Overview
Information & Communication

KADOKAWA CORPORATION

KADOKAWA Corporation is a leading Japanese media conglomerate operating across publishing/IP creation, anime and live-action video production, game development, web services, and education/EdTech segments. The company publishes books, manga, light novels, magazines, and digital content across a broad range of genres, while also producing anime titles and developing video games through subsidiaries such as FromSoftware and Spike Chunsoft. Its Dwango subsidiary operates the Niconico video community platform and online education services, creating a vertically integrated IP ecosystem from content creation to digital distribution.

Market Cap
¥558B
US$3.55B
EV
¥463B
US$2.94B
Stock¥3,794▼-0.32%
US$1 = ¥157.05 (2026-10-22)
LTM EV/EBITDA
29.1
x
LTM EV/EBIT
61.5
x
LTM PER
NM
LTM PBR
2.4
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-13.2%pt
10012345
Oct 23, 25 – Oct 23, 26StockTOPIX
1Nov 7, 25Continued activist investor concerns
2Mar 19, 26Oasis Management Company Ltd. filed large shareholding report
3Mar 24, 26Oasis Management Company Ltd. changed stake (8.86%→10.0%)
4Mar 26, 26Oasis Management Company Ltd. changed stake (10.0%→11.85%)
5Mar 30, 26Oasis Management Company Ltd. changed stake (11.85%→13.76%)
MC → EV Bridge
558BUS$3.55BMarket Cap2.08BUS$13.2M+ Debt94.6BUS$602M− Cash31.9BUS$203M− Inv. Sec.29.3BUS$187M+ NCI463BUS$2.94BEV
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Performance & Balance
Revenue 5Y (¥B)
221US$1.41B'22/3255US$1.63B'23/3258US$1.64B'24/3278US$1.77B'25/3283US$1.80B'26/3
EBITDA 5Y (¥B)
24.2US$154M'22/331.9US$203M'23/325.2US$160M'24/324.3US$155M'25/316.8US$107M'26/3
Net Income 5Y (¥B)
14.1US$89.6M'22/312.7US$80.7M'23/311.4US$72.5M'24/37.39US$47.1M'25/31.28US$8.14M'26/3
Capital Structure
99%
EquityD/E 0.01xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
158US$1.01B65.3US$416M'22/3200US$1.27B65.3US$416M'23/3135US$857M25.3US$161M'24/3184US$1.17B27.3US$174M'25/3147US$934M12.0US$76.1M'26/3
Shareholders
Top 10 hold 58.5%
1
SONY GROUP CORPORATION
11.01%
2
GOLDMAN SACHS INTERNATIONAL (Standing Proxy: Goldman Sachs Japan Co., Ltd.)
10.97%
3
KOREA SECURITIES DEPOSITORY-SAMSUNG (Standing Proxy: Citibank, N.A., Tokyo Branch)
8.46%
4
The Master Trust Bank of Japan, Ltd. (Trust Account)
8.33%
5
Custody Bank of Japan, Ltd. (Trust Account)
6.38%
6
Nobuo KAWAKAMI
3.06%
7
NTT,Inc.
2.74%
8
CGML PB CLIENT ACCOUNT/COLLATERAL (Standing Proxy: Citibank, N.A., Tokyo Branch)
2.60%
9
UBS AG LONDON A/C IPB SEGREGATED CLIENT ACCOUNT (Standing Proxy: Citibank, N.A., Tokyo Branch)
2.55%
10
BNP PARIBAS LONDON BRANCH FOR PRIME BROKERAGE SEGREGATION ACC FOR THIRD PARTY (Standing Proxy: The Hongkong and Shanghai Banking Corporation Limited, Tokyo Branch)
2.37%
Management
12 officers
Tsuyoshi NATSUNO
Director
