I’m Persona-lly hoping for a speedy, positive resolution
Last month we learned that Atlus parent company Index Corporation was in afiscal messdue to a debt of 2.45 billion yen andfraud investigationsand had entered“civil rehabilitation proceedings,” akin to American bankruptc.
According toBloomberg, with some help in translation fromMad Man’s Cafe, it seems Index will begin selling off its subsidiary operations. Bidding could start as early as next week and finish as quickly as September. As we guessed last month, it seems Index wants to get things done before any of its operations devalue amidst the turmoil — production could be impacted, employees could jump ship, etc. Settlements could reach as high as 15 billion yen, according to experts.
Index stock will be delisted on July 28.Atlus Japanrecently issued a statement on its website noting, “the development and sales of the Atlus brand as well as the consumer business will continue.” It also confirmed that regularly planned releases of various upcoming titles, likeDragon’s Crown, would be unaffected by the proceedings. Even next month’sPersonamusic festival in Japan is going as planned. Hopefully things keep moving smoothly.
Index corp. selling off its businesses [Mad Man’s Cafe,Bloomberg]
