nintendo co ltd (NTDOF) Key Developments
Nintendo Co. Ltd., Annual General Meeting, Jun 26, 2015
May 28 15
Nintendo Co. Ltd., Annual General Meeting, Jun 26, 2015.
Nintendo Launches Two Gigantic Puzzle Games for Nintendo 3DS
May 20 15
Nintendo is doubling down on puzzle gaming with two adventures for Nintendo 3DS – so big and so immersive that they have room for dragons and Mario – in one power-packed game package. Puzzle & Dragons Z + Puzzle & Dragons Super Mario Bros. Edition will challenge gamers to drag and match colored orbs to create combos and take down enemies. And Puzzle & Dragons Z + Puzzle & Dragons Super Mario Bros. Edition will delight them with the chance to befriend Mariobaddies across multiple worlds to rescue Princess Peach.
Nintendo Defeats Patent Case Involving Wii Balance Board
May 19 15
On May 18, 2015, Nintendo defeated a patent case in Seattle federal court. In May 2013, non-practicing entities Ithaca Ventures and Ithaca Development sued Nintendo, alleging that Nintendo’s Wii Balance Board accessory infringed its patent. Nintendo responded by seeking sanctions for filing a meritless case. Ithaca then withdrew its case in Seattle following a finding by a German court that Ithaca’s European patent could not cover the Wii Balance Board and that Ithaca must pay Nintendo’s attorneys fees.
Nintendo Partners with Universal Parks & Resorts to Create Theme Park Attractions Based on Nintendo's Beloved Games and Characters
May 7 15
Nintendo and Universal Parks & Resorts announced plans to bring the world of Nintendo to life at Universal theme parks creating spectacular, dedicated experiences based on Nintendo's wildly popular games, characters and worlds. The agreement brings two icons of entertainment together and represents a significant partnership for Nintendo as it expands the reach and popularity of its characters and intellectual property. Universal theme parks offer incredibly popular, innovative themed family entertainment experiences based on compelling stories and characters using powerful storytelling and innovative technology. Nintendo has created remarkable and imaginative worlds filled with captivating stories and beloved characters.
Nintendo Co. Ltd. Reports Earnings Results for the Year Ended March 2015; Provides Earnings Outlook for the Year Ended March 2016
May 7 15
Nintendo Co. Ltd. reported earnings results for the year ended March 2015. For the period, the company’s net profit was ¥41.8 billion ($350 million), a reversal from deep losses the previous year, as it reshapes its troubled business with a long-delayed foray into smartphone games. The company reported a loss of ¥23.2 billion the previous fiscal year, as sales of the new Wii U machine continued to lag, falling short of company expectations. Sales dipped nearly 4% to ¥549.8 billion ($4.6 billion).
The company is expecting profit for the fiscal year through March 2016 to climb to ¥35 billion ($293 million), up 16% from the fiscal year ended March 2015, as Pokemon characters and Luigi the plumber start arriving on smartphones and tablets. Annual sales are projected to rise nearly 4% to ¥570 billion ($4.8 billion).