Nintendo Plunges After Saying Pokemon Go Earnings Impact Limited
2016-07-25 00:28:30.460 GMT
By Toshiro Hasegawa
(Bloomberg) -- Shares fall as much as 16%, biggest intraday decline since July 20.
* Co. said Friday after market close that earnings impact from
Pokemon Go game would be limited; has no plans to adjust
forecasts
* SBI Securities senior market analyst Nobuyuki Fujimoto says
by phone he was surprised Nintendo made announcement Friday
night instead of with quarterly earnings; timing likely
disappointing to investors given it came day app was
released in Japan
* Topix today +0.3%
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To contact the reporter on this story:
Toshiro Hasegawa in Tokyo at thase...@bloomberg.net
To contact the editor responsible for this story:
Lily Nonomiya at lnon...@bloomberg.net