{"id":10040,"date":"2026-09-19T23:16:00","date_gmt":"2026-09-19T14:16:00","guid":{"rendered":"https:\/\/triumphmind.com\/cma\/2026\/09\/19\/g1-cf-25\/"},"modified":"2026-09-20T00:19:52","modified_gmt":"2026-09-19T15:19:52","slug":"g1-cf-25","status":"publish","type":"post","link":"https:\/\/triumphmind.com\/cma\/2026\/09\/19\/g1-cf-25\/","title":{"rendered":"NPV\u30fbIRR\u3068\u306f\uff1f\u610f\u5473\u3068\u8a66\u9a13\u3067\u554f\u308f\u308c\u308b\u30dd\u30a4\u30f3\u30c8\uff5c\u8a3c\u5238\u30a2\u30ca\u30ea\u30b9\u30c81\u6b21\u30fb\u30b3\u30fc\u30dd\u30ec\u30fc\u30c8\u30fb\u30d5\u30a1\u30a4\u30ca\u30f3\u30b9"},"content":{"rendered":"<style>.cma-tbl{margin:1.2em 0 1.6em;overflow-x:auto;-webkit-overflow-scrolling:touch;border-radius:8px;box-shadow:0 1px 4px rgba(34,0,94,.12);}.cma-tbl table{width:100%;border-collapse:collapse!important;margin:0!important;font-size:15px;line-height:1.6;background:#fff;border:none!important;}.cma-tbl th,.cma-tbl td{padding:10px 12px!important;border:1px solid #e3def0!important;vertical-align:middle;word-break:break-word;}.cma-tbl thead th{background:#22005e!important;color:#fff!important;font-weight:700;text-align:center;white-space:nowrap;}.cma-tbl tbody tr:nth-child(even) td{background:#f7f5fc;}.cma-tbl tbody th{background:#f3eee0!important;color:#22005e!important;font-weight:700;text-align:left;width:28%;border-left:4px solid #b08833!important;}.cma-tbl.kv tbody tr:nth-child(even) td{background:#fff;}.cma-tbl td.num{text-align:right;white-space:nowrap;font-weight:700;color:#22005e;}.cma-tbl td.q{text-align:center;white-space:nowrap;font-weight:700;color:#b08833;}.cma-tbl tr.total td{background:#f3eee0!important;font-weight:700;}@media (max-width:640px){.cma-tbl table{font-size:13px;}.cma-tbl th,.cma-tbl td{padding:8px 7px!important;}.cma-tbl thead th{white-space:normal;}.cma-tbl tbody th{width:32%;}.cma-tbl.kv tbody th,.cma-tbl.kv tbody td{display:block;width:100%;box-sizing:border-box;}.cma-tbl.kv tbody th{border-left:4px solid 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1.4em;text-align:center;font-weight:700;color:#22005e;font-size:1.1em;line-height:1.8;overflow-x:auto;}.cma-formula small{display:block;font-weight:400;font-size:.8em;color:#555;}.cma-exam{border:2px solid #b08833;border-radius:10px;background:#fffaf0;padding:14px 16px 6px;margin:1.2em 0;}.cma-exam .cma-exam-title{font-weight:700;color:#8a6a25;margin:0 0 8px!important;}.cma-exam ul{margin:0 0 8px;padding-left:1.2em;}.cma-exam