Index Corporation, the parent company of Atlus, has filed for “civil rehabilitation” for bankruptcy protection. Polygon has the english summary of the original filing. They owe roughly $224 million to creditors.
Index Corporation states that its previous attempt to acquire businesses targeted at both domestic and international interests did not work as planned, while overseas acquisitions was particularly unsuccessful in creating the necessary increase in revenue to justify the purchase.
Atlus, most recently known for publishing Catherine, Dragon’s Crown, and the Game of Thrones RPG, has been in business since 1986. Index specified in their filing that Atlus is their most desirable holding and is optimistic that they will be able to restructure and continue.