\u3053\u3093\u306b\u3061\u306f\u3001
\nTokyo Consulting Firm\u306e\u5927\u6a4b \u8056\u4e5f\u3067\u3059\u3002<\/p>\n

 <\/p>\n

\u30101\u5206\u3067\u308f\u304b\u308b\u30d9\u30c8\u30ca\u30e0\u30fb\u30d5\u30a3\u30ea\u30d4\u30f3\u9032\u51fa\u306e\u30a4\u30ed\u30cf\u3011<\/u><\/h2>\n

No.103<ASEAN\u6210\u9577\u7387\u30c8\u30c3\u30d7\u30af\u30e9\u30b9\uff01\u30d9\u30c8\u30ca\u30e0\u30fb\u30d5\u30a3\u30ea\u30d4\u30f3\u306e\u6cd5\u5236\u5ea6\u306e\u9055\u3044\u3068\u306f\uff1f!><\/h3>\n

 <\/p>\n

\u6d77\u5916\u5b50\u4f1a\u793e\u3067\u306f\u3001\u8a2d\u7acb\u5f8c\u304b\u3089\u5229\u76ca\u304c\u51fa\u308b\u307e\u3067\u306b\u5e74\u6570\u3092\u8981\u3059\u308b\u3053\u3068\u304c\u591a\u304f\u3001\u305d\u306e\u9593\u306e\u904b\u8ee2\u8cc7\u91d1\u3084\u8a2d\u5099\u6295\u8cc7\u306b\u304a\u3051\u308b\u8cc7\u91d1\u8abf\u9054\u3084\u3001\u5c06\u6765\u306e\u5229\u76ca\u9084\u6d41\u6642\u306e\u624b\u6bb5\u3068\u3057\u3066\u3001\u65e5\u672c\u89aa\u4f1a\u793e\u304b\u3089\u501f\u5165\u3092\u3059\u308b\u5834\u5408\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n

\u5f53\u8a72\u89aa\u5b50\u30ed\u30fc\u30f3\u306b\u4fc2\u308b\u5229\u606f\u8cbb\u7528\u306b\u5bfe\u3057\u3066\u306f\u3001\u4ee5\u4e0b\u306e\u3088\u3046\u306a\u7a0e\u52d9\u30de\u30bf\u30fc\u304c\u767a\u751f\u3057\u3001\u5c06\u6765\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306b\u3082\u5927\u304d\u306a\u5f71\u97ff\u3092\u4e0e\u3048\u308b\u305f\u3081\u3001\u30bf\u30c3\u30af\u30b9\u30d7\u30e9\u30f3\u30cb\u30f3\u30b0\u306e\u4e00\u8cab\u3068\u3057\u3066\u4e8b\u524d\u306b\u691c\u8a0e\u3059\u3079\u304d\u4e8b\u9805\u3068\u306a\u308a\u307e\u3059\u3002<\/p>\n

\n
1. \u6cd5\u4eba\u7a0e\u306e\u640d\u91d1\u7b97\u5165<\/li>\n
2. \u6700\u7d42\u6e90\u6cc9\u7a0e\/\u5916\u56fd\u5951\u7d04\u8005\u7a0e<\/li>\n
3. \u79fb\u8ee2\u4fa1\u683c\u7a0e\u5236<\/li>\n<\/ol>\n

   \u4eca\u56de\u306f\u3001\u6cd5\u4eba\u7a0e\u306e\u640d\u91d1\u7b97\u5165\u306b\u3064\u3044\u3066\u3001\u8981\u70b9\u3092\u307e\u3068\u3081\u3066\u3044\u304d\u307e\u3059\u3002<\/p>\n

