Profits up a whopping 70 percent
Merges with a medical tech company, of all things
$1 billion added to company value
Could this be the birth of Nintendo Austria?
As we all know, Nintendo has offices all over the world which handle the marketing and distribution of the company's products in different regions — we've got Nintendo of America, Nintendo UK and Nintendo of Europe, for example. We could now be seeing the formation of an Austrian office, as Nintendo...
Nintendo willing to splash $1.1 billion in buyback deal
It was previously reported that Nintendo was looking to buy back as many as 10 million of its own shares in a buyback deal, and today more details regarding that arrangement have been revealed. Bloomberg is reporting that the heirs of
Iwata halves his salary, Miyamoto takes a 30 percent cut
It has been revealed that Nintendo president Satoru Iwata will be taking a 50 percent pay reduction following Nintendo's recent financial results. He's not the only one taking a cut; legendary game designer Shigeru Miyamoto will see his wage slashed by 30 percent, as will fellow Nintendo...
Biggest decline since September
The recent news that Nintendo expects to sell less Wii U and 3DS consoles — as well as make a loss — has caused the company's share prices to drop dramatically. Friday's announcement that Nintendo expects to make an operating loss of 35 billion Yen ($335 million / £205 million) this financial year — after...
Nintendo's "ups and downs" are what make the company great
Yesterday, Nintendo revealed that it was slashing its hardware projections for this financial year and that it expects to make a loss — not the kind of news that under-fire president Satoru Iwata will have wanted to impart to investors and shareholders, we're sure. Iwata himself has...
"We are thinking about a new business structure"
The news that Nintendo has reduced its hardware sales projections for this financial year and expects to make a loss has come as quite a blow to dedicated followers of the company, and has led some critics to repeat claims that the firm needs to move away from making its own hardware and embrace rival...
No management shake-up expected
Nintendo president Satoru Iwata has taken responsibility for the poor financial results posted earlier today but has insisted that he will remain in charge in order to steer the Japanese company through these testing times. Nintendo's latest report reveals that it expects to sell less Wii U and 3DS consoles by the...
Says consoles' demands are making consumers turn to mobile
Lately, it seems Nintendo has received its fair share of disparaging remarks from EA representatives, along with unflattering comparisons to Apple. And now today, at D.I.C.E. Europe, came the one-two combo of an EA executive unflatteringly comparing Nintendo to Apple. EA Chief Creative...
The late Hiroshi Yamauchi kept the team in Seattle
One of the many stories surrounding the remembrance of former Nintendo President Hiroshi Yamauchi is how he's considered the saviour of the Seattle Mariners baseball team, taking a majority share of the organization in 1992 when its previous owner was about to sell it to a Florida group. Yamauchi's...
“Sega understands our drive to achieve quality”
With news that Sega Sammy has acquired Atlus’s parent company, Index still being freshly digested by many, Atlus President and CEO Naota Hiraoka has released a statement addressed to the company’s fans and customers. Hiraoka gives a brief recap of Index’s troubles and how Atlus will continue...
Could the esteemed Shin Megami Tensei developer become an in-house studio?
Atlus may be riding high on the success of Shin Megami Tensei IV, but its parent company Index is in serious financial trouble and is likely to begin auctioning off its assets — Atlus included — as early as this week. Interestingly, there are rumours circulating that...
Nintendo's former figurehead impacted by tumbling share value
Having $2.1 billion in the bank would make us very happy indeed, but that amount of cash can only secure you 13th place in Japan's rich list, according to Forbes. Former Nintendo President Hiroshi Yamauchi used to be sitting pretty at the top of Japan's richest people, but his fortunes...
Ho Ho Bros
It's almost that time of year, when everyone is merry, bright, and decking the halls with boughs of holly. Whether we like it or not, it's creeping up fast. Buying cards for this festive time, meanwhile, can often be a little bit dull, but GamerPrint has something to offer gamers for the upcoming holiday season. The gaming enthusiast's...
Glowing praise from an unlikely source
As the Nintendo-loving world waits with bated breath for the Wii U to launch and various skeptics pour scorn over its chances, it would appear that the new format has unequivocal support from one sector of the market, at least. Business Insider's Dylan Love got some hands-on time with the new console at a...
"We take our responsibilities as a global company very seriously"
Yesterday, allegations surfaced online that Chinese manufacturer Foxconn - which counts Nintendo, Sony and Apple as some of its clients - was employing children in its factories. Foxconn has since admitted guilt, issuing the following statement: We recognize that full...
