下田美馬
1997 would prove to be a nightmare year for All Japan Women as the owners of All Japan Women's went bankrupt after losing money in real estate, the stock market and other business ventures. Due to this, they lost 14 wrestlers from July to September 1997. Kyoko Inoue, Etsuko Mita, Mima Shimoda, Chaparita Asari, Yoshiko Tamura and others left to form NEO Japan Ladies Pro-Wrestling. Toshiyo Yamada left for Gaea Japan. Aja Kong, Mariko Yoshida, Reggie Bennett, Yumi Fukawa and Rie Tamada left to form Arsion. In October 1997, the promotion's building which held the AJW office, the wrestler dormitories, the training area, the garage (where small events were sometimes held) and a restaurant where the younger wrestlers worked was handed over to creditors. In October, they also lost their television show on Fuji TV which they later regained in July 1998.