Takeshi Natsuno, president of Kadokawa and parent company of FromSoftware, survived a shareholder vote to determine his future at the company. The vote took place amid mounting pressure from Hong Kong-based activist investor Oasis Management, which questions how the company is monetizing Elden Ring.
Oasis Management is now Kadokawa's largest shareholder, having increased its stake to 15.25%, and has signaled plans to acquire even more shares. The fund argues that Kadokawa has failed to adequately capitalize on the enormous commercial success of Elden Ring, one of the generation's best-selling games.
Although Natsuno remains in his position for now, the shareholder clash underscores a strategic dispute about how Kadokawa should manage its gaming assets and maximize returns to investors.
