{
 "schema_version": 1,
 "id": "8922-20211228",
 "type": "TOB",
 "status": "completed",
 "announced_date": "2021-12-28",
 "target": {
  "edinet_code": "E04020",
  "sec_code": "8922",
  "name": "日本アセットマーケティング株式会社",
  "name_en": "Japan Asset Marketing Co.,Ltd.",
  "industry": "不動産業",
  "industry_en": "Real Estate"
 },
 "acquirer": {
  "edinet_code": "E03280",
  "sec_code": "7532",
  "name": "株式会社パン・パシフィック・インターナショナルホールディングス",
  "name_en": "Pan Pacific International Holdings Corporation",
  "industry": "小売業",
  "industry_en": "Retail Trade"
 },
 "anchor_doc_id": "S100N5H5",
 "needs_review": false,
 "review_reason": null,
 "terms": {
  "tender_price": {
   "history": [
    {
     "value": 164,
     "unit": "yen",
     "as_of_date": null,
     "source": {
      "doc_id": "S100N5H5",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100N5H5.pdf",
      "submitted": "2021-12-28",
      "quote": "本公開買付価格164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2021年12月24日の対象者株式の東京証券取引所マザーズ市場における終値（以下「公表日前営業日終値」といいます。）109円に対して50.46％"
     }
    }
   ],
   "latest": {
    "value": 164,
    "unit": "yen",
    "as_of_date": null,
    "source": {
     "doc_id": "S100N5H5",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100N5H5.pdf",
     "submitted": "2021-12-28",
     "quote": "本公開買付価格164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2021年12月24日の対象者株式の東京証券取引所マザーズ市場における終値（以下「公表日前営業日終値」といいます。）109円に対して50.46％"
    }
   }
  },
  "period_business_days": {
   "history": [
    {
     "value": 30,
     "unit": "business_days",
     "as_of_date": null,
     "source": {
      "doc_id": "S100N5H5",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100N5H5.pdf",
      "submitted": "2021-12-28",
      "quote": "本取引の公開買付期間は、法定の最短期間である20営業日ではなく、30営業日とされており"
     }
    }
   ],
   "latest": {
    "value": 30,
    "unit": "business_days",
    "as_of_date": null,
    "source": {
     "doc_id": "S100N5H5",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100N5H5.pdf",
     "submitted": "2021-12-28",
     "quote": "本取引の公開買付期間は、法定の最短期間である20営業日ではなく、30営業日とされており"
    }
   }
  }
 },
 "premiums": [
  {
   "value": 53.27,
   "unit": "percent",
   "as_of_date": "2021-12-24",
   "source": {
    "doc_id": "S100N5HO",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100N5HO.pdf",
    "submitted": "2021-12-28",
    "quote": "同日までの過去１ヶ月間の終値の単純平均値107円に対して53.27％"
   },
   "basis": "過去1ヶ月間の終値単純平均値",
   "basis_en": "1-month simple average closing price"
  },
  {
   "value": 57.69,
   "unit": "percent",
   "as_of_date": "2021-12-24",
   "source": {
    "doc_id": "S100N5HO",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100N5HO.pdf",
    "submitted": "2021-12-28",
    "quote": "同日までの過去３ヶ月間の終値の単純平均値104円に対して57.69％"
   },
   "basis": "過去3ヶ月間の終値単純平均値",
   "basis_en": "3-month simple average closing price"
  },
  {
   "value": 53.27,
   "unit": "percent",
   "as_of_date": "2021-12-24",
   "source": {
    "doc_id": "S100N5HO",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100N5HO.pdf",
    "submitted": "2021-12-28",
    "quote": "同日までの過去６ヶ月間の終値の単純平均値107円に対して53.27％"
   },
   "basis": "過去6ヶ月間の終値単純平均値",
   "basis_en": "6-month simple average closing price"
  },
  {
   "value": 50.46,
   "unit": "percent",
   "as_of_date": "2021-12-24",
   "source": {
