The official website for the Fragtime anime issued a notice last week that the anime’s production had been unable to contact Tear Studio.
Credit research company Tokyo Shoko Research (TSR) reported on Monday that Next-Batter’s Circle, the official company name for the anime studio Tear Studio, has begun legal proceedings to file for bankruptcy, and plans to formally file for bankruptcy within this month.
The studio most recently worked on the Fragtime anime, which opened in Japanese theaters on November 22.
Tear Studio was founded on March 15, 2013, and operates under the official company name of Next-Batter’s Circle.