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Nintendo FY2013 results briefing - details (on going)

This post will constantly see updates, so check back as the FY2013 briefing is currently going on!

- On Wii U: We need to rebuild momentum.
- Nintendo to hit target. Number one priority is to improve 3DS in international markets using major software titles.
- Nintendo claiming tone of press has turned more positive, citing kotaku and USA Today comments that 3DS has the best games.
- Wii U sales improve from July onwards with first party titles. As from today, Miiverse can be accessed on the PC and by the end of the year on 3DS too.

- 3DS connection rate 87%, while Wii U is at 80%.
- Animal crossing was 25% downloads, with 2/3 purchased at retail.
- In Japan, Wii U will get Suica card compatibility in near future to enable easy payment. Suica used for trains there, as an example.
- Nintendo open to new business models on its platforms like ftp or cheap price etc, but cloud based games not suited and no plans to do so
- Iwata is taking over direct report of overseas business so more alignment and product potential enhanced, he is giving some jp roles
- Nintendo sees driver of this yr profit improvement from hardware cost reduction, rise in first party mix, forex
- Nintendo said that with us purchases larger than sales that currency benefit was limited but should increase as usd sales rise
- Nintendo wiiu momentum is lost already, want continuous software releases and more important that software has high satisfaction
- Nintendo said advertising expense doesn't rise much this yr because of efficiency of using Nintendo direct and social media and eshop
- Nintendo but advertising spend last yr included brand building for wiiu which doesn't have to be spent this year
- Nintendo explaining software delays said it was because people had to work on hardware more than planned and min expectations rising
- Nintendo on share buyback said it's only benefit is to those who exit their shares into it, only short term benefit
Link

NoA's CEO Tatsumi Kimishima becoming NCL managing director, Iwata becoming NoA's new CEO

NINTENDO CO., LTD. ANNOUNCES PROMOTION OF NOA CHAIRMAN TATSUMI KIMISHIMA TO NCL MANAGING DIRECTOR

Led Nintendo of America Since 2002

REDMOND, Wash., April 24, 2013 - Nintendo Co., Ltd. (NCL) today announced a planned promotion for Tatsumi Kimishima, current chairman and CEO of Nintendo of America (NOA) and a director of its parent Nintendo Co., Ltd. Subject to shareholder approval, he will become NCL managing director, and transfer from NOA in Redmond, Wash., to NCL headquarters in Kyoto, Japan. In his new position, he will assume the roles of general manager of Corporate Analysis and Administration, and general manager of the General Affairs Division. These titles are currently held by Yoshihiro Mori and Masaharu Matsumoto respectively, both of whom are retiring. Kimishima will assume his new duties in Kyoto later this summer.

Kimishima was named to his current position at NOA in 2006. He first joined Nintendo in Japan in 2000, and was subsequently named president of Pokémon USA in 2001, before moving on to become president of the Nintendo of America subsidiary in 2002. Previously, he spent 27 years at Sanwa Bank of Japan, with multiple postings in North America and Central America.



Many of his current responsibilities, including the CEO title, will be assumed by Global President Satoru Iwata. The move will support the company's unified global strategy, allow streamlined decision making and enhance Nintendo's organizational agility in the current competitive environment. Reggie Fils-Aime will continue in his role as president and COO of NOA, reporting to Iwata.

Other changes announced to Nintendo's global board of directors can be found at http://www.nintendo.co.jp/ir/en/.

NCL opens official YouTube channel

Nintendo Company Limited has opened an official YouTube channel. This one will be filled with the latest Direct conferences, trailers and a whole lot more. Go forth and subscribe here today!

Nintendo fiscal year earnings release scheduled, coming April 24

If you are interested in Nintendo's financial side of things, the company has today released their schedule for the yearly earnings release. The whole slew of information will come our way on Wednesday April 24th, 2013, so mark those calendars.

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