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5.MBO\u652f\u63f4
6.\u4f01\u696d\u518d\u751f\u652f\u63f4
7.\u30b3\u30fc\u30dd\u30ec\u30fc\u30c8\u30a2\u30c9\u30d0\u30a4\u30b6\u30ea\u30fc
8.\u4f01\u696d\u518d\u7de8\u652f\u63f4
9.\u8cc7\u672c\u653f\u7b56\u30fb\u7d4c\u55b6\u8a08\u753b\u30b3\u30f3\u30b5\u30eb\u30c6\u30a3\u30f3\u30b0<\/p>\n\n\n\n

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\u3010\u65e5\u672cM&A\u30bb\u30f3\u30bf\u30fc\u306e\u696d\u7e3e\u3011<\/p>\n\n\n\n

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2017\u5e743\u6708\u671f<\/td>\u7d04190\u5104\u5186<\/td>\u7d0490\u5104\u5186<\/td><\/tr>
2018\u5e743\u6708\u671f<\/td>\u7d04246\u5104\u5186<\/td>\u7d04116\u5104\u5186<\/td><\/tr>
2019\u5e743\u6708\u671f<\/td>\u7d04285\u5104\u5186<\/td>\u7d04125\u5104\u5186<\/td><\/tr>
2020\u5e743\u6708\u671f<\/td>\u7d04320\u5104\u5186<\/td>\u7d04142\u5104\u5186<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

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2020\u5e743\u6708\u671f<\/td>1353\u4e07\u5186<\/td><\/tr>
2019\u5e743\u6708\u671f<\/td>1414\u4e07\u5186<\/td><\/tr>
2018\u5e743\u6708\u671f<\/td>1320\u4e07\u5186<\/td><\/tr>
2017\u5e743\u6708\u671f<\/td>1419\u4e07\u5186<\/td><\/tr>
2016\u5e743\u6708\u671f<\/td>1237\u4e07\u5186<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

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1.\u4ed5\u4e8b\u5185\u5bb9
2.1\u4eba\u3042\u305f\u308a\u306e\u62c5\u5f53\u6848\u4ef6\u6570
3.\u30a4\u30f3\u30bb\u30f3\u30c6\u30a3\u30d6\u5236\u5ea6<\/p>\n\n\n\n

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M&A\u30b3\u30f3\u30b5\u30eb\u30bf\u30f3\u30c8<\/td>M&A\u4ef2\u4ecb\u696d\u52d9\u306a\u3069<\/td><\/tr>
M&A\u30a2\u30c9\u30d0\u30a4\u30b6\u30fc<\/td>M&A\u5b9f\u884c\u306e\u624b\u7d9a\u304d(\u30a8\u30b0\u30bc\u30ad\u30e5\u30fc\u30b7\u30e7\u30f3)\u306a\u3069<\/td><\/tr>
M&A\u30b3\u30f3\u30b7\u30a7\u30eb\u30b8\u30e5<\/td>\u4f1a\u8a08\u4e8b\u52d9\u6240\u30fb\u7a0e\u7406\u58eb\u4e8b\u52d9\u6240\u3078\u306e\u55b6\u696d\u306a\u3069<\/td><\/tr>
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1\u4eba\u3042\u305f\u308a\u306e\u62c5\u5f53\u6848\u4ef6\u6570<\/h4>\n\n\n\n

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M&A\u95a2\u9023\u306e\u4f1a\u793e\u306b\u9650\u3063\u3066\u3044\u3048\u3070\u3001\u30e9\u30f3\u30ad\u30f3\u30b01\u4f4d\u306eM&A\u30ad\u30e3\u30d4\u30bf\u30eb\u30d1\u30fc\u30c8\u30ca\u30fc\u30ba\u30013\u4f4d\u306eGCA\u306b\u6b21\u30503\u756a\u76ee<\/strong>\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n

\u3010M&A\u95a2\u9023\u4f01\u696d\u306e\u5e74\u53ce\u4e0a\u4f4d3\u793e\u3011<\/p>\n\n\n\n

\u4f1a\u793e\u540d<\/td>\u5e74\u53ce\u30e9\u30f3\u30ad\u30f3\u30b0<\/td>\u5e73\u5747\u5e74\u53ce(2019\u5e74)<\/td><\/tr>
M&A\u30ad\u30e3\u30d4\u30bf\u30eb\u30d1\u30fc\u30c8\u30ca\u30fc\u30ba<\/td>1\u4f4d<\/td>3109\u4e07\u5186<\/td><\/tr>
GCA<\/td>3\u4f4d<\/td>2063\u4e07\u5186<\/td><\/tr>
\u65e5\u672cM&A\u30bb\u30f3\u30bf\u30fc<\/td>13\u4f4d<\/td>1414\u4e07\u5186<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

\u65e5\u672cM&A\u30bb\u30f3\u30bf\u30fc\u306e\u5e74\u9f62\u30fb\u6027\u5225\u5e74\u53ce\u63a8\u79fb<\/strong><\/h2>\n\n\n\n

\u3053\u306e\u7ae0\u3067\u306f\u3001\u65e5\u672cM&A\u30bb\u30f3\u30bf\u30fc\u306e\u5e74\u9f62\u30fb\u6027\u5225\u5e74\u53ce\u63a8\u79fb\u3092\u307f\u3066\u3044\u304d\u307e\u3059\u3002<\/p>\n\n\n\n

\u65e5\u672cM&A\u30bb\u30f3\u30bf\u30fc\u306e\u5e74\u9f62\u5225\u5e74\u53ce\u63a8\u79fb<\/h3>\n\n\n\n

\u65e5\u672cM&A\u30bb\u30f3\u30bf\u30fc\u306e\u5e74\u9f62\u5225\u5e74\u53ce\u306b\u3064\u3044\u3066\u306f\u3001\u306f\u3063\u304d\u308a\u3068\u3057\u305f\u30c7\u30fc\u30bf\u304c\u3042\u308b\u308f\u3051\u3067\u306f\u306a\u3044\u306e\u3067\u3001\u3053\u3053\u3067\u306f\u7d71\u8a08\u30c7\u30fc\u30bf\u306a\u3069\u3092\u3082\u3068\u306b\u3057\u305f\u63a8\u6e2c\u3057\u3066\u3044\u304d\u307e\u3059\u3002
\u56fd\u7a0e\u5e81\u304c\u516c\u8868\u3057\u3066\u3044\u308b\u300c\u5e73\u621030\u5e74\u5206\u6c11\u9593\u7d66\u6599\u5b9f\u614b\u7d71\u8a08\u8abf\u67fb\u300d\u306b\u3088\u308b\u3068\u3001\u5168\u696d\u7a2e\u3092\u5e73\u5747\u3057\u305f\u5e74\u9f62\u5225\u306e\u5e73\u5747\u5e74\u53ce\u306f\u4e0b\u8868\u306e\u3088\u3046\u306b\u306a\u3063\u3066\u3044\u307e\u3059\u3002\u5b9f\u969b\u306e\u30c7\u30fc\u30bf\u306f5\u6b73\u523b\u307f\u3067\u3059\u304c\u3001\u5e73\u5747\u3092\u3068\u3063\u306610\u6b73\u523b\u307f\u306b\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n

\u3010\u5168\u696d\u7a2e\u3092\u5e73\u5747\u3057\u305f\u5e74\u9f62\u5225\u306e\u5e73\u5747\u5e74\u53ce\u3011<\/p>\n\n\n\n

