THE BORE

General => Video Game Bored => Topic started by: Great Rumbler on April 16, 2013, 09:03:46 AM

Title: Index Corporation [Atlus parent company] posts huge loss, is currently insolvent
Post by: Great Rumbler on April 16, 2013, 09:03:46 AM

Quote from: http://www.siliconera.com/2013/04/15/atluss-parent-company-index-holdings-is-in-debt/#20JAekOUu4lPwCUH.99

Index Corporation posted a significant loss for the second quarter. While they reached 5.65 billion yen ($58 million) in sales with games like Persona 4 Arena and Persona 4: Golden, Index posted a total loss of 2.263 billion yen ($27 million) for the second quarter of the fiscal year ending on August 31, 2013.

This loss left Index Corporation with 1.435 billion yen ($14.75 million) of debt for the end of the period. Index have not provided specifics surrounding the cause of their losses.

To fix this insolvency issue, Index will perform cost cutting measures such as reducing management personnel and reviewing the number of staff on hand. By doing this and increasing the amount of free cash flow, Index states they can pay back the debt.

On a scale of "Screwed" to "FUBAR," how bad is this?

Title: Re: Index Corporation [Atlus parent company] posts huge loss, is currently insolvent
Post by: archie4208 on April 16, 2013, 09:04:55 AM

But what will happen to my Fatlus games?  :uguu

Title: Re: Index Corporation [Atlus parent company] posts huge loss, is currently insolvent
Post by: Joe Molotov on April 16, 2013, 09:22:14 AM

Hopefully they got bought up by Sony and turned into a dedicated Vita developer.  :aah

Title: Re: Index Corporation [Atlus parent company] posts huge loss, is currently insolvent
Post by: Great Rumbler on April 16, 2013, 09:23:02 AM

Another developer that spurned the Wii/Wii U.  :jawalrus

Title: Re: Index Corporation [Atlus parent company] posts huge loss, is currently insolvent
Post by: MCD on April 16, 2013, 09:24:22 AM

http://www.neogaf.com/forum/showthread.php?t=540453

They are already working on cutting that loss!

Title: Re: Index Corporation [Atlus parent company] posts huge loss, is currently insolvent
Post by: Cerveza mas fina on April 16, 2013, 09:25:06 AM

Quote from: Great Rumbler on April 16, 2013, 09:23:02 AM

Another developer that spurned the Wii/Wii U.  :jawalrus

9/10

Title: Re: Index Corporation [Atlus parent company] posts huge loss, is currently insolvent
Post by: demi on April 16, 2013, 09:26:54 AM

More Etrian Odyssey and SMT re-hashes for us! Yay!

Title: Re: Index Corporation [Atlus parent company] posts huge loss, is currently insolvent
Post by: tiesto on April 16, 2013, 10:20:05 AM

Fuuuuuuuuuuuuuuuuuuuuuuuu~

Title: Re: Index Corporation [Atlus parent company] posts huge loss, is currently insolvent
Post by: Don Flamenco on April 16, 2013, 10:47:16 AM

Quote from: Great Rumbler on April 16, 2013, 09:03:46 AM

On a scale of "Screwed" to "FUBAR," how bad is this?

Shin Megami Tensei: Fucked In The Ass