Nintendo Clarifies Pokemon Go’s Impact on the Company, Will Not Change Financial Forecast
Nintendo has posted a notice to investors clarifying the impact Pokemon Go could have on the company’s financial forecast.
Because the mobile game is developed and distributed by Niantic, and The Pokemon Company owns the rights to Pokemon, Nintendo is seeing limited gains due to the application.
Nintendo owns a 32% voting power of the Pokemon Company, but both Pokemon Go and the upcoming accessory Pokemon Go Plus have already been included in Nintendo’s forecast from April 27, 2016 for the financial year ending on March 31, 2017.
Due to this, Nintendo will not be making any changes in its forecast, despite the large success of both Pokemon Go and the increase in its stock worth.