Atlus in Dire Straits, Huge Loss Forecast
- Categories: Games, News
- Date: Mar 12, 2009 01:00 JST
- Tags: Arcade Gaming, Atlus, Business, Persona, RPG, Shin Megami Tensei
Quality RPG producer Atlus, best known for the blockbuster Megami Tensei series, is in dire financial straits, and has forecast huge losses as a result of worsening financial performance and the disposal of one of its failing lines of business.
For the accounting period ending in July, 2009, the company has revised its forecast performance from a profit of ¥100 million ($1 million) to a loss of ¥2.400 billion ($24 million). Their last reported results were a profit of ¥500 million.
Their stock has been falling precipitously as a result.
Looking at their financial reports, much of the loss appears to be of an extraordinary nature, stemming from their withdrawal from arcade-type games, where by their own admission things had not been going well.
Overall sales forecasts are also down however, with a reduction to ¥20 billion, an 11% reduction. Their estimate of pre-tax operating profit has been slashed 72%, to a mere ¥400 million.
Via Sakura Financial News. You can read the report here.
The extreme nature of their projected loss appears to stem from their withdrawal from certain markets, so it may be that their core business of video games is not in mortal danger, although the reduction in ordinary profits and sales seems to suggest that they may be in even deeper trouble.
Fans will doubtless be hoping that they stabilise matters quickly…
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They make great games hope they can pull it together.
What happened with all this bad news??
The sales didn't performed? Where's the fans??
Or are you Atlus to greedy?? It's the financial statistic didn't met the projected profit margin??
>.<
Oh, HELL NO.
Dear Global Recession: SPARE ATLUS! TAKE ANYBODY BUT ATLUS!
TAKE ACTIVISION INSTEAD!
Yeah, no kidding!
Agreed.
Make that EA...
I vote THQ.
I vote blizzard, maybe they'll take the WoW servers down XD
whoa, i would vote for activision too xD
Take EA! especially EA Sport section.
We can go out in the open and play sports ourselves.
Yeah EA! we don't need the Sims!
We have our REAL life ! XD
Atlus mostly publishes, so it shouldnt be too difficult for them to continue on. Just have to be more frugal with the games they acquire publishing rights to. Not like they drop millions on dev fees all the time like most studios.
Or, they could just finance a new fucking Ogre Battle game. Whatever works.
^That second-to-last sentence. Right there.
Double Plus Agreed.
Damn, that sucks.
Well I'll be buying The Dark Spire, so there's $30 USD for them <.<
Persona 5 with Bro-dating will save them!
this is depressing news but i know that Atlus will get pass this ordeal ^^
A world bereft of Shin Megami Tensei is like a world without hot dogs. I just can't imagine it without either of them.
Bad analogy, I know. But I hope Atlus gets back on its feet and doesn't resort to a merger. At least they didn't make a bad movie that would sink them further.
I'd love to help out, but I only play PC games.
Broaden your interests.
I myself, mainly play PC games as well, but I do enjoy a good console game every once in a while.
Hell, I enjoy ANY game as long as it's fun.
Except most casual shit.
monayss is most likely teh problem ma frienz XD
missed out one good generation of console gaming O_Q
wow, thats a shocker. I thought they were doing well because of the shin megami tensei games, the trauma center games, all of those RPG games on the DS, and the anime, persona: trinity soul.
Persona 5 with ero...
FUND IT.
..and playable LOLI.
I support this idea wholeheartedly, GET ON IT ATLUS!! And i really hope they dont go under before it happens :x
*inserts coins into chie's special pocket and keeps on rubbing* . .oh so flushed you are now
I'll do my bit, pre-ordered P4, can't wait for Friday to come round.
Not getting it until Friday? Ouch.
I underestimate how poorly game companies treat their European market.
there's a European market?
theres a place called europe?
i sure hope there game division isn't seriously affected, i love all there disgaea and persona games.
FACT: Atlus's only involvement with the Disgaea series was localization on the first one. The second and third were localized by the developer, Nippon Ichi. (Their American subsidiary, but whateever.)
i think that's part of the problem, that more and more japanese companies set up their own american companies to sell games.
And nothing of value was lost.
And bullshit RPG companies like Square-Enix are still okay? This world is an eyesore, disappear, etc.
At least that new Raidou Kuzunoha and P1 remake is out soon, I'll be all over those on US release date.
what bullshit you talking about?
Squeenix. That bullshit.
theres nothing a mmo cant fix
i can smell a reality show
hmmmm persona online, i'd play it
There is a SMT online.
They are the only serious US publishers of Japanese RPG to US market, so if they tank, it's pretty means no more RPG for me, and we all know how good US-made RPG is....(certain variable, moonwalking in the air character from nuclear Apocalypse comes to mind) Shudder in terror.
This is bad news. I really love ATLUS games. Hope they come up with a good strategy to get back in track.
I wish they´d release Trauma Center 2(DS) in Europe...
Know how to increase profits?? More Etrian Odysseys, Izuna games, and Rondo of Sword!!!
Seriously...Atlus is one of the ONLY company that makes games that has appealing graphics AND satisfying difficulties these days...
Disgaea,make it for pc.
Get huge profits $$$$$$$$$$$!
And nothing of value was lost.
Goodbye Fatlus.
atlus needs to... FOCUS ON THE WII, DAMMIT.
they're bleeding money because they're stupid enough to jump on the HD bandwagon, that doesn't even sell in Japan.
Screw it.
Dude .. they are stupid enough to jump on the HD bandwagon?
They've released whole three games on the Xbox360, all of them simply published by them.
Most (if not all)of the games they are releasing/developing (that I know of) are for the DS/PsP/Ps2.
Unlike Square-Enix ...
NO, the Wii sucks. I don't have HD, but the Wii srsly sucks.