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Index (Atlus) under criminal investigation for fraudulent accounting

Was it Index who was refusing to show their quarterly profits or something earlier this year? Or something along those lines?


If so.... fuck someone make an offer on atlus and get them the fuck out of there
 
As the investigation continues, it seems that they've uncovered over 100 companies connected to this Index scandal. They are affiliate companies and business partners suspected of being part of the scheme to inflate the share price and accounts of Index via round tripping. The Securities and Exchange Surveillance Commission believes that Index has been carrying out this fraudulent scheme continuously and on a large scale for some time now.

Trading of Index shares have been suspended by the Osaka Stock Exchange since yesterday.
 
TheBryanJZX90 said:
Man I can't believe I got that angry over someone else having a different opinion about a video game than me. That hasn't happened in like 15 years. Ha, that game brings me back.

Anyway yeah a couple of the remixes in P1 PSP were OK, as in the ones without vocals, but the brutal cuts to the tracklist and that goddamn lady singing gibberish in the battle music were unacceptable.

Ugh... flashbacks to playing P1 PSP... get into a battle... oh no, here it comes... "Keep laying on the coat rack / The hate rape fools just won't stop" WTF lady stop singing!
Click to expand...

Haha. I think it's hate crazed fools, but I do think of it as the coat rack song.
 
duckroll said:
As the investigation continues, it seems that they've uncovered over 100 companies connected to this Index scandal. They are affiliate companies and business partners suspected of being part of the scheme to inflate the share price and accounts of Index via round tripping. The Securities and Exchange Surveillance Commission believes that Index has been carrying out this fraudulent scheme continuously and on a large scale for some time now.

Trading of Index shares have been suspended by the Osaka Stock Exchange since yesterday.
Click to expand...

That's... uh, pretty bad. I wonder how they'll get out of this. Assuming they can.
 
duckroll said:
As the investigation continues, it seems that they've uncovered over 100 companies connected to this Index scandal. They are affiliate companies and business partners suspected of being part of the scheme to inflate the share price and accounts of Index via round tripping. The Securities and Exchange Surveillance Commission believes that Index has been carrying out this fraudulent scheme continuously and on a large scale for some time now.

Trading of Index shares have been suspended by the Osaka Stock Exchange since yesterday.
Click to expand...

Stay strong, Persona fans.
 
duckroll said:
As the investigation continues, it seems that they've uncovered over 100 companies connected to this Index scandal. They are affiliate companies and business partners suspected of being part of the scheme to inflate the share price and accounts of Index via round tripping. The Securities and Exchange Surveillance Commission believes that Index has been carrying out this fraudulent scheme continuously and on a large scale for some time now.

Trading of Index shares have been suspended by the Osaka Stock Exchange since yesterday.
Click to expand...

Ouch, this is getting real serious.
 
duckroll said:
As the investigation continues, it seems that they've uncovered over 100 companies connected to this Index scandal. They are affiliate companies and business partners suspected of being part of the scheme to inflate the share price and accounts of Index via round tripping. The Securities and Exchange Surveillance Commission believes that Index has been carrying out this fraudulent scheme continuously and on a large scale for some time now.

Trading of Index shares have been suspended by the Osaka Stock Exchange since yesterday.
Click to expand...

Yikes.
That is legitimately serious.
 
duckroll said:
As the investigation continues, it seems that they've uncovered over 100 companies connected to this Index scandal. They are affiliate companies and business partners suspected of being part of the scheme to inflate the share price and accounts of Index via round tripping. The Securities and Exchange Surveillance Commission believes that Index has been carrying out this fraudulent scheme continuously and on a large scale for some time now.

Trading of Index shares have been suspended by the Osaka Stock Exchange since yesterday.
Click to expand...

....aww damn folks it got bigger.
 
duckroll said:
As the investigation continues, it seems that they've uncovered over 100 companies connected to this Index scandal. They are affiliate companies and business partners suspected of being part of the scheme to inflate the share price and accounts of Index via round tripping. The Securities and Exchange Surveillance Commission believes that Index has been carrying out this fraudulent scheme continuously and on a large scale for some time now.

Trading of Index shares have been suspended by the Osaka Stock Exchange since yesterday.
Click to expand...
Oh man...

