{"id":10999,"date":"2026-09-20T00:13:00","date_gmt":"2026-09-19T15:13:00","guid":{"rendered":"https:\/\/triumphmind.com\/cma\/2026\/09\/20\/g2-cf-44\/"},"modified":"2026-09-20T00:19:10","modified_gmt":"2026-09-19T15:19:10","slug":"g2-cf-44","status":"publish","type":"post","link":"https:\/\/triumphmind.com\/cma\/2026\/09\/20\/g2-cf-44\/","title":{"rendered":"\u30cd\u30c3\u30c8\u30ef\u30fc\u30af\u52b9\u679c\u3068\u306f\uff1f\u610f\u5473\u3068\u8a66\u9a13\u3067\u554f\u308f\u308c\u308b\u30dd\u30a4\u30f3\u30c8\uff5c\u8a3c\u5238\u30a2\u30ca\u30ea\u30b9\u30c82\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 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class=\"cma-tbl kv\">\n<table>\n<tbody>\n<tr>\n<th>\u5206\u91ce<\/th>\n<td>2\u6b21 \u30b3\u30fc\u30dd\u30ec\u30fc\u30c8\u30fb\u30d5\u30a1\u30a4\u30ca\u30f3\u30b9\u3068\u4f01\u696d\u5206\u6790\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>(8) 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class=\"cma-tbl three\">\n<table>\n<thead>\n<tr>\n<th>\u8ad6\u70b9<\/th>\n<th>\u5185\u5bb9<\/th>\n<th>\u8a55\u4fa1\u3067\u306e\u6271\u3044<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td data-label=\"\u8ad6\u70b9\">\u76f4\u63a5\u7684\u30cd\u30c3\u30c8\u30ef\u30fc\u30af\u52b9\u679c<\/td>\n<td data-label=\"\u5185\u5bb9\">\u540c\u3058\u5074\u306e\u5229\u7528\u8005\u304c\u5897\u3048\u308b\u307b\u3069\u4fa1\u5024\u304c\u9ad8\u307e\u308b<\/td>\n<td data-label=\"\u8a55\u4fa1\u3067\u306e\u6271\u3044\">\u5229\u7528\u8005\u6570\u30fb\u5229\u7528\u983b\u5ea6\u306e\u4f38\u3073\u3092\u78ba\u8a8d<\/td>\n<\/tr>\n<tr>\n<td data-label=\"\u8ad6\u70b9\">\u9593\u63a5\u7684\u30cd\u30c3\u30c8\u30ef\u30fc\u30af\u52b9\u679c<\/td>\n<td data-label=\"\u5185\u5bb9\">\u7570\u306a\u308b\u5229\u7528\u8005\u30b0\u30eb\u30fc\u30d7\u304c\u4e92\u3044\u3092\u547c\u3073\u8fbc\u3080<\/td>\n<td data-label=\"\u8a55\u4fa1\u3067\u306e\u6271\u3044\">\u4e21\u5074\u306e\u5229\u7528\u8005\u306e\u30d0\u30e9\u30f3\u30b9\u3092\u78ba\u8a8d<\/td>\n<\/tr>\n<tr>\n<td data-label=\"\u8ad6\u70b9\">\u52dd\u8005\u7dcf\u53d6\u308a<\/td>\n<td data-label=\"\u5185\u5bb9\">\u7d50\u679c\u304c\u5927\u304d\u304f\u5206\u304b\u308c\u308b<\/td>\n<td data-label=\"\u8a55\u4fa1\u3067\u306e\u6271\u3044\">\u30b7\u30ca\u30ea\u30aa\u5206\u6790\u30fb\u78ba\u7387\u52a0\u91cd<\/td>\n<\/tr>\n<tr>\n<td data-label=\"\u8ad6\u70b9\">\u5148\u884c\u6295\u8cc7\u306b\u3088\u308b\u8d64\u5b57<\/td>\n<td