{"id":1850,"date":"2023-05-25T11:00:59","date_gmt":"2023-05-25T02:00:59","guid":{"rendered":"https:\/\/www.n-academy.jp\/pre\/?p=1850"},"modified":"2023-05-25T14:24:28","modified_gmt":"2023-05-25T05:24:28","slug":"kabu_004","status":"publish","type":"post","link":"https:\/\/www.n-academy.jp\/pre\/2023\/05\/25\/kabu_004\/","title":{"rendered":"\u682a\u5f0f\u6295\u8cc7\u306e\u9298\u67c4\u9078\u3073\u306b\u5f79\u7acb\u3064\u300c\u6c7a\u7b97\u66f8\u306e\u8aad\u307f\u65b9\u300d\u3068\u306f\uff1f \u521d\u5fc3\u8005\u5411\u3051\u306b\u308f\u304b\u308a\u3084\u3059\u304f\u89e3\u8aac"},"content":{"rendered":"<div id=\"toc_container\" class=\"no_bullets\"><p class=\"toc_title\">\u76ee\u6b21<\/p><ul class=\"toc_list\"><li><a href=\"#i\"><span class=\"toc_number toc_depth_1\">1<\/span> \u6c7a\u7b97\u66f8\u3068\u306f\uff1f\u6c7a\u7b97\u66f8\u304b\u3089\u308f\u304b\u308b\u3053\u3068<\/a><\/li><li><a href=\"#i-2\"><span class=\"toc_number toc_depth_1\">2<\/span> \u307e\u305a\u306f\u62bc\u3055\u3048\u3066\u304a\u304d\u305f\u3044\u8ca1\u52d9\u4e09\u8868<\/a><ul><li><a href=\"#i-3\"><span class=\"toc_number toc_depth_2\">2.1<\/span> \u8cb8\u501f\u5bfe\u7167\u8868<\/a><\/li><li><a href=\"#i-4\"><span class=\"toc_number toc_depth_2\">2.2<\/span> \u640d\u76ca\u8a08\u7b97\u66f8<\/a><\/li><li><a href=\"#i-5\"><span class=\"toc_number toc_depth_2\">2.3<\/span> \u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u8a08\u7b97\u66f8<\/a><\/li><\/ul><\/li><li><a href=\"#i-6\"><span class=\"toc_number toc_depth_1\">3<\/span> \u6c7a\u7b97\u66f8\u3067\u6ce8\u76ee\u3059\u3079\u304d\uff13\u3064\u306e\u30dd\u30a4\u30f3\u30c8<\/a><\/li><li><a href=\"#i-7\"><span class=\"toc_number toc_depth_1\">4<\/span> \u682a\u5f0f\u6295\u8cc7\u306b\u5fc5\u8981\u306a\uff14\u3064\u306e\u6307\u6a19<\/a><ul><li><a href=\"#EPS1\"><span class=\"toc_number toc_depth_2\">4.1<\/span> EPS\uff1a1\u682a\u5f53\u305f\u308a\u7d14\u5229\u76ca<\/a><\/li><li><a href=\"#PER\"><span class=\"toc_number toc_depth_2\">4.2<\/span> PER\uff1a\u682a\u4fa1\u53ce\u76ca\u7387<\/a><\/li><li><a href=\"#PBR\"><span class=\"toc_number toc_depth_2\">4.3<\/span> PBR\uff1a\u682a\u4fa1\u7d14\u8cc7\u7523\u500d\u7387<\/a><\/li><li><a href=\"#BPS\"><span class=\"toc_number toc_depth_2\">4.4<\/span> BPS\uff1a\uff11\u682a\u5f53\u305f\u308a\u7d14\u8cc7\u7523<\/a><\/li><\/ul><\/li><li><a href=\"#i-8\"><span class=\"toc_number toc_depth_1\">5<\/span> \uff15\uff0e\u307e\u3068\u3081<\/a><\/li><\/ul><\/div>\n<h2 class=\"midashi2\"><span id=\"i\">\u6c7a\u7b97\u66f8\u3068\u306f\uff1f\u6c7a\u7b97\u66f8\u304b\u3089\u308f\u304b\u308b\u3053\u3068<\/span><\/h2>\n<p>\u6c7a\u7b97\u66f8\u3068\u306f\u3001\u7c21\u5358\u306b\u8a00\u3046\u3068\u4f01\u696d\u306e\u6210\u7e3e\u8868\u3001\u5065\u5eb7\u8a3a\u65ad\u8868\u3067\u3059\u3002<\/p>\n<p>\u4eba\u304c1\u5e74\u306b1\u56de\u5065\u5eb7\u8a3a\u65ad\u3092\u53d7\u3051\u308b\u3088\u3046\u306b\u3001\u4f01\u696d\u306f1\u5e74\u306b1\u56de\u6c7a\u7b97\u3092\u3057\u307e\u3059\u3002\u8fd1\u5e74\u3067\u306f3\u30f6\u6708\u306b1\u5ea6\u306e\u56db\u534a\u671f\u6c7a\u7b97\u3082\u4e00\u822c\u7684\u306b\u306a\u3063\u3066\u3044\u3066\u3001\u3053\u3061\u3089\u306f\u300c<span style=\"color: #3366ff;\"><strong>\u6c7a\u7b97\u77ed\u4fe1<\/strong><\/span>\u300d\u3068\u547c\u3070\u308c\u307e\u3059\u3002<\/p>\n<p><span style=\"font-weight: 400;\"><span style=\"background-color: #ffcc99;\">\u6c7a\u7b97\u66f8\u304b\u3089\u308f\u304b\u308b\u3053\u3068\u306f\u3001<strong>\u4f01\u696d\u306e\u904e\u53bb\u3001\u73fe\u5728\u3001\u672a\u6765\u306e\u304a\u91d1\u306b\u5bfe\u3059\u308b\u4f53\u529b\u3001\u5b9f\u529b<\/strong><\/span>\u3067\u3059\u3002<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u58f2\u4e0a\u3068\u5229\u76ca\u304c\u5897\u52a0\u3057\u3066\u3044\u308c\u3070\u3001\u4f53\u529b\u3082\u5b9f\u529b\u3082\u3042\u308b\u4f01\u696d\u3068\u8a00\u3048\u307e\u3059\u3002\u6295\u8cc7\u5bb6\u306b\u3068\u3063\u3066\u306f\u9b45\u529b\u7684\u306a\u4f01\u696d\u3067\u3059\u306d\u3002<\/span><span style=\"font-weight: 400;\">\u3064\u3044\u58f2\u4e0a\u306b\u76ee\u304c\u3044\u3063\u3066\u3057\u307e\u3046\u306e\u3067\u3059\u304c\u3001\u58f2\u4e0a\u304c\u4e0a\u304c\u3063\u3066\u3044\u3066\u3082\u8d64\u5b57\u306e\u5834\u5408\u3082\u3042\u308b\u306e\u3067\u3001\u5229\u76ca\u3082\u540c\u6642\u306b\u898b\u308b\u3053\u3068\u304c\u5fc5\u8981\u3067\u3059\u3002<span style=\"background-color: #ffcc99;\">\u6c7a\u7b97\u66f8\u3067\u306f<strong>\u58f2\u4e0a\u3068\u5229\u76ca\u3092\u540c\u6642\u306b\u78ba\u8a8d\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059<\/strong><\/span>\u3002<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u58f2\u4e0a\u3068\u5229\u76ca\u306e\u7d44\u307f\u5408\u308f\u305b\u306b\u306f\uff14\u3064\u306e\u30d1\u30bf\u30fc\u30f3\u304c\u3042\u308a\u307e\u3059\u3002<\/span><\/p>\n<p><img loading=\"lazy\" class=\"aligncenter wp-image-1877 size-large\" src=\"https:\/\/www.n-academy.jp\/pre\/wp-content\/uploads\/2023\/05\/06cdfd02a23abbefe8f0a989cb1c4de2-1024x576.jpg\" alt=\"\" width=\"730\" height=\"411\" \/><\/p>\n<p>\u58f2\u4e0a\u3068\u3044\u3046\u53ce\u76ca\u304b\u3089\u8cbb\u7528\u3092\u5f15\u3044\u3066\u3001<strong>\u30de\u30a4\u30ca\u30b9\u306a\u3089<span style=\"color: #3366ff;\">\u640d\u5931<\/span><\/strong>\u3001<strong>\u30d7\u30e9\u30b9\u306a\u3089<span style=\"color: #3366ff;\">\u5229\u76ca<\/span><\/strong>\u3068\u3044\u3044\u307e\u3059\u3002<span style=\"color: #3366ff;\"><strong>\u640d\u76ca<\/strong><\/span>\u3068\u3044\u3046\u8a00\u8449\u306f\u3001<strong><span style=\"color: #3366ff;\">\u640d<\/span>\u5931\u5229<span style=\"color: #3366ff;\">\u76ca<\/span><\/strong><span style=\"color: #000000;\">\u3092<\/span>\u7701\u7565\u3057\u305f\u3082\u306e\u3067\u3059\u3002\u640d\u5931\u306a\u306e\u304b\u5229\u76ca\u306a\u306e\u304b\u306f\u3001\u5f8c\u306b\u8aac\u660e\u3059\u308b<span style=\"color: #3366ff;\"><strong>\u640d\u76ca\u8a08\u7b97\u66f8<\/strong><\/span>\u3092\u898b\u308b\u3068\u308f\u304b\u308a\u307e\u3059\u3002<\/p>\n<p><span style=\"font-weight: 400;\">\u6c7a\u7b97\u66f8\u306e\u5834\u5408\u306f\u6628\u5e74\u6bd4\u3082\u4f75\u305b\u3066\u898b\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u306e\u3067\u3001\u4f01\u696d\u306e\u52e2\u3044\u3082\u308f\u304b\u308a\u307e\u3059\u3002<\/span><span style=\"font-weight: 400;\">\u4f8b\u3048\u3070\u3001\u58f2\u4e0a\u304c20\uff05\u305a\u3064\u5897\u3048\u3066\u3044\u305f\u4f1a\u793e\u304c10\uff05\u306e\u5897\u52a0\u306b\u306a\u308c\u3070\u3001\u898b\u52a3\u308a\u3057\u3066\u3044\u308b\u3068\u898b\u306a\u3055\u308c\u307e\u3059\u3002\u3064\u307e\u308a\u3001\u6210\u9577\u304c\u920d\u5316\u3057\u305f\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u521d\u5fc3\u8005\u306a\u3089\u3001\u53f3\u4e0a\u306e\u300c<span style=\"color: #3366ff;\"><strong>\u5897\u53ce\u5897\u76ca<\/strong><\/span>\u300d\u306e\u4f01\u696d\u3092\u63a2\u3057\u307e\u3057\u3087\u3046\u3002\u6c7a\u7b97\u66f8\u3092\u898b\u6163\u308c\u3066\u3044\u306a\u3044\u3068\u58f2\u4e0a\u304c\u5897\u3048\u3066\u3044\u308b\u3053\u3068\u3060\u3051\u306b\u76ee\u304c\u884c\u304d\u304c\u3061\u3067\u3059\u304c\u3001\u682a\u5f0f\u6295\u8cc7\u3067\u306f\u4f38\u3073\u7387\u3092\u898b\u308b\u3053\u3068\u304c\u30dd\u30a4\u30f3\u30c8\u3068\u306a\u308a\u307e\u3059\u3002<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2 