Nintendo's Semi-Annual Financial Results Briefing: Highlights
Earlier this morning, Nintendo President Satoru Iwata presented the company’s semi-annual fiscal report. Iwata acknowledged Nintendo’s troubles, citing poor first-party software sales and delays in releasing these titles in a timely manner alongside their newest console, the 3DS, as something they must overcome in the next fiscal year. While the 3DS had high expectations, post-launch backlash and poor sales resulted in the console failing to be “a sound successor to the Nintendo DS” as the company had hoped. Iwata promised that starting this November the 3DS will see more titles, including highly-anticipated ones like Mario Kart 7 and Super Mario 3D Land.
Iwata stated his belief that consumers and not just the company’s investors should be able to hear all information straight from the company itself; he went on to cite Twitter and the magic of the internet as great tools for disseminating information quickly but also as easy venues through which information can be muddled and quotes misquoted.
Here is a quick run down of the presentation’s highlights:
- Iwata suggests that we will see more internet presentations like the “Nintendo Direct” video earlier this month. He is hoping to have two separate kinds of video each month: one with all business information for investors, and another with what Iwata called “attractive” information for consumers. We can assume that the presentations targeted towards consumers will be more game-oriented and feature mostly product information.
- Iwata cites the lack of titles published for the Wii and 3Ds as the cause for Nintendo’s loss of “momentum.” Nintendo hopes to regain this momentum and regain its losses with its end-of-the-year lineup, which includes Just Dance Wii (Japan only), Kirby’s Return to Dream Land, Pokepark 2, Mario & Sonic at the London 2012 Olympic Games, and The Legend of Zelda: Skyward Sword.
- The Nintendo 3DS mark down has taken a huge part in the company’s loss this fiscal year. Nintendo still plans on implementing gradual cost-cutting efforts in order to improve their profit next fiscal year.
- Nintendo plans to broaden the range of software options available for the 3DS and hopes to more efficiently space out game releases.
- Nintendo is aiming to create new genres of software that will appeal to non-gamers. The company wants to “further expand the definition of video games,” creating more games along the lines of Wii Fit and Brain Training.
- Nintendo will work harder on digital business, citing the popularity of StreetPass and Nintendo Zone on the 3DS.
- The Nintendo eShop will see several new functions, including what Nintendo hopes will be the addition of DLC for certain software titles.
- The Nintendo eShop will also be getting demo versions of new software titles. These demos will be downloadable and will come with a set number of trials for play. This coupled with the user reviews function will successfully pair up gamers with games their are interested in.
- Software downloads from the Nintendo eShop can be done in sleep mode.
- In the future, Nintendo would like to make the eShop accessible via the internet and software will be available for purchase on PCs and on smartphones. Included in the next 3DS update is a function that allows the 3DS camera to take photos of QR codes when viewing the eShop on a smartphone or PC.
- Hulu Plus is coming to the Wii and Nintendo 3DS in the near future.
- The Wii U will be launched next fiscal year. The final format on the console will be displayed at E3 2012. Only Iwata’s own words describe this move with any justice: “As we learned a bitter lesson with the launch of the Nintendo 3DS, we are trying to take every possible measure so that the Wii U will have a successful launch.”
- Upcoming first-party titles for the 3DS:
Upcoming third-party titles for the 3DS: