GungHo shareholder demands lawsuit against chairman MORISHITA Kazuki for 356 million yen
The demand letter, dated October 29, 2026, alleges the chairman breached his duty to build an internal control system tied to a former employee's misconduct.
GungHo Online Entertainment said on November 2, 2026 that it had received a shareholder demand letter dated October 29, 2026, requesting that the company file suit against MORISHITA Kazuki, its chairman of the board and chief development officer, according to gamebiz.jp.
The demand seeks 356 million yen plus late payment damages from MORISHITA, who previously served as representative director and president. It alleges that he violated his duty to build an internal control system in connection with misconduct by a former employee.
GungHo said its auditors will investigate the contents of the demand and decide how to respond. The company added that it will promptly announce any decision on whether to file a liability lawsuit against MORISHITA.
Earlier disclosure
On August 14, 2025, GungHo disclosed misconduct by a former employee that included misappropriation of company funds through fictitious business orders. MORISHITA was representative director and president at the time of the alleged misconduct.
GungHo was founded in July 1998 and is listed on the Tokyo Stock Exchange Prime Market under code 3765. For the fiscal year ending December 2025, the company reported revenue of 93.242 billion yen and net income of 1.407 billion yen.
Quick answers
How much does the shareholder demand seek from MORISHITA Kazuki?
The demand requests 356 million yen plus late payment damages.
What happens next with the demand?
GungHo said its auditors will investigate the demand's contents and decide how to respond, and that it will promptly announce any decision on filing a liability lawsuit.