Is Atlus Alright? This Is Sure Worrying. [UPDATE]

Illustration for article titled Is Atlus Alright? This Is Sure Worrying. [UPDATE]
Kotaku EastEast is your slice of Asian internet culture, bringing you the latest talking points from Japan, Korea, China and beyond. Tune in every morning from 4am to 8am.

Index, the parent company for Japanese game maker Atlus, just filed for what sounds like bankruptcy. The company is entering "civil rehabilitation proceedings" in order to cut off the corporate bloodletting before it becomes fatal. Geez.

Advertisement

NeoGAF user Mandoric has a good definition of Japanese Civil Rehabilitation Law that should help you understand the legalese.

This comes as Index is under investigation for shady business practices. Oh, there's a new Etrian Odyssey game out today, too.

Advertisement

民事再生手続開始の申立てに関するお知らせ [Index]

Update: We've received the following statement 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.

To contact the author of this post, write to bashcraftATkotaku.com or find him on Twitter @Brian_Ashcraft.

Kotaku East is your slice of Asian internet culture, bringing you the latest talking points from Japan, Korea, China and beyond. Tune in every morning from 4am to 8am.

Share This Story

Get our newsletter

DISCUSSION

better question to ask kotaku is exclusives taking its toll.. with square enix in trouble, with atlus in trouble, with a few other companies in trouble is exclusives now taking it toll because company wont reach out to masses instead of staying loyal to one system or plate form.. is this were all the closers coming from and should Sony and Xbox have exclusives from other 3erd part companys or should they only have exclusives when it comes down to company like microsoft should only have exclusive games when microsoft game company makes it or if sony made the game they can have exclusives on this system.. Loyality is nice but it comes with a price if your not willing to sell out now a days.. the only one company who has my heart when it come down to exclusives is nintendo.. Microsoft and sony is in another pond of its own!!