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[bigtroyjon]

I think the title should say "188.8 million" before people start thinking Nintendo lost $18.7 billion dollars.

So should the title be updated every 5 seconds as the exchange rate changes?

 

[erpg]

Please look forward to it.

 

[Y2Kev]

Maybe the title should be "no cry no cry no cry no cry"

 

[A Sentient Keyboard]

 

[Van Owen]

Don't let the door hit you on the way out, Iwata.

 

[abstract alien]

So yeah that means one thing:

PANIC MODE ANNOUNCEMENTS!!! Yes!!

Panic Nintendo is pretty damn unstoppable.

http://www.abload.de/img/ignj0aqhktrhdseurymiunh.gif

Beautiful

 

[Schnozberry]

Not as bad as I was expecting. I would assume Iwata has until the end of the fiscal year to turn it around or take a curtain call.

 

[Meelow]

So should the title be updated every 5 seconds as the exchange rate changes?

It should be updated soon, not many of us really knew how much that was in US dollars.

 

[mejin]

So, no more Ambassador Program?

I'm kinda sad...I'm waiting one.

 

[grimshawish]

Why are people acting like something has changed since their last release?

 

[Kazerei]

Someone needs to photoshop Iwata's face on Baghdad Bob

 

[Futureman]

How many more announcements can they make?

War chest of Wii U announcements coming at E3

 

[TreasureHunterG]

Another year, another loss and this time a big one. Things don't look good for the future either.

Nintendo NEEDS a major company direction shake up. Iwata, Miyamoto, Shibata, Takeda and Reggie needs to leave.

 

[Bel_Air_Jeff]

I think nintendo can reach that goal of 100 billion yen profit for the next fiscal year...


Am i crazy?

 

[Skyzard]

they're not anywhere close to broke

But relative to the golden Wii days.

 

[Deku Tree]

Looking forward to the factual actual Nintendo numbers.

 

[Cheesemeister]

Since most people here apparently didn't read the ITmedia article, allow me to quote it:

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.

http://m.neogaf.com/showthread.php?t=510925

The 100 billion yen operating income goal is for the fiscal year that just started.

 

[MikeE21286]

Oh boy...the guillotine drops ever so much close for Iwata.

He'll be gone by this time next year

 

[mugurumakensei]

So should the title be updated every 5 seconds as the exchange rate changes?

You can put a range for the amount.

 

[Mihael Mello Keehl]

I think the title should say "188.8 million" before people start thinking Nintendo lost $18.7 billion dollars.

Well it say yen. People should read

 

[RamzaIsCool]

Isn't this just an estimate... could be better, could be worse. That said if this is true then Nintendo hasn't made any money for 2 years now. They were making billions years prior to that.

 

[Exterminieren]

Well, losses are bad, but this was expected. Iwata's not resigning over this.

Ok, why does gaf hate Iwata so much?

GAF needs a scapegoat. Used to be Reggie, but they've graduated up to Iwata now.

 

[Shion]

 

[grimshawish]

Another year, another loss and this time a big one. Things don't look good for the future either.

This time?

 

[shinobi602]

Also from the article:

"While Nintendo struggles with its main business, a weakening of the yen may give some relief, as it boosts the value of overseas earnings. The Japanese currency has depreciated about 13 percent against the U.S. dollar this year and touched a four-year low of 99.95 on April 11.
That may enable the company to post net income of 14 billion yen tomorrow, the company said in January."

So their income is artificially inflated due to weakening of the currency? Great.

 

[Duxxy3]

Top level has to go entirely.

 

[Fourth Storm]

Didn't Iwata ask for another year to turn things around just a couple months back? I'm losing track of time. But anyway, this is expected and that it isn't as bad as last year is good news I guess. I look forward to the investor Q&A.

Edit: Thank you, Cheesemeister. That's what I thought.

 

[StreetsAhead]

Again, the loss in the Bloomburg article is for the entire 2012FY and they predict profit for 2013. Sure, they don't predict enough to save Iwata's job, but still. Profit is profit.

 

[JordanLMiller]

Another year, another loss and this time a big one. Things don't look good for the future either.

Nintendo NEEDS a major company direction shake up. Iwata, Miyamoto, Shibata, Takeda and Reggie needs to leave.

You sound like a reasonable man.

 

[JazzmanZ]

Why are people acting like something has changed since their last release?

Because for some reason people want it out for Iwata to be fired and gone because of some smug satisfaction.

 

[Iacobellis]

If Iwata were to step down, who would replace him?

 

[mugurumakensei]

So their income is artificially inflated due to weakening of the currency? Great.

Well that counters the times their income was deflated by the strengthening of the yen.

 

[Visualante2]

I expected their loss to be higher.

 

[Codeblue]

How many more announcements can they make?

Yeah, they need to stop announcing stuff and start actually releasing them.

 

[~Kinggi~]

They deserve this. Completely.

 

[AniHawk]

What is this hate for them? What is it?

they made the wii and stopped making games.

$600m loss in two years is pretty awful though. that's something you might expect from sony or microsoft.

i'd say it's almost entirely on the back of the 3ds though. they banked so hard on it being the profit-maker at $250, and sacrificed a lot to get it into homes.

 

[iamvin22]

Ouch.

Time to clean house a bit.

haha...more like complete upper management clean up.



edit: makes sense why they are focusing so hard on 3DS software since its their only source of moniez.

 

[EloquentM]

Since most people here apparently didn't read the ITmedia article, allow me to quote it:



http://m.neogaf.com/showthread.php?t=510925

The 100 billion yen operating income goal is for the fiscal year that just started.

Please post in the op

 

[brandonh83]

If Iwata were to step down, who would replace him?

Luigi.

 

[Pikma]

Another year, another loss and this time a big one. Things don't look good for the future either.

Nintendo NEEDS a major company direction shake up. Iwata, Miyamoto, Shibata, Takeda and Reggie needs to leave.

You mean the whole company? Sure sure.

 

[serplux]

So their income is artificially inflated due to weakening of the currency? Great.

They got some smart bookkeepers.

 

[ohlawd]

If Iwata were to step down, who would replace him?

Yamauchi because people be delusional.

 

[digoutyoursoul]

Well, losses are bad, but this was expected. Iwata's not resigning over this.



GAF needs a scapegoat. Used to be Reggie, but they've graduated up to Iwata now.

Maybe it's a feeling of dislike for how he is running Nintendo and the decisions he has made, especially regarding Wii U ?

 

[NEO0MJ]

Maybe this is because of their recent expansions?

 

[BobLoblaw]

Top level has to go entirely.

It's the only way to be sure.

 

[BorkBork]

So their income is artificially inflated due to weakening of the currency? Great.

Well, you could say that their previous loss in 2011 was artificially inflated by a strong yen as well, couldn't you? Works both ways.

2012 is probably as bad as it will get for Nintendo. Shitty launch, non-existent software on a new system, soft demand, crazy restructuring. But they stemmed their losses and will be profitable next year. Exactly how profitable will be the question that will determine Iwata's fate, but as a company they will be fine.

 

[Father_Brain]

Just estimates, but I do think there's a pretty good chance that the 1BY profit target dies an early death.

 

[Fourth Storm]

Luigi.

Iwata is Luigi.

 

[JDSN]

Anticipating alot of great software from Panic Mode Nintendo.

In two years.

 

[allan-bh]

So, Nintendo will have operating loss and net income?