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Publisher Atlus is facing sale or serious restricting following parent company Index’s filing for bankruptcy, CNET Japan reports.

Index owes debts of ¥24.5 billion—approximately $224 million—according to CNET. Their report also indicated that company president Ochiai Yoshimi might tender his resignation.

Atlus is described as the most desirable part of of Index’s business. The company is seeking a sponsor for the division in order to prevent damages to Atlus’ value.

EGM has reached out to Atlus for comment. As always, expect more on this story as it develops.

Update: EGM was able to get an official statement from Atlus president and CEO Naoto Hiraoka:

“Currently, Index Digital Media, Inc. and the ATLUS brand are unaffected by the Index Corporation proceedings in Japan. We’re carrying on day-to-day activities, business as usual. Shin Megami Tensei IV and Dragon’s Crown are still releasing on July 16 and August 6 respectively, and we’re licensing and publishing third-party titles such as R.I.P.D: The Game and Daylight. We want to thank all of our fans for their outpouring of support.”

[Update] Atlus Parent Company Announces Bankruptcy, Puts Publisher in Peril

By | 06/27/2013 01:21 PM PT

News

Publisher Atlus is facing sale or serious restricting following parent company Index’s filing for bankruptcy, CNET Japan reports.

Index owes debts of ¥24.5 billion—approximately $224 million—according to CNET. Their report also indicated that company president Ochiai Yoshimi might tender his resignation.

Atlus is described as the most desirable part of of Index’s business. The company is seeking a sponsor for the division in order to prevent damages to Atlus’ value.

EGM has reached out to Atlus for comment. As always, expect more on this story as it develops.

Update: EGM was able to get an official statement from Atlus president and CEO Naoto Hiraoka:

“Currently, Index Digital Media, Inc. and the ATLUS brand are unaffected by the Index Corporation proceedings in Japan. We’re carrying on day-to-day activities, business as usual. Shin Megami Tensei IV and Dragon’s Crown are still releasing on July 16 and August 6 respectively, and we’re licensing and publishing third-party titles such as R.I.P.D: The Game and Daylight. We want to thank all of our fans for their outpouring of support.”

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