{
 "schema_version": 1,
 "id": "6271-20211109",
 "type": "TOB",
 "status": "completed",
 "announced_date": "2021-11-09",
 "target": {
  "edinet_code": "E01641",
  "sec_code": "6271",
  "name": "株式会社ニッセイ",
  "name_en": "Nissei 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
 },
 "acquirer": {
  "edinet_code": "E01594",
  "sec_code": "6448",
  "name": "ブラザー工業株式会社",
  "name_en": "BROTHER INDUSTRIES LTD.",
  "industry": "電気機器",
  "industry_en": "Electric Appliances"
 },
 "anchor_doc_id": "S100MR9K",
 "needs_review": false,
 "review_reason": null,
 "terms": {
  "tender_price": {
   "history": [
    {
     "value": 1500,
     "unit": "yen",
     "as_of_date": null,
     "source": {
      "doc_id": "S100MR9K",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100MR9K.pdf",
      "submitted": "2021-11-09",
      "quote": "本公開買付価格を１株当たり1,500円と決定いたしました"
     }
    }
   ],
   "latest": {
    "value": 1500,
    "unit": "yen",
    "as_of_date": null,
    "source": {
     "doc_id": "S100MR9K",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100MR9K.pdf",
     "submitted": "2021-11-09",
     "quote": "本公開買付価格を１株当たり1,500円と決定いたしました"
    }
   }
  },
  "min_shares": {
   "history": [
    {
     "value": 1801242,
     "unit": "shares",
     "as_of_date": null,
     "source": {
      "doc_id": "S100MR9K",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100MR9K.pdf",
      "submitted": "2021-11-09",
      "quote": "応募株券等の総数が買付予定数の下限（1,801,242株）に満たない場合は、応募株券等の全部の買付けを行いません。"
     }
    }
   ],
   "latest": {
    "value": 1801242,
    "unit": "shares",
    "as_of_date": null,
    "source": {
     "doc_id": "S100MR9K",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100MR9K.pdf",
     "submitted": "2021-11-09",
     "quote": "応募株券等の総数が買付予定数の下限（1,801,242株）に満たない場合は、応募株券等の全部の買付けを行いません。"
    }
   }
  },
  "tendered_shares": {
   "history": [
    {
     "value": 10134122,
     "unit": "shares",
     "as_of_date": null,
     "source": {
      "doc_id": "S100N3QD",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100N3QD.pdf",
      "submitted": "2021-12-22",
      "quote": "応募株券等の総数（10,134,122株）が買付予定数の下限（1,801,242株）以上となりましたので"
     }
    }
   ],
   "latest": {
    "value": 10134122,
    "unit": "shares",
    "as_of_date": null,
    "source": {
     "doc_id": "S100N3QD",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100N3QD.pdf",
     "submitted": "2021-12-22",
     "quote": "応募株券等の総数（10,134,122株）が買付予定数の下限（1,801,242株）以上となりましたので"
    }
   }
  },
  "result": {
   "history": [
    {
     "value": "成立",
     "unit": "text",
     "as_of_date": null,
     "source": {
      "doc_id": "S100N3QD",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100N3QD.pdf",
      "submitted": "2021-12-22",
      "quote": "応募株券等の総数（10,134,122株）が買付予定数の下限（1,801,242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を行います。"
     }
    }
   ],
   "latest": {
    "value": "成立",
    "unit": "text",
    "as_of_date": null,
    "source": {
     "doc_id": "S100N3QD",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100N3QD.pdf",
     "submitted": "2021-12-22",
     "quote": "応募株券等の総数（10,134,122株）が買付予定数の下限（1,801,242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を行います。"
    }
   }
  }
 },
 "premiums": [
  {
   "value": 44.23,
   "unit": "percent",
   "as_of_date": "2021-11-05",
   "source": {
    "doc_id": "S100MRGF",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100MRGF.pdf",
    "submitted": "2021-11-09",
    "quote": "2021年11月５日の東京証券取引所市場第二部における当社株式の終値1,040円に対して44.23％"
   },
   "basis": "前営業日終値",
   "basis_en": "Closing price on the business day before announcement"
  },
  {
   "value": 42.99,
   "unit": "percent",
   "as_of_date": "2021-11-05",
   "source": {
    "doc_id": "S100MRGF",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100MRGF.pdf",
