{"id":27776,"date":"2026-07-21T10:36:46","date_gmt":"2026-07-21T01:36:46","guid":{"rendered":"https:\/\/official.gfs.tokyo\/blog\/?p=27776"},"modified":"2026-07-21T10:36:46","modified_gmt":"2026-07-21T01:36:46","slug":"ue-what-is-goodwill-amortization","status":"publish","type":"post","link":"https:\/\/official.gfs.tokyo\/blog\/ue-what-is-goodwill-amortization","title":{"rendered":"\u306e\u308c\u3093\u511f\u5374\u3068\u306f\uff1f\u6b63\u30fb\u8ca0\u306e\u4ed5\u7d44\u307f\u3084\u4e0a\u5834\u4f01\u696d\u306eM&#038;A\u4e8b\u4f8b\u307e\u3067\u5fb9\u5e95\u89e3\u8aac"},"content":{"rendered":"<h2 data-path-to-node=\"0\">\u306e\u308c\u3093\u511f\u5374\u3068\u306f\uff1f\u6b63\u30fb\u8ca0\u306e\u4ed5\u7d44\u307f\u3084\u4e0a\u5834\u4f01\u696d\u306eM&amp;A\u4e8b\u4f8b\u307e\u3067\u5fb9\u5e95\u89e3\u8aac<\/h2>\n<p data-path-to-node=\"0\">M&amp;A\uff08\u4f01\u696d\u306e\u5408\u4f75\u30fb\u8cb7\u53ce\uff09\u3068\u3044\u3046\u8a00\u8449\u304c\u30d3\u30b8\u30cd\u30b9\u30cb\u30e5\u30fc\u30b9\u3067\u5f53\u305f\u308a\u524d\u306e\u3088\u3046\u306b\u98db\u3073\u4ea4\u3046\u73fe\u4ee3\u306b\u304a\u3044\u3066\u3001\u4f01\u696d\u306e\u8ca1\u52d9\u8af8\u8868\u3084\u6295\u8cc7\u5224\u65ad\u3092\u5927\u304d\u304f\u5de6\u53f3\u3059\u308b\u6700\u91cd\u8981\u30ad\u30fc\u30ef\u30fc\u30c9\u306e\u4e00\u3064\u304c\u300c\u306e\u308c\u3093\uff08Goodwill\uff09\u300d\u3067\u3059\u3002<\/p>\n<p data-path-to-node=\"1\">\u7279\u306b\u300c\u306e\u308c\u3093\u306e\u511f\u5374\uff08\u3057\u3087\u3046\u304d\u3083\u304f\uff09\u300d\u3092\u5de1\u308b\u8b70\u8ad6\u306f\u3001\u65e5\u672c\u306e\u4f1a\u8a08\u57fa\u6e96\u3068\u56fd\u969b\u7684\u306a\u4f1a\u8a08\u57fa\u6e96\uff08IFRS\uff09\u306e\u9593\u3067\u9577\u5e74\u306b\u308f\u305f\u308a\u5bfe\u7acb\u304c\u7d9a\u3044\u3066\u304a\u308a\u3001\u4f01\u696d\u7d4c\u55b6\u8005\u3084\u6295\u8cc7\u5bb6\u306b\u3068\u3063\u3066\u6975\u3081\u3066\u95a2\u5fc3\u306e\u9ad8\u3044\u30c6\u30fc\u30de\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002\u3055\u3089\u306b\u3001\u8fd1\u5e74\u3067\u306f\u300c\u6b63\u306e\u306e\u308c\u3093\u300d\u306e\u5de8\u984d\u6e1b\u640d\u30ea\u30b9\u30af\u306e\u307f\u306a\u3089\u305a\u3001\u8cb7\u53ce\u306b\u3088\u3063\u3066\u4e00\u77ac\u3067\u5de8\u984d\u306e\u5229\u76ca\u304c\u751f\u307e\u308c\u308b\u300c\u8ca0\u306e\u306e\u308c\u3093\uff08Negative Goodwill\uff09\u300d\u3092\u6d3b\u7528\u3057\u305fM&amp;A\u6226\u7565\u3068\u305d\u306e\u526f\u4f5c\u7528\u306b\u3064\u3044\u3066\u3082\u3001\u591a\u304f\u306e\u5e02\u5834\u95a2\u4fc2\u8005\u304c\u6ce8\u76ee\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p data-path-to-node=\"2\">\u672c\u8a18\u4e8b\u3067\u306f\u3001M&amp;A\u3084\u4f1a\u8a08\u306e\u521d\u5fc3\u8005\u304b\u3089\u5b9f\u52d9\u306b\u643a\u308f\u308b\u30d3\u30b8\u30cd\u30b9\u30d1\u30fc\u30bd\u30f3\u307e\u3067\u304c\u4f53\u7cfb\u7684\u306b\u7406\u89e3\u3067\u304d\u308b\u3088\u3046\u3001<b data-path-to-node=\"2\" data-index-in-node=\"47\">\u5727\u5012\u7684\u306a\u30dc\u30ea\u30e5\u30fc\u30e0\u3068\u8a73\u7d30\u306a\u30b9\u30c6\u30c3\u30d7\u3092\u8e0f\u307f\u3001\u306e\u308c\u3093\u306e\u6982\u8981\u304b\u3089\u3001\u511f\u5374\u306e\u4ed5\u7d44\u307f\u3001\u6ce8\u610f\u70b9\u3001\u4e0a\u5834\u4f01\u696d\u306eM&amp;A\u306b\u304a\u3051\u308b\u300c\u8ca0\u306e\u306e\u308c\u3093\u300d\u306e\u5b9f\u614b\u3068\u305d\u306e\u6df1\u3044\u5f71\u97ff\u3001\u5177\u4f53\u7684\u306a\u4e8b\u4f8b<\/b>\u307e\u3067\u3092\u5fb9\u5e95\u7684\u306b\u89e3\u8aac\u3057\u307e\u3059\u3002<\/p>\n<div>\n<div class=\"attention a-1\">\n<p style=\"text-align: left;\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/03\/yuichiro_ichikawa.jpg\" alt=\"\u76e3\u4fee\u8005\uff1a\u5e02\u5ddd\u96c4\u4e00\u90ce\" width=\"110\" height=\"110\" class=\"wp-image-2102 alignnone\" srcset=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/03\/yuichiro_ichikawa.jpg 700w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/03\/yuichiro_ichikawa-300x300.jpg 300w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/03\/yuichiro_ichikawa-150x150.jpg 150w\" sizes=\"(max-width: 110px) 100vw, 110px\" \/>\u3000<strong>\u76e3\u4fee\u8005\uff1a\u5e02\u5ddd\u96c4\u4e00\u90ce\u3000<\/strong><br \/>\n<span style=\"font-size: 10pt;\"><a href=\"https:\/\/official.gfs.tokyo\/\">GFS<\/a>\u6821\u9577\u3002CFP\u00ae\u30021\u7d1a\u30d5\u30a1\u30a4\u30ca\u30f3\u30b7\u30e3\u30eb\u30fb\u30d7\u30e9\u30f3\u30cb\u30f3\u30b0\u6280\u80fd\u58eb(\u8cc7\u7523\u8a2d\u8a08\u63d0\u6848\u696d\u52d9)\u3002<a href=\"https:\/\/www.jafp.or.jp\/\">\u65e5\u672cFP\u5354\u4f1a<\/a>\u4f1a\u54e1\u3002\u65e5\u672cFP\u5b66\u4f1a\u4f1a\u54e1\u3002\u00a0<a href=\"https:\/\/mba.globis.ac.jp\/\">\u30b0\u30ed\u30fc\u30d3\u30b9\u7d4c\u55b6\u5927\u5b66\u9662<\/a>\u4fee\u4e86(MBA\/\u7d4c\u55b6\u5b66\u4fee\u58eb)\u3002<\/span><br \/>\n<span style=\"font-size: 10pt;\">\u65e5\u672c\u306eFP\u306e\u5148\u99c6\u8005\u3068\u3057\u3066\u8cc7\u7523\u904b\u7528\u306e\u5553\u8499\u306b\u5f93\u4e8b\u3002\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u30b0\u30eb\u30fc\u30d7\u304c\u5275\u8a2d\u3057\u305f\u79c1\u7acb<a href=\"https:\/\/www.cyber-u.ac.jp\/teacher\/ichikawa_yuichiro.html\">\u30b5\u30a4\u30d0\u30fc\u5927\u5b66<\/a>\u3067\u6559\u97ad\u3092\u57f7\u308b\u307b\u304b\u3001\u8b1b\u6f14\u4f9d\u983c\u3001\u30e1\u30c7\u30a3\u30a2\u51fa\u6f14\u3082\u591a\u6570\u3002\u8457\u66f8\u306b<a href=\"https:\/\/www.amazon.co.jp\/%E6%8A%95%E8%B3%87%E3%81%A7%E5%88%A9%E7%9B%8A%E3%82%92%E5%87%BA%E3%81%97%E3%81%A6%E3%81%84%E3%82%8B%E4%BA%BA%E3%81%9F%E3%81%A1%E3%81%8C%E5%A4%A7%E4%BA%8B%E3%81%AB%E3%81%97%E3%81%A6%E3%81%84%E3%82%8B-45%E3%81%AE%E6%95%99%E3%81%88-%E5%B8%82%E5%B7%9D-%E9%9B%84%E4%B8%80%E9%83%8E\/dp\/4532358825\">\u300c\u6295\u8cc7\u3067\u5229\u76ca\u3092\u51fa\u3057\u3066\u3044\u308b\u4eba\u305f\u3061\u304c\u5927\u4e8b\u306b\u3057\u3066\u3044\u308b 45\u306e\u6559\u3048\u300d\uff08\u65e5\u672c\u7d4c\u6e08\u65b0\u805e\u51fa\u7248\uff09<\/a><\/span><\/p>\n<p style=\"text-align: left;\"><span style=\"font-size: 10pt;\">\u516c\u5f0fX \u30a2\u30ab\u30a6\u30f3\u30c8\u3000<a href=\"https:\/\/twitter.com\/ichikawa_toushi\">\u5e02\u5ddd\u96c4\u4e00\u90ce@\u304a\u91d1\u306e\u5b66\u6821 \u6821\u9577<\/a><\/span><\/p>\n<\/div>\n<\/div>\n<h2 data-path-to-node=\"4\">\u7b2c1\u7ae0\uff1a\u306e\u308c\u3093\u306e\u57fa\u790e\u77e5\u8b58\u3068\u300c\u511f\u5374\u300d\u306e\u6982\u8981<\/h2>\n<p data-path-to-node=\"5\">\u307e\u305a\u306f\u300c\u306e\u308c\u3093\u300d\u3068\u306f\u4e00\u4f53\u4f55\u306a\u306e\u304b\u3001\u305d\u3057\u3066\u306a\u305c\u305d\u308c\u304c\u4f1a\u8a08\u4e0a\u3067\u300c\u511f\u5374\uff08\u8cbb\u7528\u5316\uff09\u300d\u3055\u308c\u308b\u306e\u304b\u3001\u305d\u306e\u57fa\u672c\u69cb\u9020\u3092\u5fb9\u5e95\u7684\u306b\u7d10\u89e3\u3044\u3066\u3044\u304d\u307e\u3057\u3087\u3046\u3002<\/p>\n<h3 data-path-to-node=\"6\">1. 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data-path-to-node=\"7\">\u300c\u306e\u308c\u3093\u300d\u3068\u3044\u3046\u8a00\u8449\u3092\u805e\u304f\u3068\u3001\u65e5\u672c\u306e\u4f1d\u7d71\u7684\u306a\u304a\u5e97\u306e\u5165\u308a\u53e3\u306b\u4e0b\u304c\u3063\u3066\u3044\u308b\u300c\u6696\u7c3e\uff08\u306e\u308c\u3093\uff09\u300d\u3092\u601d\u3044\u6d6e\u304b\u3079\u308b\u65b9\u304c\u591a\u3044\u3067\u3057\u3087\u3046\u3002\u5b9f\u306f\u3001\u4f1a\u8a08\u7528\u8a9e\u306e\u300c\u306e\u308c\u3093\u300d\u3082\u3001\u307e\u3055\u306b\u305d\u306e\u304a\u5e97\u306e\u6696\u7c3e\u304c\u6301\u3064\u300c\u4fe1\u7528\u300d\u300c\u30d6\u30e9\u30f3\u30c9\u529b\u300d\u300c\u9867\u5ba2\u57fa\u76e4\u300d\u300c\u6280\u8853\u529b\u300d\u300c\u30ce\u30a6\u30cf\u30a6\u300d\u3068\u3044\u3063\u305f\u3001\u76ee\u306b\u898b\u3048\u306a\u3044\u8cc7\u7523\u4fa1\u5024\uff08\u7121\u5f62\u8cc7\u7523\uff09\u304b\u3089\u540d\u4ed8\u3051\u3089\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n<p 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data-index-in-node=\"0\">\u512a\u79c0\u306a\u30a8\u30f3\u30b8\u30cb\u30a2\u96c6\u56e3\u3084\u55b6\u696d\u7d44\u7e54\u304c\u3059\u3067\u306b\u69cb\u7bc9\u3055\u308c\u3066\u3044\u308b<\/b><\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"10,3,0\"><b data-path-to-node=\"10,3,0\" data-index-in-node=\"0\">\u8cb7\u53ce\u3059\u308b\u3053\u3068\u3067\u3001\u81ea\u793e\u88fd\u54c1\u3092\u58f2\u308a\u624b\u4f01\u696d\u306e\u9867\u5ba2\u7db2\u306b\u3059\u3050\u8ca9\u58f2\u3067\u304d\u308b\uff08\u30b7\u30ca\u30b8\u30fc\u52b9\u679c\uff1a\u76f8\u4e57\u52b9\u679c\uff09<\/b><\/p>\n<\/li>\n<\/ul>\n<p data-path-to-node=\"11\">\u3053\u306e\u3088\u3046\u306b\u3001\u300c\u8cb8\u501f\u5bfe\u7167\u8868\uff08B\/S\uff09\u306b\u306f\u8f09\u3063\u3066\u3044\u306a\u3044\u3051\u308c\u3069\u3001\u5c06\u6765\u3082\u3063\u3068\u591a\u304f\u306e\u304a\u91d1\u3092\u751f\u307f\u51fa\u3059\u6e90\u6cc9\u3068\u306a\u308b\u4fa1\u5024\u300d<b data-path-to-node=\"11\" data-index-in-node=\"52\">\u3092\u8a55\u4fa1\u3057\u3066\u3001\u4e0a\u4e57\u305b\u3055\u308c\u305f\u30d7\u30ec\u30df\u30a2\u30e0\u4fa1\u683c\uff08\u3053\u306e\u4f8b\u3067\u306f\u30013\u5104\u5186 \u2212 1\u5104\u5186 \uff1d 2\u5104\u5186\uff09\u306e\u3053\u3068\u3092\u3001\u4f1a\u8a08\u4e0a\u3067<\/b>\u300c\u306e\u308c\u3093\u300d\u3068\u547c\u3073\u307e\u3059\u3002<\/p>\n<p><response-element class=\"\" ng-version=\"0.0.0-PLACEHOLDER\"><code-block _nghost-ng-c3241222747=\"\" class=\"ng-tns-c3241222747-243 enable-luminous-code-block ng-star-inserted\"><\/code-block><\/response-element><\/p>\n<div _ngcontent-ng-c3241222747=\"\" class=\"code-block ng-tns-c3241222747-243 ng-animate-disabled ng-trigger ng-trigger-codeBlockRevealAnimation\" jslog=\"223238;track:impression,attention;BardVeMetadataKey:[[&quot;r_ce68251ccc648f45&quot;,&quot;c_0387683d69fe10af&quot;,null,&quot;rc_6f0ba9d57ab83910&quot;,null,null,&quot;en&quot;,null,1,null,null,1,0]]\">\n<div _ngcontent-ng-c3241222747=\"\" class=\"formatted-code-block-internal-container ng-tns-c3241222747-243\">\n<div _ngcontent-ng-c3241222747=\"\" class=\"animated-opacity ng-tns-c3241222747-243\">\n<pre _ngcontent-ng-c3241222747=\"\" class=\"ng-tns-c3241222747-243\"><code _ngcontent-ng-c3241222747=\"\" role=\"text\" data-test-id=\"code-content\" class=\"code-container formatted ng-tns-c3241222747-243 no-decoration-radius\">\u8cb7\u53ce\u984d\uff083\u5104\u5186\uff09 \u2212 \u6642\u4fa1\u7d14\u8cc7\u7523\uff081\u5104\u5186\uff09 \uff1d \u306e\u308c\u3093\uff082\u5104\u5186\uff09\r\n<\/code><\/pre>\n<\/div>\n<\/div>\n<\/div>\n<p>&nbsp;<\/p>\n<h3 data-path-to-node=\"13\">2. \u300c\u511f\u5374\uff08\u3057\u3087\u3046\u304d\u3083\u304f\uff09\u300d\u3068\u306f\u3069\u3046\u3044\u3046\u610f\u5473\u304b\uff1f<\/h3>\n<p data-path-to-node=\"14\">\u300c\u511f\u5374\u300d\u3068\u306f\u3001\u4e00\u8a00\u3067\u8a00\u3048\u3070\u300c\u652f\u6255\u3063\u305f\u30b3\u30b9\u30c8\u3092\u3001\u4e00\u5b9a\u306e\u671f\u9593\u306b\u308f\u305f\u3063\u3066\u5c11\u3057\u305a\u3064\u8cbb\u7528\uff08\u7d4c\u8cbb\uff09\u3068\u3057\u3066\u51e6\u7406\u3057\u3066\u3044\u304f\u3053\u3068\u300d\u3067\u3059\u3002<\/p>\n<p data-path-to-node=\"15\">\u4f8b\u3048\u3070\u3001\u4f01\u696d\u304c1\u53f0500\u4e07\u5186\u306e\u55b6\u696d\u7528\u30c8\u30e9\u30c3\u30af\u3092\u8cfc\u5165\u3057\u305f\u3068\u3057\u307e\u3059\u3002\u3053\u306e\u30c8\u30e9\u30c3\u30af\u306f\u8cfc\u5165\u3057\u305f\u5e74\u3060\u3051\u3067\u306a\u304f\u3001\u305d\u306e\u5f8c5\u5e74\u300110\u5e74\u3068\u9577\u5e74\u306b\u308f\u305f\u3063\u3066\u8377\u7269\u3092\u904b\u3073\u3001\u58f2\u4e0a\u3092\u751f\u307f\u51fa\u3057\u7d9a\u3051\u307e\u3059\u3002<\/p>\n<p data-path-to-node=\"15\">\u3082\u3057500\u4e07\u5186\u3092\u8cfc\u5165\u3057\u305f\u5e74\u3060\u3051\u306e\u8cbb\u7528\u306b\u3057\u3066\u3057\u307e\u3046\u3068\u3001\u305d\u306e\u5e74\u3060\u3051\u5927\u8d64\u5b57\u306b\u306a\u308a\u3001\u7fcc\u5e74\u4ee5\u964d\u306f\u300c\u8cbb\u7528\u30bc\u30ed\u3067\u58f2\u4e0a\u3060\u3051\u304c\u4e0a\u304c\u308b\u300d\u3068\u3044\u3046\u4e0d\u81ea\u7136\u306a\u7d4c\u55b6\u6210\u7e3e\u306b\u306a\u3063\u3066\u3057\u307e\u3044\u307e\u3059\u3002\u305d\u306e\u305f\u3081\u3001\u30c8\u30e9\u30c3\u30af\u306e\u4f7f\u7528\u53ef\u80fd\u671f\u9593\uff08\u6cd5\u5b9a\u8010\u7528\u5e74\u6570\u306a\u3069\uff09\u306b\u5408\u308f\u305b\u3066\u3001\u6bce\u5e74100\u4e07\u5186\u305a\u3064\u3092\u8cbb\u7528\uff08\u6e1b\u4fa1\u511f\u5374\u8cbb\uff09\u3068\u3057\u3066\u8a08\u4e0a\u3057\u3066\u3044\u304d\u307e\u3059\u3002<\/p>\n<p data-path-to-node=\"16\"><b data-path-to-node=\"16\" data-index-in-node=\"0\">\u306e\u308c\u3093\u306e\u511f\u5374\u3082\u3001\u672c\u8cea\u7684\u306b\u306f\u3053\u308c\u3068\u5168\u304f\u540c\u3058\u3067\u3059\u3002<\/b><\/p>\n<p