Details from Nintendo’s latest shareholders meeting – Mario Kart 8 sales top 2 million, core Wii U games, Wii U hardware, Iwata Asks update, more

Posted under News, Wii U
June 26, 2014 by (@NE_Brian)
nintendo

Update: Event is now finished.


Nintendo is currently holding its 74th Annual General Meeting of Shareholders. President Satoru Iwata isn’t in attendance as he’s still recovering from surgery, but there are still plenty of tidbits being shared.

We’ll update this post below with information that comes out from the event:

– Mario Kart 8 has sold over 2 million copies
– Wii U sales are up

Q1: How did E3 go?
A1: Watch this video. 50k industry members attend. Splatoon was introduced. GamePad-centered games Project Giant Robot, Project Guard, and Mario Maker shown. New firmware update makes use of the GamePad. High expectations for NFC figures.

Q2: How about gifts for shareholders?
A2: There are legal limitations on gifts, and we view return to shareholders as monetary. Shareholders who already own gifted products wouldn’t be happy.

Q3: When will there be new information on Zelda for Wii U? (audience laughs)
A3: Can’t answer until there’s an official announcement. (audience laughs) Hyrule Warriors is coming soon. The next official Zelda game will be open-world.

Q4: I don’t want there to be a shift from cultivating high-priced products, but there are so many people with smartphones. How will you make use of them?
A4: We are making use of smartphones in development. Not games, but supplementary tools.

Q5: I want to suggest large screens for children. Also, casinos will apparently be legalized in some places, and many people don’t know how to play casino games. How about games to teach them?
A5: Thank you for your suggestions. We will take them into consideration.

Q6: Will you be entering the Chinese market?
A6: We already have the iQue brand. Further information to come in the future.

Q7: Wii had single-player games Xenoblade and Regenleiv, how about the Wii U?
A7: Games for core users have been delayed in coming, but Monolithsoft’s Xenoblade Chronicles X will be released. Devil’s Third as well. They had a slow start, but more and more will be released. We used the term open-world games to help you understand, but in development, we don’t call them open-world games. There are games that other companies produce at great cost, and cannot become profitable without reaching the top 10. Even new titles need to be promoted in the marketplace. Leisure options have increased. Our products no longer rank as high in most-wanted product lists. The flow of information has changed greatly. We’re optimistic about using smartphones and SNS in marketing.

Q8: How confident is Takeda-san in the Wii U hardware?
A8: The Wii U is in HD, of course. We’re working hard to make good use of the GamePad. It doesn’t have a lot of memory, but it shares DNA with the GameCube in being efficient memory. I want to share that DNA with our younger staff.

Q9: I don’t know about games, and don’t care about game-related questions, but your shareholders haven’t said anything about the stock price dropping. What kind of a shareholder meeting is this? Tell me about the business administration. (audience applause)
A9: Thank you for your pointed opinion. Shareholder meetings are for us to communicate with shareholders. It’s important for shareholders to know what we as a company are doing, and what kind of entertainment we are providing.

Q10: The business has produced losses for 3 fiscal years in a row. I want to ask about management responsibility, but is there any outlook for this term 3 months in?
A10: Efforts are being made in the expansion of 3DS titles, the utilization of the Wii U GamePad, the sales of strong titles, the amendment of income and expenditure balance, and cost reduction.

Q11: I want to hold stock for about 10 years. I have misgivings about turning this company into a medical device maker. I want to ask Miyamoto-san how future games will be played.
A11: Miyamoto: Entertainment alone cannot restore earnings, high sales are also needed. The rise and fall of market cycles are intense. Thirty years ago we had loans, but now we have large cash reserves. I don’t know about 10 years from now, but I feel that accepting smartphone hand-me-downs for less than our cheapest games would be a threat. New forms of amusement are always being born, so I think we’ll make do.
Takeda: We deal with amusement, not life necessities. We’ve gone through many market cycles. We create products that make use of hardware technology, ideas, art, psychology, and so on. We want to do our best even in the different form of health. This is one form of amusement. It’s not that we are aiming for a health business.

