企業価値重視、効率化経営の時代到来へ

Size: px
Start display at page:

Download "企業価値重視、効率化経営の時代到来へ"

Transcription

1 The Era of Emphasis on Corporate Economic Value and Management Efficiency. IGARSHIMasao Nihon University, Graduate School of Social and Cultural Studies The Japanese businesses used to set management goals on attaining a certain rate of increase in sales or increasing the share in the domestic industry, but they have finally begun to place emphasis on return on equity (ROE), which is an indicator of how efficiently shareholders equity is being used. Calls for more rigorous corporate governance from domestic and foreign institutional investors are behind this shift. The new trend is expected to accelerate innovations in the Japanese companies management system as well as in management control measures. In fact, high-growth companies have been adopting economic value added (EVA) or market value added (MVA) as their management benchmarks in increasing numbers. PERROEEVAMVA 1 1

2 2

3 Price Asset Ratio (Price Earning Ratio- ) Dividend Return on Assets- Yield Return on Equity- 3

4 4

5 5

6 2 6

7 7

8 8

9 Economic Value Added- 9

10 3 EVA Market Value Added- 10

11 3/96 3/97 3/98 3/99 3/00 3/01 3/02 3/03 3/04 3/05 3/06 (3/013/06) , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,454 9,386 12,555 10,034 12,597 4,830 7,569 10,437 12,679 14,291 13, ,200 2,000 3,000 4,000 5,000 6,000 6, ,000 1,350 1,600 1,750 1,800 1, ,693 1,093 1,475 1,748 1,912 1,967 1,967 5,489 9,643 13,053 11,016 14,290 5,923 9,044 12,185 14,592 16,258 15,252 11

12 EVA 2000 EVA Erich A. Helfert, Techniques for Financial Analysis (Second Edition), Irwin 1997 ( ) 2 P 3 Price Cash-flow Ratio 12

A Message From President 2

A Message From President 2 A Message From President 2 Top Information 3 Top Information 4 A View Point 5 Annual Report 2 Financial Highlight 7, 5, 12, 6, 5, 4, 3, 2, 1, 4, 3, 2, 1, 1, 8, 6, 4, 2, 6 5, 2, 8 4, 1,5 6 3, 2, 1, 1, 5

More information

11.6 8.6 11.9 12.0 8.3 8.9 18.1 4.6 0.2 6.1 0.2 89.5 0.1 4.6 0.2 6.1 0.2 2.2 0.1 2.7 0.0 9.21.2 2.1 1.1 3.6 0.8 18 89.5 0.1 10 9.8 0.8 4 42.71.5 18.4 0.1 15.2 0.4 95.9 0.1 94.6 0.1 98.3 0.0 97.5 0.1

More information

昭和恐慌期における長野県下農業・農村と産業組合の展開過程

昭和恐慌期における長野県下農業・農村と産業組合の展開過程 No. 3, 169-180 (2002) The Family in Modern Japan: its Past, Present and Future An Essay at Restoring Love as the Basis of Family Ties YAMANE Naoko Nihon University, Graduate School of Social and Cultural

More information

銀行の不良債権問題と資本市場の経営監視機能 鹿野嘉昭

銀行の不良債権問題と資本市場の経営監視機能 鹿野嘉昭 509 65 1 1980 1990 2000 5 2005 66 510 58 4 1999 2002 1980 1986 3 1998 3 2 3 4 511 67 2 2. 1 1985 10 1980 1980 1989 5 1990 8 6 1990 3 1990 1991 68 512 58 4 2. 2 2002 1986 1990 1991 1994 1980 1990 513 69

More information

634 (2)

634 (2) No.7, 633-644 (2006) Regime of Information Control and Its Collapse in North Korea MIYATA Atsushi Nihon University, Graduate School of Social and Cultural Studies Recently, there are cracks being formed

More information

21世紀紀要12号.indb

21世紀紀要12号.indb FUKUDA Hideto 1970 1971 1973 3 1946 49 1990 1972 12 100 5 10 2 40 2012 10 3,600 1 H.I.S. 2 40 30 3 10 DP TP B IBM 2 P G 2 4 B 5 IESE 6 2 2 1 2 1 SONY 1980 7 2008 2 1 1 2 3 3 4 3 2 2 M 10 N 7 10 7 100 49

More information

Phonetic Perception and Phonemic Percepition

Phonetic Perception and Phonemic Percepition No.7, 587-598 (2006) The Historical and Social Significance of Foreign Brides in the Uonuma Region of Niigata Prefecture (1) TAKEDA Satoko Nihon University, Graduate School of Social and Cultural Studies

