Animation studio GONZO revealed last Friday that it has executed an "absorption-type company split," and has transferred a portion of its anime production, intellectual property, and rights management business to the newly formed Studio KAI company.
GONZO's previous financial report for the year ending in December 2018 reported sales of 1.527 billion yen (about US$13.70 million), an operating loss of 399 million yen (about US$3.58 million), an ordinary loss of 433 million yen (about US$3.88 million), and a total loss of 597 million yen (about US$5.35 million) for the company. Gonzo reported an insolvency of 3.401 billion yen (about US$30.5 million) for the year.
Former Gainax members founded the anime studio GONZO in 1992. The company merged with Shinichiro Ishikawa's Digimation company in 2000 and a new parent company, GDH (which stands for Gonzo Digimation Holdings), was formed. GDH absorbed GONZO in 2008 and adopted the name GONZO for itself. The Tokyo Stock Exchange listed GONZO in 2004, but it delisted the company in 2009. The company was restructured through investment funds, and Asatsu-DK acquired and made GONZO a consolidated subsidiary in 2016.
Former representative director and vice president Ryōichi Katsumura became representative director and president of GONZO last September.