Analysts Predict Nintendo’s Earnings
Nintendo is set to reveal earnings data for the past six months (April – September) on Wednesday night (Japan time). The following day it will hold its usual briefing with investors, which is usually where the information we really want to hear comes out. Usually there aren’t any bombshells at these meetings, but oftentimes there will be nuggets of information that shed light on what’s to come.
The Wall Street Journal is reporting that a poll was taken of five analysts by Nikkei Quick to see what to expect from these latest financial numbers. They predict that Nintendo will report a net profit of 16.1 billion yen ($133 million), which is up from 14.3 billion yen of profit from the prior year. For the quarter (July – September), 6.9 billion yen profit is projected, down from 24.2 billion yen a year ago.
Some vital information about Nintendo’s new partnerships and initiatives could come to light over the next few days. If you recall, Nintendo has a deal with DeNA to create a smartphone game by the end of this year. Perhaps we will find out more about the title or the timetable for release.
There’s always a slight chance of new information about its next platform, NX as well. Don’t expect much to be revealed as the holidays are approaching and it wouldn’t make sense to endanger vital sales of existing hardware and software. Expect NX details in the new year.
Of course, other projects like Nintendo’s Quality of Life and Universal Studios collaboration could be discussed as well. This will be Tatsumi Kimishima’s first investor’s meeting as President of Nintendo.
More information can be found at Digits, a Wall Street Journal tech blog.
Craig has been covering the video game industry since 1995. His work has been published across a wide spectrum of media sites. He’s currently the Editor-In-Chief of Nintendo Times and contributes to Gaming Age.
