According to credit research company Tokyo Shoko Research (TSR), the animation studio is in debt, and has now started consolidating it.
TSR also cited that an inside source from Production IMS told them that the staff are now entering legal proceedings to file for bankruptcy.
The studio is best known for producing several anime, most notable Date A Live II and High School Fleet/Haifuri.
And now, it seems that another studio may be filing for bankrupcy in this tough business.
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