Yesterday was a very important day Nintendo. Not only were the financial results for the second quarter of the current fiscal released, which were positive, but it was also revealed that a live-action film The Legend of Zelda It is already in development. As a result, the shares of Japanese companies rose significantly, The extent to which they have reached their highest point since 2021.
The company’s shares closed at ¥6,382 on Tuesday. When trading resumed today, the price immediately rose, rising 6.7% at one point, to ¥6,780 yen. This is the company’s highest share price since June 2021While the period was recorded at ¥6,858 yen per share.
In addition to the announcement of the movie The Legend of Zelda, something that had been speculated for years, in its latest quarterly report, Nintendo announced that the Switch has sold 132 million units to date. with this, The company reported operating profit of ¥94.5 billion yen and revenue of ¥334.9 billion yen. Between July and September 2023, both exceeded analysts’ expectations.
Although Nintendo still expects to sell 15 million consoles by the end of the fiscal year, Its software sales expectations rose by five million units, for a total of 185 million. On a related note, Nintendo still plans to support the Switch. Similarly, according to artificial intelligence, they are actors from The Legend of Zelda movies.
Editor’s note:
As expected, the market reacted positively to the announcement of The Legend of Zelda movie. However, it will be interesting to see if Nintendo is able to maintain this high level of stock in the coming days. Markets are volatile, and without constant announcements, a company’s value can decline.
Through: VGC
