Company ends fiscal year with 565 million yen net loss
© 2019 Studio KAI inc.
The April 13 issue of the Japanese government’s Kanpо̄ gazette revealed on Monday that Studio KAI animation studio is entering a state of insolvency, in which the company is unable to pay debts, after ending the 2025 fiscal year with a net loss of 565 million yen (approx. US$3.5 million).
The company reported a loss of 165,129,000 yen (about US$1.51 million) in its second financial results report for 2021. The company had reported losses of 402,010,000 yen (about US$3.69 million by current conversion) in its first report, for the time period ending on December 31, 2019.
Studio KAI is a…