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Nintendo's 76th Annual General Meeting of Shareholder - live-blog
お土産はマリオのタオル、ピカチュウのクッキー、ペットボトルのお茶(常温)です pic.twitter.com/KBJ1tXSvxK
— あれっくす/6月29日 任天堂株主総会 (@NStyles) June 29, 2016
- attendees got a Mario towel, Pikachu cookies,and green tea
.@NStyles There were no big #3DS hit titles, so sales were low. #WiiU #Splatoon, Mario Maker, Twilight Princess did well. #Amiibo hit 24.7m.
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles Download sales totaled 43.9 billion yen.
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles Operating income recovered, but losses due to the strong yen reduced ordinary and net income.
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles #Miitomo got off to a good start.
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles Assets: 1 trillion, 296.9 billion yen. Net assets minus liabilities equal 1 trillion, 160.9 billion yen, down 6.6b yen from last.
— Cheesemeister (@Cheesemeister3k) June 29, 2016
Kimishima: The dedicated video game hardware codenamed "NX" is scheduled for launch in March of 2017
— ZhugeEX (@ZhugeEX) June 29, 2016
.@NStyles Issues to address. Up to now, the goal has been to expand the gaming population irregardless of age, gender, or experience.
— Cheesemeister (@Cheesemeister3k) June 29, 2016
Focus on My Nintendo and utilizing the synergy of dedicated game machine business and smart device business. https://t.co/iFagmHRY03
— Shigeru News (@ShigeruNews) June 29, 2016
.@NStyles Now, the focus is to increase the population exposed to Nintendo IPs.
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles Pokemon Sun/Moon #3DS due out worldwide in November. Many other Nintendo, strong 3rd-party titles to be released.
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles For the #WiiU, The Legend of Zelda: Breath of the Wild will be released next year.
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles The #NX is due out worldwide in March 2017. The dedicated game machine business will continue to be core.
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles #Amiibo and download businesses will continue to receive focus. Fire Emblem and Animal Crossing come to smart devices this fall.
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles Nintendo IP will be utilized in theme parks, character goods, and film contents.
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles NStyles: They said the #WiiU would continue to fight on, but only Zelda is coming next year, so that's not enough...
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles Q1. I've held shares for 20 years. I want to protest the board of directors being all-male. Remember half of the market is female.
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles Also, I don't use a PC, and I'd like the opinions of those kinds of shareholders to be taken into account.
— Cheesemeister (@Cheesemeister3k) June 29, 2016
The first question is about gender equality on board of directors.
— ZhugeEX (@ZhugeEX) June 29, 2016
Nintendo say it's all men, but Women help with product development etc.
.@NStyles A1. Kimishima: We don't have any females [on the board]. For foreigners, Reggie is an operating officer. There are many female...
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles employees, and their opinions are applied in product development. It's important that we continue taking their opinions in dev.
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles Q2. Looking at the balance sheet, I think this is a very good company, but the stock price is low and needs to be increased.
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles For example, focusing on VR, developing software for elders to exercise and prevent dementia, and other various types of efforts.
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles I would also like a young director to be appointed.
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles A2. Kimishima: Other companies' VR presentations at #E3 became a topic of discussion. It has captured customers' interest, and...
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles while we're researching it, we don't have anything concrete to discuss now. To increase the stock price, we're utilizing our IP...
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles ...researching QOL, preparing the #NX, and taking on many such challenges.
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles A3. Kimishima: Financial markets are in turmoil. For now, the yen is strengthening, causing our foreign assets to fall. We have...
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles ...@NintendoUK, and safety standards and personal information regulations from the EU may change under the UK. We're watching...
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles ...the situation and making preparations.
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles Q4. About last year's leadership change. Last July, Iwata-san passed away and in September, President Kimishima succeeded him.
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles There was a problem with not having a president for 2 months. I want to know why that was. What will happen to [Iwata] Asks?
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles Many people are demanding action games as smartphone applications, so will you release a physical controller?
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles A4. Kimishima: In regards to [Iwata] Asks, I don't come from a game dev. background, so if I ask, it wouldn't be interesting.
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles Former President Iwata entered the hospital before passing away and directed Takeda, Miyamoto, and I at that point. However, he...
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles ...didn't expect to pass away so soon, so we needed time to decide upon the following organization and direction.
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles Miyamoto: Thank you for the last question. About Iwata Asks, even he said, "It's gotten in a rut." For now, we want to continue...
