Changes at Universal Entertainment after court ruling

Universal Entertainment has appointed its former managing director Hajime Tokuda as its new representative director and president after the resignation from the role of Jun Fujimoto.

Fujimoto has departed the role after a court ruling – for a case dating back to 2019 – over claims that he had caused the company to transfer US$43.5m outside the company “without reasonable necessity and without following internal decision-making procedures, thereby breaching his fiduciary duty or duty of loyalty as a director of the company.”

The claim was initially rejected by the Tokyo District Court, but on appeal by the plaintiff to the Tokyo High Court, the compensation was allowed.

The statement describes the plaintiff as a “shareholder” in the business, which is the parent company of the Okada Manila casino resort in the Philippines.

The statement also says Fujimoto is now a director at the company.