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Old 06-27-2013, 05:56 PM   #1
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Atlus in Financial Trouble

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Atlus has quickly become a powerhouse in the gaming world, bringing unique and clever titles to North American shores. The publisher is largely responsible for a renaissance of interest in traditional roleplaying games. Now, that legacy is in jeopardy.

Atlus' parent company, Index Holdings, has filed for "rehabilitation" (a form of bankruptcy) due to approximately 24.5 billion yen ($249 million) of outstanding debt. All corporate code is complex, but Japan's rehabilitation process is streamlined. Without going to far into the weeds, here are the details:

Debtor management can stay on to formulate a plan for recovery or liquidation
An interested party can prove management incompetence, leading to the appointment of a trustee to manage the process
There is no shareholder vote on a debt management plan(something that can bog down bankruptcies in the United States)
Creditors do get to vote on the plan
Rehabilitation typically takes about six months (in comparison to full corporate reorganization which takes approximately two years)
All of this would largely be good news for Atlus (and gamers) if it weren't for allegations of fraud levied against Index Holdings. According to Japan's NHK (via Crunchyroll), the company has been accused of inflating sales figures by way of illegitimate business transactions. This process, known as "window dressing" or round-tripping (selling to another company under an agreement to buy back the exact same number of units at the identical price) made it seem like far more copies were moved.

Additionally, company president and CEO Yoshimi Ochiai and board chairman Masami Ochiai have expressed interest in departing the company. Whether this will necessitate a trustee for the rehabilitation is unknown.

As for Atlus, a sale seems to be a logical assumption. How this will affect the publisher's localization efforts, it's trend of bonuses included in first-run copies, and the general fabric of roleplaying games in the West is a matter that only time will uncover. Atlus topped our list of Japanese RPG publishers to watch, and we hope they continue to have a place on it moving forward.

[Source: CNET Japan, Crunchyroll via NeoGAF]
SOURCE - http://www.gameinformer.com/b/news/a...ankruptcy.aspx
I hope to God that they get out of thid mess, because it's gonna suck if they're not around
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Old 06-27-2013, 06:15 PM   #2
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Wow, window dressing is what I suggested to my economics teacher as a way for the Government to trick other countries into investment by faking GDP. I had no idea had a name or, y'know, people actually did it D:

But yeah, hopefully they can sort this out. I still need Persona 5. ;-;
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Old 06-27-2013, 10:57 PM   #3
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Some good news, Their US branch is supposedly unaffected
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Old 06-27-2013, 10:57 PM   #4
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Atlus USA is contradicting that by saying that it is fine. In a statement issued to Kotaku, "Atlus USA head Naoto Hiraoka had this to say:

Currently, Index Digital Media, Inc. and the ATLUS brand are unaffected by the Index Corporation proceedings in Japan. We’re carrying on day-to-day activities, business as usual. Shin Megami Tensei IV and Dragon’s Crown are still releasing on July 16 and August 6 respectively, and we’re licensing and publishing third-party titles such as R.I.P.D: The Game and Daylight. We want to thank all of our fans for their outpouring of support."

Source: http://www.destructoid.com/atlus-usa...s-257160.phtml
and
http://kotaku.com/atlus-usa-says-the...nanc-603125225

We will see how this goes.
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Old 06-27-2013, 11:02 PM   #5
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Gonna be interesting to see how this all goes.
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Old 07-19-2013, 01:01 AM   #6
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Index Corporations(Parent company for Atlus) to begin selling its business operations
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Old 09-17-2013, 11:34 PM   #7
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Welp, I hope this doesn't mean their games won't get localized anymore

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Atlus will finally be under new ownership, according to reports from Nikkei (Nihon Keizai Shimbun), translated by Nintendo Everything. We previously reported that Sega expressed interest, among other suitors, in buying Atlus.

According to Nintendo Everything, Sega Sammy is in fact buying out Index Holdings entirely, which would simultaneously put the Persona developer in its stable. The 14 billion yen transaction is expected to be finalized in November.

Sega, remember what you did with Valkyria Chronicles 3? Don't do that anymore.
SOURCE - http://www.destructoid.com/sega-buyi...x-262028.phtml
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Old 09-18-2013, 12:28 AM   #8
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Color me surprised. Given Nintendo's support of Atlus lately, I thought they'd swoop in and them into a second-party dev. They should be in good hands at Sega, though.
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Old 09-18-2013, 07:52 AM   #9
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So long as Sega's other dev teams don't offer to help out with any of Atlus' projects, I'm fine.
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Old 09-18-2013, 08:01 AM   #10
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its not looking good ....

liquidating assets to make pay roll, bills, etc ...

if they pull out of this, they will be hit hard in the beginning but gradually climb up again ......

just have to make the smart moves now for it to work. if not, it was fun for the memory books =/
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