After Nintendo released its investors report yesterday, it announced that Tatsumi Kimishima, currently director at Nintendo Co., Ltd. and CEO at Nintendo of America, will be promoted to general manager of Corporate Analysis and Administration and General Affairs Division at NCL in Kyoto. Satoru Iwata, global president of Nintendo and CEO of the Japanese headquarters, will now also assume the position of CEO at Nintendo of America, while retaining his current positions. Reggie Fils-Aime, president and COO of Nintendo of America will also retain his roles but will now answer directly to Iwata. This comes as a step towards a more global strategy for the company. By sharing the same CEO, Nintendo hopes to achieve a more unified relationship between its operations in Redmond and Kyoto.
In Nintendo’s earnings release, it announced its second consecutive year of losses, due mostly because of Wii U’s sales being weaker than expected. However, the company plans to change that for the year ending in March 2014 and Iwata made a bold promise by forecasting 100 billion yen of profit for next year.
Nintendo wishes to sell 9 million Wii U systems and 18 million Nintendo 3DS systems worldwide during the next fiscal year, and those numbers rely heavily on software being released during this period. With Animal Crossing, Pokémon and Zelda coming to 3DS and the possibility of Mario games for Wii U (in a press release, Nintendo announced that those titles will be released “during the next several months”), it doesn’t seem impossible to achieve those sales, even though the company is facing serious competition from all sides – from Sony, Microsoft and Apple in particular. No forecasts were announced for Nintendo DS, which indicates that the company plans on ceasing production of the most popular line of portable gaming systems of all time, but they still plan on selling 2 million Wii units.
It will certainly be an interesting year for Nintendo.
Sources: Nintendo Investor Relations and Nintendo PR