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Nintendo Q3 FY3/2018: Notice of Full-Year Financial Forecast and Dividend Forecast Modifications

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Nintendo Q3 FY3/2018

 

 

Full-Year Financial Forecast Modifications

 

Net sales:

Previous forecast (A), announced on April 27, 2017: 960,000 million yen

Modified forecast (B): 1,020,000 million yen

Increase (Decrease), (B)-(A): 60,000 million yen

Increase (Decrease), in percentage: 6.3%

 

Operating Profit:

Previous forecast (A), announced on April 27, 2017: 120,000 million yen

Modified forecast (B): 160,000 million yen

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

Increase (Decrease), in percentage:  33.3%

 

Ordinary Profit:

Previous forecast (A), announced on April 27, 2017: 125,000 million yen

Modified forecast (B): 175,000 million yen

Increase (Decrease), (B)-(A): 50,000 million yen

Increase (Decrease), in percentage: 40.0%

 

Profit Attributable to Owners of Parent:

Previous forecast (A), announced on April 27, 2017: 85,000 million yen

Modified forecast (B): 120,000 million yen

Increase (Decrease), (B)-(A): 35,000 million yen

Increase (Decrease), in percentage: 41.2%

 

Reasons for modifications

Based on the sales performance for the nine months ended December 31, 2017 and after, the Company modifies its financial forecast in consideration of the revised sales prospects as well as the revised assumed exchange rate. The assumed exchange rate after the third quarter and at the end of the fiscal year has been revised from 125 yen to 130 yen per euro. The assumed exchange rate for U.S. dollar remains unchanged at 105 yen per U.S. dollar.

 

Full-Year Dividend Forecast Modifications

 

Dividend per share, Year-end

Previous forecast announced on October 30, 2017: 250 yen

Modified forecast: 390 yen

 

Dividend per share, Annual

Previous forecast announced on October 30, 2017: 360 yen

Modified forecast: 500 yen

 

Reasons for modifications

Based on the dividend policy set forth by the Company, the annual dividend per share is established at the higher of the amount calculated by dividing 33% of consolidated operating profit by the total number of outstanding shares, excluding treasury shares, as of the end of the fiscal year rounded up to the 10 yen digit, or the amount calculated based on the 50% consolidated payout ratio rounded up to the 10 yen digit.

If the actual consolidated financial results for the fiscal year ending March 31, 2018 are in line with our modified financial forecasts, the dividend per share for the annual and the year-end dividend for the fiscal year ending March 31, 2018 are expected to be 500 yen and 390 yen correspondingly.

 

Source: Nintendo JP.

 

 

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