data-path-to-node=\"16\">\u8cb7\u53ce\u306e\u305f\u3081\u306b\u652f\u6255\u3063\u305f\u30d7\u30ec\u30df\u30a2\u30e0\uff08\u306e\u308c\u3093\uff09\u306f\u3001\u5c06\u6765\u306b\u308f\u305f\u3063\u3066\u4f01\u696d\u306b\u5229\u76ca\u3092\u3082\u305f\u3089\u3057\u7d9a\u3051\u308b\u306f\u305a\u3067\u3059\u3002\u305d\u306e\u305f\u3081\u3001\u305d\u306e\u60f3\u5b9a\u3055\u308c\u308b\u52b9\u679c\u304c\u7d9a\u304f\u671f\u9593\uff08\u4f8b\u3048\u307020\u5e74\u306a\u3069\uff09\u306b\u308f\u305f\u3063\u3066\u3001\u6bce\u5e74\u5c11\u3057\u305a\u3064\u8cbb\u7528\u3068\u3057\u3066\u5206\u5272\u3057\u3066\u8a08\u4e0a\u3057\u3066\u3044\u304f\u884c\u70ba\u3092\u300c\u306e\u308c\u3093\u306e\u511f\u5374\u300d\u3068\u547c\u3073\u307e\u3059\u3002<\/p>\n<h3 data-path-to-node=\"17\" id=\"p-rc_6f0ba9d57ab83910-134\"><span class=\"citation-266 citation-end-266\">3. \u65e5\u672c\u57fa\u6e96\u3068\u56fd\u969b\u4f1a\u8a08\u57fa\u6e96\uff08IFRS\uff09\u306b\u304a\u3051\u308b\u300c\u306e\u308c\u3093\u300d\u306e\u6271\u3044\u306e\u6c7a\u5b9a\u7684\u306a\u9055\u3044<source-footnote ng-version=\"0.0.0-PLACEHOLDER\" _nghost-ng-c1269175633=\"\"><sup _ngcontent-ng-c1269175633=\"\" class=\"superscript\" data-turn-source-index=\"1\"><\/sup><\/source-footnote><\/span><sources-carousel-inline ng-version=\"0.0.0-PLACEHOLDER\" _nghost-ng-c2012047434=\"\"><source-inline-chip _ngcontent-ng-c2012047434=\"\" _nghost-ng-c124228188=\"\" class=\"ng-star-inserted\"><\/source-inline-chip><\/sources-carousel-inline><\/h3>\n<p data-path-to-node=\"18\">\u5b9f\u306f\u3001\u3053\u306e\u300c\u306e\u308c\u3093\u3092\u511f\u5374\u3059\u308b\u304b\u3069\u3046\u304b\u300d\u3068\u3044\u3046\u30eb\u30fc\u30eb\u306f\u3001\u63a1\u7528\u3059\u308b<b data-path-to-node=\"18\" data-index-in-node=\"31\">\u4f1a\u8a08\u57fa\u6e96<\/b>\u306b\u3088\u3063\u3066180\u5ea6\u7570\u306a\u308a\u307e\u3059\u3002\u3053\u308c\u304c\u3001\u73fe\u4ee3\u306e\u30d3\u30b8\u30cd\u30b9\u3084\u6295\u8cc7\u3092\u7406\u89e3\u3059\u308b\u4e0a\u3067\u3001\u6700\u3082\u91cd\u8981\u306a\u5206\u5c90\u70b9\u3068\u306a\u308a\u307e\u3059\u3002<\/p>\n<p data-path-to-node=\"19\">\u73fe\u5728\u3001\u65e5\u672c\u306e\u4e0a\u5834\u4f01\u696d\u304c\u63a1\u7528\u3057\u3066\u3044\u308b\u4e3b\u306a\u4f1a\u8a08\u57fa\u6e96\u306b\u306f\u3001\u4e3b\u306b\u300c\u65e5\u672c\u57fa\u6e96\u300d<b data-path-to-node=\"19\" data-index-in-node=\"34\">\u3068<\/b>\u300cIFRS\uff08\u56fd\u969b\u8ca1\u52d9\u5831\u544a\u57fa\u6e96\uff09\u300d\u306e2\u3064\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<table data-path-to-node=\"20\">\n<thead>\n<tr>\n<td><strong>\u9805\u76ee<\/strong><\/td>\n<td><strong>\u65e5\u672c\u57fa\u6e96\uff08J-GAAP\uff09<\/strong><\/td>\n<td><strong>IFRS\uff08\u56fd\u969b\u4f1a\u8a08\u57fa\u6e96\uff09<\/strong><\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><span data-path-to-node=\"20,1,0,0\"><b data-path-to-node=\"20,1,0,0\" data-index-in-node=\"0\">\u306e\u308c\u3093\u306e\u5b9a\u7fa9<\/b><\/span><\/td>\n<td><span data-path-to-node=\"20,1,1,0\">\u8cb7\u53ce\u5bfe\u4fa1\u3068\u6642\u4fa1\u7d14\u8cc7\u7523\u306e\u5dee\u984d<\/span><\/td>\n<td><span data-path-to-node=\"20,1,2,0\">\u540c\u5de6<\/span><\/td>\n<\/tr>\n<tr>\n<td><span data-path-to-node=\"20,2,0,0\"><b data-path-to-node=\"20,2,0,0\" data-index-in-node=\"0\">\u5b9a\u671f\u7684\u306a\u511f\u5374<\/b><\/span><\/td>\n<td><span data-path-to-node=\"20,2,1,0\"><b data-path-to-node=\"20,2,1,0\" data-index-in-node=\"0\">\u884c\u3046<\/b>\uff08\u6700\u957720\u5e74\u4ee5\u5185\u3067\u6bce\u671f\u5747\u7b49\u511f\u5374\uff09<\/span><\/td>\n<td><span data-path-to-node=\"20,2,2,0\"><b data-path-to-node=\"20,2,2,0\" data-index-in-node=\"0\">\u884c\u308f\u306a\u3044<\/b>\uff08\u975e\u511f\u5374\uff09<\/span><\/td>\n<\/tr>\n<tr>\n<td><span data-path-to-node=\"20,3,0,0\"><b data-path-to-node=\"20,3,0,0\" data-index-in-node=\"0\">\u55b6\u696d\u5229\u76ca\u3078\u306e\u5f71\u97ff<\/b><\/span><\/td>\n<td><span data-path-to-node=\"20,3,1,0\">\u6bce\u5e74\u306e\u511f\u5374\u8cbb\u304c\u8ca9\u58f2\u7ba1\u7406\u8cbb\u3068\u3057\u3066\u5f15\u304b\u308c\u308b\u305f\u3081\u3001\u55b6\u696d\u5229\u76ca\u304c\u5727\u8feb\u3055\u308c\u308b<\/span><\/td>\n<td><span data-path-to-node=\"20,3,2,0\">\u511f\u5374\u8cbb\u304c\u767a\u751f\u3057\u306a\u3044\u305f\u3081\u3001\u8cb7\u53ce\u76f4\u5f8c\u304b\u3089\u55b6\u696d\u5229\u76ca\u304c\u9ad8\u304f\u51fa\u3084\u3059\u3044<\/span><\/td>\n<\/tr>\n<tr>\n<td><span data-path-to-node=\"20,4,0,0\"><b data-path-to-node=\"20,4,0,0\" data-index-in-node=\"0\">\u4fa1\u5024\u4f4e\u4e0b\u6642\u306e\u51e6\u7406<\/b><\/span><\/td>\n<td><span data-path-to-node=\"20,4,1,0\">\u4fa1\u5024\u304c\u4e0b\u304c\u3063\u305f\u5834\u5408\u306f\u300c\u6e1b\u640d\u51e6\u7406\uff08\u4e00\u62ec\u640d\u5931\uff09\u300d\u3092\u884c\u3046<\/span><\/td>\n<td><span data-path-to-node=\"20,4,2,0\">\u6bce\u5e74\u300c\u6e1b\u640d\u30c6\u30b9\u30c8\u300d\u3092\u884c\u3044\u3001\u4fa1\u5024\u4f4e\u4e0b\u304c\u8a8d\u3081\u3089\u308c\u308c\u3070\u300c\u4e00\u62ec\u6e1b\u640d\u300d\u3092\u884c\u3046<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h4 data-path-to-node=\"21\">\u2460 \u65e5\u672c\u57fa\u6e96\uff1a\u5b89\u5b9a\u30fb\u4fdd\u5b88\u4e3b\u7fa9\uff08\u306e\u308c\u3093\u306f\u6bce\u5e74\u511f\u5374\u3059\u308b\uff09<\/h4>\n<p data-path-to-node=\"22\">\u65e5\u672c\u57fa\u6e96\u3067\u306f\u3001\u300c\u306e\u308c\u3093\uff08\u30d6\u30e9\u30f3\u30c9\u3084\u6280\u8853\u3001\u30b7\u30ca\u30b8\u30fc\uff09\u306e\u4fa1\u5024\u3082\u3001\u5e74\u6708\u306e\u7d4c\u904e\u3068\u3068\u3082\u306b\u5c11\u3057\u305a\u3064\u8584\u308c\u3066\u3044\u304f\uff08\u3042\u308b\u3044\u306f\u3001\u81ea\u793e\u72ec\u81ea\u306e\u52aa\u529b\u306e\u6210\u679c\u306b\u7f6e\u304d\u63db\u308f\u3063\u3066\u3044\u304f\uff09\u3082\u306e\u300d\u3068\u8003\u3048\u307e\u3059\u3002<\/p>\n<p data-path-to-node=\"22\">\u305d\u306e\u305f\u3081\u3001\u8cb7\u53ce\u304b\u3089\u6700\u957720\u5e74\u4ee5\u5185\u306e\u5e74\u6570\u3092\u5408\u7406\u7684\u306b\u898b\u7a4d\u3082\u308a\u3001\u6bce\u5e74\u5fc5\u305a\u300c\u306e\u308c\u3093\u511f\u5374\u8cbb\u300d\u3068\u3044\u3046\u8cbb\u7528\u3092\u8a08\u4e0a\u3057\u3001\u306e\u308c\u3093\u306e\u5e33\u7c3f\u4e0a\u306e\u4fa1\u5024\u3092\u6e1b\u3089\u3057\u3066\u3044\u304d\u307e\u3059\u3002<\/p>\n<ul data-path-to-node=\"23\">\n<li>\n<p data-path-to-node=\"23,0,0\"><b data-path-to-node=\"23,0,0\" data-index-in-node=\"0\">\u30e1\u30ea\u30c3\u30c8<\/b>\uff1a\u6bce\u5e74\u30b3\u30c4\u30b3\u30c4\u8cbb\u7528\u5316\u3059\u308b\u305f\u3081\u3001\u5c06\u6765\u4e00\u6c17\u306b\u5927\u304d\u306a\u640d\u5931\uff08\u6e1b\u640d\uff09\u304c\u51fa\u308b\u30ea\u30b9\u30af\u3092\u524d\u3082\u3063\u3066\u6291\u3048\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u3002<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"23,1,0\"><b data-path-to-node=\"23,1,0\" data-index-in-node=\"0\">\u30c7\u30e1\u30ea\u30c3\u30c8<\/b>\uff1a\u8cb7\u53ce\u3057\u305f\u4f01\u696d\u304c\u3069\u308c\u3060\u3051\u5132\u304b\u3063\u3066\u3044\u3066\u3082\u3001\u6bce\u5e74\u5f37\u5236\u7684\u306b\u591a\u984d\u306e\u8cbb\u7528\uff08\u306e\u308c\u3093\u511f\u5374\u8cbb\uff09\u304c\u55b6\u696d\u5229\u76ca\u304b\u3089\u5f15\u304b\u308c\u308b\u305f\u3081\u3001\u898b\u304b\u3051\u4e0a\u306e\u5229\u76ca\u304c\u4f4e\u304f\u306a\u308b\u3002<\/p>\n<\/li>\n<\/ul>\n<h4 data-path-to-node=\"24\" id=\"p-rc_6f0ba9d57ab83910-135\"><span class=\"citation-265 citation-end-265\">\u2461 IFRS\uff08\u56fd\u969b\u4f1a\u8a08\u57fa\u6e96\uff09\uff1a\u6210\u679c\u4e3b\u7fa9\uff08\u306e\u308c\u3093\u306f\u511f\u5374\u305b\u305a\u3001\u30c0\u30e1\u306b\u306a\u3063\u305f\u3089\u4e00\u6c17\u306b\u524a\u308b\uff09<source-footnote ng-version=\"0.0.0-PLACEHOLDER\" _nghost-ng-c1269175633=\"\"><sup _ngcontent-ng-c1269175633=\"\" class=\"superscript\" data-turn-source-index=\"2\"><\/sup><\/source-footnote><\/span><sources-carousel-inline ng-version=\"0.0.0-PLACEHOLDER\" _nghost-ng-c2012047434=\"\"><source-inline-chip _ngcontent-ng-c2012047434=\"\" _nghost-ng-c124228188=\"\" class=\"ng-star-inserted\"><\/source-inline-chip><\/sources-carousel-inline><\/h4>\n<p data-path-to-node=\"25\">\u4e00\u65b9\u3067\u3001\u6b27\u5dde\u767a\u306e\u30b0\u30ed\u30fc\u30d0\u30eb\u57fa\u6e96\u3067\u3042\u308bIFRS\uff08\u304a\u3088\u3073\u7c73\u56fd\u57fa\u6e96\uff09\u3067\u306f\u3001\u300c\u306e\u308c\u3093\u306e\u4fa1\u5024\u306f\u3001\u4f01\u696d\u304c\u9069\u5207\u306b\u7d4c\u55b6\u3057\u3066\u3044\u308b\u9650\u308a\u52dd\u624b\u306b\u6e1b\u308b\u3082\u306e\u3067\u306f\u306a\u3044\u3002\u3080\u3057\u308d\u3001\u81ea\u5df1\u6295\u8cc7\u306b\u3088\u3063\u3066\u4fa1\u5024\u304c\u7dad\u6301\u30fb\u5411\u4e0a\u3059\u308b\u3053\u3068\u3082\u3042\u308b\u3002\u3060\u304b\u3089\u3001\u5b9a\u671f\u7684\u306b\u4fa1\u5024\u3092\u6e1b\u3089\u3059\u5fc5\u8981\u306f\u306a\u3044\u300d\u3068\u8003\u3048\u307e\u3059\u3002<\/p>\n<p data-path-to-node=\"26\">\u305d\u306e\u4ee3\u308f\u308a\u3001\u306e\u308c\u3093\u306f\u300c\u975e\u511f\u5374\uff08\u6bce\u5e74\u511f\u5374\u3057\u306a\u3044\uff09\u300d\u3068\u3055\u308c\u3001\u8cc7\u7523\u3068\u3057\u3066\u305d\u306e\u307e\u307e\u8cb8\u501f\u5bfe\u7167\u8868\u306b\u6b8b\u308a\u7d9a\u3051\u307e\u3059\u3002\u305f\u3060\u3057\u3001\u5e74\u306b1\u56de\u4ee5\u4e0a\u3001<b data-path-to-node=\"26\" data-index-in-node=\"61\">\u300c\u672c\u5f53\u306b\u3053\u306e\u8cb7\u53ce\u3057\u305f\u4f01\u696d\u306b\u306f\u3001\u4eca\u3082\u306e\u308c\u3093\u5206\u306e\u4fa1\u5024\u304c\u3042\u308b\u306e\u304b\uff1f\u300d\u3092\u53b3\u683c\u306b\u30c6\u30b9\u30c8\uff08\u6e1b\u640d\u30c6\u30b9\u30c8\uff09\u3057\u307e\u3059\u3002 \u3082\u3057\u3001\u8cb7\u53ce\u3057\u305f\u4f01\u696d\u306e\u696d\u7e3e\u304c\u8a08\u753b\u901a\u308a\u306b\u3044\u304b\u305a\u3001\u300c\u3082\u3046\u5f53\u521d\u671f\u5f85\u3057\u305f\u4fa1\u5024\u306f\u306a\u3044\u300d\u3068\u5224\u65ad\u3055\u308c\u305f\u5834\u5408\u3001\u305d\u306e\u5931\u308f\u308c\u305f\u4fa1\u5024\u3092\u300c\u6e1b\u640d\uff08\u3052\u3093\u305d\u3093\uff09\u640d\u5931\u300d\u3068\u3057\u3066\u3001\u4e00\u77ac\u306b\u3057\u3066\u5168\u984d\uff08\u3042\u308b\u3044\u306f\u591a\u984d\uff09\u3092\u640d\u5931\u3068\u3057\u3066\u51e6\u7406<\/b>\u3057\u306a\u3051\u308c\u3070\u306a\u308a\u307e\u305b\u3093\u3002<\/p>\n<ul data-path-to-node=\"27\">\n<li>\n<p data-path-to-node=\"27,0,0\"><b data-path-to-node=\"27,0,0\" data-index-in-node=\"0\">\u30e1\u30ea\u30c3\u30c8<\/b>\uff1a\u6bce\u5e74\u306e\u511f\u5374\u8cbb\u304c\u767a\u751f\u3057\u306a\u3044\u305f\u3081\u3001M&amp;A\u304c\u6210\u529f\u3057\u3066\u3044\u308b\u9593\u306f\u3001\u55b6\u696d\u5229\u76ca\u304c\u975e\u5e38\u306b\u9ad8\u304f\u3001\u7dba\u9e97\u306b\u898b\u3048\u308b\u3002<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"27,1,0\"><b data-path-to-node=\"27,1,0\" data-index-in-node=\"0\">\u30c7\u30e1\u30ea\u30c3\u30c8<\/b>\uff1a\u8cb7\u53ce\u5148\u304c\u50be\u3044\u305f\u3068\u304d\u3001\u3042\u308b\u65e5\u7a81\u7136\u3001\u6570\u5343\u5104\u5186\u898f\u6a21\u306e\u300c\u5de8\u984d\u6e1b\u640d\u640d\u5931\u300d\u304c\u6025\u6fc0\u306b\u767a\u751f\u3057\u3001\u4e00\u77ac\u3067\u5927\u8d64\u5b57\u306b\u8ee2\u843d\u3059\u308b\uff08\u6642\u9650\u7206\u5f3e\u306e\u3088\u3046\u306a\u30ea\u30b9\u30af\u3092\u62b1\u3048\u308b\uff09\u3002<\/p>\n<\/li>\n<\/ul>\n<p data-path-to-node=\"28\">\u3053\u306e2\u3064\u306e\u9055\u3044\u3092\u982d\u306b\u53e9\u304d\u8fbc\u3093\u3067\u304a\u304f\u3053\u3068\u304c\u3001\u306e\u308c\u3093\u3092\u8a9e\u308b\u4e0a\u3067\u306e\u5927\u524d\u63d0\u3068\u306a\u308a\u307e\u3059\u3002<\/p>\n<h2 data-path-to-node=\"30\">\u7b2c2\u7ae0\uff1a\u306e\u308c\u3093\u511f\u5374\u306e\u5177\u4f53\u7684\u306a\u8a08\u7b97\u65b9\u6cd5\u3068\u4ed5\u8a33<\/h2>\n<p data-path-to-node=\"31\">\u4f1a\u8a08\u3084\u8ca1\u52d9\u306e\u7406\u89e3\u3092\u3088\u308a\u5f37\u56fa\u306a\u3082\u306e\u306b\u3059\u308b\u305f\u3081\u306b\u3001\u5177\u4f53\u7684\u306a\u6570\u5024\u3092\u4f7f\u3063\u3066\u3001\u306e\u308c\u3093\u304c\u3069\u306e\u3088\u3046\u306b\u767a\u751f\u3057\u3001\u3069\u306e\u3088\u3046\u306b\u511f\u5374\u3055\u308c\u3066\u3044\u304f\u306e\u304b\u3092\u3001\u8cb8\u501f\u5bfe\u7167\u8868\uff08B\/S\uff09\u3068\u640d\u76ca\u8a08\u7b97\u66f8\uff08P\/L\uff09\u306e\u52d5\u304d\u3092\u4ea4\u3048\u3066\u30b7\u30df\u30e5\u30ec\u30fc\u30b7\u30e7\u30f3\u3057\u3066\u307f\u307e\u3057\u3087\u3046\u3002<\/p>\n<h3 data-path-to-node=\"32\">1. \u306e\u308c\u3093\u767a\u751f\u306e\u30b7\u30df\u30e5\u30ec\u30fc\u30b7\u30e7\u30f3<\/h3>\n<p data-path-to-node=\"33\">\u3053\u3053\u306b\u3001\u7cbe\u5bc6\u6a5f\u68b0\u306e\u90e8\u54c1\u3092\u88fd\u9020\u3059\u308b\u300c\u5927\u548c\u30c6\u30af\u30ce\u30ed\u30b8\u30fc\u793e\uff08\u58f2\u308a\u624b\uff09\u300d\u304c\u3042\u308a\u307e\u3059\u3002\u3053\u306e\u4f1a\u793e\u306e\u6642\u4fa1\u7d14\u8cc7\u7523\uff08\u8cc7\u7523\u304b\u3089\u8ca0\u50b5\u3092\u5dee\u3057\u5f15\u3044\u305f\u5b9f\u8cea\u7684\u306a\u4fa1\u5024\uff09\u306f\u300c10\u5104\u5186\u300d\u3067\u3059\u3002<\/p>\n<p