{"id":1855,"date":"2024-06-12T12:13:28","date_gmt":"2024-06-12T03:13:28","guid":{"rendered":"http:\/\/18.179.16.182\/jigyou_shokei\/?p=1855"},"modified":"2024-06-12T12:13:28","modified_gmt":"2024-06-12T03:13:28","slug":"ebitda%e3%82%92%e4%bd%bf%e3%81%84%e3%81%93%e3%81%aa%e3%81%97%e3%81%a6%e4%bc%81%e6%a5%ad%e6%88%90%e9%95%b7%e3%82%92%e5%8a%a0%e9%80%9f%e3%81%95%e3%81%9b%e3%82%8b%e6%96%b9%e6%b3%95%ef%bc%9a%e5%8f%8e","status":"publish","type":"post","link":"https:\/\/librus.co.jp\/jigyou_shokei\/new\/strategy\/1855","title":{"rendered":"EBITDA\u3092\u4f7f\u3044\u3053\u306a\u3057\u3066\u4f01\u696d\u6210\u9577\u3092\u52a0\u901f\u3055\u305b\u308b\u65b9\u6cd5\uff1a\u53ce\u76ca\u6027\u3068\u6295\u8cc7\u5224\u65ad\u306e\u8a73\u7d30\u30ac\u30a4\u30c9"},"content":{"rendered":"<div class=\"post_image\"><a href=\"http:\/\/18.179.16.182\/jigyou_shokei\/wp-content\/uploads\/2024\/06\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2024-06-12-115053.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/18.179.16.182\/jigyou_shokei\/wp-content\/uploads\/2024\/06\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2024-06-12-115053.png\" alt=\"\" width=\"1234\" height=\"766\" class=\"alignnone wp-image-1856\" \/><\/a><\/div>\r\n<div>\u4f01\u696d\u306e\u53ce\u76ca\u529b\u3092\u6b63\u78ba\u306b\u8a55\u4fa1\u3057\u3001\u6301\u7d9a\u7684\u306a\u6210\u9577\u3092\u5b9f\u73fe\u3059\u308b\u305f\u3081\u306b\u306f\u3001\u9069\u5207\u306a\u8ca1\u52d9\u6307\u6a19\u3092\u6d3b\u7528\u3059\u308b\u3053\u3068\u304c\u4e0d\u53ef\u6b20\u3067\u3059\u3002\u305d\u306e\u4e2d\u3067\u3082EBITDA\uff08Earnings Before Interest, Taxes, Depreciation, and Amortization\uff09\u306f\u3001\u5229\u606f\u3084\u7a0e\u91d1\u3001\u6e1b\u4fa1\u511f\u5374\u8cbb\u3092\u9664\u5916\u3057\u3066\u4f01\u696d\u306e\u5b9f\u8cea\u7684\u306a\u53ce\u76ca\u529b\u3092\u8a55\u4fa1\u3059\u308b\u305f\u3081\u306e\u91cd\u8981\u306a\u6307\u6a19\u3067\u3059\u3002\u672c\u8a18\u4e8b\u3067\u306f\u3001EBITDA\u306e\u57fa\u672c\u7684\u306a\u6982\u5ff5\u304b\u3089\u8a08\u7b97\u65b9\u6cd5\u3001\u305d\u3057\u3066\u4f01\u696d\u4fa1\u5024\u8a55\u4fa1\u3084\u696d\u7e3e\u6539\u5584\u306b\u304a\u3051\u308b\u5177\u4f53\u7684\u306a\u6d3b\u7528\u6cd5\u306b\u3064\u3044\u3066\u8a73\u3057\u304f\u89e3\u8aac\u3057\u307e\u3059\u3002\u3053\u308c\u306b\u3088\u308a\u3001\u7d4c\u55b6\u8005\u3084\u6295\u8cc7\u5bb6\u306f\u3088\u308a\u6b63\u78ba\u306a\u7d4c\u55b6\u5224\u65ad\u3084\u6295\u8cc7\u5224\u65ad\u3092\u884c\u3046\u3053\u3068\u304c\u53ef\u80fd\u3068\u306a\u308a\u3001\u4f01\u696d\u306e\u6301\u7d9a\u7684\u306a\u6210\u9577\u3092\u652f\u3048\u308b\u305f\u3081\u306e\u5f37\u529b\u306a\u6b66\u5668\u3068\u306a\u308b\u3067\u3057\u3087\u3046\u3002<\/div>\r\n<div><\/div>\r\n<div>\r\n<div data-message-author-role=\"assistant\" data-message-id=\"8c55d802-981b-4516-8810-99756d8b0cbf\" dir=\"auto\" class=\"min-h-[20px] text-message flex flex-col items-start whitespace-pre-wrap break-words [.text-message+&amp;]:mt-5 juice:w-full juice:items-end overflow-x-auto gap-2\">\r\n<div class=\"flex w-full flex-col gap-1 juice:empty:hidden juice:first:pt-[3px]\">\r\n<div class=\"markdown prose w-full break-words dark:prose-invert light\">\r\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/librus.co.jp\/jigyou_shokei\/new\/strategy\/1855\/#EBITDA%E3%81%A7%E8%AA%AD%E3%81%BF%E8%A7%A3%E3%81%8F%E4%BC%81%E6%A5%AD%E6%88%90%E9%95%B7%E6%80%A7%E3%81%AE%E7%A7%98%E5%AF%86\" title=\"EBITDA\u3067\u8aad\u307f\u89e3\u304f\u4f01\u696d\u6210\u9577\u6027\u306e\u79d8\u5bc6\">EBITDA\u3067\u8aad\u307f\u89e3\u304f\u4f01\u696d\u6210\u9577\u6027\u306e\u79d8\u5bc6<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/librus.co.jp\/jigyou_shokei\/new\/strategy\/1855\/#EBITDA%E3%81%AE%E5%9F%BA%E6%9C%AC%E7%9A%84%E3%81%AA%E6%84%8F%E5%91%B3%E3%81%A8%E5%88%A9%E7%94%A8%E3%82%B7%E3%83%BC%E3%83%B3\" title=\"EBITDA\u306e\u57fa\u672c\u7684\u306a\u610f\u5473\u3068\u5229\u7528\u30b7\u30fc\u30f3\">EBITDA\u306e\u57fa\u672c\u7684\u306a\u610f\u5473\u3068\u5229\u7528\u30b7\u30fc\u30f3<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/librus.co.jp\/jigyou_shokei\/new\/strategy\/1855\/#EBITDA%E3%82%92%E6%B4%BB%E7%94%A8%E3%81%97%E3%81%9F%E4%BC%81%E6%A5%AD%E4%BE%A1%E5%80%A4%E8%A9%95%E4%BE%A1%E3%81%AE%E6%96%B9%E6%B3%95\" title=\"EBITDA\u3092\u6d3b\u7528\u3057\u305f\u4f01\u696d\u4fa1\u5024\u8a55\u4fa1\u306e\u65b9\u6cd5\">EBITDA\u3092\u6d3b\u7528\u3057\u305f\u4f01\u696d\u4fa1\u5024\u8a55\u4fa1\u306e\u65b9\u6cd5<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/librus.co.jp\/jigyou_shokei\/new\/strategy\/1855\/#%E6%A5%AD%E7%95%8C%E5%88%A5%E3%81%A7%E8%A6%8B%E3%82%8BEBITDA%E3%81%AE%E6%B4%BB%E7%94%A8%E4%BA%8B%E4%BE%8B\" title=\"\u696d\u754c\u5225\u3067\u898b\u308bEBITDA\u306e\u6d3b\u7528\u4e8b\u4f8b\">\u696d\u754c\u5225\u3067\u898b\u308bEBITDA\u306e\u6d3b\u7528\u4e8b\u4f8b<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/librus.co.jp\/jigyou_shokei\/new\/strategy\/1855\/#EBITDA%E7%AE%97%E5%87%BA%E3%81%AE%E5%85%B7%E4%BD%93%E7%9A%84%E6%89%8B%E9%A0%86%E3%81%A8%E6%B3%A8%E6%84%8F%E4%BA%8B%E9%A0%85\" title=\"EBITDA\u7b97\u51fa\u306e\u5177\u4f53\u7684\u624b\u9806\u3068\u6ce8\u610f\u4e8b\u9805\">EBITDA\u7b97\u51fa\u306e\u5177\u4f53\u7684\u624b\u9806\u3068\u6ce8\u610f\u4e8b\u9805<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/librus.co.jp\/jigyou_shokei\/new\/strategy\/1855\/#%E4%BC%81%E6%A5%AD%E8%B2%A1%E5%8B%99%E3%83%87%E3%83%BC%E3%82%BF%E3%81%8B%E3%82%89EBITDA%E3%82%92%E8%A8%88%E7%AE%97%E3%81%99%E3%82%8B%E6%96%B9%E6%B3%95\" title=\"\u4f01\u696d\u8ca1\u52d9\u30c7\u30fc\u30bf\u304b\u3089EBITDA\u3092\u8a08\u7b97\u3059\u308b\u65b9\u6cd5\">\u4f01\u696d\u8ca1\u52d9\u30c7\u30fc\u30bf\u304b\u3089EBITDA\u3092\u8a08\u7b97\u3059\u308b\u65b9\u6cd5<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/librus.co.jp\/jigyou_shokei\/new\/strategy\/1855\/#EBITDA%E6%B4%BB%E7%94%A8%E6%99%82%E3%81%AE%E8%AA%A4%E8%A7%A3%E3%82%84%E9%96%93%E9%81%95%E3%81%84%E3%82%92%E9%81%BF%E3%81%91%E3%82%8B%E3%83%9D%E3%82%A4%E3%83%B3%E3%83%88\" title=\"EBITDA\u6d3b\u7528\u6642\u306e\u8aa4\u89e3\u3084\u9593\u9055\u3044\u3092\u907f\u3051\u308b\u30dd\u30a4\u30f3\u30c8\">EBITDA\u6d3b\u7528\u6642\u306e\u8aa4\u89e3\u3084\u9593\u9055\u3044\u3092\u907f\u3051\u308b\u30dd\u30a4\u30f3\u30c8<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/librus.co.jp\/jigyou_shokei\/new\/strategy\/1855\/#EBITDA%E3%81%A8%E4%BB%96%E3%81%AE%E8%B2%A1%E5%8B%99%E6%8C%87%E6%A8%99%E3%81%AE%E6%AF%94%E8%BC%83\" title=\"EBITDA\u3068\u4ed6\u306e\u8ca1\u52d9\u6307\u6a19\u306e\u6bd4\u8f03\">EBITDA\u3068\u4ed6\u306e\u8ca1\u52d9\u6307\u6a19\u306e\u6bd4\u8f03<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/librus.co.jp\/jigyou_shokei\/new\/strategy\/1855\/#EBITDA%E3%81%A8%E5%96%B6%E6%A5%AD%E5%88%A9%E7%9B%8A%E3%81%AE%E9%81%95%E3%81%84%E3%81%A8%E3%81%9D%E3%82%8C%E3%81%9E%E3%82%8C%E3%81%AE%E6%B4%BB%E7%94%A8%E6%B3%95\" title=\"EBITDA\u3068\u55b6\u696d\u5229\u76ca\u306e\u9055\u3044\u3068\u305d\u308c\u305e\u308c\u306e\u6d3b\u7528\u6cd5\">EBITDA\u3068\u55b6\u696d\u5229\u76ca\u306e\u9055\u3044\u3068\u305d\u308c\u305e\u308c\u306e\u6d3b\u7528\u6cd5<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/librus.co.jp\/jigyou_shokei\/new\/strategy\/1855\/#EBITDA%E3%81%AE%E5%AE%9A%E7%BE%A9%E3%81%A8%E5%88%A9%E7%94%A8%E3%82%B7%E3%83%BC%E3%83%B3\" title=\"EBITDA\u306e\u5b9a\u7fa9\u3068\u5229\u7528\u30b7\u30fc\u30f3\">EBITDA\u306e\u5b9a\u7fa9\u3068\u5229\u7528\u30b7\u30fc\u30f3<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/librus.co.jp\/jigyou_shokei\/new\/strategy\/1855\/#%E5%96%B6%E6%A5%AD%E5%88%A9%E7%9B%8A%E3%81%AE%E5%AE%9A%E7%BE%A9%E3%81%A8%E5%88%A9%E7%94%A8%E3%82%B7%E3%83%BC%E3%83%B3\" title=\"\u55b6\u696d\u5229\u76ca\u306e\u5b9a\u7fa9\u3068\u5229\u7528\u30b7\u30fc\u30f3\">\u55b6\u696d\u5229\u76ca\u306e\u5b9a\u7fa9\u3068\u5229\u7528\u30b7\u30fc\u30f3<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/librus.co.jp\/jigyou_shokei\/new\/strategy\/1855\/#%E3%81%9D%E3%82%8C%E3%81%9E%E3%82%8C%E3%81%AE%E6%B4%BB%E7%94%A8%E6%B3%95\" title=\"\u305d\u308c\u305e\u308c\u306e\u6d3b\u7528\u6cd5\">\u305d\u308c\u305e\u308c\u306e\u6d3b\u7528\u6cd5<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/librus.co.jp\/jigyou_shokei\/new\/strategy\/1855\/#EBITDA%E3%81%A8%E3%83%95%E3%83%AA%E3%83%BC%E3%82%AD%E3%83%A3%E3%83%83%E3%82%B7%E3%83%A5%E3%83%95%E3%83%AD%E3%83%BC%E3%81%AE%E9%96%A2%E4%BF%82%E6%80%A7\" title=\"EBITDA\u3068\u30d5\u30ea\u30fc\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306e\u95a2\u4fc2\u6027\">EBITDA\u3068\u30d5\u30ea\u30fc\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306e\u95a2\u4fc2\u6027<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/librus.co.jp\/jigyou_shokei\/new\/strategy\/1855\/#%E3%83%95%E3%83%AA%E3%83%BC%E3%82%AD%E3%83%A3%E3%83%83%E3%82%B7%E3%83%A5%E3%83%95%E3%83%AD%E3%83%BC%E3%81%AE%E5%AE%9A%E7%BE%A9%E3%81%A8%E8%A8%88%E7%AE%97%E6%96%B9%E6%B3%95\" title=\"\u30d5\u30ea\u30fc\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