Hudson Forecasts Big Wii Profits

April 7th, 2008, 18:07 Posted By: Shrygue

via Next Generation

By the end of March 2011, Tokyo-based Hudson Soft expects operating profit of 10 billion yen ($97 million), incoming president Michihiro Ishizuka told Bloomberg in a recent interview.

Hudson's focus on Wii is already clear. In 2008, the game maker expects to release eight games for the Wii, and currently has released games including Fishing Master and Wing Island for the console. Hudson also plans to release the recently-announced Deca Sports this year.

"The game-software industry is one of the sectors that will lead corporate earnings this fiscal year,'' said Yoshihiro Okumura with Tokyo's Chiba-gin Asset Management. "In particular, companies related to Nintendo have a lot of room for profit growth.''

Aside from packaged goods, Hudson has also released several games for download on Wii, and has games in development for Nintendo's WiiWare original games service.

"Two years from now will be the time when game-software developers' profits are expected to grow the most, after the winner and loser for consoles becomes clear,'' Ishizuka said. "I will ensure earnings jump in the next three years by promoting licensing of our games and increasing spending on promotions.''

Hudson Soft is 54 percent-owned by Konami, and has other investors including Nintendo, JP Morgan Asset Management Japan and UBS AG, according to Bloomberg.

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