Looks like figure-maker Jun Planning has called it quits after suspending Japanese operations and shutting down U.S. operations in an attempt to reorganize last month. Now they are filing for bankruptcy after accumulating a 3.2 billion yen debt. The company’s most recently released figures include femme fatale Revy from Black Lagoon.
As well as bust revolutionary elf Tiffania from Zero no Tsukaima.
As of right now, even their website is down. Although I don’t think I own a single Jun Planning figure, and it doesn’t seem like they are on the caliber of an Alter or GSC from their catalogue, it is not a good omen for the rest of the figure industry. The chief reason for their financial collapse was stated as slumping consumer spending, most likely due to the worsened global economic condition. Even hardcore otaku are finding it harder and harder to justify spending their money on plastic three dimensional renditions of their favorite anime characters.
I really hope Jun Planning is an exceptional case, and that other figure-makers don’t follow suit. I’d like to think that more major companies like Alter and Max Factory are keeping their finances in line in this recession, as I really doubt that the Japanese government will see fit to bail out to the figure industry if the situation ever arises for that, although we should never underestimate the power of the otaku.
Via Anime News Network.