Elliott calls on Mitsui & Co. to address the issue of undervaluation with greater urgency.

After Nippon Yusen Kabushiki Kaisha (NYK) announced its midterm management plan, Elliott Investment Management called on the Japanese shipping company to address more aggressively the factors behind its undervaluation. The American activist investor stated on Wednesday that it still has concerns that NYK's latest plan does not go far enough in addressing the significant unrealized gains in its balance sheet assets, particularly in ships and real estate. Elliott stated that the measures outlined in this management plan are positive steps towards improving shareholder returns and is committed to working constructively with the company to achieve a higher valuation. The activist investor disclosed in March that it has amassed a large stake in NYK and argued that despite the company's strong presence in the shipping industry and its status as a major owner of ocean vessels, its value is severely underestimated.