\u5e74\u9f62<\/td>\u5e73\u5747\u5e74\u53ce<\/td>\u5168\u5e74\u9f62\u3092\u5e73\u5747\u3057\u305f\u5e74\u53ce(436\u4e07\u5186)\u306b\u5bfe\u3059\u308b\u6bd4\u7387<\/td><\/tr>
20\u4ee3<\/td>319\u4e07\u5186<\/td>0.73<\/td><\/tr>
30\u4ee3<\/td>429\u4e07\u5186<\/td>0.98<\/td><\/tr>
40\u4ee3<\/td>489\u4e07\u5186<\/td>1.12<\/td><\/tr>
50\u4ee3<\/td>525\u4e07\u5186<\/td>1.20<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

\u65e5\u672cM&A\u30bb\u30f3\u30bf\u30fc\u306e\u5b9a\u5e74\u306f60\u6b73\u3067\u3042\u308b\u305f\u3081\u300150\u4ee3\u307e\u3067\u306e\u5e74\u53ce\u3092\u8003\u3048\u308b\u3053\u3068\u306b\u3057\u307e\u3059\u3002
\u4ee4\u548c2\u5e74\u306b\u56fd\u7a0e\u5e81\u304c\u516c\u8868\u3057\u305f\u30c7\u30fc\u30bf\u306b\u3088\u308b\u3068\u3001\u5168\u5e74\u9f62\u3092\u542b\u3081\u305f\u5168\u4f53\u306e\u5e73\u5747\u5e74\u53ce\u306f436\u4e07\u5186\u3067\u3059\u3002\u307e\u305f\u300120\u4ee3\u30fb30\u4ee3\u30fb40\u4ee3\u30fb50\u4ee3\u306e\u5e73\u5747\u5e74\u53ce\u306f\u3001\u5168\u4f53\u306e\u5e73\u5747436\u4e07\u5186\u306b\u5bfe\u3057\u3066\u305d\u308c\u305e\u308c0.73\u500d\u30fb0.98\u500d\u30fb1.12\u500d\u30fb1.20\u500d\u3068\u306a\u308a\u307e\u3059\u3002
\u65e5\u672cM&A\u30bb\u30f3\u30bf\u30fc\u306e\u5e74\u9f62\u5225\u5e74\u53ce\u3082\u540c\u3058\u6bd4\u7387\u3067\u4e0a\u6607\u3059\u308b\u3068\u4eee\u5b9a\u3057\u305f\u5834\u5408\u3001\u65e5\u672cM&A\u30bb\u30f3\u30bf\u30fc\u306e\u5168\u5e74\u9f62\u3092\u542b\u3081\u305f\u5168\u4f53\u306e\u5e73\u5747\u5e74\u53ce\u306f1353\u4e07\u5186\u306a\u306e\u3067\u3001\u3053\u308c\u306b\u5148\u307b\u3069\u6c42\u3081\u305f\u500d\u7387\u3092\u639b\u3051\u308b\u3068\u3001\u65e5\u672cM&A\u30bb\u30f3\u30bf\u30fc\u306e\u5e74\u4ee3\u5225\u5e73\u5747\u5e74\u53ce\u306e\u63a8\u6e2c\u5024\u3092\u6c42\u3081\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002
\u305d\u306e\u7d50\u679c\u300120\u4ee3\u304c988\u4e07\u5186\u300130\u4ee3\u304c1326\u4e07\u5186\u300140\u4ee3\u304c1515\u4e07\u5186\u300150\u4ee3\u304c1624\u4e07\u5186<\/strong>\u3068\u3044\u3046\u306e\u304c\u63a8\u6e2c\u5024\u306b\u306a\u308a\u307e\u3059\u3002
\u3010\u65e5\u672cM&A\u30bb\u30f3\u30bf\u30fc\u306e\u5e74\u9f62\u5225\u5e74\u53ce\u63a8\u79fb\u306e\u63a8\u6e2c\u5024\u3011<\/p>\n\n\n\n

\u5e74\u9f62<\/td>\u5e74\u53ce<\/td><\/tr>
20\u4ee3<\/td>1353\u4e07\u5186\u00d70.73=988\u4e07\u5186<\/td><\/tr>
30\u4ee3<\/td>1353\u4e07\u5186\u00d70.98=1326\u4e07\u5186<\/td><\/tr>
40\u4ee3<\/td>1353\u4e07\u5186\u00d71.12=1515\u4e07\u5186<\/td><\/tr>
50\u4ee3<\/td>1353\u4e07\u5186\u00d71.20=1624\u4e07\u5186<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

\u305f\u3060\u3057\u3001\u3053\u308c\u306f\u3042\u304f\u307e\u3067\u5e73\u5747\u30c7\u30fc\u30bf\u304b\u3089\u306e\u63a8\u6e2c\u5024\u306a\u306e\u3067\u3001\u5b9f\u969b\u306e\u65e5\u672cM&A\u30bb\u30f3\u30bf\u30fc\u306e\u7d66\u4e0e\u3068\u5927\u304d\u304f\u305a\u308c\u3066\u3044\u308b\u53ef\u80fd\u6027\u3082\u3042\u308a\u307e\u3059\u3002
\u7279\u306b\u3001\u65e5\u672cM&A\u30bb\u30f3\u30bf\u30fc\u306f\u5e73\u5747\u52e4\u7d9a\u5e74\u6570\u304c\u77ed\u304f\u3001\u30a4\u30f3\u30bb\u30f3\u30c6\u30a3\u30d6\u306e\u5272\u5408\u304c\u9ad8\u3044\u306e\u3067\u3001\u5e73\u5747\u7684\u306a\u63a8\u6e2c\u5024\u304b\u3089\u5916\u308c\u3084\u3059\u3044\u8981\u7d20\u304c\u3042\u308b\u3068\u3044\u3048\u307e\u3059\u3002<\/p>\n\n\n\n

\u65e5\u672cM&A\u30bb\u30f3\u30bf\u30fc\u306e\u6027\u5225\u5e74\u53ce\u63a8\u79fb<\/h3>\n\n\n\n

\u6027\u5225\u306e\u5e74\u53ce\u63a8\u79fb\u3082\u660e\u78ba\u306a\u30c7\u30fc\u30bf\u304c\u306a\u3044\u305f\u3081\u3001\u5e73\u5747\u304b\u3089\u63a8\u6e2c\u3057\u3066\u3044\u304d\u307e\u3059\u3002\u8ee2\u8077\u30b5\u30a4\u30c8\u300cdoda\u300d\u306b\u3088\u308b\u3068\u3001\u5168\u696d\u7a2e\u542b\u3081\u305f\u5168\u4f53\u306e\u7537\u5973\u5225\u5e73\u5747\u5e74\u53ce\u306f\u4ee5\u4e0b\u306e\u3068\u304a\u308a\u3067\u3059\u3002<\/p>\n\n\n\n

\u3010\u5168\u696d\u7a2e\u542b\u3081\u305f\u5168\u4f53\u306e\u7537\u5973\u5225\u5e73\u5747\u5e74\u53ce\u3011<\/p>\n\n\n\n

