{
 "schema_version": 1,
 "id": "6938-20240326",
 "type": "TOB",
 "status": "completed",
 "announced_date": "2024-03-26",
 "target": {
  "edinet_code": "E01983",
  "sec_code": "6938",
  "name": "双信電機株式会社",
  "name_en": "SOSHIN ELECTRIC CO., LTD.",
  "industry": "電気機器",
  "industry_en": "Electric Appliances"
 },
 "acquirer": {
  "edinet_code": "E01937",
  "sec_code": null,
  "name": "釜屋電機株式会社",
  "name_en": "Kamaya Electric 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": "S100T4GT",
 "needs_review": false,
 "review_reason": null,
 "terms": {
  "tender_price": {
   "history": [
    {
     "value": 480,
     "unit": "yen",
     "as_of_date": null,
     "source": {
      "doc_id": "S100T4GT",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100T4GT.pdf",
      "submitted": "2024-03-26",
      "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。)である480円"
     }
    }
   ],
   "latest": {
    "value": 480,
    "unit": "yen",
    "as_of_date": null,
    "source": {
     "doc_id": "S100T4GT",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100T4GT.pdf",
     "submitted": "2024-03-26",
     "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。)である480円"
    }
   }
  },
  "period_business_days": {
   "history": [
    {
     "value": 30,
     "unit": "business_days",
     "as_of_date": null,
     "source": {
      "doc_id": "S100T4GT",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100T4GT.pdf",
      "submitted": "2024-03-26",
      "quote": "法令に定められた最短期間が20営業日であるところ、30営業日と設定しています"
     }
    },
    {
     "value": 50,
     "unit": "business_days",
     "as_of_date": null,
     "source": {
      "doc_id": "S100TDNF",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100TDNF.pdf",
      "submitted": "2024-05-09",
      "quote": "買付け等の期間 2024年３月26日(火曜日)から2024年６月６日(木曜日)まで(50営業日)"
     }
    }
   ],
   "latest": {
    "value": 50,
    "unit": "business_days",
    "as_of_date": null,
    "source": {
     "doc_id": "S100TDNF",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100TDNF.pdf",
     "submitted": "2024-05-09",
     "quote": "買付け等の期間 2024年３月26日(火曜日)から2024年６月６日(木曜日)まで(50営業日)"
    }
   }
  },
  "min_shares": {
   "history": [
    {
     "value": 2027024,
     "unit": "shares",
     "as_of_date": null,
     "source": {
      "doc_id": "S100T4GT",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100T4GT.pdf",
      "submitted": "2024-03-26",
      "quote": "公開買付者は、本公開買付けにおいて2,027,024株(所有割合：11.85％)(注２)を買付予定数の下限として設定しており"
     }
    }
   ],
   "latest": {
    "value": 2027024,
    "unit": "shares",
    "as_of_date": null,
    "source": {
     "doc_id": "S100T4GT",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100T4GT.pdf",
     "submitted": "2024-03-26",
     "quote": "公開買付者は、本公開買付けにおいて2,027,024株(所有割合：11.85％)(注２)を買付予定数の下限として設定しており"
    }
   }
  },
  "period_start": {
   "history": [
    {
     "value": "2024-03-26",
     "unit": "date",
     "as_of_date": null,
     "source": {
      "doc_id": "S100TDNF",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100TDNF.pdf",
      "submitted": "2024-05-09",
      "quote": "買付け等の期間 2024年３月26日(火曜日)から2024年６月６日(木曜日)まで(50営業日)"
     }
    }
   ],
   "latest": {
    "value": "2024-03-26",
    "unit": "date",
    "as_of_date": null,
    "source": {
     "doc_id": "S100TDNF",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100TDNF.pdf",
