There can be a sense, sometimes, of doom and gloom around Nintendo - there are valid concerns for fans, but some fears can be overblown. While Wii U sales, unhappy E3 followers and more can have some trotting out the silly 'Nintendoomed' memes, it seems the company itself is relatively happy with its overall prospects.
Nintendo's 75th Annual General Meeting of Shareholders has taken place, and it saw ten proposed candidates re-elected to the board. These include key management figures familiar to fans:
- Director and President - Satoru Iwata
- Senior Managing Director - Shigeru Miyamoto
- Senior Managing Director - Genyo Takeda
Also of note is Nintendo's continuing strength in the stock market. Nintendo's share value initially spiked in March following the announcement of its smart device partnership with DeNA, increasing to levels - over 20,000 Yen per share - that hadn't been seen for a number of years. Despite a brief dip during E3, the shares have recovered back to their new norm, closing on 26th June at 21,780 Yen.
With at least one smart device game / app due this year, 2016 will also bring continued progress on QoL (Quality of Life) and the reveal of Nintendo's next gaming hardware, codenamed NX. These medium to long term prospects seem to be sitting well with investors.
[source nintendo.co.jp, via bloomberg.com]
Comments 36
That Fall/Winter Direct better bring it. Nintendo has got to have something up their sleeve.
I really want to hear about the Quality of Life pillar they are trying to make. It's becoming my personal Mother 3.
75th annual shareholder meeting? Sounds like a Quarter Quell.
There was no danger of anyone being booted this time. The investors are happy they announced mobile and will be waiting for their windfall from it. They don't care that Nintendo upset a bunch of it's hardcore fans at E3, as they know that's not where the money is.
Good to hear.
Good. Let's keep the hopes coming for a better future.
I read the piece on the company's focus shifting to the NX. Then I looked at the companies financial statements. Everything is fine at Nintendo. They'll continue to make U games while focusing on the future of the company. Just like any other successful business.
Well to be honest nintendo don't rush things and rightly so, I get frustrated at the way they do things but look at their games ten years ago put em on a 3d tv and they still look good, it's the same with anything else with nintendo the future anyway when is fast racing neo coming out should be a hoot!
In Shiggy and Iwata we trust.
@Peach64 Could have fooled me, with all the armchair analysts (and some paid shills) calling for the removal of Iwata yet again.
Interesting to think that the first few shareholder meetings were during the imperial buildup to WW2, and the various bombings on Japanese soil... The Yamauchi family was not affected by the war anywhere near as much as most Japanese were.
@PlywoodStick Armchair analysts are always correct in everything they say, even when said things turn out to be totally wrong, they're still always correct. And let's not forget that you can never go wrong when bashing Nintendo when knowing you are worshipping a company that's either considering pulling out the industry or relies entirely on its consoles to stay afloat.
End sarcasm.
The "Nintendoomed" has not been as bad as it was in 2013. That year was unlike any other with all the doomsaying going around from both industry professionals and enthusiasts. "Fire Iwata" was something you read every second day that year.
@DreamOn You must have missed 2011 after the 3DS launched. That was worse in my opinion. Shorter time frame though. The doomed comments over Wii U were more spread out.
"75th Annual General Meeting of Shareholders" - just let that sink in for a bit. Trolls will troll. Fortunately they don't (and probably can't) run a company in the kind of market as video game hardware manufacturing and software development (not that Nintendo has been doing that the last 75 years). Nintendo constantly takes risks and will always continue to do so. I think they are a thrilling company to follow and support. There is very low risk is releasing the PS4 when comparing it to the PS3. Even Fumito Uedo said that the PS4 resolved no technical limitations when compared to the PS3. It's literally just up scaled hardware, which is good an all, but very safe when it comes to hardware iterations. Sony is basically 'gimmick' free, which nearly guarantees the next Call of Duty will play like that last. And sell well. That market clearly exists and Sony handles it well. I just find it a bit boring, especially after gaming for over 25 years.
That's all well and good that they are trading strongly and all but the way the company direction has changed under Iwata hasn't impressed many long time Nintendo enthusiasts. I hope the NX is everything we've dreamed of; the spiritual successor to the SNES but I doubt it, not with this guy running the roost it's all about underpowered gimmicks. If it wasn't for the strong catalogue of first party titles, Nintendo's home console division would have tanked years ago.