\u5e74\u4ee3<\/td>\u7537\u6027\u306e\u5e73\u5747\u5e74\u53ce<\/td>\u5973\u6027\u306e\u5e73\u5747\u5e74\u53ce<\/td>\u5973\u6027\u306e\u5e74\u53ce\u00f7\u7537\u6027\u306e\u5e74\u53ce<\/td><\/tr>
20\u4ee3<\/td>369\u4e07\u5186<\/td>319\u4e07\u5186<\/td>0.86<\/td><\/tr>
30\u4ee3<\/td>481\u4e07\u5186<\/td>375\u4e07\u5186<\/td>0.78<\/td><\/tr>
40\u4ee3<\/td>567\u4e07\u5186<\/td>401\u4e07\u5186<\/td>0.71<\/td><\/tr>
50\u4ee3<\/td>671\u4e07\u5186<\/td>428\u4e07\u5186<\/td>0.64<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

\u3053\u308c\u3089\u306e\u5e73\u5747\u5e74\u53ce\u304b\u3089\u7537\u5973\u6bd4(\u5973\u6027\u306e\u5e74\u53ce\u00f7\u7537\u6027\u306e\u5e74\u53ce)\u3092\u6c42\u3081\u308b\u3068\u300120\u4ee3\u304c0.86\u300130\u4ee3\u304c0.78\u300140\u4ee3\u304c0.71\u300150\u4ee3\u304c0.64\u3068\u306a\u308a\u307e\u3059\u3002\u65e5\u672cM&A\u30bb\u30f3\u30bf\u30fc\u306e\u6027\u5225\u5e74\u53ce\u3082\u3001\u3053\u306e\u6bd4\u7387\u306b\u5f93\u3046\u3068\u4eee\u5b9a\u3057\u3066\u8003\u3048\u308b\u3053\u3068\u306b\u3057\u307e\u3059\u3002
\u5f93\u696d\u54e1\u6570\u306e\u7537\u5973\u6bd4\u304c\u7537\u60279\uff1a\u5973\u60271\u3068\u4eee\u5b9a\u3057\u3001\u5148\u307b\u3069\u6c42\u3081\u305f\u5e74\u53ce\u306e\u7537\u5973\u6bd4\u3068\u3001\u524d\u7bc0\u3067\u6c42\u3081\u305f\u5e74\u9f62\u5225\u5e74\u53ce\u63a8\u79fb\u306e\u63a8\u6e2c\u5024\u3092\u4f7f\u3046\u3068\u3001\u65e5\u672cM&A\u30bb\u30f3\u30bf\u30fc\u306e\u6027\u5225\u5e74\u53ce\u63a8\u79fb\u306e\u63a8\u6e2c\u5024\u306f\u4ee5\u4e0b\u306e\u3088\u3046\u306b\u306a\u308a\u307e\u3059\u3002
20\u4ee3\u304c\u7537\u60271002\u4e07\u5186\u30fb\u5973\u6027862\u4e07\u5186\u300130\u4ee3\u304c\u7537\u60271356\u4e07\u5186\u30fb\u5973\u60271,058\u4e07\u5186\u300140\u4ee3\u304c\u7537\u60271560\u4e07\u5186\u30fb\u5973\u60271108\u4e07\u5186\u300150\u4ee3\u304c\u7537\u60271685\u4e07\u5186\u30fb\u5973\u60271078\u4e07\u5186<\/strong>\u3067\u3059\u3002<\/p>\n\n\n\n

\u3010\u65e5\u672cM&A\u30bb\u30f3\u30bf\u30fc\u306e\u6027\u5225\u5e74\u53ce\u63a8\u79fb\u306e\u63a8\u6e2c\u5024\u3011<\/p>\n\n\n\n

\u5e74\u4ee3<\/td>\u7537\u6027\u306e\u5e74\u53ce<\/td>\u5973\u6027\u306e\u5e74\u53ce<\/td><\/tr>
20\u4ee3<\/td>1002\u4e07\u5186<\/td>862\u4e07\u5186<\/td><\/tr>
30\u4ee3<\/td>1356\u4e07\u5186<\/td>1058\u4e07\u5186<\/td><\/tr>
40\u4ee3<\/td>1560\u4e07\u5186<\/td>1108\u4e07\u5186<\/td><\/tr>
50\u4ee3<\/td>1685\u4e07\u5186<\/td>1078\u4e07\u5186<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

\u305f\u3060\u3057\u3053\u308c\u306f\u3042\u304f\u307e\u3067\u5e73\u5747\u30c7\u30fc\u30bf\u3092\u7528\u3044\u305f\u63a8\u6e2c\u5024\u3067\u3042\u308b\u305f\u3081\u3001\u5b9f\u969b\u306e\u6027\u5225\u5e74\u53ce\u63a8\u79fb\u306f\u5927\u304d\u304f\u7570\u306a\u308b\u53ef\u80fd\u6027\u3082\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n

\u65e5\u672cM&A\u30bb\u30f3\u30bf\u30fc\u306e\u5b66\u6b74\u5225\u521d\u4efb\u7d66\u30fb\u7d4c\u6b74\u5225\u7d66\u6599<\/strong><\/h2>\n\n\n\n

\u65e5\u672cM&A\u30bb\u30f3\u30bf\u30fc\u306e\u63a1\u7528\u60c5\u5831\u3092\u307f\u308b\u3068\u3001\u521d\u5e74\u5ea6\u306e\u60f3\u5b9a\u5e74\u53ce\u306b\u304b\u306a\u308a\u5e45\u304c\u3042\u308b\u3053\u3068\u304c\u5206\u304b\u308a\u307e\u3059\u3002\u3053\u308c\u306f\u3001\u30a4\u30f3\u30bb\u30f3\u30c6\u30a3\u30d6\u306b\u3088\u308b\u3068\u3053\u308d\u3082\u5927\u304d\u3044\u3067\u3059\u304c\u3001\u5b66\u6b74\u3084\u524d\u8077\u306e\u7d4c\u6b74\u306a\u3069\u3082\u5f71\u97ff\u3057\u3066\u3044\u308b\u3082\u306e\u3068\u8003\u3048\u3089\u308c\u307e\u3059\u3002
\u3067\u306f\u3001\u65e5\u672cM&A\u30bb\u30f3\u30bf\u30fc\u306e\u5b66\u6b74\u5225\u521d\u4efb\u7d66\u3001\u7d4c\u6b74\u5225\u7d66\u6599\u306f\u3044\u304f\u3089\u306b\u306a\u3063\u3066\u3044\u308b\u306e\u3067\u3057\u3087\u3046\u304b\u3002<\/p>\n\n\n\n

\u5b66\u6b74\u5225\u521d\u4efb\u7d66<\/h3>\n\n\n\n

\u65e5\u672cM&A\u30bb\u30f3\u30bf\u30fc\u306e\u521d\u4efb\u7d66\u306f\u3001\u5927\u5352\u304c28\u4e07\u5186\u3001\u5927\u5b66\u9662\u5352\u304c29\u4e07\u5186<\/strong>\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002\u3042\u307e\u308a\u5dee\u306f\u3042\u308a\u307e\u305b\u3093\u304c\u3001\u5927\u5b66\u9662\u5352\u306e\u307b\u3046\u304c\u3084\u3084\u9ad8\u304f\u306a\u3063\u3066\u3044\u307e\u3059\u3002\u307e\u305f\u3001\u5b9f\u969b\u306b\u306f\u3053\u308c\u306b\u30dc\u30fc\u30ca\u30b9\u3084\u30a4\u30f3\u30bb\u30f3\u30c6\u30a3\u30d6\u304c\u3064\u304d\u307e\u3059\u3002<\/p>\n\n\n\n

