Kadokawa Corporation (Japanese: 株式会社KADOKAWA, Hepburn: Kabushiki-gaisha Kadokawa), formerly Kadokawa Dwango Corporation, is a Japanese media conglomerate that was created as a result of the merger of the original Kadokawa Corporation and Dwango Co., Ltd. on October 1, 2014.
|Kabushiki gaisha KADOKAWA|
|Formerly||Kadokawa Dwango Corporation (2014–2019)|
|Founder||Genyoshi Kadokawa (for the Kadokawa Shoten branch)|
|Headquarters||Fujimi, Chiyoda, |
|Revenue||¥209,947 million (2021)|
|¥13,625 million (2021)|
|Total assets||¥269,648 million|
Number of employees
The holding company known today as Kadokawa Corporation was originally founded in 1945 as Kadokawa Shoten, to "revitalize Japanese culture through publishing" in the postwar era. It was merged with Dwango Co., Ltd. to form Kadokawa Dwango on October 1, 2014, and became a subsidiary of Kadokawa Dwango.
In February 2019, Kadokawa Dwango announced that Dwango would stop being their subsidiary to be a direct subsidiary of Kadokawa Corporation in a reorganization of the company. This made Kadokawa Corporation the sole subsidiary of the holding company Kadokawa Dwango.
On July 1, 2019, Kadokawa Dwango was reorganized again; only the publishing business remained in Kadokawa Corporation, and it was renamed Kadokawa Future Publishing, while Kadokawa Dwango itself became the second iteration of Kadokawa Corporation and the holding company of all of the Kadokawa Group companies. The original name Kadokawa Shoten remains as a brand and a division of Kadokawa Future Publishing.
On February 4, 2021, Kadokawa announced that the company had formed a Capital Alliance with Sony and CyberAgent to strengthen the company's creation, development, and acquisition of new IP while also maximizing use of existing IPs. As part of the agreement both Sony and CyberAgent would each receive a 1.93% stake in the company via American investment company of Japanese subsidiary, KKR Japan acquired a 12% stake.
On October 29, 2021, Kadokawa announced that it had formed a capital and business alliance with Tencent, which acquired a 6.86% stake in the conglomerate for ¥30 billion ($264 million). The aim of the alliance is for Kadokawa to expand its global reach using Tencent's platforms. China, where the company has an existing joint venture with Tencent, is a particular target.
In September 2022 chairman Tsuguhiko Kadokawa—son of founder Genyoshi—was arrested as part of a police investigation into bribery. Prosecutors alleged that the Kadokawa chairman authorized a ¥76 million payment(adjusted to ¥69 million under Japan's statute of limitations) to a consulting company with ties to a former executive of the Tokyo Olympics organizing committee in exchange for being selected as an official sponsor of the 2020 Tokyo Olympic and Paralympic Games. Kadokawa has denied the allegations, and his company announced that it would cooperate with the investigation.
Kadokawa was indicted by prosecutors on October 4, 2022. Later that day he announced his intent to resign as the chairman of his company. He continued to deny the allegations and vowed to prove his innocence at trial.
Kadokawa Corporation serves to bring together several affiliated Japanese companies related to Kadokawa Shoten under what is known as the Kadokawa Group. These companies are of three types: publishing, film and visuals, and cross media. The publishers primarily deal with books, bunkobon paperbacks, manga, and visual media magazines; the film and visual companies deal with Japanese feature films and DVD sales of international films and anime; the cross media companies deal with digital content, urban information and television program information magazines, along with information transmission combining paper media, the Internet, and mobile phones. Other aspects of the group are handled by the other business segment which primarily takes care of video games, real estate leasing, and comprises an advertising agency.
Films and visualsEdit