Company Overview of Nintendo Co., Ltd.
Nintendo Co., Ltd., together with its subsidiaries, develops, manufactures, and sells electronic entertainment products in Japan, the United States, Europe, Australia, Asia, and internationally. It provides video game platforms, playing cards, Karuta, and other products; and handheld and home console hardware and related software. The company was formerly known as Nintendo Playing Card Co., Ltd. and changed its name to Nintendo Co., Ltd. in 1963. Nintendo Co., Ltd. was founded in 1889 and is based in Kyoto, Japan.
Founded in 1889
Key Executives for Nintendo Co., Ltd.
President & Representative Director
Total Annual Compensation: ¥107.0M
Compensation as of Fiscal Year 2017.
Nintendo Co., Ltd. Key Developments
Nintendo Faces an Infringement Lawsuit
Aug 11 17
Nintendo faces an infringement lawsuit that says the controllers for its new Switch console infringe on a proprietary design owned by another company. Gamevice, said Nintendo's controllers violate a patent it holds. In a complaint, Gamevice seeks damages and demands that Nintendo stop making and selling the Switch consoles. The lawsuit says the design of the Switch infringes on the patent for the plaintiffs' device, also called the Gamevice. Each employs two controllers that attach and detach from a tablet computer, allowing gamers to use traditional buttons and joysticks to control play instead of using the device's touchscreen.
Nintendo Co. Reports Earnings Results for the First Quarter Ended June 2017; Reaffirms Earnings Guidance for the Year Ending March 2018
Jul 26 17
Nintendo Co. reported earnings results for the first quarter ended June 2017. For the quarter, the company reported profit of JPY 21.26 billion, improving from a JPY 24.53 billion loss for the three months through June 30 last year. Quarterly sales more than doubled to JPY 154.1 billion from JPY 62 billion the previous year. Operating profit came to JPY 16.21 billion, a jump from an operating loss of JPY 5.1 billion.
The company unchanged its full year forecast through March 2018, for a JPY 45 billion net profit on JPY 750 billion sales and operating profit of JPY 65 billion.
Nintendo Co., Ltd. announces ARMS Game Now Available for Nintendo Switch
Jun 16 17
Nintendo Co., Ltd. announced that, ARMS – highlighted by two popular Global Testpunch events and a live-streamed tournament this week at the E3 video game conference – Nintendo’s unique new fighting game is now available in stores and in Nintendo eShop on the Nintendo Switch console. Since being revealed back in January, the fast-paced game starring fighters with extendable Arms has gained quite the following, with fans all over the world already debating their favorite characters and actively participating in the recent Global Testpunch demos to get a taste of what the game has to offer. And now the moment is here! The ARMS game is now available for everyone, even those with regular-sized arms, to enjoy. ARMS is easy to pick up and play, but it has an incredible amount of depth for advanced players. In the game, players select one of 10 fighters with big personalities and even bigger Arms to battle other players in dynamic arenas. To add strategy to the battles, players can select two different Arms (one for the right and one for the left), each with unique specialties and abilities. Using the motion controls of the Nintendo Switch Joy-Con controllers, players can throw a punch with a flick forward, move around the stage by tilting the controllers in the desired direction or even execute a powerful throw by moving both hands forward at the same time. The controls are intuitive, engaging and easy for players of any age to learn. Players can even use the Joy-Con attached to the Joy-Con Grip or the Nintendo Switch Pro Controller (sold separately) for a more traditional experience. In addition to one-on-one fighting matches that can be played locally or online (Nintendo Account required, online services and features, including online gameplay, are free until the paid Nintendo Switch Online Service launches in 2018), ARMS is overflowing with multiple fun modes that stretch the limits of game-play options. In Team Fight, two players are tethered together and must team up to battle another team of two. Similar to volleyball, V-Ball is a mode that involves knocking an explosive ball into the opponent’s court. Hoops lets opponents shoot each other into a basketball net (or even dunk them for extra satisfaction). Several more modes are also available in the game, many of which can be played online. And using the versatility of Nintendo Switch, ARMS can be played at home or on the go. ARMS also will get continual support beyond the game’s launch, adding on even more fighters, stages and Arms at no
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