Kadokawa Corporation’s board has formally opposed a shareholder proposal from Oasis Japan Strategic Fund Y Ltd. to dismiss CEO Takeshi Natsuno ahead of the June 24, 2026, annual meeting.
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The board justifies Natsuno’s leadership by citing his 'Global Media Mix with Technology' strategy, which targets ¥400 billion in sales and a 9.4% ROE for the FY 2026–2031 period.
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Management credits Natsuno’s IT-industry background for the rapid containment and ongoing security upgrades following the company’s 2024 ransomware attack.
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The board refutes allegations of mismanagement by highlighting improved sales per editor and defending recent strategic decisions regarding in-house publishing and goodwill impairments.
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The board’s nominating committee concluded that removing Natsuno would negatively impact the company's medium- to long-term shareholder value.
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The opposition notice covers Kadokawa’s domestic and international media operations performance across the 2020–2025 fiscal years.
Insights
01
Kadokawa Corporation’s board has formally opposed a shareholder proposal from Oasis Japan Strategic Fund Y Ltd. to dismiss CEO Takeshi Natsuno ahead of the June 24, 2026, annual meeting.
02
The board justifies Natsuno’s leadership by citing his 'Global Media Mix with Technology' strategy, which targets ¥400 billion in sales and a 9.4% ROE for the FY 2026–2031 period.
03
Management credits Natsuno’s IT-industry background for the rapid containment and ongoing security upgrades following the company’s 2024 ransomware attack.
04
The board refutes allegations of mismanagement by highlighting improved sales per editor and defending recent strategic decisions regarding in-house publishing and goodwill impairments.
05
The board’s nominating committee concluded that removing Natsuno would negatively impact the company's medium- to long-term shareholder value.
06
The opposition notice covers Kadokawa’s domestic and international media operations performance across the 2020–2025 fiscal years.