While rivals such as Sony and Microsoft have already given their latest financial results, Nintendo is waiting until 2nd February, scheduling it as such a few months ago. As 2016 has a lot going on for the company these quarterly reports are being watched closely, as Nintendo seeks a balance between presenting exciting news to investors to maintain their confidence, while also holding back key reveals.
In any case, plenty of eyes will be on the actual financial results, Nintendo President Tatsumi Kimishima's presentation, and also the investor Q & A. Some positive news is that Nintendo's share value, which occasionally - but not always - gives a clue on how behind-the-scenes talks are going with major investors and shareholders, has ended this week with a substantial increase. In fact, after a decline mid-month it's settled at a level only slightly below its high from the start of the year.
In the final day of trading this week Nintendo's shares climbed nearly 7% to 16,655 Yen, and you can see how this compares to the rest of the month below.
The past couple of weeks have brought plenty of chatter around Nintendo, smart device apps and NX, in particular. Macquarie issued a largely optimistic report that was credited with a spike in share value earlier in the month, while highly respected sources are making claims such as strong NX support from Bandai Namco and a planned Super Smash Bros. launch title.
The true test of investor confidence - and the wider global economy, but let's not get into that - will come once Nintendo reveals its financial results and pitches its plans to investors. We're looking forward to seeing what unfolds.
[source bloomberg.com]
Comments 12
I am convinced a drop is coming in fear of the lack of either NX information or Mobile games that don't do enough for Investors, and this my friends, is when I will strike.
The stock is almost certain to fall after the financials are reported just because they won't announce the amazing numbers some are hoping for. The stock will then rebound so......if I was a day trader I'd be looking for a fall in price to buy before flipping the stock on the week later rebound.
Well I've asked everybody else on the site @ThomasBW84 might as well go ahead and ask you directly, why hasn't NL covered the IHS analyst report of a portable NX holiday 2016? Or did you cover it in another NX rumour and speculation article and I missed it?
https://www.google.com/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=ihs+nx+portable+2016
If you happen to notice the NintnedoLife link on the google page it's only due to what I posted yesterday.
Metroid NX confirmed then. called Metroid Prime share index. Where you play as Samus on the 30th of January as she tries to give reason why energy tanks can be considered as a business expense. I see no other explanation.......seriously tho i would welcome some concrete news next week as the rumours are going crazy.
@rjejr I initially thought it was the old Macquarie thing, but see now it wasn't. Have done an article - just busy is all!
I don't really follow other console makers news but I wonder if they get article about financial stock too ? I'm not criticizing the article. I just wonder why this is relevant for gaming websites ?
I have a feeling that Nintendo will get some profit out of all this cause why wouldn't they?
@ThomasBW84 "it was the old Macquarie thing"
I get that, I've read every link on that Google page and they all reference it, usually something like - "last week Macquarie said, this week some analyst at IHS says". Of course it's all pretty much the same piece just written over and over and over again. I'm not even sure which is the original piece. Maybe the Wall street Journal, but I don't subscribe.
http://bgr.com/2016/01/28/nintendo-nx-portable-console-2016/
And I did read your Macquarie piece 3 times to see if it was in there.
I do think the Macquarie stuff was pure conjecture on analysts part, where this is based on manufacturing which at least for me holds a little more weight.
And I do know you're very busy, but this seemed important in relation to all the other "NX is a portable" news.
@Mineral - for us gamers, a hike in share price could indicate an announcement that investors believe will drive up the price, so maybe something good for us like game or hardware news. More then likely though, investors are expecting better then predicted profits and that's why there is a spike in price. So basically this is like a rumor article saying....hey maybe something awesome next week.....or not.
my portfolio is ready
@Warruz - lol...Are you being sarcastic, or are you planning a trolling campaign the likes of which the internet has never seen?
@Mineral - Yes, this news exists for other console manufacturers, but there is much more interest and click-bait potential for Nintendo stock related news.
Partly because Nintendo is a gaming first corporation where Microsoft and Sony and global megacorporations with other massive enterprises to fall back on...which leads us to the other reason: Nintendoom!
Yeah...ever since the low sales of the N64 there has been an active contingent of fanboys, game journalists, trolls and haters that relish and delight in the idea that Nintendo is always on it's last leg...ready to go bankrupt and be driven out of gaming.
@Action51 Stock prices are based off of investors and their perception of the company, not on its actual value. There are plenty of examples of where companies before a major release see's stocks sell off over a fear of a flop, look at any WoW expansion release or even when Nintendo announced Miitomo where either fear caused stocks to falls, or simply the announcement did not meet investors expectations, regardless of how wildly inaccurate they may have been.
Lets not forget that not only is there fear in the global economy, there is also plenty of uncertainty in the Japanese market in particular right now.
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