{
 "schema_version": 1,
 "id": "3540-20250808",
 "type": "TOB",
 "status": "completed",
 "announced_date": "2025-08-08",
 "target": {
  "edinet_code": "E32453",
  "sec_code": "3540",
  "name": "株式会社歯愛メディカル",
  "name_en": "Shiai Medical Co., Ltd.",
  "industry": "卸売業",
  "industry_en": "Wholesale Trade"
 },
 "acquirer": {
  "edinet_code": "E00792",
  "sec_code": "4088",
  "name": "エア・ウォーター株式会社",
  "name_en": "AIR WATER INC.",
  "industry": "化学",
  "industry_en": "Chemicals"
 },
 "anchor_doc_id": "S100WI23",
 "needs_review": false,
 "review_reason": null,
 "terms": {
  "tender_price": {
   "history": [
    {
     "value": 1500,
     "unit": "yen",
     "as_of_date": null,
     "source": {
      "doc_id": "S100WI23",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WI23.pdf",
      "submitted": "2025-08-08",
      "quote": "本公開買付価格を１株当たり1,500円とすることを決定いたしました。"
     }
    }
   ],
   "latest": {
    "value": 1500,
    "unit": "yen",
    "as_of_date": null,
    "source": {
     "doc_id": "S100WI23",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WI23.pdf",
     "submitted": "2025-08-08",
     "quote": "本公開買付価格を１株当たり1,500円とすることを決定いたしました。"
    }
   }
  },
  "period_start": {
   "history": [
    {
     "value": "2025-08-08",
     "unit": "date",
     "as_of_date": null,
     "source": {
      "doc_id": "S100WPZL",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WPZL.pdf",
      "submitted": "2025-09-19",
      "quote": "買付け等の期間 2025年８月８日(金曜日)から2025年10月６日(月曜日)まで(39営業日)"
     }
    }
   ],
   "latest": {
    "value": "2025-08-08",
    "unit": "date",
    "as_of_date": null,
    "source": {
     "doc_id": "S100WPZL",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WPZL.pdf",
     "submitted": "2025-09-19",
     "quote": "買付け等の期間 2025年８月８日(金曜日)から2025年10月６日(月曜日)まで(39営業日)"
    }
   }
  },
  "period_end": {
   "history": [
    {
     "value": "2025-10-06",
     "unit": "date",
     "as_of_date": null,
     "source": {
      "doc_id": "S100WPZL",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WPZL.pdf",
      "submitted": "2025-09-19",
      "quote": "買付け等の期間 2025年８月８日(金曜日)から2025年10月６日(月曜日)まで(39営業日)"
     }
    }
   ],
   "latest": {
    "value": "2025-10-06",
    "unit": "date",
    "as_of_date": null,
    "source": {
     "doc_id": "S100WPZL",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WPZL.pdf",
     "submitted": "2025-09-19",
     "quote": "買付け等の期間 2025年８月８日(金曜日)から2025年10月６日(月曜日)まで(39営業日)"
    }
   }
  },
  "period_business_days": {
   "history": [
    {
     "value": 39,
     "unit": "business_days",
     "as_of_date": null,
     "source": {
      "doc_id": "S100WPZL",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WPZL.pdf",
      "submitted": "2025-09-19",
      "quote": "買付け等の期間 2025年８月８日(金曜日)から2025年10月６日(月曜日)まで(39営業日)"
     }
    }
   ],
   "latest": {
    "value": 39,
    "unit": "business_days",
    "as_of_date": null,
    "source": {
     "doc_id": "S100WPZL",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WPZL.pdf",
     "submitted": "2025-09-19",
     "quote": "買付け等の期間 2025年８月８日(金曜日)から2025年10月６日(月曜日)まで(39営業日)"
    }
   }
  }
 },
 "premiums": [
  {
   "value": 52.13,
   "unit": "percent",
   "as_of_date": "2025-08-06",
   "source": {
    "doc_id": "S100WI9T",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WI9T.pdf",
    "submitted": "2025-08-08",
    "quote": "東京証券取引所スタンダード市場における当社株式の基準日の終値986円に対して52.13％"
   },
   "basis": "前営業日終値",
   "basis_en": "Closing price on the business day before announcement"
  },
  {
   "value": 53.22,
   "unit": "percent",
   "as_of_date": "2025-08-06",
   "source": {
    "doc_id": "S100WI9T",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WI9T.pdf",
    "submitted": "2025-08-08",
    "quote": "基準日までの直近１ヶ月間の終値単純平均値979円に対して53.22％"
   },
   "basis": "過去1ヶ月間の終値単純平均値",
   "basis_en": "1-month simple average closing price"
  },
  {
   "value": 53.69,
   "unit": "percent",
   "as_of_date": "2025-08-06",
   "source": {
    "doc_id": "S100WI9T",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WI9T.pdf",
    "submitted": "2025-08-08",
    "quote": "同直近３ヶ月間の終値単純平均値976円に対して53.69％"
   },
   "basis": "過去3ヶ月間の終値単純平均値",
