Square Enix President Yoichi Wada Steps Down

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Yoichi Wada is stepping down from his position as Square Enix’s president and representative director, the company announced today. Taking over his position is current representative director Yosuke Matsuda who will now also serve as president. The change will take place in late June.

 

Matsuda joined Square in 2001 as Senior Vice-President according to his profile. By 2004, he had become Director and CFO of Square Enix.

 

The announcement comes alongside a financial revision that Square Enix reported today. The company expects a net income loss of 13 billion yen (far higher than the originally predicted 3.5 billion yen) owing primarily to sluggish Western sales. Additionally, Square are also expecting sluggish performance in their arcade business.

 

Ishaan Sahdev
Ishaan specializes in game design/sales analysis. He's the former managing editor of Siliconera and wrote the book "The Legend of Zelda - A Complete Development History". He also used to moonlight as a professional manga editor. These days, his day job has nothing to do with games, but the two inform each other nonetheless.