Kadokawa CEO Natsuno Retains Post After Activist Challenge

Takeshi Natsuno has retained his position as CEO of Kadokawa Corporation following a contentious annual general meeting, despite a significant drop in shareholder support. The challenge was led by activist investor Oasis Management, which had campaigned to oust Natsuno, citing concerns over the company's financial performance and its handling of subsidiary FromSoftware's blockbuster game, Elden Ring.

The vote, concluded on June我们发现多个来源明确提到投票在6月24日结束，且6月25日公布结果，因此事件日期为6月24日。24, saw only 59.68 percent of shareholders support Natsuno's reelection, a sharp decline from the 90 percent approval he received a year ago. Hong Kong-based Oasis Management, which became Kadokawa's largest shareholder earlier this year, had pushed for his removal. The investor group argued that Kadokawa's return on equity had fallen from 9.4 percent in 2022 to 0.5 percent in 2025 and criticized what it termed "profit leakage" from Elden Ring.

A central point of contention was FromSoftware's publishing strategy. Oasis contended that Kadokawa left substantial revenue "on the table" by allowing Bandai Namco to handle overseas publishing for Elden Ring instead of bringing the operation in-house. The group argued...