{
 "schema_version": 1,
 "id": "E35423-20251107",
 "type": "TOB",
 "status": "completed",
 "announced_date": "2025-11-07",
 "target": {
  "edinet_code": "E35423",
  "sec_code": null,
  "name": "ジャパン・インフラファンド投資法人",
  "name_en": "Japan Infrastructure Fund Investment Corporation",
  "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
 },
 "acquirer": {
  "edinet_code": "E41125",
  "sec_code": null,
  "name": "MMパワー合同会社",
  "name_en": "MM Power LLC",
  "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": "S100WZVA",
 "needs_review": false,
 "review_reason": null,
 "terms": {
  "tender_price": {
   "history": [
    {
     "value": 65000,
     "unit": "yen",
     "as_of_date": null,
     "source": {
      "doc_id": "S100WZVA",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WZVA.pdf",
      "submitted": "2025-11-07",
      "quote": "本公開買付価格65,000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2025年11月５日の東京証券取引所インフラファンド市場における対象者投資口の終値53,600円に対して21.27％"
     }
    },
    {
     "value": 67000,
     "unit": "yen",
     "as_of_date": null,
     "source": {
      "doc_id": "S100XEMV",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100XEMV.pdf",
      "submitted": "2026-01-07",
      "quote": "本公開買付価格を65,000円から67,000円に変更する"
     }
    }
   ],
   "latest": {
    "value": 67000,
    "unit": "yen",
    "as_of_date": null,
    "source": {
     "doc_id": "S100XEMV",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100XEMV.pdf",
     "submitted": "2026-01-07",
     "quote": "本公開買付価格を65,000円から67,000円に変更する"
    }
   }
  },
  "min_shares": {
   "history": [
    {
     "value": 292814,
     "unit": "shares",
     "as_of_date": null,
     "source": {
      "doc_id": "S100WZVA",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WZVA.pdf",
      "submitted": "2025-11-07",
      "quote": "公開買付者は、買付予定数の下限を292,814口（所有割合：66.67％）に設定しており"
     }
    },
    {
     "value": 263532,
     "unit": "shares",
     "as_of_date": null,
     "source": {
      "doc_id": "S100XEMV",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100XEMV.pdf",
      "submitted": "2026-01-07",
      "quote": "買付予定数の下限を263,532口（所有割合：60.00％）に設定しており"
     }
    }
   ],
   "latest": {
    "value": 263532,
    "unit": "shares",
    "as_of_date": null,
    "source": {
     "doc_id": "S100XEMV",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100XEMV.pdf",
     "submitted": "2026-01-07",
     "quote": "買付予定数の下限を263,532口（所有割合：60.00％）に設定しており"
    }
   }
  },
  "period_start": {
   "history": [
    {
     "value": "2025-11-07",
     "unit": "date",
     "as_of_date": null,
     "source": {
      "doc_id": "S100XBY3",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100XBY3.pdf",
      "submitted": "2025-12-19",
      "quote": "買付け等の期間 2025年11月７日（金曜日）から2026年１月７日（水曜日）まで（38営業日）"
     }
    }
   ],
   "latest": {
    "value": "2025-11-07",
    "unit": "date",
    "as_of_date": null,
    "source": {
     "doc_id": "S100XBY3",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100XBY3.pdf",
     "submitted": "2025-12-19",
     "quote": "買付け等の期間 2025年11月７日（金曜日）から2026年１月７日（水曜日）まで（38営業日）"
    }
   }
  },
  "period_end": {
   "history": [
    {
     "value": "2026-01-07",
     "unit": "date",
     "as_of_date": null,
     "source": {
      "doc_id": "S100XBY3",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100XBY3.pdf",
      "submitted": "2025-12-19",
      "quote": "買付け等の期間 2025年11月７日（金曜日）から2026年１月７日（水曜日）まで（38営業日）"
     }
    },
    {
     "value": "2026-01-22",
     "unit": "date",
     "as_of_date": null,
     "source": {
      "doc_id": "S100XEMV",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100XEMV.pdf",
      "submitted": "2026-01-07",
      "quote": "買付け等の期間 2025年11月７日（金曜日）から2026年１月22日（木曜日）まで（48営業日）"
     }
    }
   ],
   "latest": {
    "value": "2026-01-22",
    "unit": "date",
    "as_of_date": null,
    "source": {
     "doc_id": "S100XEMV",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100XEMV.pdf",
     "submitted": "2026-01-07",
     "quote": "買付け等の期間 2025年11月７日（金曜日）から2026年１月22日（木曜日）まで（48営業日）"
    }
   }
  },
  "period_business_days": {
   "history": [
    {
     "value": 38,
     "unit": "business_days",
     "as_of_date": null,
     "source": {
      "doc_id": "S100XBY3",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100XBY3.pdf",
      "submitted": "2025-12-19",
