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

Soundwave on 30 January 2013
Vinniegambini said:
Soundwave said:

Unless something disastrous happens in Q4, especially with the yen easing, Nintendo should comfortably make a small profit (by their standards) this fiscal year though.

3DS is maybe not selling as well as they want but clearly selling enough to drive a good amount of profit. Those NSMB2 sales are nothing to scoff at.

With Dragon Quest VII, Luigi's Mansion 2, Tomadachi Collection 2, Megaten, Monster Hunter 4, and Pokemon X/Y, they got Japan on lock down this year. I imagine a Zelda 3DS or Donkey Kong Country 3DS could happen this year too.

Operating Income loss of 20 million yen, net income of 14,000 yen for year-end forecast.

Bascially, they are not profitable at the moment by selling video games, they are currently catching a break with the weaker yen and will post a profit because of the it.

I'm kinda confused though, because if they're up $159 million so far, and have one quarter to go, Q4 being a slower quarter, shouldn't they be adding a (small) amount to the $159 million they're already up for the year with a more favorable yen? 3DS is still profitable, so is Wii and DS, Wii U may not be from a hardware POV, but they're barely shipping any for Q4.



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Wh1pL4shL1ve_007 on 30 January 2013

Well congrats nintendo.



Yay!!!

Soundwave on 30 January 2013

This article is saying that Nintendo is now projecting a year end loss of $220 million (20 billion yen) or so for fiscal year end:

http://ca.reuters.com/article/technologyNews/idCABRE90T08T20130130



Train wreck on 30 January 2013

Popular opinion is that a company dealing in consumer electronics should post a profit during the biggest retail season of the year.  Nintendo was only able to make 250 million with high 3DS, DS and Wii shipments and high software shipments.

This holiday season, the DS was heavily discounted and Wii had a price cut and total shipments are down 50-60%, along with ds and wii software.  3DS is flat year on year and no major releases in the west (and the 3DS and XL were heavily discounted) and the Wii U has been a debacle.  I will be surprised if Nintendo post any operating income this quarter (and that would only come because of favorable exchange rates, which I think will be a small catalyst)


Seems my skepticism was justified as Nintendo did post an operating loss for the quarter and its net income gains came from tax changes, currency flucations and lower expenses (no growth in actually selling videogame hardware and software)

Despite the wii u being on the market last quarter, total sales are down from the same 9 months last year which is mind boggling.

Europe, which was their largest market for most of the Wii era, has now be regulated to 3rd which is alarming.  And their future forcast still paints a picture of no growth (cuts in 3DS, Wii U and DS) and just alterations to its bottom line (tax changes, yen depreciation, probably more expense cutting)

The US market really, REALLY helped out numbers this past quarter but with fiscal and job worries starting to overhang our economy, ill find it hard for nintendo to have the same repeat success going forward, especially in the slow months.

edit higher operating income but still overall operating loss



Farsala on 30 January 2013
Metrium said:
Farsala said:
tbone51 said:

some1 pls confirm, im lost!

so does this mean tht wii u has 3.06mil units sold of when? Dec 31? Also 3DS has 29.84? vgc has it at 28.2?

help!!!


Shipped vs Sold

So 3DS: 29.84-28.2= 1.64 in stock

This is a question I've been asking myself for a while now. When a console is shipped, does Nintendo get their money right away from the retailer since the retailer buy the consoles from Nintendo in order to later sell them to the customers or does Nintendo need to wait for the retailer to sell it to the customer before they can get their money?


Nintendo gets the money right away, chances are the shipped consoles will probably sell and if they do not retailers often do store discounts.



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Turkish on 30 January 2013

I predicted 200m profit, they more than doubled it, congrats.



Soundwave on 30 January 2013
Train wreck said:

Popular opinion is that a company dealing in consumer electronics should post a profit during the biggest retail season of the year.  Nintendo was only able to make 250 million with high 3DS, DS and Wii shipments and high software shipments.

This holiday season, the DS was heavily discounted and Wii had a price cut and total shipments are down 50-60%, along with ds and wii software.  3DS is flat year on year and no major releases in the west (and the 3DS and XL were heavily discounted) and the Wii U has been a debacle.  I will be surprised if Nintendo post any operating income this quarter (and that would only come because of favorable exchange rates, which I think will be a small catalyst)


Seems my skepticism was justified as Nintendo did post an operating loss for the quarter and its net income gains came from tax changes, currency flucations and lower expenses (no growth in actually selling videogame hardware and software)

Despite the wii u being on the market last quarter, total sales are down from the same 9 months last year which is mind boggling.

Europe, which was their largest market for most of the Wii era, has now be regulated to 3rd which is alarming.  And their future forcast still paints a picture of no growth (cuts in 3DS, Wii U and DS) and just alterations to its bottom line (tax changes, yen depreciation, probably more expense cutting)

The US market really, REALLY helped out numbers this past quarter but with fiscal and job worries starting to overhang our economy, ill find it hard for nintendo to have the same repeat success going forward, especially in the slow months.

edit higher operating income but still overall operating loss


Err, yeah this was not very good news all around it seems. I think the stock will take a pounding tomorrow.



Soundwave on 30 January 2013

Can someone explain to me the difference between operating loss/profit and net income? Which is more important?



Train wreck on 30 January 2013

Nintendo has a odd way of reporting stuff, they consolidate their number on a ongoing basis.
Here is the quarter over quarter change:

for Q3 Nintendo had:

total sales of 342 billion yen (3.76 billion dollars)
operating income of 23 billion yen (252 million)
net income of 42.5 billion yen (461 million)

Last year for the same period

total sales 340 Billion yen

operating income of 40.9 billion yen

net income of 21.9



_crazy_man_ on 30 January 2013

Any word on the investors meeting?



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