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NeededSleep · Jun 13, 2013

Was it Index who was refusing to show their quarterly profits or something earlier this year? Or something along those lines?

If so.... fuck someone make an offer on atlus and get them the fuck out of there

duckroll · Jun 13, 2013

As the investigation continues, it seems that they've uncovered over 100 companies connected to this Index scandal. They are affiliate companies and business partners suspected of being part of the scheme to inflate the share price and accounts of Index via round tripping. The Securities and Exchange Surveillance Commission believes that Index has been carrying out this fraudulent scheme continuously and on a large scale for some time now.

Trading of Index shares have been suspended by the Osaka Stock Exchange since yesterday.

Curufinwe · Jun 13, 2013

TheBryanJZX90 said:
Man I can't believe I got that angry over someone else having a different opinion about a video game than me. That hasn't happened in like 15 years. Ha, that game brings me back.

Anyway yeah a couple of the remixes in P1 PSP were OK, as in the ones without vocals, but the brutal cuts to the tracklist and that goddamn lady singing gibberish in the battle music were unacceptable.

Ugh... flashbacks to playing P1 PSP... get into a battle... oh no, here it comes... "Keep laying on the coat rack / The hate rape fools just won't stop" WTF lady stop singing!

Haha. I think it's hate crazed fools, but I do think of it as the coat rack song.

Jubern · Jun 13, 2013

duckroll said:
As the investigation continues, it seems that they've uncovered over 100 companies connected to this Index scandal. They are affiliate companies and business partners suspected of being part of the scheme to inflate the share price and accounts of Index via round tripping. The Securities and Exchange Surveillance Commission believes that Index has been carrying out this fraudulent scheme continuously and on a large scale for some time now.

Trading of Index shares have been suspended by the Osaka Stock Exchange since yesterday.

That's... uh, pretty bad. I wonder how they'll get out of this. Assuming they can.

Glass Rebel · Jun 13, 2013

duckroll said:
As the investigation continues, it seems that they've uncovered over 100 companies connected to this Index scandal. They are affiliate companies and business partners suspected of being part of the scheme to inflate the share price and accounts of Index via round tripping. The Securities and Exchange Surveillance Commission believes that Index has been carrying out this fraudulent scheme continuously and on a large scale for some time now.

Trading of Index shares have been suspended by the Osaka Stock Exchange since yesterday.

Stay strong, Persona fans.

MrGummy · Jun 13, 2013

Horrible news.. the wait for P5 continues.

Magicpaint · Jun 13, 2013

duckroll said:
As the investigation continues, it seems that they've uncovered over 100 companies connected to this Index scandal. They are affiliate companies and business partners suspected of being part of the scheme to inflate the share price and accounts of Index via round tripping. The Securities and Exchange Surveillance Commission believes that Index has been carrying out this fraudulent scheme continuously and on a large scale for some time now.

Trading of Index shares have been suspended by the Osaka Stock Exchange since yesterday.

Ouch, this is getting real serious.

WrenchNinja · Jun 13, 2013

This seems really serious. Hope Atlus comes out okay.

djplaeskool · Jun 13, 2013

duckroll said:
As the investigation continues, it seems that they've uncovered over 100 companies connected to this Index scandal. They are affiliate companies and business partners suspected of being part of the scheme to inflate the share price and accounts of Index via round tripping. The Securities and Exchange Surveillance Commission believes that Index has been carrying out this fraudulent scheme continuously and on a large scale for some time now.

Trading of Index shares have been suspended by the Osaka Stock Exchange since yesterday.

Yikes.
That is legitimately serious.

tkscz · Jun 13, 2013

Kyon said:
Buy them plz Sony thanks

And make them Sony exclusive? I say neh!

Pooya · Jun 13, 2013

that sounds bad :|

Urban Scholar · Jun 13, 2013

duckroll said:
As the investigation continues, it seems that they've uncovered over 100 companies connected to this Index scandal. They are affiliate companies and business partners suspected of being part of the scheme to inflate the share price and accounts of Index via round tripping. The Securities and Exchange Surveillance Commission believes that Index has been carrying out this fraudulent scheme continuously and on a large scale for some time now.

Trading of Index shares have been suspended by the Osaka Stock Exchange since yesterday.

