US EditionElliott Calls for Further Action to Enhance Corporate Value and Strengthen Corporate Governance Ahead of Sumitomo Realty's 2025 Annual General Meeting
- Elliott plans to vote against Sumitomo Realty's senior management at the June 9, 2025, AGM absent further governance and value-enhancement measures.
- This plan addresses Elliott's concerns regarding Sumitomo Realty's weak returns to shareholders, high levels of cross ownership, diminishing effectiveness in capital use, and insufficient corporate governance.
- Sumitomo Realty trades at about half of its post-tax net asset value and has faced steadily declining shareholder approval, with the Chairman's rating falling to 77% in 2023.
- Elliott highlighted that adopting measures to enhance capital efficiency and increase returns to shareholders, including dismantling cross-shareholding structures and setting a clear performance goal for returns, would create substantial value.
- Elliott’s vote signals heightened shareholder scrutiny and underscores a critical juncture for Sumitomo Realty to accelerate governance reforms and enhance corporate value at the 2025 AGM.
65 Articles
65 Articles
Elliott Calls for Further Action to Enhance Corporate Value and Strengthen Corporate Governance Ahead of Sumitomo Realty's 2025 Annual General Meeting
Elliott plans to vote against members of Sumitomo Realty's senior management at the 2025 AGM absent further corporate-governance and value-enhancement initiatives LONDON, June 8, 2025 /PRNewswire/ -- Elliott Investment Management, L.P. and Elliott Advisors (UK) Limited ("Elliott"), which advise funds that together have a more than 3% ownership stake in Sumitomo Realty & Development Co., Ltd. ("Sumitomo Realty" or the "Company"), making it one of…
Elliott Calls for Further Action to Enhance Corporate Value and Strengthen Corporate Governance Ahead of Sumitomo Realty’s 2025 Annual General Meeting
Elliott plans to vote against members of Sumitomo Realty’s senior management at the 2025 AGM absent further corporate-governance and value-enhancement initiatives LONDON, June 9, 2025 /PRNewswire/ — Elliott Investment Management, L.P. and Elliott Advisors (UK) Limited (“Elliott”), which advise funds that together have a more than 3% ownership stake in Sumitomo Realty & Development Co., Ltd. […] The post Elliott Calls for Further Action to Enhanc…
Elliott Calls for Further Action to Enhance Corporate Value and Strengthen Corporate Governance Ahead of Sumitomo Realty's 2025 Annual General Meeting - PressReach
Elliott Investment Management, L.P. and Elliott Advisors (UK) Limited ("Elliott"), which advise funds that together have a more than 3% ownership stake in Sumitomo Realty &
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