Revised upwards thanks to favourable exchange rates.
April 6, 2005
[This unedited press release is made available courtesy of Game Developer and its partnership with notable game PR-related resource Games Press]
Nintendo | April 6th 2005 - Nintendo Co., Ltd., filed a report with the Japanese Stock Exchange upwardly revising the financial forecasts for the fiscal year. The highlights of the filing include:
NCL will pay shareholders a dividend of ¥270 (about $2.51) per share for the fiscal year that ended March 31.
NCL made positive revisions to the company's recurring and net profits forecasts. The forecast calls for an increase in consolidated recurring profits from ¥120 billion to ¥140 billion (approximately $1.3 billion) and consolidated net profits from ¥70 billion to ¥82 billion (approximately $763 million). The increased forecasts are due to a better-than-expected exchange ratios for both the dollar and the euro.
Further details are provided in the attached file*. NCL will present full financial details on May 26.
Note: Forecasts announced by the company referred to above were prepared based on management's assumptions with information available at this time and therefore involve known and unknown risks and uncertainties. Please note such risks and uncertainties may cause the actual results to be materially different from the forecasts.
*If your Adobe Reader is unable to open the file, please use the Adobe link below to download the Japanese version of the Asian Language pack.
http://www.adobe.com/products/acrobat/acrrasianfontpack.html
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