data-path-to-node=\"34\">\u4e00\u65b9\u3001\u5927\u4f01\u696d\u306e\u300c\u65e5\u672c\u91cd\u5de5\u30b0\u30eb\u30fc\u30d7\uff08\u8cb7\u3044\u624b\uff09\u300d\u306f\u3001\u5927\u548c\u30c6\u30af\u30ce\u30ed\u30b8\u30fc\u793e\u304c\u6301\u3064\u7279\u6b8a\u306a\u7279\u8a31\u6280\u8853\u3068\u3001\u5317\u7c73\u5e02\u5834\u3078\u306e\u8ca9\u58f2\u30eb\u30fc\u30c8\u3092\u624b\u306b\u5165\u308c\u305f\u3044\u3068\u8003\u3048\u307e\u3057\u305f\u3002\u3053\u306e\u6280\u8853\u3068\u30eb\u30fc\u30c8\u304c\u3042\u308c\u3070\u3001\u81ea\u793e\u306e\u30d3\u30b8\u30cd\u30b9\u3068\u7d44\u307f\u5408\u308f\u305b\u3066\u5c06\u6765\u3055\u3089\u306b\u5927\u304d\u306a\u5229\u76ca\uff08\u30b7\u30ca\u30b8\u30fc\u52b9\u679c\uff09\u3092\u751f\u307f\u51fa\u305b\u308b\u3068\u78ba\u4fe1\u3057\u305f\u65e5\u672c\u91cd\u5de5\u30b0\u30eb\u30fc\u30d7\u306f\u3001\u6642\u4fa1\u7d14\u8cc7\u752310\u5104\u5186\u306b\u5bfe\u3057\u3001\u300c15\u5104\u5186\u300d\u306e\u73fe\u91d1\u3092\u652f\u6255\u3063\u3066\u8cb7\u53ce\u3059\u308b\u3053\u3068\u306b\u3057\u307e\u3057\u305f\u3002<\/p>\n<p data-path-to-node=\"35\" id=\"p-rc_6f0ba9d57ab83910-136\"><span class=\"citation-264 citation-end-264\">\u3053\u306e\u3068\u304d\u3001\u767a\u751f\u3059\u308b\u300c\u306e\u308c\u3093\u300d\u306f\u4ee5\u4e0b\u306e\u901a\u308a\u3067\u3059\u3002<source-footnote ng-version=\"0.0.0-PLACEHOLDER\" _nghost-ng-c1269175633=\"\"><sup _ngcontent-ng-c1269175633=\"\" class=\"superscript\" data-turn-source-index=\"3\"><\/sup><\/source-footnote><\/span><sources-carousel-inline ng-version=\"0.0.0-PLACEHOLDER\" _nghost-ng-c2012047434=\"\"><source-inline-chip _ngcontent-ng-c2012047434=\"\" _nghost-ng-c124228188=\"\" class=\"ng-star-inserted\"><\/source-inline-chip><\/sources-carousel-inline><\/p>\n<p><response-element class=\"\" ng-version=\"0.0.0-PLACEHOLDER\"><code-block _nghost-ng-c3241222747=\"\" class=\"ng-tns-c3241222747-244 enable-luminous-code-block ng-star-inserted\"><\/code-block><\/response-element><\/p>\n<div _ngcontent-ng-c3241222747=\"\" class=\"code-block ng-tns-c3241222747-244 ng-animate-disabled ng-trigger ng-trigger-codeBlockRevealAnimation\" jslog=\"223238;track:impression,attention;BardVeMetadataKey:[[&quot;r_ce68251ccc648f45&quot;,&quot;c_0387683d69fe10af&quot;,null,&quot;rc_6f0ba9d57ab83910&quot;,null,null,&quot;en&quot;,null,1,null,null,1,0]]\">\n<div _ngcontent-ng-c3241222747=\"\" class=\"formatted-code-block-internal-container ng-tns-c3241222747-244\">\n<div _ngcontent-ng-c3241222747=\"\" class=\"animated-opacity ng-tns-c3241222747-244\">\n<pre _ngcontent-ng-c3241222747=\"\" class=\"ng-tns-c3241222747-244\"><code _ngcontent-ng-c3241222747=\"\" role=\"text\" data-test-id=\"code-content\" class=\"code-container formatted ng-tns-c3241222747-244 no-decoration-radius\">\u8cb7\u53ce\u984d 15\u5104\u5186 \u2212 \u6642\u4fa1\u7d14\u8cc7\u7523 10\u5104\u5186 \uff1d \u306e\u308c\u3093 5\u5104\u5186\r\n<\/code><\/pre>\n<\/div>\n<\/div>\n<\/div>\n<p>&nbsp;<\/p>\n<h4 data-path-to-node=\"37\">M&amp;A\u5b9f\u884c\u6642\u306e\u8cb8\u501f\u5bfe\u7167\u8868\uff08B\/S\uff09\u306e\u5909\u5316<\/h4>\n<p data-path-to-node=\"38\">\u8cb7\u3044\u624b\u3067\u3042\u308b\u65e5\u672c\u91cd\u5de5\u30b0\u30eb\u30fc\u30d7\u306f\u300115\u5104\u5186\u306e\u73fe\u91d1\u3092\u652f\u6255\u3046\u4ee3\u308f\u308a\u306b\u3001\u5927\u548c\u30c6\u30af\u30ce\u30ed\u30b8\u30fc\u793e\u306e\u8cc7\u7523\uff08\u6642\u4fa1\u7d14\u8cc7\u752310\u5104\u5186\u5206\uff09\u3068\u3001\u76ee\u306b\u898b\u3048\u306a\u3044\u8cc7\u7523\u3067\u3042\u308b\u300c\u306e\u308c\u3093\uff085\u5104\u5186\uff09\u300d\u3092\u624b\u306b\u5165\u308c\u307e\u3059\u3002<\/p>\n<ul data-path-to-node=\"39\">\n<li>\n<p data-path-to-node=\"39,0,0\"><b data-path-to-node=\"39,0,0\" data-index-in-node=\"0\">\u8cc7\u7523\u306e\u90e8<\/b>\uff1a<\/p>\n<ul data-path-to-node=\"39,0,1\">\n<li>\n<p data-path-to-node=\"39,0,1,0,0\">\u5927\u548c\u30c6\u30af\u30ce\u30ed\u30b8\u30fc\u793e\u306e\u7d14\u8cc7\u7523\u53d7\u3051\u5165\u308c\uff1a\uff0b10\u5104\u5186<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"39,0,1,1,0\">\u306e\u308c\u3093\u8a08\u4e0a\uff1a\uff0b5\u5104\u5186<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"39,0,1,2,0\">\u652f\u6255\u3063\u305f\u30ad\u30e3\u30c3\u30b7\u30e5\uff08\u73fe\u91d1\u9810\u91d1\uff09\uff1a\u30fc15\u5104\u5186<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<li>\n<p data-path-to-node=\"39,1,0\"><b data-path-to-node=\"39,1,0\" data-index-in-node=\"0\">\u7d50\u679c<\/b>\uff1a\u5168\u4f53\u306e\u8cc7\u7523\u7dcf\u984d\u306f\u30d7\u30e9\u30b9\u30de\u30a4\u30ca\u30b9\u30bc\u30ed\u3067\u3001\u30d0\u30e9\u30f3\u30b9\u3057\u307e\u3059\u3002<\/p>\n<\/li>\n<\/ul>\n<h3 data-path-to-node=\"41\">2. \u65e5\u672c\u57fa\u6e96\u3067\u306e\u300c\u306e\u308c\u3093\u511f\u5374\u300d\u306e\u4ed5\u8a33\u3068\u6c7a\u7b97\u66f8\u3078\u306e\u53cd\u6620<\/h3>\n<p data-path-to-node=\"42\">\u65e5\u672c\u57fa\u6e96\u3092\u63a1\u7528\u3057\u3066\u3044\u308b\u65e5\u672c\u91cd\u5de5\u30b0\u30eb\u30fc\u30d7\u306f\u3001\u3053\u306e5\u5104\u5186\u306e\u306e\u308c\u3093\u3092\u300c\u4eca\u5f8c10\u5e74\u9593\u306b\u308f\u305f\u3063\u3066\u52b9\u679c\u304c\u6301\u7d9a\u3059\u308b\u300d\u3068\u898b\u7a4d\u3082\u308a\u307e\u3057\u305f\uff08\u511f\u5374\u671f\u959310\u5e74\u3001\u6bce\u671f\u5747\u7b49\u511f\u5374\uff09\u3002<\/p>\n<p data-path-to-node=\"43\">\u6bce\u5e74\u306e\u511f\u5374\u984d\u306e\u8a08\u7b97\u306f\u3001\u5358\u7d14\u306b\u5168\u4f53\u306e\u306e\u308c\u3093\u984d\u3092\u671f\u9593\u3067\u5272\u308b\u3060\u3051\u3067\u3059\u3002<img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/07\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-07-17-11.27.24-1024x135.png\" alt=\"\" width=\"485\" height=\"64\" class=\"aligncenter  wp-image-27807\" srcset=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/07\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-07-17-11.27.24-1024x135.png 1024w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/07\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-07-17-11.27.24-300x40.png 300w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/07\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-07-17-11.27.24-768x101.png 768w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/07\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-07-17-11.27.24.png 1154w\" sizes=\"(max-width: 485px) 100vw, 485px\" \/>\u6bce\u5e74\u306e\u6c7a\u7b97\u6642\uff08\u5e741\u56de\uff09\u306e\u4ed5\u8a33<\/p>\n<div data-path-to-node=\"44\"><\/div>\n<p data-path-to-node=\"46\" id=\"p-rc_6f0ba9d57ab83910-137\"><span class=\"citation-263 citation-end-263\">\u4f1a\u8a08\u4e0a\u306e\u4ed5\u8a33\u306f\u6b21\u306e\u3088\u3046\u306b\u306a\u308a\u307e\u3059\u3002<source-footnote ng-version=\"0.0.0-PLACEHOLDER\" _nghost-ng-c1269175633=\"\"><sup _ngcontent-ng-c1269175633=\"\" class=\"superscript\" data-turn-source-index=\"4\"><\/sup><\/source-footnote><\/span><sources-carousel-inline ng-version=\"0.0.0-PLACEHOLDER\" _nghost-ng-c2012047434=\"\"><source-inline-chip _ngcontent-ng-c2012047434=\"\" _nghost-ng-c124228188=\"\" class=\"ng-star-inserted\"><\/source-inline-chip><\/sources-carousel-inline><\/p>\n<table data-path-to-node=\"47\">\n<thead>\n<tr>\n<td><strong>\u501f\u65b9\u79d1\u76ee<\/strong><\/td>\n<td><strong>\u91d1\u984d<\/strong><\/td>\n<td><strong>\u8cb8\u65b9\u79d1\u76ee<\/strong><\/td>\n<td><strong>\u91d1\u984d<\/strong><\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><span data-path-to-node=\"47,1,0,0\"><b data-path-to-node=\"47,1,0,0\" data-index-in-node=\"0\">\u306e\u308c\u3093\u511f\u5374\u8cbb<\/b>\uff08\u8cbb\u7528\uff09<\/span><\/td>\n<td><span data-path-to-node=\"47,1,1,0\">5,000\u4e07\u5186<\/span><\/td>\n<td><span data-path-to-node=\"47,1,2,0\"><b data-path-to-node=\"47,1,2,0\" data-index-in-node=\"0\">\u306e\u308c\u3093<\/b>\uff08\u8cc7\u7523\u306e\u30de\u30a4\u30ca\u30b9\uff09<\/span><\/td>\n<td><span data-path-to-node=\"47,1,3,0\">5,000\u4e07\u5186<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h4 data-path-to-node=\"48\">\u3053\u308c\u304c\u6c7a\u7b97\u66f8\u306b\u4e0e\u3048\u308b\u5f71\u97ff<\/h4>\n<ul data-path-to-node=\"49\">\n<li>\n<p data-path-to-node=\"49,0,0\"><b data-path-to-node=\"49,0,0\" data-index-in-node=\"0\">\u640d\u76ca\u8a08\u7b97\u66f8\uff08P\/L\uff09\u3078\u306e\u5f71\u97ff<\/b>\uff1a<\/p>\n<ul data-path-to-node=\"49,0,1\">\n<li>\n<p data-path-to-node=\"49,0,1,0,0\">\u300c\u8ca9\u58f2\u8cbb\u53ca\u3073\u4e00\u822c\u7ba1\u7406\u8cbb\uff08\u8ca9\u7ba1\u8cbb\uff09\u300d\u306e\u533a\u5206\u306b\u300c\u306e\u308c\u3093\u511f\u5374\u8cbb\u300d\u3068\u3057\u3066<b data-path-to-node=\"49,0,1,0,0\" data-index-in-node=\"32\">5,000\u4e07\u5186<\/b>\u304c\u8a08\u4e0a\u3055\u308c\u307e\u3059\u3002<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"49,0,1,1,0\">\u7d50\u679c\u3068\u3057\u3066\u3001\u5927\u548c\u30c6\u30af\u30ce\u30ed\u30b8\u30fc\u793e\u306e\u8cb7\u53ce\u306b\u3088\u3063\u3066\u3044\u304f\u3089\u5229\u76ca\uff08\u4f8b\u3048\u3070\u5e74\u95938,000\u4e07\u5186\u306e\u55b6\u696d\u5229\u76ca\uff09\u304c\u51fa\u3066\u3044\u305f\u3068\u3057\u3066\u3082\u3001\u305d\u3053\u304b\u30895,000\u4e07\u5186\u304c\u5dee\u3057\u5f15\u304b\u308c\u308b\u305f\u3081\u3001\u9023\u7d50\u6c7a\u7b97\u4e0a\u306e\u55b6\u696d\u5229\u76ca\u3078\u306e\u5b9f\u8cea\u7684\u306a\u8ca2\u732e\u306f\u300c3,000\u4e07\u5186\u300d\u306b\u76ee\u6e1b\u308a\u3057\u307e\u3059\u3002<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<li>\n<p data-path-to-node=\"49,1,0\"><b data-path-to-node=\"49,1,0\" data-index-in-node=\"0\">\u8cb8\u501f\u5bfe\u7167\u8868\uff08B\/S\uff09\u3078\u306e\u5f71\u97ff<\/b>\uff1a<\/p>\n<ul data-path-to-node=\"49,1,1\">\n<li>\n<p data-path-to-node=\"49,1,1,0,0\">\u8cc7\u7523\u306e\u90e8\u306b\u8f09\u3063\u3066\u3044\u305f\u300c\u306e\u308c\u3093\u300d\u306e\u984d\u304c\u3001\u6bce\u5e745,000\u4e07\u5186\u305a\u3064\u76f4\u63a5\u6e1b\u984d\u3055\u308c\u3066\u3044\u304d\u307e\u3059\u3002<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"49,1,1,1,0\">1\u5e74\u76ee\u306f4\u51045,000\u4e07\u5186\u30012\u5e74\u76ee\u306f4\u5104\u5186\u2026\u2026\u3068\u306a\u308a\u300110\u5e74\u5f8c\u306b\u306f\u306e\u308c\u3093\u306e\u6b8b\u9ad8\u306f\u300c0\u5186\u300d\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h3 data-path-to-node=\"51\">3. IFRS\u306b\u304a\u3051\u308b\u300c\u975e\u511f\u5374\u300d\u3068\u300c\u6e1b\u640d\u30c6\u30b9\u30c8\u300d\u306e\u30d7\u30ed\u30bb\u30b9<\/h3>\n<p data-path-to-node=\"52\">\u3082\u3057\u65e5\u672c\u91cd\u5de5\u30b0\u30eb\u30fc\u30d7\u304cIFRS\u3092\u63a1\u7528\u3057\u3066\u3044\u305f\u5834\u5408\u3001\u4e0a\u8a18\u306e\u300c\u6bce\u5e745,000\u4e07\u5186\u3092\u8cbb\u7528\u306b\u3059\u308b\u300d\u3068\u3044\u3046\u51e6\u7406\u306f<b data-path-to-node=\"52\" data-index-in-node=\"51\">\u4e00\u5207\u884c\u3044\u307e\u305b\u3093<\/b>\u3002<\/p>\n<p data-path-to-node=\"52\">\u8cb7\u53ce\u5f8c\u30015\u5e74\u9593\u3001\u5927\u548c\u30c6\u30af\u30ce\u30ed\u30b8\u30fc\u793e\u304c\u9806\u8abf\u306b\u8a08\u753b\u901a\u308a\uff08\u3042\u308b\u3044\u306f\u305d\u308c\u4ee5\u4e0a\uff09\u306b\u5132\u304b\u3063\u3066\u3044\u308c\u3070\u3001\u8cb8\u501f\u5bfe\u7167\u8868\u306b\u306f\u8cfc\u5165\u5f53\u521d\u3068\u5909\u308f\u3089\u305a\u300c\u306e\u308c\u3093\uff1a5\u5104\u5186\u300d\u304c\u4e38\u3005\u6b8b\u308a\u7d9a\u3051\u307e\u3059\u3002<\/p>\n<p data-path-to-node=\"53\">\u5f53\u7136\u3001\u6bce\u5e74\u306e\u55b6\u696d\u5229\u76ca\u3082\u306e\u308c\u3093\u511f\u5374\u8cbb\u306b\u3088\u3063\u3066\u5f15\u304b\u308c\u308b\u3053\u3068\u304c\u306a\u3044\u305f\u3081\u3001\u5927\u548c\u30c6\u30af\u30ce\u30ed\u30b8\u30fc\u793e\u306e\u7a3c\u3044\u3060\u5229\u76ca\u304c\u305d\u306e\u307e\u307e100%\u9023\u7d50\u5229\u76ca\u306b\u4e0a\u4e57\u305b\u3055\u308c\u3001P\/L\u306f\u898b\u6804\u3048\u304c\u975e\u5e38\u306b\u826f\u304f\u306a\u308a\u307e\u3059\u3002<\/p>\n<h4 data-path-to-node=\"54\" id=\"p-rc_6f0ba9d57ab83910-138\"><span class=\"citation-262 citation-end-262\">\u3057\u304b\u3057\u3001\u3053\u3053\u304b\u3089\u304c\u300c\u6e1b\u640d\u30c6\u30b9\u30c8\u300d\u306e\u6050\u308d\u3057\u3055\u3067\u3059\u3002<source-footnote ng-version=\"0.0.0-PLACEHOLDER\" _nghost-ng-c1269175633=\"\"><sup _ngcontent-ng-c1269175633=\"\" class=\"superscript\" data-turn-source-index=\"5\"><\/sup><\/source-footnote><\/span><sources-carousel-inline ng-version=\"0.0.0-PLACEHOLDER\" _nghost-ng-c2012047434=\"\"><source-inline-chip _ngcontent-ng-c2012047434=\"\" _nghost-ng-c124228188=\"\" class=\"ng-star-inserted\"><\/source-inline-chip><\/sources-carousel-inline><\/h4>\n<p data-path-to-node=\"55\">6\u5e74\u76ee\u3001\u7af6\u5408\u4ed6\u793e\u304c\u3088\u308a\u5b89\u4fa1\u3067\u512a\u308c\u305f\u65b0\u578b\u90e8\u54c1\u3092\u958b\u767a\u3057\u3001\u5927\u548c\u30c6\u30af\u30ce\u30ed\u30b8\u30fc\u793e\u306e\u58f2\u4e0a\u306f\u6fc0\u6e1b\u3002\u8d64\u5b57\u306b\u8ee2\u843d\u3057\u3066\u3057\u307e\u3044\u307e\u3057\u305f\u3002\u5c06\u6765\u306b\u308f\u305f\u3063\u3066\u3001\u5f53\u521d\u671f\u5f85\u3057\u3066\u3044\u305f\u300c\u7279\u8a31\u6280\u8853\u306e\u512a\u4f4d\u6027\u300d\u3082\u300c\u5317\u7c73\u30eb\u30fc\u30c8\u306e\u4fa1\u5024\u300d\u3082\u3001\u307b\u307c\u30bc\u30ed\u306b\u306a\u3063\u3066\u3057\u307e\u3063\u305f\u3068\u5224\u65ad\u305b\u3056\u308b\u3092\u5f97\u306a\u304f\u306a\u308a\u307e\u3057\u305f\u3002<\/p>\n<p