{
 "schema_version": 1,
 "id": "9086-20221028",
 "type": "TOB",
 "status": "completed",
 "announced_date": "2022-10-28",
 "target": {
  "edinet_code": "E04111",
  "sec_code": "9086",
  "name": "Lマネジメント株式会社",
  "name_en": "L Management Co., Ltd.",
  "industry": "陸運業",
  "industry_en": "Land Transportation"
 },
 "acquirer": {
  "edinet_code": "E38031",
  "sec_code": null,
  "name": "ロジスティード株式会社",
  "name_en": "LOGISTEED, Ltd.",
  "industry": "陸運業",
  "industry_en": "Land Transportation"
 },
 "anchor_doc_id": "S100PFCL",
 "needs_review": false,
 "review_reason": null,
 "terms": {
  "tender_price": {
   "history": [
    {
     "value": 8913,
     "unit": "yen",
     "as_of_date": null,
     "source": {
      "doc_id": "S100PFCL",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100PFCL.pdf",
      "submitted": "2022-10-28",
      "quote": "本公開買付価格8,913円は、本公開買付けの実施についての公表日の前営業日である2022年４月27日の対象者株式の東京証券取引所プライム市場における終値8,270円に対して7.78％"
     }
    }
   ],
   "latest": {
    "value": 8913,
    "unit": "yen",
    "as_of_date": null,
    "source": {
     "doc_id": "S100PFCL",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100PFCL.pdf",
     "submitted": "2022-10-28",
     "quote": "本公開買付価格8,913円は、本公開買付けの実施についての公表日の前営業日である2022年４月27日の対象者株式の東京証券取引所プライム市場における終値8,270円に対して7.78％"
    }
   }
  },
  "period_end": {
   "history": [
    {
     "value": "2022-12-06",
     "unit": "date",
     "as_of_date": null,
     "source": {
      "doc_id": "S100PFCL",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100PFCL.pdf",
      "submitted": "2022-10-28",
      "quote": "2022年 12月６ 日(火曜日)"
     }
    }
   ],
   "latest": {
    "value": "2022-12-06",
    "unit": "date",
    "as_of_date": null,
    "source": {
     "doc_id": "S100PFCL",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100PFCL.pdf",
     "submitted": "2022-10-28",
     "quote": "2022年 12月６ 日(火曜日)"
    }
   }
  },
  "min_shares": {
   "history": [
    {
     "value": 22443700,
     "unit": "shares",
     "as_of_date": null,
     "source": {
      "doc_id": "S100PFCL",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100PFCL.pdf",
      "submitted": "2022-10-28",
      "quote": "応募株券等の総数が買付予定数の下限( 22,443,700 株)に満たない場合は、応募株券等の全部の買付け等を行いません。"
     }
    }
   ],
   "latest": {
    "value": 22443700,
    "unit": "shares",
    "as_of_date": null,
    "source": {
     "doc_id": "S100PFCL",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100PFCL.pdf",
     "submitted": "2022-10-28",
     "quote": "応募株券等の総数が買付予定数の下限( 22,443,700 株)に満たない場合は、応募株券等の全部の買付け等を行いません。"
    }
   }
  },
  "tendered_shares": {
   "history": [
    {
     "value": 42867630,
     "unit": "shares",
     "as_of_date": null,
     "source": {
      "doc_id": "S100PQ4G",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100PQ4G.pdf",
      "submitted": "2022-11-30",
      "quote": "応募株券等の総数(42,867,630株)"
     }
    }
   ],
   "latest": {
    "value": 42867630,
    "unit": "shares",
    "as_of_date": null,
    "source": {
     "doc_id": "S100PQ4G",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100PQ4G.pdf",
     "submitted": "2022-11-30",
     "quote": "応募株券等の総数(42,867,630株)"
    }
   }
  },
  "result": {
   "history": [
    {
     "value": "成立",
     "unit": "text",
     "as_of_date": null,
     "source": {
      "doc_id": "S100PQ4G",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100PQ4G.pdf",
      "submitted": "2022-11-30",
      "quote": "応募株券等の総数(42,867,630株)が買付予定数の下限(22,443,700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等を行います。"
     }
    }
   ],
   "latest": {
    "value": "成立",
    "unit": "text",
    "as_of_date": null,
    "source": {
     "doc_id": "S100PQ4G",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100PQ4G.pdf",
     "submitted": "2022-11-30",
     "quote": "応募株券等の総数(42,867,630株)が買付予定数の下限(22,443,700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等を行います。"
    }
   }
  }
 },
