News Cosmode Publisher Inforest to Go Out of Business
posted on 2014-04-16 07:41 EDT
The financial research firm Teikoku Databank reported on Wednesday that Inforest, the company best known for publishing the fashion magazine Koakuma Ageha and cosplay magazine Cosmode, has suspended business activities as of April 15. The company currently holds a debt of 3 billion yen (about US$29.35 million).
In 2009, the company's highest earning in a quarter was 7.496 billion yen (about US$73.333 million), but its highest income in a quarter dropped to 6.803 billion yen (US$66.48 million) in 2010. By 2012, highest earnings in a quarter had dropped to 4.379 billion yen (about US$42.783 million).
The company is currently investigating its debt, and is planning the sale of its properties.
The first issue of Cosmode, a magazine that includes photos of cosplay and tips on costume creation and make-up, was published in 2002. An English publication of Cosmode was published by Broccoli Books in North America before it closed its doors in 2008, and a digital version of the magazine was also available until 2009.
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