Corrected: BRIEF-Mitsui Fudosan Needs To Be A Lot Clearer About Its Stake In Oriental Land - Source

Mitsui Fudosan Co

05/02/2024 08:53

(Corrects story to show that the information is from an
anonymous source.)
       Feb 5 (Reuters) - Person familiar with matter:
    * MITSUI FUDOSAN  8801.T  IS UNDERVALUED AS IT HAS A LOT OF
CROSS-SHAREHOLDINGS AND IT IS KEEPING THESE ASSETS ON BALANCE
SHEET FOR TOO LONG
    * MITSUI FUDOSAN'S ROE IS THE LOWEST AMONGST ITS PEERS
    * MITSUI FUDOSAN'S STAKE IN ORIENTAL LAND IS SINGLE LARGEST
ASSET
ON ITS BALANCE SHEET
    * MITSUI FUDOSAN NEEDS TO BE A LOT CLEARER ABOUT ITS STAKE
IN
ORIENTAL LAND AND OUR OPINION IS THAT THEY SHOULD REALLY SELL
THAT

Further company coverage:  8801.T