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 (http://www NULL.hd NULL.square-enix NULL.com/130326 NULL.pdf). 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 NULL.hd NULL.square-enix NULL.com/eng/news/pdf/20130326_02en NULL.pdf)