Items tagged with financial statement

Nintendo developed an unfortunate habit of posting losses for the most of the past several quarters, though for the first time since 2011, the company can call itself profitable on an annual basis again. Specifically, Nintendo recorded net income of 41.8 billion yen (around $350.6 million in U.S. currency) for its fiscal year ending March 31, compared to a loss of 23.2 billion yen (~$194.6 million) a year ago. One of the keys to Nintendo's turnaround was the "depreciation of the yen against the U.S. dollar at the end of the period compared to the exchange rate at the end of the previous fiscal... Read more...
Times are tough all around, and that includes the Mushroom Kingdom where gold coins aren't as prevalent as they once were. Sitting on a throne from afar, Nintendo cut its full-year profit forecast by 70 percent, saying it now expects to rake in 6 billion yen (or US$75 million) by the end of the year, compared to the company's previous forecast of 20 billion yen (or US$250 million). "The earnings forecast has been modified to reflect a yen appreciation stronger than expected at the beginning of the fiscal year, the actual sales result for the six-month period ended September 30, 2012 and a change... Read more...