Nikkei article looks at Nintendo's cash reserves, third year of losses, analyst commentary and more
Posted by GoNintendo Apr 01 2014 04:01 GMT in Nintendo Stuff
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The following is a fan translation of information coming from a Nikkei article...

- Nintendo rejected the suggestion of a Hong Kong investor that Nintendo move towards smartphone games with the observation "are there any companies that have had sustained revenue growth from smartphone games?"
- The head of a large Chinese investment firm assigned to analyze Nintendo observed that "Nintendo must leverage its intellectual property, such as its characters."
- A few years ago Nintendo was planning to open a theme park based on its characters in Kyoto, but the project has apparently got stalled
- comments on Nintendo's existing properties reflect the irritation of investors who believe that the company has not found new sources of revenue
- consolidated profits and earnings for the fiscal year ending in March showed a loss of 35 billion yen, (compared to a 36.4 billion yen loss the year previously) representing three consecutive years of losses
- Iwata said "only after playing the Wii U is it possible to understand its appeal. Low sales are due to the console being not well-enough known."
- Within the company, proposals for how to play the WiiU are being considere
- Current cash reserves are over 500 billion yen
- whether Iwata will be given unlimited time to fix things is a separate question.
- at the general meeting in March 2011, Iwata was reappointed with 92.89% of the vote, but in 2013 he was reappointed with only 77.26%
- June will be a true test for Iwata



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