| SJReiter said: Also, why do people keep saying that Nintendo is doing fine financially? Haven't they been in the red for past like 3 years? Am I missing something here? |
Nintendo Current Assets is just under 10 Billion $$$ USD. 8 Billion of which is in Cash and securities.
Last fiscal year Nintendo reported loss 225 Million dollars but their actual comprehensive income is net gain of 174 million.
http://www.nintendo.co.jp/ir/pdf/2014/annual1403e.pdf
Foreign currency translation adjustment was 350 million.
In other word Nintendo has so much cash that they have to invest the money and they are at the mercy of fluctuation in the stock market. Most of the losses are from foreign currency gain and loss. But sales have decrease considerably and Nintendo does have major problem that must be address.
If investor don't see improvement soon their will be a change of management and they will demand to see nintendo software on smart phone and Tablet.









