| JRPGfan said: I suspect as a stock holder with that size (10%+), you get a man at a table, sitting down with other shareholders, when its time to vote on stuff. |
Nice try.. but false.
It's not about "stock holders" it's about Voting Rights. After the issuance of additional shares (all going to Sony), the voting rights of all shareholders now amounts to 10.11% (and Sony is only third in shareholder value). Hence Sony (at this time) has about 4% voting rights. Whether that is enough to "have a seat at the table" it says nowhere.
It gets even more complicated as the two major shareholders are just trustees (so Sony's 4% is probably more worth compared to the mixed bag constituting the other 6%):
KOREA SECURITIES DEPOSITORY – SAMSUNG and The Master Trust Bank of Japan, Ltd. (Trust Account), although ranked first and second, respectively, in the ranking of shareholders after the Third-Party Allotment, are both trust business operators holding the shares as trust property, and so it has been determined that they do not constitute major shareholders or the largest major shareholder.
So BraLod's assessment of 0 influence is (currently) quite correct as far as Kadokawa as a whole is concerned. As for FromSoftware, Sony holds around 25% now so they do have an influence on strategic decisions I'd guess.
