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class=\"wp-block-heading\">1-3. \u3010\u30d7\u30ec\u30a4\u30e4\u30fc\u5206\u985e\u3011\u5916\u8cc7\u7cfb\u30fb\u56fd\u5185\u72ec\u7acb\u7cfb\u30fb\u653f\u5e9c\u7cfb\u30fb\u91d1\u878d\u6a5f\u95a2\u7cfb\u306e\u9055\u3044\u3068\u7279\u5fb4<\/h3>\n\n\n\n<p>\u4e00\u53e3\u306bPE\u30d5\u30a1\u30f3\u30c9\u3068\u8a00\u3063\u3066\u3082\u3001\u305d\u306e\u8cc7\u672c\u7cfb\u7d71\u3084\u6295\u8cc7\u30b5\u30a4\u30ba\u3001\u30ab\u30eb\u30c1\u30e3\u30fc\u306b\u3088\u3063\u3066\u6c42\u3081\u308b\u4eba\u6750\u50cf\u306f\u5927\u304d\u304f\u7570\u306a\u308a\u307e\u3059\u3002\u81ea\u8eab\u306e\u30d0\u30c3\u30af\u30b0\u30e9\u30a6\u30f3\u30c9\u3068\u89aa\u548c\u6027\u306e\u9ad8\u3044\u30d5\u30a1\u30f3\u30c9\u3092\u898b\u6975\u3081\u308b\u3053\u3068\u304c\u3001\u8ee2\u8077\u6210\u529f\u3078\u306e\u7b2c\u4e00\u6b69\u3067\u3059\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><td><strong>\u30d5\u30a1\u30f3\u30c9\u5206\u985e<\/strong><\/td><td><strong>\u4ee3\u8868\u7684\u306a\u30d5\u30a1\u30f3\u30c9\u540d<\/strong><\/td><td><strong>\u7279\u5fb4\u30fb\u6295\u8cc7\u30b5\u30a4\u30ba<\/strong><\/td><td><strong>\u6c42\u3081\u308b\u4eba\u6750\u8981\u4ef6<\/strong><\/td><\/tr><\/thead><tbody><tr><td><strong>\u5916\u8cc7\u7cfb\u30e1\u30ac\u30d5\u30a1\u30f3\u30c9 (\u30e9\u30fc\u30b8\u30ad\u30e3\u30c3\u30d7)<\/strong><\/td><td>KKR, Blackstone, Carlyle, Bain Capital, EQT\u306a\u3069<\/td><td>\u6295\u8cc7\u898f\u6a21\u304c\u6570\u5343\u5104\u5186\u301c\u5146\u5186\u5358\u4f4d\u3002\u30b0\u30ed\u30fc\u30d0\u30eb\u306a\u5de8\u5927\u6848\u4ef6\u3084\u6709\u540d\u4f01\u696d\u306eMBO\u3001\u5927\u898f\u6a21\u30ab\u30fc\u30d6\u30a2\u30a6\u30c8\u3092\u624b\u639b\u3051\u308b\u3002<\/td><td>\u30d3\u30b8\u30cd\u30b9\u82f1\u8a9e\u306f\u5fc5\u9808\u3002\u5916\u8cc7\u7cfb\u6295\u8cc7\u9280\u884c\uff08\u7c73\u7cfb\u30c8\u30c3\u30d7\u30c6\u30a3\u30a2\uff09\u306e\u30a8\u30b0\u30bc\u30ad\u30e5\u30fc\u30b7\u30e7\u30f3\u7d4c\u9a13\u8005\u3084\u3001\u30c8\u30c3\u30d7\u30b3\u30f3\u30b5\u30eb\u306e\u30b7\u30cb\u30a2\u5c64\u3002<\/td><\/tr><tr><td><strong>\u56fd\u5185\u72ec\u7acb\u7cfb\u30d5\u30a1\u30f3\u30c9 (\u30df\u30c3\u30c9\u301c\u30e9\u30fc\u30b8\u30ad\u30e3\u30c3\u30d7)<\/strong><\/td><td>\u65e5\u672c\u7523\u696d\u30d1\u30fc\u30c8\u30ca\u30fc\u30ba(JIP), \u30a4\u30f3\u30c6\u30b0\u30e9\u30eb, \u30a2\u30c9\u30d0\u30f3\u30c6\u30c3\u30b8\u30d1\u30fc\u30c8\u30ca\u30fc\u30ba\u306a\u3069<\/td><td>\u65e5\u672c\u306e\u5546\u7fd2\u6163\u306b\u6df1\u304f\u6839\u3056\u3057\u3001\u4e2d\u5805\u30fb\u5927\u624b\u4f01\u696d\u306e\u4e8b\u696d\u627f\u7d99\u3084\u30ab\u30fc\u30d6\u30a2\u30a6\u30c8\u3092\u4e3b\u5c0e\u3002\u6295\u8cc7\u898f\u6a21\u306f\u6570\u767e\u5104\u301c\u6570\u5343\u5104\u5186\u3002<\/td><td>\u9ad8\u3044\u8ca1\u52d9\u30b9\u30ad\u30eb\u306b\u52a0\u3048\u3001\u65e5\u672c\u306e\u30aa\u30fc\u30ca\u30fc\u7d4c\u55b6\u8005\u3084\u5927\u624b\u4f01\u696d\u306e\u5f79\u54e1\u3068\u6df1\u3044\u4fe1\u983c\u95a2\u4fc2\u3092\u7bc9\u3051\u308b\u9ad8\u5ea6\u306a\u4eba\u9593\u529b\u304c\u91cd\u8996\u3055\u308c\u308b\u3002<\/td><\/tr><tr><td><strong>\u72ec\u7acb\u7cfb\u30fb\u7279\u5316\u578b (\u30b9\u30e2\u30fc\u30eb\u301c\u30df\u30c3\u30c9\u30ad\u30e3\u30c3\u30d7)<\/strong><\/td><td>\u65e5\u672c\u7523\u696d\u63a8\u9032\u6a5f\u69cb(NSSK), \u30a8\u30f3\u30c7\u30d0\u30fc\u30fb\u30e6\u30ca\u30a4\u30c6\u30c3\u30c9\u306a\u3069<\/td><td>\u5730\u65b9\u306e\u512a\u826f\u4f01\u696d\u3084\u4e2d\u5c0f\u4f01\u696d\u306e\u4e8b\u696d\u627f\u7d99\u3001\u3042\u308b\u3044\u306f\u7279\u5b9a\u306e\u7523\u696d\uff08\u30d8\u30eb\u30b9\u30b1\u30a2\u3084IT\u7b49\uff09\u306b\u7279\u5316\u3002\u30d0\u30ea\u30e5\u30fc\u30a2\u30c3\u30d7\u306e\u5bc6\u5ea6\u304c\u6fc3\u3044\u3002<\/td><td>FAS\u51fa\u8eab\u8005\u3001\u4f1a\u8a08\u58eb\u3001\u4e8b\u696d\u4f1a\u793e\u3067\u306e\u30cf\u30f3\u30ba\u30aa\u30f3\u7d4c\u55b6\u6539\u5584\u7d4c\u9a13\u8005\u3002\u5b9f\u52d9\u306b\u6df1\u304f\u30b3\u30df\u30c3\u30c8\u3059\u308b\u71b1\u91cf\u304c\u91cd\u8996\u3055\u308c\u308b\u3002<\/td><\/tr><tr><td><strong>\u653f\u5e9c\u7cfb