Square Enix Reports "Extraordinary Loss" - President Resigns

This sparse document (Adobe Acrobat format) announces the resignation of Yoichi Wada from his post as president of Square Enix. This follows the revelation that the Japanese publisher anticipates an "extraordinary loss" in its next financial reporting noted in a statement (Adobe Acrobat format) with revised financial forecasts. VG247 summarizes the bad news from the revision, noting that this includes lowering the company's projected sales slightly, but involves a giant increase in losses, saying the company's previously projected ¥3.5 billion net income loss is now anticipated to be closer to ¥13 billion ($138 million USD). Word is the revision is due to slow sales of major console titles, a sluggish arcade market, and the addition of approximately ¥10 billion in restructuring efforts, saying: "In view of the rapidly changing environment of the game businesses, the Company has decided to implement major reforms and restructuring in its development policy, organizational structure, some business models, and others."
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Re: Square Enix Reports Mar 26, 2013, 11:19
Mar 26, 2013, 11:19
 
Changing game environment?

There is still at least one more generation of consoles to go with millions of buyers. there are phones and PSP Vitas and 3DS's. All of which would have large sales of old school RPG or story driven stealth action games.

They have such an awesome collection of titles and material to draw from that people will still buy in droves. was there really a need to do some massive restructuring? ( Parasite Eve is still about my favorite game of all time)
The Whales name is Bob.
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