After predicting “extraordinary losses” in its latest investor report, Square Enix is undergoing a restructuring and change in leadership.
The company’s CEO, Yoichi Wada, has resigned his position, with former company director and CFO Yosuke Matsuda taking the reins pending shareholder approval in June.
Square is projecting a net loss of 13 billion yen (about $138 million) this fiscal year, blaming slow sales of major titles in North America and Europe.
Source: Square Enix
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