Oasis Management Company
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Despite investors moaning that Elden Ring's success hasn't been milked hard enough financially, FromSoftware parent company's CEO has kept his jobKadokawa CEO Takeshi Natsuno has retained his position following an annual shareholder meeting, despite efforts by activist investor group Oasis Management to oust him. Oasis Management, Kadokawa's largest shareholder, argued that the company failed to maximize profits from Elden Ring's success, citing the decision to publish through Bandai Namco instead of self-publishing. While Natsuno's shareholder support decreased, he remains in his role, though Kadokawa has pledged to review its management structure.
FromSoftware parent CEO keeps position following activist investors' disappointment in firm's handling of Elden RingTakeshi Natsuno will remain CEO of Kadokawa Corporation, the parent company of FromSoftware, despite a significant drop in shareholder support. Activist investor group Oasis Management had pushed for his removal, citing concerns over Kadokawa's handling of Elden Ring's success and potential profit leakage. The company has stated it will review its management structure and business plans.
Elden Ring 'profit leakage' has Kadokawa investors looking for a new bossActivist investor Oasis Management, now Kadokawa Corporation's largest shareholder, is calling for the ouster of CEO Takeshi Natsuno due to alleged "profit leakage" from Elden Ring's success. Oasis argues that Kadokawa, through its subsidiary FromSoftware, has failed to capitalize fully on its hit titles by partnering with external publishers like Bandai Namco, instead of self-publishing. The company also faced a data leak and a less-than-ideal strategic alliance with Sony.
FromSoftware parent company CEO survives vote to oust at annual shareholder meetingKadokawa Group CEO Takeshi Natsuno survived a vote to oust him at the company's annual shareholder meeting, despite calls from major shareholder Oasis Management. Oasis argued that Kadokawa failed to capitalize on Elden Ring's success and experienced profit leakage. Natsuno will remain in his position, and a proposal to appoint Koji Okura to the board was approved.
Elden Ring owner faces tense CEO clash as a battle between Kadokawa and activist shareholders rages onActivist investor Oasis Management, now Kadokawa's largest shareholder, is challenging the CEO Takeshi Natsuno's position at the Elden Ring publisher's annual investor meeting. Oasis claims profit leakage occurred due to the publishing arrangement for Elden Ring and points to Kadokawa's declining financial performance and a past data breach as reasons for change.
FromSoftware boss Hidetaka Miyazaki teases unannounced games, says the studio should do what it wants as the investor that told Nintendo to charge "99 cents just to get Mario to jump a little higher" fights its parent companyFromSoftware president Hidetaka Miyazaki stated that the studio is satisfied with its current development environment and wishes to continue making the games it wants to create, amidst an ongoing investor dispute involving its owner, Kadokawa. The investor, Oasis Management Company, is pushing for changes in Kadokawa's leadership and strategy, while Miyazaki emphasized the importance of preserving FromSoftware's creative freedom for producing valuable titles, including both announced games like The Duskbloods and unannounced projects.
FromSoftware owner Kadokawa sees Sony passed as its biggest investor, but the high house of Elden Ring says its "policies are not influenced" by any one shareholder anywayKadokawa Corporation, the parent company of FromSoftware, has acknowledged that Oasis Management has become its largest shareholder, surpassing Sony. Kadokawa stated that its policies are not influenced by any single shareholder and declined to comment on discussions with individual investors.
Investor Who Urged Nintendo To Monetise Mario's Jumps Acquires Shares In KadokawaOasis Management Company has acquired an 8.86% stake in Kadokawa, a Japanese media company that owns stakes in game developers like FromSoftware. The investment firm previously urged Nintendo to explore microtransactions for its games, suggesting potential changes for Kadokawa's subsidiaries.
Move Over Sony? Activist Investor Who Urged Nintendo to Charge 99 Cents Just to Get Mario to Jump Higher Acquires Significant Stake in Parent Company of Elden Ring Dev FromSoftware - IGNActivist investor Oasis Management Company has acquired an 8.86% stake in Kadokawa, the parent company of FromSoftware, which developed Elden Ring. Oasis has a history of influencing companies, including past suggestions to Nintendo regarding mobile game development. Sony also holds a significant stake and strategic partnership with Kadokawa.
Dark Souls and Elden Ring owner gets massive investment with "important proposals" from a company that gave Nintendo some infamous advice: "Just think of paying 99 cents just to get Mario to jump a little higher"Oasis Management Company, a Hong Kong-based hedge fund, has acquired an 8.86% stake in Kadokawa Games, the majority owner of FromSoftware. This investment comes with "important proposal activities" and follows a past infamous business proposal made to Nintendo regarding microtransactions.