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Square Enix: New Boss Promises "Fundamental Review"

Matt Gardner
Square Enix, Yoichi Wada, Yosuke Matsuda

Square Enix: New Boss Promises "Fundamental Review"

Yoichi Wada's successor at Square Enix, Yosuke Matsuda, has announced that he will be "fundamentally reviewing" the companies strategies going forward after the Japanese publisher announced a net income loss of 13 billion yen.

"After having succeeded the important role as the president, I plan on reviewing all Square Enix duties, business and assets on a zero-based budgeting standpoint. Due to the radical change of environment, I’d like to fundamentally review what works and what doesn’t work for our company, then cast all of our resources towards extending what makes us successful and thoroughly squeezing out what doesn’t.

"As far as a concrete plan on what to expect from us, I will further explain it on another briefing session in the near future, so I kindly ask for your patience. Thank you for your support.”

Outgoing president Yoichi Wada will remain at the company, albeit in a non-managerial role.

"As an employee, I believe it is my duty to help the company and give proper results from it," he explained. "I will be retiring from the line of management, but I plan to work on site as a way to pay my debt to the company." [Siliconera]

Add a comment4 comments
tr0r  Apr. 3, 2013 at 20:02

Just crack on with that FF7 remake.

Late  Apr. 3, 2013 at 20:17

Just crack on with that FF7 remake.

True that.

Quietus  Apr. 3, 2013 at 20:51

Thirded. Then, as I mentioned before, use the same engine to do 9 as well.

Realhoneyman  Apr. 4, 2013 at 11:31

I hope the new appointment results in some good changes at Square Enix and is not merely politician-style speaking in bold statements followed by zero action.

The next year will tell but perhaps it is due time for SE to cut the chaff away from its wheat. A commentor on Silliconera stated that no matter how many ridiculous concepts they come up with and are subsequently executed, SE's current long-term staff wont be given the boot anytime soon. Perhaps this should be reconsidered if their innovation and abiity to generate new and fresh projects is becoming stifled by sticking to 'what already works'.

What do I know? I don't head a games developer/publisher. Still, the potential appointment of SE Europe head officer Phil Rogers to CEO of SE Holdings could be a good decision from a broader business perspective. Square Enix needs to allow its Western side of the business to continue growing so franchises we are familiar with (Hitman, Deus Ex, Tomb Raider) continue to receive suitable support and be generators of revenue for SE.

N.B And Final Fantasy will continue on :p

Last edited by Realhoneyman, Apr. 4, 2013 at 11:33


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