 "premiums": [
  {
   "value": 7.78,
   "unit": "percent",
   "as_of_date": "2022-04-27",
   "source": {
    "doc_id": "S100PFEY",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100PFEY.pdf",
    "submitted": "2022-10-28",
    "quote": "本公開買付価格8,913円は、本公開買付け実施についての公表日(2022年４月28日)の前営業日である2022年４月27日の当社株式の東京証券取引所プライム市場における終値8,270円に対して7.78％"
   },
   "basis": "前営業日終値",
   "basis_en": "Closing price on the business day before announcement"
  },
  {
   "value": 29.61,
   "unit": "percent",
   "as_of_date": "2022-04-27",
   "source": {
    "doc_id": "S100PFEY",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100PFEY.pdf",
    "submitted": "2022-10-28",
    "quote": "同日までの過去１ヶ月間の終値の単純平均値6,877円に対して29.61％"
   },
   "basis": "過去1ヶ月間の終値単純平均値",
   "basis_en": "1-month simple average closing price"
  },
  {
   "value": 40.56,
   "unit": "percent",
   "as_of_date": "2022-04-27",
   "source": {
    "doc_id": "S100PFEY",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100PFEY.pdf",
    "submitted": "2022-10-28",
    "quote": "同日までの過去３ヶ月間の終値の単純平均値6,341円に対して40.56％"
   },
   "basis": "過去3ヶ月間の終値単純平均値",
   "basis_en": "3-month simple average closing price"
  },
  {
   "value": 56.89,
   "unit": "percent",
   "as_of_date": "2022-04-27",
   "source": {
    "doc_id": "S100PFEY",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100PFEY.pdf",
    "submitted": "2022-10-28",
    "quote": "同日までの過去６ヶ月間の終値の単純平均値5,681円に対して56.89％"
   },
   "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": "S100PFEY",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100PFEY.pdf",
    "submitted": "2022-10-28",
    "quote": "最終的に公開買付者が当社を完全子会社化することを企図しているとのことです。"
   }
  },
  "discount_tob": {
   "value": false,
   "source": null
  },
  "acquirer_type": {
   "value": "financial_sponsor",
   "source": {
    "doc_id": "S100PFEY",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100PFEY.pdf",
    "submitted": "2022-10-28",
    "quote": "米国デラウェア州設立の投資顧問会社であるKohlberg Kravis Roberts & Co. L.P.(関係会社及び関連ファンドを含め、以下「ＫＫＲ」といいます。)によって間接的に保有・運営されている"
   }
  },
  "auction": {
   "value": true,
   "source": {
    "doc_id": "S100PFEY",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100PFEY.pdf",
    "submitted": "2022-10-28",
    "quote": "上場維持を前提とした当社の発行済株式の一部の取得を実現する取引スキーム(以下「上場維持スキーム」といいます。)と、当社の非上場化を前提とした当社の発行済株式の全部の取得を実現する取引スキーム(以下「非上場化スキーム」といいます。)のいずれの提案を求めるかについても検討を行いました。"
   }
  },
  "competing_offer": {
   "value": false,
   "source": null
  },
  "special_committee": {
   "value": true,
   "source": {
    "doc_id": "S100PFEY",
    "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100PFEY.pdf",
    "submitted": "2022-10-28",
    "quote": "当社及び特別委員会は、本資本取引に関する上記の初期的な提案の検討を行うとともに"
   }
  },
  "sc_own_valuer": null,
  "fairness_opinions": [],
  "proposals": [
   {
    "date": null,
    "price": 5500,
    "proposer": "acquirer",
    "source": {
     "doc_id": "S100PFEY",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100PFEY.pdf",
     "submitted": "2022-10-28",
     "quote": "上場維持を前提に公開買付価格を5,500円とする提案を行ったとのことです。"
    }
   },
   {
    "date": null,
    "price": 5500,
    "proposer": "acquirer",
    "source": {
     "doc_id": "S100PFEY",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100PFEY.pdf",
     "submitted": "2022-10-28",
     "quote": "上場維持を前提に本第一次入札プロセスと同額の公開買付価格を5,500円とする提案"
    }
   },
   {
    "date": null,
    "price": 6837,
    "proposer": "acquirer",
    "source": {
     "doc_id": "S100PFEY",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100PFEY.pdf",
     "submitted": "2022-10-28",
     "quote": "非公開化を前提として公開買付価格を6,837円とし、本自己株式取得における自己株式取得の対価(株式併合前１株当たり。以下「当社自己株式取得価格」といいます。)を4,744円とする提案をしたとのことです。"
    }
   },
   {
    "date": null,
    "price": 8355,
    "proposer": "acquirer",
    "source": {
     "doc_id": "S100PFEY",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100PFEY.pdf",
     "submitted": "2022-10-28",
