Nintendo Expected to Post Lower Second-Quarter Net Profit -- Earnings Preview

Dow Jones11-01 16:41

By Kosaku Narioka

Nintendo is scheduled to report its second-quarter results on Tuesday. Here's what you need to know:

NET PROFIT FORECAST: Nintendo is expected to post a 42% drop in net profit to 51.94 billion yen, equivalent to $341.6 million, for the three months ended Sept. 30, according to a poll of analysts by FactSet. That would compare with Y90.28 billion profit in the year-earlier period.

REVENUE FORECAST: Second-quarter revenue is estimated to have fallen 18% from a year earlier to Y273.33 billion, according to the FactSet poll.

WHAT TO WATCH:

--For the fiscal year ending March 2025, Nintendo has projected revenue will fall 19% to Y1.350 trillion and net profit will drop 39% to Y300.00 billion due to weaker Switch console and software sales. Investors will be closely watching any changes to the annual guidance management may make.

--First-quarter mobile and intellectual property-related income dropped 54% to Y14.7 billion from a high base due to the blockbuster success of "The Super Mario Bros. Movie" last year. Investors will be paying attention to any signs of a recovery in intellectual-property revenue as the company tries to diversify its income streams outside videogames.

--Operating-profit margin dropped to 22% in the first quarter from 40% a year earlier. Investors will be scrutinizing margin trends, as businesses globally deal with high inflation.

Write to Kosaku Narioka at kosaku.narioka@wsj.com

(END) Dow Jones Newswires

November 01, 2024 04:41 ET (08:41 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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That would compare with Y90.28 billion profit in the year-earlier period. \n</p>\n<pre>\n \n</pre>\n<p>\n  REVENUE FORECAST: Second-quarter revenue is estimated to have fallen 18% from a year earlier to Y273.33 billion, according to the FactSet poll. \n</p>\n<pre>\n \n</pre>\n<p>\n  WHAT TO WATCH: \n</p>\n<p>\n  --For the fiscal year ending March 2025, Nintendo has projected revenue will fall 19% to Y1.350 trillion and net profit will drop 39% to Y300.00 billion due to weaker Switch console and software sales. Investors will be closely watching any changes to the annual guidance management may make. \n</p>\n<p>\n  --First-quarter mobile and intellectual property-related income dropped 54% to Y14.7 billion from a high base due to the blockbuster success of \"The Super Mario Bros. Movie\" last year. 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Here's what you need to know: \n\n\n \n\n\n  NET PROFIT FORECAST: Nintendo is expected to post a 42% drop in...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"POST","symbol_name":"Post Holdings","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2480079684","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2480079684","pubTimestamp":1730450460,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Nintendo is scheduled to report its second-quarter results on Tuesday. Here's what you need to know:. 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