PS2 News: SquareSoft president and CEO resigns - PS2 News

Members Login: Register | Why sign up? | Forgot Password?

SquareSoft president and CEO resigns

  SquareSoft has officially announced the resignation of their president and CEO, Hisashi Suzuki, after the report of the company’s worst half-fiscal year loss in history. SquareSoft reported a 13.28 billion yen ($107 million) loss for the half year ending September 30 and expects a 17.70 billion yen ($143 million) loss for the entire year. Current CEO Yuichi Wada will replace Suzuki on December 1 and will stay as the company’s chairman. The financial loss Square has suffered comes after a 700 million yen profit last year. The Final Fantasy film is the main reason for the loss and Square hopes sales of Final Fantasy X will bring the company closer to profit.

11/26/2001 Matt Stensrud

Put this on your webpage or blog:
Email this to a friend
Follow PSX Extreme on Twitter

Share on Twitter Share on Facebook Share on Google Share on MySpace Share on Delicious Share on Digg Share on Google Buzz Share via E-Mail Share via Tumblr Share via Posterous

New Comment System

Legacy Comment System (0 posts)

There are no comments to display.

Leave a Comment

Please login or register to leave a comment.

Our Poll

How often do you visit the site?
Once a day
Several times a day
Every few days
Once a week
This is my first visit
I've never been here, even now I am not here

Previous Poll Results