It’s well known that the anime industry is declining in Japan these days, but this news makes the situation seem a bit more bleak. The Tokyo Stock Exchange notified investors on Monday that GDH, the parent holding company of the highly regarded Gonzo anime studio, has been put on a one-year grace period to improve its finances or face delisting. Kinda sad.

Back in May, Gonzo announced a net loss for the fiscal year of about $35 million, and their liabilities may exceed their assets. Here’s hoping that things pick up for them. Go buy some GONZO DVDs or something!

Anime News Network has more details

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