A tender offeror must prepare a document that states the particulars specified by Cabinet Office Order from among the particulars that are required to be stated in a tender offer statement and the particulars that are specified by Cabinet Office Order as necessary and appropriate in the public interest or for the protection of investors (hereinafter referred to as a "tender offer explanation" in this Section and Articles 197-2 and 200), pursuant to the provisions of Cabinet Office Order.
If a tender offeror, with regard to the particulars stated in the tender offer statement (excluding the particulars that are required to be stated in the public notice of the commencement of a tender offer; hereinafter the same applies in this paragraph) from among the particulars that are required to be stated in the tender offer explanation pursuant to the preceding paragraph, has stated in the tender offer explanation to the effect that the tender offer statement is to be referred to and the particulars specified by Cabinet Office Order as necessary for investors to inspect the particulars stated in that tender offer statement, the tender offeror is deemed to have stated in the tender offer explanation the particulars stated in that tender offer statement.
When effecting a purchase, etc. of share certificates, etc. through a tender offer, the tender offeror must deliver a tender offer explanation to a person seeking to sell, etc. those share certificates, etc., pursuant to the provisions of Cabinet Office Order.
If a tender offeror has submitted an amended statement pursuant to the provisions of paragraphs (1) through (4) of the preceding Article, except in a case specified by Cabinet Office Order as one in which the influence on investors' investment decisions is minor, it must immediately amend the tender offer explanation pursuant to the provisions of Cabinet Office Order and deliver the amended tender offer explanation to any person to which the tender offer explanation has already been delivered.
公開買付者は、前条第一項から第四項までの規定により訂正届出書を提出した場合には、投資者の投資判断に及ぼす影響が軽微なものとして内閣府令で定める場合を除き、直ちに、内閣府令で定めるところにより、公開買付説明書を訂正し、かつ、既に公開買付説明書を交付している者に対して、訂正した公開買付説明書を交付しなければならない。
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If any of the following items applies, the person that has committed the violation is subject to punishment by imprisonment for not more than five years, a fine of not more than five million yen…
次の各号のいずれかに該当する場合には、当該違反行為をした者は、五年以下の拘禁刑若しくは五百万円以下の罰金に処し、又はこれを併科する。
Open this provisionIf any of the following items applies, the person who has committed the violation is subject to punishment by imprisonment for not longer than one year, a fine of not more than one million yen…
次の各号のいずれかに該当する場合には、当該違反行為をした者は、一年以下の拘禁刑若しくは百万円以下の罰金に処し、又はこれを併科する。
Open this provision(Submission of an Amended Statement in Connection with a Tender Offer Statement)
If a tender offeror that has submitted a tender offer statement (including any amended statement in connection with it; hereinafter the same applies in this Article) finds that there is a formal…
公開買付届出書（その訂正届出書を含む。以下この条において同じ。）を提出した公開買付者は、内閣府令で定めるところにより、当該公開買付届出書に形式上の不備があり、記載された内容が事実と相違し、又はそれに記載すべき事項若しくは誤解を生じさせないために必要な事実の記載が不十分であり、若しくは欠けていると認めたときは…
Open this provision(Submission of an Amended Statement in Connection with a Tender Offer Statement)
If, on or after the day on which a tender offer statement is submitted and before the last day of the tender offer period, the terms of purchase, etc. change…
公開買付届出書を提出した日以後当該公開買付期間の末日までの間において、買付条件等の変更（第二十七条の十第三項の規定による買付け等の期間の延長を除く。）その他の公開買付届出書に記載すべき重要な事項の変更その他当該公開買付届出書の内容を訂正すべき内閣府令で定める事情があるときは、当該公開買付届出書を提出した公開買付者は…
Open this provision(Submission of an Amended Statement in Connection with a Tender Offer Statement)
If Prime Minister finds it to be clear that any of the following facts have occurred, the Prime Minister may order the tender offeror that submitted the tender offer statement to submit an amended…
内閣総理大臣は、次に掲げる事実が明らかであると認めるときは、公開買付届出書を提出した公開買付者に対し、期限を指定して訂正届出書の提出を命ずることができる。
Open this provision(Submission of an Amended Statement in Connection with a Tender Offer Statement)
Except in a case under the provisions of the preceding paragraph, on discovering any of the following facts to have occurred, the Prime Minister may order a tender offeror that has submitted a tender…
内閣総理大臣は、前項の規定による場合を除き、次に掲げる事実を発見した場合には、当該公開買付届出書を提出した公開買付者に対し、期限を指定して訂正届出書の提出を命ずることができる。この場合においては、行政手続法第十三条第一項の規定による意見陳述のための手続の区分にかかわらず、聴聞を行わなければならない。
Open this provision(Preparation and Delivery of a Tender Offer Explanation)
A tender offeror must prepare a document that states the particulars specified by Cabinet Office Order from among the particulars that are required to be stated in a tender offer statement and the…
公開買付者は、公開買付届出書に記載すべき事項で内閣府令で定めるもの及び公益又は投資者保護のため必要かつ適当なものとして内閣府令で定める事項を記載した書類（以下この節並びに第百九十七条の二及び第二百条において「公開買付説明書」という。）を、内閣府令で定めるところにより、作成しなければならない。
Open this provision(Preparation and Delivery of a Tender Offer Explanation)
If a tender offeror, with regard to the particulars stated in the tender offer statement (excluding the particulars that are required to be stated in the public notice of the commencement of a tender…
公開買付者が、前項の規定に基づき公開買付説明書に記載すべき事項のうち、公開買付届出書に記載された事項（公開買付開始公告に記載すべき事項を除く。以下この項において同じ。）について…
Open this provisioninvestment decisionmachine translation
「投資判断」
A decision on the kind, issue, number and price of securities to invest in and on whether, how and when to buy or sell them, or on the content and timing of derivatives transactions (デリバティブ取引) to be carried out.
