It’s as if Nintendo literally had to apologize to investors for the success of Pokémon Go. 😛
☆ NintendObs Event – Nintendo Q1 FY3/2017.
Notice Regarding the Impact of “Pokémon GO” on the Consolidated Financial Forecast
July 22, 2016
Niantic, Inc., a U.S.-based company, has begun to distribute the “Pokémon GO” application for smart devices in Japan today.
This mobile game application is developed and distributed by Niantic, Inc. The Pokémon Company, which is an affiliated company of Nintendo Co., Ltd. (the “Company”), holds the ownership rights to Pokémon. The Pokémon Company is going to receive a licensing fee as well as compensation for collaboration in the development and operations of the application.
The Company owns 32% of the voting power of The Pokémon Company. The Pokémon Company is the Company’s affiliated company, accounted for by using the equity method. Because of this accounting scheme, the income reflected on the Company’s consolidated business results is limited.
Also, a peripheral device for use with the application, “Pokémon GO Plus,” which will be produced and distributed by the Company, is scheduled for release. All of the above are reflected in the financial forecast ending March 31, 2017 as set forth on April 27, 2016.
Taking the current situation into consideration, the Company is not modifying the consolidated financial forecast for now. The Company will make a timely disclosure when the Company needs to modify its financial forecasts.
Source: Nintendo JP.
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…
…Wanna play? Buy a 3DS.
That being said, click on Pokémon Go for everything you need to know about the game. 😀
