The lights are on
Update: Bloomberg has provided Game Informer with a direct translation of its story on Atlus parent Index Corporation's upcoming operations sale.
The facts that have emerged indicate that Index's market value has plummeted from 6.8 billion yen ($67.7 million) on the day before the fraud probe was initiated to approximately 1.08 billion yen ($10.8 million). The company is seeking 15 billion in revenue from the sale. As we mentioned earlier, the company's stock will be delisted. We have also learned that company chairperson Masami Ochiai and CEO Yoshimi Ochiai will resign from their posts a day before this occurs.
Atlus has not issued a statement at this time.
News has come in from Bloomberg's Japanese outfit that things have gone from bad to worse for Atlus parent Index Corporation. The company will begin selling off its operations next week.
This follows an announcement at the end of June that Index had filed for "rehabilitation" (a form of bankruptcy) due to debt amounting to 24.5 billion yen ($249 million). The bankruptcy came on the heels of an investigation for "round tripping," a mechanism in which sales numbers are inflated to defraud investors.
Index will be delisted from JASDAQ on July 28, and the company hopes to move quickly before its assets are devalued. The entire matter could be wrapped up as early as September. We have reached out to Atlus for comment.
[Source: Bloomberg via Destructoid]
Our TakeWhen I wrote further analysis about this situation in the June 29, 2013 weekly recap, I identified a number of possible scenarios. The best case, in which Index recovers, is off the table.
This leaves three others, and until we know for certain if Atlus' games were involved in the round tripping fraud, it's hard to know what's going to happen. My hope is that whomever picks up the publisher and its stable of fantastic RPGs recognizes the company for its successes.
Atlus has only been picking up steam in the past few years, and its certainly found a rhythm on handheld devices. While I would prefer to see Persona 5 on a home console, right now I'm more concerned about getting it at all.
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Its not fair. Its just not f*cking fair man.
Really hope that Atlus can go off and be successful on their own but if not I hope the new owner(s) understand Atlus's position in the Japanese game market and let them work mostly autonomously.
I am certain Atlus will get picked up. At the very least, somebody will pick up the Persona and Shin Megami Tensei properties. They may not be smash hits at the level of Mass Effect and Final Fantasy, but those games are legends, and their fans are some of the most loyal in the industry. Whatever happens, I am sure that there will be more SMT and Persona games. It's just a question of whether they'll be of the same quality that we're used to.
My god, I hope nothing but the best for Atlus. Like seriously, I want that Persona 5 damn it! (And on console preferably). I'd prefer for Atlus to go solo, but if they do get picked up, I hope it's Sony. Microsoft would certainly put Atlus's hits on console, but I quite frankly don't trust Microsoft. Nintendo worries me a bit, I mean a Persona 5 on Wii U would be fine, but there's always the possiblty they'd stick it on their 3DS (like SMT4). As far as third party publishers, Square-Enix or Eidos would be fine as long as Atlus gets full creative control. What I want to know, how will this predicament affect Atlus as a publisher themselves?
this honestly makes me worry, i can't picture any of the big name companies doing right by atlus honestly , maybe smaller ones like natsume but ...idk
Now I am sad. I can't even imagine a world where Atlus doesn't make Persona...
I want Persona 5 on console too. PS3, 360, Ps4, xbox one.. anything!.. wii u?
This is very worrisome.