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Activist Shareholder Publishes 100-Page Critique, Pressures Square Enix to Rework Strategy

The push lands as Square Enix undertakes a restructuring that targets 70% QA automation by 2027 following job cuts.

Overview

  • Singapore-based 3D Investment Partners, holding about 14.36% of Square Enix, is urging a fundamental reassessment of the company’s medium-term plan.
  • The investor says earning power has deteriorated and calls for concrete countermeasures with clear KPIs, targets, and execution details.
  • The fund asked fellow shareholders to submit “frank views” for the board after what it describes as only a brief reply from president Takashi Kiryu.
  • The presentation highlights weak sales and high development costs, citing an average 15.6 billion yen per RPG versus Capcom’s 6.6 billion yen.
  • The move follows write-offs, underperforming flagship releases, and a “reboot” plan that critics argue lacks a concrete future vision.