    "submitted": "2021-11-09",
    "quote": "同日までの過去１ヶ月間の終値単純平均値1,049円に対して42.99％"
   },
   "basis": "過去1ヶ月間の終値単純平均値",
   "basis_en": "1-month simple average closing price"
  },
  {
   "value": 42.31,
   "unit": "percent",
   "as_of_date": "2021-11-05",
   "source": {
    "doc_id": "S100MRGF",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100MRGF.pdf",
    "submitted": "2021-11-09",
    "quote": "同日までの過去３ヶ月間の終値単純平均値1,054円に対して42.31％"
   },
   "basis": "過去3ヶ月間の終値単純平均値",
   "basis_en": "3-month simple average closing price"
  },
  {
   "value": 43.54,
   "unit": "percent",
   "as_of_date": "2021-11-05",
   "source": {
    "doc_id": "S100MRGF",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100MRGF.pdf",
    "submitted": "2021-11-09",
    "quote": "同日までの過去６ヶ月間の終値単純平均値1,045円に対して43.54％"
   },
   "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": "S100MRGF",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100MRGF.pdf",
    "submitted": "2021-11-09",
    "quote": "公開買付者は、当社の完全子会社化を企図しているため、本公開買付けにおいて、1,801,242株（所有割合：6.50％）（注２）を買付予定数の下限として設定しているとのことです。"
   }
  },
  "discount_tob": {
   "value": false,
   "source": null
  },
  "acquirer_type": {
   "value": "parent",
   "source": {
    "doc_id": "S100MRGF",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100MRGF.pdf",
    "submitted": "2021-11-09",
    "quote": "公開買付者グループ（公開買付者並びにその連結子会社及び持分法適用関連会社をいいます。以下同じです。）は、本書提出日現在、公開買付者、当社を含む連結子会社111社、及び持分法適用関連会社７社で構成されており"
   }
  },
  "auction": {
   "value": false,
   "source": null
  },
  "competing_offer": {
   "value": false,
   "source": null
  },
  "special_committee": {
   "value": true,
   "source": {
    "doc_id": "S100MRGF",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100MRGF.pdf",
    "submitted": "2021-11-09",
    "quote": "高橋源樹氏（当社独立社外取締役）、永田達也氏（当社独立社外取締役）、高橋明人氏（弁護士、高橋・片山法律事務所）及び長谷川臣介氏（公認会計士・税理士、長谷川公認会計士事務所）の４名から構成される特別委員会（以下「本特別委員会」といいます。"
   }
  },
  "sc_own_valuer": {
   "value": "株式会社プルータス・コンサルティング",
   "source": {
    "doc_id": "S100MRGF",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100MRGF.pdf",
    "submitted": "2021-11-09",
    "quote": "本特別委員会において、当社及び公開買付者から独立した財務アドバイザー及び第三者算定機関として株式会社プルータス・コンサルティング（以下「プルータス」といいます。）を独自に選任し"
   }
  },
  "fairness_opinions": [],
  "proposals": [
   {
    "date": "2021-10-01",
    "price": 1250,
    "proposer": "acquirer",
    "source": {
     "doc_id": "S100MRGF",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100MRGF.pdf",
     "submitted": "2021-11-09",
     "quote": "2021年10月１日に本公開買付けにおける当社株式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。）を1,250円とする最初の提案を行いましたが"
    }
   },
   {
    "date": "2021-10-08",
    "price": 1350,
    "proposer": "acquirer",
    "source": {
     "doc_id": "S100MRGF",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100MRGF.pdf",
     "submitted": "2021-11-09",
     "quote": "同月８日に本公開買付価格を1,350円としたい旨の提案を行いましたが"
    }
   },
   {
    "date": "2021-10-15",
    "price": 1400,
    "proposer": "acquirer",
    "source": {
     "doc_id": "S100MRGF",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100MRGF.pdf",
     "submitted": "2021-11-09",
     "quote": "公開買付者は、同月15日に本公開買付価格を1,400円としたいとの提案を行いましたが"
    }
   },
   {
    "date": "2021-10-25",
    "price": 1400,
    "proposer": "acquirer",
    "source": {
     "doc_id": "S100MRGF",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100MRGF.pdf",
     "submitted": "2021-11-09",
     "quote": "公開買付者は、同月25日に、改めて検討の上、本取引実行の安定性の観点を考慮しても、本公開買付価格は1,400円とするのが妥当であると考え、本公開買付価格は前回の提案に引き続き1,400円としたいとの提案を行いましたが"
    }
   },
   {
    "date": "2021-10-29",
    "price": 1450,
    "proposer": "acquirer",
    "source": {
     "doc_id": "S100MRGF",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100MRGF.pdf",
     "submitted": "2021-11-09",
     "quote": "同月29日に本公開買付価格を1,450円としたいとの提案を行いましたが"
    }
   },
   {
