{"id":45285,"date":"2020-11-20T16:10:04","date_gmt":"2020-11-20T07:10:04","guid":{"rendered":"https:\/\/biz.moneyforward.com\/accounting\/basic\/?p=45285"},"modified":"2026-01-08T11:01:26","modified_gmt":"2026-01-08T02:01:26","slug":"ebitda%e3%81%a8%e3%81%af%ef%bc%9f%e6%84%8f%e5%91%b3%e3%83%bb%e8%aa%ad%e3%81%bf%e6%96%b9%e3%83%bb%e3%83%a1%e3%83%aa%e3%83%83%e3%83%88%e3%82%84%e8%a8%88%e7%ae%97%e5%bc%8f%e3%81%be%e3%81%a8%e3%82%81","status":"publish","type":"post","link":"https:\/\/biz.moneyforward.com\/accounting\/basic\/45285\/","title":{"rendered":"EBITDA\u3068\u306f\uff1f\u55b6\u696d\u5229\u76ca\u3084EBIT\u3068\u306e\u9055\u3044\u3001\u898b\u65b9\u3084\u8a08\u7b97\u65b9\u6cd5\u3092\u308f\u304b\u308a\u3084\u3059\u304f\u89e3\u8aac"},"content":{"rendered":"<p>EBITDA\uff08\u30a4\u30fc\u30d3\u30c3\u30c8\u30c7\u30a3\u30fc\u30a8\u30fc\uff09\u3068\u306f\u3001\u4f01\u696d\u306e\u300c\u30ad\u30e3\u30c3\u30b7\u30e5\u3092\u751f\u307f\u51fa\u3059\u529b\uff08\u7a3c\u3050\u529b\uff09\u300d\u3092\u6e2c\u308b\u305f\u3081\u306e\u7d4c\u55b6\u6307\u6a19\u3067\u3059\u3002M&amp;A\uff08\u4f01\u696d\u306e\u5408\u4f75\u3084\u8cb7\u53ce\uff09\u3092\u3059\u308b\u969b\u306b\u3001\u76f8\u624b\u4f01\u696d\u306e\u4fa1\u5024\u8a55\u4fa1\u3084\u56fd\u969b\u7684\u306a\u8d77\u696d\u6bd4\u8f03\u306e\u969b\u306b\u7528\u3044\u3089\u308c\u307e\u3059\u3002<\/p>\n<p>\u4f1a\u8a08\u4e0a\u306e\u5229\u76ca\u3068\u306f\u7570\u306a\u308a\u3001\u91d1\u5229\u3084\u7a0e\u91d1\u3001<a href=\"https:\/\/biz.moneyforward.com\/accounting\/basic\/148\/\" data-internallinksmanager029f6b8e52c=\"240\" title=\"\u6e1b\u4fa1\u511f\u5374\u8cbb\">\u6e1b\u4fa1\u511f\u5374\u8cbb<\/a>\u306e\u5f71\u97ff\u3092\u6392\u9664\u3057\u3066\u7b97\u51fa\u3059\u308b\u305f\u3081\u3001\u4f01\u696d\u304c\u672c\u696d\u3067\u3069\u308c\u3060\u3051\u306e\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u3092\u751f\u307f\u51fa\u3057\u3066\u3044\u308b\u304b\u3092\u7c21\u6613\u7684\u306b\u628a\u63e1\u3067\u304d\u307e\u3059\u3002<\/p>\n<p>\u5408\u4f75\u3084\u8cb7\u53ce\u3092\u691c\u8a0e\u3059\u308b\u3046\u3048\u3067\u6709\u7528\u306a\u6307\u6a19\u3067\u3059\u304c\u3001\u65e5\u5e38\u306e\u5b9f\u52d9\u306b\u304a\u3044\u3066\u3001EBITDA\u3068<a href=\"https:\/\/biz.moneyforward.com\/accounting\/basic\/38796\/\" data-internallinksmanager029f6b8e52c=\"250\" title=\"\u55b6\u696d\u5229\u76ca\">\u55b6\u696d\u5229\u76ca<\/a>\u3068\u306e\u9055\u3044\u3084\u8a08\u7b97\u65b9\u6cd5\u304c\u308f\u304b\u308a\u306b\u304f\u3044\u3068\u611f\u3058\u308b\u65b9\u3082\u3044\u308b\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>\u4eca\u56de\u306f\u3001EBITDA\u306e\u8a08\u7b97\u65b9\u6cd5\u3084\u30e1\u30ea\u30c3\u30c8\u3001\u30c7\u30e1\u30ea\u30c3\u30c8\u3001\u55b6\u696d\u5229\u76ca\u3068\u306e\u9055\u3044\u3001EV\/EBITDA\u500d\u7387\u306b\u3064\u3044\u3066\u308f\u304b\u308a\u3084\u3059\u304f\u89e3\u8aac\u3057\u307e\u3059\u3002<\/p>\n    <div class=\"advads-templates-box\">\n        <a class=\"advads-templates-box-link\" data-impression-and-click-trigger=\"templatesbox\" href=\"https:\/\/biz.moneyforward.com\/accounting\/templates\/1557\/?provider=ac_basic&provider_info=cv.45285.part.templates-box\" target=\"_blank\" rel=\"noopener\">\n            <div class=\"advads-templates-box-inner\">\n                <div class=\"advads-templates-box-images\">\n                    <div class=\"advads-templates-box-img-wrap\"><div class=\"advads-templates-box-img\"><img decoding=\"async\" src=\"https:\/\/biz.moneyforward.com\/accounting\/basic\/wp-content\/uploads\/2025\/12\/minibook_accounting_45285.png\" alt=\"\" width=\"200\" height=\"auto\"><\/div><p><\/p><\/div>\n                <\/div>\n                <div class=\"advads-templates-box-desc\">\n                    <p class=\"advads-templates-box-title\" data-impression-and-click-trigger-link-text>\u3010\u4fdd\u5b58\u7248\u3011EBITDA\u5165\u9580\uff06\u6d3b\u7528\u30df\u30cb\u30d6\u30c3\u30af<\/p>\n                    <p class=\"advads-templates-box-text\">\u3010\u4fdd\u5b58\u7248\u3011EBITDA\u5165\u9580\uff06\u6d3b\u7528\u30df\u30cb\u30d6\u30c3\u30af\u3092\u7121\u6599\u3067\u63d0\u4f9b\u3057\u3066\u3044\u307e\u3059\u3002\u305c\u3072\u3054\u81ea\u7531\u306b\u30c0\u30a6\u30f3\u30ed\u30fc\u30c9\u3057\u3066\u6d3b\u7528\u304f\u3060\u3055\u3044\u3002<\/p>\n                    <span class=\"advads-button-primary\">\u7121\u6599\u3067\u30c0\u30a6\u30f3\u30ed\u30fc\u30c9\u3059\u308b<\/span>\n                <\/div>\n            <\/div>\n        <\/a>\n    <\/div>\n<div id=\"post-below-intro\"><\/div><h2>EBITDA\u3068\u306f?<\/h2>\n<p><span style=\"background-color: #ffff99;\"><b>EBITDA\uff08\u30a4\u30fc\u30d3\u30c3\u30c8\u30c7\u30a3\u30fc\u30a8\u30fc\/\u30a4\u30fc\u30d3\u30c3\u30c8\u30c0\u30fc\uff09\u306f\u3001\u4f01\u696d\u304c\u4e8b\u696d\u6d3b\u52d5\u304b\u3089\u3069\u308c\u3060\u3051\u306e\u30ad\u30e3\u30c3\u30b7\u30e5\u3092\u751f\u307f\u51fa\u3057\u3066\u3044\u308b\u304b\u3092\u793a\u3059\u6307\u6a19\u3067\u3059\u3002<\/b><\/span>\u82f1\u8a9e\u306e\u300cEarnings Before Interest, Taxes, Depreciation, and Amortization\u300d\u306e\u7565\u3067\u3001\u65e5\u672c\u8a9e\u3067\u306f\u300c\u5229\u6255\u3044\u524d\u3001\u7a0e\u5f15\u304d\u524d\u3001\u6e1b\u4fa1\u511f\u5374\u524d\u5229\u76ca\u300d\u3084\u300c\u91d1\u5229\u3001\u7a0e\u91d1\u3001\u511f\u5374\u524d\u5229\u76ca\u300d\u306a\u3069\u306e\u3088\u3046\u306a\u610f\u5473\u3068\u306a\u308a\u307e\u3059\u3002\u7c21\u6613\u7684\u306b\u306f\u55b6\u696d\u5229\u76ca\u306b\u6e1b\u4fa1\u511f\u5374\u8cbb\u3092\u52a0\u3048\u3066\u8a08\u7b97\u3057\u307e\u3059\u3002<\/p>\n<p>\u3053\u308c\u306f\u3001\u7d14\u5229\u76ca\u306b\u5bfe\u3059\u308b\u300c\u7a0e\u7387\u3084\u3001<a href=\"https:\/\/biz.moneyforward.com\/accounting\/basic\/45337\/\" data-internallinksmanager029f6b8e52c=\"454\" title=\"\u501f\u5165\u91d1\">\u501f\u5165\u91d1<\/a>\u5229\u3001\u6e1b\u4fa1\u511f\u5374\u8cbb\u300d\u306e\u6271\u3044\u304c\u305d\u308c\u305e\u308c\u56fd\u306b\u3088\u3063\u3066\u7570\u306a\u308b\u306e\u3067\u3001\u3053\u306e\u9055\u3044\u3092\u6700\u5c0f\u9650\u306b\u6291\u3048\u3066\u300c\u56fd\u969b\u7684\u306a\u4f01\u696d\u4fa1\u5024\u306e\u6bd4\u8f03\u3084\u8a55\u4fa1\u300d\u3092\u3059\u308b\u5834\u5408\u306b\u3001EBITDA\u304c\u5229\u7528\u3055\u308c\u307e\u3059\u3002<\/p>\n<h3>EBITDA\u306e\u5b9a\u7fa9\u3068\u5404\u8981\u7d20\u306e\u610f\u5473<\/h3>\n<p><span style=\"background-color: #ffff99;\"><b>EBITDA\u306f\u3001\u5229\u76ca\u8a08\u7b97\u304b\u3089\u4ee5\u4e0b\u306e5\u3064\u306e\u8981\u7d20\u3092\u6392\u9664\uff08\u8db3\u3057\u623b\u3059\uff09\u3059\u308b\u3068\u3044\u3046\u610f\u5473\u3092\u6301\u3063\u3066\u3044\u307e\u3059\u3002<\/b><\/span><\/p>\n<div