{"id":777018663,"date":"2024-09-02T10:12:32","date_gmt":"2024-09-02T13:12:32","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777018663"},"modified":"2026-04-22T06:34:27","modified_gmt":"2026-04-22T09:34:27","slug":"jun-fujimoto-steps-down-as-director-of-universal-entertainment","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/jun-fujimoto-steps-down-as-director-of-universal-entertainment","title":{"rendered":"Jun Fujimoto steps down as director of Universal Entertainment"},"content":{"rendered":"\n<p>Fujimoto had already resigned as president of the company.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Japan.- <strong>Universal Entertainment <\/strong>has announced that Jun Fujimoto has stepped down as director, effective from August 30. The move comes ahead of a scheduled September 19 meeting to remove him from the position.<\/p>\n\n\n\n<p>Fujimoto had previously <a href=\"https:\/\/focusgn.com\/asia-pacific\/jun-fujimoto-resigns-as-universal-entertainment-president\" target=\"_blank\" rel=\"noreferrer noopener\">resigned from the position of representative director and president<\/a> of Universal Entertainment following a ruling by the Tokyo High Court regarding a shareholder lawsuit dating back to August 26, 2019. The court found Fujimoto guilty of causing the company to transfer nearly US$43.5m without adequate justification and without adhering to internal decision-making protocols.<\/p>\n\n\n\n<p>At the September 19 meeting, the company will discuss the election of <a href=\"https:\/\/focusgn.com\/asia-pacific\/universal-entertainment-proposes-tomohiro-okada-as-new-director\" target=\"_blank\" rel=\"noreferrer noopener\">Tomohiro Okada<\/a>, the son of founder and former chairman<strong>\u00a0Kazuo Okada<\/strong>, as director. Okada currently serves as the director of  parent company Okada Holdings.<\/p>\n\n\n\n<p><strong>See also: <\/strong><a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/universal-entertainment-net-sales-down-20-7-in-q2\" rel=\"noreferrer noopener\">Universal Entertainment net sales down 20.7% in Q2<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fujimoto had already resigned as president of the company.<\/p>\n","protected":false},"author":176,"featured_media":18988,"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 a director of Universal Entertainment, effective August 30, following a Tokyo High Court ruling that found him guilty of unauthorized transfer of US$43.5m without proper internal protocols. The company is scheduled to discuss the election of Tomohiro Okada, son of founder Kazuo Okada, as a director on September 19.","focusai_entities":"Universal Entertainment, Jun Fujimoto, Tomohiro Okada, Kazuo Okada, Okada Holdings, Tokyo High Court","focusai_location":"Japan, Tokyo","focusai_target_profile":"ceo_executive (0.9), regulator (0.9), compliance_legal (0.9), operator_casino (0.7), payments_fraud_aml (0.7), investor_analyst (0.9), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Governance Impact Analysis","query":"What are the long-term implications of this corporate governance failure and executive transition on Universal Entertainment's market position and regulatory standing?"},{"label":"Financial Control Review","query":"How will Universal Entertainment address the internal control deficiencies that permitted the unauthorized US$43.5m transfer, and what measures are being implemented to prevent future occurrences?"}],"footnotes":""},"categories":[157,16338],"tags":[23749],"class_list":["post-777018663","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-universal-entertainment-corporation"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777018663","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=777018663"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777018663\/revisions"}],"predecessor-version":[{"id":777018692,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777018663\/revisions\/777018692"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/18988"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777018663"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777018663"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777018663"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}