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Grimoire
26th Mar 2013, 05:40
A time of change at Square Enix (http://eu.square-enix.com/en/blog/time-change-square-enix)


Ben Bateman: "Square Enix today announces a change in the Company’s representative directors. Yoichi Wada will be stepping down as President and Representative Director of Square Enix Holdings Co., Ltd. and Yosuke Matsuda will become the new President and Representative Director, subject to obtaining approval at the next shareholder’s meeting held in June 2013."


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Square Enix President Youichi Wada to Step Down (/news/2013-03-26/square-enix-president-youichi-wada-to-step-down)


www.animenewsnetwork.com/news/2013-03-26... (http://www.animenewsnetwork.com/news/2013-03-26/square-enix-president-youichi-wada-to-step-down)


"<cite class="e company">Square Enix</cite> Holdings announced on Tuesday that President and Representative Director <cite class="e person">Yoichi Wada</cite> is stepping down. Y?suke Matsuda, who was just promoted to representative director last week, will replace Wada. <cite class="e company">Square Enix </cite>cited "renewal of the Company's management team" for the change. The transition will be officially approved in June.


<cite class="e company">Square Enix </cite>Holdings did not announce Wada's plans after the transition.


The company had just announced (http://www.hd.square-enix.com/eng/news/pdf/130326.pdf) earlier in the day that it is revising its projections for the current fiscal year ending on March 31. It now expects an "extraordinary loss" of 13 billion yen (about US$140 million), mainly due to slow console sales in the West and "sluggish" arcade machine sales. It had reported a profit of 6.060 billion yen (US$64.3 million) in the last fiscal year, and had projected a profit of 3.5 billion yen (US$37 million) until Tuesday's revision.


Sources: 4Gamer (http://www.4gamer.net/games/999/G999905/20130326067/), Dengeki (http://news.dengeki.com/elem/000/000/617/617401/) via animeanime.biz (https://twitter.com/animeanimebiz/status/316480592512425984)"


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Square Enix President Yoichi Wada Steps Down (http://www.siliconera.com/2013/03/26/square-enix-president-yoichi-wada-steps-down/)


"Yoichi Wada is stepping down from his position as Square Enix&rsquo;s president and representative director, the company announced (http://www.hd.square-enix.com/eng/news/pdf/20130326_02en.pdf) today. Taking over his position is current representative director Yosuke Matsuda who will now also serve as president. The change will take place in late June.


Matsuda joined Square in 2001 as Senior Vice-President according to his profile. By 2004, he had become Director and CFO of Square Enix.


The announcement comes alongside a financial revision that Square Enix reported today. The company expects a net income loss of 13 billion yen (far higher than the originally predicted 3.5 billion yen) owing primarily to sluggish Western sales. Additionally, Square are also expecting sluggish performance in their arcade business."


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So, instead of creating more identical treads (like this one: na.square-enix.com/go/thread/view/139231... (/go/thread/view/139231/29827811/Square_Enixs_Yoichi_Wada_Is_Stepping_Down))...any thoughts?

Syn
26th Mar 2013, 07:22
Well, change is a good thing sometimes, I hope things look up for my beloved SE........On a side note, you spelt "Yoichi" as Youichi Wada" in your title, might affect search results and such.

Mad_Angel
26th Mar 2013, 12:36
Well I'm not a big fan of Mr Yoichi Wada (did I spell it right?) but I can't be happy for his resignation and I'll explain why.


To start in my opinion he damaged Square's biggest franchises to the point SE is no longer the industry behemoth it used to be (p.e, when was the last time we saw a big TGS or E3 by SE?) .


Final Fantasy: During his 12 years as CEO, SE released 5 main FF titles, a very low number if you consider that 2 are on-line only games and that in the 13 previous years SE released 9 main titles in the series. In 2006, Mr Wada made the strategic decision to announce in one single event 3 new FF games, in what is known as the Fabula Nova Calamity. 7 years late, we are still wondering where is the western version of Type-0, what is vsXIII, and why can't Lightning die already. But I don't want to start a discussion on the quality of recent FF games 'cause we all know that this gen has not been kind to FF fans, specially western old-time fans.


