Iwata implies he may resign over poor business performance

**Blacksite** · 02-01-2013

http://www.itmedia.co.jp/news/articl...1/news090.html
http://www.nintendo.co.jp/ir/en/libr...131/index.html

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.

via NeoGAF.

**claud3** · 02-02-2013

this would be shocking if he went through with this... But it is most likely a PR stunt, to make the company shape up and take notice of the slap in the face this is to the company it's self and how they have screwed up so much on launch of the Wii U

If we take this as gospel, then we are fools to believe him. Taking this with a pinch of salt and not believing it at all

**Blacksite** · 02-02-2013

Originally Posted by claud3

this would be shocking if he went through with this... But it is most likely a PR stunt, to make the company shape up and take notice of the slap in the face this is to the company it's self and how they have screwed up so much on launch of the Wii U

If we take this as gospel, then we are fools to believe him. Taking this with a pinch of salt and not believing it at all

Fools to believe the President and CEO of Nintendo? Okay.

**claud3** · 02-02-2013

come one friend... This is most likely not the first time he or others of other companies have tried this and it turning out to be an empty threat

And what has happened, the company stock's go up and sales are through the roof... All PR is good PR, or maybe him leaving will be a boost to the company...

Just covering all the bases here

**Blacksite** · 02-02-2013

Iwata is known to be humble and apologetic but you are free to pull up an article where someone else from Nintendo said something similar about risking their position if they couldn't turn the company around.

**claud3** · 02-02-2013

I do not have to, because the facts are there

each company on this planet has pulled the same stunt and won, with the top dog threatening to resign unless the stocks or sales pick up...

It's all about mid fucking everyone and getting your point across in a evil way

But this could actually be true and i am full of bullshit... But i am open minded to the fact he is lying

**Blacksite** · 02-02-2013

Look, all I'm asking is that you back it up with some facts. You told me you're not believing this at all but we are talking about Nintendo, not Sony, Microsoft, or any other company on the planet.