{"id":920,"date":"2026-03-12T08:00:00","date_gmt":"2026-03-11T23:00:00","guid":{"rendered":"https:\/\/marketsquare.jp\/?p=920"},"modified":"2026-03-15T16:28:26","modified_gmt":"2026-03-15T07:28:26","slug":"%e6%97%a5%e6%9c%ac%e6%a0%aa-ma%e3%81%8a%e3%81%99%e3%81%99%e3%82%81%e9%8a%98%e6%9f%84%e5%ae%8c%e5%85%a8%e3%82%ac%e3%82%a4%e3%83%89%e3%80%902026%e5%b9%b4%e7%89%88%e3%80%91","status":"publish","type":"post","link":"https:\/\/marketsquare.jp\/?p=920","title":{"rendered":"\u65e5\u672c\u682a M&#038;A\u304a\u3059\u3059\u3081\u9298\u67c4\u5b8c\u5168\u30ac\u30a4\u30c9\u30102026\u5e74\u7248\u3011"},"content":{"rendered":"\n<p>\u65e5\u672c\u4f01\u696d\u306eM&amp;A\uff08\u5408\u4f75\u30fb\u8cb7\u53ce\uff09\u4ef6\u6570\u306f\u5e74\u3005\u5897\u52a0\u3057\u3066\u304a\u308a\u30012024\u5e74\u306b\u306f\u904e\u53bb\u6700\u9ad8\u6c34\u6e96\u3092\u66f4\u65b0\u3057\u307e\u3057\u305f\u3002M&amp;A\u304c\u767a\u8868\u3055\u308c\u308b\u3068\u5bfe\u8c61\u4f01\u696d\u306e\u682a\u4fa1\u306f\u6025\u9a30\u3059\u308b\u3053\u3068\u304c\u591a\u304f\u3001\u6295\u8cc7\u5bb6\u306b\u3068\u3063\u3066\u5927\u304d\u306a\u30c1\u30e3\u30f3\u30b9\u3068\u306a\u308a\u307e\u3059\u3002<strong><span class=\"pre--maker span-stk-maker-yellow\">\u672c\u8a18\u4e8b\u3067\u306f\u3001M&amp;A\u306b\u95a2\u9023\u3057\u305f\u65e5\u672c\u682a\u306e\u6ce8\u76ee\u9298\u67c4\u3001\u6295\u8cc7\u6226\u7565\u3001\u30ea\u30b9\u30af\u7ba1\u7406\u307e\u3067\u5fb9\u5e95\u89e3\u8aac\u3057\u307e\u3059\u3002<\/span><\/strong>M&amp;A\u95a2\u9023\u682a\u3078\u306e\u6295\u8cc7\u3092\u691c\u8a0e\u3057\u3066\u3044\u308b\u65b9\u306f\u3001\u305c\u3072\u6700\u5f8c\u307e\u3067\u304a\u8aad\u307f\u304f\u3060\u3055\u3044\u3002<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 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\">\u76ee\u6b21<\/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 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/marketsquare.jp\/?p=920\/#%E6%97%A5%E6%9C%AC%E3%81%AEM_A%E5%B8%82%E5%A0%B4%E3%81%AE%E7%8F%BE%E7%8A%B6%E3%81%A82025%E5%B9%B4%E3%83%88%E3%83%AC%E3%83%B3%E3%83%89\" >\u65e5\u672c\u306eM&amp;A\u5e02\u5834\u306e\u73fe\u72b6\u30682025\u5e74\u30c8\u30ec\u30f3\u30c9<\/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:\/\/marketsquare.jp\/?p=920\/#2025%E5%B9%B4%E3%81%AE%E4%B8%BB%E3%81%AAM_A%E3%83%88%E3%83%AC%E3%83%B3%E3%83%89\" >2025\u5e74\u306e\u4e3b\u306aM&amp;A\u30c8\u30ec\u30f3\u30c9<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/marketsquare.jp\/?p=920\/#%E6%97%A5%E6%9C%ACM_A%E5%B8%82%E5%A0%B4%E3%81%AE%E8%A6%8F%E6%A8%A1%E6%8E%A8%E7%A7%BB%EF%BC%88%E2%80%BB1%EF%BC%89\" >\u65e5\u672cM&amp;A\u5e02\u5834\u306e\u898f\u6a21\u63a8\u79fb\uff08\u203b1\uff09<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/marketsquare.jp\/?p=920\/#M_A%E3%81%A7%E6%A0%AA%E4%BE%A1%E3%81%8C%E4%B8%8A%E3%81%8C%E3%82%8B%E4%BB%95%E7%B5%84%E3%81%BF%E3%81%A8%E3%81%AF%EF%BC%9F\" >M&amp;A\u3067\u682a\u4fa1\u304c\u4e0a\u304c\u308b\u4ed5\u7d44\u307f\u3068\u306f\uff1f<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/marketsquare.jp\/?p=920\/#%E3%83%97%E3%83%AC%E3%83%9F%E3%82%A2%E3%83%A0%E3%81%AE%E4%BB%98%E4%B8%8E\" >\u30d7\u30ec\u30df\u30a2\u30e0\u306e\u4ed8\u4e0e<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/marketsquare.jp\/?p=920\/#%E3%82%B7%E3%83%8A%E3%82%B8%E3%83%BC%E5%8A%B9%E6%9E%9C%E3%81%B8%E3%81%AE%E6%9C%9F%E5%BE%85\" >\u30b7\u30ca\u30b8\u30fc\u52b9\u679c\u3078\u306e\u671f\u5f85<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/marketsquare.jp\/?p=920\/#M_A%E9%96%A2%E9%80%A3%E6%A0%AA%E3%81%AE%E5%80%A4%E5%8B%95%E3%81%8D%E3%83%91%E3%82%BF%E3%83%BC%E3%83%B3\" >M&amp;A\u95a2\u9023\u682a\u306e\u5024\u52d5\u304d\u30d1\u30bf\u30fc\u30f3<\/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:\/\/marketsquare.jp\/?p=920\/#M_A%E9%96%A2%E9%80%A3%E3%81%8A%E3%81%99%E3%81%99%E3%82%81%E9%8A%98%E6%9F%84%E3%80%90%E8%B2%B7%E5%8F%8E%E5%80%99%E8%A3%9C%E3%83%BB%E3%82%A2%E3%82%AF%E3%83%86%E3%82%A3%E3%83%93%E3%82%B9%E3%83%88%E9%96%A2%E9%80%A3%E3%80%91\" >M&amp;A\u95a2\u9023\u304a\u3059\u3059\u3081\u9298\u67c4\u3010\u8cb7\u53ce\u5019\u88dc\u30fb\u30a2\u30af\u30c6\u30a3\u30d3\u30b9\u30c8\u95a2\u9023\u3011<\/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:\/\/marketsquare.jp\/?p=920\/#%E2%91%A0_%E5%89%B2%E5%AE%89PBR%E6%A0%AA%EF%BC%88%E9%9D%9E%E5%85%AC%E9%96%8B%E5%8C%96%E5%80%99%E8%A3%9C%EF%BC%89\" >\u2460 \u5272\u5b89PBR\u682a\uff08\u975e\u516c\u958b\u5316\u5019\u88dc\uff09<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/marketsquare.jp\/?p=920\/#%E6%B3%A8%E7%9B%AE%E3%81%AE%E4%BD%8EPBR%E3%83%BB%E5%89%B2%E5%AE%89%E9%8A%98%E6%9F%84%E3%81%AE%E7%89%B9%E6%80%A7\" >\u6ce8\u76ee\u306e\u4f4ePBR\u30fb\u5272\u5b89\u9298\u67c4\u306e\u7279\u6027<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/marketsquare.jp\/?p=920\/#%E2%91%A1_%E3%82%A2%E3%82%AF%E3%83%86%E3%82%A3%E3%83%93%E3%82%B9%E3%83%88%E6%8A%95%E8%B3%87%E5%AE%B6%E6%B3%A8%E7%9B%AE%E9%8A%98%E6%9F%84%E3%81%AE%E7%89%B9%E6%80%A7\" >\u2461 \u30a2\u30af\u30c6\u30a3\u30d3\u30b9\u30c8\u6295\u8cc7\u5bb6\u6ce8\u76ee\u9298\u67c4\u306e\u7279\u6027<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/marketsquare.jp\/?p=920\/#%E3%82%A2%E3%82%AF%E3%83%86%E3%82%A3%E3%83%93%E3%82%B9%E3%83%88%E4%BB%8B%E5%85%A5%E5%BE%8C%E3%81%AB%E3%82%88%E3%81%8F%E8%A6%8B%E3%82%89%E3%82%8C%E3%82%8B%E6%96%BD%E7%AD%96\" >\u30a2\u30af\u30c6\u30a3\u30d3\u30b9\u30c8\u4ecb\u5165\u5f8c\u306b\u3088\u304f\u898b\u3089\u308c\u308b\u65bd\u7b56<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/marketsquare.jp\/?p=920\/#%E2%91%A2_MBO%EF%BC%88%E3%83%9E%E3%83%8D%E3%82%B8%E3%83%A1%E3%83%B3%E3%83%88%E3%83%BB%E3%83%90%E3%82%A4%E3%82%A2%E3%82%A6%E3%83%88%EF%BC%89%E5%80%99%E8%A3%9C%E9%8A%98%E6%9F%84\" >\u2462 MBO\uff08\u30de\u30cd\u30b8\u30e1\u30f3\u30c8\u30fb\u30d0\u30a4\u30a2\u30a6\u30c8\uff09\u5019\u88dc\u9298\u67c4<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/marketsquare.jp\/?p=920\/#M_A%E3%82%A2%E3%83%89%E3%83%90%E3%82%A4%E3%82%B6%E3%83%AA%E3%83%BC%E3%83%BB%E4%BB%B2%E4%BB%8B%E6%A5%AD%E8%80%85%E3%81%8A%E3%81%99%E3%81%99%E3%82%81%E9%8A%98%E6%9F%84%E3%80%90%E8%A9%B3%E7%B4%B0%E7%89%88%E3%80%91\" >M&amp;A\u30a2\u30c9\u30d0\u30a4\u30b6\u30ea\u30fc\u30fb\u4ef2\u4ecb\u696d\u8005\u304a\u3059\u3059\u3081\u9298\u67c4\u3010\u8a73\u7d30\u7248\u3011<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/marketsquare.jp\/?p=920\/#%E3%80%90%E4%B8%8A%E5%A0%B4%E5%A4%A7%E6%89%8B%E3%80%91%E7%8B%AC%E7%AB%8B%E7%B3%BBM_A%E4%BB%B2%E4%BB%8B%E4%BC%9A%E7%A4%BE_%E8%A9%B3%E7%B4%B0%E6%AF%94%E8%BC%83\" >\u3010\u4e0a\u5834\u5927\u624b\u3011\u72ec\u7acb\u7cfbM&amp;A\u4ef2\u4ecb\u4f1a\u793e \u8a73\u7d30\u6bd4\u8f03<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/marketsquare.jp\/?p=920\/#%E3%80%90%E6%B3%A8%E7%9B%AE%E6%88%90%E9%95%B7%E6%A0%AA%E3%80%91M_A%E4%BB%B2%E4%BB%8B%E3%83%BB%E3%83%86%E3%83%83%E3%82%AF%E7%B3%BB%E3%83%97%E3%83%AC%E3%82%A4%E3%83%A4%E3%83%BC\" >\u3010\u6ce8\u76ee\u6210\u9577\u682a\u3011M&amp;A\u4ef2\u4ecb\u30fb\u30c6\u30c3\u30af\u7cfb\u30d7\u30ec\u30a4\u30e4\u30fc<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/marketsquare.jp\/?p=920\/#%E3%80%90%E8%A8%BC%E5%88%B8%E3%83%BB%E9%8A%80%E8%A1%8C%E7%B3%BB%E3%80%91%E5%A4%A7%E5%9E%8B%E6%A1%88%E4%BB%B6%E3%83%BB%E3%82%AF%E3%83%AD%E3%82%B9%E3%83%9C%E3%83%BC%E3%83%80%E3%83%BCM_A%E3%81%AE%E6%97%97%E6%89%8B\" >\u3010\u8a3c\u5238\u30fb\u9280\u884c\u7cfb\u3011\u5927\u578b\u6848\u4ef6\u30fb\u30af\u30ed\u30b9\u30dc\u30fc\u30c0\u30fcM&amp;A\u306e\u65d7\u624b<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/marketsquare.jp\/?p=920\/#%E3%80%90%E8%80%81%E8%88%97%E3%83%BB%E5%B0%82%E9%96%80%E7%B3%BB%E3%80%91%E4%BF%A1%E9%A0%BC%E3%81%A8%E5%AE%9F%E7%B8%BE%E3%81%AEM_A%E3%83%95%E3%82%A1%E3%83%BC%E3%83%A0\" >\u3010\u8001\u8217\u30fb\u5c02\u9580\u7cfb\u3011\u4fe1\u983c\u3068\u5b9f\u7e3e\u306eM&amp;A\u30d5\u30a1\u30fc\u30e0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/marketsquare.jp\/?p=920\/#%E3%80%90%E6%A5%AD%E7%A8%AE%E7%89%B9%E5%8C%96%E5%9E%8B%E3%80%91%E5%B0%82%E9%96%80%E9%A0%98%E5%9F%9F%E3%81%A7%E9%AB%98%E3%81%84%E7%AB%B6%E4%BA%89%E5%8A%9B%E3%82%92%E6%8C%81%E3%81%A4%E4%BB%B2%E4%BB%8B%E4%BC%9A%E7%A4%BE\" >\u3010\u696d\u7a2e\u7279\u5316\u578b\u3011\u5c02\u9580\u9818\u57df\u3067\u9ad8\u3044\u7af6\u4e89\u529b\u3092\u6301\u3064\u4ef2\u4ecb\u4f1a\u793e<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/marketsquare.jp\/?p=920\/#M_A%E4%BB%B2%E4%BB%8B%E6%A0%AA%E3%81%AE%E6%8A%95%E8%B3%87%E3%83%A1%E3%83%AA%E3%83%83%E3%83%88%E3%81%A8%E3%83%87%E3%83%A1%E3%83%AA%E3%83%83%E3%83%88\" >M&amp;A\u4ef2\u4ecb\u682a\u306e\u6295\u8cc7\u30e1\u30ea\u30c3\u30c8\u3068\u30c7\u30e1\u30ea\u30c3\u30c8<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/marketsquare.jp\/?p=920\/#%E3%83%A1%E3%83%AA%E3%83%83%E3%83%88\" >\u30e1\u30ea\u30c3\u30c8<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/marketsquare.jp\/?p=920\/#%E4%BB%A3%E8%A1%A8%E7%9A%84%E3%81%AATOB%E3%83%BBM_A%E4%BA%8B%E4%BE%8B%EF%BC%882022%E3%80%9C2024%E5%B9%B4%EF%BC%89\" >\u4ee3\u8868\u7684\u306aTOB\u30fbM&amp;A\u4e8b\u4f8b\uff082022\u301c2024\u5e74\uff09<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/marketsquare.jp\/?p=920\/#M_A%E9%96%A2%E9%80%A3%E6%A0%AA%E3%81%AE%E6%A0%AA%E4%BE%A1%E5%A4%89%E5%8B%95%E3%83%91%E3%82%BF%E3%83%BC%E3%83%B3\" >M&amp;A\u95a2\u9023\u682a\u306e\u682a\u4fa1\u5909\u52d5\u30d1\u30bf\u30fc\u30f3<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-24\" href=\"https:\/\/marketsquare.jp\/?p=920\/#M_A%E9%8A%98%E6%9F%84%E3%81%B8%E3%81%AE%E6%8A%95%E8%B3%87%E6%88%A6%E7%95%A5%E3%81%A8%E3%83%AA%E3%82%B9%E3%82%AF%E7%AE%A1%E7%90%86\" >M&amp;A\u9298\u67c4\u3078\u306e\u6295\u8cc7\u6226\u7565\u3068\u30ea\u30b9\u30af\u7ba1\u7406<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-25\" href=\"https:\/\/marketsquare.jp\/?p=920\/#%E2%91%A0_%E3%82%A4%E3%83%99%E3%83%B3%E3%83%88%E3%83%89%E3%83%AA%E3%83%96%E3%83%B3%E6%8A%95%E8%B3%87%E6%88%A6%E7%95%A5\" >\u2460 \u30a4\u30d9\u30f3\u30c8\u30c9\u30ea\u30d6\u30f3\u6295\u8cc7\u6226\u7565<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-26\" href=\"https:\/\/marketsquare.jp\/?p=920\/#%E2%91%A1_TOB%E3%82%A2%E3%83%BC%E3%83%93%E3%83%88%E3%83%A9%E3%83%BC%E3%82%B8%E3%81%AE%E5%9F%BA%E6%9C%AC\" >\u2461 TOB\u30a2\u30fc\u30d3\u30c8\u30e9\u30fc\u30b8\u306e\u57fa\u672c<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-27\" href=\"https:\/\/marketsquare.jp\/?p=920\/#%E2%91%A2_%E3%83%AA%E3%82%B9%E3%82%AF%E7%AE%A1%E7%90%86%E3%81%AE%E5%9F%BA%E6%9C%AC%E5%8E%9F%E5%89%87\" >\u2462 \u30ea\u30b9\u30af\u7ba1\u7406\u306e\u57fa\u672c\u539f\u5247<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-28\" href=\"https:\/\/marketsquare.jp\/?p=920\/#%E2%91%A3_M_A%E6%8A%95%E8%B3%87%E3%81%A7%E7%89%B9%E3%81%AB%E6%B3%A8%E6%84%8F%E3%81%99%E3%81%B9%E3%81%8D%E3%83%AA%E3%82%B9%E3%82%AF\" >\u2463 M&amp;A\u6295\u8cc7\u3067\u7279\u306b\u6ce8\u610f\u3059\u3079\u304d\u30ea\u30b9\u30af<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-29\" href=\"https:\/\/marketsquare.jp\/?p=920\/#M_A%E9%96%A2%E9%80%A3%E6%A0%AA%E3%81%AE%E9%81%B8%E3%81%B3%E6%96%B9%E3%83%81%E3%82%A7%E3%83%83%E3%82%AF%E3%83%AA%E3%82%B9%E3%83%88\" >M&amp;A\u95a2\u9023\u682a\u306e\u9078\u3073\u65b9\u30c1\u30a7\u30c3\u30af\u30ea\u30b9\u30c8<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-30\" href=\"https:\/\/marketsquare.jp\/?p=920\/#%E8%B2%B7%E5%8F%8E%E5%80%99%E8%A3%9C%E9%8A%98%E6%9F%84%E3%83%81%E3%82%A7%E3%83%83%E3%82%AF%E3%83%AA%E3%82%B9%E3%83%88\" >\u8cb7\u53ce\u5019\u88dc\u9298\u67c4\u30c1\u30a7\u30c3\u30af\u30ea\u30b9\u30c8<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-31\" href=\"https:\/\/marketsquare.jp\/?p=920\/#M_A%E4%BB%B2%E4%BB%8B%E6%A0%AA%E3%83%81%E3%82%A7%E3%83%83%E3%82%AF%E3%83%AA%E3%82%B9%E3%83%88\" >M&amp;A\u4ef2\u4ecb\u682a\u30c1\u30a7\u30c3\u30af\u30ea\u30b9\u30c8<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-32\" href=\"https:\/\/marketsquare.jp\/?p=920\/#%E6%8A%95%E8%B3%87%E5%89%8D%E3%81%AE%E6%9C%80%E7%B5%82%E7%A2%BA%E8%AA%8D%E4%BA%8B%E9%A0%85\" >\u6295\u8cc7\u524d\u306e\u6700\u7d42\u78ba\u8a8d\u4e8b\u9805<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-33\" href=\"https:\/\/marketsquare.jp\/?p=920\/#%E3%81%BE%E3%81%A8%E3%82%81%EF%BC%9AM_A%E6%8A%95%E8%B3%87%E3%81%A7%E6%88%90%E5%8A%9F%E3%81%99%E3%82%8B%E3%81%9F%E3%82%81%E3%81%AB\" >\u307e\u3068\u3081\uff1aM&amp;A\u6295\u8cc7\u3067\u6210\u529f\u3059\u308b\u305f\u3081\u306b<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E6%97%A5%E6%9C%AC%E3%81%AEM_A%E5%B8%82%E5%A0%B4%E3%81%AE%E7%8F%BE%E7%8A%B6%E3%81%A82025%E5%B9%B4%E3%83%88%E3%83%AC%E3%83%B3%E3%83%89\"><\/span>\u65e5\u672c\u306eM&amp;A\u5e02\u5834\u306e\u73fe\u72b6\u30682025\u5e74\u30c8\u30ec\u30f3\u30c9<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u65e5\u672c\u306eM&amp;A\u5e02\u5834\u306f\u3001\u30b3\u30fc\u30dd\u30ec\u30fc\u30c8\u30ac\u30d0\u30ca\u30f3\u30b9\u6539\u9769\u3001\u6771\u8a3c\u306b\u3088\u308b\u8cc7\u672c\u52b9\u7387\u6539\u5584\u8981\u8acb\u3001\u5c11\u5b50\u9ad8\u9f62\u5316\u306b\u3088\u308b\u4e8b\u696d\u627f\u7d99\u9700\u8981\u306e\u9ad8\u307e\u308a\u3092\u80cc\u666f\u306b\u3001\u6025\u901f\u306b\u62e1\u5927\u3057\u3066\u3044\u307e\u3059\u30022024\u5e74\u306b\u306f\u56fd\u5185M&amp;A\u4ef6\u6570\u304c4,700\u4ef6\u3092\u8d85\u3048\u3001\u904e\u53bb\u6700\u9ad8\u6c34\u6e96\u306b\u9054\u3057\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<p><strong><span class=\"pre--maker span-stk-maker-yellow\">\u7279\u306b2024\u5e74\u304b\u30892025\u5e74\u306b\u304b\u3051\u3066\u306f\u300cTOB\uff08\u682a\u5f0f\u516c\u958b\u8cb7\u4ed8\u3051\uff09\u30d6\u30fc\u30e0\u300d\u3068\u547c\u3070\u308c\u308b\u307b\u3069TOB\u6848\u4ef6\u304c\u76f8\u6b21\u304e\u3001\u7d4c\u55b6\u7d71\u5408\u3084\u975e\u516c\u958b\u5316\u3092\u76ee\u7684\u3068\u3057\u305f\u5927\u578b\u6848\u4ef6\u304c\u6ce8\u76ee\u3092\u96c6\u3081\u3066\u3044\u307e\u3059\u3002<\/span><\/strong>\u307e\u305f\u3001\u5916\u8cc7\u7cfb\u30d5\u30a1\u30f3\u30c9\u3084\u6d77\u5916\u4f01\u696d\u306b\u3088\u308b\u65e5\u672c\u4f01\u696d\u8cb7\u53ce\u3082\u5897\u52a0\u50be\u5411\u306b\u3042\u308a\u3001\u5186\u5b89\u3092\u80cc\u666f\u306b\u65e5\u672c\u682a\u306e\u5272\u5b89\u611f\u304c\u969b\u7acb\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"2025%E5%B9%B4%E3%81%AE%E4%B8%BB%E3%81%AAM_A%E3%83%88%E3%83%AC%E3%83%B3%E3%83%89\"><\/span>2025\u5e74\u306e\u4e3b\u306aM&amp;A\u30c8\u30ec\u30f3\u30c9<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ol class=\"wp-block-list\">\n<li>\u30a2\u30af\u30c6\u30a3\u30d3\u30b9\u30c8\uff08\u7269\u8a00\u3046\u682a\u4e3b\uff09\u306b\u3088\u308b\u7d4c\u55b6\u6539\u5584\u5727\u529b\u3068\u682a\u4e3b\u9084\u5143\u8981\u6c42\u306e\u5897\u52a0<\/li>\n\n\n\n<li>PBR\uff08\u682a\u4fa1\u7d14\u8cc7\u7523\u500d\u7387\uff091\u500d\u5272\u308c\u4f01\u696d\u3078\u306e\u8cb7\u53ce\u30fb\u975e\u516c\u958b\u5316\u5727\u529b<\/li>\n\n\n\n<li>\u30c7\u30b8\u30bf\u30eb\u30c8\u30e9\u30f3\u30b9\u30d5\u30a9\u30fc\u30e1\u30fc\u30b7\u30e7\u30f3\uff08DX\uff09\u95a2\u9023\u306eIT\u4f01\u696dM&amp;A\u6d3b\u767a\u5316<\/li>\n\n\n\n<li>\u91d1\u878d\u30fb\u4fdd\u967a\u30bb\u30af\u30bf\u30fc\u306e\u5927\u578b\u518d\u7de8<\/li>\n\n\n\n<li>\u533b\u85ac\u54c1\u30fb\u30d8\u30eb\u30b9\u30b1\u30a2\u5206\u91ce\u306e\u7814\u7a76\u958b\u767a\u76ee\u7684M&amp;A<\/li>\n\n\n\n<li>\u5916\u8cc7\u7cfbPE\u30d5\u30a1\u30f3\u30c9\u306b\u3088\u308b\u65e5\u672c\u4f01\u696d\u3078\u306e\u30d0\u30a4\u30a2\u30a6\u30c8\u6295\u8cc7\u5897\u52a0<\/li>\n<\/ol>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E6%97%A5%E6%9C%ACM_A%E5%B8%82%E5%A0%B4%E3%81%AE%E8%A6%8F%E6%A8%A1%E6%8E%A8%E7%A7%BB%EF%BC%88%E2%80%BB1%EF%BC%89\"><\/span>\u65e5\u672cM&amp;A\u5e02\u5834\u306e\u898f\u6a21\u63a8\u79fb\uff08\u203b1\uff09<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<figure class=\"wp-block-table stk-table-scroll is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>\u5e74\u5ea6<\/strong><\/td><td><strong>\u4ef6\u6570<\/strong><\/td><td><strong>\u524d\u5e74\u6bd4<\/strong><\/td><td><strong>\u7279\u5fb4<\/strong><\/td><\/tr><tr><td>2021\u5e74<\/td><td>\u7d043,200\u4ef6<\/td><td>+5.2%<\/td><td>\u30b3\u30ed\u30ca\u56de\u5fa9\u5c40\u9762\u30fbIT\u7cfbM&amp;A\u6d3b\u767a<\/td><\/tr><tr><td>2022\u5e74<\/td><td>\u7d043,400\u4ef6<\/td><td>+6.3%<\/td><td>\u5186\u5b89\u30fb\u5916\u8cc7\u306e\u5bfe\u65e5\u6295\u8cc7\u5897\u52a0<\/td><\/tr><tr><td>2023\u5e74<\/td><td>\u7d043,700\u4ef6<\/td><td>+8.8%<\/td><td>\u6771\u8a3cPBR\u6539\u5584\u8981\u8acb\u30fb\u30ac\u30d0\u30ca\u30f3\u30b9\u6539\u9769<\/td><\/tr><tr><td>2024\u5e74<\/td><td>\u7d044,700\u4ef6<\/td><td>+10.8%<\/td><td>TOB\u30d6\u30fc\u30e0\u30fb\u904e\u53bb\u6700\u9ad8\u6c34\u6e96<\/td><\/tr><tr><td>2025\u5e74\uff08\u4e88\u6e2c\uff09<\/td><td>\u7d045,000\u4ef6\u8d85<\/td><td>+6%\u8d85<\/td><td>\u66f4\u306a\u308b\u62e1\u5927\u7d99\u7d9a\u304c\u4e88\u60f3\u3055\u308c\u308b<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>\u203b1 \u51fa\u5178\uff1a<a href=\"https:\/\/japan.hl.com\/insight\/hot-topics\/124018\" target=\"_blank\" rel=\"noopener\" title=\"\">\u30d5\u30fc\u30ea\u30cf\u30f3\u30fb\u30ed\u30fc\u30ad\u30fc\u682a\u5f0f\u4f1a\u793e \u65e5\u672cM&amp;A\u5e02\u5834\u306e\u6700\u65b0\u52d5\u5411 \uff5e2025\u5e74\u306e\u7dcf\u62ec\uff08\u901f\u5831\u7248\uff09<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"M_A%E3%81%A7%E6%A0%AA%E4%BE%A1%E3%81%8C%E4%B8%8A%E3%81%8C%E3%82%8B%E4%BB%95%E7%B5%84%E3%81%BF%E3%81%A8%E3%81%AF%EF%BC%9F\"><\/span>M&amp;A\u3067\u682a\u4fa1\u304c\u4e0a\u304c\u308b\u4ed5\u7d44\u307f\u3068\u306f\uff1f<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>M&amp;A\u304c\u767a\u8868\u3055\u308c\u308b\u3068\u5bfe\u8c61\u4f01\u696d\u306e\u682a\u4fa1\u304c\u6025\u4e0a\u6607\u3059\u308b\u306e\u306f\u306a\u305c\u3067\u3057\u3087\u3046\u304b\u3002\u305d\u306e\u4ed5\u7d44\u307f\u3092\u7406\u89e3\u3059\u308b\u3053\u3068\u304c\u3001M&amp;A\u95a2\u9023\u682a\u3078\u306e\u6295\u8cc7\u3067\u53ce\u76ca\u3092\u5f97\u308b\u305f\u3081\u306e\u7b2c\u4e00\u6b69\u3067\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E3%83%97%E3%83%AC%E3%83%9F%E3%82%A2%E3%83%A0%E3%81%AE%E4%BB%98%E4%B8%8E\"><\/span>\u30d7\u30ec\u30df\u30a2\u30e0\u306e\u4ed8\u4e0e<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><strong><span