CM's Corp Files for Bankruptcy

Thursday, March 6th, 2014 8:54AM CST

Categories: Toy News, Company News
Posted by: El Duque Views: 25,859

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CM's Corp, the company behind the previously released officially licensed Gutto Kuru Minelba and Ginrai figures, has filed for bankruptcy. According to Yahoo! Japan they filed for bankruptcy on March 3rd, citing low sales and an inability to move a backlog of older merchandise. At the time of the filing they were reporting a debt of over 400 million Yen. How this will effect the pending release of their Excel Suit with Spike and Daniel set remains to be seen.

Credit(s): Yahoo! Japan

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Re: CM's Corp Files for Bankruptcy (1555543)
Posted by fenrir72 on March 6th, 2014 @ 9:31am CST

So no wonder amiami was selling a bunch of their anime related figs at 58% off. A pity that their Satoshi ero will be canned. And their Mugen calibur... :sad:

Re: CM's Corp Files for Bankruptcy (1555544)
Posted by GuyIncognito on March 6th, 2014 @ 9:42am CST

Takara announcing their own version of the Exosuit, to be sold with MP BB, probably didn't help their prospects.

Re: CM's Corp Files for Bankruptcy (1555552)
Posted by Samsonator on March 6th, 2014 @ 10:04am CST

The curse of Grand Galvatron strikes. Apparently that monstrosity was never meant to gain physical form.

Re: CM's Corp Files for Bankruptcy (1555571)
Posted by Rated X on March 6th, 2014 @ 11:17am CST

LMAO !!! I did kind of want that grand galvatron though just for kicks.

Re: CM's Corp Files for Bankruptcy (1555576)
Posted by DeadCaL on March 6th, 2014 @ 11:52am CST

Is this the same company that is making the mini Roadbuster?

Re: CM's Corp Files for Bankruptcy (1555590)
Posted by Blurrz on March 6th, 2014 @ 12:52pm CST

DeadCaL wrote:Is this the same company that is making the mini Roadbuster?

No, that's Art Storm.

CM Corp did the Minerva and Metalhawk figures.

Re: CM's Corp Files for Bankruptcy (1555659)
Posted by fenrir72 on March 6th, 2014 @ 5:51pm CST

That Mugen Calibur I mentioned was the transformable version. Artstorms transformable one is in "chibi" form

Re: CM's Corp Files for Bankruptcy (1555679)
Posted by Stormrider on March 6th, 2014 @ 6:44pm CST

Is that the same exosuit design with MP Bumblebee? I wonder if Takara bought the design.

Re: CM's Corp Files for Bankruptcy (1555707)
Posted by LOST Cybertronian on March 6th, 2014 @ 8:29pm CST

Stormrider wrote:Is that the same exosuit design with MP Bumblebee? I wonder if Takara bought the design.

The legs look different and the CM's Corp was probably bigger.

Re: CM's Corp Files for Bankruptcy (1555726)
Posted by Stormrider on March 6th, 2014 @ 9:57pm CST

Yes, CM was bigger but the Takara version has a lot of similarities - wheel placement, front of the legs, and torso. Even the boosters behind the cockpit are there

Re: CM's Corp Files for Bankruptcy (1555731)
Posted by Burn on March 6th, 2014 @ 10:20pm CST