Vocabulary
Sales
Net Profit
Forecast
Fiscal Year
Revenue
Analysts
sales
Definition
The activities of selling products or services, or the amount of products or services sold in a given time.
Example Sentence
The store is happy because sales were strong this month.
Example Sentence
Sales usually rise during the holiday season.
net profit
Definition
The amount of money a company keeps after subtracting all its costs from its revenue.
Example Sentence
After paying all costs, the company had a net profit of $1 million.
Example Sentence
Our net profit jumped by 85% this quarter.
forecast
Definition
A prediction or estimate about future events, especially about business or the weather.
Example Sentence
Managers raised the profit forecast for the next quarter.
Example Sentence
Good data helps us make an accurate forecast.
fiscal year
Definition
A 12-month period used by organizations for financial accounting, not always the same as the calendar year.
Example Sentence
The company’s fiscal year ends in March.
Example Sentence
The budget for the fiscal year was approved last week.
revenue
Definition
The total amount of money a company receives from sales before any expenses are subtracted.
Example Sentence
High revenue does not always mean high profit.
Example Sentence
Our revenue reached $7.1 billion this year.
analysts
Definition
People who study information, especially financial data, to provide opinions or forecasts about business results.
Example Sentence
Financial analysts study the market before making predictions.
Example Sentence
Some analysts think that revenue will increase soon.
Vocabulary Practice
The Conversation
Anna: Hi, Tom. Did you hear the news about Nintendo?
Tom: No, what happened? Did they do well?
Anna: Yes! Nintendo said their sales more than doubled after the launch of the Switch 2 in June.
Tom: That’s amazing! Did their profits go up too?
Anna: Yes, their net profit jumped 85% from last year. For the half-year, they made 198.9 billion yen, which is about $1.3 billion.
Tom: Wow, that’s a big increase. What about sales?
Anna: Sales for the first half of this fiscal year increased to nearly 1.1 trillion yen, or $7.1 billion. That’s much higher than last year.
Tom: Why did sales go up so much?
Anna: The Switch 2 is very popular. Nintendo sold more than 10 million units by the end of September.
Tom: That’s a lot! Are the games selling well too?
Anna: Yes, games like Mario Kart World and Donkey Kong Bananza are very popular. Sales of the older Switch have fallen, but Switch game sales are still strong because they work on Switch 2.
Tom: That makes sense. Did Nintendo change their forecast?
Anna: Yes, they raised their profit forecast for the full fiscal year to 350 billion yen, or $2.3 billion. They also raised their Switch 2 sales forecast to 19 million units.
Tom: That’s a big jump from their earlier forecast. Do analysts think Nintendo will do well in the future?
Anna: Yes, analysts expect Nintendo’s earnings to stay strong during the December holiday season. They also expect new games in the Pokémon and Kirby franchises.
Tom: That sounds promising. Thanks for sharing all this information, Anna.
Anna: You’re welcome, Tom. If you want to know more, just ask!
Tom: No, what happened? Did they do well?
Anna: Yes! Nintendo said their sales more than doubled after the launch of the Switch 2 in June.
Tom: That’s amazing! Did their profits go up too?
Anna: Yes, their net profit jumped 85% from last year. For the half-year, they made 198.9 billion yen, which is about $1.3 billion.
Tom: Wow, that’s a big increase. What about sales?
Anna: Sales for the first half of this fiscal year increased to nearly 1.1 trillion yen, or $7.1 billion. That’s much higher than last year.
Tom: Why did sales go up so much?
Anna: The Switch 2 is very popular. Nintendo sold more than 10 million units by the end of September.
Tom: That’s a lot! Are the games selling well too?
Anna: Yes, games like Mario Kart World and Donkey Kong Bananza are very popular. Sales of the older Switch have fallen, but Switch game sales are still strong because they work on Switch 2.
Tom: That makes sense. Did Nintendo change their forecast?
Anna: Yes, they raised their profit forecast for the full fiscal year to 350 billion yen, or $2.3 billion. They also raised their Switch 2 sales forecast to 19 million units.
Tom: That’s a big jump from their earlier forecast. Do analysts think Nintendo will do well in the future?
Anna: Yes, analysts expect Nintendo’s earnings to stay strong during the December holiday season. They also expect new games in the Pokémon and Kirby franchises.
Tom: That sounds promising. Thanks for sharing all this information, Anna.
Anna: You’re welcome, Tom. If you want to know more, just ask!
Discussion Questions
What new product helped Nintendo’s sales more than double?
How much did Nintendo’s net profit grow, and why is that important?
What does “fiscal year” mean in this context?
Why do you think video game sales were so strong for Nintendo?
How did the launch of Switch 2 affect the company’s revenue?
Why did Nintendo raise its profit forecast for the year?
What is a forecast, and how does it help business planning?
Which games are mentioned as popular for Switch 2 in the report?
Why do analysts expect strong performance for Nintendo during the holiday season?
What is the difference between revenue and net profit in a business report?
How much did Nintendo’s net profit grow, and why is that important?
What does “fiscal year” mean in this context?
Why do you think video game sales were so strong for Nintendo?
How did the launch of Switch 2 affect the company’s revenue?
Why did Nintendo raise its profit forecast for the year?
What is a forecast, and how does it help business planning?
Which games are mentioned as popular for Switch 2 in the report?
Why do analysts expect strong performance for Nintendo during the holiday season?
What is the difference between revenue and net profit in a business report?
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