{"id":20208,"date":"2026-05-16T14:52:37","date_gmt":"2026-05-16T05:52:37","guid":{"rendered":"https:\/\/www.aas-clover.com\/tokyoblog\/20208"},"modified":"2026-05-16T15:59:45","modified_gmt":"2026-05-16T06:59:45","slug":"r07%e5%b9%b4%e5%ba%a6%e4%ba%8b%e4%be%8b%ef%bc%94%ef%bc%88%e5%be%97%e7%82%b9-71%e7%82%b9%ef%bc%89","status":"publish","type":"post","link":"https:\/\/www.aas-clover.com\/tokyoblog\/20208","title":{"rendered":"R07\u5e74\u5ea6\u4e8b\u4f8b\uff14\uff08\u5f97\u70b9 71\u70b9\uff09"},"content":{"rendered":"<h4>\u7b2c\uff11\u554f\uff08\u914d\u70b925\u70b9\uff09<\/h4>\n<p><strong>\uff08\u8a2d\u554f\uff11\uff09<\/strong><\/p>\n<table class='saigen4-tbl-01'>\n<tbody>\n<tr>\n<td style='white-space:nowrap'><\/td>\n<td>\uff08a\uff09\u6307\u6a19\u540d<\/td>\n<td>\uff08b\uff09\u5024<\/td>\n<\/tr>\n<tr>\n<td style='white-space:nowrap'>\u2460\u512a\u308c\u305f\u6307\u6a19<\/td>\n<td>\u81ea\u5df1\u8cc7\u672c\u6bd4\u7387<\/td>\n<td>82.13%<\/td>\n<\/tr>\n<tr>\n<td style='white-space:nowrap'>\u2461\u52a3\u308b\u6307\u6a19<\/td>\n<td>\u58f2\u4e0a\u9ad8\u7dcf\u5229\u76ca\u7387<\/td>\n<td>35.85%<\/td>\n<\/tr>\n<tr>\n<td style='white-space:nowrap'>\u2462\u52a3\u308b\u6307\u6a19<\/td>\n<td>\u6709\u5f62\u56fa\u5b9a\u8cc7\u7523\u56de\u8ee2\u7387<\/td>\n<td>1.85\u56de<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>\uff08\u8a2d\u554f\uff12\uff09<\/strong><\/p>\n<p>\u8981\u56e0\u306f\u3001\u4f1d\u7d71\u7684\u306a\u9ad8\u4fa1\u683c\u306e\u5927\u578b\u4ecf\u58c7\u304c\u6d77\u5916\u751f\u7523\u306e\u4f4e\u4fa1\u683c\u4ecf\u58c7\u3001\u5c0f\u578b\u4ecf\u58c7\u3068\u306e\u7af6\u4e89\u3067\u53ce\u76ca\u6027\u304c\u4f4e\u304f\u306a\u3063\u305f\u3002\u624b\u4ed5\u4e8b\u306b\u3088\u308b\u5de5\u5834\u751f\u7523\u304c\u7af6\u5408\u306e\u6a5f\u68b0\u5316\u3068\u6bd4\u3057\u3066\u8a2d\u5099\u306e\u52b9\u7387\u6027\u304c\u4f4e\u3044\u305f\u3081\u3002<\/p>\n<h4>\u7b2c\uff12\u554f\uff08\u914d\u70b930\u70b9\uff09<\/h4>\n<p><strong>\uff08\u8a2d\u554f\uff11\uff09<\/strong><\/p>\n<table class='saigen4-tbl-02'>\n<tbody>\n<tr>\n<td style='white-space:nowrap'>\u2460\u88fd\u54c1X\u8ca9\u58f2\u6570\u91cf<\/td>\n<td>480\u57fa<\/td>\n<\/tr>\n<tr>\n<td style='white-space:nowrap'>\u2461\u88fd\u54c1Y\u8ca9\u58f2\u6570\u91cf<\/td>\n<td>720\u57fa<\/td>\n<\/tr>\n<tr>\n<td style='white-space:nowrap'>\u2462\u640d\u76ca\u5206\u5c90\u70b9\u58f2\u4e0a\u9ad8<\/td>\n<td>691,200,000\u5186<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>\u8a08\u7b97\u904e\u7a0b<\/strong><\/p>\n<p>\u30fb\u8ca9\u58f2\u6570\u91cf\u3092\u88fd\u54c1X\u304c2x\u3001\u88fd\u54c1Y\u304c3x\u3068\u3059\u308b\u3002<br \/>\n\u30fb\u9650\u754c\u5229\u76ca\uff1a(600-230)\u00d72x+(560-140)\u00d73x=2,000x\u5343\u5186<br \/>\n\u30fb\u56fa\u5b9a\u8cbb\uff1a45,000+35,000+400,000=480,000\u5343\u5186<br \/>\n\u30fb\u640d\u76ca\u5206\u5c90\u70b9\u58f2\u4e0a\u9ad8\u306e\u8a08\u7b97\u5f0f\uff1a<br \/>\n\u30002,000x-480,000=0 \u2192x=240\u57fa<br \/>\n\u30fb\u88fd\u54c1X\uff1a240\u00d72=480\u57fa\u3000\u88fd\u54c1Y\uff1a240\u00d73=720\u57fa<br \/>\n\u30fb\u640d\u76ca\u5206\u5c90\u70b9\u58f2\u4e0a\u9ad8\uff1a600\u00d7480\uff0b560\u00d7720=691,200\u5343\u5186<\/p>\n<p><strong>\uff08\u8a2d\u554f\uff12\uff09<\/strong><\/p>\n<table class='saigen4-tbl-02'>\n<tbody>\n<tr>\n<td style='white-space:nowrap'>\u88fd\u54c1Y\u8ca9\u58f2\u6570\u91cf<\/td>\n<td>947\u57fa<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>\u8a08\u7b97\u904e\u7a0b<\/strong><\/p>\n<p>\u30fb\u88fd\u54c1Y\u306e\u8ca9\u58f2\u6570\u91cf\u3092y\u3068\u3059\u308b\u3002<br \/>\n\u30fb\u58f2\u4e0a\u9ad8\uff1a600\u00d7500\uff0b560\u00d7y=300,000+560y<br \/>\n\u30fb\u5909\u52d5\u8cbb\uff1a230\u00d71.05\u00d7500+140\u00d71.05\u00d7y=120,750+147y\u5343\u5186<br \/>\n\u30fb\u56fa\u5b9a\u8cbb\uff1a80,000\uff0b400,000\u00d71.1=520,000\u5343\u5186<br \/>\n\u30fb\u76ee\u6a19\u5229\u76ca\u984d50,000\u5343\u5186\u9054\u6210\u306e\u8a08\u7b97\u5f0f\uff1a 300,000+560y-(120,750+147y)-520,000=50,000 \u2192413y=390,750\u2192946.125\u57fa<\/p>\n<p><strong>\uff08\u8a2d\u554f\uff13\uff09<\/strong><\/p>\n<table class='saigen4-tbl-02'>\n<tbody>\n<tr>\n<td style='white-space:nowrap'>\u2460\u88fd\u54c1X\u8ca9\u58f2\u6570\u91cf<\/td>\n<td>412\u57fa<\/td>\n<\/tr>\n<tr>\n<td style='white-space:nowrap'>\u2461\u88fd\u54c1Y\u8ca9\u58f2\u6570\u91cf<\/td>\n<td>1,648\u57fa<\/td>\n<\/tr>\n<tr>\n<td style='white-space:nowrap'>\u2462\u7dcf\u5229\u76ca\u984d<\/td>\n<td>-324,938,000\u5186<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>\u8a08\u7b97\u904e\u7a0b<\/strong><\/p>\n<p>\u30fb1\u57fa\u3042\u305f\u308a\u9650\u754c\u5229\u76ca<br \/>\n    \u88fd\u54c1X\uff1a358.5\u5343\u5186\u3000\u88fd\u54c1Y\uff1a503\u5343\u5186<br \/>\n\u30fb\u76f4\u63a5\u4f5c\u696d\u6642\u9593\u3042\u305f\u308a\u9650\u754c\u5229\u76ca<br \/>\n\u3000\u88fd\u54c1X\uff1a358.5\u00f70.5=717\u5343\u5186<br \/>\n    \u88fd\u54c1Y\uff1a503\u00f70.3=1,676.667\u5343\u5186\u3000\u3088\u308a\u88fd\u54c1Y\u3092\u512a\u5148\u3002<br \/>\n    (0.5\u00d70.25y\uff0b0.3\u00d7y)\uff1d700\u6642\u9593\u2192y=1,647.0588\u57fa<br \/>\n    \u3088\u308a\u88fd\u54c1X\uff1a412\u57fa \u88fd\u54c1Y\uff1a1,648\u57fa<br \/>\n\u30fb\u5229\u76ca\u984d\u3092\u7b97\u51fa\u3002<br \/>\n    (600-358.5)\u00d7412+(650-503)\u00d7412-(45,000+35,000+5,000+400,000) =-324,938\u5343\u5186<\/p>\n<h4>\u7b2c\uff13\u554f\uff08\u914d\u70b925\u70b9\uff09<\/h4>\n<p><strong>\uff08\u8a2d\u554f\uff11\uff09\u8a2d\u5099Z\u58f2\u5374\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc<\/strong><\/p>\n<table class='saigen4-tbl-02'>\n<tbody>\n<tr>\n<td style='white-space:nowrap'>\u58f2\u5374CF<\/td>\n<td>4,200,000\u5186<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>\u8a08\u7b97\u904e\u7a0b<\/strong><\/p>\n<p>(6,000)\u00d7(1-0.3)-6,000+6,000=4,200\u5343\u5186<\/p>\n<p><strong>\uff08\u8a2d\u554f\uff12\uff09\u5404\u5e74\u672b\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc<\/strong><\/p>\n<table class='saigen4-tbl-02'>\n<tbody>\n<tr>\n<td style='white-space:nowrap'>\uff11\u5e74\u672b<\/td>\n<td>10,620,000\u5186<\/td>\n<\/tr>\n<tr>\n<td style='white-space:nowrap'>\uff12\u5e74\u672b<\/td>\n<td>19,620,000\u5186<\/td>\n<\/tr>\n<tr>\n<td style='white-space:nowrap'>\uff13\u5e74\u672b<\/td>\n<td>19,620,000\u5186<\/td>\n<\/tr>\n<tr>\n<td style='white-space:nowrap'>\uff14\u5e74\u672b<\/td>\n<td>28,620,000\u5186<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>\u8a08\u7b97\u904e\u7a0b<\/strong><\/p>\n<p>\u30fb\u8a2d\u5099Z\u6e1b\u4fa1\u511f\u5374\u8cbb\uff1a60,000\u00f74=15,000\u5343\u5186<br \/>\n    1\u5e74\u76eeCF\uff1a(87,600-36,000-30,000-15,000)\u00d7(1-0.3)+15,000-9,000=10,620\u5343\u5186<br \/>\n\u30002\u301c3\u5e74\u76eeCF\uff1a(87,600-36,000-30,000-15,000)\u00d7(1-0.3)+15,000=19,620\u5343\u5186<br \/>\n\u30004\u5e74\u76eeCF\uff1a(87,600-36,000-30,000-15,000)\u00d7(1-0.3)+15,000+9,000=28,620\u5343\u5186<\/p>\n<p><strong>\uff08\u8a2d\u554f\uff13\uff09\u6b63\u5473\u73fe\u5728\u4fa1\u5024\u30fb\u63a1\u5426<\/strong><\/p>\n<table class='saigen4-tbl-02'>\n<tbody>\n<tr>\n<td style='white-space:nowrap'>\u6b63\u5473\u73fe\u5728\u4fa1\u5024<\/td>\n<td>13,868,220\u5186<\/td>\n<\/tr>\n<tr>\n<td style='white-space:nowrap'>\u63a1\u5426<\/td>\n<td>\u3059\u308b<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>\u8a08\u7b97\u904e\u7a0b<\/strong><\/p>\n<p>\u30fbNPV\u306e\u8a08\u7b97\u5f0f\u3067\u7b97\u51fa\u3002<br \/>\n\u3000-60,000+10,620\u00d70.962\uff0b19,620\u00d7(0.925+0.889)+(28,620+4,200)\u00d70.855=13,868.22\u5343\u5186<\/p>\n<h4>\u7b2c\uff14\u554f\uff08\u914d\u70b920\u70b9\uff09<\/h4>\n<p><strong>\uff08\u8a2d\u554f\uff11\uff09<\/strong><\/p>\n<p>\u8cc7\u91d1\u8abf\u9054\u624b\u6bb5\u306f\u3001\u5229\u76ca\u5270\u4f59\u91d1\u306e\u5185\u90e8\u7559\u4fdd\u3092\u6d3b\u7528\u3057\u3001\u682a\u5f0f\u767a\u884c\u3067\u6295\u8cc7\u5bb6\u304b\u3089\u8cc7\u91d1\u8abf\u9054\u3059\u308b\u3002\u7406\u7531\u306f\u3001\u501f\u5165\u3067\u767a\u751f\u3059\u308b\u5229\u606f\u8ca0\u62c5\u304c\