{
 "schema_version": 1,
 "id": "4837-20231113",
 "type": "MBO",
 "status": "completed",
 "announced_date": "2023-11-13",
 "target": {
  "edinet_code": "E05265",
  "sec_code": "4837",
  "name": "シダックス株式会社",
  "name_en": "Shidax Corporation",
  "industry": "サービス業",
  "industry_en": "Services"
 },
 "acquirer": {
  "edinet_code": "E22749",
  "sec_code": null,
  "name": "志太ホールディングス株式会社",
  "name_en": "Shida Holdings 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": "S100S9I4",
 "needs_review": false,
 "review_reason": null,
 "terms": {
  "tender_price": {
   "history": [
    {
     "value": 800,
     "unit": "yen",
     "as_of_date": null,
     "source": {
      "doc_id": "S100S9I4",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100S9I4.pdf",
      "submitted": "2023-11-13",
      "quote": "対象者株式１株当たりの買付け等の価格(以下「本公開買付価格」といいます。)は800円。"
     }
    }
   ],
   "latest": {
    "value": 800,
    "unit": "yen",
    "as_of_date": null,
    "source": {
     "doc_id": "S100S9I4",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100S9I4.pdf",
     "submitted": "2023-11-13",
     "quote": "対象者株式１株当たりの買付け等の価格(以下「本公開買付価格」といいます。)は800円。"
    }
   }
  },
  "min_shares": {
   "history": [
    {
     "value": 27392800,
     "unit": "shares",
     "as_of_date": null,
     "source": {
      "doc_id": "S100S9I4",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100S9I4.pdf",
      "submitted": "2023-11-13",
      "quote": "公開買付者は、本公開買付けにおける買付予定数の下限を27,392,800株(所有割合：49.99％)と設定しており"
     }
    }
   ],
   "latest": {
    "value": 27392800,
    "unit": "shares",
    "as_of_date": null,
    "source": {
     "doc_id": "S100S9I4",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100S9I4.pdf",
     "submitted": "2023-11-13",
     "quote": "公開買付者は、本公開買付けにおける買付予定数の下限を27,392,800株(所有割合：49.99％)と設定しており"
    }
   }
  },
  "is_mbo": {
   "history": [
    {
     "value": "該当",
     "unit": "text",
     "as_of_date": null,
     "source": {
      "doc_id": "S100S9I4",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100S9I4.pdf",
      "submitted": "2023-11-13",
      "quote": "なお、本取引は、いわゆるマネジメント・バイアウト(MBO)(注２)に該当し"
     }
    }
   ],
   "latest": {
    "value": "該当",
    "unit": "text",
    "as_of_date": null,
    "source": {
     "doc_id": "S100S9I4",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100S9I4.pdf",
     "submitted": "2023-11-13",
     "quote": "なお、本取引は、いわゆるマネジメント・バイアウト(MBO)(注２)に該当し"
    }
   }
  },
  "tendered_shares": {
   "history": [
    {
     "value": 35481483,
     "unit": "shares",
     "as_of_date": null,
     "source": {
      "doc_id": "S100SJKL",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100SJKL.pdf",
      "submitted": "2023-12-26",
      "quote": "応募株券等の総数( 35,481,483 株)"
     }
    }
   ],
   "latest": {
    "value": 35481483,
    "unit": "shares",
    "as_of_date": null,
    "source": {
     "doc_id": "S100SJKL",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100SJKL.pdf",
     "submitted": "2023-12-26",
     "quote": "応募株券等の総数( 35,481,483 株)"
    }
   }
  },
  "result": {
   "history": [
    {
     "value": "成立",
     "unit": "text",
     "as_of_date": null,
     "source": {
      "doc_id": "S100SJKL",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100SJKL.pdf",
      "submitted": "2023-12-26",
      "quote": "応募株券等の総数( 35,481,483 株)が買付予定数の下限(27,392,800株)以上となりましたので"
     }
    }
   ],
   "latest": {
    "value": "成立",
    "unit": "text",
    "as_of_date": null,
    "source": {
     "doc_id": "S100SJKL",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100SJKL.pdf",
     "submitted": "2023-12-26",
     "quote": "応募株券等の総数( 35,481,483 株)が買付予定数の下限(27,392,800株)以上となりましたので"
    }
   }
  }
 },
 "premiums": [
  {
   "value": 10.34,
   "unit": "percent",
   "as_of_date": "2023-11-09",
   "source": {
