\u7686\u3055\u3093\u3001\u3053\u3093\u306b\u3061\u306f\u3002<\/p>\n

\u30d5\u30a3\u30ea\u30d4\u30f3\u30fb\u30bb\u30d6\u306e\u8fd1\u77f3\u3067\u3059\u3002<\/p>\n

 <\/p>\n

\u4eca\u9031\u306e\u30d6\u30ed\u30b0\u3067\u306f\u3001\u30d5\u30a3\u30ea\u30d4\u30f3\u306e\u4f01\u696d\u3092\u8cb7\u53ce\u3057\u3088\u3046\u3068\u304a\u8003\u3048\u306e\u65b9\u306b\u5411\u3051\u3066\u3001\u30d5\u30a3\u30ea\u30d4\u30f3\u306e\u4f01\u696d\u3092\u9069\u6b63\u306b\u8a55\u4fa1\u3059\u308b\u306b\u306f\u3069\u306e\u3088\u3046\u306a\u65b9\u6cd5\u304c\u8003\u3048\u3089\u308c\u308b\u306e\u304b\u3001\u307e\u305f\u3001\u4f01\u696d\u4fa1\u5024\u3092\u8a55\u4fa1\u3059\u308b\u306b\u3042\u305f\u308a\u6c17\u3092\u4ed8\u3051\u3066\u9802\u304d\u305f\u3044\u70b9\u306b\u95a2\u3057\u3066\u3054\u5831\u544a\u3055\u305b\u3066\u9802\u304d\u307e\u3059\u3002<\/p>\n

 <\/p>\n

\u4f01\u696d\u3092\u8a55\u4fa1\u3059\u308b\u306e\u306b\u5fc5\u8981\u306a\u60c5\u5831\u306f\u69d8\u3005\u3042\u308b\u304b\u3068\u601d\u3044\u307e\u3059\u304c\u3001\u305d\u306e\u4e2d\u3067\u3082\u4f01\u696d\u306e\u4fa1\u5024\u3092\u8a55\u4fa1\u3059\u308b\u306b\u3042\u305f\u308a\u91cd\u8981\u306a\u6307\u6a19\u3068\u306a\u308b\u306e\u304c\u3001\u8ca1\u52d9\u8af8\u8868\u3067\u306f\u306a\u3044\u3067\u3057\u3087\u3046\u304b\u3002\u305d\u306e\u8ca1\u52d9\u8af8\u8868\u306e\u30af\u30aa\u30ea\u30c6\u30a3\u3084\u900f\u660e\u6027\u306f\u3001\u65e5\u672c\u306b\u6bd4\u3079\u308b\u3068\u4f4e\u3044\u3067\u3059\u3002<\/p>\n

 <\/p>\n

\u305d\u306e\u70ba\u3001\u8cb7\u53ce\u3092\u8003\u3048\u3066\u3044\u308b\u30d5\u30a3\u30ea\u30d4\u30f3\u4f01\u696d\u304b\u3089\u63d0\u51fa\u3055\u308c\u305f\u8ca1\u52d9\u8af8\u8868\u3084\u3001\u30d5\u30a3\u30ea\u30d4\u30f3\u306e\u8a3c\u5238\u53d6\u5f15\u59d4\u54e1\u4f1a\uff08SEC\uff09\u3078\u63d0\u51fa\u3055\u308c\u305f\u8ca1\u52d9\u8af8\u8868\u3092\u53c2\u7167\u3057\u3066\u3082\u3001\u305d\u306e\u5185\u5bb9\u304c\u6b63\u3057\u304f\u5831\u544a\u3055\u308c\u305f\u3082\u306e\u306a\u306e\u304b\u3001\u66f4\u306b\u305d\u308c\u3092\u5143\u306b\u4f01\u696d\u4fa1\u5024\u3092\u6b63\u78ba\u306b\u5224\u65ad\u3067\u304d\u308b\u306e\u304b\u8abf\u3079\u308b\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n

