{"id":4766,"date":"2026-07-10T15:30:10","date_gmt":"2026-07-10T06:30:10","guid":{"rendered":"https:\/\/jpc.jpc-net.jp\/productivitynavi\/?p=4766"},"modified":"2026-07-10T15:30:12","modified_gmt":"2026-07-10T06:30:12","slug":"hcm2","status":"publish","type":"post","link":"https:\/\/jpc.jpc-net.jp\/productivitynavi\/hcm2\/","title":{"rendered":"\u300c\u7814\u4fee\u8cbb\u7528\u300d\u3088\u308a\u300c\u7814\u4fee\u6642\u9593\u300d\uff1a\u4eba\u7684\u8cc7\u672c\u6295\u8cc7\u304c\u672c\u5f53\u306b\u52b9\u679c\u304c\u3042\u308b\u306e\u306f\u3069\u3053\u304b"},"content":{"rendered":"<div class=\"ark-block-toc\">\n\t\t<div class=\"ark-block-toc__title\">\u76ee\u6b21<\/div>\n\t\t<ol class=\"ark-block-toc__list\" data-level=\"2\"><li><a href=\"#arkb-toc-0\" class=\"ark-block-toc__link\">\u767a\u898b\uff11\uff1a\u52b9\u679c\u304c\u3042\u308b\u306e\u306f\u300c\u8cbb\u7528\u300d\u3067\u306f\u306a\u304f\u300c\u6642\u9593\u300d<\/a><\/li><li><a href=\"#arkb-toc-1\" 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src=\"https:\/\/jpc.jpc-net.jp\/productivitynavi\/wp-content\/uploads\/2025\/06\/cropped-ChatGPT-Image-2025\u5e746\u67083\u65e5-16_11_49-32x32.png\" alt=\"\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"arkb-boxLink__more__text\">\u751f\u7523\u6027navi<\/span>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t<\/div>\n<\/div>\n\n\n\n<h2 id=\"arkb-toc-0\" class=\"wp-block-heading\">\u767a\u898b\uff11\uff1a\u52b9\u679c\u304c\u3042\u308b\u306e\u306f\u300c\u8cbb\u7528\u300d\u3067\u306f\u306a\u304f\u300c\u6642\u9593\u300d<\/h2>\n\n\n\n<p 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src=\"https:\/\/jpc.jpc-net.jp\/productivitynavi\/wp-content\/uploads\/2026\/07\/image-2-1024x344.png\" alt=\"\" class=\"wp-image-4768\" srcset=\"https:\/\/jpc.jpc-net.jp\/productivitynavi\/wp-content\/uploads\/2026\/07\/image-2-1024x344.png 1024w, https:\/\/jpc.jpc-net.jp\/productivitynavi\/wp-content\/uploads\/2026\/07\/image-2-300x101.png 300w, https:\/\/jpc.jpc-net.jp\/productivitynavi\/wp-content\/uploads\/2026\/07\/image-2-768x258.png 768w, https:\/\/jpc.jpc-net.jp\/productivitynavi\/wp-content\/uploads\/2026\/07\/image-2-1536x516.png 1536w, https:\/\/jpc.jpc-net.jp\/productivitynavi\/wp-content\/uploads\/2026\/07\/image-2.png 1583w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-center u-mt-0 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\u3068\u3053\u308d\u304c\u3001\u7d71\u5408\u5831\u544a\u66f8\u3092\u767a\u884c\u3057\u3066\u3044\u308b\u4f01\u696d\u3067\u306f\u3001\u3053\u306e\u8ca0\u306e\u8a55\u4fa1\u304c\u307b\u307c\u76f8\u6bba\u3055\u308c\u3066\u3044\u307e\u3057\u305f\u3002\u60c5\u5831\u958b\u793a\u304c\u3001\u7814\u4fee\u8cbb\u7528\u306b\u5bfe\u3059\u308b\u6295\u8cc7\u5bb6\u306e\u89e3\u91c8\u3092\u300c\u30b3\u30b9\u30c8\u300d\u304b\u3089\u300c\u6295\u8cc7\u300d\u