CATDOLL: Japanese animation production company Production IG's deficit increases, is a cold winter coming?

Previously, the Japanese animation production company Manglobe announced bankruptcy, which surprised many people and led to speculation that the Japanese animation production industry would face a major reshuffle. Now the financial reports of various Japanese animation companies have been released, and the situation of many companies seems to be very optimistic. Among them, the financial report of the animation production company Production IG (PIG) ​​shows that the company's deficit has reached a new high, and it may become the next company to go bankrupt.

On October 9, Production IG released its first quarter financial report for the fiscal year. The first quarter financial report showed that Production IG had a book deficit of 41 million yen! Production IG's recent theatrical works include "Ghost in the Shell: New Theatrical Edition", "Empire of the Dead", "Attack on Titan: The Complete Theatrical Edition Part 2", and "Haikyuu!: The Complete Theatrical Edition". The TV animations are "Future Card Battle Partner" and "To Love Darkness Season 2". In addition to other animations for games and advertisements, Production IG's animation sales were 1.27396 billion yen, an increase of 8.7% over the same period last year. However, the production cycle became longer and the department lost 26.32 million yen, while the figure for the same period last year was only 6.17 million yen, which means that PIG's loss increased by 326% in one year.

In terms of publications, PIG reported sales of 156.62 million yen in its first quarter financial report for its publishing business, down 14.4% from the same period last year, and a departmental loss of 30.62 million yen, compared to 47 million yen in the same period last year. In the copyright business, through the secondary use of copyright sales of popular animations such as "Space Battleship Yamato 2199", "PSYCHO-PASS", "Attack on Titan", and "Haikyuu!", PIG's copyright business revenue was 265.01 million yen, up 46.3% from the same period last year, while the departmental profit was 56.67 million yen, down 44.4% from the same period last year.

As a result of the increase in losses in these various departments, PIG's first quarter financial report finally reported revenue of 1,776.83 million yen (an increase of 11.2% over the same period last year) and a loss of 17.61 million yen. In the same period last year, PIG's first quarter financial report showed a profit of 49.61 million yen, and a net loss of 41.73 million yen attributable to the parent company's shareholders, a loss that was 135% larger than last year . In PIG's first quarter financial report, only the copyright department and other departments' businesses contributed real positive profits. The other major departments were basically losing money in the first quarter, and the loss scale of the core business department increased by more than 3 times. However, in 2016, the animation "Attack on Titan Season 2" is scheduled to debut, and there is also a new animation of "Legend of the Galactic Heroes". With the popular IP in hand, PIG will not really collapse immediately, but if the scale of long-term losses is not limited, then PIG may be the next to file for bankruptcy.