SUIDO KIKO KAISHA,LTD tender offer
ID: 6403-20260206 / Deal data (JSON)
Overview
- Target
- SUIDO KIKO KAISHA,LTD (6403)
- Sector
- Machinery
- Acquirer
- METAWATER Co.,Ltd.
- Type
- TOB
- Status
- Closed
- Tender offer filing date
- 2026-02-06 Open on EDINET
Offer terms
| Item | Value | History |
|---|---|---|
| Offer price per common share | ¥4,050 [1] | — |
| Minimum shares | 669,400 shares [2] | — |
| Shares tendered | 1,493,025 shares [3] | — |
| Result | Successful [4] | — |
Premiums (as stated in filings)
| Basis | As of | Value |
|---|---|---|
| Closing price on the business day before announcement | 2026-02-04 | 14.1%[5] |
| 1-month simple average closing price | 2026-02-04 | 18.7%[6] |
| 3-month simple average closing price | 2026-02-04 | 27.0%[7] |
| 6-month simple average closing price | 2026-02-04 | 33.8%[8] |
Premiums are as stated in the filings (not recalculated from market prices).
Valuations
| Valuer | Engaged by | Method | Value per share | Discount rate | Perpetual growth rate |
|---|---|---|---|---|---|
| Mizuho Securities Co., Ltd. | Acquirer | Comparable companies method | ¥3,731 〜 ¥4,550[9] | — | — |
| Mizuho Securities Co., Ltd. | Acquirer | DCF method | ¥3,153 〜 ¥4,218[10] | — | — |
| Mizuho Securities Co., Ltd. | Acquirer | Market price method (市場株価基準法) | ¥3,026 〜 ¥3,550[11] | — | — |
| Yamada & Partners Advisory Co., Ltd. | Target | Comparable companies method | ¥4,036 〜 ¥4,872[12] | — | — |
| Yamada & Partners Advisory Co., Ltd. | Target | DCF method | ¥3,564 〜 ¥5,065[13] | 6.7% 〜 8.2%[14] | 0.0% 〜 1.0%[15] |
| Yamada & Partners Advisory Co., Ltd. | Target | Market price method (市場株価法) | ¥3,026 〜 ¥3,550[16] | — | — |
Timeline (filings)
| Filing | Date | Filer | docID |
|---|---|---|---|
| Tender Offer Registration Statement | 2026-02-06 | METAWATER Co.,Ltd. | S100XJTI |
| Position Statement | 2026-02-06 | SUIDO KIKO KAISHA,LTD | S100XJUS |
| Tender Offer Report | 2026-03-25 | METAWATER Co.,Ltd. | S100XU11 |
Sources
- Tender Offer Registration Statement (S100XJTI) 2026-02-06
Original text (Japanese): 本公開買付価格である 4,050 円は、本公開買付けの公表日の前営業日である2026年2月4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 3,550 円に対して 14.08 %
- Tender Offer Registration Statement (S100XJTI) 2026-02-06
Original text (Japanese): 買付予定数の下限を669,400株(所有割合:15.60%)
- Tender Offer Report (S100XU11) 2026-03-25
Original text (Japanese): 応募株券等の数の合計( 1,493,025 株)
- Tender Offer Report (S100XU11) 2026-03-25
Original text (Japanese): 応募株券等の数の合計( 1,493,025 株)が買付予定数の下限(669,400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。
- Position Statement (S100XJUS) 2026-02-06
Original text (Japanese): 本公開買付けの公表日の前営業日である2026年2月4日の東京証券取引所スタンダード市場における当社株式の終値3,550円に対して14.08%
- Position Statement (S100XJUS) 2026-02-06
Original text (Japanese): 同日までの過去1ヶ月間の終値単純平均値3,413円に対して18.66%
- Position Statement (S100XJUS) 2026-02-06
Original text (Japanese): 同過去3ヶ月間の終値単純平均値3,190円に対して26.96%
- Position Statement (S100XJUS) 2026-02-06
Original text (Japanese): 同過去6ヶ月間の終値単純平均値3,026円に対して33.84%のプレミアムをそれぞれ加えた価格
- Position Statement (S100XJUS) 2026-02-06
Original text (Japanese): 類似企業比較法:3,731円~4,550円
- Position Statement (S100XJUS) 2026-02-06
Original text (Japanese): DCF法 :3,153円~4,218円
- Position Statement (S100XJUS) 2026-02-06
Original text (Japanese): 市場株価基準法:3,026円~3,550円
- Position Statement (S100XJUS) 2026-02-06
Original text (Japanese): 類似会社比較法:4,036円~4,872円
- Position Statement (S100XJUS) 2026-02-06
Original text (Japanese): DCF法 :3,564円~5,065円
- Position Statement (S100XJUS) 2026-02-06
Original text (Japanese): 割引率は加重平均資本コストを採用し、6.67%~8.15%を採用しており
- Position Statement (S100XJUS) 2026-02-06
Original text (Japanese): 永久成長率を0%~1%とし
- Position Statement (S100XJUS) 2026-02-06
Original text (Japanese): 市場株価法 :3,026円~3,550円