     "quote": "非公開化を前提として公開買付価格を8,355円、当社自己株式取得価格を6,217円とする最終提案を提示したとのことです。"
    }
   },
   {
    "date": null,
    "price": 8464,
    "proposer": "acquirer",
    "source": {
     "doc_id": "S100PFEY",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100PFEY.pdf",
     "submitted": "2022-10-28",
     "quote": "ＫＫＲより、公開買付価格を8,464円へ、当社自己株式取得価格を6,298円へ引き上げること等を内容とする追加変更後の最終提案書の提出を再度受けました。"
    }
   },
   {
    "date": "2022-04-18",
    "price": 8913,
    "proposer": "acquirer",
    "source": {
     "doc_id": "S100PFEY",
     "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100PFEY.pdf",
     "submitted": "2022-10-28",
     "quote": "ＫＫＲは、同年４月18日に、当該最終提案における買付価格として、公開買付価格を8,913円とし、当社自己株式取得価格を6,632円とする修正提案を提出した"
    }
   }
  ],
  "initial_offer": 5500,
  "offer_raise_pct": 62.05,
  "offer_rounds": 5,
  "negotiation_excluded": null,
  "category": "delisting",
  "category_basis": "filing"
 },
 "valuations": [
  {
   "valuator": "UBS証券株式会社",
   "valuator_as_written": "UBS証券",
   "valuator_en": "UBS Securities Japan 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": 2796,
     "high": 5093,
     "unit": "yen_per_share",
     "source": {
      "doc_id": "S100PFEY",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100PFEY.pdf",
      "submitted": "2022-10-28",
      "quote": "類似企業比較法：            2,796円～5,093円"
     }
    }
   }
  },
  {
   "valuator": "UBS証券株式会社",
   "valuator_as_written": "UBS証券",
   "valuator_en": "UBS Securities Japan Co., Ltd.",
   "side": "target",
   "method": "dcf",
   "method_label": "DCF法",
   "method_en": "DCF method",
   "metrics": {
    "per_share_value": {
     "low": 3618,
     "high": 6407,
     "unit": "yen_per_share",
     "source": {
      "doc_id": "S100PFEY",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100PFEY.pdf",
      "submitted": "2022-10-28",
      "quote": "DCF法：                     3,618円～6,407円"
     }
    }
   }
  },
  {
   "valuator": "UBS証券株式会社",
   "valuator_as_written": "UBS証券",
   "valuator_en": "UBS Securities Japan Co., Ltd.",
   "side": "target",
   "method": "market_price",
   "method_label": "市場株価平均法(基準日１)",
   "method_en": "Market price method",
   "metrics": {
    "per_share_value": {
     "low": 3408,
     "high": 3915,
     "unit": "yen_per_share",
     "source": {
      "doc_id": "S100PFEY",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100PFEY.pdf",
      "submitted": "2022-10-28",
      "quote": "市場株価平均法(基準日１)： 3,408円～3,915円"
     }
    }
   }
  },
  {
   "valuator": "UBS証券株式会社",
   "valuator_as_written": "UBS証券",
   "valuator_en": "UBS Securities Japan Co., Ltd.",
   "side": "target",
   "method": "market_price",
   "method_label": "市場株価平均法(基準日２)",
   "method_en": "Market price method",
   "metrics": {
    "per_share_value": {
     "low": 5681,
     "high": 8270,
     "unit": "yen_per_share",
     "source": {
      "doc_id": "S100PFEY",
      "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100PFEY.pdf",
      "submitted": "2022-10-28",
      "quote": "市場株価平均法(基準日２)：  5,681円～8,270円"
     }
    }
   }
  }
 ],
 "timeline": [
  {
   "date": "2022-10-28",
   "doc_id": "S100PFCL",
   "doc_type_code": "240",
   "doc_type": "公開買付届出書",
   "filer": "HTSK株式会社",
   "filer_en": "LOGISTEED, Ltd.",
   "description": "公開買付届出書",
   "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100PFCL.pdf"
  },
  {
   "date": "2022-10-28",
   "doc_id": "S100PFEY",
   "doc_type_code": "290",
   "doc_type": "意見表明報告書",
   "filer": "株式会社日立物流",
   "filer_en": null,
   "description": "意見表明報告書",
   "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100PFEY.pdf"
  },
  {
   "date": "2022-11-30",
   "doc_id": "S100PQ4G",
   "doc_type_code": "270",
   "doc_type": "公開買付報告書",
   "filer": "HTSK株式会社",
   "filer_en": "LOGISTEED, Ltd.",
   "description": "公開買付報告書",
   "doc_url": "https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100PQ4G.pdf"
  }
 ],
 "related": [],
 "flags": [],
 "unverified_count": 0
}