<div id="readability-page-1"><div> By Kosaku Narioka <pre></pre> Elliott Investment Management called on Mitsui O.S.K. Lines to confront the factors behind its undervaluation more ambitiously, after the Japanese shipper announced its medium-term management plan. The U.S. activist investor said Wednesday that it remained concerned that the shipper's latest plan didn't go far enough in addressing the large unrealized gains from vessels and real estate on the company's balance sheet. Elliott said the initiatives outlined in the management plan are positive steps toward improving shareholder returns and that it is committed to working constructively with the company to achieve a higher valuation. The activist investor said in March that it had built a significant stake in Mitsui O.S.K., saying the company is materially undervalued despite its strength in shipping and its standing as a major owner of oceangoing vessels. <pre></pre> Write to Kosaku Narioka at kosaku.narioka@wsj.com <pre></pre> (END) Dow Jones Newswires April 01, 2026 00:42 ET (04:42 GMT)Copyright (c) 2026 Dow Jones &amp; Company, Inc.</div></div>

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Elliott Investment Management urged Mitsui O.S.K. Lines to address its undervaluation more aggressively following the announcement of its medium-term management plan. The activist investor expressed concerns that the plan does not sufficiently tackle the unrealized gains from vessels and real estate on the balance sheet. While Elliott acknowledged the positive steps in the plan aimed at enhancing shareholder returns, it remains committed to collaborating with the company to achieve a higher valuation, having previously acquired a significant stake in Mitsui O.S.K.

Elliott Calls on Mitsui O.S.K. to Tackle Undervaluation More Ambitiously