Latest news with #FujiMedia
10-07-2025
- Business
Fuji Media Adopts Policies to Counter Massive Share Purchases
News from Japan Jul 10, 2025 17:48 (JST) Tokyo, July 10 (Jiji Press)--Japan's Fuji Media Holdings Inc. said Thursday that it has adopted policies to respond to unsolicited large-scale purchases of its shares. The policies, effectively for defense against takeover attempts, were decided at a meeting of the board of directors, following an increase in Fuji Media shares held by Aya Nomura, the first daughter of activist investor Yoshiaki Murakami, and investment funds related to them. The group including Nomura has raised their stakes in the media business to 16.32 pct, according to a report filed with the government's Kanto Local Finance Bureau on Thursday. Fuji Media held talks with Nomura and Murakami repeatedly since February, the company said, adding that the two suggested that they may increase their shareholdings to 33.3 pct and that Murakami is working to take control of a subsidiary after it is separated from the parent company. Fuji Media said a "real and imminent risk" has emerged that its corporate value and shareholders' interests will be impaired. [Copyright The Jiji Press, Ltd.] Jiji Press
Japan Times
10-07-2025
- Business
- Japan Times
Fuji Media shares dip after company floats poison pill defense
Fuji Media Holdings shares fell 4.2% after the broadcaster said it's considering measures to stop one of Japan's most prominent activist investors from gaining control of the firm. Since February, the Japanese entertainment and news conglomerate held several meetings with activist investor Yoshiaki Murakami and his daughter Aya Nomura, according to a company statement Thursday. Entities associated with the two have floated the possibility of increasing their combined stake to 33.3%, it said. Such affiliates together held 15.06% as of July 1. Fuji Media said it will consider issuing free stock acquisition rights if an investor buys up 20% or more of its voting shares. The strategy, often referred to as a poison pill, would allow all shareholders to exercise the right to buy more shares, thereby potentially diluting the ownership of large shareholders. Fuji Media denied that this was a poison pill. This week, Reno, a company affiliated with the Murakami Fund, further demanded the Tokyo company consider spinning off a subsidiary that Murakami would take control of, Fuji Media said. The activist group may act to maximize its own interests, rather than the interests of all shareholders, should it gain sway over the broadcaster's management, Fuji Media said. "This does not leave a good first impression,' said Naoki Fujiwara, senior fund manager at Shinkin Asset Management. The stock price decline reflects fears that the activists' influence may be diluted, he said, adding that Fuji Media's move was effectively a poison pill that may be used by management to protect itself. Fuji Media — an entertainment giant that spans TV and satellite broadcasters as well as games and music — has been struggling to recover from a sex assault scandal that's pummeled its reputation and cost it sponsors and viewers. It's been in a standoff against activist investors including Dalton Investments, which had called for more accountability as well as a spinoff of its real estate operations.
Bloomberg
10-07-2025
- Business
- Bloomberg
Fuji Media Shares Dip After Company Floats Poison Pill Defense
By and Gareth Allan Save Fuji Media Holdings Inc. shares fell 4.2% after the broadcaster said it's considering measures to stop one of Japan's most prominent activist investors from gaining control of the firm. Since February, the Japanese entertainment and news conglomerate held several meetings with activist investor Yoshiaki Murakami and his daughter Aya Nomura, according to a company statement Thursday.
25-06-2025
- Business
Fuji Media Shareholders OK Management's Board Nominees
News from Japan Jun 25, 2025 16:23 (JST) Tokyo, June 25 (Jiji Press)--Fuji Media Holdings Inc. shareholders approved all 11 director candidates proposed by its management at a general shareholders meeting on Wednesday. Meanwhile, all 12 board candidates put forward by Dalton Investments, a U.S. activist investor holding a 7.5 pct stake in Fuji Media, were rejected. The Japanese media group is poised to push ahead with reforms under its new leadership after a sexual assault scandal involving former television star Masahiro Nakai exposed governance issues within the group. Fuji Media's new 11-member board includes incoming President Kenji Shimizu, the only director to be reappointed, and Takashi Sawada, former president of convenience store chain FamilyMart Co. Dalton lost a proxy battle for its candidates, including SBI Holdings Inc. Chairman and President Yoshitaka Kitao. [Copyright The Jiji Press, Ltd.] Jiji Press
NHK
25-06-2025
- Business
- NHK
Fuji Media wins boardroom battle
Japanese broadcasting giant Fuji Media Holdings has held its annual shareholders' meeting. The company was embroiled in a power struggle with a major shareholder but appears to have come out on top, with all 11 of its candidates being named to the board. The company and its subsidiary Fuji Television Network have come under fire since a sexual assault scandal involving former pop star Nakai Masahiro came to light. Fuji Media had proposed a management reshuffle and improvements to corporate governance in response. But US-based shareholder Dalton Investments called for stronger measures. Fuji Media named eleven candidates for the board. They included the president of Fuji TV, Shimizu Kenji, and the former president of the FamilyMart convenience store chain, Sawada Takashi. Dalton said external directors should be appointed and proposed 12 candidates of its own. But none of them were voted onto the board.
