Streetbeat News

MTSFY

Mitsui Fudosan Co. Ltd.

https://www.mitsuifudosan.co.jp/

Industry

Lessors of Residential Buildings and Dwellings

Open

23.44

Mkt cap

66B

Volume

High

23.44

P/E Ratio

18.72

52-wk high

32.94

Low

23.38

Div yield

0.02

52-wk low

22.14

Elliott Management, an activist investor, has acquired a 2% stake in Mitsui Fudosan (OTC:MTSFY) and is pressuring the company to sell its shares in Oriental Land (OTC:OLCLY), the operator of Tokyo Disney Resort. Elliott proposes using the sale proceeds for a $6.7 billion share buyback to improve Mitsui Fudosan's return on equity. This move is part of Elliott's broader strategy to influence Japanese companies, similar to its past involvement with companies like SoftBank Group and Toshiba.

Portfolio Pulse from Benzinga Neuro

February 06, 2024 | 3:00 am

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