Nintendo declines to pounds 559m
Thursday 18 May 1995
Pre-tax profit for the year to the end of March was Y73.35bn(pounds 559m) against Y92.83bn previously, a decline of 21 per cent. Sales fell 14.5 per cent to Y415bn compared with the previous year's Y485bn.
Demand for video games has been slack and Nintendo and Sega, the two Japanese companies that have traditionally dominated the market, are facing increased competition, notably from Sony.
Nintendo is undergoing a period of transition as it develops its next generation of home video games.
The next product, to be run on more powerful machines, had been expected on general release by the end of this year. However, the company said recently it expected sales in the important United States market not to start until late in 1996. The strength of the yen was blamed for the delay.
At the interim stage last November, Nintendo forecast pre-tax profit in excess of Y100bn
So far, Nintendo has released only its official figures, without comment; nor has it explained why they came in so far below predictions. Its forecast of pre-tax profit in the current year of Y110bn would represent a 49 per cent improvement.
- 1 Half of young women unable to ‘locate vagina’ and 65% find it difficult to say the word
- 2 Perez Hilton apologises for Jennifer Lawrence naked photo leak
- 3 A teacher speaks out: 'I'm effectively being forced out of a career that I wanted to love'
- 4 Mexican woman becomes world’s 'oldest person' at 127
- 5 Jennifer Lawrence 'naked sex video' will be leaked threatens 4Chan celebrity photo hacker
Perez Hilton apologises for Jennifer Lawrence naked photo leak
Ariana Grande nude photos leak: 'These are completely fake' say singer's representatives
A teacher speaks out: 'I'm effectively being forced out of a career that I wanted to love'
Israel to appropriate 400 hectares in West Bank for ‘state use’
Kate Upton nude pictures leak: Model's representatives 'looking into' authenticity of naked images
Rotherham child sex abuse scandal: Labour Home Office to be probed over what Tony Blair's government knew - and when
What do immigrants really think of Britain? Polish immigrant's Reddit post goes viral
Ashya King: Parents of five-year-old boy refused permission to visit him in hospital and denied bail at Spanish court
With Douglas Carswell joining Ukip, my party has taken another giant step forward
When elitism grips the top of British society to this extent, there is only one answer: abolish private schools
Ukip Douglas Carswell defection: Tory MP jumps ship to join Nigel Farage
iJobs Money & Business
£40000 - £50000 per annum + benefits+bonus+package: Harrington Starr: SQL Impl...
£85000 per annum: Harrington Starr: Head of IT (Windows, Server, VMware, SAN, ...
£40000 - £50000 per annum: Harrington Starr: You will not be expected to hav...
£500 per day: Harrington Starr: SQL DBA/Developer SQL, C#, VBA, Data Warehousi...