Dingo, the studio behind Photo Kano, the Hatsune Miku: Project DIVA PSP series, and more established in 1998, is rumored to have gone bankrupt.

The company’s official website has been inaccessible for several days. A document that appeared online today affirms the studio’s closure, though it’s source cannot be verified. It states that Dingo suspended business as of March 21, and is planning to file for bankruptcy in Tokyo District Court.

Additionally, in the 2ch thread for Laguna Strike Angels, which is a smartphone and PC game developed by Dingo and published by DMM, a supposed former employee appeared. According to the poster, Dingo’s debt has exceeded 300 million yen, and some company employees haven’t been paid. The poster added that the poor performance of Reco Love was fatal to the company, and said that the document that appeared online earlier was legitimate.

Dingo’s Twitter account is still online, but hasn’t posted an update since February 4.

Thanks, Games Talk.

Update 10:15 p.m: It’s confirmed. Japanese outlets such as Gamebiz.jp and GAME Watch are reporting that Dingo’s debt is estimated to be about 340 million yen.