Sales performance drives lower operating income, while exchange rate means higher net income.
☆ NintendObs Event – Nintendo Q3 FY3/2015.
Net sales
Previous forecast (A) announced on May 7, 2014
590,000 million yen
Modified forecast (B)
550,000 million yen
Increase (Decrease) (B)-(A)
(40,000 million yen)
Operating income
Previous forecast (A) announced on May 7, 2014
40,000 million yen
Modified forecast (B)
20,000 million yen
Increase (Decrease) (B)-(A)
(20,000 million yen)
Ordinary income
Previous forecast (A) announced on May 7, 2014
35,000 million yen
Modified forecast (B)
50,000 million yen
Increase (Decrease) (B)-(A)
15,000 million yen
Net income
Previous forecast (A) announced on May 7, 2014
20,000 million yen
Modified forecast (B)
30,000 million yen
Increase (Decrease) (B)-(A)
10,000 million yen
Source: Nintendo JP.
Reasons for modifications
Based on the sales performance for the nine months ended December 31, 2014 and afterwards, net sales and operating income are expected to be lower than our original forecasts. Also, considering recent trends in foreign currency exchanges, assumed exchange rates for the fourth financial quarter as well as at the end of the full fiscal year have been revised as follows: 115 yen per U.S. dollar (previous rate: 100 yen), 130 yen per euro (previous rate: 140 yen). As a result, we have revised up the ordinary income and net income forecasts.
Source: Nintendo JP.
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