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Nintendo raises profit forecast

The Mario factory cites 'worldwide robust trends in sales' of DS portables and games as the reason for the upswing.

Yesterday, Enterbrain (the publisher of influential Japanese gaming mag Weekly Famitsu) revealed that the Wii console had outsold Sony's PlayStation 3 by more than two to one. Today Nintendo has even more good news as it bolsters its profit forecast for the fiscal year ending March 31, 2007.

The company has raised the forecast by 20 percent to 120 billion yen (approximately $1 billion), from its previous predictions of 100 billion yen ($839 million). Sales this year are now expected to reach 900 billion yen ($7.5 billion), compared with the previous forecast in October of 740 billion yen ($6.2 billion). Nintendo raised annual dividend forecasts for shareholders to 480 yen ($4) per share, from 400 ($3.4).

Nintendo also raised sales forecasts for all hardware and software products except the Wii, which remained static at 6 million units worldwide by March 2007. Wii software sales were raised to an expected 21 million units from 17 million, Nintendo DS and DS Lite sales went up to 23 million units from 20 million, and DS software titles jumped from 82 million to 100 million units.

Nintendo shares rose 2.4 percent to 29,150 yen ($245) at today's close of the Nikkei, the Tokyo Stock Exchange. The price of Nintendo's stock more than doubled over the course of last year.

128 Comments

  • RaiKageRyu

    Posted Jan 15, 2007 6:15 pm GMT

    Wii wiil Wiin!

  • cjcr_alexandru

    Posted Jan 13, 2007 8:11 am GMT

    "DS software titles jumped from 82 million to 100 million units."

    100 million units of DS software? That's impressive.

  • CT-Link

    Posted Jan 11, 2007 10:43 am GMT

    Stupid stock markets...

  • makemeweak

    Posted Jan 11, 2007 10:04 am GMT

    Wow a 20% increase is HUGE. I wish I had purchased Nintendo stock last year...

  • Staryoshi87

    Posted Jan 11, 2007 9:27 am GMT

    Go Capitalism! Go Nintendo!

  • ChitoKiryoku

    Posted Jan 11, 2007 8:55 am GMT

    @ v_di_g: I agree, man I really wish I'd have gotten in on all that money...

  • eggsiboss

    Posted Jan 11, 2007 6:08 am GMT

    2 to 1!! well good!

  • v_di_g

    Posted Jan 11, 2007 5:55 am GMT

    The stock doubled over the last year? $$$&@^! I should have bought some stock when I heard about the Wii's name around a year ago.

    I always have good hunches about stocks, since I am personally watching demand from the consumers' perspective. I just don't have many hunches

    I'm not sure if investing now is such a good idea. No one knows how long the demand will last.

  • LosDaddie

    Posted Jan 11, 2007 5:35 am GMT

    I'm so happy for Nintendo!

    Go, Wii60!!

  • PixyMisao

    Posted Jan 11, 2007 4:21 am GMT

    They could probably raise their forecast for the Wii as well since they've already sold 4 out of the 6 million consoles... provided of course that the shortages are minimized.

  • Lord_Regnier

    Posted Jan 11, 2007 4:05 am GMT

    Brilliant news!

  • kavadias1981

    Posted Jan 11, 2007 12:02 am GMT

    I really must put some shares into Nintendo.

  • Chief_Kuuni

    Posted Jan 10, 2007 11:48 pm GMT

    that's awesome, I'm a nintendo fan, still need to get a wii and a ds though, I'm slacking

  • cancer_777

    Posted Jan 10, 2007 11:22 pm GMT

    Great news because this means more money for their game developing. Cant wait for a Zelda sepecifically designed for the Wii.

  • VengenceZero

    Posted Jan 10, 2007 10:35 pm GMT

    go big N!

  • giantjaz

    Posted Jan 10, 2007 9:38 pm GMT

    this is all good news, with nintendo doing so well, maybe it means that the Wii won't go out like the gamcube. all i ask is that it gets continual support by first and third party developers.

