After the company was dissolved due to poor management, Mizoguchi moved to Shinko Kinema and then to Shochiku's Shimogamo Studio, and there he produced a series of excellent films such as 'Zangiku monogatari' (The Story of the Last Chrysanthemums) based on Shofu MURAMATSU's novel, 'Naniwa Onna' (A Woman of Osaka) featuring Kinuyo TANAKA in his own movie for the first time, 'Geido ichidai otoko' (The Life of an Actor) based on the novel of his old friend from elementary school, Matsutaro KAWAGUCHI.
同社が経営悪化のため解散した後は新興キネマを経て、松竹下賀茂撮影所に移り、村松梢風の「残菊物語」、初めて田中絹代を自作に迎えた「浪花女」、小学校時代からの旧友・川口松太郎原作の「芸道一代男」など秀作を連発した。