“We face competition not only from Japanese videogame companies but from game companies worldwide. We also see some new players from outside the videogame industry coming in,” Square Enix President Yoichi Wada told the Reuters Global Technology, Media and Telecoms Summit in Tokyo.
“Economies of scale and breadth of scope is getting important. It may be a business alliance or it may be us taking a stake in others, but we need to go beyond traditional Square Enix.”
Square Enix, creator of blockbuster game series including “Dragon Quest,” “Final Fantasy” and “Kingdom Hearts,” was created in 2003 through a merger of two leading Japanese game makers.
Wada also said he aims to boost the ratio of overseas videogame software sales among its total game software revenues to 80 percent in three years from about 50 percent now.
(For summit blog: http://summitnotebook.reuters.com/)
(Reporting by Kiyoshi Takenaka and Noriyuki Hirata; Editing by Louise Heavens)
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