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Atlus at risk after parent company announces bankruptcy (update)

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Zeno Clash publisher Atlus is at risk of sale or restructure following today's announcement that parent company Index has filed for civil rehabilitation proceedings as it faces bankruptcy.

According to a report from CNET, Index owes debts of ¥24.5 billion roughly $224 million and the company's president Ochiai Yoshimi has hinted at his resignation.

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.

Update: An Atlus representative offered the following statement from president and CEO Naoto Hiraoka to Polygon.

"Currently, Index Digital Media, Inc. and the ATLUS brand are unaffected by the Index Corporation proceedings in Japan. We're carrying on day-to-day activities, business as usual. Shin Megami Tensei IV and Dragon's Crown are still releasing on July 16 and August 6 respectively, and we're licensing and publishing third-party titles such as R.I.P.D: The Game and Daylight. We want to thank all of our fans for their outpouring of support."