\u30fb\u91d1\u878d\u6a5f\u95a2\u7cfb\u30d5\u30a1\u30f3\u30c9<\/strong><\/td><td>\u7523\u696d\u9769\u65b0\u6295\u8cc7\u6a5f\u69cb(JIC), \u5404\u5730\u9280\u7cfb\u6295\u8cc7\u4f1a\u793e\u306a\u3069<\/td><td>\u56fd\u7b56\u3084\u5730\u57df\u306e\u7d4c\u6e08\u632f\u8208\u3001\u7523\u696d\u7af6\u4e89\u529b\u5f37\u5316\u3092\u76ee\u7684\u3068\u3059\u308b\u3002\u30d0\u30a4\u30a2\u30a6\u30c8\u3060\u3051\u3067\u306a\u304f\u30de\u30a4\u30ce\u30ea\u30c6\u30a3\u51fa\u8cc7\u3084\u6210\u9577\u652f\u63f4\u3082\u884c\u3046\u3002<\/td><td>\u91d1\u878d\u6a5f\u95a2\uff08\u653f\u7b56\u6295\u8cc7\u9280\u884c\u3001\u30e1\u30ac\u30d0\u30f3\u30af\u3001\u5730\u9280\uff09\u51fa\u8eab\u8005\u3002\u3084\u3084\u30de\u30a4\u30eb\u30c9\u3067\u3001\u4e2d\u9577\u671f\u7684\u306a\u8996\u70b9\u3092\u6301\u3064\u30ab\u30eb\u30c1\u30e3\u30fc\u3002<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">\u7b2c2\u7ae0\uff1a\u3010\u8077\u7a2e\u3068\u30ad\u30e3\u30ea\u30a2\u3011PE\u30d5\u30a1\u30f3\u30c9\u306e\u7d44\u7e54\u69cb\u9020\u30fb\u5f79\u8077\u30fb\u5e74\u53ce\u30fb\u30ad\u30e3\u30ea\u30fc\u306e\u4ed5\u7d44\u307f<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">2-1. PE\u30d5\u30a1\u30f3\u30c9\u6295\u8cc7\u30d7\u30ed\u30d5\u30a7\u30c3\u30b7\u30e7\u30ca\u30eb\u306e3\u5927\u4e3b\u8981\u696d\u52d9<\/h3>\n\n\n\n<p>PE\u30d5\u30a1\u30f3\u30c9\u306e\u6295\u8cc7\u30d7\u30ed\u30d5\u30a7\u30c3\u30b7\u30e7\u30ca\u30eb\uff08Investment Professional\uff09\u306e\u4ed5\u4e8b\u306f\u3001\u5927\u304d\u304f\u5206\u3051\u3066\u4ee5\u4e0b\u306e3\u3064\u306e\u30d5\u30a7\u30fc\u30ba\u306b\u5206\u89e3\u3055\u308c\u307e\u3059\u3002\u5927\u624b\u30d5\u30a1\u30f3\u30c9\u3067\u306f\u3053\u308c\u3089\u304c\u5206\u696d\u3055\u308c\u3066\u3044\u308b\u5834\u5408\u3082\u3042\u308a\u307e\u3059\u304c\u3001\u30df\u30c3\u30c9\u30ad\u30e3\u30c3\u30d7\u4ee5\u4e0b\u306e\u30d5\u30a1\u30f3\u30c9\u3067\u306f\u3001\u4e00\u4eba\u306e\u30d7\u30ed\u30d5\u30a7\u30c3\u30b7\u30e7\u30ca\u30eb\u304c\u5165\u308a\u53e3\u304b\u3089\u51fa\u53e3\u307e\u3067\u4e00\u6c17\u901a\u8cab\u3067\u62c5\u5f53\u3059\u308b\u3053\u3068\u304c\u4e00\u822c\u7684\u3067\u3059\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">\u2460 \u30bd\u30fc\u30b7\u30f3\u30b0\uff08Sourcing\uff1a\u6848\u4ef6\u767a\u6398\uff09<\/h4>\n\n\n\n<p>\u6295\u8cc7\u5bfe\u8c61\u3068\u306a\u308b\u4f01\u696d\u3092\u898b\u3064\u3051\u51fa\u3057\u3001\u8cb7\u53ce\u306e\u4ea4\u6e09\u306e\u5e2d\u306b\u3064\u304b\u305b\u308b\u307e\u3067\u306e\u30d7\u30ed\u30bb\u30b9\u3067\u3059\u3002\u6295\u8cc7\u9280\u884c\u3084M&amp;A\u4ef2\u4ecb\u4f1a\u793e\u3001\u5730\u9280\u306a\u3069\u306e\u30cd\u30c3\u30c8\u30ef\u30fc\u30af\u304b\u3089\u60c5\u5831\u3092\u5f97\u308b\u307b\u304b\u3001\u30d5\u30a1\u30f3\u30c9\u81ea\u8eab\u304c\u30bf\u30fc\u30b2\u30c3\u30c8\u4f01\u696d\u306b\u76f4\u63a5\u30a2\u30d7\u30ed\u30fc\u30c1\u3059\u308b\u3053\u3068\u3082\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u6c42\u3081\u3089\u308c\u308b\u80fd\u529b\uff1a<\/strong> \u4eba\u8108\u69cb\u7bc9\u529b\u3001\u30c7\u30a3\u30fc\u30eb\u30a2\u30b8\u30ea\u30c6\u30a3\u3001\u696d\u754c\u5206\u6790\u529b\u3001\u63d0\u6848\u529b\u3002<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">\u2461 \u30a8\u30b0\u30bc\u30ad\u30e5\u30fc\u30b7\u30e7\u30f3\uff08Execution\uff1a\u6295\u8cc7\u5b9f\u884c\uff09<\/h4>\n\n\n\n<p>\u30bd\u30fc\u30b7\u30f3\u30b0\u3057\u305f\u6848\u4ef6\u306e\u30c7\u30e5\u30fc\u30c7\u30ea\u30b8\u30a7\u30f3\u30b9\uff08\u30d3\u30b8\u30cd\u30b9\u3001\u8ca1\u52d9\u3001\u7a0e\u52d9\u3001\u6cd5\u52d9\u306a\u3069\u306e\u8cc7\u7523\u67fb\u5b9a\uff09\u3092\u4e3b\u5c0e\u3057\u3001\u4f01\u696d\u4fa1\u5024\u8a55\u4fa1\uff08\u30d0\u30ea\u30e5\u30a8\u30fc\u30b7\u30e7\u30f3\uff09\u3092\u884c\u3044\u3001\u5951\u7d04\u66f8\u306e\u4ea4\u6e09\u3001LBO\uff08\u30ec\u30d0\u30ec\u30c3\u30b8\u30c9\u30fb\u30d0\u30a4\u30a2\u30a6\u30c8\uff09\u30ed\u30fc\u30f3\u306e\u8abf\u9054\u306a\u3069\u3092\u884c\u3063\u3066\u8cb7\u53ce\u3092\u5b8c\u4e86\u3055\u305b\u308b\u30d7\u30ed\u30bb\u30b9\u3067\u3059\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u6c42\u3081\u3089\u308c\u308b\u80fd\u529b\uff1a<\/strong> \u9ad8\u5ea6\u306a\u8ca1\u52d9\u30e2\u30c7\u30ea\u30f3\u30b0\u30b9\u30ad\u30eb\u3001\u6cd5\u52d9\u30fb\u7a0e\u52d9\u306e\u77e5\u898b\u3001\u30bf\u30d5\u306a\u30cd\u30b4\u30b7\u30a8\u30fc\u30b7\u30e7\u30f3\u30b9\u30ad\u30eb\u3002<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">\u2462 \u30d0\u30ea\u30e5\u30fc\u30a2\u30c3\u30d7\uff08Value-up\uff1a\u4f01\u696d\u4fa1\u5024\u5411\u4e0a\uff09<\/h4>\n\n\n\n<p>\u8cb7\u53ce\u5f8c\uff08\u30dd\u30b9\u30c8\u30fb\u30a4\u30f3\u30d9\u30b9\u30c8\u30e1\u30f3\u30c8\uff09\u3001\u6295\u8cc7\u5148\u4f01\u696d\u306b\u53d6\u7de0\u5f79\u3084PMO\u3068\u3057\u3066\u6df1\u304f\u5165\u308a\u8fbc\u307f\u3001\u7d4c\u55b6\u6539\u9769\u3092\u65ad\u884c\u3059\u308b\u30d5\u30a7\u30fc\u30ba\u3067\u3059\u3002\u4e2d\u671f\u7d4c\u55b6\u8a08\u753b\u306e\u7b56\u5b9a\u3001\u30b3\u30b9\u30c8\u524a\u6e1b\u3001\u4eba\u4e8b\u5236\u5ea6\u306e\u5237\u65b0\u3001DX\u306e\u63a8\u9032\u3001\u30ed\u30fc\u30eb\u30a2\u30c3\u30d7\uff08\u540c\u696d\u4ed6\u793e\u306e\u8cb7\u53ce\u30fb\u7d71\u5408\uff09\u306a\u3069\u3092\u5b9f\u65bd\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u6c42\u3081\u3089\u308c\u308b\u80fd\u529b\uff1a<\/strong> \u7d4c\u55b6\u6226\u7565\u7b56\u5b9a\u529b\u3001\u30ea\u30fc\u30c0\u30fc\u30b7\u30c3\u30d7\u3001\u5909\u9769\u7ba1\u7406\uff08\u30c1\u30a7\u30f3\u30b8\u30de\u30cd\u30b8\u30e1\u30f3\u30c8\uff09\u3002<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">2-2. \u5f79\u8077\uff08\u30bf\u30a4\u30c8\u30eb\uff09\u3068\u6607\u9032\u30b9\u30c6\u30c3\u30d7<\/h3>\n\n\n\n<p>PE\u30d5\u30a1\u30f3\u30c9\u306e\u30ad\u30e3\u30ea\u30a2\u968e\u5c64\u306f\u975e\u5e38\u306b\u53b3\u683c\u3067\u3042\u308a\u3001\u500b\u4eba\u306e\u6226\u95d8\u529b\u304c\u30b7\u30d3\u30a2\u306b\u554f\u308f\u308c\u307e\u3059\u3002<\/p>\n\n\n\n<ol start=\"1\" class=\"wp-block-list\">\n<li><strong>\u30a2\u30ca\u30ea\u30b9\u30c8\uff0f\u30a2\u30bd\u30b7\u30a8\u30a4\u30c8\uff08Analyst \/ Associate\uff09<\/strong>\n<ul class=\"wp-block-list\">\n<li><strong>\u5bfe\u8c61\u5e74\u9f62\uff1a<\/strong> 20\u4ee3\u4e2d\u76e4\u301c\u5f8c\u534a<\/li>\n\n\n\n<li><strong>\u4e3b\u306a\u5f79\u5272\uff1a<\/strong> \u8ca1\u52d9\u30e2\u30c7\u30eb\u306e\u69cb\u7bc9\u30fb\u30b7\u30df\u30e5\u30ec\u30fc\u30b7\u30e7\u30f3\u3001\u5404\u7a2e\u30ea\u30b5\u30fc\u30c1\u3001DD\u306e\u30ed\u30b8\u306e\u624b\u914d\u3001\u8cc7\u6599\u4f5c\u6210\u306a\u3069\u306e\u5b9f\u52d9\u5168\u822c\u3002\u6295\u8cc7\u9280\u884c\u306e\u82e5\u624b\u3084\u6226\u7565\u30b3\u30f3\u30b5\u30eb\u306e\u82e5\u624b\u304c\u3053\u306e\u30bf\u30a4\u30c8\u30eb\u3067\u5165\u793e\u3057\u307e\u3059\u3002<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>\u30f4\u30a1\u30a4\u30b9\u30fb\u30d7\u30ec\u30b8\u30c7\u30f3\u30c8\uff08VP\uff09\uff0f\u30c7\u30a3\u30ec\u30af\u30bf\u30fc\uff08Vice President \/ Director\uff09<\/strong>\n<ul class=\"wp-block-list\">\n<li><strong>\u5bfe\u8c61\u5e74\u9f62\uff1a<\/strong> 30\u4ee3\u524d\u534a\u301c40\u4ee3\u524d\u534a<\/li>\n\n\n\n<li><strong>\u4e3b\u306a\u5f79\u5272\uff1a<\/strong> \u6848\u4ef6\u306e\u30a8\u30b0\u30bc\u30ad\u30e5\u30fc\u30b7\u30e7\u30f3\u306b\u304a\u3051\u308b\u5b9f\u8cea\u7684\u306a\u73fe\u5834\u8cac\u4efb\u8005\uff08PM\uff09\u3002DD\u306e\u53d6\u308a\u307e\u3068\u3081\u3084LBO\u30ed\u30fc\u30f3\u306e\u6761\u4ef6\u4ea4\u6e09\u3001\u6295\u8cc7\u5148\u4f01\u696d\u306e\u53d6\u7de0\u5f79\u3068\u3057\u3066\u306e\u30d0\u30ea\u30e5\u30fc\u30a2\u30c3\u30d7\u4e3b\u5c0e\u306a\u3069\u3092\u62c5\u3044\u307e\u3059\u3002<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>\u30de\u30cd\u30fc\u30b8\u30f3\u30b0\u30fb\u30c7\u30a3\u30ec\u30af\u30bf\u30fc\uff0f\u30d1\u30fc\u30c8\u30ca\u30fc\uff08Managing Director \/ Partner\uff09<\/strong>\n<ul class=\"wp-block-list\">\n<li><strong>\u5bfe\u8c61\u5e74\u9f62\uff1a<\/strong> 