306e\u5b9a\u7fa9\u3068\u8a08\u7b97\u65b9\u6cd5\">\u30d5\u30ea\u30fc\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306e\u5b9a\u7fa9\u3068\u8a08\u7b97\u65b9\u6cd5<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/librus.co.jp\/jigyou_shokei\/new\/strategy\/1855\/#EBITDA%E3%81%A8%E3%83%95%E3%83%AA%E3%83%BC%E3%82%AD%E3%83%A3%E3%83%83%E3%82%B7%E3%83%A5%E3%83%95%E3%83%AD%E3%83%BC%E3%81%AE%E9%96%A2%E4%BF%82\" title=\"EBITDA\u3068\u30d5\u30ea\u30fc\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306e\u95a2\u4fc2\">EBITDA\u3068\u30d5\u30ea\u30fc\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306e\u95a2\u4fc2<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/librus.co.jp\/jigyou_shokei\/new\/strategy\/1855\/#%E6%8A%95%E8%B3%87%E5%88%A4%E6%96%AD%E3%81%AB%E3%81%8A%E3%81%91%E3%82%8B%E6%B4%BB%E7%94%A8\" title=\"\u6295\u8cc7\u5224\u65ad\u306b\u304a\u3051\u308b\u6d3b\u7528\">\u6295\u8cc7\u5224\u65ad\u306b\u304a\u3051\u308b\u6d3b\u7528<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/librus.co.jp\/jigyou_shokei\/new\/strategy\/1855\/#EBITDA%E3%82%92%E6%B4%BB%E7%94%A8%E3%81%97%E3%81%9F%E4%BC%81%E6%A5%AD%E5%88%86%E6%9E%90%E3%81%AE%E4%BA%8B%E4%BE%8B\" title=\"EBITDA\u3092\u6d3b\u7528\u3057\u305f\u4f01\u696d\u5206\u6790\u306e\u4e8b\u4f8b\">EBITDA\u3092\u6d3b\u7528\u3057\u305f\u4f01\u696d\u5206\u6790\u306e\u4e8b\u4f8b<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/librus.co.jp\/jigyou_shokei\/new\/strategy\/1855\/#EBITDA%E3%82%92%E6%B4%BB%E7%94%A8%E3%81%97%E3%81%9F%E4%BC%81%E6%A5%AD%E5%88%86%E6%9E%90%E3%81%AE%E4%BA%8B%E4%BE%8B-2\" title=\"EBITDA\u3092\u6d3b\u7528\u3057\u305f\u4f01\u696d\u5206\u6790\u306e\u4e8b\u4f8b\">EBITDA\u3092\u6d3b\u7528\u3057\u305f\u4f01\u696d\u5206\u6790\u306e\u4e8b\u4f8b<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/librus.co.jp\/jigyou_shokei\/new\/strategy\/1855\/#M_A%E3%81%A7EBITDA%E3%81%8C%E9%87%8D%E8%A6%81%E8%A6%96%E3%81%95%E3%82%8C%E3%82%8B%E7%90%86%E7%94%B1\" title=\"M&amp;A\u3067EBITDA\u304c\u91cd\u8981\u8996\u3055\u308c\u308b\u7406\u7531\">M&amp;A\u3067EBITDA\u304c\u91cd\u8981\u8996\u3055\u308c\u308b\u7406\u7531<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/librus.co.jp\/jigyou_shokei\/new\/strategy\/1855\/#EBITDA%E3%82%92%E7%94%A8%E3%81%84%E3%81%9F%E4%BC%81%E6%A5%AD%E3%81%AE%E6%A5%AD%E7%B8%BE%E6%94%B9%E5%96%84%E6%88%A6%E7%95%A5\" title=\"EBITDA\u3092\u7528\u3044\u305f\u4f01\u696d\u306e\u696d\u7e3e\u6539\u5584\u6226\u7565\">EBITDA\u3092\u7528\u3044\u305f\u4f01\u696d\u306e\u696d\u7e3e\u6539\u5584\u6226\u7565<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/librus.co.jp\/jigyou_shokei\/new\/strategy\/1855\/#EBITDA%E3%82%92%E6%B4%BB%E7%94%A8%E3%81%97%E3%81%A6%E6%8A%95%E8%B3%87%E5%88%A4%E6%96%AD%E3%82%92%E8%A1%8C%E3%81%86%E6%96%B9%E6%B3%95\" title=\"EBITDA\u3092\u6d3b\u7528\u3057\u3066\u6295\u8cc7\u5224\u65ad\u3092\u884c\u3046\u65b9\u6cd5\">EBITDA\u3092\u6d3b\u7528\u3057\u3066\u6295\u8cc7\u5224\u65ad\u3092\u884c\u3046\u65b9\u6cd5<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/librus.co.jp\/jigyou_shokei\/new\/strategy\/1855\/#%E3%81%BE%E3%81%A8%E3%82%81\" title=\"\u307e\u3068\u3081\">\u307e\u3068\u3081<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"EBITDA%E3%81%A7%E8%AA%AD%E3%81%BF%E8%A7%A3%E3%81%8F%E4%BC%81%E6%A5%AD%E6%88%90%E9%95%B7%E6%80%A7%E3%81%AE%E7%A7%98%E5%AF%86\"><\/span>EBITDA\u3067\u8aad\u307f\u89e3\u304f\u4f01\u696d\u6210\u9577\u6027\u306e\u79d8\u5bc6<span class=\"ez-toc-section-end\"><\/span><\/h2>\r\n<h3><span class=\"ez-toc-section\" id=\"EBITDA%E3%81%AE%E5%9F%BA%E6%9C%AC%E7%9A%84%E3%81%AA%E6%84%8F%E5%91%B3%E3%81%A8%E5%88%A9%E7%94%A8%E3%82%B7%E3%83%BC%E3%83%B3\"><\/span>EBITDA\u306e\u57fa\u672c\u7684\u306a\u610f\u5473\u3068\u5229\u7528\u30b7\u30fc\u30f3<span class=\"ez-toc-section-end\"><\/span><\/h3>\r\nEBITDA\uff08Earnings Before Interest, Taxes, Depreciation, and Amortization\uff09\u306f\u3001\u4f01\u696d\u306e\u53ce\u76ca\u529b\u3092\u6e2c\u308b\u305f\u3081\u306e\u6307\u6a19\u3068\u3057\u3066\u5e83\u304f\u5229\u7528\u3055\u308c\u3066\u3044\u307e\u3059\u3002\u3053\u308c\u306f\u3001\u65e5\u672c\u8a9e\u3067\u300c\u5229\u6255\u3044\u524d\u30fb\u7a0e\u5f15\u304d\u524d\u30fb\u6e1b\u4fa1\u511f\u5374\u524d\u306e\u5229\u76ca\u300d\u3092\u610f\u5473\u3057\u3001\u4f01\u696d\u304c\u672c\u696d\u3067\u3069\u308c\u3060\u3051\u306e\u5229\u76ca\u3092\u4e0a\u3052\u3066\u3044\u308b\u304b\u3092\u793a\u3059\u3082\u306e\u3067\u3059\u3002EBITDA\u306f\u3001\u4f01\u696d\u306e\u8ca1\u52d9\u72b6\u6cc1\u3092\u8a55\u4fa1\u3059\u308b\u969b\u306b\u91cd\u8981\u306a\u5f79\u5272\u3092\u679c\u305f\u3057\u307e\u3059\u3002\u306a\u305c\u306a\u3089\u3001\u7d14\u7c8b\u306a\u55b6\u696d\u6d3b\u52d5\u306b\u3088\u308b\u53ce\u76ca\u6027\u3092\u628a\u63e1\u3067\u304d\u308b\u304b\u3089\u3067\u3059\u3002\u305f\u3068\u3048\u3070\u3001\u91d1\u878d\u30b3\u30b9\u30c8\u3084\u7a0e\u91d1\u3001\u6e1b\u4fa1\u511f\u5374\u8cbb\u306a\u3069\u3001\u4f01\u696d\u3054\u3068\u306b\u7570\u306a\u308b\u8981\u7d20\u3092\u6392\u9664\u3059\u308b\u3053\u3068\u3067\u3001\u7570\u306a\u308b\u4f01\u696d\u9593\u306e\u6bd4\u8f03\u304c\u5bb9\u6613\u306b\u306a\u308a\u307e\u3059\u3002\r\n\r\nEBITDA\u306f\u3001\u591a\u304f\u306e\u5834\u9762\u3067\u5229\u7528\u3055\u308c\u307e\u3059\u3002\u307e\u305a\u3001\u4f01\u696d\u306e\u53ce\u76ca\u6027\u5206\u6790\u3067\u3059\u3002\u6295\u8cc7\u5bb6\u3084\u30a2\u30ca\u30ea\u30b9\u30c8\u306f\u3001\u4f01\u696d\u304c\u3069\u308c\u3060\u3051\u306e\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u3092\u751f\u307f\u51fa\u3057\u3066\u3044\u308b\u304b\u3092\u8a55\u4fa1\u3059\u308b\u969b\u306b\u3001\u3053\u306e\u6307\u6a19\u3092\u4f7f\u7528\u3057\u307e\u3059\u3002\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306e\u5927\u304d\u3055\u306f\u3001\u4f01\u696d\u304c\u65b0\u305f\u306a\u6295\u8cc7\u3092\u884c\u3063\u305f\u308a\u3001\u501f\u5165\u91d1\u3092\u8fd4\u6e08\u3057\u305f\u308a\u3059\u308b\u80fd\u529b\u3092\u793a\u3057\u307e\u3059\u3002\u6b21\u306b\u3001\u4f01\u696d\u306e\u8cb7\u53ce\u3084\u5408\u4f75\uff08M&amp;A\uff09\u306e\u969b\u306b\u3082\u91cd\u8981\u3067\u3059\u3002\u8cb7\u53ce\u5019\u88dc\u4f01\u696d\u306e\u5b9f\u969b\u306e\u55b6\u696d\u529b\u3092\u628a\u63e1\u3059\u308b\u305f\u3081\u306b\u3001\u8cb7\u53ce\u8005\u306fEBITDA\u3092\u53c2\u8003\u306b\u3057\u307e\u3059\u3002\u3053\u308c\u306b\u3088\u308a\u3001\u8cb7\u53ce\u5f8c\u306e\u30b7\u30ca\u30b8\u30fc\u52b9\u679c\u3084\u6295\u8cc7\u56de\u53ce\u671f\u9593\u3092\u4e88\u6e2c\u3057\u3084\u3059\u304f\u306a\u308a\u307e\u3059\u3002\r\n\r\n\u3055\u3089\u306b\u3001EBITDA\u306f\u5185\u90e8\u7d4c\u55b6\u7ba1\u7406\u306b\u3082\u5f79\u7acb\u3061\u307e\u3059\u3002\u7d4c\u55b6\u8005\u306f\u3001\u81ea\u793e\u306e\u4e8b\u696d\u90e8\u9580\u3054\u3068\u306e\u53ce\u76ca\u6027\u3092\u8a55\u4fa1\u3057\u3001\u30ea\u30bd\u30fc\u30b9\u306e\u914d\u5206\u3084\u30b3\u30b9\u30c8\u524a\u6e1b\u306e\u6226\u7565\u3092\u7acb\u3066\u308b\u969b\u306b\u3053\u306e\u6307\u6a19\u3092\u6d3b\u7528\u3057\u307e\u3059\u3002\u305f\u3068\u3048\u3070\u3001\u3042\u308b\u4e8b\u696d\u90e8\u9580\u304c\u4ed6\u306e\u90e8\u9580\u306b\u6bd4\u3079\u3066\u4f4e\u3044EBITDA\u3092\u793a\u3057\u3066\u3044\u308b\u5834\u5408\u3001\u305d\u306e\u90e8\u9580\u306e\u6539\u5584\u7b56\u3092\u691c\u8a0e\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002\r\n\r\n\u3053\u306e\u3088\u3046\u306b\u3001EBITDA\u306f\u4f01\u696d\u306e\u53ce\u76ca\u6027\u3092\u591a\u89d2\u7684\u306b\u8a55\u4fa1\u3059\u308b\u305f\u3081\u306e\u6709\u7528\u306a\u30c4\u30fc\u30eb\u3067\u3059\u3002\u8ca1\u52d9\u5831\u544a\u66f8\u3060\u3051\u3067\u306f\u898b\u3048\u306b\u304f\u3044\u4f01\u696d\u306e\u5b9f\u614b\u3092\u660e\u3089\u304b\u306b\u3057\u3001\u7d4c\u55b6\u5224\u65ad\u3084\u6295\u8cc7\u5224\u65ad\u3092\u652f\u3048\u308b\u6307\u6a19\u3068\u3057\u3066\u3001\u307e\u3059\u307e\u3059\u91cd\u8981\u6027\u3092\u5897\u3057\u3066\u3044\u307e\u3059\u3002\r\n<h3><span class=\"ez-toc-section\" id=\"EBITDA%E3%82%92%E6%B4%BB%E7%94%A8%E3%81%97%E3%81%9F%E4%BC%81%E6%A5%AD%E4%BE%A1%E5%80%A4%E8%A9%95%E4%BE%A1%E3%81%AE%E6%96%B9%E6%B3%95\"><\/span>EBITDA\u3092\u6d3b\u7528\u3057\u305f\u4f01\u696d\u4fa1\u5024\u8a55\u4fa1\u306e\u65b9\u6cd5<span class=\"ez-toc-section-end\"><\/span><\/h3>\r\n\u4f01\u696d\u4fa1\u5024\u8a55\u4fa1\u306b\u304a\u3044\u3066\u3001EBITDA\u306f\u91cd\u8981\u306a\u5f79\u5272\u3092\u679c\u305f\u3057\u307e\u3059\u3002\u4f01\u696d\u306e\u771f\u306e\u53ce\u76ca\u529b\u3092\u628a\u63e1\u3059\u308b\u305f\u3081\u306b\u3001\u3055\u307e\u3056\u307e\u306a\u8a55\u4fa1\u65b9\u6cd5\u304c\u5b58\u5728\u3057\u307e\u3059\u304c\u3001EBITDA\u3092\u6d3b\u7528\u3059\u308b\u65b9\u6cd5\u306f\u305d\u306e\u4e2d\u3067\u3082\u7279\u306b\u6ce8\u76ee\u3055\u308c\u3066\u3044\u307e\u3059\u3002EBITDA\u3092\u4f7f\u3063\u305f\u4f01\u696d\u4fa1\u5024\u8a55\u4fa1\u306f\u3001\u4e00\u822c\u7684\u306bEV\/EBITDA\u30de\u30eb\u30c1\u30d7\u30eb\u6cd5\u304c\u7528\u3044\u3089\u308c\u307e\u3059\u3002\u3053\u306e\u65b9\u6cd5\u306f\u3001\u4f01\u696d\u306e\u4f01\u696d\u4fa1\u5024\uff08EV\uff1aEnterprise 