Takeshi Natsuno
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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 job
Kadokawa 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 Ring
Takeshi 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 boss
Activist 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 meeting
Kadokawa 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.
Kadokawa CEO faces shareholder battle as investors criticise handling of Elden Ring success
Kadokawa CEO Takeshi Natsuno is facing criticism from investors who believe the company failed to fully capitalize on Elden Ring's success. Shareholders suggest Kadokawa should have self-published the game instead of partnering with Bandai Namco Entertainment.
Elden Ring owner faces tense CEO clash as a battle between Kadokawa and activist shareholders rages on
Activist 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.
