Anime & Manga News

Animation Studio Arms Declares Bankruptcy

by Vindstot
Aug 5, 2020 12:50 AM | 72 Comments
Common Sense Co., Ltd. (Common Sense), previously known as Arms Co., Ltd. (Arms Corporation), has been declared bankrupt, according to a report by the credit and marketing information firm Tokyo Shoko Research on Tuesday. The company received a special liquidation order from the Tokyo District Court on July 22. Debt accumulated by the company is currently under investigation.

In the fiscal year ending in June 2009, Arms saw a net revenue of 390 million yen (approximately US$3.6 million) with the success of the Ikkitousen franchise; however, sales began to decline soon after. By the fiscal year ending in June 2011, the studio incurred a net loss of 260 million yen (approximately US$2.4 million). Following a shareholder meeting on May 31, the company commenced the special liquidation proceedings. At the time of insolvency, the company held a capital of 3 million yen (approximately US$28,400).

Arms was spun off of Studio Kikan (later Pierrot Plus, now Studio Signpost) as an affiliate in November 1996 with Osamu Shimizu (Tegamibachi animation producer) as its representative. The company was originally established to produce adult animation and handle Studio Pierrot's subcontract productions. Initially working on titles with adult animation labels Pink Pineapple and Green Bunny, the studio used aliases such as Dandelion, Triple X, and Garyuu Studio.

With the poor sales of adult titles and a growing market for television works, Arms produced its first television anime Mezzo DSA in 2004. Featuring character designs and original concept by animator Rinshin (Queen's Blade), the studio released the adult anime Hininden: Gauss in 2005. However, sales no longer grew as they did for original works, which resulted in the abandonment of the title's second installment. Arms ceased to produce adult animation since.

2015 onward, the studio primarily participated in television productions with Genco, including Valkyrie Drive: Mermaid, Queen's Blade: Grimoire, and Ikkitousen: Western Wolves. Arms also actively began accepting subcontract works from other animation studios. The company changed its official name to Common Sense in August 2017, as it began curtailing its business operations.

Arms was best known for Elfen Lied, Genshiken 2, Maoyuu Maou Yuusha (Maoyu: Archenemy & Hero), Hagure Yuusha no Aesthetica (Aesthetica of a Rogue Hero), Gokukoku no Brynhildr (Brynhildr in the Darkness), and Wizard Barristers: Benmashi Cecil (Wizard Barristers).

Source: IT Media, Tokyo Shoko Research

20 of 72 Comments Recent Comments

All the best going forward to their friends, family and staff. Sad to see them go as they were the first studio to give me a does of the ecchi genre.

Apr 27, 9:59 PM by master-ling

The studio has closed because of people who still use Japanese production illegally. May a curse be upon them.

Apr 27, 5:51 PM by sagas8819

I heard that their company got bankrupt. It's a very tricky subject. I don't know why guys did not solve this problem. From what I've read it seemed to be a reasonable amount of money for them. I think there is something in the middle... I also had a delivery company, and I had some problems with my loans. I contacted the company that solved my financial problems There work only professionals. I think that they could help everyone. They provided me the right decisions that I have to make. In this way, they saved me from bankruptcy.

Dec 21, 2020 9:06 AM by Pro11pse

Rip Arms. Had a few decent shows, and underwatched Barristers one of the few watchable shows in the lawyer/crime fighting genre.
Still want a Maoyuu s2 tho...

Sep 2, 2020 11:32 PM by gophercg

oh damn they did a lot of ecchi fighting shows and also 2 of my favorite hentai Mezzo Forte and Kite

Sep 2, 2020 9:34 PM by SadMadotsuki

What? No way! Queen’s Blade is THE BEST!!! Say it ain’t so!! 😭😭😭😭

Ikkitousen is cool aswell and I didn’t like Elden Lied (drooped) but it’s iconic so...

Aug 28, 2020 2:53 AM by removed-user

These people hardly participated in a good work. Change can be a good thing.

Aug 13, 2020 11:38 AM by VyseLegendaire

Rest in Peace, Arms, you were one of my favorites. And thank you for Elfen Lied.

Aug 11, 2020 1:56 PM by Cosmictimespace

Damn, how unfortunate. Literally was about to binge all of Queen's Blade and Ikkitousen.

Aug 9, 2020 7:15 PM by Yaboku

Rip some Ecchi i hope the employees get a new job and create even better Ecchi animes

Aug 6, 2020 9:08 AM by Ero-Sempai

Not liked I cared anyway... Yeah I feel bad for the employees but the anime (at least the ones I watched) made by them were bottom of the barrel ecchi. And not the good kind.

Aug 6, 2020 8:44 AM by GalacticMagna

Rip, may employees/animators gets absorbed by another studios or just find another job...

also what with this thread, some are "celebrating" while others lost their job, idk why people hated ecchi so much...

Aug 6, 2020 7:50 AM by shiroha

Just wanting to clarify, but all those people saying that those of us who don't like ecchi and/or hentai are happy about people losing their jobs, i just wanted to say, that that's not true at all, at least in my case.

I'm not happy about people losing their jobs, i do wish them all the best and i don't hold any grudge or hate against them! I mean, one of them even produced the animation for one of my all time favorite anime ever!(Tegamibachi)

Also, they can always find work at another anime studio.(which they actually won't have to since they are part of Studio Pierrot and will probably go to work there afterwards, so they didn't actually lose their jobs in the first place.)

Aug 6, 2020 7:23 AM by Dauphine

I did not enjoy most of their shows that I watched, but they were one of the best when it came to animating fanservice. Also I have to mention that the artstyle in Hyakka Ryouran is just gorgeous, without a doubt their best work imo.

Aug 6, 2020 5:22 AM by Gator

It's a sad. The Arms studio gave us a bunch of cool erotic TV shows.

Aug 6, 2020 4:53 AM by ShiroAlex

Well shit, they created some of the best hentai that I've ever seen and now they're gone. Mezzo Forte, Kite, Words Worth, Front Innocent. All classics. I even had a soft spot for "Wanna Be the Strongest in the World!"

Also, LOL, the irony in metaphorically jerking yourself off to the thought of an anime company that make hentai/ecchi closing down just because it produced jerk off material.

Aug 5, 2020 10:47 PM by thetickdickler

I really liked Maoyuu Maou Yuusha. Hopefully we don't see more closings.

Aug 5, 2020 10:44 PM by cannonarsenal

very sad to know that the creator of anime Brynhilder in Darness and Elfen lied ( My very first 2 animes) which led me into anime world had to face such a crisis.

Aug 5, 2020 10:38 PM by Darth_InVader

Big F. Arms made a lot of classic ecchi shows, many of which I enjoyed. I was an especially huge fan of Samurai Girls. It had a phenomenal visual style.

I always hate to see studios go, for one because these studios gave us so many memories and entertained us. The other reason is that animators, directors, writers, etc. are out of work. I wish them all the best, especially during these hard times.

Aug 5, 2020 10:20 PM by takkun_