data-label=\"\u5185\u5bb9\">\u8db3\u5143\u306e\u5229\u76ca\u304c\u8a55\u4fa1\u306b\u4f7f\u3048\u306a\u3044<\/td>\n<td data-label=\"\u8a55\u4fa1\u3067\u306e\u6271\u3044\">\u6210\u719f\u6642\u306e\u5229\u76ca\u7387\u30fbROIC\u304b\u3089\u9006\u7b97<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<h2>\u5177\u4f53\u4f8b\u3067\u78ba\u8a8d<\/h2>\n<p>\u8d64\u5b57\u306e\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u4f01\u696d\u306b\u3064\u3044\u3066\u3001\u6210\u719f\u6642\u306e\u59ff\u304b\u3089\u9006\u7b97\u3057\u30663\u3064\u306e\u30b7\u30ca\u30ea\u30aa\u306e\u4f01\u696d\u4fa1\u5024\uff08\u73fe\u5728\u4fa1\u5024\uff09\u3092\u6c42\u3081\u305f\u3068\u3057\u307e\u3059\u3002<\/p>\n<ol>\n<li>\u5e02\u5834\u306e\u52dd\u8005\u306b\u306a\u308b\uff08\u78ba\u738740\uff05\uff09\uff1a5,000<\/li>\n<li>\u4e00\u5b9a\u306e\u30b7\u30a7\u30a2\u306b\u3068\u3069\u307e\u308b\uff08\u78ba\u738740\uff05\uff09\uff1a1,500<\/li>\n<li>\u7af6\u4e89\u306b\u6557\u308c\u64a4\u9000\u3059\u308b\uff08\u78ba\u738720\uff05\uff09\uff1a200<\/li>\n<li>\u671f\u5f85\u4fa1\u5024\uff1a0.4 \u00d7 5,000 \uff0b 0.4 \u00d7 1,500 \uff0b 0.2 \u00d7 200\uff1d<strong>2,640<\/strong><\/li>\n<\/ol>\n<p>\u52dd\u8005\u30b7\u30ca\u30ea\u30aa\u3060\u3051\u3067\u8a55\u4fa1\u3059\u308b\u3068\u5927\u304d\u304f\u904e\u5927\u8a55\u4fa1\u306b\u306a\u308a\u3001\u5931\u6557\u30b7\u30ca\u30ea\u30aa\u3092\u7121\u8996\u3057\u306a\u3044\u3053\u3068\u304c\u5927\u5207\u3060\u3068\u308f\u304b\u308a\u307e\u3059\u3002\u307e\u305f\u3001\u52dd\u8005\u306e\u78ba\u7387\u306e\u898b\u7a4d\u3082\u308a\u3092\u5c11\u3057\u5909\u3048\u308b\u3060\u3051\u3067\u4fa1\u5024\u304c\u5927\u304d\u304f\u52d5\u304f\u305f\u3081\u3001\u611f\u5fdc\u5ea6\u306e\u78ba\u8a8d\u3082\u6b20\u304b\u305b\u307e\u305b\u3093\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>\u76f4\u63a5\u7684\u30fb\u9593\u63a5\u7684\u30cd\u30c3\u30c8\u30ef\u30fc\u30af\u52b9\u679c\u306e<strong>\u5b9a\u7fa9\u3068\u5177\u4f53\u4f8b<\/strong>\u3092\u533a\u5225\u3057\u3066\u8aac\u660e\u3067\u304d\u308b\u3088\u3046\u306b\u3057\u307e\u3057\u3087\u3046\u3002<\/li>\n<li>\u30cd\u30c3\u30c8\u30ef\u30fc\u30af\u52b9\u679c\u304c<strong>\u53c2\u5165\u969c\u58c1\u30fb\u7af6\u4e89\u512a\u4f4d<\/strong>\u3068\u306a\u308a\u3001\u9ad8\u3044ROIC\u306e\u6301\u7d9a\u306b\u3064\u306a\u304c\u308b\u7406\u7531\u304c\u554f\u308f\u308c\u3084\u3059\u3044\u3067\u3059\u3002<\/li>\n<li>\