Atlus, the Japanese video game publisher behind hits like Demon’s Souls, Catherine, and the Persona series may be in trouble.

Its parent company Index Corporation, that purchased Atlus in 2006, has filed for bankruptcy due to owing 24.5 billion yen in outstanding debt. Also, Index Corporation’s offices were raided earlier when the Japanese Securities and Exchange Surveillance Commission has been investigating Index Corporation for inflating sales beyond actual numbers. These accusations are serious and could put Atlus in jeopardy.

But for now, Atlus president and CEO Naoto Hiraoka has stated the Atlus brand is unaffected by Index Corporations’ proceedings and it’s business as usual. But should business as usual not cut it, it may be possible for Nintendo, Microsoft, or Sony to buy Atlus and gain exclusivity on their games.

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