{
 "schema_version": 1,
 "id": "9386-20250701",
 "type": "MBO",
 "status": "completed",
 "announced_date": "2025-07-01",
 "target": {
  "edinet_code": "E26869",
  "sec_code": "9386",
  "name": "日本コンセプト株式会社",
  "name_en": "NIPPON CONCEPT CORPORATION",
  "industry": "倉庫・運輸関連",
  "industry_en": null
 },
 "acquirer": {
  "edinet_code": "E40789",
  "sec_code": null,
  "name": "株式会社M",
  "name_en": "M 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": "S100WAB2",
 "needs_review": false,
 "review_reason": null,
 "terms": {
  "tender_price": {
   "history": [
    {
     "value": 3060,
     "unit": "yen",
     "as_of_date": null,
     "source": {
      "doc_id": "S100WAB2",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WAB2.pdf",
      "submitted": "2025-07-01",
      "quote": "本公開買付価格を3,060円とする最終意向表明書を提出いたしました。"
     }
    }
   ],
   "latest": {
    "value": 3060,
    "unit": "yen",
    "as_of_date": null,
    "source": {
     "doc_id": "S100WAB2",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WAB2.pdf",
     "submitted": "2025-07-01",
     "quote": "本公開買付価格を3,060円とする最終意向表明書を提出いたしました。"
    }
   }
  },
  "min_shares": {
   "history": [
    {
     "value": 5223400,
     "unit": "shares",
     "as_of_date": null,
     "source": {
      "doc_id": "S100WAB2",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WAB2.pdf",
      "submitted": "2025-07-01",
      "quote": "公開買付者は、買付予定数の下限を5,223,400株(所有割合：37.67％)に設定しており"
     }
    }
   ],
   "latest": {
    "value": 5223400,
    "unit": "shares",
    "as_of_date": null,
    "source": {
     "doc_id": "S100WAB2",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WAB2.pdf",
     "submitted": "2025-07-01",
     "quote": "公開買付者は、買付予定数の下限を5,223,400株(所有割合：37.67％)に設定しており"
    }
   }
  },
  "is_mbo": {
   "history": [
    {
     "value": "該当",
     "unit": "text",
     "as_of_date": null,
     "source": {
      "doc_id": "S100WAB2",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WAB2.pdf",
      "submitted": "2025-07-01",
      "quote": "なお、本取引は、いわゆるマネジメント・バイアウト(MBO)(注１)に該当し"
     }
    }
   ],
   "latest": {
    "value": "該当",
    "unit": "text",
    "as_of_date": null,
    "source": {
     "doc_id": "S100WAB2",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WAB2.pdf",
     "submitted": "2025-07-01",
     "quote": "なお、本取引は、いわゆるマネジメント・バイアウト(MBO)(注１)に該当し"
    }
   }
  },
  "tendered_shares": {
   "history": [
    {
     "value": 8127138,
     "unit": "shares",
     "as_of_date": null,
     "source": {
      "doc_id": "S100WJ9J",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WJ9J.pdf",
      "submitted": "2025-08-14",
      "quote": "応募株券等の数の合計( 8,127,138 株)が買付予定数の下限(5,223,400株)以上となりました"
     }
    }
   ],
   "latest": {
    "value": 8127138,
    "unit": "shares",
    "as_of_date": null,
    "source": {
     "doc_id": "S100WJ9J",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WJ9J.pdf",
     "submitted": "2025-08-14",
     "quote": "応募株券等の数の合計( 8,127,138 株)が買付予定数の下限(5,223,400株)以上となりました"
    }
   }
  },
  "result": {
   "history": [
    {
     "value": "成立",
     "unit": "text",
     "as_of_date": null,
     "source": {
      "doc_id": "S100WJ9J",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WJ9J.pdf",
      "submitted": "2025-08-14",
      "quote": "応募株券等の数の合計( 8,127,138 株)が買付予定数の下限(5,223,400株)以上となりましたので、本公開買付けに係る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": "S100WJ9J",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WJ9J.pdf",
     "submitted": "2025-08-14",
     "quote": "応募株券等の数の合計( 8,127,138 株)が買付予定数の下限(5,223,400株)以上となりましたので、本公開買付けに係る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": 38.02,
   "unit": "percent",
   "as_of_date": "2025-06-27",
   "source": {
    "doc_id": "S100WAEG",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WAEG.pdf",
    "submitted": "2025-07-01",
    "quote": "当社株式の基準日の終値 2,217 円に対して 38.02 ％"
   },
