The Pokemon Company disclosed a net profit of $143.3 million for the fiscal year ending February 28, roughly 26 times its previous net profit of $5.6 million (via GameSpot). The Pokemon Company Reports a Net Profit of $143.3 Million, 26 Times Its Previous NetPokemon Go elevated the company to great heights, but it was one in a series of new games that helped the company prosper. While Pokemon Go fever has cooled since the game's launch last summer, it's still performing more than well enough for Niantic, Nintendo, and The Pokemon Company. The company reported net earnings of $10.6 million for the FY ending in 2013, $18.4 million for 2014, and $5.6 million for the 2015 fiscal year. Kahtan Games, Inc., a blog managed by a consultant to Japan's games industry, observed that the $143.3 net profit is the largest in The Pokemon Company's recent history.
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This impressive jump in net profit is more good news for Nintendo, which owns 32% voting rights in The Pokemon Company. The Pokemon Company is also reportedly planning a mobile game based on the Pokemon TCG. The company revealed that its net profit for the most recent fiscal year, which ended on February 28, was $143.3 million. Fervor around Pokemon Go may have died down since last summer, but the game helped propel The Pokemon Company's profits to impressive heights. While private companies are not required to disclose their financial earnings, The Pokemon Company has regularly shared its net profits.
In comparison to the previous fiscal, net profit jumped by a factor of 26. According to investment bank CLSA, Nintendo owns another 10% of Creatures Inc., a developer affiliated with The Pokemon Company.) As a private company, there is no need for The Pokemon Company to disclose financials every quarter – or to ever discuss any of their numbers publicly. The Pokemon Company did so on May 30. According to the disclosure, net profit reached a staggering US$143.3 million in the fiscal year that ended on February 28, 2017 (there are no sales figures given).
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Pokemon Go Helped Propel The Pokemon Company's Net Profit By 26x
This impressive jump in net profit is more good news for Nintendo, which owns 32% voting rights in The Pokemon Company. The Pokemon Company is also reportedly planning a mobile game based on the Pokemon TCG. The company revealed that its net profit for the most recent fiscal year, which ended on February 28, was $143.3 million. Fervor around Pokemon Go may have died down since last summer, but the game helped propel The Pokemon Company's profits to impressive heights. While private companies are not required to disclose their financial earnings, The Pokemon Company has regularly shared its net profits.
The Pokemon Company's Net Profit Jumps 26x To US$143 Million Last Year
In comparison to the previous fiscal, net profit jumped by a factor of 26. According to investment bank CLSA, Nintendo owns another 10% of Creatures Inc., a developer affiliated with The Pokemon Company.) As a private company, there is no need for The Pokemon Company to disclose financials every quarter – or to ever discuss any of their numbers publicly. The Pokemon Company did so on May 30. According to the disclosure, net profit reached a staggering US$143.3 million in the fiscal year that ended on February 28, 2017 (there are no sales figures given).
read more visit us profit
collected by :Jack Luxor
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