Word: iwata
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Christmas is supposed to be a happy?and wildly profitable?time, at least if you're Satoru Iwata, CEO of Nintendo, one of the world's leading makers of video games. And during the '80s and '90s, it was a joyous holiday. For most of that time, the Kyoto-based game company could count on at least one of every two game consoles gift-wrapped under Christmas trees to have been manufactured by the firm. And each of those game boxes would generate revenue streams that trickled well into the new year, as customers became addicted to Nintendo-owned franchises...
...company's latest console, the GameCube, has proved to be an unmitigated disaster, giving this holiday season the potential to become the Winter of Iwata's Discontent. Nintendo has suffered such a string of bad news over the past few months and posted such disappointing financial results over the past few quarters that many investors, analysts and industry watchers are wondering whether the onetime industry giant can hit restart?or at least pause?in an increasingly competitive video-game industry. Not only is Nintendo struggling to keep pace with its larger, better-funded rivals?Sony and Microsoft?in the console...
...millions of unwanted GameCubes, Nintendo had to suspend production on the boxes for the first nine months of this year. Such operations snafus contributed to the company's first half-yearly loss since going public in 1962. Breaking the firm's profitability streak became an embarrassing black eye for Iwata, who had the great misfortune of taking over the company from legendary CEO Hiroshi Yamauchi a year-and-a-half ago?just as the bottom was falling out. Coming off its worst year in history, the company desperately needs a successful Christmas season if it is to regain the confidence...
...horrors of Unit 731 came into sharp focus on Aug. 27. That day, Tokyo judge Koji Iwata issued a landmark decision on a case brought by 180 Chinese victims of the 1940-41 plague. They were seeking compensation of about $84,000 each for damages inflicted by Unit 731. The government has long denied evidence of such crimes. But the judge declared that "The deployment of biological weapons was a strategic part of Japan's war plans and was carried out under orders from the central army." Unit 731 lay at the heart of these atrocities: Iwata said its "main...
...East and West along the I-64 corridor. About half of Toyota's top 100 executives in the U.S. are American. And there are about 50 Japanese in the 6,500 person work force at the Georgetown plant. At the Tachibana sushi bar in nearby Lexington, Kentucky, manager Takashi Iwata serves raw fish to Japanese diners as well as to locals raised on burgers and barbecued ribs. "I am happiest when I have customers in cowboy shirts using chopsticks," Iwata says. "But to tell you the truth, my ancestors would be shocked...