li{margin-bottom:6px;}.cma-formula{word-break:keep-all;overflow-wrap:normal;}.cma-formula small{word-break:normal;}@media (max-width:640px){.cma-formula{font-size:.95em;padding:12px 10px;}}<\/style>\n<div class=\"cma-answer\">\n<p class=\"cma-answer-title\">\u3072\u3068\u3053\u3068\u3067\u8a00\u3046\u3068<\/p>\n<ul>\n<li>\u6295\u8cc7\u306e\u5224\u65ad\u65b9\u6cd5\u306b\u306f\u3001<strong>NPV\uff08\u6b63\u5473\u73fe\u5728\u4fa1\u5024\uff09\u6cd5\u30fbIRR\uff08\u5185\u90e8\u53ce\u76ca\u7387\uff09\u6cd5\u30fb\u53ce\u76ca\u6027\u6307\u6a19\u30fb\u56de\u53ce\u671f\u9593\u6cd5\u30fb\u4f1a\u8a08\u4e0a\u306e\u53ce\u76ca\u7387<\/strong>\u304c\u3042\u308a\u307e\u3059\u3002<\/li>\n<li>\u7406\u8ad6\u7684\u306b\u6700\u3082\u512a\u308c\u3066\u3044\u308b\u306e\u306f<strong>NPV\u6cd5<\/strong>\u3067\u3001<strong>NPV\uff1e0\u306a\u3089\u5b9f\u884c<\/strong>\u3001\u8907\u6570\u6848\u304b\u3089\u9078\u3076\u3068\u304d\u306fNPV\u306e\u5927\u304d\u3044\u6848\u3092\u9078\u3076\u306e\u304c\u57fa\u672c\u3067\u3059\u3002<\/li>\n<li>IRR\u6cd5\u306f<strong>IRR\uff1e\u8cc7\u672c\u30b3\u30b9\u30c8<\/strong>\u306a\u3089\u5b9f\u884c\u3067\u3059\u304c\u3001\u76f8\u4e92\u6392\u4ed6\u7684\u306a\u6848\u306e\u6bd4\u8f03\u306a\u3069\u3067NPV\u3068\u7d50\u8ad6\u304c\u98df\u3044\u9055\u3046\u3053\u3068\u304c\u3042\u308b\u70b9\u306b\u6ce8\u610f\u304c\u5fc5\u8981\u3067\u3059\u3002<\/li>\n<\/ul>\n<\/div>\n<p>\u3053\u306e\u8a18\u4e8b\u3067\u306f\u3001\u8a3c\u5238\u30a2\u30ca\u30ea\u30b9\u30c81\u6b21\u300c\u30b3\u30fc\u30dd\u30ec\u30fc\u30c8\u30fb\u30d5\u30a1\u30a4\u30ca\u30f3\u30b9\u300d\u306e\u5b66\u7fd2\u30dd\u30a4\u30f3\u30c8\u306e\u3072\u3068\u3064\u300cNPV\u30fbIRR\u306a\u3069\u306e\u5224\u65ad\u65b9\u6cd5\u300d\u306b\u3064\u3044\u3066\u3001\u610f\u5473\u3068\u8a66\u9a13\u3067\u554f\u308f\u308c\u3084\u3059\u3044\u30dd\u30a4\u30f3\u30c8\u3092\u89e3\u8aac\u3057\u307e\u3059\u3002<\/p>\n<div class=\"cma-tbl kv\">\n<table>\n<tbody>\n<tr>\n<th>\u5206\u91ce<\/th>\n<td>1\u6b21 \u79d1\u76ee\u2161\uff0f\u30b3\u30fc\u30dd\u30ec\u30fc\u30c8\u30fb\u30d5\u30a1\u30a4\u30ca\u30f3\u30b9<\/td>\n<\/tr>\n<tr>\n<th>\u5927\u5206\u985e<\/th>\n<td>(4) \u6295\u8cc7\u306e\u610f\u601d\u6c7a\u5b9a<\/td>\n<\/tr>\n<tr>\n<th>\u5354\u4f1a\u306e\u5b66\u7fd2\u30dd\u30a4\u30f3\u30c8<\/th>\n<td>\u6295\u8cc7\u306e\u610f\u601d\u6c7a\u5b9a\u65b9\u6cd5(NPV\u3001IRR\u3001\u53ce\u76ca\u6027\u6307\u6a19\u3001\u56de\u53ce\u671f\u9593\u6cd5\u3001\u4f1a\u8a08\u4e0a\u306e\u53ce\u76ca\u7387)\u3092\u7406\u89e3\u3059\u308b\u3002<