Mihael Mello Keehl
Banned
Iwata will announce a second straight annual loss tomorrow, losing 18.7 billion yen in the 12 months ended March 31, according to the average of 15 estimates compiled by Bloomberg. For the year started April 1, Nintendo may post operating income of 70 billion-yen, according to the average of 19 estimates -- short of a target he said was a personal commitment.
Also:
Also from the article:
"While Nintendo struggles with its main business, a weakening of the yen may give some relief, as it boosts the value of overseas earnings. The Japanese currency has depreciated about 13 percent against the U.S. dollar this year and touched a four-year low of 99.95 on April 11.
That may enable the company to post net income of 14 billion yen tomorrow, the company said in January."
http://mobile.bloomberg.com/news/20...ofit-target-as-wii-u-founders.html?cmpid=yhoo
The 100 billion yen operating income goal is for the fiscal year that just started.
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