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Nippon Ichi? Financial Crisis?

Many of  you may have already seen this, catastrophic news in the forums, but I DO think this is news worthy.

As the title suggests, Nippon Ichi is in a financial crisis, according to Kotaku the operating profit is down 97.5% during the first 9 months of the year.

The company's closing price on the JASDAQ, which is a Japanese NASDAQ (NASDAQ is traditionally home to many high-tech stocks. The big ones include Microsoft, Intel, Dell, and Cisco.) was 32,600¥( about 386 USD) and had dropped 20%!

This doesn't necessarily say that Nippon Ichi will shut down, but here's hoping they financially improve, otherwise it may be so.

Thanks to Kotaku, for the information, and thanks to Samuraileo for catching my eye on this news.

Link(provided by Samuraileo): http://kotaku.com/5466549/nippon-ichi-software-this-cant-be-good-part-ii

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Posted on 13 Feb 2010 by Doopliss
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