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Discussion Bloomberg: The existing Switch will be Nintendo’s “main business” heading into 2024, Plans for the next fiscal year will be shared at the next meeting

This is the first shareholders/investor meeting, he saying headed into 2024 means headed into 2024, not the entire year. Plus the fiscal year starts in April.
If that's the case we need a new translation, because heading into 2024 already happened and the 2024 fiscal year is almost over. As is I would say it's preparing expectations-- switch 2 reveal won't be for a while and release will be longer still. It's looking a lot like the Switch 1.
 
But "heading into" was.

Spring 2025 is also in this upcoming fiscal year fwiw
When do you think the "next meeting" is?

He wasn't referring to Feb 2025 shareholder meeting, he was referring to May 2024 shareholder meeting, which would be the first meeting after launching FY2025.

If that's the case we need a new translation, because heading into 2024 already happened and the 2024 fiscal year is almost over. As is I would say it's preparing expectations-- switch 2 reveal won't be for a while and release will be longer still. It's looking a lot like the Switch 1.
The translation is fine as it is, IMHO. "Heading into 2024" is present tense, because FY2024 is not over yet. The meeting we just had was 9-month FY2024 financial update. There is still almost 2 months to go for FY2024 - the current month and the month of March. That would fit the "heading into 2024" phrasing nicely.

Why mention the FY2025 plan will be revealed at next meeting if the plan is to keep Switch 1 as the main focus anyway?
 
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I know people don't listen to Kit and Krysta on here (weirdly enough). But even they both said that Nintendo always says that and it's what they will always say and they doubled down that the Switch 2 is coming out this year.



And like I said before to it's happening this year.
 
Okay, let's try this.

The existing Switch will be Nintendo's "main business" heading into 2024.

The existing Switch, obviously, refers to the extant hardware configuration(s) we currently know as "the Switch." I am open to arguments that this is somehow referring to a different Switch altogether.

The idea that the current hardware will be Nintendo's "main business" indicates simply that other areas of business are not usurping it during the stated duration. Such other prospects could be new hardware -- and even then, this might not be considered as removing the extant Switch as the main business until its actual release, allowing for announcement and marketing. Other aspects of business could also include film initiatives and/or theme parks, but it seems incredibly unlikely for these to take precedence such that the caveat needs made. Video games are Nintendo's focus, and right now that means the Switch.

"Heading into 2024" is not particularly specific, except that it doesn't indicate this will be the case throught the 2024 calendar year; while it doesn't explicitly necessitate that this course be altered within the year, it notably leaves that possibility open. Further, "heading into 2024" does not specify any particular time frame beyond what has already occurred.* In any case, this could end as soon as the next Nintendo Direct, or the next investors' meeting, or some random Twitter note, etc cetera. Likewise, it means little enough that the whole year could go by, since it doesn't explicitly say something else will be supplanting the current Switch.

"Main business" is somewhat interesting because it's set in quotation marks, specifically setting it apart as [a translation of] words that were actually said. We can infer that the rest was paraphrased, so we don't have the direct text; nevertheless, for our current purposes, we take it at its word.

*"Will be" does indicate a sense of going forward, but, between everything being vague as is and the likelihood the original statement was similarly vague but with subtle differences, I wouldn't hinge an interpretation on it. Besides, that going forward can end at any time, especially given we're already heading into/in 2024.

Further, reference to a "current Switch" doesn't necessarily indicate the next console will keep the same branding, nor does it necessarily preclude a new version of the Switch we know being released, so long as it's not substantially different. This terminology was also not set in quotation marks.

In short, it says a lot less than many people seem to give it credit for, but that seems common with all such statements.

The company's plan for the next fiscal year will be shared at its next earnings briefing.

This is a standard nothing statement. The company's plan for the next fiscal year beginning in April is always going to be shared at this meeting, regardless of whether there's anything worth noting.

In short, the statement as paraphrased to us, and likely also as initially given, says a lot of nothing, as such statements are wont to do.

But, hey, it's happening.
 
"Heading into 2024" can be interpreted differently, so it's why Nintendo said it: no definitive answer so they can keep controlling the narrative.
 
“main business” implies the existence of secondary business
tenor.gif
Finally, the return of Nintendo's love hotels business
 
To me its pretty easy to understand what "heading into 2024" means. It's their first financial investor meeting of the year. I see it all the time with these type of investor calls. "Coming out of 20XX and heading into 20XX, we as a company will be focusing on [insert random PR stories/AI/etc.]".

Nintendo left it vague on purpose, they didn't want to signify a new device is coming in by their next year's FYE yet to make sure they won't spook the market and lessen their sales trajectory on their current devices (Lite, LCD, OLED) more than it is currently.

I expect we will see the successor before either Nintendo's Q1 or Q2 end of the next Fiscal Year, and hear hints of things by the next quarters investor's call.
 
