Sluggish Earnings Results, but Some Numbers Suggest Strength of Nintendo’s Characters
Nintendo reported JPY 32.3 billion operating profit for the December quarter, which is below our forecast of JPY 39.8 billion and the market's expectation of JPY 35.9 billion. However, the company maintained its full-year revenue guidance of JPY 470 billion for fiscal 2017 (fiscal year ending March 2017), but revised the operating income guidance to JPY 20.0 billion from JPY 30.0 billion, which is below our forecast and the market's. Details will be disclosed at the briefing on Feb. 1, but we as...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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