More information

わが国証券市場、証券業界の戦後70年

わが国証券市場、証券業界の戦後70年 I 70 Kiyoshi Nikami / / 1 70 2 2 3 4 70 1 1987 1990 2 072 2015 winter / No.406 5 II 4 4 3 18 Loan Contractor 3 2011 6 391 2012 spring 70 073 4 4 originating Manager 4 M.H. 1965 6 1987 12 074 2015 winter

More information

2 33,**. + : +/* /++** +/* /++** +/* /++** /** /** F+ +*** F+ +*** / 1*42.,43 /14+,*42 /, , 134,.,43 / 0-41,*42.4, -/41,*43,34,,+4. +

2 33,**. + : +/* /++** +/* /++** +/* /++** /** /** F+ +*** F+ +*** / 1*42.,43 /14+,*42 /, , 134,.,43 / 0-41,*42.4, -/41,*43,34,,+4. + 1 BSE *,**+ 3 BSE,**- +23,2 + +,3 3+,**, * 2 33,**. + : +/* /++** +/* /++** +/* /++** /** /** F+ +*** F+ +*** / 1*42.,43 /14+,*42 /,341 24-14+ 24- +-4, 134,.,43 / 0-41,*42.4, -/41,*43,34,,+4. +/4../42,240

More information

電子マネーと通信産業の戦略

電子マネーと通信産業の戦略 No.7, 55-65 (2006) Vision of Electronic Money Card Distribution Plans in Japan - Discussion of the and Credit Card Distribution Plans - OSHIMA Kazuchika Nihon University, Graduate School of Social and

More information

人文地理62巻4号

人文地理62巻4号 4 4 4 4 4 4 An Examination of the Agglomeration Economies Reinforcing Creativity in the Cultural Industry HANZAWA Seiji Meiji Gakuin University The recent rise of the cultural industry, resulting

More information

No.7, (2006) 2 Electronic Funds Transfer as the Foundation of the Monetary Value of Electronic Money - A Study on the JBA 1 Integrated Circuit

No.7, (2006) 2 Electronic Funds Transfer as the Foundation of the Monetary Value of Electronic Money - A Study on the JBA 1 Integrated Circuit No.7,321-332 (2006) 2 Electronic Funds Transfer as the Foundation of the Monetary Value of Electronic Money - A Study on the JBA 1 Integrated Circuit Cash Card Standard Specifications (Second Edition)

More information

840 Geographical Review of Japan 73A-12 835-854 2000 The Mechanism of Household Reproduction in the Fishing Community on Oro Island Masakazu YAMAUCHI (Graduate Student, Tokyo University) This

More information

<95DB8C9288E397C389C88A E696E6462>

<95DB8C9288E397C389C88A E696E6462> 2011 Vol.60 No.2 p.138 147 Performance of the Japanese long-term care benefit: An International comparison based on OECD health data Mie MORIKAWA[1] Takako TSUTSUI[2] [1]National Institute of Public Health,

More information

⑥中村 哲也(他).indd

⑥中村 哲也(他).indd An Evaluation of Exporting Nikkori Pear and Tochiotome Strawberry by Foreign Consumers as a result of survey in Hong Kong and Bangkok Tetsuya NAKAMURA Atsushi MARUYAMA Yuki YANO 4 7 8 7 8 Abstract This

More information

〈論文〉組織改革の成果に関する予備的調査--社内カンパニー制導入が財務的業績に与える影響

〈論文〉組織改革の成果に関する予備的調査--社内カンパニー制導入が財務的業績に与える影響 Abstract Under the pressure of 10-year long economic decline, Japanese firms are struggling to improve their profitability. As one of the ways to do it, Japanese large firms have begun to reorganize their

More information

6) 7) MBO management buy-out 2 necessity sufficiency ) 21

6) 7) MBO management buy-out 2 necessity sufficiency ) 21 1) 1997 15 02 03 751 1998 8 9 04 1996 16.1% 17.5% 26.9% 64.9% 63.3% 48.9% 2) 02 54.8% 59.0% 61.8% 78.6% 46.5% 1996 17.8% 19.9% 18.7% 42% 11.9% 3) 4) 01 3 1 3 2 03 04 1 TCL 5) Vol. 52, No. 4, October 06

