Heiwa Target for Mitsubishi Exploiting 51% Discount

Heiwa Target for Mitsubishi Exploiting 51% Discount

Tomohiro Ohsumi/Bloomberg

A man cycles past the Tokyo Stock Exchange building in Tokyo. Heiwa Fudosan Co., which owns some land and six buildings including the Tokyo Stock Exchange in the historic Nihonbashi district, trades at a 51 percent discount to the value of its net assets, the cheapest of any Japanese real estate developer, according to data compiled by Bloomberg.