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]