class=\"summary-box\">\n<ol class=\"summary-box__list summary-box__list--number\">\n<li><strong>Interest (\u5229\u6255\u3044)<\/strong>\uff1a<a href=\"https:\/\/biz.moneyforward.com\/accounting\/basic\/66470\/\" data-internallinksmanager029f6b8e52c=\"378\" title=\"\u652f\u6255\u5229\u606f\">\u652f\u6255\u5229\u606f<\/a>\u3002\u4f01\u696d\u306e\u8ca1\u52d9\u6d3b\u52d5\uff08\u501f\u5165\uff09\u306b\u3088\u3063\u3066\u751f\u3058\u308b\u30b3\u30b9\u30c8\u3002<\/li>\n<li><strong>Taxes (\u7a0e\u91d1)<\/strong>\uff1a<a href=\"https:\/\/biz.moneyforward.com\/accounting\/basic\/65605\/\" data-internallinksmanager029f6b8e52c=\"472\" title=\"\u6cd5\u4eba\u7a0e\">\u6cd5\u4eba\u7a0e<\/a>\u306a\u3069\u3002\u56fd\u3084\u5730\u57df\u306e\u7a0e\u5236\u306b\u3088\u3063\u3066\u5909\u52d5\u3059\u308b\u30b3\u30b9\u30c8\u3002<\/li>\n<li><strong>Depreciation (\u6e1b\u4fa1\u511f\u5374\u8cbb)<\/strong>\uff1a<a href=\"https:\/\/biz.moneyforward.com\/accounting\/basic\/21316\/\" data-internallinksmanager029f6b8e52c=\"133\" title=\"\u6709\u5f62\u56fa\u5b9a\u8cc7\u7523\">\u6709\u5f62\u56fa\u5b9a\u8cc7\u7523<\/a>\uff08\u5efa\u7269\u3001\u6a5f\u68b0\u306a\u3069\uff09\u306e\u6e1b\u4fa1\u511f\u5374\u8cbb\u3002\u4f1a\u8a08\u4e0a\u306e\u8cbb\u7528\u3060\u304c\u3001\u5b9f\u969b\u306e\u73fe\u91d1\u652f\u51fa\uff08\u30ad\u30e3\u30c3\u30b7\u30e5\u30a2\u30a6\u30c8\uff09\u3092\u4f34\u308f\u306a\u3044\u3002<\/li>\n<li><strong>Amortization (\u511f\u5374\u8cbb)<\/strong>\uff1a<a href=\"https:\/\/biz.moneyforward.com\/accounting\/basic\/21316\/\" data-internallinksmanager029f6b8e52c=\"130\" title=\"\u7121\u5f62\u56fa\u5b9a\u8cc7\u7523\">\u7121\u5f62\u56fa\u5b9a\u8cc7\u7523<\/a>\uff08\u306e\u308c\u3093\u3001\u30bd\u30d5\u30c8\u30a6\u30a7\u30a2\u306a\u3069\uff09\u306e\u511f\u5374\u8cbb\u3002Depreciation\u3068\u540c\u69d8\u3001\u975e\u73fe\u91d1\u652f\u51fa\u8cbb\u7528\u3002<\/li>\n<li><strong>Earning\uff08\u5229\u76ca\uff09<\/strong>\uff1a\u300c\u7a3c\u304e\u300d\u300c\u53ce\u5165\u300d\u306e\u610f\u5473\u3067\u4f7f\u308f\u308c\u308b\u3053\u3068\u3082\u3042\u308a\u307e\u3059\u304c\u3001\u4f1a\u8a08\u4e0a\u306f\u300c\u5229\u76ca\u300d\u3092\u6307\u3059\u3053\u3068\u304c\u4e00\u822c\u7684\u3002<\/li>\n<\/ol>\n<\/div>\n<h3>EBITDA\u3092\u5229\u7528\u3059\u308b\u30b7\u30fc\u30f3<\/h3>\n<p><span style=\"background-color: #ffff99;\"><b>EBITDA\u306f\u3001\u7570\u306a\u308b\u6761\u4ef6\u4e0b\u306b\u3042\u308b\u4f01\u696d\u306e\u300c\u672c\u696d\u306e\u7a3c\u3050\u529b\u300d\u3092\u6bd4\u8f03\u3059\u308b\u305f\u3081\u306b\u3001\u4ee5\u4e0b\u306e\u3088\u3046\u306a\u30b7\u30fc\u30f3\u3067\u7279\u306b\u6d3b\u7528\u3055\u308c\u307e\u3059\u3002<\/b><\/span><\/p>\n<div class=\"summary-box\">\n<ul class=\"summary-box__list summary-box__list\">\n<li><strong>M&amp;A\uff08\u4f01\u696d\u306e\u5408\u4f75\u30fb\u8cb7\u53ce\uff09\uff1a<\/strong><br \/>\n\u8cb7\u53ce\u5bfe\u8c61\u4f01\u696d\u306e\u4fa1\u5024\u3092\u8a55\u4fa1\uff08\u30d0\u30ea\u30e5\u30a8\u30fc\u30b7\u30e7\u30f3\uff09\u3059\u308b\u969b\u306b\u3088\u304f\u4f7f\u308f\u308c\u307e\u3059\u3002\u7279\u306b\u300cEV\/EBITDA\u500d\u7387\u300d\u3068\u3044\u3046\u6307\u6a19\u306f\u3001\u8cb7\u53ce\u306b\u304b\u304b\u308b\u30b3\u30b9\u30c8\u3092\u4f55\u5e74\u5206\u306e\u30ad\u30e3\u30c3\u30b7\u30e5\u5275\u51fa\u529b\u3067\u56de\u53ce\u3067\u304d\u308b\u304b\u3092\u793a\u3059\u7c21\u6613\u7684\u306a\u76ee\u5b89\u3068\u306a\u308a\u307e\u3059\u3002<\/li>\n<li><strong>\u30b0\u30ed\u30fc\u30d0\u30eb\u4f01\u696d\u306e\u6bd4\u8f03\uff1a<\/strong><br \/>\n\u56fd\u306b\u3088\u3063\u3066\u7a0e\u7387\u3084\u91d1\u5229\u6c34\u6e96\u3001\u4f1a\u8a08\u4e0a\u306e\u6e1b\u4fa1\u511f\u5374\u30eb\u30fc\u30eb\u304c\u7570\u306a\u308a\u307e\u3059\u3002EBITDA\u306f\u3053\u308c\u3089\u306e\u5f71\u97ff\u3092\u6392\u9664\u3059\u308b\u305f\u3081\u3001\u7570\u306a\u308b\u56fd\u306e\u4f01\u696d\u540c\u58eb\u306e\u53ce\u76ca\u6027\u3092\u6bd4\u8f03\u3059\u308b\u306e\u306b\u9069\u3057\u3066\u3044\u307e\u3059\u3002<\/li>\n<li><strong>\u8a2d\u5099\u6295\u8cc7\u304c\u591a\u3044\u696d\u7a2e\u306e\u5206\u6790\uff1a<\/strong><br \/>\n\u88fd\u9020\u696d\u3084\u901a\u4fe1\u696d\u3001\u904b\u8f38\u696d\u306e\u3088\u3046\u306b\u3001\u5927\u898f\u6a21\u306a\u8a2d\u5099\u6295\u8cc7\u304c\u5148\u884c\u3057\u3001\u6e1b\u4fa1\u511f\u5374\u8cbb\u304c\u5927\u304d\u304f\u306a\u308a\u304c\u3061\u306a\u696d\u7a2e\u306e\u4f01\u696d\u3092\u8a55\u4fa1\u3059\u308b\u969b\u306b\u7528\u3044\u307e\u3059\u3002EBITDA\u306f\u6e1b\u4fa1\u511f\u5374\u8cbb\u306e\u5f71\u97ff\u3092\u53d7\u3051\u306a\u3044\u305f\u3081\u3001\u8a2d\u5099\u6295\u8cc7\u306e\u898f\u6a21\u306b\u5de6\u53f3\u3055\u308c\u306b\u304f\u3044\u30ad\u30e3\u30c3\u30b7\u30e5\u30d9\u30fc\u30b9\u306e\u53ce\u76ca\u529b\u3092\u6e2c\u308c\u307e\u3059\u3002<\/li>\n<\/ul>\n<\/div>\n<h2>EBITDA\u3092\u6d3b\u7528\u3059\u308b\u30e1\u30ea\u30c3\u30c8<\/h2>\n<p><span style=\"background-color: #ffff99;\"><b>EBITDA\u3092\u6d3b\u7528\u3059\u308b\u4e3b\u306a\u30e1\u30ea\u30c3\u30c8\u306f\u3001\u4f1a\u8a08\u4e0a\u306e\u5229\u76ca\uff08\u55b6\u696d\u5229\u76ca\u306a\u3069\uff09\u3060\u3051\u3067\u306f\u898b\u3048\u306b\u304f\u3044\u300c\u4f01\u696d\u304c\u672c\u696d\u3067\u7a3c\u3050\u529b\uff08\u30ad\u30e3\u30c3\u30b7\u30e5\u5275\u51fa\u529b\uff09\u300d\u3092\u3001\u7570\u306a\u308b\u6761\u4ef6\u306e\u4f01\u696d\u540c\u58eb\u3067\u3082\u516c\u5e73\u306b\u6bd4\u8f03\u3057\u3084\u3059\u304f\u3059\u308b\u70b9\u306b\u3042\u308a\u307e\u3059\u3002<\/b><\/span><\/p>\n<h3>1. \u56fd\u969b\u7684\u306a\u4f01\u696d\u6bd4\u8f03\u304c\u3057\u3084\u3059\u3044<\/h3>\n<p><span style=\"background-color: #ffff99;\"><b>\u4f01\u696d\u3092\u6bd4\u8f03\u5206\u6790\u3057\u3088\u3046\u3068\u3059\u308b\u969b\u3001\u56fd\u306b\u3088\u3063\u3066\u300c\u7a0e\u7387\u300d\u3084\u300c\u91d1\u5229\u6c34\u6e96\u300d\u3001\u3055\u3089\u306b\u306f\u300c\u6e1b\u4fa1\u511f\u5374\u300d\u306e\u4f1a\u8a08\u30eb\u30fc\u30eb\u304c\u7570\u306a\u308b\u305f\u3081\u3001\u5358\u7d14\u306b<a href=\"https:\/\/biz.moneyforward.com\/accounting\/basic\/45120\/\" data-internallinksmanager029f6b8e52c=\"222\" title=\"\u5f53\u671f\u7d14\u5229\u76ca\">\u5f53\u671f\u7d14\u5229\u76ca<\/a>\u306a\u3069\u3067\u6bd4\u3079\u3066\u3082\u3001\u672c\u696d\u306e\u53ce\u76ca\u529b\u3092\u6b63\u78ba\u306b\u8a55\u4fa1\u3057\u306b\u304f\u3044\u5834\u5408\u304c\u3042\u308a\u307e\u3059\u3002<\/b><\/span><\/p>\n<p>EBITDA\u306f\u3001\u305d\u3046\u3057\u305f\u7a0e\u91d1(Taxes)\u3084\u91d1\u5229(Interest)\u3001\u6e1b\u4fa1\u511f\u5374\u8cbb(D, A)\u306e\u5f71\u97ff\u3092\u8a08\u7b97\u304b\u3089\u9664\u5916\u3057\u307e\u3059\u3002\u3053\u308c\u306b\u3088\u308a\u3001\u56fd\u3054\u3068\u306e\u5236\u5ea6\u3084\u4f1a\u8a08\u30eb\u30fc\u30eb\u306e\u9055\u3044\u306b\u5de6\u53f3\u3055\u308c\u306b\u304f\u3044\u3001\u7d71\u4e00\u3055\u308c\u305f\u30e2\u30ce\u30b5\u30b7\u3067\u300c\u7a3c\u3050\u529b\u300d\u3092\u6bd4\u3079\u3089\u308c\u308b\u3088\u3046\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n<h3>2. \u8a2d\u5099\u6295\u8cc7\u306e\u5f71\u97ff\u3092\u9664\u3044\u305f\u300c\u7a3c\u3050\u529b\u300d\u304c\u308f\u304b\u308b<\/h3>\n<p><span