HomeHomeSearchRegisterLog in
Share
 

 Nintendo half yearly profits boosted by weaker yen

View previous topic View next topic Go down 
Guest
Guest



Nintendo half yearly profits boosted by weaker yen Empty
PostSubject: Nintendo half yearly profits boosted by weaker yen   Nintendo half yearly profits boosted by weaker yen EmptyWed Oct 29, 2014 8:44 pm

Japanese videogame giant Nintendo said today its first-half net profit soared to $132m as a sharply weaker yen boosted its bottom line and offset slowing sales.

The Kyoto-based company earned 14.3 billion yen between April and September, up substantially from 600 million yen the same time a year ago.

This was despite sales falling 12.8% to 171.4 billion yen on lacklustre demand for its 3DS games system.

Nintendo kept its full-year 20 billion yen profit forecast unchanged, and said its operating loss in the first half shrank to 215 million yen, from 23.3 billion yen a year earlier.

The maker of the Super Mario and Pokemon franchises has struggled in recent years, as consumers flee to downloadable games for smartphones and other mobile devices.

Net profit soared "as a result of exchange gains totalling 15.5 billion yen due to depreciation of the yen", the company said.

A weaker yen helps make Japanese exporters more competitive overseas and inflates the value of their repatriated profits.
Back to top Go down
TJ Ω
#TeamRomie
TJ Ω

Posts : 5254
Join date : 2013-07-23
Age : 25
Location : Where I Shouldn't Be

Nintendo half yearly profits boosted by weaker yen Empty
PostSubject: Re: Nintendo half yearly profits boosted by weaker yen   Nintendo half yearly profits boosted by weaker yen EmptyWed Oct 29, 2014 8:47 pm

The Wii U's starting to sell better though, so their sales are gonna shoot up. I aint bothered
Back to top Go down
 

Nintendo half yearly profits boosted by weaker yen

View previous topic View next topic Back to top 
Page 1 of 1

Permissions in this forum:You cannot reply to topics in this forum
Wrestle Fanatics :: Popular Demand :: Video Games-