• Skip to main content
  • Skip to header right navigation
  • Skip to site footer
Gameranx

Gameranx

Video Game News, Lists & Guides

  • News
  • Features
  • Platforms
    • Xbox Series X
    • PS5
    • Nintendo
  • Videos
  • Upcoming Games
  • Guides

Iwata Support Slumps at Nintendo

April 1, 2014 by Stephen Daly

Nintendo’s board said to be growing uneasy after company posts loss for third year.

Internal support for Nintendo president Satoru Iwata has fallen to 77.26 per cent, down from 92.86 per cent three years, with Nekkei reporting that there is a small chance Iwata may be voted off the company's board. 

Nintendo's upcoming General Meeting in June is described as being the backdrop of a month of "trials" for the beleaguered executive.  

The company's Chinese investors are said to be angered by Iwata's performance of late with one analyst stating that the company “ought to actively put their characters and other assets to use” in a bid to reverse an unprecedented three year run of losses. 

Nekkei further hints that there is the possibility that Iwata may be removed from Nintendo's board of directors in June which would have significant implications for his role as CEO of the company. 

Nintendo slashed both its hardware and software sales forecasts for the fiscal year which ended yesterday with sales of the Wii U projected to be just 2.8 million for the year compared to orginal estimates of nine million. 

As part of Iwata's attempts to broaden Nintendo's services, the company has entered the Japanese healthcare market. 

Share this post:

FacebookTwitterLinkedInPinterest

Recent Videos

20 CONTROVERSIAL Game Mechanics Nobody Can Agree On

20 CONTROVERSIAL Game Mechanics Nobody Can Agree On

THIS NEW GAME LOOKS INSANE, SONY BUYING WARNER BROS? & MORE

THIS NEW GAME LOOKS INSANE, SONY BUYING WARNER BROS? & MORE

100 Brand NEW Games Announced in 2025

100 Brand NEW Games Announced in 2025

FBC: Firebreak - Before You Buy

FBC: Firebreak - Before You Buy

Nintendo Switch 2: 7 Things We TESTED

Nintendo Switch 2: 7 Things We TESTED

20 INSANELY FAST Games That FORCE YOU TO THINK FAST

20 INSANELY FAST Games That FORCE YOU TO THINK FAST

Switch 2: 10 Tips & Tricks You PROBABLY DIDN'T KNOW

Switch 2: 10 Tips & Tricks You PROBABLY DIDN'T KNOW

10 AA Games That Were ALMOST A MASTERPIECE

10 AA Games That Were ALMOST A MASTERPIECE

10 Games That Were Also EXPECTED TO FAIL

10 Games That Were Also EXPECTED TO FAIL

Category: Updates

Sidebar

Recent Posts

  • Pokémon Go: What is Hyper Training? | Answered
  • Five Nights at Freddy’s: Secret of the Mimic – How to Unlock the True Ending
  • The Best Video Game Deals Available Right Now
  • Roblox Grow A Garden Gear Shop Guide
  • Roblox Gets Called Out For Apology Regarding The Hatch Event

Copyright © 2025 · Gameranx · All Rights Reserved · Powered by Mai Theme