Kingdom Hearts: Best new IP of the PS2. Very promising as it successfully merged the awesomeness of FF with the Disney universe. Appealing to both adults and children. Killed by Mr Wada when he decided to postpone KH3 indefinitely and disperse the fan base by relegating the franchise to different handheld systems, one spin-off at the time.


The Chrono Saga: Chrono what? If you arrived late, that is post psx-era, that's probably what are thinking right now. But whomever had the chance to play both the original and the PSX sequel knows exactly what we are missing thanks to Mr. Wada.


Although he made a lousy job, in my opinion, I can't be happy with SE financial situation, aka, the reason why he is leaving. Furthermore, since SE acquired Eidos the overall quality of Eidos' game increased, which is a plus for Tomb Raider/Hitman fans =)

Grimoire
26th Mar 2013, 12:43
Well I'm not a big fan of Mr Yoichi Wada (did I spell it right?)...






Yes, that is exactly how you spell it. (Unless you prefer Wada Y?ichi or ?? ??,)


Despite Strong Sales Tomb Raider, Sleeping Dogs, Hitman Below Expectations (http://www.siliconera.com/2013/03/26/despite-strong-sales-tomb-raider-sleeping-dogs-hitman-below-expectations/)


"Earlier today, Square Enix announced that company president Yoichi Wada is stepping down (http://www.siliconera.com/2013/03/26/square-enix-president-yoichi-wada-steps-down/) from his position, alongside a report that the publisher is expecting significant losses due to sluggish Western sales and arcade performance.


In a report (http://www.hd.square-enix.com/eng/news/pdf/130326slides.pdf) that discusses these losses, Square Enix share the titles of the games that fell short of expectations: Tomb Raider, Sleeping Dogs and Hitman Absolution (http://www.siliconera.com/tag/hitman-absolution/). Despite strong sales, all three games have failed to sell as well as Square Enix hoped they would.


Sleeping Dogs, which launched in August 2012, has moved 1.75 million copies to date. Hitman Absolution, which followed in November, has sold 3.6 million copies to date. And finally, Tomb Raider, released earlier this month, has already moved 3.4 million copies. The aforementioned figures don&rsquo;t take digital sales into account either.


Despite the high critical acclaim, these games have failed to meet their targets, Square say. In particular, sales in North America were weak, ending up at two-thirds the amount sold in Europe. Additionally, price pressure was strong, which forced Square to spend additional costs on price protection."

member_10012998
26th Mar 2013, 13:11
What I think this will affect is future titles. I don't think SE will be taking many risks and will try to refocus on the core that has made the company money. Focus on Final Fantasy, but not make so many side project FF games. And if Phil Rogers, the former CEO of Eidos becomes some sort of director, that could also change the landscape. Personally, I'd like to see more Deus Ex games, which it looks like we will. And recently SE found a winner in the new Tomb Raider. This will help out in the future. However, I wouldn't be surprised if something like Drakengard 3 was put on hold though. Concidering Drakengard 1 and 2 were not commercial successes, but then again, I don't know how far along the game is in development. And even though I can't stand Kingdom Hearts, they really should put on a 3rd one already. Fans are getting pissy.

destruction7
26th Mar 2013, 13:35
Thanks! MISTER Yada for getting out no more bloodish games,linear games,Cutscenes of 360 hours.


I hope square Enix japan have learned the lesson.









Crystal_Power
26th Mar 2013, 13:57
There's so many people who are very happy about this, hopefully things will get better for Square Enix now.

ZyzxxInfinity
26th Mar 2013, 19:52
www.destructoid.com/yoichi-wada-resignin... (http://www.destructoid.com/yoichi-wada-resigning-as-square-enix-president-249671.phtml)

Good riddance. I consider this karma catching up to Square Enix for a lot of the failings and bad moves lately.



Example: www.destructoid.com/review-final-fantasy... (http://www.destructoid.com/review-final-fantasy-all-the-bravest-242882.phtml)





He's definitely not the first person to leave the company (Sakaguchi, Tanaka, Takahashi, and so many, many others...), and probably won't be the last. We'll see what Yosuke Matsuda does, which can't be any worse than what Wada did didn't do. ...Hopefully.






