Visit to Nintendo HQ

Last week I visited Ninteno's HQ just outside Kyoto. The guys there are generally positive, (as you would expect from such a dominant company), however the strong Yen is hurting them;


Nintendo profit down 60.6 percent in April-June
TOKYO (AP) -- Nintendo Co. reports that its net profit tumbled 60.6 percent in the April-June quarter from last year, hurt by a stronger yen and fewer blockbuster games. The Kyoto-based maker of Pokemon and Super Mario games posted net profit of 42.3 billion yen ($445.2 million), down from 107.3 billion yen during the same period a year earlier. Sales declined 40 percent to 253.5 billion yen, while operating profit - a measure of its core business - fell 66 percent to 40.4 billion yen. It left its forecasts unchanged for the full year through March 2010. It continues to expects net profit of 300 billion yen on 1.8 trillion yen in sales.