As some informed gamers already know, Yoichi Wada is no longer Square Enix CEO: the former president has resigned from his position a few weeks ago.
The company is estimating an extraordinary loss of 13.0 billion yen for the previous fiscal year, ended on March 31, mostly due to weak console games sales.
Wada has explained that the huge losses were the reason behind his resignation: he stated that “The huge loss was like a voice from the heavens telling me it’s time to move on.”
The former Square Enix CEO also explained that he wanted to stay to improve the company’s situation so that he could pass it over when it was at its best: however he judged that his stepping down from his role would have helped the company more.
Yosuke Matsuda is the new Square Enix President and, as already announced, he intends to perform a review of all businesses, operations and assets of the group.
Yoichi Wada is no longer a Square Enix staff member but he’ll still try to help the company in any way he can: Wada san will try to exploit new businesses and hopes that they will be quite successful for the company as a whole.