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duckroll · Mar 26, 2013

http://www.4gamer.net/games/999/G999905/20130326067/

Square Enix released some really bad numbers to investors today. Wada has stepped down to "make way for management reform". Yosuke Matsuda takes up the post of CEO.

Edit: http://www.hd.square-enix.com/eng/news/pdf/20130326_02en.pdf

NOTICE OF CHANGE IN REPRESENTATIVE DIRECTORS

SQUARE ENIX HOLDINGS CO.,LTD. (the “Company&#8221 expects that the Company’s representative directors will change. Such change is subject to a resolution by its 33rd annual general meeting of shareholders to be held in late June, 2013, and a resolution by its board of directors meeting to be held after the said meeting of shareholders.

1. Reason for the election
Renewal of the Company’s management team

2. Change in the representative directors
Yosuke Matsuda
Representative Director President and Representative Director

Phoenician_Viking · Mar 26, 2013

Holy shit.

mocoworm · Mar 26, 2013

Translation:

"Yoichi Wada, Square Enix has resigned as President and CEO

Toshiaki Konishi: Editorial

March 26, 2013, Square Enix Holdings Co., Ltd., announced that he will step down as President and CEO Yoichi Wada, newly, Mr. Yosuke Matsuda of the current appointed representative director. The Reason for change is a "management system for reform." 　The future of Mr. Wada has not been announced at this time."

Heart Attack · Mar 26, 2013

Holy shit. Megaton. Kingdom Hearts 3 to finally happen?

electroplankton · Mar 26, 2013

RyougaSaotome · Mar 26, 2013

Just saw this.

Holy shizzlemeisters.

reminder · Mar 26, 2013

Wow, hat was kind of unexpected.

Drencrom · Mar 26, 2013

oh boy

Mihael Mello Keehl · Mar 26, 2013

hmmm...suspect

Daedardus · Mar 26, 2013

Does this mean more or less iOS games?

Wunder · Mar 26, 2013

Whoaaaaaa. That's insane!

Muku · Mar 26, 2013

Yeeeeeeeessssssssss! Okay, now can we get someone in there that isn't all about iOS? I want some real games again.

Sandfox · Mar 26, 2013

That's crazy but it makes sense I guess.

Daedardus said:
Does this mean more or less iOS games?

Probably more

Witchfinder General · Mar 26, 2013

Is this good news or bad? Their Japanese output has been dire but their work with Western Devs has been great.

Auto_aim1 · Mar 26, 2013

Bladenic · Mar 26, 2013

Wow. Huge news.

ZoddGutts · Mar 26, 2013

Tizoc · Mar 26, 2013

Phoenician_Viking said:
Holy shit.

My thoughts exactly. Hope this won't affect their western titles development.

sprsk · Mar 26, 2013

KABOOOOOOOOOOOM

reptilescorpio · Mar 26, 2013

Whoa. Didn't expect that, thought he would play the "way until next gen games hit" card. Wada go buddy, thanks for Eidos.

Phonomezer · Mar 26, 2013

Wada mess.

ColossalLazy · Mar 26, 2013

Wow. Out of nowhere.

Box of Bunnies · Mar 26, 2013

Lord Nomura-sama for ZipBuckled Overlord (ZBO) of Square Enix.

Ushojax · Mar 26, 2013

About damn time.

He has pissed away an entire console generation.

Rocky · Mar 26, 2013

Do the Japanese celebrate April Fool's Day?

Luigi87 · Mar 26, 2013

Can we party?
I'd be lying if I said I wasn't waiting for this...

blackprophesy · Mar 26, 2013

Based on this I suppose...
http://www.polygon.com/2013/3/26/41...-to-incur-extraordinary-loss-this-fiscal-year

Square Enix expects to incur 'extraordinary loss' this fiscal year ending March 31

Aaron · Mar 26, 2013

I'm not applauding until they fire their terrible writers.

Negator · Mar 26, 2013

HOLY SHIT

DSix · Mar 26, 2013

Phoenician_Viking said:
Holy shit.

Indeed. He finally did it. I never thought the day would happen. Now with the next CEO Square Enix is either completely dead or reborn.

The Praiseworthy · Mar 26, 2013

This came out of nowhere :\

SE to see better days?

Kisaya · Mar 26, 2013

WHELP

MarkusRJR · Mar 26, 2013

Holy shit.

EDIT: Actually it's not that surprising considering how much Square Enix has fucked up everything this generation apart from Dragon Quest, TWEWY, and acquiring Eidos.

daxgame · Mar 26, 2013

yeeeeesss

lazybones18 · Mar 26, 2013

He was the guy who showed up at the PS4 event, right?

Dresden · Mar 26, 2013

Herb Alpert · Mar 26, 2013

It's a CEO slaughter. Who's next (don't say Iwata!)

Pureauthor · Mar 26, 2013

DING DONG

jj984jj · Mar 26, 2013

Wow, they're finally getting a new CEO?

Dabanton · Mar 26, 2013

Muku said:
Yeeeeeeeessssssssss! Okay, now can we get someone in there that isn't all about iOS? I want some real games again.

You should expect more iOS.

Pooya · Mar 26, 2013

PR
http://www.hd.square-enix.com/eng/news/pdf/20130326_02en.pdf

bobbychalkers · Mar 26, 2013

The CEO's of EA and now Square step down over the span of a week.........damn!

I NEED SCISSORS · Mar 26, 2013

Please be excited.

Persona86 · Mar 26, 2013

Now get Versus and KH3 done.

Soma · Mar 26, 2013

oh wow

mocolostrocolos · Mar 26, 2013

Hostia puta.

duckroll · Mar 26, 2013

blackprophesy said:
Based on this I suppose...
http://www.polygon.com/2013/3/26/41...-to-incur-extraordinary-loss-this-fiscal-year

Yes, since earlier this afternoon, lots of news outlets were reporting S-E's terrible numbers from their quarterly report I think. Surprised he stepped down before the end of the day though. Lol.

Bittercup · Mar 26, 2013

I didn't expect this. But great news I guess

stryke · Mar 26, 2013

Should have gone long ago.

Kandinsky · Mar 26, 2013

Rep for Iwata

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Breaking News: Yoichi Wada resigns as Square Enix CEO, likely being replaced by CFO

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Should probably not trust the 7-11 security cameras quite so much

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He's a pretty swell guy in my books anyway.

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