Things doesn't get better than this. Nintendo is now the fifth biggest Japanese company by market value after their stock rose the the maximum allowable daily rise of 5,000 yen. Its market value now stands at 8.76 trillion yen, outstripping Sumitomo Mitsui Financial Group, NTT and Honda Motor Co, which had placed higher in the rankings only a day before.
That is after reports of its first quarter profit. The first quarter saw a net profit of 80.25 billion yen to June compared to the previous year's 15.55 billion yen. Operating income in the fiscal first quarter more than tripled to 90.63 billion yen from 28.80 billion previously, while revenue expanded 160 percent to 340.44 billion yen from 130.9 billion the year before.
Nintendo raised the forecast for both of their hardware. It now expects to sell 26 million DS and 16.5 million Wii consoles this fiscal year, up from 22 million and 14 million.
In case you don't know how to count in a million, that's a shitload of Nintendo power.
Source: Forbes, Reuters
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