 <\/p>\n

\u307e\u305f\u3001\u8cb7\u53ce\u4f01\u696d\u304c\u6bce\u6708\u7d0d\u7a0e\u30fb\u7533\u544a\u3092\u884c\u3063\u3066\u3044\u308b\u304b\u3089\u3068\u3044\u3063\u3066\u3001\u6b63\u78ba\u306a\u7d0d\u7a0e\u984d\u3092\u7d0d\u3081\u3066\u3044\u308b\u306e\u304b\u3069\u3046\u304b\u306f\u3001\u7a0e\u52d9\u8abf\u67fb\u304c\u5165\u308b\u307e\u3067\u306f\u5b9a\u304b\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n

 <\/p>\n

\u30d5\u30a3\u30ea\u30d4\u30f3\u3067\u306f\u306a\u304b\u306a\u304b\u7a0e\u52d9\u8abf\u67fb\u304c\u5165\u3089\u306a\u3044\u3053\u3068\u3082\u3042\u308a\u3001\u8cb7\u53ce\u6642\u70b9\u3067\u306f\u7a0e\u984d\u304c\u78ba\u5b9a\u3057\u3066\u3044\u306a\u3044\u5834\u5408\u3082\u3042\u308a\u307e\u3059\u3002\u307e\u305f\u3001\u30d5\u30a3\u30ea\u30d4\u30f3\u3067\u306f\u7a0e\u52d9\u8abf\u67fb\u3092\u53d7\u3051\u305f\u5834\u5408\u3001\u6240\u8f44\u306e\u5730\u57df\u7a0e\u52d9\u5c40\u306e\u30af\u30ea\u30a2\u30e9\u30f3\u30b9\u306e\u767a\u884c\u3092\u53d7\u3051\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u5b9f\u969b\u306b\u306f\u7a0e\u52d9\u8abf\u67fb\u3092\u53d7\u3051\u3066\u3082\u3001\u7a0e\u52d9\u8abf\u67fb\u5b98\u3068\u306e\u4e0d\u6b63\u306a\u4ea4\u6e09\u306b\u3088\u308a\u6b63\u5f0f\u306a\u624b\u7d9a\u304d\u3092\u8e0f\u307e\u305a\u3001\u5f53\u8a72\u30af\u30ea\u30a2\u30e9\u30f3\u30b9\u306e\u767a\u884c\u3092\u53d7\u3051\u3066\u3044\u306a\u3044\u4f01\u696d\u304c\u3042\u308b\u3053\u3068\u3082\u7559\u610f\u3057\u3066\u304a\u3044\u305f\u65b9\u304c\u826f\u3044\u3067\u3057\u3087\u3046\u3002<\/p>\n

 <\/p>\n

\u3067\u306f\u3001\u5b9f\u969b\u306b\u30d5\u30a3\u30ea\u30d4\u30f3\u306e\u4f01\u696d\u4fa1\u5024\u3092\u8a55\u4fa1\u3059\u308b\u306b\u306f\u3069\u306e\u3088\u3046\u306b\u3057\u305f\u3089\u826f\u3044\u306e\u304b\u3068\u8a00\u3048\u3070\u3001\u65e5\u672c\u56fd\u5185\u3067\u306eM&A\u306b\u304a\u3051\u308b\u4f01\u696d\u8a55\u4fa1\u3092\u30d5\u30a3\u30ea\u30d4\u30f3\u4f01\u696d\u306e\u8cb7\u53ce\u969b\u306b\u3082\u9069\u7528\u3057\u3066\u9802\u3051\u308c\u3070\u3088\u308d\u3057\u3044\u304b\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n

 <\/p>\n

\u305d\u306e\u65b9\u6cd5\u306f\u3001\u6b21\u306e3\u3064\u306e\u65b9\u6cd5\u304c\u4e00\u822c\u7684\u3067\u3059\u3002<\/p>\n

 <\/p>\n

\u2460  \u7d14\u8cc7\u7523\u6cd5\uff1a\u5bfe\u8c61\u4f1a\u793e\u306e\u7d14\u8cc7\u7523\u3092\u5143\u306b\u6e2c\u5b9a\u3059\u308b\u65b9\u6cd5<\/p>\n

