# 金融商品取引法 / Financial Instruments and Exchange Act — 第二十七条の九 (Article 27-9) - Law: 金融商品取引法 (Financial Instruments and Exchange Act), 昭和二十三年法律第二十五号 - English title "Financial Instruments and Exchange Act": Ministry of Justice translation - Kind: Act — the distinction between 法律 (Act), 政令 (Cabinet Order), 省令 (Ministerial Order) and 条例 (local ordinance) decides who may issue it and what it may say. - Provision: 第二十七条の九 (Article 27-9)（公開買付説明書等の作成及び交付） — address `art-27-9` - Text in force since: 2026-08-12 - URL (the page that opens at this provision): https://japanlaw.org/en/financial-instruments-and-exchange-act/art-27-9 - Permanent URL (e-Gov law ID, never renamed): https://japanlaw.org/l/323AC0000000025/art-27-9 - Every provision below carries its address and both URLs on the line under it. - Japanese text: e-Gov 法令検索, Digital Agency (デジタル庁). English: as marked on each line below. Only the Japanese as published by the government has legal effect; the text below is a copy of it. Every English rendering below is a translation and says which kind: the Ministry of Justice's translation, or this site's machine translation, whose model and date the Sources list names. They are never merged and never substituted for one another. --- ### 第二十七条の九（公開買付説明書等の作成及び交付） — (Preparation and Delivery of a Tender Offer Explanation) caption: Ministry of Justice translation — Japanese Law Translation Database System art-27-9 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-27-9 · https://japanlaw.org/l/323AC0000000025/art-27-9 **第一項** 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。 art-27-9/par-1 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-27-9/par-1 · https://japanlaw.org/l/323AC0000000025/art-27-9/par-1 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. Ministry of Justice translation — Japanese Law Translation Database System **第二項** 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、公開買付届出書を参照すべき旨及び投資者が当該公開買付届出書に記載された事項を閲覧するために必要な事項として内閣府令で定める事項を公開買付説明書に記載した場合には、公開買付説明書に当該公開買付届出書に記載された事項の記載をしたものとみなす。 art-27-9/par-2 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-27-9/par-2 · https://japanlaw.org/l/323AC0000000025/art-27-9/par-2 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. machine translation, not official **第三項** 公開買付者は、公開買付けによる株券等の買付け等を行う場合には、当該株券等の売付け等を行おうとする者に対し、内閣府令で定めるところにより、公開買付説明書を交付しなければならない。 art-27-9/par-3 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-27-9/par-3 · https://japanlaw.org/l/323AC0000000025/art-27-9/par-3 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. Ministry of Justice translation — Japanese Law Translation Database System **第四項** 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。 art-27-9/par-4 · https://japanlaw.org/en/financial-instruments-and-exchange-act/art-27-9/par-4 · https://japanlaw.org/l/323AC0000000025/art-27-9/par-4 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. machine translation, not official --- ## Cites - art-27-9/par-1: 第百九十七条の二 → 金融商品取引法 第百九十七条の二 (Article 197-2), art-197-2 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-197-2 · https://japanlaw.org/l/323AC0000000025/art-197-2 - art-27-9/par-1: 第二百条 → 金融商品取引法 第二百条 (Article 200), art-200 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-200 · https://japanlaw.org/l/323AC0000000025/art-200 - art-27-9/par-2: 前項 → 金融商品取引法 第二十七条の九第一項 (Article 27-9, paragraph (1)), art-27-9/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-27-9/par-1 · https://japanlaw.org/l/323AC0000000025/art-27-9/par-1 - art-27-9/par-2: この項 → 金融商品取引法 第二十七条の九第二項 (Article 27-9, paragraph (2)), art-27-9/par-2 