Key Facts
• Fuji TV’s parent company announced a de facto takeover defense strategy.
• Former Murakami Fund holds 16.32% of Fuji Media Holdings’ shares as of July 3, 2025.
• The fund indicated plans to increase its stake to 33.3% during a meeting.
• Defense strategy includes issuing free stock options to other shareholders if the fund acquires over 20% of shares.
• The measure aims to dilute the fund’s ownership percentage.
Summary
Fuji TV’s parent company has implemented a de facto takeover defense strategy in response to the former Murakami Fund’s growing stake in Fuji Media Holdings. As of July 3, 2025, the fund, associated with activist investor Yoshiaki Murakami and his daughter Aya Nomura, holds 16.32% of the company’s shares. The fund has expressed intentions to increase its stake to 33.3%. To counter this, Fuji Media Holdings plans to issue free stock options to other shareholders if the fund’s ownership exceeds 20%, effectively diluting its stake. This move underscores the company’s efforts to maintain control and prevent a potential takeover.