More information

わが国のコモディティ投資信託とETF

わが国のコモディティ投資信託とETF I ETF Nobuyoshi Yamori / 1990 IT 15 55% 1990 1 1 2 1 1 1 2007 5 034 2011 winter / No.390 2 19992007 7 50802008 1 122010 3 8 2011 [2009] 1 20 12.5 8.9 78.6 1290 7.9 4.3 87.8 815 5.2 4.2 90.5 537 21 2 2007

More information

⑤香取 徹.indd

⑤香取 徹.indd 77 割引現在価値モデルの理論と有効性 Theory and Efficiency of Discounted Present Value Model Toru Katori FCF EVA FCF EVA RI 1 はじめに 1980 Free Cash Flow: FCF Copeland et. Al 19901990 Economic Value Added: EVA Stewart 1991

More information

untitled

untitled Bloomberg ARES Price Book-value Ratio J BA A * 201226 20 2241214 1 J 25 90 90 () 15 10090 10090 () 147 A A B B A A B B A A B ToSTNet 2 2-3 2 4-6 191 9 192 11 1 p16 H20.12 H20.11 H20.10 H20.3 H19.11

More information

FINANCIAL FACT BOOK 2002 CONTENTS CONTENTS Sales Data Net Sales Sales Composition Sales by Region Profit Data Cost Composition & Operating Income/Net

FINANCIAL FACT BOOK 2002 CONTENTS CONTENTS Sales Data Net Sales Sales Composition Sales by Region Profit Data Cost Composition & Operating Income/Net FINANCIAL FACT BOOK 2002 FINANCIAL FACT BOOK 2002 CONTENTS CONTENTS Sales Data Net Sales Sales Composition Sales by Region Profit Data Cost Composition & Operating Income/Net Sales Gross Profit Margin

More information

16

16 Empirical Analysis of the Efficiency of the Broadcasting Industry: Verification of Regionalism and a Proposal ABSTRACT Reforms in the broadcasting industry have recently been discussed and proposed, and

More information

A Message From President 2 Kanamoto examiner vo.18

A Message From President 2 Kanamoto examiner vo.18 vol.18 2000.11.1 2001.10.31 contents A Message From President News Headline Report & Interview Annual Report 2001 At A Glance 2 3 4 6 14 Corporate Data Stock Price Range And Volume Investor Information

More information

MRI | 所報 | 分権経営の進展下におけるグループ・マネジメント

MRI  | 所報 | 分権経営の進展下におけるグループ・マネジメント JOURNAL OF MITSUBISHI RESEARCH INSTITUTE No. 35 1999 (03)3277-0003 FAX (03)3277-0520 E-mailprd@mri.co.jp 76 Research Paper Group Management in the Development of Decentralized Management Satoshi Komatsubara,

More information

論文08.indd

論文08.indd * 1 はじめに,, TOPIX TOPIX, TOPIX TOPIX Shelor Anderson and Cross C Japan Society of Monetary Economics 図 1 東日本大震災前後の株価 (TOPIX) の推移 1,000 950 900 850 800 750 700 図 2 阪神大震災前後の株価 (TOPIX) の推移 1,650 1,550 1,450

More information

Financial Reporting Standard 17 FRS17 FAS87 87 Financial Accounting Standard 87 FAS87 International Accounting Standard Board IASB 19 Internat

Financial Reporting Standard 17 FRS17 FAS87 87 Financial Accounting Standard 87 FAS87 International Accounting Standard Board IASB 19 Internat No,25-36(2005) Two Changes in Accounting Principles of Pension Plans British, or Americanthat is the question Masaharu Usuki Nihon University, Graduate School of Social and Cultural School, and NLI Research

More information

’ÓŠ¹/‰´„û

’ÓŠ¹/‰´„û Core Ethics Vol. transition from school to work [][] [] Core Ethics Vol. [], pp.- [], p. [a], p.ojt OJT. [] OJT [] [] [], p. OJTOffJTp. [] p. [], pp.- [] [] [] [] [a] [], p. Core Ethics Vol. [], p. []

More information

206“ƒŁ\”ƒ-fl_“H„¤‰ZŁñ

206“ƒŁ\”ƒ-fl_“H„¤‰ZŁñ 105 206 105 117 2007 105 3 LCC 110 106 LCC 111 106 1 111 107 2 112 1 107 3 114 2 108 115 109 115 1 LCC 110 Summary 117 2 110 2005 3 LCC 19 3 6 LCC LCC LCC 1.0 2 3, 1997 B/C Cost Benefit Ratio 1997 NPV

