{"id":411,"date":"2026-08-12T20:55:47","date_gmt":"2026-08-12T11:55:47","guid":{"rendered":"https:\/\/the-seikai.com\/?p=411"},"modified":"2026-08-12T20:59:33","modified_gmt":"2026-08-12T11:59:33","slug":"ebidat%e3%81%a3%e3%81%a6%e4%bd%95%ef%bc%9f%e6%8a%95%e8%b3%87%e5%88%9d%e5%bf%83%e8%80%85%e3%81%ae%e3%81%9f%e3%82%81%e3%81%ae%e3%82%84%e3%81%95%e3%81%97%e3%81%84%e8%a7%a3%e8%aa%ac","status":"publish","type":"post","link":"https:\/\/the-seikai.com\/?p=411","title":{"rendered":"EBITDA\u3063\u3066\u4f55\uff1f\u6295\u8cc7\u521d\u5fc3\u8005\u306e\u305f\u3081\u306e\u3084\u3055\u3057\u3044\u89e3\u8aac"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">\u6295\u8cc7\u306e\u52c9\u5f37\u3092\u3057\u3066\u3044\u308b\u3068\u5fc5\u305a\u767b\u5834\u3059\u308b\u300cEBITDA\uff08\u30a4\u30fc\u30d3\u30c3\u30c8\u30c7\u30a3\u30fc\u30a8\u30fc\u3001\u307e\u305f\u306f\u30a8\u30d3\u30fc\u30bf\uff09\u300d\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u30a2\u30eb\u30d5\u30a1\u30d9\u30c3\u30c8\u306e\u7f85\u5217\u306a\u306e\u3067\u3001\u300c\u4f55\u56de\u805e\u3044\u3066\u3082\u3064\u3044\u5fd8\u308c\u3066\u3057\u307e\u3046\u2026\u300d\u3068\u3044\u3046\u65b9\u3082\u591a\u3044\u306e\u3067\u306f\u306a\u3044\u3067\u3057\u3087\u3046\u304b\uff1f<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u7d50\u8ad6\u304b\u3089\u8a00\u3046\u3068\u3001EBITDA\u306f<strong><span class=\"swl-marker mark_yellow\">\u300c\u4f1a\u793e\u304c\u672c\u696d\u3067\u3069\u308c\u3060\u3051\u73fe\u91d1\uff08\u30ad\u30e3\u30c3\u30b7\u30e5\uff09\u3092\u7a3c\u3050\u529b\u304c\u3042\u308b\u304b\u300d<\/span><\/strong>\u3092\u8868\u3059\u975e\u5e38\u306b\u91cd\u8981\u306a\u6307\u6a19\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3053\u306e\u8a18\u4e8b\u3067\u306f\u3001EBITDA\u306e\u57fa\u672c\u7684\u306a\u610f\u5473\u304b\u3089\u3001\u5b9f\u969b\u306e\u6295\u8cc7\u3067\u306e\u4f7f\u3044\u65b9\u3001\u305d\u3057\u3066\u4f3c\u3066\u3044\u308b\u6307\u6a19\u3067\u3042\u308b\u300cPER\u300d\u3068\u306e\u4f7f\u3044\u5206\u3051\u307e\u3067\u3001\u6295\u8cc7\u521d\u5fc3\u8005\u5411\u3051\u306b\u3084\u3055\u3057\u304f\u89e3\u8aac\u3057\u307e\u3059\uff01<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">1. EBITDA\u3063\u3066\u4f55\u306e\u7565\uff1f<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">\u5fd8\u308c\u3066\u3057\u307e\u3063\u305f\u6642\u306f\u3001\u305d\u308c\u305e\u308c\u306e\u30a2\u30eb\u30d5\u30a1\u30d9\u30c3\u30c8\u3092\u5206\u89e3\u3057\u3066\u300c\u5229\u76ca\u304b\u3089\u4f55\u3092\u5f15\u304f\u524d\u306a\u306e\u304b\u300d\u3092\u601d\u3044\u51fa\u3059\u306e\u304c\u4e00\u756a\u306e\u8fd1\u9053\u3067\u3059\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><td><strong>\u982d\u6587\u5b57<\/strong><\/td><td><strong>\u82f1\u8a9e<\/strong><\/td><td><strong>\u610f\u5473<\/strong><\/td><\/tr><\/