style=\"background-color: #ffff99;\"><b>\u88fd\u9020\u696d\u3084\u901a\u4fe1\u696d\u306e\u3088\u3046\u306b\u5927\u898f\u6a21\u306a\u8a2d\u5099\u6295\u8cc7\u3092\u884c\u3046\u4f01\u696d\u3067\u306f\u3001\u4f1a\u8a08\u4e0a\u306e\u300c\u6e1b\u4fa1\u511f\u5374\u8cbb\u300d\u304c\u5927\u304d\u304f\u306a\u308a\u304c\u3061\u3067\u3059\u3002<\/b><\/span>\u6e1b\u4fa1\u511f\u5374\u8cbb\u306f\u55b6\u696d\u5229\u76ca\u3092\u8a08\u7b97\u3059\u308b\u969b\u306b\u5dee\u3057\u5f15\u304b\u308c\u308b\u305f\u3081\u3001\u591a\u984d\u306e\u6295\u8cc7\u3092\u884c\u3063\u305f\u671f\u306f\u3001\u4f1a\u8a08\u4e0a\u306e\u5229\u76ca\u304c\u5b9f\u614b\u3088\u308a\u3082\u5727\u8feb\u3055\u308c\u3066\u898b\u3048\u308b\u3053\u3068\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<p>\u305d\u306e\u70b9\u3001EBITDA\u306f\u55b6\u696d\u5229\u76ca\u306b\u300c\u6e1b\u4fa1\u511f\u5374\u8cbb\u300d\u3092\u8db3\u3057\u623b\u3057\u3066\u8a08\u7b97\u3057\u307e\u3059\u3002\u3053\u308c\u306b\u3088\u308a\u3001\u8a2d\u5099\u6295\u8cc7\u306e\u898f\u6a21\u3084\u30bf\u30a4\u30df\u30f3\u30b0\u3068\u3044\u3063\u305f\u4f1a\u8a08\u51e6\u7406\u306e\u5f71\u97ff\u3092\u53d6\u308a\u9664\u304d\u3001\u300c\u305d\u306e\u4f01\u696d\u304c\u672c\u696d\u306e\u4e8b\u696d\u6d3b\u52d5\u304b\u3089\u3001\u3069\u308c\u3060\u3051\u306e\u30ad\u30e3\u30c3\u30b7\u30e5\u3092\u751f\u307f\u51fa\u3059\u529b\u304c\u3042\u308b\u306e\u304b\u300d\u3068\u3044\u3046\u5b9f\u8cea\u7684\u306a\u53ce\u76ca\u529b\u3092\u8a55\u4fa1\u3067\u304d\u307e\u3059\u3002<\/p>\n<h2>EBITDA\u3092\u898b\u308b\u6642\u306e\u6ce8\u610f\u70b9\uff08\u30c7\u30e1\u30ea\u30c3\u30c8\uff09<\/h2>\n<p><span style=\"background-color: #ffff99;\"><b>EBITDA\u306f\u4fbf\u5229\u306a\u6307\u6a19\u3067\u3059\u304c\u3001\u4e07\u80fd\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002<\/b><\/span>\u3053\u306e\u6570\u5024\u3060\u3051\u3092\u898b\u3066\u4f01\u696d\u3092\u5224\u65ad\u3059\u308b\u3068\u3001\u5b9f\u614b\u3092\u898b\u8aa4\u308b\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<h3>1. \u5b9f\u969b\u306e\u73fe\u91d1\u306e\u52d5\u304d\uff08\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\uff09\u3068\u306f\u7570\u306a\u308b<\/h3>\n<p><span style=\"background-color: #ffff99;\"><b>EBITDA\u306f\u3001\u3042\u304f\u307e\u3067\u300c\u7c21\u6613\u7684\u306a\u30ad\u30e3\u30c3\u30b7\u30e5\u5275\u51fa\u529b\u300d\u3092\u793a\u3059\u6307\u6a19\u3067\u3042\u308a\u3001\u4f1a\u793e\u306b\u6700\u7d42\u7684\u306b\u6b8b\u308b\u73fe\u91d1\uff08\u30d5\u30ea\u30fc\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\uff09\u3084\u3001\u672c\u696d\u306e\u73fe\u91d1\u306e\u52d5\u304d\uff08<a href=\"https:\/\/biz.moneyforward.com\/accounting\/basic\/249\/\" data-internallinksmanager029f6b8e52c=\"5\" title=\"\u55b6\u696d\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\">\u55b6\u696d\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc<\/a>\uff09\u3068\u306f\u7570\u306a\u308a\u307e\u3059\u3002<\/b><\/span><\/p>\n<p>\u306a\u305c\u306a\u3089\u3001EBITDA\u306f\u4ee5\u4e0b\u306e\u652f\u51fa\u3092\u8003\u616e\u3057\u3066\u3044\u306a\u3044\u305f\u3081\u3067\u3059\u3002<\/p>\n<div class=\"summary-box\">\n<ul class=\"summary-box__list summary-box__list\">\n<li><strong>\u7a0e\u91d1\u3084\u652f\u6255\u5229\u606f\u306e\u652f\u6255\u3044\uff1a<\/strong><br \/>\n\u4f01\u696d\u306fEBITDA\u304b\u3089\u7a0e\u91d1\u3084\u501f\u5165\u91d1\u306e\u5229\u606f\u3092\u652f\u6255\u3046\u5fc5\u8981\u304c\u3042\u308a\u3001\u305d\u306e\u5206\u3060\u3051\u73fe\u91d1\u306f\u6e1b\u308a\u307e\u3059\u3002<\/li>\n<li><strong>\u8a2d\u5099\u6295\u8cc7\u306e\u652f\u6255\u3044\uff1a<\/strong><br \/>\n\u6e1b\u4fa1\u511f\u5374\u8cbb\uff08\u4f1a\u8a08\u4e0a\u306e\u8cbb\u7528\uff09\u306f\u8db3\u3057\u623b\u3057\u307e\u3059\u304c\u3001\u5b9f\u969b\u306b\u8a2d\u5099\u3092\u8cfc\u5165\u3059\u308b\u305f\u3081\u306e\u652f\u6255\u3044\uff08\u6295\u8cc7\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\uff09\u306f\u53cd\u6620\u3055\u308c\u307e\u305b\u3093\u3002<\/li>\n<li><strong>\u904b\u8ee2\u8cc7\u672c\u306e\u5909\u52d5\uff1a<\/strong><br \/>\n<a href=\"https:\/\/biz.moneyforward.com\/accounting\/basic\/44284\/\" data-internallinksmanager029f6b8e52c=\"452\" title=\"\u58f2\u639b\u91d1\">\u58f2\u639b\u91d1<\/a>\u306e\u56de\u53ce\u304c\u9045\u308c\u305f\u308a\uff08\u5165\u91d1\u306e\u9045\u308c\uff09\u3001\u5728\u5eab\u304c\u5897\u3048\u305f\u308a\uff08\u73fe\u91d1\u306e\u652f\u51fa\uff09\u3057\u3066\u3082\u3001EBITDA\u306e\u6570\u5024\u306b\u306f\u8868\u308c\u307e\u305b\u3093\u3002<\/li>\n<\/ul>\n<\/div>\n<h3>2. \u8a2d\u5099\u6295\u8cc7\u306e\u8ca0\u62c5\u304c\u96a0\u308c\u3066\u3057\u307e\u3046<\/h3>\n<p><span style=\"background-color: #ffff99;\"><b>EBITDA\u306f\u6e1b\u4fa1\u511f\u5374\u8cbb\u3092\u8db3\u3057\u623b\u3059\u305f\u3081\u3001\u8a2d\u5099\u6295\u8cc7\u306e\u5f71\u97ff\u3092\u9664\u5916\u3067\u304d\u308b\u306e\u304c\u30e1\u30ea\u30c3\u30c8\u3067\u3059\u3002<\/b><\/span>\u3057\u304b\u3057\u88cf\u3092\u8fd4\u305b\u3070\u3001\u300c\u4e8b\u696d\u3092\u7dad\u6301\u30fb\u6210\u9577\u3055\u305b\u308b\u305f\u3081\u306b\u3001\u3069\u308c\u3060\u3051\u518d\u6295\u8cc7\u304c\u5fc5\u8981\u304b\u300d\u3068\u3044\u3046\u30b3\u30b9\u30c8\u304c\u96a0\u308c\u3066\u3057\u307e\u3046\u30c7\u30e1\u30ea\u30c3\u30c8\u306b\u3082\u306a\u308a\u307e\u3059\u3002<\/p>\n<p>EBITDA\u304c\u540c\u984d\u306e2\u793e\u304c\u3042\u3063\u3066\u3082\u3001\u7247\u65b9\u306f\u8a2d\u5099\u6295\u8cc7\u304c\u4e0d\u8981\u306a\u30d3\u30b8\u30cd\u30b9\u3001\u3082\u3046\u7247\u65b9\u306f\u5e38\u306b\u5de8\u984d\u306e\u8a2d\u5099\u66f4\u65b0\u304c\u5fc5\u8981\u306a\u30d3\u30b8\u30cd\u30b9\u3067\u3042\u308c\u3070\u3001\u624b\u5143\u306b\u6b8b\u308b\u30ad\u30e3\u30c3\u30b7\u30e5\u306f\u5168\u304f\u7570\u306a\u308a\u307e\u3059\u3002EBITDA\u306e\u6570\u5024\u3060\u3051\u3092\u898b\u3066\u6295\u8cc7\u5224\u65ad\u3092\u3059\u308b\u3068\u3001\u3053\u3046\u3057\u305f\u5b9f\u614b\u3092\u898b\u843d\u3068\u3059\u5371\u967a\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<h2>EBITDA\u306e\u8a08\u7b97\u65b9\u6cd5<\/h2>\n<p><span style=\"background-color: #ffff99;\"><b>EBITDA\u306f\u6c7a\u307e\u3063\u305f\u8a08\u7b97\u5f0f\u304c\u3042\u308b\u308f\u3051\u3067\u306f\u306a\u304f\u3001\u5206\u6790\u306e\u76ee\u7684\u306b\u5fdc\u3058\u3066\u8907\u6570\u306e\u8a08\u7b97\u65b9\u6cd5\u304c\u4f7f\u308f\u308c\u307e\u3059\u3002<\/b><\/span><\/p>\n<div