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<h2>NPV\u30fbIRR\u306a\u3069\u306e\u5224\u65ad\u65b9\u6cd5\u3068\u306f<\/h2>\n<p>\u6295\u8cc7\u30d7\u30ed\u30b8\u30a7\u30af\u30c8\u3092\u5b9f\u884c\u3059\u308b\u304b\u3069\u3046\u304b\u3092\u5224\u65ad\u3059\u308b\u65b9\u6cd5\u306f\u8907\u6570\u3042\u308a\u3001\u305d\u308c\u305e\u308c\u8003\u3048\u65b9\u3068\u9577\u6240\u30fb\u77ed\u6240\u304c\u7570\u306a\u308a\u307e\u3059\u3002\u8a66\u9a13\u3067\u306f\u3001\u5404\u65b9\u6cd5\u306e<strong>\u8a08\u7b97<\/strong>\u3068<strong>\u5224\u65ad\u57fa\u6e96<\/strong>\u3001\u305d\u3057\u3066<strong>\u3069\u3053\u306b\u6b20\u70b9\u304c\u3042\u308b\u304b<\/strong>\u304c\u30bb\u30c3\u30c8\u3067\u554f\u308f\u308c\u307e\u3059\u3002<\/p>\n<h3>NPV\u6cd5\uff08\u6b63\u5473\u73fe\u5728\u4fa1\u5024\u6cd5\uff09<\/h3>\n<p>\u5c06\u6765\u306e\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u3092\u8cc7\u672c\u30b3\u30b9\u30c8\u3067\u5272\u308a\u5f15\u3044\u305f\u73fe\u5728\u4fa1\u5024\u306e\u5408\u8a08\u304b\u3089\u3001\u6295\u8cc7\u984d\u3092\u5dee\u3057\u5f15\u3044\u305f\u3082\u306e\u304cNPV\u3067\u3059\u3002NPV\u306f\u3001\u305d\u306e\u6295\u8cc7\u306b\u3088\u3063\u3066\u4f01\u696d\u4fa1\u5024\u304c\u3044\u304f\u3089\u5897\u3048\u308b\u304b\u3092\u76f4\u63a5\u8868\u3059\u305f\u3081\u3001\u4f01\u696d\u4fa1\u5024\u6700\u5927\u5316\u306e\u76ee\u7684\u3068\u6574\u5408\u7684\u3067\u3001\u7406\u8ad6\u7684\u306b\u6700\u3082\u512a\u308c\u305f\u65b9\u6cd5\u3068\u3055\u308c\u307e\u3059\u3002NPV\u306f\u8db3\u3057\u7b97\u304c\u3067\u304d\u308b\uff08\u4fa1\u5024\u306e\u52a0\u6cd5\u6027\uff09\u3068\u3044\u3046\u6027\u8cea\u3082\u3042\u308a\u307e\u3059\u3002<\/p>\n<h3>IRR\u6cd5\uff08\u5185\u90e8\u53ce\u76ca\u7387\u6cd5\uff09<\/h3>\n<p>IRR\u306f\u3001<strong>NPV\u3092\u3061\u3087\u3046\u3069\u30bc\u30ed\u306b\u3059\u308b\u5272\u5f15\u7387<\/strong>\u3067\u3059\u3002IRR\u304c\u8cc7\u672c\u30b3\u30b9\u30c8\u3092\u4e0a\u56de\u308c\u3070\u5b9f\u884c\u3057\u307e\u3059\u3002\u53ce\u76ca\u7387\u3067\u793a\u3055\u308c\u308b\u305f\u3081\u76f4\u611f\u7684\u306b\u308f\u304b\u308a\u3084\u3059\u3044\u4e00\u65b9\u3001\u6295\u8cc7\u898f\u6a21\u306e\u9055\u3044\u3092\u53cd\u6620\u3057\u306a\u3044\u3001\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306e\u7b26\u53f7\u304c\u9014\u4e2d\u3067\u4f55\u5ea6\u3082\u5909\u308f\u308b\u3068IRR\u304c\u8907\u6570\u5b58\u5728\u3057\u305f\u308a\u5b58\u5728\u3057\u306a\u304b\u3063\u305f\u308a\u3059\u308b\u3001\u9014\u4e2d\u306e\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