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Shinji Hashimoto clears up Sony selling their shares

Posted

For those who were worried about Sony selling their shares of Square Enix last month, Shinji Hashimoto has cleared things up.

 

 

 

Q5 : What is the reason Sony has sold all SQEX stocks out from possession?
**Reference : http://www.eurogamer.net/articles/2014-04-16-sony-sells-all-its-square-enix-shares-for-28m

A : We don't think this became a big news. (laugh)
Back in 2001, Square had financial problem and Sony had bought our stocks.
Now the situation is contrary.
From that time we have good support from customers for our products, so SQEX is back on its legs, but Sony has declined.
The President of both companies had negotiation and resulted as everyone knew.
We did not have argument. Since once Sony helped us, so it was the time we help Sony back.
Sale of PS4 is no problem and it is still available.

(Mr. Hashimoto wanted to convey that SQEX did not have financial problem.
But Sony needed to have better cash flow from SQEX selling stocks.)

 

Thanks to a member at Mognet Central.

 

See! Nothing to worry about.

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I knew it was nothing bad. Good for Square!

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