Nintendo shares are high for the first time in a month, operating profit for the first time in 12 years due to the effect of “Atsumori” –Bloomberg

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Nintendo shares have the highest price in a month. On the 5th, the consolidated operating income forecast for the current fiscal year (ending March 2021) (previous forecast of 300 billion yen) was revised up to 450 billion yen. It will be the highest level in 12 years since the fiscal year ending March 2009. Strong worldwide sales of the home-use game machine “Switch” will contribute.

In the transaction on the 6th, the share price rose 4.1% from the previous day to 60,290 yen, recovering the level of 60,000 yen, the highest since October 2. The rate of increase during the day has been since August 24 (5%).

The success of “Atsumare Animal Forest”, which sold 14.27 million units (a total of 26.04 million units) in the April-September period, boosted switch sales and profits increased from the expected decline. However, the operating income forecast is below the market forecast of 480.3 billion yen on average.

Eiji Maeda, an analyst at SMBC Nikko Securities, said in a report on the 5th that the operating income forecast appears to reflect only the hike in the first half, and that “there is room for more hike.” Kota Ezawa, an analyst at Citi Group Securities, also believes that there is a high possibility that it will be revised up again after the year-end selling season, and that it is likely to hit the 500 billion yen level.

The sales target for switches has been revised up to 24 million units (previously 19 million units) and software has been raised to 170 million units (140 million units). Furthermore, based on the revision of the corporate forecast, the annual dividend forecast for this period has been raised to 1,260 yen per share, 420 yen more than the previous forecast.

As the spread of the new corona virus continues for a long time, the demand for home nesting games has been a tailwind for change. On the official website, etc., the gaming machine was temporarily out of stock.

President Shuntaro Furukawa told a press conference on the 5th that switch production had recovered since the summer and that “there is currently no problem with production.” Production has started in Malaysia as well as China and Vietnam starting this summer, emphasizing that “the stock is ready to achieve the sales plan in the year-end sales season.”

Sony to launch next-gen jets on the 12th for the year-end sales seasonThe PlayStation 5 and Microsoft will also launch new Xbox series models on the 10th. Competition with the Switch, which has been on sale for more than three and a half years since its launch in March 2017, will intensify.

Nintendo’s consolidated operating income from July to September increased 2.2 times year-on-year to 146.7 billion yen, beating the market forecast of 96.2 billion yen. Total switchgear sales in the quarter increased 43% year-over-year to 6.85 million units.