“We will work to communicate the value of the Wii U GamePad, and propose a new play style for Wii U.”
☆ NintendObs Event – Nintendo’s 2014 Annual General Meeting of Shareholders.
Question:
The outcome of corporate management and business operations shows up as operating profit and loss. Because the company has posted operating losses for three consecutive fiscal years, I actually feel like questioning the business responsibility of the management, but instead of my doing so, today, although three months have passed already, I would like the management to explain this fiscal year’s earnings forecast and the forecast for operating profit and loss.
Answer:
Takeda:
We are deeply sorry for concerning all of our shareholders regarding our poor business performance in recent years. Mr. Kimishima will answer your question about this fiscal year’s earnings forecast.
Kimishima:
This fiscal year, in order to change the situation in which we have incurred operating losses for three consecutive years and to build a profit structure, we would like to aim for increases in both sales and profit by restoring the balance of revenue and expenses as our top priority. To be more specific, we would like to achieve the sales of 590 billion yen compared to 571.7 billion yen in the last fiscal year and the operating profit of 40 billion yen compared to an operating loss of 46.4 billion yen in the last fiscal year. Since over 43 million units of Nintendo 3DS hardware were sold globally, we would like to release many software titles this year as well to inspire consumers to buy many of them. We made a big forecast for Wii U hardware sales at the beginning of the last fiscal year, but the actual sales units were only 2.72 million. As Mr. Miyamoto explained, we will work to communicate the value of the Wii U GamePad in order to vitalize the Wii U platform, and propose a new play style for Wii U. Also, since we have such titles this year as “Mario Kart 8” and “Super Smash Bros. for Wii U,” which are indeed reassuring titles for us, we would like to boost sales of Wii U mainly with these titles.
This year’s sales forecast is 590 billion yen, in comparison with 571.7 billion yen in the last fiscal year, so we are not expecting much increase in sales year on year. But, we are forecasting an increased operating profit. Since restoring the balance of revenue and expenses is our top priority for this fiscal year, we will further improve our cost management and aim to return to a profit structure soon. We are now diligently working to achieve this goal.
Takeda:
In summary, our answer to this question is, we will work to achieve the operating profit forecast that we set for this fiscal year.
— The 74th Annual General Meeting of Shareholders
Source: Nintendo JP.
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