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Atlus parent company faces bankruptcy, game arm could be sold

Thursday, 27th June 2013 10:21 GMT By Dave Cook

Atlus’ parent company Index has filed for civil rehabilitation proceedings as it faces bankruptcy. The troubled company may face restructure at the hands of creditors, which casts the game company’s future into doubt.

According to this CNET report, Index owes debts of ¥24.5 billion / £160 million, and the company’s president Ochiai Yoshimi has expressed a desire to resign.

The report suggests that Index’s overseas acquisitions have failed to bear profits for the company, and the news places a large question mark over the future of Atlus and its work-in-progress titles, including Dragon’s Crown for PS3 and Vita.

We’ll update this story once we hear more.

Thanks NeoGAF.

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17 Comments

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  1. SplatteredHouse

    D:

    #1 1 year ago
  2. dizzygear

    Serves em right for region locking Persona 4 Arena.

    I wonder who will get their hands on Atlus. Hopefully not Squeenix.

    #2 1 year ago
  3. Coheno

    This news really sucks. We’re SO close to Persona 5!

    #3 1 year ago
  4. fihar

    Oh no.
    I’ve already made a decision to not sell my PS3 until Persona 5 comes out.

    #4 1 year ago
  5. NeoSquall

    Holy shit Batman!

    #5 1 year ago
  6. Clupula

    I know it won’t happen, but damn, would Atlus be a sweet acquisition for Sony.

    #6 1 year ago
  7. YoungZer0

    One of the few japanese developers that can still deliver something truly new and refreshing is going to disappear?

    No, no, no, no, no, no, no.

    I wanted Persona 5, not this!

    #7 1 year ago
  8. Sini

    nintendo should be all over this, outright buy em out. or sony.

    #8 1 year ago
  9. Hunam

    I want to cry.

    #9 1 year ago
  10. Ireland Michael

    @2 Hundreds of people deserve to lose their jobs because one single game was region locked? Really?

    Anyway, this has absolutely nothing to do with that. It had to do with the parent company that owns them owing millions of dollars in debt.

    #10 1 year ago
  11. JGMR

    Fucking corporate takeovers. Look what happened to Hudson’s acquisition by Konami. Look what happened to Namco-Bandai and Square-Enix. BAD BAD BAD.

    #11 1 year ago
  12. dizzygear

    @10 Yes really. They region locked it because the Japanese might import the NA version of the game to save a few bucks. In other words they region locked it out of pure greed so they could continue to price gouge their own market and of course fuck over Europe in the process.

    And Index is financial deep water due to criminal activities so i have in fact little pity for them.

    The only sad thing is that Altus Japan is caught in the crossfire.

    #12 1 year ago
  13. Ireland Michael

    @12 Again, not the fault of Atlus.

    I find it hard to take seriously anyone who things their personal sense of entitlement is worth the jobs of hundreds of normal, decent people just trying to feed their families.

    Get over yourself.

    #13 1 year ago
  14. dizzygear

    @13 They were the one who region locked the PS3 version by choice. It was also Atlus who had to provide Zen united with the European build of the game and then proceeded to take their sweet time with it.

    And this was hardly the only case Atlus/Index fucked over Europe. The late and buggy release of Devil Survivor Overclocked comes to mind.

    Personally i think your the drama queen and need to get over yourself. Atlus has a bad image in Europe for a long time now and many of us hope they get bought by a company who gives a crap about Europe.

    #14 1 year ago
  15. NeoSquall

    Index is, or in fact was one of the few sizable indipendent Japanese publishers who had the financiaal power to also have a US distribution arm and sign deals with European publishers and distributors.
    Too bad their games have always been too niche to have enough success and make enough profits to stay in the green “legally”.

    I’m sad of seeing Index going down, but I hope they can at least sell the Atlus brand (the studio itself has been shut down since the acquisition) and all their IPs to suitable, and more importantly Japanese, publishers, who might also rehire the soon-to-be jobless people of the Persona Team.
    GungHo could be a fine choice.

    #15 1 year ago
  16. docLEXfisti

    Microsoft should buy Atlus and all their japanese problems would be solved. Make Persona an XB1 exclusive and you will have your first Microsoft console that sells well in Japan.

    #16 1 year ago
  17. Ireland Michael

    @16 All that will do is see the franchise sink like a stone due to abysmal sales. It takes a lot more than a single franchise to make a insole successful. Multi-format releases are the best thing for the industry to have,

    #17 1 year ago