   \u30d9\u30c8\u30ca\u30e0\u30fb\u30d5\u30a3\u30ea\u30d4\u30f3\u5171\u306b\u3001\u89aa\u5b50\u30ed\u30fc\u30f3\u306b\u4fc2\u308b\u5229\u606f\u8cbb\u7528\u306b\u3064\u3044\u3066\u3001\u640d\u91d1\u7b97\u5165\u9650\u5ea6\u984d\u304c\u6c7a\u3081\u3089\u308c\u3066\u3044\u307e\u3059\u3002
   \n\u7279\u306b\u3001\u30d9\u30c8\u30ca\u30e0\u3067\u306f\u30012020\u5e746\u6708\u306b\u6700\u65b0\u306e\u6cd5\u4ee4\u304c\u51fa\u3066\u3044\u307e\u3059\u306e\u3067\u3001\u3054\u6ce8\u610f\u4e0b\u3055\u3044\u3002<\/p>\n

    <\/p>\n

   \u3010\u30d9\u30c8\u30ca\u30e0\u3011<\/h2>\n

   \u30d9\u30c8\u30ca\u30e0\u3067\u306f\u30012017\u5e74\u5ea6\u3088\u308a\u95a2\u9023\u8005\u53d6\u5f15\u306b\u9069\u7528\u3055\u308c\u308b\u640d\u91d1\u7b97\u5165\u898f\u5b9a\u3068\u3057\u3066EBITDA\u306e20%\u3092\u8d85\u3048\u308b\u5229\u606f\u8cbb\u7528\u306b\u3064\u3044\u3066\u306f\u3001\u6cd5\u4eba\u7a0e\u306e\u640d\u91d1\u4e0d\u7b97\u5165\u3068\u3055\u308c\u3066\u3044\u307e\u3057\u305f\u3002
   \n\uff0aEBITDA\uff1d\u5229\u6255\u524d\u30fb\u6e1b\u4fa1\u511f\u5374\u524d\u30fb\u7a0e\u91d1\u63a7\u9664\u524d\u306e\u5229\u76ca<\/p>\n

   \u3057\u304b\u3057\u3001\u4eca\u56de2020\u5e746\u670824\u65e5\u306b\u6539\u6b63\u898f\u5b9a(Decree 68\/2020\/ND-CP)\u304c\u767a\u884c\u3055\u308c\u3001\u4e0a\u8ff0\u306e\u898f\u5b9a\u306b\u5bfe\u3057\u3066\u3001EBITDA\u306b\u5bfe\u3059\u308b\u6599\u7387\u7b49\u306b\u3064\u3044\u3066\u3001\u4ee5\u4e0b\u306e\u3088\u3046\u306b\u6539\u6b63\u3055\u308c\u307e\u3057\u305f\u3002<\/p>\n

    <\/p>\n

   \uff1c\u6599\u7387\u306e\u5909\u66f4\uff1e<\/h3>\n

   \u5229\u606f\u8cbb\u7528\u306e\u640d\u91d1\u7b97\u5165\u9650\u5ea6\u984d\u306f\u3001EBITDA\u306e30\uff05\u307e\u3067\u53ef\u80fd\uff0820%\u219230%\uff09<\/p>\n

    <\/p>\n

   \uff1c\u7e70\u8d8a\u898f\u5b9a\uff1e<\/h3>\n

   \u640d\u91d1\u7b97\u5165\u3067\u304d\u306a\u304b\u3063\u305f\u5229\u606f\u8cbb\u7528\u306f\u3001\u767a\u751f\u5e74\u5ea6\u304b\u3089\u6700\u59275\u5e74\u9593\u7e70\u8d8a\u3057\u3001\u5c06\u6765\u306e\u8ffd\u52a0\u640d\u91d1\u7b97\u5165\u304c\u53ef\u80fd\u3002\uff08EBITDA\u306e30%\u4ee5\u4e0b\u306e\u5229\u606f\u8cbb\u7528\u304c\u767a\u751f\u3059\u308b\u5e74\u5ea6\u306e\u307f\u5bfe\u8c61\uff09<\/p>\n

