Corporate Events

On October 15, 2026, GungHo Online Entertainment, Inc. announced that it received a written letter dated October 14, 2026, from its shareholders, INTERTRUST TRUSTEES (CAYMAN) LIMITED SOLELY IN ITS CAPACITY AS TRUSTEE OF JAPAN-UP and Strategic Capital, Inc., requesting to convene an extraordinary general meeting of shareholders. The agenda item for the meeting is the acquisition of treasury shares from specific shareholders. The Company will review the content of the request and announce its response policy as soon as it is determined.

Sony Group Corporation (TSE:6758) entered into a share transfer agreement to acquire 22.93% stake in GungHo Online Entertainment, Inc. (TSE:3765) from Son Investment LLC for ¥28.6 billion on August 28, 2026. A cash consideration valued at ¥2385 per share will be paid by Sony Group Corporation. Post transaction, SON Financial LLC will no longer qualify as a major shareholder, the principal major shareholder, or any other affiliated company of GungHo Online Entertainment, Inc. ("the Company"). In addition, Belleisle Japan Co., Ltd., which indirectly holds shares of the Company through SON Financial LLC, will also no longer qualify as an other affiliated company of the Company. The implementation of the Share Transfer and the Capital and Business Alliance is subject to conditions including: filing a notification with the Japan Fair Trade Commission pursuant to Article 10, Paragraph 2 of the Act on Prohibition of Private Monopoly and Maintenance of Fair Trade with respect to the execution of the Share Transfer; the expiration of the waiting period from the date on which such notification is accepted; and receipt of a notice from the Japan Fair Trade Commission to the effect that no cease-and-desist order will be issued. The expected completion of the transaction is December 30, 2026.

GungHo Online Entertainment, Inc., Board Meeting, Aug 28, 2026. Agenda: To consider regarding Capital and Business Alliance with Sony Music Entertainment (Japan) Inc., Secondary Offering of Shares, Changes in Major Shareholders, the Principal Major Shareholder, and Other Affiliated Companies, and Accumulation of Shares Specified by Cabinet Order as an Act Equivalent to a Tender Offer for the Company's Shares.

GungHo Online Entertainment, Inc. reported earnings results for the half year ended June 30, 2026. For the half year, the company reported sales was JPY 51,759 million compared to JPY 50,588 million a year ago. Net income was JPY 3,460 million compared to JPY 2,464 million a year ago. Basic earnings per share from continuing operations was JPY 64.96 compared to JPY 44.95 a year ago. Diluted earnings per share from continuing operations was JPY 64.27 compared to JPY 44.43 a year ago.

GungHo Online Entertainment, Inc., Board Meeting, Aug 07, 2026. Agenda: To consider interim dividend paid for the second quarter, the year-end dividend for the current year remains undecided.

GungHo Online Entertainment, Inc., Q2 2026 Earnings Call, Aug 07, 2026

GungHo Online Entertainment, Inc. announced that they will report Q2, 2026 results on Aug 07, 2026

On April 2, 2026, GungHo Online Entertainment, Inc announced that it held its annual general meeting of shareholders on March 30, 2026, and declared voting results. Accordingly, the following shareholder proposals were rejected by the company shareholders:Proposal 4: Acquisition of Treasury Shares from Specific Shareholders,Proposal 5: Disposal of Surplus

The company closed its plan on April 30, 2026.

From April 1, 2026 to April 30, 2026, the company has repurchased 769,800 shares, representing 1.45% for ¥1,936.87 million. With this, the company has completed the repurchase of 1,981,500 shares, representing 3.68% for ¥4,999.85 million under the buyback announced on February 13, 2026.

GungHo Online Entertainment, Inc. reported earnings results for the first quarter ended March 31, 2026. For the first quarter, the company reported sales was JPY 26,594 million compared to JPY 23,775 million a year ago. Net income was JPY 1,700 million compared to JPY 1,609 million a year ago. Basic earnings per share from continuing operations was JPY 31.47 compared to JPY 28.92 a year ago. Diluted earnings per share from continuing operations was JPY 31.14 compared to JPY 28.57 a year ago.

GungHo Online Entertainment, Inc. expected to report Q2 2026 results on August 7, 2026. This event was calculated by S&P Global (Created on May 8, 2026).

