IchigoSharingan
Member
I read your post a page back detailing expansion and buyback.
My only question is......has that amount of money spent been completely accounted?
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Nintendo full year financial results [23.2B yen loss, 3.6M Wii U/12M 3DS forecast]
- Thread starter zomgbbqftw
- Start date
I read your post a page back detailing expansion and buyback.
My only question is......has that amount of money spent been completely accounted?
OrbitalBeard
Member
This shit is painful to read.
If Nintendo only expects to sell a few million lWii U consoles this year, I don't have a lot of hope for big, unannounced Wii U titles at E3.
I really can't comprehend how Iwata and Nintendo screwed up this badly. It's depressing.
If Nintendo only expects to sell a few million lWii U consoles this year, I don't have a lot of hope for big, unannounced Wii U titles at E3.
I really can't comprehend how Iwata and Nintendo screwed up this badly. It's depressing.
Yeah, I think it was a mistake not to have Nintendo Direct for the Wii U summer games before E3, but that's that. But now E3 is just a month away and we will know more about the next schedule. We might even get some hints in the material for Q&A (if they change some game from 2014 to summer 2014)
There are no bigger selling titles than SSB and MK.
Yes, it has.
DXB-KNIGHT
Member
The presentation and QA will be very interesting, I'm feeling extremely optimistic I don't know why.
Psycho_Mantis
Banned
Okay I was just looking at their exclusive list. I mean considering the userbase is only 44 million some of those numbers are impressive. Iirc total software sales are not that great.
What? No. PSP is at 80 million LTD. 3DS is nearing its end (significantly declining) and is only halfway.
metalslimer
Member
I don't see why you would have anyway. Nintendo's teams have been firing on all cylinders on the 3DS and Wii U for over a year now. Now, add in the upcoming QOL platform and Nintendo just doesn't have the resources to have any kind of consistent lineup.
They will. That thing will be to find yet another untapped market. QoL is an attempt at this. If you think the lesson they will learn is to focus on core gaming, core gaming fans and technological parity, you will be disappointed.
Yeah they're expecting growth over last year it seems.
Aquamarine
Member
You're right.
March 31st, 2009:
1.22 trillion JPY
March 31st, 2010:
1.25 trillion JPY
March 31st, 2011:
Cash & Deposits - 812.870 billion JPY
Short-term investment securities - 358.206 billion JPY
Total: 1171.076 billion JPY ($11.527 billion)
March 31st, 2012:
958.32 billion JPY
March 31st, 2013:
903.3 billion JPY
March 31st, 2014:
Cash & Deposits - 474.297 billion JPY
Short-term investment securities - 320.918 billion JPY
Total : 795.215 billion JPY ($7.827 billion)
vinnygambini
Why are strippers at the U.N. bad when they're great at strip clubs???
3DS HW will be revised as they are simply not achievable, as I mentioned previously.
Initial targets should of stood between 8-9 million, alas Nintendo went with 12 million.
I sincerely doubt that Nintendo cannot double their Wii U HW shipments on the back of Mario Kart 8; nonetheless, it's going to be an interesting turn of event
That fabled War Chest is starting to look a bit more like a Skirmish Box.
Such as? Give 'em away in boxes of Corn Flakes?
metalslimer
Member
I still don't understand where the nonsense of Nintendo could go for decades without running out of cash came from.
Didn't we get full charts of the sales of Wii, 360 and PS3 in previous full year financial results with people counting pixels for sales of hardware?
They were sourced by NPD in America, Media Create for Japan and Nintendo for Europe/Others IIRC.
I presume Nintendo stopped doing this now that there isn't too much they can do to spin the numbers in any positive light.
They were sourced by NPD in America, Media Create for Japan and Nintendo for Europe/Others IIRC.
I presume Nintendo stopped doing this now that there isn't too much they can do to spin the numbers in any positive light.
Psycho_Mantis
Banned
So they lost $4 billion.......how? I'm sorry if this wrong, I'm not good at reading stuff like this.
HUELEN10
Member
Thank you. So Wii U has an attach rate of 5.23. How does that compare to past Nintendo systems at the same point in their lives out of curiosity? I am not that learned on these things, but it seems fairly decent to me.
Here are the Nintendo console attach rates as of this thing.
- Wii U: 5.23 Games Per Console
- Wii: 8.86 Games per Console
- GCN: 9.59 Games per Console
- N64: 6.83 Games Per Console
- SNES: 7.72 Games per Console
- NES: 8.08 Games per Console
It is hard to see how they
1) Missed seeing the polarisation of the gaming audience.
2) Thought the Wii Brand was so strong
3) Thought not focussing on third party relations was a smart move.
3.6 million is absolutely terrible. At this rate it'll struggle to hit GC numbers.
Yup. Ignore Wii spike, and its clear what's the trend for Nintendo home console sales.
vinnygambini
Why are strippers at the U.N. bad when they're great at strip clubs???
Would they even fit?
Well, $1bn of it alone went on the Yamauchi buyback. The rest went on R&D, expansions, new buildings etc.