40\u4ee3\u4ee5\u964d<\/li>\n\n\n\n<li><strong>\u4e3b\u306a\u5f79\u5272\uff1a<\/strong> \u30d5\u30a1\u30f3\u30c9\u306e\u5171\u540c\u7d4c\u55b6\u8005\u3002\u5927\u578b\u6848\u4ef6\u306e\u30bd\u30fc\u30b7\u30f3\u30b0\u3001LP\u304b\u3089\u306e\u8cc7\u91d1\u8abf\u9054\u3001\u6295\u8cc7\u5224\u65ad\u59d4\u54e1\u4f1a\u3067\u306e\u6700\u7d42\u610f\u601d\u6c7a\u5b9a\u3001\u6295\u8cc7\u5148\u30c8\u30c3\u30d7\u3068\u306e\u30cf\u30a4\u30ec\u30d9\u30eb\u306a\u95a2\u4fc2\u69cb\u7bc9\u3002<\/li>\n<\/ul>\n<\/li>\n<\/ol>\n\n\n\n<h3 class=\"wp-block-heading\">2-3. \u3010\u5e74\u53ce\u69cb\u9020\u3011\u30d7\u30ed\u30d5\u30a7\u30c3\u30b7\u30e7\u30ca\u30eb\u306e\u7d42\u7740\u70b9\u306b\u76f8\u5fdc\u3057\u3044\u5831\u916c\u4f53\u7cfb<\/h3>\n\n\n\n<p>PE\u30d5\u30a1\u30f3\u30c9\u306e\u5831\u916c\u4f53\u7cfb\u306f\u3001\u30d9\u30fc\u30b9\u30fb\u30dc\u30fc\u30ca\u30b9\u30fb\u30ad\u30e3\u30ea\u30fc\u3068\u3044\u30463\u3064\u306e\u8981\u7d20\u3067\u69cb\u6210\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u30d9\u30fc\u30b9\u30b5\u30e9\u30ea\u30fc\uff08\u56fa\u5b9a\u7d66\uff09\uff1a<\/strong> \u30bf\u30a4\u30c8\u30eb\u306b\u5fdc\u3058\u3066\u652f\u6255\u308f\u308c\u308b\u57fa\u672c\u7d66\u3002\u30a2\u30bd\u30b7\u30a8\u30a4\u30c8\u3067<strong>1,000\u4e07\u301c1,800\u4e07\u5186<\/strong>\u3001VP\u30af\u30e9\u30b9\u3067<strong>2,000\u4e07\u301c3,500\u4e07\u5186<\/strong>\u3001\u30d1\u30fc\u30c8\u30ca\u30fc\u306b\u306a\u308c\u3070<strong>5,000\u4e07\u5186\u4ee5\u4e0a<\/strong>\u304c\u76ee\u5b89\u3067\u3059\u3002<\/li>\n\n\n\n<li><strong>\u696d\u7e3e\u9023\u52d5\u30dc\u30fc\u30ca\u30b9\uff08\u8cde\u4e0e\uff09\uff1a<\/strong> \u5e74\u9593\u306e\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u3084\u30d5\u30a1\u30f3\u30c9\u306e\u9032\u6357\u306b\u5fdc\u3058\u3066\u652f\u6255\u308f\u308c\u307e\u3059\u3002\u30d9\u30fc\u30b9\u306e50%\u301c100%\u4ee5\u4e0a\u306b\u306a\u308b\u3053\u3068\u3082\u73cd\u3057\u304f\u3042\u308a\u307e\u305b\u3093\u3002<\/li>\n\n\n\n<li><strong>\u30ad\u30e3\u30ea\u30fc\uff08Carried Interest\uff1a\u6210\u529f\u5831\u916c\uff09\uff1a<\/strong> <strong>PE\u30d5\u30a1\u30f3\u30c9\u6700\u5927\u306e\u9b45\u529b\u3067\u3059\u3002<\/strong> \u30d5\u30a1\u30f3\u30c9\u304c\u6295\u8cc7\u5bb6\u306b\u7d04\u675f\u3057\u305f\u57fa\u6e96\u30ea\u30bf\u30fc\u30f3\uff08\u30cf\u30fc\u30c9\u30eb\u30ec\u30fc\u30c8\u3001\u4e00\u822c\u306b8%\u7a0b\u5ea6\uff09\u3092\u8d85\u3048\u3066\u5229\u76ca\u3092\u51fa\u3057\u305f\u5834\u5408\u3001\u305d\u306e\u8d85\u904e\u5229\u76ca\u306e\u7d0420%\u304c\u30d5\u30a1\u30f3\u30c9\u904b\u55b6\u30c1\u30fc\u30e0\u306b\u5206\u914d\u3055\u308c\u307e\u3059\u30021\u3064\u306e\u6848\u4ef6\u304c\u6210\u529f\u3057\u3066\u30a8\u30b0\u30b8\u30c3\u30c8\u3092\u8fce\u3048\u308b\u3060\u3051\u3067\u3001\u6570\u5343\u4e07\u5186\u301c\u6570\u5104\u5186\u3001\u30b7\u30cb\u30a2\u306a\u30d1\u30fc\u30c8\u30ca\u30fc\u306b\u306a\u308c\u3070\u6570\u5341\u5104\u5186\u3068\u3044\u3046\u500b\u4eba\u5831\u916c\u304c\u8ee2\u304c\u308a\u8fbc\u3093\u3067\u304f\u308b\u53ef\u80fd\u6027\u304c\u3042\u308a\u3001\u3053\u308c\u304c\u300c\u30ad\u30e3\u30d4\u30bf\u30ea\u30ba\u30e0\u306e\u6700\u9ad8\u5cf0\u300d\u3068\u547c\u3070\u308c\u308b\u6240\u4ee5\u3067\u3059\u3002<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">\u7b2c3\u7ae0\uff1a\u3010\u63a1\u7528\u8981\u4ef6\u3011PE\u30d5\u30a1\u30f3\u30c9\u306b\u8ee2\u8077\u3067\u304d\u308b\u30d0\u30c3\u30af\u30b0\u30e9\u30a6\u30f3\u30c9\u3068\u8a55\u4fa1\u57fa\u6e96<\/h2>\n\n\n\n<p>PE\u30d5\u30a1\u30f3\u30c9\u306e\u63a1\u7528\u67a0\u306f\u975e\u5e38\u306b\u72ed\u304f\u3001\u300c\u826f\u3044\u4eba\u304c\u3044\u308c\u3070\u63a1\u308b\u300d\u3068\u3044\u3046\u53b3\u9078\u63a1\u7528\u304c\u57fa\u672c\u3067\u3059\u3002\u66f8\u985e\u9078\u8003\u3092\u901a\u904e\u3057\u3001\u5185\u5b9a\u3092\u52dd\u3061\u53d6\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u4e3b\u306a\u30d0\u30c3\u30af\u30b0\u30e9\u30a6\u30f3\u30c9\u306f\u4ee5\u4e0b\u306e\u901a\u308a\u3067\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">3-1. \u6295\u8cc7\u9280\u884c\uff08IBD\uff09\u51fa\u8eab\u8005\uff1a\u30a8\u30b0\u30bc\u30ad\u30e5\u30fc\u30b7\u30e7\u30f3\u306e\u5373\u6226\u529b<\/h3>\n\n\n\n<p>PE\u30d5\u30a1\u30f3\u30c9\u3078\u306e\u8ee2\u8077\u5b9f\u7e3e\u3067\u6700\u3082\u9ad8\u3044\u30de\u30b8\u30e7\u30ea\u30c