Cinequanon Co., a movie producer and distributor, filed for bankruptcy protection Thursday with the Tokyo District Court, Teikoku Databank said.
The Tokyo-based company, known for the 2006 hit hula movie “Fla Girls,” went bust with liabilities of ¥4.70 billion and sought protection from creditors under the civil rehabilitation law, the private credit-research firm said.
The debt included liabilities for the affiliate that operates three movie houses in Tokyo, which also filed for bankruptcy protection with the Tokyo court the same day.
Cinequanon was founded by a Korean residing in Japan in 1989.
The company distributed South Korean-made films in Japan, helping spark a Korean movie boom in the country.
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