Atlus Files Bankruptcy

[brunoafh]

edit: forgot to post source.
http://gematsu.com/2013/06/atlus-parent ... bankruptcy

Atlus’ parent company Index Holdings has declared bankruptcy at Tokyo District Court.

The company, which bought Atlus in 2006, is 24.5 billion yen in debt, which is roughlyt USD $250 million or GBP £160 million.

President Yoshimi Ochiai and Chairman Masami Ochiai intend to resign.

The Securities and Exchange Surveillance Commission of Japan have been investigating the company for allegedly improper accounting via fictitious transactions, specifically under the suspicious of exaggerating revenues using round-trip transactions.

Meanwhile, Atlus Japan said everything is still on track with their upcoming game releases. Etrian Odyssey Untold: The Millennium Girl was released today in Japan, and Dragon’s Crown is due out on July 25.

Feels terrible man.

[SuperSonic7]

Wait what I love their games...

[dsheinem]

hopefully this is "restructuring bankruptcy" and not "goodbye forever bankruptcy"

[Violent By Design]

heard bout that they were looking for someone to buy them out a while ago. wonder if theyll become a first party.

[foxhound1022]

Wow, that blows. I've always been a fan of their stuff.

[Stark]

hopefully this is "restructuring bankruptcy" and not "goodbye forever bankruptcy"

This. They do a lot of stuff that isn't "safe" and it would be a shame to have that gone.

[ZenErik]

Their parent company. Index. Not Atlus. If anything they would be sold. Not too worried.

[Nintendork666]

Yikes! I hope nothing too bad comes of this. I've been a pretty big Atlus supporter for years now.

[Valkyrie-Favor]

I agree with Erik; they'll probably be sold. But I'm afraid they'll be sold to Microsoft.

[Stark]

I agree with Erik; they'll probably be sold. But I'm afraid they'll be sold to Microsoft.

Your MSFT hatred amuses me. I sincerely doubt that they would buy Atlus, so I think you'll be ok.