Bloomberg predicts 18.7 billion yen loss for Nintendo fiscal year, analysts doubt Iwata's goal

- second straight annual loss to be announced
- losing 18.7 billion yen in the 12 months ended March 31
- this information is according to the average of 15 estimates compiled by Bloomberg
- may post operating income of 70 billion-yen
- this is according to the average of 19 estimates

“Iwata hasn’t produced good results in recent years. He can’t avoid being criticized.” - Hideki Yasuda, a Tokyo-based analyst at Ace Securities Co.

- only 4 of 20 analysts tracked by Bloomberg recommend buying Nintendo shares
- 13 recommend holding them and 3 recommend investors sell
- Nintendo rose 0.8 percent to 11,630 yen yesterday
- Nintendo has gained 27 percent this year

“I don’t think Nintendo can achieve 100 billion yen (for the new fiscal year). It’s hard for Nintendo to meet the target despite the weak yen’s tailwind.” - Yoshikazu Shimada, an analyst at Tachibana Securities Co.

“He has been one step behind in some strategic points. Contents are important to increase game fans. But Nintendo couldn’t provide game titles.” - Eiji Maeda, an analyst at SMBC Nikko Securities Inc.

- may have sold 3.5 million Wii Us last financial year
- may sell 9 million units this fiscal year
- could post a net income of 14 billion yen tomorrow

“Nintendo can achieve the target if it can release the game softwares as planned.” -Yasuda at Ace Securities

Thanks to NintenDaan for the heads up!
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