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Update 2:

Originally Posted by duckroll

Important post

https://www.release.tdnet.info/inbs/...0627078929.pdf

This is the official press release sent out announcing their civil restructuring. There's a lot of legal speak in it, but further down one of the important sections is their outlook for the situation. It states that the game division is clearly the most desirable and functional part of Index's business, and that's one area they plan on expanding on specifically. They will seek out and select a sponsor as soon as possible to conduct a business transfer before the situation further damages the value of this core business.

Sounds like they're looking for a partner or a straight buy-out.


Update 1:

Originally Posted by duckroll

http://japan.cnet.com/news/business/35033951/

Index will undergo civil rehabilitation proceedings. Yup, they're going bankrupt and they're going to be restructured by creditors it looks like. RIP.

Originally Posted by slaughterking

Justin Epperson ‏@sprsk 7m
Index holdings just announced they are going bankrupt: http://j.mp/14yXH7U Maybe there's a Dragon's Crown curse?


https://twitter.com/sprsk/status/350164804150886400

Last edited by ULTROS!; 06-27-2013 at 11:41 AM.
ILoveBish
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(06-27-2013, 10:22 AM)
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I wonder if sony will buy them?
Soriku
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(06-27-2013, 10:23 AM)
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Oh shit...what now?
V_Ben
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(06-27-2013, 10:23 AM)
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Ok, so what does this mean for Atlus then? Do they get spun off into a separate thing? Does somebody buy them?
Foshy
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(06-27-2013, 10:23 AM)
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Oh shit.

How does this affect Atlus exactly?
witchedwiz
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(06-27-2013, 10:23 AM)
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shit just got real....
RyougaSaotome
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(06-27-2013, 10:23 AM)
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Yup. All the major JP blogs are reporting this as well. All the Japanese artists/animators/developers I follow on Twitter have been going on about it for the past ten minutes.

RIP Index.
Mpl90
Two copies sold? That's not a bomb guys, stop trolling!!!
(06-27-2013, 10:23 AM)
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So, what's going to happen to Atlus, now?
Silky
(06-27-2013, 10:23 AM)
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Before we panic...
Jonnyram
(06-27-2013, 10:23 AM)
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Assuming Dragon's Crown will still be safe, since retailers have probably put in their orders by now (i.e. put cash down), but anything after that is pretty much up in the air :(

Hope they find some help!
JordanKZ
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(06-27-2013, 10:23 AM)
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Incoming death of Persona 5 :(
Kyon
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(06-27-2013, 10:23 AM)
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im SCREAMING..


Sony plz
Kazuma Kiryu
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(06-27-2013, 10:24 AM)
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:(
Hours Left
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(06-27-2013, 10:24 AM)
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Sell Atlus please. (I know it's not a separate company anymore, but just sell the assets and IPs to a company that isn't run by crooks.)

And if any of the big three are getting Atlus, it'll be Nintendo. They are gonna make that power move.
AniHawk
Cranky. Very cranky.
Rather sarcastic to boot.
(06-27-2013, 10:24 AM)
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that is fucking crazy. will be an interesting day tomorrow.

Originally Posted by Jonnyram

Assuming Dragon's Crown will still be safe, since retailers have probably put in their orders by now (i.e. put cash down), but anything after that is pretty much up in the air :(

Hope they find some help!

i assume nintendo will force fe x smt through considering the fe part of that equation.
AuthenticM
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(06-27-2013, 10:24 AM)
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I hope Atlus gets out of it intact.
witchedwiz
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(06-27-2013, 10:24 AM)
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microsoft could go and snap in atlus....
i hope not, so sony do eet!
Refyref
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(06-27-2013, 10:25 AM)
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I wonder, will Index sell their game division as a whole, or sell the IPs in parts.
SolidSnakex
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(06-27-2013, 10:25 AM)
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Originally Posted by CountChocula

I wonder if sony will buy them?

GungHo seems much more likely.
Coldnoodle
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(06-27-2013, 10:25 AM)
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Originally Posted by Kyon

im SCREAMING..


