Yoichi Wada, the president and representative director of Square Enix, has announced that he plans to step down following a net income losses of ¥13 billion due to a decline in Western retail and digital sales. Wada will be replaced in June by Yosuke Matsuda, who joined the company in 2001. Square Enix now “expects to incur extraordinary loss in the settlement of the accounts for its fiscal year ending March 31, 2013.”
Woo-hoo..?
Square Enix president Steps Down.
Started by Alii, Mar 26 2013 04:52 AM
22 replies to this topic
#1
Alii
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Posted 26 March 2013 - 04:52 AM
#2
Nollog
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Posted 26 March 2013 - 04:59 AM
Everyone is quitting, in before crash.
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#3
Tricky Sonic
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Posted 26 March 2013 - 05:29 AM
Wooo...13 years to late if you ask me. Also, SE are you really surprised? You put all your money into the mobile sector and pretty much released a lot of garbage since the merger. Does this really surprise anyone?
Edited by Tricky Sonic, 26 March 2013 - 05:31 AM.
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#4
Hank Hill
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Posted 26 March 2013 - 05:37 AM
Good. Maybe they'll focus on other franchises besides Final Fantasy and Dragon Quest and quit making horrible iOS titles.
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#5
routerbad
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Posted 26 March 2013 - 05:44 AM
Publishing crash maybe, not an industry crash. Consumers are still pouring money into the industry.
#6
Alii
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Posted 26 March 2013 - 05:57 AM
I really hope this is a better turn to square Enix.. Well anything is better at this point
#7
SoldMyWiiU
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Posted 26 March 2013 - 06:29 AM
All we need is the president of capcom to quit and have all these companies come back to the warm boobs of nintendo.
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#8
Alex Wolfers
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Posted 26 March 2013 - 08:18 AM
Well perhaps if they made the same quality blockbusters as they used to and gave micro-transactions the finger they would do better. I still want Dues Ex for Wee Yoo
All we need is the president of capcom to quit and have all these companies come back to the warm boobs of nintendo.
Don't forget Activision.
Good. Maybe they'll focus on other franchises besides Final Fantasy and Dragon Quest and quit making horrible iOS titles.
Giving up FF and DQ would be like how Capcom killed Megaman. I just say make them as good as they used to. As for the IOS games I agree %100.
Everyone is quitting, in before crash.
No. The industry is just wising up to prevent a crash actually.
Wooo...13 years to late if you ask me. Also, SE are you really surprised? You put all your money into the mobile sector and pretty much released a lot of garbage since the merger. Does this really surprise anyone?
Well said Tricky. We miss classics such as FF7. I miss your beauty Cloud.
#9
magiciandude
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Posted 26 March 2013 - 08:54 AM
Wow, first I hear about EA now SE? What could be going on?
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#10
itogi
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Posted 26 March 2013 - 09:04 AM
why I am not surprise this will happen sooner or later that Square Enix losing alot of money cause of decline in retail and digital sales in the west. If this keep up sony will be bankrup.
#11
Ashurii
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Posted 26 March 2013 - 09:41 AM
Well said Tricky. We miss classics such as FF7. I miss your beauty Cloud.
Is FF7 a game w=you had to play as a kid or when it came out to actually like? I tried it and can't say I found it to be as good as people say. I enjoy FF-13-2 much more but as I said it might be that I played it last year which is like 14 or so years after it came out. Not saying it is bad at all. I did really enjoy the movie of it tbh
Worst choice Square made in my mind was TWEWY Remix hitting iso and not 3DS and Vita
#12
Keviin
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Posted 26 March 2013 - 10:14 AM
The question is: with all these CEO's stepping down, how long will Iwata last? I think he will stay a couple of more years. But it's curious to see all these guys of big companies stepping down.
No sig.
#13
SoldMyWiiUAndLeftTheForums
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Posted 26 March 2013 - 11:30 AM
I can see another crash coming, everyone's getting out quick, as for Square Enix this is what happens when you promise games but then never bother.
#14
Julio93
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Posted 26 March 2013 - 11:40 AM
Well, this is certainly good news.
#15
Robotic Sunshine Commander
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Posted 26 March 2013 - 12:03 PM
ff13-3 anyone?
#16
Cozmo
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Posted 27 March 2013 - 10:28 AM
wats wrong with square enix now? i keep hearing people say that they are failing... and wats with this "crash"?
#17
routerbad
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Posted 27 March 2013 - 10:37 AM
wats wrong with square enix now? i keep hearing people say that they are failing... and wats with this "crash"?
referring to another crash of the gaming industry, the first being the crash of 1983, caused because the market was flooded with systems and crappy games that no one wanted to buy.
#18
Cozmo
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Posted 27 March 2013 - 10:41 AM
referring to another crash of the gaming industry, the first being the crash of 1983, caused because the market was flooded with systems and crappy games that no one wanted to buy.
well theres half my question answered. i dont see a crash coming for this reason. wat would cause it this time?
#19
routerbad
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Posted 27 March 2013 - 10:50 AM
well theres half my question answered. i dont see a crash coming for this reason. wat would cause it this time?
There won't be an entire industry crash, just some major publishers will crash, because they've put all their eggs in the FPS basket, and have opted for releasing the same games every year with a somewhat better coat of paint.
#20
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Posted 27 March 2013 - 10:54 AM
There won't be an entire industry crash, just some major publishers will crash, because they've put all their eggs in the FPS basket, and have opted for releasing the same games every year with a somewhat better coat of paint.
i can see that lol i get reallly bored of a fps really fast. they are good for a quick dip rather than a long swim.
Edited by Cozmo, 27 March 2013 - 10:54 AM.
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