CEO at Kadokawa, Japan's 'Elden Ring' powerhouse, survives shareholder vote
CEO at Kadokawa, Japan's 'Elden Ring' powerhouse, survives shareholder vote TOKYO, June 24 (Reuters) - Japanese media powerhouse Kadokawa 9468.T said on Wednesday that its CEO had secured enough support from shareholders to stay on as a board member despite an activist investor campaign calling for him to step down.
The exact level of support for Chief Executive Takeshi Natsuno at Kadokawa's annual general meeting was not disclosed.
While Kadokawa's "Elden Ring" video game franchise has been a smash hit, Natsuno has faced criticism for declining profitability over his tenure since 2021.
In May, Hong Kong-based activist investor Oasis Management, now Kadokawa's largest shareholder with a 15.25% stake, called upon shareholders to vote him out, gaining support from proxy advisors ISS and Glass Lewis.
(Reporting by Anton Bridge; Editing by Edwina Gibbs)
Recent news on Kadokawa
See all newsKadokawa CEO's support falls to 60% at AGM after activist campaign (updated)
Refile: Shareholder support for CEO of anime and gaming giant Kadokawa falls to 59.68% at AGM
CEO at Kadokawa, Japan's 'Elden Ring' powerhouse, survives shareholder vote (updated)
CEO at Kadokawa, Japan's 'Elden Ring' powerhouse, survives shareholder vote
Brief: Oasis Management Raises Stake In Kadokawa To 15.25% From 13.76%, Filing Shows