    <\/p>\n

   \uff1c\u904e\u5e74\u5ea6\u4fee\u6b63\uff1e<\/h3>\n

   2017\u5e74\uff5e2019\u5e74\u5ea6\u306b\u3064\u3044\u3066\u640d\u91d1\u7b97\u5165\u5236\u9650\u304c\u767a\u751f\u3057\u305f\u5834\u5408\u306f\u3001\u6539\u6b63\u5f8c\u306e\u6599\u7387\u3067\u518d\u8a08\u7b97\u306e\u4e0a\u30012021\u5e741\u6708\uff11\u65e5\u307e\u3067\u306b\u4fee\u6b63\u7533\u544a\u304c\u53ef\u80fd\u3002<\/p>\n

   \u305d\u306e\u7d50\u679c\u3001\u904e\u5e74\u5ea6\u306b\u6cd5\u4eba\u7a0e\u904e\u6255\u3068\u306a\u3063\u305f\u5834\u5408\u306b\u306f\u30012020\u5e74\u5ea6\u306e\u78ba\u5b9a\u7533\u544a\u6642\u306b\u63a7\u9664\u53ef\u80fd\u3002
   \n(\u8abf\u6574\u5f8c\u3001\u640d\u91d1\u7b97\u5165\u304c\u51fa\u6765\u306a\u3044\u6b8b\u9ad8\u304c\u767a\u751f\u3059\u308b\u5834\u5408\u306f\u30012020\u5e74\u5ea6\u304b\u3089\u6700\u59275\u5e74\u9593\u7e70\u5ef6\u53ef\u80fd\u3002)<\/p>\n

    <\/p>\n

   \u4ee5\u4e0b\u3001\u8a08\u7b97\u4f8b\u3068\u306a\u308a\u307e\u3059\u3002<\/p>\n

    <\/p>\n

   EX\uff09\u652f\u6255\u5229\u606f100\u3001EBITDA\u00a0200\u306e\u5834\u5408<\/h3>\n

   \u652f\u6255\u5229\u606f100\u306e\u3046\u3061\u3001EBITDA\u306e30%(200\u00d730% = 60)\u3092\u8d85\u3048\u305f40 (= 100\u201360)\u306b\u5bfe\u3057\u3066\u640d\u91d1\u7b97\u5165\u304c\u8a8d\u3081\u3089\u308c\u307e\u305b\u3093
   \n\u305f\u3060\u3057\u3001\u6700\u59275\u5e74\u9593\u7e70\u8d8a\u3057\u3066EBITDA\u306e30%\u4ee5\u4e0b\u306e\u5229\u606f\u8cbb\u7528\u304c\u767a\u751f\u3059\u308b\u5e74\u5ea6\u306b\u3001\u8ffd\u52a0\u640d\u91d1\u7b97\u5165\u304c\u53ef\u80fd\u3068\u306a\u308a\u307e\u3059\u3002<\/p>\n

    <\/p>\n

   EX\uff09EBITDA\u304c\u30de\u30a4\u30ca\u30b9\u306e\u5834\u5408<\/h3>\n

   EBITDA\u304c\u30de\u30a4\u30ca\u30b9\u306b\u3088\u308a\u640d\u91d1\u7b97\u5165\u9650\u5ea6\u984d\u304c\u30bc\u30ed\u306e\u5834\u5408\u3001\u652f\u6255\u5229\u606f\u306e\u5168\u984d\u306b\u5bfe\u3057\u3066\u640d\u91d1\u7b97\u5165\u304c\u8a8d\u3081\u3089\u308c\u307e\u305b\u3093\u3002
   \n\u7fcc\u5e74\u5ea6\u304b\u30895\u5e74\u9593\u3001EBITDA\u304c\u30d7\u30e9\u30b9\u306e\u5834\u5408\u306f\u3001\u904e\u5e74\u5ea6\u306e\u652f\u6255\u5229\u606f\u306e\u8ffd\u52a0\u640d\u91d1\u9650\u5ea6\u67a0\u307e\u3067\u640d\u91d1\u7b97\u5165\u304c\u53ef\u80fd\u3067\u3059\u3002<\/p>\n

