Atlus at risk after parent company announces bankruptcy
Zeno Clash publisher Atlus is at risk of sale or restructure following today's announcement that parent company Index has filed for civil rehabilitation proceedings as it faces bankruptcy.
According to a report from CNET, Index owes debts of ¥24.5 billion — roughly $224 million — and the company's president Ochiai Yoshimi has hinted at his resignation.
Index Corporation states that its previous attempt to acquire businesses targeted at both domestic and international interests did not work as planned, while overseas acquisitions was particularly unsuccessful in creating the necessary increase in revenue to justify the purchase.
We have contacted Atlus for comment and will update the post when more information is available.
According to a report from CNET, Index owes debts of ¥24.5 billion — roughly $224 million — and the company's president Ochiai Yoshimi has hinted at his resignation.
Index Corporation states that its previous attempt to acquire businesses targeted at both domestic and international interests did not work as planned, while overseas acquisitions was particularly unsuccessful in creating the necessary increase in revenue to justify the purchase.
We have contacted Atlus for comment and will update the post when more information is available.
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