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Kadokawa Corporation
(9468)
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Rating:54Neutral
Price Target:
¥3,591.00
▼(-2.55% Downside)
Action:Reiterated
Date:08/17/26
The score is held back primarily by weakened profitability (TTM net loss and margin compression) and deteriorated cash generation, despite a very conservative, low-leverage balance sheet that supports financial stability. Technical indicators are broadly neutral, while valuation is penalized by negative earnings and only a modest dividend yield.
Positive Factors
Conservative Balance Sheet
Very low leverage and a substantial equity base give Kadokawa room to fund content, absorb weaker releases, and pursue growth without heavy creditor pressure. This resilience can protect the media portfolio through volatile title cycles.
Negative Factors
Profitability Deterioration
The shift from prior profitability to a TTM net loss, alongside compressed operating margins, weakens internal funding capacity and reduces returns on equity. Recovery depends on restoring cost discipline and improving monetization of new and existing content.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
Very low leverage and a substantial equity base give Kadokawa room to fund content, absorb weaker releases, and pursue growth without heavy creditor pressure. This resilience can protect the media portfolio through volatile title cycles.
Read all positive factors
Kadokawa Corporation (9468) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥503.18B
Dividend Yield0.82%
Average Volume (3M)553.58K
Price to Earnings (P/E)―
Beta (1Y)-0.31
Revenue Growth3.40%
EPS Growth-185.38%
CountryJP
Employees7,332
SectorGeneral
Sector StrengthN/A
IndustryPublishing
Share Statistics
EPS (TTM)-41.65
Shares Outstanding148,990,300
10 Day Avg. Volume524,610
30 Day Avg. Volume553,583
Financial Highlights & Ratios
PEG Ratio-5.21
Price to Book (P/B)2.25
Price to Sales (P/S)1.97
P/FCF Ratio809.11
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)43.99
Revenue Forecast (FY)¥300.04B
Kadokawa Corporation Business Overview & Revenue Model
Company Description
Kadokawa Corporation is a prominent Japanese media and entertainment conglomerate. Its diverse operations encompass publishing, film production, intellectual property management, and digital content creation. The company further extends its reach ...
How the Company Makes Money
Kadokawa makes money by monetizing intellectual property (IP) across multiple formats and channels. Key revenue streams include: (1) Publishing: sales of print and digital books, manga, light novels, and magazines through bookstores, online retail...
Kadokawa Corporation Financial Statement Overview
Summary
Income Statement
52
Neutral
Balance Sheet
86
Very Positive
Cash Flow
40
Negative
| Breakdown | TTM | Mar 2026 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 286.32B | 282.91B | 277.92B | 258.11B | 255.43B | 221.21B |
| Gross Profit | 95.92B | 96.75B | 99.08B | 86.61B | 90.86B | 75.59B |
| EBITDA | 23.29B | 22.20B | 25.53B | 26.68B | 27.60B | 25.66B |
| Net Income | -6.12B | 1.28B | 7.39B | 11.38B | 12.68B | 14.08B |
Balance Sheet | ||||||
| Total Assets | 376.04B | 394.86B | 410.03B | 340.31B | 382.90B | 325.32B |
| Cash, Cash Equivalents and Short-Term Investments | 94.59B | 116.83B | 146.30B | 105.35B | 167.22B | 123.93B |
| Total Debt | 1.05B | 10.93B | 27.28B | 25.83B | 65.89B | 65.70B |
| Total Liabilities | 107.67B | 118.11B | 132.62B | 127.74B | 159.72B | 149.58B |
| Stockholders Equity | 239.03B | 248.04B | 252.22B | 190.59B | 202.55B | 171.90B |
Cash Flow | ||||||
| Free Cash Flow | 257.00M | 689.00M | 7.20B | 5.17B | 14.71B | 19.50B |
| Operating Cash Flow | 3.30B | 3.42B | 13.84B | 8.30B | 17.52B | 21.71B |
| Investing Cash Flow | 1.53B | -20.96B | -8.37B | 3.49B | 20.01B | -7.44B |
| Financing Cash Flow | -32.30B | -22.51B | 44.04B | -65.80B | -5.54B | 26.19B |
Kadokawa Corporation Technical Analysis
Positive
3685.00
Price Trends
3548.14
Positive
3493.76
Positive
3335.12
Positive
Market Momentum
29.01
Negative
59.59
Neutral
83.80
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9468, the sentiment is Positive. The current price of 3685 is above the 20-day moving average (MA) of 3555.20, above the 50-day MA of 3548.14, and above the 200-day MA of 3335.12, indicating a bullish trend. The MACD of 29.01 indicates Negative momentum. The RSI at 59.59 is Neutral, neither overbought nor oversold. The STOCH value of 83.80 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9468.
Kadokawa Corporation Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | ¥3.69B | 8.07 | ― | 2.95% | 8.45% | 16.79% | |
72 Outperform | ¥11.71B | 10.19 | ― | 3.82% | 2.17% | -22.98% | |
70 Outperform | ¥9.63B | 7.99 | ― | 1.06% | 10.53% | 1379.90% | |
64 Neutral | ¥19.80B | 17.24 | ― | 2.01% | 6.60% | -41.82% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ¥503.18B | -88.84 | ― | 0.86% | 3.40% | -185.38% | |
44 Neutral | ¥2.28B | -39.26 | ― | ― | 10.76% | -290.17% |
* General Sector Average
JP:9468
Kadokawa Corporation
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9.17%
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Kadokawa Corporation Corporate Events
Kadokawa Slashes Full-Year Profit Forecast After Early Retirement Loss
Aug 13, 2026
Kadokawa Corporation has revised its full-year consolidated earnings forecast for the fiscal year ending March 31, 2027, keeping net sales, operating profit, ordinary profit, and EBITDA unchanged while sharply cutting its projection for profit att...
Kadokawa Swings to Quarterly Loss but Lifts Full-Year Profit Outlook
Aug 13, 2026
Kadokawa reported consolidated net sales of ¥68.3 billion for the quarter ended June 30, 2026, up 5.3% year on year, but operating profit fell 45.5% to ¥1.3 billion and it swung to a net loss attributable to owners of the parent of ¥...
Kadokawa Books ¥5.4 Billion Extraordinary Loss on Special Early Retirement Program
Jul 2, 2026
Kadokawa Corporation has concluded a special early retirement program targeting employees aged 45 and over with at least five years of service, resulting in 154 applicants who will retire effective July 31, 2026 under enhanced retirement and job-p...
Kadokawa revamps board and executive lineup to strengthen governance and operations
Jun 24, 2026
Kadokawa Corporation has overhauled its governance and executive structure following shareholder approval at its 12th Annual General Meeting, appointing a renewed board that includes multiple independent directors and a new independent member, Koj...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.