6\u30a3\u3092\u5360\u3081\u308b\u306e\u304c\u3001\u6295\u8cc7\u9280\u884c\u306eM&amp;A\u90e8\u9580\u3084\u30ab\u30d0\u30ec\u30c3\u30b8\u90e8\u9580\u306e\u51fa\u8eab\u8005\u3067\u3059\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u8a55\u4fa1\u3055\u308c\u308b\u7406\u7531\uff1a<\/strong> \u8907\u96d1\u306a\u8ca1\u52d9\u30e2\u30c7\u30eb\uff08LBO\u30e2\u30c7\u30eb\u3001DCF\u30e2\u30c7\u30eb\uff09\u3092\u5b8c\u74a7\u306b\u69cb\u7bc9\u3067\u304d\u308b\u30cf\u30fc\u30c9\u30b9\u30ad\u30eb\u3001\u30d0\u30ea\u30e5\u30a8\u30fc\u30b7\u30e7\u30f3\u306e\u6b63\u78ba\u6027\u3001M&amp;A\u306e\u30a8\u30b0\u30bc\u30ad\u30e5\u30fc\u30b7\u30e7\u30f3\u306e\u6d41\u308c\u3092\u719f\u77e5\u3057\u3066\u3044\u308b\u70b9\u3002<\/li>\n\n\n\n<li><strong>\u8ab2\u984c\u3068\u5bfe\u7b56\uff1a<\/strong> \u6295\u8cc7\u9280\u884c\u306f\u3042\u304f\u307e\u3067\u300c\u30a2\u30c9\u30d0\u30a4\u30b6\u30fc\u300d\u3067\u3042\u308b\u305f\u3081\u3001\u5f53\u4e8b\u8005\u610f\u8b58\u3084\u6295\u8cc7\u5bb6\u76ee\u7dda\uff08\u30ea\u30b9\u30af\u3092\u81ea\u3089\u53d6\u3063\u3066\u30ea\u30bf\u30fc\u30f3\u3092\u56de\u53ce\u3059\u308b\u8996\u70b9\uff09\u304c\u8584\u3044\u3068\u9762\u63a5\u3067\u843d\u3068\u3055\u308c\u307e\u3059\u3002\u300c\u306a\u305c\u30d7\u30ea\u30f3\u30b7\u30d1\u30eb\u3068\u3057\u3066\u30b3\u30df\u30c3\u30c8\u3057\u305f\u3044\u306e\u304b\u300d\u3092\u8a00\u8a9e\u5316\u3059\u308b\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">3-2. \u6226\u7565\u30b3\u30f3\u30b5\u30eb\u30c6\u30a3\u30f3\u30b0\u30d5\u30a1\u30fc\u30e0\u51fa\u8eab\u8005\uff1a\u30d0\u30ea\u30e5\u30fc\u30a2\u30c3\u30d7\u306e\u4e3b\u5c0e\u8005<\/h3>\n\n\n\n<p>\u30de\u30c3\u30ad\u30f3\u30bc\u30fc\u3001BCG\u3001\u30d9\u30a4\u30f3\u306a\u3069\u306e\u30c8\u30c3\u30d7\u30c6\u30a3\u30a2\u6226\u7565\u30b3\u30f3\u30b5\u30eb\u30bf\u30f3\u30c8\u3082\u6975\u3081\u3066\u9ad8\u304f\u8a55\u4fa1\u3055\u308c\u307e\u3059\u3002\u7279\u306b\u51fa\u8cc7\u5f8c\u306b\u7d4c\u55b6\u3078\u6df1\u304f\u95a2\u4e0e\u3059\u308b\u300c\u30cf\u30f3\u30ba\u30aa\u30f3\u578b\u300d\u306e\u30d5\u30a1\u30f3\u30c9\u3067\u9700\u8981\u304c\u65fa\u76db\u3067\u3059\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u8a55\u4fa1\u3055\u308c\u308b\u7406\u7531\uff1a<\/strong> 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class=\"wp-block-heading\">3-3. 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class=\"wp-block-heading\">\u7b2c4\u7ae0\uff1a\u3010\u9078\u8003\u5bfe\u7b56\u3011\u30e2\u30c7\u30ea\u30f3\u30b0\u30c6\u30b9\u30c8\u30fb\u30b1\u30fc\u30b9\u30b9\u30bf\u30c7\u30a3\u30fb\u9762\u63a5\u306e\u7a81\u7834\u6cd5<\/h2>\n\n\n\n<p>PE\u30d5\u30a1\u30f3\u30c9\u306e\u9078\u8003\u30d7\u30ed\u30bb\u30b9\u306f\u3001\u5168\u8ee2\u8077\u5e02\u5834\u306e\u4e2d\u3067\u6700\u3082\u30bf\u30d5\u3067\u3059\u3002\u66f8\u985e\u9078\u8003\u306e\u901a\u904e\u5f8c\u30013\u301c5\u56de\u4ee5\u4e0a\u306e\u9762\u63a5\u3001\u3055\u3089\u306b\u306f\u300c\u30e2\u30c7\u30ea\u30f3\u30b0\u30c6\u30b9\u30c8\u300d\u3084\u300c\u30b1\u30fc\u30b9\u30b9\u30bf\u30c7\u30a3\u300d\u304c\u8ab2\u3055\u308c\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">4-1. 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start=\"1\" class=\"wp-block-list\">\n<li>\u904e\u53bb\u306e\u8ca1\u52d9\u8af8\u8868\uff08P\/L, B\/S, C\/F\uff09\u306e3\u8868\u9023\u52d5\u30e2\u30c7\u30eb\u306e\u4f5c\u6210<\/li>\n\n\n\n<li>\u5c06\u6765\u306e\u696d\u7e3e\u4e88\u6e2c\u30b7\u30ca\u30ea\u30aa\uff08\u30d9\u30fc\u30b9\u3001\u30a2\u30c3\u30d7\u30b5\u30a4\u30c9\u3001\u30c0\u30a6\u30f3\u30b5\u30a4\u30c9\uff09\u306e\u8a2d\u5b9a<\/li>\n\n\n\n<li>LBO\u30ed\u30fc\u30f3\uff08\u30b7\u30cb\u30a2\u3001\u30e1\u30b6\u30cb\u30f3\u7b49\uff09\u306e\u8abf\u9054\u3068\u8fd4\u6e08\u30b9\u30b1\u30b8\u30e5\u30fc\u30eb\u306e\u7d44\u307f\u8fbc\u307f<\/li>\n\n\n\n<li>\u6700\u7d42\u7684\u306a\u6295\u8cc7\u56de\u53ce\u7387\uff08IRR\uff1a\u5185\u90e8\u53ce\u76ca\u7387\u3001MOIC\uff1a\u6295\u8cc7\u500d\u7387\uff09\u306e\u7b97\u51fa<\/li>\n<\/ol>\n<\/blockquote>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u5bfe\u7b56\uff1a<\/strong> \u5e02\u8ca9\u306e\u6d77\u5916\u6559\u6750\uff08Wall