Latest news for Mitsui Fudosan Co (OTC:MTSFY) Stock

Mitsui Fudosan Co

Mitsui Fudosan is one of the three big Japanese real estate companies, together with Mitsubishi Estate and Sumitomo Realty. Although its traditional office district is Nihonbashi, it has developed large office projects across Tokyo, as well as London and New York City. Mitsui Fudosan derives a higher portion of its revenue and profits from retail leasing than Mitsubishi Estate and Sumitomo Realty with an extensive portfolio of urban retail buildings, shopping malls, and outlet parks. It is in the process of expanding the latter two formats across Asia. Like Sumitomo Realty, it is active in condo development and residential real estate brokerage, and its Mitsui Home unit is a second-tier builder of detached houses.

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Elliott Management, a U.S.-based investment fund, has been increasing its stake in Mitsui Fudosan, Japan&#39;s top property group, since last year. This has positioned Elliott as one of the developer&#39;s five largest shareholders, giving it the leverage to make these demands. 

Activist Investor Presses Mitsui Fudosan To Offload Tokyo Disney Resort Operator Shares, Proposes $6.7B Buyback: Report

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Singapore&#39;s Swat Mobility Contemplates Japan IPO Or US SPAC Listing: Bloomberg

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Mitsui Fudosan Co Ltd

Mitsui Fudosan ADR (MTSFY) leads the Real Estate Diversified industry with an overall score of 58. MTSFY is up 37.00% so far this year after the company closed yesterday at $74.68.  The overall score measures the company's performance based-off both short and long term indicators and means that MTSFY scores better than 58%

Is Mitsui Fudosan ADR (MTSFY) a Winner in the Real Estate Diversified Industry?

Mitsui Fudosan ADR (MTSFY) is the highest overall rated company in the Real Estate Diversified industry with an overall score of 57. MTSFY is up 40.62% so far this year after the company closed yesterday at $74.01.  The overall score measures the company's performance based-off both short and long term indicators and means

Should Mitsui Fudosan ADR (MTSFY) Stock Be in Your Portfolio?

Mitsui Fudosan ADR (MTSFY) is the highest overall rated company in the Real Estate Diversified industry with an overall score of 56. MTSFY is up 35.85% so far this year after the company closed yesterday at $73.67.  The overall score measures the company's performance based-off both short and long term indicators and means

Should You Buy Mitsui Fudosan ADR (MTSFY) in Real Estate Diversified Industry?

Mitsui Fudosan ADR (MTSFY) is the highest overall rated company in the Real Estate Diversified industry with an overall score of 56. MTSFY is up 31.92% so far this year after the company closed yesterday at $72.2.  The overall score measures the company's performance based-off both short and long term indicators and means

Where Does Mitsui Fudosan ADR (MTSFY) Stock Fall in the Real Estate Diversified Field?

Mitsui Fudosan ADR (MTSFY) is the highest overall rated company in the Real Estate Diversified industry with an overall score of 58. MTSFY is up 38.17% so far this year after the company closed yesterday at $75.36.  The overall score measures the company's performance based-off both short and long term indicators and means

Mitsui Fudosan ADR (MTSFY) Is the Top Stock in the Real Estate Diversified Industry?

Mitsui Fudosan ADR (MTSFY) leads the Real Estate Diversified industry with an overall score of 59. MTSFY is up 43.03% so far this year after the company closed yesterday at $77.58.  The overall score measures the company's performance based-off both short and long term indicators and means that MTSFY scores better than 59%

Is Mitsui Fudosan ADR (MTSFY) the Top Pick in the Real Estate Diversified Industry?

Mitsui Fudosan ADR (MTSFY) is the highest overall rated company in the Real Estate Diversified industry with an overall score of 55. MTSFY is up 52.30% so far this year after the company closed yesterday at $85.9.  The overall score measures the company's performance based-off both short and long term indicators and means

Is Mitsui Fudosan ADR (MTSFY) The Right Choice in Real Estate Diversified?

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Activist investor Elliott Management has acquired a 2% stake in Mitsui Fudosan Co Ltd (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MTSFY#OTC">MTSFY</a>), a leading Japanese developer. The investor is now reportedly pressuring the company to sell its shares in Oriental Land (OTC:<a class="ticker" href="https://www.benzinga.com/stock/OLCLY#OTC">OLCLY</a>). 



What Happened: Elliott Management, a U.S.-based investment fund, is advocating for Mitsui Fudosan to divest its stake in Oriental Land, a key operator of the Tokyo Disney Resort, <a href="https://asia.nikkei.com/Business/Travel-Leisure/Activist-fund-Elliott-pushes-Mitsui-Fudosan-to-dump-Tokyo-Disney-stake">reported</a> Nikkei Asia on Monday. The activist investor has been gradually increasing its stake in Mitsui Fudosan, positioning itself as one of the company&#8217;s top five shareholders.