data-path-to-node=\"56\">\u6bce\u5e74\u884c\u3046\u300c\u6e1b\u640d\u30c6\u30b9\u30c8\u300d\u306e\u7d50\u679c\u3001\u5927\u548c\u30c6\u30af\u30ce\u30ed\u30b8\u30fc\u793e\uff08\u4f1a\u8a08\u4e0a\u306f\u300c\u8cc7\u91d1\u751f\u6210\u5358\u4f4d\u300d\u3068\u547c\u3073\u307e\u3059\uff09\u306e\u73fe\u5728\u306e\u56de\u53ce\u53ef\u80fd\u4fa1\u5024\u3092\u7b97\u5b9a\u3057\u305f\u3068\u3053\u308d\u3001\u306a\u3093\u3068\u300c2\u5104\u5186\u300d\u307e\u3067\u843d\u3061\u8fbc\u3093\u3067\u3044\u308b\u3053\u3068\u304c\u5224\u660e\u3057\u307e\u3057\u305f\u3002<\/p>\n<p data-path-to-node=\"57\">\u3053\u306e\u5834\u5408\u3001B\/S\u306b\u8f09\u3063\u3066\u3044\u308b\u8cc7\u7523\u4fa1\u5024\uff08\u7d14\u8cc7\u7523\uff0b\u306e\u308c\u30935\u5104\u5186\uff09\u306e\u3046\u3061\u3001<b data-path-to-node=\"57\" data-index-in-node=\"34\">\u56de\u5fa9\u4e0d\u80fd\u3068\u306a\u3063\u305f\u300c4\u5104\u5186\u5206\u300d\u3092\u3001\u305d\u306e\u671f\u306e\u300c\u6e1b\u640d\u640d\u5931\u300d\u3068\u3057\u3066\u4e00\u62ec\u3067\u51e6\u7406<\/b>\u3057\u306a\u3051\u308c\u3070\u306a\u308a\u307e\u305b\u3093\u3002<\/p>\n<h4 data-path-to-node=\"58\">\u6e1b\u640d\u767a\u751f\u6642\u306e\u4ed5\u8a33<\/h4>\n<table data-path-to-node=\"59\">\n<thead>\n<tr>\n<td><strong>\u501f\u65b9\u79d1\u76ee<\/strong><\/td>\n<td><strong>\u91d1\u984d<\/strong><\/td>\n<td><strong>\u8cb8\u65b9\u79d1\u76ee<\/strong><\/td>\n<td><strong>\u91d1\u984d<\/strong><\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><span data-path-to-node=\"59,1,0,0\"><b data-path-to-node=\"59,1,0,0\" data-index-in-node=\"0\">\u306e\u308c\u3093\u6e1b\u640d\u640d\u5931<\/b>\uff08\u7279\u5225\u640d\u5931\u7b49\uff09<\/span><\/td>\n<td><span data-path-to-node=\"59,1,1,0\">4\u5104\u5186<\/span><\/td>\n<td><span data-path-to-node=\"59,1,2,0\"><b data-path-to-node=\"59,1,2,0\" data-index-in-node=\"0\">\u306e\u308c\u3093<\/b>\uff08\u8cc7\u7523\u306e\u30de\u30a4\u30ca\u30b9\uff09<\/span><\/td>\n<td><span data-path-to-node=\"59,1,3,0\">4\u5104\u5186<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h4 data-path-to-node=\"60\">\u6c7a\u7b97\u66f8\u3078\u306e\u5f71\u97ff<\/h4>\n<ul data-path-to-node=\"61\">\n<li>\n<p data-path-to-node=\"61,0,0\"><b data-path-to-node=\"61,0,0\" data-index-in-node=\"0\">\u640d\u76ca\u8a08\u7b97\u66f8\uff08P\/L\uff09\u3078\u306e\u5f71\u97ff<\/b>\uff1a<\/p>\n<ul data-path-to-node=\"61,0,1\">\n<li>\n<p data-path-to-node=\"61,0,1,0,0\">\u305d\u306e\u671f\u306e\u6c7a\u7b97\u66f8\u306b\u3001\u4e00\u6c17\u306b\u300c4\u5104\u5186\u306e\u6e1b\u640d\u640d\u5931\u300d\u304c\u8a08\u4e0a\u3055\u308c\u307e\u3059\u3002<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"61,0,1,1,0\">\u3053\u308c\u307e\u3067\u306e\u300c\u6bce\u5e745,000\u4e07\u5186\u306e\u511f\u5374\u304c\u306a\u304f\u3066\u30cf\u30c3\u30d4\u30fc\u300d\u3060\u3063\u305f\u72b6\u614b\u304b\u3089\u3001\u4e00\u591c\u306b\u3057\u3066\u5de8\u5927\u306a\u640d\u5931\u3092\u55b0\u3089\u3046\u3053\u3068\u306b\u306a\u308a\u3001\u4f01\u696d\u5168\u4f53\u306e\u6700\u7d42\u5229\u76ca\uff08\u7d14\u5229\u76ca\uff09\u3092\u5927\u304d\u304f\u62bc\u3057\u4e0b\u3052\u3001\u6700\u60aa\u306e\u5834\u5408\u306f\u4f1a\u793e\u5168\u4f53\u304c\u8d64\u5b57\u8ee2\u843d\u3001\u682a\u4fa1\u6025\u843d\u306e\u5f15\u304d\u91d1\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p data-path-to-node=\"62\">\u3053\u306e\u3088\u3046\u306b\u3001\u65e5\u672c\u57fa\u6e96\u306f\u300c\u3042\u3089\u304b\u3058\u3081\u640d\u5931\u3092\u7d30\u304b\u304f\u5148\u6255\u3044\u3057\u3066\u304a\u304f\uff08\u75db\u307f\u306e\u5206\u6563\uff09\u300d<b data-path-to-node=\"62\" data-index-in-node=\"38\">\u30b9\u30bf\u30a4\u30eb\u3067\u3042\u308a\u3001IFRS\u306f<\/b>\u300c\u6210\u529f\u3057\u3066\u3044\u308b\u3046\u3061\u306f\u7121\u50b7\u3060\u304c\u3001\u5931\u6557\u3057\u305f\u3089\u4e00\u6483\u3067\u81f4\u547d\u50b7\u3092\u8ca0\u3046\uff08\u75db\u307f\u306e\u96c6\u4e2d\uff09\u300d\u30b9\u30bf\u30a4\u30eb\u3067\u3042\u308b\u3068\u8a00\u3048\u307e\u3059\u3002<\/p>\n<div class=\"xcd-attention-6 xcd-col5 xcd-ripple\">\n<div class=\"xcd-title-wrap\">\n<div class=\"xcd-title\"><span>\u3042\u306a\u305f\u306b\u672c\u5f53\u306b\u9069\u3057\u305f\u6295\u8cc7\u306f\u3069\u308c\uff1f<\/span><\/div>\n<\/div>\n<div class=\"xcd-content\">\n<p><span style=\"font-size: 12pt;\"><strong>\u30fb\u6295\u8cc7\u3067\u53ce\u5165\u3092\u5f97\u305f\u3044\u3001\u8cc7\u7523\u3092\u5897\u3084\u3057\u305f\u3044\u3000YES or NO<\/strong><\/span><br \/>\n<span style=\"font-size: 12pt;\"><strong>\u30fb\u30ea\u30b9\u30af\u306f\u3067\u304d\u308b\u3060\u3051\u6291\u3048\u305f\u3044\u3000YES or NO<\/strong><\/span><br \/>\n<span style=\"font-size: 12pt;\"><strong>\u30fb\u6295\u8cc7\u5148\u306e\u898b\u6975\u3081\u65b9\u3092\u77e5\u308a\u305f\u3044\u3000YES or NO<\/strong><\/span><br \/>\n<span style=\"font-size: 12pt;\"><strong>\u30fb\u6210\u529f\u3057\u3066\u3044\u308b\u6295\u8cc7\u5bb6\u3068\u63a5\u70b9\u304c\u6b32\u3057\u3044\u3000YES or NO<\/strong><\/span><br \/>\n<span style=\"font-size: 12pt;\"><strong>\u30fb\u7269\u4fa1\u4e0a\u6607\u3078\u306e\u5bfe\u7b56\u306b\u306f\u6295\u8cc7\u304c\u5fc5\u8981\u3068\u8003\u3048\u3066\u3044\u308b\u3000YES or NO<\/strong><\/span><\/p>\n<p><span style=\"font-size: 14pt;\"><a href=\"https:\/\/toushi-up.com\/ow\/05.html?argument=XJhet6w1&amp;dmai=a64e31f9ee75a0\"><strong>\u2192\u3000YES\u304c\uff13\u3064\u4ee5\u4e0a\u3060\u3063\u305f\u65b9\u306f\u3001\u3053\u3061\u3089\u3092\u30af\u30ea\u30c3\u30af<\/strong><\/a><\/span><\/p>\n<\/div>\n<\/div>\n<h2 data-path-to-node=\"64\">\u7b2c3\u7ae0\uff1a\u306e\u308c\u3093\u511f\u5374\u306b\u304a\u3051\u308b\u6ce8\u610f\u70b9\u3068\u5b9f\u52d9\u4e0a\u306e\u30ea\u30b9\u30af<\/h2>\n<p data-path-to-node=\"65\">M&amp;A\u306f\u4f01\u696d\u3092\u5927\u304d\u304f\u6210\u9577\u3055\u305b\u308b\u305f\u3081\u306e\u7279\u52b9\u85ac\u3067\u3059\u304c\u3001\u3053\u306e\u300c\u306e\u308c\u3093\u300d\u3068\u300c\u306e\u308c\u3093\u306e\u511f\u5374\u300d\u306e\u4ed5\u7d44\u307f\u3092\u6b63\u3057\u304f\u7ba1\u7406\u30fb\u30b3\u30f3\u30c8\u30ed\u30fc\u30eb\u3067\u304d\u306a\u3051\u308c\u3070\u3001\u4f01\u696d\u306e\u8ca1\u52d9\u5065\u5168\u6027\u3092\u4e00\u77ac\u3067\u7834\u58ca\u3059\u308b\u731b\u6bd2\u306b\u3082\u306a\u308a\u5f97\u307e\u3059\u3002\u5b9f\u52d9\u4e0a\u3001\u307e\u305f\u6295\u8cc7\u5224\u65ad\u3092\u884c\u3046\u4e0a\u3067\u5fc5\u305a\u62bc\u3055\u3048\u3066\u304a\u304f\u3079\u304d\u4e3b\u8981\u306a\u6ce8\u610f\u70b9\u3068\u30ea\u30b9\u30af\u3092\u6574\u7406\u3057\u307e\u3057\u3087\u3046\u3002<\/p>\n<h3 data-path-to-node=\"66\">1. \u300c\u306e\u308c\u3093\u306e\u904e\u5927\u8a55\u4fa1\uff08\u8cb7\u3044\u9ad8\u3059\u304e\u308bM&amp;A\uff09\u300d\u306e\u30ea\u30b9\u30af<\/h3>\n<p data-path-to-node=\"67\">M&amp;A\u306e\u73fe\u5834\u3067\u306f\u3001\u58f2\u308a\u624b\u4f01\u696d\u306b\u5bfe\u3057\u3066\u8907\u6570\u306e\u8cb7\u3044\u624b\u5019\u88dc\u304c\u624b\u3092\u6319\u3052\u308b\u300c\u5165\u672d\uff08\u30aa\u30fc\u30af\u30b7\u30e7\u30f3\uff09\u30d7\u30ed\u30bb\u30b9\u300d\u304c\u3088\u304f\u53d6\u3089\u308c\u307e\u3059\u3002<\/p>\n<p data-path-to-node=\"67\">\u3069\u3046\u3057\u3066\u3082\u305d\u306e\u4f01\u696d\u304c\u6b32\u3057\u3044\u8cb7\u3044\u624b\u4f01\u696d\u306f\u3001\u7af6\u5408\u4ed6\u793e\u306b\u52dd\u3064\u305f\u3081\u306b\u3001\u8cb7\u53ce\u4fa1\u683c\u3092\u3069\u3093\u3069\u3093\u91e3\u308a\u4e0a\u3052\u3066\u3057\u307e\u3046\u50be\u5411\u304c\u3042\u308a\u307e\u3059\u3002\u3053\u308c\u3092\u300c\u52dd\u8005\u306e\u546a\u3044\uff08Winner&#8217;s Curse\uff09\u300d\u3068\u547c\u3073\u307e\u3059\u3002<\/p>\n<p data-path-to-node=\"68\">\u51b7\u9759\u306a\u5e02\u5834\u4fa1\u5024\u304c10\u5104\u5186\u306e\u4f1a\u793e\u3092\u3001\u7af6\u5408\u306b\u52dd\u3061\u305f\u3044\u4e00\u5fc3\u306730\u5104\u5186\u3067\u8cb7\u3044\u53d6\u3063\u3066\u3057\u307e\u3063\u305f\u5834\u5408\u3001\u5dee\u984d\u306e20\u5104\u5186\u304c\u300c\u306e\u308c\u3093\u300d\u3068\u3057\u3066\u8a08\u4e0a\u3055\u308c\u307e\u3059\u3002<\/p>\n<p data-path-to-node=\"68\">\u306e\u308c\u3093\u304c\u5927\u304d\u304f\u306a\u308c\u3070\u306a\u308b\u307b\u3069\u3001<\/p>\n<ul data-path-to-node=\"69\">\n<li>\n<p data-path-to-node=\"69,0,0\">\u65e5\u672c\u57fa\u6e96\u3067\u3042\u308c\u3070\u3001<b data-path-to-node=\"69,0,0\" data-index-in-node=\"9\">\u6bce\u5e74\u306e\u511f\u5374\u8ca0\u62c5\u304c\u4e0d\u81ea\u7136\u306a\u307b\u3069\u91cd\u304f\u306a\u308a<\/b>\u3001\u81ea\u793e\u306e\u65e2\u5b58\u30d3\u30b8\u30cd\u30b9\u306e\u7a3c\u304e\u307e\u3067\u98df\u3044\u3064\u3076\u3057\u3066\u3057\u307e\u3046\u3002<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"69,1,0\">IFRS\u3067\u3042\u308c\u3070\u3001<b data-path-to-node=\"69,1,0\" data-index-in-node=\"9\">\u5c06\u6765\u696d\u7e3e\u304c\u5c11\u3057\u3067\u3082\u4e0b\u632f\u308c\u3057\u305f\u77ac\u9593\u306b\u3001\u5de8\u984d\u306e\u6e1b\u640d\u30ea\u30b9\u30af\u304c\u9855\u5728\u5316\u3059\u308b<\/b>\u3002<\/p>\n<\/li>\n<\/ul>\n<p data-path-to-node=\"70\">\u3068\u3044\u3046\u30b8\u30ec\u30f3\u30de\u306b\u9665\u308a\u307e\u3059\u3002M&amp;A\u306e\u6210\u5426\u306f\u3001\u8cb7\u53ce\u5f8c\u306e\u30b7\u30ca\u30b8\u30fc\u3082\u3055\u308b\u3053\u3068\u306a\u304c\u3089\u3001\u300c\u3044\u304f\u3089\u3067\u8cb7\u3063\u305f\u304b\uff08\u306e\u308c\u3093\u3092\u3044\u304f\u3089\u306b\u6291\u3048\u3089\u308c\u305f\u304b\uff09\u300d\u3068\u3044\u3046\u5165\u308a\u53e3\u306e\u8a2d\u8a08\u304c\u6975\u3081\u3066\u91cd\u8981\u3067\u3059\u3002<\/p>\n<h3 data-path-to-node=\"71\">2. \u8cb7\u53ce\u5f8c\u306e\u7d71\u5408\u30d7\u30ed\u30bb\u30b9\uff08PMI\uff09\u306e\u6210\u5426\u3068\u511f\u5374\u30fb\u6e1b\u640d\u306e\u95a2\u4fc2<\/h3>\n<p data-path-to-node=\"72\">\u306e\u308c\u3093\u306e\u4fa1\u5024\u3092\u7dad\u6301\u3057\u3001\u511f\u5374\u8ca0\u62c5\u3092\u4e0a\u56de\u308b\u5229\u76ca\u3092\u51fa\u3059\u305f\u3081\u306b\u306f\u3001\u8cb7\u53ce\u3057\u305f\u5f8c\u306ePMI\uff08Post Merger Integration\uff1a\u8cb7\u53ce\u5f8c\u306e\u7d71\u5408\u30d7\u30ed\u30bb\u30b9\uff09\u304c\u6700\u3082\u91cd\u8981\u3067\u3059\u3002<\/p>\n<p data-path-to-node=\"73\">\u3069\u308c\u307b\u3069\u7d20\u6674\u3089\u3057\u3044\u6280\u8853\u3092\u6301\u3064\u4f1a\u793e\u3092\u8cb7\u53ce\u3057\u3066\u3082\u3001<\/p>\n<ul data-path-to-node=\"74\">\n<li>\n<p data-path-to-node=\"74,0,0\">\u8cb7\u53ce\u5f8c\u306b\u8cb7\u3044\u624b\u4f01\u696d\u304c\u62bc\u3057\u4ed8\u3051\u305f\u975e\u52b9\u7387\u306a\u30eb\u30fc\u30eb\u306b\u53cd\u767a\u3057\u3001<b data-path-to-node=\"74,0,0\" data-index-in-node=\"27\">\u512a\u79c0\u306a\u30ad\u30fc\u30de\u30f3\uff08\u6280\u8853\u8005\u3084\u30c8\u30c3\u30d7\u55b6\u696d\uff09\u304c\u5168\u54e1\u8f9e\u3081\u3066\u3057\u307e\u3063\u305f<\/b><\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"74,1,0\">\u30b7\u30b9\u30c6\u30e0\u3084\u7406\u5ff5\u304c\u7d71\u5408\u3067\u304d\u305a\u3001\u73fe\u5834\u304c\u6df7\u4e71\u3057\u3066<b data-path-to-node=\"74,1,0\" data-index-in-node=\"21\">\u9867\u5ba2\u96e2\u308c\u304c\u8d77\u304d\u305f<\/b><\/p>\n<\/li>\n<\/ul>\n<p data-path-to-node=\"75\">\u3068\u306a\u3063\u3066\u3057\u307e\u3048\u3070\u3001B\/S\u4e0a\u306e\u300c\u306e\u308c\u3093\u300d\u306f\u305f\u3060\u306e\u30cf\u30ea\u30dc\u30c6\uff08\u4e2d\u8eab\u306e\u306a\u3044\u4fa1\u5024\uff09\u306b\u6210\u308a\u4e0b\u304c\u308a\u307e\u3059\u3002<\/p>\n<p data-path-to-node=\"75\">\u306e\u308c\u3093\u3092\u511f\u5374\u3057\u3066\u3044\u304f\u671f\u9593\u3001\u3042\u308b\u3044\u306f\u6bce\u5e74\u6e1b\u640d\u30c6\u30b9\u30c8\u3092\u884c\u3046\u671f\u9593\u306f\u3001\u5e38\u306b\u300cPMI\u304c\u3046\u307e\u304f\u3044\u3063\u3066\u3044\u308b\u304b\u300d\u3068\u30bb\u30c3\u30c8\u3067\u8a55\u4fa1\u3055\u308c\u306a\u3051\u308c\u3070\u306a\u308a\u307e\u305b\u3093\u3002\u4f01\u696d\u306e\u7d71\u5408\u304c\u9045\u308c\u308b\u3053\u3068\u306f\u3001\u3059\u306a\u308f\u3061\u306e\u308c\u3093\u306e\u4fa1\u5024\u306e\u76ee\u6e1b\u308a\uff08\uff1d\u6e1b\u640d\u30fb\u511f\u5374\u8ca0\u62c5\u306e\u5897\u52a0\uff09\u3092\u610f\u5473\u3057\u307e\u3059\u3002<\/p>\n<h3 data-path-to-node=\"76\">3. \u4f1a\u8a08\u57fa\u6e96\u5909\u66f4\uff08\u65e5\u672c\u57fa\u6e96\u21d4IFRS\uff09\u304c\u3082\u305f\u3089\u3059\u300c\u898b\u304b\u3051\u306e\u5229\u76ca\u300d\u306e\u7f60<\/h3>\n<p data-path-to-node=\"77\">\u4e0a\u5834\u4f01\u696d\u306e\u6c7a\u7b97\u767a\u8868\u3092\u898b\u308b\u969b\u3001\u6295\u8cc7\u5bb6\u304c\u6700\u3082\u6ce8\u610f\u3057\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u306e\u304c\u3001\u300c\u65e5\u672c\u57fa\u6e96\u304b\u3089IFRS\u3078\u79fb\u884c\u3057\u305f\u3053\u3068\u3067\u3001\u5229\u76ca\u304c\u6025\u5897\u3057\u305f\u3088\u3046\u306b\u898b\u3048\u308b\u73fe\u8c61\u300d\u3067\u3059\u3002<\/p>\n<p