Kojima: Japanese game industry is in trouble

[Bodhesatva]

What angle is he looking at this from? I've been looking at financials quite a bit, and here is what seems to be the case as of the last few quarters:

Activision and Ubisoft are making money, but Midway, SCi/Eidos, InfoGrames, Microsoft Game Studios, and Electronic Arts are losing money. Electronic Arts in particular is bleeding money out their ears.

Konami, Capcom, SquareEnix, NamcoBandai and Nintendo are making money, while SegaSammy and Sony are losing. Nintendo in particular is making enormous amounts of money.

It appears to me that the major Japanese publishers are significantly more profitable than the Western ones. What metric is he using here?