   "basis": "前営業日終値",
   "basis_en": "Closing price on the business day before announcement"
  },
  {
   "value": 58.88,
   "unit": "percent",
   "as_of_date": "2025-06-27",
   "source": {
    "doc_id": "S100WAEG",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WAEG.pdf",
    "submitted": "2025-07-01",
    "quote": "基準日までの直近１ヶ月間の終値単純平均値 1,926 円(小数点以下を四捨五入しております。以下、終値単純平均値の計算において同じとします。)に対して 58.88 ％"
   },
   "basis": "過去1ヶ月間の終値単純平均値",
   "basis_en": "1-month simple average closing price"
  },
  {
   "value": 70.47,
   "unit": "percent",
   "as_of_date": "2025-06-27",
   "source": {
    "doc_id": "S100WAEG",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WAEG.pdf",
    "submitted": "2025-07-01",
    "quote": "同直近３ヶ月間の終値単純平均値 1,795 円に対して 70.47 ％"
   },
   "basis": "過去3ヶ月間の終値単純平均値",
   "basis_en": "3-month simple average closing price"
  },
  {
   "value": 69.44,
   "unit": "percent",
   "as_of_date": "2025-06-27",
   "source": {
    "doc_id": "S100WAEG",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WAEG.pdf",
    "submitted": "2025-07-01",
    "quote": "同直近６ヶ月間の終値単純平均値 1,806 円に対して 69.44 ％のプレミアム"
   },
   "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": "S100WAEG",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WAEG.pdf",
    "submitted": "2025-07-01",
    "quote": "公開買付者は、当社株式を非公開化することを目的とする一連の取引(以下「本取引」といいます。)の一環として、本公開買付けを実施し"
   }
  },
  "discount_tob": {
   "value": false,
   "source": null
  },
  "acquirer_type": {
   "value": "management",
   "source": {
    "doc_id": "S100WAEG",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WAEG.pdf",
    "submitted": "2025-07-01",
    "quote": "本取引は、いわゆるマネジメント・バイアウト(MBO)(注１)に該当し、当社の代表取締役社長であり主要株主かつ第２位株主である松元孝義氏"
   }
  },
  "auction": {
   "value": true,
   "source": {
    "doc_id": "S100WAEG",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WAEG.pdf",
    "submitted": "2025-07-01",
    "quote": "①特別委員会を設置し、特別委員会主導で両提案を比較、検討すること、②具体的なプロセスとしては、商船三井及び松元孝義氏に対して、当社から共有した情報を基にした意向表明書の提出を求め、特別委員会が提出された意向表明書の内容を比較検討することで、デュー・ディリジェンスや当社及び特別委員会との交渉を行う優先交渉権者を決定することを決定しました。"
   }
  },
  "competing_offer": {
   "value": true,
   "source": {
    "doc_id": "S100WAEG",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WAEG.pdf",
    "submitted": "2025-07-01",
    "quote": "本特別委員会は、2025年３月31日付で、商船三井からの第一次意向表明書(以下「商船三井意向表明書提案」といいます。)並びに松元孝義氏及びJ- STAR (松元孝義氏及びJ- STAR を総称して、以下「松元孝義氏ら」といいます。)からの第一次意向表明書(以下「MBO意向表明書提案」といいます。)の提出を受けました。"
   }
  },
  "special_committee": {
   "value": true,
   "source": {
    "doc_id": "S100WAEG",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WAEG.pdf",
    "submitted": "2025-07-01",
    "quote": "商船三井、松元孝義氏及び当社のいずれからも独立した特別委員会(以下「本特別委員会」といいます。)を設置しました"
   }
  },
  "sc_own_valuer": {
   "value": "株式会社赤坂国際会計",
   "source": {
    "doc_id": "S100WAEG",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WAEG.pdf",
    "submitted": "2025-07-01",
    "quote": "本特別委員会独自のリーガル・アドバイザーとして恵比寿松本法律事務所を、財務アドバイザー及び第三者算定機関として株式会社赤坂国際会計(以下「赤坂国際会計」といいます。)を選任する旨を決定しております。"
   }
  },
  "fairness_opinions": [],
  "proposals": [
   {
    "date": "2025-05-26",
    "price": 3060,
    "proposer": "acquirer",
    "source": {
     "doc_id": "S100WAEG",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WAEG.pdf",
     "submitted": "2025-07-01",
     "quote": "2025年５月26日、本デュー・ディリジェンスの結果を踏まえた最終提案として、2025年12月期の当社の期末配当を無配とする前提で、本特別委員会に対して本公開買付価格を3,060円とする最終意向表明書を提出したとのことです。"
    }
   }
  ],
  "initial_offer": 3060,
  "offer_raise_pct": 0,
  "offer_rounds": 1,
  "negotiation_excluded": null,
  "category": "delisting",
  "category_basis": "filing"
 },
 "valuations": [
  {
   "valuator": "株式会社赤坂国際会計",
   "valuator_as_written": "株式会社赤坂国際会計",
   "valuator_en": "Akasaka International Accounting Co., Ltd.",
   "side": "special_committee",
   "method": "comparable",
   "method_label": "類似会社比較法",
   "method_en": "Comparable companies method",
   "metrics": {
