(Japan) Update on Index Corporation’s Rehabilitation

Friday, July 5th, 2013

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Index Corporation

Last week, we reported that Index Corporation, owner of the video game brand Atlus, will be going through a streamlined version of bankruptcy called “Rehabilitation.” Today, we’ve received a number of new updates as Index continues to move forward.

First and foremost, Index’s application for Rehabilitation has been accepted by the Tokyo district court. The court has given the holdings company four months to carry out the proceedings, which will include searching for a sponsor for business transfers. Investment firm GCA Savvian has been appointed as the financial adviser for the search.

So far, a number of names have been thrown out as potential sponsors. Engadget Japan believes that it could come down to publishers Sega, Marvelous AQL, and GungHo, as well as social gaming companies GREE and DeNA. Remember, nothing has been confirmed; this is just speculation.

Index Corporation

In addition to all this news, Index has come out with a statement that the Atlus brand will continue with its current schedule. This means that games such as Shin Megami Tensei IV, Dragon’s Crown, and Etrian Odyssey Untold: The Millennium Girl will continue to be developed, localized, and distributed. It has also been confirmed that Index has been delisted from JASDAQ, a stock market run by the Osaka Securities Exchange that, though it has no affiliation with it, has similar trading systems to that of our NASDAQ market.

Thanks to Will Whitehurst for translating.

Sources: 1, 2

About Jeff Neuenschwander

Jeff has been a supporter of the website and campaign since the beginning. Joining in for E3 2012, he worked his way up the ranks quickly, making it to the Editing Manager post at the beginning of 2013. Jeff has a wide variety of tastes when it comes to gaming and pretty much likes anything that is quirky, although his favorite genres are Action, Platforming, and RPG. Outside of gaming, Jeff is a musician, being trained as a trombonist for Jazz and Classical music, and holds a degree in Sound Recording.

  • Johnson Cameron

    I hope Sega or GungHo can have them, personally this would fit well with their portfolio of not having any RPG’s slated for release and would help give them variety on game releases.

    • zeezee

      But SEGA doesn’t really develop (many) games anymore. If they bail them out, they’ll just consolidate them, take the IP, and have someone other than Atlus’ own teams make their games after they lay everyone off.

      Think of it from this perspective. Do you want Compile Heart or ImageEpoch to develop an SMT game? Because that’s would would happen if SEGA got their hands on Atlus and destroyed the brand, just as they ruin everything else.

    • John Ellis

      Actually if you look at the studios SEGA has acquired nothing about them has changed, Creative Assembly for instance continued making Total War games.

  • Coarse

    Strange that Nintendo’s apparently not interested, given Shin Megami Tensei x Fire Emblem and the general close relationship they’ve had with Atlus lately.

    • Johnson Cameron

      True, i just hope no one that wants to make mobile games only acquires Atlus.

    • Jeff Neuenschwander

      Well, those five were just companies that Engadget speculated could be in the running for Atlus. I’m certain both Nintendo and Sony have a vested interest in what happens, since both companies have exclusives coming to their consoles.

    • TwinTails


    • multibottler0cket

      It’d be pretty sweet if Nintendo stepped in. With Monolith, Intelligent Systems, and Atlus, they would have major RPG firepower.

  • John Ellis

    I hope if they are sold, Namco is the buyer.

  • Valkyria Chronicles 3 where?

    Ugh, not Sega. They don’t believe in localizing games. Worst possible partner for Atlus.

    • John Ellis

      Neither do Atlus unless you live in NA

    • Valkyria Chronicles 3 where?

      But I do live in NA

  • Nippon Ichi Software should buy Atlus.

  • Tim

    How the fck this happen to a company like ATLUS a company that make so many quality titles & their games r so well loved? :/ some1 at the higher places screw up can’t think of anything else.