{
 "schema_version": 1,
 "id": "6901-20251222",
 "type": "TOB",
 "status": "completed",
 "announced_date": "2025-12-22",
 "target": {
  "edinet_code": "E01885",
  "sec_code": "6901",
  "name": "澤藤電機株式会社",
  "name_en": "SAWAFUJI ELECTRIC CO.,LTD.",
  "industry": "電気機器",
  "industry_en": "Electric Appliances"
 },
 "acquirer": {
  "edinet_code": "E40984",
  "sec_code": null,
  "name": "ARTS-4株式会社",
  "name_en": "ARTS-4 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": "S100XC6K",
 "needs_review": false,
 "review_reason": null,
 "terms": {
  "tender_price": {
   "history": [
    {
     "value": 1303,
     "unit": "yen",
     "as_of_date": null,
     "source": {
      "doc_id": "S100XC6K",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100XC6K.pdf",
      "submitted": "2025-12-22",
      "quote": "本公開買付価格である1,303円は、本公開買付けの公表日の前営業日である2025年12月18日の東京証券取引所スタンダード市場における対象者株式の終値1,002円に対して30.04％"
     }
    }
   ],
   "latest": {
    "value": 1303,
    "unit": "yen",
    "as_of_date": null,
    "source": {
     "doc_id": "S100XC6K",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100XC6K.pdf",
     "submitted": "2025-12-22",
     "quote": "本公開買付価格である1,303円は、本公開買付けの公表日の前営業日である2025年12月18日の東京証券取引所スタンダード市場における対象者株式の終値1,002円に対して30.04％"
    }
   }
  },
  "period_start": {
   "history": [
    {
     "value": "2025-12-22",
     "unit": "date",
     "as_of_date": null,
     "source": {
      "doc_id": "S100XC6K",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100XC6K.pdf",
      "submitted": "2025-12-22",
      "quote": "2025年12月22日から本公開買付けを開始することを決定しました。"
     }
    }
   ],
   "latest": {
    "value": "2025-12-22",
    "unit": "date",
    "as_of_date": null,
    "source": {
     "doc_id": "S100XC6K",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100XC6K.pdf",
     "submitted": "2025-12-22",
     "quote": "2025年12月22日から本公開買付けを開始することを決定しました。"
    }
   }
  },
  "min_shares": {
   "history": [
    {
     "value": 1569600,
     "unit": "shares",
     "as_of_date": null,
     "source": {
      "doc_id": "S100XC6K",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100XC6K.pdf",
      "submitted": "2025-12-22",
      "quote": "買付予定数の下限（注２）を1,569,600株（所有割合：36.38％）と設定しており"
     }
    }
   ],
   "latest": {
    "value": 1569600,
    "unit": "shares",
    "as_of_date": null,
    "source": {
     "doc_id": "S100XC6K",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100XC6K.pdf",
     "submitted": "2025-12-22",
     "quote": "買付予定数の下限（注２）を1,569,600株（所有割合：36.38％）と設定しており"
    }
   }
  },
  "tendered_shares": {
   "history": [
    {
     "value": 2444362,
     "unit": "shares",
     "as_of_date": null,
     "source": {
      "doc_id": "S100XKDQ",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100XKDQ.pdf",
      "submitted": "2026-02-10",
      "quote": "応募株券等の数の合計（2,444,362株）"
     }
    }
   ],
   "latest": {
    "value": 2444362,
    "unit": "shares",
    "as_of_date": null,
    "source": {
     "doc_id": "S100XKDQ",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100XKDQ.pdf",
     "submitted": "2026-02-10",
     "quote": "応募株券等の数の合計（2,444,362株）"
    }
   }
  },
  "result": {
   "history": [
    {
     "value": "成立",
     "unit": "text",
     "as_of_date": null,
     "source": {
      "doc_id": "S100XKDQ",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100XKDQ.pdf",
      "submitted": "2026-02-10",
      "quote": "応募株券等の数の合計（2,444,362株）が買付予定数の下限（1,569,600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": "S100XKDQ",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100XKDQ.pdf",
     "submitted": "2026-02-10",
     "quote": "応募株券等の数の合計（2,444,362株）が買付予定数の下限（1,569,600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": 30.04,
   "unit": "percent",
   "as_of_date": "2025-12-18",
   "source": {
    "doc_id": "S100XC7B",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100XC7B.pdf",
