During Nintendo's annual investors Q&A, one investor admitted that he did not understand video games. Considering he owns shares in one of the most beloved video game companies in the world, it's quite strange to hear.
Here's what the investor said: "I do not understand video games and I even feel angry because, at Nintendo's shareholders' meetings, the shareholders always discuss things relating to video games or such childish topics as "what the future of video games should be," while I, for one, was flabbergasted that Mr. Iwata continues to hold his position although he had said that he would resign if the company's performance were bad".
"I hope that Nintendo's shareholders' meeting will become an opportunity where the shareholders discuss the company's business operations from the viewpoints of capital gain and dividends", the investor added. But don't worry, Nintendo executives were quick to fire back, with Genyo Takeda and Tatsumi Kimishima replying.
Takeda said: "I appreciate your tough comment. We, the directors of this company, believe that we should take responsibility by recovering our business's momentum. I would like to ask Mr. Kimishima to comment on this valuable opinion from one of the Nintendo shareholders".
When Kimishima chimed in, he said: "The Annual General Meeting of Shareholders is an important opportunity for communication between Nintendo shareholders and the company's management team. It is a place where we respond to the views expressed by shareholders, in order to discuss how we should develop the company from now on. From that perspective, talking about the company's business operations is very important and, at the same time, as an entertainment company, it is also very important for us to inform our shareholders about the kinds of entertainment Nintendo offers, including video game content. Therefore, as the shareholder has just commented, we are and will continue trying to thoroughly discuss our business operations, and we will continue to respond to questions from other shareholders regarding the kinds of entertainment we are challenging ourselves to offer. We will try to further enhance the Annual General Meeting of Shareholders from now on. We appreciate your continued support of the company".