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Forums - Nintendo - Nintendo is profitable again. 220 million in Q2, 4.5 billion in the bank (Excluding assets?)

With all of the QoL discussion I didn't see much about the actual finances.
http://www.nintendo.co.jp/ir/pdf/2014/141029e.pdf

Two salient points. First, they're profitable again after a few years in the red, with approximately $220 million in Q2
http://www.gamnesia.com/news/nintend...2#.VFEELjTF9Zg

Second, they have $4.5 BILLION in the bank. Closer to 9.7 if you include all of their assets. Holy shit
http://www.gamnesia.com/news/nintend...current-assets



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Yay Nintendo!



Nintendo's blood is money. Why else would they make New Super Mario Bros. 2's concept? They aren't bickering with other people because they know this. Their goal is to make more and keep more. The profitability is the only thing that matters to Nintendo and that's why the were never "doomed" to begin with.



@kowenicki

I copy and pasted, but anyway Nintendo going to be way up this quarter, they are going to post a profit this fiscal year easily, they have been losing money, this is a nice change, calm down



kowenicki said:

Whilst I agree they arent in financial trouble... your thread comes off a bit silly.

Why are you sayin holy shit to 9.7bn assets. Thats the lowest it has been for years.

They are profitable? Not yet they arent. They havent made a profit yet, quarterly or 6 monthly results are meaningless. The full year figure is what decides is they have made a profit.

If you make a profit in a quarter but make an overall annual loss you never made a profit.


Don't profits usually skyrocket later in the year, so if they're already making a profit its safe to assume they will make a profit for the year, unless that had some huge losses in q1, I can't remember.



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I'd love some Wii U doom... But I doubt ID feels the same :(



that's a lot of money 9,7 billion, downplay it like you want, it does not matter, and with smash and pokemon and new 3ds model, green numbers are for sure at the end of the year, not like the competitors, red numbers are granted for all of them :D



34 years playing games.

 

stock is down 6+ % today

https://www.google.com/finance?q=OTCMKTS%3ANTDOY&ei=KGRSVLjYFLHDwAOjnIAI

Almos down to new 52 weeks low



@Kowen

Well stay more calm then. Cuz it sure as hell looks like you arent



Net tangible assets:

Sony: $9.4bn

Nintendo: $9.7bn

Microsoft: $62.7bn

Oh noooooo Sony+Nintendo cant compete!!!!!! Look at all that Mulaaaaaaaaa

Ooooooooomg!!!