Nintendo Q2 Results - Posts 125 million loss

[Vinniegambini]

kowenicki said:

Vinniegambini said:

The strong yen is really not helping their earnings, its killing it. A revision had to be made because of it. Hopefully the yen will weaken by year-end and can beat its forecasts. Its only forecasting a net profit of 70 million by March 2013 with the revisions, compared to an earlier forecast of 200 million, big difference.

It already has.  It is now trading better than the Ninty forecast in June for the rest of the year in Europe. 

In October yes (103 yen for Euro), but that will only be reflected in Q3. During July and August (Q2), the conversion rate was between 95-98 at the time. The strong yen affects its profits drastically, hopefully it will not revisit the below 100 throughout. Furthermore, I never said it was only because of the exchange rate, I said quote: ''the strong yen is really not helping.'' But yeah, the forecast was off.