-
Hey, guest user. Hope you're enjoying NeoGAF! Have you considered registering for an account? Come join us and add your take to the daily discourse.
Bloomberg: Nintendo to announce 18.7 Billion Yen loss for the fiscal year
- Thread starter Mihael Mello Keehl
- Start date
Opus Angelorum
Member
I think he was suggesting the graph is missing the (more positive) recent date.
It offers context. Suggesting these numbers are terrible is by all accounts, incorrect.
We're using it to show the hypocrisy of some of you guys.
And failing miserably!
Its missing 7 quarters of data. Im pretty sure I was the first to point out Sony's 4.7billion in losses so I don't see why you feel the need to point that out?
It still doesn't change the relative sillyness of posting a chart with almost two years missing of the latest data to point out how a company is doing now.
Well it wasn't gaming division related, they lost a lot more than that elsewhere. Sony has been sliding for years and has massive debts. Sony will lose money on PS4 upfront, that doesn't seem to have much doubt. Investors might be irritated but they could lose as much or more than Nintendo without Kutaragi coming under fire so long as other divisions aren't losing billions of dollars. Playstation itself won't sink or float Sony.
peanutbutterlatte
Member
Nintendo are not Sony. And the market has inexplicably changed since the PS3 was being all shitty 5 years ago.
Could they bounce back like Sony did? Certainly, but it's a poor thing to compare to.
Could they bounce back like Sony did? Certainly, but it's a poor thing to compare to.
Sony never bounced back, profitability is still a major issue.
We're not talking about your trolling here.
shinra-bansho
Member
It is missing some more positive recent data; i.e. the 29B yen profit from year end March 2012.
FYE Mar-13 hasn't been reported yet; while the division has made an operating profit of 3.3B yen though the first 9 months, it's as yet unknown what the last quarter's numbers are. The segment may ultimately post a loss for the fiscal year.
Nintendo is a fucking business, they have shareholders and investors. They can't just lose money willy nilly. Someone would get fired and things WOULD change if Nintendo lost such a massive amount of money. Just because Nintendo can weather that loss, doesn't mean they ever want to even be near that position in the first place. You people need to remember these are multi-national Conglomerates who at the end of the day are all about the money.
We're just consumers consuming content, I have no emotional investment in any company except Sega *RIP*. I'll never understand irrational reactions to negative news.
It is. There was almost never a time where the PS3 was doing bad sales-wise, if you're looking at respective LTDs compared to 360. At every point past around its first quarter, its performed at and mostly above the 360 at the same point in the 360's life. It was bleeding almost $300 a unit though.
Nintendos problem is that they are both losing money and under performing in the market. They're currently on a Vita-like pace for growth with the Wii-U. What Nintendo has that Sony doesn't so much is the handheld market though. And probably the strongest IPs in the market place.
Its really two different situations.
I know, which is why I said its missing 7 and not 8 quarters.
Aquamarine
Member
It's a good thing you don't run a corporation.
Trolling? Sony is a terrible comparison to make, not the least of which because management was completely turned over, which is what most of being accused of trolling want to see.
No hypocrisy is exposed with this comparison. If anything, it reinforces the opposite position.
frankie_baby
Member
did i say they could just loose money willy nilly and the shareholders would be happy, no i didnt, there would be upheaval and change but they are in a far better position than most companies to absorb such losses so it wouldn't kill or cripple them
zomgbbqftw
Banned
What hypocrisy? The board fired Kutaragi after those losses. Pretty quickly too.
The magnitude of losses may be different but Sony are much more able to withstand losses of that scale than Nintendo as they are much more diversified.
frankie_baby
Member
why? for pointing out the fact nintendo have a boatload of cash? its not like i'm suggesting they should loose that much
Then why say such an absurd thing? Anything that causes Nintendo to lose near that much money, would change how that company operates forever.
Exterminieren
Banned
In fairness, boiling it down to just Pokemon that can improve the figures is a little weak. The 3DS lineup is significantly stronger for the rest of the year than the 2012 in many aspects, not just Pokemon.
frankie_baby
Member
i didn't make the example, sony did
Aquamarine
Member
But they don't. A company the size of Nintendo would be extremely crippled to the point where they would be unable to properly invest in R&D. Those kind of losses are fundamentally unacceptable.