thead><tbody><tr><td><strong>E<\/strong><\/td><td><strong>E<\/strong>arnings<\/td><td>\u5229\u76ca<\/td><\/tr><tr><td><strong>B<\/strong><\/td><td><strong>B<\/strong>efore<\/td><td>\u301c\u306e\u524d\u306e<\/td><\/tr><tr><td><strong>I<\/strong><\/td><td><strong>I<\/strong>nterest<\/td><td>\u652f\u6255\u5229\u606f\uff08\u501f\u91d1\u306e\u30b3\u30b9\u30c8\uff09<\/td><\/tr><tr><td><strong>T<\/strong><\/td><td><strong>T<\/strong>axes<\/td><td>\u7a0e\u91d1\uff08\u6cd5\u4eba\u7a0e\u306a\u3069\uff09<\/td><\/tr><tr><td><strong>D<\/strong><\/td><td><strong>D<\/strong>epreciation<\/td><td>\u6e1b\u4fa1\u511f\u5374\u8cbb\uff08\u5efa\u7269\u3084\u6a5f\u68b0\u306a\u3069\u6709\u5f62\u8cc7\u7523\uff09<\/td><\/tr><tr><td><strong>A<\/strong><\/td><td><strong>A<\/strong>mortization<\/td><td>\u6e1b\u4fa1\u511f\u5374\u8cbb\uff08\u30bd\u30d5\u30c8\u30a6\u30a7\u30a2\u306a\u3069\u7121\u5f62\u8cc7\u7523\uff09<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\u3059\u3079\u3066\u7e4b\u3052\u308b\u3068\u3001<strong><span class=\"swl-marker mark_yellow\">\u300c\u5229\u606f\u3001\u7a0e\u91d1\u3001\u6e1b\u4fa1\u511f\u5374\u8cbb\u3092\u5f15\u304f\u524d\u306e\u5229\u76ca\u300d\u3068\u3044\u3046\u610f\u5473<\/span><\/strong>\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u65e5\u672c\u306e\u6c7a\u7b97\u66f8\u3092\u898b\u308b\u5834\u5408\u3001\u3056\u3063\u304f\u308a\u4ee5\u4e0b\u306e\u5f0f\u3067\u8a08\u7b97\u3067\u304d\u308b\u3068\u899a\u3048\u3066\u304a\u3051\u3070\u5341\u5206\u3067\u3059\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\"><strong>EBITDA \uff1d \u55b6\u696d\u5229\u76ca \uff0b \u6e1b\u4fa1\u511f\u5374\u8cbb<\/strong><\/p>\n<\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\">\u5e33\u7c3f\u4e0a\u3067\u30de\u30a4\u30ca\u30b9\u306b\u306a\u3063\u3066\u3044\u308b\u3060\u3051\u3067\u3001\u5b9f\u969b\u306b\u306f\u73fe\u91d1\u304c\u624b\u5143\u304b\u3089\u51fa\u3066\u3044\u304b\u306a\u3044\u300c\u6e1b\u4fa1\u511f\u5374\u8cbb\u300d\u3092\u55b6\u696d\u5229\u76ca\u306b\u8db3\u3057\u623b\u3059\u3053\u3068\u3067\u3001\u4f1a\u793e\u304c\u5b9f\u969b\u306b\u751f\u307f\u51fa\u3057\u305f\u73fe\u91d1\u306e\u91cf\u3092\u3056\u3063\u304f\u308a\u628a\u63e1\u3067\u304d\u307e\u3059\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">2. \u306a\u305c\u308f\u3056\u308f\u3056\u300c\u5f15\u304f\u524d\u300d\u306e\u5229\u76ca\u3092\u898b\u308b\u306e\uff1f<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><span class=\"swl-marker