Kadokawa CEO Survives Shareholder Revolt as MtG Arena Devs Win Union Vote
The gaming industry was rocked by two major corporate labor and leadership stories on Wednesday, June 24, 2026. In Japan, Kadokawa — the parent company of FromSoftware, the studio behind Elden Ring — weathered a dramatic boardroom clash as CEO Takahashi Natsuno successfully retained his position following a high-stakes challenge from activist hedge fund Oasis Management. The investor group had been pressuring Kadokawa over alleged "profit leakage," arguing that the company was failing to maximize returns from its enormously successful gaming properties, including the globally beloved Elden Ring franchise. While Natsuno survived the vote, analysts and observers warn the pressure from activist shareholders is far from over, with Oasis expected to continue pushing for structural and leadership changes at the company.