EA plz

Indeed.
Chrono Helix
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(06-27-2013, 10:25 AM)
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NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO OOOOOOOOOOOOOOOOOOOOOO
HeelPower
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(06-27-2013, 10:25 AM)
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WHAT ??? What does this mean ? Terrible news to say the least.
Kyon
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(06-27-2013, 10:25 AM)
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Originally Posted by witchedwiz

microsoft could go and snap in atlus....
i hope not, so sony do eet!

MS dont care about Atlus lol

Maybe Scamco or GungHo
richisawesome
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(06-27-2013, 10:25 AM)
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Imagine if Nintendo bought them?

I mean, they already have Fire Emblem x SMT on the way, haven't they?
EXPzero
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(06-27-2013, 10:25 AM)
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hhhm.. :(
Silky
(06-27-2013, 10:25 AM)
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According to wiki [take this with a grain of salt please.], Index Holdings operates Atlus under the Atlus brand.

Soo...this could be bad.

Let Atlus be independent pls
V_Ben
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(06-27-2013, 10:25 AM)
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Originally Posted by SolidSnakex

GungHo seems much more likely.

Good call. Then they have a pretty good selling RPG series, and a bunch of old games to make money on too.
mao2
Member
(06-27-2013, 10:26 AM)
Ack! What will become of Dragon's Crown? I hope it doesn't get cancelled.
JaseC
gave away the keys to the kingdom.
(06-27-2013, 10:26 AM)
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Should have made P4A region-free. :p
catmincer
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(06-27-2013, 10:26 AM)
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Wait for Gungho to buy them. *shudder*
Parallax
best seen in the classic "Shadow of the Beast"
(06-27-2013, 10:26 AM)
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Originally Posted by SolidSnakex

GungHo seems much more likely.

i hope so. atlus needs to remain a 3rd party
Mpl90
Two copies sold? That's not a bomb guys, stop trolling!!!
(06-27-2013, 10:26 AM)
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Seriously, can someone tell us what does it mean for Atlus? It's too relevant, we must know abotu them ;_;
Kyon
Banned
(06-27-2013, 10:26 AM)
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Originally Posted by Coldplay619

Indeed.

filth

id rather they let the series be put to pasture than this
Zulithe
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(06-27-2013, 10:26 AM)
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Alright Sony, let's do this. Vita exclusives out the wazoo.
NateDrake
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(06-27-2013, 10:27 AM)
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Originally Posted by richisawesome

Imagine if Nintendo bought them?

I mean, they already have Fire Emblem x SMT on the way, haven't they?

True. Wouldn't mind Nintendo buying them, but we don't know the exacts of what is happening.
Refyref
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(06-27-2013, 10:27 AM)
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Before everyone starts begging for their favorite corporation to buy the game division, bear in mind that is extremely unlikely, and would probably hurt them.
Mozendo
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(06-27-2013, 10:27 AM)
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Originally Posted by mao2

Ack! What will become of Dragon's Crown? I hope it doesn't get cancelled.

It's pretty much done now since it's coming out next month. It won't get cancelled.
Smedwicks
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(06-27-2013, 10:27 AM)
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Originally Posted by Gunloc

Sell Atlus please. (I know it's not a separate company anymore, but just sell the assets and IPs to a company that isn't run by crooks.)

And if any of the big three are getting Atlus, it'll be Nintendo. They are gonna make that power move.

I can't quite see Nintendo doing that.

And boy, I could see a lot of outrage if that did happen.
Kyon
Banned
(06-27-2013, 10:27 AM)
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Originally Posted by Zulithe

Alright Sony, let's do this. Vita exclusives out the wazoo.

Atlus already has Vita games tho coming :p
richisawesome
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(06-27-2013, 10:28 AM)
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Originally Posted by Smedwicks

I can't quite see Nintendo doing that.

And boy, I could see a lot of outrage if that did happen.

It would be the bayonetta 2 outcry times infinity.
Matts Legacy
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(06-27-2013, 10:28 AM)
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I knew this was going to happen....

ambientmystic
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(06-27-2013, 10:28 AM)
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Originally Posted by Refyref

Before everyone starts begging for their favorite corporation to buy the game division, bear in mind that is extremely unlikely, and would probably hurt them.