All I care for at this point is FFX|X-2 HD Remaster. After that, I don't really care unless Square Enix manages to 180 themselves and return to the way things were prior the merger.

alanman178
26th Mar 2013, 20:42
I'm glad SE has made this type of change in the company. It sucks that someone had to step down. I never wish that kind of thing on anyone. But, I believe 'something' needed to happen. It's nice to see the company make a 'Necessary' change for once. :P

WorstBirthdayEver
26th Mar 2013, 22:30
Well I'm not a big fan of Mr Yoichi Wada (did I spell it right?) but I can't be happy for his resignation and I'll explain why.


To start in my opinion he damaged Square's biggest franchises to the point SE is no longer the industry behemoth it used to be (p.e, when was the last time we saw a big TGS or E3 by SE?) .


Final Fantasy: During his 12 years as CEO, SE released 5 main FF titles, a very low number if you consider that 2 are on-line only games and that in the 13 previous years SE released 9 main titles in the series. In 2006, Mr Wada made the strategic decision to announce in one single event 3 new FF games, in what is known as the Fabula Nova Calamity. 7 years late, we are still wondering where is the western version of Type-0, what is vsXIII, and why can't Lightning die already. But I don't want to start a discussion on the quality of recent FF games 'cause we all know that this gen has not been kind to FF fans, specially western old-time fans.


Kingdom Hearts: Best new IP of the PS2. Very promising as it successfully merged the awesomeness of FF with the Disney universe. Appealing to both adults and children. Killed by Mr Wada when he decided to postpone KH3 indefinitely and disperse the fan base by relegating the franchise to different handheld systems, one spin-off at the time.


The Chrono Saga: Chrono what? If you arrived late, that is post psx-era, that's probably what are thinking right now. But whomever had the chance to play both the original and the PSX sequel knows exactly what we are missing thanks to Mr. Wada.


Although he made a lousy job, in my opinion, I can't be happy with SE financial situation, aka, the reason why he is leaving. Furthermore, since SE acquired Eidos the overall quality of Eidos' game increased, which is a plus for Tomb Raider/Hitman fans =)







I completely... completely... completely agree.





Square really dropped the ball after FFX-2 even though that game was released around the time he stepped in. I didn't even need to buy that game to see that things were definitely in for a change. It was transparent. I can honestly say that my collection of Square Enix games... I'd buy back just about every hard copy of my Squaresoft titles if I lost them, and the Square Enix ones?





They can burn in hell. I didn't buy many of them anyway (VP2, KH2 was a gift, FF13... I'll never play it again). I enjoyed these games but they did not reflect the quality of their predecessors. The last Square release that I wholeheartedly enjoyed was Kingdom Hearts 1.

destruction7
26th Mar 2013, 23:50
The last Square release that I wholeheartedly for me was FFX.



Squall-Nathan
29th Mar 2013, 10:04
The best thing that came out of his Presidency was the acquiring of Eidos. Deus EX HR was amazing as well as Tomb Raider. Also we are getting a THIEF reboot and possibly a Legacy of Kain reboot if the trademarks are any evidence. Wada blamed low sales but all of the games sold quite well for the little advertising they did here in North America. So maybe advertising should be given more focus to sell more games.





Also I was pleasantly surprised that they brought the Nier team and Drakengard team back together to create Drakengard 3. Probably the biggest surprise of 2013 so far.

Mugen_Vtec
3rd Apr 2013, 00:26
Well, this sucks for the workers in SQEX LA HQ


www.joystiq.com/2013/04/02/layoffs-squar... (http://www.joystiq.com/2013/04/02/layoffs-square-enix-los-angeles/#comments)





I hope the Crystal Dynamics staff were not involved because they did a tremedous job with Tomb Raider, and that just wouldn't be fair.

Grimoire
7th Apr 2013, 11:32
I take it Wada's statements "[For now] The Compilation of FINAL FANTASY VII has come to a close", and "You will not see a remake of FINAL FANTASY VII until we have produced a game that exceeds this title" can be regarded as nothing but a mere memory now?

destruction7
7th Apr 2013, 12:17
Probably yes! This promise will be never fulfilled!