Elliott Management is proposing that the proceeds from the sale of the Oriental Land shares, valued at approximately 500 billion yen, be used for a 1 trillion yen ($6.74 billion) share buyback. The activist investor believes that this move could significantly improve the developer&#8217;s return on equity, which currently stands at around 7%, compared to 10% and 9% for its competitors Nomura Real Estate Holdings Inc (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NMEHF#OTC">NMEHF</a>) and Sumitomo Realty &amp; Development Co Ltd (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SURDF#OTC">SURDF</a>), respectively.



Despite Mitsui Fudosan&#8217;s historical ties with Oriental Land, Elliott Management is advocating for a complete divestment of the shares. The investor believes that this move would enable Mitsui Fudosan to improve its return on equity, which currently lags behind its competitors.



See Also: <a href="https://www.benzinga.com/markets/commodities/24/01/36865220/with-an-anticipated-supply-gap-has-the-recent-sell-off-in-lithium-equities-created-opportunit?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">With An Anticipated Supply Gap, Has The Recent Sell-Off In Lithium Equities Created Opportunities For Investors?</a>



Mitsui Fudosan, Oriental Land, and Elliott Management did not immediately respond to <a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga</a>'s request for comment.



The Oriental Land Company fully owns and operates the Tokyo Disney Resort under a license from The Walt Disney Company.



Why It Matters: Elliott Management has been actively involved in the Japanese market. The firm previously acquired shares in SoftBank Group and advocated for a share buyback. Before Toshiba went private, Elliott also appointed a director to the tech group&#8217;s board. More recently, Elliott became a major shareholder of Dai Nippon Printing and is pushing the firm to sell off real estate holdings and cross-held shares.



These developments are in line with Elliott&#8217;s previous activities, such as its <a href="https://www.benzinga.com/news/23/01/30516776/activist-investor-elliott-makes-multibillion-dollar-investment-in-salesforce-wsj">multibillion-dollar investment in Salesforce</a> and its subsequent push for changes in the company&#8217;s strategy. The current move to influence Mitsui Fudosan&#8217;s strategy reflects Elliott&#8217;s ongoing efforts to drive change in the Japanese market.



Meanwhile, Walt Disney Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) will <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/02/36944310/disney-q1-earnings-preview-media-company-battling-desantis-musk-peltz">report first-quarter financial results</a> after market close on Wednesday. Disney is expected to report first-quarter revenue of $23.685 billion according to data from Benzinga Pro. The company reported $23.512 billion in revenue in the prior year period.



Read Next: <a href="https://www.benzinga.com/markets/equities/24/02/36925173/if-you-invested-1000-in-apple-when-steve-jobs-returned-to-apple-28-years-ago-heres-how-much-youd?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">If You Invested $1000 In Apple When Steve Jobs Returned To Apple 28 Years Ago, Here&#8217;s How Much You&#8217;d Have</a>



Photo by Younho Choo on Unsplash




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<ul>
	<li>Singapore&rsquo;s on-demand bus service provider&nbsp;Swat Mobility Pte&nbsp;is contemplating an IPO in Japan to finance its expansion,&nbsp;<a class="editor-rtfLink" href="https://www.bloomberg.com/news/articles/2021-03-09/singapore-s-swat-mobility-is-said-to-consider-ipo-in-japan?sref=TBDibEcD" style="color: rgb(14, 16, 26); background: transparent; margin-top:0pt; margin-bottom:0pt;; color: #4a6ee0;" target="_blank">Bloomberg reports</a>.</li>
	<li>The start-up recently appointed an international auditing firm as it considered listing on the Tokyo stock exchange.</li>
	<li>Swat Mobility utilizes high-precision route-optimizing technology to pool multiple passengers. The company considers Japan as a promising market for on-demand bus services amidst fatal accidents involving elderly drivers.</li>
	<li>The start-up considers&nbsp;Toyota Motor Corp&nbsp;(NYSE:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/tm#NYSE" style="color: rgb(14, 16, 26); background: transparent; margin-top:0pt; margin-bottom:0pt;; color: #4a6ee0;" target="_blank">TM</a>) among its partners. The company&rsquo;s customers include&nbsp;Mitsui Fudosan Co Ltd&nbsp;(OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/mtsff#OTC" style="color: rgb(14, 16, 26); background: transparent; margin-top:0pt; margin-bottom:0pt;; color: #4a6ee0;" target="_blank">MTSFF</a>) (OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/mtsfy#OTC" style="color: rgb(14, 16, 26); background: transparent; margin-top:0pt; margin-bottom:0pt;; color: #4a6ee0;" target="_blank">MTSFY</a>) and&nbsp;Jupiter Telecommunications Co., the Japanese cable-TV company known as J:COM.</li>
	<li>Swat won investments from backers led by GB-VII Growth Fund Investment LP, the University of Tokyo Edge Capital Partners Co., iGlobe Platinum Fund II Pte, and LKJ Capital Japan Ltd.</li>
	<li>The firm has not ruled out the possibilities of a U.S. listing via a merger with a special purpose acquisition company (SPAC). Investment bankers have reportedly approached the company.</li>
	<li>Swat Mobility presently operates in Singapore, Japan, the Philippines, Thailand, Vietnam, Indonesia, and Australia.</li>
</ul>

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