Street Prep\u3084BIWS\u306a\u3069\uff09\u3092\u6d3b\u7528\u3057\u3001\u4f55\u3082\u898b\u305a\u306b3\u8868\u9023\u52d5LBO\u30e2\u30c7\u30eb\u30921\u6642\u9593\u534a\u4ee5\u5185\u3067\u30bc\u30ed\u304b\u3089\u7d44\u307f\u4e0a\u3052\u3089\u308c\u308b\u307e\u3067\u3001\u5fb9\u5e95\u7684\u306a\u53cd\u5fa9\u7df4\u7fd2\uff0810\u56de\u301c20\u56de\u4ee5\u4e0a\uff09\u304c\u5fc5\u8981\u3067\u3059\u3002\u6570\u5f0f\u306e\u7f8e\u3057\u3055\u3001\u30d5\u30a9\u30f3\u30c8\u30ab\u30e9\u30fc\u306e\u4f7f\u3044\u5206\u3051\u3001\u30b7\u30e7\u30fc\u30c8\u30ab\u30c3\u30c8\u3092\u99c6\u4f7f\u3057\u305f\u30b9\u30d4\u30fc\u30c9\u304c\u53b3\u3057\u304f\u8a55\u4fa1\u3055\u308c\u307e\u3059\u3002<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">4-3. \u30b1\u30fc\u30b9\u30b9\u30bf\u30c7\u30a3\uff08\u6295\u8cc7\u4eee\u8aac\u30fb\u30d0\u30ea\u30e5\u30fc\u30a2\u30c3\u30d7\u30d7\u30e9\u30f3\u306e\u63d0\u793a\uff09\u306e\u653b\u7565\u6cd5<\/h3>\n\n\n\n<p>\u4e3b\u306b\u5bfe\u8c61\u4f01\u696d\u306e\u30d3\u30b8\u30cd\u30b9\u30e2\u30c7\u30eb\u306e\u826f\u3057\u60aa\u3057\u3092\u8a55\u4fa1\u3059\u308b\u30c6\u30b9\u30c8\u3067\u3059\u3002\u300c\u3007\u3007\u3068\u3044\u3046\u4f01\u696d\u304c\u3042\u308b\u3002\u541b\u304c\u30d5\u30a1\u30f3\u30c9\u306e\u4eba\u9593\u306a\u3089\u3001\u3053\u306e\u4f01\u696d\u306b\u6295\u8cc7\u3059\u308b\u304b\uff1f \u305d\u306e\u7406\u7531\u306f\uff1f \u6295\u8cc7\u3057\u305f\u5f8c\u306e\u30d0\u30ea\u30e5\u30fc\u30a2\u30c3\u30d7\u65bd\u7b56\u306f\uff1f\u300d\u3068\u3044\u3046\u304a\u984c\u306b\u5bfe\u3057\u3001\u30d7\u30ec\u30bc\u30f3\u30c6\u30fc\u30b7\u30e7\u30f3\u304a\u3088\u3073\u30d1\u30fc\u30c8\u30ca\u30fc\u9663\u304b\u3089\u306e\u8cea\u7591\u5fdc\u7b54\uff08\u30d7\u30ec\u30c3\u30b7\u30e3\u30fc\u9762\u63a5\uff09\u306b\u5bfe\u5fdc\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u653b\u7565\u306e\u30dd\u30a4\u30f3\u30c8\uff1a<\/strong> \u30b3\u30f3\u30b5\u30eb\u30bf\u30f3\u30c8\u7684\u306a\u30d5\u30ec\u30fc\u30e0\u30ef\u30fc\u30af\u3060\u3051\u3067\u306f\u4e0d\u5341\u5206\u3067\u3059\u3002\u300c\u30ea\u30b9\u30af\u306f\u3069\u3053\u306b\u3042\u308a\u3001\u305d\u308c\u3092\u3069\u3046\u30d8\u30c3\u30b8\u3059\u308b\u304b\u300d\u300c\u3044\u304f\u3089\u3067\u8cb7\u3063\u3066\u3001\u3044\u304f\u3089\u3067\u58f2\u308c\u308b\u304b\u300d\u300c\u30c0\u30a6\u30f3\u30b5\u30a4\u30c9\uff08\u6700\u60aa\u306e\u30b7\u30ca\u30ea\u30aa\uff09\u306b\u9665\u3063\u305f\u969b\u3001\u30d5\u30a1\u30f3\u30c9\u3068\u3057\u3066\u5143\u672c\u3092\u56de\u53ce\u3067\u304d\u308b\u304b\u300d\u3068\u3044\u3046\u3001<strong>\u5fb9\u5e95\u7684\u306a\u30ea\u30b9\u30af\u7ba1\u7406\u3068\u6295\u8cc7\u5bb6\uff08\u30d7\u30ea\u30f3\u30b7\u30d1\u30eb\uff09\u306e\u8996\u70b9<\/strong>\u304c\u6210\u5426\u3092\u5206\u3051\u307e\u3059\u3002<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">4-4. 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\u30a2\u30c9\u30d0\u30a4\u30b6\u30fc\u3068\u3057\u3066\u306e\u9650\u754c\uff08\u30c7\u30a3\u30fc\u30eb\u304c\u7d42\u308f\u3063\u305f\u3089\u96e2\u308c\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u3001\u672c\u5f53\u306e\u7d4c\u55b6\u8cac\u4efb\u3092\u8ca0\u3048\u306a\u3044\uff09\u306b\u8a00\u53ca\u3057\u3001\u81ea\u3089\u306e\u610f\u601d\u6c7a\u5b9a\u3068\u8cc7\u91d1\u3092\u6295\u3058\u3066\u3001\u9577\u671f\u7684\u304b\u3064\u5f53\u4e8b\u8005\u3068\u3057\u3066\u4f01\u696d\u306e\u904b\u547d\u3092\u80cc\u8ca0\u3044\u3001\u4fa1\u5024\u3092\u5275\u9020\u3059\u308b\u3053\u3068\u3078\u306e\u6e07\u671b\u3092\u3001\u904e\u53bb\u306e\u5177\u4f53\u7684\u30a8\u30d4\u30bd\u30fc\u30c9\u3092\u4ea4\u3048\u3066\u8ad6\u7406\u7684\u306b\u8a9e\u308a\u307e\u3059\u3002<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>\u8cea\u554f\uff1a\u300c\u6295\u8cc7\u3057\u3066\u307f\u305f\u3044\u696d\u754c\u3084\u5177\u4f53\u7684\u306a\u30bf\u30fc\u30b2\u30c3\u30c8\u4f01\u696d\u306f\u3042\u308b\u304b\uff1f\u300d<\/strong>\n<ul