Atlus’ parent company files for bankruptcy
Index, the parent company of Atlus, has filed for civil rehabilitation proceedings as bankruptcy looms.
The financial issues impacting Index stem from its ¥24.5 billion (or $224 million) debt. Meanwhile, president Ochiai Yoshimi could be on the way out having hinted at his resignation.
Index had attempted to acquire businesses on the domestic and international levels, though these plans were unsuccessful. Compounding matters is the fact that its overseas acquisitions were not able to provide a jump in revenue to justify the purchase.
What impact could the situation have on Atlus, you ask? Either a resale or restructure could be in the company’s future – everything depends on what happens to Index.
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