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Kadokawa (9468) investor relations material
Kadokawa Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary6 Nov, 2025
Executive summary
Net sales for the six months ended September 30, 2025, were ¥133,933 million, down 1.8% year-over-year; operating profit fell 47.8% to ¥5,550 million, and net profit dropped 51.8% to ¥1,491 million.
Q2 net sales decreased 1.9% year-over-year, with operating profit down 29.7% and net profit declining by ¥1,009 million due to lower Animation/Film and Gaming sales, despite recovery from last year's cyberattack impact.
Extraordinary losses from goodwill amortization of ¥2.7 billion further reduced net profit.
Comprehensive income decreased 62.8% year-over-year to ¥2,115 million.
Financial highlights
Q2 net sales: ¥69,088 million (down 1.9% YoY); operating profit: ¥3,232 million (down 29.7% YoY); ordinary profit: ¥4,428 million (up 113.7% YoY); net loss: ¥1,367 million.
Six-month net sales: ¥133,933 million (down 1.8% YoY); operating profit: ¥5,550 million (down 47.8% YoY); ordinary profit: ¥6,778 million (down 30.6% YoY); net profit: ¥1,491 million (down 51.8% YoY).
EBITDA for six months: ¥9,976 million (down 30.3% YoY).
Earnings per share were ¥10.17, compared to ¥23.03 in the prior year period.
Total assets decreased to ¥384,539 million, and net assets to ¥276,410 million as of September 30, 2025.
Outlook and guidance
Full-year net sales forecast revised to ¥278,200 million (up 0.1% YoY), operating profit to ¥10,300 million (down 38.1%), and net profit to ¥4,900 million (down 33.7%).
Publication/IP Creation and Animation/Film forecasts lowered due to downsizing of titles and delayed releases; Gaming forecast raised on strong ELDEN RING NIGHTREIGN performance.
Forecasts were revised downward due to lower-than-expected results in key segments and extraordinary losses.
What drove Animation/Film goodwill impairment?
How to reverse Publication/IP profit decline?
Impact of significant cash outflow on strategy?
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Q3 20265 Feb, 2026
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Frequently asked questions
Kadokawa Corporation is a Japan-based company engaged in the planning, production, and distribution of content across various media platforms. The company operates through multiple segments, including publishing, film and video, digital services, and education. Kadokawa produces books, magazines, manga, anime, movies, and games, and also manages digital platforms for e-books and video streaming. The company collaborates with creators and distribution partners both domestically and internationally. Kadokawa Corporation is headquartered in Tokyo, Japan, and its shares are listed on the TSE.
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