Overview

• Fuji TV has announced an independent investigation into sexual misconduct allegations involving Masahiro Nakai, a former SMAP boy band member and current TV host.
• Nakai reached a ¥90 million ($580,000) settlement with a woman over the allegations but denied using violence or involving others in the incident.
• The broadcaster's handling of the case has been criticized by Dalton Investments, a major shareholder, for a lack of transparency and corporate governance failures.
• Shares of Fuji Media Holdings have dropped 10% since the allegations surfaced, a steeper decline compared to its domestic competitors.
• Fuji TV President Koichi Minato apologized publicly and confirmed that the external investigation will examine the actions of company officials, including his own.