Tag: Financials - Page 5
News Analysts Predict Financial Year Losses to be Reported by Nintendo
We'll know soon enough
When Nintendo revealed its financial update for Q3 at the end of January, it projected a net profit of 14 billion Yen (just over $150 million) for the financial year; it must be said that this projected profit was in spite of an operating loss, which reflects the core business of producing and selling consoles and games. That...
News Square Enix CEO Resigns Ahead of Financial Losses
Major restructuring is planned
With the financial year closing in the coming week, Square Enix has stated that it anticipates an "extraordinary loss" as it puts into effect major restructuring of the company. With disappointing sales of console titles and the costs of making sweeping organisational changes, the company anticipates reporting a loss...
News Nintendo Is Strengthening Development Teams, Defends Wii U Capabilities
Unannounced games slated for late 2013
Following this week's financial reports, Nintendo had its standard Q&A session with investors to discuss the results and business plans. The full transcript has been published in Japanese but, at the time of writing, the English translation is yet to arrive. Thankfully, NeoGaf member farnham has translated...
News Nintendo Cuts Profit Projections After Half-Year Results
Losses continue to fall despite weaker than expected 3DS sales
Despite all of the hype and excitement currently around Nintendo and the upcoming launch of Wii U, in addition to its efforts to improve its download platforms and more, the company's been working against a backdrop of difficult financial results. Earlier this year Nintendo had to report...
News Nintendo Confirms Financial Loss for First Quarter
Not a surprise
As you may recall, Nintendo announced its first annual loss in 30 years in April, as the company faced the music for problems with the 3DS launch and a declining Wii. It's just announced its results for the first quarter of this current financial year and, as anticipated, it's a loss. In the three months that ended 30th June this...
