On February 5, 2024, Elliott Management Corporation announced that it is calling for Mitsui Fudosan Co., Ltd. to launch a ¥1tn ($6.8bn) share buyback as it targets the Company end of the Tokyo stock market. Elliott Management stated that it demands include a request that the Company sell down its $3.6bn stake in Oriental Land, the Company that runs Tokyo Disneyland. Elliott Management added that its move is part of increasing pressure on Japanese companies to improve their market valuations, raise their standards of corporate governance and increase their returns on equity.
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5-day change | 1st Jan Change | ||
1,570 JPY | +3.63% | -0.06% | +36.16% |
Apr. 26 | Japan's Nikkei extends early gains as BOJ holds rates steady | RE |
Apr. 26 | Mitsui Fudosan Logistics Park Secures 1.5 Billion Yen Loan to Repay Debt | MT |
EPS Revisions
1st Jan change | Capi. | |
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+36.16% | 27.94B | |
-13.74% | 26.97B | |
+25.00% | 26.95B | |
-0.71% | 25.32B | |
+44.49% | 22.58B | |
+2.78% | 19.59B | |
+1.45% | 19.52B | |
+28.54% | 16.23B | |
-14.80% | 14.98B | |
-1.25% | 14.69B |
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