u3092IRR\u3067\u518d\u6295\u8cc7\u3067\u304d\u308b\u3068\u6697\u306b\u4eee\u5b9a\u3057\u3066\u3044\u308b\u3001\u3068\u3044\u3063\u305f\u554f\u984c\u304c\u3042\u308a\u307e\u3059\u3002\u305d\u306e\u305f\u3081\u3001<strong>\u76f8\u4e92\u6392\u4ed6\u7684\u306a\u6848<\/strong>\u3092\u6bd4\u3079\u308b\u3068\u304d\u306b\u306fNPV\u3068\u7570\u306a\u308b\u7d50\u8ad6\u306b\u306a\u308b\u3053\u3068\u304c\u3042\u308a\u3001\u305d\u306e\u5834\u5408\u306fNPV\u3092\u512a\u5148\u3057\u307e\u3059\u3002<\/p>\n<h3>\u53ce\u76ca\u6027\u6307\u6a19\uff08PI\uff09<\/h3>\n<p>\u5c06\u6765\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306e\u73fe\u5728\u4fa1\u5024\u3092\u6295\u8cc7\u984d\u3067\u5272\u3063\u305f\u3082\u306e\u3067\u30011\u3092\u4e0a\u56de\u308c\u3070\u5b9f\u884c\u3057\u307e\u3059\uff08NPV\uff1e0\u3068\u540c\u3058\u5224\u65ad\uff09\u3002\u6295\u8cc71\u5186\u5f53\u305f\u308a\u306e\u4fa1\u5024\u3092\u793a\u3059\u305f\u3081\u3001<strong>\u4e88\u7b97\u306b\u5236\u7d04\u304c\u3042\u308b\u3068\u304d<\/strong>\u306b\u6848\u306e\u512a\u5148\u9806\u4f4d\u3092\u3064\u3051\u308b\u306e\u306b\u5f79\u7acb\u3061\u307e\u3059\u304c\u3001\u898f\u6a21\u306e\u9055\u3044\u306f\u53cd\u6620\u3055\u308c\u307e\u305b\u3093\u3002<\/p>\n<h3>\u56de\u53ce\u671f\u9593\u6cd5\u3068\u4f1a\u8a08\u4e0a\u306e\u53ce\u76ca\u7387<\/h3>\n<p><strong>\u56de\u53ce\u671f\u9593\u6cd5<\/strong>\u306f\u3001\u6295\u8cc7\u984d\u3092\u4f55\u5e74\u3067\u56de\u53ce\u3067\u304d\u308b\u304b\u3092\u898b\u3066\u3001\u57fa\u6e96\u3088\u308a\u77ed\u3051\u308c\u3070\u5b9f\u884c\u3057\u307e\u3059\u3002\u308f\u304b\u308a\u3084\u3059\u304f\u3001\u8cc7\u91d1\u56de\u53ce\u306e\u65e9\u3055\uff08\u6d41\u52d5\u6027\uff09\u3092\u91cd\u8996\u3059\u308b\u5834\u9762\u3067\u306f\u53c2\u8003\u306b\u306a\u308a\u307e\u3059\u304c\u3001\u8ca8\u5e63\u306e\u6642\u9593\u4fa1\u5024\u3092\u7121\u8996\u3057\uff08\u5272\u5f15\u56de\u53ce\u671f\u9593\u6cd5\u306f\u6642\u9593\u4fa1\u5024\u3092\u8003\u616e\uff09\u3001<strong>\u56de\u53ce\u5f8c\u306e\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u3082\u7121\u8996<\/strong>\u3059\u308b\u6b20\u70b9\u304c\u3042\u308a\u307e\u3059\u3002<strong>\u4f1a\u8a08\u4e0a\u306e\u53ce\u76ca\u7387\uff08ARR\uff09<\/strong>\u306f\u3001\u5e73\u5747\u4f1a\u8a08\u5229\u76ca\u3092\u6295\u8cc7\u984d\uff08\u307e\u305f\u306f\u5e73\u5747\u6295\u8cc7\u984d\uff09\u3067\u5272\u3063\u305f\u3082\u306e\u3067\u3001\u8ca1\u52d9\u8af8\u8868\u306e\u6570\u5024\u3068\u5bfe\u5fdc\u3057\u3084\u3059\u3044\u4e00\u65b9\u3001\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u3067\u306f\u306a\u304f\u4f1a\u8a08\u5229\u76ca\u306b\u57fa\u3065\u304d\u3001\u6642\u9593\u4fa1\u5024\u3082\u8003\u616e\u3057\u306a\u3044\u70b9\u304c\u554f\u984c\u3067\u3059\u3002<\/p>\n<h2>\u62bc\u3055\u3048\u3066\u304a\u304d\u305f\u3044\u516c\u5f0f<\/h2>\n<div