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Nov 25, 2005, 10:05 PM
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Nintendo Quarter 2 2005 Results
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Nintendo lost 21 percent in the company's fiscal first half because of slumping sales of consoles and game software. Its group net profit for the six months ended Sept. 30 dipped to 36.6 billion yen ($308 million) from 46.45 billion yen a year earlier. Sales dropped 6 percent to 176.4 billion yen ($1.5 billion) from 188 billion yen. Breakdowns for numbers by quarter weren't available. Nintendo forecast a 75 billion yen ($632 million) profit for the full year ending March 31, 2006, on 500 billion yen ($4.2 billion) sales.
The company said its GameCube console sales in North America came to
630,000 for the half, down 36 percent on year, as buyers held off ahead
of the introduction of next-generation consoles. Nintendo also cited
higher research and development costs for the Revolution as well as
game software for Nintendo DS, a portable machine with two screens, as
taking their toll on earnings. The company said such costs came to 14.8
billion yen ($125 million) in the first half, up 36 percent on year.
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