Shinchosha Publishing Co. has announced one of its magazines will effectively fold after carrying articles that its president said contained "outrageous prejudice" against the lesbian, gay, bisexual and transgender community.

In a statement released Tuesday evening, Shinchosha said it will suspend publication of the monthly magazine Shincho 45, which debuted in 1985.

Its October issue, which is currently on shelves, will be the last edition before the suspension, the firm said.