class=\"cma-formula\">NPV \uff1d \u03a3 CF<sub>t<\/sub> \u00f7 (1 \uff0b r)<sup>t<\/sup> \u2212 I<sub>0<\/sub><small>NPV\uff1e0\u306a\u3089\u5b9f\u884c<\/small><\/div>\n<div class=\"cma-formula\">\u03a3 CF<sub>t<\/sub> \u00f7 (1 \uff0b IRR)<sup>t<\/sup> \u2212 I<sub>0<\/sub> \uff1d 0<small>\u3053\u306e\u5f0f\u3092\u6e80\u305f\u3059\u5272\u5f15\u7387\u304cIRR\u3002IRR\uff1e\u8cc7\u672c\u30b3\u30b9\u30c8\u306a\u3089\u5b9f\u884c<\/small><\/div>\n<div class=\"cma-formula\">PI \uff1d \u5c06\u6765CF\u306e\u73fe\u5728\u4fa1\u5024\u5408\u8a08 \u00f7 I<sub>0<\/sub><small>PI\uff1e1\u306a\u3089\u5b9f\u884c<\/small><\/div>\n<div class=\"cma-formula\">ARR \uff1d \u5e73\u5747\u4f1a\u8a08\u5229\u76ca \u00f7 \u5e73\u5747\u6295\u8cc7\u984d<small>\u5206\u6bcd\u306b\u521d\u671f\u6295\u8cc7\u984d\u3092\u4f7f\u3046\u5b9a\u7fa9\u3082\u3042\u308b<\/small><\/div>\n<h2>\u5177\u4f53\u4f8b\u3067\u78ba\u8a8d<\/h2>\n<p>\u6295\u8cc7\u984d1,000\u3001\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u304c1\u5e74\u5f8c300\u30012\u5e74\u5f8c400\u30013\u5e74\u5f8c500\u306e\u30d7\u30ed\u30b8\u30a7\u30af\u30c8\u3092\u3001\u8cc7\u672c\u30b3\u30b9\u30c810\uff05\u3067\u8a55\u4fa1\u3057\u307e\u3059\uff08\u7a0e\u91d1\u306f\u8003\u3048\u307e\u305b\u3093\uff09\u3002<\/p>\n<ol>\n<li>\u5404\u5e74\u306e\u73fe\u5728\u4fa1\u5024\uff1a300 \u00f7 1.1 \u2252 272.73\u3001400 \u00f7 1.1<sup>2<\/sup> \u2252 330.58\u3001500 \u00f7 1.1<sup>3<\/sup> \u2252 375.66\u3001\u5408\u8a08 \u2252 978.96<\/li>\n<li>NPV\uff1a978.96 \u2212 1,000 \u2252 <strong>\u221221.04<\/strong> \u2192 \u30de\u30a4\u30ca\u30b9\u306a\u306e\u3067\u898b\u9001\u308a<\/li>\n<li>IRR\uff1aNPV\u3092\u30bc\u30ed\u306b\u3059\u308b\u5272\u5f15\u7387\u3092\u8a66\u884c\u932f\u8aa4\u3067\u6c42\u3081\u308b\u3068 <strong>\u7d048.9\uff05<\/strong> \u2192 \u8cc7\u672c\u30b3\u30b9\u30c810\uff05\u3092\u4e0b\u56de\u308b\u306e\u3067\u898b\u9001\u308a<\/li>\n<li>PI\uff1a978.96 \u00f7 1,000 \u2252 <strong>0.98<\/strong> \u2192 1\u672a\u6e80\u306a\u306e\u3067\u898b\u9001\u308a<\/li>\n<li>\u56de\u53ce\u671f\u9593\uff1a2\u5e74\u3067300\uff0b400\uff1d700\u3092\u56de\u53ce\u3001\u6b8b\u308a300\u30923\u5e74\u76ee\u306e500\u3067\u56de\u53ce\u3059\u308b\u306e\u3067 