New rumors have suggested that some members of the Nintendo management team are devising a scheme to get rid of company president Satoru Iwata. According to the recently-surfaced rumors, the executive is one of few Nintendo employees that are refusing to bring the publisher’s popular games to smartphones. It was recently revealed that Iwata has been re-elected as the head of Nintendo.
Nintendo spokesperson Yasuhiro Minagawa has revealed that company president Satoru Iwata is “recovering steadily.” During the executive’s absence, however, the firm won’t make important decisions. Iwata recently endured surgery to remove a bile-duct growth. As a result, he missed Nintendo’s annual shareholder meeting and this year’s E3 trade fair in Los Angeles.
“Iwata is recovering steadily,” said Minagawa. “There is no interference with his business as president.”
Nintendo’s Corporate Social Responsibility Report is now available to view in English and is well worth a read. There’s even a segment from Nintendo president Satoru Iwata which is titled Adapt to Changing Times and Seek Out Challenges. The article outlines Nintendo’s ultimate goal of redefining entertainment and mentions how the company plans to adapt and improve in the future.
Nintendo CEO Satoru Iwata was recently re-elected as company president at the annual shareholders meeting – and he’s had an approval rating boost. The CEO had a tough time last year when his rating slumped to 77.26 per cent, down 13.34 per cent from 2012’s 90.60 per cent. However, his approval rating this year has been boosted a further 3.38 per cent from last year’s lowest score yet, totalling 80.64 per cent for 2014.
Due to surgery in order to remove a bile-duct growth, Iwata could not attend this year’s shareholders meeting, but is recovering well as reported in his statement last week.
Approval ratings have also been revealed for other board members, with Mario creator Shigeru Miyamoto down 5.93 per cent from last year and equalling 86.81 per cent for 2014, along with former Nintendo of America president Tatsumi Kimishima falling to 89.11 per cent from 2013’s 92.82 per cent.
Though – in general – Nintendo board members approval ratings have fallen slightly, Iwata’s has risen, which could mean he’s in good stead to remain as company president following this year.
Nintendo’s CEO Satoru Iwata has announced he will miss the company’s 74th AGM with shareholders due to medical conditions. In a statement issued by the president this morning, Iwata explained his absence at the AGM, referring to his recent surgery and the treatment to remove a growth found in the bile duct.
Earlier this month, Satoru Iwata skipped E3 – the biggest gaming event of the year – due to medical issues and was advised by his doctor not to travel overseas. Nintendo’s shareholder meeting will take place on June 27, where we’ll hear more on the company’s plans for the future. Due to the sensitive nature of this topic, please refrain from posting vitriolic comments. You can find Iwata’s full statement below.
Thank you very much for your continued extraordinary support of us. I am Satoru Iwata, President of the company.
Today, there is one thing that I would like to share with you.
Recently, as the result of one of my routine physical examinations, an issue was detected. Following a more detailed examination, a growth was found in my bile duct. In general, it is said that a bile duct growth can be difficult-to-treat, partly because of the difficulty of detecting it early. In my case, luckily, it was detected very early and I had no symptoms.
I was counseled that removal at an early stage would be the desirable medical option. Therefore I had surgery last week, and I came through it well, as predicted. I have already resumed my business by email and by other means, but it is anticipated that a little more time is needed for me to return to my regular work schedule.
As a result, I have no choice but to miss the company’s very important activity, the Annual General Meeting of Shareholders, to be held this month. As the president of the company, I regret that I cannot attend the meeting. However, I understand that I have to prioritize my medical treatment and to recover as soon as possible so that I will again be able to do my best to help the company to grow. I hope that you understand.
Nintendo CEO Satoru Iwata believes the fate of a video game system can be “influenced greatly” by a single game. The company’s president has addressed investors concerns in a Q & A session following the investor briefing last week. In a three-page translation uploaded today, Iwata has confirmed Nintendo will strive to deliver consumer satisfaction before announcing new hardware, but that it will also focus on achieving its conservative forecasts for the Wii U and 3DS.
The modest goals put in place by Nintendo is not because of falling sales, but rather what the company feels it can confidently achieve for the next fiscal year. Though a release for Mario Kart 8 is just a few weeks away and Super Smash Bros is due to launch this winter, Iwata has said the company would prefer to keep with its original conservative figures, rather than release optimistic ones. He concludes by assuring investors that he does not believe 3.60 million Wii U consoles is the peak of its life cycle.
“In order to recreate momentum and sell 5.00 million or 10.00 million units of hardware annually, there are indeed challenges that we must overcome. And in the face of these challenges, announcing more optimistic figures before we actually release the Mario Kart and Super Smash Bros. titles to consumers, would not be compatible with our original stance to provide rather conservative figures, so once again we set our estimates by considering how much we could realistically hope to achieve with our software lineup.
“The fate of a video game system is often influenced greatly by the introduction of a single title. As many of you probably remember, before the release of the Pokémon game, Game Boy had been showing slow growth, and many people wondered whether it was the end of Game Boy. But the Pokémon game single-handedly changed the landscape of the system, which then started to show the strongest sales in the lifecycle of the system.
“On the other hand, we do not believe that this year’s estimate of 3.60 million units of Wii U hardware will be the peak of its lifecycle, and we would like to work hard to make sure that we give sufficient momentum to the system so that we can expect good results in and after the next fiscal year, too. However, as for this fiscal year, as I explained before, the figures you see have been determined by rather conservative estimates.”
Nintendo president Satoru Iwata elaborated on a few future details the company would take in last week’s investor’s briefing. The CEO explained how NFC figures would launch, along with new Wii U GamePad-focused titles to highlight the system’s unique hardware. With access to the translated version of the Q & A investor’s briefing, Iwata has addressed investors concerns on when Nintendo will expect to reveal their new next-generation hardware.
Nintendo’s president assured investors that the company is not at a “dead-end” in terms of ideas for their next hardware and that the team has a “clear idea” on which direction it will take. However, Iwata also mentioned that Nintendo will not launch their next hardware until consumers, who have already purchased such platforms, are entirely satisfied.
“Once we launch a new platform, we naturally start to prepare for the next one. As it takes several years to develop a single platform, if you ask us whether we are preparing for our next system, then the correct response will be that we are always developing new hardware.
“On the other hand, the most difficult question for us to answer in public in concrete terms is when we are going to launch our new hardware and what kind of hardware we are going to launch, and I am afraid that I cannot talk about this in more detail. However, I can certainly assure you that we are not at a dead-end of any kind in which we are out of ideas for developing new hardware.”
Iwata concluded: “I, of course, believe that launching new hardware will not produce good results unless we first make sure that those who have already purchased our platforms are satisfied. We will continue to work hard to ensure that consumers who already own our platforms are satisfied, and make sure that people will continue to see great value in our software, but I would like to say that we are preparing for our next hardware system, and in fact, we already have a clear idea to some extent about the direction our next hardware is going to take.”