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I don't think its the localization companies fault entirely, or even mainly, for the failure of late night anime outside of Japan. If not for the fact that the way anime is sold and produced is very well suited for the low volume, it would be a failure inside Japan. Anime is a niche hobby everywhere, including Japan.
This is very opposed to mainstream works such as Western television or K-Drama. As mainstream works Western TV is produced to appeal somewhat to a very wide audience.
Anime is produced to appeal a lot to a very small audience. Anime otaku are a small and looked down upon subculture in Japan. Within anime otaku, there are further subdivisions. Most late night anime will aim to appeal a lot to one or a few of these subdivisions. Its doubtful that the niche tastes and preferences will appeal to normal people anywhere.
Late Night anime was never intended to be mainstream. It should be no surprise that it isn't very popular.
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