News: Nintendo Sees Net Income Double
Posted 06 Apr 2005 at 13:04 by Ashley Jones
For the fiscal year ending March 31st Nintendo have reported that their full-year net income has more than doubled from the previous year.
Nintendo have reported that their net income was 82 billion yen, compared to 33.2 billion yen from the previous year. This exceeds Nintendo's previous forecast of a 70 billion yen profit.
Nintendo also plans to pay an annual dividend of 270 yen. This will be a record high, and the first increase for the company since 2001. Compare this to last year's 140 yen a share and you can see how things are looking up for Nintendo.
Finally, Nintendo also saw a 3.6 percent growth in their shares on the Osaka Securities Exchange. It seems that Nintendo are having a good time financially, but it is probably in large due to the DS. It will be interesting to see how things compare next year.