At an analyst meeting reported by Japan’s IT Media, Nintendo’s President Satoru Iwata implied that he may resign if Nintendo doesn’t meet investor goals by the end of the year. In a rough translation, Iwata stated that he felt responsible for “this severe outlook” as Nintendo has lost money for two-consecutive years.
Iwata emphasized his Bushido code by then continuing that making Nintendo a power house once again “is my commitment.” When asked how he would build profit growth for the once monolithic gaming company, Iwata explained, “We plan to actively release our key growth titles for Nintendo 3DS, which could potentially lead the markets this year.”
Iwata also stated that development groups for Nintendo’s handheld and home consoles will be merged to also assist with profit growth.
The company that once saved the home console from certain oblivion has seen two of their least successful hardware launches back-to-back in recent years. With Nintendo’s focus on increasing their software line-up, both with their first-party triple-A titles and with increased third-party support, the company, and now very much Satoru Iwata, had recently set their operating income goal to 100 billion yen, roughly $1 billion USD. With the goal, Iwata felt investors would stay positive if he put his job on the line. Nintendo’s fiscal year ends on March 31st, 2013.
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