Apr 1988 Joined Tokyo Gas Co., Ltd. Jun 2005 Executive Officer, General Manager, Multimedia Services Department, NTT DoCoMo, Inc. (formerly NTT Mobile Communications Network, Inc.) May 2008 Specially Appointed Professor, Graduate School of Media and Governance, Keio University Dec 2008 Director, Dwango Co., Ltd. Sep 2009 Outside Director, GREE, Inc. (currently GREE Holdings, Inc.) (current) Dec 2010 Outside Director, U-NEXT Co., Ltd. (currently U-NEXT HOLDINGS Co., Ltd.) (current) Oct 2014 Director of the Company Jun 2016 Outside Director, Audit and Supervisory Committee Member, trans cosmos inc. (current) Aug 2016 Outside Director, Oracle Corporation Japan (current) Jun 2018 Representative Director, Chairman, Movie Walker Inc. Feb 2019 Representative Director, President, Dwango Co., Ltd. (current) Apr 2020 Specially Appointed Professor, Kindai University; Director, Informatics Research Institute (current) Jun 2021 Representative Director, President of the Company Jun 2022 Director, Chairman, KADOKAWA WORLD ENTERTAINMENT, INC. (current) Jun 2023 Director, Representative Executive Officer, President and Chief Executive Officer of the Company (current) Jun 2025 Director, Movie Walker Inc. (current)
1965-03-17
Naohisa YAMASHITA
Director
Jan 1981 Joined Kadokawa Shoten Co., Ltd. (currently KADOKAWA KEY-PROCESS Co., Ltd.) Jan 2007 Director, Kadokawa Shoten Co., Ltd. Jun 2007 Representative Director, President, Fujimi Shobo Co., Ltd. Apr 2010 Representative Director, President, Kadokawa Gakugei Shuppan Co., Ltd. Jun 2012 Representative Director, Senior Managing Director, Kadokawa Shoten Co., Ltd. Jun 2012 Representative Director, President, Kadokawa Editorial Co., Ltd. (currently Persol Media Switch Co., Ltd.) Jul 2014 Representative Director, President, Kadokawa Booknavi Co., Ltd. Oct 2015 Director, Building Book Center Co., Ltd. Jul 2016 Director, Eigawalker Co., Ltd. (currently Movie Walker Inc.) Jul 2017 Director, Gz Brain Co., Ltd. (currently KADOKAWA Game Linkage Corporation) Jun 2020 Director of the Company Jun 2021 Representative Director of the Company Jun 2023 Director, Representative Executive Officer, Chief Human Resource Officer and Chief Literature & Film Officer of the Company Jun 2024 Director, Kadokawa Daiei Studio Co., Ltd. (current) Jan 2026 Director, Representative Executive Officer, Chief Human Resource Officer, Chief Literature & Film Officer and Chief Manga & Light Novels Officer of the Company (current)
1958-02-09
Shinobu MURAKAWA
Director
Oct 1999 Joined Kadokawa Shoten Co., Ltd. (currently KADOKAWA KEY-PROCESS Co., Ltd.) Oct 2013 Head, Fujimi Shobo BC, ECC Division, KADOKAWA Corporation (currently KADOKAWA KEY-PROCESS Co., Ltd.) Apr 2016 Executive Officer, General Manager, Sales Planning Bureau and General Manager, Publicity Bureau, KADOKAWA Corporation Nov 2018 Representative Director, President, Kadokawa Booknavi Co., Ltd. Nov 2018 Director, Gz Brain Co., Ltd. (currently KADOKAWA Game Linkage Corporation) Nov 2018 Director, Building Book Center Co., Ltd. Jul 2019 Deputy General Manager, Product Marketing Division and Executive Officer of the Company Apr 2022 Representative Director, President, Building Book Center Co., Ltd. (current) Jun 2022 Director, Executive Officer of the Company Jun 2023 Director, Executive Officer, Chief Operating Officer of the Company (current) Jun 2023 Director, Kadokawa Media House Corporation (current) Oct 2023 Outside Director, Rakuten Books Network Co., Ltd. (current) Jul 2024 Director, KADOKAWA WORLD ENTERTAINMENT, INC.
