I don't think people quite grasp how big and terrible this news is. Kadokawa is the entertainment company. You have a favorite anime? It's probably kadokawa's or at least related to them some how. You like Japanese jank games? Chunsoft belongs to kadokawa. RPG Maker classics? RPG Maker belongs to kadokawa. Novels? They are a big publisher in addition to owning bookwalker. Not to mention the random shit they have like niconico. Did i mention tourism? Because they have a lot of that too.
This could genuinely be catastrophic for Japanese culture (and that means otaku culture too, weebs)
Absolutely, but Japan doesn't exactly have a good view of business and it's place in society.