class=\"pre--maker span-stk-maker-yellow\">TOB\u3067\u306f\u3001\u8cb7\u53ce\u4f01\u696d\u304c\u5bfe\u8c61\u4f01\u696d\u306e\u682a\u4fa1\u306b\u5bfe\u3057\u306620\u301c50%\u7a0b\u5ea6\u306e\u30d7\u30ec\u30df\u30a2\u30e0\uff08\u4e0a\u4e57\u305b\u4fa1\u683c\uff09\u3092\u63d0\u793a\u3059\u308b\u306e\u304c\u4e00\u822c\u7684<\/span><\/strong>\u3067\u3059\u3002\u3053\u308c\u306f\u3001\u65e2\u5b58\u682a\u4e3b\u306b\u682a\u5f0f\u3092\u58f2\u5374\u3057\u3066\u3082\u3089\u3046\u305f\u3081\u306e\u30a4\u30f3\u30bb\u30f3\u30c6\u30a3\u30d6\u3067\u3059\u3002TOB\u767a\u8868\u5f53\u65e5\u306b\u682a\u4fa1\u304c30\u301c40%\u6025\u9a30\u3059\u308b\u30b1\u30fc\u30b9\u3082\u73cd\u3057\u304f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E3%82%B7%E3%83%8A%E3%82%B8%E3%83%BC%E5%8A%B9%E6%9E%9C%E3%81%B8%E3%81%AE%E6%9C%9F%E5%BE%85\"><\/span>\u30b7\u30ca\u30b8\u30fc\u52b9\u679c\u3078\u306e\u671f\u5f85<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><strong><span class=\"pre--maker span-stk-maker-yellow\">\u5408\u4f75\u30fb\u8cb7\u53ce\u306b\u3088\u3063\u3066\u4e21\u793e\u306e\u4e8b\u696d\u304c\u7d71\u5408\u3055\u308c\u308b\u3053\u3068\u3067\u3001\u30b3\u30b9\u30c8\u524a\u6e1b\u3084\u58f2\u4e0a\u5897\u52a0\u306a\u3069\u306e\u30b7\u30ca\u30b8\u30fc\u52b9\u679c\u304c\u671f\u5f85<\/span><\/strong>\u3055\u308c\u307e\u3059\u3002\u30a2\u30ca\u30ea\u30b9\u30c8\u3084\u5e02\u5834\u53c2\u52a0\u8005\u304c\u30b7\u30ca\u30b8\u30fc\u52b9\u679c\u3092\u9ad8\u304f\u8a55\u4fa1\u3059\u308b\u3068\u3001\u8cb7\u53ce\u4f01\u696d\u306e\u682a\u4fa1\u3082\u4e0a\u6607\u3059\u308b\u3053\u3068\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"M_A%E9%96%A2%E9%80%A3%E6%A0%AA%E3%81%AE%E5%80%A4%E5%8B%95%E3%81%8D%E3%83%91%E3%82%BF%E3%83%BC%E3%83%B3\"><\/span>M&amp;A\u95a2\u9023\u682a\u306e\u5024\u52d5\u304d\u30d1\u30bf\u30fc\u30f3<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>TOB\u767a\u8868\u5f53\u65e5\uff1a\u5bfe\u8c61\u4f01\u696d\u682a\u4fa1\u304c\u6025\u9a30\uff0820\u301c50%\uff09<\/li>\n\n\n\n<li>TOB\u671f\u9593\u4e2d\uff1a\u682a\u4fa1\u306fTOB\u4fa1\u683c\u4ed8\u8fd1\u3067\u63a8\u79fb<\/li>\n\n\n\n<li>M&amp;A\u306e\u5642\u30fb\u89b3\u6e2c\u5831\u9053\uff1a\u767a\u8868\u524d\u304b\u3089\u682a\u4fa1\u304c\u4e0a\u6607\u3057\u59cb\u3081\u308b\u30b1\u30fc\u30b9\u3082<\/li>\n\n\n\n<li>\u5bfe\u6297TOB\u306e\u53ef\u80fd\u6027\uff1a\u8907\u6570\u306e\u8cb7\u53ce\u8005\u304c\u540d\u4e57\u308a\u3092\u4e0a\u3052\u308b\u3068\u682a\u4fa1\u304c\u3055\u3089\u306b\u4e0a\u6607<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"M_A%E9%96%A2%E9%80%A3%E3%81%8A%E3%81%99%E3%81%99%E3%82%81%E9%8A%98%E6%9F%84%E3%80%90%E8%B2%B7%E5%8F%8E%E5%80%99%E8%A3%9C%E3%83%BB%E3%82%A2%E3%82%AF%E3%83%86%E3%82%A3%E3%83%93%E3%82%B9%E3%83%88%E9%96%A2%E9%80%A3%E3%80%91\"><\/span>M&amp;A\u95a2\u9023\u304a\u3059\u3059\u3081\u9298\u67c4\u3010\u8cb7\u53ce\u5019\u88dc\u30fb\u30a2\u30af\u30c6\u30a3\u30d3\u30b9\u30c8\u95a2\u9023\u3011<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u3053\u3053\u3067\u306f\u3001M&amp;A\u306e\u30bf\u30fc\u30b2\u30c3\u30c8\u306b\u306a\u308a\u3084\u3059\u3044\u7279\u6027\u3092\u6301\u3064\u9298\u67c4\u3084\u3001\u30a2\u30af\u30c6\u30a3\u30d3\u30b9\u30c8\u6295\u8cc7\u5bb6\u304c\u6ce8\u76ee\u3057\u3066\u3044\u308b\u9298\u67c4\u3092\u7d39\u4ecb\u3057\u307e\u3059\u3002\u4ee5\u4e0b\u306f\u3042\u304f\u307e\u3067\u53c2\u8003\u60c5\u5831\u3067\u3042\u308a\u3001\u6295\u8cc7\u5224\u65ad\u306f\u81ea\u5df1\u8cac\u4efb\u3067\u304a\u9858\u3044\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E2%91%A0_%E5%89%B2%E5%AE%89PBR%E6%A0%AA%EF%BC%88%E9%9D%9E%E5%85%AC%E9%96%8B%E5%8C%96%E5%80%99%E8%A3%9C%EF%BC%89\"><\/span>\u2460 \u5272\u5b89PBR\u682a\uff08\u975e\u516c\u958b\u5316\u5019\u88dc\uff09<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>PBR\uff08\u682a\u4fa1\u7d14\u8cc7\u7523\u500d\u7387\uff09\u304c1\u500d\u3092\u5927\u304d\u304f\u4e0b\u56de\u308b\u4f01\u696d\u306f\u3001\u8cb7\u53ce\u8005\u306b\u3068\u3063\u3066<strong>\u300c\u89e3\u6563\u4fa1\u5024\u3092\u4e0b\u56de\u308b\u4fa1\u683c\u3067\u4f01\u696d\u3092\u4e38\u3054\u3068\u8cb7\u3048\u308b\u300d<\/strong>\u3053\u3068\u3092\u610f\u5473\u3059\u308b\u305f\u3081\u3001TOB\u306e\u6a19\u7684\u306b\u306a\u308a\u3084\u3059\u3044\u3068\u3055\u308c\u3066\u3044\u307e\u3059\u3002\u6771\u8a3c\u304c2023\u5e74\u304b\u3089\u5168\u4e0a\u5834\u4f01\u696d\u306b\u5bfe\u3057\u3066PBR\u6539\u5584\u3092\u8981\u8acb\u3057\u305f\u3053\u3068\u3067\u3001\u4f4ePBR\u9298\u67c4\u3078\u306e\u6ce8\u76ee\u5ea6\u306f\u4e00\u5c64\u9ad8\u307e\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E6%B3%A8%E7%9B%AE%E3%81%AE%E4%BD%8EPBR%E3%83%BB%E5%89%B2%E5%AE%89%E9%8A%98%E6%9F%84%E3%81%AE%E7%89%B9%E6%80%A7\"><\/span>\u6ce8\u76ee\u306e\u4f4ePBR\u30fb\u5272\u5b89\u9298\u67c4\u306e\u7279\u6027<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<figure class=\"wp-block-table stk-table-scroll is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>\u30bb\u30af\u30bf\u30fc<\/strong><\/td><td><strong>\u4ee3\u8868\u7684\u306a\u7279\u6027<\/strong><\/td><td><strong>M&amp;A\u6ce8\u76ee\u7406\u7531<\/strong><\/td><td><strong>\u6295\u8cc7\u96e3\u6613\u5ea6<\/strong><\/td><\/tr><tr><td>\u5c0f\u58f2\u30fb\u6d41\u901a<\/td><td>\u8c4a\u5bcc\u306a\u73fe\u9810\u91d1\u30fb\u4f4e\u53ce\u76ca\u4f53\u8cea<\/td><td>\u975e\u516c\u958b\u5316\u30fb\u696d\u614b\u8ee2\u63db<\/td><td>\u4e2d<\/td><\/tr><tr><td>\u5efa\u8a2d\u30fb\u4e0d\u52d5\u7523<\/td><td>\u4fdd\u6709\u8cc7\u7523\u306e\u7c3f\u4fa1\u4e56\u96e2<\/td><td>\u8cc7\u7523\u52b9\u7387\u6539\u5584\u76ee\u7684<\/td><td>\u4e2d\u9ad8<\/td><\/tr><tr><td>\u88fd\u9020\u696d\uff08\u4e2d\u5c0f\u578b\uff09<\/td><td>\u6280\u8853\u30fb\u7279\u8a31\u4fdd\u6709\u30fb\u5f8c\u7d99\u8005\u4e0d\u8db3<\/td><td>\u6280\u8853\u53d6\u5f97\u30fb\u4e8b\u696d\u627f\u7d99<\/td><td>\u4e2d<\/td><\/tr><tr><td>\u91d1\u878d\u30fb\u9280\u884c\uff08\u5730\u9280\uff09<\/td><td>\u4f4e\u53ce\u76ca\u30fb\u30c7\u30b8\u30bf\u30eb\u5316\u9045\u308c<\/td><td>\u7d71\u5408\u30fb\u518d\u7de8<\/td><td>\u9ad8<\/td><\/tr><tr><td>\u60c5\u5831\u30fb\u901a\u4fe1<\/td><td>\u9867\u5ba2\u57fa\u76e4\u30fb\u30c7\u30fc\u30bf\u8cc7\u7523<\/td><td>\u30c7\u30b8\u30bf\u30eb\u6226\u7565\u5f37\u5316<\/td><td>\u4e2d<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E2%91%A1_%E3%82%A2%E3%82%AF%E3%83%86%E3%82%A3%E3%83%93%E3%82%B9%E3%83%88%E6%8A%95%E8%B3%87%E5%AE%B6%E6%B3%A8%E7%9B%AE%E9%8A%98%E6%9F%84%E3%81%AE%E7%89%B9%E6%80%A7\"><\/span>\u2461 \u30a2\u30af\u30c6\u30a3\u30d3\u30b9\u30c8\u6295\u8cc7\u5bb6\u6ce8\u76ee\u9298\u67c4\u306e\u7279\u6027<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u6d77\u5916\u306e\u8457\u540d\u30a2\u30af\u30c6\u30a3\u30d3\u30b9\u30c8\uff08\u30a8\u30ea\u30aa\u30c3\u30c8\u30fb\u30de\u30cd\u30b8\u30e1\u30f3\u30c8\u3001\u30d0\u30ea\u30e5\u30fc\u30a2\u30af\u30c8\u30fb\u30ad\u30e3\u30d4\u30bf\u30eb\u3001Dalton Investments\u306a\u3069\uff09\u304c\u5927\u91cf\u4fdd\u6709\u5831\u544a\u66f8\u3092\u63d0\u51fa\u3057\u305f\u4f01\u696d\u306f\u3001\u305d\u306e\u5f8cM&amp;A\u3084TOB\u3001\u81ea\u793e\u682a\u8cb7\u3044\u5f37\u5316\u306a\u3069\u306e\u682a\u4e3b\u4fa1\u5024\u5411\u4e0a\u7b56\u304c\u5b9f\u65bd\u3055\u308c\u308b\u53ef\u80fd\u6027\u304c\u9ad8\u307e\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E3%82%A2%E3%82%AF%E3%83%86%E3%82%A3%E3%83%93%E3%82%B9%E3%83%88%E4%BB%8B%E5%85%A5%E5%BE%8C%E3%81%AB%E3%82%88%E3%81%8F%E8%A6%8B%E3%82%89%E3%82%8C%E3%82%8B%E6%96%BD%E7%AD%96\"><\/span>\u30a2\u30af\u30c6\u30a3\u30d3\u30b9\u30c8\u4ecb\u5165\u5f8c\u306b\u3088\u304f\u898b\u3089\u308c\u308b\u65bd\u7b56<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ol class=\"wp-block-list\">\n<li>\u7d4c\u55b6\u9663\u5237\u65b0\u30fb\u793e\u5916\u53d6\u7de0\u5f79\u306e\u5897\u54e1<\/li>\n\n\n\n<li>\u975e\u4e2d\u6838\u4e8b\u696d\u306e\u58f2\u5374\uff08\u30ab\u30fc\u30d6\u30a2\u30a6\u30c8\uff09<\/li>\n\n\n\n<li>\u81ea\u793e\u682a\u8cb7\u3044\u30fb\u5897\u914d\u306a\u3069\u306e\u682a\u4e3b\u9084\u5143\u5f37\u5316<\/li>\n\n\n\n<li>\u975e\u516c\u958b\u5316TOB\u306e\u5b9f\u65bd<\/li>\n\n\n\n<li>\u6301\u3061\u5408\u3044\u682a\u89e3\u6d88\u3068\u8cc7\u672c\u52b9\u7387\u6539\u5584<\/li>\n<\/ol>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E2%91%A2_MBO%EF%BC%88%E3%83%9E%E3%83%8D%E3%82%B8%E3%83%A1%E3%83%B3%E3%83%88%E3%83%BB%E3%83%90%E3%82%A4%E3%82%A2%E3%82%A6%E3%83%88%EF%BC%89%E5%80%99%E8%A3%9C%E9%8A%98%E6%9F%84\"><\/span>\u2462 MBO\uff08\u30de\u30cd\u30b8\u30e1\u30f3\u30c8\u30fb\u30d0\u30a4\u30a2\u30a6\u30c8\uff09\u5019\u88dc\u9298\u67c4<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>MBO\u3068\u306f\u3001\u7d4c\u55b6\u9663\u304c\u81ea\u793e\u682a\u3092\u8cb7\u3044\u96c6\u3081\u3066\u975e\u516c\u958b\u5316\u3059\u308bM&amp;A\u306e\u5f62\u614b\u3067\u3059\u3002<strong><span