Oasis Responds to Reports of Another JFTC Warning Against KADOKAWA and Reiterates the Need for Management Change and Shareholder Action at the 2026 AGM (Securities Code: 9468 JT)

Oasis Responds to Reports of Another JFTC Warning Against KADOKAWA and Reiterates the Need for Management Change and Shareholder Action at the 2026 AGM (Securities Code: 9468 JT)

*Media reports indicate that the JFTC intends to issue another recommendation against KADOKAWA, this time for alleged violations of Japan’s Freelance Protection Act, after the Company reportedly failed to clearly state payment terms and delayed payments to more than 100 freelancers

*This follows the JFTC’s November 2024 recommendation against KADOKAWA and its subsidiary for Subcontract Act violations, raising further concerns about the effectiveness of the Company’s oversight and remedial measures

*Oasis has repeatedly warned of governance and accountability weaknesses under CEO Takeshi Natsuno and believes this latest development further underscores the need for management change at KADOKAWA

*Oasis urges shareholders to vote AGAINST CEO Natsuno’s reappointment and FOR Oasis’s proposal to dismiss CEO Natsuno as a director at the 2026 AGM