Nintendo seem to be slipping but it's not our fault -we swear!
Nintendo losing money? It's the yen's fault dammit! Not ours!
TOKYO, May 26 (Reuters) - The following is summary of the earnings report issued on Friday by Japanese home video game machine and software maker Nintendo Co Ltd .
Nintendo said its group net profit for the business year to March, 2000, declined 34.7 percent from a year earlier to 56.06 billion yen, and expected it to grow to 82 billion yen for the current year started in April.
-- Nintendo said the yen's appreciation had reduced its group sales by 6.2 billion yen for the year to March.
-- Its earnings for 2000/01 is based on an assumed average foreign exchange rate of one dollar to 106 yen and one mark to 52 yen.