About: http://data.cimple.eu/news-article/726c981ac9b0aba0f9cc323dbac8537916d336883f1018f379c91a9a

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About: http://data.cimple.eu/news-article/726c981ac9b0aba0f9cc323dbac8537916d336883f1018f379c91a9a Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	Nintendo reported a record annual profit Thursday after virus lockdowns caused sales of its blockbuster Switch console to soar, but the Japanese gaming giant warned that its bumper pandemic year would be hard to repeat. The firm said net profit jumped 85.7 percent from a year earlier to 480.4 billion yen ($4.4 billion) for the fiscal year to March -- beating its prediction of earnings of 400 billion yen. It broke its previous profit record set in 2008-09, when it was generating massive revenue driven by the success of its Wii and DS consoles. Sales for the previous fiscal year surged 34.4 percent to 1.76 trillion yen on the strong results, including the runaway success of its Switch console and the game "Animal Crossing", which became a virus lockdown hit. While fresh waves of infections have dashed economic recovery hopes in many industries, successive rounds of restrictions have helped extend a run of good fortune for gaming companies. But Nintendo forecast a tougher outlook for the current 2021-22 fiscal year, projecting net profit at 340 billion yen on sales of 1.6 trillion yen. "Regarding the risk associated with Covid-19... the supply of products might be affected if production and shipments are hindered," Nintendo said in a statement. "Other risk factors which are difficult to predict also continue to exist, involving areas such as development and marketing of products and services," it said. The lower target also comes as the Switch, launched in 2017, enters its crucial fifth year. In the past, Nintendo's new console sales have tended to peak in the third year after release, and then taper off. si/kaf/jfx
schema:headline	Nintendo logs record pandemic profit but outlook cautious
schema:mentions	Wii USA Gymnastics Nintendo Japan Lockdown Pandemic Virus Coronavirus disease 2019 Nintendo DS Animal Crossing DASHED Microsoft Outlook Japanese yen
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-05-06 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	62 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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