GungHo Online Entertainment, Inc., Q1 2026 Earnings Call, May 08, 2026

GungHo Online Entertainment, Inc. announced that they will report Q1, 2026 results on May 08, 2026

GungHo Online Entertainment, Inc. announced dividend for the Fiscal Year Ended December 31, 2025, Payable on March 31, 2026. For the year, the company announced dividend of JPY 90.00 per share compared to JPY 60.00 per share. Date of record: December 31, 2025. Total Dividends: JPY 4,890 million. Source of dividend: Retained earnings. Reason: Reason: The Company recognizes that one of its important management challenges is to achieve profits on an ongoing basis and to provide a stable return to shareholders. In determining the specific total amount of returns to shareholders, the Company comprehensively considers the management environment, business performance, financial soundness, and investment for growth, while striving to increase its corporate value over the long term. Its basic policy for returning profits to shareholders is to combine stable dividends in line with profit levels and forecasts with flexible share buybacks. As for a more detailed basic policy, to balance capital efficiency-conscious management with stable and continuous shareholder returns, the company will introduce DOE (Dividend on Equity) with a target of 4%, while keeping the consolidated dividend payout ratio at 50% or higher. Furthermore, share buybacks are positioned as a flexible capital policy aimed at enhancing capital efficiency, taking into account market stock prices and the financial condition, and will be continuously implemented based on decisions at the Board of Directors meetings. The Company has a policy to effectively use internal reserves in order to bolster its financial structure and business platform and pursue operations aggressively towards achieving further growth in the future, among others.

From February 13, 2026 to March 31, 2026, the company has repurchased 1,211,700 shares, representing 2.23% for ¥3,062.99 million. With this, the company has completed the repurchase of 1,211,700 shares, representing 2.23% for ¥3,062.99 million under the buyback announced on February 13, 2026.

GungHo Online Entertainment, Inc., Board Meeting, Mar 30, 2026. Agenda: To pay a dividend from retained earnings for the date of record on December 31, 2025.

GungHo Online Entertainment, Inc.(TSE:3765) dropped from S&P Japan 500

GungHo Online Entertainment, Inc. reported earnings results for the full year ended December 31, 2025. For the full year, the company reported sales was JPY 93,242 million compared to JPY 103,600 million a year ago. Net income was JPY 1,407 million compared to JPY 11,171 million a year ago.

GungHo Online Entertainment, Inc. (TSE:3765) announces a share repurchase program. Under the program, the company will repurchase up to 2,100,000 shares, representing 3.86% of its issued share capital for ¥5,000 million. The purpose of the program is improving shareholder returns through implementing flexible capital policies and improving capital efficiency in response to changes in the business environment. The repurchased shares will be cancelled. The program is valid till June 23, 2026. As of December 31, 2025, the company had 54,342,944 shares issued (excluding treasury stock) and 14,818,472 shares in treasury.

The Board of Directors of GungHo Online Entertainment, Inc. has authorized a buyback plan on February 13, 2026.

On February 13, 2026, GungHo Online Entertainment, Inc., announced its opposition to several shareholder proposals submitted by INTERTRUST TRUSTEES (CAYMAN) LIMITED SOLELY IN ITS CAPACITY AS TRUSTEE OF JAPAN-UP and Strategic Capital, Inc. (collectively referred to as "the Proposing Shareholders (SC)"), as well as from LIM Japan Event Master Fund (referred to as "the Proposing Shareholders (LIM)"). The proposals include: (1) Acquisition of Treasury Shares from Specific Shareholders, which the Board opposes as it contradicts Article 160 of the Companies Act and is deemed ineffective since the Target Shareholders have no intention to transfer their shares; (2) Distribution of Surplus, which is opposed due to its potential to severely impact the company's financial base and long-term growth, as it demands an unsustainable payout ratio; (3) Amendment of the Articles of Incorporation Concerning the Decision-Making Body for the Distribution of Surplus, which the Board believes would hinder flexible decision-making regarding surplus distribution; (4) Amendment of the Articles of Incorporation Concerning the Election of the Chairman of the Board of Directors, which is opposed as the current structure is deemed effective for the company's management; (5) Amendment of the Articles of Incorporation Concerning the Disclosure of Sales by Title, which the Board argues could expose sensitive information and harm competitive standing; (6) Amendment of the Articles of Incorporation Concerning the Establishment of a Third-Party Committee and Publication of Investigation Reports, which is deemed unnecessary as the company has already conducted thorough internal investigations; (7) Amendment of the Articles of Incorporation Concerning the Disclosure of Capital Costs, which the Board believes should be determined based on necessity rather than mandated disclosure; (8) Amendment of the Articles of Incorporation Concerning Individual Disclosure of Director Compensation, which is opposed as the current policy is already transparent and effective; and (9) Acquisition of Treasury Shares, which the Board believes would negatively impact long-term corporate value.

GungHo Online Entertainment, Inc. expected to report Q1 2026 results on May 8, 2026. This event was calculated by S&P Global (Created on February 13, 2026).

