Source disclosure: February 13, 2026
GungHo Online Entertainment,Inc. [3765.T]
TOKYO, Feb 13 (Pulse News Wire) – Gungho Online Entertainment,inc. (3765.T) rejected shareholder proposals aimed at enhancing dividend payouts and governance structures during its regular shareholders' meeting scheduled.
The board opposed two proposals from Strategic Capital and LIM Japan Event Master Fund related to dividend distribution and governance reforms, citing potential risks to long-term corporate value growth and existing robust oversight mechanisms. Regarding dividend policies, the company plans to maintain a balanced approach focusing on sustainable capital efficiency. It intends to distribute ¥90 per shareas final dividends for the fiscal year ending December 2025, subject to approval at the upcoming board meeting on March 30, 2026. Additionally, the firm will implement a stock buyback program targeting up to 5 billion shares, equivalent to approximately 3.9% percent of outstanding shares excluding treasury stocks.
In terms of governance, GungHo highlighted its commitment to strengthening independent external director representation. The board confirmed an increase in the proportion of independent directors to 50% percent, up from 40% percent previously. This move underscores the company's dedication to reinforcing internal checks and balances while ensuring leadership continuity through experienced insiders. The board also dismissed several other proposals deemed unnecessary or potentially detrimental to the company’s strategic interests, emphasizing their alignment with established operational frameworks and regulatory standards.
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