Kaname Capital Issues Open Letter to Fukuda Denshi Following Chairman’s Resignation
Kaname Capital issued an open letter to Fukuda Denshi in response to the resignation of Chairman Kotaro Fukuda, raising concerns about corporate governance and demanding an independent third-party committee as well as public answers ahead of the AGM.
BOSTON–(BUSINESS WIRE)–Kaname Capital (“we”) today issued an open letter, “Letter of Inquiry to Your Company Following the Resignation of Chairman Fukuda,” addressed to the Board of Directors and the Board of Auditors of Fukuda Denshi Co., Ltd. (Securities Code: 6960; “Fukuda Denshi”). On June 16, 2026, Fukuda Denshi announced that Representative Director and Chairman Kotaro Fukuda would resign with immediate effect. We regard the resignation of Chairman Fukuda — for many years the company’s