If that's the case we need a new translation, because heading into 2024 already happened and the 2024 fiscal year is almost over. As is I would say it's preparing expectations-- switch 2 reveal won't be for a while and release will be longer still. It's looking a lot like the Switch 1.
No, we don't, as others have told you. This was the first shareholders meeting of the actual year, while the last one before the 2024 fiscal year ends, He is vague, he would have used different wording if he was saying what you think he is saying
 
I tell you what this goddam Switch 2 better be good

If it isn't, I have enough games on Switch 1 to last me a lifetime tbh.

But Switch 2 will be good I think, Being as good as the first will be a monumental challenge though.
 
Agree to disagree. We'll have to wait and see but I'm feeling strong about 2025.
we can agree to disagree, if you believe it is 2025 that's fine, but that comment is not saying what you believe it is, and his answer to one of the q&a's is basically that future hardware release date won't be changed due to how current hardware is selling.
 
I know people don't listen to Kit and Krysta on here (weirdly enough). But even they both said that Nintendo always says that and it's what they will always say and they doubled down that the Switch 2 is coming out this year.



And like I said before to it's happening this year.
People don’t listen to them because they don’t like clickbait titles and/or they feel like they get alot wrong.
 
Agree to disagree. We'll have to wait and see but I'm feeling strong about 2025.
You're entitled to believe whatever you want, but forcing a misleading interpretation of a typical PR statement that in any way discards a 2024 release is another thing.
 
It's only February and people are switching to Team 2025?
I've been team 2025 for a while. It always made the most sense even before these statements considering major Switch games like Metroid Prime 4 haven't even been formally announced yet. Will probably make a nice fall release as a swan song.
 
Please be kind and respectful of other members who may have differing opinions. -mariodk18, Tangerine Cookie, Party Sklar, MissingNo., big lantern ghost
please kindly stop all chatter regarding 2025. you’re speaking out of your bottom orifice and stirring that which comes out of it.
 
Oh wow I just saw the sales figures, it’s more than I thought.

So let’s say they can take the opportunity to try to get closer to PS2, even though I still don’t think they will be able to reach those numbers.
At this point 150mil is pretty much assured. From there it will depend upon emerging markets & how strongly Switch 2 affects sales in bigger markets.
 
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this falls in line with my expectations of a september-ish launch, but DAMN IT!! i don’t want my expectations to be met! stop zipping your lips, furukawa, and give us what we WANT!
Well, if you participated in that prediction thread and chose correctly there's always that elusive badge... If it is still valid, that is

please kindly stop all chatter regarding 2025. you’re speaking out of your bottom orifice and stirring that which comes out of it.

Don't be that guy.
 
I know people don't listen to Kit and Krysta on here (weirdly enough). But even they both said that Nintendo always says that and it's what they will always say and they doubled down that the Switch 2 is coming out this year.



And like I said before to it's happening this year.
Clickbait titles, i don't really find them/their personalities entertaining, sometimes their takes feel smug, which is ironical since when they left Nintendo people expected more inside knowledge, but nah, their takes are sometimes worse then of other content creators.
Just like the "Nintendo may be disappointed by totks sales"... When they did give Ubisoft the hint that mario rabids would do better on switch 2...

Finally, the return of Nintendo's love hotels business
... I would actually love that. Would increase my belive in their strategy...but only if they export the concept.

Going on a date in a hotel that has lube, smash and joy cons! Sign me up!
 

I’ll never understand why tech/:gaming media always bring up Sony and Microsoft as some sort of dire warning to Nintendo’s plans and pacing as if what they are doing has ANY consequence to Nintendo success/failure. Nothing Microsoft or Sony or Valve or Meta, or whatever, is doing will have any effect on what kind of hardware Nintendo makes to play their games and when they decide to release it.
 
I’ll never understand why tech/:gaming media always bring up Sony and Microsoft as some sort of dire warning to Nintendo’s plans and pacing as if what they are doing has ANY consequence to Nintendo success/failure. Nothing Microsoft or Sony or Valve or Meta, or whatever, is doing will have any effect on what kind of hardware Nintendo makes to play their games and when they decide to release it.
Agree. This comparison is as out of place as comparing Steam Deck with 5+ year old Switch and calling it „underpowered“. Time makes a difference.
 
I hope it's 2025, just out of spite
that’s basically what everyone saying it sounds like 😂 you’re just saying it for the sake of it and if you had any reasoning for why 2025 makes sense other than “because contrary” then pls share it.
 
Quoted by: Ab
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that’s basically what everyone saying it sounds like 😂 you’re just saying it for the sake of it and if you had any reasoning for why 2025 makes sense other than “because contrary” then pls share it.
It's 2024, but I hope it's 2025 now
 
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