    <\/p>\n

   \uff1c\u30d5\u30a3\u30ea\u30d4\u30f3\uff1e<\/h2>\n

   \u30d5\u30a3\u30ea\u30d4\u30f3\u3067\u306f\u3001\u640d\u91d1\u7b97\u5165\u9650\u5ea6\u984d\u306f\u4ee5\u4e0b\u306e\u901a\u308a\u3067\u3059\u3002<\/p>\n

   \u640d\u91d1\u7b97\u5165\u9650\u5ea6\u984d\uff1d\u5229\u606f\u8cbb\u7528\u30fc\uff5b\uff08\u5229\u5b50\u53ce\u5165\u00f780\uff05\uff09\u00d733\uff05\uff5d<\/strong><\/p>\n

   \u5229\u5b50\u53ce\u5165\u306f\u3001\u89aa\u5b50\u30ed\u30fc\u30f3\u4ee5\u5916\u3067\u3082\u9280\u884c\u304b\u3089\u306e\u9810\u91d1\u5229\u5b50\u7b49\u3092\u542b\u307f\u3001\u201c\u5229\u5b50\u53ce\u5165\u00f780%\u201d\u306e\u6839\u62e0\u306f\u3001\u5229\u5b50\u53ce\u5165\u306b\u5bfe\u3059\u308b\u6e90\u6cc9\u7a0e20%\u304b\u3089\u304d\u3066\u3044\u307e\u3059\u3002
   \n\u89aa\u5b50\u30ed\u30fc\u30f3\u306e\u5229\u606f\u8cbb\u7528\u306f\u539f\u5247\u640d\u91d1\u7b97\u5165\u53ef\u80fd\u3067\u3059\u304c\u3001\u904b\u8ee2\u8cc7\u91d1\u3084\u8a2d\u5099\u6295\u8cc7\u4ee5\u5916\u3067\u306e\u4e8b\u696d\u95a2\u9023\u6027\u304c\u306a\u304f\u3001\u53c8\u306f\u30ed\u30fc\u30f3\u306e\u8fd4\u6e08\u81ea\u4f53\u306f\u51fa\u6765\u3066\u3044\u306a\u3044\u306e\u306b\u5148\u306b\u5229\u5b50\u3092\u6255\u3063\u3066\u3044\u308b\u5834\u5408\u306a\u3069\u3001\u5168\u984d\u640d\u91d1\u4e0d\u7b97\u5165\u3068\u306a\u308a\u307e\u3059\u3002<\/p>\n

    <\/p>\n

   \u305d\u306e\u4ed6\u3001\u30d5\u30a3\u30ea\u30d4\u30f3\u3067\u306f\u7a0e\u52d9\u8abf\u67fb\u6642\u306b\u3001\u89aa\u4f1a\u793e\u3078\u306e\u8cb7\u639b\u91d1\u30fb\u672a\u6255\u91d1\u304c1\u5e74\u4ee5\u4e0a\u306e\u9577\u671f\u306b\u308f\u305f\u3063\u3066\u6b8b\u3063\u3066\u3044\u308b\u5834\u5408\u306f\u3001\u89aa\u5b50\u30ed\u30fc\u30f3\u3068\u307f\u306a\u3055\u308c\u308b\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n

   \u305d\u306e\u7d50\u679c\u3001\u5229\u606f\u8cbb\u7528\u306b\u5bfe\u3059\u308b\u6e90\u6cc9\u7a0e\u3084\u91d1\u92ad\u8cb8\u501f\u5951\u7d04\u66f8\u306e\u5370\u7d19\u7a0e\u3092\u63a8\u5b9a\u8ab2\u7a0e\u3055\u308c\u3001\u8ffd\u5fb4\u91d1\u652f\u6255\u3044\u3092\u4f59\u5100\u306a\u304f\u3055\u308c\u308b\u4e8b\u4f8b\u3082\u767a\u751f\u3057\u3066\u307e\u3059\u306e\u3067\u3001\u3054\u6ce8\u610f\u4e0b\u3055\u3044\u3002<\/p>\n

