Taken straight from GAF.  It's badly google-translated to make of it what you will.

NeoGAF discussion thread about it, presumably there is some merit to this:

http://www.neogaf.com/forum/showthread.php?t=993596

http://otapol.jp/2015/02/post-2474.html

"Such as software for PlayStation Portable "last promise of the story", information that the management of game company image epoch, which is known in a number of game titles has fallen into crisis, are twirling the industry.

The company was founded in 2004. Including the "story of the last of promise", the development of "Time and Eternity", "Black ★ Rock Shooter THE GAME" Production of "Sonipuro", such as the launch of the consumer of the masterpiece of Alice software "Tournament of the Gods" It has been known for. The company Yoshie Mr. Mikage of representative directors, announced that it is being listed prepared in lecture CEDEC is the largest conference for game developers in Japan in 2009. The next 2010 announced the "JRPG Declaration" that "continues to make interesting JRPG", and drew attention. However, also occurs incidents part in 2013 price is filed a lawsuit as being unpaid. Listed also without realization, had various speculation flows.

Under these circumstances, in the "Weekly Famitsu" (KADOKAWA Enterbrain) October 23 launch issue in 2014, was reported to be developing a founding 10th anniversary title "STELLA GLOW (Stella Glow)" , it was decided to collect again expected.

However, a new movement occurs from around January this year. In Jobs site, written by the person claiming the former employee "in 2014, it became the in-house development line or two → 1 this" "Death talented people quickly change jobs, development capacity is significantly down authenticity of unknown information that closed was "is, is was circulated on the net. In the industry from the same time, rumors of the "already started to move towards the settlement of the company" for the company, had come to be told to have a reality.

So, it is sent the interview request by e-mail to the company in order to ascertain the authenticity of the rumor, did not respond at all even after the deadline. At the same time, the office building that the company's occupancy floor, I was also able to confirm that it is already posted on the real estate information site as tenants recruitment.

Occupancy possible date, from June of this year. Whether it is already gearing up for the retreat that? So when I visited the company, but are still left with the name of the "image epoch" in the entrance, there was no figure on the floor where the company is resident. Door is closed, I remain stuck also courier of absence notification.

Although considered the possibility of company relocation, today Currently, the company's official website has not been updated. In addition, changes such as location has not been registered in the company registry. In other words, rumors that have circulated in the industry inside and outside has been tinged with reality suddenly.

Has been announced as the founding 10th anniversary title "STELLA GLOW (Stella Glow)", which is expected from the user, it is a waste of this state would be shelved. Mikage's representative director in only known as the man of the world, can not help the hope that it will be willing to release properly.
(Interview-statement / Takashi Hiruma)"

As I said in that thread, I'd be sad to see them go under. They weren't my favourite of the smaller Japanese devs, but still.

Also, tl;dr version of the google translate: supposed old employee said the company has been winding down and much of the talent has now left, writer emailed the company about the claims and has had no reply.

Their old office building is listed as being for sale from June 2015, so the writer visited the company and the doors were locked.

Writer says it's possible they've relocated their offices.

I'm a little bummed that Last Ranker and Chevalier Saga never made it over. Other than that, can't say I'll miss them. They started so promisingly, but all that "savior of JRPGs" stuff sticks in the craw when they wound up making so many shit games.

too bad.. I really liked * googles imagepoch* .... .... ...Sands of Destruction.. really? they made that?

Would've been nice to get Last Ranker in the west.  Sol Trigger looked alright too.

They should've ported Toki Towa to the PS4.

That's bad... what will happen to luminous arc infinity?

It's being developed by someone else.

who is that?