Yoichi Wada has stepped away as the CEO of Square Enix ahead of another disappointing year of financials from the publisher. Â The company which has seen critical success with its AAA titles in recent months, apparently hasn’t been able to capitalize on these great games. Â As a result, Square Enix will see a massive restructuring effort in attempt to right the ship.
Despite being received well by games media, their recent successes like Tomb Raider, Sleeping Dogs, and Hitman: Absolution had sales that were lower than expected.  These misses have forced the company’s hand in a costly restructuring effort that will translate the company’s projected profits into a massive $138 million dollar loss.
Wada has been the head of Square Enix since 2000, the new head of the company will be officially announced in June. Â 2012 and 2013 have showed a lot of promise from a gamer’s standpoint. Â The returns of Agent 47 and Lara Croft showed that there is still a lot of good ideas in the company’s portfolio. Â We’ll have to wait and see if these restructuring efforts will have any impact on games that are currently in development.