2 \uff0b 300 \u00f7 500 \uff1d <strong>2.6\u5e74<\/strong><\/li>\n<li>ARR\uff1a\u5b9a\u984d\u6cd5\u306e\u6e1b\u4fa1\u511f\u5374\u8cbb\u306f1,000 \u00f7 3 \u2252 333.33\u3001\u5404\u5e74\u306e\u4f1a\u8a08\u5229\u76ca\u306f\u7d04\u221233.33\u300166.67\u3001166.67\u3067\u5e73\u574766.67\u3002\u5e73\u5747\u6295\u8cc7\u984d\u306f1,000 \u00f7 2 \uff1d 500\u306a\u306e\u3067\u3001ARR \u2252 <strong>13.3\uff05<\/strong><\/li>\n<\/ol>\n<p>NPV\u30fbIRR\u30fbPI\u306f\u305d\u308d\u3063\u3066\u300c\u898b\u9001\u308a\u300d\u3092\u793a\u3057\u307e\u3059\u304c\u3001ARR\u3060\u3051\u3092\u898b\u308b\u306813.3\uff05\u3068\u8cc7\u672c\u30b3\u30b9\u30c8\u3092\u4e0a\u56de\u308a\u3001\u6709\u671b\u306b\u898b\u3048\u3066\u3057\u307e\u3044\u307e\u3059\u3002\u6642\u9593\u4fa1\u5024\u3092\u8003\u616e\u3057\u306a\u3044\u65b9\u6cd5\u304c\u5224\u65ad\u3092\u8aa4\u3089\u305b\u308b\u5178\u578b\u7684\u306a\u4f8b\u3067\u3059\u3002<\/p>\n<div class=\"cma-exam\">\n<p class=\"cma-exam-title\">\u8a66\u9a13\u3067\u554f\u308f\u308c\u3084\u3059\u3044\u30dd\u30a4\u30f3\u30c8<\/p>\n<ul>\n<li>\u5404\u65b9\u6cd5\u306e<strong>\u5224\u65ad\u57fa\u6e96<\/strong>\uff08NPV\uff1e0\u3001IRR\uff1e\u8cc7\u672c\u30b3\u30b9\u30c8\u3001PI\uff1e1\u3001\u56de\u53ce\u671f\u9593\uff1c\u57fa\u6e96\uff09\u304c\u57fa\u672c\u3068\u3057\u3066\u554f\u308f\u308c\u3084\u3059\u3044\u3067\u3059\u3002<\/li>\n<li>IRR\u306f<strong>NPV\u3092\u30bc\u30ed\u306b\u3059\u308b\u5272\u5f15\u7387<\/strong>\u3068\u3044\u3046\u5b9a\u7fa9\u3068\u3001\u8907\u6570IRR\u30fb\u898f\u6a21\u306e\u7121\u8996\u30fb\u518d\u6295\u8cc7\u306e\u4eee\u5b9a\u3068\u3044\u3063\u305f<strong>\u6b20\u70b9<\/strong>\u3092\u62bc\u3055\u3048\u3066\u304a\u304d\u307e\u3057\u3087\u3046\u3002<\/li>\n<li>\u76f8\u4e92\u6392\u4ed6\u7684\u306a\u6848\u3067<strong>NPV\u3068IRR\u306e\u7d50\u8ad6\u304c\u98df\u3044\u9055\u3046\u3068\u304d\u306fNPV\u3092\u512a\u5148<\/strong>\u3059\u308b\u70b9\u304c\u72d9\u308f\u308c\u3084\u3059\u3044\u3067\u3059\u3002<\/li>\n<li>\u56de\u53ce\u671f\u9593\u6cd5\u306f<strong>\u6642\u9593\u4fa1\u5024\u3068\u56de\u53ce\u5f8c\u306e\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u3092\u7121\u8996<\/strong>\u3001ARR\u306f<strong>\u4f1a\u8a08\u5229\u76ca\u30d9\u30fc\u30b9\u3067\u6642\u9593\u4fa1\u5024\u3092\u7121\u8996<\/strong>\u3068\u3044\u3046\u9055\u3044\u304c\u6df7\u540c\u3057\u3084\u3059\u3044\u30dd\u30a4\u30f3\u30c8\u3067\u3059\u3002<\/li>\n<li>PI\u306f<strong>\u8cc7\u91d1\u5236\u7d04\u4e0b\u3067\u306e\