As if EA’s John Riccitiello resigning for poor sales performance wasn’t enough, Square Enix's Yoichi Wada has recently taken himself to the chopping block due to the company's "Extraordinary loss" in sales performance.

The company blamed "slow sales of major console game titles in North American and European markets" alongside a "sluggish performance" from its arcade sector. Square Enix's losses were originally predicted at 3.5 billion yen, but have now been revised to forecast a 13 billion yen loss at the end of the fiscal year - a staggering 10 billion yen more than was expected.

Yosuke Matsuda will replace Yoichi Wada in June of this year.