For the first film, Yamaguchi Pro shot "Hanpeita TSUKIGATA," the hit shinkoku-geki (realistic period-drama) written by Rifu YUKITOMO, at 'Narabigaoka Studio' by recruiting Makino's Hiroshi INNAMI, who had written the screenplay of "Adauchi Junjo Roku" starring YAMAGUCHI, and appointed him as a director; Shuichi OTSUKA of Toa Kinema Kyoto Studio was selected as a cameraman; costars included Kobunji ICHIKAWA, who had set up 'Ichikawa Kobunji Kabuki Eiga Productions' (Kabuki Eiga Pro); Yoshinosuke ICHIKAWA (later known as Kiyoshi SAWADA), who had come from Ichikawa Utakemon Productions' (Uta Pro) Ayameike Studio in Nara and acted in "Nozaki-mura village," the first movie produced by Kobunji's "Kabuki Eiga Pro"; Tamiji FUJII, who had been recruited away from Makino; Atsushi TAKADA and Sakura MIYAKO, who had been recruited away from Toa Kinema Kyoto Studio; Ayako CHIYODA, who acted for Makino while belonging to Kinugasa Eiga Renmei; and Katsuyo ISSHIKI, who had acted in films in Bando Tsumasaburo Productions' Uzumasa movie studio.
設立第1作は、行友李風の新国劇ヒットナンバー『月形半平太』を「双ヶ丘撮影所」で製作、監督には山口がマキノで主演した『仇討殉情録』の脚本を書いた印南弘をマキノから引き抜き、撮影技師には東亜キネマ京都撮影所の大塚周一を起用、共演には「市川小文治歌舞伎映画プロダクション」（歌舞伎映画プロ）を立ち上げた市川小文治、奈良の市川右太衛門プロダクションあやめ池撮影所（右太プロ）から来て小文治の「歌舞伎映画プロ」の第1作『野崎村』に出演した市川芳之助（のちの沢田清）、マキノから引き抜いた藤井民次、東亜キネマ京都撮影所から引き抜いた高田篤と都さくら、衣笠映画連盟からマキノに出演した千代田綾子、阪東妻三郎プロダクション太秦撮影所に映画に出演していた一色勝代を起用した。