class=\"midashi2\"><span id=\"i-2\">\u307e\u305a\u306f<strong>\u62bc\u3055\u3048\u3066<\/strong>\u304a\u304d\u305f\u3044\u8ca1\u52d9\u4e09\u8868<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">\u4e00\u822c\u7684\u306b\u6c7a\u7b97\u66f8\u3068\u306f\u300c<span style=\"color: #3366ff;\"><strong>\u8cb8\u501f\u5bfe\u7167\u8868<\/strong><\/span>\u300d\u300c<span style=\"color: #3366ff;\"><strong>\u640d\u76ca\u8a08\u7b97\u66f8<\/strong><\/span>\u300d\u300c<span style=\"color: #3366ff;\"><strong>\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u8a08\u7b97\u66f8<\/strong><\/span>\u300d\u306e\u8ca1\u52d9\u4e09\u8868\u306e\u3053\u3068\u3092\u6307\u3057\u307e\u3059\u3002\u305d\u308c\u4ee5\u5916\u306b\u3082\u300c\u682a\u4e3b\u8cc7\u672c\u5909\u52d5\u8a08\u7b97\u66f8\u300d\u300c\u500b\u5225\u6ce8\u8a18\u8868\u300d\u306a\u3069\u3082\u3042\u308a\u307e\u3059\u304c\u3001\u307e\u305a\u306f\u8ca1\u52d9\u4e09\u8868\u3092\u62bc\u3055\u3048\u3066\u304a\u3051\u3070\u5927\u4e08\u592b\u3067\u3059\u3002<br \/>\n<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3 class=\"midashi3\"><span id=\"i-3\"><span style=\"font-size: 14pt;\"><b>\u8cb8\u501f\u5bfe\u7167\u8868<\/b><\/span><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">\u4f01\u696d\u306e\u8ca1\u653f\u72b6\u614b\u3092\u4e00\u89a7\u306b\u3057\u305f\u3082\u306e\u3067\u3059\u3002<strong><span style=\"color: #3366ff;\">\u30d0\u30e9\u30f3\u30b9\u30b7\u30fc\u30c8<\/span><\/strong>\u3068\u3082\u547c\u3070\u308c\u3001\u300c<span style=\"color: #3366ff;\"><strong>B\/S<\/strong><\/span>(<strong>B<\/strong>alance <strong>S<\/strong>heet)\u300d\u3068\u8868\u8a18\u3055\u308c\u308b\u3053\u3068\u3082\u3042\u308a\u307e\u3059\u3002<\/span><\/p>\n<p><strong><img loading=\"lazy\" class=\"aligncenter wp-image-1861 size-large\" src=\"https:\/\/www.n-academy.jp\/pre\/wp-content\/uploads\/2023\/05\/BS-1024x524.jpg\" alt=\"\u8cb8\u501f\u5bfe\u7167\u8868\" width=\"730\" height=\"374\" \/><\/strong>\u4f8b\u3092\u898b\u308b\u3068\u5de6\u53f3\u306e\u5408\u8a08\u306f\u540c\u3058\u6570\u5b57\u306b\u306a\u3063\u3066\u3044\u307e\u3059\u3002\u5de6\u53f3\u30d0\u30e9\u30f3\u30b9\u304c\u53d6\u308c\u3066\u3044\u308b\u306e\u3067\u300c\u30d0\u30e9\u30f3\u30b9\u30b7\u30fc\u30c8\u300d\u3068\u547c\u3070\u308c\u3066\u3044\u308b\u306e\u3067\u3059\u3002<\/p>\n<p><strong><span style=\"padding: 1rem 2rem; border: 3px solid #000066;\"><span style=\"color: #3366ff;\">\u8cc7\u7523<\/span>\uff1d<span style=\"color: #3366ff;\">\u8ca0\u50b5<\/span>\uff0b<span style=\"color: #3366ff;\">\u7d14\u8cc7\u7523<\/span><\/span><\/strong><\/p>\n<p>&nbsp;<\/p>\n<h3 class=\"midashi3\"><span id=\"i-4\"><span style=\"font-size: 14pt;\"><b>\u640d\u76ca\u8a08\u7b97\u66f8<\/b><\/span><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">\u4f01\u696d\u306e1\u5e74\u9593\u306e\u5229\u76ca\u3092\u8868\u3057\u307e\u3059\u30021\u5e74\u9593\u306e\u53ce\u76ca\u3068\u8cbb\u7528\u3092\u8a18\u8f09\u3057\u3066\u5229\u76ca\u3092\u7b97\u51fa\u3057\u307e\u3059\u3002\u300c<strong><span style=\"color: #3366ff;\">P\/L<\/span><\/strong>(<strong>P<\/strong>rofit and <strong>L<\/strong>oss Statement\uff09\u300d\u3068\u8868\u8a18\u3055\u308c\u307e\u3059\u3002<\/span><\/p>\n<p><img loading=\"lazy\" class=\"aligncenter wp-image-1868 size-large\" src=\"https:\/\/www.n-academy.jp\/pre\/wp-content\/uploads\/2023\/05\/PL_-1024x524.jpg\" alt=\"\" width=\"730\" height=\"374\" \/><\/p>\n<p>\u640d\u76ca\u8a08\u7b97\u66f8\u306b\u306f\u30015\u3064\u306e\u5229\u76ca\u304c\u6bb5\u968e\u3092\u8ffd\u3063\u3066\u8a08\u7b97\u3055\u308c\u3001\u8868\u793a\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n<ol