Satoru Iwata Takes Responsibility for Nintendo’s Slashed Sales Forecasts, but Will Not Resign

on January 17, 2014 5:27 AM

During a press conference held in Osaka this morning, Nintendo’s President Satoru Iwata expressed his regret for the sizable reduction of the income and sales forecast for this fiscal year and took responsibility for the downturn, apologizing to the company’s shareholders.

Surprising those that expected him to step down, he also mentioned that he’ll take responsibility for the future in order to restore momentum as quickly as possible, revealing his intention to remain at the helm of Kyoto’s historical developer and denying the possibility of a resignation.

Iwata-san also posted a lengthy explanation of the reasons behind the downturn on Nintendo’s official investors relations portal, promising┬ámore information on the company’s short-term and mid-term prospects at the Corporate Management Policy Briefing to be held on January 30th in Tokyo.

[Thanks for the Tip: Masaru Aoyama]

 /  Executive News Editor
Hailing from sunny (not as much as people think) Italy and long standing gamer since the age of Mattel Intellivision and Sinclair ZX Spectrum. Definitely a multi-platform gamer, he still holds the old dear PC nearest to his heart, while not disregarding any console on the market. RPGs (of any nationality) and MMORPGs are his daily bread, but he enjoys almost every other genre, prominently racing simulators, action and sandbox games. He is also one of the few surviving fans of the flight simulator genre on Earth.