nintendo co ltd (NTDOF) Key Developments
Nintendo Co. Ltd. Announces Earnings and Operating Results for the First Quarter Ended June 2015; Provides Earnings and Operating Guidance for the Year Ending March 2016
Jul 29 15
Nintendo Co. Ltd. announced earnings and operating results for the first quarter ended June 2015. The company posted an ¥8.28 billion ($67 million) profit for the fiscal first quarter, helped by better sales and a cheap yen, but did not announce a new president to lead the company after the death this month of Satoru Iwata. Quarterly sales at the company rose 20% to ¥90.2 billion ($729 million). The company had reported a ¥9.9 billion loss for the first quarter of the previous fiscal year.
The company sold 470,000 Wii U machines for the April-June period of 2015, down from 510,000 the same quarter the previous year.
The company announced annual profit forecast unchanged at ¥35 billion ($283 million).
The company expects to sell 3.4 million Wii U machines for the year through March 2016.
Nintendo to Close Down the TVii service on August 11
Jul 28 15
Nintendo is closing down its TVii service on August 11, 2015. At the same time, Nintendo will be closing the Nintendo TVii Miiverse community.
Nintendo Wins Patent Infringement Case in Federal Court in Oakland, California
Jul 21 15
On July 17, 2015, Nintendo won a patent case in federal court in Oakland, California. Judge Saundra Armstrong found that eight of Nintendo’s popular hand-held systems, including the Nintendo 3DS, Nintendo DSi, Nintendo DS and Game Boy Advance systems, do not infringe a patent asserted against those products by Quintal Research Group Inc. Judge Armstrong therefore dismissed the case.
Nintendo Announces Demise of Satoru Iwata, CEO
Jul 13 15
Nintendo announced that its hands-on CEO, Satoru Iwata, has passed away at the age of 55, following a long battle with cancer. Before joining Nintendo as a director in 2000, Iwata had been the president of HAL Laboratory. He worked on popular Nintendo games such as EarthBound and Kirby, and assisted in the development of Pokmon Gold and Silver for the Game Boy Colour.
Nintendo Co. Ltd. to Report Q1, 2016 Results on Jul 29, 2015
Jun 25 15
Nintendo Co. Ltd. announced that they will report Q1, 2016 results at 4:00 PM, Tokyo Standard Time on Jul 29, 2015