On April 23, 2025, Fuji Media Holdings, Inc announced that Nippon Active Value Fund submitted a shareholder proposal regarding the appointment of directors for the Company on April 16, 2025. However, it was noted that one of the candidates for director listed in the shareholder proposal appeared to not hold Japanese nationality. Consequently, the company pointed out that if a person without Japanese nationality were appointed as a director, the certification of the company as a certified broadcasting holding company would, in principle, be revoked under the Broadcasting Act.
Subsequently, on April 22, 2025, the Nippon Active indicated its desire to replace one candidate for director with another individual. The opinion of the Board of Directors regarding the shareholder proposal will be announced promptly after thorough consideration and decision-making.