Are you sick of hearing people saying that Nintendo should start making games for smartphones? Yes? Well prepare yourself for more nausea, because a new pressure group - with the snappy title of Nintendo Go Mobile - has been created to achieve just that goal. Here's what they have to say, spelling errors and all: Nintendo go...
Is that a flying pig?
After today's financial reports confirmed major losses for Nintendo, there are once again calls for the company to take its greatest IP treasures onto other platforms, such as smartphones and tablets. We've heard this all before, with investors saying similar things when Nintendo dropped the 3DS retail price. It's as likely now...
Time for a transition
Today Nintendo announced its annual financial results, and the big headline is that it made a loss of 43 billion Yen, roughly $529m USD or £327m GBP. While we don't need to fear for the future of the company at this stage due to its significant stockpiles of cash and assets, it’s nevertheless a blow for the big N. The loss...
If in doubt…
Nintendo is set to announce its latest financial results that will cover the past year, and it’s anticipated that, for the first time in its history, the company will record a yearly loss. It’s an obvious blow for Nintendo, particularly as the past five to six years have brought staggering success. Even the results for 2010-2011...
President comes out swinging
One of the most anticipated 3DS games is nearly here: Super Mario 3D Land releases in Japan next week, and Nintendo president Satoru Iwata expects it to ignite 3DS hardware sales. Speaking to investors after the company's quarterly results, Iwata revealed that since the price drop the 3DS is selling at a better pace than...
Not all doom and gloom
Nintendo just posted a 70 billion Yen loss: even the least economically minded of us can tell you that's not good. Every cloud has a silver lining though, and in this case it's the dramatically increased upswing in sales of the 3DS. In the period between April and June 2011, Nintendo shifted just 710,000 consoles around the world: in the period between June and September it..
The results are in
Nintendo's quarterly financial results just appeared on the company's Japanese site and, as expected, the company is still struggling in the market. Nintendo failed to meet its sales targets set in July 2011, with DS software and the 3DS still dropping short of expectations, missing its ¥240 billion income target by 10%. This in...
"Putting smiles on faces" paramount
Nintendo is all about creating games, but it's also a huge company with all the business stuff that entails: shareholders, finance sheets and stacks of paperwork. Business documents can be exceedingly boring, but when Nintendo's Corporate Social Responsibility (CSR) report starts with a message of "Bringing...
Cuts sales projections for Wii and DS
The accounting period just before launching a new console is always a tough one: who's likely to shell out for a machine when a newer, shinier model is on the horizon? Perhaps that's partly to blame for a sharp decrease in Nintendo's third-quarter profits which saw the company's operating profit drop to $1.3...
Studio to be absorbed like one of Bomberman's explosions
Hudson, well known for its Bomberman and Deca Sports series, is to be fully absorbed by Konami on April 1 of this year. Konami, the studio behind Castlevania, Dance Dance Revolution, Silent Hill and many other titles has been Hudson's parent company since April 2005, holding a 54% stake. The...
Collaboration intends to get more people active through physical play
Nintendo and the American Heart Association have announced a new partnership to help people become more physically active through play. The collaboration aims to get people "motivated, empowered and active." What this means on a surface level is that Nintendo's "active" games, including Wii Fit Plus and Wii..
Says a pay service isn't out of the question
Compared to Xbox Live and PlayStation Network, the Wii's online service is...somewhat lacking. While functional when put to use by capable hands, the Wii's free online is undoubtedly in last place when it comes to services, ease of use and capabilities offered. But hey, it's free, right? For now it is, at...
Could she be a Red Sox fan?
Denise Kaigler, former vice president of corporate affairs at Nintendo of America, has reintegrated herself into the video game industry after giving up her position last November due to the strain commuting had put on her family life. Prior to her two years of service at Nintendo, Kaigler held a marketing executive position at Reebok for 16 years. With all of this..
Unwilling to let GameCube compression tech go
Nintendo recently renewed their license with S3 Graphics to continue using their S3 Texture Compression technology. They explain the tech as follows: S3TC texture compression uses an advanced compression algorithm that achieves up to six-fold compression of complex textures and images that are used in today's hardware accelerated gaming titles. This..
Are you going to argue with the experts at A.T. Kearney, punk?
As hardcore Nintendo fans we're all aware that the company is pretty freakin' special. However, it's always nice to have this kind of thing confirmed semi-officially, so the fact that highly respected consulting firm A.T. Kearney has decided that Nintendo is the number one firm in the world when it comes to 2008 sales and international..
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