Fiscal year
Business Concept
Nintendo president: 'The Wii has stalled'...top-selling Wii console has struggled in 2009. Nintendo said Thursday that sales fell 34.5 percent to 548 billion yen (US$6.09 billion) during the first half of its fiscal year. Nintendo's slipping performance has not gone unnoticed... In this article: Nintendo, Wii, IBM, Fiscal year, Zdnet News, GameSpot, CNET News, and Japan |
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The Seattle Times | October 30, 2009
Nintendo results hurt by waning Wii sales
...current fiscal year "a bit of a filler year." Nintendo also lowered its sales forecast for the fiscal year through March 2010 to $16.7 billion from $20 billion, blaming the Wii price cut. Nintendo, which did not break down quarterly...
In this article: Nintendo, Wii, Xbox 360, Super Mario, PlayStation 3, Microsoft, Pokemon, Enterbrain, and Tokyo
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The State | October 29, 2009
Nintendo's profit dives as Wii demand dwindles
...a new handheld turning up." Nintendo also lowered its sales forecast for the fiscal year through March 2010 to 1.5 trillion yen ($16.7 billion) from 1.8 trillion yen ($20 billion), blaming the Wii price cut. In lowering its outlook,...
In this article: Nintendo Co., Wii, Xbox 360, Tokyo, PlayStation 3, Microsoft, Super Mario, Enterbrain, and Sony
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BusinessWeek Online | October 30, 2009
Can Nintendo Rebuild?
...ending Sept. 30. Nintendo also revised downward its forecasts for the fiscal year ending March 2010, saying it expects to sell fewer Wii living-room consoles and game software this year than it had previously thought. A day later, Nintendo...
In this article: Nintendo, Wii, Revenue, Sony, Microsoft, Zelda series, Mario series, and Wii Sports Resort
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Digital Trends | October 29, 2009
Nintendo Wii Sales Sink, Gamers Want Better Games
...and sales of DS titles fell 16% to 71.1 million units. Nintendo is already warning that it expects to end its fiscal year in March of 2010 with sales and profits both down from 2008. Nintendo expects overall sales of AYEN1.5 trillion and...
In this article: Wii, Nintendo, PS3, PC World, Twitter, Facebook, Xbox 360, Iphone, and Nintendo DS
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I4U News | October 29, 2009
Nintendo Profit Way Down, Is the Wii Run Over?
...down 52% compared to last year according to the WSJ. Nintendo lowered also the forecast for the full fiscal year to 230 billion Yen profit compared to 300 billion yen forecasted earlier. Nintendo blames the strong yen and the recent Wii...
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VentureBeat | October 29, 2009
Is Nintendo's new DSi enough to stave off the iPhone and PSPgo?
...changed its forecast for DS sales in its current fiscal year. Before, it expected to sell 30 million units in the fiscal year ending March 31, and now it still expects that. Meanwhile, Apple is closing in with nearly 60 million sold in two...
In this article: Nintendo, Iphone, Apple, IPod, Twitter, San Jose Mercury News, Dallas Times Herald, and Los Angeles Times
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WSJ.com: Markets | October 30, 2009
Sony Posts Loss, Boosts Outlook
...demand for its memory-chips and better results in flat-panel TVs. Japanese television maker Panasonic Corp. narrowed its project loss for the fiscal year ending in March. But Sony faces tough price competition for key products like...
In this article: Sony, Panasonic Corp., Nintendo Co., PlayStation 3, Revenue, Thomson Reuters, Wii, and All rights reserved
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Gamespot | October 29, 2009
Square Enix lowers fiscal-year expectations
...projections downward by YEN5 billion ($55 million). The downgrade was blamed on a variety of factors from the first half of the company's fiscal year (April-September), among them expenses associated with the company's purchase of Eidos, as...
In this article: Square Enix, Nintendo, PlayStation 3, Revenue, Final Fantasy XIII, Dragon Quest IX, and Behind the Music
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Description from Wikipedia:
A fiscal year (or financial year, or sometimes budget year) is a period used for calculating annual ("yearly") financial statements in businesses and other organizations. In many jurisdictions, regulatory laws regarding accounting and taxation require such reports once per twelve months, but do not require that the period reported on constitutes a calendar year (i.e., January through December). Fiscal years vary between businesses and countries.
In addition, many companies find that it is convenient for purposes of comparison and for accurate stock taking to always end their fiscal year on the same day of the week, where local legislation permits. Thus some fiscal years will have 52 weeks and others 53. Major corporations that adopt this approach include Cisco Systems and Tesco.
In the United Kingdom, a number of major corporations that were once government owned, such as BT Group and the National Grid, continue to use the government's financial year, which ends on the last day of March, as they have found no reason to change since privatisation.
Nevertheless, for about 65% of publicly traded companies in the United States and for a majority of large corporations in the UK and elsewhere, except in Australia, New Zealand and Japan, the fiscal year and calendar year are identical. Many universities have a fiscal year which ends during the summer, both to align the fiscal year with the school year, and because the school is normally less busy during the summer months.
Some media/communication based organizations use a Broadcast calendar as the basis for their fiscal year.
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