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Crystal Power
Joined: 05 Feb 2009
Posts: 1517
Location: Far Away
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 Posted: Tue Mar 26, 2013 4:25 pm Post subject: Wada Steps Down As Square Enix CEO |
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| Quote: | A week after one of the world's biggest game publisher's lost its CEO, it's happened again. Yoichi Wada has stepped down as Square Enix CEO after the company revised it's full year financial forecast down by ¥16.5 billion. That's a big change that takes the forecast out of profit and firmly into an annual loss, and is apparently due to lackluster console title sales outside of Japan since the last forecast in October last year.
Wada has held the position of CEO for 13 years, after joining Square Enix in April 2000 and being elected to the head of the company in December that year. His replacement is Yosuke Matsuda.
The news comes along with the release of a revision to the company's consolidated results forcast, which estimates losses for the financial year of approximately ¥13 billion. The factors blamed include slow sales of "major console titles in North American and European Markets" as well as poor arcade machine performance.
The report also mentions an 'extraordianry loss of approximately ¥11 billion due to restructuring efforts" in response to these poor sales. Judging by the numbers in the report it seems the bulk of the losses will be caused by this restructuring. |
Source: http://www.finalfantasy-fxn.net/index.php?page=article&article=Wada-Steps-Down-As-Square-Enix-CEO--1799
Official Statement: http://www.hd.square-enix.com/eng/news/pdf/20130326_02en.pdf
I don't know much about all this CEO and business stuff but what I do know ever since he became CEO of Square Enix things have turn from good, bad, to worse. Could he be the one to blame. Many people are thrilled about this news.
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Suikoden2
Joined: 14 Nov 2012
Posts: 1482
Location: Within Dr. Casey's imagination.
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| Posted: Tue Mar 26, 2013 4:48 pm Post subject: |
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I think it's a step in the right direction at least.
"oh hell yes God, Lightning is saved now!
hurray!"
^ lol...
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| -Vadio wrote: | | I wouldn't save Tempest world because if the spots dominated it I could turn into a spot and shoot a duck with a laser blade right from Aselia |
My collection of skit faces and etc. |
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Julio
Joined: 21 Mar 2010
Posts: 605
Location: Santa Barbara
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| Posted: Tue Mar 26, 2013 4:52 pm Post subject: |
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Sounds great to me. Let's hope the new guy does a better job. A single person can't received all the blame though. They should change their company game back to Squaresoft and fire all the incompetent producers and directors whom simply can't finish a 6 year old project.
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Colour
Joined: 21 Jan 2010
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| Posted: Tue Mar 26, 2013 4:57 pm Post subject: |
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Hopefully this does some good for Square Enix.
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BlueFuji
Joined: 20 Nov 2012
Posts: 240
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| Posted: Tue Mar 26, 2013 5:02 pm Post subject: |
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This is the same guy who thought their way handling of Versus XIII was good, and has been milking Lightnings controversial t**s instead.
Good riddance.
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Edward Morrison
Joined: 25 Jan 2007
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| Posted: Tue Mar 26, 2013 5:20 pm Post subject: |
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| BlueFuji wrote: | | has been milking Lightnings controversial t**s instead. |
Eww gross |
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Abicion
Joined: 03 May 2004
Posts: 49886
Location: THAT PLACE WE GO TO PLAY VOLLEYBALL
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| Posted: Tue Mar 26, 2013 5:38 pm Post subject: |
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This could have been avoided if they had just put Serah on the cover art of Final Fantasy XIII-2.
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SOON.
| Quote: | | I thought this was going to be like Centipede! When did video games become so violent and scary? |
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Suikoden2
Joined: 14 Nov 2012
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Location: Within Dr. Casey's imagination.
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| Posted: Tue Mar 26, 2013 6:13 pm Post subject: |
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You can't polish a turd.
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| -Vadio wrote: | | I wouldn't save Tempest world because if the spots dominated it I could turn into a spot and shoot a duck with a laser blade right from Aselia |
My collection of skit faces and etc. |
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Drake
Joined: 09 Feb 2005
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Flamfas
Joined: 15 Aug 2007
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Location: slaying the backlog
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| Posted: Tue Mar 26, 2013 7:55 pm Post subject: |
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| Flamfas wrote: | | Let's hope this will finally get Square to turn around |
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Accelerator
Joined: 04 Jul 2007
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| Posted: Tue Mar 26, 2013 9:26 pm Post subject: |
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X being a good game was a fluke honestly
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Prinny
Joined: 10 Jul 2006
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Location: Boss fight against Otacon's body pillow.
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| Posted: Wed Mar 27, 2013 3:15 am Post subject: |
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| Julio wrote: | | Sounds great to me. Let's hope the new guy does a better job. A single person can't received all the blame though. They should change their company game back to Squaresoft and fire all the incompetent producers and directors whom simply can't finish a 6 year old project. |
Then they would literally have nobody to make any games because all their talent left before the merger (and not because of the merger, either).
Enix has nothing to do with Square screwing up, either. They merged with Square because they were trying to get the worldwide success Square was experiencing. That never happened. Enix has had no hand in the development of Square's games. They have their own games to worry about. It was Sony who bailed Square out when The Spirits Within bombed. Enix did not want to merge with Square at first because that movie bombed, but when Square bounced back with Kingdom Hearts and FFX, they changed their minds. |
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Flamfas
Joined: 15 Aug 2007
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| Posted: Wed Mar 27, 2013 3:44 am Post subject: |
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| Accelerator wrote: | | X being a good game was a fluke honestly |
He became CEO in December 2000. Less than a year is not enough to change a game that was surely well underway by that time.
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Charlie
Joined: 10 May 2004
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Location: Nationalist Canada
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| Posted: Wed Mar 27, 2013 4:09 am Post subject: |
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I thought what they did outside of Japan was pretty good. The Eidos purchase saved them from THQ's fate and they got some good titles from it. Just Cause 2, Batman Arkham Asylum, Deus Ex Human Revolution, Hitman Absolution and Tomb Raider.
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Accelerator
Joined: 04 Jul 2007
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| Posted: Wed Mar 27, 2013 4:12 am Post subject: |
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| Flamfas wrote: | | Accelerator wrote: | | X being a good game was a fluke honestly |
He became CEO in December 2000. Less than a year is not enough to change a game that was surely well underway by that time. |
I'm actually not even talking just about him.
It also has the same director as the Lightning Saga.
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