  • Suffere

    Posted Jan 10, 2007 8:43 pm GMT

    YEAH NINTENDO!!! WOOT

  • James_Raynor

    Posted Jan 10, 2007 8:08 pm GMT

    thats its nintendo keep going lets kick some ases

  • xeidog69

    Posted Jan 10, 2007 7:36 pm GMT

    I only wish I had invested in nintendo two years ago like I had planned, I would be feeling much better now, still good to know they r doing terrific regardless...

  • cobrax80

    Posted Jan 10, 2007 7:25 pm GMT

    no surprise here

  • grenadier53

    Posted Jan 10, 2007 7:17 pm GMT

    Great! Good news!

  • getoconnection

    Posted Jan 10, 2007 7:14 pm GMT

    http://i102.photobucket.com/albums/m114/kracher/wii.jpg

    And the pics to prove it!!!

  • getoconnection

    Posted Jan 10, 2007 7:10 pm GMT

    One poster’s assessment of the DS over at 1up.


    "the ds prints money!!"
    Author: krazykachar2, 01/10/2007 01:10 PM PST Couldn't agree with him more!

  • andrewlkt

    Posted Jan 10, 2007 6:52 pm GMT

    Uh, icetrey33, successful companies can still be bought out or merge. See Exxon-Mobil.

  • icetrey33

    Posted Jan 10, 2007 6:32 pm GMT

    Where is all the talk about Nintendo being bought out or merging? Hahaha

  • mhder

    Posted Jan 10, 2007 6:10 pm GMT

    Finally, Innovation being rewarded.

  • getoconnection

    Posted Jan 10, 2007 6:05 pm GMT

    DS---PROVEN FRANCHIES, TIME TESTED GAME PLAY= PWNAGE TO ALL.

  • Gmacrusher

    Posted Jan 10, 2007 5:52 pm GMT

    Come on if you didn't know this was going to happen...now you know nothing about games...only if you didn't see this coming!

  • TryMe01

    Posted Jan 10, 2007 3:43 pm GMT

    The company has raised the forecast by 20 percent to 120 billion yen approximately $1 billion in profit!!!

    i knew the DS was a money machine and now the Wii also joins in the fun
    i wonder if MS and Sony can say the same about their gaming depertments? i think not

  • meimnobody

    Posted Jan 10, 2007 3:38 pm GMT

    An increase of 18 million DS games in two months time with the wii game sales increasing by four million.

    That is pretty incredible. The PS3 is unlikely to sell two million games at the end of March from the look of things.

    PS3 game sales are in the crapper. Wii sports may account for a million game sales of that forecast from the looks of how many copies are being sold in Japan. Wii play worldwide might account for a few million as well. Yes people wii sports is sold seperatly in Japan and nearly every wii owner buys it.

  • theKSMM

    Posted Jan 10, 2007 3:35 pm GMT

    I won't go so far as to say that this is good news for the world of gaming, but it sure is good news for Nintendo. They took big risks with the unconventional designs of the DS and the Wii, so they deserve to reap the big rewards that come along with them.

    Of course, it's still too early to predict the market share leader for this round of gaming (I refuse to think of them as a "winner" and two "losers"). When all three consoles are widely available in stock at most retail stores, then we'll see which team is generating interest, and most importantly, selling games. Remember, it is still all about the games...

  • h4xx0rz

    Posted Jan 10, 2007 3:32 pm GMT

    LoWpS: brownies rock.

    I agree. He certainly deserves a brownie.

  • PuffstaJones

    Posted Jan 10, 2007 3:30 pm GMT

    well good for nintendo, there one of the few companies i respect.

  • Gamepro2421

    Posted Jan 10, 2007 3:30 pm GMT

    does it make anyone else mad that Nintendo is making all this money intstead of making its products cheaper? maybe sell first party Wii games for only $40 or something...or maybe not charge us over $180 to get enough controllers to play their games with four of our friends...

  • relmadrid84

    Posted Jan 10, 2007 3:19 pm GMT

    no one should be suprised they new nintendo was going to go up way up higher than any console!