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class=\"ez-toc-section-end\"><\/span><\/h3>\r\nEBITDA\u306f\u3001\u3055\u307e\u3056\u307e\u306a\u696d\u754c\u3067\u5e83\u304f\u6d3b\u7528\u3055\u308c\u3066\u3044\u307e\u3059\u304c\u3001\u305d\u306e\u5177\u4f53\u7684\u306a\u6d3b\u7528\u4e8b\u4f8b\u306f\u696d\u754c\u306b\u3088\u3063\u3066\u7570\u306a\u308a\u307e\u3059\u3002\u4ee5\u4e0b\u3067\u306f\u3001\u3044\u304f\u3064\u304b\u306e\u4e3b\u8981\u306a\u696d\u754c\u306b\u304a\u3051\u308bEBITDA\u306e\u6d3b\u7528\u4e8b\u4f8b\u3092\u7d39\u4ecb\u3057\u307e\u3059\u3002\r\n<h4>\u30c6\u30af\u30ce\u30ed\u30b8\u30fc\u696d\u754c<\/h4>\r\n\u30c6\u30af\u30ce\u30ed\u30b8\u30fc\u696d\u754c\u3067\u306f\u3001\u4f01\u696d\u306e\u6210\u9577\u6027\u3068\u53ce\u76ca\u6027\u3092\u8a55\u4fa1\u3059\u308b\u305f\u3081\u306bEBITDA\u304c\u983b\u7e41\u306b\u4f7f\u7528\u3055\u308c\u307e\u3059\u3002\u3053\u306e\u696d\u754c\u3067\u306f\u3001\u7814\u7a76\u958b\u767a\u8cbb\u7528\u3084\u30de\u30fc\u30b1\u30c6\u30a3\u30f3\u30b0\u8cbb\u7528\u304c\u5927\u304d\u306a\u5272\u5408\u3092\u5360\u3081\u308b\u305f\u3081\u3001\u7d14\u5229\u76ca\u3060\u3051\u3067\u306f\u4f01\u696d\u306e\u5b9f\u614b\u3092\u6b63\u78ba\u306b\u628a\u63e1\u3059\u308b\u3053\u3068\u304c\u96e3\u3057\u3044\u5834\u5408\u304c\u3042\u308a\u307e\u3059\u3002\u4f8b\u3048\u3070\u3001\u30b9\u30bf\u30fc\u30c8\u30a2\u30c3\u30d7\u4f01\u696d\u306f\u521d\u671f\u6bb5\u968e\u3067\u5927\u304d\u306a\u8d64\u5b57\u3092\u8a08\u4e0a\u3059\u308b\u3053\u3068\u304c\u591a\u3044\u3067\u3059\u304c\u3001EBITDA\u3092\u898b\u308c\u3070\u3001\u305d\u306e\u4f01\u696d\u306e\u30b3\u30a2\u30d3\u30b8\u30cd\u30b9\u304c\u3069\u308c\u3060\u3051\u306e\u53ce\u76ca\u529b\u3092\u6301\u3063\u3066\u3044\u308b\u304b\u3092\u8a55\u4fa1\u3067\u304d\u307e\u3059\u3002\u30c6\u30af\u30ce\u30ed\u30b8\u30fc\u4f01\u696d\u9593\u306e\u6bd4\u8f03\u306b\u304a\u3044\u3066\u3082\u3001EBITDA\u306f\u91cd\u8981\u306a\u6307\u6a19\u3068\u306a\u308a\u307e\u3059\u3002\r\n<h4>\u88fd\u9020\u696d<\/h4>\r\n\u88fd\u9020\u696d\u3067\u306f\u3001\u8a2d\u5099\u6295\u8cc7\u304c\u5927\u304d\u306a\u5272\u5408\u3092\u5360\u3081\u308b\u305f\u3081\u3001\u6e1b\u4fa1\u511f\u5374\u8cbb\u304c\u5927\u304d\u304f\u306a\u308a\u307e\u3059\u3002\u305d\u306e\u305f\u3081\u3001EBITDA\u3092\u5229\u7528\u3059\u308b\u3053\u3068\u3067\u3001\u8a2d\u5099\u6295\u8cc7\u306e\u5f71\u97ff\u3092\u9664\u3044\u305f\u7d14\u7c8b\u306a\u55b6\u696d\u6d3b\u52d5\u304b\u3089\u306e\u53ce\u76ca\u529b\u3092\u8a55\u4fa1\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002\u4f8b\u3048\u3070\u3001\u81ea\u52d5\u8eca\u30e1\u30fc\u30ab\u30fc\u3084\u91cd\u5de5\u696d\u30e1\u30fc\u30ab\u30fc\u3067\u306f\u3001\u88fd\u54c1\u306e\u958b\u767a\u3084\u751f\u7523\u306b\u591a\u984d\u306e\u8a2d\u5099\u6295\u8cc7\u304c\u5fc5\u8981\u3067\u3059\u3002\u3053\u306e\u3088\u3046\u306a\u4f01\u696d\u306e\u8a55\u4fa1\u306b\u304a\u3044\u3066\u3001EBITDA\u3092\u7528\u3044\u308b\u3053\u3068\u3067\u3001\u8a2d\u5099\u6295\u8cc7\u306e\u8ca0\u62c5\u3092\u9664\u3044\u305f\u5b9f\u969b\u306e\u55b6\u696d\u529b\u3092\u628a\u63e1\u3067\u304d\u307e\u3059\u3002\r\n<h4>\u30b5\u30fc\u30d3\u30b9\u696d<\/h4>\r\n\u30b5\u30fc\u30d3\u30b9\u696d\u306b\u304a\u3044\u3066\u306f\u3001\u4eba\u4ef6\u8cbb\u3084\u904b\u55b6\u8cbb\u304c\u5927\u304d\u306a\u5272\u5408\u3092\u5360\u3081\u307e\u3059\u3002\u7279\u306b\u3001\u30db\u30c6\u30eb\u696d\u754c\u3084\u30ec\u30b9\u30c8\u30e9\u30f3\u696d\u754c\u3067\u306f\u3001\u5b63\u7bc0\u5909\u52d5\u3084\u4e00\u6642\u7684\u306a\u8981\u56e0\u306b\u3088\u3063\u3066\u696d\u7e3e\u304c\u5927\u304d\u304f\u5909\u52d5\u3059\u308b\u3053\u3068\u304c\u3042\u308a\u307e\u3059\u3002EBITDA\u3092\u7528\u3044\u308b\u3053\u3068\u3067\u3001\u4e00\u6642\u7684\u306a\u8981\u56e0\u3092\u9664\u3044\u305f\u5b89\u5b9a\u7684\u306a\u53ce\u76ca\u529b\u3092\u8a55\u4fa1\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002\u4f8b\u3048\u3070\u3001\u30db\u30c6\u30eb\u30c1\u30a7\u30fc\u30f3\u306e\u8a55\u4fa1\u306b\u304a\u3044\u3066\u3001EBITDA\u3092\u57fa\u306b\u3057\u305f\u5206\u6790\u306f\u3001\u5b63\u7bc0\u5909\u52d5\u3084\u30ea\u30ce\u30d9\u30fc\u30b7\u30e7\u30f3\u8cbb\u7528\u3092\u9664\u5916\u3057\u305f\u5b9f\u969b\u306e\u55b6\u696d\u529b\u3092\u793a\u3057\u307e\u3059\u3002\r\n<h4>\u5c0f\u58f2\u696d<\/h4>\r\n\u5c0f\u58f2\u696d\u3067\u306f\u3001\u5e97\u8217\u904b\u55b6\u3084\u5728\u5eab\u7ba1\u7406\u306a\u3069\u3001\u69d8\u3005\u306a\u904b\u55b6\u30b3\u30b9\u30c8\u304c\u767a\u751f\u3057\u307e\u3059\u3002EBITDA\u3092\u6d3b\u7528\u3059\u308b\u3053\u3068\u3067\u3001\u904b\u55b6\u30b3\u30b9\u30c8\u3092\u9664\u3044\u305f\u7d14\u7c8b\u306a\u55b6\u696d\u5229\u76ca\u3092\u628a\u63e1\u3057\u3001\u4f01\u696d\u306e\u52b9\u7387\u6027\u3084\u53ce\u76ca\u529b\u3092\u8a55\u4fa1\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002\u4f8b\u3048\u3070\u3001\u5927\u624b\u5c0f\u58f2\u30c1\u30a7\u30fc\u30f3\u306e\u8a55\u4fa1\u306b\u304a\u3044\u3066\u3001EBITDA\u3092\u7528\u3044\u308b\u3053\u3068\u3067\u3001\u5404\u5e97\u8217\u306e\u904b\u55b6\u52b9\u7387\u3084\u53ce\u76ca\u6027\u3092\u6bd4\u8f03\u3059\u3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class=\"ez-toc-section\" id=\"EBITDA%E7%AE%97%E5%87%BA%E3%81%AE%E5%85%B7%E4%BD%93%E7%9A%84%E6%89%8B%E9%A0%86%E3%81%A8%E6%B3%A8%E6%84%8F%E4%BA%8B%E9%A0%85\"><\/span>EBITDA\u7b97\u51fa\u306e\u5177\u4f53\u7684\u624b\u9806\u3068\u6ce8\u610f\u4e8b\u9805<span class=\"ez-toc-section-end\"><\/span><\/h2>\r\n<h3><span class=\"ez-toc-section\" id=\"%E4%BC%81%E6%A5%AD%E8%B2%A1%E5%8B%99%E3%83%87%E3%83%BC%E3%82%BF%E3%81%8B%E3%82%89EBITDA%E3%82%92%E8%A8%88%E7%AE%97%E3%81%99%E3%82%8B%E6%96%B9%E6%B3%95\"><\/span>\u4f01\u696d\u8ca1\u52d9\u30c7\u30fc\u30bf\u304b\u3089EBITDA\u3092\u8a08\u7b97\u3059\u308b\u65b9\u6cd5<span class=\"ez-toc-section-end\"><\/span><\/h3>\r\nEBITDA\uff08Earnings Before Interest, Taxes, Depreciation, and Amortization\uff09\u306f\u3001\u4f01\u696d\u306e\u53ce\u76ca\u529b\u3092\u6e2c\u308b\u305f\u3081\u306e\u91cd\u8981\u306a\u6307\u6a19\u3067\u3059\u3002EBITDA\u3092\u8a08\u7b97\u3059\u308b\u305f\u3081\u306b\u306f\u3001\u4f01\u696d\u306e\u8ca1\u52d9\u30c7\u30fc\u30bf\u3092\u6b63\u78ba\u306b\u628a\u63e1\u3057\u3001\u9069\u5207\u306a\u65b9\u6cd5\u3067\u8a08\u7b97\u3059\u308b\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002\u4ee5\u4e0b\u306b\u3001EBITDA\u306e\u57fa\u672c\u7684\u306a\u8a08\u7b97\u65b9\u6cd5\u3092\u8aac\u660e\u3057\u307e\u3059\u3002\r\n\r\n\u307e\u305a\u3001EBITDA\u306e\u8a08\u7b97\u306b\u5fc5\u8981\u306a\u30c7\u30fc\u30bf\u3092\u53ce\u96c6\u3057\u307e\u3059\u3002\u3053\u308c\u306b\u306f\u3001\u5f53\u671f\u7d14\u5229\u76ca\u3001\u652f\u6255\u5229\u606f\u3001\u6cd5\u4eba\u7a0e\u3001\u6e1b\u4fa1\u511f\u5374\u8cbb\u304c\u542b\u307e\u308c\u307e\u3059\u3002\u3053\u308c\u3089\u306e\u30c7\u30fc\u30bf\u306f\u3001\u901a\u5e38\u3001\u4f01\u696d\u306e\u640d\u76ca\u8a08\u7b97\u66f8\u3084\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u8a08\u7b97\u66f8\u306b\u8a18\u8f09\u3055\u308c\u3066\u3044\u307e\u3059\u3002\r\n\r\n\u6b21\u306b\u3001\u4ee5\u4e0b\u306e\u57fa\u672c\u7684\u306a\u8a08\u7b97\u5f0f\u3092\u4f7f\u7528\u3057\u3066EBITDA\u3092\u7b97\u51fa\u3057\u307e\u3059\u3002\r\n\r\n<strong>EBITDA = \u5f53\u671f\u7d14\u5229\u76ca + \u652f\u6255\u5229\u606f + \u6cd5\u4eba\u7a0e + \u6e1b\u4fa1\u511f\u5374\u8cbb<\/strong>\r\n\r\n\u305f\u3068\u3048\u3070\u3001\u3042\u308b\u4f01\u696d\u306e\u5f53\u671f\u7d14\u5229\u76ca\u304c1\u5104\u5186\u3001\u652f\u6255\u5229\u606f\u304c5000\u4e07\u5186\u3001\u6cd5\u4eba\u7a0e\u304c3000\u4e07\u5186\u3001\u6e1b\u4fa1\u511f\u5374\u8cbb\u304c7000\u4e07\u5186\u306e\u5834\u5408\u3001EBITDA\u306f\u6b21\u306e\u3088\u3046\u306b\u8a08\u7b97\u3055\u308c\u307e\u3059\u3002\r\n\r\n<strong>EBITDA = 1\u5104\u5186 + 5000\u4e07\u5186 + 3000\u4e07\u5186 + 7000\u4e07\u5186 = 2\u51045000\u4e07\u5186<\/strong>\r\n\r\n\u3053\u306e\u8a08\u7b97\u5f0f\u306b\u3088\u308a\u3001\u4f01\u696d\u304c\u672c\u696d\u3067\u3069\u308c\u3060\u3051\u306e\u53ce\u76ca\u3092\u4e0a\u3052\u3066\u3044\u308b\u304b\u3092\u628a\u63e1\u3067\u304d\u307e\u3059\u3002\u306a\u304a\u3001EBITDA\u306f\u55b6\u696d\u5229\u76ca\u3092\u57fa\u306b\u8a08\u7b97\u3059\u308b\u65b9\u6cd5\u3082\u3042\u308a\u307e\u3059\u3002\u3053\u306e\u5834\u5408\u3001\u4ee5\u4e0b\u306e\u3088\u3046\u306b\u8a08\u7b97\u3057\u307e\u3059\u3002\r\n\r\n<strong>EBITDA = \u55b6\u696d\u5229\u76ca + \u6e1b\u4fa1\u511f\u5374\u8cbb<\/strong>\r\n\r\n\u55b6\u696d\u5229\u76ca\u304c1\u51045000\u4e07\u5186\u3001\u6e1b\u4fa1\u511f\u5374\u8cbb\u304c7000\u4e07\u5186\u306e\u5834\u5408\u3001EBITDA\u306f\u6b21\u306e\u3088\u3046\u306b\u306a\u308a\u307e\u3059\u3002\r\n\r\n<strong>EBITDA = 1\u51045000\u4e07\u5186 + 7000\u4e07\u5186 = 