Two months ago on May 30, GDH, the parent company of the Gonzo anime studio and the GONZO Rosso Online game studio, announced a loss of 3.752 billion yen (at the time, about US $35.44 million) on 6.853 billion yen (US $64.45 million), for its fiscal year ending March 31, 2008.

Now according to the Anime News Network, the Tokyo Stock Exchange has put the company into a one-year grace period, informing investors that if GDH doesn't improve its financial situation it could be delisted from the Exchange. The company has been determined to be insolvent during the fiscal period that ended on March 31. (Being insolvent means that GDH's financial liabilities were greater than its financial assets.) The one year grace period was retroactively set to begin April 1, the beginning of the new fiscal year, meaning that the delisting could occur at the end of March 2009.

Apparently the Exchange's listing regulations require these measures when a company is judged to be in the position in which GDH now finds itself. This doesn't mean that GDH will immediately go bankrupt or disappear; in fact, it's possible for a company to continue operating even after it's been delisted, although that can be very difficult. It remains to be seen what measures GDH will take in the coming ten months as it tries to build its financial position back to solvency, but in the meantime, the company and its two subsidiaries continue their operations.

For Gonzo, these include its ongoing work on S.A., Strike Witches, Rosario + Vampire Capu2, Linebarrels of Iron, and The Tower of Druaga: the Sword of Uruk. Indeed, as previously speculated when Gonzo announced that Strike Witches would be running on its YouTube channel as well as on Crunchyroll.com, it has now been announced by BOST-TV that the series will stream there as well. So the normal activities go on, at least for now. But browsing down the Anime News Network's listings of anime with which both Gonzo and GDH have been involved, it becomes clear just how many favorite series could be in jeopardy.