Iwata Missing Nintendo’s AGM, Recovering Nicely

It was just prior to E3 2014 that we learned Satoru Iwata wouldn’t be attending the event this year. The announcement stated it was due to “health-related reasons”, but no further details were offered up. Nintendo’s AGM will be held in just a few days, on June 27th, and it has been confirmed that Iwata will not be attending the meeting this year.

He did, however, release a letter to shareholders that’s available for viewing on Nintendo’s investor relations website.

“Thank you very much for your continued extraordinary support of us. I am Satoru Iwata, President of the company.

 

Today, there is one thing that I would like to share with you.

 

Recently, as the result of one of my routine physical examinations, an issue was detected. Following a more detailed examination, a growth was found in my bile duct.

In general, it is said that a bile duct growth can be difficult-to-treat, partly because of the difficulty of detecting it early. In my case, luckily, it was detected very early and I had no symptoms.

I was counseled that removal at an early stage would be the desirable medical option. Therefore I had surgery last week, and I came through it well, as predicted.

I have already resumed my business by email and by other means, but it is anticipated that a little more time is needed for me to return to my regular work schedule.

 

As a result, I have no choice but to miss the company’s very important activity, the Annual General Meeting of Shareholders, to be held this month. As the president of the company, I regret that I cannot attend the meeting. However, I understand that I have to prioritize my medical treatment and to recover as soon as possible so that I will again be able to do my best to help the company to grow. I hope that you understand.

 

Best Regards,
Satoru Iwata”

 

Though it’s unfortunate that he won’t be attending the meeting, it’s good news that he is recovering well and that the health issue was not more serious. Investors are likely relieved that there is no long-term uncertainty to deal with, and that it is more or less business as usual for the company moving forward.

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Micah
Author: Micah View all posts by
Micah has been playing games since his first pong machine, and has been writing for as long as he could grip a pencil and not drool on the paper. So, for about a week.

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