Square Enix Undergoes Major Restructuring: Matsuda Steps Down as President

03/03/2023 09:11 • Crypto & Markets • 63 views

It is reported that Square Enix, the developer of “Final Fantasy” and the Japanese game giant, announced a major restructuring. President Yosuke Matsuda will resign and is likely to completely withdraw from the company. Takashi Kiryu, who once served as the general manager of Square Enix in China, will be appointed as a new president, subject to the approval of the shareholders’ meeting. The reason for Matsuda’s resignation is unknown, but it is said that it may be related to his commitment to the NFT business. Previously, he said in Square Enix’s annual letter that he would adhere to the blockchain investment strategy and disclosed that he was developing several blockchain games based on original IP.

Yosuke Matsuda, president of Square Enix, resigned or related to his NFT business commitment

Square Enix, the developer of popular video game series “Final Fantasy” and a giant in the Japanese gaming industry, has recently announced a major restructuring of the company. President Yosuke Matsuda, who has been at the helm of the company since 2013, will be stepping down from his position and may even be completely withdrawing from the company. Taking his place as the new president is Takashi Kiryu, a former general manager of Square Enix in China.

The Resignation of Yosuke Matsuda: A Mystery

The reason behind Matsuda’s sudden resignation from the company remains unclear, but rumors suggest that it may be related to his commitment to the NFT business. In Square Enix’s annual letter, Matsuda had expressed his commitment to blockchain investment strategy and revealed that the company was developing several blockchain games based on original intellectual property.

Takashi Kiryu: The New President of Square Enix

Subject to the approval of the shareholders’ meeting, Takashi Kiryu will be taking over as the new president of Square Enix. Kiryu has previously served as the general manager of Square Enix in China, and is known for his expertise in the Chinese gaming market. This new appointment is expected to bring about major changes and further expand the company’s presence in the wider Asian market.

Restructuring: What to Expect

As part of the restructuring process, Square Enix plans to consolidate its business units into four core areas: digital entertainment, amusement, publishing, and merchandising. This move is expected to streamline operations and increase efficiency, allowing Square Enix to respond more effectively to market demands and trends.

The Future of Square Enix

The restructuring of Square Enix has sparked a lot of discussion and speculation about what the future holds for the company, especially in the gaming industry. With the increasing popularity of blockchain technology and NFTs, it remains to be seen how much emphasis Square Enix will place on these developments. Nevertheless, the company’s commitment to original IP and innovative game development has been a hallmark of the company’s success and is likely to remain a focal point moving forward.

Conclusion

In conclusion, Square Enix’s recent announcement of a major restructuring and the sudden resignation of Yosuke Matsuda has raised questions about the company’s future direction and focus. However, with Takashi Kiryu taking over as the new president, there is optimism that Square Enix will continue to thrive and innovate in the ever-evolving world of gaming.

FAQs

Q1. Who is the new president of Square Enix?
A1. Takashi Kiryu, a former general manager of Square Enix in China, is the new president of Square Enix.
Q2. What is the reason behind Matsuda’s resignation?
A2. The exact reason behind Matsuda’s resignation is unknown, but rumors suggest that it may be related to his commitment to the NFT business.
Q3. What areas will Square Enix focus on as part of the restructuring process?
A3. Square Enix plans to consolidate its business units into four core areas: digital entertainment, amusement, publishing, and merchandising.

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