Will Atlus be up for sale? Parent company Index Corp in dire straits

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The business of video games has been booming in recent years. However, with increasing costs of development and more competition than can be sustained, more than a few studios have shuttered (THQ being one of the most notable). Atlus is a company that thrives on its niche of hardcore, localized JRPGs. As far as I know, they’ve been doing okay, but news just hit that Atlus is in trouble thanks to its parent company Index Corp.

Unfortunately, Index Corp. has filed for “civil rehabilitation”, which is apparently a milder form of bankruptcy in Japan. Index Corp. is looking to find a sponsor in order to “do a business transfer before things get worse, damaging the value of the games division.” According to Japanator, they want to find a partner, or someone to buy them out.

The company recently came under investigation by the Japanese Securities and Exchange Commission for potentially illegal business practices. Yoshimi Ochiai, CEO of Index Corp., “apologized deeply” to shareholders.

Soon-to-be-released games like Dragon’s Crown will supposedly not be affected, but the long-term existence of Atlus IPs could be in jeopardy. Here’s hoping that if need be, someone like Nintendo (who now owns Monolith Soft and has published Dragon Quest in the West) or Square-Enix picks them up. It’d be a sad day if Atlus were to close forever, considering the important role they play in bringing over Japanese games.

Update: Kotaku received word from Atlus’ president, Naoto Hiraoka:
“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.”

If necessary, under whose care would you like to see Atlus go?
 
 
 
Source: Japanator, Kotaku
Via: Dtoid

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Ryan Southard
Ryan Southard 776 posts

Ryan Southard is a video game enthusiast, dissecting games down to their tiniest details. Whether it's new or it's old, as long as it's awesome, he'll play it. Follow him on Twitter at @Ryan_Southard <a href="http://nerdreactor.com/about/">Meet the Nerd Reactor Team</a>