What smart money is saying about Mitsubishi Logistics Corporation
9301.T · Industrials · Integrated Freight & Logistics · Market cap $3.23B
1 fund in our archive has pitched Mitsubishi Logistics Corporation — most recently AVI Japan Opportunity Trust (Asset Value Investors) in July 2026.
Company profile
Mitsubishi Logistics Corporation provides logistics services in Japan and internationally. It operates through the Logistics and Real Estate segments. The company offers warehousing; port, harbor, international, overland, and maritime transportation; and customs clearance services. It also engages in the development, sale, and operational management of logistics information systems; manages and operates parking lots and shopping centers; and provides condominium management and maintenance services. In addition, the company involved in the design and supervision of construction work; wrapping, labeling, and storage of business of pharmaceutical product and medical devices; sales, purchases, leasing, and management of real estate, including office buildings, commercial facilities, hotels, and residences; warehouse operation and storage; distribution centers operation and processing; and operation of electronic repair centers. Further, it engages in the power generation and electricity supply business. The company was formerly known as Mitsubishi Warehouse Co., Ltd. and changed its name to Mitsubishi Logistics Corporation in 1996. Mitsubishi Logistics Corporation was incorporated in 1887 and is headquartered in Chuo, Japan.
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6
Reported positions
2
Bought
0
Sold
6
Letters
Position history
Every position in Mitsubishi Logistics Corporation on record in the archive was reported in Q3 2026, across 6 fund letters — 2 opened or added to the position.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 6 | 2 | 0 | 1 |
Fund activity · 6 positions · 2 moves
- August 2026
“In terms of detractors the most notable one was Jardine Matheson (-59bps). The shares have now de-rated substantially from a mid-20s discount earlier in the year to 41% currently. We have been adding to the position and believe one seller in particular has been weighing on the price. Mitsubishi Logistics (- 35bps) and Christian Dior (-22bps) were the other detractors.”
Mitsubishi Logistics Corporation - August 2026
“Mitsubishi Logistics (9301) — Corporate value enhancement Mitsubishi Logistics (Mitsubishi) was the largest detractor over the month, reducing performance by -50bps as its share price returned -5.6%. Mitsubishi is a major Japanese logistics and real estate company headquartered in Tokyo. It provides global port transportation, warehousing and real estate leasing services. In late July, the company reported first-quarter results, with operating revenue up 2.9% year-on-year but operating profit modestly lower. The results came in below market expectations, which appears to have weighed on the shares. Meanwhile, the company continues to progress the corporate value enhancement plan announced in June 2026. Given its relatively low ROE and PBR, Mitsubishi set targets of 10% ROE and 1.5x PBR by FY2030. In addition to business growth through investment, the company intends to reduce its cost of equity, enhance disclosure and improve shareholder returns. As the company holds a significant real estate portfolio, investors are focused on whether management can improve capital efficiency by making better use of these assets. In July, the company took a concrete step in this direction, establishing an asset management company to run a private real estate fund of approximately ¥30bn, which should help realise value from its real estate holdings while improving asset turnover. In August, the company also announced an investment of approximately ¥6bn in a US logistics facility under an asset-recycling model, a further sign that management is putting this strategy into practice. Mitsubishi was added to the portfolio in January 2025 and accounted for 7.7% of NAV at month-end. To date, the investment has delivered an ROI of +26% and an IRR of +36% in JPY.”
Mitsubishi Logistics Corporation - HoldsAVI Global TrustAugust 2026
“Mitsubishi Logistics (- 38bps) and Symphony International (-24bps) were the other detractors.”
