Details from Nintendo’s latest financial report
Nintendo’s latest financial results are in. They aren’t so hot, but there are a couple of positive notes.
For the full rundown of the report, read on below.
– Full-year profit predictions cut from 20 billion yen to 6 billion yen
– Poorer than expected overseas 3DS sales
– ¥23.2bn (£182m/$290m/€224m) loss from exchange rates unfavorable to the strong Yen
– For the six month period ending on September 30, 2012, Nintendo recorded global sales of ¥201bn (£1.58bn/$2.52bn/€1.94bn)
– This is down 6.8 percent on the same period for the year previous, recording a loss of ¥28bn (£220m/$350.7m/€270.2m)
– Nintendo is recovering from the ¥70.2bn loss it made for the first six months of the last financial year
– Net income per share stabilized from a loss of ¥549.53 for the first six months of last year to a loss of ¥218.93 for the period just ended
– Results were slightly below target for Nintendo, which had predicted losses of just ¥20bn rather than ¥28
– Predicted figures for the full year have been adjusted accordingly
– Profit of ¥20bn adjusted to ¥6bn
– For the last financial year, the company’s books registered a loss of ¥43.2bn
– In the first quarter of FY 2012, Nintendo recorded a record loss of ¥17.2 billion ($220.4m/£142m)
Nintendo statement:
“The Company continues to focus on selling Nintendo 3DS during the second half of the fiscal year ending March 31, 2013 and aims to expand its business by launching the Wii U system as the successor of Wii in the year-end sales season in the main regions of the world. The earnings forecast has been modified to reflect a yen appreciation stronger than expected at the beginning of the fiscal year, the actual sales result for the six-month period ended September 30, 2012 and a change in the outlook for the following six-month period from October 2012 through March 2013 by reviewing the mix of each hardware and software sales unit forecast. During the second half of this fiscal year, the assumed exchange rate of the yen to the U.S. dollar has remained at 80 yen per U.S. dollar, while that of the yen to the euro has been revised from 105 yen to 100 yen per euro.”
