Nintendo is set to announce its third-quarter results tomorrow and there’s a number of things to look out for. Market Watch says that they expect Nintendo to announce aa hefty 13% rise in net profit to 130.37 billion yen. Nintendo made previously made Y115.78 billion net. Here’s what Market Watch says to look for tomorrow:
- First-half operating-profit margin improved to 35.2% from 33.5% in the year-earlier period, as selling, general and administrative expenses rose more slowly than revenue. Investors are focusing on any further improvement in margins as businesses around the world deal with high inflation.
- The company has projected it will sell 185.0 million copies of Switch software and 15.0 million Switch consoles for the fiscal year ending March. Nintendo expected fiscal-year revenue to decrease 1.4% to Y1.580 trillion and net profit will decline 3.0% to Y420.00 billion. Investors are focusing on any changes to the annual sales and earnings forecasts the management may make following the holiday shopping season.
- First-half revenue from mobile and intellectual property-related income more than doubled to Y55.0 billion from Y23.5 billion in the year-earlier period, thanks partly to the success of “The Super Mario Bros. Movie” since its release in April. Investors are paying attention to the pace of growth in intellectual property revenue.
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