Tokyo Gas, the largest utility gas provider in Japan, is considering ways to increase the value of its real estate assets in response to pressure from activist investor Elliott.

The company is exploring various strategies, including the potential sale of properties that are not performing well and do not have efficient capital usage.

President Shinichi Sasayama stated during a briefing in Tokyo that the company aims to make better use of its real estate holdings.

Tokyo Gas also plans to review its current mid-term return-on-equity target of 8% and intends to raise this goal once it is achieved.

The company's proactive approach demonstrates its commitment to improving financial performance and addressing the interests of its shareholders.