Despite an overall downward trend in the market, Kadokawa Corporation’s stock price has been on a sharp rise on the Tokyo Stock Exchange (source: Gamebiz). This comes after new announcements from developer FromSoftware during April 2’s Nintendo Direct.
Kadokawa saw shares rise by 6.9% compared to the previous trading day to 3,866 JPY. This is the highest the publisher’s stocks have risen since December last year, when it announced a strategic capital and business alliance with Sony.
Kadokawa Corporation owns 70% of FromSoftware, with Tencent and Sony owning the remaining 16% and 14% respectively. Yesterday, FromSoftware announced that it will be releasing The Duskbloods, a brand-new IP, as a Nintendo Switch 2 exclusive, as well as a Tarnished Edition of Elden Ring. Likewise releasing on the Switch 2, the Tarnished Edition will include Elden Ring’s base game, the Shadow of the Erdtree DLC, and additional new content such as weapons, armor and mount customization.
Set to launch simultaneously worldwide in 2026, The Duskbloods is a multiplayer-focused PvPvE title that has already sparked much interest as gamers liken it to a “spiritual sequel to Bloodborne” that they’ve been waiting for all this time. The announcement seems to have affected buyer interest just as much, driving publisher Kadokawa’s shares.
