Japanese giant Nintendo released its latest financial results and posted a record net profit for the year, which ended in March thanks to a weaker yen and the box office hit of The Super Mario Bros. Movie and hit games like Pokémon, Super Mario, and Zelda: Tears of the Kingdom.
Year-on-year, sales increased by 4.4% to 1,671.8 billion yen ($11 billion approximately). Despite the unit sales of Nintendo Switch hardware and software, both decreased year-on-year, the company recorded a net sales increase of 1.5% to 1,567.8 billion yen thanks to the continued depreciation of the yen in foreign exchange markets.
Sales in mobile and IP-related business increased by 81.6% year-on-year to 92.7 billion yen, bolstered by movie-related sales and an increase in royalty income. Changes in exchange rates over the last fiscal year resulted in a year-on-year increase in the overall sales amount of 94.4 billion yen.
Unit sales for the entire Nintendo Switch family of systems declined 12.6% year-on-year to 15.70 million units. This breaks down to 3.86 million units of Nintendo Switch, 9.32 million units of Nintendo Switch – OLED Model, and 2.52 million units of Nintendo Switch Lite. Although unit sales decreased year-on-year, sales were stable for a platform in its seventh year since launch.
Sales increased for new titles released this fiscal year, with The Legend of Zelda: Tears of the Kingdom, Super Mario Bros. Wonder, and Pikmin 4 each seeing growth. In addition, The Super Mario Bros. Movie, released in April 2023, had a positive impact on sales of Mario-related titles. As a result, there were 31 titles that sold over a million copies during the period, including titles from other software publishers.
The full financial report can be downloaded from Nintendo’s official website.
