Kadokawa Confirms Interest From Sony in Official Statement

Following reports about acquisition talks with Sony Group, Kadokawa has released an official statement to confirm receiving an ‘initial expression of interest.’ However, they also confirm that no decisions have been made. Kadokawa President and CEO, Tsuyoshi Natsuno, said in the statement:

“Some media outlets have reported on the acquisition of our company by Sony Group Corporation. However, this is not an announcement made by our company.

While we have received an initial expression of interest regarding the acquisition of our shares, no decisions have been made at this time.

Should any facts arise that require disclosure, we will announce them promptly.”

Sony Group holds approximately 2% of Kadokawa shares as of March 2024, and Kadokawa’s stock has seen a significant increase following yesterday’s reports. According to Nikkei, its stock price rose to 4,445 yen, up 700 yen (18.69%) from the previous day, reaching the upper limit of the price range (stop-high level). This marks a new record high since its listing.

Source: KADOKAWA Statement