Added to YB: 2026-06-04
Pitch date: 2026-05-14
9104.T [bullish]
Mitsui O.S.K. Lines, Ltd.
Author Info
Senjin Capital is a Sydney-based investment manager focused on unlocking the value trapped inside many of Japan’s overlooked small-cap public companies. Sign up for the newsletter.
Company Info
Mitsui O.S.K. Lines, Ltd., together with its subsidiaries, provides marine transportation and vessel chartering services in Japan, North America, Europe, Singapore, rest of Asia, and internationally.
Market Cap
JPY 1.9T
Pitch Price
N/A
Price Target
N/A
Dividend
3.73%
EV/EBITDA
12.64
P/E
8.89
EV/Sales
2.31
Sector
Marine Transportation
Category
special_situation
'Shadow activism' – actionable idea: Mitsui OSK (US$12.4bn market cap)
9104.T: Japanese shipping giant ($12.4bn cap) w/ Elliott stake (<5%) pushing asset realization. SOTP support from cash, RE (Daibiru), ~1/3 ONE containership JV. Catalysts: private REIT, peer-shaming on buybacks (only 5% vs K-Line 25%), energy tanker upside from Iran. Cyclical risk but overcapitalized balance sheet provides downside support + activist optionality.
Read full article (4 min)