Nikkei suggests Nintendo will post 25 billion yen operating profit for latest fiscal year
Nintendo’s latest financial results won’t be published until next week, but Japanese outlet Nikkei has shared some rough information about what we can expect.
Nikkei reports that Nintendo is estimated to post an operating profit of 25 billion yen for the fiscal year ending March 2015. The previous forecast was a profit of 20 billion yen. During the same period last year, Nintendo posted a 46.4 billion yen operating loss.
Nikkei cites a few probable reasons for Nintendo’s growth. Despite Wii U’s struggles – particularly in Japan – the strong performance of games such as Super Smash Bros. and Yo-Kai Watch boosted overall sales. The overseas launch of New 3DS probably helped improve Nintendo’s fortunes, too.
Nintendo previously expected its net sales to come in at 550 billion yen by the end of March, which Nikkei believes will likely hold true. Net profit is estimated at 30 billion yen, but there is a great chance it will be more thanks to a beneficial foreign exchange rate and the cheap yen value. It’s worth mentioning that during the same period last year, Nintendo posted a 23.2 billion yen net loss.
Remember: none of these latest numbers are final. We’ll be receiving official information about Nintendo’s financial results in just a few days.
