Elliott says Mitsui OSK’s medium-term plan does not go ‘far enough’

try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Asia stocks surge as Trump touts end to Iran war; S.Korea outperforms with 8% jump Trump says U.S. to leave Iran in “two or three weeks” Trump urges countries to "take" Hormuz as White House reportedly mulls Iran exit Oil steady around $104/bbl as Trump eyes Iran war exit without Hormuz reopening (South Africa Philippines Nigeria) Elliott says Mitsui OSK’s medium-term plan does not go ‘far enough’ By Author Ambar Warrick Stock Markets Published 04/01/2026, 01:40 AM Elliott says Mitsui OSK’s medium-term plan does not go ‘far enough’ 0 9104 -0.55% Investing.com-- Elliott Investment Management said on Wednesday that Japanese shipping giant Mitsui O.S.K. Lines’ (TYO: 9104 ) new medium-term management plan did not go “far enough” in providing shareholder returns, especially in comparison to its peers. The activist investor said in a statement that the initiatives outlined by Mitsui in its medium-term management plan were positive steps towards improving shareholder returns and increasing capital efficiency. Get more breaking updates on Japan’s top stocks by subscribing to InvestingPro “Elliott remains concerned that the MTMP does not go far enough in closing Mitsui O.S.K.’s significant gap in shareholder returns to its peers or concretely addressing the large unrealized gains from vessels and real estate on the Company’s balance sheet,” the activist investor said. “Mitsui O.S.K. must more ambitiously confront the factors behind its deep undervaluation.” Shares of the shipping line fell 1.3% on Wednesday. The company recently released a “phase 2” of its Blue Action 2035 transformation plan aimed at shifting focus towards “value realization” in the next four years. Elliott had in March disclosed a “significant” stake in Mitsui, stating that the stock was materially undervalued despite its strong business and high-quality assets.