mark_yellow\">\u4f1a\u793e\u306e\u300c\u7d14\u7c8b\u306a\u5b9f\u529b\u300d\u3092\u3001\u4ed6\u306e\u4f1a\u793e\u3068\u30d5\u30a7\u30a2\u306b\u6bd4\u8f03\u3059\u308b\u305f\u3081<\/span><\/strong>\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f8b\u3048\u3070\u3001\u540c\u3058\u304f\u3089\u3044\u4eba\u6c17\u3067\u5132\u304b\u3063\u3066\u3044\u308b2\u3064\u306e\u30ab\u30d5\u30a7\uff08A\u5e97\u3068B\u5e97\uff09\u304c\u3042\u308b\u3068\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>A\u5e97<\/strong>\uff1a\u9280\u884c\u304b\u3089\u305f\u304f\u3055\u3093\u501f\u91d1\u3092\u3057\u3066\u30aa\u30fc\u30d7\u30f3\u3057\u305f\uff08<strong>\u5229\u606f<\/strong>\u306e\u652f\u6255\u3044\u304c\u591a\u3044\uff09<\/li>\n\n\n\n<li><strong>B\u5e97<\/strong>\uff1a\u6700\u65b0\u306e\u8d85\u9ad8\u7d1a\u30a8\u30b9\u30d7\u30ec\u30c3\u30bd\u30de\u30b7\u30f3\u3092\u5c0e\u5165\u3057\u305f\uff08<strong>\u6e1b\u4fa1\u511f\u5374\u8cbb<\/strong>\u304c\u591a\u3044\uff09<\/li>\n\n\n\n<li>\u3055\u3089\u306b\u30012\u3064\u306e\u5e97\u304c\u9055\u3046\u56fd\u306b\u3042\u308c\u3070\u3001<strong>\u7a0e\u91d1<\/strong>\u306e\u30eb\u30fc\u30eb\u3082\u9055\u3044\u307e\u3059\u3002<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">\u6700\u7d42\u7684\u306a\u300c\u7d14\u5229\u76ca\u300d\u3060\u3051\u3092\u898b\u308b\u3068\u3001\u5229\u606f\u3084\u6a5f\u68b0\u4ee3\u304c\u5f15\u304b\u308c\u3066\u3057\u307e\u3046\u305f\u3081\u3001\u3069\u3061\u3089\u306e\u30ab\u30d5\u30a7\u306e\u300c\u7d14\u7c8b\u306b\u30b3\u30fc\u30d2\u30fc\u3092\u58f2\u3063\u3066\u7a3c\u3050\u529b\u300d\u304c\u4e0a\u306a\u306e\u304b\u5206\u304b\u308a\u306b\u304f\u304f\u306a\u3063\u3066\u3057\u307e\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u305d\u3053\u3067\u3001\u56fd\u306b\u3088\u308b\u7a0e\u91d1\u306e\u9055\u3044\u3001\u501f\u91d1\u306e\u591a\u3055\u3001\u904e\u53bb\u306e\u8a2d\u5099\u6295\u8cc7\u306e\u72b6\u6cc1\u3068\u3044\u3063\u305f\u300c\u672c\u696d\u4ee5\u5916\u306e\u30ce\u30a4\u30ba\u300d\u3092\u3059\u3079\u3066\u53d6\u3063\u3071\u3089\u3063\u3066\u6bd4\u8f03\u3057\u3088\u3046\u3001\u3068\u3044\u3046\u6642\u306bEBITDA\u304c\u4f7f\u308f\u308c\u307e\u3059\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">3. \u5b9f\u969b\u306e\u6295\u8cc7\u3084M&amp;A\u3067\u3069\u3046\u4f7f\u308f\u308c\u308b\uff1f<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">\u682a\u5f0f\u6295\u8cc7\u3084M&amp;A\uff08\u4f01\u696d\u306e\u8cb7\u53ce\uff09\u306e\u4e16\u754c\u306b\u304a\u3044\u3066\u3001EBITDA\u306f\u300c\u305d\u306e\u4f1a\u793e\u3092\u4e38\u3054\u3068\u8cb7\u3063\u305f\u5834\u5408\u3001\u4f55\u5e74\u3067\u5143\u304c\u53d6\u308c\u308b\u304b\uff1f\u300d\u3092\u8a08\u7b97\u3059\u308b\u305f\u3081\u306e\u8d85\u91cd\u8981\u30ad\u30fc\u30ef\u30fc\u30c9\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3053\u3053\u3067\u5fc5\u305a\u767b\u5834\u3059\u308b\u306e\u304c\u300cEV\/EBITDA\u500d\u7387\u300d\u3068\u3044\u3046\u6307\u6a19\u3067\u3059\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\"><strong><span class=\"swl-marker mark_blue\">EV\/EBITDA\u500d\u7387 \uff1d \u8cb7\u53ce\u30b3\u30b9\u30c8\uff08EV\uff09 \u00f7 \u6bce\u5e74\u306e\u7a3c\u304e\uff08EBITDA\uff09<\/span><\/strong><\/p>\n<\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f8b\u3048\u3070\u3001\u8cb7\u53ce\u30b3\u30b9\u30c8\u304c100\u5104\u5186\u3067\u3001EBITDA\u304c10\u5104\u5186\u306e\u4f1a\u793e\u306a\u3089\u3001\u500d\u7387\u306f\u300c10\u500d\u300d\u3067\u3059\u3002\u3064\u307e\u308a\u300c\u8cb7\u53ce\u8cbb\u7528\u306e\u5143\u3092\u53d6\u308b\u306e\u306b10\u5e74\u304b\u304b\u308b\u300d\u3068\u3044\u3046\u610f\u5473\u306b\u306a\u308a\u307e\u3059\u3002\uff08\u203b\u4e00\u822c\u7684\u306b8\u301c10\u500d\u7a0b\u5ea6\u304c\u9069\u6b63\u4fa1\u683c\u3068\u8a00\u308f\u308c\u307e\u3059\uff09<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">M&amp;A\uff08\u4f01\u696d\u8cb7\u53ce\uff09\u3067\u306e\u6d3b\u7528\u6cd5<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">M&amp;A\u306b\u304a\u3044\u3066\u306f\u3001\u300c\u8cb7\u53ce\u4fa1\u683c\u304c\u5272\u5b89\u304b\u3001\u5272\u9ad8\u304b\u300d\u3092\u6c7a\u3081\u308b\u7d76\u5bfe\u7684\u306a\u57fa\u6e96\u306b\u306a\u308a\u307e\u3059\u3002\u307e\u305f\u3001\u8cb7\u53ce\u8cbb\u7528\u3092\u9280\u884c\u304b\u3089\u501f\u308a\u308b\u969b\u3001\u300c\u672c\u696d\u306e\u7a3c\u304e\uff08EBITDA\uff09\u304b\u3089\u3057\u3063\u304b\u308a\u501f\u91d1\u3092\u8fd4\u6e08\u3057\u3066\u3044\u3051\u308b\u304b\uff1f\u300d\u3068\u3044\u3046\u5be9\u67fb\u57fa\u6e96\u3068\u3057\u3066\u3082\u91cd\u8996\u3055\u308c\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u682a\u5f0f\u6295\u8cc7\u3067\u306e\u6d3b\u7528\u6cd5<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u500b\u4eba\u306e\u682a\u5f0f\u6295\u8cc7\u3084\u6a5f\u95a2\u6295\u8cc7\u5bb6\u3082\u3001\u4ee5\u4e0b\u306e\u3088\u3046\u306a\u30b7\u30fc\u30f3\u3067EBITDA\u3092\u6d3b\u7528\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<ol start=\"1\" class=\"wp-block-list\">\n<li><strong>\u8a2d\u5099\u6295\u8cc7\u304c\u5de8\u5927\u306a\u696d\u754c\u306e\u300c\u672c\u5f53\u306e\u7a3c\u304e\u300d\u3092\u898b\u629c\u304f<\/strong>\u901a\u4fe1\u3001\u9244\u9053\u3001\u4e0d\u52d5\u7523\u306a\u3069\u3001\u6bce\u5e74\u591a\u984d\u306e\u6e1b\u4fa1\u511f\u5374\u8cbb\u304c\u767a\u751f\u3059\u308b\u696d\u754c\u306f\u3001\u7d14\u5229\u76ca\u304c\u5c0f\u3055\u304f\u898b\u3048\u304c\u3061\u3067\u3059\u3002EBITDA\u3092\u898b\u308b\u3053\u3068\u3067\u300c\u5229\u76ca\u306f\u5c11\u306a\u304f\u898b\u3048\u308b\u3051\u3069\u3001\u5b9f\u306f\u73fe\u91d1\u3092\u7a3c\u3044\u3067\u3044\u308b\u5272\u5b89\u9298\u67c4\u300d\u3092\u898b\u3064\u3051\u51fa\u305b\u307e\u3059\u3002<\/li>\n\n\n\n<li><strong>\u30b0\u30ed\u30fc\u30d0\u30eb\u4f01\u696d\u3092\u540c\u3058\u571f\u4ff5\u3067\u6bd4\u8f03\u3059\u308b<\/strong>\u300c\u65e5\u672c\u306e\u30c8\u30e8\u30bf\u3001\u30a2\u30e1\u30ea\u30ab\u306e\u30c6\u30b9\u30e9\u3001\u30c9\u30a4\u30c4\u306e\u30d5\u30a9\u30eb\u30af\u30b9\u30ef\u30fc\u30b2\u30f3\u300d\u