    <\/p>\n

   \u4ee5\u4e0a\u3001\u89aa\u5b50\u30ed\u30fc\u30f3\u306b\u4fc2\u308b\u5229\u606f\u8cbb\u7528\u306b\u95a2\u3059\u308b\u7a0e\u52d9\u8ad6\u70b9\u3068\u306a\u308a\u307e\u3059\u3002<\/p>\n

   ---

   \n

   <\/h2>\n

   \u3010<\/span> W<\/span>iki-<\/span>I<\/span>nvestment\u00a0\u3011<\/span><\/span><\/span><\/strong><\/h2>\n

   \uff5e \u300e\u6d77\u5916\u6295\u8cc7\u306e\u8d64\u672c<\/span>\u30b7\u30ea\u30fc\u30ba\u300f\u3001\u5f85\u671b\u306e\u30c7\u30fc\u30bf\u30d9\u30fc\u30b9\u5316\uff01 \uff5e \u3010ASEAN\u6210\u9577\u7387\u30c8\u30c3\u30d7\u30af\u30e9\u30b9\uff01\u30d9\u30c8\u30ca\u30e0\u3068\u30d5\u30a3\u30ea\u30d4\u30f3\u306e\u6cd5\u5236\u5ea6\u306e\u9055\u3044\u3068\u306f\uff1f\uff01\u3011<\/strong><\/h3>\n

   \u65b0\u8208\u56fd\u3092\u4e2d\u5fc3\u306b\u6d77\u5916\u30d3\u30b8\u30cd\u30b9\u60c5\u5831\uff08\u4f1a\u8a08\u3001\u7a0e\u52d9\u3001\u52b4\u52d9\u3001\u57fa\u790e\u77e5\u8b58\u3001\u8a2d\u7acb\u3001M&A\u306a\u3069\uff09\u3092\u307e\u3068\u3081\u305f\u30c7\u30fc\u30bf\u30d9\u30fc\u30b9\uff01<\/p>\n

   \u5404\u56fd\u306e\u30d3\u30b8\u30cd\u30b9\u57fa\u790e\u60c5\u5831\u306b\u52a0\u3048\u3001\u6700\u65b0\u306e\u6cd5\u6539\u6b63\u3084\u30a2\u30c3\u30d7\u30c7\u30fc\u30c8\u306b\u3064\u3044\u3066\u3001\u9010\u4e00\u66f4\u65b0\u3057\u3066\u304a\u308a\u307e\u3059\uff01
   \n\u4ee5\u4e0b\u3001URL\u3088\u308a\u7121\u6599\u4f1a\u54e1\u767b\u9332<\/strong><\/span>\uff0824\u6642\u9593\u304a\u8a66\u3057\uff09\u3082\u53ef\u80fd\u3067\u3059\u306e\u3067\u3001\u305c\u3072\u3054\u89a7\u304f\u3060\u3055\u3044\uff01
   \nURL\uff1ahttps:\/\/www.wiki-investment.jp<\/a><\/b><\/p>\n

   ---

   \n

   Tokyo Consulting Firm – Philippine Branch
   \n\u5927\u6a4b\u3000\u8056\u4e5f<\/p>\n

