Nintendo's June Quarter Results Deliver Relief to the Market; Retaining FVE of JPY 44,000
While Nintendo’s share price has declined 11% for the past month, we believe that Nintendo’s June quarter result was encouraging for two major reasons: 1) it showed the strong shipment momentum for both hardware and software of Nintendo Switch; and 2) it proved that the company is succeeding to control costs, and as a result, profitability of Switch platform will be much higher than that of Wii U, the previous platform. We will thus retain our view that Nintendo has increased its userbase by lev...Nintendo is mainly engaged in the development, manufacture, and sale of home-use game hardware/software and peripheral equipment as well as software under the name of "Nintendo DS," "Nintendo 3DS," "Game Boy," "Nintendo 64,"" Game Boy Advance," "Wii," "Nintendo GameCube," "Game Boy Color" and "e-Reader (trading card games)." Co.'s principal software trademarks include "Pokemon," "Super Mario Bros.," "The Legend of Zelda," "STARFOX64" and others. Co. also provides online games and repair services. In addition, Co. is involved in the manufacture and sale of Japanese playing cards called "Karuta," playing cards and board games, as well as the management of intellectual property rights.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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