Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Cryptocurrencies

GungHo shareholders challenge CEO’s high salary amid declining performance

Source Cryptopolitan

GungHo Online Entertainment, a Japanese video game developer, has rejected the shareholders’ demand for a change in stream and policy on executive pay. The proposal by investment firm Strategic Capital cited issues such as CEO pay, financial performance, and transparency.

Strategic Capital, which has a 5.4% stake in Gunho, said GungHo has failed to launch a new game of similar success to Puzzle & Dragons since 2012 and squandered 100 billion yen ($640 million) on new games.

A key concern raised was that CEO Kazuki Morishita’s salary increased from 120 million yen to 340 million yen ($2.2 million) in the last ten years, while the operating profits decreased by 69%. The report also pointed out that Morishita earns nearly the same pay as Nintendo’s CEO despite the tremendous disparity between the two companies’ sizes. Strategic Capital proposed seven changes, the first of which was a remuneration review of GungHo with an emphasis on executives.

GungHo’s response and rationale

In response to all of the proposals by Strategic Capital, the Board of Directors of GungHo voted against them in a unanimous manner. The company justified Morishita’s high compensation package asserting that he has been GungHo’s CEO for more than two decades. They specifically noted that he was responsible for the development of Ragnarok Online as well as the popularity of Puzzle & Dragons for over a decade.

GungHo also dismissed the notion that it cannot create another hit game, saying that the mobile gaming market is very saturated. They added that this makes it nearly impossible for a company to produce a game like Puzzle & Dragons again.

The mobile gaming industry has advanced quite strongly since the time Puzzle & Dragons set a precedent for the gacha mechanics. However, the game was not unique of its kind. Dragon Collection, first launched in 2010 as a card-battle game on the GREE platform, is generally considered the first mobile Japanese game to feature gacha.

On remuneration, GungHo claimed that it complied with rules and regulations by adopting a completely transparent remuneration policy. The company further noted that the inclusions made by shareholders in their demand for extra disclosure were irrelevant.

Despite rejecting the proposals, GungHo has since made changes in its shareholder return policy. It changed the policy regarding dividends and share repurchases to focus on an active return to its shareholders. Also, the company enhanced its remuneration policy by including independent outside directors in the committee responsible for setting executives’ pay. On the same day, GungHo released its financial statements for the fiscal year 2024, in which all the key performance indicators had declined.

Cryptopolitan Academy: Are You Making These Web3 Resume Mistakes? - Find Out Here

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

Gold Price Analysis Today | Forex Gold Analysis | XAU/USD Analysis - November 11, 2026 Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for November 11, 2026. Read on for the details.

Author Mitrade

Nov 11, Wed

Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for November 11, 2026. Read on for the details.

Nvidia slid 7.7% after hours while AMD and Broadcom rose — the AI trade changed hands, it didn't break Nvidia closed Wednesday at 173.73, up 2.87%, then fell as much as 8.1% to 159.44 after reports that its board was preparing for a possible leadership change. The same session, the Philadelphia Semiconductor Index rose 5.7% with all 30 components higher, CoreWeave jumped 24.7% on 168% revenue growth, and Micron added 11.9%. If AI demand were being repriced, AMD and Broadcom would not be bid. This is a governance discount on one name, and 204.54 — the 200-day average — is the level that settles it.

Author Irene Q.

Nov 12, Thu

Nvidia closed Wednesday at 173.73, up 2.87%, then fell as much as 8.1% to 159.44 after reports that its board was preparing for a possible leadership change. The same session, the Philadelphia Semiconductor Index rose 5.7% with all 30 components higher, CoreWeave jumped 24.7% on 168% revenue growth, and Micron added 11.9%. If AI demand were being repriced, AMD and Broadcom would not be bid. This is a governance discount on one name, and 204.54 — the 200-day average — is the level that settles it.

US October PPI Preview: Fed Rate Hike Expectations Rise, PPI May Be Key Variable; How Will US Stocks, Dollar, and Gold Move?On Friday (Nov. 13) Eastern Time, the U.S. will release the October Producer Price Index (PPI). Following the October CPI once again exceeding expectations, the market will look to the PP

Author TradingKey

Nov 12, Thu

On Friday (Nov. 13) Eastern Time, the U.S. will release the October Producer Price Index (PPI). Following the October CPI once again exceeding expectations, the market will look to the PP

Gold hit a one-year low while central banks bought 321 tonnes — the sellers were never the ones you think Spot gold closed at 3,876 on Thursday, down 2.8% and its lowest close in more than a year, with an intraday low near 3,852. The dollar is at a 19-month high of 103.21 and the 10-year yield is at 5.10%, so the price move is easy to explain. What is harder to explain is who sold: central banks bought 321 tonnes in Q3, the PBoC added for a 24th straight month, ETF holdings are near a record 4,256 tonnes, and roughly 95% of the futures selling came from non-reportable and sovereign-type accounts rather than hedge funds. This piece separates the two books that have to balance.

Author Irene Q.

Yesterday 02: 40

Spot gold closed at 3,876 on Thursday, down 2.8% and its lowest close in more than a year, with an intraday low near 3,852. The dollar is at a 19-month high of 103.21 and the 10-year yield is at 5.10%, so the price move is easy to explain. What is harder to explain is who sold: central banks bought 321 tonnes in Q3, the PBoC added for a 24th straight month, ETF holdings are near a record 4,256 tonnes, and roughly 95% of the futures selling came from non-reportable and sovereign-type accounts rather than hedge funds. This piece separates the two books that have to balance.

Brent rose 3.3% and US crude stocks built 4.66 million barrels in the same week Brent January settled at 95.82, up 3.3%, and WTI at 88.74, up 2.55%, after the US signalled it would not pursue a deal with Iran and attacks on Gulf shipping continued. In the same week, EIA data showed US crude inventories rising 4.657 million barrels against expectations of a 1.1 million draw, with gasoline up another 1.799 million. OPEC output also rebounded 1.96 million barrels a day to 27.16 million in October, led by Saudi Arabia at 10.56 million. This piece separates the geopolitical premium from the physical balance and lays out where each side of the trade is anchored.

Author Irene Q.

Yesterday 03: 06

Brent January settled at 95.82, up 3.3%, and WTI at 88.74, up 2.55%, after the US signalled it would not pursue a deal with Iran and attacks on Gulf shipping continued. In the same week, EIA data showed US crude inventories rising 4.657 million barrels against expectations of a 1.1 million draw, with gasoline up another 1.799 million. OPEC output also rebounded 1.96 million barrels a day to 27.16 million in October, led by Saudi Arabia at 10.56 million. This piece separates the geopolitical premium from the physical balance and lays out where each side of the trade is anchored.

Popular Symbols