Update: Bloomberg has provided Game Informer with an instantaneous translation of its story on Atlus parent Index Corporation’s upcoming operations sale.

The facts which have emerged indicate that Index’s market value has plummeted from 6.8 billion yen ($67.7 million) at the day before the fraud probe was initiated to approximately 1.08 billion yen ($10.8 million). The corporate is looking for 15 billion in revenue from the sale. As we mentioned earlier, the company’s stock might be delisted. We’ve got also learned that company chairperson Masami Ochiai and CEO Yoshimi Ochiai will resign from their posts an afternoon before this happens. 

Atlus has not issued an announcement right now.

Original Story:

News has are available from Bloomberg’s Japanese outfit that things have gone from bad to worse for Atlus parent Index Corporation. The corporate will begin selling off its operations next week.

This follows a statement on the end of June that Index had filed for “rehabilitation” (a sort of bankruptcy) thanks to debt amounting to 24.5 billion yen ($249 million). The bankruptcy came at the heels of an investigation for “round tripping,” a mechanism where sales numbers are inflated to defraud investors.

Index shall be delisted from JASDAQ on July 28, and the corporate hopes to head quickly before its assets are devalued. The whole matter may be wrapped up as early as September. We’ve got reached out to Atlus for comment.

[Source: Bloomberg]

Our Take
When I wrote further analysis about this example within the June 29, 2013 weekly recap, I identified a lot of possible scenarios. One of the best case, during which Index recovers, is off the table.

This leaves three others, and until we all know for certain if Atlus’ games were occupied with the round tripping fraud, it’s hard to understand what is going to happen. My hope is that whomever picks up the publisher and its stable of excellent RPGs recognizes the corporate for its successes.

Atlus has only been picking up steam until now few years, and its certainly found a rhythm on handheld devices. While i might wish to see Persona 5 on a house console, immediately I’m more curious about getting it in any respect.