According to REUTERS News, GDH, the mother company of GONZO, will gain 1.9 billion yen ($17.5 million) by the allocation of new shares to a third party Iwakaze Capital. As a result, the GDH president Ishikawa Shin-ichiro will resign taking the responsibility of the failed management and Karasawa Tetsuo will take over the position as COO from October 1st. Iwakaze will hold 82% of the stocks of GDH.
The amount of debt of GDH is in excess of their total asset. So it has been in one-year grace period before the removal from the list of MOTHERS stock market. This increase of capital saves GDH from being in a financial crisis, but the new managers sent from Iwakaze Capital will greatly affect the policy on GDH anime business.
Ishikawa Shin-ichiro will reportedly remain as an inside director of GDH. It’s not announced whether he will stay in the CEO position.
Source: REUTERS news
Source: Press Release from Iwakaze Capital (pdf)
Source: Anime! Anime!
Edited on Nov 10th=======================
GONZO To Reduce Anime Production By Half
According to the press release, GDH will reduce the number of anime titles GONZO produces a year from eight to four and merge their four production studios into one. The expected total loss for the term between Apr 2008 – Mar 2009 will be 1.6 billion yen ($16 million).
Source: GDH Press Release
