{
 "schema_version": 1,
 "id": "8072-20240815",
 "type": "TOB",
 "status": "completed",
 "announced_date": "2024-08-15",
 "target": {
  "edinet_code": "E02587",
  "sec_code": "8072",
  "name": "日本出版貿易株式会社",
  "name_en": "JAPAN PUBLICATIONS TRADING CO., LTD.",
  "industry": "卸売業",
  "industry_en": "Wholesale Trade"
 },
 "acquirer": {
  "edinet_code": "E02538",
  "sec_code": null,
  "name": "株式会社トーハン",
  "name_en": "TOHAN CORPORATION",
  "industry": "卸売業",
  "industry_en": "Wholesale Trade"
 },
 "anchor_doc_id": "S100U8MU",
 "needs_review": false,
 "review_reason": null,
 "terms": {
  "tender_price": {
   "history": [
    {
     "value": 4000,
     "unit": "yen",
     "as_of_date": null,
     "source": {
      "doc_id": "S100U8MU",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100U8MU.pdf",
      "submitted": "2024-08-15",
      "quote": "最終的に2024年８月14日付の取締役会決議により、本公開買付価格を１株当たり4,000円とすることを決定いたしました。"
     }
    }
   ],
   "latest": {
    "value": 4000,
    "unit": "yen",
    "as_of_date": null,
    "source": {
     "doc_id": "S100U8MU",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100U8MU.pdf",
     "submitted": "2024-08-15",
     "quote": "最終的に2024年８月14日付の取締役会決議により、本公開買付価格を１株当たり4,000円とすることを決定いたしました。"
    }
   }
  },
  "min_shares": {
   "history": [
    {
     "value": 194700,
     "unit": "shares",
     "as_of_date": null,
     "source": {
      "doc_id": "S100U8MU",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100U8MU.pdf",
      "submitted": "2024-08-15",
      "quote": "本公開買付けにおいて、194,700株（所有割合27.92％）を買付予定数の下限として設定しており"
     }
    }
   ],
   "latest": {
    "value": 194700,
    "unit": "shares",
    "as_of_date": null,
    "source": {
     "doc_id": "S100U8MU",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100U8MU.pdf",
     "submitted": "2024-08-15",
     "quote": "本公開買付けにおいて、194,700株（所有割合27.92％）を買付予定数の下限として設定しており"
    }
   }
  },
  "tendered_shares": {
   "history": [
    {
     "value": 302133,
     "unit": "shares",
     "as_of_date": null,
     "source": {
      "doc_id": "S100UGN0",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100UGN0.pdf",
      "submitted": "2024-09-30",
      "quote": "応募株券等の総数（302,133株）"
     }
    }
   ],
   "latest": {
    "value": 302133,
    "unit": "shares",
    "as_of_date": null,
    "source": {
     "doc_id": "S100UGN0",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100UGN0.pdf",
     "submitted": "2024-09-30",
     "quote": "応募株券等の総数（302,133株）"
    }
   }
  },
  "result": {
   "history": [
    {
     "value": "成立",
     "unit": "text",
     "as_of_date": null,
     "source": {
      "doc_id": "S100UGN0",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100UGN0.pdf",
      "submitted": "2024-09-30",
      "quote": "応募株券等の総数（302,133株）が買付予定数の下限（194,700株）以上となりましたので、公開買付開始公告及び公開買付届出書に記載のとおり、応募株券等の全部の買付け等を行います。"
     }
    }
   ],
   "latest": {
    "value": "成立",
    "unit": "text",
    "as_of_date": null,
    "source": {
     "doc_id": "S100UGN0",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100UGN0.pdf",
     "submitted": "2024-09-30",
     "quote": "応募株券等の総数（302,133株）が買付予定数の下限（194,700株）以上となりましたので、公開買付開始公告及び公開買付届出書に記載のとおり、応募株券等の全部の買付け等を行います。"
    }
   }
  }
 },
 "premiums": [
  {
   "value": 48.15,
   "unit": "percent",
   "as_of_date": "2024-08-13",
   "source": {
    "doc_id": "S100U8NU",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100U8NU.pdf",
    "submitted": "2024-08-15",
    "quote": "本公開買付価格4,000円は、本公開買付けの実施についての公表日の前営業日である2024年８月13日の当社株式の東京証券取引所スタンダード市場における終値2,700円に対して48.15％"
   },
   "basis": "前営業日終値",
   "basis_en": "Closing price on the business day before announcement"
  },
  {
   "value": 52.09,
   "unit": "percent",
   "as_of_date": "2024-08-13",
   "source": {
    "doc_id": "S100U8NU",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100U8NU.pdf",
    "submitted": "2024-08-15",