\u2461  \u30de\u30eb\u30c1\u30d7\u30eb\u6cd5\uff1a\u5bfe\u8c61\u4f1a\u793e\u3068\u4e8b\u696d\u5185\u5bb9\u304c\u985e\u4f3c\u3059\u308b\u8907\u6570\u306e\u4e0a\u5834\u4f01\u696d\u306e\u682a\u4fa1\u6307\u6a19\u3092\u5143\u306b\u6e2c\u5b9a\u3059\u308b\u65b9\u6cd5<\/p>\n

\u2462  DCF\u6cd5\uff08Discounted Cash Flow\uff09\uff1a\u5bfe\u8c61\u4f1a\u793e\u304c\u5c06\u6765\u5f97\u308b\u30ad\u30e3\u30c3\u30b7\u30e5\u30fb\u30d5\u30ed\u30fc\u3092\u5143\u306b\u6e2c\u5b9a\u3059\u308b\u65b9\u6cd5<\/p>\n

 <\/p>\n

\u3000\u4ee5\u4e0a\u3001\uff13\u3064\u306e\u65b9\u6cd5\u3092\u8aac\u660e\u3044\u305f\u3057\u307e\u3057\u305f\u304c\u3001\u305d\u306e\u4e2d\u3067\u3082\u2461\u30de\u30eb\u30c1\u30d7\u30eb\u6cd5\u3068\u2462DCF\u6cd5\u304c\u4e00\u822c\u7684\u306a\u6e2c\u5b9a\u65b9\u6cd5\u3068\u8a00\u3048\u307e\u3059\u3002<\/p>\n

 <\/p>\n

\u3000<\/p>\n

 <\/p>\n

 <\/p>\n

\u4eca\u9031\u3082\u3069\u3046\u305e\u3088\u308d\u3057\u304f\u304a\u9858\u3044\u81f4\u3057\u307e\u3059\u3002<\/p>\n

 <\/p>\n

\u5f0a\u793e\u3067\u306f\u3001\u30d5\u30a3\u30ea\u30d4\u30f3\u9032\u51fa\u304b\u3089\u9032\u51fa\u5f8c\u306e\u4f1a\u8a08\u3001\u7a0e\u52d9\u3001\u4eba\u4e8b\u304a\u3088\u3073\u52b4\u52d9\u307e\u3067<\/p>\n

\u3059\u3079\u3066\u5bfe\u5fdc\u3057\u3066\u304a\u308a\u307e\u3059\u3002<\/p>\n

\u304a\u6c17\u8efd\u306b\u304a\u554f\u3044\u5408\u308f\u305b\u304f\u3060\u3055\u3044\u3002<\/p>\n

 <\/p>\n

TOKYO CONSULTING FIRM PHILIPPINE BRANCH (CEBU)<\/p>\n

3\/F Unit 305, Keppel Center, Cebu Business Park<\/p>\n

Cebu City, Cebu 6000 Philippines<\/p>\n

 <\/p>\n

TEL:(+63)32-260-8715 \/ -261-0553<\/p>\n

 <\/p>\n

\u6771\u4eac\u30b3\u30f3\u30b5\u30eb\u30c6\u30a3\u30f3\u30b0\u30d5\u30a1\u30fc\u30e0<\/p>\n

\u30d5\u30a3\u30ea\u30d4\u30f3\u56fd\u3000\u30bb\u30d6\u99d0\u5728\u54e1<\/p>\n

\u8fd1\u77f3\u3000\u4f91\u57fa<\/p>\n

 <\/p>\n

<\/p>\n

\u203b\uff09\u8a18\u8f09\u3057\u307e\u3057\u305f\u5185\u5bb9\u306f\u3001\u4f5c\u6210\u6642\u70b9\u3067\u5f97\u3089\u308c\u308b\u60c5\u5831\u3092\u57fa\u306b\u3001\u7d30\u5fc3\u306e\u6ce8\u610f\u3092\u6255\u3063\u3066\u4f5c\u6210\u3057\u3066\u304a\u308a\u307e\u3059\u304c\u3001\u305d\u306e\u5185\u5bb9\u306e\u6b63\u78ba\u6027\u53ca\u3073\u5b89\u5168\u6027\u3092\u4fdd\u969c\u3059\u308b\u3082\u306e\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n

