Tokyo-based anime production company Production IMS filed for bankruptcy with the Tokyo District Court on September 21, then the court decided to commence bankruptcy proceedings on October 3, Tokyo Shoko Research reported today on October 11.
Production IMS was established by the former AIC producer Yoshiyuki Matsuzaki (Haganai, Date A Live, Oreimo) in February 2013.
As reported back in June, while the demand for production cost and payment to subcontractors increased, the sales remained stagnant and cash flow deteriorated.