Last week, Oasis Management Company, an international hedge fund management firm based in Hong Kong, increased its stake in Kadokawa. This Japanese entertainment giant is best known as the owner of the studio FromSoftware.
Oasis Management Company previously held 8.86% of the company’s shares and was classified as a “major shareholder” after surpassing the 5% threshold. We now learn that Oasis has once again increased its stake in Kadokawa by purchasing approximately 3 million additional shares (for a total of 17 million).
As a result, it now owns 11.85% of the Japanese firm, surpassing Sony (10.09%) in the process. It’s worth noting that Oasis Management Company is an activist shareholder whose goal is to acquire significant stakes to influence corporate management. Its objective is to increase returns for shareholders.