Q12: I heard that you’re merging your home and portable development environments. Isn’t 3rd-party support weak? Especially, I think, overseas.
A12: When creating for Nintendo hardware, native or general tools could be used. I want to use standard tools as much as possible. In America, there are 30 companies on 3DS and 20 on Wii U. There are similar numbers contracted in Europe. Including downloadable software, in America there are 130 companies on 3DS and 200 on Wii U, in Europe there are 160 companies on 3DS and 115 on Wii U, and in Japan there are 140 companies on 3DS and 35 on Wii U. The Wii U hardware is not becoming widespread, so development for it is taken under careful consideration. We want to spread the Wii U through 1st-party titles to encourage development for it. The 3DS has become widespread primarily in Japan. Development is active. There are many plans to bring smart device applications to 3DS.

Q13: President Iwata owns many shares, but the other directors only hold 1 or 2 hundred each. Does this mean that they’re not responsible? Chairman Takeda, who’s worked at the company for a very long time, only holds 200 shares. (audience laughter)
A13: We don’t believe that the number of shares held has any bearing on work responsibility.

Q14: You have plans to use your characters in licensing businesses outside of video games, but what exactly are these? What is the earnings outlook?
A14: First of all, we are planning Amiibo. We are not releasing earnings projections at this time.

Q15: Iwata Asks hasn’t been updated in some time. Is there any reason for this other than his health issues?
A15: Our homepage is just one of many ways that we convey information about our products. There is the health reason, but we are considering various challenges in light of forming cooperation with our customers and best conveying our message to the greatest number of people. As for the President’s condition, he is conducting work via e-mail. Iwata Asks will be resumed thereafter.
Miyamoto: Iwata Asks not being updated has nothing to do with his condition. Considering that the PR for those interviews only reach a few people, their exposure has been reduced.

Q16: President Iwata is too sincere and seems to be taking on the company’s slump by himself. Is this the cause of his illness? Miyamoto-san seems to be aloof. (audience laughter) I want President Iwata to have that brazenness. Please tell him that. (audience laughter)
A16: Thank you for your thoughts.

Q17: Nintendo feels ebbs and flows, but isn’t this just a general trend like slumps in the movie industry?
A17: That’s a difficult question. I think that’s one large wave. Movies and other media are an example. I’ve done hardware, so here’s Miyamoto on content…
Miyamoto: (about Q16) I have anxiety too… (audience laughter) Yamauchi said that amusement media is a killer-app. We are in a transition period, and Nintendo has to grow its creativity. We don’t compete using equivalent hardware, but by making use of the hardware’s strength in uniqueness.

All 3 resolutions passed.

Source



Around the Web

  • sonicfan1373

    Have they (re)elected the directors yet?

  • Operative

    Great news with Mario Kart. Correct me if I’m wrong but it seems like the fastest selling Wii U game so far, maybe excluding NintendoLand

    • http://www.feshrine.net/ Blazer

      According to VGChartz (not the best statistics but good for a basic estimate), Nintendo Land sales were under 1.6 million in the first 10 weeks. Even if that number is severely undertracked and it’s 1.8 million, MK8 would still win with over 2 million copies sold in less than a month. =)

      • Emufred

        VGchart believed that mario kart 8 was still at 1.5 million

        so yeah.

        • http://www.feshrine.net/ Blazer

          Point, but MK8 still has plenty of time. Also, digital sales: eShop sales aren’t tracked and with people downloading it at midnight, I imagine it could even count for a couple hundred thousand of the purchases or what have you. Also vgchartz isn’t fully up to date~

          • superphillip32

            More like also, VGChartz is not a good site to pull numbers from and you don’t look smart using them. -_-

      • Guest

        VGChartz is a guestimate joke site. Their numbers are made up and massively corrected once real numbers from other reports hit. It’s simply bad to quote their numbers as truth.

        • http://www.feshrine.net/ Blazer

          I stated it was a basic estimate and it was clearly just a speculative comment suggesting that MK8 is selling faster than Nintendo Land. You can say whatever you want about VGChartz, but if you compare MK8’s sales to Nintendo Land’s, MK8 seems to be selling faster, and I was just sharing that. Consider that most of Nintendo Land’s early copies were bundled with the Wii U and were physical and then look at the Wii U sales early on and you can make guesses about Nintendo Land sales (plus or minus a few hundred thousand, which is a huge margin of error that I -already acknowledged-).