\u7d4c\u6b74\u5225\u7d66\u6599<\/h3>\n\n\n\n

\u65e5\u672cM&A\u30bb\u30f3\u30bf\u30fc\u306e\u63a1\u7528\u60c5\u5831\u3092\u307f\u308b\u3068\u3001\u4e2d\u9014\u63a1\u7528\u3067\u306f\u524d\u8077\u306e\u7d4c\u6b74\u3084\u53ce\u5165\u3092\u8003\u616e\u3057\u3066\u3001\u521d\u5e74\u5ea6\u306e\u5e74\u53ce\u3092\u6c7a\u5b9a\u3059\u308b<\/strong>\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002
\u5177\u4f53\u7684\u306b\u3069\u306e\u3088\u3046\u306a\u7d4c\u6b74\u304c\u3042\u308c\u3070\u3044\u304f\u3089\u306b\u306a\u308b\u304b\u306f\u660e\u8a18\u3055\u308c\u3066\u3044\u307e\u305b\u3093\u304c\u3001\u4f8b\u3048\u3070\u4f1a\u8a08\u58eb\u3084\u7a0e\u7406\u58eb\u3068\u3044\u3063\u305fM&A\u696d\u52d9\u306b\u95a2\u9023\u304c\u3042\u308b\u7d4c\u6b74\u304c\u3042\u308c\u3070\u3001\u521d\u5e74\u5ea6\u306e\u5e74\u53ce\u304c\u9ad8\u304f\u306a\u308b\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n

\u65e5\u672cM&A\u30bb\u30f3\u30bf\u30fc\u306e\u4e3b\u4efb\u30fb\u4fc2\u9577\u30fb\u8ab2\u9577\u30fb\u90e8\u9577\u5225\u5e74\u53ce<\/strong><\/h2>\n\n\n\n

\u65e5\u672cM&A\u30bb\u30f3\u30bf\u30fc\u306f\u30a4\u30f3\u30bb\u30f3\u30c6\u30a3\u30d6\u3092\u91cd\u8996\u3057\u305f\u5b9f\u529b\u4e3b\u7fa9\u306e\u5831\u916c\u4f53\u7cfb\u3067\u3042\u308a\u3001\u5e73\u5747\u52e4\u7d9a\u5e74\u6570\u3082\u77ed\u3044\u3053\u3068\u304b\u3089\u3001\u5165\u793e\u3057\u3066\u6d45\u3044\u6642\u671f\u304b\u3089\u9ad8\u7d66\u3092\u76ee\u6307\u3057\u3066\u3044\u308b\u4eba\u3082\u591a\u3044\u3068\u8003\u3048\u3089\u308c\u307e\u3059\u3002
\u3057\u304b\u3057\u3001\u65e5\u672cM&A\u30bb\u30f3\u30bf\u30fc\u3067\u9577\u304f\u50cd\u3053\u3046\u3092\u601d\u3063\u3066\u3044\u308b\u4eba\u306f\u3001\u8ab2\u9577\u30fb\u90e8\u9577\u3068\u6607\u9032\u3057\u305f\u6642\u306b\u5e74\u53ce\u304c\u3069\u308c\u304f\u3089\u3044\u5897\u3048\u308b\u304b\u3082\u6c17\u306b\u306a\u308b\u3068\u3053\u308d\u3067\u3057\u3087\u3046\u3002
\u3053\u306e\u7ae0\u3067\u306f\u3001\u65e5\u672cM&A\u30bb\u30f3\u30bf\u30fc\u306e\u4e3b\u4efb\u30fb\u4fc2\u9577\u30fb\u8ab2\u9577\u30fb\u90e8\u9577\u3068\u3044\u3063\u305f\u5f79\u8077\u5225\u306e\u5e74\u53ce\u306b\u3064\u3044\u3066\u8003\u3048\u3066\u3044\u304d\u307e\u3059\u3002<\/p>\n\n\n\n

\u5e74\u53ce<\/h3>\n\n\n\n

\u65e5\u672cM&A\u30bb\u30f3\u30bf\u30fc\u306e\u4e3b\u4efb\u30fb\u4fc2\u9577\u30fb\u8ab2\u9577\u30fb\u90e8\u9577\u5225\u5e74\u53ce\u306b\u3064\u3044\u3066\u3001\u306f\u3063\u304d\u308a\u3057\u305f\u30c7\u30fc\u30bf\u306f\u306a\u3044\u306e\u3067\u3001\u5927\u307e\u304b\u306a\u63a8\u6e2c\u3057\u304b\u3067\u304d\u307e\u305b\u3093\u3002
\u539a\u751f\u52b4\u50cd\u7701\u304c\u5f79\u8077\u5225\u306e\u5e73\u5747\u8cc3\u91d1\u30c7\u30fc\u30bf\u3092\u3068\u3063\u3066\u3044\u308b\u306e\u3067\u3001\u305d\u3053\u304b\u3089\u63a8\u6e2c\u3057\u3066\u3044\u304f\u3053\u3068\u306b\u3057\u307e\u3059\u3002
\u539a\u751f\u52b4\u50cd\u7701\u306e\u300c\u4ee4\u548c\u5143\u5e74\u8cc3\u91d1\u69cb\u9020\u57fa\u672c\u7d71\u8a08\u8abf\u67fb\u300d\u306e\u300c\u5f79\u8077\u5225\u306b\u307f\u305f\u8cc3\u91d1\u300d\u306b\u3088\u308b\u3068\u3001\u975e\u5f79\u8077\u8005\u30fb\u4fc2\u9577\u7d1a\u30fb\u8ab2\u9577\u7d1a\u30fb\u90e8\u9577\u7d1a\u306e\u5e73\u5747\u5e74\u53ce\u306f\u4e0b\u8868\u306e\u3088\u3046\u306b\u306a\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n

\u3010\u5f79\u8077\u5225\u306e\u8cc3\u91d1(\u7537\u6027)\u3011<\/p>\n\n\n\n

\u5f79\u8077<\/td>\u5f79\u8077\u5225\u5e73\u5747\u5e74\u53ce<\/td>\u5168\u4f53\u306e\u5e73\u5747\u5e74\u53ce(436\u4e07\u5186)\u306b\u5bfe\u3059\u308b\u500d\u7387<\/td><\/tr>
\u975e\u5f79\u8077\u8005<\/td>377\u4e07\u5186<\/td>0.86<\/td><\/tr>
\u4fc2\u9577\u7d1a<\/td>486\u4e07\u5186<\/td>1.11<\/td><\/tr>
\u8ab2\u9577\u7d1a<\/td>638\u4e07\u5186<\/td>1.46<\/td><\/tr>
\u90e8\u9577\u7d1a<\/td>800\u4e07\u5186<\/td>1.83<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

