Yoichi Wada Has Become an Outside Board Member of Genda
Genda announced that it added former Square Enix President Yoichi Wada as an outside board member. The company, currently known for running Sega’s amusement facilities, added that Wada’s management experience will help it build an even stronger management structure. [Thanks, 4Gamer!]
Born in 1959, Yoichi Wada quickly rose through the ranks in his career after joining Square in April 2000. In just eight months, he became the CEO of the company in December 2000. He also oversaw the merger between Square and Enix, which concluded in 2003, and was appointed as the new company’s president. Wada also became Taito’s president after the subsidiary, acquired in 2005, was restructured in 2006. In the same year, he became the chairman of the Computer Entertainment Supplier’s Association, which primarily holds the annual Tokyo Game Show.
Bandai Namco Will No Longer Handle Amusement Facilities in America
Bandai Namco Holdings published a press release stating its intent to withdraw from the amusement facility business in North America by transferring related assets to three unnamed companies. [Thanks, DenFamiNico Gamer.]
The company group made the decision to withdraw as the COVID-19 pandemic heavily impacted business . Its subsidiary company, Namco USA Inc, handled the group’s amusement facilities since its establishment in July 1990. It directly owned 35 stores in total, with one of them being uniquely classified as a large store. It also handled 760 locations with shared revenues.
Bandai Namco will officially transfer all of the aforementioned assets to three other companies on March 31, 2021. It will include the losses and expenses from the ailing business into the extraordinary loss of 13 billion yen at the end of the current fiscal year on the same day.
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