Tokyo Shoko Research is reporting that anime studio Production IMS has begun the process of consolidating their debt. The consolidation began on June 7 and the studio’s staff will be going into legal proceedings which may include filing for bankruptcy.

The studio has not made an official statement regarding these matters as of yet; however, the company has been undergoing a downsizing and restructuring process that began back in December. A letter by a Production IMS staffer was also posted on Twitter which supports the report of the money issues the studio is facing. 

Production IMS, which opened back in 2013, has been known for series such as Date A Live, Shinmai Maou no Testament, Hundred, Sora no Otoshimono, High School Fleet, Active Raid, and many others. They have previously won the Studio Award for 2015-2016 at the Newtype Anime Awards.

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Josh Piedra

Josh (or J.J. as some have come to call him), is a long-time geek culture enthusiast with a deep passion for anime, manga and Japanese culture. Josh also has a Bachelor of Arts in Game Design and is a creative writer who has created original content for over 20 years! He is also the author of the original English light novel Final Hope.