1964-10-14
Noriko KASE
Director
Apr 1985 Joined ASCII Corporation Apr 2006 General Manager, Corporate Sales Department, ASCII Corporation Apr 2017 General Manager, Editorial Department 7, Ascii Media Works Business Division, KADOKAWA Corporation (currently KADOKAWA KEY-PROCESS Co., Ltd.) Apr 2018 General Manager, ASCII Business Division, KADOKAWA ASCII Research Laboratories Inc. Jun 2018 Director, KADOKAWA ASCII Research Laboratories Inc. Jul 2019 Representative Director, President, KADOKAWA ASCII Research Laboratories Inc. Jun 2020 Director of the Company Jun 2023 Director, KADOKAWA Global Marketing Co., Ltd. Oct 2025 Director, Executive Officer, Chief Compliance Officer of the Company (current)
1961-09-23
Nobuo KAWAKAMI
Director
Apr 1991 Joined Software Japan Co., Ltd. Aug 1997 Representative Director, President, Dwango Co., Ltd. Sep 2000 Representative Director, Chairman, Dwango Co., Ltd. Jun 2006 Outside Director, Avex Group Holdings Inc. (currently avex inc.) Jun 2014 Director, KADOKAWA ASCII Research Laboratories Inc. Oct 2014 Representative Director, Chairman of the Company Jun 2015 Representative Director, President of the Company Jul 2017 Director, Gz Brain Co., Ltd. (currently KADOKAWA Game Linkage Corporation) Dec 2017 Director, Chief Technology Officer, Dwango Co., Ltd. Feb 2019 Advisor, Dwango Co., Ltd. (current) Feb 2019 Director of the Company (current) Jun 2022 Chairman, Kadokawa Culture Promotion Foundation Jun 2025 Director, Kadokawa Culture Promotion Foundation (current)
1968-09-06
Hiroo UURA
Director
Apr 1973 Joined Nippon Telegraph and Telephone Public Corporation (currently NTT, Inc.) Jun 2002 Director, Head of First Division, NTT, Inc. Jun 2005 Director, Head of Fifth Division, NTT, Inc. Jun 2007 Managing Director, Head of Corporate Planning and Deputy Head of Medium-Term Strategy Promotion Office, NTT, Inc. Jun 2008 Representative Director, Executive Vice President, Head of New Business Promotion Office, NTT, Inc. Jun 2012 Representative Director, President, NTT, Inc. Jun 2018 Senior Adviser, NTT, Inc. Jun 2019 Outside Director, Audit and Supervisory Committee Member, Mitsubishi Heavy Industries, Ltd. (current) Jun 2021 Outside Director of the Company (current) Jul 2021 Special Adviser, NTT, Inc. (current)
1949-01-13
Marie GERMAN-RUTH
Director
Dec 1988 Joined Recruit Co., Ltd. Dec 2000 Joined Space Design Inc. Apr 2008 Director, Space Design Inc. Apr 2012 Representative Director, President, German International Inc. (current) Jun 2012 Director, Japan HRM Association (current) Jun 2019 Outside Director, Fujibo Holdings, Inc. (current) Jun 2020 Outside Director of the Company (current) Jun 2023 Director, Japan Women's Learning Foundation (current) Mar 2024 Outside Director, Earth Corporation (current) Apr 2024 Member, NHK International Broadcasting Program Deliberation Council (current)
1966-05-30
Tadaaki SUGIYAMA
Director
Apr 1980 Joined Kao Soap Co., Ltd. (currently Kao Corporation) Mar 2003 General Manager, Legal Department, Legal and Compliance Division, Kao Corporation Jun 2012 Executive Officer, General Manager, Legal and Compliance Division, Kao Corporation Mar 2014 Executive Officer, General Manager, Legal and Compliance Division and in charge of Information Systems Division, Kao Corporation Mar 2014 Director, Kanebo Cosmetics Inc. Mar 2014 Member of the Board, Kao USA Inc. Mar 2014 Supervisory Board Member, Kao Germany GmbH Jun 2023 Outside Director of the Company (current)
1958-03-30
Yutaka SASAMOTO
Director
Apr 1988 Joined Recruit Co., Ltd. Dec 2002 President and Chief Executive Officer, MTV Japan K.K. (currently Paramount Global Japan K.K.) Jan 2007 Executive Officer, Microsoft Japan Co., Ltd. Feb 2009 Senior Managing Executive Officer, Microsoft Japan Co., Ltd. Feb 2014 Representative Director, Twitter Japan K.K. (currently X Corp. Japan K.K.) Jan 2017 Vice President, Client Solutions, Japan and Korea, Twitter, Inc. (currently X Corp.) May 2021 Vice President, Client Solutions, Asia-Pacific and Japan, Twitter, Inc. (currently X Corp.) Jun 2021 Outside Director, Sanrio Company, Ltd. (current) Jun 2023 Outside Director of the Company (current) Feb 2024 Chief Executive Officer, DAZN Japan Investment LLC (current)
1964-09-04
Etsuko OKAJIMA
Director
