Nintendo's latest financial results and briefings to investors brought dropping profits and very few new details. Yet release information for Miitomo and the My Nintendo account service, combined with a call for investor patience, have seemingly done the job.
We've seen Nintendo share value take dives in the past after underwhelming financial results, but many investors seem to be reserving judgement until more smartphone apps and NX have been shown to the world. The promises of a 'well-known' IP for Nintendo's next iOS / Android release, along with Pokémon Go and a total of five DeNA titles due by the end of March 2017, have all no doubt helped many to hold their nerves.
The first full day of trading following Nintendo's Q3 reports brought a small dip of 1.69% in share value to 16,885 Yen, which follows another small dip after a year-high value on 1st February.
With March bringing Miitomo and My Nintendo accounts, and with the year-end briefings being due in May, we'll see whether investors keep the faith in the coming weeks and months.
[source bloomberg.com]
Comments 8
Those 'small dips' become big dips if details of what they are promising are not made more transparent.
If I was CO I would start suggesting what the NX is.
@zool
Completely agree, Didnt they say they'd tell more nx information at e3?
Really not much going on in this briefing as they seem focused on their Q4, Jan-Mar, and the investors probably knew as much going in.
The year end briefing in May will have to contain NX info though as they give guidance for April 1 - March 30 2017. But Nintendo is likely to get that info out before then anyway once Starfox Zero ships April 22nd and they start looking past Wii U and onto NX. If there is no release schedule for NX in their next May meeting stock will plummet, but I expect there will be so I'm not worried. Waiting, not worried.
So we wait some more.
I think it helped that they said they would be rolling out Nintendo Accounts two weeks from now. Giving a date, and a date so near in the future, for something they plan to do, even if it's not something huge like NX, probably made people feel a bit more confident.
Anyone got any specific advice on how I go about buying shares in Nintendo please?
@cmk8
Same as any other share. Hang on, are you asking how to go about buying shares in general?
True story, the CEO of my old workplace played on the Wii before it was launched. He thought it would flop, but told my manager all about the experience. My manager thought it was brilliant and invested in Nintendo. My CEO called him an idiot. The rest is history.
@NF6429, they only ever say that they will talk about the NX in 2016. They never gave a time, date or place for when/where they will talk about it. I'm guessing they'll talk about it a bit at GDC (mostly behind doors for developpers) and then have the big reveal at E3.
@TheLobster, they are only doing pre-registrations starting from Feb 17th, they are rolling out My Nintendo in March with no actual date confirmed yet.
@Hotfusion, well how do you go about buying any other share? Any tips for buying shares in Canada?
It took long enough for Nintendo to come up with a new rewards program the 17th can't get here soon enough.
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