    "doc_id": "S100N5HO",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100N5HO.pdf",
    "submitted": "2021-12-28",
    "quote": "公表日前営業日終値」といいます。）109円に対して50.46％"
   },
   "basis": "前営業日終値",
   "basis_en": "Closing price on the business day before announcement"
  }
 ],
 "profile": {
  "extracted": true,
  "listing": {
   "value": "delist",
   "source": {
    "doc_id": "S100N5HO",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100N5HO.pdf",
    "submitted": "2021-12-28",
    "quote": "公開買付者は、当社を非公開化することを企図していること"
   }
  },
  "discount_tob": {
   "value": false,
   "source": null
  },
  "acquirer_type": {
   "value": "parent",
   "source": {
    "doc_id": "S100N5HO",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100N5HO.pdf",
    "submitted": "2021-12-28",
    "quote": "公開買付者が本書提出日現在所有する当社株式（間接所有分を含む。所有割合88.98％）が３分の２を超えていることから、本株式併合に係る手続が確実に実行可能であると考え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": "S100N5HO",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100N5HO.pdf",
    "submitted": "2021-12-28",
    "quote": "笠野さち子氏（弁護士、潮見坂綜合法律事務所）の３名によって構成される特別委員会"
   }
  },
  "sc_own_valuer": null,
  "fairness_opinions": [],
  "proposals": [
   {
    "date": "2021-12-09",
    "price": 144,
    "proposer": "acquirer",
    "source": {
     "doc_id": "S100N5HO",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100N5HO.pdf",
     "submitted": "2021-12-28",
     "quote": "2021年12月９日に当社に対して本公開買付価格を１株当たり144円とする提案を行いました"
    }
   },
   {
    "date": "2021-12-14",
    "price": 154,
    "proposer": "acquirer",
    "source": {
     "doc_id": "S100N5HO",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100N5HO.pdf",
     "submitted": "2021-12-28",
     "quote": "公開買付者は、2021年12月14日に当社に対して本公開買付価格を１株当たり154円とする提案を行いました"
    }
   },
   {
    "date": "2021-12-17",
    "price": 164,
    "proposer": "acquirer",
    "source": {
     "doc_id": "S100N5HO",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100N5HO.pdf",
     "submitted": "2021-12-28",
     "quote": "公開買付者は、2021年12月17日に当社に対して、当社の財務状況や第三者算定機関であるＳＭＢＣ日興証券による当社株式価値の試算結果を勘案して、本公開買付価格を１株当たり164円とする最終提案を行いました"
    }
   }
  ],
  "initial_offer": 144,
  "offer_raise_pct": 13.89,
  "offer_rounds": 3,
  "negotiation_excluded": null,
  "category": "delisting",
  "category_basis": "filing"
 },
 "valuations": [
  {
   "valuator": "SMBC日興証券株式会社",
   "valuator_as_written": "SMBC日興証券株式会社",
   "valuator_en": "SMBC Nikko Securities Inc.",
   "side": "acquirer",
   "method": "comparable",
   "method_label": "類似上場会社比較法",
   "method_en": "Comparable companies method",
   "metrics": {
    "per_share_value": {
     "low": 98,
     "high": 166,
     "unit": "yen_per_share",
     "source": {
      "doc_id": "S100N5HO",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100N5HO.pdf",
      "submitted": "2021-12-28",
      "quote": "類似上場会社比較法： 98円～166円"
     }
    }
   }
  },
  {
   "valuator": "SMBC日興証券株式会社",
   "valuator_as_written": "SMBC日興証券株式会社",
   "valuator_en": "SMBC Nikko Securities Inc.",
   "side": "acquirer",
   "method": "dcf",
   "method_label": "ＤＣＦ法",
   "method_en": "DCF method",
   "metrics": {
    "per_share_value": {
     "low": 117,
     "high": 185,
     "unit": "yen_per_share",
     "source": {
      "doc_id": "S100N5HO",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100N5HO.pdf",
      "submitted": "2021-12-28",