2\u51042000\u4e07\u5186<\/strong>\r\n\r\n\u3053\u308c\u3089\u306e\u8a08\u7b97\u65b9\u6cd5\u3092\u4f7f\u7528\u3059\u308b\u3053\u3068\u3067\u3001\u4f01\u696d\u306e\u53ce\u76ca\u529b\u3092\u3088\u308a\u6b63\u78ba\u306b\u8a55\u4fa1\u3059\u308b\u3053\u3068\u304c\u53ef\u80fd\u3067\u3059\u3002\u7279\u306bM&amp;A\u306e\u969b\u306b\u306f\u3001EBITDA\u3092\u57fa\u306b\u4f01\u696d\u4fa1\u5024\u3092\u8a55\u4fa1\u3059\u308b\u3053\u3068\u304c\u4e00\u822c\u7684\u3067\u3059\u3002\u307e\u305f\u3001\u4f01\u696d\u5185\u90e8\u3067\u306e\u7d4c\u55b6\u7ba1\u7406\u3084\u6226\u7565\u7acb\u6848\u306b\u304a\u3044\u3066\u3082\u3001EBITDA\u306f\u91cd\u8981\u306a\u6307\u6a19\u3068\u306a\u308a\u307e\u3059\u3002\r\n\r\nEBITDA\u3092\u8a08\u7b97\u3059\u308b\u969b\u306b\u306f\u3001\u8a08\u7b97\u306e\u57fa\u3068\u306a\u308b\u30c7\u30fc\u30bf\u306e\u6b63\u78ba\u6027\u304c\u91cd\u8981\u3067\u3059\u3002\u7279\u306b\u3001\u6e1b\u4fa1\u511f\u5374\u8cbb\u3084\u652f\u6255\u5229\u606f\u306a\u3069\u306f\u4f1a\u8a08\u4e0a\u306e\u51e6\u7406\u306b\u5f71\u97ff\u3092\u53d7\u3051\u308b\u305f\u3081\u3001\u9069\u5207\u306a\u65b9\u6cd5\u3067\u8a08\u7b97\u3059\u308b\u3053\u3068\u304c\u6c42\u3081\u3089\u308c\u307e\u3059\u3002\u3053\u308c\u306b\u3088\u308a\u3001\u4f01\u696d\u306e\u5b9f\u614b\u3092\u6b63\u78ba\u306b\u53cd\u6620\u3057\u305fEBITDA\u3092\u7b97\u51fa\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002\r\n<h3><span class=\"ez-toc-section\" id=\"EBITDA%E6%B4%BB%E7%94%A8%E6%99%82%E3%81%AE%E8%AA%A4%E8%A7%A3%E3%82%84%E9%96%93%E9%81%95%E3%81%84%E3%82%92%E9%81%BF%E3%81%91%E3%82%8B%E3%83%9D%E3%82%A4%E3%83%B3%E3%83%88\"><\/span>EBITDA\u6d3b\u7528\u6642\u306e\u8aa4\u89e3\u3084\u9593\u9055\u3044\u3092\u907f\u3051\u308b\u30dd\u30a4\u30f3\u30c8<span class=\"ez-toc-section-end\"><\/span><\/h3>\r\nEBITDA\u306f\u4f01\u696d\u306e\u53ce\u76ca\u529b\u3092\u8a55\u4fa1\u3059\u308b\u4e0a\u3067\u975e\u5e38\u306b\u6709\u7528\u306a\u6307\u6a19\u3067\u3059\u304c\u3001\u305d\u306e\u6d3b\u7528\u306b\u306f\u3044\u304f\u3064\u304b\u306e\u6ce8\u610f\u70b9\u304c\u3042\u308a\u307e\u3059\u3002\u3053\u308c\u3089\u306e\u30dd\u30a4\u30f3\u30c8\u3092\u7406\u89e3\u3057\u3001\u9069\u5207\u306b\u6d3b\u7528\u3059\u308b\u3053\u3068\u3067\u3001\u8aa4\u89e3\u3084\u9593\u9055\u3044\u3092\u907f\u3051\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002\r\n\r\n\u307e\u305a\u3001EBITDA\u306f\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u3092\u76f4\u63a5\u8868\u3059\u3082\u306e\u3067\u306f\u306a\u3044\u70b9\u306b\u6ce8\u610f\u304c\u5fc5\u8981\u3067\u3059\u3002EBITDA\u306f\u975e\u73fe\u91d1\u8cbb\u7528\u3067\u3042\u308b\u6e1b\u4fa1\u511f\u5374\u8cbb\u3092\u9664\u5916\u3057\u3066\u8a08\u7b97\u3055\u308c\u307e\u3059\u304c\u3001\u3053\u308c\u306f\u5b9f\u969b\u306e\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306b\u306f\u5f71\u97ff\u3057\u307e\u305b\u3093\u3002\u3057\u305f\u304c\u3063\u3066\u3001EBITDA\u3092\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306e\u4ee3\u66ff\u3068\u3057\u3066\u4f7f\u7528\u3059\u308b\u969b\u306b\u306f\u6ce8\u610f\u304c\u5fc5\u8981\u3067\u3059\u3002\u305f\u3068\u3048\u3070\u3001EBITDA\u304c\u9ad8\u3044\u304b\u3089\u3068\u3044\u3063\u3066\u5fc5\u305a\u3057\u3082\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u304c\u8c4a\u5bcc\u3067\u3042\u308b\u3068\u306f\u9650\u308a\u307e\u305b\u3093\u3002\r\n\r\n\u6b21\u306b\u3001EBITDA\u306f\u4f01\u696d\u306e\u8cc7\u672c\u69cb\u6210\u3084\u7a0e\u8ca0\u62c5\u3092\u7121\u8996\u3057\u3066\u3044\u308b\u305f\u3081\u3001\u4f01\u696d\u9593\u306e\u6bd4\u8f03\u306b\u306f\u614e\u91cd\u3092\u671f\u3059\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002\u7570\u306a\u308b\u8cc7\u672c\u69cb\u6210\u3084\u7a0e\u7387\u3092\u6301\u3064\u4f01\u696d\u9593\u3067EBITDA\u3092\u6bd4\u8f03\u3059\u308b\u969b\u306b\u306f\u3001\u3053\u308c\u3089\u306e\u8981\u7d20\u3092\u8003\u616e\u3059\u308b\u3053\u3068\u304c\u91cd\u8981\u3067\u3059\u3002\u305f\u3068\u3048\u3070\u3001\u9ad8\u3044\u8ca0\u50b5\u6bd4\u7387\u3092\u6301\u3064\u4f01\u696d\u306f\u652f\u6255\u5229\u606f\u304c\u591a\u304f\u306a\u308b\u305f\u3081\u3001EBITDA\u304c\u904e\u5927\u8a55\u4fa1\u3055\u308c\u308b\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u3002\r\n\r\n\u3055\u3089\u306b\u3001EBITDA\u306f\u4e00\u6642\u7684\u306a\u8cbb\u7528\u3084\u53ce\u76ca\u3092\u9664\u5916\u3057\u3066\u3044\u308b\u305f\u3081\u3001\u4f01\u696d\u306e\u7d99\u7d9a\u7684\u306a\u53ce\u76ca\u529b\u3092\u8a55\u4fa1\u3059\u308b\u969b\u306b\u306f\u6ce8\u610f\u304c\u5fc5\u8981\u3067\u3059\u3002\u7279\u306b\u3001M&amp;A\u3084\u5927\u898f\u6a21\u306a\u30ea\u30b9\u30c8\u30e9\u30af\u30c1\u30e3\u30ea\u30f3\u30b0\u3092\u884c\u3046\u4f01\u696d\u3067\u306f\u3001\u4e00\u6642\u7684\u306a\u8cbb\u7528\u304c\u767a\u751f\u3059\u308b\u3053\u3068\u304c\u3042\u308a\u307e\u3059\u3002\u3053\u308c\u3089\u306e\u8cbb\u7528\u3092\u9664\u5916\u3057\u305fEBITDA\u3060\u3051\u3092\u898b\u3066\u3057\u307e\u3046\u3068\u3001\u4f01\u696d\u306e\u5b9f\u969b\u306e\u53ce\u76ca\u529b\u3092\u904e\u5927\u8a55\u4fa1\u3057\u3066\u3057\u307e\u3046\u3053\u3068\u304c\u3042\u308a\u307e\u3059\u3002\r\n\r\n\u307e\u305f\u3001EBITDA\u3092\u4f7f\u7528\u3059\u308b\u969b\u306b\u306f\u3001\u696d\u754c\u7279\u6709\u306e\u4f1a\u8a08\u57fa\u6e96\u3084\u6163\u884c\u3092\u8003\u616e\u3059\u308b\u3053\u3068\u3082\u91cd\u8981\u3067\u3059\u3002\u696d\u754c\u306b\u3088\u3063\u3066\u306f\u3001\u7279\u5b9a\u306e\u8cbb\u7528\u3084\u53ce\u76ca\u304c\u7570\u306a\u308b\u6271\u3044\u3092\u53d7\u3051\u308b\u3053\u3068\u304c\u3042\u308a\u307e\u3059\u3002\u305f\u3068\u3048\u3070\u3001\u4e0d\u52d5\u7523\u696d\u754c\u3067\u306f\u3001\u6e1b\u4fa1\u511f\u5374\u8cbb\u304c\u5927\u304d\u306a\u5272\u5408\u3092\u5360\u3081\u308b\u305f\u3081\u3001EBITDA\u306e\u8a55\u4fa1\u306b\u306f\u7279\u5225\u306a\u6ce8\u610f\u304c\u5fc5\u8981\u3067\u3059\u3002\r\n\r\n\u6700\u5f8c\u306b\u3001EBITDA\u306f\u4ed6\u306e\u8ca1\u52d9\u6307\u6a19\u3068\u4f75\u7528\u3057\u3066\u4f7f\u7528\u3059\u308b\u3053\u3068\u304c\u671b\u307e\u3057\u3044\u3067\u3059\u3002\u5358\u72ec\u3067\u4f7f\u7528\u3059\u308b\u306e\u3067\u306f\u306a\u304f\u3001\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u3084\u7d14\u5229\u76ca\u3001ROE\uff08\u81ea\u5df1\u8cc7\u672c\u5229\u76ca\u7387\uff09\u306a\u3069\u306e\u4ed6\u306e\u6307\u6a19\u3068\u7d44\u307f\u5408\u308f\u305b\u3066\u8a55\u4fa1\u3059\u308b\u3053\u3068\u3067\u3001\u4f01\u696d\u306e\u8ca1\u52d9\u72b6\u6cc1\u3092\u3088\u308a\u7dcf\u5408\u7684\u306b\u628a\u63e1\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002\u3053\u308c\u306b\u3088\u308a\u3001\u8aa4\u89e3\u3084\u9593\u9055\u3044\u3092\u907f\u3051\u3001\u3088\u308a\u6b63\u78ba\u306a\u7d4c\u55b6\u5224\u65ad\u3084\u6295\u8cc7\u5224\u65ad\u3092\u884c\u3046\u3053\u3068\u304c\u53ef\u80fd\u306b\u306a\u308a\u307e\u3059\u3002\r\n\r\n\u4ee5\u4e0a\u306e\u30dd\u30a4\u30f3\u30c8\u3092\u7406\u89e3\u3057\u3001\u9069\u5207\u306bEBITDA\u3092\u6d3b\u7528\u3059\u308b\u3053\u3068\u3067\u3001\u4f01\u696d\u306e\u53ce\u76ca\u529b\u3092\u6b63\u78ba\u306b\u8a55\u4fa1\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002\u4f01\u696d\u306e\u8ca1\u52d9\u5206\u6790\u3084\u6295\u8cc7\u5224\u65ad\u306b\u304a\u3044\u3066\u3001EBITDA\u306f\u975e\u5e38\u306b\u6709\u7528\u306a\u30c4\u30fc\u30eb\u3067\u3042\u308b\u305f\u3081\u3001\u305d\u306e\u6b63\u3057\u3044\u7406\u89e3\u3068\u6d3b\u7528\u304c\u91cd\u8981\u3067\u3059\u3002\r\n<h2><span class=\"ez-toc-section\" id=\"EBITDA%E3%81%A8%E4%BB%96%E3%81%AE%E8%B2%A1%E5%8B%99%E6%8C%87%E6%A8%99%E3%81%AE%E6%AF%94%E8%BC%83\"><\/span>EBITDA\u3068\u4ed6\u306e\u8ca1\u52d9\u6307\u6a19\u306e\u6bd4\u8f03<span class=\"ez-toc-section-end\"><\/span><\/h2>\r\n<h3><span class=\"ez-toc-section\" id=\"EBITDA%E3%81%A8%E5%96%B6%E6%A5%AD%E5%88%A9%E7%9B%8A%E3%81%AE%E9%81%95%E3%81%84%E3%81%A8%E3%81%9D%E3%82%8C%E3%81%9E%E3%82%8C%E3%81%AE%E6%B4%BB%E7%94%A8%E6%B3%95\"><\/span>EBITDA\u3068\u55b6\u696d\u5229\u76ca\u306e\u9055\u3044\u3068\u305d\u308c\u305e\u308c\u306e\u6d3b\u7528\u6cd5<span class=\"ez-toc-section-end\"><\/span><\/h3>\r\nEBITDA\uff08Earnings Before Interest, Taxes, Depreciation, and Amortization\uff09\u3068\u55b6\u696d\u5229\u76ca\u306f\u3001\u4f01\u696d\u306e\u53ce\u76ca\u529b\u3092\u8a55\u4fa1\u3059\u308b\u969b\u306b\u91cd\u8981\u306a\u6307\u6a19\u3067\u3059\u304c\u3001\u305d\u308c\u305e\u308c\u7570\u306a\u308b\u76ee\u7684\u3068\u8996\u70b9\u3092\u6301\u3063\u3066\u3044\u307e\u3059\u3002\u3053\u308c\u3089\u306e\u9055\u3044\u3092\u7406\u89e3\u3059\u308b\u3053\u3068\u3067\u3001\u3088\u308a\u9069\u5207\u306a\u7d4c\u55b6\u5224\u65ad\u3084\u6295\u8cc7\u5224\u65ad\u304c\u53ef\u80fd\u3068\u306a\u308a\u307e\u3059\u3002\r\n<h3><span class=\"ez-toc-section\" id=\"EBITDA%E3%81%AE%E5%AE%9A%E7%BE%A9%E3%81%A8%E5%88%A9%E7%94%A8%E3%82%B7%E3%83%BC%E3%83%B3\"><\/span>EBITDA\u306e\u5b9a\u7fa9\u3068\u5229\u7528\u30b7\u30fc\u30f3<span class=\"ez-toc-section-end\"><\/span><\/h3>\r\nEBITDA\u306f\u3001\u4f01\u696d\u306e\u672c\u696d\u306b\u3088\u308b\u53ce\u76ca\u529b\u3092\u8a55\u4fa1\u3059\u308b\u305f\u3081\u306e\u6307\u6a19\u3067\u3059\u3002\u5177\u4f53\u7684\u306b\u306f\u3001\u5229\u606f\u3001\u7a0e\u91d1\u3001\u6e1b\u4fa1\u511f\u5374\u8cbb\u3092\u63a7\u9664\u3059\u308b\u524d\u306e\u5229\u76ca\u3092\u793a\u3057\u307e\u3059\u3002EBITDA\u306e\u8a08\u7b97\u5f0f\u306f\u4ee5\u4e0b\u306e\u901a\u308a\u3067\u3059\u3002\r\n\r\n<strong>EBITDA = \u55b6\u696d\u5229\u76ca + \u6e1b\u4fa1\u511f\u5374\u8cbb + \u652f\u6255\u5229\u606f + \u6cd5\u4eba\u7a0e<\/strong>\r\n\r\nEBITDA\u306e\u5229\u70b9\u306f\u3001\u4f01\u696d\u306e\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u3092\u3088\u308a\u6b63\u78ba\u306b\u53cd\u6620\u3059\u308b\u70b9\u3067\u3059\u3002\u7279\u306b\u3001\u8a2d\u5099\u6295\u8cc7\u304c\u591a\u3044\u4f01\u696d\u3084\u3001\u5229\u6255\u3044\u306e\u8ca0\u62c5\u304c\u5927\u304d\u3044\u4f01\u696d\u306e\u53ce\u76ca\u529b\u3092\u8a55\u4fa1\u3059\u308b\u969b\u306b\u6709\u52b9\u3067\u3059\u3002\u4f8b\u3048\u3070\u3001\u88fd\u9020\u696d\u3084\u30a4\u30f3\u30d5\u30e9\u4f01\u696d\u306a\u3069\u3067\u306f\u3001\u6e1b\u4fa1\u511f\u5374\u8cbb\u304c\u5927\u304d\u306a\u8ca0\u62c5\u3068\u306a\u308b\u305f\u3081\u3001\u3053\u308c\u3092\u9664\u5916\u3059\u308b\u3053\u3068\u3067\u5b9f\u969b\u306e\u55b6\u696d\u6d3b\u52d5\u306e\u53ce\u76ca\u529b\u3092\u8a55\u4fa1\u3067\u304d\u307e\u3059\u3002\u307e\u305f\u3001M&amp;A\u306e\u969b\u306b\u3082EBITDA\u306f\u91cd\u8981\u306a\u6307\u6a19\u3068\u306a\u308a\u307e\u3059\u3002\u8cb7\u53ce\u5019\u88dc\u4f01\u696d\u306e\u53ce\u76ca\u529b\u3092\u6bd4\u8f03\u3059\u308b\u969b\u306b\u3001EBITDA\u3092\u7528\u3044\u308b\u3053\u3068\u3067\u3001\u3088\u308a\u6b63\u78ba\u306a\u8a55\u4fa1\u304c\u53ef\u80fd\u3068\u306a\u308a\u307e\u3059\u3002\r\n<h3><span class=\"ez-toc-section\" id=\"%E5%96%B6%E6%A5%AD%E5%88%A9%E7%9B%8A%E3%81%AE%E5%AE%9A%E7%BE%A9%E3%81%A8%E5%88%A9%E7%94%A8%E3%82%B7%E3%83%BC%E3%83%B3\"><\/span>\u55b6\u696d\u5229\u76ca\u306e\u5b9a\u7fa9\u3068\u5229\u7528\u30b7\u30fc\u30f3<span class=\"ez-toc-section-end\"><\/span><\/h3>\r\n\u4e00\u65b9\u3001\u55b6\u696d\u5229\u76ca\u306f\u4f01\u696d\u306e\u672c\u696d\u304b\u3089\u751f\u3058\u308b\u5229\u76ca\u3092\u793a\u3057\u307e\u3059\u3002\u55b6\u696d\u5229\u76ca\u306e\u8a08\u7b97\u5f0f\u306f\u4ee5\u4e0b\u306e\u901a\u308a\u3067\u3059\u3002\r\n\r\n<strong>\u55b6\u696d\u5229\u76ca = \u58f2\u4e0a\u9ad8 &#8211; \u58f2\u4e0a\u539f\u4fa1 &#8211; \u8ca9\u58f2\u8cbb\u53ca\u3073\u4e00\u822c\u7ba1\u7406\u8cbb<\/strong>\r\n\r\n\u55b6\u696d\u5229\u76ca\u306f\u3001\u4f01\u696d\u306e\u672c\u696d\u306b\u3088\u308b\u53ce\u76ca\u529b\u3092\u76f4\u63a5\u8a55\u4fa1\u3059\u308b\u6307\u6a19\u3067\u3059\u3002\u55b6\u696d\u5229\u76ca\u306f\u3001\u7d4c\u55b6\u52b9\u7387\u3084\u30b3\u30b9\u30c8\u7ba1\u7406\u306e\u8a55\u4fa1\u306b\u7528\u3044\u3089\u308c\u307e\u3059\u3002\u4f8b\u3048\u3070\u3001\u88fd\u54c1\u3084\u30b5\u30fc\u30d3\u30b9\u306e\u4fa1\u683c\u8a2d\u5b9a\u3001\u30de\u30fc\u30b1\u30c6\u30a3\u30f3\u30b0\u6226\u7565\u3001\u30b3\u30b9\u30c8\u524a\u6e1b\u306e\u52b9\u679c\u3092\u6e2c\u5b9a\u3059\u308b\u969b\u306b\u5229\u7528\u3055\u308c\u307e\u3059\u3002\u307e\u305f\u3001\u682a\u4e3b\u3084\u6295\u8cc7\u5bb6\u306b\u3068\u3063\u3066\u3082\u91cd\u8981\u306a\u6307\u6a19\u3067\u3042\u308a\u3001\u4f01\u696d\u306e\u696d\u7e3e\u3092\u8a55\u4fa1\u3059\u308b\u969b\u306e\u57fa\u672c\u7684\u306a\u6307\u6a19\u3068\u306a\u308a\u307e\u3059\u3002\r\n<h3><span class=\"ez-toc-section\" id=\"%E3%81%9D%E3%82%8C%E3%81%9E%E3%82%8C%E3%81%AE%E6%B4%BB%E7%94%A8%E6%B3%95\"><\/span>\u305d\u308c\u305e\u308c\u306e\u6d3b\u7528\u6cd5<span class=\"ez-toc-section-end\"><\/span><\/h3>\r\nEBITDA\u3068\u55b6\u696d\u5229\u76ca\u306f\u3001\u305d\u308c\u305e\u308c\u7570\u306a\u308b\u8996\u70b9\u3067\u4f01\u696d\u306e\u53ce\u76ca\u529b\u3092\u8a55\u4fa1\u3057\u307e\u3059\u3002EBITDA\u306f\u3001\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306e\u89b3\u70b9\u304b\u3089\u4f01\u696d\u306e\u53ce\u76ca\u529b\u3092\u8a55\u4fa1\u3059\u308b\u969b\u306b\u6709\u52b9\u3067\u3059\u3002\u7279\u306b\u3001M&amp;A\u3084\u6295\u8cc7\u5224\u65ad\u306e\u969b\u306b\u91cd\u8981\u306a\u6307\u6a19\u3068\u306a\u308a\u307e\u3059\u3002\u4e00\u65b9\u3001\u55b6\u696d\u5229\u76ca\u306f\u3001\u4f01\u696d\u306e\u672c\u696d\u306b\u3088\u308b\u53ce\u76ca\u529b\u3092\u8a55\u4fa1\u3059\u308b\u6307\u6a19\u3068\u3057\u3066\u3001\u65e5\u5e38\u306e\u7d4c\u55b6\u7ba1\u7406\u3084\u696d\u7e3e\u8a55\u4fa1\u306b\u7528\u3044\u3089\u308c\u307e\u3059\u3002\u3053\u308c\u3089\u306e\u6307\u6a19\u3092\u9069\u5207\u306b\u4f7f\u3044\u5206\u3051\u308b\u3053\u3068\u3067\u3001\u4f01\u696d\u306e\u53ce\u76ca\u529b\u3092\u591a\u89d2\u7684\u306b\u8a55\u4fa1\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002\r\n<h2><span class=\"ez-toc-section\" id=\"EBITDA%E3%81%A8%E3%83%95%E3%83%AA%E3%83%BC%E3%82%AD%E3%83%A3%E3%83%83%E3%82%B7%E3%83%A5%E3%83%95%E3%83%AD%E3%83%BC%E3%81%AE%E9%96%A2%E4%BF%82%E6%80%A7\"><\/span>EBITDA\u3068\u30d5\u30ea\u30fc\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306e\u95a2\u4fc2\u6027<span class=\"ez-toc-section-end\"><\/span><\/h2>\r\nEBITDA\u3068\u30d5\u30ea\u30fc\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\uff08FCF\uff09\u306f\u3001\u4f01\u696d\u306e\u53ce\u76ca\u529b\u3068\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306e\u5065\u5168\u6027\u3092\u8a55\u4fa1\u3059\u308b\u969b\u306b\u91cd\u8981\u306a\u6307\u6a19\u3067\u3059\u3002\u305d\u308c\u305e\u308c\u306e\u95a2\u4fc2\u6027\u3092\u7406\u89e3\u3059\u308b\u3053\u3068\u3067\u3001\u4f01\u696d\u306e\u8ca1\u52d9\u72b6\u6cc1\u3092\u3088\u308a\u5305\u62ec\u7684\u306b\u628a\u63e1\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002\r\n<h3><span class=\"ez-toc-section\" id=\"%E3%83%95%E3%83%AA%E3%83%BC%E3%82%AD%E3%83%A3%E3%83%83%E3%82%B7%E3%83%A5%E3%83%95%E3%83%AD%E3%83%BC%E3%81%AE%E5%AE%9A%E7%BE%A9%E3%81%A8%E8%A8%88%E7%AE%97%E6%96%B9%E6%B3%95\"><\/span>\u30d5\u30ea\u30fc\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306e\u5b9a\u7fa9\u3068\u8a08\u7b97\u65b9\u6cd5<span class=\"ez-toc-section-end\"><\/span><\/h3>\r\n\u30d5\u30ea\u30fc\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306f\u3001\u4f01\u696d\u304c\u55b6\u696d\u6d3b\u52d5\u306b\u3088\u3063\u3066\u751f\u6210\u3057\u305f\u30ad\u30e3\u30c3\u30b7\u30e5\u304b\u3089\u3001\u8cc7\u672c\u7684\u652f\u51fa\u3092\u5dee\u3057\u5f15\u3044\u305f\u3082\u306e\u3067\u3042\u308a\u3001\u4f01\u696d\u304c\u81ea\u7531\u306b\u4f7f\u3048\u308b\u30ad\u30e3\u30c3\u30b7\u30e5\u306e\u984d\u3092\u793a\u3057\u307e\u3059\u3002\u30d5\u30ea\u30fc\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306e\u8a08\u7b97\u5f0f\u306f\u4ee5\u4e0b\u306e\u901a\u308a\u3067\u3059\u3002\r\n\r\n<strong>FCF = \u55b6\u696d\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc &#8211; \u8cc7\u672c\u7684\u652f\u51fa<\/strong>\r\n\r\n\u3053\u306e\u6307\u6a19\u306f\u3001\u4f01\u696d\u304c\u3069\u308c\u3060\u3051\u306e\u30ad\u30e3\u30c3\u30b7\u30e5\u3092\u751f\u307f\u51fa\u3057\u3066\u3044\u308b\u304b\u3001\u307e\u305f\u3001\u305d\u306e\u30ad\u30e3\u30c3\u30b7\u30e5\u3092\u3069\u306e\u3088\u3046\u306b\u4f7f\u3063\u3066\u3044\u308b\u304b\u3092\u8a55\u4fa1\u3059\u308b\u305f\u3081\u306b\u7528\u3044\u3089\u308c\u307e\u3059\u3002\u7279\u306b\u3001\u6295\u8cc7\u5bb6\u3084\u682a\u4e3b\u306b\u3068\u3063\u3066\u306f\u3001\u914d\u5f53\u652f\u6255\u3044\u3084\u682a\u5f0f\u8cb7\u623b\u3057\u3001\u50b5\u52d9\u8fd4\u6e08\u306b\u5229\u7528\u53ef\u80fd\u306a\u30ad\u30e3\u30c3\u30b7\u30e5\u306e\u984d\u3092\u793a\u3059\u305f\u3081\u3001\u975e\u5e38\u306b\u91cd\u8981\u306a\u6307\u6a19\u3067\u3059\u3002\r\n<h3><span class=\"ez-toc-section\" id=\"EBITDA%E3%81%A8%E3%83%95%E3%83%AA%E3%83%BC%E3%82%AD%E3%83%A3%E3%83%83%E3%82%B7%E3%83%A5%E3%83%95%E3%83%AD%E3%83%BC%E3%81%AE%E9%96%A2%E4%BF%82\"><\/span>EBITDA\u3068\u30d5\u30ea\u30fc\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306e\u95a2\u4fc2<span class=\"ez-toc-section-end\"><\/span><\/h3>\r\nEBITDA\u306f\u3001\u4f01\u696d\u306e\u55b6\u696d\u6d3b\u52d5\u304b\u3089\u751f\u3058\u308b\u53ce\u76ca\u529b\u3092\u793a\u3059\u4e00\u65b9\u3067\u3001\u30d5\u30ea\u30fc\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306f\u3001\u305d\u306e\u53ce\u76ca\u529b\u304c\u5b9f\u969b\u306e\u30ad\u30e3\u30c3\u30b7\u30e5\u3068\u3057\u3066\u3069\u308c\u3060\u3051\u6b8b\u308b\u304b\u3092\u793a\u3057\u307e\u3059\u3002\u4e21\u8005\u306e\u95a2\u4fc2\u3092\u7406\u89e3\u3059\u308b\u3053\u3068\u3067\u3001\u4f01\u696d\u306e\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306e\u5065\u5168\u6027\u3092\u8a55\u4fa1\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002\r\n\r\n\u4f8b\u3048\u3070\u3001EBITDA\u304c\u9ad8\u3044\u4f01\u696d\u3067\u3042\u3063\u3066\u3082\u3001\u8cc7\u672c\u7684\u652f\u51fa\u304c\u5927\u304d\u3044\u5834\u5408\u3001\u30d5\u30ea\u30fc\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306f\u5c11\u306a\u304f\u306a\u308b\u3053\u3068\u304c\u3042\u308a\u307e\u3059\u3002\u3053\u308c\u306f\u3001\u4f01\u696d\u304c\u8a2d\u5099\u6295\u8cc7\u3084\u62e1\u5f35\u306e\u305f\u3081\u306b\u591a\u984d\u306e\u652f\u51fa\u3092\u884c\u3063\u3066\u3044\u308b\u3053\u3068\u3092\u793a\u3057\u3066\u304a\u308a\u3001\u77ed\u671f\u7684\u306b\u306f\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u304c\u5727\u8feb\u3055\u308c\u308b\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u3002\u4e00\u65b9\u3067\u3001\u8cc7\u672c\u7684\u652f\u51fa\u304c\u5c11\u306a\u3044\u5834\u5408\u3001EBITDA\u304c\u305d\u306e\u307e\u307e\u30d5\u30ea\u30fc\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u3068\u3057\u3066\u6b8b\u308b\u305f\u3081\u3001\u4f01\u696d\u306e\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306f\u5065\u5168\u3067\u3042\u308b\u3068\u8a55\u4fa1\u3055\u308c\u307e\u3059\u3002\r\n<h3><span