Index Corporation [Atlus parent company] posts huge loss, is currently insolvent

[Great Rumbler]

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?

[archie4208]

But what will happen to my Fatlus games? 

[Joe Molotov]

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

[Great Rumbler]

Another developer that spurned the Wii/Wii U. 

[MCD]

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

They are already working on cutting that loss!

[Cerveza mas fina]

Another developer that spurned the Wii/Wii U. 

9/10

[demi]

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

[tiesto]

Fuuuuuuuuuuuuuuuuuuuuuuuu~

[Don Flamenco]

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

Shin Megami Tensei: Fucked In The Ass