{
 "schema_version": 1,
 "id": "4621-20230809",
 "type": "MBO",
 "status": "completed",
 "announced_date": "2023-08-09",
 "target": {
  "edinet_code": "E00907",
  "sec_code": "4621",
  "name": "ロックペイント株式会社",
  "name_en": "Rock Paint Co., Ltd.",
  "industry": "内国法人・組合（有価証券報告書等の提出義務者以外）",
  "industry_en": null
 },
 "acquirer": {
  "edinet_code": "E38889",
  "sec_code": null,
  "name": "辻商事株式会社",
  "name_en": "Tsuji Shoji Co., Ltd.",
  "industry": "内国法人・組合（有価証券報告書等の提出義務者以外）",
  "industry_en": null
 },
 "anchor_doc_id": "S100RLWJ",
 "needs_review": false,
 "review_reason": null,
 "terms": {
  "tender_price": {
   "history": [
    {
     "value": 1415,
     "unit": "yen",
     "as_of_date": null,
     "source": {
      "doc_id": "S100RLWJ",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100RLWJ.pdf",
      "submitted": "2023-08-09",
      "quote": "最終的に2023年８月８日に本公開買付価格を1,415円とすることを決定いたしました"
     }
    }
   ],
   "latest": {
    "value": 1415,
    "unit": "yen",
    "as_of_date": null,
    "source": {
     "doc_id": "S100RLWJ",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100RLWJ.pdf",
     "submitted": "2023-08-09",
     "quote": "最終的に2023年８月８日に本公開買付価格を1,415円とすることを決定いたしました"
    }
   }
  },
  "min_shares": {
   "history": [
    {
     "value": 1585900,
     "unit": "shares",
     "as_of_date": null,
     "source": {
      "doc_id": "S100RLWJ",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100RLWJ.pdf",
      "submitted": "2023-08-09",
      "quote": "公開買付者は、本公開買付けにおいて1,585,900株（所有割合：8.25％）を買付予定数の下限として設定しており"
     }
    }
   ],
   "latest": {
    "value": 1585900,
    "unit": "shares",
    "as_of_date": null,
    "source": {
     "doc_id": "S100RLWJ",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100RLWJ.pdf",
     "submitted": "2023-08-09",
     "quote": "公開買付者は、本公開買付けにおいて1,585,900株（所有割合：8.25％）を買付予定数の下限として設定しており"
    }
   }
  },
  "is_mbo": {
   "history": [
    {
     "value": "該当",
     "unit": "text",
     "as_of_date": null,
     "source": {
      "doc_id": "S100RLWJ",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100RLWJ.pdf",
      "submitted": "2023-08-09",
      "quote": "対象者は、本取引がマネジメント・バイアウト（ＭＢＯ）に該当し、構造的な利益相反の問題が存在するため"
     }
    }
   ],
   "latest": {
    "value": "該当",
    "unit": "text",
    "as_of_date": null,
    "source": {
     "doc_id": "S100RLWJ",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100RLWJ.pdf",
     "submitted": "2023-08-09",
     "quote": "対象者は、本取引がマネジメント・バイアウト（ＭＢＯ）に該当し、構造的な利益相反の問題が存在するため"
    }
   }
  },
  "tendered_shares": {
   "history": [
    {
     "value": 7477999,
     "unit": "shares",
     "as_of_date": null,
     "source": {
      "doc_id": "S100RW4Q",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100RW4Q.pdf",
      "submitted": "2023-09-22",
      "quote": "応募株券等の数の合計（7,477,999株）"
     }
    }
   ],
   "latest": {
    "value": 7477999,
    "unit": "shares",
    "as_of_date": null,
    "source": {
     "doc_id": "S100RW4Q",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100RW4Q.pdf",
     "submitted": "2023-09-22",
     "quote": "応募株券等の数の合計（7,477,999株）"
    }
   }
  },
  "result": {
   "history": [
    {
     "value": "成立",
     "unit": "text",
     "as_of_date": null,
     "source": {
      "doc_id": "S100RW4Q",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100RW4Q.pdf",
      "submitted": "2023-09-22",
      "quote": "応募株券等の数の合計（7,477,999株）が買付予定数の下限（1,585,900株）以上となりましたので"
     }
    }
   ],
   "latest": {
    "value": "成立",
    "unit": "text",
    "as_of_date": null,
    "source": {
     "doc_id": "S100RW4Q",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100RW4Q.pdf",
     "submitted": "2023-09-22",
     "quote": "応募株券等の数の合計（7,477,999株）が買付予定数の下限（1,585,900株）以上となりましたので"
    }
   }
  }
 },
 "premiums": [
  {
   "value": 67.85,
   "unit": "percent",
   "as_of_date": "2023-08-07",
   "source": {
