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Vinniegambini on 07 January 2013
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Tarumon said:
Vinniegambini said:
Tarumon said:

http://www.reuters.com/article/2013/01/07/nintendo-console-sales-idUST9N09U03N20130107

Just as expected.  That brings 2012 to a close and let's get that Nintendo Direct rolling!!!


I WAS JUST ABOUT TO CREATE THAT THREAD! O.O

I like the last paragraph ''Nintendo President Satoru Iwata said the weaker yen would have little impact on the firm's profits this fiscal year, but would positively impact its foreign denominated assets.''

What do you think overall?

I inferred from that there was "little" profit so the currency fluctuation would be immaterial.  The variable cost of rhe products are mostly hitched to local currency (given how RMB is hitched on production cost side and marketing is always local currency).  The foreign denominated assets is a broader category than Cash, so the movement might be an even greater impact than we thought (or I hoped)?

There is nothing Iwata can do to trumpet Nintendo's situation.  Only a full 2013 release schedule would cheer fans and investors alike.

So what does that mean for us investors lol? :P

Profit goal seems locked for end of fiscal year judging by Iwata's comment - good.

The weaker yen will help them for year-end profits but not by much, I get that but it's this sentence that puts a question mark: would positively impact its foreign denominated assets.

What does it mean lol? Is it more inclined towards the weak yen will in turn help our foreign assets offset the losses?