class=\"summary-box\">\n<ol class=\"summary-box__list summary-box__list--number\">\n<li>EBITDA\uff1d\u55b6\u696d\u5229\u76ca\uff0b\u6e1b\u4fa1\u511f\u5374\u8cbb<\/li>\n<li>EBITDA\uff1d<a href=\"https:\/\/biz.moneyforward.com\/accounting\/basic\/38796\/\" data-internallinksmanager029f6b8e52c=\"335\" title=\"\u7d4c\u5e38\u5229\u76ca\">\u7d4c\u5e38\u5229\u76ca<\/a>\uff0b\u652f\u6255\u5229\u606f\uff0b\u6e1b\u4fa1\u511f\u5374\u8cbb<\/li>\n<li>EBITDA\uff1d<a href=\"https:\/\/biz.moneyforward.com\/accounting\/basic\/45120\/\" data-internallinksmanager029f6b8e52c=\"19\" title=\"\u7a0e\u5f15\u524d\u5f53\u671f\u7d14\u5229\u76ca\">\u7a0e\u5f15\u524d\u5f53\u671f\u7d14\u5229\u76ca<\/a>\uff0b<a href=\"https:\/\/biz.moneyforward.com\/accounting\/basic\/48465\/\" data-internallinksmanager029f6b8e52c=\"390\" title=\"\u7279\u5225\u640d\u76ca\">\u7279\u5225\u640d\u76ca<\/a>\uff0b\u652f\u6255\u5229\u606f\uff0b\u6e1b\u4fa1\u511f\u5374\u8cbb<\/li>\n<li>EBITDA\uff1d\u5f53\u671f\u7d14\u5229\u76ca\uff0b\u6cd5\u4eba\u7a0e\u7b49\uff0b\u7279\u5225\u640d\u76ca\uff0b\u652f\u6255\u5229\u606f\uff0b\u6e1b\u4fa1\u511f\u5374\u8cbb<\/li>\n<\/ol>\n<\/div>\n<p>\u203b\u4e0a\u8a18\u306e\u8a08\u7b97\u5f0f\u3067\u306f\u300c\u6e1b\u4fa1\u511f\u5374\u8cbb\u300d\u3068\u3057\u3066\u3044\u307e\u3059\u304c\u3001\u6709\u5f62\u56fa\u5b9a\u8cc7\u7523\u306e\u300c\u6e1b\u4fa1\u511f\u5374\u8cbb\uff08Depreciation\uff09\u300d\u3068\u3001\u7121\u5f62\u56fa\u5b9a\u8cc7\u7523\u306e\u300c\u511f\u5374\u8cbb\uff08Amortization\uff09\u300d\u306e\u4e21\u65b9\u3092\u542b\u307f\u307e\u3059\u3002<\/p>\n<p>\u3053\u306e\u3046\u3061\u3001\u6700\u3082\u591a\u304f\u5229\u7528\u3055\u308c\u308b\u306e\u304c\u300c\u55b6\u696d\u5229\u76ca\uff0b\u6e1b\u4fa1\u511f\u5374\u8cbb\u300d\u3067\u3059\u3002\u55b6\u696d\u5229\u76ca\u3068\u306f\u3001\u4f01\u696d\u304c\u672c\u696d\u3067\u7a3c\u3044\u3060\u5229\u76ca\u3067\u3001\u652f\u6255\u5229\u606f\u3084\u7a0e\u91d1\u3092\u5dee\u3057\u5f15\u304f\u524d\u306e\u91d1\u984d\u3067\u3059\u3002\u305d\u3057\u3066\u3001\u6e1b\u4fa1\u511f\u5374\u8cbb\u306f\u3001\u4f01\u696d\u304c\u8cfc\u5165\u3057\u305f\u300c\u5efa\u7269\u3084\u5de5\u5834\u3001\u8a2d\u5099\u3001\u5099\u54c1\u300d\u306a\u3069\u306e\u56fa\u5b9a\u8cc7\u7523\u3092\u4f7f\u7528\u53ef\u80fd\u671f\u9593\u306b\u308f\u305f\u3063\u3066\u3001\u5206\u5272\u3057\u3066\u8cbb\u7528\u8a08\u4e0a\u3059\u308b\u51e6\u7406\u306e\u3053\u3068\u3092\u610f\u5473\u3057\u307e\u3059\u3002<\/p>\n<h3>1. \u55b6\u696d\u5229\u76ca\u304b\u3089\u7b97\u51fa\u3059\u308b\u7c21\u6613\u7684\u306a\u65b9\u6cd5<\/h3>\n<div style=\"border: 2px solid #0054ac; padding: 10px 20px; border-radius: 0px; margin-bottom: 1em; text-align: left;\"><strong>EBITDA = \u55b6\u696d\u5229\u76ca + \u6e1b\u4fa1\u511f\u5374\u8cbb<\/strong><\/div>\n<p><span style=\"background-color: #ffff99;\"><b>\u4f01\u696d\u306b\u304a\u3044\u3066\u4e00\u822c\u7684\u306b\u4f7f\u308f\u308c\u308b\u8a08\u7b97\u5f0f\u304c\u3001\u55b6\u696d\u5229\u76ca\u306b\u6e1b\u4fa1\u511f\u5374\u8cbb\u3092\u8db3\u3057\u623b\u3059\u65b9\u6cd5\u3067\u3059\u3002<\/b><\/span><\/p>\n<p><a href=\"https:\/\/biz.moneyforward.com\/accounting\/basic\/130\/\" data-internallinksmanager029f6b8e52c=\"210\" title=\"\u640d\u76ca\u8a08\u7b97\u66f8\">\u640d\u76ca\u8a08\u7b97\u66f8<\/a>\u306e\u55b6\u696d\u5229\u76ca\u306f\u300c\u672c\u696d\u3067\u7a3c\u3044\u3060\u5229\u76ca\u300d\u3067\u3042\u308a\u3001\u652f\u6255\u5229\u606f\u3084\u6cd5\u4eba\u7a0e\u304c\u5dee\u3057\u5f15\u304b\u308c\u308b\u524d\u306e\u5229\u76ca\u3067\u3059\u3002\u305d\u306e\u305f\u3081\u3001\u975e\u73fe\u91d1\u652f\u51fa\u8cbb\u7528\u3067\u3042\u308b\u6e1b\u4fa1\u511f\u5374\u8cbb\uff08\u304a\u3088\u3073\u7121\u5f62\u56fa\u5b9a\u8cc7\u7523\u511f\u5374\u8cbb\uff09\u3092\u8db3\u3057\u623b\u3059\u3060\u3051\u3067\u3001\u7c21\u6613\u7684\u306bEBITDA\u3092\u7b97\u51fa\u3067\u304d\u307e\u3059\u3002\u3059\u3050\u306b\u5927\u307e\u304b\u306aEBITDA\u3092\u77e5\u308a\u305f\u3044\u5834\u5408\u306b\u9069\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u7279\u306b\u3001\u5de5\u5834\u3084\u6a5f\u68b0\u306a\u3069\u8a2d\u5099\u6295\u8cc7\u304c\u591a\u3044\u88fd\u9020\u696d\u306a\u3069\u3067\u3001\u6e1b\u4fa1\u511f\u5374\u8cbb\u3092\u9664\u3044\u305f\u300c\u672c\u696d\u3067\u7a3c\u3050\u529b\u3092\u300d\u3092\u7d20\u65e9\u304f\u8a55\u4fa1\u3057\u305f\u3044\u3068\u304d\u306b\u4f7f\u308f\u308c\u307e\u3059\u3002<\/p>\n<h3>2. \u7d4c\u5e38\u5229\u76ca\u304b\u3089\u7b97\u51fa\u3059\u308b\u65b9\u6cd5<\/h3>\n<div style=\"border: 2px solid #0054ac; padding: 10px 20px; border-radius: 0px; margin-bottom: 1em; text-align: left;\"><strong>EBITDA = \u7d4c\u5e38\u5229\u76ca + \u652f\u6255\u5229\u606f + \u6e1b\u4fa1\u511f\u5374\u8cbb<\/strong><\/div>\n<p><span style=\"background-color: #ffff99;\"><b>\u7d4c\u5e38\u5229\u76ca\u306f\u3001\u672c\u696d\u306e\u5229\u76ca\uff08\u55b6\u696d\u5229\u76ca\uff09\u306b\u3001\u91d1\u878d\u53ce\u652f\uff08<a href=\"https:\/\/biz.moneyforward.com\/accounting\/basic\/47937\/\" data-internallinksmanager029f6b8e52c=\"264\" title=\"\u53d7\u53d6\u5229\u606f\">\u53d7\u53d6\u5229\u606f<\/a>\u3084\u652f\u6255\u5229\u606f\u306a\u3069\uff09\u3092\u52a0\u6e1b\u3057\u305f\u5229\u76ca\u3067\u3059\u3002<\/b><\/span><\/p>\n<p>EBITDA\u306f\u300c\u5229\u6255\u3044\u524d(Interest)\u300d\u306e\u5229\u76ca\u3092\u6e2c\u308b\u6307\u6a19\u3067\u3042\u308b\u305f\u3081\u3001\u7d4c\u5e38\u5229\u76ca\u306e\u8a08\u7b97\u6bb5\u968e\u3067\u3059\u3067\u306b\u5dee\u3057\u5f15\u304b\u308c\u3066\u3044\u308b\u300c\u652f\u6255\u5229\u606f\u300d\u3092\u8db3\u3057\u623b\u3059\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002\u3042\u308f\u305b\u3066\u300c\u6e1b\u4fa1\u511f\u5374\u8cbb\u300d\u3082\u8db3\u3057\u623b\u3057\u307e\u3059\u3002<\/p>\n<p>\u501f\u5165\u91d1\u304c\u591a\u3044\u4f1a\u793e\uff08\u652f\u6255\u5229\u606f\u304c\u591a\u3044\uff09\u3084\u3001\u9006\u306b\u53d7\u53d6\u5229\u606f\u306a\u3069\u55b6\u696d\u5916\u306e\u53ce\u76ca\u304c\u591a\u3044\u4f1a\u793e\u306e\u5206\u6790\u306b\u4f7f\u3048\u307e\u3059\u3002\u5229\u606f\u306e\u5f71\u97ff\u3092\u53d6\u308a\u9664\u304f\u3053\u3068\u3067\u3001\u672c\u696d\u3068<a href=\"https:\/\/biz.moneyforward.com\/accounting\/basic\/46267\/\" data-internallinksmanager029f6b8e52c=\"151\" title=\"\u55b6\u696d\u5916\u53ce\u76ca\">\u55b6\u696d\u5916\u53ce\u76ca<\/a>\u3092\u5408\u308f\u305b\u305f\u300c\u4f1a\u793e\u5168\u4f53\u306e\u7a3c\u3050\u529b\u300d\u304c\u308f\u304b\u308a\u307e\u3059\u3002<\/p>\n<h3>3. \u7a0e\u5f15\u524d\u5f53\u671f\u7d14\u5229\u76ca\u304b\u3089\u7b97\u51fa\u3059\u308b\u65b9\u6cd5<\/h3>\n<div