NINTENDO stock -34% since March 2018

[Bofferbrauer2]

quickrick said:

Amnesia said:

Can you show me please because I am quite often around here, to not sat evertdays, I follow topic closely and I have not seen this.

Nintendo shareholder Q&A official Japanese transcript out. Interesting choice of words: Switch sales in Apr-June 2018 "could pale in comparison" vs Apr-June 2017.

Given they only sold 1.97m last year, it would be shocking if this year was less. Hmmhttps://t.co/lPB6VKePBB pic.twitter.com/6Jx3WYx1c8

— Yuji Nakamura (@ynakamura56) July 3, 2018

The translation is actually somewhat weaker quarter. 

You're aware they give outthose Q&A reports in english, too? Because here you can read it all in english: https://www.nintendo.co.jp/ir/pdf/2018/qa1806e.pdf

ftware during this fiscal year will not be an

easy challenge to meet, but we are putting all of ou

r efforts into doing just that. If you look at our

software lineup for the fiscal year that we showed at

E3, you can see a relative

trend that the titles

that resonate mosh hardwithin expectations

when looking at our soft

ware lineup for the entire

fiscal year.

In other words, yes, sales slowed down a bit compared to the previous quarter and possibly to the same quarter last year (the phrasing is a bit ambiguous, it can also mean that it's just not impressively more than compared to last year's Q1 numbers. However, it's probable to be slightly down). On the other hand Nintendo was fully expecting it because their main game lineup was all in the second half of the year. He's saying that sales are going up since E3, so it can't have been that badly received.(end Q2 and Q3) Kimishima also mentions later down the line that not all the games for the FY and holiday season have been disclosed (Q12)

While we're at it, the question was if Nintendo still aims to ship 20 millions, and he's basically saying that the quarter may look weak, but it's expected and on track to sell 20M. It was not one of the questions about the stock prices, which this discussion is about. For that, some other questions had been asked:

(Q3)First, if Labo did fail, and Nintendo said while it didn't spike nearly as high as games usually do, it's still selling and Nintendo is hoping to continue to sell them over time

(Q2)Another question is to what Nintendo wants do do to correct the share price, and there Nintendo mostly pointed at the games releasing in the second half of the year and that they had huge audiences at their E3 booth and invitationals.

While not directly part of the topic anymore, I just want to point out some other parts of the shareholder's meeting. There are:

(Q7)A comment from Tanaka were he says that several Indies on the Switch have sold over 1 Million copies and that Nintendo plans to release some 20-30 games per week.

(Q10)The reason why Nintendo didn't enter the Chinese market yet. Basically, while the consoles themselves can now be sold in China, software, games, and networking are still heavily regulated. In other words they could sell their consoles there, but not the games yet and can't offer an eShop either to compensate for it.

Edit: sorry for the formatting, tried to copy/paste out of the pdf and it messed up something. Also, wished to have seen what led to Q13 in action.

Last edited by Bofferbrauer2 - on 09 July 2018