\u5b9f\u969b\u306e\u30c7\u30fc\u30bf\u306f\u7537\u6027\u3068\u5973\u6027\u306b\u5206\u304b\u308c\u3066\u3044\u307e\u3059\u304c\u3001\u65e5\u672cM&A\u30bb\u30f3\u30bf\u30fc\u306e\u793e\u54e1\u306f\u7537\u6027\u304c\u591a\u3044\u3068\u8003\u3048\u3089\u308c\u308b\u306e\u3067\u3001\u3053\u3053\u3067\u306f\u7537\u6027\u306e\u30c7\u30fc\u30bf\u3092\u63a1\u7528\u3057\u307e\u3059\u3002
\u4ee4\u548c2\u5e74\u306b\u56fd\u7a0e\u5e81\u304c\u516c\u8868\u3057\u305f\u30c7\u30fc\u30bf\u306b\u3088\u308b\u3068\u3001\u5168\u5f79\u8077\u3092\u542b\u3081\u305f\u5168\u4f53\u306e\u5e73\u5747\u5e74\u53ce\u306f436\u4e07\u5186\u3067\u3059\u3002
\u975e\u5f79\u8077\u8005\u30fb\u4fc2\u9577\u7d1a\u30fb\u8ab2\u9577\u7d1a\u30fb\u90e8\u9577\u7d1a\u306e\u5e73\u5747\u5e74\u53ce\u306f\u3001\u5168\u4f53\u306e\u5e73\u5747\u5e74\u53ce\u306b\u5bfe\u3057\u3066\u305d\u308c\u305e\u308c0.86\u500d\u30fb1.11\u500d\u30fb1.46\u500d\u30fb1.83\u500d\u3068\u306a\u308b\u306e\u3067\u3001\u65e5\u672cM&A\u30bb\u30f3\u30bf\u30fc\u306e\u5f79\u8077\u5225\u5e74\u53ce\u3082\u3001\u540c\u3058\u6bd4\u7387\u306b\u5f93\u3046\u3068\u4eee\u5b9a\u3057\u3066\u8003\u3048\u307f\u307e\u3059\u3002
\u65e5\u672cM&A\u30bb\u30f3\u30bf\u30fc\u306e\u5168\u5f79\u8077\u3092\u542b\u3081\u305f\u5168\u4f53\u306e\u5e73\u5747\u5e74\u53ce\u306f1,353\u4e07\u5186\u306a\u306e\u3067\u3001\u3053\u308c\u306b\u5148\u307b\u3069\u7b97\u51fa\u3057\u305f\u500d\u7387\u3092\u639b\u3051\u308b\u3068\u3001\u65e5\u672cM&A\u30bb\u30f3\u30bf\u30fc\u306e\u5f79\u8077\u5225\u5e73\u5747\u5e74\u53ce\u306e\u63a8\u6e2c\u5024\u3092\u6c42\u3081\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002
\u63a8\u6e2c\u5024\u306f\u3001\u975e\u5f79\u8077\u8005\u304c1164\u4e07\u5186\u3001\u4fc2\u9577\u7d1a\u304c1502\u4e07\u5186\u3001\u8ab2\u9577\u7d1a\u304c1975\u4e07\u5186\u3001\u90e8\u9577\u7d1a\u304c2476\u4e07\u5186<\/strong>\u3067\u3059\u3002<\/p>\n\n\n\n

\u3010\u65e5\u672cM&A\u30bb\u30f3\u30bf\u30fc\u306e\u5f79\u8077\u5225\u5e74\u53ce\u306e\u63a8\u6e2c\u5024\u3011<\/p>\n\n\n\n

\u5f79\u8077<\/td>\u5e74\u53ce\u306e\u63a8\u6e2c\u5024<\/td><\/tr>
\u975e\u5f79\u8077\u8005<\/td>1353\u4e07\u5186\u00d70.86=1164\u4e07\u5186<\/td><\/tr>
\u4fc2\u9577\u7d1a<\/td>1353\u4e07\u5186\u00d71.11=1502\u4e07\u5186<\/td><\/tr>
\u8ab2\u9577\u7d1a<\/td>1353\u4e07\u5186\u00d71.46=1975\u4e07\u5186<\/td><\/tr>
\u90e8\u9577\u7d1a<\/td>1,353\u4e07\u5186\u00d71.83=2476\u4e07\u5186<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

\u305f\u3060\u3057\u3001\u3053\u308c\u306f\u3042\u304f\u307e\u3067\u5e73\u5747\u5e74\u53ce\u306e\u30c7\u30fc\u30bf\u3092\u7528\u3044\u305f\u63a8\u6e2c\u5024\u3067\u3042\u308b\u305f\u3081\u3001\u5b9f\u969b\u306b\u65e5\u672cM&A\u30bb\u30f3\u30bf\u30fc\u3067\u652f\u6255\u308f\u308c\u3066\u3044\u308b\u5e74\u53ce\u3068\u5927\u304d\u304f\u9055\u3046\u53ef\u80fd\u6027\u3082\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n

\u30dc\u30fc\u30ca\u30b9<\/h3>\n\n\n\n

\u8ee2\u8077\u60c5\u5831\u30b5\u30a4\u30c8\u300copenwork\u300d\u306b\u6295\u7a3f\u3055\u308c\u3066\u3044\u308b\u53e3\u30b3\u30df\u3092\u307f\u308b\u3068\u3001\u65e5\u672cM&A\u30bb\u30f3\u30bf\u30fc\u306e\u30dc\u30fc\u30ca\u30b9\u306f\u3001\u5e742\u56de\u3067\u54041\u304b\u6708\u5206<\/strong>\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002
\u524d\u7bc0\u3067\u7b97\u51fa\u3057\u305f\u5e74\u53ce\u306e\u63a8\u6e2c\u5024\u304c\u3001\u6708\u7d6612\u304b\u6708\u5206\u3068\u30dc\u30fc\u30ca\u30b92\u304b\u6708\u5206\u3067\u652f\u6255\u308f\u308c\u3066\u3044\u308b\u3068\u3059\u308b\u3068\u3001\u5f79\u8077\u3054\u3068\u306e\u30dc\u30fc\u30ca\u30b9\u306e\u63a8\u6e2c\u5024\u306f\u3001\u975e\u5f79\u8077\u8005\u304c166\u4e07\u5186\u3001\u4fc2\u9577\u7d1a\u304c215\u4e07\u5186\u3001\u8ab2\u9577\u7d1a\u304c282\u4e07\u5186\u3001\u90e8\u9577\u7d1a\u304c354\u4e07\u5186<\/strong>\u3068\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n

\u3010\u65e5\u672cM&A\u30bb\u30f3\u30bf\u30fc\u306e\u5f79\u8077\u5225\u30dc\u30fc\u30ca\u30b9\u63a8\u6e2c\u5024\u3011<\/p>\n\n\n\n

\u5f79\u8077<\/td>\u30dc\u30fc\u30ca\u30b9\u306e\u63a8\u6e2c\u5024(\u5e74)<\/td><\/tr>
\u975e\u5f79\u8077\u8005<\/td>166\u4e07\u5186<\/td><\/tr>
\u4fc2\u9577\u7d1a<\/td>215\u4e07\u5186<\/td><\/tr>
\u8ab2\u9577\u7d1a<\/td>282\u4e07\u5186<\/td><\/tr>
\u90e8\u9577\u7d1a<\/td>354\u4e07\u5186<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

\u305f\u3060\u3057\u3001\u3042\u304f\u307e\u3067\u3082\u63a8\u6e2c\u5024\u3067\u3042\u308b\u305f\u3081\u3001\u5b9f\u969b\u306e\u30dc\u30fc\u30ca\u30b9\u984d\u3068\u5927\u304d\u304f\u9055\u3046\u53ef\u80fd\u6027\u3082\u3042\u308a\u307e\u3059\u3002\u7279\u306b\u3001\u65e5\u672cM&A\u30bb\u30f3\u30bf\u30fc\u306e\u7d66\u4e0e\u306f\u30a4\u30f3\u30bb\u30f3\u30c6\u30a3\u30d6\u304c\u3042\u308b\u306e\u3067\u3001\u3053\u308c\u3092\u8003\u616e\u3059\u308b\u3068\u30dc\u30fc\u30ca\u30b9\u306e\u63a8\u6e2c\u5024\u304c\u4e0b\u304c\u308b\u3068\u8003\u3048\u3089\u308c\u307e\u3059\u3002
\u307e\u305f\u3001\u8ee2\u8077\u30b5\u30a4\u30c8\u300copenwork\u300d\u306e\u53e3\u30b3\u30df\u306b\u6295\u7a3f\u3055\u308c\u3066\u3044\u308b\u30dc\u30fc\u30ca\u30b9\u984d\u306f\u4ee5\u4e0b\u306e\u3088\u3046\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n

