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duckroll
mashadar's Nekomimi slave
(03-26-2013, 10:21 AM)
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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/ne...30326_02en.pdf

NOTICE OF CHANGE IN REPRESENTATIVE DIRECTORS

SQUARE ENIX HOLDINGS CO.,LTD. (the “Company”) 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

Last edited by duckroll; 03-26-2013 at 10:26 AM.
Phoenician_Viking
Banned
(03-26-2013, 10:21 AM)
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Holy shit.
mocoworm
ignore my opinion
on everything ever
(03-26-2013, 10:21 AM)
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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
Member
(03-26-2013, 10:21 AM)
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Holy shit. Megaton. Kingdom Hearts 3 to finally happen?
electroplankton
Banned
(03-26-2013, 10:21 AM)
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yay!
RyougaSaotome
Member
(03-26-2013, 10:21 AM)
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Just saw this.

Holy shizzlemeisters.
reminder
Member
(03-26-2013, 10:22 AM)
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Wow, hat was kind of unexpected.
Drencrom
Member
(03-26-2013, 10:22 AM)
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oh boy
Mihael Mello Keehl
Member
(03-26-2013, 10:22 AM)
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hmmm...suspect
Daedardus
Member
(03-26-2013, 10:22 AM)
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Does this mean more or less iOS games?
Wunder
Member
(03-26-2013, 10:22 AM)
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Whoaaaaaa. That's insane!
Muku
Member
(03-26-2013, 10:22 AM)
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Yeeeeeeeessssssssss! Okay, now can we get someone in there that isn't all about iOS? I want some real games again.
Sandfox
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(03-26-2013, 10:22 AM)
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That's crazy but it makes sense I guess.

Originally Posted by Daedardus

Does this mean more or less iOS games?

Probably more
Witchfinder General
punched Wheelchair Mike
(03-26-2013, 10:22 AM)
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Is this good news or bad? Their Japanese output has been dire but their work with Western Devs has been great.
Auto_aim1
MeisaMcCaffrey
(03-26-2013, 10:22 AM)
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Wow.
Bladenic
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(03-26-2013, 10:22 AM)
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Wow. Huge news.
ZoddGutts
Member
(03-26-2013, 10:22 AM)
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Wow.
Tizoc
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(03-26-2013, 10:22 AM)
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Originally Posted by Phoenician_Viking

Holy shit.

My thoughts exactly. Hope this won't affect their western titles development.
sprsk
force push the doodoo rock
(03-26-2013, 10:22 AM)
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KABOOOOOOOOOOOM
reptilescorpio
Member
(03-26-2013, 10:22 AM)
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Whoa. Didn't expect that, thought he would play the "way until next gen games hit" card. Wada go buddy, thanks for Eidos.
Phonomezer
Banned
(03-26-2013, 10:23 AM)
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Wada mess.
ColossalLazy
Member
(03-26-2013, 10:23 AM)
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Wow. Out of nowhere.
Box of Bunnies
Member
(03-26-2013, 10:23 AM)
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Lord Nomura-sama for ZipBuckled Overlord (ZBO) of Square Enix.
Ushojax
Should probably not trust the 7-11 security cameras quite so much
(03-26-2013, 10:23 AM)
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About damn time.

He has pissed away an entire console generation.
Rocky
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(03-26-2013, 10:23 AM)
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Do the Japanese celebrate April Fool's Day?
Luigi87
Member
(03-26-2013, 10:23 AM)
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Can we party?
I'd be lying if I said I wasn't waiting for this...
blackprophesy
Member
(03-26-2013, 10:23 AM)
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Based on this I suppose...
http://www.polygon.com/2013/3/26/414...is-fiscal-year

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

Aaron
Member
(03-26-2013, 10:23 AM)
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I'm not applauding until they fire their terrible writers.
Negator
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(03-26-2013, 10:23 AM)
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HOLY SHIT
DSix
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(03-26-2013, 10:23 AM)
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Originally Posted by Phoenician_Viking

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
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(03-26-2013, 10:23 AM)
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This came out of nowhere :\

SE to see better days?
Kisaya
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(03-26-2013, 10:23 AM)
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WHELP
MarkusRJR
Member
(03-26-2013, 10:23 AM)
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Holy shit. :o

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.
Last edited by MarkusRJR; 03-26-2013 at 10:25 AM.
daxgame
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(03-26-2013, 10:23 AM)
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yeeeeesss
lazybones18
Member
(03-26-2013, 10:23 AM)
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He was the guy who showed up at the PS4 event, right?
Dresden
on the run
(03-26-2013, 10:23 AM)
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Herb Alpert
Member
(03-26-2013, 10:24 AM)
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It's a CEO slaughter. Who's next (don't say Iwata!)
jj984jj
He's a pretty swell guy in my books anyway.
(03-26-2013, 10:24 AM)
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Wow, they're finally getting a new CEO?
Dabanton
Member
(03-26-2013, 10:24 AM)
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Originally Posted by Muku

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.
bobbychalkers
Member
(03-26-2013, 10:24 AM)
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The CEO's of EA and now Square step down over the span of a week.........damn!
I NEED SCISSORS
Banned
(03-26-2013, 10:24 AM)
Please be excited.
Persona86
Banned
(03-26-2013, 10:24 AM)
Now get Versus and KH3 done.
Soma
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(03-26-2013, 10:24 AM)
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oh wow
mocolostrocolos
Member
(03-26-2013, 10:24 AM)
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Hostia puta.
duckroll
mashadar's Nekomimi slave
(03-26-2013, 10:24 AM)
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Originally Posted by blackprophesy

Based on this I suppose...
http://www.polygon.com/2013/3/26/414...is-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
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(03-26-2013, 10:24 AM)
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I didn't expect this. But great news I guess :)
stryke
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(03-26-2013, 10:24 AM)
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Should have gone long ago.
Kandinsky
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(03-26-2013, 10:24 AM)
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Rep for Iwata :P

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