u8d64\u5b57\u306e\u9ad8\u6210\u9577\u4f01\u696d\u3067\u306f\u3001<strong>\u6210\u719f\u6642\u304b\u3089\u306e\u9006\u7b97<\/strong>\u3084<strong>\u30b7\u30ca\u30ea\u30aa\u306e\u78ba\u7387\u52a0\u91cd<\/strong>\u3092\u7528\u3044\u308b\u7406\u7531\u3092\u62bc\u3055\u3048\u307e\u3057\u3087\u3046\u3002<\/li>\n<li>\u8a18\u8ff0\u5f0f\u3067\u306f\u3001\u9ad8\u6210\u9577\u4f01\u696d\u306e\u8a55\u4fa1\u3067\u6ce8\u610f\u3059\u3079\u304d\u70b9\uff08\u6210\u9577\u7387\u30fb\u5229\u76ca\u7387\u306e\u524d\u63d0\u3001\u5931\u6557\u306e\u53ef\u80fd\u6027\u3001\u611f\u5fdc\u5ea6\uff09\u3092\u8aac\u660e\u3055\u305b\u308b\u5f62\u304c\u8003\u3048\u3089\u308c\u307e\u3059\u3002<\/li>\n<li>\u6210\u9577\u3057\u3066\u30821\u5229\u7528\u8005\u5f53\u305f\u308a\u306e\u7d4c\u6e08\u6027\uff08LTV\u3068CAC\u306e\u95a2\u4fc2\uff09\u304c\u60aa\u3051\u308c\u3070\u4fa1\u5024\u3092\u751f\u307e\u306a\u3044\u70b9\u306f\u3001\u4fa1\u5024\u5275\u9020\u306e\u6761\u4ef6\u3068\u3082\u3064\u306a\u304c\u308a\u307e\u3059\u3002<\/li>\n<\/ul>\n<\/div>\n<h2>\u8981\u70b9\u307e\u3068\u3081<\/h2>\n<ul>\n<li>\u30cd\u30c3\u30c8\u30ef\u30fc\u30af\u52b9\u679c\uff1d\u5229\u7528\u8005\u304c\u5897\u3048\u308b\u307b\u3069\u4fa1\u5024\u304c\u9ad8\u307e\u308b\u6027\u8cea\uff08\u76f4\u63a5\u7684\u30fb\u9593\u63a5\u7684\uff09<\/li>\n<li>\u52dd\u8005\u7dcf\u53d6\u308a\u306b\u306a\u308a\u3084\u3059\u304f\u3001\u7d50\u679c\u306e\u632f\u308c\u5e45\u304c\u5927\u304d\u3044<\/li>\n<li>\u8d64\u5b57\u306e\u9ad8\u6210\u9577\u4f01\u696d\u306f\u3001\u6210\u719f\u6642\u306e\u59ff\u304b\u3089\u9006\u7b97\u3057\u3066\u8a55\u4fa1\u3059\u308b<\/li>\n<li>\u8907\u6570\u30b7\u30ca\u30ea\u30aa\u3092\u78ba\u7387\u3067\u91cd\u307f\u4ed8\u3051\u3057\u3001\u611f\u5fdc\u5ea6\u3082\u78ba\u8a8d\u3059\u308b<\/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\/cma2-corporate-finance\/\">\u3010\u8a3c\u5238\u30a2\u30ca\u30ea\u30b9\u30c82\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\/20\/g2-cf-41\/\">\u7af6\u4e89\u512a\u4f4d\u3068\u4fa1\u5024\u5275\u9020<\/a><\/p>\n<p><a href=\"https:\/\/triumphmind.com\/cma\/2026\/09\/20\/g2-cf-39\/\">\u4fa1\u5024\u5275\u9020\u306e\u6761\u4ef6\uff08ROIC\uff1eWACC\uff09<\/a><\/p>\n<p><a href=\"https:\/\/triumphmind.com\/cma\/2026\/09\/20\/g2-cf-10\/\">\u30ea\u30a2\u30eb\u30aa\u30d7\u30b7\u30e7\u30f3<\/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 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