    "doc_id": "S100RLY7",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100RLY7.pdf",
    "submitted": "2023-08-09",
    "quote": "2023年８月７日の東京証券取引所スタンダード市場における当社株式の終値843円に対して67.85％"
   },
   "basis": "前営業日終値",
   "basis_en": "Closing price on the business day before announcement"
  },
  {
   "value": 74.05,
   "unit": "percent",
   "as_of_date": "2023-08-07",
   "source": {
    "doc_id": "S100RLY7",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100RLY7.pdf",
    "submitted": "2023-08-09",
    "quote": "同日までの直近１ヶ月間の終値単純平均値813円に対して74.05％"
   },
   "basis": "過去1ヶ月間の終値単純平均値",
   "basis_en": "1-month simple average closing price"
  },
  {
   "value": 90.7,
   "unit": "percent",
   "as_of_date": "2023-08-07",
   "source": {
    "doc_id": "S100RLY7",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100RLY7.pdf",
    "submitted": "2023-08-09",
    "quote": "同直近３ヶ月間の終値単純平均値742円に対して90.70％"
   },
   "basis": "過去3ヶ月間の終値単純平均値",
   "basis_en": "3-month simple average closing price"
  },
  {
   "value": 95.98,
   "unit": "percent",
   "as_of_date": "2023-08-07",
   "source": {
    "doc_id": "S100RLY7",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100RLY7.pdf",
    "submitted": "2023-08-09",
    "quote": "同直近６ヶ月間の終値単純平均値722円に対して95.98％"
   },
   "basis": "過去6ヶ月間の終値単純平均値",
   "basis_en": "6-month simple average closing price"
  }
 ],
 "profile": {
  "extracted": true,
  "listing": {
   "value": "delist",
   "source": {
    "doc_id": "S100RLY7",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100RLY7.pdf",
    "submitted": "2023-08-09",
    "quote": "2023年８月８日開催の当社取締役会において、上場廃止を前提とした本公開買付けに賛同する旨の意見を決議したことから、本公開買付けが成立することを条件として、本計画書を撤回することをあわせて決議しております。"
   }
  },
  "discount_tob": {
   "value": false,
   "source": null
  },
  "acquirer_type": {
   "value": "management",
   "source": {
    "doc_id": "S100RLY7",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100RLY7.pdf",
    "submitted": "2023-08-09",
    "quote": "本取引は、いわゆるマネジメント・バイアウト（ＭＢＯ）（注２）に該当し、内海東吾氏は、本取引後も継続して当社の経営にあたることを予定しているとのことです。"
   }
  },
  "auction": {
   "value": false,
   "source": null
  },
  "competing_offer": {
   "value": false,
   "source": null
  },
  "special_committee": {
   "value": true,
   "source": {
    "doc_id": "S100RLY7",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100RLY7.pdf",
    "submitted": "2023-08-09",
    "quote": "2023年４月25日付の当社取締役会において、特別委員会（以下「本特別委員会」といいます。）を設置する旨を決議いたしました。"
   }
  },
  "sc_own_valuer": null,
  "fairness_opinions": [],
  "proposals": [
   {
    "date": null,
    "price": 1200,
    "proposer": "acquirer",
    "source": {
     "doc_id": "S100RLY7",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100RLY7.pdf",
     "submitted": "2023-08-09",
     "quote": "本公開買付価格を1,200円とする初回提案を行ったとのことです。"
    }
   },
   {
    "date": null,
    "price": 1300,
    "proposer": "acquirer",
    "source": {
     "doc_id": "S100RLY7",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100RLY7.pdf",
     "submitted": "2023-08-09",
     "quote": "本公開買付価格を1,300円とする旨の再提案を行ったとのことです。"
    }
   },
   {
    "date": null,
    "price": 1374,
    "proposer": "acquirer",
    "source": {
     "doc_id": "S100RLY7",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100RLY7.pdf",
     "submitted": "2023-08-09",
     "quote": "本公開買付価格を1,374円とする旨の再提案を行ったとのことです。"
    }
   },
   {
    "date": null,
    "price": 1400,
    "proposer": "acquirer",
    "source": {
     "doc_id": "S100RLY7",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100RLY7.pdf",
     "submitted": "2023-08-09",
     "quote": "本公開買付価格を1,400円とする旨の再提案を行ったとのことです。"
    }
   },
   {
    "date": "2023-08-01",
    "price": 1415,
    "proposer": "acquirer",
    "source": {
     "doc_id": "S100RLY7",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100RLY7.pdf",
     "submitted": "2023-08-09",
     "quote": "2023年８月１日、本公開買付価格を1,415円とする旨の最終提案を行ったとのことです。"
    }
   },
   {
    "date": null,
    "price": 1415,
