Updated Mar 17, 2026 by GungHo Online Entertainment
Kazuya Sakai, formerly CFO, has been appointed CEO, while former CEO Kazuki Morishita will focus exclusively on game development to balance creative output with financial discipline.
GungHo has implemented a new dividend policy targeting a 4% Dividend on Equity (DOE) ratio and a minimum payout ratio of 50%, resulting in an increased ordinary dividend of 90 yen per share for FY2025.
The company is executing a 5 billion yen share buyback and cancelling approximately 23.1% of its outstanding treasury shares to enhance capital efficiency.
Of the company's 70 billion yen in non-consolidated cash, 50 billion yen is allocated for five-year development and maintenance, while 20 billion yen is reserved for M&A and shareholder returns.
Governance reforms include increasing the proportion of independent outside directors to 50% of the board.
Operational priorities include restoring the frequency of IP collaboration events and strengthening the collaborative relationship with subsidiary Gravity regarding the Ragnarok IP.
Kazuya Sakai, formerly CFO, has been appointed CEO, while former CEO Kazuki Morishita will focus exclusively on game development to balance creative output with financial discipline.
GungHo has implemented a new dividend policy targeting a 4% Dividend on Equity (DOE) ratio and a minimum payout ratio of 50%, resulting in an increased ordinary dividend of 90 yen per share for FY2025.
The company is executing a 5 billion yen share buyback and cancelling approximately 23.1% of its outstanding treasury shares to enhance capital efficiency.
Of the company's 70 billion yen in non-consolidated cash, 50 billion yen is allocated for five-year development and maintenance, while 20 billion yen is reserved for M&A and shareholder returns.
Governance reforms include increasing the proportion of independent outside directors to 50% of the board.
Operational priorities include restoring the frequency of IP collaboration events and strengthening the collaborative relationship with subsidiary Gravity regarding the Ragnarok IP.