data-path-to-node=\"78\">M&amp;A\u3092\u7a4d\u6975\u7684\u306b\u884c\u3044\u3001\u306e\u308c\u3093\u3092\u591a\u304f\u62b1\u3048\u3066\u3044\u308b\u4f01\u696d\u304c\u3001\u4f1a\u8a08\u57fa\u6e96\u3092\u65e5\u672c\u57fa\u6e96\u304b\u3089IFRS\u306b\u5207\u308a\u66ff\u3048\u308b\u3068\u3001\u3053\u308c\u307e\u3067\u6bce\u5e74\u5f15\u304b\u308c\u3066\u3044\u305f\u591a\u984d\u306e\u300c\u306e\u308c\u3093\u511f\u5374\u8cbb\u300d\u304c\u4e00\u77ac\u3067\u300c\u30bc\u30ed\u300d\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n<blockquote data-path-to-node=\"79\">\n<p data-path-to-node=\"79,0\"><b data-path-to-node=\"79,0\" data-index-in-node=\"0\">\u4f8b\uff1a\u3042\u308b\u4f01\u696d\u306e\u4f1a\u8a08\u57fa\u6e96\u79fb\u884c\u30b1\u30fc\u30b9<\/b><\/p>\n<ul data-path-to-node=\"79,1\">\n<li>\n<p data-path-to-node=\"79,1,0,0\">\u65e5\u672c\u57fa\u6e96\u3067\u306e\u55b6\u696d\u5229\u76ca\uff1a100\u5104\u5186\uff08\u306e\u308c\u3093\u511f\u5374\u8cbb 30\u5104\u5186\u3092\u5f15\u3044\u305f\u5f8c\uff09<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"79,1,1,0\">IFRS\u3078\u79fb\u884c\uff1a\u306e\u308c\u3093\u511f\u5374\u8cbb30\u5104\u5186\u306e\u8a08\u4e0a\u304c\u4e0d\u8981\u306b\u306a\u308b\u305f\u3081\u3001<b data-path-to-node=\"79,1,1,0\" data-index-in-node=\"30\">\u55b6\u696d\u5229\u76ca\u306f\u4f55\u3082\u5909\u308f\u3063\u3066\u3044\u306a\u3044\u306e\u306b\u300c130\u5104\u5186\u300d\u3078\u6025\u5897\u3059\u308b<\/b>\u3002<\/p>\n<\/li>\n<\/ul>\n<\/blockquote>\n<p data-path-to-node=\"80\">\u3053\u308c\u3092\u300c\u672c\u696d\u304c\u7d76\u597d\u8abf\u306b\u306a\u3063\u305f\uff01\u300d\u3068\u52d8\u9055\u3044\u3057\u3066\u306f\u3044\u3051\u307e\u305b\u3093\u3002\u3053\u308c\u306f\u5358\u306a\u308b\u4f1a\u8a08\u4e0a\u306e\u30eb\u30fc\u30eb\u306e\u9b54\u6cd5\u3067\u3042\u308a\u3001\u4f01\u696d\u306e\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\uff08\u5b9f\u969b\u306e\u73fe\u91d1\u306e\u51fa\u5165\u308a\uff09\u3084\u4e8b\u696d\u306e\u7a3c\u3050\u529b\u306f1\u5186\u3082\u5897\u3048\u3066\u3044\u306a\u3044\u306e\u3067\u3059\u3002<\/p>\n<p data-path-to-node=\"80\">\u3080\u3057\u308d\u3001\u5c06\u6765\u306e\u300c\u6e1b\u640d\u30ea\u30b9\u30af\u300d\u3092\u88cf\u3067\u5927\u304d\u304f\u6e9c\u3081\u8fbc\u3093\u3067\u3044\u308b\u3053\u3068\u306e\u88cf\u8fd4\u3057\u3067\u3082\u3042\u308b\u305f\u3081\u3001\u8868\u9762\u7684\u306a\u300c\u5897\u76ca\u300d\u306e\u30cb\u30e5\u30fc\u30b9\u306b\u9a19\u3055\u308c\u306a\u3044\u30ea\u30c6\u30e9\u30b7\u30fc\u304c\u5fc5\u8981\u3067\u3059\u3002<\/p>\n<h2 data-path-to-node=\"82\">\u7b2c4\u7ae0\uff1a\u4e0a\u5834\u4f01\u696d\u306eM&amp;A\u306b\u304a\u3051\u308b\u300c\u8ca0\u306e\u306e\u308c\u3093\u300d\u3068\u305d\u306e\u5f71\u97ff<\/h2>\n<p data-path-to-node=\"83\">\u3055\u3066\u3001\u3053\u3053\u307e\u3067\u306f\u300c\u6642\u4fa1\u7d14\u8cc7\u7523\u3088\u308a\u3082<b data-path-to-node=\"83\" data-index-in-node=\"17\">\u9ad8\u304f<\/b>\u8cb7\u3063\u305f\u5834\u5408\u300d\u306b\u767a\u751f\u3059\u308b\u300c\uff08\u6b63\u306e\uff09\u306e\u308c\u3093\u300d\u306b\u3064\u3044\u3066\u89e3\u8aac\u3057\u3066\u304d\u307e\u3057\u305f\u3002<\/p>\n<p data-path-to-node=\"83\">\u3057\u304b\u3057\u3001M&amp;A\u306e\u4e16\u754c\u306b\u306f\u305d\u306e\u771f\u9006\u3001\u3064\u307e\u308a\u300c\u6642\u4fa1\u7d14\u8cc7\u7523\u3088\u308a\u3082\u5b89\u304f\u8cb7\u3063\u305f\u5834\u5408\u300d<b data-path-to-node=\"83\" data-index-in-node=\"90\">\u306b\u767a\u751f\u3059\u308b\u4e0d\u601d\u8b70\u306a\u6982\u5ff5\u304c\u5b58\u5728\u3057\u307e\u3059\u3002\u305d\u308c\u304c<\/b>\u300c\u8ca0\u306e\u306e\u308c\u3093\uff08Negative Goodwill\uff09\u300d\u3067\u3059\u3002<\/p>\n<p data-path-to-node=\"84\">\u4e0a\u5834\u4f01\u696d\u306eM&amp;A\u306b\u304a\u3044\u3066\u3001\u3053\u306e\u300c\u8ca0\u306e\u306e\u308c\u3093\u300d\u306f\u975e\u5e38\u306b\u30e6\u30cb\u30fc\u30af\u3001\u304b\u3064\u3068\u304d\u306b\u7269\u8b70\u3092\u91b8\u3059\u5927\u304d\u306a\u30c6\u30fc\u30de\u3068\u306a\u308a\u307e\u3059\u3002\u305d\u306e\u4ed5\u7d44\u307f\u3068\u5f71\u97ff\u3092\u6df1\u304f\u6398\u308a\u4e0b\u3052\u3066\u307f\u307e\u3057\u3087\u3046\u3002<\/p>\n<h3 data-path-to-node=\"85\">1. \u300c\u8ca0\u306e\u306e\u308c\u3093\u300d\u3068\u306f\u4f55\u304b\uff1f\uff08\u767a\u751f\u3059\u308b\u30e1\u30ab\u30cb\u30ba\u30e0\uff09<\/h3>\n<p data-path-to-node=\"86\">\u300c\u8ca0\u306e\u306e\u308c\u3093\u300d\u3068\u306f\u3001<b data-path-to-node=\"86\" data-index-in-node=\"10\">\u8cb7\u53ce\u5bfe\u4fa1\uff08\u652f\u6255\u3063\u305f\u304a\u91d1\uff09\u304c\u3001\u8cb7\u53ce\u3057\u305f\u4f01\u696d\u306e\u6642\u4fa1\u7d14\u8cc7\u7523\uff08\u7d14\u8ca1\u7523\uff09\u3092\u4e0b\u56de\u3063\u305f\u5834\u5408\u306b\u767a\u751f\u3059\u308b\u5dee\u984d<\/b>\u306e\u3053\u3068\u3067\u3059\u3002<\/p>\n<p data-path-to-node=\"87\" id=\"p-rc_6f0ba9d57ab83910-139\">\u666e\u901a\u306b\u8003\u3048\u308b\u3068\u3001\u3042\u308a\u5f97\u306a\u3044\u3088\u3046\u306b\u601d\u3048\u307e\u3059\u3088\u306d\u3002<\/p>\n<p data-path-to-node=\"87\" id=\"p-rc_6f0ba9d57ab83910-139\"><span class=\"citation-261\">\u300c\u6642\u4fa13\u5104\u5186\u306e\u4fa1\u5024\u304c\u3042\u308b\u5bb6\uff08\u7d14\u8cc7\u75233\u5104\u5186\uff09\u3092\u3001\u306a\u305c\u304b2\u5104\u5186\uff08\u8cb7\u53ce\u984d\uff09\u3067\u8b72\u3063\u3066\u3082\u3089\u3048\u305f\u300d\u3088\u3046\u306a\u72b6\u614b\u3067\u3059\u3002\u3053\u306e\u5dee\u984d\u3067\u3042\u308b<\/span><b data-path-to-node=\"87\" data-index-in-node=\"82\"><span class=\"citation-261\">1\u5104\u5186<\/span><\/b><span class=\"citation-261 citation-end-261\">\u304c\u300c\u8ca0\u306e\u306e\u308c\u3093\u300d\u3068\u306a\u308a\u307e\u3059\u3002<source-footnote ng-version=\"0.0.0-PLACEHOLDER\" _nghost-ng-c1269175633=\"\"><sup _ngcontent-ng-c1269175633=\"\" class=\"superscript\" data-turn-source-index=\"6\"><\/sup><\/source-footnote><\/span><sources-carousel-inline ng-version=\"0.0.0-PLACEHOLDER\" _nghost-ng-c2012047434=\"\"><source-inline-chip _ngcontent-ng-c2012047434=\"\" _nghost-ng-c124228188=\"\" class=\"ng-star-inserted\"><\/source-inline-chip><\/sources-carousel-inline><\/p>\n<p><response-element class=\"\" ng-version=\"0.0.0-PLACEHOLDER\"><code-block _nghost-ng-c3241222747=\"\" class=\"ng-tns-c3241222747-245 enable-luminous-code-block ng-star-inserted\"><\/code-block><\/response-element><\/p>\n<div _ngcontent-ng-c3241222747=\"\" class=\"code-block ng-tns-c3241222747-245 ng-animate-disabled ng-trigger ng-trigger-codeBlockRevealAnimation\" jslog=\"223238;track:impression,attention;BardVeMetadataKey:[[&quot;r_ce68251ccc648f45&quot;,&quot;c_0387683d69fe10af&quot;,null,&quot;rc_6f0ba9d57ab83910&quot;,null,null,&quot;en&quot;,null,1,null,null,1,0]]\">\n<div _ngcontent-ng-c3241222747=\"\" class=\"formatted-code-block-internal-container ng-tns-c3241222747-245\">\n<div _ngcontent-ng-c3241222747=\"\" class=\"animated-opacity ng-tns-c3241222747-245\">\n<pre _ngcontent-ng-c3241222747=\"\" class=\"ng-tns-c3241222747-245\"><code _ngcontent-ng-c3241222747=\"\" role=\"text\" data-test-id=\"code-content\" class=\"code-container formatted ng-tns-c3241222747-245 no-decoration-radius\">\u6642\u4fa1\u7d14\u8cc7\u7523\uff083\u5104\u5186\uff09 \u2212 \u8cb7\u53ce\u984d\uff082\u5104\u5186\uff09 \uff1d \u8ca0\u306e\u306e\u308c\u3093\uff081\u5104\u5186\uff09\r\n<\/code><\/pre>\n<\/div>\n<\/div>\n<\/div>\n<p>&nbsp;<\/p>\n<h4 data-path-to-node=\"89\">\u306a\u305c\u305d\u3093\u306a\u300c\u5b89\u5024\u3067\u306e\u8cb7\u53ce\u300d\u304c\u6210\u7acb\u3059\u308b\u306e\u304b\uff1f<\/h4>\n<p data-path-to-node=\"90\">\u58f2\u308a\u624b\u4f01\u696d\u306b\u3068\u3063\u3066\u3001\u672c\u6765\u306e\u8ca1\u7523\u4fa1\u5024\u3088\u308a\u5b89\u304f\u8cb7\u3044\u53e9\u304b\u308c\u308b\u306e\u306b\u306f\u3001\u4ee5\u4e0b\u306e\u3088\u3046\u306a\u5207\u5b9f\u306a\u3001\u3042\u308b\u3044\u306f\u69cb\u9020\u7684\u306a\u7406\u7531\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<ol start=\"1\" data-path-to-node=\"91\">\n<li>\n<p data-path-to-node=\"91,0,0\"><b data-path-to-node=\"91,0,0\" data-index-in-node=\"0\">\u7c3f\u5916\u50b5\u52d9\u3084\u5c06\u6765\u306e\u4e8b\u696d\u30ea\u30b9\u30af\uff08\u5076\u767a\u50b5\u52d9\uff09\u304c\u3042\u308b<\/b>\uff1a<\/p>\n<p data-path-to-node=\"91,0,0\">\u300c\u5e33\u7c3f\u4e0a\u306f3\u5104\u5186\u306e\u7d14\u8cc7\u7523\u304c\u3042\u308b\u3051\u308c\u3069\u3001\u5b9f\u306f\u5c06\u6765\u3001\u5927\u898f\u6a21\u306a\u74b0\u5883\u6c5a\u67d3\u306e\u30af\u30ea\u30fc\u30f3\u30a2\u30c3\u30d7\u8cbb\u7528\u304c\u767a\u751f\u3059\u308b\u304b\u3082\u3057\u308c\u306a\u3044\u300d\u300c\u4fc2\u4e89\u4e2d\u306e\u88c1\u5224\u3067\u8ca0\u3051\u3066\u591a\u984d\u306e\u8ce0\u511f\u91d1\u3092\u6255\u3046\u30ea\u30b9\u30af\u304c\u3042\u308b\u300d\u3068\u3044\u3063\u305f\u5834\u5408\u3001\u305d\u306e\u30ea\u30b9\u30af\u5206\u3092\u5dee\u3057\u5f15\u3044\u3066\u3001\u5b89\u5024\u3067\u53d6\u5f15\u3055\u308c\u307e\u3059\u3002<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"91,1,0\"><b data-path-to-node=\"91,1,0\" data-index-in-node=\"0\">\u696d\u7e3e\u304c\u6975\u3081\u3066\u60aa\u304f\u3001\u81ea\u529b\u3067\u306e\u5b58\u7d9a\u304c\u96e3\u3057\u3044\uff08\u5012\u7523\u5bf8\u524d\uff09<\/b>\uff1a<\/p>\n<p data-path-to-node=\"91,1,0\">\u8d64\u5b57\u3092\u5782\u308c\u6d41\u3057\u7d9a\u3051\u3066\u304a\u308a\u3001\u3053\u306e\u307e\u307e\u3067\u306f\u9060\u304b\u3089\u305a\u5012\u7523\u3057\u3066\u3057\u307e\u3046\u4f01\u696d\u306e\u5834\u5408\u3001\u30aa\u30fc\u30ca\u30fc\u3084\u89aa\u4f1a\u793e\u306f\u300c1\u5186\u3067\u3082\u3044\u3044\u304b\u3089\u5f15\u304d\u53d6\u3063\u3066\u501f\u91d1\u3084\u96c7\u7528\u3092\u80a9\u4ee3\u308f\u308a\u3057\u3066\u307b\u3057\u3044\u300d\u3068\u61c7\u9858\u3057\u307e\u3059\u3002\u3044\u308f\u3086\u308b\u300c\u6551\u6e08\u578bM&amp;A\u300d\u3067\u306f\u3001\u8ca0\u306e\u306e\u308c\u3093\u304c\u65e5\u5e38\u7684\u306b\u767a\u751f\u3057\u307e\u3059\u3002<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"91,2,0\"><b data-path-to-node=\"91,2,0\" data-index-in-node=\"0\">\u696d\u754c\u5168\u4f53\u306e\u8870\u9000\u3084\u6d41\u52d5\u6027\u306e\u4f4e\u3055<\/b>\uff1a<\/p>\n<p data-path-to-node=\"91,2,0\">\u8cb7\u3044\u624b\u304c\u6975\u3081\u3066\u5c11\u306a\u304f\u3001\u58f2\u308a\u624b\u304c\u4eca\u3059\u3050\u306b\u3067\u3082\u4e8b\u696d\u3092\u305f\u305f\u307f\u305f\u3044\u3001\u3042\u308b\u3044\u306f\u518d\u7de8\u3092\u6025\u304e\u305f\u3044\u5834\u5408\u3001\u8cb7\u3044\u624b\u5e02\u5834\u3068\u306a\u308a\u3001\u5b9f\u8cea\u7684\u306a\u89e3\u6563\u4fa1\u5024\uff08\u7d14\u8cc7\u7523\uff09\u3092\u4e0b\u56de\u308b\u4fa1\u683c\u3067\u306e\u8cb7\u53ce\u304c\u6210\u7acb\u3059\u308b\u3053\u3068\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<\/li>\n<\/ol>\n<h3 data-path-to-node=\"93\">2. \u300c\u8ca0\u306e\u306e\u308c\u3093\u300d\u306e\u4f1a\u8a08\u51e6\u7406\uff1a\u4e00\u77ac\u3067\u5439\u304d\u51fa\u3059\u300c\u6253\u3061\u51fa\u306e\u5c0f\u69cc\u300d<\/h3>\n<p data-path-to-node=\"94\" id=\"p-rc_6f0ba9d57ab83910-140\"><span class=\"citation-260\">\u6b63\u306e\u306e\u308c\u3093\u306f\u300c\u8cc7\u7523\u300d\u3068\u3057\u3066\u8a08\u4e0a\u3055\u308c\u3001\u9577\u5e74\u306b\u308f\u305f\u3063\u3066\u511f\u5374\uff08\u8cbb\u7528\u5316\uff09\u3055\u308c\u307e\u3059\u304c\u3001<\/span><b data-path-to-node=\"94\" data-index-in-node=\"38\"><span class=\"citation-260\">\u300c\u8ca0\u306e\u306e\u308c\u3093\u300d\u306e\u4f1a\u8a08\u51e6\u7406\u306f\u5168\u304f\u7570\u306a\u308a\u307e\u3059<\/span><\/b><span class=\"citation-260 citation-end-260\">\u3002<source-footnote ng-version=\"0.0.0-PLACEHOLDER\" _nghost-ng-c1269175633=\"\"><sup _ngcontent-ng-c1269175633=\"\" class=\"superscript\" data-turn-source-index=\"7\"><\/sup><\/source-footnote><\/span><sources-carousel-inline ng-version=\"0.0.0-PLACEHOLDER\" _nghost-ng-c2012047434=\"\"><source-inline-chip _ngcontent-ng-c2012047434=\"\" _nghost-ng-c124228188=\"\" class=\"ng-star-inserted\"><\/source-inline-chip><\/sources-carousel-inline><\/p>\n<p data-path-to-node=\"95\">\u65e5\u672c\u57fa\u6e96\u30fbIFRS\u3068\u3082\u306b\u3001\u8ca0\u306e\u306e\u308c\u3093\u304c\u767a\u751f\u3057\u305f\u5834\u5408\u306f\u3001\u305d\u306e\u767a\u751f\u3057\u305f\u4e8b\u696d\u5e74\u5ea6\u306e\u6c7a\u7b97\u306b\u304a\u3044\u3066\u3001<b data-path-to-node=\"95\" data-index-in-node=\"45\">\u300c\u8ca0\u306e\u306e\u308c\u3093\u767a\u751f\u76ca\u300d\u3068\u3057\u3066\u3001\u5168\u984d\u3092\u4e00\u62ec\u3067\u300c\u7279\u5225\u5229\u76ca\uff08\u5229\u76ca\uff09\u300d\u3068\u3057\u3066\u8a08\u4e0a\u3057\u306a\u3051\u308c\u3070\u306a\u308a\u307e\u305b\u3093<\/b>\u3002<\/p>\n<h4 data-path-to-node=\"96\" id=\"p-rc_6f0ba9d57ab83910-141\"><span class=\"citation-259 citation-end-259\">\u8ca0\u306e\u306e\u308c\u3093\u767a\u751f\u6642\u306e\u4ed5\u8a33\uff08\u4f8b\uff1a\u7d14\u8cc7\u75233\u5104\u5186\u30922\u5104\u5186\u3067\u8cb7\u53ce\uff09<source-footnote