u512a\u5148\u9806\u4f4d\u3065\u3051<\/strong>\u306b\u4f7f\u308f\u308c\u308b\u3053\u3068\u3092\u7406\u89e3\u3057\u3066\u304a\u304d\u307e\u3057\u3087\u3046\u3002<\/li>\n<\/ul>\n<\/div>\n<h2>\u8981\u70b9\u307e\u3068\u3081<\/h2>\n<ul>\n<li>NPV\u6cd5\u306f\u4f01\u696d\u4fa1\u5024\u306e\u5897\u52a0\u984d\u3092\u76f4\u63a5\u793a\u3057\u3001\u7406\u8ad6\u7684\u306b\u6700\u3082\u512a\u308c\u3066\u3044\u308b<\/li>\n<li>IRR\u306fNPV\u3092\u30bc\u30ed\u306b\u3059\u308b\u5272\u5f15\u7387\u3067\u3001\u8cc7\u672c\u30b3\u30b9\u30c8\u3068\u6bd4\u3079\u3066\u5224\u65ad\u3059\u308b<\/li>\n<li>\u901a\u5e38\u306e\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306e\u5358\u72ec\u6848\u306a\u3089NPV\u30fbIRR\u30fbPI\u306e\u5224\u65ad\u306f\u4e00\u81f4\u3059\u308b\u304c\u3001\u76f8\u4e92\u6392\u4ed6\u7684\u306a\u6848\u3067\u306fNPV\u3092\u512a\u5148\u3059\u308b<\/li>\n<li>\u56de\u53ce\u671f\u9593\u6cd5\u3068ARR\u306f\u6642\u9593\u4fa1\u5024\u3092\u8003\u616e\u3057\u306a\u3044\u70b9\u304c\u5927\u304d\u306a\u6b20\u70b9<\/li>\n<\/ul>\n<div class=\"cma-link-box\">\n<p class=\"cma-link-box-title\">\u25b6 \u3042\u308f\u305b\u3066\u8aad\u307f\u305f\u3044<\/p>\n<p><a href=\"https:\/\/triumphmind.com\/cma\/2026\/09\/19\/cma1-corporate-finance\/\">\u3010\u8a3c\u5238\u30a2\u30ca\u30ea\u30b9\u30c81\u6b21\u3011\u30b3\u30fc\u30dd\u30ec\u30fc\u30c8\u30fb\u30d5\u30a1\u30a4\u30ca\u30f3\u30b9\u3067\u5b66\u3076\u5185\u5bb9\u306e\u4e00\u89a7\u306b\u623b\u308b<\/a><\/p>\n<p><a href=\"https:\/\/triumphmind.com\/cma\/2026\/09\/19\/g1-cf-24\/\">\u6295\u8cc7\u5224\u65ad\u306e\u57fa\u672c\u539f\u7406<\/a><\/p>\n<p><a href=\"https:\/\/triumphmind.com\/cma\/2026\/09\/19\/g1-cf-26\/\">\u6e1b\u4fa1\u511f\u5374\u306e\u7bc0\u7a0e\u52b9\u679c<\/a><\/p>\n<p><a href=\"https:\/\/triumphmind.com\/cma\/2026\/09\/19\/g1-cf-28\/\">WACC\uff08\u52a0\u91cd\u5e73\u5747\u8cc7\u672c\u30b3\u30b9\u30c8\uff09<\/a><\/p>\n<\/div>\n<p>\u8a3c\u5238\u30a2\u30ca\u30ea\u30b9\u30c8\u30a2\u30ab\u30c7\u30df\u30fc\u306eYouTube\uff08<a href=\"https:\/\/www.youtube.com\/@cma-fa-academy\" target=\"_blank\" rel=\"noopener\">@cma-fa-academy<\/a>\uff09\u3067\u306f\u3001\u5b66\u7fd2\u30dd\u30a4\u30f3\u30c8\u306b\u6cbf\u3063\u3066\u8ad6\u70b9\u30921\u3064\u305a\u3064\u89e3\u8aac\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p><a href=\"https:\/\/utage-system.com\/page\/98Nqc5o0yBvT\" target=\"_blank\" rel=\"noopener\">\u25b6 \u8a3c\u5238\u30a2\u30ca\u30ea\u30b9\u30c8\u30b3\u30df\u30e5\u30cb\u30c6\u30a3\u30fc\u306b\u53c2\u52a0\u3059\u308b<\/a><\/p>\n<p