It is not often when a flagging economy can spun as a positive. However companies like Nintendo, a heavy exporter, says that Japanese yen proves very efficient for the better exchange-rate return on the systems sold overseas. Nintendo said that they have moved up in full year revenue and income projection. It seem that Nintendo is looking forward to do more business in Japan, as they are profiting more in Japan than in US and UK. Now more Wii Fit trackers will launch in Japan for the increase in sales of Nintendo Wii Fit.
For six months ending September 30, Nintendo now expects a net income of ¥165 billion ($1.5 billion) on revenues of¥830 billion ($7.6 billion), a respective increase of 32 percent and 9.2 percent over previous projections. For Nintendo’s full successful year ending March 31, 2009, Nintendo now expect revenues to reach to¥2 trillion ($18 billion), an 11.1 percent rise over its previous estimated profit. Year end profits are expected to see a similar hike, Wii fit trackers are receiving the same response, jumping 26.2 percent over the Nintendo’s previous forecast to ¥410 billion ($3.8 billion).
Nintendo’s new estimates are based on assumed average exchange rates of ¥105 per us dollar (compared to ¥100 previously) and ¥160 per euro (up from ¥155). As of press time, current exchange rates stand at ¥108 per dollar and ¥159 per euro. As per the industry-tracking NPD group’s July report, Nintendo once again took first and second place in hard ware sales in the US, with the Wii’s 555,000 units and DS’s 608,000 units leading the month’s 17 percent year-over-year hardware-sales growth. Nintendo Wii is not only gaining popularity but Wii fit tracker sites are also coming more in use simultaneously.
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