Nintendo Co., Ltd. (NTDOF) - OTCPK - Current
  • Wed, Mar. 23, 4:48 AM
    • Japanese newspaper Nikkei published a rumor this morning saying the console is going the way of the world, but Nintendo (OTCPK:NTDOY) has denied that report.
    • "This isn't an announcement from our company," a spokesperson told IT Media. "From the next quarter and thereafter as well, production is scheduled to continue."
    • The Wii U launched in November 2012 and has currently sold over 12M consoles across the globe.
    • Previously: Nintendo +5.8% as 'Mii too' smartphone entry takes off (Mar. 22 2016)
    | Wed, Mar. 23, 4:48 AM
  • Sep. 14, 2015, 9:02 AM
    • Nintendo (OTCPK:NTDOY, OTCPK:NTDOF) names Tatsumi Kimishima as its new CEO.
    • The former operations exec replaces Satoru Iwata who died in July.
    • Analysts call the pick a "safe choice" the company.
    | Sep. 14, 2015, 9:02 AM | 1 Comment
  • Jun. 18, 2015, 11:17 PM
    • Electronic Arts (NASDAQ:EA) grabbed the reins at the E3 gaming expo -- announcing three new Star Wars games, headlined by Star Wars: Battlefront, and pointing to its annual sports titles.
    • Positivity around Battlefront may be raising the company's fortunes as analysts raise sales estimates; Piper Jaffray's Michael Olson thinks EA could sell 9.5M units in its fiscal 2016. The game comes out Nov. 17 ahead of the Dec. 18 release of the seventh film, Star Wars: The Force Awakens.
    • EA shares rose 4% through the conference. Meanwhile, Activision Blizzard (NASDAQ:ATVI), which didn't hold a media event, fell 1%. For its part, it highlighted November's Call of Duty: Black Ops 3, the latest entry in that multibillion-dollar franchise, as well as the return of another franchise in Guitar Hero Live.
    • Activision also will be adding playable vehicles to its $3B toys-to-life franchise Skylanders.
    • Nintendo (OTCPK:NTDOY) -- with a fairly surprise-free lineup and no media briefing -- had a lackluster show, and shares fell 3.3% in the interim.
    | Jun. 18, 2015, 11:17 PM | 6 Comments
  • Jun. 16, 2015, 11:38 PM
    | Jun. 16, 2015, 11:38 PM | 1 Comment
  • Mar. 18, 2015, 6:23 AM
    • Japanese shares rose today after data showed exports rising at a faster-than-expected pace in February and Nintendo (OTCPK:NTDOY) jumped on its entrance to the smartphone gaming industry.
    • The Nikkei closed up 0.6% at 19,544 as Japanese exports grew for the sixth straight month, helped by a weaker exchange rate and strength in the U.S. economy.
    • Nintendo soared 21% to its daily limit of ¥17,080, after remaining untraded during trading hours as its buy orders outnumbered sales.
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    | Mar. 18, 2015, 6:23 AM | 2 Comments
  • Mar. 17, 2015, 6:20 AM
    • Dropping its long-standing aversion to mobile gaming, Nintendo (OTCPK:NTDOY) is teaming up with online gaming firm DeNA (OTC:DNACF) to develop games for smartphones based on its iconic game characters.
    • "This...doesn't mean smart devices will eat away at gaming consoles, it will create an entirely new type of demand," Nintendo President Satoru Iwata told reporters.
    • The two companies will buy ¥22B worth of shares in each other as part of the capital and product tie-up.
    | Mar. 17, 2015, 6:20 AM | 10 Comments
  • Feb. 6, 2015, 6:39 PM
    • The WSJ reports Netflix (NASDAQ:NFLX) is "working closely" with Nintendo (OTCPK:NTDOY) on developing a live-action series based on the cult Zelda game franchise, and seeking writers. A source says Netflix is pitching the series, whose development is still in its early stages, as a family-friendly Game of Thrones.
    • Netflix has promised to release 320 hours of original content this year - 3x as much as it released in 2014 - and has said it could launch as many as 20 original series' per year. A $1.5B debt offering meant to help finance Netflix's content spend was launched earlier this week.
    • A list of Netflix's original series'
    | Feb. 6, 2015, 6:39 PM | 7 Comments
  • Jan. 9, 2015, 5:32 PM
    • Citing sky-high import tariffs, Nintendo (OTCPK:NTDOY) will no longer sell hardware or software in Latin America's largest country (population of 200M).
    • Exec Bill van Zyll: "Brazil is an important market for Nintendo and home to many passionate fans ... But unfortunately, challenges in the local business environment have made our current distribution model unsustainable in the country."
    • The console/game vendor will "continue to monitor the environment in the country so that we can evaluate future opportunities." Rival Sony (NYSE:SNE) has also been hit hard by Brazilian tariffs: The PS4 cost $1,845 in Brazil when it went on sale in the country in 2013.
    | Jan. 9, 2015, 5:32 PM | 2 Comments
  • Jun. 6, 2014, 3:58 PM
    • Struggling to cope with soft Wii U sales, Nintendo (NTDOY) has decided to close its European HQ (based in Großostheim, Germany). 130 workers will be laid off, and Nintendo will now run its European ops out of its Frankfurt office.
    • The move comes after Nintendo reported a $229M net loss for the fiscal year ending March '14. Wii U sales totaled only 2.72M during the year (far below an initial forecast of 9M), and just 310K in the final quarter. By contrast, Sony sold 7M PS4 units in the console's first 5 months of availability.
