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Kaname Capital Discloses Six New Allegations of Misconduct at Fukuda Denshi and Announces Its Opposition to Three Director Candidates, Including Chairman Fukuda, at the Ordinary General Meeting of Shareholders

BOSTON--(BUSINESS WIRE)--Kaname Capital, L.P. ("Kaname") today issued a public letter and a white paper addressed to the Board of Directors and the Board of Corporate Auditors of Fukuda Denshi Co., Ltd. (TSE: 6960, "Fukuda Denshi").

Fukuda Denshi has refused every one of our repeated requests to establish a third-party committee. We have nonetheless uncovered six new allegations of misconduct, and with the abrupt resignation of Mr. Goto — the outside corporate auditor who had taken part in the Company's investigation — the cracks in that investigation are now plain.

So that Fukuda Denshi's Board of Directors may restore its self-cleansing function, we are calling on shareholders to vote against three of the Company's director candidates at the 79th Ordinary General Meeting of Shareholders on June 26: Chairman Fukuda, Director Kazuo Genchi, and outside-director candidate Masashi Fukuda. In parallel, we intend to raise Chairman Fukuda's misconduct with the police, the tax authorities, the stock exchange, and the financial authorities.

Any stakeholder with information relevant to this matter — current or former employees of Fukuda Denshi, business partners, healthcare professionals, or other interested parties — is encouraged to contact us at contact@kanamecapital.com. We welcome anonymous submissions and will protect our sources.

1) Our View on Your June 3 Disclosure and Our Path Forward (June 15, 2026)

https://9b5cc9f0-1871-48d4-9379-a0f7002dcedd.usrfiles.com/ugd/9b5cc9_cd960bac4c724cbbaefa7b66adf944b0.pdf

2) Preparation for the Fukuda Denshi Ordinary General Shareholders’ Meeting ― Shareholders must confront Chairman Fukuda’s misconduct, vote against his enablers and chart a fresh start for Fukuda Denshi (June 15, 2026)

https://9b5cc9f0-1871-48d4-9379-a0f7002dcedd.usrfiles.com/ugd/9b5cc9_50cac16b3d334f2b95c7c26265f1f453.pdf

Contacts

Kaname Capital, L.P.
contact@kanamecapital.com
+1-617-221-3584

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Kaname Capital, L.P.

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Contacts

Kaname Capital, L.P.
contact@kanamecapital.com
+1-617-221-3584

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