     "submitted": "2024-05-09",
     "quote": "買付け等の期間 2024年３月26日(火曜日)から2024年６月６日(木曜日)まで(50営業日)"
    }
   }
  },
  "period_end": {
   "history": [
    {
     "value": "2024-06-06",
     "unit": "date",
     "as_of_date": null,
     "source": {
      "doc_id": "S100TDNF",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100TDNF.pdf",
      "submitted": "2024-05-09",
      "quote": "買付け等の期間 2024年３月26日(火曜日)から2024年６月６日(木曜日)まで(50営業日)"
     }
    }
   ],
   "latest": {
    "value": "2024-06-06",
    "unit": "date",
    "as_of_date": null,
    "source": {
     "doc_id": "S100TDNF",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100TDNF.pdf",
     "submitted": "2024-05-09",
     "quote": "買付け等の期間 2024年３月26日(火曜日)から2024年６月６日(木曜日)まで(50営業日)"
    }
   }
  },
  "tendered_shares": {
   "history": [
    {
     "value": 7601498,
     "unit": "shares",
     "as_of_date": null,
     "source": {
      "doc_id": "S100TKWY",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100TKWY.pdf",
      "submitted": "2024-06-07",
      "quote": "応募株券等の総数(7,601,498株)が買付予定数の下限(2,027,024株)以上となりましたので"
     }
    }
   ],
   "latest": {
    "value": 7601498,
    "unit": "shares",
    "as_of_date": null,
    "source": {
     "doc_id": "S100TKWY",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100TKWY.pdf",
     "submitted": "2024-06-07",
     "quote": "応募株券等の総数(7,601,498株)が買付予定数の下限(2,027,024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": "S100TKWY",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100TKWY.pdf",
      "submitted": "2024-06-07",
      "quote": "応募株券等の総数(7,601,498株)が買付予定数の下限(2,027,024株)以上となりましたので"
     }
    }
   ],
   "latest": {
    "value": "成立",
    "unit": "text",
    "as_of_date": null,
    "source": {
     "doc_id": "S100TKWY",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100TKWY.pdf",
     "submitted": "2024-06-07",
     "quote": "応募株券等の総数(7,601,498株)が買付予定数の下限(2,027,024株)以上となりましたので"
    }
   }
  }
 },
 "premiums": [
  {
   "value": 51.9,
   "unit": "percent",
   "as_of_date": "2024-03-22",
   "source": {
    "doc_id": "S100T4HF",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100T4HF.pdf",
    "submitted": "2024-03-26",
    "quote": "2024年３月22日の東京証券取引所スタンダード市場における当社普通株式の終値316円に対して51.9％のプレミアムを加えた価格"
   },
   "basis": "前営業日終値",
   "basis_en": "Closing price on the business day before announcement"
  },
  {
   "value": 57.9,
   "unit": "percent",
   "as_of_date": "2024-03-22",
   "source": {
    "doc_id": "S100T4HF",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100T4HF.pdf",
    "submitted": "2024-03-26",
    "quote": "直近１ヶ月の終値単純平均値304円に対して57.9％のプレミアムを加えた価格"
   },
   "basis": "過去1ヶ月間の終値単純平均値",
   "basis_en": "1-month simple average closing price"
  },
  {
   "value": 59.5,
   "unit": "percent",
   "as_of_date": "2024-03-22",
   "source": {
    "doc_id": "S100T4HF",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100T4HF.pdf",
    "submitted": "2024-03-26",
    "quote": "直近３ヶ月間の終値単純平均値301円に対して59.5％のプレミアムを加えた価格"
   },
   "basis": "過去3ヶ月間の終値単純平均値",
   "basis_en": "3-month simple average closing price"
  },
  {
   "value": 53.4,
   "unit": "percent",
   "as_of_date": "2024-03-22",
   "source": {
    "doc_id": "S100T4HF",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100T4HF.pdf",
    "submitted": "2024-03-26",
    "quote": "直近６ヶ月間の終値単純平均値313円に対して53.4％のプレミアムを加えた価格"
