Yoichi Wada, Square Enix Japan CEO, Resigns

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Some shocking news has recently come to light regarding the Japanese branch of Square Enix. Yoichi Wada, the CEO of the company, will be stepping down at the end of June. He will be replaced by Yosuke Matsuda, who is currently the representative director of the company.

Matsuda joined Square in 2001 as senior vice president and has steadily climbed the ranks of the company over the past dozen years. The exact date of his instatement has not been revealed as of yet.

This piece of news sure has spiced up what would have been a regular Tuesday evening. I’ll admit, I’m not entirely surprised; the company revealed that it lost quite a large sum of money last year, and just recently, they slashed their consolidated results forecast. The company is expecting less digital sales, and are expecting to lose just over $106 million USD.

What do all of you make of this? Do you think this will be good for the company, or is it too early to tell? Maybe a new boss is just what Square Enix needs to dig itself out of its current situation and win back its fans. Here’s hoping for an improvement.

Source: http://www.hd.square-enix.com/eng/news/pdf/20130326_02en.pdf
 
Identical to EA CEO, I just don't know what to think of it yet. The decision to resign was based on a loss of money, so will they just bring someone else in that has a better business model? My issue with that is how all attention seems aimed toward profits, which I have no doubts in my mind now that it takes away from quality. SE games just aren't as fun anymore.
 
Apparently they're blaming their western studios... never mind that Tomb Raider was a massive success. I guess >3mil sales in one month isn't enough.
 
Lets hope they will stop making sh*ty ios games that no one will buy and start making games that made people fall in love with Square in the first place. Or finish games already in production instead of making other games and scattering developing teams apart.
 
So how does having a CEO resigns/replaced affect the games produced by Squeenix exactly?
No, it's not a rhetorical question. I'm seriously asking :).
 
Apparently they're blaming their western studios... never mind that Tomb Raider was a massive success. I guess >3mil sales in one month isn't enough.
Click to expand...
That's because they're japanese. The japanese always blame oversea markets.
 
I've always believed that the new Tomb Raider might save Square after the last  huge sales they've achieved, even if they are only involved in production...
 
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