Nintendo Q3 FY3/2017: Notice of Full-Year Financial Forecast Modifications

NintendObserverActually, Nintendo just modified it’s net income forecast positively this time around with a 40,000 million yen increase. 

 

Nintendo Q3 FY3/2017

 

 

Net sales:

Previous forecast (A), announced on October 26, 2016: 470,000 million yen

Modified forecast (B): 470,000 million yen

Increase (Decrease), (B)-(A): none

Increase (Decrease), in percentage: none

 

Operating Income:

Previous forecast (A), announced on October 26, 2016: 30,000 million yen

Modified forecast (B): 20,000 million yen

Increase (Decrease), (B)-(A): (10,000 million yen)

Increase (Decrease), in percentage:  (33.3%)

 

Ordinary Income:

Previous forecast (A), announced on October 26, 2016: 10,000 million yen

Modified forecast (B): 30,000 million yen

Increase (Decrease), (B)-(A): 20,000 million yen

Increase (Decrease), in percentage: 200.0%

 

Net income:

Previous forecast (A), announced on October 26, 2016: 50,000 million yen

Modified forecast (B): 90,000 million yen

Increase (Decrease), (B)-(A): 40,000 million yen

Increase (Decrease), in percentage: 80.0%

 

Reasons for modifications

Based on the sales performance for the nine months ended December 31, 2016 and after, the Company modifies its financial forecast in consideration of the revised sales prospects as well as the revised assumed fixed rate.

Assumed exchange rates after the third quarter and at the end of the fiscal year have been revised from 100 yen to 110 yen per U.S. dollar and from 115 yen to 120 yen per euro.

 

Source: Nintendo JP.

 

 

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