Former Square Boss Says Enix Merger Was a Complete Failure
Hisashi Suzuki comments on what he considered a move with "no vision"
Hisashi Suzuki, president of Square Co. from 2000-2002, hit up Twitter recently to air out some thoughts on the company’s 2003 merger with Enix. Spoiler: they’re not happy thoughts. As far as he’s concerned, “The merger was a complete failure. There’s no vision for the future.”
Suzuki—who went on to serve as a director at Square Enix from 2003-2005, and is currently a director at Sega—claimed the total value of publicly traded stock isn’t any higher than it was prior to the merger. He also cited Square Enix’s recent losses and heavy development costs.
While sales were up for Square Enix in the first half of its fiscal year, results showed a ¥5.4 billion ($67 million) net loss during the past six months. As Suzuki pointed out, much of this can be attributed to development costs, among other factors.
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Joseph Luster is the Games and Web editor at Otaku USA Magazine. His blog can be found at subhumanzoids. Follow him on Twitter at @Moldilox.