$131 million loss looms.
By Tim Colwill on March 27, 2013 at 8:45 am
Expecting to make a tidy 3.5 billion yen profit by the end of March this year, the company is instead facing a massive loss of 13 billion yen ($131 million AUD). According to their consolidated results report, this is “primarily due to slow sales of major console game titles in North American and European markets”.
CEO Yoichi Wada has tendered his resignation in the wake of the report, taking responsibility for the failure in a manner similar to that of EA’s John Riccitiello, who resigned earlier this month.