Shareholder Activism
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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.
Kadokawa Should Be Making More Money From Elden Ring, Activist Investor Says as CEO Survives Shareholder Vote
Kadokawa's CEO has survived a shareholder vote amidst pressure from an activist investor who argues the company has not adequately profited from Elden Ring's success. The investor believes Kadokawa could be generating more revenue from the popular game.
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.