3078\u3068\u5207\u308a\u66ff\u3048\u308b\u30b9\u30a4\u30c3\u30c1\u3068\u3057\u3066\u6a5f\u80fd\u3057\u3066\u3044\u305f\u3001\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"575\" src=\"https:\/\/jpc.jpc-net.jp\/productivitynavi\/wp-content\/uploads\/2026\/07\/image-3-1024x575.png\" alt=\"\" class=\"wp-image-4769\" srcset=\"https:\/\/jpc.jpc-net.jp\/productivitynavi\/wp-content\/uploads\/2026\/07\/image-3-1024x575.png 1024w, https:\/\/jpc.jpc-net.jp\/productivitynavi\/wp-content\/uploads\/2026\/07\/image-3-300x168.png 300w, https:\/\/jpc.jpc-net.jp\/productivitynavi\/wp-content\/uploads\/2026\/07\/image-3-768x431.png 768w, https:\/\/jpc.jpc-net.jp\/productivitynavi\/wp-content\/uploads\/2026\/07\/image-3.png 1496w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-center u-mt-0 wp-block-paragraph\">\u7d71\u5408\u5831\u544a\u66f8\u00d7\u7814\u4fee\u8cbb\u7528\u306e\u5e02\u5834\u8a55\u4fa1\u3078\u306e\u52b9\u679c\u306f\u3001\u7fcc\u671f\uff08t+1\uff09\u9650\u308a\u3067\uff12\u671f\u5f8c\u306b\u306f\u6d88\u6ec5\u3059\u308b<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3082\u3063\u3068\u3082\u3001\u3053\u306e\u958b\u793a\u52b9\u679c\u306f\uff11\u5e74\u9650\u308a\u3067\u3001\uff12\u671f\u5f8c\u306b\u306f\u6d88\u3048\u3066\u3057\u307e\u3044\u307e\u3059\u3002\u3055\u3089\u306b\u3001\u5916\u308c\u5024\u306e\u5f71\u97ff\u3092\u53d6\u308a\u9664\u5916\u3059\u308b\u611f\u5ea6\u5206\u6790\uff08\u30a6\u30a3\u30f3\u30b6\u30fc\u51e6\u7406\uff09\u3092\u884c\u3046\u3068\u3001\u3053\u306e\u52b9\u679c\u81ea\u4f53\u304c\u7d71\u8a08\u7684\u306b\u6709\u610f\u3067\u306a\u304f\u306a\u308a\u307e\u3057\u305f\u3002\u3064\u307e\u308a\u3001\u3053\u306e\u7d50\u679c\u306f\u300c\u306a\u3044\u3068\u306f\u8a00\u3048\u306a\u3044\u304c\u3001\u307e\u3060\u8106\u5f31\u306a\u52b9\u679c\u300d\u3068\u6349\u3048\u308b\u306e\u304c\u6b63\u78ba\u3067\u3059\u3002\u300c\u7d71\u5408\u5831\u544a\u66f8\u3092\u767a\u884c\u3057\u3066\u3044\u308b\u304b\u5426\u304b\u300d\u3068\u3044\u3046\u767a\u884c\u306e\u6709\u7121\u306e\u307f\u3092\u793a\u3059\u7c97\u3044\u6307\u6a19\u3067\u306f\u3001\u6295\u8cc7\u5bb6\u306e\u8a55\u4fa1\u3092\u6301\u7d9a\u7684\u306b\u652f\u3048\u308b\u3053\u3068\u306f\u3067\u304d\u306a\u3044\u3001\u3068\u3044\u3046\u306e\u304c\u5b9f\u52d9\u7684\u306a\u542b\u610f\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.jpc-net.jp\/research\/detail\/008016.html\">\u4e0a\u5834\u4f01\u696d\u306e\u6b63\u793e\u54e1\u3078\u5b9f\u65bd\u3057\u305f\u300c\u4eba\u7684\u8cc7\u672c\u7d4c\u55b6\u6d78\u900f\u5ea6\u8abf\u67fb\u300d\u306e\u8abf\u67fb\u7d50\u679c\u3092\u898b\u308b \u2193<\/a><\/p>\n\n\n<div class=\"ark-block-blogCard arkb-boxLink u-mt-0\" data-arkb-linkbox>\n\t<div class=\"arkb-boxLink__inner\" data-type=\"external\">\n\t\t\t\t\t<figure class=\"arkb-boxLink__figure is-fixed-ratio\">\n\t\t\t\t<img