    "quote": "同日までの過去１ヶ月間の終値の単純平均値2,630円に対して52.09％"
   },
   "basis": "過去1ヶ月間の終値単純平均値",
   "basis_en": "1-month simple average closing price"
  },
  {
   "value": 54.62,
   "unit": "percent",
   "as_of_date": "2024-08-13",
   "source": {
    "doc_id": "S100U8NU",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100U8NU.pdf",
    "submitted": "2024-08-15",
    "quote": "同日までの過去３ヶ月間の終値の単純平均値2,587円に対して54.62％"
   },
   "basis": "過去3ヶ月間の終値単純平均値",
   "basis_en": "3-month simple average closing price"
  },
  {
   "value": 52.91,
   "unit": "percent",
   "as_of_date": "2024-08-13",
   "source": {
    "doc_id": "S100U8NU",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100U8NU.pdf",
    "submitted": "2024-08-15",
    "quote": "同日までの過去６ヶ月間の終値の単純平均値2,616円に対して52.91％"
   },
   "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": "S100U8NU",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100U8NU.pdf",
    "submitted": "2024-08-15",
    "quote": "これと同時に、本公開買付けを含む本取引の一環として当社株式の上場廃止が予定されていることを踏まえ、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決議いたしました。"
   }
  },
  "discount_tob": {
   "value": false,
   "source": null
  },
  "acquirer_type": {
   "value": "parent",
   "source": {
    "doc_id": "S100U8NU",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100U8NU.pdf",
    "submitted": "2024-08-15",
    "quote": "1974年12月には、業務提携を強化するため、公開買付者が当社株式500,000株を所有するに至ったとのことです。その後、2009年７月には、当社の経営状況が悪化したことから、当社が公開買付者を割当先とする第三者割当増資を実施し、公開買付者は、当社株式1,000,000株を取得したとのことです。2017年に、当社において株式併合を行った結果、公開買付者は、当社株式150,000株（所有割合21.51％）を所有するに至り、本書提出日現在まで当社株式の所有株式数に変更はないとのことです。"
   }
  },
  "auction": {
   "value": false,
   "source": null
  },
  "competing_offer": {
   "value": false,
   "source": null
  },
  "special_committee": {
   "value": true,
   "source": {
    "doc_id": "S100U8NU",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100U8NU.pdf",
    "submitted": "2024-08-15",
    "quote": "当社の社外監査役１名及び社外有識者２名の計３名によって構成される特別委員会（以下「本特別委員会」といいます。）"
   }
  },
  "sc_own_valuer": null,
  "fairness_opinions": [],
  "proposals": [
   {
    "date": "2024-07-18",
    "price": 3200,
    "proposer": "acquirer",
    "source": {
     "doc_id": "S100U8NU",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100U8NU.pdf",
     "submitted": "2024-08-15",
     "quote": "公開買付者は、2024年７月18日、当社に対して実施した財務及び法務等に関するデュー・ディリジェンスの内容等を踏まえて、本公開買付価格を3,200円"
    }
   },
   {
    "date": "2024-07-25",
    "price": 3400,
    "proposer": "acquirer",
    "source": {
     "doc_id": "S100U8NU",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100U8NU.pdf",
     "submitted": "2024-08-15",
     "quote": "2024年７月25日に、当社に対して、本公開買付価格を3,400円"
    }
   },
   {
    "date": "2024-08-01",
    "price": 3600,
    "proposer": "acquirer",
    "source": {
     "doc_id": "S100U8NU",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100U8NU.pdf",
     "submitted": "2024-08-15",
     "quote": "2024年８月１日に、当社に対して、本公開買付価格を3,600円"
    }
   },
   {
    "date": "2024-08-06",
    "price": 3900,
    "proposer": "acquirer",
    "source": {
     "doc_id": "S100U8NU",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100U8NU.pdf",
     "submitted": "2024-08-15",
     "quote": "2024年８月６日に、当社に対して、本公開買付価格を3,900円"
    }
   },
   {
    "date": "2024-08-07",
    "price": 3950,
    "proposer": "acquirer",
    "source": {
     "doc_id": "S100U8NU",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100U8NU.pdf",
     "submitted": "2024-08-15",
     "quote": "2024年８月７日に、当社に対して、本公開買付価格を3,950円"
    }
   },
   {
    "date": "2024-08-08",
    "price": 4000,
    "proposer": "acquirer",
    "source": {
     "doc_id": "S100U8NU",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100U8NU.pdf",
     "submitted": "2024-08-15",
     "quote": "2024年８月８日に、当社に対して、本公開買付価格を4,000円"
    }
   }
  ],
  "initial_offer": 3200,
  "offer_raise_pct": 25,
  "offer_rounds": 6,
  "negotiation_excluded": null,
