Fuji Media questions Nomura's large share acquisition, seeks clarity

Fuji Media Holdings Inc. has issued an "Information List" to Aya Nomura, requesting extensive details concerning her large-scale acquisition of the company's shares. This follows a previous announcement on December 15, 2025, regarding the receipt of Nomura's "Statement of Intent for Acquisition Activities." The information request, comprising nine sections, seeks clarity on Nomura's investment objectives, financial backing, and potential impact on Fuji Media's corporate value and shareholders.

The Information List includes inquiries about Nomura's background, past investment activities, funding sources, and any dealings with third parties, including Dalton Investments. Fuji Media also questions the perceived "structural coerciveness" of the acquisition given Nomura's intent to increase voting rights to 33.3%, which could grant her effective veto power over special resolutions.

In a related development, Fuji Media's board of directors resolved to set January 18, 2026, as the record date for an Extraordinary General Meeting of Shareholders. This meeting, to be held within three months of the record date, aims to gauge shareholder sentiment on the large-scale acquisition and potential countermeasures. This action aligns with Fuji Media's fundamental policy on corporate control, introduced on July 10, 2025, to address concerns about significant share acquisitions.