Nintendo 1Q Operating Income Surges 82% Y/Y, Beating Expectations with Record Net Sales and Profits

• Nintendo reported 185.44 billion yen in operating income, 82% higher than estimates.
• Net income was 181.02 billion yen, 52% higher than estimates.
• Net sales were 461.34 billion yen, 50% higher than estimates.
• For 2024, Nintendo forecast 450 billion yen in operating income, 340 billion yen in net income, 1.45 trillion yen in net sales, and 147 yen in dividend.
• Of the 25 analysts covering Nintendo, 13 recommend buying the stock, 9 recommend holding, and 3 recommend selling.

Analyst Recommendations:

A look at Nintendo Smart Scores

Nintendo is a global leader in the home entertainment business, producing home-use video game hardware and software as well as cards. The company’s long-term outlook is looking positive, with a Smartkarma Smart Score of 5 for Resilience and Momentum. This high score reflects the company’s strong financial performance and ability to remain competitive in the industry. Additionally, Nintendo‘s score of 4 for Dividend and Growth indicates that the company is well-positioned to reward shareholders with dividends and offer attractive investment opportunities.

Overall, Nintendo‘s Smartkarma Smart Scores demonstrate that the company is in a strong position to continue to be a leader in the home entertainment business. With a resilient financial position and strong momentum, Nintendo looks set to continue its success into the future.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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