Satoru Iwata has remained adamant that he will see Nintendo through its financial crisis by continuing as the company’s president after its 2013-14 fiscal sales predictions fell short. Earlier today, Nintendo announced it had lowered its sales forecast for the Wii U and 3DS hardware and software, bringing its fiscal year predictions down from 9 million units to 2.8 million units for the Wii U and 18 million units to 13.5 million units for the 3DS.

But in a press conference today, as Nikkei reports, Iwata apologised to the company’s shareholders saying that he felt responsible for Nintendo’s poor business performance. However, he also reiterated that he would not resign, saying that the most important action was to restore business momentum as soon as possible.

In a press release published on Nintendo Japan’s website, Satoru Iwata explained that the company would post an ordinary income despite posting an operating…