   },
   "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": "S100T4HF",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100T4HF.pdf",
    "submitted": "2024-03-26",
    "quote": "当社株式の全て(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。)を取得し、当社を公開買付者の完全子会社化とすることを目的とする取引"
   }
  },
  "discount_tob": {
   "value": false,
   "source": null
  },
  "acquirer_type": {
   "value": "strategic",
   "source": {
    "doc_id": "S100T4HF",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100T4HF.pdf",
    "submitted": "2024-03-26",
    "quote": "Walsinの開発技術、低価格な製品供給力や販路等を活用した新製品の開発促進、製造コスト低減、客先拡大による売上増等、当社の成長と収益力の改善に資する可能性があると判断し、Walsinの国内子会社である公開買付者に本新株予約権付社債の一部の引受けを依頼しました。"
   }
  },
  "auction": {
   "value": false,
   "source": null
  },
  "competing_offer": {
   "value": false,
   "source": null
  },
  "special_committee": {
   "value": true,
   "source": {
    "doc_id": "S100T4HF",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100T4HF.pdf",
    "submitted": "2024-03-26",
    "quote": "本特別委員会(下記「③ 当社が本公開買付けに賛同するに至った意思決定の過程及び理由」の「(ⅰ)公開買付者からの提案及び検討体制の構築の経緯」に定義します。以下同じです。)"
   }
  },
  "sc_own_valuer": null,
  "fairness_opinions": [],
  "proposals": [
   {
    "date": "2024-01-24",
    "price": 410,
    "proposer": "acquirer",
    "source": {
     "doc_id": "S100T4HF",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100T4HF.pdf",
     "submitted": "2024-03-26",
     "quote": "2024年１月24日、当社に対して、当社を完全子会社化することを目的とした本公開買付けに関する意向表明書(以下「初期意向表明書」といいます。)を提出し、初期的な買付提案価格については、１株当たり410円"
    }
   },
   {
    "date": "2024-03-06",
    "price": 430,
    "proposer": "acquirer",
    "source": {
     "doc_id": "S100T4HF",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100T4HF.pdf",
     "submitted": "2024-03-26",
     "quote": "2024年３月６日、公開買付者らは、１株当たり430円(再提案提出日である2024年３月６日の終値294円に対し46.3％、同日までの１ヶ月間の終値単純平均値294円に対し46.3％、同日までの３ヶ月間の終値単純平均値301円に対し42.9％、同日までの６ヶ月間の終値単純平均値317円に対し35.6％のプレミアム)にて再提案をしたとのことです。"
    }
   },
   {
    "date": "2024-03-13",
    "price": 460,
    "proposer": "acquirer",
    "source": {
     "doc_id": "S100T4HF",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100T4HF.pdf",
     "submitted": "2024-03-26",
     "quote": "2024年３月13日、公開買付者らは、１株当たり460円(再提案提出日である2024年３月13日の終値309円に対し48.9％、同日までの１ヶ月間の終値単純平均値298円に対し54.4％、同日までの３ヶ月間の終値単純平均値300円に対し53.3％、同日までの６ヶ月間の終値単純平均値315円に対し46.0％のプレミアム)にて再提案をしたとのことです。"
    }
   },
   {
    "date": "2024-03-19",
    "price": 480,
    "proposer": "acquirer",
    "source": {
     "doc_id": "S100T4HF",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100T4HF.pdf",
     "submitted": "2024-03-26",
     "quote": "2024年３月19日、公開買付者らは、１株当たり480円(再提案提出日の前営業日である2024年３月18日の終値305円に対し57.4％、同日までの１ヶ月間の終値単純平均値300円に対し60.0％、同日までの３ヶ月間の終値単純平均値300円に対し60.0％、同日までの６ヶ月間の終値単純平均値314円に対し52.9％のプレミアム)にて再提案したとのことです。"
    }
   }
  ],
  "initial_offer": 410,
  "offer_raise_pct": 17.07,
  "offer_rounds": 4,
  "negotiation_excluded": null,
  "category": "delisting",
  "category_basis": "filing"
 },
 "valuations": [
  {
   "valuator": "株式会社KPMG FAS",
   "valuator_as_written": "株式会社KPMG FAS",
   "valuator_en": "KPMG FAS Co., Ltd.",
   "side": "target",
   "method": "comparable",
   "method_label": "類似会社比較法",
   "method_en": "Comparable companies method",
   "metrics": {
    "per_share_value": {
     "low": 310,
     "high": 481,
     "unit": "yen_per_share",
     "source": {
      "doc_id": "S100T4HF",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100T4HF.pdf",
      "submitted": "2024-03-26",
      "quote": "類似会社比較法： 310円～481円"
     }
    }
   }
  },
  {
   "valuator": "株式会社KPMG FAS",
   "valuator_as_written": "株式会社KPMG FAS",
   "valuator_en": "KPMG FAS Co., Ltd.",
   "side": "target",
   "method": "dcf",
   "method_label": "ＤＣＦ法",
   "method_en": "DCF method",
   "metrics": {
    "per_share_value": {
     "low": 449,
     "high": 519,
     "unit": "yen_per_share",
     "source": {
      "doc_id": "S100T4HF",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100T4HF.pdf",
      "submitted": "2024-03-26",
      "quote": "ＤＣＦ法： 449円～519円"
     }
    },
    "discount_rate": {
     "low": 10.8,
     "high": 11.8,
     "unit": "percent",
     "source": {
      "doc_id": "S100T4HF",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100T4HF.pdf",
      "submitted": "2024-03-26",
      "quote": "割引率(加重平均資本コスト)については、株式価値評価実務において一般的に用いられているＣＡＰＭ(資本資産価格モデル)理論に基づき分析を行っており10.8％から11.8％を使用しております。"
     }
    },
    "perpetual_growth_rate": {
     "low": 0,
     "high": 1,
     "unit": "percent",
     "source": {
      "doc_id": "S100T4HF",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100T4HF.pdf",
      "submitted": "2024-03-26",
      "quote": "永久成長率については、0.0％から1.0％を使用しております。"
     }
    }
   }
  },
  {
   "valuator": "株式会社KPMG FAS",
   "valuator_as_written": "株式会社KPMG FAS",
   "valuator_en": "KPMG FAS Co., Ltd.",
   "side": "target",
   "method": "market_price",
   "method_label": "市場株価平均法",
   "method_en": "Market price method",
   "metrics": {
    "per_share_value": {
     "low": 301,
     "high": 316,
     "unit": "yen_per_share",
     "source": {
      "doc_id": "S100T4HF",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100T4HF.pdf",
      "submitted": "2024-03-26",
      "quote": "市場株価平均法： 301円～316円"
     }
    }
   }
  }
 ],
 "timeline": [
  {
   "date": "2024-03-26",
   "doc_id": "S100T4GT",
   "doc_type_code": "240",
   "doc_type": "公開買付届出書",
   "filer": "釜屋電機株式会社",
   "filer_en": "Kamaya Electric Co., Ltd.",
   "description": "公開買付届出書",
   "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100T4GT.pdf"
  },
  {
   "date": "2024-03-26",
   "doc_id": "S100T4HF",
   "doc_type_code": "290",
   "doc_type": "意見表明報告書",
   "filer": "双信電機株式会社",
   "filer_en": "SOSHIN ELECTRIC CO., LTD.",
   "description": "意見表明報告書",
   "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100T4HF.pdf"
  },
  {
   "date": "2024-04-08",
   "doc_id": "S100T8JQ",
   "doc_type_code": "250",
   "doc_type": "訂正公開買付届出書",
   "filer": "釜屋電機株式会社",
   "filer_en": "Kamaya Electric Co., Ltd.",
   "description": "訂正公開買付届出書",
   "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100T8JQ.pdf"
  },
  {
   "date": "2024-05-09",
   "doc_id": "S100TDNF",
   "doc_type_code": "250",
   "doc_type": "訂正公開買付届出書",
   "filer": "釜屋電機株式会社",
   "filer_en": "Kamaya Electric Co., Ltd.",
   "description": "訂正公開買付届出書",
   "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100TDNF.pdf"
  },
  {
   "date": "2024-05-09",
   "doc_id": "S100TDM9",
   "doc_type_code": "300",
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  }
 ],
 "related": [],
 "flags": [
  {
   "kind": "revised",
   "subject": "tob_terms:period_business_days",
   "detail": "S100T4GT: 30.0 → S100TDNF: 50.0"
  }
 ],
 "unverified_count": 0
}