Jan 26

Strong Yen To Blame for Nintendo’s Lowered Earnings Forecast

Category: Uncategorized

Photo: Chris Gladis

Nintendo published their financial forecast modifications for the year along with their third quarter earnings report today.

Even though the company saw success with Super Mario 3D Land, Mario Kart 7 and Zelda: Skyward Sword this quarter, stronger-than-expected yen appreciation and revised sales forecasts have caused Nintendo to lower their net sales forecast from 790,000 million yen to 660,000 million yen. Other changes include altering their originally forecasted operating income from a 1,000 million yen gain to a 45,000 million yen loss. The company is also expecting a net loss of 65,000 million yen.

Source: Nintendo Investor Relations page [via Andriasang]

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