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Kadokawa Corporation ( (JP:9468) ) has issued an update.
Kadokawa’s board has formally rejected a shareholder proposal from Oasis Japan Strategic Fund Y Ltd. seeking the dismissal of CEO and director Takeshi Natsuno at the June 24 annual general meeting. The board, following its Nominating Committee’s deliberations, concluded the proposal would not enhance medium- to long-term corporate value or maximize common shareholder interests.
Directors argue that Natsuno’s leadership is central to executing a newly announced mid-term management plan through fiscal 2031, which targets significant growth in sales, operating profit, ROE and EPS. They contend his experience at a volatile IT company is critical for driving structural reforms, advancing the “Global Media Mix with Technology” strategy and managing risks, citing the swift containment of a 2024 ransomware attack as evidence of improved digital infrastructure and governance under his tenure.
The most recent analyst rating on (JP:9468) stock is a Hold with a Yen3200.00 price target. To see the full list of analyst forecasts on Kadokawa Corporation stock, see the JP:9468 Stock Forecast page.
More about Kadokawa Corporation
Kadokawa Corporation is a Japanese media and entertainment group listed on the TSE Prime Market, operating across publishing, animation, games, web services and education. Under its core “Global Media Mix with Technology” strategy, the company develops and expands intellectual property worldwide, with growing overseas sales and a strengthened animation and publication pipeline.
Average Trading Volume: 710,971
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen479.1B
For an in-depth examination of 9468 stock, go to TipRanks’ Overview page.