Last month Atlus parent company Index Corporation filed for civil rehabilitation as they were facing bankruptcy due to a debt of ¥24.5 billion (around $224 million).
According to Bloomberg (translation by Mad Man’s Cafe), Index Corporation is planning to sell its subsidiary operations with initial bids beginning as early as next week. The reported reason for the quick sell is that it’s a strategic move to protect the value of its subsidiaries. According to experts the settlements could reach as high as ¥15 billion. Index stock is scheduled to be delisted from JASDAC on July 28th.
Atlus Japan recently issued a statement on its website to say that the development and sales of the Atlus brand “will continue”, and its upcoming titles including Dragon’s Crown will not be affected by these proceedings.