          I never said it was fact, I rounded and accounted for huge errors in my thought process and still came to the conclusion that MK8 SEEMS TO BE selling faster than NL. In other words, even in a “worst case scenario” MK8 would be outpacing NL so I shared that thought. I didn’t go acting like I had done some great undeniable research nor did I make a factual claim.

          Get over yourself and start taking comments for what they are instead of jumping to “omgosh VGChartz is terrible everything you say has no meaning even if it’s just vague speculation”.

  • sonicfan1373

    The ignorance in question 9 is one reason why I hate shareholders who do not care about what the company they have invested in is doing and only want to make a quick buck. The applause obtained by this guys’ comment worries me about the upcoming director elections.

    • Emufred

      Didn’t Nintendo bought like the majority of their stock back?

      • sonicfan1373

        Stock bought back by a company is considered to be non-voting shares (they are called treasury stock), so the company cannot use them to vote in proposals or board members unless they sell them back to the public as voting shares.

      • TalesOfBS

        They bought a lot of them but some shareholders insist on keeping them. As the one of them pointed out, Iwata owns more shares than most directors, and probably more than many shareholders there.

    • kthanxyousuck

      Seriously. The “I don’t know about games” from someone holding stock in a game dominate company….ridiculous. Kind of sad people don’t invest in things they truly know about and will jump on any company they see making money.

  • Emufred

    Wow, everything went downhill when Mr. Question 9 a**hole started talking.

  • gimmegimmekevin

    Wow, I’m surprised they admitted the Wii U “doesn’t have a lot of memory” and that they’re games aren’t at the top of what consumers pay attention to. Good to see them being honest with themselves in terms of marketing at least, now change it!

    • Roto

      What?

  • smashbrolink

    I think it’s fair to say that this year’s E3 has literally saved Iwata’s *** as far as the shareholders and their voting is concerned.XD

    Good job, Nintendo! You just keep giving me reasons to keep on coming back for more games…
    But for the love of God, please get more third party exclusives like Devil’s Third and Bayonetta 2. I’m sick of horrible AAA third party ports like Sniper Elite V2…

    • Melatelo

      Technically Bayonetta 2 and Devil’s Third are not ‘third party exclusives’ as they are being published by Nintendo. Exclusive third party software would be like…Zombi U, for example.

      • smashbrolink

        Meh, it’s games in IP’s that Nintendo doesn’t own that are only coming to their system.
        Paid or not, it’s close enough for me.XD

  • TalesOfBS

    Maybe he is that one guy that keeps his Nintendo shares just to be present at the meetings and later complain and spread crap to get attention on the media?
    Forgot his name.

  • Melatelo

    “I don’t know about games, and don’t care about game-related questions, but your shareholders haven’t said anything about the stock price dropping. What kind of a shareholder meeting is this? Tell me about the business administration. (audience applause)”
    …are you fcking kidding me.

  • TalesOfBS

    We don’t compete using equivalent hardware, but by making use of the hardware’s strength in uniqueness.

    Good! Then how about patching the VCs to allow some better texture filtering/scaling? How about releasing a patch to allow people to play Wii games that were compatible with the GC/Classic Controller on the gamepad? How about an update to allow disc games to be installed on a external USB drive to speedup loading times and reduce disk/drive wear?
    There are a lot of other small things that Nintendo could have done to make the overall customer’s experience on the Wii U (and 3DS) just even better, yet they rarely do it. The Wii hardware had so much potential and yet Nintendo mostly wasted it.

    • http://lwiis64.deviantart.com/ L.A.C.

      How about if I buy Super Mario Bros. on 3DS, I get it on the Wii U as well. And vice versa. How about letting me instant message my friends on the friend list instead of launching Miiverse. There are so many little things that the Wii U does wrong it is frustrating. I consider the people of Nintendo true creative geniuses, but sometimes they fail at the smallest things.

