Nintendo hopes the upcoming release of the NX console and a selection of mobile titles will “restore balance” at the company.
Speaking in an investor’s meeting, Nintendo President Tatsumi Kimishima reflects on the company’s recent financial performance.
“It has been our priority to take a close look at areas of our existing business where the revenue and expenses had become unbalanced, and to make sure that we corrected this balance.”
“In the next fiscal year, we will have to make preparations and investments to achieve these goals, and that comes with certain costs.”
Related: Nintendo Wii U Review
The coming fiscal year will see Nintendo release the NX and a range of free-to-play mobile titles aimed at a large audience.
Very little is known about these, with the exception of Miitomo, a free social game coming to mobile platforms in March.
Kimishima believes the combination of NX and mobile gaming will return the company to “Nintendo-like profits,” which it hasn’t seen since the release of the Wii in 2006.
“The question was to pick one area with which we will be able to achieve Nintendo-like profits, but I would like to suggest two areas.”
“One area is our NX business, and another is our business for smart devices. I believe that keeping these two endeavours on track will be key to achieving Nintendo-like profits.”
Related: Nintendo NX - What we’d like to see
Nintendo’s annual revenue decreased significantly following the launch of the Wii U in 2013.
The underperforming console has only sold 12.60 million units, despite boasting a diverse library of games.
We know very little about the Nintendo NX beyond rumours and speculation. Many believe the platform could abandon discs entirely, and could even be a console/handheld hybrid.
The platform is rumoured for a Holiday 2016 release, but we’ll just have to and see what Nintendo has up its sleeve.