Reported about 8 hours ago
Japan's largest utility gas provider, Tokyo Gas, announced plans to explore various strategies to enhance the value of its real estate assets, influenced by an activist investor's interest. The company, led by President Shinichi Sasayama, is looking at potential sales of underutilized properties, particularly after Elliott Investment Management acquired a 5% stake and urged the firm to assess its multi-billion dollar real estate portfolio. The firm aims to improve its capital efficiency and may elevate its return-on-equity target once current goals are achieved.
Source: YAHOO