Nintendo: Operating profit forecast lower than market forecast for the current term-Stock prices low for the first time in three months

Nintendo: Operating profit forecast lower than market forecast for the current term-Stock prices low for the first time in three months

Nintendo: Year-end operating profit forecast

The consolidated operating income forecast for the current term (ended March 31, 2020) was lower than the market forecast.

Nintendo: Stock prices falling

Nintendo shares temporarily lost 5% from the previous day.

It has fallen to 40,170 yen, down from 5.1% on April 26 last year.

The closing price fell 3.6% to 40,770 yen, the lowest price in three months since October 31, 2019.

Profit target: increase

The consolidated operating income forecast for the current term has been revised upward to 300.0 billion yen, up 15% from the previous year.

Sales target: upward revision

Switch body: Increased to 19.5 million units (previously 18 million units)

Sales of software increased to 140 million (conventionally 125 million).

Bloomberg

Nintendo Switch overtakes 1990s SNES console in sales – BBC News