The report states that overall sales for WIT STUDIO declined to 1.235 billion yen (US$11.03 million), down 40.3% from last year, with a recurring loss of 486 million yen (US$4.34 million), and a bottom-line loss of 501 million yen (US$4.47 million).
According to the report, WIT STUDIO had 40.3% decline in revenue over the last fiscal year (June 1, 2020, to May 31, 2021), losing 501 million yen.
The parent company will be working with the administration of WIT STUDIO to try and implement measures to return the studio to profitability and decrease its deficits and excess liabilities.