Nintendo’s Big Earnings and Revision; Honda Benefits from Forex, Raises Guidance; Nomura Posts Big Gains Despite Subprime Mess

Bloomberg has a concise one-pager covering the major earnings releases from Wednesday. The ones to watch based on market cap include: Honda benefitting from forex (offsetting costs, whereas Nissan’s forex gains were wiped out), Nomura’s trading and asset management gains help to post a big y/y jump in earnings despite growing subprime losses, an area it is trying to bail out and Matsushita posted a y/y earnings gain and will no longer have JVC to mess up its earnings. Note Nintendo is really on a roll. It raised its FY profit guidance by around 40% — it’s trading at a new all-time high, just under 30x forward earnings, seemingly more upside to come; it also boosted its dividend, getting close to 1,000/share, about 1.7% on a forward basis.