Atlus' parent company faces bankruptcy
Index Holdings to undergo "civil rehabilitation proceedings."
Index Holdings, the parent company of Japanese game developer Atlus (Shin Megami Tensei series), looks like it's in financial trouble.
According to a CNET Japan report (via Neogaf), the company will be undergoing "civil rehabilitation proceedings" via the Tokyo District Court. After the proceedings, the company will then undergo a corporate restructuring. The total liability of the company is about 24.5 billion yen ($249 million) as of May 31.
Civil rehabilitation is the Japanese equivalent of bankruptcy proceedings, and is usually the step taken before a more serious corporate failure.
Previously, the company was under investigation for questionable business practices, such as fabricating business transactions to maximize the corporate balance sheet. Atlus' previous works include Catherine, the Shin Megami Tensei: Persona titles, and the Etrian Odyssey series. For more information on Atlus' latest title, check out GameSpot's coverage on Shin Megami Tensei IV.
Resident Evil Village Takes Cues From The Series’ Best Entry Resident Evil Village Demo Gameplay (PS5) Superman & Lois: Who is Captain Luthor? Apex Legends - Official “Northstar” Stories From The Outlands Cinematic Trailer Street Fighter V: Champion Edition – Rose Gameplay Trailer Zelda BOTW Pro Speedrunner and Combat Expert Reacts Battlefield 6's Murder Robot Rumor And Warzones Endgame Mass Effect Lore: The First Contact War Firearms Expert Reacts To Resident Evil 7’s Guns Another Excuse To Talk About Resident Evil Village's Lady Dimitrescu Genshin Impact 6 Months Later: Is It Still Good? American Horror Story: True Crimes That Inspired Roanoke
GameSpot may get a commission from retail offers.