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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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March 24, 2015
10:01 EDTNTDOYOn The Fly: Analyst Upgrade Summary
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07:04 EDTNTDOYNintendo upgraded to Neutral from Underweight at JPMorgan
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March 20, 2015
10:00 EDTNTDOYOn The Fly: Analyst Upgrade Summary
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05:58 EDTNTDOYNintendo upgraded to Buy from Hold at Deutsche Bank
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March 18, 2015
10:00 EDTNTDOYOn The Fly: Analyst Upgrade Summary
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07:23 EDTNTDOYNintendo upgraded to Buy from Hold at Jefferies
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March 17, 2015
09:38 EDTNTDOYNext Nintendo console in development, reveal coming in 2016, Tech Crunch says
Nintendo's next game console will be named "NX" and is currently in development with a "brand new concept," reports Tech Crunch, citing statements by CEO Satoru Iwata at a press conference. Iwata said more information will be made available next year, which Tech Crunch notes may indicate a reveal at the next E3 game expo. Tech Crunch also notes that a 2016 reveal would signify a relatively fast "update cycle" to its current Wii U console. Reference Link
06:21 EDTNTDOYNintendo to develop smartphone games with DeNA
Nintendo and DeNA Co., Ltd. entered into a business and capital alliance to develop and operate new game apps for smart devices and build a new multi-device membership service for consumers worldwide. Leveraging the strength of Nintendo’s intellectual property and game development skills in combination with DeNA’s world-class expertise in mobile games, both companies will develop and operate new game apps based on Nintendo’s IP, including its iconic game characters, for smart devices. The alliance is intended to complement Nintendo’s dedicated video game systems business and extend Nintendo’s reach into the vast market of smart device users worldwide. To ensure the quality of game experience that consumers expect from this alliance of Nintendo and DeNA, only new original games optimized for smart device functionality will be created, rather than porting games created specifically for the Wii U home console or the Nintendo 3DS portable system. Nintendo and DeNA also plan to develop an online membership service that is accessible from smart devices, PC and Nintendo systems, such as the Nintendo 3DS portable system and the Wii U home console. The membership service, which is targeted to launch in the fall of 2015, will be built on DeNA’s extensive experience and capabilities in online membership services.As part of the long-term relationship and commitment by each company, Nintendo and DeNA have also agreed to form a capital alliance. Under the capital alliance, Nintendo will acquire 15,081,000 of DeNA’s treasury shares, which corresponds to 10% of its total outstanding stock, for a total of approximately Y22B. DeNA will simultaneously acquire 1,759,400 of Nintendo’s treasury shares, which corresponds to 1.24% of its outstanding stock, for a total of approximately Y22B. The payment is due April 2.
March 13, 2015
07:49 EDTNTDOYVideo game hardware sales up 10% in February, software up 7%, Game Informer says
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