News Gonzo to Be Delisted from Tokyo Stock Exchange
posted on 2009-04-01 04:21 EDT
The anime production company Gonzo has announced on Wednesday that it can be delisted from the Tokyo Stock Exchange since it did not improve its finances by the end of its last fiscal year on March 31. The stock exchange had notified investors in July that the company faced possible delisting this month, since its financial liabilities exceeded its total financial assets for the fiscal year ending in March of 2008.
Gonzo can continue to operate regardless of the delisting. Wednesday is the first official day that Gonzo's former parent company, GDH, absorbed its subsidiary to consolidate management resources. The newly restructured company is now known simply as Gonzo. The company had already announced on Tuesday that it would divest itself of its online gaming subsidiary, Gonzo Rosso.
Gonzo had previously announced that it would be working on the recently ended The Tower of Druaga: the Sword of Uruk anime, Slap Up Party -Arad Senki-, Shangri-La, Saki, and Alive - Saishū Shinka teki Shōnen in 2009.
Update: The paperwork for the delisting is slated to be submitted at the end of June, and the actual delisting will take place one month after that.
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