GungHo online Entertainment, Inc. announced that retirement of Director (planned date of retirement: March 30, 2026): Director to retire: Norikazu Oba (Director); Keiji Miyakawa (Outside Director); Reason for retirement: Expiry of tenure.

GungHo Online Entertainment, Inc. at its 29th annual general meeting of shareholders to be held on March 30, 2026, the Board of Directors opposes this proposals: Proposal to amend the Articles of Incorporation with respect to the organization for determining dividends from surplus; Proposal to amend the Articles of Incorporation with respect to the appointment of the presiding chair of the Board of Directors; Proposal to amend the Articles of Incorporation with respect to the appointment of the chairman of the Board of Directors; Proposal to amend the Articles of Incorporation with respect to disclosure of sales by title; Proposal to partially amend the Articles of Incorporation (establishment of a third-party committee and publication of the investigation report); Proposal to partially amend the Articles of Incorporation (disclosure of cost of capital); Proposal to partially amend the Articles of Incorporation (individual disclosure of directors' remuneration).

GungHo Online Entertainment, Inc. provided dividend guidance of JPY 90.00 per share for the fiscal year ended December 31, 2025, payable on April 20, 2026 compared to JPY 60.00 per share a year ago. The year-end dividend for the fiscal year ended December 31, 2025 is currently a forecast, and will be confirmed by the resolution of the Board of Directors meeting scheduled to be held on March 30, 2026.

GungHo Online Entertainment, Inc., Annual General Meeting, Mar 30, 2026, at 10:00 Tokyo Standard Time. Location: 3-13-1 Takanawa, Grand Prince Hotel Shin Takanawa "International Convention Center Pamir", Minato-ku Tokyo Japan Agenda: To consider Election of 10 Directors; to consider Revision of the Amount of Performance-Linked Compensation (Monetary Compensation) for Directors; to consider Determination of Remuneration for Granting Performance-Linked Restricted Stock; to consider Proposal for acquisition of treasury shares from specific shareholders; to consider Proposal for the appropriation of surplus; to consider Proposal to amend the Articles of Incorporation with respect to the organization for determining dividends from surplus; to consider Proposal to amend the Articles of Incorporation with respect to the appointment of the presiding chair of the Board of Directors; to consider Proposal to amend the Articles of Incorporation with respect to the appointment of the chairman of the Board of Directors; to consider Proposal to amend the Articles of Incorporation with respect to disclosure of sales by title; and to consider other matters.

GungHo Online Entertainment, Inc., Board Meeting, Feb 13, 2026. Agenda: To consider to partially revise the directors' remuneration system and to introduce a performance-linked restricted stock-based remuneration system, and among the System Revisions, the revision to the performance-linked compensation (monetary remuneration) framework and the introduction of a performance-linked stock-based remuneration system will be submitted for approval at the 29th Ordinary General Meeting of Shareholders scheduled to be held on March 30, 2026; and to consider opposing all of the shareholder proposals.

On January 30, 2026, Strategic Capital, Inc. initiated a shareholder proposal at GungHo Online Entertainment, Inc. (3765) for the upcoming annual shareholder meeting. The proposals include (1) Acquisition of treasury shares from a specific shareholder, opposing the acquisition due to the unfavorable price for other shareholders; (2) Appropriation of surplus, proposing a dividend of JPY 311/share, which the company may resist due to cash management strategies; (3) Amendment concerning the decision-making body for determining dividends from surplus, which may face opposition from the current board structure; (4) Amendment concerning the appointment of the chair of the Board meetings, which could be resisted due to existing governance practices; and (5) Disclose sales by title, which the company may oppose due to concerns over competitive disclosure. The proposals are driven by concerns over GungHo's prolonged underperformance and governance issues, particularly regarding Taizo Son's influence on management decisions.

GungHo Online Entertainment, Inc., 2025 Earnings Call, Feb 13, 2026

GungHo Online Entertainment, Inc. announced that at its board of directors meeting held on January 9, 2025, the company resolved to change its representative as described below with date of change as of February 1, 2026: Kazuya Sakai ("Mr. Sakai"), who will newly assume the position of Representative Director, President, and CEO of the Company, has been working as CFO and Executive General Manager of Finance Accounting Division to create new revenue pillars and establish a global brand, which are key elements of the Company's medium-to long-term management strategy. In addition, he has played a central role in the Company's dialogue with shareholders. Therefore, the Company has determined that he will demonstrate even greater leadership as Representative Director, President, and CEO and contribute further to the Company's sustainable growth and enhancement of corporate value. Mr. Kazumasa Takayama, who is currently Executive Officer, IRO, and Executive General Manager of Corporate Planning Division, is scheduled to assume the post of CFO succeeding Mr. Sakai (as of February 1, 2026).

