Iwata to resign if Nintendo cannot meet operating income this year

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User Info: methosagain

4 years ago#1
Iwata implies he may resign over poor business performance #1

Translation of ITmedia report follows:

At an analysts' meeting on the 31st, Nintendo President Satoru Iwata (53) implied that there is a possibility that he may resign if he is unable to achieve 100 billion yen (US$1.09963 billion) in operating income for the next fiscal year. The company had recently revised its forecast for operating income for the full year ending March 31, 2013 to -20 billion yen (US$220.144 million), making the goal a high hurdle. Iwata aimed to appeal to investors by putting himself on the line to recover the business.

President Iwata, having seen 2 consecutive years of losses, apologized by saying, "We feel greatly accountable for this severe outlook." He further explained that the basis of meeting the goal by saying, "...we plan to actively release our key titles for Nintendo 3DS which could potentially lead the markets this year."

In the midst of sluggish sales for the next-generation home console Wii U released last year, Iwata also indicated that portable and home console development groups would be merged.

When asked how he would take responsibility if the goal is not met, Iwata emphasized his strong determination by saying, "Please understand that [achieving it] is my commitment."

Iwata, formerly the president of a development company making games for Nintendo, was selected in 2002 at the young age of 43 by former Nintendo President Hiroshi Yamauchi, being called a person who had skill in both game development and administration.

Shares of Nintendo stock were sold off on the Osaka Securities Exchange on the 31st, at one point falling 530 yen from the previous close to 8820 yen.
Law of the universe states the strong shall survive and the weak fall by the way, I don't give a damn what idealistic plan is cooked up, nothing changes that

User Info: NintendoGamer83

4 years ago#2
Nintendo: Leading the way for others to follow.

User Info: LemonKweenstaaa

4 years ago#3
Try using full links instead of abbreviated ones
Official Orange Sherbet of the IDF
31,795 > 66,980 -Sailor Goon

User Info: Accrovideogames

4 years ago#4
If that's true, that's some pretty good news regarding Nintendo's future.

LemonKweenstaaa posted...
Both of those links lead nowhere.

*Goes to check the links.* You're right, TC is trying to fool us, those "websites" are "page not found" types of sites.
I'm French speaking.
23, Male, Quebec

User Info: splodeymissile

4 years ago#5
The first link presents me with random Japanese text. The second is a bit better, I get a snazzy picture of 8-bit Mario.
I've seen the colour of my soul and it's black.
Nintendo network ID: missile

User Info: FFXIgaiaknight

4 years ago#6
*read topic header* *reads very first sentence of his post* you do realize TC that your topic says he will resign were as your post says he hints that he may resign.
NNI: Gaiaknight

User Info: thundercat2600

4 years ago#7
Time for this clown to go. Nintendo needs a new leader, not this spineless sad sack who spends most of his time apologizing, making excuses, and back pedaling.
they have the PC version of Darksiders 2 running on WiiU in 1080 native at 60 fps and full graphics options on. Neither 360 or PS3 can come close

User Info: SegavsCapcom

4 years ago#8
Endgame is going to be quite happy.
My sig will never happen, but it would be awesome if it did.
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