class=\"pre--maker span-stk-maker-yellow\">2024\u301c2025\u5e74\u306b\u304b\u3051\u3066\u3001\u6771\u8a3c\u306e\u8981\u8acb\u3092\u53d7\u3051\u3066\u4e0a\u5834\u5ec3\u6b62\u30fb\u975e\u516c\u958b\u5316\u3092\u9078\u629e\u3059\u308b\u4f01\u696d\u304c\u5897\u52a0\u3057\u3066\u304a\u308a\u3001MBO\u6848\u4ef6\u306f\u5f15\u304d\u7d9a\u304d\u5897\u52a0\u3059\u308b\u3053\u3068\u304c\u4e88\u60f3\u3055\u308c\u307e\u3059\u3002<\/span><\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u5275\u696d\u5bb6\u3084\u7d4c\u55b6\u9663\u304c\u5927\u682a\u4e3b\u3068\u3057\u3066\u541b\u81e8\u3057\u3066\u3044\u308b<\/li>\n\n\n\n<li>\u682a\u5f0f\u5e02\u5834\u3067\u306e\u8a55\u4fa1\u304c\u5b9f\u614b\u4fa1\u5024\u3092\u4e0b\u56de\u3063\u3066\u3044\u308b<\/li>\n\n\n\n<li>\u4e0a\u5834\u7dad\u6301\u30b3\u30b9\u30c8\u3092\u8ca0\u62c5\u306b\u611f\u3058\u3066\u3044\u308b\u4e2d\u5c0f\u578b\u4f01\u696d<\/li>\n\n\n\n<li>\u89aa\u4f1a\u793e\u304b\u3089\u306e\u5b8c\u5168\u5b50\u4f1a\u793e\u5316\u3092\u6253\u8a3a\u3055\u308c\u3066\u3044\u308b\u4e0a\u5834\u5b50\u4f1a\u793e<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"M_A%E3%82%A2%E3%83%89%E3%83%90%E3%82%A4%E3%82%B6%E3%83%AA%E3%83%BC%E3%83%BB%E4%BB%B2%E4%BB%8B%E6%A5%AD%E8%80%85%E3%81%8A%E3%81%99%E3%81%99%E3%82%81%E9%8A%98%E6%9F%84%E3%80%90%E8%A9%B3%E7%B4%B0%E7%89%88%E3%80%91\"><\/span>M&amp;A\u30a2\u30c9\u30d0\u30a4\u30b6\u30ea\u30fc\u30fb\u4ef2\u4ecb\u696d\u8005\u304a\u3059\u3059\u3081\u9298\u67c4\u3010\u8a73\u7d30\u7248\u3011<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong><span class=\"pre--maker span-stk-maker-yellow\">M&amp;A\u5bfe\u8c61\u4f01\u696d\u3078\u306e\u76f4\u63a5\u6295\u8cc7\u3060\u3051\u3067\u306a\u304f\u3001M&amp;A\u3092\u4ef2\u4ecb\u30fb\u30a2\u30c9\u30d0\u30a4\u30b9\u3059\u308b\u4f01\u696d\u306e\u682a\u5f0f\u306b\u6295\u8cc7\u3059\u308b\u6226\u7565\u3082\u6709\u52b9<\/span><\/strong>\u3067\u3059\u3002M&amp;A\u4ef6\u6570\u304c\u5897\u3048\u308b\u307b\u3069\u696d\u7e3e\u304c\u4f38\u3073\u308b\u30d3\u30b8\u30cd\u30b9\u30e2\u30c7\u30eb\u3067\u3042\u308a\u3001M&amp;A\u5e02\u5834\u5168\u4f53\u306e\u6210\u9577\u304b\u3089\u6069\u6075\u3092\u53d7\u3051\u3089\u308c\u307e\u3059\u30022024\u5e74\u306b\u56fd\u5185M&amp;A\u4ef6\u6570\u304c\u904e\u53bb\u6700\u9ad8\u306e4,700\u4ef6\u3092\u8a18\u9332\u3059\u308b\u4e2d\u3001\u4ef2\u4ecb\u30fb\u30a2\u30c9\u30d0\u30a4\u30b6\u30ea\u30fc\u5404\u793e\u306f\u8ed2\u4e26\u307f\u696d\u7e3e\u3092\u62e1\u5927\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E3%80%90%E4%B8%8A%E5%A0%B4%E5%A4%A7%E6%89%8B%E3%80%91%E7%8B%AC%E7%AB%8B%E7%B3%BBM_A%E4%BB%B2%E4%BB%8B%E4%BC%9A%E7%A4%BE_%E8%A9%B3%E7%B4%B0%E6%AF%94%E8%BC%83\"><\/span>\u3010\u4e0a\u5834\u5927\u624b\u3011\u72ec\u7acb\u7cfbM&amp;A\u4ef2\u4ecb\u4f1a\u793e \u8a73\u7d30\u6bd4\u8f03<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u4ee5\u4e0b\u306f\u6771\u4eac\u8a3c\u5238\u53d6\u5f15\u6240\u306b\u4e0a\u5834\u3057\u3066\u304a\u308a\u3001M&amp;A\u4ef2\u4ecb\u30fb\u30a2\u30c9\u30d0\u30a4\u30b6\u30ea\u30fc\u3092\u4e3b\u529b\u4e8b\u696d\u3068\u3059\u308b\u4e3b\u8981\u4f01\u696d\u3067\u3059\u3002\u6295\u8cc7\u5bb6\u304b\u3089\u6ce8\u76ee\u5ea6\u304c\u9ad8\u304f\u3001\u682a\u5f0f\u5e02\u5834\u3067\u306e\u6d41\u52d5\u6027\u3082\u6bd4\u8f03\u7684\u78ba\u4fdd\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u203b\u682a\u4fa1\u306fYahoo!\u30d5\u30a1\u30a4\u30ca\u30f3\u30b9\u306b\u9077\u79fb\u3057\u307e\u3059<\/p>\n\n\n\n<figure class=\"wp-block-table stk-table-scroll is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>\u4f1a\u793e\u540d<\/strong><\/td><td><strong>\u8a3c\u5238\u30b3\u30fc\u30c9<\/strong><\/td><td><strong>\u5e02\u5834<\/strong><\/td><td><strong>\u5f37\u307f\u30fb\u7279\u5fb4<\/strong><\/td><td><strong>\u4e3b\u306a\u5bfe\u8c61\u898f\u6a21<\/strong><\/td><\/tr><tr><td><a href=\"https:\/\/finance.yahoo.co.jp\/quote\/2127.T\" target=\"_blank\" rel=\"noopener\" title=\"\"><strong>\u65e5\u672cM&amp;A\u30bb\u30f3\u30bf\u30fc<\/strong><\/a><\/td><td>2127<\/td><td>\u30d7\u30e9\u30a4\u30e0<\/td><td>\u696d\u754c\u6700\u5927\u624b\u30fb\u6210\u7d04\u4ef6\u6570\u30ae\u30cd\u30b9\u8a8d\u5b9a\u30fb\u5168\u56fd\u306e\u4f1a\u8a08\u4e8b\u52d9\u6240\u30fb\u91d1\u878d\u6a5f\u95a2\u30cd\u30c3\u30c8\u30ef\u30fc\u30af\u30fb\u30ef\u30f3\u30b9\u30c8\u30c3\u30d7\u652f\u63f4<\/td><td>\u4e2d\u5c0f\u301c\u4e2d\u5805<\/td><\/tr><tr><td><a href=\"https:\/\/finance.yahoo.co.jp\/quote\/6080.T\" target=\"_blank\" rel=\"noopener\" title=\"\"><strong>M&amp;A\u30ad\u30e3\u30d4\u30bf\u30eb\u30d1\u30fc\u30c8\u30ca\u30fc\u30ba<\/strong><\/a><\/td><td>6080<\/td><td>\u30d7\u30e9\u30a4\u30e0<\/td><td>\u5b8c\u5168\u6210\u529f\u5831\u916c\u578b\u30fb\u5927\u578b\u6848\u4ef6\u306b\u5f37\u307f\u30fb\u30a2\u30c9\u30d0\u30a4\u30b6\u30fc\u4e00\u6c17\u901a\u8cab\u5bfe\u5fdc\u30fb\u5e73\u5747\u5e74\u53ce\u65e5\u672c\u4e00\u6c34\u6e96<\/td><td>\u4e2d\u5805\u301c\u5927\u578b<\/td><\/tr><tr><td><strong><a href=\"https:\/\/finance.yahoo.co.jp\/quote\/6196.T\" target=\"_blank\" rel=\"noopener\" title=\"\">\u30b9\u30c8\u30e9\u30a4\u30af<\/a><\/strong><\/td><td>6196<\/td><td>\u30d7\u30e9\u30a4\u30e0<\/td><td>\u516c\u8a8d\u4f1a\u8a08\u58eb\u4e3b\u4f53\u30fbIT\u7279\u5316\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u300cSMART\u300d\u904b\u55b6\u30fb\u5c02\u9580\u6027\u91cd\u8996<\/td><td>\u4e2d\u5c0f\u301c\u4e2d\u5805<\/td><\/tr><tr><td><strong><a href=\"https:\/\/finance.yahoo.co.jp\/quote\/9552.T\" target=\"_blank\" rel=\"noopener\" title=\"\">\u30af\u30aa\u30f3\u30c4\u7dcf\u7814\u30db\u30fc\u30eb\u30c7\u30a3\u30f3\u30b0\u30b9<\/a><\/strong><\/td><td>9552<\/td><td>\u30b0\u30ed\u30fc\u30b9<\/td><td>AI\u30de\u30c3\u30c1\u30f3\u30b0\u6d3b\u7528\u30fb\u5b8c\u5168\u6210\u529f\u5831\u916c\u30fb\u77ed\u671f\u6210\u7d04\u30fb\u30c6\u30c3\u30af\u00d7M&amp;A\u306e\u30ea\u30fc\u30c0\u30fc<\/td><td>\u4e2d\u5c0f\u301c\u4e2d\u5805<\/td><\/tr><tr><td><strong><a href=\"https:\/\/finance.yahoo.co.jp\/quote\/192A.T\" target=\"_blank\" rel=\"noopener\" title=\"\">\u30a4\u30f3\u30c6\u30b0\u30eb\u30fc\u30d7<\/a><\/strong><\/td><td>192A<\/td><td>\u30b0\u30ed\u30fc\u30b9<\/td><td>2024\u5e746\u6708\u4e0a\u5834\u30fbMBO\u652f\u63f4\u306b\u5f37\u307f\u30fb\u5b8c\u5168\u6210\u529f\u5831\u916c\u30fb\u5c11\u6570\u7cbe\u92ed\u9ad8\u54c1\u8cea<\/td><td>\u4e2d\u5c0f\u301c\u4e2d\u5805<\/td><\/tr><tr><td><strong><a href=\"https:\/\/finance.yahoo.co.jp\/quote\/9236.T\" target=\"_blank\" rel=\"noopener\" title=\"\">\u30b8\u30e3\u30d1\u30f3M&amp;A\u30bd\u30ea\u30e5\u30fc\u30b7\u30e7\u30f3<\/a><\/strong><\/td><td>9236<\/td><td>\u30b0\u30ed\u30fc\u30b9<\/td><td>2023\u5e74\u4e0a\u5834\u30fb\u533b\u7642\u30fb\u4ecb\u8b77\u30fb\u85ac\u5c40\u7279\u5316\u30fb\u8299\u84c9\u7dcf\u5408\u30ea\u30fc\u30b9\u5098\u4e0b<\/td><td>\u533b\u7642\u30fb\u4ecb\u8b77<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"is-style-supplement-hint\"><strong>\u65e5\u672c\u56fd\u5185\u306eM&amp;A\u4ef2\u4ecb\u4f1a\u793e\u306eBig4\u306f\u3001\u682a\u5f0f\u4f1a\u793e\u65e5\u672cM&amp;A\u30bb\u30f3\u30bf\u30fc\u3001\u682a\u5f0f\u4f1a\u793eM&amp;A\u30ad\u30e3\u30d4\u30bf\u30eb\u30d1\u30fc\u30c8\u30ca\u30fc\u30ba\u3001\u682a\u5f0f\u4f1a\u793e\u30b9\u30c8\u30e9\u30a4\u30af\u3001\u682a\u5f0f\u4f1a\u793eM&amp;A\u7dcf\u5408\u7814\u7a76\u6240<\/strong>\u3068\u8a00\u308f\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E3%80%90%E6%B3%A8%E7%9B%AE%E6%88%90%E9%95%B7%E6%A0%AA%E3%80%91M_A%E4%BB%B2%E4%BB%8B%E3%83%BB%E3%83%86%E3%83%83%E3%82%AF%E7%B3%BB%E3%83%97%E3%83%AC%E3%82%A4%E3%83%A4%E3%83%BC\"><\/span>\u3010\u6ce8\u76ee\u6210\u9577\u682a\u3011M&amp;A\u4ef2\u4ecb\u30fb\u30c6\u30c3\u30af\u7cfb\u30d7\u30ec\u30a4\u30e4\u30fc<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u8fd1\u5e74\u3001AI\u3084\u30c7\u30b8\u30bf\u30eb\u6280\u8853\u3092\u6d3b\u7528\u3057\u3066M&amp;A\u4ef2\u4ecb\u306e\u52b9\u7387\u5316\u30fb\u9ad8\u901f\u5316\u3092\u56f3\u308b\u65b0\u8208\u4f01\u696d\u304c\u53f0\u982d\u3057\u3066\u3044\u307e\u3059\u3002\u6210\u9577\u7387\u306f\u9ad8\u3044\u4e00\u65b9\u3001\u696d\u7e3e\u5909\u52d5\u30ea\u30b9\u30af\u3082\u5927\u304d\u3044\u70b9\u306b\u306f\u6ce8\u610f\u304c\u5fc5\u8981\u3067\u3059\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes stk-table-scroll\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>\u4f1a\u793e\u540d<\/strong><\/td><td><strong>\u8a3c\u5238\u30b3\u30fc\u30c9<\/strong><\/td><td><strong>\u7279\u5fb4\u30fb\u5f37\u307f<\/strong><\/td><td><strong>\u6295\u8cc7\u30dd\u30a4\u30f3\u30c8<\/strong><\/td><\/tr><tr><td>\u30af\u30aa\u30f3\u30c4\u7dcf\u7814\u30db\u30fc\u30eb\u30c7\u30a3\u30f3\u30b0\u30b9<\/td><td>9552<\/td><td>AI\u30d3\u30c3\u30b0\u30c7\u30fc\u30bf\u6d3b\u7528\u30fbPKSHA