  "category": "delisting",
  "category_basis": "filing"
 },
 "valuations": [
  {
   "valuator": "株式会社AGSコンサルティング",
   "valuator_as_written": "AGSコンサルティング",
   "valuator_en": "AGS Consulting Co., Ltd.",
   "side": "acquirer",
   "method": "dcf",
   "method_label": "ＤＣＦ法",
   "method_en": "DCF method",
   "metrics": {
    "per_share_value": {
     "low": 3586,
     "high": 4460,
     "unit": "yen_per_share",
     "source": {
      "doc_id": "S100U8NU",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100U8NU.pdf",
      "submitted": "2024-08-15",
      "quote": "ＤＣＦ法 ：3,586円～4,460円"
     }
    }
   }
  },
  {
   "valuator": "株式会社AGSコンサルティング",
   "valuator_as_written": "AGSコンサルティング",
   "valuator_en": "AGS Consulting Co., Ltd.",
   "side": "acquirer",
   "method": "market_price",
   "method_label": "市場株価法",
   "method_en": "Market price method",
   "metrics": {
    "per_share_value": {
     "low": 2587,
     "high": 2700,
     "unit": "yen_per_share",
     "source": {
      "doc_id": "S100U8NU",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100U8NU.pdf",
      "submitted": "2024-08-15",
      "quote": "市場株価法：2,587円～2,700円"
     }
    }
   }
  },
  {
   "valuator": "株式会社プルータス・コンサルティング",
   "valuator_as_written": "プルータス・コンサルティング",
   "valuator_en": "Plutus Consulting Co., Ltd.",
   "side": "special_committee",
   "method": "dcf",
   "method_label": "ＤＣＦ法",
   "method_en": "DCF method",
   "metrics": {
    "per_share_value": {
     "low": 3723,
     "high": 6663,
     "unit": "yen_per_share",
     "source": {
      "doc_id": "S100U8NU",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100U8NU.pdf",
      "submitted": "2024-08-15",
      "quote": "ＤＣＦ法 ：3,723円から6,663円"
     }
    }
   }
  },
  {
   "valuator": "株式会社MIT Corporate Advisory Services",
   "valuator_as_written": "株式会社MIT Corporate Advisory Services",
   "valuator_en": "MIT Corporate Advisory Services Co., Ltd.",
   "side": "target",
   "method": "dcf",
   "method_label": "ＤＣＦ法",
   "method_en": "DCF method",
   "metrics": {
    "per_share_value": {
     "low": 3503,
     "high": 4253,
     "unit": "yen_per_share",
     "source": {
      "doc_id": "S100U8NU",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100U8NU.pdf",
      "submitted": "2024-08-15",
      "quote": "ＤＣＦ法 ：3,503円から4,253円"
     }
    }
   }
  },
  {
   "valuator": "株式会社MIT Corporate Advisory Services",
   "valuator_as_written": "株式会社MIT Corporate Advisory Services",
   "valuator_en": "MIT Corporate Advisory Services Co., Ltd.",
   "side": "target",
   "method": "market_price",
   "method_label": "市場株価法",
   "method_en": "Market price method",
   "metrics": {
    "per_share_value": {
     "low": 2587,
     "high": 2700,
     "unit": "yen_per_share",
     "source": {
      "doc_id": "S100U8NU",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100U8NU.pdf",
      "submitted": "2024-08-15",
      "quote": "市場株価法：2,587円から2,700円"
     }
    }
   }
  }
 ],
 "timeline": [
  {
   "date": "2024-08-15",
   "doc_id": "S100U8MU",
   "doc_type_code": "240",
   "doc_type": "公開買付届出書",
   "filer": "株式会社トーハン",
   "filer_en": "TOHAN CORPORATION",
   "description": "公開買付届出書",
   "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100U8MU.pdf"
  },
  {
   "date": "2024-08-15",
   "doc_id": "S100U8NU",
   "doc_type_code": "290",
   "doc_type": "意見表明報告書",
   "filer": "日本出版貿易株式会社",
   "filer_en": "JAPAN PUBLICATIONS TRADING CO., LTD.",
   "description": "意見表明報告書",
   "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100U8NU.pdf"
  },
  {
   "date": "2024-09-30",
   "doc_id": "S100UGN0",
   "doc_type_code": "270",
   "doc_type": "公開買付報告書",
   "filer": "株式会社トーハン",
   "filer_en": "TOHAN CORPORATION",
   "description": "公開買付報告書",
   "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100UGN0.pdf"
  }
 ],
 "related": [],
 "flags": [],
 "unverified_count": 0
}