Atlus’ parent company Index Holdings has declared bankruptcy at Tokyo District Court.
President Yoshimi Ochiai and Chairman Masami Ochiai intend to resign.
The Securities and Exchange Surveillance Commission of Japan have been investigating the company for allegedly improper accounting via fictitious transactions, specifically under the suspicious of exaggerating revenues using round-trip transactions.
Meanwhile, Atlus Japan said everything is still on track with their upcoming game releases. Etrian Odyssey Untold: The Millennium Girl was released today in Japan, and Dragon’s Crown is due out on July 25.