Grimoire
9th Apr 2013, 08:06
Square Enix Detail Where Their Losses Are Coming From (http://www.siliconera.com/2013/04/08/square-enix-detail-where-their-losses-are-coming-from/)


www.hd.square-enix.com/eng/news/pdf/expl... (http://www.hd.square-enix.com/eng/news/pdf/explanatory_20130326en.pdf)

alanman178
9th Apr 2013, 12:34
I know those who have read my posts may think that I'm 'angry' at SE. I know that I've actually stated that I was angry, but after thinking about it for a while, it's more like I'm 'upset' with them. I used to defend the company. I'd always tell people to stop being so dang picky about everything. Then, when the FF series' traditional game-design went away with the release of FF10 back in 2001, I got a little nervous. I felt a little uneasy about this new approach Squaresoft had made. They had made some changes in the past, but those changes were never this big. I wasn't angry about it. They did do a good job with what they had set out to accomplish. But, I wasn't exactly super happy about it either. My feelings about the series have been mixed ever since.


I honestly really hope SE does very well under its new leadership. I really miss being 'excited' about new games. I was very excited about FF13 years back, until after its release, and, well.... I won't get into that here. Not the right thread.


Personally, I believe if SE wants better NA sales, they need to focus strongly on continuing to release epic Final Fantasy and Dragon Quest titles for the leading consoles, like the PS3 or XBox360. Square=Final Fantasy, and Enix=Dragon Quest. Also, they're eventually going to need to make some of the 'remakes' a lot of people are asking for. I know a LOT of people are asking for a LOT of different things, but SE needs to make at least a 'few' of those things happen. Starting with the most popular and working down the list as far as they can. I don't think it's a bad idea to try to give people what they want.

Crystal_Power
9th Apr 2013, 21:23
www.finalfantasy-fxn.net/index.php?page=... (http://www.finalfantasy-fxn.net/index.php?page=article&article=Square-Enix-Sheds-More-Light-on-Its-Financial-Woes--1811)



So they think losses are coming from console games and social games are doing good? This is just terrible, horrible, awful news. What if Square Enix start to fade out console games in favor of cheap mobile games?

Leaferian-379423
9th Apr 2013, 23:06
www.finalfantasy-fxn.net/index.php?page=... (http://www.finalfantasy-fxn.net/index.php?page=article&article=Square-Enix-Sheds-More-Light-on-Its-Financial-Woes--1811)



So they think losses are coming from console games and social games are doing good? This is just terrible, horrible, awful news. What if Square Enix start to fade out console games in favor of cheap mobile games?




Sort of. Their social games are quite profitable, although they recently announced they would no longer be focusing so heavily on creating new social games and instead supporting the IPs they already have. They are experiencing losses from the three console games mentioned, but these losses are just a stone in the pond. From what I've read, a large portion of their losses on the development side came in the wake of these slow sales and Square Enix realizing their business model was both incredibly outdated and absolutely unfit for strong business in the West. Many more losses are being pegged as 'administrative' or 'operational' losses, which isn't really elaborated on but seems to be about specific changings to their structure as opposed to their more general restructuring losses.





Also the reports make mention of the fact that the 2012-2013 financial year is fairly unique in terms of losses, varying wildly from the gains/losses of the previous four years. They also note that Eidos helped them out a lot in the 2010 financial year, which is why they decided to let them take the stage this last year by releasing wellknown or 'hallmark' Eidos-owned or styled titles without releasing a largescale console game from the Japan side of development. The briefings seem to put the blame squarely (ha) on the company's own shoulders though, and not the developers, citing their inefficient marketing methods in North America and many extra hoops, costs, and hurdles which the company failed to account for. Honestly, from what I read the whole briefing sounded like "We made a bunch of stupid mistakes this year and realized how badly broken some of our systems are, so we're going to completely refresh the company and rebuild our methods".





Square Enix don't appear to have lost confidence in console titles at all, they are just pointing out that their social games were able to remain profitable. A small blessing in the face of their current situation.

Crystal_Power
10th Apr 2013, 15:12
Square Enix don't appear to have lost confidence in console titles at all, they are just pointing out that their social games were able to remain profitable. A small blessing in the face of their current situation.





Well, That's a relief. I'd like them to contiue to focus more on console games.