    "doc_id": "S100S9KD",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100S9KD.pdf",
    "submitted": "2023-11-13",
    "quote": "本公開買付けの公表日の前営業日である2023年11月９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725円に対して10.34％"
   },
   "basis": "前営業日終値",
   "basis_en": "Closing price on the business day before announcement"
  },
  {
   "value": 18.34,
   "unit": "percent",
   "as_of_date": "2023-11-09",
   "source": {
    "doc_id": "S100S9KD",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100S9KD.pdf",
    "submitted": "2023-11-13",
    "quote": "2023年11月９日までの過去１ヶ月間の終値単純平均値676円に対して18.34％"
   },
   "basis": "過去1ヶ月間の終値単純平均値",
   "basis_en": "1-month simple average closing price"
  },
  {
   "value": 33.33,
   "unit": "percent",
   "as_of_date": "2023-11-09",
   "source": {
    "doc_id": "S100S9KD",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100S9KD.pdf",
    "submitted": "2023-11-13",
    "quote": "過去３ヶ月間の終値単純平均値600円に対して33.33％"
   },
   "basis": "過去3ヶ月間の終値単純平均値",
   "basis_en": "3-month simple average closing price"
  },
  {
   "value": 27.39,
   "unit": "percent",
   "as_of_date": "2023-11-09",
   "source": {
    "doc_id": "S100S9KD",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100S9KD.pdf",
    "submitted": "2023-11-13",
    "quote": "過去６ヶ月間の終値単純平均値628円に対して27.39％のプレミアム"
   },
   "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": "S100S9KD",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100S9KD.pdf",
    "submitted": "2023-11-13",
    "quote": "公開買付者は、当社株式（但し、公開買付者が所有する当社株式及び当社が所有する自己株式を除きます。）の全てを取得し、当社株式を非公開化するための一連の取引"
   }
  },
  "discount_tob": {
   "value": false,
   "source": null
  },
  "acquirer_type": {
   "value": "management",
   "source": {
    "doc_id": "S100S9KD",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100S9KD.pdf",
    "submitted": "2023-11-13",
    "quote": "本取引は、いわゆるマネジメント・バイアウト（MBO）（注２）に該当し"
   }
  },
  "auction": {
   "value": false,
   "source": null
  },
  "competing_offer": {
   "value": false,
   "source": null
  },
  "special_committee": {
   "value": true,
   "source": {
    "doc_id": "S100S9KD",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100S9KD.pdf",
    "submitted": "2023-11-13",
    "quote": "2023年８月30日開催の当社取締役会の決議に基づき、特別委員会（以下「本特別委員会」といいます。"
   }
  },
  "sc_own_valuer": null,
  "fairness_opinions": [],
  "proposals": [
   {
    "date": "2023-10-02",
    "price": 699,
    "proposer": "acquirer",
    "source": {
     "doc_id": "S100S9KD",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100S9KD.pdf",
     "submitted": "2023-11-13",
     "quote": "2023年10月２日に当社に対して、本公開買付価格を１株当たり699円"
    }
   },
   {
    "date": "2023-10-17",
    "price": 740,
    "proposer": "acquirer",
    "source": {
     "doc_id": "S100S9KD",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100S9KD.pdf",
     "submitted": "2023-11-13",
     "quote": "2023年10月17日に本公開買付価格を１株当たり740円"
    }
   },
   {
    "date": "2023-10-24",
    "price": 770,
    "proposer": "acquirer",
    "source": {
     "doc_id": "S100S9KD",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100S9KD.pdf",
     "submitted": "2023-11-13",
     "quote": "公開買付者は2023年10月24日に本公開買付価格を１株当たり770円"
    }
   },
   {
    "date": "2023-10-31",
    "price": 790,
    "proposer": "acquirer",
    "source": {
     "doc_id": "S100S9KD",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100S9KD.pdf",
     "submitted": "2023-11-13",
     "quote": "公開買付者は2023年10月31日に本公開買付価格を１株当たり790円"
    }
   },
   {
    "date": "2023-11-02",
    "price": 824,
    "proposer": "target_or_committee",
    "source": {
     "doc_id": "S100S9KD",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100S9KD.pdf",
     "submitted": "2023-11-13",
     "quote": "2023年11月２日に本特別委員会から、依然として当社の企業価値及び株主利益に鑑み不十分であるため、公開買付価格を824円とすることの要請を受ける"
    }
   },
   {
    "date": "2023-11-06",
    "price": 800,
    "proposer": "acquirer",