style=\"border: 2px solid #0054ac; padding: 10px 20px; border-radius: 0px; margin-bottom: 1em; text-align: left;\"><strong>EBITDA = \u7a0e\u5f15\u524d\u5f53\u671f\u7d14\u5229\u76ca + \u652f\u6255\u5229\u606f + \u6e1b\u4fa1\u511f\u5374\u8cbb \u00b1 \u7279\u5225\u640d\u76ca\uff08\u8abf\u6574\uff09<\/strong><\/div>\n<p><span style=\"background-color: #ffff99;\"><b>\u7a0e\u5f15\u524d\u5f53\u671f\u7d14\u5229\u76ca\u306f\u3001\u7d4c\u5e38\u5229\u76ca\u306b\u3001\u305d\u306e\u671f\u7279\u6709\u306e\u4e00\u6642\u7684\u306a\u300c\u7279\u5225\u5229\u76ca\u300d\uff08\u4f8b\uff1a<a href=\"https:\/\/biz.moneyforward.com\/words\/1300\/\" data-internallinksmanager029f6b8e52c=\"34\" title=\"\u56fa\u5b9a\u8cc7\u7523\u58f2\u5374\u76ca\">\u56fa\u5b9a\u8cc7\u7523\u58f2\u5374\u76ca<\/a>\uff09\u3084\u300c\u7279\u5225\u640d\u5931\u300d\uff08\u4f8b\uff1a<a href=\"https:\/\/biz.moneyforward.com\/accounting\/basic\/47274\/\" data-internallinksmanager029f6b8e52c=\"352\" title=\"\u707d\u5bb3\u640d\u5931\">\u707d\u5bb3\u640d\u5931<\/a>\uff09\u3092\u52a0\u6e1b\u3057\u305f\u5f8c\u306e\u5229\u76ca\u3067\u3059\u3002<\/b><\/span><\/p>\n<p>EBITDA\u306f\u7d4c\u5e38\u7684\u306a\u300c\u7a3c\u3050\u529b\u300d\u3092\u6e2c\u308b\u6307\u6a19\u3067\u3042\u308b\u305f\u3081\u3001\u3053\u308c\u3089\u4e00\u6642\u7684\u306a\u8981\u56e0\uff08\u7279\u5225\u640d\u76ca\uff09\u306e\u5f71\u97ff\u3092\u6392\u9664\u3059\u308b\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\uff08\u5dee\u3057\u5f15\u304b\u308c\u305f\u7279\u5225\u640d\u5931\u306f\u8db3\u3057\u623b\u3057\u3001\u52a0\u3048\u3089\u308c\u305f\u7279\u5225\u5229\u76ca\u306f\u5dee\u3057\u5f15\u304f\uff09\u3002\u3042\u308f\u305b\u3066\u300c\u652f\u6255\u5229\u606f\u300d\u3068\u300c\u6e1b\u4fa1\u511f\u5374\u8cbb\u300d\u3082\u8db3\u3057\u623b\u3057\u307e\u3059\u3002<\/p>\n<p>\u30ea\u30b9\u30c8\u30e9\u8cbb\u7528\u3084\u8cc7\u7523\u58f2\u5374\u306a\u3069\u3001\u305d\u306e\u5e74\u3060\u3051\u767a\u751f\u3057\u305f\u300c\u7279\u5225\u306a\u640d\u76ca\u300d\u304c\u3042\u3063\u305f\u5834\u5408\u306b\u6709\u52b9\u3067\u3059\u3002\u305d\u3046\u3057\u305f\u4e00\u6642\u7684\u306a\u8981\u56e0\u3092\u9664\u5916\u3057\u3066\u3001\u4f1a\u793e\u306e\u300c\u666e\u6bb5\u3069\u304a\u308a\u306e\u7a3c\u3050\u529b\u300d\u3092\u898b\u305f\u3044\u3068\u304d\u306b\u4f7f\u308f\u308c\u307e\u3059\u3002<\/p>\n<h3>4. \u5f53\u671f\u7d14\u5229\u76ca\u304b\u3089\u7b97\u51fa\u3059\u308b\u8a73\u7d30\u306a\u65b9\u6cd5<\/h3>\n<div style=\"border: 2px solid #0054ac; padding: 10px 20px; border-radius: 0px; margin-bottom: 1em; text-align: left;\"><strong>EBITDA = \u5f53\u671f\u7d14\u5229\u76ca + \u6cd5\u4eba\u7a0e\u7b49 + \u652f\u6255\u5229\u606f + \u6e1b\u4fa1\u511f\u5374\u8cbb \u00b1 \u7279\u5225\u640d\u76ca\uff08\u8abf\u6574\uff09<\/strong><\/div>\n<p><span style=\"background-color: #ffff99;\"><b>\u4f01\u696d\u306e\u6700\u7d42\u5229\u76ca\u3067\u3042\u308b\u300c\u5f53\u671f\u7d14\u5229\u76ca\u300d\u304b\u3089\u9061\u3063\u3066\u8a08\u7b97\u3059\u308b\u65b9\u6cd5\u3067\u3059\u3002<\/b><\/span>EBITDA\u306e\u5404\u8981\u7d20\u3067\u3042\u308b\u300c\u5229\u6255\u3044\u524d(I)\u300d\u300c\u7a0e\u5f15\u304d\u524d(T)\u300d\u300c\u6e1b\u4fa1\u511f\u5374\u524d(D, A)\u300d\u3092\u3001\u5f53\u671f\u7d14\u5229\u76ca\u306b\u3059\u3079\u3066\u8db3\u3057\u623b\u3057\u3066\u3044\u304d\u307e\u3059\u3002<\/p>\n<p>\u5f53\u671f\u7d14\u5229\u76ca\u306f\u3001\u6cd5\u4eba\u7a0e\u7b49\u3001\u652f\u6255\u5229\u606f\u3001\u6e1b\u4fa1\u511f\u5374\u8cbb\u3001\u7279\u5225\u640d\u76ca\u304c\u3059\u3079\u3066\u5dee\u3057\u5f15\u304b\u308c\u305f\uff08\u307e\u305f\u306f\u52a0\u3048\u3089\u308c\u305f\uff09\u5f8c\u306e\u6570\u5024\u3067\u3042\u308b\u305f\u3081\u3001\u3053\u308c\u3089\u3059\u3079\u3066\u3092\u8abf\u6574\u3057\u3066\u623b\u3057\u307e\u3059\u3002<\/p>\n<p>EBITDA\u306e\u5143\u3005\u306e\u5b9a\u7fa9\u306b\u4e00\u756a\u8fd1\u3044\u8a08\u7b97\u65b9\u6cd5\u3067\u3059\u3002\u56fd\u3054\u3068\u306e\u7a0e\u7387\u3084\u4f1a\u8a08\u30eb\u30fc\u30eb\u306e\u9055\u3044\u3092\u304d\u3063\u3061\u308a\u8abf\u6574\u3059\u308b\u305f\u3081\u3001\u6d77\u5916\u4f01\u696d\u3068\u306e\u6bd4\u8f03\u3084\u3001M&amp;A\u3067\u53b3\u5bc6\u306b\u4f01\u696d\u4fa1\u5024\u3092\u8abf\u3079\u308b\u969b\u306b\u4f7f\u308f\u308c\u307e\u3059\u3002<\/p>\n<h2>EBITDA\u3092\u4f7f\u3063\u305f\u6307\u6a19\u306e\u76ee\u5b89\u306f\uff1f<\/h2>\n<p><span style=\"background-color: #ffff99;\"><b>EBITDA\u306f\u3001\u4ed6\u306e\u6570\u5024\u3068\u7d44\u307f\u5408\u308f\u305b\u305f\u300cEV\/EBITDA\u500d\u7387\u300d\u3084\u300cEBITDA\u30de\u30fc\u30b8\u30f3\uff08EBITDA\u7387\uff09\u300d\u3068\u3044\u3063\u305f\u500d\u7387\u3084\u30de\u30fc\u30b8\u30f3\uff08\u6bd4\u7387\uff09\u3068\u3057\u3066\u6d3b\u7528\u3055\u308c\u307e\u3059\u3002<\/b><\/span>\u3053\u308c\u3089\u306e\u6307\u6a19\u306f\u3001M&amp;A\u306b\u304a\u3051\u308b\u4f01\u696d\u4fa1\u5024\u306e\u5272\u5b89\u5ea6\u3001\u672c\u696d\u306e\u53ce\u76ca\u6027\u3001\u307e\u305f\u306f\u8ca1\u52d9\u306e\u5065\u5168\u6027\uff08\u501f\u5165\u91d1\u306e\u8fd4\u6e08\u80fd\u529b\uff09\u3092\u6e2c\u308b\u305f\u3081\u306e\u76ee\u5b89\u3068\u3057\u3066\u4f7f\u308f\u308c\u307e\u3059\u3002<\/p>\n<h3>EV\/EBITDA\u500d\u7387\u3068\u306f\uff1f<\/h3>\n<p><span style=\"background-color: #ffff99;\"><b>EV\/EBITDA\u500d\u7387\uff08\u30a4\u30fc\u30d6\u30a4\u30fb\u30a4\u30fc\u30d3\u30c3\u30c8\u30c7\u30a3\u30fc\u30a8\u30fc\u500d\u7387\uff09\u306f\u3001M&amp;A\uff08\u4f01\u696d\u306e\u5408\u4f75\u30fb\u8cb7\u53ce\uff09\u306e\u969b\u306b\u3001\u305d\u306e\u4f01\u696d\u306e\u4fa1\u5024\uff08\u682a\u4fa1\uff09\u304c\u5272\u5b89\u304b\u5272\u9ad8\u304b\u3092\u5224\u65ad\u3059\u308b\u305f\u3081\u306b\u7528\u3044\u3089\u308c\u308b\u6307\u6a19\u3067\u3059\u3002<\/b><\/span><\/p>\n<div style=\"border: 2px solid #0054ac; padding: 10px 20px; border-radius: 0px; margin-bottom: 1em; text-align: left;\"><strong><strong>\u8a08\u7b97\u5f0f<\/strong>\uff1aEV \/ EBITDA<\/strong><\/div>\n<p>\u8cb7\u53ce\u306b\u5fc5\u8981\u306a\u5b9f\u8cea\u7684\u306a\u30b3\u30b9\u30c8\uff08EV\uff09\u3092\u3001\u305d\u306e\u4f01\u696d\u304c\u5e74\u9593\u306b\u751f\u307f\u51fa\u3059\u30ad\u30e3\u30c3\u30b7\u30e5\uff08EBITDA\uff09\u306e\u4f55\u5e74\u5206\u3067\u56de\u53ce\u3067\u304d\u308b\u304b\u3092\u793a\u3057\u307e\u3059\u3002<\/p>\n<p>\u3053\u306e\u500d\u7387\u304c\u4f4e\u3044\u307b\u3069\u3001\u77ed\u671f\u9593\u3067\u6295\u8cc7\u30b3\u30b9\u30c8\u3092\u56de\u53ce\u3067\u304d\u308b\uff08\uff1d\u5272\u5b89\u3067\u3042\u308b\uff09\u3068\u8a55\u4fa1\u3055\u308c\u307e\u3059\u3002<\/p>\n<p>\u4f8b\u3048\u3070\u3001EV\/EBITDA\u500d\u7387\u304c5\u500d\u3067\u3042\u308c\u3070\u30015\u5e74\u3067\u6295\u8cc7\u30b3\u30b9\u30c8\u3092\u56de\u53ce\u3067\u304d\u308b\u3068\u3044\u3046\u8a08\u7b97\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n<p>\u4e00\u822c\u7684\u306bEV\/EBITDA\u500d\u7387\u306e\u5e73\u5747\u306f8\u301c10\u500d\u7a0b\u5ea6\u3068\u8a00\u308f\u308c\u308b\u3053\u3068\u304c\u3042\u308a\u307e\u3059\u304c\u3001\u696d\u7a2e\u306b\u3088\u3063\u3066\u6c34\u6e96\u306f\u5927\u304d\u304f\u7570\u306a\u308a\u307e\u3059\u3002\u6210\u9577\u6027\u306e\u9ad8\u3044IT\u4f01\u696d\u306a\u3069\u306f\u9ad8\u304f\u306a\u308b\u4e00\u65b9\u3001\u6210\u719f\u7523\u696d\u3067\u306f\u4f4e\u304f\u306a\u308b\u50be\u5411\u304c\u3042\u308b\u305f\u3081\u3001\u5fc5\u305a\u540c\u696d\u4ed6\u793e\u3068\u6bd4\u8f03\u3057\u3066\u691c\u8a0e\u3059\u308b\u3053\u3068\u304c\u5fc5\u8981\u3067\u3059\u3002<\/p>\n<p><strong>EV (Enterprise Value\uff1a\u4f01\u696d\u4fa1\u5024) \u3068\u306f<\/strong><\/p>\n<div style=\"border: 2px solid #0054ac; padding: 10px 20px; border-radius: 0px; margin-bottom: 1em; text-align: left;\"><strong>EV = \u6642\u4fa1\u7dcf\u984d + \u6709\u5229\u5b50\u8ca0\u50b5 &#8211; \u73fe\u91d1\u53ca\u3073\u9810\u91d1<\/strong><\/div>\n<p>\u4f01\u696d\u3092\u8cb7\u53ce\u3059\u308b\u969b\u306b\u5b9f\u8cea\u7684\u306b\u5fc5\u8981\u3068\u306a\u308b\u8cc7\u91d1\uff08\u682a\u4fa1\uff0b\u5f15\u304d\u7d99\u3050\u501f\u91d1\uff09\u306e\u3053\u3068\u3067\u3059\u3002<\/p>\n<h3>EBITDA\u30de\u30fc\u30b8\u30f3\uff08EBITDA\u7387\uff09\u3068\u306f\uff1f<\/h3>\n<p><span style=\"background-color: #ffff99;\"><b>EBITDA\u30de\u30fc\u30b8\u30f3\uff08EBITDA\u7387\uff09\u306f\u3001\u58f2\u4e0a\u9ad8\u306b\u5bfe\u3057\u3066EBITDA\u304c\u3069\u308c\u304f\u3089\u3044\u306e\u5272\u5408\u304b\u3092\u793a\u3059\u6307\u6a19\u3067\u3001\u4f01\u696d\u306e\u53ce\u76ca\u6027\u306e\u9ad8\u3055\u3092\u6e2c\u308a\u307e\u3059\u3002<\/b><\/span><strong><\/strong><\/p>\n<div style=\"border: 2px solid #0054ac; padding: 10px 20px; border-radius: 0px; margin-bottom: 1em; text-align: left;\"><strong><strong>\u8a08\u7b97\u5f0f<\/strong>\uff1aEBITDA\u30de\u30fc\u30b8\u30f3 (%) = (EBITDA \/ \u58f2\u4e0a\u9ad8) \u00d7 100<\/strong><\/div>\n<p>\u3053\u306e\u6bd4\u7387\u304c\u9ad8\u3044\u307b\u3069\u3001\u672c\u696d\u3067\u52b9\u7387\u7684\u306b\u30ad\u30e3\u30c3\u30b7\u30e5\u3092\u751f\u307f\u51fa\u3057\u3066\u3044\u308b\u3053\u3068\u3092\u610f\u5473\u3057\u307e\u3059\u3002\u55b6\u696d\u5229\u76ca\u7387\u306f\u6e1b\u4fa1\u511f\u5374\u8cbb\uff08\u8a2d\u5099\u6295\u8cc7\uff09\u306e\u5f71\u97ff\u3092\u53d7\u3051\u307e\u3059\u304c\u3001EBITDA\u30de\u30fc\u30b8\u30f3\u306f\u8a2d\u5099\u6295\u8cc7\u306e\u511f\u5374\u8ca0\u62c5\u3092\u9664\u3044\u305f\u53ce\u76ca\u6027\u3092\u8a55\u4fa1\u3067\u304d\u307e\u3059\u3002<\/p>\n<p>\u696d\u7a2e\u306b\u3088\u308a\u3051\u308a\u3067\u3059\u304c\u3001\u4e00\u822c\u7684\u306b10%\u301c15%\u7a0b\u5ea6\u3042\u308c\u3070\u826f\u597d\u306a\u6c34\u6e96\u3068\u3055\u308c\u307e\u3059\u3002\u8a2d\u5099\u6295\u8cc7\u304c\u5c11\u306a\u3044\u30b5\u30fc\u30d3\u30b9\u696d\u3084IT\u696d\u306f\u9ad8\u3044\u50be\u5411\u306b\u3001\u8584\u5229\u591a\u58f2\u306e\u5c0f\u58f2\u696d\u3084\u4ed5\u5165\u308c\u30b3\u30b9\u30c8\u306e\u9ad8\u3044\u5378\u58f2\u696d\u306f\u4f4e\u3044\u50be\u5411\u306b\u3042\u308a\u307e\u3059\u3002<\/p>\n<h3>\u6709\u5229\u5b50\u8ca0\u50b5EBITDA\u500d\u7387\u3068\u306f\uff1f<\/h3>\n<p><span style=\"background-color: #ffff99;\"><b>\u6709\u5229\u5b50\u8ca0\u50b5EBITDA\u500d\u7387\uff08\u307e\u305f\u306f\u300c\u30c7\u30c3\u30c8EBITDA\u30ec\u30b7\u30aa\u300d\uff09\u306f\u3001\u4f01\u696d\u306e\u8ca1\u52d9\u5065\u5168\u6027\u3001\u7279\u306b\u50b5\u52d9\u306e\u8fd4\u6e08\u80fd\u529b\u3092\u6e2c\u308b\u6307\u6a19\u3067\u3059\u3002<\/b><\/span><\/p>\n<div style=\"border: 2px solid #0054ac; padding: 10px 20px; border-radius: 0px; margin-bottom: 1em; text-align: left;\"><strong>\u8a08\u7b97\u5f0f\uff1a\u6709\u5229\u5b50\u8ca0\u50b5EBITDA\u500d\u7387 = \u6709\u5229\u5b50\u8ca0\u50b5 \/ EBITDA<\/strong><\/div>\n<p>\u300c\u6709\u5229\u5b50\u8ca0\u50b5\uff08\u501f\u5165\u91d1\u306a\u3069\uff09\u3092\u3001\u5e74\u9593\u306e\u30ad\u30e3\u30c3\u30b7\u30e5\u5275\u51fa\u529b\uff08EBITDA\uff09\u306e\u4f55\u5e74\u5206\u3067\u8fd4\u6e08\u3067\u304d\u308b\u304b\u300d\u3092\u793a\u3057\u307e\u3059\u3002\u6570\u5024\u304c\u4f4e\u3044\u307b\u3069\u3001\u8fd4\u6e08\u80fd\u529b\u304c\u9ad8\u304f\u3001\u8ca1\u52d9\u304c\u5065\u5168\u3067\u3042\u308b\u3068\u8a55\u4fa1\u3055\u308c\u307e\u3059\u3002<\/p>\n<h2>EBITDA\u3068\u4ed6\u306e\u7d4c\u55b6\u6307\u6a19\u3068\u306e\u9055\u3044\u306f\uff1f<\/h2>\n<p><span style=\"background-color: #ffff99;\"><b>EBITDA\u306f\u3001\u55b6\u696d\u5229\u76ca\u3084\u300cEBIT\uff08\u30a4\u30fc\u30d3\u30c3\u30c8\uff09\u300d\u3001\u55b6\u696d\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u3068\u3044\u3063\u305f\u6307\u6a19\u3068\u6df7\u540c\u3055\u308c\u3084\u3059\u3044\u305f\u3081\u3001\u305d\u306e\u9055\u3044\u3092\u660e\u78ba\u306b\u3057\u3066\u304a\u304d\u307e\u3057\u3087\u3046\u3002<\/b><\/span><\/p>\n<h3>EBITDA\u3068\u55b6\u696d\u5229\u76ca\u306e\u9055\u3044<\/h3>\n<p><span style=\"background-color: #ffff99;\"><b>EBITDA\u3068\u55b6\u696d\u5229\u76ca\u306e\u9055\u3044\u306f\u3001\u300c\u6e1b\u4fa1\u511f\u5374\u8cbb\uff08\u304a\u3088\u3073\u7121\u5f62\u56fa\u5b9a\u8cc7\u7523\u511f\u5374\u8cbb\uff09\u300d\u3092\u8cbb\u7528\u3068\u3057\u3066\u6271\u3046\u304b\u3069\u3046\u304b\u3067\u3059\u3002<\/b><\/span><\/p>\n<div class=\"summary-box\">\n<ul class=\"summary-box__list summary-box__list\">\n<li><strong>\u55b6\u696d\u5229\u76ca\uff1a<\/strong><br \/>\n\u58f2\u4e0a\u9ad8\u304b\u3089<a href=\"https:\/\/biz.moneyforward.com\/words\/204\/\" data-internallinksmanager029f6b8e52c=\"261\" title=\"\u58f2\u4e0a\u539f\u4fa1\">\u58f2\u4e0a\u539f\u4fa1<\/a>\u3068\u8ca9\u7ba1\u8cbb\uff08\u6e1b\u4fa1\u511f\u5374\u8cbb\u3092\u542b\u3080\uff09\u3092\u5dee\u3057\u5f15\u3044\u305f\u5229\u76ca\u3002\u8a2d\u5099\u6295\u8cc7\u306e\u30b3\u30b9\u30c8\uff08\u6e1b\u4fa1\u511f\u5374\u8cbb\uff09\u304c\u53cd\u6620\u3055\u308c\u307e\u3059\u3002<\/li>\n<li><strong>EBITDA\uff1a<\/strong><br \/>\n\u55b6\u696d\u5229\u76ca\u306b\u6e1b\u4fa1\u511f\u5374\u8cbb\u306a\u3069\u3092\u300c\u8db3\u3057\u623b\u3057\u305f\u300d\u6570\u5024\u3002\u8a2d\u5099\u6295\u8cc7\u306e\u30b3\u30b9\u30c8\uff08\u6e1b\u4fa1\u511f\u5374\u8cbb\uff09\u306e\u5f71\u97ff\u3092\u6392\u9664\u3057\u307e\u3059\u3002<\/li>\n<\/ul>\n<\/div>\n<p>\u8a2d\u5099\u6295\u8cc7\u3092\u7a4d\u6975\u7684\u306b\u884c\u3063\u3066\u3044\u308b\u4f01\u696d\u306f\u6e1b\u4fa1\u511f\u5374\u8cbb\u304c\u591a\u984d\u306b\u306a\u308b\u305f\u3081\u3001\u55b6\u696d\u5229\u76ca\u306f\u5c0f\u3055\u304f\u306a\u308a\u307e\u3059\u304c\u3001EBITDA\u306f\u5927\u304d\u304f\u306a\u308b\u50be\u5411\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<h3>EBITDA\u3068EBIT\u306e\u9055\u3044<\/h3>\n<p><span