The document indicates that Elden Ring will likely miss this fiscal year (throughout early 2022), indicating that it might not actually come out until mid-to-late 2022 at the earliest.
So it’s important to build the framework of the story here so you aren’t asking “what does Kadokawa Games have to do with Elden Ring?!
Elden Ring is also extremely ambitious, as Kadokawa calls it “From Software’s biggest title yet in terms of sheer volume.”
Elden Ring is a huge task for both From Software and Kadokawa Games, who is bankrolling the operation: and it might not see the light of day for another year, at least.
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