The fiscal year’s forecast has been lowered.
☆ NintendObs Event – Nintendo Q2 FY3/2017.
Net sales:
Previous forecast (A), announced on April 27, 2016: 500,000 million yen
Modified forecast (B): 470,000 million yen
Increase (Decrease), (B)-(A): (30,000 million yen)
Increase (Decrease), in percentage: (6.0%)
Operating Income:
Previous forecast (A), announced on April 27, 2016: 45,000 million yen
Modified forecast (B): 30,000 million yen
Increase (Decrease), (B)-(A): (15,000 million yen)
Increase (Decrease), in percentage: (33.3%)
Ordinary Income:
Previous forecast (A), announced on April 27, 2016: 45,000 million yen
Modified forecast (B): 10,000 million yen
Increase (Decrease), (B)-(A): (35,000) million yen
Increase (Decrease), in percentage: (77.8%)
Reasons for modifications
The Company modifies its financial forecast in consideration of a stronger-than-expected yen in foreign currency exchanges, sales performance for the six months ended September 30, 2016, the revision of sales prospects after the second quarter, and gain on sales of investment securities totaling 62.7 billion yen recorded as extraordinary income for the quarter since the Company’s wholly-owned subsidiary, Nintendo of America Inc., has sold a part of its ownership in the company that manages the Seattle Mariners Major League Baseball team. Assumed exchange rates after the second quarter and at the end of the fiscal year have been revised from 110 yen to 100 yen per U.S. dollar and from 125 yen to 115 yen per euro.
— Nintendo Investor Relations
Source: Nintendo JP.
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