More information

「リストラ中高年」の行方

「リストラ中高年」の行方 ESRI Discussion Paper Series No.10 by February 2002 Economic and Social Research Institute Cabinet Office Tokyo, Japan 1 ESRI 2 ABSTRACT * In this paper, based on the Employment Trend Survey in 2000 and

More information

- June 0 0

- June 0 0 0 0 0 0 0 0 0 0 - June 0 0 0 - June 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 - June 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Yes 0 0 0 0 0 0 0 0 0 0 0 0 0 A 0

More information

Sport and the Media: The Close Relationship between Sport and Broadcasting SUDO, Haruo1) Abstract This report tries to demonstrate the relationship be

Sport and the Media: The Close Relationship between Sport and Broadcasting SUDO, Haruo1) Abstract This report tries to demonstrate the relationship be Sport and the Media: The Close Relationship between Sport and Broadcasting SUDO, Haruo1) Abstract This report tries to demonstrate the relationship between broadcasting and sport (major sport and professional

More information

NRI 4500 4500 2 4,500 1 4500 1 1 9 2005 1 29,161,100 145,806 3 2 3 10 8,736,663 87,367 2 99,938,239 74,954 5 10 3 5 7,944,577 47,667 4,085,836 30,644

NRI 4500 4500 2 4,500 1 4500 1 1 9 2005 1 29,161,100 145,806 3 2 3 10 8,736,663 87,367 2 99,938,239 74,954 5 10 3 5 7,944,577 47,667 4,085,836 30,644 No.8, 113-124 (2007) The Present and the Future of Mileage Points in Business Currencies YASUOKA Hiromichi Nihon University, Graduate School of Social and Cultural Stadies Mileage points and electronic

More information

大学論集第42号本文.indb

大学論集第42号本文.indb 42 2010 2011 3 279 295 COSO 281 COSO 1990 1 internal control 1 19962007, Internal Control Integrated Framework COSO COSO 282 42 2 2) the Committee of Sponsoring Organizations of the Treadway committee

More information

揃 24 1681 0 20 40 60 80 100 0 21 42 63 84 Lag [hour] Lag [day] 35

揃 24 1681 0 20 40 60 80 100 0 21 42 63 84 Lag [hour] Lag [day] 35 Forecasting Model for Electricity Consumption in Residential House Based on Time Series Analysis * ** *** Shuhei Kondo Nobayasi Masamori Shuichi Hokoi ( 2015 7 3 2015 12 11 ) After the experience of electric

More information

untitled

untitled 総研大文化科学研究第 6 号 (2010) 65 ... 66 佐貫 丘浅次郎の 進化論講話 における変化の構造 67 68 佐貫丘浅次郎の 進化論講話 における変化の構造 69 E 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 70 佐貫 丘浅次郎の 進化論講話 における変化の構造 71 72 佐貫丘浅次郎の 進化論講話 における変化の構造 73 74 佐貫丘浅次郎の 進化論講話

More information

,

, , The Big Change of Life Insurance Companies in Japan Hisayoshi TAKEDA Although the most important role of the life insurance system is to secure economic life of the insureds and their

More information

12 4 1 13 3 5 6 1 3 5 7 1 1 5 14 8 15 9 4 16 10 11 150

12 4 1 13 3 5 6 1 3 5 7 1 1 5 14 8 15 9 4 16 10 11 150 No.8, 149-160 (2007) The Story of Creation in the Bible and the Kojiki MATSUMOTO Keiko Nihon University, Graduate School of Social and Cultural Studies It appears that the worldviews evident in Shinto,

More information

グローバル化時代における日本の労働市場と留学生をめぐる考察

グローバル化時代における日本の労働市場と留学生をめぐる考察 No.7, 77-88 (2006) Transition of the Roles of Japan s International Education Policy -From Foreign Aid to Global Citizenship- TAKEDA Satoko Nihon University, Graduate School of Social and Cultural Studies

More information

FC741E2_091201

FC741E2_091201 T101-1587-04 1 2 2 0 0 9 2 0 0 8 0 9 0 1 0 5 0 9 1 4 0 5 1 0 5 5 1 2 3 4 4 5 6 7 8 9 1 2 3 0 3 3 0 2 1 1 5 0 1 3 3 3 0 2 0 3 0 3 4 0 9 1 1 0 9 0 9 1 1 5

More information

No.8, (2007) Global Strategies of Tire Manufacturers for the Growing Economies of Eastern European and Latin American Countries USHIYAMA Yukio

