Fuji Media Holdings is facing pressure from major shareholders amid ongoing corporate challenges. Hideto Fujino, president of asset management firm Rheos Capital Works and a significant shareholder, expressed concern that if changes are not made, both Fuji and Japan could face dire consequences. Rheos has invested in Fuji Media Holdings, considering the company's real estate income potential. Meanwhile, James Rosenwald, co-founder and CIO of Dalton Investments, another key shareholder, urged Fuji Media to negotiate a settlement to avoid a proxy fight. Fuji Media's board is reportedly considering incorporating proposals from investment funds ahead of the June shareholders' meeting. Additionally, there have been calls for a competitive process involving an investment bank to maximize shareholder value.