class=\"bango\">\n<li><strong>\u58f2\u4e0a\u7dcf\u5229\u76ca<\/strong><\/li>\n<li><strong>\u55b6\u696d\u5229\u76ca<\/strong><\/li>\n<li><strong>\u7d4c\u5e38\u5229\u76ca<\/strong><\/li>\n<li><strong>\u7a0e\u5f15\u524d\u5f53\u671f\u7d14\u5229\u76ca<\/strong><\/li>\n<li><strong>\u5f53\u671f\u7d14\u5229\u76ca<\/strong><\/li>\n<\/ol>\n<p>&nbsp;<\/p>\n<p>\u300c<span style=\"color: #3366ff;\"><strong>\u672c\u696d\u306e\u5229\u76ca<\/strong><\/span>\u300d\u3068\u306f<strong>\u672c\u6765\u306e\u4e8b\u696d\u3067\u7a3c\u3044\u3060\u5229\u76ca<\/strong>\u3067\u3059\u3002\u501f\u5165\u91d1\u306e\u5229\u606f\u306a\u3069\u306f\u3001\u672c\u696d\u4ee5\u5916\u306e\u8cbb\u7528\u306b\u3042\u305f\u308a\u307e\u3059\u3002<br \/>\n\u672c\u696d\u4ee5\u5916\u3067\u3042\u3063\u3066\u3082\u3001\u901a\u5e38\u306b\u304b\u304b\u308b\u8cbb\u7528\u3092\u5dee\u3057\u5f15\u304f\u3053\u3068\u3067\u4f01\u696d\u306e\u59ff\u304c\u308f\u304b\u308b\u305f\u3081\u3001\u300c<strong>\u901a\u5e38\u304b\u304b\u308b\u8cbb\u7528\u3092\u5dee\u3057\u5f15\u3044\u305f\u5229\u76ca<\/strong>\u300d\u3068\u3044\u3046\u610f\u5473\u3067\u3001\u300c<span style=\"color: #3366ff;\"><strong>\u7d4c\u5e38\u5229\u76ca<\/strong><\/span>\u300d\u3068\u547c\u3073\u307e\u3059\u3002<\/p>\n<p>\u307e\u305f\u3001\u672c\u793e\u3092\u58f2\u5374\u3057\u305f\u5834\u5408\u3084\u3001\u9577\u671f\u9593\u4fdd\u6709\u306e\u682a\u5f0f\u30fb\u8a3c\u5238\u3092\u58f2\u5374\u3057\u305f\u5834\u5408\u306e<span style=\"color: #000000;\">\u640d\u76ca<\/span>\u306a\u3069\u306f\u3001<strong>\u901a\u5e38\u3067\u306f\u306a\u3044\u640d\u76ca<\/strong>\u306b\u306a\u308a\u300c<span style=\"color: #3366ff;\"><strong>\u7279\u5225\u5229\u76ca<\/strong><\/span>\u300d\u3084\u300c<span style=\"color: #3366ff;\"><strong>\u7279\u5225\u640d\u5931<\/strong><\/span>\u300d\u306b\u306a\u308a\u307e\u3059\u3002\u3053\u306e\u7279\u5225\u306e\u5834\u5408\u3092\u52a0\u6e1b\u3057\u3066\u3001\u3055\u3089\u306b\u3001\u7d0d\u7a0e\u3057\u305f\u5f8c\u3001<strong>\u4f01\u696d\u306b\u6b8b\u308b\u6700\u7d42\u7684\u306a\u5229\u76ca<\/strong>\u3092\u300c<strong><span style=\"color: #3366ff;\">\u5f53\u671f\u5229\u76ca<\/span>(<span style=\"color: #3366ff;\">\u5f53\u671f\u7d14\u5229\u76ca<\/span>)<\/strong>\u300d\u3068\u3044\u3044\u307e\u3059\u3002<span style=\"color: #3366ff;\"><strong>\u7d14\u5229\u76ca<\/strong><\/span>\u3068\u3044\u3046\u5834\u5408\u306f\u3001\u5dee\u3057\u5f15\u304d\u306e\u610f\u5473\u5408\u3044\u304c\u5f37\u304f\u306a\u308a\u3001<strong>\u6700\u7d42\u7684\u306a\u5229\u76ca\u306e\u5834\u5408<\/strong>\u306b\u3001<span style=\"color: #3366ff;\"><strong>\u7d14\u5229\u76ca<\/strong><\/span>\u3092\u4f7f\u3046\u3053\u3068\u304c\u7fd2\u6163\u306b\u306a\u3063\u3066\u307e\u3059\u3002<\/p>\n<p><span style=\"font-weight: 400;\">\u00a0\ud83d\udca1 <strong>\u300c\u8cb8\u501f\u5bfe\u7167\u8868\u300d\u3068\u300c\u640d\u76ca\u8a08\u7b97\u66f8\u300d\u306f\u4f1a\u793e\u56db\u5b63\u5831\u306b\u7c21\u6f54\u306b\u63b2\u8f09\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/strong><\/span><\/p>\n<p>&nbsp;<\/p>\n<h3 class=\"midashi3\"><span id=\"i-5\"><span style=\"font-size: 14pt;\"><b>\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u8a08\u7b97\u66f8<\/b><\/span><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">\u6587\u5b57\u901a\u308a\u304a\u91d1\uff08<strong>\u30ad\u30e3\u30c3\u30b7\u30e5<\/strong>\uff09\u306e\u6d41\u308c\uff08<strong>\u30d5\u30ed\u30fc<\/strong>\uff09\u306e\u3053\u3068\u3067\u3059\u3002\u4f8b\u3048\u3070\u30011\u5e74\u9593\u306a\u3069\u4f1a\u8a08\u671f\u9593\u306b\u533a\u5207\u3063\u3066\u30ad\u30e3\u30c3\u30b7\u30e5\u306e\u52d5\u304d\u3092\u793a\u3057\u307e\u3059\u3002\u300c<span