      "quote": "買付け等の期間 2025年11月７日（金曜日）から2026年１月７日（水曜日）まで（38営業日）"
     }
    },
    {
     "value": 48,
     "unit": "business_days",
     "as_of_date": null,
     "source": {
      "doc_id": "S100XEMV",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100XEMV.pdf",
      "submitted": "2026-01-07",
      "quote": "買付け等の期間 2025年11月７日（金曜日）から2026年１月22日（木曜日）まで（48営業日）"
     }
    }
   ],
   "latest": {
    "value": 48,
    "unit": "business_days",
    "as_of_date": null,
    "source": {
     "doc_id": "S100XEMV",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100XEMV.pdf",
     "submitted": "2026-01-07",
     "quote": "買付け等の期間 2025年11月７日（金曜日）から2026年１月22日（木曜日）まで（48営業日）"
    }
   }
  }
 },
 "premiums": [
  {
   "value": 25,
   "unit": "percent",
   "as_of_date": "2025-11-05",
   "source": {
    "doc_id": "S100XEVR",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100XEVR.pdf",
    "submitted": "2026-01-08",
    "quote": "本公開買付価格67,000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2025年11月５日の東京証券取引所インフラファンド市場における本投資法人投資口の終値53,600円に対して25.00％"
   },
   "basis": "前営業日終値",
   "basis_en": "Closing price on the business day before announcement"
  },
  {
   "value": 24.23,
   "unit": "percent",
   "as_of_date": "2025-11-05",
   "source": {
    "doc_id": "S100XEVR",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100XEVR.pdf",
    "submitted": "2026-01-08",
    "quote": "同日までの過去１ヶ月間の平均投資口価格53,933円に対して24.23％"
   },
   "basis": "過去1ヶ月間の終値単純平均値",
   "basis_en": "1-month simple average closing price"
  },
  {
   "value": 26.25,
   "unit": "percent",
   "as_of_date": "2025-11-05",
   "source": {
    "doc_id": "S100XEVR",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100XEVR.pdf",
    "submitted": "2026-01-08",
    "quote": "同日までの過去３ヶ月間の平均投資口価格53,071円に対して26.25％"
   },
   "basis": "過去3ヶ月間の終値単純平均値",
   "basis_en": "3-month simple average closing price"
  },
  {
   "value": 36.61,
   "unit": "percent",
   "as_of_date": "2025-11-05",
   "source": {
    "doc_id": "S100XEVR",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100XEVR.pdf",
    "submitted": "2026-01-08",
    "quote": "同日までの過去６ヶ月間の平均投資口価格49,043円に対して36.61％"
   },
   "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": "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": "類似上場投資法人比較法",
   "method_en": "Comparable companies method",
   "metrics": {
    "per_share_value": {
     "low": 50639,
     "high": 61892,
     "unit": "yen_per_share",
     "source": {
      "doc_id": "S100X01M",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100X01M.pdf",
      "submitted": "2025-11-07",
      "quote": "類似上場投資法人比較法：50,639円～61,892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": 56138,
     "high": 70786,
     "unit": "yen_per_share",
     "source": {
      "doc_id": "S100X01M",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100X01M.pdf",
      "submitted": "2025-11-07",
      "quote": "DCF法 ：56,138円～70,786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": "市場投資口価格法",
   "method_en": "Market price method",
   "metrics": {
    "per_share_value": {
     "low": 49043,
     "high": 53933,
     "unit": "yen_per_share",
     "source": {
      "doc_id": "S100X01M",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100X01M.pdf",
      "submitted": "2025-11-07",
      "quote": "本投資法人投資口の１口当たりの投資口価値の範囲を49,043円から53,933円までと算定しているとのことです。"
     }
    }
   }
  },
  {
   "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": "other",
   "method_label": "修正純資産法",
   "method_en": "Other",
   "metrics": {
    "per_share_value": {
     "low": 64076,
     "high": 75701,
     "unit": "yen_per_share",
     "source": {
      "doc_id": "S100X01M",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100X01M.pdf",
      "submitted": "2025-11-07",
      "quote": "修正純資産法 ：64,076円～75,701円"
     }
    }
   }
  },
  {
   "valuator": "PwCアドバイザリー合同会社",
   "valuator_as_written": "PwCアドバイザリー合同会社",
   "valuator_en": "PwC Advisory LLC",
   "side": "target",
   "method": "comparable",
   "method_label": "類似投資法人比準方式",
   "method_en": "Comparable companies method",
   "metrics": {
    "per_share_value": {
     "low": 48668,
     "high": 62870,
     "unit": "yen_per_share",
     "source": {
      "doc_id": "S100X01M",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100X01M.pdf",