GungHo Online Entertainment, Inc. announced that its board of directors meeting held on January 9, 2026, Effective February 1, 2026, resolved significant changes in executive positions. Kazuki Morishita, who currently holds the role of Representative Director, President, and CEO, will assume the new position of Chairman of the Board of Directors and Chief Development officer. Kazuya Sakai, who is presently Director, CFO, and Executive General Manager of the Finance Accounting Division, will take on the roles of Representative Director, President, and CEO. Kazuki Morishita ("Mr. Morishita"), the current Representative Director, President, and CEO of the Company, has always taken the lead as President and executive producer and has worked with the Company's staff to create exciting games in order to realize the Company's corporate philosophy of "Deliver joy and wonder." Mr. Morishita has been directing the development of Puzzle & Dragons, which has generated significant sales and profits for the Company since its release in 2012 to present. In response to Mr. Morishita's expression of his intention to resign from his position as President with representative authority and to devote himself more fully to directing and overseeing game development in order to contribute to the realization of the Company's corporate philosophy and the enhancement of the Company's corporate value, the Board of Directors resolved to change the management structure after deliberation by the Nomination and Remuneration Committee. Mr. Morishita will assume the position of Chairman of the Board of Directors and Chief Development Officer without representative authority and, in that capacity, will continue to contribute to the enhancement of the Company's corporate value. Kazuya Sakai ("Mr. Sakai"), who will newly assume the position of Representative Director, President, and CEO of the Company, has been working as CFO and Executive General Manager of Finance Accounting Division to create new revenue pillars and establish a global brand, which are key elements of the Company's medium-to long-term management strategy. In addition, he has played a central role in the Company's dialogue with shareholders. Therefore, the Company has determined that he will demonstrate even greater leadership as Representative Director, President, and CEO and contribute further to the Company's sustainable growth and enhancement of corporate value. Mr. Kazumasa Takayama, who is currently Executive Officer, IRO, and Executive General Manager of Corporate Planning Division, is scheduled to assume the post of CFO succeeding Mr. Sakai (as of February 1, 2026).

GungHo Online Entertainment, Inc. announced that its board of directors meeting held on January 9, 2026, Effective February 1, 2026, there will be significant changes in executive positions. Kazuki Morishita, who currently holds the role of Representative Director, President, and CEO, will assume the new position of Chairman of the Board of Directors. Kazuya Sakai, who is presently Director, CFO, and Executive General Manager of the Finance Accounting Division, will take on the roles of Chief Development Officer as well as Representative Director, President, and CEO. Kazuki Morishita ("Mr. Morishita"), the current Representative Director, President, and CEO of the Company, has always taken the lead as President and executive producer and has worked with the Company's staff to create exciting games in order to realize the Company's corporate philosophy of "Deliver joy and wonder." Mr. Morishita has been directing the development of Puzzle & Dragons, which has generated significant sales and profits for the Company since its release in 2012 to present. In response to Mr. Morishita's expression of his intention to resign from his position as President with representative authority and to devote himself more fully to directing and overseeing game development in order to contribute to the realization of the Company's corporate philosophy and the enhancement of the Company's corporate value, the Board of Directors resolved to change the management structure after deliberation by the Nomination and Remuneration Committee. Mr. Morishita will assume the position of Chairman of the Board of Directors and Chief Development Officer without representative authority and, in that capacity, will continue to contribute to the enhancement of the Company's corporate value. Kazuya Sakai ("Mr. Sakai"), who will newly assume the position of Representative Director, President, and CEO of the Company, has been working as CFO and Executive General Manager of Finance Accounting Division to create new revenue pillars and establish a global brand, which are key elements of the Company's medium-to long-term management strategy. In addition, he has played a central role in the Company's dialogue with shareholders. Therefore, the Company has determined that he will demonstrate even greater leadership as Representative Director, President, and CEO and contribute further to the Company's sustainable growth and enhancement of corporate value. Mr. Kazumasa Takayama, who is currently Executive Officer, IRO, and Executive General Manager of Corporate Planning Division, is scheduled to assume the post of CFO succeeding Mr. Sakai (as of February 1, 2026).

GungHo Online Entertainment, Inc., Board Meeting, Jan 09, 2026. Agenda: To consider and resolve Change in Representative Director.

GungHo Online Entertainment, Inc. announced that they will report fiscal year 2025 results on Feb 13, 2026

GungHo Online Entertainment, Inc., ¥ 60.0, Cash Dividend, Dec-29-2025