This is the money Nintendo made through the sale of the Seattle Mariners.
☆ NintendObs Event – Nintendo Q2 FY3/2017.
Notice Regarding the Record of Extraordinary Income (Gain on Sales of Investment Securities)
October 26, 2016
1. Overview of the Record of Extraordinary Income (Gain on Sales of Investment Securities)
In “Notice Regarding the Start of Negotiations to Sell a Portion of Ownership in the Entity which Operates Seattle Mariners” on April 28, 2016, Nintendo Co., Ltd. (the “Company”) announced that its wholly-owned subsidiary, Nintendo of America Inc., had started negotiations to sell a portion of its ownership in First Avenue Entertainment LLLP, which operates the Major League Baseball team, Seattle Mariners. Subsequently, in “Notice Regarding the Sale of a Portion of Ownership in the Entity which Operates the Seattle Mariners” on August 22, 2016, the Company announced that the sale had officially been closed and that the sales amount was 661 million U.S. dollars.
The company hereby announces that the impact of the sales on the consolidated financial results has been fixed, and that a total of 62.7 billion yen of gain on sales of investment securities was recorded as extraordinary income on the consolidated statements of income of the six-month period ended September 30, 2016.
2. Impact on the Consolidated Financial Forecast
In regard to the impact of the record of extraordinary income (gain on sales of investment securities) on the consolidated financial results, please refer to “Six Months Earnings” the Company announced today, on October 26, 2016.
Source: Nintendo JP.
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