decoding=\"async\" src=\"https:\/\/www.jpc-net.jp\/common\/img\/symbol\/ogp.png\" alt=\"\" class=\"arkb-boxLink__img arkb-obf-cover\">\n\t\t\t<\/figure>\n\t\t\t\t<div class=\"arkb-boxLink__body\">\n\t\t\t<a href=\"https:\/\/www.jpc-net.jp\/research\/detail\/008016.html\" class=\"arkb-boxLink__title\" data-arkb-link>\n\t\t\t\t\u300c\u4eba\u7684\u8cc7\u672c\u7d4c\u55b6\u306e\u6d78\u900f\u30fb \u5f93\u696d\u54e1\u8a8d\u77e5\u306b\u95a2\u3059\u308b\u8abf\u67fb\u3000\uff5e\u30ef\u30fc\u30af\u30fb\u30a8\u30f3\u30b2\u30fc\u30b8\u30e1\u30f3\u30c8\u3001\u751f\u7523\u6027\u3001\u5fc3\u7406\u7684\u5b89\u5168\u6027\u3092\u9ad8&#8230;\t\t\t<\/a>\n\t\t\t\t\t\t\t<div class=\"arkb-boxLink__content arkb-only-pc\">\n\t\t\t\t\t\u300c\u4eba\u7684\u8cc7\u672c\u7d4c\u55b6\u306e\u6d78\u900f\u30fb \u5f93\u696d\u54e1\u8a8d\u77e5\u306b\u95a2\u3059\u308b\u8abf\u67fb\u3000\uff5e\u30ef\u30fc\u30af\u30fb\u30a8\u30f3\u30b2\u30fc\u30b8\u30e1\u30f3\u30c8\u3001\u751f\u7523\u6027\u3001\u5fc3\u7406\u7684\u5b89\u5168\u6027\u3092\u9ad8\u3081\u308b\u306b\u306f\uff5e\u300d\u3002\u65e5\u672c\u751f\u7523\u6027\u672c\u90e8\u3067\u306f\u3001\u751f\u7523\u6027&#8230;\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<div class=\"arkb-boxLink__more\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"arkb-boxLink__more__text\">\u516c\u76ca\u8ca1\u56e3\u6cd5\u4eba\u65e5\u672c\u751f\u7523\u6027\u672c\u90e8<\/span>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t<\/div>\n<\/div>\n\n\n\n<h2 id=\"arkb-toc-2\" class=\"wp-block-heading\">\u307e\u3068\u3081\uff1a\u793e\u5185\u8a55\u4fa1\u3068\u5e02\u5834\u8a55\u4fa1\u306f\u3001\u7740\u76ee\u3057\u3066\u3044\u308b\u6307\u6a19\u304c\u7570\u306a\u308b<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">\u4eca\u56de\u306e\u5206\u6790\u304b\u3089\u660e\u3089\u304b\u306b\u306a\u308b\u306e\u306f\u3001\u6b21\u306e\u3088\u3046\u306a\u300c\u4e8c\u91cd\u6027\u300d\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\"><strong>\u793e\u5185\u8a55\u4fa1\u3068\u5e02\u5834\u8a55\u4fa1 \uff65\uff65\uff65\uff65\uff65 \u898b\u3066\u3044\u308b\u6307\u6a19\u304c\u9055\u3046<\/strong><\/p>\n\n\n\n<table style=\"border-collapse:collapse;width:100%;font-family:sans-serif;font-size:15px;width:calc(100% - 10%);margin-left:5%;margin-right:5%;\">\n  <tr>\n    <th style=\"background:#1f2937;padding:12px 16px;color:#ffffff;border-top:1px solid #e5e7eb;border-right:1px solid #e5e7eb;border-bottom:1px solid #e5e7eb;border-left:1px solid #e5e7eb;font-weight:bold;text-align:center;\">\u8a55\u4fa1\u306e\u8ef8<\/th>\n    <th style=\"background:#1f2937;padding:12px 16px;color:#ffffff;border-top:1px solid #e5e7eb;border-right:1px solid #e5e7eb;border-bottom:1px solid #e5e7eb;border-left:1px solid #e5e7eb;font-weight:bold;text-align:center;\">\u52b9\u3044\u3066\u3044\u308b\u6307\u6a19<\/th>\n    <th