No.8, (2007) Global Strategies of Tire Manufacturers for the Growing Economies of Eastern European and Latin American Countries USHIYAMA Yukio No.8, 241-252 (2007) Global Strategies of Tire Manufacturers for the Growing Economies of Eastern European and Latin American Countries USHIYAMA Yukio Nihon University, Graduate School of Social and Cultural

More information

雇用不安時代における女性の高学歴化と結婚タイミング-JGSSデータによる検証-

雇用不安時代における女性の高学歴化と結婚タイミング-JGSSデータによる検証- 日 本 版 General Social Surveys 研 究 論 文 集 [6] JGSS で 見 た 日 本 人 の 意 識 と 行 動 JGSS Research Series No.3 JGSS Women s Higher Education and Marriage Timing in an era of employment uncertainty Yuko NOZAKI Graduate

More information

No. 22 March 2014 The Sericultural Industry and Agricultural Associations in Northeast China in 1930 s Ryuichi Tanaka The article studies the policy of sericultural industries and the actual situation

More information

Mizuho Industry Focus Vol

Mizuho Industry Focus Vol 2013 3 29 Vol. 126 itaru.kitahira@mizuho-cb.com kenichiro.kakizawa@mizuho-cb.co.jp 225 8 3 1 IR 2012 12 225 204 8 3 10 2 3 3 1 225 67% 63% 30% 31% 225204 20131159 DERDebt/EBITDADebt 37% 32% 24% 18% 18%

More information

The Japanese Journal of Experimental Social Psychology. 2003, Vol. 42, No. 2, 146-165 Discoursive Strategy for the Commitment to Adoption with Infants Who Had Been Reared at Residential

More information

2001 2001 1999 2001 2.1 2001 2002 124

2001 2001 1999 2001 2.1 2001 2002 124 123 133 2002 The Influence of Investing Securities and Retirement Allowance on Stock Market Valuation Yasuo HOSHINO, Institute of Policy and Planning Sciences, University of Tsukuba Kenji HAYASHI, Graduate

More information

関西における地域銀行について

関西における地域銀行について I Yasuharu Suzuki / 1990 1 23 3 2011 6 10 105 106 2011 10 3 2 1951 3 6 204 2011 winter / No.390 II 1 63 42 105 1 2011 9 105 2 2 5 2 1 1872 153 3 20 1893 1949 1954 12 6 7 9 8 4 4 1,420 1926186 1941 194561

More information

OECD Benartzi and Thaler Brown et al. Mottla and Utkus Rooiji et al. Atkinson et al. MacFarland et al. Elton et al. Tang et al. Benartzi and Thaler Br

OECD Benartzi and Thaler Brown et al. Mottla and Utkus Rooiji et al. Atkinson et al. MacFarland et al. Elton et al. Tang et al. Benartzi and Thaler Br IFRS. OECD Benartzi and Thaler Brown et al. Mottla and Utkus Rooiji et al. Atkinson et al. MacFarland et al. Elton et al. Tang et al. Benartzi and Thaler Brown et al. /n Benartzi and Thaler n /n Benartzi

More information

Title < 論文 > 公立学校における在日韓国 朝鮮人教育の位置に関する社会学的考察 : 大阪と京都における 民族学級 の事例から Author(s) 金, 兌恩 Citation 京都社会学年報 : KJS = Kyoto journal of so 14: 21-41 Issue Date 2006-12-25 URL http://hdl.handle.net/2433/192679 Right

More information

ABSTRACT The Social Function of Boys' Secondary Schools in Modern Japan: From the Perspectives of Repeating and Withdrawal TERASAKI, Satomi (Graduate School, Ochanomizu University) 1-4-29-13-212, Miyamaedaira,

More information

A5 PDF.pwd

A5 PDF.pwd Kwansei Gakuin University Rep Title 日 本 版 不 動 産 投 資 信 託 ( J-REIT) における 利 益 相 反 問 題 Author(s) Kojima, Koji, 児 島, 幸 治 Citation 商 学 論 究, 63(3): 359-375 Issue Date 2016-03-10 URL http://hdl.handle.net/10236/14192

More information

生活設計とパーソナル・ファイナンスに関する一視点*

生活設計とパーソナル・ファイナンスに関する一視点* NAOSITE: Nagasaki University's Ac Title 生 活 設 計 とパーソナル ファイナンスに 関 する 一 視 点 * Author(s) 内 田, 滋 Citation 経 済 学 部 研 究 年 報, 17, pp.59-74; 2001 Issue Date 2001-01-22 URL http://hdl.handle.net/10069/26204 Right

More information

IMF World Economic Outlook, April GDP GDP.,,,,,..,.

