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Square Enix explains Yoichi Wada’s new role as Chairman for Square Enix Tokyo

Friday, 28th June 2013 16:52 GMT By Stephany Nunneley

Square Enix has explained Yoichi Wada’s new position at the firm as its Chairman of the Board.

According to Joystiq, Wada left the management of Square Enix Holdings Co., Ltd and “no longer has any role in the parent company.

“Currently, he is overseeing a portion of the business within Square Enix Tokyo, one of the subsidiaries of the parent company,” the statement given to the site reads. “These businesses include emerging markets as well as social and mobile businesses.”

Wada’s current title of Chairman for Square Enix Tokyo doe snot give him the right of representation for the company as he holds “no authority in terms of the management of the Group.”

Wada left the CEO position in March and CFO Yosuke Matsuda took over the position.

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4 Comments

  1. Darth-Bader

    Good riddance! a month after his departure Square unveiled Final Fantasy XV and KH:3. Square can only do better now that he’s gone!

    #1 1 year ago
  2. BD

    Actually, it’s him that kept Final Fantasy XV and KH3 alive, while someone else would have killed both games because they were INSANE money sinks.

    Active or suspended development after investing tens of millions of dollars without a push for release is the worst thing you can do, because you’re investing into something you’re not getting a return on.

    He technically got shot a year before he’d be able to reap the rewards of his decisions (new consoles).

    The rewards will be reaped by the new president, who would have canceled both projects had he taken over two years ago.

    So it goes.

    #2 1 year ago
  3. salarta

    Wada is a mixed bag of issues. He’s not the real problem at Squeenix, people like Toriyama are. Aside from one Western game and the original problems with FFXIV, every game out of Squeenix that has been really, really bad has come from Toriyama. Furthermore, it’s games that Toriyama is on where the people working on them are compelled to lie and make up excuses both for quality problems and to dupe people into buying the games.

    However, ultimately it WAS Wada’s fault, in the same way that a supervisor is to some extent responsible for the work done by employees under him or her. With Wada at the helm, we had Toriyama given increasingly more responsibility with every failure, and the kind of culture where lying about the content of your games to brush off criticism and sell your games is something that was essentially condoned by Wada by him not stepping in to set things right.

    He’s Chairman of the Tokyo branch, so my guess is that these problems are going to continue. But I hope that is not the case. Maybe this situation means the new main person in charge has better ideas; after all, right now we have Versus 13 promoted to FFXV, and the only project Toriyama’s got on his plate is Lightning Returns, which appears to be getting downplayed compared to the ludicrous hyping of the so-called FF13 games.

    #3 1 year ago
  4. Gheritt White

    @3: And which Western game was that, out of curiosity? Was it the one you haven’t actually played?

    #4 1 year ago

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