Apr 1989 Joined Mitsubishi Corporation Jan 2001 Joined McKinsey & Company, Inc. Jul 2005 President and Representative Director, Globis Management Bank Co., Ltd. Jun 2007 President and Representative Director, Pronova Inc. (current) Jun 2014 Outside Director, Astellas Pharma Inc. Jun 2014 Outside Director, Maruigroup Co., Ltd. (current) Nov 2015 Outside Director, Lancers, Inc. Dec 2015 Outside Director, Septeni Holdings Co., Ltd. Mar 2016 Outside Director, Link And Motivation Inc. Jul 2018 Outside Director, Yappli, Inc. Dec 2018 Outside Director, Euglena Co., Ltd. Feb 2019 Outside Director, Money Forward, Inc. Dec 2020 Director, Euglena Co., Ltd. (current) Jun 2024 Outside Director of the Company (current)
1966-05-16
Koichi KUSANO
Director
Apr 1980 Registered as an attorney-at-law Jun 1994 Audit & Supervisory Board Member, Koito Manufacturing Co., Ltd. Nov 1999 Outside Director, Rakuten, Inc. (currently Rakuten Group, Inc.) Jan 2004 Representative Partner, Nishimura & Partners (formerly Nishimura Tokiwa Law Office) Apr 2007 Visiting Professor, Graduate Schools for Law and Politics, The University of Tokyo Apr 2013 Professor, Keio University Law School Sep 2014 Visiting Professor, Harvard Law School Feb 2019 Justice, Supreme Court of Japan Mar 2025 Re-registered as an attorney-at-law Jun 2025 Outside Director of the Company (current) Jun 2025 Representative, Koichi Kusano Law Office (current)
1955-03-22
Koji OKURA
Director
Apr 1980 Joined Mitsubishi Heavy Industries, Ltd. Apr 2009 General Manager, Accounting Department, Mitsubishi Heavy Industries, Ltd. Apr 2011 Investigator, Management Audit Department, Mitsubishi Heavy Industries, Ltd. Jan 2013 Acting Deputy Head, Aerospace Systems Division, Mitsubishi Heavy Industries, Ltd. Oct 2013 Deputy Head, Transportation & Logistics Domain and General Manager, Business Strategy Promotion Office, Mitsubishi Heavy Industries, Ltd. Oct 2015 Executive Officer, Deputy Head, Transportation & Logistics Domain and General Manager, Marine & Offshore Business Division, Mitsubishi Heavy Industries, Ltd. Jan 2018 President, Mitsubishi Shipbuilding Co., Ltd. Jun 2020 Director, Full-time Audit and Supervisory Committee Member, Mitsubishi Heavy Industries, Ltd.
Large Shareholding Reports
Oasis Management Company Ltd.
2026-06-23
13.76%→15.25%
Oasis Management Company Ltd.
2026-05-13
13.76%→13.76%
Nomura Asset Management Co., Ltd.
2026-04-07
2.34%→2.33%
Amova Asset Management Co., Ltd.
2026-04-06
5.65%→5.49%
Oasis Management Company Ltd.
2026-03-30
11.85%→13.76%
Oasis Management Company Ltd.
2026-03-26
10.00%→11.85%
Oasis Management Company Ltd.
2026-03-24
8.86%→10.00%
Oasis Management Company Ltd.
2026-03-19
8.86%
Nomura Asset Management Co., Ltd.
2026-03-05
2.70%→2.34%
Amova Asset Management Co., Ltd.
2026-03-05
4.47%→5.65%
Nomura Asset Management Co., Ltd.
2026-02-05
2.70%
Kakao Investment CO., LTD.
2025-11-13
8.87%→8.44%
Amova Asset Management Co., Ltd.
2025-09-19
4.31%→4.47%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-13
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-23
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-06-23
Large Shareholding Report
TDnet
2026-06-01
株主総会招集通知
EDINET
2026-05-13
Large Shareholding Report
EDINET
2026-04-07
Large Shareholding Report
EDINET
2026-04-06
Large Shareholding Report
EDINET
2026-03-30
Large Shareholding Report
EDINET
2026-03-26
Large Shareholding Report
EDINET
2026-03-24
Large Shareholding Report
EDINET
2026-03-19
Large Shareholding Report
EDINET
2026-03-05
Large Shareholding Report
EDINET
2026-03-05
Large Shareholding Report
TDnet
2026-02-12
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2026-02-05
Large Shareholding Report
EDINET
2026-01-29
Securities Registration Statement
EDINET
2025-11-13
Large Shareholding Report
EDINET
2025-11-13
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2025-09-19
Large Shareholding Report
TDnet
2025-08-07
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-25
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-06
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-12-19
Securities Registration Statement
EDINET
2024-11-13
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-14
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-07-31
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-13
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-13
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-23
Annual Securities Report
Period: Apr 2022 – Mar 2023
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