      "submitted": "2025-11-07",
      "quote": "類似投資法人比準方式 ：48,668円から62,870円"
     }
    }
   }
  },
  {
   "valuator": "PwCアドバイザリー合同会社",
   "valuator_as_written": "PwCアドバイザリー合同会社",
   "valuator_en": "PwC Advisory LLC",
   "side": "target",
   "method": "dcf",
   "method_label": "DCF方式",
   "method_en": "DCF method",
   "metrics": {
    "per_share_value": {
     "low": 57426,
     "high": 70193,
     "unit": "yen_per_share",
     "source": {
      "doc_id": "S100X01M",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100X01M.pdf",
      "submitted": "2025-11-07",
      "quote": "DCF方式 ：57,426円から70,193円"
     }
    }
   }
  },
  {
   "valuator": "PwCアドバイザリー合同会社",
   "valuator_as_written": "PwCアドバイザリー合同会社",
   "valuator_en": "PwC Advisory LLC",
   "side": "target",
   "method": "market_price",
   "method_label": "市場投資口価格基準方式",
   "method_en": "Market price method",
   "metrics": {
    "per_share_value": {
     "low": 49043,
     "high": 53933,
     "unit": "yen_per_share",
     "source": {
      "doc_id": "S100X01M",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100X01M.pdf",
      "submitted": "2025-11-07",
      "quote": "本投資法人投資口の１口当たり投資口価値の範囲を49,043円から53,933円までと算定しております。"
     }
    }
   }
  },
  {
   "valuator": "PwCアドバイザリー合同会社",
   "valuator_as_written": "PwCアドバイザリー合同会社",
   "valuator_en": "PwC Advisory LLC",
   "side": "target",
   "method": "other",
   "method_label": "修正簿価純資産方式",
   "method_en": "Other",
   "metrics": {
    "per_share_value": {
     "low": 64076,
     "high": 75701,
     "unit": "yen_per_share",
     "source": {
      "doc_id": "S100X01M",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100X01M.pdf",
      "submitted": "2025-11-07",
      "quote": "修正簿価純資産方式 ：64,076円から75,701円"
     }
    }
   }
  }
 ],
 "timeline": [
  {
   "date": "2025-11-07",
   "doc_id": "S100WZVA",
   "doc_type_code": "240",
   "doc_type": "公開買付届出書",
   "filer": "MMパワー合同会社",
   "filer_en": "MM Power LLC",
   "description": "公開買付届出書",
   "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WZVA.pdf"
  },
  {
   "date": "2025-11-07",
   "doc_id": "S100X01M",
   "doc_type_code": "290",
   "doc_type": "意見表明報告書",
   "filer": "ジャパン・インフラファンド投資法人",
   "filer_en": "Japan Infrastructure Fund Investment Corporation",
   "description": "意見表明報告書",
   "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100X01M.pdf"
  },
  {
   "date": "2025-12-19",
   "doc_id": "S100XBY3",
   "doc_type_code": "250",
   "doc_type": "訂正公開買付届出書",
   "filer": "MMパワー合同会社",
   "filer_en": "MM Power LLC",
   "description": "訂正公開買付届出書",
   "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100XBY3.pdf"
  },
  {
   "date": "2025-12-19",
   "doc_id": "S100XBWW",
   "doc_type_code": "300",
   "doc_type": "訂正意見表明報告書",
   "filer": "ジャパン・インフラファンド投資法人",
   "filer_en": "Japan Infrastructure Fund Investment Corporation",
   "description": "訂正意見表明報告書",
   "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100XBWW.pdf"
  },
  {
   "date": "2026-01-07",
   "doc_id": "S100XEMV",
   "doc_type_code": "250",
   "doc_type": "訂正公開買付届出書",
   "filer": "MMパワー合同会社",
   "filer_en": "MM Power LLC",
   "description": "訂正公開買付届出書",
   "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100XEMV.pdf"
  },
  {
   "date": "2026-01-08",
   "doc_id": "S100XEVR",
   "doc_type_code": "300",
   "doc_type": "訂正意見表明報告書",
   "filer": "ジャパン・インフラファンド投資法人",
   "filer_en": "Japan Infrastructure Fund Investment Corporation",
   "description": "訂正意見表明報告書",
   "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100XEVR.pdf"
  },
  {
   "date": "2026-01-23",
   "doc_id": "S100XH9D",
   "doc_type_code": "270",
   "doc_type": "公開買付報告書",
   "filer": "MMパワー合同会社",
   "filer_en": "MM Power LLC",
   "description": "公開買付報告書",
   "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100XH9D.pdf"
  }
 ],
 "flags": [
  {
   "kind": "revised",
   "subject": "tob_terms:tender_price",
   "detail": "S100XBY3: 65000.0 → S100XEMV: 67000.0"
  },
  {
   "kind": "revised",
   "subject": "tob_terms:min_shares",
   "detail": "S100WZVA: 292814.0 → S100XEMV: 263532.0"
  },
  {
   "kind": "revised",
   "subject": "tob_terms:period_end",
   "detail": "S100XBY3: 2026-01-07 → S100XEMV: 2026-01-22"
  },
  {
   "kind": "revised",
   "subject": "tob_terms:period_business_days",
   "detail": "S100XBY3: 38.0 → S100XEMV: 48.0"
  }
 ],
 "unverified_count": 0
}