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Stock Market & Financial Investment News

News Breaks
January 17, 2014
05:57 EDTNTDOYNintendo sees FY13 loss of 25B yen vs. previous profit of 55B yen
Nintendo revised its FY13 outlook to a net loss of 25B yen against the initially projected net income of 55B yen. The company sees new net sales of 590B yen against the initially projected net sales of 920B yen. Revised consolidated unit sales projections are 13.5M units of the Nintendo 3DS hardware and 66M units of the Nintendo 3DS software, 1.2M units of the Wii hardware and 26M units of the Wii software, and 2.8M units of the Wii U hardware and 19M units of the Wii U software. Nintendo made no modifications to its initial projections for the Nintendo DS hardware and software. Nintendo expects no annual dividend per share. However, on the basis of its dividends paid in the last two years, the company set a minimum of 100 yen for the year-end and annual dividend per share for this fiscal year. Nintendo said, "As year-end sales constitute an extremely high proportion of the annual sales volume in the video game industry and the annual financial performance of a video game company rests heavily on its performance in the year-end sales season, we put in place various promotional activities in order to promote sales and expand our audience in the year-end sales season of the previous calendar year. However, it is now expected that our sales will fail to meet our previous forecast by a large margin."
News For NTDOY From The Last 14 Days
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July 29, 2015
05:57 EDTNTDOYNintendo backs FY15 3DS Wii U hardware and software targets
05:56 EDTNTDOYNintendo sold 1.62M units of 'Splatoon'
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05:55 EDTNTDOYNintendo reports Q1 operating profit Y1.15B vs. (Y9.47B) last year
Reports Q1 net income Y8.28B vs. (Y9.92B) last year. Reports Q1 sales Y 90.22B vs. Y74.70B last year.
July 26, 2015
17:16 EDTNTDOYChina to repeal restrictions on videogame consoles, WSJ says
China will end its restrictions on manufacturing and selling videogame consoles within the country, the Wall Street Journal reported Saturday, citing statements from China's Ministry of Culture. The report notes that foreign console makers such as Microsoft (MSFT), Sony (SNE), and Nintendo (NTDOY) were previously limited to operations in just the Shanghai Free Trade Zone, but will now have access to the entire country. A Sony spokesperson remarked, "This is great news for us." Reference Link
July 21, 2015
17:47 EDTNTDOYNintendo won patent case for eight hand-held systems
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