Nintendo Announces Plans for Japan Museum

A man stands in front of Nintendo's logo at the presentation ceremony of its new game console Switch in Tokyo, Japan January 13, 2017. REUTERS/Kim Kyung-Hoon
A man stands in front of Nintendo's logo at the presentation ceremony of its new game console Switch in Tokyo, Japan January 13, 2017. REUTERS/Kim Kyung-Hoon
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Nintendo Announces Plans for Japan Museum

A man stands in front of Nintendo's logo at the presentation ceremony of its new game console Switch in Tokyo, Japan January 13, 2017. REUTERS/Kim Kyung-Hoon
A man stands in front of Nintendo's logo at the presentation ceremony of its new game console Switch in Tokyo, Japan January 13, 2017. REUTERS/Kim Kyung-Hoon

After opening its first-ever theme park this March, Nintendo is giving fans something else to get excited about: a planned "Nintendo Gallery" museum set to open by spring 2024.

The Japanese gaming giant announced Wednesday it plans to repurpose an old factory site in Kyoto, where the firm is based, to exhibit its history and beloved gaming products.

"Nintendo has been discussing the possibility of building a gallery, as a way to share Nintendo's product development history and philosophy with the public," the company said in a statement.

The facility "where Nintendo's historical products will be showcased, and exhibits and experiences will be available" is expected to be completed by March 2024, AFP quoted the statement as saying.

There was little detail yet on what fans of the company behind legends such as Super Mario and Donkey Kong can expect from the museum.

It will be built on the site of a plant located in Kyoto's Uji city, which was built in 1969 and made Western-style playing cards as well as the Japanese playing cards called "hanafuda" that were Nintendo's original bread and butter.

The plant also served as a video game console repair center, but operations were transferred elsewhere in 2016, and Nintendo said it had been brainstorming ways to use the plant ever since.

Nintendo began life in 1889 as a manufacturer of hanafuda cards and launched its first home video game machines, known as TV Game 15 and TV Game 6, in 1977.

The Super Mario Bros. games were launched in 1985, two years after the company began selling its Nintendo Entertainment System console.

Super Nintendo World, the company's first theme park, opened in March after months of pandemic delays. It is part of the Universal Studios Japan complex in Osaka, and features a Mario Kart ride with a real-life Bowser's Castle.



BlackBerry Forecasts Lower Annual Revenue due to Weak Demand for Cybersecurity Services

The Blackberry logo is seen on a smarphone in front of a displayed stock graph in this illustration taken February 5, 2021. REUTERS/Dado Ruvic/Illustration/File Photo
The Blackberry logo is seen on a smarphone in front of a displayed stock graph in this illustration taken February 5, 2021. REUTERS/Dado Ruvic/Illustration/File Photo
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BlackBerry Forecasts Lower Annual Revenue due to Weak Demand for Cybersecurity Services

The Blackberry logo is seen on a smarphone in front of a displayed stock graph in this illustration taken February 5, 2021. REUTERS/Dado Ruvic/Illustration/File Photo
The Blackberry logo is seen on a smarphone in front of a displayed stock graph in this illustration taken February 5, 2021. REUTERS/Dado Ruvic/Illustration/File Photo

Canada's BlackBerry forecast a revenue decline in fiscal 2026 on Wednesday, as it anticipated weak spending on its cybersecurity products.

US-listed shares of the Waterloo, Ontario-based company fell 4% in premarket trading.

BlackBerry, once a dominant force in the smartphone market, has transitioned into selling software for devices and autonomous vehicles.

But enterprises are now reining their technology spending and optimizing costs, which in turn is affecting firms like BlackBerry.

The company forecast revenue to be between $504 million and $534 million for the financial year ending in February next year, lower than $534.9 million it reported in fiscal 2025, Reuters reported.

BlackBerry expects its cybersecurity unit, which provides intelligent security software to enterprises and governments, to report annual revenue between $230 million and $240 million, lower than the $272.6 million in the previous financial year.

The company posted revenue of $141.7 million for the fourth quarter, lower than $152.9 million it reported a year ago.

BlackBerry said it completed the sale of the Cylance business, which uses machine learning to preempt security breaches, to Arctic Wolf for $160 million.

The company sold the Cylance business to redirect its focus to high-growth areas, and as the unit required significant levels of investment and was facing strong competition.