      "quote": "ＤＣＦ法 ：117円～185円"
     }
    }
   }
  },
  {
   "valuator": "SMBC日興証券株式会社",
   "valuator_as_written": "SMBC日興証券株式会社",
   "valuator_en": "SMBC Nikko Securities Inc.",
   "side": "acquirer",
   "method": "market_price",
   "method_label": "市場株価法",
   "method_en": "Market price method",
   "metrics": {
    "per_share_value": {
     "low": 104,
     "high": 107,
     "unit": "yen_per_share",
     "source": {
      "doc_id": "S100N5HO",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100N5HO.pdf",
      "submitted": "2021-12-28",
      "quote": "市場株価法 ：104円～107円"
     }
    }
   }
  },
  {
   "valuator": "みずほ証券株式会社",
   "valuator_as_written": "みずほ証券株式会社",
   "valuator_en": "Mizuho Securities Co., Ltd.",
   "side": "target",
   "method": "dcf",
   "method_label": "ＤＣＦ法",
   "method_en": "DCF method",
   "metrics": {
    "per_share_value": {
     "low": 139,
     "high": 202,
     "unit": "yen_per_share",
     "source": {
      "doc_id": "S100N5HO",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100N5HO.pdf",
      "submitted": "2021-12-28",
      "quote": "ＤＣＦ法 ：139円から202円"
     }
    },
    "discount_rate": {
     "low": 4.1,
     "high": 5.1,
     "unit": "percent",
     "source": {
      "doc_id": "S100N5HO",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100N5HO.pdf",
      "submitted": "2021-12-28",
      "quote": "割引率は、加重平均資本コスト（WACC：Weighted Average Cost of Capital）とし、4.1％から5.1％を採用しており"
     }
    },
    "perpetual_growth_rate": {
     "low": -0.5,
     "high": 0.5,
     "unit": "percent",
     "source": {
      "doc_id": "S100N5HO",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100N5HO.pdf",
      "submitted": "2021-12-28",
      "quote": "永久成長率法では永久成長率を－0.5％～0.5％としております。"
     }
    }
   }
  },
  {
   "valuator": "みずほ証券株式会社",
   "valuator_as_written": "みずほ証券株式会社",
   "valuator_en": "Mizuho Securities Co., Ltd.",
   "side": "target",
   "method": "market_price",
   "method_label": "市場株価基準法",
   "method_en": "Market price method",
   "metrics": {
    "per_share_value": {
     "low": 104,
     "high": 109,
     "unit": "yen_per_share",
     "source": {
      "doc_id": "S100N5HO",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100N5HO.pdf",
      "submitted": "2021-12-28",
      "quote": "市場株価基準法：104円から109円"
     }
    }
   }
  }
 ],
 "timeline": [
  {
   "date": "2021-12-28",
   "doc_id": "S100N5H5",
   "doc_type_code": "240",
   "doc_type": "公開買付届出書",
   "filer": "株式会社パン・パシフィック・インターナショナルホールディングス",
   "filer_en": "Pan Pacific International Holdings Corporation",
   "description": "公開買付届出書",
   "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100N5H5.pdf"
  },
  {
   "date": "2021-12-28",
   "doc_id": "S100N5HO",
   "doc_type_code": "290",
   "doc_type": "意見表明報告書",
   "filer": "日本アセットマーケティング株式会社",
   "filer_en": "Japan Asset Marketing Co.,Ltd.",
   "description": "意見表明報告書",
   "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100N5HO.pdf"
  },
  {
   "date": "2022-02-16",
   "doc_id": "S100NITX",
   "doc_type_code": "270",
   "doc_type": "公開買付報告書",
   "filer": "株式会社パン・パシフィック・インターナショナルホールディングス",
   "filer_en": "Pan Pacific International Holdings Corporation",
   "description": "公開買付報告書",
   "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100NITX.pdf"
  }
 ],
 "related": [],
 "flags": [],
 "unverified_count": 0
}