New reports reveal that shareholders in Kadokawa are demanding the departure of CEO Takeshi Natsuno, believing that the company has failed to adequately capitalize on the massive success of Elden Ring. This pressure comes ahead of the annual shareholders' meeting, where the Oasis Management investment fund is leading a campaign calling for management changes.
According to reports, investors feel that Elden Ring's profits have not reflected as expected on Kadokawa's financial performance, pointing to a significant decline in return on equity over recent years. They also criticized the company for relying on Bandai Namco Entertainment for publishing outside Japan, arguing that this has caused a leak of profits that Kadokawa could have benefited from more.