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Forums - General - Sony / Ninty Yen boost. Markets finally catch up with me ;-)

Wlakiz said:

I said the yen deperciation would not have much affect on Sony's performance in Q4. Sony's revenue comes from shipping consoles to distrubutors. Most of the shipment transcations would have happened in november in preperation for the xmas holiday - hence it would be using November's exchange rate over december's aka before the big spike?

and also to replenish supplies.

Well, we won't know how many were shipped in December specifically, but they had shipped 6m during oct-jan. Either way, no matter what, Sony at least made an extra 5% on hundreds of millions, if not many billions (as a whole company), and 5% of that is quite a bit. Q3 2012 saw 23 billion in revenue. Even if we were to assume that they shipped everything in october, that would result in something like 1B in additional revenue.

Seeing as how they were only down 200~m $ in last quarter, I'd be very surprised if they didn't show a profit this quarter, and likely within the margin of the offset currency rate.

Note: The past year or so I have consistently called their earnings as being negative and been right, even when they were predicted to profit.



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Sony dropped 5% after ER.
I was right about selling the stocks before then..



BaldrSkies said:
The DPJ was the worst thing to ever happen to Japan. It's nice to see the LDP pressuring the BoJ to finally start easing their monetary policies and get the currency under control. Hopefully corporations will have enough income to increase hiring and kick off this recession for good. As an example I know Nintendo was planning to decrease projected hiring by around 50% this year, bad news for new university grads, but maybe they will rethink this if the finances turn out better than expected due to increased overseas income.

The LDP were the ones who got Japan into the mess its in. They *have* to be the ones responsible, because they were in charge from 1955 to 2008. No possible way any blame could be affixed on the DPJ.

And that's not me saying this as a liberal, it's just stone cold logic. It astounds me that the Japanese people could be forgetful enough to vote the party that got their country into the mess it's in back into power after only 4.5 years of letting the other guys try (since the LDP got 53 years to try)



Monster Hunter: pissing me off since 2010.

Mr Khan said:
BaldrSkies said:
The DPJ was the worst thing to ever happen to Japan. It's nice to see the LDP pressuring the BoJ to finally start easing their monetary policies and get the currency under control. Hopefully corporations will have enough income to increase hiring and kick off this recession for good. As an example I know Nintendo was planning to decrease projected hiring by around 50% this year, bad news for new university grads, but maybe they will rethink this if the finances turn out better than expected due to increased overseas income.

The LDP were the ones who got Japan into the mess its in. They *have* to be the ones responsible, because they were in charge from 1955 to 2008. No possible way any blame could be affixed on the DPJ.

And that's not me saying this as a liberal, it's just stone cold logic. It astounds me that the Japanese people could be forgetful enough to vote the party that got their country into the mess it's in back into power after only 4.5 years of letting the other guys try (since the LDP got 53 years to try)

Yes the LDP was in power almost constantly for 50 years prior, and yes their handling of the country's finances since the 90's was sub-par, but part of the Japanese recession was also to blame on global trends and especially growing competition from other developing Asian nations with cheaper labor and products.

So under a similar "hope and change" rhetoric that swept Obama into power, the DPJ promised radical changes to the Japanese economy. Unlike the Democrats in the US, however, there was little meaning behind these words. In fact there was a much deeper and darker secret that most Japanese do not speak of that aided to the DPJ's march to power, and that was backing of the Yakuza (Japanese mafia), who became quite upset when the LDP decided to start pushing anti-mafia legislation through the Diet. You see, in Japan, there is no law that makes it illegal to be a member of the criminal underworld, and the LDP decided to betray their past allies and crack down. The Yakuza responded with massive public campaigns pushing the underclasses to switch support to the DPJ, pulling strings in the media and corporations, and backing DPJ candidates financially. The result was a landslide victory for the DPJ, and the anti-mafia legislation the LDP was pushing vanished from the Diet completely.

Fast forward to the present, and with the economy worse off than it had been under the LDP, a currency spiraling out of control, the shuffling of three prime ministers, numerous financial scandals by DPJ members coming to light, poor handling of foreign affairs especially territorial disputes with China and Korea, and the poor handling of the Tohoku earthquake and Fukushima disaster, the public was fed up with the DPJ, and with no other real party alternatives (much like the US) they voted en masse for the LDP once again. Is the LDP perfect? Hell no. But they are better than the provenly incompetent and totally corrupt DPJ. By the way, the ultra-nationalist Restoration party came in third place right behind the DPJ. Now THAT is the scary part.



If you want a really good read (although a little dated) on the Yakuza and their ties with Japanese business and politics:

http://www.worldpolicy.org/blog/last-yakuza



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kowenicki on 13 December 2012

TheLastStarFighter said:
Nice! It's over 83 now. I would absolutely love to see it approach 100...if it does both companies will well exceed forcasts.


That aint happening. No way in hell.

90 would be a massive surprise.

 

94 today!!



kowenicki said:
TheLastStarFighter said:

kowenicki on 13 December 2012

TheLastStarFighter said:
Nice! It's over 83 now. I would absolutely love to see it approach 100...if it does both companies will well exceed forcasts.


That aint happening. No way in hell.

90 would be a massive surprise.

 

94 today!!

yeah we already covered this.

you could just congratulate me on my amazing post of Novemeber where I predicted the upturn in the stock on the back of the yen....

 


But no one congradulated me for predicting Sony stock falling post ER? :-o