Analysts expect Nintendo to post net profit as revenues climb

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Nintendo will hold their Semi-Annual Financial Results Briefing later this week, with analysts particularly buoyant that the company will once again report positive news.

The Wall Street Journal share that Nikkei Quick polled five analysts, who predict that Nintendo will report a 16.1 billion yen (£86.6 million) net profit for the half-year period – improving on the 14.3 billion yen profit (£76.9 million) that they posted last year.

Comparatively, their expectation is that the company are to report a 6.9 billion yen profit (£37.1 million) for the quarter – a notable decline from 24.2 billion yen (£130.2 million).

As for revenue, the analysts anticipate that Nintendo will report revenue of 197.9 billion yen for the half-year period – 113.1 billion yen of that being specifically for the quarter. That continues to show improved growth, with last year seeing revenue hit 171.4 billion yen and 96.7 billion yen.

Away from numbers they expect news to be shared about Nintendo’s smartphone plans with DeNA, potentially shed light on NX, their muted Quality of Life plans, and for new president Tatsumi Kimishima to share how he plans to steer the company moving forward.

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