{
 "schema_version": 1,
 "id": "9077-20220208",
 "type": "TOB",
 "status": "completed",
 "announced_date": "2022-02-08",
 "target": {
  "edinet_code": "E04180",
  "sec_code": "9077",
  "name": "名鉄運輸株式会社",
  "name_en": "Meitetsu Transportation Co.,Ltd.",
  "industry": "陸運業",
  "industry_en": "Land Transportation"
 },
 "acquirer": {
  "edinet_code": "E04101",
  "sec_code": "9048",
  "name": "名古屋鉄道株式会社",
  "name_en": "Nagoya Railroad Co., Ltd.",
  "industry": "陸運業",
  "industry_en": "Land Transportation"
 },
 "anchor_doc_id": "S100NDXC",
 "needs_review": false,
 "review_reason": null,
 "terms": {
  "tender_price": {
   "history": [
    {
     "value": 3500,
     "unit": "yen",
     "as_of_date": null,
     "source": {
      "doc_id": "S100NDXC",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100NDXC.pdf",
      "submitted": "2022-02-08",
      "quote": "最終的に2022年２月７日に、本公開買付価格を１株当たり3,500円とすることを決定しました。"
     }
    }
   ],
   "latest": {
    "value": 3500,
    "unit": "yen",
    "as_of_date": null,
    "source": {
     "doc_id": "S100NDXC",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100NDXC.pdf",
     "submitted": "2022-02-08",
     "quote": "最終的に2022年２月７日に、本公開買付価格を１株当たり3,500円とすることを決定しました。"
    }
   }
  }
 },
 "premiums": [
  {
   "value": 52.17,
   "unit": "percent",
   "as_of_date": "2022-02-04",
   "source": {
    "doc_id": "S100NE1B",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100NE1B.pdf",
    "submitted": "2022-02-08",
    "quote": "直近取引成立日である2022年２月１日の名古屋証券取引所市場第二部における当社株式の終値2,300円に対して52.17％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": 51.13,
   "unit": "percent",
   "as_of_date": "2022-02-04",
   "source": {
    "doc_id": "S100NE1B",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100NE1B.pdf",
    "submitted": "2022-02-08",
    "quote": "直近１ヶ月間の終値単純平均値2,316円に対して51.13％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": 48.35,
   "unit": "percent",
   "as_of_date": "2022-02-04",
   "source": {
    "doc_id": "S100NE1B",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100NE1B.pdf",
    "submitted": "2022-02-08",
    "quote": "直近３ヶ月間の終値単純平均値2,359円に対して48.35％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": 46.03,
   "unit": "percent",
   "as_of_date": "2022-02-04",
   "source": {
    "doc_id": "S100NE1B",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100NE1B.pdf",
    "submitted": "2022-02-08",
    "quote": "直近６ヶ月間の終値単純平均値2,397円に対して46.03％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": "S100NE1B",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100NE1B.pdf",
    "submitted": "2022-02-08",
    "quote": "本取引による上場廃止を経ることもやむを得ないと考えられることや"
   }
  },
  "discount_tob": {
   "value": false,
   "source": null
  },
  "acquirer_type": {
   "value": "parent",
   "source": {
    "doc_id": "S100NE1B",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100NE1B.pdf",
    "submitted": "2022-02-08",
    "quote": "公開買付者は当社株式19,983,841株(当時の所有割合：61.63％)を所有するに至りました"
   }
  },
  "auction": {
   "value": false,
   "source": null
  },
  "competing_offer": {
   "value": false,
   "source": null
  },
  "special_committee": {
   "value": true,
   "source": {