    • Nonetheless, Nintendo forecasts a ¥40B ($390M) profit for the current fiscal year. Wii U sales are expected to total 3.6M, and 3DS sales12M.
    | Jun. 6, 2014, 3:58 PM
  • Jan. 17, 2014, 3:48 AM
    • Nintendo (NTDOF) has warned that it expects an operating loss of ¥35B ($336M) for the fiscal year through March instead of a profit of ¥100B, as the company had previously forecast. Analysts predict ¥54.7B.
    • Nintendo also projects a net loss of ¥25B vs a previous outlook for a profit of ¥55B, and it has cut its revenue estimate by 36% to ¥590B. The company will pay an FY dividend of ¥100 instead of ¥260.
    • Nintendo said the dramatic reversal was due to much lower-than-expected sales of its Wii U and 3DS games machines during the holiday season. That might have something to do with the success of Sony's (SNE) PlayStation 4 and Microsoft's (MSFT) Xbox One, both of which were launched in the run up to Christmas.
    • Nintendo now expects FY Wii U sales of 2.8M instead of 9M and 3DS sales of 13.5M vs 18M. The firm also cut its software outlook. (PR here and here.)
    | Jan. 17, 2014, 3:48 AM | 11 Comments
  • Jan. 7, 2014, 3:06 AM
    • China's State Council has temporarily lifted a 14-year old ban on the sale of foreign computer-gaming devices, opening the way for Microsoft (MSFT), Sony (SNE) and Nintendo (NTDOF) to enter a market that was worth almost $14B in 2013.
    • "Foreign-invested enterprises" will be allowed to sell machines made in Shanghai's new free trade zone.
    • However, Nintendo expressed skepticism at the ruling, saying it's not much different from when China's government said in September that it planned to relax the ban. "This just means one step of the process has been taken," Nintendo said.
    • Foreign consoles have long been sold illegally in China, although online PC gaming is more popular.
    | Jan. 7, 2014, 3:06 AM | 7 Comments
  • Dec. 3, 2013, 3:35 PM
    • Nintendo (NTDOY -3.9%) is on the cusp of another Wii U sales disappointment, Bloomberg reports.
    • In Oct., President Satoru Iwata stated the console and game maker would meet its forecast of ¥100B in profit and 9M Wii U units sold. Analysts have been skeptical, seeing ¥57B in profit and sales of 6.2M units instead.
    • Sparing no words, Wedbush's Michael Pachter said, "[Nintendo] steadfastly refuse[s] to consider that the product is not interesting to consumers ... They will fail to hit 9 million, and they will likely miss their profit goals."
    • In the first nine months of the year, the company sold only 850K units. Games sales are lagging as well, with 6.3M units sold in the same period vs. the company's annual forecast of 32M units. Nintendo already cut the price of the Wii U by $50 in an effort to bolster sales back in Aug.
    | Dec. 3, 2013, 3:35 PM | 1 Comment
  • Nov. 4, 2013, 12:17 PM
    • Nintendo (NTDOY +0.2%) will roll out a smaller version of its now-retired Wii console called the Wii Mini in the U.S. in the next 2 weeks. It will be priced at $99.99, and buyers will get a copy of Mario Kart Wii for free. The move comes before the important holiday season.
    • Previous: Nintendo jumps through window left by console lull before launches
    | Nov. 4, 2013, 12:17 PM
  • Oct. 21, 2013, 1:52 PM
    | Oct. 21, 2013, 1:52 PM
  • Oct. 18, 2013, 4:45 PM
    • Sept. sales results from NPD show that Nintendo (NTDOY.PK) has taken advantage of the lull before Sony and Microsoft debut next gen consoles next month. The 3DS was the top-selling device (handheld and console) for the 5th straight month while sales of the Wii U have tripled thanks to a price cut and the release of "Legend of Zelda: Wind Walker HD."
    • Although the spurt may be short-lived, the data demonstrates how different Nintendo's uptake pattern is to those of Sony and Microsoft. Rather than "the high impact splash and 'Day One' madness that Xbox and Playstation releases tend to generate, both the 3DS and Wii U have benefited from the long game, gaining sales over time through the release of high-profile exclusive software titles and strategic price cuts," GigaOM observes.
    • The niche strategy is high-risk, but also may help Nintendo carve a place for itself in a market where 2 other titans square off and counteract each other as almost perfect substitutes.
    • Nevertheless, shares of Nintendo are down 19% from highs notched in July after the company was skipped over for inclusion in the Nikkei 225, an event on which speculators had driven shares higher.
    | Oct. 18, 2013, 4:45 PM
  • Nov. 7, 2012, 4:01 AM

    A Chinese safety standards body has granted a certification of quality to Sony's (SNE) PlayStation 3, prompting speculation that China may overturn its ban of gaming consoles. However, consultant Lisa Hanson points out that any repeal is the purview of the Ministry of Culture, and even if the ban is ended, Sony, Microsoft (MSFT) and Nintendo (NTDOF.PK) would face huge competition from online and mobile games.

    | Nov. 7, 2012, 4:01 AM | 1 Comment
Company Description
Nintendo Co., Ltd. manufactures and markets home-use video games. The company also produces related software used in conjunction with its television-compatible entertainment systems. Nintendo diversifies its business by seeking to offer new applications of video game systems, such as e-mail... More
Sector: Technology
Industry: Electronic Equipment
Country: Japan