\u3010\u65e5\u672cM&A\u30bb\u30f3\u30bf\u30fc\u306e\u30dc\u30fc\u30ca\u30b9\u306e\u4f8b(\u53e3\u30b3\u30df)\u3011<\/p>\n\n\n\n

\u8077\u7a2e\u7b49<\/td>\u5e74\u53ce<\/td>\u57fa\u672c\u7d66(\u6708)<\/td>\u30dc\u30fc\u30ca\u30b9(\u5e74)<\/td><\/tr>
\u55b6\u696d\u30fb\u5728\u7c4d3\u5e74\u672a\u6e80<\/td>1000\u4e07\u5186<\/td>40\u4e07\u5186<\/td>80\u4e07\u5186<\/td><\/tr>
\u55b6\u696d\u30fb\u5728\u7c4d3\u5e74\u672a\u6e80<\/td>900\u4e07\u5186<\/td>60\u4e07\u5186<\/td>140\u4e07\u5186<\/td><\/tr>
M&A\u30b3\u30f3\u30b5\u30eb\u30bf\u30f3\u30c8\u30fb\u5728\u7c4d3\u5e74\u672a\u6e80<\/td>1500\u4e07\u5186<\/td>35\u4e07\u5186<\/td>70\u4e07\u5186<\/td><\/tr>
\u55b6\u696d\u30fb\u5728\u7c4d3\u5e74\u672a\u6e80<\/td>550\u4e07\u5186<\/td>35\u4e07\u5186<\/td>130\u4e07\u5186<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

\u3053\u308c\u3089\u306e\u53e3\u30b3\u30df\u3092\u898b\u308b\u3068\u3001\u5fc5\u305a\u3057\u3082\u30dc\u30fc\u30ca\u30b9\u304c\u57fa\u672c\u7d66\u306e2\u304b\u6708\u5206\u3067\u306a\u3044\u4f8b\u3082\u3042\u308a\u307e\u3059<\/strong>\u3002\u307e\u305f\u3001\u5e74\u53ce\u3068\u57fa\u672c\u7d66\u306e\u95a2\u4fc2\u304b\u3089\u3001\u30a4\u30f3\u30bb\u30f3\u30c6\u30a3\u30d6\u304c\u591a\u304f\u652f\u6255\u308f\u308c\u3066\u3044\u308b\u3068\u8003\u3048\u3089\u308c\u308b\u4f8b\u3082\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n

\u65e5\u672cM&A\u30bb\u30f3\u30bf\u30fc\u306e\u751f\u6daf\u5e74\u53ce<\/strong><\/h2>\n\n\n\n

\u65e5\u672cM&A\u30bb\u30f3\u30bf\u30fc\u306e\u5e73\u5747\u5e74\u53ce\u306f1353\u4e07\u5186\u3001\u5fdc\u52df\u8cc7\u683c\u306f\u5927\u5352\u4ee5\u4e0a\u3001\u5b9a\u5e74\u306f60\u6b73\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002
\u3082\u3057\u5927\u5352\u306723\u6b73\u304b\u308960\u6b73\u307e\u306737\u5e74\u50cd\u3044\u305f\u3068\u3057\u3066\u3001\u5358\u7d14\u306b\u5e73\u5747\u5e74\u53ce\u309237\u500d\u3059\u308b\u3068\u3001\u65e5\u672cM&A\u30bb\u30f3\u30bf\u30fc\u306e\u751f\u6daf\u5e74\u53ce\u306f5\u510461\u4e07\u5186<\/strong>\u3068\u306a\u308a\u307e\u3059\u3002
\u4e00\u822c\u306b\u751f\u6daf\u53ce\u5165\u306e\u5e73\u5747\u306f\u7d042\u5104\u5186\u304b\u30893\u5104\u5186\u3068\u3044\u308f\u308c\u3066\u3044\u308b\u306e\u3067\u3001\u65e5\u672cM&A\u30bb\u30f3\u30bf\u30fc\u3067\u306f\u5e73\u5747\u3088\u308a\u304b\u306a\u308a\u9ad8\u3044\u751f\u6daf\u53ce\u5165\u3092\u5f97\u308b\u3053\u3068\u304c\u53ef\u80fd\u3060\u3068\u3044\u3048\u307e\u3059\u3002<\/p>\n\n\n\n

\u65e5\u672cM&A\u30bb\u30f3\u30bf\u30fc\u306e\u798f\u5229\u539a\u751f<\/strong><\/h2>\n\n\n\n

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\"\"<\/figure>\n\n\n\n

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 \u65e5\u672cM&A\u30bb\u30f3\u30bf\u30fc\u306e\u793e\u54e1\u53e3\u30b3\u30df\u2464<\/h3>\n\n\n\n

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1.M&A\u696d\u754c\u7279\u5316\u306e\u8ee2\u8077\u30a8\u30fc\u30b8\u30a7\u30f3\u30c8\u306b\u4f9d\u983c\u3059\u308b
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<\/strong>\u30bd\u30fc\u30b7\u30f3\u30b0\u30fb\u30d6\u30e9\u30b6\u30fc\u30ba\u306e\u9069\u6027\u8a3a\u65ad\u306e\u7d50\u679c\u3001\u9ad8\u3044\u9069\u6027\u304c\u3042\u308b\u3068\u8a3a\u65ad\u3055\u308c\u305f\u5834\u5408\u3001\u66f8\u985e\u9078\u8003\u30d1\u30b9\u306a\u3069\u306e\u7279\u5225\u9078\u8003\u30d5\u30ed\u30fc\u3092\u53d7\u3051\u308b\u3053\u3068\u3082\u3067\u304d\u307e\u3059\u3002<\/strong>\u66f8\u985e\u9078\u8003\u3067\u843d\u3068\u3055\u308c\u308b\u3053\u3068\u3082\u591a\u3044\u305f\u3081\u3001\u5927\u304d\u306a\u30e1\u30ea\u30c3\u30c8\u3068\u3044\u3048\u307e\u3059\u3002
\u30bd\u30fc\u30b7\u30f3\u30b0\u30fb\u30d6\u30e9\u30b6\u30fc\u30ba\u682a\u5f0f\u4f1a\u793e | M&A\u696d\u754c\u3078\u306e\u8ee2\u8077\u30b3\u30f3\u30b5\u30eb\u30c7\u30a3\u30f3\u30b0No.1<\/a><\/p>\n\n\n\n

\u304a\u3059\u3059\u3081\u306e\u30a8\u30fc\u30b8\u30a7\u30f3\u30c8\uff1a\u2461\u30a8\u30eb\u30ad\u30e3\u30ea<\/h4>\n\n\n\n