    "proposer": "acquirer",
    "source": {
     "doc_id": "S100RLY7",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100RLY7.pdf",
     "submitted": "2023-08-09",
     "quote": "改めて本公開買付価格を最終提案における本公開買付価格と同額の1,415円とする旨の提案を行ったとのことです。"
    }
   }
  ],
  "initial_offer": 1200,
  "offer_raise_pct": 17.92,
  "offer_rounds": 5,
  "negotiation_excluded": null,
  "category": "delisting",
  "category_basis": "filing"
 },
 "valuations": [
  {
   "valuator": "株式会社プルータス・コンサルティング",
   "valuator_as_written": "株式会社プルータス・コンサルティング",
   "valuator_en": "Plutus Consulting Co., Ltd.",
   "side": "target",
   "method": "comparable",
   "method_label": "類似会社比較法",
   "method_en": "Comparable companies method",
   "metrics": {
    "per_share_value": {
     "low": 944,
     "high": 1108,
     "unit": "yen_per_share",
     "source": {
      "doc_id": "S100RLY7",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100RLY7.pdf",
      "submitted": "2023-08-09",
      "quote": "類似会社比較法：944円から1,108円"
     }
    }
   }
  },
  {
   "valuator": "株式会社プルータス・コンサルティング",
   "valuator_as_written": "株式会社プルータス・コンサルティング",
   "valuator_en": "Plutus Consulting Co., Ltd.",
   "side": "target",
   "method": "dcf",
   "method_label": "ＤＣＦ法",
   "method_en": "DCF method",
   "metrics": {
    "per_share_value": {
     "low": 1253,
     "high": 1799,
     "unit": "yen_per_share",
     "source": {
      "doc_id": "S100RLY7",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100RLY7.pdf",
      "submitted": "2023-08-09",
      "quote": "ＤＣＦ法 ：1,253円から1,799円"
     }
    },
    "discount_rate": {
     "low": 6.36,
     "high": 7.54,
     "unit": "percent",
     "source": {
      "doc_id": "S100RLY7",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100RLY7.pdf",
      "submitted": "2023-08-09",
      "quote": "割引率は加重平均資本コスト（WACC：Weighted Average Cost of Capital）とし、6.36％～7.54％を採用しております。"
     }
    },
    "perpetual_growth_rate": {
     "low": 0,
     "high": 0,
     "unit": "percent",
     "source": {
      "doc_id": "S100RLY7",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100RLY7.pdf",
      "submitted": "2023-08-09",
      "quote": "永久成長率は０％とし"
     }
    }
   }
  },
  {
   "valuator": "株式会社プルータス・コンサルティング",
   "valuator_as_written": "株式会社プルータス・コンサルティング",
   "valuator_en": "Plutus Consulting Co., Ltd.",
   "side": "target",
   "method": "market_price",
   "method_label": "市場株価法",
   "method_en": "Market price method",
   "metrics": {
    "per_share_value": {
     "low": 722,
     "high": 843,
     "unit": "yen_per_share",
     "source": {
      "doc_id": "S100RLY7",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100RLY7.pdf",
      "submitted": "2023-08-09",
      "quote": "市場株価法 ：722円から843円"
     }
    }
   }
  }
 ],
 "timeline": [
  {
   "date": "2023-08-09",
   "doc_id": "S100RLWJ",
   "doc_type_code": "240",
   "doc_type": "公開買付届出書",
   "filer": "辻商事株式会社",
   "filer_en": "Tsuji Shoji Co., Ltd.",
   "description": "公開買付届出書",
   "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100RLWJ.pdf"
  },
  {
   "date": "2023-08-09",
   "doc_id": "S100RLY7",
   "doc_type_code": "290",
   "doc_type": "意見表明報告書",
   "filer": "ロックペイント株式会社",
   "filer_en": "Rock Paint Co., Ltd.",
   "description": "意見表明報告書",
   "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100RLY7.pdf"
  },
  {
   "date": "2023-09-06",
   "doc_id": "S100RTCN",
   "doc_type_code": "250",
   "doc_type": "訂正公開買付届出書",
   "filer": "辻商事株式会社",
   "filer_en": "Tsuji Shoji Co., Ltd.",
   "description": "訂正公開買付届出書",
   "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100RTCN.pdf"
  },
  {
   "date": "2023-09-22",
   "doc_id": "S100RW4Q",
   "doc_type_code": "270",
   "doc_type": "公開買付報告書",
   "filer": "辻商事株式会社",
   "filer_en": "Tsuji Shoji Co., Ltd.",
   "description": "公開買付報告書",
   "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100RW4Q.pdf"
  }
 ],
 "related": [],
 "flags": [],
 "unverified_count": 0
}