Atlus, the well-known and incredibly popular gaming publisher has brought many a good game to loyal gaming fans all around the world with a particular interest in the more traditional role-playing games. However, the legacy that they have carefully built up over many years could now be under threat as Index Holdings, the company that acquired Atlus, is being investigated after having allegations of fraud leveled against it.
Index Holdings have filed for “rehabilitation” (a form of bankruptcy) due to approximately 24.5 billion yen ($249 million) of outstanding debt. “Rehabilitation” (financial) is apparently a very streamlined process in Japan. You can read precisely what that process involves here. Index Holdings has been accused of using illegitimate business practices in order to inflate sales figures. Continuing on with the bad news is the fact that company president and CEO Yoshimi Ochiai and board chairman Masami Ochiai wish to leave the company.
A sale would seemingly benefit Atlus as we wait to see how these allegations affect them as more is revealed. Hopefully, they will be fine and they can continue making great RPG games but this is a troubling time for the company.