On April 11, 2024, Elliott Advisors (UK) Limited announced that it has issued a statement by Elliott Partner, Nabeel Bhanji, stating that he welcomes Mitsui Fudosan Co., Ltd.'s new Long-Term Vision, which reflects the constructive dialogue that he has had with the Company in recent months. Nabeel Bhanji added that the Company's announcements mark a positive step forward in its focus on value creation. In particular, he is encouraged by the Company's decision to meaningfully raise return on equity, asset turnover, and capital return targets; significantly reduce cross shareholdings; and enhance its corporate governance.

Nabeel Bhanji stated that he looks forward to his ongoing engagement with the Company as it continues its transformation.