Nintendo Earnings Report - What to look for

Takashi Mochizuki at the WSJ blog Digits:

–CEO TATSUMI KIMISHIMA: This will be the first earnings report issued by Nintendo under the leadership of new CEO Tatsumi Kimishima. He has attended these briefings as Mr. Iwata’s lieutenant, but was mostly silent. Analysts will look for him to explain his views on key strategies and will likely compare his performance to that of his predecessor.

–MORE TIE-UP DEALS: Nintendo is opening up, striking many surprising partnership deals recently, including with smartphone game provider DeNA Co.2432.TO +0.87%,Comcast Corp.CMCSA +0.45% theme-park subsidiary Universal Parks & Resorts as well as Google-spinout Niantic Inc. Former Nintendo Chief Executive Satoru Iwata, who died of cancer in July, had said the firm aimed to expand the use of Nintendo characters to help popularize Nintendo games.

EARNINGS FORECAST: According to a poll of five analysts by financial data provider Nikkei Quick, Nintendo is expected to post a net profit of 16.1 billion yen ($133 million) for the half-year period, up from a 14.3 billion yen profit in the year-earlier period. For the July-September quarter, the analysts expect a 6.9 billion yen net profit, down from 24.2 billion yen.

Posted on October 26, 2015 and filed under News.