Square Enix President Yosuke Matsuda is Stepping Down, to be Replaced by Takashi Kiryu - News
by William D'Angelo , posted on 03 March 2023 / 3,868 Views
Square Enix announced Square Enix President and Representative Director Yosuke Matsuda will be stepping down and replaced by Director Takashi Kiryu.
The change is pending approval at the 43rd Annual Shareholders' Meeting, which is scheduled for June 2023, as well as the Board of Directors meeting to be held afterwards.
Square Enix says the reason for the proposed change is due to "the rapid change of business environment surrounding the entertainment industry, the proposed change is intended to reshape the management team with the goal of adopting ever-evolving technological innovations and maximizing on the creativity of [Square Enix Holdings Co. Ltd.]’s group in order to deliver even greater entertainment to its customers around the world."
A life-long and avid gamer, William D'Angelo was first introduced to VGChartz in 2007. After years of supporting the site, he was brought on in 2010 as a junior analyst, working his way up to lead analyst in 2012 and taking over the hardware estimates in 2017. He has expanded his involvement in the gaming community by producing content on his own YouTube channel and Twitch channel. You can contact the author on Twitter @TrunksWD.
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Seeing how the company has been tanking in recent years, and throwing in a full commitment to blockchain when the fad has already passed, probably for the best.
Yep, I would say he have more of bad results than positive.
He was forced to retire. he sold a company for $300 million. That same company sold 1 IP to Amazon for double that. Last few years he has green lit bomb after bomb. Quiet Man. Left Alive. Avengers. Balan. Babylons Fall. Forpsoken. Bought into a dead NFT fad. I would not look at this as a sale so much as he was fired but allowed to resign.
I'm almost sure spin-off and selling portion of the company needs board approval (shareholders and directors) and that 300M in cash plus taking over a lot of debt together.
All they have to do is look at what they did during the SNES and PS1 era and run with it. Game production, marketing, creativity, a ton of franchises getting a game or more, etc.
They are remplacing a crypto/nft bro by another, i fell so bad for ff, dq and nier.
yeah, this is likely for the better. Square Enix, though responsible for some of my all-time favourite games, seems to be making some of the most batshit crazy decisions from top to bottom.
Silly game names that make NO sense, investing in Blockchain/NFTs after the fad died down...
...and the most absurd thing ever, having Octopath Traveler on Switch/Xbox but Octopath Traveler 2 being on Switch/PS. Like, why is Octo 1 not on PS? Why is Octo 2 not on Xbox? if both were on Switch/Xbox that'd be...weird but sure. if both were on Switch/PS that'd also be fine. but why is the first one on Xbox and not PS and the second one on PS but not Xbox? IT'S MADNESS I TELL YOU!
Oh, and everything else, like releasing the FF Pixel Remasters on PC/Mobile but not on consoles for a year; what the actual Eff? Very bad management for the better part of the last 10-15 years. Some gems in there, for sure, but a whooooooole lot of duds and truly baffling decisions every step of the way.
Square enix: "Let's make every foolish, nonsensical decision we can to make each of our games make the least amount of sense and have stupid names and focus on things people have made clear they don't care about and just generally be so far removed from our audience so that we look quirky and unique!"
Also Square-Enix: "Our latest game failed to live up to expectations for some reason. Guess it's time to sell off our subsidaries for profit to make up the difference".
So no more nfts
Meaning preparing for Sony deal =p joking.
you might be right
Jokes apart, yes it isn't unlikely.
I think this should have been done a while ago to be honest :)
Sony owning SQE would possibly make easier for MS to get ABK approved with less concessions.