ng-version=\"0.0.0-PLACEHOLDER\" _nghost-ng-c1269175633=\"\"><sup _ngcontent-ng-c1269175633=\"\" class=\"superscript\" data-turn-source-index=\"8\"><\/sup><\/source-footnote><\/span><sources-carousel-inline ng-version=\"0.0.0-PLACEHOLDER\" _nghost-ng-c2012047434=\"\"><source-inline-chip _ngcontent-ng-c2012047434=\"\" _nghost-ng-c124228188=\"\" class=\"ng-star-inserted\"><\/source-inline-chip><\/sources-carousel-inline><\/h4>\n<table data-path-to-node=\"97\">\n<thead>\n<tr>\n<td><strong>\u501f\u65b9\u79d1\u76ee<\/strong><\/td>\n<td><strong>\u91d1\u984d<\/strong><\/td>\n<td><strong>\u8cb8\u65b9\u79d1\u76ee<\/strong><\/td>\n<td><strong>\u91d1\u984d<\/strong><\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><span data-path-to-node=\"97,1,0,0\"><b data-path-to-node=\"97,1,0,0\" data-index-in-node=\"0\">\u8af8\u8cc7\u7523\uff08\u7d14\u984d\uff09<\/b>\uff08\u8cc7\u7523\uff09<\/span><\/td>\n<td><span data-path-to-node=\"97,1,1,0\">3\u5104\u5186<\/span><\/td>\n<td><span data-path-to-node=\"97,1,2,0\"><b data-path-to-node=\"97,1,2,0\" data-index-in-node=\"0\">\u73fe\u91d1\u9810\u91d1<\/b>\uff08\u8cc7\u7523\u306e\u30de\u30a4\u30ca\u30b9\uff09<\/span><\/td>\n<td><span data-path-to-node=\"97,1,3,0\">2\u5104\u5186<\/span><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><span data-path-to-node=\"97,2,2,0\"><b data-path-to-node=\"97,2,2,0\" data-index-in-node=\"0\">\u8ca0\u306e\u306e\u308c\u3093\u767a\u751f\u76ca<\/b>\uff08\u7279\u5225\u5229\u76ca\uff09<\/span><\/td>\n<td><span data-path-to-node=\"97,2,3,0\">1\u5104\u5186<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h4 data-path-to-node=\"98\">\u3053\u308c\u304c\u4f01\u696d\u696d\u7e3e\u306b\u4e0e\u3048\u308b\u300c\u5287\u7684\u306a\u300d\u5f71\u97ff<\/h4>\n<p data-path-to-node=\"99\">\u3053\u306e\u4f1a\u8a08\u51e6\u7406\u6700\u5927\u306e\u30dd\u30a4\u30f3\u30c8\u306f\u3001\u300cM&amp;A\u3092\u3057\u305f\u77ac\u9593\u306b\u3001\u4f1a\u793e\u306e\u5f53\u671f\u7d14\u5229\u76ca\u304c\u8df3\u306d\u4e0a\u304c\u308b\u300d\u3068\u3044\u3046\u70b9\u3067\u3059\u3002<\/p>\n<p data-path-to-node=\"99\">\u8cb7\u53ce\u3057\u305f\u5b50\u4f1a\u793e\u304c\u305d\u306e\u5f8c1\u5186\u3082\u7a3c\u3044\u3067\u3044\u306a\u304f\u3066\u3082\u3001\u5b89\u304f\u8cb7\u3048\u305f\u3068\u3044\u3046\u300c\u53d6\u5f15\u306e\u6b6a\u307f\u300d\u3060\u3051\u3067\u3001\u9023\u7d50\u6c7a\u7b97\u306e\u6700\u7d42\u5229\u76ca\u306b\u30c9\u30ab\u30f3\u3068\u5de8\u5927\u306a\u5229\u76ca\u304c\u4e0a\u4e57\u305b\u3055\u308c\u307e\u3059\u3002<\/p>\n<p data-path-to-node=\"100\">\u3053\u308c\u304c\u3001\u306e\u3061\u306b\u89e3\u8aac\u3059\u308b\u300c\u8ca0\u306e\u306e\u308c\u3093\u3092\u5229\u7528\u3057\u305f\u3001\u898b\u304b\u3051\u4e0a\u306e\u696d\u7e3e\u5411\u4e0a\u3092\u72d9\u3046M&amp;A\u300d\u3068\u3044\u3046\u4e00\u90e8\u4f01\u696d\u306e\u6226\u7565\u3092\u751f\u307f\u51fa\u3059\u6e29\u5e8a\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n<h3 data-path-to-node=\"102\">3. \u4e0a\u5834\u4f01\u696d\u306b\u304a\u3051\u308b\u300c\u8ca0\u306e\u306e\u308c\u3093\u300d\u306e\u30e1\u30ea\u30c3\u30c8\u3068\u30c7\u30e1\u30ea\u30c3\u30c8\uff08\u5149\u3068\u5f71\uff09<\/h3>\n<table data-path-to-node=\"103\">\n<thead>\n<tr>\n<td><strong>\u5074\u9762<\/strong><\/td>\n<td><strong>\u30e1\u30ea\u30c3\u30c8\uff08\u5149\uff09<\/strong><\/td>\n<td><strong>\u30c7\u30e1\u30ea\u30c3\u30c8\uff08\u5f71\u30fb\u30ea\u30b9\u30af\uff09<\/strong><\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><span data-path-to-node=\"103,1,0,0\"><b data-path-to-node=\"103,1,0,0\" data-index-in-node=\"0\">\u8ca1\u52d9\u9762<\/b><\/span><\/td>\n<td>\n<p data-path-to-node=\"103,1,1,0\">* <b data-path-to-node=\"103,1,1,0\" data-index-in-node=\"2\">\u4e00\u62ec\u3067\u5de8\u984d\u306e\u7279\u5225\u5229\u76ca<\/b>\u304c\u8a08\u4e0a\u3055\u308c\u3001\u305d\u306e\u671f\u306e\u7d14\u5229\u76ca\u304c\u6025\u62e1\u5927\u3059\u308b\u3002<\/p>\n<p><br data-path-to-node=\"103,1,1,1\" \/><\/p>\n<p data-path-to-node=\"103,1,1,2\">* \u81ea\u5df1\u8cc7\u672c\u304c\u539a\u304f\u306a\u308a\u3001\u4e00\u6642\u7684\u306b\u8ca1\u52d9\u30ec\u30b7\u30aa\uff08ROE\u306a\u3069\uff09\u304c\u826f\u304f\u898b\u3048\u308b\u3002<\/p>\n<\/td>\n<td>\n<p data-path-to-node=\"103,1,2,0\">* \u3042\u304f\u307e\u3067**\u300c\u4e00\u56de\u9650\u308a\u306e\u975e\u30ad\u30e3\u30c3\u30b7\u30e5\u4ee3\u66ff\u5229\u76ca\u300d*\u3067\u3042\u308a\u3001\u7fcc\u671f\u4ee5\u964d\u306e\u6301\u7d9a\u7684\u306a\u53ce\u76ca\u529b\uff08\u55b6\u696d\u5229\u76ca\uff09\u3092\u4fdd\u8a3c\u3059\u308b\u3082\u306e\u3067\u306f\u306a\u3044\u3002<\/p>\n<p><br data-path-to-node=\"103,1,2,1\" \/><\/p>\n<p data-path-to-node=\"103,1,2,2\">\u7a0e\u5236\u4e0a\u306e\u51e6\u7406\u3068\u306e\u30ae\u30e3\u30c3\u30d7\u306b\u3088\u308a\u3001\u5c06\u6765\u306e\u7a0e\u8ca0\u62c5\u306b\u6b6a\u307f\u304c\u751f\u3058\u308b\u3053\u3068\u304c\u3042\u308b\u3002<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td><span data-path-to-node=\"103,2,0,0\"><b data-path-to-node=\"103,2,0,0\" data-index-in-node=\"0\">\u4e8b\u696d\u9762<\/b><\/span><\/td>\n<td><span data-path-to-node=\"103,2,1,0\">* <b data-path-to-node=\"103,2,1,0\" data-index-in-node=\"2\">\u5272\u5b89\u306a\u4fa1\u683c<\/b>\u3067\u8a2d\u5099\u3001\u7279\u8a31\u3001\u30e9\u30a4\u30bb\u30f3\u30b9\u3001\u9867\u5ba2\u57fa\u76e4\u3001\u6709\u5f62\u8cc7\u7523\uff08\u571f\u5730\u306a\u3069\uff09\u3092\u624b\u306b\u5165\u308c\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u3002<\/span><\/td>\n<td><span data-path-to-node=\"103,2,2,0\">* \u5b89\u304f\u8cb7\u3048\u305f\u3068\u3044\u3046\u3053\u3068\u306f\u3001\u305d\u308c\u3060\u3051**\u300c\u554f\u984c\u3092\u62b1\u3048\u305f\u4f01\u696d\u300d**\u3067\u3042\u308b\u53ef\u80fd\u6027\u304c\u6975\u3081\u3066\u9ad8\u304f\u3001\u8cb7\u53ce\u5f8c\u306b\u8d64\u5b57\u306e\u5782\u308c\u6d41\u3057\u3092\u6b62\u3081\u308b\u305f\u3081\u306e\u7d4c\u55b6\u518d\u5efa\uff08PMI\uff09\u304c\u975e\u5e38\u306b\u56f0\u96e3\u3002<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p data-path-to-node=\"104\">\u6700\u5927\u306e\u30ea\u30b9\u30af\u306f\u3001\u300c\u5b89\u7269\u8cb7\u3044\u306e\u92ad\u5931\u3044\u300d\u3067\u3059\u3002<\/p>\n<p data-path-to-node=\"104\">1\u5104\u5186\u306e\u5229\u76ca\u3092\u7279\u5225\u5229\u76ca\u3068\u3057\u3066\u8a08\u4e0a\u3067\u304d\u305f\u3068\u3057\u3066\u3082\u3001\u8cb7\u53ce\u3057\u305f\u4f01\u696d\u304c\u6bce\u5e742\u5104\u5186\u306e\u8d64\u5b57\u3092\u5782\u308c\u6d41\u3059\u30be\u30f3\u30d3\u4f01\u696d\u3067\u3042\u308c\u3070\u30012\u5e74\u76ee\u4ee5\u964d\u306f\u9023\u7d50\u5168\u4f53\u306e\u55b6\u696d\u5229\u76ca\u3084\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u3092\u6025\u901f\u306b\u8755\u3093\u3067\u3044\u304d\u307e\u3059\u3002\u7d50\u679c\u3068\u3057\u3066\u3001\u4e00\u6642\u7684\u306a\u30c9\u30fc\u30d4\u30f3\u30b0\u5229\u76ca\u306e\u30c4\u30b1\u3092\u3001\u305d\u306e\u5f8c\u306e\u6570\u5e74\u9593\u3067\u91cd\u304f\u652f\u6255\u3046\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n<div class=\"xcd-attention-1 xcd-col2 xcd-ripple\">\n<div class=\"xcd-title\"><strong>\u8cc7\u7523\u904b\u7528\u3067\u5931\u6557\u3057\u305f\u304f\u306a\u3044\u65b9\u3078<\/strong><\/div>\n<div class=\"xcd-content\"><strong>\u79c1\u305f\u3061GFS\u3067\u306f\u3001\u5b66\u6821\u3067\u306f\u6559\u3048\u3066\u3082\u3089\u3048\u306a\u304b\u3063\u305f\u304a\u91d1\u306e\u3053\u3068\u304c\u308f\u304b\u308b\u7121\u6599\u30b3\u30f3\u30c6\u30f3\u30c4\u3092\u3054\u7528\u610f\u3057\u3066\u3044\u307e\u3059\u3002<\/strong><br \/>\n<strong><span style=\"color: #0066c0;\"><a href=\"https:\/\/toushi-up.com\/ow\/05.html?utm_source=om&amp;utm_medium=om&amp;utm_content=14519\" style=\"color: #0066c0;\">\u226b \u7121\u6599\u8b1b\u5ea7\uff1a\u304a\u91d1\u306e\u30d7\u30ed\u304c\u6559\u3048\u308b\u300c\u521d\u5fc3\u8005\u304c\u6bce\u6708\u53ce\u5165\u3092\u5f97\u308b\u6295\u8cc7\u306e\u59cb\u3081\u65b9\u300d<\/a><\/span><\/strong><\/div>\n<\/div>\n<h2 data-path-to-node=\"106\">\u7b2c5\u7ae0\uff1a\u521d\u5fc3\u8005\u3067\u3082\u76f4\u611f\u7684\u306b\u308f\u304b\u308b\uff01\u5177\u4f53\u7684\u306a\u4e8b\u4f8b\u7814\u7a76<\/h2>\n<p data-path-to-node=\"107\">\u62bd\u8c61\u7684\u306a\u7406\u8ad6\u3060\u3051\u3067\u306f\u30a4\u30e1\u30fc\u30b8\u304c\u6e67\u304d\u306b\u304f\u3044\u90e8\u5206\u3092\u3001\u6b74\u53f2\u7684\u306a\u6709\u540d\u4e8b\u4f8b\u3084\u3001\u5b9f\u969b\u306b\u4e16\u9593\u3092\u9a12\u304c\u305b\u305f\u4ee3\u8868\u7684\u306aM&amp;A\u6848\u4ef6\u3092\u901a\u3058\u3066\u3001\u8996\u899a\u7684\u30fb\u4f53\u611f\u7684\u306b\u7406\u89e3\u3057\u3066\u3044\u304d\u307e\u3057\u3087\u3046\u3002<\/p>\n<h3 data-path-to-node=\"108\">\u4e8b\u4f8b1\uff1a\u3010\u6b63\u306e\u306e\u308c\u3093\u306e\u60aa\u5922\u3011\u65e5\u672c\u90f5\u653f\u306b\u3088\u308b\u8c6a\u30c8\u30fc\u30eb\u793e\u8cb7\u53ce\u5287<\/h3>\n<p data-path-to-node=\"109\">\u300c\u306e\u308c\u3093\u3092\u511f\u5374\u3057\u306a\u3044IFRS\u300d\u3084\u300c\u9ad8\u3059\u304e\u308b\u8cb7\u53ce\uff08\u52dd\u8005\u306e\u546a\u3044\uff09\u300d\u306e\u6050\u308d\u3057\u3055\u3092\u3001\u3053\u308c\u4ee5\u4e0a\u306a\u3044\u307b\u3069\u96c4\u5f01\u306b\u7269\u8a9e\u308b\u306e\u304c\u30012015\u5e74\u306b\u65e5\u672c\u90f5\u653f\u304c\u5b9f\u884c\u3057\u305f\u30aa\u30fc\u30b9\u30c8\u30e9\u30ea\u30a2\u306e\u7269\u6d41\u5927\u624b\u300c\u30c8\u30fc\u30eb\u30fb\u30db\u30fc\u30eb\u30c7\u30a3\u30f3\u30b0\u30b9\u300d\u306e\u8cb7\u53ce\u4e8b\u4f8b\u3067\u3059\u3002<\/p>\n<h4 data-path-to-node=\"110\">\u2460 \u80cc\u666f<\/h4>\n<p data-path-to-node=\"111\">2015\u5e74\u3001\u682a\u5f0f\u4e0a\u5834\u3092\u63a7\u3048\u3066\u3044\u305f\u65e5\u672c\u90f5\u653f\u306f\u3001\u30c9\u30e1\u30b9\u30c6\u30a3\u30c3\u30af\uff08\u56fd\u5185\u9650\u5b9a\uff09\u306a\u90f5\u4fbf\u30fb\u7269\u6d41\u4e8b\u696d\u304b\u3089\u306e\u8131\u5374\u3068\u3001\u30b0\u30ed\u30fc\u30d0\u30eb\u306a\u6210\u9577\u30b7\u30ca\u30b8\u30fc\u3092\u30a2\u30d4\u30fc\u30eb\u3059\u308b\u305f\u3081\u3001\u56fd\u969b\u7269\u6d41\u5927\u624b\u3067\u3042\u308b\u30c8\u30fc\u30eb\u793e\u3092\u7d04<b data-path-to-node=\"111\" data-index-in-node=\"87\">6,200\u5104\u5186<\/b>\u3068\u3044\u3046\u5de8\u984d\u306e\u30ad\u30e3\u30c3\u30b7\u30e5\u3067\u8cb7\u53ce\u3057\u307e\u3057\u305f\u3002<\/p>\n<p data-path-to-node=\"111\">\u3053\u306e\u8cb7\u53ce\u984d\u306f\u3001\u30c8\u30fc\u30eb\u793e\u306e\u7d14\u8cc7\u7523\u3092\u5927\u304d\u304f\u4e0a\u56de\u308b\u30d7\u30ec\u30df\u30a2\u30e0\u304c\u4e57\u305b\u3089\u308c\u3066\u304a\u308a\u3001\u305d\u306e\u7d50\u679c\u3001\u65e5\u672c\u90f5\u653f\u306e\u9023\u7d50B\/S\u306b\u306f\u7d044,000\u5104\u5186\u3082\u306e\u300c\u306e\u308c\u3093\u300d\u304c\u8cc7\u7523\u3068\u3057\u3066\u8a08\u4e0a\u3055\u308c\u307e\u3057\u305f\u3002<\/p>\n<h4 data-path-to-node=\"112\">\u2461 \u60b2\u5287\u306e\u7d50\u672b<\/h4>\n<p data-path-to-node=\"113\">\u8cb7\u53ce\u5f8c\u3001\u30aa\u30fc\u30b9\u30c8\u30e9\u30ea\u30a2\u73fe\u5730\u306e\u666f\u6c17\u6e1b\u901f\u3084\u3001\u65e7\u7d4c\u55b6\u9663\u3068\u65e5\u672c\u90f5\u653f\u5074\u306e\u30ac\u30d0\u30ca\u30f3\u30b9\uff08\u7d71\u6cbb\uff09\u4e0d\u5168\u3001\u3055\u3089\u306b\u306f\u7af6\u5408\u3068\u306e\u6fc0\u3057\u3044\u4fa1\u683c\u7af6\u4e89\u306b\u3088\u308a\u3001\u30c8\u30fc\u30eb\u793e\u306e\u696d\u7e3e\u306f\u6025\u6fc0\u306b\u60aa\u5316\u3057\u3066\u3044\u304d\u307e\u3057\u305f\u3002<\/p>\n<p data-path-to-node=\"113\">2017\u5e74\u3001\u8cb7\u53ce\u304b\u3089\u308f\u305a\u304b2\u5e74\u5f8c\u3001\u65e5\u672c\u90f5\u653f\u306f\u300c\u5f53\u521d\u60f3\u5b9a\u3057\u305f\u30b7\u30ca\u30b8\u30fc\u3084\u53ce\u76ca\u529b\u306f\u3082\u306f\u3084\u898b\u8fbc\u3081\u306a\u3044\u300d\u3068\u5224\u65ad\u3002\u30c8\u30fc\u30eb\u793e\u306b\u95a2\u9023\u3059\u308b\u306e\u308c\u3093\u7b49\u306e\u8cc7\u7523\u306b\u3064\u3044\u3066\u3001<b data-path-to-node=\"113\" data-index-in-node=\"156\">\u7d044,000\u5104\u5186\u306e\u4e00\u62ec\u6e1b\u640d\u640d\u5931<\/b>\u3092\u8a08\u4e0a\u3059\u308b\u3053\u3068\u3092\u767a\u8868\u3057\u307e\u3057\u305f\u3002<\/p>\n<p data-path-to-node=\"114\">\u3053\u308c\u306b\u3088\u308a\u3001\u65e5\u672c\u90f5\u653f\u306f\u56fd\u55b6\u304b\u3089\u6c11\u55b6\u5316\u30fb\u4e0a\u5834\u3057\u3066\u4ee5\u6765\u3001\u521d\u306e\u6700\u7d42\u8d64\u5b57\uff08\u7d04290\u5104\u5186\u306e\u8d64\u5b57\uff09\u306b\u8ee2\u843d\u3059\u308b\u3053\u3068\u3068\u306a\u308a\u3001\u682a\u4e3b\u3084\u5e02\u5834\u304b\u3089\u731b\u70c8\u306a\u6279\u5224\u3092\u6d74\u3073\u308b\u3053\u3068\u306b\u306a\u308a\u307e\u3057\u305f\u3002<\/p>\n<blockquote data-path-to-node=\"115\">\n<p data-path-to-node=\"115,0\"><b data-path-to-node=\"115,0\" data-index-in-node=\"0\">\u3053\u306e\u4e8b\u4f8b\u304b\u3089\u5b66\u3076\u6559\u8a13<\/b><\/p>\n<ul data-path-to-node=\"115,1\">\n<li>\n<p