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