It was based on them losing a certain amount of money for each yr. If I have $1billion and lose $20mill each year, I can last a long time. If I lose $200mill for a couple of years then I obviously will run out of money quicker.
Indications ever since Iwata started takling QoL and reiterating the history of Nintendo that they're seeking to find somewhere else to make their money.
shinra-bansho
Member
People should stop using figures reported in Western sites that feel the need to translate everything into US$ at the exchange rate at the time of reporting...
They have used up a significant amount of cash though in dividends to placate shareholders, capital investments, net losses and the recent share buyback. EDIT: Oh and a mountain of Wii Us filling up inventory.
metalslimer
Member
And just straight up losses.
OrbitalBeard
Member
Struggle? I'd say at this point it is literally impossible for Wii U to match GCN sales.
SolidSnakex
Member
I'm not expecting monthly releases. But the last major Wii U release came in February (DKC). Now we're at May with Mario Kart. There's literally no other game from them that has a date. And Smash Bros. is just a vague Winter 2014 timeframe (which could mean late this year or early next). Like I said, I don't think anyone is expecting monthly releases. But I don't think it's unrealistic to expect a somewhat steady flow of titles as well as updates on when to expect them. With E3 coming up they need to have actual dates. And they need to also flat out say whether or not Smash Bros. will release by the end of this year.
That's not really a fair comparison. This is the first full year for both of those consoles while this is the second full year for the Wii U. You'd expect their development chain to be in full swing by now.
I'm calling it now, WiiU discontinued next year. The lack of 3rd party is really killing this console between 1st party titles. The few 3rd party companies that are releasing their stuff albeit delayed aren't helping. There should be heavy price cuts to move piled up inventory and at least get games into peoples hands.
They have only had two years of net losses, FY3/2012 and FY3/2014. FY3/2013 was at a net profit, despite operating loss. The total losses don't reach half a billion, but yeah that is a factor. The majority is due to the expansion and share buyback
SaintMadeOfPlaster
Member
Looks like they've still got $13 billion in assets. Yes, they do need to turn this situation around, but the time to panic is still far away.
Yeah. God damn it, why is it that when Nintendo is making awesome games that I like, they lose money, and when they are making mediocre games that I don't, they make bucketfulls? Why?
And yes, they will always search for the peaceful blue ocean rather than fight a gloriously bloody naval battle. It's their nature. Worked with videogames as a whole, worked with the Wii. Will it work with QoL? I'm sceptical.
vinnygambini
Why are strippers at the U.N. bad when they're great at strip clubs???
Nevermind
Look, your explanations of the losses are reasonable. The problem is that the money doesn't seem to be coming back in because of Wii U performing way under expectations.
Dreams-Visions
Member
Are we expecting them to make any drastic moves at E3? IE, new hardware or anything?
Zeyphersan
Banned
They won't announce a new console until E3 2015, with a 2016 release date. They can't, it would burn too many bridges. They have too much software in development left to go.
metalslimer
Member
Also, I think Nintendo should hit that Wii U goal fairly easily. The Christmas season alone this year with Mario Kart and Smash Bros out at the same time will give it a pretty good boost with the bundles that are likely to come. There is also no PS4/Xbone launch to contend with this year.
Of course. I'm actually interested to see how those investments into their development pay off in the next couple of years.
Metalslimer, you know it's much more complex than that
(R&D, Dividends, Investments, Buildings, etc.)
Nonetheless, they shouldn't be reporting losses to begin with.
Of course. I'm actually interested to see how those investments into their development pay off in the next couple of years.
Absolutely. People need to realise this, they seriously do. It is extremely unlikely that we'll see a Nintendo with competitive specs and a core, western gaming strength like Sony seems to be doing.
Rome wasn't built in a day. Turnarounds don't come in a day.
I'm just continually explaining the losses because people keep asking
He said "and", not only.Metalslimer, you know it's much more complex than that
That would be stupid. It's far better to try and get a profit from the current install base. Even a platform with 10 million (semi loyal) customers could make them a profit if they played their card rights.
Pricecuts would only reduce any chance they have at making a profit for the next fiscal year.
Psycho_Mantis
Banned
Just think about that they used up 35% of their warchest in a couple of years. That is very very worrying. People saying they could last till 2050 will continuous losses are wrong. They could use it all up in 6 years (of course assuming the rate is constant which I am sure it won't be thankfully).
vinnygambini
Why are strippers at the U.N. bad when they're great at strip clubs???
Just realized, thanks for the correction Striek.
They definitely wont be announcing a new system. If they were, they would be having a normal Press Conference.
GhostTrick
Banned
In what way 3DS is nearing its end ? Because of declining sales ? You know that you can reinvigorate sales with more software but also price drop ?
zerokoolpsx
Member
I have to agree with this.
Smash will move some units, but its not going to be enough.
Yup. Ignore Wii spike, and its clear what's the trend for Nintendo home console sales.
Man looking at that makes me sad. It really feels like aside from the Wii they have no real place in the market anymore. I hope their next console bounces back for them.