data-path-to-node=\"115,1,0,0\">\u3069\u308c\u3060\u3051\u7f8e\u3057\u3044\u300c\u6d77\u5916\u9032\u51fa\u30b7\u30ca\u30b8\u30fc\u300d\u3092\u63cf\u3044\u3066\u3082\u3001\u5b9f\u614b\u306e\u4f34\u308f\u306a\u3044\u4fa1\u683c\u3067\u8cb7\u53ce\u3057\u3001PMI\uff08\u8cb7\u53ce\u5f8c\u306e\u7d71\u5408\uff09\u3092\u30b3\u30f3\u30c8\u30ed\u30fc\u30eb\u3067\u304d\u306a\u3051\u308c\u3070\u3001\u6570\u5343\u5104\u5186\u306e\u300c\u306e\u308c\u3093\u300d\u306f\u4e00\u77ac\u306b\u3057\u3066\u6d88\u3048\u3066\u306a\u304f\u306a\u308b\u7d19\u5207\u308c\uff08\u6e1b\u640d\u640d\u5931\uff09\u306b\u306a\u308b\u3002<\/p>\n<\/li>\n<\/ul>\n<\/blockquote>\n<h3 data-path-to-node=\"117\">\u4e8b\u4f8b2\uff1a\u3010\u8ca0\u306e\u306e\u308c\u3093\u306e\u9b54\u8853\u3068\u5d29\u58ca\u3011RIZAP\uff08\u30e9\u30a4\u30b6\u30c3\u30d7\uff09\u30b0\u30eb\u30fc\u30d7\u306e\u6025\u62e1\u5927\u3068\u8ecc\u9053\u4fee\u6b63<\/h3>\n<p data-path-to-node=\"118\">\u300c\u8ca0\u306e\u306e\u308c\u3093\u300d\u3092\u7d4c\u55b6\u6226\u7565\u306e\u6839\u5e79\u306b\u636e\u3048\u3001\u4e00\u6642\u306f\u6642\u4ee3\u306e\u5bf5\u5150\u3068\u3057\u3066\u3082\u3066\u306f\u3084\u3055\u308c\u306a\u304c\u3089\u3082\u3001\u306e\u3061\u306b\u5927\u304d\u306a\u8ecc\u9053\u4fee\u6b63\u3092\u4f59\u5100\u306a\u304f\u3055\u308c\u305f\u6975\u3081\u3066\u7279\u5fb4\u7684\u306a\u4e8b\u4f8b\u304c\u3001\u30dc\u30c7\u30a3\u30e1\u30a4\u30af\u3067\u6709\u540d\u306a\u300cRIZAP\u30b0\u30eb\u30fc\u30d7\u300d\u3067\u3059\u3002<\/p>\n<h4 data-path-to-node=\"119\">\u2460 \u8ca0\u306e\u306e\u308c\u3093\u3092\u300c\u5229\u76ca\u306e\u6e90\u6cc9\u300d\u306b\u3057\u305f\u4ed5\u7d44\u307f<\/h4>\n<p data-path-to-node=\"120\">RIZAP\u30b0\u30eb\u30fc\u30d7\u306f\u30012015\u5e74\u301c2018\u5e74\u9803\u306b\u304b\u3051\u3066\u3001\u30a2\u30d1\u30ec\u30eb\uff08\u30b8\u30fc\u30f3\u30ba\u306e\u30e9\u30a4\u30c8\u30aa\u30f3\u7b49\uff09\u3001\u5c0f\u58f2\u3001\u4f4f\u5c45\u95a2\u9023\u306a\u3069\u3001\u591a\u7a2e\u591a\u69d8\u306a\u8d64\u5b57\u4f01\u696d\u30fb\u7834\u7dbb\u5bf8\u524d\u306e\u4f01\u696d\u3092\u6b21\u3005\u3068\u8cb7\u53ce\u3057\u3066\u3044\u304d\u307e\u3057\u305f\u3002<\/p>\n<p data-path-to-node=\"121\">\u3053\u308c\u3089\u306e\u8d64\u5b57\u4f01\u696d\u306f\u3001\u696d\u7e3e\u306f\u6700\u60aa\u306a\u3082\u306e\u306e\u3001\u9577\u5e74\u57f9\u3063\u305f\u5e97\u8217\u7db2\u3084\u5728\u5eab\u3001\u81ea\u793e\u30d3\u30eb\uff08\u4e0d\u52d5\u7523\uff09\u306a\u3069\u306e\u300c\u8cc7\u7523\u300d\u3092\u591a\u304f\u6301\u3063\u3066\u3044\u307e\u3057\u305f\u3002\u30e9\u30a4\u30b6\u30c3\u30d7\u306f\u3053\u308c\u3089\u3092\u300c\u8cb7\u53ce\u4fa1\u683c0\u5186\u300d\u3084\u300c\u8d85\u683c\u5b89\u300d\u3067\u624b\u306b\u5165\u308c\u307e\u3059\u3002<\/p>\n<p data-path-to-node=\"121\">\u3059\u308b\u3068\u3001\u4ee5\u4e0b\u306e\u3088\u3046\u306a\u4f1a\u8a08\u30de\u30b8\u30c3\u30af\u304c\u8d77\u3053\u308a\u307e\u3059\u3002<\/p>\n<ul data-path-to-node=\"122\">\n<li>\n<p data-path-to-node=\"122,0,0\">\u8cb7\u53ce\u3057\u305f\u8d64\u5b57\u4f1a\u793e\u306e\u6642\u4fa1\u7d14\u8cc7\u7523\uff1a10\u5104\u5186<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"122,1,0\">\u30e9\u30a4\u30b6\u30c3\u30d7\u304c\u652f\u6255\u3063\u305f\u8cb7\u53ce\u984d\uff1a100\u4e07\u5186<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"122,2,0\">\u5dee\u3057\u5f15\u304d\uff1a\u7d0410\u5104\u5186\u306e\u300c\u8ca0\u306e\u306e\u308c\u3093\u767a\u751f\u76ca\uff08\u7279\u5225\u5229\u76ca\uff09\u300d\u304c\u3001\u30e9\u30a4\u30b6\u30c3\u30d7\u306e\u9023\u7d50\u6c7a\u7b97\u306b\u4e00\u62ec\u8a08\u4e0a\u3055\u308c\u308b\u3002<\/p>\n<\/li>\n<\/ul>\n<p data-path-to-node=\"123\">\u30e9\u30a4\u30b6\u30c3\u30d7\u306fIFRS\u3092\u63a1\u7528\u3057\u3066\u3044\u305f\u305f\u3081\u3001\u3053\u306e\u5b89\u5024\u8cb7\u53ce\u3092\u7e70\u308a\u8fd4\u3059\u3060\u3051\u3067\u3001\u6bce\u5e74\u306e\u6c7a\u7b97\u66f8\u306b\u306f\u6570\u5341\u5104\u301c\u6570\u767e\u5104\u5186\u898f\u6a21\u306e\u300c\u8ca0\u306e\u306e\u308c\u3093\u767a\u751f\u76ca\u300d\u304c\u7279\u5225\u5229\u76ca\u3068\u3057\u3066\u5c71\u7a4d\u307f\u3055\u308c\u3001\u6700\u7d42\u7d14\u5229\u76ca\u306f\u7206\u767a\u7684\u306a\u53f3\u80a9\u4e0a\u304c\u308a\u3092\u8a18\u9332\u3057\u307e\u3057\u305f\u3002\u682a\u4fa1\u3082\u3053\u308c\u3092\u597d\u6c17\u3057\u3066\u4e00\u6642\u66b4\u9a30\u3057\u307e\u3057\u305f\u3002<\/p>\n<h4 data-path-to-node=\"124\">\u2461 \u5fcd\u3073\u5bc4\u308b\u300c\u8d64\u5b57\u5782\u308c\u6d41\u3057\u300d\u306e\u5b9f\u614b<\/h4>\n<p data-path-to-node=\"125\">\u3057\u304b\u3057\u3001\u8cb7\u53ce\u3057\u305f\u4f01\u696d\u7fa4\u306f\u3082\u3068\u3082\u3068\u300c\u8d64\u5b57\u3092\u51fa\u3057\u7d9a\u3051\u3066\u3044\u305f\u304b\u3089\u3053\u305d\u5b89\u304f\u8cb7\u3048\u305f\u300d\u4f1a\u793e\u3070\u304b\u308a\u3067\u3059\u3002<\/p>\n<p data-path-to-node=\"125\">\u672c\u6765\u3067\u3042\u308c\u3070\u3001\u30e9\u30a4\u30b6\u30c3\u30d7\u5074\u306e\u30ce\u30a6\u30cf\u30a6\u3092\u6ce8\u5165\u3057\u3066\u5373\u5ea7\u306b\u9ed2\u5b57\u5316\uff08PMI\uff09\u3055\u305b\u308b\u8a08\u753b\u3067\u3057\u305f\u304c\u3001\u3042\u307e\u308a\u306b\u3082\u6025\u901f\u306b\u3001\u304b\u3064\u7551\u9055\u3044\u306e\u5206\u91ce\u306e\u4f1a\u793e\u3092\u5897\u3084\u3057\u3059\u304e\u305f\u305f\u3081\u3001\u73fe\u5834\u306e\u7d4c\u55b6\u518d\u5efa\u304c\u5168\u304f\u8ffd\u3044\u3064\u304b\u306a\u304f\u306a\u308a\u307e\u3057\u305f\u3002<\/p>\n<p data-path-to-node=\"126\">\u8cb7\u53ce\u3057\u305f\u5e74\u306f\u300c\u8ca0\u306e\u306e\u308c\u3093\uff08\u7279\u5225\u5229\u76ca\uff09\u300d\u3067\u9ed2\u5b57\u306b\u898b\u3048\u307e\u3059\u304c\u3001\u7fcc\u5e74\u4ee5\u964d\u306f\u3001\u305d\u308c\u3089\u306e\u4f01\u696d\u304c\u6bce\u6708\u5782\u308c\u6d41\u3059\u672c\u696d\u306e\u55b6\u696d\u8d64\u5b57\u304c\u3001\u30e9\u30a4\u30b6\u30c3\u30d7\u672c\u4f53\uff08\u30dc\u30c7\u30a3\u30e1\u30a4\u30af\u4e8b\u696d\uff09\u306e\u7a3c\u304e\u3092\u5b8c\u5168\u306b\u98df\u3044\u3064\u3076\u3059\u3088\u3046\u306b\u306a\u3063\u3066\u3057\u307e\u3044\u307e\u3057\u305f\u3002<\/p>\n<h4 data-path-to-node=\"127\">\u2462 \u9650\u754c\u3068\u300c\u69cb\u9020\u6539\u9769\u300d\u3078\u306e\u8ee2\u63db<\/h4>\n<p data-path-to-node=\"128\">2018\u5e7411\u6708\u3001\u30e9\u30a4\u30b6\u30c3\u30d7\u30b0\u30eb\u30fc\u30d7\u306f\u300c\u3053\u308c\u4ee5\u4e0a\u306e\u8d64\u5b57\u4f01\u696d\u306e\u8cb7\u53ce\u3092\u51cd\u7d50\u3057\u3001\u30b0\u30eb\u30fc\u30d7\u4f01\u696d\u306e\u518d\u5efa\u30fb\u58f2\u5374\u306b\u5c02\u5ff5\u3059\u308b\u300d\u3068\u767a\u8868\u3002<\/p>\n<p data-path-to-node=\"128\">\u4e00\u6642\u7684\u306b\u696d\u7e3e\u4e88\u60f3\u3092\u5927\u5e45\u306a\u9ed2\u5b57\u304b\u3089\u4e00\u8ee2\u3001\u5927\u8d64\u5b57\u3078\u3068\u4e0b\u65b9\u4fee\u6b63\u3057\u3001\u5e02\u5834\u306b\u5927\u304d\u306a\u885d\u6483\uff08\u30e9\u30a4\u30b6\u30c3\u30d7\u30fb\u30b7\u30e7\u30c3\u30af\uff09\u3092\u4e0e\u3048\u307e\u3057\u305f\u3002\u305d\u306e\u5f8c\u3001\u540c\u793e\u306f\u4e0d\u63a1\u7b97\u4e8b\u696d\u306e\u58f2\u5374\u3084\u672c\u696d\u3078\u306e\u96c6\u4e2d\u3092\u9032\u3081\u3001\u6ce5\u81ed\u3044\u4e8b\u696d\u518d\u751f\u30d7\u30ed\u30bb\u30b9\u3092\u7d4c\u3066\u73fe\u5728\u306e\u30d3\u30b8\u30cd\u30b9\u30e2\u30c7\u30eb\uff08chocoZAP\u306a\u3069\u3078\u306e\u96c6\u4e2d\u6295\u8cc7\uff09\u3078\u3068\u5909\u9769\u3092\u9042\u3052\u308b\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n<blockquote data-path-to-node=\"129\">\n<p data-path-to-node=\"129,0\"><b data-path-to-node=\"129,0\" data-index-in-node=\"0\">\u3053\u306e\u4e8b\u4f8b\u304b\u3089\u5b66\u3076\u6559\u8a13<\/b><\/p>\n<ul data-path-to-node=\"129,1\">\n<li>\n<p data-path-to-node=\"129,1,0,0\">\u300c\u8ca0\u306e\u306e\u308c\u3093\u300d\u306fM&amp;A\u306e\u77ac\u9593\u3060\u3051\u6c7a\u7b97\u66f8\u3092\u83ef\u3084\u304b\u306b\u5f69\u308b\u300c\u30c9\u30fc\u30d4\u30f3\u30b0\u300d\u3067\u3042\u308b\u3002\u8cb7\u53ce\u5f8c\u306b\u81ea\u529b\u3067\u305d\u306e\u4f01\u696d\u3092\u9ed2\u5b57\u5316\uff08\u518d\u751f\uff09\u3059\u308b\u5727\u5012\u7684\u306a\u7d4c\u55b6\u529b\u304c\u306a\u3051\u308c\u3070\u3001\u306e\u3061\u306e\u55b6\u696d\u8d64\u5b57\u306b\u3088\u3063\u3066\u81ea\u6ec5\u3092\u62db\u304f\u3002<\/p>\n<\/li>\n<\/ul>\n<\/blockquote>\n<h2 data-path-to-node=\"131\">\u7b2c6\u7ae0\uff1a\u4f53\u7cfb\u7684\u306a\u6bd4\u8f03\u3068\u56f3\u89e3<\/h2>\n<p data-path-to-node=\"132\">\u3053\u3053\u307e\u3067\u306e\u5b66\u3073\u3092\u6574\u7406\u3057\u3001\u4e00\u76ee\u3067\u5168\u4f53\u50cf\u304c\u628a\u63e1\u3067\u304d\u308b\u3088\u3046\u3001\u5bfe\u6bd4\u8868\u3068\u30d3\u30b8\u30e5\u30a2\u30eb\u306a\u30c0\u30a4\u30a2\u30b0\u30e9\u30e0\uff08\u30d5\u30ed\u30fc\u30c1\u30e3\u30fc\u30c8\uff09\u306b\u843d\u3068\u3057\u8fbc\u3093\u3067\u304a\u3055\u3089\u3044\u3057\u307e\u3057\u3087\u3046\u3002<\/p>\n<h3 data-path-to-node=\"133\">1. \u300c\u6b63\u306e\u306e\u308c\u3093\u300dvs\u300c\u8ca0\u306e\u306e\u308c\u3093\u300d\u6c7a\u5b9a\u7684\u306a\u9055\u3044\u307e\u3068\u3081<\/h3>\n<table data-path-to-node=\"134\">\n<thead>\n<tr>\n<td><strong>\u9805\u76ee<\/strong><\/td>\n<td><strong>\u6b63\u306e\u306e\u308c\u3093 (Goodwill)<\/strong><\/td>\n<td><strong>\u8ca0\u306e\u306e\u308c\u3093 (Negative Goodwill)<\/strong><\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><span data-path-to-node=\"134,1,0,0\"><b data-path-to-node=\"134,1,0,0\" data-index-in-node=\"0\">\u767a\u751f\u3059\u308b\u6761\u4ef6<\/b><\/span><\/td>\n<td><span data-path-to-node=\"134,1,1,0\"><b data-path-to-node=\"134,1,1,0\" data-index-in-node=\"0\">\u8cb7\u53ce\u4fa1\u683c \uff1e \u58f2\u308a\u624b\u306e\u6642\u4fa1\u7d14\u8cc7\u7523<\/b> \uff08\u30d6\u30e9\u30f3\u30c9\u3084\u5c06\u6765\u6027\u306b\u30d7\u30ec\u30df\u30a2\u30e0\u3092\u6255\u3063\u305f\uff09<\/span><\/td>\n<td><span data-path-to-node=\"134,1,2,0\"><b data-path-to-node=\"134,1,2,0\" data-index-in-node=\"0\">\u8cb7\u53ce\u4fa1\u683c \uff1c \u58f2\u308a\u624b\u306e\u6642\u4fa1\u7d14\u8cc7\u7523<\/b> \uff08\u30ea\u30b9\u30af\u3084\u696d\u7e3e\u60aa\u5316\u3092\u7406\u7531\u306b\u5b89\u304f\u8cb7\u3048\u305f\uff09<\/span><\/td>\n<\/tr>\n<tr>\n<td><span data-path-to-node=\"134,2,0,0\"><b data-path-to-node=\"134,2,0,0\" data-index-in-node=\"0\">\u4f1a\u8a08\u4e0a\u306e\u6027\u8cea<\/b><\/span><\/td>\n<td><span data-path-to-node=\"134,2,1,0\"><b data-path-to-node=\"134,2,1,0\" data-index-in-node=\"0\">\u300c\u7121\u5f62\u8cc7\u7523\u300d<\/b>\uff08\u5c06\u6765\u304a\u91d1\u3092\u751f\u3080\u6a29\u5229\uff09<\/span><\/td>\n<td><span data-path-to-node=\"134,2,2,0\"><b data-path-to-node=\"134,2,2,0\" data-index-in-node=\"0\">\u300c\u5229\u76ca\u300d<\/b>\uff08\u5b89\u304f\u8cb7\u3048\u305f\u3053\u3068\u306b\u3088\u308b\u53d6\u5f15\u4e0a\u306e\u5f97\uff09<\/span><\/td>\n<\/tr>\n<tr>\n<td><span data-path-to-node=\"134,3,0,0\"><b data-path-to-node=\"134,3,0,0\" data-index-in-node=\"0\">B\/S\uff08\u8cb8\u501f\u5bfe\u7167\u8868\uff09<\/b><\/span><\/td>\n<td><span data-path-to-node=\"134,3,1,0\">\u8cc7\u7523\u306e\u90e8\u306b\u8a08\u4e0a\uff08\u6bce\u5e74\u6e1b\u984d\u3001\u307e\u305f\u306f\u7dad\u6301\uff09<\/span><\/td>\n<td><span data-path-to-node=\"134,3,2,0\">\u8a08\u4e0a\u3055\u308c\u306a\u3044\uff08\u767a\u751f\u3057\u305f\u671f\u306b\u5168\u984d\u53d6\u308a\u5d29\u3055\u308c\u3066\u6d88\u3048\u308b\uff09<\/span><\/td>\n<\/tr>\n<tr>\n<td><span data-path-to-node=\"134,4,0,0\"><b data-path-to-node=\"134,4,0,0\" data-index-in-node=\"0\">P\/L\uff08\u640d\u76ca\u8a08\u7b97\u66f8\uff09<\/b><\/span><\/td>\n<td>\n<p data-path-to-node=\"134,4,1,0\">* <b data-path-to-node=\"134,4,1,0\" data-index-in-node=\"2\">\u65e5\u672c\u57fa\u6e96<\/b>\uff1a\u6bce\u5e74\u4e00\u5b9a\u984d\u3092\u300c\u8cbb\u7528\u300d\u306b\u3059\u308b\u3002<\/p>\n<p><br data-path-to-node=\"134,4,1,1\" \/><\/p>\n<p data-path-to-node=\"134,4,1,2\">* <b data-path-to-node=\"134,4,1,2\" data-index-in-node=\"2\">IFRS<\/b>\uff1a\u4fa1\u5024\u4f4e\u4e0b\u6642\u306e\u307f\u300c\u6e1b\u640d\u640d\u5931\uff08\u640d\u5931\uff09\u300d\u306b\u3059\u308b\u3002<\/p>\n<\/td>\n<td><span data-path-to-node=\"134,4,2,0\">\u767a\u751f\u3057\u305f\u671f\u306e\u6c7a\u7b97\u3067\u3001**\u300c\u8ca0\u306e\u306e\u308c\u3093\u767a\u751f\u76ca\u300d**\u3068\u3057\u3066\u7279\u5225\u5229\u76ca\u306b\u4e00\u62ec\u8a08\u4e0a\u3055\u308c\u308b\u3002<\/span><\/td>\n<\/tr>\n<tr>\n<td><span data-path-to-node=\"134,5,0,0\"><b data-path-to-node=\"134,5,0,0\" data-index-in-node=\"0\">\u4e3b\u306a\u767a\u751f\u8981\u56e0<\/b><\/span><\/td>\n<td><span data-path-to-node=\"134,5,1,0\">\u6210\u9577\u6027\u306e\u9ad8\u3044IT\u30d9\u30f3\u30c1\u30e3\u30fc\u3001\u512a\u826f\u30d6\u30e9\u30f3\u30c9\u3001\u6280\u8853\u529b\u3092\u6301\u3064\u4f01\u696d\u306e\u8cb7\u53ce<\/span><\/td>\n<td><span data-path-to-node=\"134,5,2,0\">\u5012\u7523\u5371\u6a5f\u306e\u4f01\u696d\u3001\u904e\u5270\u8a2d\u5099\u3092\u6301\u3064\u88fd\u9020\u696d\u3001\u4e0d\u63a1\u7b97\u30bb\u30af\u30bf\u30fc\u306e\u6551\u6e08\u30fb\u518d\u7de8<\/span><\/td>\n<\/tr>\n<tr>\n<td><span data-path-to-node=\"134,6,0,0\"><b data-path-to-node=\"134,6,0,0\" data-index-in-node=\"0\">\u7d4c\u55b6\u4e0a\u306e\u4e3b\u305f\u308b\u30ea\u30b9\u30af<\/b><\/span><\/td>\n<td><span