Mag Garden
Mag Garden was founded on June 5, 2001 by Yoshihiro Hosaka, who previously worked as an editor from Enix (now Square Enix) before leaving. It started out as a spin-out company from Enix's manga publishing division before the company merged with Square. The Square-Enix merger resulted in an uprising with some of the manga artist staff. Fearing their manga being dropped out of publication and tired of the harsh treatment, they left Square Enix to help create Mag Garden, where they would also continue serializing their series. The establishment of Mag Garden and the former manga artists' departure from Square Enix prompted legal disputes over copyright issues between the two companies. The legal battle was concluded in March 2003 and Square Enix agreed to contribute 50% of Mag Garden's capital. Manga that was once published under Enix from the former authors had to continue serialization under new titles. On September 22, 2003, Mag Garden became a separate, independent company and was admitted in the Tokyo Stock Exchange's "Mothers" market after Square Enix sold all of its remaining shares.