    "submitted": "2025-12-22",
    "quote": "終値1,002円に対して30.04％"
   },
   "basis": "前営業日終値",
   "basis_en": "Closing price on the business day before announcement"
  },
  {
   "value": 29.14,
   "unit": "percent",
   "as_of_date": "2025-12-18",
   "source": {
    "doc_id": "S100XC7B",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100XC7B.pdf",
    "submitted": "2025-12-22",
    "quote": "過去１ヶ月間の終値単純平均値1,009円に対して29.14％"
   },
   "basis": "過去1ヶ月間の終値単純平均値",
   "basis_en": "1-month simple average closing price"
  },
  {
   "value": 28.12,
   "unit": "percent",
   "as_of_date": "2025-12-18",
   "source": {
    "doc_id": "S100XC7B",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100XC7B.pdf",
    "submitted": "2025-12-22",
    "quote": "過去３ヶ月間の終値単純平均値1,017円に対して28.12％"
   },
   "basis": "過去3ヶ月間の終値単純平均値",
   "basis_en": "3-month simple average closing price"
  },
  {
   "value": 31.62,
   "unit": "percent",
   "as_of_date": "2025-12-18",
   "source": {
    "doc_id": "S100XC7B",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100XC7B.pdf",
    "submitted": "2025-12-22",
    "quote": "過去６ヶ月間の終値単純平均値990円に対して31.62％"
   },
   "basis": "過去6ヶ月間の終値単純平均値",
   "basis_en": "6-month simple average closing price"
  }
 ],
 "valuations": [
  {
   "valuator": "マクサス・コーポレートアドバイザリー株式会社",
   "valuator_as_written": "マクサス・コーポレートアドバイザリー株式会社",
   "valuator_en": "Maxus Corporate Advisory Co., Ltd.",
   "side": "target",
   "method": "comparable",
   "method_label": "類似会社比較法",
   "method_en": "Comparable companies method",
   "metrics": {
    "per_share_value": {
     "low": 887,
     "high": 1158,
     "unit": "yen_per_share",
     "source": {
      "doc_id": "S100XC7B",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100XC7B.pdf",
      "submitted": "2025-12-22",
      "quote": "類似会社比較法：887円から1,158円"
     }
    }
   }
  },
  {
   "valuator": "マクサス・コーポレートアドバイザリー株式会社",
   "valuator_as_written": "マクサス・コーポレートアドバイザリー株式会社",
   "valuator_en": "Maxus Corporate Advisory Co., Ltd.",
   "side": "target",
   "method": "dcf",
   "method_label": "ＤＣＦ法",
   "method_en": "DCF method",
   "metrics": {
    "per_share_value": {
     "low": 1009,
     "high": 1600,
     "unit": "yen_per_share",
     "source": {
      "doc_id": "S100XC7B",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100XC7B.pdf",
      "submitted": "2025-12-22",
      "quote": "ＤＣＦ法 ：1,009円から1,600円"
     }
    }
   }
  },
  {
   "valuator": "マクサス・コーポレートアドバイザリー株式会社",
   "valuator_as_written": "マクサス・コーポレートアドバイザリー株式会社",
   "valuator_en": "Maxus Corporate Advisory Co., Ltd.",
   "side": "target",
   "method": "market_price",
   "method_label": "市場株価平均法",
   "method_en": "Market price method",
   "metrics": {
    "per_share_value": {
     "low": 990,
     "high": 1017,
     "unit": "yen_per_share",
     "source": {
      "doc_id": "S100XC7B",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100XC7B.pdf",
      "submitted": "2025-12-22",
      "quote": "市場株価平均法：990円から1,017円"
     }
    }
   }
  }
 ],
 "timeline": [
  {
   "date": "2025-12-22",
   "doc_id": "S100XC6K",
   "doc_type_code": "240",
   "doc_type": "公開買付届出書",
   "filer": "ARTS-4株式会社",
   "filer_en": "ARTS-4 Co., Ltd.",
   "description": "公開買付届出書",
   "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100XC6K.pdf"
  },
  {
   "date": "2025-12-22",
   "doc_id": "S100XC7B",
   "doc_type_code": "290",
   "doc_type": "意見表明報告書",
   "filer": "澤藤電機株式会社",
   "filer_en": "SAWAFUJI ELECTRIC CO.,LTD.",
   "description": "意見表明報告書",
   "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100XC7B.pdf"
  },
  {
   "date": "2026-02-10",
   "doc_id": "S100XKDQ",
   "doc_type_code": "270",
   "doc_type": "公開買付報告書",
   "filer": "ARTS-4株式会社",
   "filer_en": "ARTS-4 Co., Ltd.",
   "description": "公開買付報告書",
   "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100XKDQ.pdf"
  }
 ],
 "flags": [],
 "unverified_count": 0
}