Studio Behind Umamusume: Pretty Derby And Other Beloved Anime Is Reportedly In A $3.5 Million Hole
in newsletterKotaku · 2026-04-13 · 4 min read · business
Studio Kai, the anime studio behind *Umamusume: Pretty Derby* seasons 2–3 and owned by PUBG publisher Krafton via ADK Holdings, has reported $3.5M in cumulative net losses across seven consecutive years, triggering an insolvency declaration. Fans expect parent company ADK to absorb the debt.
Appeared in 2026-04-13.