MOL is currently finalizing the MOL Group Corporate Management Plan“BLUE ACTION 2035” Phase 2, which is scheduled to be announced at the end of March

The Japanese shipping group Mitsui O.S.K. Lines, Ltd. (MOL)  has announced that it has been approached by a specific investor following the disclosure by Elliott Investment Management of a “significant stake” in the Japanese shipping company.Japan's fair disclosure rules will be adhered to, and shareholders will be treated equally, according to the cargo vessel and oil tanker operator. Details of the mid-term plan are scheduled to be announced at the end of March. In its statement, Mitsui OSK did not identify the investor or disclose the size of the holding.

In a statement released regarding recent media reports

In a statement released on 19 March regarding recent media reports, the company officially confirmed contact with a 'specific investor'.MOL has stated that it is committed to disclosing information in a timely and appropriate manner, and to treating all shareholders and investors fairly, in compliance with the Fair Disclosure Rule.

The investor involved is Elliott Investment Management.

Notably earlier media reports indicated that the investor involved is Elliott Investment Management. The full statement of MOL is as follows: “Some media reported that Elliott Investment Management has acquired a stake in Mitsui O.S.K. Lines, Ltd. As reported, it is true that the company has been contacted by a specific investor.

MOL in compliance with the Fair Disclosure Rule

“The company, in compliance with the Fair Disclosure Rule and the principle of equal treatment of shareholders, is committed to timely and appropriate information disclosure and treats all shareholders and investors fairly.

“The company is currently finalizing the MOL Group Corporate Management Plan “BLUE ACTION 2035” Phase 2, which is scheduled to be announced at the end of March, and remains committed to ensuring that this plan contributes to the medium- to long-term enhancement of value for all stakeholders.”

Related : MOL secures $1.6bn loan for LBC Tank Terminals acquisition and Names New Board of Directors

Mitsui OSK Lines CEO Takeshi Hashimoto

Statement of  Elliott Investment Management L.P.

On the other hand - Elliott Investment Management L.P. and Elliott Advisors (UK) Limited ("Elliott"), which advise funds that together have a significant investment in Mitsui O.S.K. Lines, Ltd. ("Mitsui O.S.K." or the "Company"),issued the following statement:

Elliott's investment in Mitsui O.S.K. Lines reflects our belief in the Company's long track record of success in shipping and its standing as one of the largest diversified owners of oceangoing vessels globally. Despite this strong market position and high-quality assets, the market materially undervalues the business. We are a significant investor in Mitsui O.S.K. because we see an opportunity to work constructively with the Company to ensure its upcoming medium-term management plan is appropriately ambitious, to reframe how it is viewed by the market and to deliver the premium valuation it deserves.

Elliott Investment Management founder and president Paul Singer

Significant stake in Japanese shipping giant Mitsui OSK Lines,

It is noteworthy that Elliott Investment Management has taken a significant stake in Japanese shipping giant Mitsui OSK Lines, calling for measures to boost shareholder returns and unlock value from the company’s asset base. The US activist investor stated that it views Mitsui OSK as “materially undervalued” and intends to engage with management as the company prepares its next medium-term plan. Manhattan-based Elliott has been growing its footprint in Japan, targeting companies across sectors including utilities, real estate and industrials.

Elliott’s proposals is a review of Mitsui OSK’s real estate portfolio

Sources told Reuters that among Elliott’s proposals is a review of Mitsui OSK’s real estate portfolio. This could involve relisting the group’s Daibiru property subsidiary, which was taken private in 2022. The firm headed by Paul Singer has said that it is a significant investor in Mitsui OSK. It says that it sees an opportunity to work constructively with the company. It wants to make sure that the company's upcoming medium-term management plan is appropriately ambitious. It also wants to change how the market views the company. And it wants to deliver the premium valuation that it deserves.

Its investment under wraps

Elliott kept the exact size of its investment under wraps. According to Japan’s Financial Services Agency, disclosure requirements for large shareholders kick in at the 5 percent threshold.

Purchased a stake in Tokyo Gas

Elliott had previously purchased a stake in Tokyo Gas in 2024. After the US firm urged the city gas utility to increase its value by selling parts of its extensive real estate portfolio, Tokyo Gas earmarked assets for sale in January of last year to fund growth investments.

About : Elliott Investment Management L.P. 

Elliott Investment Management L.P. (together with its affiliates, “Elliott”) is one of the oldest investment managers of its kind under continuous management. As of December 31, 2025, Elliott manages approximately $79.8 billion in assets. The firm employs a staff of 657 people*, including nearly half dedicated to portfolio management and analysis, trading and research, in its Florida headquarters  and affiliated offices elsewhere. Elliott Investment Management is one of the world’s largest and most prominent activist hedge funds, managing it focuses on public equity, distressed securities, and activist campaigns designed to drive corporate changes and maximize value.

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