    "doc_id": "S100NE1B",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100NE1B.pdf",
    "submitted": "2022-02-08",
    "quote": "当社は、2021年12月17日、公開買付者及び日本通運から独立した立場で本取引について検討、交渉等を行うため、独立社外取締役、独立社外監査役及び社外有識者によって構成される本特別委員会を設置いたしました。"
   }
  },
  "sc_own_valuer": {
   "value": "髙野総合コンサルティング株式会社",
   "source": {
    "doc_id": "S100NE1B",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100NE1B.pdf",
    "submitted": "2022-02-08",
    "quote": "本特別委員会において、当社、公開買付者及び日本通運から独立した財務アドバイザーとして髙野総合コンサルティング株式会社(以下「髙野総合コンサルティング」といいます。)を独自に選任し、本公開買付けに係る協議・交渉を行う体制を構築いたしました。"
   }
  },
  "fairness_opinions": [],
  "proposals": [
   {
    "date": "2022-01-12",
    "price": 2700,
    "proposer": "acquirer",
    "source": {
     "doc_id": "S100NE1B",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100NE1B.pdf",
     "submitted": "2022-02-08",
     "quote": "過去５年間の終値ベースの最高値(2,700円)に着目し、2022年１月12日に本公開買付価格を2,700円としたい旨の提案を行ったとのことです"
    }
   },
   {
    "date": "2022-01-18",
    "price": 3070,
    "proposer": "acquirer",
    "source": {
     "doc_id": "S100NE1B",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100NE1B.pdf",
     "submitted": "2022-02-08",
     "quote": "同年１月18日に、初回提案価格(2,700円)と当社株式の初回提案日の直近取引成立日である同年１月11日の終値(2,339円)の差額である361円を超える370円を初回提案価格に対して上乗せした3,070円を本公開買付価格としたい旨の提案を行ったとのことです"
    }
   },
   {
    "date": null,
    "price": 3900,
    "proposer": "target_or_committee",
    "source": {
     "doc_id": "S100NE1B",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100NE1B.pdf",
     "submitted": "2022-02-08",
     "quote": "未だ賛同意見及び応募推奨意見を表明できる水準には達していないとの理由で、本公開買付価格を3,900円に引き上げるよう求める旨の提案を受領したとのことです"
    }
   },
   {
    "date": "2022-01-25",
    "price": 3300,
    "proposer": "acquirer",
    "source": {
     "doc_id": "S100NE1B",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100NE1B.pdf",
     "submitted": "2022-02-08",
     "quote": "同年１月25日に本公開買付価格を3,300円としたいとの提案を行ったとのことですが"
    }
   },
   {
    "date": "2022-01-27",
    "price": 3700,
    "proposer": "target_or_committee",
    "source": {
     "doc_id": "S100NE1B",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100NE1B.pdf",
     "submitted": "2022-02-08",
     "quote": "同年１月27日、当社より、同年１月21日と同様の理由から、本公開買付価格を3,700円に引き上げるよう求める旨の提案を受領したとのことです"
    }
   },
   {
    "date": "2022-01-31",
    "price": 3500,
    "proposer": "acquirer",
    "source": {
     "doc_id": "S100NE1B",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100NE1B.pdf",
     "submitted": "2022-02-08",
     "quote": "同年１月31日に本公開買付価格を3,500円としたいとの提案を行い"
    }
   }
  ],
  "initial_offer": 2700,
  "offer_raise_pct": 29.63,
  "offer_rounds": 4,
  "negotiation_excluded": null,
  "category": "delisting",
  "category_basis": "filing"
 },
 "valuations": [
  {
   "valuator": "大和証券株式会社",
   "valuator_as_written": "大和証券株式会社",
   "valuator_en": "Daiwa Securities Co., Ltd.",
   "side": "acquirer",
   "method": "dcf",
   "method_label": "ＤＣＦ法",
   "method_en": "DCF method",
   "metrics": {
    "per_share_value": {
     "low": 2584,
     "high": 4951,
     "unit": "yen_per_share",
     "source": {
      "doc_id": "S100NE1B",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100NE1B.pdf",
      "submitted": "2022-02-08",
      "quote": "DCF法 ： 2,584円から4,951円"
