{"id":777015092,"date":"2024-04-29T09:38:16","date_gmt":"2024-04-29T12:38:16","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777015092"},"modified":"2026-04-22T10:44:39","modified_gmt":"2026-04-22T13:44:39","slug":"jun-fujimoto-resigns-as-universal-entertainment-president","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/jun-fujimoto-resigns-as-universal-entertainment-president","title":{"rendered":"Jun Fujimoto resigns as Universal Entertainment president"},"content":{"rendered":"\n<p>Jun Fujimoto has stepped down after a high court ruling.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>The Philippines.-\u00a0<strong>Universal Entertainment Corporation\u00a0<\/strong>has reported through a company filing that\u00a0<strong>Jun Fujimoto\u00a0<\/strong>has resigned from the position of representative director and president. The decision follows a ruling by the Tokyo High Court regarding a shareholder lawsuit dating back to August 26, 2019.<\/p>\n\n\n\n<p>The court found Fujimoto guilty of causing the company to transfer nearly US$43.5m outside the company without adequate justification and without adhering to internal decision-making protocols.\u00a0This action was deemed a breach of Fujimoto&#8217;s fiduciary duty or duty of loyalty as a director of the company. The court ruled that Fujimoto is liable for compensation to Universal Entertainment.<\/p>\n\n\n\n<p>Following Fujimoto&#8217;s resignation, an extraordinary meeting of the board appointed\u00a0<strong>Hajime Tokuda<\/strong>\u00a0as the new group president and representative director. <strong>Takako Okada\u00a0<\/strong>was appointed as a representative director.<\/p>\n\n\n\n<p><strong>See also:&nbsp;<\/strong><a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/trlei-posts-gross-gaming-revenue-of-us154m-for-q1\" rel=\"noreferrer noopener\">TRLEI posts gross gaming revenue of US$154m for Q1<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Jun Fujimoto has stepped down after a high court ruling.<\/p>\n","protected":false},"author":176,"featured_media":26856,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Jun Fujimoto has resigned as Representative Director and President of Universal Entertainment Corporation following a Tokyo High Court ruling. The court found him liable for breaching fiduciary duty by transferring US$43.5m without proper justification, mandating compensation to the company. Hajime Tokuda has been appointed as the new group president, with Takako Okada also named a representative director.","focusai_entities":"Jun Fujimoto, Universal Entertainment Corporation, Tokyo High Court, Hajime Tokuda, Takako Okada, TRLEI","focusai_location":"Philippines, Tokyo","focusai_target_profile":"ceo_executive (0.9), regulator (0.8), compliance_legal (0.95), operator_casino (0.7), investor_analyst (0.95), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Impact on Governance","query":"What immediate and long-term implications does this high court ruling have on Universal Entertainment's corporate governance framework and internal control mechanisms?"},{"label":"Financial & M&A Outlook","query":"How might the US$43.5m compensation liability and leadership transition affect Universal Entertainment's capital allocation strategy, financial performance, and potential M&A activities in the iGaming sector?"}],"footnotes":""},"categories":[439,16333],"tags":[23749],"class_list":["post-777015092","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legal-news","category-south-east-asia-news","tag-universal-entertainment-corporation"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777015092","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777015092"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777015092\/revisions"}],"predecessor-version":[{"id":777015113,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777015092\/revisions\/777015113"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/26856"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777015092"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777015092"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777015092"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}