Toen Shobo

Japanese: 桃園書房

Links:

Official Site

Magazine:

Info:

Went bankrupted in mid-2007:

Shinbunka reports that Touen Shobo (Toen Shobo) has closed its business on August 31st. According to the report, Touen Shobo notified their lenders regarding an adjustment of their debts on August 24th.

Toen Shobo has been making many changes to their books and magazines in recently years, and has sold many properties to keep their financial results stable. Later Toen Shobo proposed a "reconstruction plan" that involved getting rid of the division in charge of publishing adult contents, reducing employees and employment costs, disposing bad inventories, cutting down the debt by 90%, etc. Some magazines were also sold to other publishers. In early August, rumors began circulating on the web that the publisher is bankrupt.