style=\"background-color: #ffff99;\"><b>EBITDA\u3068EBIT\uff08\u30a4\u30fc\u30d3\u30c3\u30c8\uff09\u306e\u9055\u3044\u306f\u3001\u300c\u6e1b\u4fa1\u511f\u5374\u8cbb\uff08Depreciation \u3068 Amortization\uff09\u300d\u3092\u542b\u3080\u304b\u3069\u3046\u304b\u3067\u3059\u3002<\/b><\/span><\/p>\n<div class=\"summary-box\">\n<ul class=\"summary-box__list summary-box__list\">\n<li><strong>EBIT (Earnings Before Interest, Taxes)\uff1a<\/strong><br \/>\n\u300c\u5229\u6255\u3044\u524d\u3001\u7a0e\u5f15\u304d\u524d\u5229\u76ca\u300d\u3092\u610f\u5473\u3057\u307e\u3059\u3002<br \/>\n\u8a08\u7b97\u5f0f\u3000 EBIT = \u55b6\u696d\u5229\u76ca \u307e\u305f\u306f EBIT = \u5f53\u671f\u7d14\u5229\u76ca + \u6cd5\u4eba\u7a0e\u7b49 + \u652f\u6255\u5229\u606f<br \/>\n\u55b6\u696d\u5229\u76ca\u3068\u307b\u307c\u540c\u7fa9\u3067\u4f7f\u308f\u308c\u308b\u3053\u3068\u304c\u591a\u3044\u3067\u3059\u3002<\/li>\n<li><strong>EBITDA\uff1a<\/strong><br \/>\nEBIT\u306b\u6e1b\u4fa1\u511f\u5374\u8cbb\uff08D\u3068A\uff09\u3092\u8db3\u3057\u623b\u3057\u305f\u3082\u306e\u3067\u3059\u3002<br \/>\n\u8a08\u7b97\u5f0f\u3000EBITDA = EBIT + \u6e1b\u4fa1\u511f\u5374\u8cbb<\/li>\n<\/ul>\n<\/div>\n<p>EBIT\u306f\u8a2d\u5099\u6295\u8cc7\u306e\u5f71\u97ff\uff08\u6e1b\u4fa1\u511f\u5374\u8cbb\uff09\u3092\u8003\u616e\u3057\u305f\u5229\u76ca\u3001EBITDA\u306f\u8a2d\u5099\u6295\u8cc7\u306e\u5f71\u97ff\u3092\u6392\u9664\u3057\u305f\u30ad\u30e3\u30c3\u30b7\u30e5\u5275\u51fa\u529b\u3001\u3068\u4f7f\u3044\u5206\u3051\u3089\u308c\u307e\u3059\u3002<\/p>\n<h3>EBITDA\u3068\u55b6\u696d\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\uff08\u55b6\u696dCF\uff09\u306e\u9055\u3044<\/h3>\n<p><span style=\"background-color: #ffff99;\"><b>EBITDA\u306f\u300c\u7c21\u6613\u7684\u306a\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u300d\u3068\u547c\u3070\u308c\u308b\u3053\u3068\u304c\u3042\u308a\u307e\u3059\u304c\u3001\u5b9f\u969b\u306e\u73fe\u91d1\u306e\u52d5\u304d\u3092\u793a\u3059\u55b6\u696d\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\uff08\u55b6\u696dCF\uff09\u3068\u306f\u7570\u306a\u308a\u307e\u3059\u3002<\/b><\/span><\/p>\n<div class=\"summary-box\">\n<ul class=\"summary-box__list summary-box__list\">\n<li><strong>\u55b6\u696dCF\uff1a<\/strong><br \/>\n\u4f01\u696d\u304c\u672c\u696d\u3067\u5f97\u305f\u5b9f\u969b\u306e\u73fe\u91d1\uff08\u30ad\u30e3\u30c3\u30b7\u30e5\uff09\u306e\u5897\u6e1b\u3092\u793a\u3057\u307e\u3059\u3002EBITDA\u304b\u3089\u3001\u7a0e\u91d1\u306e\u652f\u6255\u3044\u3084\u3001\u904b\u8ee2\u8cc7\u672c\uff08\u58f2\u639b\u91d1\u3001<a href=\"https:\/\/biz.moneyforward.com\/accounting\/basic\/44962\/\" data-internallinksmanager029f6b8e52c=\"458\" title=\"\u8cb7\u639b\u91d1\">\u8cb7\u639b\u91d1<\/a>\u3001\u5728\u5eab\uff09\u306e\u5897\u6e1b\u306a\u3069\u3092\u52a0\u5473\u3057\u3066\u8a08\u7b97\u3055\u308c\u307e\u3059\u3002<\/li>\n<li><strong>EBITDA\uff1a<\/strong><br \/>\n\u904b\u8ee2\u8cc7\u672c\u306e\u5909\u52d5\u3092\u8003\u616e\u3057\u307e\u305b\u3093\u3002<\/li>\n<\/ul>\n<\/div>\n<p>\u4f8b\u3048\u3070\u3001EBITDA\u304c\u9ed2\u5b57\u3067\u3082\u3001\u58f2\u639b\u91d1\u306e\u56de\u53ce\u304c\u6ede\u3063\u3066\u3044\u305f\u308a\uff08\u904b\u8ee2\u8cc7\u672c\u306e\u5897\u52a0\uff09\u3001\u5728\u5eab\u304c\u6025\u5897\u3057\u3066\u3044\u305f\u308a\u3059\u308b\u3068\u3001\u5b9f\u969b\u306e\u55b6\u696dCF\u306f\u30de\u30a4\u30ca\u30b9\uff08\u73fe\u91d1\u304c\u6e1b\u3063\u3066\u3044\u308b\u72b6\u614b\uff09\u306b\u306a\u308b\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<p><a href=\"https:\/\/biz.moneyforward.com\/library\/39017\/?provider=ac_basic&amp;provider_info=cv.45285.part.article\" target=\"_blank\" rel=\"noopener\">\u672c\u30ac\u30a4\u30c9<\/a>\u3067\u306f\u305d\u3093\u306a\u3001\u201c\u3044\u307e\u3055\u3089\u805e\u3051\u306a\u3044\u3051\u3069\u3001\u77e5\u3063\u3066\u304a\u304b\u306a\u3044\u3068\u6065\u305a\u304b\u3057\u3044\u304b\u3082\u201d\u3068\u3044\u3046\u57fa\u672c\u7528\u8a9e\u3092\u3001\u30ae\u30e5\u30c3\u3068\u307e\u3068\u3081\u307e\u3057\u305f\u30021\u518a\u6301\u3063\u3066\u304a\u304d\u305f\u3044\u4fdd\u5b58\u7248\u3068\u3057\u3066\u305c\u3072\u3054\u5229\u7528\u304f\u3060\u3055\u3044\u3002<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/biz.moneyforward.com\/accounting\/basic\/wp-content\/uploads\/2025\/11\/\u5b9f\u52d9\u306b\u5f79\u7acb\u306467\u306e\u6307\u6a19_\u7528\u8a9e\u5927\u5168.jpg\" alt=\"\u5b9f\u52d9\u306b\u5f79\u7acb\u306467\u306e\u6307\u6a19_\u7528\u8a9e\u5927\u5168\" width=\"512\" height=\"205\" class=\"aligncenter size-full wp-image-86666\" srcset=\"https:\/\/biz.moneyforward.com\/accounting\/basic\/wp-content\/uploads\/2025\/11\/\u5b9f\u52d9\u306b\u5f79\u7acb\u306467\u306e\u6307\u6a19_\u7528\u8a9e\u5927\u5168.jpg 512w, https:\/\/biz.moneyforward.com\/accounting\/basic\/wp-content\/uploads\/2025\/11\/\u5b9f\u52d9\u306b\u5f79\u7acb\u306467\u306e\u6307\u6a19_\u7528\u8a9e\u5927\u5168-300x120.jpg 300w\" sizes=\"auto, (max-width: 512px) 100vw, 512px\" \/><\/p>\n<div class=\"linkcard\"><div class=\"lkc-external-wrap\"><a class=\"lkc-link no_icon\" href=\"https:\/\/biz.moneyforward.com\/library\/39017\/\" data-lkc-id=\"2110\" target=\"_blank\" rel=\"external noopener\"><div class=\"lkc-card\"><div class=\"lkc-info\"><div class=\"lkc-favicon\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.google.com\/s2\/favicons?domain=https:\/\/biz.moneyforward.com\" alt=\"\" width=\"16\" height=\"16\" \/><\/div><div class=\"lkc-domain\">\u8cc7\u6599\u30e9\u30a4\u30d6\u30e9\u30ea | \u30de\u30cd\u30fc\u30d5\u30a9\u30ef\u30fc\u30c9 \u30af\u30e9\u30a6\u30c9<\/div><\/div><div class=\"lkc-content\"><div class=\"lkc-title\">\u4f1a\u8a08\u30fb\u7d4c\u55b6\u306b\u95a2\u3059\u308b67\u306e\u6307\u6a19 \u30fb\u7528\u8a9e\u5927\u5168 | \u30de\u30cd\u30fc\u30d5\u30a9\u30ef\u30fc\u30c9 \u30af\u30e9\u30a6\u30c9 \u8cc7\u6599\u30e9\u30a4\u30d6\u30e9\u30ea<\/div><div class=\"lkc-excerpt\">\u300c\u4f1a\u8a08\u30fb\u7d4c\u55b6\u306b\u95a2\u3059\u308b67\u306e\u6307\u6a19 \u30fb\u7528\u8a9e\u5927\u5168\u300d\u306e\u8cc7\u6599\u30c0\u30a6\u30f3\u30ed\u30fc\u30c9\u30da\u30fc\u30b8\u3067\u3059\u3002<\/div><\/div><div class=\"clear\"><\/div><\/div><\/a><\/div><\/div>\n<h2>EBITDA\u3092\u6539\u5584\u3059\u308b\u306b\u306f\uff1f<\/h2>\n<p><span style=\"background-color: #ffff99;\"><b>\u4f01\u696d\u306e\u53ce\u76ca\u6027\u3084\u4f01\u696d\u4fa1\u5024\u8a55\u4fa1\u3092\u9ad8\u3081\u308b\u305f\u3081\u306bEBITDA\u3092\u6539\u5584\u3057\u305f\u3044\u5834\u5408\u3001\u57fa\u672c\u306f\u300c\u672c\u696d\u306e\u53ce\u76ca\u529b\u3092\u9ad8\u3081\u308b\u300d\u3053\u3068\u3001\u3059\u306a\u308f\u3061\u55b6\u696d\u5229\u76ca\u3092\u5897\u3084\u3059\u3053\u3068\u306b\u5c3d\u304d\u307e\u3059\u3002<\/b><\/span><\/p>\n<h3>\u58f2\u4e0a\u3084\u55b6\u696d\u5229\u76ca\u3092\u5897\u3084\u3059<\/h3>\n<p><span style=\"background-color: #ffff99;\"><b>\u58f2\u4e0a\u3084\u55b6\u696d\u5229\u76ca\u3092\u5897\u3084\u3059\u3053\u3068\u3067\u3001EBITDA\u306e\u6570\u5024\u304c\u4e0a\u304c\u308a\u3001EV\/EBITDA\u500d\u7387\u304c\u4f4e\u304f\u306a\u308a\u307e\u3059\u3002<\/b><\/span>\u3067\u3059\u306e\u3067\u3001M&amp;A\u3092\u691c\u8a0e\u3059\u308b\u8cb7\u3044\u624b\u306b\u3068\u3063\u3066\u306f\u3001\u5272\u5b89\u3067\u9b45\u529b\u7684\u306a\u4f01\u696d\u3068\u6349\u3048\u3089\u308c\u307e\u3059\u3002<br \/>\n\u307e\u305f\u3001\u58f2\u4e0a\u3092\u5897\u3084\u3059\u305f\u3081\u306b\u3001\u30b5\u30fc\u30d3\u30b9\u3084\u5546\u54c1\u4fa1\u683c\u3092\u898b\u76f4\u3059\u3053\u3068\u3082\u6539\u5584\u65b9\u6cd5\u306e\u3072\u3068\u3064\u3068\u3044\u3048\u308b\u3067\u3057\u3087\u3046\u3002<\/p>\n<h3>\u539f\u4fa1\u3084\u7d4c\u8cbb\u3092\u524a\u6e1b\u3059\u308b<\/h3>\n<p><span style=\"background-color: #ffff99;\"><b>\u4e0a\u8a18\u3068\u8003\u3048\u65b9\u306f\u540c\u3058\u3067\u3001\u30b5\u30fc\u30d3\u30b9\u3084\u5546\u54c1\u306e\u539f\u4fa1\uff08\u30b3\u30b9\u30c8\uff09\u3092\u524a\u6e1b\u3059\u308b\u3053\u3068\u3067\u3001\u4e00\u822c\u7684\u306b\u55b6\u696d\u5229\u76ca\u304c\u5897\u3048\u308b\u3053\u3068\u304c\u671f\u5f85\u3067\u304d\u308b\u305f\u3081\u3001EV\/EBITDA\u500d\u7387\u306e\u6539\u5584\u306b\u3064\u306a\u304c\u308a\u307e\u3059\u3002<\/b><\/span>\u55b6\u696d\u5229\u76ca\u304c\u5897\u3048\u308b\u3068\u3044\u3046\u3053\u3068\u306f\u3001EBITDA\u306e\u6570\u5024\u304c\u4e0a\u304c\u308a\u3001EV\/EBITDA\u500d\u7387\u304c\u4f4e\u304f\u306a\u308a\u307e\u3059\u3002<\/p>\n<p>\u307e\u305f\u3001\u55b6\u696d\u5229\u76ca\u304c\u5897\u3048\u308b\u3053\u3068\u3067\u3001\u8ca0\u50b5\uff08\u501f\u5165\u91d1\uff09\u3092\u8fd4\u6e08\u3059\u308b\u3053\u3068\u304c\u53ef\u80fd\u3068\u306a\u308a\u307e\u3059\u3002\u6709\u5229\u5b50\u8ca0\u50b5\u3092\u6e1b\u3089\u3059\u3068\u3001EV\u304c\u4f4e\u304f\u306a\u308aEV\/EBITDA\u500d\u7387\u304c\u6539\u5584\u3055\u308c\u307e\u3059\u3002<\/p>\n<p>\u306a\u306e\u3067\u3001\u500b\u4eba\u306e\u5bb6\u8a08\u3068\u540c\u3058\u3088\u3046\u306b<\/p>\n<div class=\"summary-box\">\n<ul class=\"summary-box__list summary-box__list\">\n<li>\u53ce\u5165\uff08\u58f2\u4e0a\u3084\u5229\u76ca\uff09\u3092\u5897\u3084\u3059<\/li>\n<li>\u652f\u51fa\uff08\u539f\u4fa1\u3084\u30b3\u30b9\u30c8\uff09\u3092\u6e1b\u3089\u3059<\/li>\n<li>\u8ca0\u50b5\uff08\u501f\u91d1\uff09\u3092\u6e1b\u3089\u3059<\/li>\n<\/ul>\n<\/div>\n<p>\u5927\u304d\u304f\u3053\u306e3\u70b9\u304c\u3001\u6539\u5584\u65b9\u6cd5\u3068\u3057\u3066\u610f\u8b58\u3057\u305f\u3044\u3068\u3053\u308d\u3067\u3059\u3002<\/p>\n<h2>EBITDA\u306f\u4f01\u696d\u306e\u7a3c\u3050\u529b\u3001\u8907\u6570\u306e\u8ca1\u52d9\u6307\u6a19\u3082\u5206\u6790\u3057\u3088\u3046\uff01<\/h2>\n<p>EBITDA\u306f\u3001\u4f01\u696d\u306e\u300c\u672c\u696d\u306b\u304a\u3051\u308b\u30ad\u30e3\u30c3\u30b7\u30e5\u5275\u51fa\u529b\u300d\u3092\u6e2c\u308b\u305f\u3081\u306e\u56fd\u969b\u7684\u306a\u6a19\u6e96\u6307\u6a19\u3067\u3059\u3002\u7c21\u6613\u7684\u306b\u306f\u300c\u55b6\u696d\u5229\u76ca\uff0b\u6e1b\u4fa1\u511f\u5374\u8cbb\u300d\u3067\u8a08\u7b97\u3067\u304d\u3001\u56fd\u3084\u8a2d\u5099\u6295\u8cc7\u306e\u72b6\u6cc1\u304c\u7570\u306a\u308b\u4f01\u696d\u540c\u58eb\u3092\u6bd4\u8f03\u3059\u308b\u969b\u306b\u5f79\u7acb\u3061\u307e\u3059\u3002<\/p>\n<p>\u305f\u3060\u3057\u3001EBITDA\u306f\u8a2d\u5099\u6295\u8cc7\u306e\u8ca0\u62c5\u3084\u904b\u8ee2\u8cc7\u672c\u306e\u5909\u52d5\u3092\u53cd\u6620\u3057\u306a\u3044\u305f\u3081\u3001\u4e07\u80fd\u306a\u6307\u6a19\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002EBITDA\u306e\u6570\u5024\u304c\u826f\u3044\u304b\u3089\u3068\u3044\u3063\u3066\u3001\u5fc5\u305a\u3057\u3082\u305d\u306e\u4f01\u696d\u306e\u8ca1\u52d9\u304c\u5065\u5168\u3068\u306f\u9650\u3089\u306a\u3044\u306e\u3067\u3059\u3002<\/p>\n<p>\u4f01\u696d\u306e\u5b9f\u614b\u3092\u6b63\u78ba\u306b\u628a\u63e1\u3059\u308b\u305f\u3081\u306b\u306f\u3001EBITDA\u3060\u3051\u3067\u306a\u304f\u3001\u55b6\u696d\u5229\u76ca\u3001EBIT\u3001\u305d\u3057\u3066\u5b9f\u969b\u306e\u73fe\u91d1\u306e\u52d5\u304d\u3092\u793a\u3059\u55b6\u696d\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306a\u3069\u3001\u8907\u6570\u306e\u8ca1\u52d9\u6307\u6a19\u3092\u7d44\u307f\u5408\u308f\u305b\u3066\u591a\u89d2\u7684\u306b\u5206\u6790\u3059\u308b\u3053\u3068\u304c\u6c42\u3081\u3089\u308c\u307e\u3059\u3002<\/p>\n<p>M&amp;A\u306a\u3069\u8cb7\u53ce\u304c\u52b9\u679c\u7684\u304b\u3069\u3046\u304b\u306b\u3064\u3044\u3066\u306f\u3001\u540c\u696d\u7a2e\u3067\u6570\u5024\u3092\u6bd4\u8f03\u3059\u308b\u3088\u3046\u306b\u3057\u307e\u3057\u3087\u3046\u3002<\/p>\n<div class=\"linkcard\"><div class=\"lkc-external-wrap\"><a class=\"lkc-link no_icon\" href=\"https:\/\/biz.moneyforward.com\/ma\/basic\/472\/\" data-lkc-id=\"2111\" target=\"_blank\" rel=\"external noopener\"><div class=\"lkc-card\"><div class=\"lkc-info\"><div class=\"lkc-favicon\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.google.com\/s2\/favicons?domain=https:\/\/biz.moneyforward.com\" alt=\"\" width=\"16\" height=\"16\" \/><\/div><div class=\"lkc-domain\" title=\"M\uff06A\u306e\u57fa\u790e\u77e5\u8b58 | \u4f01\u696d\u306e\u58f2\u5374\u30fb\u8cb7\u53ce\u3092\u691c\u8a0e\u3059\u308b\u969b\u306b\u5f79\u7acb\u3064\u3001M\uff06A\u306e\u6d41\u308c\u3084\u624b\u7d9a\u304d\u3001\u5c02\u9580\u7528\u8a9e\u306a\u3069\u306e\u57fa\u790e\u77e5\u8b58\u3092\u3054\u7d39\u4ecb\u3057\u307e\u3059\u3002\">M\uff06A\u306e\u57fa\u790e\u77e5\u8b58 | \u4f01\u696d\u306e\u58f2\u5374\u30fb\u8cb7\u53ce\u3092\u691c\u8a0e\u3059\u308b\u969b\u306b\u5f79...<\/div><\/div><div class=\"lkc-content\"><div class=\"lkc-title\">\u30de\u30eb\u30c1\u30d7\u30eb\u6cd5\u3068\u306f\uff1f\u4f01\u696d\u4fa1\u5024\u8a55\u4fa1\u306e\u57fa\u672c\u3092\u7a2e\u985e\u30fb\u8a08\u7b97\u65b9\u6cd5\u30fb\u6ce8\u610f\u70b9\u307e\u3067\u5fb9\u5e95\u89e3\u8aac | \u30de\u30cd\u30fc\u30d5\u30a9\u30ef\u30fc\u30c9 \u30af\u30e9\u30a6\u30c9<\/div><div class=\"lkc-excerpt\">\u4f01\u696d\u306e\u4fa1\u5024\u3092\u8a55\u4fa1\u3059\u308b\u624b\u6cd5\u306f\u591a\u5c90\u306b\u308f\u305f\u308a\u307e\u3059\u304c\u3001\u305d\u306e\u4e2d\u3067\u3082\u30de\u30eb\u30c1\u30d7\u30eb\u6cd5\u306f\u3001\u5b9f\u52d9\u306b\u304a\u3044\u3066\u5e83\u304f\u6d3b\u7528\u3055\u308c\u3066\u3044\u308b\u624b\u6cd5\u306e\u4e00\u3064\u3067\u3059\u3002 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