Nintendo Revises Full-Year Financial Forecast Upward Yet Again
Thanks to continued high demand for its line of products, Nintendo has once again revised its full-year financial forecast for its fiscal year, which runs from April 1, 2017 through March 31, 2018. This marks the second time that it has revised its projections upward.
Back on April 27, 2017 Nintendo had originally forecast net sales of 750 billion yen, operating profit of 65 billion yen, an ordinary profit of 60 billion yen, and a net profit attributable to owners of parent of 45 billion yen. Thanks to the huge demand for the Switch and even its 3DS line of systems and games, Nintendo has blown past its original projections.
On October 30, 2017 Nintendo revised its full-year financial forecast. It anticipated net sales of 960 billion yen (up 28% over the original forecast), operating profit of 120 billion yen (84.6% higher than estimated), 125 billion yen in ordinary profit (108.3% higher), and 85 billion yen of profit attributable to owners of parent (an 88.9% increase over original estimates).
Thanks to a vigorous holiday shopping season, and continued support of Nintendo products into 2018, Nintendo has once again revised its full-year financial forecasts upward. It now expects to have 1.02 trillion yen in net sales, with 160 billion yen in operating profit. It expects 175 billion yen in ordinary profit and 120 billion yen in profit attributable to owners of the parent. This is quite an astounding increase across the board when compared to the original forecasts and bodes well for Nintendo and its shareholders!
[Source: Nintendo]
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.