style=\"font-size:0.85em;\">\u203b\u5b66\u7fd2\u30dd\u30a4\u30f3\u30c8\u306f\u65e5\u672c\u8a3c\u5238\u30a2\u30ca\u30ea\u30b9\u30c8\u5354\u4f1a\u300c\u30102026\u5e74\u5ea6\u3011CMA\u8cc7\u683c\u306e\u53d6\u5f97\u306b\u6c42\u3081\u3089\u308c\u308b\u4e3b\u8981\u5b66\u7fd2\u4e8b\u9805\u3068\u5b66\u7fd2\u30dd\u30a4\u30f3\u30c8\u300d\u3088\u308a\u5f15\u7528\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u6295\u8cc7\u306e\u5224\u65ad\u65b9\u6cd5\u3067\u3042\u308bNPV\u6cd5\u3001IRR\u6cd5\u3001\u53ce\u76ca\u6027\u6307\u6a19\u3001\u56de\u53ce\u671f\u9593\u6cd5\u3001\u4f1a\u8a08\u4e0a\u306e\u53ce\u76ca\u7387\u306e\u8a08\u7b97\u3068\u5224\u65ad\u57fa\u6e96\u3001\u9577\u6240\u30fb\u77ed\u6240\u3092\u6574\u7406\u3057\u307e\u3059\u3002NPV\u3068IRR\u306e\u7d50\u8ad6\u304c\u98df\u3044\u9055\u3046\u5834\u5408\u306e\u8003\u3048\u65b9\u3082\u3001\u8a08\u7b97\u4f8b\u3068\u3042\u308f\u305b\u3066\u8a66\u9a13\u3067\u554f\u308f\u308c\u3084\u3059\u3044\u30dd\u30a4\u30f3\u30c8\u3092\u89e3\u8aac\u3057\u307e\u3059\u3002<\/p>\n","protected":false},"author":1,"featured_media":10039,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jin_ogp_image_url":"","_jin_last_featured_id":0,"footnotes":""},"categories":[22],"tags":[],"class_list":["post-10040","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-glossary"],"_links":{"self":[{"href":"https:\/\/triumphmind.com\/cma\/wp-json\/wp\/v2\/posts\/10040","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/triumphmind.com\/cma\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/triumphmind.com\/cma\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/triumphmind.com\/cma\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/triumphmind.com\/cma\/wp-json\/wp\/v2\/comments?post=10040"}],"version-history":[{"count":1,"href":"https:\/\/triumphmind.com\/cma\/wp-json\/wp\/v2\/posts\/10040\/revisions"}],"predecessor-version":[{"id":11599,"href":"https:\/\/triumphmind.com\/cma\/wp-json\/wp\/v2\/posts\/10040\/revisions\/11599"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/triumphmind.com\/cma\/wp-json\/wp\/v2\/media\/10039"}],"wp:attachment":[{"href":"https:\/\/triumphmind.com\/cma\/wp-json\/wp\/v2\/media?parent=10040"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/triumphmind.com\/cma\/wp-json\/wp\/v2\/categories?post=10040"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/triumphmind.com\/cma\/wp-json\/wp\/v2\/tags?post=10040"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}