It's all about the Benjamines. And Nintendo's makin' em.
Nintendojo has a sweet story on the big N's earnings for the past fiscal year. Too large to reprint the whole thing, but here's a little snip about how much dough they rolled in.
Nintendo raked in the equivalent of $1.35 billion in fiscal 1999, with a group current profit of 165.2 billion yen. Sales increased 7% to 572 billion yen. The group net income rose 2.5% to 83.7 billion yen. The yen/dollar exchange rate erased Nintendo's first half earnings, since 2/3's of Nintendo's sales occur outside of Japan. "Exchange rates play a major role in our earnings," said a spokesman. For every 10 yen the exchange rate falls, group profit drops by about 20 billion yen. Nintendo's operating profit rose 22% to 156.2 billion yen.