    "date": "2021-11-01",
    "price": 1500,
    "proposer": "acquirer",
    "source": {
     "doc_id": "S100MRGF",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100MRGF.pdf",
     "submitted": "2021-11-09",
     "quote": "公開買付者は、上記経緯を踏まえ、同年11月１日に本公開買付価格を1,500円とする旨の最終提案を行うに至りました。"
    }
   },
   {
    "date": "2021-11-03",
    "price": 1500,
    "proposer": "acquirer",
    "source": {
     "doc_id": "S100MRGF",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100MRGF.pdf",
     "submitted": "2021-11-09",
     "quote": "公開買付者は、同月３日、価格の引き上げも含め検討しましたが、本公開買付価格を1,500円とすることで本取引実行の安定性は十分に高めることができていると判断し、加えて、公開買付者の経済的合理性も勘案の上、本公開買付価格は、最終提案で提示した1,500円としたいとの提案を行いました。"
    }
   }
  ],
  "initial_offer": 1250,
  "offer_raise_pct": 20,
  "offer_rounds": 5,
  "negotiation_excluded": null,
  "category": "delisting",
  "category_basis": "filing"
 },
 "valuations": [
  {
   "valuator": "野村證券株式会社",
   "valuator_as_written": "野村證券株式会社",
   "valuator_en": "Nomura Securities Co., Ltd.",
   "side": "acquirer",
   "method": "comparable",
   "method_label": "類似会社比較法",
   "method_en": "Comparable companies method",
   "metrics": {
    "per_share_value": {
     "low": 968,
     "high": 1148,
     "unit": "yen_per_share",
     "source": {
      "doc_id": "S100MRGF",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100MRGF.pdf",
      "submitted": "2021-11-09",
      "quote": "類似会社比較法：968円～1,148円"
     }
    }
   }
  },
  {
   "valuator": "野村證券株式会社",
   "valuator_as_written": "野村證券株式会社",
   "valuator_en": "Nomura Securities Co., Ltd.",
   "side": "acquirer",
   "method": "dcf",
   "method_label": "DCF法",
   "method_en": "DCF method",
   "metrics": {
    "per_share_value": {
     "low": 1112,
     "high": 1643,
     "unit": "yen_per_share",
     "source": {
      "doc_id": "S100MRGF",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100MRGF.pdf",
      "submitted": "2021-11-09",
      "quote": "DCF法 ：1,112円～1,643円"
     }
    }
   }
  },
  {
   "valuator": "野村證券株式会社",
   "valuator_as_written": "野村證券株式会社",
   "valuator_en": "Nomura Securities Co., Ltd.",
   "side": "acquirer",
   "method": "market_price",
   "method_label": "市場株価平均法",
   "method_en": "Market price method",
   "metrics": {
    "per_share_value": {
     "low": 1040,
     "high": 1065,
     "unit": "yen_per_share",
     "source": {
      "doc_id": "S100MRGF",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100MRGF.pdf",
      "submitted": "2021-11-09",
      "quote": "市場株価平均法：1,040円～1,065円"
     }
    }
   }
  },
  {
   "valuator": "株式会社プルータス・コンサルティング",
   "valuator_as_written": "株式会社プルータス・コンサルティング",
   "valuator_en": "Plutus Consulting Co., Ltd.",
   "side": "special_committee",
   "method": "comparable",
   "method_label": "類似会社比較法",
   "method_en": "Comparable companies method",
   "metrics": {
    "per_share_value": {
     "low": 946,
     "high": 1193,
     "unit": "yen_per_share",
     "source": {
      "doc_id": "S100MRGF",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100MRGF.pdf",
      "submitted": "2021-11-09",
      "quote": "類似会社比較法：946円から1,193円"
     }
    }
   }
  },
  {
   "valuator": "株式会社プルータス・コンサルティング",
   "valuator_as_written": "株式会社プルータス・コンサルティング",
   "valuator_en": "Plutus Consulting Co., Ltd.",
   "side": "special_committee",
   "method": "dcf",
   "method_label": "DCF法",
   "method_en": "DCF method",
   "metrics": {
    "per_share_value": {
     "low": 1238,
     "high": 1619,
     "unit": "yen_per_share",
     "source": {
      "doc_id": "S100MRGF",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100MRGF.pdf",
      "submitted": "2021-11-09",
      "quote": "DCF法 ：1,238円から1,619円"
     }
    },
    "discount_rate": {
     "low": 7.6,
     "high": 8.4,
     "unit": "percent",
     "source": {
      "doc_id": "S100MRGF",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100MRGF.pdf",
