◆ Contrarian Corpus
Campaigns / Elliott Management → Sumitomo Realty & Development Co., Ltd.
Elliott Management vs. Sumitomo Realty & Development Co., Ltd.

Sumitomo Realty & Development Co., Ltd. · 8830

1 deck published between 2025-06-08 and 2025-06-08 — 13 pages, 13 analysed slides total.

initial thesis

Timeline

Each deck in chronological order — click to open. This is the story of the campaign as it unfolded.

  1. 2025-06-08 initial thesis

    Elliott Letter on Sumitomo Realty Development Co. Ltd. ENG

    13pp · letter

    Sumitomo Realty trades at half its post-tax real-estate NAV due to excessive cross-shareholdings, weak payouts, and worst-in-class TOPIX 100 governance; fixing these unlocks 43% upside to ~¥8,000.