Nintendo Revises Financial and Shipment Forecasts Upward

Nintendo Co., Ltd. revised upward its financial and unit shipment forecasts for both the six month period ending September 30, 2008, and for the full fiscal year ending March 31, 2009.

Compared with original full year forecasts issued on April 24, 2008, the company sees increases in sales by 11.1%, in operating income by 22.6%, and in net income by 26.2%. Financial revisions were the result of continued robust sales for both Wii and Nintendo DS, as well as changes in the expected foreign currency exchange rates based on recent trends in the foreign currency exchange markets.

On the same basis, new forecasts for full year global hardware and software unit shipments for both platforms increased as follows:
As of 4/08 As of 8/08
Nintendo DS hardware: 28 million 30.5 million
Nintendo DS software: 187 million 197 million
Wii hardware: 25 million 26.5 million
Wii software: 177 million 186 million

In addition, the company announced a change in dividend policy (see attached). For the full fiscal year ending March 31, 2009, it issued a revised dividend estimate of ¥1,680 per share, an increase of 22% over the original estimate stated on April 24, 2008.