      "submitted": "2021-11-09",
      "quote": "割引率は7.6％～8.4％を採用しており"
     }
    },
    "perpetual_growth_rate": {
     "low": 0,
     "high": 0,
     "unit": "percent",
     "source": {
      "doc_id": "S100MRGF",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100MRGF.pdf",
      "submitted": "2021-11-09",
      "quote": "永久成長率では成長率を０％"
     }
    }
   }
  },
  {
   "valuator": "株式会社プルータス・コンサルティング",
   "valuator_as_written": "株式会社プルータス・コンサルティング",
   "valuator_en": "Plutus Consulting Co., Ltd.",
   "side": "special_committee",
   "method": "market_price",
   "method_label": "市場株価法",
   "method_en": "Market price method",
   "metrics": {
    "per_share_value": {
     "low": 1040,
     "high": 1054,
     "unit": "yen_per_share",
     "source": {
      "doc_id": "S100MRGF",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100MRGF.pdf",
      "submitted": "2021-11-09",
      "quote": "市場株価法 ：1,040円から1,054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": "target",
   "method": "comparable",
   "method_label": "類似上場会社比較法",
   "method_en": "Comparable companies method",
   "metrics": {
    "per_share_value": {
     "low": 979,
     "high": 1184,
     "unit": "yen_per_share",
     "source": {
      "doc_id": "S100MRGF",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100MRGF.pdf",
      "submitted": "2021-11-09",
      "quote": "類似上場会社比較法：979円から1,184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": "target",
   "method": "dcf",
   "method_label": "DCF法",
   "method_en": "DCF method",
   "metrics": {
    "per_share_value": {
     "low": 1320,
     "high": 1772,
     "unit": "yen_per_share",
     "source": {
      "doc_id": "S100MRGF",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100MRGF.pdf",
      "submitted": "2021-11-09",
      "quote": "DCF法 ：1,320円から1,772円"
     }
    },
    "discount_rate": {
     "low": 7.6,
     "high": 9.2,
     "unit": "percent",
     "source": {
      "doc_id": "S100MRGF",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100MRGF.pdf",
      "submitted": "2021-11-09",
      "quote": "割引率は7.6％～9.2％を採用しており"
     }
    },
    "perpetual_growth_rate": {
     "low": -0.25,
     "high": 0.25,
     "unit": "percent",
     "source": {
      "doc_id": "S100MRGF",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100MRGF.pdf",
      "submitted": "2021-11-09",
      "quote": "永久成長率は－0.25％～0.25％とし"
     }
    }
   }
  },
  {
   "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": "target",
   "method": "market_price",
   "method_label": "市場株価法",
   "method_en": "Market price method",
   "metrics": {
    "per_share_value": {
     "low": 1045,
     "high": 1054,
     "unit": "yen_per_share",
     "source": {
      "doc_id": "S100MRGF",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100MRGF.pdf",
      "submitted": "2021-11-09",
      "quote": "市場株価法 ：1,045円から1,054円"
     }
    }
   }
  }
 ],
 "timeline": [
  {
   "date": "2021-11-09",
   "doc_id": "S100MR9K",
   "doc_type_code": "240",
   "doc_type": "公開買付届出書",
   "filer": "ブラザー工業株式会社",
   "filer_en": "BROTHER INDUSTRIES LTD.",
   "description": "公開買付届出書",
   "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100MR9K.pdf"
  },
  {
   "date": "2021-11-09",
   "doc_id": "S100MRGF",
   "doc_type_code": "290",
   "doc_type": "意見表明報告書",
   "filer": "株式会社ニッセイ",
   "filer_en": "Nissei Co., Ltd.",
   "description": "意見表明報告書",
   "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100MRGF.pdf"
  },
  {
   "date": "2021-12-22",
   "doc_id": "S100N3QD",
   "doc_type_code": "270",
   "doc_type": "公開買付報告書",
   "filer": "ブラザー工業株式会社",
   "filer_en": "BROTHER INDUSTRIES LTD.",
   "description": "公開買付報告書",
   "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100N3QD.pdf"
  }
 ],
 "related": [],
 "flags": [],
 "unverified_count": 0
}