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Earnings Analysis: 
Nintendo Net Down 18%
Author: Trupti Mehta
123jump.com
Last Update: 6:24 AM ET May 06 2010


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Nintendo Co., Ltd 2009 sales fell 22% to ¥1.43 trillion and net profit fell 18% to ¥228.6 billion or ¥1,787.84 a share.

 
7:25 PM Tokyo, Japan - Nintendo Co., Ltd sales fell 22% and net profit fell 18%.

Nintendo Co., Ltd, the video game maker said 2009 sales fell 22% to ¥1.43 trillion from ¥1.84 trillion a year ago. Net profit in the year fell 18% to ¥228.6 billion or ¥1,787.84 per diluted share compared to net profit of ¥279.1 billion or ¥2,182.32 per share a year ago.

Nintendo Co., Ltd, in the last one year traded as high as ¥32,950.00 in April 2010 and as low as ¥20,130.00 in December 2009. Based on the yesterday’s closing price of ¥30,650.00 the company has market cap of ¥3.92 trillion.
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