Can't positive think right now.
 
I'm interested in what's happening here with Atlus but can't understand a thing there saying. Could someone plz put this in dumb terms for me, I'm not all that intellectual when it comes to financial matters.?
 
It would be such a great day when Sony rescues Atlus from Index.
I mean it's not like Atlus would ever release something on PC (or Europe) so i would be ok with having them only on Playstation.
And they are exactly the kind of Developer Sonys First Party is missing.
 
Gintoki313 said:
I'm interested in what's happening here with Atlus but can't understand a thing there saying. Could someone plz put this in dumb terms for me, I'm not all that intellectual when it comes to financial matters.?
Click to expand...

The company that owns Atlus, Index, has been caught doing some illegal activities with their accounting. Since the authorities are investigating the company, they've stopped their shares from being traded on the stock market.

There's no immediate effects to Atlus, but it's safe to say that the entire company is now in a holding pattern
 
Lunar15 said:
The company that owns Atlus, Index, has been caught doing some illegal activities with their accounting. Since the authorities are investigating the company, they've stopped their shares from being traded on the stock market.

There's no immediate effects to Atlus, but it's safe to say that the entire company is now in a holding pattern
Click to expand...

Alright, thanks. At least now I understand.
 
Pyscho_Mantis said:
What does this mean for Atlus? Anything severe?
Click to expand...

Impossible to tell for now. First the SESC's investigation has to conclude, then we'll know if there'll be charges against the executives, which ones, and then we see how the company responds, and how the shareholders react.
 
mrjohill said:
Could index be shut down over this?
Click to expand...

Not familiar with Japanese business law, but in the US a publicly held company cannot be "shut down" but can be monitarily punished which, as a result, can force them into bankruptcy.

However, the good news is that in the case of bankruptcy, the Atlus division would likely be sold to another publisher.
 
Is there any way anyone can check in on the Persona team to see if everything's going alright? Any Western journos or something?
 
Order said:
Viral marketing for the Persona 5 mystery case?
Click to expand...

DuckrollIndexTip.PNG
 
TheBryanJZX90 said:
What?????? What????? Holy shit, I didn't know anyone could ever think that. I just... ugh. That song is a fucking travesty. Pretty much every single change to the P1 soundtrack was a fucking travesty, but that battle music is head and shoulders the worst thing that you could possibly do to that game.
Click to expand...

I loved the P1P soundtrack. Then again, I wasn't a fan of most of the tracks in the original game (the battle music in the PS1 version is especially ear-rending).

The two butterfly songs (the intro & the world map theme) are especially good.
 
Augemitbutter said:
wow, that sounds shady. i shouldn't be surprised seeing how they treated their long time fans with unique region locks.
Click to expand...
This is a really embarrassing post. No, it's not the case that a single arguably poor but also explainable decision by Atlus USA suggests that its parent company would be involved in massive and systematic stock fraud. I get it, you only entered the thread to grind your axe.
 
Man, I can't believe this. Atlus is like... one of my favorite game companies. Ever. If they die as a company, I'm going to be so gutted I'll be nearly despondent...
 
Amir0x said:
Man, I can't believe this. Atlus is like... one of my favorite game companies. Ever. If they die as a company, I'm going to be so gutted I'll be nearly despondent...
Click to expand...

Well, if you're concerned for the game development side of things, I'll say that personally I'll be very surprised if they "go under" so to speak without any future in the industry. The Atlus IPs are popular titles in Japan, and Persona in particular has pretty wide transmedia reach across the entertainment industry. The developers at Atlus are also very talented people with a long history in the industry. I think they'll pull through one way or another.
 
i'll settle for imageepoch




Honestly though, when Index bought the controlling stake, were there any other companies publicly interested in Atlus?
 
Amir0x said:
Man, I can't believe this. Atlus is like... one of my favorite game companies. Ever. If they die as a company, I'm going to be so gutted I'll be nearly despondent...
Click to expand...



Don't worry, I'm sure Tecmo-Koei will swoop in and buy up their IPs and get Gust or Compile Heart to make Persona 5.


muahahahahaha


edit: fuck, i'm on a list now, aren't i. Just when I made it through E3 :(
 
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