Memento Mori: Atlus parent company files for bankruptcy


But what does it mean for Atlus?

[Update 2: According to their official press release (and NeoGAF mod duckroll's translation), Index realizes that the games division is the most desirable and profitable part of their business. They plan on seeking out and choosing a sponsor ASAP in order to do a business transfer before things get worse, damaging the value of the games division. Basically they want a partner, or at least somebody to just buy them out all together. -Elliot] 

[Update: Index has not so much filed for bankruptcy as "civil rehabilitation", a similar-but-different proceeding that should see the company continue to operate in some capacity while it reorganizes to minimize the damage. To use a hospital analogy, it's more like being taken to an intensive care unit, rather than the morgue.]

Well, this doesn't sound like good news. Index Corporation, the parent company of everyone's favorite MegaTen publisher, Atlus, has just filed for bankruptcy "civil rehabilitation" in Japan. The company previously made headlines when the Japanese Securities and Exchange Commission put it under investigation for shady business practices. CEO Yoshimi Ochiai "apologized deeply" to shareholders.

Of course, the immediate question on most nerds' minds is "What about Atlus?". That's a good question, considering Atlus is a wholly owned subsidiary of Index Corporation, the company behind Persona having been absorbed in 2011.

That said, as gamers have learned from the demise of publishers like THQ, big companies take a while to truly die (and legal filings like these are just the first step in the process). I'd doubt that current projects and upcoming releases under the Atlus brand (such as Dragon's Crown) will be affected. The real concern is for the future in the longer term, and the ultimate fate of Atlus' IP stable, not least of which is the Shin Megami Tensei brand and its associated franchises. 

We've contacted Atlus USA for comment and will update this story as word comes in. 

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Josh Tolentino
Josh TolentinoManaging Editor   gamer profile

Josh is Japanator's Managing Editor, and contributes to Destructoid as well, as the network's premier apologist for both Harem Anime and Star Trek: Voyager For high school reasons, he's called "u... more + disclosures



Filed under... #Atlus #industry affairs #japan #serious business #weird news



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