Mitsubishi Logistics Corporation - August 2026
“Mitsubishi Logistics (9301) — Corporate value enhancement Mitsubishi Logistics (Mitsubishi) was the largest detractor over the month, reducing performance by -57bps as its share price returned -5.6%. Mitsubishi is a major Japanese logistics and real estate company headquartered in Tokyo. It provides global port transportation, warehousing and real estate leasing services. In late July, the company reported first-quarter results, with operating revenue up 2.9% year-on-year but operating profit modestly lower; The results came in below market expectations, which appears to have weighed on the shares. Meanwhile, the company continues to progress the corporate value enhancement plan announced in June 2026. Given its relatively low ROE and PBR, Mitsubishi set targets of 10% ROE and 1.5x PBR by FY2030. In addition to business growth through investment, the company intends to reduce its cost of equity, enhance disclosure and improve shareholder returns. As the company holds a significant real estate portfolio, investors are focused on whether management can improve capital efficiency by making better use of these assets. In July, the company took a concrete step in this direction, establishing an asset management company to run a private real estate fund of approximately ¥30bn, which should help realise value from its real estate holdings while improving asset turnover. In August, the company also announced an investment of approximately ¥6bn in a US logistics facility under an asset-recycling model, a further sign that management is putting this strategy into practice. Mitsubishi was added to the portfolio in January 2025 and accounted for 8.5% of NAV at month-end. To date, the investment has delivered an ROI of +32% and an IRR of +33% in JPY.”
Mitsubishi Logistics Corporation - July 2026
“Mitsubishi Logistics Corporation (9301) — Corporate value enhancement Mitsubishi Logistics Corporation (“Mitsubishi”) was one of the large contributors over the month, adding +37bps to performance as its shares returned +4.6%. Mitsubishi is a major Japanese logistics and real estate company headquartered in Tokyo. It provides global port transportation, warehousing and real estate leasing services. In June, the company announced an updated plan regarding initiatives to enhance corporate value. Given its relatively low ROE and PBR, Mitsubishi set targets of 10% ROE and 1.5x PBR by FY2030. In addition to business growth through investment, the company intends to reduce its cost of equity, enhance disclosure and improve shareholder returns. As the company holds a significant real estate portfolio, investors are focused on whether management can improve capital efficiency by making better use of these assets. One area of interest is the company’s plan to establish an asset management company for a real estate fund, which could help realise value from its real estate holdings while improving asset turnover. Mitsubishi was added to the portfolio in January 2025 and accounted for 8.5% of NAV at month-end. To date, the investment has delivered an ROI of +23% and an IRR of +35% in JPY.”
Mitsubishi Logistics Corporation - July 2026
“Mitsubishi Logistics Corporation (9301) — Corporate value enhancement Mitsubishi Logistics Corporation (“Mitsubishi”) was the second- largest contributor over the month, adding +45bps to performance as its shares returned +4.6%. Mitsubishi is a major Japanese logistics and real estate company headquartered in Tokyo. It provides global port transportation, warehousing and real estate leasing services. In June, the company announced an updated plan regarding initiatives to enhance corporate value. Given its relatively low ROE and PBR, Mitsubishi set targets of 10% ROE and 1.5x PBR by FY2030. In addition to business growth through investment, the company intends to reduce its cost of equity, enhance disclosure and improve shareholder returns. PORTFOLIO (continued) AVI JAPAN OPPORTUNITY TRUST A blue and black logo AI-generated content may be incorrect. Sector Breakdown3 MANAGER’S COMMENT32% 19%19% 17% 7% 3% 2% 1% Industrials Consumer Discretionary Communication Services Information Technology Health Care Materials Real Estate Consumer Staples51% 20% 15% 2% 0% 11% < £250mn £250mn - £500mn £500mn - £750mn £750mn - £1bn £1bn - £2.5bn > £2.5bn Market Cap Breakdown3 Figures may not total to 100 due to rounding. 3Shown as % of listed Portfolio. Unlisted holdings which represent of NAV as at have been excluded from analysis. Source: Capital IQFigures may not total to 100 due to rounding.31/07/20262.4% As the company holds a significant real estate portfolio, investors are focused on whether management can improve capital efficiency by making better use of these assets. One area of interest is the company’s plan to establish an asset management company for a real estate fund, which could help realise value from its real estate holdings while improving asset turnover. Mitsubishi was added to the portfolio in January 2025 and accounted for 9.5% of NAV at month-end.”
Mitsubishi Logistics Corporation
Fund coverage · 1 thesis
Mitsubishi Logistics Corporation is a Japanese logistics and real estate company pursuing corporate value enhancement through higher ROE, better capital efficiency, and asset monetization.
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