class=\"ez-toc-section\" id=\"%E6%8A%95%E8%B3%87%E5%88%A4%E6%96%AD%E3%81%AB%E3%81%8A%E3%81%91%E3%82%8B%E6%B4%BB%E7%94%A8\"><\/span>\u6295\u8cc7\u5224\u65ad\u306b\u304a\u3051\u308b\u6d3b\u7528<span class=\"ez-toc-section-end\"><\/span><\/h3>\r\nEBITDA\u3068\u30d5\u30ea\u30fc\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306e\u95a2\u4fc2\u3092\u7406\u89e3\u3059\u308b\u3053\u3068\u3067\u3001\u3088\u308a\u7cbe\u5ea6\u306e\u9ad8\u3044\u6295\u8cc7\u5224\u65ad\u304c\u53ef\u80fd\u3068\u306a\u308a\u307e\u3059\u3002\u4f8b\u3048\u3070\u3001\u4f01\u696d\u306e\u6210\u9577\u6027\u3092\u8a55\u4fa1\u3059\u308b\u969b\u306b\u306f\u3001EBITDA\u306e\u5897\u52a0\u50be\u5411\u3092\u898b\u308b\u3053\u3068\u3067\u3001\u55b6\u696d\u6d3b\u52d5\u304b\u3089\u306e\u53ce\u76ca\u529b\u3092\u8a55\u4fa1\u3067\u304d\u307e\u3059\u3002\u4e00\u65b9\u3067\u3001\u30d5\u30ea\u30fc\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306e\u5897\u6e1b\u3092\u78ba\u8a8d\u3059\u308b\u3053\u3068\u3067\u3001\u5b9f\u969b\u306b\u4f7f\u3048\u308b\u30ad\u30e3\u30c3\u30b7\u30e5\u306e\u984d\u3092\u628a\u63e1\u3057\u3001\u4f01\u696d\u306e\u8ca1\u52d9\u5065\u5168\u6027\u3092\u8a55\u4fa1\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002\r\n\r\n\u7dcf\u3058\u3066\u3001EBITDA\u3068\u30d5\u30ea\u30fc\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306f\u3001\u4f01\u696d\u306e\u53ce\u76ca\u529b\u3068\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306e\u5065\u5168\u6027\u3092\u8a55\u4fa1\u3059\u308b\u305f\u3081\u306e\u91cd\u8981\u306a\u6307\u6a19\u3067\u3059\u3002\u3053\u308c\u3089\u306e\u6307\u6a19\u3092\u4f75\u7528\u3059\u308b\u3053\u3068\u3067\u3001\u4f01\u696d\u306e\u8ca1\u52d9\u72b6\u6cc1\u3092\u3088\u308a\u6b63\u78ba\u306b\u628a\u63e1\u3057\u3001\u9069\u5207\u306a\u7d4c\u55b6\u5224\u65ad\u3084\u6295\u8cc7\u5224\u65ad\u3092\u4e0b\u3059\u3053\u3068\u304c\u53ef\u80fd\u3068\u306a\u308a\u307e\u3059\u3002\r\n<h2><span class=\"ez-toc-section\" id=\"EBITDA%E3%82%92%E6%B4%BB%E7%94%A8%E3%81%97%E3%81%9F%E4%BC%81%E6%A5%AD%E5%88%86%E6%9E%90%E3%81%AE%E4%BA%8B%E4%BE%8B\"><\/span>EBITDA\u3092\u6d3b\u7528\u3057\u305f\u4f01\u696d\u5206\u6790\u306e\u4e8b\u4f8b<span class=\"ez-toc-section-end\"><\/span><\/h2>\r\n<h3><span class=\"ez-toc-section\" id=\"EBITDA%E3%82%92%E6%B4%BB%E7%94%A8%E3%81%97%E3%81%9F%E4%BC%81%E6%A5%AD%E5%88%86%E6%9E%90%E3%81%AE%E4%BA%8B%E4%BE%8B-2\"><\/span>EBITDA\u3092\u6d3b\u7528\u3057\u305f\u4f01\u696d\u5206\u6790\u306e\u4e8b\u4f8b<span class=\"ez-toc-section-end\"><\/span><\/h3>\r\nEBITDA\uff08Earnings Before Interest, Taxes, Depreciation, and Amortization\uff09\u306f\u3001\u4f01\u696d\u306e\u53ce\u76ca\u529b\u3092\u8a55\u4fa1\u3059\u308b\u305f\u3081\u306e\u91cd\u8981\u306a\u6307\u6a19\u3068\u3057\u3066\u5e83\u304f\u5229\u7528\u3055\u308c\u3066\u3044\u307e\u3059\u3002\u4ee5\u4e0b\u306b\u3001EBITDA\u3092\u6d3b\u7528\u3057\u305f\u5177\u4f53\u7684\u306a\u4f01\u696d\u5206\u6790\u306e\u4e8b\u4f8b\u3092\u7d39\u4ecb\u3057\u307e\u3059\u3002\r\n\r\n\u307e\u305a\u3001\u3042\u308b\u88fd\u9020\u696d\u4f01\u696d\u306e\u4f8b\u3092\u8003\u3048\u307e\u3059\u3002\u3053\u306e\u4f01\u696d\u306f\u3001\u65b0\u3057\u3044\u88fd\u54c1\u30e9\u30a4\u30f3\u306e\u5c0e\u5165\u3092\u8a08\u753b\u3057\u3066\u304a\u308a\u3001\u305d\u306e\u305f\u3081\u306b\u591a\u984d\u306e\u8a2d\u5099\u6295\u8cc7\u304c\u5fc5\u8981\u3067\u3059\u3002\u5f93\u6765\u306e\u4f1a\u8a08\u6307\u6a19\u3067\u306f\u3001\u3053\u306e\u6295\u8cc7\u304c\u5229\u76ca\u306b\u4e0e\u3048\u308b\u5f71\u97ff\u3092\u6b63\u78ba\u306b\u8a55\u4fa1\u3059\u308b\u3053\u3068\u304c\u96e3\u3057\u3044\u305f\u3081\u3001EBITDA\u3092\u7528\u3044\u308b\u3053\u3068\u3067\u3001\u6295\u8cc7\u306e\u5f71\u97ff\u3092\u9664\u5916\u3057\u305f\u53ce\u76ca\u529b\u3092\u8a55\u4fa1\u3057\u307e\u3059\u3002\u5177\u4f53\u7684\u306b\u306f\u3001\u4ee5\u4e0b\u306e\u3088\u3046\u306a\u5206\u6790\u304c\u884c\u308f\u308c\u307e\u3059\u3002\r\n<ol>\r\n \t<li><strong>\u73fe\u72b6\u5206\u6790<\/strong>: \u73fe\u5728\u306eEBITDA\u3092\u8a08\u7b97\u3057\u3001\u73fe\u884c\u306e\u53ce\u76ca\u529b\u3092\u628a\u63e1\u3057\u307e\u3059\u3002\u4f8b\u3048\u3070\u3001\u58f2\u4e0a\u9ad8\u304c100\u5104\u5186\u3001\u55b6\u696d\u5229\u76ca\u304c20\u5104\u5186\u3001\u6e1b\u4fa1\u511f\u5374\u8cbb\u304c10\u5104\u5186\u3001\u652f\u6255\u5229\u606f\u304c5\u5104\u5186\u3001\u6cd5\u4eba\u7a0e\u304c5\u5104\u5186\u306e\u5834\u5408\u3001EBITDA\u306f40\u5104\u5186\u3068\u306a\u308a\u307e\u3059\u3002<\/li>\r\n \t<li><strong>\u6295\u8cc7\u5f8c\u306e\u53ce\u76ca\u4e88\u6e2c<\/strong>: \u65b0\u3057\u3044\u88fd\u54c1\u30e9\u30a4\u30f3\u5c0e\u5165\u5f8c\u306e\u58f2\u4e0a\u5897\u52a0\u3092\u4e88\u6e2c\u3057\u3001\u305d\u306e\u5f71\u97ff\u3092EBITDA\u306b\u53cd\u6620\u3055\u305b\u307e\u3059\u3002\u4f8b\u3048\u3070\u3001\u65b0\u88fd\u54c1\u30e9\u30a4\u30f3\u306b\u3088\u308a\u58f2\u4e0a\u9ad8\u304c120\u5104\u5186\u306b\u5897\u52a0\u3057\u3001\u55b6\u696d\u5229\u76ca\u304c30\u5104\u5186\u3001\u6e1b\u4fa1\u511f\u5374\u8cbb\u304c15\u5104\u5186\u3068\u306a\u308b\u3068\u3001EBITDA\u306f55\u5104\u5186\u306b\u5897\u52a0\u3057\u307e\u3059\u3002<\/li>\r\n \t<li><strong>\u6bd4\u8f03\u5206\u6790<\/strong>: \u6295\u8cc7\u524d\u5f8c\u306eEBITDA\u3092\u6bd4\u8f03\u3057\u3001\u8a2d\u5099\u6295\u8cc7\u304c\u53ce\u76ca\u529b\u306b\u4e0e\u3048\u308b\u5f71\u97ff\u3092\u8a55\u4fa1\u3057\u307e\u3059\u3002\u3053\u306e\u5834\u5408\u3001EBITDA\u306f15\u5104\u5186\u5897\u52a0\u3057\u3066\u304a\u308a\u3001\u65b0\u88fd\u54c1\u30e9\u30a4\u30f3\u5c0e\u5165\u304c\u4f01\u696d\u306e\u53ce\u76ca\u529b\u3092\u5f37\u5316\u3059\u308b\u3053\u3068\u304c\u78ba\u8a8d\u3067\u304d\u307e\u3059\u3002<\/li>\r\n<\/ol>\r\n\u3053\u306e\u3088\u3046\u306b\u3001EBITDA\u3092\u7528\u3044\u308b\u3053\u3068\u3067\u3001\u8a2d\u5099\u6295\u8cc7\u3084\u6e1b\u4fa1\u511f\u5374\u8cbb\u306e\u5f71\u97ff\u3092\u6392\u9664\u3057\u305f\u4f01\u696d\u306e\u5b9f\u8cea\u7684\u306a\u53ce\u76ca\u529b\u3092\u8a55\u4fa1\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002\u3053\u308c\u306b\u3088\u308a\u3001\u7d4c\u55b6\u8005\u306f\u3088\u308a\u6b63\u78ba\u306a\u6295\u8cc7\u5224\u65ad\u3092\u884c\u3046\u3053\u3068\u304c\u53ef\u80fd\u3068\u306a\u308a\u307e\u3059\u3002\r\n<h3><span class=\"ez-toc-section\" id=\"M_A%E3%81%A7EBITDA%E3%81%8C%E9%87%8D%E8%A6%81%E8%A6%96%E3%81%95%E3%82%8C%E3%82%8B%E7%90%86%E7%94%B1\"><\/span>M&amp;A\u3067EBITDA\u304c\u91cd\u8981\u8996\u3055\u308c\u308b\u7406\u7531<span class=\"ez-toc-section-end\"><\/span><\/h3>\r\nM&amp;A\uff08Mergers and Acquisitions\uff09\u306b\u304a\u3044\u3066\u3001EBITDA\u306f\u4f01\u696d\u4fa1\u5024\u8a55\u4fa1\u306e\u91cd\u8981\u306a\u6307\u6a19\u3068\u3057\u3066\u5e83\u304f\u5229\u7528\u3055\u308c\u3066\u3044\u307e\u3059\u3002\u3053\u308c\u306b\u306f\u3044\u304f\u3064\u304b\u306e\u7406\u7531\u304c\u3042\u308a\u307e\u3059\u3002\r\n<h4>\u53ce\u76ca\u529b\u306e\u6b63\u78ba\u306a\u8a55\u4fa1<\/h4>\r\nEBITDA\u306f\u3001\u5229\u606f\u3001\u7a0e\u91d1\u3001\u6e1b\u4fa1\u511f\u5374\u8cbb\u3092\u9664\u5916\u3057\u3066\u8a08\u7b97\u3055\u308c\u308b\u305f\u3081\u3001\u4f01\u696d\u306e\u7d14\u7c8b\u306a\u53ce\u76ca\u529b\u3092\u8a55\u4fa1\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002\u7279\u306b\u3001\u7570\u306a\u308b\u7a0e\u7387\u3084\u8cc7\u672c\u69cb\u6210\u3092\u6301\u3064\u4f01\u696d\u9593\u306e\u6bd4\u8f03\u304c\u5bb9\u6613\u306b\u306a\u308a\u307e\u3059\u3002\u3053\u308c\u306b\u3088\u308a\u3001\u8cb7\u53ce\u5bfe\u8c61\u4f01\u696d\u306e\u53ce\u76ca\u529b\u3092\u6b63\u78ba\u306b\u628a\u63e1\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u3001\u9069\u5207\u306a\u8cb7\u53ce\u4fa1\u683c\u3092\u8a2d\u5b9a\u3059\u308b\u969b\u306b\u5f79\u7acb\u3061\u307e\u3059\u3002\r\n<h4>\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306e\u8a55\u4fa1<\/h4>\r\nEBITDA\u306f\u3001\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u3092\u76f4\u63a5\u7684\u306b\u8a55\u4fa1\u3059\u308b\u6307\u6a19\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u304c\u3001\u30ad\u30e3\u30c3\u30b7\u30e5\u751f\u6210\u80fd\u529b\u306e\u4e00\u3064\u306e\u76ee\u5b89\u3068\u306a\u308a\u307e\u3059\u3002M&amp;A\u306b\u304a\u3044\u3066\u306f\u3001\u8cb7\u53ce\u5f8c\u306e\u4f01\u696d\u304c\u3069\u308c\u3060\u3051\u306e\u30ad\u30e3\u30c3\u30b7\u30e5\u3092\u751