Defined inArticle 2, paragraph (8), item (xi), (b)
tender offer
「公開買付け」
In Section 1 of Chapter 2-2, a tender offer as defined in Article 27-2, paragraph (1) that a person must make under the main clause of that paragraph: a tender offer by someone other than the issuer of the share certificates, etc. (株券等).
Short name set inArticle 27-3, paragraph (1)· applies only in this section
tender offer statementmachine translation
「公開買付届出書」
In Section 1 of Chapter 2-2, Article 197, paragraph (1), item (iii) and Article 197-2, paragraph (1), item (v), the statement, with the attachments a Cabinet Office Order (内閣府令) specifies, that a tender offeror (公開買付者) must submit to the Prime Minister on the day of its public notice of the commencement of a tender offer, stating the purchase price, the number of share certificates, etc. it plans to buy, the purchase period and its other terms, any contract to buy them outside the tender offer, and the other matters Article 27-3, paragraph (2) lists.
Short name set inArticle 27-3, paragraph (2)· applies only in this section and in Article 197, paragraph (1), item (iii); and Article 197-2, paragraph (1), item (v)
tender offerormachine translation
「公開買付者」
In Section 1 of Chapter 2-2, a person that has given public notice of the commencement of a tender offer (公開買付開始公告) under Article 27-3, paragraph (1): a tender offer by someone other than the issuer of the share certificates, etc. (株券等).
Short name set inArticle 27-3, paragraph (2)· applies only in this section
public notice of the commencement of a tender offer
「公開買付開始公告」
In Section 1 of Chapter 2-2, the public notice that Article 27-3, paragraph (1) requires on the commencement of a tender offer, stating its purpose, purchase price, the number of share certificates, etc. to be bought, the purchase period and other matters a Cabinet Office Order (内閣府令) specifies.
Short name set inArticle 27-3, paragraph (2)· applies only in this section
tender offer explanation
「公開買付説明書」
In Section 1 of Chapter 2-2 and Articles 197-2 and 200, the document a tender offeror (公開買付者) must prepare, as a Cabinet Office Order (内閣府令) specifies, stating the matters from its tender offer statement (公開買付届出書) that the Order specifies and other matters it requires in the public interest or for investor protection.
Short name set inArticle 27-9, paragraph (1)· applies only in this section and in Articles 197-2 and 200
sale, etc. of share certificates, etc.
「株券等の売付け等」
In Article 175-2, paragraph (4), item (i), a sale of share certificates, etc.; a transaction under Article 2, paragraph (21), item (ii) in which one is the party that pays money if the actual figure exceeds the agreed figure; a transaction under item (iii) of that paragraph in which one is the party that grants the option; and other transactions a Cabinet Order (政令) specifies.
Defined inArticle 175-2, paragraph (9)
purchase, etc. of share certificates, etc.
「株券等の買付け等」
In Article 175-2, paragraph (4), item (ii), a purchase of share certificates, etc.; a transaction under Article 2, paragraph (21), item (ii) in which one is the party that receives money if the actual figure exceeds the agreed figure; a transaction under item (iii) of that paragraph in which one is the party that acquires the option; and other transactions a Cabinet Order (政令) specifies.
Defined inArticle 175-2, paragraph (11)