Second Quarter Financial Results Briefing for the 74th Fiscal Term Ending March 2014 - Q & A
http://www.nintendo....31qa/index.html
(non chiedete di tradurre perche' e' un sacco di testo)
Over these past four or five years, the number of Nintendo employees has expanded from 4,000 to around 5,000, and it appears that this fiscal year’s R&D expenditures may be the biggest ever. Over the same period, sales have gone down by about half. Given these circumstances, I would like to hear some comments regarding cost-cutting or workforce reduction going forward.
Iwata:
If you believe that there is no possibility of Nintendo’s results improving, then you would be right about it being necessary to review the structure of the workforce and the company itself to match the scale of the business. However, I believe that there are upward and downward swings in the video game business, that Nintendo has the potential to be a larger-scale business, and that in order to achieve that potential, good developers, localization capability and the ability to sell overseas are necessary. We need a company with a lot of muscle, but a company that also has no excess fat – one that makes smart spending decisions. Restructuring the workforce is not the first option we consider even when cost cutting is required. I would like you to understand that this is because we do not see a dark future for Nintendo.
As the former president of Nintendo, Mr. Yamauchi, passed away the other day, the stock market is watching what will become of his share of the company. Of course, it is ultimately up to the decision of the bereaved family, but I am interested in learning if the company has any proposals on this subject or is ready to talk to the family if they request cooperation.
Iwata:
First of all, please understand that the first 49 days* after his death have not yet passed and, accordingly, there is nothing concrete we can say as to what we might do. However, I received a similar question when we made the financial announcements yesterday at the Osaka Securities Exchange, and I answered by saying that, if the bereaved family approaches the company with a proposal regarding the inheritance, and if there is something we can do to cooperate, we are willing to do so. For the benefit of all of our shareholders, we are willing to cooperate if needed so as not to disturb our stock price as a result of his large stake in the company being released onto the market at once. Please understand, however, it would be only after the bereaved family contacted us to discuss this subject and, once again, if they do so, it will probably be only after the 49th day. I myself want the company to appropriately do what it has to do in order to not cause trouble for everyone, and I believe that the company has the fiscal ability to do so if needed.
*In Buddhism, the first 49 days after one’s death are regarded as an especially solemn mourning period.
Modificata da TangorFopper, 05 November 2013 - 04:48 PM.