FW: Nintendo Plunges After Saying Pokemon Go Earnings Impact Limited

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Ye Tian (James)

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Jul 25, 2016, 4:01:30 AM7/25/16
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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%

 

Link to Company News:{7974 JP <Equity> CN <GO>}

 

For Related News and Information:

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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

 

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