IMF World Economic Outlook, April GDP GDP.,,,,,..,. The Strategies of Three Japanese Companies in Chinese Market: From the Viewpoint of Dilemma of Emerging Markets Strategy and its Resolution MORI, Masaki Chinese market is now a growing and attractive market

More information

139 ( )

139 ( ) No.6, 138-149 (2005) A Study of Ivan Illich s Criticism on "Needs" A Consideration on the Advocacy of "Reconstruction of Conviviality" KATAOKA Kimihiro Nihon University, Graduate School of Social and Cultural

More information

Vol.57 No

Vol.57 No Title 合併と企業統治 : 大正期東洋紡と大日本紡の比較 Author(s) 川井, 充 Citation 大阪大学経済学. 57(3) P.38-P.72 Issue 2007-12 Date Text Version publisher URL http://hdl.handle.net/11094/17848 DOI Rights Osaka University Vol.57 No.3

More information

ï\éÜA4*

ï\éÜA4* Feature Article Imaging of minuscule amounts of chemicals, Scannimg Chemical Microscope --- Increasing analysis information through imaging --- Abstract We have developed a Scanning Chemical Microscope

More information

要約

要約 No.7, 563-574 (2006) A Consideration of the Goodyear Tire & Rubber Company Global Strategies and Valuation of These Strategies USHIYAMA Yukio Nihon University, Graduate School of Social and Cultural Studies

More information

かみだし.indd

かみだし.indd 1549 1865 14 1867 1 2 3 4 1874 5 15 6 7 1630 80 76 8 9 10 11 16 12 13 14 19 15 1891 23 16 1910 17 18 17 19 1987 25% 78% 2000 NHK 80 90 65% 70% 20 21 1978 22 23 24 18 David Reid 25 1986 43% 25% 26 3 27

More information

09[161-181]鶴岡(責).indd

09[161-181]鶴岡(責).indd Japanese Food Service Industry: Its Business in Asia TSURUOKA Tomoyuki The domestic market for the food service industry in Japan has been stagnated since 1997. It seems difficult to boast sales and profits

More information

HP 76

HP 76 Sanno University Bulletin Vol.26 No. 1 September 2005 A Study on Discontinuing Service by the Government Housing Loan Corporation and the Activation of the Japanese Housing Loan Market Retail sections

More information

PBO 2000~ PBO Funded Ratio - 12/31/93 to Present 140% 130% 120% 110% 100% 90% 82.6% as of 7/31/ % 70% 81.6% as of YE % 1993

PBO 2000~ PBO Funded Ratio - 12/31/93 to Present 140% 130% 120% 110% 100% 90% 82.6% as of 7/31/ % 70% 81.6% as of YE % 1993 2004 PBO 2000~2002 3 10 1990 PBO Funded Ratio - 12/31/93 to Present 140% 130% 120% 110% 100% 90% 82.6% as of 7/31/2004 80% 70% 81.6% as of YE 1993 60% 199312 199412 199512 199612 199712 199812 199912 200012

More information

キャッシュ・フロー経営とキャッシュ・フロー計算書

キャッシュ・フロー経営とキャッシュ・フロー計算書 No.26 2003 3 Abstract The cash flow taken seriously in the cash flow management is free cash flow. It becomes the purpose of that management that free cash flow will be maximized in the future. The result

More information

学位研究17号

学位研究17号 1715 3 The Student Transfer and the Articulation System in Chinese Higher Education HUANG Meiying Research in Academic Degrees, No. 17 March, 2003the article The Journal on Academic Degrees of National

More information

昭和恐慌期における長野県下農業・農村と産業組合の展開過程

昭和恐慌期における長野県下農業・農村と産業組合の展開過程 No. 3, 84-95 (2002) A Study of The Development of The Russian Navy Ships An Inspection of The Role of The Russian Navy KUBO Masatoshi Nihon University, Graduate School of Social and Cultural Studies This

More information

Core Ethics Vol.

Core Ethics Vol. Core Ethics Vol. < > Core Ethics Vol. ( ) ( ) < > < > < > < > < > < > ( ) < > ( ) < > - ( ) < > < > < > < > < > < > < > < > ( ) Core Ethics Vol. ( ) ( ) ( ) < > ( ) < > ( ) < > ( ) < >

More information

WASEDA RILAS JOURNAL : :

WASEDA RILAS JOURNAL : : WASEDA RILAS JOURNAL NO. 2 (2014. 10) The Usefulness and Potential Capability of Kushiro Local Archives for Scientific Studies: A Bridge of a Coal Mine as Substance and Memory Naoko SHIMAZAKI This paper

More information

...

