New Square Enix president promises a review of the company

Yosuke Matsuda says he'll look at the publisher and squeeze out what doesn't work.


New Square Enix president Yosuke Matsuda has promised a fundamental review of the publisher.

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"After having succeeded the important role as the president, I plan on reviewing all Square Enix duties, business and assets on a zero-based budgeting standpoint," Matsuda explained in a briefing to investors (via Siliconera).

Matsuda became Square Enix president last week following the resignation of Yoichi Wada amid the announcement of "extraordinary losses" in the company's financial report. Wada had held the role for over a decade.

"I'd like to fundamentally review what works and what doesn't work for our company," continued Matsuda, "then cast all of our resources towards extending what makes us successful and thoroughly squeezing out what doesn't."

Phil Rogers, the current CEO of Square Enix Europe, will be promoted to company director and assist Matsuda.

Yoichi Wada will remain at the company in a non-managerial role. "I will be retiring from the line of management, but I plan to work on site as a way to pay my debt to the company," he said.

Last week Square Enix blamed the poor performance of its titles in America and Europe for its unsatisfactory revenue, and instigated a major restructuring process that the company expects will lead to a loss of 10 billion yen for the financial year ending March 31.

The publisher is currently working on Lightning Returns: Final Fantasy XIII and HD versions of Final Fantasy X and X-2. A new Final Fantasy announcement has been promised for E3 2013, and Square Enix is also in charge of Eidos Montreal's next-gen reboot of Thief, which is due for release in 2014.

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