Activist shareholders call for support for the dismissal of KADOKAWA CEO Takeshi Natsuno, citing deteriorating performance over five years in office and questioning his stance on 'ELDEN RING' and Nico Nico

KADOKAWA’s top shareholder Oasis Management is urging investors to back a proposal to remove CEO Takeshi Natsuno at the June shareholders’ meeting.

Oasis says key metrics such as EPS, ROE, and operating margin have worsened significantly during Natsuno’s tenure.

The fund also criticizes the company’s publishing/IP strategy, profit allocation from ELDEN RING, and declining competitiveness at Niconico.

KADOKAWA’s board is opposing the proposal, setting up a major shareholder clash over management and growth strategy.