iation of the yen to a level well above that anticipated by the firm.But the Kyoto-based company suffered a softer earnings fall in its group net balance, fol
lowing gains generated from the sale of an affiliate.Nintendo’s group net profit fell 44.8 percent to 18.97 billion yen in the six-month period through Sept. 30. Sales fell 7.8 percent to 208 billion yen.The producer of the Game Boy consoles and the Super Mario software series incurred 29.11 bil
lion yen in appraisal losses of its dollar- and euro-denominated funds, based on the yen’s exchange rates against the two currencies.A stronger yen hurts the earnings of export-oriented firms such as Nintendo.It erodes profits generated abroad when this money is repatriated.Of the company’s 208 billion yen in consolidated midyear sales, 172.7 billion yen, or 83.1 percent, was generated overseas, Nintendo said.The company retained the full-year earnings
projections released Oct. 1, forecasting a group net profit of 80 billion yen and a pretax profit of 110 billion yen on sales of 600 billion yen.In 2001, the company generated a net profit of 106.44 billion yen, a pretax profit of 186.62 billion yen and sales of 554.89 billion yen.TwitterFacebookLinkedInGET THE BEST OF THE JAPAN TIMESIN FIVE EASY PIECES WITH TAKE 5Mail the editorError ReportRepublishingCommenting PolicyJOIN THE CONVERSATIONLATEST BUSINESS STORIESWorkplace equality 'decades away' in Britain as men dominate top jobsEquality for women at work is decades away in Britain, according to a study released Monday that found just 6 percent of chief executives at leading companies are female, with representation in som...Tsai's election v六开彩报纸2017年 ictory set to bolster Taiwan's buoyant marketsA winning run for Taiwan's financial markets is set to be reinforced by Saturday's landslide ele
ction victory for President Tsai Ing-wen.That's the view of market watchers and analysts, with th...Ex-drug company execs face reckoning in opioid bribery caseThe founder and former top employees of a pharmaceutical company are facing a reckoning for their role i
n a bribery scheme that prosecutors say boosted sales of a powerful, highly addictive painkil...