fa1\u57fa\u6e96<\/h4>\n

          \u8cc7\u672c\u5e02\u5834\u3067\u306e\u8cc7\u91d1\u8abf\u9054\u3092\u8a08\u753b\u3059\u308b\u969b\u3001\u6295\u8cc7\u5bb6\u306b\u5bfe\u3057\u3066\u4f01\u696d\u4fa1\u5024\u3092\u63d0\u793a\u3057\u307e\u3059\u3002<\/p>\n

          \n

          \u30de\u30fc\u30b1\u30c3\u30c8\u30a2\u30d7\u30ed\u30fc\u30c1\u306e\u6ce8\u610f\u70b9<\/h3>\n
            \n
          • \n

            \u985e\u4f3c\u4f01\u696d\u306e\u9078\u5b9a<\/strong>
            \u9069\u5207\u306a\u6bd4\u8f03\u5bfe\u8c61\u3092\u9078\u3076\u3053\u3068\u304c\u3001\u8a55\u4fa1\u306e\u7cbe\u5ea6\u3092\u5927\u304d\u304f\u5de6\u53f3\u3057\u307e\u3059\u3002<\/p>\n<\/li>\n

          • \n

            \u6307\u6a19\u306e\u9069\u7528\u7bc4\u56f2<\/strong>
            \u696d\u7a2e\u3084\u5e02\u5834\u7279\u6027\u306b\u5fdc\u3058\u3066\u3001\u9069\u5207\u306a\u8a55\u4fa1\u6307\u6a19\u3092\u9078\u629e\u3059\u308b\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<\/li>\n

          • \n

            \u4ed6\u306e\u30a2\u30d7\u30ed\u30fc\u30c1\u3068\u306e\u4f75\u7528<\/strong>
            DCF\u6cd5\uff08\u5272\u5f15\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u6cd5\uff09\u3084\u30b3\u30b9\u30c8\u30a2\u30d7\u30ed\u30fc\u30c1\u3068\u7d44\u307f\u5408\u308f\u305b\u308b\u3053\u3068\u3067\u3001\u3088\u308a\u4fe1\u983c\u6027\u306e\u9ad8\u3044\u8a55\u4fa1\u304c\u53ef\u80fd\u3067\u3059\u3002<\/p>\n<\/li>\n<\/ul>\n

            \n

            \u307e\u3068\u3081<\/h3>\n

            \u30de\u30fc\u30b1\u30c3\u30c8\u30a2\u30d7\u30ed\u30fc\u30c1\u306f\u3001M&A\u3084\u4e8b\u696d\u627f\u7d99\u306b\u304a\u3044\u3066\u91cd\u8981\u306a\u4f01\u696d\u4fa1\u5024\u8a55\u4fa1\u624b\u6cd5\u306e\u4e00\u3064\u3067\u3059\u3002\u5e02\u5834\u306e\u8a55\u4fa1\u3092\u53cd\u6620\u3059\u308b\u5ba2\u89b3\u6027\u304c\u3042\u308a\u3001\u7c21\u4fbf\u6027\u304c\u9ad8\u3044\u4e00\u65b9\u3067\u3001\u9069\u5207\u306a\u30c7\u30fc\u30bf\u9078\u5b9a\u3068\u6307\u6a19\u306e\u9069\u7528\u304c\u6c42\u3081\u3089\u308c\u307e\u3059\u3002<\/p>\n

            \u4f01\u696d\u4fa1\u5024\u8a55\u4fa1\u306f\u3001\u7d4c\u55b6\u6226\u7565\u3084\u8cc7\u91d1\u8abf\u9054\u3001\u4ea4\u6e09\u306e\u6210\u529f\u306b\u76f4\u7d50\u3059\u308b\u91cd\u8981\u306a\u30d7\u30ed\u30bb\u30b9\u3067\u3059\u3002\u5c02\u9580\u5bb6\u306e\u52a9\u8a00\u3092\u53d7\u3051\u306a\u304c\u3089\u3001\u9069\u5207\u306a\u30a2\u30d7\u30ed\u30fc\u30c1\u3092\u9078\u629e\u3059\u308b\u3053\u3068\u3092\u304a\u52e7\u3081\u3057\u307e\u3059\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"

            M&A\uff08\u4f01\u696d\u306e\u5408\u4f75\u30fb\u8cb7\u53ce\uff09\u3092\u6210\u529f\u3055\u305b\u308b\u306b\u306f\u3001\u9069\u6b63\u306a\u4f01\u696d\u4fa1\u5024\u8a55\u4fa1\u304c\u4e0d\u53ef\u6b20\u3067\u3059\u3002\u305d\u306e\u4e2d\u3067\u3082\u300c\u30de\u30fc\u30b1\u30c3\u30c8\u30a2\u30d7\u30ed\u30fc\u30c1\u300d\u306f\u3001\u4f01\u696d\u306e\u5e02\u5834\u4fa1\u5024\u3092\u8a55\u4fa1\u3059\u308b\u305f\u3081\u306b\u7528\u3044\u3089\u308c\u308b\u4ee3\u8868\u7684\u306a\u624b\u6cd5\u306e\u4e00\u3064\u3067\u3059\u3002\u672c\u8a18\u4e8b\u3067\u306f\u3001\u30de … <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1292,15],"tags":[2146,824,2331,1461,511,421,1459,2330,2329,82],"_links":{"self":[{"href":"https:\/\/rad-st.jp\/index.php?rest_route=\/wp\/v2\/posts\/3594"}],"collection":[{"href":"https:\/\/rad-st.jp\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rad-st.jp\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/rad-st.jp\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/rad-st.jp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3594"}],"version-history":[{"count":1,"href":"https:\/\/rad-st.jp\/index.php?rest_route=\/wp\/v2\/posts\/3594\/revisions"}],"predecessor-version":[{"id":3595,"href":"https:\/\/rad-st.jp\/index.php?rest_route=\/wp\/v2\/posts\/3594\/revisions\/3595"}],"wp:attachment":[{"href":"https:\/\/rad-st.jp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3594"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rad-st.jp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3594"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rad-st.jp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3594"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}