AGEHA Magazine ceases publication, publisher in debtAccording to Teikoku Databank , Inforest, known by its Koakuma Ageha magazine, stopped operations on April 15. The liabilities are around 3 billion yen. The company will be considering sales of its content such as its publications.Source: IT Media
The company was established in 2002 as a spin-off from Eichi Shuppan. Under its publishing umbrella, aside from Koakuma Ageha, it published I Love Mama and Girl Camera, and for men, Samurai Magazine, and as a PC magazine, PC · GIGA. Koakuma Ageha was featured on TV, and its circulation rose to 300,000. Net sales for the year ended March 31, 2008 were around 5.945 billion yen but rose to approximately 7.496 billion yen sales in the fiscal year ended March 31, 2009, after the company launched its mail-order business.
But sales of existing magazines peaked and advertising revenue also fell in the economic downturn and the closing down of the magazines. The company took steps to cut its workforce and restructure, but could not stop the decline in its sales, which were down to around 4.379 billion yen in the fiscal year ending March 31, 2012. As cash flow tightened, the company’s credit fell, and business operations were halted when it reached the limits of its cash flow.