Yeah, they've had one year of loss and are projecting their second. They've been expanding like crazy and they're nowhere near bankruptcy, but people continue to push it. Some have believed the various things and believe Nintendo have completely drained their finances.
Conversely, Sony is doing well with the PS4 but is losing money, laying off people like crazy and is categorised as likely to go bankrupt soon. Yet people all think they're doing amazing.
It's all about image, not about facts. Nintendo can't really afford not to have a conference, even though I find them pointless.