NEW YORK — U.S. activist investor Dalton Investments will propose replacing the entire board of Fuji Media Holdings, Nikkei has learned, as the Japanese group tries to recover from sexual assault allegations against a major star.
Dalton, which holds a 5.8% stake, will propose 12 director candidates — including Yoshitaka Kitao, chairman and president of Japanese financial group SBI Holding — in a letter to be sent on Wednesday.