Technology\u3068\u696d\u52d9\u63d0\u643a\u30fb\u696d\u754c2\u4f4d\u306e\u6642\u4fa1\u7dcf\u984d<\/td><td>\u30c6\u30c3\u30af\u6d3b\u7528\u3067\u751f\u7523\u6027\u5727\u5012\u7684\u30fb\u6025\u6210\u9577\u7d99\u7d9a\u4e2d<\/td><\/tr><tr><td>\u30d0\u30c8\u30f3\u30ba\uff08Batonz\uff09<\/td><td>\u672a\u4e0a\u5834<\/td><td>\u30aa\u30f3\u30e9\u30a4\u30f3M&amp;A\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u30fb\u5c0f\u898f\u6a21\u6848\u4ef6\u7279\u5316\u30fb\u7740\u624b\u91d1\u30bc\u30ed<\/td><td>IPO\u5019\u88dc\u30fb\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u62e1\u5927\u4f59\u5730\u5927<\/td><\/tr><tr><td>fundbook<\/td><td>\u672a\u4e0a\u5834<\/td><td>IT\u6d3b\u7528\u30fb\u5168\u56fd\u5bfe\u5fdc\u30fb\u4e8b\u696d\u627f\u7d99\u7279\u5316\u30fbIPO\u6e96\u5099\u4e2d\u3068\u3055\u308c\u308b<\/td><td>\u4e0a\u5834\u5f8c\u306e\u6210\u9577\u671f\u5f85\u30fb\u8981\u30a6\u30a9\u30c3\u30c1<\/td><\/tr><tr><td>\u30a6\u30a3\u30eb\u30b2\u30fc\u30c8M&amp;A<\/td><td>\u975e\u4e0a\u5834\uff08\u89aa\uff1a\u30a6\u30a3\u30eb\u30b2\u30fc\u30c8\uff09<\/td><td>Web\u30fbIT\u7279\u5316\u30fb9,100\u793e\u8d85\u306e\u7d4c\u55b6\u8005\u30cd\u30c3\u30c8\u30ef\u30fc\u30af<\/td><td>Web\u696d\u754cM&amp;A\u7279\u5316\u306e\u5c02\u9580\u6027\u304c\u6b66\u5668<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E3%80%90%E8%A8%BC%E5%88%B8%E3%83%BB%E9%8A%80%E8%A1%8C%E7%B3%BB%E3%80%91%E5%A4%A7%E5%9E%8B%E6%A1%88%E4%BB%B6%E3%83%BB%E3%82%AF%E3%83%AD%E3%82%B9%E3%83%9C%E3%83%BC%E3%83%80%E3%83%BCM_A%E3%81%AE%E6%97%97%E6%89%8B\"><\/span>\u3010\u8a3c\u5238\u30fb\u9280\u884c\u7cfb\u3011\u5927\u578b\u6848\u4ef6\u30fb\u30af\u30ed\u30b9\u30dc\u30fc\u30c0\u30fcM&amp;A\u306e\u65d7\u624b<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><strong><span class=\"pre--maker span-stk-maker-yellow\">\u5927\u578b\u6848\u4ef6\u3084\u30af\u30ed\u30b9\u30dc\u30fc\u30c0\u30fcM&amp;A\u3067\u306f\u3001\u8a3c\u5238\u4f1a\u793e\u30fb\u6295\u8cc7\u9280\u884c\u30fb\u30e1\u30ac\u30d0\u30f3\u30af\u306eM&amp;A\u30a2\u30c9\u30d0\u30a4\u30b6\u30ea\u30fc\u90e8\u9580\u304c\u91cd\u8981\u306a\u5f79\u5272\u3092\u62c5\u3044\u307e\u3059\u3002<\/span><\/strong>\u3053\u308c\u3089\u306fM&amp;A\u5c02\u696d\u3067\u306f\u306a\u3044\u3082\u306e\u306e\u3001M&amp;A\u5e02\u5834\u306e\u62e1\u5927\u304c\u53ce\u76ca\u306b\u76f4\u7d50\u3059\u308b\u9298\u67c4\u3068\u3057\u3066\u6ce8\u76ee\u3067\u304d\u307e\u3059\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes stk-table-scroll\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>\u4f1a\u793e\u540d<\/strong><\/td><td><strong>\u8a3c\u5238\u30b3\u30fc\u30c9<\/strong><\/td><td><strong>\u5e02\u5834<\/strong><\/td><td><strong>M&amp;A\u95a2\u9023\u30d3\u30b8\u30cd\u30b9\u306e\u5f37\u307f<\/strong><\/td><\/tr><tr><td><strong><a href=\"https:\/\/finance.yahoo.co.jp\/quote\/8604.T\" target=\"_blank\" rel=\"noopener\" title=\"\">\u91ce\u6751\u30db\u30fc\u30eb\u30c7\u30a3\u30f3\u30b0\u30b9<\/a><\/strong><\/td><td>8604<\/td><td>\u30d7\u30e9\u30a4\u30e0<\/td><td>\u30af\u30ed\u30b9\u30dc\u30fc\u30c0\u30fcM&amp;A\u4ef6\u6570\u56fd\u51851\u4f4d\uff082024\u5e74\uff09\u30fb\u30b0\u30ed\u30fc\u30d0\u30eb\u30cd\u30c3\u30c8\u30ef\u30fc\u30af<\/td><\/tr><tr><td><strong><a href=\"https:\/\/finance.yahoo.co.jp\/quote\/8601.T\" target=\"_blank\" rel=\"noopener\" title=\"\">\u5927\u548c\u8a3c\u5238\u30b0\u30eb\u30fc\u30d7\u672c\u793e<\/a><\/strong><\/td><td>8601<\/td><td>\u30d7\u30e9\u30a4\u30e0<\/td><td>\u56fd\u5185\u5927\u578bM&amp;A\u30a2\u30c9\u30d0\u30a4\u30b6\u30ea\u30fc\u30fbTOB\u30a2\u30ec\u30f3\u30b8\u30e1\u30f3\u30c8<\/td><\/tr><tr><td><strong><a href=\"https:\/\/finance.yahoo.co.jp\/quote\/8306.T\" target=\"_blank\" rel=\"noopener\" title=\"\">\u4e09\u83f1UFJ\u30d5\u30a3\u30ca\u30f3\u30b7\u30e3\u30ebG<\/a><\/strong><\/td><td>8306<\/td><td>\u30d7\u30e9\u30a4\u30e0<\/td><td>\u30e1\u30ac\u30d0\u30f3\u30af\u7cfbFA\u30fb\u30b0\u30eb\u30fc\u30d7\u4f1a\u793eMUIC\u6d3b\u7528<\/td><\/tr><tr><td><strong><a href=\"https:\/\/finance.yahoo.co.jp\/quote\/8411.T\" target=\"_blank\" rel=\"noopener\" title=\"\">\u307f\u305a\u307b\u30d5\u30a3\u30ca\u30f3\u30b7\u30e3\u30ebG<\/a><\/strong><\/td><td>8411<\/td><td>\u30d7\u30e9\u30a4\u30e0<\/td><td>\u307f\u305a\u307b\u8a3c\u5238\u306eM&amp;A\u30a2\u30c9\u30d0\u30a4\u30b6\u30ea\u30fc\u30fb\u4e2d\u5805\u6848\u4ef6\u306b\u5f37\u307f<\/td><\/tr><tr><td><strong><a href=\"https:\/\/finance.yahoo.co.jp\/quote\/8316.T\" target=\"_blank\" rel=\"noopener\" title=\"\">\u4e09\u4e95\u4f4f\u53cb\u30d5\u30a3\u30ca\u30f3\u30b7\u30e3\u30ebG<\/a><\/strong><\/td><td>8316<\/td><td>\u30d7\u30e9\u30a4\u30e0<\/td><td>SMBC\u65e5\u8208\u8a3c\u5238\u306eFA\u30b5\u30fc\u30d3\u30b9\u30fb\u30b0\u30ed\u30fc\u30d0\u30eb\u5bfe\u5fdc<\/td><\/tr><tr><td>GCA\u30b5\u30f4\u30a3\u30a2\u30f3\uff08\u30d5\u30fc\u30ea\u30cf\u30f3\u30fb\u30ed\u30fc\u30ad\u30fc\uff09<\/td><td>\uff08\u975e\u4e0a\u5834\uff09<\/td><td>\uff0d<\/td><td>\u72ec\u7acb\u7cfbFA\u30fb\u5229\u76ca\u76f8\u53cd\u306a\u3057\u30fb\u4e0a\u5834\u4f01\u696d\u6848\u4ef6\u306b\u5f37\u307f<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E3%80%90%E8%80%81%E8%88%97%E3%83%BB%E5%B0%82%E9%96%80%E7%B3%BB%E3%80%91%E4%BF%A1%E9%A0%BC%E3%81%A8%E5%AE%9F%E7%B8%BE%E3%81%AEM_A%E3%83%95%E3%82%A1%E3%83%BC%E3%83%A0\"><\/span>\u3010\u8001\u8217\u30fb\u5c02\u9580\u7cfb\u3011\u4fe1\u983c\u3068\u5b9f\u7e3e\u306eM&amp;A\u30d5\u30a1\u30fc\u30e0<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u9577\u5e74\u306e\u5b9f\u7e3e\u3068\u5c02\u9580\u6027\u3092\u6301\u3064\u8001\u8217M&amp;A\u30d5\u30a1\u30fc\u30e0\u306f\u3001\u5927\u578b\u30fb\u8907\u96d1\u6848\u4ef6\u306e\u5b9f\u7e3e\u304c\u8c4a\u5bcc\u3067\u696d\u754c\u5185\u306e\u4fe1\u983c\u304c\u539a\u3044\u3067\u3059\u3002\u6295\u8cc7\u5bb6\u76ee\u7dda\u3067\u306f\u3001\u4e0a\u5834\u3057\u3066\u3044\u308b\u30b0\u30eb\u30fc\u30d7\u89aa\u4f1a\u793e\u3078\u306e\u6295\u8cc7\u3068\u3044\u3046\u5f62\u3067\u6069\u6075\u3092\u53d7\u3051\u3089\u308c\u308b\u5834\u5408\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes stk-table-scroll\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>\u4f1a\u793e\u540d<\/strong><\/td><td><strong>\u7279\u5fb4<\/strong><\/td><td><strong>\u8a2d\u7acb<\/strong><\/td><td><strong>\u53d6\u6271\u6848\u4ef6\u306e\u7279\u8272<\/strong><\/td><\/tr><tr><td>\u30ec\u30b3\u30d5\uff08M&amp;A\u30ad\u30e3\u30d4\u30bf\u30eb\u5098\u4e0b\uff09<\/td><td>\u65e5\u672c\u521d\u306e\u72ec\u7acb\u7cfbM&amp;A\u5c02\u696d\u30d5\u30a1\u30fc\u30e0\u30fb\u4e0a\u58343,500\u793e\u306e9\u5272\u3068\u30ea\u30ec\u30fc\u30b7\u30e7\u30f3<\/td><td>1987\u5e74<\/td><td>\u4e0a\u5834\u4f01\u696d\u30fb\u4e2d\u5805\u4ee5\u4e0a\u30fb\u8907\u96d1\u6848\u4ef6<\/td><\/tr><tr><td>\u30d7\u30eb\u30fc\u30bf\u30b9\u30b3\u30f3\u30b5\u30eb\u30c6\u30a3\u30f3\u30b0<\/td><td>\u4f01\u696d\u4fa1\u5024\u8a55\u4fa1\u30fb\u7b2c\u4e09\u8005\u610f\u898b\u66f8\u306e\u6700\u5927\u624b\u30fb\u516c\u8a8d\u4f1a\u8a08\u58eb\u4e3b\u4f53<\/td><td>2004\u5e74<\/td><td>\u682a\u4fa1\u7b97\u5b9a\u30fb\u30d5\u30a7\u30a2\u30cd\u30b9\u30aa\u30d4\u30cb\u30aa\u30f3<\/td><\/tr><tr><td>\u30c7\u30ed\u30a4\u30c8 \u30c8\u30fc\u30de\u30c4 FAS<\/td><td>Big4\u7cfb\u30fb\u30c7\u30e5\u30fc\u30c7\u30ea\u30b8\u30a7\u30f3\u30b9\u30fbPMI\u652f\u63f4\u306b\u5f37\u307f<\/td><td>\u5927\u624b<\/td><td>\u5927\u578b\u30fb\u30af\u30ed\u30b9\u30dc\u30fc\u30c0\u30fc\u30fbDD\u91cd\u8996\u6848\u4ef6<\/td><\/tr><tr><td>PwC\u30a2\u30c9\u30d0\u30a4\u30b6\u30ea\u30fc<\/td><td>Big4\u7cfb\u30fb\u30b0\u30ed\u30fc\u30d0\u30eb\u6848\u4ef6\u306b\u5f37\u307f\u30fb\u8ca1\u52d9\u30fb\u6cd5\u52d9\u30fb\u7a0e\u52d9\u9023\u643a<\/td><td>\u5927\u624b<\/td><td>\u5916\u8cc7\u30fb\u30af\u30ed\u30b9\u30dc\u30fc\u30c0\u30fc\u30fb\u30b9\u30c8\u30e9\u30af\u30c1\u30e3\u30ea\u30f3\u30b0<\/td><\/tr><tr><td>KPMG FAS<\/td><td>Big4\u7cfb\u30fbM&amp;A\u30c7\u30e5\u30fc\u30c7\u30ea\u30b8\u30a7\u30f3\u30b9\u306e\u30c8\u30c3\u30d7\u30d6\u30e9\u30f3\u30c9<\/td><td>\u5927\u624b<\/td><td>\u88fd\u9020\u696d\u30fb\u30a4\u30f3\u30d5\u30e9\u30fb\u5927\u578b\u56fd\u5185\u6848\u4ef6<\/td><\/tr><tr><td>EY\u30b9\u30c8\u30e9\u30c6\u30b8\u30fc\u30fb\u30a2\u30c9\u30d0\u30a4\u30b6\u30ea\u30fc<\/td><td>Big4\u7cfb\u30fb\u6226\u7565\u304b\u3089\u7d71\u5408\u307e\u3067\u4e00\u8cab\u652f\u63f4<\/td><td>\u5927\u624b<\/td><td>PMI\u30fb\u30d0\u30ea\u30e5\u30a8\u30fc\u30b7\u30e7\u30f3\u30fb\u30af\u30ed\u30b9\u30dc\u30fc\u30c0\u30fc<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E3%80%90%E6%A5%AD%E7%A8%AE%E7%89%B9%E5%8C%96%E5%9E%8B%E3%80%91%E5%B0%82%E9%96%80%E9%A0%98%E5%9F%9F%E3%81%A7%E9%AB%98%E3%81%84%E7%AB%B6%E4%BA%89%E5%8A%9B%E3%82%92%E6%8C%81%E3%81%A4%E4%BB%B2%E4%BB%8B%E4%BC%9A%E7%A4%BE\"><\/span>\u3010\u696d\u7a2e\u7279\u5316\u578b\u3011\u5c02\u9580\u9818\u57df\u3067\u9ad8\u3044\u7af6\u4e89\u529b\u3092\u6301\u3064\u4ef2\u4ecb\u4f1a\u793e<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u7279\u5b9a\u696d\u7a2e\u306b\u7279\u5316\u3059\u308b\u3053\u3068\u3067\u6df1\u3044\u5c02\u9580\u77e5\u8b58\u3068\u696d\u754c\u30cd\u30c3\u30c8\u30ef\u30fc\u30af\u3092\u69cb\u7bc9\u3057\u3001\u7af6\u5408\u4ed6\u793e\u3068\u306e\u5dee\u5225\u5316\u3092\u56f3\u308b\u4ef2\u4ecb\u4f1a\u793e\u304c\u5897\u3048\u3066\u3044\u307e\u3059\u3002\u30cb\u30c3\u30c1\u5e02\u5834\u306b\u7279\u5316\u3057\u305f\u9ad8\u3044\u53c2\u5165\u969c\u58c1\u304c\u30d3\u30b8\u30cd\u30b9\u30e2\u30c7\u30eb\u306e\u5f37\u307f\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes