New User:

-or-
Username:
Password:
Forgot your password?

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
Sign up for a free trial to see the rest of the stories you've been missing.
October 17, 2014
06:26 EDTNTDOYSony says PS4 September's top-selling console
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use