Square Enix held their annual shareholders meeting today and Japan, which consisted of a brief Q&A held by CEO Yoichi Wada.

While a good majority of the discussion focused on the economy, Eidos and Dragon Quest X, someone else decided to question the oft-requested Final Fantasy VII remake.

In response to the question, Wada said, “we’ll make a Final Fantasy VII remake once we’ve made a Final Fantasy game that exceeds the quality of FFVII. The company is not making Final Fantasy games that exceed the quality of FFVII. If [we] were to release a 7 remake right now, the FF franchise would be done with.”

Although FFVII is extremely popular, and there were indeed multiple talks surrounding a remake within the company, Wada thinks the Compilation has reached an ending point. He goes on to say that the staff would indeed be happy to work on a Final Fantasy VII remake, however they would of course have to put their entire effort behind it.

No mention of Final Fantasy Versus XIII or Final Fantasy X HD was made at the event.

Via: AndriaSang.