It looks like Nintendo’s financial year has ended, and a lot of info has risen from an 88-page report shared and deeply commented on by Stephen Totilo from Axios Gaming.
Lots of notable stats and details in the fine print of Nintendo's annual report this week.
— Stephen Totilo (@stephentotilo) July 15, 2022
- headcount up from 6,574 to 6,717 despite a drop in the U.S. due to closure of SF office
- avg minimum salary down, $88,276 to $81,705
- Shigeru Miyamoto's compensation: $1.8 million
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From the Twitter thread, we learned that Nintendo’s headcount went up from 6,574 to 6,717 (despite a drop in the U.S. due to the closure of San Francisco’s office), and the average minimum salary went down from $88,276 to $81,705. Still, Shigeru Miyamoto's compensation is coming to $1.8 million a year. And what’s more interesting, Nintendo added “labor disputes” while also stating that inside labor relations have been good:
“Labor unions do not exist in the Company but have been formed at some of its consolidated subsidiaries. Labor-management relations have been good, and there are no particular matters to be noted.”
Totilo mentioned that the labor complaints against Nintendo came after the reporting period, which explains why it’s not reflected in the paper.
The gaming area also gave something to talk about. According to Totilo, the income from video games in the U.S. declined by 10%. This was compared to the first half of 2021, down to $26.3 billion. He points this out to temporary factors like a lack of major game releases and constraints capping console supply. Remember that the company's only major release since winter was Mario Strikers: Battle League.
He also considered that inflation could play a relevant role in curtailing the desire to spend money on games. That, too, is undeniable. The last couple of years have been rough worldwide; the pandemic era we entered left a significant financial problem for everyone, taking us to particular moments when video games were listed as non-essential, hence not being consumed as before.
What does this mean to Nintendo? Possibly, trying a new strategy. It doesn’t look like much from the financial angle, but the big N reported drops in every area, alongside the video game consumption. Hopefully, this means a new Nintendo era could surface from this report.
What are your thoughts on Nintendo’s situation? Let us know in the comment section!
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