Joystiq http://www.joystiq.com Joystiq http://www.blogsmithmedia.com/http://www.joystiq.com/media/feedlogo.gif Joystiq http://www.joystiq.com en-us Copyright 2013 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Tecmo Koei CEO quits, Koei founder steps up]]>http://www.joystiq.com/2010/11/08/tecmo-koei-ceo-quits-koei-founder-steps-up/http://www.joystiq.com/2010/11/08/tecmo-koei-ceo-quits-koei-founder-steps-up/http://www.joystiq.com/2010/11/08/tecmo-koei-ceo-quits-koei-founder-steps-up/#commentsIf there's anyone who knows about manipulating the balance of power, it's Kou Shibusawa, who created Koei's classic war games Nobunaga's Ambition and Romance of the Three Kingdoms -- and, in fact, created Koei in 1978, in partnership with his wife.

It turns out Shibusawa (real name Yoichi Erikawa) didn't need that tactical expertise to achieve the CEO position at Tecmo Koei Holdings, because he just inherited it when current CEO Kenji Matsubara left the company. According to Andriasang, Matsubara cited "personal reasons" for his departure, announced during a board meeting.

Matsubara's exit coincides with the release of Tecmo Koei's earnings for the period from April 1 through September 30. The company made 11.069 billion yen in sales ($136.48 million), 27.5% lower than last year. The report noted successful releases for Metroid: Other M and Quantum Theory, and that losses were due in part to the delay of Trinity: Souls of Zill O'll, and to investments for titles coming out in the next quarter -- which includes last week's Fist of the North Star: Ken's Rage.

JoystiqTecmo Koei CEO quits, Koei founder steps up originally appeared on Joystiq on Mon, 08 Nov 2010 18:30:00 EST. Please see our terms for use of feeds.

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