Financial research firm Teikoku Databank (via Anime News Network) reports that anime production company Group TAC (Night on the Galactic Railroad, Touch) filed for bankruptcy on August 31. The bankruptcy filing at the Tokyo District Court shows that the company held roughly 650 million yen ($7.694 million) in debts to 167 creditors at the end of its August 2009 fiscal year.

Group TAC's staff of nine employees was headed by Atsumi Tashiro until his death in July. The company reported 10 million yen ($118,370) in capital. The filing at Tokyo's district court was accepted, and bankruptcy proceedings are currently beginning.