Yoichi Wada, President of Square Enix, Steps Down

Essel Pratt On March 26, 2013 26.03.2013 with 4 Comments

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According to Notice of Change in Representative Directors memo released today by Square Enix, President Yoichi Wada will be stepping down from his position within Square Enix.  This announcement comes after Square Enix revised its net income loss from ¥3.5 ($37.163M US)  billion to ¥13 billion (138.034M US), following a decline in Western sales.

The revision is said to be “due to slow sales of major console game titles in North American and European markets”.  I have to wonder if the recent lack of carry through on games such as Final Fantasy Versus XIII (now renamed Final Fantasy XV and expected to be released on the PS4…finally) and Final Fantasy X HD (Finally arriving after being announced over a year ago).  It seems that recently, Square has hyped some very fantastic games, only to hold off on the release for years.

Although this it is not known how Mr. Wada’s resignation will affect Nintendo, or if it will at all, he is expected to step down in June of this year.  Yosuke Matsuda will then assume the player one controller within the company.  My hope is that Mr. Matsuda will see the success of Monster Hunter Wii U, and 3DS, and give us Square Enix fans some more love over here at Nintendo.  Maybe even bring Final Fantasy home, hint hint (A fanboy can dream can’t he?).

Could it be that after Wada leaves, we could see the long anticipated Final Fantasy VII remake?  I would love to see the remake, but Wada once said that until they release an installment that is “higher quality” (I am guessing he means story-wise) that a FFVII remake would “irreparably damage the franchise”.  In my opinion, FFX has already topped VII.  Not to mention that it seems as though Square needs the bump in sales that FFVII remake would provide.  My suggestion?  Complete the FFVII HD remake, and release it on Wii U.  It will bring the series back to its original home, increase Wii U sales, and make many fans happy with Square Enix once again.

Since April 2000 Wada has been with Square Enix, seeing the acquisition of both Taito and Eidos.  Do you think he has served his position well, or do you think his stepping down, and the summoning of Matsuda’s , will provide the extra boost they need to rise to victory again?

Essel Pratt

Essel Pratt

Essel Pratt has spent his life exploring his imagination and dreams. As a Husband and a Father, he doesn't have as much time to write as he would like. However, his mind is always plotting out his next story. Someday he hopes to quit the 9-5 grind and focus on writing full time. Currently, Essel has three published short stories and is working on a handful of novels. Essel focuses his writings on mostly Horror/Sci-Fi, however is known to add a dash of other genres into his writings as well. In his spare time, he can be found playing one of the 40+ video game consoles in his collection, especially his Wii U (NNID: EsselPratt). Click the links below to follow Essel's exploits in the writing world, and be sure to follow his blog at http://esselpratt.blogspot.com/ as well as his articles on Nerdzy.com.

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4 Responses to “Yoichi Wada, President of Square Enix, Steps Down”

  1. Hitokiri_Ace says:

    Here’s my crotchety 2 cents.

    Squenix has been dead a long time to me.
    How long you ask?
    Well…
    Remember a long time ago…
    When they left Nintendo?

    Ya.
    Grudges. lol :)

    Seriously though, that’s too bad.
    I’m still waiting for Bravely Default btw Squenix.

  2. Essel Pratt says:

    Hitokiri_Ace, I almost feel the same, almost. I love the Final Fantasy and Kingdom Hearts franchises with a passion. Regardless the console they are on, I will play them and love them. However, I do feel that Square abandoned its core fanbase when they decided to abandon Nintendo. Don’t get me wrong, they do still release some great games on Ninty, but to take the Final Fantasy Series away was like stabbing em in the heart and bringing in Link to smash the jars of Phoenix downs….

    I only wish the best for Square….but I still wish they would bring Final Fantasy home…

  3. LavenderMan says:

    I’d really like to see Square Enix bring the Kingdom Hearts HD Remixes to the Wii U.

    I’d flip.

  4. The Adza says:

    I could easily turn Square Enix profits around in a few simple steps.

    Release Bravely Default in the west. Develop sequel.
    Release Dragon Quest 7 in the west.
    Remake (without too much effort) Dragon Quest 8 for release on 3DS.
    Release the FFX HD remake for Wii U.
    Remake FFVII for the next gen consoles.
    Remake FF 8 and 9 for 3DS.
    Return mainline FF and DQ series of jrpgs to their roots of single player games.

    Get rid of all western devs. From what I understand, Tomb Raider sold over 4 million copies in the first month, but apparently it’s not enough to cover costs. Why?

    Reboot the Chrono series of games.

    That is all.

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