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\u30a2\u30af\u30b7\u30b9\u30b3\u30f3\u30b5\u30eb\u30c6\u30a3\u30f3\u30b0\u306f\u3001\u30b3\u30f3\u30b5\u30eb\u30bf\u30f3\u30c8\u306e\u305f\u3081\u306e\u8ee2\u8077\u30a8\u30fc\u30b8\u30a7\u30f3\u30c8<\/strong>\u3067\u3001M&A\u30b3\u30f3\u30b5\u30eb\u30bf\u30f3\u30c8\u3078\u306e\u8ee2\u8077\u3092\u76ee\u6307\u3059\u65b9\u306b\u304a\u3059\u3059\u3081\u3067\u3059\u300217\u5e74\u9593\u30675000\u4eba\u306e\u30b3\u30f3\u30b5\u30eb\u30bf\u30f3\u30c8\u3092\u652f\u63f4\u3057\u3066\u304d\u305f\u5b9f\u7e3e\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n

\u8ee2\u8077\u30b5\u30a4\u30c8\u306b\u767b\u9332\u3059\u308b<\/h3>\n\n\n\n

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\u57fa\u672c\u7684\u306b\u306f\u6848\u4ef6\u304c\u8c4a\u5bcc\u306a\u5927\u624b\u30b5\u30a4\u30c8\u306b\u767b\u9332\u3059\u308b\u306e\u304c\u3088\u3044\u3067\u3059\u304c\u3001M&A\u7279\u5316\u578b\u30a8\u30fc\u30b8\u30a7\u30f3\u30c8\u306b\u3088\u308b\u63a1\u7528\u60c5\u5831\u306f\u975e\u516c\u958b\u6848\u4ef6\u3082\u3042\u308b<\/strong>\u306e\u3067\u3001\u5927\u624b\u30b5\u30a4\u30c8\u306b\u306a\u3044\u60c5\u5831\u3092\u5f97\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002<\/p>\n\n\n\n

\u30ea\u30d5\u30a1\u30e9\u30eb\u63a1\u7528\u3092\u72d9\u3046<\/h3>\n\n\n\n

\u65e5\u672cM&A\u30bb\u30f3\u30bf\u30fc\u306b\u77e5\u4eba\u304c\u3044\u308b\u5834\u5408\u306f\u3001\u30ea\u30d5\u30a1\u30e9\u30eb\u63a1\u7528\u3092\u72d9\u3046\u3053\u3068\u3082\u3067\u304d\u307e\u3059\u3002\u305f\u3060\u3057\u3001\u65e5\u672cM&A\u30bb\u30f3\u30bf\u30fc\u304c\u30ea\u30d5\u30a1\u30e9\u30eb\u63a1\u7528\u3092\u884c\u3063\u3066\u3044\u308b\u304b\u306f\u4e0d\u660e\u306a\u306e\u3067\u3001\u3042\u304f\u307e\u3067\u526f\u6b21\u7684\u306a\u9078\u629e\u80a2\u3068\u8003\u3048\u3066\u304a\u304f\u3079\u304d\u3067\u3059\u3002<\/p>\n\n\n\n

\u65e5\u672cM&A\u30bb\u30f3\u30bf\u30fc\u306e\u5e74\u53ce\u60c5\u5831\u307e\u3068\u3081<\/strong><\/h2>\n\n\n\n

\u672c\u8a18\u4e8b\u3067\u306f\u65e5\u672cM&A\u30bb\u30f3\u30bf\u30fc\u306e\u5e74\u53ce\u60c5\u5831\u306b\u3064\u3044\u3066\u89e3\u8aac\u3057\u307e\u3057\u305f\u3002\u65e5\u672cM&A\u30bb\u30f3\u30bf\u30fc\u306f\u5e73\u5747\u5e74\u53ce1353\u4e07\u5186\u3068\u3044\u3046\u9ad8\u5e74\u53ce\u3092\u5b9f\u73fe\u3057\u3066\u304a\u308a\u3001\u4e0a\u5834\u4f01\u696d\u5168\u4f53\u306713\u4f4d\u3001M&A\u696d\u754c\u3067\u306f3\u4f4d\u306e\u5e74\u53ce\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n

\u3010\u65e5\u672cM&A\u30bb\u30f3\u30bf\u30fc\u306e\u5e73\u5747\u5e74\u53ce\u306e\u63a8\u79fb\u3011<\/p>\n\n\n\n

\u5e74\u5ea6<\/td>\u5e73\u5747\u5e74\u53ce<\/td><\/tr>
2020\u5e743\u6708\u671f<\/td>1353\u4e07\u5186<\/td><\/tr>
2019\u5e743\u6708\u671f<\/td>1414\u4e07\u5186<\/td><\/tr>
2018\u5e743\u6708\u671f<\/td>1320\u4e07\u5186<\/td><\/tr>
2017\u5e743\u6708\u671f<\/td>1419\u4e07\u5186<\/td><\/tr>
2016\u5e743\u6708\u671f<\/td>1237\u4e07\u5186<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

\u3010\u65e5\u672cM&A\u30bb\u30f3\u30bf\u30fc\u306e\u5e73\u5747\u5e74\u53ce\u304c\u9ad8\u3044\u7406\u7531\u3011
1.\u4ed5\u4e8b\u5185\u5bb9
2.1\u4eba\u3042\u305f\u308a\u306e\u62c5\u5f53\u6848\u4ef6\u6570
3.\u30a4\u30f3\u30bb\u30f3\u30c6\u30a3\u30d6\u5236\u5ea6<\/p>\n\n\n\n

\u3010\u65e5\u672cM&A\u30bb\u30f3\u30bf\u30fc\u306e\u5404\u8077\u7a2e\u306e\u4ed5\u4e8b\u5185\u5bb9\u3011<\/p>\n\n\n\n

\u8077\u7a2e<\/td>\u4ed5\u4e8b\u5185\u5bb9<\/td><\/tr>
M&A\u30b3\u30f3\u30b5\u30eb\u30bf\u30f3\u30c8<\/td>M&A\u4ef2\u4ecb\u696d\u52d9\u306a\u3069<\/td><\/tr>
M&A\u30a2\u30c9\u30d0\u30a4\u30b6\u30fc<\/td>M&A\u5b9f\u884c\u306e\u624b\u7d9a\u304d(\u30a8\u30b0\u30bc\u30ad\u30e5\u30fc\u30b7\u30e7\u30f3)\u306a\u3069<\/td><\/tr>
M&A\u30b3\u30f3\u30b7\u30a7\u30eb\u30b8\u30e5<\/td>\u4f1a\u8a08\u4e8b\u52d9\u6240\u30fb\u7a0e\u7406\u58eb\u4e8b\u52d9\u6240\u3078\u306e\u55b6\u696d\u306a\u3069<\/td><\/tr>
\u30b3\u30fc\u30dd\u30ec\u30fc\u30c8\u30a2\u30c9\u30d0\u30a4\u30b6\u30fc<\/td>\u4f01\u696d\u4fa1\u5024\u8a55\u4fa1\u30fb\u8ca1\u52d9\u8a55\u4fa1\u30fb\u30b9\u30ad\u30fc\u30e0\u6848\u4f5c\u6210\u306a\u3069<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

\u3010M&A\u95a2\u9023\u4f01\u696d\u306e\u5e74\u53ce\u4e0a\u4f4d3\u793e\u3011<\/p>\n\n\n\n

\u4f1a\u793e\u540d<\/td>\u5e74\u53ce\u30e9\u30f3\u30ad\u30f3\u30b0<\/td>\u5e73\u5747\u5e74\u53ce(2019\u5e74)<\/td><\/tr>
M&A\u30ad\u30e3\u30d4\u30bf\u30eb\u30d1\u30fc\u30c8\u30ca\u30fc\u30ba<\/td>1\u4f4d<\/td>3109\u4e07\u5186<\/td><\/tr>
GCA<\/td>3\u4f4d<\/td>2063\u4e07\u5186<\/td><\/tr>
\u65e5\u672cM&A\u30bb\u30f3\u30bf\u30fc<\/td>13\u4f4d<\/td>1414\u4e07\u5186<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