\u5f53\u8a72\u60c5\u5831\u306b\u57fa\u3065\u3044\u3066\u88ab\u3063\u305f\u3044\u304b\u306a\u308b\u640d\u5bb3\u306b\u3064\u3044\u3066\u3082\u60c5\u5831\u63d0\u4f9b\u8005\u53ca\u3073\u5f0a\u793e\uff08\u682a\u5f0f\u4f1a\u793e\u6771\u4eac\u30b3\u30f3\u30b5\u30eb\u30c6\u30a3\u30f3\u30b0\u30d5\u30a1\u30fc\u30e0\u4e26\u3073\u306bTOKYO CONSULTING FIRM PHILIPPINE BRANCH\uff09\u306f\u3001\u4e00\u5207\u306e\u8cac\u4efb\u3092\u8ca0\u3046\u3053\u3068\u306f\u3042\u308a\u307e\u305b\u3093\u306e\u3067\u3001\u3054\u4e86\u627f\u304f\u3060\u3055\u3044\u307e\u305b\u3002<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"\u7686\u3055\u3093\u3001\u3053\u3093\u306b\u3061\u306f\u3002 \u30d5\u30a3\u30ea\u30d4\u30f3\u30fb\u30bb\u30d6\u306e\u8fd1\u77f3\u3067\u3059\u3002   \u4eca\u9031\u306e\u30d6\u30ed\u30b0\u3067\u306f\u3001\u30d5\u30a3\u30ea\u30d4\u30f3\u306e\u4f01\u696d\u3092\u8cb7\u53ce\u3057\u3088\u3046\u3068\u304a\u8003\u3048\u306e\u65b9\u306b\u5411\u3051\u3066\u3001\u30d5\u30a3\u30ea\u30d4\u30f3\u306e\u4f01\u696d\u3092\u9069\u6b63\u306b\u8a55\u4fa1\u3059\u308b\u306b\u306f\u3069\u306e\u3088\u3046\u306a\u65b9\u6cd5\u304c\u8003\u3048\u3089\u308c\u308b\u306e\u304b\u3001\u307e\u305f\u3001\u4f01\u696d\u4fa1\u5024\u3092\u8a55 […]","protected":false},"author":1,"featured_media":388,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"passster_activate_protection":false,"passster_protect_child_pages":"","passster_protection_type":"password","passster_password":"","passster_activate_overwrite_defaults":"","passster_headline":"","passster_instruction":"","passster_placeholder":"","passster_button":"","passster_id":"","passster_activate_misc_settings":"","passster_redirect_url":"","passster_hide":"no","passster_area_shortcode":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[23,18],"tags":[],"jetpack_publicize_connections":[],"aioseo_notices":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/kuno-cpa.co.jp\/philippines_blog\/wp-content\/uploads\/2018\/12\/\u30b9\u30e9\u30a4\u30c914.jpg?fit=750%2C562&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/paycBk-lQ","_links":{"self":[{"href":"https:\/\/kuno-cpa.co.jp\/philippines_blog\/wp-json\/wp\/v2\/posts\/1354"}],"collection":[{"href":"https:\/\/kuno-cpa.co.jp\/philippines_blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kuno-cpa.co.jp\/philippines_blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kuno-cpa.co.jp\/philippines_blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/kuno-cpa.co.jp\/philippines_blog\/wp-json\/wp\/v2\/comments?post=1354"}],"version-history":[{"count":2,"href":"https:\/\/kuno-cpa.co.jp\/philippines_blog\/wp-json\/wp\/v2\/posts\/1354\/revisions"}],"predecessor-version":[{"id":3810,"href":"https:\/\/kuno-cpa.co.jp\/philippines_blog\/wp-json\/wp\/v2\/posts\/1354\/revisions\/3810"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/kuno-cpa.co.jp\/philippines_blog\/wp-json\/wp\/v2\/media\/388"}],"wp:attachment":[{"href":"https:\/\/kuno-cpa.co.jp\/philippines_blog\/wp-json\/wp\/v2\/media?parent=1354"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kuno-cpa.co.jp\/philippines_blog\/wp-json\/wp\/v2\/categories?post=1354"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kuno-cpa.co.jp\/philippines_blog\/wp-json\/wp\/v2\/tags?post=1354"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}