Studio Arms, the production house behind souls like Ikkitousen, Queen's Blade ed Elfen Lied, has recently disclosed the details of his bankruptcy.

opened in 1996 as a studio producing Anime Hentai, has remained active in recent years thanks to the production of the OVA series of Ikkitousen: Western Wolves e Valkyrie Drive: Mermaid. In 2017, the studio changed its name to Common Sense, while still keeping the Arms brand active.

On July 22, the company's shareholders undertook the operations of liquidation of their employees.