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Nintendo Co Ltd. (NTDOY)
Nintendo's Sales And Profits Are Up
Nintendo's Sales And Profits Are Up
Kotaku - July 30, 2008
Submitted by oznerol (1) at 7:01AM PST on July 30, 2008
Nintendo Co., Ltd. has just released its financial statement for Q1 FY3/09. Both sales and profits are up from last year's numbers Nintendo states. Net sales were ¥423,380,000,000 for the quarter with a net income of ¥107,000,000,000. Compare to last year's Q1 figures: ¥340,439,000,000 in net sales and ¥80,251,000,000 in net income. Looking towards the future, Nintendo expects a 7.6 percent increase in net sales and a 26.3 percent jump in net income by March 2009.
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14oznerol posted on Nintendo Co Ltd. (NTDOY) at 7:01AM PST on July 30, 2008. Article: Nintendo's Sales And Profits Are UpNintendo Co., Ltd. has just released its financial statement for Q1 FY3/09. Both sales and profits are up from last year's numbers Nintendo states. Net sales were ¥423,380,000,000 for the quarter with a net income of ¥107,000,000,000. Compare to last year's Q1 figures: ¥340,439,000,000 in net sales and ¥80,251,000,000 in net income. Looking towards the future, Nintendo expects a 7.6 percent increase in net sales and a 26.3 percent jump in net income by March 2009.[ Oracle ] [ Level 30 ] [ Rank: 1 ]
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"Nintendo expects a 7.6 percent increase in net sales and a 26.3 percent jump in net income by March 2009."
Much bigger jump in Net Income compared to revenue means several possibilities :
- lower COGS for H/W
- more portion of S/W (which have higher margin compared to H/W). This could mean increase S/W from Nintendo itself (first party) or non-Nintendo (third party).
- higher licensing fee (I don't think this is a possibility)
- lowered non COGS cost, such as marketing fund (a stupid decision, IMO)