306a\u3069\u3001\u56fd\u5883\u3092\u8d8a\u3048\u3066\u7d14\u7c8b\u306a\u30d3\u30b8\u30cd\u30b9\u306e\u5f37\u3055\u3092\u6bd4\u8f03\u3067\u304d\u307e\u3059\u3002<\/li>\n\n\n\n<li><strong>\u8d64\u5b57\u4f01\u696d\u306e\u8a55\u4fa1<\/strong>\u5148\u884c\u6295\u8cc7\u3067\u6700\u7d42\u5229\u76ca\u304c\u8d64\u5b57\u306e\u30b9\u30bf\u30fc\u30c8\u30a2\u30c3\u30d7\u4f01\u696d\u3067\u3082\u3001EBITDA\u304c\u30d7\u30e9\u30b9\u306a\u3089\u300c\u672c\u696d\u305d\u306e\u3082\u306e\u306f\u73fe\u91d1\u3092\u751f\u307f\u51fa\u3057\u3066\u3044\u308b\u300d\u3068\u8a55\u4fa1\u3055\u308c\u3001\u6295\u8cc7\u5bfe\u8c61\u306b\u306a\u308b\u3053\u3068\u304c\u3042\u308a\u307e\u3059\u3002<\/li>\n<\/ol>\n\n\n\n<h2 class=\"wp-block-heading\">4. PER\uff08\u682a\u4fa1\u53ce\u76ca\u7387\uff09\u3068\u306e\u9055\u3044\u3068\u4f7f\u3044\u5206\u3051<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">\u682a\u306e\u5272\u5b89\u30fb\u5272\u9ad8\u3092\u6e2c\u308b\u6307\u6a19\u3068\u3044\u3048\u3070\u300cPER\uff08\u682a\u4fa1\u53ce\u76ca\u7387\uff09\u300d\u304c\u6709\u540d\u3067\u3059\u304c\u3001EBITDA\uff08EV\/EBITDA\u500d\u7387\uff09\u3068\u306f\u3069\u3046\u9055\u3046\u306e\u3067\u3057\u3087\u3046\u304b\uff1f<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u7d50\u8ad6\u304b\u3089\u8a00\u3046\u3068\u3001PER\u306f\u300c\u682a\u4e3b\u76ee\u7dda\u300d\u3001EV\/EBITDA\u306f\u300c\u4f1a\u793e\u3092\u4e38\u3054\u3068\u8cb7\u3046\u8cb7\u53ce\u8005\u76ee\u7dda\u300d\u3068\u3044\u3046\u6c7a\u5b9a\u7684\u306a\u9055\u3044\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><td><strong>\u6bd4\u8f03\u30dd\u30a4\u30f3\u30c8<\/strong><\/td><td><strong>PER\uff08\u682a\u4fa1\u53ce\u76ca\u7387\uff09<\/strong><\/td><td><strong>EV\/EBITDA\u500d\u7387<\/strong><\/td><\/tr><\/thead><tbody><tr><td><strong>\u8ab0\u306e\u76ee\u7dda\u304b<\/strong><\/td><td><strong>\u682a\u4e3b<\/strong>\uff08\u624b\u5143\u306b\u6b8b\u308b\u6700\u7d42\u5229\u76ca\u3092\u91cd\u8996\uff09<\/td><td><strong>\u8cb7\u53ce\u8005<\/strong>\uff08\u4f1a\u793e\u5168\u4f53\u306e\u7a3c\u3050\u529b\u3092\u91cd\u8996\uff09<\/td><\/tr><tr><td><strong>\u4fa1\u683c\u306e\u57fa\u6e96<\/strong><\/td><td>\u6642\u4fa1\u7dcf\u984d\uff08\u682a\u5f0f\u306e\u4fa1\u5024\u306e\u307f\uff09<\/td><td>EV\uff08\u682a\u5f0f\u306e\u4fa1\u5024 \uff0b <strong>\u501f\u91d1<\/strong> \uff0d 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class=\"wp-block-paragraph\">IT\u3084\u30b5\u30fc\u30d3\u30b9\u696d\u306a\u3069\u3001\u8a2d\u5099\u6295\u8cc7\u304c\u5c11\u306a\u3044\u8eab\u8efd\u306a\u4f1a\u793e\u3092\u6bd4\u8f03\u3059\u308b\u306a\u3089\u3001\u30b7\u30f3\u30d7\u30eb\u3067\u76f4\u611f\u7684\u306a\u300cPER\u300d<strong>\u304c\u4fbf\u5229\u3067\u3059\u3002 \u4e00\u65b9\u3067\u3001\u8a2d\u5099\u6295\u8cc7\u304c\u5927\u304d\u3044\u696d\u7a2e\u3084\u3001\u501f\u91d1\u304c\u591a\u3044\u4f01\u696d\u3001\u30b0\u30ed\u30fc\u30d0\u30eb\u4f01\u696d\u3092\u5206\u6790\u3059\u308b\u969b\u306b\u306f\u3001\u30ce\u30a4\u30ba\u3092\u6392\u9664\u3067\u304d\u308b<\/strong>\u300cEV\/EBITDA\u500d\u7387\u300d\u3092\u4f75\u7528\u3057\u3066\u591a\u89d2\u7684\u306b\u30c1\u30a7\u30c3\u30af\u3059\u308b\u306e\u304c\u304a\u3059\u3059\u3081\u3067\u3059\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">5. 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class=\"wp-block-paragraph\">\u306a\u305c\u3053\u306e\u5f0f\u306b\u306a\u308b\u306e\u304b\u3001\u300c\u4f1a\u793e\u3092\u4e38\u3054\u3068\u8cb7\u53ce\u3059\u308b\u793e\u9577\u300d\u306e\u76ee\u7dda\u3067\u8003\u3048\u308b\u3068\u8151\u306b\u843d\u3061\u307e\u3059\u3002<\/p>\n\n\n\n<ol start=\"1\" class=\"wp-block-list\">\n<li><strong>\u6642\u4fa1\u7dcf\u984d\uff1a<\/strong> \u307e\u305a\u3001\u5e02\u5834\u306b\u51fa\u56de\u3063\u3066\u3044\u308b\u682a\u3092\u3059\u3079\u3066\u8cb7\u3044\u5360\u3081\u308b\u305f\u3081\u306e\u57fa\u672c\u6599\u91d1\u3067\u3059\u3002<\/li>\n\n\n\n<li><strong>\uff0b \u6709\u5229\u5b50\u8ca0\u50b5\uff1a<\/strong> 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class=\"wp-block-paragraph\">\u3064\u307e\u308aEV\u3068\u306f\u3001<strong>\u300c\u4f1a\u793e\u306e\u501f\u91d1\u3068\u624b\u6301\u3061\u73fe\u91d1\u306e\u30d0\u30e9\u30f3\u30b9\u300d\u307e\u3067\u8003\u616e\u3057\u305f\u3001\u3088\u308a\u30ea\u30a2\u30eb\u306a\u4f1a\u793e\u306e\u5b9f\u8cea\u7684\u306a\u30c8\u30fc\u30bf\u30eb\u306e\u5024\u6bb5<\/strong>\u3068\u8a00\u3048\u307e\u3059\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u307e\u3068\u3081<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">EBITDA\u306f\u3001\u5e33\u7c3f\u4e0a\u306e\u30de\u30b8\u30c3\u30af\u3084\u56fd\u30fb\u501f\u91d1\u306e\u30eb\u30fc\u30eb\u306e\u9055\u3044\u3092\u5265\u304e\u53d6\u3063\u305f\u300c\u3059\u3063\u3074\u3093\u306e\u7a3c\u3050\u529b\u300d\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f1a\u793e\u306e\u672c\u5f53\u306e\u5b9f\u529b\u3092\u898b\u629c\u304f\u3053\u3068\u304c\u3067\u304d\u308b\u3088\u3046\u306b\u306a\u308c\u3070\u3001\u6295\u8cc7\u306e\u30ec\u30d9\u30eb\u304c\u30b0\u30c3\u3068\u4e00\u6bb5\u968e\u4e0a\u304c\u308a\u307e\u3059\u3002\u6b21\u56de\u306e\u9298\u67c4\u9078\u3073\u306e\u969b\u306b\u306f\u3001\u305c\u3072PER\u3060\u3051\u3067\u306a\u304f\u3001EBITDA\u3082\u30c1\u30a7\u30c3\u30af\u3057\u3066\u307f\u3066\u304f\u3060\u3055\u3044\u306d\uff01<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u6295\u8cc7\u306e\u52c9\u5f37\u3092\u3057\u3066\u3044\u308b\u3068\u5fc5\u305a\u767b\u5834\u3059\u308b\u300cEBITDA\uff08\u30a4\u30fc\u30d3\u30c3\u30c8\u30c7\u30a3\u30fc\u30a8\u30fc\u3001\u307e\u305f\u306f\u30a8\u30d3\u30fc\u30bf\uff09\u300d\u3002 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