Elliott Statement on The Kansai Electric Power Company, Inc.
Elliott Investment Management L.P. and Elliott Advisors (UK) Limited, collectively known as Elliott, are among the largest shareholders of The Kansai Electric Power Company, Inc. (Kansai Electric). They have issued a statement regarding the company's recent developments.
Elliott welcomes Kansai Electric's decision to increase its dividend and its openness to setting equity ratio and dividend payout ratio targets. These measures are seen as a positive step towards enhancing the company's stock appeal and improving its capital efficiency. As Kansai Electric unveils its new medium-term management plan, Elliott urges the company to take the following actions:
- Clearly articulate how its growth spending plans will positively impact earnings per share.
- Outline a plan to increase its dividend per share to a minimum of ¥100.
- Establish a clear and ambitious return on equity target, accompanied by specific strategies to enhance capital efficiency, such as monetizing non-core assets and repurchasing shares.
Elliott Investment Management L.P. is a prominent investment firm, managing approximately $76.1 billion in assets as of June 30, 2025. Founded in 1977, it boasts one of the oldest funds under continuous management. Elliott's investors include pension plans, sovereign wealth funds, endowments, foundations, funds-of-funds, high net worth individuals and families, and employees of the firm.
Media Contacts:
London: Stijn van de Grampel
Elliott Advisors (UK) Limited
T: +44 20 3009 1061
[email protected]
New York: Stephen Spruiell
Elliott Investment Management L.P.
T: +1 (212) 478-2017
[email protected]
Tokyo: Brett Wallbutton
Ashton Consulting
T: +81 (0) 3 5425-7220
[email protected]
SOURCE: Elliott Investment Management L.P.
