KADOKAWA (also known as Kadokawa, 9468) sees the acquisition turmoil by Sony Group Corp<6758.T>settling down, and transitioning into a phase where the stock price gradually reflects its inherent corporate value.
The large-scale entertainment reorganization led by Sony Group that emerged towards the end of last year settled into a rather anticlimactic outcome of about 10% investment in Kadokawa. With no plans for additional acquisition, the stock price of Kadokawa, which at one time formed a record high of 4,552 yen due to acquisition speculation, was sold down to 3,028 yen by the end of the year. The closing price on the 8th was...
Login or create a forever free account to read this news
Sign up/Log in