    GO Wii!! NINTENDO WOOT!

  • lord_mordain

    Posted Jan 10, 2007 3:14 pm GMT

    heh, damn, wish I had money to invest a year ago, cause I knew Nintendo was going to go up.

    So, since I am aparently all knowing, here's another tip...

    SELL ALL YOUR SONY STOCK!!! THE PS3 = TITANIC!!!

    lol

  • foola12

    Posted Jan 10, 2007 2:55 pm GMT

    GO NINTENDO!!! GO WII!! AND DS TO!!

  • anamnawshad

    Posted Jan 10, 2007 2:44 pm GMT

    Damn! Ninty owns!!

  • shizwill03

    Posted Jan 10, 2007 2:40 pm GMT

    This is so obvious news. But still GO NINTENDO!

  • hepcat00

    Posted Jan 10, 2007 2:39 pm GMT

    yay for my Nintendo stock!!!!! (NTDOY)

    of course, I already spent my dividend/earnings on my new wii, 3 extra wiimotes and 1 extra nunchuck, and a copy of Zelda: TP; but still, go Nintendo!!!

  • comthitnuong

    Posted Jan 10, 2007 2:33 pm GMT

    im not suprised. things are looking really up for nintendo

  • LoWpS

    Posted Jan 10, 2007 2:24 pm GMT

    holy crap they keep raising it... DS is selling like water to men on fire. Miyamoto needs to get at least a couple trophies for it. or maybe some brownies. brownies rock.

  • joehex311

    Posted Jan 10, 2007 2:24 pm GMT

    gamenux
    I am not surprise. Since they did charge an extra $50 on their Wii.

    What makes you think that $50 is extra? Unless the information I heard was wrong, nintendo is making about $41 in profit on a wii. And being that they are not nearly as big as microsoft or sony, they a reasonable profit margin to stay afloat

  • shockwave04

    Posted Jan 10, 2007 2:23 pm GMT

    Go nintendo. The more money Nintendo gets the better the gaming industry is.

  • Sephiroth-X

    Posted Jan 10, 2007 2:16 pm GMT

    Awesome news. Keep it up Nintendo.

  • okassar

    Posted Jan 10, 2007 2:05 pm GMT

    DS Lite is Nintendo's most successful system ever.

  • magnolio369

    Posted Jan 10, 2007 1:51 pm GMT

    "http://www.newyorker.com/talk/content/articles/061204ta_talk_surowiecki

    There is a great article by the New Yorker about Nintendo crushing their supposed market leaders, Microsoft and Sony, all while being in third place."

    pencilpusher69 i agree with that article SO much, i've always said nintendo are the best because they focous on gaming not multimedia!

  • Radiozo

    Posted Jan 10, 2007 1:49 pm GMT

    Im not a fanboy or anything. I got all 3 of the next gen consoles. I hope Sony, MS and Nintendo all profit so they can continue to deliver great entertainment. Competition is good. It makes for better games on all consoles.

  • pencilpusher69

    Posted Jan 10, 2007 1:32 pm GMT

    Ibacai
    "I find it funny that people praise Nintendo for making money while Sony/Microsoft gets blasted for even hinting about it. Nintendo makes a profit off of the Wii and people love them and Sony loses around $200 per system with people cursing them. I find it humorous."

    What people are blasting are business plans that have no plan to turn a profit worked in. Microsoft saying they "may" make a profit in the year 2008, and Sony not knowing if they will ever turn a profit in this latest gen, are hardly things to thump your chest about.

    When it comes to profits, both Xbox and Playstation divisions of their respective companies are a joke.

    http://www.newyorker.com/talk/content/articles/061204ta_talk_surowiecki

    There is a great article by the New Yorker about Nintendo crushing their supposed market leaders, Microsoft and Sony, all while being in third place.

  • Pajuan

    Posted Jan 10, 2007 1:28 pm GMT

    And I'm not kidding, I have about $ 10K that I would like to invest in some profitable business like it seems the Big N is right now.

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