   <\/p>\n

   2012\u5e74\u3001\u6771\u4eac\u30b3\u30f3\u30b5\u30eb\u30c6\u30a3\u30f3\u30b0\u30b0\u30eb\u30fc\u30d7\u306b\u5165\u793e\u3002\u4e2d\u5c0f\u4f01\u696d\u306e\u767a\u5c55\u3001\u4f1a\u8a08\u696d\u754c\u306e\u751f\u304d\u6b8b\u308a\u3092\u639b\u3051\u3066\u3001\u793e\u5916CFO\u3068\u3057\u3066\u793e\u9577\u306e\u30d3\u30b8\u30e7\u30f3\u5b9f\u73fe\u3092\u30b5\u30dd\u30fc\u30c8\u3059\u308b\u3001\u30d3\u30b8\u30e7\u30ca\u30ea\u30fc\u30b3\u30f3\u30b5\u30eb\u30c6\u30a3\u30f3\u30b0\u3092\u7acb\u4e0a\u3052\u306b\u596e\u95d8\u3002\u793e\u9577\u306e\u62b1\u3048\u308b\u304a\u56f0\u308a\u4e8b\u89e3\u6c7a\u3059\u3079\u304f\u7d4c\u55b6\u7406\u5ff5\u306e\u7b56\u5b9a\u30fb\u7d4c\u55b6\u4f1a\u8b70\u306e\u30d5\u30a1\u30b7\u30ea\u30c6\u30fc\u30c8\u30fb\u8ca1\u52d9\u5206\u6790\u7b49\u306e\u652f\u63f4\u3092\u884c\u3046\u3002
   \n2016\u5e7410\u6708\u3088\u308a\u3001\u30d5\u30a3\u30ea\u30d4\u30f3\u652f\u5e97\u306e\u62e0\u70b9\u9577\u3068\u3057\u3066\u4e16\u754c\u306b\u6d3b\u8e8d\u306e\u30d5\u30a3\u30fc\u30eb\u30c9\u3092\u62e1\u3052\u3001\u771f\u306e\u9867\u5ba2\u8ca2\u732e\u3092\u76ee\u6307\u3059\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"\u3053\u3093\u306b\u3061\u306f\u3001 Tokyo Consulting Firm\u306e\u5927\u6a4b \u8056\u4e5f\u3067\u3059\u3002   \u30101\u5206\u3067\u308f\u304b\u308b\u30d9\u30c8\u30ca\u30e0\u30fb\u30d5\u30a3\u30ea\u30d4\u30f3\u9032\u51fa\u306e\u30a4\u30ed\u30cf\u3011 No.103<ASEAN\u6210\u9577\u7387\u30c8\u30c3\u30d7\u30af\u30e9\u30b9\uff01\u30d9\u30c8\u30ca\u30e0\u30fb\u30d5\u30a3\u30ea\u30d4\u30f3\u306e\u6cd5\u5236\u5ea6\u306e […]","protected":false},"author":1,"featured_media":2793,"comment_status":"closed","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":[23,19],"tags":[],"jetpack_publicize_connections":[],"aioseo_notices":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/kuno-cpa.co.jp\/philippines_blog\/wp-content\/uploads\/2019\/05\/\u7a0e\u52d9.jpg?fit=750%2C562&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/paycBk-Wj","_links":{"self":[{"href":"https:\/\/kuno-cpa.co.jp\/philippines_blog\/wp-json\/wp\/v2\/posts\/3615"}],"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=3615"}],"version-history":[{"count":1,"href":"https:\/\/kuno-cpa.co.jp\/philippines_blog\/wp-json\/wp\/v2\/posts\/3615\/revisions"}],"predecessor-version":[{"id":3616,"href":"https:\/\/kuno-cpa.co.jp\/philippines_blog\/wp-json\/wp\/v2\/posts\/3615\/revisions\/3616"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/kuno-cpa.co.jp\/philippines_blog\/wp-json\/wp\/v2\/media\/2793"}],"wp:attachment":[{"href":"https:\/\/kuno-cpa.co.jp\/philippines_blog\/wp-json\/wp\/v2\/media?parent=3615"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kuno-cpa.co.jp\/philippines_blog\/wp-json\/wp\/v2\/categories?post=3615"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kuno-cpa.co.jp\/philippines_blog\/wp-json\/wp\/v2\/tags?post=3615"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}