“We also consider VR to be a promising technology, and we are conducting research with much interest.”
☆ NintendObs Event – Nintendo’s 2016 Annual General Meeting of Shareholders.
Question:
If you look at the balance sheet, Nintendo seems like a blue-chip company, maybe the best or the second best among listed Japanese companies. But the share price seems more indicative of the current reality. The share price fluctuations are the risks to be taken by the investors, and the company management should not be responsible for them, but I believe that leadership has a duty to try to increase corporate value. As such, I want to know whether the company plans to get on board with the new generation of virtual reality (VR). Even if you do not plan to enter the VR field, there is still a lot that needs doing. And also, looking at the board, I feel that they are too old. I’d like to see you leverage younger people as much as possible, perhaps by promoting them to executive officers. They might not be able to manage like Mr. Yamauchi, but we’d like to expect the value of the company to improve.
Answer:
Kimishima:
Let’s talk about VR first. We are well aware that other companies are developing games and game-related products using VR technologies, and that consumers are interested in all of this. I cannot say anything specific at this time, but understand that we also consider VR to be a promising technology, and we are conducting research with much interest.
And increasing corporate value will require action on many fronts. This includes our continually investigating projects that make use of our intellectual property (Nintendo IP) and developing products that improve the quality of life (QOL Project). We are working our hardest now to prepare for the planned release of our new game system codenamed NX, next March. We plan to increase corporate value at a steady pace by bringing new projects to fruition.
Now that you mentioned about “executive officers,” let me say that we are now introducing the executive officer system in order to clarify responsibilities for managerial decision-making, supervision, and the execution of business. By appropriately delegating authority to the executive officers and increasingly utilizing people who can execute specialized tasks, I am certain that our executive officers can meet new challenges head on.
I ask for your continued support as we tackle a variety of challenges, backed by this new system, in our efforts to boost corporate value.
— The 76th Annual General Meeting of Shareholders
Source: Nintendo JP.
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