data-path-to-node=\"134,6,1,0\">\u8cb7\u3063\u305f\u5f8c\u306b\u696d\u7e3e\u304c\u4e0a\u304c\u3089\u306a\u3044\u5834\u5408\u306e**\u300c\u6e1b\u640d\u30ea\u30b9\u30af\u300d**<\/span><\/td>\n<td><span data-path-to-node=\"134,6,2,0\">\u8cb7\u3063\u305f\u5f8c\u306b\u8d64\u5b57\u3092\u6b62\u3081\u3089\u308c\u306a\u3044\u5834\u5408\u306e**\u300c\u7d99\u7d9a\u7684\u306a\u55b6\u696d\u640d\u5931\u30ea\u30b9\u30af\u300d**<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3 data-path-to-node=\"136\">2. M&amp;A\u5b9f\u884c\u304b\u3089\u300c\u306e\u308c\u3093\u30fb\u8ca0\u306e\u306e\u308c\u3093\u300d\u304c\u305f\u3069\u308b\u904b\u547d\uff08\u30d5\u30ed\u30fc\u56f3\uff09<\/h3>\n<p data-path-to-node=\"137\">\u4ee5\u4e0b\u306f\u3001M&amp;A\u304c\u5b9f\u884c\u3055\u308c\u3066\u304b\u3089\u3001\u305d\u308c\u305e\u308c\u306e\u306e\u308c\u3093\u304c\u3069\u306e\u3088\u3046\u306b\u4f1a\u8a08\u51e6\u7406\u3055\u308c\u3001\u4f01\u696d\u306e\u547d\u904b\u3092\u5206\u3051\u3066\u3044\u304f\u306e\u304b\u3092\u793a\u3059\u5168\u4f53\u306e\u30ed\u30fc\u30c9\u30de\u30c3\u30d7\u3067\u3059\u3002<\/p>\n<p><response-element class=\"\" ng-version=\"0.0.0-PLACEHOLDER\"><code-block _nghost-ng-c3241222747=\"\" class=\"ng-tns-c3241222747-246 enable-luminous-code-block ng-star-inserted\"><\/code-block><\/response-element><\/p>\n<div _ngcontent-ng-c3241222747=\"\" class=\"code-block ng-tns-c3241222747-246 ng-animate-disabled ng-trigger ng-trigger-codeBlockRevealAnimation\" jslog=\"223238;track:impression,attention;BardVeMetadataKey:[[&quot;r_ce68251ccc648f45&quot;,&quot;c_0387683d69fe10af&quot;,null,&quot;rc_6f0ba9d57ab83910&quot;,null,null,&quot;en&quot;,null,1,null,null,1,0]]\">\n<div _ngcontent-ng-c3241222747=\"\" class=\"formatted-code-block-internal-container ng-tns-c3241222747-246\">\n<div _ngcontent-ng-c3241222747=\"\" class=\"animated-opacity ng-tns-c3241222747-246\">\n<pre _ngcontent-ng-c3241222747=\"\" class=\"ng-tns-c3241222747-246\"><code _ngcontent-ng-c3241222747=\"\" role=\"text\" data-test-id=\"code-content\" class=\"code-container formatted ng-tns-c3241222747-246 no-decoration-radius\">                   [ M&amp;A (\u4f01\u696d\u306e\u8cb7\u53ce) \u3092\u5b9f\u884c ]\r\n                               \u2502\r\n            \u250c\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2534\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2510\r\n     \u3010 \u8cb7\u53ce\u984d \uff1e \u6642\u4fa1\u7d14\u8cc7\u7523 \u3011             \u3010 \u8cb7\u53ce\u984d \uff1c \u6642\u4fa1\u7d14\u8cc7\u7523 \u3011\r\n            \u2502                                     \u2502\r\n     [ \u6b63\u306e\u306e\u308c\u3093\u304c\u767a\u751f ]                   [ \u8ca0\u306e\u306e\u308c\u3093\u304c\u767a\u751f ]\r\n            \u2502                                     \u2502\r\n      \u250c\u2500\u2500\u2500\u2500\u2500\u2534\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2510                             \u2502\r\n [\u65e5\u672c\u57fa\u6e96]         [ IFRS ]                 [\u4e00\u62ec\u7279\u5225\u5229\u76ca\u3068\u3057\u3066\u8a08\u4e0a]\r\n      \u2502              \u2502                            \u2502\r\n[\u6700\u957720\u5e74\u3067]   [\u5b9a\u671f\u511f\u5374\u306a\u3057]                     \u25bc\r\n[ \u6bce\u5e74\u511f\u5374 ]   [\u6bce\u5e74\u6e1b\u640d\u30c6\u30b9\u30c8]          \u4e00\u77ac\u3067\u4f01\u696d\u306e\u7d14\u5229\u76ca\u304c\u8df3\u306d\u4e0a\u304c\u308b\r\n      \u2502              \u2502                    (\u203b\u305f\u3060\u3057\u7fcc\u671f\u4ee5\u964d\u3001\u8cb7\u53ce\u5148\u306e)\r\n      \u2502              \u251c\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2510         (\u8d64\u5b57\u3092\u6b62\u3081\u3089\u308c\u306a\u3044\u3068\u81ea\u6ec5)\r\n      \u25bc              \u25bc          \u25bc\r\n[ \u5b8c\u6e08\u30fb\u511f\u5374 ]   [\u9806\u8abf\u306a\u3089]  [\u696d\u7e3e\u60aa\u5316\u306a\u3089]\r\n(\u306e\u308c\u3093\u6b8b\u9ad80)   (\u8cc7\u7523\u7dad\u6301)  [ \u5de8\u984d\u6e1b\u640d ]\r\n<\/code><\/pre>\n<\/div>\n<\/div>\n<\/div>\n<p>&nbsp;<\/p>\n<h2 data-path-to-node=\"140\">\u7b2c7\u7ae0\uff1a\u4f1a\u8a08\u77e5\u8b58\u30fbM&amp;A\u30ea\u30c6\u30e9\u30b7\u30fc\u306e\u91cd\u8981\u6027<\/h2>\n<p data-path-to-node=\"141\">\u3053\u3053\u307e\u3067\u8aad\u307f\u9032\u3081\u3066\u3044\u305f\u3060\u3044\u305f\u3042\u306a\u305f\u306b\u306f\u3001\u300c\u306e\u308c\u3093\u300d\u3084\u300c\u8ca0\u306e\u306e\u308c\u3093\u300d\u3001\u305d\u3057\u3066\u300c\u4f1a\u8a08\u57fa\u6e96\u306e\u9055\u3044\u300d\u304c\u3044\u304b\u306b\u4f01\u696d\u306e\u696d\u7e3e\u767a\u8868\u3084\u30cb\u30e5\u30fc\u30b9\u306e\u898b\u3048\u65b9\u3092\u5927\u304d\u304f\u5909\u3048\u3066\u3057\u307e\u3046\u304b\u304c\u3001\u306f\u3063\u304d\u308a\u3068\u898b\u3048\u3066\u3044\u308b\u306f\u305a\u3067\u3059\u3002<\/p>\n<p data-path-to-node=\"142\">\u6700\u5f8c\u306b\u3001\u3053\u3046\u3057\u305f<b data-path-to-node=\"142\" data-index-in-node=\"8\">\u4f1a\u8a08\u30fbM&amp;A\u306e\u77e5\u8b58\u3092\u8eab\u306b\u3064\u3051\u3001\u30a2\u30c3\u30d7\u30c7\u30fc\u30c8\u3057\u7d9a\u3051\u308b\u3053\u3068\u304c\u3001\u306a\u305c\u73fe\u4ee3\u306e\u30d3\u30b8\u30cd\u30b9\u793e\u4f1a\u3092\u751f\u304d\u629c\u304f\u4e0a\u3067\u6c7a\u5b9a\u7684\u306b\u91cd\u8981\u306a\u306e\u304b<\/b>\u3001\u305d\u306e\u672c\u8cea\u3092\u8aac\u3044\u3066\u3053\u306e\u8a18\u4e8b\u3092\u7de0\u3081\u304f\u304f\u308a\u307e\u3059\u3002<\/p>\n<h3 data-path-to-node=\"143\">1. \u30cb\u30e5\u30fc\u30b9\u306e\u300c\u88cf\u5074\u300d\u3092\u898b\u629c\u304f\u76ee\u3092\u6301\u3064<\/h3>\n<p data-path-to-node=\"144\">\u30d3\u30b8\u30cd\u30b9\u30cb\u30e5\u30fc\u30b9\u3067\u300c\u3007\u3007\u793e\u304cM&amp;A\u3092\u767a\u8868\uff01\u5f53\u671f\u7d14\u5229\u76ca\u304c\u904e\u53bb\u6700\u9ad8\u306e500\u5104\u5186\u306b\u6025\u5897\uff01\u300d\u3068\u3044\u3046\u83ef\u3005\u3057\u3044\u30d8\u30c3\u30c9\u30e9\u30a4\u30f3\u304c\u8e8d\u3063\u305f\u3068\u304d\u3001\u30ea\u30c6\u30e9\u30b7\u30fc\u306e\u306a\u3044\u4eba\u306f\u300c\u3059\u3054\u3044\u4f1a\u793e\u3060\u3001\u682a\u3092\u8cb7\u304a\u3046\uff01\u300d\u300c\u3053\u306e\u4f1a\u793e\u306f\u5b89\u6cf0\u3060\u300d\u3068\u76f2\u76ee\u7684\u306b\u4fe1\u3058\u3066\u3057\u307e\u3044\u307e\u3059\u3002<\/p>\n<p data-path-to-node=\"145\">\u3057\u304b\u3057\u3001\u77e5\u8b58\u3092\u6301\u3064\u3042\u306a\u305f\u306f\u3053\u3046\u554f\u3044\u304b\u3051\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002<\/p>\n<blockquote data-path-to-node=\"146\">\n<p data-path-to-node=\"146,0\"><b data-path-to-node=\"146,0\" data-index-in-node=\"0\">\u300c\u305d\u306e500\u5104\u5186\u306e\u5229\u76ca\u306e\u6b63\u4f53\u306f\u3001\u672c\u696d\u306e\u55b6\u696d\u5229\u76ca\u306a\u306e\u304b\uff1f\u305d\u308c\u3068\u3082\u3001\u8d64\u5b57\u4f01\u696d\u3092\u683c\u5b89\u3067\u8cb7\u3044\u53e9\u3044\u305f\u3053\u3068\u306b\u3088\u308b\u300e\u8ca0\u306e\u306e\u308c\u3093\uff08\u7279\u5225\u5229\u76ca\uff09\u300f\u306a\u306e\u304b\uff1f\u300d<\/b><\/p>\n<p data-path-to-node=\"146,0\"><b data-path-to-node=\"146,0\" data-index-in-node=\"69\">\u300c\u3082\u3057\u8ca0\u306e\u306e\u308c\u3093\u306a\u3089\u3001\u305d\u306e\u8cb7\u53ce\u3057\u305f\u8d64\u5b57\u4f1a\u793e\u3092\u672c\u5f53\u306b\u518d\u5efa\u3067\u304d\u308b\u7d4c\u55b6\u529b\u304c\u3001\u3053\u306e\u4f1a\u793e\u306b\u3042\u308b\u306e\u3060\u308d\u3046\u304b\uff1f\u300d<\/b><\/p>\n<\/blockquote>\n<p data-path-to-node=\"147\">\u3042\u308b\u3044\u306f\u3001\u300cIFRS\u3078\u79fb\u884c\u3057\u305f\u304b\u3089\u55b6\u696d\u5229\u76ca\u304c\u5897\u3048\u305f\u3060\u3051\u3067\u306f\u306a\u3044\u304b\uff1f\u300d\u3068\u3044\u3046\u3001\u5236\u5ea6\u306e\u5909\u66f4\u306b\u3088\u308b\u898b\u304b\u3051\u306e\u6570\u5b57\u306e\u30c8\u30ea\u30c3\u30af\u306b\u6c17\u3065\u304f\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002\u3053\u306e\u300c\u88cf\u5074\u3092\u898b\u629c\u304f\u76ee\u300d\u3053\u305d\u304c\u3001\u6295\u8cc7\u3067\u81f4\u547d\u7684\u306a\u640d\u5931\u3092\u907f\u3051\u3001\u30d3\u30b8\u30cd\u30b9\u3067\u9a19\u3055\u308c\u306a\u3044\u305f\u3081\u306e\u6700\u5f37\u306e\u6b66\u5668\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n<h3 data-path-to-node=\"148\">2. \u7d4c\u55b6\u5c64\u30fb\u30d3\u30b8\u30cd\u30b9\u30d1\u30fc\u30bd\u30f3\u3068\u3057\u3066\u306e\u610f\u601d\u6c7a\u5b9a\u306e\u8cea\u3092\u9ad8\u3081\u308b<\/h3>\n<p data-path-to-node=\"149\">\u3042\u306a\u305f\u304c\u3082\u3057\u3001\u81ea\u793e\u3067M&amp;A\u306e\u30d7\u30ed\u30b8\u30a7\u30af\u30c8\u306b\u95a2\u308f\u3063\u305f\u308a\u3001\u7d4c\u55b6\u4f01\u753b\u3084\u8ca1\u52d9\u3001\u3042\u308b\u3044\u306f\u30de\u30cd\u30b8\u30e1\u30f3\u30c8\u5c64\u3068\u3057\u3066\u30ad\u30e3\u30ea\u30a2\u3092\u7bc9\u3044\u3066\u3044\u304f\u306e\u3067\u3042\u308c\u3070\u3001\u306e\u308c\u3093\u306e\u7406\u89e3\u306f\u5fc5\u9808\u79d1\u76ee\u3067\u3059\u3002<\/p>\n<p data-path-to-node=\"149\">\u4f01\u696d\u306e\u8cb7\u53ce\u4fa1\u683c\u3092\u6c7a\u5b9a\u3059\u308b\u969b\u3001\u300c\u306e\u308c\u3093\u3092\u3044\u304f\u3089\u307e\u3067\u8a31\u5bb9\u3067\u304d\u308b\u304b\u300d\u300c\u81ea\u793e\u306e\u73fe\u5728\u306e\u4f1a\u8a08\u57fa\u6e96\uff08\u65e5\u672c\u57fa\u6e96\u304bIFRS\u304b\uff09\u306b\u304a\u3044\u3066\u3001\u6bce\u6708\u306ePL\u306b\u3069\u308c\u3060\u3051\u306e\u30a4\u30f3\u30d1\u30af\u30c8\u3092\u4e0e\u3048\u308b\u304b\u300d\u3092\u4e8b\u524d\u306b\u30b7\u30df\u30e5\u30ec\u30fc\u30b7\u30e7\u30f3\u3067\u304d\u306a\u3051\u308c\u3070\u3001\u8cb7\u53ce\u5f8c\u306b\u300c\u3053\u3093\u306a\u306f\u305a\u3067\u306f\u306a\u304b\u3063\u305f\u300d\u3068\u982d\u3092\u62b1\u3048\u308b\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n<p data-path-to-node=\"150\">\u6570\u5b57\uff08\u4f1a\u8a08\uff09\u306f\u3001\u7d4c\u55b6\u306b\u304a\u3051\u308b\u5171\u901a\u306e\u300c\u8a00\u8a9e\u300d\u3067\u3059\u3002\u306e\u308c\u3093\u3092\u6df1\u304f\u7406\u89e3\u3059\u308b\u3053\u3068\u306f\u3001\u30d3\u30b8\u30cd\u30b9\u306e\u6210\u529f\u7387\u3092\u6975\u9650\u307e\u3067\u9ad8\u3081\u308b\u305f\u3081\u306e\u300c\u8a2d\u8a08\u56f3\u300d\u3092\u624b\u306b\u5165\u308c\u308b\u3053\u3068\u3068\u540c\u7fa9\u306a\u306e\u3067\u3059\u3002<\/p>\n<h3 data-path-to-node=\"151\">3. \u672a\u6765\u306e\u30d3\u30b8\u30cd\u30b9\u3092\u4fef\u77b0\u3059\u308b<\/h3>\n<p data-path-to-node=\"152\">\u65e5\u672c\u57fa\u6e96\u3068IFRS\u3092\u3081\u3050\u308b\u300c\u306e\u308c\u3093\u306e\u511f\u5374\u30fb\u975e\u511f\u5374\u300d\u306e\u8b70\u8ad6\u306f\u3001\u4eca\u3082\u56fd\u969b\u4f1a\u8b70\u306e\u5834\u3067\u6fc0\u3057\u304f\u8b70\u8ad6\u3055\u308c\u7d9a\u3051\u3066\u3044\u307e\u3059\u3002\u3053\u306e\u3088\u3046\u306b\u3001\u30eb\u30fc\u30eb\u305d\u306e\u3082\u306e\u304c\u6642\u4ee3\u3084\u793e\u4f1a\u306e\u8981\u8acb\u306b\u5408\u308f\u305b\u3066\u30a2\u30c3\u30d7\u30c7\u30fc\u30c8\u3055\u308c\u3066\u3044\u304f\u304b\u3089\u3053\u305d\u3001\u79c1\u305f\u3061\u306e\u77e5\u8b58\u3082\u5e38\u306b\u300c\u751f\u3082\u306e\u300d\u3068\u3057\u3066\u30a2\u30c3\u30d7\u30c7\u30fc\u30c8\u3057\u7d9a\u3051\u306a\u3051\u308c\u3070\u306a\u308a\u307e\u305b\u3093\u3002<\/p>\n<p 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href=\"https:\/\/gfs.tokyo\/\">GFS<\/a>\u304c\u63d0\u4f9b\u3059\u308b\u7121\u6599\u30aa\u30f3\u30e9\u30a4\u30f3\u8b1b\u5ea7\u3067\u3059\u3002\u30d7\u30ed\u306e\u6295\u8cc7\u5bb6\u3067\u3042\u308b\u8b1b\u5e2b\u304c\u3001\u672a\u7d4c\u9a13\u8005\u3084\u82e6\u624b\u610f\u8b58\u304c\u3042\u308b\u4eba\u3067\u3082\u5206\u304b\u308b\u3088\u3046\u306b\u3001\u6295\u8cc7\u306e\u4ed5\u7d44\u307f\u3084\u5168\u4f53\u50cf\u3001\u30eb\u30fc\u30eb\u3092\u57fa\u790e\u304b\u3089\u56f3\u89e3\u3092\u4ea4\u3048\u3066\u89e3\u8aac\u3057\u307e\u3059\u3002<\/p>\n<p>\u6295\u8cc7\u306e\u52c9\u5f37\u3092\u306a\u308b\u3079\u304f\u52b9\u7387\u3088\u304f\u59cb\u3081\u305f\u3044\u4eba\u306f\u3001\u305c\u3072\u4e00\u5ea6\u3054\u8996\u8074\u304f\u3060\u3055\u3044\u3002<\/p>\n<div class=\"cv-btn-wrap\">\n<div class=\"cv-copy\" style=\"text-align: center;\"><strong><a href=\"https:\/\/toushi-up.com\/ow\/05.html?utm_source=article&amp;utm_medium=16989&amp;utm_content=16989\">\uff3c1\u5206\u3067\u7c21\u5358\u7533\u8fbc\uff0f<\/a><\/strong><\/div>\n<div class=\"cv-btn\" style=\"text-align: center;\"><strong><span class=\"cv-em\">\u7121\u6599<\/span><\/strong><br \/>\n<strong><span class=\"cv-text\"><a href=\"https:\/\/toushi-up.com\/ow\/05.html?utm_source=article&amp;utm_medium=16989&amp;utm_content=16989\n\">\u30aa\u30f3\u30e9\u30a4\u30f3\u8b1b\u5ea7\u306f\u3053\u3061\u3089<\/a><\/span><\/strong><\/div>\n<\/div>\n<\/div>\n<\/div>\n<h3 data-path-to-node=\"4\">\u3010\u91cd\u8981\u3011\u514d\u8cac\u4e8b\u9805<\/h3>\n<ul data-path-to-node=\"5\">\n<li>\n<p data-path-to-node=\"5,0,0\"><b data-path-to-node=\"5,0,0\" data-index-in-node=\"0\">\u6295\u8cc7\u5224\u65ad\u306e\u6700\u7d42\u8cac\u4efb\uff1a<\/b> 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