... - ... Doeringer & Piore - Doeringer & Piore Doeringer & Piore Doeringer & Piore - single sheet range sheet % % % ( ) , a b SGCIME Doeringer,P.B. & M. Piore Internal Labor Markets and Manpower

More information

クレジットカードの利用に関する一考察―JGSS-2005の分析から―

クレジットカードの利用に関する一考察―JGSS-2005の分析から― 日本版 General Social Surveys 研究論文集 [6] JGSS で見た日本人の意識と行動 JGSS Research Series No.3 JGSS-2005 A Study of the use of credit cards: From the Data of JGSS-2005 Yoko MATSUZAWA Graduate School of Letters Kyoto

More information

Transformatiabn of the recipe knowledge on the Childbirth and Child-Rearing Rituals in Uygur Xinjiang China Hkko Sakamoto This paper is an ethnographic report on the childbirth and child-rearing rituals

More information

43 38 2000 6 1980 2004 8 24 2 8 26 9 2

43 38 2000 6 1980 2004 8 24 2 8 26 9 2 No.6, 42-53 (2005) One peculiar aspect of the military in North Korea MIYATA Atsushi Nihon University, Graduate school of Social and Cultural Studies North Korea is well-known for having one of the largest

More information

29 Short-time prediction of time series data for binary option trade

29 Short-time prediction of time series data for binary option trade 29 Short-time prediction of time series data for binary option trade 1180365 2018 2 28 RSI(Relative Strength Index) 3 USD/JPY 1 2001 1 2 4 10 2017 12 29 17 00 1 high low i Abstract Short-time prediction

More information

,, 2024 2024 Web ,, ID ID. ID. ID. ID. must ID. ID. . ... BETWEENNo., - ESPNo. Works Impact of the Recruitment System of New Graduates as Temporary Staff on Transition from College to Work Naoyuki

More information

企業の信頼性を通じたブランド構築に関する考察

企業の信頼性を通じたブランド構築に関する考察 Abstract The importance of the relationship management came to be said. The essence of relationship is a relation based on the shinrai of each other, and the base to build a more long-term relation to

More information

ユーザーズマニュアル

ユーザーズマニュアル 1 2 3 4 This product (including software) is designed under Japanese domestic specifications and does not conform to overseas standards. NEC *1 will not be held responsible for any consequences resulting

More information

...v..&.{..&....

...v..&.{..&.... 8 pp.- 2006 * h ** *** An empirical analysis on the efficiency of the M&A among the non-financial companies based on DEA Hidetoshi KOKUBO*, Koichi MIYAZAKI**, Tomohiko TAKAHASHI*** Abstract Using DEA (Data

More information

An Aspect of Development in Clothing Education in Japan (Part 2) The Method of Teaching Sewing in the Meiji Era ( 2 ) Tetsuko HIGUCHI 1. Following Part 1, here I have analyzed and discussed some characteristic

More information

橡計画0.PDF

橡計画0.PDF 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 120. ( ) 620 250 29 30 31 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 Return on Risk Assets 57 58

More information

IPSJ SIG Technical Report Vol.2014-EIP-63 No /2/21 1,a) Wi-Fi Probe Request MAC MAC Probe Request MAC A dynamic ads control based on tra

IPSJ SIG Technical Report Vol.2014-EIP-63 No /2/21 1,a) Wi-Fi Probe Request MAC MAC Probe Request MAC A dynamic ads control based on tra 1,a) 1 1 2 1 Wi-Fi Probe Request MAC MAC Probe Request MAC A dynamic ads control based on traffic Abstract: The equipment with Wi-Fi communication function such as a smart phone which are send on a regular

More information

bosai-2002.dvi

bosai-2002.dvi 45 B-2 14 4 Annuals of Disas. Prev. Res. Inst., Kyoto Univ., No. 45 B-2, 22 5 m 5 m :,,, 1. 2. 2.1 27 km 2 187 km 2 14 % 77 % 47 7, 9 2, 54 6 7, 9 16, 57 8 1, 9 47 2 1 57 5 2.2 45 2 Fig. 1 2 2.3 Fig. 2

More information

Core Ethics Vol. -

Core Ethics Vol. - Core Ethics Vol. - Core Ethics Vol. - Core Ethics Vol. % NICU - Core Ethics Vol. - - - - Core Ethics Vol. - NICU NICU NICU NICU http://www.arsvi.com/d/i.htm -. http://www.normanet.ne.jp/~ww/,,.,,, -.

