This is a doujin fighting game featuring a number of young female characters from various anime sources. It only has two player mode, and you may need to adjust the speed significantly (although the delay can be controlled from the title screen as well, use the numpad arrows to adjust), around 5,000,000 as the max in Anex86 for reasonable speed play.
Controls are a bit cramped, one player gets the numpad to move and the arrow keys for attacks, and the other gets the ZXC row for attacks, and DF and such to move.