RPGFan


New Square Enix Merger Details Revealed

First details regarding the newly created company, Square Enix, have been released. The new company's CEO will be current Square President and CEO Yoichi Wada, while Enix's chairman Yasuhiro Fukushima will continue to serve as chairman of Square Enix. Former Square President and current chairman of Square's board of directors, Hisashi Suzuki will serve as a part-time member of the new company's board of directors. Enix COO and President Keiji Honda will become Square Enix's vice president.

The merger will not affect Square's close connections to Sony Computer Entertainment, however SCE's stake in the new company will be reduced to 8% (currently SCE holds a 18.6% stake in Square). The new company's headquarters will be housed at Enix's current location, placed conveniently in Tokyo's Shibuya district. There will be no merger-related lay-offs.

Performance-wise, the new company plans to generate sales totaling 61 billion yen ($499.71 million USD) by the end of the next fiscal year, thereby becoming the world's No.7 game producer (measured by sales).

There are no plans to merge the two companies' most heralded properties, the Final Fantasy and Dragon Quest series. The combined sales of both series' amount to a grand total of 72 million copies (Final Fantasy: 42 million copies, Dragon Quest: 30 million copies) worldwide.

A press conference will be held on November 29th to explain the details of the merge in-depth.


Back
Updated:
11.26.02 - 2:07 PM
Chris Winkler




Twitch Schedule & Status

Sundays
April 21: TBA • 10am PDT/1pm EDT
The Legend of Zelda: A Link to the Past w/ Mark • 1pm PDT/4pm EDT

Mondays
Suikoden II w/Maxx • 12pm PDT/3pm EDT
Digimon Story: Cyber Sleuth - Hacker's Memory w/Kat • 4pm PDT/7pm EDT

Tuesdays
Final Fantasy VIII w/Kyle • 3pm PDT/6pm EDT
Shin Megami Tensei: Digital Devil Saga w/Scott • 7pm PDT/10pm EDT

Wednesdays
Mass Effect 2 w/Nathan • 10am PDT/1pm EDT
Shin Megami Tensei: Digital Devil Saga w/Scott • 7pm PDT/10pm EDT

Thursdays
Tales of Vesperia - Definitive Edition w/Kat • 4pm PDT/7pm EDT
Shin Megami Tensei: Digital Devil Saga w/Scott • 7pm PDT/10pm EDT

Fridays
Super Robot Wars X w/Kyle • 3pm PDT/6pm EDT
Final Fantasy XIV Online w/Scott • 7pm PDT/10pm EDT

Saturdays
Final Fantasy XIV Online w/Scott • 3pm PDT/6pm EDT

Retro Encounter 184: Ys: The Oath in Felghana Part II

Retro Encounter 184: Ys: The Oath in Felghana Part II

Podcast
Edge of Eternity Preview

Edge of Eternity

Preview
Pathway Review

Pathway

Review
Zanki Zero: Last Beginning Review

Zanki Zero: Last Beginning

Review
Persona 4: Dancing All Night OST Review

Crowdfunding Chronicles Volume 10

Bi-weekly Column