f\u307f\u51fa\u3059\u3053\u3068\u304c\u3067\u304d\u308b\u304b\u304c\u91cd\u8981\u3067\u3059\u3002EBITDA\u304c\u9ad8\u3044\u4f01\u696d\u306f\u3001\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u3082\u9ad8\u3044\u50be\u5411\u306b\u3042\u308b\u305f\u3081\u3001\u8cb7\u53ce\u5f8c\u306e\u53ce\u76ca\u6027\u3092\u8a55\u4fa1\u3059\u308b\u969b\u306b\u6709\u52b9\u3067\u3059\u3002\r\n<h4>\u4e00\u6642\u7684\u306a\u8981\u56e0\u306e\u6392\u9664<\/h4>\r\nM&amp;A\u3067\u306f\u3001\u4e00\u6642\u7684\u306a\u8cbb\u7528\u3084\u53ce\u76ca\u3092\u9664\u5916\u3057\u3066\u4f01\u696d\u306e\u6301\u7d9a\u7684\u306a\u53ce\u76ca\u529b\u3092\u8a55\u4fa1\u3059\u308b\u3053\u3068\u304c\u91cd\u8981\u3067\u3059\u3002EBITDA\u306f\u3053\u308c\u3092\u53ef\u80fd\u306b\u3059\u308b\u305f\u3081\u3001\u8cb7\u53ce\u5bfe\u8c61\u4f01\u696d\u306e\u771f\u306e\u53ce\u76ca\u529b\u3092\u628a\u63e1\u3059\u308b\u306e\u306b\u9069\u3057\u3066\u3044\u307e\u3059\u3002\u4f8b\u3048\u3070\u3001\u7279\u5225\u640d\u5931\u3084\u4e00\u6642\u7684\u306a\u30ea\u30b9\u30c8\u30e9\u30af\u30c1\u30e3\u30ea\u30f3\u30b0\u8cbb\u7528\u3092\u9664\u5916\u3059\u308b\u3053\u3068\u3067\u3001\u4f01\u696d\u306e\u901a\u5e38\u306e\u55b6\u696d\u6d3b\u52d5\u306b\u3088\u308b\u53ce\u76ca\u529b\u3092\u8a55\u4fa1\u3067\u304d\u307e\u3059\u3002\r\n<h4>\u8cc7\u672c\u69cb\u6210\u306e\u9055\u3044\u3092\u8abf\u6574<\/h4>\r\n\u7570\u306a\u308b\u8cc7\u672c\u69cb\u6210\u3092\u6301\u3064\u4f01\u696d\u9593\u306e\u6bd4\u8f03\u3092\u884c\u3046\u969b\u306b\u3001EBITDA\u306f\u975e\u5e38\u306b\u6709\u7528\u3067\u3059\u3002\u5229\u606f\u3084\u7a0e\u91d1\u306e\u5f71\u97ff\u3092\u9664\u5916\u3059\u308b\u3053\u3068\u3067\u3001\u4f01\u696d\u306e\u55b6\u696d\u6d3b\u52d5\u306b\u3088\u308b\u7d14\u7c8b\u306a\u53ce\u76ca\u529b\u3092\u6bd4\u8f03\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002\u3053\u308c\u306b\u3088\u308a\u3001\u7570\u306a\u308b\u8ca0\u50b5\u6bd4\u7387\u3084\u7a0e\u7387\u3092\u6301\u3064\u4f01\u696d\u9593\u3067\u306e\u516c\u6b63\u306a\u6bd4\u8f03\u304c\u53ef\u80fd\u3068\u306a\u308a\u307e\u3059\u3002\r\n\r\n\u3053\u308c\u3089\u306e\u7406\u7531\u304b\u3089\u3001M&amp;A\u306b\u304a\u3044\u3066EBITDA\u306f\u91cd\u8981\u306a\u8a55\u4fa1\u6307\u6a19\u3068\u3057\u3066\u5e83\u304f\u5229\u7528\u3055\u308c\u3066\u3044\u307e\u3059\u3002\u8cb7\u53ce\u5bfe\u8c61\u4f01\u696d\u306e\u771f\u306e\u53ce\u76ca\u529b\u3092\u628a\u63e1\u3057\u3001\u9069\u5207\u306a\u8cb7\u53ce\u4fa1\u683c\u3092\u8a2d\u5b9a\u3059\u308b\u305f\u3081\u306b\u3001EBITDA\u306e\u6d3b\u7528\u306f\u6b20\u304b\u305b\u307e\u305b\u3093\u3002\r\n<h3><span class=\"ez-toc-section\" id=\"EBITDA%E3%82%92%E7%94%A8%E3%81%84%E3%81%9F%E4%BC%81%E6%A5%AD%E3%81%AE%E6%A5%AD%E7%B8%BE%E6%94%B9%E5%96%84%E6%88%A6%E7%95%A5\"><\/span>EBITDA\u3092\u7528\u3044\u305f\u4f01\u696d\u306e\u696d\u7e3e\u6539\u5584\u6226\u7565<span class=\"ez-toc-section-end\"><\/span><\/h3>\r\nEBITDA\u306f\u4f01\u696d\u306e\u53ce\u76ca\u529b\u3092\u8a55\u4fa1\u3059\u308b\u305f\u3081\u306e\u6307\u6a19\u3067\u3042\u308b\u3068\u540c\u6642\u306b\u3001\u696d\u7e3e\u6539\u5584\u306e\u305f\u3081\u306e\u6226\u7565\u7b56\u5b9a\u306b\u3082\u5f79\u7acb\u3061\u307e\u3059\u3002\u4ee5\u4e0b\u306b\u3001EBITDA\u3092\u7528\u3044\u305f\u5177\u4f53\u7684\u306a\u696d\u7e3e\u6539\u5584\u6226\u7565\u306e\u4e8b\u4f8b\u3092\u7d39\u4ecb\u3057\u307e\u3059\u3002\r\n<h4>\u30b3\u30b9\u30c8\u524a\u6e1b\u306e\u512a\u5148\u9806\u4f4d\u8a2d\u5b9a<\/h4>\r\nEBITDA\u3092\u5206\u6790\u3059\u308b\u3053\u3068\u3067\u3001\u4f01\u696d\u306e\u30b3\u30b9\u30c8\u69cb\u9020\u3092\u628a\u63e1\u3057\u3001\u3069\u306e\u30b3\u30b9\u30c8\u524a\u6e1b\u304c\u53ce\u76ca\u6027\u306b\u6700\u3082\u52b9\u679c\u7684\u304b\u3092\u5224\u65ad\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002\u4f8b\u3048\u3070\u3001\u88fd\u9020\u696d\u306b\u304a\u3044\u3066\u306f\u3001\u539f\u6750\u6599\u8cbb\u3084\u88fd\u9020\u30b3\u30b9\u30c8\u306e\u524a\u6e1b\u304c\u76f4\u63a5\u7684\u306bEBITDA\u3092\u5897\u52a0\u3055\u305b\u308b\u52b9\u679c\u304c\u3042\u308a\u307e\u3059\u3002\u5177\u4f53\u7684\u306a\u65bd\u7b56\u3068\u3057\u3066\u306f\u3001\u539f\u6750\u6599\u306e\u8abf\u9054\u5148\u306e\u898b\u76f4\u3057\u3084\u751f\u7523\u30d7\u30ed\u30bb\u30b9\u306e\u52b9\u7387\u5316\u304c\u8003\u3048\u3089\u308c\u307e\u3059\u3002\r\n<h4>\u53ce\u76ca\u6027\u306e\u9ad8\u3044\u4e8b\u696d\u3078\u306e\u6ce8\u529b<\/h4>\r\nEBITDA\u3092\u7528\u3044\u308b\u3053\u3068\u3067\u3001\u5404\u4e8b\u696d\u90e8\u9580\u306e\u53ce\u76ca\u6027\u3092\u8a55\u4fa1\u3057\u3001\u6700\u3082\u53ce\u76ca\u6027\u306e\u9ad8\u3044\u4e8b\u696d\u306b\u30ea\u30bd\u30fc\u30b9\u3092\u96c6\u4e2d\u3055\u305b\u308b\u6226\u7565\u3092\u7acb\u3066\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002\u4f8b\u3048\u3070\u3001\u3042\u308b\u4f01\u696d\u304c\u8907\u6570\u306e\u4e8b\u696d\u3092\u5c55\u958b\u3057\u3066\u3044\u308b\u5834\u5408\u3001\u5404\u4e8b\u696d\u306eEBITDA\u3092\u6bd4\u8f03\u3059\u308b\u3053\u3068\u3067\u3001\u3069\u306e\u4e8b\u696d\u304c\u6700\u3082\u53ce\u76ca\u6027\u304c\u9ad8\u3044\u304b\u3092\u5224\u65ad\u3057\u3001\u305d\u306e\u4e8b\u696d\u306b\u6295\u8cc7\u3092\u96c6\u4e2d\u3055\u305b\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002\r\n<h4>\u8cc7\u672c\u69cb\u6210\u306e\u6700\u9069\u5316<\/h4>\r\nEBITDA\u3092\u7528\u3044\u308b\u3053\u3068\u3067\u3001\u4f01\u696d\u306e\u8cc7\u672c\u69cb\u6210\u3092\u6700\u9069\u5316\u3059\u308b\u305f\u3081\u306e\u6226\u7565\u3092\u7b56\u5b9a\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002\u9ad8\u3044\u5229\u606f\u8ca0\u62c5\u304c\u3042\u308b\u5834\u5408\u3001\u8ca0\u50b5\u3092\u524a\u6e1b\u3057\u3001EBITDA\u3092\u5411\u4e0a\u3055\u305b\u308b\u3053\u3068\u3067\u3001\u4f01\u696d\u306e\u8ca1\u52d9\u5065\u5168\u6027\u3092\u9ad8\u3081\u308b\u3053\u3068\u304c\u53ef\u80fd\u3067\u3059\u3002\u5177\u4f53\u7684\u306a\u65bd\u7b56\u3068\u3057\u3066\u306f\u3001\u8cc7\u672c\u5897\u5f37\u3084\u8ca0\u50b5\u8fd4\u6e08\u8a08\u753b\u306e\u898b\u76f4\u3057\u304c\u8003\u3048\u3089\u308c\u307e\u3059\u3002\r\n<h4>\u6210\u9577\u6226\u7565\u306e\u7b56\u5b9a<\/h4>\r\nEBITDA\u306e\u5206\u6790\u3092\u901a\u3058\u3066\u3001\u4f01\u696d\u306e\u6210\u9577\u6226\u7565\u3092\u7b56\u5b9a\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002\u4f8b\u3048\u3070\u3001EBITDA\u306e\u5897\u52a0\u3092\u76ee\u6307\u3059\u305f\u3081\u306b\u3001\u65b0\u898f\u4e8b\u696d\u306e\u7acb\u3061\u4e0a\u3052\u3084\u5e02\u5834\u62e1\u5927\u3092\u691c\u8a0e\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002\u3053\u308c\u306b\u3088\u308a\u3001\u4f01\u696d\u306f\u6301\u7d9a\u7684\u306a\u6210\u9577\u3092\u5b9f\u73fe\u3059\u308b\u305f\u3081\u306e\u5177\u4f53\u7684\u306a\u30a2\u30af\u30b7\u30e7\u30f3\u30d7\u30e9\u30f3\u3092\u7b56\u5b9a\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002\r\n<h4>\u52b9\u7387\u7684\u306a\u6295\u8cc7\u6226\u7565\u306e\u7acb\u6848<\/h4>\r\nEBITDA\u3092\u7528\u3044\u308b\u3053\u3068\u3067\u3001\u4f01\u696d\u306e\u6295\u8cc7\u6226\u7565\u3092\u52b9\u7387\u7684\u306b\u7acb\u6848\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002EBITDA\u3092\u57fa\u306b\u3057\u305f\u6295\u8cc7\u52b9\u679c\u306e\u8a55\u4fa1\u3092\u884c\u3046\u3053\u3068\u3067\u3001\u3069\u306e\u6295\u8cc7\u304c\u6700\u3082\u9ad8\u3044\u30ea\u30bf\u30fc\u30f3\u3092\u3082\u305f\u3089\u3059\u304b\u3092\u5224\u65ad\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002\u3053\u308c\u306b\u3088\u308a\u3001\u4f01\u696d\u306f\u8cc7\u672c\u306e\u6700\u9069\u306a\u914d\u5206\u3092\u884c\u3044\u3001\u53ce\u76ca\u6027\u3092\u6700\u5927\u5316\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002\r\n\r\n\u3053\u308c\u3089\u306e\u6226\u7565\u3092\u901a\u3058\u3066\u3001EBITDA\u3092\u6d3b\u7528\u3059\u308b\u3053\u3068\u3067\u4f01\u696d\u306e\u696d\u7e3e\u6539\u5584\u3092\u56f3\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002\u4f01\u696d\u306e\u53ce\u76ca\u529b\u3092\u6b63\u78ba\u306b\u8a55\u4fa1\u3057\u3001\u5177\u4f53\u7684\u306a\u6539\u5584\u65bd\u7b56\u3092\u7b56\u5b9a\u3059\u308b\u305f\u3081\u306b\u3001EBITDA\u306f\u975e\u5e38\u306b\u6709\u7528\u306a\u6307\u6a19\u3068\u306a\u308a\u307e\u3059\u3002\r\n<h2><span class=\"ez-toc-section\" id=\"EBITDA%E3%82%92%E6%B4%BB%E7%94%A8%E3%81%97%E3%81%A6%E6%8A%95%E8%B3%87%E5%88%A4%E6%96%AD%E3%82%92%E8%A1%8C%E3%81%86%E6%96%B9%E6%B3%95\"><\/span>EBITDA\u3092\u6d3b\u7528\u3057\u3066\u6295\u8cc7\u5224\u65ad\u3092\u884c\u3046\u65b9\u6cd5<span class=\"ez-toc-section-end\"><\/span><\/h2>\r\nEBITDA\uff08Earnings Before Interest, Taxes, Depreciation, and Amortization\uff09\u306f\u3001\u4f01\u696d\u306e\u55b6\u696d\u5229\u76ca\u306b\u6e1b\u4fa1\u511f\u5374\u8cbb\u3092\u52a0\u3048\u305f\u3082\u306e\u3067\u3001\u4f01\u696d\u306e\u53ce\u76ca\u529b\u3092\u793a\u3059\u6307\u6a19\u3068\u3057\u3066\u5e83\u304f\u4f7f\u308f\u308c\u3066\u3044\u307e\u3059\u3002\u6295\u8cc7\u5224\u65ad\u3092\u884c\u3046\u969b\u306bEBITDA\u3092\u6d3b\u7528\u3059\u308b\u65b9\u6cd5\u3092\u4ee5\u4e0b\u306b\u793a\u3057\u307e\u3059\u3002\r\n<ol>\r\n \t<li><strong>\u4f01\u696d\u306e\u53ce\u76ca\u529b\u8a55\u4fa1<\/strong>:\r\n<ul>\r\n \t<li>EBITDA\u306f\u3001\u91d1\u5229\u3001\u7a0e\u91d1\u3001\u6e1b\u4fa1\u511f\u5374\u306e\u5f71\u97ff\u3092\u6392\u9664\u3057\u3066\u3044\u308b\u305f\u3081\u3001\u4f01\u696d\u306e\u672c\u6765\u306e\u53ce\u76ca\u529b\u3092\u793a\u3057\u307e\u3059\u3002\u3053\u308c\u306b\u3088\u308a\u3001\u7570\u306a\u308b\u7a0e\u5236\u3084\u8ca1\u52d9\u72b6\u6cc1\u3092\u6301\u3064\u4f01\u696d\u9593\u3067\u306e\u6bd4\u8f03\u304c\u5bb9\u6613\u306b\u306a\u308a\u307e\u3059\u3002<\/li>\r\n<\/ul>\r\n<\/li>\r\n \t<li><strong>M&amp;A\u306e\u8a55\u4fa1<\/strong>:\r\n<ul>\r\n \t<li>\u8cb7\u53ce\u5bfe\u8c61\u4f01\u696d\u306eEBITDA\u3092\u57fa\u306b\u8a55\u4fa1\u3092\u884c\u3046\u3053\u3068\u3067\u3001\u6295\u8cc7\u306e\u4fa1\u5024\u3092\u5224\u65ad\u3057\u307e\u3059\u3002\u7279\u306bEBITDA\u500d\u7387\uff08EV\/EBITDA\uff09\u3092\u7528\u3044\u308b\u3053\u3068\u3067\u3001\u4f01\u696d\u306e\u5e02\u5834\u4fa1\u5024\u3068\u53ce\u76ca\u529b\u306e\u30d0\u30e9\u30f3\u30b9\u3092\u8a55\u4fa1\u3067\u304d\u307e\u3059\u3002<\/li>\r\n<\/ul>\r\n<\/li>\r\n \t<li><strong>EBITDA\u30de\u30fc\u30b8\u30f3\u306e\u5206\u6790<\/strong>:\r\n<ul>\r\n \t<li>EBITDA\u3092\u58f2\u4e0a\u9ad8\u3067\u5272\u308b\u3053\u3068\u3067EBITDA\u30de\u30fc\u30b8\u30f3\u3092\u7b97\u51fa\u3057\u3001\u4f01\u696d\u306e\u53ce\u76ca\u6027\u3092\u8a55\u4fa1\u3057\u307e\u3059\u3002\u9ad8\u3044EBITDA\u30de\u30fc\u30b8\u30f3\u306f\u52b9\u7387\u7684\u306a\u904b\u55b6\u3092\u793a\u3057\u307e\u3059\u3002<\/li>\r\n<\/ul>\r\n<\/li>\r\n \t<li><strong>\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306e\u63a8\u5b9a<\/strong>:\r\n<ul>\r\n \t<li>EBITDA\u306f\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306e\u6307\u6a19\u3068\u3057\u3066\u3082\u5229\u7528\u3055\u308c\u307e\u3059\u3002\u7279\u306b\u3001\u6e1b\u4fa1\u511f\u5374\u8cbb\u304c\u5927\u304d\u3044\u4f01\u696d\u3067\u306f\u3001\u5b9f\u969b\u306e\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u3092\u628a\u63e1\u3059\u308b\u305f\u3081\u306b\u6709\u52b9\u3067\u3059\u3002<\/li>\r\n<\/ul>\r\n<\/li>\r\n \t<li><strong>\u30b0\u30ed\u30fc\u30d0\u30eb\u6bd4\u8f03<\/strong>:\r\n<ul>\r\n \t<li>\u7570\u306a\u308b\u56fd\u3084\u696d\u754c\u306e\u4f01\u696d\u3092\u6bd4\u8f03\u3059\u308b\u969b\u306b\u3001EBITDA\u306f\u6709\u7528\u3067\u3059\u3002\u7a0e\u5236\u3084\u91d1\u5229\u74b0\u5883\u306e\u7570\u306a\u308b\u5730\u57df\u9593\u3067\u306e\u6bd4\u8f03\u304c\u3057\u3084\u3059\u304f\u306a\u308a\u307e\u3059\u3002<\/li>\r\n<\/ul>\r\n<\/li>\r\n<\/ol>\r\n<h2><span class=\"ez-toc-section\" id=\"%E3%81%BE%E3%81%A8%E3%82%81\"><\/span>\u307e\u3068\u3081<span class=\"ez-toc-section-end\"><\/span><\/h2>\r\nEBITDA\u306f\u4f01\u696d\u306e\u53ce\u76ca\u529b\u3092\u8a55\u4fa1\u3059\u308b\u305f\u3081\u306e\u91cd\u8981\u306a\u6307\u6a19\u3067\u3042\u308a\u3001\u591a\u5c90\u306b\u308f\u305f\u308b\u5834\u9762\u3067\u305d\u306e\u6d3b\u7528\u304c\u53ef\u80fd\u3067\u3059\u3002\u307e\u305a\u3001EBITDA\u306f\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306e\u8996\u70b9\u304b\u3089\u4f01\u696d\u306e\u53ce\u76ca\u529b\u3092\u8a55\u4fa1\u3067\u304d\u308b\u305f\u3081\u3001\u6295\u8cc7\u5bb6\u3084\u7d4c\u55b6\u8005\u306b\u3068\u3063\u3066\u975e\u5e38\u306b\u6709\u7528\u3067\u3059\u3002\u7279\u306b\u3001\u8a2d\u5099\u6295\u8cc7\u304c\u591a\u3044\u4f01\u696d\u3084\u8ca0\u50b5\u306e\u5927\u304d\u3044\u4f01\u696d\u306e\u5834\u5408\u3001EBITDA\u3092\u7528\u3044\u308b\u3053\u3068\u3067\u7d14\u7c8b\u306a\u55b6\u696d\u6d3b\u52d5\u306e\u6210\u679c\u3092\u6b63\u78ba\u306b\u628a\u63e1\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002\r\n\r\n\u307e\u305f\u3001M&amp;A\u306e\u5834\u9762\u3067\u306f\u3001EBITDA\u306f\u8cb7\u53ce\u5bfe\u8c61\u4f01\u696d\u306e\u53ce\u76ca\u529b\u3092\u8a55\u4fa1\u3059\u308b\u305f\u3081\u306e\u6a19\u6e96\u7684\u306a\u6307\u6a19\u3068\u306a\u308a\u307e\u3059\u3002\u3053\u308c\u306b\u3088\u308a\u3001\u7570\u306a\u308b\u4f01\u696d\u9593\u306e\u53ce\u76ca\u529b\u3092\u516c\u5e73\u306b\u6bd4\u8f03\u3059\u308b\u3053\u3068\u304c\u53ef\u80fd\u3068\u306a\u308a\u3001\u9069\u5207\u306a\u8cb7\u53ce\u4fa1\u683c\u306e\u8a2d\u5b9a\u3084\u6295\u8cc7\u5224\u65ad\u304c\u884c\u3044\u3084\u3059\u304f\u306a\u308a\u307e\u3059\u3002\r\n\r\n\u3055\u3089\u306b\u3001\u696d\u7e3e\u6539\u5584\u3084\u6226\u7565\u7b56\u5b9a\u306e\u5834\u9762\u3067\u3082\u3001EBITDA\u306f\u91cd\u8981\u306a\u5f79\u5272\u3092\u679c\u305f\u3057\u307e\u3059\u3002\u30b3\u30b9\u30c8\u524a\u6e1b\u3084\u6210\u9577\u6226\u7565\u306e\u7b56\u5b9a\u306b\u304a\u3044\u3066\u3001EBITDA\u306e\u5206\u6790\u3092\u901a\u3058\u3066\u52b9\u679c\u7684\u306a\u65bd\u7b56\u3092\u898b\u3064\u3051\u51fa\u3059\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002\u305f\u3068\u3048\u3070\u3001\u53ce\u76ca\u6027\u306e\u9ad8\u3044\u4e8b\u696d\u3078\u306e\u96c6\u4e2d\u3084\u8cc7\u672c\u69cb\u6210\u306e\u6700\u9069\u5316\u306a\u3069\u3001\u5177\u4f53\u7684\u306a\u6539\u5584\u7b56\u3092\u7acb\u6848\u3059\u308b\u969b\u306b\u5f79\u7acb\u3061\u307e\u3059\u3002\r\n\r\n\u4e00\u65b9\u3067\u3001EBITDA\u3092\u5229\u7528\u3059\u308b\u969b\u306b\u306f\u6ce8\u610f\u304c\u5fc5\u8981\u3067\u3059\u3002\u975e\u73fe\u91d1\u8cbb\u7528\u3092\u9664\u5916\u3057\u3066\u3044\u308b\u305f\u3081\u3001\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u3092\u904e\u5927\u8a55\u4fa1\u3059\u308b\u30ea\u30b9\u30af\u304c\u3042\u308b\u3053\u3068\u3084\u3001\u7a0e\u5236\u3084\u8cc7\u672c\u69cb\u6210\u306e\u9055\u3044\u3092\u8003\u616e\u3057\u306a\u3044\u305f\u3081\u3001\u4f01\u696d\u9593\u6bd4\u8f03\u306e\u969b\u306b\u306f\u88dc\u8db3\u7684\u306a\u5206\u6790\u304c\u6c42\u3081\u3089\u308c\u308b\u3053\u3068\u304c\u6319\u3052\u3089\u308c\u307e\u3059\u3002\r\n\r\n\u7dcf\u3058\u3066\u3001EBITDA\u306f\u591a\u69d8\u306a\u5834\u9762\u3067\u6709\u7528\u306a\u6307\u6a19\u3067\u3059\u304c\u3001\u305d\u306e\u7279\u6027\u3068\u9650\u754c\u3092\u7406\u89e3\u3057\u3001\u4ed6\u306e\u6307\u6a19\u3068\u4f75\u7528\u3057\u3066\u7dcf\u5408\u7684\u306a\u8a55\u4fa1\u3092\u884c\u3046\u3053\u3068\u304c\u91cd\u8981\u3067\u3059\u3002\u3053\u308c\u306b\u3088\u308a\u3001\u4f01\u696d\u306e\u771f\u306e\u53ce\u76ca\u529b\u3092\u628a\u63e1\u3057\u3001\u3088\u308a\u7684\u78ba\u306a\u7d4c\u55b6\u5224\u65ad\u3084\u6295\u8cc7\u5224\u65ad\u3092\u4e0b\u3059\u3053\u3068\u304c\u3067\u304d\u308b\u3067\u3057\u3087\u3046\u3002\r\n\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>","protected":false},"excerpt":{"rendered":"<p>\u4f01\u696d\u306e\u53ce\u76ca\u529b\u3092\u6b63\u78ba\u306b\u8a55\u4fa1\u3057\u3001\u6301\u7d9a\u7684\u306a\u6210\u9577\u3092\u5b9f\u73fe\u3059\u308b\u305f\u3081\u306b\u306f\u3001\u9069\u5207\u306a\u8ca1\u52d9\u6307\u6a19\u3092\u6d3b\u7528\u3059\u308b\u3053\u3068\u304c\u4e0d\u53ef\u6b20\u3067\u3059\u3002\u305d\u306e\u4e2d\u3067\u3082EBITDA\uff08Earnings Before Interest, Taxes, Depreciation, &hellip; <a class=\"more-link\" href=\"https:\/\/librus.co.jp\/jigyou_shokei\/new\/strategy\/1855\">\u7d9a\u304d\u3092\u8aad\u3080 <span class=\"screen-reader-text\">EBITDA\u3092\u4f7f\u3044\u3053\u306a\u3057\u3066\u4f01\u696d\u6210\u9577\u3092\u52a0\u901f\u3055\u305b\u308b\u65b9\u6cd5\uff1a\u53ce\u76ca\u6027\u3068\u6295\u8cc7\u5224\u65ad\u306e\u8a73\u7d30\u30ac\u30a4\u30c9<\/span><\/a><\/p>\n","protected":false},"author":4,"featured_media":1856,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[328,329],"tags":[594,595,109,593],"class_list":{"0":"post-1855","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category-strategy","8":"category-finance","9":"tag-ebitda-","10":"tag-ebitda","13":"entry"},"acf":[],"aioseo_notices":[],"views":2343,"_links":{"self":[{"href":"https:\/\/librus.co.jp\/jigyou_shokei\/wp-json\/wp\/v2\/posts\/1855","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/librus.co.jp\/jigyou_shokei\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/librus.co.jp\/jigyou_shokei\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/librus.co.jp\/jigyou_shokei\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/librus.co.jp\/jigyou_shokei\/wp-json\/wp\/v2\/comments?post=1855"}],"version-history":[{"count":3,"href":"https:\/\/librus.co.jp\/jigyou_shokei\/wp-json\/wp\/v2\/posts\/1855\/revisions"}],"predecessor-version":[{"id":1859,"href":"https:\/\/librus.co.jp\/jigyou_shokei\/wp-json\/wp\/v2\/posts\/1855\/revisions\/1859"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/librus.co.jp\/jigyou_shokei\/wp-json\/wp\/v2\/media\/1856"}],"wp:attachment":[{"href":"https:\/\/librus.co.jp\/jigyou_shokei\/wp-json\/wp\/v2\/media?parent=1855"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/librus.co.jp\/jigyou_shokei\/wp-json\/wp\/v2\/categories?post=1855"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/librus.co.jp\/jigyou_shokei\/wp-json\/wp\/v2\/tags?post=1855"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}