style=\"color: #3366ff;\"><strong>C\/F<\/strong><span style=\"color: #000000;\">\uff08<\/span><\/span><\/span><span style=\"font-weight: 400;\"><span style=\"color: #000000;\"><strong>C<\/strong>as<\/span>h <strong>F<\/strong>low Statemen\uff09\u300d<\/span><span style=\"font-weight: 400;\">\u3068\u8868\u8a18\u3055\u308c\u307e\u3059\u3002<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">\u4f01\u696d\u306b\u304a\u91d1\u304c\u5165\u3063\u3066\u304f\u308b\u3053\u3068\u3092<strong>\u30ad\u30e3\u30c3\u30b7\u30e5\u30a4\u30f3<\/strong>\u3001\u304a\u91d1\u304c\u51fa\u3066\u3044\u304f\u3053\u3068\u3092<strong>\u30ad\u30e3\u30c3\u30b7\u30e5\u30a2\u30a6\u30c8<\/strong>\u3068\u3044\u3046\u305f\u3081\u3001\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306f\u6b21\u306e\u3088\u3046\u306a\u8a08\u7b97\u5f0f\u306b\u306a\u308a\u307e\u3059\u3002<\/span><\/p>\n<div style=\"padding: 1rem 2rem; border: 3px solid #000066;\"><strong><span style=\"color: #3366ff;\">\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc<\/span> = \u30ad\u30e3\u30c3\u30b7\u30e5<span style=\"color: #ff0000;\">\u30a4\u30f3<\/span>(\u5165\u3063\u3066\u304d\u305f\u73fe\u91d1) \u2013 \u30ad\u30e3\u30c3\u30b7\u30e5<span style=\"color: #999999;\">\u30a2\u30a6\u30c8<\/span>(\u51fa\u3066\u3044\u3063\u305f\u73fe\u91d1)<\/strong><\/div>\n<p>\u8cc7\u91d1\u4e0d\u8db3\u306b\u306a\u3089\u306a\u3044\u304b\u3092\u628a\u63e1\u3067\u304d\u308b\u305f\u3081\u3001\u8cc7\u91d1\u7e70\u308a\u306b\u5fc5\u8981\u306a\u8a08\u7b97\u66f8\u3067\u3059\u3002<\/p>\n<h2 class=\"midashi2\"><span id=\"i-6\">\u6c7a\u7b97\u66f8\u3067\u6ce8\u76ee\u3059\u3079\u304d\uff13\u3064\u306e\u30dd\u30a4\u30f3\u30c8<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">\u6c7a\u7b97\u66f8\u306b\u306f\u305f\u304f\u3055\u3093\u306e\u60c5\u5831\u304c\u8a18\u8f09\u3055\u308c\u3066\u3044\u307e\u3059\u304c\u3001\u682a\u5f0f\u6295\u8cc7\u3067\u306f\uff13\u3064\u306e\u30dd\u30a4\u30f3\u30c8\u306b\u6ce8\u76ee\u3059\u308b\u3068\u3088\u3044\u3067\u3057\u3087\u3046\u3002<\/span><\/p>\n<table style=\"width: 100%; border-collapse: collapse; background-color: #76bcf5; border-color: #000000;\">\n<tbody>\n<tr>\n<td style=\"width: 11.0182%; text-align: center;\"><strong>\u53ce\u76ca\u6027<\/strong><\/td>\n<td style=\"width: 88.9818%; background-color: #fafafa;\"><span style=\"font-weight: 400;\">\u3000\u4f01\u696d\u306e\u7a3c\u3050\u529b\u3002\u4ed6\u793e\u306b\u6bd4\u3079\u3066\u3001\u53ce\u76ca\u529b\u304c\u9ad8\u3051\u308c\u3070\u9b45\u529b\u7684\u306a\u4f1a\u793e\u3068\u8a00\u3048\u308b\u3002<\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"width: 11.0182%; text-align: center;\"><strong>\u5b89\u5168\u6027<\/strong><\/td>\n<td style=\"width: 88.9818%; background-color: #fafafa;\"><span style=\"font-weight: 400;\">\u3000\u4e3b\u306b\u8ca1\u52d9\u306e\u5b89\u5168\u5ea6\u5408\u3044\u3002\u8cc7\u91d1\u5207\u308c\u3067\u3001\u6700\u60aa\u306e\u5834\u5408\u3001\u5012\u7523\u3057\u306a\u3044\u304b\u3068\u3044\u3046\u8996\u70b9\u3002<\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"width: 11.0182%; text-align: center;\"><strong>\u6210\u9577\u6027<\/strong><\/td>\n<td style=\"width: 88.9818%; background-color: #fafafa;\"><span style=\"font-weight: 400;\">\u3000\u5c06\u6765\u306b\u308f\u305f\u3063\u3066\u6210\u9577\u3092\u7d9a\u3051\u3066\u3044\u304f\u53ef\u80fd\u6027\u304c\u9ad8\u3044\u304b\u3001\u3068\u3044\u3046\u8996\u70b9\u3002<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<h2 class=\"midashi2\"><span