More information

仏大 総合研究所・紀要21号☆/1.大藪

仏大 総合研究所・紀要21号☆/1.大藪 PFI Private Finance InitiativeNPM New Public Management NPM NPM New Public Management PPP Public Private Partnership NPM OECD Citizen s Charter ICT performance PPP Public Private Partnership NPM New Public

More information

212013pp. 1 13 2 1 4 1980 1987 74.91997 70.12007 2014 1 31 1 64.4201161.8 1 2 3 1 3 2 4 3 2006 5 1 2 6 2 25.6 7 23.11 4.1 3.4 2 12.4 9.7 3.8 5.9 50.0 81.8 75.060.0 95.070.0 65.0 25.6 23.1 4.1 3.4 2006

More information

Y-...W

Y-...W 259 21 1 1 2003 2 1 2 1 15 22 260 56 3 2 2. 1 2. 2 2. 3 2. 4 3 3. 1 3. 2 4 2 2. 1 1965 1999 2 Brick, Frierman, and Kim 1998 Choate 1997Fischer, Heinkel, and Zechner 1989 Gilson 1997 Mauer and Triantis

More information

KII, Masanobu Vol.7 No Spring

KII, Masanobu Vol.7 No Spring KII, Masanobu 1 2 3 4 5 2 2.1 1945 60196075 19759019904 002 Vol.7 No.1 2004 Spring 1194560 1 1946 2 195328 3 4 1958 1960 2196075 5 6 7 8 1946 2 1972 1/23/4 1974 1968481973 1969 3197590 9 1980 1987 41990

More information

2 1898 1912 ( ) 1999 7 3 1912 1920 10 1930 4 1920-1929 10 6303 1 40 40 1,600 1 000 1983 8 2004 4 1212 4 2000 (6 ) (3 ) (2 ) 4 13 4 1890-1899 285

2 1898 1912 ( ) 1999 7 3 1912 1920 10 1930 4 1920-1929 10 6303 1 40 40 1,600 1 000 1983 8 2004 4 1212 4 2000 (6 ) (3 ) (2 ) 4 13 4 1890-1899 285 No.5, 284-295 (2004) A Study of Communication Gap between Japan China The view of a Chinese Intellectual, Liang Qi-chao, toward Japan YAMAMOTO Tadashi Nihon University, Graduate School of Social and Cultural

More information

_念3)医療2009_夏.indd

_念3)医療2009_夏.indd Evaluation of the Social Benefits of the Regional Medical System Based on Land Price Information -A Hedonic Valuation of the Sense of Relief Provided by Health Care Facilities- Takuma Sugahara Ph.D. Abstract

More information

日中間のコミュニケーション・ギャップ考(1)

日中間のコミュニケーション・ギャップ考(1) No. 4, 280-291 (2003) A Study of "Communication Gap" between Japan and China Analyzed Japanese scholars' studies regarding "anti-japanese textbook" in China YAMAMOTO Tadashi Nihon University, Graduate

More information

The social image of Muay Thai in Thailand Hishida yoshifumi Abstract Muay Thai is a martial art which is a root of Japanese Kick Boxing and K-1. It has become a famous sport among Thai as a martial art.

More information

1 2 1 2012 39 1964 1997 1 p. 65 1 88 2 1 2 2 1 2 5 3 2 1 89 1 2012 Frantzen & Magnan 2005 2010 6 N2 2014 3 3.1 2015 2009 1 2 3 2 90 2 3 2 B1 B1 1 2 1 2 1 2 1 3.2 1 2014 2015 2 2 2014 2015 9 4.1 91 1 2

More information

GNH Gross National Happiness Criteria living standard cultural diversity emotional well being health education time use eco-system community vitality

GNH Gross National Happiness Criteria living standard cultural diversity emotional well being health education time use eco-system community vitality GNH Gross National Happiness Criteria living standard cultural diversity emotional well being health education time use eco-system community vitality good governance Dimensions and Indicators of GNH The

More information

„h‹¤.05.07

„h‹¤.05.07 Japanese Civilian Control in the Cold War Era Takeo MIYAMOTO In European and American democratic countries, the predominance of politics over military, i.e. civilian control, has been assumed as an axiom.

More information