Square Enix Shuts Down Shinra Technologies Cloud Gaming Subsidiary Company

on January 5, 2016 8:36 PM

Square Enix announced today with a press release that it’s shutting down its  subsidiary Shinra Technologies, that was opened about a year ago with the objective to explore cloud gaming tech and applications.

The company, which was led by former Square Enix CEO Yoichi Wada, woll be liquidated in 2016 in Japan, and in 2019 internationally.

In addition to that, the company announced an extraordinary (which in financial terms means that it applies only once) loss of two billion yen, to be registered within the consolidated financial results for the current fiscal year.

 /  Executive News Editor
Hailing from sunny (not as much as people think) Italy and long standing gamer since the age of Mattel Intellivision and Sinclair ZX Spectrum. Definitely a multi-platform gamer, he still holds the old dear PC nearest to his heart, while not disregarding any console on the market. RPGs (of any nationality) and MMORPGs are his daily bread, but he enjoys almost every other genre, prominently racing simulators, action and sandbox games. He is also one of the few surviving fans of the flight simulator genre on Earth.
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