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"Square Enix president Yoichi Wada has resigned from his post after the firm posted &amp;quot;extraordinary&amp;quot; losses for the financial year. Wada will be replaced as Square Enix president by Yosuke Matsuda amid major restructuring plans for the Final Fantasy publisher.  The company had originally expected to make nearly \u00A325 million in profit, according to Eurogamer, but will now make a \u00A390 million loss.  Nearly \u00A370 million will be lost through the implementation of &amp;quot;major reforms&amp;quot; and the restructuring of its &amp;quot;development policy, organizational structure, some business models, and others&amp;quot;. It is believed that the publisher has already sold off some of its upcoming free-to-play projects, for example. Square Enix also blamed slow sales of major console games in North America and Europe, as well as the sluggish performance of its arcade machine business.   Recent Square Enix releases include Sleeping Dogs, Hitman: Absolution and Tomb Raider, the latter of which broke series sales records during its first week on sale. The firm will reportedly release Final Fantasy XV exclusively for the PlayStation 4. &amp;gt; Read Digital Spy&amp;#039;s Tomb Raider review &amp;gt; Read Digital Spy&amp;#039;s Sleeping Dogs review &amp;gt; Read Digital Spy&amp;#039;s Hitman: Absolution review Watch a trailer for Tomb Raider below:  "^^<http://www.w3.org/2001/XMLSchema#string>
<http://www.digitalspy.com/gaming/news/a468490/square-enix-president-leaves-amid-extraordinary-financial-losses/>