Nintendo's 86th Annual Shareholders Meeting was held today in Kyoto, Japan. The company's stock price has fallen 58% from its all-time high last year and currently faces many headwinds. At the meeting, Nintendo President Shuntaro Furukawa responded to a question raised by a shareholder related to the plummeting stock price.
Shuntaro Furukawa admitted that the stock price had fallen to its lowest point for the year and said he understood that the sell-off had caused concerns among investors. He added that despite external factors, divergent views on the company, and negative market reaction to the Switch 2 price increase, Nintendo will focus on the long term. Furukawa reiterated that the company's goal is to expand the Switch 2 player base and hopes that the stock price will reflect the value of these efforts.
Another shareholder asked how the surge in semiconductor prices has affected the production of Switch 2. Shuntaro Furukawa said that Nintendo has reserved sufficient parts for recent production capacity. Echoing the sentiments of legendary developer Shigeru Miyamoto, he said the company hopes to maintain a development model in which "high-quality software drives hardware sales."
Shuntaro Furukawa chose to avoid the issue of adding Nintendo DS and 3DS games to the Switch Online membership service, but he also said that this subscription service continues to provide classic game experiences and has important sentimental value.
Pressure from data center demands hangs over Nintendo and many other consumer electronics companies. Both Apple and Microsoft raised the prices of their products today, and many investors are worried that as the AI bubble continues to expand, the price of Switch 2 may be raised again.