Square’s CEO Quits after Poor Showing by Final Fantasy

Square reported a group net loss of $106.8 million for the six months through September 30. The film has generated revenue of about $30 million in the U.S. market, well below the targeted $80 to 90 million, and interest among Japanese consumers has also been weak. The earnings news came as no surprise to the market as the company issued a profit warning last week. Chief operating officer Yoichi Wada will take the top position on December 1, while Suzuki will remain as the chairman.