u306a\u304f\u3001\u30ea\u30b9\u30af\u304c\u5c11\u306a\u304f\u3001\u914d\u5f53\u3067\u6295\u8cc7\u5bb6\u306b\u5229\u76ca\u9084\u5143\u3059\u308b\u3002<\/p>\n<p><strong>\uff08\u8a2d\u554f\uff12\uff09<\/strong><\/p>\n<p>\u30ea\u30b9\u30af\u306f\u3001\u70ba\u66ff\u30ea\u30b9\u30af\u3001\u91d1\u5229\u30ea\u30b9\u30af\u3001\u6d41\u52d5\u6027\u30ea\u30b9\u30af\u3002\u5bfe\u51e6\u7b56\u306f\u3001\u30aa\u30d7\u30b7\u30e7\u30f3\u3084\u91d1\u5229\u30b9\u30ef\u30c3\u30d7\u7b49\u306e\u30c7\u30ea\u30d0\u30c7\u30a3\u30d6\u3067\u30ea\u30b9\u30af\u30d8\u30c3\u30b8\u3059\u308b\u3053\u3068\u3002&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u7b2c\uff11\u554f\uff08\u914d\u70b925\u70b9\uff09 \uff08\u8a2d\u554f\uff11\uff09 \uff08a\uff09\u6307\u6a19\u540d \uff08b\uff09\u5024 \u2460\u512a\u308c\u305f\u6307\u6a19 \u81ea\u5df1\u8cc7\u672c\u6bd4\u7387 82.13% \u2461\u52a3\u308b\u6307\u6a19 \u58f2\u4e0a\u9ad8\u7dcf\u5229\u76ca\u7387 35.85% \u2462\u52a3\u308b\u6307\u6a19 \u6709\u5f62\u56fa\u5b9a\u8cc7\u7523\u56de\u8ee2\u7387 1.85\u56de \uff08\u8a2d\u554f\uff12\uff09 \u8981\u56e0\u306f\u3001\u4f1d\u7d71\u7684\u306a\u9ad8\u4fa1\u683c [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2818,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"swell_btn_cv_data":"","score":"71","footnotes":""},"categories":[345],"tags":[],"class_list":["post-20208","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-saigen-2025d"],"_links":{"self":[{"href":"https:\/\/www.aas-clover.com\/tokyoblog\/wp-json\/wp\/v2\/posts\/20208","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.aas-clover.com\/tokyoblog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.aas-clover.com\/tokyoblog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.aas-clover.com\/tokyoblog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.aas-clover.com\/tokyoblog\/wp-json\/wp\/v2\/comments?post=20208"}],"version-history":[{"count":1,"href":"https:\/\/www.aas-clover.com\/tokyoblog\/wp-json\/wp\/v2\/posts\/20208\/revisions"}],"predecessor-version":[{"id":21352,"href":"https:\/\/www.aas-clover.com\/tokyoblog\/wp-json\/wp\/v2\/posts\/20208\/revisions\/21352"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.aas-clover.com\/tokyoblog\/wp-json\/wp\/v2\/media\/2818"}],"wp:attachment":[{"href":"https:\/\/www.aas-clover.com\/tokyoblog\/wp-json\/wp\/v2\/media?parent=20208"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.aas-clover.com\/tokyoblog\/wp-json\/wp\/v2\/categories?post=20208"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.aas-clover.com\/tokyoblog\/wp-json\/wp\/v2\/tags?post=20208"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}