   "basis_en": "3-month simple average closing price"
  },
  {
   "value": 65.93,
   "unit": "percent",
   "as_of_date": "2025-08-06",
   "source": {
    "doc_id": "S100WI9T",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WI9T.pdf",
    "submitted": "2025-08-08",
    "quote": "同直近６ヶ月間の終値単純平均値904円に対して65.93％のプレミアムが加算されたものであり"
   },
   "basis": "過去6ヶ月間の終値単純平均値",
   "basis_en": "6-month simple average closing price"
  }
 ],
 "profile": {
  "extracted": true,
  "listing": {
   "value": "delist",
   "source": {
    "doc_id": "S100WI9T",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WI9T.pdf",
    "submitted": "2025-08-08",
    "quote": "また、当社株式の非公開化により、当社株式の上場を維持するために必要な費用（有価証券報告書等の継続的な情報開示に要する費用、監査費用、株主総会の運営や株主名簿管理人への事務委託に要する費用等）を削減することができ"
   }
  },
  "discount_tob": {
   "value": false,
   "source": null
  },
  "acquirer_type": {
   "value": "parent",
   "source": {
    "doc_id": "S100WI9T",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WI9T.pdf",
    "submitted": "2025-08-08",
    "quote": "公開買付者は当社の議決権の38.29％を保有する当社のその他の関係会社であり"
   }
  },
  "auction": {
   "value": false,
   "source": {
    "doc_id": "S100WI9T",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WI9T.pdf",
    "submitted": "2025-08-08",
    "quote": "本取引においては、積極的なマーケット・チェックが実施されていないものの"
   }
  },
  "competing_offer": {
   "value": false,
   "source": null
  },
  "special_committee": {
   "value": true,
   "source": {
    "doc_id": "S100WI9T",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WI9T.pdf",
    "submitted": "2025-08-08",
    "quote": "当社の社外取締役である奥澤明氏及び平野茂樹氏並びに社外監査役である園部敏之氏の３名によって構成される、公開買付者、清水清人氏及び当社並びに本取引の成否のいずれからも独立した特別委員会（以下「本特別委員会」といいます。）を設置いたしました"
   }
  },
  "sc_own_valuer": null,
  "fairness_opinions": [],
  "proposals": [
   {
    "date": "2025-07-11",
    "price": 1050,
    "proposer": "acquirer",
    "source": {
     "doc_id": "S100WI9T",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WI9T.pdf",
     "submitted": "2025-08-08",
     "quote": "公開買付者は、2025年７月11日に、本公開買付価格に関する最初の提案（当社株式１株当たり1,050円"
    }
   },
   {
    "date": "2025-07-18",
    "price": 1100,
    "proposer": "acquirer",
    "source": {
     "doc_id": "S100WI9T",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WI9T.pdf",
     "submitted": "2025-08-08",
     "quote": "公開買付者は2025年７月18日に、本公開買付価格に関する２回目の提案（当社株式１株当たり1,100円"
    }
   },
   {
    "date": "2025-08-01",
    "price": 1250,
    "proposer": "acquirer",
    "source": {
     "doc_id": "S100WI9T",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WI9T.pdf",
     "submitted": "2025-08-08",
     "quote": "公開買付者は2025年８月１日に、本公開買付価格に関する３回目の提案（当社株式１株当たり1,250円"
    }
   },
   {
    "date": "2025-08-05",
    "price": 1500,
    "proposer": "acquirer",
    "source": {
     "doc_id": "S100WI9T",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WI9T.pdf",
     "submitted": "2025-08-08",
     "quote": "公開買付者は2025年８月５日に、本公開買付価格に関する４回目の提案（当社株式１株当たり1,500円"
    }
   }
  ],
  "initial_offer": 1050,
  "offer_raise_pct": 42.86,
  "offer_rounds": 4,
  "negotiation_excluded": null,
  "category": "delisting",
  "category_basis": "filing"
 },
 "valuations": [
  {
   "valuator": "みかがみ監査法人",
   "valuator_as_written": "みかがみ監査法人",
   "valuator_en": "Mikagami Audit Corporation",
   "side": "acquirer",
   "method": "dcf",
   "method_label": "ＤＣＦ法",
   "method_en": "DCF method",
   "metrics": {
    "per_share_value": {
     "low": 1198,
     "high": 1588,
     "unit": "yen_per_share",
     "source": {
      "doc_id": "S100WI9T",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WI9T.pdf",
      "submitted": "2025-08-08",
      "quote": "ＤＣＦ法 ：1,198円～1,588円"
     }
    }
   }
  },
  {
   "valuator": "みかがみ監査法人",
   "valuator_as_written": "みかがみ監査法人",
   "valuator_en": "Mikagami Audit Corporation",
   "side": "acquirer",
   "method": "market_price",
   "method_label": "市場株価法",
   "method_en": "Market price method",
   "metrics": {
    "per_share_value": {
     "low": 904,
     "high": 986,
     "unit": "yen_per_share",
     "source": {
      "doc_id": "S100WI9T",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WI9T.pdf",
      "submitted": "2025-08-08",
      "quote": "市場株価法：904円～986円"
     }
    }
   }
  },
  {
   "valuator": "みずほ証券株式会社",
