• Skip to main content
  • Skip to header right navigation
  • Skip to site footer
Gameranx

Gameranx

Video Game News, Lists & Guides

  • News
  • Features
  • Platforms
    • Xbox Series X
    • PS5
    • Nintendo
  • Videos
  • Upcoming Games
  • Guides

Chairman of the Board Wada Told President Wada To Step Down As President Of Square Enix

April 10, 2013 by Matt Hawkins

"The huge loss was like a voice from the heavens telling me it’s time to move on.

Often in life we perceive things that are sometimes called signs, perhaps from above, that guide us through the journey that is called life.

These so-called signs can come in many different forms. And for Yoichi Wada, the now former president of Square Enix, it was the project loss of 13 billion yen for the fiscal year that ended March 31, 2013.

Gamasutra reports how Wada, during a Square Enix briefing session, stated:

"The huge loss was like a voice from the heavens telling me it's time to move on."

Furthermore:

"Chairman of the Board Wada cannot allow President Wada to continue after plunging the company into a huge loss."

As also previously reported, the reigns of the company has been handed off to Yosuke Matsuda, who will be performing a fundamental review of pretty much everything relating to the company.

The new president states:

"In the light of extreme changes in the industry, we must dig in deep on what really works and what doesn't, invest a good amount of resources in areas we decide to strengthen, and thoroughly constrain the areas that we don't see working for us."

Clearly, Square Enix is in trouble. But the former regime being so up front and honest, and the new head honcho making a rather basic and sensible declaration is definitely a step forward into the right direction.

It’ll be interesting to see what comes from the company in the coming months and years. Will we get another sequel to Final Fantasy 13 or will Square Enix be brave enough to forge new territory indeed, which many have been absolutely begging for it to do, for some ages now? Time will only tell.

Share this post:

FacebookTwitterLinkedInPinterest

Recent Videos

Metroid Prime 4: Beyond - Before You Buy

Metroid Prime 4: Beyond - Before You Buy

ROUTINE - Before You Buy

ROUTINE - Before You Buy

10 Upcoming FPS Games That LOOK INSANE

10 Upcoming FPS Games That LOOK INSANE

Red Dead Redemption (PS5 Switch 2) - Before You Buy

Red Dead Redemption (PS5 Switch 2) - Before You Buy

This Game Wants To Be SKYRIM 2 Before Elder Scrolls 6

This Game Wants To Be SKYRIM 2 Before Elder Scrolls 6

Marvel Cosmic Invasion - Before You Buy

Marvel Cosmic Invasion - Before You Buy

Top 25 BEST PS5 Games of 2025

Top 25 BEST PS5 Games of 2025

10 WEIRD GAMING Stories of November 2025

10 WEIRD GAMING Stories of November 2025

DESTINY 3 LEAKED, CONSOLE PRICES GOING UP AGAIN? & MORE

DESTINY 3 LEAKED, CONSOLE PRICES GOING UP AGAIN? & MORE

Category: Updates

Sidebar

Recent Posts

  • Grand Theft Auto 6 Is Officially Nominated As Most Anticipated Game In TGAs 2025
  • This Bundle Highlights Why Red Dead Redemption 2 Needs Upgrades On Consoles Too
  • Gearbox Dev Promises The Next Few Weeks Of Borderlands 4 “Will Be A Treat”
  • Have We Seen More Of Jason Duval In Grand Theft Auto 6 Than We Think?
  • GTA 6 Fans Discuss The Places In-Game They Want To Explore The Most

Copyright © 2025 · Gameranx · All Rights Reserved · Powered by Mai Theme