Atlus Parent Company Files Bankruptcy - NewsWilliam D'Angelo, posted on 27 June 2013 / 5,176 Views
Atlus parent company, Index Corporation, has filed for civil rehabilitation proceedings, the Japanese equivalent to bankruptcy in the US, according to CNET Japan. The company owes owes ¥24.5 billion ($249 million) after several acquisitions went south.
The company did note that Atlus has been profitable and a success, following a press release. They are currently looking for a partner or sponsor for Atlus, so the game developer won't be affected.
Index Corporation posted a loss of ¥2.26 billion yen ($23 million) for its second fiscal quarter 2013. Siliconera is reporting that it left the company with ¥1.44 billion in debt that it has not been able to overcome.