Activist investor Elliott Management pushes Daikin toward major reforms. Daikin Industries shares surged nearly 14 percent Thursday after Elliott Investment Management, which acquired approximately 3 percent stake, announced plans to work with the Japanese industrial giant to improve performance and close its valuation gap with competitors. Elliott stated that Daikin's market-leading businesses and strong growth track record are materially undervalued despite the company's global scale and impressive long-term performance. The activist investor highlighted the upcoming medium-term management plan as opportunity to address undervaluation through concrete measures including margin expansion, improved shareholder returns, and portfolio review of non-core assets.