   "valuator_as_written": "みずほ証券株式会社",
   "valuator_en": "Mizuho Securities Co., Ltd.",
   "side": "target",
   "method": "comparable",
   "method_label": "類似企業比較法",
   "method_en": "Comparable companies method",
   "metrics": {
    "per_share_value": {
     "low": 748,
     "high": 1028,
     "unit": "yen_per_share",
     "source": {
      "doc_id": "S100WI9T",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WI9T.pdf",
      "submitted": "2025-08-08",
      "quote": "類似企業比較法：748円から1,028円"
     }
    }
   }
  },
  {
   "valuator": "みずほ証券株式会社",
   "valuator_as_written": "みずほ証券株式会社",
   "valuator_en": "Mizuho Securities Co., Ltd.",
   "side": "target",
   "method": "dcf",
   "method_label": "ＤＣＦ法",
   "method_en": "DCF method",
   "metrics": {
    "per_share_value": {
     "low": 901,
     "high": 1583,
     "unit": "yen_per_share",
     "source": {
      "doc_id": "S100WI9T",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WI9T.pdf",
      "submitted": "2025-08-08",
      "quote": "ＤＣＦ法 ：901円から1,583円"
     }
    },
    "discount_rate": {
     "low": 6,
     "high": 8,
     "unit": "percent",
     "source": {
      "doc_id": "S100WI9T",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WI9T.pdf",
      "submitted": "2025-08-08",
      "quote": "割引率は加重平均資本コストとし、6.0％～8.0％を採用しております。"
     }
    },
    "perpetual_growth_rate": {
     "low": 0,
     "high": 2,
     "unit": "percent",
     "source": {
      "doc_id": "S100WI23",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WI23.pdf",
      "submitted": "2025-08-08",
      "quote": "永久成長法では永久成長率を、外部環境等を総合的に勘案の上、0.0％～2.0％とし"
     }
    }
   }
  },
  {
   "valuator": "みずほ証券株式会社",
   "valuator_as_written": "みずほ証券株式会社",
   "valuator_en": "Mizuho Securities Co., Ltd.",
   "side": "target",
   "method": "dcf",
   "method_label": "ＤＣＦ法（永久成長法）",
   "method_en": "DCF method",
   "metrics": {
    "perpetual_growth_rate": {
     "low": 0,
     "high": 2,
     "unit": "percent",
     "source": {
      "doc_id": "S100WI9T",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WI9T.pdf",
      "submitted": "2025-08-08",
      "quote": "永久成長法では永久成長率を、外部環境等を総合的に勘案の上、0.0％～2.0％とし"
     }
    }
   }
  },
  {
   "valuator": "みずほ証券株式会社",
   "valuator_as_written": "みずほ証券株式会社",
   "valuator_en": "Mizuho Securities Co., Ltd.",
   "side": "target",
   "method": "market_price",
   "method_label": "市場株価基準法",
   "method_en": "Market price method",
   "metrics": {
    "per_share_value": {
     "low": 904,
     "high": 986,
     "unit": "yen_per_share",
     "source": {
      "doc_id": "S100WI9T",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WI9T.pdf",
      "submitted": "2025-08-08",
      "quote": "市場株価基準法：904円から986円"
     }
    }
   }
  }
 ],
 "timeline": [
  {
   "date": "2025-08-08",
   "doc_id": "S100WI23",
   "doc_type_code": "240",
   "doc_type": "公開買付届出書",
   "filer": "エア・ウォーター株式会社",
   "filer_en": "AIR WATER INC.",
   "description": "公開買付届出書",
   "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WI23.pdf"
  },
  {
   "date": "2025-08-08",
   "doc_id": "S100WI9T",
   "doc_type_code": "290",
   "doc_type": "意見表明報告書",
   "filer": "株式会社歯愛メディカル",
   "filer_en": "Shiai Medical Co., Ltd.",
   "description": "意見表明報告書",
   "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WI9T.pdf"
  },
  {
   "date": "2025-09-19",
   "doc_id": "S100WPZL",
   "doc_type_code": "250",
   "doc_type": "訂正公開買付届出書",
   "filer": "エア・ウォーター株式会社",
   "filer_en": "AIR WATER INC.",
   "description": "訂正公開買付届出書",
   "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WPZL.pdf"
  },
  {
   "date": "2025-09-19",
   "doc_id": "S100WQ3I",
   "doc_type_code": "300",
   "doc_type": "訂正意見表明報告書",
   "filer": "株式会社歯愛メディカル",
   "filer_en": "Shiai Medical Co., Ltd.",
   "description": "訂正意見表明報告書",
   "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WQ3I.pdf"
  },
  {
   "date": "2025-10-07",
   "doc_id": "S100WTRQ",
   "doc_type_code": "270",
   "doc_type": "公開買付報告書",
   "filer": "エア・ウォーター株式会社",
   "filer_en": "AIR WATER INC.",
   "description": "公開買付報告書",
   "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100WTRQ.pdf"
  }
 ],
 "related": [],
 "flags": [],
 "unverified_count": 0
}