@Gunnerholic All consoles are underpowered. The PS4 and XB1 are underpowered, outdated tech. The PS5 and XB4 will very likely be underpowered as well in order to be affordable to the mass market and so that they aren't massive money sinks.
@IceClimbers My point is the Wii U is severely underpowered compared to just about anything this generation. I dont ascribe to this idea that Nintendo machines should be only for first party titles, however amazing they are they are just too infrequent we need the third party titles to fill in the gaps. The Sony strategy seems about the best right now.
OVER 2000!!!!
Iwata will lead NIntendo to its doom
Nintendo's gonna go all out in 2016.
Iwata out. The man has sterilised all character from the Nintendo brand and failed to earn the company any credibility within the wider established gaming community during his decade in charge. I barely recognise the company that once gave us the zapper, mode-7 and a decent Zelda game.
Keep in mind that Iwata does not hold as much power as we think. I remember reading somewhere that Iwata wanted to implement features like universal voice chat, but the other,older members of the board shot the suggestion down
I can't bring myself to completly blame Iwata for all the bad decisions that are made when I know he's not the one calling the shots or gets turned down if he does
@Gunnerholic I wish fans would see this as well, Nintendo consoles being first party only is not something I like, I want more variety along with the amazing games Nintendo creates.
A pity! Iwata must stay, but all the other should be swiped of the board. Give them other roles, while putting other people in the board. Because Iwata "wise men" have made some VERY unwise choices the last years!!
Just like how as the Titanic sank, the captain continued to enjoy the full support of his crew and there were no efforts to relieve him of his command.
Man people are just never satisfied and mean , Nintendo is doing what Nintendo has always done and hit or miss they are never gonna please everyone at the same time , I've read some of these comments and laughed when I read one that insinuated there has not been a good Zelda game in years - REALLY ? I guess they never heard of Skyward Sword or A Link Between Worlds or even Hyrule Warriors, Hahaha LoL come on people .
@Will-75 what I love are all the Iwata hate posts... As if these armchair analysts knew a damn thing about business. Seriously, we're consumers, not creators. (And for those of you who say "I'm a creator!" lemme at your title so I can play it!) if they knew as much as they claimed to know, they would be running these companies, but most (if not all here) report to a supervisor at a job that has little to nothing to do with the gaming industry... 'nuff said.
@Platypus101 you are so right , LoL..
"but some fears can be overblown"
Understatement if I've ever heard it. I swear that I've been more annoyed by whining and hyperbole than anything actually being mentioned by Nintendo. You'd think Nintendo personally did creepy stuff to them or something with the way comment sections look.
Nintendo's returning to profits. That means that they'll have more money for their projects, and MORE projects. Plus extra resources for the NX. Some of those bitter gamers will not understand the significance of what it happening right now, and it's especially telling that Iwata, Reggie and Miyamoto were elected to return to their positions. If they really were that bad, shareholders would remove them in an instant.
Nintendo was NINTENDOOMED three times already!
Doom for SNES, N64, and GBA!
@Platypus101 I don't think 'we' do claim to be experts but in over 30 years of gaming it is possible to notice trends and disagree with the direction a company is moving particularly when you think back to.how successful said company was when they were at the cutting edge and gimmick free.
I'd argue Nintendo hardcore fans do bring a good share of the profits in, especially since we're the reason games like MK8 have sold 5.11 million on a system with 9.5 million units sold.
Anyway, whatever Nintendo does next, I guess I'm at peace with it. Even if they do go third-party and essentially make the console market even more homogenous, I guess the market has spoken, for better or for worse. Oh, and when game prices or services skyrocket because there's a single console manufacturer, don't say I didn't warn you about the dangers of wanting one console on the market.
@Sceptic Not going to lie, as the Titanic was sinking I doubt there would be anyone who would want to relieve the Captain of his command. I mean he would technically be the last to get off, essentially going down with the ship. Or is that what you are implying?
@Will-75 Hi! I'm glad you picked up on my Zelda jibe - if honest, it was said tongue-firmly in cheek and with bright neon trolling hook...I actually own all those games you mention - and I'm afraid recalling any of them doesn't incline me to retract my statement! (Ok, ALBW was decent but it would be pretty impressive to make a mess of a clone of (IMO) the greatest game in the series.)
@Will-75 I for one don't claim to know anything Nintendo's business that isn't already public knowledge.
@Gunnerholic Well said
Good news!
Show Comments
Leave A Comment
Hold on there, you need to login to post a comment...