SBI北尾きたお社長しゃちょう “フジテレビ側がわは投資とうしファンドと協議きょうぎを”

Amidst the situation surrounding the next management structure of Fuji Televisions parent company, where a major shareholder investment fund is proposing its own candidates separate from the companys suggested board of director candidates, Yoshitaka Kitao, the president of SBI Holdings, who was nominated by the investment fund, held a press conference on the 17th and expressed the view that Fuji Television should review the candidates in consultation with the investment fund.

Regarding the next management structure of Fuji Televisions parent company, the company announced new director candidates in March. However, on the 16th, major shareholder investment fund Dalton Investments also proposed 12 independent candidates, including Yoshitaka Kitao, President of the comprehensive financial group SBI Holdings.

On the 17th, President Kitao held a press conference in Tokyo, asserting that Fuji Television and its parent company need personnel and organizational reforms, as well as the separation of the real estate business.

Furthermore, Fuji indicated that they should fundamentally review the director candidates presented in March through discussions with the investment fund.

Furthermore, President Kitao stated, If we are to be adversarial, I will also fight thoroughly.

If you intend to oppose sound common sense without any sense of remorse, I am always ready to take you on.

It is not a big deal to buy about 5%, he said, showing a willingness to proceed with acquiring shares depending on Fujis response.

President Kitao said at the press conference, Fuji can recover sufficiently.

The most important thing for that is a change in mindset.

The establishment of values, mission, and vision is the most important, he stated.

Fuji Media Holdings, the parent company of Fuji Television, announced that it received a shareholder proposal regarding the appointment of directors from its major shareholder, the investment fund Dalton Investments, on the 16th.

Regarding the board of directors opinion on this proposal, it is stated that after sincere consideration in the future, it will be announced promptly once a decision is made.

The company decided on a major review of its management structure on March 27, stating, We are sincerely taking into account the investigation report from the third-party committee and the voices of shareholders, and are considering a more appropriate composition of directors to enhance corporate value.