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Nintendo reports 70 billion yen loss, adjusts forecasts, reveals sales
The following information is for the first six months of the fiscal year...
- sales of 215,738 million yen
- operating loss of 57,346 million yen
- net loss of 70,273 million yen
- net sales were down from the original forecast of 240,000 million
- now expects net sales of 790,000 million yen
- operating income of 1,000 million yen
- net loss of 20,000 million yen
- stronger-than-expected yen appreciation as reason for the performance
- re-evaluation of assets held in foreign currencies resulted in a 52.4 billion yen loss
- of the 215.7 billion yen in sales, 79.2% came overseas
- hardware price drops were also blamed for cutting into profits
- 3DS sales improving since the price drop
- 2.58 million DS systems, 28.99 million DS games, 3.07 million 3DS systems, 8.13 million DS games, 3.35 million Wii systems and 36.45 million Wii games sold
- total hardware sales now stand at 149 million DS systems, 6.68 million 3DS systems and 89.36 million Wii systems
- hardware sales targets: 16 million for 3DS and 12 million for Wii, lowered DS sales expectations to 6 million
Nintendo also has their traditional financial briefing coming up tomorrow, which may/may not reveal some new details on current projects or projects on the way.
Oct. 28, 2011 Second Quarter Financial Results Briefing [Scheduled] (for institutional investors and securities analysts)
link
- sales of 215,738 million yen
- operating loss of 57,346 million yen
- net loss of 70,273 million yen
- net sales were down from the original forecast of 240,000 million
- now expects net sales of 790,000 million yen
- operating income of 1,000 million yen
- net loss of 20,000 million yen
- stronger-than-expected yen appreciation as reason for the performance
- re-evaluation of assets held in foreign currencies resulted in a 52.4 billion yen loss
- of the 215.7 billion yen in sales, 79.2% came overseas
- hardware price drops were also blamed for cutting into profits
- 3DS sales improving since the price drop
- 2.58 million DS systems, 28.99 million DS games, 3.07 million 3DS systems, 8.13 million DS games, 3.35 million Wii systems and 36.45 million Wii games sold
- total hardware sales now stand at 149 million DS systems, 6.68 million 3DS systems and 89.36 million Wii systems
- hardware sales targets: 16 million for 3DS and 12 million for Wii, lowered DS sales expectations to 6 million
Nintendo also has their traditional financial briefing coming up tomorrow, which may/may not reveal some new details on current projects or projects on the way.
Oct. 28, 2011 Second Quarter Financial Results Briefing [Scheduled] (for institutional investors and securities analysts)
link