Gonzo Faces Possible Bankruptcy

The Gonzo anime production company has revealed its financial report for the fiscal year that ended in March 2009. The company earned 6.332 billion yen (US $65.7 million), which was slightly higher than its anticipated 6.1 billion yen income. But losses for the year were also higher than expected. Gonzo reported an actual loss of 3.401 billion yen (US $35.3 million) attributed to declining DVD sales and the weakening American market for anime. Gonzo’s auditor, BA Tokyo & Co., reported that Gonzo faces insolvency due to its losses.

During the 2008-2009 fiscal year, Gonzo sold its Gonzo Rosso PC game development subsidiary, cut its planned anime production by half, cut staff, and condensed its animation business from two offices to one.

In 2005 Gonzo reported that only 8.2% of the company’s revenue came from American sales. Presumably that percentage has increased in recent years for it to have such an impact on the company in 2009.

Source: Anime News Network

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