In the 1960s, Madame Kawakita also founded the production firm Art Theatre Guild (ATG) that played a pivotal role in the development of Japanese "New Wave" films of Oshima, Terayama and Imamura. In a unique way, Madame Kawakita formed a bridge between Japanese cinema and the West. Since 1983, the Kawakita Memorial Film Institute annually grants the Kawakita Award to directors, film critics and film historians for their outstanding commitment to Japanese cinema. This year, on the occasion of Kashiko Kawakita’s 100th birthday, the Kawakita Memorial Film Institute compiled a package of Japanese film classics titled "A Wreath for Madame Kawakita" that has been touring the world since last May and will now be screened at Arsenal.