Nintendo shares fall a day after the gaming company offers conservative earnings guidance and urges caution by SamNusseyRTRS
TOKYO - Nintendo Co Ltd’s shares fell as much as 5 percent in early Tokyo trading, a day after the gaming company offered conservative earnings guidance and urged caution on the roll-out of its Switch console in China.
Nintendo’s shares were down 2 percent at 1106 local time , underperforming the benchmark index which was down 0.8 percent. Despite this, Nintendo is forecasting a meager 5.4 percent rise in Switch software sales on a year earlier to 125 million units. “Whether it would reach its targets became a big theme last year so Nintendo has released figures it can be confident of hitting,” said analyst Hideki Yasuda at Ace Securities.
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