Quantcast
Atlus parent company Index to begin selling operations - Destructoid

DestructoidJapanatorTomopopFlixist



Atlus parent company Index to begin selling operations


10:45 PM on 07.18.2013
Index selling operationsAtlus parent company Index to begin selling operations photo



Last month we learned that Atlus parent company Index Corporation was in a fiscal mess due to a debt of 2.45 billion yen and fraud investigations and had entered "civil rehabilitation proceedings," akin to American bankruptc. 

According to Bloomberg, with some help in translation from Mad Man's Cafe, it seems Index will begin selling off its subsidiary operations. Bidding could start as early as next week and finish as quickly as September. As we guessed last month, it seems Index wants to get things done before any of its operations devalue amidst the turmoil -- production could be impacted, employees could jump ship, etc. Settlements could reach as high as 15 billion yen, according to experts.

Index stock will be delisted on July 28. Atlus Japan recently issued a statement on its website noting, "the development and sales of the Atlus brand as well as the consumer business will continue." It also confirmed that regularly planned releases of various upcoming titles, like Dragon's Crown, would be unaffected by the proceedings. Even next month's Persona music festival in Japan is going as planned. Hopefully things keep moving smoothly.

Index corp. selling off its businesses [Mad Man's Cafe, Bloomberg]






Comments not appearing? Anti-virus apps like Avast or some browser extensions can cause this.
Easy fix: Add   [*].disqus.com   to your software's white list. Tada! Happy comments time again.

Did you know? You can now get daily or weekly email notifications when humans reply to your comments.







Win your choice of console from Destructoid! in Destructoid's Hangs on LockerDome

Atlus

10:00 AM on 08.08.2014
Persona 3's best character gets her Ultimax trailer

Let's celebrate the recent September 30 date for Persona 4 Arena: Ultimax with this trailer for Mitsuru. She's the best, despite her whacked out Arena costume. more



9:00 PM on 08.06.2014
Atlus: Persona 4 Ultimax launches September 30

Persona 4 Arena Ultimax hits the streets on September 30, Atlus USA confirmed today. So mark your calendars and try to be patient. Waiting seven long weeks is going to feel like an eternity.more



9:00 AM on 08.06.2014
Huge PlayStation Store sale highlights Square Enix and Atlus games

Did you think you were going to save money heading into the fall's onslaught of must-buy games? Hahaha, not if Sony has anything to say about it. There's a new sale up on the PlayStation Store and it features some classic Squ...more



View all Atlus






Back to Top




All content is yours to recycle through our Creative Commons License permitting non-commercial sharing requiring attribution. Our communities are obsessed with videoGames, movies, anime, and toys.

Living the dream since March 16, 2006

Advertising on destructoid is available: Please contact them to learn more