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-27-9/par-2 · https://japanlaw.org/l/323AC0000000025/art-27-9/par-2 - art-27-9/par-4: 前条第一項から第四項まで → 金融商品取引法 第二十七条の八第一項 (Article 27-8, paragraph (1)), art-27-8/par-1 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-27-8/par-1 · https://japanlaw.org/l/323AC0000000025/art-27-8/par-1 - art-27-9/par-4: 前条第一項から第四項まで → 金融商品取引法 第二十七条の八第二項 (Article 27-8, paragraph (2)), art-27-8/par-2 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-27-8/par-2 · https://japanlaw.org/l/323AC0000000025/art-27-8/par-2 - art-27-9/par-4: 前条第一項から第四項まで → 金融商品取引法 第二十七条の八第三項 (Article 27-8, paragraph (3)), art-27-8/par-3 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-27-8/par-3 · https://japanlaw.org/l/323AC0000000025/art-27-8/par-3 - art-27-9/par-4: 前条第一項から第四項まで → 金融商品取引法 第二十七条の八第四項 (Article 27-8, paragraph (4)), art-27-8/par-4 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-27-8/par-4 · https://japanlaw.org/l/323AC0000000025/art-27-8/par-4 ## Cited by 11 provisions cite this one. No official source publishes this direction. - 金融商品取引法 第二十七条の九第二項（公開買付説明書等の作成及び交付） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-27-9/par-2 · https://japanlaw.org/l/323AC0000000025/art-27-9/par-2 - 金融商品取引法 第二十七条の十六第一項（公開買付けに係る違反行為による賠償責任） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-27-16/par-1 · https://japanlaw.org/l/323AC0000000025/art-27-16/par-1 - 金融商品取引法 第二十七条の十九第一項（虚偽記載等のある公開買付説明書の使用者の賠償責任） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-27-19/par-1 · https://japanlaw.org/l/323AC0000000025/art-27-19/par-1 - 金融商品取引法 第二十七条の二十第一項第三号（虚偽記載等のある公開買付開始公告を行つた者等の賠償責任） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-27-20/par-1/item-3 · https://japanlaw.org/l/323AC0000000025/art-27-20/par-1/item-3 - 金融商品取引法 第二十七条の二十二の二第二項（発行者による上場株券等の公開買付け） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-27-22-2/par-2 · https://japanlaw.org/l/323AC0000000025/art-27-22-2/par-2 - 金融商品取引法 第二十七条の二十二の二第九項（発行者による上場株券等の公開買付け） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-27-22-2/par-9 · https://japanlaw.org/l/323AC0000000025/art-27-22-2/par-9 - 金融商品取引法 第二十七条の二十二の二第十項（発行者による上場株券等の公開買付け） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-27-22-2/par-10 · https://japanlaw.org/l/323AC0000000025/art-27-22-2/par-10 - 金融商品取引法 第二十七条の二十二の二第十一項第三号（発行者による上場株券等の公開買付け） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-27-22-2/par-11/item-3 · https://japanlaw.org/l/323AC0000000025/art-27-22-2/par-11/item-3 - 金融商品取引法 第二十七条の三十の九第二項（電子情報処理組織を使用する方法等による目論見書記載事項の提供等） — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-27-30-9/par-2 · https://japanlaw.org/l/323AC0000000025/art-27-30-9/par-2 - 金融商品取引法 第百九十七条の二第一項第八号 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-197-2/par-1/item-8 · https://japanlaw.org/l/323AC0000000025/art-197-2/par-1/item-8 - 金融商品取引法 第二百条第一項第九号 — https://japanlaw.org/en/financial-instruments-and-exchange-act/art-200/par-1/item-9 · https://japanlaw.org/l/323AC0000000025/art-200/par-1/item-9 --- ## Sources - e-Gov 法令検索, Digital Agency (デジタル庁) — 金融商品取引法 — the text in force from 2026-08-12 (https://laws.e-gov.go.jp/law/323AC0000000025/20260812_508AC0000000064), retrieved 2026-10-22 - Japanese Law Translation Database System, Ministry of Justice (法務省) — Financial Instruments and Exchange Act — Ministry of Justice translation (https://www.japaneselawtranslation.go.jp/en/laws/view/4633/tb), retrieved 2026-10-22 - claude-sonnet-5-5 — Machine translation, batch financial-instruments-and-exchange-act-20261023T035921-002, translated 2026-10-23 - This site's parser, version 212 — 金融商品取引法 — structure, counts, cross-references and defined terms, computed 2026-10-22