class=\"wp-block-list\">\n<li><strong>\u56de\u7b54\u306e\u65b9\u5411\u6027\uff1a<\/strong> \u7279\u5b9a\u306e\u696d\u754c\uff08\u4f8b\uff1a\u8001\u8217\u98df\u54c1\u88fd\u9020\u696d\u3001\u7523\u696d\u7528\u6a5f\u68b0\u30d1\u30fc\u30c4\u30e1\u30fc\u30ab\u30fc\u7b49\uff09\u3092\u6319\u3052\u3001\u305d\u306e\u7406\u7531\uff08\u5e02\u5834\u304c\u65ad\u7247\u5316\u3057\u3066\u304a\u308a\u4e8b\u696d\u627f\u7d99\u554f\u984c\u304c\u6df1\u523b\u3067\u3042\u308b\u4e00\u65b9\u3001\u30b3\u30a2\u306a\u6280\u8853\u529b\u304c\u3042\u308b\u7b49\uff09\u3092\u8aac\u660e\u3002\u3055\u3089\u306b\u3001\u30d5\u30a1\u30f3\u30c9\u306e\u8cc7\u91d1\u529b\u3068\u30ce\u30a6\u30cf\u30a6\u3092\u6295\u5165\u3057\u3001\u540c\u696d\u4ed6\u793e\u3092\u30ed\u30fc\u30eb\u30a2\u30c3\u30d7\uff08\u8cb7\u53ce\u7d71\u5408\uff09\u3057\u3066\u898f\u6a21\u306e\u7d4c\u6e08\u3092\u52b9\u304b\u305b\u308c\u3070\u3001\u6570\u5e74\u3067EBITDA\u30de\u30eb\u30c1\u30d7\u30eb\u3092\u5f15\u304d\u4e0a\u3052\u3001\u5927\u304d\u306a\u30a8\u30b0\u30b8\u30c3\u30c8\u30b9\u30c8\u30fc\u30ea\u30fc\u304c\u63cf\u3051\u308b\u3001\u3068\u3044\u3063\u305f\u5177\u4f53\u7684\u306a\u6295\u8cc7\u4eee\u8aac\u3092\u63d0\u793a\u3057\u307e\u3059\u3002<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">\u7b2c5\u7ae0\uff1a\u3010\u30a8\u30fc\u30b8\u30a7\u30f3\u30c8\u6d3b\u7528\u6cd5\u3011\u30b3\u30c8\u30e9\uff08KOTORA\uff09\u306e\u5f37\u307f\u3068\u975e\u516c\u958b\u6c42\u4eba\u306e\u7372\u5f97\u6226\u7565<\/h2>\n\n\n\n<p>PE\u30d5\u30a1\u30f3\u30c9\u8ee2\u8077\u3092\u6210\u529f\u3055\u305b\u308b\u4e0a\u3067\u3001\u91d1\u878d\u30fb\u30cf\u30a4\u30af\u30e9\u30b9\u8ee2\u8077\u306b\u5727\u5012\u7684\u306a\u5f37\u307f\u3092\u6301\u3064\u300c\u30b3\u30c8\u30e9\u300d\u306e\u6d3b\u7528\u306f\u6975\u3081\u3066\u6709\u52b9\u306a\u6226\u7565\u3067\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">5-1. 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class=\"wp-block-heading\">5-2. 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class=\"wp-block-heading\">5-3. \u8ee2\u8077\u6210\u529f\u7387\u3092\u4e0a\u3052\u308b\u30b3\u30c8\u30e9\u306e4\u3064\u306e\u6d3b\u7528\u30b9\u30c6\u30c3\u30d7<\/h3>\n\n\n\n<p>\u30b3\u30c8\u30e9\u306e\u6c42\u4eba\u691c\u7d22\u30da\u30fc\u30b8\u3092\u8d77\u70b9\u306b\u3001\u9078\u8003\u3092\u6709\u5229\u306b\u9032\u3081\u308b\u305f\u3081\u306e\u30a2\u30af\u30b7\u30e7\u30f3\u30d7\u30e9\u30f3\u3067\u3059\u3002<\/p>\n\n\n\n<ol start=\"1\" class=\"wp-block-list\">\n<li><strong>\u5373\u5ea7\u306b\u4f1a\u54e1\u767b\u9332\u3057\u3001\u975e\u516c\u958b\u6c42\u4eba\u306e\u30a2\u30f3\u30c6\u30ca\u3092\u7acb\u3066\u308b<\/strong>PE\u30d5\u30a1\u30f3\u30c9\u306e\u63a1\u7528\u306f\u300c\u5e2d\u304c\u7a7a\u3044\u305f\u77ac\u9593\u300d\u3068\u3044\u3046\u30bf\u30a4\u30df\u30f3\u30b0\u304c\u3059\u3079\u3066\u3067\u3059\u3002\u4e8b\u524d\u306b\u30b3\u30c8\u30e9\u306e\u30b3\u30f3\u30b5\u30eb\u30bf\u30f3\u30c8\u3068\u9762\u8ac7\u3057\u3001\u81ea\u5206\u306e\u7d4c\u6b74\u3068\u610f\u601d\u3092\u4f1d\u3048\u3066\u304a\u304f\u3053\u3068\u3067\u3001\u6975\u79d8\u6848\u4ef6\u304c\u5165\u3063\u305f\u77ac\u9593\u306b\u30d5\u30a1\u30fc\u30b9\u30c8\u30b3\u30fc\u30eb\u3092\u3082\u3089\u3048\u308b\u4f53\u5236\u3092\u4f5c\u308a\u307e\u3059\u3002<\/li>\n\n\n\n<li><strong>PE\u30d5\u30a1\u30f3\u30c9\u5c02\u7528\u306e\u8077\u52d9\u7d4c\u6b74\u66f8\uff08\u30ec\u30b8\u30e5\u30e1\uff09\u6dfb\u524a\u3092\u53d7\u3051\u308b<\/strong>\u30b3\u30c8\u30e9\u306e\u30b3\u30f3\u30b5\u30eb\u30bf\u30f3\u30c8\u306e\u6dfb\u524a\u3092\u53d7\u3051\u3001\u66f8\u985e\u9078\u8003\u306e\u901a\u904e\u7387\u3092\u6975\u9650\u307e\u3067\u9ad8\u3081\u307e\u3059\u3002<\/li>\n\n\n\n<li><strong>\u904e\u53bb\u306e\u9078\u8003\u30c7\u30fc\u30bf\u30fb\u9762\u63a5\u904e\u53bb\u554f\u3092\u56de\u53ce\u3059\u308b<\/strong>\u30b3\u30c8\u30e9\u306b\u84c4\u7a4d\u3055\u308c\u3066\u3044\u308b\u300c\u904e\u53bb\u306b\u305d\u306e\u30d5\u30a1\u30f3\u30c9\u3092\u53d7\u9a13\u3057\u305f\u5148\u8f29\u305f\u3061\u306e\u9762\u63a5\u30c7\u30fc\u30bf\uff08\u8cea\u554f\u5185\u5bb9\u3001\u30b1\u30fc\u30b9\u30b9\u30bf\u30c7\u30a3\u306e\u304a\u984c\u3001\u30e2\u30c7\u30ea\u30f3\u30b0\u30c6\u30b9\u30c8\u306e\u96e3\u6613\u5ea6\uff09\u300d\u306b\u30a2\u30af\u30bb\u30b9\u3057\u307e\u3059\u3002<\/li>\n\n\n\n<li><strong>\u6a21\u64ec\u9762\u63a5\u3068\u30e2\u30c7\u30ea\u30f3\u30b0\u30c6\u30b9\u30c8\u306e\u30d5\u30a3\u30fc\u30c9\u30d0\u30c3\u30af\u3092\u3082\u3089\u3046<\/strong>\u672c\u756a\u3055\u306a\u304c\u3089\u306e\u74b0\u5883\u3067\u5bfe\u7b56\u3092\u884c\u3044\u3001\u4e07\u5168\u306e\u72b6\u614b\u3067\u9078\u8003\u306b\u81e8\u307f\u307e\u3059\u3002<\/li>\n<\/ol>\n\n\n\n<h2 