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles #NintendoDirect with Morimoto. We will do lots of new things.
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles Miyamoto: There being no female directors was criticized, but I think their contributions as development staff are world-class.
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles Shinya Takahashi: There are certainly physical controllers for smart devices, but Nintendo wants to make action games w/out them.
— Cheesemeister (@Cheesemeister3k) June 29, 2016
Nintendo confirm that they're still on track to deliver 5 smrtphone applications to consumers by March 2017.
— ZhugeEX (@ZhugeEX) June 29, 2016
(Miitomo, FE, Animal Crossing)
.@NStyles Q5. #Miitomo is doing well, but I'd like to hear your response to providing contents to other companies' platforms.
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles A5. Kimishima: I think we're still working to resolve the initial challenges with smart devices. We'll have 5 titles by March.
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles Any IP may be utilized to the maximum extent.
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles Shinya Takahashi: As for releasing on platforms other than Nintendo's, it's a bigger deal to deliver worldwide to places where...
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles ...our platforms haven't reached and to different age groups in each country.
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles Q6. Until now, the President has delivered the annual report directly, but this year was an audiovisual presentation.
— Cheesemeister (@Cheesemeister3k) June 29, 2016
Nintendo says advertising expenses are less than 2 to 3 years ago.
— ZhugeEX (@ZhugeEX) June 29, 2016
They've cut costs there by trying non traditional methods (non TV)
.@NStyles I want to know how much effort the President is putting into Nintendo.
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles A6. Kimishima: This may be difficult to hear, but I'm going through trial-and-error. It may be better for me to report myself...
— Cheesemeister (@Cheesemeister3k) June 29, 2016
Nintendo says advertising expenses are less than 2 to 3 years ago.
— ZhugeEX (@ZhugeEX) June 29, 2016
They've cut costs there by trying non traditional methods (non TV)
The orange bar is advertising spend forecast for this year.
— ZhugeEX (@ZhugeEX) June 29, 2016
As you can see it is lower than few years ago. pic.twitter.com/lifSlYs3Pc
.@NStyles Q7. The marketing budget is being revisited and the balance of payments corrected, but I get the feeling that new product news...
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles ...is declining.
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles A7. Kimishima: We revisited the marketing budget in accordance with sales figures. As a result, we've saved versus 2-3 years ago.
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles Q8. There was a change to the articles of corporation to add "manufacturing and sales of medical devices." Please explain.
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles A8. Kimishima: This is related to QOL devices, but it was added in anticipation of future business expansion.
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles Q9. When the #WiiU added HD support, there were development issues and software shortages. Will the organization avoid the same...
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles ...problems when investing in new technologies like VR? How is #NX development structured?
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles A9. Kimishima: I understand your question as being about my speaking negatively about the #WiiU. Some said that the Wii U would...
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles ...sell because the Wii was selling. However, I said that if the Wii was selling, getting users enjoying the Wii to switch...
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles ...would be a hard sell.
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles Miyamoto: At the time, we sold a game machine with the GamePad for 30,000 yen. However, we faced difficulty from other...
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles ...companies releasing many tablets at low prices.
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles Miyamoto: We talked about the new Zelda for #WiiU and #NX at #E3. I'd like you to watch this video from the floor.
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles Tickets ran out right away. Many people have high expectations for the game. We're also working hard on the #NX version.
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles Miyamoto: The Legend of Zelda turns 30 this year and has many fans in the west. We're considering how to get Zelda out of its rut.
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles Miyamoto: Normally we would've shown the #NX at #E3, but we didn't. We're worried about imitators if we release info too early.
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles Miyamoto: I heard VR was a hot topic at #E3, so I went to check it out. It was on display, but it wasn't what I expected.
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles We're also researching VR, so we have the core technology. Long play sessions are an issue. We want to release something...
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles ...that can be played for long periods, carries value, and is affordable. We want parents to feel at ease.
— Cheesemeister (@Cheesemeister3k) June 29, 2016
Nintendo in talks with partners about films/movies etc...
— ZhugeEX (@ZhugeEX) June 29, 2016
Want to make sure IP is treated right and have influence over the movie.
.@NStyles Q10. There are many questions for game fans, so I'd like you to answer this 2-part question, first listen and then tell me...
