Created as a result of the merger of the original Kadokawa Corporation and Dwango Co., Ltd. on October 1, 2014,[4][5] the company has holdings in entertainment (including anime and video game studios), publishing, and real estate among other assets.

[10] 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).

As part of the agreement, Kadokawa is set to collaborate with Sony on projects involving its IPs, including anime co-productions, live-action adaptations, and widening distribution.

This merger won't affect the activities of the merged companies, such as BookWalker, which will continue with its brand and operations but now managed by Dwango.

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 Summer Olympic and Paralympic Games.

The publishers primarily deal with books, bunkobon paperbacks, manga, and visual media magazines;[24] the film and visual companies deal with Japanese feature films and DVD sales of international films and anime;[25] 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.

[26] 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.