Pages: [1] 
|
 |
|
 Author
|
Topic: Atlus' parent company under fraud investigation? (Read 2425 times)
|
Fabricated
Moderator
Posts: 8978
~Living the Dream~
|
http://www.crunchyroll.com/anime-news/2013/06/12-1/atlus-parent-company-index-corporation-under-fraud-investigationJapan's NHK is reporting that Index Corporation, parent company of video game developer Atlus, has had its corporate offices raided as well as the residency of the company chairman on Wednesday after an initial investigation by the Japanese Securities and Exchange Surveillance Commission concluded that company staff had committed fraudulent business transactions between it and various companies to maintain the illusion of stability for the conglomerate itself, by inflating video and mobile game sales numbers to levels far above their actual quantity sold in a business practice called "window dressing", or round-trip transactions. More in the actual article. Well, that sucks.
|
|
|
|
« Last Edit: June 13, 2013, 10:19:18 AM by Fabricated »
|
|
"The world is populated in the main by people who should not exist." - George Bernard Shaw
|
|
|
Paelos
Contributor
Posts: 27075
Error 404: Title not found.
|
Yikes. That's...wow, people can end up going to jail for that.
|
CPA, CFO, Sports Fan, Game when I have the time
|
|
|
Yegolev
Moderator
Posts: 24440
2/10 WOULD NOT INGEST
|
Sheesh, not Atlus. They brought me so many good times.
|
Why am I homeless? Why do all you motherfuckers need homes is the real question.
They called it The Prayer, its answer was law
Mommy come back 'cause the water's all gone
|
|
|
|
Goreschach
Terracotta Army
Posts: 1546
|
Sheesh, not Atlus. They brought me so many good times.
Not Atlus, their parent company. This could cause delays for them, but I doubt it means much will happen. Even if Index goes belly up, holdings like Atlus usually get purchased by some big publisher when the parent dies. |
|
|
|
|
schild
Administrator
Posts: 60350
|
but but shin megami tensei and person :(
i don't want square versions
poop
|
|
|
|
|
|
Goreschach
Terracotta Army
Posts: 1546
|
Does sqeenix even have the money to buy more developers at this point?
|
|
|
|
|
Fabricated
Moderator
Posts: 8978
~Living the Dream~
|
Updated the title. My bad on that; wasn't trying to make it sound worse than it is. Not great news all the same.
|
"The world is populated in the main by people who should not exist." - George Bernard Shaw
|
|
|
Yegolev
Moderator
Posts: 24440
2/10 WOULD NOT INGEST
|
Unless Atlus can stand up on its own, I foresee bad things. Maybe even if they can, depending on the business acumen.
|
Why am I homeless? Why do all you motherfuckers need homes is the real question.
They called it The Prayer, its answer was law
Mommy come back 'cause the water's all gone
|
|
|
Fabricated
Moderator
Posts: 8978
~Living the Dream~
|
Well someone could always swoop in and buy them out. If that's good or bad depends entirely on who does however.
|
"The world is populated in the main by people who should not exist." - George Bernard Shaw
|
|
|
Yegolev
Moderator
Posts: 24440
2/10 WOULD NOT INGEST
|
Trying to see the best outcome.  |
Why am I homeless? Why do all you motherfuckers need homes is the real question.
They called it The Prayer, its answer was law
Mommy come back 'cause the water's all gone
|
|
|
veredus
Terracotta Army
Posts: 521
|
Well someone could always swoop in and buy them out. If that's good or bad depends entirely on who does however.
EA presents Ogre Battle: Madden Edition |
|
|
|
|
koro
Terracotta Army
Posts: 2307
|
And bankrupt: http://www.neogaf.com/forum/showthread.php?t=605566https://www.release.tdnet.info/inbs/...0627078929.pdfThis is the official press release sent out announcing their civil restructuring. There's a lot of legal speak in it, but further down one of the important sections is their outlook for the situation. It states that the game division is clearly the most desirable and functional part of Index's business, and that's one area they plan on expanding on specifically. They will seek out and select a sponsor as soon as possible to conduct a business transfer before the situation further damages the value of this core business. Sounds like they're looking for a partner or a straight buy-out. |
|
|
|
|
HaemishM
Staff Emeritus
Posts: 42666
the Confederate flag underneath the stone in my class ring
|
Let's please hope it's someone with fiscal sense and a hands-off approach. And money. Someone not named EA, Activision or Squeenix.
|
|
|
|
Fabricated
Moderator
Posts: 8978
~Living the Dream~
|
Or Zynga  |
"The world is populated in the main by people who should not exist." - George Bernard Shaw
|
|
|
Paelos
Contributor
Posts: 27075
Error 404: Title not found.
|
Let's please hope it's someone with fiscal sense and a hands-off approach. And money. Someone not named EA, Activision or Squeenix.
I'm actually hoping for Activision. |
CPA, CFO, Sports Fan, Game when I have the time
|
|
|
Margalis
Terracotta Army
Posts: 12335
|
EA presents Ogre Battle: Madden Edition
OB is owned by S-E. |
vampirehipi23: I would enjoy a book written by a monkey and turned into a movie rather than this.
|
|
|
|
Pages: [1] 
|
|
|
 |
