Satoru Iwata implies he may resign if operating income target for next FY is not met

[Hynad]

gigantor21 said:

Hynad said:

gigantor21 said:

Hynad said:

gigantor21 said:

NintendoPie said:

Hynad said:

NintendoPie said:
I find it hard to believe that Nintendo/Iwata would get rid of him/himself after he gave Nintendo the Wii and DS. Someone other than Iwata needs to go...

I think they need to review their marketing team. Also, Reggie's effect has been declining over the years. His presentations at E3 have been really bad the last 4-5 years. Although he may not be the only one to blame, they do need to get more dynamic and creative in the way they present their products.

I agree. Reggie has been somewhat awkward on stage recently. Especially when he talked to that one Ubisoft guy last year... *shutters*

But I don't know if that is entirely Reggie's fault. Reggie seems to be quite popular among people. Especially with Memes.

BUEEEEEEH I LIKE FRENCH FOOD

Honestly, I've never liked Reggie all that much. And I feel that a lot of the hype that surrounded him was due to the fact that his boldness and braggadocio dovetailed with the Wii's ascendance and dominance. But he always came off as awkward to me, and now it's tin-eared on top of all that in the wake of Nintendo's slower performance now.

Granted, I'm a PS3/PSP/Vita owner, so I doubt anyone cares what I think of him anyway. :p

Just because you're a PS3/PSP/Vita owner doesn't mean you can't appreciate Nintendo or Microsoft, or have anything insightful, constructive or reasonable to say about them. It also doesn't mean that you're a blind fanboy, or that you hate the competition... -_-

Something a lot of people need to learn on these forums.

I'm not holding my breath. It's the internet. *shrug*

Also, I found a link to an article with the actual implications: http://www.cubed3.com/news/18025/1/100-billion-yen-or-satoru-iwata-resigns.html

The article you linked is making a really poorly and loose interpretation of what Iwata said. No where did he imply he'd resign. 

That being said, knowing how business people react to similar situations in Japan, it's not that much of a strech to think he'd end up resigning if those goals aren't met.

It's loose, I know. But it's still better than the absolute nothing in the OP's link.

I feel that it would have to be a REALLY big miss for him to lose his job, frankly. A vauge reference from an unofficial translation doesn't seem enough reason to worry about his position. I just wanted to post something with the actual context is all.

It's still an interpretation of an interpretation. Grasping at straws, even. The quotes don't remotely imply that he will resign if those goals aren't met. The quotes only mention his commitment to those goals he set, and an admittance that things aren't the way he wish they'd be. There's nothing more in those quotes.

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[Edit:]

 After reading the actual Briefing, there is nothing in there that implies he'd resign. Your link actually makes a bigger deal out of what was reported from its source on Neogaf, by saying Iwata was actually adamant about retiring if the company's goals weren't met... Next report from an other random piss poor internet blog will be that he has in fact retired all along and is now nothing but a consultant... ¬_¬

Quotes from the actual briefing:

In terms of our financial results, as Yoshihiro Mori has just explained to you, we were not able to achieve the results that we had originally forecast for this year-end sales season, and since Wii U most recently has not been able to keep its launch momentum, we decided that it was necessary to announce a downward revision to our financial forecast in our net sales and operating profit. I feel deeply responsible for having failed to achieve sufficient results in this most crucial period of the year, the year-end sales season.

 

The main goal of today’s session is to explain to you our prospects for recovery in the next fiscal year, but before that, 

 

I would like to talk about how we performed last year in the global video game market.

[...]

 

As you might already know from some newspaper reports, we will reorganize our development divisions next month for the first time in nine years. Two divisions which have independently developed handheld devices and home consoles will be united to form the Integrated Research & Development Division, which will be headed by Genyo Takeda, Senior Managing Director.

[...]

As Yoshihiro Mori has already briefed you on our forecast for this fiscal year, you are aware that we cannot help posting operating losses for two consecutive fiscal years. We feel greatly accountable for this severe outlook.

Until now we have always shown you our specific earnings forecast for the next fiscal year at the time of our announcement of the full-year financial results. Under this circumstance, however, I am required to tell you about our prospects for when we will be able to retrieve "Nintendo-like" profits again, so I would like to say something here.

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Nothing there suggest that he will resign.