style=\"background:#1f2937;padding:12px 16px;color:#ffffff;border-top:1px solid #e5e7eb;border-right:1px solid #e5e7eb;border-bottom:1px solid #e5e7eb;border-left:1px solid #e5e7eb;font-weight:bold;text-align:center;\">\u52b9\u679c\u306e\u6301\u7d9a\u6027<\/th>\n  <\/tr>\n  <tr>\n    <td style=\"background:rgb(219, 234, 254);padding:12px 16px;color:#1f2937;border-top:1px solid #e5e7eb;border-right:1px solid #e5e7eb;border-bottom:1px solid #e5e7eb;border-left:1px solid #e5e7eb;font-weight:normal;text-align:center;\"><strong>\u793e\u5185\u306e\u696d\u7e3e<\/strong><br><strong>\uff08ROA\u30fbROE\uff09<\/strong><\/td>\n    <td style=\"background:rgb(219, 234, 254);padding:12px 16px;color:#1f2937;border-top:1px solid #e5e7eb;border-right:1px solid #e5e7eb;border-bottom:1px solid #e5e7eb;border-left:1px solid #e5e7eb;font-weight:normal;text-align:center;\">\u7814\u4fee\u300c\u6642\u9593\u300d<br>\u2192\u751f\u7523\u6027\uff08\u4e00\u4eba\u5f53\u305f\u308a\u7c97\u5229\uff09<\/td>\n    <td style=\"background:rgb(219, 234, 254);padding:12px 16px;color:#1f2937;border-top:1px solid #e5e7eb;border-right:1px solid #e5e7eb;border-bottom:1px solid #e5e7eb;border-left:1px solid #e5e7eb;font-weight:normal;text-align:center;\">\u7fcc\u671f\uff08t+1\uff09\u306b\u5f37\u304f\u3001<br>2\u671f\u5f8c\uff08t+2\uff09\u306b\u306f\u6e1b\u8870<\/td>\n  <\/tr>\n  <tr>\n    <td style=\"background:rgb(220, 252, 231);padding:12px 16px;color:#1f2937;border-top:1px solid #e5e7eb;border-right:1px solid #e5e7eb;border-bottom:1px solid #e5e7eb;border-left:1px solid #e5e7eb;font-weight:normal;text-align:center;\"><strong>\u5e02\u5834\u306e\u8a55\u4fa1<\/strong><br><strong>\uff08Tobin&#8217;sQ\u30fbPBR\uff09<\/strong><\/td>\n    <td style=\"background:rgb(220, 252, 231);padding:12px 16px;color:#1f2937;border-top:1px solid #e5e7eb;border-right:1px solid #e5e7eb;border-bottom:1px solid #e5e7eb;border-left:1px solid #e5e7eb;font-weight:normal;text-align:center;\">\u7d71\u5408\u5831\u544a\u66f8\u00d7<br>\u7814\u4fee\u300c\u8cbb\u7528\u300d<\/td>\n    <td style=\"background:rgb(220, 252, 231);padding:12px 16px;color:#1f2937;border-top:1px solid #e5e7eb;border-right:1px solid #e5e7eb;border-bottom:1px solid #e5e7eb;border-left:1px solid #e5e7eb;font-weight:normal;text-align:center;\">\u7fcc\u671f\uff08t+1\uff09\u306e\u307f\u3001<br>\u304b\u3064\u52b9\u679c\u306f\u305c\u3044\u5f31<\/td>\n  <\/tr>\n<\/table>\n\n\n\n<p class=\"has-text-align-center u-mt-0 has-small-font-size wp-block-paragraph\">\u793e\u5185\u306e\u696d\u7e3e\u8a55\u4fa1\u306f\u300c\u7814\u4fee\u6642\u9593\u300d\u3001\u5e02\u5834\u8a55\u4fa1\u306f\u300c\u7814\u4fee\u8cbb\u7528\u00d7\u60c5\u5831\u958b\u793a\u300d\u2015\u898b\u3066\u3044\u308b\u6307\u6a19\u3082\u6301\u7d9a\u671f\u9593\u3082\u7570\u306a\u308b<\/p>\n\n\n\n<p class=\"u-mt-30 