    "source": {
     "doc_id": "S100S9KD",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100S9KD.pdf",
     "submitted": "2023-11-13",
     "quote": "公開買付者は2023年11月６日に本公開買付価格を１株当たり800円"
    }
   },
   {
    "date": "2023-11-08",
    "price": 824,
    "proposer": "target_or_committee",
    "source": {
     "doc_id": "S100S9KD",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100S9KD.pdf",
     "submitted": "2023-11-13",
     "quote": "2023年11月８日に本特別委員会から、公開買付者に対し、本公開買付価格の提案価格の800円は、公開買付者が当社の少数株主の利益に一定の配慮を見せたものと理解できるものの、当社株式を保有する一般株主の利益に最大限配慮する観点から、公開買付価格を824円とすることの要請を再度受けた"
    }
   },
   {
    "date": "2023-11-09",
    "price": 800,
    "proposer": "acquirer",
    "source": {
     "doc_id": "S100S9KD",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100S9KD.pdf",
     "submitted": "2023-11-13",
     "quote": "2023年11月９日に当社に対して、本公開買付価格を800円（2023年11月９日の当社株式の終値725円に対して10.34％、同日を基準とした過去１ヶ月間の終値単純平均676円に対して18.34％、過去３ヶ月間の終値単純平均値600円に対して33.33％、過去６ヶ月間の終値単純平均値628円に対して27.39％のプレミアム）とすることを再度提案し"
    }
   }
  ],
  "initial_offer": 699,
  "offer_raise_pct": 14.45,
  "offer_rounds": 5,
  "negotiation_excluded": null,
  "category": "delisting",
  "category_basis": "filing"
 },
 "valuations": [
  {
   "valuator": "株式会社AGSコンサルティング",
   "valuator_as_written": "株式会社AGSコンサルティング",
   "valuator_en": "AGS Consulting Co., Ltd.",
   "side": "target",
   "method": "dcf",
   "method_label": "DCF法",
   "method_en": "DCF method",
   "metrics": {
    "per_share_value": {
     "low": 657,
     "high": 917,
     "unit": "yen_per_share",
     "source": {
      "doc_id": "S100S9KD",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100S9KD.pdf",
      "submitted": "2023-11-13",
      "quote": "DCF法 ：657円から917円"
     }
    },
    "discount_rate": {
     "low": 7.66,
     "high": 9.66,
     "unit": "percent",
     "source": {
      "doc_id": "S100S9KD",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100S9KD.pdf",
      "submitted": "2023-11-13",
      "quote": "割引率は加重平均資本コスト（WACC：Weighted Average Cost of Capital）とし、7.66％から9.66％を採用しており"
     }
    },
    "perpetual_growth_rate": {
     "low": -0.5,
     "high": 0.5,
     "unit": "percent",
     "source": {
      "doc_id": "S100S9KD",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100S9KD.pdf",
      "submitted": "2023-11-13",
      "quote": "永久成長率を△0.5％から0.5％として分析しております"
     }
    }
   }
  },
  {
   "valuator": "株式会社AGSコンサルティング",
   "valuator_as_written": "株式会社AGSコンサルティング",
   "valuator_en": "AGS Consulting Co., Ltd.",
   "side": "target",
   "method": "market_price",
   "method_label": "市場株価法",
   "method_en": "Market price method",
   "metrics": {
    "per_share_value": {
     "low": 600,
     "high": 725,
     "unit": "yen_per_share",
     "source": {
      "doc_id": "S100S9KD",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100S9KD.pdf",
      "submitted": "2023-11-13",
      "quote": "市場株価法：600円から725円"
     }
    }
   }
  }
 ],
 "timeline": [
  {
   "date": "2023-11-13",
   "doc_id": "S100S9I4",
   "doc_type_code": "240",
   "doc_type": "公開買付届出書",
   "filer": "志太ホールディングス株式会社",
   "filer_en": "Shida Holdings Co., Ltd.",
   "description": "公開買付届出書",
   "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100S9I4.pdf"
  },
  {
   "date": "2023-11-13",
   "doc_id": "S100S9KD",
   "doc_type_code": "290",
   "doc_type": "意見表明報告書",
   "filer": "シダックス株式会社",
   "filer_en": "Shidax Corporation",
   "description": "意見表明報告書",
   "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100S9KD.pdf"
  },
  {
   "date": "2023-12-26",
   "doc_id": "S100SJKL",
   "doc_type_code": "270",
   "doc_type": "公開買付報告書",
   "filer": "志太ホールディングス株式会社",
   "filer_en": "Shida Holdings Co., Ltd.",
   "description": "公開買付報告書",
   "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100SJKL.pdf"
  }
 ],
 "related": [],
 "flags": [],
 "unverified_count": 0
}