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The Tokyo Stock Exchange notified investors on Monday that GDH, the parent holding company of the Gonzo anime studio, has been put on a one-year grace period to improve its finances or face delisting. The grace period was retroactively dated back to April 1 (the beginning of the Japanese fiscal year) of this year and will end on March 31 of next year. According to the exchange, these steps are being taken since GDH has been determined to be insolvent, or having total financial liabilities that exceed its total financial assets, during the accounting period that ended in March of 2008.