....aww damn folks it got bigger.

Aguirre · Jun 13, 2013

lordfroakie said:
Nintendo should save Atlus from Index!

No tyvm

Augemitbutter · Jun 13, 2013

wow, that sounds shady. i shouldn't be surprised seeing how they treated their long time fans with unique region locks.

FluxWaveZ · Jun 13, 2013

Guess fears expressed when Atlus was acquired by Index were substantiated.

fates · Jun 13, 2013

duckroll said:
As the investigation continues, it seems that they've uncovered over 100 companies connected to this Index scandal.

Are they likely to be named?

This seems like a pretty big scandal, and not just for Index.

2San · Jun 13, 2013

NeededSleep said:
Was it Index who was refusing to show their quarterly profits or something earlier this year? Or something along those lines?

Yup.

Verendus · Jun 13, 2013

Uh, this news comes at a really bad time.

Despera · Jun 13, 2013

duckroll said:
As the investigation continues, it seems that they've uncovered over 100 companies connected to this Index scandal. They are affiliate companies and business partners suspected of being part of the scheme to inflate the share price and accounts of Index via round tripping. The Securities and Exchange Surveillance Commission believes that Index has been carrying out this fraudulent scheme continuously and on a large scale for some time now.

Trading of Index shares have been suspended by the Osaka Stock Exchange since yesterday.

Oh man...

Can't positive think right now.

Lunar15 · Jun 13, 2013

Well shit...

Gintoki313 · Jun 13, 2013

I'm interested in what's happening here with Atlus but can't understand a thing there saying. Could someone plz put this in dumb terms for me, I'm not all that intellectual when it comes to financial matters.?

Chrono Helix · Jun 13, 2013

Was Atlus doing badly before Index picked them up?

Dinda · Jun 13, 2013

It would be such a great day when Sony rescues Atlus from Index.
I mean it's not like Atlus would ever release something on PC (or Europe) so i would be ok with having them only on Playstation.
And they are exactly the kind of Developer Sonys First Party is missing.

Lunar15 · Jun 13, 2013

Gintoki313 said:
I'm interested in what's happening here with Atlus but can't understand a thing there saying. Could someone plz put this in dumb terms for me, I'm not all that intellectual when it comes to financial matters.?

The company that owns Atlus, Index, has been caught doing some illegal activities with their accounting. Since the authorities are investigating the company, they've stopped their shares from being traded on the stock market.

There's no immediate effects to Atlus, but it's safe to say that the entire company is now in a holding pattern

Gintoki313 · Jun 13, 2013

Lunar15 said:
The company that owns Atlus, Index, has been caught doing some illegal activities with their accounting. Since the authorities are investigating the company, they've stopped their shares from being traded on the stock market.

There's no immediate effects to Atlus, but it's safe to say that the entire company is now in a holding pattern

Alright, thanks. At least now I understand.

Psycho_Mantis · Jun 13, 2013

What does this mean for Atlus? Anything severe?

Order · Jun 13, 2013

Viral marketing for the Persona 5 mystery case?

duckroll · Jun 13, 2013

Pyscho_Mantis said:
What does this mean for Atlus? Anything severe?

Impossible to tell for now. First the SESC's investigation has to conclude, then we'll know if there'll be charges against the executives, which ones, and then we see how the company responds, and how the shareholders react.

hidys · Jun 13, 2013

Pyscho_Mantis said:
What does this mean for Atlus? Anything severe?

At a guess likely in the long run another less dirty company will take control if Index is guilty, that or Atlus gets chopped up and its studios/ips get bought up. I suspect the former would be more likely.

Clockwork5 · Jun 13, 2013

mrjohill said:
Could index be shut down over this?

Not familiar with Japanese business law, but in the US a publicly held company cannot be "shut down" but can be monitarily punished which, as a result, can force them into bankruptcy.

However, the good news is that in the case of bankruptcy, the Atlus division would likely be sold to another publisher.

pirata · Jun 13, 2013

Is there any way anyone can check in on the Persona team to see if everything's going alright? Any Western journos or something?

Chunky · Jun 13, 2013

Lisa: Mom, is Index going to kill Atlus?
Marge: We'll just have to wait and see.

