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Nintendo Co Ltd (7974.T)

7974.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Nintendo raises Switch sales forecast to 14 mln units this FY
Monday, 30 Oct 2017 

Oct 30 (Reuters) - Nintendo Co Ltd <7974.T>::Nintendo raises FY2017 Switch sales forecast to 14 million units from 10 million units.  Full Article

Nintendo plans to adopt cartridges for its next-generation videogame console- WSJ
Friday, 2 Sep 2016 

:Nintendo co plans to adopt cartridges for its next-generation videogame console NX - WSJ, citing sources.  Full Article

Nintendo says subsidization of JESNET and the acceptance of assignment of business from AJIOKA
Thursday, 25 Aug 2016 

Nintendo Co Ltd <7974.T> : Says it plans to buy 60,401 shares (70 percent stake) in JESNET Co. Ltd. for 4,680 million yen, and will hold a 70 percent stake in JESNET after transaction . Acquisition effective on April 3, 2017 .Says on the same day (April 3, 2017 ) as JESNET becomes a subsidiary of Nintendo, JESNET will accept the assignment of the video game wholesale business from AJIOKA Co., Ltd.  Full Article

Nintendo says notice regarding sale of portion of ownership in entity which operates Seattle Mariners at $661 mln
Tuesday, 23 Aug 2016 

Nintendo Co Ltd <7974.T>: Says its wholly owned subsidiary, Nintendo of America Inc., had started negotiations to sell a portion of its ownership in First Avenue Entertainment LLLP, which operates the Seattle Mariners Major League Baseball team . Says the sale has officially been closed following approval by the Major League Baseball organization .Says the sales amount is $661 million.  Full Article

MLB finalizes Seattle Mariners ownership transition
Friday, 19 Aug 2016 

Nintendo: Approved sale of majority of Nintendo Of America's interest in Seattle Mariners to other members of current ownership group . Final financial terms were not disclosed . Financial impact of sale to Nintendo will be incorporated into Nintendo Co Ltd's next quarterly financial report . John Stanton assumes role as chairman and CEO of Seattle Mariners . Nintendo of America will retain 10 pct stake in team, regional sports network, remainder sold to members of First Avenue Entertainment LLLP . As part of sale, current CEO of Seattle Mariners, Howard Lincoln has retired . Lincoln will continue on as a member of FAE board of directors, representing Nintendo's ownership interests .Major League Baseball has approved sale of a majority of Nintendo of America's interest in Seattle Mariners.  Full Article

Nintendo lowers consolidated full-year outlook for FY 2016
Friday, 26 Feb 2016 

Nintendo Co Ltd:Says the company lowered the consolidated full-year outlook for revenue to 500,000 million yen from 570,000 million yen for FY ending March 2016.Sees a decrease of operating profit forecast to 33,000 million yen from 50,000 million yen.Sees a decrease of ordinary profit forecast to 25,000 million yen from 55,000 million yen.Sees a decrease of net profit forecast to 17,000 million yen from 35,000 million yen.Sees a decrease of earnings per share to 141.52 yen from 291.35 yen.FY 2016 revenues of 545.09 billion yen, net income of 36.87 billion yen – Thomson Reuters I/B/E/S.Comments the strong yen and sale performance are the main reasons for the forecast.  Full Article

Pokemon Go's Niantic taps 'Harry Potter' magic for new AR game

LOS ANGELES, Nov 8 Fantastic beasts, wizard adventures and magic spells will come to life in a new "Harry Potter" augmented reality mobile game from Pokemon Go developer Niantic Inc and Warner Bros Interactive Entertainment, the companies said on Wednesday.