Nintendo Sales Up, Profits Down, Financial Forecast Revised
Published: January 01, 0001 | Author: A.I. Nexus | Category: Financial Strategy
Nintendo has just released its financial statement for the nine-month period ending December dafabet 31, 2008. In short, sales were 
up, but profits down. Compared to the same period last year, net sales were up 16.7 percent to the equivalent of US$17.07 billion. Net profit, however, dropped 17.9 percent to the equivalent of $2.36 billion.(new Image()).src = 'https://capi.connatix.com/tr/si?token=995c4c7d-194f-4077-b0a0-7ad466eb737c&cid=872d12ce-453b-4870-845f-955919887e1b'; cnx.cmd.push(function() { cnx({ playerId: "995c4c7d-194f-4077-b0a0-7ad466eb737c" }).render("79703296e5134c75a2db6e1b64762017"); }); According to Nintendo, income levels were impacted by the large mc888 exchange loss due to the yen’s spike in value. The strong yen has negatively impacted other international Japanese corporations such as Toyota and Sony. As a result, riches888pg the company has released a revised 
financial forecast for the financial year (April 1, 2008 to March 31, 2009). The previous financial forecast that was announced on October 30, 2008, predicted the yen equivalent of US$22 billion in net sales. It is now forecasted to be $20.2 billion, a 
9 percent decrease. However, net sales are predicted to be up 8.8 percent for the financial year. Net income was originally forecasted to be $3.77 billion last December, but the revised forecast pegs it at $2.55 billion, a 10.6 percent drop.