Japan’s Fuji TV Faces Criticism Over Handling Of Allegations Against TV Host Masahiro Nakai

deadline.com:

Japan’s Fuji TV is facing criticism over its handling of alleged sexual misconduct by celebrity TV host and actor Masahiro Nakai, which have sent its parent’s share price tumbling in recent weeks.

A group representing investors associated with U.S.’s Dalton Investments expressed “outrage” in a public letter to the Fuji board published this week over an alleged lack of transparency, following reports that Nakai harassed a woman and that an employee of Fuji Media was involved in the incident.

Dalton and its British affiliate, Rising Sun Management, together own a stake of over 7% in Fuji Media Holdings, which owns Fuji TV.

Dalton is known as an activist investor. “The lack of consistency and, importantly, transparency in both reporting the facts and the subsequent unforgivable shortcomings in your response merit serious condemnation that serves not only to undermine viewer trust, but also leads directly to erode shareholder value,” the letter said.