EntertainmentAnimeThe studio behind Demon Slayer, Ufotable's founder charged with tax fraud

    The studio behind Demon Slayer, Ufotable’s founder charged with tax fraud

    Founded in October 2000 Ufotable, Inc. is a Japanese animation studio. Notable works of the studio are  Coyote Ragtime Show, Tales of Symphonia, and Demon Slayer: Kimetsu no Yaiba. Recently, the founder of Ufotable Hikaru Kondo has been convicted of tax evasion and has got a 20-month prison term with 3 years suspended sentence.

    The decision for the body of evidence against Ufotable studio founder Hikaru Kondo and the anime studio being referred to was given over today in the Tokyo District Court, with the court viewing that Kondo is unquestionably blameworthy of disregarding the Corporation Tax Act by sidestepping in excess of 138 million yen (US$1.25 million) in charges.

    Ufotable’s Official Statement

    Ufotable released a statement today confirming this news on their website: “This time, our company and our representative have been convicted of a case of violation of the Corporation Tax Law. We sincerely apologize for the concern and inconvenience caused to the fans and other related parties who support our work. Taking this opportunity as an opportunity, we will comply with laws and regulations and make further efforts to optimize management in order to improve the production environment for sustainable and better production“.

    Moreover, Ufotable has already confirmed that they have paid back the amount to the Japanese authorities.

    As it is for Kondo, he was indicted for moving money from Tokyo-based cafes run by Ufotable to a locker in his home, making bogus personal assessment articulations in 2015, 2017, and 2018, and covering around 441 million yen (US$4 million) from The Tokyo Regional Taxation Bureau. This let Kondo avoid (at that point) paying around 109 million yen (US$990,413) in corporate duty, and 28 million yen (US$254,437) in utilization charges, totaling in excess of 138 million yen (US$1.25 million).

    Furthermore, Kondo’s wife was the accountant for the company. He instructed her to commit tax fraud which proves his intentions.

    This is all on Ufotable founder charged with tax fraud. For more news and updates like this keep following Retrology.

    Was this helpful?

    Thanks for your feedback!
    Amel Aamer
    Amel Aamer
    I have been writing for as long as I can remember. Let it be school magazines, online platforms, or different university societies, writing is one thing that always brings out the best in me. I am also a huge Movie and TV Show watcher. Moreover, I love reading books and am fairly knowledgeable regarding the video games industry.
    Notify of
    Inline Feedbacks
    View all comments