      • TalesOfBS

        Wtf is wrong with you guys? Do you know what disc install on a console means?
        It is just offloading most game files to the hard drive so the drive doesn’t need to keep the disc spinning all the time, making noise and reducing the lens/disc wear (yes, you still need your disc in the drive for check). Also, USB 2.0 archives up to 480mbps read speed, which means the console could read the game files at around 48MB/s, a lot faster than the Wii U’s drive 22MB/s maximum. Also, file seeking times are greatly reduced since average blu-ray drive random seeks are around 80ms and sata drives random seek sit around 8ms.

        I can’t believe i had to explain this here.

        • Operative

          I see what you mean, but that doesn’t change the fact that allowing for installing games on an external USB would just make it that much easier to pirate games. Just download the disc image to the Hard Drive and you’re good to go. I think it would only really be practical if the Wii U had a 500GB Hard drive like the PS4 that the games are automatically installed on. Since it’s the native hard drive and not an external one that would be easy to tamper with, it’s much safer.

          • TalesOfBS

            Why are you people talking about piracy? All other consoles do that and it doesn’t make anything easy for pirates. It never made. There is a lot of security on this stuff. The Wii U itself already does something almost like that for digital games. They would just need to add a option for offloading assets, like textures, to the usb drive.

            Since it’s the native hard drive and not an external one that would be easy to tamper with, it’s much safer.

            What? It doesn’t make any sense. Any hard drive, ext usb or internal sata, could be tampered with. It is up to them to protect the system from it.

        • http://lwiis64.deviantart.com/ L.A.C.

          I don’t know why you are replying me. I have not say otherwise. I was adding a few more nuisance the Wii U has.

          • TalesOfBS

            Just used it for everything, sorry.

        • Ben Dover Kuntz

          i hear you… its a good idea on the paper. but its not gonna happen, its to risky. hackers are just waiting for a thing like this to happen…

        • Ben Dover Kuntz

          i hear you… its a good idea on the paper. but its not gonna happen, its to risky. hackers are just waiting for a thing like this to happen…

          • TalesOfBS

            Not this again.

          • Ben Dover Kuntz

            it is not easy i know but the hackers and piracy will run rampant if they allow usb.

          • Ben Dover Kuntz

            it is not easy i know but the hackers and piracy will run rampant if they allow usb.

          • TalesOfBS

            Wii U already allow USB… eShop games.

      • Ben Dover Kuntz

        cant you send messages to your friends on the wiiu?? i only thought the 3ds was where you had to use miiverse for this.

        • http://lwiis64.deviantart.com/ L.A.C.

          You can’t message your friends on the Wii U’s Friend List. If you wish to message your friends, you need to launch Miiverse and send the message from there. Absolutely not user friendly.

    • Ben Dover Kuntz

      ” How about an update to allow disc games to be installed on a external USB drive”…. u want to gift the pirates, lol….

      • TalesOfBS

        Read again.

    • Operative

      The external USB idea would just sound like “Here, have all the free games you want, we clearly don’t give a crap about our console anymore”.

      But everything else you said was a good idea

      • TalesOfBS

        What? Please, re-read.

  • Ben Dover Kuntz

    it should have been like this…

    Q9: I don’t know about games, and don’t care about game-related questions, but your
    shareholders haven’t said anything about the stock price dropping. What
    kind of a shareholder meeting is this? Tell me about the business
    administration. (nintendoeverything.com audience laughter)

    A9: To know this is coming from someone that is holding stock in a game dominate company is ridiculous. Do you not care about what the company you have invested in is doing. You invest in our company for the long run not the quick money. (nintendoeverything.com audience applause)

  • Tito

    “Isn’t 3rd-party support weak? Especially, I think, overseas.”
    A: Don’t worry, in next year, you shall see Dead Rising, Megaman, Resident Evil, Street Fighter, Fire of Breath and more, exclusivity~! We don’t need those bribed third-parties!

    Oh… Can’t helped it 8D

  • Nintendo Fan 4 Lif3

    We don’t compete using equivalent hardware, but by making use of the hardware’s strength in uniqueness.-Shigeru Miyamoto

    Well said