Satoru Iwata: “I Don’t Remember Saying I’d Resign” to Shareholder on Missing Income Target
A few months ago Satoru Iwata was sitting in a meeting with analysts and apologized about the two consecutive years of losses suffered by Nintendo. While illustrating a 100 billion yen operating income target for the current fiscal year he said “reaching it is my commitment”.
The Japanese language is strongly (as you incidentally can read in the interview to the Final Fantasy XIV: A Realm Reborn Localization Team Lead that I posted today) based on implied meanings, and often can sound quite vague, so many took the idea of “commitment” as the promise that Iwata would resign if the goal was not met.
On June the 27th Nintendo held a shareholder’s meeting in Kyoto, and one of the investors candidly asked Iwata if he was ready to take responsibility in the case the target wasn’t met. According to multiple Japanese media sources Iwata just as candidly responded:
I don’t remember saying I’d resign.
While we still don’t know if Nintendo will meet the operating income target (but things don’t look too good for the moment) of 100 billion yen, looks like Iwata plans to sit on top of Kyoto’s ivory tower a while longer.