     }
    }
   }
  },
  {
   "valuator": "大和証券株式会社",
   "valuator_as_written": "大和証券株式会社",
   "valuator_en": "Daiwa Securities Co., Ltd.",
   "side": "acquirer",
   "method": "market_price",
   "method_label": "市場株価法",
   "method_en": "Market price method",
   "metrics": {
    "per_share_value": {
     "low": 2300,
     "high": 2397,
     "unit": "yen_per_share",
     "source": {
      "doc_id": "S100NE1B",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100NE1B.pdf",
      "submitted": "2022-02-08",
      "quote": "市場株価法 ： 2,300円から2,397円"
     }
    }
   }
  },
  {
   "valuator": "株式会社三菱UFJ銀行",
   "valuator_as_written": "株式会社三菱UFJ銀行コーポレート情報営業部財務開発室",
   "valuator_en": "MUFG Bank, Ltd.",
   "side": "target",
   "method": "dcf",
   "method_label": "ＤＣＦ分析",
   "method_en": "DCF method",
   "metrics": {
    "per_share_value": {
     "low": 2274,
     "high": 4983,
     "unit": "yen_per_share",
     "source": {
      "doc_id": "S100NE1B",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100NE1B.pdf",
      "submitted": "2022-02-08",
      "quote": "DCF分析 ： 2,274円～4,983円"
     }
    },
    "discount_rate": {
     "low": 4.5,
     "high": 5.5,
     "unit": "percent",
     "source": {
      "doc_id": "S100NE1B",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100NE1B.pdf",
      "submitted": "2022-02-08",
      "quote": "割引率は4.5％から5.5％を採用しており"
     }
    },
    "perpetual_growth_rate": {
     "low": -0.25,
     "high": 0.25,
     "unit": "percent",
     "source": {
      "doc_id": "S100NE1B",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100NE1B.pdf",
      "submitted": "2022-02-08",
      "quote": "永久成長率を‐0.25％から0.25％として算定しております"
     }
    }
   }
  },
  {
   "valuator": "株式会社三菱UFJ銀行",
   "valuator_as_written": "株式会社三菱UFJ銀行コーポレート情報営業部財務開発室",
   "valuator_en": "MUFG Bank, Ltd.",
   "side": "target",
   "method": "market_price",
   "method_label": "市場株価分析",
   "method_en": "Market price method",
   "metrics": {
    "per_share_value": {
     "low": 2300,
     "high": 2397,
     "unit": "yen_per_share",
     "source": {
      "doc_id": "S100NE1B",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100NE1B.pdf",
      "submitted": "2022-02-08",
      "quote": "市場株価分析 ： 2,300円～2,397円"
     }
    }
   }
  }
 ],
 "timeline": [
  {
   "date": "2022-02-08",
   "doc_id": "S100NDXC",
   "doc_type_code": "240",
   "doc_type": "公開買付届出書",
   "filer": "名古屋鉄道株式会社",
   "filer_en": "Nagoya Railroad Co., Ltd.",
   "description": "公開買付届出書",
   "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100NDXC.pdf"
  },
  {
   "date": "2022-02-08",
   "doc_id": "S100NE1B",
   "doc_type_code": "290",
   "doc_type": "意見表明報告書",
   "filer": "名鉄運輸株式会社",
   "filer_en": "Meitetsu Transportation Co.,Ltd.",
   "description": "意見表明報告書",
   "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100NE1B.pdf"
  },
  {
   "date": "2022-03-25",
   "doc_id": "S100NQSL",
   "doc_type_code": "270",
   "doc_type": "公開買付報告書",
   "filer": "名古屋鉄道株式会社",
   "filer_en": "Nagoya Railroad Co., Ltd.",
   "description": "公開買付報告書",
   "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100NQSL.pdf"
  }
 ],
 "related": [],
 "flags": [],
 "unverified_count": 0
}