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Statutory disclosure document3765GungHo Online Entertainment,Inc.Information and Communications, Services and Others

Regarding a Shareholder's Demand to Bring Legal Action

The company received from a shareholder a demand letter requesting that it file a damages claim against Morishita Kazuyoshi (森下一喜), the former president and current chairman of the board, on the grounds that he breached his duty to establish an internal control system. The company will investigate and consider whether to file the lawsuit.

Worth reading
48Recurring
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Direction
Neutral
Direction inferred from the company’s description.
Scale
356000000
¥
Wording
Conditional
How definitive the wording is.

Decision and Details

Receipt of a demand letter requesting that an action be filed against a director

Decision29 October 2026 (date of the demand letter) / 30 October 2026 (date received)
Going forwardThe company's audit & supervisory board members will investigate the contents of the demand letter and consider the appropriate response. Once the company decides whether to file an action seeking to pursue liability, it will announce the decision promptly.
Amount¥356 million plus late-payment damages (the amount for which the shareholder is requesting that an action be filed)
Reason

The shareholder claims that, with respect to losses incurred by the company as a result of misconduct by a former employee, the president and representative director at the time breached his duty to establish an internal control system.

Decision and Details
ItemDetails
Matter CoveredReceipt of a demand letter requesting that an action be filed against a director
Decision Date29 October 2026 (date of the demand letter) / 30 October 2026 (date received)
Amount¥356 million plus late-payment damages (the amount for which the shareholder is requesting that an action be filed)
ReasonThe shareholder claims that, with respect to losses incurred by the company as a result of misconduct by a former employee, the president and representative director at the time breached his duty to establish an internal control system.
Related previous disclosures14 August 2025: “Regarding misconduct by a former employee of the company”
Future plansThe company's audit & supervisory board members will investigate the contents of the demand letter and consider the appropriate response. Once the company decides whether to file an action seeking to pursue liability, it will announce the decision promptly.
Items this document does not state (6)
Decision-Making BodyImplementation DatePeriod CoveredQuantity / scaleImpact on Business PerformanceGoverning Rule

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

The shareholder claims that the company suffered losses as a result of misconduct by a former employee and that the president and representative director at the time breached his duty to establish an internal control system.

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Regarding a Shareholder's Demand to Bring Legal Action | GungHo Online Entertainment,Inc. (3765) timely disclosure | Komori