Tecmo Koei's sharp losses were almost overshadowed by some boardroom drama. Kenji Matsubara, the president and CEO of Tecmo Koei Holdings, announced at a board meeting that he is resigning for personal reasons. Matsubara is also stepping down as president and CEO of the Tecmo Koei Games label. He will reportedly be replaced in all four positions by Yoichi Erikawa, cofounder of Koei.