Iwata explains share buyback, working on rebuilding Nintendo, Wii U 'isn't in good shape'
Coming from Satoru Iwata...
“That won’t merit shareholders, that’s why we decided on the buyback, but that’s not all the reason. We’ve been rewarding our shareholders mainly through high dividends, but we cannot generate as much profit as we used to make.
I’m concentrating my mind on how to rebuild Nintendo rather than how I would take responsibility when things don’t work out in the future. The Wii U isn’t in good shape. That’s the presumption we have as we consider reform.”
Link
“That won’t merit shareholders, that’s why we decided on the buyback, but that’s not all the reason. We’ve been rewarding our shareholders mainly through high dividends, but we cannot generate as much profit as we used to make.
I’m concentrating my mind on how to rebuild Nintendo rather than how I would take responsibility when things don’t work out in the future. The Wii U isn’t in good shape. That’s the presumption we have as we consider reform.”
Link
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