As reported by Bloomberg, the close of the Tokyo exchange brought a drop of 4.3% (to 12,325 yen) following Satoru Iwata’s various announcements yesterday in the press briefing.
The following is taken directly from Nintendo Life:
Here’s an example of investor feedback as provided by Bloomberg, in this case Takashi Aoki, a Tokyo-based fund manager at Mizuho Asset Management Co.
“I don’t see any path to an earnings recovery in the short term. The business plan was as I expected. I didn’t foresee any drastic changes.”
The chart below shows that the drop isn’t a particularly sharp decline — beyond that of earlier this month — but more reflective of Iwata-san’s announcements not inspiring investors.
Nintendo’s share price, in general, is hovering at levels along the lines of what they were for much of 2013, though the company will naturally wish to begin a climb to past glories in 2014 and beyond.
What are your thoughts about Nintendo’s struggles?