stk-table-scroll\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>\u4f1a\u793e\u540d<\/strong><\/td><td><strong>\u7279\u5316\u9818\u57df<\/strong><\/td><td><strong>\u7279\u5fb4<\/strong><\/td><\/tr><tr><td>MAC\u30a2\u30c9\u30d0\u30a4\u30b6\u30ea\u30fc<\/td><td>\u8abf\u5264\u85ac\u5c40\u30fb\u30c9\u30e9\u30c3\u30b0\u30b9\u30c8\u30a2<\/td><td>\u696d\u754c\u5c02\u9580\u77e5\u8b58\u30fb100\u793e\u8d85\u306e\u8cb7\u624b\u30cd\u30c3\u30c8\u30ef\u30fc\u30af<\/td><\/tr><tr><td>\u30a8\u30e0\u30ec\u30a4\u30b9\uff08\u30ec\u30a4\u30b9G\u5b50\u4f1a\u793e\uff09<\/td><td>\u4e2d\u5c0f\u4f01\u696d\u5168\u822c<\/td><td>30,000\u793e\u306e\u7d4c\u55b6\u8005\u30cd\u30c3\u30c8\u30ef\u30fc\u30af\u30fb\u4e8b\u696d\u627f\u7d99\u30fb\u5f8c\u7d99\u8005\u30b9\u30ab\u30a6\u30c8<\/td><\/tr><tr><td>ABN\u30a2\u30c9\u30d0\u30a4\u30b6\u30fc\u30ba<\/td><td>\u4e2d\u5c0f\u4f01\u696d\u5168\u822c<\/td><td>\u3042\u304a\u305e\u3089\u9280\u884c100%\u5b50\u4f1a\u793e\u30fb\u9280\u884c\u7cfb\u306e\u5b89\u5fc3\u611f\u30fb\u30d5\u30a1\u30a4\u30ca\u30f3\u30b9\u529b<\/td><\/tr><tr><td>\u30a4\u30f3\u30c6\u30b0\u30eb\u30fc\u30d7<\/td><td>\u4e2d\u5805\u30fb\u4e2d\u5c0f\uff08MBO\u5f97\u610f\uff09<\/td><td>2024\u5e746\u6708\u4e0a\u5834\u30fb\u5b8c\u5168\u6210\u529f\u5831\u916c\u30fb\u5c11\u6570\u7cbe\u92ed<\/td><\/tr><tr><td>\u30bb\u30ec\u30f3\u30c7\u30a3\u30c3\u30d7HD<\/td><td>\u88fd\u9020\u696d\u30fb\u4e2d\u5805\u4f01\u696d<\/td><td>\u8cb7\u3044\u624b\u3068\u3057\u3066\u3082M&amp;A\u3092\u7a4d\u6975\u6d3b\u7528\u30fb\u7d4c\u55b6\u652f\u63f4\u578b<\/td><\/tr><tr><td>M&amp;A BASE<\/td><td>IT\u30fbWeb\u696d\u754c<\/td><td>IT\u9818\u57df\u7279\u5316\u30fb\u30a2\u30c9\u30d0\u30a4\u30b6\u30ea\u30fc\u3068\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u4e8c\u672c\u67f1<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"M_A%E4%BB%B2%E4%BB%8B%E6%A0%AA%E3%81%AE%E6%8A%95%E8%B3%87%E3%83%A1%E3%83%AA%E3%83%83%E3%83%88%E3%81%A8%E3%83%87%E3%83%A1%E3%83%AA%E3%83%83%E3%83%88\"><\/span>M&amp;A\u4ef2\u4ecb\u682a\u306e\u6295\u8cc7\u30e1\u30ea\u30c3\u30c8\u3068\u30c7\u30e1\u30ea\u30c3\u30c8<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E3%83%A1%E3%83%AA%E3%83%83%E3%83%88\"><\/span><strong>\u30e1\u30ea\u30c3\u30c8<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>&nbsp;M&amp;A\u4ef6\u6570\u5897\u52a0\u30c8\u30ec\u30f3\u30c9\u306b\u4e57\u308c\u308b\uff082024\u5e74\u306f4,700\u4ef6\u8d85\u30fb\u904e\u53bb\u6700\u9ad8\uff09<\/li>\n\n\n\n<li>\u666f\u6c17\u306b\u5de6\u53f3\u3055\u308c\u306b\u304f\u3044\u5b89\u5b9a\u3057\u305f\u30d5\u30a3\u30fc\u53ce\u5165\uff08\u4e8b\u696d\u627f\u7d99\u9700\u8981\u306f\u69cb\u9020\u7684\uff09<\/li>\n\n\n\n<li>\u9ad8\u3044\u5229\u76ca\u7387\uff08\u55b6\u696d\u5229\u76ca\u738730\u301c50%\u8d85\u306e\u4f01\u696d\u3082\uff09<\/li>\n\n\n\n<li>\u5c11\u5b50\u9ad8\u9f62\u5316\u30fb\u4e8b\u696d\u627f\u7d99\u9700\u8981\u306e\u69cb\u9020\u7684\u6210\u9577\u304c\u9577\u671f\u8ffd\u3044\u98a8<\/li>\n\n\n\n<li>AI\u30c6\u30c3\u30af\u6d3b\u7528\u3067\u751f\u7523\u6027\u5411\u4e0a\u30fb\u30b9\u30b1\u30fc\u30eb\u30a2\u30c3\u30d7\u4f59\u5730\u304c\u5927\u304d\u3044<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">\u30c7\u30e1\u30ea\u30c3\u30c8\u30fb\u30ea\u30b9\u30af<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u500b\u5225M&amp;A\u6848\u4ef6\u306e\u6210\u5426\u306b\u696d\u7e3e\u304c\u5de6\u53f3\u3055\u308c\u308b\uff08\u5927\u578b\u6848\u4ef6\u4f9d\u5b58\u30ea\u30b9\u30af\uff09<\/li>\n\n\n\n<li>\u512a\u79c0\u306a\u30a2\u30c9\u30d0\u30a4\u30b6\u30fc\u306e\u96e2\u8077\u30ea\u30b9\u30af\uff08\u4eba\u6750\u4f9d\u5b58\u578b\u30d3\u30b8\u30cd\u30b9\uff09<\/li>\n\n\n\n<li>\u696d\u754c\u7af6\u5408\u306e\u6fc0\u5316\u306b\u3088\u308b\u624b\u6570\u6599\u7387\u4f4e\u4e0b\u5727\u529b\uff08\u53c2\u5165\u4f01\u696d\u6025\u5897\uff09<\/li>\n\n\n\n<li>\u666f\u6c17\u5f8c\u9000\u5c40\u9762\u3067\u306f\u4e2d\u5c0f\u4f01\u696d\u30aa\u30fc\u30ca\u30fc\u306e\u58f2\u5374\u610f\u6b32\u304c\u4f4e\u4e0b\u3059\u308b\u53ef\u80fd\u6027<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">5. \u904e\u53bb\u306eM&amp;A\u4e8b\u4f8b\u3068\u682a\u4fa1\u5909\u52d5\u306e\u5b9f\u7e3e<\/h4>\n\n\n\n<p>\u904e\u53bb\u306e\u4ee3\u8868\u7684\u306aM&amp;A\u4e8b\u4f8b\u3092\u632f\u308a\u8fd4\u308a\u3001\u682a\u4fa1\u304c\u3069\u306e\u3088\u3046\u306b\u52d5\u3044\u305f\u304b\u3092\u78ba\u8a8d\u3059\u308b\u3053\u3068\u306f\u3001\u5c06\u6765\u306e\u6295\u8cc7\u5224\u65ad\u306b\u5f79\u7acb\u3061\u307e\u3059\u3002\u4ee5\u4e0b\u306b\u8fd1\u5e74\u306e\u6ce8\u76ee\u4e8b\u4f8b\u3092\u307e\u3068\u3081\u307e\u3057\u305f\uff08\u60c5\u5831\u306f\u3059\u3079\u3066\u516c\u958b\u60c5\u5831\u306b\u57fa\u3065\u304d\u307e\u3059\uff09\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E4%BB%A3%E8%A1%A8%E7%9A%84%E3%81%AATOB%E3%83%BBM_A%E4%BA%8B%E4%BE%8B%EF%BC%882022%E3%80%9C2024%E5%B9%B4%EF%BC%89\"><\/span>\u4ee3\u8868\u7684\u306aTOB\u30fbM&amp;A\u4e8b\u4f8b\uff082022\u301c2024\u5e74\uff09<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<figure class=\"wp-block-table stk-table-scroll is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>\u5e74<\/strong><\/td><td><strong>\u8cb7\u53ce\u4f01\u696d<\/strong><\/td><td><strong>\u5bfe\u8c61\u4f01\u696d<\/strong><\/td><td><strong>\u30d7\u30ec\u30df\u30a2\u30e0\u7387<\/strong><\/td><td><strong>\u7d50\u679c<\/strong><\/td><\/tr><tr><td>2022\u5e74<\/td><td>KKR\uff08\u7c73PE\u30d5\u30a1\u30f3\u30c9\uff09<\/td><td>\u65e5\u7acb\u7269\u6d41<\/td><td>\u7d0440%<\/td><td>TOB\u6210\u7acb\u30fb\u4e0a\u5834\u5ec3\u6b62<\/td><\/tr><tr><td>2023\u5e74<\/td><td>\u65e5\u672c\u88fd\u9244<\/td><td>US\u30b9\u30c1\u30fc\u30eb\uff08\u7c73\uff09<\/td><td>\u7d0440%<\/td><td>\u7c73\u653f\u5e9c\u5be9\u67fb\u3067\u96e3\u822a<\/td><\/tr><tr><td>2023\u5e74<\/td><td>\u30d9\u30a4\u30f3\u30ad\u30e3\u30d4\u30bf\u30eb<\/td><td>\u30c6\u30ec\u30d3\u671d\u65e5HD\uff08\u4e00\u90e8\uff09<\/td><td>\u30d7\u30ec\u30df\u30a2\u4ed8\u304d<\/td><td>\u6301\u5206\u53d6\u5f97<\/td><\/tr><tr><td>2024\u5e74<\/td><td>\u30cb\u30c7\u30c3\u30af<\/td><td>\u7267\u91ce\u30d5\u30e9\u30a4\u30b9\u88fd\u4f5c\u6240<\/td><td>\u7d0450%<\/td><td>\u6575\u5bfe\u7684TOB\u30fb\u4e0d\u6210\u7acb<\/td><\/tr><tr><td>2024\u5e74<\/td><td>\u30bd\u30cb\u30fcG\u30fb\u4f4f\u53cb\u5546\u4e8b<\/td><td>\u89d2\u5ddd\u30b0\u30eb\u30fc\u30d7<\/td><td>\u7d0460%\u8d85<\/td><td>\u5927\u578bTOB\u30fb\u5b8c\u5168\u5b50\u4f1a\u793e\u5316<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"M_A%E9%96%A2%E9%80%A3%E6%A0%AA%E3%81%AE%E6%A0%AA%E4%BE%A1%E5%A4%89%E5%8B%95%E3%83%91%E3%82%BF%E3%83%BC%E3%83%B3\"><\/span>M&amp;A\u95a2\u9023\u682a\u306e\u682a\u4fa1\u5909\u52d5\u30d1\u30bf\u30fc\u30f3<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<figure class=\"wp-block-table is-style-stripes stk-table-scroll\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>\u30d5\u30a7\u30fc\u30ba<\/strong><\/td><td><strong>\u682a\u4fa1\u306e\u52d5\u304d<\/strong><\/td><td><strong>\u6295\u8cc7\u30bf\u30a4\u30df\u30f3\u30b0<\/strong><\/td><\/tr><tr><td>M&amp;A\u89b3\u6e2c\u5831\u9053\u30fb\u5642<\/td><td>\u5148\u884c\u3057\u3066\u682a\u4fa1\u304c\u4e0a\u6607\u3057\u59cb\u3081\u308b<\/td><td>\u60c5\u5831\u53ce\u96c6\u30fb\u65e9\u671f\u53c2\u5165<\/td><\/tr><tr><td>TOB\u30fbM&amp;A\u6b63\u5f0f\u767a\u8868<\/td><td>\u6025\u9a30\uff0820\u301c50%\uff09<\/td><td>\u767a\u8868\u76f4\u5f8c\u306f\u9ad8\u5024\u306b\u306a\u308a\u3084\u3059\u3044<\/td><\/tr><tr><td>TOB\u671f\u9593\u4e2d<\/td><td>TOB\u4fa1\u683c\u4ed8\u8fd1\u3067\u5b89\u5b9a\u63a8\u79fb<\/td><td>\u9798\u53d6\u308a\uff08\u30a2\u30fc\u30d3\u30c8\u30e9\u30fc\u30b8\uff09<\/td><\/tr><tr><td>\u6210\u7acb\u30fb\u4e0a\u5834\u5ec3\u6b62\u6c7a\u5b9a<\/td><td>TOB\u4fa1\u683c\u306b\u53ce\u675f<\/td><td>\u6700\u7d42\u682a\u4fa1\u78ba\u5b9a<\/td><\/tr><tr><td>\u4e0d\u6210\u7acb\u30fb\u7834\u8ac7<\/td><td>\u6025\u843d\uff08\u767a\u8868\u524d\u6c34\u6e96\u4ee5\u4e0b\u3082\uff09<\/td><td>\u30ea\u30b9\u30af\u8981\u56e0\u3068\u3057\u3066\u6ce8\u610f<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"M_A%E9%8A%98%E6%9F%84%E3%81%B8%E3%81%AE%E6%8A%95%E8%B3%87%E6%88%A6%E7%95%A5%E3%81%A8%E3%83%AA%E3%82%B9%E3%82%AF%E7%AE%A1%E7%90%86\"><\/span>M&amp;A\u9298\u67c4\u3078\u306e\u6295\u8cc7\u6226\u7565\u3068\u30ea\u30b9\u30af\u7ba1\u7406<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>M&amp;A\u95a2\u9023\u682a\u3078\u306e\u6295\u8cc7\u306f\u5927\u304d\u306a\u30ea\u30bf\u30fc\u30f3\u304c\u671f\u5f85\u3067\u304d\u308b\u53cd\u9762\u3001\u56fa\u6709\u306e\u30ea\u30b9\u30af\u3082\u4f34\u3044\u307e\u3059\u3002\u9069\u5207\u306a\u6226\u7565\u3068\u30ea\u30b9\u30af\u7ba1\u7406\u304c\u4e0d\u53ef\u6b20\u3067\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E2%91%A0_%E3%82%A4%E3%83%99%E3%83%B3%E3%83%88%E3%83%89%E3%83%AA%E3%83%96%E3%83%B3%E6%8A%95%E8%B3%87%E6%88%A6%E7%95%A5\"><\/span>\u2460 \u30a4\u30d9\u30f3\u30c8\u30c9\u30ea\u30d6\u30f3\u6295\u8cc7\u6226\u7565<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u30ea\u30b9\u30af\u30a2\u30fc\u30d3\u30c8\u30e9\u30fc\u30b8\uff08Merger Arbitrage\uff09\uff1a<\/strong>TOB\u767a\u8868\u5f8c\u306b\u5bfe\u8c61\u4f01\u696d\u682a\u3092\u53d6\u5f97\u3057\u3001TOB\u6210\u7acb\u6642\u306e\u4fa1\u683c\u5dee\u3092\u72d9\u3046<\/li>\n\n\n\n<li><strong>\u30d7\u30ec\u30a2\u30ca\u30a6\u30f3\u30b9\u30e1\u30f3\u30c8\u6295\u8cc7\uff1a<\/strong>M&amp;A\u306e\u89b3\u6e2c\u5831\u9053\u3084\u5642\u6bb5\u968e\u3067\u5148\u56de\u308a\u6295\u8cc7\uff08\u30a4\u30f3\u30b5\u30a4\u30c0\u30fc\u53d6\u5f15\u898f\u5236\u306b\u5341\u5206\u6ce8\u610f\uff09<\/li>\n\n\n\n<li><strong>\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u6295\u8cc7\uff1a<\/strong>M&amp;A\u3092\u7a4d\u6975\u7684\u306b\u6d3b\u7528\u3057\u3066\u3044\u308b\u4f01\u696d\uff08\u8cb7\u53ce\u4f01\u696d\uff09\u306e\u682a\u306b\u9577\u671f\u6295\u8cc7<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E2%91%A1_TOB%E3%82%A2%E3%83%BC%E3%83%93%E3%83%88%E3%83%A9%E3%83%BC%E3%82%B8%E3%81%AE%E5%9F%BA%E6%9C%AC\"><\/span>\u2461 TOB\u30a2\u30fc\u30d3\u30c8\u30e9\u30fc\u30b8\u306e\u57fa\u672c<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>TOB\u30a2\u30fc\u30d3\u30c8\u30e9\u30fc\u30b8\u3068\u306f\u3001TOB\u304c\u767a\u8868\u3055\u308c\u305f\u5f8c\u306b\u5bfe\u8c61\u4f01\u696d\u306e\u682a\u5f0f\u3092\u5e02\u5834\u3067\u8cfc\u5165\u3057\u3001TOB\u304c\u6210\u7acb\u3057\u305f\u969b\u306bTOB\u4fa1\u683c\u3067\u5fdc\u52df\u3057\u3066\u5229\u76ca\u3092\u5f97\u308b\u6295\u8cc7\u624b\u6cd5\u3067\u3059\u3002\u30ea\u30b9\u30af\u306f\u4f4e\u3044\u3082\u306e\u306e\u3001\u30ea\u30bf\u30fc\u30f3\u3082\u9650\u5b9a\u7684\uff08\u5e74\u7387\u63db\u7b97\u3067\u6570%\u301c\u5341\u6570%\u7a0b\u5ea6\uff09\u3067\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E2%91%A2_%E3%83%AA%E3%82%B9%E3%82%AF%E7%AE%A1%E7%90%86%E3%81%AE%E5%9F%BA%E6%9C%AC%E5%8E%9F%E5%89%87\"><\/span>\u2462 \u30ea\u30b9\u30af\u7ba1\u7406\u306e\u57fa\u672c\u539f\u5247<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u5206\u6563\u6295\u8cc7\uff1a<\/strong>M&amp;A\u95a2\u9023\u9298\u67c4\u3060\u3051\u306b\u96c6\u4e2d\u305b\u305a\u3001\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u5168\u4f53\u3067\u30ea\u30b9\u30af\u3092\u5206\u6563\u3059\u308b<\/li>\n\n\n\n<li><strong>\u30dd\u30b8\u30b7\u30e7\u30f3\u30b5\u30a4\u30ba\u7ba1\u7406\uff1a<\/strong>1\u9298\u67c4\u3078\u306e\u6295\u8cc7\u984d\u3092\u7dcf\u8cc7\u7523\u306e5\u301c10%\u4ee5\u5185\u306b\u6291\u3048\u308b<\/li>\n\n\n\n<li><strong>\u640d\u5207\u308a\u30e9\u30a4\u30f3\u306e\u8a2d\u5b9a\uff1a<\/strong>M&amp;A\u304c\u7834\u8ac7\u306b\u306a\u3063\u305f\u5834\u5408\u306e\u640d\u5207\u308a\u6c34\u6e96\u3092\u3042\u3089\u304b\u3058\u3081\u6c7a\u3081\u3066\u304a\u304f<\/li>\n\n\n\n<li><strong>\u60c5\u5831\u53ce\u96c6\u306e\u5fb9\u5e95\uff1a<\/strong>\u5927\u91cf\u4fdd\u6709\u5831\u544a\u66f8\u3001\u9069\u6642\u958b\u793a\u60c5\u5831\u3001\u30a2\u30ca\u30ea\u30b9\u30c8\u30ec\u30dd\u30fc\u30c8\u3092\u7d99\u7d9a\u7684\u306b\u30c1\u30a7\u30c3\u30af<\/li>\n\n\n\n<li><strong>\u30a4\u30f3\u30b5\u30a4\u30c0\u30fc\u53d6\u5f15\u898f\u5236\u306e\u9075\u5b88\uff1a<\/strong>\u672a\u516c\u958b\u306e\u91cd\u8981\u60c5\u5831\u306b\u57fa\u3065\u304f\u53d6\u5f15\u306f\u53b3\u7981<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E2%91%A3_M_A%E6%8A%95%E8%B3%87%E3%81%A7%E7%89%B9%E3%81%AB%E6%B3%A8%E6%84%8F%E3%81%99%E3%81%B9%E3%81%8D%E3%83%AA%E3%82%B9%E3%82%AF\"><\/span>\u2463 M&amp;A\u6295\u8cc7\u3067\u7279\u306b\u6ce8\u610f\u3059\u3079\u304d\u30ea\u30b9\u30af<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<figure class=\"wp-block-table is-style-stripes stk-table-scroll\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>\u30ea\u30b9\u30af\u7a2e\u985e<\/strong><\/td><td><strong>\u5185\u5bb9<\/strong><\/td><td><strong>\u5bfe\u7b56<\/strong><\/td><\/tr><tr><td>\u8cb7\u53ce\u7834\u65ad\u30ea\u30b9\u30af<\/td><td>\u898f\u5236\u30fb\u682a\u4e3b\u53cd\u5bfe\u3067M&amp;A\u4e0d\u6210\u7acb<\/td><td>\u5206\u6563\u30fb\u640d\u5207\u308a\u8a2d\u5b9a<\/td><\/tr><tr><td>\u30d7\u30ec\u30df\u30a2\u30e0\u7e2e\u5c0f\u30ea\u30b9\u30af<\/td><td>\u8cb7\u53ce\u4fa1\u683c\u5f15\u304d\u4e0b\u3052\u30fb\u518d\u4ea4\u6e09<\/td><td>\u9032\u6357\u30e2\u30cb\u30bf\u30ea\u30f3\u30b0<\/td><\/tr><tr><td>\u5e02\u5834\u30ea\u30b9\u30af<\/td><td>\u76f8\u5834\u5168\u4f53\u306e\u4e0b\u843d<\/td><td>\u30d8\u30c3\u30b8\u30fb\u5206\u6563<\/td><\/tr><tr><td>\u6d41\u52d5\u6027\u30ea\u30b9\u30af<\/td><td>\u5c0f\u578b\u682a\u3067\u58f2\u8cb7\u3067\u304d\u306a\u3044<\/td><td>\u6d41\u52d5\u6027\u306e\u9ad8\u3044\u9298\u67c4\u9078\u629e<\/td><\/tr><tr><td>\u60c5\u5831\u30ea\u30b9\u30af<\/td><td>\u8aa4\u5831\u30fb\u30d5\u30a7\u30a4\u30af\u30cb\u30e5\u30fc\u30b9<\/td><td>\u8907\u6570\u30bd\u30fc\u30b9\u3067\u78ba\u8a8d<\/td><\/tr><tr><td>\u898f\u5236\u30ea\u30b9\u30af<\/td><td>\u72ec\u7981\u6cd5\u30fb\u5916\u70ba\u6cd5\u7b49\u306e\u5be9\u67fb\u9577\u671f\u5316<\/td><td>\u30af\u30ed\u30b9\u30dc\u30fc\u30c0\u30fc\u6848\u4ef6\u306f\u614e\u91cd\u306b<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"M_A%E9%96%A2%E9%80%A3%E6%A0%AA%E3%81%AE%E9%81%B8%E3%81%B3%E6%96%B9%E3%83%81%E3%82%A7%E3%83%83%E3%82%AF%E3%83%AA%E3%82%B9%E3%83%88\"><\/span>M&amp;A\u95a2\u9023\u682a\u306e\u9078\u3073\u65b9\u30c1\u30a7\u30c3\u30af\u30ea\u30b9\u30c8<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E8%B2%B7%E5%8F%8E%E5%80%99%E8%A3%9C%E9%8A%98%E6%9F%84%E3%83%81%E3%82%A7%E3%83%83%E3%82%AF%E3%83%AA%E3%82%B9%E3%83%88\"><\/span>\u8cb7\u53ce\u5019\u88dc\u9298\u67c4\u30c1\u30a7\u30c3\u30af\u30ea\u30b9\u30c8<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ol class=\"wp-block-list\">\n<li>PBR\u304c1\u500d\u4ee5\u4e0b\u3001\u307e\u305f\u306f\u8457\u3057\u304f\u4f4e\u3044\u6c34\u6e96\u306b\u3042\u308b<\/li>\n\n\n\n<li>\u6f64\u6ca2\u306a\u73fe\u9810\u91d1\u30fb\u8cc7\u7523\u3092\u6301\u3063\u3066\u3044\u308b\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u682a\u4fa1\u8a55\u4fa1\u304c\u4f4e\u3044<\/li>\n\n\n\n<li>\u5275\u696d\u5bb6\u30fb\u5927\u682a\u4e3b\u306e\u6301\u682a\u6bd4\u7387\u304c\u9ad8\u304f\u3001TOB\u3078\u306e\u8cdb\u5426\u304c\u660e\u78ba\u306b\u306a\u308a\u3084\u3059\u3044<\/li>\n\n\n\n<li>\u696d\u754c\u306e\u518d\u7de8\u30fb\u7d71\u5408\u304c\u9032\u884c\u4e2d\u306e\u30bb\u30af\u30bf\u30fc\u306b\u5c5e\u3057\u3066\u3044\u308b<\/li>\n\n\n\n<li>\u30a2\u30af\u30c6\u30a3\u30d3\u30b9\u30c8\u6295\u8cc7\u5bb6\u306b\u3088\u308b\u5927\u91cf\u4fdd\u6709\u5831\u544a\u66f8\u304c\u63d0\u51fa\u3055\u308c\u3066\u3044\u308b<\/li>\n\n\n\n<li>\u89aa\u4f1a\u793e\u304c\u4e0a\u5834\u5b50\u4f1a\u793e\u306e\u5b8c\u5168\u5b50\u4f1a\u793e\u5316\u3092\u793a\u5506\u3057\u3066\u3044\u308b<\/li>\n\n\n\n<li>\u4e8b\u696d\u627f\u7d99\u30fb\u5f8c\u7d99\u8005\u554f\u984c\u304c\u8868\u9762\u5316\u3057\u3066\u3044\u308b\u4e2d\u5c0f\u578b\u4f01\u696d<\/li>\n<\/ol>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"M_A%E4%BB%B2%E4%BB%8B%E6%A0%AA%E3%83%81%E3%82%A7%E3%83%83%E3%82%AF%E3%83%AA%E3%82%B9%E3%83%88\"><\/span>M&amp;A\u4ef2\u4ecb\u682a\u30c1\u30a7\u30c3\u30af\u30ea\u30b9\u30c8<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ol class=\"wp-block-list\">\n<li>M&amp;A\u6210\u7d04\u4ef6\u6570\u30fb\u58f2\u4e0a\u9ad8\u306e\u6210\u9577\u304c\u7d99\u7d9a\u3057\u3066\u3044\u308b\u304b<\/li>\n\n\n\n<li>\u55b6\u696d\u5229\u76ca\u7387\u304c\u9ad8\u304f\uff0830%\u8d85\u304c\u76ee\u5b89\uff09\u3001\u53ce\u76ca\u6027\u304c\u512a\u308c\u3066\u3044\u308b\u304b<\/li>\n\n\n\n<li>\u7279\u5b9a\u306e\u5927\u578b\u6848\u4ef6\u306b\u696d\u7e3e\u304c\u904e\u5ea6\u306b\u4f9d\u5b58\u3057\u3066\u3044\u306a\u3044\u304b<\/li>\n\n\n\n<li>AI\u3084\u30c6\u30af\u30ce\u30ed\u30b8\u30fc\u3092\u6d3b\u7528\u3057\u305f\u696d\u52d9\u52b9\u7387\u5316\u304c\u9032\u3093\u3067\u3044\u308b\u304b<\/li>\n\n\n\n<li>\u30a2\u30c9\u30d0\u30a4\u30b6\u30fc\u30fb\u4ef2\u4ecb\u62c5\u5f53\u8005\u306e\u96e2\u8077\u7387\u304c\u4f4e\u304f\u3001\u4eba\u6750\u304c\u5b9a\u7740\u3057\u3066\u3044\u308b\u304b<\/li>\n\n\n\n<li>\u65b0\u898f\u9867\u5ba2\u7372\u5f97\u3084\u30ea\u30d4\u30fc\u30c8\u6848\u4ef6\u306e\u30d1\u30a4\u30d7\u30e9\u30a4\u30f3\u304c\u5145\u5b9f\u3057\u3066\u3044\u308b\u304b<\/li>\n<\/ol>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E6%8A%95%E8%B3%87%E5%89%8D%E3%81%AE%E6%9C%80%E7%B5%82%E7%A2%BA%E8%AA%8D%E4%BA%8B%E9%A0%85\"><\/span>\u6295\u8cc7\u524d\u306e\u6700\u7d42\u78ba\u8a8d\u4e8b\u9805<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u9069\u6642\u958b\u793a\u60c5\u5831\uff08TDnet\uff09\u3067\u6700\u65b0\u306eIR\u60c5\u5831\u3092\u78ba\u8a8d\u6e08\u307f\u304b<\/li>\n\n\n\n<li>\u5927\u91cf\u4fdd\u6709\u5831\u544a\u66f8\u306e\u63d0\u51fa\u72b6\u6cc1\u3092\u78ba\u8a8d\u6e08\u307f\u304b\uff08EDINET\uff09<\/li>\n\n\n\n<li>\u696d\u754c\u30fb\u30bb\u30af\u30bf\u30fc\u306e\u518d\u7de8\u52d5\u5411\u3092\u628a\u63e1\u3057\u3066\u3044\u308b\u304b<\/li>\n\n\n\n<li>\u6295\u8cc7\u91d1\u984d\u304c\u30ea\u30b9\u30af\u8a31\u5bb9\u7bc4\u56f2\u5185\u306b\u53ce\u307e\u3063\u3066\u3044\u308b\u304b<\/li>\n\n\n\n<li>\u640d\u5207\u308a\u30e9\u30a4\u30f3\u3068\u5229\u76ca\u78ba\u5b9a\u6c34\u6e96\u3092\u4e8b\u524d\u306b\u6c7a\u3081\u3066\u3044\u308b\u304b<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E3%81%BE%E3%81%A8%E3%82%81%EF%BC%9AM_A%E6%8A%95%E8%B3%87%E3%81%A7%E6%88%90%E5%8A%9F%E3%81%99%E3%82%8B%E3%81%9F%E3%82%81%E3%81%AB\"><\/span>\u307e\u3068\u3081\uff1aM&amp;A\u6295\u8cc7\u3067\u6210\u529f\u3059\u308b\u305f\u3081\u306b<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong><span