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Nintendo Lowers 2003/2004 Profit Outlook
04.01.04 - 10:26 AM
Nintendo has announced an updated financial forecast for its fiscal year 2003/2004, which ended yesterday. Due to high-valued yen, the company's loss on curreny exchange has more than doubled, to reach a total of 68 billion yen ($651.53 million US). According to figures released today, this will result in a projected net profit of 33 billion yen ($316.18 million US), or a decline of 38.9% decline compared to previous estimates. In line with expections, Nintendo still expects sales of 510 billion yen ($4.89 billion US) for the full fiscal year.
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