    "per_share_value": {
     "low": 1508,
     "high": 2784,
     "unit": "yen_per_share",
     "source": {
      "doc_id": "S100WAEG",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WAEG.pdf",
      "submitted": "2025-07-01",
      "quote": "類似会社比較法によると 1,508 円から 2,784 円"
     }
    }
   }
  },
  {
   "valuator": "株式会社赤坂国際会計",
   "valuator_as_written": "株式会社赤坂国際会計",
   "valuator_en": "Akasaka International Accounting Co., Ltd.",
   "side": "special_committee",
   "method": "dcf",
   "method_label": "DCF法",
   "method_en": "DCF method",
   "metrics": {
    "per_share_value": {
     "low": 2144,
     "high": 3597,
     "unit": "yen_per_share",
     "source": {
      "doc_id": "S100WAEG",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WAEG.pdf",
      "submitted": "2025-07-01",
      "quote": "DCF法によると 2,144 円から 3,597 円"
     }
    }
   }
  },
  {
   "valuator": "株式会社赤坂国際会計",
   "valuator_as_written": "株式会社赤坂国際会計",
   "valuator_en": "Akasaka International Accounting Co., Ltd.",
   "side": "special_committee",
   "method": "market_price",
   "method_label": "市場株価法",
   "method_en": "Market price method",
   "metrics": {
    "per_share_value": {
     "low": 1795,
     "high": 2217,
     "unit": "yen_per_share",
     "source": {
      "doc_id": "S100WAEG",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WAEG.pdf",
      "submitted": "2025-07-01",
      "quote": "市場株価法によると 1,795 円から 2,217 円"
     }
    }
   }
  },
  {
   "valuator": "株式会社AGSコンサルティング",
   "valuator_as_written": "株式会社AGSコンサルティング",
   "valuator_en": "AGS Consulting Co., Ltd.",
   "side": "target",
   "method": "dcf",
   "method_label": "DCF法",
   "method_en": "DCF method",
   "metrics": {
    "per_share_value": {
     "low": 2488,
     "high": 3087,
     "unit": "yen_per_share",
     "source": {
      "doc_id": "S100WAEG",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WAEG.pdf",
      "submitted": "2025-07-01",
      "quote": "DCF法：          2,488 円～ 3,087 円"
     }
    },
    "discount_rate": {
     "low": 7.66,
     "high": 9.66,
     "unit": "percent",
     "source": {
      "doc_id": "S100WAEG",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WAEG.pdf",
      "submitted": "2025-07-01",
      "quote": "割引率は加重平均資本コストとし、 7.66 ％～ 9.66 ％を採用しており"
     }
    },
    "perpetual_growth_rate": {
     "low": 0.5,
     "high": 0.5,
     "unit": "percent",
     "source": {
      "doc_id": "S100WAEG",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WAEG.pdf",
      "submitted": "2025-07-01",
      "quote": "永久成長率は 0.5 ％として当社株式の１株当たり株式価値を算定しております。"
     }
    }
   }
  },
  {
   "valuator": "株式会社AGSコンサルティング",
   "valuator_as_written": "株式会社AGSコンサルティング",
   "valuator_en": "AGS 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": 1795,
     "high": 2217,
     "unit": "yen_per_share",
     "source": {
      "doc_id": "S100WAEG",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WAEG.pdf",
      "submitted": "2025-07-01",
      "quote": "市場株価法：  1,795 円～ 2,217 円"
     }
    }
   }
  }
 ],
 "timeline": [
  {
   "date": "2025-07-01",
   "doc_id": "S100WAB2",
   "doc_type_code": "240",
   "doc_type": "公開買付届出書",
   "filer": "株式会社M",
   "filer_en": "M Co., Ltd.",
   "description": "公開買付届出書",
   "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WAB2.pdf"
  },
  {
   "date": "2025-07-01",
   "doc_id": "S100WAEG",
   "doc_type_code": "290",
   "doc_type": "意見表明報告書",
   "filer": "日本コンセプト株式会社",
   "filer_en": "NIPPON CONCEPT CORPORATION",
   "description": "意見表明報告書",
   "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WAEG.pdf"
  },
  {
   "date": "2025-08-14",
   "doc_id": "S100WJ9J",
   "doc_type_code": "270",
   "doc_type": "公開買付報告書",
   "filer": "株式会社M",
   "filer_en": "M Co., Ltd.",
   "description": "公開買付報告書",
   "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WJ9J.pdf"
  }
 ],
 "related": [],
 "flags": [],
 "unverified_count": 0
}