class=\"pre--maker span-stk-maker-yellow\">\u65e5\u672c\u306eM&amp;A\u5e02\u5834\u306f\u3001\u30b3\u30fc\u30dd\u30ec\u30fc\u30c8\u30ac\u30d0\u30ca\u30f3\u30b9\u6539\u9769\u30fb\u6771\u8a3c\u306e\u8cc7\u672c\u52b9\u7387\u6539\u5584\u8981\u8acb\u30fb\u5c11\u5b50\u9ad8\u9f62\u5316\u306b\u3088\u308b\u4e8b\u696d\u627f\u7d99\u9700\u8981\u3092\u80cc\u666f\u306b\u3001\u4eca\u5f8c\u3082\u62e1\u5927\u304c\u898b\u8fbc\u307e\u308c\u307e\u3059\u3002<\/span><\/strong>2024\u5e74\u306b\u306f4,700\u4ef6\u8d85\u3068\u904e\u53bb\u6700\u9ad8\u3092\u8a18\u9332\u3057\u30012025\u5e74\u3082\u524d\u5e74\u540c\u671f\u6bd4+12%\u3067\u63a8\u79fb\u3059\u308b\u306a\u3069\u3001\u5e02\u5834\u306e\u52e2\u3044\u306f\u8870\u3048\u3066\u3044\u307e\u305b\u3093\u3002M&amp;A\u95a2\u9023\u682a\u3078\u306e\u6295\u8cc7\u306f\u3001\u9069\u5207\u306a\u60c5\u5831\u53ce\u96c6\u3068\u30ea\u30b9\u30af\u7ba1\u7406\u3092\u5fb9\u5e95\u3059\u308b\u3053\u3068\u3067\u3001\u5927\u304d\u306a\u30ea\u30bf\u30fc\u30f3\u3092\u72d9\u3048\u308b\u9b45\u529b\u7684\u306a\u6295\u8cc7\u5206\u91ce\u3067\u3059\u3002<\/p>\n\n\n\n<p>\u672c\u8a18\u4e8b\u306e\u30dd\u30a4\u30f3\u30c8\u3092\u307e\u3068\u3081\u308b\u3068\u4ee5\u4e0b\u306e\u901a\u308a\u3067\u3059\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u65e5\u672c\u306eM&amp;A\u5e02\u5834\u306f\u5e74\u95934,700\u4ef6\u8d85\u3068\u904e\u53bb\u6700\u9ad8\u6c34\u6e96\u3001\u4eca\u5f8c\u3082\u69cb\u9020\u7684\u306a\u62e1\u5927\u304c\u671f\u5f85\u3055\u308c\u308b<\/li>\n\n\n\n<li>TOB\u767a\u8868\u6642\u306b\u306f\u5bfe\u8c61\u4f01\u696d\u682a\u4fa1\u304c20\u301c50%\u6025\u9a30\u3059\u308b\u30b1\u30fc\u30b9\u304c\u591a\u3044<\/li>\n\n\n\n<li>\u4f4ePBR\u682a\u30fb\u30a2\u30af\u30c6\u30a3\u30d3\u30b9\u30c8\u6ce8\u76ee\u682a\u30fb\u4e0a\u5834\u5b50\u4f1a\u793e\u304c\u8cb7\u53ce\u5019\u88dc\u306b\u306a\u308a\u3084\u3059\u3044<\/li>\n\n\n\n<li>\u65e5\u672cM&amp;A\u30bb\u30f3\u30bf\u30fc\u30fbM&amp;A\u30ad\u30e3\u30d4\u30bf\u30eb\u30fb\u30b9\u30c8\u30e9\u30a4\u30af\u30fbM&amp;A\u7dcf\u7814HD\u306a\u3069\u4e0a\u5834M&amp;A\u4ef2\u4ecb\u682a\u306f\u5e02\u5834\u5168\u4f53\u306e\u6210\u9577\u3092\u4eab\u53d7\u3067\u304d\u308b<\/li>\n\n\n\n<li>AI\u30c6\u30c3\u30af\u6d3b\u7528\u306e\u65b0\u8208M&amp;A\u4ef2\u4ecb\u4f1a\u793e\u306f\u9ad8\u6210\u9577\u304c\u671f\u5f85\u3055\u308c\u308b\u4e00\u65b9\u3001\u696d\u7e3e\u5909\u52d5\u30ea\u30b9\u30af\u306b\u3082\u7559\u610f<\/li>\n\n\n\n<li>Big4\u7cfbFAS\u3084\u5927\u624b\u8a3c\u5238\u306eM&amp;A\u30a2\u30c9\u30d0\u30a4\u30b6\u30ea\u30fc\u90e8\u9580\u306f\u5927\u578b\u30fb\u30af\u30ed\u30b9\u30dc\u30fc\u30c0\u30fc\u6848\u4ef6\u306e\u6069\u6075\u3092\u53d7\u3051\u308b<\/li>\n\n\n\n<li>\u5206\u6563\u6295\u8cc7\u30fb\u30dd\u30b8\u30b7\u30e7\u30f3\u7ba1\u7406\u30fb\u640d\u5207\u308a\u8a2d\u5b9a\u304c\u30ea\u30b9\u30af\u7ba1\u7406\u306e\u57fa\u672c<\/li>\n<\/ul>\n\n\n\n<p><strong><span class=\"pre--maker span-stk-maker-yellow\">M&amp;A\u95a2\u9023\u682a\u3078\u306e\u6295\u8cc7\u3092\u59cb\u3081\u308b\u969b\u306f\u3001\u8a3c\u5238\u4f1a\u793e\u306e\u9069\u6642\u958b\u793a\u60c5\u5831\u3084\u91d1\u878d\u5e81\u306e\u5927\u91cf\u4fdd\u6709\u5831\u544a\u66f8\u30c7\u30fc\u30bf\u30d9\u30fc\u30b9\uff08EDINET\uff09\u3092\u6d3b\u7528\u3057\u3001\u6700\u65b0\u60c5\u5831\u3092\u30ea\u30a2\u30eb\u30bf\u30a4\u30e0\u3067\u8ffd\u3046\u3053\u3068\u304c\u91cd\u8981<\/span><\/strong>\u3067\u3059\u3002\u6295\u8cc7\u306f\u3042\u304f\u307e\u3067\u3082\u81ea\u5df1\u8cac\u4efb\u3067\u3059\u304c\u3001\u6b63\u3057\u3044\u77e5\u8b58\u3068\u60c5\u5831\u306b\u57fa\u3065\u3044\u305f\u5224\u65ad\u304c\u6210\u529f\u3078\u306e\u8fd1\u9053\u3068\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"is-style-supplement-warning\"><strong>\u514d\u8cac\u4e8b\u9805\uff1a\u672c\u8a18\u4e8b\u306f\u60c5\u5831\u63d0\u4f9b\u3092\u76ee\u7684\u3068\u3057\u3066\u304a\u308a\u3001\u7279\u5b9a\u306e\u9298\u67c4\u306e\u8cfc\u5165\u3092\u63a8\u5968\u3059\u308b\u3082\u306e\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u6295\u8cc7\u5224\u65ad\u306f\u81ea\u5df1\u8cac\u4efb\u3067\u884c\u3063\u3066\u304f\u3060\u3055\u3044\u3002\u682a\u5f0f\u6295\u8cc7\u306b\u306f\u30ea\u30b9\u30af\u304c\u4f34\u3044\u3001\u5143\u672c\u5272\u308c\u306e\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u3002\u6295\u8cc7\u306b\u95a2\u3059\u308b\u6700\u7d42\u7684\u306a\u6c7a\u5b9a\u306f\u3001\u3054\u81ea\u8eab\u306e\u5224\u65ad\u3067\u884c\u3063\u3066\u304f\u3060\u3055\u3044\u3002<\/strong><\/p>\n\n\n<div class=\"related_article typesimple\"><a class=\"related_article__link no-icon\" href=\"https:\/\/marketsquare.jp\/?p=150\"><figure class=\"eyecatch of-cover thum\"><img decoding=\"async\" width=\"485\" height=\"273\" src=\"https:\/\/marketsquare.jp\/wp-content\/uploads\/2025\/08\/financial-securities-485x273.webp\" class=\"archives-eyecatch-image attachment-oc-post-thum wp-post-image\" alt=\"\u56fd\u5185\u3067\u304a\u3059\u3059\u3081\u306e\u8a3c\u5238\u4f1a\u793e\u30e9\u30f3\u30ad\u30f3\u30b02025\" srcset=\"https:\/\/marketsquare.jp\/wp-content\/uploads\/2025\/08\/financial-securities-485x273.webp 485w, https:\/\/marketsquare.jp\/wp-content\/uploads\/2025\/08\/financial-securities-300x169.webp 300w, https:\/\/marketsquare.jp\/wp-content\/uploads\/2025\/08\/financial-securities.webp 640w\" sizes=\"(max-width: 485px) 45vw, 485px\" \/><\/figure><div class=\"related_article__meta archives_post__meta inbox\"><div class=\"related_article__ttl ttl\"><span class=\"labeltext\">\u95a2\u9023\u8a18\u4e8b<\/span>\u56fd\u5185\u3067\u304a\u3059\u3059\u3081\u306e\u8a3c\u5238\u4f1a\u793e\u30e9\u30f3\u30ad\u30f3\u30b02026\uff5c\u521d\u5fc3\u8005\u304b\u3089\u4e0a\u7d1a\u8005\u307e\u3067\u5fb9\u5e95\u6bd4\u8f03<\/div><time class=\"time__date gf\">2026.01.08<\/time><\/div><\/a><\/div>\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u65e5\u672c\u4f01\u696d\u306eM&amp;A\uff08\u5408\u4f75\u30fb\u8cb7\u53ce\uff09\u4ef6\u6570\u306f\u5e74\u3005\u5897\u52a0\u3057\u3066\u304a\u308a\u30012024\u5e74\u306b\u306f\u904e\u53bb\u6700\u9ad8\u6c34\u6e96\u3092\u66f4\u65b0\u3057\u307e\u3057\u305f\u3002M&amp;A\u304c\u767a\u8868\u3055\u308c\u308b\u3068\u5bfe\u8c61\u4f01\u696d\u306e\u682a\u4fa1\u306f\u6025\u9a30\u3059\u308b\u3053\u3068\u304c\u591a\u304f\u3001\u6295\u8cc7\u5bb6\u306b\u3068\u3063\u3066\u5927\u304d\u306a\u30c1\u30e3\u30f3\u30b9\u3068\u306a\u308a\u307e\u3059\u3002\u672c\u8a18\u4e8b\u3067\u306f\u3001&#8230;<\/p>\n","protected":false},"author":1,"featured_media":921,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[6],"tags":[276,24,41,42,26,25],"class_list":{"0":"post-920","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-stock-investment","8":"tag-ma","9":"tag-24","10":"tag-41","11":"tag-42","12":"tag-26","13":"tag-25","14":"article"},"aioseo_notices":[],"jetpack_featured_media_url":"https:\/\/marketsquare.jp\/wp-content\/uploads\/2026\/03\/MandA.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/marketsquare.jp\/index.php?rest_route=\/wp\/v2\/posts\/920","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/marketsquare.jp\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/marketsquare.jp\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/marketsquare.jp\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/marketsquare.jp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=920"}],"version-history":[{"count":5,"href":"https:\/\/marketsquare.jp\/index.php?rest_route=\/wp\/v2\/posts\/920\/revisions"}],"predecessor-version":[{"id":937,"href":"https:\/\/marketsquare.jp\/index.php?rest_route=\/wp\/v2\/posts\/920\/revisions\/937"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/marketsquare.jp\/index.php?rest_route=\/wp\/v2\/media\/921"}],"wp:attachment":[{"href":"https:\/\/marketsquare.jp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=920"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/marketsquare.jp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=920"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/marketsquare.jp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=920"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}