wp-block-paragraph\">\u793e\u5185\u306e\u696d\u7e3e\u5f62\u6210\u3067\u306f\u300c\u7814\u4fee\u306b\u304b\u3051\u305f\u6642\u9593\u300d\u304c\u751f\u7523\u6027\u3092\u901a\u3058\u3066\u6709\u610f\u306a\u52b9\u679c\u3092\u3082\u305f\u3089\u3057\u3001\u8cc7\u672c\u5e02\u5834\u3067\u306f\u300c\u8cbb\u7528\u300d\u304c\u60c5\u5831\u958b\u793a\u3092\u4f34\u3063\u3066\u521d\u3081\u3066\u6295\u8cc7\u3068\u8a8d\u8b58\u3055\u308c\u308b\u2015\u4eba\u4e8b\u90e8\u9580\u306b\u306f\u3001\u3053\u306e2\u3064\u306e\u8a55\u4fa1\u8ef8\u3092\u540c\u6642\u306b\u610f\u8b58\u3057\u305f\u8a2d\u8a08\u304c\u6c42\u3081\u3089\u308c\u307e\u3059\u3002\u5b9f\u52d9\u3078\u306e\u793a\u5506\u3068\u3057\u3066\u3001\u4ee5\u4e0b\u306e\uff13\u70b9\u3092\u6319\u3052\u3066\u304a\u304d\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\uff11\uff0e\u7814\u4fee\u6295\u8cc7\u306eKPI\u306f\u300c\u91d1\u984d\u300d\u3067\u306f\u306a\u304f\u300c\u6642\u9593\u300d\u306b\u7f6e\u304f<\/strong><br>\u7d71\u8a08\u7684\u306b\u696d\u7e3e\u3078\u306e\u52b9\u679c\u304c\u78ba\u8a8d\u3055\u308c\u305f\u306e\u306f\u3001\u7814\u4fee\u306b\u304b\u3051\u3089\u308c\u305f\u6642\u9593\u3067\u3057\u305f\u3002\u4e88\u7b97\u306e\u591a\u5be1\u3084\u6d88\u5316\u984d\u3092\u8ffd\u3046\u306e\u3067\u306f\u306a\u304f\u3001\u300c\u4e00\u4eba\u5f53\u305f\u308a\u53d7\u8b1b\u6642\u9593\u300d\u3092\u7ba1\u7406\u6307\u6a19\u306b\u3059\u308b\u65b9\u304c\u3001\u696d\u7e3e\u3068\u306e\u95a2\u9023\u3092\u3088\u308a\u9069\u5207\u306b\u8aac\u660e\u3067\u304d\u308b\u3068\u8003\u3048\u3089\u308c\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\uff12\uff0e\u7d71\u5408\u5831\u544a\u66f8\u306f\u300c\u767a\u884c\u3057\u305f\u300d\u3067\u6e80\u8db3\u3057\u306a\u3044<\/strong><br>\u767a\u884c\u306e\u6709\u7121\u3068\u3044\u3046\u5f62\u5f0f\u7684\u306a\u958b\u793a\u3067\u306f\u3001\u5e02\u5834\u8a55\u4fa1\u3092\u6301\u7d9a\u7684\u306b\u652f\u3048\u308b\u3053\u3068\u306f\u3067\u304d\u307e\u305b\u3093\u3002\u7814\u4fee\u306e\u5185\u5bb9\u30fb\u5bfe\u8c61\u30fb\u6210\u679c\u3092\u5177\u4f53\u7684\u306a\u6570\u5024\u3067\u793a\u3059\u300c\u8cea\u300d\u3092\u91cd\u8996\u3057\u305f\u958b\u793a\u306b\u8e0f\u307f\u8fbc\u3080\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\uff13\uff0e\u6295\u8cc7\u5bb6\u5bfe\u8a71\u3067\u306f\u3001\u751f\u7523\u6027KPI\uff08\u4e00\u4eba\u5f53\u305f\u308a\u7c97\u5229\u306a\u3069\uff09\u3092\u540c\u6642\u306b\u63d0\u793a\u3059\u308b<\/strong><br>\u7814\u4fee\u8cbb\u7528\u306e\u8aac\u660e\u3060\u3051\u3067\u306a\u304f\u3001\u305d\u308c\u304c\u751f\u7523\u6027\u306b\u3069\u3046\u7d50\u3073\u3064\u3044\u3066\u3044\u308b\u304b\u3092\u4f75\u305b\u3066\u793a\u3059\u3053\u3068\u3067\u3001\u6295\u8cc7\u3068\u3057\u3066\u306e\u8aac\u5f97\u529b\u304c\u5411\u4e0a\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<p 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