Despite having multiple hit anime under their belt, Commin Sense, which is more known to anime fans as Studio Arms, has now declared bankruptcy.
They also worked with their own anime, mostly specializing in the ecchi genre, with Queen’s Blade, Ikki Tousen, and Valkyrie Drive: Mermaid.
They have changed their name from Arms to Common Sense in August 2017, but have still maintaned the name of Studio Arms as a trade name.
Arms has been known to work on adult anime alongside Pink Pineapple, as well as also working on outsourced animation work with Studio Pierrot (Naruto).