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Yumeshin Holdings Co. said Tuesday it will ask Japan Engineering Consultants Co., its target in a hostile takeover bid, to disclose more of its financial statements.

Yumeshin will request that Japan Engineering’s management submit “a range of documents including accounting books,” the construction management company said in a news release.

Because Japan Engineering periodically releases a balance sheet and a profit-and-loss statement as a firm listed on the Jasdaq market, Yumeshin is apparently seeking submission of other financial statements.

Japan Engineering is a construction consultancy services company.

Yumeshin sought the submission of the detailed data in line with the Tokyo District Court’s ruling Thursday that “both companies” need to disclose their business plans to help Japan Engineering shareholders decide whether to grant Yumeshin’s request to sell their holdings.

Yumeshin said it needs the detailed information to consider what positive effects it would be able to obtain by taking over Japan Engineering.

Japan Engineering responded in a statement it remains opposed to the takeover bid.

The company noted Yumeshin itself “has refused to provide us with information about what kind of business operations it is planning to implement following the planned takeover.”

Yumeshin on Monday quintupled the number of shares it says it will seek to buy to counter a Japan Engineering decision to conduct a 5-for-1 stock split as an antitakeover step.

The targeted 17.45 million shares are equal to 46.9 percent of Japan Engineering’s outstanding shares. Because Yumeshin owns 7 percent of Japan Engineering, a successful takeover bid by Yumeshin would jack up its stake to 53.71 percent.

On July 20, Yumeshin launched a public tender offer to acquire a controlling stake in Japan Engineering. The offer will end Aug. 12.

Yumeshin applied July 21 for a court order to bar Japan Engineering from implementing the 5-for-1 stock split. But the Tokyo District Court on Thursday ruled in favor of Japan Engineering, giving it the go-ahead for the planned split.

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