— Cheesemeister (@Cheesemeister3k) June 29, 2016
Nintendo is working with DeNA to launch a new smartphone project. https://t.co/Ec7JjQm68W
— Shigeru News (@ShigeruNews) June 29, 2016
.@NStyles ...and then if you could answer the 2nd part in a game-related question session. (The audience laughs.)
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles A10. Two meetings ago, I said that the investors' meetings are an important place for communication. Investor-related questions...
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles ...are a given, but an opportunity for those [game-related] questions is also needed. We'll consider making such an opportunity.
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles Q11: About #NX manufacturing, I hear that labor costs in China are rising and that robotic assembly is increasing. While going...
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles ...to fabless contract manufacturing, I want to know how you will keep costs down going forward.
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles Hirokazu Shinshi: I'm in charge of manufacturing. Labor costs have shot up in the last 10 years in China and across ASEAN nations.
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles Hirokazu Shinshi: I'm in charge of manufacturing. Labor costs have shot up in the last 10 years in China and across ASEAN nations.
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles Manufacturing automation has long been practiced in Japan, and is now done in China.
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles While making the same product for a long time, the amount manufactured changes based on things like the Christmas season.
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles It's easy to automate unchanging production amounts, but it's difficult when they do change. We're thoroughly communicating...
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles ...with our partners to make adjustments. As for the #NX, manufacturing is being prepped. We're considering how much to automate.
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles Q12. About utilizing your IPs, I saw a report that you'll be making movies. What will you do about not just money, but people?
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles Miyamoto-san may be motivated to make movies, but how will human resources be divided among games, theme parks, etc.?
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles A12. Kimishima: We're in discussions with a partner to work on films together. People are a valuable resource; each needs...
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles ...to be trained, and the relationships with our external partners are also important.
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles Miyamoto: I'm Miyamoto, and I'm motivated to make movies. (The audience laughs.) Film is an interesting field, and are needed...
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles ...to help make Nintendo's IPs unforgettable. The characters used only by Nintendo are precious across the world. For films...
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles ...we aren't ready to talk about it yet, but we haven't said that we're making movies.
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles Miyamoto: We made short movies for Pikmin and Star Fox, but those were made mostly externally, and it was just me from Nintendo.
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles For theme parks, we're cooperating with Universal Studios. It'll take some time before there are results, but please look forward.
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles Kimishima: We're cooperating with DeNA on smart devices. While launching new projects, we'll continue working with partners.
— Cheesemeister (@Cheesemeister3k) June 29, 2016
Zelda: BOTW has been in development for over 5 years. Has over 100 people working on the game today and 300 have worked on the game in total
— ZhugeEX (@ZhugeEX) June 29, 2016
.@NStyles A13. Kimishima: The spirit of uniqueness is built into our business direction. In tying up with DeNA, they support delivering...
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles ...our uniqueness to customers with their analysis of customer reactions and know-how.
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles Q14. The #WiiU is essentially being retired and the #3DS is past its peak, but aren't your business forecasts unrealistic?
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles Will they not be revised downward? Please break it down as basically as possible.
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles A14. Kimishima: #3DS sales have passed 58m. We can profit by delivering software to this base. We believe Pokemon will do so.
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles Kimishima: We believe smart device titles will be profitable. We're cautious about British EU exit effects, which may affect...
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles ...sales and profits if the yen continues to be strong.
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles Q15. I believe that the game industry's biggest problems are increasing development costs and the length of development.
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles I'd like to hear from each director what their approach to this is.
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles Takeda: We're using increases in productivity to make an appeal with the greatness of games instead of [hardware] performance.
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles Takeda: We're using increases in productivity to make an appeal with the greatness of games instead of [hardware] performance.
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles Miyamoto: Breath of the Wild has over 100 staff, and over 300 people in the credits, spending over 5 years. Our current efforts...
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles ...will be helpful in the next production. The costs will be recovered by selling in large volumes, passing 2m sales.
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles A game is a hit in the domestic market if it reaches 300k sales, but we're targeting worldwide sales.
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles Miyamoto: Reviews on the Internet get around. Details get pointed out, so our staff is working more than is required.
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles That needs to be sustainable. A change of pace is required.
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles ...sold a lot with small resources. We're doing lots of things to reduce development times like reusing game engines.
— Cheesemeister (@Cheesemeister3k) June 29, 2016
.@NStyles ...sold a lot with small resources. We're doing lots of things to reduce development times like reusing game engines.
— Cheesemeister (@Cheesemeister3k) June 29, 2016