Index Holdings to undergo "civil rehabilitation proceedings".
Index Holdings, the parent company of Japanese game developer Atlus (Shin Megami Tensei series), looks like it's in financial trouble.
According to a ), the company will be undergoing "civil rehabilitation proceedings" via the Tokyo District Court. After the proceedings, the company will then undergo a corporate restructuring. The total liability of the company is about 24.5 billion yen ($249 million) as of May 31.
Civil rehabilitation is the Japanese equivalent of bankruptcy proceedings, and is usually the step taken before a more serious corporate failure.
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