By Ishaan . June 12, 2013 . 10:40am
Atlus’ parent company, Index Holdings, is under suspicion of improper accounting, reports NHK News (via: ANN). The company’s headquarters as well as the home of its president are currently undergoing an investigation by the concerned authorities.
Index reported earnings of 18.3 billion yen (around $190 million) last year from their games business across consoles, portables and phones. However, these earnings are expected to have been exaggerated using what is known as “round tripping”.
Index say they are cooperating with the authorities and will report back once the relevant facts are evident.
Index also recently reported that they’re in debt. While they reached 5.65 billion yen in sales during their second quarter, they were left with 1.435 billion ($14.75 million) in debt for the end of the period.