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Forums - Nintendo Discussion - Nintendo posts first ever loss - $460 million

pezus said:
kumagawa said:
pezus said:
kumagawa said:
This is much worse than I first thought it was.
From
http://www.nintendo.co.jp/ir/pdf/2012/120426e.pdf
Cash as of 31st of March 2011 = $10 billion
Cash as of 31st of March 2012 = $5.6 billion
nearly 50% of Nintendo's cash reserves gone in 1 YEAR.

Who cares, right? Where did you see the cash numbers?


Page 6 of the link provided.

Ah, I see now thanks. Damn, that's a bad drop. Two years on the same path and they'll have nothing, but I'm sure Wii U and 3DS will help them back up.

Geez their cash reserves are like $14b, its on the same page! But its from 17b last year (I think), so yeah its from huge hits on their cash deposits this year. So maybe they are investing in stuff and the yen an' shit
 



My 3ds friendcode: 5413-0232-9676 (G-cyber)



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cyberninja45 said:
pezus said:
kumagawa said:
pezus said:
kumagawa said:
This is much worse than I first thought it was.
From
http://www.nintendo.co.jp/ir/pdf/2012/120426e.pdf
Cash as of 31st of March 2011 = $10 billion
Cash as of 31st of March 2012 = $5.6 billion
nearly 50% of Nintendo's cash reserves gone in 1 YEAR.

Who cares, right? Where did you see the cash numbers?


Page 6 of the link provided.

Ah, I see now thanks. Damn, that's a bad drop. Two years on the same path and they'll have nothing, but I'm sure Wii U and 3DS will help them back up.

Geez their cash reserves are like $14b, its on the same page! But its from 17b last year (I think), so yeah its from huge hits on their cash deposits this year. So maybe they are investing in stuff and the yen an' shit
 

Those numbers aren't dollars there yen and only the figures after (cash and deposits) are cash in the bank the rest is assests such as buildings and manufacturing equipment Nintendo owns.



pezus said:
cyberninja45 said:
pezus said:
kumagawa said:
pezus said:
kumagawa said:
This is much worse than I first thought it was.
From
http://www.nintendo.co.jp/ir/pdf/2012/120426e.pdf
Cash as of 31st of March 2011 = $10 billion
Cash as of 31st of March 2012 = $5.6 billion
nearly 50% of Nintendo's cash reserves gone in 1 YEAR.

Who cares, right? Where did you see the cash numbers?


Page 6 of the link provided.

Ah, I see now thanks. Damn, that's a bad drop. Two years on the same path and they'll have nothing, but I'm sure Wii U and 3DS will help them back up.

Geez their cash reserves are like $14b, its on the same page! But its from 17b last year (I think), so yeah its from huge hits on their cash deposits this year. So maybe they are investing in stuff and the yen an' shit
 

You're talking about total assets though, right?

 

No, you look at where it says 'total assets'.

But their total current assests, not their deposits, is what is termed as cash reserve. Otherwise, you know , Sony might cease to exist.

Their deposits is what keeps them out of debt.



My 3ds friendcode: 5413-0232-9676 (G-cyber)



MS, Sony and Nintendo losing money.

This not good at all.



Hear that?

It's the sound of a million dicks cumming.



WHERE IS MY KORORINPA 3

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pezus said:
cyberninja45 said:
pezus said:
cyberninja45 said:
pezus said:
kumagawa said:
pezus said:
kumagawa said:
This is much worse than I first thought it was.
From
http://www.nintendo.co.jp/ir/pdf/2012/120426e.pdf
Cash as of 31st of March 2011 = $10 billion
Cash as of 31st of March 2012 = $5.6 billion
nearly 50% of Nintendo's cash reserves gone in 1 YEAR.

Who cares, right? Where did you see the cash numbers?


Page 6 of the link provided.

Ah, I see now thanks. Damn, that's a bad drop. Two years on the same path and they'll have nothing, but I'm sure Wii U and 3DS will help them back up.

Geez their cash reserves are like $14b, its on the same page! But its from 17b last year (I think), so yeah its from huge hits on their cash deposits this year. So maybe they are investing in stuff and the yen an' shit
 

You're talking about total assets though, right?

 

No, you look at where it says total assets.

But their total current assests, not their deposits, is what is termed as cash reserve. Otherwise, you know , Sony might cease to exist.

Their deposits is what keeps them out of debt.

 

What are you talking about. We're talking cash here, not cash and other assets.

Yes thats their deposits. Reserves is that plus some other stuff ( I think products etc. out there thats about to make them money anyway).

 

Word search for cash reserves

http://www.thetechblock.com/articles/2012/nintendo-reports-first-ever-annual-loss-blames-rivals-slowing-sales/

http://hexus.net/gaming/news/industry/38497-nintendo-suffers-first-ever-annual-loss/

http://www.cntechnews.info/nintendo-barricaded-hardware-suffered-a-huge-loss-of-much-needed-cross-platform-expansion/



My 3ds friendcode: 5413-0232-9676 (G-cyber)



I don't see a problem really, still doing well.



           

kumagawa said:
This is much worse than I first thought it was.
From
http://www.nintendo.co.jp/ir/pdf/2012/120426e.pdf
Cash as of 31st of March 2011 = $10 billion
Cash as of 31st of March 2012 = $5.6 billion
nearly 50% of Nintendo's cash reserves gone in 1 YEAR.

They had a decrease of 350,849 in millions of Yen in cash.

They also had an increase of 138,095 in millions of Yen in their short term investments.

So some of that cash was invested in short term securities.

They also probably lost some value "if" some of cash reserve was in US dollars due to exchange losses.

To see how much the high Yen effected them this year just look at the following:

"The operating loss was 37.3 billion yen. Due to exchange losses totaling 27.7 billion yen, the ordinary loss was 60.8 billion yen, and the net loss was 43.2 billion yen."

We don't how exactly Nintendo used the rest of their spent cash reserve though.  Also their "current assets"  haven't reduced in value that much in the year.  The total current assets went from 1,468,706  to  1,140,786 in millions of Yen.

 

Definition of 'Current Assets'

 

1. A balance sheet account that represents the value of all assets that are reasonably expected to be converted into cash within one year in the normal course of business. Current assets include cash, accounts receivable, inventory, marketable securities, prepaid expenses and other liquid assets that can be readily converted to cash .  - source



I wonder what they spent 4.5 billion dollars on.



Snovalo said:

I wonder what they spent 4.5 billion dollars on.



R&D to make the 3DS Lite taste of bacon

WHERE IS MY KORORINPA 3