Updated Mar 23, 2026 by GungHo Online Entertainment
GungHo Online Entertainment’s board has unanimously rejected all shareholder proposals from Strategic Capital and LIM Japan Event Master Fund for the 2026 Annual General Meeting.
The board rejected shareholder-return proposals that would have distributed approximately 57% of the company's cash and deposits, labeling the demand as excessive.
GungHo maintains a capital return policy targeting a 4% dividend-on-equity (DOE) and a minimum 50% consolidated payout ratio, including a ¥90.00 per share dividend for FY 2025.
The company plans to execute a treasury-share acquisition of up to ¥5 billion, representing approximately 3.9% of issued shares, to support long-term value creation.
GungHo is increasing its board independence, with the proportion of outside directors set to rise from 40% to 50% following the 2026 AGM.
The board dismissed governance and disclosure proposals, asserting that current internal controls, audit procedures, and reporting practices already satisfy all regulatory requirements.
GungHo Online Entertainment’s board has unanimously rejected all shareholder proposals from Strategic Capital and LIM Japan Event Master Fund for the 2026 Annual General Meeting.
The board rejected shareholder-return proposals that would have distributed approximately 57% of the company's cash and deposits, labeling the demand as excessive.
GungHo maintains a capital return policy targeting a 4% dividend-on-equity (DOE) and a minimum 50% consolidated payout ratio, including a ¥90.00 per share dividend for FY 2025.
The company plans to execute a treasury-share acquisition of up to ¥5 billion, representing approximately 3.9% of issued shares, to support long-term value creation.
GungHo is increasing its board independence, with the proportion of outside directors set to rise from 40% to 50% following the 2026 AGM.
The board dismissed governance and disclosure proposals, asserting that current internal controls, audit procedures, and reporting practices already satisfy all regulatory requirements.