Metalmurphy
Member
What hypocrisy? Sony was trashed the same way, if not worst.
Exactly, listen to Aqumarine. I see her up in nearly every sales thread, and she knows business.
Thats not really a fact.
2011 FYE March they had 10 billion in cash and equivalents.
2012 same point in time, they lost 50%, down to 5 billion.
Mind you, a -4.7 billion period of losses wouldn't directly affect that reserve but almost all of that relatively meager 5bln would be matched with debt.
Nintendo as they are now are debt free. But a sony like string of years would almost cripple them.
frankie_baby
Member
of course they're unacceptable, doesn't change the fact its only around half of nintentendo's cash pile
Various Artists
Banned
Panic Nintendo didn't help N64 get games or GCN get sales. Also, its arguable that WW and Sunshine are some of the worst games in the series. (And I loved TWW just hated all the sailing.)
Your numbers are incorrect. They have just under a trillion jpy in cash and short term.
Herb Alpert
Banned
That's cruel but fair.
Aquamarine
Member
Never mind...forgot about other assets.
I really don't know why Iwata was so determined not to do a share buyback. The less you have the worry about outside investors the better.
zomgbbqftw
Banned
Indeed, big losses would make Nintendo a very tempting takeover target for someone like Disney who could leverage Nintendo properties into films.
Pie and Beans
Look for me on the local news, I'll be the guy arrested for trying to burn down a Nintendo exec's house.
What use is cash anyway if you keep waiting to use any while your marketbase dwindles. The WiiU is most likely going to be the last Nintendo home-console, because why invest in a platform thats continually shrinking and third parties deem absolutely poisonous to their interests and will not even glance at post WiiU?
So Nintendo will be down to one platform, the sole ship of their entire fleet, to push their business. And what then if dedicated handheld gaming continues to lose audience numbers, mainly in the west? Investors and shareholders must be giddy at the very thought of there never being any growth ever again, just a slow or swift slide downwards.
Betting against the onward march of technology was a poor choice by Iwata and those directly below him.
So Nintendo will be down to one platform, the sole ship of their entire fleet, to push their business. And what then if dedicated handheld gaming continues to lose audience numbers, mainly in the west? Investors and shareholders must be giddy at the very thought of there never being any growth ever again, just a slow or swift slide downwards.
Betting against the onward march of technology was a poor choice by Iwata and those directly below him.
Really?
http://www.hoovers.com/company-info...nancial.Nintendo_Co_Ltd.30448ece704bc9b7.html
I see 5.61 billion USD in cash? Down from 9.8...
The thing is though your assuming people who would buy a smart device would also want to buy a 3DS, and vice versa, as well as many who will buy both - simply because they offer different experiences
Same reason as why Nintendo made the Gamecube and the Wii.
Everyday is a school day. Very interesting.
Schnozberry
Member
Their cash was used to buy future inventory. They also have 7 billion in real estate that can be sold and no debt. They aren't in bad shape.
You've got a lot of hypothetical here but I think you lost track of where you were going.
zomgbbqftw
Banned
~940bn yen in cash and marketable securities.
Pie and Beans
Look for me on the local news, I'll be the guy arrested for trying to burn down a Nintendo exec's house.
Iwata: "I do not intend to declare how many Wii we will be selling today, but Wii will be a failure if it cannot sell far more than GameCube did. In fact, we shouldn't continue this business if our only target is to outsell GameCube. Naturally, we are making efforts so that Wii will show a far greater result than GameCube."
Kazuma Kiryu
Member
man, some delicious posts in this thread.
Portugeezer
Member
Not really, it's just a fractions of how much Nintendo has, but considering Nintendo used to always make money even when at their least popular, it's kind of a big deal.
Oh ok.
The argument was never are they in bad shape now. I've already said that this isn't much to worry about. The argument is whether they could sustain Sony level losses without being crippled.