【KADOKAWA】Notice Regarding Medium-Term Management Plan and Shareholder Proposals｜May 2026

Overview of the Medium-Term Management Plan

KADOKAWA announced its medium-term management plan on May 14, 2026, aiming for net sales of 40,000 billion yen, operating profit of 3.8 billion yen, ROE of 9.4%, and EPS of 180 yen by the fiscal year ending March 2027. The plan emphasizes the importance of advancing business restructuring and growth strategies, with a more aggressive rollout of global media mix strategies. Under this plan, announced in November 2023, the company aims for stable growth in its publishing and animation businesses while also positioning its game business for medium-term growth.

Management's View on Shareholder Proposals and Future Policies

In response to the proposal for removal by shareholder Mr. Takeshi Natsuno, the Board of Directors decided to oppose based on a resolution by the Nomination Committee. The reason cited is that under Mr. Natsuno’s leadership, the company has been promoting business restructuring and cybersecurity enhancements, which are deemed to contribute to increasing corporate value. The board especially appreciates the appropriate decision-making regarding cyberattack responses and business reorganization, concluding that removing Mr. Natsuno would be inappropriate for the company's medium- to long-term growth strategy.