Konami-owned (54% actually) Hudson Soft Co. plans to quadruple profits over the next three years by focusing on titles for the Wii. Bloomberg reports that incoming president, Michihiro Ishizuka, expects to hit an operating profit of $97 million by March of 2011. Hudson will release eight titles for Wii in 2008 and already has 10 others on the market.

Hudson has seen significant growth from its Wii and DS titles, seeing an operating profit* growth of 53% due to the two systems. Ishizuka believes that in two years from now, software developer profits will see the most growth when a "winner and loser for consoles becomes clear." He states Hudson will focus on promoting licensing of its games and marketing, so plan on about 15 more versions of Bomberman in the next two years.

*"Operating profit is revenue minus the cost of goods sold and administrative expenses."

Already finding critical and commercial success with Persona 3 on a noticeably last-gen console, it looks like developer Atlus doesn't see any reason to jump ship for the sequel. An article at Bloomberg Japan (via Siliconera) listing upcoming Atlus titles has Persona 4 coming next fiscal year for the PlayStation 2. (Note: image above from Persona 3.)

The word doesn't come directly from Atlus, so there could be a typo or miscommunication (major news outlets are prone to mistakes every now and then). The platform, however, would not be surprising given the company's comfort with developing for the PS2 and Sony's continued success with the now value-priced system. As Siliconera notes, the timing of Persona 4's release could make it a tie-in with Persona -trinity soul-, an anime series due out next year.

Hiroshi Yamauchi, former chairman of Nintendo's board of directors and the company's president prior to Satoru Iwata, is now the third wealthiest person in Japan, according to Forbes. Yamauchi reportedly has a net worth of $4.8 billion.

On Forbes' list of the 40 richest Japanese, Yamauchi is noted for jumping up 11 spots, making him the list's biggest gainer. The reason cited for Yamauchi's increased worth is his shares in Nintendo; the company's stock has reportedly tripled in value since January 2006, thanks to the success of Nintendo DS and Wii.

We know, you're expecting us to throw up a picture of Iwata and Shigeru Miyamoto holding a DS that prints money. But we've got self control ... we'll just link to an article that already has the image instead.

Last week, Bloomberg.com had an article which dropped a bunch of quote bombs from top Xbox executives. One of the quotes was David Hufford, Xbox's director of product management, saying, "We are well aware that the sweet spot of the market is really 199 bucks.'' At the time, we said knowing and doing it are completely different -- we were right. Apparently, Hufford's quote was misinterpreted by some to mean a price drop was coming and he put a stop to that.

Hufford wrote to Gamerscoreblog that people are getting all worked up over an interview, which although published now, was done two months ago while discussing NPD data with Bloomberg. He says the Xbox 360 is selling well (even the Elite) and with their "great portfolio" of games they have no plans to announce any kind of price drop "anytime soon." We don't know if "soon" means this quarter or this year, "soon" is such a relative term. Looks like those waiting for an Xbox 360 price drop are just going to have to keep putting change in the coin jar. Once again, it all depends on the definition of "soon."

Sony could be posting a net loss of ¥75.8 billion (US $630 million), its biggest in four years, in the fiscal quarter that ended March 31, according to Bloomberg. The financial publication took a median estimate culled from 11 surveyed analysts.

Five of the analysts expect the games division, home to the PlayStation, to post a 121 billion yen (US $1 billion) loss and a record deficit of ¥245 billion (US $2.04 billion) -- figures that may not be offset by Spider-Man 3's record-setting box office returns. Production delays are cited as one of the reasons Sony is currently in third place in worldwide hardware sales, though Sony is still the world's largest console maker due to its PS2 sales. All other divisions are expected to have generated profit.

CEO Howard Stringer, pictured, has promised to raise the company's annual operating profit to 5% of revenue by March 2008; analysts expect Sony to have a 4.1% operating margin. Merrill Lynch analyst Hitoshi Kuriyama believes that Stringer can still reach that target if there is no price cut with the PS3. "But I'm expecting a 20 percent price cut," he said. That's a steep figure that, if true, would put the 60GB version at ¥48,000 (US $390) in Japan and $480 in the United States.

See Also:
Xbox 360 still bumming cash from Microsoft
Nintendo announces record year, thanks DS and Wii

Mamma Mia! Here we go again, GTA, does it show how much politicians can't resist ya? GamePolitics points to a New York Daily News piece this morning where politicians are incensed by Liberty City's striking resemblence to New York City. The Daily News had city councilmen, Police Commisssioner Ray Kelly and even Mayor Bloomberg's office commenting that the game has nothing to do with reality. Bloomberg's office even whipped out statistics showing auto thefts have dropped 58 percent since Bloomberg took office, and so far this year New York City's murder rate is down 28 percent. Apparently that will all change once GTA IV hits the streets. Following yesterday's takeover at Take-Two, it doesn't look like protocol on GTA issues is changing, Take-Two refused comment on the story.

Real life mayors getting upset about games taking place in their cities is a pretty recent phenomenon. Las Vegas was upset with Ubisoft over Rainbow Six taking place in the city of sin and Mexican government officials confiscated GRAW 2. For the record, this wouldn't be the first time Liberty City was the setting for GTA. In the latest incarnations Grand Theft Auto III and GTA: Liberty City Stories were also set in pseudo-New York. We don't fault politicians though, sometimes the activists who get these balls rolling are bit late. The groups that helped get GTA ads banned in Boston with GTA: Vice City Stories weren't on the ball or enraged enough when GTA: Liberty City Stories' ads ran a year earlier.

Bloomberg is reporting that the PS3 year-end shipment projection of 2 million units (with 1mil to 1.2mil tagged for North America) may not be possible. Sony says there is a parts shortage for the Blu-ray disc drive, so production is running behind previous forecasts.

Our favorite Sony exec, Jack Tretton, chimes in saying, "Sony Playstation 3 is in full production and our target quantities for North America remain unchanged. Sony Playstation 3 will launch on November 17, 2006, in the U.S. with 400,000 units on store shelves. We plan to have more than one million systems in North America by December 31, 2006 and six million units shipped worldwide by March of 2007." "The honest answer is it's more of a target ... clearly we've had production issues."

This news comes on the heels of Sony's statement of financial issues resulting from battery recalls and price cuts of the PS3 console in Japan. Those who made pre-orders shouldn't be impacted, but gamers trying to get the console for the holidays may have an even tougher time than anticipated.

[Update: 1) Sony's Kaz Hirai told Gamespot yesterday, "All the [production] issues have been ironed out, now it's just a matter of being able to replicate the process to as many lines as possible -- which is going to help you, obviously, get as many units as possible [emphasis ours]." So what Jack meant was that earlier production issues, which have since been ironed out, may have impeded their abilities to make the initial launch "target." Thanks, Miniboss!
2) Looks like Bloomberg screwed up the "production issues" quote. According to Sony, "The reference to production issues is to the previously announced delay of shipments in Europe from November 2006 to March 2007."
3) We will restate that this has no impact on the 400,000 launch day number.]

Namco Bandai president Takeo Takasu has gone public with his knowledge, or lack thereof, of the PS3's launch date. Takasu told Bloomberg, "Without any announcements so far, the spring release is impossible." In response, Sony issued a vague rebuttal, stating, "Nothing has changed with our plans."

But if Namco Bandai, a company that helped boost the PlayStation brand in the past, is still in the dark, then it's safe to assume (as recent certification setbacks have implied) that the PS3 will not launch in Japan within the next few months. But Takasu isn't necessarily concerned, just as long as Sony's next-gen console hits retail by the winter shopping holiday season.

[Thanks, The1 & gaminghobo]