Wacom president allegedly privatized part of the Nishi-Shinjuku office and provided it to his daughter as a dance space; an “activist shareholder” proposes his dismissal

Wacom’s largest shareholder, AVI, has filed a shareholder proposal to remove the president and COO.

AVI says management has blurred the line between company and private interests, citing a dance space in the office and large donations to related groups.

The fund argues these governance failures are hurting corporate value and shareholders should vote on a leadership change.

The proposal could shape Wacom’s future management structure and its efforts to improve governance.