Key Developments: Nintendo Co Ltd (7974.OS)
10,500JPY
2:10am EDT
¥-720 (-6.42%)
¥11,120
¥11,140
¥11,250
¥10,400
1,257,000
888,597
¥12,240
¥8,070
Latest Key Developments (Source: Significant Developments)
Nintendo Co Ltd Wins U.S. Appeals Court Decision Over Wii-Reuters
Reuters reported that Nintendo Co Ltd has won a U.S. appeals court decision in a patent case that will allow it to keep importing its popular Wii system into the United States. The decision by the U.S. Federal Circuit Court of Appeals in Washington, D.C. affirmed a January 2012 ruling by the U.S. International Trade Commission, which handles many technology patent disputes. The decision against Motiva LLC, which sued Nintendo in 2008, could make it harder for U.S. companies to halt imports of products that allegedly infringe patents on grounds they want to establish a domestic industry for similar products. Motiva, which is based in Dublin, Ohio, had claimed that Wii infringed two patents for a system to track a game user's position and body movement. Full Article
Nintendo Co Ltd Ordered To Pay $30 Million In 3-D Patent Suit-DJ
Dow Jones reported that Nintendo Co Ltd was ordered to pay $30.2 million in damages to Sejiro Tomita, a former employee of Sony Corp, for infringing on his patent for glasses-free 3-D technology, Bloomberg reported. A federal jury in New York ruled that Nintendo's 3DS machine infringed on Mr. Tomita's 3-D technology patent in a case stemming from 2011. Nintendo said it would appeal. Full Article
Nintendo Co Ltd Amends Consolidated Full-year Outlook for FY 2013
Nintendo Co Ltd announced that it has lowered its consolidated full-year outlook for revenue from JPY 810,000 million to JPY 670,000 million and operating profit from JPY 20,000 million to a loss of JPY 20,000 million, but raised the outlook for ordinary profit from JPY 10,000 million to JPY 20,000 million, net profit from JPY 6,000 million to JPY 14,000 million and earning per share from JPY 46.92 to JPY 109.48, for the fiscal year ending March 2013. The Company lowered the revenue outlook due to the decreased sales. Full Article
Index Corp Announces Co-development of Game Title with Nintendo Co Ltd
Index Corp announced that it will work with Nintendo Co Ltd on the co-development of a new role play game for home-use game console WiiU. Full Article
Nintendo Co Ltd Sells 400,000 Wii U Consoles In First US Week-Reuters
Reuters reported that Nintendo Co Ltd sold more than 400,000 "Wii U" video game consoles in the United States in the first week of its release, the money-losing company that badly needs a hit to lift its fortunes. Full Article
Nintendo Co., Ltd. Amends Full-year Consolidated Outlook for FY Ended March 31, 2012
Nintendo Co., Ltd. announced that it has lowered its full-year consolidated outlook for revenue from JPY 660,000 million to JPY 647,652 million, but raised its full-year consolidated outlook for operating profit (loss) from JPY (45,000 million) to JPY (37,320 million), ordinary profit (loss) from JPY (95,000 million) to JPY (60,863 million), net profit (loss) from JPY (65,000 million) to JPY (43,204 million) and earning (loss) per share from JPY (508.30) to JPY (337.86) for the fiscal year ended March 31, 2012. The Company lowered its full-year outlook mainly due to loss on valuation of assets denominated in foreign currencies. According to I/B/E/S Estimates, analysts on average are expecting the Company to report full-year revenue of JPY 669,620 million, operating profit (loss) of JPY (41,440 million) and net profit (loss) of JPY (58,300 million). Full Article
Nintendo Co., Ltd. Lowers Full-year Consolidated Outlook for FY Ending March 31, 2012
Nintendo Co., Ltd. announced that it has lowered its full-year consolidated outlook for revenue from JPY 790,000 million to JPY 660,000 million, operating profit (loss) from JPY 1,000 million to JPY (45,000 million), ordinary profit (loss) from JPY (30,000 million) to JPY (95,000 million), net profit (loss) from JPY (20,000 million) to JPY (65,000 million) and earning (loss) per share from JPY (156.40) to JPY (508.30) for the fiscal year ending March 31, 2012. The Company lowered its full-year outlook mainly due to foreign exchange loss. According to I/B/E/S Estimates, analysts on average are expecting the Company to report full-year revenue of JPY 757,710 million, operating profit (loss) of JPY (4,230 million) and net profit (loss) of JPY (22,690 million). Full Article
Nintendo Co., Ltd. Amends Consolidated Full-year Outlook and Affirms Year-end Dividend Forecast for FY 2012
Nintendo Co., Ltd. announced that it has lowered its consolidated full-year outlook for revenue from JPY 900,000 million to JPY 790,000 million, operating profit from JPY 35,000 million to JPY 1,000 million, ordinary profit from JPY 35,000 million to a loss of JPY 30,000 million, net profit from JPY 20,000 million to a loss of JPY 20,000 million and earning per share from JPY 156.40 to a loss of JPY 156.40, for the fiscal year ending March 2012. This is due to the decreased sales and the impact of the higher yen. According to I/B/E/S Estimates, analysts were expecting the Company to report full-year revenue of JPY 854.86 billion and earning per share of JPY 97.04. In addition, the Company has affirmed its year-end dividend forecast of JPY 100.00 per share, for the fiscal year ending March 2012. Full Article
Nintendo Co., Ltd. Lowers Consolidated Mid-year and Full-year Guidance for FY 2012; Lowers Mid-year and Year-end Dividend Forecasts for FY 2012
Nintendo Co., Ltd. . announced that the Company has lowered the consolidated mid-year guidance for revenue from JPY 360,000 million to JPY 240,000 million, operating profit (loss) from JPY 20,000 million to JPY (50,000 million), ordinary profit (loss) from JPY 30,000 million to JPY (55,000 million), net profit (loss) from JPY 18,000 million to JPY (35,000 million) and earning (loss) per share from JPY 140.76 to JPY (273.70) for the fiscal year ending March 31, 2012. The Company has also lowered the consolidated full-year guidance for revenue from JPY 1,100,000 million to JPY 900,000 million, operating profit from JPY 175,000 million to JPY 35,000 million, ordinary profit from JPY 185,000 million to JPY 35,000 million, net profit from JPY 110,000 million to JPY 20,000 million and earning per share from JPY 860.19 to JPY 156.40 for the fiscal year ending March 31, 2012. The Company lowered the consolidated mid-year and full-year outlook due to decreased sales amount. The Company has lowered the mid-year dividend forecast from JPY 60.00 per share to JPY 0.00 per share, as well as year-end dividend forecast from JPY 400.00 per share to JPY 100.00 per share for the fiscal year ending March 31, 2012. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of JPY 960.28 billion and net profit of JPY 73.94 billion for the fiscal year ending March 2012. Full Article
New Xbox more than a game console for Microsoft
* Renews contest with Sony, Nintendo for $65 bln game market
Earnings vs. 
Estimates
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