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    7974   JP3756600007

NINTENDO CO., LTD.

(7974)
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Nintendo : says has no plans for further Switch model

07/19/2021 | 03:38am EDT

TOKYO, July 19 (Reuters) - Japan's Nintendo has "no plans" to launch a new model of its Switch gaming device beyond the screen upgrade announced this month, the company said on Monday in an unusual public denial following media reports. The $349.99 Nintendo Switch OLED will launch on Oct. 8 in the second major upgrade to the hit line of consoles.

Prior to the launch announcement, Bloomberg reported the Switch upgrade would have an upgraded central processor unit (CPU) and 4K output. The new model has neither, leading to speculation a further upgrade is pending.

The Kyoto-based firm, which is the focus of intense speculation on social media, said on Twitter it has "no plans for launching any other model at this time."

Nintendo also denied a Bloomberg report which said the upgraded model is expected to offer higher profit margins. "We want to make clear that the claim is incorrect," it said. (Reporting by Sam Nussey; editing by David Goodman and Jason Neely)


© Reuters 2021
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Analyst Recommendations on NINTENDO CO., LTD.
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Financials
Sales 2022 1 755 B 15 991 M 15 991 M
Net income 2022 455 B 4 144 M 4 144 M
Net cash 2022 1 640 B 14 940 M 14 940 M
P/E ratio 2022 13,8x
Yield 2022 3,61%
Capitalization 6 065 B 55 300 M 55 258 M
EV / Sales 2022 2,52x
EV / Sales 2023 2,54x
Nbr of Employees 6 574
Free-Float 85,8%
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Technical analysis trends NINTENDO CO., LTD.
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 15
Last Close Price 52 500,00 JPY
Average target price 71 673,33 JPY
Spread / Average Target 36,5%
EPS Revisions
Managers and Directors
Shuntaro Furukawa President & Representative Director
Ko Shiota Director, GM-Technology & Development
Satoru Shibata Director, General Manager-Sales & Operations
Hajime Murakami General Manager-Administration & Head-IR
Katsuhiro Umeyama Independent Outside Director
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