Hurt who? The company that buys them has a stable of game franchises ready to go lol, to the detriment of the others.

It can only help them.
TurnipFritters
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(06-27-2013, 10:28 AM)
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All that will happen is that they'll undergo "reorganization" and then it'll be business as usual. Japanese bankruptcy laws are Neat Like That. Whether or not this will have an actual impact on Atlus is unknown, but it is unlikely.

...well, I guess they might start pumping out Persona games on a yearly basis.
AniHawk
Cranky. Very cranky.
Rather sarcastic to boot.
(06-27-2013, 10:28 AM)
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Originally Posted by NateDrake

True. Wouldn't mind Nintendo buying them.

nintendo won't be buying them. i don't think sony would either.

tecmo-koei might be a large-ish company that could do it. maaaaaaybe konami? the only rpg franchise they sorta have is dragon's dogma.
Burgess_101
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(06-27-2013, 10:28 AM)
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what does this mean for Persona? I only just got into it and the game is like crack.
Hours Left
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(06-27-2013, 10:29 AM)
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Originally Posted by Smedwicks

I can't quite see Nintendo doing that.

And boy, I could see a lot of outrage if that did happen.

They seem to be getting pretty chummy with the Shin Megami Tensei series lately.

It would be quite the boon for them IMO.

Originally Posted by AniHawk

nintendo won't be buying them. i don't think sony would either.

tecmo-koei might be a large-ish company that could do it. maaaaaaybe konami? the only rpg franchise they sorta have is dragon's dogma.

Both interpretations of this quote would be horrible. Neither of them should be concerning themselves with Atlus when they can't even get their actual RPG series in order, let alone anything else.
Kyon
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(06-27-2013, 10:29 AM)
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Originally Posted by AniHawk

nintendo won't be buying them. i don't think sony would either.

tecmo-koei might be a large-ish company that could do it. maaaaaaybe konami? the only rpg franchise they sorta have is dragon's dogma.

thats capcom

Originally Posted by Gunloc

They seem to be getting pretty chummy with the Shin Megami Tensei series lately.

It would be quite the boon for them IMO.

oh god
catmincer
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(06-27-2013, 10:29 AM)
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Originally Posted by AniHawk

nintendo won't be buying them. i don't think sony would either.

tecmo-koei might be a large-ish company that could do it. maaaaaaybe konami? the only rpg franchise they sorta have is dragon's dogma.

Heh heh heh. They also have breath of fire ;)
LTWheels
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(06-27-2013, 10:29 AM)
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If they are sold, please be to someone who has the finances to set up an European office.
Mandoric
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(06-27-2013, 10:29 AM)
To quote a market research firm's English-language FAQ about the procedure...

Originally Posted by Teikoku Databank

Civil Rehabilitation Law
The Civil Rehabilitation Law was introduced in April 2000, replacing the Composition Law. The Civil Rehabilitation Law may be applied to all corporations and individuals, including joint stock companies, limited liability companies, medical corporations and educational corporations. The purpose of the Civil Rehabilitation Law is rapid rehabilitation before a corporate failure becomes more serious. The party applying the Law is normally an obligor. A creditor may also apply, however. The management rights rest with the former management in principle. However, there are cases in which a supervision order (supervision committee members are selected and given guardianship over a business owner) or an administration order (an administrator is selected and appointed and manages the business in place of the business owner) may be issued based on an application of an interested person or the official power of a court. The approval of a rehabilitation plan requires the approval of a majority of creditors present owed half or more of the amount of reported credits. If the approval of creditors with three fifths or more of reported credits is obtained, a procedure to investigate and determine credits may be omitted (simple rehabilitation). If approved by all of notified creditors, approval for a plan can be obtained immediately (approved rehabilitation).

The tl;dr is that it's definitely a reorganization, rather than liquidation or absorption. Index will continue operating, under the ownership of some combination of current management and current creditors. Think, say, GM or Chrysler.

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