According to Monday Report Nikkei of Dalton Investments, a US-based investment management company, has leaned SBI Holdings CEO Yoshitaka Kitao as a candidate for the board of directors of Fuji Media Holdings, Japan’s largest media conglomerate.
Activist investors who have large investments in the media giant have previously expressed their dissatisfaction with the company’s governance.
Earlier this year, Fuji Media was a scandal hit announcement A substantial executive restructuring aimed at restoring shareholder trusts.
Chairman Shuji Kano resigned in January along with Fuji TV Head Koichi Minato. The company also reduced the number of directors to just 10. Hisashi Hieda, 87-year-old director of a Japanese media conglomerate; It’s called to stop it In March.
The latest proposal, proposed by activist investor U.S.-based Dalton, is intended to encourage further management changes within the struggling company.
Of course, Kitao is known as a longtime ally of San Francisco-based enterprise blockchain company Ripple. In 2019, the 74-year-old entrepreneur became a member of Ripple’s board of directors, but left the position two years later. One of his latest social media posts highlights Ripple’s use case for RLUSD Stablecoin.
The Fuji Media Conglomerate includes the highly influential Japanese Fuji TV Network, which produces hit drama series, variety shows, anime and more. It also offers digital media and streaming services. Fuji Media should not be confused with Fujifilm, a Japanese company specializing in cameras.