class=\"wp-block-heading\">\u7b2c6\u7ae0\uff1a\u3010\u5165\u793e\u5f8c\u306e\u30ea\u30a2\u30eb\u3011\u6fc0\u52d9\u306e\u5b9f\u614b\u30fb\u30cf\u30f3\u30ba\u30aa\u30f3\u306e\u6d17\u793c\u30fb\u30cd\u30af\u30b9\u30c8\u30ad\u30e3\u30ea\u30a2<\/h2>\n\n\n\n<p>\u96e3\u95a2\u9078\u8003\u3092\u7a81\u7834\u3057\u3066PE\u30d5\u30a1\u30f3\u30c9\u306b\u5165\u793e\u3057\u305f\u5f8c\u306b\u5f85\u3061\u53d7\u3051\u308b\u3001\u30ea\u30a2\u30eb\u306a\u5b9f\u614b\u3068\u751f\u304d\u6b8b\u308a\u6226\u7565\u306b\u3064\u3044\u3066\u89e3\u8aac\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">6-1. \u6fc0\u52d9\u306e\u771f\u76f8\uff1a\u30ef\u30fc\u30af\u30e9\u30a4\u30d5\u30d0\u30e9\u30f3\u30b9\u3068\u52b4\u50cd\u74b0\u5883\u306e\u30ea\u30a2\u30eb<\/h3>\n\n\n\n<p>PE\u30d5\u30a1\u30f3\u30c9\u306f\u5c11\u4eba\u6570\u306e\u30d7\u30ed\u30d5\u30a7\u30c3\u30b7\u30e7\u30ca\u30eb\u3067\u69cb\u6210\u3055\u308c\u3066\u3044\u308b\u305f\u3081\u3001\u4e00\u4eba\u3042\u305f\u308a\u306e\u696d\u52d9\u91cf\u3068\u8cac\u4efb\u306f\u5927\u304d\u306a\u3082\u306e\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u7279\u306b\u300c\u30a8\u30b0\u30bc\u30ad\u30e5\u30fc\u30b7\u30e7\u30f3\uff08\u6295\u8cc7\u5b9f\u884c\uff09\u5c40\u9762\u300d\u306b\u304a\u3044\u3066\u306f\u3001\u6295\u8cc7\u59d4\u54e1\u4f1a\u3078\u306e\u63d0\u51fa\u671f\u9650\u3084\u8cb7\u53ce\u76f8\u624b\u3068\u306e\u5951\u7d04\u4ea4\u6e09\u30c7\u30c3\u30c9\u30e9\u30a4\u30f3\u306b\u8ffd\u308f\u308c\u308b\u65e5\u3005\u3068\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u4e00\u65b9\u3067\u3001\u6295\u8cc7\u304c\u5b8c\u4e86\u3057\u3001\u30d0\u30ea\u30e5\u30fc\u30a2\u30c3\u30d7\u30d5\u30a7\u30fc\u30ba\uff08\u5b89\u5b9a\u671f\uff09\u306b\u5165\u308b\u3068\u3001\u81ea\u3089\u306e\u88c1\u91cf\u3067\u30b9\u30b1\u30b8\u30e5\u30fc\u30eb\u3092\u30b3\u30f3\u30c8\u30ed\u30fc\u30eb\u3057\u3084\u3059\u304f\u306a\u308b\u305f\u3081\u3001\u6bd4\u8f03\u7684\u30b3\u30f3\u30c8\u30ed\u30fc\u30eb\u3055\u308c\u305f\u50cd\u304d\u65b9\u304c\u3067\u304d\u308b\u671f\u9593\u3082\u3042\u308a\u307e\u3059\u3002\u300c\u5e38\u306b\u6fc0\u52d9\u300d\u3068\u3044\u3046\u3088\u308a\u306f\u3001\u300c\u30aa\u30f3\u3068\u30aa\u30d5\u306e\u6ce2\u304c\u6975\u3081\u3066\u6fc0\u3057\u3044\u74b0\u5883\u300d\u3068\u6349\u3048\u308b\u306e\u304c\u6b63\u78ba\u3067\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">6-2. 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class=\"wp-block-list\">\n<li>\u73fe\u5834\u306e\u6ce5\u81ed\u3044\u8ab2\u984c\u89e3\u6c7a\u306b\u4e00\u7dd2\u306b\u6c57\u3092\u6d41\u3059<\/li>\n\n\n\n<li>\u793e\u9577\u3084\u5f79\u54e1\u306e\u30d7\u30e9\u30a4\u30c9\u3092\u50b7\u3064\u3051\u305a\u306b\u3001\u81ea\u7136\u3068\u6539\u9769\u306e\u65b9\u5411\u3078\u8a98\u5c0e\u3059\u308b<\/li>\n\n\n\n<li>\u5b9a\u671f\u7684\u306b\u73fe\u5834\u306e\u5e79\u90e8\u3068\u30b3\u30df\u30e5\u30cb\u30b1\u30fc\u30b7\u30e7\u30f3\u3092\u91cd\u306d\u3066\u672c\u97f3\u3092\u8074\u304d\u51fa\u3059<\/li>\n<\/ul>\n\n\n\n<p>\u3053\u3046\u3057\u305f\u300c\u9ad8\u3044\u30a8\u30e2\u30fc\u30b7\u30e7\u30ca\u30eb\u30fb\u30a4\u30f3\u30c6\u30ea\u30b8\u30a7\u30f3\u30b9\uff08EQ\uff1a\u5fc3\u306e\u77e5\u80fd\u6307\u6570\uff09\u300d\u3068\u4eba\u9593\u6ce5\u81ed\u3055\u3092\u6301\u3066\u308b\u304b\u3069\u3046\u304b\u304c\u3001PE\u30d5\u30a1\u30f3\u30c9\u3067\u30b9\u30bf\u30fc\u30d7\u30ec\u30a4\u30e4\u30fc\uff08\u30d1\u30fc\u30c8\u30ca\u30fc\uff09\u306b\u767b\u308a\u8a70\u3081\u3089\u308c\u308b\u304b\u3069\u3046\u304b\u306e\u5206\u6c34\u5dba\u3068\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">6-3. 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