Nintendo is not in a position to be a hedger of currencies because:
1. it already exports is production to low wage countries
2. They deal with low margin equipment
A lot of companies in industries that make sense would hedge like P&G and IBM because they deal with raw input costs that are normally derived in dollars, but there are always risks.
Currency hedges work both ways, if you are on the right side of the hedge then you make out like a bandit but if you are on the wrong side then you and your management team look like fools.
That's the cost of doing business, that is why its included as part of its earnings report card
And Nintendo business is deteriorating, if it wasn't, they would not be revising everything. That's not a currency problem. They should be worrying about how to get back to its mid wii days as opposed to trying to alter currencies to make their business look good.
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