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Forums - Nintendo - Nintendo 3rd Quarter Results (Oct-Dec) - Profit of over 450 million US

ethomaz said:

Vinniegambini said:

No my friend. Read :)

FY3/2013
(Apr.-Dec. '12)

They posted 450 million this quarter. What's with people not believing me lol

Because there is nothing about 450 million in the document... every year the Nintendo uses the same notation to show the loss/profit.

Simple math equation. Last two quarters Nintendo posted 300 million losses. Now Q1 through Q3 Nintendo posts 150 million profit. Hence, Q3 had Nintendo posting profits of 450 million.



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Nintendo made gross profit last year too during fiscal 3rd quarter. Nintendo is not on pace to meet even today's revised unit sales of Wii U. They need some serious OT to churn out some products this year.



Vinniegambini said:

Simple math equation. Last two quarters Nintendo posted 300 million losses. Now Q1 through Q3 Nintendo posts 150 million profit. Hence, Q3 had Nintendo posting profits of 450 million.

I understand that but that's not like the financial results works... the Nintendo results are always consolidaded for the year.

So $160 million profit this quarter.



Pretty terrible attach ratio Wii U has in Japan



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Zelhawks37 said:

Ah, so its 9 months. Thats how you got it. Curious as to why they pick March as the month for yearly.

It could be a Japanese thing.  The school year starts in April and so does the government's financial year.  But even in the US many corporations don't start their fiscal year in January, so it could just be Nintendo's custom.



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Tarumon said:
Nintendo made gross profit last year too during fiscal 3rd quarter. Nintendo is not on pace to meet even today's revised unit sales of Wii U. They need some serious OT to churn out some products this year.

What do you think of this report? I always like your input.



ethomaz said:

Vinniegambini said:

Simple math equation. Last two quarters Nintendo posted 300 million losses. Now Q1 through Q3 Nintendo posts 150 million profit. Hence, Q3 had Nintendo posting profits of 450 million.

I understand that but that's not like the financial results works... the Nintendo results are always consolidaded for the year.

So $160 million profit this quarter.


If Nintendo was at -300 million for the first 6 months, and they profited 160 million dollars, then they should be at -140 million.  That is not the case.



ethomaz said:

Vinniegambini said:

Simple math equation. Last two quarters Nintendo posted 300 million losses. Now Q1 through Q3 Nintendo posts 150 million profit. Hence, Q3 had Nintendo posting profits of 450 million.

I understand that but that's not like the financial results works... the Nintendo results are always consolidaded for the year.

So $160 million profit this quarter.

Their fiscal year ends in March, not December.



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ethomaz said:

Vinniegambini said:

Simple math equation. Last two quarters Nintendo posted 300 million losses. Now Q1 through Q3 Nintendo posts 150 million profit. Hence, Q3 had Nintendo posting profits of 450 million.

I understand that but that's not like the financial results works... the Nintendo results are always consolidaded for the year.

So $160 million profit this quarter.

Negative 300 million from Q1 + Q2

Positive 150 million + from Q1 + Q2 + Q3.

Its not that hard to understand that Nintendo posted 450 million profit this quarter as one needs to offset the losses from previous quarter in order to be in the positive. Nintendo is a Japanese company and that's how they consolidate their report. The report for Q3 only should be released soon after the Investors meeting.



Zelhawks37 said:

Their fiscal year ends in March, not December.

Sorry I didn't understand why the quote? I know that... I just said the Nintendo quarter results are always consolidated for the fiscal year and not just the quarter.