RPGFan

RPGFan Now Hiring

Liz Maas
Atlus' Parent Company, Index, Files For Civil Rehabilitation
What does this mean for Atlus?
06.27.13 - 2:28 PM

Earlier today the board of directors of Atlus' parent company, Index Corp., decided to begin 'civil rehabilitation' - that is, they've all but filed for bankruptcy. The company has about $24.5 billion yen ($250 million US) in debt, and was recently alleged to have conducted fraudulent business transactions, inflated sales reports, and made round-trip transactions - these are illegal in Japan.

Index, who purchased Atlus seven years ago, reported less overseas revenue than expected. What does it mean for the Shin Megami Tensei developer, who went from being a subsidiary for Index to an in-house brand? Nothing immediately, as the releases of Etrian Odyssey Untold, SMTIV overseas and Dragon's Crown are extremely unlikely to be affected. Under the supervision of Japanese courts, Index will continue to operate and re-organize, and is also seeking sponsors to transfer its game business operations to, so that their value doesn't diminish. As Atlus might be their most profitable asset, Index may especially be keen on protecting its value...


Back






Coming Up on Twitch

Final Fantasy XIV: Patch 3.5
Sunday, Jan. 15 • 10am PST/1pm EST

Final Fantasy XV
Every Monday (Starts Jan. 23) • 5pm PST/8pm EST

Shining Force
Every Tuesday • 11am PST/2pm EST

Final Fantasy V
Every Wednesday • 5pm PST/8pm EST

Valkyria Chronicles
Every Thursday • 5pm PST/8pm EST

Suikoden V
Every Friday • 5pm PST/8pm EST

Featured Content
Hiring Drive
Join the RPGFan Team
Hiring Drive
Retro Encounter 22: Rogue Legacy
Retro Encounter 22: Rogue Legacy
Podcast
Atelier Shallie Plus: Alchemists of the Dusk Sea Review
Atelier Shallie Plus: Alchemists of the Dusk Sea
Review
MIDI POWER Pro 4 ~Tokimeki Memorial~ Review
MIDI POWER Pro 4 ~Tokimeki Memorial~
Review
Norn9: Var Commons Review
Orwell
Review
Steins;Gate 0 Review
Steins;Gate 0
Review
RSS Feeds & More
Complete Feed
Reviews Feed
Media Feed
Random Encounter
Rhythm Encounter
Retro Encounter