\u3010\u65e5\u672cM&A\u30bb\u30f3\u30bf\u30fc\u306e\u5e74\u9f62\u5225\u5e74\u53ce\u63a8\u79fb\u306e\u63a8\u6e2c\u5024\u3011<\/p>\n\n\n\n

\u5e74\u9f62<\/td>\u5e74\u53ce<\/td><\/tr>
20\u4ee3<\/td>988\u4e07\u5186<\/td><\/tr>
30\u4ee3<\/td>1326\u4e07\u5186<\/td><\/tr>
40\u4ee3<\/td>1515\u4e07\u5186<\/td><\/tr>
50\u4ee3<\/td>1624\u4e07\u5186<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

\u3010\u65e5\u672cM&A\u30bb\u30f3\u30bf\u30fc\u306e\u6027\u5225\u5e74\u53ce\u63a8\u79fb\u306e\u63a8\u6e2c\u5024\u3011<\/p>\n\n\n\n

\u5e74\u4ee3<\/td>\u7537\u6027\u306e\u5e74\u53ce<\/td>\u5973\u6027\u306e\u5e74\u53ce<\/td><\/tr>
20\u4ee3<\/td>1002\u4e07\u5186<\/td>862\u4e07\u5186<\/td><\/tr>
30\u4ee3<\/td>1356\u4e07\u5186<\/td>1058\u4e07\u5186<\/td><\/tr>
40\u4ee3<\/td>1560\u4e07\u5186<\/td>1108\u4e07\u5186<\/td><\/tr>
50\u4ee3<\/td>1685\u4e07\u5186<\/td>1078\u4e07\u5186<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

\u3010\u65e5\u672cM&A\u30bb\u30f3\u30bf\u30fc\u306e\u5f79\u8077\u5225\u5e74\u53ce\u306e\u63a8\u6e2c\u5024\u3011<\/p>\n\n\n\n

\u5f79\u8077<\/td>\u5e74\u53ce\u306e\u63a8\u6e2c\u5024<\/td><\/tr>
\u975e\u5f79\u8077\u8005<\/td>1164\u4e07\u5186<\/td><\/tr>
\u4fc2\u9577\u7d1a<\/td>1502\u4e07\u5186<\/td><\/tr>
\u8ab2\u9577\u7d1a<\/td>1975\u4e07\u5186<\/td><\/tr>
\u90e8\u9577\u7d1a<\/td>2476\u4e07\u5186<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

\u3010\u65e5\u672cM&A\u30bb\u30f3\u30bf\u30fc\u306e\u5f79\u8077\u5225\u30dc\u30fc\u30ca\u30b9\u63a8\u6e2c\u5024\u3011<\/p>\n\n\n\n

\u5f79\u8077<\/td>\u30dc\u30fc\u30ca\u30b9\u306e\u63a8\u6e2c\u5024(\u5e74)<\/td><\/tr>
\u975e\u5f79\u8077\u8005<\/td>166\u4e07\u5186<\/td><\/tr>
\u4fc2\u9577\u7d1a<\/td>215\u4e07\u5186<\/td><\/tr>
\u8ab2\u9577\u7d1a<\/td>282\u4e07\u5186<\/td><\/tr>
\u90e8\u9577\u7d1a<\/td>354\u4e07\u5186<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

\u3010\u65e5\u672cM&A\u30bb\u30f3\u30bf\u30fc\u306e\u30dc\u30fc\u30ca\u30b9\u306e\u4f8b(\u53e3\u30b3\u30df)\u3011<\/p>\n\n\n\n

\u8077\u7a2e\u7b49<\/td>\u5e74\u53ce<\/td>\u57fa\u672c\u7d66(\u6708)<\/td>\u30dc\u30fc\u30ca\u30b9(\u5e74)<\/td><\/tr>
\u55b6\u696d\u30fb\u5728\u7c4d3\u5e74\u672a\u6e80<\/td>1000\u4e07\u5186<\/td>40\u4e07\u5186<\/td>80\u4e07\u5186<\/td><\/tr>
\u55b6\u696d\u30fb\u5728\u7c4d3\u5e74\u672a\u6e80<\/td>900\u4e07\u5186<\/td>60\u4e07\u5186<\/td>140\u4e07\u5186<\/td><\/tr>
M&A\u30b3\u30f3\u30b5\u30eb\u30bf\u30f3\u30c8\u30fb\u5728\u7c4d3\u5e74\u672a\u6e80<\/td>1500\u4e07\u5186<\/td>35\u4e07\u5186<\/td>70\u4e07\u5186<\/td><\/tr>
\u55b6\u696d\u30fb\u5728\u7c4d3\u5e74\u672a\u6e80<\/td>550\u4e07\u5186<\/td>35\u4e07\u5186<\/td>130\u4e07\u5186<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

\u3010\u65e5\u672cM&A\u30bb\u30f3\u30bf\u30fc\u306e\u798f\u5229\u539a\u751f\u3011
\u30fb\u5404\u7a2e\u4fdd\u967a(\u5065\u5eb7\u4fdd\u967a\u30fb\u539a\u751f\u5e74\u91d1\u4fdd\u967a\u30fb\u96c7\u7528\u4fdd\u967a\u30fb\u52b4\u707d\u4fdd\u967a)
\u30fb\u5404\u7a2e\u624b\u5f53(\u901a\u52e4\u624b\u5f53\u30fb\u9000\u8077\u91d1\u30fb\u6176\u5f14\u91d1\u30fb\u66f8\u7c4d\u8cbb\u7528\u88dc\u52a9\u30fb\u8cc7\u683c\u53d6\u5f97\u8cbb\u7528\u88dc\u52a9)
\u30fb\u9031\u4f11\u4e8c\u65e5\u5236\u30fb\u6709\u7d66\u4f11\u6687
\u30fb\u305d\u306e\u4ed6(\u793e\u54e1\u65c5\u884c\u30fb\u90e8\u6d3b\u52d5\u306a\u3069)<\/p>\n\n\n\n

\u3010\u65e5\u672cM&A\u30bb\u30f3\u30bf\u30fc\u306b\u8ee2\u8077\u3057\u305f\u3044\u4eba\u306b\u304a\u3059\u3059\u3081\u306e\u65b9\u6cd5\u3011
1.M&A\u696d\u754c\u7279\u5316\u306e\u8ee2\u8077\u30a8\u30fc\u30b8\u30a7\u30f3\u30c8\u306b\u4f9d\u983c\u3059\u308b
2.\u8ee2\u8077\u30b5\u30a4\u30c8\u306b\u767b\u9332\u3059\u308b
3.\u30ea\u30d5\u30a1\u30e9\u30eb\u63a1\u7528\u3092\u72d9\u3046<\/p>\n\n\n\n

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1.\u30bd\u30fc\u30b7\u30f3\u30b0\u30fb\u30d6\u30e9\u30b6\u30fc\u30ba
2.\u30a8\u30eb\u30ad\u30e3\u30ea
3.\u30a2\u30af\u30b7\u30b9\u30b3\u30f3\u30b5\u30eb\u30c6\u30a3\u30f3\u30b0<\/p>\n","protected":false},"excerpt":{"rendered":"

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