In 2013, news reached our ears that Yoichi Wada had stepped down as CEO of Square Enix after a particularly bad report to investors. Many gamers actually felt this was good news for the company, which has been on a downward spiral for a few years now, although the Western studios (previously Eidos) had been doing well. Now, Yoichi Wada has left the company completely, and it seems that gamers’ opinions of his work were justified.
Since Yoichi Wada stepped down, the share price for Square Enix has been steadily increasing, which means that at the very least, Wada was seen as one of the problems in the company. This is probably true when you consider that during his reign, Square Enix developed several exclusive JRPGs for Xbox 360, despite the PlayStation 3 and Wii having a much larger market share, at a time when next generation development was very expensive with a lot of competition from Western developers.
Final Fantasy XIII took Square Enix is a more and more westernised direction for RPGs, but during Square Enix’s first ever E3 press conference, Yosuke Matsuda announced a newly created studio dedicated to JRPGs – Tokyo RPG Factory. On top of that, he announced that they are working on a brand new IP Project Setsuna. Since he’s been in charge, we’ve seen the announcement of Kingdom Hearts III and a Final Fantasy VII Remake, and that’s on top of the quality games that Eidos is already pumping out such as Hitman, Deus Ex: Mankind Divided, and Rise of the Tomb Raider!
No wonder the share price is rising, it feels as though Square Enix maybe on the right track for the first time in years.