Tamanon · Jun 13, 2013

pirata said:
Is there any way anyone can check in on the Persona team to see if everything's going alright? Any Western journos or something?

I imagine the answers would be "We're not allowed to talk about anything"

ROBOKITTYZILLA · Jun 13, 2013

This is bad. I'm not sure if Atlus will make it out of this unscathed...

Refyref · Jun 13, 2013

Order said:
Viral marketing for the Persona 5 mystery case?

Robert at Zeboyd Games · Jun 13, 2013

TheBryanJZX90 said:
What?????? What????? Holy shit, I didn't know anyone could ever think that. I just... ugh. That song is a fucking travesty. Pretty much every single change to the P1 soundtrack was a fucking travesty, but that battle music is head and shoulders the worst thing that you could possibly do to that game.

I loved the P1P soundtrack. Then again, I wasn't a fan of most of the tracks in the original game (the battle music in the PS1 version is especially ear-rending).

The two butterfly songs (the intro & the world map theme) are especially good.

Stumpokapow · Jun 13, 2013

Augemitbutter said:
wow, that sounds shady. i shouldn't be surprised seeing how they treated their long time fans with unique region locks.

This is a really embarrassing post. No, it's not the case that a single arguably poor but also explainable decision by Atlus USA suggests that its parent company would be involved in massive and systematic stock fraud. I get it, you only entered the thread to grind your axe.

Jamix012 · Jun 13, 2013

Robert at Zeboyd Games said:
I loved the P1P soundtrack. Then again, I wasn't a fan of most of the tracks in the original game (the battle music in the PS1 version is especially ear-rending).

The two butterfly songs (the intro & the world map theme) are especially good.

Yeah, I vastly prefer the PSP one too *high five*

Amir0x · Jun 13, 2013

Man, I can't believe this. Atlus is like... one of my favorite game companies. Ever. If they die as a company, I'm going to be so gutted I'll be nearly despondent...

duckroll · Jun 13, 2013

Amir0x said:
Man, I can't believe this. Atlus is like... one of my favorite game companies. Ever. If they die as a company, I'm going to be so gutted I'll be nearly despondent...

Well, if you're concerned for the game development side of things, I'll say that personally I'll be very surprised if they "go under" so to speak without any future in the industry. The Atlus IPs are popular titles in Japan, and Persona in particular has pretty wide transmedia reach across the entertainment industry. The developers at Atlus are also very talented people with a long history in the industry. I think they'll pull through one way or another.

ShogunDarius · Jun 13, 2013

IMO the best company to buy Atlus would be NIS, they have a VERY good track record on getting games out to both the US and EU

Tamanon · Jun 13, 2013

As long as Square doesn't buy them.

I'd definitely be alright if Sony did though.

Glass Rebel · Jun 13, 2013

would be awesome if level-5 bought them

we could finally get the hino written persona game everybody wanted

(´ー`)y-~~

duckroll · Jun 13, 2013

Glass Rebel said:
would be awesome if level-5 bought them

we could finally get the hino written persona game everybody wanted

(´ー`)y-~~

I'm putting you on a list.

Aeana · Jun 13, 2013

duckroll said:
I'm putting you on a list.

The 'banned' list?

I'll support it.

Glass Rebel · Jun 13, 2013

i'll settle for imageepoch

Honestly though, when Index bought the controlling stake, were there any other companies publicly interested in Atlus?

Deleted member 13876 · Jun 13, 2013

Round trip glitch is broken. Nerf Vergil.

duckroll · Jun 13, 2013

Aeana said:
The 'banned' list?

I'll support it.

Don't you think that would be excessive? I don't think he deserv--

Glass Rebel said:
i'll settle for imageepoch

Fuck it. You're on THE list now.

kick51 · Jun 13, 2013

Amir0x said:
Man, I can't believe this. Atlus is like... one of my favorite game companies. Ever. If they die as a company, I'm going to be so gutted I'll be nearly despondent...

Don't worry, I'm sure Tecmo-Koei will swoop in and buy up their IPs and get Gust or Compile Heart to make Persona 5.

muahahahahaha

edit: fuck, i'm on a list now, aren't i. Just when I made it through E3

Glass Rebel · Jun 13, 2013

this is how i cope with the pain ducky

cant you see how i am suffering

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