id=\"i-7\">\u682a\u5f0f\u6295\u8cc7\u306b\u5fc5\u8981\u306a\uff14\u3064\u306e\u6307\u6a19<\/span><\/h2>\n<p>\u5177\u4f53\u7684\u306b<strong>\u300c\u53ce\u76ca\u6027\u300d\u300c\u5b89\u5168\u6027\u300d\u300c\u6210\u9577\u6027\u300d\u3092\u8abf\u3079\u308b\u306b\u306f\u3069\u3046\u3059\u308c\u3070\u3088\u3044\u3067\u3057\u3087\u3046\u304b<\/strong>\uff1f\u682a\u5f0f\u6295\u8cc7\u521d\u5fc3\u8005\u306e\u65b9\u304c\u304a\u3055\u3048\u3066\u304a\u304f\u3079\u304d\uff14\u3064\u306e\u6307\u6a19\u3092\u89e3\u8aac\u3057\u307e\u3059\u3002<\/p>\n<h3 class=\"midashi3\"><span id=\"EPS1\">EPS\uff1a1\u682a\u5f53\u305f\u308a\u7d14\u5229\u76ca<\/span><\/h3>\n<p><span style=\"font-weight: 400;\"><strong>1\u682a\u5f53\u305f\u308a\u7d14\u5229\u76ca<\/strong>\uff08<strong><span style=\"color: #3366ff;\">EPS<\/span><\/strong>\uff1a<strong>E<\/strong>arnings <strong>P<\/strong>er <strong>S<\/strong>hare\uff09\u306f\u3001<span style=\"background-color: #ffcc99;\"><strong>\u4f01\u696d\u306e\u6210\u9577\u6027\u5206\u6790\u306e\u6307\u6a19\u306e\u3072\u3068\u3064<\/strong><\/span>\u3067\u3059\u30021\u682a\u306b\u5bfe\u3057\u3066\u6700\u7d42\u7684\u306a\u5f53\u671f\u5229\u76ca\uff08\u5f53\u671f\u7d14\u5229\u76ca\uff09\u304c\u3069\u308c\u304f\u3089\u3044\u3042\u308b\u304b\u3092\u8868\u3057\u307e\u3059\u3002<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><strong>\uff11\u682a\u5f53\u305f\u308a\u7d14\u8cc7\u7523\u6570\u5024\u304c\u5927\u304d\u3051\u308c\u3070\u3001\u4f01\u696d\u306e\u53ce\u76ca\u6027\u304c\u9ad8\u304f\u3001\u5c0f\u3055\u3051\u308c\u3070\u53ce\u76ca\u6027\u304c\u4f4e\u3044\u3053\u3068\u3092\u793a\u3057\u307e\u3059<\/strong>\u3002<\/span><\/p>\n<p><span style=\"font-weight: 400;\">EPS\u306e\u63a8\u79fb\u3092\u898b\u308b\u3053\u3068\u3067\u3001\u4f01\u696d\u306e\u53ce\u76ca\u304c\u597d\u8abf\u3067\u3042\u3063\u305f\u304b\u304c\u308f\u304b\u308a\u3001\u4eca\u5f8c\u306e\u4f01\u696d\u306e\u6210\u9577\u898b\u8fbc\u307f\u3092\u5224\u65ad\u3059\u308b\u6750\u6599\u306b\u306a\u308a\u307e\u3059\u3002<\/span><\/p>\n<div style=\"padding: 1rem 2rem; border: 3px solid #000066;\"><strong><span style=\"color: #3366ff;\">EPS<\/span> = \u5f53\u671f\u7d14\u5229\u76ca \u00f7 \u767a\u884c\u6e08\u682a\u5f0f\u6570<\/strong><\/div>\n<h3><\/h3>\n<h3 class=\"midashi3\"><span id=\"PER\">PER\uff1a\u682a\u4fa1\u53ce\u76ca\u7387<\/span><\/h3>\n<p><span style=\"font-weight: 400;\"><strong>\u682a\u4fa1\u53ce\u76ca\u7387<\/strong>\uff08<span style=\"color: #3366ff;\"><strong>PER<\/strong><\/span>\uff1a<strong>P<\/strong>rice <strong>E<\/strong>arnings <strong>R<\/strong>atio\uff09\u306f\u3001\u304a\u3082\u306b<span style=\"background-color: #ffcc99;\"><strong>\u682a\u4fa1\u304c\u76f8\u5bfe\u7684\u306b\u5272\u5b89\u304b\u5272\u9ad8\u304b\u3092\u5224\u65ad\u3059\u308b\u682a\u4fa1\u6307\u6a19\u306e\u3072\u3068\u3064<\/strong><\/span>\u3067\u3059\u30021\u682a\u5f53\u305f\u308a\u7d14\u5229\u76ca\uff08EPS\uff09\u306b\u5bfe\u3057\u3066\u3001\u4eca\u306e\u682a\u4fa1\u304c\u4f55\u500d\u304b\u3067\u6e2c\u3089\u308c\u3001\u500d\u7387\u304c\u4f4e\u3044\u307b\u3069\u682a\u4fa1\u304c\u5272\u5b89\u3067\u3001\u9ad8\u3044\u307b\u3069\u5272\u9ad8\u3068\u3044\u3046\u76ee\u5b89\u306b\u306a\u308a\u307e\u3059\u3002<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u4e00\u822c\u7684\u306b\u306f\u3001PER\u306e\u76ee\u5b89\u306f\u3001\u5e73\u574715\u500d\u3068\u3044\u308f\u308c\u3066\u3044\u307e\u3059\u304c\u3001\u696d\u754c\u30fb\u696d\u7a2e\u306b\u3088\u3063\u3066\u3001\u57fa\u6e96\u306e\u6570\u5024\u306f\u7570\u306a\u308a\u307e\u3059\u3002\u904e\u53bb\u306e\u5b9f\u7e3e\u5024\u306e\u5e73\u5747\u3092\u6bd4\u8f03\u3057\u3001\u63a8\u79fb\u3092\u898b\u308b\u306e\u304c\u6709\u7528\u3067\u3059\u3002<\/span><\/p>\n<div style=\"padding: 1rem 2rem; border: 3px solid #000066;\"><strong><span style=\"color: #3366ff;\">PER<\/span> \uff1d \u682a\u4fa1 \u00f7 1 \u682a\u5f53\u305f\u308a\u7d14\u5229\u76ca\uff08EPS\uff09<\/strong><\/div>\n<p>&nbsp;<\/p>\n<h3 class=\"midashi3\"><span id=\"PBR\">PBR\uff1a\u682a\u4fa1\u7d14\u8cc7\u7523\u500d\u7387<\/span><\/h3>\n<p><span style=\"font-weight: 400;\"><strong>\u682a\u4fa1\u7d14\u8cc7\u7523\u500d\u7387<\/strong>\uff08<strong><span style=\"color: #3366ff;\">PBR<\/span><\/strong>\uff1a<strong>P<\/strong>rice <strong>B<\/strong>ook-value <strong>R<\/strong>atio\uff09\u306f<span style=\"background-color: #ffcc99;\"><strong>\u7c3f\u4fa1\u3092\u57fa\u6e96\u306b\u682a\u4fa1\u304c\u5272\u5b89\u304b\u3069\u3046\u304b\u3092\u5224\u65ad\u3059\u308b\u682a\u4fa1\u6307\u6a19<\/strong><\/span>\u3067\u3059\u3002<\/span><span style=\"font-weight: 400;\">\u7c3f\u4fa1(\u4f1a\u8a08\u66f8\u985e\u306b\u8a18\u8f09\u3055\u308c\u3066\u3044\u308b\u8cc7\u7523\u3084\u8ca0\u50b5\u306e\u4fa1\u683c)\u306b\u5bfe\u3057\u3066\u682a\u4fa1\u304c\u4f55\u500d\u304b\u3067\u6e2c\u3089\u308c\u3001\u500d\u7387\u304c\u4f4e\u3044\u307b\u3069\u5272\u5b89\u3067\u3001\u9ad8\u3044\u307b\u3069\u5272\u9ad8\u3068\u3055\u308c\u307e\u3059\u3002<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u4e00\u822c\u7684\u306b\u306f\u3001\u7c3f\u4fa1\u306e\u6c34\u6e96\u3067\u3042\u308b1\u500d\u3092\u4e0b\u56de\u308b\u3068\u5272\u5b89\u3068\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/span><\/p>\n<div style=\"padding: 1rem 2rem; border: 3px solid #000066;\"><strong><span style=\"color: #3366ff;\">PBR<\/span> \uff1d \u682a\u4fa1 \u00f7 1\u682a\u5f53\u305f\u308a\u7d14\u8cc7\u7523\uff08BPS\uff09<\/strong><\/div>\n<p>&nbsp;<\/p>\n<h3 class=\"midashi3\"><span id=\"BPS\">BPS\uff1a\uff11\u682a\u5f53\u305f\u308a\u7d14\u8cc7\u7523<\/span><\/h3>\n<p><span style=\"font-weight: 400;\"><strong>\uff11\u682a\u5f53\u305f\u308a\u7d14\u8cc7\u7523<\/strong>\uff08<strong><span style=\"color: #3366ff;\">BPS<\/span><\/strong>\uff1a<strong>B<\/strong>ook-value <strong>P<\/strong>er <strong>S<\/strong>hare\uff09\u306f\u4f1a\u793e\u306e\u7d14\u8cc7\u7523\u3092\u3001\u767a\u884c\u6e08\u682a\u5f0f\u6570\u3067\u5272\u3063\u305f\u6570\u5b57\u3067\u3059\u3002<span style=\"background-color: #ffcc99;\"><strong>BPS\u304c\u9ad8\u3044\u307b\u3069\u3001\u4f01\u696d\u306e\u5b89\u5b9a\u6027\u304c\u9ad8\u3044<\/strong><\/span>\u3068\u3055\u308c\u307e\u3059\u3002\u4f1a\u793e\u56db\u5b63\u5831\u3067\u306f\u3001\u904e\u53bb\uff12\u5e74\u5206\u304c\u8a18\u8f09\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/span><\/p>\n<div style=\"padding: 1rem 2rem; border: 3px solid #000066;\"><span style=\"color: #3366ff;\">BPS<\/span>\uff1d\u7d14\u8cc7\u7523\u00f7\u767a\u884c\u6e08\u682a\u5f0f\u6570<\/div>\n<p>&nbsp;<\/p>\n<div dir=\"auto\">\u00a0\ud83d\udca1 \u3053\u308c\u3089\u306e\u8a08\u7b97\u306b\u306f\u3001<wbr \/><strong><span style=\"color: #3366ff;\">\u640d\u76ca\u8a08\u7b97\u66f8<\/span>\u3084<span style=\"color: #3366ff;\">\u8cb8\u501f\u5bfe\u7167\u8868<\/span>\u306e\u6c7a\u7b97\u66f8\u306e\u6570\u5f0f\u3092\u4f7f\u3044\u307e\u3059<\/strong>\u3002<wbr \/>\u4f1a\u793e\u56db\u5b63\u5831\u306b\u306f\u3001\u8a08\u7b97\u6e08\u307f\u306e\u6570\u5b57\u304c\u63b2\u8f09\u3055\u308c\u3066\u3044\u307e\u3059\u304c\u3001<wbr \/><strong>\u6c7a\u7b97\u66f8\u306e\u610f\u5473\u3092\u77e5\u3063\u3066\u304a\u304f\u3068\u3001\u3088\u308a\u4f01\u696d\u9078\u3073\u306e\u53c2\u8003\u306b\u306a\u308a\u307e\u3059<\/strong>\u3002<strong><span style=\"background-color: #ffcc99;\">PER\u3084PBR\u3092\u30e9\u30a4\u30d0\u30eb\u4f01\u696d\u3068\u6bd4\u8f03\u3057\u305f\u308a\u3001\u904e\u53bb\u6570\u5e74\u9593\u306e\u5909\u5316\u3092\u898b\u308b\u3053\u3068\u3067\u3001\u682a\u4fa1\u304c\u5272\u5b89\u306a\u6bb5\u968e\u3067\u5c06\u6765\u306e\u512a\u826f\u4f01\u696d\u3092\u5148\u53d6\u308a<\/span>\u3067\u304d\u307e\u3059<\/strong>\u3002<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\"><\/div>\n<h2 class=\"midashi2\"><span id=\"i-8\">\uff15\uff0e\u307e\u3068\u3081<\/span><\/h2>\n<div dir=\"ltr\">\u6c7a\u7b97\u66f8\u3092\u4f7f\u3063\u3066\u512a\u826f\u4f01\u696d\u3084\u6295\u8cc7\u9298\u67c4\u3092\u898b\u5206\u3051\u308b\u65b9\u6cd5\u306f\u3001<wbr \/>\u7121\u7406\u306e\u306a\u3044\u4e2d\u9577\u671f\u7684\u306a\u6295\u8cc7\u624b\u6cd5\u3068\u3057\u3066\u521d\u5fc3\u8005\u306b\u6839\u5f37\u3044\u4eba\u6c17\u304c\u3042\u308a\u307e\u3059\u3002<\/div>\n<div dir=\"ltr\">\u6295\u8cc7\u306e\u795e\u69d8\u3068\u8a00\u308f\u308c\u308b<strong>\u30a6\u30a9\u30fc\u30ec\u30f3\u30fb<wbr \/>\u30d0\u30d5\u30a7\u30c3\u30c8\u3055\u3093\u304c\u99c6\u4f7f\u3059\u308b\u65b9\u6cd5\u306e\uff11\u3064\u3068\u3057\u3066\u3082\u6709\u540d<\/strong>\u3067\u3059\u3002<wbr \/>\u305c\u3072\u3054\u53c2\u8003\u306b\u306a\u3055\u3063\u3066\u304f\u3060\u3055\u3044\u3002<\/div>\n<p>&nbsp;<\/p>\n<p><span style=\"color: #ff0000; font-size: 18pt;\"><strong>\u3082\u3063\u3068\u5b66\u3073\u305f\u3044\u65b9\u3078<\/strong><\/span><\/p>\n<p>\u300c\u6708\u984d \u521d\u6b69\u304b\u3089\u308f\u304b\u308b\uff01\u682a\u5f0f\u6295\u8cc7\u5165\u9580\u8b1b\u5ea7\u300d\u3067\u306f\u3001\u682a\u5f0f\u6295\u8cc7\u306e\u57fa\u790e\u304c\u5b66\u3079\u308b\u52d5\u753b\u8b1b\u5ea7\u306b\u52a0\u3048\u3001\u6bce\u6708\u65ec\u306a\u60c5\u5831\u3092\u304a\u5c4a\u3051\u3059\u308b\u30bb\u30df\u30ca\u30fc\u52d5\u753b\u3082\u516c\u958b\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p><a href=\"https:\/\/www.n-academy.jp\/SHOP\/order_2860.html\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" class=\"alignnone size-medium wp-image-1507\" src=\"https:\/\/www.n-academy.jp\/pre\/wp-content\/uploads\/2022\/09\/kabu_course-card_660-316-300x143.png\" alt=\"\u682a\u5f0f\u6295\u8cc7\u5165\u9580\u8b1b\u5ea7\" width=\"300\" height=\"143\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u76ee\u6b211 \u6c7a\u7b97\u66f8\u3068\u306f\uff1f\u6c7a\u7b97\u66f8\u304b\u3089\u308f\u304b\u308b\u3053\u30682 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[&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":1854,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_mi_skip_tracking":false},"categories":[83],"tags":[108,115],"aioseo_notices":[],"wps_subtitle":"","_links":{"self":[{"href":"https:\/\/www.n-academy.jp\/pre\/wp-json\/wp\/v2\/posts\/1850"}],"collection":[{"href":"https:\/\/www.n-academy.jp\/pre\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.n-academy.jp\/pre\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.n-academy.jp\/pre\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.n-academy.jp\/pre\/wp-json\/wp\/v2\/comments?post=1850"}],"version-history":[{"count":24,"href":"https:\/\/www.n-academy.jp\/pre\/wp-json\/wp\/v2\/posts\/1850\/revisions"}],"predecessor-version":[{"id":1886,"href":"https:\/\/www.n-academy.jp\/pre\/wp-json\/wp\/v2\/posts\/1850\/revisions\/1886"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.n-academy.jp\/pre\/wp-json\/wp\/v2\/media\/1854"}],"wp:attachment":[{"href":"https:\/\/www.n-academy.jp\/pre\/wp-json\/wp\/v2\/media?parent=1850"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.n-academy.jp\/pre\/wp-json\/wp\/v2\/categories?post=1850"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.n-academy.jp\/pre\/wp-json\/wp\/v2\/tags?post=1850"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}